 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 your garal and a problem with us out here. We have the Dow Industries down 57, Nasdaq up 2, S&Ps off 3. Gold, flat, $14.71 an ounce. You get silver up 5 cents, $17.05 an ounce. Light Sweet Crude off a buck 14. $55 was 90 cents. A barrel, notes and bonds. You get the 10-year up to tick-straight in 129.13, the 30-year up 12 at 159.05. King dollar, up 25 tick-straight in 90, 70, 20 euros at 110. Yen is at 108.58. And the pound is at 129 to 1 US dollar. And I heard you're doing that update. You had a fast market there, man. What happened at the opening bell, man? That S&P, man, that was a fast market. And we're talking about fast markets. That's right. We're talking Mr. Kevin Hicks and his team at TD Ameritrade Think a Swim. And don't forget folks, every trading day right here at TFNN, you want to understand options, option strategies, futures, outstanding program, 11 to 12 Eastern Standard Time. If you haven't test-driven the Think a Swim platform yet, you have everything to win and nothing to lose, folks. Bottom line, come over to our website at TFNN, hit the banner, bring it up. You can trade paper money with Kevin and his team each and every trading day. Kevin Hicks, what's going on? Good morning, Tom. Good morning, Tommy. I believe what this morning is teaching us is that in a retail environment that is showing a pretty strong U.S. consumer, guess what, there's still going to be winners and losers. Yeah. And in terms of cold. And in terms of Home Depot, I'm the rest of the world and say, these numbers from Home Depot weren't as bad as everyone thinks. I think there's a very emotional trade going on right now in Home Depot because the stock is at its all-time high. But I think these numbers still look pretty good in Home Depot. Gold? Not so much. Gold has got some problems figuring out where they belong in the whole retail idea. Yeah, you know what's amazing about, let's look at Home Depot, folks, and lows, okay? So, you know, I remember this specifically when the housing market has gone along, you know, as it has, meaning it's been bullish what, six, seven, eight years, whatever that is, right? It seems that Home Depot always gets the first leg up in this market because you have more contractors at Home Depot, you know, more wholesale, not wholesale, but in between wholesale and retail. I would say so. Lows might be a little bit more retail, customer versus Home Depot. It's more beautiful, exactly. And if you look at lows, you know, as Kevin, there's a great point there, Kevin, okay? Lows is only down to the whole 60 men, okay? Yeah. So it's not the sector, you know? Yeah. You know, so, you know, I mean, it's been up here for quite some time, but it's really intriguing because I remember this at, on two cycles now. And I never realized, I realized at the last cycle that Lows is not a Home Depot. You know, Lows is a, it would be like a target in a Walmart, I think, you know what I mean? It could be. It could be. They just have a, they have more retail stuff. I'm sure Lows would take issue with that type of classification. They would. That's right, Tommy. So would Marvin Ellison, the CEO of Lows, who's from Home Depot. Yeah. And trying to catch up with them. Right. So that's part of the real fun discussion we're going to have today because remember Lows is tomorrow morning. Yeah. Cool. So we're going to see, you know, Home Depot, you, I mean, there's a lot of case to be made for Home Depot. Listen, how many, you know, they came out with their same store sale, 3.6% growth. Yeah. Well, the street was looking for 4.7% growth. I was like, wait a minute, 3.6% growth. How many retailers out there would take that number in a heartbeat? Oh. 3.6% growth in same store sales. But apparently that was disappointing for, right? And you know what investing means. That means you're putting money into the company that you hope to pay dividends later. Sure. And they're doing things like updating stores, updating the digital platform, improving the supply chain. All these things that hopefully are going to streamline and make this business better down the road. So I just don't see as much negative in Home Depot as some other people do. Yeah. And we were talking, it was a 3.1%, Kevin? 3.7, I believe. 3.6. Okay. Tom, Tom, he has the numbers up now. We're talking about 3.6 on 108 billion. Yeah. Yeah. The only thing I mentioned. That's pretty good. I was looking at that number and not being at least a little bit impressed. Now, here's the only thing, right? We got the three year growth on their revenue. 7.7, 7.26%. So if that's what's getting priced in, then the market's saying, hold on, we're at 3.6, 3.7%. That's a big number, man. They've been growing. Yeah. 2016, they were at $88 billion. 