 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 and welcome all to another excellent edition of the power trading hour with me your host and it doesn't matter where you're at as long as you're here at this time. The following takes place between 2 p.m. and 3 p.m. So what do we have going on today well we tried it yet another sell off let me get this back up here where I can where is that at what a way okay there we go we tried another sell off just get back here and didn't get very far. We've got kind of a real tug of war between bears and bulls anytime the market starts looking a little weak we see a lot of money entering the treasury market getting pumped back in and of course that gets sold and turned into buying of equities and at this point it's just buying of a couple of equities to keep the S&P and the NASDAQ higher. 6 up 53 the S&P's up 28 crude oils up 57 gold is up 670 and if there is really kind of a surprise for me this week it was that gold did not run about 40 or 50 bucks higher. Generally in markets that are back and forth like this the biggest winner is either a commodities like crude and gold not really getting a lot of that so maybe there's something else going on telling the story that I'm not quite listening to the market and hearing but I think more than likely you can say that it's a Fed that is talking out both sides of its mouth saying it's going to taper and then as soon as it does throw a big wad of cash to market once again am I still using github instead of my inside microsoft these days yes github is the is the thing especially if you have visual studio for microsoft but I'm not exactly sure where that question came from but yeah inside microsoft I don't know if you call it inside microsoft github is its own standalone thing the reason that microsoft actually bought github as we go on this tangent from john and the den is to get a look at all the code and the way people are writing it they are now using machine learning to figure out all the standard patterns in developing software and have been delivering new versions of their visual studio which is their code editor for programmers to actually do that and I'm seeing some of the fruits of that actually come to life as I work on something and have for many years now hopefully it will bear fruit one day but certainly a lot of this stuff going on github is the place and why there was a lot of consternation I don't get to use that word very often consternation about microsoft buying it now I haven't heard a lot of complaints lately to that level they've been rather a benevolent ruler of github but now microsoft's using it the same way google is using search and that is we want to know what people are doing and what they're going for for microsoft it's uh you know you can put anything on there in any language you want on github and they're just looking at the files because they're all pretty much public some of them are not public but uh they get to look at those too so does it sound anything like google and then instead of search it's a programming code so it is nice uh oh trying to give me a new opportunity for mixed metaphors anyway I bought calls on go on gld this week gold went you know slightly higher didn't really do much for my my calls but I got out today about an hour ago you know when things are not when markets are not acting the way you think they should act the old saying is when in doubt get out and now I'm back to 100 cash I can probably think a lot more clearly what I see over the weekend and whatever happens Monday again we're in a headline driven market and one that has a kind of the man behind the curtain that being chairman Powell and you never know what lever he's going to pull uh oh when he's going to stop but I suspect that what they're trying to do is have this market hover right around this area until the end of the year in fact it may go up slightly but uh I think they're going to let off the accelerator anytime above 4700 uh below that they're going to probably throw a little money at the problem I still love that ad uh so I'm going to play it again because this is uh I don't know it goes back maybe five years but it's a great IBM ad are you suggesting we throw money at the problem precisely so when we see that kind of stuff go on it's tough to figure out that you've got a lot to the upside or a lot to the downside and of course the big men of wall street continue to uh be sellers I put this in my tech insider newsletter that uh went out or is going out shortly uh and that was intel but uh I see so many stocks like this uh it's not that intel doesn't look good here with a light volume pullback uh what it means is that near me basically get a five dollar or 20 yeah 10% it would be five dollars right so you get a big bounce to 55 bucks it gives it all up in the next three days and that's kind of it if if your stock hasn't been the one of the anointed few three or four all the bounces are getting sold now you can make a case that $50 is fairly good support with very light volume today but uh I think uh if you're talking about the church of what's happening now it is sell the rips buy the dips and you may do that all in the same day because there aren't a lot of trends uh developing here other than the fact that things that are bouncing are getting resold back into it options exploration continues to bearish we're at the very top end of where it should be this is very