 The following is a presentation of TFNN, the morning markets kickoff with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, company live from TFNN Wednesday morning just after 9 a.m. Eastern time. We got about 24 minutes to go until the start of trading. You got markets in negative territory, a little bit of a change of direction. We've had positive action almost across the board, almost made it to 4,200 within just about two points from that price level yesterday before you got a little bit of a sell-off. We ended the session at about 4,180. We just almost hit 4,150, right back to the lows of Monday, essentially, this market. We got some earnings, man. We got Tesla cutting their prices yet again. You're talking about on the Model Y, man, 29% is the number when you add up the few cuts that we've had so far this year. It's only April. You're talking about 29% on the Model Y. The Model 3, I think you're pushing a 15% cut. You got Morgan Stanley out with their numbers lower this morning as well. We'll jump over to all of it. We start things off with the markets, though, with the S&Ps. Negative by 6-10%, and it's been a slow, steady just fall. We had some type of positive action for 10 points between about 6 and almost 8 in the morning, but since then, it's been lower prices, man, with the S&Ps down about 6-10%, NASDAQ 100. We're down almost 9-10% right now, 13,083. We got the Dow off 3-10%, the Russell off about 7-10%, Bitcoin getting hit. Check that out, right? Under 30,000, to say the least, you almost got below 29,000. Bitcoin off 3.5% right now. Ethereum off a solid 5.1% right now. Crypto getting hit, 1981 for Ethereum. You got crude trading lower as well, 79, 60 on the price of crude. We got the gold contract rocking this morning. Down to 1980, when at 1993, we got some action in notes and bonds as well. You have a little bit of lower price, higher yield seems to be the trend, man. Right? You back it up to a week ago, man. We were at a 116 handle. We just got a 113 handle this morning on the 10 year. We got the 30 or negative by 18 ticks. At 129.15, we jump over to the dollar index. Dollar index was up to 102.20. We've fallen off a bit. Just when was that high? Yeah, I was going to say 87.15 this morning, 102.20. We're back to 101.87 right now in the dollar index. We're going to talk to our man, Kevin Hinks, coming up after the first break. We're going to talk to our man, Teddy Kankstatt, coming up at 40 past the hour as we do every Wednesday. Teddy's got a webinar, folks. We'll talk about it later in the program, coming up tonight. At 4 PM Eastern time, it's right on the front page of TFNN. It's a great day for that webinar with the action that we have in currencies. The dollar yields markets across the board. We'll talk to Teddy about that webinar at 40 past the hour, but check it out on the front page of TFNN, folks. Tonight at 4 PM Eastern time, you can sign up with a 30 day money back guarantee for his Tiger Forex report. Can't say enough, right? Action across the board in currencies and in markets. We jump over to the volatility index. The VIX this morning, pretty low volatility, man. We had 16.58 yesterday. We're sitting at 17.04 right now on the VIX. All right, let's kick it off with Tesla, man. This one's an interesting one. So Tesla, down about $6 from where it was yesterday. We jump over to the headline. Shares drop as Musk cuts prices again ahead of earnings. So Tesla has their numbers, I believe, tonight. Interesting, right? Didn't want to do it all at once, I guess. They cut their numbers. They cut the prices, marks down the Model 3 and the Y for the second time this month. This month, things are moving quickly, man. Investors expect reductions to take a toll on profit margins. I mean, they have to, right? They're not exactly reducing the cost to the same degree. So margins are gonna take a hit. You have the Model Y Sport Utility Vehicle down by 3,000. It also cut the Model 3 by 4.7% to less than $40,000. That's a pretty affordable vehicle these days, man. Tesla's stock falls almost 3%. As we referenced here, you take a look at the changes. The Model Y down 3, Model Y long down 3, Model Y performance down 3, and the Model 3 down 2. What is interesting though, as I referenced here, the base Model Y and the Model 3 can be had for 15, excuse me, the Y is down 29%. The Model 3 down 15%, just from where it was this year, man. Remarkable. And what's also interesting here is, is that Tesla kind of takes it on the chin here because they're the only vehicle maker that publishes their vehicles, vehicle prices on their website. Most of the time, right? I mean, we're all familiar, man. You walk into that dealership, get your spikes up on your shoulders and get ready to haggle. This is happening at every car company, folks, okay? You just don't see it because they don't publish their prices. You have discounts, you have rebates, whatever you have going on. And despite the second set of price cuts that they had early in March, Tesla delivered just 10,695,000 of the Model S and X in early March. That's the lowest since the third quarter in 2021. They got a demand problem right now, man. That's the bottom line. And boy, can you imagine if you had bought an El Primo Model Y SUV at the end of last year