 The following is a presentation of TFNN The TFNN Bull Bear Training Hour every training day live at 10 a.m. Eastern Call now toll-free at 877-927-6648 or internationally at 727-873-7618 The TFNN Bull Bear Training Hour Now Tommy and Tommy O'Brien Welcome folks appreciate your growl and a problem with us out here We have now industrials up 204 Nasdaq up 61 S&P's up 25 gold contract down five dollars trading at 14 79 an ounce You have silver off 26 cents 16 dollars 98 cents an ounce light sweet crude. I heard that update It's quite a quite a move here two dollars couple bucks early overnight $58.07 a barrel notes and bonds you get the 10 year down 12 ticks 129 20 30 year off a point plus one ticket 150 902 and King dollar King dollar down 211 tick straight in 97 524 Euros at 110 just about 111 the yen is out here 108.79 and the pound is at 131 and you get that euro and the pound there they're going they're going higher man Well, there's no doubt you got NATO right you had Trump over there with Merkel this morning I heard a lock-on on the market let alone renewed optimism and trade deals back on trade What a difference today makes folks every trading day right here 11 to 12 least and stand the time I'm in man. Mr. Kevin Hicks and his team at TD Ameritrade outstanding program You want to understand the options market you want to understand futures all the above options strategies awesome program Kevin Hicks, what's going on? Good morning, Tom. Good morning, Tommy guys didn't we sit on this show 24 hours ago? and talk about the fact that I thought the mainstream media was getting it a little wrong Seizing on one point of all his talking points and that the administration was going to come out and say something and sure enough There it is overnight Bloomberg reports talking to someone in the administration that you know the trade deal is actually much closer This was Extremely predictable that these markets would Have the reaction they did and then something else would come out So and it doesn't really surprise me at all frankly Well, if we if we replayed, you know, if you didn't if you heard the update yesterday folks It's pretty cool because when I was coming to work this morning, Kevin What was sticking in my head was the your vicks crush because you're you're quote at the end of the interview Yesterday take long was that yeah the vicks is at 18, but guess what it's going to be at 16 in a heartbeat Well, guess what an open to 16 today 16 and a half and it's at 14 and a half That's pretty intense man. These aren't real You know, I'm not I don't have a crystal ball No, no, I know Some years in this business Make you understand that this is shaky this spike in vicks the short term spike in vicks is shaky And to be careful with it. Well, you know, it's so cool what I've got to understand by talking with you for So many years now, right? Is that and this is really important folks when you're trading the option market in general? I think it seems that Real pros inside the option market, right? You're you're basically always trying to sell volatility, right? Not always, but I mean that's a big part of the option market, right? I'm understanding volatility in general, right? Sure Yeah, I would say that's that's absolutely what you're doing talk to most professional traders They trade delta, but they also trade implied volatility, right? And they they're either long it or they're shorted And they're picking their spots based on everything they look at the market and you know when it was 12-ish At this time of the year, you know, sure you can take days off the calendar and that'll affect implied volatility But the overall when it gets down to 12 you have to be trading it from the long side It's just a good smart bet if you're short vicks Around 12 Guess what you may make money. It's a very, you know, there's a chance you could be profitable But but you're being profitable with with the wrong position and eventually the odds mean is going to get you And it's going to get you big So, you know, it's it's it's as simple as buy low sell high and then wait, right? I mean Implied volatility either in indexes or vicks or in individual names It's a mean reverting instrument. And so when it's low, it's going to go back to the middle when it's high It's going to go back to the middle. Yeah, it's pretty cool. That's so statistical, right? Yeah, it's one of the things the vicks where it just can't go up forever or go down forever Unlike stocks any stock could go up or down forever in theory, right the vicks that that can't happen really You got it right on the nose and that's what we talk about all the time Professional traders like trading volatility because they can trust it. Yes, they can trust when it's high eventually It's going to come back down. They trust when it's low It's eventually going to go back up and they love the fact that they can trust that Now you can see it, you know And I mean we need to think about how many times the world is supposed to be over and guess what, you know It's never going to be over. I didn't think it was going to come back to 14 15 24 hours. Oh my goodness Yeah, totally. Well, that's what makes trading so cool. It is. I mean, it is There's no two ways about that because you know, you can you know, and when we're talking here folks again, this is where the Option strategies come in as to understanding, you know Putting a few of these different strategies together as to where you are in the marketplace So if you thought that was going to happen, what's the best way to make a trade to profit from that, right? That's the coolest part of listening It's about