 It's a presentation of T.F. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Let's go to Phil in Puerto Rico. Hey, Phil, what's going on? Hey, Tom, doing great. Just wanted to thank you guys and the whole crew, the best content on the internet. We really appreciate everything you guys are doing. We appreciate you growling a problem with us out here. Phil, how did you find us? I just typed in live trading on YouTube one morning. I was looking for any type of live trading room you guys came up in. Awesome. Kind of quality when I see it, or at least I like to think so. And I mean, you guys are just a dream. I appreciate everything you guys do. Welcome to the Tiger Film. We appreciate you growling a problem with us. My pleasure. Now, Tom O'Brien. Welcome, folks. Tommy O'Brien filling in for my dad, Tom. He's out today and we'll see where this market goes as we got a little bit of a rebound going on right now. S&P is still negative by five points, but we're about 27, almost 30 points off of the lows we made earlier this morning. Those lows, just when I was getting off the air, things were looking a little bit shaky in the markets. As you were down near about 30 points right now, S&P is just down single digits. You're right basically where we opened on Sunday night. We have a rollover on the futures going on. So even though you see a spike from the Friday close to the Sunday night futures open, that's a rollover, not indicative of the markets actually trading higher. So we're basically where we closed on Friday action. S&P is off by five. NASDAQ 100, we're off by 64 points. That's about a third of a percent of the red Dow in positive territory, up about 40 points, one tenth percent in the positive, trading at $39,232 in the Russell, negative by 14 right now. And yeah, Bitcoin's having quite a day, quite a month, quite a year. Boy, you call it everything, man. We're within $120 of all-time highs you just made about three hours ago. $73,375, you got to take a look at this thing on a daily. It is a rocket ship, man. From October at $26,776, almost a triple-bagger. We're up three times that price point, $73,350 right now in Bitcoin. Excuse me, pretty remarkable acceleration. It is not stopping, man. And I mean, you back it up, not to digress too much on Bitcoin. But how about the run, man? In terms of futures getting approved, right? You get a pullback from $50,000 to $40,000. Potentially a case of buy the rumor, sell the news in terms of those spot Bitcoin ETFs getting approved. No, that was the buy. $40,000 to $73,000. We'll see where it stops, but it's not stopping yet, man. Volatility, to say the least. You got Ethereum out there as well. Don't cover Ethereum, but how about it? Look at the run this thing is having. Pretty close percentage-wise. You're up over $4,000 for the first time in Ethereum. Ah, no. You were up as high as $4900 in Ethereum. Okay, interesting. You got to back it up Ethereum with a much higher high when Bitcoin was peaking out as well. Nonetheless, at about $4,100. Pretty remarkable. All right, back to regular markets. We'll call them crude. Jumping around as well. Up above $78, crude up $13 pennies at $7814. Goal contract up above $4 at $2189. How about some of those gold equities rocking, man? People getting into that gold contract. If you haven't tried out my dad's gold report, folks, he's got a new issue out today. Check it out at TFNN.com. We'll jump through some of those gold equities later in the hour. You jump over to the 10-year right now. A little bit of negative price action. The 10-year yield's sitting just at about 4.1%. 4.1. We're negative by 3 ticks right now. Excuse me, $111.20. There's your action on the 10-year. We're bouncing a bit off of the lows we made. We jump over to the dollar index this afternoon. Dollar, just chopping around $10286. Let's check in on the yen. Got to keep our eye on the yen, man. Quite the acceleration from $150 and changed down to $146.93. Chopping around where you were on Friday as well. Expectations that the central bank of Japan. Bank of Japan, they may be cutting for the first, excuse me, hiking. Hiking, right? Got to recalibrate the brain as they go forward. For the first time since 2007, I think. You look at this thing on a longer-term basis. A nice triple top up there at about $150. Quite a move last week. We'll see what this week has to do with the dollar-yen action. And where do we jump to for there? Well, we jump back to yields. And what do we have? We have the CPI in focus. Tomorrow morning, 8.30 a.m., CPI in focus. The numbers they're looking for there, okay? You're looking for 0.4% on the headline, 0.3% on the core. That's month over month. So 0.4 on a headline, 0.3 on the core. And then on the year, they're looking for 3.1% on the year and 3.7 on the core. So even if you go to core, right? Let's just go to core for a second. Tomorrow, 8.30 core consumer price indexes come out for the month of February. The core, you take out food and energy. Now, crude