 The following is a presentation of TFNN the morning market kickoff With your host Tommy O'Brien Good morning, everybody. I'm Tommy O'Brien company live from TFNN Wednesday morning 9 0 6 a.m. It's fed day folks 2 p.m. Eastern time. We'll get an announcement tapering Expected to the tune of about 15 billion dollars a month from the 120 billion that the Fed is doing right now rate rates Expected to say the same with that we start things off right near all-time highs made yesterday almost across the board You look at where we were 46 27 in the S&P's we're trading right now negative by five points in the session of 46 18 We've got some big companies moving With earnings in a big way overnight Nasdaq higher. We almost make 16,000 overnight taking a look at the daily quite an acceleration I mean talk about remember the woes of September you just back things up to the run that the Nasdaq 100 had since May We trade up to a high in early September about 15,708 We're about 300 points above that level folks were 2% above all-time highs in the Nasdaq let alone We traded down to a price point of 14,367 folks you're up like 10 11% in the Nasdaq 100 over a period of just under a month October 4th was the low we're dealing with November 3rd right now remarkable Jumping back to the Dow Dow 35,971. That's a high yesterday I think we got 36,000 potentially on the cash at the time and the Russell just off the all-time highs I mean look at that. We're about 10 points away from all-time highs made back in March March 15th was the high in the futures of 2366 we've been in quite a consolidation in the Russell for the better part of about nine months The Russell pushing the upper boundaries of that consolidation area pushing all-time highs as well There's a good possibility we could get all-time highs on all four markets today with the Russell Just 10 points away for the first time in seven to eight months Bitcoin backing off a bit. We reached 67,000 couple weeks ago We're currently trading at 62,860. There's your daily on Bitcoin. We got crude trading lower today a little bit of a pullback We'll get into that in a moment. We talked to our man Teddy keg stat from forex-trading-unlock.com at 40 past the hour We'll talk to Teddy about some forex. We'll talk to him about some commodities We'll talk to him about that crude market as well gold contracts backing off a bit gold dropping We got 80p numbers this morning. We have some other economic numbers gold dropping from 1786 to 1774 You're negative about 14 bucks on the session right now Silverstone 13 pennies You see a little bit of sell-off there as well Private payrolls with a big beat in terms of 571,000 we'll get into that number in a moment as well Notes and bonds flat action ahead of fed day. You're talking about a 10 year right now Excuse me 1.54 percent 1.544 to be exact 1.54 percent the yield on the 10 year We got the 30 year up 11 ticks at 160 104 a little bit of a divergence Whether you're talking about the 2 year 5 year 10 year 30 year etc as those curves There's your action on the 10 year you put it back on a daily you put this thing back on a 5 year weekly for some context We make it to a high of 140 24. That was the kovid lows of the market. We'll call it march of last year You see the pullback here. We've been within a trend Lower prices in terms of higher yields and interesting when we have fed day going on right now the 10 year flat Pops possibly awaiting that 2 p.m. Eastern time announcement and we'll jump over to the volatility index 1617 currently in that vixx right now All right, let's start it off with fed day fed to taper bonds and show patients on rates That's the expectation Federal reserve is widely expected to announce the reduction of asset purchases at the conclusion of its policy meeting wednesday That's 2 p.m. Eastern time. You'll have a press conference with chairman powell at 2 30 p.m. Eastern time Uh, this is all about expectations in this article. We find out the reality at 2 p.m Today, but chairman powell will likely say it's not a step toward raising interest rates anytime soon as in they're gonna Reduce asset purchases, but he said many times that that does not mean that we are near Rising rates. There's a big difference in his mind in terms of reducing the asset purchases Versus what it will take where they actually need to start rise raising the interest rate FOMC is all but certain to hold rates near zero after the two-day meeting and announce a 15 billion dollar monthly reduction in bond buying From the current 120 billion That'll put it on about an eight month pace to do away with the entire 120 billion dollar Monthly purchase that they have going on they're gonna taper that they're gonna do it in about eight months Eight months at 15 billion dollars that gets you to zero on that program That comes out at 2 p.m. Today like it or not hikes are priced in number of hikes priced in You look at what we're talking about here Whether you roll out to next year Right, you see the rise in a pretty dramatic fashion Uh, february 2023 folks that is not that far away just to put things in context. Yes, it's 2023 Within two months. It's going to be 2022 and within february of 2023 You're talking about 2.5 rate hikes priced in you can see where we get Yet into november and we're pushing 1.7 rate hikes. I mean what's going to happen Are we going to see two rate hikes next year? That's kind of the conversation going on right now Vast majority vast majority of economists in the bloomberg survey expect the fed to reduce its monthly purchase of the treasuries by 10 billion And mortgage backed securities by five that equals to 15 wrap up the process by the