 The following is a presentation of TFNN. The TFNN Bull Bear Trading Hour. Every trading day, live at 10 a.m. Eastern. Call now, toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Trading Hour. Now, Tommy and Tommy O'Brien. Welcome folks, appreciate you're growlin' and prowlin' with us out here. We have the Dow Industries down in Florida. You get the Nasdaq off 7, S&P's off 4.5. We have the Gold Contract taking up a buck 10 at $12.74 an ounce. Silver, $14.83. Light Sweet Crewed, $66.36. We've had quite a run on Light Sweet Crewed. You missed some action, baby, you're back. I'm back, man. Higher oil prices, higher gas prices, for sure. No doubt. Notes and bonds. You got the 10-year note up $13.6, $123.17, 30-year up $24 at $147.08. And King Dollar, $King Dollar, $150 up, $97.470. The euros at $111 to $1 U.S. Dollar. The yen is out there trading at $111.5. And we get the pound at $129 to $1 U.S. Dollar. Let's go over to our man, Mr. Kevin Hicks, a TG Ameritrade, thinkorswim. And don't forget folks, every trading day right here, you want to understand option, option strategies, futures, great program, 11 to 12, Eastern Standard Time. Kevin Hicks, what's going on? Good morning, Tom. Good morning, Tommy. Welcome back, Tom. How's everything? Everything is great. And great to be back, folks. I was at the Canton Fair over in China. China? I can tell you. We'll tell you stories about it. You know why I'm telling you why. Everything's made in China, man. I saw things that you're just so cool. That's what we hear, right? And so I heard you've been taking care of the market too, Kevin. You get the dollar at a high. You get the market at highs. What are we doing here? I think we have just a market that is, remember, going into this earnings season, the bar on the downside that, you know, not gained by expected in stocks are showing that, right? Look at perfect case in point. Look at Boeing. The debt they're taking, the stock is off. Yeah. Based on that. I think you're showing a very resilient market here that, like I said, making earth stations across the board. Yeah. I mean, it's pretty remarkable in that Boeing. They basically came out and said, listen, things are so crazy. We're not going to give you any guidance for this year. We don't know what's going on. Right. The market's like, we like that. We're trading higher. Right. Yeah. So it shows you what people think a company that is. I mean, you know, well, here's what traders want, guys. What traders want, give me a number and give me a date in Boeing. When they think they have a handle on this, or the fact that they do it all, stock investors will like that. Yeah. No, I can see that for sure. And, you know, I mean, if we, you know, we take a look at, just switch gears on here for a second and go over to Apple. You know, if I learned anything, you know, we know that everyone's on their phones. But I'll tell you, when you see a billion people on their phones, it's like, wow. I mean, And they're not going to be on the new Samsung $2,000 phone. I don't know if you saw that, but it seems like it was put together by small children in China, not to joke, but I mean, quite a fiasco, man. The foldable deal. Yes. It's amazing, Tommy, that they didn't have the quality of that phone more real than before they put it out there to the general public to look and inspect. I mean, there were analysts. They grabbed it. Yeah. And it's not like, oh, we didn't test it out for 10,000 folds. You know, it's like Analysts got it and broke instantly. Wow. Right. To many of them. Right. So that really... That is a PR nightmare. Yeah. Yeah. And they're still dealing with it. I saw articles coming out today. You know, it's just not going to stop. So, hey, Apple, man, I'm an Apple fan. We'll see. I, you know, and just watching the stores over there, what happens is that even I was in the middle of just industrial China in a huge way, right? So it wasn't the tourist place at all. But city after city after city still had Apple stores, Apple stores, Apple stores. You'd see factories and Apple stores. They're quite a brand. I mean, so... Oh, big time. Yeah. And then the Hawar is there and huge there. Yeah. Huawei, yeah. And Samsung is there. They're all there. Yeah. But I'll tell you, the world is the same. Yes. And remember, the way all your viewers and all the TD Ameritrade clients, the way they should think of China, China supplies the demand for the world. The single market, the very affirming of their cash rate coming out of their consumer is good fortune. Yeah. Oh, there's no doubt. And you can see it. I mean, it doesn't. You can just... You see, like, from the beginning of when something is there, meaning steel's coming in, INO is coming in, turning it to steel, turning it to things. I bet. And it's just a turn, 24 hours a day. Yeah. 24 hours a day. Pretty amazing. And, you know... And I'll bet you, Tom, that you saw... And the reason why the United States has to be so diligent, to mess up something with trade with China, it's a big number. Oh, it is. Things can get away from you quickly there. And, picture, where I was... So