 The following is a presentation of TFNN 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 your humble lovable and squeezable soft host as always at this time we'd like to come to you the following takes place between 2pm and 3pm they kind of try to push it down kind of pushed it up at the morning everybody decided to get all nasty and bearish and of course push it down now we're still up about six points on the S&P cash but man do people hate a slightly higher market in the morning and for the most part and we'll see what happens today but as we start the show the volume is extremely low we're only doing about 3.7 billion shares on the on the tape on the complete CBOE tape had some questions so we'll talk about that right now the way that volumes actually put together is three tapes tape A tape B and tape C now tape A is the New York Stock Exchange tape B is the American Stock Exchange to tape C's the NASDAQ but the way the volume is almost always universally reported it's tape A and tape B because most of the ETFs are on the AMEX and so the volume that comes into that is on the top of the stock and you can kind of separate let me put it that way anyway 1.75 billion shares on the NYSE as we talked but 780 billion shares on the AMEX so about half of the volume is ETFs from the NYSE now we get to the NASDAQ is doing about 1.2 billion shares so far on the day but yeah those all up you know which is what I normally talk about all day and that is 3.7 so the question is why are all these tapes going on and the stock market is and all the technology for it is built upon on buildings that have built that have burnt down before and when you really look at it this tape A B and C goes back to about 1870 in the ticker tape so I don't think anybody really knows exactly how a lot of these things get done they just are and they it's always one band-aid on top of another for the stock market because they don't want to stop everything and they can't leave it alone so they'll stick a little band-aid on it and that's it anyway that's a little corner there of that so when we look at the markets we're up about six points on the SP cash 28 11 let me update this just to make sure I've got everything up 47 on the Dow NASDAQ's up 17 Russell 2000 up almost 10 on at least a little hint of better trade numbers and I continue well we've got pricing for Lyft after the bell to night they keep running around saying that it's going to price out at about 80 dollars a share we'll see they always say that by the way so you never really know until it actually hits the fan or gets withdrawn before become a horrible embarrassment but yeah NASDAQ's up 18 probably the big deal is the dollar out here I think dollars to donuts everybody thought that the dollar was coming back lower well it surprised you it's a 46 cents today and that put a hurt in the get along which I always love that saying don't know exactly what it means but the hurt in the get along on gold down 21 1.6 percent silver off 2 percent under 15 bucks at 1498 platinum almost down 2 1.8 percent actually 846 15 copper actually up a little bit and again industrial part of the market probably really going to get going as soon as we see copper back above three bucks been hovering just down there but it's a 6 tenths of percent on a day where everything else is what can I say that won't thrown off the air I'll just you I'm going to put some quotes and say insert your scatological humor here that's what I'll do okay so what else is going on out here well as you said a little bit of news I guess and actually a statement from the Chinese that they are giving up a little bit more on trade talks that kind of pop the market then everybody decided it was the end of the world we got a sell got back down to 2800 we've actually let's take a look at this just so I don't tell you wrong because every day is brand new so what was the low today yeah we got below it 2798.77 was the low so so that puts us about 13 points off the lows on the S&P cash but the rest kind of all quiet on the rest in front technology continues to be sold to raise cash to get into some of these newer IPOs and that's why we continue to see I think the NASDAQ a little bit weaker than you would think Dow's kind of in line but you know you had to kind of have all that money in this morning to wire transfer this afternoon to get in on the IPO so probably didn't have much other than the people that were really last minute going after it that may be sold but here are two four and after you can't blame any of the selling here on the IPO because that money had to be in I continue to think that they will hold this market up at least until about 11 o'clock tomorrow and of course then you go right into fund buying and again it's problematic to be short this market until probably at least Wednesday next week so maybe things change but right now given the conditions I don't think that there's a lot of money to be made in being short of the market right now not going to deny that the volume's been weak all the way back up just you know sometimes even an horrible winter you get that one day of sun you get to go out there and have some fun look at the ice smell and then of course the weather's going to go right back to crappy next week but I think we've got a week of sunshiney weather in the middle of winter at a minimum now maybe the wet weather turns better we get an early spring but I think it's going to take a handful of days to come out I suspect that we do hit 2850 probably even maybe spike it by tomorrow and we're always in the three to four days where we could run right back up to the highs on any kind of trade deal I don't think it would be beyond the scope of reason anyway when we come back we're going to be doing a little bit of hystwa and then we'll go right into charts give me call 877-97-664-8 email me at fnn.com the Taz profile scanner is the most revolutionary piece of trading software that you will ever try wouldn't you like to approach the markets with confidence as you begin