 The following is a presentation of TFNN. The morning market's kickoff with your host, Tommy O'Brien. Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN Thursday morning, just after 9.06 a.m. Eastern time. We got quite a day, folks. We got the ECB hiking their rates for the first time in more than 10 years, and they hike it by 50 basis points. A little bit of a surprise, especially when we started the week off. I kicked off my program on Monday. I was talking about the market was pricing in a 20% chance that they went to 50 basis points. By Tuesday, the market had a 50-50 shot that they were going to get there. Inflation is raging in Europe, just like it is in the U.S., and they go to 50 basis points. We'll jump to that in a moment. Our market's right now, S&P, flat, literally to the tick, as I speak. 39.62 in the S&Ps. Quite the acceleration. The last couple of days, you look at this on a daily chart. That's Tuesday. You accelerate higher yesterday. You hold onto those gains today. We're inching even above that level. You look where we are compared to where we were at the end of June, just above those price levels now in the S&Ps. NASDAQ 100. Interesting when you take a look at where we are to the beginning of June to the end of June, well above those levels. You're coming into a next stop. You're talking about basically 13,000 in the NASDAQ 100. You're up by a 30% this morning at 45. We get all the big tech stocks next week. That's going to be a big one, folks. I believe we get Amazon, Apple, Google, and Microsoft on Tuesday and Thursday. We'll jump over to them in a moment. But we got Tesla last night. Tesla shares up about $25. Decent action for Tesla. They sold a lot of their bitcoins. I was joking around with friends last night. All anybody could talk about when Tesla was buying hundreds of millions of dollars of bitcoin was the fact that they were doing that. And yes, people are talking about it a lot that they sold, as much I feel like in even just a social setting, even just among friends, among group chats, among internet chats, not as big of a phenomenon that Elon gets out of many of those bitcoins at a pretty decent price. 75% of the bitcoin they unload at a price of about $30,000 or something like that. So they avoid the worst of it in bitcoin, even with bitcoin catching a little bit of a bid up to $22,700. We're getting into Tesla numbers, but nonetheless, strong numbers. They're higher this morning. You're trading up about $25 on the open for Tesla. We jump to commodities. Crude. We trade lower overnight. Crude. Below $95 briefly. We're trading at $96.15. We have some action and currencies, folks. And listen, please, head on over to the front page of TFNN. Try out the Tiger Forex report, folks. Teddy Cakes that. He just kicked off his newsletter for this month. You can save $0.25 by entering code Teddy25. I'll get it out. The ECB just hiked rates, okay? The reason why gold is moving this morning is because of currency action, because of interest rate action. That's it. There's many parts of this market, okay? And we're going to see how we open right now. Many parts of this market that have to do with foreign exchange right now because the moves are just so dramatic. We're going to pull up the moves in the currencies in a moment, but gold catching a lift as what's going to happen now, folks. You're going to have the ECB beginning to hike rates. I mean, you got to keep it in context, though. All they did was they just hiked it to 0%. So, you know, quite a beat for the ECB to bring their interest rate to 0% as inflation is raging over there as well, but nonetheless, that's what they do. Okay, but they're going to begin to have higher interest rates. In the market, you're going to be attracted to higher yield, okay? So now what's going to happen? The ECB, they're providing a yield that is now higher than it was. In theory, more money should begin flowing to that more attractive yield in the ECB. The U.S. is still way ahead of them, though, right? This is the whole saga playing out. Nonetheless, if the ECB interest rate becomes more attractive, people will need euros to access that interest rate in euros. Euros will become in demand by euros being a demand that will strengthen the euro that may weaken the dollar. You're going to see it all play out. Please try the Tiger Forex report, folks. Even if you just use it for a month, I guarantee you'll get some value out of it. Maybe you don't think it's something that you can trade off of. You cancel, you get any money back guarantee, but try it out. You lock in 25%, no matter what, if you decide to continue and you still get that money back if you want a money back guarantee within the first month. It's a great deal and you're seeing the type of actions we get today when currencies move. Notes and bonds. We got some action as well as you'd expect. The 10-year, there's your volatility on the news this morning. Now, we're talking about a 10-year yield right now. Where are we sitting? 3.03%. 