 The following is a presentation of TFNN, the morning market kickoff with your host Tommy O'Brien. Tuesday morning everybody I'm Tommy O'Brien, coming to you live from TFNN, hope everyone had a great Labor Day weekend out there, starting the week off, four day week of course, starting things off on Tuesday morning and we got markets barely in the red this morning. We have an S&P, we'll call it flat negative by less than one point, zooming in on the action on Friday, quite a little sell off early in the session. You accelerate higher into the close, little bit of volatility on that Friday action over the Labor Day weekend. You actually trade higher in terms of over Labor Day itself. Monday you trade to a high of 45-48 right around that area, we're about 15 points off that level. You see the market catch is a bit at about 5.30 in the morning. You trade up about eight points coming into the open though, all the markets right near flat. We got the S&Ps negative by one. You have the NASDAQ 100 negative by one right now. You got the Dow negative by 13 and you got the Russell within about half a point or where it closed on Friday. We'll call that flat as well. Bitcoin with some volatility. How about that up to 53,125 right now you're back to 51,095. You give back $2,000 El Salvador. They're going to be recognizing Bitcoin as a currency stores there. Business is going to be required to accept Bitcoin as a form of currency. Some analysts coming out saying that's really not going to be put in the bid that you might expect into the cryptocurrency Bitcoin, but nonetheless catching a bit. We put Bitcoin back on a daily. You see the acceleration we're bumping up to the 618 of the full move we had from the 65,520 high back in April. You trade down to under 30,000. We've now clawed back 61.8%. Keep your eye on that. We're literally bumping right up against that level this morning. 51,711 on my chart. And we're trading at 51,075. Crude backing off some of the acceleration it had accelerated into Thursday and Friday last week above $70 this morning. We're back to 67,91 in crude. You got gold off $20. We have some dollar strength this morning. You got gold down $20 at 18,12. Gold has had quite a pop. Now interesting, talked about it on my show on Friday. Critical area for gold might be bumping up against a little bit of resistance here. That resistance correlating to where you were July 15, also towards the end of July, also correlating to a 618. We just talked about a 618 right in Bitcoin. Correlating to the 618 of the full move gold had going from 1920 down to 1676, or that or thereabouts. Bouncing up to that level about 1827, the high on Friday to get it in full context. You're talking about 1836,90. The high we have technically today, going back to the open saffron. Yes, it was last night. You're talking about a high of 1833, $20 off that level so far on gold. Silver's down 30 cents. Silver, giving back some of the gains as well it had. Look at that bar on silver. Let's zoom in. That bar on silver, you had almost a full dollar. I think it was a full dollar, $23.91. Yes, to $24.94 on Friday's action this morning, giving back some of those gains to $24.49 and notes and bonds. The 10-year, we're getting a little bit of lower price and higher yield this morning. You got the yield on the 10-year this morning. We're talking about 1.37%. We're down about 13 ticks. Interesting, you get this type of action. We have no market move whatsoever, right? S&P is flat, NASDAQ flat, Dow flat, and we'll call the Russell flat. When you're within about five points on the Dow, one point on the Russell, one point in the NASDAQ 100. But we see higher yield this morning up about four ticks right now. Four basis points. You're talking about decent move. You get the 10-year down 13 ticks. As we come into a couple of weeks from now, we're going to get another Fed meeting. Late September, that'll be on the table. We just got, of course, the jobs number on Friday for the month of August. A tough number. For the first time, I really think that a pullback could be possible. And it sounds like blast for me. I know it does. But you're talking about a market that is just relentlessly higher. And what I was trying to wrap my brain around this weekend is that there's been so many revisions of what was expected when the economy charged higher and when the market specifically got ahead of the economic resurgence. And it seems like every time we miss on a jobs number that the market pretty much just represents the best case scenario as you progress a couple months into the future. And now, of course, the rationalization of the 200 plus thousand jobs added for the month of August was that the Delta variant was a four to six delay, four to six weeks delay of the economic resurgence that we're all expecting, hoping, pricing into the market. Yes, that's possible, but that's one case of many. And I feel like every time we get a type of miss like that, that there's no recalibration in the market to at least the recognition that the possible scenarios that could play out are now at least representing that there could be a much greater chance of a much slower recuperation of the economy and the jobs that we're hoping to add, particularly relevant this morning with the extra unemployment benefits expiring yesterday. You now have seven and a half million people, I think, just immediately losing that source of revenue. That was pushing a lot of spending. The whole point of that money was to keep people alive as they got back into the jobs that they would come back. We now expire