 The following is a presentation of TFNN Trading Hour with your host David White call now toll free at 1-877-927-6648 internationally at 727-445-1044. Now David White and welcome to another exciting edition of the power trading hour with me your lovable humble squeezably soft host as always we like to come to you at this time the following takes place between 2pm and 3pm well we've had a little bit up and a little bit it down we're at 2841 85 on the s&p cash dow is 55 nas except 35 Russell soft one it's been kind of the weak sister all day long the Russell I mean and you got a little bit more out here but again we went from a little over 10 billion shares on Friday to about just a hair over 7 billion yesterday so fairly quiet as we start to show off we're just a hair over 4 billion and I don't think I think we probably would have had 3.5 billion if we didn't have a little news blip come out here saying that the Chinese were playing a game of give and take as I said before is nothing new out here these things take forever now there is a reason why and that is until someone gets worn out no one is going to declare victory at some point someone has to give and that has to be enough to seal the deal and of course you got to save face doesn't matter what country you're in it's got to look like you you had a giant negotiation and it was the absolute best you could do even if you could have had it nine months ago that matter the proof of the pudding in there for those people in the State Department is to drag it out forever you know what few things in the State Department ever go quick and that's basically unconditional surrender that's about it those things generally work out fairly well when everybody tries to new nuance and give everything kind of 50 shades of I wouldn't say gray 50 shades of maybe it is great it is problematic anyway volume's okay actually would be poor if we probably didn't have that little hiccup earlier in the day but again I think we probably go negative by the end of the day there was a lot of push at the very beginning of the day and the volume was horrible yesterday first hour so volume was horrible today kind of the same thing the only reason we have decent volume is because of that little hiccup today's the last day of options rollover and of course then we go into the Fed the Fed meeting results tomorrow and I guess it's got an asterisk after it it's not clear but I assume that means that they will have a meeting starting at 230 Eastern time normally running to about 315 and it's almost like the markets decided to mark it up as high as it can and see if Mr. Powell will blink but what kind of signal at 1213 points off the high of the day in the S&P already and of course the Dow already hit 26,000 got to put on your party hat then you got to take off your party hat what is it right now 25 at 953 so it's a lot of wind up kind of like a pitcher that keeps circling the mound and scratching himself and spitting it's all about the Fed tomorrow and I suspect that the Fed is way oversold what it will be willing to do that the whole thing on bonds has probably been a lot of job boning job boning and we'll see but yeah I don't suspect we go out this day positive on at least on the S&P cash might be able to break even on the Nasdaq man our people pushing this market with light volume a ton of stocks we went through a lot of those yesterday and that's about it so we'll go through some more stocks we'll look at some ETFs see if that we see anything in the tea leaves but and before that we will do a little history and then we'll get to the meat of the show in the next segment so let's do a little history and yes on this day in 2003 the United States along with coalition forces primarily from the United Kingdom initiates a war on Iraq just after explosions began to rock bad dag iraqi's capital us president george w bush announced a televised address always kind of interesting to see these things 15 years later always love the people that say that they didn't have any mass weapons of mass destruction I then have to ask them about the 500 metric tons of uranium they had that been good for making about 120 nuclear weapons depending on what size they want but then if you're just talking here run of the mill one megaton bomb enough to flat in a city 120 of them and of course they had bought all the plans from a q con from iraq to build those weapons in a almost Freudian slip they decided to push out almost 500,000 pages of documentation about how they were actually engineering nuclear weapons at the moment that we invaded them those were all made for the benefit of all the countries surrounding them especially Iran they were deathly afraid that they would get reattacked the thought that maybe they had a nuclear weapon I thought would keep them off they did such a great job that we believe them and that's it they did have centrifuge weapons that stuff went to Syria just before the war broke out so the question is do they have any weapons of mass destruction well yes and no in the local what do they call it down here the veterans hospital at one time we had 195 people that have been exposed to sarin nerve gas and some other nerve gases why they were over there certainly the stuff was around it was old but it still worked enough to put hundreds across the nation in the bill so was it all about that everybody says it was about the oil I think it was probably a lot less about the oil and the fact that Saddam had sent assassins to kill not only the president's father but the previous president too mr. Clinton president Clinton so on this day in 2003 an adventure in the mid-east we'll be back after this break the TAZ profile scanner is the most