 It's a presentation of TFNN. The Tom O'Brien show is produced every business day. Tom takes your phone calls toll free at 1-877-927-6648 internationally at 727-873-7618. Let's go to our man, Alan, homo sasa. What's going on, brother? It's, isn't it wonderful? I went ahead and invested in your tiger dollars. And I went ahead and got the gold report. Four year and also your morning, your, your call letter and stuff like that. And I got over a 50% return in one day, not counting everything else. But I just want to thank you. Tom's not perfect, but he tells you how to put your stops in and keeps your losses small. You can take your small losses, but then all of a sudden you'll be like Dave Brute and you'll pay the whole month. I mean a big home run and put the money in your pocket. Okay, brother, you're awesome, man. Thank you. Now, Tom O'Brien. Well, welcome folks. This is Tom O'Brien of TFNN. We have five days a week. We go seven hours a day. We go 24 hours a day on the internet at TFNN.com. Always remember, folks, whatever you think about, you bring about whatever. You focus on growth. Hope everyone's having a great day, safe day. It's making a great week, folks. Be impeccable with your word. Seek to know the truth. When you hear an opinion and believe it, you make an agreement. It's part of your belief system. The only thing that can break the agreement is to make a new one based on truth. Only the truth is the power to set you free. Make it wise. Let's take a look at it out here. We have the Dow Industries down 940. S&Ps off, no. NASDAQ off 491. S&Ps off 123. Gold contract up $11.00. 70 cents traded at 1763. We got Silver down 16 cents. $22.17 an ounce. Light Sweet Crew down 157. $70.40 a barrel, notes and bonds. The 10 years up, up a half a point. $133.09. 30 years up a full point. Plus 11 ticks at 163.30, which is saying both notes and bonds, even with the Fed coming in with the meeting, wants higher price, lower yield. King dollar. King dollar's up 92 ticks, trading at 93.287. Euro 117. Yen 109.37, the British pound is trading out at a price point of $136 to one U.S. dollar. Let's go over to our man, Mr. Dave Mazda, as we do every other week. Dave is the managing director and head of product at Direction. As you're at our website at TF&A, and you can hit that Direction banner, please do it now, because we are going to be talking direction. We're going to be talking about how these, you know, we trade a lot of these ETFs, folks, okay? And they are for traders, but there is so many that you can use when you're a long-term trader. Dave Mazda, how you doing? I'm doing well. I'm happy to be back. Yes, and it's a great day to be back, because what I'd like to talk, you know, I've been trading these products for a long time, okay? And we know that, you know, the leveraged products are definitely for traders, okay? There's no doubt about it. What I'd like to talk a little bit about, okay, is that, you know, there's plenty of folks that, you know, you have so many more of them now that are in different sectors. And there's plenty of folks that, you know, if you're in for this market for a long period of time, it's pretty cool if you can get close to delta-neutral. And delta-neutral, folks, means that you just set something up on the other side without selling, without the tax implication. And direction is plenty of products like that, you know, that you can protect yourself, meaning that, okay, unless you're in the housing business, you can get nail, right? I mean, you know, I know you can't push this, but if you can just explain some of those sectors that you actually have, Dave, you know, because, you know, there's plenty of people that, you know, if you're in the market for 10 or 20 years, well, that's good. If we get a downdraft going, you can protect yourself for a month, it's pretty good. Yeah, let's talk about hedging. Obviously, a sell-off like we've seen in September really exuberated by today's market moves gets everyone thinking, how do I protect my portfolio? Yes. And one of the opportunity sets that we offer is these inverse ETFs. So what this means is that they offer the opposite of the return. So let's say markets are down 1%. It would be up accordingly. Now, a couple of ways to think about that. So I think folks are probably familiar with SPXL, that's the 3x bull on the S&P 500. The fair is SPXS. So this is a tool, let's say going in today, if someone wanted to put on a hedge in their portfolio of the short term, I'd look at that 3x exposure, and against your longs, you're going to be doing quite well today. But if you want to have something that can be a little bit of a longer-term holding, you still have to pay attention to it, understand to your point, how much hedge ratio do I want to have on? You can look at something like SPDN. So this is just one time the inverse of the S&P 500. And because of that, you have the ability to use it for slightly longer time periods without some of the negatives that can come in from compounding. Now, to be honest, you get the returns of SPDN this year because markets have effectively gone through on a straight line much the year. It's going to be down. But in a month like September, whether you believe in seasonality, whether you're using other technical indicators, it could be really a powerful tool to help buffer against days like today. Oh, there's no doubt, man. No, I see this. This is pretty cool, man. I actually didn't know that you had a