 The following is a presentation of TFNN. The TFNN Bull Bear Training Hour. Every training day, live at 10 a.m. Eastern. Call now. Toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Training Hour. Now, Tom Antt, Tommy O'Brien. Welcome folks, appreciate you growl and prowl with us out here. We have the now industries up 147. Nasdaq up 48. S&Ps up 16.5. Gold down $8 trading at $14.89 an ounce. You get Silver's out at $18.17. $53 an ounce. Light Sweet Crude off 45 cents. $53.15 a barrel. Notes and Bonds. You get the 10-year down one tick, 1306. 30-year off 7 at 160.29 a King dollar. King dollar up 138 ticks. Trading 98, 592. We get the Euro at 109. The end is at 108.47. And the pound is at 126 to one US dollar. And banks kicking it off. They sure are, man. JP Morgan leading the pack as usual. Yeah. And if we go take a look at this, it's going to get really interesting, man. They're big numbers. There's no, there's no the JP, JP. $30 billion in 90 days. Yeah. Not bad. It's a big number. It sure is. And so if we take a look at this, you know, put this, it's just right at the top of the range, folks. So this is going to be pretty wild. I think if we look at this yesterday, it's like three years, right? Two years. What year is that? March of 2018. About two years. So. Not quite, but some of the others. Yeah. We'll see whether they can make it or break it. Yeah. That's where we're at. You know, bottom line is that the first time you were up here was March of 2018. Couldn't handle it. Next, then, you know, you went low. The second time you were up here was September of 2018. Couldn't handle it. Next time, May of 2018. 19. 19. And then you had a big September. Yeah. You know, you get up to that 120. September 13th, yeah, that week. Goldman, just the, no traction here. Yeah. Down about three, three and a half percent right now. You know, we take a look at Goldman. You're going to see a different shot here. Bring this back. Same way. Man, well, quite different, huh? Yeah. Oh, that's for sure. Yeah. So Goldman, you know, topped out March of 2018, 275 here at 199. Yeah. That's a different animal altogether. Oh man, big time. City group. Let's go take a look at city group. Yep. I think they came out too. I believe so. Flat. Yeah. So. Quite a rebound though. They were under 69 bucks. They were a solid dollar under where we're trading out right now. Yeah. And that high was established February of 2018, 80 bucks, 10 bucks underneath it. That's not bad. No, especially when you look at where they actually accelerated to at the end of last year, right? We were under $50 on that December. Look at that. That's crazy. 48 bucks. Yeah. That was a heavy down drop, man, in December. They sure was. No doubt about that. Cross the board. Yeah. Gold. Gold contract. Let's take a look at gold out here. That's down 10 bucks right now. Eight and a half dollars. It's going to need more volume to, you know, basically really get whacked. But bottom line is that that dollar is still hanging tough above the range. And if we go take a look at it, it only stayed under the range for one day in the lower range. So you take a look at it. The number we're talking about folks is the 98371. Okay. You know, it got there Friday, stayed there like, well, for the weekend, but then it doesn't trade in the weekend. So talk to his head up above it yesterday, but today what you have, you know, you get some movement out here. So let's go take a look at the Euro and see what is weak out here. Wait, Euro's down a bit. The pound looks like it's still getting some juice underneath it. Well, not much, no. And then the yen. JPY. We take a look at the yen out here. Yeah. This is going to be dangerous to the metals market. We'll see what happens here. This 10932 folks is something you really want to watch because this thing's hanging up here. I mean, it's, you know, it's right next to this downdraft. It hasn't made it the last few times up here, but we'll see where the whole baby shakes out. So earnings kick off. How about Wells Fargo? Can we jump in? I believe they had it as well. Let's see where they're trading at this. One more time. You're going a little quick. Nope, we're going, nope. WFC, Wells Fargo Corporation. Yeah, so kind of similar to a lower trade on the open, but a rebound in actually being in positive territory for the session. Wells Fargo, an animal of their own for what they've been dealing with, unlike any of the other banks, though, in terms of their woes for sure. Oh, yeah. It's down from 66 years, 49. And I believe what they did before they got this new CEO, and it said that, yeah, it takes one more legal hit before the new CEO arrives. Okay. That's good for the new CEO. I'd say so. Wells Fargo Investors got a reminder that the bank hasn't passed its problems as it seeks a new start. Look at this. The lender took a $1.6 billion expense for litigation tied to scandals of the retail bank. Oh, yeah. Dragging down the third quarter, and he's about 35 cents. But look at this. They still made money. Yeah. I mean, imagine taking a $1.6 billion hit and one quarter. Right. And you still make money. Yeah. Okay. It's