 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 Thursday morning, just after 9 a.m. Eastern time. We got about 24 minutes to go until the start of trading in the U.F. markets. In the red to kick things off right now, you're looking at an S&P negative by about 20 points. We were in the positive at about 3 a.m. You were pretty close to almost flat at one point earlier in the market. Markets fading a bit right now, right near the lows that we had at about 6 a.m. S&P's negative about half a percent. But man, you look at this chart on the S&P's. Yesterday's low, 230 Eastern time. You get a low of 42, 42 folks and then you trade up 100 and what is that? 25 points, 125 points in the S&P to see what we're talking about on a Fibonacci basis. Pullback wise, look at that folks. Right at the 382 in terms of that plunge at 6 a.m. this morning, you trade down to about 4320. That's where the 382 is of that entire run-up we had last night. We're about 10 points above that level right now in the S&P's. NASDAQ 100, how about more than 1,000 points from Tuesday's low to the high last night? Remarkable acceleration in the NASDAQ 100 man Tuesday low with a 12,000 handle. Wednesday high, a 14,000 handle. Now you take a look at the NASDAQ 100, you trade from 13,400. You trade up about 600 points in the NASDAQ and on the NASDAQ when we're talking about what kind of retracement we have going on this morning, not quite back to that 382 just yet. Dow off 138 points, Dow up 1500 points from where you were Tuesday. The Dow yesterday lows of about 33,274. You trade up about 800 points on the session to close it out in positive territory and the Russell negative by nine right now. Bitcoin above 41,000, remarkable how you're seeing a lot of Bitcoin trading right with the market. You see the acceleration with the market, really remarkable that Bitcoin trades up about $2,000 as the market accelerated higher yesterday. How about crude back over $100? The run is not over in crude. It looks like just yet folks $100 and 79 cents. That's a 15 minute basis. You put things on a daily chart and you see the pop that we got going on right now to 183. Remarkable, you talk about the highs of February 14th, 95, 82. Yeah, we did get slightly below that level but interesting, that's where you catch a bounce. We'll see how high the bounce goes. Right now we're back above 100 bucks on crude. Goal contract, catching a bid. Goal catching a bid as well. We make it below 1,900. Check out the 15 minute on gold. Quite the acceleration indeed. We'll put that on the 15 minute for the contract yesterday. Early, so what time? That is, yeah, that's fed. 230, you got an 1,800 handle on gold down to 1,895. You finished the day at 1,930. So a lot of the $32 in the gold contract taking place after 230 last night, gold at 1,941 right now and we jumped to notes and bonds. The low yesterday, 1,2325. You pop a bit from there all the talk about every meeting live, you're gonna get six to seven hikes is the deal. Dot plot showing seven, I believe. Chairman Powell very confident that the economy is strong enough to handle hikes at basically every meeting for the rest of the year. That's where the market maybe is not so sure. No way they end up with seven Jeff. Yeah, the market probably agreeing with you a bit but man there is so much, so many variables up in the air right now to play out over the course of the year. When you think about how things changed so dramatically last year, very, very difficult to forecast as an analyst anything going on, the Fed will be data dependent. That is the chairman's opinion right now but we'll see how things go if they really do ratchet it up with a meeting, a meeting, a hike, a hike, a hike and we'll see if the companies can keep up. It's the cost of capital increases in a big way. Yeah, and we'll find out but yesterday was the beginning of it, that was the lift off. We get a quarter point and we get every meeting being live and guess what, we get every meeting being as of now expected for a hike. Remarkable to say the least. All right, let's jump around to some of the fang stocks and see how we kick things off, man. You talk about an acceleration yesterday. How about Amazon charging up $120 off of the lows of $29.50 where in 3072 you jump to Apple shares, Apple at $158.51. Some of the stocks that have gotten absolutely punished recently really caught a bid yesterday and not even talking about the China stocks. DraftKings, I think DraftKings was up 13% yesterday after being up the prior day Tuesday session. DraftKings is up 20% from where it was trading at the lows of Tuesday alone. Zoom caught quite a bit as well. Zoom trades from 94 handle on Tuesday to 105 this morning on Zoom. Peloton caught quite the bid on Tuesday as well. 2050 up to 23 almost for Peloton shares. They were talking about ARK, right? ARK quite the acceleration from 51 bucks to 59. But man, you put this thing on a daily. You gotta put it on a weekly to get the full run. You're talking about highs made more than a year ago. Yes, that is quite a pop. We just traded from 50 to 60 basically in two days in ARK. Can you even find the bounce on that chart? Can you? No, you cannot find the bounce on that chart. Percentages on small numbers can be very deceiving folks. ARK is traded from 160 down to 50. You just caught a bounce to 60. We're not even on the highs of last week, okay? Because the demise has been so fast and furious. A week ago is basically where you're at. You buy ARK last Thursday, you write it down to 51. You write it back up to 60 with the volatility in this market. Pretty remarkable to say the least. Let's jump over to Tesla shares. 