revolutionary piece of trading software that you will ever try wouldn't you like to approach the markets with confidence as you begin your trading day it's likely that you'll be faced with lots of decisions in order to make the best decision the first thing you'll need is a strategy that will help you minimize your risks whether we're in a bull or bear market a good strategy is to have the tools needed to help you scan and analyze the markets before you trade the TAZ profile scanner instantly scans and filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve doll president of TAZ market profile the TAZ profile scanner understands that in today's technological world the use of top flight software applications automated trading algorithms and technical analysis expertise is essential to 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investors call now toll free at 1-877-927-6648 internationally at 727-873-7618 and as we return I got a request today to look at airline stocks after Boeing and what's going on with them I was uh leave that on turn that on and get that back certainly headed back lower and kind of interesting in the fact that we have had at least moderating dual prices for a while of course they're up a little bit we've talked about the reasons for that tomorrow of course we'll get the EIA numbers and after the bell tonight the other numbers the private numbers the double top secret numbers at 430 445 again I don't think that any of this really matters much at the moment for oil this is the rollover period and a lot of things can skew the results basically by the time you get through the end of April you're done with the rollover in gasoline from the winter to summer formulas at the refineries and everybody's kind of back into business right now it's pretty easy to raise prices on literally everything because it's kind of everybody's cut back if you can't turn on your well if you're doing repairs on the refineries there just isn't a lot you've put a lot in storage but that's about it anyway gold's up about five dollars and sixty cents today silver up six cents platinum up 1980 copper still stuck below kind of the psychological level that really matters which is about three bucks and telling you that the economies of the world's expanding two dollars 92 and a half cents which is up about half percent but again been playing around there for a while in other sectors we still have the tlt effectively unable to break out of this area from about 120 to 122 solidly stuck in there when we look at the dollar index it has finally broken back under 96 so the question is whether 97 was a long-term top the government has been working at least the US government treasury it's been working extremely hard to keep the dollar fluctuations to a minimum and my guess is they probably come back in tomorrow and show this up they like that 96 level so maybe 95 is low 97 is a high as long as they can hold it there before the markets force them out of it anyway American Airlines as we said fuel prices kind of moderate at least what they've been historically you got like a whole lot of no volume here today again there are a lot of these 737s in the United States had a couple people ask me what I thought about the Boeing thing pretty interesting that none of the planes that were ordered with the dual sensors for the angle of attack have had any issues those if they don't agree if one's wrong or broken that it doesn't have a problem that may be the easy fix for Boeing we'll look at them in a minute anyway the just you know when you're going sideways for five days very tough to figure out anything you are back in to what is the support area that goes back to the January 3rd December 26th low you kind of bounced those lows you are coming back and energies a little lighter wouldn't be surprised to see in a month or so crewed start to going down and probably looking at in the rearview mirror on the Boeing issue to tell what else do we have have Alaska air group did break through with energy through the previous lows it's now back up to that resistance DAL one of the strongest of the ones certainly been banging against the February 19th high that was fifty two dollars and twenty two cents that's fifty two oh eight okay and see yeah so you had the volume you just couldn't hold it energy was about the same in the way up on the down again it's gone sideways for four or five days not a whole lot in that either jet blue again four or five days okay so you're going to get a move out of the airline stocks that's probably going to be significant southwest one two three four five six seven days going sideways now I understand why they want me to look at the airlines out here spirit airlines banging against the lows from January third that had one point four million shares of fifty two fifty two briefly went below it on lighter volume on thirty five percent lower volume on mate age bounce now it's pulled back decent volume yesterday a million shares up today on 384 thousand shares so it doesn't look like anything's ready to move here yet UAL the last one in this sector as we look and just back again to support levels in continental united continental going back from the 24th of december into the 15th of january so you had a little pop you had to pull back this doesn't look like there's a whole lot going on there other than the fact that these things certainly are winding up a break below I think would be significant and the question is whether or not with all the harangue about bowing what is the question of how many people are actually buying this thinking that they're getting it on a deal bowing is found very good support going back to the 30th of january this