 The following is a presentation of TFNN. 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. Welcome to another excellent edition of the Power Trading Hour. Always, it doesn't matter where you're at as long as you're here at the point of time. So what do we have going on today? 64 points on the S-Cash and the real question is, do we have any kind of follow through with the way of the volume today? Volume is okay. Is it fantastic? We got about 7.4 billion shares so it's okay. The big question is the fund buying in today are we going to see a bit of a fall back? And a lot of people, as we talked yesterday, that I've seen a great deal of shorting and it kind of snuck up on me. I didn't really see it in the daily. And we've got pretty decent short speeds going on with a lot of folks. Yesterday, I think a lot of people looked at the candle and decided it's time to pull the trigger. Go short and they're getting these speeds out today. But not uncommon to see the most amount of money in by higher and higher prices. So far for over, probably a pretty good indication that if you're up 1.5% for fund buying, you've got to figure you're going to come back 1.5, maybe 3 quarters when it's over. So you can call 877-927-6648. You can email me at www.cfn.com. And of course, you can always put a message in the den. So what else do we have? Oh, yeah. So, let's see what we have. Anyway, fund buying is pretty much over at the end of the day. Yeah, yeah. My guests, I'm on the audio. Something did set on office as I have anything or machine on slash show. So maybe guys in the in the control room can around possible reasons that don't think so. We'll check here and see if there's anything could be a problem. See what you have here. Nope. Settings look better. We'll turn the mic back. And here in the echo net, that's a little thing. Okay, so what are we going to be doing today? Well, like I said, volume is pretty good. Last day of fund buying, normally you're going to get at least a little bit of full back. Most of the courts get squeezed out during fund buying. And that generally means there's a little bit of an air pocket. And of course, in real bad markets, bigger air pocket. We had the Fed president of was Dallas. Dallas yesterday. Today, it was St. Louis Fed warning everybody that they're going to continue raising it shouldn't people and traders, investors get lulled into sleep, thinking that they are not. I don't know. A lot of people just at this point, saying they jawbone are far too long. And we'll probably have some kind of surprise in the market soon enough where they do raise that they would. That's it. See, maybe that helps. Probably a good idea there. Yeah, all the shenanigans at the very beginning of the show. And you forget you got to have a checklist like if you're a pilot on a lot of this stuff and figure out why stuff does and does not work. Anyway, as I said, what do we got about 30 seconds here left to the break? We'll see. Anyway, when we get back, we'll do a little bit of history and we'll go right on into earnings for the day. And you can give me a call if you want. If anybody knows what happened to natural gas in the last 15, 30 minutes, give us a call and give us a full report. We'll be back in a minute. friendly mining jurisdiction. Vista Gold just completed the Mount Todd feasibility study, which resulted in a 7 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 Todd as an attractive, diverse partner, ready development stage gold project. Vista Gold trades on the New York Stock Exchange under the symbol VGZ. 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Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien 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 and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien'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. And we're back. I was trying to see if anything was going on in natural gas here. This is something. I don't think that this is it. Something about tanks. But who knows? Okay, we got emails coming in across the transom already. So let's go ahead and do a little bit of history and then move on. On this day in 1993, Apple introduces the first Newton Message Pad, one of the world's first personal digital assistants. I had one from a competing brand from 3Com. The term's PDA was first used by Apple CEO John Scully in 1992. While commercial failure, the Newton platform set the bar for future PDA designs. And of course, the application of programs in a handheld device that would later become an iPhone. But perhaps the most important advancement of the Newton offered to technology was the development of the ARM processor. Of course, we hear a great deal about ARMS now with Nvidia trying to buy it and failing. No one wanted to sell it to them. And now ARMS processors becoming prevalent, at least on the low end of the server market. Apple invested heavily in the fledgling architecture to power the Newton devices. The ARM architecture has been the foundation most of the world's mobile devices since that time, including versions of the iPhone iPad and the rest. Apple did sell its ownership. So it could get some cash to stay in business, selling it for $800 million all those years ago. And of course, made them through their darkest day until they almost went bankrupt. When in 2002 or three, I can't remember right now, a huge loan from Microsoft kept them in business. Microsoft was deathly afraid of becoming even a bigger pariah for the Federal