 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Tommy O'Brien. Good morning everybody. I'm Tommy O'Brien, company alive from TFNN just after 9 a.m. Eastern time Tuesday morning. Hope everyone had a great Memorial Day weekend, three-day weekend back to the market, and we pick things up in negative territory and we start things off. Now, futures actually trading over the overnight, even in Monday action. You made it above 4,200. So we start the futures off in the S&P, negative by 25 points, but we are 72 points off of the highs. Now, I wouldn't give as much credit to that high. Talk about thin trading. When you're talking about May 30th, early, early 5 a.m. Eastern time of 4,202, but it's been a slow descent to 4129. We finished last week Thursday and Friday with remarkable action to the upside. Pretty amazing. We have a 3,800 print one week ago, folks. Tuesday morning, excuse me, 3,872 in the S&Ps. We trade up a solid 300 points to the upside and just like that, we backed off a bit. Now, start things off. I'm going to back things up on a daily. What I do want to point out here, that run that we just had, you had lower prices coming at you for the entire month of April, a lot of May. You trade from about 46,31 is the high on March 29th, down to a low of about 3,807. Now, where you want to put the low here, okay? We have a Fibonacci retracement level and the point is we just popped to pretty much a 3,802. Now, where are you going to take the bottom line of that? Okay, you could go all the way down to 3,807. I kind of lined it up with the bodies of where we were on May 12th, where we were on May 18th, May 19th, 20th, 23rd, and we made it down there as well on the 24th. If you do, let's activate that. If you do bring this down to about 3,807, then you see that we made it just over that price level. But something to keep in mind, that bounce that we got, and boy, that bounce, it only took four trading sessions, May 24th, 25th, 26th, and 27th. That was Tuesday's low in the S&P. So in four trading days, you basically get up to the 3,802 that we've been in for six or seven weeks. Okay? Keep that in mind. Is it a bear market rally? I think it's Morgan Stanley out there, saying potentially it is today. We'll jump over to that in a moment. Let's continue with the market wrap. We get the Nasdaq 100. You're negative by 44 points right now. You get the Dow, now the Nasdaq 100 as well. Back to a short-term timeframe chart. You're about 250 points off of the highs that you had. So you're negative by 40 points, but these markets were much higher in a very, very thin market, of course, for the Memorial Day when futures were trading. Dow off 212 points were under 33,000. We were as high as 33,434. We jump around to Bitcoin. So Bitcoin catches a little bit of a bid, man. Last Tuesday, you're at 28,000. The low was actually Thursday at 27,995. You opened at almost 32,000. You got Bitcoin up almost 3,000 on the session. We'll see if it holds this week. Bitcoin particularly volatile. You have gold right now. Negative by $5 on the session. You have... There's Crude. Talk about a one-way ascent, man. We did just pull back almost a dollar. Look at that move, man. We pulled back almost a dollar in the last 20 minutes. But when you put Crude... Let's just put it on 30 minutes. You talk about a run, man. A week and a half ago, what day is that? May 19th. So 12 days ago, you're at 103. You're at 118 right now. And just look where we were Thursday, man. You were trading at 111 on Thursday. And you put this thing on a daily. We're pushing 120. Haven't been at that level since that, like, three-day peak that we got up to 130. We're now above the highs in Crude that we had on March 24th. We're above the highs that we were on May 17th. Crude up another $3.56 at $1,1863 coming off the Memorial Day weekend. That's some serious action, man. We jump over to notes and bonds. Back to lower prices and higher yields. Jumping over right now, we're looking at a yield pushing 2.86%. 2.86%. Look at that drop-off we just had, man. Now, on Sunday, you were trading from 120.06, but just in the last few minutes, 8.15 a.m. eastern time, you spiked from 119.19 down about 15 ticks to 119.06. We're five ticks off of the low right now. And yeah, you're talking about 2.86%. We were at 2.73% just last week. The movement in those yield and note market, pretty remarkable. And with that, we jump over to home prices this morning. So we get the jobs number on Friday. We got some big earnings out. We'll go over those as well. We got home prices data out this morning. How about 20% in March as interest rates also rose? So nationally, home prices 20.6% higher than they were in March of 2021. This one's amazing, folks. The 10-city comp rose 19.5% annually in March up from 18.7% in February. My feeling is if you got a lot of investment properties, folks, this one could take a little bit longer. But boy, when you look at the impact that rates are having on what consumers can buy for houses, you can't tell me that they're going to go up forever, man. I know rents are going up at an extreme level. So it's not like it's 2008, but you can't go up at 20% forever at the same time that you have rates going up, causing the normal consumer an extremely higher payment. The 20-city comp, 21.2%. Average rate on a 30-year fixed-rate mortgage was 3.3% at the start of January and ended March at 4.7%. I'm rounding. We're sitting at what, 5.2%, 5.3%. Maybe we're down a little bit since yields got back to about 2.75%. Regionally, Phoenix slipped from the top gainer for the first time in three years with Tampa taking over. This market's crazy, folks. Tampa, Phoenix, and Miami continue to see the highest gains with increases of, get this, 34.8%, 32.4%, and 32%, respectively, 34.8%. 