 The following is a presentation of TFNN the TFNN Bull Bear Training 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 Training Hour now Tom and Tommy O'Brien welcome folks appreciate you we have the now industry is up 53 Nasik down one S&Ps off one gold contract down three dollars and ten cents trading at 1347 an ounce we have silver off four cents 14 dollars 95 cents an ounce light sweet crude down 39 cents 53 dollars 51 cents a barrel now we'll get the EIA today that's right half hour from right now yeah and you know oil caught a little bid yesterday sure it didn't have the juice behind of the volume but caught the bid notes and bonds tenure note down 96 120 706 30 a bond off 19 at 154 13 hours certainly notes and bonds folks they get over their highs and they had volume okay so coming up to this two o'clock statement with the 230 news conference volatility in spades King dollar King dollar down 126 trading 9702 the euros trading at a price point of 112 to one US dollar the yen is that one eight and a half and the pound is that 126 and a half let's go over to our man Mr. Kevin Hicks from TD Ameritrade think a swim as we do every Tuesday Wednesday and Thursday and don't forget folks Kevin's got an outstanding show here every trading day 11 to 12 Eastern standard time you want to understand option option strategies futures all the above great program if you haven't test driven yet the think a swim platform really easy to do right on our website just hit that banner bring it up bottom line there's a filter inside that it's going to just tell you which way that the interest rates are going to go I better pull it up right now that joking joking yeah before that Kevin Hicks what's going on good morning Tom good morning Tommy yeah that's right we don't have the answers to the test yet but no we're certainly gonna talk about it a lot today it's gonna be a study session man you know and you know yesterday folks you know they had Mario Draghi I mean he sent the markets right across the world higher so yeah he didn't you know the real question is gonna be does he do it again today does he come up with something else today and it's gonna be powerful right you know yeah I mean by the end of today guys we're gonna be breaking down wait was that a semi colon or colon he used in that sense I mean they're gonna be never in Jerome Powell's life as he gonna get each word dissected oh my god and the inflation on his voice dissected by the media on what he means I still don't think he's gonna raise rates frankly but I think he'll guide I don't know but I don't think he'll raise today it's still a very low probability bet right right now you mean cut rates right you know I say that I'm sorry I've been saying it for nine straight quarters and now I can't yeah I do it every day it's almost an all-time highs you know we're cut yeah maybe we're cutting that folks the divergence here is huge just what Tommy said we're all at all-time highs I don't think I've ever seen the rate cut at all-time highs especially right cutting from memory my career have I seen a you know healthy market a healthy economy where they cut rates to get inflation higher right because frankly we've never had a health economy economy with no inflation with very low inflation so this is the first that's for sure so therefore there's a little bit of uncertainty right there's we're an uncertain for sure well you know yeah I mean had yesterday so so pitch a yes they folks and drag he came out the bottom line because he sent bonds to the moon and it was the first time that France ever went to a zero on the 10 year so this is a worldwide phenomenon this is right you know there's something that's underlying here I mean if if there's that much cash around the world and we really are in the deflationary world well it's like okay then you know that means that assets are worth money that cash is not worth anything and you better get rid of it because it's costing you money it's like there's this there's so many twists and turns like that you know Wilson when it comes out but I you know it's a hot guy and with 21 of 30 Dow stocks with a dividend yield higher than that than the 10 year yes this is where it gets kind of interesting that's why you've seen the divergence in the rates and stocks in the last few weeks because with with yields this low it makes some of these stocks look attractive look at Boeing yesterday yeah you know it didn't take much good news on the 737 max for Boeing to jump higher there's a big move there it's remarkable it's you know it there's no doubt what happened there folks is that where does she always audit 200 737 maxes I mean right and that that is a it's a big number you know and let's think about a little more Tom if stocks are forward-looking right and we're now six months away from the end of the year when Boeing and a lot of the you know the government thinks that these plans are gonna be back in the air you know the earliest is August but the very latest is the end of the year so that's what I think people are starting to plan for and that's why I think you saw the stock you know two big days in Boeing with the biggest being yesterday I think people are starting to plan for this crisis like like you would expect to eventually dissipate yeah no there's no doubt I mean because there's 4,000 planes right now on order I mean those numbers are hard to even comprehend when you shot right you know I mean totally the real question is gonna be is that what are they who's gonna be the first ones on it and right we know we suspect at this time I mean born came out the thinking it's gonna be their own employees and think about this Tom