 The following is a presentation of TFNN. The Morning Markets Kickoff with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, company live from TFNN just after 9 a.m. Eastern Time Tuesday morning. We got about 24 minutes to go until the start of trading and we're kicking things off with negative prices. And that's after quite the decline yesterday from the gains we had early. Right now, you're trading negative by 10 points. It's a quarter percent of the S&Ps at 41.31. You zoom in on the action. We were as low as about 41.23 just about an hour ago, coming into 8 a.m. That matches up to the lows we had pretty much at the session close yesterday. And you look at the action that we had on Friday for the jobs number, we kick off that number at 41.60. You actually make it to almost 41.90 early in the session yesterday. And just like that, we're down to 41.30. The plunge that we had on that jobs number almost got to 41.00. You're talking about about 41.05 for that number. NASDAQ 100. You're down about 6.10%. I go over all those numbers because the NASDAQ 100, we are below that level. We're basically at the lows that you had from the jobs Friday number acceleration. You make it up to 13,419, just like that. We're 300 points below where we were trading at less than 24 hours ago in the NASDAQ. Some of the big bank stocks, you had some big pullbacks yesterday, man, across the board on some of the biggest equities in the world. We'll jump over those in a moment. You got the Dow right now, basically flat. You see the action in the Dow. Dow, where we were coming into the jobs number, right? Interesting. So you got the NASDAQ 100, basically at the lows of where you spiked on the jobs number. You have the Dow, where we were coming into that number. S&P is just below where we were. Russell right now, you're basically sitting where we were as well. The Russell, basically flat as well. Bitcoin, you're down 800 bucks. You're making the 24,300 yesterday. You lose about 1,100 bucks from that price. 23,200. How about crude catching a little bit of a bid, man? 87 bucks on Friday, almost got 87 bucks yesterday. Just like that, we're at 92 bucks, and you're up about $3 just over the last, about four to five hours in that crude contract. Taking a look at crude, I mean, Kent and I, we got below a critical area of support there for crude. You make it down to an 87 handle, back to 92. We'll see how crude behaves, but lower prices in the energy market cannot deny that, at least in the short term. Natural gas, take out that chart, right? Talk about a double top, man. 975, we make that price on July 26th. We're currently trading at 780. You're up another 21 cents right now for natural gas. You talk about some moves, man. Last week up to 848. Gold's catching a bit this morning. Up to 18, 14, 10, you're up $9 on gold. Gold back above where you were in terms of the price action on the jobs Friday. Interesting in terms of where all these markets are considering where we were on Friday. Over the 10 year, almost sitting at the low that we got on that initial move, you're talking about a yield right now, 2.79% we'll call it. Almost 2.8%, 2.79, the yield on the 10 year. You got the 30 year right now, not quite the same deal, right? I mean, interesting. Usually of the 30 year moving a lot more, right now we have the 10 year, negative nine ticks. You only have the 30 year, negative seven ticks. It's usually the other way around. If you got the 10 year, negative 10 ticks, you usually got the 30 year, negative 20 or 30 ticks. Almost maybe a full point sometimes. You get that type of movement. Nonetheless, we jump over to the VIX, 2119. We almost got a 19 handle on Friday. You make it to 2076. I keep bringing it up. At some point we're gonna get a spike, folks. We have a lot of volatility in this market. And we have a lot of data coming down the line. And I can't imagine that the VIX just fades into oblivion as we try and tame 9.1% inflation and we try and do it in a job market that's gaining 500,000 jobs a month with unemployment at 3.5%. It's a tough one to wrap your head around when you run those numbers like that. Let's jump into some of those fang stocks yesterday, man. Cause this market, you check out the NASDAQ 100, as I mentioned, you're talking about more than 2% from where we were on the highs. And that's what's gonna happen when you get these types of moves, man. Apple, Apple gives up basically $3 during the day. I always talk about the numbers cause they are crazy. It's about $50 billion in market cap, folks. Five, zero, $50 billion in market cap. Apple's gonna open down another dollar today, okay? Basically just in line with the NASDAQ 100 down about 6.5% Apple gonna do the same. Even Amazon, talk about an acceleration, man. Amazon's been on quite a run. You open, you spike to 144.23, you give it back to 139. Now, here's the deal as