 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good morning everybody. I'm Tommy O'Brien, coming to you live from TFNN Wednesday morning, 8.30 AM, 60 minutes to go until that opening bell and Mark it's charging higher in a big way. The Dow Jones leading the way, the Dow up about 2% right now, 524 points in the green, above 27,000 at 27,015, S&P futures up 43 points, 1.4% almost at 3226, NASDAQ futures up 64 points, 10,071. We've got oil in positive territory up 62 cents at 4091, the bonds yielding 0.65% right now. You're looking at a gold contract off about $4 at 1808 and we'll start things off, we'll start off with the chart of the S&P 3227. You know what? We'll start it off with the headline of the morning. It was the headline of yesterday afternoon, Moderna coming out with their information in terms of vaccine trial, it's phase one, 45 people. So keep that in context in terms of early in the process, but encouraging data nonetheless. You had potential vaccine, it produced neutralizing antibodies in all 45 patients in its early stage human trial. So from there, of course, many more phases need to go. But you received 15 people in three different categories of dosing, 25, 100 and 250 micrograms, all of them producing neutralizing antibodies, the important antibodies which you believe bring immunity and after two vaccinations, robust immune response in all participants. So the market gets that news and it accelerates higher. You see the jump from where futures closed and opened within an hour of that news, you trade up. We're now trading at 3228, we just hit 3230. So for some context here, we are right up where we were when we had the highs of early June. 3231 was the high on June 9th and you're looking at 3231.25 is the high on June 8th. From there we know where we went, south is where we went and right now we just came within about a point to that level trading at 3228 in those S&Ps, the Dow climbing up to those levels as well. We're back above 27,000, I have a Fibonacci on here from before, but you can see before I delete it, right? 618 bounced right off that level, we're now right at a 786, 27,091, we're sitting at 27,026. The NQs were at 10,717, about 300 points from the all-time high, excuse me, 11,058. Checking in on the VIX this morning, the volatility index, 2814, pairing some of those gains we had. Quite a spike yesterday, 3367, just like that, we're sitting at 2814 right now in the S&Ps. Okay, in terms of what else we have going on in the market, Goldman out with their earnings this morning, their share is surging as earnings blow past the street on best trading results in years, following up the lead that JPMorgan set yesterday, bank earned 626 a share, blowing past the Wall Street estimate, revenue 13.3 billion, 41% more than a year ago. Trading drove those gains with fixed income revenue coming in at 4.24 billion, equities trading 2.94 billion, investment banking 2.66, Goldman trading higher, so set aside 1.59 billion for potential credit losses due to the coronavirus. So earnings, 378 a share, revenue 9.75 billion, fixed income just staggering across the board, Goldman and with a market that's just plowing higher, Goldman up about $9 right now from the 214 close yesterday, trading at 223, 23, let's just check in on some of the other banks. Yeah, JPMorgan crushed it yesterday and finished almost even this morning though, you're trading up about $2. Now with that Moderna news, you're getting a lot of stocks like the airlines trading dramatically higher on that potential from 3174 for United, we're above 34, American airlines, right? Look at that spike on that news from 1160, we're up about $1 to 1257. The airlines 26 and changed to 2773, even the domestic airlines JetBlue, some of the, I mean that's like a what, 12% jump, 13% jump, Carnival 15 to 1630, so big moves across the board on that news in this market. It's just creeping all morning, the S&P's up now approaching 47 points. Quite a far cry folks, you almost can't overstate yesterday morning, we pulled up the chart, right? The VIX was sitting at 33 and changed as things look pretty dire, 31, 20 in those S&P's and quite a day yesterday and if you look at where we were, 31, 19, we are now 110 points above that in the S&P's within the span of 24 hours. That is an acceleration when you look at the Dow, where we were yesterday, you're down at a low of 25,900, you jump past 26,000 and a jump past 27,000 in the span of 24 hours in that market. What else we have going on? Apple, quite a court victory. I was joking with some friends this morning, I said I wonder what the legal bill is like when you win a $15 billion court case for your client. Apple wins a tax battle with the EU as the court annulles a 2016 order to pay $15 billion to Ireland. The European Commission said in 2016 that Ireland had enabled Apple to pay substantially less tax than other businesses over many years, but the EU's general court decided that the Commission failed to prove that the Irish government had given the US tech giant a tax advantage. Nonetheless, Apple $15 billion, that I'm sure a few handshakes and high fives around the board on that news. Apple, with the market, you're trading at 395 right now, 399.82 that high. Let's jump around to some of the tech stocks this morning, 209.25 for Microsoft shares from 208 yesterday, Amazon, the giant, 3080. So pretty flat for Amazon, which you would be encouraging to see if you're an Amazon shareholder because Amazon has accelerated so much higher when the market's been in trouble, right? When coronavirus looks like it's gonna be the worst of the worst, Amazon has benefited from that, the stock trade's higher. Well, we have some really encouraging news out there about a potential vaccine long way to go, but pretty encouraging. And you have Amazon trading flat, not even down trading right now at 3080 from 3084. Gotta check in on Tesla shares, Tesla holding up relatively well above 1500, 1544. This is right kind of in the range that we traded at all of