2020, they're coming in at $110. That's $22 billion in revenue on a yearly basis. They're going to add over four years from 2016 to 2020. Just staggering, man. And their earnings per share, they're up at about $10. And I don't know if you've heard the ads yet, right? The first ad I heard was two days ago, right? Home Depot, check this out, folks. Now has same day delivery for no cost. That's the word. Like, are you kidding me? That's like... Not on everything, but on a big list of items. They're even, even though I can't imagine a scenario how Home Depot can deliver most of the products that they have in Home Depot. Seriously. They're still doing it in some cases. Remember something, here's the last point I want to make when you think about Home Depot. This quarter and the quarter coming up, that's not their bread and butter. If you, Tom, and says, Dad, I bought you something for Christmas at Home Depot, you might be a little disappointed. Their big quarter is the second quarter that, you know, April made you a quarter when people are starting to redo their homes and stuff. So this is not their sweet spot time of the year on the calendar. So I just think there's a lot of good in these numbers at Home Depot. I think, you know, the biggest problem is, and Walmart hit the same problem, guys. The socks at the all-time high. You can't disappoint on anything right now with socks at all-time highs. Yeah. And Sally... This number that's coming out in Lowe's, in fact, we just brought it up in the TD platform. What is that saying? So we got the Analyze tab up there in the Thinkorswim platform. $7.81, man. Oh, that's a big number, man. That is a big move. That one day expected move, Kevin, for Lowe's. It's only trading $1.14, man. You're talking about $7.80. That is a big move as the market. Six percent? Something like that, for sure. Maybe the market a little bit worried with Home Depot coming out and saying, whoa, whoa, what's going to happen tomorrow morning, man? Yeah. But you know what? All that does, it makes it more fun, right? Because now, if you think about it, you have to trade Lowe's... Yes. Right. Yeah. That's a beautiful thing. And, you know, what Kevin's talking about, folks, if you've never seen Fast Market, is that they'll set up these paper trades so that you can really understand what spreads are all about, what butterflies are all about. Those multi-leg options. Right. Which is so cool because we're talking defined risk on all of these, okay? So before, you know, you move away from the computer, you know what your risk is. And, you know, that's always important. I'd say it's particularly important when you're at all-time highs. I mean, just look at Lowe's, right? I don't even have their earnings. Yesterday, we're at $1,680. You trade down to $1,1150 on the Home Depot number. You're back up to almost $1,1600 on the open. You're down to $1,1300 in... I mean, this is wild. I gotta love it. Right here, folks. 45 minutes from now. Kevin, you have a great day. Safe day. We look forward to the program. 45 minutes. Thanks for having me on, guys. Thanks, Kevin. Stay right there, folks. Tommy and I are coming right back. Our phone number is 877-927-6648. We have the dial down to 48. S&P's off, too. Come right back. 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 TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. 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Because Home Depot, I heard earlier from an analyst, I think they're the fourth biggest because the price tag on Home Depot shares. It is a big one, right? If they would be adding or declining, and there you go, 83 points alone, without them, you'd have the Dow positive above 40. Yeah. Then you get Dow to Pond putting 8 negative, Big Mac putting 5, putting the positive, you got Visa up 13, Boeing 9. There's quite a story, man, today in the Wall Street Journal, it was about American Express. Okay. They're paying off AXP. Let's pull this up. One more time. It's just the opposite of years ago. It used to be so hard to get an American Express, to accept American Express cards, right? I'm going back 20 years now, okay? But you could always get Visa or MasterCard pretty easy, right? If you were a merchant. If you were an American Express, sometimes it blocked you out. Okay. You know, you had to really have a great credit rate in order to get the American Express to accept it, right? Now, this article is about, is that they're trying to catch up because what American Express also had done, folks, okay? And it's changed. We've been taking it for years, but their rate was always like a percent and a quarter bigger than Visa or MasterCard because it's a separate deal, you know what I'm saying? You have a deal with Visa, MasterCard, and the banking unit, you have a separate deal with American Express. Sorry, their rate for who? The business or the consumer? The business. For you and I, when we're accepting an American Express card. Okay, we had to pay more? We had to pay more. We had to pay more on the transaction. Like what ends up happening, let's say the transaction of Visa or MasterCard is two and a half percent. Okay, so it'd be two and a half percent on Visa and MasterCard and then what? Three and a half. Okay. Now, this article is about, they're trying to catch up and they're paying a lot of large companies, payments from 10,000 to 450,000 to take the American Express card. Isn't that wild? Yeah, I mean, I guess it depends on what