 The following is a presentation of TFNN. Power Trading Hour with your host, David White. Call now toll free at 1-877-927-6648 internationally at 727-445-1044. Now, David White. And welcome to another excellent edition of the Power Trading Hour with me, your humble, lovable and squeezibly soft host. As always, we'd like to come to you at this time. The following takes place between 2 p.m. and 3 p.m. And since we're not doing that anymore, we go right on. We've got a market that's down, but of course, I would say that I'm not going to put a whole lot of stock in what happens today and tomorrow. Today's the first day of options, rollover action, tomorrow's the second one. Like today is down 80% of the time, tomorrow's higher. It doesn't mean much higher, but it does mean higher. Back to back, when loss or loss wins on options expiration day are rare. When you compare it to a flip of a coin, 50%, it's about 80%. So if today's down, tomorrow looks to be kind of up. And the question is Wednesday, Thursday and Friday. Volume is not all that exciting so far today. We're only doing about 3.7 billion shares. Of course, we now go into summer trading and volume on Fridays and Mondays is going to be less. But we come on the three-day weekend and that's a pretty good chance of the character, if not the outright direction of the market is going to move. And of course, if you're bullish, what you'd love to see is these things come and kind of click a little bit lower on lighter volume throughout the week. What you do want to see also to confirm that or generally what will happen is you'll see the most violently shorted stocks rise even though the indexes tick lower. So watch for Tesla, watch for all the hated stocks this week. If they've got a 40% short interest on them and the volume starts to decline, there's the old chestnut on Wall Street and that is don't be short a quiet market. The ones that have generally done the worst tend to do the best in the next three or four days going into these three-day weekends, especially if there's a mountain of people on one side, as I said, maybe potentially short. Tesla got down to 195s back up to 205 last time I look. And this is when you start seeing kind of the washouts. I've already started buying a handful of things, anticipating a fairly decent turnaround next week. And some of those things are squeeze plays for this weekend or going into this weekend some are longer term plays and just don't get all caught up in the negative news because my guess is that we're probably fairly close to having it all priced in. The idea that it's not priced in about 30 minutes after news hits is generally fairly I discount. If everybody knows it, it's probably in the price. There may be other things out there. There may be weasels and snakes and vermin on Wall Street running around throwing cold water on the market because they're short or they want to buy stocks at a lower price. You never know the exact reason why they do the things they do. It's just they do them and they can kind of push and do that. But we're down today. We don't have volume. You've got a couple more days to get volume Tuesdays and Wednesday Thursday volume will start probably taping or tapering off about 11 to 12. That is when the B team shows up on Wall Street. And that's the A team traders, you know where they're at. They're already packing their cars. They're already headed for the Hamptons to go live the life of the rich and famous. It's not that they say have more money. They're just better than the rest of us anyway. They're headed off to the Hamptons with their loads of cash and they'll sit five, six hours trying to get up there and try to even hit it. My guess is they may even leave Wednesday night. Every time everybody wants to leave a couple more hours early into these weekends and it just kind of creeps more. I saw that there's a company making a load of cash with I think 15 minute helicopter rides for 500 bucks up there to the Hamptons just to dump people off so they don't have to sit in traffic. But be aware it's not uncommon to see the sell in May and go away. I got to sneeze. Boy, now that was quite the sneezing fit. If I get a little bit of chill and these lights that Mr. DeMille put up here so it looks so good on streaming video, it's the combination of lights and a pre-destination with cold and actually it is genetic. I think I've said every that before but it overwhelms the ability for the brain to take in more stimuli and the result since the nerves are right next to the sneezing nerves as you get sneezes even though at the moment don't have any allergies. All I heard from Marge Shot was a handful of things. The profanity I can't say here and Shotzi who pooped all over the docks, she had a boat right next to me when I lived on the river in Cincinnati for seven years but she had a boat called the double shot and her kids would come down there drunk and beat it up. It was more kind of a big runabout instead of the I had a cruiser with an aft cabin on it and I lived in the aft cabin. She'd get on there late at night and all I remember because Lou Penella was the manager at the time was Lou you got to find me a woman I mean a man Lou you got to find me a man you got to find me a man that's all I remember about it and Shotzi the dog pooping all over the over the docks he had to kind of watch anyway we're off 16 points on the S&P cash dows down 60 NASDAQs off almost a hundred the Russell's down four and my guess is you're going to start seeing the rebalancing of the markets fairly quickly apples down fairly significantly I've got a ax to grind with the CEO and the people slavishly sycophantively sycophantically covering him I've never thought a whole lot of the current CEO but now they're trying to say he's better than Steve Jobs and I'm thinking this guy's got some wireless earphones but everything else has turned to the brown stuff so I'm not a big fan we'll talk about that today it had a big haircut from the apple yeah about six bucks and he was busy virtue 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now