 The following is a presentation of TFNN. The morning markets kickoff with your host, Tommy O'Brien. Now, Tommy O'Brien. Good Friday morning everybody. I'm Tommy O'Brien, coming to you live from TFNN just after 9 a.m. Eastern time. We got about 30 minutes to go until the opening bell and quite a market as we continue to the downside in pretty dramatic fashion. We're going to kick things off with a weekly of the S&P folks. I've been talking about this trend line for a while now and that is quite a decisive break. That is quite a decisive breakout on a weekly basis. On the S&P, you can't ignore the acceleration we got this week, folks. You're talking about a high of this bar, 46.71, with 230 points below that price level right now, back on a 15-minute basis. Quite the acceleration yesterday. You almost can't overstate the move we had. You're talking about an intraday high yesterday of 45.94. Less than 24 hours ago, folks, you were trading 150 points higher than you're trading at right now. We're still off the lows that we got at about 10 p.m. Eastern time last night at about 44.30. We're trading at 44.44. You're down 2.30% in the S&P. NASDAQ 100 down more than a full percent. You're trading 14,684. The Dow is off about 4.10s right now. The Russell off about 14 points. Bitcoin is going to get a lot of headlines. Coming into Friday, coming into the weekend, Bitcoin, yesterday, sitting pretty comfortably above 43,000 this morning. Not so much the case. You're down $4,400. Bitcoin really accelerates with the market. Market makes a high at about 11 a.m. Eastern time yesterday. Things really fell out for Bitcoin towards the end of the day. But man, you had quite an acceleration overnight as well. You ended the trading day yesterday in Bitcoin, about 41,400. You see the acceleration there on a 15-minute basis. Now no huge fundamental news other than China putting the, excuse me, Russia, putting the clamp down on cryptos, calling it a threat. And I would say anybody, especially, it's talking to my dad out there this morning, any government, ourselves included, Western democracies included, but especially a country run by somebody like Putin. The last thing he wants is to lose control of the money supply and have his citizens able to act and do things without it. But that same thing goes for Western democracies, Europe, et cetera, are fed. Keep your eye on that one, because we have just crossed a critical level. It's the second time we have, you put Bitcoin on a daily. And I had mentioned, I mean, when we broke below this 40,000 mark, you're going back to January 10th. So you're talking about 11 days ago. Seems like Bitcoin had saved itself, bounced off that $40,000 area. Just like that though, pretty decisive break when you look at it. Really decisive since November 10th. You're talking about just over two months, folks, 70,000 to 38,000. And next stop seems all but assured to be 30,000 on this. Now that we've broken a couple of times below this, we have the markets escalating to the downside right now. You got Bitcoin at 38,000. And you can see there's nothing in between about 40,000 and 30,000. And that was the run it had from July to basically August. And one month span. Now you back it up a little bit further on a three-year weekly. That's where it looks a little bit clearer. 30,000, the price point. That's where we came into the year 2020. We'd give it all back from 2020. And man, you break below 30,000, 10,000's in play, like instantly too. Because this run it had on a weekly basis, folks, you went from 10,000 on October 12th to ending the year at 30,000. In less than a quarter, you rose from 10,000 to 30,000, kept going to 60,000. We're on our way to 30,000. And if we cross 30,000, you don't have to be a master technician, folks, to see where Bitcoin goes and it's 10,000. Let's jump over to Ethereum as well. Ethereum, not going back as far, but quite a decisive break as well. Now you are right back to where you were on September 20th on Bitcoin trading at 2700. You break below this level and you're talking about 1700, 1800, the pullback we got in the middle of June and July on Ethereum. All right. Let's jump to crude, crude, holding up relatively well with everything else going on in this market, crude. Right up against these highs we had back in October. Now this is a three-year weekly to see the action we have. You can see crude settling at a new normal. You put crude going back a five-year weekly above where we were at even in 2018. And you check it out on a monthly basis. Pretty similar action in terms of Bitcoin. You have really easy to spot price action on these charts, folks. We're breaking through areas right now on crude. Next stop is $100. We haven't done anything. Look at the fall-off we had back to 2014. Everybody's talking about $100 oil. Oil can't even trade lower with the market. Just dropping out of bed in a big way. And nonetheless, we got crude sitting at $85. Next stop seems to be $100 on that in similar fashion to Ethereum. Any time you break a very critical area, folks, and be on that critical area, traders have a one-way trip to a certain price as in right when we broke above, basically, that high that we got back in 2018, when we break above $76.90, there is nothing in the way between $76.90 and $100. And it did that in the span of about four months, going back to 2014. 