just the banking business is like smoking mirrors. And it's so much money. It's absolutely amazing. Let's go take a look at the GDX for one of our tigers out here. So GDX. This baby, okay. Now, this is on Friday. We had some big volume in all these equities on Friday. You can see the GDX, 96 million shares. That's a problem. You're going into 75 million. You're going into the larger breakout, which is 125. But what I want to see on the GDX out here today is, oh, this is good. It got to 2660. Okay. So we've got to 2658. And realistically, I'd like to see a rejection of lower price at that point. If you don't get it, you're going to get 2618. Because 2618 would be how it jumped in this high range. You know, that's what it looks like. I mean, if we go take a look at the, I believe you still have, Barrack is one of the largest weightings inside there. So that's down 28 cents. You get light volume, but you want to see Barrack reject 1693. Well, actually it looks like it's going to 1648. 1648's game here. Yeah, that's the breakout. We're right near that zone. Yeah, that's the breakout from the 18th of July. And if we go take a look at Newmont. Yeah. Well, Newmont's straight and flat. It's in better shape than 3650. We're at 3780. Okay. I feel like I'm at the bottom of that gap. Yeah. Yeah. It's all about how we came back to that breakout area. That's what it comes down to. And then we get, so this is the kickoff. And it looks like they're pushing these S&Ps, man. Yeah, dial up 180 now. I believe it was up about 140. Whenever we were coming into the 10 o'clock. Let's go inside there and see what we got. United Health with their earnings as well this morning. Yeah, they got a good profit. Hadn't dug into that one, but they sure do. Look at that. Yeah. So you get United Health putting 105 positive points into the dial. JP Morgan 19, Johnson Johnson 19. Goldman is the big one on the way down. Now this is a great example of the price weighted. We go over it many times, right? But so look at Goldman, only pulling the indices down because Goldman, you know, 200, but down about 37 points whereas United Health up 105. And I wonder what the market cap of those two. Let's just see how they compare. Because I'm guessing that Goldman is quite a market cap. So you have United Health, market cap of about 223 billion. And Goldman with a market cap of, wow, only 74 billion. In my head, I view Goldman as a bigger company with 74 billion. Yeah. You know, right? It blew my mind that United Health was actually 224 billion. Yeah. I guess healthcare, right? Yeah. No, I can see it, but that's, it's like, wow. What is JP Morgan? Yeah, there you go. 380 billion. Yeah. Quite a difference. Big numbers. Yes. Stay right there, folks. Tommy and I are coming right back. iPhone number is 877-927-6648. Turning season is kicking off, folks. Come right back. If you're not currently using the Taz Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The Taz Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, Taz understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz Profile Scanner to profit. 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Detailed on The Tiger's Den or on the front page of TFNN.com. Just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com Educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back, folks. That was up 205. We'll be right back. We'll be right back. Thanks, guys, except 62. S&Ps are up 21. And let's go over to WeWork because this is going to be just a great lesson in pumping equities and we'll see what the next year to what they can do. Another day, another WeWork story of their woes, man. So yesterday we're talking about, right? They basically had two options. The first option is that the bank would take control. The company seems to be wanting, we'll see if they get that privilege to pursue the debt package. Now, anytime, when you want, if you're the one running WeWork to control WeWork, the only other option is you give soft bank control and then they probably come in and put their own people. Maybe they already are kind of trying to put their own people in there. So this is talking about the debt package. It's not just about the money. It's about the money that's being talked about. And this day and age. And with everything that's been going on about this company, it seems pretty appropriate because would you be loaning that company money at 8%? 9%? And that's what they even say. We'll get into the headlines saying that this might not even be enough with what's going on with this company. In fact, they go into the fact that notably the financing may include at least $2 billion of unsecured payment and kind notes with an unusually hefty 15% coupon. The deal may give the venture's top private shareholders a final chance to avoid having their stakes severely diluted. The proposed yield nearly double what WeWork paid on its debut bond offering last year underscores the skepticism among debt investors that the company will be able to stem its cash bleed and become profitable at any time soon. And that chart that you're looking at, folks, that's the chart of the bond that 7 and 7, 7 and 7, 8, went from 100 down to 79. Anytime you issue debt, it starts at 100, right? They got a 7.78% coupon. They issued $669 million. 