 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 yes I am back and we meet at the sacred and appointed time you knew that something was going to have to be wrong here and I don't know why but you got to think that just eventually one of these things would actually work and see where do I have it I got it right here we'll see if we can't reload it and run it again as we said before yes I'm Dave and doing Dave things as they say in the den closer to the 50 minutes okay I got a lot of people asking what's going on today well you really have kind of the last day or two of fun buying and it's supposed to be the first couple of days of the month so that would have given you Thursday and Friday potentially although no nobody's ever been put in jail for that I figure that you'd probably get a bit of that left over today and maybe tomorrow of course the sycophantic press on CNBC doing nothing but harping on Apple's big dog and pony tomorrow and they it just it feels me like it kind of makes me think that I have to take a shower after watching about five minutes of the slavish like devotion that they give to one company I wouldn't mind if it was just that or if there were some really great rumors I mean if there was really something going on but there's two I'm going to call it two things there's two companies that they probably couldn't live without that would hurt them financially and that would be if Warren Buffett doesn't come on so they've got to treat him with kid gloves and of course maybe Apple maybe a handful of other companies they have to probably do their bidding I always think of that one gal that's on there that her and I think her name is Eunice that is in China and she always looks like there's five or six armed folks with rifles pointed at her if she says anything untoward I always wonder she always kind of reminds me of one of those hostage videos but he got kind of the same thing anyway maybe it's just my irritation over the years of how many of these things have been blown up way over proportion as I said if there was some great rumors of something coming out but you know as far as we know right now and generally there's some rumors if something big's coming out they may be a little wrong but there's still some rumors we have huge rumors of a slightly more square eye watch so is that enough I think that's like a two percent of their profit three percent of the profit if you're seeing BC maybe nothing's going on and so it's an easy thing to do but as I said not much happening quite yet do not be surprised to start seeing a little bit of money coming in at the end today and tomorrow and that could be the end of fun buying as I said no one's ever gone to jail for not buying it on Monday on the Monday or first and second basically there's a charter and if you dig into any ETF or fund that charter about 80 percent maybe 85 percent of them will say that we'll be fully invested on the last two days of the month in the first three trading days so the six actually would be the third trading day but many times if they think the market's in a downturn they don't want to get in front of it if it if they want if they buy today and then it tanks tomorrow even though that they know it's going lower their job as a as a fund manager is to try to make their numbers look as good as possible while still being 100 percent invested now the money manager on the other hand who buys the funds will probably want to know that he's 100 percent long or short and whatever fund he gets and he'll hedge he'll he will hedge off the rest of that issue if he thinks it's going lower so the head funds manager may buy buy a lot of out of the money puts or calls he'll do a lot of other things but he wants them he wants the fund manager to be 100 percent whatever he's doing so if it's the SMH is or if it's a broader index he just wants to know that they're 100 percent invested in whatever he has and that way he can run his little spreadsheet and figure out exactly how much risk he has and of course they use a method that's not very good but it is approved by the government and that's all I think a lot of them care about but do not be surprised to see it a little bit more before the end of the day do not be surprised that they try to whip up a fervor a cultish fervor tomorrow on apple and a few more are the things one of the big problems with september is that generally or mostly the biggest downturns have been in september going back to the crash of 1929 so if there is a month where you're probably considering using options rather than buying equities if you go long probably not a bad time to do it I think you want to if if you're trading just know that like friday you can get pearl harbored in the middle of the day and most of the option market makers were that way something else that actually happens tomorrow and shortens up the normal time frame is what some people called weird walley wednesday for a wall and chuck he was a trader I haven't heard anything from him 15 years who talked a great deal about about how it started to work he didn't get into great detail but he started and I've dug over the last 20 years of listening to it there is that whole thing where everybody's figured out because of the black souls formula that you want to be out you want to be out of your 30 day or 60 options and the last seven trading days you you want to be them hedged out you don't want to take any more risk because you're more likely lose more money than the money that you would keep if they just continue to go to zero so there's this kind of a automated black box that is always adding and subtracting to positions to keep them hedged out and have the