I'm jumping around. You can't run like this forever, folks. Even if you think the lows are in, okay, in this market. Putting these back on a daily. Even if you think the lows are in on this market, you have a stock like Amazon that just traded from 106 to 144 in the span of less than a month, okay? Even taking, now you could say that was an A to B. You got the A leg at 106, you got the B leg on Amazon at 125. So you're talking about almost a 20 point A to B leg. You go from 115, you blow past that, you almost got a one to 1.618, right? I think you did. Let's see. Let's see if I can throw this on here quick enough. No, this is the one I want. Okay, didn't quite make it to a one to 1.618, right? You had a 20 point A to B leg, you make it above the full projection, you make it up to 144. The 618 would have been 147 though. You make it up to 144. Nonetheless, taking that off, the real point of this is from July 13th, adding that drawing, taking a look at the Fibonacci retracement. You're talking about a natural move, folks, a 382 retracement brings you back below 130, okay? So we're trading at 139 right now. Keep that in mind across the market. That's Amazon for you. We went over Apple. They all did it. You jump over to Microsoft shares, 285 to the below 280. You jump over to Google shares to 120 down to 118. Tesla's gonna be splitting three for one. That's gonna come into fruition August 25th, I think they'll go three for one. Tesla trades down what $40 from the spike high. Really interesting action when you get a spike on the open and man, it just gives it up just like that, just that quick across the board. All right, let's jump into some of the headlines we got pulled up here this morning. We'll kick it off with, how about a little home? Homelistings, check it out. Home inventory, we'll get the headline there. Sores as record rate with U.S. buyers pulling back. Slowing demand means more properties being left on the market. We've talked about whether it's going underpriced, right? Whether it's having a price down. Markets didn't see that happening in many times in the last couple of years. Buyers some negotiating power. My dad and Bestford do a great program on Friday. It's folks from three to four where they talk about real estate. My dad brings Bestford on. And one of the things that they've been talking about that Bestford's talk about is people are afraid to go in under-asking because for so long wasn't even close, man. You wanna get a house, you go in at least somewhere above asking. And that's just not the case anymore. Do not be afraid to go in under-asking. You're gonna see headlines like this popping up left and right. And that doesn't mean that prices are gonna crater, okay? But it does mean that it's a market where there will be negotiations. And even, I mean, what I say to people is, with the run that we've had in home prices, folks, I think a lot of people will just be happy if they just settled like this for a year, right? If they just settled like this for a year or two. If we have inflation raging, assets go up in inflation, folks, because the dollar's worth less, okay? Assets go up in value. Everything's correlated in some degree. Things get out of whack, they do. But if milk bread and milk bread and it used to be milk bread and cigarettes, right? That's what my dad used to say. He'd go down for, I think, a quarter and go down to the show and get milk bread and cigarettes. Thankfully, that's not the case anymore. We'll say milk bread and avocados. How about that? If that cost you four or five dollars, it's gonna correlate to our house. Stay tuned, folks. We'll be back talking to our man, Kevin Hinks from TD Ameritrade Network. Be right back. 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Welcome back folks, we get the S&P futures right now. Negative by 13 points, we're trading at 41.29. We're just under the lows that we had yesterday afternoon. S&Ps coming into almost that low you had on Friday's acceleration. NASDAQ 100, you're negative by 91 points. You're right at Friday's low after that jobs number. Let's jump over to our man, Kevin Hicks. Every trading day folks, 12 noon Eastern time, right here on Tiger TV, the TD Ameritrade Network with Fast Market. Your hosts, Kevin Hicks, Tom White, the whole team at TD Ameritrade Network. They walk you through the day's market action folks and they set up hypothetical trade setups. They're usually breaking down three different equities throughout the program. Every single trade they set up folks defined risk using options. Check it out every day at 12 noon Eastern time. Kevin Hicks, a lot's happened since we talked to you last Thursday, man, good morning. Good morning, Tommy or Brian. Yep, we have consumed and digested quite a bit of information over the last couple of days. Today, however, dry powder day, right? Traders have been waiting