those benefits at a time when we're only getting gaining two hundred and thirty five thousand jobs. And this is a big fundamental, you know, head game of where we end up. It's a lot of personal bias that I'm spewing this point of the show to give you some analysis in my own opinions. But it's something you at least want to keep your eye on, because at least the pressure coming up on some of the jobs numbers in the next two or three months, I said, there's there's only so long that you can argue these cases before you get to the point that you say, listen, we were wrong. It's not happening. The economy has not come back as quick as we thought. The benefits have now expired. And we might not see the type of growth that we were pricing into these market prices. Now, I say all that. We get to the article that starts off the program this morning with Goldman, cutting U.S. growth forecast as consumers sees harder path. It's a pretty slight cut here. We're talking about economic expansion in twenty twenty one cut to five point seven percent from six percent. What they do, though, is that they up the twenty twenty two forecast as they they see follow through into more of a pickup in twenty twenty two. So even they are arguing, listen, we have a delay here in twenty twenty one, not as quick as we thought we're trimming it from six percent to five point seven. We're pushing the twenty twenty two forecast up to four point six from four point five, explaining the downgrade in twenty twenty one. Excuse me. And this is their economist. Walker wrote that American consumers are likely to spend less on the delta variance emergence, fading fiscal support and a switch from demand for goods to services. He added that supply chain disruptions had hit inventory restocking as well. So pretty marginal in terms of the cut. But even Goldman's out there cutting for a real, you know, Wall Street analyst, economist estimation. The bank also lifted its projection for the unemployment rate to four point two percent from four point one percent. So a pretty slight number, almost as slight as you could make it. But I don't see how you see that type of economic expansion with two hundred thousand jobs added. The point being is that, man, there's a lot to live up to in the next month or two. Maybe three. You can make the case. But if you don't live up to it to then, what happens by the end of the year, if we're not seeing some positive numbers out of September, October, November jobs, they're going to be here before we know it, folks. And people might not be waiting till the end of the year to find out how those numbers go, especially coming into a year where you're talking about we're up almost twenty percent in the S and P start off the year around thirty seven, thirty eight hundred. We're trading at forty five hundred right now in the S and P and tax, tax hikes, definitely possible in the years to come. But all my point to a little bit of selling in the future, we'll find out. Stay tuned, folks. We'll be right back. 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NASDAQ 100 down about eight points. All the markets right near record territory. I think I heard today we're talking about fifty-six, fifty something record highs in the S&P and not surprising. If you take a look at the chart, you put it on a daily basis. This thing starts at record territory to begin the year and we have not had that many pullbacks folks in this market. That is a weekly. You put this thing on a daily and you back it up to there's the beginning of 2021. You're talking about records everywhere in this and barely a pullback. It's pretty well defined channel line. We're talking about it many times. You put this thing even on a three-year weekly back to the lows. You had a little bit of some outliers maybe to the low in the bottom. This channel line originally began on my charts. You're talking about from the November acceleration. They correlate pretty well whether it's the highs that we had around that area whether it's the lows from November 2nd when things really accelerated in the market. We come down to that area around March and as you can see whether it was June, July or August we get bounces on that level correlating right to the acceleration from November and where we are in this channel line. You could be off of the higher area or maybe we got a little bit of a smaller channel line dating back to about May in the S&P's but no matter how you shake it in the NASDAQ we're bumping up near the highs. You back it up to there's your November acceleration. This one correlates pretty well in the lows in terms of November to the low in March to the low in May. I've talked about it many times in NASDAQ bumping up towards the higher boundary of that line correlating to a trend line from February 12th as well across that level. Excuse me. All right jumping around to what else we got going on across the market. So Bitcoin ETF is likely coming soon. Is it better to just buy Bitcoin? You know it's interesting all the articles coming out with Bitcoin in terms of and that's really the point of this right. We're going to have ETFs. It would be interesting if the first time you get an ETF that maybe that's another high. I mean it's not a coincidence. I've talked about it many times. You back things up to where Bitcoin makes it's all time high. The daycoin base goes public not a shock at all. And then you back down to 30,000. We've got almost a second acceleration at a time when basically that's an impending that the market's thinking about it but we're bumping right up against