risk correct but that really starts with tomorrow that is the delta neutral day and it happens a little early because we were closed so we're going to have a lot of different currents cross currents going through the next pretty much 24 and 26 hours or about eight and a half trading hours we'll be back in a minute booming inflation we are purchasing powers eroded there's no better place to protect your hard earned money than ain't gold this the gold's flagship asset is the mount tod gold project in the northern territory of australia this is australia's largest undeveloped gold project we are talking a world-class gold project in a tail 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 tod feasibility study which resulted in a seven 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 tod as an attractive dearest pot ready development stage gold project this the gold trades on the new stock exchange under the symbol v gz 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 define the ranges in which stocks trade by understanding these 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 brian is here to help tom o brian has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade network and CNBC tom o brian 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 brian'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 but not a little higher we're looking for some kind of action here in the next I'm going to say 15 30 minutes the reason why is a lot of these orders and if we don't get one that's a major sign too that is all the money is probably in there's a thing called a market on clothes order not like we talk a lot about the the mechanics of trading as much on the show is probably we might but market on clothes orders generally come in and there'll be some kind of trader who probably works for Goldman Sachs or some of the other big companies and they'll say hey I want to buy half a million shares or so and so or I want to buy or sell 100,000 shares or so and so and their job is to actually get that done and you can place an order with them as far as market on clothes and there's a there's a thing called a widely accepted price and there's a calculation for that and that's always been kind of the benchmark on whether or not you're getting screwed over by your broker dealer and of course if you do then you move on to somebody else that can handle it get you a better price over time but there's a few things anyway the market on clothes order generally about two o'clock you'll get the big guys the Titans of Wall Street will get those and they'll try to figure out how they can put together a market in which they can sell for the highest price and buy for the lowest price in the last hour and a half of the market and their job is to be smart enough of course they kind of know where the bodies are buried and they can tell people but it's not so much that they get a specific price it's this that they are very much within the line of the average price of the day into the end of the day so you've got a few things those market on clothes orders and they tend to come in and that is in the last hour and a half or two hours one hour or 30 minutes because you could put them in I think anywhere up to 320 used to be the way it was I think it was you could still have a market on clothes order that you fired in at 320 Eastern time so you never know when some of those are coming in a lot of times especially in weak markets a lot of folks try to hold their powder late until the day but like I said with apple tomorrow you still probably have some money hanging out there my guess is you'll see a lot of it that may they may try to just fire it away at the end of the day to try to get the indexes back up and make people look a little better they're probably thinking man what can I do to sell more apple shares tomorrow so we're going to we're going to chum the waters a bit we're going to make the market look a little bit better everybody's going to think the downsides over and we'll be able to sell something that's kind of the theory or thinking that goes into a lot of what happens actually on Wall Street now of course us as retail traders could really care less we're watching what they do we're not watching what they say and uh generally if we have a little bit of patience we can find sometimes where they're either pushing it down to buy it or pushing it up to sell it and uh follow the uh follow the big guy down the street and figure it out now um I'm trying to think if there's anything else I wanted to talk about today uh apple tomorrow was pretty much it um I don't think that there's a whole lot past that I looked you know we got pearl harbored on uh the semis last week uh with the embargo especially of high-end GPUs so AMD and and Nvidia both got kind of smacked with that uh Intel I didn't really get into that much uh let me see if I can bring this up here uh but I if there's a company being humiliated at the moment uh it's got to be Intel I mean the news this gets worse every single day whether it's from Nvidia or AMD now it's not doing AMD world of good uh but Intel has finally gotten back down to a very uh is a long-term move in fact how many years do we have to go back trying to remember where it's at it's a little amazing even farther it's five years 10 years you kind of there's kind of some kind of a ledge right here at about 31 bucks to 30 and you're into that today with no real sign of moving but um there's uh always going to be those that are a little better off and those are a little worse off uh but Intel has done nothing uh but uh drop the chalupa or put the baby roof in the punch bowl whichever of my sayings