17 of the 20 cities reported higher price increases in the year ending March 22 versus the year ending February 2022. The smallest price gains in here, folks. Minneapolis at 12.4%, Washington at 12.9%, Chicago at 13%. Part of the reason why I moved down to Tampa 17 years ago, my goodness, is because of the cost of living. I think that's changed, folks. There's been a repricing in this market. There's been a repricing in many real estate markets across the nation with people moving, becoming more mobile, becoming able to work from home with greater capacity. But that doesn't mean you might see a little bit of a pullback, folks, when you have a 35% rise in the price. You know, especially some of these markets, right? And I'm a full believer in Tampa. Beautiful St. Petersburg. But when you have rates rising at the level they are and you have this type of price appreciation, you have to figure out what that's doing to people that can pay that type of a payment because you have a 34.8% rise in just the price and then you have the increase to the payments going from 3.3%, what, 3.3% did they just say about a year ago to 5.3%? Yeah, 3.29% one year ago. That is a huge dramatic effect, folks, when you think about it, because 34.8%, right? That means a $300,000 house is now going for $400,000, even more than that, actually. So a year ago, you're buying a $300,000 house at 3.3% this year. You're buying a $400,000 house at 5.3%, causing that payment to be dramatically higher. Maybe my dad and best friend will have to run those numbers on Friday as they do sometimes when they talk a little real estate, because it's big numbers, folks. These numbers, 34.8%, and it's there. The numbers are there. The real estate prices, they are up that much. That's not funny math, okay? Yeah, they're not going to go into the tank, but if you've got investment properties, man, do the math on what those can do. Stay tuned, folks. We'll be coming back, talking to our man Kevin Hinks. We'll talk a little earnings this week. We'll be right back. In a time of booming inflation, we are purchasing powers eroded. There's no better place to protect your harder and money-thinning gold. This-the-goals 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-goal just completed the Monk Todd Feasibility Study, which resulted in a 7 million-ounce gold reserve in a 16-year mine life. 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We have the opening bell coming up in about 12 minutes. All the market's somewhat near flat territory. You get the Dow floating with 33,000 right now, 32,966. You're negative by 192 points on the session. We jump over to that crew contract back above 119. We're floating right at 119 right now on the Dot at Crude, up $3.96 to start off the week. All right, I wanted to talk a little earnings this week in terms of what we have going on. Checking out a chart here. Lots of companies coming out. Some of the ones that jump out. We have Salesforce after the close tonight. We got Victoria's Secret after the close tonight as well. You go forward in the week. We have GameStop and Chewie after the close on Wednesday. We're going to talk amongst some others. In your jump to Thursday, we got Restoration Hardware, Lulu Lemon, a big one on Thursday after the market as well. Some earnings coming up. And what do we get on Friday as well, folks? We get employment numbers for the month of May. Today, the final trading day of May. Tomorrow, June 1st, remarkable. So we'll get non-farm payroll numbers on Friday. For the month of May, we'll get wage data on Friday as well. Always an important one. Yeah, the week is going to move quicks with data, folks, as we come into June already. You're seeing that housing data out this morning already. All right. Jumping around to some of the other articles I have pulled up. I talked about it at the start of the program. Morgan Stanley says, the U.S. stock rally has limited upside. Growth is slowing and earnings estimates are too high. It's going to be about earnings, folks. You've seen that play out recently in the last couple months. So Morgan out. Morgan Stanley's Michael Wilson. U.S. equities. The rural relief fund. The rural relief rally has limited scope to go much further as risks to growth remain prevalent. The one thing I will say, folks, with everything going on in this market, right, the S&Ps, we're just trading at 4,200. 