Trade Commission and antitrust. And we're probably going to see a lot of that in the next coming years. Okay, now with that over and talking about fun buying pretty much over probably by the close today. We'll see what happens. But it just looks to me like a handful of folks getting squeezed out into the end of the day. What else do we have? Let's go back through earnings here, Airbnb, this thing was all over the map after the close last night. It was down rather significantly. A lot of these stocks have come back from the lows of the day. This one's got a lot of juice back up. I don't think it was ever really that bad. I think it was much, may have been down to a hundred bucks last night after hours. Can't remember exactly, but it looked like it was fairly weak. Again, just going up to resistance and a lot of these stocks had some fairly high short interest in it. And those are stocks that you generally want to stay with because even if you're right, you can start to squeeze like you can get today. And it's going to, you really want to wait until everybody's kind of given up on the short side. That's generally when these stocks that maybe have weakness actually give it up. Kind of the same kind of situation with advanced micro devices. You would have thought that China was coming to invade them personally after hours last night, but some of the invectives of the short sellers. Again, this one did open up a little bit lower around 94s, back up around 97. Just way too many short sellers. You really had to have a massive loss to make the cash on this one. Were things good? No. Were they bad? No. Somewhere in the middle, yes. And of course, probably the reaction from last night where I think it got down to 92 bucks, I think I remember seeing it there shortly, was them talking about lowering expectations going into at least into the end of the year. Almost all these companies, NVIDIA, Advanced Micro Devices, Intel are putting off launching new products until next year. And they're doing that to make sure that they can get rid of inventory this year. So is it bad? No. Does it mean that we're going to work off to the races and everybody's looking into next year already? Also no. But probably the best thing for AMD is the failure of Intel. It's just kind of sideways. It came back and retested the low of July 29th. This is Intel, by the way, today and did so on lighter volumes. So you may have some kind of a low setting up. Resistance though comes in on Intel at about 38 bucks. Also out with the news was CVS and apparently you're out buying more things there. Up to 101.44 today did break through the high of May 26th. That was 98.30 with 5 million shares and you already have 7 million. So you've got a good day and it is holding up higher. Your bookie, otherwise known as DraftKings, had a nice reaction to earnings. Volume could be a little bit better, but of course price is first and volume second. But you had 26 million shares yesterday. You got about 16 million shares today. 16.74 on that one. The South American Mercado Libre, which is kind of a combination of Amazon and Google and everything. South, way south. Extremely south of the border. Nice pop on this one. It's not going to have huge volume. At least it's through the June 8th high. That's 528,000 shares. You've got about 436,000 shares today so far. And that kind of opens up right to resistance, which is at about 900 bucks. You got a double gap there and huge volume down from the May 9th low at 1.3 million shares. So probably as good as it gets here. If I was long this, I'd probably be ringing the register. It looks to me like a trading range is going to set up. If you're into spreading those diseases no one likes to talk about like Monkey Box, well you might just be on matchgroup.com. And of course that's really kind of curtailed action on that site as of late. And of course a huge gap down down to 59.15 today. And you can always count on the folks at matchgroup to get people hooking up even when there's some not so helpful diseases out. We'll 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 publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, JDX, as well as more than 30 different mining equities. To seep 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. 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And we're getting that today. I wouldn't be too excited about Apple here. You had a huge down day on May 5th with 130 million shares. You're going through that today with 52 million shares. So probably very long in the tooth on that one. And what else see? PayPal. Another one out with earnings. And as we look at this nice gap, 201. Again, you had a fairly nice low out here that tested it with lighter volume. So it was in the bullish camp. 71.83 on May 12th got tested with 67.58 on June 30th. The volume almost 50%. So pretty good signal out here. Now you had two gaps. You may get a third. Why they are not saying it. I have a feeling that a great deal of the pop in PayPal is people coming back to it. Vmo and some of the other applications didn't have tax implications, i.e. they weren't reporting to the feds on what was going on. And people kind of going back to PayPal if that is not an issue anymore, i.e. you can hide your side hustle underneath Vmo if people will pay you that way. Kind of done. So everybody kind of going back to PayPal a little easier for bookkeeping. Unfortunately, you have to pay the taxes. But that's it. Okay. And what else do we