 The following is a presentation of TFNN the morning market kickoff with your host Tommy O'Brien Good Friday morning everybody. I'm Tommy O'Brien company alive from TFNN jobs Friday and quite a number you catch a print this morning folks And you're talking about a print of 528,000 jobs added in July the estimate was for about 250,000 jobs We have an unemployment rate back to 3.5 percent labor participation rate is down But you're talking about 500,000 plus jobs added you're talking about an unemployment rate at 3.5 percent You're talking about that. We are now back above Employment levels coming into COVID granted. We're talking about two and a half years ago So there should have been jobs created coming into COVID over the last two and a half years if you were on the same trajectory Nonetheless, we've gained them all back and we lost tens of millions of jobs So it's pretty remarkable the cycle that we've gone in the last two and a half years the economy still chugging along Boy, I know we got two quarters of declining recession, but I think we're all getting a lesson as to why that Statistics may not be indicative of a recession whatever is going on There are various factors across the board in this economy But when you're adding half a million jobs every single month and you have an unemployment rate at 3.5 percent Very difficult to call that a roaring recession as we come into inflationary numbers next week for CPI And you get the markets reacting the Fed said it folks and I've been talking about it All Chairman Powell said last week was we're gonna listen to the data The data has been horrible when it comes to forcing the Fed's hands to high grades this morning lines up with that as well Pretty remarkable that I say the data has been horrible that data has been horrible if you're hoping the Fed Doesn't need to hike rates. Okay, that has been great if you're talking about the economy man 500,000 plus jobs 3.5% unemployment Declining workforce we'll get into that in a moment that one probably not healthy Nonetheless, it's forcing the hand of inflation, right? You have labor participation rate down You have 500,000 plus jobs being added Wages gonna play into the role of inflation when you are fighting for human capital as many companies are right now in A big way. All right, let's jump over to wow We'll kick it off with the markets S&Ps down 40 points right now. You're trading at 41 12 We were as high as about 41 60 overnight yesterday early. You were 41 73 We come into that number right at about 41 60 and you drop 50 points just like that Nasdaq 100 You're off 1.35 percent 13,000 144 You got the Dow off six tenths percent and the Russell off just more than 1% crude Hang in comfortably at about eighty eight dollars. That's gonna have some deflationary pressures crude 88 33 Down from 96 bucks just about 48 hours ago man that crude market gold gives back some of the gains We've had man gold up to 1812 yesterday. You're back to 1783. We get action all over the place How about the moves in notes and bonds right now folks? You are talking about a 10 year of 2.81 percent. We're right back man. That's the third year We're down two full points right now in the third year at 141 and you're down over a point right now to 1 1908 We're pushing right back to where we were in terms of pushing 2.8 percent right now 2.81 to be exact the yield on the 10-year We're talking about higher rates coming at you folks with the S&P's down about 43 points coming into the opening belt We jump over to the volatility index this morning There's a little spike for you up to 2251 on that vixx We come into that number at a pretty relatively reasonable 2150. I mean for all things considered folks look at this vixx action All right, just zooming on this calendar year There's December 31st. We got a spike to about 39 in January get a spike to 38 in February Back up to that area in March you subside for the bit of pot of March in April back to 36 in May back to 35 in June Right July we don't hit any big numbers July one of the only months actually you make it through the entire month Right because early March we had a big number in there Late April you were already up to 34 March April May June no July spike and we come into a number that basically says 75 points is coming at you folks Now we get CPI next week. That's going to be a big number probably Even more important than it was coming into this number now that all the expectations are going to be Hey, man, the Fed said they're data dependent. We got an unemployment rate of 3.5 percent We have an economy adding 500,000 jobs in the last CPI print folks was 9.1 percent now here's what's going to happen. We're going to get the CPI print next week We're going to get that print for July. Okay, July when you look at energy Prices as well. Yes. Okay, those numbers have come down. But again, this is delayed data. Okay, we're getting numbers for July It's already August 5th now July You kicked off July at about a hundred and ten dollar crude and it's been a slow side slide the whole entire month Okay, so you're not going to see as big of an impact as we're seeing right now with crude under 88 dollars in terms of The impact it may have you are going to see an impact But what's the core number going to be because the Fed focusing on core as well You take out food and energy more volatile as they've said the core number, especially the energy side Okay, because the Fed's not going to be able to control oil completely But they're getting a little bit of help right now