and by the middle of April, your cars were 30% less than what it was just three or four months ago. You just got hammered, man. To say the least, that's gotta leave a mark on you in terms of how you feel about the brand when you just got fleeced, but that's what's happening. And pay attention because it's happening to the other car makers, man. Forward, down a little bit with the market this morning. GM, down a little bit with the market this morning, not exactly indicative of Tesla, but every time you see these Tesla headlines, okay? Keep in mind that the other car makers have a different business model that allows them to not publish their prices. And think about that, right? Yeah, and I agree, man. Most people prefer not visiting that showroom. I mean, we should have some, I mean, there's a reason why they don't publish their prices, man. So take it for what it's worth. Nonetheless, you got Tesla shares down about six bucks to 178. We take a look at Tesla a little bit longer term timeframe. We put it on the weekly and yeah, you trade down early in the year to about 101. You make it all the way to 220 and just like that, we're back to 184, 178 right now. We got the lows of early March at 163 for Tesla shares this morning. We jump over to Morgan Stanley with their numbers back to a short-term timeframe chart. See, we'll pull up a 15 minute. Yeah, some tough go-arounds for these banks, man. We get the banks getting hit yet again. Morgan Stanley, now they were trading lower yesterday on the Goldman numbers, clawed back most of those gains. And then just like that, you give up about four bucks. Yeah, $3, $4 from Morgan Stanley. And let's jump over to Morgan Stanley. Top analytics expectations on better the expected trading results. That's one headline, right? But it's like, choose your headline sometimes. Profit slide amid investment banking, slow down. I'd stay with this headline folks. Bloomberg, maybe Wall Street Journal, New York Times business section. Stay away from CNBC if you can. You see the difference there. Net income slips 20% even as traders and bankers exceed estimates. The wealth business added 110 billion in new assets, but net income sliding 20% and the company's provisions for credit losses quadrupling to 234 million. Not really staggering compared to some of the others. 4.6 trillion is their wealth business. You talk about a number, man. Revenue 6.56 billion. Yeah, but nonetheless, not what the market wanted, man. Revenue from equity underwriting slumped 22% deal-making 22% while debt underwriting declined 5.8%. Mergers and acquisitions bankers also slipped, dropping 32%. Big numbers, man, these banks. Watch out, Morgan Stanley down. We got markets down, S&P down 22, NASDAQ 100 off 104. Stay tuned folks, we'll be coming back talking to our man Kevin Hinks from TD Ameritrade Network. 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. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, educating investors. 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. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos and data on the key markets that he's tracking. 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. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN, educating investors. TFNN has launched 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, the Tiger's Den, available to all tigers and tigerses for just $1 for the year. There's no catch or at 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've got a chart of Meta up here. So Meta, they're gonna begin their layoffs, yeah. Started its latest round of layoffs focusing on technical employees. Let's pull this one up real quick, taking a look. And boy, if you start seeing these companies fade, man, and I'm not, you know, over two round of layoffs in November and March, Meta said it would be cutting around 21,000 jobs. As part of Meta's layoffs announced last month, the company started saying goodbye to some of the people in the technical role. So they've already announced these, they're happening. Nonetheless, you got Meta trading lower at the market. Meta right now trading at about 214 from about 218 down about $4, almost 2%. Gonna be an interesting open, man. Market's trading right now down about 22 points. NASDAQ off about 105. Let's see how some of the fang stocks are trading. I talked about it, was it last week? Maybe it was Monday. I think it was last week I talked about on my program, folks, that seven equities have added almost 90% of the S&P run that we've had this year alone. They're all the usual suspects in terms of Apple, Microsoft, NVIDIA, Tesla. Meta was one of them in there. Maybe Google will have to pull them up, but it's all the usual suspects in terms of what's been happening there. But you start seeing some holes in that armor, man, and we're seeing it this morning, right? Tesla taking it on the chin. Meta with layoffs, still trading lower down about $4 on that number. We got the market trading lower as well. And yeah, you start seeing some chinks in that armor, man, watch out. NVIDIA shares up to 281 yesterday. We're about eight bucks off of that high, man. Market trading lower though, probably just getting dragged down to say the least. All right, let's jump to what else we have going on. Talked