831.55, 755 was low on Tesla. We'll take a look at Tesla on a weekly basis. Almost gives it all back to August 16th to run. You bounce at the 786, the plunge low on the week of February 21st, you make it down to 700 on the dot for Tesla shares. That gave back all of the gains that you had in 2021 back to December of 2020 prices. We're bumping up in Tesla against this area that we had a high portion of February. Early, basically January through February of 2020, an area of about 850 Tesla trading at 831 so far this morning. All right, let's jump around to some of the headlines I got this morning and here we go. Bond traders stunned by a hawkish Fed are sounding the growth alarm. The tenure yield falls below the five year rate for the first time since 2020 as debt traders braced for fresh losses as the US hikes rates. The gap between the five and the 10 year yields inverted for the first time since March of 2020 while the difference between the two and 10 year yields continued to narrow. A lot of talk today saying, as long as you don't see maybe an inversion between the two and the 10, they may be okay. We have an inversion between the five and the 10. So not out of the realm. And yeah, there's a lot of themes to the articles about the Fed out there and that's the basic theme in terms of the growth alarm. The market is pricing in a higher recession risk and you can see that with the inversion between the five and the 10, you can see that with the inversion of the five and the 10, that's one fixed income RBC global asset management. That's the head of US fixed income at global RBC global asset management. They are sending a strong commitment to fighting inflation. And I was listening to some of the press conference out there, I mean, Chairman Powell talking about price stability. They will get price stability back under control and will not let it lead to a recession in the US, strong words, but that was all backed up by the fact that the economy can handle the rate hikes coming. And we're gonna find out whether it can because they're coming until it can either handle it or it can't. And we'll find out that the S&P is negative by 19 to kick things off quite the acceleration yesterday, we'll be right back talking to our man, Kevin Hinks from TD Ameritrade, Fast Market Folks. We'll be right back. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 seven newsletter at tfnn.com. 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TFNN airs live financial content streamed live on tfnn.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Welcome back folks. We got the S&Ps right now, negative by 19 points. NASDAQ 100 futures, negative by 83. You got the Dow off 143. Let's jump over to our man, Kevin Hinks. Every trading day folks on the TD Ameritrade Network, fast market with your host Kevin Hinks, Tom White. They break down the day's market action, walk you through hypothetical trade setups, talk in options folks, talk in defined risk. Kevin Hinks, would you think about that acceleration yesterday, good morning. Good morning, Tommy O'Brien. Yesterday was a pretty big event for this overall market as Drupal introduced his first rate hike since I believe 2018 was the last time and Tommy, it just showed yesterday's lesson was uncertainty turning less uncertain or more certain rates, raised the overnight fed funds rate. He spoke about interest rates going forward, yet the market was able to rally because of two things I think, less uncertainty overall, which the market's always liked more than uncertainty and his ability to paint the US economy in its strong light and make the case that he's able to raise the fed funds rate because of the strength of the US economy, Tommy. And I thought that was Jerome Powell's, great moment for him yesterday that he could give us that news, not all of it good in terms of interest rates, yet stocks rallied off that news, Tommy. Yes, some of the words he had, man, could not be stronger in my opinion in terms of saying, listen, we're coming with it, man, price stability, we gotta get it in control and I'm surmising, of course, but the general gist, as you're saying, Kevin, pretty hawkish, saying the economy can handle it, every meeting is live, the dot plot is what it is and it's out there now and yeah, we have to get price stability back under control right now, while keeping of course full employment on the horizon. S&Ps, Kevin, sitting 200 points almost to the point from the lows of Tuesday when the Fed began their meeting, now that was a pre-market low, but pretty remarkable in terms of market trades into that meeting, lower, the last two days were up 200 points coming into a liftoff that is just gonna continue for the foreseeable future. We got 10 year yields, Kevin, and about 2.15% right now, some geopolitical talk, of course, in this market, persisting, what are you guys gonna be looking at coming up on the program at 12 today, Kevin? Well, today we're gonna go back to focusing on stocks with earnings, we have two good ones today, FedEx and GameStop, GameStop had some interesting news yesterday, suddenly getting into the gold business and in metals, we'll discuss all of that, and then in the A block today, the first segment we'll look at Google Alphabet, so Google Alphabet, FedEx with earnings and GameStop for earnings, Tommy. Yeah, high-croft mining, right? 