3.03% the yield on the 10-year. You back things up just for this week. Quite a pullback we've had since early on Wednesday, man. I think when I was doing my show, we were at 2.96 to start it off maybe. Maybe 2.97, maybe something like that. Rates climbing well above 3%, still above that level. But declining a bit as we have a little bit of higher price. Up three ticks right now in the 10-year. There's flat. We jump over to the VIX this morning. Volatility index trading 23.78%. Had a great discussion going on fast market yesterday at 12 about the VIX and just talking about the declining numbers. Maybe this is really starting to show because we are now below where you were in June. Boy, you see the VIX get down to this 20-level, folks. I'd be very careful in this market because right now with everything in flux, where inflation, where it is. I imagine it's only a matter of time until we get another spike and another sell-off as the S&Ps approach 4,000. Yet again, we were just at 3,600 and change, folks. We're trading at 39.63 and we come into it next week with all the earnings. As I said, we'll jump over to that soon. But let's kick it off with a little currency action. Euro-US dollar, we make it to parity. We've bounced since then, zooming in on the action this morning. Interesting to put it lightly, man. There's an acceleration on a surprise hike by 50 basis points and you're telling me even with a surprise hike, the euro doesn't even get a pop. Europe's got some problems, man, in a big way. Let's see how even the US dollar yen is trading. A little bit of volatility as well. Pulling back a bit, 138.80 to 138.40 about, but this thing, no pausing whatsoever, man. You look at this chart, right? Just sitting right at the top of that price level, remarkable. All right, let's jump to Tesla shares. So Tesla, you spiked to 778, but it's been a pretty slow ascent overnight, almost reaching the highs that we had at about 6 in the morning. Tesla shares trading at 772. Yesterday was Netflix out with their numbers. Yeah, they give almost it all back at the open and then they climb higher, but yesterday was quite a day for some of these tech stocks. She had Disney, Roku, growth stocks trading higher in a big way. ARK investments, they were trading higher as well. So Netflix benefiting from the overall consensus of that. I mean, check out ARK, right? Look at that move from 46 to 49 intraday yesterday for ARK for some of their stocks. Zoom was up, I saw a lot. Look at the action in Zoom. 102 to 109 ends the session above 107 for Zoom. What else is she in? Roku, she has a big position in. They had quite an acceleration on the Disney number, held onto a lot of those gains yesterday for Roku shares as well. And let's jump around to some of the thanks doc. So Amazon, they're buying a health company as well. We'll jump into that in a moment. They're buying one medical for roughly 3.9 billion with a B billion dollars. Amazon, they're going to be up by about a dollar on the pre-market. This thing said quite an acceleration. Now, as I mentioned, earnings wise. Okay, so Amazon's next Thursday, Microsoft also next Thursday. No, Microsoft is Tuesday. Oh, Apple. So Apple and Amazon are next Thursday. And it's going to be Microsoft and Google on Tuesday. Yeah, Microsoft and Google Tuesday. Easy to remember, the two A's. Apple and Amazon, the same day, Thursday. Microsoft and Google, the other two giants, Tuesday. We still have some companies out today. Stay tuned, folks. We'll be coming back, talking to our man, Kevin Hanks from TD Ameritrade Network. Fast on. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing an accretive transaction. Vista Gold trades on the NYSC American and TSX under the ticker symbol VGC. Vista Gold, executing a strategy to create shareholder value. 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 24-7 newsletter at tfnn.com. 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There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of tfnn.com Welcome back folks. We have S&P Futures. You're negative by two points right now. The Nasdaq 100, the only index in the green currently, up 43 points. The Dow is negative 90. You hit the Russell off by six. Let's jump over to our man, Kevin Hinks. Every trading day folks, 12 noon Eastern time right here on Tiger TV. The TD Ameritrade Network with your name. Kevin Hinks, Tom White. They break down the day's market action. Walk you through hypothetical trade setup so everything they do has defined risk in this market. And that says a lot when we get the volatility we have. Kevin Hinks, good morning. Good morning, Tommy O'Brien. Yeah, interesting morning setting up here with the ECB making a more hawkish move than we thought. How does that affect investors? Well, that makes the euro rally. The dollar sell off as the more hawkish groups, the more hawkish entity that currency rallies. Now, the dollar's made a pretty good comeback here from its early sell off. It sold off pretty sharply when that happened and now it's making a pretty nice comeback. So the dollar really close to unchanged here. We're going to see how that plays out during the day. Economic data was horrible. The trend in jobless claims is not happening now from the low 200 near 220 up over 240. Tommy, that eventually, that high frequency data has to show up in non-farm payrolls and unemployment eventually if it keeps on this trajectory. So that's a bit concerning in terms of look, but it's still right now, Tommy, all about earnings season. Netflix yesterday, Tesla after the bell and today after the bell and now, Tommy. And, of course, we all await the main event of some of the tech earnings next week. I was just going over, you have Microsoft and Google on Tuesday, Apple and Amazon on next Thursday, along with many others, of course. You touched on what I was going to ask you about though, man. ECB so they go 50 basis points. I