has been chopping around a little bit higher. But nonetheless, you take out food and energy. The numbers they're looking for are core. Again, 0.3% on the month. I got them right here on my phone and 3.7% on the year. And the interesting part about that, right? Now, the Fed prefers the PCE, okay? But nonetheless, they get this number. That's the last economic number. They're gonna get the biggest one ahead of the March 20th meeting. Now, we get PPI later. We get retail sales. We get consumer sentiment, okay? But CPI tomorrow morning is the biggest one for sure. And then we have a Fed meeting nine days from right now on March 20th, 0.3% on a monthly basis and 3.7% year over year, 0.3 times 12 is 3.6. So if you annualize the expected month over month number right now of 0.3%, you're pretty close to the year over year number on the core basis of 3.7. Crude is gonna make things a little bit more complex on the headline. That's the reason why they take out crude and food because their impact on those items, they have less of an impact with their rates in terms of what happens to the price of crude, what happens to the price of food. They can be more volatile because of other circumstances. But nonetheless, it's still a pretty lofty number when you think about it. The kicker though, of course, is that the Fed right now is sitting at five and a quarter to 5.5%, which is a pretty lofty level. And at some point, they're probably gonna make the case that yes, they have room to go. Yes, they have work to be done, but that they don't have to be as high as they are right now to be as restrictive as they need to be. Yeah. Now, you look at Chairman Powell. This one was out here yesterday from Bloomberg. They need just a bit more evidence, was the quote out there. We're not far from it. That's pretty strong words from the chairman in terms of leading the market here. He knows what the market is pricing in. He knows the expectations, the probabilities. March is out the window. He knows that nobody expects them to begin cutting in March, but they do expect it in June and they may even expect it in May. And so when he tells you we're not far off from it, he knows the market thinks it's coming from June. If the market, if the data continues to come in line, we'll see where we go. Now you look at their policy rates, right? The one thing, you go back to the 80s, right? Look at these peaks. The peaks do not usually last that long. Now they did last that long in 2008, okay? But they do not last that long, 2005, 2008, whatever the years are, right? They do not last that long these peaks. Usually the Fed, especially when they go on a hiking cycle to this degree, right? At some point they start easing. It doesn't mean they drop off a cliff. I mean, you see what? The late 80s, early 90s, what did it take? Five years? They were on a cutting cycle there, five full years, but they started from almost 10, right? Nonetheless, we get a little bit more information on March 20th in the chairman. We get the CPI out, 8.30 a.m. tomorrow, and we'll see where we go from there, man. You jump over to NVIDIA. NVIDIA shares right now, 8.60. Take a look at the 5.15 minute. You're pushing the lows of the session right now and quite the drop off. I mean 2.5 billion shares from NVIDIA, folks. You're talking about more than $250 billion in market cap loss. Just from where this thing was trading on Friday. Pretty remarkable. All right, stay tuned, folks. We're coming back. We'll be talking to our man, Steve Rhodes. We'll talk a little bit of market action. We'll be back in three minutes. 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And remember, at TFNN, we're so confident in the value we provide that we offer a 30-day money-back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk. So why wait? Tune in live to Tiger TV and transform your trading journey because when you know better, you invest better. Join us and experience the difference today. TFNN Educating Investors. Welcome back, folks. We got the S&P's down about 10 points right now. Nasdaq 100 off 84. The Dow barely in the positive. Let's jump over to our man, Steve Rhodes. Folks, every trading day, you can listen to Steve's outstanding program, The Trader's Edge, live 11 till noon, and you can check out his outstanding newsletter, Mastering Probability, right on the homepage at TFNN.com. Folks, you scroll down to under featured content. You'll see Mastering Probability by our man, Steve Rhodes. You can sign up, whether it's a month at 149. You can save 22%. If you go to the six month at 695, you can save over $593 or 33% on the year. I encourage you to check them out. They all come with a 30-day money-back guarantee. And folks, as I was getting ready to talk to Steve right now, when you sign up, you have a plethora of these webinars that he's put together, okay? And I mean, I'm not sure. I think there's almost 10 in here. Just going through the ultimate trading signals. This is the subscriber