 The following is a presentation of TFNN. The TFNN Bull Bear Trading Hour. Every trading day, live at 10 a.m. Eastern. Call now, toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Trading Hour. Now, Tommy and Tommy O'Brien. Welcome folks, appreciate you growling a problem with us out here. We have the Dow Industries down 263, Nasdaq off 110, S&Ps off 35. You take a look percentage wise out here, you get some percentages happening folks. We have the Dow Industries down 1.4, Nasdaq down 1.4, all down 1.4. Gold contract, gold contract up $9.80 straight into $12.84 an ounce. You get silver up $0.10, $14.55 an ounce. They both have caught a bid. The biggest bid out here though folks is notes and bonds. Bottom line, they're going right after the highs. They have the volume behind the move. They have the price behind the move. Right now you get the 10-year up 15 ticks, $124.29, 30-year up full point plus two ticks trading at $150.25. We get the 10-year right now yielding $2.331 and that is the low for the last three months. King Dollar, King Dollar failed at its high, $980.85. Went after it this morning, pulled back underneath it. I suspect we're going to get a failure here particularly the way as soon as the pit trading opened inside the gold and silver market folks. Someone came in and came in fast and furious. So I'm looking for that dollar to fail because it's all about the dollar in the metals market. Euro, Euro is at $111.44, the yen is at $109.79 and the pound is out here at $126.51. The pound is having some big problems out here. Let's go over to our man, Mr. Kevin Hicks, a TD Ameritrade to think of swim as we do each and every Tuesday, Wednesday, Thursday. And don't forget folks, outstanding program here. Every trading day, 11 to 12 Eastern Standard Time, you want to understand options, option strategies, futures, defined risk. You better have defined risk in this market. And oil, how about oil, right? Cool, $4 almost in 24 hours. Smoked, smoked. We got plenty of oil, we got plenty of gasoline. We're going into Memorial Day weekend. The refinery utilization is not, is still in a negative and we got plenty of gasoline. Kevin Hicks, what's going on? Good morning, Tom. Good morning, Tommy. You know, you guys are talking and I have up on my screen watching crude oil right now down 4.7%. And I want you guys to think of something as an old broken down commodities trader. Now, my focus was the grains, but I watched commodities every day. This is a seasonally strong time for crude oil, especially ahead of the Memorial Day driving and the early summer driving season. And so for this crude oil trade to break like this, like it has in the last two days, that is counter to what a lot of people who trade maybe oil and a seasonal factor are thinking of here. There's no doubt. You know, Tommy and I, when these numbers come out yesterday, it was like, hold it, we have a building gasoline and the refinery utilization is still a little negative. So it's like, okay, that's saying quite a bit. No doubt. Yeah, that is a tone change and a reverse throttle on all the bullish, you know, that was going into crude oil and had let it up from, you know, really the mid 40s up into, you know, over $65. And now you, well, you can, you can say goodbye to the six handle for a little while here. Yeah, no doubt. And you know, hey, listen, we know that by this afternoon, everyone's going to be basically packing it in. So it's going to be interesting here, you know, the, the S&P, I mean, it's pressing, you know, the, the lows from our last swing, but it doesn't look to me like it's going to make it. You know, the IWM, the small caps broke, but that $2801 on the cash looks like it's going to basically hold today anyway. And if it does, if it does hold today, you know, I mean, tomorrow is going to be light volume. You're exactly right, Tom. We, and we already warned the people that watched fast market. Once we get to midday Thursday, right, which is right as probably fast market ends, you're going to start to see eyeballs come off the screens and, and total people watching the markets will start to diminish really by the hour and by tomorrow, it'll, it'll go down substantially. So everyone just has to understand what that means. Remember a little thinner markets susceptible to big moves, but maybe moves that don't hold, right, wippy, thin kind of low volume trade and holiday markets is what we call them and they're that for a reason. Just lower your expectations for liquidity and things like that. Even though we have a durable goods number out tomorrow, that might be a little volatile, you know, with, with some of the Boeing cancellations possibly being factored into that headline number. That headline number might be a little volatile tomorrow morning, guys. Yeah. And, you know, the, what Kevin's saying here, folks, you got to remember something that in this type of summer trade and this market can get pushed anywhere like ASAP and in two, in