about Morgan Stanley. How about Netflix, man? This one was quite a roller coaster last night. If you didn't see it in the moment, folks, you talk about a roller coaster. Down to 292 and a heartbeat. They missed some of their numbers and they're gonna delay clamping down on the password sharing, which is going to delay the impact of that, which is increased revenue, maybe some more signups from kicking people off for sharing passwords. And they also stopped the DVD sharing business. Excuse me, pretty interesting that was still going around, right? Who's still subscribing to Netflix DVD sharing, but that business, it was still doing some numbers, man. By small business accord, it would have been a decent business probably before what Netflix is dealing with, probably just a distraction. And it is interesting when you think you go so far back, the flak Netflix took early on when they really made the shift away from DVDs. Do you remember when they first separated the ability to stream and the ability to just order DVDs? Because it was all DVDs. That's how they changed the world at first. That's how they took out Blockbuster, right? They just had the DVDs and then they incorporated some streaming. And then what they said is we're separating. There's gonna be streaming and there's gonna be DVDs and the whole world flipped out. They saw the writing on the wall, man. Don't be afraid to make big changes. Reed Hastings to his credit, he's made some big changes along the way many times and they've worked out pretty well across the board. So it'd be interesting to see where they go, but they're delaying some of what they're doing there and they delay the password sharing crackdown rule out. They post mixed results. And yeah, I imagine that's gonna have an impact but who's gonna be signing up, right? It's gonna be like, if you're sharing that account with somebody, are you really gonna have the impetus right now with the clamp down on the economy? Let's say your brother, your sister, your parents, whatever it is, your friend, they're just sharing your password with you. And Netflix cracks down, meaning it makes it more difficult, you can't log in. Are you gonna instantly go to their website and sign up? I don't think that's the case right now, man. It might be occasionally and they'll get some more business, but it's gonna be interesting to see how that transitions in terms of how many signups they actually get. The earnings top the estimates, but the revenue slightly below them, which is why you saw that escalation probably right off the bat. The algos took over, they crashed that thing down to 292, they missed on revenue. And yeah, you clawed it all back though, pretty remarkable. But guess what, this morning, you're already down $10. Now, you jump over to the analyze tab, you're talking about a move that was expected to be about $27 in either direction. So there was a lot of volatility priced into this equity coming into their numbers. You're only about $10 off of that number after spiking lower right on the number and put it back to a one-minute chart. It was a quick dive down within about 60 seconds. And then by about 445, you got it all back last night. Absolutely remarkable. I had some friends that were training it, and this is where folks, doesn't hurt to have some limit orders in there. Maybe sometimes you get some of those spikes, man. You got a price level that you want in some of these equities, doesn't hurt to position yourself because you never know when you might get a move bigger than you think. And if you're comfortable getting in that, maybe it's a longer term position. Yeah, you see how that can play out sometimes. Pretty remarkable. All right, jumping around to what else we got going on here. We talked about Morgan Stanley. We talked about Netflix. We talked about a little bit of Tesla. What else are we gonna talk about? Let's see. Yeah, let's talk a little bit of UK inflation, right? Hot inflation data in the UK. So they get a number and they come in hot in terms of where they are and you have yields rising. Where investors expect the Bank of England's policy rate to be in November. We've seen rising numbers to say the least, man, as their inflation continues to run hot, you got Europe trading lower this morning. Interest rates swap show investors now believe the Bank of England will raise its key rate to 4.47% at its meeting in May up from the current rate of 4.25, basically pricing in a hike. And investors also boosted bets on additional rate increases throughout the year. Swap contracts show the Bank of England rate peaking at around 4.96 in November, compared to a rate of 4.775. As I mentioned, folks, great day to sign up for our man, Teddy Kegstad. We're gonna talk about it when we talk to him at 40 past the hour, but just a quick glimpse. There it is on the front page. Check out the Tiger 4x report. We'll be talking to Teddy Kegstad in about 15 minutes, coming up at 40 past the hour. Now here's an interesting one about Apple I was reading. Did, it was not aware of this. And just a little FYI, the iPhone setting that thieves use to lock you out of your Apple account in the days of Apple privacy and everything that they're so proud of in terms of how they, the mantra of Apple, right? It's privacy