 The following is a presentation of TFNN. Good morning, market kickoff with your host, Tommy O'Brien. Good morning everybody. I'm Tommy O'Brien, coming to you live from TFNN just after 9 a.m. Eastern time Wednesday morning. We got about 24 minutes to go until the start of trading and we got markets in positive territory right now. You get the S&Ps up 18 points, trading at 4,006. We get the Nasdaq 100. We're up an even 100 points right now. That's about 8-tenths percent in the green. Nasdaq 100, you're more than 200 points off the lows we had yesterday, 12,461. We are still about 800 points below where Friday's escalation began from Jackson Hole. Dow, up 106 points this morning, 31,883. You got Bitcoin back above 20,000, 20,240. How about that crew contract, man? You got almost a $10 move, folks, in 24 hours from 97,66. Early this morning, we're trading at 88,27 and just like that, crude has popped $2 from that low, but boy, you're talking about quite a move to the downside from yesterday's high of 97,66. Goal contract continued to struggle, down $12 at 17,24. We got notes and bonds, folks. The theme, lower price, higher yield, the 10-year negative 3 ticks. We're as low as 1,60 and 22 in the early morning hours this morning. You're down three ticks on the 10-year. You're down 12 ticks right now on the 30-year. We jump over to the VIX, volatility index this morning, 25,93, yesterday's high, 27,69. I want to say hello to my son, Tommy O'Brien. Are you watching Tommy O'Brien? You watching? He's out there watching, folks. He's having a happy little morning. He's a happy little man. Yeah, let's get into it. All right. We kicked things off with some ADP numbers, jobs numbers this morning. This ahead of Friday, we get the non-farm payroll number. Private payrolls growing by 132,000 in August. ADP says in reworked jobs report, private payrolls, 132,000 for the month. July was 270, so you back off a bit. When you're talking about wages, how about annual pay, 7.6 percent? That number rising for inflation, a little bit of a worry, but you see a pullback on the number they were looking for. The market was looking for an ad of about 300,000 jobs. So it comes in at half of that number. Now August payrolls, they mentioned here, notoriously volatile is how they put it, notoriously volatile in already a very, very volatile market with the type of economic numbers we're getting. And yeah, that comes ahead of Friday's non-farm payroll number. The Fed, of course, the market will be looking for that, will be looking for any impact that rising rates have had on the economy. They'll be looking for inflation in terms of wages, where they go. When you look at the private number, you're looking at wages, 7.6 percent. Quite a number, that's going to be hard to tame inflation when you've got wages rising that much. The other argument is wages, not even keeping up with inflation still. The last CPI print was 8.5 percent, and we get August numbers for CPI folks. I believe we're going to get that number on Tuesday, September 13th. So Friday, September 2nd, we get the jobs number. We go away for the long weekend, Labor Day weekend. We come back on Tuesday, September 6th. We get CPI data for the month of August, Tuesday, September 13th. And then the Fed meeting is the following week, September 20th and 21st, I believe is that Fed meeting. All eyes will be on the Fed. The question, 50 or 75 basis points, the market leaning a little bit to 75 at this point. But it's all going to matter how that data comes out that we have for the month of August. It's August 31st, last trading day of the month, September 1st tomorrow. We kick things off. And let's jump into some of the economic numbers on the meme stocks, Bed Bath and Beyond, to sell stock and shut 150 stores in a survival bid. They are nearing. They don't have it done yet, a $375 million loan with 6th Street. They're going to cut 20 percent of the positions to reduce costs. Yeah. And they're building, so they have commitments for a new $375 million first in, last out facility with 6th Street partners and a $1.13 billion asset-backed revolving credit. Boy, they need to turn around, folks, because meme stocks aren't going to do it all. And now the meme leader himself, Cohen, has ditched that stock. And there's the action this morning. Welcome to about $9 from 12, far off the highs we had of $30. I mean, remarkable, right? You had Cohen selling things off at what, $25, $26? He's not a fool, folks. Remarkable this thing just got back up to $15 yesterday. You're trading at $9 just that quickly, probably on your way back to $5 before this thing turns around. Let's jump around to some of the other meme stocks, AMC, $9.27. That's a solid, talk about a fall-off, man. What's it? Saturday, September 3rd, Saturday, I believe, right? Let's pull it up. Yeah, Saturday, $3 tickets basically across the country. So if you're looking to attend a movie on Saturday, $3, not