 The following is a presentation of TFNN. The Power Trading Hour with your host, David White. Call now, call free at 1-877-927-6648 or internationally at 727-873-7618. Now, David White. And welcome all to another excellent edition of The Power Trading Hour. And we all know, only one thing matters. And that is here, when we come together at the sacred and anointed time. The following takes place between 2 p.m. and 3 p.m. And, well, let me update that dish to make double, double secret top sure. Up about 13 points on the S&P cash. You got very interesting to see a market that was extremely weak last Tuesday. Turned around a bit on Wednesday and through the end of the week. We found out that the Fed had thrown almost $5 billion into the market. The question I have is, you get those numbers Thursday night, I believe after the markets close. I wonder what we're gonna see this week. We're gonna see a second week come in. I was saying, I wasn't exactly sure why the Fed was doing it, but probably some communications between them and the Chinese gives us an idea that they were expecting some fairly weak news out of their economy. And instead of doing what they said, which is pulling money out of the market, they were actually pushing money back in, at least equities. So we'll see. But of course, everything has a opposite and equal effect. That actually popped the dollar, which I didn't get back over here. Get up the latest on the dollar here. 106.385, of course. And that put the old hurt on gold and crude. Gold's down a little over 1%. Crude's down about 3%. I think it was off maybe 5% earlier when I was looking. And so you've got that. Now, a lot of people think that, wow, this is gonna be much better for the economy. And I don't understand if China was shut down and they didn't have a lot of the production, how is that stuff gonna get here? We're gonna sell it and continue on. I understand that it drops interest rates, maybe if the Fed decides to blink. But I don't understand how it actually makes anything better. And lower interest rates are fine. I don't think it does really much. So I'm not in sync with what the market thinks. But are they double dog, daring everybody in the Fed not to raise rates? I think it's, well, we're gonna have to wait till September. But I don't see a lot of reasons to believe that the Fed's gonna do anything different, at least for a few quarters. Well, at least a few months, maybe a few quarters. 877-927-6648, email me at path at tfnn.com. And of course, you can always leave a message in the den. So yeah, 106-41. Certainly looked like a lot was getting ready to shake loose last week, but the Fed has come to the rescue. Now, as we, let me close, let me just park this somewhere out here. Mark likes my title for today, my little cream mint on your pillow. Children are hereditary. If your parents didn't have any, neither will you. And he says insanity is hereditary, you get it from your kids. But you know what, I don't, this isn't a big bounce, but I think a lot of people are whistling past the graveyard, doubling down on Walmart and Kmart, Walmart and Target earnings this week. That'll be out here. I think we'll go through those later in the show. Other than that, all quiet on the Western front, Starbucks getting involved a great deal with the unions. And you would think for such a progressive company, they wouldn't be flailing away like this, but if you believe their rhetoric, opposed to the unionizer's rhetoric, there's a lot going on with the labor board that maybe putting their big thumb on the scale, at least that's what the Starbucks executives are saying. They had somebody come out of the National Labor Relations Board saying so, a so-called whistleblower. And we'll see. Anyway, Starbucks up just a little, but not a lot of juice out there, about half volume. But again, we're up at a lot of these levels where these stocks are just kind of petering out for volume. The question is, do we just stay up here as the Fed continues to throw more money at the problem? And that is it. 877-927-6648, email me at path at tfnn.com. And of course, you can always, always leave a message in the tent. Okay, we've got about two minutes to go. Let's do a little history, and then when we come back, we'll go right to charts. Then it's all just a little bit of history repeating. On this day, oh, in 1969, the Woodstock Music Festival opens on a patch, a farmland in White Lake, a hamlet in upstate New York, town of Bethel. Jerry Farmer, Max Jagsgar, Jagsgar came to the rescue at the last minute because everybody else had told them that they couldn't use their property, giving the promoters access to his 600 acres of land in Bethel, some 50 miles from Woodstock. So shouldn't it have been called Bethel? Woodstock, even though Woodstock had left its promoters nearly bankrupt, as everybody just knocked down the fences and stormed the Bastille, it was originally supposed to have about 50 or 60,000 smelly hippies, ended up with about 400,000. And of course, like I said, no ticket, no problem, just knocked down the fences. Anyway, their ownership of film and recording rights basically saved their bacon over the next two and three years as their documentary film was probably the only decent thing that actually came out of it. Anyway, on this day in 1969, many people from that generation thought that excess, especially in drugs and other things was the way to go. Yeah, kind of closing the door on that kind of idea, probably more of its legacy in 1970. People didn't try doing it again until in 1996, 1999, with about the same effect. We'll be back after this. In inflation, we are purchasing powers eroded, there's no better place to protect the harder and money-thinning gold. 