4,800 was the high. You better believe that we're getting up to an area where we need to sort out what's going on from a growth perspective, from a China perspective, from a supply chain perspective, add in the rates rising to get inflation under control. They just went over the real estate numbers, folks. Tampa is up 34%. That is going to matter tremendously. Okay. Now, let's jump over to, and they go through further areas of this, okay? They're looking for a maximum of 4,250 to 4,300 points in the current rally. That's a 3.4% gain from Friday's close. They talk about the Nasdaq 100 being more volatile as usual. Take that for what it's worth. Now, a nice article here from Bloomberg talking about supply chain relief sparks feud over a degree of softer U.S. economy. So this is out from Brendan Murray, not familiar, but May 31st. That is today, folks, two in the morning, all right? Some great data in this piece. If you have a Bloomberg subscription, check it out. If you don't, I encourage you. It's one of the best points of data that I go through each morning about the market. And some of the data that they talk about in here, there's some conflicting reports, okay? So number one, you have corrugated boxes. Some calling it the canary in the coal mine as the delay there for corrugated boxes, softening, but you have data on the other side of things. Some pretty cool shipping pallets are a guide. Demand still looks solid. Well, aren't they used in shipping pallets to ship things that are in boxes? Don't they go hand-in-hand? Why is there the divergence? You figure that one out, folks. You'll solve the problem. So some of the data that I found cool in this article. 25 cargo ships headed to South California's two big ports. That's less than a quarter of the record backup that they had in January. They must have had a 100 plus back there in January. Spot container rates have dropped almost 20% this year. The average trans-specific shipping journey of 102 days right now is the quickest since November. I hadn't heard any of that data. That's pretty good data when you look at a backlog getting un-backlogged. 25 cargo ships that's down from a hundred where it was in January. Spot container rates down 20%. Trans-specific shipping journeys taking about three and a quarter months. The quickest since November. It's about to be June. So you're talking about six months ago. Delays moving containers out of rail depots in Detroit and Memphis are shorter than they were in September. Okay? And here's the kicker though. But for every sign that a cooling economy will give supply chains room to rebalance there's a reason for skepticism. Let's do the other side of this now. On the east coast, ship bottlenecks are building again. The dwell time for containers is still climbing at rail yards near Chicago and Kansas City. At 9.6 days in April, the wait to move freight on rail from adjoining ports of Los Angeles the longest since July. It's almost a year. It's going to be June tomorrow. And as they say the muddled picture. Okay? So they get into more action in terms of what the data is. Pretty cool. Falling lead times for corrugated boxes. Single signal a softening U.S. economy. So you're talking about 14 days from order to delivery for corrugated boxes. Right now you were as high as 22 back in February. The 14 below where you were in November that's what they're talking about. So, corrugated boxes, right? That one's easing for sure. The lowest value on this chart. Flatbed trucks we're going up folks. U.S. flatbed truck rates excluding fuel surcharges jumped in the pandemic only down about 3% from the peak reached a year ago. These rates are still almost 57% higher than they were in May 2019. They call that a real-time pulse of physical commerce is the prevailing rate to move goods on flatbed trucks excluding fuel. Let me get that exact quote. Fuel surcharges freight trains. Okay. Now they got it here. North American rail volume during the first 20 weeks of 2022. So 2022 on this chart is going to be in the black. Okay. They only have we're only into May. So this one drops off versus every other year. The previous year 2021 is in green. Okay. We are under where we were in green. Now, North American rail volume during the first 20 weeks of this year totaled 13.5 million car loads and intermodal units down 3.8% from a year earlier. So far this year intermodal volumes those goods traveling by Seabroad and rail have largely mirrored 2019 levels but trailed 2021's traffic amid lingering congestion. The blue on here is 2019. So you can see where we are right near the blue where under where the green was for last year. Shipping pallets still going through the roof. The cost of wooden shipping pallets continues to hit records this year. At Virginia Tech home of the nation's leading pallet engineering lab. I'm taking some time for this but it is great data man. They claim pallets move the world. It's not much of an exaggeration given there are almost 2 billion pallets in the U.S. alone as goods purchases outweighed services spending over the past two years prices for the new wooden pallets a base of a so called unit load have jumped 59% nationally since the start of 2020. And here's the kicker they're still rising pallet manufacturers and recyclers remain very busy. Many are worried about a downturn that could be coming but they have not seen it materialize yet. So you go through all that data man. It's pretty cool in terms of which way they go. Not all of that data pointing to a huge slowdown at all but you do have some indications of things easing dramatically whether you're talking about those shipping delays the port delays the Trans Pacific time to get across the Trans Pacific and then you look at the cost of boxes that are going down as well. So there is some easing going on right now. But boy you saw the other side of that there's still some backlogs and China is the factor man. They are dealing with some COVID shutdowns they're dealing with COVID later than all of us and there's no reason to think that that can't come going back in the next few months. Stay tuned folks we're coming back for the open. To see for yourself the types of profitable trades that are recommended within the goal report sign up now by visiting TFNN.com Don't miss out on the next great gold trade. Sign up today. 