 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 toast as I try to get my levels right. That sounds a little bit better. It's bad when you can't even hear yourself. What we have is a S&P that's down 25, although it was down about 40, 45 earlier, I think 50 or 55 overnight in the futures. I don't spend a lot of time on the futures because, of course, it's too easy to push those around and not get a good reading. We're still off 200 points on the Dow. Nasdaq is off 81. Russell's down about six. We look at crude oil. It's up about 63, which is not much. Again, even though Iran rattles sabers, they've put pipelines around the Isthmus of Hormuz about 2012. There isn't much that they can't get around. It adds about a dollar, a barrel at that level to their crude and they're making it 12. So it becomes 13 bucks. It's not going to change a lot for the Saudis and the rest of the world if they do tend to ship it. So not much going on there. You know, gold and silver, trying to figure out what it should do. And of course, the VIX, the big mover up today, about 25 percent. Other things going on. We had a very tough overnight session in Asia and I think that continues on with trade tensions as we continue on. Anyway, we're going to look at a lot of charts today. It made a lot of sense for President Trump to go ahead and push all he could for a trade deal now by the markets were at recent highs, especially with the light volume. If you let it go high and prove the fact that it's a weak market, probably problematic. Again, people probably going to want to be buying every dip until it's proven a variety of times, maybe four or five times. They'll buy the dip and give back a great deal of what they had if the market is pulling back. I'm looking at probably about 200 points so you can get back to 2750. That may be the level where this market can consolidate, go forward and actually blow out those highs on the S&P cash with volume. We certainly did not have it. I'm going to say pathetic. Tap it at best on Friday for the huge moves, what we had going into the end of the weekend. Certainly, this is a lighter time of year for the stock market. Start getting into summer trading. I don't see any reason why the market should break out from here. Not a lot of earnings that could actually drive the market higher, at least not in the next week. We have a huge sucking sound. I should have had Mr. Ross Perot set up. A huge sucking sound from all these IPOs, where you may have to take all the cash that would normally go into a market in one month and put it up against three or four IPOs to raise the amount of cash that these guys want to raise in the next seven to, let's call it two weeks. Again, then that takes us into a three-day weekend at the end of the month. That's 27th, starting officially the summer. I'm thinking that there's two scenarios. One, I was looking for a fairly decent pullback on Friday. As I told everybody, I was buying the nuclear weapon and options if we pulled back. They're up fairly decently today, about 230% so far on the first day. We'll continue to keep an eye on that. We could continue to see people trying to buy the dip no matter what. There isn't a lot of selling pressure now because frankly, unless you're in a dog stock, you're probably in a winning position. Probably take a bit to get people to sell. The question is, can you buy or get somebody to buy higher? That is the old thing of who's the fool, the fool that follows the fool or the fool to begin with. Trying to find a bigger fool to buy a stock at an even higher price eventually leads to a collapse. I think President probably did the right thing, which is pushes the advantage, keep the market from going up there and blowing up like a giant balloon, which we'll talk about today, and let the market pull back enough to get the kind of juice it needs to go out and break out to all highs. In fact, I think we get a deal maybe this summer or next fall, or this fall, with China that actually sticks, it could be exciting. To this point, they were probably smart to stay back and see what happened with the bogus Russian issue with the president, because maybe he was out, maybe he could find a weaker president that would take over. If he was reading the headlines, if he knew what was going on, it wasn't ever going to happen. But what we can see now, we can see him trying to push the advantage, and the market probably, at least for a short amount of time, start to pull back. Now, if we thought the end of the world was coming with the IYT, BFO 1.6%, kind of very interesting. We're going to pick through all of this today, but I think we're starting to get some signals that the market could pull back. A lot of cash has to come out to buy these new IPOs. Those new IPOs will not be in the indexes for a while, but we shall see. And of course, as always, we'd like to start the show off with a little bit of history. And of course, you can give me a call at 877-927-6648. Okay. Oh, we always like to come to you at this time, by the way. The following takes place between 2 p.m. and 3 p.m. And what else? Oh, we got some history. What do we have? We've got on this day in 1937, the German airship Hindenburg, the largest bridgeable ever built, explodes as it arrives in Lakehurst, New Jersey. 