 The following is a presentation of TFNN, the morning market kickoff with your host, Tommy O'Brien. Good Tuesday morning everybody, I'm Tommy O'Brien, coming to you live from TFNN just after 9 a.m. Eastern time as we come in after the long weekend and we got a little bit of a reversal as negative market action kicks things off. Just look at the last couple of days, right, Thursday action. We talk about some volatility, man. Friday, intraday, we spiked to a high of almost 48.38, let's see what we did get to just after the open on Friday, 48.3650. Right up at that level, we've seen a little bit of volatility to the downside this morning, back to a 50 minute chart. We were as low, about 6 a.m. when I woke up this morning, 48.17, you were down there at about 3 in the morning. Look at that acceleration, right, let's go back to a 5 minute, because 3 a.m. Eastern time, man. It doesn't look like much and it is interesting in context, right, just extreme volatility on Thursday and on Friday, and you had quite a drop out of bed, man, in terms of 3 o'clock in the morning, you'd go from 4800, I guess it's only 15 points, but pretty dramatic in the overnight session as you get Europe opening up, you trade up above 4800 and right now we're trading at 47.94, you're negative by 22 points in the S&Ps, that's in the red by almost half a percent. You jump over to the NASDAQ 100, we're off by about half a percent as well, you trade lower overnight, you see the volatility in the volume at about 3 a.m. Eastern time, 16,820, just like that, we're up a bit off those lows, still off by 78 points, Dow off by 160 right now, you're negative by 410th percent, see a little bit of a rollover in the Dow coming back into those 3 a.m. Eastern time lows. Crude, you talked about volatility last week, we're trading with the 72 handle yet again, 72.73, you're basically flat, you're positive by 5 pennies, Gold accelerates to 2067 last week, you're trading at 2043 right now, Gold off by $8 right now, and we jumped in notes and bonds and what do we got? We got higher price, lower price, higher yield, lower price, higher yield, where are we? We're right back to where we were Thursday, which is just remarkable in terms of the volatility we had since then, you get the 10-year, 4.03, 4.03, not bad on the 10-year right, back above 4%, what were we last week? When we hit 112.26, we're approaching 3.92 I think, something like that, just huge swings across the board, anytime you're getting some action yields, you might get some action in the dollar, and there it is man, dollar, 103.21 as we have, now what's remarkable here is, what did I say? Take a look at this conversation, okay? This is the one that jumped out at me getting ready for the program. Where are yields right now? Back to where we were on Thursday, okay? Where are yields right now? Right back to where we were Thursday before CPI, okay? Where are yields? Right back to before we were Thursday CPI, where's the dollar index? The dollar is up a full point from where we are, so what you're seeing here is, okay, yes, higher yields are going to bring dollar strength, okay? But pay attention to the moves you're getting in the dollar, because what's happening is, is that man, that is going to have an impact regardless of where yields are, getting a little bit of a pop right now. Now, where does that come from? Does that sustain? We will find out, but nonetheless, we got dollar strength right now as we have yields rising, but we are well above the correlation in terms of where we were Thursday before CPI versus where we are right now. Nonetheless, you jump over the VIX volatility index this morning. We've got about 20 minutes to go until the opening bell. Pay attention to this one as well. Also, double as well. Yeah, because we had a lot of negative action in the market last week. You didn't see spikes to almost 14. So what's going on this week, right? What's going on this week that's separating those, as you do have a pretty respectable VIX at 14 that, yeah, nonetheless, we got a little bit of a spike in the VIX. You got a little bit of negative action right now, and we'll see where we go from there. All right, and where do we kick things off? Let's kick it off with Boeing, man. What were we talking about last week, 220, right? We had 220 on Friday, boom, 210 today. And yeah, it's probably not going to stop, man. In this area, you put this back on a weekly, okay? All you're doing is coming into this consolidation area that you were in for the beginning of 2023, and now you're at 220, 210, and you're probably going to the bottom of that, which is a nice round number of 200. Now that's just the first stop, okay? I'm staying current. Longer term, you may have some big issues, all right? We would just do 180 in October. Don't tell me you can't go back there with what's going on with Boeing right now, right? And here's the headline. Let's pull it up. Where are we? I just lost you. I had you. Where are you? There it is. Slow deliveries is what they're worrying about here. Falling after a long weekend of developments tied