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into the green for the open by five points S&Ps negative by about 15 points right now at 4140 as I mentioned overnight you were trading at 4202 we closed out last week Friday's action at a price point of about 4155 is that where we were yes it was there's four o'clock 4155 or so in the S&Ps where we closed out the action you trade higher pretty dramatic action I was thinking at that time didn't quite see it at 4200 did see it at one point when you had the S&Ps up 30 to 40 points this really going to hold until the open seems like so light trading over Memorial Day weekend not that hard to push it up not sure that was a real you know acceleration to higher prices hindsight always 2020 but we open by 16 points right now you have the Dow opening by 214 we're just under 33,000 Bitcoin 31,800 you almost just traded at 32,000 for Bitcoin crude not stopping we just almost hit 120 look at this volatility in cruise that a real print yeah I think it is a real print remarkable you got a pop from 928 929 look at that on a minute basis the volume we just got almost 4,000 contracts traded to push that thing back down from about 120 to 119 that's a one minute chart that you're looking at folks in crude watch out in that crude market all right let's jump around some of the thanks doc see how we're open in the trading week Amazon in a negative market Amazon catching a bit up 1.4 percent right now you're up 32 bucks on Amazon we jump over to Apple the big dog Apple is flat this morning 149 63 you jump over to Google shares up a percent man so you got Google up a percent you have Amazon up 1.4 percent Microsoft's negative by about three quarters percent I was going to say hasn't asked that 100 negative even when you just have a company like Apple you have a company and I think Tesla's positive today as well right yet Tesla they're chatting about the tiger stand up about two percent up $15 to 775 let's jump to Twitter see how they're trading on the whim of Elon Musk Twitter flat to open the trading week at $40 and 22 cents so I talk about we get some earnings I believe we get let's check it out is sales force today it may be let's jump over to the analyze tab you jump to the earnings tab they show our sales force they got their earnings after the bell tonight you're looking at a stock trading at $165 you have a $13.71 move now again our man Kevin Hicks is explain this many times he's does the best job of explaining how this number is generated but for the purposes of just understanding it this is the market maker move it's the expected move hinging on some type of event okay so this move has to do with what is priced in for the event which is earnings tonight now when you look at the implied move for the week okay if you're trading Friday's expiration you're trading move a move of $15 okay there's going to be implied volatility left in this option chain come tomorrow after the earnings are announced and you'll probably be looking after we have that number of the difference between the two which is about a buck 50 and what's so cool to make sense of this is you want implied volatility through this week you're paying $15 of movement in either direction is the implied move that is into the pricing of those options okay and I just said to you well there's about a $13.50 one cent move priced in just for the next day for their earnings so you have about a buck 50 for the rest of the week we know what's so cool is you want to go out the next week yeah you're looking for $2.60 cents for the extra week but keep in mind folks it's already Tuesday trading is open that would get you a full seven extra days versus realistically right now it's Tuesday that contract only gets you through to Friday and you're going to pay a buck 50 extra in option premium for Wednesday Thursday and Friday keeping that in mind so interesting to understand that sales force out with their numbers after the bell we have Victoria's Secret we may get Victoria's Secret after the bell today as well yes we sure do so there's some volatility for you they spin off from Bath and Body Works they separate those two companies it should be Bath and Body Works spins off Victoria's Secret almost but Victoria's Secret $42.46 sock you pull up the chart this thing only goes back to when they got spun off which was in August of last year got a little bit ahead of itself to 76 bucks to say the least you're trading at 42 bucks right now Victoria's Secret that's some volatility premium for you folks what is that 13% potentially on their earnings after the bell tonight $5.47 cent move implied for $42 stock all right let's take a look at some of those other equities yeah so we got Victoria's Secret we got sales force HP they're out with their numbers after the bell tonight let's take a look at some of these the fan favorite of course GameStop see how they're trading this morning we have S&P's falling off right now folks you get the Nasdaq 100 down 100 points S&P's right now down 38 keep in mind the futures were trading at 4200 again not a very real number super light trading overnight into the holiday weekend while futures were actually open but you're solid 85 points and the futures were at overnight GameStop as I mentioned out with their numbers after the bell tomorrow you want some