 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good Friday morning everybody. I'm Tommy O'Brien, committee live from TFNN, 9.06 a.m. Friday morning. We got about 24 minutes to go until the start of trading and we got markets catching a bid, folks. We're in positive territory. The S&Ps, NASDAQ 100 and the Dow, zooming in on the action on the S&Ps, it's been quite a week. On Monday, you accelerate to an all-time high of 44.76. We make a low yesterday early of 43.47. You're talking about almost 130 S&P points and then they buy the dip on the morning and guess what? They're buying the dip again, folks, this morning. You accelerate lower at about 3 a.m. to a low pre-market of just about 43.70 and just basically in the last half hour since about 8.30 this morning. You're higher. You're trading at 44.04. You're positive by two points in the S&Ps. Yesterday, you make it to 14,999. 14,999 was the high yesterday. We're climbing up to that level right now, 14,969 in the S&Ps. Dow positive by 12 points, 34,831. The Russell, the laggard as usual. You take a look at the Russell. We're talking about all-time highs of 23.66 and the Russell will really bump it up against the lower boundary line that we've been trading in, right? Let's zoom in on the Russell here. Interesting action. That or thereabouts has been the lower boundary line, whether you back it up to March, you back it up to the end of March, you back it up to the low we had in May. You make it down to a low of 2112. You make it down to a low in July of 2100 on the dot, 2110 pennies. And then between yesterday and today, we have a low of 2108, 2109. As you see, we're lining up to that level. Now, if you go back to February, you did have a low there of 2028. But the Russell, we're a solid. That is now 236 points basically off of the highs in the Russell. Bitcoin catching a little bit of a bid. Let's take that off on Bitcoin. Let's zoom in on the 15 minute chart. You have Bitcoin trading higher from yesterday's action. Yesterday you had a low, excuse me, Thursday at about midnight at about $44,000. We're trading at $47,130. Crude continuing to decline. We almost got a 61 handle on crude this morning. We're trading at 62.71 right now, down 80 cents. Tough week for crude when you look last Friday. We were approaching almost $70 on the price of crude. Goal contract hanging out, pretty tame week on goal. Kind of just chopping around between about $1780 and close to $1800. We're trading at $1782 and we jumped to notes and bonds. Pretty tame week for notes and bonds as well. Considering the market action we've had, right now you got the 10-year basically flat, that's going to correlate to a yield right now of 1.24% on the 10-year. About 1.25% on the 10-year. You take a look at the daily and you see the run that we've had. Let's take a look at a weekly for some real context here. You accelerate up to $140, $24 when you talk about the COVID, basically highs in price, lows in yield there. It's been quite a rise that we've had. When you back it up to where we were in March, a little bit of volatility, but all things considered. Just chopping around right now and we finish it off with the VIX. Volatility index right now had been a series of lower lows and lower highs. The recent high, when you back it up to about a month ago, July 19th, now this is a weekly, okay? Let's put it on a daily to get the full action. We're going to put it on a daily, we're going to zoom in on the lows and the highs that we've had recently going back to about a year ago. A little bit more than a year ago actually, correlating to June of 2020. And you see folks, when you put the highs and the lows on there, we're talking about lower lows, lower highs, same thing this week. When you look, the high we had there, $24.74. Look at the highs we've had, $4116 back in October, $37.51 in January, $31.90 in March, $28.93 in May, $25.09 in July. And now we get a high of $24.74. And we'll see if we pull back or if the market volatility persists. Coming into late August trading, coming into September, summer, nearing an end. All right, let's jump around to what we have going on this morning. We got some stocks out there with earnings and there's your VIX action. We were up to almost 24 last night, but as the market has paired those losses even in the last half hour. Talk about a resurgence, folks, really remarkable. All things considered on the S&P, right? Talked about it yesterday, bumping up against that lower boundary line, folks. You put the S&P on a chart, you back it up to basically where we were in November. Now, as I've stated, all right, it's an art, not a science, technical analysis, folks, if it was a science, it would be solvable. It's not solvable. And as you see, pretty well-defined channel line, right? You go from where we were in November, vaccine efficacies get released. The market takes off in dramatic fashion. You trade from a price point of about $3,200. We're sitting at $4,400 multiple times. We've bumped along this bottom boundary