36 people died in a fiery accident that has since become iconic, in part because of the live radio broadcast of this disaster. It was filled with flammable hydrogen. They had a coating on it that burned like wildfire. It's not too far from what they make solid rocket boosters out of and why it looks silver. But recreations have finally gotten to the point where there was strong wind and they were trying to get this thing to come in and land in a certain area. And the way that they did it probably put too much stress on the rudder in the back, creating a tear that then let all the gas escape, breaking some ribs, and then it finally exploding in a ball of fire. Oh, the humanity. Back in a minute. 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. Headed by Steve Dahl, president of Taz Market Profile, the Taz Profile Scanner understands that in today's technological world, the use of top flight software applications, automated trading algorithms, and technical analysis expertise is essential to successful trading in today's market. Whether you're looking at the trade matrix, the ETF heat grid, the market breadth, the landscape charts, or the many other features of the Taz Profile Scanner, this is a piece of software that will revolutionize how you look at the markets and set up your trades. The team at Taz has even put together a 12-part video series to walk you through every aspect of the Taz Profile Scanner, which you can find directly on the Taz Order page at tfnn.com. Sign up now for only $97 a month with a risk-free 30-day trial so you have nothing to lose and everything to gain. See for yourself how you can harness the full power of the Taz Profile Scanner by visiting the front page of tfnn.com today, and you'll find the Taz Profile Scanner under the Services section. Remember, with a 30-day money-back guarantee, you have nothing to lose. Don't let another day pass you by without trying out this amazing piece of software that will revolutionize how you look at the market and how you place trades. Sign up today. You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of tfnn.com. We even have new pricing in six months and yearly options. 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. I'll start looking at some stuff today. I actually brought that up during the break. I was distracted and I'm easily distracted. Was spending most of the morning watching Microsoft's dog and pony show for developers to see what's coming out. Spent a lot of time or they did spend a lot of time on showing the new HoloLens augmented reality. And if you remember the first Terminator, the Arnold Schwarzenegger would look at something and he'd have all kinds of overlays. Showing what was going on and with arrows pointing which direction to go to and stuff like that. I would just assume that was all built into the same CPU. But of course I know it's there for artistic reasons to tell the audience what that is. Android, was it Android? Was it cyber or something? Was it had human skin over a metal exoskeleton? Anyway, that's kind of what it looks like. It just put superimposes all kinds of things over a clear screen. Interesting pieces on it, 3500 bucks plus whatever the software costs. Doesn't seem like that's going to be a consumer product for a while, but it does look like Microsoft at least the first company figure out a way to make money on it. They've sold about 100,000 of them to the government or a variety of training missions and also to car companies. So where they've had problems trying to push these into Best Buy, either fully virtual reality or these augmented reality devices. Interesting demos, a little bit too much money for what you get, I think. More of the targeted applications for military and assembly line work where they think it will really help. But they had one thing that I think actually makes Microsoft show how well that they are adapting to the world and setting, making the world adapt to them. And that is their new Windows Explorer browser, Windows Explorer. Windows or their Internet Explorer is coming out. And it's got a lot of functionality to grab tables, awful webpages, pictures and format all the text and everything else. It's going to be great for me and my newsletters because there's a lot of times I want to refer to stuff. And it takes care of that, making it look very good through both artificial intelligence and some fairly decent smart programming. So I think that's one good part of it for me. They're finally going to unify all the dotnet technologies under one roof. There's been a lot of them over the last few years. I'd been waiting to release a new version of the art of timing and trade charts. I did send the links to Tommy this morning, so we're going to be rolling that out. Should be a lot quicker and I've added some new functionality to it. One of the problems, especially with working with data vendors, has been to get somebody that will actually understand price and volume trading. It's wrong on a lot of systems and one of the reasons why I think a lot of people are confused about price and volume trading. What we did do with this one and the data folks is put this together. So now the CBOE consolidated volume tape is the volume that you will see under the S&P and others. From turning volume off all together to not giving a rat's patootie about the volume and making it correct on indexes and other things. It's been problematic. Again, these guys are selling data. None of them are stock traders, so you kind of have to lead them by the nose. But we do have a new version. It