2014, remarkable. You're going back to 2014. All right, back to a daily on the charts. We check out gold. Gold's behaving relatively well as well, $18.42. Gold's struggling for a bet. With the market in turmoil, gold shows a little bit of appreciation, finally, in the face of some inflation that's pretty shocking. And we jump to the all-important notes and bonds, catching a little bit of a bounce there. Oops, excuse me. In the note and bond, we got the 10-year right now, a little bit indeed, right? Quite a bounce for sure. Now, this is where it gets interesting. I mean, you got markets selling off. You have yields actually decreasing now as the floodgates go to the safety of bonds. Now, if that happens, it's going to send rates back down, which is pretty interesting. And it has quite a rise from where we were Wednesday, folks. You're talking about a full point and eight ticks in the 10-year right now, trading at $1.2811. All right, and let's get to quite the main course last night after the bell. Maybe this is the freak out that's going on with the Nasdaq right now. And it might be because Netflix is not stopping, folks. We're trading at $400. You were trading at $520 yesterday. That's $120 per share that Netflix shareholders are going to lose just from where it was at about 1 p.m. Eastern time yesterday. They missed on subscriber numbers. And that's all that matters to this company. I mean, I'm a big Disney bull. Disney underperformed the market, and they are trading lower. We'll get to them shortly as well. Last year they underperformed, they're trading low with Netflix this morning. But Disney has a lot more going on. So when they come out with their numbers, the market is heavily interested in what they're doing for streaming. But they're also heavily interested in their parks that have struggled. They're interested in the movie theaters that they are releasing their films in that aren't opened yet. Netflix does one thing. They sign up people for streaming, and that's it, period. They pay for production. They pay for content. They sign people up for their service, and that's it. So it's really simple. Even though they made the numbers last night in terms of revenue, in terms of consensus estimates for revenue, earnings, that type of stuff, subscribers are all that matter to this company. And as I speak, 399, I did not see this one coming. And I want to say, if you're looking to get in Netflix, right, this might be at least an opportunity because you're going to open folks at 400 bucks to put this on the chart. Okay, we got to go back even further, but check this out. We are at pre-pandemic prices. They give it all back. Netflix gives it all back from the pandemic. Remarkable. Peloton, we're going to get to coming up as well. I mean, just experiences a lot folks living through this, seeing this, seeing these companies that should have benefited oh so greatly, and they did for a short time being, they are not meandering the end of this pandemic like we all kind of suspected as Netflix surged to $700. You're going to open at $398. We're going to take a look a little bit at Netflix. We're going to go back a little bit further. We're going to talk Disney. We're going to talk Peloton. We'll be right back folks. Stay tuned. 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. What's separating you from the most successful men and women on Wall Street? That's right, information. Having all the information gives us the perspective we need to place the right trades at the right time. 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TFNN airs live financial content streamed live on tfnn.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. Free! Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has 8 different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN. Educating Investors. Welcome back folks. We've got a chart of Netflix up here. Netflix trading right now at $399 is the ask right now. Under $400 on this chart. So I had the three-year weekly up when we went to break. Backing that up a little bit further, there's your five-year weekly. Now interesting, right? That we're opening. We're talking about important price levels on charts, folks. $400 is a very important price level for Netflix. We trade below $400. Just visually, you can see that number one, you get the next round number at $300 and $300 was an area that yeah, we traded all the way down to what was it, $231 at the end of 2018. We got to a price point of $252 at September of 2019. So yes, we are going to be back to $400, which