 The following is a presentation of TFNN, the power trading hour with your host David White. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, David White. And welcome all to another excellent edition of the power trading hour and of course a very special power trading hour and it doesn't matter where you're at for this special power trading hour as long as you're here at the appointed time. The following takes place between 2 p.m. and 3 p.m. So what do we have going on today the feds out of course I didn't look but I'm pretty sure that he has a a shindig a brew ha ha ha ha at 2 30 so we've got about 23 minutes before he gets some questions I don't think that changes anything a little bit of a little bit of that this and that now was up I don't know 150 points or something I think when I saw it earlier and now we've got what I would say is kind more of a what up let's see what we got here it's moving around too fast too much moving going on so we're down up 75 on the down now up 48 on the S&P cash as I said there's going to be a lot of ups and downs I suspect that we're going to have a long slog into the Memorial Day weekend and it's going to be a lot of action like this I'm going to sit on my hands and and wait for the short end to come in I could be wrong but I think that's the rate the way we're going and maybe that happens a little after if pal make some comments that are untoward to the incredible Rosie picture that many people are painting even in the face of probably at least what a percent and a half more rate hikes before they even think of stopping so we shall see but I think there are some bigger problems out facing us in the near future and if you're not going to change the policy and we've seen what the policies are of the last I don't know 18 months I don't see how you see a different outcome there isn't going to be any helicopter money coming in there isn't going to be any giant spending bills I think we did get the one for the SMH today and that's about it it's unclear how much of or any of that money actually is going to get spent so I think a lot of people voted for it just on the hopes of it but yeah there's a reason why we don't have fabs here in the country except one which I think is up in Wisconsin trying to remember the name of it little tiny one but my guess is it they won't go any easier there was nothing in the bill about fending off the EPA which just makes it too expensive to actually produce chips here in the United States the only reason we have that tiny one is some specialized chips that go to the military I want to say one sky or sky something it's in Minnesota or Wisconsin something like that I'll think about it as we go but anyway I think that's kind of some good feel good stuff whether that 50 billion ever makes it to anybody is yeah I'd say a 50-50 chance a lot of people are just thinking it was more of a political stunt than anything else so we shall see 877-927-6648 is it sky works I'll think about it here in a minute it sounds it's not sky work solutions I wrote about it about five or six months ago but there is one it doesn't do much but that's it 877-927-6648 email me at path at tfnn.com and of course you can always put a message in the den that we're looking for so what do we have going on here and just kind of holding steady up 50 on the S&P up 276 on the NASDAQ a lot of people ask me about what the response was for Microsoft and those others I think a lot of people just truly believe that it's one quarter and then that's it I didn't get that sense from listening to the Microsoft call I think a lot of people are wanting to making sure to keep this thing up and they're gonna be selling other things against it but yeah I don't see you know can you keep a stock up for a few days can you run some shorts yeah do I see anybody deciding to get in and go full-tilt boogie on Microsoft and some of these others not really why don't we go ahead and start looking at earnings too and we had some discussions in the den see oh we got do we have more here that's all we have here okay I don't know oh anyway we're gonna look at some of the winners and losers of the day the biggest one is Sava and I was saying in the den I had a couple people email me I don't have any insight to these companies nor do I spend a lot of time chasing them and that is biotechs very tough even if you were probably on the inside to know what's gonna happen to these I don't think I have an advantage maybe somebody else does but I'm not a big fan of them just to let you know that you know the the odds of startups actually coming out with the drug and breaking even on all the cash coming in there's about 10 to 1 so that's why most of the bigger companies out there will allow these smaller companies to get involved in something show something work and then they'll buy it because the attrition rate is just so horrific back here didn't really give a big signal here did blow through the lows and it's the biggest loser today down 22% but I don't have any inside knowledge you can write anything in the newspapers anymore I was saying before I don't know how you you read a newspaper and believe anything if three Pulitzer Prize winners for stories over the last four years are proven that it was literally all made up lie for the story yet they get to hold on to their Pulitzers so news or propaganda seems to me like if you allow that to stand literally anything can so I don't know how you can prove the up and down side I think there's some facts you can look at and Glean and that is is someone charged or not charged on this one I like I said no in insides if Reuters though says a couple people from the Justice