 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good Tuesday morning everybody. I'm Tommy O'Brien, coming to you live from TFNN 906 AM. Tuesday morning, we got about 24 minutes to go until the start of trading. All the equities in positive territory indices, I should say, S&P up 15 points right now, trading at 44.93. You look where we are. We're about 1% away from all-time highs, quite a rally. We have had NASDAQ 100 up 37 points right now, 15,000, 328, you get the Dow up 125 points right now, 35,257 in the Russell, positive by 10. Bitcoin could be a big day for Bitcoin. We may get the first official Bitcoin ETF today, Bitcoin holding up relatively well. We're talking about 62,655. You take a look at the daily on Bitcoin. You're talking about all-time highs within about 3,000, basically sitting at all-time highs. You see where we chopped around? Ironic, that's the day that they pushed out Coinbase. It'll be interesting to see how we react with Bitcoin, literally touching all-time highs as we have an ETF come to market. Now we're gonna talk about Bitcoin a little bit to start off the program. You look at where Bitcoin has been folks, you back things up in terms of futures, right? We're talking about futures go live December of 2017. Now Bitcoin has charts to go back further than that. Maybe I'll pull up one of the online exchanges to get a chart prior to 2017. But if you're talking about futures, that's when the chart originates. Bitcoin was parabolic into the run up to that price point. Right now it looks like that's actually a very tiny price on this Bitcoin chart because the rally we've had in the last year or so, Bitcoin, for the first time when they went regulated futures, you traded from 20,000 down to 3,000. Over the course of the next year, I have chuckled because it almost seemed too easy folks. At the first time you could short Bitcoin in a regulated environment and man, did they ever quite a trade. But since then Bitcoin, and look at this acceleration, you just traded. Now this is a monthly for the month of October, it's only October 19th, we're up $20,000 from a low of 43,000, we're at 63,000. Be careful here as we come into basically all-time highs with Bitcoin going to an ETF. We'll talk about some of the other facets of an ETF, how it might differ from some of the other commodity ETFs, which are based off futures prices as well. Speaking of commodities, we jumped accrued, there's a monthly, that's a little bit of craziness. We'll see if we get up to a hundred where we chopped around and accrued for the better part of almost four years. Think about that, right? From 2011 basically, the beginning of 2011 to the middle of 2014, you had Bitcoin jumping from anywhere between about 80 and almost $115 before it sold off on 2014. Yes, 2014 is when it sold off. We're now basically above any prices we've seen going back accrued to the late part of 2014. Now you take a look at the 15 minute for some action, accrued makes a high of 83, 18 yesterday, we were just almost at those price levels, we're sitting right now up 33 cents at $82. Gold catching a little bit of a bid. Talk about some volatility recently on gold. Up to 1801 last week, we start off this week at around 1770 this morning. We're up almost $20 at 1785 and gold. Silver's up almost 90 cents. Look at that running silver from 2320 overnight. We're trading at 2415 right now and we jumped to notes and bonds. We pulled back towards the end of last week. We hit a low of 130, 14 remarkable. When you look at the move, I talked about on my program yesterday and interesting that we made lows almost right around my program yesterday, but you're talking about a move of a full point and five ticks. We trade lower. That's indicating higher yield, lower price, higher yield this morning, down two ticks, 130, 22 on that 10 year. We jump over to the volatility index, so much for volatility premiums. We're sitting right near 16 at 16, 16. Historical mean, historical average for the VIX volatility index, 16. We're right at that historical average. You take a look at the daily, quite a drop off on volatility. We persisted above a price of about 18 for a while on that volatility index. We got a spike high of 28.79 in September, but the markets have almost gotten it all back just for some context here. Taking a look at the S&Ps, I mean, look at this. 45, 49 is the all-time high in the futures. We're trading at 44.92 right now. You're up. I mean, what was the low we had here going back to the beginning of October? It was all a September collapse. Look at that. From September 3rd, we had an all-time high. October 1st, the run begins from lower prices. You're talking about 42.60. We have gained 230, 230 S&P points in October alone, clawing back almost all of the September losses. Now you take a look at the NASDAQ 100. Again, a