understanding what implied volatility is what it means becoming proficient in getting the right strategy on to take advantage Of when implied volatility goes up and down if you can do that if you can become proficient in trading implied volatility Options in general as an industry gets much easier. Yeah. No, I can definitely see that. There's no doubt about it So it's going to get interesting. I mean, you know, we get them the market up a couple hundred bucks. No doubt about that Uh, these notes and bonds man, they still, you know, they back it off a little bit It looks to me like they still want higher price and that good old king dollar is finally given it up a little I guess that the euro and the pound look like they would do want to go higher You know, I think the bond market is really interesting because yesterday was How the bond market moved? I mean that was a how many standard deviation moves that I don't measure that in the bond market But that's got to be enormous In terms of a one day move So the fact that you know, they're only coming down here. Let me look at my chart. What are they of what they went up? No, no, totally. Yeah, and you know, either he expected anyway, but I mean yesterday We we hit that 1.7 yield pretty quick Maybe I hit 1.69. I think So they jumped back a little bit But boy thinking about historically low interest rates here and something that you know, even though they got down to You know pretty low levels there the 1.4 level they didn't spend a lot of time there No, this is still 176 on the tenure still a historically low number. Oh, yeah, it's there's no doubt You know, so, you know, it's interesting Kevin. I'm sure you've probably seen it with the x media You know, they got rid of the cfo in the ceo. Yeah, that's that's someone They must add Basically a brawl inside as to where this is going to go the charts a mess anyway But I guess they they Dilla will come back and fix it. Yeah, right, you know I mean, you know, a lot of these companies they're getting very mature now You know, so some of the growth aspect is out of them Yeah, and now they've got to really start cranking out. They you know, they want they want money They want return on their money. They want to see good earnings. So Uh, you know, xp is going to watch out for google. I mean google is Yeah, they're they're eating into that travel business pretty good, man. Definitely and think about it Xp what is xp to have their middleman? Yes, right? Who has nice margins? Yeah, right? Guess what amazon and all these companies attack now I was waiting for the inside to get dropped anytime margins. Do you say margins? Yeah, get bezels on the phone Folks 45 minutes and right now outstanding program. Kevin, you have a great one a safe one Of course, we look forward to the program. Have a great day guys. Thank you Kevin. Thanks man Stay right there folks. Tommy and I are coming right back If you're not currently using the taz profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks etfs commodity futures and forex Heated by steve doll taz understands that in today's technological world the use of top flight software Applications and technical analysis expertise is essential to successful trading in today's market You also gain access to the webinar that steve doll and tom o' brian just hosted The best way to use the taz profile scanner to profit this webinar archive is available for all subscribers Immediately upon signing up all new subscriptions also come with a 30 day money back guarantee So you have nothing to risk start your subscription by visiting the front page of tfnn.com today And you'll find the taz profile scanner under the services tab sign up today Are you in the market for buying or selling real estate in the bay area including the surrounding st petersburg tampa and clearwater markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers And sellers make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of Creating tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future called tiger real estate LLC today at 7 27 329 83 22 or email us at tiger at tfnn.com that's 7 27 329 83 22 call us today Many of our new listeners have heard about the tiger's den The tiger's den is a lively community where professional traders and investors can meet exchange ideas and information in a comfortable moderated atmosphere Hear all of the tfnn shows plus see all of the charts as they happen live and have access to archives of all of those charts You can test drive the tiger's den absolutely free for 30 days and greatly enrich your knowledge of these markets And how to make your money work for you details on the tiger's den or on the front page of tfnn.com tfnn has launched our brand new website You can still visit us at the same tfnn.com URL But when you do you'll see a new and improved home page with a much simpler navigation Whether you're watching tiger tv live in high definition or just accessing your newsletter subscriptions We even have new pricing in six months and yearly options Check out the new tfnn.com now and experience all the upgrades tfnn.com educating investors Toll free at 1 877 927 6648 internationally at 7 27 873 7618 877 927 6648 uh oil right We sure do so let's say what we get about uh 11 minutes to oil right yeah, we got exactly so 10 18 right now we get the crude numbers At 10 30 wednesday morning Looks like the number so we're up here. This is the crude oil inventory EIA Number the survey number which is the median analyst number is looking for a decline about 1.5 million barrels The whisper number which is the number that you can put in in bloomberg anybody with