you like the best uh but it continues to be problematic uh Intel is not uh it is going to be raising its prices on consumer uh workstations and high-end desktops AMD said that we're going to keep their processors the same uh there's a fairly decent glut of GPUs for both AMD and Nvidia but uh it certainly didn't help them at all uh to have the embargo come in and very you know maybe it was I was off but I went back and looked I didn't see anybody talking about a potential embargo this was really something out of the out of left field now AMD any better off well I'm going to say on a percentage basis it certainly looks better uh but uh the question is uh that I've instantly thought about if you know anything about the origins of the second world war uh was uh that uh Japan actually decided to bomb us in Pearl Harbor mostly because we cut them off from steel and of course we were the big steel production production at the time now Nvidia is broken through the previous low with higher volume now we've got a little a little lighter volume so you want uh if you are bullish on this you want it to go back up a little bit then come back down on very light volume now you're going to have to have a lot of volume to break through that gap down on September 1st not saying you can't have it don't think it's likely though right off the bat but you're probably going to get some kind of bounce then you're going to get a pull back to about 132 and that is probably at the point where you might find at least a temporary low in these but again what do we have we've got fun buying probably over today or tomorrow that's probably about a percent uh in this market on the positive side there's some other things that are positive in this market but it hasn't worked well for it so we want to keep uh keep ourselves on tender hooks and stay frosty none of this actually will be back in a minute 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 published a 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 chart 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 and days weeks or even months searching to find and right now we're offering licenses available at only seventy nine dollars a month we are so confident that you're gonna 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 have our first question from the din today about kameko let's go back and look at a smaller time frame uh you're back into the previous highs the volume is about the same my guess is that we're seeing some consolidation and we really need to see a break of the high to get it out of this big trading range from about 22 to 20 to 30 my belief though is that it probably will not go and break below this 25 dollar level again where you had the double gap there's a lot of reasons why i think i actually wrote about it in the tech insider on friday but there's a there's a lot to be said for what kameko does and even if someone else wants to do it the number of years that would it take to get in in line for what they do are ready they are a commodity seller so as the price goes up they should do well just like the energy companies who buy crude and refine it they're kind of the same in the kind of same vein you didn't really have the kind of of energy blowing through the top that's probably pretty understandable with the the markets we have now which are kind of sour no one wants to stick their neck out but i think you're going to bounce around in these levels until you get back up to 30 two and a half and we're going to break through that and then that's going to be some pretty much open field running that could it do it in this next move it could my guess though is you're going to consolidate out in this 28 to 30 dollar range for a little while until crude starts going higher and then you're going to find ccj follow it so i don't think much right now we bought it a couple of times and made some good money in the path of least resistance so i'll look at that okay i think i got that why is it doing this okay i got that okay i got some emails here so we'll get those kupa software c o u p or no this is uh coupons well i wish there was a little less energy down at the previous lows but are off the high of this august eighth high but you got to think with the the markets starting to decline maybe a little bit higher unemployment rates generally coupon companies do well in those you certainly are down on a light volume as i said the only thing i dislike is that you came down on more energy on coupons i thought this is kupa software he says kupa software is that wrong it may be let me redraw this it is kupa software thanks okay used to be coupons dot com uh kupa software let's go back through this cloud-based business spin management platform that connects its customers with suppliers worldwide kind of provides visibility into and control over how companies spend money optimize supply chains and manage liquidity you got a high volume low at $50 and 54 cents and do you have to go into that now the big problem i have almost all these is the energy off these lows in august down to the current lows had a little more energy and generally that means more of a u bottom than a v bottom i do like the light volume the last few days uh being that i think we're in a bear market uh even if you want to buy some of these things at the lows i think you have to wait and make darn sure uh that you test the lows uh probably never more important and on this case i probably wouldn't buy it even if i liked it unless it touched uh test that candle which is the june 17th low at $50 and 54 cents yeah well it's a high of that day to the 5470 so you kind of got into it three days ago so you did kind