was where we were trading at pre-pandemic levels but it is important to remember that Netflix really accelerated, I mean you're talking about a stock that was trading at $137 as recently as 2017, right? So that is still a three-bagger, okay? From that price point, from where you are right now, just for some context, but critical area for Netflix at $400, getting into the actual raw numbers, they missed it in a big way and they really don't have a reason why, which is probably partly to blame in terms of why the stock's being punished so much. 2.5 million subscribers is what they expect this quarter, that'd be the company's worst start in more than a decade. Plunges is how they put it, erasing, yeah, $45 billion in market cap. So they added 18.2 million customers in 2021, that's down 50% from the record year before. Now checking out the ads they've had on a yearly basis, okay, 2020 record year, pandemic, they capitalized, they add 36.6 million subscribers, last year they add 18.2. You add them both together, you're talking about, what is that, 54.8 million subscribers. That's 27 million subscribers per year over the two years. They definitely pulled forward some of the subscribers. We know that now when you look at this chart, you can't deny it when you look at the yearly fall off to the tune of about 50% of what they did in 2020. But when you take the average folks at 27, it's exactly what they did in 2019. Now, 2018 was at 28, but pretty much on par, 2018, 1920 and 2021, they're pushing about 27 to 28 million subscribers per year ad. They thought it was looking for, yeah, 6.26 is what they were looking for for the current quarter. That's the one that they're talking about, 2.5 million subscribers now. Now here's the part that gets a little interesting though. If you're a bull on Netflix, could cause a little worry. Company executives struggled to identify why growth has slowed. They bramed a tough economy, especially in Latin America, as well as lingering fallout from the pandemic. They acknowledged the potential impact from rival streaming services. That's something new. Yeah, and as I say, Reed Hastings has long dismissed competition as a problem noting Netflix has grown as many rivals came into the business. That's very true as well. And this is something we're gonna start to see play out because my friends and I were even talking about yesterday, Disney catering to people with children especially. How does that play out when you talk about canceling? Many children though, they're hooked on Netflix just as fast folks. If you have little kids in your house, maybe you're familiar with Coco Mellon on Netflix. That thing is like caught fire in a big way. So can you cancel either of them? Can you cancel both? I have both in my household. Many people both have probably have both in their household, but we're nearing a point. They were talking about the Tigers down yesterday, man. You add up your cable bill, you add up Netflix, you add up Disney. Maybe you got the Disney plan with Hulu and ESPN Plus. Maybe you have HBO Max in there as well. You're paying probably more than you might have been paying for cable at the beginning of things. So we'll see how this plays out. You have Disney trading lower today. You have Roku trading lower today as well. I think they put in here. But yeah, so this is the quote, okay? It's tough to pinpoint why subscriber acquisition hasn't recovered to pre-COVID levels. That's the CFO said on their webcast yesterday. He and his colleagues reiterated their confidence in long-term prospects for the business. Well, what else are they gonna say that we're in deep trouble and we're never gonna turn it around and the long-term prognosis is negative? You're not gonna hear a C-suite executive say that ever, folks. And yeah, they just go over some of the numbers that they posted in terms of what they were looking for. Nonetheless, that is Netflix. They trade lower and this will be an interesting open, folks. That's about 400 bucks from Netflix shares. Now we gotta jump over to Peloton. Peloton, I mean, Netflix, Netflix changed the world, folks. They're gonna be around, okay? They're gonna be around at a different valuation today than they were yesterday or a few years ago. Peloton, you can't say the same thing. Peloton has not changed the world, folks. They became quite a phenomenon. That is undeniable. The chart says it as well. They've become a phenomenon to the upside and to the downside. Yesterday, folks, I'm getting meme jokes left and right for my friends about Peloton. Peloton has become a meme joke stock after becoming a cult following stock. Now they've built quite the following over the period of the pandemic. That following is probably gonna follow them through. But I wouldn't even buy a $2,000 bike during the pandemic. I'm certainly not gonna buy it now. I heard my dad talking about it yesterday in the same sentiment. They obviously have some problems. They halt