section, folks, that you can get in. If you check it out, these are all available. The ultimate trading signals, Japanese candlesticks. The oscillator unchanged line. The ultimate reversal patterns. How to spot and avoid the next pair of market. Overcoming fear in trading and investing. Mastering the TD set up nine count. Amazing. I could just keep going, but we're going to talk to our man, Steve. So check out Mastering Probability. How about those webinars, Steve, man? You got quite a selection there. Good afternoon. Good afternoon to you. Yeah, there is a good selection there, absolutely. And to help people to... Look, we're all about education, right? Educating everybody that's here. The cool thing about the den is you've got everybody contributing in there as well. Giving ideas and so forth. So it's a great set of tools that I've developed out there and I'd love to teach someone how to be able to interpret the message of the markets. Which is what we're going to do today. But before I get started out there, I mean, how about the Grand Prix of St. Petersburg? I tried on TV yesterday. I tried on TV yesterday. I had no idea. I'm watching the car race. Next thing I know, they say they're coming from St. Petersburg. I was looking for your dad's name on the leaderboard. You know, Steve, I'll get a picture up. So Friday, folks, my dad couldn't do the program and shame on us, we were down watching the practice runs of the Grand Prix with Tommy. So my dad, me, Tommy are down there. And what was cool was is that they do the practice, of course, on Friday, just like F1. They do qualifying on Saturday, right? And then they do the race on Sunday. And so they had the practice runs. It was just cool enough with Tommy, especially down there, because boy, it was a madhouse on Friday. So I can only imagine what that place was like on Sunday when the big race was going on. But pretty amazing. They bring that to St. Pete, right? It was awesome, Steve. You'll have to come down and check it out some. And it's like a block from our office. We parked at the office and walked down. How amazing. That's very cool. And then the next thing you know, last night, I turned on the golf channel for some reason and they're rebroadcasting the women's tournament from Clearwater. So you guys have a busy weekend on that side of the course. We're in a lucky spot, for sure. So talk to me. How about this market, man? Well, last week, your dad and I talked about gold. So I wanted to just simply first, just give an update on that. And I was listening to that. I was listening to that interview. Go for it. Perfect. Perfect. So we had talked about the possibility that gold made a major bottom. And so I just simply wanted to update all of our Tigers on the car patterns that are out there. And so if we take a look at during the last 10 months, and this is the daily timeframe chart for gold, gold has generated nine TD nine count patterns out there. Now, you mentioned the different videos that I've got educational videos. One of them is about the TD nine count pattern. And this is something that's very easy to learn and to identify. And I really recommend that people understand this pattern. When we take a look at this chart, you'll really try to really understand why. So during the last 10 months, we've had nine TD nine count patterns. Two have failed. Those are the ones Tommy that I have in readout here. And seven have worked. So we've got a 78% ratio at this stage here. And of success. So we have another TD nine count top that's going to go ahead and complete today. So today's pattern is going to be number 10 in the succession. And that's the upper right hand green arrow that we've got out there. So the question is, what would be success here? Success is when we get a top is price pulling back to test support. We take a look at this daily timeframe chart, Tommy. The only level of sport that I have right now would be a 21 26. So 21 26 becomes the area. And the reason I have to say areas because that number, that line is going to go up and down as price moves up and down. But people can use that right now as a potential price target on a pullback and they would be a pretty decent move would be a 60 point move out there. Not unusual for something that gold to do. So just be aware that today is going to go ahead and complete a TD nine count top. Now, this set of charts shows gold's daily, weekly and monthly horizontal trading ranges. So bud Rolfs, as you know, he had developed the primary trading range boundary lines. I went ahead and Tommy and I took his tools and automated it. And so all these things out here what they're looking for what these lines represent folks is they represent the largest number of co-located opens or closes. So it doesn't matter whether it's an open of a daily timeframe or weekly or monthly or close we're looking for so many times this price close at or near that level out there. And then once we have the distance of one of those where we get the