I was at the Canton Fair. So the Canton Fair is the largest fair in the world. It's been on 125 times, not years, in 1957. But everything and anything... There's 200,000 people there from all over the world. And I'm talking about every continent. I bet. Every buyer, for every Home Depot, for every Lowe's, for anything and everything. But what you actually see, which is amazing, is that that's for the world, too, not just the United States. I mean, it's the world. There's associations that go together, so when they go to these factory cities, because that's where we were, that they can also bring down the price. And this deflation thing, Kevin, is not going to go away. This is what... If I learn to do anything over there, everything is going to keep getting made smarter and smaller. The only thing that is going to keep going up, I think, is hard assets. Because the affordability, they can keep squeezing and squeezing and squeezing, and that's what the Walmots are about, and that's what everything else is about. And think about it, guys. The most simple example that you can make about that is the television that you watch every night. And look at how much you used to spend for a projection TV, not even a tube, back in the 80s and 90s, and look what you're spending today. I mean, that is the perfect definition for the consumers of, as technology gets better, things don't get more expensive, they get cheaper. Because the technology and everything catches up, and it just becomes more efficient, not less. Yeah, there's no doubt, man. No doubt. And so we got Tesla earnings today. Oh, maybe. What are we talking about, Kevin? Tesla, Facebook. Here's what we're covering today. Obviously, we're going to talk about Crudewell because it's Wednesday in its inventory. We're going to talk about both. We're going to talk about Facebook. We're going to talk about Tesla. I mean, really, we can go further. We can go Visa. I mean, we're going to talk until the bell rings on our show. We're going to keep cracking out names. As many ministers they give up to work on it. You've got to love it. Well, listen, man, we look forward to the show. 45 minutes. Great to be back with you, Kevin. Great talking to you guys. Thanks for having me on. Thanks, Kevin. Absolutely. Stay right there, folks. Tommy and I are coming right back. We have it out on 26. You get the NASDAQ off 1. S&P's are off 3. Come right back. 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Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Folks, Dow Industries right now are down 14. We get the NASDAQ up one. S&Ps are down one and a half. And so we're right in the middle of earnings, aren't we? Oh, man, it's rocking and rolling. It's been a big... So this week, 140, I believe, S&P stocks out of 500. So one of the biggest weeks, if not the biggest. We almost got one out of three stocks coming this week. And like everyone's saying, man, we got some big ones today alone. So oil, right? Jumping over. Let's see where we are. So I was looking for... I was trying to look for the median analyst estimate, what we're looking for. This will pop up. Let's see if the top live is up. It starts 10 minutes ahead of time. Yeah, so it's going to pop up there at 10.20. And then we get Occidental, getting in the middle of Chevron and Anadarko, huh? Yeah. So you had... Chevron, I believe it was $33 billion. That's just going off memory. But I believe it was $33 billion. And you have a $38 billion counter-offer for Anadarko to disrupt the agreed Chevron deal. Now I believe this was like 75% stock, 25% cash. And I remember when you reported that before, because there's a huge break-up fee of the first one. Okay, okay. You know, if there's a break-up fee on this, I forget what the number was. It was a big number, man. Okay. And yeah, so this is... So there was, and I'm not sure... So Hullab, who is Hullab here? Let's see, CFO maybe in one of those. They pushed the offer from 25% cash. We'll dig into this, like this might not be the end of that story as in. I imagine that Chevron is going to have a response. We'll see what it is. Let's see. So a reminder that a bid valued at $76 a share would exceed Anadarko's 52-week high of $70. But the company was trading above $110 in 2014. But man, 2014, yeah. That's when oil prices were through the moon. Yeah, 2014's a long way from where we're bought. We're almost at $67 oil, which is pretty remarkable. Okay, so let's jump over. Let's take a look. All right, so crude oil. There we are this morning. We're looking at the June contract trading at $66.19. So man, quite a day yesterday too. I mean, I think we had oil at six-month highs. S&P record close. I believe Nasdaq record close as well. And the X100. Big time. Oh, for sure. Russell, I don't know if you saw yesterday. I did. I mean, quite a rocket ship that Russell. I mean, check out that run yesterday. The Russell, you go from $15.62 up to $15.90. Yeah, it was almost 2%. It was like 1.7% on the day. Pretty remarkable, but jumping back. So here's oil, $66.16. Let's see what we've got going on in here. You know what's going to happen? I