Department says that there's probably some smoke there's too many other stocks out here for me to look at to get involved in a land war in China if you know that reference from Princess right we'll be back in a minute booming inflation we are purchasing powers eroded there's no better place to protect your harder and money than a goal this the golds flagship asset is the Monk Todd goal project in the northern territory of Australia this is Australia's largest undeveloped goal project we are talking world-class goal project in a tier one mining district this is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction this the goal just completed the Mount Todd feasibility study which resulted in a 7 million ounce gold reserve in a 16 year mine life all of this combined with the approvals of all major operational as well as environmental permits this distinguishes Mount Todd is an attractive dearest pot ready development stage goal project this the gold trades on the New York Stock Exchange and the symbol VGZ are you grinding in the market but seeing little to no return or are you a successful trader simply looking to make your job a little easier learn to take the path of least resistance with David White's powerful trading newsletter David White is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades support and resistance we find the ranges in which stocks trade by understanding this trading ranges David White is able to find a path of least resistance David White's trading newsletter the path of least resistance is delivered daily before the markets open to make every trading day an easy win visit tfnn.com today and subscribe to David White's ultimate trading newsletter for $119 a month and try all of our newsletters risk free with our 30-day money back guarantee take the path of least resistance at tfnn educating investors are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis in our gear to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors toll free at 1-877-927-6648 internationally at 727-873-7618 as we go through some of the other earnings today kind of few of these folks sleeping maybe a little too short Spotify had a nice bounce out here it's up 11 12 percent got to 121 67 is not going to break out of the left hand shoulder from about the end of May to the first week of June volume is pretty good but again I think a lot of people were short this I've never really understood how these companies are going to make money we've talked about companies I don't understand about how they don't make money like Roku Spotify never understood the music business ever making any money my apple pretty much destroyed the courting industry I don't you know as far as I can tell people are just kind of famous for being famous the kind of the Cardassian thing in music now which isn't very good for a long-term success in it I don't hear a lot of people putting in current music and advertising everything I see is back to the 70s or 80s maybe I'll see an ad with some real house music or rap but I haven't seen it yet I think that tells you something about the business of Spotify maybe people listen to this stuff but I have a feeling a lot of people it's just kind of a bad business to be in even with some of the other stuff going on around it the move to podcasts is a little better probably but I don't think it changes their trajectory of being in a bad neighborhood and is it probably ever going to get any better hard to think it took 40 years for the airline business to get out of the cycle of going bankrupt every three or five years only to come out of bankruptcy to go back into bank bankruptcy maybe these companies like XM satellites Spotify the rest that kind of depend on this I don't know buggy whips I think maybe that's the best way to look at them ADP is up today to nice candle on this one but not nice volume it is breaking through the May 31st high that had three million shares you don't have the volume on that though today you about 1.2 million shares compared to that three million share high you've got some other ones out here and of course on a fed day you're kind of probably going to see a few more of these kinds of things another big loser of the day is a share one Williams and you kind of had to think that this housing business is going to be problematic for time to come but certainly painting houses is a business that probably has hit its high for a little while at least painting new houses you still have a low at 214 22 that comes in with about 2.6 million shares you know about six bucks higher than that six and a half bucks higher than that today but you got absolutely monster volume so you got to look at testing 214 22 before you can make any other movement out here big winner in the biotech space is tiva pharmaceuticals this one is up 23 percent today really didn't give any kind of indication out here that much was going on but certainly a huge day on huge volume next stop is probably $9.52 that June 2nd high again on the loser side is Kraft Heinz ketchup down on some big volume you would think the makers of the vegetable in a bottle probably would be doing better by now I didn't look in to read the news out here you got 14 million shares though going into to a 28 million share low at 3476 so is that going to be support well you kind of got close to that today my guess though is you're going to see these things pull back to those levels and test them uh to do what else do we have on my list of stuff general dynamics kind of flat GSK got a little bit of a bounce out here in T-Mobile you got some decent volume three million share high before you got about five million shares into it now but it's