 The following is a presentation of TFNN. Good morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN Friday morning, January 7th. We got non-farm payrolls numbers. You're looking at 199,000. Unemployment rate? How about 3.9%? Who had 3.9% a year ago for the unemployment rate ticking? On January 7th of 2022, but nonetheless, that's what we get. We got some wage increases in there as well. 0.6%. Month over month, beating the 0.4% number. You jump over to the markets. Excuse me, a little bit of negative action to kick things off. From 4700, the first spike in the S&Ps, you make it down to 4670 since then we spiked a bit. I'm going to go back to one-minute charts so you can really see the breakdown over about the last 37 minutes since we got that non-farm payroll number. You dive down to 4670 since then. We're right back to where we were at about 10-9 this morning. NASDAQ 100, some volatility on the growth sector in a big way. You're negative by 48 points right now. We've clawed back. You're talking about almost 100 points of the losses that we had. You were down to a low in the NASDAQ 100. A 15,624 were 90 points above that level. At 15,714, all things considered, we're only about 45 points off of where you were trading at, coming into that non-farm payrolls number. All the markets in the red, you got the Dow right now, now negative 35 points. Also catching a bit of a bounce. Dow, not too much action when you look at, even from high to low, not even 200 points. You actually spiked higher originally in the Dow. Russell, negative by one point right now above 2,200. How about Bitcoin? Watch out below, folks. There's some volatility. Wait, back it up. There's some volatility for you on Bitcoin from 42,600. Really remarkable that Bitcoin trades so well with the market now. The correlation between Bitcoin and the major market indices. Pretty remarkable to see on a consistent basis at this point. You're talking about under 42,000 now. You put Bitcoin on a daily. Pretty remarkable, right? I've been talking about for a while. Once you breach that 618, you gap below that level. Probably going to come back right to about 40,000. If you're looking for a buy point in Bitcoin, could be a point that you dabble a little bit. We were just trading at 70,000 less than two months ago. Coming just above those highs, we got back in April. You're trading 41,480 in Bitcoin right now. We jump over to Ethereum. Staying in the crypto sector, you're down to 3181. You see not quite back down to the lows we had in September, 2722. But nonetheless, you're talking about giving up $1,800 in the price of Ethereum. Crypto getting hurt with the market. Crude. There's your daily on crude. We back it up to a 15 minute to see the volatility. Crude trading a little bit lower this morning on that number for non-farm payrolls as well. Gold up about $2. Gold with some volatility in both directions this morning. We jumped in notes and bonds. And the slide continues to lower prices and higher yield right now before we get over there. You're talking about on the 10-year right now, negative by 6x to a price point of 12810 and checking out the yield right now on the 10-year, 1.76%. Folks, we're not in five trading days into 2022. And the 10-year already added one quarter of a full point. We were sitting at 1.5 to start off the week. We are sitting now. There's your 10-year. Okay. And there is a pretty magnificent move on five days, January 3rd. Pretty remarkable to back things up that we were sitting at 13011. You were down two full points. Exactly. Two full points. Remarkable move on the 10-year as the yields have risen from about 1.5 to 1.76% on the dot this morning. And with that, the markets continue to climb from the blow that we got this morning. Let's jump over to the headline number. US adds fewer jobs than forecast and the unemployment rate falls. 199,000, the increase in non-farm payrolls last month followed upward revisions in the prior two months. The unemployment rate, 3.9%. Labor force participation rate unchanged. Not many people coming back into the workforce, which is part of what they thought would happen. Latest unemployment numbers, not unemployment, suggest that despite still robust demand, the factors have kept a lid on hiring throughout the fall. You're talking about childcare. You're talking about the virus. You're talking about lack of the savings, not lack of that people have. It is persisting. 199,000 is the jobs number down there. Yeah, so market looking for at least an 80% chance that the Fed starts hooking in March. Check that out, right? Average hourly earnings. Here's where we talk about wages and inflation. A 0.6% in December. 