 The following is a presentation of TFNN, the TFNN Bull Bear Trading Hour, every trading 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 Trading Hour. Now, Tommy and Tommy O'Brien. Welcome, folks. Appreciate your garal and a problem with us out here. We have the Dow Industries up 254, Nasdaq up 76, S&Ps up 27, Gold contract down $3.10. It was up $14. The futures were flat. And guess what? We got a tweet. The world can change quickly with a tweet, man. Bingo. Bingo. Notes, notes and bonds getting smoked in a huge way. You get the 10-year note down 24, six-trade, $128.16, the 30-year off two points at $156.20 and $Kingdala, $Kingdala up 185, six-trade, $97.313. Euro is at 111. Yen is at 109.10 and the pound is at $131 to $1.00. Let's go over to our man, Mr. Kevin, at TD Ameritrade. Think of Swim as we do every Tuesday, Wednesday, and Thursday. And if you want to understand the options market, folks, you want to understand options strategies, futures, defined risk, which let me tell you something right now, I don't care if you're a bull or a bear, defined risk is totally where it's at. I've seen the S&P's move, man, but these things, this is quite a move. 1% in one second. You got to love it, man. Question is, how many calls did you buy before it? That's right. Kevin Higgs, what's going on? Good morning, Tom. Good morning, Tommy. Yeah, you know, a tweet can do many things and this was a doozy. There is no doubt, man. I guess when he puts very in caps, that means that they're very close. Yeah, that did a number on this market. That turned a lot of things from really red and sweetened and awake is what I think this market turned into. Wow. I mean, you talk and you know, the bottom line, folks, is that, you know, we've been hanging at the highs here for about a week and a half. Uh, but it just, I mean, it blew him away. It didn't just, you know, get up there and, you know, I talk about conviction a lot and when you move with conviction, it makes a difference. It was 3158, we're just like, boom, we're at 3,170 in a heartbeat. Right, right. And you've, you're moving away, the further you move away from 3158, the bottom line, the higher the thing wants to go. I, you know, you, you get a continuation of a trend. That's what I'm trying to say more than anything. You basically have a fed and a, a really an FOMC and that is just hands off right now. I'll tell you what, you're getting a pretty big move in bonds though, a pretty big snapback on the downside in the 30 year and the 10 year. That's a big move. It's, it's a monster. So let me see if we get near that low yet. Cause that, that low we'll be talking about, yes, yes, see, okay, the lows getting tested right now. So there's a lot of things on the market getting tested right now. There is, you know, Kevin, you know, it was wild on the way in here. I thought we were going to talk about how dovish that the Fed was yesterday and Powell was. I mean, I'm listening to the news conference and saying to myself, it seems to me that no, no matter what happens, he's got an answer that don't worry about it. We're going to take care of it. You know what I mean? Right. And you can see the dollar went down, gold went up, you know, market stayed flat, but guess what? Interest rates at this level. And, you know, more than likely we'll come into 2020, I mean, unless there's huge amount of information on the positive and negative side, you know, you can make the case that the Fed's going to stay right where we are. I would say so. Absolutely. And at least here's what we're, here's what I think the next three to six months is it's going to be a market that's going to trade purely off the economic data and the other things. I think the Fed is on the sidelines and I was on with Oliver Renick this morning on our show talking about a 179 tenure saying, you know, we are perilously close to going into holiday markets and, you know, slow, low-volume holiday markets. And it wasn't within 10 minutes that the tweet came out and off we go. No, totally, man. And now we're looking at a 10-year yield, almost a full point higher at 187 now. We were talking about 179 just an hour ago. All right. And, you know, folks, okay, so it's Thursday. It's 10, 10 a.m. Eastern standard time. And guess what? We got another, you know, basically 36 hours of U.S. trading and we're going to find something out about December 15th. I mean, I can't picture, well, I guess you can pitch it. There doesn't have to be an announcement before the close of trade tomorrow, meaning on a Taft issue. But more than likely, there would be, I think, you know. Yeah, there was already a, right as I was coming in, there was some quote from the Wall Street Journal talking about, they're talking about tariffs not going on on the 15th. And they're talking about, you know, based on tariffs not going on versus with agriculture purchases. And it looks like we're there on the verge. It looks like things are leaking. Like an announcement is imminent. Basically, though I have no proof on that, it's just you get that feel that we're about to get something. Man, you know what? I guess I don't know whether you get psychology mages or psychiatry mages right now, man, but you probably can do just as well being that then versus the trader in this market right now, right? You know, guess