think in the beginning of the week, Kevin, I was talking about one article. So we're going back to Monday that had the odds of about 20% they go to 50 basis points by Tuesday. They jacked it up to 50% already. And by Thursday morning, we get there that they go 50. I have the euro-US dollar pair up on the Thinkorswim platform right now and you get quite a spike on that news from about 102 to 108 and then you give it all back and what would you say, Kevin, if they said we're going to go 50 basis points, right? And the euro is not going to even move when we hear that we're going to go 50 basis points because my take, man, is that that means that they're in maybe even more trouble than we realize before we got that 50 basis points because if even that type of a hike, they're only hiking to basically zero and they're going to be dealing with a lot of economic problems that are going to prevent them from hiking too much potentially with the economy and the energy crisis they're dealing with. Pretty interesting action. Like you said, the day is young but that surprises me, man. I think it's pretty revealing when you don't even see the euro dollar, like you mentioned, dollar bouncing back even with a 50 basis point hike from the ECB. Yeah, I want to, it brings up the words of that old philosopher Bruce Willis from Die Hard. Welcome to the party, pal, right? I mean, finally the ECB is getting involved and starting to tackle inflation and they mention a large first step was one of the phrases that they used and so they're behind the curve. If the US is behind the curve, what is the ECB? They're extremely behind the curve. So, yeah, they raised for the first time in 11 years and they hinted that they could see further normalization of their rate. So, yeah, Tommy the relationship between the dollar and euro, dollar spiked downward, euro spiked up, now it's reversed. So we'll see how it plays out during the day though, as you know, there's volatility right when that announcement comes out. First moves are always interesting but now let's see how they grind throughout the day. Let's see how these currencies finish the day, Tommy. Man, it's pretty awesome in terms of what we have for coming down the line. Now you add the ECB into it and I just had a chart up here from a Bloomberg article, Kevin, just looking at the euro area inflation. This chart just goes back to the year 2000 but all of them undeniable the spikes we're dealing with, this one gets above 8% euro area inflation. So all the ECBs done is they've gone to 0% for their lending and we have an inflation rate just in the euro area of 8 plus percentage points. So we got a lot to play out, man over the next X amount of months or whatever it be. You talked about one of the companies that's coming up, Kevin. What are you guys talking about at 12 o'clock coming up today? We're going to look at American Express in the first segment. They come out with earnings before the open tomorrow morning. That should be a good look at the US consumer. So, uh, like folio is going to cover snap. That'll be a good one. The first look at social media and how ad spending is coming and then we're in some discussion that could be either Boston beer or we might do Twitter but talking about earnings in Twitter during a takeover might not be the best way to do so. We're discussing the third segment Tommy. We may just go beer on a Thursday. Why not, man? Sam Adams, good old Boston. I don't need to talk out of talking about beer, Tommy. Let's make it happen, man. And from an investor perspective I want to see the conversation because it's pretty remarkable how hard Celts are. What is it? They have the truly brand, I believe, right? Is that Sam Adams? They got one of those brands, man. It took off like hot fire and then the whole industry just kind of, guess what? I guess the hard Celts are not taking over the world as I said to my friends surprisingly enough and you pull back from 1349 to 334. Everybody seems like love Sam Adams beer, man. They just got ahead of themselves and that hard Celts are at some point up to 1349. Well, Kevin, we appreciate the time, man. As always, we appreciate the education. We'll be watching at 12 o'clock today. You have a great one and have a great weekend, man. We don't talk to you on Fridays or Mondays and these days, Kevin, the next time we talk to you, we're going to be getting Microsoft and Google earnings on Tuesday as things fly. We'll have a lot to talk about the next time I talk to you and I'm looking forward to it. Kevin, have a great one, man. All right, folks, check out the program. You've heard it. They're talking about three-gate stocks. There is no better time to check out fast market than when we are in it in earnings season. Next week it's just going to be awesome even as an investor perspective. You got the S&P right now sitting at 3955. You take a look. Let's jump back to the S&P. We're bouncing off the 382. You're well above. This is a weekly well above where we've been any time since the beginning of June. So you're now at a price level you've been consolidating in for two and a half months in the S&P and with everything going on, I'd say you should feel pretty comfortable with the S&P sitting at 4000 folks with the potential for risk outliers that are going on right now. You have inflation at 9%. You have 1.9 jobs available for every job, for every unemployed person looking for work. These things need to sort themselves out. You