4.7% from a year earlier. Both of those just above what economists were looking for. Last month's jobs gain, which capped to the biggest annual payrolls advance on record. Yeah, 450,000 was the number. The unemployment rate was projected to fall to 4.1%. When you break it down to where they were, tough one here for leisure and hospitality. The moderate advance in December, led by leisure and hospitality, but you're only talking about 53,000. I mean, we just got 80p private payrolls on Wednesday. They have big numbers across the board there. Not so much when you look at the non-farm payrolls. Professional and business service, employment rose while retail trade payrolls declined. Now what's interesting is when you talk about retail, okay, retail trade payrolls declined. Seasonal adjustments is a big part. Here we go. The report also includes routine revisions to the seasonally adjusted household survey data over the past five years. Okay, that's not. Seasonally adjusted retail data folks, because you're in the holiday season, you're making seasonal adjustments. They actually hired. Okay, but when you adjust for the season, they were actually decreases. That's where you get to tweak the numbers a bit. The consuthings, maybe that's pointing to the fact that this holiday season was not like other holiday seasons. You're getting a lot more online orders. You don't have to order as many, hire as many people for in-stores. You probably have to still hire people for warehouse and deliveries, speaking of Amazon in particular. But nonetheless, you see the market reaction. If anything, the wage data, 0.6% month over month unemployment data at 3.9%. I mean, what's the Fed waiting for, right? You have an unemployment rate at 3.9% and you have inflation at 0.6% on a month over month basis, folks. If you carry 0.6% over 12 months, you're talking about greater than 7% inflation. We're going to get CPI data next week. What are they looking for? They're looking for about 7% on the CPI front. All of that in mind, unemployment, under 4%, what's the Fed looking for for maximum employment? You're probably getting to that arena. So if you have maximum employment and you have an inflation that is still coming in hotter than expected, what's that mean? That means that the impetus is for the Fed to potentially hike faster. What is the risk when you look at is the risk that they're going to hike faster or is the risk that they're going to hike slower? We have an unemployment rate at 3.9% and we have inflation still running hot. We have wages running 0.6% month over month and we have CPI data that's supposed to come in at 7%. Add it all up, folks. Rate hikes are coming. The markets paying attention. The 10-year just added a quarter basis point in the span of five trading days to kick off 2022. The market not messing around to kick off the year, folks. It is going to be quite a transition from free money and stimulus aplenty to no stimulus and less free money. I mean, we're still going to be talking about a pretty accommodative interest rate coming off zero. But when you're literally used to zero, it is a different story and we're seeing that play out. Markets, though, not too freaked out. I think they kind of figured this out in terms of what was coming down the line with the Fed minutes. NASDAQ 100, negative by 38 points right now. You got the S&P's negative by four. We'll be coming right back, folks. We'll be talking to our... No, we don't get a chance to talk to Kevin Hicks today. That's too bad. We'll talk to him Tuesday. We talk to him Tuesday, Wednesday, Thursday. Still, check out Fast Market at 12 o'clock. Love that program. I'm sure they'll have a good program going on today. Stay tuned, folks. We'll be coming right back. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. 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TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern, for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you are born to be, TFNN, Educating Investors. Welcome back, folks. We've got the markets clawing back the losses right now. We've got about 12 minutes to go until the opening bell and we might be green across the board by then. We've got the S&Ps now, negative by just one point. You're 16 points off the low this morning. NASDAQ 100 surging. You're talking about 125 points off the low, negative by just nine right now. The Dow, a little bit of a laggard, you're still negative by about 51 points right now. The Russell, negative by one. We jump over to the commodities. You got gold a little bit higher up $4 as well. Crude trading at $79.46 and we jump back to the all important notes and bonds and they're catching a little bit of a pop too. We were just at a yield of 1.76%, folks. You are now at a yield of 1.743. Two basis points in two minutes is quite a move in the 10 year. I'm exaggerating a bit, but you get the point. Jumping around to some of the bank stocks. Let's see how they are reacting this morning. We'll kick it off with Amazon. Amazon, now Amazon is a little bit of a different animal versus the growth companies like Microsoft. Apple is definitely its own animal at this point. You get into some of the software makers or the big time multiple growth companies. They have gotten punished in a big way over the last five trading days. Amazon, $32.76. You're basically flat on the session. I talked about Microsoft. They did a great discussion on Microsoft yesterday on fast market. Microsoft trading at $3.15. You were as low as $3.11. So you're going to open barely positive from Microsoft shares. Now, interesting, right? You got Microsoft up $1 from the close of yesterday. Still got the Maasdeck 100 and the negative. Let's jump over to Tesla. Tesla, you could say that's their own animal as well. Tesla up about $8 in the pre-market. Google shares alphabet. Basically flat so far this morning. We jumped to Meta shares. Meta quite a day yesterday to the upside for Facebook. Look at that acceleration before pulling back a bit to end the day. Facebook shares going to be in the positive by a bit as well. We jump around to some of the travel stocks. American Airlines barely in the positive this morning. You got Delta barely in the positive as well. The cruise ships. Yeah, Norwegian barely in the positive as well as they skip