 The following is a presentation of TFNN. The morning markets kickoff with your host, Tommy O'Brien. Good Monday morning everybody. I'm Tommy O'Brien, coming to you live from TFNN. Just after 9 a.m. Eastern time, we got about 24 minutes to go until the opening bell. You have markets slightly in the red this morning as we kick things off quite the Friday to say the least, man. Markets just missed 5,000 on the S&P Futures by about a couple points before you dip lower into the close this morning. We're negative by about 14 points right now. That's about three tenths percent of the red for the S&Ps. You're negative in the NASDAQ 100 by about 27 points, trading 17,705. That's about one tenth percent of the red to get the Dow off 114 points, 38,652. We missed 39,000 by just about 108 points on Friday. We're trading down 112 with 38,653 in the Dow and the Russell, particularly with Qualitile as usual, check out the Russell. Talk about lagging, right? 1949 on the Russell, even on the acceleration on Friday, didn't even get back to where you were before that jobs number on Friday, man. So you check out that dichotomy, what's going on in the indices. Bitcoin, back up 550 bucks, 43,735. You got crude. How about that one, right? 7151 this morning for the price of crude, excuse me, for the price of crude. You talk about a pullback, man. You jump over to gold. Now we got Chairman Powell up there last night on 60 minutes. If you didn't check it, it's worth checking out, man. Interesting interview. We got the gold contract down $21 at 2032. I referenced that because we're gonna get to yields. And what do we got for yields? Not sure what that's popping up. Lower price, higher yield, coming at you. Just like that, man, as everybody kind of adjusted what's going on with the Fed. How about 4.12% just like that, man? 4.12%, just like that as treasury yields climbing once again on Chairman Powell's words. I referenced Powell with the gold contract because anytime, folks, you're gonna have what? We're gonna have lower price and higher yield. What's that gonna do to the dollar? It's gonna put some strength in the dollar, man. The dollar, 104.36. And that's the reason why you're seeing some negative action in the gold contract this morning at 2032. What I will say is it's been quite a recoil. We're down two full points in the 10 year from where we were just on Thursday, market getting a little bit ahead of itself as usual. And let's jump over to the headline. So I was listening to this last night actually driving around in the car and I was listening to Bloomberg Radio driving around in the car and Bloomberg Radio, they had Asia Daybreak on which is pretty cool. Breaking into the Asia session of course. So I'm listening to that between about 6.30 and 7 and they start referencing that Powell's gonna be on 60 minutes and I say, oh, that's cool. And then they got the transcript, I believe, probably right at 7 o'clock PM Eastern time when 60 minutes began. I flip over, was able to put it on and it was pretty cool listening. And yeah, strong words from the chairman. Reiterating that a March interest rate cut is unlikely. He didn't say anything too surprising as opposed to what he said on Wednesday at the press conference, right? Pretty interesting. He decided to do this right on the heels of kind of a surprise, right? To put it lightly in terms of how adamant he was that they are not gonna be ready by March in his opinion. He left a little bit of room. I think the jobs number on Friday closed that door for the March opportunity, which is why you're seeing rates adjust this morning. And one thing I wanted to get to, so I pulled up his, let me find it for you. Here we go, I got it. Sorry. Here we go. I pulled up his entire transcript, okay? And I wanted to focus on one thing that caught my ear when I was listening to it in particular, okay? And this is where his mind is at. And boy, we're not quite there yet, which is interesting, right? And so Scott Pelley, great interviewer. Like I love his interviews. He usually does a great job. He did a great job last night. What I loved about is, you should check out this interview, folks. Go find it. I believe 60 minutes. I'll try and find it and post it in the den. Scott Pelley, his questions were so concise and so clear. And he is speaking to an audience on 60 minutes that is not always financially literate as the audience out here, like you guys and girls listening right now. And I thought it was so great how he was so clear with a lot of his questions. But anyway, so he gets into it. What's the danger of moving too late, right? They're talking about a recession, of course. And he mentions you disappointed a lot of people on Wednesday, okay? And what he was talking about, Paul was saying, we just wanna get a little bit more confidence that