production yesterday. They're trading at $24. You were trading at $37 in 2019. But it must be like to be down 40% in Peloton over the period of about two-plus years when you had COVID strike during that time. Obviously a period of mismanagement. They ramped things up. The forecasts were horrible. You combine this. You combine Netflix, folks. Some of these expectations that we have, excuse me, and Netflix is a different deal in Peloton. Peloton is complete mismanagement by the executives. You can't deny it. And then the whole story comes out that you got the executive selling $500 million at the tops. Here's what I'll say about that portion of it, okay? Insiders' transactions are very important. I think it came out that the CEO sold about $110 million of his position. That was only about 10% of his portfolio, all right? I can't blame an executive that sells out 10%, folks, when you trade from 17 to 170. As traders ourselves, if you get a 10-bagger during that time, the expectations built into the future are just mammoth. So he was a billionaire at those prices. I think he's now worth, like, $300 million or something like that. And he cashed out $100 million at the top. Keep your eye on those positions. A bunch of executives did it. I can't blame them, though. I really not. People are up in arms over this deal, folks. Executives, folks. An executive that starts a company like Peloton brings it public, you know, creates a phenomenon during the pandemic. He's a billionaire. And he says to himself, you know, there's a lot of growth built into the price of this equity at $100, $120, $140, $170. I think I'm going to take 10% off the table and diversify it, because why would I keep $1 billion in a company that's trading at $171, that was just trading at $17? Now, Mark Zuckerberg would disagree. And that's how you become king of the internet, is you keep all the shares, you keep all the ownership if you really believe in what you're doing. But he could have believed it in as well and just didn't want to write it out at the tops, like you see there, at 171, which is pretty crazy over the top in terms of where you are on that equity when you were just at 17. Did not think that we would get below pre-COVID levels, though, on Peloton. Now, Netflix, the reason why Netflix should freak out the market a little bit is what happens if technology stocks are missing in a big way? And what happens if we got a tough earnings sector coming up, tough earnings quarter coming up for some of these equities? Netflix did not imagine that you could trade a $400 on their earnings last night. About a $35 move priced into this equity coming into things, so much, much larger move. If you were buying it at the money, put or call yesterday. About $18 is all you were paying. Well, you're going to get a $108 move to the downside on that equity on the open. Stay tuned, folks. We'll be coming right back for the opening bell. We'll take a look a little bit. Peloton, we'll get back. We'll take a look at Disney. We'll take a look at some of those tech stocks as well. NASDAQ off 113, we'll be right back. 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 questions answered live on air and can privately chat with our TFNN hosts live during their shows. Interact with other tigers and tigers as they share trading ideas, analysis and discuss the market action all trading day. Subscribe to the Tiger's Den risk-free with our 30-day money back guarantee and become part of the TFNN trading community. TFNN Educating Investors And find the newsletter for you. Whether you're into trading gold, metals, futures, currencies or options, you'll get advice and analysis to help you seriously get ahead. 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Now we're offering licenses available at only $79 a month. We are so confident that you're going to 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. Welcome back, folks. We have markets open. We get the S&P right now negative by 18 points, trading at 44.56 Nasdaq 100 off 127. Let's jump to Netflix, see how they're opening up on the open bell. A little bit lower price. We make a low of 397 for Netflix shares on the open. We'll jump to some of the other stocks impacted. You've got Disney down about 4% on the Netflix news, down to 141.90. We jump over to Roku shares. Down about 3% catching a little bit of a pop on the open from where we were at 161.94. Let's see how Peloton is trading right now. There's a lift for you Peloton trading up 8% to 26.22. Still well off the $32 it was trading at yesterday when the news broke that they are halting production of some of their bikes. I think you have the CEO out there doing a little bit of damage control out there as well. Like I said, I mean they got a big following. They got a lot of people with bikes now that they're going to have for recurring revenue. But man, talk about a reevaluation of the growth multiples on that company. We're trading at $26 right