 The following is a presentation of TFNN. Good morning, market kickoff with your host, Tommy O'Brien. Good morning everybody. I'm Tommy O'Brien, coming to you live from TFNN Thursday morning just after 9 a.m. Eastern time. We got about 24 minutes to go until the start of trading. You got markets reversing basically all the intraday action yesterday, met us some strong earnings man stocked up dramatically after hours last night on their numbers. Tonight we continue the action with Amazon, Intel, Snapchat, among some others. It's been a pretty spectacular week for the tech companies, right? Microsoft, Google, you get meta earnings. Now we come to Amazon earnings, Apple one week from today. We get a Fed decision six days from today. Markets sitting at $4,100 on the S&P, it was quite an acceleration yesterday man. You were trading at a higher price. It's taken a look. Now Microsoft had quite the banner day yesterday, right? You trade from $2.75, you close out at $2.95, closed up $20 in the positive. Google, much different story. In terms of the action you got Tuesday night, you spike higher on the numbers, just going into the action we had from yesterday. Pretty interesting folks when you put this on a Fibonacci basis, where did we spike to the 1 to 618, right around that level. And I know you ballpark anything, you can find a level. But it is remarkable how many times even when you look into a 1 to 1.618 expansion Google got up to about 107 yesterday. You gave up almost 3 full percent almost into the close. You closed it out at 104.50. Today we're basically flat again. Google, spectacular numbers, okay? Markets still a little skittish on Google. Maybe losing that ad revenue for being the search giant. They dominated it like 90% of the search market. Seems like that's going to go away to some degree. They're going to be an active player. But controlling the internet search market, 90% of the searches and you think they've been doing it for 20 years. You don't have to go back far in history, folks, to see how even the best companies around that dominate lose their top post at some degree, at least 90%. I mean, the internet is the future. The internet is the world. They control 90% of it. And it seems like finally AI and Microsoft and Bing might give them a run for their money and the money indeed. Google, pretty flat numbers on their numbers. Now, meta, not the case, man. This thing is rocketing even higher. Check it out. We're going to be up $30. Meta's going to jump up 15%. And you're talking about a company that had about $18 move priced in. So you're going to open up $30. That was $18 in either direction. So if you were buying an at the money put or a call last night on Meta shares, I always want to say Facebook, coming into the close at about $210. If you were directionally correct, you had to make about $10 to break even. Well, you've tripled that, man. But you can see how even in options, right? When there's huge volatility priced into inequity, folks, this move is mammoth. A company like Facebook, now going to be up 15%. I think this number is calculated. You're talking about a $621 billion company. You've got 2.5 billion shares upstanding. So what are you going to add? $75 billion in market cap overnight. But meanwhile, you paid 10 bucks. And let's jump over to it, all right? Because we jump over to the options that expire Friday. And you scroll down to where this was. We got to open it up last night, because these are priced. Options do not trade, most at least. There's some nuances in terms of the SPY options when they trade, et cetera. But individual equity options trade during market hours. You back it up to where it was last night at about $210, OK? And you can see the bid ask for a call just above $9. The bid ask for a call put just above $9, all right? Now, what's remarkable is that you've gotten a mammoth move, man. Number one, you had to be directionally correct right away. That's a 50-50 chance you lose. And $10 into that move, you're still breaking even. And even when you get moves like this, you only triple your money. And I say only triple, folks, because there's going to be so many times that right away, one out of two times, you're going to lose everything. In theory, OK? Now, you have a market bias. And we're deviating here a little bit. But it is important to realize when you see this type of a move, you said, man, I wish I had crushed it last night. There was a lot of volatility priced into this equity, man. Meta had almost a 10% move priced in either direction. Well, that's basically what it did after hours. You've accelerated higher than that, but it moved 10%, OK? So keep that in mind when you're talking about options, folks. If you check out the program Fast Market at 12 o'clock, they do a great job. But it just is important to keep in perspective here. Because yeah, you would have crushed it out of the park You would have put up $9. And as of right now, man, you're making at least, what, $20, $22 on that at-the-money call. But right