line or the top line. Early on in that trend channel, we were bumping up against the upper boundary line. You fast forward to about May. Since about May, we've kind of been teetering on the bottom part of that. But each time we have, we've found a dramatic bid. Whether you back it up to June 21st, now look at this, folks. All right, do you remember? I mean, we do. These are some harsh lines. Let's just zoom it in. Whether you have the acceleration back in May, but really, this is now, this is a daily. June 18th, we have a high of $4,220, a low of $4,140. That's an 80-point S&P bar while we get it back on the Monday when we come back. You zoom it in on July 19th. We have a bar that's approaching 100 points. Now, you don't close up, but from a high to a low, $4,320. On the high, $4,224 on the low, you do close it out at $4,261. So you get back some of those losses on July 19th. Very next day, you basically get it all back. And what do we do again, folks? You back it up to yesterday's action. Quite the resurgence. You hit that line. We're trading higher even this morning again, rejecting lower price. As we come into Friday trading, you have option expiration going on as well. And we got markets in positive territory to kick things off. All right, let's jump around to some of the equities they're making moves this morning. And before we do, China, they got some problems over in China, folks, in a big way in terms of their markets. You get the Nikkei down a percent right now. Shanghai down 1.1%, Hangsang down 1.8%, as they say. And that takes the gauge losses to more than 20%. You're talking about a bear market should not be surprising, folks. These stocks stay away from these stocks. Now, folks, could you make money trading even buying some of the Chinese stocks? Alibaba, could you make money trying to buy, trying to catch a falling knife? Yes, yes, you definitely can. Are there easier ways in this market to potentially make money? Yes, I think there are. You're talking about a 20% haircut, folks. Some of the big flyers over there, they are down much more than 20%. You're talking about Alibaba trading from $320 to $160. Simple math, folks. That's a 50% haircut on Alibaba. Diddy shares, they were up at $18 before all hell broke loose. And now you're trading at $720, putting that back on a daily. It's just a slow slide to negative prices, folks. I don't know where the pain ends, but you're messing with variables that you can't quantify. That's the tough part about trading these. That just turns into straight gambling. And yeah, there might be a way to trade this with a risk capital that you're willing to basically lose all of the equity that you put into any one of these specific equities because you're dealing with variables that you cannot quantify, all right? Nobody. And yeah, I guess there are people out there. They're probably existing in China or very high level state department, very high level CICIA, whatever it is. These are geopolitical issues that might stretch decades over in China, all right? President Xi over there, he is not concerned with the prices of their equities tomorrow. He's concerned with control over that company for decades to come when he'll be the dictator in charge of China. Keep that in mind when you're trying to find these. Doesn't mean you can't trade them in today, right? The volatility, traders love volatility. But man, they get some big problems over in China. Kathy Woods catches a lot of grief over at ARC in terms of just parading around the tech stocks. But the one thing I think she nailed, folks, she stepped out of China stocks immediately, completely, and kudos to her because I don't know how you buy in those the term uninvestable out there as well. All right, folks, come on back. If you take a look at some of the equities we're learning, we've got football, trade and hire today, we've got John Deere, trade and hire as well. You're right back. Golden ratios give shape to everything in our world, represented in the Fibonacci sequence. These special numbers define the patterns that make up our universe. Not even markets can escape the omnipotence of these ratios. Larry Pezzavento is a 45-year market veteran who has published nearly a dozen books on the powerful patterns we find in nature and the relationships with the ever elusive markets. Larry's newsletter, Fibonacci 24-7, will teach you to harness the power of these natural golden ratios in order to create successful trades. 