to that 737 MAX jet led analysts to raise concerns that the crisis could slow aircraft deliveries, yeah. So they're lower like we just talked about here. You had analysts at Wells Fargo's cut their rating on Boeing to equal weight from overweight, increased risk that growing scrutiny of the company's manufacturing quality will have an impact on the pace of production or deliveries. Well, if only you're interested in, the only thing you're interested in is profits, that might be a problem. But if they're pushing out plans that the bolts are tightened on, then they might have to slow down that pace of production and deliveries, and it would make sense, right? It is kind of a conundrum when you think about it that all the plans they have are already sold. Here's the incentive to make sure that they're doing their best. Now I know that there are incentives, of course. I know the FAA holds them accountable to a certain degree, but it is interesting when you think about the fact that they have planes sold for as far as they can deliver right now, and maybe they need to slow that down a bit. And that seems to be a pretty reasonable opinion when you put it in that context. The FAA has grounded most of those jets. They're investigating practices at Boeing in the wake of the accident, yeah. And it's going to increase monitoring of so-called in-service events on the Max 9 and plans to audit the production line, as well as those suppliers. So yeah, analysts waking up to the fact over the weekend, I guess, that it's sometimes man, you know, analysts can be dramatically wrong sometimes folks, but they can also really have a good insight in terms of that's their job, that's the industry they're paying attention to, and they're understanding that things are going to slow down. It's going to pause deliveries, that's going to impact the bottom line. And yeah, you've got Boeing down to 210, just like that. It's never just a one-day deal, that's what our man Kevin Hink said last week, not going to get his take. Now he is on vacation, so we're not going to be chatting with him, but keep that in mind, because I was thinking about that this morning as well, excuse me, that it's never a one-day deal on a Boeing deal like that, right? There's your blowout. I mean, you had opportunities at 233 to get out of this equity a week ago, Monday, and you're pushing 210 like that. So tough deal on Boeing, man, as we await, but yeah, they're going to have some problems. And remember how that company has progressed in terms of the pullbacks that are possible. And even if you go to where we were in 2021, right, from 278 down to 113, you hear that folks, from 278 down to 113 in Boeing had before you just accelerated up to the highs of 267, so don't be surprised if you get some pullbacks here on Boeing shares as we kick off the session down $7, that's putting some weight on the Dow off 141 points right now. You get the S&Ps off about 410 percent, off by 20 points. Stay tuned, folks. We got a big week of, we got some heads up, we got some earnings, kicking things off, and we'll come back, we'll talk a little bit of golden as they're out with their numbers as well. Stay tuned, folks. Come back, we'll talk some more. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them, using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, educating investors. Trading 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 Pezzavento 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. 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My dad back in the saddle today. He'll be back on Tuesday. We've got our man Basil Chapman here. Next everyone back in the saddle right now. We've got Basil coming up, of course, next with the Tiger Technician Tower. We've got our man Steve Rhodes coming up after that with the Trader's Edge. We have Fast Market that will be going live, even with Kevin out for the week, and then, of course, we've got our man Larry Pesvento and my dad back live from three to four. It's going to be an interesting Tuesday, man. You get a little bit of a reversal, a little bit of a rollover, and we jump to Goldman. So Goldman, we've got the big banks out on Friday. We've got the investment banks out, and we've got Goldman rolling over a bit. You do accelerate higher. That was saving the market a bit. We're rolling over a bit. Goldman was all the way up to 384, just like that. We're basically flat on their earnings. You jump over to Morgan Stanley. Negative we go. You were at about 90 as of the close yesterday. You're pushing about 87.40, and you jump over the headline for Goldman over here. Equity trading surge drives jump in profits. Asset management revenue climbs as fixed income disappoints. Equity trading revenue was triple what was supposed to be expected. How about that? Right? Those equity traders. A year of execution is how their CEO, David Solomon, called it. When we achieved in 2023, coupled with our clear and simplified strategy, we have a much stronger platform for 2024, as what they're talking up right there. Net income was just over $2 billion, not