volatility premium playing options man how about a $24 move priced into GameStop but if you're selling somebody an option folks you're selling somebody defined risk if you're selling somebody defined risk in GameStop going into earnings are you going to demand some premium you better and that's why they have a $24 move GameStop you're down 2.3% right now and geez you want to see a trend line haven't had this one up there since March but check it out I'm just going to extend that one to the right be careful folks that looks like we have lower lows and lower highs in this stock we were up to a high of about 200 back in March 29th we were up to a high of 250 back in November we were up to the high of what 340 back in last June almost a year ago $24 move priced in the numbers what's interesting here is that 24 bucks would that pop you out to about $157 almost right at that line I guess that line be about $153 so it's about a $20 move to the upside hit you that line to the downside keep in mind folks you just traded this is a daily chart did you hear me this is a daily chart in 2 days last week you traded from $90 to $150 you better believe there's going to be some volatility in the earnings sometimes though it doesn't even play out because this stock is really not trading off their earnings right now that's the story that is behind that company so be careful all right what else we have on Wednesday we have Chewy hey they go hand in hand you got the guy that started Chewy running GameStop why not put the earnings next to each other and check out that chart another kind of pandemic darling traded from 20 bucks up to 120 and traded right back down to 22 22 that is a weekly chart that was the low last week they're out with their earnings Wednesday after the bell you jump over to the analyze tab that's a move for you as well man 20% price priced into that equity for their earnings and as I mentioned they're out with their numbers tomorrow after the bell for Chewy shares and jumping forward into the week and seeing what we have yeah we got what net app is out with their numbers yeah these are the ones to jump out really so keep in mind in terms of having volume right and being a liquid stock that maybe you're going to trade earnings maybe you're going to trade options any time you're trading options folks you really want to try and trade in a liquid equity because when you have an option chain underneath an equity if you have an illiquid equity then you're definitely going to have illiquid options if they're even offered because think about the number of different option chains think about the number of different strike prices I should say right you have strike prices up and down the line you have puts on one side you have calls on the other side if the exact strike price you want to get into whether it's a put or a call if you want volume in that to get the best execution possible now you can always go out in the bin and ask okay but if you want some liquid markets the best chance to get a fair execution and that's why you always want to try and do a little price discovery if you're not familiar with it folks check out the program Fast Market right here at Tiger TV from Fast Market from Kevin Hinks Tom White every day at 12 noon they do an outstanding job but then Thursday we're going to go over after we get back from the break you got CrowdStrike, Lululemon Restoration Hardware those will be the big ones you have Asana in there as well Hormel Foods is out early in the morning on Thursday Duluth Trading is out as well but those will be the big ones so we kick it off with Salesforce after the bell tonight HP after the bell tonight Victoria's Secret a little retail Aimstop and Chewy on Wednesday Hewlett Packard Enterprises on Wednesday and Thursday CrowdStrike Lululemon Restoration we'll go over those Thursday once we ever we'll be right back 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 looking to sell your current property for 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 one of the biggest decisions of your financial future called 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 to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific locations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at TFNN.com for only $37.50 sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try at risk free today with our 30 day money back guarantee TFNN educating investors will the S&P 500 continue to climb for bold trades on US large cap stocks in either direction trade SPXL SPUU or SPXS directions daily S&P 500, bull and bear leveraged ETFs direction leveraged ETFs an investor should carefully consider a funds investment objective which charges and expenses before investing a funds prospectus and summary prospectus contain this and other information about direction shares to obtain a funds prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a funds 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 distributor for side 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 got markets falling apart a little bit as they were just talking about in the den pretty quickly S&P's off 1.2% we'll call it 1.15 rounded up to 1.2 you're trading at 4108 right now almost 100 points of where we were overnight and man you talk about an open we just dropped 2 points in a heartbeat folks in the S&P NASDAQ 100 you're negative by the exact 1.1% as well 12,537 the Dow's off 400 plus right now 32,744 