had this up early. Yeah, so I'm going to have to refresh this real quick to get. So I had this up early. It doesn't have the noon. Thank you. Yeah, we got... Thank you. This is just, we reformatted the whole hard drive. So we got some monitors in here. We're on Windows 10 rocking and rolling now. You come back. Everything's new, man. Yeah, right? Good job. Yeah. New computer firing on all cylinders, man. Okay, close that bad boy. Pull up here. Okay, we're back. Commodities call spreads. We're in crude oil. So let's start off with the 11A. We're looking at the June contract. We're trading at $66.17. We have the opportunity for exposure from $66.25. Pretty close, right? That's not bad. Only talking about eight pennies. This would be your bullish spread here. So right now you're out of the money on this one, right? Because the bullish spread starts to gain value at $66.25. You're trading at $66.17. You're going to be paying just premium. So you're paying about $12 to the 11AM. And getting $66 on your bearish side. $66. Now, this one is going to have about eight pennies of intrinsic value. And there's your difference by eight pennies. $66.32. Not bad. Not bad at all for the 11AMs. Yeah. Now jump into the noons. We're going to have the identical prices. So that's always nice that you get to just basically figure out how much they're charging you for that extra hour, right? So here's our bullish spread. The 11AM is taking $66.32 by $66.35. And look how close it is, man. They're only charging you basically two pennies. Now, it almost seems like I want to make sure the EIA is coming out. These seem very cheap, man. They really do. And this is where you want to get used to what you're doing. We had the Easter holiday. I don't think that plays into Monday. I just want to be sure because this seems very affordable for the numbers coming down. But we know that we just put in that estimate so we know it's coming out. You're right. Exactly. There we go. Perfect. So we're getting the numbers at $10.30. $66.25. We're about $11 out of the money. I mean, look at this. Even if you're just looking for a directional trade, right? So the market's saying that the move was done over the weekend when they put the, you know, sanctions on what May 5th. Yeah, they're just pricing very little volatility premium into this market. There's your noon on the bearish side. And so you're looking at $30. Yeah, $34. I mean, that's only 34 pennies. Right. And let's just see where the dailies line up. We're looking at trade if you're looking for some movement. So the dailies, $66. Let's see if these jump into. So $66 you can gain exposure. So the 11s and the noons, we were going to have a little bit of intrinsic value to the bearish side, right? Because we started at $66.25. The contract's only 10 pennies away. Well, guess what? If you want some bullish, well, here's your opportunity. And then now you have the 66. So you got about $33. So you're looking at $45. Yeah, $45. $0.47 from up until $2.30 and you'd have five bucks of exposure. And just let's see if this top live is, I think it is. Usually they give it to us about 10 minutes ahead of time. There it is. Let's see if they're saying what we're looking for. So what to watch for it? Let's back it up because they have three dollars of exposure. So what we're looking for is a high-end, high-end, high-end season. That's been a current theme, man. Holding that up, that maintenance deal. Two weeks ago, crude oil intake ran at the lowest level since 2015, with just 16 million barrels a day refined compared to nearly 17 million barrels a day at the same time in the previous two years. It's nonetheless a question of when rather than if. So they'll get that high-end, high-end, high-end season with demand relatively healthy. Refinery is taking longer than normal to return to their winter maintenance, excuse me, to return from their winter maintenance. Traders are starting to worry that the U.S. may enter a high-demand driving season with low gas inventories. So they can't turn the oil into gas, right? So you've got low gas inventories, refineries aren't keeping up with the amount of gas they need refined, and as a result, they're going to have to return to their winter maintenance. So that's May 24th, we'll probably be that right. With domestic oil production surging, crude oil gross imports have fallen in 2019 to unusually low levels. In February they dropped to 5.9 million barrels a day, lowest level since 1996. Domestic oil production. Okay. Yeah. So, excuse me, domestic oil imports. Yeah. So we're making so much oil, we're not importing it, right? Exactly, right. Two weeks ago, they also floated, yeah. Let's see if they got what that expectation number was going to be. All right. Yeah. I'm not sure. Do they have it down there? Yeah. 6.8 a rise. Okay. Yeah. I think they're looking at an increase of about a million barrels we saw at the top, I believe, there. But nonetheless, we'll find out three minutes. Stay right there folks. Tom and I are going to be coming right back. We have the Dow Industries right now trading. Oh, we're paused. 