it's coming down in a sustainable way toward our 2% goal. We've heard all this stuff before, right? But what I found interesting was this last part, okay? And this is what Paul says. Here's the quote. We're very focused on our jobs. We're focused on the real economy and doing the right thing for the economy and for the American people over the medium and long term. And I can't overstate how important it is to restore price stability. By which I mean inflation is low and predictable and people don't have to think about it in their daily lives. That one I was like, well, geez, we're not there, man, right? In their daily economic lives, inflation is just not something that you talk about. That's where we were for 20 years. We wanna get back to that. And I think we're on a path to that. We just wanna kinda make sure of it. Boy, when you put it in that context, right? Predictable, not even that it's low, that in no way in your mind are you thinking that the price of those eggs, bread, milk, whatever it is, goes up in the next year, two years, three years. And so I found it interesting that, and you look at it on that aspect and yeah, they're not quite there because there's no way everybody's that confident, man. And that's what they're afraid of. And the data Friday shows the fears in there in terms of what? Wages growing up 0.6% on Friday, right? Now, things can be volatile, especially in the month of January. We had some volatility a year ago in January and things cool off in February. We'll see where we go from there. But nonetheless, strong words from the chairman last night, found it interesting. He just kinda reiterated the case that he made on Wednesday, almost strong or so. And you're seeing the market react this morning with the tenure trading to a price where we got a yield approaching 4.13%, just like that, man, pretty remarkable. Now, jumping down the yield curve a bit to take a look at before we jump around to what else we got going on. We still got a big week of earnings, man. Last week was probably the main event of the weekly earnings in terms of all the big tech companies basically crushing it. But we got some more earnings coming down. But right now, taking a look, the two-year, back at 4.43, we're up by six basis points, you see as we climb, right? The longer in duration you go, the higher you are. But boy, that two-year, man, pushing up by six points right now, six basis points, I should say, strong move as the market adjusts their idea of where we're gonna get some cuts. Now, one chart I wanna take a look at, I thought I had it ready, is this the one I thought it was? No, I gotta find it, here we go. Forgive me, here's the one I wanna get. So this is talking about recalibrating the rate cuts, okay? Now, this is gonna have to change in terms of where we are right now, man. This is only as of where we were on Friday, okay? Right now we're at five and a quarter to 5.5%, right? They put it at 5.5, the upper boundary line of where the Fed is. In October, the market was forecasting that in January of 2025, the Fed would only be at 4.6%, so it's like what? Three, three cuts, maybe four, because you're going from 4.5, excuse me, 5.5, gets ahead of itself in December, where the market's pushing it at 3.7, now it's back to where it's at 3.9, and that's probably back to about 4% by today, considering what's happening with yields. Just an absolute oscillation as the market tries to figure out what's going on, but here are those words from the chairman, and because that is not where society is right now. Inflation is low, unpredictable, nobody talks about it, it's been that way for 20 years, we want it back there, and so we're not there just yet, so interesting to get that verbiage into the chairman's head. All right, folks, we got a lot to talk about, we'll talk about some of the companies with their numbers coming up this week when we come right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. 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 your subscription today, visit the front page of TFNN.com. 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. 