 Call now toll-free at 1-877-927-6648 internationally at 727-873-7618. Welcome back folks. We have the Dow Industries right now trading down $196, Nasdaq off $261, S&Ps off $60. I want to thank our producer Al as well as my son Tommy that was a nice get go. Tommy did the show two to two thirty. We brought that to you live and bottom line is that you know it's they're almost paranoid to say that okay we're on the other side of the cycle but we are on the other side of the cycle folks that's the bottom line. When you take a look at that you know PCE you know last six months here at 1.9% bottom line wants to make sure it's down to 2% over the course of the year and market wise out here if we take a look at the market was already down. What did happen is that it took the second leg down when Powell said flat out that March is not going to be it okay so you can if you take a look at these S&Ps here what you're going to see that second leg down when the S&Ps went from that point of what 49.01 lost 26 points like ASAP that's when bottom line is that he says well no not ready in March you know that being said folks okay the bottom line is that the rates are high they were late number one bringing them up and they're probably going to be late bringing them down that's what that's how this seems to be shaken up you know we'll see we'll see the rest this shakes out let's go yesterday what you did have it was yet we had Microsoft come out with numbers numbers were good bottom line is that they sold it down you know right now I got Microsoft down seven and a half dollars thirty four million shares traded Google now Google is going to get interesting and this is why this is the end of the month right this last day of the month and if we take a look at Google what you're going to see is that you've got a test of the eyes and it's going to be so close like what we come in with here let's just see what we got well they actually it's not going to be close 700 yeah see this is going to be a failure on price and volume on a monthly basis okay so the lie the first time that Google you know get up to its highs that stays up there about five months this time here you got a spike eye you get over the highs you get a close on under the highs on a monthly basis now with what that sets up this is where this gets really wild man I mean you don't have to go to the other end of the consolidation you know but if we do that's 83 yeah you heard that right 83 okay the bottom line is that it's going to start giving it up it's gave it gave it up today and then if we just took let's just bring this closer and we'll take what a point three a two is of the whole move so if we go just do the live I think it's alright over that already actually yeah it's right at it right now it's right at it we're going down to at least what's this number here 121 you're at 142 right now 121 is game now let's go to the e-mini intraday today to see how this is setting up because what we have intraday is that we have that that's a high volume low right now so if you're looking for the market to go higher what we're going to what I expect we're going to need first is it a test that high volume low that's laying out here from specifically when Paul said that no we're not going to be ready for much you know when you listen to the whole deal it's just telling me and he almost said it there they're almost the decision that we're on the other side of the cycle goes like this there was a question that is that okay is this a one-off that you'll come down or does this mean cycle wise you're going to keep coming down and power went right back to the same deal said all we needed more information we're on the other side of the cycle folks the real question is is that how much more is Paul and his associates going to squeeze the market keeping them here because it might take as a paranoid to come down at all stay right there folks come right back 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 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educating investors 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 welcome back folks i doubt down just is right now trading down 229 azix off 276 s and p's are off 65 now we get some divergence out here so check it out we go to the 10 year and this is you know bottom line which running markets out here take a look at the 10 year and you're going to see this is a huge move in the 10 year you're up 16 ticks that's not the number though meaning you get 2.6 million contracts again okay so when you take a look at this what we had done is this three months ago in october rather you come off the the the high of the cycle peak was october so you the 10 year starts moving higher the first move was a straight line move up now check this out because this is like pretty cool man away this is shaking out what we did you had a straight line move up you didn't even do a 0.382 retracement on the way down what we did do is that we went against strength and we did that with tremendously lighter volume now we did that excluding the last three days just because that's going up if we did that all last week so that's a positive that's a market that wants higher price now what we have out here today you have the confirmation it wants higher price but not only that what you've also done is you broke the downtrend it was only small downtrend but this is saying that you possibly could have a monster abc structure on their way up and if this is what we have 105 you get eight that's going to get us into 118 okay so let me do this t i'm going to go into the generic one 118 oh i know how we do this this is this is cool okay 118 i want to do it this way first but then i'm going to do the reverse on the yields 118 okay so 118 that's one oh that's a big one man so 118 would be 122 is a oh look at that oh my god that's crazy oh man this is awesome when we do this so 118 folks actually is the 0.382 of the whole move from the cycle when the fed sat going up to the bottom in october that's the 118 so okay now let's go do it this way we're going to 10 year okay one second hold 118 because now what i want to know what is the date on that man okay june so 10 year okay so we're going to bring this up okay cool we're at 3.99 right now and i see i got to bring this back further one second okay cool okay so 3.99 let's talk to over yeah right there okay so that's three point yeah 3.24 is where we're going we got we went through this before last time too but that's what it looks