 The following is a presentation of TFNN The morning market kickoff With your host Tommy O'Brien Good Monday morning everybody. I'm a O'Brien company alive from TFN and 906 a.m. Monday morning We got about 24 minutes to go until the start of trading and we got markets starting things off in positive territory We get the S&P's up about 16 points right now That's about a third of a percent trading at 46 94 Nasdaq 100 up about sixty eight point sixteen thousand two sixty one The doll right now up one thirty five thirty six thousand one forty nine and we get the Russell up fourteen points That's more than half a percent right now at twenty four twenty four Bitcoin up about twelve hundred bucks right now. We make a low on Friday of Bitcoin sixty two thousand three eighty five over the weekend We're up about twelve hundred bucks. We were just above sixty six thousand at about four a.m. This morning Bitcoin trading at sixty five five you got crude under eighty bucks seventy nine sixty six crude down a buck thirteen We got gold off three dollars right now pretty tame action in that gold contract. We spike up to eighteen seventy three We're trading at eighteen sixty five right now silver is down twenty two pennies at twenty five twelve And we jump over to the all-important note and bond market a little bit of a pullback in the last few minutes or so You see that pullback we're down about seven ticks from where we were at about eight thirty this morning But right now you're basically flat from Friday's close were posited by one tick in the tenure right now You're talking about a yield of one point five eight percent on the tenure one point five eight percent on that tenure We jump over to the volatility index. We had a little bit of elevated action last week made it to 1990 on Wednesday's acceleration to lower prices in the market. We clawed back some of those losses We ended last week at sixteen fifteen. We kick off trading at sixteen seventy one for the volatility index pretty close To the historical average of where that VIX usually falls All right, let's just kick right into it. We got stocks already moving this morning We got a big week of retail earnings coming up should be interesting to see how they that shakes out We got Walmart we get Target this week among others And we'll kick it off with Oatley the oat milk producer lost seven cents per share The market was looking for ten cents through a share revenue came in below forecast However, he talked about some moves fourteen point cent fourteen point one percent It was down and what are they talking about folks? I bring it up first in the show because it's a common theme Challenges related to various covert related restrictions continues to scale up production They're just talking about supply woes covert restrictions. O. T. L. Y. Is their symbol O. T. L. Y. There's a drop off for you from eleven eighty two to nine seventy five You're down more than two bucks the conference college just beginning and the pain continuing on that equity down to nine seventy five We take a look at this thing Talk about getting a little bit of a head of itself on its IPO price trading up to twenty nine We're gonna open in the single digits folks single digits for this equity and what are we talking about for a market cap right now? We're talking about a market cap Coming into that I believe a five point eight billion dollars pretty remarkable They pushed us out to the public got it up to a valuation of what's that sixteen billion dollars something like that? Not so fast in that market. There's just a lot of competitors in that market. I love almond milk Don't drink much milk myself anymore. Do you have a little bit of cream sometimes in my coffee? But beyond that dairy in general not really great So I'm a big believer in almond milk and the likes of that I do love cheese though. So still everything in moderation Point being though sixteen billion dollar valuation you got to sell a lot of oat milk at sixteen billion dollar valuation for that company Looks to be a little bit of a pullback to say the least on their earnings Tesla all right. Let's we're gonna wait to get into Tesla. Mr. Elon Musk I haven't himself quite a weekend yet again. He looks to be potentially selling more Tesla stock He's trying to blame it on the Democrats and Bernie Sanders. I wouldn't be buying that folks in any second We'll jump to that in a moment dollar tree though They are trading higher as you have an activist taking a stake in there the journal reporting that mantle rich That's a activist inventor investor wants dollar tree to take action to boost its stock price focusing on pricing strategies of the company's family dollar chain Pricing strategies. What does that mean folks? That means jacking up the prices. I imagine at the dollar stores The news prompted Deutch to upgrade the stock DLT are Maybe they'll be called the $2 store from now on and check out this pop folks now we go back to the high We had in April. I was looking at this this morning, right? We're trading on Friday at 1 30 13 This does not have the pre-market action folks. We're gonna open at 1 22 We're gonna open at a high for the year and we back this up You're talking about above the levels that we're at in October to look at this double top And we're gonna open above that level. We got a bid ask above 121 50 right now more than a dollar above the highs we had this year more than a dollar above the highs We had in October. Let's back this up even further. Yeah, there you go We're gonna talk about open at an all-time highs you back it up to where we were in the beginning of 2018 You're as high as about 116 and change