have? Regeneron. Pharmaceuticals. Just a test of the previous high. Gave half of it back. Not much going on there. Let's take a look and see at the IBB. It's been going sideways. Did gap higher today. Is that going to break through? You needed about two million shares. You got about two million shares. It's not incredibly strong. If this holds, the next stop up is 135.53. That's the April 5th high in the IBB. That's seven bucks. That's about 5% on that. Okay. Starbucks. And right up to the double gap, that gap goes back to April 4th. 16 million shares on the gap down. You've got about 8 million shares here. So that probably suggests that it's about as good as it's going to get on this move too. I listened to the call. I didn't think it was that bullish. But again, way too many people short going into these earnings stocks and being problematic. Now, in one that's a legitimate breakout, we've got SoFi, which had the May 20th high, $8.04. 57 million shares back on that May 20th high. We are through that with 120 million shares. So double the volume. That's pretty good as long as you can hold 804. That's good. But again, one of the reasons why we've been talking about this week about being rather stupid to be short stocks that are cheap, because it makes it so easy for them to go clean your clock. Let's see what else we have here. Okay. We looked at the IBB question about the TLT. Well, we talked about the bonds and all the money coming into it. We also talked yesterday about kind of having a bearish engulfing on the candle yesterday in the TLT. It's not really pulling that much back. You did have a very good test, though, of the high. And that was the May 27th high, $119.07 with 26 million shares into it with a high of 18 million shares over those last two days. So yeah, I think you're going to probably start working your way back down to this low in the gap from July 8th. That gets you back into about 113. Question about Micron, which came right up here. Question about Micron. Well, I'm going to say, see, have Micron expire on 819. Well, I think you've got enough time. My guess, though, is the next couple of days are going to be kind of tough on it. As I said, into fund buying, normally you get a half percent in the market. Retrace even in the bull market. You chase all the shorts out fairly easily. I dislike that it has fairly light volume on a day where a lot of short squeezes are happening. So either it's happened already or it's not going to happen. Real tough resistance at about 65. So, you know, if I don't know where you bought them, where you went, but this would be one where I would say that I probably want to get out until I get until the same base is out around 63. Could it go higher? Yeah. I'm going to say more than likely it will move around between 63 and 65, though, for at least a handful of days. Okay. And what else do we have here today? Got about a minute and a half for this segment. And see. Okay. Question on CCJ with them restarting the nuclear reactors in Germany. Should I make out anything of this thing coming back? No. I think it's the whole energy sector, which is problematic. Crude oil, of course, down three bucks. So many of these folks have a basket of all these stocks. So that when any energy stock or when the sector kind of goes down, really, it's very tough to see a great deal more than the rest go down with it. So I wouldn't make a great deal of a deal about it. You don't have a lot of volume out here. And really, right in the half of this big candle went back up. Ideally, though, you'd want about 2375 to jump in Kamiko on the, you know, if the volume remains light, you get a little bit of pullback, really anything under 24 could be fairly good. I suspect it's going to do a lot better in the in the fall as people get cold with the rush keys, shutting off the natural gas to Germany. German Prime Minister told everybody today, start cutting wood. I think that tells you about everything you need to know. Be back in a bit. TFNN has been your trusted source of analysis for bonds, metals, stocks, commodities, and options for years. And we are happy to announce that we are bringing that same caliber of analysis for the forex market. Teddy Keckstad has 30 plus years of experience in forex trading, commodity risk management, forex hedging, volatility, and so much more. 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Anything that burns gas now problematic, you're getting some bounces in them, but planes and boats and RVs problematic. You need about 4 million shares. You're probably not going to get it today. I would have been out this thing on the pop today. Again, it's hard to tell what's going on with crude today or natural gas, but they're all moving fairly succinctly. That's it. Let's go back to this. Did I talk about Microsoft? I think I was going to get to that. Microsoft back up not bad, but volume really poor today, 14.2 million shares. Could you still get back up to 285? Yeah, that's where real significant resistance is. Setting up, I suspect a better trading range from probably about 255 up to 285-ish setting up here now. Okay, the S&P up 66, Dow up 430, Nasdaq up 230, and the Russell up 28. Okay, we'll go back to it. Did I get everything else? I think I did. To NFLX for John. We'll get anything going here. I have to say that I've been watching a lot of TV. I do get a lot of ads for Beavis and Butthead. I watched their Paramount movie special that was out. Beavis and Butthead do the