like and what was going to get intriguing here is we'll see let's go to the tlt too so this will be moving the same way yeah you can see the again expansion of volume in the tlt out here today the tlt also did a 0.382 retracement so that can be an abc structure up also it's all it's all the above this is going to be a patient steel but the cycle we're on the other side of the cycle so the real question is going to be you know they they can squeeze it you know there's an article yesterday um great article man and very very small article okay but if you google uh barry stern look and you know he's he's the huge player in the hotel business the real estate business in general he was saying that the the amount of losses inside of the commercial office building market in the united states is 1.2 trillion dollars out of 3 trillion okay he's he's figuring and this guy he knows what he's talking about folks i've watched this guy since 1974 um he's built an empire and he's always really a straight shooter because i mean he's getting hurt himself because he they have office buildings but you know the bottom line what he was saying and this is the this is the big pot is that he was so that's not a recession that there's a depression in a monster way in the office building space right and the biggest part that he was saying about this is that he was saying that we don't know where the losses are meaning that these companies are still basically hiding huge amounts of losses on a mock to mock basis for commercial spaces now watch this if we go to new york community bank okay well this is a regional lender okay and unfortunately what they actually did and this is where you think you get a good deal and the your values that you actually placed on something were not correct so when signature bank went down what ended up happening is that new york community bank took over so many loans well there's a couple loans that they took over that are a total disaster and they have launched their amount of money so if we take a look at and this is going to be on a regional basis this is where this is where you know as everyone's hunting they say okay where are these losses how are they masking them okay so if you take a look at the community bank you're going to see that you're breaking all-time lows that let me put it back 50 years let me see what happens here yeah so this traded here what year is this 1998 1998 okay and what this is about is that for a small bank they turned around I think they had to put a yeah for the bank's provision for loan losses surged to 552 million you're going to see more of this folks okay you know the regionals themselves I went to OZK immediately I mean we bank with OZK but they're a huge development bank now it's not in this stock I can tell you that I mean they they went down three bucks today you know in the context of New York community bank that being said though this this chart still looks pretty good man so what you do have is that just like regional banks this is on a regional basis which is pretty intense so right there folks to come right back give that out industrials down to 92 NASDAQ off 319 S&Ps off 74 will come right back if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets 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possible loss of principal the fund are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand having the latest market advice can help you turn this chaos into a key for creating winning trades at tfnn we understand that it can be hard to find reliable market news that's why each of our market experts offers their very own market newsletter a must-have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade try any of our great newsletters risk free with our 30-day money back guarantee just visit the newsletters tab on the front page of tfnn.com tfnn educating investors tfnn has launched the tiger's end 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 end available to all tigers and tiger's for just one dollar for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz oh welcome back folks i doubt down investors right now down 297 and azix off 321 s and p's are off 75 so let's get over to the e-mini because we're going to go in for this test right now and you actually got 30 minutes left so this is kind of a nice time for it to test this level okay so we just did 342 so time's going quicker than i think the bottom line is that you just test it you didn't reject it though you test through it a lot light of volume so now it's going to mess around down here i suspect you're probably going to close at these levels but 15 minutes is just not long enough um yeah we'll see how this shakes out if we go over to tesla this is a this is going to be a whole brave new deal out here that so this is going to be so intriguing to find out like how is this going to shake out what elon musk meaning is pay package uh there is an appeal process uh inside of the you know uh the delaware chentry court said the his pay package is voided because of basically self-interest inside of the board uh it was a 200 page decision um uh so check this out man i mean some of these public companies man they can throw around so much so he the what the judge said that uh let's see and the judge is 200 page decision she focused on six board members she called the decision makers five of whom she said were conflicted by their personal or business ties to musk two were close friends who often vacationed and socialized with musk while three others were beholden to him in other ways the judge said one of the directors listen to this folks this is like oh my god one of the directors made 280 million dollars exercising option she was paid by tesla neither the compensation committee nor the board acted in the best interest of the company when negotiating musk compensation plan the judge said in fact there is barely any evidence of negotiations at all rather than negotiate against musk with the mindset of a third party the compensation committee worked alongside him almost as an advisory body musk his brother kibble and venture capitalist steve steve joe vanson were also on the nine member board but didn't participate in the 2018 votes on the pay package this is uh imagined he just said listen we don't know where it's going with musk there's always uh something happening that's for sure but uh he's talking about it took five years to get to this point and i suspect that that's what he's already setting up you