toll free at 1-877-927-6648 internationally at 727-873-7618 and we got a bunch of stuff going on here we'll do a little bit of news and then we'll move on to questions and everything else as always we like a little history because why it's not perfectly a copy it does tend to rhyme on this day in 1873 San Francisco businessman Levi Strauss and Reno and Nevada Taylor Jacob Davis are given a patent to create work pants reinforced with metal rivets marking the birth of one of the most famous garments the blue jeans the people that made all the money in the gold rushes work people that found gold in fact there was only a couple of those guys that made big money the money that lasted was all the people that sold the picks and shovels got into the business of making them and Levi Strauss of course for coming up with blue jeans it's almost always a tenant that whatever happens the big land rush it's always people that are in the how can I say it on the sides of the business not probably the direct business kind of like Microsoft Microsoft made a whole lot of money but it made 100 now not just millionaire hundreds of millions of dollars for maybe more than a thousand people and companies that followed them so the wealth is immensely for the most part around the business and not the business itself I talked to a lot of people that all want to get into various marijuana things and I always say you know what look to Levi Strauss because it's always the stuff around it that tends to make a lot more money everybody thinks that they want to go for the the business itself generally that's fairly narrow especially in marijuana I think people are probably just going to go out and start making or growing plants in their backyard if you can grow 10 of them why would you pay other people to do stuff for you but I you know I can understand it if you're in the city maybe you don't want to do that my guess though is that if this stuff takes off that everybody's going to have a victory garden and it's going to be the other stuff you're going to be wanting to look for the picks and shovels and the Levi jeans on this day in 1873 uh let's go ahead and take a look at charts here and of course you have a lot of action today we've got a couple of questions Huawi which is the way I've heard it pronounced everybody seems to pronounce it another different way Huawi how we Huo of course it's Chinese and it's not anywhere close to the way that anybody pronounces it from what I hear they all laugh no matter which way we try to pronounce it has been a active arm of the Chinese communist government for a long time and I think it's out in the open nobody that knows what's going on that has looked at what they've done thinks that that can go on so it had to it had to end and of course it ended today Huawei I've seen it Huawei I way uh I almost pronounced like IX been and everybody will tell you and then the people from Huawi or Huawei will tell you it's nothing like that so apparently it's not you can't even say the word in English apparently the way that it's anywhere close everybody tries and everybody misses uh but you've got a market that's kind of down in anybody dealing with phones and I think the idea was that if you just made phones you'd be able to sell them in China like Apple where most of the people don't make a thousand dollars a year but you're going to sell them a thousand dollar iPhone I never understood that kind of thought there's about a hundred million people out of the 1.2 billion people that make any money in China the dirty little secret is if you want to talk about the disparity of wealth it is mostly in China you got a fairly narrow 2% up at the top about 100 million people that live okay and the rest pretty much live it on 50 bucks a month or something and the idea is that everybody that whole billion.2 people are going to be able to buy stuff I've never understood the whole idea there have been a hundred companies that have gone to China and only to fail because they're not big fans of giving everybody a free ride from another country they are very very much into the whole China first thing there's a if you if you know anything about the way that they teach people it's it's kind of China forever and it's been around forever and it's always going to be there and there's kind of this real patriotic thing about being Chinese and everybody else is just you know their money is yours if you want to take it and we're not going to say anything about it because that makes China better and we're you know when people complain about the USA first it's a hundred times worse in China and they're brought up that way there's there's nobody tearing down the Chinese flag I'll guarantee it at their elementary schools are telling them they can't say pledge of allegiance I think that they probably don't go too far if they don't so a lot of people just kind of are messed up on it I don't think that Apple deserved go to 215 I don't think it probably deserves to go down to 180 on this news it may be worth a whole lot less but it was worth a whole lot less six months ago and not today as I said don't like the way that the CEO is out there virtual signaling everybody and trying to apologize for me anyway he's trying to sell a big load down there and Tulane on the graduation speech I wish he'd get back to work and start making a product that someone wants to buy he's had six failed products and one success that's the cordless earphones other than that since Steve Jobs died he hasn't been on the cusp of anything other than slightly making a newer version of everything else other people I mean that Steve Jobs did so I don't understand this whole thing that he's better than Steve Jobs I don't think history will be kind to him I think the history will probably be written just about like it is for Steve bomber at Microsoft as soon as he leaves this thing's probably going to take off but most people will not say that because they're afraid of being called some bad names if they say anything about him yeah of course I'm fearless at that I don't think you know