what? This has been a continuation, though, of a really fun year to trade. Yes, no, that's think about where we were a year ago at this time in the midst of just a violent, unmerciful sell-off. And, you know, what we have here, folks, we're over the size of a conviction. There's no reason that a couple of money managers can't say, okay, we got the other side of it. We're going to have low liquidity. Let's really run this market, right? I mean, that, you know, you've been in that S&P pit. The bottom line is that that's still there, you know, guess what? It's different, but guess what? You know, there's no doubt that this thing could run, man. Tom and Tommy, what the high frequency trading did to this market on December 24th of last year, who says they can't do it the opposite way on December 24th of this year? Right. I listen, man, it's pretty intense. Yeah, there's no doubt. And, you know, I heard the number on Apple coming in this month of it. Number on Apple is pretty intense, meaning that if the tax goes through, that's $150 per phone. Okay. Per phone. You had Dan Ives on talking about that, you know, he thinks that most of the tech companies that come through, they will eat that into the margins at the beginning. And then he's saying, you know, the way Tim Quiddick is negotiated with Trump, that they'll end up getting an exemption. I'll tell you what, navigate your company through an administration, let's face it, and he negotiates those waters. And I applaud him for that. Yeah, listen, I was just, it's interesting, the story I was talking about Apple this morning, the nine o'clock update was the report from Credit Suisse and iPhone shipments dropped 35% in China. But man, oh man, did they react to that tweet because they are already, look at that turnaround, man, they were down to $267 on the dot and they just traded above $271, $4 of action. And they're pretty much even right now. And, you know, what we have out here today, I mean, vacations, yeah, holidays, you know, next week is a slowdown, but we'll get volume in this market today, man. I mean, yeah, you certainly are. Yeah, I'm not saying that this market won't slow down into the holidays, but not today. No, no, no, they've rallied five points and she and I have been out of the air. I know, believe me. And this is when, when you get runs, folks, this can run, man, definitely make 3175. It has a nice ring to it. Folks, right here, 45 minutes from now, you want to understand defined risk. You want to understand the options market, awesome program. Kevin, you have a great one, a safe one. Of course, we look forward to the program and look forward to speaking the next Tuesday. Thanks for having me on, guys. Have a great day and a great weekend. You too, Kevin. Stay right there, folks. Tommy, I come right back. That was up 290. That was like 85. This is up 31 and come right back. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. 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Call now toll free at 1-877-927-6648 internationally at 727-873-7618. So now, now up to 87, you get the NASDAQ ABD3, S&Ps are up 31 and we know the S&P hit a new all-time high. I'm suspecting they all did. Yeah, I wasn't sure myself. I had 3158, it looks like it, right? I had 3158 ingrained into my brain. So I knew that, that one eclipsed it for sure. And looks like the DAO's got it right there. And let's pull up the NASDAQ as well in May because it's been acceleration pretty much gangbusters across the board. No one's missing out on this rally, man. Look at that. There we go, yep. Yep. So that blew it away too. Yeah. 87.05, we're at 87.37. Yep. Big number. Definitely. So it's winter, natural gas coming up in 10 minutes, right? That's right. We get inventories, natural gas, Thursday. Look at all these charts as I close them out, man. Action everywhere. We're going into commodities. We'll take a look at the natural gas contract. Of course, we got oil yesterday, quite a move in the oil contract. Natural gas, we're looking at the January Futures contract right now. As you said, we get those numbers at 10.30. We're trading just a hair under 2.30 right now. So we're trading at 2.29.9 in that contract. I'm going to jump around real quick. Refresh these to get all the contracts in here. So the 11 AMs, we do have 2.30 with an option, which is nice if you wanted to trade this. So there's your bullish spread. And what's nice is we're right at the price point, man. We're going to have basically no intrinsic value at all in either of them. And a little bit of a spread, though, at first glance here. Look at that, seven ticks. Just that's where you want to get comfortable with these. So you're getting in. And this is where, man, and I don't like when a market maker has that big of an edge over me, right? You're forced to buy this at 2.31. They're buying it from everybody else at 2.33, seven full ticks away from where you're buying that. Still not the end of the world, right? But that's a little bit of a spread. You just want to keep that on your radar. Because then you have the spread on the other side coming out. Exactly, right? So seven ticks spread here as well. And this is where, so to put things in context, right? We're buying it here to put this spread in play, right? We're buying it at 2.31 on the bullish side. We're