now on Peloton. All right, let's jump around to some of the fang stocks. See how they're trading. Apple shares getting a little bit of a lift on the open. Check that out. So we get the NASDAQ 100 down 77 right now getting a lift. Part of that's got to be Apple trading from basically 163 to 165 right on the open. See how Microsoft is trading this morning. Basically flat at 302. We jump to Google shares, Google trading flat as well. Amazon shares trading at 3,009 Amazon actually with a 2,900 print. Remarkable. You take a look at Amazon. If you're looking to get in Amazon folks, you get a 2,900 handle on Amazon. You could at least start to dabble. The only thing a little bit worrisome is man, this acceleration you got, I would be very surprised if Amazon gave it all back during the pandemic, but wouldn't be the first time folks because man, been surprised many times by some of these equities. But we're approaching an area that has nice support here of about $3,000. That's an area we've been chopping around in since July of 2020. Folks, you're getting into Amazon at July of 2020 prices of about 3,000 back from 3,700 a couple times last year. So you're talking about what is that more than a 20% haircut or where you were trading out on two occasions last year on Amazon shares. And these markets were surging higher as you got the S&Ps down just 14 points. Now 14,461, but man, these moves on a weekly basis. Pretty decisive. There's your S&P on a weekly basis. There's your NASDAQ on a weekly basis. These two bars we got folks from January 3rd and the week we had this week, of course, January 17th. You're talking about giving up in the NASDAQ 100 almost 2,000 points folks. We're about 200 points away from a 2,000 point give up from the highs we had to start this year. That's a move you better be paying attention to. Let's jump over the VIX as we're getting a little bit of a lift right now. In the markets, VIX pairing was gains a bit, but man, you're talking about 2675 and as I just had it, you put this thing and back it up a little bit further. Just to show you the type of moves that are possible here, this VIX move up to 2670 pretty well below most of the spikes that we've had in the last couple of years. You look at it. I mean, most of these spikes folks, this is going back to March of 2020. I'll back it up even a little bit further to get the full COVID spike in there, okay? But you had 85 when the market just fell out of bed when COVID hit. Outside of that, we look at the runs that we've had since June of that year. And as you can see, most of the highs actually higher, which means that the pain may not be over, man. We are getting a lift, but it's almost a scary lift. Every time we've risen in this market, you've had to pay the price later in the day with some negative action. We'll see if that happens today. We check in on Bitcoin, Bitcoin, catching a little bit of a lift. We're now 1,100 bucks off the low. We'll keep our eye on Bitcoin shares, shares, Bitcoin trading at 38,760 right now. All right, let's jump down the line and see what else we have going on in terms of stocks. Slumberj, the oil services company, oil, good market to be in oil right now. Beat top and bottom line estimates for the fourth quarter. 41 cents a share, 2 cents above estimates. Higher oil prices, spurred demand for drilling services. Slumberj, SLB is their symbol. And they are barely negative after some volatility on the open by about half a percent. We got this market turning positive. Russell and the Dow just went positive. S&P only three points in the negative right now. Yeah, Netflix we covered, Peloton we've covered. CSX, they're out with their numbers. They beat by a penny, 42 cents a share. Railroad operators revenue also beat. Sales grew across all of its business lines as customers sought to deal with supply chain challenges. However, a little bit negative as they noted a surge in expenses, the common theme. There's CXX, CSX down about 3.2% right now. Intel, yeah, here's an Intel one I want to get to. They're going to spend $20 billion in Ohio chip making hub. CEO explains plans in an interview with Time magazine. Intel's trying to catch up to Asia giants in chip making $20 billion is quite a price tag to go after it. The company expects to grow to be the world's biggest silicon manufacturing site, according to a person familiar with its plans. I mean $20 billion is a lot of money, but I think Taiwan semiconductor came out and said they're going to spend $100 billion over the next three years or five years or something like that. So the amount of money these chip makers have to spend just to be competitive is pretty remarkable. They're going to begin construction of two fabrication plants on a 1,000 acre site in New Albany, operational by 2025, so you're talking about three years. Time reported the plans earlier, signing an interview with the CEO. He said the company will use the location as a hub to research, develop