 The following is a presentation of TFNN. The Morning Market Kickoff with your host, Tommy O'Brien. Good Friday morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN just after 9 a.m. Eastern time. We're going to have some volatility today. Markets liken the jobs number to kick things off, 275,000 jobs added. In the month of February, as this market just marches on, we've got the unemployment rate ticking up to 3.9% from 3.7% on the wage front. Everybody keeping their eye on wages, of course, with inflation. Wages on a monthly basis. Going up 0.1%, the expectation was for 0.2%. Seems like at this point, it used to be when we exceeded in jobs that cuts were in question. That's not the case right now, as the market is doing relatively well. Maybe it's just not too hot, though, where the Fed might have a little bit of room to cut, where we see wages weakening a bit. You had revisions of 167,000 for the prior two months to the downside. Keep that in mind. The number you're going to hear, the headline number for the month of February, jobs created 275,000. The market was looking for 200,000. But you got to remember that we just got 167,000 revisions to the downside for the prior two months. Yes, we beat by about 75,000 for the headline number. When you combine the revisions, it's a little bit of a miss. You have unemployment rate ticking up to 3.9%. You have wages coming in at 0.1% on a month-over-month basis versus 0.2% was expected. The market says, you know what? This might be Goldilocks, man. We got rates dropping. We got markets accelerating higher. Let's get into it all, man. S&P is up by 15. You see the volatility on that number, man. Now, what's interesting is you back it up to a one-minute chart. Within 60 seconds, you see that the market dives down to 5140. That was on the initial reaction of, uh-oh, we got a hot jobs number. What does that mean? The economy is overheating. That's going to cause the Fed potentially to delay any type of cuts. We might deal with higher rates. We're still dealing with inflation and then what? The algorithms figured out that that was not the case this time around, man. A little bit of a mixed number. We get revisions to the downside. You have unemployment rising. You have wages weakening a bit. They say, you know what? This might not be that bad of a deal. We'll see how the day goes, man. The day is young, as our man Basel Chapman says. We got about 20 minutes to go until the opening bell, and we got markets in positive territory. The Dow does give it up a bit with the Dow negative by three points. You see the volatility on the Dow, though. Look at that 830 bar on the Dow. You dip to 38,625 before you accelerate higher, 38,820 right now. Bitcoin hovering near record highs. Let's put it back to a 15-minute chart for Bitcoin, 68,675, so much for the sell-off from 70,000 to 60,000 on Tuesday, like it never happened. We're coming back right up to 69,000 right now. Crude, little volatility in both directions as well. Crude trading at 78,72 right now. Gold getting helped out by weaker yields, weaker yields, putting in a weaker dollar. That's going to help commodities based in dollars. Gold, though? Man, you talk about it right back to where we were before that number. You spiked to 21,92. We're back to 21,72. We're still positive by $7 on the session, but gold gives up those gains that we got on the non-farm payrolls number. You jump over to silver, little volatility as well. Silver trading right now, negative by eight pennies at 24,48 an ounce, and we jump to notes and bonds, and we're right back to where we were at 830. We get some volatility, man. You spiked down to 111,07. You make it up to a 112 handle. You come back to 111,26, and we're talking about a 10-year yield right now of approaching 4.06%. 4.06 we're approaching. Let's see where we are. We're actually at 4.08 as we jump around a bit with a little bit of volatility this morning. Keep our eye on the dollar index as well. DXY, 102.60, weaker action. Let's put the dollar on a daily basis because, boy, it's been quite a turnaround, man. You trade in October from 107 down to $100 and change. You drive up to a 618 retracement of that entire move, and since then, it's been quite a rollover with the dollar trading from almost 105 to now 102.50 on the downside. All right. Excuse me. Jumping into some of those numbers as you jump around here, it is interesting how quickly these markets are going to move. A couple headlines out there. You've got treasuries, extend gains. Well, guess what? They just gave it back up just that quick, right? The two-year, though, pretty remarkable. Is this the one that has the two-year? No, this is going to be the one that has the two-year. Now, this is changing as we speak as well, but look at the action on the two-year, man. This is all about the Fed, okay? The