 The following is a presentation of TFNN. The morning markets pick off with your host, Tommy O'Brien. Good morning everybody. I'm Tommy O'Brien, coming to you live from TFNN Wednesday morning, 9.06 a.m. We got about 24 minutes to go until the start of trading. We got all the markets back in the red, quite a yo-yo week we've got going so far. Monday's action, all in the red. Yesterday we come soaring back, getting back basically all of Monday's losses, remarkable turnaround. But guess what? You wake up this morning and the market basically right back at Monday's lows. Right now in the S&P's, you're down 38 points at $42.95. But we were at a price level of $42.73. So you were down $60.00, $60.00 S&P points. And you see, zooming in on the action yesterday, there's your close. We sold off into the close. You had a high yesterday of $43.60. We closed out the action at about $43.35. So you give up 25 points into the close and then you trade down to that overnight low of $42.73. So when you back things up from the highs yesterday to the lows that we're talking about, you're talking about 85 points, almost 2% this market traded from the highs at about 3 o'clock yesterday to the lows we had at about $5.30 this morning. Over in Europe, big time negative action this morning, DAX down 1.00 and 2.30%, about 1.7%. The DAX is down right now, FTSE is down 1.2, CACAROL is down 1.5%. So all that weighing on our markets, NASDAQ 100, down 138 points, that's down 910%. And you see the action in terms of Monday, right? You accelerate lower. Tuesday, as I said, you get it all back, which is remarkable, folks. You're talking about almost 400 points from highs to lows. And we did it again, basically overnight. As we trade down to $14,000, about 420, we've bounced about 100 points from those lows, $14,515, the DAX down almost $300 at $33,900. You got the Russell off 22 points at $2,201. Bitcoin continuing to trade higher. I mean, check out Bitcoin, $53,400. No matter what the market has done this week, you've seen strength in Bitcoin. You're actually now above the highs that we had September 7th. That high was $53,000 in change. Yes, $53,125. We're trading $53,340 in the price of Bitcoin. You had pulled back to exactly the 50% retracement from the run we had in the beginning of July. Crude trading a little bit lower, just giving back some of the gains it's had recently. I mean, crude over the last six weeks or so has traded from $61 up to $79.78, putting it on the short term, the short time frame chart. This morning, 2 AM, $79.78. We almost had an 80 handle, natural gas pulling back in a big way. Look at this drop off. It really dropped at about $6.30 this morning from $6.45. We're trading at $5.96 in natural gas. Gold's down about $2 at $17.58. We got silver, negative by $0.15 at $22.45, and we jumped to notes and bonds. Right now, we're looking at a yield of 1.52%. Overnight, you had lower price and higher yield since about 2 AM Eastern time though, you've clawed back those losses in terms of the price action. Right now, we're flattening the tenure at 1.52%. We jump over to the volatility index. 22.95 almost made it under 20 yesterday. We got to 20 and changed 20.62 was the low, I believe. Overnight, right back up to 24, you put this thing on a daily, the VIX with a sustained level of action. I talked about yesterday that it was about nine out of 12 days that we had been above the $20 price point for the VIX, talking about sustained rally. We had not seen that type of a rally in today. It's holding as well as this market continues to be volatile. I'm going to jump to the NASDAQ 100 real quick, taking a look at the cues. What's interesting here is we rolled over from the top of this channel line all the way to the bottom, that bounce you got yesterday in today's bar, not quite on this chart yet. OK, so you're going to have this bar down to about $3.54, the next bar that's going to open on the opening bell in 19 minutes from right now, but something to keep your eye on on the cues. Now, this is a daily going back a year. We'll stretch it back a little bit further to see where this thing starts. You're talking about from September of last year, the lows we had in September, the market takes off in November. You have highs to highs to highs. You got lows to lows to lows, pretty defined channel line. We're right at the bottom of that in these tech stocks right now. In the NASDAQ 100, you get the cues down $3.38 this morning, pushing about $3.54. Now I'm going to zoom in on the action. I mean, look at that bounce, folks. Remarkable. Look at that bounce, right? I've had this channel line on the cues for a while, and we literally bounce almost to the penny at $5.30, $5.45 this morning. And as you can see, the cues are up almost $2.00. So keep your eye maybe on that $3.52 price point on the cues as you get a pretty