 The following is a presentation of TFNN. The TFNN Bull Bear Training Hour. Every training day, live at 10 a.m. Eastern. Call now, toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Training Hour. Now, Tom and Tommy O'Brien. Welcome folks, I'm Tommy O'Brien. Tom's going to be joining us after the first break. Checking in on markets, we got a positive start to Friday trading. Options expiration as well. S&P futures, excuse me, up about nine points right now. Trading at 3105. We get the NASDAQ up 33 points. Trading at 8512. Dow Jones, positive by 88 points. Trading 27,870. Ten-year yield, 1.83%. Getting a little bit of dollar weakness. Dollar index trading right at 98, down about 17 ticks. Oil contract up about seven pennies. Oil has had some volatility. We'll jump over to that chart in a moment. And gold contract down about $7 at 1465. Gold pretty much right where we started the week. We'll start things off. We'll jump over to the charts, jump through the indices. We'll start off with the Dow. As I mentioned in the update, a little bit of a sell-off on the opening bell. There's your 930 bar. We came into that bar at about 27,865. We're only about 35 points off that level right now. NASDAQ 100, a little bit of a sell-off as well. Currently trading at 82.93. About 20 points off the level we were at coming into the opening bell of 83.16. There's your S&P 500. You can see when the market opened. A little bit of a sell-off from 31.10. We're about six points below that level, trading 3104. There's your crude oil market. Crude right now showing just almost within 10 pennies of where we started the day in terms of last night. But man, oh man, we had quite a sell. Down to 5 a.m., $56.50. We're now back about $57, the price of December crude, and the gold contract, $14.67.53. And as I mentioned, a little bit of dollar weakness, Euro strength, Euro trade, $110.49. In terms of the retail number, the number that the economy, in terms of what we had been waiting for, for economic news this morning, 8.30 a.m., we get retail sales and we get a rebound of big ticket purchases dropped. So the Commerce Department saying on Friday, retail sales increasing 0.3% last month, lifted by motor vehicle purchases and higher gasoline prices. September's 0.3% drop was the first decline in seven months, so a little bit of a rebound there. Excuse me, consumers cut back on purchases of big ticket household items and clothing, which could temper expectations for a strong holiday shopping season. So the sales rebounded in October, but consumers cut back on purchases of big ticket household items and clothing. The Commerce Department said on Friday, the 3% increase last month, lifted by motor vehicle purchase and higher gas, reversing that unrevised 0.3% drop in September, that was the first decline in seven months. Economists had been looking for about 0.2% in October. Compared to October last year, retail sales advanced 3.1%. Excuse me, so here's where we get into it. Excluding automobiles, gasoline, building materials, and food, retail sales increased 0.3% last month. Data for September was revised lower to show a so-called core retail sales slipping 0.1%, instead of being unchanged, core retail sales correspond most closely with the consumer spending component of the GDP. Jumping over to what else we have going on, in terms of news out there, it is still earning season, and J.C. Penny will jump over to their chart in a moment. They reported on Friday a smaller quarterly loss as the embattled retailer benefited from lower marketing expenses and an increase in in-store and online selling margin, sending its shares up 10%. There aren't even more than that at one point. 117-year-old retailer said net loss, pretty remarkable when you come out and you lose almost $100 million in 90 days, and the market says we're going up 10%. Net loss narrowed to $93 million, or $0.29 a share in the third quarter and in November 2nd, from $151 million a year earlier, J.C. Penny really trying to turn things around. They also raised its forecast for adjusted earnings before interest tax depreciation and amortization, EBITDA, for the rest of the year to exceed $475 million compared to its prior outlook of $440 to $475 to jump over to those shares as we jump across the stories this morning. J.C.P. Up about 8%, so man-oh-man, talk about pairing some of those gains. You closed yesterday, where were we? So we're up only about nine pennies right now. You closed at about 110. We were up to 137, and this is what I love. Thinkorswim, their partner, of course, you can see exactly when the conference call started, folks. It starts at 830. The shares were trading at 130. I'm not sure what they had to say on that conference call, but some of the euphoria about the numbers, which were released at 730, market shoes up to 137, whether it's the CEO or who was on that conference call, they start getting asked some questions. They start putting out some more information. The market goes from 130 to 118 right now. Still, though, J.C.P. Up about 7.3%. Keep in mind, they lost $100 million in 90 days, almost $92 million. So yeah, their turnaround, they're saying it's on track, but they still got some work to do. Jumping over to other stories, we had talked about it before. Under Armour. In the news for some accounting questions. The news breaks about a couple weeks ago that the Justice Department, investigating their accounting practices, this on the heels of their founder and CEO, stepping down a few weeks before that. You have Kevin Plank, and now it comes out that some of the details reportedly borrowed business from future quarters in 2016. That's three years ago. It'll be interesting to see as this gets