gapped up on 12.7 million shares again no one knows what's going on for real we do have kind of an idea they do know that the control services with a jack screw had pointed straight at the ground but we continue to hear reports over there that it was on fire probably not a software issue if it was on fire and trailing smoke but we you do have fairly decent support and again today very light volume in comparison to the recent times maybe seven million shares so far today compared to the 35 million shares we had back on the 11th so no sign this is going to break but no sign that it's going to bounce either but certainly a lot of people stepping in at this level and the question is how fast do we get what it will take to fix and what the cause was for this and the question is if we just need to add a second sensor on the side of the plane for those that don't fly there's a little like if you want to if you if you saw it you'd just say it was a wind vein from the top of somebody's house on the side of the plane and it tells how what the direction of the plane is compared to the wind going over the wings so at one point oh go out of the break at one point you could stall which is the whole reason for the valley we'll be back in a minute path of least resistance is david white's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30-day free trial to this powerful daily trading advisory service david uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options david keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted don't miss out on this great chance to get a 30-day free trial to david's daily newsletter the path of least resistance with no obligation to pay anything david has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning 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that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com and we have an email coming in across the ether uh pete asking about jbht t which is jb hunt transportation services as a short um energy is about the same on the way up on the way down what you don't have is really real volume uh against this gap from the 18th of january where it went up on 2 million shares first time it tried with 1.2 million shares january 23rd spiked it again on march 8 with 1.36 million shares so you know you're gonna get a little bit more of a test out here now today you're down back into that level with 400 000 shares so i wouldn't probably go along this but i definitely wouldn't go short um we had one that we were talking about yesterday uh to to to was it yesterday yeah and that was what b something wasn't it i can't remember the name of it now yeah green briar um transportation sector doesn't look all that bad you got the gbx which is the green briar making some nice lows now this one i like a little better but again these things have about the same energy on the way up as they do on the way down this one looks probably a little bit better out here and these guys make uh train cars for the rails uh what is it cvx cxvc xs what is it that can't remember it right now i'll think about the other railroad companies um let's go back and look at a handful of others that i had on my list of stuff to take a look at uh let's go to the qqqs see all the stocks that i normally don't look at dobby had earnings kind of pulled back a little bit uh on the gap down it's trying to push its way back up had a lot of volume on the pullback never had any volume at the at the real highs going into that 260 there you got up to 269 80 and reversed back down and now pushing back up um this one always looked a little bit better to me uh if you got back up to a 262 265 um it's been hanging out on no volume for a while uh autodesk take a quick look at that one this one spiked the high did so with about the same volume as previous i pulled right back into the trading range this one again um up a little what 155 91 for the last tick but again you probably want to pull the trigger against that august 27th high at 159 94 as long as there is no volume you've had energy to the downside on it uh amat look at that one applied materials uh in the smh's had a lot of volume a couple days ago but could not break the highs 41 24 with 10 million shares you had 23 million shares two days ago on that friday options expirations so maybe a little bit of an anomaly but what you don't have is volume yesterday 7.6 million shares today 3.9 million shares my guess though is that they'll push this up into the fed meeting yesterday and if you continue to have no volume that's where a lot of these look like they could have some majorly sick reversals uh amd huge day today going back up into a 62 million share day of 25 dollars 52 cents from february 25th you've got that on 96 million shares today i didn't look at the news on that real quick let's see what it is do do do do do do do do okay google has a partnership for a new video game streaming service so i'm going to say more of a short squeeze than anything else because i don't see how that could actually make a lot of money for amd but you got the volume again you want something to break above that february 25th a good question about whether or not this is a possible uh selling or a buying exhaustion move in amd uh and a pullback to the 2103 i don't see a lot of reasons why amd should be performing that well i don't see much in am generous take a look at am z in the big one again you can email me at path at tfnn.com so you're back up to the previous high right now you got 4.3 million shares going into two highs that were just under 7 million shares so you want to watch the volume coming into the end again just all of these stocks have had light energy all the way back up