you're talking about. You're talking about a retailer, not the size of Target or something, but, you know, yeah, you're going to pay them half a million dollars. Totally. You're talking about, you know, your quickie mart on the corner, you're not going to be paying them as much, but this is a number that stood out to me. In 2018, Visa and MasterCard accepted at some 1.3 million more U.S. locations than AmEx, which had 10.3. So it's, you know, that's a 10% number, man. If AmEx had 10.3, then you have Visa and MasterCard at what is that, 11.6 locations. In 2016, AmEx said it would close the gap by the end of the year. Since then, annual dollar targets for its internal sales, people signing up. New merchants have increased at a double digit pace according to current form of employees. Pretty interesting. It is. And, you know, America Express has been very good at getting young college students and, you know, folks your age onto that platform. And that's because they've changed dramatically. I see no difference in AmEx versus a Visa versus a MasterCard. You know, anybody, not anybody, but I'm sure, you know, they're pretty similar these days. So if they're pretty similar, then why would you get an AmEx if you can't use it everywhere? For sure. If it's not a better deal for, you know, I think it used to come with better rewards as well, maybe a better something for the consumer. Because why would you get it as a consumer if it's used at less places? If you have an equal deal. Like as in why wouldn't you use a Visa, right? Right. If Visa's accepted everywhere. And why would you use an AmEx? Right. If it's accepted not as many places. There has to be an advantage to that. That's right. So they went from a card that, you know, I'm going back 20 years ago. Yes, yeah. They went from a card that basically you pay it off every month. Right. You know, versus just like the same with the other weather ones that now bottom line, no one pays it off. And, you know, not, I understand. But the differential is pretty amazing. And that was part of the difference, right? Yes. But I think it did. It came with greater rewards, you know. Oh, yeah. And whether you got your lounge at the airport. You're going to get an American Express. I got a gold, I got a platinum. Sure. You know, people would go for those. Definitely. Some of the higher volume equities out here today. Yeah, Chesapeake Energy just keeps that $0.59 now. They're going to put that out of its misery. You get Macy's down $1.50. That's down 10%. Roku with, again, some volatility, man. They're down dramatically. That stock just continues to rock and roll both ways. Yeah. And Uber technology, I heard he sold, they sell all she has now. No, only about a third. It sounds dramatic, but he's a third. How much money is that? Almost a billion dollars. $882 million. That's pretty amazing, man. Well, let's click on it because it's interesting how this goes. So it continues to shrink his holding. The Uber former CEO and co-founder. So 6.1 million shares since Thursday for 171 million. And that offloads 33 million shares so far, $882 million. That represents about a third of the stake. Let's see. So, and of course, we're all familiar if you've been following. The lockup period ended. Stocks has slumped 40% since the IPO. And he was ousted two years ago. You know, so he's created another fund. Yeah. And that's what he's talking about. That he's going into. You know what he's doing. Now, this is so intriguing, folks. And he's got the Saudi fund behind him. I believe it's iCloud. And with iCloud Kitchen, it's iCloud Kitchen. And what is he going to do? He's opening, yeah, there it is, Cloud Kitchens. And what it is, is that in major cities, you open huge warehouse, basically. You have 15 different kitchens inside it, definitely just to food delivery. Food delivery. That's it. You know what I mean? Uber Eats, he has a background in how that world is going and changing. Totally. He's worth $3.4 billion. A lot of that tied up still in Uber, though, to put things in context. I said, do you have the break? It's not like a CEO. He probably has some animosity towards the company that ousted him. Why would you keep your entire net worth in a company that told you to take a hike? Right. You know, it's not as if he's the CEO in control. That would be a dramatic story if he was still the CEO and he was selling these shares. Right. Very different. I mean, he did not leave voluntarily. He was ousted from that company. So I wouldn't, he'd too much into it, but if anybody has an idea of what Uber's going to do long term, he would be one of the best. And so taking that money out, but I often say, you know, why would you not diversify yourself with that kind of wealth? Yeah. Especially if you have no control over the company that it's all invested in. And even when Bill Gates was divesting out of Microsoft. Now, Microsoft ended up being a great story that keeps going up and up and up. Sure. But the reality, that would be the proper thing to do. Risk versus reward. Yeah. And I mean, Gates was chairman of that company for a long time after he was