 The following is a presentation of TFNN. The TFNN Bull Bear Trading Hour. Every trading 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 Trading Hour. Now, Tommy and Tommy O'Brien. Good morning, everybody. Tommy O'Brien, and we got a treat this morning. I'm joined by our man, Larry Pezzavento, feeling in for Tom this morning. Larry, good morning. Good morning, Tommy. How are you feeling today? Pretty good. I'm doing well, man. How about yourself? I listened to your program, of course, at nine. Great show. And I appreciate you jumping on with me for the hour at 10 o'clock as well. It's going to be interesting. I don't know if I have two hours of information. How are you, Ken? We'll keep you on until four o'clock today, Larry. They'll all stay tuned, man. You know, you mentioned Goldman Sachs. Well, you're talking about a reversal. My goodness. This thing has dropped about 10 points in a matter of just an hour or so. It's not stopping, man. It's not. So, even early this morning, I got it up there, trading at about 211-44. The slide began, of course, to come out with those earnings at about 730, I think, this morning. It goes from 209 down to about 204 at 830. It kind of hangs out, but then, yeah, from even the market opens down another three bucks, almost about 3% quite a number. And let me just pull up, Larry, to take a peek at what those numbers actually were. Come on. There we go. So they beat on analyst estimates for the first quarter profit, but revenue being the number, right? So they generated 2.25 billion, quite a number in the period. 571 a share. The estimate had been 489. So quite a beat on the earnings, but then revenue dropping 13% to 8.81 billion, and the estimate had been 8.9. So you never like to see that top line number decreasing, because you can always play games a little bit. You know, you can cut your costs with some profits, right? But you can't play games with how much money you take in over that time. Wow. I posted the weekly chart of Goldman Sachs, and, you know, we had that big break into December like everything else. Nice. It's not rallying back like the rest of the market. You know, it's hardly been able to make a 50% retracement, which the banking index led us all the way up. So I don't know if that's a pretend of what could be coming, but... Pretty staggering where those were. I'm just looking at that chart, right? I mean, what's the high up there? We're approaching 280 almost, and we're sitting at barely 200 right now. 275.30 was a high, yeah. Quite a number, man. And I heard you talking about our man, Tiger Woodsman. Unfortunately, Larry, we're not going to be showing any bowling on professional television. Those are the true athletes. No, I kid, I kid, but I heard you talking about it, and I agree, in terms of just quite an accomplishment, in terms of... He just wanted it, you know, he wanted it for the competition, and if you didn't catch it, folks, Tiger Woods coming from behind, he had never wanted the Masters to, Larry, coming from behind, and he comes from behind, wins the fifth jacket, and man, there was a lot of cool things in terms of just what he's done. He becomes the second oldest guy at 43, of course, to Jack Nicholas. He becomes the second guy with the most green jackets, having five to six for Jack Nicholas. Jack Nicholas won when he was 46 years old, two months and 23 days. Tiger, 43 years old, so about three years. And the first time Tiger won, it's pretty amazing, because I remember it, I was 17 at the time in 1997. He was only 21 years old when he won that Masters by 12 strokes, which was quite a number, man. And on the flip side, since we're talking a little sports, I got to throw it out, man, Larry, I don't know if you caught it, but hockey is not going well for the likes of Tampa Bay, man. We crushed the regular season, and we are now down 3-0 to the eighth-seated Columbus blue jackets, and we got a lot to do, we'll see if that happens, but nonetheless, pretty cool weekend, pretty cool Masters, and back to the market. So how about Citibank, too, as well, Larry? Let's check out how they're doing, because they have their earnings well. All these bank stocks are looking very bad. Yeah, and really, they're acting poorly. We get Bank of America earnings tomorrow, I believe, so they can't be happy that everything seems to be lined up against them. Citibank down about 81 cents, 1.2%, but it was a size about 68.20, so you're down about a buck 60 off of that level even this morning. Yeah, and what was Citibank? Let me just jump over, I had their numbers up as well, because Citibank, I know that they do well in the fixed income. That's what I was listening to a lot of talk today, there we go. So Citigroup earnings beat expectations, pretty similar to the first line of the Goldman, but revenues fall. So the bank, let's see, I'll get down here. Earnings of a buck 87 versus a buck 80, and then revenue, though, 18.57 