around. Let's jump around to some of the cannabis stocks, man, these stocks. How about a seven-handle on Canopy yesterday? A seven-handle, $7.96, man, these, the demise of these stocks, man, remarkable, did not believe that these would get below and I say these talking about Canopy in particular below $9 below the COVID lows. But sure enough, that's the case. Now you jump over, I mean market capitalized. No, they don't even have the company's market balance sheet because it's such a small profile company. Yeah, I would just stay away. Eventually, you may find a bit there. If you want some exposure to the cannabis sector, but you don't want to touch any of these equities, constellation. Quite a run this company has had. You pulled back a bit, constellation though, they have an interest in Canopy in a big way. I mean, look at these 3A2s and 618s folks, you got to love them. Put them on your radar. Last November, constellations trading at 160, you accelerate up to about 245, you trade back right to a 3A2, you skip around on that 3A2 from August, all the way to almost October, about a two-month basing period around that 3A2 period. And since then, you've taken off. Now you've had a pullback this week with constellation. It was just, they just teamed up. What was it yesterday? Yeah, so they came out with their earnings, I believe. Yes, they came out with their earnings yesterday. So you pull back a bit, you're getting a little bit of a haircut if you're interested to get in there. But they are a powerful alcohol company with some exposure to cannabis. They have the one and only Corona beer. They also have Madello. They have Kim Crawford wine. It's a very solid company with some exposure to cannabis. Pulling back a bit yesterday, but nonetheless, quite a chart for constellation out there. All right, jumping around to what else we have going on. Let's jump a little bit to retail. Walmart, hold up pretty well during the demise of some of these companies. You check out Walmart. I've talked about it before. We do have some Walmart in my newsletter, Rocket Equities and Options. If you're taking a look at Walmart, I would keep an eye on the trendline that it's got going, $120. Bouncing off that trendline each time it reaches it. You're trading at $143. You're only $10 off the all-time highs for Walmart. We touched that level three times. Seems like that might be where this is heading. Walmart's a solid dividend company. I've talked about it many times as well. You can deal with the company with the market cap I think under 300, $397 billion still for Walmart. I talked about it on my show yesterday. If you're talking about capital preservation, you start getting into huge multiples of growth. That's where you can really get cut in big ways. If you look for capital preservation company like Walmart, you're dealing with strong dividend, you're dealing with decent multiples, and you're dealing with a company that does have an opportunity for growth, not quite a growth company, but you look at the fact that they are servicing $1 out of $4 for order online, pick up in store. There's all the speculation of a bank of Walmart. Anytime you have a financial relationship with many Americans, that many citizens of the world, there's opportunity for growth. Anytime that you're touching that many customers, even if it's on the lower income spectrum of the side, there's still opportunities because man, you talk about the bank of Walmart. One thing they keep talking about is that the people and customers that Walmart services most are underbanked in a big way. I mean many poor Americans unfortunately don't have bank accounts and they end up paying such a high fee to bank, whether it's, you know, you got to go get a bank check, you got to get a cashiers check, maybe you have to pay to cash your check, etc. The fees, when you do not have a bank sometimes add up exponentially, point being, you get the point. We're trading $10 off the all-time highest nice trend line there for Walmart now. I jumped to Walmart because it's really interesting the number of influences in this market. When you talk about rural America, the economy is rocking and hospitals are having to compete with the economy. It makes sense, but that is not what you wanted to see happen and right now, especially with spikes going on at hospitals, U.S. hospitals struggle to match Walmart pay as staff flees Omicron. Now I'll tell you, my experience folks, I have a fiance who's a respiratory therapist, not going to talk about a company, but man, they are making a lot of money, okay, and even as a nonprofit and some of the bonuses that were given out, some of the pay that's given out, some of the hardships they're having finding people, they could solve that problem with a little bit more money, that they are not quite pushing out. But nonetheless, they're struggling because the economy is rocking and special when you're going to rural hospitals serving older communities, they're at the greater risk, high demand for labor throughout the economy making it harder to find replacements for doctors, nurses, support staff who have been sidelined by the Omicron variant. Now doctors, they're always, but when you talk about other parts of the staff of the labor squeeze, openings and quits in healthcare, you got quits down here and you got openings, openings on the rise in a big way. You're talking about 1,800 openings on the rise with quits on the rise as well. And I don't blame them, folks. You know, you're