 The following is a presentation of TFNN The power trading hour with your host David white Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 Now David white Good afternoon everybody. It's not David white Dave's out this afternoon. He will be back tomorrow Tommy O'Brien filling in for Dave and we get a treat. I'm filling in for about half the hour folks I'll be going till 2 30 my dad's gonna be taking over Tom O'Brien from 2 30 till 3 to finish out Dave's program Then he'll be doing his program the Tom O'Brien hour live from 3 till 4 making sure we get some live programming all day For a very important day in the markets as we're talking about an acceleration Let's kick it off with the NASDAQ 100. We just touched session lows in the last 15 minutes folks 12,225 you're negative more than 3.5 percent in the NASDAQ 100 S&P's negative 111 right now twice. We've traded under 4,000 today We're just seven points above that level S&P's negative by 2.7 percent Dow off 1.4 percent right now The Russell off 3.8 percent right now Remarkable the Russell given up almost 10 percent on the index from where we were trading at last Wednesday NASDAQ 100 we're broaching similar territory your negative 1,300 points below where you were on Wednesday 10 percent folks just like that remarkable Remarkable to say the least everything's getting hit. How about Bitcoin? We can trade under 31,000 You're off forty six hundred dollars per Bitcoin right now thirty one thousand three hundred Ethereum trading under twenty three hundred twenty two ninety nine Goal contract negative twenty six dollars in 1856 right now Excuse me as I jump around you have the tenure getting down to Up 12 ticks you're up almost a full point from where you were trading at we got the tenure yield sitting at about three point eight Excuse me not three point eight not quite there yet three point zero eight percent We were sitting at about three point two percent Early this morning So a little bit of a reversion there in yields, but the market has not led up at all We jump over to the volatility index right now You kick it off of the VIX above 34 30 406 as I did in the update to kick off 2 o'clock You jump back to a weekly basis and you're talking about the sixth consecutive week of lower prices And if you want to talk about some dicey territory the last six weeks have been pretty tough, right? Well guess what folks we got a bar that's just as large as most of the weeks And we are not even done with the first day of trading in the week just yet. We're down a hundred and thirteen points We were sitting at about forty six hundred as we kicked off the month of April the April Negative prices Continuing into May to say the least and we still got two hours trading folks and we got markets right near session Those dicey territory in the S&P 500 the 3a to my dad started talking about it early on and You know the Nasdaq was at the 3a to in no time, right? We made the 3a to in the Nasdaq by March 14th Okay, we made that before you got the pop Into late March back up to 15,000 remarkable 15,000 you have the Nasdaq down almost 20 percent folks From where we were coming into April let alone from the highs Okay, you're down 4,500 points right now You're approaching 27% off of the highs in the Nasdaq 100 Seems like 50% the number that might hit 12,000 well within play right now at 237 points from that price level Excuse me in the S&P just teetering on that 4,000 mark And if you get below 4,000 3,800 is well within play and probably the next stop in the S&P's All right, I talked about this on my program this morning one of the articles I want to talk about an article over at Bloomberg this article out over the weekend talking about plenty of catalysts to help push treasure Treasury rates above 2018 highs Inflation data we get CPI data out on Wednesday. I'm going to talk about that in one moment Now you jump down to what we're talking about in terms of Fed commentary Okay, you have auctions coming up. You already have Fed commentary for Fed commentary going on today But one of the things that struck me most from this article was talking about the CPI and Talking about what we're expecting and what the market's expecting So here's what they have to say the April CPI report which is out Wednesday of this week So less than 48 hours from right now This might be part of the reason why the market's being a little bit worried of what could come down the line is Expected to show an overall decline in the annual pace of inflation to 8.1 percent from 8.5 percent in March from core So if you exclude food and energy, you're gonna see a drop to 6 percent year-over-year from 6.5 percent That's the forecast so the forecast right now in the market is That you are gonna have inflation peaking in March and from here it'll go down That's very possible folks but it's very possible that it doesn't go the other way and if you have the markets trading at a price point of I Mean forty five hundred forty six hundred a month ago You have the markets trading at a price point of forty two hundred at the end of April almost You have the markets trading at a price point of forty one and change to end last week What happens if that price point is predicated on? Inflation peaking in March and now beginning to subside as we come into Some tough comps towards the end of the year and it is accurate We're gonna deal with some tough comps as in year-over-year as we get into the latter part of 2022 It is going to become much more difficult to post something like an inflationary factor of 8.5 percent year-over-year When you're dealing with a previous year-over-year number that had already escalated dramatically But guess what it's well with impossible