what happens if they come out and say this plane's not only airworthy it's better now right I mean we've made improvements to it that make it safer you wouldn't say I'm just as good as everybody else right I mean why not right that's I mean airbus is probably taking advantage of this but I think this is gonna be long term one of the more popular planes ever sold so they've got a little glitch and it sounds like they're working on it it sounds like they're a week away from doing some test flights and you you know the answer is in the stock right that's where all the information winds up and and this doc has jumped the last two days I would have left to be in the negotiation for that order because yes you had to know if you're British Airways that you're not throwing them a bone right I've been saying listen if you want us to order 200 of these 737 maxes once you cut that price down a little bit or Tommy something like this this headline that we're giving you today that should put me at the front of the queue exactly you know you got to get some pound of flesh for that yes that was that was oh for sure no I agree I'm startled that they actually bought 200 of those planes with everything going on so they knew there'd be a headline for sure and you know what they could be a site so picture you know England that's with the closest allies anyway right so it right you can see how you can get a deal done they might be something off to the side there's certainly a negotiation like you're talking about like we'll find out what the real price is sure but you know what none of it matters because trust wise is like okay they're buying two or they must think like you're saying Kevin it's gonna be a bit remember they may be giving Boeing may be giving these companies more information than that than they're releasing publicly safety of these planes or they are the status I hope so for British Airways yeah that's quite investment on a plane right yeah yes folks right here 45 minutes now gonna be an outstanding program of course big day oh big day big day in the marketplace Kevin you have a great one a safe one we look forward to the program buckle up today guys have a good one hold on for the ride oh boy stay right there folks Tommy and I come right back the end of that out 49 that is that piece of one the Taz profile scanner is the most revolutionary piece of trading software that you will ever try wouldn't you like to approach the markets with confidence as you begin your trading day it's likely that you'll be faced with lots of decisions in order to make the best decision the first thing you'll need is a strategy that will help you minimize your risks whether we're in a bull or bear market a good strategy is to have the tools needed to help you scan and analyze the markets before you trade the Taz profile scanner instantly scans and filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve Dahl president of Taz market profile the Taz profile scanner understands that in today's technological world the use of top flight software applications automated trading algorithms and technical analysis 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you look at the market and how you place trades sign up today Steve Dahl and Tom O'Brien have just announced a special webinar on June 19th for all subscribers to the Taz profile scanner Steven Tom will break down the trade matrix market breath heat grid as well as the three step process you can use with the Taz profile scanner to identify market movers and how to capitalize on that move for all the details and to get started with the Taz profile scanner today visit the front page of TFNN dot com with a 30 day money back guarantee you have nothing to risk go sign up today TFNN has launched our brand new website you can still visit us at the same TFNN dot com URL but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions we even have new pricing in six months and yearly options check out the new TFNN dot com now and experience all the upgrades TFNN dot com educating investors toll free at one eight seven seven nine two seven six six four eight internationally at seven two seven eight seven three seven six one eight our industry was up 37 you get the NASDAQ down eight SAPs are down three and a half gold let's go take a look at that gold contract so we're getting a little bit of a pop man oh yeah just got intraday highs and we get the chart up on the other screen as well 13 49 yep and there's gonna be some heavy movement I guess we're a higher pre-market maybe but that's yeah that's the high last five six hours yeah and we did volume yesterday you know so bottom line is that we're pushing highs at volume so I expect you know when this thing comes out we're gonna go higher I'm gonna get volume no matter what right yeah exactly what way it moves we're gonna get some volume exactly the Fed coming out right it's always interesting that you know they have the algorithms right looking through the statement and so yeah so it's hard to understand how those algorithms work right you have people right geniuses team of geniuses paid millions of millions of dollars by JP Morgan and so it's like but I know one of the ways they're gonna work today and they're gonna look for that one word patience that's yeah you could you could program your own algorithm yeah instantly look on that exact statement or where that word patients was is it there right is it not there right that's gonna be the first thing that everyone's looking for no doubt yeah now you know if you we look we were talking about this yesterday morning now what happened folks and this is gonna be really cool watching how this