for tomorrow's CPI number. It's gonna be a big one. One way or another, it'll be a big one. It'll be a market moving event. The expectations now after 1.3% a month ago, they're looking at just up 0.2% this month. So we'll see what that happens. But Tommy, the potential for disappointment is set up in what the core is looking like. The year over year core is still expected to sit at or near around 6%. So even though the headline numbers that might be reflecting lower crude oil, lower grain prices, lower overall food and energy, might be diluted by a high core in terms of CPI. So it's gonna be interesting number that, that's for sure, Tommy. We got a look at inflation this morning with productivity and cost that came out. They were lower, but not as low as expected. So we're looking at that. And if I be was, I guess, the best way to describe the NFIB number is before you can start going up, you gotta stop going down, Tommy. And so the NFIB number has at least firmed up, even though it's still below the 48 year average of 98 at 89.9. So things are firming here in terms of economic data, earnings a little light in terms of headline numbers, but our headline companies, but certainly Disney tomorrow will be a high profile name. Today, Tommy, we're gonna look at wind resorts, a good China proxy, if you're looking at that, right? Why? Because they make most of their money in Macau. And then like fully old do presentation on Coinbase. And then we're gonna look at, we're trying to figure out what's the best one to trade in third segment right now, maybe Roblox, maybe Akamai. We're looking at a bunch of names right now. We're in deep discussion, Tommy. It's pretty amazing when I pull up those charts, Kevin, as you're talking about them win. What was that recent low? My goodness, recently trading at somewhere around $50, you're at 65 last year, you were at 140, just remarkable pullbacks across the board. I wanted to jump back as you talked about some great analysis on the CPI number coming out tomorrow. I wanted to get your take, Kevin. So we get the jobs number that's a bang out number, 500,000 plus, we got unemployment at 3.5%. The market accelerates lower. You may think that because that may be forcing the Fed's hand to say, hold on a second, maybe the economy's not coming and inflation will still be a problem that the Fed will have to hamper and they might be able to, if there's so much strength in the jobs market. But then what happens? We rebound, we rebound into yesterday morning, then we get a NVIDIA guidance that was just pretty abysmal yesterday before the market. And still, Kevin, to get to the question, the Nasdaq 100 was higher Monday than when it was when you came into Friday morning. Now we had to sell off, we're below that level right now. We're still within one to 2% of that number. What was your take as that market? Cause I was, remarkable action is the way I put it. You know, in terms of we get such a bang out jobs number, and listen, we want a strong economy, man, but not if it comes with the inflation number, right? And then you get the NVIDIA revision and still, we had the fang stocks just popping higher yesterday and there's still a pretty relatively, good levels overall in the context. What was your take on Friday to Monday action? I was pretty perplexed by it. Well, the Friday jobs number was interesting in terms of really strong jobs, right? Unemployment kicks down, but hold on a minute. Before you get excited about a 3.5% unemployment rate, the labor force participation rate kicked down. That is concerning within that number. So the 3.5%, I discount that because people actually leaving the job market that's concerning there. Now let's get to the inflation data. The wages were firm and higher and better than expected. That's what moved yields so dramatically higher during the day. So the inflation, you know, it's almost Tommy, when you get the jobs data, you break it down into strength of the economy, inflation. You can't really get something for everybody there. So I thought that was that mixed number. It was a little inflationary, strong, but it definitely gave the Fed an all go green light for the next Fed meeting. Now, let's get to Monday. Monday started off looking pretty strong, right? As the overall market started to look at that jobs number as pretty positive. Then, Nvidia comes out and Nvidia talks about weakness in gaming and pretty big down, you know, their earnings come out the 24th, Tommy, and they did the responsible thing when they saw a dramatically different number. They announced it as soon as possible. So 8.1 billion in revenue down to 6.7. That is a big drop in revenue for the quarter. So, and the reasons they gave it, overall macro and gaming weakness, well, that led right into, as you know, Microsoft, which has got Xbox and is buying a video game company. So that led