bad, or $5.48 a share on $11.3 billion of revenue. Asset and wealth management business, $4.39 billion, up 23% from a year earlier. Management fees contributed the biggest chunk, as the bank highlights what it hopes will be predictable growth in those fees, which previously were overshadowed by its principal bet. Now, remember what we talked about on Thursday for the CPI? What's one of the biggest things that's going up right now? Financial fees. The prices in finance right now are going up, and there's an example of it with Goldman going up 23% for asset and wealth management business. How is that even possible? We know it's possible. They have trimmed their historical principal bets to $16.3 billion, dropping close to the $15 billion target that they have outlined. Let's see. Fixed income traders brought in $2 billion, a drop driven by low revenue from rates and currencies, investment banking, $1.65, following short of the $1.68. They were looking for, and they got a charge in there, of course, with the Silicon Valley and Signature Bank. Nonetheless, decent numbers, and that's going to be a steady business, man. Let me get back down to it. The asset and wealth management business with fees going up 23% from a year earlier on revenue of $4.39 billion, sounds like a sweet business to put it lightly. All right, what other news we got out there? Let's talk about Apple. Apple gets supplanted as the biggest company in the world last week, at least for a short period of time. We'll see how this week shakes out, but yeah, there's a problem for you. Apple, pretty remarkable how it rolls over now. Let's check out Microsoft as we do this. Look at this, man. There's a new king in town, folks. AI is running the show, CHEP, GPT is running the show, $10 billion investment. That's all it takes, man, which is nothing for the impact that this is having right now. It's broader than that. We know it is, but check it out, man. As you've got Microsoft up $5 to kick off the session, you're pushing $393 right now in the same vein. You're going to have Apple down $5 to kick off the session. You're looking at Microsoft at $2.92 is the number right now, and Apple is pushing $2.81. Just like that, they have $100 billion lead in market cap. The story out there for Apple, they're going to pull the blood oxygen tool from watches to avoid the US ban if the appeal fails. Now, I don't think that this story is probably that big of a drop-off in terms of what's going on, but nonetheless, a little bit of a perfect storm brewing on Apple. Maybe somebody else can help me out in the den in terms of what's going on with Apple, because that's quite a pullback, man, $5. But maybe it is just that. But they are planning to remove the blood oxygen feature from its latest smartwatches, the Series 9 and Ultra II, to get around a US ban of the devices if an appeal of the decision fails. So that was disclosed on Monday by the company that's suing them, Massimo, and they are locked in that feud. It said that the Customs and Border Protection approved the move on January 12. The agency decided that Apple's redesign falls outside. The scope of an import ban signaling the adjustment will let Apple keep its watches on the market. It's just going to keep going. Pretty remarkable, something so crucial to what they're doing in terms of health, wearables, all that stuff. Pretty interesting how that goes, and yeah, so they developed a software workaround intended to sidestep the dispute and present to the solution last week to the Customs agency. They're in charge of enforcing the import bans. They explained that the redesign watches definitively do not contain the technology at issue. Massimo, they got a quote from them down here. They seem okay. Apple's claim that its redesign watch does not contain pulse oximetry is a positive step toward accountability. Pretty remarkable, right? Yeah, significant move as they call it. Removing the technology from the Apple Watch would be a significant move. The engineers have been working on a software update that changes the blood oxygen app and its algorithms in a way that might circumvent the issue without losing the feature, but eliminating the capability would likely be the quickest way to avoid seeing the ban reimpose, which could have occurred as early as this month. They don't want to have to stop selling those watches, man. Now what's interesting is, so they already have watches. Check it out. So they've already begun shipping modified Series 9 and Ultra II watches to retail locations in the US in the event that the appeal fails. The stores were told not to open or sell the tweak devices until they receive approval from Apple's corporate offices, and you've got to separately a federal appeals court is expected to hear an Apple motion as early as this week for a continued stake. We're going to battle it out. And you're talking about lower prices in China. Thanks, Bob. Yeah, it's got to be bigger than just the blood oxygen level on their watch. But you're going to face some heat, man, today. We had a little bit of rising rates. We