well-defined channel line there. In the cues, you're bumping up against the bottom portion of it. Pretty remarkable that you trade 25 points from the higher point to the lower point, but you're still well within that channel line that is upward and to the right for positive prices. Let's jump around to some of the fang stocks this morning before we get into some of the fundamental news. You got Amazon down a bit this morning trading at $3195. Amazon right in the middle of a long-term consolidation between about $2,900 and $3,500 right in the middle of that area. If you look where we were in terms of back in March of last year when Amazon really took off the COVID lows, if you ever get a pullback, I mean, that $3.82 is basically the bottom area of that consolidation. You're looking for a buy on Amazon, but you get it under $3,000. If you're a long-term investor, I would at least think about getting into that. The tough part about Amazon, a partial position, even one share cost you $3,000. But that's a defined channel line. We're back to prices that we've been trading at, folks, for the better part of 16 months ago in Amazon, trading at $3,221. Microsoft shares this morning down a bit as well. Of course, all these stocks are going to look a little bit different from Amazon as Amazon has struggled as some of the other tech stocks. We'll put it back on a daily, have accelerated higher. You got Microsoft within about $15, $17. If they're all-time highs, you're going to open a little bit lower this morning. Google shares going to open about $2,700 from $2,723. Now, Google had been in that channel line. You broke a below it for the first time last week. We'll see how Google reacts when you potentially challenge the channel line yet again. Well-defined channel line, all the way from November, October of last year and breaking below that channel line for the first time in a while. And we'll jump to what else we got going on. Let's jump to the numbers we get this morning in terms of ADP. 568,000 private payrolls for the month of September. The market was looking for 425. This, ahead of Friday's non-farm payrolls number, leisure and hospitality sector led creation with 226,000 hires. Most of these jobs coming from big companies, hotel chains, et cetera. Companies with 500 and more employees led job creation with 390. Okay, you only came in at 568. That means you leave only 178,000 jobs created in the private sector for companies under 500,500 employees. Private jobs, there you go, 568. Now, you get into a breakdown of some of these hires. As we said, leisure and hospitality, 226,000. Though the industry, now let's just read, because the sector's hard hit, as we all know. Establishments are struggling with labor shortages despite nearly two million job openings. We talked to Kevin Hanks after this break. He's talked about it many times. All those job openings looking to pair with the many employees that are out of work right now. They're the industry, which includes bars, restaurants, hotels and the like, has about 800,000 more workers employed than a year ago. Its unemployment rate remains at 9.1% compared to the national rate of 5.2 right now. Much of the hiring companies with 500 employees, 390,000 small businesses, which are the engine of this country, folks. Fewer than 50 workers, adding just 63,000 jobs. We'll get into a little bit more services. 466,000 new hires helped by education and health services in there as well. Stay tuned, folks. We'll be coming back. We'll be talking about man, Kevin Hanks, a fast market TD Ameritrade Network. We'll be right back. Everything in the universe is governed by the Fibonacci sequence. 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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. Welcome back, everybody. We got the S&Ps right now negative by 32 points, catching a little bit of a bit off the overnight lows. You were down in the S&Ps, looking at the futures contract on the Thinkorswim platform 4273. So you've clawed back 30 points almost from those lows, still negative by about three quarters of a percent. Jump over to our man, Kevin Hinks. Every trading day, folks. 