27 million, that was AMC, did GameStop come out as well, Kevin? Oh, you know what, I apologize, you're right, that was not a bad thing. No, I got lost in the meme stocks myself, I did, but that one, listen, fast market's gonna have to take a look at the AMC one, Kevin, because I already saw some tweets, not even know about the unusual option activity prior to that announcement, and I'll let people go do some searching for that one, but yeah, GameStop, the original meme Reddit stock of all, and I'm sorry, what'd you say was your A block, Kevin? Oh, Google Alphabet. Google Alphabet, of course. Quite the acceleration for Google, quite the fang stock indeed. Well, Kevin, we appreciate the time you take every day to talk to us, man, we appreciate fast market, and it's quite a fast market indeed lately, man, we'll be watching at 12 noon today, and you have a great weekend as well, man. Thanks for having me on, Tommy, have a great day. Always a pleasure. Folks, tune in to the program, they do an outstanding job, walk you through hypothetical trade setups and options. At a time when we got some nice companies with earnings out there, we got FedEx coming out with their numbers, quite the pop from FedEx. A week ago at 199, you're trading at 226. You take a look at FedEx, I'm gonna pull a couple of these Fibonacci's I have off there. The full COVID run almost, okay, from where we were at 103 in May of 2020 up to 319, we're sitting right at that 50% of the pullback at 210 to 225 for FedEx. You take a look at Google shares, Google, quite the uptrend indeed. You take a look at the pullback we have in Google right now. I mean, a lot of stocks, folks, pulling back pretty dramatic. Google, not quite to that 382, but sitting right at the 236 right now. And as Kevin said, we get GameStop with their earnings after the bell, I believe today, let's jump over. Yes, it is, after the bell today, and there's some volatility premium for you. I love the Thinkorswim platform, folks, the way they very clearly tell you how much volatility is priced into, whether it's an earnings event, whether it's priced into the weekly options. For this earnings event, $13 priced into that equity, only an $86 equity, but as you'd expect, GameStop, yeah, you're gonna get some volatility premium. You look for the entire week, so 13 bucks to get you basically through today, so tomorrow's volatility premium, about a buck 50, because the whole week you're talking $14.57 right now implied volatility, that's as of the close last night. Great information on the Thinkorswim platform, folks, Thinkorswim TD Ameritrade, they are a sponsor. I know I'm biased, I would use the Thinkorswim platform anyway, especially for options and the amount of data and the ease that they provide their users over there. Yeah, and AMC, I'll see if I can find some of the statistics because I saw some action last night, and let me see if I can find the number. Let me see, I'll try and pull it up at the break because let's just say that there was a dramatic surge of options activity prior to the AMC announcement that they are getting into gold mining to the tune of a $27 million, I think, purchase, giving them 22% of high-croft mining, which is almost set to be delisted, and you have a huge surge. My guess is they're not getting into the mining business. There's something else going on there in terms of the meme stocks. Maybe they're gonna start printing literal gold coins that they'll take NFT pictures of. I don't know, something like that, I think, versus just saying, hey, guess what? We're gonna use some of our meme stock capital to invest in a gold mining company, and we think we bring the expertise that the market can't bring. Folks, if high-croft mining had such an available opportunity for a company to come in, provide funding, and take a stake, you'd probably see a well-run mining company come into that picture, not AMC, and then you add the options activity on top of it. I'll see if I can find it at the break. But yeah, it just doesn't stop, man, in those meme stocks. I can't wait to see how they spin that one. Very odd to put it lightly, Jeff, exactly. Markets, holdin' right kinda where we were. You're negative 18 points, folks, but I imagine it's gonna be an eventful day right now when you look at the action yesterday. You got, folks, a hundred points down and 130 points up in the S&Ps, almost, on ballparking. Okay, NASDAQ 100, even more dramatic. The pops you had right now, you get the market basically sitting where you were at 6 a.m., and we'll see