a terminal a lot of industry insiders But less reliant as in we can put a number in here That's going to skew that whisper number and it's dependent on nothing the analyst numbers that's dependent on their job You're an analyst that's out of the loop man. You're in trouble Nonetheless, they're looking for a decline between 1.5 and 2.5 million barrels But boy oh boy like we talked about what a move in oil we've had right Just this morning man. We're at 58 dollars and 22 cents right now That yeah, that's live and early this morning. We were at 56 We were with a 56 20 handle and we're at a 58 20 handle $2 since three in the morning seven hours. Basically, we've run up there And let's just see what kind of volatility if this is going to be even close Now what happens is you get this type of movement sometimes the available spreads don't line up very well Because there's just been so much movement. So the 11 a.m. You'd have volatility the highest spread As a floor of 57 75 Which is amazing that usually they have spreads on netx that you can get in out of the money if you want Yes, well the the highest spread out here is already 50 cents in the money Right, right because it's moved so much. It just moved $2 in no time And now that's the 11 a.m. Though because those get set early at about nine Let's see where the noons line up. You might have a little bit better action. There we go. Did we do $58 is a price point we could use okay um Still doesn't line up exactly you're gonna have 22 cents of value on either side And and maybe today's not the day for a pure volatility I mean, maybe today's the day of a little mean reversion where you actually go go bearish to pull back some of that on that number I mean crudes continue to struggle. Let's just see Um, oops, that's the yeah, those are the 12 expirations Because let's just I'm just curious like, you know, if you want a little bit exposure to the downside you buy an out of the money Put basically right with a spread going from 58 to 56 50. I say you buy it. You're going to sell this You're basically buying to put you're selling the spread with the ceiling. I'm on I'm on computer Uh, you're selling the spread with the ceiling at 58. So you're 25 cents out of the money But boy, oh boy, if you get a little mean reversion, man You're putting up 15 bucks now you're 40 cents out of the money here That's in your your selling at 57 84 the contracts at 58 25 But not bad putting up 15 bucks That's your max risk and you got profit potential all the way down to 56 50 So you're risking essentially 15 dollars and you got 135 down to 56 50 Um, if you're bearish, I like that trade, you know, you got to be bearish and that api number last night One of the targets get up to the okay. It's a monster number minus 3.7. Yeah, and that would be that would be the reason why Yes, you get the whisper much bigger than the analyst Because the analyst numbers out there ahead of time and how well move I guess since last night. Yes. Yes, definitely That move did start though at about three in the morning that api out last night at like 4 30 So we'll see what happens man. Go for it jump around. Yeah the L December we we would you just looking at the December. Let's see if that's going to be the same. This is the january. Okay, interesting. Okay Wow, look at that move man. Yeah, holy cow 337 000 contracts Pop that range is that's 58 68 Yeah, this that's Way this looks there doesn't look like it wants to back off No, that's it. You know, it's tough to be bearish oil. Yeah when you just trade it up two dollars Yeah, but you do get mean reversion man It would have been the same way it would have been tough to be bullish the market yesterday at 10 in the morning When the s&p's were 90 points off their high from early monday morning, but guess what I think we're up probably 45 50 s&p points on that price level And well, and we do have here. I mean you come at the top of the range here is like that 58 70 Sure, that it hasn't been hasn't been able to basically get up and over it. So, you know, we'll see where this basically shakes out the uh There's no doubt that combined with the s&p's movement is But what are you gonna do? Let's see. Let's see. So, uh, if i'm looking If you're bearish, you would hope that maybe You're gonna have more of a supply, right? So we're gonna come in at uh minus 1.25. There you go. Okay. Yeah We'll see where we come in and that would you know If you get when you go from three three point seven two on the api, sure People will be looking for that today. It's okay. Well, you know, what is this gonna match up? Is it that fire off? I mean sure I'm just jumping around a bit to see if we get a 58. Yeah, I mean the dailies are way off because the dailies set last night um And the only one that's even close is the one that said at 10 a.m When the move already started and you do get a price point of 58 if you wanted there And like I said, you know, you could be a little bit bearish. You're selling it You could be even bullish. I mean the other side is if you're bullish That's still a nice trade as well. Yeah, you know, particularly buying something at highs like this, you know You're up two dollars, you know, if you think you can go up another two dollars or a buck or 50 cents Well, great. This is the way to do it inside the option. Right because you're you're getting into 58 37 Contracts trading at 58 23. So essentially you're paying 15 cents a premium in there And your losses are capped at 58 dollars on the dot because you get a bad number here This could drop to 57 70 in a heartbeat And at least you're capped at that 58 dollar price point still not