not holding that high I think a lot of people are all wanting to say I'll show you mine if you show me yours but you got to show me yours first and certainly when it came time for the breakout it did not hold 138 98 on T-Mobile is the June 6th high with three million shares and you're into it with 5.2 but not well maybe not holding it 130 not well you're at 139 14 so you're right there maybe there is something more in that uh to another big winner out here uh that kind of been moved down lower on unionization talks uh just like starbucks and some of the others uh but uh you had a lot of people short this stock I don't think the earnings were that good or the numbers were that good uh but certainly uh it's being pushed that way but a great deal more about this one was probably a lot of people thinking it was going to go back down to a thousand but uh who knows people paying up for burritos uh you can put that in your pipe and smoke it for the next month or two uh we got skyworks got that uh meta after the bell tonight right they haven't reported pretty sure tonight after the bell all right yeah uh 405 uh 222 let's go ahead and clean this up here um you got a bounce it's just with the market um again uh whether it's google or these uh I have a feeling that these things are going to shortly be on sale as I said uh I think that there's a great big danger out there looming mostly in Europe and mostly everybody over here is ignoring it and uh that is some of the new laws over here so uh whether it's microsoft which probably gonna be affected a little or uh google and uh meta musul going to be affected a lot I think a lot of people are whistling past the graveyard on that uh on these um having disappointing earnings and still going higher I think a lot of people not listening to the CEOs maybe they know something we don't but uh my guess is that uh google and uh the others are not sand bagging and uh there'll be something else uh eight seven seven nine two seven six six four eight if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every monday morning I publish the gold report with coverage of gold silver bonds the xAU hui gdx as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts in collaboration with tom obrien and using his best-selling book the art of timing the trade your ultimate trading mastery system david white has programmed an outstanding piece of software that will complement any trader's methodology using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for fibonacci formation setups including guardleafs abc's butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com this segment is brought to you by think or swim more information just click the think or swim banner on the front page of tfnn.com and had a question uh why i thought music business was kind of toast um i think it's the same thing that we had years ago when there were only three real networks and you knew the shows and everybody else knew which shows were on at night and knew the people in them pretty soon you got kind of real uh vulcanized that's with a b not vulcanized like rubber vulcanized like the Balkan states um there just isn't enough people uh anymore uh that know what one particular song is maybe there are a bunch of people that hang around some rock uh rap star or something but uh i think the shelf life for those things are what about five minutes uh it reminds me the andy warhol thing everybody gets uh fame for 15 minutes but i think that's about it i think it's about 15 minutes i don't think there's any staying power anymore in the music industry uh with the very exception of a couple of folks uh at the very highest levels these days that'll pay big money for concert tickets but uh yeah i think they they pay more money for riots now what was that astros saying last year that uh that more typifies the kind of thing going on in my opinion uh anyway question from ather systems a e h r uh and whether or not i see a whole lot and i think that now that we have the bill sort of passed the only company from me skimming over it today for at least what was in the text that even possibly is going to really be able to uh do well on that is uh probably intel and why it didn't say intel on the bill it was basically intel please start making your chips here some other design uh inferences but again uh design a much different issue doesn't really matter whether chips design if you can't get it and getting it especially uh against a backdrop of china trying to take over the entire semiconductor industry and probably could with an invasion of taiwan uh we should uh be very wary of uh not having the actual at least half of what we use in the uh chip making place here uh in our country uh even if there's somewhere else china is much more willing to put the heavy arm on a country than us and probably would succeed especially now within our weakened state both militarily and uh politically on the world stage but uh yeah i'm not a big fan don't think that there's uh anything more in the smh is now that a little blip and that intel is the only one that could conceivably use this i know a lot of other people said uh that they wanted to get on it the bill was pared down quite a bit uh from what it was so even today with the passage in the senate uh not much action on intel which would be the big recipient so either it's all priced in uh or uh you know there's not much else going on there but intel has a lot of problems of its own almost all self inflicted okay what else do we have out here uh two two two two we looked at cmg we looked at meta uh texas instruments txn uh up four percent again i think a lot of people were a little bit more