9, and that is except one piece of flat. Come right back. Hi folks, Tom O'Brien here. If you'd like to get my daily newslet of Market Insights, then now is a great time to sign up for a 30-day free trial. Every morning by 9.30, I send out my subscribers with market commentary on a variety of markets, currencies, and commodities to keep investors up to date on the day's trading action. Included in Market Insights are specific buy and sell recommendations for stocks, ETFs, and even options, with stops and price targets included for every trade in my newsletter. If you'd like to try my newsletter risk-free for 30 days, then head over to the front page of TFNN and you'll find Market Insights under Trading Newsletters. I use my years of trading experience to bisect and give my subscribers the most important information they need to know for the day ahead. 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Using this first of its kind program, the Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. It's designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the Art of Timing the Trade Charts at www.thinkorswim.com. This segment is brought to you by Thinkorswim. For more information, just click the Thinkorswim banner on the front page of TFNN.com. Folks, Dow's up 14, Dow's flat, S&P's down one, and we got oil numbers out here. Seems like when we put in that whisperer number, man, we should always go high as in surpluses, but guess what, man? That doesn't mean that the prices are going to drop, but we've had gas. Gas inventories fell. Yeah, so crude oil inventories, headline number rising 5.48 million barrels. The estimate was about an increase of a million barrels. Gas inventories falling 2.13 million barrels, jumping back to the charts. We'll close these bad boys down all our order screens where we trading at. We're down a bit, which is what you'd expect, but we have more supply. People are going to pay cheaper amounts because there's more supply in the market. You should get lower prices on a surprise like that, as we've seen consistently though. No heavy reaction on the get-go, and we've seen misses, it seems like, many times that they're to the upside and still we're dealing with six-month highs in oil. So just be aware. I think I was doing the program with Basil last week on Wednesday, when we were talking about oil, and we had said the same exact thing, and I said, I would be very cautious to be bearish because when you're playing the volatility number, if you're bearish, you're looking for this type of a reaction, a big miss, and you don't get the move. So what are you really trading for if you're bearish on volatility if you get a surprise build and the market doesn't go down? And so far it's been the same exact thing right now. We're five pennies below and we're trading that. And we have plenty of oil. Yeah, right, and let's just jump back and see what else we're saying. That's not it. This is going to be it. So still no increase in gasoline stockpiles, nationwide inventories as we just mentioned. Now this makes 10 straight weeks of declines, and I'm going to guess that we'll see something about the refineries in here as well. So bigger than expected build, 5.48 million barrels, pretty muted response so far, and as we always say, takes a little time, right? Takes a little time, but pretty muted response for sure. Yeah, so the the still, not the stillries, the refineries. The refineries are going to have plenty of oil. They just, it's still the change of a problem. They just can't do it. Yeah, they just can't keep up basically with the amount of gas. So there's the headline number. Crude rising about 5.5 million barrels. Median estimate was an increase about one. It's just that they knew it was going to happen pretty much that they're, you know, declining as they can't keep up and refine gasoline, refine crude into gasoline. Distillates, a decline of 660. Estimate was declined to 900, pretty close. Cushing crude up 460,000 barrels. Pad 3 crude up 1.7 million barrels. Refinery utilization plus 2.4 estimate was plus 0.8, so maybe maybe they're utilizing what they have there a little bit more than they were expecting. Refinery crude import inputs up 505,000 barrels per day. Crude imports up 1.1 million. I wonder how that plays into what we're just talking about, right? With that crude that we're importing very small amounts. So as you as you'd expect, gas futures liking that draw pairing some of the days early washes and so they're getting a bit of a spike looks like 210 to 2, 11 and a half I guess, right? Yeah, I guess. What time are they looking at? It says April 24th and we're seeing like a 3pm time slot on this I don't know who's posting this chart and what time zone they're in but they're not in eastern time zone but nonetheless pretty interesting we'll check back one time sitting right there man that's got to be so frustrating if you were just trading this every week man you're saying I don't know this is going to be the week there's going to be a big build and oil is going to pull back and you get a big build and you pull up the chart