 The following is a presentation of TFNN The power trading hour with your host David white Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 now David white And welcome all to another excellent edition of the power trading hour with me your humble lovable and squeezibly soft host Who comes to you at this time? The following takes place between 2 p.m. And 3 p.m. well It's I like that Donnie and Marie Osmond Song a little bit of country a little bit of rock and roll We've had a little bit of ups a little bit of downs Resistance pretty good around the 3,900 area and just above I think we're gonna go into a couple of things over the next few days first is Maybe a lot of asking for blue boy if you don't know what that is. It's a You hold your breath and you just tell them to ask for blue boy. Anyway CPI Wednesday Is I think on the radar of most of the big men of Wall Street? I don't know if they're gonna do a lot and get in front of that Then on Thursday, we actually start seeing some earnings So if we have anything in the next few days coming up, I suspect It is holding our breath until Wednesday and then We'll probably have some kind of fireworks for a little while and then we're gonna go right back Take a big gulp of air and hold our breath yet again for UNH United Health JP Morgan Welsh Fargo Morgan Stanley and City on Thursday Not so much Going on on Friday next week So, you know, it is gonna be a news headline driven market I think for a little while think that doesn't change a great deal of where we go on the indexes I do think it matters when though and We're kind of going from stop light to stop light On these as we go forward in the markets, am I incredibly bullish? No, am I incredibly bearish now? I really kind of thought for the most part Maybe a little down today and we kind of got that a little maybe a little bit up today It kind of got that but maybe we can sit here and grind through the next couple of days up in this area and get higher But the option market makers are not thinking That we go much higher or much lower I'm looking for those folks to start opening the barn door one way or the other Either higher or lower, but at the moment, they're kind of the kind of Sanguine about just letting the market hang around at these areas at least for the way that they're selling Puts and calls. So I don't see a lot going on right now It wouldn't be beyond the scope of reason to see us Push up a little higher a little lower into the CPI numbers on Wednesday next week and then of course You know last earnings cycle. We really didn't expect Some earnings that we got and there's a lot of lawsuits for the ones that went on the downside That should have known that we're out talking the stock up ten days before earnings only to have a Horrible earnings call where they probably should have pre-announced. So I think there's enough fear of Maybe somebody a drop in the chalupa On earnings next week, but you know what? It's there's certainly not a lot of pre announcements So, you know if it's going to be out there, it's probably going to be a surprise to the market Again that kind of changed over the years. I remember when I started trading The old adage was that someone always knows something and sometimes they do but the fines and the and the jail time for letting out information Became just way too high and CEOs are pretty playing it pretty close to the vest these days So not only are they telling anybody else? They're not telling there's the shareholders Even when they need to be pre-announcing stuff. I don't know if any of these things come up I'm just saying last time we had some big surprises out there where people should have easily been able to talk about pre announcements if they were gonna with and Don't know So much if they do or not We're gonna go through to have a special request to go through the arc stocks today and see Like everything that kind of came up off the bottom off the lows, but you know, they were heavily shorted so On average being up 10% is that a big deal? No Can they run Kathy Wood out of that ETF. I don't know I'd you'd have to look at How it's all set up and whether or not she's got bosses. I'd have no idea how that whole thing works And the corporate structure for her running those ETFs And really it probably doesn't matter that much I tend to use my energies for stuff that I either liked or stuff that won't make me money and Not a whole lot really interests me in that You can give me a call today at 877-927-6648 you can email me At path at TF and in comm and especially if you had a burning question Since I'm not expecting a lot before the end of the show That may take a little while or may be in depth or may even be more technical in nature. I mean Computer technology electronics that kind of stuff. Give me a call today 877-927-6648 Let's do a little history That'll get us to the break and then we'll be back. We'll go through those arc stocks today On this day in 1776 a 2,000 pound copper and ten bell now known as the Liberty Bell rings out from the Tower of the Pennsylvania State House Now known as Independence Hall in Philadelphia Summoning citizens to the first public reading of the Declaration of Independence Four days earlier the historic document had been adopted by delegates to the Continental Congress But the bell did not ring to announce the issuance of the document until the declaration of independence was returned from the printer Apparently they didn't have laser printers back then. Yeah savages. That's what I think savages anyway of the signatures on the the Declaration of Independence whose Signature off that or on I think it was on or off it sold for more money than any other signature out there Bueller Bueller Bueller Well, mr. Washington just a hair under ten million dollars for his signature the Most a signature has ever sold for we'll be back and we'll go through those arc stocks when we return Booming inflation we are purchasing powers eroded. 