 The following is a presentation of TFNN. The morning markets pick off with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN. Thanks so much for starting your trading day off right here at TFNN. It's 9.06 a.m. on Wednesday morning. We got 24 minutes to go until the start of the training. You get a little bit of volatility in the overnight session. You make it up to a high of about 48.04. Just like that, we back off. We give up the gains. We're negative by just one point right now. And the S&P is trading at 47.91. You get the NASDAQ 100. Pretty similar action. You see the acceleration this week. Monday, we trade higher. Tuesday, you start the session lower. We get it all back. And overnight, you actually eclipse those highs of yesterday. 16,906 in the NASDAQ 100. But we've rolled over to the tune of almost 100 points. We're negative by nine points. That's barely a tenth of a percent in the red for the NASDAQ 100. The Dow is off by four points. I think you got Boeing up barely this morning. You're the CEO talking. We'll talk about that in a little bit of a moment. Obviously doing some damage control. And you get the Russell right now off about 210%. You jump over to Crude. Crude, 72.93. The price of Crude, you were at a 71 handle earlier this morning. We were just above that price point to 73.40 about. And the price of Crude, we talked to our man Kevin Hinks every morning, Tuesday, Wednesday, Thursday at 9.15. So we'll talk to him coming up after the first break. And then we have a great interview, our man Teddy Kegstad. We always talk to him on Wednesdays at 9.40 Eastern time, folks. Always a great nine minute conversation with Teddy. We talk forex. We talk yields. We talk commodities. They're also intertwined right now. Looking forward to getting Teddy's take on some of the action that we've had this week so far. You jump over to Gold up about $3. Look at the volatility, right? Two in the morning. You're at 2030. I mean, Gold's not usually doing $20 left and right in either direction overnight. Just volatility in this market everywhere, man. You jump over to yields. And what do we got? We got a little bit of higher price. Lower yield, the 10-year, just under 4% right now. We're looking at the 10-year, up by 7 ticks at 112.04. The 30-year is up by 9 ticks at 122.22. We jump over to the volatility index. We got a 12 handle at 12.90. And we finish it up with the dollar. As we're at 102.51 right now in the dollar index, you're negative by 5 pennies. But pretty much right in the range that you were trading at yesterday. All right. What are we talking about? Well, we get a pretty important data point tomorrow, CPI. And let's kick the program off with a little bit of speculation on inflation. So Thursday's CPI report. This one out here from Bloomberg earlier this morning is going to give a preview of coming disinflation as they put it, okay? You're talking about goods prices keep falling. That's the expectation as of right now. The Fed, the expectation is, as we all know, that they're going to reduce interest rates. What is interesting here, right, is that when you look, I mean, just mammoth numbers, man, in 2021, right? You had COVID in 2020 on this chart. Can I blow this up? No, I can't blow this up. Let me see if I can blow it up a little bit like this. Yeah, that helps a little bit. Okay. 2020, we get the first reverberations of COVID, just to put things in context. 2021, man. And this is where the Fed took a lot of heat, right? This is the core CPI. Almost remarkable to remember. Keep this in mind if it ever happens in the next 10, 20 years. You got kids, folks. Make sure you tell your kids about something like this when the charts look like this on the CPI and what's about to come down the line from the Federal Reserve. Because generations forget. We haven't had one like this in a while, man. CPI, April of 2021, man. And if you recall, folks, okay, right in this area, I was looking at this early this morning and just thinking about this was the heyday. And early in the days, it was the heyday for some of the equities that rolled over. Amazon comes to mind most notably, okay? Because you had all the fang stocks charge higher to the late part of 2022. But Amazon was making that high in almost September. Look at August. Amazon pushed a high of 175 here. You only got up to 188 twice and that was with a couple tails. The bodies of these monthly candles, you're pushing basically the highs that you got up to in August of 2020, right? Remarkable when you look at it. Then you go forward to 2021. July was the real all-time high and look at where you were as you got into July, right? As in maybe indicative of something not being right with everything going on when you had three back-to-back months of 1.9%, 1.7% and 1.9% folks. We're supposed to have 2% inflation on a yearly basis, okay? And this is where things get remarkable as well. Inflation is never going down now. Yes, we have some core numbers that are down to the downside here, okay? But in a 90-day span, we basically had almost a 6% inflation rise. You could make the case that within 90 days, from April until June of 2021, we had 6% inflation, okay? In that number. This is the monthly change. This isn't an annualized change. This is a monthly change. So you had