sitting in the hospital and you're dealing with a fourth wave right now, the first wave, maybe the second wave, but when you're dealing with a fourth wave, very frustrating as far for the vaccine, folks. And you're seeing hospitals fill up with predominantly unvaccinated people. The life of a respiratory therapist, doctor, nurse, over the last pushing two years, pretty remarkable. But did not really imagine this, but yes, it is an influence. It makes sense. You have the chief executive of a 25-bed facility in rural Nebraska. He's monitoring patients on the floors himself as they are trying to fill gaps there in the employment of those hospitals as they're trying to compete with an economy that is just firing on all cylinders to say the least. All right, folks, we got the market. Pretty remarkable with what we just got. I referenced to Kevin Hanks yesterday. I said, Kevin, you know, even if you told me the numbers that we're going to get, it's almost hard sometimes to imagine how the market would react. Well, if you told me that we had an unemployment rate of 3.9%, we had wages increasing 0.6% month over month. I think yesterday it was 0.4%, right? And now, we're getting trade lower over the fact that Fed may hike quicker. Guess what, folks? It did it first, but we've clawed it back. Stay tuned, folks. We'll be right back for the open. Are you having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex Predator in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from all over the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. 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In collaboration with Tom O'Brien and using his best-selling book The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups including Godly's, 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 get an additional 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 Welcome back folks and just like that we open flat to the tick. NASDAQ 100 was just in the green by just three points market basically closet all back down still slightly below where we were when we came into that non-farm payroll number but boy we got some volatility in both directions right now you talks about some volatility how about these gambling stocks? Now DraftKings quite a pop yesterday you trade for 23-21 you're up at 26 right now you're up 8-10% today you put this chart on a longer-term chart though and talk about a pullback from 75 bucks to $25 today you put this even further back for a five-year weekly yeah I guess that's when they go public they went public in April of 2020 you almost give it all back the full run to higher prices now the reason why I'm talking about DraftKings is because it is a big weekend in the world of gambling and it has to do with game on mobile sports betting can start in New York gamblers out there maybe outside of those lovely gamblers in Boston Massachusetts but yeah legal online sports betting coming just in time for the NFL playoffs gotta love that if you were in the gambling sector and they loved it yesterday on DraftKings a little bit higher today these companies man still quite a pullback from the expectations they had now DraftKings is a big one to analyze that's gonna have them yeah Penn National Gaming there you go now I bring them up because they are the owners of Barstool Sports but even this one you talk about some haircut folks I mean remarkable you are back to almost prior to the pandemic for this equity Penn goes from three bucks during the COVID those to 142 geez I hope if you had some of this equity folks you were taking some money off the table when you get a you can see though things are improving rapidly I imagine this is gonna be a rapidly growing business as it expands they're trying to get it done in Florida they almost got it done got overturned I believe by the judiciary saying that it was not quite legal and they might have a legitimate case I mean New Yorkers Floridians passed a constitutional amendment a couple years ago stating that any more gambling would have to be proved by the the whole state in a constitutional amendment or a state vote at least so there's a lot of technicalities nonetheless not quite happening in Florida yet point being it is coming though and you're seeing it coming in New York and gonna be wild to see I mean that must be pretty cool as somebody that's an investor a gambler folks if you're a short-term trader you are a gambler whether you want to recognize it or not you're gambling with a negative expectation I mean some of the biggest casinos in the world are gamblers they gamble every single day when they have customers that come sit at their tables the only thing is they're gambling on bets that have positive expectations and most people who walk into a casino are gambling with a negative expectation in everyone's mind not everyone's but in most people's mind gambling has a negative connotation of expected value as in they're gambling on games that in the long run have a negative return well thankfully that's not the case in the market if you're applying some trading principles that make sense nonetheless these stocks I started putting them on my radar because it's quite a pullback in New York they're gonna put up some big numbers and the market overall is heading in the right direction for these companies we jump back to DraftKings up 1.3% right now market down about 46 points right now nothing too dramatic when you look at the lows we had yesterday you're still more than 100 