CEO, though. So it's not a familiar, and there's no animosity when he makes the choice to leave versus getting ousted from the own company before it even goes public. No doubt. That's a tough spot. No doubt. Let's go take a look at the bond market. So this just refuses to back off. And this is with, you know, the markets at all-time highs, folks, okay? So, you know, it's unusual, but it is what it is. You know, you get the 30-year-up, nine ticks out here. You got inside the range. And we'll see whether you're going to get another sign of strength. You know, that's... And what is unusual there when you say markets at all-time highs in the blue that the... Most times, if markets that are all-time highs, they're selling the bond market because it's like there's so much more money in the stock market, basically. You know what I mean? Okay. I just wanted to walk through. Yep. And it's like, okay. Sure. You know, let's... Oh, yeah? It's there. You know what I mean? There's no doubt about it. You know, there's a story over there if you can find it. Sure. Where are we going? Well, it's the guys who went to school with Warby Parker. Warby Parker? Yeah. Okay. They bought something at $441 million or something. Yeah. Maybe we can find it. We will find it on the way back. This is a pretty cool story. I mean, just as to, you know... All they started their company and got the one, right? Yeah. Okay. We'll pull it up. I did. Dow. Dow down on 52. NASDAQ up 13. S&P's up one and a half. They're right there, folks. Tommy and I come right back. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter and 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 for every trade 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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Using this first-of-its-kind program, the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. Right now, we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the art of timing the trade charts today by visiting TFNN.com. Welcome back, folks. Yeah, so this is quite a success story. I mean, it is. And to jump around, so I was fortunate, man. I went to a great high school right around Boston. Nolan Greeno will give them a plug. Nobles, dead amass. And Jeff Rader, he was a year under Miami Leaf, played football with them. So he's going on to have quite a successful story, man. So Warby Parker, one of the first companies. And also, we'll bring it over as well because if you're familiar with the shaving revolution, right, Harry's will give them a plug as well. And there is Jeff Rader who went to school. So he is now at the helm, I believe, of Harry's or a co-founder of that company. You have Jeff Rader and Andy Katz. But then you back things over. And there he is as well. So pretty remarkable the stories had going on for some serious success, man. Seriously. And now they're getting into... That's into... Contacts, right? Yeah, contacts. So they made their money in frames, right? Yep. And they've really been... They first, to put it in, they made their money in frames online. Right. You know, that they revolutionized to say, and the story goes, because we pulled it up, that there were students, they broke their glasses. As you know, your glasses, I mean, just an insane price level to do that. Seriously. And so they started making stylish frames available online. Very trendy. And then they kind of worked that into having some retail presence. Yeah. I believe they have a place in Tampa, across the Tampa as well. The stores are beautiful. And as they say, the staircase at Warby Parker's library-like headquarters. And that's, I think, familiar to what their retail presence usually is like. It's quite a presence they put together in New York. So to tell employees about the IWARE Retailer's future, there have been some modest milestones to celebrate, including a new collection of frames handcrafted in Italy in the store opening in the King of Pressure Shopping Mall outside of Philadelphia, where I happened to reside my senior year near Villanova. The big reveal was on Gilboa's face, or rather, it was in his eyeballs. So today, November 19th, company plans to unveil Scout, a line of daily contact lenses. First time Warby Parker retail, whose $95 tortoise shell frames are ubiquitous in co-working spaces and third wave coffee shops. Has expanded beyond eyeglasses since Gilboa, and co-chief executive Neil Blumenthal started the company almost a decade ago. So at $440 for a year's supply, the lenses will be slightly cheaper than many daily contacts, but will be sold with what Warby says will be a much improved ordering process. And I think that's where, you know, really things came in. That's expensive. It is. If it's slightly less, you know, it's all perspective, I guess. If it's less than what you're going to be spending. And the ordering process. That's why I mentioned, you know, the online deal. They just didn't create glasses, right? They did it online. They kind of changed the ease of which you could just go on, click buttons, get those glasses. So, yeah, one of several events. 