middle of 2022 FOMC is likely to include a caveat that it could speed up or slow down the taper in response to economic developments That's pretty standard language from the fed right saying that uh, nothing's locked in stone usually depending on how the economy reacts especially right now And yeah, he's going to separate the tapering decision from the rising rates It'd be interesting to see how he walks that one in a big way But that fed out at 2 p.m. Eastern time today. All right with that in mind Let's jump to some of the stocks that are moving on earnings this morning We'll start it off with a meme stock bedbath and beyond Stock surge revives retail trader mania talk about some short squeezes going on Bedbath and beyond we'll pull up the chart first bbby is their symbol And there's your volatility on their uh spike from 16 and changed to 32 last night. You're trading at 26 Uh 55 the day after releasing plans to help its turnaround the advanced Triggered gains in the original meme stock like amc Excuse me. Now this had a huge short squeeze as well. I wonder if they have the number in here Uh, I don't see the short squeeze number, but it was a big one And surprising that people are still getting Caught a little bit short in terms of these stocks. Nonetheless, you got bedbath and beyond skyrocketing to 26 67 You were at 16 dollars and change last night quite the run now on the flip side of that You got zillow and the pain is just not stopping pretty harsh Stuff coming out on their earnings last night. Now you had already traded from 104 this week down to 74 today you had already traded down to 87 you already give back dramatic Gains in this stock. Let's put it on a three-year weekly for some context here Talk about getting ahead of itself up to 208. You're going to open today at 73 folks 73 You came into coveted at 67 think about What the market has done Over the last year and nine months and you have zillow barely positive from from a price point of 67 And the week of february 17th now they come out with earnings that disappointed Uh, I imagine disappointed that's kind of when the market fell off as well You see the cascade at 20 dollars But you came into 2020 at 50 bucks and you're going to be at 73 with everything that's going on in the real estate market It seems like they should have been able to better capitalize on that acceleration But man, they have not and guess what folks zillow Where are we? It's closing its home buying business cutting 25 of the workforce and earnings mis estimates We'll chat about this a little bit more after the break. We'll be talking to our man kevin hanks from TD Ameritrade fast market Stay tuned folks. 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We get the s&p's negative by five points right now right near the all-time highs We made yesterday nasdaq 100 positive by about 22 the dow negative by 71 Let's jump over to our man kevin hanks every trading day folks noon eastern time on tiger tv The td meritrade network fast market kevin hanks tom white the team at the tda meritrade network walking you through the market action Talking about hypothetical trade setups. It's earning season We've got a bunch of economic indicators out this morning and it's fed day on top of it all kevin hanks. Good morning Good morning, tom. Yo, brian. Yeah, today's a big day. That's for sure. You know, I think this market will You keep its powder dry during the day because you know, let's face it what your own pile is about to lay out is pretty historic in terms of Capering away from asset purchases. So it should be kind of a slow day up until You know 130 uh chicago time 230 eastern and then I think things will get a little hectic after that tommy Yeah, pretty cool. So the expectations and it almost seems like everybody has it's figured out to certainty and chairman Powell's given pretty bold uh strong indications of what was coming down the line Maybe in terms of those asset the tapering of the asset purchases Seems like the expectation is maybe it's going to take about eight months. So they take off 15 billion dollars They're doing 120 billion right now. Maybe it takes eight months or so to eliminate that A lot of people looking for the conversation in terms of how he's going to walk the line kevin between Saying the economy is well enough off that we do not need the fed to be purchasing these assets Yet, we're not even close to where we're going to be where we need to be to raise interest rates How do you see him kind of walking that line as he has pretty well over the last year and a half or so? But that's going to be a fine line as we move forward kevin as he tries to argue that The economy and the market doesn't need the fed in this one role But we still need the fed in the low interest rates and we got a strong adp number this morning for private payrolls ahead of friday I'm sure he might get asked about that as well Yeah, I think you just touched on what I think will be one of the key messages from today, which will be differentiating between Stopping asset purchases and raising rates. I think he'll make a clear Difference between the two one doesn't lead to the other and there is I mean I think he'll talk about that there's no imminent plans to raise interest rates, right? If you think about it, they're tapering from As he stated into the middle of next year Well, that implies right there that we're not raising rates during that period So I think that's what he'll make crystal clear today is don't connect the dots between reducing asset purchases and raising interest rates because You know, he'll make that very clear But you know, he's got good data today to talk about he'll