folks because remember the reasons that people were saying that inflation Was persisting inflation was persisting a lot of the time the term was transitory right it almost became a running joke The point being is that you could still make the same case for almost all the Factors driving inflation now a lot of that was talking about stimulus right well the stimulus isn't there folks right that excessive unemployment That's not there anymore inflation's still pretty abundant. What if supply chain is a huge factor in all this inflation with pent up demand combined Okay, you add in the human labor costs, okay? We have job opening still at a record territory human capital is going to cause increases in wages continuing There are enough factors in play that you should at least be considering Then inflation will run hotter than the expectation and if it does the market will go even further Into negative territory because if we ever start getting year-over-year comps Later this year that are exceeding expectations. You're going to be talking about over a two-year basis like 1415 16% if you get 8% one year you get 6% the next year that means if prices are up 14% in 24 months Okay, that's not quite the expectation But you see where things could go now we get that number on Wednesday morning Okay, and the market's still looking for 8.1, but it's looking for a slowdown and I imagine that they're going to be a looking for a slowdown on a continuing basis and there is a distinct possibility That it at least takes longer than they're thinking for inflation to abate because China's still a mess supply chains are still a mess Human capital is still going to be costing a lot more money. Okay. Now wages are not rising with inflation Okay, so what if wages are going to catch up a little bit? Well, can't wages are going to catch up and people are going to be getting raises Then what's going to happen? That's going to translate into inflationary tendencies The one thing that's not going to be helping inflation as in that may actually be helping To a bait inflation Unfortunately, is that with these rising rates you could see a housing pullback because man We're talking about some rising rates with you're talking about a 30 year Wouldn't be pushing five five and a quarter percent pretty soon stay tuned folks I'll be walked back for one more segment and then we got my dad jumping in at 230 We'll be right back to talk about a couple other equities moving today Are you grinding in the market but seeing little to no return or are you a successful trader simply looking to make your Job a little easier learn to take the path of least resistance with David White's powerful trading newsletter David White is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades support and resistance Define the ranges in which stocks trade by understanding these trading ranges David White is able to find a path of least resistance David White's trading newsletter the path of least resistance is Delivered daily before the markets open to make every trading day an easy win Visit tfnn.com today and subscribe to David White's ultimate trading newsletter for $119 a month and try all of our newsletters risk-free with our 30-day money back guarantee Take the path of least resistance at tfnn educating investors Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive Informational edge you need to succeed These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free With our money back guarantee at tfnn.com tfnn educating investors 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 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 Toll free at 1-877-927-6648 Internationally at 727-873-7618 Welcome back folks. We got the S&Ps right now negative by a hundred and four points You're about 15 points off that four thousand mark It'll be interesting to see as we come into the final hour and a half for the trading day If that four thousand's the line in the sand it looks like it is right now You zoom in on the action talk about touching it barely to 39 97 early this morning and check out the moves folks 40 points up you got a full percentage up a full percentage back down we touched 39 98 Within just prior to the 2 p.m. Hour and right now you're about 20 points off of there You're trading at 4,019 and Louis you make a great point man I could use cheaper real estate prices to get another nest and I agree. There's a lot of people saying okay You know, maybe I didn't secure that second property, right? The tough part is man if inflation's raging Causing higher rates causing the housing prices to go down That's gonna matter in the payment Which is a big part of that which is reason why those prices will go down so it's gonna be a round-and-round as that goes but Everything has cycles folks as we get to see play out in pretty dramatic fashion right now across the board Housing's held up pretty well. If you're living in a house I don't think there's that much risk because rental prices are so high But if you're investing in a house, there could be some pullbacks right here, you know and real estate It's not exactly a three-month downturn three-month upturn right not quite at all as in of course It's gonna be a multi-year if not a five-year down five year to get back They can have some longer cycles in real estate as that market tends to take a little bit longer To sort itself up sometimes Yeah, still no inventory. I agree. It's a compounding Factor and the number of variables in playing this market and that's one of the reasons why I say you're seeing CPI The market is pricing in that we've peaked inflation You know, you got no inventory in a housing market. You have no inventory in a jobs market