12 noon Eastern time, fast market. Kevin Hinks, Tom White, breaking down the day's market action, walking you through hypothetical trade setups in the option market, talking about defined risk. Kevin Hinks, good morning. Good morning, Tommy O'Brien. Yeah, futures getting a nice lift here, bouncing back from a pretty strong ADP number that came out, Tommy. Remember, you can connect the dots in this market and the choppiness that happened in September back to that September 3rd payrolls number. And so what the number that just came out, that's a pretty substantial beat. And that throws into a little question how big this number is gonna be tomorrow. And maybe you and I talked about it earlier in the week. Maybe we're setting up for a nice beat here in terms of non-farm payrolls. Remember, this number came out 568,000, right? That is more than the payrolls number is supposed to be, and this is just the private part. So the private sector of today's payrolls. So I think the 475,000 expected jobs that the consensus was for Friday, that's probably gonna drift a little higher. And maybe, Tommy, some of those 7.5 million people coming off benefits and that 10.9 million jobs. Maybe they're starting to meet up in the middle here and that's a really good thing for the US economy. Maybe the miss from last week is just, or from last month is just gonna be delayed until the next couple of months. I don't expect all those jobs to come back, but good solid beats will definitely ease some fears in this market, Tommy. Yeah, at some point, we gotta make up those jobs, Kevin, right? Whether they come now or in the future, we've had a few months of misses almost. I mean, I think the three-month average might be around 700, but like you said, the last number in there was 250 in change in terms of numbers that we got for August payrolls. That was on September 3rd. That was a high print in the S&P futures. We come back from Labor Day weekend. We have a little bit of a tough September. Volatility persisting into October, for sure. I was listening to the program you guys were doing yesterday on Fast Market. Now, as we talked about yesterday, when you're on the program talking about maybe some of the companies, the tech stocks that have pulled back, I found it interesting. You were talking about Amazon. Now, all of these companies were surging higher. And you said, you know, well, we came up with this show idea on Monday when you had Amazon down below 3,200. It was up to 3,260 yesterday. While this morning, Kevin, it was back under 3,200, man. This market, given buyers for that dip, maybe kind of the possibility as in, it's not like we're potentially off to the races forever right now. We're gonna have some volatility in the months coming. And I just really like that segment. You guys were talking about, as you see some of these tech stocks pull back. I got an article in Bloomberg I'm gonna talk about later, just talking about valuations for the first time in these tech stocks coming back to almost where the S&P 500 is, which is remarkable when you look at kind of some of the pullbacks we've had, like Amazon back at about 3,200 this morning. Exactly, Tommy. People talking about corrections in the market. Well, look at some of these, I mean, some of these big names like Microsoft, like Amazon, like obviously Facebook, which has been in the news lately, they're significantly off their highs and over what really, right? Not necessarily lack of earnings, maybe some press, maybe some just uncertainty about the market, maybe some uncertainty about rising, it's a great book. Man, these companies make so much money. And like I said yesterday on the show, Amazon is expecting record profits for this quarter, the most ever. So, and that's coming up now, earnings per share might be lower than a year ago. The comps are gonna be difficult, but when you get expectations for more comps like that, you're really setting yourself up for a beat here. So yeah, these stocks are all worth watching, all worth trading down here, carefully of course, but nevertheless, these are good markets for looking at, you've got a VIX now over 22 and a half. So that puts more premium and options. It's a great time to be an options trader, Tommy. I think it's a great time to be a trader in general, man. For so long, we had that VIX, Kevin, stuck at me. It seems almost generations ago that we were stuck at 11 or 12 in the VIX for an extended period of time. Right now we're sitting at about 22 and change. The article I had up here, Kevin, it's interesting. So they were talking about the NYSE FANG plus index. I believe this is 10 equities of basically FANG all the big tech stocks in there. 27.6 times estimated earnings for the coming year versus 20.2 times the S&P 500. That's the narrowest premium since December of 2018. And the lowest company in there among the US members, Facebook, as you mentioned. 