you know, we'll see what the data is on friday But today's going to be interesting tommy for sure So speaking of interesting kevin, we got some stocks that are moving in a big way We got some earnings man one of the original meme stocks itself best bad bad bath and beyond excuse me Up almost a hundred percent out of the gate last night kevin. They were up like ten dollars this morning Some of these companies it doesn't stop and I'm just going to jump to zillo And get your take a little bit on zillow man. They had earnings last night And pretty remarkable in terms of I guess the algorithms not quite working out at zillow Man as they're cutting that whole program for instant buying across the board This stock man, I just pulled it up kevin. It was up to 208 pre mar earlier this year We're going to open at about 73 this morning really remarkable in that housing market How strong it's been that zillow kind of faltered in such a big way there Well, I think zillow, you know, we we covered it yesterday on fast market and yeah Yeah, this is a pretty big unforced error on their part not only that they Admit that they didn't do it. Well, but to completely exit is more than most people expect it They expected a pause maybe retool and figure out what they did wrong But they're exiting the house purchase and now they've got 7 000 homes to sell to raise 2.8 billion through the math. That's about 400 000 per house So I heard you say that on the program and that should weigh on the stock Tommy I heard you say that yesterday and I hadn't even done the math and I said my goodness more than 400 grand A pop they got they got some hefty hefty price tag houses on the balance sheet man And you know the one thing you can't say is at least They see the writing on the wall man You cut your losses you move on right as opposed to trying to save a program that just is not working Because if it's not working in this market over the last, you know Two years or so since they've been doing it How's it going to work when the market might stay the same or even move lower? A lot of issues they probably weren't imagining when they did that though Kevin in terms of supply problems They can't hire you know workers to fix the houses up, etc That housing market. It's not as simple as just buying a product selling a product, etc With that in mind, so we know it's fed day Sure, we'll have a discussion on your program about that to some degree But man, we march on an earning season. Uh, what are you guys going to be talking about on the program today, Kevin? Yeah, our first segment we'll talk about Roku And then like fully old do a presentation on etsy And then we'll trade qualcomm in the final segment of the show So three really good names to look at today with really three different stories, frankly So yeah, great show plan for today a lot of good back and forth discussion I love it man and roku. I was looking at this one yesterday talk about a double top Kevin this year At about almost 500 bucks almost made it twice in february almost made it back up there in july I have a little roku in my retirement account man long term. We got like four or five roku's in my house, Kevin But that stock like many got a little bit ahead of itself in terms of the earnings multiple We're back to 315 from 490 earlier in the year. Like you said etsy qualcomm They keep coming this week man In a big way Kevin we appreciate the conversation as always man. We look forward to the show at 12 noon today We'll be watching Thanks for having me on Tommy. Have a great day Always a pleasure man folks tune in 12 noon 12 noon eastern time today Kevin hanks tom white going to be an outstanding program you heard it They're going to be talking roku etsy qualcomm we got a bunch of earnings jumping into it And we're going to jump to the next one right away right away CVS out with their numbers pulling it up up about two bucks I saw yeah up about two bucks cvs up to 93 50 jumping back to their numbers cvs health as they like to be called Earnings gets a lift from covid vaccines and prescription volumes drugstore chain raised its forecast with the year adjusted earnings $770 to 8 bucks. That's up slightly from 770 to 8 8.5 million covid tests 11.6 million shots during the three-month period You get into the numbers a buck 97 versus a buck 78 and how about the revenue on this one, man 73.7 billion versus 70.5 folks that is 3.3 billion dollars extra revenue in 90 days It's almost almost Your brain can't process the numbers you deal with folks 3.3 billion dollars extra revenue in 90 days percentage wise Yeah, that's less than a 5% bump in the revenue than they were expecting. All right, but third quarter net income 1.59 billion Or buck 20 a share I don't know why that's saying down from that would be up from 1.22 billion or 93 cents a share a year earlier Excluding items a buck 97 big numbers for them. We went in with the numbers in terms of what they're getting in terms of Tests and vaccinations Yeah, cvs trade and higher taking a look a little longer term chart on cvs. We're going to open at about 93 You see the acceleration. We kick off this year at 75. We kicked off 2020 and almost 75 bucks as well You back things up a little bit further. There's your five-year weekly and we'll take a look at the monthly folks 113 it was back to in 2015. We're going to open about 93 bucks today But all things considered quite a turnaround the lows of november cvs trading higher in a big way All right, folks. Stay tuned. That's quite a monthly s&p chart, right folks Folks, when you look at this market, okay, I didn't even plan on but take a look at this monthly Since 2008 it's been a one-way trip folks. That's 13 years ago Yeah, you had to weather a couple pullbacks there, but really you're talking about from 676 bucks to 46 18 and 13 years Be careful out there. Have those stops in stay tuned folks. We'll be right back for the open Are you having fun trading the markets? 