 to our man Mr. Dave Mazda as we do each and every other Monday. Dave is the head of product and managing director at Direction.com. Many of us trade these direction shares each and every day and of course when the volatility goes up, bottom line volatility is a trader's best friend. There's no doubt about that. Now as you come over to our website at TFNN you just hit that banner you'll be able to bring them with direction. Website up and the bottom line is it depends on what your flavor is out here today as to what you'd like to trade. Dave Mazda how you doing? I'm doing pretty well. I'm watching this market action just like you are. There is no doubt and you know it's wild and I mean you know you guys being the sponsor of these ETFs I'm sure you know it. We've seen the ebbs and flows you know like but we've all been long for so long that it's kind of neat basically seeing a pullback well you know in general I think it's kind of neat seeing a pullback okay in general okay because it gives you that many more opportunities inside of the marketplace and you know like if we look at your small caps not your small caps Dave but you know I'm saying you know the bottom line is that you know you have the IWM down 420 right now folks and you know I know many of us between the TNA and the TZA it gets popular then it you know you don't do it for a while then it gets popular again. It's just funny now so my question is I've seen what I do myself Dave and it's really funny you know you don't trade a sector for like three or four months and all of a sudden you jump on it again so it's pretty cool to me when you have a day like this because then you can kind of pick out like between oil the small caps gold you know what I mean it doesn't matter what side you're on but now you really have some opportunities. Yeah whether you're a long-term investor you know you have your buy list or if you're a trader you still kind of have your buy list right or to your point kind of the funds that you're gonna look at when the opportunities arrive so today the volume we're seeing in TNA and TZA is off the charts as you'd expect because the move has been so sharp and frankly it's on the back of a pretty sharp leg down and small caps to begin with as we saw this rotation basically back to the mega cap growth stocks over the last few weeks as interest rates have you know really collapsed another area that we're seeing a lot of activity in is actually the bare side of our high beta products this fund is a little bit smaller a little less a little newer a little less well-known the ticker is h.i.b.s. I know we've talked about the bull fund before that's h.i.b.l. but on a day where the highest beta stocks like your value names your energy your small caps are really getting hurt again if you're taking the inverse of that that funds doing really well so we're seeing that fun come out of nowhere and that's really I think as you advocate for one of the reasons why we offer so many funds is that some of them will go in and out of favor from a trading opportunity and why we will continue to kind of bring more in a market as a as the opportunities rise now this is really cool h.i.b.s. so inside this whole so this is S&P 500 three times high beta bear all this is pretty cool so you're doing and you have in the end again in the end this thing's liquid we've already done 645,000 shares right now yeah so this is intriguing right okay exactly so again not it's not as liquid as the gold miners or semiconductors but it's one of these funds it's you know people have kind of begun to chip away at an on days like this yes that's what that's when you want to be looking at saying hey what's a fund I haven't necessarily looked at or traded in a while but the opportunity can really arise so don't necessarily ignore funds that might be newer to your point you might not trade every day you know are the financials FAS and FAZ certainly they see activity on a daily basis inflows and outflows depending upon what's happening in the market but their volume essentially is pretty flat over the over the last year or so as other areas the markets like semis and tech and biotech rally but now you know there's these moves in the banks particularly after putting up some decent earnings last week has been pretty remarkable mostly because of their impact on on long-term interest rates but that's a fund that Thursday Friday into today I've seen a lot of activity or people are kind of trying to play the reversal of this in my opinion yes that that certainly may be coming but that that's we're seeing traders take advantage of and you know folks they brought up a great point because JP Morgan city group Morgan silly come out with phenomenal earnings man and they're all down it's like okay so you know that says quite a bit about you know where interest rates are going you know what is a bit amazing here Dave is that the the interest rate structure like who would have thought I mean I've been bullish on for a while I sold in the last high but the bottom line is it's amazing actually when you actually look at this market but guess what the markets right again man the bottom line is that you know you get markets down you get interest rates up you know I mean while interest rates higher price low yields you know I mean pretty amazing man no doubt yeah I think what's interesting is that lower rates were supporting the market for a long time but it's kind of this love-hate relationship that's now been built with rates is that the second we saw the test of 125 on the 10 and now dipping below that that's not being viewed as a real negative with that being said you know we'll see where this lands but focus on the dollar would be my recommendation as well as a fact and listen folks don't forget every day right on the front page of a direction they have the creates and the redeems are and then you know what as they it's really important to keep your eye on those Dave thank you so much have a great one safe one we look forward to having on to today thank you talk soon thank you stay right there folks come right back