19 times earnings, now actually cheaper, Kevin, Facebook than the S&P 500 to kind of go to what you were saying there. Pretty remarkable, some of those statistics. So we come into Wednesday trading. We got the S&Ps down 35, Kevin. We do have some companies out there this week, but all eyes kind of point to Friday. What are you guys gonna be talking about on the program coming up today? Today's a good one because we're gonna start out in the first segment of the show talking about Netflix and the incredible run that this has had. And then we've got GM investor date today. So we're gonna look at, what fully is gonna do presentation on General Motors and the evolution of that company. And then that's gonna naturally evolve into the third segment where we talk about Tesla, Tommy. So all things autos in the second and third segment. And then in the first segment, we're gonna look at what is going on with Netflix. Netflix, man. They were talking about Netflix and the Tiger stand earlier talking about maybe killing to maybe have the opportunity to get Netflix under 600 again as this thing is off to the races to 632 this morning at 634 81. Yeah, just remarkable across the board and GM, I was reading about what they're gonna be talking about. $50 billion that cruise, robo taxis, pretty remarkable the future, Kevin. It's not a matter if, but when we're gonna be jumping in those robo taxis and GM seems like they're pretty confident that they'll be able to start ringing that cash register, whether it's next year or 2023 to the tune of $50 billion in revenue. Pretty remarkable to be starting a business, Kevin, that you don't even have any cash yet. And you're gonna put out a number that's potentially $50 billion. Sometime in the future, they're not gonna tell you when yet, Kevin. They're not gonna tell you when, but $50 billion they might be able to put out in that electric vehicle robo taxi segment. Well, Kevin, we look forward to the show. As always, man, we'll be watching at 12 o'clock today. You have a great Wednesday and we'll talk to you tomorrow, man. Thanks for having me on, Tommy. Have a great day. You too, Kevin, take care. Folks tune in every day. They get the new lineup with Kevin Hinks, Tom White, they do an outstanding program on fast market at 12 o'clock Eastern time every day on Tiger TV. They had an outstanding show yesterday, walking you through folks. And I bring up Amazon all the time. I have Amazon in my retirement account. Remarkable that you're getting this long of a consolidation of a company that is strong, as Kevin mentioned, right? And as you, I'm a bull. I have Amazon in a long-term retirement account, okay? But revenue, record revenue coming at you this quarter, folks. And guess what? We got Christmas season coming up. You think Amazon's gonna be pushing out product during Christmas season? I imagine they are. And if Amazon taught us one thing over the last 10, 15 years, as long as they're growing revenue, they will figure out a way to turn that revenue into profit because when they're investing, folks, you see it now. Just so I get orders from Sam's Club and Walmart, okay? They are so far behind the service level of Amazon in terms of the way boxes showed up. It seems like they're taped in half. Some of them are broken. The products aren't as reliable. You don't get as many updates for when things are delivered. You don't get the pitched shirt your friend door always. When Amazon spends some of that money to decrease the earnings, it shows in some of the services they provide. That's my experience. Stay tuned, folks. We'll be right back for the open. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex Predator in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. 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We get the Nasdaq 100, negative 133 points. We get the Dow down 275 right now in the Russell, negative by 22 points. Bitcoin, continuing to rise. Since I came on the air, folks, your nine o'clock bar, that's a 15-minute bar in Bitcoin. How about just spiking a 55,000 and change? Remarkable acceleration in cryptos. You're now above, as I stated, where we were in September. I mean, next stop in Bitcoin is 65,520, folks. Maybe 60,000 is where you could chop around. But, man, we just traded from a price point of 41,000 on September 30th in Bitcoin. Jumping over to Ethereum. Ethereum right now up 1.5%, not quite the same acceleration. You're at 35.79. Interesting comparing these two. Ethereum, Bitcoin, you see Ethereum. Not back up to where we were September 3rd, whereas you just have Bitcoin rising above that price level. You could say closer, though, to where we were in terms of 44.06, percentage-wise, not much. But Ethereum, nonetheless, up by about 1.5% today. Okay, getting back into that article real briefly, I was talking to Kevin about, because he brought up some great points in terms of the tech stocks, and this is an interesting article in terms of valuations. When you're in growth stocks, folks, be careful of valuations, okay? Because no matter how great a company is, it may already be priced into the equity, okay? Tesla is the most expensive stock in the Fang Plus Index at 114 times earnings. No matter how great of a company that you think Tesla is, man, do they have to grow in an epic fashion to come in at a growth of 114 times. Now, you back that in Facebook. Facebook, you're only talking about 19 times earnings. Well, get Tesla's earnings go down in the