 The following is a presentation of TFNN, the power trading hour with your host David White. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now David White. Welcome all to another excellent edition of the power trading hour and as always it doesn't matter where you're at or what you're doing you could be standing on your head or selling pencils on the street corner doesn't matter as long as you're here at the appointed time. The following takes place between 2 p.m. and 3 p.m. and we've kind of been up maybe a quarter percent on the S&P to down flat maybe a little bit lower than that but not a lot going on today NASDAQ's see if that's right yeah NASDAQ's up 20 so far today the big thing I'm watching is volume and up or down there isn't a lot we're doing about 6.4 billion shares on the day and of course last week we're talking about how if you were really bullish you'd love to have seen light volume going into Thursday as the market went lower we did get a couple of about two or three different news articles that put pressure on the market going into the close on Thursday a little bit more than I think a lot of people would have thought but volume didn't decrease you were about one or two percent lighter on volume on Thursday that you were on Wednesday normally you just see that kind of come on out and people do so there isn't a lot of bias at least on the volume side to up or down there isn't that much up I don't think I'm still fairly bearish in the medium term now but you there just wasn't enough volume coming out at the bottom to say that you've got anything to really look forward to on the upside it is Monday you get options roll over Monday and Tuesday generally you don't get a lot of directional movement in the market until Wednesday after the monthly expiration now is it a hundred percent no but I bet on it being right about 75 percent so you've got to have a compelling and a very compelling version of a market direction to do something on Monday and Tuesday if you're a little higher on Monday a lot of times you're a little lower on Tuesday if you're a little lower on Monday you're a little higher on Tuesday for options roll over but we're really kind of setting up what is summertime trading and over the next 30 days a lot of options are going to be written on both put and call side give us a little idea what they think of but the first week if you're in a down market of May has not been good we've seen what happened last fun buying which we're starting to see in the in the high beams coming but that's another we're a good another two weeks yeah two weeks into that and the way that the end of the month falls on the 29th of on Friday you really not going to look for any kind of fun buying to really come in tell the second or third of May and that's generally where you start seeing a huge amount of people Ams grey at and lay exit stage left to Mercatroyd for the summer although summer selling is not what it used to be neither are any of us but as we start looking for some stuff I would love to see the market go a little bit higher maybe 44 50 44 75 end up with no volume and maybe it takes a few days as I said you can be bearish but probably being bearish and short are a keys to probably giving away more money than getting it in a bear market as I've said before if you go back and look at bear markets markets are still going up three-fourths of the time they just go up a very tiny amount and then you get that quarter so it ends up being kind of one step forward and two steps back kind of things sometimes in a bear market it's three steps back and then you get a week or two that makes everybody think it's over and then it's not and you get a little depressed as I've said fairly consistently I think still that low 4100 area 4107 41 15 on the S&P cash has had high volume it has not been retested and maybe that's what it takes to get in there and make a good low to bring a bullish and very bullish case to the market maybe we get down there in the volume doesn't decrease and it breaks through but I am not really thinking of any kind of long-term bullish market coming back to us on other things going on I did not although I will do it here we've had the first I mean dist inkling of politicians starting to buckle on energy policy over the last couple of days and again we probably have I don't know around 67 senators that would vote now for some kind of policy that include more exploration and more production that does not go that way in the house they're pretty much entrenched in the same percentages that they've been although those guys are probably going to face a much more hostile electorate come November but you know unless something happens to change that and it certainly could it looks to me like energy policy is hard to say you want to be that you want to be short we've made some kind of high for a while that just looks to me like crude could get all the way to 150 I think there's what a high at 175 I'm gonna have to go back and look at the charts but certainly could see that no reason for it there's plenty of oil just to the determination that what we need to do is shock everybody into quit using it but there is no good alternative if everybody wanted to go to electric cars where would the electricity come from well they couldn't do it where would all the batteries come from there's not enough lithium so we've got this kind of policy that's a suicidal kind of like when all the dolphins swim up on shore and just beach themselves I don't understand it it doesn't focus any kind of reality on the problem but man who said anything needs to make sense 8779276648 is the number to call and I can feel you picking up the phone that now other things going on you can email me at path at tfnn.com and did we get everything through I think that was it oh did I do that yeah I did but I didn't