 The following is a presentation of T F N N. 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 exciting edition of the Power Trading Hour with me. You're humble, lovable and squeezably soft host as always. We love to come to you at this time. So what do we have going on today? Well, we're down a little bit now they're trying to ramp it back up. We're down and we're up one points on the S and P cash. But again, I think everybody is so way out on the tips of their skis. For Microsoft after the bell tonight that they do not care. Anyway, we've got kind of probably a quiet period until we get to those earnings. But certainly we can see what's going to happen tomorrow and get prepared. My guess when we look at options, they continue to show kind of weakness in where is that at? Come on. There you are. Okay. FT and is that right? That's for Wednesday. So we can draw that. Take a look at Microsoft. This is what the options curve looks like. Although the premiums for options expiration, I mean for options expiration tomorrow shows about $5 higher and lower. Yesterday. Tomorrow's is a big bet that it could get down to possibly 128 on a miss. Now, last night or this morning, not exactly sure which one. SAP, which is kind of the Microsoft of Europe came out with earnings and it was a not received well. We'll take a quick look at that. Huge gap down from about 135 to about 125 61 below today. Does it is bad at Microsoft as it is in Germany? Yeah, I don't think so. But I think these are very similar businesses. SAP kind of the Microsoft of Europe. We don't hear about it much because they don't try to do much over here. But certainly that is a little foretelling in that space. See what else we have going on here. You can give me call it 877-927-6648. What was it? So what was the other ones out this morning? Do you want to say before the bell? You and H. Also put a little bit of downside action. It's repaired itself a little. But forecast wasn't all that exciting. Again, fairly narrow ranges for most of the stocks were courting. Morgan Stanley down a little yesterday up a little today, but doesn't look to me like there's any mojo left to really start pushing that. Honeywell, H-O-N, another one out this morning. Up a little bit after a fairly bad day yesterday, but forecast is still at TAPID at best for these. What else do we have to do what I wanted to look at? Again, of course, after the bell tonight, we've got Microsoft and Intuitive Surgical, ISRG. This sector kind of iffy mostly because probably the stock closest to this, IL and M, Illumina blew up on earnings. And these are very high. Is it in? I think it's IL, yeah. Illumina blew up just last week on earnings. But these are both medical device manufacturers, Illumina and DNA and Intuitive Surgical and Robotic Surgery. But I think they're in basically similar kind of businesses. And that is that they make items that hospitals buy and eventually all the hospitals that can afford it are going to have them and the sale rate will be significantly lower. Illumina made a lot of DNA sequencing equipment and eventually you just keep selling, selling, selling and suddenly kind of satisfy the market. Maybe your sales are 70% next year or what they are this year. But for me, Intuitive Surgical looks like one of those kind of companies that could saturate the market fairly quickly. In the tennis shoe business, a really big shoe, HKX, also after the bell was sketchers. This one seems to pop around fairly big on earnings. It's back into this huge gap down of April 18th that had 10.5 million shares into it today with about 2.2 million shares. And I think the best day you had in the last five is about 2.75 million shares. So a lot of these stocks are just set up very dangerously. Not a lot of short interest in most of these stocks in the market. We also have Capital One in the financial sector out after the bell. Where's that at? Did I not pull that up? I don't think. Where's it at here? There it is. Okay. Oh, got two minutes left. Okay. That looked fairly decent. But there's just not a lot there, there. Let's see. Wanted to get that for the break. Also wanted to talk about a little bit of history today. So we'll start that. It is just a little bit of history this day, if I can find it. Robert Noyce, Andy Grove, and Gordon Moore incorporate Intel into Santa Clara, California to build microprocessors. The first microprocessor, the 4004 was released in 1971 for use in calculators. IBM's choice of Intel 88 process for use in the IBM BC led to Intel's emergence as the premier manufacturer of processes, processors still to this day. And of course, they make an absolute monster amount of money. And they mostly focusing on the server business and high end PCs has led to AMD kind of catching up on the lower tier of the market. But you know what, they sell one big server for, you know, some cloud service, and it's like selling 1000 PCs. So I don't know, you'd have to look at the books to see whether or not not being as aggressive on the low side is important as the future rolls out. Of course, Gordon Moore is the guy that where they talk about Moore's law. That is that every 18 months, everything doubles in speed and capacity and halves in price. We've seen that since 1968. Of course, now we have things that rival. In fact, I saw it yesterday in the news that someone had written the software for the lunar lander and could run 100,000 lunar landers on his smartphone. And they might will be right back after this. Top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted the best way to use the Taz profile scanner to profit. 