 The following is a presentation of TFNN. The morning markets kickoff with your host, Tommy O'Brien. Good Monday morning everybody. I'm Tommy O'Brien, company live from TFNN 8.30 a.m. Monday morning, 60 minutes to go until that opening bell. Hope everyone had a great Fourth of July weekend out there. Nice to get three days off and the market picking up with some strength right where it left off last weekend. I got a 15 minute chart up there. You back it up to last week. Talk about a straight shot upward from 2983. We opened previous Sunday night in the futures. We're currently trading in the S&Ps up about 40 points, trading at 3168. NASDAQ futures up 128 points, trading 10,483. Dow futures up almost 400 points, trading 26,145. We've got oil basically flat at 4062. We got gold off about $2 right now, gold, excuse me, gold up now $3 at 1793. Silver up 28 cents. Let's jump over to gold and silver real quick. Here's your gold chart now up $5 in the future. And you can see why I thought it was down a little bit. I haven't been paying attention over the last hour or so. Gold creeping higher from the lows that we made at about 6 a.m. We're trading from 1782, now climbing higher towards 1800 at 1795. Silver with a bid as well, excuse me, 1863 and silver the high of last week, 1885 as we climb back up towards that level. Oil contract basically flat at 4067, made a high of 41 over eight, excuse me, 4108 overnight and notes and bonds, some pretty muted action with what's going on in the market right now. We get the 10-year off about six ticks at 138.29. You can see though, not even back to where we were on Thursday. Excuse me, in the 30-year down 20 ticks at 177.21. And we'll start things off. Let's jump over to the VIX this morning. As you may expect, this market plowing higher 27.55. That 25.73 print there, not sure if that's a real print. On Friday, made it, excuse me, Thursday, final trading day of last week, made it down to I believe 25 handle, 25.90, right at about 9 a.m. in the market. This VIX pairing some of those gains pulling back with the market that just continues to want higher price. Jumping back to what else we have going on in the market, jumping around to some of the stocks with action this morning. And we'll jump right into Uber. Always taking a look at Uber. Their deal to buy Grubhub falling apart within the last month and they go right back at it. They get it done with Postmates. Reportedly agree on a $2.65 billion all-stock deal. That deal and we got Uber trading higher on the deal. The ride-sharing company Uber agreed to buy, excuse me, agreed on a deal to buy food delivery app Postmates. I personally never used Postmates. The deal approved by Uber's board could be announced as soon as today adding that the head of Uber's food delivery business, Uber Eats is expected to continue to run the combined delivery business. Postmates last valued at $2.5 billion when it raised money in September. So they're coming in at 2.65, making sure that the people who came in the last round, they get a profit too. Founded in 2011 and they accounted for 8% of the US meal delivery market in May. So quite a slice, 8% adding to Uber's and you're gonna see the pop in Uber charging higher from 3068, we're gonna open almost $3 higher. That's almost 10% on Uber this morning from 3068 to 3346 right now on Uber. Little bit of a different story in terms of Lyft but I like to take a look at both of them. Lyft really not in the food delivery business but nonetheless from 3182 up with the market to 3275 this morning. Other stories out there we have going on. So yeah, we'll jump to the bond story. So it was interesting in terms of we took a look at the yields, right? Yields higher as investors await economic data. What I want to get into is that they really aren't moving as much as you might expect. So let's take a look at the market real quick because keep your eye on yields as this market continues to go higher yet yields just not, I mean, notes and bonds not really pulling back. I mean, this is your market, right? A straight shot upward. Normally you'd see bonds, the price of bonds pulling back, yields going up if the market is accelerating to that degree. Now that's going back all towards last week, right? We include Friday, you make a low in the market Sunday night in the futures. Now we jump to the 10 year. Talk about a different story, right? It's almost no correlation whatsoever. We're just in a range and we've been in a range and you put this, talk about a flat line folks. We are just hanging here at 138.31. You did have that dip at the beginning of June that correlated to a 10 year yield of about 0.9% and for reference right now you have the 10 year yield pointing at sitting just under seven tenths percent at 0.692% for the yield on that 10 year. Turns out what else happening? Just a Warren Buffett over the weekend putting some of his capital to work. Come on, cooperate. Load for me, there we go. Berkshire buying Dominion Energy natural gas assets in a $10 billion deal. So they're gonna spend $4 billion to buy the natural gas transmission and storage assets including the assumption of debt it's about $10 billion. It's the first major purchase since the whole collapse in March for the coronavirus. So Berkshire Hathaway Energy will carry 18% of all interstate natural gas transmission in the United States up from 8% quite a boost. You look at how much cash Warren Buffett has on hand at his annual shareholder meeting just in May, $137 billion. I mean it's remarkable to think about it that type of cash just getting a 2% yield and you're not getting a 2% yield right? The 10 year yield sitting at about 0.7% but if you're able to somehow get your money into a money market even if you want to say get 1% if you get 1% you have an extra $1.37 billion next year that you need to spend, then you had the previous year. So they're spending $4 billion, some of that cash natural gas, a market that's been hit especially hard jump over to natural gas real quick. We did get that boost recently from the low of 144 but as you can see we're just kind of sitting in this range from 160 maybe the upper end of that it's about $2, you're trading up this morning we'll zoom it in on a little shorter timeframe. There's your acceleration over the weekend right? From 175 even up to 186. There was real action last week on Monday trading all the way from under 160 we made it to above 175 and this morning we're trading about 182. Jump to oil real quick as we're taking a look at some of the commodities, oil 4072 putting this on some context for a risk reward basis quite a V formation. We are now back in the gap from where the pain really began when the Saudis were talking about really hitting the market dropped their cost dramatically over the weekend from March 6th to March 9th the oil market falls apart and we're now within that gap the low end of that gap 4105 and we just hit folks 4108 right? We actually made that whole gap back if you said when this market was falling apart in late April that we're gonna close that gap by July 6th. I don't think most people would believe you that that one was coming but nonetheless there it is. All right what else we have going on before we get into all the stocks and the equities last day of the tiger dollar sale check it out we're about to go into a break three minute commercial I'll be right back. 