bearish than they needed to be texas instruments really doesn't make anything that is ultra special these days uh they make a lot of almost commodity level chips although they are a little specialized they they're better than a chinese company just making ripoffs but not as good as something like an invidia or an amd or some of these others with you know three four five six hundred percent profit margins texas instruments stuff i think some of the biggest stuff they have maybe have 200 margins on it they're just isn't that big uh okay um you got a bounce in texas instrument but gave most of it up again i don't see a lot here we'll see a lot more after the fed quits talking and uh aunt blabby just started so we shall see i think everybody's far far and away way ahead of the tips of their skis at the moment yeah but uh how many of their things really make that huge as i used to call it and everybody else i knew called it they make a texas instrument makes glue they make all the chips that actually get uh plugged in to other bigger things on bigger margin products for the most time they make some less expensive stuff too but it tends to be on a price competitive kind of products i don't see them making uh intel or apple or other kinds uh net 65 margins like many others lots of stuff that people need just doesn't make the margins uh two two two okay let's see out here question about bowing uh they had their earnings i don't know i think most of the bounces in on this thing as i said we came right up to this double gap uh the last one was on april 27th on the way down that one was with uh 40 million shares so we're kind of got right back to it again um the original gap is part of a monster gap higher uh that goes back to september ninth of 2020 uh when i think there was uh this was yet another bill that came out of congress on them if i'm not mistaken i can't remember now anyway a huge day on 49 million shares so you know that gap out there is still it came back it busted it came back up to it but that part of that gap still exists and uh on the two two july 22nd you tested 12 million shares today it about 12.2 but came back down i'd like to see about a 50 percent retracement on this uh and see if the volume dries up before i think there's any reason to go after it um again i think we're going to need congress to you know if you wanted me to be bullish on bowing uh very bullish one that i'd actually put my own money into it i'd want to see congress move the uh the uh retirement age up for senior pilots and move the 1500 hours to sit in the right seat maybe moved down to a thousand or something because right now you don't have enough pilots and that's going to be the deciding factor probably for years to come uh now in europe you can have i think 250 hours and sit right seat in a 737 so it tells you probably everything you need to know we have uh i i would rather have a 1500 uh our pilot but the question is going to be whether or not you can actually if you want to go long bowing you have to think that there are going to be the pilots there to sit in those right seats uh the left seats probably not a problem they move everybody up okay to to uh we looked at google we do a chart microsoft i don't think we did we'll come back and tfnn has been your trusted source of analysis for bonds medals stocks commodities and options for years and we are happy to announce that we are bringing that same caliber of analysis for the forex market teddy kextat has 30 plus years of experience in forex trading commodity risk management forex hedging volatility and so much more teddy releases his weekly tiger forex report every monday morning with elite coverage of all major currency pairs including the dxy euro dollar pound dollar ozzie dollar dollar yen dollars swiss frank and so much more teddy will recommend specific trades when the market presents them and provide updates throughout the week when warranted for the month of july inaugural members to the tiger forex report will receive 25 percent off the monthly subscription for as long as they're subscribed just use promo code teddy 25 to lock in the added savings this offer is good only for the month of july so do not miss your opportunity to save on the tiger forex report tfnn educating investors the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information david whites 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 value tech stocks as well as entry prices target prices and stops to set for each trade david 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 are china a shares hot or not if you trade china a shares now may be time to take a closer look trade chau or chad directions daily csi 300 china a share bull and bear etfs china a shares in either direction visit direction investments dot com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 8664767523 the prospectus or 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 this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz as we return uh yeah we looked at microsoft so there's not much there i think we got some other one uh okay i don't see much you got volume here but okay one of the big winners out here cc jit i don't know if there's anything else going on uh besides what has you're coming back into this gap down the gap down had uh 8.7 million shares you got about that today so you did get kind of a boost out of here i think that's a lot on china uh and then moving question about apple a apl you're just back up into the high from the other day you had 66 million shares today you got 41 i think there are a lot of people very very extensively bullish here today and i'm not exactly sure why