future, and that ain't gonna help the growth phase of everything. Now, you get into where we are. Tech stocks premium to the S&P 500 is the narrowest since 2018. The spread is when you talk about the estimated earnings for the coming year versus 20, so 27.6 times earnings for the coming year versus 20.2. You see the spread we're at. These 10 companies are only seven times earnings above the S&P 500, the narrowest since 2018 when market slump because of the US China Trade War, Hockish Federal Reserve, and falling earnings expectations. Fast forward to 2021 and the picture looks similar with the Fed at the brink of pulling back on economic stimulus and the pace of earnings upgrades in a slow lane. It's all about earnings coming this quarter, folks. There will be economic slowdowns on revenue, especially in some companies, but what's gonna define stock prices over the next three to six months is gonna be earnings. Wage control, supply issues, supply constraints, supply disruptions across the board, and there it is, the Fang Index. 10 companies, you got Apple, Google, Amazon. The 10 biggest out there in the tax sector combined value of 8.3 trillion, excuse me, 8.7 trillion. Among them Facebook, the cheapest at 19 times earnings. If you think Facebook is gonna just completely triumph over their problems in recent history, then you should be loading up the vote because Facebook at 19 times earnings when the S&P 500 is 20 times earnings seems like a bargain, but I would be careful and I am not buying Facebook in any way, folks. I hope they have some tough roads ahead because they deserve it with what they're doing a society to put it lightly. Tesla, priceiest at 114, 14 times. Mega cap tax, mega cap tech stocks. Say that one 10 times fast. Mega cap tech stocks may still get cheaper though as you're opening down 1%. These were numbers off of yesterday's close. So when we have the NASDAQ 100 and we shouldn't talk too quickly as all the market's catching a bid. There's your acceleration on the open. We're up to 14,552. You've clawed back more than 100 points off of the lows in the NASDAQ 100 and the S&P is surging to 4308 this morning. All right, what else we got going on? Let's jump down on the line with some of the companies that are moving. Constellation had their numbers out. Looks to be trading lower a little bit. Down by about six tenths percent. Fast market, 12 noon Eastern time. Kevin Hinks, they set up a example trade on this yesterday. Forget the specifics of it, but it's always awesome how they set these up, folks. I think Kevin had a multi-led leg trade. He had a calendar spread on the bullish side and he financed that with selling a put spread on the bearish side. If you don't know what I'm talking about, tune into the program at 12 o'clock today, folks. They walk you through it, hypothetical trades. It's a great way to learn multi-leg trades and options. It's very simple to understand. A call is the right to buy a stock. A put is the right to sell a stock, but it's pretty awesome once you get the concepts of whether it's paying for premium, selling premium, Delta, Theta, and they walk you through it all at noon Eastern time every trading day, folks. All right, let's jump around some of the equities that are moving this morning, the stocks making moves as we pull up. Here, come on, where am I? Here we are. We talked about Constellation. So the miss on this quarter, which is interesting, quarterly earnings of 238 a share, the consensus was 277, revenue beat forecast, but here's the kicker, which I think saved them from this quick sell-off that we had. Not often do you miss right now on earnings, but say that we're gonna raise our full year earnings outlook, but that's what they did. They actually increased their full year earnings outlook while missing on earnings on this quarter in the market. Never cares about what you did 30 days ago, folks, as long as you're gonna write the ship and you tell them what you're gonna do in the next 30, 60, 90, 365 days, and things seem to be well with Constellation, and you're seeing a catch a bid now in the positive this morning, all the markets catching a bid right now, which is remarkable. All right, down the line, Norwegian, this is an interesting one. Talking of the closing bell yesterday on CNBC, the company will have its full fleet in operation by April. Not that long, six months from now, they'll have their full fleet of ships out there cruising for the first time since the pandemic began. 