 The following is a presentation of TFNN The power trading hour with your host David white Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 now David white And welcome all to another exciting edition of the power trading hour with me And of course it doesn't matter where me and you are as long as we're together That they appointed in sacred time The following takes place between 2 p.m. And 3 p.m. So We've got a mark it's kind of Somewhere know where's land here after having a huge pop today I still still suspect that we're probably gonna find these ranges into tomorrow and Maybe they'll hold to 11 or 1130. We'll have to see how that works out, but With the absolute flood of people telling me last night how they went short I had to figure that the market was going to be up higher today and It's never a good idea when everybody has the same idea you have Especially if you're going short I know you don't care for No, I it's not that I don't care. It's just that none of it's good He's asking about battery tech in Envx has a solution for wearables and phones to eliminate the the risk of battery fire with their break Flow technology they have secured contracts at the US military Samsung so far away to go do you have any thoughts on this? We'll get to that here Get it out of the way I want to think oh someone had asked about before the show it asked about single-stock futures and All you got to do is got a kind of compare them to What's happening in? The the actual stock itself, but I don't know how you're supposed to trade them It may take a little bit of a long time but TS What is it? TSLA? No, not TSLQ, but I click the wrong one here a Doesn't look anything like what's going on in the stock itself. So I don't know I don't know understand what they're supposed to be good for I've watched this thing in her day a couple of times It never seems to trade with the stock. I Don't know maybe somebody else call in and Tell me that they've traded this and what it actually does but No, as far as I can tell no real Approximization of what the the stock is itself is doing and I have no idea It just seems rather nuts at the moment Most of these single stock futures remind me of the bucket shops that Jesse Livermore talked about in his book around 1900 and I don't know if there's anything else that really changes a great deal on that Anyway, a question about a in VX. I haven't looked at the chart. So And X we'll talk about that Okay Well, we can turn that down a little bit the in VX, right? And see okay, you got a nice gap up here. So we'll go here Okay They're based In San Francisco They make lithium ion batteries company founded in 2007 I haven't looked at their particular technology. It's a nice one. They don't catch on fire but My guess is that they probably don't put out near the power that the ones that catch on fire do or everybody would have moved over that for Getting thin going And Try to cross from a Tesla factory. Okay. Well, I think they're moving out that Tesla factories closing in San Francisco Or wherever they're at in LA they're moving everything to Dallas But I don't know you got a nice gap here. You got lots of juice The big problem I have is the batting average on these and that is the batting average is I Think it's probably up to one in a thousand right now of Ones that actually have anything a lot of people think battery companies are like Semiconductors and that is that they're gonna get twice as good in a year from now and the reality is chemistry moves at a very small snails pace with monster amounts of money to be spent and There was a I was watching or reading a article on just how much money Intel spent to change from one size die to a larger size die the Silicon that they actually make chips on when they went from 8 inch to 12 inch Dis to actually create chips on in the late 90s and how back then They had to almost put ten billion dollars of their own money in to making the change so that things would happen So, you know a lot of these things. I'm not particularly Knowledgeable about this one But they tend to get a huge bounce And when you actually dig back into it is a lot more like what Musk What runs around and does and that is that you know, you get maybe six or eight well actually the Tesla batteries are about 8% better than they were in 2010 and That's up from about 6% I think in 2020 but that's about 8% over 12 years and but he'll come out and say that he's got a Battery with 50% more power all he did was it made a smaller Battery cell into a slightly larger battery cell and maybe The updates in chemistry got one or two percent now everybody thinks that The kind of chemistry is just gonna double overnight. It just does it and you have to scale these things out So you really need to dig in on a particular company find out how much money it's going to take to industrialize it at what profit at what point do they actually make a profit and Does it actually not burn because there are several batteries that don't they may be a great company? But the question is are they going to be made at the kind of scale that they can apply their patent? My guess is that these companies Come up with these batteries that are big companies are gonna have a problem That is that everybody's just gonna steal their technology and find about work for the next 10 or 15 years Yep. Yep. Yeah, we'll be back in a minute booming inflation. We are purchasing powers eroded There's no better place to protect your hard-earned money than ain't gold This the golds flagship asset is the monk cod gold project in the northern territory of Australia This is Australia's largest undeveloped gold project. 