it, develop and manufacture its most advanced chips and will have the option to expand to 2,000 acres and up to eight fabrication plants. Intel shares this morning, they are getting a little bit of a lift. They're up 1%, the market likes that. Now here's what I'll say about Netflix as well. They're trading at $399, right where they were, down 21%. The thing to watch out for in Netflix, because I'm thinking about it myself, I mean you got to imagine if you were looking to get into Netflix and I was, just even maybe long-term retirement wise, right, gets away from me to $701. They had this consolidation area from July of 2020 to basically for a full year till August of 2021. You break out of that, you're back to $400. As I put it, you're in a pretty nice area in terms of $400 being an area that you had a little bit of resistance back to even 2018. Maybe that's going to be an area of support that you've had a couple occasions for the better part of 2019. We saw prices of $386 almost on a couple occasions, but here's the thing that I'll say that's kind of out there looming. Netflix is struggling. The market's making them pay for that. Reed Hastings is an innovator, folks, that you cannot deny the way he changed the world. If you recall, when Netflix was first starting and they had their CD service, really remarkable that they built their company on CDs, which our children won't even know existed. It was so long ago, but when they first transitioned to streaming platforms, if you recall, first streaming was included and then they segmented it out. You had to either sign up for a CD service or the streaming service. Reed Hastings knew streaming was the future. There are going to be speed bumps. They needed to ditch the CD deal. They needed to start signing people up for streaming. They needed to start producing programs and spending money for streaming. If they decide to get into gaming, and this might be a catalyst, because I imagine they're sitting at their desk this morning folks going, okay, how do we turn this around? We're not growing the way we need to. Where do we find some growth? It's going to be international for sure, but you heard the executive saying we're not quite sure. So if they're not quite sure why they can't sign up as many international subscribers to their streaming services, they thought maybe one area is gaming. They've talked about getting into gaming. Well, maybe they really have some aspirations and they go out there and then they make a purchase into gaming. It might be a little bit of a turnaround time, but it's something to think about folks and so be aware that if you're getting in there, that is a possibility that you could see Netflix going out trying to really bolster their gaming. Maybe that's an area that they could provide more value to their subscribers. And maybe that's an area they could provide more growth because they need it after yesterday. And they're going to be thinking about that. And that's one area they've talked about they want to get into. Something to keep in mind. Netflix trading at 398 down 21%. 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Go to TFNN.com, then hit Watch Tiger TV. That's TFNN.com, then hit Watch Tiger TV. Welcome back, folks. So much for the market bounce. We're back to negative action. We get the NASDAQ 100, back down 130 points. S&P, excuse me, down 23. All the market's back in the red right now. Bitcoin, 38,000. We get Disney, down 5.5%. Negative with the market, but accelerating lower on the Netflix news. Now, here's what I'll give you on Disney. Disney, you back it up to the COVID lows of $79. You rise to 203 March of last year, 2021. We are now back to about a 50% run of that at 139.40. The 618 is sitting at about 126.42. Now, I'm going to back it up a little bit further so you can see the five years proceeding. 120, an area that we might have a little bit of support. Maybe that's your next stop, because we don't have much going on between about 120 and 140. Now, you're at the 50%. You're kind of right back to the area that you traded at on the first news of Disney Plus to give you some fundamental background of Disney. I mean, we're approaching areas, folks, before we even had any idea of what Disney existed like. One friend made a point that I agreed with is that Disney, if Disney Service, now they have kids in the house, if Disney Service was $19 or $20 a month, they'd probably cancel, but it's not, folks. It's like $7 or $8 a month. I think Disney made a brilliant plan. You know, as you know, I'm a Disney bull. But we're going back to an area, folks, that April of 2019 is when Disney even announced any type of plan for Disney Plus. Prior to that, they had talked about that they were going to create a streaming service, but the market had no idea. Were they going to make it $17? Were they going to go HBO Max-style and make it $20 a month premium? No, they undercut Netflix in pricing. The market loved the