to weakness there. And then the market overall, I think because of the size of that, read into a little overall economic weakness, Tommy, and the market just softened slightly. Yeah, it was wild action, man. I think that, and again, a great breakdown, man, the numbers were staggering, the revision. I was shocked that we even got a thrust on the way, even just for the few minutes as the market opened, Kevin, before we traded lower. The gaming, I think they went from 3 billion to 2 billion. Imagine running a segment of a business, folks, and you're supposed to take in $3 billion. And guess what? You're gonna take in $2 billion. It's like, wow, man, quite a revision in a big way. Well, Kevin, we appreciate you taking the time on a busy week, man. I guess it all boils down to CPI in one way, because if it's data dependent on the Fed, we got a super strong economy. So I guess all that matters is what's happening with inflation. We get some big numbers tomorrow. We'll be watching and we'll be checking out the program Fast Market at 12 today, man. I appreciate it. You have a great one. Thanks for having me on, Tommy, be well. Always a pleasure, man, you as well. Folks, check it out, 12 noon Eastern time. You heard it. They'll be talking about three great stocks. Windman, China, Macau, the gambling hub. It is amazing what they spend on gambling. I gotta get the metrics in terms of what Macau gambling is versus Vegas, because folks, Vegas is becoming an entertainment family vacation hub, you know, where they make more money just from the services of being out there, whether it's hotel, shows, food, than they do from gambling itself. That town used to be all gambling, man. Haven't made it out there in a little while. Gotta make it back. Maybe I'll bring a little Tommy in there. They got some of the most beautiful pools in the world, man, out in Las Vegas. S&P's, folks, you're negative by 11. You heard it. Great take from Kevin, breaking down the day's action from Friday to Monday. We spiked to 41.88. That Nvidia revision, man, pay attention because gaming, that gaming sector alone, supposed to be three billion, nope, two billion, just like that. Folks, that's like in a short period of time. You're talking about guidance that they had for the next quarter. All right, folks, stay tuned. We got three minutes to the opening bell. I'll be right back. We'll take a look at some of the other equities that are moving today. Be right back. At a time of booming inflation, we are purchasing powers eroded. There's no better place to protect your hard-earned money than in gold. Vista Gold's flagship asset is the Mount Todd Gold Project in the Northern Territory of Australia. 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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 tfn.com and tfnn's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 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. 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. Welcome back, folks. We've got markets open and you're catching a little bit of a bid right now. S&Ps come into the open. You catch a little bit of a spike. We're negative by five points, NASDAQ 100, negative by 77, you get the Dow up 18, Russell. Negative by nine points right now. That's Russell negative by about half a percent in par with the NASDAQ 100. Interesting action. Okay, jumping back to the Home Listings article that I was talking about. Just some of the statistics I wanna go over of that article. Inventory of listings increase at a record rate in July. These things do matter, folks, all right? It's amazing how many different variables are moving at an extreme rate right now. That is what is so remarkable about this market, okay? You have inflation soaring, which assets should go up in value when inflation soars, right? Because the dollar is worth less. Therefore, you need to spend more of those dollars to get the same amount of goods or assets, which should be correlated in some degree, okay? They get out of whack, but usually they regress to the mean in some degree. So assets should be going up at the same level. The people who really get hurt are the people who are in cash, right? The people who are on a fixed income. Maybe you're on an annuity. I mean, people who are buying annuities had super low interest rates. They were very expensive because you're not getting any type of a yield on that upfront present value that you put up in dollars, okay? And you're locking in a fixed income payment with an upfront present value based on a very low yield and then you come into a rip-roaring inflation that we've never seen before. And all of a sudden, that fixed income that you locked in with a present cost is destroyed by 9%, 9%. It doesn't take a lot of years of 9% folks to destroy the value of a fixed income payment, right? I mean, think about how that happens as