points off the low you had yesterday morning in the Nasdaq 100 all right jumping around other headlines I got up here to take a look at let's see what we're looking at GameStop yeah GameStop so GameStop is getting into crypto surprise surprise and the market loves it surprise surprise you're up 17.5% GameStop reports that the video game retailer will do division to focus on cryptocurrency partnerships and non-fungible tokens market says thank you sir may I have another we'll run that one up talk about a perfect combination right you got the ultimate meme stock GameStop and they're gonna try and get into the NFT crypto game I mean if the Wall Street Bets boys and girls don't love that over there I don't know what you love you're up 15% today but you've given back some of the games you were up to last night pulling back a bit to 150 162 on the open right now pretty remarkable that any CEO especially of a meme stock can come out and say hey we just started a new division we're gonna be getting into crypto and the market says yeah we love that so much I mean look at what's the the market cap for this company right now is 11.5 billion dollars they've got 76 million shares outstanding folks so they just added about 1.5 billion dollars in market cap 1.5 billion with a B in market cap off that simple announcement not sure that that one's gonna hold in terms of the value there but nonetheless T-Mobile they report their subscribers 844,000 for the quarter 2.9 million quite a number almost 3 million for the entire year 4th quarter numbers were below consensus though they were looking for 868 the market a little bit lower pre-market we jump over to T-Mobile as the beginning of 5G rages and you're down about 2.3 percent quite a pullback from 150 you run from 63 bucks at COVID you come into 2020 at 82 quite a pullback though and let's just see out of curiosity where we're dealing with here I mean you're coming back to some pretty substantial levels of a pullback when you lose almost 40 dollars off that equity almost at the 50 percent we did actually touch the exact 50 percent from the whole COVID run from 63 bucks up to 150 this market's slipping a little bit back to the indices you take a look at the S&P we're kind of a critical area on a weekly basis bumping up against the lower boundary line that we've been in since basically the COVID lows we put this back to a five-year daily we zoom in on the most recent action and you can see pretty critical level as we are at about within about 10 points of that channel line now gee you can see it's a liberal channel line folks because you look where we were in terms of December okay we had a channel line down to 45-20 so that's 80 points outside of that channel line but all things considered pretty well defined jump over to the Nasdaq 100 we'll jump to the cues and there's your channel line in the cues coming off the acceleration that began last year in late September really it began when we got the vaccine efficacy in November and you can see that we still have a little bit ways to go even though just reach the bottom of that channel line I mean you could trade to 376 in the cues and you're still trading that is just remarkably to the upside and we've bounced around on this channel on many times over the last two years almost a year and a half you could say to September right now though you got the cues down another $1.72 with this market trading to negative prices we back up to the futures and we've basically given up that whole acceleration we had we're at 15,679 right now let's jump to notes and bonds to see how they're trading still hold up relatively well they're holding on to that little pop that it had 90 this morning let's see how some of those fang stocks let's see how Apple in particular Apple shares giving it up a little bit as well Apple was up to 173 in change you just give up a buck 50 on Apple shares Microsoft's been particularly volatile Microsoft down about a 30% right now we jump to Amazon shares positive by a 30% right now Tesla trading down 810% right now let's see how Ford's trading quite a week for them up 1.2% the run continues with Apple's F-150s alright folks stay tuned we got the markets in negative territory Russell though how about that Russell leading away in positive territory we got a little rotation into the Russell stay tuned folks we'll be right back are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area whether you're at maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make a future call Tiger Real Estate LLC today at 727-329-8322 or email us at Tiger at TFNN.com that's 727-329-8322 call us today The technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need about today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology this weekly newsletter will give you specific recommendations for value 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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 welcome back folks we got the markets almost back in the green checking out the Nasdaq 100 real quick we're gonna go back to a one minute chart just so you can see the type of volatility right? we traded 15,780 you trade down 100 points and you trade back up almost 100 point soaks and that's in the span of about 5 to 10 minutes markets only been open for 12 minutes so far to keep things in context you get the Nasdaq 100 back in the green right now the Russell though catching quite a bit look at that acceleration in the Russell pre-market you're