shakes out we did have the S&P as well as the NDX 100 take out a b-point take it out with volume so you get a confirmed ABC structure on the way out now that confirmed ABC structure is saying on in both cases it's gonna take it over the highs of April so the real question is gonna be here do we get you know what this is projecting okay because it's a big number man I mean your a b-point on this is 291 40 your a is 273 so it's 16 bucks right 18 bucks we'll get you up until what 303 or some real five okay so that's and then the high on that is 294 yeah now we get over to the cues and it's the same setup it's like okay man you know it is what it is and you know we'll see you know bottom line is that the B on this one is a 185 40 and your a is 169 it also it's a big one that's what 70 that's my god hold it 17 16 bucks which say 185 185 16 dollars yes and then you see is 181 94 so call it 182 182 plus 16 198 and 191 is the high yeah so you're talking about a monster number sure and what that would be saying I would suspect is that we're gonna like get a shock that this is gonna actually be more dovish than we even expected you know so and now that's the one side of it the other side of it would be do you go up and test these highs and you're gonna blow off high okay yeah and it's we're gonna know soon we are we're gonna know soon three hours and 40 minutes yeah yeah oil we're gonna oil and nine minutes nine minutes so 10 21 right now we get inventory numbers for crude EIA 10 30 every Wednesday we got the crew contract up here we're looking at the August contract quite a little pullback right at nine o'clock not sure what happened but nine o'clock we saw we're trying to 54 14 trade down about 50 60 cents 53 50 we're sitting down there you can see where we were though man you say you know we talked about it quite a run yesterday yeah from 6 a.m. you're trading a 51 87 and we made it up to 54 58 almost three dollars man to the upside so oil has had some volatility for a while let's jump in and see where we're at on some of these options so we get into commodities we'll go into crude and let's see where the 11 a.m. line up so the contract's trading 53 66 the quick bummer right away is I know these are gonna line up on the quarter as in 50 cents 75 so we're not gonna have a price that's gonna peg things even ideally 53 66 so 53 50 we could use for our 11 a.m.s would have a 17 cent head start to the upside okay it's a little bit of a bearish excuse me bullish trade the bullish trade the one with all the intrinsic value which is 16 to 17 cents of that and 29 dollars it's going to cost you on the bullish one alone and then on the bearish one it's going to be much cheaper because you're about 17 ticks out of the money so they're going to 13 you're looking at 42 bucks for the 11 a little bit more expensive than usual yeah that's because you're so much you're almost 20 cents away from you know your price exposure on the bullish and the bearish now let's just see if we can find one maybe with 53 75 because would be about six ticks away as opposed noon whoops I'm clicking on the goal close that the noon for crude 53 50 going to be an identical trade let's just jump to the dailies with one extra hour of course okay and we could have 54 if we wanted that'd be a little bit different if we wanted a little bit of bearish intrinsic value you'd have about 30 cents there and the same on the dailies so let's just set up the noons if uh to compare to these 11's 53 50 there's our 11 a.m there's our noon now what's interesting here is you know let's just say you were looking for the trend to continue that we had yesterday in terms of that huge bullish run right yeah not a bad trade when you look at just this bullish side now you're getting into 53 82 your losses stopped at 53 50 for this risk reward which is basically risking one to make four risk and 30 to make 120 right it's $150 in the total pie you're risking 30 to make 120 and for that type of risk reward you're paying 10 cents over market not bad no not bad at all not when you have oil coming in six minutes now you're paying that for the 11's and if you want to look what are they going to charge you they're going to charge you uh 18 cents above market we're now instead of risking 30 to make 20 you're risking 40 to make 110 you're risking one to make a little bit less than three right you're risking one to make 2.8 right um can we i don't mean to you know go ahead where we're going i want to put that whisper number okay so i want to put a bill oh no uh put a bill of like 250 000 barrels even though they're looking for a draw down all right we got 50 and saying 250 yeah perfect thank you okay perfect we're in there how about gas gas gas the build a million yeah with four seconds left we get a bit in good okay and let's pull these over as we just to show what uh so there's the gas build the whisper number they're looking for a build of somewhere between 800 000 and a million barrels for gas crude on the flip side um that's the one looking for oh okay do that i forget what uh we'll pull pull that up i think that wasn't a client what did you do that wasn't a client yeah now the survey number and the whisper number differ okay that's right and they take the survey number off uh i think red is oh no sorry there's there it is crude yeah that's i was clicking on the cushion okay um yeah so they're looking for a decline of between 800 000 and 1.2 depending on and last night the api was a drawer of 642 i think okay 642 000 yeah and let's just see what uh they do some good commentary analysis ahead of this um the what to watch for i like it all right these crude builds are unrelenting