there's a reason why the socks down that is he promised something that he could never deliver and that was China Nixon went to China so did the current CEO of Apple and got a handful of number 13 what else do we have going on out here in the questions that here anyway all the stuff I think it's all going to blow over probably sooner rather than later but I don't think there's a big deal we know that China has had ideas of invading Taiwan for a long time and they're mattered in Hornets because they think we're standing in the way kind of the same thing that Japan was at about 1936 we'll be back after this 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 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going on anyway it's no secret that China wants to invade take back Taiwan they've wanted to do it they thought that they would get a weak president that would lay down and so they're going to fight a bit now I don't know if that's a negotiating standpoint with the president but the question is how would it how would China get all those is their army across the straight of Taiwan Taiwan has been a little bit of money to make sure that they could sink most of the ships coming across certainly China could do a lot of damage and the question is what would it do to all of the semiconductor business out there but I don't think that China is going to get that land back and no matter what they think they're going to want to expand their fear their sphere of influence I don't think it's that much different than Japan probably in 1936 1938 when we had our trade tariffs with them over metal because we saw them building nothing but giant battleships to come savage most of that land China's kind of in the there are more in the kind of the mob way where they'll just kind of lean on people and lean on them and lean on them until they break and I think that's probably more the issue that we see today but probably wouldn't be left in Taiwan if they attacked it those semiconductor plants are fairly sensitive to anything happening and you could shut them down for a year if you knew what they were doing and I suspect that most of the people that work on those plants would be more than willing to shut them down for a year if China attacked them in the meantime we could have up places other where and of course as I've been saying most of the smarter people started moving stuff out of China why I don't think Apple is much affected by this for manufacturing because they've already moved at least three-fourths of the apple production with Foxconn out of China in India and of course most of the other chips that are actually made for iPhones and other smart chips are either made and smartphones are either made in South Korea or in Malaysia the chip ones and the cheap ones in Malaysia and Vietnam some of them and and the rest in the in South Korea the big winners on this are probably Vietnam Malaysia and India as more people will probably try to get away from getting hit by China China's trade tariffs India has always been a little bit afraid of China since they share a border so I think we're going to see a big recast most of the fang stocks probably going to be weaker across the summer we're going to find a lot of business going on here in the United States as people try to figure out how to make products that used to come from China and eventually I think that's going to be extremely bullish for the United States to have manufacturing back in the United States but you know I just don't know how actually more people making more things than you in the USA is a bearish case other than slightly higher prices for a while but I don't know everybody's always kind of downer I'm kind of always nervous at highs when everybody's bullish and I'm always kind of sanguine at worst that when we're off and selling I always think that having kind of the opposite view of the world to where the market's going allows me to at least look for opportunities that most people would not and of course I'm not really into the negative waves of everything's the end of the world for the United States just doesn't seem to go that way anyway we'll look at Tesla here real quick I did get down to 195 this thing's finally got a short position back up to the highs now which is around 40% so don't be surprised if you have a couple of rip your face off rallies this of course is a paper tiger so it's not beyond the scope of reason this thing opens up 100 bucks down one day or 50 bucks up one another day it is problematic at best anything else going on our first questions out here did they had to answer everything the keys slam dude wow you think yep they're a big customer and they still will be where are they going to buy anything like that Duffy in the den is talking about buying test equipment that no one else makes where are they going to go I don't know anybody makes anything like them certainly at that level they're going to have to buy the stuff anyway even if there are tariffs please comment on your understanding of the impact of Taiwan Samaican like I said I don't think yeah they're going to buy it great market from somebody else they always you know if you need it you're really going to buy it Russia did it for 30 years it's not going to be uncommon to do that and people will sell around but I don't think that there's a big long-term impact on Taiwan semiconductor I think the only difference is the chips they're going to be buying now are going to be going to Vietnam Malaysia and India instead of China that'll get sorted out fairly quickly but like I said most of these people including Cisco you know they said that they saw this coming a year ago I didn't understand continuing to have products made in China and having your intellectual property stolen some things held up it wasn't a great deal for most people when you can go to the smaller countries and those smaller countries are going to be more than happy to pick up that business that has left China so I think it's a win-win as soon as everybody gets over this Debbie Downer business and I think that happens