now for the short-term action the 15 minute this morning There's your acceleration from Friday to Sunday. We make it up to 123 We're opening above 211 21 for a dollar tree like in the action of up in the prices for their products Tyson they are in 230 a share 20 cents a share above estimates 27 revenue top forecast as well new productivity program Save 1 billion dollars t s and it's their symbol t s and Uh, pretty tame action on their earnings so far a little bit down now beyond meat last week, right? Quite the fall off on Wednesday on their earnings. They claw back some of that I talked about when we went over beyond meat Tyson I mean all these companies are going to be on the fake be in the fake be be in the fake beef business Say that one five times fast at some point Tyson open and pretty marginal action down about 40 to 60 cents on their earnings so far this morning John Deere they've been battling with their workers trying to get an agreement Reached a third tentative contract agreement after the first two were rejected neither side gave details on the new agreement Not yet clear when the vote will take place workers have been off the job for over a month folks de Whoops Is their symbol a little bit of volatility to the upside on that potential good news? We back this up for the full context of their volatility Uh, they go on that strike where was it october 14th or so there you see kind of correlating to the lowest There you go about 320 interesting when you look this thing is up to 360 You're talking about more than a 10 move since workers have been on strike, right interesting And those workers they rejected uh quite a pay raise on the last one Maybe rightfully so with everything going on Um, but they're holding out for some big numbers there and looks like maybe they got a third agreement We'll see if that goes forward Uh bowing Let's see. So there uh, you have their senior vice president talking about getting close to resuming deliveries of the 787 dreamliner after suspending them to deal with production issues I believe we got a big show going on to buy or something like that, right the airline show going on The air aircraft show i'll pull that one up in particular But yeah, look at bowing getting a little bit of a pop up to 228 from 220 There's your 15 minute chart on that acceleration now bowing and watching this thing for a while We had quite an uptrend channel here Uh, if you're looking to get in bowing, okay, check this out. This is a weekly chart We go back to the cover lows of 89 bucks, right you correlate to the low we had In october we got the highs matching up as well now we traded below this line I would look and you're gonna bump up against this potentially today about 232 get you back within that channel line there Look for it to get back within it. Maybe you test that channel line might be an opportunity for bowing We'll see as travel potentially picking back up airlines picking back up Let's check out some of those travel stocks because we had quite a pullback on friday and some of these equities Delta up marginally this morning. We check out united pretty same action all these pulling back pretty harshly carnival right now A partially we have norwegian or region. We have in my newsletter rocket equities and options Um got in there at a good price now. You're checking about Norwegian similar action here You got a trend line coming off the cover lows of seven bucks ticked in across that bottom portion of that trend line I want to see it hold norwegian right now open and flat Stay tuned folks. We'll be coming back. We'll be talking a little bit of tesla. Mr. Elon Musk. 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Let's take a look at tesla. We pull up tesla shares this morning tesla trading down about 12 13 bucks We see the action last week. We put it on a 15 minute chart Uh news over last weekend. We're going back six seven eight days right now Of course with tesla elon musk polling twitter whether he should sell 10 percent of his position Monday pretty calm action Tuesday The market kind of wakes up to the fact that hold on this is a real deal elon might be selling a decent portion of a position He sure was the news came out on last tuesday that his brother was actually selling a decent portion of position as well The day before elon came out and polled twitter Folks if you think he's not playing games here, okay Then then we're in a disagreement and that's all you got to say even on monday's action He's exercising stocks options that he has if he pushes the share price down for just a short period of time That's going to decrease his tax bill. Maybe it pops back up afterwards. Okay, but what i'm going to get into over the weekend Is it uh, he is out there as well So in a little bit of a feud with mr. bernie sanders And bernie the proud socialist out there. We must demand that extremely wealthy pay their fair share period elon trolling him And then what he says is want me to sell more stock bernie just say the word Listen, there's nothing to do with the democrats that's causing elon musk to sell his shares He is quite the genius in pr here Spinning this in that way. He's selling billions and billions of dollars of his shares And he's trying to act like that's not his decision at all And if you think that then again, we just disagree I'll be respectful But in no way would I imagine that that is the case folks and the other side of this isn't listen I am not a prop not a socialist. That's for sure. All right. I'm a capitalist 1 million percent But I think a lot of people would agree that the Uber wealthy of this country actually don't pay their fair share. All