 The following is a presentation of TFNN. The TFNN Bull Bear Trading Hour. Every trading day, live at 10 a.m. Eastern. Call now. Toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Trading Hour. Now, Tom and Tommy O'Brien. Good morning everybody, I'm Tommy O'Brien, coming to you live from TFNN headquarters in St. Petersburg, Florida. It's Wednesday 10 a.m. Eastern time, 30 minutes into that trading day, and we got markets starting off to the upside. Dow Jones right now up 247 points, trading at 26,209. We get the S&Ps up 25 points, trading at 2924. NASDAQ up 81 points, trading at 8,029. And the Russell up about 12 points, trading at 1510. We got some earnings this morning. We got Lowe's crushing it. They're up big target as well. Let's just jump over to those two charts this morning so you can check it out. We're on a five-minute chart on the Thinkorswim platform right now. Lowe's up more than 10% out with their earnings at 6 a.m. We'll dig into those numbers later in the show. But right now, up almost $10, trading at 107.85. And man, you want to talk about crushing numbers. How about target? Up almost 17% reached a high of $101.50. That's an all-time high for target, as they seem like they are well positioned to rebound in that retail sector up about 17%, quite a number for sure. On the flip side, you had Tollbrothers last night with their earnings. They're in the premium housing market. They come out with their earnings last night. You actually get a spike up to $38.72. Tollbrothers backing off down almost 4% right now at $35.48. And to jump through some of the equities markets, the indices, there's your Dow 30. We've kind of been hovering right where we are since after the open, Nasdaq 100, pretty similar action, S&Ps as well, and Crude, above $57 briefly this morning, back under that level, and Gold, trading at $15.1274. We've got Fed Minutes coming out at 2 o'clock today. Should be an interesting day with lots going on. With that in mind, let's jump over to our man Kevin Hinks from TD Ameritrade at Thinkorswim. Folks, right after this program, 11 a.m. Eastern Time, Fast Market, Kevin Hinks, Alex Coffey. Man, they break it down. You want to talk about defined risk in these markets. You want to talk about action in the option market. Kevin Hinks, good morning. Good morning, Tommy. How are we doing? We're doing well, man. Another day, another upmarket, Kevin. Earnings all over the place target. Quite a number, man. We talked about it a little bit yesterday with Walmart, Amazon, and so forth. And man, target, they really crushed it. 17%, Kevin. I woke up this morning, took my head, said, ah, look at them crushing the market, and I wasn't even there. You know, Tommy, this is exactly what you started your show with today. Target, Lowe's, Toll Brothers are exactly the three stocks that we covered yesterday on Fast Market. Right. And we went through the scenarios of all three. And really, the most surprising, frankly, is Toll Brothers. Yeah. Because Toll Brothers, remember, their average selling price is about $824,000. So these are luxury homes. I was really... They're not your first-time buyers in the 2, 240, 260 range. Yes. These are $800,000 homes. It's a staggering average. That's a really good sign from them. Yeah. And then the other, obviously, target, you know, we always talk about Amazon Walmart, Amazon Walmart, right? We throw Costco in there. Very quietly, Target has carved out their niche. As that plays, you can go, it's a little more upscale than Walmart, but not crazy like some of the full-price stores. It's still considered a discount store, and they've put a bunch of investment into their infrastructure, into their stores, and, wow, it looks like it's starting to pay off. And then Lowe's, Lowe's actually looks like Tommy. It's starting to... Even though Home Depot had a blowout quarter, it looks like Lowe's is improving against Home Depot, and that's why their numbers are so strong. It looks like Marvin Allison is really changing the culture of Lowe's. Yeah. Quite a rebound, man. 11 percent. And of course, Home Depot, like you said, doing well as well up near those highs, but Lowe's crushing it. Back to Target for a second, Kevin. It is remarkable, man. I mean, all-time highs. And I agree that they, in my mind, and I think in a lot of people, they're brand awareness, right? That they are a little bit of a better brand in my mind. In terms of versus Walmart, you're really going discount. You know, you're really aware of price. Target, maybe a little bit of a better in-store experience, which has built that brand a little bit. But I was talking to Tom a couple weeks ago, which is why I kind of shook my head up, you know, 17 percent, not to say you saw it coming. But I said, man, these companies, in terms of Walmart and Target, are really figuring out that they have to compete with Amazon in terms of free delivery of some sort, whether it's one day or two day, they have to compete on price, and eventually it seems like they're going to get there, right? And it seems like they almost might be there right now. And you know, those executives, they understand that they have to compete on delivery, they have to compete on price, and it looks like that they're coming around that corner. Tommy, look at the e-commerce sales growth of both Walmart and Target. And both of them are north of 30 percent earning, you know, e-commerce