billion, and the expectation being 18.63 billion. And then as I'd stated, fixed income, currencies and commodities, the FIC, 3.45 versus 3.05. So without that, they would have been in trouble, because equity trading, 8.42 million versus 9.30, so they missed by almost 100 million in equity trading. And investment banking, they beat as well. Yeah, so Bank of America, I know we get Netflix earnings as well tomorrow, law coming down the line, and how is that banking index doing today? Let's check it out, BKX. Should be getting hit pretty hard. I would say so, right? Goldman Sachs is the leader of that one. Yeah, down about six tenths percent, and that's a big number for the whole index, trading at 98.90 right now. Well, the overall stock market doesn't look that bad. We're only down a few points from the high. We made early last night at 14, we're only down eight points, so that's nothing in the S&P. Well, and especially when we're sitting basically at highs, right? I mean, not quite, but we're at quite a staggering level when you're coming out with bank earnings that are disappointing to really kick off earning season and completion. So Larry, are you a Game of Thrones fan? I don't even know what it is. Okay, well it's the television show of the century, man, no. I thought Breaking Bad was a telephone. You know what, man? You got me there. That's probably my favorite show ever. Game of Thrones might be a close second, but just an interesting story. So the whole world practically talking about Game of Thrones premiere last night of the final season on HBO at 9 o'clock. And pretty remarkable that AT&T can somehow stream that hours before. I mean, they must have contracts on lockdown so that this stuff doesn't happen. And when the whole world... Oh my goodness. Right? I mean, can you imagine? I mean, that's not some mundane detail, man. An AT&T down about a quarter percent today. I don't even think it would have to do with that. But it's just staggering, Larry, that somehow that can happen in such a worldwide... It's not an accident. It's not an accident, Tommy. Right? I said in the... You know, they're getting... Number one, all of their direct TV now. Subscribers got to watch it hours early. Number two, their headlines are all over the news today, I'm sure. So any press is good press sometimes in that case. And let's check out... I was Nike doing this morning. I haven't even pulled them up because the likes of Tiger Woods... Slightly earlier because I know that they had a pretty good quarter and everything, and it was making new highs. I know that. Yeah, so up 7-10th percent. And I mean, Tiger Woods, he's still their man. He was still wearing that swoosh on his shirt. And they got a love that he's back in charge. They didn't let him go. They didn't, man. They stuck with him. You've got to give them credit for that. They really did. And they stayed with him the whole time. Now, they did shift in terms of that they don't even sell golf products anymore, which is pretty amusing in terms of, you know, when he last won his last major 11 years ago, they sold drivers, they sold everything. Now, they got out of that. They're in apparel, but in terms of the hardcore products, they don't sell it anymore, but they stayed with them and they got to be excited, man, because he... You mean they tell me they don't sell any golf products and he's still their number one guy? Yeah. Now, they, I'm sure they might sell something, but they used to sell, you know, clubs. They used to sell really the full lineup and they got completely out of that industry and wanted to focus on more on apparel. And tied it into finance and money. You had one better out there that really had an exciting Sunday. You see this Larry putting $85,000 on Tiger to win it at about 12 to 1, 14 to 1 and he closed out $1.2 million for a win on Tiger on Sunday. That's some action for you, man. Got to love that. Got to love that. All right, folks, come on back. We'll be back in three minutes. We've got the dial down about 45 points. S&Ps, negative by three. NASDAQ, negative by 13. We'll be right back. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. 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We've got markets pretty calm so far, just hanging around where we've been. Dial down 40 points, S&Ps down about three, NASDAQ down about 17. Larry, I was listening to your program this morning. I know you were talking a lot about gold. Maybe we could jump to gold and just kind of talk about that for a bit for maybe those that didn't get a chance to tune in to trade what you see at 9 a.m. I know you had some great analysis with what gold has been doing recently. Yeah, it looks pretty good. What I've done, Tommy, is I put the gold silver index. We got it, perfect. Okay, but you'll notice here that where it says below here is bearish. Yes. We've taken those lows out in both spot gold and silver. Okay. You can see we're holding