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It's not that Every one of these battery companies is some kind of fraud the reality though is Just how many years it takes For chemistry to actually get something to market that is significant I did look at the price points and yeah, the military is one of the few company a few customers that can probably Afford these things in any kind of volume And the mission that the military has maybe make these things interesting I guess the best part to describe this battery is that it's built on silicon anodes and The idea is that it's going to be a little bit more shock resistant without Catching fire if you don't know anything about battery technology for lithium-ion batteries Just imagine going into a cave with the stalactites and the stalagmites and As you any of these lithium-ion batteries those stalactites and stalagmites Will grow from the ceiling into from the floor And in a battery when they touch They'll short out and cause a fire literally caused the lithium in it to start burning but You know the idea is that if you can make these more more Let use less liquid and more solid substances that it will be much harder for the Migration of the stalactites and the stalagmites from one side to the other from the cathode to the anode a Issue and so you can delay it, but I haven't seen anybody that's actually solved it But It's an interesting technology. They'll probably make some money Do they replace all the batteries in a car? From what I read here during the break the answer is no, but you can always have a great product It's just is it going to be what everybody always thinks it's going to be I think there's a lot of hope them in the battery space and every week I see another advertisement for some company that has a solid state battery And they're going to be out in a week and you find out a year later that they still haven't done anything So the biggest problem with them is not this particular company, but most of them Have a economy with the truth about what they're actually doing 877-927-6648 and See what else we have. I know we got some emails coming here To do Okay, I always watch a GN RC. How do you you taught us many moons ago a Little indian lingo there when it's moving up telling me hurricanes may be late to the party However, they're coming may explain the move in oil companies as well thoughts G see GR geese in I think a lot of the growth in Did I do it right GN RC I Dyslexia is at hurricane levels today Generat Yeah, you gapped up a little bit the big thing that really moved this up last year was the lack of electricity in California that were there weren't that many big disasters where people needed more generators but just the not being able to count on having electricity in In California had a lot of people buy these well now of course they didn't want anybody actually having an electricity So there are some new laws In California pretty much trying to outlaw anybody with their own generator Because it's a it's a great state. It's a beautiful state It's a state where you actually use any power other than the power of the governor Governor government to oppress its subjects They don't like it and they're not working on making them any more electric available. They haven't touched their Power distribution system since all the fires a few years ago. I don't know what it's almost a suicidal policy But I think when you really look back here at the big move other than the market itself a great deal of that up to 524 was a monster amount of sales in the West For those folks that wanted to get in and get power for a failing power system and Well, let's just say the west coast So is it is it all hurricanes? No It's just a lack of power which hurricanes of course can't usually do but they had their claim to fame. I think really after that giant run in California where Lots of people didn't have power and lots of things got burnt down and power lines You know, they haven't they haven't touched them And that was a problem. I remember I think I actually said on air about them hiring some gal that was a head of a Gantt or a Gaming a gambling hotel in Las Vegas to run their electrical grid so Probably still problems there, but really that move off the top was the discussions a great deal for California on them making them illegal To buy generators of all kinds and especially standby generators We can't have you having power when your next door neighbor doesn't have power. I don't know. It's just it drives me nuts sometimes They don't want to have power. They don't want anybody else to have power. It's just nuts But anyway as we look at this that was the big move again hurricanes disasters a Drop of the electrical grid. I Don't think we have near the problem that maybe others do And you know, I think the next big move for Generac would really be Concentrating probably in Germany in this next Christmas. I haven't heard or looked and seen what they did, but it seems to me like Western Europe is probably prime for this when everybody's going to be out of natural gas and freezing But I don't know. Well, maybe I'd keep a close eye on that. I haven't seen anything in the way of any hurricanes That really look promising for Florida as of late. I know there's some storms But I don't think they're much of anything, but yeah, you keep it high on that generally Generac really runs extremely well Right, just the you know, if you get a hurricane and you get a bead on Florida or Texas About that seven days or five days out and then you get about two or three days and then the last two days it You know that these storms about three-fourths of the time are going to Peter out or go somewhere else and Then the stock price comes down So you really have to be about seven days in front of that 877-927-6648 yeah, I don't think there's a whole lot in the hurricanes. I remember the hurricane predictors that were down here for 15 years predicted hurricanes. We didn't have a one They finally went out of business Started up a store in next school We'll be back in a minute If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30-day money back guarantee So you have nothing to lose every Monday morning I published a gold report with coverage of gold silver bonds the XAU HUI gdx as well as more than 30 different mining equities You see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting TFNN.com don't miss out on the next great gold trade sign up today Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help You make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor You were born to be TFNN educating investors TFNN is excited about our new software charting program the art of timing the trade charts in Collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has programmed an outstanding piece of software that will complement any trader's methodology Using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci Formation setups including guardleafs ABCs butterflies and much more the art of timing the trade charts is designed to help you When scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're gonna love