growth, which means, you know what that means to me? That tells me that the front of their store, right, where people walk in and buy is getting smaller, and the back of the store where they ship from is getting bigger. Definitely. And as that back of the store starts to eat forward, you're going to see e-commerce take a bigger chunk out of all these companies' earnings, and I think you've got to pay attention. There's, if we've learned anything, the last two quarters in the retail sector, Tommy, there's going to be winners and losers. And the winners are winning big, and these numbers they're putting up are game to it. That's right. Yeah. I mean, you say so well, not to interrupt you, man, but I said, you know, I kind of, we were having that discussion. You know, I was saying, you know, Walmart, they've already had their run. Not really. You know, they're still doing it, but man, they have been doing well versus Target. Now they're at all-time highs. I didn't expect them to be up 18 percent, though, in one day on their earnings. So just staggering what they've pulled off. Yeah, I thought they'd be good. Even I didn't think they'd be this good. Right, exactly. So we have five minutes today, Kevin, at two o'clock. We've got Germany issuing for the first time negative debt. You actually have President Trump out there tweeting that he's upset that we can't issue and get paid to issue debt in the same way. Germany, you've got to understand that. What are you guys going to be talking about of all the things we've got going on in the market today? You talked about the three stocks that are really moving yesterday. What do we got coming up with the program today? Well, today we got more retailers. You know, this time on the calendar each quarter is always going to be about the retail sector. So we're going to cover J.W. Nordstrom, Dick's Sporting Goods, and maybe if we get to it, a little L Brands. Okay. So those are the three names, but really a lot of this market, especially in the afternoon, is going to get taken over by the Fed minutes, and then all the comments coming out of Jackson Hole are really going to take over this market for the next two and a half days. Yeah, Powell. And especially as, you know, it's a repeating theme, but I pulled up this morning, Kevin. I mean, the German, they're talking about the German 30-year bond issuing for the first time, negative debt, right? And then you have President Trump out there tweeting even, so Germany's paying zero interest, actually being paid to borrow money. I mean, it's so true, man. It's remarkable. Well, the U.S., far stronger and more important credit is paying interest. And so that, of course, is going to be in the forefront. Pretty remarkable in this negative interest rate environment in terms of how Powell is going to play into that, for sure. Well, Kevin, man, we look forward to the program. Our bonds are so popular. Okay, Tommy. No, what were you going to say, Kevin? Our bonds are so popular because our economy is so healthy. That's why the world, not just American investors, are fleeing to our bonds. I would agree, man. I would agree. I mean, we're right near all-time highs. We're at almost full employment. And you hear a lot of rhetoric talking about, listen, if you think there's going to be a recession, that could be a self-fulfilling prophecy. And it doesn't seem like that's quite where we are just yet. But I'll look for what Powell has to say as well. Kevin, man, we appreciate it as always. We look forward to those retailers, Dick's Sporting Goods, L Brands, the whole Kitten Kaboodle folks. You saw what they talked about yesterday. You saw what they did today. Check it out right after this program. Kevin, we appreciate it, man. Have a great program. Dick, spread me out, Tommy. You too, man. Have a great one. You're right back. 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Actually, it wasn't going well, but you know when you have technical issues and they get resolved, suddenly the sun comes out from behind the clouds. The burden has been lifted, Basil. You're free at last. You're all set, man. I know those producers. We've got John and Al. Unbelievable. Alan John just worked away. We've got it done. Technology, man. You've got to love it. Folks, again, to recap, we've got positive markets. Now, right now, 216, S&Ps up about 23, NASDAQ up 78 points. To jump around to some of the stocks we touched on last segment, just rocking and rolling, lows up 11%. Target, I'm sure you heard Kevin and I talking about it, Basil. Man, quite a gangbusters number. Up to 101.50 currently trading at 196. Up 18%. Staggering numbers for a retailer of that size. And we've got Fed Minutes coming out at 2 o'clock. We have... If I was able to get on with Kevin, my question would have been with Home Depot and lows producing such fantastic results, what would you do if you were in the Fed right now? Would you lower rates? Normally, you'd be looking at this and saying, wow, there's another positive economic barometer. How can I go around lowering rates? But it has to be because of the tidal wave of international countries wanting to raise money to pay off whatever it is and therefore there's this competition for the lowest rate. It's not the U.S. It's usually the U.S. leads. In this case, the U.S. is following, don't you think? Oh, yeah. I mean, it's remarkable, man. The story with the 