and you got the Russell off 1.2% as well 1863 Bitcoin a little bit of a back off as well just off the highs you're down about 700 bucks off of those highs 31285 Bitcoin still positive by 2500 bucks over the weekend you got Ethereum up about 11% sell off as well for Ethereum all the markets selling off a little bit right now just give me one second folks okay and we jumped accrued you back off a bit we're trading just at about $119 right now the price accrued Gold's off $1 at 1856 and we jumped to notes and bonds a little bit of volatility around the open man 815 you're trading at 119.19 you trade all the way down to 119.06 we almost get right back to that same high we did 119.19 excuse me 119.19 and we backed off a bit right now you're talking about yields we're pushing 2.85% the yield on the tenure okay jumping back to a little earnings this week I talked about it on Thursday after the close CrowdStrike Lululemon and Restoration Hardware let's take a look we'll pull up CrowdStrike to kick things off there's some context for you we need more context than that though because there's a pullback you trade from 31 bucks up to 298 back off we just touched that 618 folks put it on your radar maybe that's the low we'll find out that was a similar area that you had support for CrowdStrike back in 2020 CrowdStrike a few weeks ago trades down to a low of 130 on the dot we're trading at 166.64 you're negative barely on the session right now and that's what the S&Ps down 50 points so overperforming the market you could say we're going to put it back on a short-term timeframe quite the quite the acceleration some of these stocks in the pop we had last week man you're up $30 since last Tuesday in one week was that 25% almost on this equity be careful when the stock goes up 25% the five trading days coming into earnings folks we jump over to the analyze tab they're out with their numbers Thursday after the bell they got about an 11 or 12% move priced into their earnings so volatility an $18 move priced into their earnings on Thursday keep in mind though we just traded up $30 in the last week coming into that event got quite a pop to the upside all right we get Lulu lemon out with their numbers Thursday as well but a 9% move $27 move priced into Lulu you're at 292 this thing has been very very strong even with the pullback well there's been quite a pullback over the last five weeks I guess I was going to say strong as in I remember 400 so much for that you traded down to 250 you train at 291 right now you're negative by about a 30% right now with the S&Ps negative by 1% and as I mentioned they're out with their numbers Thursday $27 move priced into that equity and pretty remarkable that you're sitting kind of right at this area of support that you've been in since the better part of 2020 you take a look at the full Fibonacci retracement from the COVID lows to the peak high last year and it also touches right at that 618 a lot of these growth stocks very comparable some of the pullbacks the 618 it's all over this market there's Lulu there's CrowdStrike did you almost see those two not even change there's Lulu there's CrowdStrike some volatility in between but they both peak late last year you get a bit of a sell-off you have a spike going into the beginning of April and then you dive right to the 618 so we'll see how they trade and the other stock restoration hardware well you talk about a pullback I know this one's pulled back man way below the 618 so this equity goes from $73 you get 10 bagger up to $744.56 you consolidate for the better part of last year and then you dive right back to pre-COVID levels you're negative by about half a percent right now you jump over to the analyze tab you're talking about maybe an 11 percent move priced into restoration hardware coming out with their numbers after the bell on Thursday oh boy you talk about that pullback now that one looks different that one does not look like CrowdStrike or Blue Lemon in restoration hardware man what happened to them being so well positioned to handle that maybe you get a pullback right maybe the wealthiest of all going to handle things a little bit better when you're talking about home decor not so much the case man this stock more than cut in half and boy you basically got cut by a third when you were trading at 236 236 from 744 and keep in mind that just was not a flash high there was a lot of action last year where you chopped around between about 625 and 725 you did hit 744 trading a 290 strong company Buffett's got a position in restoration hardware I have a small position in retirement portfolio which I got now at 744 bought tiny tiny position in the long run they'll be okay there are they are well positioned because it's a nice sector to be in when you're selling goods to people at the prices they're selling them at for home decor and that's never going to change folks we are spending more time at home forever Amazon continue to pop man look at that pop so Amazon you talk about a different move that one almost looks like restoration hardware right you trade up to elevated prices you chop around for a bit you dive all the way back to pre-covid levels that's what Amazon did you're trading up 2.6% for Amazon as the markets getting pretty clobbered right now interesting Walmart down 410th percent jumping around to some retail retail target down 1.6% right now Kohl's down 2% right now Nordstrom's down 2.5% Macy's with some strong