selling it at 2.29 on the bearish side. But look at the market maker. The market maker gets to buy it at 2.3003, and they get to sell it at 2.297. So they're paying $6 for this spread, and we're paying $21 for this dual-option spread. Does that make sense? It not only makes sense, but I really like the, just, that's amazing, man, when you, I mean, because percentage-wise, you're in a bad situation. You better make sure that you're keenly aware that it's a beneficial trade to be buying volatility here. Because when I see the market maker, and they need this big of a spread to make money, because if they didn't, they would close the gap here. So they need this big of a spread to kind of correlate to their risk profiles, whatever they're doing. And here you are paying seven ticks on both sides of the market. You're paying us four times more than them, right? Yeah, six to 21. Well, really, it's three and a half, right? But it's on both sides, and you might have to pay it when you get out. That's the thing you have to consider as well, right? But sometimes these spread just line up weird. That's the 11 a.m., let's see how they line up on the noon. All right, jump in here. So noons, because we've gotten some action, I guess, they do not have 230 as a price point. Let's see, oh no, sorry, that was the 230s. That makes more sense. I was like, come on. So here's our noons, okay? And again, I can already see it. There's your bid offers, okay? Seven ticks across the board. Seven ticks across the board, right? Now, what's interesting here is that you have seven ticks on the ones that are just premium, okay? And I'm gonna pull these up. But if you want the one that's a straight future play, that's when they're willing to give you a tighter bid offer spread. Okay, this one goes from 220 to 240. We're sitting right in the middle of it. This is a straight futures play, and that's why it's a little bit tighter. But when they're talking about it- And it's 220, oh, it's a lot tighter. Yeah, right. Right, I mean, you can see it's three ticks now. And that's where, but when you get into the one that's right at 230, they're willing, like the 230 up to 250. You gotta buy it at 23012. They're buying it all day at 2305, 2305. Just something to be aware of, man. Because if you trade it all the time, boy, that's a lot of money to make up. Because these are the pros. These are the market makers. If they thought that they could make money, they'd be the person, they'd tick it up and the bid would be 2306, right? And the next market maker would say, geez, you know what, 2305, 2306, I'll be in there at 2307. There's still a four tick bid offer spread, but they don't, they need seven ticks bid offer spread right now because they're probably trying to quantify that risk, man. And it's in the natural gas market, as we know. But still, if you're really looking for volatility though, not the end of the world in terms of, there's your bullish spread. You're paying about $12 per contract. You're gonna be paying basically the same thing on the Noon's on the bearer side. So you're looking at about $24 or 2.4 pennies. Okay. Yeah, 2.5 pennies, right? But again, just to drive it through, so we're paying 2.5 pennies to basically have a double leg spread, volatility upward and down, but here the market makers are buying it at 2304 and selling it at 292.2. So they're paying like a penny to 1.1 pennies. That's all they're willing to pay because they could move that. So that's all they're willing to pay for the volatility and you're paying more than double what they're paying for that trade. So let's look at Bloomberg and what is the whisper number here? Okay, let's see where we're coming in. We got a few minutes though, right? We do. Here we go, natural gas. Okay, so looking for a draw down, whisper numbers minus 74, surveys minus 77. We're gonna go minus 89, okay? Maybe they're using that natural gas as the country's had a little bit of cold down here. We've gotten some cool temperatures, man. We wake up in the 60s every morning now, which is not the norm has been for a while, but the whisper and survey, both of them, above a decline of about 74 BCF. Pretty wild. Yeah, yeah. So NG active contract, okay, so 229. That's what, so even though it's the delayed contract, look at this has been nasty, oh my God. We looked at this yesterday too, and we're going through oil. Yeah. Except for nothing, man. Yeah. Hey, we'll see where it shakes out. That's telling me that we're gonna go back down town again. Oh my God. And that's probably why you have these market makers saying that we're not gonna give you a defined risk trade where you're putting up 10 bucks to make 190 unless we're getting quite a spread from the bid offer there to make a profitable trade in the long term. Pretty wild. Yeah. Amazing. So let's go over to the 30 quick because what you're gonna see out here today, folks, is that we're testing that high volume low and I suspect we're gonna have high volume again. Yeah, we are because we're at 234,000 contracts already. So the number, 244,000, so the number you're gonna keep your eye on today in the 30 years, 157 or six. We're broken it, 157, 156, 25, and then the 10, T-Y-H-0. Man, there's so many moving pots because you can make the case that the way the Fed is so dovish that it's like, okay, man. Now the 10 is broken this pretty well, 128, 21. We went to 128, 14, they're laying at 128, 17. But I believe the volume is still gonna be light because I think we're at the 3.7 million. And it's interesting we have Christine Lagarde first press conference for the ECB today, which obviously plays into bonds sometimes. You know, there's stimulus. And then in the UK election, so I was wondering why there's no news on it. You can't talk about it, that's the law. Stay right there, folks, tell me how to come right back. The TFNN Tiger Dollar holiday sale is back. For two weeks only, we're offering the largest bonuses of the year on all Tiger Dollar purchases. 