30-year in Germany for the boon for the first time issuing a negative yield and you're talking about Germany and sometimes I don't agree with the president but I'll pull up his tweet and it is remarkable, man, when you really look at it in terms of they're being paid and I have the tweet up there right now Germany's paying zero interest actually being paid to borrow money while the U.S. are far stronger and more important credit and I agree with that but Germany is a powerhouse in Europe. You know, I mean, an absolute powerhouse to being paid to borrow money is a mind-bending experience, I would say. It's been decades and decades that when the economy is moving ahead just very orderly, let's just say nothing fancy but it's just moving ahead orderly there's usually a demand for loans and because there's a demand for loans the price of the loan goes up so rates normally would just go up they don't have to break barriers they just move up steadily. This is defying the natural course of events for decades and decades, yeah. Yeah, and that's why I think so often you hear the conversation and so often you hear it I mean, I mentioned Larry talks about it a lot in his program before this does a great job, he put out a great newsletter this weekend, Basil, just really going in depth about the bonds focusing and he just made a lot of great points and a lot of them had to do with what the heck is going on, man in terms of how do you wrap your brain if you give somebody money and you're actually getting paying that person to hold that money instead of just holding it yourself and then you get it back. Tommy, if there is a safety factor involved if these are people or countries or you're really big institutions they don't want to buy something like gold this is just not in their vernacular but they used to paper money, they used to doing things in a different way other than to do it through metals or building or whatever it is the chances are that these people are saying we want security, we prepare to have somebody look after our money, it's like paying a guard to look after it but that doesn't make sense in the economic world but it doesn't make sense in the security world and not securities, I mean the security and safety area and that's what you can think of. The only thing that throws even a further wrench into it Basel is that you have the element of yeah, now they're all guaranteed by the full faith and reliability of the government that you're buying that debt from but nothing's guaranteed so it's remarkable that you give somebody that money you're giving them it and you're going to get less back as in a negative yield and you're guaranteed on the faith of that country which again why is it so important for a country like Germany where it's just a very reliable country same thing with the US when you look at even our own debt ceiling we struggle with continually to raise it now I don't think that would default I really hope that we never would because I'd be staggering but folks when you're giving your money to somebody else you better make sure that you understand the underlying risks even if they are very close to zero they might be just slightly above zero and how that plays in when you're not even getting paid anything, you're actually paying What you've brought up is really one of the factors that hasn't been discussed very much as far as I can tell and that is you might be getting you think you're getting your money back but there is even a chance that if there's a default which has happened historically over hundreds of years if there's a default you're looking at something rather bizarre and I like the expression where you say sometimes what's the probability of a default and you'd say it's really close to zero and I would agree with that sentiment it's really close to zero but guess what it's not zero okay it's somewhere above zero and you better understand that because there's not a full guarantee and the black swan doesn't know what the percentage is and it could just be one tenth of it it could be one thousandth of a percent but guess what it's not zero percent so that number is something that you should keep on your radar and hopefully we saw deals that maybe they pushed that debt ceiling out a year or two or something like that and really folks I'm just talking about the US every country has these obligations it's money we've already spent so I agree the deficit is a huge mammoth problem but the way to tackle it is not to stop paying the bills that we've already incurred so hopefully those politicians get it together in Washington and start extending that debt ceiling because those bills are already been spent alright jumping off that basil I'm gonna jump to crude oil real quick we got ten twenty five we get the crude EIA numbers at ten thirty crude quite a market as well yesterday we got some huge action negative and positive Tuesday we spiked to a low of fifty five nineteen you actually trade from about twenty four hours from ten a.m. yesterday up to above fifty seven dollars so two dollars to the upside by nine thirty this morning you got crude trading at fifty six seventy four right now and I'm just gonna take a look basil real quick in terms of what kind of premiums they're pricing into this market as we get that volatility jumping into crude I'm gonna take a quick glance at even the eleven a.m.s. we're looking at