 The following is a presentation of TFNN now, toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Trading Hour. Now, Tom and Tommy O'Brien. Welcome, folks. Appreciate you growling a problem with us out here. Our industry is up five, Nasdaq down five, S&Ps flat. Gold contract of $2.70 straight and at 14.66 an ounce. You get silver flat, $16.87 an ounce. Light sweet crude up 39 cents, $57.51 a barrel. We'll get those numbers this morning. 11 a.m., that's right. And you know what? Guess what, folks? If oil can't move and you get this cold front coming across. The rest of the nation is frozen in an incredible way. Notes and bonds. You get the 10-year up, 10 ticks, $129.07, the 30-year up, $26 at $158.14. Notes and bonds refuse to die, folks. They're back in the higher range again. You have volume coming in them. Bottom line, higher price, lower yield coming at you once again. King dollar. King dollar flat at $98.370. Euros at $109. The yen is at $108.67. The pound is at $128 to one U.S. dollar. And needless to say, which one do you want to go to? Want to go to Walmart or want to go to Disney? Disney from yesterday. Boy oh boy, right? Talk about some numbers, man. Disney plus 10 million subscribers as of day one. And they were signing people up for a month or two or three ahead of time to put things in context. The stat I heard most startling, HBO Go took four years to hit that number. Pretty amazing. Let's go over to our man, Mr. Kevin Inkx, the TD Ameritrade Think of Swim as we do each and every Tuesday, Wednesday, and Thursday. And folks, don't forget, come over to our website at TFNN. If you haven't test-driven yet the Think of Swim platform, outstanding platform. You want to understand option, option strategies, futures, defined, risk, all of the above. Very easy to do. Hit the banner. Ring it up. You'll get a lot of paper money. You can follow Kevin as seen every trading day right here. 11 a.m. Eastern Standard Time. Kevin Inkx, are you watching Disney yet? Good morning, Tom. Good morning, Tommy. Hey, I've spent my whole life watching Disney. So there's no one that doesn't think about the number of people in this country. And then the number and the percentage of those people that have some attachment or connection to Disney in their life. And it's pretty much all of them. I was going to joke. I was like, isn't it 100, Kevin? Are we at 100? It's probably not, but it's pretty close. I agree. Tell me someone that hasn't watched, you know, Namier's Youth and The Time of Your Youth. And everyone has that Disney movie that they saw. Mine, Jungle Book. I love it. Yeah. That was the big movie when I was young. Oh, yeah. It was Jungle Book. You know, it's so cool, man. Like, I was really thinking, I know this is like, well, I don't know if it's bizarre or not, but just like you at Jungle Book, I'm saying to myself, man, I'd like to watch some of those movies when I watch as a kid. Oh, yeah. It's a sad day afternoon. Do you know what I mean? They get the whole library, man. I mean, I haven't seen them in 50 years. Exactly. Yeah. Yeah. And it was, you know, this is, here's what I think. I think Disney is a company. When you start looking at everything they have to offer and you start looking at the money that they can spend and the distribution channels that they have. Yes. Disney is one of those that set up, you know, the good news is for this industry, there's going to be more than one winner. Yeah. You know, this is not binary, right? Right. It's not one winner and everyone else loses. There could be, people are talking about up to three or four, like 3.8 devices and up to $42 a month. People are willing to spend. Seems feasible. Easy. Yeah. That's less than what they're spending on cable. Right. It's a huge savings. You just want to be one of those people. You want to fit into that. You want to get your niche in there and those companies will do well. Is Netflix going to be one of them? Yeah, probably. Yeah. Right. So it's just a matter of who wins, but Disney has certainly set themselves up to be one of the winners. No doubt. It's tough. I mean, who else can compete, though? Is it Netflix, right? No. For sure. You've got Amazon Prime. Not on the Broadway. Not with live sports and news. Who's got live sports and news better than Disney? Yeah. That's the one thing that I agree completely, Kevin. You know, I'm going to sign up for the bundle. Right. I said, you know, live is the one thing that you'll never cancel. Right. I might start cycling my Netflix subscription. You know, you binge for a few months. You take a couple off and then you let the shows build up. You binge it again. You can't get it with live programming, which is ESPN. So where does that go? Right now. The thing about it, when 21st Century Fox sold their portfolio to Disney, what didn't they sell? Sports and News. Yeah. Right. Right. They wouldn't