still have crude sitting at $95. It was just at 100 yesterday. That's going to weigh on the market for some considerable period of time. Housing prices. Shelter makes up one third of the CPI. Shelter. Rents are not going to become crashing down anytime soon folks. Because the comparative number of buying a house right now is extreme to put it lightly. Especially in hot markets. In Florida, just the mindset of having to get over that if you bought something 12 months ago, you would have been paying 300 grand at 3.5%. And because you waited 12 months, you're going to have to pay 400 grand at 5.5%. If you're smart enough to do the actual conversion or what that is on a payment, I think it would blow your mind and I think you might say, you know what, I might just let the market pull back a bit and rent for a year. Well, guess what? A lot of people are saying that. There's a housing shortage anyway. Rental prices are going to stay elevated. That's going to weigh on the CPI number. The CPI number is going to weigh on the Fed. It's all going to weigh on the economy. And the market's sitting at 4,000. We have a VIX that is at one of the lowest levels we've seen in some time right now going back to about April in the VIX. Stay tuned folks. Come back for the open. This is the Monttard Gold Project in the Northern Territory of Australia. This is Australia's largest unveloped gold project. We are talking a world-class gold project in a tier one mining district. 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At TFNN you'll get advice and guidance from the authority in 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. From the moment the market opens until the closing bell sounds, Tiger TV has 8 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 For more information, just click the Think or Swim banner on the front page of TFNN.com Welcome back folks. We got the gold contract right now, negative by $3. You see the pop the gold got, about $25 almost to the upside on that ECB hike. You had Euro strength, right? A little bit of a dollar weakness on an ECB hike that all kind of recoils and recoiling a bit, but I showed you the Euro US dollar, we'll jump back to that. The Euro gave it all back so gold is still up $15 or so from where it was prior to that we have some dollar action as well but man this market is just going to be super fluid for the foreseeable future folks. Please check out the Tiger Forex report. I talk about it all the time but Forex is just moving so much right now not often folks does every trading show or should they, right, cover the action in the Euro and the market but it's moving everything right now and we're seeing a play out this morning. Alright, let's jump over to Tesla. Tesla with their numbers last night, they trade higher on the open you're up 3.5% for Tesla shares now Bitcoin. Bitcoin did not like the Tesla earnings last night. Let's jump over to Bitcoin. There's your drop off at four o'clock for Bitcoin when the world finds out that Elon, guess what he's selling his Bitcoin but wait a second wait a second. Elon said he wouldn't sell his Bitcoin. There's his tweet from March 14th as a general principle for those looking for advice from this thread it's generally better to own physical things like a home or stocking companies you think make good products I'm not sure what that then doing when inflation is high then I'm not sure then nothing when inflation is high whatever that says but here's the key I still own and won't sell my Bitcoin, Ethereum or Doge I still own and won't sell my Bitcoin maybe he wasn't talking about Tesla's Bitcoin gotta watch it or maybe he just doesn't even care and he's just out there being a self grandiose gentleman as usual pretending like he's not going to sell his Bitcoin meanwhile let's pull up the headline Tesla sold most of its Bitcoin to shore up car makers liquidity you know he's a brilliant man he's changed the world probably for the better in many ways but man he's pretty friggin arrogant folks you know there's a lot of people that are his biggest cheerleaders and that's the thing drives me so crazy about Elon and he'll run them over in the street man if he feels like it on a Thursday okay it's one thing to be out there and be a champion and say you might sell it if you need the liquidity it's another thing to be out there to be a champion to tell people you're not going to sell it right because you believe in it and meanwhile what happens well you sell most of it and you don't even tell anybody of course you don't why would you tell somebody right just like why would you file the correct regulatory filing when you're trying to take over Twitter when you can just not follow the rules and have everybody try and sue you because you're the richest person in the world anyway so Tesla's higher but they sold roughly 75% of their Bitcoin to fiat currency as of the end of June at about a billion dollars of cash that's a billion dollar sale of Bitcoin folks probably from the most important person in the world you don't want Elon selling Bitcoin just from a perspective of him cheerleading it across the internet etc and yeah of course this should not be taken as some verdict on Bitcoin and it shouldn't just like it shouldn't when he's a cheerleader okay it's just that we were concerned about overall liquidity of the company given the COVID shutdowns in China yeah he didn't say that folks when he was talking about being king of the