a bad deal at many cinemas. National Cinema Day coming to you. We jump over to GameStop, GME, I mean, look at the pullbacks and all these meme stocks. GameStop was just pushing $47 this month, and you're going to open at $29. Let's jump around to some of the fang stocks. As we get the Nasdaq 100 pushing 1% in the green right now, you're going to have Amazon. Put it back to a 15-minute chart right now, up a bit to about $130 for Amazon, Apple, biggest company in the world, $160.45. Yeah, it's almost $1.50 to the upside. We're going to get a little bit of a lift. It's going to be interesting to see where this market goes in about 18 minutes when we start trading here. Let's jump over to Tesla shares, Tesla up at about $280 from a low of $272 yesterday, the Twitter saga playing on at about $39.51 so far for Twitter. We jump over to Best Buy. They had their numbers yesterday. Some decent numbers, but you gave it all back, almost all of it back pretty much from where you closed out Monday's action, Best Buy sitting at about $74.57, down a bit on the open for Best Buy shares. Let's take a look at some of the commodities, crude. We bounced to $88.27. Now remarkably here, 85.41, folks, was where crude was trading at October of 2021, man. Now things really accelerated towards the end of February when war broke out, but you see the acceleration this thing had from December, $62.43. You charge higher from a low of 66.12 at the end of December. You don't even stop until you hit 130, but remarkable. We pulled back right to 85.41. This morning, we got as low as 88.27, and you're bumping into some pretty low areas that we've seen. You make it to a low of 87.01 back on August 5th, and yeah, even if you're looking for a bounce, folks, even if you think crude is going lower, I mean, it has potential here for 100 or 110 bucks easy. Yesterday, you were as high as 97. Today, you're back to 90, but volatility not going away anytime soon in that crude market. Let's jump over to gold. Let's continue into struggle, man. If you're taking a look at gold, all right, you're bouncing near this lower boundary line. You make it to 1,700 or so. That's an area. It's found support for the better part of your talking about more than two years. I mean, look at gold was trading at 1,700. You back it up to June of 2020. Now, there's your COVID volatility. When COVID hits, you had gold at about 1,700. You trade down with everything to 1,450. Gold charges higher to 2,089. Since then, though, whether you found a bid in March of 2021, whether you found a bid on the spike low down to 1677 in August of last year, so that's a year ago. What's also happening here is that you're correlating to the 3A2 from the entire move higher that began from August of 2018 up to 2,089, the 3A2 at about 1741, 1700, the round number. We're right in the middle of that. It doesn't mean it's going to hold, folks, but at least you have a price area you could set your stop at 1,700 gold down 13 bucks. Stay tuned, folks. We'll be coming back with our man, Kevin Hinks, of Fast Market, the TD Ameritrade Network. Very back. VistaGold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. VistaGold just completed their feasibility study, resulting in a 7 million ounce gold reserve. VistaGold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing an accretive transaction. VistaGold trades on the NYSE American and TSX under the ticker symbol VGC. VistaGold executing a strategy to create shareholder value. 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TFNN has launched the Tiger's End. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tiger's End, available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Welcome back, folks. We have the S&P Futures up 22 points right now. You're looking at an Azdec 100, up almost a full percent, up 120 points. Look at the Dow up 100 points as well. Let's jump over to our man, Kevin Hinks. Every trading day, folks, 12 noon Eastern Time, right here on Tiger TV, fast market from the TD Ameritrade Network with your host, Kevin Hinks, Tom White, outstanding program folks. The team at TD Ameritrade Network, they break you down, break you through the day's market action, walk you through hypothetical trade setups. As we come into a pretty important month of September, last day of August today, Kevin Hinks, good morning. Good morning, Tommy O'Brien. Yep. We're getting closer and closer to Friday's non-farm payroll data. Today, we got the ADP data after yesterday's Joel's report. And interesting, the ADP basically shut down their data for a couple months to refurbish it, rehash it. And they've come out with some new numbers, a little more granular, a couple more features. So we got that data out this morning, Tommy. And it was a little lighter than expected, 132,000. They were looking for something right around 220 between 220 and 250. And breaking it down, Tommy, small businesses lost 47,000 jobs. That's 