right, many whether it's bezos whether it's elon the upper echelons You're talking about the you know 0.01 percent richest of the rich They don't pay anywhere near the percentages that the normal people of society making 50 grand to 100 grand a year do That's just a fact folks. They don't do it. The laws are written in a way that allows them to shield that income They don't pay it until it's sold So the the sentiment alone that those people should pay more I think is something that a lot of people can get behind the problem is how we make that happen All right, unrealized gains Probably not a good idea. Many people not on board doesn't look like that's going to happen. That's probably a good thing Um, but just the general idea that they should seems like that should be a general idea That that a lot of people would get behind Uh, and meanwhile you got mr. Elan must now. It's interesting. It's here. You got the big shorts michael burry burry he burry He's out there kind of agreeing with my take on things and I was talking about it last week folks. Okay, uh, his quote Uh, and he is of the fame the big short. Okay. He doesn't need the cash. He just wants to sell tesla tesla He says And this is the interesting part. I wanted to bring it up now His twitter profile is under the name kassandra not familiar with why I think I heard that one point But this is his twitter account Let's face it elan must borrowed against 88.3 million shares sold all of his mansions moved to texas and is asking bernie sanders Whether he should sell more stock. He doesn't need cash. He just wants to sell tesla now What's interesting is he puts up a chart here. Okay of tesla shares a little bit parabolic. Maybe folks maybe a little bit parabolic Uh Now tesla is split adjusted. All right. We'll have to get let's get the let's get the tesla split here history While we talk about this because I confused tesla and apple because they split in a similar time Uh Five for one So tesla split five for one which is crazy because it's trading at a thousand bucks. Remember they'd be trading at $5,000 at one point Remember what elan says he was going to take a private at 420 and the world laughed him off And he almost got kicked out of being the chairman of the company because of that Well folks, it's now trading at 5,000. He talked about taking a private at 420 and everyone laughed him off He talked about that funding was secure. That was the thing that got him in trouble in that tweet if you remember, right? I think he said funding secured private at 420 something like that and The one that he did now, this is it. It's tough to see on this chart. Maybe I'm gonna zoom it in. I really can't a little bit but when tesla was trading at Split adjusted like 175 or so in here And that's in the middle of 2020 somewhere Maybe in the little bit like april may somewhere in that in 2020 elan put out the tesla was too high and he said literally not kidding the stock price is too high He was trying to get a little bit ahead. I think of of the share price getting too high And he loves the pot jokes so that that was all in there But keep in mind that that was his sentiment when tesla was trading at under 200 It was trading at 1200 when he's out there blaming blaming tax laws for selling and his brother was selling at the same time He's a brilliant man folks pay attention to it because it might mean the selling is not over now You want really the the super bear case in tesla the super bear case is Elan has done what he set out to do in tesla. He's done it The company has taken over the electronic the electric vehicle segment. He's changed the world He pushed electric vehicles to the forefront all the other car companies now have to compete They're all going to have fleets of electric vehicles in the next five to ten years Uh, he's done what he set out to achieve tesla is there for good. They're not going away Maybe he begins to step away from that company. Maybe he begins to diversify Maybe he begins to spend his 200 billion dollars on other ventures And if he does that he's going to need to liquidate some of that position It's totally feasible folks. I don't imagine it's going to happen. I'm pulling it a little bit out of blue Thin air, okay, but it's something you should consider Because there's nothing to say he is not your traditional founder in terms of just keeping those shares in tesla forever Okay, and just building a plan where he's going to sell them out and build some kind of nonprofit I'll have bill gates like all right. That is not what elan's going to do He could just dump a big portion of position Dump it into space x maybe start another few companies. Maybe he accelerates and creates a competitor to space x I'm just thinking of this is what elan can do though Um and and keep that on your radar when you got tesla trading at a trillion dollar valuation They got a long way to go to make those numbers work folks and maybe elan says, you know what? We're pushing multiples that are just crazy right now. Yeah, we might be able to get there But i'm going to take a bunch of my money off the table. I'm going to take it And i'm going to put it into a bunch more ventures I'm going to step back a little bit from tesla completely possible because he has he's a visionary And he's gotten that company where it needs to go The company now is basically a nuts and bolts operation of process Where they need to figure out the process of pushing out hundreds of thousands if not millions of cars, right? I think they're making about 500 000 cars a year now. They're going to be ramping that up in a big way So keep that on your radar because uh, he's got