 Following is a presentation of TFNN for Trading Hour with your host, David White. Call now toll free at 1-877-927-6648 internationally at 727-445-1044. Now, David White. And welcome all to another exciting edition of the Power Trading Hour with me. You're humble, lovable, and squeezibly soft host. As always, we love to come to you at this time. The following takes place between 2 p.m. and 3 p.m. What do we have here? Well, we've got a market and it looks like there is the rumor mill of all rumor mills pushing the market higher today. We'll talk about that in a few minutes. Of course, I don't believe rumors, but man, are they pushing this hard off the TV and around Wall Street? So we'll see what it is. I'll tell you what it is in a little bit. It's basically they're selling the sizzle for tomorrow and we'll get into that. I had one short position in the short term newsletter. It was basically 20, 30 cents down on a $44 ETF. So basically flat. Got out of it. Just don't know kind of a coin flip tomorrow. I don't much believe in rumors. We had Levi Strauss come out as a new IPO. Been around forever. Not exactly sure why they needed cash. Always worry about that after a company's been around forever and doesn't really need cash. But probably the family wants to get out of it or the people that own a lot of the stock. So it does go public. But you know, is that why they're pushing this so hard today to get it up so they could get the IPO out? Is it so they can get another IPO out? And then of course, as far as I know, Washington, D.C. is a sieve. Maybe someone did tell them actually what's going to happen tomorrow. So you just never know. Anyway, volume has not been that impressive. We're just earning 4.3 billion shares. It's not bad. It's not good. Certainly not anything close to having the 10 billion or over 10 billion shares we had on Friday. That look like we get back up there if we continue to get up to the previous size on light volume. You know, I thought that the market could have had a lot farther run. We needed to pull back pull back on light volume, set up a run on heavy volume probably, you know, maybe in May or in April or something. We never did. We've just kind of stumbled up all the way. The question is, do we stumble up and test the all time highs on no volume? I mean, we're basically just one rung on the ladder below pushing higher. And maybe it's all it takes. Like I said, we'll get into that. And at least what their story is, I'm always reticent to believe it. But man, they are thumping the drum on this one today. We'll talk about that maybe in the next segment. We're going to look at the most hated stocks if this market doesn't go higher. We're going to look at the most shorted and most hated stocks of the last few days and see if there's anything in that kind of interesting also to see that no matter what anybody had to say about it. Mr. Boeing is only down three bucks. Man, you got to think generally that the wisdom of crowds is better. I didn't get into that yesterday. Maybe we'll talk about that again today, which is I've done some reading on it makes some sense. But again, I don't know a great deal more than anybody else other than I've probably spent a more time reading about it. Anyway, just down three bucks, which is less than a percent. And that happened on any other day, much less a day where everybody's telling everybody that the FBI is coming in like Ruby Ridge. You never know. But that just seems a lot of self self flagellation so far. Yeah, you can give me call 877-927-6648. You can email me at path at tfnn.com. And of course, you can always put in the den. What is pushing Apple? Well, it is that subject that I actually talked about and that is short interest. Apple has been the highest short interest stock pretty much for a while. And like I said, we'll talk about that in the next segment or in the next one after that. I want to get a little history out of the way. Then we'll get into all those things. Talk about the rumor. We'll talk about Apple. I'll probably get us into the bottom of the hour. But what we need to do is a little history before this break. And it's all just a little bit of history repeating. Oh, history doesn't actually repeat, but it does rhyme a lot. On this day in 1963, Alcatraz Prison in San Francisco Bay closes down and transfers its last prisoners at its peak period in the youths in the 1950s. The Rock or America's Devil's Island. Devil's Devil Island. Deviled is an egg, isn't it? Housed over 200 inmates at its maximum security facility. Alcatraz remains an icon of American prisons for its harsh conditions, record of being inescapable. In the, I'm going to say mid 90s, 95, 96. I ended up spending probably in total, maybe three and a half, almost four months in Silicon Valley. And I ended up renting a houseboat down on Pier 39 over looking right out at Alcatraz. Always nice. Went over there a few times, met a couple of people that had actually been in there as inmates that had written books. If you go in there now, I don't know if they still do it because I went over there so many times. I really haven't felt about or felt like going back. But they got a very interesting view of what Alcatraz was like. Universally, they all wanted to kill the bird man of Alcatraz. They said he was the worst human being. And of course, this is