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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 markets 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 Toll free at 1-877-927-6648 Internationally at 727-873-7618 As we return gonna go through the arc stocks as a special request And of course, uh, a lot of these came off the lows fairly well Um, you did have lighter volume and beam therapeutics, of course Probably if there's a sector doing the best right now, it is health care biotech Of the rest at least off the lows Uh, probably because they were they began they began Uh, before the rest of the market and had a lot of shorts in them Uh, anyway, beam therapeutics did have a nice set test of the previous low may 12th $27.77 cents with 2.4 million shares. You came into it with not really that much lighter volume to point Uh, to just hair over 2 million shares, uh, and you kind of come up, but uh now we're Getting into what should be fairly stiff resistance. Uh, there is a double gap right at 58 And if you were doing a trade I would have gone, uh for the Test of the previous high, which was uh 41 42 And if it made it through that which it did with a nice, uh Sign of strength, uh, then I would have gone for the double gap and of course Everybody knows that's been listening how big a fan I am about, uh, Double gaps being open and being challenged, but uh right there 56 bucks on beam therapeutics That is a combination of the gap down from the what is that april 6th And a gap up That's still open From march 16th So interestingly enough, but getting close To probably topping out at least on this run Berkeley lights don't know much about this one. Uh, just going sideways Uh to to cirrus CERS Just in a big trading range out here Uh, and kind of got into the previous highs with about just a little less volume than the march first high It's been banging around the lows Actually had two, uh false breakdowns April 22nd and june 16th Of the january 28th low four dollars 67 cents Uh, let's see what these guys do that those guys don't do Uh, come on don't do that Okay Hate pop-up ads Operates in a biomedical products company company focuses on developing commercializing intercept blood system to enhance blood safety Well, my blood's inside me. So it's pretty safe Uh proprietary technology for controlling biological replication That is designed to reduce bloodborne pathogens and donated blood Okay, so they clean up blood that's already left you Or left somebody which is okay So, uh intercept blood systems, huh? Anyway, uh clean blood for all says cirrus Uh, but uh, yeah Nice trading range out there See jen What do we have here compugin? Yeah Doesn't look good Uh, yesterday had 500. What's called 600 000 shares, uh breaking through the may 16th high That had 1.66 million shares. So a lot of these penny stocks did bounce. This did have a nice Uh test of the low almost twice may 11th low dollar 66 Uh with 1.6 million shares got tested by 600 000 shares It came back a little bit back on june 30th 800 000 shares And you quite didn't get into that low But certainly another low on lighter volume 800 000 shares Half of the volume of the may 11th shares and now you're going back up Uh, yeah, like I said, a lot of these things just look green bound at the moment coin coin base A big triangle pattern You actually did get kind of a lower Low on june 30th, but this thing kind of just kind of looks like it's, uh Got a base out here around this mid What'd it get to? What is it now here today? 61 bucks Maybe a little 58 bucks. Maybe something like that looks like it wants to go sideways for a while Uh crisper therapeutics, uh banging away at highs Um, you had a nice high of seven and a half million shares on june 21st Got into that yesterday with 2.7 million shares a little doji out here So you have the makings of a potential triple top, but no confirmation of that yet Uh, draft kings, uh the bookie to the internet And uh, yeah No question about whether or not you have to have a broken nose to work at this place But, uh, certainly, uh your bookie DK ng is the symbol and certainly May 12th Set the low With 32 million shares you tried to get well, you at least got back into the top into the candle with 21 million shares But couldn't go out and even test the top end of that Uh, it was a little lighter with 15 million shares compared to the 19 million share high of may 12th And now you're kind of going out sideways out here Uh, let's see what else we have Ginko beloga bio works Ginko Okay Uh, actually you got some better volume over the league. You had 26 million shares yesterday This one actually, I don't know what these guys do But we will find out here to do Develop platform for cell programming. It's program platform is used to program cells to enable biological Production of products such as novel therapeutics food ingredients Uh, uh Scary But uh profitable apparently or other than today's light volume As I said, a lot of these things are kind of range bound Uh, kind of uh, probably the best thing for him right now would be to go sideways And uh consolidate out at least the levels that they're at now exact sciences exas