away, you would have lost half of the time. So one out of two times, you lose. Because in theory, a trade is lower. And some X percentage of the time, right? This thing is going to be moving $3 to $5. Maybe it has a Google day, right? Google's reaction yesterday. Now, Google only had about a 4% to 5% move priced in. But you see the action in Google. Google is basically flat over two days from where it was two days prior. You're going to get moves like that. Very rarely do you get moves like this. But guess what, man? If you called it, you called it right. They seem to be turning things around. We'll get into meta shares and their numbers later in the program. But boy, it's going to be a big day for Zuckerberg, man. And you take a look at this thing longer term. You're going to open at $241, folks. You're going to be above the 50%. I mean, next stop seems like, what, $275? You're going to open at $241. And the lower boundary of early last year is pushing about right there. $244 was the lows in January. But we chopped around between about $250 and $275. So you're going to probably come into that area. We'll see if we can get some resistance. But yeah, you're talking about almost a triple bagger from where this thing was at the lows. And I remember, man, longer term basis, the PE ratio on Facebook, we were talking about it. It's down to like $11 or $10 or something like that. Just staggering numbers. You had to step in front of the train to a certain degree. But keep your eye on some of those when they get there. Now, the argument for that PE at the time was, they're not going to make any money if Zuckerberg is just pouring money into AI. There is certain truth to that. Okay, no matter how much money they make off Facebook and Instagram, if he's taking all that money and he's plowing billions, which he is into AI right now, doesn't matter what their future PE is, because the earnings could all go away because that is going to be a endless hole of money in terms of what you can spend for AI. Because think about it, folks. He has the Oculus Quest 2, right? Metta, they make the headset. They are going to be in the wearables department in terms of transforming a video game into a real human life experience. And I'm telling you, folks, it's coming. You're going to be able to wear a suit, jump into a room in your house. The floor is going to move so that you can literally run one way or the other and you're staying in the same space. Maybe the floor is moving, right? You're going to completely feel like you are in a realistic environment that is all created by virtual reality. It's going there eventually and that is an endless money pit when you think about it. So that's the fear there. But with that said, advertising, still coming in, man. And that's been the big theme so far, right? Google crushed it in terms of what they were expecting. Metta, Facebook now crushes it in terms of what they're expecting. We get to see if Snapchat is an anomaly. They were a couple of times in terms of this sell-off they've had, in terms of, boy. You know, yes, they deal in advertising. So they got quite a pop coming into the opening bell this morning. They're up by what, 30 pennies, 35 pennies for Snapchat. They have their earnings after the bell and you jump over. You want to talk about a move, folks? How about a 16% move priced into their numbers after the bell tonight? Since we're doing it, let's jump over to Intel shares. Intel, it's quite a move as well. $1.73 for a $29 stock for Intel. And of course, we got Amazon, not quite the same volatility. Amazon catches a bid last night as well on those meta numbers, $6.23. There's your action on Amazon. Up almost 3% in the pre-market. Stay tuned, folks. We'll come back. Talk to our man, Kevin Hicks, we'll be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them, using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today, TFNN.com, educating investors. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN, educating investors. TFNN has launched the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den, available to all tigers and tigerses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Welcome back, folks. We get the S&Ps up by 22 points right now, trading at 4,098. Let's jump over to our man, Kevin Hinks, TD Ameritrade Network folks every day at 12 o'clock with the program Fast Market right here on Tiger TV. And we got our host, Kevin Hinks, Tom White, and they are broadcasting live from the Morningstar Investment Conference in Chicago for a few days. Kevin Hinks, good morning. Good morning, Tommy O'Brien. A lot going on here this morning so far. You know, Tommy, it's interesting how this week has set up. Positive in the morning based on good earnings and negative in the afternoon based on macroeconomic data. And I think, at least to start the day, it's playing out exactly as it has all week. Tommy, we're much higher on meta's earnings, but if you look at some of the economic data, it's concerning. GDP, that personal