a 6% inflation increase. That is never going away. Even if we bring inflation back down to 2%, never going away, right? But you see all these numbers? When did the Fed actually start to cut? In March of 2022. So with that in mind, we go forward. Now, we're going to get the numbers for December coming up, okay? The last number we got was November. On the core side of things, you saw a decrease of 0.3%. Now, what is important to note here, okay, is that this is going to be the toughest comp that we have coming up down the line for an extended period of time. Look at the three prior months coming in in 2022. October, you saw a decrease. November, you saw a decrease. This is on core CPI again. December, you saw a decrease. Over the three months ending 2022, you actually, sorry, one second, folks. All right, apologies. I had a few things going on out there. So keep that in mind when we get the number we get right now because this is going to be the hardest number that you have come at you when you put it in that context, which is remarkable when you consider it like that, right? If we just get over this hump right now, then the next months coming down the line, comp-wise, are going to be a lot more friendly. Okay, I need to go to a break, Al. Okay, I need to go to a break, Al. If we go to break, okay? 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Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN Educating Investors. We have the S&P Futures, basically, flat right now trading at $47.92 Nasdaq 100. You're posited by one-point Dow slightly in the red. To talk about some of the market action, let's jump over to our man, Kevin Hinks. Every trading day, folks, 12 noon Eastern time. Put it on your calendar's fast market from the Schwab network right here on Tiger TV. Your host, Kevin Hinks, Tom White. We're coming into earning season, man, but we've got some economic data lined up before we hit that mark. Kevin Hinks, good morning. Good morning, Tommy O'Brien. Yeah, a little bit of quiet before the storm here today before we get into some big economic data on Thursday and then economic data and earnings, frankly, on Friday. So I expect the pace of trading to pick up a lot, but we have a lot of topics to talk about today, just not a lot of market movement to talk about, Tommy. What did you think of the action yesterday? I love it. I talked to you early in the morning, man. The market's never opened yet, and it was a reversal of kind of things have happened Monday, and boy, we got quite the acceleration yesterday to the upside pushing that 4800 price point. We're only talking about one day of data, but pretty interesting. Even on yesterday morning, we come right to that point. Overnight, we're back about 4800 again. This market pretty resilient right now as we start off the year. Yeah, the Magnificent 7 kind of kept the market healthy the last couple of days, right? I mean, these were markets broad on Tuesday or on Monday less, you know, these rallies that we're getting and even the sell-off that they tried to sell them yesterday couldn't as long as NVIDIA's rallying at AMD and some of the Magnificent 7 names. So it's hard to sell this market off when those names are rallying. The leadership, like, you know, the news and NVIDIA, the market really likes good news on AI. Now, how long can it last? That's a great question. But right now, when news comes out in NVIDIA in terms of AI, they don't care what the news is. They take the market higher. So tomorrow we'll be dominated by CPI data. That'll be an interesting see how the market reacts to that. Markets right now are very unchanged, very mixed, but the Nasdaq's a little higher. And the rest of the markets are struggling up here. But all that considered, Tommy, everything we have coming up on the horizon, everything we have right now, you're still talking about a VIX about $1290. That is incredible. It's a great point, man. I remember even yesterday when you had the market, you know, in some trouble, as you came into the open, I say trouble, right? We're sitting at a VIX between 1320 and 1340 in the beginning of the session yesterday, and that's when you actually had some negative market action. We clawed that back 1273. I got for the overnight low on that VIX. Pretty remarkable. You mentioned it. We got some big data points, man. The biggest this one, probably the Thursday CPI tomorrow morning. We got huge bank earnings with data as well on Friday, but we're not there quite yet, man. It's Wednesday. Do you guys have any equities you're talking about coming up on Fast Market at 12 today, Kevin? Mike Folio is going to do a presentation on McDonald's. As you know, they had a big drop a couple of days ago and they're stuck on worries about what all this, you know, geopolitical risk is doing to their overseas sales. So we'll cover McDonald's. We'll take a look at the data and see what they're doing. Then we're going to start working our way through some of the earnings that come out on Friday, Tommy, because there's so much coming out on Friday that we're going to cover some today and some tomorrow ahead of Friday morning. So we'll pick out two of the ones coming out with earnings. We haven't really decided yet, but definitely the Folio presentation will be on McDonald's