we've seen a pretty pretty steady rise in crude inventory since march surpassing the five-year average no slowdown in sight so we'll see if that rise continues gulf coast refinery runs are still being held back by outages mostly planned seasonally rates are currently at the lowest levels in recent years but still above the five-year average those are refineries man they're a big story as we watch these every week um our refiners coming passionably late to their own party and uh so pad five west coast stockpiles san francisco car bob has reached positive to level differentials and this stuff gets a little technical uh so let's see gasoline demand almost reached the 10 million barrels per day mark and the week ending june 7th falling 123 000 short so talking about demand there all right we'll see they get a lot there we'll find out in three minutes stay right there folks tommy and i come right back our phone number is 877 9276648 we have the vau industrials right now trading up 36 nasaq is down seven s&p's are off three and a half tommy and i come right back hi folks tommo brian here if you like to get my daily newslet of 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 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timing the trade charts allows you to scan thousands of stocks for fibonacci formation setups including abc's 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 and right now we're offering licenses available at only seventy nine dollars 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 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 monster out here gas prices going up at the holy cow crude oil inventories falling three plus million barrels three point one one gas inventory is falling 1.69 million barrels checking over to the chart and there's your pop man we didn't even take a peek you know it's going up when the when the it's that far off from consensus shouldn't say no better or something and we just got a 50 uh 60 cent spike in the span of a heartbeat and we're going higher man so what is the high that we had basically you're looking at about 54 57 we're going to be there in about three seconds man um quite a pop on that number that we just had and i mean the the cool thing here is that these trades we're taking a look at they had that bullish head start right and that's why you know it's nice that and you know right now the 11 man you could close that out for and get 80 bucks off the top and you were putting up 30 bucks right so you're the 50 50 profit you're talking about 160 percent profit you closed out in a split second um just if you were going the bullish side alone um not bad and it like we said not stopping man that is quite a run let's see if they break down they still don't have the full breakdown we'll check back but man oil is going to rock and roll let's see that that did anything to the market in general so you got uh you know let me pull it but it hasn't hit the s&p that screen's a little funky there we go we'll pull up uh the x l e let's see if that moved i guess that might move a little yeah it should yeah there we go yeah you got 27 cents that's in juice yesterday yeah so we did 17 million took out the swing here of nine yeah the thing wants to go up to his gap the closing the gap is what 63 31 here at 62 63 take a look at x on nope yeah up six cents that's still weak it's pretty amazing chevron chevron's strong chevron's definitely stronger yeah 123 42 well there we go man not stopping pretty remarkable so this five minute bar we're looking at 53 67 80 cent bar right now and climbing and uh like i said we're now about 10 pennies away from that high and that's a decent high that we put in yesterday well it better be able to get that high so that'd be interesting here let's let's go take a look at that because when you get a bill that that's big you know now uh this is delayed yeah so let's see yesterday was 54 31 we're definitely over that right i think i believe so the sweet spike high is 54 84 i just want to make sure we're looking at the same contract we're not yet see we're looking at august here and we get the june up here this is so c l june no that's september let's just try maybe if you just go active in my case yeah the act is still the end i think yeah well yeah yeah yeah we can pull it up yeah the c l i don't know what august is uh well september is not gonna help that's all right 53 81 i just wanted to pull up i think they will probably have that full breakdown of everything going on oh where's that there it is okay so we have the crude decline of 3.1 million barrels gasoline quite a missus well a decline of 1.6 the estimate had been a rise of a million distillates decline of 500 rise of 800 was the expectation uh check out the pad 3 crude man minus 5.8 i think it might have been last week where the the entire value of everything was kind of a pad 3 builder or draw i forget um refinery utilization up point 7 the estimate was 0.3 so maybe coming back online a little more than they'd expected and then they have crude inputs up 200 000 barrels a day crude imports down for 144 000 barrels a day in production down 100 000 as well boy this is they're monster numbers when you start talking about in the day right you're up 100 000 day down 100 000 a day when you think about the amount of cars on the road man you know isn't your drive to work every single car is plowing through gas right it's just staggering the amount of oil we use oh it is it is you know i remember when they were putting like a 7-11 on every single corner and then you know it turns from gas stations to you know stations you could buy everything at yeah and that that