is much faster. It is much quicker. Same thing, I guess. But now whether you go to the S&P 500 or you go to the NYSE, you're going to have some consistent volumes that are not party to the whims of data. Folks, we've been able to pair up the CBOE, which does the correct volumes. And the data companies that are actually giving you the ILO open close on those indexes and put them together. And I think that's about it. We're probably going to do some promotions on it. So if you haven't tried it yet or maybe if you wanted to try it again, depending on what we do, that will be it. I've been working on that actually since Christmas and trying to update it to everything. So again, with only minor updates, it can last for a while. Basically the only thing I ever use, I don't spend a lot of time looking at minute charts. As kind of a wise man said, Jesse Livermore, a lot of people that are looking at infinitesimal timeframes, kind of like asking what day it is. And the guy looks at the second hand of his watch doesn't give you the big trends, but we will get into those today too. And that's about it. Now, let's go up and above and higher and look at some. Adobe has been one of the ones that has been interesting to me. If I can actually spell it right to to to ATBE. Not a bad looking chart out here. We've been talking about these double repo patterns. This thing was started above the last time really back on the 21st of March above the nine day continue to go high. It's spiked higher gap higher and it's gone back and fill that gap. We're now pushing or we're pushing back up to these highs. But this is one that never had a sign of strength on the breakout had a little bit of volume on one day gave most of it back tried to push back did the reversal. Now we're back at support, but now you should be able to either use a nine day moving average or because it has it. We are timing the trade. You can go up here and use displaced moving averages and you can see what this thing needs to close under to continue being bearish in the foreseeable future. But there's the next three days extended out at the end of the chart. When a lot of people ask me why I like the three by three displaced moving average or any of the other displaced moving averages. That's because it gives me a little bit of a product prediction and price trade of where I want to know that this thing continues either under or if I'm bullish. If it pops back above, but it certainly gives me that trend line. You can give me a call at 877-927-6648 about ready to go to break. And we're still off 2324 points on the S&P cash. We want to check in with volumes. We're doing about four billion shares. We started so volume not again all that exciting. But again, you almost have to give these markets about three days for you. The volume coming in is either on the upside or the downside. It's kind of sneaky. It's not being real clean about what it wants to do other than that giant gap down to be back in a minute. The path of least resistance is David White's daily trading newsletter. And if you're looking for active trading ideas, then now is 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 least 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 least 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 least 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. Every morning by 9.30 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 market insights are specific buy and sell recommendations for stocks, ETFs and even options, which stops and price targets included for every trade in my newsletter. If you'd like to try my newsletter risk free for 30 days, then head over to the front page of TFNN and you'll find market insights under trading newsletters. I use my years of trading experience to bisect and dissect the market every morning and give my subscribers the most important information they need to know for the day ahead. I even issue afternoon updates for my subscribers whenever warranted with important market action. I'm always scouring the market for the next great trading opportunity. Sign up for your 30 day free trial to my daily newsletter, market insights today by visiting the front page of TFNN.com. Well, go get them folks. TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. In collaboration with Tom O'Brien 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 Chart allows you to scan thousands of stocks for Fibonacci formation setups, including guardleys, ABCs, butterflies and much more. The Art of Timing the Trade Chart 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. For more information, just click the Think or Swim banner on the front page of tfnn.com. As we were talking last week, we had a lot of stocks, and I'll guarantee that we're going to have a million of them tonight. And that is a little hyperbolic, isn't it? Not a million stocks. We're going to have a bunch of them that close below either a nine-day moving average or three by three. And I suspect they're going to actually confirm a double repo pattern that's generally used to be when it first designed 10 to 15 days above a moving average, a couple of days below that, a couple of days above it. And then the next turn below that, if it doesn't do much and volume kind of drops out, that's where the big destruction comes. I've got a couple of new ones, I think. And then maybe they're there. I've got a couple of, well, maybe a new one