know once something more uh hey well we'll see where it goes man you know and when you take a look at the thing that's amazing to me is that when you take a look at tesla itself you know when he sold when musk sold the shares right and we make him like oh yeah i just got to sell some shares up here at 400 dollars you know i mean we're at 187 dollars right now and he was selling out there you know 405 410 they had plenty of time let's trade it up at that level if for five months folks five months and isn't it amazing that what paper can actually do right think about that 410 to 187 right and then multiply that times millions of shares in fact let me go pull down to pull us up right now just to see where we're at with him okay so well he probably isn't under different companies right i see what's going on okay one second let's do it this way and we're going to manage manage we're going to musk let's see what he has here yeah i got the wrong one okay so let me see what i'm looking for is exactly how he owns right now yeah the bottom line is that the story is going to keep unfolding you know there's going to be appeals it seems that the what has happened in general and the equity market is that we have gone from you know a straight out buy sell was an equity worth was it not worth to an aspect that there is so many of these that are going to court now not just on the pay packages but in general um you know which stretches things out in a dramatic way what blows my mind is that you know just like that that pay package uh i mean think about this for a second you're you're a director of a public company and you think that you get a pay package of two hundred and sixty million dollars the differential is insane i mean you know as a director the right what do you mean once a month so you meet twelve twelve times a year it's not bad right oh man yeah so let's go take a look at that e-mini again well actually no let's go to the nq's but we take a look at the nq's and see how they tested out these bottoms yeah here you go again man yeah so the nq didn't get to the low now this is that's saying that guess what this nq's not over yet man you know we seventeen two forty two is the number and we went to two forty five and if that's all this can do that's still a market that's saying guess what i'm not done on the way up so this would be pretty amazing let me put the three q's up here for a second okay so you can see what's happening you're coming down but yet you're coming down into the strength so you're coming down into seventy million and the q's and you're only at fifty four that's still not that's still not a sellout that love to sell off on price okay but that's nothing heavy man that's that's just nothing heavy you know if you're going to do some real destruction what this number should be here right now way over i mean it's pretty easy to do seventy eighty million and the q's and right now you're only a fifty five let me take a look at this and break it down the q's are going to try to test right now probably yeah so it looks like so the test there would be four seventeen oh six and if you get a rejection there yeah you might go sideways or something but that's also showing that for today that's about it with the selling and if we go take a look at let's go see what this tick has come in with so oh look at this oh this would be interesting if this is uh intraday so we get a tick of minus fifteen when it was intraday yeah it was right when pal said the match sale that's a big tick man that's that's a big tick that means that you know we'll form in the bottom once again stay right there folks who come right back we have that out industrials down to eighty four nasdaq off three twenty nine s and p's off seventy six will come right back are you ready to take your trading to the next level introducing tom obryan's award-winning newsletter market insights your key to successful active trading tom obryan renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades tom publishes his 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advice can help you turn this chaos into a key for creating winning trades at tfnn we understand that it can be hard to find reliable market news that's why each of our market experts offers their very own market newsletter they must have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade try any of our great newsletters risk free with our 30 day money back guarantee just visit the newsletters tab on the front page of tfnn.com tfnn educating investors 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 welcome back folks i doubt now investors down 301 azix off 350 s and p is down 80 so let's go to the spy because you get a different setup here in the spy the spy is coming off the highs with volume expanding so we take a look at this what you're going to see you have 89 million shares right now now you're coming into 110 but it's good this will this will do 110 man um so that's saying that the spy the s and p is more than likely you're going to go back to where we've wrote topside about two weeks ago because that's that's the bar that we're dealing with right now the we're 483 53 482 we haven't hit it yet 482 12 but when you get an expansion of volume like this that's telling me hey guess what you're coming back to this level we'll see you know if that level is going to hold now what we we'll go back to the cues for a second because either because the cues led the thing that's so intriguing here about the cues is just see if it hit the lows first okay so you finally hit the low when you rejected it so we just went down into it we just hit 416 79 and you're already a buck above it we are at 417 52 and you're going to have that's five minutes into the bar okay so now let me just do this now let's go to the larger picture so now we're at 57 this is going to come down here too yeah this is going to come into the 417 414 game that's the low the high of that is 421 oh yeah we're for sure see we're already into this bar so we're already into that bar so this is going to come back same deal going to come back to the breakout about uh week and a half ago always remember folks the bank and claw your heart out the bull can run you over man thank god there's always another trade health habits and prosperity have a great night folks have a safe night come back and visit tommy tomorrow morning kicks us off 9 a.m great show folks we'll get them folks gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market