consumption expenditure is a 3.7%. That was a big beat, Tommy. Household purchases, both durable, non-durable goods and services, much higher than expected. And you saw the bond sell off and yields took higher. You saw the US dollar go from negative on the day to positive on the day. And you saw Crudewell rally, all based on that personal consumption number. That along with jobless claims that were lower than expected and lower than last week, this is gonna be another interesting day where the earnings have to win over the macroeconomic data. So far this week, Tommy, it hasn't. You laid it out great, man. I would say you beat me to the question almost in terms of the market. Just really shakes off all that, man. We were coming into those numbers you just mentioned at around 4,100. We did get a little volatility of about 15 S&P points and we're within about a point where we were. Meanwhile, you mentioned, I pulled them up on the thinkorswim platform as you were talking about, man, the dollar index quite a spike, quite a spike in yields as well. Pretty interesting. You have the dollar and the yields moving market. Hasn't really moved from where it was. You mentioned some of the numbers. What did you think of the action in Google in particular yesterday, Kevin? Because I found it so interesting. They had some pretty good numbers and they actually ended the day almost flat, very volatile day. But I found myself saying, geez, what if they didn't come in where they come in? I know they had declined somewhere, but overall, even after the market on Tuesday, pretty strong numbers. And as you're speaking of really weighed down yesterday and we're basically right where we were coming into the numbers for Google, meanwhile, it's been pretty spectacular, I'd say, so far for the tech companies and their numbers. My knee-jerk reaction, Tommy, when Google Alphabet's earnings came out was pretty good, but here's the thing. If you look at Microsoft's numbers and they jump up in their search numbers, right? If any company starts increasing their market share in search, there's only one company they're taking away from, and that's Google Alphabet, right? So if OpenAI, GPPT that Microsoft is investing heavily in, if that starts, excuse me, if that starts chipping away at Google Search Market Share, which is north of 85%, that's gonna be a big problem for them going forward. I mean, digital ad spend and YouTube, that's a concern going forward. So yeah, I think part of the good news that Microsoft was concerning for Google Alphabet, I don't know if that turned the stock, but overall expectations were high for some of these companies, Tommy, and you really had to blow the numbers away like Microsoft did, like Meta did overnight to have these stocks rally. We'll see if the overall market, yesterday's question was, can Microsoft elevate the entire market? The answer yesterday was no. Can Meta do it today? We'll see, Tommy. They're trying again in the pre-market, like you said, man, and we get to find out in about eight minutes where we go from there and some great points on Google, man. I found myself, Kevin, I've mentioned to you that I have tried out ChatGPPT, it's amazing technology, kind of blows you away as everybody says, but I did find myself going to Bing, the search site for Microsoft for the first time and probably forever, right? My brain doesn't even go back that far. And right away I said to myself, well, there's the shift, there's the shift alone. It's no longer, I just went to a website that why would I ever go there previously? And guess what? I pulled it up, man, and I got on the waiting list because why not? And amazing that Google has had a monopoly for about 20 years of searching the internet. That's a very good- No, it's not a monopoly, Tommy, we all know it's as close as you can possibly be to a monopoly. Yeah, and I tried it, it's just, and they had it because they were the best and boy, it's tough to keep control of technology for decades on end, man, as things accelerate and we're seeing it with AI. With that in mind, I know you guys are live today, Kevin, you guys have been broadcasting from the Morningstar Investment Conference at McCormick Place in Chicago. What are you guys talking about on the program at 12 today, Kevin? Good news, Tommy. We're actually back in the studio today. Albert Renek is still at the conference. Tom White and I are back in the studio today. We'll, obviously, we'll be talking about Amazon today. That'll be the focus of the show. We'll look at Intel, we'll look at Snap. We may touch into ExxonMobil or Chevron that we're earning before the market tomorrow, but you can bet we've got big names after the bell today. We're gonna cover them all, Tommy. Can you give us a little teaser on Amazon for a minute, Kevin? I got it up almost $3. $3.50 almost in the pre-market, man, pushing the highs of the week. Pretty lofty numbers for them as they report after the bell. What do you think of Amazon? Yeah, it's been strong for two reasons. Digital ad spend