let go of it because it's smart. It's the future, yeah. Because that is what, yeah, you know, you can archive friends and sign files and cheers and whatever you want, but you can't, you can't, you know, put NFL football anywhere. No. Nobody watches last week's games next week. Exactly. Exactly. Yeah. So I mean, they are well positioned. Yeah. That doesn't mean there's not going to be, it's not going to be a long road. Yeah. These things are, they're not going to go through some competition and things like that. Now Walmart, right? Walmart. They talk about well positioned. Oh my God. These numbers, man. Yeah. Their growth online folks is 46%. Amazing. And you know what I realized, right? I guess I should have realized before, but the reality is, is that Amazon Prime is $119. Walmart doesn't cost anything. And they were talking about this morning that they don't have as much for a one day delivery, but they have all the essentials in one day delivery. Okay. They don't pay anything. Right. So, you know, you can see that, that's a big number, man. Yeah. Yeah. I mean, and everyone can look at the earnings per share was good, revenue was good, but it was that e-commerce growth that is really telling everyone that Walmart is not only here to stay, but they're winning in many ways. They're winning this competition, I think. Yeah. Yeah. And, you know, they're talking about the, Simone and Kevin, they said, it's not that they're opening more stores now, either. What they're doing is that they're doing their stores over and they're concentrating on that online and they're using their stores, of course, for the delivery to the last mile. Right. And that's where the fight is about, right? Yeah. The delivery to the last mile. Yeah. How many times have you and me and Tommy sat here and talked about the back of the stores are getting bigger and the front of the stores are getting smaller? Yeah. Same thing is going to happen in Target, right? Yeah. It's like Target's going to probably do better when it comes to Christmas because of their toys and their a little upscale, more upscale clothing. So they're going to have a great Christmas. Well, you know, it looks like with everything that's going on, the U.S. consumer is good, but that doesn't mean there's not winners and losers in retail. Yeah. Clearly one of the winners. And I was just going to bring it up. We had the Target chart up before you even mentioned it, Kevin. Yeah. Target's a big one. Up almost 2 percent. So the market's taking note that, you know, those big box retailers, man, they're here to compete in a big way. You can almost make the argument that Target's in the best position because store name recognition, to me, brand is like huge, right? Yeah. And then, you know, Amazon, you still think only online. Yeah. You know, Walmart, you're still thinking, you know, bricks and mortars, but Target, you know, when you walk into those stores, they're beautiful. Discount retailer. Good brand. Right. For sure. Right. Pretty amazing, man. There's just so much going on. Yep. So today, NVIDIA and JD.com. Oh. We're going to look at those today. More online sales and obviously NVIDIA is just one of the main stocks that we look at. So we'll have some fun with those two things today for sure. Yeah. Big time. Folks, right here, every trading day, you want to understand option, option strategies, futures, defined risk. Bottom line is that, you know, in the year 2000, 92 and the S&P 3100 always wants to get hit again. We'll see where that goes. The VIX is just laying there. It's a brave new world, I think, Kevin. It's, you know, pretty wild, man. Listen, you have a great weekend, a safe weekend, and we look forward to show in 45 minutes. Kevin, thank you so much. Always good talking to Brian. Have a great weekend. You too, Kevin. Thank you. Thanks, man. Stay right there, folks. We'll see you in 25 minutes. Have a great weekend. 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Details on The Tiger's Den are on the front page of TFNN.com. Live in high definition or just accessing your newsletter subscriptions, we even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com educating investors. Call now toll free at 1-877-927-6648 internationally at 727-873-7618. Folks, Dow is up two Nasdaq's down eight S&Ps are off one and a half and let's get over into that weed business folks, okay? So the bottom line, canopy growth, they're blowing their brains out here. You want to pull back, talk about, you loved it at 59, you'll love it at 15. It is. 15-55, you're down $2.92. We're all the way back two years ago. That is remarkable when you think about, we're just at the forefront right now it feels like, well, we're, get to erase two years of growth. Right. So, you know, this is pretty intense. It is. I mean, so you get a couple different breakout areas here on the way up folks. And