2000 employees appropriately excited for the product that seems impossible to get excited about. This feels orders of magnitude larger than everything that we've done while they're cheerleading, for sure. From the branding to it being entirely new product category, they're saying. Yeah, that's quite... The next line is pretty cool. If anyone could make contact lenses cool, it would be Warby Parker. And, you know, that's why I mentioned the fact of their stores and all that stuff. So, you know, because you really had this aura, this excitement, this, you know, that went along with their brand. Oh, yeah. Big time. You know, yeah, it's, yeah. Frames, people, I mean, it's amazing how many different frames there are. And they're all plastic. I was just showing Tommy, if I didn't have insurance, frames like 400 bucks. That is the truth. It's like, kid me. That is the truth. 877-927-6648. Let's go overseas and take a look. So, you know, last night, it looks like the Hong Kong, most of the kids that are in there now, they either got them out. There's like 50 left in there, right? I'm not sure. I know that a lot had been arrested as in walking out voluntarily, thankfully. If they are 18 or older, I believe, they're being arrested. If they're under that age, they are not. Not sure what exactly is happening, but they are not being arrested, thankfully. I think that would, you know, when you're talking about children underage in terms of, you know, being arrested, especially being arrested in China, where you might say bye-bye to freedom for a while. Yeah. So, you had the Hang Sangs. Yeah. It reacted. Bottom line went up 412 bucks. Yeah. You know, it had volume behind the move, too. So, we'll see whether that's going to shake up. I mean, you look at that chart, you wouldn't know what's going on over there. No, you wouldn't. For the type of, I mean, I saw a video last night just online of a police van pulling up, and I chuckled because it was just so tantalizing. And it was hit with one of those fire bombs. And the whole thing blew up. And hopefully, the people in that police van were okay, because it was just engulfed in flames. The police van had to back up. That's where you really get worried, man, in terms of the escalation that could advance. Totally. Totally. Yeah. Let's go take a look at a few of the gold equities. We'll go look at the GDX out here. So, bottom line gold's kind of in a consolidation. You know, we had, we got some good volume yesterday. You're going to see this, you know, it wasn't a lot of price movement. We had 2674 to 2721. Not bad. But you can see that expansion, 49 million, which is not bad. So, if we get another expansion today, and what does happen with the GDX folks, it's the last trade of the day, can almost be a quarter of the volume inside it, because that's the, in this case, I think it's Vector's State Street. They're basically keeping the, it's a VanEck vectors, in order to keep the net asset value correct. You know, so they throw a huge amount of volume in at the end of the day, particularly if you get a big day up or down. Okay, that's when it really gets wild. So, we'll see where that shakes out. If we actually look at the gold market, that's down a buck and a half right now. You get a sideways move out here. You had some, you had a rejection of lower price out there yesterday. We go to the pound, we look at the pound. We'll be talking about the pound pretty soon, man. Yeah. I don't want to push time ahead, but, you know. And I think we're getting, there's a debate going on over there between Corbin and Johnson, I believe, at 9 p.m. England or maybe 8 p.m. England, I believe is 3 p.m. our time. Oh, cool. There will be a debate between the two of them. And I guess that's a little bit extra special because just like over here, there's more than two people running. So this will be actually the debate where it's only the two of them running. Okay. But what's also interesting is that it's not like over here where you're voting for a president. Over there, you're voting for your local MP. I know. And then you vote for the local MP, whoever gets the most MPs, that's who wins. So it's really interesting where over here, if you were voting for the House members. Right. And then whoever got the most House members, that's who decided the president. That would be a correlating way to how things get decided over there. So even if that debate shakes out one way or the other, it would seem that it should matter who your local MP is that you're electing because you can have varying degrees of extreme and more moderate that still might fall on one side of the aisle or the other. Just like you do here. There's no doubt, man. There's no doubt. Let's go take a look at that yen. So the yen is teetering right again at this 109 area, which if you're a bull in the gold market, you don't want it nearest. I guess 108.55. This 109.29. That's the number I do not want that to go over. All right. We'll talk to our man, Teddy Cakes, that tomorrow at this time. Yeah. Seriously, man. So what has happened, the euro looks like it's set up to get to a higher price. The euro right now, it's kind of laying there