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We get markets open We get the s and p is negative by six jumping over to some of the stocks with action last night See how they're opening zillo getting a slight bid still down 13.2 percent man. You go back You're down 25 percent from where we were to start the week think about that down 25 percent And i'm not even counting this acceleration you got at the end of friday. We ended last week at about 100 We started off this week at about 100. We're trading at 75 bucks. That's an easy 25 math down Kathy would she's doubling down Uh on zillo yesterday 288,000 shares purchased on tuesday Now the tough part reading articles before even kathy would Really accelerated higher and her arc innovation Etf based in coming st. Petersburg, florida Before it really, you know, she became the superstar. She is now whether you're liking or not for sure Uh a lot of articles talking about how hard it was going to be as that fund gained so many dollars under management because unlike other hedge funds where they can Only file maybe every 90 days past the quarterly number She has to announce on a daily basis when she's buying and selling and many times the funds when you're dealing with that level of money Various student investors can either figure out when you're building a position When you're selling a position off they can front lead you it becomes very difficult to manage that much money Especially when you have to update your positions almost on a daily basis now last night 288,000 shares It sounds like a substantial amount of shares things like 25 million dollars or something like that she put into it That trade Already down 12 bucks per share. So you're talking about what is that a three million dollar loss that are thereabouts? Well put everything in context folks all she's doing is adding to her position of 7.1 million shares So she bought 288,000 she's dollar cost averaging down because it's a tough position and she believes in the company And uh, whether you like it or not she has conviction in some of those buys whether it's tesla, right whether it's uh Zillow for instance. I mean look at tesla. She took some serious heat in tesla this year You look at the year we've had tesla started off at 722 made it up to 900 and at one point It was under 600 I mean skipping around 600 for the better part of four or five months almost before tesla skyrockets to 1189 Nonetheless she's dollar cost averaging down but already that trade suffered a three million dollar loss As it opens down 14.9. It's not stopping folks watch out for zillow and as kevin said You know just a complete blunder in management and they obviously did not do their due diligence to make sure that the computer AI program that they were using to buy and sell houses was working properly On you're talking about billions of dollars here in a big way now zillow you pull up the analyze fundamental tab for a company like zillow We're talking about an 18.8 billion dollar company At this price tag. Well, I just said we were at 208 folks. All right, you're almost One third the size of the company that you were at 208 That means what we at 1836 54 you're about a 54 billion dollar company at the highs earlier this year You're now an 18 billion dollar company. You've lost 36 billion dollars in market capitalization Part of the reason for this acceleration was that hot home buying though, okay? So maybe you you call it you take that out because it was not real It was not going as well as indicated in the first quarter of this year when they came out with their numbers But nonetheless you still got cut in half from where we traded for the better part of january All the way through april we're trading at 73 bucks and next stop might be february We're talking about 60 bucks in zillow. That's only 20 percent where we're below right now and you're down 16 percent today Let's take a look at bed bath and beyond see how they're opening up up 36 percent. Give him back some of the gains though Yeah, we trade up to 32. We're back to 22 checking out some of the other stocks that have been a little crazy this week How about avis avis car up to 545 yesterday? We end the day at about 350 We're down 11 percent right now still trading at 318 dollars for avis shares symbol car All right jumping around what other stocks we have moving this morning in terms of stories Let's take out the private payrolls before we jump around as well 571 thousand added in october on jump in hospitality hires topping estimates the market was looking for 395 So you're talking about almost 200 000 extra jobs leisure and hospitality as to be expected led the way 185 000 new positions large businesses were by far the biggest creators Not sure if that's a good indication for our economy overall And I say that because there's a lot of small businesses that were hit the hardest during the pandemic Those were the ones we would hope in that through stimulus You keep the key in the door you're able to turn that key when things come back you open it back up Large businesses did fairly well during the pandemic, right? They were able to adapt They were able to gain access to capital Grow their online business invest in online Retail large businesses adding 458 thousand that would be in small businesses or medium-sized businesses You're only talking about an ad of 113 thousand jobs in there That's a