this week and eventually I think you know when we look at the amount of people that could potentially lose a job in the United States for every million you have here you're probably going to lose 20 to 40 million in China so there's a real asymmetry to how this is going to hurt and you know it's I think it's going to get settled I didn't think it was I thought it was going to take a year but if it continues at this pace it's either some shooting or the deal gets signed my guess is that China after acting tough for a little bit will come back to the table will make some kind of deal that everybody says they hate so that everybody is happy that's it yep there's just too many ways to get things and if you make something that you can't get elsewhere which is like textronics products or the rest of the stuff there's just there's not going to be a lot of people that can go out and build something like that it takes a lot of black magic to get a lot of stuff done and one of the reasons why Qualcomm is still not going to have a whole lot to fear is that they're not going to you know you can't just steal their intellectual property and go make something unless you have the people behind it black magic that's when stuff in technology is a little bit more than ones and zeros you know it's not like stealing a program when you're making integrated chips especially the way that they are now we'll be back after this give me call 877-927-6648 if you're in the cd market and looking for a secure investment the tiger first mortgage program may work for you the security for 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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 new 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 are china ashares hot or not if you trade china ashares now may be time to take a closer look trade chau or chad directions daily csi 300 china a share bull and bear etfs china a shares in either direction visit direction investments dot com 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 866-476-7523 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 i was uh uh going with a friend uh you starting a business and cnc and he took me to go to the cnc festival this weekend mostly because of the trade deal apparently everybody and their dog is buying a cnc machine and getting ready to do a lot of manufacturing here in the united states and avoid the tariffs and uh they were selling a lot of machines both the two companies haas haas and tormach and there were a couple other ones out there but those guys seem to be getting all the action and uh talk to a couple people who are pretty interesting stories to tell but uh i will digress later um gonna look at some of the other stocks again we're off like 22 points so we're gonna pull back down as i said last week uh certainly looking for a market where we can pull back with lighter volume into friday setting up uh a a summer rally maybe in june all we need to do is get a little of this fluff out of the market which might take us back down to the lows somewhere around 28 10 on the s and p cash um was going to look and see how some of the stocks reacted today that we had been doing real good that hadn't been beat up already uh twillow was one of those t w l o down a little bit but not that bad today certainly no volume so far the thing's been hanging at the highs with no uh big uh push uh if you're on the wrong side today as i said uh i can't guarantee a higher price tomorrow in the market but 80 of the time you get it on options bounce on options uh treks don't know much about this company was looking at it uh it's coming back into the trading range march 27th 58 dollars 96 cents 2.3 million shares and uh and friday we were down on a million uh did hold the low uh but what looks like we're gonna close back in there with uh about 400 000 shares so far today uh corvo of course uh getting kind of close to the previous low of february 8th that was 59 dollars 56 cents uh 3.75 million shares only have two million shares 2.1 million shares now so you're probably going to get in there with about maybe three million shares so you're going to be lighter than that february 8th low of course that's in the smartphone business m o s uh which is the mosaic company looks like it's coming back to this long level of support that goes back to a gap uh on uh october 31st of 2017 so you're coming back real far on this and again i like that old uh hog pit trading thing that's uh selling why they're yelling and buying why they're crying this uh for you know if you're looking for probably not as fast of a stock for me but you know this pretty nice trading range if you get this thing down in the uh 21s somewhere this looks like some pretty monster support that probably going around for this company for a while uh guide wire see that one uh at the top did test a previous high on half the volume uh energy wasn't that bad though up that way uh 107 79 was the september 17th high with one and a half million shares got into that with half the volume a couple days ago and you've pulled back down but you know what volume infinitesimal 252 000 shares today uh 626 000 shares on friday 752 000 shares on thursday um so we're going to have to see some of these things actually break to start getting me uh thanking really poorly uh gopro we talked to uh tom friday about uh dji of the drone company getting into the business against gopro amazingly gopro down fairly light that may be because d uh dji is actually a company from china so why gopro may have a worthy competitor it may have problems coming in the united states at the right price uh but certainly some of those are already in there and uh if the trade deal gets settled i would look at gopro as something of a dinosaur or going the way of the dinosaurs uh are any chips or caps uh resistors made in the united states uh don't think so uh i i think all of them the last time i looked we either made in malaysia or vietnam um but that's just for memory maybe you can tell me different i don't think any of them either made in china i think those