Right. We have supply chains that are through the roof You have that picture of the ports in China that looks like the ships sitting off port or a bunch of ants At least realize folks that there is a risk. There is a very real risk That inflation Takes a lot longer even with the 50 percent 50 basis point hike the next meeting or two that it could be a little bit longer Yeah, I mean there was even a part I think it was in the same article I was looking at before I jump around I think there was something in here talking about what economists were looking for I Had a couple articles out. I think it was about one in four people in a Bloomberg survey Thought that the ten year would not see three point one five percent this year and that was only last week And it just did three point two percent to show you how wrong people may be of what we might be in store for And in the long run, we're gonna be fine But man, we got some volatility coming down the line folks with inflation Even expected to be on the CPI at eight point one percent as we start to come down All right a lesson for us all Rivian So Ford is selling shares at a discount and they got a lot more shares to sell to selling eight million of its shares I think they got yeah a hundred and two million shares is what they have They own 12 percent of the electric vehicle hopeful You jump over to Rivian man talk about a lesson folks if somebody comes to you and says I got a company worth 80 to 100 billion dollars and I haven't taken in a dollar yet be very wary of buying that Person shares you trade up to 179 on their listing You jump up to 180 You're back to 23 bucks and if Ford is selling shares to the discount folks They're not making stupid decisions as in there's a reason behind that and Ford's gonna be playing the electric vehicle Market as well. They just may want to be all in on themselves and not have any exposure to their Competitor, but that doesn't mean they have to sell them at a discount They're selling for a discount saying get me out get me out right now I don't even care if I'm taking a little bit below market and the markets paying attention 18.5 percent for Rivian in a bad market with growth stocks are getting punished you of course you're gonna get punished when a company like this Has yet to really prove themselves on a revenue basis. All right, what else we got up here? Yeah jump into this So this is Goldman out here an analyst at Goldman at least Goldman strategist I should say see stocks downside even if a recession is avoided one part of this article that struck out The only silver lining for investors is that most of the bad news is likely in the price following the recent retreat suggesting quote-unquote According to this note from strategists Equities will will require an extremely large negative shock to drive share prices substantially lower in the near future Well in in light of what I've been saying folks keeping within the same theme Okay, it should not be a super extreme shock if somehow analysts are wrong About inflation when you consider what's happened over the last 12 months. That's what I'm trying to bring for it You can just you know, you don't have to predict the market if sometimes you can just be at least aware of the Possibilities and the somewhat probable nature of those possibilities and the market right now seems to be pricing in that it might have a much greater chance of Struggling to get over the inflationary factors that we're dealing with I mean for so long the Fed was talking about transitory because of kind of the pandemic Troubles that we're dealing with as in the troubles with the supply chain issues for lockdowns in China lockdowns abroad ships not being able To go where they need to go Human capital the trucking issue having trouble getting goods where they need to go and that was supposed to sort itself out As far as I can tell that has not sorted itself out Especially when you add in that Apple came out and this is really where things started to get out of line, right? Is that Apple came out and said that all of their supply chain issues are in the quarter that's coming? Four to eight billion dollars Amazon came out and said we lost money. We might lose money next quarter now Amazon You talk about a pullback man You jump over to Amazon you take this thing You put it on a three-year weekly and you are back to Which is remarkable? pre-covid levels 2185 was the high folks. We make it today to 21 79 you chop around above 3,000 for a while It's quite a pullback Longer term if you're looking for Amazon, I would start looking at it, you know I think this market can get down to 3,800 So maybe that's where you're looking for where Amazon sits at that point because boy you're down 4.6 percent sent today man This market trades lower Amazon straight and lower Okay, but the reason why they got punished so much and that they are getting punished so much is that they're not making money right now And stocks were not making money right now getting punished Rivians the poster boy of them all But even Amazon is a growth stock. Okay down 4.6 percent today One of the reasons that they got punished though giving you a little bit of a bull twist as somebody that has some Amazon retirement account Is that they built out their infrastructure too quickly? They hired Almost 760,000 workers. I think in the last two years Doubling their workforce So their workforce is now 1.6 million. They came into COVID at 800,000 Think of what Amazon was as we came into COVID They were the marquee company that could do everything and they were doing it with 800,000 workers things ramped up so dramatically Okay, and in Amazon's defense man, we turned on the switch. We ordered