 The following is a presentation of TFNN. The TFNN Bull Bear Trading Hour. Every trading 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 Trading Hour. Now, Tom and Tommy O'Brien. Welcome folks, appreciate you growling and prowling with us out here. We have the Dow Industries down 311. You get the Nasdaq off 106. S&Ps down 36. Gold contract flat 12.84 oz. We get Silver down 3 cents. $14.89 an oz. Light sweet crude off a buck 15. $61.10 a barrel. Notes and bonds. They continue to want higher price, lower yield. You get the 10-year up 9 ticks. $123.29, 30-year up 19 ticks. $148.13. Now both of them folks went topside yesterday. Had volume behind the move. Gave it up on price. Right back topside again. Volume once again. These things want to break topside. King dollar. King dollar up 132 ticks. Trading $97.400. The year is at 111.85 to $1.00. The year is at $110.50 and the pound is at $130.00 to $1.00. Go catch some more. This is the 80-day U.S. dollar. It didn't take long to come right back downtown. I got a little déjà vu, man. Is this Monday or Tuesday? Well, especially if we take a look at this Nasdaq folks. The Nasdaq is just about, just give it a few more minutes and you're going to be right at the low of yesterday. Let's go over the line, man. Mr. Kevin Hicks from TD Ameritrade, and think of Swim. As we do each Tuesday, Wednesday, and Thursday. Don't forget, folks, outstanding program. You want to understand options, do it folks you want to find risk because it just depends what is said in between market close and market open as to where this market is going to be going. Kevin Hakes let's go on. Good morning Tom. Good morning Tommy. You know Tommy you're right there is some deja vu but this feels a little different today. This doesn't feel like the panic or the the noise that was in yesterday's report. It feels a little more I mean light hyzer's comments at the end of the day yesterday. Mnuchin's comments at the end of the day yesterday. We've got a congressman coming down on Facebook. You got the EU cutting their forecast for Germany again. Today feels a little different a little heavier than yesterday's trade did. I mean yesterday's trade look face it's Sunday night's trade. The lows went in 8 p.m. Sunday night Chicago time so 9 o'clock Florida so that's when the lows went in and the market was kind of getting stronger the day. We'll see what happens today. It's there. There feels like a little different feel to this one. Yeah and you know we Kevin's saying here folks okay panic is one thing but you can come back to panic in a second when you get a heavier feeling. It's a different it's a different cell. It's a different night. There is some uncertainty. Now the uncertainty surrounding China the fact that this contingent is still coming to the United States on Wednesday and they're going to still negotiate and still things could break back. You know what really changed. I think a lot of this is a nice 3.2 GDP print change this US is you know clearly winning in terms of the strength in the economy. You saw we were down less than 1% yesterday. China as you saw 5.5% and 7% in their markets. So pretty big moves coming here and you know you know this time. This is a high stakes game poker going on right now. Oh there's no doubt. You know I mean I guess that one of the the one of the problems I see flat out is that you know this S&P our own S&P guess what those companies whether it's 80 or 90% of that stuff comes from China that they're doing. They're either gonna eat that 25% of they're gonna raise prices. So it's serious business of your fundamentalist because guess what 25% is no small deal man. You know so we'll see where it shakes out. I suspect that at some point they're gonna eat it for a bit. You know I can get bumpy though. I mean until until we get some word out of these negotiations on how they're breaking up although Tom you and I've been watching the markets for a long time and Tommy has to. I didn't think this was gonna be a quick. You know China plays a very long game with their economic moves and they have a different agenda than we do frankly and I was kind of surprised when I heard some of the comments coming that was moving along and going along pretty quickly. I was very skeptical about that and still am frankly. No there's no doubt there's no doubt. Hey you know what do you think about Boeing here. You know it's really interesting that it seems that for a company that had so much trust you know it's like wow they got a great name and you know you read like that they were laying out here for like seven eight months and it's like man I mean it hasn't broken its lows but it's serious business man they gotta they gotta go back to you know public relations school some kind of school because yeah ethics would be good yeah that's what you're going for. I think we're trying to figure this thing out and guys this it's trading $363 just under $364 right come down here a bunch of times right and this is a car we cut it from eat from to $367 we're trading $363 so it's right in this key level here in the 360s to low $370s we'll see you know if you look on a chart our chart guys have a field day with Boeing because it's been down in this level this is a busy price level we're in right now so yeah I think I don't think this is a catastrophic cut they cut it to equal weight so yeah we'll see but Boeing's been a nice little trader for sure if you're trading it buying dips and then make sure you're exiting on some good rally and strong days it's been a nice trader yeah no don't I think you better be a little careful Kevin I've been listening to that program and this chat guys you're starting to come around a