reminiscent of last month where we were stuck uh at a level and the markets decided to just hold the accelerator to the floor there wasn't any more speed to be had but they weren't going to let off of it during exploration so maybe a repeat of last month's exploration that is not much upside in fact very little upside but every time you pull back it's ripped back up to that resistance we'll be back in a minute 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 task profile scanner is the premier market profile based scanner powered by its acclaimed task proprietary algorithms this feature rich scanner instantly filters over 2,500 plus global financial markets such as stocks ETFs commodities futures and forex this powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen for a limited time you can save $100 off your first month by using the promo code upgrade and you still get a 30-day money back guarantee so you have nothing to risk level the playing field with the task profile scanner which you can find under the services tab at tfnn.com sign up today 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 call now toll free at 1-877-927-6648 internationally at 727-873-7618 we returned uh greg wants people to look at m g in i let's see what it is um okay mag night or magnetite what these guys do sell side advertising platform in the united states and international company advertising platform and it ables publishers to monetize various screens and formats including ctv desktop display video audio yeah interesting i don't know if it does well now i think in a couple of years some of these companies are going to do extremely well but that's going to mean that google facebook and some of the other guys that are literally monopolies get broken up but right now i think it's an awful hard thing to be in that business and go up against facebook and google uh they can kind of crush you that being said uh the chart does not look that bad what you would like or let me put it this way that what i would like uh to have a little better deal is you got a nice volume retrace you may not get it but uh if you get back below the three by three for a day or two the next move higher should be when this thing starts moving but uh everything that i see in the markets right now uh tells me that we can have a lot of sideways going on and uh i was talking to somebody in the den about uh if you get a profit it's probably time to take it uh just about uh everybody is seeing some moves and they last for a day and then they give it all up which is kind of what i was talking about on intel earlier in the show and that is problematic because uh you like to think that things work the way they're supposed to work and most of the time they do in the market but sometimes they don't and uh leaving money on the tables one of the hardest things to do if not the hardest thing to do and but uh generally don't just have one day of something generally they move on and that is one of the hotter ones don't force trades um but uh yeah uh eight seven seven nine two seven six six four eight we did have some earnings uh oracle was the big surprise uh one of the reasons i don't like to trade oracle very tough to figure out what's going on inside of it uh but what they did reveal was that they are finally in the cloud business i really couldn't see why they'd been moving up so well apparently they let people on the street know just how much money they were making in the cloud business but again they were going up against amazon and microsoft and uh and uh google uh very surprising that they were able to turn this thing around but according to them and larry ellison uh the big s and p 500 companies are throwing huge amounts of money at oracle to use their databases so and on the cloud so they are tending to use uh or at least a kind of a hybrid and that is that they're using the oracle databases hosted by oracle and the amazon web services uh or as your web services or google's web services uh and they're splitting off that very lucrative database side uh oracle has for uh the last 40 years let's say 40 years 1980 yeah 40 years hired the cream of the cream of uh software engineers who understand databases and algorithms to make the most efficient use of your hardware uh and people are willing to pay up i'm kind of interesting because there are so many free databases out there now like my sql and others that you know just 90 of that free stuff runs on amazon servers uh a little different with microsoft they've got their own uh sql server uh that they sell services for uh which makes them a lot when you think of a license single machine license at $3500 for uh some of these things it's quite a chunk of change uh compared to free from my sql and some of the other stuff but uh they're that model of charging for support uh but not the product um is kind of broken with oracle going higher they have bucked the trend of driving prices for that added value high in product uh fairly well and it may be an issue of security may be some other things but uh they really don't talk about what's going on and one of the reasons i find it very hard to trade is you can't really know what the s and p folks are doing i will say this though if the market starts pulling back guess what s and p companies do uh they quit spending and right now i think with the uh markets going to highs uh there was a lot of selling um but as easily these guys go