today. And I guess that's the kickoff of earnings, right? You're breaking it down. You've got to start cramming them into the Wednesday show because they're coming fast and furious beginning on Friday, but we got that CPI data point. I pulled up McDonald's, man, on a longer-term basis. Boy, I put this thing on a monthly, Kevin. It's got a pretty well-defined channel line going back all the way to the beginning of the end of 2015. This thing has just been, you know, we got quite a COVID low at almost 125, but you take that one spike out. Remarkable strength, but you put it. I mean, we saw what happened with Russia. One, you know, outlier there with McDonald's, but pretty interesting action. Kevin, I appreciate the time on a busy morning, man. Can't wait to talk to you tomorrow when we get a little CPI data to digest as well, but we'll be watching that program today. Thanks for having me on, Tommy. Always a pleasure. Folks, check it out. They're talking McDonald's. And yeah, how about that chart, man? Check it out there in the Thinkorswim platform. Look at how many times this thing has bounced off the bottom of this channel line, the top of this channel line. And this is a monthly. You can pull it up on your charts, folks. You can solidate on McDonald's from 2012 to the area basically in the end of 2015. You take off to the upside, and this thing never looks back. You know, you got quite the acceleration to the downside during COVID, but you take that thing out. You're talking about lows in 2021 for the better part of 22 as you continue to rise. 2023, you make all-time highs in the middle of the year, remarkable resilience. And yeah, we're pushing basically right near all-time highs right now, even facing some of that headwind that Kevin was talking about. Yeah, pretty interesting action, as Kevin put it, right? The Fang stocks yesterday. We'll jump over to NVIDIA in a moment, man, but you got Apple shares, 184.51 right now. Look at the move yesterday on Apple. Apple, 15.5 billion shares outstanding. We're going to call it 15. I used to call it 16 because it was 16. They bought back a tremendous amount of shares over the years as I've been doing it. I'm only talking about two, three years. It was at 16 billion. It's now at 15.5 billion shares outstanding. We'll call it 15 for simple math, $2. $30 billion in market cap created from where this thing opened to where it closed. Apple slightly off, but NVIDIA, how about it, man? Now, this is going to be one that's going to be interesting to see how it plays out in terms of can they live up to the valuations? You're probably going to find out in the next two or three years whether that's possible, okay? Because they're going to have to put up right now. They're going to have some big numbers that are expected in the next two to three years. They've got the orders. They've got to deliver those orders. It's almost like an airplane problem, right? Boeing's got similar action right now. We're going to talk about them coming up after the next break. But they don't have a demand problem right now, man. They have, if anything, a supply problem, right? The news, they're coming out with more chips. The market loves it because they can basically sell everything they have going on right now. But guess what? That's priced in. And then remember that. Excuse me, that is priced in. So remember that. Yeah. They're going to probably face some competition as well eventually, but that's not the case just yet, which is remarkable that you think that one company, graphics processing, right? That's how it started, graphics processing. But everybody needs processing now. They're the ones that can handle it. And they're the ones getting all the business. And we're approaching. I mean, what are we? 1.3 trillion right now, I think? We're probably up at that level. 1.32 trillion. 1.32 trillion dollar company, man. That's where you start getting into a stratosphere, folks, that you're approaching to be the biggest, most profitable company in the world, right? Can they hold that? You look at a company like Apple, okay? Very difficult to imagine them getting supplanted as the leader when it comes to, I mean, the services revenue, right? The amount of money they're taking in their devices, their phones, which is the bread and butter, but everything else. Versus Nvidia, they're going to face some competition, man, down the line, okay? And they're not facing it tomorrow. They're not facing it next year. But they're going to face some competition when it comes to just producing chips. Stay tuned, folks. We're coming back for the open. TFNN has just launched their new trading room, the Tiger Zen, 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 tigers for just $1 for the year. There's no catch 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 tigers 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. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex Report every Monday morning with coverage of all the major currency pairs, for dollar, pound dollar, dollar Swiss, dollar Yen, as well as many more, and he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex Report, you also gain instant access to Teddy's 60-minute webinar archive he just hosted, forex strategies, and fundamentals, what is behind the Tiger Forex Report. For all the details and to start your 30-day Tiger Forex Report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. Starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of award-winning newsletter Market Insights firsthand. 