world and never selling his Bitcoin to bring it up again I still own and won't sell he didn't say I don't plan on selling unless we need the cash or the capital right just be careful there and yeah yeah they have diamond hands alright that was May of 2021 the tweet I just showed you was March not sure if they cover that tweet in here but nonetheless so he gets out and gets out at about 30,000 Bitcoin got down to 17,000 he's a brilliant person as I say he's not a fool folks with his money where he's buying he's selling and nonetheless they sell they sell a billion dollars we'll see how that plays out overall but just be careful believing anything that he says on a public platform as it's all pretty self-serving in a big way and you see what it does to Bitcoin not that bad of a day I would say for Bitcoin considering we have the markets already negative you only have Bitcoin trading back to 22,670 meanwhile we find out that Tesla just sold a billion dollars worth of Bitcoin they're worried about showing up their their balance sheet that's not going to change anytime soon alright China is going to be dealing with the zero COVID policy for some time I don't imagine the Tesla is going to be ramping up their Bitcoin purchases anytime soon yet again so we'll see where that one goes okay let's jump around to what else I got pulled up here AT&T they're out with their numbers they cut the cash flow outlook on higher spending overdue bills yeah so they cut the forecast for free cash flow this year by two billion dollars two billion they now expect pretty decent numbers though 14 billion dollars of free cash flow must be nice not bad about a billion dollars of the difference was tied to the timing of customer collections not sure why that plays out to a billion dollars the gloomier outlook overshadowed second quarter results the top estimates for profit and wireless subscriber growth AT&T a little bit lower on those numbers they expect to generate 10 billion dollars in free cash flow in the second half of the year and discounts on phones are still learning customers to sign up adding 813 thousand regular monthly phone subscribers in the second quarter market was looking for 554 big numbers right so they had big numbers earnings 65 cents versus 62 revenue came in at estimates so they come in at revenue they beat on earnings they beat on subscribers but free cash flow it's a problem you jump over to AT&T as this market sells off a little bit ooh baby there's a drop off for you not sure what's going on in this conference call but I don't think it's good AT&T off 10.3% right now you jump over boomer Verizon they're all getting hit man Verizon off 4.3% on those weak AT&T numbers especially coming in maybe they said something on that conference call because look at that drop off at 845 for Verizon what's T-Mobile Sprint is that it yeah T-Mobile down 4.6 they're all getting hit right now with the S&Ps down 18 Nasdaq down about 39 let's see how Tesla's trading as the market opens they catch a bid Tesla up about 4% we check in on yesterday's action Netflix giving back some of it up 1.6% Disney negative 1.2% right now Roku shares off about 6.10% some of those growth stocks zoom positive on today by about 8.10% we see how ARC is trading off down about 7.10% all right jumping around to other headlines we had up here I talked about Amazon so there are going to buy primary health care provider one medical for roughly 3.9 billion now you have the senior vice president of Amazon Health Services saying that Amazon hopes to reinvent the health care experience from how people book appointments to the experience of being seen by a physician lots of opportunity to improve both the quality and experience we give people back valuable time in their days I would agree it's going to be interesting to see how this plays out I have some Amazon shares in retirement account folks and they are innovators on many different platforms in health care we spent so much money on health care folks and it is just horrible in general for the amount of money we spent I guarantee that's what they're looking at and they love the idea of the third party payer system I'm sure right health care companies collect money from insurance companies and the prices are so obscure that nobody can price shop it's something that needs to be remedied Amazon they already own the pill company right it's a pill whatever they bought that sends medication so I would not be surprised as they get into more and more into this area in terms of health care we got a we got a pediatrician for our kids and we're jumping to a new pediatrician coming up next month not happy with some other things going on in general but one of the worst parts gotta wait like two hours every time we go in there with little kids to see them what is up with that? not a good experience stay tuned folks we'll be right back the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter with the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of the future with the technology around us with the technology around us with the technology around us David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for valued tech stocks as well as entry prices, target prices and stops to set for each trade 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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 this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ welcome back folks we have the S&P's right