is showing up in Meta's numbers and cloud, intelligent cloud in Microsoft's numbers, all give the hope that Amazon will deliver in AWS and in, like I said, they now also rely on digital ad spend. Those two things, if those are getting better, then that's good for Amazon, Tommy. It's pretty interesting when you come second and third in the earnings lineup, your competitors beat and now the pressure's on Amazon after the bell. Kevin, I appreciate the time on a busy morning, man. As always, we'll be watching at 12 o'clock today and you have a great weekend. We'll talk to you next Tuesday, man. Thanks for having me on, Tommy. Always a pleasure, folks, check it out. We got Amazon up here on the Thinkorswim platform. And yeah, I was watching our man, Oliver Renek, early this morning on the TD Ameritrade Network out of Chicago and they're going back in the studio for 12 o'clock today. Tom White, Kevin Hinks, check it out, folks. Earnings season bonanza and it continues after this week. We get Fed week next week. We get Apple earnings May 4th. Many other companies coming out with their numbers in May as well, but tech earnings, pretty decent numbers. And yeah, Amazon, they're gonna be dealing with some lofty expectations, as Kevin mentioned. Number one, Microsoft's doing really well with the cloud. Well, Amazon better be doing well also. Number two, ad spending at Google and at Meta. Stronger than expected. Better be stronger than expected at Amazon too. I tell you, from the amount of ads I see when I pull up Amazon these days, it seems like they're selling a lot of ads because you gotta fight through the ads to find the top search item that is not paying to be there, right? Little bit of a different user experience and that's a different conversation as well. The price conversation that Amazon on the retail sector, it's pretty funny, right? What's not in focus? What everybody knows Amazon for? Selling retail products, every single good available online. That's their bread and butter, but AWS is where they make their money. Advertising is a new area of growth for them. High, high margins on that number as well. Those are the areas where growth is gonna be able to vary widely in terms of expectation versus what they come into. Yeah, we find out today. And as I pulled it up before, you're talking about about a 6% move for Amazon shares and boy, Kevin talked about it, man. We get to find out, okay? Where the market goes on the open, but that is a strong dollar, folks. And the market has not liked a strong dollar recently. So we just got a huge acceleration on those economic numbers that Kevin mentioned from about 103.50 to 101.68 at the same time. We saw yield spiking, okay? So we got high numbers for inflation. Yet again, we got a strong dollar. We got higher yields and we got market. Hanging on to gains right now for some of those tech earnings. Will it be a replay yesterday? The opening bell in three minutes. Don't go away, folks. Stay tuned, we'll be right back. Building wealth trading in the stock market seems impossible to most people. They think it's too volatile and risky. Most people aren't going to take the time to educate themselves on how to do it right, but you're not most people, are you? At TFNN, you'll get the guidance you need to refine your strategies and techniques to invest like a pro because you'll be a pro. All TFNN subscriptions, books, software, and courses are available at tfnn.com and I'm even going to tell you how to get them for less. Use TFNN's Tiger Dollars and you'll get up to a 20% bonus on your purchase. And once you apply them to your account, Tiger Dollars are automatically used for all future or recurring charges. Tiger Dollars also never expire, are fully transferable and are a great way to add savings to your newsletters or services. Become the investor you were born to be at tfnn.com. TFNN, Educating Investors. TFNN has just launched their new trading room, The Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN, educating investors. 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. Welcome back, folks. We've got markets open. You're looking at an S&P up by about 24 points right now. Back to a short-term timeframe. Check out the chart and where we are, man. You put this on an S&P futures contract, okay? Pretty well-defined channel line. We're bumping up against it at 4,100 right now. Things vary a little bit when you pull up the spy, which is interesting. Now, this is the same date range, okay? This is going from the highs of 4,198. We're bumping into the higher boundary line. You take the spy, it lines up a little bit different with the spy only being open during market hours. Little bit of a different lineup. Not quite back up to that point. You could make the case that a little linear regression actually brings this point down though. You don't want to back yourself into a technical formation, but you could see how the highs that we're reaching here even in the after hours versus when the ES contract, but nonetheless