your trading day it's likely that you'll be faced with lots of decisions in order to make the best decision the first thing you'll need is a strategy that will help you minimize your risks whether we're in a bull or bear market a good strategy is to have the tools needed to help you scan and analyze the markets before you trade the Taz profile scanner instantly scans and filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve doll president of Taz market profile the Taz profile scanner understands that in today's technological world the use of top flight software applications automated trading algorithms and technical analysis expertise is essential to successful trading in today's market whether you're 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1-877-927-6648 internationally at 727-873-7618 and my engineer which I called and put me on hold do you have the slack app up I've been typing at you and no response no response so I have a feeling that maybe he's hidden under something else and hasn't been looking but hopefully Alan or one of the other guys is actually there and we'll answer my my instant message anyway what else do we have going on to to um oh got an email asking me about IPOs uh and where to find out information on IPOs and that's uh okay and well I have a feeling you're in the wrong channel again because uh I'm going to you and you're there anyway uh back to Renaissance capital um they've got probably the best uh calendar on what's upcoming and gave you a little idea we had two IPOs today probably never heard of them there are a couple of startups in the biotech field we had a lot of them this year but they're all you know 50 million 100 million that kind of stuff uh and yep well IPO scoop two another one out there well he just keeps putting it in the den I like this one Renaissance capital they've got a little bit more sometimes than some of the others but certainly a good calendar um but uh what you will see is the deal size here is basically about 2.2 billion dollars and that's what from time to time I know we have new listeners I call a sliver deal which is you have a company that's valued at 40 billion dollars uh but you're only putting out stock worth 2.2 billion dollars and what's the reason for that well um you want to get the price up on the available stock in the retail market and as uh that gets out there and the price gets established you'll just continue to put more shares and more shares out there that's generally a very bad thing uh for long-term investors in the fact that you know that well if we've got 2 billion or 2.2 billion out of the 40 billion out there you got 37.8 billion left to come at you uh now they won't do it all in one uh hitch but those shares are printed they're sitting up there on the shelf anytime they want the cash they'll just push out the other hundred thousand five hundred thousand shares million shares whatever they need uh for their thing and again this is where you really have to look and worry about stocks uh that have a lot of extra shares sitting on the shelf i don't have no idea the books are probably incomprehensible at this time on Lyft uh everybody loves the company but the company is not the stock and um if you want a there used to be a website that i loved called the red herring that was all about ipos the thing was maybe 20 years no yeah 20 years ago it kind of started about 98 and it had all the dirty little secrets in there it's no longer around but it was a great website for that there's a thing called the red herring in ipo i'm gonna have to take a sip of there's a thing called a red herring which is when you're doing an ipo you kind of uh put uh kind of a pie in the sky view of what's going on and you kind of hand that around and see how many people salute and it gave you a lot of indication of what was going on early on and how it changed if you started off trying to sell 10 billion dollars for the shares and then you just come in a two billion well that's one thing uh but generally the idea is when you're putting out such a small amount compared to the overall market cap it generally means a couple of things one the upside limitations on the stock are probably going to be there for a great deal of time because again you've got so many shares that haven't got a seat yet and it is kind of a musical chair business but watch for the limited upside on lift and any of these uh stocks uh there are companies that come out in ipo where they have such a small percentage of their shares up front it's almost always a huge red flag and there's a couple of reasons why people would go ahead and do it in a market that is a little weaker and that is that they have more to come when we get into next week looking ahead there's a handful of other ones they're all kind of small but a few more weeks maybe another three weeks we've got more and bigger ones to come the idea is probably to get this one out juice it a bit make it all look good even though there's only a handful of shares out there maybe even run it up to a hundred bucks make everybody think that everything's beautiful everything is beautiful in its own way i haven't heard that song in about 30 years and i think i know why uh anyway they'll run it up to get a lot of people not to sell it get the price up and then it's chum for what's going to happen next maybe they'll throw one out there with 10 billion uh dollars or everything or maybe even more uh in the coming months but there are a bunch of them out there coming so just be warned yeah yeah we all did so anyway uh okay uh oh we got a little bit of history and then we'll go on on this day in 1939 in Spain the republican defenders of Madrid raised the white flag over the city bringing an end to the bloody three-year civil spanish civil war a predecessor to world war two 1931 spanish king alfonso the 13th approved elections to decide the government of spain and voters overwhelmingly chose to abolish the monarchy and famous in favor of a liberal republic communists invaded the country and