little dicey when you look at the implications of that But professional and business services 88 thousand trade transportation utilities 78 education and health up 56 on the goods purchasing side Which added 113 thousand you had construction up 54 and manufacturing contributed 53 Businesses with more than 500,000 employees 342,000 fewer than 50 workers. There's 115 in medium at 114 Yeah, and that is ahead of the non-farm payroll number on friday the market will be looking for 450,000 on friday morning Okay, let's jump down the line some of the other stocks That we have moving today. We talked about cvs. Humana. They are moving today in a big way Is their symbol? Check it out. Humana. They're talking about it. The den. Oh, it was down. No, we are positive Look at that folks down to 423 whatever they're talking about on that conference call in the last 35 minutes Since i've been on the air Accelerating higher humana actually positive now their numbers adjusted early quarterly earnings 483 They beat 466 revenue beat the street forecast on the strength of humana's medicare advantage business Nonetheless, something was in there that sent it lower, but they repaired that damage on the open Uh, Norwegian cruise line. We have someone Norwegian in my newsletter rocket equities and options folks If you'd like to try it out check it out on the newsletter tab at tfnn Disappointing on their numbers though down 3.6 percent down to 25 83 after trading higher earlier this week on Norwegian They're Norwegian they had to say Wider than expected loss revenue fell short of analyst estimates It did expect positive cash flow in the first quarter of 2022 and expects to be profitable in the second half Of the year as they are trying to build their turnaround now You want to see what we're looking at here folks why we are in this in my newsletter? You know you got to set your stops in these travel stocks folks We got to stop and it's not too far away from where we got into this thing in the last few weeks Okay, I think right now. We're still barely above where we got into it But we're looking at a long-term trend line. This is a weekly on Norwegian skipping across the bottom of that line right now We've been in that channel remarkably over the last year and nine months You're talking about basically since the covet lows we've traded to the upper boundary a couple times We're skipping across the lower boundary line right now at 25 92 not what you wanted to see on their numbers though disappointing a little bit As the recovery still a bit weighs off. It looks like for Norwegian. We'll jump around some of the other cruise ships right now You got carnival down about a percent. We'll jump to some of the other Airlines delta right now down marginally. You got all the markets barely in the red right now Jumping to one of the other stocks in my newsletter rocket equities and options uber A little bit of a pullback in uber, but lift out with their numbers last night uber out with their numbers tomorrow There you see the impact on uber and lift Coming out and beating in a big way and they're up 11.8 percent. Look at that. It looks like uh Potentially airport rides picking up travel business travel potentially picking up travel picking up across the board And lift seeing a lift of about 12 percent on their numbers uber with a little bit of a rise as well Stay tuned folks. We'll be back with our man teddy keg stat talking a little forex talking a little commodities talking a little prove right back Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clear water markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of Creating tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future Call tiger real estate LLC today at 727-329-83222 or email us at tiger at tfnn.com That's 727-329-83222 call us today The technology around us is changing every day with so much happening It can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology That shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for valued tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee tfnn educating investors Will the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s Directions daily s&p 500 bull and bear leveraged ETFs direction leveraged ETFs An investor should carefully consider a fund's investment objective risks charges and expenses before investing a fund's prospectus And summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus Call 866-476-7523 or visit direction investments.com A fund's prospectus and summary prospectus should be read carefully before investing An investment in the funds is subject to risk including the possible loss of principal The funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services llc Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv That's tfnn.com and hit watch tiger tv Welcome back folks. Take a look at crude crude right now pulling back about $2 and 40 cents quite a run We've had though you back it up just to august folks. We're trading at 16 61. What is the low there? 