little bit further from all-time highs compared to the S&P. S&P sitting almost 1%. You're about, what is that? 400, 375 points, maybe just over 2% from all-time highs in the NASDAQ. The Dow within about 1% as well. You're talking about 35,547. We're trading right now 35,253. I'm not sure anybody imagined that the, now the Russell, why not finish it out? Little bit of a different story. This consolidation in the Russell stretches back to February of this year. We've been chopping around between about 2,100 and 2,366 is the high. We're trading at 2,274. So you still have a little ways to go to all-time highs on the Russell. But man, we're within a stone's throw. The Dow, we could hit that today. We're only at what's at 300, less than 300 points away from all-time highs, which is nothing now in the Dow when it's trading at 35,000. NASDAQ 100, the furthest from the all-time highs, 15,323. So you're talking about just above 2% and S&Ps about 1%, remarkable. All right, let's get back to Bitcoin. Bitcoin, on a daily, there's the volatility that you've had, 62,695. Let's pull up some of the headlines. Before we do, one economic indicator this morning, housing starts fell last month, led by multifamily slowdown. So this was out at 8.30. You have housing starts. Residential starts fell 1.6% last month to 1.56 million annualized rate. The market was looking for 1.62 million. So a little bit off that number, applications to build a proxy for future construction fell 7.7% to an annualized number as 1.59 million units in September. That's the largest monthly decline since February. Cheap borrowing costs and a pandemic-fueled migration to the suburbs supported housing demand and construction through late last year and early this year, but high material costs, unpredictable supply chain delays and labor shortages, I imagine this one is having a huge impact on housing. And my dad can talk a little bit about that. This evening on his program, coming up at three o'clock, he deals with it. When he's building, he tells me about it. Single family starts were unchanged at an annualized 1.08 million as multifamily starts, which tend to be volatile and include apartment buildings and condos decreased 5%. So quite a number there out at 830 on that real estate market. All right, now we go to Bitcoin. Bitcoin pushes toward record before debut of futures-based ETF. So ProShares poised to launch their ETF today. Now they get into a couple of times. We're gonna come into the break in about a minute here. So we'll talk about this a little bit more. We're gonna be talking to Kevin Hanks coming up in the next segment, it's earning season. We got Netflix earnings tonight, folks. We got a lot to talk about Netflix. We already have some earnings out this morning, but Netflix, we jump over to the analyze tab October 19th, talking about almost a 5% move priced into Netflix earnings. Quite a run this has had from 500 and change up to 637. Always interesting when you have an equity pushing all-time highs as they come into an earnings event, that's what's gonna happen tonight. We'll see if they live up to the valuation. I think it's about $19 billion in market capitalization they've gained just from August. Now you take a look at the fundamentals of this company under the fundamentals analyze tab on the thinkorswim platform. Yeah, there are $282 billion company at this price point. How many shares they got? $442 million. Quite a run. Stay tuned, folks. So we come back, talking to our man Kevin Hanks from TD Ameritrade Network Fast Market. 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You're trading at 44.94 within about 55 points of all time highs, NASDAQ 100 up 17 points right now, excuse me, NASDAQ 100 up 40 points right now, 15,330 in the dial up 137. With that in mind, folks, do we have our man, Kevin Hinks on the line? Yes, we do. Let's jump over to our man, Kevin Hinks from TD Ameritrade Fast Market. Folks, every trading day, 12 newness Eastern time, right here on Tiger TV, Kevin Hinks, Tom White. They walk you through the fast market talking about hypothetical trade setups. Man, that's a perfect time of year as we're coming into earning season. We got a couple of big dogs this week. We got a big dog with Netflix tonight and we got markets trading higher in October. Kevin Hinks, good morning. Good morning, Tommy or Brian. Yep, Netflix will lead us off today on Fast Market. Tommy, we'll look at Netflix, everything they have going on, the unbelievable run because, Tommy, it's one thing, it's pretty much assumed that Netflix is gonna have a good earnings report, but the stocks run an incredible amount of way. How do you trade it, right? I mean, because you see sometimes when stocks have good run into earnings, no matter what they put out, the street is disappointed. So we'll have to see how