with crude under 88 dollars But we get CPI next meet man and you better watch out for that number Because this market's going to be jittery at 4100 man. I mean all of this optimism folks. Okay Let's pot tie it back to last week. All right, I got to go back 10 days. We're gonna take a 20 day. Okay, we go back Let's see. Where do we kick things off? That's this week Yep, and here is the beginning of last week essentially we came into the big week of tech earnings We came into a Federal Reserve meeting at about 39 76 the earnings went just about as well as they could have the Fed meet Went just about as well as it could have as well But when you think about where we could have been on that market Sorry, I got a little distracted there We are still a hundred points above where we were at coming into that Fed meeting folks And if the Fed had said hey, I think we're gonna get 500,000 jobs added For next month if the Fed said hey, I think we're gonna have 3.5 percent unemployment If the Fed said and we're gonna hike 75 basis points I think the market would be in a lot different place And I don't think it would be sitting at 4,100 right now as the markets continue to slide it Maybe a dicey open folks. I mean, that's where I put in some context here. Okay There's your Fed action folks. Okay, there is the Fed pop that we got from 39 74 5 last Wednesday All you have to do is trade back to where we were there and You're talking about 125 points from where we're at right now S&Ps can give up 125 points from where we're at right now and you're sitting just shy of 4,000 coming in to a 4,000 price point meanwhile going into that number, right? The market had no idea what we were talking about in terms of talking about the jobs number If you ever told the market you were gonna get 500,000 jobs added and You were gonna have 3.5 percent unemployment and you were gonna have the Fed has to be continuing to operates I don't think the market will be sitting at 4,100. Okay CPI gonna be a very important one But you can't deny these numbers folks 500,000 plus jobs added and we're talking about 3.5 percent unemployment That's not what the Fed wants to hear folks And so if they get a high print on the inflation watch out in a big way It'd be pretty remarkable if the conversation started shifting again to a full percentage point hike, right? Don't count it out man If you're not pricing in the probability that that is at least a probability above zero folks It's a probability above zero. All right 75 seems like it's baked in everyone's saying right now Well, 75s baked in and we don't have a Fed meeting for almost two months You better believe a points in in in play folks. Stay tuned. I'll be right back folks Vista Gold owns and operates the largest undeveloped gold project in Australia the Mount Todd gold project Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista Gold has all major permits approved and has retained CIVC capital market assistance in evaluating alternatives and in completing an accretive Transaction Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC Vista Gold executing a strategy to create shareholder value 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 Pesavento 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 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 nothing to worry about visit tfnn.com and try mastering Probability 30 days risk-free today tfnn educating investors tfnn has launched the tigers den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The tigers den available to all tigers and tigers for just one dollar for the year There's no catch or added costs 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 Welcome back folks. We get the s&p's right now negative by 44 points. We get the nasdaq 100 negative by 201 That's a little distracted there Unfortunately, we have coven in the house yet again. Uh, so we got our five-year-old catching coven looks like tested positive last night So of course we got tommy here as well. I'm fortunate working from home. Uh, we got the five-year-old He's watching his cartoons in his bedroom. We got tommy watching a few cartoons as well, but I may have to jump around folks Uh, tommy turn in a year and a half Year and a half three days ago. Can you believe that remember that folks a year and a half just like that? Hopefully everybody. All right We had covid last february right around his first birthday the five-year-old actually the only one that did not test positive He's doing okay. He's just got some sniffles some coughs But nonetheless it's cool season just starting right now So you can see the impact that it still has i'm very fortunate to be at home right now Working from home the kids old enough that they might be able to watch a cartoon for about 30 minutes Maybe 60. I got a live stream of the bedroom going up right now Just keeping tabs of them a little multi-tasking to say the least Of you see the impact because if I was not fortunate to have that ability, right? Uh It would throw a hamper in the jobs that that i'm performing etc And you see that hitting people across the board. Um, my dad's dealing with it right now in real estate He's got people out talking about contractors. He was talking about he's got to find somebody else to hire Just because of the normal cycle of people being out being sick Um getting kicked out for a couple of weeks our man larry pesavento same deal now larry He expects to be back on monday folks. We expect to have him back on monday He's feeling better every day just a slow road