Has kind of come back and filled this, uh Uh, this big down thrust from the 9th of june Uh started with a 2.2 million shares. Yeah on the 9th Um, you have a untested low out there, which I dislike the june 16th low 35 34 Uh, see if there's anything even farther back on this thing It goes back. Well, you did get back into the 30 35 25 Low of march 18th 2020 and at three million shares Um And you got into it with two million shares. So there is a valid test Of that over time. So, yeah Yeah, you got a lot of gaps to fill And a lot of resistance, but uh looks like that would come in at about 50 bucks Uh, what do we have here fate therapeutics? Nice bounce off the low on this one. Of course, it went back to a giant gap that goes back to December 9th of 2019 Where that came up on 8.3 million shares Came back and tested it with two And uh, you know quite a rip off the bottom In biotech. We'll be back in a minute If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30 day money back guarantee So you have nothing to lose every monday morning I published the gold report with coverage of gold silver bonds the xiu Gdx as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report Sign up now by visiting t fnn.com. 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I think it's all about whether uh, china decides to invade, uh, taiwan um You know, is it nothing? No. Is it 50%? No Could it be 10 15 20 1 in 5? could be um You know if if you watch, uh, either british news or australian news or Even german news you'd have a very different view Of the united states than you would have if you're watching the uh, uh news here in the united states, uh for 95 percent Of uh, the reporting that goes on um And I would say that if the chinese are Watching that they would think that uh, we're an incredibly weak nation um again a very different, uh Kind of uh coverage than you get, uh here in the united states But uh, I would say That's it. Do the chinese really believe it? Are they just going to continue to try to rattle their sabers until they get what they want? Which is probably the preferred way Because they're probably afraid that if they invade they'll blow up all the semi conductor places and uh, maybe the the smart guys will take a plane off and Be able to start their business somewhere else and all that china will have is a Pile of rubble and 200 million people out of business Because remember that is the opposite side And that is that they've got maybe 200 million people Uh that uh rely on assembling and packaging Uh semiconductor equipment Uh cell phones everything Uh That could possibly I'm going to say 150 million of them could be out of work tomorrow And uh, if you're uh, if you're a died in the wild kami Uh as the current, uh leader of china is You know you Do you think you can what is it? What is uh 150 million starving people Going to do for overthrowing your government? So they've got that on one side They've got the idea I would suspect if you watched all the other coverage, uh that uh We don't have a lot of backbone or thought for standing up for Taiwan that will do kind of the same thing that we did with With uh, uh the ukraine which is not get personally involved, but you know sell a lot of arms I don't know if that would probably not going to work Very well with taiwan So hard to understand the uh The calculations that go into it But I think if there was one Fundamental factor in the very short term You got to think that maybe the overhead Uh from um the from video cards being sold For the next few months are probably a big issue But uh, I would say six months I would you know the real thing is whether the chinese do something And they could do it at any point And I don't know what our response would be But uh, not good when you get to two People in a fight and both of them have uh nuclear weapons and that is the issue Uh Okay question up here Okay, can you show the vector c r c f Rx C r f x C r fx. What is that? C f rx, excuse me Dyslexia cure for found um Contraffect corporation. Yeah, it looks like uh You got down on 200 000 shares today Uh, well certainly came down on huge energy You got a higher volume low at 276 So the next thing you'd want to do is test uh two dollars and 11 cents And uh today's candle Yeah, looks like you could do it Uh, I don't know much about this company. What is it? What do they do? Okay Uh clinical stage biotech company, okay, so it could do anything Un unknown Okay, other stocks Out here Robinhood this is kind of interesting it is basing out Uh, it really hadn't got a lot, you know on a percentage basis, you know, you got down to six dollars and 81 cents Um, could you call this an abc on the way up? It's interesting. See if we actually have anything here for this um Yeah You kind of Okay, the abc that you kind of had Did get right pretty close to the seven dollars and 60 or excuse me six dollars and 71 cents got to six dollars and 81 cents on June 12th. That was the abc um See if we can't do this. This is kind of a tight one I'll make that one as a Okay, we'll make this one See So you retrace 66 that's pretty steep For robin hood But that would tell you that uh 10 dollars and 69 cents would be a one to one abc and of course you got uh all its little friends up there Uh right around the uh high 10 dollar mark So could you get that and could? Um, my guess is it probably would need to consolidate a little bit more before it takes a run Okay uh Thoughts on tlt. Well When's the next fed meeting? Uh, mr. Fed calendar. Where are you at? To Okay July 26 6 So the question is uh