to heaven they can also go to hell if the whole thing turns around especially in december do not force trades okay uh show question uh i'm lying micron calls you think it continues to move up soon okay from chris um it's on the right side it hadn't broken anything uh the downside i see is the overall market as i said going sideways i thought we'd have a much uh we we got the problem is and i remember talking about it early on in maybe 2001 or two with uh tim orton a few of the other big traders at the time uh that i was hanging around and there were most of them have this kind of uh uh three uh the three bears kind of thing where the porch too hot too cold or just right um but when you get everything in one day which micron uh kind of did uh with this big move higher it kind of stumbled up uh after the 19th you had 47 million shares uh you spiked with 31 million shares it's not like this thing's coming back and the seasonality is good for support but the problem is if you get all that stuff in a day uh as we've been talking about the tendency is to either go sideways or lower the best thing you can say about micron is it's got a fantastic business it's selling to the people who need more of their product uh than they can produce not micron but the both amd and invidia uh so that's kind of it um i have to say you know i don't know uh which calls you have and when they expire but you know if you're in the money i think you can sit on your hands if you're not if you're trying to get uh you know a few about 90 calls the thing really looked like it was going to 100 uh when it came off that 75 level uh but again every time we get to a higher high we get a Fauci declaration of the end of the world and every time it starts moving lower we get uh the fed president throwing the uh uh the three barrel t-shirt launcher of cash at the market uh so we've got kind of uh a market that really is set up uh to teach traders that uh it's going sideways i think we're gonna have to have some kind of big fan to get us out of the funk uh very we'll be 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tfnn.com just to come back um first one is um maderna mr mrna gap down at least got some of it back trading at $256.50 uh yeah and around there $256.50 uh did gap down um got more volume than it's had it's kind of not the end of the world uh you are into a low of $210.96 the november 5th low that had 60 million shares with just 13 so it's not the end of the world out here you covered a little bit of it uh but still not good news there uh they had problems with their flu vaccine which uh doesn't look like it's going anywhere of course that would have been a big deal for those guys uh especially in a downtrend uh when it looks more problematic that they're going to have less boosters and uh and uh vaccine uh for covid going forward which i think has been one of the reasons why this thing came back down but support looks fairly good around down in that area at least on volume um the energy on the way down it didn't really dry up that much maybe 10 percent uh which you know i look for 50 but uh certainly the only good thing you can say about today uh is it did go down into that candle it did do it on extremely lighter volume uh so um you know if i was short the thing i would have been out that's interesting okay you gotta know it 877-927-6648 if you have any burning questions give me a call or email me at path at tfnn.com we looked at oracle lulu lemon down about 2% not a big deal out here um this thing was already in a downtrend did gap down a little bit uh you know in the end of the world no what i do dislike is uh you're getting back into some candles out here that didn't have a lot of volume uh going back to november excuse me october 18th and some other ones down here a lot of 800 000 share days so you're piercing that today with 1.8 uh but uh maybe a lot of these things that did well um are getting ready to uh uh turn uh we've talked about it before i think uh even this week and that is that uh over history um there's a handful of stocks that always vastly outperform but they outperform for about three years and then they go into high burnation sometimes for two years sometimes for 10 and then they finally come back kind of like the cicadas well we've got a lot of these stocks that were driven to very very highs um massive valuations they've come off of that uh at best you're probably looking at some consolidation between now and the first of the year but i think again you're gonna have to have some kind of issue uh or headlines really change the path of many of these that have sold off in the last 30 days i do suspect that wall street's doing one of two things either thinking a top is in or looking for faster horses and there may be a combination of those two in these stocks but uh why we see so many of them being sold off does not mean the end of the world although things do not look good for the first of the year uh but we do see uh maybe uh finally a chart i changed in uh what's going on uh question about apple as i've said over the last few weeks uh maybe even a month that it was going to be an apple christmas um did see a article and i can't remember which company it was either it was target or walmart saying that they were 57 days behind and getting merchandise uh behind their normal schedule so they're basically eight weeks um out there i you know amazon's done a little better because