that trade, but then we're also gonna look at United Airlines and then we're gonna look at Lam Research. Now, Lam Research has earnings tomorrow, but because the lineup starts piling up, we need to go ahead a little bit and get some of these good names off the board early. So Netflix, United Airlines and Lam Research today, Tom. Gotta love it, man. Three stocks, Netflix kicking things off and as you say, Kevin, I got Netflix up on the Think of Swim platform here on a daily basis. We were trading August 12th. So what's that, barely more than two months ago at a price of 507, you trade a 637. I jump over to the Analyze tab and they got almost 500 million shares, quite an appreciation of market capitalization over that period of time. As you say, they'll have to live up to those expectations and you're almost pushing all-time highs. Always interesting when you have an equity trading. I mean, we made all-time highs a couple of weeks ago at 646 in Netflix, we're trading at 637 and I was watching Fast Market, Kevin. I know you have not watched Squid Game yet, you're one of the few, but they've had quite a run recently into their earnings event. Jumping back to the market real quick. But I still understand what Squid Game represent, right? Just because I don't personally watch their show. I understand that it means international growth and that's where Netflix still has a lot of room to grow. It's pretty fascinating. I was talking about even the people in my house, how you have a piece of content like that, it's already paid off immensely and they're gonna have that content forever. So it's amazing as they start to build that library, like you talk about going out internationally. These shows, the content library they're building, it's pretty cool. S&Ps, Kevin, right? So we're in October, it's only October 19th. So much for the pullback of September here. September, we've talked about it many times. You brought it up in terms of the jobs number that happened September 3rd for August numbers, market pulls back. We've almost gotten it all back, Kevin. I said it's remarkable. I don't think many people when the market, I have an October 1st daily bar in the S&P at 4260, said, you know what, by October 20th, we might be hitting all-time highs in the S&P, the Dow and even Nasdaq 100s right now. It's just about 2% away from those highs as we come into earnings. What do you think of the resilience of this market, man, in the first 20 days of October? I mean, September was a pretty interesting month in terms of the choppiness and overall negative sentiment around the market as people started to ratchet down their earnings expectations. Well, now earnings are coming out and that lower bar that was set is getting beat pretty handily. And the market is turning back to the upside and realizing that this economy is still doing extremely well, even with some of the problems with labor force and logistics and things like that. So the overall economy's still doing pretty well with third quarter earnings coming in with nice beats. Some of the stocks are firing higher. Some of them have run into the earnings event. That's a little dice here, but certainly this is a great tradeable event and earnings and the economic data that we're getting a little light this week in terms of top tier economic data, but certainly a lot of market moving events, Tommy, there's plenty for us to chew on during this week. Yeah, I'd say so, man. How about where yields are, Kevin, because it's interesting that we've seen over that time, right? You got the 10 year, we're sitting at 1.61% now, and you have the markets able to trade higher as we have the yield now above 1.6%. What's your take on? I'm asking you all the big questions, man. Tell me about yields. But what's your take on how yields have moved here? You know, we're above 1.6%, but the market, as you say, focused on earnings, things going better than they thought, at least to kick things off and the market sentiment pretty strong with a yield now above 1.6% on the 10 year. Yeah, yields are going higher because the overall economy looks healthy. And that is a natural progression of interest rates higher. And with tapering coming sometime in the future, you know, I think what Tommy is, this market gets uncomfortable with yield higher and then it over time it gets more and more comfortable. And I think that's what you're seeing. People, when it moved from 1.1 and 1.2 to 1.6, that was unsettling. But over time, people get more and more comfortable with a 10 year up here. And so now what does that do though for foreign buyers and what happens when we get up to 1.6? That's been the problem in the past. So yeah, I think the short story, people were uncomfortable with move to 1.6 and now they're getting more comfortable, Tommy. It's so cool, man. So as you're saying