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Visit TFNN.com and try Mastering Probability, 30 days risk-free today. TFNN, Educating Investors. About 12 minutes to go until the opening bell, all the markets in the red and what do we got? We got yields trading higher, we have the dollar trading higher, we have commodities a little bit lower on a strong dollar and we have earnings coming in and we kick things off with McDonald's. And what's going on with Mickey D's, man? Mickey D's, down by six bucks, they get some weak numbers, Middle East causing some problems, but boy, this thing has been on quite a tear recently. Look at this channel line, man. Look at this channel line. I remember talking about this back in October, man. Just touched it. Look at this thing. Let's put it on a longer-term basis. Look at this channel, folks. From 2015, McDonald's has been in a well-defined, upward channel line. You take out the COVID volatility for two months there, put this channel on. You're thinking about trading McDonald's, folks, in order to our man, Bud Rolfs. Love you, bud, mission, man. They don't get much better than this, folks, and it's really awesome when you're on a longer-term basis. So McDonald's, you're gonna open at about 291. On this chart, that's where 291 is. Not that bad, right? Considering the run, the channel, where you are, still well within that channel line. Let's extend that to the right. But yeah, you do dip to the bottom of that channel line. You're probably talking about, what, 260, something like that. You're trading at 290 right now. A little bit of weak numbers on McDonald's. The one thing that's kind of off here is the Middle East. Now, the Middle East represents 10% of their revenue. Pretty remarkable, all right? Company like Mickey D's. Middle East, 10% of their revenue. And you have comp sales, okay? Rising 3.4% in the period. Now, this is their same-store sales, okay? A lot of these numbers were helped dramatically by inflation, of course, okay? But you have now a slowdown in the Middle East, and they had already talked about this. Yeah, expectations were lowered after the CEO warned earlier this year of a meaningful business impact in the Middle East. That segment accounts for 10% of McDonald's revenue fell well short of estimates after the war broke out. The chain became one of the most prominent targets for boycotts in Muslim nations over its perceived stance on the conflict as well as its status as one of the most recognizable American brands. The company has repeatedly said its restaurants are run independently by local operators, but you can understand why that happens. Now, in the U.S., they even say higher prices. Okay, still, I wish they had told us how much those prices were up. Higher prices helped drive comp sales growth 4.3%. So in the U.S., comp sales 4.3. Still though, slightly below the average market estimate and about half of the previous quarters rate. Don't get caught up in the previous quarters, folks. It's all about what the market's looking forward. You're gonna have some big numbers in the past because of inflation, especially when you look at some of those sales numbers going up. International markets, similar story. Results were strong in the UK, Germany, Canada, but that was partly offset by decline in same-store sales in France. The CEO says they're confident in the resilience of our business amid macro challenges that will persist in 2024. They expect to add 1,600 net stores around the world this year. I mean, yeah, they're a little bit lower. Let's see. Yeah, so nonetheless, tough morning from McDonald's as we kick off the earnings for them. They're a little bit lower this morning and they're gonna trade about 291. All right, let's check out what else we got going on. Let's check out the big boys from last week. Apple, I'm gonna have to start that kicking things off with Microsoft, man. I always kick it off with Apple because they had been the biggest company in the world, but not anymore. You jump over to Microsoft, 3.05 trillion for that company. You jump over to Apple shares and Microsoft is basically flat on the open this morning. You have Apple shares up a bit this morning, 187.60 and they are sitting at 2.896, only about $150 billion behind Microsoft shares. You jump over to Google shares. Let's see where they're at. They're at about 2 trillion, aren't they? 1.8 trillion for Google. Google shares up a little bit this morning. You jump over to Tesla. Interesting article out there from the journal that hit Saturday night. Have to chuckle, boy, the story. Now, I'm gonna talk about this door. I'll have to get it up. I will find the story, folks. And it talks about whether it's drugs and sex parties and Elon but what it really combines is, which is most pertinent for the market, okay? Because I really don't care if Elon's going and he's smoking a joint or he's doing ketamine or he's doing ecstasy at a party. I understand that the governance aspect of things, okay? But that one is not really as tantalizing to me. If he's doing his job, whatever you're doing outside of your job, if really it doesn't have impact, I really don't care. If you're not hurting somebody, especially, right? If there's no victim and what's going on, now you could say that if he's on drugs, right? There's victims to the shareholders, understandable. Both the beautiful part of the article was just the lack of independence for the board members, okay? And this is a Wall Street Journal article and I'll find it