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I'm trying to pull up Tesla talk about a rocket ship it's continuing folks my charts come on keep up how about this we close out last week at 12.08 we'll just add about $75 to the price tag of a Tesla share 12.81 this morning on Tesla Tesla gets an upgrade with a price I believe was 1500 let's see if we can find what we're looking at it was stocks with the moves and we got Tesla at the bottom of this list there you go JMP security is raising its price target $1500 for Tesla from 1050 saying the automakers position to generate $100 billion in annual revenue by 2025 five years down the road but it looks like they're pricing in some real acceleration and that might be the right play another stock getting a bid this morning how about Harley Davidson rated a buy in new coverage at city which notes an attractive valuation for the pension potential for a significant turnaround of the company's new CEO Harley and hit especially hard recently trends were not really on their side but hog today from 2344 on Friday looks like we're going to open somewhere just under $25 with 2450 by 2498 the bid ask right now on Harley Spotify got a downgrade to underperform from market perform which said that although podcast could increase the streaming service market share it will not add much to the bottom line interesting stuff the podcast sector Joe Rogan the Rogan experience Spotify scooping them up to the tune of potentially $100 million a year incentives in there you see how that plays out I don't know Spotify though 269 down a bit you see with the market charging higher Spotify down a bit on that news what else we got Boeing they got another test flight going on for the 737 max that could take place as soon as this week according to the journal an operational readiness review will be conducted involving government pilots whoops what just happened that I tabbed to the top how that happened government pilots there we go and airline crews from around the world Boeing shares particularly volatile last week they started the certification process the market accelerates higher on Monday to 195 we close it out we don't see that price tag again and you're going to open bit higher this morning up about three bucks with the market of course one of the interesting things we'll jump around airlines opening all higher today from 1230 up a bit we were almost yeah we were above 13 on American from 1250 Delta Airlines from 2772 to 2835 let's look domestic jet blue up a bit to 1095 from almost 1060 we'll finish it off with Southwest up a bit as well now interesting in light of we pulled this chart these charts up before so CMBC they keep pulling these charts this what's an updated just talking about five different charts about the economy as it tries to get back on track on COVID change in request for directions using Apple Maps so only Apple Maps you see the driving you see the walking almost back if not more so right then pre COVID levels transit nothing like a 50% a lot less people going in transit I mean you have to imagine right transit was the areas that were taking place in the biggest of cities those have the potential to allow people to work from home at an even greater level right in terms of New York City Boston some of the huge financial up Seattle San Francisco so transit nowhere near restaurant bookings we saw get back to almost 40% that was probably at the peak of the opening openings but pay attention to that drop folks were back down now being in Florida one of the biggest Petrie dishes of the mall right now unfortunately where we're approaching 10,000 11,000 I think we hit 11,500 cases on Saturday regardless of the age median age think it's around 36 right now in Florida so definitely lower but when you start to approach 11, 12, 13,000 cases a day this thing is exponential and it's only a matter of time until it hits those people in high risk we're seeing real tough things coming out of Houston right now that they might be out of ICU beds in about two weeks so I don't know how this plays out hotel occupancy rates climbing back at a decent level and I wanted to get to this chart we jumped from the airlines I mean you can't look at this and have any I don't know how you have faith in these airlines coming back folks air travel basically decimated and guess what basically still decimated down about 80% I read a story over the weekend you had a senator who was flying on one airline I can't recall exactly which one and he was shocked that guess what middle seas packed everywhere they're gonna try and he was mentioning he was gonna try and put some legislation out there that they can't fill middle seats I don't know how you have planes flying if you gotta fly them at two thirds capacity and airlines can't make money at two thirds capacity so they're supposed to be required to fly planes at two thirds capacity which means every flight that takes off they might be losing money in I don't know how that plays out and neither do investors which is why those airlines have been hit so hard we'll finish this up with home purchases talk about a resurgence in a quick way home purchases we got rates sitting at almost record lows right now home purchases holding steady in that market all right what else I'm looking at so continuing the stocks Regeneron with some serious volatility this morning to the upside Regeneron said it's antibody antibody drug cocktail to treat COVID-19 is starting phase three trials