update that one that needs to go so let's do that right now before I forget about it tick tick tick that's left anyway volume was about 1% lighter on Thursday than it was on Wednesday and about the same not much different from Tuesday to Wednesday so we didn't get a light volume at best probably go sideways or a little higher we'll be back after this are you grinding in the market but seeing little to no return or are you a successful trader simply looking to make your job a little easier learn to take the path of least resistance with David White's powerful trading newsletter David White is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades support and resistance define the ranges in which stocks trade by understanding these trading ranges David White is able to find a path of least resistance David White's trading newsletter the path of least resistance is delivered daily before the markets open to make every trading day an easy win visit tfnn.com today and subscribe to David White's ultimate trading newsletter for $119 a month and try all of our newsletters risk-free with our 30-day money back guarantee take the path of least resistance at tfnn educating investors what's separating you from the most successful men and women on Wall Street that's right information having all the information gives us the perspective we need to place the right trades at the right time the test profile scanner is the premier market 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tfnn's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 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 he has one eight seven seven nine two seven six six four eight internationally at seven two seven eight seven three seven six one eight we return we'll do a little history and this actually goes into something that we were talking about on Thursday 1983 the Osborne computer corporation officially announced the Osborne executive portable computer the follow-up to its extremely successful Osborne one this is the computer that according to Lord took down the company known as the Osborne effect which we talked about Thursday the legend is that by linking the announcement of this computer earlier in the year dealers canceled all orders for Osborne ones effectively destroying the company's cash flow and hindering operations going forward this resulted in the cancellation of the company's IPO and eventually the bankruptcy and Osborne effect announcing stuff and killing off existing sales it is my best theory for why we're starting or why we're seeing real weakness in AMD and NVIDIA at the moment as it has been let everybody know that the new versions are coming out for a variety of reasons they will be very spectacular one of the more interesting things from what we now know about these next versions right now they're selling the 3000 series 3050 3060 3070 80 90s anyway they're going to go to these 4000 series and probably going to be available late August 1st of September most of these are going to be not only a lot faster but going to suck a huge amount of power so people are thinking with all that power has got to come not just a little bit better but a whole lot but where the current cards could pull up to 250 watts they're talking about some of these cards pulling 500 and 600 watts you're going to have to get a new power supply and probably a handful of fans to dissipate all that heat and of course with great power becomes great responsibility and what are we going to say about that I I don't know how good these things are going to be how fast but amazingly they're going to suck a huge amount of electricity but apparently all getting set for the last couple of weeks of August where the 3e conference is that's the one more video games and electronic devices that kind of stuff is shown that's late August normally in LA I do not know if that's going to continue there if it's going to be put somewhere else as it's a you know LA is kind of a DMZ now but certainly you've got a lot going on there but I think you know maybe in the lead up to that we're probably going to find that they've got some hot stuff that people are willing to pay for but in the meantime they may have just announced everything from processors to video cards to new motherboards to new kinds of memory and a giant upgrade cycle but in the meantime hurting sales eight seven seven nine two seven six six four eight email me at path at tfnn.com as some have done already the first question is where do you see options expiring for apple on 429 I don't know again I don't tend to do much of anything right now with options expiration you're going to know a ton more on Wednesday than you know today from options right now you've got a lot of noise going back and forth overall I like the trade of having the 160 puts mostly because the underlying issues of China right now where most of these things are at least half of them are still assembled although a lot of them moved of apples moved to Vietnam and India but the shutdowns continue to be draconian we see you know what's going on in Hong Kong and Shanghai but it's even worse I hear in some areas certainly around these assembly buildings and places where they'll have 100 or 200 thousand people show up for a big assembly line product production for apples iphones to get ready to send out new stuff with those being closed and shut down and many people locked up it's hard to see that apple's going to do well just from a prospect of not people not wanting it not you know that not being the issue it's just actually can you make them and do they make up any of that business later if they can make more of this stuff as we go into the summer I don't think so there's not a lot of excitement to begin with with the current product line but I do digress okay so else do we have somebody announced or brought up IBM earlier