 The following is a presentation of TFNN. Trading Hour with your host, David White. Call now toll free at 1-877-927-6648 internationally at 727-445-1044. Now, David White. And welcome all to another excellent edition of the Power Trading Hour with me, your humble, lovable, and squeezibly soft host. The following takes place between 2 p.m. and 3 p.m. So what do we have going on today? Well, not a lot other than Boeing and GE headed lower, which has got the Dow off, well, let's just update this now to tell you correctly, down 115, but of course, the rest of the index not doing much. NASDAQ's up three and a half points while the S&P's down one and a half. It was down maybe 10 at one point. Russell's off six. Everybody waiting for good dough and the trade deal, but it kind of lumbers on. Again, kind of an initial push early in the morning kind of faded out and just don't have a lot of buyers, don't have a lot of sellers. Volume is at very light levels. In fact, let me pull them up here. There we go. So if we just talk about volume, overall volume, last Thursday and Friday, we had about 6.4 billion shares day before that, 7.4 billion shares. And of course, we're looking for something in the range of about 10 billion shares. They get us through those highs. If not, it's going to take a long, long time for us to get through them. So we just don't have a lot of juice. Whether you look at it in shares or you look in a dollars trade, we need about 400 billion. On the 22nd of March, we had $415 billion traded. And Friday, 288 billion. So I mean, whether you look at it in straight dollar terms or share terms or whatever, the action just continues to kind of shrink. And we don't get the signals that say that we should go short, but at the same time, we don't have any signals that say, at least if you're talking about swing trading in shorter, I don't see anything that really says you should be long in the equities, whether it's the S&P or the NASDAQ. There's just not much to hang your hat on. There's a few stocks, of course, that you can look at for some movement. But that's about it. We're going to look through all the stocks at resistance and support levels that we can fit in today. I welcome your call at 877-927-6648. I enjoy your emails at path at tfnn.com. And it would tickle me pink if you put something in the den. So, again, we know what kind of volume we had the last couple of days. So what happens today? Well, we're at an hour and 50 minutes left in the day with 3.6 billion shares. That does not bode well. I'm going to say that at the run rate today, we're going to be lucky to hit 6 billion shares unless something grammatically happens. We really don't have anything in the way of earnings coming up. I think that would literally move the market. Nothing to day. Tuesday after the bell at WD-40. I never remember when that one actually moved market after or is that before the bell? Before the bell on Wednesday, we've got Delta Airlines after that bell, Bed Bath and Below. But I don't think that's going to do much for us. We get into Thursday fast and all. Again, just not a lot going on after the bell. Literally nothing. And then we get into Friday. Now that's finally where we've got something that'll happen. J.P. Morgan out before the bell on Friday. Wells Fargo also, PNC Bank, Infosys. So we've got a handful of stocks. But like I said, there isn't a lot out there to hang your hat on. Now when we come back on Monday, we've got Citigroup, Goldman Sachs opening up Monday morning. And I think that's it for a few days. Bank of America on Tuesday, a week from Tuesday morning, United Health Care Johnson and Johnson. So we start getting into it, but it starts with the financials a little bit. And then of course, you were talking about options expiration actually starting this week. They'll go Delta Neutral on the 10th, which is two days from now, an actual day, the 10th of April. And of course, you've got till the 19th till expiration. But they'll try to make sure that they can't they take as much money as they can and hedge the rest on the 10th. And it's got a small bullish bias. I thought this morning when I saw some headlines about Pinterest going public that it was imminent. The first couple of articles I read, it sounded like it did. Then later on some clarifications are it's going to be a few weeks down the line. And I've got another sneak. Well, that was a good one. So I thought, well, maybe they'll hold the market up this week to try to get Pinterest out. It's actually a lower valuation that was two years ago when they were talking about going public. They would have been probably very smart to have done it at that time. Now, I think a lot of people see the windows starting to close on a market. Well, maybe they're not as hungry for these giant Beemoths. Of course, in Silicon Valley, they call them the unicorns. Those stocks with bigger than a billion dollar valuation and still are not public. This one much in advance of the billion dollars. But certainly not as much or worth as much as it was a couple of years ago. So people are after seeing some of the other stuff like Lyft starting to say, well, maybe one public is not where it's at this time. So we're going to see over the next few days. But I think probably the market's going to be a little bit disappointed. But anyway, look for some volatility on Wednesday. I think that's going to set up maybe a slow drift tire into options expiration. But again, few sellers, few buyers and just not enough stuff. Friday probably the first day of the week where we'll have some kind of catalyst to move the markets with JPMorgan and Corsiti Group on Monday. What else do we have going on? Well, we're waiting with baited breath for your phone call here at 877-927-6648. Yes, I will put a worm on my tongue for the entire break. So I will have baited breath. And then we'll be back. We'll do a little bit of history. And then we'll get right into charts. So it'll be an action packed show even if the market seems to want to take a CSF. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. 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Check out the new tfnn.com now and experience all the upgrades. tfnn.com, educating investors. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. And we're gonna do a little history. As usual, you're all expecting it, aren't you? And it's all just a little bit of history repeating. On this day in 1950, Senator Joseph McCarthy labels Professor Owen Latimore, extremely dangerous so far as the American people are concerned, in a carefully worded public speech but stops short of calling him a Soviet spy. You know, this started, of course, what everybody called the Red Scare. A lot of people said it was fake. The problem was that we had intercepted Soviet communications. There's a thing called the Verona Papers where we got a clue into how to break their codes. Found out that many people actually were Soviet spies. And we took care of them kind of quietly, sometimes publicly as this was. Joseph McCarthy was a horrible drunk. If he would have been a little more measured, we probably would have done a little bit better of rooting out the traitors in our midst. Today, we still have them. And of course, I think any country's gonna have traitors to any one aspect. They did prosecute him as usual for perjury in front of Congress. It took about three or four years for him to unwind that. They could not, of course, let everybody know that they'd already undone the secret codes from the Soviets. And found out that he was not only working for the Soviets, but the Chinese also. In fact, he kind of got the boot. Because during the war, he was actually working for us to help try to put the Chai Ken. Can't even remember his name now. Chai Ken. Man, the guy that ran the country that ended up who scouting over to Taiwan with all his buddies because the communists and Mao actually ended up winning that skirmish and running them out of the country. Chai Ken. Chai Ken. I'll remember it eventually. Anyway, the capitalist, of course, went over to Taiwan and had a great time making lots of money, making lots of product, being the envy of China, actually. Well, Lattimore, at least, was tossed out of the land of higher education. Eventually left the country to go do his evil elsewhere. But enemies foreign and domestic will probably never go away for a country on this day. At least we labeled one of these guys what they were. Even if they did, it'd go a little bit overboard, like Joseph McCarthy. There were a lot. Of course, I always love the Chamber Whitaker's story where we didn't find out until the wall came down and we bought all the paperwork from the Soviet spy agencies and were able to go through it and find out, yes, indeed, he was a Soviet spy also. But just because they say they aren't doesn't mean it's true. And just because they say they are, of course, doesn't mean it's so either. On this day in 1950, a dark part of our history during the biggest part, probably the earliest part of the Cold War. What else do we have going on out here? It's actually, I didn't want to do that. Hang on a second here. I've got that over here. Okay, we're going to go through a bunch of charts as many as we have time for and see where we're at in the resistance levels. Aerocap Holdings AERs, the symbol on this one, came in with 1.7 million shares on January 30th. It was at $48.82. Again, 1.7 million shares. On Friday, we had 660,000 shares. Today, just 345. So again, these legs up from mid-March on a lot of these stocks, very, very light. It doesn't mean that we've got any signal to go short. But at the same time, I'd be very nervous to be long. American International Group, AIG, bangin' away at the $45 mark, came into it on February 13th with 5 million shares. And then you came in again on February 26th with 6.6 million shares, got into it Friday with 4 million shares. Today, you're only doing a million shares. So when we're talking about volume just contracting both to the upside end, the downside, it is rather staggering. Back up at its previous October 31st, 2018, high, $73.99, 4 million shares. On Friday, we got into it with 840,000 shares. Today, just 295,000 shares so far. So when we talk about volume contracting, it's not hyperbole or hyperbole. Always which one? I've heard people say both, hyperbole and hyperbole. But maybe the people that say hyperbole don't know how it's pronounced. I don't, for sure. Okay, all state. Back into its kind of a descending triple top going back to November 9th. You're looking for something a little over 2 million shares, spiked it on Friday with 1.4 million shares right back into the trading range today. So that's telling you a little something, something. Allegiant, A-L-L-E, banging away at this $94 high from December 3rd. That had 1 million shares. You got into it on February 13th with 600,000 shares. On Friday, you got into it with 746,000 shares. One of the better ones out there but still significantly lighter volume. Alexian Pharmaceuticals looking for about 3 million shares off the September 28th high. 14077 with, like I said, 3 million shares. Last three days, 1.2 million shares. 