one-to-one on the S&P, too. Yeah. That is huge. So, folks, it is SPDN. And what's so cool, as Dave just said, this is something that if you think the S&P is going to go lower, is that you can put this on and say, okay, as my portfolio is going down, this is going up a bit, okay? It's just less risk in the marketplace. If you bottom line think we're going to go down too quick, well, then you could do the ratio trade. It's something that I just would love you investors and traders to look into because it's important and it's amazing, Dave, that you actually could put them on and people can save a lot of money. Or not get as freaked out when you... I mean, because we haven't had a correction in so long, right? I mean, I was psyched coming into the office because I'm saying to myself, I haven't talked to Dave with a dow down, you know, 900 in like five or six years. Yeah. I mean, and we haven't even been below the 50-day moving average in the S&P 500. Not that that's an end-all-be-all ratio, but it's really a guide of just how easy returns have been. It is. So what's interesting is, you know, everyone's asking for the sell-off, whether this continues. These are opportunities where you want to put... either put some of that cash to work on the long side or look at hedging the longs you might have. Another use, because we just got through another busy earning season, that these inverse products can have is, let's say you have a portfolio that's tech heavy or semiconductor heavy. Yes. Whether you're using the ETF or the individual names, we really see a lot of activity on names like Tech S or on Sox S to provide that hedge on that week when everyone's reporting your navities that are moving the index just to give you that buffer. Because to your point, the last thing you want to have to do unless the fundamentals of the company have changed or your opinion of the company or whatever indicators you're using change is sell longs in a day like today. Particularly if you put them on for reasons. So these tools can be used for that. And I like them as well because options have never been easier to trade for investors, but they involve different types of risks. Inverse ETFs have their own type of risk, but it's just a good way where, again, you can keep the core of your portfolio or your trading book, whatever your outlook or thesis is, and use a tool like this for a small outlay of capital to provide that buffer when you might need it at the worst possible time for a market person. There's no doubt. And as Dave just brought up, the option market folks, what happens in a day like today, and listen, I trade a lot of options, you can't buy them today because your premium is so high. Your product is where it's at on a day. It really is, Dave. Do you know what I mean? Because what ends up happening, I was even looking at the spreads and the option market, they're outrageous. You know what I'm saying? They get blown through right away when they realize volatility increases. They do. Well, listen, we appreciate the update. Look forward to speaking in two weeks. Talk soon. Thanks, Dave. Have a great one. Have a safe one. Stay right there, folks, who come right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today, and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, educating investors. That's right. Information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market-profile-based scanner. Powered by its acclaimed TAS proprietary algorithms, this feature-rich scanner instantly filters over 2,500-plus global financial markets, such as stocks, ETFs, commodities, futures, and forex. This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen. For a limited time, you can save $100 off your first month by using the promo code Upgrade. And you still get a 30-day money-back guarantee so you have nothing to risk. Level the playing field with the TAS Profile Scanner, which you can find under the Services tab at TFNN.com. Sign up today. 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 in 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, every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free! Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN, Educating Investors. All now, toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. We have the Dow. Dow down to 9.63. You get the NASDAQ off 5.12. S&Ps are off 126. Now, when you look at these markets, folks, okay, here, I'm going to bring this up because you're going to see there's a size of break that we have. When you have been at all-time highs for this long with no volume, when the break comes, the break comes. Now, this is what's going to be really, you know, sad about this pullback, okay? And what it's going to be, there's going to be so many folks that have never seen a pullback that they're going to be very upset as this thing gets down to, I suspect we're going to the consolidation, okay? The bottom of the consolidation. Now, that doesn't mean we're going to stop there, you know? Because if you've read my book, The Out of Time in the Trade, the way that it works is that you go to the high volume low, okay? So the high volume low that we have here inside the spy is 404. We're at 429, okay? We're down 12 bucks. So that'd be like two more days of like this. And the thing, of course, that is wild is that in the course of just three days we just took back, we're at March 2nd right now, okay? So you can, what? March, April, May, June, July, August. Yeah, so