a heartbeat too, you know, like we're down 38, you know, don't be surprised if you get a pop of 10 or 15 SMP points and then you come down the other side. It's just, it's not that, you know, what direction it's going. It's that, that when it does go, it goes pretty dramatically. All you have to do, Tom and Tommy, is look back to December 24th, which was a half day in the market. Normally a very low volume, very low attention day and they moved this market big on a half trading day. So yeah, it's out there and the markets are a little susceptible of that when, when you get these markets, these pre-holiday markets like this. So keep your powder dry, be a little, be a little careful here. You know, Kevin, as I was speaking right now, the 30 year is actually breaking its swing high from a match. This is pretty wild. Yeah, 10 year yields, you know, I have been saying on our show that a December rate hike or rate cut that is currently being, being given a percentage of happening right now. I don't see that, frankly, right? It's a tough case to make for that, but some of these Fed governors and these Fed representatives are starting to talk about that, that if inflation stays, you know, extremely low like this. And boy, that's a, it's hard for me to connect the dots on a really strong economy and lowering interest rates and the message that that will send. So I think that the second half of this year is going to be something that plays out. I don't think Jerome Powell gave any indication in the Fed minutes, but there's a lot of speculation and there's certainly a lot of, a lot of people starting to have opinions on a second half of the year rate cut. I'm not in that camp. Yeah, I know. I guess the real question is going to be, is that, and you just brought that up, is it the perception? Because yesterday I was, when I was doing the afternoon show, I'm looking at the rates in Europe and like, they went into negative yesterday morning in a big way. And I was like, okay, man, you know, and I've talked about the 10 years, okay? So I was like, okay. Now you pay in Germany once again, you pay in France once again on a 10 year. It's like, you know what, man? Who knows what's out there? And I don't know whether it's just perception that rates are going lower. And so that's what ends up happening. Do you know what I mean? I mean, that's always one of the biggest fears anyway, that, you know, whatever our perception is, the Fed wants our perception to say that inflation is going so that we'll basically keep spending money versus if it's deflation, who wants to spend money? Right? Here's my fear. Here's my fear. We are such a headline driven market right now and I'm okay with that part of it, but headlines affect consumer behavior, right? And that's what I think it may be one of those where we're talking ourselves into a slowdown here. And that's when you start to see the headlines affect behavior of the consumer, which fuels our market, then I get concerned. Yeah, no doubt. Listen, folks, 45 minutes from now, outstanding show. Kevin, you have a great day, a safe day, a great weekend, man. I know you're heading to Florida. It's going to be awesome, man. I'm heading your way, guys, seeing about six hours. Awesome, man. Have a great one. Thanks, Kevin. Thanks for having me on, guys. Stay right there. Tommy and I are coming right back, folks. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. 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You can still visit us at the same tfnn.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new tfnn.com now and experience all the upgrades. tfnn.com is a brand-new website and it's all the upgrades. tfnn.com, educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. At 3-72, you get the NASDAQ of 124 S&Ps at down 40. So these ABC structures look like they've started. They've been happening. The IWM is going after it today, so we'll see where they get the volume. The IWM would need more than 26 million shares. We broke the B point, the B point being 151-16. 26 million, which, you know, it could do 26 million. But as Kevin said, I think this is going to dry up this afternoon, you know? And where does that ABC take us down to because it's going to be substantially lower than where we're at? No, because it's 161-11, the A was at 151. It's almost $10 on the penny. Yeah, so that would be 146. Okay. 149 we're at. Yeah. The XLE has already broken it. That's going to have the volume more than likely because we got, yeah, 14 million already get four. And that one is, this one is... A little bit larger. Yeah, you got, what, 68, 81, 62? 65, so call it $6.20 about... So that's, what, 58 something? Yeah. 58 bucks? 