at 110. But I think 112 is the top of the consolidation, not really consolidation, but that's the last swing high. I mean, the market is optimistic of how things will go. Is it December 14th, December 12th? We'll have to get that number for that election. But it seems like the market, euro, pound as well, pretty much okay. I do. I think that they just want an answer to the market. I agree. Any, you know, most people will say in any market, right? Uncertainty. That's the biggest deal with the trade deal. You just got something done. You could get over the hump of whatever turmoil you have to get over and look forward to the future. As long as there's uncertainty, I mean, you see it with Boeing, right? While this is all is out there. We'll talk about that, maybe, you know, before the end of the show. But the uncertainty is just, when you can't price in a risk, the market hates that. Right. So I'm gonna just hit the Dow, too. Look at that. Dow's down 71, Nasdaq's up to 12, and he's off two. It's there at the folks timing and I come right back. 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 in St. Petersburg, Florida. The Tax 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%. 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From all aspects of the markets, including stocks, bonds, metals, commodities, and tech, there's a newsletter to fit your needs exclusively from TFNN. Stay informed each day you trade and get that competitive edge that will help you stay ahead of the game. Visit our Newsletters page by going to TFNN.com and click the Newsletters button on the top of the page. TFNN.com Educating Investors Biotech is booming, but for how long? Whether you think the Biotech bull has room to run or has run its course, trade LABU or LABD, Directions Daily S&P Biotech three times bull and bear ETFs. Visit DirectionInvestments.com slash Biotech today. An investor should consider directives, risks, charges, and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact Direction Shares at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principle. The funds are designed to be utilized only by sophisticated investors such as computer, four-side fund services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com then hit Watch Tiger TV. That's TFNN.com then hit Watch Tiger TV for the latest market information. Welcome back folks and we get our man Mr. Basil Chapman. He's going to be riding that wave tonight with all his subscribers. He's going to be doing a workshop tonight folks. He's going to be doing an instant stand to time. You can be a subscriber really easy to not only get his great newsletter, that'll get you into the subscriber event tonight. Just come over to our website at TFNN. You'll see the opening call and the featured content. You just hit Subscribe. You can get it from month, six months or a year. You'll be in this workshop tonight. Great workshop. He always does great workshops. And it's pretty cool. We're literally at all-time highs, man. Basil deals in peaks. Peak, A, B, C, D, E, F. We might as well, man. He's really dangerous. Basil taking subscriber feedback. It's always great when those are the people following along on his newsletter more closely than anybody else obviously. He's been taking feedback by request. Subscribers are just talking about Basil. Could you kind of walk us through how you're picking these stocks? What's your techniques that you really go through? He's going to be talking about the Chapman wave notation. Moving averages. He talks about divergence all the time. He talks about formations, rhythm of price movement, and of course, sectors and stocks to watch. Keep them on your radar with what are we at? Five weeks, six weeks left in the calendar year. Coming into 2020. I'll be interested, Basil talks about cycles, rotation. Basil talks about as well. I'm interested to hear what he has to say about the rotation, whether that will be something that plays into next year. And yeah, that's going to be live tonight. Basil always does a great job for subscribers and new subscribers, 30-day money back guarantee for all new subscribers. And so I encourage everybody, great day to sign up. You also gain access to the archives. You can really, I mean, for 30 days with a money back guarantee you get the five archives, you get the 90-minute webinar, you get his Chapman wave notation, you get the trades he made last year, what he was talking about, how he made those trades and they've been great winners, 15 to 30%. And those were the numbers when Basil three weeks ago, the market's moved since then, man. I wonder if there's still 15 to 30 or if there are even bigger numbers in there as well. And what happens, folks, which is pretty cool, I mean, if you happen to be doing something for five to six 30 sometimes tonight, the program's archived. So you can listen to it many times if you want. That's right, it'll be up there at least by tomorrow morning, midday and you can access as many times as you want right on your account page, right on that subscriber section. So check it out, 90 minutes Basil always does a great job, always