got a stronger dollar. You got Apple giving it up, man. And that's going to, I mean, even if you get a new dog in town in terms of Microsoft, if you got Apple tank, and it's still a $3 trillion company as we come into, look at Microsoft, man, $393 we're going to hit. I guess you're going to touch $400, right? It would make sense. Man, you're almost at 100% bagger from where you were a year ago in Microsoft. Just remarkable, man. Let's jump over to Nvidia. Nvidia shares right now. You're up by about $2 to kick off the session. Not bad. $549. You're going to be pushing near all-time highs for Nvidia as well. We jump over to some of the other Magnificent 7. Google shares holding up relatively well right now. $143.49. We closed at $144.24 last week. You jump over to Meta shares, Meta off a bid at $374 from $374.49. Tesla, we're going to talk a little bit of Tesla, man. Tesla's having some issues. And Elon's going to the board asking for a huge payday. Yet again, interesting how that comes down. He needs some more shares, man. That's basically what he's saying. I need more shares to be interested. I sold my shares for Twitter. Can't make this stuff up, man. Tesla, you're down by another $3.80. Tough week for them. Last week and it just continues. We were at $240, $241 last week. You're going to open at $215. Just like that, 10% hit to Tesla shares. And yeah, you're rolling over, man. You've been bumping up against that channel line. You're rolling over. Where's the volume? The volume's all back here, man. It's all near those lows. Maybe we get that first acceleration, right? What are we coming into right now? $215 or so. You get a couple bars to finish at about $200. Back from January 23rd and January 30th. We'll talk a little bit of Tesla, as well as some other equities when we get back folks. We've still got to talk about all the earnings we got coming down the line this week. Don't go away. TFNN has just launched their new trading room, 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. And now they are expanding their reach with the Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. 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That's about a loss of about 310% in the S&P's. NASDAQ 100, you're off by about 310% as well. Negative by 44.169.25. You get the Dow, right now, off about 210%. 37,738, and you get the Russell right now, off by 610%. Let's jump around. Some of those equities are pretty good. Let's jump around. Some of those equities, Boeing, off about 3.1%. Analysts waking up to the fact that, yes, this may actually materially impact Boeing in terms of how long it's gonna take to get deliveries out there. You got Apple, as we were talking about. They're off 1.9%. Appreciate it, Bob, with the heads up. Found that article. Saw this over the weekend. Didn't see it this morning as I was getting ready, but yeah, you talk about it. So they offer the rare iPhone 15 discount in China amid demand fares. So that was out this weekend. They got a promotion out there. It's basically $70, but they haven't had a sale in years. So yeah, pay attention, man. They're not doing sales if demand is on fire. They're doing sales if demand is weak. Demand is probably weak. They've got a sale going on for the first time in a while. It's a three-day sale. Make it a four-day sale, January 18th to the 21st. Ahead of their new lunar New Year shopping season. And it's equivalent to about 5% off its top-of-the-line gadgets. So not a substantial number, but any number for Apple, man. Apple is the king. You're not getting any type of crazy deals for Apple. Maybe once in a blue moon on Black Friday, right? Target or Walmart, they'll have some type of, whether it's some version of their tablet on sale or something like that. But yeah, pay attention to that one, man. Especially when they've been the big dog for so long and now you got some weakness across the board. They're having some problems with their watches, et cetera, to put it lightly. All right, how about this one? Let's talk a little bit of Elon. Well, first let's take a look at Tesla. Yeah, so Tesla opens down 2.5% right now. You jump over to the headline from Bloomberg they've got this morning. Elon Musk pressures Tesla's board for another massive payday. CEO suggests he'll build products elsewhere without a 25% stake. You can't make it up. I'm using that term a lot, especially around Elon. You can't make it up, man. I wonder if at this stage in the company, okay? I'm just asking a question for the fanboys out there. I wonder if at this stage in the company, he's best suited to lead that company, especially if he's arguing that he needs the pay that he's talking about just to be CEO. It's one thing having that type of share structure when you're in founder, maybe when you're early on. I mean, the last payday he got, I gotta pull it up, man. There's somebody helped me in the dent. It was a remarkable payday. And yes, he delivered on the share price. But when you look at the type of money that you're talking about in there as a CEO, it is pretty remarkable when you get those