reported how long people knew about this. Anytime you have a CEO and a founder stepping down for the company he founded, and a few weeks later it comes out that the Justice Department, not just the SEC, the Justice Department, investigating the company for accounting practices, which is, there's nothing more quarterly business than telling the market how much money you're making or losing. And it goes back to 2016, borrowed business from future quarters to hide slowing demand in 2016. We'll pull up their chart in a moment, because man, oh man, when you see how bad things were in 2016, alone if they were fixing the numbers, Department of Justice SEC had been investigating the Baltimore-based company, person familiar with the matter, told the journal that federal investigators are examining emails that show the founder and CEO knew about the efforts. Again, you know, it wasn't reported that he knew about it at the time, but anytime the timing of things, pretty coincidental, and coincidences aren't too coincidental sometimes. The two investigations were confirmed by Under Armour in early November, but the company has said it's been cooperating with investigators since July of 2017. In 2016, Under Armour leaned on retailers to take goods early. From executives in sales, logistics, merchandising, and finance, told the journal, sportswear intended for factory stores would be sent to off-price chains in order to book sales in the final days of a quarter. Some of the executives told the journal that such moves were common in the retail industry. Well, if they're so common, why is the Justice Department looking into what they're doing? A person familiar with the matter told the journal that federal investigators are examining emails that show their founder and CEO knew about the efforts. He stepped down. No, it's even he. So he's stepping down as of January 1st, but will remain as executive chairman. We'll see if that is how things play out. And to see how the shares are trading this morning, they weren't too moved pre-market. And look at that. Not bad. Stocks up 8-10 percent when you get news like that. So not really hitting Under Armour shows this morning just yet. Jumping over to other stories, Warren Buffett taking a stake in RH, formerly known as Restoration Hardware. So Buffett's conglomerate also added a new investment in Occidental Petroleum worth about $332 million. Decreased its stake in Wells Fargo by 7.7 percent to 378 million shares. Quite a position still. So to dig into it, RH shares surged this morning. We'll pull up that chart in a moment. Warren Buffett's Berkshire Hathaway revealed it owned 1.2 million shares of the furniture retailer. If you haven't been in a Restoration Hardware store, folks, check it out. I'm not sure you want to spend the money that they want for their furniture, but it is quite a store that they do it up. And on the heels of Warren Buffett investing, up 5.35 percent. But man, they're already off about 8 bucks from that high this morning. Stay tuned, folks. We'll be coming right back. Thanks for watching. If you're new to our channel, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. 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Details on The Tiger's Den or on the front page of TFNN.com Educating investors Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Tom and Tommy and Brian, we do appreciate your garral and in problem with us out here on a Friday last night we hit all-time highs this morning we hit all-time highs Did you hear man, Cudlow said the trade deal it's happening, it's right there man Trump sent them out there It's pretty good when you got the king cheerleader Trump and you got the cheerleaders underneath them and the market's just like oh, oh they said it's gonna happen and every time you get material facts but you know, hey, higher territory It is what it is, that's what it is Listen, this morning when I woke up folks is that Dave White talks about this a lot the remnants of a stock operator It's one of the best books out there if you've never got it, get it and this is almost like the 1930s is that the market basically, you have operators moving the market on a continual basis and you know, that's what I just saw Cudlow last night saying the strokes are getting shodder, that was the quote inside the thing I guess what folks, you believe that you believe anything, you know but this is a, we get a long road to go we'll see what shakes out the sorry, you're just talking about Underama, right? Oh boy Yeah, so they've been cooking their books for a while At least 2016 it seems like since then and you know, that's how convenient the market is So what did they do? Let's see if we can go further back I was trying to see, did they do something that they they didn't go public then, right? When did they, couldn't pull the Yeah, for some reason, no, okay Well there's, so this is intriguing at least we go back to April of 2016, right? 