when we come back after the break. And one of those members is Rupert Murdoch's son. I think it was Lachlan that's a board member there. So not exactly a big liberal slant on Elon out there and he's out on Twitter, tweeting his normal stuff, talking about immigration and that's a real deal that's facing the country right now but he's trying to create a distraction, folks, because boy, it just keeps piling on. So that was the story over the weekend out there and I'm not sure it's gonna matter just yet but boy, it's pretty tantalizing. Some of the details, I'll get that and I'll post that in the den as well. All right, what else we got pulled up? How about a little China? As I said, I was listening to Asia Daybreak last night, six o'clock in the car on Bloomberg before Powell started about seven o'clock and China, they're trying. They're trying everything they can, man. China tightened some trading restrictions for domestic and offshore investors. Quants are barred from cutting positions in leveraged strategy. You got a bunch of rules out here but boy, I'm not sure it's gonna fix the underlying problems. I was listening to that Asia Daybreak last night some great analysts out there and they were just making the case and forgive me, I forget their names and it was a great conversation and they were just talking about, listen, they need less regulation. They were talking about the GDP growth over the last 20 years. They were talking about the revenue growth of the companies, the profits and meanwhile then what are they talking about? They're talking about the share price growth over the last 20 years, not even close to where, and I'm gonna pull up the Hangsang. Nah, that's not it. There we go, HSI, Hong Kong and this is what they're talking about. Ah, that only goes back to 2015, come on, really? All right, I'll have to find the next one. Hangsang index, ADR maybe? Yeah, there you go. Okay, there's the ADR and this is what they're talking about. You go back 20 years and this thing's flat, man. Right, doesn't quite make sense and what do they need? They need less regulation, period, end of story. Great analyst out there, again, not familiar but it was somebody in the Asia Pacific, of course, it was Asia Daybreak, I'm Bloomberg. You gotta look at this market, folks, okay? You don't gotta, but I understand why people are looking at this market, right? You look at stocks like Alibaba, okay? You go back to where you were trading at almost 10 years ago. You're down from 319 to 7185. You're down in Alibaba from 121. You talk about a dead cat bounce, man, right? Dead cat bounce up to 121. You're back to 7185. Be careful because the way they were framing it last night and I like the argument was how long can the bid last in this market if this is all that China is doing without fixing the underlying problems that exist which a lot of it have to do with the increased regulation that's occurred from Beijing. They're trying, every single day we get new headlines, but guess what? Look at Alibaba, it's fairly flat, right? You put it on a 10 day, 30 minute, just chopping around, man. Basically, right near Lowe's that we are at from 10 years ago. All right, folks, stay tuned. We got the S&Ps down by 12, NASDAQ off by 19, Dow off 95, Russell off by 23. We're coming back for the market open, don't go away. Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFNN empowers traders and investors of all skill levels with top-notch investing systems, strategies and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFNN, we bring the trading floor to you. Our season hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. 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Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. We got markets open. You got the S&Ps down just nine points, MarketsKits, a little bit of a lift there coming into the opening bell, still in negative territory, off by nine. You get the NASDAQ 100 off by 11 right now. What keeps happening? Do I keep pitting on... And you got the DAO off by 88 right now. And you got the Russell with continued weakness down 21 to Russell off by 1.1%. Let's jump over to yields as the market opens. Continued lower price, continued higher yield right now. We got the tenure approaching a 4.15% yield. That's putting fuel into the dollar index, 104.37. And that, of course, is making things very difficult for the gold contract. But if you like gold at 2,070, you're gonna love it at 2,033. I kid to some degree, folks, but it is only a matter of time that the Fed will be cutting. One of the things that the chairman said as well is that everybody basically agrees of the 19 members that are in that room of the FOMC, that it will be appropriate to cut this year. Now, that doesn't tell you too much. It's February 5th, folks, okay, cut