that, right? I'm taking a look at the 10 year on the Thinkorswim platform as I jump around. Come on, where am I? There I am. And you have, I go back, Kevin, like you're talking about when you're at 1.6%, the first big run when we got to 1.6, pretty quickly, whether it was April kind of of this year as you have the price of the 10 year dropping dramatically, we rise. And as you're talking about, everyone's like, well, what's up with rising yields, right? Well, then I pull up the S&P futures contract and you were trading at the S&Ps at 3,700 and change when we're at 1.6% market digested and we're pushing 4,500 as we come into that number only about six months later in the year. Pretty remarkable. Well, Kevin, we look forward to the show as always coming up at noon. We look forward to the education. We look forward to those hypothetical trades, man, as we come into the most wonderful time of the year, earning season. We appreciate the conversation as always, Kevin. We'll be watching at 12 noon today. Thanks for having me on, Tommy, have a great day. Always a pleasure, Kevin, you as well. Folks, tune in. It's a great time of year. As I say, the hypothetical trade setups, if you want to learn options, if you want to learn some of the more complex issues that they talk about, setting up hypothetical trades, multi-leg option trades, it's the best time of the year to do it. They have endless amounts of stocks coming out with earnings. You heard them, they're talking about whether it's Netflix, United, Lam Research, I've talked about Netflix. They're the big dog after the bell tonight. 637 bucks for trading that. Now I mentioned, you got 500 million shares on this equity, okay? So you're talking about, I mean, just to put it in zeros, all right, because sometimes it's hard to imagine the simple map that goes on. There's 500 million shares times the $130 that this equity has risen. And I'm talking about from 507 to 637. That is $65 billion in market capitalization that Netflix has added. And it's only a 280 billion market cap right now since the last two and a half months, okay? Since the last earnings event, they have added 65 billion in market cap. And that's at a time when percentage wise on their market cap, it's a much bigger number than something like Amazon or Apple adding 65 billion. Now the number that you hear thrown around, I believe was how much it's added in market cap since probably Squid Game came on. Maybe that was October 4th, October 1st. Excuse me, maybe a little bit further back actually. Maybe this was the one, late September. Still a remarkable number. They'll be out with their numbers after the bell and we're talking about a $31 expected move. We'll check out how that opens today. We'll be right back for the open folks. Stay tuned. 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 creditor in the trading markets and join the Tiger's Den Trading Room only at TFNN.com. 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We got markets open, and we got all the markets in the green right now with the S&Ps up by 16, NASDAQ 100 up by 38, the Dow up 112, and the Russell right now, positive by eight. Jumping back to Bitcoin. On the day that we may get the first Bitcoin ETF, Bitcoin pushing 63,000, 63, excuse me, 62,810 right now, up more than 1,100 bucks on the session. Let's jump over to Ethereum. The other one I like to take a look at, up above 1.5%, Ethereum almost pushed 4,000 yesterday. We had a high of 4,406 back in May. I believe that correlates to right around when Coinbase went public, although not. Was it May 12th? Let's check out. Is that the exact day? No, it was April 14th. So it looks like Ethereum actually peaked a month later following Bitcoin's peak on the Coinbase IPO. Ethereum hits 4,406. Right now we're trading at 38,32 with all the markets in the green, and that symbol is gonna be BITO. Not sure it's trading yet. Looks like it's got a price tag of 40. Not sure if that's arbitrary right now, but ProShares pushing out their ETF to the public today. I think the fee is gonna be around 0.95%. Now this is gonna be predicated off of the futures contract, okay? It is not predicated off them holding physical Bitcoin. It is off of the closing price of the futures contract in Bitcoin, which is the one we're always taking a look at on the thinkorswim platform. On my platform, it's BTC slash BTC is the symbol for Bitcoin slash ETH is Ethereum. Bitcoin futures, that is what the contract will be trading off. Now jumping back to, as we jump through some of the articles that I have up here, record before debut of futures based ETF, okay? ProShares is launching that ETF today. Largest virtual currencies in sight of scaling the April record. Really amusing how it comes in right at that high. Talk about a dicey scenario. We know what happened the last time