and on monday We got a little bit of a time change going on so larry and steve They're going to be swapping slots starting monday. So steve rhodes will be doing the Trader's edge live every day at 11 a.m larry pesavento beginning on monday. He'll be doing his program Trade what you see live at one o'clock p.m. Eastern time every day I'll kick it off at nine our man basil at 10. We'll have steve rhodes at 11 We'll have fast market at 12 larry at one david white at two tamo brand my dad live from three till four So steve larry switching it up. They start on monday. Uh should be an interesting one and we go from there Okay jumping back into that jobs number real quick some of the action we're talking about I mean, this is going to be your mainstream take and I don't know how you disagree with it folks for the fed It doesn't even matter who's saying this it's going to be the mainstream take This is eric. Theorette. Maybe global malgrove strategist at manual life investment management for the fed This report confirms the need to continue tightening and also endorses much of this week's fed speak that's sought to joe Bone jawbone rate expectations for markets the report may chose may pose a challenge For rate sensitive equities like tech which recently had been leading in terms of sector performance. That's putting it lightly, man Uh, now you get into some of the other data in here. There's some data points. They're talking about this is a live stream from from bloomberg here Uh There were a couple data points. Where did I just have here? Here we go labor force force Participate labor force participation rate. This one's going to get a lot of attention lower than anticipated 62.1 percent in july from june's 62.2 percent. So labor participation rate actually going down When we have unemployment at 3.5 percent and you have wages rising and you have inflation rising Will add to concerns about the tight u.s market and the climbing costs of finding and keeping workers and remember one of uh One of the comments that somebody had made a while back talking about jet blue and spirit Uh in the whole acquisition going on there trying to buy spirit and frontier Is that part of the reason that that spirit is so attractive right now is that you buy an entire workforce of people Imagine that that's part of the attractiveness of growing of of buying a business is buying all their workers and getting them It's a real deal going on right now in this market though All right, so we have jobs. That's going to be the the big theme, of course For the session, uh, but let's jump around to some of the equities going on this morning Expedia they're out with their numbers travel up 5.4 percent in the pre market We'll see how they're doing though after these jobs numbers man They beat on the top and bottom line in the latest quarter travel demand strong lodging revenue up 57 percent from a year ago a year ago is a different time man airline ticket revenue up 22 percent gas prices flying you better be getting more money In terms of that and you spike to 112 we give back some of that of course with the market reaction with the s&p down 23 points Also had square out with their numbers last night Disappointing from about 90 bucks. You're down to 83 Uh square up there. Yes, they are Better than expected quarterly results, uh, but the 34 drop in revenue in its cash app unit Looks like that might be freaking things out a bit lift their op after uber had rallied earlier last week Was the last week or this week? No, it's this week time is flying. Yeah uber had their numbers tuesday Quite an acceleration. I mean look at the move man. Even tuesday they finished a 29 bucks You finished yesterday up almost another 10 to 32 You're giving back some of that today, but lift had their numbers strong numbers from lift as well Now look at lift lift came into the uber earnings at 14 right came into their own earnings At about 17 and still they're trading higher up about a dollar for lift Unexpected quarterly profit that'll do it folks ridership rise to the highest level since before the pandemic helped by cost controls as well interesting all these these uh gig economy door dash Quite a quite a spike and they give it back 10.3% they were up raised the forecast for gross order value a key metric wider than expected quarterly loss but revenue above wall street forecast I bet it's all gross order value because well, it's not Okay, it should be in the long run for a company like door dash because I imagine they'll figure out how to make money If they're pushing that out to the public, but they're dealing with Uh some margins in a big way man when you talk about ride delivery and the fees and you may see some pressure on those fees Man as people have to save each time when when prices are rising across the board I'm making changes myself in my own life, man I was using instacart a lot Using instacart less so now because the fees are just too much man on some of those grocery orders You add 10 percent to the order then you have a fee then you add a tip right and the tip You got tip that people delivering man and the tip gets added on the higher Number that's a base So it's a tough one in a big way draft kings They report better than expected revenue and adjusted earnings raise full year revenue draft kings now They were up earlier this week catching a bid from massachusetts passing legalization for online gambling Uh draft kings up about a dollar dollar fifty maybe even even with a weak market right now on their numbers Raising