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Trying to think if there's anything else going on out here, that's the 15th, right? Okay. I don't know when this actually comes out or is announced, TME, which is 10 cent music group. Why does it say modern era? Let's do this. 10 cent music group, okay. Financial influence energy. Zip recruiter, I see a lot in here that probably is gonna do much. Got a little pop up here. No volume though in this one. ZIP is the symbol for it, but you're going through the highs of May 13th and June 6th, but not a lot of juice in that. Let's go into tomorrow, which I think is really where we're gonna see things go on. People in the den talking about all the retail stores that have come and gone. We had, no one put in their venture. Did you guys have ventures in your area? I remember we had ventures before we had Kmart, and venture was kind of like a target. It was a little more upscale than the Kmart, but those kind of came and went. Caldor Ames, don't know about that. I wonder if venture was just in the Midwest, but I like the store. I remember it was better than the Kmart. I remember the Kmart was new, or fairly new, and it still had the fluorescent lights that already turned yellow around everything, and the acoustical tile had rain, wet spots all over it too. It looked creepy from about the time it began. So we look at Walmart. You're back kind of back up to this. Fly, yeah, is that it? I know the rest of them. Maybe that's why no one has roofs anymore. They just kind of spray the ceiling. I wonder if that is it. Other than it's cheaper to build. Walmart, you gap down at once, 1776, you're back up on very light volume. The upside is probably 140, if they guide higher. It's hard to say about anything else out here being lower, but probably the most, I'd look at the options, but I bet the most is about 140, 142 on the high side, and if they really whiff, probably 120. You got a decent range in that possible. I just don't know. Probably the biggest thing is when I've been into the Walmart, it's just how much stuff that they're out of, and maybe that's gonna be a bigger factor, especially if China continues to have low economic output since most of the stuff comes from China. Home Depot, back at previous highs with very light volume. Really, 308, 99 was the high volume high at here with about 12 and a half million shares. Got into that on August 8th with a island reversal with a doji back here, but we've kind of come back up into these highs. I don't see a lot in here, just light volume at previous highs. So you're not getting a lot of people thinking that they know what's going on. To Agilent Technologies, after the bell tomorrow night. Again, a lot of these things just hanging up here, almost all of them have challenged the previous highs on lighter volume. On this case, on Agilent, June 7th, $130.97 with 3.4 million shares, got tested with 2.2 million shares, pulled back a little bit, didn't have a lot of volume, and now back up higher into that high that had 3.4, then 2.2 million shares, and today about 534,000 shares. So I didn't think that was a lot of action coming in the market based on these numbers last week. It certainly looks like what's happened over the last few days on light volume does set up a kind of a binary outcome on many of these. See what else we have. LITE, light momentum, another one, again, just a lot of these trying to claw through previous highs. In the case of LITE, the May 18th high that had 2.4 million shares, got 600,000 shares on Friday, breaking it, and again, 700,000 some odd shares today. So you are going through the previous highs on a lighter volume there. To BHP, and you're just back up to resistance. These gaps down on this case, gap back down from June 30th, 3.6 million shares on that day, got to it with 3 million shares. Not a lot of pullback here. See if there's anything else out here that catches my eye. Don't see much of that. Don't see much of that. So that's Tuesday. Let's get into Wednesday. Cisco systems. This one, if I'm not mistaken, really whiffed at last earnings. Think it was up after the bell. And then just got creamed. I think they were pushing it up two or three bucks, and then earnings came out and this thing fell like a rock from about 49 bucks down to 40, which was pretty big for this. When I started trading this stock into the early 2000s was notable for just how many absolutely huge amount of shares they had outstanding. At one point, I think in 2005, Cisco had a share for every human on the planet. And that was quite the deal back then. Just back up to resistance levels. It's hard for me to believe anything's gotten any better for Cisco. I don't know that it's a lot worse, but up against fairly decent resistance from that huge day down with head over a hundred million, well, almost a hundred million shares down to $40.65. And what, 17 million shares on Friday. So not really coming up with gusto. We'll be back in a minute. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector, as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting tfnn.com. Don't miss out on the next great gold trade. Sign up today. 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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. Ortonet is the first request of the day. Certainly you have a huge gap down that came on just telling everybody that with any kind of pullback, generally CEOs cut off security is one of the first things, or spending on security, cybersecurity, that kind of stuff. You're down here down just in the lows. I don't know exactly what your question on it is. You know, probably 58, 59, maybe 60. If you wait long enough back into that gap, would be best case scenario. Just, that's an ugly, ugly gap, and it's gonna take a long time to go back and set back something up. But I mean, I think the best you can hope for, like I said, is maybe 59-ish, maybe 60. My guess is if it ticked those, I'd be out of it if I was long already. But I don't think there's a lot there, there if you're not in it again already. And to do what do we have here? UCO, which is the crude oil, actually testing the previous lows back in July on July 14th, $31.02. You go and test that about a dollar higher, but certainly in that candle on a little lighter volume, 2.6 million shares on August 5th. You can bounce up to 38.05, you come back down today and bounce off of it with about 2.2 million shares. You'd like it to come under 2.6 today, but you're looking at at least some level of support. It's hard for me to think that the economy doesn't fall off. I mean, this has gotta be a fairly good indicator that the economy's sucking if no one is driving anywhere. But hey, that's just me. But certainly you gotta move back lower. I'd want it to test 3102 with this kind of action. And you got live volume so far that you need less than 4 million. I love for it to come in, wash a bunch of folks out and have it closed back above 3102 to give you a goodbye signal. But that's it. I can't remember who asked this. I closed the message and now I can't remember. The next era energy has been kind of creeping up. I did have a nice gap higher. And through the previous resistance area in about the 86, 87 area, did kind of gap up to the bottom of that and then continue to claw through. No reason to see a lot of changes here. Off along in the tooth. I don't know what again, what the questions are for this one, but very kind of, it's up there on kind of light volume. So you gotta be very careful about this and the general market in itself. Okay, anyway, I don't see much else going on in that. Let's check some more emails here. We got lots of stuff. Okay, check a few more here. See if there's anything here. Question about, am I gonna short this? I think we're probably fairly close to a top, but at this point, markets that are kind of nuts tend to get more nuts than you would think. And you want a fairly good indication that the market's ready to turn it. And I haven't seen that, at least from the option market makers. We're way, way, way out on the expected move. So I'm not thinking we go much higher, but at the same point, I don't see anything that says that the market's ready to break at the moment. Maybe earnings are enough to start us back down, but you're almost always gonna be somewhat early in shorting a stock or a market. It's very few people that short after the move because generally it's so violent down that you have a fairly big risk of getting crushed on there and stopped out on the return. But I don't see a lot out here that says we have much higher, but I haven't seen the market makers blink in the option market yet to tell me that it's time to go short. And again, I'm gonna, I got kind of a brushback pitch from the Fed last week when they started throwing money at equities. And that probably tells you everything I wanna know. That is, are they done throwing money at equities? And maybe it was just to keep the market nice and high when the news came out from China and they'll go back to doing what they do. But in the past, the Fed has folded like a $5 suitcase. So I'm not always sure that they're not going to do what they say they're gonna do. Okay, 877-927-6648. We'll go back to earnings already in progress. If I got this correct. Is that right? No. Okay. Why don't I have, just do