worth noting, pretty close to the upper boundary. And yeah, we got out of this channel line, but boy, when we broke back into it, still an area of support on the downside. We'll see if it turns into an area of support on the upside. And on the end cues, you jump over to the cues. This thing just slammed right through the top of that one, which is a little bit worrisome if you're on the short side because yeah, that is quite a move. We'll see if it holds today. We had similar moves yesterday to kick things off. Let's see how meta is starting the action off. Up $28.60, not bad. We're about five bucks off the high that we got just now on the open, but nonetheless, you're up by 14% on meta shares. We jump over to Snapchat up by about 3% on meta numbers last night, Amazon up by about 3% right now. Let's see how Microsoft's doing on the second day, digesting the gains from yesterday. Microsoft basically flat this morning, Apple the big dog, everything caught a bid yesterday and check out Apple catching a bid man up by one and a quarter percent for Apple shares. And this trend line here is longer term. Check it out. You're talking about a trend line from the high where this was at the beginning of 2022. And you touch that high in April, you touch that high in August and we are at that high yet again. But Apple today catching a bid as this market holds on. Let's see how who will straighten today up by about 2.10% right now. What else do we get tomorrow? We got Intel down about 25 cents right now, trading at 28.80. And let's jump over to some of those economic numbers. So GDP 1.1% is the numbers. The economy slows, that's the annual rate. Resilient consumers to face high inflation and rising interest rates, but nonetheless. Now these are the forecast they're looking for, okay? Yeah, basically flat man. You're talking about barely above positive. This is the journal forecasts, the next quarter, third quarter you're talking about negative and then fourth quarter, you're talking about barely positive and you add them all to up, all three of those up and you get negative 0.05% or something like that. So over a three month period, you're talking about basically a stalled economy. We come in at 1.1%. Seasonally adjusted 2% growth in the fourth quarter is what we had. We're now at 1.1. Yeah, 2.6 was the number there, 3.2 the one before that. We had two quarters of negative. That's where all the quote unquote discussion began of whether with the true definition of a recession is two consecutive quarters is what a lot of people use. But then you said, ah, this one's a little bit different is what the contrary argument was. Yeah, and look at personal spending, okay? Contributions to quarterly change in GDP, personal spending, 2.5 percentage point growth in personal spending, that's the problem man. That's the quarter. Other was a decline of 1.5. Consumer spending, the primary driver of growth and hiring were surprisingly strong at the start of the year. Yeah, so we'll see where we go, but that was the number. We also got PC numbers, we'll get into those as this market holds on to the game so far this morning. All right, what else do we got in here? Let's take a look. Yeah, let's talk about some of those inflation numbers that I had pulled up. So we talked about GDP, but what the port also showed was personal consumption expenditure. This is the Fed's preferred inflation gauge, okay? Increased 4.2% ahead of the 3.7% estimate, high inflation and slow growth is sometimes described as stagflation. We got inflation heating up while we got growth going to negative territory. Yeah, and stocks did react little, but boy, this is quite a day if you hold on to these gains, man, because keep your eye on the dollar index and it's remarkable that the market doesn't even care right now that the dollar just moved from 135 to 175. Usually the market cares when you get that type of a move and maybe it will care eventually as we move through the day. We're only five minutes and 40 seconds into the trading day right now. You jump over to yields and we're pushing lows right now in terms of where we are and you jump over, we're talking about a 10 year right now at right at 3.5%, right at 3.5%. Okay, and you look at this on a longer term basis, folks. Yeah, you're rolling over from an area that's been resistance, right? And what's so remarkable is you back this up, that's where we bounced around this area. You go back to June of 2022, you accelerate through that into November and since then we've been in a range of about 111 up to the highs of about 116, 12 and we just rolled over from a price point yesterday of almost 116, 115, 30, we're at 115 right now. We get the 10 year back at 3.5%. Basically at session highs as the market holds on to these gains, man. And if you think this is rolling over, folks, that's what the channel line looks like in larger contexts in terms of where this market has been. Did you really get a rollover? We're talking about 200 points to the 3,900 on the S&P but the market has