mostly from uh stallings boys uh and of course uh hitler was more than happy to give a dress rehearsal for what he was going to do in about 1939 and probably the best book about politics ever was written about this time uh george orwell who would write 1984 also wrote a book called animal farm he was a when he went there a died in the wool communist thought that's exactly what everything it needed went to spain only to find out that uh all the people cried about all the problems in spain did nothing more than do the exact same when they rose to power and that's why communism almost no almost no communists have a 100 record of failure whether it's uh cuba or venezuela or the soviet union or everywhere else eventually run out of other people's money and everything crumbles there's only one thing that communism is good at that's the universal distribution of misery copy capitalism so much better but not perfect many people think communism is good because uh capitalism is not perfect be back in a minute path of least resistance is david white's daily trading newsletter and if you're looking for active trading ideas then now's a perfect time for a 30 day free trial to this powerful daily trading advisory service david uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of lease resistance newsletter using a combination of equity trades along with options david keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted don't miss out on this great chance to get a 30 day free trial to david's daily newsletter the path of lease resistance with no obligation to 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under trading newsletters i use my years of trading experience to bisect and dissect the market every morning and give my subscribers the most important information they need to know for the day ahead i even issue afternoon updates for my subscribers whenever warranted with important market action i'm always scouring the market for the next great trading opportunity sign up for your 30 day free trial to my daily newsletter market insights stay by visiting the front page of tfnn.com well go get them folks tfnn is excited about our new software charting program the art of timing the trade charts in collaboration with tom o'brien and using his bestselling book the art of timing the trade your ultimate trading mastery system david white has programmed an outstanding piece of software that will complement any traders methodology using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for fibonacci formation setups including garthly's abc's butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only seventy nine dollars a month we are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com and oh gotta get my charts back up here got a couple people asking to start looking at the thing first question from Paul is can we take another look at Roku again I'm not exactly sure why he wants to do that as long as it stays below the nine day moving average this thing's on a sell and I always thought this looked more like GoPro than any other recent IPO but I don't know if there's anything else anyway you're up on fray light volume today 6.5 million shares you were down on 9.7 so see how the end of the day comes in but you basically just bouncing off the 13th of March that had that huge down day of 38 39 million shares you're just basing up on it but as long as it stays below nine day moving average this thing's probably coming back down to 52 bucks now it's got a massive I wouldn't be shorted this is going to be like a lot of other stocks you're gonna have to sit on it for a year or two to find out that it's a house of cards are okay you but yeah I mean you had 40 short interest on this for two days ago yesterday 36 percent so this thing's always massively shorted you got 11 it's actually come down which is one of the reasons why it's probably having some weakness I mean on the what was that on the 31st of January for the bi-monthly data he had 21 percent short interest on it that's gotten down in the last reporting period to 11 about 11.6 and when you see the short interest drop in about half almost always a good signal the the shorts have quit shorting and what does that mean it means without the shorts to hold it up it's probably coming back down and you can see that in a variety of stocks the big fall off in Tesla where it went from about 40 percent down to about 18 percent short interest off about that 330 340 level but when you see these massively over shorted stocks the same thing and generally the big runs like Apple we talked about it having a you know going from one day to four days to cover in a big stock like that tells you about everything you're ready to know and that is they're about ready to run all the shorts as soon as everybody gets shorts now the stocks that come down the most are the ones where the shorts were too afraid to get in then the stock starts moving down and then they hope that it bounces they get short again it never bounces that much and it just continues to deteriorate normally when everybody hops on board it's almost a bottom and you can see that routinely in the way this works for those new to the show when you're looking at the charts a little black candle things that look like a matchstick down here actually a reverse matchstick would be black for the thing and and red anyway the little black parts of those candles show how much it's been shorted in the big days back here when this thing actually bounced on the 7th of January he had monster short sell numbers in Roku let's go back that R-O-K-U so what is that that's a first couple of days of January let me go back and see exactly what those numbers look like uh okay yeah on the 7th of January 40 percent that's uh that means four out of every 10 shares that day were shorted uh and those guys just continue to short every time it goes higher you have a big amount of shorting didn't go it now um basically everybody kind of gives up and it comes back down but again uh Roku one of the