58.50. You're at 61 right now. The SMHs, now this is where this gets cool, folks. Remember, if the SMHs already started it, that started it last week. That thing blew away the B point last week. Where is the B point on that one? Right here. Okay. It's at 104.93, 17 million, 19 million. And then got another 18 million. So... Do you look for a certain amount that has to go from the B to the C in terms of at least a 3A2 or anything? What happens is if the... An ABC structure, if it's only like a dead cat like that, a 0.3A2, that's actually more a powerful one because you couldn't get a retracement going topside, right? You cannot go past the 0.618 retracement to have an actual definition of an ABC structure on the way down. All right, little play out. Sure. Doesn't matter. Do you know what I mean? Yeah. Because that negates it. That's saying that Fibonacci expansion, contraction, you know, is a consolidation versus a continuation move. So on this one though, the green bar is the 38. Yeah. Not hitting that. Does that matter? We didn't even get it. And that's what I was kind of looking at. Is that... I don't even see a B to C in this. That it's even a weaker market and can be a larger ABC structure down because it couldn't get going topside. You know, if it did like a 50% one, then it's like, okay, still do it. If it did a 0.6181, then most times you're only... You probably won't even have an ABC down. You'll come down and hit the B point and bounce off it because it's more strength. Yeah. What's going to be intriguing here, of course, is that if we look at the cues, I think it's going to die down right now, but the cues, it's right next to it right now. 1.7806, we hit once... Oh, look at it. I think we hit it. There you go. Yeah. That's crazy. Okay. So the cues are not going to... They're not going to be 67 million out here today. I just don't see it. The spies... But in a bigger context, folks, once you start these things, you know, this is where an ABC market down at this particular point. And the spy 127, we're not going to do 127 in the S&Ps. Let's go to our man, Paul in Henderson, Nevada. Hey, Paul, what's going on, brother? Hello? What's happening, man? How you doing? Oh, good, good, good. How you guys doing, man? Doing well, man. Thanks for calling. Yeah, for sure. You guys were talking about the SMHs, and I wanted to, Steve, Tom, if you could bisect and dissect this NVDA chart and kind of tell me what you think. So, you know, I've been shorting these several different SMHs for a while, and the setup here on NVDA is that we did a very weak bounce off this big, huge move down. It also ran right into the 200 EMA on the daily, and I'm wondering if this... When you look at this on a weekly chart, if you pull it over to a weekly, if this could be an ABC down on the weekly, I mean, this thing would get just all the way back down to where the breakout started. I'm wondering how you would look at this. Well, let's do the daily first. So you get an ABC down on the daily. A point there is 184.87. So you're looking at May 2nd for the A. Yeah, and then the B point... May 13th. What is that low? 157.81. 157. To 184. So 27 bucks, give or take. Okay, and then 27 off one... I call it 164. Yeah. So that would be for 137. So you get... So on a daily, Paul, you get an ABC down on 137. And right down here at that 138, to 131, you can see that high volume. So that's where it wants to go on the daily. Now, if we put this on the weekly... Well, on the weekly, I mean, if it's a monster you can see down, that's your eight point up there, 292. Yeah, I mean, that could be it. But those are harder to basically, you know, speculate on. You know, I mean... But, you know, the weakness, you know, you came down off this high of 292, you get to a low of 124, and you do just over 0.38 true retracement. So it can be... That takes it to $20 just to put things in perspective. It has 170 point... Okay, so let's bring it back. A to B. With 20 bucks. There is a lot of gaps on the way up on this chart, and one of the big ones here is right around that 114 level, and that has a lot of volume. Yeah. There's just so many of them on the way up. There's another one. Another big one down around $80. And in general, the estimators look pretty weak, you know. Oh, yeah. Listen, man, it's... It went from 20 bucks in September of 15 up to almost 300 within the span of three years. Right. That's so unusual. Yeah. That's a 15-bagger for something that... And you had a lot changing when you think about what they do, right? Oh, yeah. You have Bitcoin going bananas. You have AI. You have all this stuff happening with chips. Right. I think my new laptop has NVIDIA graphics. Right. Yeah, it's like so... So, I mean, you get... They make great... They have great products. That's for sure, but... Man. Oh, you will listen... Yeah. They were just priced for super perfection, I think, right? Right. I mean, they'll be around... Yeah. Which is why $20 seems a little tough for my mental, fundamental take on NVIDIA. Right. Like, did it really change that quick to go from almost 300 back to 20? I still feel like their chips are going to be a powerful player. They are. The real question... For the little I know about the industry, you know... The real question is