we took back five and a... March, June, July, August. Yeah, we took back five and a half months in all of four days. Now, you can see the volume has exploded but I really want you to see, I want you to see that trend line. That trend line is a break with conviction. You've got wide price spread, you've got accelerated volume. Most times that's where you're going to go right there. Will you get bounces in between it? Yeah, you will. My take, though? No bounce tomorrow. Not even close. This is why. Because we've been in a market that for so long the bounce has worked. When they don't work, you normally get something that's just vicious. And vicious would I mean two, three days down like these numbers. So that's where I'm going with this whole deal. If we take a look at the NDX100 what you're going to see with the three cues you have the same setup. Now the difference in the three cues this is pretty heavy in the three cues, man because the three cues are saying that we can go back almost six months ago like in about a heartbeat, okay? Which is just insane. Okay, the cues are saying we got 316 on the radar. No, yeah, 316 on the radar. It's 361. We've just blown, you know, into... Let's say, so the cues are back to March 13th? Yeah, March 13th. Okay, but that break there is a monster. Now I certainly don't see them going down there in one straight line. That said, guess what? I could see the three cues down them three-forty by the end of the week. It's that dramatic. Because when they let loose folks they let loose in an incredible way. The IWM, let's watch the IWM because what I have seen, okay, so watch this, this is pretty cool. Now the IWM is backing down but the volume is not anywhere near the spy and the three cues. So I suspect what will happen with the three cues if you're looking for something that you think can pop it's going to be the IWM. And I still expect we're 214. I expect the IWM is going to get down to 209 somewhere, 208, 209, that's the bottom of this consolidation. If you see it contracted at that level, bottom line, that's when you're going to bite. And what that's going to be all about is the basically the mining sector, the oil sector. It looks to me, this is what I think actually, I put this in the gold report today and this is what it looks like. It looks to me, so inside of the gold and silver equities folks, what has happened is this, some of them had got hit really hard, really early. And those equities, okay, actually the stronger equities now which is really wild and so I'm saying to myself, okay, hold it. So what happened here is that those equities sold off as the sell off has accelerated, I'm talking about the mining sector now first, okay. But this is where I'm going with the aspect of the whole market. I think that the mining sector actually led us lower. Now the market's blowing up. Inside the mining sector, the gold and silver equities that went down first, they're just not selling there. And in fact, two or three of them did not even break their swing low last week, okay. So that's saying, okay, they did what they were supposed to do. That sector in general has done what it's supposed to do. And more than likely that's going to hold, I don't expect this to go to the moon because when you're going south like this, you don't go to the moon in any sector. But I expect that there's going to start to be buying there, not a lot. And the reason there won't be a lot of buying is because there's going to be so much money that's lost on this downdraft. Because this is where it goes to trade as heaven. It just disappears, okay. Downdraft's always intriguing to me. They've always been intriguing because I say, if there's so much money just disappear. And that's what happens, folks. And as it disappears, that affects everything, everything. It affects everything. Whether people, you know, you look at your account, you get less money, well, you do less things. That's how this thing goes. So that being said, the next thing we want to look at is this, okay. Because we know we take a look at the trend. You take a look at the trend right now is at 1.86. Well, guess what? It is saying that people are not scared. That's not good. That's not good at all, okay. The tick is a different ball game. And let's see how this works out. Okay, so, the tick, you don't, right now, if you look at the tick, folks, it says a minus 2,067. You can't count that. That's the opening tick. Opening ticks don't mean a thing, okay. So thus far, the down tick is minus 1540. That's a good down tick. That's a decent down tick. It'll get heavier than that, though. We're talking about 1,700-1,800 down tick. That's the real bottom line. Now, let's go to Evergrande for a second. Because this is the deal with Evergrande. If you haven't heard of this yet, how this is shaken up. So Evergrande has the deposits of over a million people in China. That's deposits to buy units, okay. All that money's gone. They have investors of 77,000. I believe 77,000 folks has lent the money. I suspect that's going to be gone. The amount of debt that is coming due is extraordinary. Now, the Chinese government has already told everyone this when I say everyone, we're talking about the banks that these dividends are not going to be paid. So what does that have to do with the U.S.? Well, what it has to do with the U.S. is this folks is that when these blow-ups occur most of the times what ends up happening is that our large companies have lent money to either banks, people doing business with them, to someone, okay. And it's the bond business that blows the whole deal up. That's how this thing shakes out. So what I expect we're going to find out in the next few days, maybe a few weeks, is that who's on the hook for what and then that basically pushes more selling into our market. That's how this shakes out. When we come back I'll talk about the aspect. You have two different issues, big blow-up issues. The first one was long-term capital, though it's 98. This is probably a long-term capital. This is not going to be like a 2007. Just to be like a 1998. It'll be like a six-week to eight-week deal. There'll be some big destruction and then we'll move forward. Stay right there folks. Come right back. 