and all this stuff. But boy, some of these stories in here, folks, and I can kind of relate in terms of, I got a young son that's just over two years old now, man, I got about 10,000 pictures in my phone that boy, I never wanna lose. And I've already backed them up and you should back them up. That's gonna be kind of the message of this because it gets a little technical in here. And the bummer of it is, is that not many people understand what you're dealing with here, but they go over one instance where you have one gentleman locked out of his phone since October. He'll do anything to get back in. And why? Because it holds eight years of photos of his young daughters. Isn't that, that's what rang true to me, man. I recently, so I have an iPhone 12 and I have 256 gigabytes of storage. And I think my photo library alone started reaching over 100 gigabytes. And so instead of storing it in the phone, I decided to back it up to the iCloud. But what I was worried about a bit is that you back it up to the iCloud, then it's not even in the phone. Okay, so it's not in the phone, it's in the iCloud. Well, then it's somewhere else. I better back that up myself. So I did back it up. It took almost like a day or two or something like that to back it up from my phone to my desktop to an external hard drive. And that's what you should do, man. If it's that important to you, back it up. That's the message of this article because you can do everything you want, but hackers, they can always find a way, man. So you wanna have redundancy. If you have, I mean, I only have two years of photos, eight years of photos, man, it would just be tragic. You can't get those memories back. And photos are the best thing to be able to just kind of relive those moments at times. Man, I look at them all the time on my son just because it's like, man, time flies. But what happened? It is phone stolen. This is an iPhone 14, top of the line, iPhone 14 Pro. We'll finish this up when we get back. But I'm not even aware of some of this stuff. They got a recovery key, they have your passcode, all this stuff, and nonetheless. Yeah, they're gone and they can't get them back. And Apple, not that much help in the process. Markets in negative territory. Gonna be an interesting open, folks. Stay tuned, S&P's off 23. We'll be right back. Building wealth trading in the stock market seems impossible to most people. They think it's too volatile and risky. Most people aren't going to take the time to educate themselves on how to do it right. But you're not most people, are you? At TFNN, you'll get the guidance you need to refine your strategies and techniques to invest like a pro, because you'll be a pro. All TFNN subscriptions, books, software, and courses are available at TFNN.com. And I'm even going to tell you how to get them for less. Use TFNN's Tiger Dollars, and you'll get up to a 20% bonus on your purchase. And once you apply them to your account, Tiger Dollars are automatically used for all future or recurring charges. Tiger Dollars also never expire, are fully transferable, and are a great way to add savings to your newsletters or services. Become the investor you were born to be at TFNN.com. TFNN, educating investors. TFNN has just launched their new trading room, the Tiger Zen, 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 Zen, available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger Zen, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger Zen at Discord is accessible on mobile or tablets as well. So it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis. And it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. We've got markets open. You catch a little bit of it on the open. You're up to 41.61, your 10 points off the low that we were trading at just within about an hour ago, trading at 41.50. Let's see how some of the stocks with action are trading. We jump over to Netflix on their numbers last night. Netflix down about 2.8%, not bad, considering the spike they got last night, right? Morgan Stanley catches a slight bid down only 3%, 87.29 right now. And we jump over to some of the Fang stocks. Apple shares catches a bid. There you go. That's probably the reason why markets spiking, man. 1.66 right now almost for Apple shares, barely in the red right now. We jump over to Microsoft, down about 2.30%. Yeah, 2.30% trading at 2.60, 2.86. We jump over to Google, down about a percent right now. Let's see how the dollar index is trading, man. Look at that. You run all the way up to 1.02, 222. We're back to 1.01, 87. We check out yields right now. The 10 year, down about 10 ticks, pretty much where we kicked off the program. All right, and I got to find that Apple article. Forgive me, because I was jumping around a bit. I hope I didn't close it. I hope I didn't shame on me. There it is. So what they talk about in here real quickly is that they have the recovery key. So I was not even really familiar with this. I don't think I have it turned on. But what happens is that you have a recovery key that was introduced just in 2020, okay? And it's protect users from online hackers, users who turn on the recovery key. A 28 digit code must provide it when they want to reset their Apple ID password. Now the problem is, is that if anybody