into these highs and really haven't been blowing out the highs with a lot of volume asml uh let's do this okay up on seven points right now on the smp cash on most of the exchanges okay uh what do we have uh and it's just back into that a quick question look at the smh just see if there's anything going on in those i mean you just pushed back up you didn't have a lot of juice um i mean you're one what two bucks from the september fifth high 109 87 you need seven million shares you got uh what today five million shares so far 5.2 million shares so could you get to the 109 87 you could this last little bit though it's just been on pathetic volume for a number of days as we pushed higher a vago up strongly over the last couple of days after earnings i had a lot of people uh short that just before it went higher didn't really have that much in a short uh basis on it but blew up higher at 14 million shares on friday last week six million shares yesterday a little under six million today 3.6 million shares again i don't think that this looks any different than the rest of them that is that they go a little higher for a few days and then pull back into the trading range uh by do still bouncing around the lows not a lot of juice uh china a lot of these companies in china um the i think the writing is kind of on the wall uh there's a lot of problems over there that are going to come owned roost if they're chickens bookings dot com um of course blew up in the last earning cycle down on the 28th of february with almost two million shares coming back in the question has been where to short this thing and if you get back up here about 1825 i think that's about the best you're going to be able to do on that one let's take a look at some other ones uh casco back up pretty much the previous eyes uh energy uh and even the earnings were pretty bad on casco uh i'm not exactly sure they kind of promised a lot in the future that certainly weren't in the earnings uh it did gap up the next day i don't know maybe that's more about retail than anything else anyway you're back up with about the same volume that you've had before at the highs light volume today though if you're in the cd market and looking for a secure investment the tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in st petersburg florida the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the 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very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks bonds metals commodities and tech there's a newsletter to fit your needs exclusively from tfnn stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors will the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spxs directions daily s&p 500 bull and bear leveraged ETFs direction leveraged ETFs an investor should carefully consider a fund's investment objective risks charges and expenses before investing a fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a fund's prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor 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 sysco up on fairly light volume 11.2 million shares 18.9 million shares yesterday a little bit of a pullback again kind of hard to beat a monopoly when your competitors are all chinese communists trying to hack every router in the world and give you a pre-hacked router so sysco probably not one of the ones that you want to be shorting anytime soon okay csx this is what i wanted to talk about in the rails yet nice volume and enough volume that you should have been able to bust out the $74 area on csx yet highs at November 16th and December 3rd you've gone through that with the kind of volume that you wanted to kind of see up here now kind of pushed up here today with 2 million shares and a little bit of a reversal again energy is not off as bad as some stocks but still off about 15% on the way back up off the December 26th low but bring a breakout in csx may be a signal that you can look at the greenbrier companies for making the railcars to do what else do we have want to look at here centos cts coming back into this huge gap down from the september 26th down on 2.3 million shares you pierced it on march 4th with 400 000 shares you've been just coming up here and again as i've said before any clothes below a nine day moving average pretty much or a three by three displaced moving average is going to be a pretty big sell signal we haven't got any of those yet so it's not time to throw a hail marry but certainly very interesting patterns up here in that any slip at all could be extremely bearish but we haven't gotten those signals yet dollar tree when we look at this one it has got kind of a fairly decent signal if this thing goes back above a nine day or three by three the next clothes below it would be a pullback to about 96 97 electronic arts just talk about a stock that's been going sideways for a while back to the 21st of February till now this thing has done nothing but go sideways good suggestion that you've either got accumulation or you've got huge distribution i haven't been able to pair that out so far but it's not the distribution absolutely at the lows but there is very light volume i'd watch this have it on your radar over the next few days ebay again a lot of these stocks in the next couple of days if they have any clothes below a three by three displaced moving average during the nine day have monster cell signals in ebay it would take you from this 37 dollar range back to the 32 range fairly quickly xpedia uh and just kind of in a downtrend a little bounce today this one still looks like it wants to come back 108 11 fast and all nuts and bolts in america another one that uh up on very light energy