46 bucks and that is when they talk about doing these things, okay? So they're holding the stock up They're borrowing from future quarters Right Well look at the future quarters they were borrowing from Yep It all came to roost, they couldn't hide the money, you know Right All the inventory, exactly Right, so they bought about a 10 bucks and this is where, you know it should be criminal man, you have people putting their money in a stock at $45 and you take over 75% of that money from them by hiding the real numbers of your corporation You know The sad thing is in the equity markets I'd say is that after the debacle of 2007-2008 these CEOs knows that you know, guess what, if no one went to jail then no one's gonna go to jail for a long period of time, okay? I agree, you know, and I hope that's not the case though I agree, this shouldn't be There's no doubt man, it's a kind of an idea but we, you know, we know what happened Just jumping over the article, you know it's not just the SEC, you got the Justice Department All right, so that's a different deal off the bat and the news this morning saying that e-mail showed that the CEO and founder knew about the efforts and not a coincidence that he just stepped down and that I guess that stepped down is effective January 1st, so he's still Evidently they knew all this was gonna come out now Of course, I mean they were aware of this since 2017, I think they said if we scroll up, yeah, cooperating with investigators since July of 2017 That's right, because that's the one they come out, they've been under investigation for two years and they just came out with it and the CEO had stepped down a few weeks before that these are just some of the actual details finally coming out that, yeah, it's not a coincidence of course he knew, and something like this so this is I believe a Wall Street Journal article so they're breaking, that came out yesterday and you know, this is the type of deal that you probably had the journal contacting and I'm just speculating, you probably had the journal contacting the company saying listen, we're coming with this news you gotta give us a quote or not and the CEO says man, I might as well step down because the heat I'm gonna face is not gonna be good for the company let alone if he's gonna be facing potential criminal charges, which he should if that's how it comes out folks, he can't just be fixing the books, you know, taking investors' money especially when they have share interest you know, it's straight out robbery, let alone you know, yeah Dow does up 121 Nasdaq's up 45, S&P's up 11 and a half so let's go see what are the S&P hit out here this morning you know, right about 3110 I think, 3111, we were right up near that high yeah oh yeah, so 3111.50, so you hit it last night that was back it up one, is that was that two o'clock in the morning, yeah, there it is 9,950 oh look at that is the high too and then it tried to get it tried to get there this morning we missed it by back up to the last part too, just to make sure it was 25, by 0.25 3111.25, 3111. 50 and 9 but guess what man, we're three points away right now, give it a few minutes Dow AMR N, so yeah, so this is interesting, you know what's interesting about this, I was reading about this last night too, is that this is all about fish oil and that's what, you know, that's the one of the main ingredients inside of this, whatever way they did but it was a 16 to 0 vote so their drug got approved, why don't we pull up the news because we got a call about this yesterday they still have to go till December something the FDA, but it was 16 to 0 that they think that they should expand on the label meaning that, you know and that's where for those, you know, the drugs label that's what you're allowed to market for you know, it's still, people might use those drugs for those things, but the ability to literally market for it is a big thing, so unanimous panel backing that's what they're saying to expand the label for their heart drug, VSEPA Spark Drug Debate across Wall Street, as analyst investors wade whether the drug could be sold to as many 15 million Americans the divide comes as members of the advisory panel to the U.S. Food and Drug Administration offered different opinions when it came to specific recommendations according to an analyst, I don't know what the differences are if there's a 16 to 0 I know, I know and potential billions in sales and of course the stock halted yesterday just awaiting that decision so they do get a unanimous approval and the stock trades higher let's see what some of them said with unanimously favored response for label expansion question moves to which patients make it on label with 10 of 16 docs voting in favor of both look at how that works author sclerotic, cardiovascular disease groups maybe Roth highlighted that some committee members were caught up in the analysis that showed a 12% relative cardiovascular I'm guessing CV risk reduction without significant benefit for patients who had not had something like a heart attack out of 10 of the 16 panelists who were receptive to label expansion including primary and secondary prevention patients so I wonder if that's the primary and secondary what kind of a patient you are they don't expand it but expand it for who maybe you need to be in not more dire but something like that with the six others wanting the drugs labeled to include patients who had a stroke so there you go it needs to be more extreme so 10 of the 16 wanted to go to primary and secondary and the six others saying they really only want to offer it to people who have already had that type of an event but stock trades higher and hopefully just the benefit that everybody out there the call yesterday had a great personal experience story with someone in their life helping so beyond the money of things that's good news try glycerides now I know I try glycerides too we were looking at that yesterday even at the break exactly so this one is really interesting Warren Buffett getting into restoration hardware at highs mind you and what's intriguing here is that you know does well that's saying he's bullish in the housing business that's for sure I mean restoration hardware is so expensive it's just amazing did you hear me saying at the end that if you haven't been in a store I'm not sure you want to spend the money for what they're offering but go check it out because it's an experience it's there is no doubt there's no doubt you know so