little I think. Hey listen I treat the chart as a picture and I look at the chart for levels a chart will just never make a decision. I know I'm only kidding. It's in trading listen believe me do you know what I mean I love it I love it you know hey we have fun and you know but I joke with those guys all the time you know every ship on the bottom of the ocean has a chart room I always tell them so I love it. That's a great saying man oh my god. I tease them all the time about it so we have a lot of fun it's a good two-way discussion that we have all the time but hopefully our viewers get both sides and get a clear picture from us going back and forth oh there's no doubt man there's no doubt and you know as when I bring you on every day it's the strategies I would say that I mean folks who are the pride the strategy is a phenomenal man I mean you know you can it's just there's no two ways about it man you know the whether you're peering trades where they're going into trades where they're coming out of trades to hold the whole ball of wax you know. So we try to do time and just pound the fundamentals right right and that's what we teach if you watch our show you'll see the fundamentals and then you take that fundamental and you add your intellect and talent and knowledge and see where that takes you. So fundamentally how much money is Lyft going to lose after the closing bell tonight. Yeah they'll lose money that's for sure. None of these companies Tommy have figured out how to make money yet you know they're all big growth stories but let's face it the way Lyft and later coming up Uber the way they're going to make money they got a cut payouts and they got a raise prices. Yeah and I frankly you know I'm having trouble seeing how they do that making angry a lot of people. They got to move we got it up there in the Analyze tab $5 and 25 cents only a $60 stock it better be man. Wow yeah that's a big move. That's a monster. We'll cover it we're going to trade it. Perfect. Folks right here 45 minutes from now Kevin you have a great one safe when we look forward to show. Thanks for having me on guys. Thank you. Stay right there. Tommy and I coming right back folks. The Taz profile scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence as you begin your trading day. It's likely that you'll be faced with lots of decisions in order to make the best decision. The first thing you'll need is a strategy that will help you minimize your risks whether we're in a bull or bear market. A good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz profile scanner instantly scans and filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve Dahl president of Taz market profile. 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You can still visit us at the same TFNN.com URL but when you do you'll see a new and improved homepage 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. Call now toll free at 1-877-927-6648 internationally at 727-873-7618 About 3.38 you can get the NASDAQ down 116 S&Ps down at 39 so let's go back and take a look at this whole session. So we back this down I guess boy they just waited for the market to close and I guess they waited an hour right? Yeah yeah the Lighthouse there I believe it was either story or a tweet that came up just kind of reiterating that they were going on at 12 1 a.m. Eastern time and it could have just been an interview at the end of the day 5 o'clock because they didn't do it between 4 and 5 because said oh they waited for the market to close you know it's like they'd actually just fell in that hour where the six o'clock well it was in between 5 and 6 yeah I just got the 10-minute chart up here so I'm saying I mean when the futures dove that's okay I think it's a gap and I don't think they trade between five or six another open right there okay all right that's 450 oh that's 16 yeah before 50 okay so yeah that might have when they got open back up then I thought it was 6 yeah so yeah I guess maybe they dove in the final 10 minutes though before because see it does gap between 450 yeah 1650 and then you go to 6 so it goes from 450 to 6 o'clock but it does look like they dove right before 5 look holy cow so see they are close for that hour 30 33 points they went down and then what you have out here this morning folks okay this is if we go over these end cues we take a look at the end cues this is trying to get into those lows out there the low was yesterday was 7667 we've made it to 82 thus far this is a early day man yes so let's go look inside the end the X 101st so you got Henry shine up five and a half percent that's a good move Starbucks up three tenths who that's scary then that's only the second one look at that now on the other look at my life I'm assuming what happened here so my lens down 14% you get clacked down five and a half where Jen runs off four and a half net net eases up is down four let's go to Mylon look at this hit so this thing dropped out of bed it's earning season wow look at that yeah so first quarter revenue they missed by 190 million which is quite a number when you're only taking in 2.5 they're supposed to take in almost 2.7 they did beat on the earnings somehow on that number 82 versus 79 when you look at the fiscal year it's quite a range 380 to 480 the estimate right in the middle so fiscal year earnings again quite a ray I don't know that's the same you can see it it's always intriguing to me that you know the market almost never buys that right yeah you can't you can't miss on revenue and somehow make the earnings right and maybe you can but that's you can't do that forever yeah exactly as in next quarter you better not miss again because you can't