1.2 million shares today. This 500,000 shares so far. Ambrella, the company that GoPro made and is still around, gapped down significantly. This was back on June 6th of 2018, did so on almost 11 million shares. We're finally coming back here and trying to fill a little bit of the gap. Last three days, 440,000 shares. Friday, 272,000 shares. Today, 127,000 shares. So we're not talking about a little change in volume. We're talking kind of volume changes that you, as I like to say, a blind man could see. I don't know if it's top, but I don't think we're going higher. What does that make it? A plateau? The plateau of 2890 on the S&P cash. Bed, bath and below massively shorted came out with a little better earnings or pre-announcement and news did gap higher recently. This is going back into the September 27th gap down though on 52 million shares. Last couple of days as we fill this gap, 15.4 million shares. Today, 8.5 million shares. We're basically closing that gap. And when we come back, we'll look at Ben Franklin resources. We've got a bunch of these stocks, but again, we're starting to get a signal. This isn't a signal with brief bursts of volume, 5.8. The signal's like a tenth of the volume. Moving back. The path of least resistance is David White's daily trading newsletter. And if you're looking for active trading ideas, then now's a perfect time for a 30-day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his Path of Lease Resistance newsletter. Using a combination of equity trades along with options, David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30-day free trial to David's daily newsletter, the Path of Lease Resistance, with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently, and if you'd like to see the type of newsletter he delivers every morning, then visit the front page of TFNN, and you'll find the Path of Lease Resistance under Trading Newsletters. For all the details and to start your 30-day free trial today, log on to TFNN.com now. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter and market insights, then now is a great time to sign up for a 30-day free trial. 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Well, we got an email here that came in and says, you called the short squeeze in Yelp to a tee last year, popped up and ran positive for three days before a pullback. Today, INBEV is breaking out in the EV. Well, it certainly is. This came right back to the gap up from the 26th of December. That gap up came on 9.5 million shares. I got into it with 7 million shares on Thursday and 5 million shares on Friday. So it did exactly what it should. It came back, tested the bottom did so on lighter volume. And now you've got that giant squeeze in here. Let's take a look and see what we've got for short interest in this. I think we looked at this before. To two to two. INBEV. To two to two. Well, most days, one out of three shares has been shorted. So I don't know who's shorting a $5 stock. They should quit it. You got four days to cover and 30% short interest in it. So yeah, normally what you get in these are three days. You got a lot of people on the wrong side of this and they're losing a bunch. So just figure that they're probably going to have, if they're stupid enough to be short of $5 stock, they're probably stupid enough to be on margin. So I would imagine that the high in this will come within the next three days on some margin calls. So yeah, if you're along this thing, I think you got a kind of a free roll for the next two days and you just want to watch it. It couldn't pull back yet could, but my guess is that if they're with a 30% short interest that they are not going to let these shorts out easily. And of course they've already lost 30%. So if, I don't know what else you can say about it. But yeah. Again, you may, this is an awful big bounce for today. But yeah, could you still see seven bucks out of it and possibly $780, which was the high back here on February 4th. With 30% short interest, the sky's the limit. I don't know the actual dollar amount, but I do expect this probably to peak out on Wednesday. So you want to watch it. And normally I'm not quick to get out of these until I watch them for the next two days. And you can see, but maybe they take the shorts to a cleaner on this one, but I don't understand people shorting a $5 stock. As I like to say, for a sucker play, a trader gets sucker pay. And that's certainly what you got if you're short a $5 stock on this one. To do with us, take a look at Costco. Costco breaking up to the September 11th, 2018 highs. That was $244.59. Again, with 2.2 million shares. You got into it on Friday with 1.6 million shares. Today, you've got 733,000 shares. So there is just nothing in the way of people coming in and running with the ball on these. Carter's. I wonder if these are the guys that have Carter's pills. Never heard it, but apparently Carter had a lot of pills. The only thing I know from my young upbringing where people talk about more than, he's got more something than Carter's has pills. February 25th, 103.42. 