the worst of the worst. They said that anybody that the guards had to watch him extra closely is everybody wanted to kill him. Half the guards and all the inmates, which was kind of interesting. Also, one guy that I talked to there that had written a book about his time there with Al Capone saying that the guy was kind of out of his mind when he first showed up. And one guy trying to escape in a steam tunnel. They were going to all escape the next day. One guy went the night before, ended up getting roasted in a steam tunnel before he could escape. And that's kind of interesting to see. At least a couple of people actually came out of Alcatraz, became good members of society. One guy that I met, his name's Quinlan, actually got a pardon from Ronald Reagan in 1986. He became a radiologist and worked about 35 years and then retired for a hospital there in San Francisco. There is a redemption when we come back. Rumor and innuendo. 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. 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And we're back, yeah, we're at 2854, we'll call it that, up almost 30 points on the S&P cash, and volume for a 30-point move, about four point, and not even 4.5 billion shares. Again, we're having these big swings. There's not that much juice in it. But again, it may be for a variety of reasons, and we'll talk about that in a minute. But I'm going to say that it's a handful of people getting short stocks that probably shouldn't be, should have been shorted. Had a conversation with a few folks that I know in the industry from Chicago and New York, and they all told me that they're getting fed this big line today, and that is that the Mueller report will come out tomorrow. It's a giant nothing burger. And because of that, the Chinese have been waiting for the trade deal to see what was going to happen. I mean, if they can just ignore them and get people that hate Trump to kind of do the side step until the next election, maybe they can go four years or drag this thing out. The thought is that there's not going to be any of that. And he certainly is nothing's going to happen to him tomorrow when the Mueller report comes out. And again, don't shoot me. This is just what everybody's pushing. Who knows if it's true, but they're certainly using that to push the market up today, at least from what I hear. So anyway, nothing happened. And of course, then maybe the trade deal goes a little farther on. I know we heard this story and enough wolves, but you know what? When you got enough people short and they probably are in the wrong stocks being short. A lot of times these stories, which sometimes made an entire whole cloth, get people to worry. We had a question in the den about why Apple is going higher. And I wanted to show this because I put it in every the newsletter every single day, which is a chart of the top 10 shorts, both in the NASDAQ and the S&P 500. Actually, I got 15 in the S&P and the top 10 in the NASDAQ. But Apple even yesterday continued. But it's been probably a couple of weeks, maybe one of the highest shorted stocks that's been out there. Yesterday or no, the day before that 24% of all the shares were being shorted doesn't mean that the shares went home short, but means that during the day that one out of four shares that traded was traded as a short position. But generally does mean that you get a couple of two or three or four days like that, getting out in front of a company that has $250 billion is sitting around. I don't understand the idea of shorting a company that has decent sales and a lot of cash. You want it to go after the stocks that have weak business models, iffy financials and other big problems. So when I look at Apple, anything probably more than about 15% on a day is a giant red flag. In fact, let me go ahead and do this. But, you know, I don't know how you short a company. I wouldn't bullish on the stock, but at some point you have to get bullish because too many people are on the wrong side. Let's take a look at this. Okay. I mean, we've had weeks where this thing actually, I'm going to say the last 10 trading days where this thing has been almost every day over at least 20%. And that's pretty big on a big stock like this that doesn't have, you know, financials or books that are probably cooked or other issues like that. So when you ask why it continues to go higher, probably more rumors and a lot of people on the wrong side of a stock that shouldn't be that short. Now, when you look at the buy monthly, I'll show you, maybe you can see it. This is my own program, so it's hard to see. We went from one day to cover an apple in the last reporting period to the end of February from four days. We went from about four, what is that? Let me get the digit, 40 million shares short to 97 million shares short. And that's what it's all about. And that's why I always publish those short numbers every day of the most heavily hated because of the market goes up. Those people going to be on the wrong side and they get squeezed the bet the most. Now we're going to go through the most hated stocks today because if we do get another push, there's probably other stocks out there like Apple that over a couple of days or maybe even during the day that you might want to day trade, especially into Friday, if things get going and you got a lot of