a bad risk reward If you think the trend is just going to keep going up. Yeah, we hitting 56 Uh, excuse me 59 59 60 dollar oil We haven't seen 50 60 dollar oil in a while man. No, we haven't we haven't each and every time it's getting up to the 57 75 58 that's it seems to just give it up. That's that's where this I know you're going to the most I'm just going to jump real quick. I wanted to see because Expedia we talked about right CEO and CFO out You can see when that news broke this morning a little bit of a thrust downward real quick But boom just like that the stock higher six percent Higher this morning and then how about google as well? Yeah, you got larry and surge out in the executive roles But the CEO so um larry page Was the CEO of alphabet? Yes You uh And and I gotta get his name now because he's CEO of alphabet now But the CEO of google was basically running the day to day already And so that's why you really didn't see huge reaction even last night when this news broke They're gonna leave him to do all the press conferences and all the I think he was already doing them No, he was that's what I'm just saying google is going to have a lot more Inter trust in all of this the next couple years. They decided hey man, you know, let me get out of here Well, it's they had already stepped away from that public role of um, you know being the face of the conference calls and so forth because Google is the driving company alphabets the umbrella they fall under And so he was kind of already the the head of the CEO of google So but pretty interesting in terms of those two guys stepping out of executive roles When you think they've been there for almost 20 years man, and they're still the controlling shareholders So between both of them they will have more than 51 percent of the voting stock. Yeah, our voting stock That's that's all that matters. That is right. Do you know what I mean? It's really pretty intriguing folks that you know, they enabled one of the first ones that built How do we get into there for phdc? Um, right. Yeah. Yes, because it is interesting when you pull it up Where are they come on? There we go. There's there they are took a stick inside between the two of them They got about 40 million shares and see what it says. It's not only that there it says that's 5.8 percent of the company But yet they see it's 11 percent, but they got voting. Yeah, that's zuckerberg's deal too. Say right there folks come right back Hi folks. Tom O'Brien here If you like to get my daily newsletter market insights, then now is a great time to sign up for a 30 day free trial Every morning by 9 30 I send out my morning letter to subscribers with market commentary on a variety of markets currencies and commodities to keep investors up to date on the day's trading action Included in market insights are specific buy and sell recommendations for stocks etfs and even options Which stops and price targets included for every trade in my newsletter If you'd like to try my newsletter risk free for 30 days Then head over to the front page of tfnn and you'll find market insights under trading newsletters I use my years of trading experience to bisect and dissect the market every morning And give my subscribers the most important information they need to know for the day ahead I even issue afternoon updates for my subscribers whenever warranted with important market action I'm always scouring the market for the next great trading opportunity Sign up for your 30 day free trial to my daily newsletter market insights today by visiting the front page of tfnn.com Oh, go get them folks The path of least resistance is david white's daily trading newsletter And if you're looking for active trading ideas, then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted Don't miss out on this great chance to get a 30 day free trial to david's daily newsletter The path of least resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently And if you'd like to see the type of newsletter he delivers every morning Then visit the front page of tfnn and you'll find the path of least resistance under trading newsletters For all the details and to start your 30 day free trial today log on to tfnn.com now tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleaf, abc's butterflies and much more The art of timing the trade charts is designed to help you when scouring the markets for stocks Just beginning to form the trading patterns that many investors spend days weeks or even months searching to find And right now we're offering licenses available at only $79 a month We are so confident that you're 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 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 Folks uh million inventories, that's a big number it is we should 8 6 million barrels draw We got even more of a decrease it should be less supply should equal higher prices We'll jump back to the chart There's your crude oil give it a moment to recalibrate Not too much of a move man Maybe the market's saying hey, we just went up two dollars in the last seven hours. Exactly. We knew this was coming um Pretty muted response with that type of action for sure. Yeah $58.26 no real movement at all and um, we'll see how that shakes out though, but the number coming in headline number as it ticks down 4.86 and wait, let's see uh Gasoline inventories rose 3.39 million. What what a diverse divergence there, huh? Yeah You know, so they used a lot of oil They made it into gasoline, but then they didn't sell the gasoline. Yeah, right Yeah, yeah stockpiles built right right If we go over here for the this is the top live they