75% of their ships are gonna be sailing by the year end, and you are actually lower, so I'm not sure what they were talking about more than that. You're down about 6.10%, maybe they would just lower them with the market this morning. Let's jump to some of the airline stocks and see how they're trading. We're putting it on a daily to see the run they've had recently. A little bit of a bounce, but today you're pulling back American down 2.4%. Check that out, Delta down 1.5% right now, United down 1.5%, Boeing down about 3.25%. I've talked about Boeing on the channel line. I pulled up that queue channel line before, Boeing right at this bottom area of that upward channel. That's an area you could look for a buy, folks. A little bit tough when you get the market, potentially with some volatility, but maybe this is a turning point as we start to see whether it's Merck's antiviral pill coming out, whether it's cruise ships saying they're gonna have 100% of their ships in business within six months. Maybe that's the turnaround that some of these travel stocks need. Boeing, they got a long way to go if you can catch a bid on Boeing. Even if you're talking about the channel line, you just trade to the top of this channel line. Boeing said some huge swings on either side. You're talking about almost $100. It's like a 40% acceleration if you just make it to the top of this channel line at about 3.15 on Boeing. And that's quite an if though on Boeing shares. Some of the other travel stocks will jump. Airbnb down about 2.10%. Airbnb has had quite a run recently from July year. 130 up to almost 180. We're back to 164. We'll finish it with Expedia shares right now down about half a percent. Jumping to Uber. We have Uber in my newsletter folks up 2.2% today. Look at that pop. Now I wonder if this has to do it. There was some story out here. Where are we on Uber? I know I got something up here. Come on. Is that one of the companies? No, I have an article up here then that they're talking about that you may be able to... No, there it is. They're gonna track your flight so a ride home is ready when you land. Not sure that's given it the boost this morning but nonetheless Uber up almost 3% as this market is catching a bid folks. Stay tuned. We're gonna be talking some Forex. We'll be talking some oil I imagine as well with Teddy Kegstad from Forex, Dash Trading, Dash Unlock. We come right back. We got the new dollar moving right back. Are you in the market for buying or selling real estate in the Bay area including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties you're capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, four-side fund services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com, then hit Watch Tiger TV. That's TFNN.com, then hit Watch Tiger TV. Welcome back, folks. We get the S&P's negative 21 points right now, but markets catching a bid from the overnight session and catching a bid right on that open right now. S&P's only down 21. You were down to a low, folks, of 42.73. So you're talking about 38 points. We've caught a bid from those lows in the overnight session. All right, let's jump over to our man, Teddy Kakes at Every Trading Day, folks. You can reach Teddy at forex-trading-unlock.com. We talked to Teddy about the Forex market every Wednesday at 40 past the hour. Teddy Kakes at, good morning. Good morning, Tommy. So, where do we start, man? We've had quite a run in oil this week. I'm always thinking about you as I see those crude prices climbing ever higher. We almost made it to $80 in the overnight session on Lights Tree Crude. Why don't maybe we start there so we don't rush that conversation at the end of this talk? Because, man, this market has been on fire recently, Kedi, and to your credit, you've been pumping it for $100 and seems like it's a one-way ship upward right now. What are you looking at in that crew contract? Well, I'm looking for it to follow through and I think it's gonna have a ripple effect into multiple markets. So I think it's gonna hit everything from the S&Ps to the interest rate markets to the currency markets as well, especially the currencies that are balanced off of oil, whether they're oil rich or oil poor. So I think it's definitely gonna be rocking things. And why not? Could you just jump into those countries in particular? We talk about it often, but we're always getting new listeners. When you say those countries, whether you're producers or consumers, so we got crude rocking higher. Where do you go in your head from you take crude higher to what currencies do you look for that that's gonna have an impact on the most as crude? I agree, it's just a huge influence across the board right now, which is why I ask, yeah. Sure, okay, well, here's the way I look at this scenario panning out. As oil gets above $80, we already know that there's a threshold in the economy. This is pre-pandemic. This is when the economy was much smaller than it is now also. So when oil gets above 80 and starts to maintain that, let alone get to 100 or more, we know that there's gonna be a lot of dynamics to start to change. Now, the last time oil got to 100 or above, you gotta realize we didn't have the