the first part that I'm at right now is December of 2017, 1537. Now, if you take a look at this, when I take a look at this, it's like, okay, hold it. No, this is going to be a small ABC down. You know, the eight point on this is 28, 89. Your B point is, oh my God, 17, 89. That's 11 points, right? Yes. That sets up, listen to this, that sets up an $11.58 stock price. And that means that you can pull back to the next breakout area, which had been November of 2017. And that's really where the widest bars started to rock. Yeah. You look at all these bars, these weekly bars we're looking at, you had very little volatility. You did go from under $5 to above 11. But you never quite had the price move that started in November of 2017. And was that when Canada legalized federally? I believe it may have been. I'm just guessing it's been two years. It's a patience deal here, folks. Yeah. And the number is they basically came in with a monster loss. They did. Now, they beat on revenue, though. And that's where, you know, if you're a long-term buyer, I haven't even dug into the numbers, right? Yeah. But if they're growing their revenue, if you're a long-term buyer, let's see. Yeah. Lowest level in two years. So the revenue, well, I was saying the revenue that missed the lowest analyst estimate and a loss that, yeah, the loss was the big deal because they had charges in there you talked about. They're having returns, I guess. Yeah. They have a very lenient return policy. And they're saying that the oils, and I guess they sell caps, and that has been a big problem. They're not selling as many as they thought in the return on that, basically, you know, they just have to take a hit. So let's get into it. Canopy took a restructuring charge of 32.7 Canadian. That's about 25 million U.S. for returns, return provisions, and pricing allowances. These are primarily related to its portfolio of soft gel and oil products, which haven't been selling as well as expected. It also took an inventory charge of 15.9 Canadian million to align its portfolio with a new retailing strategy. We do not consider this type of adjustment to be one time as it reflects returns and new pricing architecture and package assortment ongoing, one analyst said at MKM Partners. The magnitude of the EBITDA loss was astounding. Canopy's excessive and equity comp policy was responsible. So equity comp policy. Overall, fiscal second quarter net revenue, 76 million Canadian, well below the estimate of 102. And a loss before interest, I mean, just huge, man. 155 Canadian, they had been looking for 96. And they're saying that we took the necessary steps to address inventory levels on our oils and soft gels. Looking beyond this, the fundamentals are strong. CEO Mark Zekelin said our retail store sales are growing on an overall. We go into the description. Yeah, I just want to see like the market cap right now what they're getting valued at. $5.3 billion company. Yeah, I mean, wait, it's still a monster number. It isn't much. No, so it's intriguing, right? Then my head goes though, not a huge number if they come out to be the biggest cannabis company right in Canada, right? Because I imagine in two, three years, I mean, who's bigger than them? I believe they're still the biggest. That's right. So I imagine in a few years, right? The biggest Canadian pop producer should be worth more than a few billion dollars. You know, that's all I had. I'm just thinking fundamentally, you know, now they don't have a PE because they're just burning cash flow. So that could be where you run into a problem. They were buying the smaller companies, right? What's their debt structure look like as they're just burning cash? There's a lot out there. But man, oh man, you would not expect a pullback. And what was the what was the high they were up to? I think it was 59. And see the cool thing about canopy folks is that just it's going to be more patience. But that's a high volume high. So that will get tested at some point 5925. I wouldn't have expected a 75% pullback. I would have expected a pullback because things got a little crazy. Yeah, in August of 18, right? To put things in con in context. That's when we had till Ray, you want to talk about all pullbacks? Yeah, of epic proportions. Because I pulled them back probably still down this morning. Down another 65 cents today, you put this on a 22 year to bring it back to the same level exactly 300 on the dot. And that's September of 18 August was what we were just looking at. So right around the same time. But till Ray, the remarkable thing is we're looking at a weekly, you're talking about from September of 18, all the way even until January of 19, you're still above 100 bucks, right? And now you're under 20, 20 bucks. Yeah, huge, huge. It's got to run in Denver, Colorado. What's going on, right? Good morning, Tom, Tony. I mean, Tommy, I was