opposed to, right? If you had invested in assets which have just spiked dramatically, real estate, stock market, most of all, real estate, most of all. So listings increasing at a record rate. I say this because normally this should be very, very bearish, right? Interest rates would be very bearish on the price of homes. Inventory listings very bearish on the price of homes. The number of prices having to come down that they're offering very bearish. But guess what? We got inflation, rip-roaring. We have an undersupply of houses. That stuff matters. We have rent going through the roof, okay? They're conflicting data points in terms of the influence going on. Now, you get into the numbers. Median list price in July, 449,000, still up 17% from a year earlier, close to the all-time high in June. Yes, new listings last month contracted for the first time since March down 2.8% from a year earlier. Some owners are reconsidering their plans to list with the market shift. Nonetheless, interesting action. All right, jumping around to a couple other stories. So we'll start it off with leveraged ETFs. My dad had a great interview with Dave Mazza from Direction Shares Yesterday, folks. They are a sponsor. You can check out their link on the front page at TFNN.com. Even if they weren't, we'd be talking about this because as traders, as active traders, the landscape is changing and it's already changed forever. But now you're gonna get single stock ETFs. So Tesla, Coinbase, Lee, next single stock ETF wave. We got Direction, Granite shares, each debut four new products. The one that we're talking about last night, I think, were Tesla having a 1.5 times bull. So you get one and a half times or 150% of the performance of Tesla on the bull side. And then they have a 100% bearish as in you're getting a one-to-one bearish ETF that replicates the inverse of Tesla's performance. When Dave Mazza was on there talking about, he was talking about, basically they see that and of course you can trade that if you don't wanna short the stock. That's one way to trade it as well. Now you can have single stock ETFs that you can just go bearish in. Maybe you can't short in the account that you're in. Then you also just have the fact that maybe you don't wanna sell a longer term position and maybe you're a bull, maybe you don't wanna ride out of volatility of a specific earnings event, maybe any event, right? You're able to go bearish on that. Yeah, so they're gonna be going to market single stock entrance and there you see. So Direction, they've got the 1.5 bull and the one bear, same thing for Apple, 1.5 bull and one bear. Granted, they have a 1.25 long Tesla and they have the one short. So this is gonna be interesting, right? They're trying to be first to market. Well, Direction is about to support it forever folks and we like to support them and so it's gonna be interesting to see who comes to the lead there. When you got two exact identical, I mean, look at the short. You got a short Tesla daily ETF and you got a short Tesla bear ETF, right? I guess the funds, the fees could matter but ordinarily it's just gonna be who gets the most funds immediately first and then they have the volume and then that's where everyone goes. In addition to the funds they're introducing today, that's where these start today, Direction and Granted have a combined total of 36 other funds. There's no reason why they don't pop these out for every single equity that people like. Look at this, yeah. Inverse Tesla, the Inverse Tesla fund, that's AXS's ETF is evidence of the popularity, crazy action. If you wanna check out that interview folks, head on over to our YouTube page. You just search TFN on YouTube. You find our page, okay? And if you're over to our page, just click on the video tab and you can find every single video we do folks, whether it's my dad's show last night, we have the live stream going right now. You segment out the interviews. We had my dad talking to Steve Rhodes last night and then my dad talking to Dave Mazza. There he is. So there's their conversation about the single stock ETFs. If you wanna check it out, head on over to our YouTube page. Please subscribe, it's free. You get notifications as well. And after you do that folks, head on over to the front page at TFNM because we got our man Basil Chapman tomorrow. He's doing a live webinar. It's five hours long folks. If you've ever wanna learn Basil's complete trading methodology and Basil's stress folks, he has updated this class. This is not the same exact class that he has taught in previous five hour sessions. We should all be learning all the time. Just as Basil is, he's incorporating some new techniques he's had. It's five hours, it's $295. You get his opening call newsletter which is 149. That newsletter has 13 archive webinars. They come with it. Please check it out on the front