going to be, you know, the amount which... What... Well, I... What I believe you're going to see in the next three to four weeks is that we're going to see... There's going to be plenty of analysts that come out and say, okay, how many of these chips are getting sold to Chinese companies that no longer can buy them? That's where... That's what's going on... Yeah. In the chip industry right now. This... And this war is not going to get over. This might take... No. This is going to be going on for a long period of time. So, there's a whole different change dynamic that's going on here. This is, you know... This thing's not going to end in a year, two years, three years. This is the beginning of a whole different animal. And they're going to have to revalue their supply chain. You know what I mean? So... Like they're doing it right now, right? Exactly. No, yeah. Trying to figure it out, right? It's serious business. Yes. It's serious business if those are your customers. Oh, right. You know, so... Well, it's huge. You can't sell to them anymore. Right. And now there's four more. Right, exactly. And that's not going to be the end of it, either. No. All right, gentlemen. Well, thank you for that now because I appreciate it. Have a great one. Have a great one, Paul. See you guys down in that 384 and Azirx up 122. S&P's are off, Fadi. Come right back. We have a sale like this a couple times a year, so don't let it pass you by. Tiger dollars are available in three purchase options with a 20%, 30%, and even 40% bonus. Once you purchase your tiger dollars, you'll be able to apply them to your TFNN account, and then they are automatically used for all your recurring subscriptions going forward, making it as easy as possible. For all the details on this tiger dollar promotion running through the TFNN account, you can purchase it at the TFNN website. 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That pit opens, someone came in, came in fast and furious. If we go over to the silver market, you're going to see the same deal. Now, when this was happening, which was pretty wild, is that the dollar hadn't, you know, basically, you know, the dollar was still up there. Okay. So it was like, man, this is a trip. So if we go over to the dollar, actually, I think the dollar had already failed. Let me just see this. It ate 30. What time is that spike? No, same deal. No, that's 930, huh? Well, yeah, but you're not on the high. Yeah, right. No. Okay. What time is the big? I just want to see what time the big move is is in correlation. Nine o'clock. Nine o'clock. Versus 820, you know, which was the big bar. No, totally. So what you have out here, you know, my take is the dollar, we failed on price. Now we're going to see this volume shakes out, folks. But this is what Mark has left to do. Spikes the high, and I like the idea that you spiked the high. There's a spike on the high. What a spike in the high does is this, that dollar is going up to see if there's any more orders. And guess what? No more orders. And we can tell, like, you know, the way that we are coming into the highs, the volume is dying all the way up. So that's saying to me that, you know, guess what? This gold contract wants to go higher. And then if you put this together, technically, but more so fundamentally, with that 10 year, look at this, that if interest rates keep going lower, folks, gold's worth more money. Just how it goes. You know what I mean? Because the argument's always made that gold doesn't pay interest. You know, I mean, you got to hope that gold goes higher to make money. Sure. It doesn't do it. And if we go over to this 10 year, what you're going to see, and you had this up when Kevin was on. Yeah, it's always an interesting chart, man. Rates are back lowest level, and I saw the headline in 2017. This is a big break, man. Yeah. This break right here, 2.384, where 2.329, 2.329. Yeah, that's the last one was 2.338. Yeah, so watch this. And that's what you can see. We go right back to 2017, the end. Yep. And so we broke that swing and guess what? 2.01. Yeah. Yeah. Yeah. Yeah. Yeah. 2.01. It's coming at us. 4.4. Imagine that. Hey, drop it. Why not? I mean, there'll be a good quarter point slash it right off the everything. Yeah. And well, the market's doing it. It was so intriguing here, folks, is that it's the market doing this. It's not the Fed. The market itself is driving these rates down. You know, when I brought this up yesterday, I was really, you know, it's like, it's still negative. Yes. On a 10-year, watch what happens when you do the five years. This is like crazy. You give someone money for five years. If you give it to them in France, you're paying, what, three tenths of 1%. Yep. In Germany, you're going to have to pay them a half a percent to hold your money. Yeah. Sweden, four tenths. Netherlands, a half a percent. Switzerland, almost eight tenths of a percent. For five years. Yeah. So, and, you know, oh, natural gas. Let's do natural