give some good analysis sometimes so there's your headlines yeah, oh crude falls 4.86 gas rises 3.39 and um The bloomberg user survey was expecting about a 2.56 as we saw on that whisper Yeah, and oil prices just cannot decide if they want to move higher despite the big draw basically no reaction Well, you know it. I mean, it's pretty hard for oil by the barrel to basically sustain price when A biggest pot of the oil by the barrel is gasoline and you know, they get a build on gasoline And so look at this it looks like nothing, but we just got 15 cents to the downside And this is why I kind of said, you know a little mean reversion, man We just went up $2. You really think it was going to go up $4 In one day. That's really hard. Um I wonder what would happen if we did get A decline of only 1.5 because we just got a decline of almost 5 million barrels And the price just dropped 10 pennies right pretty interesting. Yeah, I think all that priced in 877 9276 648 Let's get over and take a look at this dollar. So doll's been getting a little latched actually I want I'm going to go to the euro and the pound also. Yeah, so they tie into it well Yeah, so the euro is down the dollar is down 148 the euro We're gonna have our mammoth to teddy keg staff on it 40 past 10 minutes from right now. That's right. Okay, so let's get over the swing point a bit He's talking 4x4 x dash trading dash unlock.com. Yeah, we got a lot going on man 110 and then the British pound This really looks like it has some juice Oh, look at this. This is a breakout. Okay, so You get a nice consolidation at 130 This is a nice break. We had a nice consolidation. So it got above it this morning. 30. Let me see this here. That's 122 now that's going all the way back to October man Things have changed a lot in the last month two months now. Actually, that's october 8th two months So you got a 135 a to b. What is that 135 up there? 133? Yeah, you go to 133 So that's a good move, man. Oh, definitely. That's a good move. Yeah, and uh, they're happy with Whatever johnson I think what it is is that's a johnson's leading looks like he's going to be able to solidify that's going to lead to a Clear and cut maybe brexit or a path towards a brexit And it seems like he has a lead in the polls for the election And um the the analyst out there this morning staying as long as he really just keeps quiet And doesn't make a gaffe right that uh, he'll hold that through the the election And it seems like that's kind of what's happening as he's over there with nato this morning Yeah, and it's it's it's thanks to 4th of december already It sure is and I think that's the 16th that they're they're gonna do that. So christmas three weeks from today Is it that's how math works 21 days boom That's sick. That's right. Let's let's go overseas and take a look at overseas So last night folks, uh in asia bottom line is that asia couldn't move last night Yeah, the hang sang down 1% You know niké was down 1% Let me go look at the yen just for a second Take a look at this yen the yen was getting stronger yesterday Well, it's up 22 ticks, but it got to a low a little today the uh in europe Let's go look at the dax for us because the dax You know basically it was up 22 points yesterday, but okay got slammed but it's up 151 today Okay, the footsie now this the footsie never came back yesterday. Let me see what that's doing last night Yeah, see that's interesting man. The footsie, you know, and this of course is the uk that that thing came down You know hard and stay down, you know, we went from two days from 7400 to 7134 and it's just kind of it's up 13 I wonder how that plays in maybe we can ask Teddy if he's got a take on that in terms of if you get a lot of pound strength, man Is that gonna is that going to actually weaken maybe the footsie over there because you got a match, right? Yeah, because they've got used to now they've got used to a week pound You saw the pop in the pound today and maybe that's saying a little bit like listen That's great for the economy In general, right, but it's going to be a little bit tough on some of those companies doing business overseas outside of The borders of england. That's right, you know, and that's why these currency Currency in general folks. That's why if you take one currency at a time, it's not wrapping your head around it Um, it's pretty cool starting to understand What value is, you know versus what an equity is what a piece of land is what the currency is So because that because currency is the biggest equation in it It is it is and um, you know up until uh a few years ago The mantra was we always want a strong dollar man And I that's what I believe in because you want to have a strong dollar because that's how everything is Based across the world. All right. It's very easy to say. Why don't you just make our dollar worthless And then we'll be able to have great trade, right? Well, guess what? Fast forward a few years when your economy is worthless because your dollar is worthless That's not a recipe for future success. Well, yeah, anyhow, let's show you an exact example of that, right? If we pull up the british real What you're going to see Okay, so this is At 4.19 real to one u.s. Dollar, which is very weak. Okay But when I want to bring you back to watch this I'm going to bring this back folks because when When things are going great in brazil, you know, this is 2000 let's just say 2008. Okay, you're at 1.56 You know, you popped up to 2.6 nothing heavy, but then all the way going all the way over to 2011 2012 is still 1.71 and what you had there Is that brazil's a huge commodity? Sure. Okay, so