just keep making money right as you keep losing revenue so only cut costs to a certain level take this might be an ABC down and I assume that that's the last earnings they came out with because it's literally approaching three months maybe it could be a drug test to or something 32 that's not that big it looks it looks bigger than it is it's pretty look at this don't want to mess this is so this is down from 76 dollars holy cow 76 was 2015 yeah you're making your way down to this 17 bucks man 17 the top of that is 23 so right now it has you know it's got a little support here we'll see what you get sure that's pretty intense definitely inside the Dow industrials let's take a look at the strength versus the weakness out here oh look at this good old McDonald's only one stock well it's it's then the markets down a percent and a half right I mean you really got to be doing something extraordinary in your own accord to be positive today and it's only out of 30 we saw Nasdaq you had a couple yeah so you get Boeing putting 53 negative points Home Depot putting 23 Goldman 20 Apple 20 apples right back where I was trading yesterday yeah so yesterday you came down with 32 million oh it's gonna have more than that today you already at 7.7 million today yeah it could we'll see right it's a fast start when the futures are down a percent and a half it is it is oil the well the XLE the oil is taking it broke its swing doesn't look like it's gonna have the volume though we did three million that be point there of an ABC down as 28 million so okay you broke it no doubt about that yeah the oil contract itself yeah that about 42 CLM okay and it um it did the same thing in terms of gapping yeah this is some contract volume to yesterday we did 760 you're at 385 so you get some contract volume I'm just pulling up real quick because it was interesting so there's the drop even and so this is why I was saying what figure I it might have been because look now I guess that is I want to get the full whether that was because the oil did the same thing so see how it's I wonder is 4455 even that's a five-minute bar so I must remember right before five o'clock but just here in the same deal you don't get any charting between five and six yeah but crude oil if you figure it there actually this is last night same thing right so you can see that it didn't make it all the way down but then but the gap between five and six monster yeah it opened at 62 and then even from about 1 a.m. we'll call it maybe 3 a.m. you trade from 62 41 down to almost almost $2 I mean to $60 oh boy how many sixes are in that number 6666 watch out wow and we're just missing 1 6 to have five in a row 6105 nonetheless I mean pretty pretty remarkable run and we get API at 430 tonight right and then EIA tomorrow yeah so you get let's go look at Walmart because you know let's see with the because Walmart no doubt it's gonna be one of the companies that it's not moving though that would be you know 25 percent taps across the board you know I don't know what the percentages in Walmart our Home Depot all those sure that is from China you get home depots get hit it's down 329 yeah that's breaking let's see it's 4.4 million but you're right not more than basically even the market you know as in the markets down just more than a percent they're down about a percent and a half so although those that's a bigger number yeah I mean they're down excuse me two and a half percent we'll see this whole baby's gonna shake out but you can expect this volatility to continue that's the real bottom line folks we'll see where this shakes out now notes and bonds we're below 2.5 again on the 10 year okay you you get huge volume today in the 10 year so this thing wants to break top side word look at this we're done a million contracts sure we've done 1.4 million but we need that because 1.9 it's going after I think we've done we've done 1 million right yesterday was 1.4 just to get everything that was 1.4 right that's what I was saying okay you know that what happened is that he had 1.4 yesterday 1.9 okay was going into but we'll do more than 1.9 today so this thing wants to break top side higher price lower yield 2.466 okay stay right there folks coming out of come right back I phone numbers 877 9276 648 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 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your copy of the art of timing the trade charts today by visiting TFNN dot 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 dot com folks dow dow is down to $67 to get the NASDAQ of $97 S&Ps up 31 and so lift lift is coming out this afternoon. Yeah. So right now we're trading at $60 80 cents. Is it 72 I believe they went public at 72. Yeah. So the analyze tab over here think there's some platform $5 and 15 cents. It's quite a move but it seems pretty fair as in would you want to give somebody a call sell a call for like $3 right I mean I wouldn't sell somebody a call for $3 if I own that stock even if it's covered. I need a little bit more premium for either side. So even if you get into so let's see we're going to I just want to see even how much so what is it it's the seventh today. Yeah. You get into May 10th right so we have a few days and this is where you can actually see if you want to take it all the way to the 10th Friday instead of the one day. Right. You got to move just over $6 whereas the one day move today $5 and 16 cents. Pretty cool how those play out and here what are we at 6089 so there's 6050. Oh no I see I was even doing it so they are charging that's not bad like $3 because it's on both sides right. Yeah. I was thinking even on one side to get both both sides for $5 because if you're bullish $3 doesn't seem that bad. No I have exposure until Friday. Right. Right. Right. So we'll see what happens. I was just you know I was listening to the one analyst that's kind of interesting. So they're saying that when Uba filed its IPO Uba said that they had 70% of the U.S. market. Okay. And when Lyft filed their IPO they said that 39% of the U.S. market. Okay. So these analysts are going to be looking for exactly what these numbers are today. Yeah. Both can't be right. Sure. Right. Yeah. And that's what you know this article is about just early and and so part of just the numbers that they're looking for so they're looking for active riders and that's going to be a big one. It's going to be revenue and it's going to be active riders. Right. 