trading at 2192 right now 2212 in the Russell alright what else we got going on jumping over to discovery getting quite a pop today up $3 that's a 12.2% move you're higher pre-market you've accelerated into the open right now at 29 bucks you put this thing on a daily though my goodness quite a fall the Bill Huang saga really escalated this in March 78 bucks down to 40 since then though it's been a slow slide as well now what they did announce here and that was in May I believe was the merger between discovery and time Warner spinning off HBO for Warner media and so Bank of America out there upgrading discovery to a buy from a neutral which feels that discovery's upcoming merger with Warner media has the potential to create a global media powerhouse discovery added 3.8% yeah 3.8% how about 11.8% now for discovery you're bumping up against the highs that we had back in November right right to the tick almost you're talking about 28.98 how about 28.99 it gets over it by a penny you're trading at 28.72 yeah I mean just from an anecdotal perspective right I mean discovery let's see if they still have what they control here listed I mean an absolute plethora of brands in terms of what they have here yeah so the headline name of course Discovery Channel but then you got Food Network Animal Planet Investigation Discovery The Travel Channel Science and Motor Trend yeah and of course they have their apps and so forth as well yeah just pulling anything else just a plethora of brands and they're gonna combine that with HBO Time Warner to create their own company and that's gonna be happening soon coming down the pipeline I believe what they say in March that that's coming down the line yeah they just say upcoming merger so happening shortly that's pretty much it going down the line for specific equities let's see what else we got up here yeah this one I want to get to this one check this one out the number of Nasdaq stocks is down that are down 50% or more is almost at a record 40% 44 out of 10 Nasdaq stocks in the index have fallen by half from one year highs that is staggering if you ask people even people in the market now if you're studying studying market breath right I imagine you have some idea that there's been some real pullbacks in the in specific equities I've been talking about some of them the gambling stocks the zooms of the world the docuSigns of the world 40% of the index though my goodness investors are selling first figuring out the rest later roughly four in every 10 companies on the Nasdaq comp index have seen their market values cut in half from their 52 week highs while the majority of age members are mirrored in bear markets and what do we have though we have the Nasdaq 100 sitting right there record eyes when you look at the index I mean take a look already in the top 13% of all days since 1999 now this is pointing to okay percentage of stocks down 50% from a 52 week high you see the COVID spike that we had in there during the COVID spike you only had 60% we're at 40% and then you look at the composite index let's expand it to make it crystal clear you can't even see a pullback on the index meanwhile you got 40% I mean yeah you look at 2008-2009 that market just got pummeled 2000 got pummeled as well but you see pullbacks during those times alright even during COVID you see the pullback here there is no pullback that correlates to the spike here at all even the spike in 2016 okay there's your pullback not as substantial as some of the pullbacks we've received but boy if you start seeing some of these big tech companies faltering and I'm not saying you are but if you're trading the Nasdaq 100 you better be keeping your eye on Apple Microsoft Google Facebook Tesla Netflix all the likes of it I mean let's just jump over to the market watch and jump over to the Nasdaq 100 the big names are the ones you gotta watch folks Microsoft Apple Google Facebook those are the ones that have been carrying the market and really remarkable that Amazon just been in a consolidation for the better part of a while meanwhile the other companies indeed Apple $2.83 trillion they're $170 billion off 3 trillion already this market I keep saying it we got a two way market and a big way folks you're seeing it play out this morning Nasdaq 100 right back up to where we were at 7 this morning $15,783 I mean you have popped 150 points in the Nasdaq 100 you got the Nasdaq 100 positive you have the S&Ps now a solid 20 points off of the lows you had you're actually above where we came into the non-farm payrolls on the S&Ps let's see how we're doing on commodities crude gives it up a little bit to $79.20 but that's been uncoordinated gold turning in about $17.91 and notes and bonds we're tracing a bit you're talking about a yield right now we're probably pushing $1.75 yeah you're talking about a yield $1.75 so close to 1.76% over in Europe right now you get the Dax down about a half a percent FTSE positive by two tenths percent we jump over to the VIX this morning volatility index back under 20 $19.39 quite the spike on Wednesday got an elevated number on Thursday early on the sell-off to $2106 trading at $19.39 all things considered though when you look at the recent spikes trading in on the action for the run that we have had in the markets this week folks that does not even stand out on the VIX which is remarkable if you think this is a worst-case scenario keep your eye on the fact that the VIX has not even spiked okay you want to spike you go