this year. That could mean anything, but they're coming. And when they come, you are going to have yields, pull back from where we are. Again, we're setting up where you're gonna have opportunity. I mean, the thing that was remarkable here is that where was the room when we came into that Fed meeting on Thursday, okay, excuse me, Wednesday, for the market to really recal, anyway, we get the point. Rates are up a bit, 4.15, but eventually that's gonna meander a bit. And yeah, that should help out the gold contract. When eventually that dollar gets a little weakness, but it's not happening just yet with the dollar at 104.38 right now. All right, let's see what else we got pulled up. Yeah, this one's an interesting one, man, talking about from Bloomberg, why New York City apartment buildings are on sale 50% off. Tougher rank control, returning worldwide, destroys $75 billion in property value, cash-strap tenants, cheer as they maintain a foothold in the city. Pretty remarkable, right? Now you have an instance here, you're talking about a 21-unit building he bought in 2018 for 4.8 million, specializes in a subgenre of real estate investment, property subject to rent regulation, the oldest and biggest program in America for this well-suited apartment on 164th Street, the quickly gentrifying Dominican enclave immortalized in a Lin-Manuel Miranda musical, he can charge no more than 650 a month, perhaps a quarter of the market rate, right? Now for landlords, the playbook had long been simple and lucrative, buy rundown buildings that are rent stabilized, fix them up, pass along the expense to tenants by raising rents, which was allowed under the regulation, cash out, repeat, once rents approached 82800 a month, owners could charge what the market would bear and the apartments became a potential goldmine, you just had to be patient, but guess what? This bet on raising rates has gone disasterously, excuse me, raising rents, not rates. As it has for landlords in 2019, yeah, not exactly the case, New York state lawmakers rewrote the rules, the rules have changed, in one key change, they sharply reduced how much landlords could raise rents after renovations. This one, I don't understand folks, okay? There is a great case to be made about subsidizing housing, okay? But the government should be subsidizing that housing, not individual landlords. That's the case on this and New York state landlords are getting hit because that one little change and it's not a little change, man. How about buying more than 40 properties for 300 million over 20 years is now in distress. Yeah, I would bet, man, he's in a big problem. The whole business plan just changed. New York buildings with at least one rent stabilized apartment sold on average for 203,000 a unit down 34% since 2019. And that's gonna hurt the people that are in those buildings, obviously, right? So, nonetheless, an interesting one out there on Bloomberg if you wanna check it out. All right, we gotta talk about Boeing, man. It just doesn't stop. Boeing finds more misdrilled holes on the 737 in the latest setback. You'd think that these things would be checked somehow. Reworking fuselage, fuselage part from Spirit Arrow made delayed deliveries. Again, the plane maker says 50 undelivered planes found with faulty rivets. Would they have been found if the other planes weren't having problems? I don't know. They found more mistakes with holes drilled, a setback that could further slow deliveries on a critical program already restricted by regulators. It originated with a supplier and will require a rework in about 50 planes that have not been delivered yet to repair the faulty rivet holes. Well, he didn't identify the contractor, said it's aware of the issue and will conduct repairs. I don't know, man. It becomes tougher and tougher to tell the story of a buy here for Boeing and there's your dip down by 2.5% right now to 20385, decent numbers on Wednesday when they come out with their numbers, but be careful of dead cap bounces because you've almost given it all back right now on a longer term picture. I mean, 200 is a critical area in this and you're a 204 right now. You trade below 200, you're probably on your way back to 150, man, which is remarkable for this company, how it just keeps, I mean, we're at the stage here that people are very much gonna start caring about which airplane they're on for safety issues, which has never been a thing in existence and that's the last thing you want, man. In the latest instance, a worker at a Boeing supplier flag that two holes in the plane's fuselage may not exactly meet specs. The problem is not an immediate flight safety issue and all 737s can continue operating safely. Many employees have expressed frustration at how unfinished work, either by suppliers or in Boeing factories can