just hasn't stopped no you know i mean that just keeps getting bigger and bigger and bigger i mean tesla's tesla's doing their best to stop it but not not yet and as you said so we made it to 54 50 but that high was 54 57 54 56 let's see where it is 54 58 it looks like was the actual high so we'll we'll see this might not be done climb exactly little two minute breather before it makes this next leg up yeah there's that's these moving parts out here dollar wise this dollar what's going to be interesting here folks is that when we come out when the fed comes out you know with their statement the real question is the dollar pushed higher again yesterday it had volume behind the move and it's like okay man you want to go hit that high you know you got the shot to do it so we'll see how that you know yesterday we did 23 000 contracts you know you had the monster day last week 35 000 it's like that spike high just laying there you know so and when i had uh rob mcqueen on yesterday uh yeah he was talking about that the i was asking him specifically because you know i remember so well all of us not just rob mcqueen that is like gold's going high because the good dollar was going low because i had deficits well what had happened is that that didn't happen number one but what has happened like he was saying he's saying that gold is higher in 68 currencies okay you know around the world except the dollar okay except the dollar so that's kind of intriguing just in general sure if you can check out the uh interview yesterday right on the youtube page or right in the archives at tfnn but head on over to a youtube page that interview up there a nice nine minute interview you guys did uh and as we say it man speaking of our page i know you and steve doll tonight right yes taz profile scan five to six p.m eastern standard time that's right so steve and yourself you're going to be in there at five o'clock p.m eastern right following your program for an hour i encourage everyone man go over there we're about to come into a break in about a minute and a half you get three minutes you'll be signed up for the scanner you'll have that email you'll be up and running and you'll uh you'll be charging forward and ready for this webinar tonight um and i'm excited for man steve's gonna do a great job just walking through how we use that scanner how we scan of the market the power that it has you can subscribe to that 97 dollars a month folks you got 30 day money back guarantee if you're unsatisfied let us know we'll refund that and uh come on over check it out man steve doll saying hello to everyone over there he's excited for that webinar there he is man perfect he's great man yeah totally totally the uh so let's go over take a look at the a few of the big dogs with amazon right now right next to its high down 267 that high there is 1964 i can be like an about a heartbeat yeah the uh google different ball game okay it got to 2000 before right did it get to 2000 no is that the all-time high for some reason i had in my head i might be thinking of apple with 200 yeah i guess no no yeah it did back there that's what i thought 2050 okay look at that i knew amazon had 2000 in it at some point september that's a year ago wow man yeah that's pretty intense so this is interesting that you know nine months to be fair don't fast forward i know you love you know i said we got three more months for a full year there so you got 20 million up there pretty close to those eyes i mean it could amazon could be up there on the heartbeat i mean you're gonna talk about like seven percent from those eyes yeah stay right there folks tell me that i come right back we have the adult industrials right now of 38 nasik is down eight sps off three and a half gold down three bucks silver off five cents 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 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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 principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight 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 it's up to 29 nazis down 11 s&p's are down five and a half let's go to our mammoth to teddy cakes that as we do each and every wednesday at faulty past the hour you can reach teddy every trading day folks at forex-trading-unlocked.com that's forex-trading-unlocked.com teddy cakes that what's going on brother it's an fomc day today that's what's going on i'm telling you are only on in the best days man yeah right it's so true i mean it's like you know it just seems that on these wednesdays that's when you know i mean we're looking for movement and currencies and there's no doubt that dollars hanging up there right yeah and as the market turns right i think everyone's got to look at the dollar index right now yes yes so what do you think well here's what i think i think that uh until the fed meeting is done today at 115 i think it's gonna be kind of a quiet trade at least that's what i think but you know what's kind of crazy is the major currency crosses they're not paying attention to that they must be oblivious to a fed meeting so um the dollar index pressed higher again today and it's come off its highs and uh your major is like the pound dollar that set a low yesterday it's very strong this morning going into like once our markets opened up and that's a rarity usually when you get a currency move like this it starts before our markets open they were actually kind of quiet and so we started opening up around here i say so i think that um we're gonna see possibly a turn in the dollar right now a short-term sell-off because everything's factored in i mean honestly unless um the fomc