up extremely well for the gold silver stock. Yeah, this is the XAU we're looking at, right? Yeah, that's correct. I think when we get gold down to another $30 lower, which is the area around 1257 to 1260, then we're going to be in an area where we can get it below that level and still be bullish, it'll be a different pattern than what we're looking at here. What's amazing to me is the fact that it's still holding above the highs of March and April both with a big drop in gold and silver taking out those lows. So there's somebody willing to step into the gold and silver miners here, even though prices are going down in the middle quite a bit. Sure, yeah. That could be a very good sign. But this is a very positive chart, longer term. But the positive one, of course, is that the gold chart at that 1256 level, that is just beautiful head and shoulders. I think I should put that up because some of the folks... Yeah, let's do it. I heard you talking about it. I wasn't even able to view it myself. I was listening to the program as I was flying around. It's about as nice as head and shoulders. Well, it's perfect. You just couldn't get any better. There we go, perfect. The left shoulder was back in December. Then we had the head in August during the eclipse. Of course, that was the bottom there. Then we had the right shoulder forming. That comes in on the 22nd of April, Tommy, if it's perfect. One week from today? Yeah. That would be interesting because now we would be down six weeks in the gold, and that would take us down to that spot level around 1257, 1260 is what we're looking at at that point. Nice. I see that even being like a 618 maybe coming off of that November low. Yep, it sure is. 50% off the low from the head in August when the eclipse was. Okay. And double ABCD patterns, and then the head and shoulders. My goodness, it's a mother-god in country. It's nice when they all line up like that, man. It sure is. It didn't always hit, but when they hit like that, we had one in Mons a few months ago when it was making head and shoulders. It was a really big move. It rallied more than five handles in Mons. The gold, if this could really be a big one in gold because this is really our first really clear ABCD pattern. I mean, super clear in the last year and a half. The other one between March and August of last year was straight down. We went from 1368 to 1168 with just a couple of small ABCDs. This one we have several. So that's telling you that from a technical standpoint, people are at least looking at it at these levels. And that's what you want to see. Yeah, no, it's remarkable when you think about it. I mean, the consolidation we've been in for years right around this, whether it's 1200 to 1400 to 1100. It's remarkable. Tom had just put together the ad where he's been doing the gold report for 17 years. He started in 2002 when it was like under 300 bucks, made it all the way up to I think above 1900 and 2011. Retraced pretty hard and then just kind of been hanging around at these levels for like five solid years, but a pullback from 1350 down to 1250. You're talking about $100. Maybe that gives it some room to start that leg up to the next side. Well, gold is one of the easier trading vehicles because it trades so perfect technically. You know, the Euro's number one, of course, but gold is number two, I think, and crude oil will probably be number three. But it sure is fun to trade. And when you stop, I think it's $129,000 contract. And you can trade it for just a few thousand dollars. You got great leverage. Yeah. And the execution is great because liquidity is tremendous in the gold. You know, they have a lot of liquidity. So you don't get reamed on stops like you do on some, you know, some of the stock positions. Sure. No, definitely. And we got, I heard you talking about as well, we got a four-day trading week coming up this week, closed on Friday for Good Friday. And then the interesting to see is, and if that's the case, the 22nd, it's going to have a three-day weekend to do some action and maybe we'll open up on Monday. But yeah, that high made 1923-70 back in 2011. And really, since about 2013 is when we crept below 1,400. And then we've been trading in between about 1,400, never made it below 1,000, sitting in about 1,288 in that range. Quite a consolidation. And usually, you know, maybe we break lower. Maybe we break higher. We will find out. All right. We got a caller. Let's go to our man, John, from Philly. John, good morning. Good morning. How are we doing? How are you doing? Good. Thank you. Gentlemen, thanks for all you do. I wanted to ask the both of you if you could assist me please with what could happen in the dollar yen, the prices we generally quote. If we're not looking at the futures, we're looking at USJY, which is the dollar yen currency pair. It's currently 112. And I'm wanting to ask the question of both of you. Given the pattern, and by