yesterday, actually above that range. But you see where we're pre-market, I don't know if 1800 is a fair price. That was a quick acceleration, but 1500, 1400. Actually that is a fair price for Tesla in the long term. One of the fan favorites for sure. Mortgage rates out this morning, set a yet another record low. Homebuyers pulling back though, stunning, I mean just staggering, 3.19% you're looking at for the 30 year fixed rate mortgage applications to refinance a home loan. Most sensitive to weekly rate moves jumped 12% for the week, were 107% higher than a year ago. Home mortgage applications volume rose 5.1% last week compared with the previous week. Staggering numbers, if you have the ability to refinance, you haven't in a while. It's pretty remarkable that that just keeps accelerating lower on the 30 year, the 10 year yield, like I said, 0.65% right now. You're looking at the 10 year trading, 13905 down from 139.16 yesterday. Stay tuned folks. We'll come back from the break, see what else we have on tap for Wednesday trading. Stay tuned folks. I'll be right back. TfNN has launched our brand new website. 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The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principle. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com, then hit watch Tiger TV. That's TFNN.com, then hit watch Tiger TV for the latest market information. Shame on me I do. Okay, we'll start it over. Perfect. S&P is positive by 45, Dow positive by 536. I was just mentioning the acceleration we've had since 6 a.m. this morning. You were trading at 3200 on the dot, we're about 30 points above that level. Just a full percent from even where we were this morning. You see the gap last night, we close out the session last night at give or take around 3185. We open it up at 6 o'clock at 3204, we're within a few points of that level at 6 a.m. and things just been plowing to the upside and as I mentioned, we're right up there near the highs. If you get above 3231.25 I believe, is that our high? There's 3231 on June 9th, 3231.25, so you're within 3 and a quarter points of that level. You will be trading at a price level that you have not seen since February 25th, which is remarkable to think about, but that's where it would put us back in the market from the low of 2,174 in those S&Ps. Okay, what else we got going on? Let's see. So tax day, I saw this come up. If you got an extension, if you didn't file them, today's the day from April 15th. We got 90 day extension today, July 15th, tax day on July 15th due to the coronavirus. What else we got going on? Stark numbers out there this morning in terms of the coronavirus, record day 67,400. Not the kind of record you want to be setting for new coronavirus cases. We're averaging 62,210 new cases per day over the past seven days. Of course, Texas, California, Florida accounted for a total of 31,000, just the three states on Tuesday. I mean, you jump into it in terms of the Florida numbers. Florida, this was yesterday setting a single day record of coronavirus deaths with 132, adds 9,100 new cases yesterday, pulling up the actual report. You're looking at a median age of 41 now. And I stress median because if it was the average age, that number is probably going to be higher, okay? Because you have a lot of people that are 70 or 80, and the median is just the middle number of all the people. If you actually average the ages, that number would be higher. That means half the people fall above the age of 41, half the people fall below the age of 41. Percentage positive yesterday, stark numbers there, 15.02%. You don't want to see that. We saw huge testing numbers on the 11th and 12th in terms of the actual numbers of tests that did bring the positive numbers down, still only 11%, though. You want to be under 10, you really want to be under 5. We'll see where that goes. You pull up the death totals, though. You saw the headline in terms of single day death record, 132 added. There are the numbers in terms of cases, deaths, definitely a rising number. Now I bring all that up because the CDC is saying that, and this is where, this is spreading. If you're under control one to two months, everybody wears a mask, it would help essentially in a big way, and maybe that gets control under these numbers. Because being in Florida, folks, it's a way of life right now to be aware of what's going on with those types of numbers in a big way. All right, what else we got going on? Head on over to the front page of TFNN. I just started my newsletter, a report. Every week it comes out, I'm putting out daily updates, at least for the first couple of weeks. Gonna look to build some positions in there, longer term and shorter term, coming into earnings. We got Netflix earnings tomorrow. Rocket equities and options report, and I got a great deal going on. You can save 50% with the promo code ROCKET. Get in there as a charter member, R-O-C-K-E-T, add the code. You'll see the savings reflected, and the best part is you lock that in for the life of your subscription. You still get a 30 day money back guarantee. Please try it out. If you're not happy with it, if it just doesn't suit what you're looking for, we all have our own trading methodology. Cancel. You can request the money back guarantee. No questions about it. And I appreciate anybody that gives me a shot at that. And the support out there. So check that out on the front page of TFNN.com. Some of my favorite stocks out there that I'm always taking a look at. Disney shares charging higher Disney, in the epicenter of it all, right? You're in, there's your short term action, charging higher on the Moderna news from 1866. You were below 115 on the open yesterday, and you're gonna open above 122 on Disney right now. Apart from Tuesday, you saw the acceleration though on Monday from 121. Down to 116 on Monday, you open at 115 on Tuesday. Disney would benefit tremendously. Florida, I don't know how, there aren't gonna be as many people to put it lightly traveling to