1 to 19, 20 to 49, gained 72,000 jobs, mid-sized businesses, 50 to 249, gained 74,000 jobs, 250 to 499, lost 21,000 jobs, and finally, large businesses, 500 employees or more, gained 54,000 jobs, Tommy. But here's a new feature that ADP came out with. They have a median pay range in annual pay that they come out with. And what does that mean? Well, they have two categories, job stayers and job changers. The people that stayed in their job, how much did their wages go up? The people that left, how much did theirs go up? And Tommy, this is pretty alarming. Job stayers pay went up by 7.6%. Job changers, people that moved from one company to the other, double, it went up by 16.1%. So interesting, I think a lot of people are getting some resumes ready based on this number today, Tommy. That's quite a number, man. I hadn't seen that number. I appreciate the breakdown, some great stats in there. Always interesting when you get the ADP number ahead of the non-farm payroll number on Friday. We've seen some huge divergences recently. And it'd be interesting to see if some of that retooling, maybe it's not as divergent as some of the divergences in recent months past. But yeah, it would make sense, I guess, that you got to change jobs. But unfortunately, if you're at a job that they appreciate what you're doing, that they're not rewarding you to the same degree, but that's the business I guess we're in right now in this economy. When we talked to you yesterday, Kevin, things didn't seem as dire at 9 o'clock in the morning. Yesterday morning, a little bit of a sell-off to accelerate things. What was your take on kind of the sell-off continuing Friday's action? We've got a pause in Monday. We talked about that yesterday, but boy, things heated up a little bit yesterday after we spoke early in the day. Yeah, it's interesting. You and I were talking yesterday, the futures were all up, much like they are now. And we were talking about, I wasn't sure why they were up, frankly. And it turns out they didn't spend very much time up once the market opened, Tommy. So, yeah, interesting. But here, nevertheless, we start today up again, the Nasdaq's up more than 1 percent, the E-minis up about 6-tenths, Russell and the Dow up between 3 and 4-tenths there. So an interesting start today, you've got the Dollar slightly higher, you've got yields slightly higher, and you've got Crudeau, another alarming sell-off in Crudeau, Tommy. So Crudeau hit $88.27 this morning in the overnight trade. So this two-day sell-off in Crudeau, pretty alarming here, Tommy. The moves everywhere are just amazing, man. As a trader, we've got $10 moves in the price accrued right now, gold continuing to struggle to find a bid with a strong dollar makes some sense, and yields in the 10-year, 3.1-2 about this morning, just action everywhere in this market. So we go forward, Kevin. We have some numbers out for the week, but all eyes probably going to be on Friday's number for non-farm payrolls. We come into a long weekend. Always interesting when you've got three days off, man, who's going to be riding their position through the long weekend considering the news that we get on Friday. We come back September 6th, and I believe we get CPI data for the month of August out the following week. I think it's September 13th, and then we roll right into a Fed meeting. You always talk about the economic numbers that are most important. I know non-farm payrolls, I believe you've said is the number one item up there. We get that one in about 48 hours. For all eyes right now, Kevin, really going to be on that number on Friday, and I know this is your opinion, man, deciding where eyes are on this market. There's so much going on. But is that the number Friday? Is the number of the CPI data that we get out later in the month of September for August? What are you looking for? Are those the two data points that are going to decide where the Fed goes come their September meeting? Well, in terms of economic data, you're right, Tommy. The non-farm payroll number, just because of the vast amount of information you get from that one report, is the number one report of the month. Now, CPI has gained incredible importance because of inflation and how we look and how the market trades. So, yeah, non-farm payrolls and CPI, if you're going to only look at two, those are the two I'd really watch. Now, the Fed likes PCE data in incoming outweighs that we got last week. They like to look at that. That showed a nice break in overall inflation. But, Tommy, think about this. A lot of the break that we got in inflation was crude oil, right? Now, crude oil had, until yesterday, been on a nice little track of rallying back. It got up to over $97.5. Well, that $97.5 to $88 went really fast. So, how is energy going to affect inflation going forward? And how is, frankly, government spending that just popped up in the last two weeks going to affect overall