4 million shares. Got into it yesterday or Friday with 158,000 shares. Today, 182,000 shares. I don't know. I am not exactly sure. Now you're going to make me, you know, the problem was before you could just ignore things. Now I can't with Google. I have to Google everything. So I know the answer of it. Carter's little liver pills. Okay. Formulated as a patent medicine by Samuel Carter in 1868. It was a laxative, but called a liver pills. I don't know why, but apparently he had a lot of pills. I don't know why that is. I'll have to read more about that later. But at least I know that now. And I could sleep tonight. Serious logic is we get into the November 2nd high of serious logic. Crush CRUS symbol on that $43.25 with 2.8 million shares. Got into it March 21st with 880,000 shares. It's kind of pulled back a little bit. Got to 3929 on April 1st. Now we're back up volume 259,000 shares. Going into that 2.8 million share high. It doesn't really matter how you look at it. There's just literally no volume. And again, the thing I continue watching is any kind of break. Let's go ahead and change this to a nine day moving average. Nine zip and zip zip. There we go. Any close now below the next nine day moving average, generally ends up, if we get one in the next couple of days, ends up being a torrentially bad signal for most stocks. It's a Joe DiNapoli double repo pattern, which is for a double re-penetration of the trend line higher to what else do we have? CVR, CVX, take a look at that one. Chevron, I've been thinking that we're very close to some kind of high energy. So Chevron actually testing the May 22nd high. 12815, which is 5.44 million shares is we got, well, we're about a buck underneath that right now. We've gone with 2.8 million shares. So about half the volume of that May 22nd high of last year. And even if we want to look at more recent highs, like the October 10th high at 126.48, it had 6.5 million shares. So 5.5 million shares is the most charitable view of that high. And you just don't have much. You did challenge it on March 19th with 4.8 million shares. So it just wasn't, it just isn't that much used to actually go run this out. Again, we're going to have to have some kind of catalyst to get everybody going. We're going to have a very quiet week. Donaldson and company talk about light volume. We had on February 25th, $52.67 with 570,000 shares. Today, we just are right at the edge of 100,000 shares today. So again, quiet, quiet, quiet. And they say, don't be quiet or don't be short. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. Friday is the first day for a catalyst that I see. Maybe there'll be some other news come out, but not a lot that I see that's going to change anything. Discover Financial, going through its December 3rd high that had 2.2 million shares. On Friday, 1.5 million shares today, just 563,000 shares. Be very quiet while haunting rabbits. And that's what the market is like. It is very, very quiet. Dish Network finally filling this gap. That goes back to October 23rd with 5.8 million shares to do. So what was that? That was about, man, 35 bucks or so. So on Friday, as we put that gap down with 5.8 million shares, we got into it with 2.2 million shares today, doing about 900,000 shares so far. Decay, which is delic, pollings. I'm not going to look at that. It's bouncing around some lows. To what else do we have? Eat in Vance. At least it's testing something here. Going into the March 1st high, $42.66 with 1.2 million shares. Got into it on Friday with 700,000 shares and pulling back on light volume today. FBIO, which is Fortress Biotech. Looks like it's got some fairly decent support for a penny stock going back to this gap up on January 31st. That had 9.6 million shares. It came back into it with just 400,000 shares on March 6th. On Friday, you had 335,000 shares. Today, you got 170,000 shares. So if you're looking for total lack of volume, you can find it in many stocks today. Federated investors breaking through the March 19th high. Symbol is FII. March 19th, $30.58. Basically, 1 million shares. On Friday, you went through that with 563,000 shares today. 452,000 so far, but continuing a little higher. You're going to watch for a lot of these for a snapback. Now, on the positive side, we are looking at 59. FIV in the last major high that we're testing right now is the September 7th high at 49.50. That had 600,000 shares. Got 565,000 shares so far. But that looks like that right around $50 range could be support if it can get back in there in the next couple of days. Don't see a great deal on that one. Fuel nation. Popping around the $6.35 high for March 21. That had 900,000 shares. Got into it on Friday with 500,000 shares today. Pulling back with 262,000 shares. First solar. Also trying to get out of a deep, dark depression. 3 million shares on February 25th at 55.38. So on Friday, 1.33 million shares today. Just 800,000 shares as we go back up into this line of resistance, which is actually one of several gaps down. This gap down is from the 6th of June, 2018. That had 12 million shares so incredibly, incredibly light volume for most of these gas log. I've been waiting for these to be a great buy. Almost all these natural gas liquefying companies should be doing much, much better than they are. I'm not exactly sure why they're not doing as well as they are, but it certainly looks like around this 1575 areas some support. You're down today on just 107,000 shares so far. As we talked about earnings coming up from Goldman Sachs or if I was in New York and part of the cult, I would say the Goldman Sachs. Like there are many Goldman Sachs. I don't know why they say that, but they do. 206.45 on March 19th for the Goldman Sachs. That had, let's call it 3.3 million shares. Got into it on Friday with 2.5 million shares. And today just doing about 1.2 million shares with what we have left. Hour and 13 minutes left to go. Just not much happening. Okay. Guidewire software testing this $100 level out. It spiked it on March 7th. Instantly gave it up back to 90 bucks. Gain back. Now it's gotten all the way back. That day you had 6.4 million shares. So last Wednesday what? Million shares last Thursday. 