7.875. Those bonds now trading at about 79. You do the math, that pushes it to about a yield of 18.4. They should double that. This one? The first time, yeah, exactly. Yeah, right. So pretty remarkable. And then there's there may be little appetite for a cash-burning business facing other headwinds even with the bond yield over 10% one analyst talking. That's kind of what we're saying, you know? I mean, who's going to be dying to get their hands on that debt even at 15% when guess what? It seems like the market has pretty much stated that they can't believe that they're going to be profitable anytime soon. Right, and, you know, JP Morgan is going to be working on it because they're already into the company as well as into Adam Newman for Monster Money. So it's got to be like, here it is right here. So look at this. The $2 billion of proposed unsecured debt may carry an additional sweeten for investors, equity warrants designed so that investors could boost their return to around 30% if the company gets a $20 billion in valuation according to. So, you know, if it gets 20, so, like, we don't, it's not saying what it is right now, but maybe it's 10. Right. I mean, that's what they were talking about. Probably under 10 was the speculation, really. You know, we work would only pay a third of the coupon in cash while the rest of the interest would accumulate and become due at maturity, they're saying. So that's maybe to try and allow them to actually turn a profit. If you're paying that, you know, how you're going to do anything. That's right, to get out public again. It's also going to include a billion of secure debt that would be sold to investors, as well as 1.7 billion in letters of credit that would be split among participating banks. And JPMorgan's assistant reflects the combination of financial and reputational interest, as well as Diamond's mantra that the bank be there in good times and bad. Well, you know, when the... That's the last... Yeah, they're already on... The bank already is the lead lender on the $650 million revolver loan and the major lender to Newman. Its funds are among WeWork's largest shareholders. So if we go like this, so what happened yesterday when I was on the air in the afternoon, if we can find this one, they also... What they had to do... Maybe just go into the WeWork again. They... They have 2,600 phone boots. I saw that. Right, they have formaldehyde in them, folks. Yeah, formaldehyde. And bottom line is that they got to get rid of all those businesses. Yeah. Like, I guess that would be not a huge amount compared to what they're dealing with, but that is a monster amount. Yeah. Any time we're talking about $5 billion in debt, though, it kind of dwarfs when you're just talking about 2,600 phone boots. They get some problems. Oh, they get some problems. And then you start looking at... I mean, how much money have they raised, I believe, for venture capital? It's about $15, $16 billion they've raised for a company that's now worth only $10 billion. Right. So investors have given them $15 to $17 billion, whatever the number is, and they're only worth $10. Right. Well, we could start a company tomorrow, raise $16 billion in cash, put it in our bank account, it'd be worth $16 billion. Right. You know, like, that's it. They got all that money and they're worth almost half of what the cash load is that they had. And that's why the original investors, which look like Benchmark and who else is in there, that's why they want that debt so bad. If the dilution comes in, you know, the dilution comes in and then it's like, okay, now it's game on and wow, man, it's a heavy scene. Oh, it sure is. It sure is. Some of the other higher volume equity out here, let's take a look at it and we'll see whether we get volume in this market today. Of course, yesterday was a holiday, federal holiday. Yep. Roku's got a bid up here. That's up $8.75. JPMorgan we were talking about, that's up $2.90. Apple's up $2.99. That's probably close to new high out again. So the 11, that's the new phone, right? Yes. Look at that, it's just hanging at highs, man. Not bad. Bottom line, that's pretty intense, man. It's quite an uptrend. It really is. Let me just put this. So revenue-wise, look at that money. Yeah, I mean, they might be the biggest juggernaut. You put them, you put Walmart, right? Because these are companies that don't have the growth anymore, so they're not getting some P.E., so they're really valued off some hardcore revenue. Right. We'll jump to Walmart, if we could next, just because, I mean, they're taking in, what is it, $2.70, yeah, about $270 billion for the year. Apple is. And Walmart, because they're a staggering company. Yeah, and with Walmart, 514, 526, yeah. Walmart, they confirmed it yesterday. They got the, here it is, right here. Yeah. They've got the same price with Amazon, and they're subsidizing some of their retailers, which is unheard of almost. I mean, Walmart was always the ones that were