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Whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions, 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. Let's take a quick peek here and see what we have for the indexes. Yeah, we're up two points. No big deal. Dow's off 61, Nasdaq's off 6. Of course, the big mover in the Nasdaq was Netflix. We talked about it a little bit yesterday. It was either this quarter or next quarter where this thing was going to take a dive. We talked about how expensive the content had become. They made a few comments about the cost of getting a decent talent had exploded as other companies had got into the business. It's never been a better time to maybe a movie maker if you wanted to get into the business. It's also probably one of the hardest times to be a movie maker if you want to make a lot of money. You can make a lot of movies and make some money, but certainly the days of the directors getting big cuts is probably over if the Netflix effect continues in Hollywood. I had some emails after the show yesterday asking me if what I thought about the potential for some of these other companies that are trying to sell themselves now like in the cable area, cable space. And I know that CNN is for sale for half the price it was a year ago. Same thing with MSNBC. Any of these, the only one, I guess, I don't know if Fox is for sale or not, I haven't heard that. But certainly short of Fox, the almost all of those, including CNBC and a lot of the deep cable stations are way down even from last year. And I don't know why I would even want to be involved in the broadcast industry as an investor going forward. And certainly Netflix is at it too. And it's just basically where you could buy, you know, where they were getting young up-and-comer directors for cheap and being able to buy scripts for cheap. Those days are over. Of course, they spent a huge amount of money going after foreign markets with the reality of small payback. Now, maybe they put a lot of those early movies in, but I, you know, I made it no secret that a year ago on Christmas, so I'm a year and a half into not having Netflix anymore. I just really got tired of the content. I didn't think that there was a lot in there, a lot of old movies, most of which I'd already seen. So there wasn't a whole lot there. There were a few series that were really nice, but I ended up really liking what was on Amazon Prime a whole lot more than I did on Netflix. So I just dropped Netflix. And again, Netflix probably weren't, we put it this way, family-friendly on some of the stuff they did. Of course, got caught their hands in with a little bit of child porn. And I think it was from in their effort down in Argentina. So they kind of give me the willies. And of course, some of the people involved with Netflix, not quite ready to show up at the Council for Anti-American Activities in the 50s, but I think you can probably say that they're leaning that way or in the parlance of the Cold War talk fellow travelers. So they kind of give me a little bit of the willies, but what can you say? Again, these companies now that are closing below the nine-day moving average or the three-by-three displaced moving average. Let's see what this looks like on the just a traditional nine-day moving average. Again, not that much different when we look at Netflix. But once all these stocks now pop below, they get a bit of an acceleration back down to support. You blew through all the support down to $320 this morning. A lot of people are just saying it's a one-time event, a lot of cheerleading on CNBC. I think you've opened up a fairly good opportunity. I'm going to say 80% opportunity. This hits $280. And probably after it hits that, you've got maybe now a 40% opportunity of it hitting the $231 low from December 36. I don't think that any of these companies long-term, as much of a moat to go around, and of course, even HBO, we talked about that yesterday, what are they going to replace Game of Thrones with? There's always these people in the movie business generally tend to have a hot hand for a little while and a cold hand for a long time. That's one of the reasons why I tend to stay out along with the fact that almost everything involved with Hollywood ends up having the books either gently roasted or completely burned to a crisp. So you always have to worry about the sharp pencils in Hollywood being nothing more than a big scam where they write everything they can off and then tell you you've got nothing. It's more than the unusual of the case. Terrestrial Radio is not making any money whatsoever with the exception of some talk radio stations during the day now. There's just not much to it other than that. Anyway, we're going to look at AMD here. We talked about