two-year was sitting at about 4.5. We dropped to 4.4. We're sitting at 4.43. We pull up the two-year, which is ZT, and we put it back on the short-term timeframe. As you can see, the 10-year gave it all back. We still got lower yields, though, on the two-year, which is pointing to the fact that, you know what, maybe this is a good number when it comes to the Fed, the ability to cut going forward. Yes, we have a strong economy, but it might not be too strong as you have unemployment rising, and you have wages only rising at 0.1 percent on a month-over-month basis when the expectation was for 0.2 percent. If you're rising at 0.1 percent on a month-over-month basis, folks, all you got to do is multiply that times 12, and you're at 1.2 percent wage growth over 12 months. Now, that's not exactly how it works, but it kind of is, and there's a lot of volatility on a month-over-month basis, but nonetheless, if we ever get wages back 1-2 percent growth, that will be very helpful to the inflation battle that we have raging right now in this economy, in this Fed, and in this market. I talked about it in the 9 a.m. update, and how about NVIDIA, man? NVIDIA is going to open up almost another $30 to the upside. There is just no stop in the stock right now. Put it on a daily. Kaboom! It seems like $1,000 is in the works, man. Nice round number. We're trading at $9.53 right now. Yeah, that's about all you can say about this equity, man. You talk about a stratospheric run. These are weekly bars, folks. You back it up to the beginning of January. We're at about $500. Since January 8th, it's March 8th today, okay? Two straight months, no red bars on a weekly basis, and you have now almost doubled the share price since that period of time. We've almost doubled where we were when you're talking about back in January 8th. And for some context here, okay? The run really began in May. Remember when they blew out that quarter and traded up from about $300 to $400? Well, we're trading at $9.53 right now. Absolutely remarkable for NVIDIA shares. As they continue to trade higher, you take a look at AMD. They're going to open up by about a couple dollars this morning, $213.05. You closed yesterday at $211.38. We jump around to some of the other magnificent seven stocks. Apple, continuing to struggle, man. Apple, you're positive, but barely by 80 pennies. You're trading at $169.80 for Apple shares. Microsoft this morning, trading actually negative. You closed yesterday at a $409 handle. You're trading right now at around $408 from Microsoft shares. You jump over to Google. And look at this, right? These tech stocks, and they're struggling a bit, man. We got the market's NASDAQ 100, barely positive by 20 points right now. Google shares, basically flat. You jump over to Tesla. Tesla shares up about $3 to $181.55 right now. Let's check out Netflix shares to the positive by about $1.610. And we finished up with Metta. Metta shares, you talked about a run yesterday, right? Metta drives from 500 up to 519. You ended at 510 this morning. You're going to be up another $4 from Metta shares trading at 516.11. Dow, getting into positive territory as we speak. And the S&P is up by 10 points. It's going to be a record open on the market, so S&P 500. We're approaching 5200 in this market, man. Futures right now, up by 11 points trading at 5172. Stay tuned, folks. We got a lot to talk about. We'll dig into those jobs numbers a bit. We'll talk about some of the different equities with action this morning. Friday, stay tuned, folks. We'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. 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Whether you're a bull or a bear, you choose the direction. Visit Direction.com. Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a fund's investment objective, risk, charges, and expenses contained in the prospectus available at Direction.com. Read carefully. Distributor, Four Side Fund Services, LLC. Welcome back, folks. We've got markets in the positive territory, but S&Ps, give it up a bit. We just stopped 13 points from the highest we made at about 9 a.m. Eastern time. When I was doing that update at the top of the hour, you get S&Ps, positive by five now. NASDAQ 100, positive by single digits as well. Dow off by 30, and you get the Russell holding on to gains by 16 points. But just like that, Russell gives up about 10 points as well. Okay, what else we got going on in this market? Well, where do we kick things off? Let's see. Let's kick it off with Rivian. This is an interesting one. So Rivian, you got a little bit of an acceleration. You accelerate yesterday from 11 to 1250. Today, you're up again to 1331. The news out there from Rivian, they're talking about building two low-cost vehicles. All right? Now, they're gonna follow Tesla's lead, but is it too late? I would be