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We have indications from Fed Minutes that we might get some tapering towards the end of this year. We have benefits expiring in September for additional benefits. It's all kind of coming to roost right now, folks. That is what puts this forefront in the market. It'll be interesting to see how some of that economic data comes out, whether you talk about we're going to get August, July, excuse me, August non-farm payroll numbers coming up. I mean, these numbers are going to come, folks, and they're going to be important. And it's a little bit dicey when we see some of the case numbers, some of the hospitalizations were, of course, in Florida. Everybody pretty much aware at this point, the numbers in Florida, the schools in Florida, the kids getting hit. Hillsborough County, I think they're up to more than 10,000 kids in some form of stepping out of class, whether they're quarantined for just exposure or a positive case, 10,000 kids. Now, there's more than 200,000 kids in Hillsborough County. I think it's the seventh biggest county for school in the nation, something like that. We talk about 10,000 kids. We're just talking about like 500 teachers. Point being, you get those kids back at home, folks. Somebody's got to take care of those kids, all right? Not only was it supposed to be the benefits expiring, I'm bringing this back to the market, all right? Humanity is involved here as well. You've heard me talk about it. I encourage you if you have the ability and you haven't yet for your own benefit, folks, to protect yourself and those around you to go out and get vaccinated, all right? The people who are clogging up the hospitals right now, a majority of those people by a preponderance of a majority of those people are unvaccinated. And if we're filling up hospitals, that is the quickest way that we might get restrictions that lock back down the economic activity that we're all waiting for here. And so that's kind of why you add it all together. You got benefits expiring in September. You got 10,000 kids in Tampa stay at home, all right? That's gonna bring parents home with them. There's no denying that. It's gonna bring parents home with them. That's gonna hurt economic data. People are gonna be out of work that might have been back at work. Even if you're at home and you have kids at home, that's hampering productivity. That's hampering economic productivity, which is gonna add to GDP the whole deal. So it's a little dicey here, encouraging to see the market catching a bit though as you get the S&Ps up six points right now coming into the open at 4407. All right, let's jump around to what we have going on in terms of stocks making moves in the earnings front. And we're gonna start off with Foot Locker. Strong numbers from Foot Locker here. Retail, big week of retail, second big week of retail, you could say. And some strong, strong numbers across the board. We've seen. Let's get into them. Where are we? Come on, where's the headline number here? The only guy was just reading it. Net income, 430 million or 409 a share compared with, yeah, a year earlier doesn't matter. Revenue serves 9.5% to 2.28 billion from 2.08 a year earlier. Comp store sales rose 6.9%. Here's the number. The journalist had been looking for a 0.2% decline. That is quite a beat, folks. And Foot Locker, they are benefiting as they should. And there's your acceleration from about 55 up to 60. You're up almost 10% on that equity. The conference call just beginning at nine o'clock in the morning as the show began. We take a look at the three year weekly. This thing well above pre-covid levels. We came into COVID at about 40 bucks. We just made a high recently of 66.71. Just missed that at high. Back there in February, just for some context here. At a all-time high, deal with it. Come on here, Swim. Come on, where's my monthly data? There it is. Yeah, so not quite up to an all-time high. They had back dating to 2016. But still, right up to that level, bouncing within about 30 cents of that high we had of $68, we make it to a high of 66.71. We're gonna open above 60 today. Seems like it would make a run for that high of 66.71. When you're talking about comp sales of almost a 7% increase when the market was looking for basically flat to slightly lower, you had the CEO say the company saw strong demand in its women and kids' footwear business in addition to its apparel and accessory segments, promotions in check, fueling profits, he said. The CFO commented that the retailer made cautiously optimistic about its outlook for the second half of the year, recognizing we're still operating in uncertain environment due to COVID-19. Earlier this month, they announced it would be buying two smaller store chains for a total of about a billion dollars, 1.1, as they look to basically consolidate a little bit at a time when they are accelerating from a low of, what was that low, 14, 17, 17 bucks. And we're gonna open this morning at 60. All right, what else we got? We got John Deere with their numbers, strong numbers as well. John Deere trading up about $8 from 358 to 398. We jump over to their numbers, 532 a share. Market was looking for 458. Some of the endless numbers just all over the place. And you gotta give them a little bit of shade because there's so much uncertainty in this market going on. But it's almost becoming like the norm that these companies are just crushing some of the estimates here. So they beat it on profit, revenue beats as well and their trading hire raised its full year earnings