ripple through aircraft production lines. Yeah, it just doesn't stop. They got a big problem, man. And when it comes to making planes that are flying people all around the globe, you can't just be making things that aren't working to put it lightly, right? Pretty remarkable how that's happening. Okay, let's get into some of the companies with numbers this week. As we talked about, huge week for the tech companies. Last week, you already got McDonald's out with their numbers. Let's see how McAddy's is trading on the open. Look at this. Oh, I thought it was, no, we're not flat. I thought they got it back. Now, down by 2.7%, pretty much where you were coming into the opening bell, off by $8.35 and to remember if you weren't checking out the program, put that channel line on your chart if you're trading McDonald's, man, because you've been in it since the end of 2015. Doesn't get much better than that. All right, what else do we have this week going on? Well, let's see. Yeah, Tyson out with their numbers already. Looks like the chicken business is going well. We're up by 7.8% this morning for Tyson out with their numbers. Helen Tier, maybe they're out after the bell. Caterpillar, they're out with their numbers. Up by 5.1%, not bad. What else do we got? Estee Lauder, they're out with their numbers. Not bad, up by 15.8% for Estee Lauder. There you go. All right, we jump into Tuesday. So Tuesday, we get Amgen out with their numbers. Amgen, little volatility this morning, sitting at 3.22. We get Chipotle and Mexican Grill out with their numbers, man, this thing. Check it out, 2,500 on the dot, basically. You talk about an acceleration. Now, they're going to have sky high expectations, man. Last earnings, you were at 17.88. What did we just trade up? 700 dollars? What is that percentage wise? Man, that's bonkers. Yeah, 700 divided by almost 1,800. You're up 40% since their last earnings. Expectation is going to be sky high for Chipotle on Tuesday with their numbers. We also get Spotify on Tuesday with their numbers. Look at that, we're on that thing's on. 221, sitting Spotify. We get Snapchat. We got Toyota on Tuesday. If you come back Wednesday, we're going to get Disney, Uber, Roblox, PayPal, Paycom, excuse me, Mattel. We'll finish this up, folks. We'll go over the earnings. We got coming up this week when we get right back. Don't go away. Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFNN empowers traders and investors of all skill levels with top-notch investing systems, strategies, and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFNN, we bring the trading floor to you. Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. And remember, at TFNN, we're so confident in the value we provide that we are for a 30-day money-back guarantee on all new premium newsletter subscriptions and services. 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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. So we get the S&Ps off by 15 right now. You get a little bit of acceleration in the Dow to negative prices. S&Ps off by 15. Let's put it back on that 15 minute, five minute chart. You see the Dow drop off there by about a hundred points on the open, 38,576. How about the Russell off by 1.5%? Tech stocks holding up relatively well, only down by two-tenths percent. You get the S&Ps off by three-tenths. So let's jump around to some of those fang stocks. Apple shares down about one-tenth percent right now. You jump over to Microsoft. They get a little bit of a dip on the open, 409. You're down by half a percent. You jump over to Google shares. There's a lift for you to Google up by 1.3% for Google. We jump over to Meta shares. They give back some of that Friday acceleration. Biggest day ever, pretty remarkable meta. Down by 2.3% but you're sitting at 463. You came into their earnings event Thursday night at what, 390 I think? Yeah, 394, something like that. Pretty remarkable from Meta shares. And you jump over to Tesla. Tesla shares off by 2.6% as the pain continues over there for Tesla. Okay, jumping back to the earnings. So as I mentioned, we were kind of on Tuesday slash Wednesday. I mentioned we get Chipotle on Tuesday. That'll be a big one out there. You get Snapchat on Tuesday. They're gonna have some lofty expectations with what Meta was doing. Let's take a look at Snapchat. Yeah. Now we saw Meta dip a little bit lower and you got Snapchat dipping a little bit lower. But look at the expectations. Okay, Snapchat was trading at 15.85 before Facebook earnings. They're a full dollar higher to 16.75 after being at 17.59. Not all social media companies are created equal folks. Okay, Facebook is making all time highs. Snapchat is down from 83 to 16. Be careful for Snapchat shares. All social media companies are not Mark Zuckerberg's company, that's for sure. And