now negative by 5 points you catch a little bit of a lift off the spike low we got at 930 you trade down to 3941 since then we're up about 16 points you put this thing on a minute chart to see that recoil down we go for the first five minutes of trading and we're right back to where we kick things off Nasdaq 100 up by 21 let's see how Tesla is trading as they progress yeah markets like in the numbers man you're up 5.7% for Tesla Bitcoin on the other hand down about a thousand dollars to 22,000 715 we jump around to what else we got going on jobless claims out this morning rising last week to the highest what was it an 8 8 month high yeah initial unemployment claims increased last week to 251,000 continuing claims up 51,000 largest advance since November pretty undeniable that the trend is upwards at this point you know this data is volatile so you take an average of it that would be the best case but no denying that trend that we've been in since March or April it's now approaching August folks and this data comes on a weekly basis initial jobless claims going back to a level we have not seen yet look at that since about November of 2021 51,000 is what continuing claims go up to 1.38 million remember continuing claims one week delayed versus the initial claims number so continuing claims is the data for the week ended July 9th okay so we're getting a little stale data when you look at the continuing claims initial we were only talking about last week on an adjusted basis initial claims increased 248 we'll call it 249,000 unadjusted claims in Massachusetts rose by more than 14,000 California South Carolina and Georgia also posted increases New York claims fell last week after jumping in the prior period when there were more layoffs in transportation and warehousing healthcare and educational services alright jumping back to that Amazon story real quick what I did want to mention is this company so they operate a network of boutique primary care practices and also offer a range of telemedicine services that's like a huge exploding area right people don't even need a primary care physician anymore a lot of people will use one of those just walk-in clinic type places they become their primary care physician so many services that we go through folks should be able to be done through telemedicine right think about it that I understand you're going to get a lot of old school doctors okay and I don't even want to use that term because it's somewhat derogatory to calm old school like they can't keep up but they like to see people in person and there's probably good reason for some of that right but excuse me so many different instances where you may need to see a doctor okay you just tell them you know your symptoms maybe you need a small prescription something like that telemedicine seems like it's an easy way to go and then the fact right bringing kids into it now I got to bring the kids in there they got to get vaccines etc right Tommy I mean the first couple years of your life folks you're getting a lot of vaccines okay vaccines didn't used to be so controversial and it's amazing how you go into the doctor's office and if you talk about any other vaccine it's normal business but somehow you bring up the COVID vaccine it gets political nonetheless little kids get lots of vaccines folks and so you got to be in person but so many different instances it stinks having to go into the doctor for regular visits though because I always think no and we've gotten sick especially when you got young kids and you got to bring them in there all the time telemedicine primary care physician so this company hundred and eighty eight medical offices in twenty five markets they've got seven hundred and sixty seven thousand members and they reported a net loss of ninety one million dollars on revenue of two hundred and fifty four million pretty interesting right and nonetheless four billion dollars is about what they pay for yeah and so one life health care is that of one medical and they open sixty six percent higher as they're selling that off pill pack that's what they had pill pack in two thousand eighteen for seven hundred and fifty million using that acquisition to lots its own online pharmacy years later and the genius part about pill pack if you're not familiar is that many people have to take many different pills and so what they do is they package everything so that it's all set for you to take on whatever days you need to take it okay as opposed to sending you ten different bottles and you have to pull out exactly what bill your pill you're supposed to take on which day they do that for you and for many people that's probably the most lucrative people in the business right you're getting the people that are ordering multiple multiple prescriptions unfortunately for whatever they're dealing with those are the people you want to have under your system for sure nonetheless Amazon getting into health care that'll be interesting to see how it plays out okay jumping around what else we got going on dominoes out with their numbers mis-expectations as the pizza chain sites tough labor market and higher costs it's got to be a tough one man trying to hire workers in in that demographic and that pay seems like there is a lot of competition they beat estimates on revenue but they miss on earnings might be a common theme for many companies struggling this last quarter raised the outlook for food prices for fiscal twenty