levels and now he wants more of it. And he's literally saying that unless he has roughly 25% voting control, he'd prefer to build artificial intelligence. He'd prefer to do stuff elsewhere. I mean, imagine if another shareholder CEO was doing that. And even founder. Yeah, 55 billion. That was the last one. In 2018, he got a 55 billion dollar CEO pay. Folks, CEO pay. I mean, we're like numb to this stuff going on. They call it an awkward time in this article, right? They've lost $100 billion in market value already this year. Elon seems distracted to say the least. You could make the case that you can make a lot of cases, right? Yeah, the market cap has risen more than 11 fold since the board announced that pay award in January of 2018. Yeah, on the other hand, its valuation peaked at more than 1.2 trillion before the Twitter deal. The Twitter deal's got to come into things, right? When you think about the CEO, and I know I'm digressing a bit, we'll get back to it. We're gonna jump to the earnings that are coming up right now. But to be a CEO of a trillion dollar publicly traded company, it usually encompasses all of your available work time to put it lightly. So it's gonna be interesting to see how that one shakes out, man. He just got 55 billion just for his pay in 2018. And the stock is up 12 times since then, okay? Let's see where the S&P was in 2018. Yeah, S&P's about doubled over that time. It's been a decent run to say the least, right? Especially for some of those tech companies. But yeah, you take a look at Tesla shares and you're talking about being two years removed from an all-time high and your company is still cut in half from where you were then. You jump over to the fundamentals. I mean, and this is where it gets murky, okay? His CEO pay represents almost one-tenth of the value of the entire company right now. This is where things get bonkers. So what's he want? Does he want another 55 billion? So before you know it, you have a public company that's trading at 600 billion and the CEO has gotten paid 100 billion. That's not what he started out with as an owner, folks. That's what they've given him as CEO, okay? That's bonkers to put it lightly. Now, it's risen 11-fold since he gave them that. When they gave him that, but you keep adding those numbers up, you're down 50% over the last 24 months. The fanboy acceleration is strong as in pretty remarkable. Not many others would be having that conversation right now. But nonetheless, that's the conversation and there we go. All right, what else have we got pulled up? All right, let's talk a little bit of economic data. Let's talk a little bit of the earnings this week. So what do we have going on? Decent weaker earnings. We also get retail sales. That number out tomorrow, okay, for December. Retail sales expected to be an increase of about 0.4%. The number previous for November was 0.3%. If you take out autos and gas, they're looking at 0.3% is what they're looking at. 0.6 was the previous. You're gonna get mortgage applications as well in there tomorrow, be interesting with what yields have done. And then we get into some of the earnings. So some of the earnings that jump out. For Wednesday, we got Charles Schwab, you get Alcoa. Okay, we get US Bank Corp. You continue with the banks. We get Citizens Financial as well in there. On Thursday, for economic data, we're gonna get initial jobless claims in there. What are we gonna get? You get some housing starts in there for earnings. Yeah, we keep going with some of the banks in there. Bank of Ozar, Key Corp. Northern Trust, M&T. Yeah, we get some consumer. University of Michigan Consumer Sentiment is what we get on Friday. We get existing home sales as well. And we get the University of Michigan one-year inflation expectation for January. 3.1% was the number before. And then on Friday in the earnings, we get travelers, we get 5th 3rd State Street regions, financial. So you get a lot of regional banks that are coming out throughout the rest of the week. We get Ally Financial in there Friday as well. Yeah, let's see how those banks are kicking off the trading session that came out with their numbers today. Goldman, flat. Chopping around on both sides, but right now we're literally within about 20 pennies to where you are on Friday. You jump over to Morgan Stanley, not the case, man. Morgan down 3.4% to kick it off. Equities that are moving. Boeing's not stopping, man. Yeah, we've seen this play out before, man. Investors skittish, rightfully so, Boeing. Down another 4.4% right now. And the big dog, no longer the big dog. Apple down 2% as you got Microsoft up a full percent. They give it back on the open though. Check that out. We'll be right back, folks. TFNN has just launched their new trading room, 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. And now they are expanding their reach with the Tiger's Den. Available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. So it's always at your reach. 