here today is Bud. I wanted to see this one. This is kind of exactly what you're looking for. And that means that you know pretty much where to get out, which is a close above the three by three or just nine-day moving average. But Anheuser-Busch is a good example here. This is how a lot of highs are actually made, and it takes a little while for them to develop. But this is a very good signal, a medium-term signal that a high is in. This would take you back down to probably the 76th range. And that's 10 to 15 days. It's kind of the broad interpretation above a handful of days below, a handful of days above. And then the next close below is the signal to pretty much pull the trigger as long as it stays below there. And you can have a very nice risk reward being short this way. Again, we've got a handful of things going on in cross currents. We start options expiration on Wednesday. That takes us to options expiration on the 17th. And then we have kind of a very long time frame. Without a lot of earnings, a lot of numbers that take us into the Memorial Day weekend, which is, well, the 27th. I'll be leaving the 24th coming back about the 3rd. So I'll be out, but newsletters and all that stuff continue on. The market does not stop when I decide to leave, although I've been thinking about calling them up and asking them to do that. But I suspect most of the shooting is going to be over. If we pull back, which I think we certainly could, we could see some fairly decent lows by June, early part of June, and maybe setting up a summer rally. And of course, if we continue to kind of try to push this market higher, it's kind of like pushing on a string, but maybe they just hold it up. Then more than likely it'll hold up through the 27th. And then we have a horrible summer. Ideally, if you're bullish, you would like the market to pull back here on lighter volume now, rather than go up on lighter volume and make in a definitive tie that gets cremated across the summer. Okay, so what else do we have? I wanted to look at some other stuff. Let's just go ahead and get into that. I want to see a few of these on my list. Netflix, certainly on this one. I have a lot of people keep asking about shorting Netflix. It's kind of a very tough stock to short. Do I have the short volumes up? No, I do not. Let me go ahead and get them up. And that is an FLX. Okay, you had on Thursday about 29% of the shares were initiated with a short position. It doesn't mean they went home with them, but pretty significant shorting. Friday, not much at all, about 20% in comparison anyway. When you get to the monthly time frames, you've got about three days to cover, which is stock like this, probably not that big. You do have about 15 million shares. So that continues on to be kind of decent, but not overwhelming in that. A break, if I was looking at here, hard resistance at 400, a break would take you right back down to 350. So you've got to say on the risk reward storm front, you've got to be looking at the downside as being kind of the wide side of that trading. Now we're down about 18 points on the S&P cash. So they are trying to push, push, push. But again, kind of a wider volume. Let's make sure we got everything here. I got a bunch of positions on. So the only thing I hate is I didn't short more on Friday, but you live and you learn. Again, oh, we were talking about IYT. We want to take a look at that. That one's been fairly volatile. And again, you want to see how these things work out. Trading at about 197 at the moment. No volume at all on this one. I did try to go below the three by three displaced this morning bounced off of it. And the question is if the economy picks up in the United States because we don't have as much imports from China and manufacturing starts to pick up here a bit too. Could we see kind of a really rich man, poor man situation going on? Again, a lot of people have been trying to get into the IWM thinking it would be the big winner on China going down because those companies can react faster to displacements in the market. But that's trade probably getting a little long in the tooth. But a fairly nice bounce in the IYT. And I don't have a great explanation on it just yet. But interesting nonetheless. Other stocks that are on my list of Naughty and Nice are Yelp. Again, this one got cremated, crucified, bludgeoned, shot, stabbed, and hung on November 9th of last year. It got down to 2933 when it blew apart. It's been working its way all the way back up here. The last major high was February 15th at $40.78. That had 4.7 million shares. You got into it on Friday with one million shares. Today you don't have a lot of volume with about 550,000 shares. No close underneath the moving averages yet. But I think we could see these things set up again. And generally you have about a, when the markets go up through options expiration, you have about a 1% bias over time during that period. So it's generally a little bullish. But when they're bearish, which is only about 15, maybe 20% of the time historically for options expiration, it's down 3% on average. So again, you have a lot of asymmetry going in to the end, or the beginning of the summer, actually. We'll be back in a minute, looking forward to your phone calls at 877-927-6648. We'll look at Microsoft and we'll come back. If you are 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. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years to pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to Bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year, or $6,200 over the four-year period. That same $50,000 investment in the Tiger First Mortgage Program would give you $3,500 per year, or $14,000 over the four years. What should you prefer? $6,200 or $14,000 of interest on your investment. If you'd like more information about the Tiger First Mortgage Program, you can call me at 877-518-9190. That's 877-518-9190. If you haven't checked out the Newsletters page of TFNN.com, what are you waiting for? All of the TFNN Newsletters are informative, up-to-date, affordable, and must have for every trader looking to gain a competitive informational edge in today's markets. TFNN Newsletters cover every aspect of the markets to offer you the very latest in market news. Plus, new subscribers get to test drive our Newsletters risk-free for 30 days. From all aspects of the markets, including stocks, bonds, metals, commodities and tech, there's a newsletter to fit your needs exclusively from TFNN. Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game. Visit our Newsletters page by going to TFNN.com and click the Newsletters button near the top of the page. TFNN.com Educating Investors or SPXS Directions Daily S&P 500 Bull & Bear Leveraged ETFs Direction Leveraged ETFs An investor should carefully consider a fund's investment objective, risks, charges, and expenses before investing. A fund's prospectus and summary prospectus contain this and other information about direction shares. To obtain a fund's prospectus and summary prospectus, call 866-476-7523 or visit Direction Investments.com. A fund's prospectus and summary prospectus should be read carefully before investing. An investment in the fund 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. That's TFNN.com. Then hit Watch Tiger TV for the latest market information. And did we say, I said I was going to look at Microsoft and wandered off the reservation. So we'll get through. A couple of stocks looking kind of interesting out here. Paz finally looks like it might have made some kind of bottom. You really need to close back over $1,209 to get into it. But certainly kind of hammered down on three million shares on the second. The last couple of days have been lighter volume. Just a little sideways action out here today. But you only need about 20 cent push to get some of these minors back in to the fold. MSFT. Again, I spent a lot of my time taking a look at Microsoft during these and the other ones, Facebook and Google during their developer conferences. And of course, Salesforce has theirs too, but kind of closed. You don't hear a lot about it. The ones for the big guys tend to be live stream. So I was able to watch it from about 1130 on to about 1230. And you get a little sense of it. Now, I'm not surprised that it's on a little bounce up here. Of course, it's the leader of the market these days. But the bounce pretty light volume. Again, what you're looking for on these, and I think we kind of see it here fairly quickly, is that you've had really back to about the end of March, this thing above the three by three. You now have a couple of closes below it. You get one more close above it, maybe a couple of days, and then it closes back below it. This one actually could have some fairly decent pullback, but for support area comes at about 121. But things get ugly out there, could move fairly quickly. Now we're down to 16 points on the S&P cash. You got to buy that dip. Remember, doesn't matter what you do in the stock market as long as you buy the dip. But we'll keep an eye on this. Other things going on for today, keeping a close eye on the dollar, that certainly rocketed down on the trade issues yesterday where this was trading at about, what about? I'll call it 9780, trading out at around what right now? 9726. Again, a lot of volatility quick off the headlines. And of course, then when we came back to actually looking at the markets today, the ones that actually got slammed were the Chinese markets. And again, maybe a little self-inflicted wound by Mr. Zee over there. Zee, I think it's Zee. I don't want to confuse him with our Mr. Zee in the stock, in the tiger stand. But again, not a lot of movement to make you think a lot's going on. Copper, $2.84. Again, we're looking for copper over three bucks to say that the world economy is really starting to take back off again. We've never really got up there with any kind of gusto. And it continues to be an issue. Apple, take a quick look and see how it reacted to the news. This got right up to resistance. Pop down today, still holding above it. And again, it may take another week or so for this stuff to develop, but it is starting to develop. And that is the next close below a nine day or a three by three displaced moving average pretty much puts a top into this. You could easily see a pullback to 190, which is this ledge from about the 21st of March back into the 28th of March. That kind of looks like where you have a lot of support in those three down days, at least red candles and a lot of shorting. You had some people short on Wednesday last week, but that was about it and Apple. Again, I think there are much better stocks out here to short stocks with that cash. Companies that are issuing more stock and diluting the shares, a lot of reasons to do it. Apple doesn't have any of those