everything online And it pretty much showed up the whole pandemic and beyond. Okay. Now. Yeah, they've ran out of items and occasionally They bought a bunch of airplanes. They built out a bunch of warehouses, but they did it too quickly They've had half empty trucks. They're asking people to take off time They think that we'll pick up the slack and in the long run We will and they're built out the infrastructure that they will eventually use All right, folks. I see my dad's chart in there. He's loading up. He's getting ready with the Bloomberg He's gonna be coming in at 2 30 to take over and you've got 90 minutes of Tom O'Brien my dad coming up live Stay tuned folks. We got the S&P sitting at four thousand and four. You're off 2.8% as that's off 3.6% Tom O'Brien if you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30-day money back guarantee So you have nothing to lose every Monday morning I published a gold report with coverage of gold silver bonds the XAU HUI GDX as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting TFNN comm don't miss out on the next great gold trade sign up today TFNN has just launched their new trading room the Tigers in 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 Tigers den available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders in the Tigers 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 Tigris's as they share trading ideas news analysis and discuss the market action all Trading day even at night and on the weekends the Tigers 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 comm TFNN is excited about our new software charting program the art of timing the trade charts in Collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has Programmed an outstanding piece of software that will complement any traders methodology Using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci Formation setups including Gartleys ABC's butterflies and much more the art of timing the trade charts is designed to help you when Scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now. 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Yep, it's hanging at highs man up a hundred and five ticks 103 765 Euro is at 105 the ends at 130 point four zero and the British pound is at 124 where I upon 123 to one US dollar. So let's get over and take a look at this market folks a bottom line You know this ABC is in effect and I suspect it's gonna get hit so You have to spy the spies down 11 bucks. You got you know, you're at 400 You get an ABC structure down at 394. So we make to 399 bottom line 394 is it now You got to remember something that If you have the out of time of the trade, you know, you got a one-to-one ABC a one-to-point three two one-to-five Oh one to 1.618 bottom line, you know, we'll deal with it as we come But the numbers I'm giving you is on one-to-one ABC structure We look at the NDX 100 same type of setup and the X the three Q's have a 281 price projection 298 right now. We hit 297 out here today and When we bring this up, we'll just put these on monthlies for a second And you're gonna see it's pretty clear. I mean it's you know, we Have come into like some support in the Nasdaq now This is gonna be that this is a big heads up because watch how this goes The top of support in the Nasdaq is this 296 297. We are the bottom of that is to 60 Well, we got a 280 price projection and that's always a problem when something like this happens because It's the beginning of the week and if this digs into it at all, okay, we haven't really dug into it yet We're into three points, but what the size of these bars that we're talking about are almost 40 Point bars and these are these are monthly bars. I'm talking about so you got to dig into it a little bit more I mean he You get down to 290 where 290 guess what you're gonna see 281, but more than like you're gonna see 260 That's kind of how this lays out. That's in your NDX. We go when we take a look at the spy What do you have inside of the spy out here? Take a look at this we put this on the monthly also and What you're gonna see there so that that is a 294 and 294 Okay, is the top There's not much see there's not much that the spy can hang on to and it's because we went up so fast folks That's the other side of this So I suspect this spy is gonna blow right through this the spy looks to me next stop down is actually to 364 that's how that's laying out and of course we take a look at well Let's go to the gold contract first and then we'll take a look at some individual equities gold's down 27 bucks You're trading 1853 you got 181,000 contracts traded You haven't broken the swing yet They're coming into 210. I believe let me just see this 194 coming into 167 This is come this is coming in hard enough man that they can get broken. That's how this is shaking out man Yeah, it really is so You know we know we well this we had had an ABC structure down And the gold market 18 1788 now that got negated because it didn't return to a complex one because of the way that we traded last Thursday You went up and you came up with some big volume So that's negated that being said guess what you can always just get up another one You know so we'll see how this shakes out down there And it's all this with this one here has to do with the US dollar this dollar is Refusing to back off the highs, you know, that's how this is look at we've been up here But there's three six, but this is the eighth day. We've been up here, you know We we pulled back last Wednesday, and it came right back Thursday and above this, you know, it's clear We get a couple points away from this and it's clear. It's only to 121 That's how this thing is shaking out pretty wild some of