we had the commodity will run there Yeah Now what you would you also had is that the the folks in brazil said there was a lot of them that were so smart What they did they came here because they go back and forth to miami like nothing, okay? And you talk about buying miami and buying orlando and that's why i land or they're huge the reason why you want a strong currency in your country is because commodities Are always going to be available to you in your own currency right? So if you start trashing your own currency What happens when you want to buy? Gold yes oil right you want to trash the dollar and you're not going to be able to pay for oil because your economy Worthless in terms of your currency, you know, when you talk about wood right you want to buy wood woods based In in all currencies. So if you trash your own currency you want to buy, you know real commodity goods That's where it really could hurt you when your your dollars You know what not worth what it used to be because commodities are priced in every single currency across the globe So it's really easy to you know compete with companies And and specific, you know, and I get it, you know, whether it's brazil devaluing There's and it's going to help them in aluminum and steel or whatever it is But boy, oh boy, man. They're just a mess. That's why it is, you know So yeah folks tom and i come right back. 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If you would like more information about the tiger first mortgage program, you can call me at 877 518 9190 That's 877 518 9190 If you haven't checked out the newsletters page of tfnn.com What are you waiting for all of the tfnn newsletters are informative up-to-date affordable And must have for every trader looking to gain a competitive informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news Plus news subscribers get to test drive our newsletters risk-free for 30 days From all aspects of the markets including stocks bonds metals commodities and tech There's a newsletter to fit your needs exclusively from tfnn Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game Visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors Biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or Labd directions daily s and p biotech three times bull and bear ETFs Visit direction investments.com slash biotech today An investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at eight six six four seven six seven five two three The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv. That's tfnn.com then hit watch tiger tv for the latest market information Looks uh, down. That was up 175 nazis of 48 s and p's are up 22 Let's go over to our mammoth to teddy keg staz. We do each and every wednesday at 40 past the hour You can reach teddy folks at every trading day at 4x dash trading dash unlock.com That's 4x dash trading dash unlock.com. In fact when tommy and i were hunting uh I'm in teddy this morning You go up in a site and they're pushing us right to the st. Peter's uh power and uh sailboat show Which we actually can see out our windows. We have geolocating uh ads online, right? There we go St. Peter's work power and sailboat show let alone the great site 4x dash trading dash unlock. There we go How's that teddy we can look out our window and we can see the boat show It's right outside that it's we're only a couple of walks away from the water But that was so cool bad thing to be looking at it's pretty cold here in chicago Oh, yeah Well, hey, we get a lot to talk about today, man We have a very good day to talk about the currency the dollar index is making some pretty big moves over the past couple of days Yes, yes, and how about that pound? It looks like the pound just broke top side, right? We we finally got our breakout to the upside and uh, you know, I was looking for it to hit 131, you know after like maybe a couple of sessions, but it just did it in one little shot today, you know So very impressive move. Yeah, so when you when you get something like that, you know I guess the pound the we had a couple weeks for the knowing what's going on over there but when you get a continuation move like that Is Are you looking for like a 133 135 in the future? Or does it just stall out for a bit? How does that normally work? Um, well normally if it wasn't because i'm looking at the dollar index right now I would say that I think the pound would probably take a little bit of a slower grind up towards one about 32 about 33 Okay, um, but if you look at the dollar index in the past couple sessions It made a higher move high and then as of yesterday made a lower move low and had a really big range over a couple sessions Um, that's a very negative indication that the dollar is probably going to be under pressure for a couple days And I think that might give a little more lift to the pound and have a little more volatility I mean the pound when it starts to move if a day like today could be followed up by another day That actually moves a two two full dollars easily really interesting. Yeah, and it's been down for so long Right. I mean, you know, right and depending on how long you have, you know Basically been around folks the pound you don't see the pound a lot of the doll 30 every time you go to europe Well, every time recently at least yeah, you know the bottom line is that I remember at a buck 90 I remember the 210. I mean, it's like a closet over there would cost you a fortune Brexford's been going on for three years plus so it's become a new norm. Yeah, right Right and the way it based that you know over the past like two months, you know, how it was wedging Yes, I