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This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks, we get the S&P right now down by 26 points, you get a little bit of a slide. As you can see the NASDAQ right now, NASDAQ 100 off by 90, the Dow off by 220, 37,570, just like that, we're approaching the lows of Monday. In the Dow, NASDAQ 100 was still almost 400 points above that price level, S&Ps. You're talking about about 60, 70 points from the run up we had on Monday. The Russell though, how about it man? Look at the divergence, right? That's why I jumped through. Just into relation of the week we've had, the Russell down 1.2% right now. Meanwhile, yeah, for what it's worth, right? NASDAQ been a strong man, to put it lightly. We jump over to Apple shares, they're off by 2%. Microsoft does give it up on the open man, still up by 6, 10th percent, they're the biggest company in the world right now. Jump over to Amazon, Amazon shares down about half a percent. We jump over to Tesla. Tesla down 2.3%. Now jump on over to some of the discourse on X, previously known as Twitter. And how do you get away with this man? This is the tweet, so January 15th, when was that? Yesterday, yeah, yesterday afternoon man, time flies. I'm uncomfortable growing Tesla to be a leader in AI and robotics without having 25% voting control enough to be influential, but not so much that I can't be overturned, 25% voting control. Unless that's the case, I would prefer to build products outside of Tesla. I mean, imagine if another CEO was saying this, right? You don't seem to understand that Tesla is not one startup, but it doesn't simply look at Delta between what Tesla does in GM. Well, many have made that case for sure. You talk about multiples. As for stock ownership itself, being enough motivation, fidelity, and other owned similar stakes to me, why don't they show up for work? This was the part I wanna talk about for a second, okay? Because if you're in the market, you know that Elon got a $55 billion CEO package, CEO package, okay, in 2018. That's not stock ownership. And it goes both ways, because when you have big companies like that, that take active stakes in publicly traded companies, you better believe that they try and make sure they have an influence of what's going on, okay? And I know he's saying, they have huge positions in here as well. Why are they running it? But he's running it for his CEO pay, folks. He's running it for his ownership as well. Anyway, it's a remarkable comparison. And then he gives some kudos to the board, right? I should know the Tesla board is great. You can't make it up. It's like a character stress. I don't know what's a stick. I don't know what's going on. And so what they are waiting on is that they got sued for that huge pay package in 2018. And the trial was held in 2022, I guess a verdict has yet to be made. So you can't blame them for not going forward with the next compensation package before they find out whether the way they structured the previous compensation package was actually legal, $55 billion. Remember that number that he just got in 2018 to be CEO? And he's coming back saying, what's the point of you? What's my motivation? He received $55 billion in shares. I don't think any other CEO would be able to do that. And $55 billion, I mean, where does that put you on the rich people list? Pretty freaking high, man. All right, enough on that. All right, let's see how some of those banks are trading on Friday. Yeah, so Morgan Stanley is trading low on their earnings today. Goldman is about flat. And you got JPMorgan, decent numbers on Friday, but they gave it up and they give it up today. Look at this, JPMorgan down by 2.5% right now, Bank of America off 2.7%. Wells Fargo off 2.1 and Citi off three. Delta, everything's just continued. Look at these numbers, man, Delta was off big on Friday. They're off 3.2% right now. Let's see how the other end lines. United's off 2.2 right now. Americans off 2%, we jump over to JetBlue. Yeah, this thing's the problem, problem Citi. JetBlue off 1.4% with a four handle at 483. You got Apple down 2.4%. They're posting the Tigers then. That they're not gonna take a look at that appeal in the antitrust suit challenging the app store. And when it rains, it pours, man. Microsoft holds onto the gains. We jump over to Google shares. I Google up about 1.10%. We jump over to MetaShares down about 1% so far. All right, what else we got pulled up? Yeah, I was reading both. I was reading the journal piece on this as well as the Bloomberg piece in terms of Elon. You know, the way that the journal puts it for whatever reference. Elon seeks greater control over Tesla ahead of AI advancements, right? They're two in the same with the multiple Tesla has folks. The reason why I'm clinging to the story and I can't get off it because it's pretty remarkable and pay attention to what's going on. They are two in the same. The valuation of that company is built off of AI, electronics, technology, okay? And energy, not just electric vehicles. And the energy part and AI are totally gonna be intertwined, just a matter of when, not if. And everything to put it in that context. And yeah, for