the way, the pattern is incredibly quiet, stingly tight trading range. And I'm seeing one for yen USJY at 112 currently, a significant rally over 115 up to 119, and conceivably back to the 126 top. I think that was four or five years ago. Well, I just posted the chart of the daily yen. And as you can see here, we're ready to break out of the highs from February. We're almost there right now. That takes us up to 113.5. And you clear 114. You know, you easily can make 116, 17, 18. I mean, you could easily do any of those numbers once it clears those levels. We had that big bank robbery. Remember back on the 3rd of January when the Japanese banks came in and played their game right at the close when there was no liquidity? And it pushed the yen all the way down to that 105 level and immediately rallied back to 108. I mean, those people should be in jail. But you know, this white collar crime, but you know, that's a bank robber. It's just a legendary move. Yeah, crazy. It's just terrible that they can do that. And Larry, thank you for mentioning that. And let me just supplement an idea if it wasn't that they was right around then. But in New York is essentially going home. And before the people in Tokyo were up at their desks and so it was a flash. It's all right. You want to hang with us, John, for the break? Thank you, yes. Okay, perfect. Come on back, folks. We're going to be talking about dollar yen. We're going to be talking about the markets. Right now we get the Dow hanging in negative territory. Market's pretty calm to start off Monday trading. Back in three minutes. Come back. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter and market insights, then 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. 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Major rally scenario, figure out in 2011 having me very suspicious and the chart pattern that I see right now is telling me be alert for a rally breakout and hence my question to you on that. Yeah, I guess time will tell. Larry, do you have any comment on that one or are we just looking at the charts, right? Those are planned aberrations. I don't know how they get away with it, John, but they've done it several times. And, of course, the Swiss did a major robbery. You remember a few years back when they disassociated themselves from the Euro for about 30 minutes and pushed the market down about $15,000 to a few forex firms, but unfortunately there's no way to get around it. And they don't punish these people and no one even looks into it, which is really the sad part of it. And you'd think that the people that got hurt badly would yell uncle or something, but they don't. So I guess it's just all part of the game they play. So just like catching somebody short if you don't have stocks to deliver you're in trouble. So I hate to see stuff like that happen. John, what I do on breakouts is I send my checks directly into Chicago, Mercantile Exchange to forego the commission because I don't do very well on breakout training. I was just wondering if you stood by that policy and I didn't do it. I was just wondering if you stood by that policy and I didn't do it. I was just wondering if you stood by that policy and I didn't do it. John, we appreciate the call, man. Thanks for calling. Appreciate it. So I'm going to jump speeds a little bit, Larry. I believe we have Netflix coming out with their earnings tomorrow. Pull up their chart lock going on in terms of Netflix. So down today, 1.25%, nothing to dismiss it all down at 346. And of course we had last week Disney launching their Disney Plus service extending those gains today up another 3.25% as they're going to be coming out with that Disney Plus. Be interesting to see how that happens. Now you have AT&T Time Warner, of course, and to jump over we're talking about them in terms of them broadcasting their Game of Thrones a few hours early ahead of the premiere last night. But what do you see in Netflix, Larry, when you look at this? You know, it's been quite a stock, but pulling back even on the longer time frame it traded from 423 that December 24th low of 261, and then we trade up almost $100 since that level, just since the beginning of the year. Well, it's a very wild stock. It's got everything going for it that you could possibly ask for. I'll bring up the chart so the folks can take a look at it next week in the letter. We had a lot of support at that 351 level. I don't know where it's trading today, Tommy, but... Yeah, we're at 346.98 right now. Okay, so we did break below that. I marked that because that was a 61% retracement, but the thing is it's been in a really, really tight trading range since late February for well over six weeks now. We're the high of 380 and a low of 346 that we've just talked about. It looks like it wants to go lower. Yeah, I'm looking at your chart right now. I see those levels bouncing off of it a few times. Yeah, so we must