Intel's birthday today. AMD also adding to the fire for Microsoft after the bell after the bell tonight is closing below the nine day moving ever just go back to the three by three. I like that better. So you do have kind of a weakness almost all of these, as we've said, once they close below it, they go right back to support on AMD. That's about 29 and a half box. Intel had some news today directly going after Nvidia for machine learning and actually Nvidia still holding up around this $172 range where they hit today. But again, about half the volume they had on July 1st at 173 70 or 95. So there isn't just much. We've got some huge storms here right now that are just hitting and I can hear them rattling the windows. So if we lose you know that it's probably not directly the Internet's fault or the deep state trying to keep me off the radio. It may just be a weather issue here for the engineer. I'm marrying company's bookkeeper's friend. I did say, okay, well, we'll have to hear about that. Always the way it works. Bed Bath and below still no sign of finding any kind of low. It is down to 974 today. I just thought that was interesting, but no sign out here that anything better is happening. CBOE back up to its previous highs in a fairly bearish signal. The November 5th high at 114.80 at 1.2 million shares. So far today, we're challenging that with 218,000 shares. A few days ago, as we were up in this area, 506,000 shares. And it's not a lot to lose. We'll be back in a minute. David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. 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Still no real signal that this thing has decided to tap out, but this is certainly one you want to look at. It's got two decent gaps that are open now. Ideally, if you got the third gap, you could pull the trigger short on that one. CSX, of course, had earnings out yesterday and blew up, again, kind of weak on transportation. And it hit the IYT, which we'll look at here fairly quick. That, of course, closed below the nine-day yesterday. It's still below the three-by-three today. And as long as it does, it's in a sell mode. You're going to need it to crack back above it. I don't think it's going to, especially if we get some bad news from Microsoft tonight. And it won't be the end of the world news from Microsoft. But my guess is that they will not show positive gains from last quarter. Just a few things starting to flatten out. Let's see what else is on my list of stuff. Expedia, we've been waiting for this one to get up to a high, give a sell signal. It's had fairly decent energy off this May 20th low, but it's going up against probably some of the most intense resistance at 139, which is the last high going back to June 27th of 2018. Let's go here a longer scale. This blew up and lost a huge amounts of money going back to October 27th of 2017 and down on 21 million shares. As I said, we're tapping back into that. We even tried with 7 million shares back on July 27th of 2018 and didn't make it. We're in with a whole lot less volume now. This looks to me like lurches right shoulder. So that's pretty big right shoulder out here, but you got a lot of movement. Any kind of weakness in the general market and of course transportation. We could see Expedia move its next big move lower. I'm trying to remember, I just can't remember at the moment what the symbol is for. It's bookings.com now, right? Yeah, booking holdings, BKNG. I hate it when they change a symbol. You get used to it. It's like a glove and that's it. Booking.com of course kind of blew up a bit. This is still holding out that it may try to reach its high of 1952 which is the February 27th high, but the energy is not very good coming off the May 31st low, but it doesn't look like we've got any signal on this one. Booking seems to only move on earnings and at least predictably. And of course the last couple earnings have come out and been rather disastrous, but then again everybody goes right back to buying it. So who knows about that? FBIO. Okay. I don't see much in this. Let's see FIZ. F-I-Z. I was waiting to see whether this one could possibly make a low in here. You got the June 27th low at $40.05 at one and a quarter million shares. Today we're down in this range with 200,000 shares. Of course this has come off $124. Generally when you get down here, you start seeing volume finally lightening up. What I would like in this one is when it does end up bottoming out, which may take the rest of the summer, $40 to $65, or looks like maybe even 66 bucks, looks like where this could bounce to on just a dead cat bounce after this thing does consolidate a little bit. But I'm looking forward to this one maybe late August or September. But I'm not really a big believer that everybody's giving up Coca-Cola. They may have had for a while, but kind of like cigarette smokers. They'll be back. Let's see. Anyway, give this one a little bit of time, but if it can hold $40 for a few weeks and it looks like distribution, I mean, accumulations coming in, this one may be a nice one for a ride to about 65 bucks. Finistar FNSR. Let's see how some of these just going sideways on this one since the big spike back