largest congestion we just simply add that same distance up top and down below and they typically add as a key levels of support or resistance. So if we look at the monthly timeframe chart the left hand panel chart this shows that we're above a horizontal trading range. So on a pullback old resistance should become new support. So on top of the 21 63 or I forget the number that I gave on the 21 26 21 26 was that first? Yeah, perfect. Thank you. So we've got also 21 08 to consider on a monthly basis 20 36 on a weekly basis and then 21 63 on the daily timeframe. Folks, we're just taking a look at price pulling back to different support potential different support levels out there. And that's really key. So if gold is going to top though the question really is what's the US dollar index going to do? And the reason that we ask that question is because Tommy the bottom panel that I have down here this takes a look at a three day correlation the top panel is gold center panel is the dollar and the bottom panel calculates whether there's a directional correlation on average over the last three trading sessions. Well, when the bars are below zero tells us we have an inverse relationship. So what's the US dollar at doing? Well, the US dollar index is formed an A to B equal CD to the downside. This by the way, Tommy a snapshot was taken maybe about an hour or two ago. And so I don't know where we're at right now with the US dollar index. But if we were to generate one oh two eighty five. Yeah, pretty close. Right. Yeah. Okay. So if this were to generate a bullish reversal candle we would have a Gartley buy pattern and that would suggest that the dollar is going to rally. That would make sense with the with gold giving us a TD nine count pattern and pulling back. So we don't have that that bullish reversal candle just yet. But if we take a look at what's really going on here what I see and it's very subtle but we have a higher high and higher low. So we could see even if we don't get that bullish reversal candle wouldn't be unusual to see the US dollar index to rally up towards the one oh three twenty two level. So we want to keep an eye on that. And if I take a look at the intraday charts for the US dollar index several of these have roads meant to indicator patterns. It's a very cool pattern. It's one of the workshops that's included for subscribers out there. And that's what you anticipate when a daily timeframe is going to form a bottom. You like to see intraday time periods confirm that signal. Now we haven't seen the US dollar break out above any key resistance levels out there but at least it's given us that signal that it is attempting to form that bottom pattern out there. Of course we want to keep our eye on the underlying currency pairs. So that make up the US dollar index zero the end the pound and the Eluni which by the way we're new all time highs today. If we take a look at how the G.L.D. is trading in terms of British Pounds in terms of euros and in terms of Australian dollars out there. So the last thing that I'd share with you with regard to gold is just that that we're new all time highs today in those currencies and if this and that would be the one key thing Tommy that could stop gold from pulling back because those folks are buyers. They're not sellers. We're not that far away from the all time highs in terms of yen out there. And we made that new all time high on Friday. We take a good G.L.D. Pretty cool man you know I appreciate I was listening when you were on my dad last week man and you know my year the gold is on quite a run and what was cool was you said 21 26 I put the 382 up there Steve of just this run a tad since February 14th about 21 25 is the 382 pullback right there and that would be crazy at all right. So yeah who knows Steve thanks so much man we look forward to the show tomorrow folks checks it folks check it out this noon tomorrow Steve thanks so much have a great one man you too take you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman and your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious Timer of the Year Award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter Steve's award-winning newsletter Mastering Probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free at tfnn all our newsletters come with a 30 day money back guarantee so you have absolutely 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this portion of the Tom O'Brien show is brought to you by Directions Daily Leveraged and Inverse ETFs whether you're a bull or a bear you choose the direction visit Direction.com Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio they are not designed to track the underlying index or security for more than a day before investing carefully consider a fund's investment objective risk, charges and expenses contained in the prospectus available at Direction.com read carefully distributor foresight fund services LLC back folks we get the S&Ps right now we're negative