that. Okay. Got that. Earnings calendar, more research. Financials. Why can't I, I don't know why they did that. Now let's go do this one here. Okay. We've got Tuesday, we've got Wednesday. Okay. On Wednesday morning, we've got lows. I've been going into it. It's been fairly busy. They've cut a bunch of employees. And when I was in there last time, about a week, maybe 10 days ago, was talking to an employee why they were walking over to an aisle to help me find something. And she was, we were talking about how much stuff got lost or stolen in the store. And they said that they were up to about two grand worth a day of stuff getting stolen. So I said, it's about 60,000 a month. She goes, yeah. She says, that's about what we're having being stolen. I said, is that gone up a whole lot? She goes, it's about tripled in the last six months. So I don't, I'm wondering if that's actually ever gonna make an impact on it, just a random observation. I haven't been into another one in the area. Maybe that one just has a bad surrounding in a bad area, but my guess is that they get a lot of stuff stolen and it probably went nuts when they got rid of a lot of the help out there where people could just do everything they wanted. And there was no one around to even bother to look. But back up higher for a three bucks, back into resistance levels. It's really been kind of a strong move down. Lowe's looks like the better of the two of Home Depot and Lowe's, but I don't know. Don't have a good sense. Fortnett, okay. Don't know what's going on there. Well, Rosalie, okay. Anyway, TJ Maxx. This one may be a huge whiffer, TJX, mostly because they talked last time about how much stuff they didn't have. Still on the docks, it was a low priority to get the stuff in. We'll be back in a minute. 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 in technical market analysis. And it's not just dry tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Foresight Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. So anyway, Lowe's, Tarjay, again, a lot of these companies are having inventories rise because the stuff that they ordered for the spring times finally showing up. And of course, probably the only good thing is that now that we're finally slowly starting to get back to some level of reality at the docks, stuff is starting to flow, not perfectly, but better. It's hard for me to believe that everything turns around in a single quarter, but maybe these guys are more sanguine now that they've got at least a fairly good indication of when stuff's gonna show up. But when I look at the targets a little farther away, so I generally go to the Walmart. Well, I go to Walmart and see so much stuff missing. I don't know, maybe somebody's been in Target and they can call and tell us. But my guess is that everybody's kinda missing stuff. Seems like televisions are showing up, electronics, that kind of stuff, but there's a lot of other stuff that you just really don't think of, missing towels, missing stuff for home goods, dog food aisle always seems to be almost empty. There's some other stuff going on out there and I don't know if that's coming back quickly. Certainly, for Walmart, I've noticed that the house brands, the generic brands are almost all gone, which pretty good indication that many people have moved downscale and are buying those opposed to the retail brand to cut some pennies. Not uncommon in a rising gas price regime, but we'll see whether or not it's a little bit more sticky here in what Target and Walmart has to say. But I think a lot of people whistle and pass the graveyard. Of course, we've got analog devices opposed to those digital devices. Again, kind of hard to believe that these are doing as well. They do say a lot of products though that go in cars. So if the supply chain's actually getting a little bit better, maybe there's some reasons to be more optimistic for ADI. But 169, not a lot of volume out here today. Again, that's on Wednesday, so we've got a little bit of time. But I think these things are all gonna go up and probably push the shorts out and then we're gonna find out what really everybody has going on. Okay. Now, after Market Close, there we go. Anything else? Key site technologies. I know one of the guys in the den has done some work with them. Kind of interesting to see this one back up. Energy is okay. Volume is not. You're doing about half the volume of the February 10th high. And these guys sell a lot of stuff, sold a ton of stuff into the 5G transition, very expensive test equipment. And it's kind of interesting to see that they're back up here, but I don't see a lot of juice, nor do I see a lot of people dying to get in to these things. Maybe I'm wrong, maybe they're back out. Now, of course, we heard a lot about EVs over the last week with the bills in Congress. SQM, the Chile state-owned really kind of mining company, is up to the previous high going into this week. May 27th, 1278, 2.7 million shares with 1.4 million shares today. Could it get a little more? Could. Energy