what he evidently must think that the interest rates are going to stay low I mean you know he has mohawk cockpit which you know he has the he has the largest he owns mohawk which is of course the flooring business the cockpit business all that's one of the biggest floors he owns the largest maker of mobile homes so inside his portfolio it's like okay does he know that this is still cash flowing when I saw that when I was thinking maybe he's bullish higher versus anything that makes sense though stay right there folks Tom and I come right back hi folks Tom O'Brien here if you'd like to get my daily newsletter now is a great time to sign up for a 30-day free trial every morning by 9 30 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 are 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 newsletter 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 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go back seven eight days trading in the same zone the furthest gets away from like even what 3097 you know the bottom line would say I mean there's no volume but the bottom line that's saying since October 10th man right 2881 up to above 3100 and just like nonstop right apple let's go over to apple because we know that you know bottom line is one of the targets to say and it's been a steep run there's no doubt about that this is that you're looking at a six month shot which is just I was going to even go back further but go ahead we'll keep that just it's amazing it keeps 175 to 231 because even the turnaround which you see just let's go two years on daily we'll keep it because man that December low 142 to 264 talking about 120 bucks almost 100% yeah on a company like Apple right it's there's no doubt that is that is one monster move and hey we'll see whether we can basically hang up here amat came out with numbers last night now this is a big deal so amat folks okay I haven't been able to find yet their back on us but you know they had good numbers and the back are important because what happens is that the semiconductor business in general like if you're the CEO of Intel what happens is that you're buying all this equipment off amat but it takes so long to make a plant that you're like ahead two years okay so their back on is a really huge and this is saying that guess what this is saying that we're we're going to be using chips on everything and we don't know we are but that's what that's saying you know because and this one more than 100% in that December low man just huge amounts so you know we know that chips are driving everything right now I mean when you go back 15 years they were always saying that you know we're going to have chips everywhere but we really do have chips everywhere now that's the this it's actually happening right now you know so jumping over to Uber right we talk about this in a moment because it'll be interesting to see how this plays out man whether you have an opinion or not I'm not sure how it's going to play out Uber getting a lot of tough press lately in terms of their founder Kellan Ecke or Kellan Ecke selling a lot of shares right the lock up expiring that whole deal going on but it'll be interesting to see how this plays out I mean you know are there employees contractors or other employees right because that's going to be the heart of this and you have New Jersey saying you know they're employees not contractors you know they're going to try to collect a $650 million bill folks yeah off them for not basically uh corporate payroll taxes as an employee versus a contractor yeah so a state-by-state dismantling of that model could reverberate across the gig economy and have a staggering impact on Uber's bottom line the company's general and administrative cost 18% of sales already are much higher than other large tech businesses according to a Bloomberg intelligence analysis Uber's cost per driver and those of rideshare competitors lift could jump in more than 20% of their force to reclassify workers as employees New Jersey recently hit Uber with a $650 million bill for unpaid unemployment and temporary disability ability benefits taxes the company is still fighting a possible similar assessment across the Hudson River in New York where the state labor department also has determined that drivers the company connects with customers are Uber employees so the tax questions just spotlight we've talked about it I think Uber's going to be around it's a risk that you should be quantifying though if you are in that equity because you may not be a fan of taxes folks but taxes get things done and if companies just start paying no taxes on corporate payroll taxes that's got to come from somewhere there's got to be cuts across the board and companies are now having workforces hundreds of thousands of employees and they say that they don't have any employees so be aware of the ramifications if that becomes a nationwide phenomenon and so the definition of an employee this is where this is going to be in court for a long time because what happens folks is that if you have a contract employee you cannot tell a contract employee what to do meaning that I can't say you're a contract employee I can't say you have to be in from nine to five you know so there's a lot of nuances in this right that's why I say that's why I say it is and that's why I don't think even if it's settled it might become re-litigated it'll be a constant battle no matter which side I think it won't be settled forever because it is so closely skewed to the middle of that qualification every corporation would love to say that there's a contract employee and that's why I say that's where we're going you know people are able to work remotely from every