page and you gain access to the archive. So you can watch as many times as you like. You get the newsletter for a complete month when you sign up as well. And Basil as I always say is a great educator folks. It's not just enough if somebody knows how to trade. You need to be able to convey that knowledge to people. And that's a skill that Basil has completely. And so that's gonna be tomorrow. So today's your last chance. Sign up for that on the front page at tfnn.com. You'll get a booklet emailed immediately. You'll get signed up for the opening call and you'll be signed up to be in that room with our man Basil Chapman, kicking it off tomorrow. All right, jumping around to what else we have going on. So Kathy Woods, it was interesting. She was out saying that it's a recession yesterday, and a lot of people are. And whether it is technically or not, I think we're all aware of the action going on. The true definition, it has to be broad enough. Is it broad enough? If you have 3.5% unemployment and 500,000 plus jobs added, if it's just hitting certain sectors, that whole conversation comes into things. So she's out there yesterday and she's talking about we're already in a recession. The way I see it is she wants it to be the case because if we're already in a recession, then maybe we're gonna start coming out of it. And if we're gonna start coming out of it, what usually would happen is that the growth stocks get punished first and maybe they're the ones to lead us out of it. Okay, so maybe her stocks would be the one coming out of it. Now, arc's held up okay. You know, they're trading lower by 3.4% today. I'm gonna talk about some of the equities they had yesterday. You were up 52 just yesterday alone, but some of their equities, well off the lows. We've still got some volatility though, man. Check out Zoom down 4% today. Stay tuned folks, we'll be right back. This coming Wednesday, August 10th, Basil Chapman will be hosting an all day live webinar from 9 a.m. till 2 p.m. Eastern time where he'll be presenting the technical tools based on the Chapman Wave methodology, a full in-depth course on his entire trading system. Over the five hours of live education, Basil will discuss studying and practicing entry and exit points, assessing where to add or subtract from positions, utilizing simple technical tools for holding positions longer, taking bear charts and adding notations, tools and patterns, as well as identifying three core formations that repeat in every timeframe and much more. When you sign up, you get a chart booklet emailed to you immediately to start studying and you gain access to his daily newsletter, the opening call, a $149 value. The cost to attend is only $295 and the full five hours will be archived. Don't miss this live special event Wednesday, August 10th with Basil Chapman. 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Welcome back, folks. We get the Dow right now going positive by 26 points. S&P's just negative by six right now. Sorry, let me reset that chart. There we go. Trading at about 4135, Nasdaq 100 trading lower. You're negative by 810%. Let's see how those fank stocks are trading right now. You got Apple shares. They catch a little bit of a bid. You're only negative by 210% right now. We jump over to Microsoft shares. Two-tenths as well. Tesla, down 1.5%. That's a little bit of an acceleration for you. Let's see how Amazon is trading right now. Down 1.3%. Some of the airlines, Americans lower by 2.2%. Delta's lower. Let's see how Disney's trading ahead of their earnings. Disney's trading about $108.50 down about a half a percent. Some of those ride-hailing companies or gig economies, the better way. How about Door Dash, man? I was checking this out early this morning. They're up to $100 on their earnings, right? The next day, they give it all back to 80, and you're already down 10% from there. You are more than 10% below where they came into their numbers, man. On Thursday, there was supposed to be some bang-out numbers on that first move. You pull up the daily, excuse me, and all this is nearing its lower end on Door Dash, about $68, you looked to on that equity. All right, jumping around to some of the articles that I had pulled up here, talking about home prices again. Consumer's home price expectations moderate further. That's the New York Fed survey. Consumers last month said they expect home prices to rise about 3.5% in the coming year, down from an expected change of 4.4% a month earlier and 6% at the start of 2022. So almost cut in half from where you began in 2022. But if you only thought housing prices were going up 6% at the start of the year and they've continued to accelerate, I mean, what if they'd gone up already from January to August, right? There's your deceleration though, in terms of optimism, where are we back to? We're back to basically pre-COVID