have made it below there on Friday and extending it a bit. The interesting to see what they have to say, especially, I'm sure, we're going to have their earnings tomorrow. Not sure what time we can pull it up. They're going to have a conference call, and I bet there's going to be a lot of analysts talking to them about the competition coming down the pipeline as well. I'm going to talk to you about the TTIM Warner in terms of, and that has HBO. That has some capabilities as well in terms of competition. For the first time, they're going to get some real streaming services that might actually be able to compete with the likes of Netflix. I think they're going to get some questions. We'll see how they handle those Mr. Reed Hastings for the first time, really having some insight into how they handle that. Tommy, there's a really key spot here on this Netflix that we should all pay attention to. If you look back on January 4th, the Dow was down 600 points that day and Netflix was up. Whenever you see that, folks, you don't want to be sure to stock that when the market's down 600 points and then your stock is up, it takes a lot of guts and a lot of information to buy that stock. And look what it did right after that, too, Larry, right? And the market took off, too, but the market didn't go from 280 to 350, right, in terms of just staggering the percentages. Oh, yeah. It was by far. You see it on the same thing if the market's up and your stock is down and your stock is in trouble. That's really when you can learn something, those divergences, right? Tom talks about it for sure. So you mentioned Larry. If you haven't checked it out, I got even Larry. I got your report up here last night. I'm just going to fly through it a little bit. But if you can talk a little bit about what you put together, because, of course, you have your weekly reports that come out, whether it's Sunday night, Monday morning, folks, I got it up here. You're looking at, he's got videos of the markets, videos of gold. He's got charts of the week. You get the Dow up there, all these formations, and then, of course, a great just kind of summation of charts, videos every week, folks. So Larry, when you're putting together your weekend and stuff like that, because there's so much information. I go through it myself. It's a great start to the week. What are you looking at over the weekend? What's kind of, you just look at everything, man? It seems like, you know... No, Tommy, I have it because I have to do it each week, and it takes me probably about six, about eight hours to do both letters because I do it for myself, because these are the trades that I'm looking at. I'm looking at the futures letter because that's the easiest one for me to do. I do 18 different futures, and I've got them categorized, so I pull them up, and then I update them to make sure what we're looking at is going to be correct, and then we finish that, and then the next thing I do is I'll do the fang stocks and get those ready, and then the next thing I'll do is I'll start doing the overall stock market. I start with the banking index, then I go to the Dow Jones, Nasdaq, the S&P, the IWM, and go through all of those, and then through the transportation utilities, too. We've got a few bills, I guess. Yeah, we do. Folks, check it out. I'm just teasing, and I'm sliding through the charts as you're talking about it, Larry. Right there, folks. 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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 and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV for the latest market information. Welcome back folks. Tommy O'Brien with Larry Pezzavento. We got markets in negative territory. Dow negative 60 points currently. S&P's negative by 8. Nasdaq negative by 44. We could jump to rates a bit. I know pretty calm day so far right now with the 10-year and the 30-year pretty flat but that has not been the case recently and we'll see where we hold. What are you looking at in the rate sector and as that contributes to the dollar? Well, I posted the chart of the German bug. We got it, perfect. That's the 30-year bug. You see that's a major Gartley cell pattern up there made a beautiful ABCD and it's come off substantially at least a little bit starting out. Those are negative interest rates. They charge you money for buying bond. I don't understand that. It's quite a time we live in. I don't understand it. I've had some smart people explain to me that it's normal and it doesn't make any sense to me at all. I just don't understand it. The bank wouldn't do that for you and your relatives are not going to do it for you. It's important to keep that personal perspective sometimes man It's what you're saying is here's my money and I'm going to pay you to hold it and just for the ability to make sure that you give it back to me at a time. You better have the spikes on those shoulders man as you're hearing