19.7 million active riders they're looking for up 40% year over year and up 1.13 million quarter over quarter and that's from a number of different things. So let's see they're estimating revenue per rider to be around $37.80 up from 30 up 34% from a year ago. Revenue per I wanted to quarter a year. That's interesting. Yeah. I because I'd be a good analyst for that. Not analyst. I'd be a good customer. I think most people would be. That's only one or two riders. I wonder what that's why I'm thinking whether it's three months or a year. I'm way over that for either one. It's probably the quarter. They're quarterly numbers. Right. And that would put the average rider somewhere around $160 a year for an average that seems to be much more. Well you know it's amazing if you're in a city parking cost more than like if we get out in town well we're down in town but if you know parking is more than the ride cost. You know I mean you can't park less anywhere on his 10 bucks and Uber's six or seven dollars. Let's say it's 10 with the tip or the tip whatever. Yeah. Yeah. So here's so just different analysts right. Lift share of the U.S. riding share market along with its EBITDA margin will likely be the focus of the first earnings haul. So based on Uber's financials we believe the list shares closer to 30% versus the 39 it gave in its S1 filing. High insurance and operating costs will remain a drag on LIFSE EBITDA which was minus 44% in 2018. And you know what I learned too last weekend one of one of these drivers is that so the way this insurance deal works right is that the Uber drivers are liable for $1,000 per accident. Okay. As the deductible is that the yeah. Yes. That'd be deductible. That's how that works and they still pay I mean Uber's even Uber and LIFSE they pay and the insurance is one of their biggest cost. Yeah. Yeah. And that's one of the things actually that they talk about that margins of scale offering no help at all because your insurance yeah because as you grow the insurance is just going to grow it's not one of these you think all right a bustling tech company losing money all they got to do is just grow and they're going to be able to leverage those costs across the same platform insurance for LIFSE and Uber one of the biggest factors that just grows right with the company in accordance. Yeah. Which makes sense right? Not totally. Yeah. Until I can I guess the danger would be self-insuring you know and I don't know how the ramifications of that are but yeah. Now why would you say that I only say it because we're talking about companies worth to the tune of 80 billion dollars. I think it has to do with state by state how many states you can self-insure okay you know what I'm saying yeah. So that's going to be that's a big move man whether you're going up five dollars or down five yes it goes down five dollars watch out yeah my god that would be a whole different ballgame. Yeah so I think Uber has somewhere in the neighborhood of 90 million active users and LIFSE coming in closer about 20 million is how that market splits up. Huge difference. Huge difference. I doubt about that. Eight seven seven nine two seven six six four eight let's go take a look at the GDX and see if I mean these gold equities you know still no action you know you're up six cents but you get a sideways move out here at least not getting crushed. The GLD is still set up nice. So the physical metal is set up better than the equities still you know bottom line is that that came back came back into its strength rejected it you know came back with that 62 million shares we came back with 36 as well as 22 so and good old King Dala you know that's still trying to get back inside the tire range it's only about a couple hundred ticks away from it so 97 705 is that number it's interesting that one says 665 I don't know how that oh there's the 705 right there okay so there's the 705 we're at 97 415 and you know what's amazing you know we haven't talked about it Brexit. Brexit is gone now folks okay right this reminds me like I don't know I think that was four or five years ago like grease was going to get down the tubes it was the like for a month that was the big deal they didn't have no money and then all of a sudden the European Union took care of it and then everything gets kicked down the you know yeah yeah pretty wild so let's go take let's go take a look at the pound anyway uh so the pound right now they got a new royal over there Prince Harry yeah that's why they're not talking about Brexit sixth in line right his idea is okay nice so he's got a while to wait no look it seems there's a new monarch every 80 years over there right now yeah wait Elizabeth the queen won't give it up she won't good for her I know so and she's been the queen since like 17 or something since she was 17 yeah some outrageous probably like since yeah 2000 uh excuse me 1917 yeah so buck 30 we're at yeah this still