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've got markets open. You catch a little bit of a lift. Check it out. We've got the S&Ps. We're up at 47.96. We're up 8 points from where you were trading when I began the program and the stock were positive right now across the board except the Russell hanging out negative by 3 points at 1979. Bitcoin. Have we talked about that one yet? Not quite, man, but boy, quite the session overnight. So, right after the close yesterday, and you talk about it, man, let's pull this one up. So, good old Twitter or X, as it's like to be called now, the SEC's X account hacked to falsely say that Bitcoin ETF is approved. And guess what? They probably nailed the exact verbiage that they're going to use when they do this. But guess what? That was not the case. Okay? The SEC Gov Twitter account was compromised and unauthorized tweet was posted. The SEC has not approved the listing and trading of Spock Bitcoin exchange traded products. Not happened just yet. And then you got X, their safety account confirming that it was compromised and we have completed a preliminary investigation. They completed that preliminary investigation within hours. Based on our investigation, the compromise was not due to any breach of exit system, but rather due to an unidentified individual obtaining control over a phone number. Let's get the rest of it. We can also confirm the account did not have two-factor authentication enabled at the time the account was compromised. The SEC account, the securities and exchange commission, their account is not under two-factor authentication insanity. We encourage all users to enable this extra layer of security. More information and tips. Absolutely bonkers that at some level like that where they are announcing products like that, they can move markets worldwide like that, that they don't have two-factor authentication on. Just absolutely bonkers. So they have a lot of answering to do there. I'm sure Elon was having a few laughs because boy, they've given him some grief over the years. I'm sure he couldn't wait to come out and say that wasn't us. That was them with their lack of control of their own Twitter account and they're supposed to be the regulators. Doesn't make sense. Nonetheless, it hasn't happened yet. It's probably going to be happening. Yeah, and look at what they say here. The SEC has until January 10th to take action on at least one of those today's January 10th. Whoever did this, man. So what were they doing? Think about it. You've got to go how many layers deeper you're going to go. You're probably shorted if you do that. Can you imagine? You go a second layer deep. What do you do? You short it. You put out that fake information. You short Bitcoin knowing that it's going to cause ramifications to the downside knowing that this thing has already traded from 27,000 in October up to almost 50,000. We'll call it 45. A lot of optimism is already priced in. Buy the room or sell the news is the lingo. And so the play would actually be that what a brilliant play. You don't come out at me. Imagine. You could have come out. And this is where I found it so interesting. If you had control of that Twitter account and you were going to do nefarious things and you were going to do that, and please don't folks, whoever did it, they're probably going to jail. It is illegal. It's market manipulation at its finest and they're probably going to jail because nowadays you usually end up catching up with who did it somehow and tracing it even in the world of Bitcoin. They can track down those Bitcoins these days and figure out who is doing what they're doing. But imagine if they had a tweet saying, no Bitcoin ETFs, right? It's not happening. They're all eliminated. You say, wow, that's brilliant because what's going to happen? The market's going to tank, man, because everybody's already priced in that it's happening. Except that then you'd have to get out in that instant. Maybe that would be a little bit more revealing of who was doing the bidding, etc. And it would obviously bounce back up once the news came out that, hey, this is fake. Don't worry. Bitcoin is real. It would kind of be the phenomenon, right? But now it's hysteria, man. Now it's oh, they said it's coming out, but it's not coming out. The SEC is a joke. You said it was going to come out and guess what? We saw for a few seconds what the pop looked like when it came out. You actually got to see what was going to happen. And then when they said it's not coming out, it moved down twice as far as it went up. So you started at $47,000. Everybody realized that nothing had basically happened and you ended at $45,000. Pretty remarkable, man. SEC, come on. Two-factor authentication for the Securities and Exchange Commission. Nonetheless, you get the point. Pretty remarkable across the board. All right. Let's talk a little bit of Boeing. So Boeing, their CEO fighting back tears. I mean, come on, man. That's what got me reading this article first off