universe. You know those two young gentlemen? I smell Oscar. Anyway, they've got the series coming back tomorrow night, not on Netflix. It's on Paramount. But as I said, I don't think that there's a lot. The biggest problem I would say for Netflix is whether they end up losing a lot more subscribers just because they have one very heavily watched TV show, one accounting for 50% of all viewership, and that had its season end here what a week ago. I don't know if they've got something really big that's going to drag more people in or keep it. But generally, when you get to half of everybody watching one show, it means that they're probably not watching that much of the other half. Always looked at the ups and downs of HBO when the Spranos went off the air. And a few other times, a lot of dips and dabs depending on how good your contract is. 1883 on Paramount loved it. Okay, that's it. Okay. I still haven't gotten any answers about why Boyle took off to the races today, about two o'clock, and given about half of it back, I didn't get a chance to dig through it before the show. But a lot of times, this has to do with futures, expiration, and or just the old short squeeze. But man, that was a nice little pop there. Volume, okay, but not that exciting. 2.2 million shares on the first and you got about 2.8. But you just went into this gap and you're really finding that resistance does come right in at that 84, which is the gap up on the 22nd of July. That had 2.2 million shares. So that is part of it. And then you've got this gap down. Happened on 2.6. So not an easy chart to read out here. But again, we're getting very close to finding the lows seasonality wise in natural gas. And that's kind of the last two weeks of August. So that'll be it. 1883. What's that about? I haven't seen that terminal list. I haven't got into that. I don't know why. Maybe because I saw five minutes of Jurassic Park, and now I'm off that actor. Okay, what do we have? Okay, question on IBM. Oh, that's right. Yeah, yeah, yeah. I had thought about that. 1883. That's the prequel to Yellowstone, the big draw on the Parrot Mountain Network. And that doesn't stream, I don't think. Does it? Yellowstone? But yeah. International business machine still has that high volume low out at 125. So you need to get back in there and test it. They need your prequel to flash. Okay, I wonder if you have to watch the prequel if you haven't watched the regular show. I don't know about that. Okay, anything else? We did that one, did that one. Okay, question on gold. We talked about how it would be nice for gold to have a little bit of a pullback into this gap. Very light volume today. Yeah, I don't know if you're going to get any more. But ideally, 162-ish would be awful. Sweet in the GLD. Not saying you're going to get it. You gapped up. You really didn't have a ton of volume, but it was okay. You had 7.5 million shares on the 29th, and you're down on about half that today. And you pulled back a little bit on it. Yeah, depending on how much risk you want to take and how short of a trade you're looking for in gold, well, you got Thursday, tomorrow. Ideally, I'd love to see this thing pull back on very light volume into Friday's close and keep under like maybe 163 with no volume. And that might set up a continuation or move on. Ideally, 162 would set up a nice ABC to the upside. So yeah, I'm waiting for a pullback. Okay, question on Tesla. How high can it go? Well, I think you're running out of juice right about here. Huge down day on April 26 with 45 million shares. You're really kind of up to it with 21 million shares today. We'll be back in a minute. 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And as we wrap up today's show and wrap up the end of fun buying with a lot of short sellers out there in the market, probably being the first to blink on this, I've noticed I've gotten a bunch of email from the usual suspects who told me that the end of the world has been coming for the last three or four days. And generally those guys run out of money. I noticed the ones that voraciously email me all day long about the coming end of the world and why they are short 10,000, 100,000, 2 million shares or something. It's always, always interesting. I just always wonder whether these folks have money when they finally get to the market pulling back. Markets going up about three fourths of the time, even in a bear market. And I don't think anything has changed my mind that we're probably still in a fairly bearish market. Just got too short, got a lot of people moving higher. And we're probably going to see some distribution, I suspect. But anyway, keep an eye on it. If the market starts moving down, probably a pretty good confirmation that a lot of this was fuel from fun buying and running a great deal of shorts. Now in eBay, after the bell, we had who? Who? Asking about this, who was that? Accidentally deleted it. Sorry about that. About eBay after the bell, I don't know. I don't know anybody using eBay anymore. It's a great conduit to mostly Chinese stuff. I don't see anybody really advertising. It's either Craig's List or a variety of other things that they're actually selling. You know, maybe I'm way off on this, but I don't think they're probably good. I mean, just looking at the chart, I'm not expecting a whole lot of either way. A lot of resistance just slightly higher. So when you can, not when you have to, and we will see you here tomorrow, same that channel, same that time.