gas. Yeah. So we got the numbers already. Maybe we can dig in. Can you pull up natural gas? Oh, we did. Yeah. That's what it is. They come out right when we come out there. Oh, I see. Okay. Let's, N, N. Yeah, NG. I don't know if you just go to, yeah, sure. And then pull up the newest. So we're getting some volatility, but we have some volatility. We'll pull up the chart to 100 billion cubic feet. The median estimate had been a rise of 103. Pretty close. Inventory is rising to a total of 1.75 trillion cubic feet and jumping over the chart. And what I was surprised about, we pulled this up during the break as we were coming back. Man, volatility coming into that number, right? Yeah. In terms of, we were at 255. We trade up to 257 at 845 in the morning. We dropped back down to 254 by just prior to 10. And then there's your 1030 bar. So on that number, a little bit less than they expected, right? They're looking for 103. Right. You get 100, a little bit less supply. You should see the price jump up a little bit as it did. So natural gas, still pretty affordable, man. 257 of the price of that natural gas versus, how about that oil contract? And I backed it up. So if you remember, right, we were looking at the trades for oil yesterday. Right. It was lining up at exactly 6250. Some of the trades we were able to look at had exposure at 6250 of about a buck 50 by noon or 2.30. Right. By noon in particular, because I did the 12, no, no, I came down here at one o'clock, I think, to do the one o'clock update. And it had moved where it's 61. See, there's noon, right? Yeah. 1155, mid to 6122. I mean, you almost got a full buck 50. Wow. And those alone, let alone, if you just went short in the futures or say, I mean, just a staggering from 6250. And we touched almost where is it? 5801. $4.50. And you're going to see, you know, the 58 area, folks, is the new floor. Not the floor, meaning that that's where you get different levels. And if this starts pounding that 58, well, we'll bring up the next one. Maybe if you could pull that up just because I don't know what you're talking about with the 58. Because I, I mean, 50, a five handle just as what caught my ear this morning when they said 50. And I, whoa, we're in the 50s. A lot lower than this. So when you get a wide price bar like this, folks, it's, these don't come in ones. So here's the 58 area right here. Okay. We traded, we traded there from what February 15th kind of over there before you. Yeah. But what this is saying now, this type of bar, this is like, you get game. Oh, definitely. You get, you get game all the way down to 55. Sure. Oh, I mean, you get three dollars might be to the downside possible. CL one. Let's do it this way. Put on a weekly. So I'm putting a continuous contract together. Yeah. Kind of. Yeah. It'll take some more cars to build, to break it down. I mean, let's, let's, this is a big move. $57 maybe. Yeah. Well, the 55 is kind of game there. The thing that's pretty wild folks is that man, I hope we're not coming into deflation because real deflation is serious business. You know, because this, there's no doubt can get down to 54. Give me a few more minutes and I'll make it lower. Right. Doesn't look like it's done dropping for the day, man. No, no, what happens, and this is, this is what happens in markets in general that, you know, you get an acceleration on the way down. People are going to have to make a choice, you know, basically before they're ready, you know, and another heads up here, this was, I saw this this morning, I says this, this, let's see, Tepper. I'll pull this up because one of the better, head, one of the top heads for the managers, he's decided to give his clients his money back. Okay. And that's saying to me that, guess what, he said, he just moved to Florida and he said, hey, I've got a couple years to drop it. Everybody there folks, tell me how I come right back. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from 30,000 to 75,000. The best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of 1,550 per year or 6,200 over the four-year period. That same $50,000 investment in the Tiger First mortgage program would give you 3,500 per year or 14,000 over the four years. 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Welcome back folks and we were talking that we started to get the name David Tepper so he realized returns man since 1993 coming out of coming out of Goldman Sachs not surprising but pretty staggering and now it's Carolina Panthers as well but yeah you brought up the article pretty interesting in terms of returning outside money he doesn't want any of it man he's only going to manage his own now the one thing that's interesting in this though is that most of the firm's 13 billion dollars belongs to Tepper not bad not bad always lives in Florida annually return the profits to investors which I keeps it trim keeps a manageable amount probably if he could just make gangbusters though he wouldn't be returning that