prepared and does a great workshop for subscribers. I'm looking forward to it. So I like this story, man. You brought it up. Let's get into it. This is pretty intense. You talk about corporate governance issues, man. So we got the chairman of the SEC basically touting automailer emails to rationalize taking power away from smaller shareholders. That's what I took away from this article as you took it. So you have the SEC chairman, Jay Clayton, handed a policy win to corporate executives this month. He pointed to a surprising source of support. A mailbag full of encouragement from ordinary Americans. Well, that sounds innocent enough. I like to think that if you mail somebody who's in charge of government something that everybody can have a say, right? Well, you know what? It's unfortunate that so often it's corporate America and the elected officials who are supposed to have Americans best interest at heart. So to hear Clayton tell it, these folks are really focused on the intricacies of the corporate shareholder voting process. Some of the letters that struck me the most came from long-term main street investors including an army veteran, a marine veteran, police officer, retired teacher, public servant, single mom, retirees. He hit all of those hot topics, man. They always push the same guy. I mean, it's always the police, the veterans. It's the same guy. And you know what? It's a bunch of BS because it doesn't even hold water when the fact that this is not a high-level investigation you had to do. So let's take a close look at the seven of the letters and about two dozen others submitted to the SEC by supposedly regular people show they're a product of a misleading and laughably clumsy. That's the real key. It wasn't even in depth, okay? This was obvious to anybody. I'm sure he knew it. Check out that face. Good man, yeah, right. Public relations campaigned by corporate interest. Yeah, so the retired teacher, Pauline Yee, said she never wrote a letter, although her signature was hers. Military vets turns out they're the brother and cousin of the chairman of the Associates, a Virginia-based advocacy group paid by corporate supporters of the SEC initiative. That single mom, data embedded in the electronically submitted letter says someone at 60-plus wrote it. The retired couple, their son-in-law, runs 60-plus. I never wrote the letter, said one of the retirees, reached by phone. What's this all about? Then there's the public servant, Clay mentioned. Mary Read's letter has sharp words for proxy advisors, firms, the council, phone companies on how to vote and get shareholder meetings. But when reached by phone, the retired state worker said she wasn't familiar with the term. She said the letter originated with a public affairs firm that contacted her out of the blue. They wrote it and I allowed them to use my name after I read it. She said, I didn't go digging into all of this. Unbelievable, right? It really is, man. So the SEC declined to comment, yeah. Of course they did. And so it goes even the casual, this is where really even a casual reading of the letters shows something amiss. Four of the seven bear the same unusual letter and out of context phrase inserted into the SEC's mailing address. The same mistake turns up in 20 of the other letters. This is an automated bot-like program, okay? And the phrase is mailing to the secretary, a coalition of growth companies is all, that's not what you write when you're mailing the SEC a letter about an initiative, okay? That just happens to be probably what they programmed into this automated program to send out all these emails. What it really digs down to, which is a bummer is at issue is the proxy process, okay? The rules for how corporations conduct shareholder votes, such as when directors stand for re-election at annual meetings. Most of the time management wins in the landslide and that is true because if you have one voter putting up something asinine, okay? Then they're going to vote it down. Sure. Everybody has a vote. That's how it's supposed to be. But shareholders occasionally revolt over excessive pay or mismanagement. That's where you don't have the board putting up a motion to oust all their buddies that are in the executive suite, okay? So you want to, you know, everybody's supposed to have a say as a shareholder and it's just putting it to a vote. What is so worrisome about putting things to a vote if they're that ass in control, you know? Exactly. So, you know, it really gets here last year, the National Association of Manufacturers helped from the Main Street Investors Coalition to oppose what it calls politicization. There we go. Of the investment process to argue fund managers and boards should focus on maximizing profits. Well, they can. Everybody still gets a vote. That's what's being misled here, you know? One of the priorities is changing the shareholder voting process. And if it was so easy to do, why does the chairman of the SEC have to lie about why he's doing it? Right. And go with these emails. That's what you want to keep in mind, you know? You want to have that conversation? That's