the full year forecast amc It's going to issue a stock dividend to all common stock shareholders in the form of preferred shares Wider than expected quarterly loss There's the one to pay attention to don't get caught up in the meme stocks folks thinking it's a long term value play Who's calling me Uh Taking a look at emc amc in the daily We're back to about 17 bucks right now if you remember folks people saying where does this thing really belong This thing probably belongs to about five or ten bucks right up to 72 back to 18 quite a roller coaster Uh, you're gonna open down about a buck 60 on that equity as well. There's your action on amc Yeah, I mean some of those meme stocks right Gme game stop down about a little bit of a dollar All the rage right now Amt holdings up to 2,500. You're still at 850. I mean, you know, you think this thing's pulled back folks Do they even cover this thing? I think you're talking about a market cap like a hundred billion dollars still something that is just Not reasonable to put it lightly What else we got wonder brothers discovery. Yeah So Quarterly loss and revenue that came in below Forecast now they've been in the press recently because they make slashing movies all over the place, man Yeah 1765 down to 1460 they missed in pretty epic proportion right now Probably a reason why they're cut and cost dramatically. We'll talk a little bit about that when we get back We got the opening bell folks. Stay tuned. We'll be right back Time of glooming inflation. We are purchasing powers eroded. 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Uh, we'll see how it holds up right now microsoft shares Giving back about 1% look at microsoft catch a bit on the open though This market definitely doesn't fall off a cliff within the first minute of trading which it could have on some of those numbers folks Uh, you almost can't overstate how strong those economic numbers are For an economy that's supposed to be calming down to help tame inflation not exactly what's happening man the big way Amazon shares down 1.1 percent. They've had a recent run. Uh, look at these stocks catching a bit on the open though right now To jump over to google shares. Whoops go g google down about 1.25. Let's jump over to arc Yeah, I expected that to be fairly volatile They've had quite a run recently down about 3.6 for arp some of their biggest holding zoom down about 2.8 percent Roku shares down 2.8 percent. She's got some draft kings as well up 8.5 percent in there Um, and what we're just talking about water brothers discovery. They continue to drop down 16.7 percent man That one in big trouble in a big way. Let's see how some of the other companies that have their numbers are opening Door dash I mean strong numbers man, but you're only up 4 percent markets getting clobbered I guess so that would play into things but door dash up above 4 percent of their numbers to 83 82 this morning Uh, and what else are we going to jump around to let's see what do we got pulled up here? So talking about some of the jobs numbers breaking into some of the numbers that I was looking at as well Wage growth surge tire Not going to help inflation folks average hourly earnings. It helps consumers though You know, it's a double-edged sword in in every single data point we have right now Of course, we want wage growth because wages have not kept up with inflation But if you get wage growth right now, that's not going to calm inflation, okay Wage growth surge tire average hourly earnings jumping 0.5 percent for the month and 5.2 percent from the same time a year ago Now remember 5.2 from a year ago wages are growing man But the last cpi print we got was 9.2 percent I believe those numbers add fuel to the inflation picture that has already has consumer prices rising at the fastest pace since the 90s Uh, the market was only looking for 0.3 percent monthly wage gain Those wages man leisure and hospitality led the way and job gains 96,000 professional and business services 89,000 health care 70,000 government payrolls 57 goods producing industries Uh with construction up 32,000 manufacturing adding thurs 30 Yeah, the best number since february and well ahead of the 388,000 average over the last four months I mean just crazy. Who was thinking 528 man? The number was 250. Maybe you come in at 350 Maybe you come in at 450. Maybe you come in at 200. No, we come in at 500 000 plus We got 3.5 unemployment Kind of harping on it folks because listen to the numbers. All right, the feds said they're going to listen to the numbers Are you listening to the numbers? I'm not even sure this market is listening to the numbers yet sitting at 41 20 in the s and p So we're just back to where we were on wednesday Right, I mean it seems like on wednesday when the market was at 41 20 If you said in 48 hours, we're going to get these types of numbers And you said will we be higher will be lower? I don't think many would say While we're going to be right where we are right now sitting at 41 20. There's almost no pullback in this market In the context of where we've been where we've come from Taking a look at the s and p's we're sitting right at a 50 percent of the run that we had now That's not the full run. That's the acceleration we had from basically the march 29th highs Beginning of april when you had the s and p sitting at about 4600 Okay, we're sitting at the 50 percent line We're right bumping up to the area folks that we were trading at when you're talking about late may early june That's going to be an area of