a lot of malarkey to put it to put it lightly out there on twitter Creating a lot of smoke screen for his ability to be selling shares and there's nothing to say folks That's that sale just won't keep going in a big way He's the one founder that I could just see saying, you know what? I mean he started PayPal took all that money And just sunk it into tesla and almost went broke because he wanted to start an electric vehicle car So don't put it past them to do some wild things as we all know tesla shares are going to open down another 15 bucks We'll see how they open today. Uh as he continues the sales on tesla All right, let's jump around some of the retail stocks as we await their earnings We'll pull up the numbers in terms of when they're coming out Walmart shares up a little bit today up about 50 cents waiting for their numbers target shares right now up as well The 262 target man talk about a stock. We're talking about near all-time highs of 267 made back in august You pulled back to a price of 222 and just like that we're up almost 20% Over the last six weeks in target shares pushing near all-time highs as we come into their earnings When we come back from the break, we'll go over some of the retail companies with their earnings We'll pull up walmart. We'll pull up target Some of the likes and let's check out how amazon speaking of is trading this morning amazon shares open it up About 10 15 bucks this morning. We're coming into potentially some black friday action the sales already starting I was getting the emails this weekend from walmart. Uh get those christmas presents early this year folks You heard the rhetoric supply shortages might be the vogue statement of the of the season. We'll be right back Are you having fun trading the markets? 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We get the markets open We get the s and p is up by 10 right now pulling back a little bit on the unopened right now We get the nasdaq 100 up 29. We get the dow up 112 We get the russell up by nine points right now. We jump to commodities crude back and off a bit 79 53 We get the gold contract sitting at 1865 this morning. We jump to notes and bonds with the market open A little bit of a pullback in about the last half hour to hour 8 30 a.m We were up there at 130 26 right now You get the 10 year positive by one tick on the session at 130 18 And let's jump around to some of the stocks. We'll start it off with tesla Always interested with the action because folks talk about some volatility tesla shares down 1.6 percent But keep your eye on that one because you're still talking about a valuation right now of above a trillion I think what are we talking about? Yes 1.02 trillion dollars for tesla shares this morning down 1.6 percent All right, let's jump around to some of the retail stocks. We talked about it. We get walmart numbers. They are out on tuesday Excuse me They're talking about walmart. They're talking about walmart in the den Partying it up at walmart on saturday night coming into holiday season kudos to uh braving that environment But yeah, we're gonna find out a little bit about walmart as they come out with their numbers pulling it up on tuesday So we got walmart on tuesday jumping over to the analyze tab We'll be talking about a five dollar and 38 cent move for walmart priced in to their numbers now That is the move priced in for the earnings you look for the week, right? It's basically all their earnings You got a five dollar and 94 cent move for the options expiring five friday five dollars and 38 cents of that move Priced into the earnings event happening on tuesday and jumping over for the earnings. There it is november 16th They'll be out with their numbers tomorrow We jump to tyson foods. I spoke of they will be out. Uh, they out already. Yes, they are out already. Excuse me That's right. We went over them Advanced auto parts are they out already or after the bell tonight? They might be after the bell tonight Yeah, we get advanced auto parts after the bell tonight You're looking at a 13 dollar move for a 240 dollar stock for advanced auto parts the other one on tuesday So back to tuesday. We got walmart and we get home depot. That's going to be a big one tomorrow Home depot we're opening basically flat now. These things have had quite a run man. Check out the run for home depot, right? You back it up to june. We're at 2 99 We're trading at 373 let alone where we were just about six weeks ago at 3 24. We're up to three to it 373 13 dollar move not too big of a move when you're talking about a 373 dollar stock price for their numbers Also on tuesday, we get lazy boy Vodafone nettees we get Jumping over to wednesday The big stocks continue we get target. So walmart on tuesday target on wednesday Target 15 dollar move for a 260 four dollar stock. We'll be talking about we also get navidia and sisco navidia nvda They're out with their numbers on wednesday We're talking about an 18 dollar move priced in for a 304 dollar stock. I mean, this is going to be a big week Right. Think about it. You're talking about retail, right? We're talking about chips navidia Cisco target we get lows on wednesday as well lows in home depot Lows you're talking about almost a 5.5 percent move priced into their earnings a $12 move basically coming out for their numbers for $235 stock as they'll be out with wednesday. We also get bath and bodyworks We get victoria secret out on wednesday on thursday We continue with some retail. We get macy's macy says man. I'm quite a run recently We jump over to their chart man from 17 bucks back in august You were up to 32 bucks Just in the last 10 days. You're trading