gets your passcode, okay, they can immediately flip on the recovery key and lock you out, or if you already have the recovery key enabled, they can just generate a new one. You got to protect your passcode. A lot of times this talks about maybe in bars in terms of what happens. There was one instance in this article talking about a gentleman in good old Boston. Let's see if I can find that one. Yeah, here you go. iPhone 13 Pro was stolen from a Boston bar in August. The 24 year old said he spent an hour on the phone with Apple customer support, trying to regain access to over a decade of data. Each rep told him the same thing. No recovery key, no access. And he had never heard of the key, let alone set one up. So if you have stuff on there and you really care about it folks, just back it up. That would be my encouragement because photos in particular, right? We're all kind of so used to trusting all these big tech companies and you see it happen there. I mean, they got top of the line phones, man. iPhone 13's, iPhone 14's. You lose your phone, you think that's not a big deal. I'll just call Apple, we'll figure it out. I'm sure I can confirm that it's me. And no, it's not the case, man. It's a very difficult case actually, is what they say. And this is where they go through. Account recovery is a huge challenge for the industry. That's one executive director of some non-profit that governs security standards implemented by Apple and others. The main issue for tech companies is being able to validate the user's identities when they forget such information as their passcode, et cetera. And that's what your recovery key looks like. But nonetheless, pretty scary stuff, man, that you could just get your phone swiped and we know how it works, man, especially in a bar, right? Imagine people opening up their phones, they hit their passcode real quick, somebody behind them sees it, before you know it, they steal your phone, they enter your passcode, they change the recovery key and boom, it's gone. Just like that and you lose all those pictures, man. It rings true to me essentially, especially folks, just because I told you I just went through it and I actually had to go through a lot of trouble. And it was probably because I had such a large library, not often that you're gonna be backing up 100 plus gigs of data, but that's becoming more and more common, much more common. I mean, I put those photos on my phone, folks, just in the last two years, okay? And it might be the most photos I ever take in a two year period when you have a child. You know, I take a picture, I take 20 pictures and I choose the best one, whatever it is, stuff like that, right? You go through it. So I got plenty of phone pictures and I don't want to delete any of them because someday when I'm older, I want to go through that phone and look at them all. But it took a while to back it up. I could not get it done. I downloaded the iPhone photo app. I was trying to back it up to an external drive and it was just such a large amount of data that it was very difficult, but stay vigilant, get it done. Because yeah, you see instances like this, man, when things go wrong and you lose all that and there's no getting it back and it would be a bummer. All right, what else we got on the earnings trend? We got United Airlines out with their numbers, little bit of volatility, man. They were low last night, they were higher and now they're higher, up by 2.5%, even with the market in negative territory. They lost 63 cents a share. The market was looking for them to lose 73 cents a share and they had 11.43 billion, which is pretty much right in line with estimates, just a hair above what they were looking for in terms of the numbers. Let's see what else we got for equities moving this morning. Let's see, we got Intel, they're down a little bit. Looks like they're not gonna be dealing with Bitcoin as much. It tell down 1.6%. They announced that they'd be discontinuing their Bitcoin mining chip services after just a year of production. Interesting, not quite going the way they thought, I guess. Yeah, just looking what else we have going on here. Morgan Stanley. Yeah, let's jump intuitive surgical. They were out with their numbers. ISRG, I believe is their symbol, there it is. 11.11%, 11.11% for intuitive surgical. The company reported earnings of a buck 23 above a buck 20. Revenue grew 14% and they took in 1.7 billion versus 1.59% percentage wise. That is a huge beat, man, for intuitive surgical. What else do we got in there? All right, let's see what other headlines I had pulled up here. We talked about Metta. We talked about iPhone. Morgan Stanley. Yeah, we've pretty much talked about a lot of the main stories, man, as we come in. We're gonna get Tesla shares with their numbers tonight. Let's take a look at Tesla, see how they're trading on the heels of their numbers. Down 2.4% in terms of the cut that they had in the prices. We jump over to the analyze tab. You're talking about a move of about $12.50 for their numbers. We jump over to the earnings tab. Those numbers are today after the bell. Let's just see in terms of what we're talking about. So if you want action through Friday, you're talking about about a $14 implied move in either direction. Not that bad for