by 8 Nasdaq 100 negative by 80 we get the Dow positive and we got a caller we got Michael in Orlando Michael good afternoon how you gonna tell me I'm doing well man how about yourself good good I can't complain well well what the I had your dad look at this ticket symbol B as in boy he is in Connie H and Harry G is in George the Bitcoin cash from Grayscale perfect I got it up here yes yeah he had he had said keep an eye on the $6.70 set but it looked like it blew through it sure does pull back I was wondering what's your opinion on like maybe what to look for on a pullback boy so is this Michael do you know is this is this trade is this just a spot Bitcoin ETF essentially is that what this is BCHG I'm just not you know there you go it's it's one of the Grayscale trust okay been converted yet like like GBTC it hasn't been converted yet this is okay this is just a trust of the Bitcoin cash so can I ask you why are you trading this one versus one of the new spot ETFs that have the low fees that just came out are you were you already in this or or how did that go yeah I I I've been I got in this one when it was was like two bucks okay and I get I got it was like two bucks and sure I'll across the average into the fidelity one hey so is is are you I'm just curious because I know this is a big component going on especially with Grayscale with people in there is this is this something where you got to worry not worry but are you getting like tax selling when you're closing this versus just closing it out and going into one of the other spot ETFs is that one of the things that you're considering well no I just wondering what okay pull back on this one well I'm just because I asked me because some of the different had some of that's really one of the reasons why I jumped in it around that place because Bitcoin kind of took off on me and that's basically my reason if I buy that one I was just I was just trying to find even the fee schedules and when it gets into a trust things get a little bit more different you know you can get some weird things that happens sometimes and you're right it's Bitcoin cash trust um but but things get a little bit murky in some of those vehicles and especially you know what happens is and this is just a little big pitch something to keep in mine because we've got to call her when I was doing my dad show a couple weeks ago to um and it was that there's a lot of ETFs there's some that go off the futures right or there's some that actually physically hold the Bitcoin themselves and when you trade the ones that are open to futures you open yourself up to contango risk which is you know you got a roll each month and that could actually deviate from the price if they're just like holding them themselves um so I'm just going to take a look at Bitcoin okay and we'll take a look at it and let me just jump over I mean is this something that you're you're actively trading it so you're going to be getting out you're going to be getting back in or or you trying to really look at like a longer term position where you're going to get out get out for a while or maybe getting get in for a while which is this active or is it kind of maybe you're going to hold it for a while and just hoping in 10 years or five years or two years man that it's at a bigger price point does just you're pretty good that's how I was looking at it I'm sorry one more time just straight out of a long swing trade a long swing trade wow that's like the best of both worlds you want right I don't know man if it's a swing trade we just traded from 27 thousand up to 73 I mean I'm always looking at Fibonacci numbers so just on this last run that we've had I'll put it back on a daily from 40,000 alone and that's pretty I mean you're looking at the 3A2 brings you back to 60,000 we know how this thing moves though we just hit 60,000 March 5th six days ago right on that one red day that we've had since we were at 51 so maybe 60,000 is a price point that you could look for it but 52,000 is where chopped around from February 15th to February 26th and then 50,000 is the high you got when you had the futures get approved you know maybe 50,000 if I'm it's it's a risky game man that's the only you know it if you're looking at it you know I don't want to I don't want to say get in at 50 because boy this thing could be a 22 in a heartbeat and it doesn't mean I think in the longer term the reason why I asked you is because I think in the longer term man five years down the road said 10 years and that's along but yeah it's going to be at much higher prices so you probably have the wind at your back but boy we've seen how this thing can rip or to negative and positive and we just almost doubled in price and what's remarkable and I know you know all this Michael but just think about it's remarkable that we've almost doubled in price from January 23rd okay and that's after all those Bitcoin each TFs got approved they they got approved on January 11th we were near 50,000 