Snapchat is definitely not one of them as well. Tuesday we get Toyota, TM out with their numbers as well. Look at that we're on the last year from about 130 up to 202. We shift to Wednesday. Now we talked about Chinese equities. Ba Ba will be out with numbers on Wednesday. You get CVS out with their numbers on Wednesday as well. Trading at 72.65 for CVS. We get Mattel out with their numbers on Wednesday. Mattel well off the highs of 2022, sitting at 18.47. We also get PayPal. Look at PayPal man, these pay companies man. 61.81 for PayPal shares. We get Roblox with their numbers on Wednesday as well. I'll tell ya, the kids in my house, they like Roblox man. They like Roblox. They got me playing it occasionally. Pretty interesting. Well off of that spike high to 141. You're sitting at 39.80 and yeah, he's been chopping around for almost two years. All the way back to February of 2022 in this consolidation between about 25 bucks and maybe 50 on the upper boundary. You're sitting at 39. They'll be out with their numbers. And then two of the bigger companies that we'll get talked about this week on Wednesday, you got Uber out with their numbers. Boy this thing's been on a tear, huh? So much for that channel line man. You can see how. Let's activate this though. Maybe you line it up to the tops. Not exactly perfect, but you can see. Kind of accelerates above it, breaks back. You push higher. This thing's up from 40 bucks to 68.61 for Uber. They're gonna have some high expectations with their numbers Wednesday after the bell. And then you have Disney. Catching a little bit of a bid, but they got some turnaround stories still to spin out there. Disney out with their numbers on Wednesday as well. Chopping around at $96 for Disney. Hasn't been around since above a hundred since May of last year. And we have win resorts on the China story as well. They'll be out with their numbers on Wednesday. You shift to Thursday, Expedia, Pinterest, Spirit, and take two interactive, some of the equities that jump out for Thursday numbers. You jump over to Expedia. Quite a resurgent from their last earnings. This is where man, you're gonna have some expectations, right? From 94 to 150 over the last 90 days for Expedia. Some of this acceleration in the market is just wild man since October lows in this market. So you got Expedia Thursday. We talked about Pinterest. We'll be out. Excuse me with their numbers on Thursday as well. Sitting at 39 bucks. Kind of a nice trajectory off the lows of 2022. You were hitting 20 bucks early last year. You were sitting at an October low of about 25. You're sitting at 40 now. As I mentioned, the percentage is just wild. You jump over to Spirit Air. Interesting to see what they're gonna have to say about the JetBlue deal on their numbers on Thursday. And then we round it out with take two interactive as they'll be out with their numbers on Thursday as well. And we got a possible A to B, C to D sitting up right here. We got it from about a hundred, right? Up to a B point of potentially about just over 150. It's called about a $50 A to B. A little bit more than that. You pull back to 130. That would be about 180. Maybe just over 180 would complete that A to B, C to D. And look at the volume we had in December, man. On that December 11th acceleration. Now look at the Nasdaq 100. Only down 22 points. We're getting close to these A to B, C to D expansions. Absolutely remarkable on a percentage basis, man. You look at these tech stocks, 14.2 to 17.7. You add 3,500 points to a 14.2 index. Yeah, yeah. 25%, 25% the Nasdaq 100 is up since October. So be careful folks to put it lightly in this market right now with a little bit of exuberance to put it lightly to say the least, right? What I will say, so the Wall Street Journal, right? For some reason I'm having problems pulling this up. I don't know what's going on right now. It's not recognizing my subscription for some reason. It keeps trying to get me to sign back up even though I'm signed back up. So I'll fix that. But for those out there, if you're interested in the Wall Street Journal subscription folks, I'll tell you the way to do it, okay? Is they charge a dollar a week. So you pay four bucks a month for a year. And then they try and bump you up to 38.95 a month. But all you gotta do is cancel and then resubscribe again and they kick you right back in to four bucks a month for the year. It's a great deal for the Journal. When I did it about a year, just over a year ago, what happened is my subscription just expired. So that's all I do, man. I cancel it, right? Sign it back up and pay my four bucks a month for the year until they start charging me 38 bucks a month again. Then I cancel it, sign back up, back up four dollars a month. Their promo rate is a dollar a week for a year. That's what they