very careful of this one, folks. This is not where Rivian was supposed to come into the market and disrupt things, right? They were supposed to be the SUV, slightly premium, okay? But guess what? They are now gonna go mainstream as, yeah. They're gonna talk about $45,000 is what they're gonna be talking about for their cars, man. They got some issues, folks, okay? And they're trying to spin things in a positive light, but this is not the turnaround story. I mean, they just came out recently, okay? And let's back it up on their chart for a second for some context here. You put it on a daily. February 21st, they come out and tell the world, guess what? They made about 56,000 cars last year, and that's what they're gonna make this year as well. That's not what this company needs to be doing, man. Stock drops from $16 to $10, all right? Yes, we got quite a bounce going yesterday. You're gonna extend that bounce today up to 1330, but they're reaching a bit, okay? Now, this isn't something they concocted in the last two weeks since this earnings number, but that is not the path that they are gonna follow to riches, folks, all right? They're not gonna crush the world at $45,000 a vehicle. We see how difficult it has been for these EV companies, like Tesla in particular. Number one, you got a demand problem out there. And number two, a company like Rivian, boy, they got an economies of scale problem, okay? You need to be producing a ton of vehicles to be pushing out vehicles at $45,000 a pop. They are losing a magnificent amount of money per vehicle right now, and those are the vehicles they're selling at almost $100,000 a pop right now. So what's gonna happen when they're trying to push out vehicles at $45,000 a pop? And yeah, you wanna see their share price, folks, okay? That's their share price. Can you find a bid on this thing? That's the monthly, and you can go back the weekly, I think, encapsulates it all. It sure does. There's your weekly encapsulating it all for some context. I always say percentages on small numbers can be deceiving, okay? You were just trading at $10. Right after their earnings, you're now trading at $13.24. Another way to say that is you're up 32% from that low number. Does this chart look like a stock that's up 32% anywhere, let alone in the last few weeks? So be careful, folks. There's been a lot of promises made by this company in the EV sector in particular. Very difficult right now going forward, and I'm not sure that $45,000 is gonna be the spot that allows them to profit dearly. You look in the market cap of this company, you're still talking about a company valued at $13 billion as they continue to burn cash, man, on every vehicle they sell. So be careful for Rivian shares to put it lightly. You jump over to Eli Lilly. LLY is their symbol. They've been on quite a tear recently. You're gonna trade a little bit lower on the open for them. The news out there is that they get a delay of their approval of their Alzheimer's drug in a quote, unquote, surprise move is how CNBC puts it out there. Now, this thing has been a controversy across the board. The FDA has now pushed back its approval of the decision deadline for the drug makers experimental Alzheimer's drug. Yeah, they were expected to decide whether to green light the medicine by the end of the first quarter. That deadline was already delayed from an expected approval of last year. So it just keeps getting pushed back, man. Yeah, you know, as they, you know, and I don't know enough about the fundamentals of this one, man, but this has had quite a run up when you back this up, okay? There's your Eli Lilly chart. And yeah, now they have some issues with potentially the Alzheimer's drug getting approved. You're trading at 780 right now and you're down about $6 in the pre-market. Yeah, well, it's unusual for the FDA to hold an advisory panel meeting after a set action date. It's happened before. And that those therapies has been previously approved. All right, how about HelloFresh? Boy, this one, right? Okay, so HelloFresh, this trade's in Germany, I think. When you pull this up on the chart, me on the Thinkorswim platform, HLFFF, HelloFreshSE, there's your chart on a monthly basis, okay? I'm not sure how they got that acceleration, folks. HelloFresh meals, right? Delivery meals, meal prep, et cetera, up to 115, you're down to 1087, but that does not even include the drop that you're gonna get today. Okay, and it's not showing that on the chart, but you got to close at 1087 and you have a bid ask right now of under $8 for HelloFresh. They are in trouble. And it just shows you should listen to your gut sometimes, folks, no pun intended, listen to your gut when you're talking about meal kit makers. But yes, they drop their midterm targets as it expects earnings to fall this year due to expansion in its