fifty six seventy five right now and we have a couple contracts that line up pretty nicely with exposure to the upside from fifty six seventy five and we're trading at fifty six seventy six right now so within a penny of where that contract begins at you're paying about twenty cents in premium for the bullish side you're gonna be paying a pretty consistent twenty cents to the negative side and so you're looking about forty dollars you're gonna be about forty cents basil from where we're trading at right now and that's the eleven a.m. so you're only giving yourself about a half hour but anytime you got oil oil's really been rocking it's been trading with I over the last couple of days I've kind of liked oil I know it's in a trading band and just made a peak D in the chapter wave on the ten minute chart but I to tell you the truth I think that going to the going to the crude oil daily chart I drew this in the I put in a rectangle formation between fifty seven forty two the high of the thirteenth of August in the continuous contract look at that and on the fifteenth it made a low of fifty three seventy two and I made this rectangle and I said you know rectangle formation can last a lot longer than your patients we've seen that many times so I think crude oil is doing quite nicely here I wouldn't be surprised if it has a little part excuse me two dollars in the last twenty four hours we get those EIA numbers when we come right back folks stay tuned we'll be right back Hi folks Tom O'Brien here if you'd like to get my daily newsletter market insights then now is a great time to sign up for a thirty day free trial every morning by nine thirty I send out my morning letter to subscribers with market commentary on a variety of markets currencies and commodities to keep investors up to date on the day's trading action included in 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56.58 but we're within about seven pennies of where we started 56.81 right now in the price of that crude contract as we see where we go as we have the inventories again coming in at a decline of 2.7 million barrels the estimate was somewhere between about 1.5 and 1.9 decline so a little bit less crude we got folks if you haven't checked out the den I got all these den members they're putting all that good information in there you have gasoline with a rise of 312,000 barrels the estimate was about a decline of 200 so we'll see what happens but pretty muted response right now so far basil we'll see where we go but 56.74 maybe that crude contract is just gonna get stuck in the box that you got I think I that's what I that's what I would anticipate and one of the reasons is that with the economy still acting pretty well I don't really see why crude oil should start to decline under the 52 level of course the famous words you never know right but I think it should hold steady in fact I will I would not be surprised if it gets stuck in the range it's been resilient for sure I mean I come in I come in this morning it was above 57 it seems like I'm constantly lately surprised to the upside almost as you added trade all the way from you know you have the chart up there from above 60 bucks to almost approaching 50 and then boom before you know it were up $7 and folks $7 when crude was at 50-52 I see that C point down there basil on the daily right and man $7 on a $50 price of crude folks you're talking about you know 14% on the price of a barrel of crude which just is a mammoth move when you think about how much crude we use across the globe on a daily basis it also brings me to a point that says if you look at this weekly chart let's forget about the right side with it with the monthly but the weekly chart it really shows you that it's been stuck in the range for about almost a year yeah very whoopie range but if you look at it in the context of where it had been back in 2000 October of 2018 that drop in the 78 area dropping down to the 42 and I know right you know this is really a very very mild move over the last certainly the last couple of weeks so yep I think that's a good sign I completely agree because that move and it's when we saw the markets falling apart so I agree you know as the economy is doing well you saw that really fear come into the market Christmas Eve of 2018 and that's right where you had crude collapsing with the market on economic woes economic fears and we've seen a nice rebound from that because man there was really some fear as it hit that 4260 which is just a mind bending number when you think of where we are in crude right now we're almost at 57 so Basil tonight you have your webinar for opening call subscribers folks I'm going to check it out right now on the front page of TFNN Basil has been putting together a great workshop he is going to be in there with opening call subscribers from 5 till 6 o'clock what stocks could lead the market higher after this correction has completed he'll be in there for an hour he'll be talking about what kind of methods he's using and Basil can you give the listeners out there and the viewers kind of a glimpse of what you're going to be talking about for the hour with your subscribers tonight so I've just retitled it with a little subtitle okay and basically subtitle I think sums it up I just thought about for days actually for weeks and then as I'm thinking and I'm looking at the different charts and I'm looking