looking for some advice. I own 300 shares of Amaran AMR and then I've got seven calls on a spread that expires in January 1725 spread. They stopped trading this morning. I just wondered how what's your experience when they stopped trading? Last time I was in this thing before it ran up to 23 and I got out about half my position. Okay. And then the company did a secondary and knocked it all the way back down. And I got back in but I'm just that's what I'm afraid of it runs up, they'll do another secondary. Okay, so the reason that they stopped trading right now folks is that they're in front of the FDA meeting today. So they'll come out with the decision. And you know, if it's not today, most times it is if they stop it like today, most times these are going on right now, bottom line after the market closes, they come out with the decision, they tell the public what the decision is. Yeah. And they may just I mean, they could announce it midday, right? It's just so I think the news doesn't sneak out of that meeting. That's right. Everybody's aware. Right. So to dig into it, I guess it has to do with their drug Vasepa Amarin's fish derived cardiovascular drug. The committee will be discussing the application to extend the label to kind of extend what it can be used for marketed for now approved to reduce triglycerides so it can be prescribed to prevent cardiovascular events like heart attacks and stroke. Opportunity is tremendous the article sites. And one of the analysts projects peak sales of more than four billion a year for that drug if the label is expanded. And so I guess they they left 23% on Tuesday after the FDA released a briefing document for the meeting. Okay, so there's already been some and that's maybe why they said okay, there's already been a little craziness around this, we better make sure that we contain, you know, the unfair advantage of news sneaking out. Yeah, so looks like you're going to be in pretty good shape, man. I mean, this but what I'm afraid of, you know, runs up there and they do another secondary and knock it down. Yeah. Would you sell the stock or do you since I have options? Should I sell the stock into the strength? Well, I shall have should I just stay right there with us. Alright, stay right there. We're coming right back folks. Our phone numbers 8779 276648. And market wise out here on fact that we get natural gas. Yeah, we'll be coming back at 1030. We'll find out those natural gas inventory numbers. Oil at 11. Oil 11. Dow, Dow's down 9,000 up 10S3 is up two and a half of company. Hi folks, Tom O'Brien here. If you'd like to get my daily newsletter of Market Insights, then now is a great time to sign up for a 30 day free trial. Every morning by 930, I send out my morning letter to subscribers with market commentary on a variety of markets, currencies and commodities to keep investors up to date on the day's trading action included in Market Insights a specific buy and sell recommendations for stocks, ETFs and even options, which stops and price targets included for every trade in my newsletter. If you'd like to try my news at a risk free for 30 days, then head over to the front page of TFNN and you'll find market insights under trading newsletters. I use my years of trading experience to bisect and dissect the market every morning and give my subscribers the most important information they need to know for the day ahead. I even issue afternoon updates for my subscribers whenever warranted with important market action. I'm always scouring the market for the next great trading opportunity. 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And if you'd like to see the type of newsletter he delivers every morning, then visit the front page of TFNN and you'll find the path of lease resistance under trading newsletters. For all the details and to start your 30 day free trial today, log on to TFNN.com now. TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best selling book, The Art of Timing the Trade, your ultimate trading mastery system, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first of its kind program, the Art of Timing the Trade Chart allows you to scan thousands of stocks for Fibonacci formation setups, including guardleys, ABCs, butterflies and much more. 