forecast on solid demand for farm equipment. All right, what else we got going on? Jumping down the line, Spotify. They announced its board approved a billion dollar stock buyback. Things are good at Spotify. They're trading a little bit higher on that news as to be expected. There's your Spotify action from 205 up to about 209 this morning. We have the markets positive as well. AMAT out with their numbers. They beat as well by 13 cents. They make a $1.90 a share, which is a beat by 13 cents. Revenue topped as well, better than expected outlook. But AMAT falls 1.3%. Talk about some lofty expectations. Not so much actually, we're driving higher. So you're about a buck on AMAT. Now you take a look at this thing, right? Quite a rocket ship. You come into COVID at about 60 bucks. You really accelerate on the vaccine efficacy numbers from 60 bucks up to 146 this morning. We're gonna open at about 130 for AMAT shares this morning. Jumping down the line, what else we got going on? Speaking of retail, Ross. Quarterly profit, $1.39 a share. Market was looking for 98, better than expected revenue. However, its current quarter and full year earnings outlook fell short of forecast. Market only cares about what you're gonna do for me in the future, folks. Not what you did for me in the past. These companies are valued on future multiples. Not what you did in the past. Ross doors, not so much. And you're gonna open down about $4.00. I think it was pre-market. There's your acceleration on their numbers last night. Catching a little bit with the market, but still off about $5.00 from their numbers. Now let's just check in on some of the other companies they've reported this week. See how they're hanging up. You had TJ Maxx out with their numbers on Wednesday morning. They've accelerated higher. You had Kohl's out with their numbers. They really accelerated yesterday as well. Up to about 56.31. Macy's one of the biggest winners. Hold on to the gain so far this morning. We're basically flat after this thing was up almost 20% at one point yesterday to 22.19. You're trading at 21.65. I talked about it a little bit on my show yesterday. Macy's getting pretty innovative with some of the square footage that they have. Now this is a three-year weekly. Talk about a Maxx Payne situation. They come into COVID already in trouble, right? Retailers, let's back it up to a five-year weekly. Let's back it up to a monthly for the full context here to really get a grasp of how the Payne was a Maxx Payne situation. Macy's trading at 21. This thing was a one-way ship from 73 bucks. Back in 2015, you did get it run slightly up to a high of about 40 bucks in 2018 before you dived down to $4.00. But Macy's, maybe that's the low. You trade basically right down to the lows we had in 2008, which is remarkable. And Macy's though, they're gonna be teaming up with Toys R Us. They're gonna have 400 stores. They're gonna have stores in stores basically. They're gonna have Toys R Us stores. And I don't know, Macy's folks, we got nothing in my newsletter. But that's the type of innovation that these companies are gonna have to achieve to compete when you've got Amazon gonna be building their own department stores. I think it was in Ohio and one other state they're gonna start. They're gonna have a floor print of about the size of a TJ Maxx and a Kohl's, not quite as Macy's, but Macy's. They're gonna have Toys R Us stores in stores bringing those bombs in there maybe and then having them by high margin items when they're in the store. Makes sense. Stay tuned, folks. We'll be right back with the open. 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 creditor 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. 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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 guardleafs, ABCs, 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 gonna 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. Welcome back, folks. We've got markets open and we've got the S&P barely in the positive right now. We're trading basically flat at 4402. You have the NASDAQ 100 slipping into the positive as well by about 38 points. Look at all the markets pulling back a little bit on the open though. We got the Dow, negative by 19 points right now, 34,800, and as I mentioned, Russell. Continuing to lag, you get the Russell down three points right now at 21.25. Jumping over to Crude. Crude trading at 62.57. We get the rig count today at about one o'clock, I believe. One of the only really economic data points out today as it's optioned to expiration today as well. And we jump around to what else we got going on and we started off with Tesla. You got the man, Elon Musk. He's out there touting his next big thing as he always is. And as they put it here, interesting, right? Tesla swaps year away robo-taxis for year away humanoid robot. He is quite a PR man, Elon Musk. And he's more than that because he's gotten it done at Tesla to his credit. But man, he is quite the PR