that 618 on the retracement of Bitcoin at 51,060. All right folks let's jump over to our man Kevin Hanks every trading day 11 a.m. Eastern time on Tiger TV the TD Ameritrade Network fast market Kevin Hanks Alex Coffey and the team breaking down the action of the day walking you through hypothetical trades talking about defined risk and options. Kevin Hanks. Good morning. Good morning Tommy O'Brien. Yep you know welcome to the start of the fall trading season and you know we're off to a pretty hesitant start. Let's put it that way. I mean you know we've got all four markets either unchanged or down less than a tenth of a percent so I would say this is a very cost pretty cautious start to the trading week though although you do have yields drifting a little higher here but often considered a pretty hesitant start to the week. Kevin you got right to it man I was going to say kind of interesting that we do have a little bit of a move in terms of we got yields we got the 10 year down about 12 ticks so you got a 10 year yield up to about 1.37 the market really not no huge movement in terms of where we are like you're talking about a tame movement to start things off. A little bit of a trim of the forecast out there from Goldman on GDP Kevin I'm going to get here ask you like fundamentally we've talked about it before but we just got the jobs number on Friday of course we didn't get to talk to you we talked to you last on Thursday. A little bit of a miss on the jobs number we got Goldman out there trimming things a little bit. What do you see as these months come we got a Fed meeting of course coming up in a couple weeks. I think there's a lot of expectations you know they're going to be built out and what are you looking for as we kind of you know get into like you say the summer's passed us man it's still hot in Florida Kevin but for many the summer's passed us we're getting into fall trading people maybe back at their desks or desks at home. What are you looking at on the next couple months fundamentally that maybe you're just keeping on your radar of what the market is kind of anticipating looking for. Yeah well you know the person that jumps out at me with Friday's number is the wages part you know the wages part of the unemployment data was hot at point six that was higher than expected the 235,000 jobs I'm not sure what the miss was I think I don't know was the missed the jobs or was the missed the expectations for the jobs because now that the benefits have worn off as of September 6th you should start to see those seven and a half million people start to meet those jobs so I think the expectations for this job data was the missed not necessarily the number because that collision between those people and those jobs and we'll get a jolt's number tomorrow morning that's expected to be right around 10 million jobs that's the next big hurdle for this economy is to get those people aligned with those jobs and when that does settle I think drone power have a much better idea of the employment part of his mandate and so I think that's still uncertain and it may take more than 30 days to get through but you know I think that's what we're really uh looking at right now Tommy is getting all these open positions filled what I think is so fascinating man and and I think you're right that you know those estimates man put talking about an August jobs number with benefits still there obviously they weren't factoring in or whether it was even the variant whatever it was but what I find so fascinating Kevin is that the market just takes it in stride right so even if it was a miss the market just kind of just moves right past it and says well that was a miss but that just means that it's all going to become and do like the next month and I just think the expectation my own take is like man these these numbers coming up whether we get you're talking about the feds always interesting when we get the fed meeting because of what's happening with the volatility when we start getting the September October November jobs number there's only so often so long I think that they can say that stuff in the market just doesn't even budge Kevin it doesn't even move lower when the analysts like you said at least we're wrong you know at least in the best case scenario they've just pushed things back but I think the market is just turning to this best case scenario situation and there's only so long maybe it can do that we get some earnings this week coming up Kevin still we get some names out there what are you guys going to be talking about on the program today yeah we're going to be looking at earnings like Bolio is going to do a presentation at PayPal and the payment space today as we get late in earnings Tommy as you know the names get a little thin so we kind of make our keep ourselves busy looking at other big important names so the focus of today's show will be the payment space so PayPal today and I love what you guys do man I love the trades of course that are based around earnings I make those trades myself whether you're just looking out to a Friday expiration of the week earnings but I love the trades you guys do Kevin where you push it out you know six weeks or something like that leading into an earnings event maybe you're leading into the end of the year that we got some volatility coming out in the payment space talk about a cool space El Salvador they're just bypassing all the dollars man going straight to crypto this morning yeah see how that shakes out I'm not sure how important an insolvent country is adopting crypto I'm not sure