production capacity, investments in new fulfillment centers and high marketing costs. You can always hit revenue numbers, folks, if you spend enough on marketing. Doesn't mean it's good for your company, though. And yeah, there's a lot going on here when you get the stock trading down 40% from where you were just as of yesterday's close, let alone the longer-term chart that you're dealing with on this equity, of course, that we just took a look at. Adjusted earnings before interest, taxes, depreciation and amortization, EBITDA, should range between 350 million euros to 400 million euros this year. The forecast is below the 568 estimate, yeah, and adjusted EBITDA of 448, quite a miss, man. They're targeting constant currency revenue growth between two and 8% this year. The market was looking for 7.1% and just anecdotally, sometimes, you know, there's a lot of people, right? I think it's buffeting even some of it. You know, you invest in what you know. Now, listen, if you're talking about retirement, put your funds in a low-cost index fund that tracks the S&P, don't look at it, stick it in there and you'll be fine. But there is a lot of truth in my history, in my experience of investing in what you know. And these meal kits are just too expensive. You're not saving money, you don't end up using them all. I've tried them myself, okay? And as somebody that likes to cook, that likes to eat healthy, fresh food, hello, fresh. I have not tried this one, but I think I tried a couple of different plants. It was just too expensive, bottom line, too expensive. That's it. And we've seen the rise and fall of these companies. And nonetheless, they got quite a bit going on again. And I think the writing is on the wall now as you're down to about $7 and change. Can't believe you got up to 115. But yeah, sometimes you just gotta listen to yourself, man. Okay, when things seem too good to be true, sometimes you gotta just listen to yourself. All right, we got three and a half minutes to go until the opening bell. We got the S&Ps holding onto gains by single digits up by seven. You got Bitcoin nearing record high, 68,000, 775. Go contract holding onto gains up by $11. We'll see where this market digests the opening folks following those non-farm payroll numbers. Stay tuned, we still got a lot to talk about. Be right back in three minutes, folks. Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFNN empowers traders and investors of all skill levels with top-notch investing systems, strategies, and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFNN, we bring the trading floor to you. Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. 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Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Head over to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. Folks, 9.30 a.m. on Friday, and we got markets open and new open and positive territory, trading at 51.68 right now in the S&Ps, NASDAQ barely in the positive as well as the market gets a little bit of a sell-off on the open as we're up by single digits. We were as high as 51.79. We keep our eye on yields. The 10-year, slightly lower yield than where we were at that 8.30 number, you can see kind of right back to where we were. At about 8.38 a.m., we have a 10-year yield of 4.07%. 4.07, we jump to the dollar index right now. Dollar, a little bit weaker, 102.57. Now the 10-year is right back to where you were, but you jump over to the two-year and you can see that the two-year has pulled back as we have the two-year trading up by about four ticks and that's a decent move in the two-year. We're gonna look at the yield curve right now to show you where we are on the yield curve. And as you can see, the two-year actually dropping seven basis points, the biggest move out there, that illustrating that maybe we are in line for some cuts, more so than maybe the market had expected. The 10-year down about two basis points right now, the two-year down seven basis points right now as the market seems to like this number and may illustrate that the Fed, we may get those three cuts. We'll see, we got a Fed meeting, 12 days from right now, a week from next Wednesday is that Fed meeting and before that we get CPI on Tuesday. So March 12th, 8.30 a.m., Consumer Price Index, we get that for the month of February, the January number was super hot. The market is looking for that potentially to be an anomaly, but maybe that's why you don't have yields moving as dramatic as you may expect as we got one more hurdle to get over right now with the CPI number on Tuesday, we get over that number, excuse me, and it seems like, yeah, the Fed's gonna like these numbers, man. As we got wages only going up 0.1% on a month-over-month basis, we have the unemployment rate rising to 3.9% from 3.7%. You do get quite a