that because that's quite a world if that's what becomes the norm. One of my favorite stories with Mark Douglas was December of I think 1996 we were in Chicago in Mark's building and we were getting on the elevator around midnight we'd been out at a concert and as we were getting on the elevator there was these two gentlemen holding the elevator for us and there were three of us Robert St. John, myself and Mark and they got on the elevator and it was Ernie Banks and he was one of my heroes you know played for the Cubs and I said you're Ernie Banks he said damn if I'm not and he said do you ever loan money to your kids and I said no I said I give money to my kids because I don't ever expect it back and he gives me a hug and he says to the guy behind him he says you see he said this guy understands what it's like about family and he said you're never going to get your money back from those kids so why even say it's a loan you know so you got to know where you stand right totally yeah yeah and a lot of fun and not to bring it back folks this chart in Larry's service last night put out there so check it out lots of good action in there lots of good action across the world you know the other one looks interesting Tommy if you look at the I posted the chart here on this head and shoulders pattern like we were similar we're looking at in the in the gold now what's happened is you'll notice that 61% retracement we made two weeks ago was at 150-20 and that was a perfect 61% retracement from the three drive to a top pad we made in August of 2017 that's a major top and it took you know well over seven months to complete it and it did it in a beautiful technical format that tells us that this head and shoulders pattern is in deep trouble especially if it gets below 146 and we're trading we got as low as 146-22 I think this morning and we get below 146 this head and shoulders pattern is kaput it's not going to be working man I know these rates it's quite it's quite a and just the whole complexity of things Larry right in terms of anytime you get good economic indications the market kind of freaks out because maybe rate hikes coming it's almost an inverse relationship where good market activity the market gets worried that rates are then going to go up right and so then the market will pull back I mean the amount of variables that come into this which isn't usually the case usually it used to be all we got a booming economy the market's going up now coming off the zero interest rate environment with the Fed we get good economic data the fear is that they're going to come back to raise the rates just like when we got bad economic data market actually liked it because all those rate hikes and so it's kind of inverse how that's played out it certainly is it's different this time and it's really different this time yeah no it's remarkable man I don't understand quantitative easing either I never could understand that either but that's that's for the boys in the ivory towers to figure that and myself Larry it's pretty remarkable and I think about I mean that you know I am I am a product in terms of you know I'm almost 40 years old but the rates have been almost zero percent yeah for my you know entire existence in terms of you know we had the 2002 2008 graduated college 2002 we had the 2008 financial crisis so it's like I in my adult you know life have not known a market very different which which is pretty pretty obscure when you think about how how different it seems to be wow when I was 40 Eisenhower was president holy cow baby holy cow is right all right where are we jumping to next let me jump around what do I have up here stored the crude oil market I think we're heading down I think that crude oil markets made a pretty significant top I'll post the chart because here again we hit one of those beautiful 61 percent retracement so we look at quite a bit here and you'll see that that was around that 64 let me get it up here in the room so everybody can see it that was at that 64 20 level okay rating it's 33 30 so we're down a little more than a handle in that if we get if we get the crude below 62 that will certainly verify that that 61 percent retracement is a major high I would think but it's okay pretty much on yeah and then of course you had last week yeah the Saudi Aramco bond offering seems like more people wanted that than you'd ever imagine a hundred billion dollars coming into that market Saudi Arabia seems to be doing just fine in terms of the financial being and that should be the case at 63 I mean we're just sitting at 42 it's pretty remarkable how everything almost Larry from that December Christmas Eve low the volatility that we've seen in the market I mean just oil 78 down to 42 back up to 63 those 61.8 percent some seeing those on a lot of charts that you have been posting in terms of the pop we've gotten the 61.8 percent pullback and we would spend sitting at those