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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. 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. The Art of Timing the Trade Charts So, EIA says natural gas stockpiles fell 73 BCF and they were looking for what? Medium was what, 77? The analysts were... Pretty close. The median analyst estimate was minus 77. Looks like the Bloomberg survey came in at minus 74. So even a little bit below that in terms of the draw, we'll jump back over to the chart. We'll see how that contract is reacting. And on that news, pretty muted response, 229-2. So we got about eight ticks of movement on that contract out of the gate. Pretty close to in line with estimates. So maybe we won't see too large of a reaction. But boy, oh boy, this contract, man, it moves quickly. 2 a.m., we're trading at 225, five pennies and a heartbeat. So again, that kind of explains why the market maker's there. Demanding some spread and you can move five pennies. And both legs of that spread was only costing us about two and a half pennies, right? Yes. So it was just keeping in mind though, the bid offer because looking here to hear the spread still, right? And you want to get out of it, there's still a seven tick spread. So you're paying two sides of it. And the market maker's benefiting both sides of it. They're staying at a seven tick spread. That's a lot of a spread to pay for folks in... Particularly after it is two, right? It's both of them, right? I mean, the way you want to think about a trade is you want to think about a trade, can I make this trade a thousand times and be profitable, right? You don't want to say anything can happen one day and I can be profitable. When I do this trade a thousand times and it's profitable, are you going to make that trade a thousand times and you're going to pay the bid offer spread a thousand times on both sides of it and you're going to be right enough times to outsmart what the market is pricing into it? It's almost impossible with that spread. I'm not sure on that one. I'm really not. You have to have some pretty strong convictions one way or the other. You would, yeah. I mean, in a monster way. I agree, I agree. In a monster way, yeah. So let's go take a look at the dollar. So the dollar yesterday, you had the tweet, no doubt, took over everything today. You know, if we look at the Fed yesterday, bottom line is that, you know, the... It was a cool press conference to listen to it. I listened to it and he was pretty dove as she was saying, you know? What would it take for inflation to be there? He wants to see dramatic things happen for that to take place in his mind. Well, that question that you're talking about, that answer is, yeah, and we may let it run a little. Yeah. That as soon as that was like, okay. And guess what? They've been trying to get inflation going and they know it hasn't happened. So if he needs something substantial to show up in the form of inflation, right? We might be waiting a while for that. I agree. And the market likes the fact that they're gonna wait for that. We've been waiting for 15 years now. I agree. That's why I was like, man, that is a strong statement to say we really need to see inflation before we're gonna move with more hikes. Right. Oh geez, we might be waiting. What I would have loved to see him get into are one of the analyst news folks ask him. Because when he said that, he also brought into the aspect that there's deflationary pressures out there. And I would have loved to know what he thinks those are. Do you know what I mean? Is it technology that's going so fast that our production level's going up, that prices are going down? What is that? Like a few years ago, it seemed it's very evident. Do you know what I mean? Prices kept coming down because everything's coming in from China on a continual basis. Things have kind of flattened out in that aspect. So what is the deflationary forces that are basically keeping prices low? What I like to do. The highest energy, right? There's a lot. There's a lot, right? I mean, the Amazons of the world, man, for sure, technologies of the world. He also said wage growth. He wants to see some wage growth, which we haven't seen for a long time. It'd be great if we start seeing some wage growth. Because we have 3.5% unemployment, but I feel like it's constantly a gig economy. No benefits, no retirement, no 401K, no health insurance. And meanwhile, of course you can go out there and sign up to be a gig economy. I'm at the supermarket. I see people going through the aisles doing supermarket delivery. Whether picking out the items to go deliver