stocks that are short. Anyway, Apple, maybe one of the most hated stocks over the last couple of weeks. And it's not like they were going to come out with some kind of announcement that no one was buying their phones anymore. They do have at least a kind of array of hope with their new earbuds that are rechargeable. And a lot of people are buying them kind of plan obsolescence, the old earbuds, wireless earbuds, the batteries are failing. There's no way to replace them. And people are having to shell out another 200 bucks to get these things. And apparently that's actually been just enough to turn the tables on people that have been way, way, way too short on Apple. I mean, from the chart, you look at it, you go in, not much happened in here. You certainly, though, wouldn't want to be short when you saw that many people piling on. Generally, the people that short the most are the people that short at the bottom right before they get squeezed. ALGN, which is another one out here that with the mighty shorts on this is kind of popping up today, not a lot of juice. But certainly wanted to see at least fill half of that gap that goes back to the 25th of October. That was eight and a half million shares. You don't have a lot today. But again, when you got a lot of people piling on short like this, it's not uncommon for them to push it as hard as they can. Another one that has been massively shorted has been advanced micro. We got another follow through today, not a lot of volume, certainly not the kind of volume you want to see. You need about 140 million shares and you don't have anything close to that right now. You might even if you're, you might even want it to see 90 million shares from this gap down on the 25th of October. But either way, you wanted probably a lot of volume. You want to watch that for the end of the day. But again, I'm not a big fan for shorting a $25 stock more than likely it's easy to get you squeezed. Another stock that's seen massive shorting and it is Amazon. Amazon's been bucking it up against this previous high. I wouldn't be surprised to see these guys push a little harder over the next few years. A few days as it goes up against this November 8th high and the December 3rd high about 1778. Both of them. You might have the volume today. It's not going to be fantastic. What you have is a lot of people getting short too early and then getting run. We'll be back in a minute. The path of least resistance is David White's daily trading newsletter. 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I mean, who can time that? And that's the issue, right? Right. But then I got to wait it out. Right. Yeah. I just don't know. But right now, I don't think. I mean, you're just going sideways for five days. You've got a little pop today. Yeah. Right. But you've got five. I don't know who in the world is sitting on this. Like somebody thinks that they could go bankrupt. It's got five days to cover on short interest for $2.80 and 285, whatever stock. Yeah. I don't know who's this massively short on it. I don't know. What's that? I don't know who's shorting it. I read things, but they're making money. They made money. They're making money. Yeah. Yeah. But I mean, it's got like 55 million shares short, right? So if it, if, yeah, if anything happens on it, this could be a Roman candle. So I could see maybe putting, treating it more like an option and just sitting on it. Yeah. I don't see any, I don't see anything in it now. Okay. But, you know, all those shorts are there and if their trade deal comes through, I think it would be pretty good, but I don't know if you have to wait six months or a year. Yeah. Or two days. Or something here shortly. Something's going to, he's, something's going to happen. Yeah. I mean, I, I like this, this setup of this. I'm just wondering what the catalyst would be. The best one, the best one I could think about would be a trade deal. Yeah. Right. Which, which is going to cut out a lot of Chinese steel and, and then these guys will have contracts where they know what's going to happen. Right. Yeah. That US companies can go, okay, I can give you a contract for the next three years for the steel we need. And I, I think that would be good. It's just, with it being in limbo, it's hard to tell. So. David, they've got 50% of the auto market here in the state. Yeah. And if you can't make any money, it's not how much you sell. It's how much you keep. Right. Yeah. These are out there dumping all the time, which is what they do to try to bankrupt these bankrupt or US businesses. I mean, they've got two reasons to do it. One, they like to do it just so that it can keep their businesses growing over there. And two, militarily, they don't like us having a lot of ability to make steel here in the US either. They love to see us basically without the ability to build new stuff. Yeah. If they decide to ever invade Taiwan or something. So I like the setup. I just don't know how you time it. Yeah, you just got to wait it out, I guess, because anything can happen. You know when earnings, you know when earnings is on it? The 29th, I believe. April. Right. What is this? AKS. Let's make sure about that. Okay. 29th to April is right. You know, I think. I think the play would be to probably just sit on it. Yeah. And if you get to the 29th. And you know, you haven't got