idea. They traded Disney from about $1.50 and up to $1.42 over the period of a few weeks. I'm just getting my bearings on how things went. Let me back this up again. Yes, so April of 2019, they announced those plans. They ended up being fortunate that they go public right before the pandemic. You pushed a $153 on the news that they had signed up X amount of people even before it began. Point being, folks, we are back to price levels that you didn't even know what the structure was going to be like on Disney, let alone the amount of people they've signed up. You're looking a little bit longer term. Boy, I encourage you to take a look at it at $138 because I imagine that $120 is going to have some real support even if it makes it down there. So maybe you start a partial position. Yeah, they're saying that they need an adult segment for the parents. And they do have adult. They got National Geographic in there. They have some other things that are included, but I agree. And they are not competing like Netflix, man. Kids themselves, right? You can fly around a million things on Netflix. The one thing that Disney does have that they're never going to lose is the Star Wars franchises. They get the Marvel franchises, right? They got Mickey Mouse. They got Donald Duck. They have everything that goes with that. That's a tough one for Netflix to compete with, but Disney's not getting it done in terms of the stickability. If you don't have kids, you're probably not sticking with Disney. So it's interesting to see. But this underperformance, this has a lot to do also with the parks and the movie theater business. Because you back things up to 2019. And Disney had, I believe, eight to 10 different movies that all grossed a billion dollars at the box office. They didn't have a single movie in 2020, and they ended 2021 with Spider-Man, which was the first movie since going back to the end of 2019. They'll be back to that business eventually, folks. So we'll see how it goes. All right, jumping around to what else we got going on. Let's jump to some of the fan favorite stocks out there. Tesla shares down about 1.7%. You're below $1,000. NVIDIA's had quite a pullback recently. NVIDIA 237, man. Check out this stock from 346. Wow, quite a pullback. You've now given back $110 on NVIDIA shares. We jump over to Zoom shares. The slide does not stop. Down to 154. You're down another percent on Zoom shares. We'll check out Netflix, see how they're trading. The slide does not stop on Netflix, man. 391 we just hit on Netflix shares. My goodness. You jump over to Roku, down 3.5%. Peloton shares getting a little bit of a lift, but that's a dead cap bounce in a big way over there in terms of up 6%, but well off the $32 it was trading at yesterday. In this market, talk about some two-way action. I'm going to put the NASDAQ 100 on a one-minute chart just for some quick action here. You just traded up 140 points, folks. Gave it all back within the first 15 minutes of trading. And we just bounced 80 NASDAQ points in the last three minutes. This market is trying to figure out which way it wants to go, and it just hasn't figured it out just yet. We jump over to the bonds. I mean, talk about a give back in yields, man. There is just action everywhere in this market, folks. That's a one-minute basis. So we just came up and made highs at about 9, 12 at the beginning of the program. We're talking about a 10-year yield that is now at 1.76%. We're approaching 1.9% on Wednesday. 1.76%, quite an exodus of equities, people flocking to the safety of notes and bonds in a big way. Excuse me. Over in Europe, big negative action on the heels of our negative action yesterday. Excuse me. Dax was down 2.3%. FTSE down 1.4%. Calcroll down 1.7%. Big numbers. Let's jump around and see how some of those meme stocks are trading. You get AMC down 2% these stocks. Talk about a rise and a fall, man. 17 bucks. You're going right back to 10 bucks, folks, on AMC. Game stock, 100. It's just remarkable. These poor people, they got caught in some of these equities. Hopefully not too many retail traders, but unfortunately, it's just been quite a ride on prices and lower prices indeed. All right. What else do I have pulled up here to chat about? We talked about Bitcoin. Yeah, Mr. Diamond gets a raise. Not too surprising there as he has led that bank. Remarkable. 