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Some as in CEO selling 500,000 shares were $10 million. What price approximate? He sold them on the 11th, so it was before the two-day pop-up we just got, but you're still talking about selling them at, you know, whether it's $17, $18. November 11th, oh. Yes, just two days ago, exactly. And you also had the chairman selling 40,000 shares. Now, to put it in context, the CEO still has two to two and a half million shares left. He sold about 500,000, so he still got 40 to 50 million dollars of equity in the company. He sold maybe 10 million, but I was saying, if I was going to sell, say, half of mine, what price would you suggest I put in now? I would put, your last high up here is $23.91. I mean, let's see, so if you put. I want to make sure I sell. Do you think $23? Well, what it is, is that what you don't want to do is this. See, the news is going to come up, right? So if it turns around and you got a sell-in at $23, well, the market itself, once they open, is going to take yours out first, even if it goes to $35. I agree, but I still have half of the position and I still have my options. Yeah, but why can't you wait just until the news is out and then sell it that second? You see what I'm saying? Then put the order in. Okay. Yeah. That's, you know, kind of where. I mean, you don't know how high this could go on that news, Ron. You know, I mean, it could pop to $35, like you're saying in a heartbeat and it'd be a shame that they just pick you off on the way up, even though they know that that's not a fair price on the news. Right. Because once, because they'll, so what I would do is that, yeah, I'd move, I'd be prepared to move this thing out and set it up on your screens, particularly in the option market, okay, that you have those bids in because if it's a, if it's a big number, well, what ended up happening would spike to a big number and I think it pulled right back. Yeah. You know what I'm saying? And I was, they buy it, buy the rumor, sell the news, right? Right. The rumors out there, if they actually get it, I would, I mean, there's not, that's going to be the peak exuberance maybe. Because they're still going to need money. Because it saved my gal's life. Wow. She had triglyceride levels. She got real sick. She went in there, her triglycerides were 2,300. I told her about this drug getting approved. She went and asked her doctor, her doctor said, I've never heard of it. He said, but it's approved, so I'll give it to you. In, in a week and a half, her triglycerides dropped from 2,300 to 230. Wow. That's pretty cool. And what is a triglyceride? How does that work? Well, triglycerides, they killed, they're, they're, they were even worse than strokes. Really? You know, I mean, that just, it's like a, I'm not sure what the triglyceride, it just, it's in your blood artery. It's like a high cholesterol and high triglycerides, but triglycerides are even worse. Okay. Okay. It's in your blood. It's in your blood and it's even worse than a stroke. Yeah, that's pretty intense, man. Yeah. And, and, and if it's over 2,300, over 200 it's considered bad. Over 500, 700, it's serious. Hers were 2,300. She was really feeling bad. And she took this thing and dropped down to 230. That's so cool, man. Now that was after about a week and a half and that was a couple months ago. Yeah, that's a big number. And she's been feeling great ever since. Yeah. So, the doctors, the doctors never even heard of the drug. She had to ask him about it. Yeah. Well, there you go. You know, so. So anyway, it's works. It's just a matter of what is it worth? That's right. I mean, the way that I would look at this and even Tommy, when we were talking, you know, with the commercial, you know, it's not that the CEO sold a lot, 500,000 compared to what he has, but the reality is if he thought that, you know, the bottom line is it's just like the story that you just related to us, right? If, you know, you hear that type of story and it's like, okay, if we're going to do numbers, why would you sell anything? Why would you ever? You know what I mean? Yeah, that's what I'm saying. He sold some. I better make sure I at least sell my stock hold on the options. Because what does happen here is this, it's still losing money. It looks like we're going to need more money. So they may do another secondary or a third out there. Do you know what I mean? Yeah, that's what they did last time. And I imagine they'll do it again. It was just at three dollars 14 months ago. So, you know, you get one more pop in there. Maybe, maybe that's what the CEO, you know, decided to pair some of that. Which would make sense. Even if he fully believes in it. It just might be priced in somewhat. Right. Yeah. Right. Sure. Okay. They got approved last on December, November, December, they got approved. It's out of Ireland and no one's heard of it hardly. Quite a drug. It's awesome. That's awesome, Ron. Okay. You have a great one. A safe one. Appreciate it, Ron. Thanks for the call, man. Thank you, sir. Thanks for the ride. Appreciate it. Thank you. Thank you. Natural gas. Yeah. Let's see what we got going on. All right. Natural gas. We'll get into our contract. We get the December contract. We're going to pull up the news here to see what we have happening in the inventory market. Just three. Three billion cubic feet, the rise. Okay. But we have more natural gas and the real question is, let's jump over to the charts. We'll