levels and be remarkable if you had said to anybody Larry right on December 24th that we might see and even above $60 would be remarkable but as in you know sitting flirting with $65 $70 oil pretty remarkable yeah and not on that in the midst of a you know big scandal over there where they had somebody whack you know and you don't hear about it anymore it's just it is remarkable and I hope that they talk about it a bit more because they got quite a reprieve for such a heinous act to to be pulling in $100 billion worth of orders oil at $63 and yeah the new CEO of Goldman Sachs right Solomon I believe was over there recently so it seems like it's business as usual which was I it's remarkable man it's remarkable it tells you the news is if you own the news you own the world you know yeah and kind of that money talks right unfortunately which is a bummer sometimes a bummer so best why I'm jumping all around but I saw they have a new CEO coming out I guess I think she's just out of high school look like from her picture really I haven't seen a picture yet look like she's 25 years old she's probably 40 but she only looks 25 so Corey Berry as its new CEO and the past CEO becoming the board's executive chairman and let's see first woman to hold the CEO at Best Buy Best Buy is going to be a case study as well in terms of this remarkable the turnaround they've had they were one of the first really facing some heat from Amazon and they really turned it around man they are no longer just a showroom for Amazon so Corey's played a critical role in developing and executing the proven growth strategy in place today and confident they have the vision skills experience leadership to be our CEO that's the past CEO Jolly and I'm pretty muted reaction you got Best Buy down about six tenths of a yeah six tenths of a percent I'm just pulling it up let me get a short time yeah spike to 72 so back above 73 pretty muted market seems okay with that folks we'll be right back for the final segment of the program stay tuned making it 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 6 and 3 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 how to use an extraordinary set of tools as well as provide great market calls to sign up today it's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th 2002 when gold was 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that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basel found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price insurance as well as market trend calls thus was born the Chapman Wave sequence using the Chapman Wave methodology along with other indicators Basel Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basel's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Basel's newsletter at the opening call 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 Mac folks Tommy O'Brien with Larry Pezzavento so Larry I see you have a profile up there from the new CEO not bad with the company for 20 years so she's 43 she must she must really like me 43 though that is quite needs to be leading a company that is a mammoth of course best buy but with the company for 20 years she became CFO in 2016 always good to be having somebody running the company that understands the financial aspect of things and the market seems pretty much okay with it and she's above minimum wage to 4.4 million bucks I would say and I would bet that's going up with stocks stock stock options a plenty coming into that CEO role for sure oh yeah so just touch on some of the earnings that are coming down the pipeline for the final segment pulling up some of the highlights so tomorrow let's see so we got Netflix on tomorrow after the bell Tuesday after the bell we get IBM set to post theirs on Tuesday as well United Airlines coming out with their earnings Tuesday we got Morgan Stanley Wednesday before the bell Abbott Labs Wednesday PepsiCo Wednesday AmEx on Thursday and they just keep going man it's going to be quite a week it'd be interesting to see how it happens Netflix of course so Netflix after the bell tomorrow we'll see what happens that that one's um I'm interested from a personal perspective Larry I just think it's really interesting in terms of that fundamental perspective of who's going to subscribe to what I'm a Netflix subscriber I'm an Amazon Prime subscriber I don't think I'm going to be a Disney Plus subscriber no children in the household just yet but we'll see what happens man Netflix though ahead of that earnings Netflix now down 2% as it is sliding Larry I don't know what's happening a lot of competition I agree Larry thank you so much for joining me man always a pleasure folks check it out in terms of Fibonacci 24 7 brand new weekly issue right now on the hot press stay tuned we got fast market TD Ameritrade next Basil Chapman Steve Rhodes Dave White and we're going to treat this afternoon as well have a great Monday everybody