levels. Measure of expected change. This is just expected change for consumers, okay? But it's a consumer sentiment across education and income groups, marking the third straight decline in the lowest expected growth since November of 2020, just off the levels that we had coming into that number. Average 30-year home, 30-year home? Yeah, just under 5% the home data in terms of the mortgage data, I should say. All right, this article I wanted to touch on because I've talked about the gambling sites, right? DraftKings, PennGambling, we take a look at these equities. Online gambling is around forever, folks. It's never going away because there's gonna be tax money tied to it. Hopefully Florida gets your act together and hopefully online poker becomes something that is legal as well, folks, because if you're letting people bet on sports, that's pretty much an unbeatable game because the Vegas is so high. Why aren't you letting them play poker where it's a beatable game? That's a skill game where you actually can beat the rake, okay? Now poker could raise the rake high enough that no one could beat it. You could, but that's not how the game works. Then no one would play it. People play poker because it's a skill game and if you make better decisions in the long run, you will have a better outcome and have a higher expected value, okay? It's a very statistical probability game and the bummer about poker, actually, is that we're getting into the realm where there's a lot of things that almost get solved. I'm digressing a bit, but I love the game of poker. It's a skill game, folks. I grew up playing chess. Chess is an outstanding game as well. You can basically go bet on chess if you want to. When I was in high school, I would sign up and I played chess tournaments, all right? I was good enough that I could play a chess tournament, but I wouldn't be in one of the top divisions at all. The cool thing about chess tournaments is that you get a ranking. You play enough games, all right? That ranking comes from who you beat and who you lose to. Then that ranking determines what division you enter on a chess tournament, all right? But that entry costs money and they had cash prizes. So it's basically a tournament, right? You're entering with cash. They've got a cash prize for a chess tournament, right? It's a skill game. You're allowed to bet on skill games. Where poker gets weird is people say it's a chance game because anybody can win, but that's a very weak argument, folks, in the context of the actual game in the long run. Knowing enough players, you'd be amazed at how consistent over a large sample size certain players can be at winning. Even at very high stakes, even where they're playing very sophisticated players that understand the game to a very high degree, some players just understand it better and if you run the simulation enough times, right? Their advantages will win out. But boy, you got some big time variants in the short term on any type of thing like that. Nonetheless, back to the stocks. DraftKings, you're up 7.10% today. These stocks off the lows, gambling coming to Massachusetts. Interesting, you got a pen down 2.8. Not sure what the digression is here. Just the general idea though that I wanna bring up when I saw this article. So you have Jake Paul, the Paul brothers, not fans at all. Don't seem like very good people. That's just my opinion. But nonetheless, they've built quite a social media following and quite a revenue stream to go along with that. And now they're gonna get into the sports betting business raising $50 million. Now the one thing that's held these companies down so much, right, is that customer acquisition costs are gonna be very expensive. There's gonna be a lot of competition. Each state is gonna open up. There's gonna be a vast competition for the members of that state. Okay, as in the customers from that state that are gonna become gamblers. And like many things, people were creatures of habit, right? If DraftKings get somebody, you become comfortable betting using their app on DraftKings, right? You might be able to keep that customer. But what's gonna happen, folks, is this is gonna be a battle pretty much forever because they're not always gonna have the exact same lines, right? They're not always gonna have the exact same fees. There are gonna be ways to compete with the stooped betters at least, right? You get a customer, yeah, a lot of people, they get on DraftKings, sure, they'll stay there. They get on pen gaming, they get on the Barstool Sports app, they might just stay there. But there is the ability to compete by having different fees. But here's what's gonna happen. Now you're gonna have the ability of the influencers that they've been paying to promote their product are gonna be competing with them as well. And boy, do they have a following. Now Barstool's got