they have their own ships and uh they um instead of having contracts uh locking them to long beach harbor they went up to oregon and washington and unloaded at some smaller uh ports and got it on the rail lines get things done um a lot of the bigger ones walmart are literally so big they can't and uh that has a lot of it anyway i was saying and almost jokingly that it was going to be an apple christmas mostly because they can throw everything that they sell on a 747 uh absolutely to the rafters because it's not heavy stuff uh and maybe add ten dollars to the cost of a fifteen hundred dollar phone absorb that fairly easily uh but especially when you're talking about earbuds that kind of stuff um pretty lightweight stuff other than the box i'm sure the box weighs four times what the product does but of course uh when you're talking about a product that cost fifty dollars to make in yourself for two hundred bucks there's some decent margin in that for hardware a lot of times people don't get it and i can't imagine that accessories other things for apple uh maybe samsung too because they can do the same thing but a cell phone christmas or smaller items that are that way um problematic to think that anything that's cheap couldn't absorb a ten dollar freight cost or much higher because of the weight uh continues to weigh on the market we're going to go to will in georgia um how you doing today will hey david great thanks for taking my call i just wanted to get your thought or opinion about uh planet labs uh ticker symbols now pl recently did us back and um i was actually looking at it picking it up around this level uh since it just looked like it finished an abc down but i'm a little concerned about how aggressively it went down in the last couple days and just wanted your insight on the maybe the company itself and technically what you're thought maybe uh this is not an over-the-counter is it you know it's uh pl paul larry it's a planet lab yeah i just wanted to make sure by the way this thing moves it trades it trades wacko right psycho so i just wanted to make sure that i was well they just completed this they just completed this back and i think that's part of it before it was under the dmyq symbol and uh two days they approved this back so now it's officially under the pl on my sd okay that makes a lot more sense uh they provide daily satellite data insights about earth huh deep insights uh it offers planet monitoring planet tasking planet face maps planet analytic feeds planet archive planet apps you know anything about this company specifically well i from what i understand they have some backing from google i think and uh some other big investors and uh they do have some some revenues and they're looking to expand them exponentially over the next few years but uh basically they have a lot of pretty substantial um satellite imagery that provides some uh pretty big companies and that's basically what they do so um don't really know much else we'll be back in a minute hopefully you can hang on will thank you so much 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 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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 in 50 cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try at risk free today with our 30 day money back guarantee tfnn educating investors are china ashare's hot or not if you trade china ashare's now may be time to take a closer look trade chau or chad directions daily csi 300 china ashare bull and bear etf's china ashare's 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 eight six six four seven six seven five two three 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 four side fund services llc don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv hopefully we still have bill on the phone are you there yes thanks to yeah thank you couple things uh any chance that you know a little more about this uh company like when its next earnings call is and whether or not they have any pipe deals um what was the last question about i feel like you would be related to spec offering recently mean yeah it's yeah i don't know about that it wouldn't surprise me um i was talking about that earlier on tuesday where some stocks blew up uh that were facts and uh the pipe deal is a private investment in public equity deal a lot of these facts have been blowing up on it what they did was after the thing uh started trading uh they sold a bunch of shares to uh at a discount uh to somebody and depending on the uh inside uh agreement some of those mean that they have to hold them like a lock up period some of them do not and so when some of these things have doubled and tripled all of a sudden you find a ton of folks who bought way below the market uh that are now up to 300 percent in a matter of weeks are blowing these shares out and we've seen some of these that are actually fairly decent companies uh see uh see some pretty big hammering that the reason i asked is i was looking at one and i couldn't get a answer on when their earnings were or if they had any spec deals i mean pipe deals and that one kind of blew up this week on that so i stayed away from it because i couldn't get an answer but generally the thing to do especially on these is you're going to have to do some more digging uh if you go to the investor relations page uh for uh planet uh you'll probably find some kind of email address and you