push out. 52 bucks, folks, for the Journal, for the digital version for the year, outstanding value out there without a doubt. So check that out. But this morning, they're giving me some problems, man. I wanted to go through that Elon article. I'm gonna take one more look at it if I can pull it up after the break. Because as I mentioned, they talk about drugs in there. They talk about, he's got a prescription for ketamine. Listen, we've all heard the stories, right? San Francisco, Silicon Valley, the tech scene out there. Yeah, you might get some drug parties, man. You got whatever you got, right? But it's the intertwined nature of so-called independent board members. And here's the last part of this conversation, okay? Because when you talk to people about this, Elon is a divisive figure because right now he's in everything, okay? And politics is somehow merged with everything. So he's divisive. People love him. They hate him, whatever it is. Brilliant businessman. One of the most visionary minds of our generation. You think about it. He's changed electric vehicles, right? He's changed private space frontier, SpaceX, all this stuff, okay? But the deal is when you go to the public for money, you have to follow the rules, okay? This isn't about being a businessman or a businesswoman. When you go to the public for money and you do so willingly with the rules that are in place, then you need to follow them. One of those rules, okay, in the NASDAQ, and this is because of Sarbanes-Oxley, and I think this is in the journal article that I was reading this, you have to have a majority of independent board members. And that was because Enron had a big problem because the board members weren't independent. You have to. It's a NASDAQ regulation. You have to have a majority independent board members. And that is just not happening at Tesla right now. Stay tuned, folks. One more segment, S&Ps off by 14. We'll be right back. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.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? 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 in 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. 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We got Pepsi out with their numbers on Friday. Okay, I went through the numbers this week. Pepsi, Pepsi Cola, they'll be out with their numbers on Friday trading at about 171. We jumped back to Tesla. I did get that article figured out off by 2.8% this morning. And you jump over to the story and there's the headline, man. The money and drugs that tie Elon Musk to some Tesla directors. Now, what the kicker is, man, is that this is the journal owned by Rupert Murdoch, right? And who are they talking about? One of them they're talking about, not Lacklin. Sorry, Lacklin. James, James Murdoch. He's on the board out there as well. And the relationships exist probably make them non-independent, okay? But the one I'm just gonna get to right here is, now pretty tantalizing details in here. They talk about, if you're ever looking for some drug-fueled parties, folks, they pick a hotel in Mexico for you. Where are they talking about? Yeah, this is the hotel here. The Hotel Alganzo in San Jose, Del Cabo, Mexico. That's supposedly where they're meeting up. But this is the part I wanted to get you right here, talking about the board members and what they've made, man. Hundreds of millions of dollars. It is a quid pro quo relationship going on, folks. They are getting rewarded. They're friends, acquaintances, frame it what you are. And that's the reason why Elon didn't get his payback. Because if he had straight out independent board members out there, it would have probably been very difficult, reading a little bit more about how that came down this weekend. At first, I said to my friends, you know, what's the deal, man? It's illegal now to pay a CEO, you know, whatever you wanna pay them. Well, it is if you don't do it in a fair way. And that was not done in a fair way when you look at those board members, especially when you consider the rules and regulations to be a publicly traded company on the indices like the NASDAQ. For instance, an alphabet board member, the total board members hold stock value at 8 million. Yeah, and received an average annual compensation of 475,000 over almost the last 10 years. Compare that to, you're talking about 200 million, 400 million, unexercised options, 200 million, 300 million. James Timurdoch, he's above 300 million. His brother, Kimball Moss. It's a big number out there, folks. Be careful on Tesla, there's a lot going on and not much of it is good right now. Folks, thanks for kicking your Monday off right here at TFNN. Stay tuned. Our man Basil Chapman's in the den. He's ready coming up next. Have a great Monday, folks. We'll see you tomorrow at nine.