how big of a move that is for crypto I mean obviously it jumped overnight and it's come back down because I'm not sure that's the game changer everyone thinks it is Tommy I would I would agree that's our own two takes folks but I would agree one one analyst I was reading out there today said they got a bankrupt economy unfortunately and that's kind of the truck they're turned into Kevin man we appreciate the conversation as always we'll be watching today we look forward to the conversation about the payment payment companies out there thanks for having me out Tommy have a great day you too Kevin take care tune in folks every day 11 a.m. eastern time on tiger tv fast market kevin hanks alex coffee and the team doing an outstanding show we'll be back for the open folks right now we get the s&p's down three nasdaq down five dow down 39 we'll be kicking off all trading when we come back in about three minutes summer trading no more we'll see folks stay tuned i'll be coming back in three minutes for the open trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com the tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the den and surround yourself with the sharpest minds in the trading world subscribers to the tiger's den are also the first to have their 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agree uh el salvador unlikely to spur more bitcoin adoption so mark mobius out there uh he's out there talking about basically saying uh unlikely to spur in terms of demand now the way he puts it and i let me just get down and find the exact quote and talking about yeah mobius said el salvador is grasping its draws with bitcoin uh the central american nation unfortunately a bankrupt country with real problems um there are other available options to process and they only bought 400 bitcoins folks talking about 21 million dollars that is literally nothing nothing nothing at all um be careful out here you got an etf that's going to be coming to market you got an etf yeah you may have some more buying but folks when you talk about the retail exposure to bitcoin i mean robin hood has brought it to the masses already i'm not sure an etf is going to bring it to the masses the one thing it might do is actually you know buy the rumor sell the news type event on that market bitcoin just for some context as well we're trading at 51 thousand you're back to the 618 of the full move we had up maybe you had a lot more pumping in bitcoin because it's the headline crypto out there ethereum almost made it back up to the all-time high as a 4406 you make it uh above 4 000 actually on friday it reached a high of 4056 you see a much bigger clawback of the losses you had in ethereum versus bitcoin ethereum a stronger cryptocurrency in the recent run it had than bitcoin it's really tough to be to pick winners and losers right is ethereum or bitcoin the better crypto play right now go i'm not sure and if anybody tells you they have a plan that's their personal bias but if you want money into the crypto sector right what you can always do is maybe you put a thousand dollars into you know crypto maybe you put five thousand maybe you put a hundred dollars whatever you're comfortable with uh point being maybe that's your crypto fund and then what you can do is you can trade strength versus weakness within the two currencies right so you know that is a point where ethereum looks a lot stronger than bitcoin right now on this recent run we'll see how it reacts you know you have ethereum down almost four percent right now you have bitcoin positive one point eight percent technically so varying a bit but that's something to keep your eye on too and keep your mind around that's one way and i don't folks i don't own any bitcoin i don't own an ethereum um but if i had money in the crypto sector i would be thinking about putting a portion that i wanted to use a very small portion because most of these as long as you're comfortable with them potentially going to zero and then i would interchange those for different cryptos depending on the strength of the weakness of those cryptos and maybe by doing that you're able to grow that more exponentially or exponentially versus what you're talking about if you're just trying to pick winners and losers between the crypto sector when you're going to get some variations um completely all right jumping around what else we got going on uh let's see where do we start off so an interesting on out here i just want to comment on this and you know it's a little bit of a comment but so i'm looking through i'm looking at what we have coming up right we have lululemon earnings are coming up we got game stop earnings coming up we got i was a oracle earnings coming up this week we'll get into that in a moment so i'm always pulling up articles getting ready for the program and what i found interesting was i was over here a fox business news article just came up trying to find news events economic numbers this week earnings out this week you know things to put on kind of your your mind frame or what to look for what's possible i'm always looking for earnings events maybe for trades in my newsletter uh and what i found such a shame is that on fox business and i'm not a fan of fox but this they all do this what i'm about to tell you about all right bloomberg does it cnn does it cnbc does it is that they hawk the worst possible financial products that you could ever think of and in this case it's even better that fox owns the one that they're hawking so this is a product let me get this back here um that i linked to now i saw