guy. And the reason why they have multiples that they do over at Tesla is because you don't hear GM talking about humanoid robots, right? You don't hear that. You hear Tesla talking about it though. More than two years after touting, a plan is to turn Tesla vehicles into robo-taxis that have yet to materialize. Some of Elon's speak never quite materializes. Elon Musk held another highly technical event about autonomous driving development. Robots on wheels are still a ways off it seems. So now he's plugging one on legs. After 90 minutes of engineering talks spanning neural networks, computer vision and data labeling, the CEO seated the stage during the company's AI day event to human, to a human dressed and walking like robot. We think we'll have a probably a prototype sometime next year. That's just a prototype folks that basically looks like this. He said late Thursday, shortly after person in skin tight white suit and black helmet performed a techno Fred Astaire dance sequence. Now, Musk, still a young guy 50 years old, was more measured than he was during his Tesla autonomy day in April 19, refraining from any predictions about when the company's vehicles will be able to go driverless. He also avoided the subject of the recent National Highway Traffic Safety Administration opening of the investigation having to do with Tesla's autopilot. So he's pairing a little bit of his lofty aspirations for this company. The bot reveal excitement will likely provide a near-tomb booster shares. That's a Wells Fargo analyst talking about folks. If you're buying Tesla on a bot prototype that's gonna come within a year, just because Elon says it is, they are. That's why the company's up there, but man, that's quite a volatile trading plan. Now, here's some staggering numbers. When you think about the type of data and type of calculations that are gonna be necessary, it's a quintillion. That's 10 to the 18th floating point operations per a second, enough to stimulate a human brain. The D1 chip showing off during the event is crucial to Dojo, a previously touted super computer Tesla plans to use for simulation and video trading. Musk said the company should have Dojo operating next year and tweeted about its capabilities after the event. Well, what do we got? They're gonna have the chip next year, they're gonna have walk-in robots next year, they're gonna have robotaxis next year as well, even though he didn't reference it. There's a lot of optimistic goals over at Tesla and rightfully so. He's quite the dynamic man. He's always got big plans. He wants to go get humanity to Mars at some point along with many other things, but interesting. And there's your Tesla bot there and what they're talking about. But keep your eye on the prize here in terms of, yeah, Musk has a history of availing prototypes and selling a vision long before actual products are ready. In November 2017, folks, November 2017, we're going back almost four years ago, Tesla unveiled a semi-truck that has yet to go into production. Four years ago, that company. It's been pushed back to next year at the earliest, doing part to challenges, making larger battery cells promoted in September of last year. He's got a big vision for investors. The bot is something new that they can dream about. And that's all it is right now, folks, that you dream, but guess what? Building a car company that sells electric cars and competing with GM, Toyota and all the likes and crushing them when it comes to market capitalization. That was a dream as well. I'm presenting both sides of it. It's cool to think about the future and it's really cool when you start talking about the type of calculations. Computers are gonna be crunching. But they got a long way to go. There was a great article yesterday talking on Bloomberg that we've gotten 99% of the way to self-driving cars and that last 1% is gonna be the problem. And it makes sense. You can't plan for every type of scenario. You can, but it's very difficult, programmable for every single scenario that may play out in the role. When you think about, folks, the human brain is amazing. When you think about how many century items our brains are interpreting as you're driving a vehicle, right? You have, what is it? At least a 270 degree almost frame of sight. You think about how much data is coming in that you're observing. You think about the millions of different scenarios that could play out, whether it's cones on the road, they, the self-driving cars have trouble with rain, with sleep, and they almost have to be infallible. And they're struggling. And that article yesterday was talking about Google's division and they was a Waymo. And same thing seems to be happening with Tesla though, because those robotaxis, they ain't coming anytime soon. If they were, you'd hear Elon talking about it endlessly. All right, and Tesla, they're up 1.7% today, having to do probably with a little bit of that as well, but all the market's catching a little bit of a bid. You got the S&Ps up almost 10 