we were at that high. It correlated to pushing paper out to the public. Now this is a little different. They're not necessarily pushing paper out to the public, right? They have an exchange traded fund with a fee built in that is predicated off of the futures. Now, one of the things that they're talking about, okay, and this is Dave Wilson out there at Bloomberg talking about US oil funds shows the challenge facing Bitcoin futures ETFs. Now what he has up here, the US oil fund went public in 2006. It traded for the first time it was launched in 2006. The chart up here, the black is the US oil fund. The red is the price of the futures contract. Now what it shows here is that over time, the ETF that's predicated off the futures contract because of a number of factors and we'll get into more of them because the US oil fund contributed to the negative closing price of the, was it the May or the March futures contract last year that spiked to a negative $38, something like that. Now, if you look at those funds, if you bought in 2006 and held, you would be down 90%, Monday's close was about 90% lower than the first day price in April of 2006 versus if you had held the price of oil itself in futures. Now this is where it gets weird because you were down 150%, not sure how that happens. 100% is usually the maximum you can lose, not in futures trading as we found out last year in oil, but you see with the rebound there, you're up 20% right now in the futures contract versus being down 90% holding the fund. Bitcoin a little bit of a different story. The new pro shares Bitcoin ETF has a unique set of risks. Same characteristics as commodities fund meeting investors need to understand Contango and backwardation, because you're trading futures contracts, folks. Okay, you're not trading where they're gonna be holding the physical item itself, they're gonna be holding futures contracts and that's where things got really haywire with the oil fund. Not sure it's gonna be the case here with Bitcoin since it's actually not something that is predicated upon delivery in terms of physical delivery, right? The problem with oil was who was able to take, I think they have it down here, 42,000 barrels of oil. Yeah, there's so many articles here. The one thing I did wanna touch on from this article though is the Winklevoss twins. Now I'm sure that they are doing just fine. Number one, they got their Facebook money, whether they deserve that or not for Zuckerberg starting that company at the time that he was supposed to be working for them on a little bit of a similar project. You could say something like that. Nonetheless, they should have plenty of Bitcoin from the early days. They wanted though to have a Bitcoin ETF as far back as 2013 when Bitcoin was trading below $1,000 and they were going to back it with physical Bitcoin. That was actually the problem. Now futures weren't even a thing until four years later. All right, but imagine, and this is what it says here. This is an opinion piece from Bloomberg, okay? Opinion piece for disclosure, but it is interesting that if their fund had been approved it would now likely be the largest, most liquid ETF in existence and would have provided supercharged returns for a whole generation of investors. They're pointing to a regulatory failure in terms of waiting until this thing is at 62,000 to push it out. The last SEC chairman though, he was not interested because of the possible manipulation in terms of Bitcoin prices because it's in an unregulated environment. What this current SEC chairman said is that, guess what? If it's predicated on futures contracts that's something that might actually be something very difficult to manipulate. So that's why you got a flood of Bitcoin ETFs that are gonna be trying to get approved, predicated off of the futures contract. And look at this, we're rising. Of course we're rising. Who said we're not rising? 64,590 folks, are we trading yet on Bitto? Oh, we're trading folks. We're trading on Bitcoin and there you go. Guess what? We're rising from 40 to 40 to 10. Let's see if they haven't analyzed up here. I wonder what this is predicated off in terms of the exacts. We'll have to get it. If anybody knows the exact number of how this is predicated what type of futures contracts are they using? Cause as the article states, I mean, you're in an area that you could have contango. You could have backwardation. A vast majority of commodity based mutual funds in ETS backed by futures, okay? That's cause the actual physical storage of most commodities is impractical. Like with oil, that's the reason why they use futures. If they had to store all that oil if anybody was buying that ETF they probably would run out of place to store it. But that's where oil went a little bit haywire. While commodity futures frequently trading