i'm i'm just on a regular article here talking about the week ahead and there was a link on here saying that variable i'm going to scroll down so you can see where this is okay it's on the your money section it says uh here's why variable rate student loan refinancing may be a smart move and just by scanning this page i said what what is that article who who in the variable who in the student loan refinancing business uh no in market consumer market people looking to refinance their student loans with rates where we are the right now why you would consider a variable rate yes there is a slight benefit we're on the market right we know that if you if you don't lock in the rate that you have right now and you let vary yes they're going to give you a little bit of a better rate right now the risk on the other side of that when we're in a uh kevin just talked about it there was wage inflation in the jobs number friday and there weren't the jobs that we thought we were going to get okay so i have to click on this i said myself i have to click and see what this is right so i click on the variable rate student loan and it brings me over to an article published today here's why variable rate student loan refinancing may be a smart move oh hey by the way uh this is sponsored by credible which is majority owned by our parent fox so fox is out there at fox business and they all do this folks okay that's the point this is not a knock on fox it's just how i happen to google them find them to which is majority owned by our parent fox corporation and solely responsible for its services and what it walks you through is that it just creates the best case scenario of if a borrower refinances forty thousand dollars worth of student loans you can save more than forty six hundred dollars on a ten year interest rate and that is because rates on the five-year variable rate student loan fell to two point five nine percent in contrast rates on a ten-year fixed with three point four six so if you lock in a five-year variable rate you don't lock it in i guess if you just uh secure a five-year variable rate you can lock in two point six no you can't lock it in i keep saying lock in right this is the whole point it's crazy um it's just such a a disservice to to combine this you know it's a little bit of a rant folks people do it all the time i hear ads on bloomberg of rudy juliani hawking some some scam gold coin company and i'm saying to myself why does michael bloomberg that's worth fifty five billion dollars need to sell time on on their bloomberg radio station for rudy juliani to hawk gold coins for some company and and siphon money out of people that don't know any better i wish that these companies with all this money would do a little bit of a better job of taking money from people that they really you know we're doing a service for people because this is not a service saying that if you refinance forty thousand dollars you can save maybe forty six hundred dollars meanwhile do you know the type of losses you open yourself up to if rates rise in a possible inflationary environment anyway keep your eye on that because you know we all have the ability to vote with our dollars and that stuff really frustrates me when companies that just have no need for these types of things and they're all over the internet all right and that's why i bring up what is bloomberg fox cnn but to be hawking out there saying you know students potentially should be refinancing because you can save forty six hundred dollars unfortunately there are a lot of students with a lot of student debt that have no financial awareness that come out of student of a um a degree that don't have the type of income they might be looking to refinance and they might be trying to save every single nickel and dime they could and they might have no awareness that if interest rates are rapidly rise how much they may actually end up costing themselves over 10 years on that 40 000 versus the potential few grand they might have saved um so be willing to vote with your dollars folks we'll talk about a little bit there was an article out there um an op-ed by soros talking about china i'm going to get into that as well because uh china i'm not going to be vote with my dollars for china anytime soon stay tuned we'll be right back 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 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and other information about direction shares to obtain a funds prospectus and summary prospectus call 866-4767523 or visit direction investments.com a funds prospectus and 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 foresight 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 welcome back folks 12 minutes into the trading day and we have the smp off about 12 points you see the acceleration we got coming into the opening bell and then 930 we strike at about 4532 you down about 10 smp points there nasdaq with some volatility look at that action we got the nasdaq you're talking about highs near 15670 we're trading at 15657 nasdaq in positive territory got the rustle positive by five points as well interesting you get that type of an acceleration of the rustle and we got the dow getting punished big time right now dow down a half a percent 192 points i know bowing's down big yeah look at bowing down 1.7 percent eventually bowing will be a buy at some point folks but as i was talking about you know invest with your dollars invest in what you care about and you believe in that's part of it i mean it's very difficult to not invest any of your dollars in