and it goes up and it goes up and it goes up, it goes up exactly wow, let's go take a look at the GDX for some Tigers and Tigers is out here so the GDX bottom line last couple weeks we just went down from 2293 you're 287, now what you're doing here and you're doing with dramatically lighter volume you're going into the breakout area, the GDX wanted to fill this gap, the gap was 2059, we've hit 2067 and we've rejected lower price out here today so we'll see whether it can get going but that's on the daily as well as the weekly so if you're in that market it hasn't done anything yet to destroy the texture of the consolidation that's in because that's on a weekly was that 270 million, it came down last week with 161 minus a day but that's still 90 million you don't do 90 million on a day so you get a close 21 I think one more, sorry which one are you let's see, this is different this way this is a weekly, I just zoomed it in can we go back to the daily because that's what I think it was January, no, daily you're still 6 months should do it because it was January 24th that's 59 that's the break January 24th again let's put this on a weekly now but I don't want to lose that shot that's February yeah it would help to zoom it in that's the bar we're looking at there it is, same thing so the top of that bar is 2123 what would you like this week? 2117, you'd like to be inside before the close of this week and what I'm doing there folks is that we started higher the week of the 24th and then we really broke top side the week of the February 1st so you want to close inside of that level you get a close inside of that level this week that would be a rejection of lower price at the breakout area with tremendously lighter volume baby shakes out it's pretty amazing this dollar since I left just hasn't stopped I mean and that has correlated remember I said many times to the gold gold's pulled back pretty hard the whole time too so there wasn't quite the same relationship but over the last 10 days dollars have been higher, gold's been lower pretty much consistently and oil's been higher too there you go we just went from 15 almost to what 13 what's that high 13, 14 right? and you got a rejection there yesterday too so and you got some decent volume out here today so it's going to be what's unusual about the dollars that it was last Thursday I was watching this even when I was in China as the dollar broke top side folks that was a spike higher and when you get a spike higher and don't get big follow through you know that's a big heads up because it only stayed up there in the open you know when we come back after the break there was a split I mean there's a spike higher couldn't handle it came low yesterday you get over it with tremendously lighter volume so just putting some of the analysis points they have out there so gross oil imports rose massively last week with 7.1 million barrels so I think they said 5.9 was the number so they're up to 7.1 huge increase in shipments from Saudi Arabia, Iraq, Venezuela so I guess I'm not too familiar but that is a huge jump when you go from 5.9 to 7.1 on a weekly basis right in terms of inputs that's a huge jump percentage wise so nationwide crude stocks I think this means stock piles are now at the highest since October 17 taking a closer look at the massive build today most of it was driven by East Coast and Gulf Coast that's surprising as the refinery utilization that we went over that one right where the refinery utilization right there was up but they're still got stock piles so they were finding it and they can't refine it quick enough and check it back in we're just right where we were 66-20 stay right there folks Tommy and I count right back if you're in the CD market and looking for a secure investment the Tiger First mortgage program may work for you the security for these first mortgages the tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a 4-year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal 4-year CD rate of 3.1% would give you income of 1550 per year or $6,200 over the 4-year period that same $50,000 investment in the Tiger First mortgage program would give you $3,500 per year or $14,000 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has run its course trade L-A-B-U or L-A-B-D directions daily S&P biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks, charges and expenses of the direction chairs carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or 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 four side fund services LLC and hit watch tiger TV for the latest market information music music music music music music music music music music music music music music music music music you know, that took off topside last week. Well, it's actually the index spiked higher on the open and then couldn't hold price. And then, you know, the baby, of course, you know, jumped over that level. You know, I guess in the longer context, it seems, Teddy, that we're trying to break out, right? And it hasn't actually broken out yet. You know, meaning if I bring this back, you're going to see this