you actually traded to 40 on January 23rd we're at 73 Navity is one example of how the market can suck a lot out pretty quickly and that's on an equity that is changing the world even even NVIDIA can lose a quarter trillion dollars in market cap almost in two days right now and I think even bigger swings are possible when you're talking about Bitcoin but but longer term or even swing trading I like the idea man I like the idea so maybe you know depends on depends on where you want to put your stops if you're going to keep a tight stop yeah you can try and get in here maybe when it hits the lows of of that one day that you pull back on March 5th 60,000 but set it tight man because if you go below 60 you're probably going to 50 and if you go below 50 you're probably going to 40 I don't know you know yeah Oh okay I appreciate it Tommy all right best of luck Michael keep those stops in place man only use money that you're willing to risk losing out there on Bitcoin that's the one thing I can tell you okay oh yeah yeah yeah this is this is this is this is this is this is this is this is this is this is this is this is not a this is not a this is not a listen there's nothing wrong I have some I have you know tiny piece tiny piece of Bitcoin you know but but and if it goes to zero I'll be fine and if it goes to a million bucks hey we'll see what happens who knows right oh okay I appreciate it but thanks Michael take care right you know a million sounds crazy folks but if you told somebody 73,000 and not even that long ago right you told them 73,000 October I mean we're talking about how about El Salvador right Bitcoin center right yeah I mean I mean they should make that guy dictator for life look it's my pull-up I just Google El Salvador Bitcoin okay the first article that comes up and listen this is just nonsense I'm sure or to a degree El Salvador may become one of the world's richest countries due to Bitcoin hold things well we'll see we'll see what happens folks okay but yeah pretty remarkable the run-up that we've had right now and yeah everyone's talking about Bitcoin having and there is a very real deal about the future of that the finite supply that exists and yeah but pay attention of what vehicle you're in and in this break I'm going to pull up a couple because that was one thing that I looked at for a previous caller and and you know you want to be careful because if I was doing it I'd be in a spot Bitcoin ETF with very little fees you can do that nowadays get away from the futures ones demand right now that if you have to roll your entire ETF whole things month to month you may face a problem on a month to month basis doesn't mean it's going to weaken Bitcoin but boy you want some volatility as traders Volatility is a trader's best friend right and that's why Bitcoin man markets S&P is negative by 12 folks stay tuned we'll come back we'll talk some other market action be right back If you're looking for potential trading setups in the stock market Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30-day money back guarantee so you have nothing to risk for all the details and to start 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when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN .com This program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ folks S&P's down single digits were down by six right now now Michael got me going down the the Bitcoin rabbit hole during the break and it is remarkable how many of these so this is BC and with so BCHG is Bitcoin cash too okay and I know he mentioned that but in the in the conversation I don't think I realized it which is not even Bitcoin I believe so hopefully you know that Michael which I think he did I think he was telling me that in the beginning but then you go okay to and I'm even pulling up let's see where we at yeah you know I was trying to pull up some of this and this is the Bitcoin trust grayscale yeah grayscale Bitcoin cash trust versus Bitcoin because Bitcoin cash is different than Bitcoin okay but it shows here and I don't even know if this is recent nothing's even showing up it's got a 12 months is yield a yield of 0 132 million and assets and the space expense ratio of 2.5% it only shows in that asset value of 375 but it's not printing the last price all right so be careful of this one Michael if you still listen out there if you want action man I would get out of that and I would get into one of the top just new Bitcoin ETFs that are out there that are pretty affordable when you talk about fees whatever it is what's the main one out there is it pro shares right now Bitto right the pro shares Bitcoin ETF strategy what do they have in funding we'll pull it up but this is one of them like I mentioned no see Bitcoin invests in Bitcoin futures and does not invest in Bitcoin there is no guarantee the fund will closely track book Bitcoin returns this is what I'm talking about alright so buyer beware across the board at the next break I'll do it