on july what a 26 27th. Do you get uh 50 75 I don't know. I haven't looked at the numbers lately Generally, they don't seem to track until you get to about the last week on actually being real meaningful as of late Anyway, so I don't you know you get those numbers and people do bet I just don't think they it's kind of like a horse race, you know, it's the last 10 minutes that you really Uh set the odds and uh, I kind of think like the last week I'll probably start paying attention to that But uh, I think everybody kind of betting on 0.75 now right three quarters Could be interesting, but like I said I'm kind of driving like I'm in the worst no storm and fog that I've ever been I'm not looking that far out Lest I end up in a 40 car pile up on the interstate And that's how people do it. They think that they can see a lot farther than we can I can you know, if the market had no fed I I think that I could predict a lot better Uh, because I can tell what a lot of people are going to do It's much tougher to know what five or six or seven or eight people are going to do in the fed Uh, but uh, certainly You know, we get kind of some ideas, but I you know, everybody I know is betting on three quarters of a percent, but Um, we'll talk a little more about the tlt when we return Are you in the market for buying or selling real estate in the bay area? 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That's 7 27 32 9 83 22 call us today The technology around us is changing every day with so much happening It could seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information You need to understand technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting-edge 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 every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 dollars and 50 cents 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 Are china a shares hot or not? If you trade china a shares now may be time to take a closer look Trade chau or chad Directions daily csi 300 china a share bull and bear etf's china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares 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 eight six six four seven six seven five two three 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 This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz As we returned we were talking about the tlt, you know, it just looks to me you got nine million shares today probably gonna end up with 11 Maybe 11 and a half. It looks like you're probably gonna retest the last low here, which was 110 65 and So we'll probably have some kind of decision, but It's hard for me to get too optimistic on thinking that these this is doing anything but going lower Staring down the barrel of a three-quarter percent height rate hike and probably yet another one following that So I think we get that one and then we get one more probably in september and that's probably it Until the elections They generally don't like to pop one out one, you know the day before november 2nd, but that's kind of I think you get one now I'd have to go back and look at it, but I think there's a Possible rate hike in the first week or two of september but so looking at least Into the beginning of the fall with another Point and a half hard to say To to yeah Somebody asked I saw that article out today on the starlink, which is the internet service from SpaceX Yeah, they've got this really expensive system for cruise ships now for For that it's a five grand a month And 10 grand for the equipment probably not a big expense for a cruise ship I know they've got systems now, but it's Kind of like you can do email without attachments or something But yeah, this would be I think much higher bandwidth for those I mean even kind of Luxury hundred footers or something could buy that I guess If you've got to read your teletype while you're out in the middle of the ocean But it's interesting I think More interesting to me are a lot of the areas that are not served at all Across the world. I think that he's probably got a good business. I don't know how the dollars and cents Comes up though Will it pay for all those satellites hard to tell? Let's take a quick look Since that is on the list of stocks that we're going to get to tesla had a nice little bounce this morning Come on. There we go. It's coming right up to where it is finding Resistance or I would suspect is resistance a huge gap down on the third of june that was on 37 and a half million shares Coming into that today so far with 27 Million shares. So is it going to be that bad? No, maybe 32 million shares by the end of the day It is friday Maybe something changes, but looks to me like you're just going to get a great deal of range bound stuff Could you pull back 50 bucks and then maybe After earnings and the cpi numbers next week get the next move up That's kind of my thinking at the moment, but I don't have a real good signal on anything I am all cash as I said yesterday. I went to all cash Yesterday and wait for a better fatter pitch out here We're up 11 points on the s&p cash nasdaq's up 37 Downs up 92, but uh, yeah Yeah, we don't have much, uh, of course, uh interestingly enough we've got Options expiration next friday for the monthlies so a lot going on in that So we've got about four and a half minutes Okay And I think I got that okay, let's go back to some of these other ones question about roku This is the company that forever. I said I when they were 300 bucks. I have no idea how they make money I still Kind of don't know how they make money But certainly