been resilient to say the least, man. We are now a solid what? 35 points off of the lows last night. You're basically to where we were in the beginning of the day on Tuesday. But again, what I'll say is that was the beginning of the day Tuesday, folks. If I told you all the numbers we're gonna get, right? Because we didn't have Google. We didn't have Microsoft. We didn't have meta earnings yet. We didn't, we had none of that. If I told you Tuesday morning, S&Ps of 4,100, here's the numbers that we're gonna get. Microsoft, Google, meta. Where's the market gonna be Thursday morning at 9.35 when we open? You'd probably say above 4,100, okay? We got some economic data in the mix as well but nonetheless, markets trade higher and the VIX worth mentioning back on the decline. Lower than anything we were at yesterday and where are we? Right back to where we were at the beginning of Tuesday, right? Now, dollar index, somewhat similar, right back to where we were at the beginning of Tuesday. Okay? The 10-year? Yeah, you've went up and you've been pulled down. Pretty comparable though when you look at this action but nonetheless, we've gotten the numbers and the S&P right at that area. What would happen if some of these companies were missing, man? Because they got some strong numbers, right? We got some strong cloud numbers. We got some strong advertising numbers. Consumers have a lot of strength in there but inflation still persistent. We have a Fed meeting six days from today. The interesting to see if this market transitions to caring again about the Fed versus looking at the economic numbers because that's a hot PCE man and it hasn't even mattered to the market yet but guess what? It's mattered to rates. It's mattered to rate expectations and that always matters to the dollar as well as we're pushing $1.0175 right now in the dollar. This market just loves it though, right? Nasdaq 100 up a solid 1.2% right now. See how meta is faring. Up 14%, Amazon up almost 3%. They're gonna have some lofty expectations for Amazon, man. Amazon from Tuesday morning is up like four or five bucks let alone where you finish the day on Tuesday. Okay, but Tuesday morning you're up three solid dollars, 3% on Amazon as they deal with higher cloud numbers and higher advertising. Stay tuned folks. We had a lot to talk about. We'll be right back. You might think that if you want to be successful at trading in the stock market you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts. You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices, selective stocks and commodities. Subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com, educating investors. The Gold Report. As a precious metal gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at tfnn.com. Build the S&P 500, continue to climb for bold trades on US large cap stocks in either direction, trade SPXL, SPUU or SPXS, directions daily S&P 500, bull and bear leveraged ETFs, direction leveraged ETFs. An investor should carefully consider a fund's investment objective, risks, charges and expenses before investing. A fund's prospectus and summary prospectus contain this and other information about direction shares. To obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit Direction Investments.com. A fund's prospectus and summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks. We get the S&Ps up by about 26 points right now and ASDAQ 100 up at 151, the Dow up 111 right now, the Russell up by two. Let's check in on First Republic. All right, how are they doing today? Down 1%. As my dad was saying, I was listening to his program last night, probably gonna keep cutting cut in half every single day until somebody finds a bidder, what was the story out last night, that the Fed is thinking about closing the discount window on them, reclassifying the risk, that would close some of the avenues to cash that the Fed has opened up. And that seems to be the writing on the wall. Man, so even at this equity, I remember talking about this Tuesday morning, when it was double the price it's at right now, so this company's probably valued at $1 billion. There it is, because I knew that, because guess what? It was valued at $2 billion 48 hours ago. Let's say, what's the point of value in something at $2 billion? If it's not gonna cease, it's gonna cease to be a business. What's going on here is some of the big banks, they don't wanna take on the bad parts of their book. And the only way that they can gain access to the good parts of their book without getting access to the bad parts of their book is by waiting for the Fed to take receivership of the company, and then they can sparse out what they'll take and the Fed gets left with the rest. And so that's what's going on here. They already put $30 billion in there, so be careful. All right, we're gonna jump to a little real estate. Speaking of commercial real estate, you're talking about in the den right, rightfully so. You know what, before we do though, folks, I mean, this S&P, I'm just