Florida to go to Disney. But the thing is right now, I believe they're only open for pass holders and people who had already bought a ticket can reserve space because it's so limited. But then of course you look at the parks, you look at Disney Plus, Disney out with their earnings, I think August 4th or August 6th. And so we'll see how that hits. Uber shares, ride sharing, trading higher as well from 3093. We're gonna open above 32 on Uber, Lyft, trading from about 2751 to 29. All these travel related stocks, Lyft, ride sharing, all that stuff. Excuse me, very, very hard in terms of the impact they have to endure, just like some of the airlines would jump over to Boeing. Look at this acceleration, right? Boeing needs to see things open back up. I mean, just I said just from a personal perspective, following the news, all the, there's a lot of negative news going on in the world right now. It was pretty encouraging data, Moderna last night. And my friend rightly saying so, I don't wanna get excited over a phase one study yet again, right? It's a phase one study. A phase three study is thousands of people that are tested with placebos and so forth, all they did was they gave it to 45 people. We'll see how that plays out. But encouraging data, if all of them had neutralizing antibodies, didn't seem to be too harsh of an impact, and hopefully everyone gets on board. The next battle, folks, is gonna be making sure that we can get this under control and maybe people trust the vaccine to be safe. Cuz vaccines, unfortunately, a little bit of a problem right now in our country, the attitude some people have towards vaccines at a time like this. But the market, loving that news, we're up at about 187 from 179 last night on Boeing shares, jumping around some of the other stocks in terms of Nike, you're trading from 9650 to 9826 this morning, checking around to some of the staples, how about McDonald's, right? Look at these charges from 184 yesterday and McDonald's almost. You're gonna open almost at 195, Starbucks shares to 74 I mentioned. Let's see, what else are we gonna jump around to? Some of the banks, as I mentioned, out with their numbers, and let's just pull up real quick. Yeah, so we had Goldman Sachs. What else do you have? You also had, I believe, USB with their numbers, US Bank Corp trading higher from 3650 to 3750, PNC with some volatility on their numbers, up to 104, back to 102.16. I think we got UNH, should we get UNH health? Let's see, what do they come in with? All right, so earnings, they were looking for 515, they made 712. Trading at 309, not sure of the volatility there is a vaccine potentially not good for UNH. I mean, look at this, right, from 300 down to 187, back to 300, pretty much flat on a lot of volatility, their earnings, and the fact that we might get a vaccine for COVID that has a potential in the long term to be a game winner, we'll see. All right, stay tuned folks. They're gonna be coming back from the break right now. S&Ps, did we hit it yet? Where's our high? We did, 3232.25, that brings us back all the way to February folks last time we were trading at 3232. Stay tuned, we come back after the break. See what else we have on tap. We got oil inventories at 1030 as well. We're gonna take a look at crude in a moment. Stay tuned. Back in the day, I joined the Hotel California in 2006, and like many of you, was drawn in by bam, as well as... Whatever you think about, you bring about whatever. You focus on growth. Yes, 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. 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They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal-edge, formulated and approved by Niko and Paige of Living a Primal Lifestyle. Buy it today for just $89. 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 and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV for the latest market information. Fact, folks, we got those S&Ps up 48 points. It's $32.31 right now. You're looking at a Dow, positive by $5.58. NASDAQ and Qs, positive by $77. Taking a look at oil, $40.91. Looking all the way back to where we were on January 8th, $65.65. $65.65 down to 6.5. That works out. We're the 65s, right? Why not? The low, April 21st. We've been up at this level though, $40.92, right? You back it up. I mean, look at the month of June. $40.44 was the high. We made it up to $41.63, $40.108, $40.95, $40.108, $40.99. Critical level, especially coming into crude numbers. $10.30 AM, we got inventory numbers. Always an interesting time in that crude market. You back this up. This is a daily. You back it up to last week in terms of, let's see, what was our day? Here was your Wednesday action on crude last week. You made it up to $41.08 on that number, our high today, $41 on the dot for crude. Jumping around other commodities, taking a look at gold, golds. I mean, look at that daily chart, right? Just yesterday I was playing around with some charting. Quite an uptrend here since June 5th. You just traded from $16.71 up to $18.30. We're sitting right at that level in gold, down $3 today, but $18.10. Just kind of hanging out above this $1,800 area in gold. Silver up 19 pennies. Look at that acceleration, $11.64. You even zoom it in this past month, June 15th. You're trading at $1,701. You're almost at $20 in silver. Jumping over to that note market, bond market. We're just hanging, folks. Hanging up near these highs at $139.05. This market here, June 5th. That's when we reached a yield of 0.9%, actually. Market said, no, no, no. We're much more comfortable with the yield at around 0.65%. Stay tuned, folks. We got our man, Larry Pezzimento, coming up live next with Trade What You See. We have quite a day in the markets. Stay tuned. We got Larry coming up next. I'll be back at 10 o'clock with Tom. We've got crude numbers at $10.30. Fast market by TD Ameritrade. Basil Chapman, Steve Rhodes, Dave White. Tom O'Brien all this afternoon. Thanks for tuning in, folks. Stay tuned. Larry Pezzimento, he's coming up live next.