how Tesla moves sometimes. You're already down $4.40. But this car deal, man, as somebody I've talked about it before, myself, I have a BMW coupe right now, probably in the market for an SUV at some point in the near future. Tommy's only two right now. He's not really doing enough to require a huge vehicle just yet, but something I'm probably gonna need as he definitely gets into the ages where he's having more activities, maybe playing some sports, gonna get him a big hockey bag with all his equipment once he starts dominating hockey in the state of Florida. And I am in no rush at all to be buying a vehicle of any degree. And this is not just electric vehicles, folks. You're gonna see this play out. Elon Musk go crazy that he has to publish his prices when all these other vehicle makers just put out rebates and incentives and stuff like that, which kind of disguise how bad things are in terms of how they're having to cut prices to shore up demand, but it's happening. And so that's indicative of some tough deals going on across the board. Yeah, Minivan, we'll see if we go Minivan. We've talked about it before. Yeah, I tell you, man, the ideal car, if you're looking for a car, but talk about expensive in the days of inflation, man, that GMC Yukon Denali, GMC Yukon Denali, oh, they're so beautiful. But dollar for dollar, I talked about it on my program back. Kia Telluride, if you're looking for a three-row SUV, if you want captain chairs in the second row, the Kia Telluride is probably your best dollar-for-dollar SUV, three-row vehicle. You got captain chairs in the second row. You got a third row as well. Maybe Kia can send me some rebates as well. Great vehicle, man, and some I'm looking at as well. Stay tuned, folks. We're coming back with our man, Teddy Kegstad. We're gonna talk some forex and talk some webinar tonight. We'll be right back. 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. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's daily market newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, educating investors. Will the S&P 500 continue to climb for bold trades on U.S. large-cap stocks in either direction, trade SPXL, SPUU 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 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 fund 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. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks, we at the Dollar Index right now trading at $1.0190. We're gonna talk to our man, Teddy Kegstad and folks head on over to the front page of TFNN. You can sign up for the Tiger Forex Report right now where we talk to our man, Teddy Kegstad. It's $97 for the month folks. He's got a new issue out every Monday with updates throughout the week when warranted. You gain access to the webinar tonight. It's a 60 minute webinar, we're gonna talk about it right now. That will be archived. If you can't attend tonight, it's usually archived by tomorrow morning. You can check that out when you like. And he's also got another webinar up there that he just did in October. You gain access to that as well talking about the strategies and fundamentals. There's an instance of what you're looking at. What is behind the Tiger Forex Report? So you gain access to that archive. You get access to the newsletter. You gain access to the live webinar tonight. Can't go wrong folks and boy, we got quite a market for it. Teddy Kegstad, good morning. Good morning, Tommy. Why don't we start off a little bit about the webinar, Teddy, man? What you're gonna be talking about for subscribers? We got quite a day, man. These markets, they're rocking the dollar index. Pretty dramatic moves in both directions recently. What are you gonna be talking about to subscribers tonight at four o'clock for the Tiger Forex Report? Well, today, especially with the inflation number for the UK that plays into a lot of what we're gonna be talking about in the webinar. One of the topics is gonna be the central banks with their forecasts for them moving forward over the next quarter, next three to four months or so, and also a lot of the geopolitical things that are coming into play also. A little bit about the bricks and stuff like that as well. So yeah, we have a great day for the webinar, especially with the way the markets are reacting off of the news that came out from the UK today. It's pretty awesome. I know we talk to you every Wednesday. It seems like Wednesday is a great day to talk to you, man. Whether we're getting Fed Day, whether we're getting inflation data, whatever it is. We got markets moving for sure. Where do you wanna kick things off in terms of taking a look, man? We got some action in crude. We got yields. We got dollar. Where do you wanna start things off as we jump around? Well, there's a lot of cool things to talk about. With crude, I think we've had this big pop. You got a big gap in the oil market. Typically, there's no trader adage that all gaps get filled. Doesn't mean it's gonna get filled anytime soon. Maybe not, but I think that's kind of what we're working on right now is there was a, remember when the crude first exploded when the OPEC did their, basically put in a floor at 75. This is something that, the markets always react very quickly on news like this. I