contango they can also trading backwardation which is when deferred month contracts trade below the front month. In this case, investors earn a positive role yield. Many commodity futures are trading in backwardation at the moment, although Bitcoin is in contango but there's no reason this person says to believe that it might not one day be in backwardation. It's all stuff that you gotta continue to look at when you're trading some of this stuff. And that is Jared Dillion, not familiar who was writing this Bloomberg opinion piece. But nonetheless, if you're trading it you better be aware, we all got a lesson. Folks, hopefully we all got a lesson earlier this year, last year when oil traded to negative prices you had very, very bright people trading with vast sums of money in contracts that they didn't quite understand. Not many people knew that it could go to negative prices. When you think about it after the fact it does make sense though because what ended up happening? Negative prices made sense because nobody wanted to store the oil because they had no place to put it. So it actually made sense to pay somebody to take delivery of your crude contract. Remarkable. And they say 49.3%, my dad's in here messaging me. All right, so Bitcoin for Biddo. 49.3% is the October futures not sure what the other 51% month is yet. So they're gonna divvy out probably to avoid the USO oil debacle that you had because if you remember folks, there's USO the oil fund, okay? Now that's a one minute. Let's put it back on a three year weekly. There's where things went haywire. You went from a hundred bucks down to 16. Their biggest problem there was that they originally were holding all of the current month's contracts which caused them to have to roll every single month which is what caused the selling in that front month the buying in the future months and made the market go haywire. 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 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. 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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 for Side Fund Services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. We've got all the markets in the green right now. We've got Bitcoin up 1,300 bucks at 63,000. You get the first Bitcoin ETF trading out there. Right now you're at 41, putting it on a minute chart to see the volatility up to 4215, down to 4106, kind of right where we started. Interesting to see how the day will progress for Bitcoin. First time, you have an ETF trading out there. Now it's interesting that I was listening to some analysis out here. This is the last little bit and then we're going to get to some other equities. You've got Procter & Gamble out there earnings today. We have Walmart moving today. But one analyst was talking about when you compare something like an ETF for Bitcoin to the futures contract for Bitcoin, it's actually identical in terms of, when you buy a futures contract for Bitcoin, really all you're looking for is price exposure. Okay? That's it because there's no such thing as needing physical delivery, not the case with many futures contracts and commodities like oil, cattle, wheat, whatever you want, right? There are players in the futures contracts that are actually in there where part of the reason they're buying or selling is for the physical delivery of that commodity, not the case with Bitcoin for a futures contract. Now with an ETF, it's the same thing. You have people looking for price exposure. Now, commodity ETFs are people looking for price exposure but want no part of physical delivery. So the point they were making was that this is an identical product to futures except for the fact not everybody has exposure to be able to buy or sell a futures contract in Bitcoin, right? That's the difference. But when it comes time to actually consider what you're gaining, you're gaining price exposure on a futures contract in Bitcoin, you're gaining price exposure in the ETF. Not the same as other commodities like oil, for instance, point being that if you have people in the ETF you actually might be taking buying away from the futures contract, right? You might have people that were in the futures contract that now are gonna trade the ETF. Therefore, the volume that's gonna come into the ETF is not extra volume always. It's actually gonna be volume that might be taken away from the futures contract and vice versa. If you go back into the futures contract you have no reason to trade the ETF because the futures contract is just price exposure because it's not a physical commodity that costs anything to take delivery even if you have to take delivery. If that makes any sense something to consider interesting to see where we go. All right, what else we got going on? Let's jump over. We got earnings