I haven't looked at that a while on the show for the third or fourth time is it I think it's the fourth time IBM has bet its future on a new direction it has money still coming in from its pretty wise bet at the time of red hat or they look really horrible but certainly the that kind of business is doing well for them but it doesn't make their stock price go any higher doesn't really do any does keep it high are enough going on out there that they can continue to do stuff but their bet on quantum computers is kind of an all-or-nothing thing I don't see that they're close enough or even hear anything about them being close enough to launch a product it may be yet another year as they say on wall street dead money I can't see a lot of upside from the red hat to offset their declining stuff elsewhere let's go to the usual suspects we talked about at the beginning advanced micro you've you've got a fairly good low going back to this gap that occurred on July 28th of 2021 that went up on 140,000 shares it looks like maybe you might have something here with this 62 million shares so far today they had no over that doesn't mean this thing's going up as I said you know you could get something where maybe this bounces a little bit gets back over 100 comes back down fools around for a month or two and when everybody starts thinking about this false computer business and all the stuff that amd could sell and these new fire breathing video cards and processors and motherboards maybe that's where this thing takes off but it kind of looks like it's going to need at least some level of consolidation before that happens when we look at Nvidia it doesn't really need to wait for all that stuff as badly as amd does you do have some kind of nice lows out here the 208 area got to 210 79 this morning the first low out here on january 24th was 92 million shares at 208 88 got into that 56 million shares on thursday today you're about 37 million shares again it doesn't mean that you're instantly going higher maybe 30 that's solidation maybe that's a foolish case good summer having fun trading the markets but having trouble finding like-minded individuals to discuss your 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trader's methodology using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for fibonacci formation setups including godly's abc's butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting 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 got a question here on the twitter always uh john mccain called it the twitter and the facebook always it's like the goldman sacks although i for some reason i have no idea why they the goldman sacks is actually that and they make you say it but uh the twitter and the facebook uh question on twitter is anything going to happen it could make us some money in the in the twitter and uh i have a feeling musk is uh fairly brilliant on his campaign to take over twitter uh and uh he's a a lot of people have a real axe to grind on this and it doesn't have anything to do with money uh he's shown the feckless leadership of the ceo and he's uh shown the culpability and worthlessness of the board of directors um what we found out is on thursday's close the uh the people on the board of directors uh how much money do you think the board of directors have in twitter how much did they sell over the last year just a thought i don't know if anybody knows the uh knows the truth thirty seven hundred dollars all the what are nine or twelve directors of the company they have a grand total of thirty seven hundred dollars worth of stock they have absolutely no skin in the game they could care less whether the stock goes higher or lower and by doing so have opened themselves to a round of lawsuits musk may end up paying five maybe ten million dollars uh if we're not disclosing something uh that may have saved him fifty million dollars it's not a criminal act so he may have just done the calculation and decided that it was worth forty million dollars not to do it um it's not a big deal happens all the time in wall street but a lot of people have an axe to grind of course these people that are in the board of directors uh know nothing about the business uh most of them have uh if they've done anything have just logged in to update their password because they've expired um so you've got a lot of people just cash and checks are being of the board of directors the ceo as i said uh worthless feckless spineless uh has done literally nothing since he took over from the drug adult ceo before him so as far as i could tell my guess if i wanted to put some money and actually wanted my cash out of it i'd want musk of course a lot of people especially in the uh coastal cities of the far far far west uh look at this as an issue of uh we can't have anybody with free speech leanings out here uh just we we couldn't have that we've got a censor folks continue telling them stuff that is not true that has been proven not true over and over again but you know what the last thing we want to do is have this thing make any money so i don't know what musk in game is here he's already proven just about everything he needs to know he's uh millions and millions ahead uh but my guess is that much like um we saw bezos by the washington post um he looks at it as something that could promote his other businesses at the same time uh take away a weapon of that people have beat on him with for a long time so uh i think he's probably fairly committed and uh you get uh i'm going to say the uh opposition of the french in the german uh to the germans in the uh second world war little or none um they're going to talk a great deal about it but again they make almost nothing on doing so so uh i don't know are they going to want to die on that hill for nothing for 3700 dollars i think the only reason they're in there