 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. As always, it doesn't matter where you're at, or even where I'm at, as long as we're here at the appointed time. The following takes place between 2 p.m. and 3 p.m. So what do we have? We've got a market that is my predecessor in the hour before, I would always say a mixed bag, but we have more of the same as far as I'm concerned, and that is folks leaving the more speculative stocks, some in technology, but really heading for those stocks that are quote, quote, the A-list stocks. The ones that everybody talks about as on breathless waves on CNBC, the Dow 30, the ones that really matter, the ones that your dividends will never be taken away from. And it's, I mean, we're at a bear market. All you have to do is look at Netflix or Facebook's reaction to earnings. And kind of the belief that it's a big deal or the belief that it's just not gonna happen to me. There wouldn't be any war if everybody believed they were gonna die, whether they were or not. So everybody just kind of goes back in there. The markets give you a number of times after a high to sell, but again, greed means that you cannot, or let me put it this way, 95% of people cannot sell a top and then decide to stay short. They will come back time after time thinking that a new bottom's in. If this time it's different, but you're gonna have all the stocks that were leading the last couple of years, just in a normal sector rotation come back down. I'll get into Netflix in a little bit. It's got some specialty items of why I hated, or hate a lot of Hollywood style companies. Mostly from my experience being out there, which we'll talk about. But what do you have? You've got a market where everybody continues to crowd into a handful of stocks thinking that they can hide out there. They're smarter than the rest of everybody else. They're a better stock picker. And the reality is they probably aren't. They're just doing what everybody else is doing on a day like this. So you've got the Dow up 1%, the S&P's up 3 tenths of a percent. Of course the Nasdaq's off three quarters of a percent. But the news just didn't get any better. It continues to go worse, but as I've said many times in the last few weeks and backed it to Christmas, in a bear market, you're going up probably three fourths of the time. It's just when you go down, it just goes down so much quicker and faster. You may just tick up like this, like three tenths or a tenth of a percent in a bull market. But then you get the one, two, three percent down days in the big indexes and it takes another week or two. Everybody thinks it's over and it's not there. So as I do get into this, what I'm looking for is everybody to quit shorting. We had a little, it wasn't big, but there was enough of people shorting into yesterday's rally, which makes me think that yet there's another day, at least today, when we're probably gonna see a little higher index levels. The real key is whether or not we get people giving up on shorting today. If it's not, it's probably on Friday. And then I think we're probably gonna start seeing weakness yet again. Now, I would be persuaded to say that being bearish is probably the wrong side. And the reason, the way I would do that is see lots of volume. Well, we had about a little, about 6.9 billion shares as we started the show yesterday. We're doing about 6.7 billion shares as we started the show today. None of these are large volume moves higher. In fact, if I was, if this was the 15th of May, I would say we are in a part of the market that's setting up for summer volume in April. So not looking good. I'm still thinking that we get a fairly wicked downturn into the first week, 10 days of May. I don't know where that's gonna start. Could be anywhere into today. Ah, did I do that right? I didn't do that right, did I? Today, okay. Let's do this. I wanted to do that. Okay. It's just much faster today. I must have done something with my software. I've been, maybe it's not doing anything. Maybe it's not downloading anything. I'll have to check here. Anyway, certainly we're seeing a great deal of action but as Joe Granville used to say, when the Titanic's going down, everybody just runs to the stern of the ship and as far as I can tell, everybody's looking for something to hide out in and it didn't change much of anything. Eight, seven, seven, nine, two, seven, six, six, four, eight. CM, what happened on CRM is one of the first questions. No charts today? I had it up. Must have come down. Let's go live here. You're not in call. I don't know what that means. You're not in call. You are, now you are in call. Okay, I don't know what you're not in call means. Okay, it's two. Yeah, what else do we have? Take a quick look at CRM. Salesforce is down here. The biggest problem Salesforce has is that it's slowly losing esteem to both Amazon Web Services, Microsoft and Google's Web Services business. And I don't see how you ever changed that is this thing a buy down here on the light volume of yesterday. You had 12 million shares back on February 24th, six million shares now. So you're gonna get a fairly decent bounce but probably just a bounce in that. What you really wanted to see was the energy off this March 29th high come back down on much lighter volume and for all practical purposes it was about the same energy on the way up from March 8th to March 29th as the energy down on March 29th to low here on March 19th. So that's kind of it. Not a whole lot, you're probably gonna get a bounce I guess as you're gonna come back and retest it but you want as they bounce and then they pull back on high volume. You know, is it a probably a buy at the moment? Yeah, it could be, we'll be back in a minute. Are you grinding in the market but seeing little to no return or are you a successful trader simply looking to make your job a little easier? Learn to take the path of least resistance with David White's powerful trading newsletter. David White is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades, support and resistance to find the ranges in which stocks trade. By understanding these trading ranges, David White is able to find a path of least resistance. David White's trading newsletter, The Path of Least Resistance, is delivered daily before the markets open to make every trading day an easy win. 