from Procter and Gamble. Let's pull up their chart a little bit lower coming into the pre-market open down about 1.7%. That's a one minute chart. Let's put it back to a 15 minutes so you can see the earnings this morning. We pop a little bit on the open. Now they had strong numbers. Top estimates as price hikes help offset some costs warrants more inflation and Procter and Gamble folks disclosure I have some Procter and Gamble one of my retirement accounts strong dividend company in here. They basically have every single item that you buy at the grocery store. I kid, but man, they got a lot of brands that you're not even familiar with in terms of under their umbrella. They topped estimates for the fiscal first quarter earnings and revenue raised its forecaster inflation though predicting that higher commodity and freight costs could hit fiscal 22 earnings by 2.3 billion up from its prior outlook of 1.9 billion staggering numbers. Price hikes helped offset freight costs but couldn't keep up with climbing commodity costs. They make a buck 61 versus a buck 59. They take in 20.34 billion. The market was looking for 19.91. Net sales rose 5%, topping expectations, organic revenue which strips out the impact of acquisitions, divestitures and foreign currency increased by 4%. Price hikes on some of P&G's products like Pampers diapers got been buying some Pampers in the last eight months or so contributed to organic sales growth by 1%. Higher prices offset increased freight costs during the quarter but couldn't keep up with climbing commodity costs. I mean, this is a company to look to folks if you're looking for rising costs when you're talking about consumers, inflation. The CFO said on a call with the press that the company would raise prices on certain products within the beauty. Oral care, grooming categories to deal with inflation. However, he said that the company isn't intentionally prioritizing premium products because of supply chain constraints. They expect after-tax commodity costs of 2.1 billion and freight costs of 200 million to weigh on fiscal 2022. And let's see, healthcare was the company's top performing segment. That includes Oral B, VIX, organic sales growth of 7%, the largest segment fabric and home care, organic sales growth of 5%, that includes Tide for Breeze, Mr. Clean, the grooming business, they got Gillette, excuse me, increased by 4%. Beauty and Baby, Feminine and Family Care, both saw revenue rise by 2%. So strong numbers, but man, market a little worried there. When they're talking about those billions of costs coming into 2022, you got Procter and Gable down about 2% today. I talked about Walmart, Walmart trading higher as they got an upgrade. Let's see, who was upgrading them in here? I got a word they get an upgrade from. Goldman Sachs added the retailer stock to its conviction by list, citing the company's increasing ability to generate earnings growth. Now disclosure, we have some Walmart in mind newsletter, Rocket Equities and Options folks, quite a bounce here. If you're taking a look at Walmart, right? You tie it back to the low we had in July 6th, you accelerate to 153.66, you pull back to a low in March of about 126.28 and always interesting folks. Trend lines, I love trend lines, I love channels. In order to our man, Bud Rolfs, miss him dearly, hope he's doing well. Channel lines folks, trend lines and Fibonacci numbers and volume. That's what I love. I mean, sometimes you see these things bounce on trend lines, right? You take it where it really accelerated back in July, you correlated to the low we had in March, Walmart pulls back and this is a weekly, now I'm gonna put it back on a daily for five years to see this full run on a daily basis and look how we touched that thing, almost two like the penny, all right? Zooming in on that action. I mean, you're talking about we hit 134.71 and maybe we're within 10 or 20 cents of that price level and since then already from October 4th, you hit that price of 134, you're up $10 in the price of Walmart over that time and Walmart getting an upgrade today in the air. Listen, the reason why, you know, number one, fundamentals on a company like Walmart. All right, number two, you have a company that has a strong dividend out there. You have a company that when you take a look at the analyze tab, you scroll down to the market capitalization, you're only talking about a company at $400 billion market cap. And I say only because the amount of consumers that they reach at a $400 billion market cap, they have an abundance of opportunity if they can turn some of those consumers into doing more business with them. I mean, that's why you hear about the stories of the Bank of Walmart, right? You hear about the stories of them thinking about getting into technology with TikTok, didn't end up happening, but