at 31 22. I mean my goodness the run macy's has said From the covey lows of four bucks you skip across until we get vaccine efficacy numbers in november and you take off To the tune of look at that run, man from basically five bucks six bucks. We're trading at 31 bucks Let's back this up a little bit further because yeah, you got some more highs up here You're at 31. I mean you're talking about highs of 40 bucks that we made back in 2018 Uh, maybe that's where macy's is heading. We get their numbers coming out on thursday We also get amat on thursday as well. So thing about navidia sisco amat apply, you know applied materials Uh, what else we got palo Alto networks into it Is out now back to back to uh, some retail raw stores They'll be out with their numbers. No, that's not ross. So is it rst? There it is ross Uh, they'll be out with their numbers on thursday as well. We get work day william sinoma william sinoma wsm Is that yeah, william sinoma my goodness from 26 bucks. Look at this chart to two 13 seven that's an all-time high This chart that is an all-time high as we come into william sinoma numbers on thursday as well and Friday we get footlocker to end the week. So it's a big week I mean, uh, that's almost a whole segment of the program just running over the headline Stocks that we'll be coming out now. That's a monthly for footlocker. Let's put it back on a three-year weekly COVID those are about 17 bucks. We make a high earlier this year about 65 Quite a pop though in the last six week or so from 45 bucks up to 55 We put it back on the daily for footlocker footlocker shares up today by about 1.1 percent On their numbers. Let's jump around some of the fang stocks this morning amazon shares Look at this pop amazon up 1.2 percent. I went up to coals when it when it's coals out Are they already out with their numbers? Let's see when they come out with their numbers No, so they're out thursday as well Yeah, they're out thursday as well And uh, this has had quite a run but quite a consolidation when you look we're basically back to prices We were out for coals back in march now just completely anecdotal folks. I was out there this weekend taking a look at some kids products some toys Coles has got some great deals out there bottom lines some great deals Look at I think they got and I have no coals in my account folks none no coals no bias here at all And uh coals I think they got like a 15 percent off. We were looking at Um some Like uh play kitchens, right? We got a four-year-old in the house So we're looking at a play kitchen stuff like that some of those like uh play kitchens that you can have and they had Let me see. I was I was looking on their website. So here we go Because I mean this is the stuff man. They are actually beating Okay, look at this. They're actually beating which surprised me amazon And walmart on price. All right, I'll try and even pull it up to see the exact item that I was talking about because It doesn't make sense to me the company like coals. I said I said to My fiance said how how are they beating amazon and walmart on price on a on a you know A kids play kitchen. That's about 120 bucks But they are and look at the the deals they have here. So right now. I think they had uh What are these these go 20 percent off? Yeah 20 15 percent off. I can't keep track of all the sales. They are going to take a 15 percent off with promo code shop 15, right? Taking extra 10 dollars off to your 50 dollar home purchase. I mean sales everywhere We know that that's going on but they had actually Beat amazon and walmart. So I found myself saying I can't believe I'm just about to pull up the internet I'm about to make a purchase. I'm about to do it at coals and I just price shopped amazon and walmart And they lost to coals and on top of that I think I was going to get like 15 cold coals bucks on top of that on something like that Completely anecdotal folks. Okay, they got a lot going on There's going to be a lot bigger fish in terms of what's going to come out on earnings How they're handling their supply chain how they're handling wages, right? Are they destroying their margins by offering those prices and they're going to have no earnings something totally possible But I just found myself saying I can't believe actually that I'm going on the internet And I'm going to end up purchasing Uh 100 plus item toy from coals of all places that they won out the price war versus amazon and walmart Walmart usually gets it done. They do. They're tough to beat on price amazon sometimes Not quite the same deal but coals up 1.7 percent so far to kick off the week They'll be out with their numbers on thursday. We'll take a look at some of those other retail stocks continue the conversation We'll be right back folks Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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That's tfnn.com then hit watch tiger tv Welcome back folks. We get the market sitting in positive territory pretty close to where we kicked off the session s and p's up about 10 points right now trading at 46 87 Russell give him back the gains. Look at that drop off. We're down to 24 11 You're positive by a point in the russell dow up 85 at 36 100 bitcoin holding above 65 000 right now You got gold given off back five bucks But holding up pretty well considering where we've been recently at 18 65 in gold and we jump to notes and bonds As we continue a little bit of a slide to lower price and higher yield right now You're talking about a yield of 1.6 percent. We'll call it 1.596 to be exact But we're pushing 1.6 percent right now on the tenure negative by two ticks You look