china um but when you look at just the scape of the scope of what's happening in terms of she and what's going on over there and the lockdown in terms of the company i don't use tiktok folks because it's pretty cool uh i've been on it but when they first change their terms of service i mean they're able to get your fingerprint i think you're your face recognition there's so many things that they get in there um just be careful on that one and be willing to vote with your dollars when you can i mean i have an iphone they produce their phones in china right i'm not oblivious to that fact um i'm only willing to sacrifice so much in my personal life i'm not going to just cut the cord and not you know and go live without electronics of any degree um but it's something to think about because the world is changing and when you look at what you believe in what you vote for um there's a lot that you can vote for in your dollars and talking about you know those those articles out there whether it's fox or bloomberg you know and you know whether it's bloomberg allowing ads with rudy juliani hawking gold or fox pumping their own credible site to have student loan um student loans refinanced with a variable rate it's just such a disservice to everybody i could never run a business and lay my head down at night when i'm a company as big as fox taking ads to pump financial products that talk about financing student debt on a variable basis it's just ridiculous uh bowing down about 1.6 today you look at where we are on bowing you back it up to a three-year weekly could be we're creeping actually below that trend line now maybe we're going to break that trend line you put back on a five-year daily to see the full collapse we got down to 89 dollars you bounce off that area in october you bounce again off that trend line exactly in july and we've been skipping around that area now actually below that area though basically for the first time today breaking that channel line an ode to our man bud waltz we trade low we come back we test that channel line you watch out you could trade even low from there all right jumping around the line let's see what else we got going on we got some companies out with some stories today we got jd they're gaining a little bit today they got a new president that's a chinese company i would not be investing in that bowing yeah so this is the deal with them ryan air is not going to purchase 10 737 max 10 billion tens of billions of dollars it would have been they cited disputes over prices not what you want to see for a company like bowing that could use a win out there so they're paying the price today down 1.6 percent on their shares Spotify gets an upgrade to overweight from equal weight at keen bank let's see how they're trading on the open spot never quite gotten into Spotify i've been fortunate to have serious Spotify up 5.1 percent still well off the highs early this year of 387 this is quite a volatile company down to 200 almost 20168 as recently as august 19th you're up almost 30 percent just in the last few weeks for Spotify all the markets creeping towards the rare we got the nasdaq 100 down 10 points now let's see what else we got johnson johnson merc am jam downgraded several of the big large cap pharmaceutical companies saying upside is limited for those names and yeah match group on they're joining the s and p 500 online dating mtch mtch there's your pop up 6.7 percent give it back some of the gains climbing towards the all time high 174 68 but yeah quite a quite an achievement for them as they and they have so many brands match group i mean they're associated with match let's see if they list them in here um yeah okay cupid plenty of fish our time tinder and they they almost have a monopoly not quite though you got bumble out there right is bumble bmbl i believe down 1.3 percent for bumble today taking a look at bumble breaking out of the downtrend since they go public 84 80 i had to see kind of coming right in that area let's extend that one to the right there we didn't come quite back and test it but maybe that was your test there on august 25th and august 26th we're going to activate that trend line and i mean you could it's always an art not a science folks maybe it matches up there but uh bumble trading down 1.4 percent today but we're up to 60 dollars this would be a critical area as you see up to kind of the high we had on June 25th there and look at these markets folks i would listen if you have a ton of gains out there in a portfolio all right i love doing the news i'm giving you a little bit more analysis today breaking down because even in my own newsletter folks give it a try i encourage your rocket equities and options we have equity trades we have option trades as the name uh describes for the first time i'm really wrapping around that there's the potential folks i mean you know everybody's got their opinions of of why we've missed the jobs numbers right but we had a missed jobs number 235 thousand i mean these analysts ain't fools okay in terms that they were looking for 700 thousand jobs right or something like that they're not fools they were just wrong but the the thing is is that the market was pricing it off of some of the expectation that these analysts had then the analysts are proven wrong then the market does not reprice it it just changes the rationale for higher prices to further in the future that's the most fascinating part of this is that it's not that there's a miss it's there's a miss and that there's a complete recalibration of the reasoning that allows stock