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 The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our TFNN hosts live during their shows. Interact with other Tigers and Tiger's as they share trading ideas, news analysis and discuss the market action all trading day. Subscribe to the Tiger's Den risk-free with our 30-day money-back guarantee and become part of the TFNN trading community. TFNN Educating Investors You could be making money off the stock market and if you're already making money off the stock market, you could be making a lot more. Check out TFNN and Tiger TV and get expert investing advice to give you the power to control your financial future. Go to TFNN.com and find the newsletter for you. Whether you're into trading gold, metals, futures, currencies or options, you'll get advice and analysis to help you seriously get ahead. TFNN also features trading services with a 30-day money-back guarantee for new subscribers as well as TFNN's Tiger Den trading room, trading software and educational webinars for all trading levels. And make sure you check out Tiger TV for free on TFNN.com or TFNN's YouTube channel for live financial content from 8.30 a.m. to 4.00 p.m. eastern on market days. Stop watching on the sidelines while other people get rich and become the investor you were born to be. TFNN Educating Investors TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, your ultimate trading mastery system, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Chart allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs, ABCs, butterflies and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to 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 today by visiting TFNN.com This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com Welcome back folks. Dow Industries are down 821 Nasdaq's off 443, S&P's are off 106. Let's go take a look at a few of the equity sales start with Apple. So Apple is in an ABC structure on the way down. It had taken its B point out on Friday. You can see it's pretty clear, right? B point, we had a volume of 129 million. We needed a volume here of 83. So your A point on Apple is up at 157.26. Let me get this. So that's your A. Your B is at 146.37. So your approximate got 11 points, right? Your C point here is the 148 that's called 149. So 139, 138 is your first stop. Now, that being said, I suspect, as I said just a little bit earlier, that you're going to get some more heat here. So I suspect Apple's going to run to like 135 first. Now, at that level, is that a buy? Let's put this on a weekly for a second. Because it's going to be that's going to get it back inside the lower range. It looks to me like Apple can this is pretty intense. Well, let's stick with the 135 first. Well, and if we come down to 135, because this is what 135 is also. If you do this on a weekly, 135 is the high of October of listen to this, of last year. So that's pretty intense as it is. And it has real good volume there. It has volume of 882 million. So maybe that's where it wants to go. Then it can consolidate out for a while. When you're looking at any of the equities that you actually own folks, what you should do is that you bring them up, and as you bring them up, then look for high volume lows. Because most of the time, the high volume low, that is where you're going to head for. That's what it comes down to. That's how it shakes out. If we go back to Evergrande for a second, okay, so now the question is going to be normally what has happened in China is this, is that normally the government steps in right away, bottom line feeds the banks more money, feeds the developers more money, and so this has been going on for a long period of time because the property market, I believe is 7% of the GDP. Okay, it's a very large number. That's the real bottom line. So with Xi now saying he wants to spread the wealth, okay, the markets are saying, okay, well how far do you want to spread the most? Do we want to just disrupt the whole market? And we're going to find out. We're going to find out just who's going to blink first, whether it's going to be the communist government? Are they going to blink? And let their market really go south and then, you know they'll find out how quickly wealth disappears. Instead, they thought that the way that they're set up right now is that they're basically shaking down the tech companies to turn around and spread wealth around, you know, more so, okay, bottom line I suspect that they're going to come in. Evergrande will be a different company. That'll come out. The reason I'm saying that is this. The amount of protests and the amount of social unrest that will come in