inflation that we have right now. So that's a huge, huge deal. It's gonna make the oil rally now the amplification of its ramifications is going to be exponential compared to what it was, say back during the Bush era, back in the early 2000s, okay? So anyone that remembers that when you were paying for regular gas, you were spending $6 for a gallon of gas. So I mean, now the taxes are higher than they were before 20 years ago, 15 years ago. So I mean, like all these things are gonna hit very, very hard. And it's not just the United States. It's gonna hit places like Japan. Okay, like if you look at the US dollar yen, they started to break out to the upside with this as oil is moving back. You know, remember I told you the oil trade was off the table a couple of months ago up until a couple of weeks ago, I said as we get back into, if we get to above 80 and towards that threshold as we go towards 100, which I'm telling you, we're going to 100, you know? I mean, so, I mean, and this is gonna have a big impact on the yen, the US dollar yen, even if the dollar is weak, the US dollar yen trade. I mean, I tell you, 116 is not far-fetched anymore. If anything, 122 in the end could very easily happen by the end of the year if we see oil escalate. If it starts to really explode to the upside where we go from 80 to say 90, 95 and we do hit this $100 threshold, you realize that even if we have a 10% correction off that, that means oil will go from 100 to 90 bounce fine support and then go higher, you know? So, and that's gonna have a ripple effect in the currency markets. And then you have your supply chain issues. You know, I don't know what it is like completely globally, but I read last week, you know, you have over 500,000 container ships crowding the ports of the United States, Houston being one of them. So, the ability, even if we had cheaper oil and we could have it all flowing and whatever, the ability for oil to get to the refineries and move from one place to another and what have you is being restricted by all of these other ripple effects from these other things from the pandemic. You know? And it's gonna drive like, I think the US dollar or Canada trade, that bear is coming back. You know, I see like, I see definitely see the US dollar yen long-term trending higher. US dollar, Canada, we have a head and shoulders now that is formed on the daily basis, you know? And now we're treading looking to fall back down as oil gets stronger, the Canadian dollar will be strong versus the dollar. So, it doesn't matter anymore. We have true divergence in the currency market. So, where the US dollar is gonna be strong versus the yen, it's gonna be weak versus the Canada. And in a normal world, you'd be like, well, how does that happen? But this is not a normal world we're living in anymore, you know? And when you look at these conditions, something like commodity, a commodity such as oil where I don't care how much we're coming off the oil nipple, all the heavy machinery is used by, we need it, you know? So, I mean like, that's not changing anytime soon. You can't just flip a switch with this stuff, you know? And I think the ripple effects are gonna be big, you know? So, the Euro, the Euro also, you know, member back in the spring when the Euro was up at 122, I mean, everyone was arguing, oh, we're gonna see the Euro at 135, 140. And I'm like, I don't know about that one with the oil train, you know? And now, I mean, I wasn't looking for it to necessarily, I never was very bearish the Euro, but I'm like, I don't know about being remotely bullish the Euro, you know? And now we're worried too. You see how, if you look at the dollar index, we know the major components is the Euro and the pound, okay? The Euro is making new lows, the pound isn't. It's trying to hold up because they're oil rich, you know? So, and it's going to have an impact. The US dollar Swiss is getting strong once again too, you know, because of these same dynamics. So, where you have the dollar strong against two European currencies, it has a trouble with the pound. And it's gonna have trouble with the pound going forward for the, you know? So, and I think the same thing is when you look at the Australian dollar and New Zealand dollar, you know, it's because of the restrictions and because of these other supply issues that they're not gonna be able to get rid of their stuff. I mean, look at what gold is doing, you know? And there's a move. If you look at the interest rates, how they're selling off right now, you have this dynamic that, you know, even the price of crude and the cost of carryover goes up as interest rates go up, you know? And that drives even more inflation, which then, you know, all this stuff starts to become a domino effect where one chain starts to become four, five little loops, you know, how the dominoes