of touch it it's on lighter volume my guess is a lot of these are going to find themselves uh sucking themselves back into that candle i at least want to see something like uh $52 on that and fill at least that candle about half the way before i would do anything and then again my guess is that with the energy on the way down it's more of a u bottom uh than a v bottom uh got a couple more emails see what you have here and the new man checks in thanks again vic and see what else here okay uh two let's go ahead uh one of the other things that's really starting to yeah let's do this in f lx uh one of the things that's really starting to come along is uh these video streamers have a thing called tune out time uh t o t and the the backbone of the internet has gotten fairly good at figuring out people watching different shows even though they're being streamed nielson's worked on this a little bit some of the other companies but the tune out time t o t is becoming kind of a metric for wall streeters on how these different companies are doing now let's say that you watch some uh tv show and it's all nice and beautiful and then they kill a kid well nobody wants to see that so you tune out so kind of uh a they now know when they do something that irritates enough people almost instantly when it's you know out for a few days that maybe they shouldn't have done it if they wanted everybody to watch the series to completion or the movie but they know when you're ticked off about something or don't want to watch it anymore so that tune out time has been applied to a variety of companies but right now on the biggest selling uh or not the biggest the most expensive series that they have they're starting to take a look at it for the ring of power apparently it's fairly high hbo seems to be doing the best and that is if someone starts watching they pretty much watch it to the close but both netflix and disney are getting tune out times that are fairly high now on disney you finally come back fill this gap higher that started on the 10th of august that was on 26 million shares so you can finally say that at least it's come back into lighter volume out here again most of these have come back with some a decent amount of energy disney actually on a chart basis looks much better than netflix at the moment but uh be advised there is a metric for these companies now and if they throw half a billion dollars on some series uh people probably ought to watch it and uh now figure it out a way to figure out if people do we'll be back in a minute 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 tick 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 the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information paper white's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future david white has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for 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 i'm asked about bed bath and beyond if you missed it the cfo committed suicide over the weekend i always thought it was interesting and actually spent some time helping a a skeptic who goes back and looks into things like how many people actually died during the war the world's radio show and how many people actually dove out of the high rises during the uh 1929 market crash and by the way none we couldn't find any in any of the newspapers or anything else anyway this guy did jump out of the news out of a high rise uh and just kind of very interesting background this guy's been in uh uh the four of the last five companies he's been in have gone bankrupt as cfo and there's quite a lot of money to be made going out of business we've brought it up uh before uh the downside is he may have gotten a little bit of greedy uh this time and one time before and uh they were coming after him for a pattern of uh marking up stock and selling out um so as i said he took the easy way out i don't know how easy that is because if i ever i just look at something and i'm scared to death but uh yeah i don't know if that is uh i don't know if this is uh the beginning of the in for bed bath and below but uh certainly it's not a good thing uh to have but you know if you look at companies like this now they it became a meme stock but how many companies can we count off now that took years to go out of business and sucked up huge amounts of cash uh in the process sears k mart uh radio shack these things hung around for forever uh through a bunch of fine natural chicane re uh and very few of those people actually had to pay the price but uh as they said in the godfather you can steal more money with a briefcase than you can with a gun uh yeah it is it's that's it uh everybody talking i don't know maybe i missed it here about evs today um and talking about rivian a lot of these stocks that did sell off early they've kind of been burnt out you got a little bit of move up here on rivian i think any of these evs uh every time uh the quartel actually starts talking about raising prices is generally a good thing but even in uh we talked about china not letting people recharge their cars before we went on vacation uh now it's los angeles having the same issues and saying well we can't let you recharge your car because we got problems just producing electricity we need now less uh less you pull something like that off that pulls a lot of power uh but uh i don't know if i think everybody probably look past a lot of that but uh you know as i think i brought this up a few times uh and that is if i was a land guy it takes four times as long or maybe even eight times as long uh at a gas station to recharge uh a electric vehicle compared to a gasoline powered vehicle