where we go from there in terms of the open coming up in four minutes. We jump over to FedEx shares, as I said, catching quite a bit. Now, FedEx, they're out with their numbers. Excuse me, yes, after the bell today as well. So similar move priced in, right? As GameStop, $13 in change, but GameStop, an $86 equity. FedEx, a $225 equity, both of them, about a $13 in change move priced in. I believe GameStop was close to about 13 bucks. FedEx pricing in, about a $13 and 87 cent move. It's moved $18 from Monday's low alone. Quite the pop for FedEx, but it's been quite a pullback for this equity, as I said. It almost plays back right to the $200 price point. The 618 would have been $186, but that $200? I get that as a high, back from April of 19. Stay tuned folks, we'll be right back to you open. Are you having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex creditor in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. 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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. Welcome back, folks. We've got markets open. We've got the S&Ps right now, negative by 17 points. We've got the Nasdaq 100, negative by 73. We opened basically where we came into the market pre-market, and we got a caller on the line. We got my dad. Good morning. What's happening, Dad? Tell me, O'Brien, what's going on? Happy St. Patrick's Day. Happy St. Patrick's Day. I was gonna get there, man. How's vacation going this week? It's, well, I'm back. I'm in the office right now, man. It's a beautiful thing. Oh, perfect. I didn't realize. Perfect, man. Yeah, you know what I wanna talk about? This high-croft deal, right? Oh, boy, yeah. Well, you had mentioned, there's no doubt. The option, when you look at that shot, right, I was looking at that shot, and I'm not really familiar with high-croft, but what happened, three days before that was announced, high-croft went up like 200%, because I think it was like 24 cents, and it was 84, something like this, do you know what I'm saying? Yep, I got the Bloomberg article up here to talk about the shares rise 361% in about a week, and volume way above average. This probably won't end well. It was the quote from somebody for high-croft and AMC, and yeah, it was basically a penny stock, it looks like from November, until a few days before that, and then you just had huge, huge shares coming in, even if it was stock, yeah, go ahead, yeah. And I think what you have, okay, is that this guy from AMC, I mean, he made a fortune for AMC doing secondary and third offerings at $45 and $50, okay? So this is, he strictly, my take is that they're strictly doing this to run the stock, that he knows this meme stock goes, and they're gonna take a shot at it and say, okay, man, let's see if we can run this thing, do you know what I'm saying? So it's gonna be interesting looking at it number one, because my take on it is once these reddit traders catch on to the gold stocks anyway, that is a lot easier to run because all of them are such low-priced stocks, do you know what I'm saying? Sure, I remember you talking about that early on. We'll see where it goes, but that's what it seems like it's shaking out. For AMC in particular, okay? Because again, the amount of money that AMC took in, I just, it was almost, it's almost like 300 million, you know? I mean, it's somehow rages the amount that people bought into and the company has the money, that's the bottom line. So, you know, they get a different business plan now, it's like, okay, just find the cheap stock and run it. And of course you can't do that legally, but the bottom line is that all they have to do is buy it and have a couple people on, not a couple people, but a lot of people on Reddit start to run it, do you know what I mean? So it's gonna be wild man. Yeah, and I was just Googling as you were saying that because I remember them so big, and one article from June of last year was talking about that they raised 587 million in that raising alone, which was 11 and a half million shares at $50.85 for AMC. AMC folks right now, $15. So they push out 11.5 million shares at 50 bucks. And that was in addition to the 658 million they had already raised bringing the total $1.24 billion. Okay, there you go. That's a better business plan than selling movie tickets in popcorn man. It's crazy, but it's there, right? You can see it's there, you know? So it's gonna be interesting to see how they explain away a full week ahead of time prior to that deal that the stock started going crazy. The AMC CEO was scheduled to be on Jim Cramer, I believe that night and had to cancel and blame his lawyers because there was too much action going on. I imagine they started realizing that they were probably gonna get some questions they couldn't answer there. So we'll see if that hurts the plan though, man, because anytime it's that glaring, it usually comes down as you know, but it's pretty glaring man from anybody. And when we're talking about this, if we go back to, you know, when Microsoft's taking over Activision. Yes. What you have there, we're gonna hear more about that because Barry Dilla and his son-in-law, they bought a line, they