1.6 million shares. Friday 700,000 shares. Today just 310,000 shares as you bucking that $100 high. To Hyatt Hotels. It's up there, but no real signal. But through those double highs to see what else we have out here. Okay, HD supply holdings. Yeah, that's not that much of a difference. We'll go on. See what else we have. I didn't know that company was still in business. And Hovini and must have done a reverse split. I need to take care of that one. Okay. What else we have HP, homework and pain. Testing its recent high at $50.49. That's a February 20th high HP is the signal. Nothing to do with Hewlett Packard. Anyway, 1.4 million shares. It's into that today with 1 million shares. That could be worse. But certainly no sign of strength hitting that. And what else do we have? IDEX Pharmaceuticals. I had a high on September 21st of last year. 157.41. 500,000 shares. Last three days and IDEX. 264,000 shares. Friday, 176,000 shares. Today is 116,000 shares as we buck that high. Now this one looks like it's all kinds of weak. And I don't know if we're waiting for some information or FDA approval. You really need to dig into those biotechs on what's coming on the news. But the chart looks horrific. Let's see what else had. We're talking about international paper as the canary in the coal mine for the economy. We've seen this go into two highs with about 4 million shares. Got into that four days ago on April 3rd. With 3 million shares. Friday we had 2.8 million shares. Today it's 910,000 shares. So whichever way this market breaks, my guess it's going to be rather vicious and quick. And maybe it takes until Friday to get that happening. But again, just a lot of stocks out here testing previous highs with light volume. ITT, November 2nd, $61.40. Since spike the high, 1.8 million shares last three days in this one as we've challenged that high. 644,000 shares. 374,000 shares. 414,000 shares today. That's, of course, against that 1.8 billion share high. But that doesn't matter. This isn't the volume up. Isn't any volume down? It's time to put it on your hands. Now you get a signal. We'll be back in a minute. The number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months. Timer digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed. And I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of tfn.com and get immediate access to workshops where I take you step by step with an extraordinary set of tools as well as provide great market calls too. Sign up today. David White's newsletter, The Technology Insider is focused like a laser on finding the next big things in technology. If you had invested only $10,000 in Microsoft in 1986, you'd have been a millionaire by 2000. Disruptive technology like Microsoft's is the key to these massive long-term profits and The Tech Insider is the vehicle from tfn to capitalize on these opportunities. This is the go-to newsletter that identifies, monitors, and profits on mostly little-known cutting-edge companies with great long-term prospects. David's experience is as an inventor of Emmy-winning animation products for TV and Hollywood that propelled a company public. Match that with 14 years as a full-time trader, and he's uniquely qualified to guide you through the light-speed world of ever-evolving high tech. If you're ready to ride the next big technology full market for less than $40 per month, log on to tfnn.com and get your two-week free trial to The Technology Insider. Get in on the ground floor of the next big thing today. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. 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Also a special guest on CNBC. Tom will bisect and dissect the markets. The Tom O'Brien Show, next on TFNN. And we're going to take a look at IWO, which is the iShares Russell 2000 Growth Index Fund. Just looking at the volumes compared to March 4th, at 202.97, we had 1.2 million shares. On Friday, 455,000 shares. Today, just 245,000 shares. So again, the warning for the market is always don't be short of quiet market. And without any signal, any volume off the top, any break of some kind of trend line, whatever you're using, it's best to wait for the signal instead of anticipate it in these ideas. Maxim, integrated products. There's another one of the stocks in the SMH sector anyway. MXIM, the symbol for that one. December 3rd, $57.24, 5.7 million shares. Now we got into that with 2.6 million shares on January 25th. 1.3 million shares on February 25th. What's that? January 25th. Then February 25th. Now on Friday, 1.2 million shares. Today, just 930,000 shares so far. As we have gone above that previous high. So the next thing you want to watch is on a longer term on this one is if it gets into this gap at about $59, the volume remains absolutely infinitesimal. Some of these stocks are shorting up to be shorted. And this one go about $59, almost instantly do about $55. So then you could get a fairly decent turnaround on some of these. But again, no signal until we start seeing some of these stocks bust below the 9-day moving average on the downside after they've gone above it, gone below it, and gone back above it now. You need one more dip to set the hook. As always, sell when you can, not when you have to. We'll see you here tomorrow. Same bat channel. Same bat.