resistance the 50 percent line Uh, we'll see where we go from there now the naztac 100 you take it off the full Acceleration first of the year we're bumping up against the 3a 2 line Also an area you had a little bit of consolidation back in early may Also an area you had a little bit of a consolidation an area of support In the middle of march they could turn into potentially an area of resistance We're going to find out man, but nonetheless You got the naztac 100 up 2000 points from the lows of just the middle of june and really no pullback We're going to go green folks. Are we going to go green? Why not? Let's go green on the day that we find out the data that's going to force the feds hand to go 75 basis points If not a full point, you're going to hear the conversation of a full point now. We get cpi next week Okay You're not going to hear it Empathically until we get that number if it agrees with it Okay, but you better believe that the fed should be thinking about hiking interest rates a full point if We continue to add 500 000 jobs a month folks And we got an employment at 3.5 percent and we have inflation at 9.1 percent, right? I expect inflation is going to come down from that number. We have some Real help on that number because we're talking about inflation. Kevin Hinks has talked about it many times You got to look at where everything was the last time we got cpi Excuse me You know look at the june numbers folks of where we were june kicks off with crude at 117 And the month ends with crude at about 111. That's the last cpi number We got look at what cruise done since july 1st Straight down. Yeah, we have some crazy bounces man, but you're talking about lower lows and lower highs so the energy part Of the cpi is going down Okay, it is happening and it's probably going to continue to happen through august if we get this drop as well Okay, so we're not going to see as big of a headline number I wonder what's going to happen to the core number though. Watch that core number, man Because these energy prices the way they've been moving They're going to distort the top line number, which is why many have been talking about Is the fed going to focus on the core number and they just might okay? They just might because they're not going to take credit For crew dropping to 87 dollars just because they hiked rates by 75 basis points. Okay That's not the impact they're having when you have jobs getting added 500 000 and you got unemployment at 3.5 percent man 3.5 percent. We got them all back all those jobs Absolutely remarkable All right, what else we got pulled up here in terms of data points. Let's see What are we going to jump through? Oh, we'll keep amazon in the press interesting here how they're going to go Roomba vacuums 1.7 billion dollars animal animal amazon will take that product. Thank you They're buying iRobot, which makes the Roomba vacuum all cash deal all cash They don't want to give back any of the ability to reap the benefits to those iRobot shareholders. They're doing it in cash And yeah, best known for the Roomba 1.7 billion dollars They have more items than that uh home cleaning robots like mops and lawnmowers Man amazon folks They're just taking over the globe and i know i'm biased because i got a little amazon in a retirement account amazon basically trading with the market down about 8 10th percent today But you look at what this equity is doing folks I mean they are taking over the robotics within the home and this one just makes sense Deep in amazon's presence in consumer robotics, right? I mean, there's no reason why they're not going to have everything in your In your home talking to you moving shaking, right? Your coffee maker is going to be talking to your fridge That's going to be talking to your toaster maker. It's going to be talking to your kitchen sink and your vacuum and your lights all at once um yeah amazon made a bold bet on the space last year when it unveiled the astro home robot 1500 bucks Yeah, they're gonna have plenty of items coming out. I bet you stay tuned folks. We'll be coming right back This coming wednesday august 10th basal Chapman will be hosting an all-day live webinar from 9 a.m. Till 2 p.m. Eastern time Well, he'll be presenting the technical tools based on the Chapman wave methodology a full in-depth course on his entire trading system Over the five hours of live education basal will discuss studying and practicing entry and exit points Assessing where to add or subtract from positions utilizing simple technical tools for holding positions longer Taking bear charts and adding notations tools and patterns as well as identifying three core formations that repeat in every time frame And much more when you sign up You get a chart booklet emailed to you immediately to start studying and you gain access to his daily newsletter the opening call A $149 value the cost to attend is only $295 and the full five hours will be archived Don't miss this live special event wednesday august 10th with basal Chapman for all the details and to get started Today visit the front page of tfnn.com right now The technology around us is changing every day with so much happening It can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information You need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only $37 and 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee tfnn educating investors Build the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s directions daily s&p 500 bull and bear Leveraged etfs Direction leveraged etfs An investor should carefully consider a fund's investment objective risks charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares To obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com A fund's prospectus and summary prospectus should be read carefully before investing An investment in the funds is subject to risk including the possible loss of principal The funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Welcome back folks. We have the s&p is negative by 27 points right now You're trading at 41 25 all the markets catch a little bit of a lift on the open But I imagine you're done with the fireworks just yet folks Uh, we got quite a day in the markets are only 12 minutes into trading right now And we got a man basil Chapman coming up next and as he would say folks the day is young And if you heard the ad out there folks basil he has put together an outstanding webinar going on talking about his entire trading methodology It's taken place this coming wednesday august 10th from 9 a.m. Till 2 p.m The Chapman wave with methodology Technical tools based on basil's Chapman wave methodology explained live a detailed all day online course with live charts He's going to be in there folks teaching you live for five hours his entire trading methodology talking about notating charts Entry and exit points. All right. He's got the whole topics. He'll be talking about here among many others And when you sign up you instantly gain access to the opening call his daily newsletter That's 149 dollars right away You also get an emailed booklet with Chapman wave key techniques that you can go over starting immediately Okay, the cost to attend is only 295 dollars And you get 149 dollar value in the newsletter itself folks So you're paying less than basically a one month cost of basil's newsletter to attend a five hour trading session Excuse me not trading session methodology. Okay training session In terms of basil's entire methodology And the one thing i'm going to pull up and show you folks is that when you sign up for basil's Webinar you gain access to the opening call and when you gain access to the opening call What you gain, okay are the opening call archived webinars now basil's got Tons of webinars in here that you can gain access to by signing up for This webinar that he has taken place on next wednesday I'm just going to scroll folks. He's got a webinar. He did a few months back in there on april of 2022 october last year All right, he goes in dressing up the charts in the Chapman wave a methodology webinar there as well He goes into the chart formations that worked on 2020 and how those apply Technical tools that have produced strong gains in 2020 the dark new cloud news cover You can go over all these folks, okay? There's something to learn in each one of these webinars You gain access to all these the moment you sign up for basil's webinar taken place next wednesday You get his opening call for a month. You get the email chart booklet and you get of course His five-hour webinar taken place next wednesday that will be archived You can watch it as many times as you like and basil folks. He's not only a brilliant trader He's a great educator, right and what is so cool is that you got to kind of have both parts of it All right, there's a lot of great traders out there, but i'm sure that maybe they just don't have the skill set to convey that knowledge in an appropriate and the best manner to their students To transfer as much knowledge as possible and basil is a great educator the way he walks through his presentations folks He takes your questions live during the presentation or afterwards Uh, it's an outstanding webinar I plan on checking it out for as much as I can for next wednesday's action outside of maybe doing my program And taking care of a few things but head on over to the front page You can sign up for that two hundred and ninety five dollars and as I said you get the opening call immediately Uh, and you get of course access to those archive webinars along with wednesday's webinar going on from mr Basil Chapman and he will be up next folks And uh, as we said the day the day very young on a day like today, man There's hot takes all over the place folks on a day like today And boy, we're gonna find out where we go. That's for sure All right, let's jump around see what else I had pulled up here. I talked about amtd holdings All right, you talk about losing money Uh, let's see how they're trading right now before we jump into this thing because the numbers are pretty staggering Uh, excuse me. That's not it. I mean they can you imagine being amtd? They must not be happy with this man because the symbol is hkd folks and it is amtd holdings Okay, so it's up eight point seven percent today, but this equity How much did they lose? 150 billion plus 163 they lost. Okay in the pink here is market value lost since the peak 163 billion dollars that alone is bigger than companies like intel morgan stanley goman sacks And that's not as big as how much of those companies have lost. No, that's as big as the entire company. Okay That's a that's akin to every intel shareholder over the last two days losing every penny they invested To kind of put into context how much wealth has been created and lost in the span of a heartbeat on some of these meme stocks Uh, it is basically a game of hot potato I used to say from millions now it's for billions. Okay, and that's all it is folks this company 25 million in revenue for the year ended April 2021 Yeah a far cry from the companies they