it locked down, man. DraftKings is the big leader in terms of where they are in fantasy. And I'll tell you folks, a lot of people that play fantasy football, probably a pretty good demographic for the people that might bet on football or sports on top of that, okay? But this is, oh, heads up, in terms of there is no reason why. He just raised $50 million, folks. He's got three different venture capital funds, Florida funders, Alaya Capital, FuelVenture Capital, the final closing schedule of this quarter, additional investors he's got in there, a few different, looks like gambling companies as well. What else does he have? Travis Scott, Richard Sherman, Des Bryant. Remember when Travis Scott, wasn't that? McDonald's, didn't they have a deal that blew up because of Travis Scott, okay? How are these companies gonna compete when you got just basically five guys with a huge social media following, they're gonna start a site and they're gonna take some of your competition. And he specifically says sports betting companies have relied upon young celebrities to push their products for years to attract more Gen Z gamblers. They want the young gamblers, man. They'll have them forever. So guess what? They're gonna try and do it on their own. They're paying me millions to promote their sports book for my fights. He's got 70 million followers across social media. They need the influencers. Now it's our turn to take over from the dinosaurs. Well, he puts it pretty lightly. Good luck competing with DraftKings. Good luck competing with Barstool. Good luck competing with, remember didn't Disney come out ESPN saying they might just lease basically the rights for the naming for an ESPN sports betting app. All that's gonna matter, but think about that. ESPN sports betting apps not even on the market. What's gonna happen to DraftKings? Or Penn National, when ESPN sports betting app gets licensed to somebody for billions of dollars and they're not the ones. Or what if they are the ones and they pay too many billions of dollars for that sports app? It's a tough, tough market. You know, seeing that pop up, they got another competitor now and the Pauls, man. They know how to promote. You cannot deny that, built a following. And boy, they know how to monetize it as well. All right, folks. Dow's flat. S&P's negative by eight. NASDAQ's negative by 112. Stay tuned. I'll be right back to finish up the program. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. 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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. Welcome back, folks. We got markets with a little bit of negative action right now. You're looking at S&Ps, negative by 18, NASDAQ 100, now negative by 1.2%, 13,225, 13,025. We get that CPI number tomorrow. Keep those fingers fast, folks. It's going to be an important number and we should all be watching if you're in this market. Jumping back to some of the action this morning. So, taking a look at oxy. Okay, I was jumping around to some of the stocks to remove them. First of all, a lot of negative action. Novavax, they tanked because they're not expecting to make any more COVID-19 vaccine this year mid-soft demand and a supply glut. Okay, not what the market expected. They're down huge. GoodRx is up huge, better than expected results. They solved a big issue with the major grocery chain and that's a big issue when you're talking about grocery change and pharmacy. Okay, but a lot of negative action. So, micron spending $40 billion on chips, they were lower on their numbers. What are they down right now? Yeah, micron down 4.4%. I'm just flying to get through all this. Take twos down 3.4%. Signet, they're buying it online. Upstarts down 12%. The car companies, car gurus and Vroom, they're down 15 and 12%. Sofai's down 3.4, but I wanted to look at oxy real quick. So they're higher. Berkshire's got more than 20% of the company. They can record part of their profit as their own now. All right, but be careful with oxy, man. Oxy is almost at highs right now. Take out that little acceleration up to 74. You're trading right now in oxy where you were trading March 23rd and just off where you were March 10th. March 23rd and March 10th. Remember those days. March 23rd, crude was at 115. March 10th, it was at like 140. Crude right now is trading where you were February 4th. If oxy goes back to where you were February 4th, folks, where are you going back to? 40 bucks, okay? Don't get in too late if Buffett's already in with 20%. Probably a great stock in the long run, but just an important comparison. Folks, check out the front page of TFNN. Go sign up for Basel's webinar. You won't regret it, 295 bucks. You'll have five hours of education tomorrow. If you can't attend at all, it will be archived and our man Basel, he's coming up live next. Stay tuned, folks. Have a great Tuesday.