facet of what they do so what is stopping companies from just hiring firing allowing workers to work when they want work when they don't everybody is replaceable everybody works the hours they want and guess what everybody becomes a contract employee and then there's no more any type of corporate taxes that go along with employee taxes which are really high I get that right we get that run a business we get it right that's a substantial amount of tax you're talking about matching it so what happens folks you get a match it you know the when you get an employee that comes out and then the employer has to match it which you know turns into big money every week you know what I mean match the taxes that the tax that you not your fight girl okay but the tax that you take out meaning the social the medicaid we match it right exactly they just do away with them exactly exactly gold let's go over the gold market we got we got a friday inside the gold market and it's holding up so coming into the weekend it's not a bad deal you know we got a law out there 1462 today or 1468 I like how it's set up man let's you know on the weekends particularly inside the metals market that's when they can take that thing south in about two seconds and when they take itself man they really like to take itself the dollar out of mind that has pressure on the way down now we haven't seen that for a while you know yesterday was selling some selling in the dollar today you get some selling in the dollar it's gonna be all about the S&P today in the NASDAQ and you know can it hold price yeah you know and if it does hold price guess what let's say next week can go higher it doesn't hold price at these highs people gonna be like you know like okay it seems like the markets shaking everything off though I mean we got factual news reported that China doesn't want to buy soybeans market shakes it off and then Kudlow just says don't worry everything is cool so weigh the two of those right which one should have more weighting right but the markets at all time high so as you say it shakes it off man shakes it off how about Hong Kong hopefully this doesn't continue to persist man because the violence and now you have Hong Kong's number two official promise more decisive measures not sure what that means but to halt the protest violence as the financial center excuse me faced another weekend of unrest after five straight days of roadblocks vandalism and spontaneous marches so chief secretary Matthew Chong maybe outlined the plans hours after city officials confirmed that Hong Kong was heading toward its first annual recession in a decade president she had said that bringing the violence to an end is Hong Kong's most urgent task well a scuffle involving the city's justice secretary and the second protest related death in a week height intentions right and that secretary that was in London they what happened is that yesterday they're doing a deal in London okay and she basically got rousted in London you know it's scary stuff right it's it's heavy some of the videos coming out there scary stuff you know I don't see a way that they're gonna stop that's what worries me the most as well you know when you can't envision an end to things right I get scared yeah say it there folks Tommy and I come right back 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% a $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period that same $50,000 investment in the tiger first mortgage program would give you $3,500 per year or $14,000 over the four years what should you prefer $6,200 or $14,000 of interest on your investment if you'd like more information about the tiger first mortgage program you can call me at 877- 518-9190 that's 877-518-9190 if you haven't checked out the newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative up to date affordable and must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks, bonds, metals commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com with more and more news. business investors biotech is booming, but for how long whether you think the biotech bull has room to run or has run its course trade la bi you or la BD Directions Daily SMP biotech three times bull and bear ETFs visit DirectionInvestments.com biotech today an investor should consider the investment objectives, risks, charges and expenses of the direction The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact Direction Shares 866-476-7523. 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. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV for the latest market information. Folks, Dow, Dow Industries up 113, NASDAQ up 40, S&Ps up 11, and you got to see this video folks. You haven't seen it. Tommy was just showing it to me, and the thing is so bizarre, there's a couple of different things that are bizarre about this, but when you're watching it, I want you to understand that, you know- I'm not sure if the video is going to play on here, but they can look it up themselves. They can find it. It is everywhere this morning. You get the Cleveland Browns defensive end, hits the Pittsburgh quarterback with this helmet. Guess what folks? Cleveland was winning. This is even more bizarre. So there's a quick snapshot. It was the end of the game. You had Cleveland winning 21-7. Usually it's the losing team that gets really chippy, right? And it was kind of the losing team that got a little chippy. So you had the quarterback getting a little bit chippy. He gets sacked. He doesn't like the way he gets sacked. He kind of shoves the Cleveland guy's helmet. It's football. These things are standard stuff. All right? He might have gotten a penalty. And for those that didn't see it, it