they were they were so cheap that no one would even look at them in china we had to go to even uh different kinds of areas i'm not saying there won't be any disruption but i think that they'll work around china fairly quickly uh to to to okay let's look at some other ones cvs was kind of interesting me uh this looked like it was getting back into some lows and testing some lows i just like that the energy was a little bit more coming down here to the last low you got a couple of lows out here in the top 51 area in the high 51s march 8th and april 2nd uh that were just under 52 bucks both around 22 million shares uh friday had eight million shares you're back into the trading range this may be one of the health care stocks that does well as they uh look are looking to do more things uh with uh nurse providers at uh cvs uh stores and uh the and the like uh i don't know how far that's down the road but these things may become kind of mini hospitals or at least the first line of defense uh and that seems like a fairly decent use of money but we shall see c rl charles river laboratory filling the gap up from the 12th of february that went up with 540 000 shares today we are closing that with 157 000 shares so i'm just saying that there's opportunity out here just turn that frown upside down let's not all get too much on the wrong side of the market here if it's going to pop in a week not saying it's happened today um now curris which i don't know c r i s huge pop up to two dollars and 65 cents for a penny stock been kind of playing around here it's finally gotten back in here where i generally start taking a look um not a huge volume stock but uh there's something going on here you probably want to take a look at that uh one of the ones that was probably the most important that i could think of was caterpillar this goes back to this sell off on the third of january of this year that day we had 6.1 million shares uh today we had about 4.4 million shares so far uh friday about 6.1 so heavy machinery does look to be rather weak c a r is another one uh oh yeah i'm just going to have to play enough with the negative waves things will work out and it'll be great in america i can't get i can't get too sour nor too euphoric uh up on the 21st of february and uh you know that gap about half filled in avis budget group car c a r i don't know is that business going away this one may be uh certainly an issue going forward but that's uh i think that's kind of odd man out c a r but it is uh doesn't look too bad on the chart we'll be back after this 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 trait 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 at 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 david whites newsletter the technology insider is focused like a laser on finding the next big things in technology if you had invested only ten thousand dollars in microsoft in 1986 you'd have been a millionaire by 2000 disruptive technology like microsoft's is the key to these massive long-term profits and the tech insider is the vehicle from tf and then to capitalize on these opportunities this is the go-to newsletter that identifies monitors and profits on mostly little known cutting-edge companies with great long-term prospects david's experience is as an inventor of emmy winning animation products for tv and hollywood that propelled a company public match that with 14 years as a full-time trader and he's uniquely qualified to guide you through the light speed world of ever-evolving high-tech if you're ready to ride the next big technology bull market for less than 40 per month log on to tfnn.com and get your two-week free trial to the technology insider get in on the ground floor of the next big thing today 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 and 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 tfnn.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 tfnn.com catch tom will brian professional trader and educator founder of tfnn also a special guest on cnbc tom will bisect and dissect the markets the tom will brian show next on tfnn and we had a question i think probably the best way to answer it is uh what warren buffett had to say why he says something specific about a stock i very rarely pay any attention to it but generally he has kind of words of wisdom and uh that was kind of the one thing he he said that makes a lot of sense is the reason most traders don't make money is that they uh kind of let their emotions rule to the opposite side it should be uh but warren buffett had this to say and that is you try to be greedy when others are afraid and try to be afraid when others are greedy and that's why i don't get too much and uh too depressed when the market goes down and i don't believe too much of the hype when it goes up i tried to at least stay somewhat balanced instead of the end of the world and uh the sky is the limit and pie in the sky uh it kind of ends up averaging out over time so don't get too wound up uh or too uh to a bit out of shape as i said i'm kind of looking for the market to come down on lighter volume into friday and set up a june buying rally we'll see how that develops that is uh uh just a scenario and but i think uh probably could do fairly well i think that the the news will get uh priced in fairly quickly to the market and we may have a lot of new winners and new leaders as we go and start next week when we come back on tuesday i will be gone on friday uh and through next week all the newsletters everything else will continue but uh i'm going to be working on other things in seattle next week and uh we'll talk about them when we come back but that's about it don't get too wound up while i'm gone uh we're off 24 points on the s and p cash but again we're going back and testing some very uh big lows and so far just 4.2 billion shares so well that you know maybe the volume comes late in the day and i will change my opinion but so far not the end of the world just yet so when you can not when you have to and we will see you here tomorrow same bad channel same bad time