money so even it's maybe a little tougher when you have that much more money so he says you know I'm going to trim it down I'll just manage my own money maybe it's five million in the market maybe it's three and then I can work with that as opposed to he just moved to Florida you know he just changed address okay nice Arizona let's go to we've got we've got we've got Jack Leeson Jack Leeson from Major League Training look at you man oh man what are we looking at on here we need to teleport to Arizona man all right so we are I got the putting green back here I don't know if you guys call perfect I'm out here in Scottsdale Arizona with a couple of friends actually this is my friend's parents house and we're just enjoying the labor we got out last night Chicago the weather's been terrible I gotta get more weather again but of course it's always like the day I land the markets just absolutely take tank and I miss the best trading day a month so you know I'm eating breakfast and the S&P was down like I saw like 40 some points and then the oil what a moving oil what was the news in oil could you guys update me on that because I have not been on the top yeah we're just yeah yesterday we're talking about it you had crude trading at 62.50 we almost touched 58 and right now we're trading 58.38 down above it's a monster job we've been tying it's amazing it is yeah that moving oil I would really like to be on I mean oh my goodness I when I woke up and looked at that I was this time I don't even have like the right computer equipment on me because I only brought my Macbook which I don't have my future software on but boy oh boy I miss the Macbook you better download some more software too because I think they got the date wrong because it's Memorial Day weekend not Labor Day weekend oh that's right that's right and I can't believe I messed that up I always get to you know as long as I got a day off but yeah I mean support the troops my grandfather was World War 2 Veteran so I was this is a big holiday for me he has passed away a year ago this weekend so to everybody who served in our armed forces that's a beautiful thing perfect oh that's awesome man but what else is down you guys radar so as far as a point I'm really really watching is 2794 it's just below that the low we have in the S&P 500 on the day but man if we start getting below that guys in this trade war is going full blown out I was reading a couple headlines this morning United States is really going after that QA company yeah and in this you know guys this could get to be the most this could be more do you think 2019 ends up being more volatile than the end of 2018 you know do we do we return to that volatility we had at the beginning of the year what I'm mentioning is that this election is coming steamlining at us and the rhetoric is only going to get ramped up and then there's going to be a fear that if a Democrat comes it's going to be heavy regulations of the election so I see as in are things going to calm down as we approach November 2020 my goodness I don't know and I think my take on this right now is that even if a Democrat gets in this trade war is not going to be over because what has happened here is that you start on a trade war now this is a real war about technology well no it should be and I think that's where there is that's something right it's real that's where it should be a bipartisan yeah what they've been doing and the advantages that's what I think you know it's unfortunate because the media doesn't talk enough about what's actually going on on the back end as far as technology transfer and how much how much of a job destruction that is to the U.S. economy and you know I mean it's definitely some sacrifices we'll see how it plays out but I mean obviously China's I mean you know the more I read about them with the whole it's still you know the better often they were 30 years ago 40 years ago I mean that's not going to change it's the Communist Party that's you know it is what it is but yeah this deal is about who's going to control the world man exactly and we do not want to lose control you know it's more than even just maybe the stock market not staying at all time highs you know there's more important issues here at stake but I saw that there was some battleships that went through the Taiwan Strait or something and maybe that was creating some volatility apparently we haven't done that in a while but I know Taiwan's a huge issue so I mean I just hope this thing never goes military that's all I ask that's for sure that's you know but I can tell you the when you when you talk about S&P profits that's where we're at that's where this thing is right now and then it's going to be the aspect of you know you know do prices actually go up prices are going to go up for us so the real question is going to be you know does inflation catch at all or does people start losing jobs because the larger companies are losing money there's a lot of there's a