gonna go because I was going over the break. I mean, this is where you have to have an opinion to be a trader, okay? Because guess what? The market is priced for all opportunities right now, rightfully so. It's got risk to the upside, risk to the downside, right? Unless there's arbitrage opportunities, which maybe there are, that high-speed computers are taking advantage of, you have to have some type of market bias or opinion. Otherwise, without any market bias or opinion, all risks are priced inappropriately in the market. With that said, I mean, I love channels, man. I love channels. I love Fibonacci and I love volume. And with the dollar index, keep your eye on the dollar. If you're in this market, okay, but my dad's been talking about it, I should pull up his Twitter account. Man, what's he been tweeting? Does anybody know? We'll pull up his Twitter account this morning. But the dollar's running, okay? And that's gonna weigh on the market. It is, folks. So, you know, what you could do here is, you get into this trade of 4,100, okay? You get a run. You could easily get a run 30 points to the price point of 4,070, the lower part of this range it's been trading in. All right, and this goes back about 10 days. We're pushing right now even on the 30 minute. That's to the highs of last Tuesday. So you talk about seven trading days or so. But you see the types of moves this get. S&P's moving 30 points every other day, sometimes twice a day in both directions. At least you have your back against the wall. You make a trading plan, okay? You push it over to the spy, as I mentioned. And similar stuff going on with the cues, but you can see how we broke well above that channel line there. So maybe you come back and retest it at 314 on the cues in terms of where that channel line lines up. But that's an acceleration through it, man. On tech stocks, S&P just bumping up against it. You take a look at the spy. We also just hit that on a tail in terms of where you put that. Now, the spy very well could have a channel line that's a little bit higher. Maybe that's your area lining up from last Wednesday and last Thursday. The point being, this market, as even Kevin mentioned, hard to deny that we're getting bounces and we're getting sell-offs, right? We're at 407. Maybe you scale in with a couple contracts at this point. Maybe you scale in with one. Maybe you give yourself one more entry to a scale in when you hit that upper point in the spy. And then you got to close, though. You got to close. Maybe you give yourself room to 407.50 to 408, something like that in the spy, because this market really gets out of hand. Then yeah, you got to have a stop, folks, because save your capital, because this market is moving in very large moves. For a VIX right now, that is pretty affordable. At under 18, that VIX at under 18, the rule of 16 is it's pricing in a 1% move every one out of three days. So we're slightly above that level right now, right? Now, 1% move would be about 41 points in the S&P. Well, I think as of Tuesday, right? There had been 22 trading days without a 1% move in the S&P. Seems like that's changing, man. We got to sell off Tuesday. We got to sell off Wednesday. We've had bounces both days. We're now 100 points off of the highs. That's 2.5% almost in the S&P. And we've had a spectacular earning season, man. I don't think things are gonna went any better. I mean, Kevin pointed out some tough numbers for Google. They're gonna be dealing with that forever. They have a monopoly. Like he said, they say they don't. They have a monopoly in search. I remember, check this out. I remember sophomore year. This is even amazing. Now, because it's 2023. Sophomore year of college, probably 2000. Graduated high school in 98. So, yeah, you're coming back for your sophomore year. No, you're coming back from your sophomore year in 99. Yeah, so 1999, sophomore year. My roommate, my best friend now. I've talked about who lives in Switzerland. Very bright kid in Guy now in technology. And he told me right away, don't use anything else besides Google. That's it. It's the new deal. You wanna search the internet. Forget about whatever it was. Was it Netscape? I forget what even, that's just a browser, right? What was, what did you search before Google? What did you search before Google? Isn't that funny? Nonetheless, back to 1999. They're gonna be dealing with some woes in terms of losing that monopoly. Webcrawler? Yeah, I don't know. Okay, nonetheless, 4100 in the S&P. I just like the fact that it's right at that price point, folks, all right? There's a couple areas in this chart's worked out. When you've gotten back into that zone, where did you accelerate to the bottom line too? You did get below it last night on the close. Maybe that's a little bit exacerbated. You know, channel lines can be fluid, okay? You break above it, it's an area that's been testing. And boy, if this channel holds, man, you're gonna talk about lower prices because you see that we just went down 100 points in about