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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. At 1-877-927-6648, internationally, at 727-873-7618. First question is Marriott. And what do I see in there? It broke through previous high that had 3.3 million shares on 2.7 million shares. It doesn't have a follow-through on higher volumes so far today. More than likely, it is not a bad stock but we'll probably pull back into that trading range back about 185. Another question, yeah, so I think it's probably done for this week. Ross, just a guess, but I think you're probably got a high and it's gonna pull back to 185 and tell you there whether or not it's gonna hang on. Another one, look at AutoZone, J&J, Ulta, Procter & Gamble, PM, Cat, Mondalese, Hum, KHC, PPL, Darden, Cube, and many. I think it's just the same as everything else and everybody thinks they're going to stocks that will be safer in a recession. Especially J&J, Procter & Gamble, those stocks are the ones everybody runs into. And that's kind of it. You've got, you've got, what is it? AutoZone's probably the easiest to see and that is interest rates going higher, more used cars, more used parts. And the biggest thing is I think you have a gap up today and it's on fairly lighter volume. That's why I'm thinking a lot of these stocks, probably have topped out either today or by Friday. Higher volume, I mean, higher prices, higher price. But you see these start pulling back tomorrow. My guess is they're gonna come right back into the trading range that is on many of these. Let's take a quick look at Procter & Gamble. Walmart's another one that's doing the same thing today. Everybody's looking for stocks where the business is probably not gonna go away or it's gonna go away least. Remember most of people, 80% of participants that are at least put it this way. The 80% of the people that buy 80% of the stocks are big shots on Wall Street are all looking to lose the least amount of money going forward. That is they, they have to be 100% invested if they have funds. And so generally what they do is rearrange the chairs on the Titanic and continue on. But whether it's Procter & Gamble or the rest, will they outperform probably over the next year or two years? Yes. Does that mean they're gonna go break out and run? No. As soon as they hit highs, my guess is a lot of people are gonna start selling. When we get into Walmart, same kind of thing, they want stocks that don't have a lot of technical or war or other kind of issues. They want something that's gonna be there in a year from now. They don't want something that gets supplanted. And with the massive amount of infrastructure you need for a Walmart or an Amazon or a Target, you're not gonna find a competitor that comes in and wipes you out in the next year or probably not gonna find any kind of technology that does it either. But light volume on Walmart today, again, I was a high. So I'm thinking that either today, maybe Friday, we're gonna see the top and one more opportunity for everybody to sell. They're just thinking that they can be, especially if you're on Wall Street, like I said, you've gotta be 100% invested. So you're just trying to lose the least amount of money. So they rearranged that. And of course, in the short term, you actually make money because everybody else does the exact same damn thing on Wall Street. Trying to remember who it was, William Buffett said something about, oh, he says, when people in Wall Street get an idea in their head, they're worse than lemmings. And I hate to smear lemmings with what they think, but I'll get the actual quote. It's a little snappier. But everybody's got the same idea. So you're gonna get a handful of days where everybody runs into the same stocks, but I don't see anything out here that says the bear market is over. As I said, I'm still looking for 4110, 4120 in the S&P test to get retested. It's just, like I said, three-fourths of the time, you will be going higher, even in a bear market. So I'm out for the moment. I don't have any short positions. I covered them, as I said, early last week and made a killing, mostly in options. And now I am really starting to think that the time is coming where I can get some good shorts again. I got a question. See it's here. Sellers out in force and Facebook. Have I heard why? There's a lot of rumors. I'll try to get to that at the bottom of the hour. But I think, for the most part, everybody knows that really Snapchat, some of these other ones are really starting to pick up business and TikTok at the expense of Facebook, who most people want nothing to do with. I said it while it was going up and I'll say it while it's going down. Facebook's product is making narcissists out