the higher volume equities that we have Actually, let's look at the 10 year we're dealing at 3.17 this month what 3.13 right now Yeah, it's live at 3.07 3.13. We hit this morning big numbers Some of the higher volume equities out here and this let me just see something so It almost oh Yeah, we're gonna have high volume today man. This is high volume folks where we're already at 692 million and it's 230. That's that's a that's that's a big number man We go take a look at the Nasdaq the Nasdaq as at 4 billion already But we're gonna have volume behind this moves some of the higher volume equities inside of this market right now Let's pull us get that S&P up there Okay, so you get Apple down for 88 you get advanced Microsoft 952 Microsoft 9 dollars Nvidia 16 dollars Exxon 7 dollars Tesla 67 Facebook 5 you get some monster numbers out here oxy oxy Petroleum down to 7 dollars now. Let me show you inside the OIH because what we're what we're what you're gonna see here We're gonna go from they finished their way on the way up, but it's gonna be very close We may have ABC structures on the way down now and the OIH and that's all this market needs Let me tell you because that was the only place that was strong We're going after B point today 252 95 you need 1.4 5 million I think we're gonna get it and if that's what you get it's a big ABC down you get 312 is the top 252 is the bottom so what did we got that's a 48? 58 60 bucks That gets you to 26 and to 26. Yeah is next leg down to 26 brings you back to January 25th and Well, we'll see hour and a half. I think it looks like it's gonna be enough. Let's go to oxy and take a look at oxy, too So oxy right now That's just coming off the highs with volume, but you can see this already tested the highs with lighter volume so another question is gonna be like Where's it want to go in the downside Chevron CVX we take a look at Chevron here Chevron's down 11 dollars and 35 cents This already this is this let's see did this modern I tested it. Let's see now 174 It 34 million versus 57. Oh Look at this man. See when they test like this. I'll get 174 54 174 76 174 flat out. Yeah. Okay. So your first high out here was 174 57 million Tested it right away 174 76 34 million Came down came all the way back and almost hit it 174 54 But it's the other volume 7.6 million versus 34 million versus 57 and then you come off that With 15 and you get volume today. It's gone. Yeah This is this market is something else man that just give me one second here. I'm getting straight no We go take a look at the GDX because that I mean they're smoking everything. There's no two ways about this the GDX out here That's down Buck 76 29 million I'll be close man This could be an ABC down to Man if this is an ABC down this gonna be a trip. So what's gonna happen here is this we need 8 million it can get this can get 8 million this can't get 8 million an hour and a half man We'll see how that shakes out if that's the case. It's gonna be a big one 41 7 that lines up 28 and 28 the lows those lows out there 28 87 So are you in the market for buying or selling real estate in the Bay Area including the surrounding st. 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That's TFN.com then hit watch Tiger TV Come back folks Hey, I gotta love it when you have you know, it's so funny folks. I was just waiting for my music Dow Dow industry was a down 527 Aztec is off for 86 S&P's off 117. Let's go to our man John and Philly John What's going on brother? Hey, John, thanks for taking the call 230. Aren't we are we lucky here today? We're cranking It's a beautiful thing come up Long long ago you were the one who educated me on The power of three things price volume and swing points So now I asked you here in real time right now the That the NASDAQ 100 NDX that's futures have just come down and exactly tested a Major swing low that was March 5 2021 is is this important? Is it likely to bounce if it doesn't what is that for tell in your opinion, please? Yeah, I just see so What you do have intraday here, right? Is that the I was looking like if you had another ABC structure down I'm going with the ABC down John and we're a long way away from it Um Yeah, so You know and the future is yeah, this this I see the number you're talking about but you know My take is that this thing is not going to stop this this looks to me like And how and night is it 90 this looks like the aging contagion to me This is like it has the same feel of it It has the same that it was just relentless day after day after day after day That's what it looks like man, you know, but we're coming to the tops of those numbers and you know, the bottom line is that you know You can see let's see 249 we're 244. I think it's gonna blow right through them and go to the bottom of them. That's what it looks like Yeah, Tom Tom. I I always appreciate a very direct answer So that's all I that's all I asked for so. Thank you very much. Okay, man. Have a great one. Have a safe one It's sad, but true folks these these it's it's it this is a this is a heavy market, man And there are plenty of people that have never seen a market like this and that's gonna be really Well, it already is pretty intense, but you can I can tell this is my opinion but to me people are still not paranoid and That's when people lose the most amount of money Okay If you're not nervous and you have portfolios That it just keeps going, you know That's saying that I have the market's job is to take the most amount of money Away from the most amount of people in the least amount of time and the market is the most efficient Mechanism I've seen to do that in my life period. You know what I mean? Meaning the quickness the quickness