inside the real estate market because Evergrande has so many deposits it could be problematic, you know, but hey, we'll find out. And we'll find out exactly who's tied up on this side of the water. There's going to be tie ups. There's no two ways about it. We're always going to be surprised of the tie ups. That's what normally ends up happening. Let's take a look at some of the higher volume equities out here today. Apple's a big one. AMC entertainment's down 450. You've got Cleveland Cliffs off 223. Vance Microsoft 331. You have NVIDIA off 987. Microsoft down 820. Microsoft, you know, it really didn't bust anything on Friday, but that thing came down hard on Friday. Now this is pulling back. Let's put this on a weekly just to see where this shakes out and see what this is. This is when you can tell that this is not you and I selling. This is not a retail trader selling, man. This is funds coming in. In fact, if you take a look at this, you'll see that we had a down week with 134 million shares. So Microsoft easily can pull back to 242. And we're 290. So this just maybe a long term top. And when I say a long term top, you just might mean a real long term top. And it's like, okay, what does that mean? 2, 3, 4, 5 years or 20 years? It's hard to tell. I can tell you this every time that when you see something that you think can never go down, this is how they normally play out, man. I mean, that's the reality. Let's go take a look at Amazon, see how Amazon set up. You've heard me many times explaining how hard it is to buy Amazon when it's going down because it's like, man it just goes down so fast. And this particular market here, okay, this is not bad. Amazon is down 130 bucks. I mean, my take Amazon wants to go back to 2008, 81 anyway. We're 33, 31 right now. That's the bottom of its consolidation. We put this on a monthly you get it's a pretty good volume up at 3773. If you pull back to the bottom of the consolidation, which is the 2870 with light volume, that could be a good setup. What you want to do is this. As you're bringing up equities that you like, right? If you find one that has a high volume high that's pulling back that's huge, huge. Okay. They go back to high volume highs folks. What they don't do, which I haven't figured out yet is there's not a timeline. But I can tell you this, it's 10 times better buying an equity that has a high volume high and it pulls back than buying an equity that you just like because you like the name and it doesn't have a high volume high. In fact, I'll tell you a trick to do. This is a Tom Dorsey trick. This is one of the guys that did a point and figure chart. Well, he didn't do it, but he made it famous again. Point and figure chart has been around forever. And I like point and figure charting, but it's for a longer term deal. If you're an investor, you should look at it because it's really a cool deal. And one of the deals with something like this that we're so used to the names that we love, okay, that when you pull up charts you turn around and you don't put the name, you got to cover the top of the name. And then you look at the chart because what ends up happening is that we're all prejudiced in our mind to certain equities that feel like, okay, they're never going to get down. Like there was so many people, man, I saw it. Like there's so many people that that GE could never go down. Trust me, okay? Or not only never go down, that would definitely go back up, okay? Well, if you take a look at GE now, GE's trading $99. The tie is $465. It's low was $43. They, you know, went 10 for one reverse. The bounce went up to 115. GE would be a perfect situation that if you ever put it up in a chart, you know, you never would have bought it because it just keeps going low with huge volume. Stay right there folks, we'll come right back. We have the down industrials right now trading down 760. Nasdaq is off 413. S&P's off 97. We'll come right back. Are you in the market for buying or selling real estate in the Bay Area that 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 making, 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, call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at tfnn.com That's 727-329-8322 Call us today. The technology around us is changing every day. With so much happening, it can seem to help 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 recommendations for value tech stocks as well as entry prices, target prices, and stops to set for each trade. Dave delivers his weekly newsletters 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 it risk-free today with our 30-day money-back guarantee. TFNN, educating investors. Visit Direction Investments.