want to know two things on these right away and that is do they have a bunch of outside shares do they have any lock up period do they have any pipe deals is there something that's going to come and land on you like an 800 pound gorilla sure uh i do not i didn't find anything coming out next next week but um yeah with these that's one problem with this fact is that again they kind of come up out of nowhere and they seem like they might be a good deal but then like you said they have some hidden shares that you know just blow up yeah maybe just find a huge supply all of a sudden on some of those but um those that's what's been happening the last couple of weeks as we've been seeing those start to pop up uh so i would worry about it um you know it depends on what the volume is down here are you already along this thing no i was and i got out uh yesterday morning before it really started to drop when i dropped the load sort of support that i had so thankfully i got out yesterday early yep there's the quick and the dead in this one so so yeah that makes a lot more sense perhaps but i probably just have to wait for the to settle out and things to calm down a bit maybe it's yeah i was thinking maybe has something to do with the trading in relation to the you know the nasdaq itself as well with it with having some weakness but you know i think there's more to it than that as well like you well certainly there's a risk off except a handful of stocks that can hold the indexes up so there's there's some of that um the big thing i think now though is that if you haven't heard of the company and it's not on cnbc all the time the next couple of weeks generally the best you can hope for is sideways so you know if you're going into earnings next week um i don't see any reasons to get in front of this uh do you have any idea of uh short positions in this or anything else no like you said it's just it's since it's fresh on the nyv coming out that's back it's everything it's just uh um completely in the dark so yeah so when in doubt stay out is my motto so the a lot of those chestnuts are well worth the money that you pay for them that have been around for 200 years and at least the us market but um yeah i don't see any reason of uh getting out in front of a freight train you know maybe there's a lot of money maybe there's not but a lot of these things look a lot more like gambling than prudent speculation and you know maybe you can make money maybe you can't i don't see a lot in this if the volume was next to nothing like some of the other ones i said you know maybe there's a lot more if the volume was like a million today uh that would be interesting but you know in earnings maybe they're getting everybody short just to run them out on earnings but you know have you ever read uh reminiscence of a stock operator uh yes twice excellent okay so you know what i'm talking about this is i mean the SPACs are absolutely perfect for uh stock operators um i mean i think these guys probably in the last year have died and gone to heaven right if they know the inside so you know um i go ahead well i appreciate your your thoughts and an opinion and i just hope i was just wondering if you had maybe some other insight that that i didn't wasn't privy to but i really appreciate you taking a look at it and appreciate your time and thanks again for all you do and i wish you the best uh happy holiday season and uh in the new year as well thanks so much dave uh to you too will yeah i'm going to say that this is already the time where you're starting to look at stocks and the volume start to come out a little bit i mean by next friday it's going to be kind of it that'll be the end of options expiration and that becomes somewhat problematic in that you know you get a handful of days before christmas all those days are going to be very low volume so if you're in anything i don't think i want to be in stocks that are doing half a million shares today because they'll be doing 200 the week before christmas so if i'm looking at something i want some fairly decent liquidity now as that liquidity dries up going into christmas railroad racket someone's talking about that okay thanks will thank you so uh other things i got some questions on some uh other earnings stocks see if we go back to this okay take a look got lulu uh cost maybe it was cosco who uh in fact that's who it was it was telling us that everybody is back 57 days on deliveries uh nice day for that you're back up to of course the previous high um i don't know what else that you can say about that you got lots of volume you're not breaking the high uh but this would be a tough one to be short into the end of year certainly looks good uh kind of interesting that you well you did go through the previous high and you're back in by a buck but uh yeah doesn't look as bad as uh a lot of other things in this market uh chewy um had a bad hair day after earnings last night um gap down uh they're talking in the den about supply problems for it too but this one actually broke through and went lower and did it on volume so maybe this is one of these things where until the supply problems get cleaned up it's problematic you're back into a previous low that had seven million shares with 14 today so problematic 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 ball 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 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