of young folks. So we've got a bumper crop of that at the moment. It will take a little while for reality to set in, but we've created probably the worst generation of folks with Facebook, not the best. But that is it. I'll talk a little bit more about the reasons why people are out here selling Facebook, but I'll do that at the break. See if they have anything else. Okay. Metapycon, as I said, metamucil. Orly too, yeah. Just right now, all you have to do is throw a dart at anything that seems old and stodgy and people will need when they're broke, like auto parts and that's why it was so, so let's take a look at Wendy's. I was so thinking that Wendy's downgrade was probably a low a couple of days ago, that it was awful self-serving. He did have a little more volume, so I'm not thinking that it's gonna go up. I'm just thinking that generally they were trying to get out of some short positions when they started peddling that pablum that they do on Wall Street. Watt. We talked about this years ago. I'm hoping I'm getting everything out here. And yeah, Orly is another one like AutoZone. Ingenious Watt, we talked about this being a fraud. And I think we had a gal call in. It had to be two or three years ago. And if you make extraordinary claims, you better have extraordinary proof. They had little or nothing. And this was probably as close to cold fusion as any story has been for a long time. We'll be back in a minute, but we'll talk a little bit more about this company. And just how inefficient and literally we'd have to build as twice as many power plants. This thing actually really took off to make this thing work. We'll be back. 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 Tigers' 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. 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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 Charts. 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 Charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Charts 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 gonna 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 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. As we return, I'll continue to watch the quality which is this crawling here, seven billion shares on the CBOE consolidated tape. If you wanna know what I'm looking at for volume, email me at path at tfnn.com and I'll send you the link. But that's the best volume site I know since it aggregates all the different areas and volume and what I use every day to go back. Back to Ingenious Lot. We talked about this show maybe two years ago as a possible fraud. There's a couple of big frauds that are going on in things like GoFundMe and all those. One of them is energy through the air, which is what this is. Another big one is being able to get water out of the air for very bad places where you can't get water and it would, of course, save billions of lives so it's gotta be something good. I always loved trying to remember his name now, the guy that shorted to Enron. He always said it's okay to lie about technology if you're seem to be changing the world. Chain us, yeah. And that's true and this is another one of these. The other one is this seems infant item is the one that talks about getting air out of, water out of air, which is called a dehumidifier, by the way. But I've seen probably 10 of those scams over the last couple of years. They continue to run YouTube guys that debunk a lot of these hucksters are always on these folks. And it seems like no one ever went through high school, basic physics or the three laws of thermodynamics to figure out that getting water out of air is about 80% of the cost of running air conditioning. So probably the most expensive water you can buy, almost always cheaper to truck it in than to try one of those scams. But since Tesla and his thoughts of being able to beam energy through, we found out that again, a big issue is efficiency. The product that this company sold took 500 Watts to get five, actually probably more like two Watts to a cell phone to recharge. So you're spending 500 Watts to actually get what you would plug in locally to it or even put on one of those magnetic resonance pads that will charge a phone. Even them, you spend 10 times the amount of energy than plugging it in. I understand why you don't want a lot of holes in your smartphone the next time you drop it in the toilet or the pool or the lake. So they wanna make them watertight. But it doesn't change the fact that this is massively by what, three orders of magnitude inefficient. So the biggest problem I think I would have is the global warming folks coming to burn your house down because of the amount of power that you have to put out but where you actually get it. There's a couple of other companies trying lasers to send power. If there's a great use case for it, that's fine. If it's just because you're lazy, I don't think that's a great use case for a watt now. That being said, Sears and Kmart and a lot of other companies, including AMC and others, we've seen them go to the moon. We all know the worthless. We all know that if there's any worth in there, it's if it's a penny on the dollar, it's probably amazing. Same thing with this. But at some point you get more people short than they should be and you're gonna see movement off the lows before the people. You actually see something like this one circle the drain but that's it. Yes, in a strange case of cognitive dissonance, the global warming people would burn down your house even though it would release CO2 pollutants. 