inflation? So, Tommy, yeah, I think Jerome Powell's statement reflected a little bit of frustration in terms of his fighting inflation and who's fighting against him. I think the market is trying to figure out what all of this means. It's been a pretty weak couple of days here. And so, we'll keep trading them, Tommy. You make a great point with oil. And we've talked about it recently with rates as well. I got a chart of the 10-year up here in the thinkorswim platform. Beginning of August, price-wise, we were sitting at almost a 122 handle. I believe I do. We have a 122 handle on the 10-year on August 2nd point being it's been a lower price higher yield for the entire month of August right now as we're at 3.12. And that's just the 10-year, let alone what's going on with the two-year, the 30-year, et cetera. But we have a 116 handle down from a 122 handle to kick off the month. That may be a factor as well. With that in mind, Kevin. What are you guys talking about at 12 o'clock today on Fast Market? Slow day for earnings. But we'll certainly come up with some names coming out with earnings after the bell. Akta in the tech sector. And then like fully, we'll do a presentation on five below. In the last segment, we're, frankly, going to look for something interesting that breaks from the open here. So we've got two of the three decided so far. Tommy, the last one, we're going to go agile and go with the most, you know, we're kind of in a lull tomorrow. We get some good earnings, but today a little bit of a lull period. So we're waiting for something to move here. We'll trade that. Well, there's been no lulls on the open recently. So you may get some action, man, for that third equity, I imagine. And five below. I got that chart up on the thinkorswim platform. Quite a pullback to 129, folks. If you're looking at my chart on Tiger TV, a COVID low of $47, we make it up to $237. And where do we pull back to? Kind of right around the 618 retracement is kind of where we're bouncing out right now. But boy, tough year right now for five below. Kevin, we appreciate the time as always, man. We'll be watching at 12 o'clock today for Fast Market. You have a great one and we'll talk to you tomorrow, man. Thanks for having me on, Tommy. Have a great day. Always a pleasure. Folks, tune in every trading day with everything going on in this market. It is a great time. You talk about implied volatility. You talk about options. You talk about defined risk. Outstanding program, 12 o'clock every day with our man, Kevin Hanks and Tom White from the TD Ameritrade Network right here on Tiger TV. Stay tuned, folks. S&Ps up by 20. We'll be right back for the open. With booming inflation, we are purchasing powers eroded. There's no better place to protect your harder and money-thinning gold. This, the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tail-one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This, the gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million-ounce gold reserve and a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. 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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 were born to be, TFNN. Educating investors. 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. We've got markets open. You're looking at an S&P. Give us back some of those gains a little bit right near the open right now. We would just decide it's 4,010. You're flirting with 4,000 on the dot right now. S&Ps up by 13, NASDAQ 100. Up by 102 points. You get the Dow giving back some of those gains. Still up by about 42. We get the crude contract. Trained back lower, 89.70 in crude right now. We'll be talking to our man, Teddy Kegstad, next segment coming up. We'll talk some forex, we'll talk some crude. We'll talk some markets, some yield as well. Go contract down about 13 bucks and folks, check out the next segment with Teddy. If you're not watching currencies right now, that dollar index, my goodness, controlling so much of what's going on across the globe, whether it's currencies or yields that are very related and then commodities follow suit there and commodities a big part of inflation which drives the markets, right? A very reasonable one, two, three step where everything is so interrelated right now. You have yields impacting currencies, currencies, and of course impacting yields, Federal Reserve, central banks impacting yields, impacting the strength of currencies that therefore impacting commodities and commodities weighing very heavily on inflation. One of the big reasons we may be better off than Europe is because of the big problems they got with energy coming for the foreseeable future, folks. We're lying on Russia, hindsight 2020, but boy, that was a big mistake and they're paying for it right now. They have inflation and they have commodities that are gonna be a continuing problem on that economy. The 10 year right now, sitting