reasons. Again, I don't know why it's up here, but at the same time, I don't see a lot of cause. A lot of other stocks that have a lot bigger things to hit. A little bit of weakness, but light volume in the Boeing company today. It did gap down with the rest of them. As long as it continues to hold this 370 level, it's one of two things, either accumulation or distribution. People that are bears would say distribution and people actually that are bullish would say accumulation on this downside. I don't think in a year anybody's going to talk about it. I remember when everybody was yelling and screaming about Intel and all the horrible things that was going on with people being able to hack it, it will because of some issue with the processor. And here it is, what, a year and, I'm going to say a year and three months, maybe a year and four months later, still nothing. Still nobody that was hacked by that supposedly specter meltdown fraud that went on. You know what? If you can go out and rob a house that's not locked up, why do you need to go in a house that is locked up that takes a lot more time and you're making a lot of money or making a lot of noise breaking the windows to do so? There are a lot of security issues with anything, but for the most part, they aren't in hardware because to exploit them, you almost always have to have the hardware. And if you've got the machine in your own care, just very tough. If you've got somebody that can go plug something into a machine in an office, I mean, you're already inside and that is not what anybody thinks that you ever should be able to protect against. I mean, you should have good security, but kind of interestingly, Tesla sent out a really nasty letter saying that if you leak any information on Tesla, we're going to find you and we're going to ruin your life over the weekend. But, you know, in security, it's never about one thing. It's not about the barbed wire. It's the fence and the barbed wire and the moat and the gullies and rocks and all the other stuff you have to come over. It's security is never one thing, but I always thought it was a narrative. That's a story put above logic, truth, and your own good sense that's pushed by the media. And I'm not exactly sure why Intel actually got pushed that hard back then. Maybe somebody wanted the shares. Maybe someone didn't want the shares. A lot of palace intrigue that I would rather just stay away from in Intel these days. And most people know that I dislike immensely a CFO becoming a CEO of a big company like this. So I'm going to be passing on Intel until they pass on the current CFO or he, or CEO, excuse me, or he proves that he is capable of it. And you kind of have that Star Trek thing. You got to have Kurt who takes all the risks. You got to have a logical guy like Spock. Spock couldn't run the ship by himself. He needs Captain Kurt. So we don't want Spock to run it forever. Just my two cents. We'll be back for after the show. 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 newsletter signals which have earned me the ranking as their 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 TFNN.com and get immediate access to workshops where I take you step by step how to use 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 TFNN 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 bull 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. 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. Later Basil found that computer software which included the standard market technical indicators enhanced 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. The Tom O'Brien Show, next on TFNN. And as we get to end up the... That's it. Okay. Just looking at a handful of things here. I want to see how this is winding down. We're off 13 points in the S&P cash. Dow's down 85. NASDAQ's down 40. Russell's down three. And again, everybody's going to buy these dips. What we can say is the volume off the lows this morning is pretty light. Also using up a lot of energy. We haven't had volume at the highs before. Nothing's really changed since last week. No real new catalyst to drive this market higher. Earnings are going to be from much smaller companies that can't really move the indexes around for the rest of the week. I didn't see anything in there that was that exciting. Again, not uncommon to see going into the 27th. See a market just kind of drift higher and squeeze the last of the shorts out. But you know what? If we do that, then there's some real destruction that's going to happen this summer. Again, if you're bullish, what you want to see is this market pull back into the end of the month on lighter volume. You don't want to see it drive up to some highs that are truly unsustainable and let everybody know that there's no way and a major high is in. But you just can't tell right now. Noncommittal to the upside, noncommittal to the downside in these markets. And again, we're going to need a couple more days. I'll be looking at options tonight to see whether or not a lot of people blinked and started buying downside protection, which would be a good sign that we were. This is a kind of a one day thing. But if they didn't buy options, kind of a good sign or at least protection for lower, probably a pretty good sign that there is mass complacency. In the meantime, sell when you can, not when you have to. We will see you tomorrow. Same bad channel, same bad time.