think it was a little overdone for one. So I think you're gonna probably see the market try and hold back around these upper 70s for a little bit, for as far as oil is concerned. When it comes to the Treasury bond market, that's something that's getting very interesting because we've had a nice pullback in that. Today, the bonds are down a little bit. Yields are up. This is helping to keep the dollar a little bit strong versus some currencies. And it's kind of funny with the reaction off of the UK, as far as Europe, you have a mixed bag of goods. You got the Euro-US dollar that's down. You have the pound that's up. You have the US dollar, Swiss, which is up today. So there's a lot of divergence going on as far as many of the currencies, which is something that we've been talking about for a while. And I think that that really plays into a lot of these factors that are driving these markets and these trends that I've been talking about how the dollar index is, it's always a good gauge overall for many currencies. It's a lot of times it'll basket all of them. But now we have such diversions that you have to use the dollar index accordingly. And I think it has more to do with the Euro and a couple other currencies. And it does, for instance, say like with the US dollar, Swiss, and also some of the other lesser major pairs. For instance, you have the Australian dollar and the New Zealand dollar, both, which have come into basically a sideways trade with everything that's going on right now. And I think you're gonna see that that's gonna remain. And that's one of the reasons why you're not getting the overall true trends in the Dixie right now. And that's something that I think is gonna remain for the next few, three, four months ahead at least. And especially what's going on with Europe, there's divergence in Europe. You have Swiss strength and you have weakness in the pound and the Euro. Today, you're getting a knee-jerk reaction in the pound because obviously the Bank of England is gonna be aggressively trying to fight inflation by raising rates. But at the same token, they're also buying our treasury bonds. So to short out the banking market. So they're in a bit of a dilemma there. So I wouldn't expect a lot, a very big move, especially with bullish strength. And the pound I think you guys gotta watch. We had a sell signal in the pound last week, which coincided with the dollar index. When you have multiple markets that have signals that go in tandem, you really gotta look at those inflection points. So meaning like the move that was set off of Friday's high or low, depending on which currency pair you're talking about, how that reacts. And if that is establishing a true trend, we're gonna find that validation over the next few sessions. Like I don't know if you have a pound dollar chart to look at. But if you look at it. Okay, so last Friday, we had a bearish and golfing line sell signal. The market went down on Monday and then Tuesday and today we have it higher, especially because of the reaction to what's going on with the inflation numbers. So the high from Friday is key. So not only is that sell signal remain intact, if that high stays intact, meaning that we probably have a good chance of seeing the pound get down to the dollar 23, dollar 22 level. And if it does so, it's not just that sell signal that is reinforced, then you have a head and shoulders. Cause if you look at the chart right now, Friday's high was like the head and we came back down and now we're making another shoulder. So if the pound takes out the high, well, obviously the head and shoulders does not happen. Okay, and that means we know that that is a good breach level for pressing through resistance. So I'd be very careful if you're short, don't try and fight that move above those highs and may only just take out the high by a little bit. It could also be an explosion point. When the pound gets volatile, it doesn't move like 20, 30, 40 ticks. It moves like three bucks. So I mean, that's something you have to really take into account. And the same is also to the downside. So if you take the low from Monday and then you take the low from like, I think it's like, was it last Tuesday or something like that? You draw a neckline there, there's your head and shoulders pattern to watch out for. So that's not a much of a break, you know? And if we can take that out over the next couple of sessions, especially going into the weekend, well, then I think you're gonna have a nice corrective move where you can see that pound definitely get back down probably to that $1, $23, $22 area. That's nice. And what do you think? Just going a little bit big picture and that's great analysis, man. I love how you break down each individual pairing because I mean, I myself even, I get caught up in the dollar index and I love how you break down the influence, you know, of the different currencies right now and how there is just divergence across the board when we jump through each chart, man. It's pretty staggering. What do you think of just the general conversation, Teddy, about, you know, we're probably approaching the area that we're gonna pause on the Fed, whether it's one more hike, maybe it's two, maybe it's three, right? I mean, I don't think they're gonna