where we were we were up at about 130 26 You're giving up 11 ticks from where we were at five in the morning right now on that tenure A lot of the conversation having to do with inflation Uh, and you had uh, mr. Muhammad l arian out there on cmbc today talking about the fed losing credibility over its inflation narrative I'm sure a lot would agree. Uh, his quote I've argued that it's really important to reestablish a credible voice on inflation and this has massive institutional political and social implications um The the words coming out of chairman paul's mouth and the fed talking about transitory talking about that everything's gonna subside I don't think when those words started Right when things started creeping up early this year because think about it We've had the vaccines now for over a year right the vaccines really started getting rolled out Nine months ago to the general public that they're abouts. That's when things started wrapping up You had the reopening right you had all of those influences causing some transitory price increases as the fed argued Well folks, we're coming into november right now cmbc. Uh, excuse me cbs Uh 60 minutes had a great segment last night talking about the supply chain woes. They went to some of the ports They talked about the backlogs. They talked about um those containers just sitting there They talked about how that's going to hit things. It was a great great piece Uh, if you have the ability to check it out It was last night just kind of providing some context of what's going on Uh, you look at those ports folks you look at all of those containers just sitting there. They can't move It's tough to tell how this thing's gonna Normalize anytime soon and I would agree that it's going to get harder and harder for the fed share To keep talking about the term transitory when even himself is previously saying he expects inflation conditions to persist well into next year And can see that it's frustrating that supply chain issues are showing no signs of improvement The term transitory is not two years. That's not how he was spinning that in the beginning folks Um, and I don't think that that's going to play. I mean the fear here is you're seeing some fed Some previous fed shares, all right some very very smart people out there already saying The fed is probably very worried right now Okay, and that they may have to get ahead of what's coming here in terms of inflation starts really running I mean be careful in terms of where these rates could be and that could shock the market folks if we get a real rise real quick Uh ahead of where we thought now we have the tapering going on, right? That was just announced But there's nothing to say that they can't ramp up that tapering faster than they anticipated And that would allow rate increases to come before we anticipate me on that because right now you're talking about 15 billion dollars a month The fed's going to taper it's going to take them about eight months to taper the 120 billion So we go eight months out from here. You're talking about maybe june of next year before they could start rising rates Well, that is always up for debate folks Even the chair said that himself and we're seeing it continue you get the 10 year down three ticks right now We're at 1.6 percent. You take a look at this thing on a daily Quite the drop folks from where we were in august of this year. We were at 135 16. That's when everybody um Was saying, you know, where are rates going? We going lower? No, we're not going lower folks Um, we have dropped dramatically. You have the rates back at 1.6 Volatility everywhere on this market It's just a possibility you should be pricing in because the the possibility That we get rates rising a lot faster than we might have Thought even a month or two ago is very real when you get the type of cpi prints that you're getting on a monthly basis And it looks like none of this is subsiding I mean doltry today is up dramatically because you have an activist investor saying jack your price is up people It's up 11 percent. You're at 125 40. Of course you are All right, you can't operate in that type of an environment where you're paying higher wages. You have supply issues Um jack up those prices doltry up 10.6 and I believe that's an all-time high There you go above all those highs I talked about earlier doltry up 10.6 today big numbers All right, what else we got going on folks? We got a big week at tfnn. It's perfect We got our man larry pesavento with all the volatility. We got big week a week of retail earnings out there I went over it two days from right now folks 48 hours larry pesavento He's got a live trading webinar 9 a.m. Till 2 p.m. Eastern time. All right The reason why it's 9 till 2 is larry doesn't really do much trading for the final two hours of the trading day So there's no sense in sitting in there when all the trading is done He loves the morning sessions 9 a.m. Till 2 p.m. Eastern time 295 dollars is the cost you get a free month of his newsletter fibonacci 24 7 That's a 97 dollar value right away. So that brings down the cost of somewhere around 200 bucks Excuse me And that will be our cod folks and we got a bunch of good people already signed up We larry's given access to people who paid for his last webinar in august So they'll be able to attend there'll be a good group of traders in the room bouncing questions off of larry and it's not just live trading folks He's going to be walking through his methodology That he trades with talking about abc's abcd's as he puts it If you click on the front page, you can see a full scan But what he's talking about folks in terms of trend