them for some type of a gig economy. So the jobs are out there. I would love to see some wage growth just for average Americans out there. So hopefully that does happen. And then we can get a little interest rate. It ups the cash flow for everyone, folks. That's how basically, there's more cash in the economy. Yeah, you're paying higher prices, but the bottom line is as long as that cash keeps getting circulated, well, guess what? You can do more. No, I just, we keep hearing about the unemployment. It's a great number because jobs are jobs, no matter what, right? But it's not comparable. I would say lowest unemployment in 50 years because you match a job up in 2019 to a job up in, you know, 1975, 1965, man, you had a real job with a pension. Just take me, 1970, get out of the service, right? You know, now this is what's so wild, folks, okay? But you know, you could make, we're still talking there that yeah, you're only making maybe $125 a 150 a week, but that was a fortune compared to making five or 600 now. And you might have a nice pension when you retire, right? Oh, you could, listen, all my friends told me, does the city jobs, the city jobs in 1977, city of Boston, they're paying $125, $140. They, all of those, if not, well, if they saved, they're almost all millionaires because what ended up happening is that over the course of that 20, 30 years, it got that dramatic, you know what I mean? That, you know, by inflation or everything else, those jobs end up being, you can make the case better than 80% of the jobs that were out there because it was just putting your time in, you never thought you were going to get rich, but guess what, I still have some of my friends, they won't tweak me for about another month, but they'll all be down here, I'll be, what are you doing? Oh, I'm getting two pensions. So to bring it back to the tweet, so we'll see what happens, Ann, I'm kind of surprised, you know, and they're talking about it on the den, you know, could this just, you know, there's reports already, like is the tweet just another boost here from the market, man? It's, we're coming into election season. Where's the facts of everything? And so that's where- Listen, man, I figure they bought a bunch of calls. There's very little facts. We're getting very close to a big deal. Who was in the office and bought a bunch of calls? We're getting very close to a big deal. That's all it says. So we haven't brought up the actual tweet yet, so people just see it. You know what I mean? It's, of course, it's something. That's the president, okay? It's definitely something. He can move the markets. But pay attention to the history the president has. I mean, just, we're going back like months ago that we were two weeks out from a deal, all they had to do was cross the T's. That was in May. That was a big one, man. Yeah, so. There's no doubt. We'll see what happens, man. But the market, okay, so far. It's gotta be a decision on the aspect of, like this weekend, and what is a big deal? You know, that's the other side of it. That's how this thing shakes out. I agree. And it's gonna get intriguing watching the, you want to watch the note bond market today in this dollar, folks, because the note and bond market, no doubt it's taking a hammer in, but I can see it. It's already coming back. If we go over to this, they stopped buying these bonds again, man. Let me tell you something. You get another rejection. What would end up happening is that because of the volume inside the 10, you'd probably get another test. But if we get a rejection out here today of the 128, 23, which, you know, you're only five ticks away from it right now. And that'd be serious business, man. That'd be saying that the biggest amount of money is saying, guess what? I don't think we're gonna have what Trump just tweeted out and notes and bonds, you know, have been, I'd say the most consistent as to interest rate structures in general. I mean, because it's like, you know, I don't care if you go back five years, 10 years, everyone's saying like, how can this be? Well, you know, I agree. But guess what? When the whole world keeps buying notes and bonds. That's saying that there's so much cash that's running around. It's pretty amazing. Let's check back on natural gas real quick as we come into this break. Pull up the contract. Little bit of a drop. Always intriguing. That's why I go back to it. I know it takes a few minutes sometimes. So we're down about three pennies from that price on a pretty much in line with number EIA of a drop. Energy, we have so much energy. Who would ever think that? Cheap prices, natural gas, man. Dow, Dow Industries up 256. We get the NASDAQ up 80 S&Ps up 28. Come right back. 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That's TFNN.com and hit watch Tiger TV for the latest market information. 