right now, NASDAQ up 48 points. Let's check around to some of the fang stocks as we open. You got Amazon trading up about $10 to $31.97. Man, Microsoft has penned quite a rocket ship. How about it? We get 300 this morning for the first time on Microsoft. They're gonna be going up on the price of their products. I was listening to the replay of my dad's show during the eight o'clock hour and he was talking about maybe a 20% pop in some of their items. We use Microsoft 365, small company. I believe it's only $99. They might have opted. And yes, $100 is nothing to shake your head at. It's still $100, but when you think about the value that that can provide for email, and that comes with use of whether it's email, and then it comes with that's outlook, but you're getting the whole suite Microsoft 365. And it might be more than 99 right now. Maybe somebody out there on the YouTube Tiger stand, maybe in the Tiger's den nose, because you're talking about whether it's outlook, you're talking about Excel, you're talking about PowerPoint, talking about Microsoft Word, you get the whole suite of it. And yeah, they love it because it's software as a service. You're paying that recurring payment companies. That's what they're all about the cloud these days. But man, Microsoft talk about an acceleration. You put this thing on a three year weekly. Look at that acceleration folks. You start off 2019 at $100, we're at 300 bucks. You start off 2020 at $157. We've doubled the price in the beginning of last year. We've tripled the price from the beginning of 2019. And we've risen about $75 now from 225. You're up more than 30% this year alone on Microsoft. Apple's been quite the juggernaut as well. There's your three year chart from Apple. We go from 35 bucks split adjusted of course to 150. Start off last year at about 75. So you doubled basically from the beginning of last year. Not quite the same performance this year though as Apple really crushed it last year to higher prices. But man, you look where we were just back in May. You had Apple trading at 123. You're up at 147. Now both of these companies, the number of shares they have outstanding is staggering. Apple is pushing 16.5 billion shares. I believe Microsoft's got about seven, like half of that or so. Come on, think or swim. Come on, there we go. Microsoft, slide down. And folks, think or swim, they are a sponsor, outstanding platform. If you trade options at all, yeah. So Microsoft's got 7.5 billion shares and you have traded up $75 this year alone. 7.5 billion shares, every 10 bucks is 75 billion to the market cap. Stay tuned folks. We'll come back in three minutes and continue the conversation. 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. 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If you're familiar with only fans, if you're not familiar, it's basically a website subscription based website that people can run themselves that allows them to post content for their quote unquote fans at a premium price usually. It has basically shifted to an area of sexually explicit content. You've got a bunch of, whether it's Instagram, influencers out there, you have people with millions of followers out there trying to monetize that following. Now what's going on is, and they have some huge numbers in terms of the profits that this company is making. They are going to ban sexually sexual content. It's how they put it here. After pressure from banks. Now there's a lot going on here and I'm just gonna break it down because number one, they're a private company. They need banks to process payments, of course, but Pornhub, which is the biggest porn site on the internet, had their own problems with banks processing their payments and they had to cramp down on unverified accounts because there was all these problems that they might have been pushing porn out that was whether it was underage, all this stuff. Point being that Pornhub operates and is able to process payments because porn is not illegal, okay? Hope that's known. So they process payments. Somehow only fans should be able to allow sexual content and still facilitate processing of payments, okay? Now they are doing some insane business here. Getting into the numbers here. They have 130 million users, 2 million content creators, net revenue of 375 million last year, okay? They expect to hit 1.2 billion in revenue this year and 2.5 billion in 2022. 