now uh is uh probably more political than actual financial reasons so i think he's got a good idea and uh i mean if he can make twitter uh have a similar evaluation uh as uh tesla then you got to think the stock is 300 bucks um i think uh tesla is wildly overpriced but uh he draws that kind of overpricedness to his stock so yeah i don't see any reason to buy it today but uh the longer he goes on if the more serious he's out there probably a fairly good long-term bet that he is going to do something with it uh and um how's he going to do it he's going to run it with subscriptions instead of selling advertising you will no longer be uh the product you will be the customer and maybe it's the first move out of uh you being the product uh out here eight seven seven nine two seven six six four eight yep he loves subscriptions that's it uh uh okay the twitter uh the goldman sacks okay eight seven seven nine two seven six six four eight anyway i rant on uh okay what else do we have out here siri um was down a little bit uh pre-market actually gap down uh very tough to see this thing going on long term as more and more people use the internet instead of satellite based systems uh to a certain part of the market is uh interesting um i know that the in aviation they produced uh weather products but with musk uh satellite system coming online it doesn't make me feel warm and fuzzy uh that we're going to see siris uh work out long term uh other things going on out here volume's not all that exciting but i just think this thing's in a big range from just under seven bucks to probably just around six bucks uh okay nectar therapeutics nectar uh and nk tr take a quick look at a gap down uh halted all trials involving its key cancer drug um but you don't have the volume low at the previous low which is interesting if i can find my mouse here me mouse uh down on huge volume back on the 14th of march with 26 million shares you're only doing about 14 out here so i'm am i going to dive on this grenade no but uh it could be worse just let you know that uh bank of america out pre-market quarterly profit of 80 cents per share five cents above estimates revenue also topped wall street forecast on strength and consumer lending bank of america rose 1.1 percent at nine o'clock uh did open lower and kind of go a little bit lower it's uh making a little bit of uh of uh shiny cloud cover over thursday's day volume's okay uh you still haven't exceeded the market low but having 108 billion shares uh what 79 on thursday 51 today we'll be back in a minute 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 are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call tiger real estate llc today at 727-329-8322 or email us at tiger at tfnn.com that's 727-329-8322 call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information david white's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future david white has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade david delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only $37.50 sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today with our 30-day money back guarantee tfnn educating investors are china a shares hot or not if you trade china a shares now may be time to take a closer look trade chau or chad directions daily csi 300 china a share bull and bear etfs china a shares in either direction visit direction investments dot com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 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 distributor full-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 and hit watch tiger tv that's tfnn.com and hit watch tiger tv quest look at uh bail valley uh i once called four different operations of val e uh in different uh parts from north america from canada to the us to mexico and south america and they all pronounced it four different ways so uh first of all you got to figure out how your company's pronounced before you do any better uh although i continue to see that and hear it here and there you had a very nice uh definitive top in this from march 7th at $20.96 you went to $2199 on a little abandoned baby up here on april 4th that only had 30 million shares compared to that 52 million share high you're back underneath it so uh for the most part you're at a little bit of a support area with this gap higher on the 21st of march that was 35 million shares thursday at 26 today you got about 11 so you're kind of at support but uh longer term yeah it's hard to say with inflation it's hard to bet against anything that's in the ground uh two two two okay what else did we have out there s b s w what is that s b s w i don't know what that is s b s w s b s w s b s w uh sybian still water limited okay um you just uh bounced higher you're back in with lighter volume you gapped up on the 8th with uh 6.3 million shares thursday 3 million today uh 2 million so you got kind of where about halfway in that gap which is where i'd probably been a long participant um probably not gonna uh really do much more until it gets back over a three by three or a nine day moving average at that point it probably should take a run at 19 uh not exactly sure how long that would take uh sakura blue okay oh yeah that is uh that is a big deal uh looks like uh lapin could win in france uh they are preparing the party for loss over there and of course uh you had a lot of people that were not very much different than i.e world war two with policies of appeasement to the russians this time uh and of course uh that went for the Germans too and uh yeah appeasement hasn't worked well as it historically or even lately but uh uh for merkel uh a tarnish on her name for uh trying to uh enrich in the russians thinking that would keep them away and it only made it worse as many times things do when you have to deal with evil here okay now that's uh