again and you know what before my program tomorrow not to tease it but I'm going to go into this as well man because I got to get in my own head doing all these programs as they all come out so that's the pro shares dotcom website it aims to produce returns that correspond to Bitcoin it's a strategy ETFs but they invest in futures and that's a problem and when you look at their holdings and this is what I was talking about okay this is the one to avoid as well what do you got all you got is fifty percent in the March futures contract and fifty percent in the April futures contract and you got to roll them all and we know if you've been in the market long enough that that can prevent present some problems to put it lightly so I'll even pull it up at the next one but yes you want yeah we'll pull it up at the next one all right let's jump back to the market let's talk some Boeing man don't buy Boeing folks that's I could be wrong but I think there's a lot better risk reward plays in the market when you got a tail risk of a criminal investigation of planes that just have doors popping out and they got no documentation I mentioned in my program this morning so Boeing jump over the headline here Boeing extends the two thousand twenty four drop past twenty five percent on the U.S. investigation this is a criminal investigation they have a grand jury going on okay they don't do that just because you innocently forgot to file some paperwork or you were just being lazy and not doing the best job that you could criminal means criminal okay yeah and we'll go back to the Bitcoin man has convened a grand jury okay to hear evidence in the case now this is from when they had the door pop out of the plane okay but federal prosecutors now have a grand jury going on the probe and they have no documentation whatsoever in terms of what happened to that door they're facing growing scrutiny and yeah you're talking about subpoenas here you're talking about interviews right you see what can happen as part of a criminal of Oregon investigation excuse me in the Alaska area incident four bolts that should have been prevented the panel covering were missing and they have no records whatsoever while in Bloomberg this morning they were talking about it and it was almost embarrassing I think for some of the reporters which I love and it wasn't Jonathan Farrow me anyway um but how there was they had said that this was embarrassing for them illustrating how poorly of a job they were doing when it came to safety but that's not the story okay the story is it's a criminal investigation and now the documents that the investigators have requested have gone missing okay view it from that angle as a trader that's how I would be viewing it um yeah because a criminal investigation man you know it's at the point you I if I was flying especially with Tommy I'd be checking what kind of playing I'm on and that is remarkable that they have lost the ability when you think about how safe generally air travel is that anyway it speaks for itself um criminal investigation and then you had another plane that just over the weekend had technical difficulties the headlines were all over it today um for fifty people injured yeah and I'll have to find that one as well as I don't think that one's in this one know it was yeah here it is on Monday ten passengers Latimer hospitalized after a plane encountered unexpected turbulence but it said it had to do with a technical event during the flight which caused a strong movement most times this stuff probably wouldn't catch the headlines that it catches right you got a technical difficulty nobody's dead ten people are injured you might catch a headline nobody probably would even know what kind of plane it was on it would just be a tantalizing headline but that's not the case anymore and the fact that it's criminal there's going to be more information coming out subpoenas right interviews all of that stuff coming down the line for Boeing shares I was talking about this morning I was surprised at where it was where it was when they opened you trade it down you trade it back nonetheless they got some woes to put it lightly for Boeing shares and let's see what it is Blackstone what is that one I bit that's the one I B I T all right you want to play some Bitcoin action go play this one folks okay so they haven't even the definition yet it's going to be the I shares one and that's why Blackstone's eating up all the Bitcoin because it's decentralized so so so BlackRock is going to control it all yeah we'll pull up that fact sheet as well let's see what they sell us so right here yeah good old Blackstone right we'll pull up that one as well Ethereum is another one I wouldn't be doing Bitcoin cash and I wouldn't be touching any of the other altcoins we'll call them altcoins we'll keep a PG rated instead of the other term you know there's there's real technology there's going to be some other breakouts as well don't get into the NFT game you want