consolidation. This has been a long consolidation, folks. But what you're going to see here is we're still, look at this. So continue this contract, 97.705. I mean, still laying up there. Yeah, that's the end of last year, right? I think I can maybe give you a little explanation why it's really hanging and not really accelerating the move. If you really look at the currencies that are moving, like, I don't know, if you knew anybody that's short, the US dollar candidate today, I feel bad for them. You know, they're getting really crushed. I mean, anyone that's trading the Aussie dollar, the Canada, they're going to just smash today by the dollar. Look at that. But the pound is actually slightly higher. And the Swiss, which has been getting crushed against the dollar, they're actually stronger against the dollar today. And the Euro, that's the one that's definitely pushing its lows. But it's not like a really big break for the dollar beyond its highs. So what's happening right now is all the lesser majors and even all the lesser more, what would you say, lower tier currencies, they're the ones that are getting just really shellacked by the dollar right now, which isn't that positive for us, because we're coming into earnings season. And if this continues for the next couple months, you're probably going to see second quarter earnings explode for companies. OK, yeah. So that would be because you think they can buy their goods cheaper? Well, yeah, well, take for instance, Starbucks. My theory right now is you have coffee prices that globally have come back, which is that's a good thing right now. Now, I don't drink coffee. And I don't really go to Starbucks very often unless I meet somebody. I know it's pretty expensive. I don't know that they have ever cut their prices for the cups of coffee. But because of the currency, because of the strength of the dollar in the countries that they import coffee from, the cost of doing business for Starbucks is completely dropping and has several quarters. So now that's going to definitely impact earnings. So I would say that I don't know when Starbucks is coming out with their earnings for first quarter, but I would assume that just by that factor alone, even if sales were flat to only slightly higher, there's going to have a good uptick in earnings. And I think that will also continue into the next quarter as well. And that would mean also for other countries too, whether it's a food producer or a manufacturer, things like that, their margins will actually be, if the economy doesn't grow and just stays at an even level, the profits should be going, should still accelerate over the next quarter or two because of that. Yeah, I know you can see that. And folks, as Teddy was just talking to me, we brought up, so Starbucks, Teddy comes out tomorrow. Tomorrow after the bell, after the close. And yeah, you can see, if we bring- Is there a trend on that chart? I can't see. Oh my, I get the coffee chart up right now, Teddy. You're just talking and that just six months ago, coffee was a buck 31 a pound, folks, you had 93 cents, exactly. And you're right, there's no way that they've talked about reducing their prices. I go to Starbucks sometimes. I didn't see those prices dropping. That's because they ain't dropping, man. Yeah, right. And then the currency is also stronger. So between those two pricing, their margins have to be exploding to the positive side. Right, right. And I guess in Canada, you know, that's quite a move. I mean, $134 to $1 US dollar. You know? Yeah, almost $135 right now. Yeah. But they blasted through those highs right now. Yeah. That's a explosive move. So you have Canada, like, I mean, I know we import things from Canada. It's obviously a positive for us, you know, Australia, they're getting hammered. And remember, we were talking about the New Zealand dollar a few weeks ago. How was trending lower? We kind of had a sell-ish, you know, mode. It's just getting shellacked, too, you know. And I mean, these are, their major currency still, they're the lesser batch of them. But for them to be hitting these extremes like this is a major, that's a big deal. This is not like they're heading into a bounce point. It looks like there is a trend that they're pushing to maybe hit some extremes that we haven't seen in quite a while. It might be an interesting trend we'll be talking about in three, four months from now. I like it. They're just hitting extremes. Oh, right? Yeah, it is. Yeah, no doubt. Huge moves, yeah. Listen, folks, every trading day, you can go over to our man, Teddy Cakes, that at forex-trading-unlock.com. Well, listen, man, you have a great day, have a good afternoon. Oh, hit him, what? Hey, what do we got? Tiger Woods winning the Masters. I know, you've been away a while, man. You missed a lot. That was so cool. I watched him. Nice, yeah. I watched him. Pretty crazy, man. One thing, I woke up in the middle of the night. I texted you. Watched it. Watched him on the 18th hole, and then fell asleep again. Because you're in China at 12 hours forward. So it finished at like 2 or 3 in the