twenty ongoing shortage of delivery drivers hurt the chain sales again this quarter they make 282 versus 291 they slightly beat on revenue and this thing has really pulled back dpz is their symbol I believe there it is you're up 3% on those numbers we jump back to longer term on this equity though well we're getting quite a bounce now off of those lows look at that you were down as far as 316 you're up to 423 a lot of the equity is not bouncing as much as dominoes pizza had you're now above where you came into the year twenty twenty in came into twenty twenty at about four thousand your five percent above that price level well off the five sixty seven out of curiosity here let's take this one off let's see how far we're bouncing into this on a Fibonacci basis just blown past the 3a2 for a bounce here to 424 and some strong numbers up 3.2% the labor market is going to be an interesting one to see how it plays out as well all these companies are struggling to get workers that's not going to allow inflation to come down as easily as the Fed may want retirees they're going to see their monthly social security checks jump by 175 bucks next year not sure that's enough I'll answer that question probably not enough is a better way to put it is that enough to keep up with inflation excuse me monthly benefits for retirees could rise 10.5% in 2023 that would amount to $175 increase to an average payment of 16 68 meanwhile the benefit could be a size 11.4 if inflation remains as current clip some big numbers in a big way man so it makes sense that social security is supposed to keep up with inflation and that's quite a tall order right now we've got American Airlines out with their numbers forecast third quarter profit but scales back growth after flight disruptions what are we dealing with we're dealing with human capital again it expects to be in the black in the third quarter another side of strong travel demand even at high prices they're going to limit its expansion this year though human capital man second quarter profit 476 million up from basically nothing a year ago second quarter revenue 13.4 billion up 12% before the pandemic up 12% from before the pandemic right even though they flew 8.5% less than the same period in 2019 so they're they're flying excuse me they're flying almost 10% less travel and they're making 12% more got to do it recruited 100 bucks inflation raging they make 76 cents they basically come in at revenue jump over to American this is going to be longer time the market they don't like it you're down 6.2% we'll take a look at some of the airlines take a look at carnival down big on an offering today as well TFNN has just launched their new trading room the Tiger's Den hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tiger's Den available to all Tigers and Tigris's for just $1 for the year there's no cash or added costs when you join our community of traders in the Tigers Den you can look over the shoulders of Tom O'Brien and the other 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Expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors this segment is brought to you by thinkorswim click the thinkorswim banner on the front page of TFNN.com welcome back folks we got American down 6.3% on their numbers let's jump around to see how some of the other airlines are reacting Delta they were down lower catch a little bit of a lift now only down about 3% you jump over United United so what are the United and American yeah so United was out last night they take they take further on the American American is out this morning they trade lower on United and American down 6% now I mentioned Carnival they've got a million dollars offering or something going on their offering shares let's see what they got going on we pull them up to see where we are on Carnival what do they push out here we go a billion dollar common stock offering I figured it couldn't be a million they plan to use the proceeds for general corporate purposes and here's what I will say is I've been talking about that they got a lot of debt man and I don't know if a billion really saves them I talked about yesterday maybe we make it back within that channel line not so quick man maybe Carnival that's the turn around where they're showing up investments because they see potentially a demand problem coming from whatever it is whether it's the new variant whether it's just the economy and a billion dollars is not going to be enough to save this company folks if they have any demand shock any further with the type of debt they have down 12.5% today no region yeah no region didn't do an offering they're not 8% today Carnival needed a billion dollars they went to the market they put out an offering to get it but be careful of those equities folks you can play them and if you get a pop you might get a heck of a pop man but you just better be okay with going BK those equities like you see you wake up yesterday you wake up today 13% gone and check out the euro dollar man you are right back to parody interesting alright folks stay tuned we got the S&Ps right now up by 3 points Nasdaq up by 34 Dow in the Russell barely in the red right now Bitcoin down about a thousand dollars Tesla selling almost all of their Bitcoin about 75% at least they got about 200 million bucks still in digital tokens or digital currency on their balance sheet alright folks stay tuned we'll come right back thanks for starting your day out for me