300 creators on there earn more than a million dollars by themselves, 16,000 creators made at least 50 grand on that platform by themselves. And you don't have to have sexual content. That is basically what it's used for, but not all accounts do that. Now here's where it gets interesting, okay? They talk about that the move is necessary as they've faced some resistance. It comes after payment processors, Mastercard and Visa last year, cut ties with rival site Pornhub after accusations, the porn site showed videos containing underage, sex, rape, revenge porn, lots of horrible stuff. Can't have that happening, but they've seemed to gotten that in line. Pornhub did. They denied the claims about it, tighten its rules and prohibits uploads of unverified users. So they trimmed their business to basically allow that to happen. The point being here is only fans is saying this has to happen because they want to ensure the long-term sustainability of their platform and continue to host an inclusive community, okay? My guess here is folks is that they're having trouble raising money from venture capitalists, okay? They want to go public. They want the multiples associated with a public company and they can't do it because the numbers there aren't gonna add up when many, I'm trying to get it, so yeah, the firm seeking a round of funding that would value it at more than $1 billion. It's majority owned by, never heard of this gentleman, a Ukrainian-American porn entrepreneur. There's a lot of smoke and mirrors out there. It's interesting how it happens, but their blame and payment processors on here went in reality. They can't raise money because venture capitalists don't want to be in that business. So they're trying to trim it. Interesting nonetheless, it's a juggernaut business. When you think about it, only fans, they're gonna do $1.2 billion this year as a private company, potentially $2.5 billion by 2022, but guess what? We know how it works. You push that out to the public, you get a multiple on there and the growth they're dealing with. When you go from $375 million to $1.2 billion to $2.5 billion in the period of two years, the multiples of a public company, there might be pretty dramatic. We'll see how that shakes out, but they're kind of blaming those credit card companies when in reality, I just think they want to go public and they want to get that VC money in a big way and they can't get it right now with the business they're running, but guess what, folks, you don't need it when you're doing $375 million a year to $1.2 billion to $2.5 billion. Interesting nonetheless. All right, we go from that to crypto. Coinbase, they're buying $500 million in crypto and investing future profits into a crypto portfolio. Should not be surprising that the largest regulated crypto exchange, are they regulated? I'm not even sure. Largest crypto exchange, I'll just say, is keeping all their profits in crypto. I mean, they live and die by crypto, folks. They're never gonna be saying, I'm not gonna hold crypto, I'm gonna hold cash. Their whole argument is that crypto is the future. You take a look at Coinbase, and this thing's been struggling right out of the gate. We've been basing around between $2.25 and $2.50. $2.50, I believe, was the reference price. Just so you remember, folks, that reference price means absolutely nothing. It's an arbitrary price that the creators of that, the owners of that company got to pick when it went public. They picked a low price, hoping that you would never go below that level because obviously we'd be out there talking about it and saying, hey, you're below the reference price that they went public, quote, unquote, at. But nonetheless, you're higher a little bit today. You had Bitcoin catching a bid, we're up $1,000 on Bitcoin. You have Coinbase up about 3%, not surprising. They're gonna keep all their money they have in crypto. That company is gonna live and die by crypto. Volkswagen, so the story was out yesterday that you had Toyota, talking about 40%, I think it was. They might have to cut at one of their plants. Volkswagen cuts output at biggest plant as chip shortage bites as the headline. Audi division will extend summer break due to dearth of supply. Yeah, going on summer break because they don't have any items that can make cars. The Wolfsburg plant, the world's biggest, employing some 60,000 people will restart with only one shift next week, Monday through Friday. Audi, the group's biggest profit contributor, that's Volkswagen's biggest profit contributor, will extend their summer break by one week and it's two factories in Germany as semiconductor supply remains volatile and tense, comic is recent warnings as they talk about Toyota, there we go. Suspend output at 14 plants across Japan for various lengths of time through next month. 14 plants are basically just shutting it down for a month and there it is, slashing production plant by 40% for Toyota, we jump over Toyota shares. There was your fall off yesterday to 170, you're down to 164 again for that company as they continue to struggle. But you know what's not struggling folks? The S&P, we're catching up in, we're up 20 points now, remarkable action. We're now above the highs that we had on yesterday. Next stop is probably gonna be 44.40, we're trading at 44.20 right now, we take a look at the volatility index and we might get a 19 handle by the time the show is done. All right, let's jump around to some of the equities I love taking a look at and man, they've been in trouble recently, that's for sure. Disney shares, now Disney, if you're an owner of Disney, all right, we have