squeezing everyone. Yeah. So what this is about is that hold on to your smartphone, the holiday price was the beginning between Walmart and Amazon. Walmart, the world's largest retailer, has introduced a program to temporarily level the price, consumers pay for some items on its marketplace site where third party vendors pay Walmart a fee to list the goods. The merchants on the site, they pay the same amount that was listed before the cuts. Yeah. So the war is on in a huge way, man. Yeah. And that, can we, I was just going to mention the Amazon at the bottom of there, because that is, I believe it was the price war with Amazon in terms of, so the move is a response to Amazon rolled out over the summer where e-commerce giant has full control of the set prices for third party products sold on its marketplace and return for a minimum payout. So Amazon has come under scrutiny for increasingly leaning on vendors to ensure the product aren't offered for a lower price on Walmart.com or any other arrival rate. So they got a they got a battle going on there. 877-927-6648 Bank earnings are out. Bank earnings are in season. We're going into holiday season. Halloween. We ought to go by Halloween, not yet. Not yet, man. We got about two weeks. Two weeks to go. I'm going to beat up 22 and come right back. Hi folks, Tom O'Brien here. If you'd like to get my daily newsletter Market Insights, then now is a great time to sign up for a 30-day free trial. Every morning by 9.30 I send out my morning letter to subscribers with market commentary on a variety of markets, currencies and commodities to keep investors up-to-date on the day's trading action. Included in Market Insights are specific buy and sell recommendations for stocks, ETFs and even options. Which stops and price targets included in my newsletter. If you'd like to try my newsletter risk-free for 30 days, then head over to the front page of TFNN and you'll find Market Insights under Trading Newsletters. 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Get your copy of The Art of Timing the Trade Chart today by visiting TFNN.com This segment is brought to you by Think or Swim. For more information just click the Think or Swim banner on the front page of TFNN.com We get some movement in this currency market folks. Do they have some progress? That's what the headline says. We'll see if it comes out, right? EU-UK negotiators said to be closing in on draft Brexit deal. UK and European Union negotiators in Brussels are closing in on a draft Brexit deal with optimism that there will be a breakthrough before the end of Tuesday. Two EU officials said that is today. Any draft legal text that will hinge on whether Prime Minister Boris Johnson believes he has the support of the UK Parliament with the backing of the Northern Irish Democratic Unionist Party Crucial. Very light on details there but nonetheless to jump over to the pound, yeah. We're getting a spike as you might expect so the market listening to that and if we could drill it down to really see the instant spike on that news as it was breaking just in the last few minutes and there's your spike going from about 126.5, almost a solid point to 127.5, 127.38 and you get the euro did the same thing so it's going to be intriguing because of course both of these have been in the dumps for quite some time. That's the pound. There you go, not bad. Just under 110, right, to 110.30 on that spike. So we'll see how this baby shakes out and then if we go over to the doll you're going to see just the opposite inside the doll. Now it's going to get interesting to see whether the doll can get back under the range and you know, let's see, so we're dealing with 98.371. It just did it. So it's going to get interesting, man. You know, I mean that's the first time we've heard in a long time that anything is happening, right? Yeah, and again, light on the detail so we'll see, but you had two EU officials the EU kind of the ones that have been the harshest to do this. We're going to make concessions if you actually have real EU officials saying, hey, we might have a breakthrough. We might get something by the end of today. But as the later part, the latter part of that update said it all hinges on whether they can get through parliament. It seems like there's a lot left there, but the market's saying maybe. There is. Let's go to Mark in Bedford Mass. Mark, what's going on, brother? How much, Tom? How are you? How are you doing? Good, man. I'm sure you're doing great up there because this is a great time of year. What a gorgeous day. It's one of those picture post-card days. It is. It's one of the Chamber of Commerce days, right? Yeah, no doubt. Because you're on the turn right now, right? This is the turn, really. This week, last week, yeah. In the Boston area, we're just about to peak. Northern England is peak or past peak. If you go down to Rhode Island, there's still maybe some picking left. Yeah, the trees are all out. And I'm just looking out the window right now and I see color all over the place. That's so cool. Nature's peak brush. Yeah, and a big way. So I have a couple of questions. My