877-927-6648 if you wanna give me a call and see if I think we're gonna get to some emails here now. Also, I got a couple of those. We'll send the people asked for the volume site during the break. What do you think of bottom fishing on Netflix? Well, I think if you did that at the very beginning of the morning, you're really, really not good. This is how bear markets work. They open low with a gap away and then they go lower. And if you want a pattern, just look at Netflix. This is the new pattern of being in a bear market, although most people are not gonna say that they're in a bear market. They're gonna look in the rear view mirror down the road, maybe 60 miles, maybe to the next city. And eventually they're gonna go, you know what? We were in a bear market. But this is the way bear markets work. They bring in more, you got to 212. My guess is you're probably gonna see more problematic issues with Netflix as we discussed. At the beginning of the show, I spent 10 years dealing with these folks out, actually almost 12 years, dealing with these folks out in Hollywood. Mostly I was on the special effects side. I didn't deal with the talent or script writers, but I was in meetings where all this stuff went along and they asked, could I do something or help something for the customers that bought my products that worked on these movies? And we were in some meetings with on some very big movies that was on the set. I think the really first one that I remember that was big was being on the set of True Lies when they had Schwarzenegger in it, the cockpit. It was just kind of like the cockpit cut out for True Lies and standing around and talking to people. And of course, watching Schwarzenegger hit on any woman that was with an earshot. But he was quite the hoot back then. But would any of these people recognize me today? I doubt it, the other than my customers who were just asking if I could make a change in software hardware difference or would it make a good idea to make a product a little different way? Maybe the next version, that kind of stuff. So we'd go out there and we'd spend some time doing that. But the same thing happens with every single one of these kind of companies, whether they were producing movies or TV series or whatever. And that is they'll have a string of hits and then they'll have an incredibly long string of failures. Every single one of them I ever met finally ended up making a turkey of a movie. And that turkey turned into a, what is a bunch of turkeys? I'm sure there's, I know porpoises that are pods and whales are pods and stuff like that. But guess what? I've been talking about it since Christmas, the cost of production's gone through the roof. There's only so many good ideas and generally people run at it fairly quickly. In this case, any good writer now is probably a single good writer on one of the 610 shows they're producing. It's a glut. It's a, it's a, it's an idea gap. Talk more about this. When we return a gaggle of geese, I don't think a gaggle of geese. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. 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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. 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. Then hit Watch Tiger TV. Disinformation everywhere. Disinformation I see. Apocalypse Now was the follow-up movie from Francis Ford Coppola of the Godfather series. So that's it. So yeah, that was Francis Ford Coppola's movie. And there is a documentary of the making of that movie that I think is better than the movie. And of course, that whole thing was a Joseph Conrad book, The Heart of Darkness, which I think everybody should see. And yes, a rafter is what everybody thinks that is what turkeys are, a bunch of turkeys are called. Anyway, we're talking about Netflix and just my experience. Everybody I know in Hollywood over the 10 years, by the time five years had gone, the companies that they were involved with were Caput, Dunn, or Over. And all you have to do is look at all the different, quote, quote, I'm gonna say studios in Hollywood, to Paramount for a while, they'll have a good run. And then they make a whole bunch of turkeys and no one wants anything to do with them and they go broke because it's all about how much money is behind these things. And Netflix has been greenlighting a bunch of turkeys. And that's, I think, is a part of it. I've got a question about whether I think this whole sharing of passwords is a big deal. I think that they're looking for a lot of places to put blame instead of on the mediocre level of stuff. I did hear one analyst out here talk about how year after year, before there was streaming, we'd have 40 new television shows and two maybe would make it. The batting average for series shows of which there are now 610 in production in Hollywood. That scripted shows. When at a good year you might have 60 or 70 going back even 15 years. Good ideas are fairly rare, especially interesting ideas. And just one after another of these horrible comic book remakes, I think just eventually people are gonna get worn out on them. I think that's another big part of this is that movies that are really good are fair and rare. The series have become homogenized after Netflix and Disney and a lot of these other companies starting off and leaving the production of these things alone. The same thing happens every time. I was in a comedy movie that I don't think got produced. And this is the same thing that happens. You get