on the 1st of July. And you've done nothing since then. There's a lot of stocks like that too. What else did we have out here? GDX. Certainly everybody chasing gold stocks fairly heavily. So you've got to wait for that huge potential retrace. Question about this one is where would it come back to? Man, you would love it on light volume at 24 bucks. I don't know if it gets back there, but you certainly would like it. A lot of these are just parabolic. GSM, especially metals, nothing moving in that one. We talked about alumina already. How about Mattel? Little bounce off the low, still has a huge high volume low on June 3rd that needs to be retested. So you're going to get another swipe at that one. But of course, pretty good chance this thing's going to run into Christmas, at least some or a little. And if you just got back up to the previous eye of 17 bucks, that's almost an 80% move in a stock. So again, this is another one that I'll be keeping an eye on through the end of the summer. 3M, so far just a dead cat bounce. You need to retest a 159.32. I don't see a lot in that marvel. One of the few out here pushing the highs very hard. You had 15 million shares and 17 million shares in previous highs at this dollar amount. The last couple of days though, not doing much. 7 million shares so far today and 10 million shares yesterday. But again, we're talking about fairly light volume unless we see something come out of these things fairly soon and we get some volume in these. These all look like potential failures. Netgear continues to kind of move sideways. So just slightly higher. As I said, this is another great stock that can bottom out around 25 bucks. Has a lot of potential in the 5G sector, just working with new Wi-Fi standards for the home. But again, it's going to take a little bit of time and a lot of patience to catch this right. But 24 bucks to 40 bucks is a possibility on this one if you can hold these levels. Payosity, we've been talking about waiting for this to close back below a nine-day or a three-day displaced moving average. No such signal on that one today. Other than the fact we've got very light volume, just 170,000 shares. Quarvo QRBO symbol on this play in the smartphone space. Coming back up to tremendous resistance. Right now we've got about 771,000 shares you're looking for in the neighborhood of three, maybe four million shares to make a signal that it's going to be able to go back through a huge gap down that goes back to May 16. Give me a call to 877-48. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages is 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 and 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. 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The Perspectus or Summary Perspectus 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. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com. Then hit Watch Tiger TV. That's TFNN.com. Then hit Watch Tiger TV for the latest market information. Up a little bit. We're up eight points on the S&P cash. As I said, I think everybody's just once again expecting Microsoft to pull the market higher. I think they're probably going to be in maybe a little bit of a surprise after hours today. But, you know, maybe everybody just decides to buy everything else. Just down four on the Dow, 15 on the Nasdaq, now Russell's up three. So, by what, it doesn't matter how small the pullback is, we've got to buy it. But my guess is that this is a one-day solution running into Microsoft where maybe a second day of selling in things like Netflix and Microsoft might put more pressure on the market. We continue to see a lot of downside protection in stocks like Microsoft and Apple. But I don't see anything that says that we close any higher than we're at right now. Come tomorrow at the four o'clock. We'll keep an eye on it. Xilinx, I've been watching some of these others in the SMHs. And whether or not they can get back and fill their gap. Today, Xilinx is up on about two million shares going back in to April 25th when this was down on 24 million shares. So, you know, just not a lot of juice. You had at a height this week of about 4.25 million shares. Now, could you get back up to 127 or 128? I think you can. But this does look like a possibility of a fairly large ABC on the way down. Take a quick look at the SMHs. And again, they're back up into this gap. Last time we were up here on the first of July, we had nine million shares. Today, we've got about 3.7 million shares. That goes back to a gap down on the 6th of May that had just about shy of 7 million shares. So, just not a whole lot going on in those either. Let's see what else we have. Yeah, there wasn't much going on in EMZN. Again, you did have kind of a gap down today after it broke the three-day yesterday. And we're starting to see some of that kind of action now in the general market. But again, I think everybody, the knee jerk is buying the dip here, but I think it's premature. And I think that we could look at somewhere around $29.75 to $29.50 for expiration tomorrow. Okay, what else do we have? I wanted to look at before the end of the day. Someone wanted me to look at Micron. And they're back