a you haven't got a profit. Just get out of it. Yeah. And then, you know, wait the day after the earnings are okay. You go right back into it. I don't want it wouldn't want to roll the dice on earnings. But what's today? The 21st. So he gives you four or five weeks. Yeah. I think I think there's going to be some fun buying here going into the last week of March also. Yeah. I don't I don't know how much they're going to want to jump on this. Yeah. I mean, the fun guys would much rather buy this thing at four bucks knowing that everything's done and try to buy a flyer on it at 280. Okay. They're not they're not the biggest risk takers in the world. Right. And two, if you remember what I said about funds and $10. Right. For those people that are new, basically a lot of funds can't own stocks below $10. It's in their charters. So you've got to find some people that, you know, that can buy it. And again, the big money generally made once it gets to $10 and the funds can then make it, then it goes from 10 to 20. So if you can get into it and hold it if it does well, but I don't know. I think kind of a roll of the dice out here. If you treat it like an option, a non expiring option, that means that you don't go in large, right? You put a sum in it, but maybe a half or a quarter position and just sit on it. But that would be the way that I would look at it. I can see all the all the issues here that could make it roll. I can't see a lot of things that drive it below two bucks. What about US Steel? How's that chat look? It looks like it went down to around 19 and change. We talked about that, I believe. It's back up over 20. What's the symbol on it? US Steel. X. Yeah. The US Steel. Okay. It looks kind of the same thing. Let's look and see what it looks like. I mean, the big difference here is that funds could buy it. It's a $20 stock, right? Right. So that gets you out here. Short interest has been high in this. Let's see what it is. Now, this one doesn't have much in the way of short interest at all. And it's actually gone down. So if you were looking for the rocket ship, I'd like having less money in AK Steel than I do in X. You probably have a better chance of making a little money in X. You probably have a better chance of making a lot of money in AK Steel. Yeah. Yeah. If I was going to handicap both of them. But yeah. Like I said, the only problem is you just probably don't want to be in these things on earnings day. Yeah. David, can you take one more here? Yeah. Let's go ahead. Yeah, David. The S&P we talked about could it reach the October top of the high there? It certainly could. It could go up there on no volume. It could do it in a matter of four or five days. Yeah. Yeah. I mean, we could do it by Monday or Tuesday. It could be done. It could be done. And it could go up there. Now, the question is no volume. No volume, right? Yeah. Say it goes up there on no volume. And then you ring the bell. That tells you one thing, which is going to be that you're going to have a long, long-term high put in it. You might be in a very bearish market. If it goes up there, rings the bell on volume, then maybe you're looking more like 3,500, excuse me, 3,500. Yeah. In the S&P. Yeah. I mean, this is a market that's kind of balanced on the edge of a razor. I had a short position. I was basically flat in. I got out because I just don't know. Yesterday would have been fine. Then I started wondering what was going on this morning. I started seeing all those rumors. I mean, the rumor mill, it's not in overdrive. It's like gone flat. We'll be back in a minute. Okay. Thank you, David. You bet. If you are 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. 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Yep, yep, after the bell tonight. Nike has a very low 1% one day to short. So there's not, if it does go higher, I don't think it's because it's got a ton of shorts out there. You've got it breaking the previous high of September 21st, 85, 82, 14 million shares. Got into that a couple of days ago with 6.6 million shares. There hadn't been any real energy up here at the top. I think the risk reward is pretty horrible on this. That is, you don't have a lot of shorts if they whip. They're not going to be there to buy on the way down. And if you do go higher, there's not going to be that much to squeeze on the way higher. Other companies in this footwear space have not been doing well. And the question is whether or not Nike just had enough dough to make the books look good yet another quarter last time. And this is when it catches up. I don't like flipping a coin here. A lot of these stocks look like they could go, you can make and drag out maybe six months or nine months or even a year if you continue to work hard on the books. And I don't know, it just doesn't seem like, at least the people I see out and about anymore, not that many people buying Nike shoes. The death of the mall kind of hurting them a bit where people used to go and buy them. I mean, they still buy them, but it's not like you won't go buy a footlock or that many more times or many of the other ones that are selling the shoes. So I think it was, if I remember right this, the tennis shoe business is kind of about 50% an impulse buy. And they used to make a lot of money for those mall stores where people just didn't go anymore. And