a bunch of people in executive parts of the business. They all come down, they all give notes to the people that are creative. These people, especially in comedy, the least funniest people in the world tell you what's funny. And I sat there and just all I could do is keep from laughing. Again, I had nothing with the production part of it or the script. Just that I knew these people were the least funny of people that I would ever probably meet my life and they were telling somebody that was incredibly funny who was going to make several movies that would be on the tip of your tongue now in comedies later on, as I said, this one didn't get built, but it are made, but it's just that way. Hollywood brings the worst narcissism out of, especially the executives that are around it who believe they're the smart folks and the creative people they hired, they should have just left alone. And it's just an endless cycle that happens time after time. 877-927-6648, yes, we've got the rafter, a group of turkeys. And that's what I think Netflix and Disney and some of these other ones are talking about. Based on your outlook on the markets, getting ready to go down in the next couple of weeks, what price would you consider buying mosaic? Again, I don't think there's a, it's a market of stocks, not a stock market. There are gonna be stocks that outperform on a pullback. If you're looking enough to get one of these, I don't think anything's really gonna change in this business probably over the next couple of years. Again, this is all about energy production for the most part or tied to a great deal of it, natural gas for making a lot of this stuff. And until the political bunch that is decided that high energy prices are in our interest buckle, which they will, eventually they'll get voted out of office or thrown out of office because no one wants to pay four bucks a gallon for gas. And then that's gonna happen. So I'm gonna say you're probably fairly close you got light volume today, seven million shares, going back into 10 million shares. I'd look and see if you get light volume at 70 bucks, but I think you could get that. But again, it's hard for me to be bearish on energy or anything energy adjacent like these companies as long as we have a policy, a political policy, not a reality policy against lower energy prices. We started getting lots of natural gas, that price starts to fall, then you might wanna change your opinion on this part, the whole fertilizer part of the market. The mosaic, phosphate and potash. But yes, it's energy adjacent, as I said. Once you get that, all that phosphate and potash, fertilizer is then made with that stuff and natural gas. So yes, it is energy adjacent. They use a great deal of it. Kind of like the other day when I was talking about concrete, you don't think that it's all about energy prices, but it is. They use a tremendous amount in making the soda ash that goes into concrete. So yeah, you kinda have to understand how whatever you're working on is in there, but yes. High energy prices mean high fertilizer costs. Okay, what else is that here? Rear term, low for NVIDIA and AMD and VDA. Take a look at this. You bounced today, you didn't have much in the way of volume. Again, can you get lower prices? You probably can. I don't see a lot in the way before the end of the summer, but I don't have a good call on how much lower this one goes. AMD seems a little bit easier to say. It may have a little more weakness and break down. There is a gap down about 70 bucks this could come back to. We'll return in a minute. 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. 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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 Tigerses 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. 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. As we return, IBM did have not despicable earnings but I don't think it's gonna do anything other than stay in this trading range. As I said a couple of days ago, I think this thing's over a long-term dead money. Yeah, can you, it had five days to cover. So are they running the shorts out today? Yeah, do I think it's maybe a one or two day wonder? If everybody backs off and no one shorts his thing at 140, 142-ish, you may have a good position to actually, if you're in it. I think there's probably gonna be a lot of stocks that are far worse off than this. But 142, I'd probably think about some kind of short position in it, back to 118 because I don't think this thing's going that far. After the bell of the night, we've got Tesla, lots of people talking about it. The key is what they say in the earnings call. The plant was shut down for the last 10 days of March. It still is not open in China. I don't know when it's gonna open, maybe they'll answer that tonight. So earnings could be literally all over the place with Tesla. Again, everybody is, this is a cult stock. My guess is everybody will be shorting it at the close. So I won't be doing that. You might be right, you might be wrong. I just, I like surprises to the downside. And it's generally when nobody is shorting it, they can run this thing 50 or 100 bucks and then drop it at 200 bucks before you're done. So I don't see a lot of risk reward in these. But again, all about the conference call. We'll talk about that tomorrow. We do have Tim award in tomorrow. So get your questions to me today and tomorrow before the show at path. The FNN.com. In the meantime, so when you can, not when you have to, we will return like that.