Disney in my newsletter, you've pulled back, you've been lagging dramatically. I mean this year alone, you're basically flat to slightly in the red as the markets have risen. You got Disney trading at 173 and you've just been skipping around at this 170 price point is a point of support. That's correlating to the 382, all the way from about 117, you run to 203, you make a high in March. The world looks like it's gonna open back up, not so much the case, Disney dealing with some problems. They got mass mandates again going on, floor of the cases we got going on in a big way, putting a hamper on that, movie theater chains. I went to a movie, it was maybe in May or June, it was before cases accelerated in Florida. I ain't going on movie right now, folks, not happening, all right? And I went to a movie in a movie theater, I'm vaccinated, my family's vaccinated, went to a movie theater, felt great. I loved it, the world's back, not so quick unfortunately, as hospitals just plowing higher at a time when we've went over it, folks, it's unfortunate, but that's putting a hamper on Disney but look for 170 on Disney to hold some strength there. You've pulled back even in the last like five, six days, we're up at 186 as things become a little bit more apparent that the parks and the movie theater business gonna take a little while to open up. Oh man, they had some strong numbers on that acceleration on their earnings and the market just shaking it off as they beat. But Disney folks, Disney plus, that is the future of that company. We'll all jump over to Disney. Wait till the world opens back up, that socks gonna be a lot higher. Stay tuned, folks, right back to the show. 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. 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Primal Edge is powered by highly concentrated humic and fulvic acids. Nature's preferred delivery system. They've been called miracle molecules because like sunlight, air and water, without them life cannot exist. That's right, Ellen. They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal Edge, just $89 exclusively at 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. Welcome back, folks. We get the SMPs trading out 19 points at 44.20. Let's jump around to some commodities. We got crude catching a bit back above $63. Been a little bit of a tough week for crude. We take a look at crude on the daily. You're pulling back to about that 382. That would be a $60 price tag on crude, kind of where we chopped around at about April. Almost pulled back to that level and you back it up to the lows of May. You're talking about $61.56. Been quite a slide for crude. This could just be a little bit of a pullback and a consolidation before it moves higher, but I'd keep your eye on that $60 price point. Also, that round number of $60, kind of a mental barrier, especially when we chopped around in that area in March. You head below that, maybe $50. This is the next stop at a 618 of that retracement level on the price of crude and that's going all the way back to the run it had from November. We jumped to gold. Gold hanging top at 1783. Now gold, interesting. Couple weeks ago, Sunday night, you have that dive lower to a price of $16.7790, correlating right to the lows that we had back in March. Okay, now you take a look at the longer term chart on gold though and that's quite a trend channel, all right? Doesn't really match up in terms of where we are. Where's that line? Where's this line? But it doesn't take a statistician technician to see that the trend is to negative prices, folks. We have caught some bids. Man, there's a lot of big red bars on that chart encouraging, encouraging weekly bar. Yes, last week and gold trying to finish in the green. Pretty tame action after that acceleration lower might need to breathe a little bit after a charged hire on last week's weekly bar to finish with that hammer pattern on gold. But you'd want to see a break above that channel line. You're talking about 1875 right now would be the upper boundary in that gold price. S&Ps up about 20 points as we come into the end of the program right now and we'll finish it up with notes and bonds. Why not, folks? We got the 10 year, we're trading a little bit lower with down about three ticks right now and that's gonna correlate to a yield. As I pull it up, you're talking about a yield of 1.253%. Slight rise 1.253. Over in Europe right now, you get the DAX basically flat footsie up about 1.10%. Cackerel up about 2.10%. So pretty tame action over in Europe. It is option expiration. You know that anything can happen and look at that NASDAQ man, the strength in the NASDAQ up 8.10%. Amazon shares barely positive but look at Microsoft up 2.2% folks and how about Apple? Let's see it, Apple's gotta be up big too. Apple up 7.10% Microsoft, man. Watch out for that stuff. Thanks so much for tuning in, folks. 8.2, we're gonna man pass the chat and coming up live next with the Trader's Inch. I'll shoot the Tiger Technicians hour live program.