bought off-market, you know, options from one of the big banks and it's hundreds of millions of dollars that they made on that deal. So that is gonna basically come down also. Meaning, you know, they made a fortune, man. And it's like, okay. And what had happened is that Diller was on at one point was on Activision's board and the son-in-law was on another board. So, but the bottom line is that if you follow that trail, it's like, okay, man, this is, and I suspect that one's really gonna get opened up because that's eye-popping, what they did, you know what I mean? So, man, I'm telling you, it blows my mind, Tom, is that the amount of money that people actually have, and then they do it again and they risk going to jail. It's like unbelievable. I agree. Greed is crazy, man. Hopefully people learn from watching these people. And that's, yeah, same thing. I was just Googling, because I remember that one came up. This is like a March article on CNBC. David Geffen and Diller, Geffen and Diller Stepson together made large bets in January, just days before the video game maker agreed. And you're talking about $60 million of unrealized profits in an option straight. There you go. Unreal, right? Yeah. Yeah. And like you said, it's just crazy and how, but people just think they're not gonna get caught, man, which is a bummer when the crisis thing, right? It's like you say, And so, market-wise, you know, what we had yesterday, it's kind of intriguing, man. Market-wise, you know, like the way I look at markets, you know, we had come down to that low, you tested that low and you did have light volume, not yesterday, the day before, the day before. Yes. And you took off with volume yesterday. So this is gonna be intriguing to see how this thing shakes out, because we had real volume out there yesterday. There's no doubt about that. You know what I mean? It's pretty intriguing that the- In the market. Yes. What do you think about the Fed in general, like more fundamental how Chairman Powell, not sure I'm sure you've read, if you weren't even listening, in terms of pretty hawkish, you know, every meeting's live, they got seven hikes come in, the economy can handle it. And I guess the economy can handle it part, as Kevin Hanks was talking about when I was chatting with him, but pretty strong words. I found myself saying, man, I wonder what the market's gonna react to this phrase, he just said, as I was listening to the press conference, and he said, listen, we gotta get price stability back under control. That's a deal. And I'm surmising. Yeah, no, I- And then the market takes off 120 S&P points. Well, my take is the Fed is gonna keep going up like a quarter percent, but that's not gonna handle it. They're gonna have to go up like a half a percent in another seven or eight months to slam this down. And, you know, Powell doesn't think we'll get hit a recession. I think we will. Because I don't think you can do all of this, and there's just too many things happening at the same time. And the prices are gonna be so high. Like, we're gonna be, we'll stabilize it at much higher prices. So then it's like, okay, so where are those profits if it's much higher prices for the input versus the output? So we'll see. I mean, you know, the best case scenario would really power laid out that we can keep going up an interest rate that it won't be a recession, you know? I mean, a recession is not the end of the world. You know, I'm sure people worry about their 2007, 2008. I don't see, it's not even close. But, you know, a recession just means that you're not growing, or you go a negative half a percent, quarter a percent or something, and that's pretty easy to do, really. You know what I mean, so. Yeah, I mean, prices are definitely, you know, prices are definitely up 8%. They're not going down because they're up 8% over a year. It'll be really interesting to see what happens when we get into the at least second half of this year as he was talking about. I think they, you know, they see it waning a bit like the second half of this year and then really dropping off next year mostly because I think you're going to be dealing with some crazy comps once you get into part of that, you know, to be compounding on an 8% prior year growth, right? That's going to be like 17% over two years. All right, man, great to hear from you. We'll be interested in the program at three o'clock today, man, I love you. Happy St. Patrick's Day. Love you, man, bye bye. Okay, bye. Are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate, LLC is a firm that has extensive experience in the Tampa Bay Area. 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So again, I was just Googling some of the offerings that took place. So this is from June 3rd, 2021. Back to the chart for a moment. And again, they got $50, folks, okay? They got, let's get the exact price, $50.85 for the average price of selling 11.55 million shares. 