is everywhere. This is on the front page of CNBC. Okay? You don't normally get Thursday night football on the front page of CNBC. And you have Garrett, who's the defender, rips off his helmet and then slams it right over the guy's head without a helmet. You're going to see this video folks. It's really remarkable. And let's see if it fires up. It's intriguing that, you know, if in fact, you know, we'll see whether the guy gets charges. But the bottom line, if this happened outside the football field, he'd be charged with assault in a second. Yeah. And I heard commentators this morning. When you see how hard he basically whacks this guy, it's pretty incredible, man. You know, it's just because you're on a football field, man. You can't assault people with a deadly weapon. He takes his helmet, rips it off, and then in one fell swoop, windmills it right into his head. That's a windmills too. And there's a lot of articles. He's got a couple other people on the team helping him. And I think he just kind of not got lucky, right? But it didn't catch a direct blow the way and not just remarkable stuff, man. The NFL, and there it is. We'll get the full, the NFL, dangerous enough. Yeah. And what's really wild is that the numbers came out yesterday from the TV and the NFL numbers are up huge. Yeah. Okay. Can't beat the NFL. They're huge from last year. So I don't think this is not going to help them. You know what I'm saying? Yeah. That bottom line, they're making a comeback in a huge way. Yeah. I heard somebody else say, actually, though, guess what? Everybody's talking about the NFL this morning, aren't they? Oh, yeah. That's it. There's no such thing as bad publicity to a certain point. But hopefully, because that's not about the NFL, man. No. They had even to- That guy jacked up, man. To the Cleveland quarterback's credit baker Mayfield, he came out, didn't defend the guy in an instant, and said that we can't be having that type of stuff. Usually, you see there, he's there, he's his quarterback, yet his own teammates coming out and saying, you know, I'm not sure the quote, but not defending him as you can't defend that because, you know, those people's lives, that guy could have, I mean, killed somebody like that. Not even exaggerating. Big time. Yeah. Some of the higher volume equities out here today got Rukul on the run again. That's up $6, trading $154. You have Apple up $1.36, Microns up $1.16. How about NVIDIA? Can we? We jumped into, let's just jump to the news if we could. Yeah. You're going to have to back it up one more. I clicked on the article before. NVIDIA. Yeah. They came out with their earnings last night, right, kind of in the chip sector as well. But let's see what we got going on on their news. So while they're saying Rowe's modestly in pre-market, but we can see that rise did not hold. They're down about 3.5% right now. They reported third quarter results, beat expectations, putting the company on a firmer foundation. Now this is interesting. Reading an article at 7.23 this morning and the market is disagreeing with a lot of the analysis that was taken in here. While the company gave a revenue outlook, well, there you go. Slightly below consensus estimates. Yeah. They may have brushed it off at 7.30, but they're not brushing it off at 10.30. A number of firms raised their price target, bringing the average to about 2.20 from just over 2.00. Concerns over NVIDIA's valuation and near term growth trends, its biggest supporters remain strongly optimistic. HyperJaffery wrote that it represents an incredible opportunity to play the mega trends of data center gaming and autonomous driving. I wonder how many shares they own. Shares were up about 0.6%. And let's just see. I'll pull up the thinkorswim platform and let's see what they had going on. Dig down a little bit closer to see the pre-market action on a five minute. Oh, look at that. Oh, that's a little bit of volatility, man. So you get the spike up to 218. Now this is a five minute bar. So this bar, they were really- That was after when they came out with their numbers last night. So they were lost on what to do with these numbers initially. But even this morning, man, you go from 210, reach a low of 264, 204, 16. Jumping around a bit though, JC Penney, right, with their earnings. So check out that. Talk about pairing some of your gains, right? And what I love again, thinkorswim, look at when the conference call started. They were trading at 1.30. Conference call begins right at 8.30. And that's $1.30, folks. Yeah, they come out with earnings at 7.30 this morning. Stock trades all the way up to $1.37. They closed at $1.10 yesterday, huge jump. And then the conference call begins and some of that waned. They still lost, I believe, $92 million in the quarter, which the market said was maybe an indication. I think they had lost $1.50 the previous or something like that. But I said in one of the updates or something, folks, they lost more than $1 million a day. And the market just popped them 20%. Now, yeah, that's on the heels of a turnaround. And that's what's happening. But guess what? The participants kind of had the same sentiment, I think, at some point. They said, yeah, we'll trade you up a bit. We'll trade you up five or six pennies. But you better stop burning $1 million a day if we're going to see a turnaround. Pretty intense, man. Yeah. There's no doubt. The, that is about as heavy as you can. I agree, man. So let's go look at Walmart. So Walmart gave everything up this thing. They sure did, man. We'll talk about giving it up as well. And they're giving it up again today. Look at that bar. Wow. Yeah, that's a big number. Look at that volume yesterday. 