compare it to Uh, whether it's like berkshire hathaway jp morgan, etc with market caps actually under where that company is trading at Be careful in a big way of that one folks Now pretty remarkable. We've got the market where it is when you look at what's going on right now One of the things going on is tensions with china man. They send warships near taiwan. They cut off defense talks with the us This has to do with speaker of the house polosi visiting taiwan highest ranking official to visit there in decades Uh, I mean pay attention to that folks. Okay, we've seen how geopolitical tensions can exceed the market expectations when it came to russia Russia and china are buddies Okay, um So don't be surprised if Things ratchet up a little bit more beyond maybe the market thinks that is possible as you have warships near taiwan Last thing we ever want is some type of a missile or something escalating things over there But this is how potentially that could play out when you got warships near taiwan, man Um provocative military drills Yeah, the most product provocative in decades and they cut off defense talks with the us relations between the world's biggest economies deteriorate. Yeah um firing missiles over the island of 23 million if you're living on that island, man Tensions, whoo, you better believe that they're playing a real role in what's going on there Market not really pricing it in in any real dramatic way though All right jumping down the line some of the other equities with with action this morning Beyond meat. Why do the expected loss this company revenue missed estimates just keeps going Uh, they're gonna lay off 4% of their workforce b y nd is their symbol Look at that thing. What's going on here? Looks like the market likes that. They're gonna be cutting costs potentially It was lower. They catch a little bit of a bid right out of the gate right now. Look at that thing Remarkable. What's going on beyond wouldn't I mean, you know, yeah Percentages on small numbers. What do I say folks can be deceiving you're up 16 percent right now But all your you're back to is 36 bucks and this thing Was trading at 239 What's this number 197 And pushing 221 Let alone the slide really began Just over a year ago at about 152 you are up from 20 bucks on the low And jumping over we're talking about a company right now with a market cap of 2.3 billion dollars Maybe that's a little bit more appropriate than when it was pushing some big numbers at lofty levels for beyond meat Carvana catching a bid Aggressively cutting costs as it prepares for a possible economic downturn this company, man CVNA Talk about a rise and a fall the market loves that we're seeing we're seeing some big pops on companies They've gotten punished man in a big way. They're gonna be cutting costs There's your acceleration on their numbers up to 41 bucks But as we say percentages on small numbers can be deceiving you came into the year at about 250 You were at 376 last year. You're up a hundred percent from where we were Less than a month ago You're still sitting some pretty dicey levels for carvana. Stay tuned folks s and p's only down by 25 We'll be right back to finish up the show TFNN has just launched their new trading room the tiger zen hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the tiger's den available to all tigers and tiger's for just one dollar for the year There's no cash or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o bryan and the other TFNN hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members Exchanging ideas interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action All trading day even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of TFNN dot com 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? 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We're gonna be up here. Yeah, you see yourself Please go now Landon Mason up doing my show please my goodness We got kids everywhere here folks Uh, there he is There's the guy You see yourself We're doing a little fun at the end folks. I know he's got his blanky He's got his pacifier. Huh? You see everybody you're gonna say hi You're gonna say hi to everybody We got we got one kid running around the coven in the house We got another kid here, and we're doing our show folks, and that's how you make it happen Huh, and tell me what's to run around tell him you go run around Oh, what do you got over there? Oh, is that the hat is that your hat? Yeah, you got everything, huh? Okay All right. Well, I just wanted him to say hello for a little while We're gonna get him back on the air. He's turned into a big man. Huh, buddy. You're tired He's tired. You might be a little tired He's taking big naps now folks At a year and a half about they they transitioned to from two naps to one nap He did that about a couple months ago So he takes one big long nap for about two hours in the middle of the day You gotta love it folks little kids. They keep you alive. They keep you fresh They put everything in perspective man You gotta love it, huh? You say hi You're telling basils up next he wants he wants to jump on the keyboard tell him basils up next Check out basils webinar on the front page of tfnn.com You can sign up during the break and you'll attend his five hour webinar taking place next Wednesday right We'll have to get some music going someday folks because he loves the dance Yeah Can we growl? Can we growl? He said he said he said he said he said he's tired. He said he said Where's your target? Where's your target? Whoa