because I thought it was such a joke, to be honest. Okay. And listen, I saw some of his speech he made. It's an impact. You know, it's a good speech. Okay. He talks about, listen, I got kids. I got great kids. I want to know who was supposed to be in that chair where that door popped out. Nobody was in that chair right next to that door. They might get sucked out. If they're not wearing their seatbelt, they definitely get sucked right out of that plane, man. Okay. If anything, weigh your seatbelts on planes. A lot of people think it's a joke. There is a problem going on in quality control, folks. Okay. And we're not getting rid of these planes. There was a great article from somebody at Bloomberg, I think, a couple of days ago. Listen, we're going to deal with this. This plane is not going away. We are dealing with the 737 MAX plane. That's the new airline. Nobody is canceling their purchase plans for these airlines. These airplanes, excuse me. And Boeing's got a backlog that they're just looking to fill. They only have a supply issue. Probably illustrates. I mean, imagine if every plane you produce you push out and you sell. It's already sold. What's the incentive to deliver the best plane possible if it's already sold? Think about that. Right? The thing about that this one. What's the incentive? It's already sold. You don't got to cross the T's and dot the I's. It's already sold. Now, you do because, in theory, that would come back later to get you, even on a business side, let alone a humanity side. But there's a problem here. Yeah. We'll leave it at that. I think it's pretty obvious, man. They're saying these might be back in the air in like a week or so. We were talking about, I think, on this show yesterday a couple days ago. We're all going to start being very aware of what kind of airplanes we're flying, right? When you're booking those flights we're going to be aware of what airplane you're flying. And yeah, that's the case to a certain degree. But I think it's going to really magnify in the years to come because of what's happening right now with some of these planes and the history that Boeing has, etc. All right. Where else do we go? Let's see. Yeah, Amazon, Twitch. This one's interesting. They're dumping 500 employees. That is almost one out of three employees. Now, what is remarkable here is that you got a company like Twitch that's just a mammoth company, the streaming universe that they encompass. And it's run by 1500 employees, right? Now, that's a lot of people, but not a lot of people in the context of the company that it is. The cuts, which could be announced as soon as Wednesday this is talking about. That was out yesterday. Yeah, common big concerns over losses at Twitch after several topics X left the company in the span of a few months. So they're having some problems there, man. Yeah, but I watched a lot of stuff. You got a lot of people that stream gaming. Poker is a big thing on Twitch. People play online poker on there. Amazon, of course, bought that company. I think they bought them for a billion dollars. Is that right? They buy them for a billion dollars a while back. Yeah. Nonetheless, some woes, but it's not stopping this market in Amazon. They were hiring the pre-market. Check it out. Yeah, Amazon getting it back up a percent right now. Apple shares down three tenths percent. Microsoft up a percent. Look at that move. Google shares up seven tenths percent. Stay tuned, folks. We're coming back with our man, Teddy Keckstad. Don't go away. TFNN has just launched their new trading room, the Tiger Zen. 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 Zen, available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger Zen, 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. To sign up today and become a part of this educational community of traders, just visit the front page of 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? 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Direction leveraged ETFs. An investor should carefully consider a fund's investment objective, risks, charges and expenses before investing. A fund's prospectus and summary prospectus contain this and other information about direction shares. To obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit DirectionInvestments.com A fund's prospectus and summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principle. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor for side fund services, LLC. This program is brought to you by VistaGold. Traded on the NYSE American and TSX under the symbol VGZ. Folks, we have the S&Ps right now, up by 11 points, trading at 48.03 and yeah, did you see some of those fang stocks as I was jumping around? Apple is slightly in the red right now but boy, everywhere else. Look at this run from Amazon up by 1.3%. NVIDIA and they just trailed off. You're still up by more than a percent for NVIDIA. You jump over to Microsoft 1.1. Look at that move, man. Look at these moves. You got Google shares up by a percent right now. You jump over to the 10-year. I mean, a little bit of a pullback. No huge move. You jump over to the dollar index. You get the dollar index right now 102.57. Alright, and as we jump around a bit here we're talking about Amazon. What I wanted to get to