meeting today they come out and actually cut rates which that today is not the day they're gonna do it that would be a shocker you know that would obviously shake up the markets um yeah i don't think they're gonna change their tone either guys i think you guys know that right now we're pricing in at least a quarter point before the end of the year i think it's like somewhere between 65 and 85 percent depending on who's radiant um and even a two cuts before the end of the year i know yeah it's almost a 50 50 in my opinion i don't know about you guys i think that either they're aware of some things that we're not aware of it seems almost preemptive i don't know why they want to cut rates even remotely i think they should save their bullets and then you had the ecb also they came out where we know that we've talked about this before how they're going to be remaining neutral for the next year but they came out with some stuff this week that they're going to actually probably bring back some quantitative easing kind of stuff so synthetically they are going to start to cut rates over in the in the euro zone so certain things i think people need to pay attention after today um but i think there's going to be a short-term turn i think that the high is in and the dollar index for the day and maybe the next few sessions and you're probably going to see the pound dollar could as long as the dollar index doesn't rally if it breaks you're going to probably see follow-through in the pound dollar to the upside the euro us dollar probably um go to the upside um and then you have the us dollar swiss which is already the leader that's they're banging their lows right now they're actually offer right now i was looking at the chart before we came on and that they were lower earlier and i was looking at oh my gosh these guys are hammering it already you know so yeah so you know and it was so intriguing here teddy is that you know when draggy came out yesterday i mean he moved the markets right across the world and well at least you know the equity markets for sure um well he moved the he moved the pound the dollar i mean the you know the euro also right i mean so this is exactly yet the end yeah the end yeah it's just laying there huh that chart i'm telling you like i was i was looking at and talking to some people this morning they asked me about the yen and i'm like all i know is if you've been trading the yen for the past two weeks whether you're long or short you had to have gotten chewed up i can't see how right because it's still what he's telling saying folks are still laying at the exact same number and what's intriguing about that yen you know when you take a look at it is that what you're going to see in the yen folks is a spike low and i remember that day that's a real that's a real trade um that was that was a vicious little deal that happened uh what's that that january 3rd yes january 3rd that thing spiked down to 104 87 and then closed at 107 i mean that was like a sane wipeout somewhere you know right it was kind of reminiscent of when the pound tobacco back 20 years ago yes yeah that was 10 years ago 20 20 years ago 20 20 years ago i think so i think that was late 90s yeah oh my god do you remember when sorrel's made a billion and a half yeah i remember it that's what's sad it's just sad you didn't even believe it was 10 years ago no surprise it was 20 i know i'm five right oh no i'm telling you man so but yeah i think that uh your listeners who trade the currency markets or they should really watch that dollar index um now if they today's trade you guys know how it is with fomc we can see all kinds of head fakes going around yeah so after today tomorrow i would check the dollar index and see what it's doing if it's making newer highs well then that dollar bull is here and it's definitely not going anywhere going it's probably going to trend into the g20 meeting okay and that would also mean that the the markets that we talked about now like the pound dollar the euro um versus the dollar they're in rally mode right now they would collapse and make new or move lows for sure dollar index boy it's gonna be a lot of moves huh yeah big and this is i mean you know the real question is going to be going forward too are we going to actually get in a currency war right you know because yeah i think we're already in one okay okay yeah yeah okay yeah and i think the news is a little bit lagging that issue and they've been kind of like i mean economic warfare goes on no matter what all every year in and out no matter what the situations are right i mean usually it's waged by central banks and right now we have a time where central banks are actually being neutral they're off the table this is all done between the leadership of different countries because of the tariff wars and then we even have the whole brexit e you think you know so it started with that that's been lingering and now it's escalated with the u.s and china yeah man it's a lot of moving pots this is going to be while watching this you know it's wild i mean i remember you know there's always days that you're saying okay which way is this going to go but it seems like this one is a larger one because of the context that if we do have a turn that they say okay you know we've been going up as kevin hanks said four nine nine times so what's that we've been going up for like three years maybe right and then if they're going to really say that okay we're going down that's like okay now what's going to be the game booked there you know and i guess the one thing though is there's a good harmonic play going on with the dollar index because you're on the