great. But why are you going to lie about the people behind it in terms of veterans, Marines, teachers, retirees? Oh, seriously, man. Yeah. Although the coalition has other members, NAM provided most of its initial funding according to a person with knowledge of the arrangement who spoke. The Manufacturers Association represents corporate giants such as Exxon and Chevron. Nothing like big oil. NAM sent a statement that it didn't fund 60 plus or direct any advocacy efforts on the SEC issues. Chevron wouldn't comment on the coalition, but acknowledged in a statement that it sometimes works on trade associations to help inform their understanding of the issues. So yeah, public comment is a great deal because that's citizens public commenting on things that issue. It's a bummer when you have, you know, one of the most powerful people out there, the chairman of the SEC, spend in a bunch of BS to get his way. So National Association of Manufacturers. That is not the American citizens. Plus, the nonprofit group calls itself an advocate for senior citizen issues. It routinely takes money from corporation advocates for their causes on issues varied as sugar subsidies in Alabama utility commissioners. Well, sugar subsidies, that helps the retirees, right? Yeah. It's remarkable, man. Stay right there, folks. Tommy and I are coming right back. This is 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 Mastery 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 market timer in the nation for the S&P 500 for the last 12, 6 and 3 months. Timer Digest ranks me as the number one market timer for gold as well. The fact is markets can be timed. And I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastery Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. If you're a trader in the market looking for exposure to gold or gold mining equities, then now is a perfect time to sign up for Tom O'Brien's gold report. The summer is over. Gold is trading back above $1,500 and the 10 year treasury is hovering at around 1.5%. Tom O'Brien has been writing his weekly gold report for almost 18 years. There's no one that knows more about how the gold market trades and how gold mining equities react. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning Tom publishes his 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 Basel Chapman has just announced a live 90 minute webinar he'll be conducting for subscribers to his daily trading newsletter The Opening Call, which will be taking place Tuesday, November 19th from 5-6 30pm Eastern Time, titled A Comprehensive Review of the Chapman Wave Techniques and Market Outlook Ahead for 2020. This is a great time to sign up for a 30 day free trial to the opening call while gaining access to Basel's live subscriber event taking place later this month. With some stock picks up 15-30% this year alone, Basel will review many of the Chapman Wave techniques that helped in their successful analysis as well as providing the sectors and stocks that he thinks will be of importance heading into 2020. For all the details check out the Opening Call on the front page of 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 a little movement in this market. Dow's down 110, Nasdaq's off 5, S&P's off 7. Not that that's a huge amount, but compared to where we were it is a huge amount. Especially pre-market man, I think the S&P's were up there at 3132 were 18 points off of the pre-market right up there. 3132 50. We'll be right back almost to the lows of yesterday. So the lows of yesterday at, let's see what time is that? We're on the air at 10.30. 3111 and it hit 3113 thus far. We'll see with this whole baby does shake out today. Of course we got our man Mr. Basel Chapman coming up this afternoon so don't forget about that. If we do take a look at the GDX, one of the Tigers want to know resistance levels. The GDX to me, I don't see a resistance level here. You get a supply line that's laying out at 28. There's been trading there a lot. This push yesterday with volume is a good push. Your swing point has 79 million at 2818. So that's your number. You need big volume there. I don't think we'll get to that point out here today, but I think what you are going to get is the note in bond market continues higher. The note in bond market continues higher. That gives gold some breathing room. That's what it really comes down to. I was just going to pull up the yield as we wrap it up. What are we sitting at? 1.78%, not bad. Not bad at all. Last three months, look at that. 1.45 to 1.9. That was quite a run it had, man. That really was. You get back down there and think about those refinances. As we said, Basel Chapman coming up will be live at noon as well. I encourage people to go over there, sign up. You can take an hour and get familiar with his newsletters, and then you get to watch the Tiger Technicians hour at noon before that workshop at 5 o'clock. I love it. Stay right there, folks. We'll get to think of something coming up next. I'm Am, Mr. Basel Chapman, Steve Rhodes, Steve White. I'll be back this afternoon. Thanks, pal. Thanks, man. We'll get him, folks.