have to go to seven or 8%, so we're probably approaching it. And meanwhile, we have inflation heating up overseas. Potentially, at least they gotta beat today and that those central banks are still gonna be facing some heat there. I asked that in particular because we got the dollar index, man. It's been quite a pullback from 115. Do you think the market's gotten even ahead of that move? Because we're almost back to when the Fed started hiking, which is just remarkable when you think that we're back to where we were when we started hiking. Meanwhile, we're still hiking. What do you think of that kind of conversation? I'm trying to do that in my own head, saying, you know, is the market already ahead or could the dollar be facing a lot of weakness if we start to pause and then you still have, you know, Europe, and I know I'm bringing it back to the dollar and you've told us that there's divergences. But what do you think of that kind of conversation? I would love to hear what you have to say about that one. I think the consensus is ahead of themselves and I'd be very, very cautious on trading off of that kind of information. I personally think the Fed's going to be raising quarter points for the rest of the year, most likely, especially with the, unless there's a major shift where the inflation starts to really drop globally, you know, and I don't see that happening, you know, so. Well, Teddy, I appreciate it. We'll leave it there because I know you got a lot to talk about tonight as well at four o'clock folks, please check it out. Teddy, thanks for the time, man. And I'm going to be in there as well. I look forward to it at four o'clock, man. Got some good stuff tonight, Tommy. Awesome. Thanks so much, folks. Check it out right on the front page. You can sign up during this break. You're not going to want to miss tonight. We'll be right back, folks. EFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. EFNN 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 tigeresses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tigeresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. So it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of 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 and 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. 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. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement that 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 Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. S&P's right now, negative by about 21 points. Please, folks, check it out. You can't go wrong. Sign up for the Tiger Forex Report in the front page of TFNN right now. It'll take you a minute to sign up. You'll gain access to the webinar with our man, Teddy Kegsdad, at four o'clock today, and it will be archived. If you can't attend, he's got a great plethora of knowledge in there, and there's so much of this market that's dependent right now on yields, currencies, the dollar, as we all know, right? And I'm gonna finish it up with this one, man, because it's ringing in my head again. I was talking about it yesterday, but it's pretty interesting where we're sitting at, right? We are sitting exactly where we were when the Fed started hiking, back in March of last year. And it would just be absolutely amazing if that's where you kind of traded lower from as the Fed came into an area that they are going to begin pausing from. And boy, if we ever get hikes across the board this year, you better watch out, folks, but inflation's raging. I'm surprised there's not more discussion of the Fed needing to do more. I mean, you only have to go back to March 7th, folks, March 7th, that's when Chairman Powell was in front of Congress, and he said, hey, we're gonna have to go higher than people think and higher for longer. He was saying it. Well, he got sidestepped two days later by a banking crisis that kind of wiped out everything he said, but keep it in mind, because inflation's still there. Core inflation, which is what the Fed cares about most, is still there to say the least. And technically speaking, man, we are at a critical area. And you see that bright blue line on this chart, folks? Critical area in the S&P sits just about, just below 4,200 is what I was gonna say. Where you put it on that chart, we'll see. But what have we done? We've traded slightly below that number, slightly above, excuse me, slightly below. And yeah, we have not gotten above it. And the only time we got above it, since you broke through it about a year ago, you got through it in August of last year. You made it there by about five days, and then the market traded down 20% over the period of two months. So we're at a technical area, inflation's raging, and we got inflation raging everywhere, man. So we'll see how it plays out. Folks, thanks for starting your trading day with me. Stay tuned. We got our man, Basil Chapman. He's coming up next. We got our man, Steve Rhodes at 11 o'clock, fast market at 12, Larry Pezzavento doing double duty. Tom O'Brien live from three till four, and our man, Teddy Kegstad live from four till five with a webinar for Tiger 4X report subscribers. Have a great Wednesday, folks. Stay tuned for Basil. I'll talk to you tomorrow. Have a great one.