pound which are the two biggest components seem to be trading you know in tandem with the moves or you know obviously against the trend so when the dialing they're breaking conversely you know so i think for those traders that are out there trading the euro and the pound especially you can key off the dollar index your broader-based currencies to some degree i think yes you're like you're a new zealand dollar and Aussie dollar in Canada for sure the japanese yen though all i can tell you is if the dollar in gets a rally okay yeah in the index i think that you might raise the range of the Japanese US dollar yen trade a bit you know okay if there's an extended rally i don't see that the yen is going to follow that trend you know i think that's the one that's kind of landlocked towards range trading bias so i mean i trade the yen dollar trade every once in a while right now i'll tell you what with the way it looks i'm not going to look at this thing for a very long time until it's actually sets a trend and gives me a reason to eat well it's so intriguing what you're saying because like gold is still high and what i've seen is that every time that the yen gets strong at all gold stays up and maybe the yen's keeping gold up because it's like normally when the dollar is as high gold should be smoked man and it's refusing to back off man yeah yeah right there's an arb somewhere there coming up yeah there's no doubt listen folks every trading day you can check them out at trading borax dash borax dash trading dash unlock dot com teddy have a great one safe let the footage see you next week thanks teddy for the white socks we got the crosstown 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 trade 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 market timer in the nation for the s and p 500 for the last 12 six and three months timer digest also 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 mastering probability today by clicking on the newsletter tab on the homepage of tfn.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 to sign up today it's amazing to think that tom o brian started his weekly gold report 17 years ago with the first issue published april 7th 2002 when gold was trading at under $300 per ounce gold peaked at more than $1900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run tom o brian publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u h u i gdx the dollar bonds south african rand as well as 25 different mining equities with specific buy sell recommendations as of april 1st of this year the gold report currently has eight active positions with an average unrealized profit of almost eight percent for each open trade new subscribers get a 30 day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of tfn.com don't let gold's next big run pass you by sign up today since 1984 basal Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion well originally hand drawing charts from the late 1970s since in the 1980s basal noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later basal found that computer software which included the standard market technical indicators enhanced the degree of accuracy and 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 basal 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 basal's daily trading newsletter by visiting the front page of tfn.com cancel it anytime during a trial and pay absolutely nothing get your two week free trial to basal's newsletter the opening call today by visiting tfn.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 tfn.com folks i doubt does it 48 nazik down six s&p's are four markets uh just laying there a minute sure is speaking of just laying there checking back on oil just got a laying up there right to where we shot up in that first five minute bar hanging at 53 excuse me 54 37 um and again we shot up from about 53 67 so you're talking about 70 cents yeah shot up and i don't think it's made it to that spike high from well i even it hasn't made it from the spike high just as in uh last night even from what we're uh that's the one we kept looking at um 54 58 as of about 8 p.m. last night it got up to and that's after that huge run yesterday so it uh was within about eight pennies but not quite yet and we'll see what happens that day goes uh we go over to adobe adobe come out with numbers last night yeah good numbers right yeah they had the numbers this is going right into its high try to hit that uh what is that 291 70 right yes 291 70 yeah so that's 5.9 million shares we hit 289 43 and you get 3.5 so we'll probably get the shares today right especially you're pushing into it the market's gonna accelerate later the whole market could get some volume as not as the fed comes out and when you'll see this you can see yesterday too that it was pushing it went low but that actually went to a higher high and it had volume behind the move 4.25 million and that's coming into yeah it was coming to 2.9 any gap higher we'll see whether it can basically get up and over that level and you know as we come into uh that two o'clock uh time frame today three hours man 180 minutes we all find out on for the run and then the press conference should be interesting at 230 as well yeah Dave will have a good yeah program at two o'clock that power trading hour you'll be uh primed up at three plenty to talk about totally and don't forget tonight you'll be in there five o'clock five o'clock task profile scanner check it out stay right there folks to get fast market coming up next then we get our man uh basal Chapman Steve Rhodes Dave White no yeah Dave White and I'll be back thanks man yeah thank you don't get it folks