okay let's go back out here question about the x l e call me a skeptic out here um just an inside day on the x l e so not much to scream about there uh apl gld i got a little bit there do no volume though it doesn't matter what it is the last three days have been sideways maybe waiting for the fed maybe you get more volume before the end of the day again kind of if ish looks at yes of h's question about tesla from john ts la hard to say um as we talked the other day i think that 850 level in this gap is where it's going to it's going to be pretty hard resistance levels right there 8779276648 get this all updated we got that one that's going through my list here of stuff we'll get the rest of it here to to to okay i bb okay take a quick look at that um certainly sideways action out here today you're really not in or out of any trading range uh but uh yeah get that uh s and p at uh 40011 so you got something going on here uh to to to okay i'm just not exactly sure why did he say anything about not raising rates anymore yeah don't know that's part of being on why this thing happens did i see anything in dust uh d u s t yeah and we talked about this the other day uh on the uh move here yeah you kind of just got to close right at it though probably today would make take a lot of movement to get the same underneath it but again probably some kind of movement back again okay see what else we have out here okay question on you and g well you went up you went into the previous high that 14.7 million shares or 12 million shares uh you're about uh three weeks away from the strongest part of uh the natural gas cycle which is the end of august so yeah any pullbacks if you're not long already any pullbacks probably get it i thought it would come back and stay around 26 most of the summer but uh too many news articles about putin shutting off the gas uh ran it a little earlier than i thought but uh yeah 20 yeah i'd have to have it back at about 26 to get back in you might get that sometimes you get some different stuff question on the tlt quick look at that so yeah you just have an inside day on yesterday's downside with more volume so no real call here yesterday i mean today on yesterday's action which was a huge buying of uh of bonds you know you're not ready to move you really need to get below that three by three line before anything happens and we're not there quite yet question about you looking at the usual suspects uh amd had some pretty high short interest uh you're just up against the trend line at the moment volume's not all that exciting let's take a look at n vda and see and same thing on it you're just there maybe you're gonna close a little bit above it uh but uh yeah problems are probably going to go into the third quarter uh for both amd and nvidia now looked at microsoft question on mu take a quick look at it uh you've gone below you're not getting back above it this is kind of the best barometer of the smh's because everything needs memory but uh yeah i don't see a lot in here you got three days of declining volume maybe there's more volume before the end of the day but doesn't look a great deal like there's a bunch out there to me uh any chance that it's time to come back into planet tier planet uh planet planet here uh just a lot of sideways action as far as i can tell i don't see much going on on that one uh okay let's see what we got here okay xle xm e we'll return take a quick look at xm e for robert vista gold owns and operates the largest undeveloped gold project in australia the mount todd gold project vista gold just completed their feasibility study resulting in a seven million ounce gold reserve vista gold has all major permits approved and has retained cibc capital market assistance in evaluating alternatives and in completing an accretive transaction vista gold trades on the nyse american and tsx under the ticker symbol vgz vista gold executing a strategy to create shareholder value you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal chapman and your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks you need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and tiger's for just one dollar for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com catch tom will brian professional trader and educator founder of tfnn also a special guest on cnbc tom will bisect and dissect the markets the tom will brian show next on tfnn as we return see what we have here uh up 96 points on the s&p cash and we'll see how the close but i don't know seems like everybody's suddenly incredibly bullish and i missed a miss the memo on what changed out here but uh yeah won't be the first or last time that i'm wrong but uh the only sin is staying wrong not being wrong uh what else do you have out here to to ccj ibb apple we looked at that question about ibm any movement on it today i don't think so many kind of whiffed on earnings and that's about it you got at least it's closing back into the and above the three by three displaced moving average so you may be the worst of it in the short term is over but it's going to take a while to get any of this going uh did we talk about the x me i don't think so yet and we'll see okay so let's look at this you've got we're right back into this shoulder before it fell apart going back down to the the july 6 but uh i don't think you can say anything about it like that uh again the last 30 minutes of the day much more important that goes on when you're talking because everybody will have a chance to actually look and see what he said today like me so when you can not when you have to we'll be back tomorrow building wealth trading in the stock market seems impossible