headline number of 275,000 jobs added in February, but as I mentioned, when you look at January, when you look at December, okay, you got negative revisions to those months to the tune of 167,000 to the downside. Excuse me, you take that number out of there, and you're talking about only a gain of 108,000 net, 108,000 net. Now, nonetheless, that's not exactly how it works. You still got 275 in February, man, which is actually a hotter number now than January, but what about wages, right? Wages not heating up, unemployment actually going up. Might be just enough to give the Fed the room. They need to say, you know what, the economy's doing well, but it's not too hot right now where we actually could cut in the face of what we're dealing with in this market. All right, let's jump around with some of the equities with news, we jumped to Rivian. They're up by about 4% right now. You jumped to Eli Lilly on their news. They're down by 1.6% right now for Eli Lilly. We jumped around to some of the fang stocks, Apple shares, basically flat. How about NVIDIA, 952 right now, up by 2.8%. They're on their way to be in the biggest company in the world, man, you're at $2.4 trillion. Now listen, Microsoft's at three, okay? Where are they sitting? Microsoft is currently down a half a percent today at 3.02 trillion, but just like that, man, NVIDIA, they're in the hunt. You catch them, they were just at 2 trillion folks. And I just told you, NVIDIA is now at 2.4, all right? They gotta do that only one more time and they're the richest company in the world with a market cap approaching 3 trillion. There's still 600 billion off that number, but you gotta remember, NVIDIA has 2.5 billion shares outstanding, so just today they added about, what, $60 billion to their market cap overnight. Absolutely remarkable. Now jumping back to Rivian, one thing I did read over the break as well that was interesting, so Rivian right now has a market cap, as I mentioned, approaching about $13 billion, okay? They have about a billion shares outstanding, pretty simple math. Companies trading at $1306, you're just under a $13 billion market cap. What's absolutely remarkable for NVIDIA, let me see if I can find it. They raised about $12 billion in their IPO. I'm not sure I can find it quick enough. They raised about $12 billion in their IPO, so imagine this company is worth barely the money they took in when they raised it for their IPO. That should be the bare minimum of what they're worth, right? You could bring a company to market, you raise $12 billion for an IPO, it better be worth $12 billion because the market just gave you $12 billion in cash when you went public. That's all the company's worth right now. They're gonna lose money for years, EV's got a problem with demand and now their recipe for success is pushing out vehicles at $45,000? What kind of margins are they gonna be making when they have an economies of scale problem, right? You don't start making money on cars that you're selling for $45,000 until you're producing many vehicles to disseminate those capital costs over each vehicle. Yeah, because my dad and I were talking recently, right? It's like, man, Rivian, they're losing like $40,000, $50,000 per vehicle that they're pushing out and that number's changing. Okay, I'm not sure if that's the current number, but it's pretty close. They're losing a lot of money per vehicle right now that they're pushing out. And it almost makes you say to yourself, hey, this might not be a bad deal. Maybe I should get in, they're spending so much money, but that's not exactly how it works because the capital costs when you're producing only 50,000 vehicles have to be disseminated over just the 50,000 vehicles versus if you're producing 500,000 vehicles, right? That's where the cost per vehicle dramatically comes down. Nonetheless, you get a little bit of a sell-off on the open worth, 13 bucks, you're up by 3.7%, but remember that one, okay? This company is worth barely what they raised during their IPO. That is not usually an indication of strength. Nonetheless, you jump over to Tesla. Tesla shares up by 810th percent, I'd be careful of this one too. EVs, not what they thought, what we thought they would be a couple of years ago as the market dramatically shifting, but we got S&Ps holding on to gains, NASDAQ rolls over to negative territory right now down by about 10 points for the NASDAQ and let's check in on yields again as you get the 10 year. Yeah, we almost give up that entire move. We check in on the two here and up slightly from where we were coming into that jobs number. So as I mentioned, Tuesday's gonna be the day, man. Put it on your calendar, CPI, 8.30 a.m. on Tuesday coming up. I'll be live of course at nine o'clock. The market's gonna wait for that one, man. It'd be interesting to see how we digest these