with a yield of about 3.12%. All right, let's jump around, see how many stocks, some of those fang stocks are opening up, Amazon shares, gives back some of the gains, you got a little weakness right now, Dow just turned red pretty quickly, man. Dow was up 100 points when I was chatting with Kevin, I believe, only 20 minutes ago, S&Ps clinging onto gains by single digits, you're below 4,000 though, Amazon, up by a 30% this morning. Apple shares, up by about 4.10%, Google shares this morning, up by a full percent. Look at that pop on Google shares. See how Facebook's trading, look at that. What's going on with Facebook this morning? We got news? So what do they got? They got 8K filing or something like that. What's going on with Facebook? Maybe somebody's got it in the den, but nonetheless, something's going on, man. You got Facebook up 5.2% right now this morning. Yeah, and they got some news for sure. Facebook catching a little bit of a lift in a flat market right now. And let's jump back to Amazon because I was talking about this earlier in the week, look at that article pulled up here. So it's been five years since Amazon purchased Whole Foods and their CEO is retiring. Amazing that he stayed on that long. Many said, you know, you imagine that Amazon scooped up Whole Foods. What was the plan exactly? Five years it's been now. Amazon, I was reading an article on CNBC last week, I believe 13.7 billion is what they paid for that company not much when you consider the size of the company that Amazon is. They got 500 stores into physical retail. Now, the remarkable thing is here, I haven't read this entire article yet, but Amazon has barely made quite the dent that many had imagined when stocks were reacting the day of, when this happened folks, you had stocks that were in the grocery business tanking. Okay, thinking that of course, Amazon was getting into the business. Last thing you wanna hear, right? They're the king of process. They're gonna accelerate things. They're gonna eat everybody's lunch, okay? But Amazon right now controls only 1% of the US grocery market, 1.3%, okay? To put that in context, I think Walmart is pushing about 19 or 17%. Kroger's is pushing, Kroger, excuse me, is pushing 7 or 9%, I think is the number, okay? So they have barely tapped into what is potential there in that market. And it's important to remember anytime Amazon gets into a business, as much of a bull as I may be long-term on Amazon, sometimes people have the ability to overstate how quickly they may be able to change in industry, just getting into it. And in the dent right now, they're talking about Whole Foods has degraded after Amazon acquired it. I haven't been in Whole Foods in a while. So I'm not really aware of how that's played out, but the bottom line is, Amazon you would not think still would control 1% of the grocery market five years ago when they made that purchase, just something to keep in mind. The next time that they're trying to acquire somebody, you see them getting into healthcare right now, right? The future probably very promising, all right? And healthcare is a little different in terms of the ability for Amazon to function online and how they can facilitate a shift to an online atmosphere for maybe telehealth. The grocery market, which is what people were saying when they got into it, man, it is a tough, tough market. You are dealing with razor-slim margins in that industry, very difficult to turn a huge profit in the grocery business, but the one thing that Amazon could do is they could just run that thing even at a loss, which they've been known to do, of course, to acquire customers, maybe use it as a perk for prime members, et cetera, but remarkable when you think five years later that they control 1% of the grocery market, considering what do they have? Like 50% of the online retail, right? Remarkable. All right, let's jump back to the market because so much for gains. Let's get Kevin Hinks back on the line and ask him what he thinks about now, man. We're gonna have to recalibrate our morning conversations knowing that the market opens and we consider that we're tanking quite a bit. S&Ps just gave up 20 points, just like that folks in the span of about 10 minutes. Very tough to find a bid in this market right now. Let's jump over to the dollar index, see how we're trading right now on that type of action. Dollar index above 109 right now. We're as high as about 109.50 early in the week. You've just been chopping around for a bit. Let's check out yields, how they're moving with some market action right now. Yeah, a little bit of lower price as we climb. We're talking about a 10-year right now, approaching 3.5%, we're sitting at 3.132. So we're approaching, and as Kevin said, crude prices, all right? So we're talking about CPI, we're talking about data that's gonna shape inflation, okay? You take a look at crude prices for the month, and we began the month of