125, I think was the number out here yesterday. Yeah, 125.38, sold it off all day. And it looks to me, what's going to be interesting with Walmart, folks, is that this very well could be a complex ABC up. So the way that would work, if that's the case, you get to a higher high. You can see this on a weekly, it took everything out. And if that's the case, you can see it, I suspect it would first trade down to like the 114 area. Okay. And we'll see where this shakes out. When these play out like this, they're pretty intriguing, meaning that if we pull back next week and the volume is light and you're going to another breakout area. Yeah. Then you get something to aim for. Can we see if there's some analysis of what really paired back all of that? Yeah, there's so much news out on them to fight. So here we go. They lifted their price targets. Here we go. They're poking holes in the earnings. Match sales growth estimates raised its forecast and watched it shares drift low or midday training. Analysts picked apart the numbers. They hit a record high. What changed after all the key gauge of same store sales was in line with expectations. Both of the numbers of customers and the size of their average orders were up, but concerns remain, including persistent weakness. I had heard this at Sam's Club. Now I was talking about my experience. I was at Sam's Club Sunday. There were 20 people in line that had already paid and were just waiting to get out of the store, which lacks a leader, the high cost of new initiatives and slow progress in diversifying sales beyond groceries. Walmart also kept its sales guidance intact, disappointing some analysts. So I guess that's the negative analysis if you want to get into it. Let's check on target too, right? Because that was up yesterday, I think kind of on the heels of that. Let's see how they're extended it again, man. So look at that. Target that was trading at about 108.80 about. We're up three and a half. What's gonna happen when people wake up and the stocks are not up every single day? No, we don't have to worry about that, man. New highs every day. You sent me that article last week, right? It was like 25 consecutive times or something. The market goes down. Even on the days when it goes down, which doesn't happen often lately, the very next day it goes back up. Stay right there, folks. Tommy and I are coming right back now. That was up $121,000 to $44,000. It needs up to 12 and a half to 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 trait that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, six, and three months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed. And I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step on how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. If you're a trader in the market looking for exposure to gold or gold mining equities, then now is a perfect time to sign up for Tom O'Brien's gold report. The summer is over, gold is trading back above $1,500 and the 10 year treasury is hovering at around 1.5%. 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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 five till 6.30 p.m. 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 to 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. 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. Folks and folks as you come over to our website at TFNN, you're gonna see right under featured content, our man, Mr. Basil Chapman. He is gonna be doing a webinar for subscribers and it's gonna be this coming Tuesday, which is November 19th. Check it out folks, five to 6.30 Eastern standard time and it's really easy to get into this webinar. You just come over to our website at TFNN, you're gonna subscribe to Basil's newsletter, it comes with a 30 day money back guarantee, you're gonna get a great newsletter, you're gonna get a great webinar. That's right. Yeah, so he's gonna be talking about a comprehensive review of the Chapman Wave techniques and market outlook ahead for 2020, which is amazing, man. What's it, 40, 50 days away from us? You ready for New Year's? You ready for Thanksgiving? You ready for Christmas? I'm ready, I can't wait to have the turkey too. You're shopping for Santa Claus yet? Let's go. That's right. Potatoes, gravy. Bring it on, I'm ready, man. So Basil's got some great winners this year and he's just gonna kinda be walking his subscribers through the process he's using as he's picking out those winners he's had this year. 15 to 30% winners by request from his subscribers, talking about a review of the techniques that helped in their successful analysis. You get access to Basil's service, he's got updates out there every morning, at least one over the weekend and what you also gain access, I just pulled up, you gain access to his archive webinars. Now, if you can't attend live, this is exactly what you'll gain access to. The next day you'll gain access to the archive webinar, 90 minutes, Basil's, this is the subscriber area. Okay, this is what your subscribers gain access to. You can see, he's got a 60 minute webinar in here on terms of what stocks can lead the market higher after this correction is completed. That seems like that would have been a beneficial one to attend to, considering where we're at. He's got the Tide 90 minute webinar back from June. So you gain immediate access. Sign up today, you can check that out over the weekend, get ready for that archive webinar on, yes. Stay right here, folks. You can think of something coming up next. And look at that, man. Mr. Basil Chapman, Steve Rhodes, Steve White. I'll be back this afternoon. Thanks, bro. Thanks, man. Yeah, they'll get them, folks. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah.