 The following is a presentation of TFNN the TFNN Bull Bear Training Hour every training day live at 10 a.m. Eastern call now toll free at 877-927-6648 or internationally at 727-873-7618 the TFNN Bull Bear Training Hour now Tom and Tommy O'Brien welcome folks appreciate your growl and prowl with us out here we have that our industry is up 55 Nasik up 66 S&Ps up six and a half gold contract down $10 trading at 14 08 an ounce we had silver down four cents 15 dollars 25 cents an ounce light sweet crude up a buck 58 59 dollars 41 cents a barrel notes and bonds to get the 10 year down nine ticks 127 26 30 year off a half a point 155 14 now both of those continued higher yesterday had the volume you're pulling back with light volume that was the first time that we broke 2% a close below 2% since I like 2013 pretty trippie a king dollar king dollop 122 6 trading 95 770 Bitcoin folks 12,000 819 it's not stopping that crypto party totally euros at 113 the yen is trading at 107 and a half and that pound is trading at 126 to 1 the US dollar let's go over to our men Mr. Kevin Hinks at TD Ameritrade Bank of Swim as we do every Tuesday Wednesday and Thursday don't forget folks every trading day right here outstanding program you want to understand option option strategies futures 11 to 12 Eastern standard time if you haven't test driven yet the think of swim platform great time to do it at TFNN you hit that banner bring it up they'll trade with paper money each and every trading day Kevin Hinks let's go on good morning time good morning Tommy here we go another day you know we're starting to get into the meat of this week and getting some nice data out of you know durable goods remember it's important when you when people look at the durable goods order and you see that headline number down 1.3% if you're watching you know your shows and you're watching the TD Ameritrade Network we warned you be careful of the headline number because of you know the volatility based on Boeing so you take transportation out and it was actually a nice beat up 0.3 on durable goods so you know it's actually not a bad number some of the other data that then we got out the international trading goods was a little worse than expected that's you know that number got a little bigger to the negative which took a little of the steam out of some of the futures but you know it's micron and it's Steve Mnuchin to the rescue here today yeah I'd say they you know the chip stocks folks I mean they can take the the NDX and as that up take it down and then the NDX takes the S&P up and down that micron deal you know it was interesting man I mean they came out with numbers last night folks the numbers were great their gross margin however went down dramatically and after the close you know it was only up about a buck you know and then I'm not quite sure whether it was just that the people that the the market like the numbers all you know the story in the Wall Street Journal this morning that the chip companies have got around the Huawei selling to Huawei you know so I was like okay you know when I looked at all these chips I says okay man this is a different ball game now sure you know yeah so yeah I mean it's nice to see good news out of something like micron and you know they the options order flow expected about a $2 and 40 cent move it was right at that number for a while and now it's gone way past there as you know so yeah nice little day for them you know FedEx is another story stocks up today they disappointed as you thought they would but a lot of upbeat things coming out of FedEx you know this is a company getting themselves ready for you know I like the fact that they talked about the last mile they're focusing on that last mile which means you know the last distribution center to the home of the retail customer and they're focusing a lot on that they're moved with dollar dollar generals a nice play for them I think they're they're they're expanding themselves getting away from Amazon and so I think FedEx's news you know you know this stock is down so far from where it was I think that's pretty good news as well yeah it's gonna be you know the when you when you look at FedEx it's really intriguing I mean they changed the business you know you're going back 40 years now folks but they changed the delivery business dramatically and it's like okay just as you said Kevin are they gonna change the last mile dramatically now that's right you know what I mean because you can see when you look at their numbers that like the overnight number folks what has happened has gone down dramatically because all these others will be serviced are really good good at getting things to people in two days so it's like you know I really want to spend 40 bucks for overnight it's like I don't think so you know but we know that the same day our last mile is a monster in the business sure right and that is that has turned into the focal point of all these delivery discussions in one and two day and same day is how do we get that last mile accomplished yes it's fascinating to think about it really is and you know there's a couple stories out there a couple of the reasons that even a lot of companies are pulling out of China is that they have that last mile down so pat that they kind you know companies coming in from outside of China having a hard time competing with it because it's like they they just won't wait and that last mile man is I don't want to wait for anything with the money right totally right but certainly this trading day is going to be all about you know we're leading up to you know the the g20 the 28th and 29th I think the rhetoric is going to keep on going here I think the uh you know I thought yesterday after I got off the air with you guys I thought the comments by Jerome Powell and James Bullard were interesting interesting to me and the fact that was anyone really thinking half basis point no right yeah I was going I was going through the article and I was like wait is this the point that like this is what the market's reacting to that it's not gonna be a half a point I was like wait I feel like I'm missing something because obviously everybody knew that no I guess yeah Paul doesn't want to cut it all and now they're the market is disappointed because he's not going to cut a half that's absurd that anyone was thinking that shame on them for connecting those dots yeah you know it folks what Kevin's talking about here this is really important you know to wrap your head around because when it came out you know that was financial headlines and a lot of them sure okay and what I've seen even the last three or four weeks it seems that like this morning I'd say it blasted across Bloomberg well Facebook's down well Facebook's down 30 cents like really is that is that being down you know what I mean yeah so you definitely better look into uh you know what it is because there's no doubt half a point man you know I mean that where did that come from totally not even come from no exactly exactly yeah but I thought that was absurd to think that and the fact that the news reports were that the market was disappointed I can't get there well we I can barely get to one rate cut frankly no listen we know it's all about buying and selling I mean right you know what ends up happening folks is a million different headlines it's about guess what and it seems like you know the market is about buying and selling they seem to filter in headlines and sometimes they matter sometimes they're already priced in Facebook not reacting to the fact that you have the president out there talking about it's gotta be priced in right um yeah let's see yeah we love it yeah listen folks right here 45 minutes from now you want to understand option option strategies defined risk defined risk folks coming into the weekend you want to find 2020 politics starts tonight too with the debate oh yeah you want some volatility maybe yeah totally Kevin you have a great one a safe one of course we look forward to your program in 45 minutes thank you thank you stay right here folks Tommy and I come right back TFNN has put together the best lineup of live content for traders buy traders every market day featuring some of the most knowledgeable and respected minds in the business TFNN broadcasts five days a week live from 9 a.m. until 5 p.m. eastern time we have live programming every market day during market hours every morning Larry Pezzavento kicks off the trading day live at 9 a.m. and breaks down the opening bell with trade what you see at 10 a.m. Tom and Tommy O'Brien host the TFNN bull bear trading hour followed at 11 a.m. by the team at TD Ameritrade and thinkorswim with fast market Basil Chapman host the tiger technicians hour at noon Steve Rhodes at 1 p.m. with the traders edge Dave White at 2 p.m. with the power trading hour and Tom O'Brien anchors the daily lineup from three till five as host of the Tom O'Brien show tune in to TFNN's Tiger TV on your computer or mobile device and you can always find us streaming on YouTube tfnn.com educating investors the Taz profile scanner is the most revolutionary piece of trading software that you will ever try wouldn't you like to approach the markets with confidence as you begin your trading day it's likely that you'll be faced with lots of decisions in order to make the best decision the first thing you'll need is a strategy that will help you minimize your risks whether we're in a bull or bear market a good strategy is to have the tools needed to help you scan and analyze the markets before you trade the Taz profile scanner instantly scans and filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve Dahl president of Taz market profile the Taz profile scanner understands that in today's technological world the use of top flight software applications automated trading algorithms and technical analysis expertise is essential to successful trading in today's market whether you're looking at the trade matrix the ETF heat grid the market breadth the landscape charts or the many other features of the Taz profile scanner this is a piece of software that will revolutionize how you look at the markets and set up your trades the team at Taz has even put together a 12 part video series to walk you through every aspect of the Taz profile scanner which you can find directly on the Taz order page at TFNN.com sign up now for only 97 a month with a risk-free 30 day trial so you have nothing to lose and everything to gain see for yourself how you can harness the full power of the Taz profile scanner by visiting the front page of TFNN.com today and you'll find the Taz profile scanner under the services section remember with a 30 day money back guarantee you have nothing to lose don't let another day pass you by without trying out this amazing piece of software that will revolutionize how you look at the market and how you place trades sign up today call now toll-free at 1-877-927-6648 internationally at 727-873-7618 it's just up 26 now it's like a 51 s and p's up three let's go over to the gold contract here so uh bottom line is that uh we were looking for and you always got to be careful what you asked for i was waiting to make a little buzz did you get that pullback you were looking for maybe yeah which is this is pretty cool folks okay so what you have is this you know we were talking about the abc structures yesterday we got to uh 1442 uh which was a one to 1.50 abc up and thank god we pulled back that's the bottom line now this is going to be this is a nice pullback um you get 307,000 contracts while you're going into 513 and 6 and 543 so okay i like how this baby's pulling back yeah you gotta expect to pull back at some point it's important we just went from 1279 on may 30th exactly to 1440 all right now watch this so because what may be happening here we may be setting up another b to c of another abc structure on the way up and if we go over to the dollar and we take a look at the dollar index what you're going to see is that you get a little counter trend bounce happening and the dollar is already dying on the vine volume wise so this is going to get intriguing because i'd be looking at the dollar could you know i mean 96150 it should be able to hit that's not that you know even 96300 that's one of the lows over there just you know what's that what dates that that's that is may 13th yeah you know yeah yeah yeah i mean that's a natural spot even if you just go to the low that we're at here what is that 95890 right that's what i might have just made that's what say it was get there 850 we got 50 so if that's the case you know if that's where we kind of stop right that means it's even weaker and that gold is even heavier you know what i mean because if you backtrack to exactly where i'd said that gold run started you have the dollar at 976 call it yeah so i mean that's dropped almost two full pennies right no dollars right 97 this is 976 to 956 and then there's been that huge drop in the dollar as gold that literally correlates that that spot was the spot in the gold which is interesting so you definitely want to see them move in correlation because that you know it's been when that gold run started when gold was at that low yeah you had the dollar at all you know these highs 97 pretty well so if you know the dollar gets close back up to that level that would be a tough you're gonna see it at gold for sure oh yeah i just mean even if we go back to like 90 yeah even that's that's that's a it's all at 600 points from where we're at right now yeah which which could which would take it you know which you know so watch what you're gonna we're all gonna learn here is just how strong it is okay so a natural retracement actually you know we'll bring it probably back to the breakout area you know they like to do that i don't think we don't go in there though i just wanted to see even the retracement let's see what some of those levels off of this yeah so that was where i started again may 30th that was exactly where we're looking right going up here we'll zoom it in as well and so you're looking i mean just to 23% pretty cool like right on the dot right but even at 38% that was what 1380 right you know 0.382 um it's still $30 below where we're at and that would just be a 382 exactly and that's not some huge long-term trend you're talking about uh yeah 27 days yep so getting a 38% pullback of a trend that's less than a month long yeah you better expect that that's possible right oh yeah big time oil that's right oil out here this morning we sure do it's getting carried away with gold we got crude oil coming up at 10 30 eastern time seems like they're already talking about it in the den they got so api had a big draw on crude at 7.5 declined million barrels eia looking for a decline somewhere over around 2.5 um you know before we get in there right let's jump around on the bloom burger if we could because sometimes you want to enter a whisper number yeah let's let's see what they're looking for here and then put our name into the hat so the crude oil so there we go they are looking for whether it's a whisper number in terms of what people like ourselves anybody talking about um or they get the survey but somewhere with a decline of three million barrels called ballpark um okay you folks in the den put a whisper number in there we'll try to even it off we'll go from we got we got about a couple minutes yeah we well we had two minutes on the dot okay to make an entry good so we're going to jump back we'll start start looking at the trades we got two minutes we'll remember we'll see if they want so uh the expectations decline of about three million barrels we got crude trading at 59 22 the 11 a.m expiration spreads we could have an option to buy and sell with exposure from $59 so about 22 cents away we'll jump into the excuse me the noons $59.50 would be our pivot point so about 30 cents away I was looking to see if we could get a $59.25 right that would be your idea here so before we set it up we'd have exposure from $59 at the 8 a.m to $2.30 and $59 as well excuse me so it looks like $59 is going to be our best option if you want exposure bullish and bearish as in your 23 cents away because that noon is going to set up at $59.50 that's almost identical right so in this situation you'd almost want to have a bullish or bearish bias because you're either going to get an exposure from $59 or you're going to get an exposure from $59.50 either way you're getting about a 25 cent yes start to the to the heads up all right we have a guess so let's go we're going to go back where are we there we are we got 45 seconds okay they're looking for minus 4.5 million that's good and then see if you can he's looking for gasoline too yeah but I think there'll be a drawing gasoline that's who the drawing gasoline okay that in I think it is let's get our gas and what are we looking for for gas he just said a draw okay well that's good we'll go we'll go we will go we're gonna go five minus 500 all right okay ten seconds to spare you get action in there perfect so oil man quite a pop right I mean that's where this that's where these spreads aren't exactly calibrated the price it's trading at because they're going to open at the price that it's trading at as that spread becomes available throughout the day and you had oil trading at $59 for majority of it which is why you have these exposures from 59 all the spread setting up but if you're bullish not a bad trade and that even 59 is 62 you're getting in 26 cents above the market but your losses are capped down at 59 you got to push to the 62 not a bad trade when you talk about you have until 230 and you've had the volatility in oil right no doubt about that you know if you're directionally biased and you happen to hit it on the head as in your right not a bad trade to have your losses capped 50 cents below where you're at and you get $2.50 above you and we're gonna go over to uh bitcoin oh boy so bitcoin we got out called from paul yesterday uh and him and his wife they've been hodlin with the right that's hold on for dear life hold on for dear life except they got it at very low prices which is a beautiful thing yeah but look at this move folks this is like sick pretty remarkable last 12,938 we hit today we're 12,856 right now yeah i mean you didn't think i didn't think it had a $2,000 jump in it yesterday in the span of a day almost in either direction especially the upside and pretty remarkable just it wasn't you know it was it was the whole time it was the whole night it was from six o'clock the thing practically didn't stop you know and it made it all the way up to 12,938 by one a.m. in the morning so it was a run up yeah and look at how far it went down to back here yeah yeah is that 11,000 that is 12,1 so you talking about an $800 so um yeah it's a good it's a good pull back oh my god yeah stay right there folks Tommy and I are coming right back iPhone numbers 8779276648 dollars up 44 nazics of 53 sbs up four and a half we're coming right back if you haven't checked out the newsletters page of tfnn.com what are you waiting for all of the tfnn newsletters are informative up-to-date affordable and a must-have for every trader looking to gain a competitive informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk-free for 30 days from all aspects of the markets including stocks bonds metals commodities and tech there's a newsletter to fit your needs exclusively from tfnn stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox niko our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionic soil based vitamins minerals baddie and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right page they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by niko and page of living a primal lifestyle buy it today for just eighty nine dollars click on the primal edge banner on the front page of tfnn.com don't miss the last chance to sign up for the taz profile scanner at just 97 dollars a month starting july 1st we're raising the price to 197 dollars a month this is your last chance to lock in the 97 dollar rate for as long as you remain a subscriber and as always new subscribers get a 30 day money back guarantee so there's no risk don't miss this last chance to sign up at the low rate of just 97 dollars a month sign up for the taz profile scanner today by visiting the front page of tfnn.com tfnn has launched our brand new website you can still visit us at the same tfnn.com url but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching tiger tv live in high definition or just accessing your newsletter subscriptions we even have new pricing in six months and yearly options check out the new tfnn.com now and experience all the upgrades tfnn.com educating investors 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 we have a number man you got crude oil inventories falling we should have went bigger go bigger go home man falling 12.79 million barrels gasoline inventories falling 996 000 that's what you can expect when you get almost a 13 million barrel build uh draw yes and you'd expected three man that price just jumped almost a full dollar and uh pretty cool that's quite a draw the one the one trade that we're possibly looking at right you were getting in at 59 50 in this the market was trading about 59 25 you're already up 33 34 dollars as this thing's ticking at 59 80 um and it's going to trade pretty close you're just marginal to the market right now as you're a solid almost dollar into the spread but man that is quite a number and yeah 59 25 up to 59 90 in the span of a heartbeat and let's see if they got uh yeah we'll see the full breakdown man but that that is quite a number and I imagine gasoline uh inventories as well because that's on the bottom end of that range they might have been looking for a draw of only a couple hundred thousand to flat for gasoline yeah and then the xle right now it's up a buck 33 and uh not stopping no so well the interesting here is that the the swing point on the xle is uh 63 78 and we're going right after it and it doesn't look like it's going to be an abc up but hey we'll see if uh get the volume because that's 25.9 million there okay that we're going into and we only got 2.8 right now if we can look at some of so we started to check out uh some of the refinery they were talking about right yes uh let's see so where are we the top live yeah because it was kind of cool how they were talking about when this dad actually is so here's the full breakdown too you have gasoline yeah decline of about a million barrels crude decline of 12.788 gasoline the estimate was pretty much flat I think and let's see where it's still too big drawing distilled yeah distilled missed by 2.4 that's pad 3 minus 6.2 um a big portion of that but it's it looks like it's everywhere man because even pushing plus the distillate plus the pad 3 you're still not at 12.788 yet you know so I mean just constant all across the board uh so the refinery right yes in in Philadelphia so they do a good job of kind of talking about what you can expect here coming up to this report and so it's important to note that the weekly petroleum status report starts the period on Friday at 701 01 a.m. and ends at 701 a.m. the following Friday that means last week's report might not encompass all the fallout from the Philadelphia energy solutions explosion and fire um and then to that point we might not see crude imports into the u.s. east coast taking a hit in this week's report because of uh that refinery fire the region's weekly average has been 794 barrels per day over the past five years so and it might not see any effects at all for a good few weeks if they manage to resell it's predominantly foreign crude imports to other refiners along the u.s. east coast right because you can picture these boats are already out there right so it's interesting you know uh to redirect them it's a it's a great point to think about right and so the point being that those those are going to come those are already on the way and maybe you see an upsetting of the market in the next week or two as they reevaluate all that and yeah so s and p energy index which was that's spiking that's for sure gasoline demand which almost got to 10 million barrels per day last week backs off considerably products applied down 452 000 barrels per day to 9.47 million in the week ended let's just see we'll check back to see how the market's still moving so hanging up there 5970 we'll check back in but quite a pop that's a strong bond and i am i mean this is where if well oil ever gets back to where we were lower than what's going on in that market exactly draw like that that would be just so cool very weak if it was ever able to i don't i don't i would be surprised yeah surprised often well then the cool the cool thing is that that's where the divergence would be huge which is you know because that shouldn't happen it's just common sense if oil can't trade higher when you have a eia of 13 million barrel draw yeah then good luck to the bulls because that's a tough one totally let's go to apple so you get the chip stocks taking a lay higher you know and apple's up 450 so it's going to be intriguing to see if we get any juice behind it you know and it's not going to need a lot and it looks like it's going to have it 8.2 million shares and you know you know this that that that was option exploration it was a monster day 47 but the rest of these days you know 21 million 26 million it's going to do that you know so but that takes out that little a to b other b point then 215 is going to be game i don't think that's the high i think apple's much higher than that but no no yeah it is yeah yeah 233 so yeah this is just once one little swing point up yeah yeah i mean apple has to like the news from minutian in terms of a potential china deal right they got a lot going on over there i'm sure that's given them right today right um at the idea that they're quote unquote 90 percent of the way there whether that's based in truth in fact who knows but yeah plus i think larry had put up uh one of the tigers put up a larry show uh that trump had said that we're 95 percent there okay but the date was may 13th okay right that was yeah right it's been a tough six weeks then we back from 95 to 90 yeah exactly so some of the higher volume equities out here today you got uh let's see ceases oh that's that's flat we have uh oh apple up 457 microsoft up 149 nvidia up 840 we'll go to nvidia a second yeah allergen up 218 uh western digital up 335 facebook uh plus 149 so let's go to nvidia first and take a look this is an equity that no doubt has got smoked and you get a nice bump up today and well that's going to be a small abc up it's only tiny though it's yet uh what 142 uh so uh 15 points 15 points we're getting 165 but this is uh you can see these stocks that i mean heavy commodity stocks just look at that downtrend sure i mean when there's a chip glut folks there's a chip glut i mean in a huge way yeah um oh let's do this so canopy we're talking about canopy um as to cannabis the whole ball of wax yesterday would end up happening is that elinoy yeah elinoy went going in the party yeah and so this is the first time is an article here that's pretty cool i heard you talking about was it 100 million people 90 million people that have access to uh recreational okay uh big number and yeah it's a decent size number yeah and it's going to be interesting i mean it looks to me that they're going to get to the lower end of this consolidation or whether you're actually it's a huge consolidation they're in and we'll see whether you know they can whether it's going to be a commodity business or it's going to be something different um you know because the the spread differential on what they were selling it for went down dramatically you know so i mean they went from a i think they went from a 40 to 45 percent to 16 percent margin yeah that's pretty intense yeah but that's normal in a commodity business and so guess what you know farmers aren't making that kind of money i mean you're talking about spreads that are tremendously lighter yeah and the real question is going to be is that is that what it's going to turn into which which you can see it turn into it i mean there's no doubt about that um until you get someone like uh the next deal would be like specialties right like special scotches and all that what are they i mean someone's going to come up with that well of course constellation brands and philip morris are already in the business yeah that's where they're going to get a brand and stuff already snoop dogs got his deal out you know so that's yeah that's it right premium right okay well whether it is it's marketed as right stay right there tom and i come right back it's amazing to think that tom o brian started his weekly gold report 17 years ago with the first issue published april 7th 2002 when gold was trading at under 300 per ounce gold peaked at more than 1900 dollars in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run tom o brian publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xau hui gdx the dollar bonds south african rand as well as 25 different mining equities with specific buy sell recommendations as of april 1st of this year the gold report currently has eight active positions with an average unrealized profit of almost eight percent for each open trade new subscribers get a 30-day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of tfnn.com don't let gold's next big run pass you by sign up today biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade lab u or lab d directions daily s and p biotech three times bull and bear etfs visit direction investments dot com slash biotech 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 tfnn is excited about our new software charting program the art of timing the trade charts in collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system david white has programmed an outstanding piece of software that will complement any trader's methodology using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for fibonacci formation setups including guardleafs abc's butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're 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 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 for the latest market information 59 nasix up 56 sps are up six let's go over to imam mr teddy cakes that as we do each and every wednesday at 40 past the hour you can reach teddy every trading day folks at forex-trading-unlocked.com that's forex-trading-unlocked.com teddy cakes that what's going on brother morning guys we got some signals for you in the forex markets today oh we like that you gave us some good ones last week man i mean that we had some good turns here man well one of your favorite currencies i know is the us dollar yen so why don't we start with that one awesome yesterday they planted a nice new move low start the trading week off and they've rallied off that ever since into today's trade and right now they're actually kind of near their highs for the day and that's something that's indicated in a lot of the currency crosses against the dollar the yen um stamped the new move low yesterday and now they're higher again today so we have a lot of bullish momentum for the us dollar so i don't think it's japanese uh weakness it's more us dollar strength that's being indicated here in front of the g20 meeting okay you had the same thing going on in the us dollar swiss they slammed a brand new low yesterday um because they all been trading and trending for the past week and a half and then off of that low they're higher again today so and there's also a short term buy signal as of the close of yesterday so meeting once again us dollar strength is coming into the market and this is all on the eve of the g20 meetings coming uh coming up this out yeah and that's interesting the swiss broke that swing point going back there a bit yeah interesting man i mean it came right back but you can see that it did break it so yeah right and now it's pretty solid but now since the us markets have opened they've come back a little bit off their highs of the day but they're still pretty strong and then we have also we have the pound dollar where the pound made a new high against the dollar yesterday and then fell off it sharply that gave us a sell signal on the close also for the short term okay so it's a little mixed today i don't know where it is right now it was lower earlier um when i looked at it but then it was a little bit unchanged yeah it's not flat 126 84 right so and then we have last but not least we have the euro us dollar um that gave us a bearish and golfing signal as of the close of yesterday and they were slightly lower earlier and right before this uh what we signed down here it was right around even to lower so i don't know it's right around there yes so and so that gives us a confirmation right now that we have four major currencies where we have bullish momentum in the dollar so if you don't many of your viewers trade those currencies i would say be careful fading the dollar right now i would not be why if you're if you're already against the dollar keep your stops tight and don't try and move that against you know further because that would when it's a bad mistake to trade that way anyhow and this would be a move where we could see a build going on into thursday's trade before it starts to kind of settle into a range trade before the g20 meeting yeah i guess i mean there's no doubt the g20 is going to move markets i mean that's you know well that's the capability of moving markets that's for sure yeah and we'll end up happening folks it's in japan so that's going to be 24 hours ahead of us well no 12 hours ahead of us yeah that's right yeah so yeah always dinner in chicago in japan you look at japan i say that again i said dinner time in chicago is when you watch japan yes exactly exactly much no listen you know it's it's it is amazing there's no doubt when that yen gets stronger uh that that gold market just goes to the moon man i mean it's pretty right now how about that what do you think about the gold market i think going into this meeting you think it's going to get kind of into a range trade over the next couple days well i like that it's backing down right now because that move was so exponential on the way out you know what i'm saying i i like this little rest that's what we need um it looks like it's coming back with light of all and we went up on so at this point i like what's going on and even the dollar index uh the way it's trying to get into the highs of yesterday it doesn't have the juice right so it looks to me like yeah it's a counter trend bounce but as you said i i think it's time for counter trend bounce that's what it comes down to so sure we'll see how this baby shakes out and i think that your your viewers should be very cautious if they're trading any of the derivatives markets over the next couple days because we have all the big dogs coming to the table this weekend in japan you know so and between the tariff uh you know talks as well as we have the brexit talks you know there's there's a lot of key fundamental economic things that are on the table that it's not like normal g20 meetings where like hey we're going to talk about this issue and how we're going to maybe deal with it over the next couple years these are things that are at the forefront we are going to have some sort of resolution with the tariff war eventually um and brexit i don't know october 31st that they keep on pushing dates out but eventually it will happen right right no i there's no doubt yeah you get a lot of moving pieces there man yes absolutely absolutely they're all right now fourth of july week yes yeah and you know well that's why they say it's fireworks man right you know right yeah and you can know what's pretty wild is that you can see you know draggy last week i mean bottom line he's saying hey man you know if i have to you know put some juice into the market you know i'm going to do it um right you know so i suspect even these central bankers are all looking out for themselves you know sure you know it's like once this thing starts okay you know where we're going to go with the whole deal they're not central bankers of the world they're central bankers for the country exactly yeah for sure right yeah right and the ecb guys i wouldn't doubt that if by by august they start to do some sort of quantitative easing uh moves yeah because it's going to be interesting they they've had plenty of time to try to figure out what will happen if you get a hard brexit you know because i mean that the more that this keeps going i'm trying what i'm trying to figure out is that it's been going on for so long that like even if they leave in a hard brexit is an easy brexit right now because some of these companies have figured something else out do you know what i mean it's like okay we're going on a year and a half now yeah they still have no trade deals you know that's that that's the hard brexit that would they would hit them on day one yeah right so interesting yes definitely oh there's no doubt it's gonna be next week next week will definitely be a weird holiday week with the fourth of july breaking it up and stuff so and it would with what tennie's saying here folks this is what is really a trip so picture fourth of july's thursday no one's going to be working wednesday by 11 o'clock in the morning market has a half day on wednesday actually we oh it does oh that's awesome that means no one's going to work tuesday really breaks up the week it does yeah guys let me know now i won't be here next week no totally we won't either wednesday afternoon now we were we might in the morning actually but yeah that's because we'll close when the market closes right i believe is one o'clock on that wednesday prior to the fourth oh i always find that one amusing because july fourth eve not a huge holiday i know but but i'll take it they should i'll take it no they should have gave us off july fifth man yes what's wrong with them that's right we don't get any days off folks okay we we i it isn't funny to tell you we get a we get a streak we went to the market uh it's closed more often in the beginning of the year because you get you get um m ok you get president's day right um you get this july fourth but then once you get into the back end you pretty much get this is this is where we get that stretch of no days off anymore right right right right right and yeah you know yeah as we're just saying that that that's currency wise folks this is going to be a trip then from wednesday all the way to sunday night because the gold closes on friday anyway open sunday night in australia that friday is going to be like the friday after thanksgiving kind of the similar yes you know yes put out your option positions guys yeah they can move that thing anywhere that's the trades are isn't the options big time teddy you have a great one a safe one well yeah this is man happy fourth of july have a great fourth man thank you i'll see you guys in two weeks you should awesome who knows what would be in two months man yeah think of all the answers we'll have from that g20 by then i'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets i'm steve roads author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the s and p 500 for the last 12 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and i'll teach you the exact set of tools that i use that has transformed me into one of the best at what i do sign up for mastering probability today by clicking on the newsletter tab on the homepage of tf and n dot com and get immediate access to workshops where i take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today hi folks tom obrien here if you'd like to get my daily newsletter market insights then now is a great time to sign up for a 30 day free trial every morning by 9 30 i send out my morning letter to subscribers with market commentary on a variety of markets currencies and commodities to keep investors up to date on the day's trading action included in market insights are specific buy and sell recommendations for stocks etfs and even options which stops and price targets included for every trade in my newsletter if you'd like to try my newsletter risk free for 30 days then head over to the front page of tf and n and you'll find market insights under trading newsletters i use my years of trading experience to bisect and dissect the market every morning and give my subscribers the most important information they need to know for the day ahead i even issue afternoon updates for my subscribers whenever warranted with important market action i'm always scouring the market for the next great trading opportunity sign up for your 30 day free trial to my daily newsletter market insights today by visiting the front page of tf and n dot com well go get them folks the path of least resistance is david white's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service david uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options david keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted don't miss out on this great chance to get a 30 day free trial to david's daily newsletter the path of least resistance with no obligation to pay anything david has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning then visit the front page of tf and n and you'll find the path of least resistance under trading newsletters for all the details and to start your 30 day free trial today log on to tf and n dot com now 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 tf and n dot com it was up 63 now it's except 55 s and p's are up six and a half and that will contract is hanging tough the first move is the one that's just kind of hanging there right 59 70 we're up about 50 cents from that price point you could have thought that it was going to go a little bit higher man considering we got 70 cents movement almost in the span of a heartbeat yeah but nonetheless we're quite a draw we're looking yeah 12.7 million barrel draw um we'll see if it can hit $60 we'll see coming at us i just look quickly inside the dial industrials and see what the move is our inside there you got uh intel maybe intel we got chip stocks we got apple trading higher on maybe some trade concerns easing microsoft and yeah bowing 31 positive points bowing 30 apple taken away from it the united health 19 minus johnson johnson 17 not just to jump back but i was like where the oils and there they are chevron you got xon mobile they should be up with you know that type of build you got oil up almost two bucks now off of yesterday's extension as well and then of course in the end the x it's all about chips you got micron up 12 and a half percent western digital up 8 percent and video up 5.3 and then c trip c trip is a uh a chinese internet company okay maybe they're like in the fact that there's some trade easing concerns as well oh yeah a lot of those chinese companies so the ones that really could be hurt if things go bad oh the u.s companies they'll be okay they'll recalibrate if they have to or something some of those chinese companies need to be selling their items to the u.s oh yeah you know well this it's we quickly we'll go take a look at this gold market so intraday out here we got down to 1405 here in 1412 i like the setup get ready for some volatility i like to set up stay right there folks we get fast market coming up next to them of course we have mr basal Chapman uh steve road steve white i'll be back this afternoon thanks for thanks man they'll get them folks