was banks. Okay, so we got the banks kicking things off on Friday. Top U.S. banks eager for relief from rate pressure after the Fed hikes. Net interest income, right? You see some numbers here. Check out this chart. Net interest income expected to inch higher. How about $63 billion is what the market's looking for when you combine the Big Four, Bank of America, JPMorgan City and Wells Fargo. You look at those numbers. Look at JPMorgan in the pink, man. Look at that number. $23 billion. And that is over 90 days that they are taking in for net interest income. You add up the four. You're at $63 billion. You back it up a year ago. You were at $61 billion. The interesting thing is JPMorgan are the ones. They went from $20 to $23 billion. You actually had Bank of America go down $1 billion and City and Wells stay the same. Is that right? $15, $13, $14? Anyway, you're going to see some big numbers from these banks, man. Net interest income, yeah. Is expected to climb 2%, but as I just showed, JPMorgan is the one that is expecting all the increases on net interest income. They're looking at expenses and charges in there as well. Yeah, and so how about the KBW Bank Index last year was down 4.8% and that was with it going up 23% in the fourth quarter and they're really saving itself there. So we get the banks on Friday, man. We'll see where we go. The market already knows they're going to get some big numbers on net interest income, but I mean, you look at something like Bank of America, right? So they're coming in at about $14 billion. Is there estimate? Yeah, pretty remarkable, man. You know, it's remarkable when you say for the big four, it's going to climb 2%. But another way of saying that is without JPMorgan, it would actually be down. I mean, we said it, but not a lot of people realize that when you go through it in terms of the juggernaut that they are. JPMorgan and boy, the chart realizes it. The chart says it. That's for sure. All right. We talked about Boeing. We talked about Amazon and the SEC. Let's see what else we got. Yeah, let's talk a little bit of diet for a second, man. This one's interesting. I was reading this one early this morning as well. When was this one out? Yeah, this one was out early this morning as well. And it's talking about America's ultra processed diet that bad. Question mark, big food fights back. Well, is that surprising, folks? And so this is all having to do with ultra processed foods and how you qualify what is quote unquote ultra processed. And the bummer of it is that you're going to have these companies arguing over the definition of ultra processed, which should be fair. That sounds pretty bad, right? That's not what you want to be classified as when you're selling a for-profit product to the public because processed foods, they've gotten a bad wrap to a certain degree. And I like to say, folks, the truth lies somewhere in between. And so remember that when you hear that because processed foods, we realize they're bad. Are they going to end your life overnight? Probably not. And we'll finish up that conversation in a few minutes, but right now we got our man, Teddy Cakes, that he was working through some kinks on Skype there. They got to figure it out. And let's just jump into it. Teddy Cakes that. Good morning. Good morning, Tommy. I hope you can hear me. I can kind of hear you. Okay. Yeah, you do sound a little bit of soft, but I believe we can hear you. Hopefully your producer can let me know if we're good to go on the air. But I appreciate you coming on, man, as we kick it off on a pretty important week with the CPI out tomorrow. We have the dollar index chopping around a bit. We got the 10 years sitting right at about 4%. So yeah, tell me what you're thinking about this week, Teddy. I'm looking forward to the number tomorrow. I think it's going to be kind of sideways going into that. I mean, you can see how the trade was very lackluster to pass a couple of sessions. You know, I was, I kind of put that out in the Tiger Forex report, too, is that we were hitting some key swing lows in highs last week in the marketplace. And interest rates and oil also, they're kind of going sideways right now. I even put it, and I think I kind of made the way I put it was, yeah, it's going to be a buzzsaw between $70 and 75 in the oil market. And I think it's going to remain so between that little range, you know, and I think until we get the numbers out tomorrow, I think that's going to be a big deal because CPI is a big interest rate number. The Fed's going to be watching that. So, you know, with the meeting that's coming up, you know, in the not too distant future, that is a number that if it comes out radically in the wrong direction or starts to track in the wrong direction, that's something you know is going to be on the table in the discussion, you know, so if it's tracking in the right direction well, then, you know, that starts to put things more towards a dovish to halting, you know, situation with them. So, I'd be aware of that, you know, especially I would watch for the 10-year and the 30-year to, you know, probably move off of that number tomorrow. If they don't, you know, and it stays sideways, well, then I would expect to see a lot of sideways action in the currencies