at our positions I said you know what this is a market that has no rush at this particular point I still think that the consolidation is going to continue for a while longer the positions we have we have six long positions and they're doing quite nicely some are doing very well some of that we've just issued and I started to use dividends as one of the criteria in a certain section of what I call a portfolio because I think that this is the opportunity where some stocks that have been beaten down are really absolutely truly great American companies they are terrific a zero interest rate environment when you can start getting a dividend yield on a stock that has capital appreciation exactly if you believe in the company anyway and you're getting whether it's two, three, four, five percent yield when you're looking at a 10 year that's sitting at 1.5 whatever it's at that's where it's kind of interesting so for subscribers I've made a big deal I've said I don't want a stock that has the potential to go down 10, 15, 20 percent on your capital I don't care what is giving you for a dividend I want to look at stocks that have the potential it's always the potential never can be guaranteed to have good capital appreciation at the same time as giving you a dividend so that's part of my focus tonight I think everybody wants that Basil so I'm looking forward to that because it is I mean even if you can pick a stock where you know and again like you say you can't rely on anything anything can happen right but if you're fairly confident that it's going to be a resilient stock maybe it just stays where it's at right and it's got a yield there of 3 or 4 percent well that's a great deal when you're looking at a company that a market where you can't get 3 percent on a 10 year let alone a 30 year let alone whatever you're talking about so that would be cool man I look forward to it folks right on the front page you can subscribe whether it's a month whether it's six months whether it's a year all of those come with a 30 day money back guarantee for new signups great time to check it out and of course the webinar tonight will be archived if you can't attend live and you get to see a lot of other archives workshops that Basil's got in there I think there's four up there right now there'll be the fifth one that he does tonight so make use of that time sign up for the opening call and we look forward to the show tonight Basil and I know man you you are doing triple duty today so Basil's got his Tiger Technicians hour at noon folks and then he's going to be filling in for Tom at three o'clock as well so maybe you'll have to add another subtitle to that workshop Basil by the time you get to four or five o'clock right so what else are you looking at Basil in terms of you know that we kind of discussed Home Depot Lowe's Target we got Fed minutes at two o'clock is that something that you really ever look to I mean Powell of course he's going to be in Jackson Hole Kevin and I were talking about it but what do you what's your take on that over all the years that I've looked at this market intensely pretty much every minute of every day that I have a chance to see maybe two occasions where we've actually put on a position after the Fed meeting and it's been a very successful position most of the time I felt that if I've had an update especially after a Fed meeting the very next day I could have got an even better price for whatever so my thesis has always been that a market that is in a particular directional move won't change that directional move for more than a flurry on any news just you know that when Kennedy was shot you know the market pulled back a thing with 15 points in those days that was huge a week later it was going to all-time highs so you know you can't rely on news for that but what I am looking at and the reason why I've called this a subtitle No Rush is that I'm looking at so many stocks I mean like Caterpillar Caterpillar's way down offers 173 January of 2018 high it went to 112 in December bounces to 140 and now it's trading at 118 it will come right at some point so this is a market of patience I think okay patience folks patience patience in a lot of things in life Basil is a great quality to have for sure folks we've got markets higher come on we're going to take a look at Teddy Kegstad we're talking forex after this break come on back if you're in the cd market and looking for a 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because Basil we got no move right off the bat but man oil just dropped about 60 cents in a heartbeat from 56.83 we're now trading at 56.19 on the heels of that EIA report which is interesting and that we saw a draw of about 2.7 million barrels the estimate was for a draw of about 1.9 so a little bit less oil than the market might have thought it would indicate maybe a rise in the price but nonetheless lower price is 56.24 right now in the price of that October crude and the general market did pull back a little bit with that and that would match for sure well with that in mind folks let's jump over to our man Teddy Kegstad every day forex-trading-unlocked folks you want to talk about forex let's jump over to our man Teddy Kegstad see what we got going on Teddy good morning good morning to you doing very good it's been kind of a quiet week in the currencies because of the FOMC minutes that come out today