first question is about the market and that relates me to the TVIX. I don't like to buy the TVIX. I keep biting my tongue in the market. I want to buy it. The market's going up. The TVIX is a very T.F. So I guess the two questions are related. Do you think we'll ever go we'll ever come down? I know, Tom, you've been on the bearish side. That's a great quote. Will the market ever come down? You know, this is what happens. We can talk about the TVIX for a second. The problem with the TVIX mark, right, is this. This is this vehicle here folks, right, is trades at two times the VIX ETN. Two times the VIX in general. Now the VIX in general what ends up happening is that when this moves most times you don't even have a chance to trade it because let's picture what happens here. If we go to sleep tonight and we wake up tomorrow morning in the futures you know, are down 25 points. Well, it's already moved. So that's why this vehicle I mean, I can understand why people trade it because when you get it right you know, if you're in it the night before you know, it's fast, furious and you know, all the above. I mean, if you go all the way back out here May 3rd it was at $19 and five days later it was the 31. Right. You know, so I get it. The problem that it is, Mark, is that you know, it's after the fact. You know what I'm saying? Right, exactly. The real picture is you know, we have a obviously strong market today so Tom, what do you think are we ever to coin the phrase are we ever coming down or are we going to keep going up and maybe what appears to be somewhat light volume sometimes. Well, so today's a good day to you know, so let's say wait until the end of the day. So I have the spy up here right now folks, okay and you know what you had here is that last Friday you had a big day no doubt you had an expansion of volume 101 million shares. Now that wasn't big of all that's going into but you still got an expansion of volume. So the way that works inside time of the trade is that we're testing that right now it's just 298.74 That 101 million was going into your downdraft from October which is only 89 as well as the bigger downdraft though which is the 142. So the way I look at markets is that what I say is okay if you get over this today which we are and you close under it that's a failure in price and volume and you're still not at the highs you know be very close but that's the that'll be a consolidation. If you close over this high today with the volume or not that is a shot going right to the very highs which is the 302. That's kind of how it is. So that would be an indication whether to maybe and I know if the word is maybe buy the t-vix or not buy the t-vix. That's correct. Based upon how it closes. That's correct. Maybe buy and maybe buy some shares in the post market. That's correct. Right. I just you know close into the close because that that would be saying that okay and then what I would do I would actually measure what is the percentage of lighter volume if in fact we get that but it looks like we will you know right now you're into the market an hour and a half we get 9.8 million you're talking about a hundred million you know it doesn't mean you won't get it but your probability is that you won't you know get you'll probably get 78. Yeah Friday was a big day with all the trade talks with all the you know speculation of a deal phase one so forth yeah and so are you still bearish in the long run yeah yeah okay I mean well this is what you have you know what we've really done okay and this is where we've been in a consolidation I mean it's a higher consolidation you know there's no two ways about that but when you bring this back I mean you know we can bring that back where is that beginning of 18 that's January of 2018 and you're 286 you know what I mean so it's like okay it's higher there's no doubt we're 298 but realistically you know when you look at a long-term chart like this is like okay you know to me that was still in this consolidation now you can make the case that you are in a higher range for sure you know I mean you know it's like okay is it and why would that point to a downturn though versus does it does it or does it point to it because that was the it wouldn't turn to it yeah no it's just saying that because I'm just high-volume I might agree but I'm just saying you jump to it to explain why you were bearish oh because all these lows have high-volume lows okay and they hit you know and they haven't and then on top of that here just stay with us Mark okay come right back okay if you're in the cd market and looking for a secure investment the Tiger First mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone this act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year cd in the country as of February 20th is 3.1% a $50,000 investment at a normal four-year cd rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year cd that's same 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latest market information hours up to 62 nasaq 89 S&P's are up 29 and a half we're talking with mark from bedside and we are talking about the market in