five to seven trading days within that channel line. It's a steep one. Okay, let's talk a little real estate because that ties into everything. Profit margins are sliding for Americans who sell their homes. Talk about an obvious statement, right? But check it out. Lost profits from the recent market slowdown affecting homeowners, your profit margin peaked at 56% back in June of last year is down to 44% in terms of the numbers and your profit margin for what you're selling. And yeah, it's gonna matter, folks, and this is gonna matter for some time. Now, it's a weird environment when you think about home builders you're probably gonna have it made, man, because there's gonna be very little reason to sell your home if you own it. Folks, I would encourage you to everything you can to keep that mortgage that's at three to 4%, okay? Rent out your home. You're not gonna get the ability to take on debt at that price level in a home that's backed by it. And in most markets, rents may be weakening a bit, but because of people not selling their houses, okay? In a lot of areas, it's gonna get even more difficult when there's no land to build on for home builders, right? That's where things get difficult because out here in Lakeland, they have developments like I've talked about with 1,400 houses coming online. And I tell you, man, as somebody in the business talking to my dad about it, say, man, it's gotta be incredible to be trying to sell these 1,400 houses right now when rates just went up to 6.5 to 7%. I take Tommy through there, we go for bike rides, we go for walks, and they are just selling them like hotcakes. There's new families moving in. Every single time we're over there, it feels like, and they're just still building them out as they go. But why? Because who else is selling their house right now? You're gonna be taking a hit, and that's gonna persist for some time because don't give up that mortgage, man. What are you gonna do? Are you gonna go out and get another mortgage instantly? We'll talk a little bit more about these numbers in real estate. We'll be right back, stay tuned. TFNN has just launched their new trading room, the Tiger Zen, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, and now they are expanding their reach with the Tiger's Den, available to all tigers and tigers for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tigers as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. 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. Welcome back, folks. Market's pushing higher. Looks like the spy's on its way to 408, man. 407.62 right now. You jump over to the S&P Futures. You're trading right now at 4106, just climbing a little bit above that channel line. You really break away from it, saying maybe if you were going short, maybe 408, 408.10, this is an area you get above there. You're probably breaking above that channel line. But we'll see. As the market's showing no weakness whatsoever right now. You jump over to MetaShares. Up by 14.7%. Amazon's got a lot to report for today. They're at $108 right now. Up $3.00, up 2.86% for them. Microsoft catching a bid back above $300. Check it out, right? Apple shares up 1.1%. And that is all in the face of a dollar index that's still sitting at $101.70. And you have higher yields as we're now sitting at a price of $114.31 to $10.00. You're back above 3.5%. But the market persists. Let's see how Snapchat's trading ahead of their numbers. Well, they give back some of it. Snapchat's its own deal sometimes, man, as well. In terms of if you're advertising everywhere, you're advertising on Facebook, if you're advertising on YouTube, you probably don't have to cover the board with Snapchat if you don't want to. You can probably reach who you wanna reach outside of that. Maybe there's a select niche in there. And that's the perception from somebody approaching their mid-40s. But Snapchat only up 1.2% on some pretty strong numbers for Facebook. So the market's saying the same thing. Yeah, we like it, but let's see Snapchat put up. Intel's been tough recently, man. Yeah, trading down right now on positive everything else. Intel down about 6.10% right now. AMD off 1.4% right now. Taiwan Semi is up about half a percent right now. All right, let's see how gold's trading as we finish up. Yeah, we got a strong dollar. We got gold trading back with weakness. Below 2,000, you're at 1,989. Gold down about seven bucks. And how about Bitcoin, man? You talk about volatility. Bitcoin, you talk about volume too. You see the volume spike on Bitcoin when it traded lower last night? Down to 27.5, just like that. We're back at 29,000 in Bitcoin. Thanks so much for starting your trading day off with me, folks. Stay tuned. We got our man, Basil Chapman with the Tiger Technicians Hour coming up next. And don't forget, folks, Basil's got a webinar coming up next week right on the front page of TFNN. Check it out. Stay tuned for Basil. He's up next. Have a great day. We'll talk to you tomorrow, folks. Have a great one.