this new charting software that will even give you a 30-day Unconditional money-back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of TFNN.com Yeah, people talking in the den apparently this law in California doesn't go into effect on the state level until 2028 but in LA and In certain areas by County they have been made illegal. I'm just looking this up out here so yeah, not on I'm pretty sure that there's a Lot of people are looking at that. I'm not exactly sure if they're totally legal to use after 2028 Do you have to buy them? Are your grandfathered? I couldn't find that in the articles either But yeah, okay Okay, a lot of talk today about CMG I know you can't buy a grill now And the gas-powered lawnmowers are those already out? hard to tell Anyway Chipotle CMG Did have a test of its previous high did it on volume and pulling back a little bit today One of the better-looking ones out here in the market That's it And you don't have much volume out here I just seems awful richly priced right now, and I think in a toppy market is problematic That's it. Okay You got more volume, so you're probably going to get a retest of 1684 you're going to need some volume to break through that level. Maybe it keeps going seems to be the darling of Wall Street right now and CNBC and Bloomberg seems to be there in a day where you don't see There's some article going by so it's got a lot of mind share for at least retail investors But that's it. Okay That gets the get to the other email that we have Okay Okay, we're looking at CMG And XOM, so let's take a quick look at that Well, yeah, I actually own a generac Generator so yeah, everybody knows they pretty much put those 500 gallon Propane tanks on them our mouse everywhere But that's it. But yeah, there's a adapter if you want to use the little tiny ones like the ones you use on your grill pressure differential of some kind To And somebody emailed me here says that they'll be illegal After 2028 I'm gonna have to run that down and find out if that is actually true It's kind of hard to think that they could do that, but maybe I don't know that would certainly put a dent in whether or not you sell Generators in California Got another email here that we'll get to Okay, I want to look at the XLE again today Okay, yeah, you're approaching the previous high on light volume in July 29th 25 million shares pretty much right there Not a huge push. I'm not a fan of being short energy for any reason whatsoever I'd buy be buying the pullbacks for a while. I don't see much out here Biggest thing is just how big a resistance this level is from the June 29th I that had 40 million shares and didn't make it through it. So you actually have three highs out here and Sends what happens before the end of the day, but certainly that would be it Okay, I don't see anything else out here you've got a Low that was never tested but wasn't really a particularly high low Level support comes in at about 70 and you're at resistance. So right now. This is just kind of walking through Question about GLD, which we'll get to next Okay, 14 million shares down on the fifth and July down the first you had about 11 million shares So you've gotten in that with three million shares four million shares and three million shares So kind of up at against resistance against some of these huge day down big difference here is you're really not backing off of this yet and Even with the dollar down Let's go back and look at that very closely. Let me get this up here real quick That's two let's bring up the dollar Yes, well You dip down to 104 55 Earlier on the day on the dollar index 105 and 6 cents today Actually holding up fairly good for being back 40 50 cents up off the lows Okay, probably the big story of the day is the GLD are not the GLD. Excuse me Is the TLT? from yesterday Had a bond auction in the 30 year that didn't go so well and You got a look we were looking for a retest of this were approximately one 12 level from the June 8th low And that certainly is What 15 million shares you got 11 are ready today You know the I don't think a lot of people are thinking about what happens it's starting in September and that is that At least what they've said that they're going to do means that there's going to be about 90 billion dollars Coming out of the market each month That they will not be putting back on by the Fed So that starts I think in late September. I'm gonna have to look that back up read about it earlier this morning but Yeah, it seems like we're taking a fairly big run For a market in the bonds that looks lower. 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It's not so bad they still lost a billion dollars on the streaming part of their business and And What it's not as bad as it was in 2000 but it does kind of the first thing I thought about it when they were telling everybody how great it was They lost a billion dollars or only a billion dollars Her can be back to when everybody was talking about eyeballs in 1999 on websites And you know that was well, you know, we've got 100 million people that come by every day and look at our website. We've got eyeballs, but it never really turned into money So I always a little bit of reticent about that kind of thing the theme park business was boffo Mostly because of course, they had only about a half a year in the Disney land And so they got a great deal more of that back in there and everybody was where and to go back to the parks I'm still a little word wary of Disney's long-term Value in streaming mostly because if you look at like variety and some of those other magazines They're starting to carry the streaming minutes And which ones are people are watching that kind of bounces the ground Depending on what the hot thing is what it was the Mandalorian That was I think Two-to-one over the Netflix's high-strated show right now, they really don't have a lot on that's catching a lot of eyeballs Maybe the Hulu brand seems to be doing much better I didn't dig in too far to the numbers this morning But if this is actually a stock that is comparable to Netflix It seems to me like it's mostly comparable to a theme park company, but It was very interesting Argument that they were trying to make today for Disney and its streaming service I Don't know, you know when the Mandalorians on I have a feeling they're gonna have a lot of subscriptions The price hike today