up and holding, but this is one of these stocks that could easily do a double repo. If it does the double repo pattern, the completion of the pattern is going right back to where it started. And that would be around $34. So, you are holding a 3x3 today. You're not doing it on much in the way of volume. You would have liked to seen something around 40 million shares. We've got about 20 and a little shy of 20 right now going back into a 26 million share high. But again, what you would like to see is what you see today, which is a close above the 3x3, a close below, and excuse me, the next close below. Pull the trigger on this. If you think it still looks bearish. And see what else we have out here. Someone wanted me to look at Intel. This hasn't even been able to get close to this huge gap down from April 26. I don't think it's going to. Again, we talked, was it this week? I got a sneeze. We were so interrupted by my sneezing. We certainly had seen this now. I don't know if it gets back up here. AMD pressuring it on the, certainly on the processor side in the consumer space, not on the server space. And, you know, they're kind of getting ready to go and get in Nvidia's grill with their own video card. Again, we said that, you know, they did have some good news today on a chip that they can sell into the server space. And they're really now just getting the Altera acquisition position put together so that it makes it compelling, especially in the server space, a compelling offering for things like video compression on chip and others. But man, it's fairly weak. I would much rather suspect that you get a retest of this May 23 low before you actually fill this gap and go higher at $51. But not a fan of Intel until they get a new CEO. I suspect that they're going to end up, like Microsoft, and that is going sideways for a very long time until they get somebody new in the CEO's position. Um... Skype is ducking. I don't know about that. Um... Hopefully it's okay. Maybe it's that helicopter that just went over. Okay, I got a question on China. And what I like to look at China with is Yin and Yang. And I don't see anything out here again. A lot of triangle patterns on each side of the market with these. I think it's Y-A-N-G's the other side of this. But, you know, you got seven days of sideways on this. So there isn't a lot going on. I think Yang's the other one that we look at. And it's basically the same thing. I don't see why it would be that much difference. But I don't see anything going on here right in China, at least for these directional ETFs and highly leveraged ETFs other than sideways right now. Not a lot of volume, not a lot of push. So I don't think there's much there. A question on DoQ, DOCU. I think this one's got a fairly good long-term move in it, higher. The question is just how long it needs to consolidate out before profits start picking up. Fairly recent IPO in the last year got down to 3,506 on November 20th in 2018 and a high of 59,62 back on March 15th. Now, again, a lot of lower highs and higher lows for the last few months. And I don't think you can make anything out of those until they actually break out one way or the other. And then generally, I take the other side of it. We'll be back in a minute. We'll wrap up the show with the last segment. Still have plenty of time to give me a call at 877-927-6648. We'll be back in a minute. 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 TF and N to capitalize on these opportunities. 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We were talking about docusign when we left, but we've got a couple more emails asking me to outline what it was going on. I just don't think that Microsoft's going to hit its whisper numbers, MSFT. Well, it has closed below the 3x3 over the last few days. It's back into this gap at 135. But there's not a lot new. I think they put a lot into the previous earnings statements. I don't see anything that says that it's the end of the world, but I do see that I wouldn't be surprised to see it at 135 to 125 tomorrow. And that's just back to support. But you haven't really had a lot of energy in this thing going back for almost a month now. And you've got three gaps that need to be filled. The lowest of that one is 120. And it's not a compelling three-gap play, so I'm not going to short it. But I am set up thinking that there would be significant moves in the market to the downside. As I said, somewhere looks like today I'll know better tonight, but somewhere around 2975 to 2950 for expiration tomorrow. Now, maybe that changes today. Maybe people got the word. But too many of these stocks that are out here that aren't in the top 50% of the NASDAQ, which is six stocks, the rest of them just don't seem to be bouncing with it. And that is what makes me think that there's a bigger game of foot. So we'll keep an eye on that. Anyway, as we said, volume, not very exciting so far. About 4.3 billion shares as we go into the close of the show. Hang on for Tom O'Brien. He'll talk us through earnings tonight after 4 o'clock. And I'll be back here tomorrow. Same channel, same bat time. And of course, to remind you to sew when you can, not when you have to.