6174 up to 85 bucks backing off a bit. We're gonna talk a little crude. We're gonna talk a little forex Let's jump over to our man. Teddy keg stat. We talked to teddy every wednesday at 40 past the hour You can reach teddy every trading day folks at his website forex dash trading dash unlock.com Teddy keg stat. Good morning Good morning, Tommy So we got a lot on the agenda today teddy, of course, we've just got the private payrolls this morning pretty decent number We all know it's fed day Expectations pretty solid in terms of what's going to be happening with a little tapering going on in terms of the assets Rates staying the same as the expectation We find out at two o'clock press conference at 230 and we got a little bit of a pullback in crude this morning What are you looking at first in this market teddy in terms of whether you're talking forex commodities and fed day Uh, well today it's fed day. So always right now. It's pretty much a sleepy day after this I'll be running some errands and stuff like that and then going by the fie expo downtown because it's going to be a dead day Now does that pick up you think after the fed announcement or I'm sorry. What do you say? Yeah, absolutely. I think we're just I think we're just waiting on 115 And then after this afternoon once the evening markets open up again That we're going to have the currencies free flowing again. We're going sideways right now I mean you got the u.s. Dollar yen is looking to still break out to challenge resistance But it's kind of just sleepy creepy right now because of the fed day I think with oil pulling back slightly a little bit today and bonds being kind of mixed. It's a fed day It's going to be a choppy sideways day. I've used a lot of caution but Overall, I'm still bullish the u.s. Dollar yen. I'm looking for a breakout to the upside now And again, I think 116 is really really viable by the end of the month And 122 I think is on the table still for the u.s. Dollar yen by the end of uh, December and the january You know, but right now today, it's a sleepy fed day You know, I mean I would watch the oil numbers. I think that the pullback right now is just a short term little Profit-taking move. I think that you got the oil numbers today and after that within the next couple days We'll see oil probably bucking up against resistance again And that's the thing that's going to help drive like I think the u.s. Dollar yen trade and stuff But as as a whole the currencies if you're trading the forex markets today, it's a sloppy trade I mean everything is kind of like I mean the dollar index is if you're using that as a gauge is not a good gauge Because that's showing dollar strength, but it's really mixed across the board You know, you have a weaker euro u.s. Dollar right now You have a little bit of strength in the pound u.s. Dollar You have a little bit of indecision in the u.s. Dollar swiss, you know, so Unless you're working in position already I would say wait for a signal in most of these markets until we get the fed fed day is over. Actually, that's what we need to do and let's just assume that Chairman paul comes out and basically says what's expected and i'm sure he's going to have some words in terms of How he's bouncing the tapering versus no rate rises anytime in the future. Those are all the expectations Are there any markets that you see potentially getting the most volatility out of Chairman's Press conference this afternoon or how does that usually play out in the forex markets of what will be hit the most? I know the dollar of course, but versus the other cross rates in that market Well, the way I see it is I agree with what you just said I think that there's going to be nothing new as far as what the fed is going to do today As far as what they're going to say Obviously the tapering and what have you is on the table So after today though, I think that the market's not going to like what the fed is doing You know so because it's more the same The fact that we can guess pretty much what the fed is doing every meeting It doesn't say a lot for as the fed's influence on the markets And I think what you're going to see after today is like right now You see a little bit of a pullback in the in its 30 year in the 10 year a little bit of strength But it's really indecision and I think you're setting yourself up for a head fake Especially as we come into the oil numbers the unemployment numbers claims tomorrow after the And also unemployment on Friday So I think between this afternoon and Friday morning You're going to see a head fake in the bonds in the 10 year and start to see them slam lows again and start trending lower That I think will give a lift to the dollar which will help with the u.s Dollar yen trade reinforce that as well as if oil unless there's a big sell-off in oil You know, but I'm looking for a break in the interest rate market after this meaning higher rates And giving a lift to the dollar versus a lot of the currencies So especially versus the euro right now that it's just it's really struggling right now I don't see very much any chance of seeing a real strength right now I mean short term we got a sell signal on the hourly basis But even on the daily basis the trend is kind of your friend I would use cautious with the pound the pound u.s dollar even though it's hitting these lows It could bounce back like a balloon under water You know so But yeah, I think really what we're going to see right now is that after today We'll see how the oil numbers and based in mostly unemployment how that Impacts things and if the bonds don't like that and that really sells off I think it's going to be hard to beat the dollar bulls, you know So I but I would use caution watching the dollar index for any currency cross as far as dollar strength Look at the interest rate markets and the oil markets for clarity I like that wrap up man. I agree with a lot of it. I do Crude oil. So just jump into it and I referenced it briefly before talking to you man And the the the pullback today does look substantial. You're down 2.6% right now. I got light sweet crude at 81 72 But just for some context, I have a chart up here teddy on a daily basis just going back to august And it's basically no pullback, you know from 62 dollars up to 85 That even if you're dealing with a 382 