mean it is held solid with very tight ranges, which is not normal for the pound And I think that with their election. I think it was December 13th or 16th. I can't remember. It's one of those states So I think I was expecting it to kind of just grind higher You know things were looking kind of positive for like, you know, boris johnson But now I think with the dollar index under pressure like it is and I if you look at the uh, the swiss It did this it looks the same as it as the dollar index it made a higher move high It looked like it wanted to really kind of make hold that parity and then all of a sudden it collapsed You know and made a lower move low So that's a neutral to bearer sign for the dollar index the swiss the yen However, that's the one I tell you guys It's amazing how it gets beat up with the dollar initially and then all of a sudden as the dollar is getting pounded Somehow the the dollar find strength against the yen Yeah, yeah, which I don't want I know you don't want it Hey, it is who it is though. I that is true. I get that there's no doubt about that, man It's the one anomaly of the of the major currency cross rates I mean the new zealand dollar looks like the british pound too today. I mean, it's unbelievable how high it is So and that's a big deal because when you start to get your lesser majors that actually are moving that much That volatility that kind of arranged then no matter what the dollar index is going to look heavy And then currencies like the euro which were up today, you know a kind of almost unchanged You know, they could still rebound and make a run for the highs again at the pound stays up there Yes, no, I can see that and you know what it's intriguing. You're talking about the Um currencies from, you know other smaller nations, but a lot of them are commodity countries That hits the commodity market pretty intense. You know, like uh, we're looking at the ozzy dollar Do you know what I mean versus iron ore? I mean it gets really intriguing in the context These these countries have been used to low Uh currency rates and you know the commodity market itself I mean in a long run, they're going to be 10 times better You know, of course if the commodities go up because then they're all going to have strong currencies, you know You're going to watch the CRB index now. Yes. Yeah the variation man Like in some of these I guess in all countries. I mean I listen. I dollows at 70 what you know, eight years ago That's 98. I mean huge moves. I guess it's you know, all currencies, right? I mean they move quite a bit once they stop moving They trend. Yeah, they trend. I know momentum So but I think the dollar index is something to key off of and now these rumblings, you know It's it's a trade deal stuff is kind of always scares me because I know a lot of stuff overnight Especially in Europe. They were saying it looks like a us trade deal is starting to look closer to possibly happening That really scares me when that starts to make global news because tomorrow is the day where all of a sudden We'll say all the deals off the table again or something. You know what I mean? No, that was yesterday. It's heavy. There's those women Yes No, I I agree. It's that it's that dramatic my tagline was what a difference a day makes even this morning doing the updates Because it really is remarkable that yesterday it was hold on where we got a full 11 months until the election 2020 and then this morning it was wait It's going to happen before december 15th 11 days 11 months 11 days. That's correct. Yeah It's amazing how those things swing like that, right? Yeah, well, you know, you can see in this one fundamentally why it would happen I mean because those are huge taxes that everyone's paying You know, if you're bringing stuff into the country and those taxes go away It makes a big difference now if those taxes don't go away on the 15th of december There's gonna be more taxes that I gotta put in and my understanding is that most of that on the december 15th is on Consumer consumer goods. Yeah, you're talking about clothing retail 160 billion dollars with the goods and that's coming into an election here to bring it in again you know, is trump really gonna hit consumer goods As election season comes in boy He's gonna put a new bill in that all consumers are going to get money like all the farmers got money. Oh boy Here we go Yeah, right. How about it now? We do have the impeachment hearing that started today too So, I mean, I would be that's something that could weigh on the dollar as well for a couple days Okay And then I guess we get year-end fund and we get the repo market the repo market folks What happened is that the fed, you know, they're over subscribed by like billions They they put on 15 billion first 48 billion came in at the end of yesterday They went up to 25 billion so that repo market is the banks still need more money for the end of the year I'm surprised the fed didn't go right to 48. It's like, okay. Now. They're still shot 25 billion. Yeah, and we're December 4th so, you know that It'd be interesting to see where that scramble comes from You know, because I believe that the us banks need dollars You know, I mean say they need money, but they need dollars too. Yeah, you know, you can't you can't basically hold it I believe in other currencies As you come into that close of the year, but no, no, right dollars counting on the balance sheet Yeah, not not not yen or francs or whatever you want. You gotta put put them in dollars. Yeah The rebalance the rebalancing is coming no matter what there. Yeah, that's a lot coming down the line That's a good