prices to go unchanged when there's obviously an analyst missed but the market is pricing the price of equities off of some of those analyst estimations so if they're wrong the market should lead you to that it's just that's you could you could go round and round on that folks where you wind up um you know you figure that one out you'll make a lot of money in this market we got yields rising a little bit as i said we get the tenure um you're not going to get rising yields in a higher market right now we get some rising yields you watch out which is why it was a little interesting that we had the tenure down 12 or 13 ticks this morning and we had markets unchanged not often that you would see a rising yield to the tune of up about four basis points so we were sitting at about 1.34 1.33 we're sitting at 1.37 right now and the market had just shaken it off the market might not shake that off for too long i mean it's going to be dicey folks if you got a lot of gains and you're carrying them into not necessarily the fed meeting in september because i think chairman powell's got enough ammunition from this jobs miss to extend things and not have to rush any type of tapering but really it's the jobs numbers because there's going to be a lot of expectations come september and really come october november september if there's a miss you can write the script yourself things just got started right labor day was september 6th everybody had benefits until september it takes a month or two to get a job you got to wait for those numbers to come in okay so if we miss in september you know what they're going to say the market looks like it'll listen then we go to october though man those excuses and those reasons all right not necessarily excuses but there are reasons to excuse the misses so they're kind of excuses and those excuses are running out folks i believe in this market we're going to be fine all right please get out there get vaccinated it's safe it's effective that's what's going to get us over this hump folks you want a strong economy we got to open it back up that's the quickest and best way to do it um but we might have some hiccups folks in the way because we haven't had many hiccups when this market's been up about 20% on a straight line shot to the upside going back all the way to november last year stay tuned folks we'll be right back to finish up 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 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 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program for you the tiger first mortgage program pays seven percent per year paid monthly for more information you can call eight seven seven five one eight nine one nine zero that's eight seven seven five one eight nine one nine zero 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 dot com welcome back folks we have all the major indices in the red right now the rustle in the positive but now you're talking about negative 190 nasdaq 100 negative 32 you get the s and p's off about 15 apple and that's even with apple up six tenths percent we got a new all-time high in apple as well apple i was talking about it but i think it's 16.7 billion shares outstanding so just today alone you're talking about the company's added almost 16 billion dollars in market capitalization even with that going on you have the nasdaq 100 in negative territory with the dow off about 200 i talked about we got earnings going on this week uh wednesday we get game stop game stop shares this morning up about 1.4 percent we jump over to the volatility that we're looking at how about a 35 dollar move in either direction uh this week quite a move indeed for for a stock like game stock where any week you can move anyway let alone with some volatility from the earnings potentially 35 dollars what's that i mean that's talking about uh what jishai of a 20 percent move potentially on their earnings but we know that stock moves anyway 20 percent give or take we got lulu lemon out with their numbers as well on wednesday lulu that's some volatility for you more than a five percent move priced in for the event we're talking about a 24 dollar almost a 25 dollar move for the week this is where folks if you're trading options check out fast market uh lulu lemon when you can do 25 dollars so even directionally you can have a 12 to 13 dollar move as you can you can be selling volatility right you can be selling puts or selling calls to somebody and you can get a 12 dollar move and potentially break even that's a that's a decent move on the stock now with that said we know it's priced because that's the type of move they get but nonetheless lulu i believe they are out on wednesday yes they are wednesday tomorrow now right so we got lulu out tomorrow we got game stop out tomorrow and uh oracle i think we get out thursday which is another big one no no we're not oracle do they have it out there yeah i think they're wrong on that one yeah september ninth it could be but i think they're wrong on the oracle because i got them this is the 13th in here nonetheless game stock lulu lemon uh should be an interesting one these markets got a little negative action to kick things off the da really accelerating down 209 nasdaq down 19 thanks so much for starting your morning with me folks starting off fall trading stay tuned we got live trading all day we got a man dave white he's back today we got basil up next fast market at 11 larry at noon steve roads at one o'clock dave white at two o'clock tom o brian my dad i'm from three till four have a great tuesday everybody