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 Chairs. To obtain a Prospectus or Summary Prospectus, please contact Direction Chairs 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, Foreside Fund Services, LLC. Welcome back, folks. The Dow investors right now down to 747. You get the Nasdaq R404, S&Ps off 93. If we go inside the Dow and take a look at the strength versus the weakness, so big numbers, you got Goldman putting 103 negative points, Caterpillar 65, United Health 56, Microsoft 50. If we go inside the NBX100 and take a look at it, they're all long and not all Chinese stocks. Top 3, though. You got Penduoduo down 7%, JD.com down 5%, Baidu off 5%. CGen is up 1.3%, and that's it inside the NBX100. So you're talking about big numbers. You know, there's a story out here today. You know, we know that, you know, this story here is about employees, emergency employment benefits in the United States has expired two weeks ago, but employees are expected to increase in job applications. They're still waiting for them to roll in. You know, this is a big heads up, folks, okay? Meaning that what we had is this, is that you had the aspect of the amount of stimulus that are coming into states that would get into unemployment, and when the last stimulus bill went through, there's certain states, Florida was one of them that they didn't basically give you that extension, other states did, but now the whole deal is done in the whole country. And what employers are thinking, like, hey, why aren't people coming back to work? I'll give you my take on it. My take, and this is a really weird, I don't know if it's a weird take or not, but this is what I'm, I think this is what has happened and will happen in the future, and this is where there could be some little trouble in the future. And this won't be overnight. I'm talking about in five or ten years. That what you had is this, is that you had people first off getting used to getting paid. So now they don't want to go back to work, period, okay? It's like, I don't want to go back to work. One of the main reasons they don't want to get back to work now is that prices are going up and they say, that's it. I don't care. I don't want to work anymore. I don't want to do this. I'm going to groove. I've been doing what I want to do, and I think that's really going on. And one of the main reasons for that could be that because we've seen rents go up so dramatically, housing go up so dramatically, it's got to be kind of frustrating that you're a young person and it's like, you're going to be like, okay, how am I going to be able to afford this? And then they just say, hey man, you know what? Screw it. I'm not, I don't, I'm going to step out of this whole deal. Now, that only works for so long and then they really understand that, okay, well, I got to do something. But I got to tell you this other story because what I realized, okay, is that I always said to folks about the last, let's say five to ten years, I said, if I always have a 20 years old again, right? And the way that I watch people, you know, watch on their phone, walking like on their phone all the time, saying to myself, oh my god, if you're 20 years old, you could take over the world so easy these days, okay, because no one's paying attention to anything. All they pay attention to is the phone, is to, you know, whatever is happening on the phone, and like, that is so easy to manipulate anyone, it's unbelievable, okay. And then I realized over the weekend, I said, you know what, man? This has already happened and if you are out here, all of us out here that collectively are working, if you I can tell you something, if you stay off your phones, you're going to be surprised how much more you make without even trying. That's what's so weird about it. I said to myself, you know, man, okay, I thought, I haven't even done anything, but because you're paying attention to the world instead of paying attention to your phone, like I've been places and seeing actually beautiful things happening and people looking at their phone. I'm saying to myself, this is unbelievable, man. So people are looking at their phone, something extraordinary is happening, no clue. So the real deal is that no clue. That's what has happened out here. And when there's no clue, what you're going to get flat out is you're going to get these inequalities. There's other parts of that for sure. The bigger part of it, though, and this is going to be straight across all of society, my take is that. And that's not going to change. So we'll see where the rest of this is going to shake out. But that looks to me like that's where it's at and then all of a sudden they wake up and they wonder why, okay, then they're going to wonder why they don't have anything. Well, they don't have anything because, guess what, they're on their phone 24 hours a day. They're not working. And then they're going to start complaining later. And then, of course, as soon as they start complaining, people will say, well, you haven't worked anyway. So what are you talking about? But when there's enough of that happening, that's going to be social problems. There's no doubt about that. There's no doubt about it. So let's go into, let's see, we looked at Amazon, Microsoft, Netflix, NFLX. Okay, so Netflix, look at Netflix is holding up, man. This is interesting. You're only down 15 bucks. Now, don't get, I wouldn't, what I would not be doing, folks, okay, is buying anything out here right now. Okay? Don't think, like I just said, okay, it's only down $16. This is what normally happens on a big downdraft. You get, you know, you get selling, you get selling, you get selling. And then what ends up happening is that the stocks that did hold up right before we get a bottom, you basically get more selling. That's how it normally happens. Netflix is a nice setup, though. There's no doubt about that. But it's back inside its lower range. So that's saying that, hey, guess what? It can get down into this, you know, 513 again, and you get 572. Because you got to remember something technically how it works. The last, well, they're going to sell a lot of their good stocks, which you never should sell your good stocks. The bottom line, markets