50 bucks. Man, yes, it was over that period for four weeks, but look at this chart, okay? That is great execution in terms of picking a high, man. This wasn't like GameStop, okay? When you go back, the traded to 483, okay? AMC, they got the high of 50 bucks and they didn't get it just once as you look at this article. This is talking about that they sold 11.55 million shares at 50.85, but that is in addition, as I said, to the 658 that they already raised that quarter. So 1.246 billion dollars. Now just looking at the one that we have the price for, 50.85, okay? You take 11.55 million shares and you just take the $35 difference in terms of the offering they got, okay? Now they sold those shares to somebody, folks, okay? They offered those shares, they sold them into the public, they sold the 11.55 million shares at $50.85. The stock is trading about $35 lower. That's $404 million approximately. We'll call it 400 million bucks that they just took from investors, folks, okay? Be careful in this equity. Now it's awesome that my dad called in, all right? Because here is what he's talking about here. Highcroft mining plans stock offering to capitalize on AMC's investment. The stock price is up nearly 500% since March 4th amid retail buying. AMC announced it's gonna purchase a 22% stake already. They were like, guess what? As soon as Tuesday, now this article was out on Tuesday. So I don't know if they're trying to do it already and maybe all of the talk of insider trading crimped their plans, but that seems like the exact plan he was talking about, right? They invest, they push out an offering after the shares spike, they pull back and they have a bunch of capital that was pretty much unwarranted taken out of investor capital. Remarkable, man. And yeah, I'm seeing even more articles as I'm talking about there. Look at this. So they were really clamoring to take some money out when times were tough. I didn't realize some of the prices they got. Yeah, no wonder they seized $50 in a heartbeat because they sold 43 million shares at an average price of nine bucks in May. Just getting a bounce from a buck 91 to where they were around 10 bucks in May, they pushed out 43 million shares at 10 bucks a share, let's call it. That constituted 428 million of new equity capital in May. And then you had them, of course, follow suit when we were up to about 50 bucks, raising almost another half billion dollars and just like that, you're back to 15 bucks and 31 cents. And I don't know if that's the end of that one, especially if it comes out insider trading allegations and so forth. It's gonna be interesting to see how that one follows up as well. All right, let's see what else I had pulled up here to chat about. Yeah, we got China in there. How about the LME again? It's almost becoming just a joke. I thought this was referencing, I had to make sure what time, what day of mayhem at the LME this was talking about. Nickel traders awake to fresh mayhem as LME glitches again. It's like, is that the article from yesterday? No, this is the article from today because it happened again on Thursday. Orders to sell at 8% limit down, rejected before the open, reopened the Nickel market Wednesday after a week long halt, but that had problems and glitches. The start of the second day of trading after a week long suspension was delayed after a series of problems hit the LME's electronic system. First brokers found out that orders to sell at the lower limit of 8% below Wednesday's closing place were being rejected after the LME expanded the trading band the previous day. Then three trades did appear to go through at that price, but four minutes before the market had been due to open, what is going on? Finally, the LME informed brokers that trading wouldn't restart until 8.45 and canceled the three earlier trades when the market finally opened. They dropped daily limit of 8% to 41,945, but only two trades had taken place by 10 AM. When you can't count on an exchange, folks, don't trade it. It's that simple because you're playing in an environment that you don't know the rules of what exists. I mean, you had the LME cancelling trades earlier the week, shutting down for a week. Those aren't risks that I like to open myself up to. Talk about undefined risks when you can't trade for a week. And look at this market, folks. S&P's catching a bid. We catch a pop up to 43, 44. Highs yesterday, 43.67. So still well off those highs. All the markets catching a bid. You got the NASDAQ 100, negative just by 48 points. That's about a third of a percent right now. Let's jump around some of those fang stocks, see how we're opening. Amazon opens in the green by about one-tenth percent right now. We jump over to Microsoft shares. Down about six-tenth percent with the market right now. You jump over to Google. They're gonna be talking about Google Alphabet coming up on fast market with our man, Kevin Hinks at 12 noon Eastern time. Barely in the red by about two-tenths. I talked about ARK a little bit. ARK up about two-tenths percent as well. You're gonna live and die by the tech stocks in ARK, man. Zoom down 1.3%, another one I was looking at. Yeah, Traffkings. Huge acceleration yesterday. You give back some of it today. In the long run, folks, you take a look at this company. You're getting into a company that's valued at $7.3 billion. And I don't know of any industry that's gonna expand like gambling over the next couple of