too. So, I'd be careful with that when it comes to volatility over the next couple of sessions. Nice. Yeah, that crewed you know, you've been calling it well, man. It is interesting. Just kind of, you wake up each day 70 to 72 to 73 getting a little volatility, $1, $2 moves in either direction, but kind of just chopping around for a bit. I do have two currencies that you might want to know about for some action for a trade, though. One is the yen and one is the pound if you want to talk about one of those. I would love it, man. Let's kick it off with the yen. I was going to ask you about the yen, always talking about the yen with you. What are you looking at for the yen right now? Okay, I just had to pull up the chart. We had a nice little rally going on with the yen. They had a nice spike high last week. I really like where it's trading at right now because as it is, if you look at where from the last big swing high down into last week's swing high, if you take that downward sloping channel line, we're coming right up on that this morning. If we take out last week's swing high, that's a pretty bullish sign that we're going to start to really try and make it up towards that 150 level. You know, now that kind of, the only way I see that not happening is if you look at the last big swing high and you see that not happening is if you see a big rally in interest rates, like the 10-year and the 30-year. But I was looking at the 10-year and the 30-year and also the 2 and the 5 and I still think you got a good, like, 2 to 3 handles where you could still pressure or support the 10-year. And if that happens, you're looking at about 4 to 5 in the bonds, which puts that around 1.16-ish area, something like that. So that's another $4 move and that would also help boost the dollar again, which could get the yen up to about that 150 mark. So I would watch interest rates. If interest rates stay flat, then it's going to probably be a little tough and this upside move might run out of steam. I wouldn't say that the bear trend is going to continue, but it may start to get choppy. So I would watch yields in that regards, especially if there's an uptick in oil. If you see oil get back above 75 and yields just stay relatively where they're at a little higher, then I think you'll see a little rally there. Nice. What was the second currency you had mentioned? That would be the British pound. Perfect. I tell you, can you hang out for a second? We'll tease it, alright? Can you hang with us for the break? Perfect. We're going to talk some pound, folks, when we get back. Stay tuned. We've got one more segment with our Manatee Kekstead. Don't go away, folks. We'll be right back. Gold report. 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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. We'll get the S&Ps up by about six points right now. You trade to a high of $4807 and you see the action. A little bit of selling in the last few minutes. We're talking to our man, Teddy Kegstad. Remember, you can head on over the front page of TFNN. Check out the Newsletters tab. Check out Teddy's Outstanding Tiger Forex Report. He's got new issues every week on Monday. Updates throughout the week. If you have some time and you want to check out some of the webinars he's talked a little bit about that British pound right now. What are we looking at, Teddy? Last week, we set a nice critical swing low. Now, we're hovering that low. It was just above our daily directional pivot level, which was $125.94, so basically $1.26 even. If we take out that low, that would set us up for a very nice correction that could get us down to probably that $430 to even $123.30. So, you're looking at a good $4 move, potentially. I think that would be a very nice sell-off objective, especially if the dollar starts to have a little recoil. We'll see what that number is. Now, the key thing is I would use the range from Friday. So, if we take out Friday's low, it's bearish. If we take out the high, then it's a good chance that we can make new swing highs and take out that high half a go two weeks ago, back around Christmas time. Now, to the upside, I don't think we have a big potential there. I think you could take out that high and maybe get up to $128.50, maybe push $129 even. So, you're looking at maybe two points of upside potential there that's stretching it. I think that you could see a nice sell-off that would be very healthy for the relationship and that currency and then give us a nice boundary where we can digest numbers as we head into the first quarter and then set a trend. Another thing is people may need to get ready for some big sideways. We may be buffering up against the upper and lower boundaries of certain ranges and the currencies. Currencies, I love them because they trend most of the time, but we're coming into that period where we could be into some range trading. So, those long-term trends and a lot of these currencies that we've seen, especially in like the yen. The yen's the only one because the you could be doing stuff for the first time in a long time. But, otherwise, it's a whole we've got to run. Teddy, that was great info, man. I appreciate the actionable info on those two trades. We'll talk to you next week. Folks, have a great day. Basil's up.