August, and it's tough to remember that we had decent numbers coming out of July, but a lot of the impact was the fact that crude prices were dropping the entire month. I mean, look where we started July, about 110. All right, this is the perfect segue as we come into our next segment with Teddy Kakes that. We started July off at about 110, folks. There's July 5th, we had 111.45, okay? We ended July at about $95. Well, what happened? We came into August, August 1st. You start things off with a bang, man. You trade from 98 down to 94. You continue that run, August 5th, make a low of 87.01, and we've kind of been chopping around between 88 and 95, a lower trading range than we had been in for the better part of, again, the month of July. So it's gonna be interesting because even though we've had a little bit of a rise recently, when you look at the entire month of August, crude prices probably gonna be helpful to the CPI numbers yet again. But here's the dilemma. What happens in September, man? Because you have crude jumping around between 85 and 95 bucks for the entire month of August. That's gonna be a tough one to replicate in terms of lower prices. Are you really telling me that we're gonna get 75 to $85 crude? Maybe we do, but that's a tough one when we were just trading 125 earlier in terms of where the run really began. Because there's been broad increases, folks, still in the CPI numbers, whether you talk about shelter, whether you talk about food, still going up. The only reason that it wasn't as dramatic is because you did have decreasing numbers for energy. That's gonna be the case probably barely in August, and probably gonna be a tough one to replicate as we come into September as well. All right, folks, stay tuned. S&Ps, back in the green by four, we're coming back, talking to Teddy, we'll talk a little bit of Forex, we'll talk a little bit of commodities. Stay tuned, folks, we'll be right back. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? 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An investor should carefully consider a fund's investment objective, risks, charges, and expenses before investing. A fund's prospectus and summary prospectus contain this and other information about direction shares. To obtain a fund's prospectus and summary prospectus, call 866-476-7523 or visit directioninvestments.com. A fund's prospectus and 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. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks. We've got the S&Ps right now, up by eight points, trading at $39.96, giving back some of those pre-market gains on the open. Let's jump over to our man, Teddy Kegstad, folks. Every Wednesday, we talk to Teddy at 40 past the hour. Put it on your calendar, but you can talk about Forex with Teddy. Sign up for the Tiger Forex report. He puts out an update every Monday, folks. Goes over a variety of markets. You can check it out right on the front page of TFNN. Under the Newsletters tab, the Tiger Forex report, you can subscribe. He releases that every Monday and updates fall throughout the week when warranted. It covers all the major forex pairs. You're talking about crude in there, 30-year bond, and man, with this market, we got everything rocking right now with currencies. Teddy Kegstad, good morning. Good morning, Tommy. So, we got fireworks all over the place, man. I always enjoy talking crude. We always enjoy talking the Forex markets and how they're shaping things. Where do you want to start this morning as we kind of go around? Well, we can start with the crude market, obviously, very interesting trade going on there in the past couple of days, right? Hoof, you talk about some moves, man. What's your... What I take is that oil is kind of interesting with how it rallied up, and now it's come back. I think the traders are really focused on that recent swing high, more than they are the current swing low that it's making right now. So, I mean, if you look at the currencies, they really were, the oil move actually was boosting the dollar. And now with this sell-off, I mean, it's a very short-term sell-off, doesn't seem to be twitching the dollar very much. It kind of did a little bit early this morning. There was a little indifference around the dollar, if you will. But as a whole, I'm pretty surprised at how it's holding up. And I think that means that right now, they're looking at oil as being a very much and is still in a buy-dip scenario. So, I think that you're looking at a bear trap forming right now. Yeah, from a fundamental perspective of the little fundamentals I understand of the crude market, man, it would kind of blow my mind if you were able to blow through $90, $85 to the downside right now as we come into winter with everything going on, just kind of from a mental psyche type attitude, man. I think I saw $363 at the gas tank near me, $383, something like that recently. Yeah, and I said the same