wants higher price man I gotta give a plug what is the the series on the crown on Netflix remember we talked about it for if anybody wants a little education on the monarch over there great series Bob based off a true story of you know of just her life in the early stages I'm going to see that you got it it was actually uh I believe it's Netflix so they got a lot of press they didn't because well it was amazing but they spent more than anybody had ever spent I believe on really like 120 million dollar production over to see two seasons um and it was because you're trying to create a monarch you can't do it on the cheap to make it real right the wedding dress they use for her dress just the dress in the you know as a as opposed to where it was worth at the time their dress was like twenty six thousand dollars you're talking about one wardrobe for these shows 30 grand here here here yeah but great show yeah because you just get to learn about her as she comes to uh because her father's brother advocated the throne so it came out of nowhere that she got in line yeah Sarah there folks tell me not to come right back if you are in the cd market and looking for a secure investment the Tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in st. 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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 principle 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 so dow dow's down 340 get the nasdaq off 129 s and p's are down 41 and uh yeah we get the exact time right now one of our tigers gave us the exact time which is pretty cool uh so you get uh i'm in peter from uh park city uh 458 uh yeah the 24 right before that brought it up pretty intense man i mean no doubt about it and what it was is they must have been speaking because you had uh let me just zoom in so you can read and i was just googling around so um you had minutian i believe and uh robert leitheiser um speaking monday and so that's they were probably just having a whether it was a talk with reporters a press conference on what it was but you have after they sold the future you have both of them all right let's let's stay in the reality uh but uh okay there we go so let's let's take a look at the uh see nasdaq let's go look at those nq's again because the nq's almost made it down to the lows yesterday and bounced oh here we go again ah we just had we just cracked them i believe we just cracked them right i think it was 67 yeah it is and see where it hit 68 yeah yeah 67 50 and we hit 68 50 yep bye bye though it's gonna crack them it's only uh 443 and let's bring this back on 1045 what what do you yeah i mean 43 into the hour okay let's bring everybody a long game so no you got yeah this this cell is pretty intense let's look at the e-minis that's right next to the low of yesterday that has that 83 yeah or 90 so it hit 89 thus far 83 is is the number so that'll be the battle lines those battle lines are going to be uh set up there quick yeah there's a couple of the uh tigers saying we need a fast tweet everyone needs a fast tweet everything so everything's fine now you know well i think that's what what like kevin was saying is is different is that it's not fine because you had the light hyzer and you had mnuchin right basically saying i know sometimes nobody listens to the president maybe for good reason when he just tweets his tweet storms but uh when you got the chief negotiator in the treasury secretary saying they're coming friday at 12 o'clock because the treasury is the one that puts it on right that's it here's the tax here's the tax coming in baby yep pretty intense yeah let's go take a look at some of the higher volume equities and see because i think what happens to is they are really they might show up wednesday but i don't think talks are scheduled to begin till friday oh really yeah so so there's no cutting that one off yeah um oh beyond me man this is this is they're beyond happy with their ipo look at this thing so you're up another five dollars you're trading 79 77 it's pretty amazing uh what did they go um 26 25 25 or 26 25 and they opened the following day though it like a huge number yeah they first started trading at 46 i believe so 25 on the dot easy to remember um yeah more than 200 percent at this point hey can you can you imagine you know i you brought this up yesterday to me the you know you do an ipo and you leave that much money on the table that's pretty intense i said you know if we're tfnn right and you're going public and tfnn's worth whatever 10 million dollars all right we'll sell 20 percent of it for two million yeah well three days later you could have gotten six plus million right for that same 20 percent of the company um and obviously much bigger numbers that they're talking about what is the uh what is their market cap right now five billion um and it's up more than two percent so they only pegged that company worth about 1.5 billion yeah coming i mean you know you're meeting with all the underwriters right they're saying listen i think we go for a market cap 1.5 billion i think we can get it out at that and in the span of four days the market says you guys should have went for five billion you're worth a lot of money exactly yeah and they uh you know right now they expect to take in 87 million this year we'll just call it nothing then now that was last year too i don't know what that's so that's i think that that's what they stated um but obviously all about all about the future for them yeah and it looks like uh you know tyson's gonna be in it's gonna be all about the future that uh yeah they're gonna they're gonna try with their own right yeah yep no doubt yeah let's go