years, at least in the US. Maybe cannabis is one of them. But that area is just such a max-paying situation that I'm not touching. Canopy or any of those stocks, even though I believe in the health of that market in the long term. But man, they got a long way to go as opposed to the gambling companies where, yes, they got a long way to go to legalization everywhere. They'll be spending some money to ramp up their customer base as each state opens it up. You got a big future in gambling folks in America. We're at the very cost of every major sporting league adopting gambling. It's happening. It's already happening. And then you throw on top of it, okay? That college athletes can now be paid, which is great, I think. But that's gonna completely change the college landscape, folks, like nobody's ever imagined. I'm not sure if you've been following, but the way this works in college football now is that basically boosters can pay athletes any sum of money they want for their name and likeness, okay? And as a result of that, they require them to attend a school. So you'll see, for instance, let's say good old Boston College, all right? And I got a bunch of great friends that went to Boston College being from Boston. And they're all joking that their football team might have to join a different conference than the ACC because they are not gonna be competing with the amount of money that some of the competitors in that conference are already potentially paying some of the recruits. There was a story out there, and I'll try and find it if I can for the last segment, that one of a 2023 recruit already got like an $8 million contract if he plays through his sophomore or junior year if he attends a school in question. It's gonna become a big business, folks, and it's gonna lead right into gambling on NFL games when money becomes everywhere in that sport. We'll take a look at some of the other equities that have been punished in a big way. We'll take a look at Roku and we'll come back as well. Stay tuned, folks. 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, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. 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Your investment can be anywhere from 100,000 to 500,000. Do you wanna make 1,000 per year on $100,000 invested or 7,000 per year on a secured, target first mortgage? The target first mortgage program may be just the program for you. The target first mortgage program pays 7% per year, paid monthly. For more information, you can call 877-518-9190. That's 877-518-9190. 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. ["TFNN.com"] Welcome back, folks. We have the S&Ps right now, negative by eight points, NASDAQ 100, negative by 41. You get the Russell rising to positive territory by two points right now. So jumping back to that story real quick, and this is the one, and the whole landscape, folks, as I said, it has changed forever. So the story comes out. I believe this was, okay, so within the last week, 2023, folks, five-star recruit signs a name, image, and likeness collective that could net more than $8 million. So this person, now, the athlete and the school not named. Okay, the athletic, which reported this, got a look at the contract, I guess, but made the deal that they would not reveal the school or the athlete. The amount is contingent on the athlete making public appearances and taking part in social media promotions and other, you're gonna see this a lot. N-I-L, folks, that is name, image, and likeness, okay? That's what the athletes get to sell and get paid for. Activities on behalf of the collective or third party. So you have boosters forming collectives and third parties, okay? They're going to pay these athletes for their appearances and promotion as athletes contingent on attending the school. Now, this athlete's gonna get 350 grand immediately and a monthly payment that will increase to more than $2 million per year once he steps foot on campus. But that number, that dollar amount begins immediately. The contract stipulates the athlete could be paid $1.5 million over two years and that the collective could seek repayment of the money. They're gonna receive a 10% commission and expenses if the deal is terminated. It's a wild, wild west out there, folks, in college football and the NFL, the fact that money is gonna be so prevalent in college, it's gonna become a very, very big deal in the NFL the way money and gambling starts to fly as well. All right, jumping over to Moderna. Saw an article out there of Bob Moderna. CEO has sold something like 400 plus million shares since the pandemic began. The only thing I wanna point out here, we got 20 seconds as we wrap up, folks. Merck had a position in Moderna. I'll never forget it. They sold that position in the first half of the fourth quarter of 2020, folks, okay? If you think that Merck wasn't equipped to make a valuation on their shares of ownership, they sold when it was at about 100 bucks, all right? Runs up to 500, just like that. We're back to 166. Stay tuned, folks. Basil's up next. We got live programming all day. My dad is back live at three o'clock as well. Have a great Thursday, everybody.