back to November 29 when the market sold off post Thanksgiving or the first Omicron fairs fears even December 20 if you got a spike to $27.50 we put this 20 days that's what a spike looks like in the market folks not this which is remarkable now the important thing to remember about the VIX is the VIX is predicated off the S&P it is not predicated off the Nasdaq 100 okay it's predicated off the S&P we're sitting about a hundred points from all time highs in the S&P we're basically just back to prices we were trading at December 22 in the S&P all things considered you're up six points today in the session but if you're looking it's a varying degree not too bad getting a 1931 handle in the S&P is considering what has happened this week so far and I'll leave it at that Dow only major index in the red right now negative by 35 points the Dow's been quite an acceleration to the upside I mean you look it up I just said that the market's back to basically December 22 prices for the S&P while the Dow's still about 700 points above that level so you see the rotation that played out and then you look at the S&P in 400 points below so comparing where we are to December 22 it's an arbitrary day but you trade it higher then you trade it lower you have the S&P is basically at that price level you have the Dow trading 600 points above that price level and you have the NASDAQ 100 trading about 400 points below that level the divergence the rotation you can't deny it folks you jump over to some of the companies zoom shares getting a little bit of a pop today reprieve we'll jump around some of those growth companies take a look at Roku as well when we come back stay tuned folks sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com TFNN's YouTube channel with Tiger TV live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has 8 different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel to become the investor you were born to be TFNN educating investors to the opening call newsletter at TFNN.com The opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave The Chapman Wave up-down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a fund within 30 days of signing up TFNN.com educating investors Are you looking for secured investment which pays you on a monthly basis? The Tiger First Mortgage program may be the program for you The best rate on a five-year CD in the country right now according to bankrate.com is paying 1% per year or $1,000 per 100,000 invested The Tiger First Mortgage Program pays 7% per year paid monthly on secured in St. Petersburg, Florida The investment is for four years paying 7% per year or $7,000 per 100,000 invested Your investment is secured by high-value real-estate in St. Petersburg, Florida Your investment can be anywhere from 100,000 to 500,000 Do you want to make 1,000 per year on 100,000 invested or 7,000 per year on a secured Tiger First Mortgage The Tiger First Mortgage Program may be just the program for you The Tiger First Mortgage Program may be just the program for you On a secured dirty amount of money For more information up more than half a percent at 2214 we jump over to some of those growth companies I was talking about Roku in particular boy it just does not stop this stock it's already six bucks off the low that it made on the open but you're still down 3.8 percent on Roku this is quite a slide folks you back it up to October and you were trading at 350 you back it up to August and you were trading at 490 we put Roku on a weekly you see that double top man and pretty remarkable you back it up to 2019 and Roku was trading at 176 we traded down to 180 today you almost give back I what is it that's almost two years now that's more than two years I had to recalibrate my brain again to 2022 more than two years of price action on a company like Roku especially in light of what has happened to our watching experiences in terms of the expansion of streaming etc. All right one more article I want to go over here actually come out yesterday but I was reading this one last night interesting Goldman Sachs sees new conundrum capping Treasury yields surge so bond buyers face a new conundrum this is Goldman putting this out where Treasury yields will stay low even as the Fed hikes rates despite the surge that we've just seen in yields going on this week the investment bank expects the bond market to be reluctant to lift the terminal rate during the coming tight things cycle excuse me so while raising its year-end forecast for the two-year yield it calls for longer dated yields stand they're looking for the five-year note to end this year at 1.8 the 10 year at 2 in the 30 year at 2.25 two possible explanations a widely prevenant low terminal rate view or the price signal is to sport distorted by supply demand in balance foreign demand for US Treasuries remains high and one of the things they talk about here in recent years large institutional investors including pension funds and insurers have also been buyers the 30-year Treasuries whenever they rise above 2% we have a zero interest rate environment in many parts of the world so you got the US competing with that and man this market watch out folks I can't wait to see what Mr. Basil Chapman is going to say coming up with the Tiger Technicians Hour he'll be live up next we got all the markets in the green S&Ps up by 10 NASDAQ up by 46 stay tuned folks live programming all Friday at TFNN thanks so much for starting your day with me stay tuned Basil's up now