any clothes below the three by three would say that there's weakness in the industrial sector probably wouldn't short it i would look at it as a canary in the coal mine facebook has been on a cell for a while we've talked about this pattern where that went above and then the next clothes under the three by three you can actually see it in this one where you've had the three down days and today kind of going a little sideways into yesterday's but not making a whole lot certainly looks like 155 is the first target on this pullback for facebook fisv and nothing in that one to to know what we have fox fox molder let's take a quick look at the evil that is google see if there's anything in this one again holding up on the uh three by three but you only need a few bucks for this thing to come back uh a failure and a clothes below three by three would imply a move back to about 1120 bucks so that'd be interesting has bro uh just going sideways uh one two three four five six seven eight get a lot of these stocks that are winding up to make some huge pitches whenever they break which way they're going okay idx intel not much to report on intel as we look at that um would inbev the accumulation let's take a look at that one yeah not so much generally what you're looking at as either accumulation at lows or distribution at eyes is a big order and that order pretty much you just see it in there every day and that is if you were looking for accumulation on inbev the last two days not today but last two days are what you want to see and that is the body of the candles all kind of coming back in at a price range you had kind of a little pop out here that could it be accumulation it could but it's not huge accumulation uh but if this thing if all the lows of the day whether it was a bullish or a bearish candle that day we're all around that same price you know someone's stepping in there on the days that it's bad and the days that it's good but they're saying you know what i'll pay 520 for this thing won't pay any more uh when it gets down below to 520 uh i'll just go ahead and continue to buy as long as people are willing to sell when it goes over 520 i kind of give up and that kind of makes that sideways movement that is a little bit less volatile than inbev not a bad pattern again a lot of these out here you're above the three by three so you've got to figure that you're not doing all that bad into it another one of these stocks that looks like on a parabolic move could fail in the next couple of days very light volume today 882 000 shares uh the next close below the three by three displacer nine-day moving average to me would be a short signal intuitive surgical up a little bit today this one has been on nothing but fumes for a while same thing the next move below that i suspect would be a signal uh crane okay we have out here a clack semis back up now this one much much weaker than amat and some of the others just kind of trailing up higher as much of many of the stocks but we're back now back into the july 31st high of 2018 with 5 million shares uh you got into it with uh 1.7 million shares yesterday today just 592 000 shares i don't think we've got earnings for clack coming soon but i won't check it during the break i'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets i'm steve rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one 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technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two-week free trial to the opening call basil's daily trading newsletter by visiting the front page of tf and n dot com cancel at any time during that trial and pay absolutely nothing get your two week free trial the basil's newsletter the opening call today by visiting tf and n dot com catch tom will brian professional trader and educator founder of tf and n also a special guest on cnbc tom will bisect and dissect the markets the tom will brian show next on tf and n and we kind of coast into the close here of the show 28 40 on the sb cash which is up here more than seven points on the day of course that's way off the 28 52 42 high of the day earlier so we'll have to see how the market actually closes back in i do suspect though that we could have a little selling and probably a little selling into the tomorrow morning before the fed meeting looks like they really pushed this market very hard so i suspect we probably see some people looking for the door before the fomc meeting and then we'll have probably some volatility after that we'll have to keep an eye on it but i don't see a lot going on other than probably a little selling today before the close and then some selling in the morning after the open and then waiting for the fomc meeting and then the uh discussion at 230 which won't be over till about 315 or 330 somewhere in that range what else do we have let's go ahead and look at some of these other stocks lulu don't see a lot in that one micron i've been pushing up a bit just into this gap down from the 5th of march that was a 29 million shares on the way down then you got about 25 million shares on the way up um not bad a lot worse out here maximum integrated products again a lot of these semis could roll over this one looks like one that would uh netflix uh been hanging out against these 371 49 by of february 25th he had 7 million shares he had 7 million shares uh on on uh yesterday and not a lot on that one again watch a lot of these stocks because a lot of them are set up any pullback below the nine day three by three displaced moving average would be fairly bearish on most of them in the meantime so when you can not when you have to we will see you here tomorrow same fat channel same that time