off this low is not good on the way back up. And of course, that's offset. I think a lot of people look at Tesla as a proxy for that. And if Tesla's going up, they're buying lithium. Tesla probably going up as they talk more about getting to the stock split, the revert, not the reverse, the stock split in Tesla. You're back up to the previous high of 940. That day had about 24 million shares. You're into it with 24 million shares. Again, this is one that people just kept on shorting and shorting and shorting and not had a good outcome for those bears on it. I look for trading signals. Generally it's done fairly good. If this would have come up on a lighter volume, I would have been shorted, but it's got some decent volume. And again, a lot of people buy stocks like this on splits coming, thinking that there's something good out there. The reality over time, or historically over time, splits really don't change that much. And in fact, they tend to stamp down volatility in higher prices for a while, opposed to when they were very popular for a very short amount of time back in the late 1990s, early 2000s. Since then, the idea that a split was an easy way for the stock to go much higher yet again, it doesn't hold as much water as it did 20 years ago. Yeah, very big cup here on the Tesla pattern and decent volume. I think they've been saying that even with the shutdown, they got a million cars out in the last year from China's location. And that's been fairly good for them, I think, at least on the PR front. Okay, so let's get to Thursday this week. Kohl's, this thing's been a perennial whipping boy. It's had enemies at the gate. They should have taken the money at 47 bucks. They didn't. I don't know how long ago. Was that six months ago? Three months ago? Starting to lose track of time on this one. Certainly they had this company that was willing to buy them out. I think it about 50 bucks a share. They made a bunch of noise about how they were gonna turn everything around. It doesn't look like they turned anything around. So you're back up right in the middle of the gap. The only good thing I can say is maybe these guys finally capitulate and get bought out and I don't know if they were gonna take them private, but they were sure gonna get rid of everybody in the executive suite and suites and start over because these guys have not really gotten it right. Just been in a bigger trading range sideways for a long time and not much way in that. If there was a surprise, I suspect it's to the downside on earnings and the upside on a potential buyout. Uh. Ha ha ha ha. The proverbial split. We've got some other companies in the solar space coming out on this one. One of the ones I liked the best was Canadian solar. Not that I traded anymore, but whatever I bought it for, I forget what it was, I'm gonna have 14 bucks. In 2009, if you look at that double bottom out there and pretty much convinced me that I was gonna spend the rest of my life looking for low volume retest of previous lows. We'll be back in a minute. 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Catch Tom O'Brien, professional trader and educator, founder of TFNN. Also a special guest on CNBC. Tom will bisect and dissect the markets. The Tom O'Brien Show, next on TFNN. A quiet close here. I don't think a lot of people are gonna wanna get out in front of earnings tomorrow morning. Shorts continue to cover a little bit. Volume was light on Friday. Let's go ahead and take a look and see what we have here. Where's that? Okay. Let's get that done. I'm gonna whisper. There it is, CBOE volume. Again, very, very light. Maybe it's summertime trading. Maybe it's just everybody waiting for earnings in the morning, but just 6.6 billion shares. So we are up at high, very light volume. Maybe it doesn't matter as the Fed keeps giving us a dusting of cash back into the market. But you would think if the Fed was going back in that way, we'd probably see gold holding up a little bit better. So I don't know if it's transitory. They're getting back into the equity buying business as they did last week. But I will look at it. Again, probably very limited upside from looking at the charts. Doesn't mean there's none. And of course, they could really whiff, but I don't get a big sense of that either. We may have a week with not a lot of news. Certainly the option market makers continue to tighten the expected results for a lot of the earnings stocks that I've seen this week. So the best results for them would be kind of a flat-ish market throughout the week and an options expiration on Friday. Keep an eye on it, keep on the eye on the volume. If we do light volume again tomorrow, we may have a big move before the end of the week. But right now, it just looks like everybody's holding things up at the highs. And if you want to short, you're probably going to have to hold your breath and count to 10. So when you can, not when you have to, we will return like a bad rash tomorrow. 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