numbers today. We'll have Monday as well and then Tuesday morning we get the CPI and that's where things kind of dramatically changed. If you recall when we got those numbers in February for the month of January, we had a really hot CPI. It kind of started a catalyst where maybe the Fed had a lot less cuts than the market was thinking coming down the line and so expectations are gonna be pretty lofty for a hot CPI number. Boy, if you ever see those CPI prices drop on Tuesday, watch out for this market, watch out for yields because that'll give the Fed the green light for at least three cuts this year and we'll see where that goes. I think we get dot plots as well for the March meeting coming up in 12 days. So it'll be interesting as you see the CPI number that we get on Tuesday morning, consumer price index from the month of February. Depending on what those consumer prices from the month of February show, the Fed is going to update their dot plots in March and assuming that we don't get a very hot number again, you're probably gonna be looking at three cuts in there, especially after this number where you have revisions of 167,000 on the downside, you get a headline number of 275, you get wages not going up as much as the market had expected and you actually have unemployment rising. So think about it, right? What do you have? You have unemployment rising, you have net ads, okay? When you take the 275, you minus the 167, you're talking about 108,000 jobs net added. 108,000 net added unemployment goes up to 3.9% and wages are now going up 0.1% month over month. You could probably make the case that the Fed has room to come down from the policy rate of five and a quarter to 5.5. What if they're to set 5.0% to five and a quarter? Probably still pretty restrictive in this environment. Stay tuned folks, we'll be right back. Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFNN empowers traders and investors of all skill levels with top-notch investing systems, strategies and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFNN, we bring the trading floor to you. Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. And remember, at TFNN, we're so confident in the value we provide that we are for a 30-day money-back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk. So why wait? Tune in live to Tiger TV and transform your trading journey because when you know better, you invest better. Join us and experience the difference today. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. 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They are not designed to track the underlying index or security for more than a day before investing carefully consider a fund's investment objective, risk, charges, and expenses contained in the prospectus available at direction.com. Read carefully. Distributor, foresight fund services, LLC. This program is brought to you by VistaGold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks, and just like that, we got the market trading to highs yet again. S&Ps back up by 15 points. You're pushing pre-market session highs right now, and that's basically an all-time high print for an intraday print. S&Ps up right now by a quarter percent. NASDAQ, not so much of the case. You're flat, Dow up by 65 points, nearing 39,000 in the Dow, and how about the Russell man catching a bid? Russell up by almost 1.4%, the Russell 2000, been underperforming dramatically, but boy, you got some volatility this morning as you're up by 1.4%. Bitcoin back above 69,000 within a stone's throw of all-time highs for Bitcoin. Crude hanging tough at 78.50 right now. We check in on gold up by about $10 on the session, but gold kind of right back to where you were on that 8.30 number for gold, and we check in on the 10-year. Yeah, just chopping around right where we were to begin the 8.30 AM time slot, 1.11.22, and really the movement was on the two-year, ZT, on the futures, as you're a little bit higher and you got the two-year trading with a yield lower by about four to six basis points, as it seems like we might be able to get some of those cuts, because boy, if you keep getting job growth at the same time that we see wages decelerating, that's the special recipe, folks, that's it. We just added 275,000 jobs. We have wages up 0.1% month over month. We have unemployment actually rising. I think you can make the case that five and a quarter to 5.5%, at least in the next few months, if the data continues to agree, will be appropriate. Because the last thing you want is those numbers to continue to accelerate, right? Because guess what? We were supposed to have wage growth of 0.2%, now we're at 0.1%. Well, you don't want wages going down, technically. Okay, you don't want jobs going down. The net revisions, when you add it to the job number that we got in February, I keep