in the Jackson Hole Wyoming symposium that's going on on Thursday and Friday yeah so we get the minutes at 2 p.m. eastern time so a little bit more than about three hours right now the market might be kind of waiting for that since the open we've had the indices sitting up between about eight tenths percent and one percent in the positive Friday and later this week Jackson Hole and the president being relentless this morning edging him out bringing his golf game into things with Powell's putting or whatnot so what are you looking for Teddy in terms of would you like to play those for a trade are you going to wait and see how that plays out or what are you looking for at the end of this week in the forex market and how that might affect things well right now I am definitely ready for you on the table short term we have a double top situation in the US dollar Canada trade it took a nice little high yesterday and today it followed through with a nice little slide so for short term trade the trade was actually to get short yesterday after the close in the US dollar Canada so it's kind of already absorbed a little bit about a third of the mood for a target but if you're an aggressive bull I think that yesterday's high risk level right now for the short run because there was a little sell signal and this is a good thing because it's an indication of the dollar like we've been talking about a potential turn in the pound at least slow down the slide from the pound US dollar trade and now we're looking at where maybe the dollar index might be starting to get ready for a turn because of the signals that I'm about to tell you about so first is the dollar Canada now we have the euro US dollar which is gave us a short term buy signal yesterday there's not much action today I think that's because of the FOMC minutes and also because it hasn't been much of a range in the euro period anyhow but I think that if the signal is solid and coincides with this other signal in the US dollar Canada that means that dollar weakness is starting to show its signs in the majors and we should start to see a lift in the euro and see also a lift in the Canadian dollar and then we also have the pound now we know that yesterday Boris Johnson the prime minister he really put a line in the sand now today he left for Europe he's going to spend some time in France and then he goes off to Berlin to talk about the whole Brexit thing now as prime minister this is his first move overseas and going to do something so now yesterday you can fact check this I did I found it all over social media he made he put this out himself verbally and also in writing and to quote the referendum result must be respected we will leave the EU on the 31st of October this is verbatim what he said so that means that the pound right now I think is where it didn't get a lift when he first became prime minister by him saying this October 31st is now a deadline I think we can count on so I think that's going to edge the dollar down so I don't think any numbers can really support the dollar right now unless there's some really big change in perspective on something and I think we're going to start to see an edging of the dollar index coming off over the next like weeks it's pretty remarkable how long we've been talking about this Brexit deal and you say October 31st folks it's August 21st that's barely 70 days which is nothing when you think about the ramifications that could have I mean I saw reports well there was earlier this week Teddy talking about internal deliberations over in Britain talking about some of the woes that they may deal with if they hit that hard Brexit and maybe that's the line that they're going to take and just you know overcome those obstacles as they hit them or maybe as you approach that deadline and there's two weeks out right maybe some of that rhetoric begins to weaken I don't expect that but it'll be interesting to see as that deadline approaches because at least I feel like that that deadline might be a deadline that finally is a deadline versus all those arbitrary deadlines that just got extended extended new prime minister anything they could do to push that further into the future but I think October 31st right around the corner we're going to find out one way or another and man we might see some volatility as we really approach that deadline I just want to ask you is there a level in the dollar where it would confirm for you that this is not just a short term pullback in the dollar but perhaps something deeper well actually I think what you have to really look at the pound I think that's going to be the indicator because through all this dollar strength the euro has been in a sideways range trade for six months now basically sideways to lower at best okay and it hasn't really reacted off all of the news all the things while many currencies have been trending you look at the New Zealand dollar US dollar it is continuing its bearish trend and probably will until November because they have two more rate cuts on the table so that's almost a guaranteed trend wise the US dollar yen trade has been definitely bearish for a while that's going to continue because the bank of Japan is not going to they're not changing their footing they drew a line in the sand a while ago so and here's the thing to really look at the yen has been strong against the dollar for months the trend