226 Nasdaq sub 74, S&P's are up 26. And folks as you come over to our website at TFNN, you are gonna see right under featured content. Tom has started a morning micro report. That's a couple of weeks ago now, right? Yeah. He has a morning micro report in the morning that gives you an update of what's gone on overnight, what's happening today. And then at the end of the day, you're doing a recap, right? That's right, man. So today, lots going on in the market in terms of, we haven't even talked about it. Weekly jobless claims, more than a two year high, 252,000 for the weekend to December 7th. Highest reading since September of 2017. It's just so much going on, right? You of course have the UK election going on. Their polls closed at 10 o'clock in the UK, 5 p.m. Eastern time here. You'll start getting results that'll come in on that. And then lots of action going on in terms of Apple. We talked about the iPhone. You had Lulu Lemon with their earnings last night. You click here, you can check it out. We'll head on over to that morning market report as it loads. I went over some of the headlines there. You have Christine Lagarde speaking at the ECB, right? I mean, the stories just keep adding up. There's your action on Apple before we got the tweet this morning. Right. Down about $3. I include a couple of charts. Delta Airlines partnering with Wheels Up, creating one of the world's largest fleets of private aircraft. So once it's approved, which is expected in early next year, Wheels Up will have a fleet of 190 planes with more than 8,000 customers. You can see the pop on Delta up about 2% on that news. Not sure how it's reacting yet. Lulu Lemon, of course, last night after the bell. Man, you talk about high expectations. Their numbers were pretty great across the board. Really? Same store sales up 17% during the latest period. But guess what, man, Lulu Lemon, I think their shares have almost doubled this year. So you better be doing big things if you want 100% return on what you're doing. But the worry there was about the forward look, and they expect 210 to 213 earning per share. Market had been looking for at least 213. They're kind of blaming that on the shortened holiday season between Thanksgiving and Christmas. Six days, evidently. But guess what? The analysts that were pegging 213, they were aware that there's less days. So you don't get to just say that guess what, it's tough. Lulu shares really traded down hard to 215 and rebounded a bit. And then GE got an upgrade as well. Man, GE's getting some action. I saw them on the top of the most traded stocks over there getting an upgrade to buy from hold at UBS. And then of course, we just got charts in there. Yeah, you know what I mean. That's awesome. We got a 3,142. The world changed a lot since I put this out, man. But yeah, you put it, I got an S&P chart as gold changed a lot, man. I think I put this up in between 9,930 right ahead of the opening bell this morning. And by 9,35, it was old information somewhat. But I'm always putting these up there. So check it out. And then I even include usually that 9 a.m. update in there as well. And what else do we have going on the front page? We got time dollars. We do this a couple of times a year. This one here is double the bonuses. So that's on the same page, folks, featured content. You have till the December 22nd, right? That's a week from tomorrow, a week from Friday, a week from tomorrow. A week from Sunday. We'll get that. A week from Sunday. It's gonna take 20 seconds. He's speeding, tell him to take a deep breath first. Tomorrow, Sunday, Friday, Sunday. I haven't shopped yet, man. Well, we know that's the usual for you. Yeah. But Sunday, December 22nd, it's Thursday. So about a week longer, running for two weeks through Sunday, December 22nd, you can get up to a 40% bonus on whatever you spend on Tiger Dollars. Tiger Dollars never expire, can be used for any TF&N newsletter, product, service, software. And if you're a current subscriber, it's so easy to do. Get over here, purchase your Tiger Dollars. You apply them right to your account. Once you buy Tiger Dollars once, current subscriber, you're never gonna wanna pay for something without using Tiger Dollars again. Cause it's an automatic savings. You apply it right to your account, automatically used for any forward transaction going forward. And if you're thinking about signing up, trying a newsletter, I encourage you to get those Tiger Dollars. They never expire. And you can get a 20%, a 30% or a 40% bonus up to 600 additional Tiger Dollars on what you spend there through next week only. Check it out. Let's go to Lou and Spokane, Washington. Morning, Lou, how you doing? Hey, Tom and Tommy. Morning, Lou. Doing good, doing good out here. Good. You know, you guys are talking about unemployment and the CPI. And inflation and general. Yes, yeah. Both of those indexes have been rigged. Heavily rigged. Allen Greenspan rigged the CPI in the 90s when they figured out that the retired people, if they kept getting the real index of inflation, was gonna break the government. So that was the first one. And then they came through in the last few years with several other rigs. The CPI is designed to show no inflation. Well, I believe- Designed to. And what you're saying, like, does the CPI, is that what excludes food and energy inside the CPI? That's right, that's right, Tom. Right, right. And it also, here's the one. They got what's called a quality improvement index. If the price of a new car doubles, how much does the CPI go up? Yeah, no, I understand. It might go up zero because they say if the quality of that new car is equal to the inflation, which has doubled, there's no inflation. Yeah, no, I'll tell you though, I kind of liked that deal. I remember going back, I