stressing it, but it's only 108,000, okay? So we're at five and a quarter to 5.5% right now. And the last thing the Fed wants is to delay and then you get the lag catching up and then you get weakness in the economy. And that is a different story. If you're talking about cutting because they're fearing weakness, that's a different story as opposed to being ahead of the game when you're cutting to avoid that weakness, right? We're not in the weakness yet, but that is the reason why they're gonna come off that 5.5% boundary because you are still in a fairly restrictive policy rate and yeah, we'll go from there. All right, we check in on some of the equities with action, Rivian trading up by 5.7%, as we mentioned so far this morning. And yeah, what else we got going around? Let's see. Yeah, we talked about that of course. This one's an interesting one from the journal. Talking about ride hailing, Uber, Lyft, et cetera. The latest delivery, more ads in your apps. That means more spending. Uber, Lyft, Instacart testing, different ways to show high margin ads to a captive audience customers have noticed. They're gonna be selling these ads in their own apps. I mean, Instacart's been doing this for a while. Uber expects to reach more than a billion dollars in ad revenue this year. Ads made up more than 20% of Instacart's revenue last year. So quite a number when you look at that one, man. Uber riders look at the app for two minutes during an average 20 minute ride. Two minutes, that is quite a number in terms of how often you're staring at the app for a 20 minute ride, right? Two minutes, 10% of the time that you're taking a ride in an Uber, you're staring at their app. Maybe to see how far away you are from the location, the stream where traffic is, and yeah, that is a lot of time compared with when you might blink and are on to the next thing on social media. Two full minutes, absolutely remarkable when you put it in that perspective, man. Uber, Lyft, Instacart, they're all gonna be selling ads. Seems like ads are the rage, right? You jump over to Uber shares, they're up by 1.5% so far this morning. You jump over to Lyft, there's a Lyft for you, up by 4.2%, you jump over to DoorDash, they're basically flat this morning at 1.3347, and what is it, cart, is that Instacart, is it? Yes it is, Maple Bear, yeah, Instacart. Doing business as Instacart, you take a look at Instacart on a longer-term basis, off the lows of 22 to 34, the IPO, and you hit 42.95 on that IPO. Maybe they have a path through advertising, but boy, it's a tough business for DoorDash. Excuse me for Instacart out there, specifically, you look at the longer-term chart at DoorDash, quite the acceleration for them, and then you look longer-term for Uber, man, check out that acceleration, right? And look at these, look at these accelerations, man, check out that, excuse me, check out that channel it was in, you break above it, what do we always say, right? You come back and you test the channel, and that's your potential buy point, and boy, it was quite a buy point, man. As Uber shares, this year alone, up from 57, you're trading at 80, 61, you're up another 1.5% today. As this market just caught another bid, man. S&P is at 40.82. Look at this run we've had since October, folks. Since October 23rd, the week of October 30th, you start the acceleration, we're up more than 1,000 points, and you're talking about only two red bars on a weekly basis. I mean, how many bars are we talking about here? Three, six, nine, 12, 15, 18, it is the 19th week, and we have only had two red bars. It cannot continue forever like this. You're gonna get some chop eventually. NVIDIA nearing $1,000, but each week, what keeps happening? We just keep trading higher. NVIDIA up another 3% today, 955.69 for NVIDIA shares as this market catches yet another bid, and we got Bitcoin. Within a few hundred dollars are the all-time highs right now as well. Goal continuing higher up to 21.78 right now. Silver shares back in the positive. Silver futures up by a penny to 24.58 right now, and it jumped to notes and bonds, as I mentioned, pretty much where you came into a 8.30 AM number, but slightly higher, with a slightly lower yield on the 10-year. We check in on some of the fang stocks. Apple up by half a percent. Microsoft shares in the negative by 2.10% right now. We check in on Amazon up by about a 10th of a percent. Jump over to Google shares. There's a lift for you. Google up by 1.4%. Quite a lift indeed to 1.3717. Meta's just been on a tear, and they're adding to it again today, up by 1.2%, $6.20 to the upside from Meta shares. We check in on some of the banks this morning. Check it out, JP Morgan. Quite a slide yesterday from 190 to 187. You're back to 190. JP Morgan up by 1.1%. Bank of America up by a full percent right now. Citi up by 7.10. The banks