numbers last week they're down about 410th percent let's jump around to some of the banks see how they're trading JP Morgan down about 610th percent right now yet they traded back some pretty harsh Bank of America from that full run you had you just touched the 618 here Bank of America trading from what 23 bucks November of 2020 you dive up to 50 we pull right back to the 618 we're sitting about 50% right now for Bank of America folks we got a treat a week from this coming Friday so you're talking about Friday June 10th my dad he'll be doing an all day webinar from 9 a.m. till 2 p.m. so it's 5 hours he'll be in there alive it's going to take place at our discord server the cost is 295 dollars folks with that comes a month of his market insights newsletter that's 169 dollars you get a physical book of his art of the timing the trade excuse me art of timing the trade your ultimate trading mastery system so you get a physical copy of the book mail to you that's an 88 dollar value the cost is 295 so you combine the 169 plus the 88 you're almost near that 295 price point just by those two products alone 5 hours with my dad he'll be in there talking about his entire trading methodology folks he'll go through it all quality volume ABC structures Fibonacci confluence zones Fibonacci in general you combine them for confluence zones how to use them when entering and exiting trades cause and effect and swing points all of that much more he'll go through the fundamentals of his trading methodology from his book the art of timing the trade chart charts check that out it's a week from Friday if we do reach 40 participants so we'll probably cap it at that level that's just the number that works best for just the whole day the education being in the room the ability for him to share his screen with everybody at once in that room it just works better that's a good number anyway if we do hit it will cap it so please don't wait you sign up you get the newsletter right when you sign up and we'll send that book out to you as well and yeah that'll be a week from Friday encourage you to check it out 295 dollars isn't one of these in a couple years we're looking at least I think it was April of 2020 so every couple years there's your opportunity folks a week from Friday with my dad check it out we'll be right back to finish up the show 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 and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 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 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Fibonacci 24-7 newsletter today TFNN.com educating investors this segment is brought to you by thinkorswim for more information just click thinkorswim banner on the front page of TFNN.com welcome back folks we got the SMP is negative by 42 points right now you're trading at 41 15 keep in mind folks we were trading at 38 72 a week ago so still quite the acceleration in these markets you back things up on a daily basis to see we are we just got that acceleration to a 3A2 from that entire move lower folks from the end of March to the lows that we made on May 20th as I started off the program if you didn't catch it this market just took four days to crush a 3A2 retracement of the entire move down hopefully this isn't the start of the next leg down folks because that's only a four-day reprieve yeah it seems like we're back at lofty levels and we are when you're sitting at 4200 but keep in mind how quick this market can move 4115 just like that out of the gates all right in terms of what we have happened in the market how about Deutsche Bank they're back in the spotlight for some not so good reasons again their office rated over allegations of greenwashing so the Frankfurt office is searched by the police the raid adds to pressure yeah from their chief executive I would say so not sure what that really means or anything Deutsche Bank really not trading too much lower so far on that news but pretty remarkable how they continue to be in not so limey light to put it lightly not the best phrase but either way you get the point and how about this article so out this morning on bloomberg so anderson harwitz funders funders fund back genomics start up existing exiting stuff let me get that one yet funders fund back genomics start up exiting stealth they gotta work on their headlines man uh ultimate genomics is coming out of stealth mode after raising six hundred million dollars folks the company valued at two or three billion dollars I think is what that pegs it at and with this article talks about this company so ultimate genomics it's private they just raise money but man the future is gonna be wild folks because you look at it okay and what they're trying to do is they're trying to sequence a person's genome for one hundred dollars once it gets down at that price level the goal is to help enable researchers to more easily examine data for large populations now listen there's there's uh definite questions okay about this technology how it will be used etc but from a health perspective it's pretty wild when you look at that they're gonna get everyone's genome that's the deal alumina is in the big market right now for that but they charge five hundred six hundred bucks and they're gonna bring it down to a hundred bucks future is wild thanks so much to start your trading week with me folks stay tuned dazzles up next Dave whites back today as well have a great Tuesday everybody