had a lot of people going thinking that that was a great thing gave back what? And kind of the lows of the day, but not horrible I think a lot of people were short this I thought that they were gonna be able to or it would be much tougher to cover up some of the big movie misses they had like the What's the name of that thing? Buzz Lightyear, but I don't think that made that into this quarter, but now they'll probably be able to Get a little bit of that back before the report on the next quarter but a lot of volume today and Probably too many shorts in it question really gets into They don't have near as much Production as Netflix does so it's probably gonna be easier for them to cut back on some of the stuff that people aren't watching And make just the stuff that they are watching but Yeah Star Wars had a lot of people subscribing a lot of people did tune out about halfway through the Jedi thing from the summer, but Yeah, we'll see I Have a feeling I just kind of wonder whether or not this is all going to end up being kind of 2.0 for Apple and it's for a into Music and the iPod and really at the end of it all these folks just kind of ended up destroying the music business I'm wondering if between all these folks There isn't at least going to be some level of Problems that come out of all the streaming in the lack of the traditional movie industry But yeah change always has fine Mrs. Hulk CFO will be Mrs. Hulk CFO will be a blockbuster. I don't know about that movie Okay Yeah, a lot in here John from the den actually posted a Little bit about what the Fed is getting ready to do starting in September Reinvest in agency in bass the total principal payments from the Federal Reserves holding a debt Agency MBS received each calendar month for that exceeds a cap of 35 billion per month And that's that roll off the Bloomberg folks were talking about a few other things Going on today and talking about 90 billion but that's I'm not exactly sure what they were getting at to You know actually Didn't really somebody said the dust up with Disney in Florida didn't really have that much of an effect People were coming anyway. You got to take your kid to Disneyland. There isn't that much of that 877-927-6648 Okay And what else do we have? Oh? Somebody wanted to know about Rivian, so I'll go back here and look at that Earnings out after the bell by the way our IV in and of course this was a company that Ford was talking about buying and they ended up going public They still use a lot of parts in common from Ford that they buy from them Um, who knows a new IPOs whether or not you're gonna do well. You got a doji out here today I think that a lot of their initial rollout Problems that they have they're getting solved But they do have a little bit or did have a bit of negative press right after the the output of it seems like they've got a lot of great ideas and Generally companies that have a lot of great ideas just end up in court trying to defend them when they don't have the backbone of a larger company like Ford or General Motors or Chrysler to actually defend all that. Oh There is actually I thought he was joking. There's a she-hulk Okay Okay, yeah, it's okay Just looking here at a few other things for Rivian I don't think that you can probably call anything or much of anything out here My guess though is a ton of people were short this Over the last few weeks and I think they're gonna stay short So you may have if they don't really whiff It could do okay just on the short squeeze I don't think I'd want to be short going in earnings tonight our IV in we'll be back in a minute This to gold owns and operates the largest undeveloped gold project in Australia the Mount Todd gold project This to gold just completed their feasibility study resulting in a 7 million ounce gold reserve This to gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accretive Transaction this to gold trades on the NYSE American and TSX under the ticker symbol VGC This to gold executing a strategy to create shareholder value You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life Before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by 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 and stock prices Get the opening call newsletter by Basil Chapman and your inbox every day first time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com when you subscribe You'll get a weekly report from veteran day trader Larry Pesavento on stocks You need to pay attention to and you can trust Larry's analysis after all He's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from Larry on market movement. 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I was looking for it to hold 4200 so we're off 86 on the NASDAQ and We're off about five or six on the S&Ps right now So we're probably up here. My guess is we're probably gonna get a bounce in the morning again Probably seeing a lot of people short today. They'll probably run them Then if you're gonna have any real meaningful pullback, I'm I'm thinking that it will be later tomorrow afternoon But it depends. I don't think there's enough in the any kind of earnings and Maybe job numbers do something for us in the morning But I don't think there's a lot of other extraneous news and I don't think a lot of people are looking for a surprise in the job numbers So maybe you get one more pop up or I would love to see it That no one shorts. In fact, we can see today whether or not anybody actually shorted or I'll know later tonight So we'll see in the morning before the numbers come out but generally these things top out when everybody quits shorting and Yeah, I haven't gotten any emails in the last hour or two from the people that have been shorting every 20 points higher and emailing me the end of the world stuff Markets go higher markets go lower I'm not gonna get too wound up in the higher and lower I didn't like the fact that nobody or very few people were short this Move higher the volume if you look at the SMT's and the spies Really didn't come in the last few minutes, which makes me suspect a lot of that was Yesterday's move was a lot of short covering So we'll see whether or not we have any juice up here even a 50% retracement would be fairly large So when you can not when you have to we'll see you tomorrow same bat channel same at that time Building wealth trading in the stock market seems impossible