thing, wow. I said, that was a quick pullback, man. I don't think our brains need lower price right now with everything going on in the crude. It sounds horrible. You know what I mean? But that's so- I totally do, Tommy. And you know what, I think it's also reflective of what I just, the point I just brought up is that if you look at the interest rate market, we had a nice bottom last week in the bull of the 10 year and the 30 year. Had a nice little bounce and guess what? Now we are here making new move lows, you know? So that weakness in the interest rate market means that we're looking obviously at the unemployment number coming out. We have some very big economic numbers once again coming out in a few weeks. We have a Fed meeting, you know, that's only three weeks away. And I think that no matter what, the yields are going to continue to press forward, you know, with the trend. And if that's the case, then this little snap back to pressing support and oil I think is going to actually come back, you know, very quickly back to the 90, 95 area. And 95 is the key level, you know? Like if we get oil spiking above 95 this week was crucial in my mind because that's a key directional pivot. The more we flirt with 95, the more likely we are to go back above 100, you know, 100 and 100 to 110 in that area. You know, so I think that really is something that's at least right now is more likely to occur. You know, I mean, I wish oil would go back down to 50, you know, but I can't think about what I'd like. Right now I'm looking at what looks like the reality, you know, and also with the dollar it's being reflective of that also. You know, the reality is, is that dollar strength right now is here. It's not going away, you know? And the other currencies around the world like the UK is in trouble, the EU is in trouble financially, you know? I mean, like they really are coming into the end of the third quarter, you know? And I think that even though Labor Day is something that we celebrate here as after Labor Day, that last few weeks of the trade going into third quarter and third quarter end, I think is going to be very crucial to set the trend moving forward for not just fourth quarter, but maybe even for the next three quarters, you know, as we move forward going on into 2023. And especially interesting, of course, we get non-farm payroll this Friday into it, then we get some CPI numbers out and then you have the Fed, the 20th, 21st, I believe. Jump into the Euro, since you mentioned it. I want to talk about the Euro, of course. We have a question in the den just talking about what the projection is for the Euro in general. But before I get to that, we're at basically parity right now, almost to the tick on the Euro-US dollar. And if you could talk about the Euro and then talk about how you talk about the pound sometimes. For those maybe listeners that haven't watched it and you get that divergence, because we do have, I was checking out pound, little bit of exacerbated action, maybe when you look at the pound where it is versus the Euro, you know, back to the recent low. So maybe we can start off the Euro and then kind of tie in that conversation with the pound in your take there. Absolutely. So right now, you know, the reality is the Euro and the pound have both been beaten up pretty hard, you know, and they are very strong currencies. I mean, as far as size-wise globally, you know, but the Euro, I think, is gonna continue to trend lower. You know, I mean, the reality is that the numbers that are coming out in Germany over the past few weeks have become, I mean, they're just shattering, you know, like the whole concept of having any type of a bounce in their economy. The reality is they are in a recession, okay? There's no doubt about the fact that Germany and as well as the EU is in a recession right now. What type of viewpoint is there out there that it's strong enough that would reverse that trend? There's nothing, you know? There's nothing that they can do right now that they can do things that may put the brakes on things, but they're not gonna be able to get a bounce. There's no strength coming in the Euro, especially the Euro-US dollar trade, unless there's a big weakness in the dollar, you know? So that's why I think you're gonna see the Euro-US dollar trend down to, I mean, 98.5 to 97.5, I think is gonna be the first kind of buffering support where you'll probably see a little digestion occur where it'll probably bounce between that 97.5 and 99 even area as it tries to basically lock in a trade below parity. And I think that's the next thing that we're gonna see as these numbers decay, that we're going to see that kind of, it's not gonna be just a violent trend to the downside. At least that's where the way I'm looking at it. I think the Euro-US is gonna keep on making lower floors and then kind of bobble around, you know? So I would be very careful buying dips, you