that's probably going to get slightly better but how many more corner uh electrical places are we going to need to recharge um if you had just the same amount of gas pumps uh but four times as many people taking four times as long you got to think that a lot of those corner uh rallies and and uh thirst i think is it Thurston's Thursdays whatever they are down here on the corner and Wawa's probably not a bad business to be at if you've got a lot of room because you're going to need it for those rechargers and the people are going to have to stay there for a while so they may not be in a bad business as gasoline eventually goes farther into either electricity or hydrogen of course hydrogen basically same time that it takes to recharge a car as a gasoline but if they're going to continue with a lot of these electric vehicles corners for gas stations that have not just a little but a lot of land where they can you know let people uh get next to uh a recharging cable probably not a bad business i wonder if it'll do better than the actual cars over time Tesla chargers at the uh at the strip malls that'd be interesting be interesting okay it says in california this is duffy the cell is not charged until after 9 p.m most people drive less than 30 miles a day easy to top that up at home overnight uh tesla charger at wawa's and they have a deli you know the ones i have here i haven't seen any charging stations so maybe that's something else yeah the shopping centers so i wonder how many people really want to do that if you're you know if you're going home i guess you can just plug in there yeah california they've been given 30 grand away just uh to uh tesla for every car sold for like forever so yep same thing uh go back here into this okay uh question to take an actual look at the chart of apple before their big dog and pony tomorrow it really not bad a little bit lower as i said i'm not really unless something really comes out from out of the blue uh which we haven't heard or seen and generally there's at least some leak and as of this morning i didn't see much of anything but certainly you know could it could they get anything if they bounce maybe 162 if they really came out with something but uh i think the big problem is any bounce you get uh were instantly out of fun buying by thursday so that's kind of problematic um let's see what we have here really haven't gotten anything yet uh for the market on clothes i don't see anything at least in the indexes down 14 uh so yeah delta neutral day tomorrow i'll probably going to see a lot of action both up and down more than we had today crude oil let's take a look at the xle for robert and the opac rat is rattling there's sabers about writing prices high just down on lighter volume today on the xle not a lot going on um you've got it you know you basically completed an abc and like i said i think just because of the market conditions even some of these that are doing well are acting more like a u bottom instead of a v bottom and that may take maybe into the 15th maybe into the middle of the month before uh those even start moving back higher we'll be back in a minute 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 7 million ounce gold reserve vista gold has all major permits approved and has retained c i b c 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 v gc 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 in 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 seven 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 seven 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 tigeresses 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 o brian professional trader and educator founder of tfnn also a special guest on cnbc tom will bisect and dissect the markets the tom o brian show next on tfnn we wrap up the show we're going to learn a great deal in the next day or so as i said we'll find out if anybody decides to plow in before the end of the day and we get any money from fund buying or if everybody's just so gun shy that it doesn't matter if we close lower today probably not a good thing but again you can get market on close orders in the last 30 minutes by the time we get in tomorrow of course the song and dance for apple will be a big deal we'll see if maybe somebody left a little money out there to chase apple higher and try to suck some more people in probably the big news of the day is going to be the tlt if i had any one thing to talk about certainly the dollar and the tlt the last major low was june 16th uh and that was at 107 48 for the tlt he had 26 million shares got 16 million shares now you haven't quite touched that absolute low yet uh energy actually if you just looked at this on a chart basis now probably not bad my guess is you're going to have more like 40 or excuse me you're going to have more like 20 21 million shares but uh at the close of the day but if that was one uh that i was going to look at and see how the volume came in um that would be this one would probably be it and that is that test of that june 16th low um one of the other things is you do have a potential three gap play out here two and if this is the last gap it goes that the idea would be that you could get a rally back to where they started that would be in the high 113s or 114 so maybe the fed blinks a little bit maybe that reverses a little bit but certainly you may be finding a little uh a little sand beneath your keel as the titanic goes down right about this time i've mixed enough metaphors for one day we'll see you tomorrow same bat channel same bat time remember to sell when you can not when you have to building wealth trading in the stock market seems imp