general so if we go over just to even take a look at this even at the break there mark there's no doubt that they're running this baby we'll see just how far they can do it now the high of that's friday there's 2994 and so that we just get over that that's going to be a nothing but you want to keep your eye on right now because that's that's the number that we're talking about where the test is coming in and to go into I was talking about that consolidation when you look at a couple of the high flies Netflix that's already gave it up an FLX in spades you know you have Netflix is one of the first ones to actually get close to that december 2018 level on the way down I mean that that number there was the high was 261 the lowest 231 and we got to 252 is actually got into it and video is another so we mentioned we were going to show you were talking that apple was up I don't know what it's not right this all time high almost a dollar apple is doing the opposite of Netflix apple continues to remain strong while Netflix is down so it does I understand your assumption based upon Netflix but apple tends to run against that then yes and so doesn't google I mean google right now you're up $18 but when I look at google it this google that 1265 looks like it wants to get tested man so you have the ying and the yang out here there's no doubt you know what I mean it's like you know this is a we came down hot on google maybe it won't make it when it gets up there but it looks like to me that it doesn't want to test it because seeing we had come down in may it was vicious down draft right 15 million went from 1289 to 1155 but then watch it happens as we went up you had 11 million versus the 15 million but you still have good price movement from 11 20 to 12 to 55 and then this is the building cause so this building cause looks to me like a building cause pushing into that level so this looks to me like you know it wants to test it excuse me can we jump to Disney as well yeah it is with the likes of their new streaming product coming out Disney plus and the how they're going to combat Netflix the two of those going to be huge competitors maybe the charts going to catch up eventually okay I want to see where that was in relation to Tommy the indication about if you want to buy if you think Disney is going to be strong is do you foresee what the birth rate is you know all the kids want Disney for whatever reason you know all the Disney shows are going to be on there where Netflix is probably more tweet form more mature audience and so you have to look at almost what the demographics is going to be like if you're an investor and you're going to play this for a longer period of time what is the invest what is the demographics going to be of the US who to see what the buying power of that what the revenue stream of Disney is going to be if you don't think we'll have a large younger audience I'm talking about probably 10 or 12 or another foreseeable future then Disney may not be I think anyway going going going game buses as opposed to Netflix which is more tweet for a more mature audience I have Netflix and I know I know you guys do we'll go from there so I see it being just more of a fundamental problem regardless of birth rate where what is Netflix's brand of their content right there's some great stuff Ozarks is a show they're coming out with a new season I love they got a bunch of great shows but not when you compare it to the likes of Disney man right you know what happens to mark is that the Disney is a worldwide deal just you know so picture you get a young child right and there's no reason to leave Disney everybody knows making mouse everybody knows and then you go into the style was and you're going into everything else it's a real number so I see Netflix almost they're not in the likes of we work but they have on a reckoning right now in terms of trying to square how they have all these competitors coming online and for the first time I think they're really going to start seeing some cancellations and you might come back to Netflix we've talked about it right right but it's not something you just thing up on the credit card leave it there for years not even worry about it because you're going to want to enjoy other streaming we haven't even talked about the Amazon right I know Amazon Prime right I know I have a question on a very different subject Tom your afternoon show your second hour is that now a repeat of your first hour yes it is okay so you basically 9 to 4 instead of 9 to 5 that's right okay why do you show on the hour you want to get to the beach sooner the bottom line 3 hours a day for how many years there's a lot of time there's only so much time in the day as you know Mark as I say yesterday's gone tomorrow's not here what are you doing right now you can't get time back so bottom line it is what it is alright cooking guys thank you so what's the weather like down there it's still a little hot it's still a little hot yesterday came down a little bit two or three more degrees will be really in good shape we hope we're hoping it's not like last year that you know we got