see how we're trading. I'm pulling up natural gas. Yeah. That's still a bill. That's interesting. It is. Everything's expectation, right? We'll see. I'm not sure what the expected bill was. We're trading at 264 right now. Yeah. And it looks like we got a little bit of a drop in price. Yeah. This is saying, hey, man, well, this is last week's number, but it's like, you know, if next week's number ever comes in with a bill of even one, it would be like what? Yeah. So we're up at almost 269. We're trading about five pennies below that, 264.6, and the price of natural gas right now. I'm just going to minimize this for a second, see if they come up. Okay, median estimate was unchanged. Okay. So a little bit more natural gas than they thought. Yeah. A little bit lower price than they're thinking as well. With that in mind, let's stay on energy and look at crude oil, all right? So we've got crude oil numbers coming up at 11 AM. 18.8 minutes. That's right. That's right, man. So crude oil, we're looking for a build of about 1.5 million barrels. Oh, we moved up two ranks. Maybe 1.4. We're at 13 now. Okay. And that number coming in at 11 AM today, as opposed to usually Wednesday at 10.30, because of the Monday Veterans Day holiday. Let's jump back and see how crude's been trading this morning and see what kind of volatility they're pricing into the market here. Now normally we have the numbers at 10.30, so we might look at the 11 AM expirations, right? Don't do that if you're looking for the number, because they expire right when the number's going to be released. So we'll start off with the noons. We're looking at December contract. We're trading at $57.69. You do have contracts that line up with volatility from $57.50, not bad. Especially, I like to point out, this is where really it's a sweet spot if you're bullish, because you're slightly in the money. Just think of it like options, right? You're not paying a ridiculous amount of premium for an out-of-the-money lottery ticket. You're getting in. You're able to buy at $57.80. You're 13 ticks above the market. It's trading at $57.67. And for that premium, you're capped with $30 of loss, which is you're capped at $57.50, very loss. And you have a profit potential all the way up to $59. So you're looking at $30 on the bullish side. You want to turn this into a pure volatility trade. It would still have a bullish bias, because you have such a head start. But the bearish one would be about $11. You're talking about $41 or $0.41 away from $57.50. And you have exposure in both directions. Now, let's just see how the $2.30s line up. $57.50, it's going to be the same. I just want to see if we get a $57.75, because that would be a little closer. So let's just see what they're going to charge us for the extra two and a half hours here now. And you have a bigger run up to, these are $3 spreads now. OK. Big money. So this is great when you compare the two of them. So on the right, I have the new expiration and we'll finish this up. You're able to buy a $57.78. You want to pay a little bit more price you have until $2.30 and you have a run all the way up until $60.50, the bullish side alone. Not bad, man. Not. $35, you cap to $57.50 and you have almost limitless potential because you got $3 of upside. Stay right there, folks. Tell me that. Tell me that. I'll come right back. If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. 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The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor for side fund services LLC. Don't forget you can listen to TFNN live on your mobile device 24 hours per day. Go to tfnn.com then hit watch tiger tv. That's tfnn.com then hit watch tiger tv for the latest market information. And you talk about the Federal Reserve folks what about tigers this morning put this in the den and this is pretty intense folks. I'm not quite sure if I've ever seen this many Fed folks talking in the same day. So check this out. At 9 a.m. we had Richard Clarota. At 9 10 you got Evans at 10 o'clock I believe Powell's still speaking at 11 45 you get daily at 12 you got Williams at 12 20 you got Bullard and at 1 o'clock you got Kaplan. I say lucky number seven. That's that's pretty wild man. I mean they're out here and they close. That's some serious Fed speak isn't it. I had to do a kind of a double take when I saw that. Yeah. Yeah that's that's a big number man. Yeah no doubt. Yeah now. Let's go over to the bond market for a second because this is you know for the S&P's only being down to the bond market folks got back inside its range and you know it has volume on here today. You know we get 926,000 contracts you know that the range they'll for the 10 years 128 16. And you know bottom lines that were 129 07. The 30 year. Right now we're that's that's a lot of volume in the 30 year. We got 159,000 already in the 30 year. And