know? If you have a very valid buy signal, I wouldn't tell you not to take it, but be very mindful of the fact that the Euro-US dollar right now is gonna be in a sell rally forecast, you know? And the pound also, which you mentioned, that one's already making newer move lows. The Euro was the one leading the charge, okay? But now the Euro is hovering at that parity level, which is a very psychic, you know, psychological number, if you will. Definitely. The pound I don't think is, it's not going to parity anytime soon, you know? However, it is going to most likely continue to trend lower. And the fact that it made a lower move low in front of the Euro, that little bit of divergence isn't a buying indication. I think what it means is that you're going to see both of these currencies unravel, you know, some more, especially after we get past Labor Day. I mean, we do have this Fed meeting, you know? I mean, unless you're gonna see the ECB, you know, or the Bank of England come out and say that we're gonna start raising aggressively, what is there to hold it up, you know? So I think that it's just a matter of right now, the swings are, the dollars in a buy-dip scenario, and especially currencies like the Euro and the pound, they're in a sell-rally scenario. So you have to be very careful, you know? I mean, you can enable it, I would say take profits as the market goes lower, but don't try and buy into that right now. Yeah, it's pretty cool. And that's what sparked the question almost, the pound trading below, kind of the lows that it had recently of 118, and it was in a 116 Euro kind of stuck at that level. If you wouldn't mind hanging on for two minutes, Teddy, all right, we'll come back. I wanna talk to you a little bit about the yen, of course, because we got some listeners, and then we got a question in the Tiger's Den just talking about generally the strong dollar and maybe breaking those emerging markets or how you look at that scenario, man, because it's gotta be tough on some of those. Stay tuned, folks, we'll be right back to finish the conversation. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. 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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. We've got the S&P is up 25 points right now. We trade lower, we bounce from about 9.35. We're up almost 30 points off of where we were just in the last 20 minutes or so. We're talking to our man, Teddy Kegstad. So, Teddy, jumping to maybe the yen real quick if we jump over. We're challenging those recent highs. We had 109 yesterday, excuse me, 139 yesterday. We're almost up at that level right now. What's your take on the yen? Oh, I think we're gonna take out the recent swing highs and press to that 140 number. And then I think we're gonna keep on creeping higher. I can see us getting up to probably that 142 half to 140, excuse me, 143 even area. I think then you'll see a little pause. I'm not looking for any really explosive rally against the yen, but just with the current numbers, and also especially with the 30 or in the 10 year pressing on yields higher, I think that you're gonna see the, I think that if oil especially comes back up, you're gonna see it be up at 142 before you know it. So I don't think you're gonna see any really big sell off, or I mean, if these highs get rejected, well, then we may see a nice little correction, but even so I think that's a correction to buy unless you would have to have some kind of action, not speak, but action come out of Japan because we already know that they spoke a couple of times months ago and that didn't yield anything. So until they actually do, I would say that the trend is your friend and we're gonna see higher move highs. It's a tough take to argue against, man, a lot of green bars on that chart of the US dollar yen. And just in general, they were talking about in the den, man, the strong dollar, it's gotta be so tough. Even on Europe, they're dealing with such woes right now, but then you put it on to emerging markets. Is that something you're looking at at all? I mean, obviously they're in trouble, but where do you see that shift, man? Cause I can't imagine trying to be in some market like that where you get the dollar just crushing you as you have their costs rising anyway, let alone the currency problems. Great question. This gets back to, I think it was already four or five weeks ago, I brought up the velocity of the dollar and how it was crashing and its impact on global markets and especially emerging markets, those with lesser values. Yeah, it's gonna continue. We have another good year and a half of this, the dollar strength is gonna keep impacting those markets. A year and a half. Yeah, the trend seemed like they're in place, man. I like to take. Teddy, thanks as always, man. We'll talk to you next week. Folks, try out the Tiger Forex Report, 30 day money back guarantee. Stay tuned for Basil Up Next.