to the point of Christmas before we really got some cooler weather so we don't want that to happen because how hot hot does it get like in July, August are you like 100 every day it's what happens is that it seems like August and September the hottest right yeah and it's not that I mean the the temps in Nevada right they're at 118 something insane it's usually 96 97 98 but it's our humidity that just is through the roof so the feels like temperature when you combine them is pretty bananas and the sun is very hot you got to stay out of the sun the sun is like what what does happen well we're we all Tampa St. Pete this is all in the water so what does happen which is cool is that at night when the sun goes down five degrees makes a huge difference here like and the you still think it's really hot Tommy and I would say oh this is beautiful right do you get much of a sea breeze yeah we do we do it's nice being on any other coast oh it's huge oh it's huge man yeah it's huge cooking brother all right thanks Mark enjoy the day you too man have a great one man thank you guys have a safe one the uh so we'll see where this baby's going you get the Dow of 274 the Nasdaq of 86 up 31 was pretty wild is that when that European news come across it brought the currencies the euro up the pound up the dollar down and the S&P higher let's see which one I'm going to pull up the currencies yeah so there's uh the extension of them you get the dollar now at 98255 I think we initially had just dropped to about 984 on that they're moving and you got the euro spiking now to 11039 and there's that pound at 2762 now quite a number there's no doubt let's go to Lou and Spokane hey Lou what's going on brother hey Tom and Tommy hey stay right there morning Lou morning we'll come back we'll talk about general electric GE after phone number is 8779276648 stay right there folks we're going to come right back with Lou we're talking GE GE right now is trading up six cents at eight dollars and seventy nine cents we're going to go right back I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we Tigers and Tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one mark timer in the nation for the S&P 500 for the last 12 6 and 3 months timer digest also ranks me as 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weekly gold report with coverage of gold silver, bonds, the XAU HUI, GDX, the dollar as well as more than 30 different mining equities as of September 3rd gold report subscribers have 5 active open positions with an average unrealized profit of almost 38% for each position to see for yourself the types of profitable trades that are recommended within the gold report sign up today by visiting TFNN.com Since 1984 Basel Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Basel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later and found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman wave sequence. Using the Chapman wave methodology along with other indicators Basel Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a 2 week free trial to the opening call Basel's daily trading newsletter by visiting the front page of TFNN.com Cancel it any time during that trial and pay absolutely nothing. Get your 2 week free trial to Basel's newsletter of the opening call today by visiting TFNN.com This segment is brought to you by Think or Swim For more information just click the Think or Swim banner on the front page of TFNN.com How's up to 93 Nasdaq's up 95 S&P's up 33, Dick. You're pushing it man. It's going. It's not stopping. Let's go to our man, Lou and Spokane. We're talking GE. So what are we looking at Lou? Seeing GE something that you guys had been talking about a couple weeks ago and it what you said really impressed me and I said man I got to get in on this. But what you said was when you cook the books it really when it comes undone and you probably know a lot more about I thought GE was cooking the books in the 1990s myself but you probably know a lot more than me. I don't know the technicals but my point is the United States of America is cooking the books a lot more than GE ever thought about. So watch what happens here. So when you're talking about when we shift from like a GE to either the banks or the government they can print money forever. So it's a little bit different. Do you know what I'm saying? Well Tom, they can print money and they've been doing it all my lifetime but when it comes undone it comes undone and you have an explosion of hyperinflation I believe that's going to happen. Yeah I think both sides I would say we agree that that problem man but it just doesn't stop so we got to get it under control for sure. It doesn't stop it can't be brought under control. No it's mathematically impossible I understand that. I don't think it's mathematically impossible you got to spend less or take in more. That's not mathematically impossible to be fair. Alright, that's a discussion for a longer day Luke. That's a good one. Stay right there folks. Biggest one coming up next then I'm in is this Basil Chop and Steve Rhodes Dave White back in September. Yeah, look at him folks.