lot of moving pots that uncertainty should add to volatility right I agree with everything we're all bringing up good points it's like man there's going to be a lot of uncertainty I mean we're going to start having debates like in no time we're going to start having primaries in like no time we're going to do the calmness on top of like you're saying it's still going to be trade war it's still going to you know that stuff is not going away as you're going to add a presidential election into the mix watch out it's such a head a headlining market I mean for me especially like as a day trader like you know I mean I personally always trade with stops but one thing for everybody out there who's listening just to know like guys you got to have your stops because especially if you're on a shorter time frame and its market you know this is this is a great opportunity for a lot of people and for other people who don't navigate the markets as nimbly I mean this is probably a stressful a stressful time to begin right we've had days up down all around in both directions so if you're wrong take that stop because you know even if you're bearish or if you're bullish you can make that same trade tomorrow and you might be right again the way the markets trade yeah it is up down all around man just wait for the next tweet the next news cycle and see what happens yeah so you're going to jump in that water Jack look at that sun man it's beautiful yeah I mean I was in the hot tub hot tub last night but yeah I'm going to jump in the water I'm going to climb this is called Tom's Thumb over here okay do a quick hike and I mean this this is just you know this is guys country that's awesome man listen man you have a great weekend safe memorial day always great talking to you stay out there for a while because well Chicago's to 80 degrees today so yeah peace brother I was 50 the other day when I booked my ticket so it's perfect thanks so much Jack thanks Jack have a great weekend man you too thanks you're going to love it that's great man it's perfect live from sunny Arizona man right in front of the pool stay right there folks Tom and I are coming right back down it's down 318 Nasdaq's up 104 S&P's down 33 come right here I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we Tigers and Tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their first market timer in the nation for the S&P 500 for the last 12 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for mastering probability today by clicking on the newsletter tab on the homepage of tfn.com and get immediate access to workshops where I take you with me and I'll see you in the next one. 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Since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found that computer software which included market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com welcome back folks Dow Dow is down to 87 Nazak off 93 S&P's off 29 and as you come over to our website at tfnn folks you are going to see the new new new new new new new new new new new new new new new new new new new new new new new new new new new new new new new new new new new new new new new of these until at least maybe the end of the year, if then. Couple year is usually the deal. And we've doubled the bonuses. So normally you can get a 10, 15, or 20% bonus. So normally you'd have to spend 1,500 to get a 20% bonus. You spend 1,500, you get a 40% bonus for 600 extra tiger dollars on the top one. And it's a 20%, 30%, 40% bonus with 500, 1,000, or 1,500. Again, they never expire. They can be used for any TFNN goods service where they talk about mastering probability, Fibonacci 24-7, the Gold Report. And then as we talk about it, things you can apply it to, man, the art of time in the trade charts. I encourage people, you can get your tiger dollars. You can spend them. Save 25% on the first month with the charts. We'll ship you a hardcover copy of your book, The Art of Time in the Trade, Your Ultimate Trading Mastery System, a lot of what's in the software based off some of the book in there. And then I know to round it out, right? You talked to a man, Steve Dahl yesterday. You and he are going to be June 19th. That'll be here before we know it as well. I believe that's a Wednesday. Right after your show, 5 o'clock till 6. I know Steve's going to be breaking down a lot of what he does with the scanner. Kind of the three-step process, identifying the markets, big movers, whether it's the scans, right? He had a great interview yesterday with him. So yeah, lots of good action. That one, the 19th. These two, good through Monday. That's it. Check it out this weekend. Get your tiger dollars. If you haven't checked out the charting program yet, get a book, get the charts. 25% off. All right. And with you getting, folks, that's it. That's it. The hole's going higher. The hole's going lower. OK. Have a great one. Have a safe one. Thanks, folks. Thanks, folks. Larry Pezzavento has just.