some action Bitcoin Ethereum they're the action why do you need more action than that right that's that's why do you need more action than what's going on in Bitcoin that's one thing you could ask yourself on that we jump over to Coinbase at the end of that conversation a little bit of a rollover man check that out from 275 to 255 for Coinbase back to where we were on Friday that's quite a little bit of a rollover even when you got Bitcoin slamming highs right now at 73,000 Coinbase gives it up a bit alright we talked about gold I mentioned the gold report today out my dad's newsletter if you want to check that out check it out at tfnn.com and we got jumped through some of these equities man because it is remarkable I mean Steve Rhodes giving us a great update on his take on gold alright and it's pretty interesting right he put out that first number that's why I remembered it for sure because he said 20 2126 I said you know what that'd be super reasonable pullback 2126 I bet that's pretty close to a 3A2 you pull it up on the chart from the low we had less than a month later you're at 2200 the 3A2 brings you to 2125 pretty remarkable right now for gold up $2 in the session but what I think indicative of the strength in this market is not even the gold contract it's how buyers are getting ahead of the gold contract in equities like Harmony phew gold's like almost flat gold's up $2 today Harmony is up 11% heckler of 7% right now you can jump around man there's many of them what I'm just I'm just Jerry Pickett now Mux is flat El Dorado upper percent IEG up to 2% Harmony heckler some other ones stay tuned folks one more segment S&P's down by 10 we'll come back we'll take a look at those CPI numbers one more time ahead of the numbers at 830 tomorrow stay tuned Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter Market Insights your key to successful active trading Tom O'Brien renowned for his expertise in the financial markets has designed Market Insights to be your daily guide to profitable trades Tom publishes his daily Market Insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a season trader or just starting out Market Insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to Market Insights today don't miss out on this opportunity to supercharge your trading results Market Insights comes with a 30-day money-back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand tfnn educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on Market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand having the latest market advice can help you turn this chaos into a key for creating winning trades at tfnn we understand that it can be hard to find reliable market news that's why each of our market experts offers their very own market newsletter a must-have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade try any of our great newsletters risk-free with our 30-day money-back guarantee just visit the newsletters tab on the front page of tfnn.com tfnn educating investors 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 welcome back folks so you if you do want to get a bitcoin e t f okay geez i'm jumping all around man that's black rock is that the one i'm all around black stone which one is that yeah i think it's i b i t that we're talking about which is black rock okay and they have ten billion dollars of funds and you're talking about an expense ratio of 0.12% and you're talking about physical bitcoin in terms of what they have going on yeah that's the one i b i t 9.4 billion okay you have a marginal fee expense of 0.12% you got ten billion dollars you got black rock holding your physical bitcoin okay and when you talk about the holdings there's no futures in there okay they're just holding their holdings not available that's because they don't have anything on this list look at this they don't have stocks they don't have bonds they don't have anything yahoo needs to reset their calibration here because all they have is bitcoin and you're going to have competition in here okay but make sure you find a fund that is reliable that's holding physical bitcoin and find one with a very low fee structure because what's going to happen is this fee okay is actually going to go up to 0.25% i think for i b i t put it down to 0.12% and i was trying to find the exacts over the break but it said something like yeah physical bitcoin that's right jimmy hey you got bitcoin and you got futures though and a lot of people don't understand it i get the point in terms of what actually is it but there is a degree you can hold those bitcoin yourself if you want to man put them on a hard drive right because i feel like some of those futures might be in trouble it's a risk that you don't need to take let's put it that way folks thanks so much for tuning in we'll be back at cpi tomorrow at 8.30 i'll be back on the air right at 9 o'clock have a great night have a safe night folks i'm coming back for the 4 o'clock update we'll be right back