is there no one can deny that the US dollar Swiss the trend is also there the Swiss is strong so if you have these two lesser major currencies that are strong against the dollar and all of a sudden you start to have a problem and the pound the dollar has to come back it has to start to correct I see so the pound for you right now that's kind of a swing that that's the most important currency that would actually be the influence either to confirm the rally in the foreign the other markets or it'll perhaps fail and that will be important as well and the pound is already bottom in other markets like if you look at the Euro pound the Euro has been trending so hard against the pound for a while and especially in the last month and a half but markets come in like they go out like they came it come in they made this blow off top in the Euro pound and now it's coming back on that's indication that this Brexit deal it's coming to a head I mean the EU is now resorting to saying well if we have a hard Brexit we're not going to give you a part of our blood supply I think that's kind of a chokehold that you really want to go there you're going to try and keep someone from maintaining their own sovereignty by cutting off your blood supply that's not an economic type of tactic at all that's that's a totally different type of good point pretty remarkable folks as in Teddy as you've been talking about it I've been jumping over all these great charts folks check it out 4x-trading-unlocked.com as you've been watching me jump through all these charts the great charts Teddy man because I just saying you know I wonder if he's got the Euro pound up there boom there's the link right under there you hit 4x-trading-unlocked folks 4x all that good information pull up those charts and then that's pretty cool man you got them all matched up and October 31st Teddy man we're going to have to get double interviews with you as we come up to those two weeks because boy oh boy we better have some volatility that's for sure Teddy we appreciate it as always man we look forward to talking to you next Wednesday thanks Tommy thank you stay tuned Basil and I will be right back I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my 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Sign up today. It's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th, 2002 when gold was trading at under $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers from the XAU HUI GDX the dollar bonds South African Rand as well as 25 different mining equities with specific buy sell recommendations as of April 1st of this year, the gold report currently has eight active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30 day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today on the page of TFNN.com Don't let gold's next big run pass you by, sign up today. Since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply on the computer software which included the standard market technical indicators enhance the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman wave sequence. Using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com Cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter of the opening call 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 I'm joined by Basil Chapman this morning and man we got a treat. Who do we got on the phone we got our man Larry Pezzavento Larry what's happening man looking good Billy Ray looking forward to Basil's show tonight it's a home run folks you've never heard the man you ought to listen to him because whenever he talks he's got great information so good luck Basil and knock him dead thank you. All right listen thanks a lot guys tonight and talk to you tomorrow. Thank you very much thank you. Yeah you bet bye bye folks and you want to talk about good programs Larry Pezzavento as well kicks it off at 9 a.m. does a bang up job check that out as well and to reiterate what Larry said folks 5 p.m. tonight check it out on the front page of TFNN.com we'll pull it up the opening call and Basil we look forward to the webinar man I know you got a full plethora of programs going on today I really appreciate you filling in for Tom of course Tiger Technicians are at noon he'll be back at 3 o'clock folks and then subscribers only 5 o'clock tonight right on the front page opening call what stocks could lead the market higher after this correction has completed and Basil is going to have a few subtitles as he breaks down this market at 5 o'clock Basil I'll be in there of course watching the webinar I'll be listening to that Tiger Technicians hour and we appreciate the great work you do out there man and filling in for Tom thank you very much Tommy always appreciate being on with you me too man I look forward to it folks stay tuned we got Fast Market coming up next with Kevin Hanks Alex Coffey they're going to be talking earnings we got a bunch of retail stocks they're going to be talking Dick Sporting they're going to be talking L Brands then of course we got our man Basil Chapman coming up at noon we got Fed Minutes at 2 o'clock Basil is going to be in the saddle at 3 we got Steve Rowe it's filling in for Tom at 4 and then don't forget that webinar live from 5 till 6 o'clock tonight Dow Jones up 230 71 points stay tuned folks Fast Market coming up next thanks so much Basil have a great one man thank you Tommy you too thanks folks