more dangerous stocks uh now that it's kind of come off this high and uh short interest is still there but once everybody kind of gives up look for it to come back at least to support which is going to be around 53 dollars on that okay what else do we have go to our email short squeeze uh did uh what about 30 squeeze last for about three days okay uh in Bev reports earnings if news is good what would be the short squeeze look like so let's take a look at that real quick uh in Bev don't know why this does not have any fix that uh what we've got was uh of the last three days 35 percent short on the 25th 32 percent on the 26th yesterday 24 percent so it did kind of come off a little bit for the monthly you got four days to cover that this means that uh at the average volume which is about uh Anna and I'm going to say about five million shares a day it would take four days if only the shorts decided to buy at that same five million shares a day to get them out so generally of course uh the longs if you do get a short squeeze started are not going to let you out easily they're going to they're going to get you out there what I did think was till ray actually look fairly good uh and certainly new age beverages out here also uh I'm not a big fan of the genre uh but I have to say just looking at the charts out here doesn't look bad and yes if you have some kind of surprise or announcement or buy back in this a five dollar stock and could it be seven bucks in the morning uh with this biggest short interest I don't think there's any problem with it doing that uh but uh again if you wanted to be short you had your opportunity but it's sure it should have been till ray uh not a fan of shorting stocks below 30 dollars uh to to to okay no one's going to take me up on my offer someone asked me to fix something I said I'd fix it for 50 bucks seems cheap to me uh to to what else do we have uh to to to okay so we're still up five points on the s&p cash and let's update this just to make sure that I haven't lost anything uh nasdaq's up 13 dow's up 48 russell's up nine and again got that russell running away uh with the market uh issue let's take a look at this okay okay just wanted to check on a few things if you've got any questions give me a call at eight seven seven nine two seven six six four eight I think I answered all those questions yes uh in bev on big uh selling all right on a good earnings call you probably want to hang on to it three days until all those shorts have given up and uh that's generally on the first pot you get about three days we'll be back in a minute 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 are 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 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866-476-7523 or visit directioninvestments.com a fund's prospectus and summary prospectus 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 for 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 and let's see hang on just a second let me email somebody something and that's it took 15 seconds to look it up really okay what else do we have and this kind of a quiet day continue to take a look at volume let me get this i'm going to move a few things around here to to to okay still very quiet for a billion shares on the consolidated tape you know we did a couple of days a couple of fridays we got really close into the 10 billion share days not much going on just very very quiet uh gold off 20 bucks if you didn't see it earlier uh crude still holding about 59 let's take a look at the oh i h real quick as we said this is the strongest uh well there's two times a year that are the strongest for crude and oil and that's because most of the rigs are shut down as they uh overhaul especially the refriners go for the winter and summer change in the gasoline mixture although i don't think it actually makes a hill of beans worth the difference most scientists don't think it does either uh and you know you got just kind of up here hanging in the highs but of course as soon as you get a lot of these wells turned back on that will be turned back on here in about seven to ten days uh you get a flood back into the market of crude and uh so you got about another week or so natural gas of course um probably not going to do much until the dog days of august and that means about august 15th seasonally you're done for in natural gas unless something drastically changed which i do not think it's going to happen okay uh to do what else do we have i wanted to look at a handful of other ones let's go ahead and start this we've got plenty of time left today yeah uh someone wanted me to look at cars cars dot com i i don't think any of these things are going to be doing uh well and this one's probably coming back to 20 and 14 cents so i don't think there's a lot in that uh to to to what else did we have this fbio i was looking at it a while ago uh actually uh i had a nice gap higher on the 31st of january about 9.6 million shares got into it with 417 000 shares and now back at support with about 155 uh 156 000 shares today this is fortress bio biotech i don't know a lot about it but certainly it did have a nice bounce and if you're looking to play the pennies in the biotechs uh yep get looking for a lottery ticket uh doesn't look like there are many better than that got a quick call in here to take a look at the gdx and you know you didn't have a lot of juice on the way back up you got back into the previous high that had 30 excuse me 62 million shares and it wasn't all that bad you had 58 million shares uh back on the 25th so you got into high it was just a little light i mean not that bad uh and then gave it all up today uh but again and gold is like that isn't it it's the treasure of the seadra madre it's just there to break your heart harmony hmy you know helio and matheson it's just it's still in business i am surprised hsy the hershey company uh it's broken out but without a sign of strength looks fairly weak i don't see anything going on in that one see what out