take a look at the tlt so you get the bonds on the move tlt you're at 124 56 that's over the last swing high i need some more volume it's going for the highs but high out there is uh 126 put this be interesting now when it gets up here because you get i mean this we've been trading with that range yep november of 2016 what happened November 16th the election oh 131 to 120 i'm always looking for when i see a chart like that okay that's not a charting move that's that's a fundamental what was going on in the world that just had that uh bonds dropped through the well pretty remarkable though that were were been kind of hanging right yeah and we are that's quite a bar man can we pull up the 10 year yield to me to start typing 10 year nope oh yeah yeah i think you're doing okay yeah no i just know literally uh 10 that's a it might be 10 year too i just uh i just know that that's uh look at that right yeah pretty remarkable and i gotta back it up the same way would you put on three year right and there is uh so pretty remarkable though that we were into that bar on the price but in the yield we're not into um what we're doing back then right pretty interesting how does that work right well i think what happens is it this is deceiving sometimes and you you got to put the crosshairs on it to see where it is because it blows my mind that so we're at oh you know what i'm on a weekly were you on a monthly no i'm not sure okay either way maybe i was either way we're close yeah so you can see you know way up here we were at let's see look at that 3.25 and then 2.3 yeah yeah we're heading for the 2.3 again man and then look at that right yeah 1.3 1.3 that's that was april of 2016 is a yeah yeah let's see let's see what uh 30 year look at that 2.8 on a 30 year that's impressive i agree you give money for 30 years and you're only gonna make 2.8 percent and that is 2.08 all the way down there for 30 years and that looks like it's going to the bottom of the range too and now see that one is underneath yeah yeah yeah so they're saying longer term that that's why this holds the deal about the the longer range is saying okay there's many analysts that think that the rates are peaked yes you know that uh we're going and the market is saying that too this this market is definitely saying this i mean we're we're right into that bar already so that puts game down to 2.6 pretty incredible yeah but it's not incredible as we say once you look around the world rates sure right now our rates are still dramatically pretty high um market almost at lowest here right yeah pressure there's pressure out here you get the down on 357 nasdaq is up 136 nasdaq i mean s and p's are off 42 i think we got there on that nasdaq to that number two check it out when we come back okay stay right there folks Tommy and 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 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 home page 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 it's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th 2002 when gold was trading at under $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the xau hui gdx the dollar bonds south african rand as well as 25 different mining equities with specific buy sell recommendations as of April 1st of this year the gold report currently has eight active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30 day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of tfn.com don't let gold's next big run pass you by sign up 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 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 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 back folks uh dow dow's down 366 nasdaq's off 143 s&p's down 43 you want to go to the nasdaq yeah blew it apart we were just there thank you m9 uh oops nope nine there we go i'll get there gpo uh it was so the low yesterday was 766750 we're now uh that was a quick little drop to 7653 and you can just see visually we're below that level man these are some big bars going on here um even if you're not zoomed in i mean we're talking about yeah what is the span here the span here is from 77 34 to 7832 that's about 140 points the span on this bar 7667 to 7817 that's 150 points and uh same thing about 150 points two percent two percent two percent real action um with that in mind what are we at in the vixx because if we're doing two percent every single day man the vixx should be far above even 19 um put it on a little bit closer time frame there was your acceleration coming into the sunday night deal and then we got all the way back down almost 15 yesterday but boom right back up there in 1954 and you know if you if you if we look at that you're going to see that even when the market made it all the way back the vixx was still staying pretty high yesterday wait sorry look at what we come into the close the vixx was still staying high it was at 15 that's i just looked at it okay yeah that's still high i mean yeah let me put it on this one to be what's kevin always tells us long-term average is like 16 or something i'm just you know to be under 16 um you know we made it to 18 it closed at 15 50 55 so yeah they're still charging premium yeah and yes i think it should have been higher that's so that's my only hesitation there is and it might have been high but 15 is not high when you're up 2 percent down 2 percent in the middle of the day and you got tariffs coming and as we saw it didn't take long it took one hour after the close stay right there folks we get a fast market coming up next and we got our man mr. bowser Chapman steve Rhodes Dave white i'll be back this afternoon thanks for the expert yeah we'll get them folks