sell their good stocks when they're basically coming down. That accelerates the way down. So you do it, you have good stocks that go down to the bottom of these consolidation. That's how it shakes out. Now, if we go over to notes and bonds, and you know, the trading bond market is just so freaking smart that it just doesn't stop. It hasn't stopped, you know, we've gone up so many points and yet the 10-year is still at 133.08. We came down on Friday. Now, you came down on Friday with 1.4 million. But guess what? You're going into 2.3 million contracts, okay? So the bottom line is that you come down with light of volume. We've already done 1.3 million. This one's higher price. How about the aspect that, guess what? The Fed has already told us they're not going up on rates of 2023. Markets have told us the same thing because the note and bond market doesn't pull back. Writers inside of the markets are saying left and right, oh, we're going to start tapering the next few months. Rates are going to go up. Rates aren't going up, folks. That's my take on it. We're going to be lower for longer in a big way because there's not much stuff happening out here right now. We haven't even talked about the debt ceiling. So the debt ceiling is going to be next. The debt ceiling is going to be crawling up on us. So picture this. You have Evergrande going on. We have the Fed meeting going on. We get the debt ceiling going on. Never mind about what we really should be talking about. The company's making money or not. Those three together with the downdraft. Not great. Stay right there, folks. Come right back. 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 4.00 p.m. for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN buys and fall like the tides. Subscribe to Basil Chapman's newsletter, the opening call, and you too can ride the wave. Basil Chapman is an authority in technical analysis. His Chapman Wave trading system has been helping traders identify trends and capitalize on momentum in the markets since 1984. TFNN invites you to test Basil's proprietary Chapman Wave trading methodology with a monthly subscription to the opening call newsletter for only $149. Your subscription to the opening call comes with a 30-day money-back guarantee as well as daily market updates on key indexes, stocks and commodities. Ride the wave. Sign up for the opening call risk-free today. Are you looking for a secured investment which pays you on a monthly basis? The Tiger First Mortgage Program may be the program for you. The best rate on a five-year CD in the country right now according to bankrate.com is paying 1% per year or $1,000 per a $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 a $100,000 invested. Your investment is secured by high-value real estate in St. Petersburg, Florida. Your investment can be anywhere from $100,000 to $500,000. Do you want to make $1,000 per year on $100,000 invested or $7,000 per year on a secured Tiger First Mortgage? The Tiger First Mortgage Program may be just the program for you. The Tiger First Mortgage Program pays 7% per year paid monthly. For more information, you can call 877-518-9190 that's 877-518-9190. 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 to Dow. Dow right now is down to 661. We get the NASDAQ off about 357. SAPs are off 81 and if we go take a look at some of these let's go take a look at the NQs for a second. So you get a bounce coming into the close which is totally makes sense. When you get a market that's down this dramatically folks, bottom line NQZ you're going to have traders, okay closing positions that they have open meaning you're selling shot. Of course you're going to close. You're not going to go overnight with this. And I suspect that's exactly what we actually have been going on. Maybe some people buy in a dip and have traded and they're saying okay man so because pitch this even if you didn't, if you weren't shot the Q's folks be prior to this even if you weren't shot on the open today the open was 369 you get down to 360 and you're at 364 okay the Q's love moving lower faster than any of us ever realized okay that's how the Q's trade but I know that there's plenty of folks because we haven't had a downdraft in so long you know the last couple weeks all that kept saying to myself okay just remember man remember the NQ's man you just can't believe how fast they go down and they do it's just crazy man and you know my take that would not stop at this point but the NQ's always blow my mind. I love them okay but it's remembering how fast they can because it's hard to believe like how can a stock be worth like $100 and then like you know four weeks later into a correction be worth $65 and it's still a great stock and then that $65 stock by the way once we come out of this we'll go past 100 okay so that's that's how it works okay but it's insane it's totally insane there's no doubt about it Dow, Dow is down six let's see let me see I just want to see what this trend is right now so the trend, yeah the trend's still too, the trend's not high enough that's the bottom line always remember folks the bank can claw your heart out the bull can run you over and thank god there's always another trade health app is in prosperity have a great night have a safe night please tell your friends to join us tomorrow morning Tommy kicks us off they gotta listen to the program folks great time to listen to the program 9 o'clock in the morning look at him folks