here uh lth m which is live in okay see if there's anything else out here the spot take a look at spotify of course uh yeah spotify i still don't um see much in the way of uh this stock but again i think this thing's just going to be held up for a while and sold into um again i bizarre ipo the way it came out uh it has a little bit of that smell uh who that smell is that who sings that lennard skinner who that smell that smell that gets around you uh what about cocaine wouldn't it i think that's what it was about uh usg let's take a quick look at that one um that's just not gonna change much here let's go back to some of the other big names real quick and uh we'll take a look at that okay now still holding up five points on the s and p cash amazon and not much happening except very light volume yesterday he did 4.3 million shares just 2.3 million shares so a very light volume day we'll see if we get the same in many of the others of the big leadership of the fang brothers microsoft yesterday at 25 22.7 million shares today just 12.5 so far so again we did push down a little bit didn't get quite into that low uh of yesterday but certainly the volume isn't there taking a look at some other ones ad b e dobby's been hanging up at these highs i had a big gap down on earnings finally got back up to uh the uh level it was pre earnings on the 20 what was that the 20 uh no the 14th uh gap down didn't get down that far came back up yesterday on that one you had 2.5 million shares just 1.2 million shares now so again just very tough to see any of these uh doing much let's take a look at some of the ETFs bounce over to those real quick uh semi conductors actually could be looking fairly bullish today you only have 5.6 million shares going into an 8.4 million share gap up on the 15th so at least in the short term you've got this pulling back with wider volume and into the gap if you were willing to uh take a flyer on this um you just want to probably look at today's low as a stop which is 103.99 we've been watching the biotechs so many of them look like they had something that they may be showing um just light volume down on that too so don't see anything there yesterday you were down on 3.3 million shares today so far 1.5 million shares so certainly if you were looking for a lot of volume to come in the market you're not getting it today stamps.com got destroyed I don't know if there's anything in it other than what they've done before uh certainly uh down on 13.6 million shares on the 22nd of February uh today just 448,000 shares so uh doesn't matter good bad in the ugly all have one thing in common today that's light volume we'll be back in a minute. I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the s and p 500 for the last 12, 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for mastering probability today by clicking on the newsletter tab on the homepage of tfnn.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today David White's newsletter the technology insider is focused like a laser on finding the next big things in technology if you would invest in 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 tfnn to capitalize on these opportunities this is the go-to newsletter that identifies monitors and profits on mostly little known cutting-edge companies with great long-term prospects David's experience is as an inventor of Emmy-winning animation products for TV and Hollywood that propelled a company public match that with 14 years as a full-time trader and he's uniquely qualified to guide you through the light speed world of ever-evolving high-tech if you're ready to ride the next big technology bull market for less than $40 per month log on to tfnn.com and get your two-week free trial to the technology insider get in on the ground floor of the next big thing today since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand-drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two-week free trial to the opening call Basil's daily trading newsletter by visiting the front page of tfnn.com cancel it anytime during that trial and pay absolutely nothing get your two-week free trial to Basil's newsletter the opening call today by visiting tfnn.com catch Tom O'Brien professional trader and educator founder of TFNN also a special guest on CNBC Tom will bisect and dissect the markets the Tom O'Brien show next on TFNN well the brains of the organization has decided to come and break in to the the studio today this is Mr. L Diablo and for some every reason he's all upset about something but I can't tell what it is but uh yep there's the brains of the organization but uh pretty nice little pup now go play what else do we have going on out here today well Twitter pretty light going on um volume and the question on this one uh that I got from who is this John John uh is uh what you know you get down uh on the 7th of February you got back into this I tell you what this continues to have more and more bad news surrounding it and its long-term viability I really dislike the CEO um not from a financial standpoint but from a decision making standpoint he continues to take what probably should be a free speech platform and destroy it um word out that he went after people who didn't have hate speech or all the other easy things um Elon Musk posted something about um his driver driverless cars and how proud he was one guy put a spreadsheet up of all the people that died in the car uh in a tweet and they ran they basically revoked his account so we we have something that probably is broken uh but not broken on the consumer side broken on the management side and that is that they've risen to a level where they can't help but unless free speech anywhere they think that someone is doing something they don't quite like and that is always a problem um very tough on Twitter um just from a management they're gonna have to come up with some way of calling balls and strikes is it we gotta be back tomorrow same back channel same back time tell when you can't help when you have