sports viewership kind of down to, which also makes it an issue. I don't know. I don't like being long. I certainly wouldn't be short. And I think that's about it. Now we've got a couple other ones out here. Another one in CZR. Caesar's Entertainment. Now this is a, I assume this is what you're looking at. Man, is this a stock that's been horrible for forever? And I brought this up on the show when these guys IPO'd. They IPO'd with 4.2% of the shares outstanding for the flow. And these guys have been selling and selling and selling into this for forever to get all those shares out and cash back into the company. I haven't looked at what it is now, but I know this is like one of those trees that you go up and you hit and it's the ants have eaten the insides out. It's always been one of these sliver deals. And I'm going to say that the 95% of these sliver deals end up blowing up in somebody's faces. Eventually, they can't, the financials don't carry it. You know, I don't know that much about Las Vegas. I know that it has been fairly good out there, but I don't know if it's big at Caesar's anymore. The other big hotels doing well is going to do horrible. No, is it probably going to blow up in your face? The next couple of days, the answer's no either. I just don't see where this thing ever really goes and does much anything. Let's go back in fully years. I mean, it got up to 1450, but I think it came out at like 10 bucks. And let's go back even a little bit farther here. See what I got. Never do anything. I think they ran some kind of scam to get it up to this $26.74 high. They got a bunch of people short. And then they started letting all the shares come back in. And that's how this thing got back down to $3.20. But heavily manipulated stock. This last run from the February 1st, a high of 2018, absolutely massive volume and getting out back down to 584. Just what I know, not the amount of people going in the front door of this place, but the way that this stock has been operated, I just don't know how you can do anything with it. They are all over this. And if you think that they think that your money is their money in Las Vegas, just wait until you buy their stock. But I kind of vaguely remember this whole thing being jiggered up to get it up to that February 28th high. So it's just one that I won't touch, because I always know that there's something going on. And it's very easy for whoever's stock operator in this one to really push it around. Okay. What else do we have? Oh, we wanted to look at more short stocks. Okay, so we got that done. Okay. We got that. Okay. Let's go ahead and move on to some of the stocks that I wanted to look at. As we said, I was talking about the rail companies and looking at whether or not they can do anything up here and talking about Greenbrier the last week was at GBX. We'll look at that in a minute. One of the most hated stocks, massive shorting, has been CSX. Generally, the problem with shorting a company like this, which had a 20%, almost 20% short move on it yesterday, is that you reverse that. It's not as bad as others. It's got three days to cover with 222. What is this? 12.7 million shares short. Energy's about the same on the way up. Let's take a look at that GBX. We talked about this one making a fairly... Let's go back here a little. Trying to make some kind of low out here on no volume. Got about 800,000 shares in two previous January 10th low and the December 24th low. A little under 800, let's call it that. Went below it with 336,000 shares. A little reversal today, but no volume in it went 12. You need this to close back above 3,795, 3,744, either one of those. So you still have a little ways to go. I guess you can say that as long as this thing hasn't broken those previous lows today, this is just low volume. A pop back into that trading range would be good and kind of tell you that maybe CSX is ready for a little short covering. Let's take a look at hog. Another one with massive shorts. We're going to go to the break. We'll be back in a minute. We'll take a look and see how bad it is. Look at this. 11 days to cover in Harley Davidson. 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But because, of course, environmental laws can't actually mine it here in the United States, it's just not worth it. So the question is on this one, I mean, you got 120, 110 EVs that are going to come out. I just don't know if the market hasn't been saturated already by Tesla and now a ton of these cars are going to come in over the next year. I think some of them are going to sell good. The Porsche Taken looks very good. The Hyundai Kona looks very good on the lower end. But I mean, there's so many of them. There's a couple of trucks that Amazon's invested in pickups that looks pretty cool. But that's it. Let's take a look at Lit real quick, which is the Lithium ETF. I don't see anything in that one right now to say higher or lower. You got a little bounce in this, but again, no volume in this. And I think you're really going to have to see these cars go into production, which is going to be probably mid-summer. And maybe it's just the timing, but I think maybe you got another month or so to go before Lithium. Maybe two months to go before Lithium really gets moving. In the meantime, sell when you can, not when you have to. We'll see you here tomorrow.