nonetheless, a strong company, you see the rebound, we're within about nine bucks of all-time highs right now and it seems like the next stop would be the high that we had recently. You're looking at a high volume high, that's the week of August 16th, the high there, 152.57 Walmart trading higher though on that news. And what did they put on the price target here? Because I think they had Goldman Sachs adjust the price target. Yeah, so here it is to 196 from 184. Here's the story of pulled up in the news section of the thinkorswim platform. Walmart has an average investment rating of outperform among analysts pulled by capital IQ with a price target ranging from 127 to 196. Goldman at the top of that range, 196, they were up it from 184. So that news driving Walmart a little bit higher today and the market's all higher. We get a little bit of a pullback maybe on the open. S&Ps right now at 44.92, the Russell barely holding on to the gains up by three. Dow up 70 points right now. And let's check back to Bitcoin. Bitcoin shares 63,440, is that an all-time high? Did we get there? No, not quite. We got to a high of 64,675 within 1,000 of an all-time high. Close, close, very close. And we jumped to the Bitcoin ETF, BITTO, B-I-T-O trading at 41.29. Interesting to see how that day goes already, already. What's that, 6.5 million shares traded? Not a bad debut for that ETF. Stay tuned, folks. 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. 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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, high-value, billable properties 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. 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 pays 7% per year, paid monthly. For more information, you can call 877-518-9190. That's 877-518-9190. 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&Ps up 15 points. NASDAQ 100 up by 55. Some of the tech stocks, remarkable. Apple, right now, up 8-tenths percent. You've got Microsoft shares up half a percent right now. Google shares, I want to bring this up real quick, up 6-tenths percent. And take a look at Google. We're back within that channel line. Remarkable, if this is where Google heads. You're talking about only about 50 bucks away from all-time highs, but we almost touched 2600. Not that long ago, October 4th, and we're trading at 2877 right now. All right, folks, what else do we have coming up today? Coming up next is our man, Basil Chapman, with the Tiger Technicians Hour. And at four o'clock today, folks, he'll be in there with subscribers to his opening call for a 90-minute webinar live with subscribers. It will be archived if you haven't checked out the opening call, folks. Maybe you haven't in the past. Great time to sign back up. He'll be in there with subscribers tonight. What to prepare for into year's end and what sectors to focus on? Will there still be higher highs in 2021? And where will they be? Interesting, as we come in. We're talking about, I just mentioned at the beginning of the show, maybe 1% to 2% away from all-time highs in the Dow. S&P and NASDAQ, what stocks, sectors, and ETFs Basil's focusing on. What patterns and Chapman Wave notations are becoming more important? Are there any buy-and-hold positions? We are attempting. And if you have any specific questions out there, if you are a subscriber, feel free to email Basil. Feel free to email him anytime you want. Anyway, Basil Chapman at tfnn.com. It should be an awesome webinar. I'll be in there at four o'clock today for that 90-minute webinar watching Basil. I encourage you to check it out, folks. You can sign up in the time it takes for the top of the hour. Basil's coming up next with the Tiger Technicians Hour. You'll be in there growling and prowling, as my dad would say. All right, checking out the markets. Russell actually sneaking into the red there on the open. Back to a 15-minute chart. You see the little bit of a sell-off on the Russell. Down to 22.63. Dow giving up some of the gains as well, but still in positive territory. NASDAQ is just strong, man. 15,343 right now. I pulled up some of the stocks in terms of the tech stocks. Take a look at retail, right? I talked about Walmart. Up 1.8%. Look at Target. Up 9-tenths percent today. Amazon already had its run earlier in the week. Down about 2-tenths percent. And Netflix, ahead of their earnings, giving up some of the gains. Down about half a percent. We'll finish it up. Analyzed tab. $31 move priced into their equity for earnings tonight. About a 5% move in either directions after the bell. All right, folks. Stay tuned. Basil's up next. Check out his webinar on the fifth page of TFNN. Sign up for the opening call. We got Larry at 11. Fast Market at 12. Steve Brode, Steve White. Tom O'Brien this afternoon. Have a great Tuesday, everybody.