afternoon. So that's good. You woke up at 2 in the morning, caught the final putt, celebrated in your mind, then went to sleep. And the day I got there, I think, yeah. That was quite, that was pretty cool, wasn't it, Teddy? Yeah. Quite a trip, huh? Always great. So hit him like Tiger today, Teddy. Yeah. OK, man, listen, you have a great one to save on. OK, take care, guys. Thanks, Teddy. Yeah, that was amazing. Yeah, remarkable. That was so cool. Just a fair golf fan, if you're a sports fan, if you're a fan of life, man. It's pretty cool to see the resilience. Yeah, I mean, you know. And to put things in context, man, that's spinal surgery. So he had fusion surgery. You take two vertebrae, fuse them together. That obviously decreases your torque on your body. No other professional golfer had ever, I believe, won a tournament after having that surgery. Never mind just walking around feeling good. You just want to feel good. Like, that's what Tiger said, you know, it's about life. This isn't about playing sports. I just want to feel good because you're in so much pain. And so, I mean, the guy's a phenom. And Nike, Nike shares higher on that day, of course. Who are they? Oh, he was wearing his swoosh, man. On the red shirt. And he was, Nike's one of the few that stuck with him throughout that 11, 12, 13 years. But it is remarkable when you think about it. He hadn't won a major, I think, in 11 years. And a lot has changed as the entire, Nike doesn't even sell golf drivers, right? They don't sell products. They had to get out of that entire business because of it. But they stuck with them, apparel, and so forth. And hey, we'll see, man, he's going to come back. He looked in top shape. Oh, it was great. Yeah. It's great for the game, too. And for life, as you said, I think it was just great. Yeah, no, it's for everything he's dealt with, man. I had 11 years to come back. What is interesting, though, when you think about it, is that 11 years later, he's still almost the whole sport. Like, what's going on with golf? And there's like amazing other golfers. There is. We're in back of the world. You know, like, all these guys, but they're not Tiger, man. Tiger came in. He won that first master's, 97, when he won it by, he was 21 years old, won it by 12 strokes. That's, he's in a different world, so yeah. Stay right there, folks. Tell me that, come right back. I'm certain you are, or strive to be, one of the best of the best at everything you do in life. It's the most common trait that we Tigers and Tigers' share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability, and for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, six, and three months. Timer Digest also ranks me as the number one market timer for gold as well. 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Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now, you can get a two-week free trial to the opening call, Basil's daily trading newsletter by visiting the front page of tfn.com. Cancel at any time during that trial and pay absolutely nothing. Get your two-week free trial and Basil's newsletter the opening call today by visiting tfn.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfn.com. ["Think or Swim Banner"] Welcome back, folks. So let's go look at those oil numbers again. Yeah, as I let out a little bit of an expression, we pull up the chart. The first move is not always the move. And guess what, man? If you were bearish today, you're getting paid. So we were trading at 66.15, 66.10. We did get the surprise build. You should see lower prices. And it took a few minutes, so the slide begins at 10.35. Maybe five minutes it took. We were up at 66.38, and we're now with solid 50 cents below that level, right? No, 60 cents below that level. Trading at 66.76, excuse, 65.76. So prices dropping a bit. We're at 66.40. We're approaching almost 70 cents from that level. Yeah, so we'll see. But a little bit of negative action, as you should expect, on that type of move. And we're going to take a look at the market itself. So CL, let's go look at this CLM we're on. But one more. Thank you. Nope, yeah, CL, yeah. OK, so this is going to be a little bit delayed, right? So we're at 65.92, where the contract's about 20 to 30 cents below where it's priced here. Yeah, it's still over these highs. That was the day that, I guess, May 5th, the sanctions go on, I believe, on May 1st. Oh, OK, OK, OK, May 2nd, I believe. May 2nd, right, right, so. For the waivers, that's just what you're talking about? Yeah, yeah. But that was the big reaction when the news came out, which I believe was Monday this week, just two days ago, yeah, yeah. And market-wise, bottom line is that you get the Nasdaq at high, it's no doubt, you know, so. Hey, S&P's pretty close as well, man. Yeah, big time. The market. Stay right there, folks. We get TD Ameritrade, Finkus Swim coming up next. I'm Matt Basil Chapman, Steve Rhodes, Dave White. Be back this afternoon. Thanks, pal. Thanks, man. Good to be back. Great to have you back. Thanks to the great job, too. Hey, definitely, you got it, man. Yeah, we'll get them, folks.