spread out when you start with just one little row and they grow out. And these are the ripple effects, you know? We're coming on the 34 year cycle for Fibonacci for the stock market crash of 87, you know? October 17th is just a week and a half away, you know? And I think this perfect storm is here, you know? I think we are definitely in motion and we're gonna have a wild, wild ride and we're gonna see some big trends in the currencies, you know? The dollar being over there. It's pretty cool. Just a giant, I completely agree, man. And Kevin, we were talking about kicking off the program saying it's an awesome time to be a trader, man. And it seems like it spans whether you're in futures, equities, forex, commodities, my goodness, right? And I agree with the way that, listen, we have a lot of supply disruptions, man. You see it across the board. I think we're gonna see it all the time in these earnings coming up. And it's just so prevalent that I imagine it's gonna take a year or two at a minimum to work itself out when, just like you talk about, ships can't get into port, man. We got kids at home. I'm thinking about starting shopping right now, Teddy. And I'm not joking, folks. If you have kids out there, man. Yeah, exact, get your products now because I'm not gonna be waiting when everything is out. And today, like you said, it's not a normal situation. And so even in my own mind, you're making decisions, right, to plan for those types of disruptions. And then it's like, where do those ripple effects? That's, I was just gonna say, where do those ripple effects go, right? It's pretty cool, man. Teddy, we appreciate the conversation. As always, man, you have a great week. We'll talk to you next Wednesday. Take care. Thanks, Teddy. Take care. We'll be right back, folks. It's happening. Listen, I'm not stepping in front of that train. No way. Thanks, Teddy. We'll be right back. 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. 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. 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For more information, you can call 877-518-9190. That's 877-518-9190. 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 got a little bit of volatility in both directions. Let's put it on a five-minute chart to see the action so far. It's about 5.30 a.m. in the S&Ps overnight. You rise right out of the gate from about 4295 to above 4,315. We had 20 points up and just like that, folks, in 10 minutes we got 20 points down. You're right back to where we opened. NASDAQ 100, not quite back down to that, but we've given up a decent portion of the gains we had. You get the Dow down 320, actually, below where we opened in the market right now in the Russell, down about 25 points. We're going to do a little bit of a sports update. Major League Baseball, you had the good old Red Sox getting it down versus the Yankees. Now, I do not agree with this AL-1 game playoff, a play-in wild card. Nonetheless, Red Sox beat the Yankees last night in Fenway. They will face the Tampa Bay Rays kicking things off on Thursday for the ALDS. The Red Sox come to Tampa. The Rays winning their division over the Red Sox and the Yankees, kudos to them. The Rays just continue to struggle to get people in that arena, unfortunately. But nonetheless, Red Sox get it done last night. Interesting game, some ups and downs for both teams. But just in general, it's a tough one. You play what is it, 162 games in the year, all for the volatility of one playoff game to get into the playoffs. Seems like it demeans the regular season to have one playoff game like that. Red Sox throughout Aaron Judge. I think it was in the fifth or sixth inning at home plate. A couple of my friends, New York Yankees fans, not happy at that third base coach sending that player, the third base coach for the Yankees. I think he got 21 or 22 players thrown out this year, one of the statistics, one of the higher numbers out there. Point being, he got one bad play where they maybe sent somebody on third base, and it demeans the whole season. One game playoff, kind of ridiculous. Baseball has got to get their act together, folks. 162 games, the regular season is almost meaningless. And then they play one game to get into the playoffs, and then they got a five-game series coming up for the ALDS. All right, what else we got? Let's just check around. Some of the fang stocks as we wrap up the session, folks. We got Amazon shares this morning, down 210. So let's take a look at Constellation. Up to 217, down to 211 with this market, volatility on Constellation. Stay tuned, folks. We got our man, Basil Chapman, coming up with the Tiger Technicians Hour, Larry Pezzavento with TradeBitUC at 11, Fast Market at 12, Steve Rhodes, Dave White, Tom O'Brien all this afternoon. Live programming all day, folks. Stay tuned. You're right back.