whatever worth. We'll jump off the Elon story for right now, but that's not what I would wanna be hearing if I was a Tesla shareholder, folks. Let's put it that way. With everything else going on, right? That the CEO is basically saying, what's the point of me being CEO? So pay attention to that one, man. As they get some tough roads ahead, I believe. Let's check in on some commodities right now. Check in on the gold contract. Gold right now, down about $10 at 2041. Great time to try out the gold report, folks. Goldman Volatile, particularly lately. My dad, new issues on Mondays usually when the week starts, but that issue gonna be out on Tuesday. As Monday, we were closed yesterday. Gold though, down by 10 bucks. We start off the week at about 2041. You jump over to silver. Silver right now, down about 20 pennies. We're trading at 2312 right now. You jump over to natural gas. A lot of talk about natural gas in the tiger's den recently. Natural gas, pulling back. Talk about volatility, right? Natural gas right now, down about 12%. You're pulling back 40 pennies. We're at a two handle right now. Check out that run we just had, man. The last month, you just go from 220 up to 340. Looks like that run may be over those. We're pulling back a bit to 291 in the price of natural gas. As this market's just loosened some steam, what's gonna be the impetus to buy, right? What's gonna be the impetus to buy right now? Jump over to yields. The 10 year, down about 14 ticks right now. That's correlating to a 10 year yield of 4.02%. Yeah, a few different stories. We've got some acquisitions, right? You got, yeah. And then of course you got the politics, man. But Trump and Iowa shouldn't be surprising to anybody. But it is January 16th and we have a presidential election in November. The politics, actual numbers, right? Primaries, gonna start becoming a real deal. The general gonna start becoming a real deal. We'll see how that plays into the market, if at all. They started last night. Stay tuned, folks, one more segment. Come back. We'll have what else we have happening this week. We'll be right back. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. 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 Basil 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 Basil 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. The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFNN, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. A must-have tool for every trader out there striving to find an edge in today's markets, TFNN newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk-free with our 30-day money-back guarantee. Just visit the Newsletters tab on the front page of TFNN.com. TFNN, educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. We got the S&Ps off and even 30 right now trading at 47.86. We get a little negative action to kick off the trading week. NASDAQ, you're off by 94. You get the Dow right now off by 268. I gotta jump back to Tesla for a second. So Elon's talking about owning potentially 25% of the company, right? This story out here from CNN, just talking about some of the quotes, et cetera. If I have 25%, it means I'm influential but can be overridden if twice as many shareholders vote against versus from me, okay? If 15% are lower, the four against ratio to override me makes a takeover more by dubious interest too easy, okay? He was above 20% before he dumped his shares for Twitter, which is the most remarkable part of it all. He's roughly at 13% right now and he was above 20. He held the stake above 20 before he sold all those shares to buy X. He's now at 13 and he's now making the case. Yeah, and as it goes in in here, of course that he's getting sued. And what is the definition of excessive? I don't know, that's where it gets tough in terms of legality-wise of that, right? Yeah, nonetheless, Tesla, they catch a little bit of a bid. You're five bucks off the lows right now for Tesla shares trading at 217.58. Let's see how the big dog, Apple, it's gonna be a tough one, man, off by 2.5% to kick off the trading session right now. You jump over to the most expensive company in the world, Microsoft, up by half a percent. Google shares up by half a percent as well. Jump over to NVIDIA, whoo, it's not stopping. All-time highs for NVIDIA, man. The AI train marches on. NVIDIA shares up by 1.7%, Goldman up by 2.10s, but Morgan Stanley, not so much, off by 3.3 and you got all the other banks trading lower. JP Morgan down by 2.1 and we finish it up with yields, folks. You got the 10-year right now, down about 14 ticks. You're looking at a 10-year yield exactly at 4.02. As I say that, it takes slightly lower. 4.018, we'll call it 4.02 to start things off. And how about the VIX? Let's jump over. Pay attention to that VIX, man. The VIX at an elevated level of 14, pretty decent from where we've been recently. Folks, thanks so much for starting your trading week right here. Stay tuned. Basil's off next. We got Steve Rhodes, Fast Market, Larry Pezzavento and my dad, Tom O'Brien, live from three till four. Have a great two.