they're a third of the price that they were um The only thing I can tell you is I've got it in two of my televisions and They automatically try to add more channels. So my guess is that uh The since I have two remotes and they both do the exact same thing I'm not figuring that that's a mistake. I think they must get paid For adding channels and steering people To look at their fair where their fairs, but uh I don't know. I still just don't understand how they make a lot of money But generally that's a good stock for me to stay away from if I don't understand it But I but I told you I didn't understand it What else do we have here Uh roadblocks roadblocks actually Some decent volume today as it breaks through it is holding its highs And of course, this is the game company that was so revered at one time Let's go back here 141 bucks and 60 cents on november 22nd of 2021 Um, I was never high on the and I'll tell you that there's a couple of different kinds of game companies And they're the game companies that have flappy birds and everybody starts playing it And they become famous and maybe they have a couple of hits They're much more like the movie theater Business where someone will have a big run of a couple of movies that everybody wants to come out and see And then you know, they'll have the six cents And then they'll have uh unbreakable And then they'll have a string of movies that no one's has seen If you know m night sham a shamalan Shamalan anyway m night Uh a couple of great movies and there are a bunch of stinkers And the problem is that this really doesn't uh, there isn't a lot of franchise building out in this And the bigger companies in this sector like electronic arts and some of the other ones out here They've done a great job of building a franchise Where they can put out the next new version of the game that uh, you know 100 million people play And so they get 100 million shares or 100 million sales of something that cost 60 bucks And yeah, I mean the the budgets for a lot of these things are 250 million 300 bucks 300 million, but uh, let's compare that to the movie theater Where they threw uh, I think, uh Trying to remember which one it was Which movie anyway, uh, it was just out. I think it was buzz light year uh total uh Output is going to be 600 million dollars to produce the thing in all the countries and everything else And the I think more than half of that was uh advertising And uh, they're going to be lucky to get back three fourths of that So it is kind of a better bet I think uh for these big franchise as long as the games don't horribly stink in which case They do test them and find out whether people like them or not and then change them as they go along And the movie's not so much. They kind of if it stinks, uh They kind of just uh soldier on uh, even though uh people aren't gonna like it But uh, yeah, it's tough Uh, I still got uh, if you got a burning question There's uh appointments and lotions for that or you can call me at 877-927-6648. You got two minutes This to gold owns and operates the largest undeveloped gold project in australia the mount todd gold project This to gold just completed their feasibility study resulting in a seven million ounce gold reserve This to gold has all major permits approved and has retained c i b c capital market assistance in evaluating alternatives and in completing An accreted transaction this to gold trades on the nyse american and tsx under the ticker symbol v gc This to gold executing a strategy to create shareholder value You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30 day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis after all He's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The tiger's den available to all tigers and tigers for just one dollar for the year There's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Catch tom o'brien professional trader and educator founder of tfnn also a special guest on cnbc Tom will bisect and dissect the markets the tom o'brien show next on tfnn And we've got uh, jeff from philly. How you doing today jeff? Uh, good david. How are you? Great Um, so i'll be real succinct. I know we're short on time. Uh, if Um, prosecutors were successful in scaring the big banks out of manipulating Uh, the precious metals markets Would you suspect that the precious metals would shoot up in value? Um Now I kind of take the uh approach of great stock operators and commodities operators Have you ever read uh reminiscences of a stock operator? Yes, it is. Okay So you know all about stock manipulation Right Tom started reading this article from bloomberg, which I found in red and it looked like some prosecutors Are going to get serious about coming down on uh jp Morgan, etc And it occurred to me that uh, it seems like conventional wisdom says precious metals are being held under water through this manipulation So if the manipulation stopped wouldn't it seek its natural value, which would be a lot higher? Um, no, I think in the short term you can Move a lot in the long term you can't so um, I I know Uh, I'll turn that down. Uh, I know that uh You know a lot of people want to think about a Kind of a you know a big reason for that and yeah in the short term can they Manufacture a market for two weeks. They can But over the long term it wouldn't be this way unless Uh, there were a lot of other reasons for it. So no, I'm not subscribing to that So when you can not when you have to we'll see you on monday same bat channel same fat time Building wealth trading in the stock market seems impossible