the range to get back inside on that one. Was 157 17. Okay. And you know it already hit 157 158 17. Yeah. And where are we sitting in the yields to go to. So the 10 year to 1.82. And we we got up to that 1.94. Yeah. You know so. And what are we doing for curves let's see this there's no inversion anymore man. No. We I mean remarkable right we had the 210 inversion got talked about for a while the 2 now sitting at 1.6 the 10 year almost a quarter percent above 1.8 pretty remarkable 1.83. You know right there for sure. Big numbers. Yep. Cisco Cisco come out with their numbers last night you know bottom line is that this this little baby saying that they're going to slow down right across the world. Yeah Cisco. Now this is this is a monster company but when you see the so they design manufacturing to cut into that protocol networking equipment. So TCP IP. Yeah. And so all the big server farms folks need Cisco that's that's what it comes down to. The low for the S 40 the highest 58. I was gonna say 190 billion dollar company. Yeah. Decent decent size. Look at the shares. 4.2 billion. Yeah. I mean we talk about all the time right I mean in terms of just a share price is an arbitrary number man. Yeah. You know. And you know what it looks to me like you're gonna have an ABC down here if that's the case this would be I wonder if it's on a weekly too. Yeah. Well let's see below those lows. Yeah 154 million. I don't think I don't think we'll do it this Thursday. Right. Right. That being said though guess what you know. Look at this over here you get this the high of what's that February of 2018 is 41 bucks. That's probably game. That's that's no doubt a big number. Can we go to W.I.R.P. I'd like to see as we get fed speak day what are we pricing in for future cuts here I imagine relatively low numbers. Yeah. So the current column where we currently sit 1.5 to 1.75 right. You get the next meeting coming up December 11th. Marginal 7 percent chance we cut you get a quarter percent 25 percent chance I should say that we get a quarter basis quarter percentage point cut. By January. And you get just kind of hang out from between. You know that number really and it doesn't get above 50 percent until June. When you combine the odds of two cuts. With one cut about 53 percent to 44. But still there's a 40 percent chance that we stay where we're at. Yes. To July. There's almost a 35 percent chance we stay where we're at through September. Yeah. No. That's. That's basically saying that you know that the feds done right now. Yeah. And hey that's what the chairman's out there saying. Yeah. Unless we get unless right. And hey if we start getting. Some big trade concerns that's the real worry is like. So what's going on the market right does the market. Is the market saying. We're addressing the trade concerns but we're now not even worried about that. Because yesterday's revelation man. So it means we're supposed to be easy. The easiest. Well what's easier. Right. You know I mean. They they they don't want to put a number on. How many soybeans are going to buy and you think we're going to be able to tackle anything like. Intellectual property. Right. Problems in China. We'll see about that. Yeah. Now and when it's a property and we start talking to Fed. If they keep buying bonds like this folks what happened last time is that. The actual physical bond market itself the market. Basically was pushing the Fed. Because the Fed kept saying that no we're not going down on rates with them. The note bond market almost went to an all time high. That's like well you might not want to do it but guess what. We're going to put these in our portfolio. And you know bottom line is that it finally pushed them. Now in this particular case. There's no doubt we get a flat market out here. Now it's just going to jump back if I could jump in back a little bit. But Walmart then the actual numbers they pulled in man. Just absolutely staggering. Right. You're talking about. Now what did they just pull in. Where are we here. One. Well they're on. Fiscal year 2020 128 billion. That makes sense. Yeah. Third quarter of 2020. Yeah. They could have started the 2020 in July. Well that would be there. Yeah. That wouldn't be we're in 2019. They can't be in the third quarter of 2020 right now. I know that's what this is saying right. But you see what I'm saying. I do. Okay. So we'll have to fight through it I'm not sure. But you know what. They take in a half billion. Half trillion. Look at this is why I stagger half a trillion dollars a year. Right. That they take in man. And yeah. And this is a bottom line to say that you're going to buck 16 dollars 16. Yeah. I wonder how this goes. What's the figured out. I think they got something skewed up here man. Because there's no way that they're in the third quarter of their 2020 fiscal year. And that's that is what