those uh to avail windies came out with earnings uh a little bit of a hit piece on them too um but uh i guess no earnings excuse me just a hit hit piece and i'm seeing a lot of those uh over the last few days and that is uh i don't think a lot of reporters for uh magazines or newspapers or places like the wall street journal make all that amount of cash i always wondered how much it would take just to bribe one of those guys to put out a negative article for you um you know give them a hundred grand make you five or ten or hundred million dollars for being short on the right right side a lot of self-serving uh articles out lately uh that i have the thinnest veneer of actually being any good of course uh it doesn't do you any good let me put it that way of course uh windies uh not prepared for a lower uh consumer spending yeah it's just the opposite is probably true more people go to it uh in a declining market than do uh out back and the rest uh so i find it highly dubious uh from history that they are or anything are close to that hit piece that came out but uh you know you got three million shares in the previous nine million share low uh probably about as bad as it gets of course not going to be any better that all the stuff that they sell is going higher but uh what are you going to do and where are you going to go uh when uh going out uh used to be the outback and maybe just windies by fall uh to probably the best thing is they get their beef from south america which has not been impacted as badly as uh beef here in the united states has been by higher prices but uh yeah we don't raise that we do raise some but not that much for uh hamburgers we tend to get it a great deal of it from south america uh okay so that's another thing off my list of things to talk about today eight seven seven nine two seven six six four eight uh okay someone's talking about stealing cats and all i could think of is real alive cats not catalytic converters although that business has been on and off a long-term uh money maker for thieves for a long time uh we've talked about uh this earlier in the dead and that is uh as i said for years i would have nothing to do with uh chinese companies uh people laughed and scorned and mocked me i have my uh revenge served on a very cold dish as we look at some of these bigger ones um again i think they're gonna have a vote what is it late uh may last week of may um buck ninety i don't know how much lower it goes when they become delisted if you just looked at the chart it doesn't look that bad um i mean uh you haven't tested a buck seventy one but you do have that low with 240 million shares with just a hundred million shares today so on a chart basis it would say that they're not going to deal with a delist each uh or what they're doing but i don't know if i'd want to make that better not again i'm not one to buy chinese companies as wx the return of my money is more than worth more than the return on my money southwest gas holdings uh talking about selling to carol icon uh what a name it reminds me of there was a band called the poodles and they changed the name to the fabulous poodles and they had a bunch of hits because everybody had to refer to them on the radio as the fabulous poodles uh icon uh and icon i think that you gotta say that name's probably pretty good anyway 82 50 per share and above it much different than the twitter reception 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 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 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 you might think that if you want to be successful at trading in the stock market you're going to need a crystal after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by basal chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors 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 subscribers to the tiger's den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live during their shows interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day subscribe to the tiger's den risk-free with our 30 day money back guarantee and become part of the tfnn trading community tfnn educating investors 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 as we return uh duffy from the den brings up new core in ue another day another dollar higher 172.07 volumes a little bit lighter out here no signs this thing's breaking down uh if you're into the steel business uh i keep getting quotes say steel buildings going up every day uh not being assembled uh literally just the price going higher and aircraft hangers uh in uh almost uh infinitely uh vapor supply uh because no one wants to be uh contracting for steel at this moment uh did see the first sign of of uh cinder blocks uh which have been an incredibly short supply around Tampa for a while uh and a bunch of them heading down the road so i think a lot of new uh housing uh construction that is cut down especially at the lower end of the economic scale um is allowing some of these to uh show up at uh business sites and strip malls and stuff i don't know why anybody actually needs to build any new strip malls around here but uh there's some new places going up uh and they've gotten uh the key to all building in uh this area which is cinder blocks uh but that's uh that's neither here nor there so maybe a little bit more construction in the business side now that they're getting components back uh gold did hit uh the magic number today and backed off of it um right now at least for the next couple of days i'm kind of looking at cash is king and uh yeah i'm going to keep it all in my mattress uh don't think we're going to probably have a lot of movement somewhere the other tell winstay as option rollovers great supreme so when you can not when you have to and we'll see you here tomorrow bright shiny think that channel think that