quote, man. We're gonna have a wild holiday market this year guys. I like it I like it. Listen folks You can reach teddy every trading day at forex dash trading desk unlock commas for us That's trading desk unlock dot com teddy. You have a great one safe one stay one. We look forward to speaking the next wednesday Thanks guys. Thanks. Thanks for the dollars next week. Oh, okay, man Seven days. Thanks teddy stay right there folks. Tell me now. I come right back I'm certain you are or strive to be one of the best of the best at everything you do in life It's the most common trade that we tigers and tigers share If you're looking to become the best of the best when it comes to managing your money Let me teach you to do what most wealth managers tell you can't be done Which is how to time the markets I'm steve rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals Which have earned me the ranking as their number one market timer in the nation for the s and p 500 for the last 12 Six and three months timer digest also ranks me as the number one market timer for gold as well The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the Best and what I do sign up for mastering probability today by clicking on the newsletter tab on the homepage of tfn.com And get immediate access to workshops where I take you step by step How to use an extraordinary set of tools as well as provide great market calls to sign up today If you're a trader in the market looking for exposure to gold or gold mining equities Then now is a perfect time to sign up for tom o'brien's gold report the summer is over Gold is trading back above 1500 dollars and the 10 year treasury is hovering at around 1.5 percent Tom o'brien has been writing his weekly gold report for almost 18 years There's no one that knows more about how the gold market trades and how gold mining equities react new subscribers Get a 30 day money back guarantee so you have nothing to lose every monday morning Tom publishes his weekly gold report with coverage of gold silver bonds the xa u hui gdx the dollar as well as more than 30 different mining equities as of september 3rd Gold report subscribers have five active open positions with an average unrealized profit of almost 38 for each position to see for yourself the types of profitable trades that are recommended within the gold report Sign up today by visiting tfn.com Since 1984 basal Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion While originally hand drawing charts from the late 1970s into the 1980s Basal noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later basal found that computer software which included the standard market technical indicators Enhanced the degree of accuracy in calling price turns as well as market trend calls Thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators basal Chapman advises His subscribers of his expert market opinion each market day with his opening call newsletter Right now you can get a two week free trial to the opening call basal's daily trading newsletter by visiting the front page of tfn.com Cancel at any time during that trial and pay absolutely nothing get your two week free trial to basal's newsletter the opening call today by visiting tfn.com 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 tfn.com Welcome back folks. Uh, that was up 193 nazik of 53 recipes up 25 folks And as you come over to our website at tfn and folks you're going to see right under featured content every trading day right now You get a morning market report. You get an afternoon market report. That's right, man I try and get up there every morning and every afternoon come in terms of what's driving the market action We've had a lot that have been easy reports to write man Because there's a lot going on in the morning in the afternoon We were just joking with teddy cakes that would a difference at day makes Yesterday the report was markets trade lower on trade deal might be pushed back a year this morning up trade deal back in action So a little bit of the highlights in terms of what's talked about the trade deal You had 80 pp rolls out this morning as well. We haven't really talked about it. Yes 67 000 the estimate was 150 Yeah, really be interesting to see what happens on friday, but you can click on the wednesday market report out there you get a quick Chart of the s&p futures up here as of about 9 a.m. This morning And you see the acceleration to the upside on the s&p the news on the trade deal breaking at about 4 a.m You trade in the s&p is of 3087 to about 3107 got nasdaq future chart up there as well ahead of the news Excuse me ahead of the open 80p headlines on there larry page. We talked about surgey brin stepping down That's the google chart pre market 1303. I think it's hanging right around that number You get the 9 a.m. Market update if you want to check that out A quick three minute update that I do at 9 a.m. Every morning ahead of larry pesadento's program And then just chart. So kind of what's moving this morning yet an apple trade and hire this morning I pulled up a chart of intel of course intel amd on the trade deal both always moving big and then um microsoft disney surprising disney closed yesterday 148 58 was up more than a dollar pre market this morning Exxon mobile oil moving big right and then links down there to tiger tv So check that out. This is the front page of tfnn those articles up there morning afternoon the whole deal huge Yeah, stay right there folks. We'll get that think of some coming up next now, man. Mr. Bowser tap and Steve rose day white I'll be back this afternoon. Thanks pal. Thanks, man Well, go get them folks