this is saying that they just reported whoops what's going on. Maybe Bloomberg's firing off on all cylinders here. So let's see. They're saying Q3. I feel like that's going to be Q3 of who knows. How does that happen. Talk about playing. Yeah it is Q3 of fiscal year 20. Come on. How do you talk about playing games with numbers man. They just reported their third quarter of 2020. Right. I hate to break it to them but it's it's November of 2019. So watch what happens now. This is what you can't do anymore is that when you have a C corporation right. You could make your starting date anytime that you'd like. Meaning it doesn't have to be a calendar year. January to January. Now you cannot do that anymore. If you have a C corporation it has to be calendar year and the reason is that when you have a C corporation that is off the calendar year what ends up happening you can use your subsidiaries to move your money around. As you're filing your taxes every year. OK so it's pretty cool. They're just looking at that as a spec. You know you'll see all the basically all the big C corporations. Many of them do not have a calendar year specifically for that because when ends up happening if you get something weak you can move it legally. This is I'm talking about cooking the books. I'm talking about legally how this works. And the big number to keep in mind here 41 percent. E-commerce growth. That's huge. Yeah it sure is. Where is their comp. Operating income 6.1 percent. That's a big number. Sam's Club. That's increased six tenths of one percent. Yeah. Now it's delivery unlimited grocery delivery membership option to 1400 stores. There you go. Don't forget folks 11 o'clock we're going to get the oil as well as the gas. Your TD Ameritrade beyond but you keep that on your radar. That's right. I come right back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trade that we tigers and tigers share. 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Basil Chapman has just announced a live 90-minute webinar he'll be conducting for subscribers to his daily trading newsletter The Opening Call which will be taking place Tuesday, November 19th from 5-6.30pm Eastern Time titled A Comprehensive Review of the Chapman Wave Techniques and Market Outlook Ahead for 2020. This is a great time to sign up for a 30-day free trial to the Opening Call while gaining access to Basil's live subscriber event taking place later this month. With some stock picks up 15-30% this year alone, Basil will review many of the Chapman Wave techniques that helped in their successful analysis as well as providing the sectors and stocks that he thinks will be of importance heading into 2020. For all the details, check out the Opening Call on the front page of TFNN.com. Welcome back folks. We have the Dow Industries right now. Drum roll please. There we go. Someone just happened to Dow. Dow's down 30. Nasdaq's off 19. S&P's up 4. Flat market out here really. Yeah. Once again. Well, you went to the movers in the Dow. Yes. I wonder one more time. Yesterday it was all about Disney and that was quite a move intraday. And Disney extended them again today. They are. Yeah. I was thinking it might be Walmart, but it won't be Walmart because they're not that high of a price stock. Look at that, 3M plus 10 points, Home Depot 9, Walmart 8. Yeah, Walmart's only $122 stock. They're getting a $1 and 21 cent gain. Yeah, but only 8 points. Taken away from it, Cisco minus 25, Apple minus 7, Visa minus 6. And let's take a look at Walmart, man, because that's their pair and some of that. I'm going to put this on a five minute because it was quite a spike early this morning on Walmart and check out the paired gains. Yeah, I was keeping my eye on this man and 125, 69, you're almost $3 off that number. Yeah. And you're barely up 1.6% right now and you were up dramatically in the market. I don't know. They're just pairing some of the gains. Let's see how Target's reacting. Oh, Target, not pairing. Maybe the market, kind of talking about what you, Kevin, myself, were talking about earlier. You know what? That's what's happening. Maybe Target's one that's right for the picking, coming into that holiday season as well. Yeah, there's no doubt. The holiday season, man, Christmas. Holiday season. Black Friday, we're going to start getting those Amazon sales. Is Amazon going to sell $38 billion worth of goods during Black Friday, like Alibaba? I don't think so, but I'm sure they'll have some staggering numbers themselves. It's no doubt. It's no doubt. It's a big number. Yeah. Let's just go inside. I don't know. We won't go inside the MDX right now. Folks, stay right there. We got our man, Mr. Kevin, thanks, G.D. Romero trade coming up next. Then we got our man, Mr. Basil Chapman, Steve Rhodes, Dave White. I'll be back this afternoon. Thanks, pal. Thanks, man. Well, we'll get them, folks.