like these numbers, and trading higher with the market so far this morning. And it is quite a market. Look at that run in the Dow, man. That was up, what, 300 points from where you came into that 8.30 AM number. You back things up on the Dow on a longer-term basis, within about a few hundred points from all-time highs, 40,000 just hanging out there in the Dow. 20,000 just hanging out there in the Nasdaq 100, and we're sitting at near 50, 200 in the S&Ps right now. We jump over to the volatility index this morning. VIX. Now here's a head-scratcher for you, folks. Okay, we got a VIX above 14. Pay attention to this one, okay? We got a VIX above 14. You take a look at the VIX, which is the Volatility Index. This is based off the S&P 500, premium when you're talking about options, okay? As this market has just continued to rip higher, we're nearing 5,200 in this market. Look at what has been happening since December 12th. We have a series of higher highs and higher lows, and what is that indicative of? That is indicative of people paying higher prices for insurance premiums in this market. It's not usually the case, folks, okay? That we have a VIX that continues to stay elevated, and listen, this is talking about the context of where we are, where we've been. We're still sitting at 14, which is relatively low, but you're not usually setting higher highs and higher lows as the market continues to plow higher, which is what this VIX is doing right now. We're sitting at 14. You back it up to March 1st. We were near 13. Nonetheless, you get the S&Ps up by 22 points on a one-way trip to higher prices. One more segment, folks. Don't go away. We'll be right back. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. 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. TFNN.com, educating investors. The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFNN, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. They must have tool for every trader out there striving to find an edge in today's markets. TFNN newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk-free with our 30-day money-back guarantee. Just visit the newsletters tab on the front page of TFNN.com. TFNN, educating investors. 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. Welcome back, folks. We got green across the board right now, jumping around to some of the equities with action this morning. UBS, they are trading higher after Morgan Stanley upgrades them to overweight from equal rate, said a rise in investment banking activity. Investment banking activity, as deals are gonna potentially start surging yet again. You jump over to Broadcom. How about this chart, man? AVGO, is their symbol? Boy, they were higher on their numbers. They give it up, actually, down by 3%, but yeah, take a look at the longer-term chart of this equity on a weekly basis. Stratospheric, the one that this thing has had, man. 13.64, yes, this week you did hit 14.38. We're down by about 3% on that number, but boy, it's been quite a run for Broadcom, to say the least. You jump over to other companies with their numbers. Gap, GPS, out with their numbers, up by 4%, for the retailer, you drive higher after the hours last night at 21.50, still up by 4%, but the market gives it up a little bit on the open. You jump over to DocuSign with their numbers. DocuSign, up by 6.4%, not bad. Positive first quarter guidance. Yeah, that'll help you out, man. As they beat and they guide to higher territory, and boy, we're gonna see 5,200 in this market, I think, today. Look at this surge. 5,186 right now, S&Ps up by half a percent. NASDAQ 100, you're up by about 3,10% right now. We jump around to some of the other equities. Good old Caravana, it's not stopping, man. Up by another 11.6%, they get an upgrade from RBC to sector perform from underperform. Sighted a reasonable valuation and a favorable setup for unit acceleration. Nonetheless, man, you talk about a resurgence. Just the zero loan, look at that charge higher. From February 5th at 40 bucks, you're trading at $90 on Caravana right now. You talk about acceleration, man. We check around, we talked about banks. We jumped to New York Community Bank, put it back on a daily. You're well off the $1.70 spike you have, but you're trading at $3.68. We put it back to a 15 minute for some context here. You're kind of right back to where you were prior to that cash injection of a billion dollars. Remember, they lost about 7% of their deposits in the beginning of this year, so be careful. Folks, thanks so much for kicking the trading day off right here at TFNN with me. On Friday, stay tuned. We got live programming, Basil Chapman's coming up with the Tiger Technicians Hour. Have a great weekend. Have a safe weekend out there, folks. Look forward to seeing you back here Monday morning. Have a great one, folks.