retracement it'd be 76 bucks of 50 percent would be 73 A lot of strength in that market, of course, you're going to get some negative days in there And really that seems to be based off just a little bit of risk Variables in there in terms of maybe something comes out. I was reading one thing this morning Maybe the us taps their reserves or something like that But as we all know, um, the market forces in that crude market man are much bigger than uh, the u.s Tapping their reserves to kind of quell what's going on across the board. It seems like teddy, you know I run into I was in publics the other day, right? They didn't have one thing I liked everybody whether it's the the butcher in publics, right to the cashier is talking about supply shortages, man Which is pretty remarkable in terms of just what's going on in the economy and that we just can't keep up right now It seems like is that how are you feeling out just in your known normal day life in chicago? Absolutely what you said right there, you know, I've been watching I'm a cost go customer. Okay. Nice and over the past year I've noticed how, you know, they used to have a lot of everything Now they have a lot of staples, you know consumer staples like everything from toothpaste to things like that But when you start looking at the food actually There's a lot of things that they don't carry anymore that they used to or they're really starting to cut back on supply Like I remember like for instance the salmon little cut little squares and these little packets that they sell at every cost Go okay in that little one freezer thing It would be a huge end cap, right now You have two little boxes if you're lucky and you're lucky if you can get those And this is at multiple cost go stores because I depending on when I'm traveling in chicagoland I'll stop at one on the way home or whatever, you know And this is not just reflective of one. This is multiple ones So if that's any indication of what cost goes doing and they're a big buyer, you know And I think that this is really starting to no one can deny that their shortage is out there that things are disappearing And I think that besides the fact that the cost of things is going up People are starting to wonder like am I going to be able to still buy this product that I like six months from now? Let alone three months. I agree man. I know and I agree and that contributes to everything in cost Quite a charge for cost man. They just they can't sell enough right now. Talk about just making 502 remarkable Well, teddy, we appreciate the conversation As always man, we look forward to having you on next week and uh, you have a great week, man We'll talk to you next wednesday Oh, he's cutting out a little bit folks. Check out teddy's website. Thanks teddy, man. Take care. I appreciate it Check out his website folks 4x-trading-unlock.com. I always love that conversation. 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Let's check out some of the nasdaq stocks adding 1.7 percent remarkable the tesla Just sitting right near 1200 bucks crazy action amazon little bit of a pullback this week down to 3300 After their earnings miss last week, we jump over to apple apple shares rebounding nicely I mean remarkable folks if you think about going into last thursday, right if you said uh Think about the fact that potentially you're gonna have two of the biggest companies in the world miss in terms of apple And amazon there's where we ended thursday trading apple and amazon come out with their numbers We trade down to about 15,650 folks were up 250 points From where we were trading prior to apple and amazon now one company that's putting a lift in that in a big way Check out microsoft man microsoft since last thursday is up from 323 to 333 adding almost 3 percent We make another high on microsoft all-time high it is this morning We jump over to google shares google trading at 29 20 we jump to social media facebook or meta As they like to be called up about half a percent This is going to be an interesting one to see how it plays out folks the metaverse it is common And it's crazy that it is right virtual reality. It will be the future to some degree the amount of capital It's going to take it's just going to be substantial And then the next thing out there is thinking about how a company like facebook might be trusted in that arena Because when you're in vr There was a story yesterday that talked about facebook has almost like a type of skin a suit that you could wear Like a skin to put on your body to increase sensitivity to really have an immersive vr system And it's joking with my friends who's ready to wrap their body in a facebook suit Not me folks not me at all Apple for instance and listen there's the haters out there for apple. There's the fanboys But you talk about trusting of personal data Apple leaps and bounds ahead of a company like facebook and when you start talking about wrapping yourself in a skin like a body suit And that facebook's going to be basically monitoring every part of that They have some hurdles to get over and that's why they're changing their name folks. So we'll see All right, folks. Thanks so much for tuning in starting your day with me. Stay tuned We got our man basil chatman. Thanks for basil filling in yesterday We got our man larry coming up at 11 and guess what folks larry He's got a live trading webinar coming up one week from today. You can check it out on the front page of tfnn He's going to be launching it at 11 o'clock today folks. It's already up there Live training with mr. President though one week from today November 10th. See you folks. Basil's up next. Have a great wednesday