2005, he has been CEO. And just like the analysts and associates at JPMorgan, he is getting a raise of 10% to 34.5 million for his work in 2021. We jump over to some of the banks today with yields pulling back a bit. Talk about a give back, man. JPMorgan, down again, you're at 147. You were just trading at 170. I mean, you just gave up $23 of price action in JPMorgan as they missed in a big way. Bank of America shares, you're down again. You were at 50. You gave up five bucks. So they're about 10% off where they were trading at. Wells Fargo has been the strongest one, but they gave up a little bit as well from 58 to 54. City really pulling back as well. Let's jump around to some of the travel stocks and see how they're trading right now. This market's ridiculous. Upwards and downwards we go. NASDAQ 100, down 130 again. There's your chart of American back down to the lows that we had in December on two occasions. Let's take out the three-year weekly. These airlines, man. Some max-paying situation. So interesting, American. You're right back at that 618. You topped out on two occasions of American at 26. You're back to 16, a 618 in the move, and you're back to this area that we had a little bit of support back in early December. Maybe that's an area for American. Quite a pullback this week. Delta shares also back to an area that we found a little bit of support in on a couple occasions for Delta. We jumped to domestically, JetBlue. Yeah, just remarkable. I'll place the slow clawback in these travel stocks. We jumped to Carnival, the cruise ships. Probably nowhere slower. Carnival down 2.5% again. Norwegian down 2.9%. Boeing shares down 2.7%. So much for being out of the woods for Boeing. Boeing shares this week alone. From 230 to 208 for Boeing shares. All right, folks, stay tuned. It's Friday. We're only 20 minutes into the trading day. We get the S&P negative 21 points. NASDAQ 100, negative 130 now. Stay tuned, folks. I'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 in technical market analysis. And it's not just dry tedious text, either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. 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Your investment is for four years, paying 7% per year or $7,000 per 100,000 invested. Your investment is secured by high-value real estate in St. Petersburg, Florida. Your investment can be anywhere from 100,000 to 500,000. Do you want to make 1,000 per year on 100,000 invested or 7,000 per year on a secured Tiger First Mortgage? The Tiger First Mortgage Program may be just the program for you. The Tiger First Mortgage Program pays 7% per year, paid monthly. For more information, you can call 877-518-9190. That's 877-518-9190. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Welcome back, folks. Markets continuing to escalate to the downside quite a week, and it's not over yet. We got the S&Ps down 30 points right now. That's a solid. What are we talking about here? 710%, 4444, Nasdaq 100 down 1.24%. I mean, look at this give back, folks. We're 600 points away from where we were trading at. No, we'll be exact here. We're 750 points where we were trading at February of last year. Well, 750 points, folks, for some context. We're 1,000 points lower this week. We are almost going to give back the entire, from February, a year's gains in the market just that quick. Now, you want to talk about some pullbacks, man. Kathy Wood, talk about falling out of favor. She's about to give it all back from COVID. You're trading at $74. You're down 2.4% for her fund. Some of those tech stocks, man, they're just getting pummeled. $60 is where ARC Innovation ETF started the pandemic. You're trading at 74 after being at 160 early last year. All right, folks, stay tuned. We got live programming today. We got our man Basil Chapman. He's live coming up next, folks. I encourage you. Basil does an outstanding program on his newsletter, The Open and Call. You can check that out right under the Newsletters tab on the front page at tfnn.com. I'm talking about it specifically because Basil, sometimes, I don't know if he's going to do it tomorrow. Maybe he's out there listening, but he puts out videos for subscribers on Saturdays, folks. They're outstanding videos. I watch them myself at some point on Saturday over the weekend to get a feel, just as an example. If you sign up for The Open and Call, Basil's service, okay? Last weekend, this is what he put out. You can go check that out before you even wait for this weekend. All right? He's in there talking about it. 51-minute video, folks. Basil put out for subscribers last Saturday for the overview of January 15th, let alone when you sign up for The Open and Call. He's got a bunch of great archive webinars in there as well. So check that out. Check out any of the services, folks. You can check out multiple if you want. Check out my newsletter, Rocket Equities and Options. You got our man Dave White out there with Path of Lease Resistance. 30-day money-back guarantee for all of them, folks. But I talk about Basil because, man, he does an awesome job in those webinar videos. They're basically a full webinar, folks, that he puts out on Saturdays. 51-minutes last weekend. You can check that out as well as, of course, gaining access to the daily updates as well. All right, folks, we got quite a market. So much for a two-way market. We got negative action, and it's picking up to the downside. S&Ps making session lows right now at 44.38. Stay tuned for our man Basil. He's coming up next. Have a great weekend, everybody. Thank you.