interviewed, I wish I could remember who it was. This is like 15 years ago. And this guy was making the case, I think it was the head marketer, he was one point the head marketer of Coca-Cola. And I had him on a few times and he was explaining that, listen, you have to take into consideration our quality of life that's going up costing less money. Meaning that, and he was talking about, you bring it back 30 or 40 years ago, that what the quality of his risk with their paying that, that, in context, you know what I mean? It's like, okay, there are certain things that I think are there. The food and energy, I don't get. Yeah, that's right, Tom. But look at it on the other hand, 40 years ago, when you and I had a car, we could go in and fix that car. If we got laid off on our job, we could fix that car up so we could improve its quality, we could double it. No, I'm sure you could, I couldn't use my test without anything on a car. That was overhead sixes, man. I remember the Ford F-10 we had, the red truck, right? This was one of the coolest cars we ever had. Classic little red pickup. Yeah, and it had that little six cylinder and it's an overhead, I mean, I didn't know anything, I still don't know anything about cars, but that looked to me like that was one of the easiest things to fix. There's no doubt. You know what you're doing. You could fix everything, you could look at it. I had a car and you opened that hood up and there was nothing in there. There was mostly space, right? Exactly. Oh, here's the carburetor, here's the distributor, here's this, here's that. And you don't have to know much, you could go in and work on it. Yeah, there's no more space now. No, no more space now. And there's no more carburetor either, Tom. So what do they use now? How does that work? Oh, it's all electronic and computers. Okay, okay, wow. So you know, that's a huge negative for anybody with time on his hands, like somebody that's got laid off, somebody with time on his hands and has a car that's not running too well. Oh yeah, listen, man, I mean, hey, you know, it's really crazy though. What I kind of understand is that how O'Reilly Automotive and, you know, Autobots can still run under 54% margin. That's like insanity. You have a great one, a safe one, great speaker with you, Lou. Okay, you too, guys. Stay right there, folks. Tommy and I are coming right back. The hour's up to 10, Nasdaq's up 65, S&P's up 24. Come 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. 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Since 1984, Basil 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, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil 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, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now, you can get a two week free trial to the opening call, Basil's daily trading newsletter by visiting the front page of tfnn.com. Cancel it anytime during that trial and pay absolutely nothing. Get your two week free trial and Basil's newsletter, 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. Welcome back folks. That was up 230, Nasdaq's up 71, S&P's are up 26. Let's go over and take a look at the Freeport Mac Moran. And this is, you know, COP has been on the run folks. This is a big copper, gold, as well as oil equity. And I know you guys got this in the gold report. Quick plug for that. Link's on the front page. Check it out folks, gold report. This is- It's a good trade in there for sure, man. Look at that thing. This is going right after the higher swing. Your higher swing, 1467. Yeah. So we got an email from one of the tigers saying, take a look. You own it for a couple of years. Thinks it can hit 14. That's quite a trend, man, if copper persists. You have. So right now, this is gonna be a confirmed ABC up. In fact, it already is. We just got the volume and we got one day left. So your B point is 1186. Okay. Your A is 843. So it's almost three bucks, right? Yeah. It's more than three. It's 340, about. Okay, so that gets you- About 14 bucks. There you go. And, you know, this is on a weekly. It's already taken it out with volume and that, you know, the swing's hanging up here at 1467. And then if you go over with a confirmation on this, what you're gonna see is SCCO also has been on the run. This is a copper run, man. This is, you know, you're fought it all in 76 cents. Oh, this is, this is cool, man. That's the same date, you know? We bring this back. 42, 42, either way. 42, 42, so that's what's going after two. Okay. And I'm just gonna jump back real quick to natural gas. We'll finish it up as we come into the close here because boy, oh boy, this contract can move. Where are we at? Okay. All right, 227. So two and a half pennies. That about would have been breakeven on that volatility trade. But you can see the market maker would have questioned, man. They would have been paying six ticks to make 25. You paid 25 to breakeven. Yeah. Stay right there, folks. We got Think of Swim coming up next. And we got our mam, Mr. Basil Chapman, Steve Rhodes, Dave White. We'll be back this afternoon. You can expect this volatility, folks, to continue out here today. And UK Brexit tonight. The polls close 10 p.m. their time, 5 p.m. Eastern time. We'll start getting those results. Thanks, man. Yeah, don't get up, folks.