less than a month after the treatment began phase one separately Regeneron and partner Sanofi said a U.S. trial involving the use of their arthritis drug Kevzara to treat COVID-19 patients failed to help those patients recover the trials now been halted nonetheless the market liked that phase three news the most check out that acceleration on Regeneron from 620 down to 599 up to 654 looks like we're gonna open right and above the 645 range wanna see some volatility on this stock how about that acceleration from a low on January 30th of 331 we get that COVID volatility in March we were floating with lows of about 427 and since then we're up about 200 $220 now to 645 and hopefully for the country we get some action on those antibodies to help with those treatments of COVID-19 jumping around some of the tech stocks it has been quite a run now this is gonna be a daily my goodness right look at Apple pre COVID levels 325 this morning will open at about 370 the all-time high of 372 we were down to 220 Microsoft shares similar action 190 was the pre COVID high down to about 130 this morning Apple excuse me Microsoft actually gonna open open at all-time highs above 209 for Microsoft previous all-time high 20802 on Friday can't hold this NASDAQ down when are we gonna hit 11,000 in the end queues it's just a nonstop rocket ship to the upside talk about rocket ships Mr. Jeff Bezos richest man in the world making new records for what that richest man entails on a daily basis almost Friday we hit 2955 we close it out at 2890 this morning we're gonna open more than $40 in the positive on Amazon check it out it just don't stop 2931 from below 2900 and did we have thought Amazon maybe no it was Tesla I was like did Amazon get an upgrade it's almost some of these stocks you just can't keep up with some of the upgrades that they have to give on the prices because they're rising so quick one of the other companies with action medical products maker Bechton Dixon said the FDA granted emergency use authorization for a COVID-19 test that can deliver results in 15 minutes we need better testing we need more testing but guess what else we need folks we need social distancing and if you can't social distance wear a mask please being in Florida it's a surreal experience so this stock BDX up on that news 255 from 245 you can't deny things folks when everything's shutting down this thing is spreading like rapid fire so please wear a mask if you can practice some social distancing hopefully we can all get over this humping together stay tuned folks we'll be right back in three minutes to finish up the program I'll be right back back in the day I joined the hotel California in 2006 and like many of you was drawn in by as well as whatever you think about you bring about whatever you focus on growth you see I believe that everything in life happens for us not to us and Tom ignited the fire within me to want to learn how to master the markets so how did I go from knowing nothing about technical analysis to becoming the number one market timer for the S&P 500 in 2018 and the number two market timer in 2019 simply put I hired coaches with a proven track record which led me to a whole new set of tools that I created to interpret the message of buyers and sellers I would love the opportunity to teach you this award winning set of tools and help you improve your market timing you can test drive my newsletter service mastering probabilities for the next 30 days with no risk to you plus you'll 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eighty nine dollars click on the primal edge banner on the front page of tfnn.com 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 welcome back folks right now we're looking at a market pretty much right where we started off the program S&P's up about 40 points at thirty one sixty eight the dial looking open about three hundred and eighty points NASDAQ up one hundred and thirty two all the markets up about one point three to one point five percent right now checking out the action that we've had in the dial recently talk about some volatility we got a vex at about twenty seven this morning and you're looking at minus two percent two point seven minus two point eight June twenty fourth June twenty sixth plus two point three remarkable action this market continues as it tries to figure out folks in this pandemic I mean it's trading off earnings that nobody knows about right it's trading about off future potential that nobody knows about now when you want to start making estimates about three four five years down the road when yes we'll have a vaccine yes we'll get over this that's what I believe nobody knows that's what I believe but it's gonna take probably longer than people realize six months a year a year and a half and pushing for those types of estimates that's why you're seeing some serious volatility in this market jumping around to some of the commodities as I mentioned gold contract charging higher to seventeen ninety five the high last week of eighteen oh seven Tom's got a nice new gold report out today Monday great day to sign up for any of our newsletters at TFN gold report Larry's got some great reports out there for Fibonacci net twenty four seven puts out a great Sunday report Larry put out a report with the video last night he put out a report with a video this morning for Fibonacci twenty four seven subscribers you can check all that out right now though check out this talk about a run for gold to eighteen oh seven and you want to check out some action folks nineteen twenty three I'm showing as the high when you back it up on the futures and we've had quite a cup and handle formation as we climb back up to that level right now flirting with eighteen hundred on that gold contract for some context on crude not not not not a lot of strength in this chart folks from one forty seven back in two thousand eight you have the two thousand thirteen collapse down to a price tag of about forty dollars and remarkable when you think that we started this calendar year with a sixty five price tag and oil made it to negative prices and we're sitting at forty sixty one and don't forget folks what else the Tiger dollar sale on the front page of TFN dot com ends today get your bonus for Tiger dollars never expire confused for any good or service. Thanks for joining me folks. Stay tuned. Our man Larry Pezzamento coming up live next we'll be right back folks.