change patterns that give you early entry into the trend How to use abcd's to generate direct market feedback and build expectations Combining four simple tools to help you find an edge The three patterns to help identify shifts and supply and demand All this will be talked about five hours. That's going to be wednesday folks We get some volatility in the markets. It should be a great day I encourage you to check it out 295 dollars and again that is archived So that's on your members page for as long as you like It's a five hour session You can go back and check out what larry was trading his charts all of that saved For you so check that out on the front page of tfnn.com All right jumping from that airlines Closing that uh gearing up for a busier and costlier holiday season, I would expect so We're all aware that fuel prices have surged dramatically But travelers have returns in droves but higher costs are stopping up more of airline revenue You could almost say that about every single sector in the market right now folks. All right We have rising revenue. I mean the fang stocks almost all the retail stocks revenue is not the problem right now Okay costs are the problem and if you tie inflation everything it's like Revenue is not a problem because companies are rising raising their prices The problem is that they're raising the prices because they have to pay more for the people that are working in their stores They have to pay more for the input costs of the goods that they're selling They have to pay more for the real estate costs of their Their stores, you know the the land the real estate the rental prices all of that going up And I imagine that's going to happen in airlines as well airlines I mean this is the one area that you could say still waiting To catch up from the covid lows in terms of you check out american right we're sitting at 30 bucks. We're still at 20 Delta had been above where we were pretty close didn't even quite make it actually delta made it up to 50 bucks We came into coveted at about 60 the domestic airlines. That's who made it jet blue Yeah jet blue made it above the pre-covid levels, but look at that talk about getting ahead of itself You're up to 21. You're back to 15 29. We pull up southwest real quick Above where we were pre-market We're back to 48 right now and the cruise ships really have a ways to go right now down to 22 for carnival We're at 50 and norwegian pretty similar action at 26 right now came into covet at about 60 Stay tuned folks. We'll be right back to finish up the show 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 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 basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30 day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Are you looking for a secured investment which pays you on a monthly basis? 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That's 877-518-9190 This segment is brought to you by thinkorswim for more information Just click the thinkorswim banner on the front page of tfnn.com Welcome back folks right now we get the s&p's up about seven points market sliding a little bit from the open right now And we're going to jump to a little bit of The china home market the woes continuing the headline out here from bloomberg china home sales China home market woes deepen as prices sales fall further. You never really quite know what's going on in china folks China's home slump deepened in october as declines in prices sales and property investments Widing and in pressure on authorities to stabilize the market check this out When you look at new home prices fell again in october after the first drop in six years China does not want drops folks if they are Allowing drops that means that they've lost control for sure because if they could control this market The last thing they would be showing is drops in new home prices in october for the first time in six years And those drops continuing you had a 0.1 drop at the end of september You now have a 0.3 drop at the end of october come on select there it is the end of october And you look at the trend the trend is not your friend in this market folks be careful And we've heard the evergrande right reverberating in terms of that market The slowdown in the property sector is the key risk to the metro macro outlook in the next few quarters That's uh one chief economist uh writing in monday falling prices made to suede home buyers concerned about the value of their assets Making it harder for developers to sell properties Generate cash it can reverberate everywhere over in that market and their market could reverberate Over here folks so be careful of that one keep your eye on that one But china having some problems over there in a big way All right, let's check out some of the commodities as we wrap things up right now. We jump over to the crude contract All the talking crude right now in terms of supply. Are we going to push out some of our reserves? Nonetheless, you got crude down at 79 74. We were up at 85 bucks earlier last week Quite the decline but all things in context folks You take a look at crude on a daily Uh, you go back to 40 bucks a year ago. You're trading at 80 bucks You were as recently as august at 61st You're still 33 percent folks in less than three months and you talk about a healthy pullback You can make it down to 76 bucks and you're still dealing with a 382 is all you're back to for the run We had starting in august Thanks so much folks. Don't forget about larry's webinar wednesday check it out on the front page of tfnn our man basil Chapman He's up live next larry at 11 live programming all day folks