is always like crazy folks And in this particular case here, you know, I think that people are just not paying attention That's that's and I can I can see why I mean that Now what I also want to set up is this during remember and I'm sure if if you're a new listener I'm we appreciate you growling a problem with us when level loser and welcome to the tiger family a Lot of the the folks that have been out here remember when I was talking about okay The what's coming down here is this and I'm gonna bring you all the way back to the original baby boomers meaning me Folks at about five or six years old into me I'm about six years into it and remember I would what I would always say is that if You're a baby boomer all you had to do is be ahead of the rest of the baby boomers You're gonna make money because there's so many of them. Okay, and then what I was doing is this I start Going through my own cycles right thinking that okay, man I remember, you know when the Dow is at 803 and 1980 okay, I Remember that it stopped moving then and then the bottom line is that more people and more people meaning the baby boomers really start getting into it and In a month's away, but that was really the beginning of the move up up up and Simultaneously was to move in into the market and it's a real estate and then the first real estate pullback had to do with All the baby boomers Okay already so they were buying buying buying like crazy going all the way from you know Let's say the 70s 76 around there earlier than that going all the way up and then we had the crash and And 1987 now the crash in 1987 it was just one front down quick and back But what that set up what happened there what that set up is that that set up the first real estate pullback And 89 and that was a monster one. It was a monster one in Boston, New York Orange County Dallas, Texas, Anchorage, Alaska You know Those are taught markets those markets got cut in half. Okay, so then What ended up happening is that the acceleration starts going forward again you went up to 98 and Real real estate came back strong as anything. Okay came back big-time went up to 98 and That was the agent contagion the agent contagion basically took things south because what ended up happening Of course is that there were plenty of larger funds on the wrong side Real estate went bonkers from 98 no doubt going all the 2005 imploded right so where my head was going and my head still at is this is that my son Tommy is Actually one year older than the next generation or two generation of the next generation down That is larger than the baby boomers So this is my take here how this thing is going you have two different different things going on Number one most of them haven't seen a downdraft Tommy did because he was in the office at the 2007 2008 one Okay, most of them never seen one Simultaneously all those people came into the market For housing now watch what happened with housing all those people come into the market for housing I asked the baby boomers never get out of the market. We really Understood what we're doing now so we could even make better choices All right, and then on top of that all the funds came in bought So what you have there is that that's the expansion on steroids And that's where we sit at this particular point now the market This is going to be the first large pullback far Back generation The real question is going to be you know, it's just going to be a pullback right across the board My take is that it is okay This is a wild card in there for sure, but people always keep saying that yeah, everyone's got cash and they do But guess what? Cash runs out at some point folks that's my point more than anything I'm just kind of laying you out there like that is the cycle and So it's cool about this is that if you understand that cycle if I'm a correct on that cycle meaning the amount of demand versus supply Because it's all about volume no matter what you buy them then you want to get ready for basically, you know Buying when do you think you know the world's gonna end which the world does never end so okay? The world keeps expanding. Okay, forget the ending. Okay My take We'll see where this shakes out down just shows right now down 542 Nasdaq's up 477 S&Ps off 119 You get you have a lot of red in the screen out here We go. Let's go get Microsoft Microsoft. You talk about volatility man. You think Microsoft, you know Yeah, look at this thing It's blowing his brains out man stare at their folks who come right back 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 TFN And 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 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 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? 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Just visit the front page of TFNN.com Catch Tom O'Brien professional trader and educator founder of TFNN Also a special guest on CNBC Tom will bisect and dissect the markets the Tom O'Brien show Next I'm TFNN Welcome back folks to Dow. Now is up for 485 Nasdaq's up For 54 S&P's are off 108. Let's go take a look at Micro Strategy so micro strategy folks their whole micro strategy is not about big so basically making anything there Their strategy is about Bitcoin. So A couple of targets want to take a look at this because there's no doubt when you're talking about volatility You're talking about like something saying, you know micro strategy They've gone from a price point of eight hundred eighty dollars six months ago to two twenty one Because everything that hinges on what is the price of Bitcoin? Okay, so on a Let's see the ninth This is ever an ABC down. It'll be a wild. Let me put this in a weekly for a second. Okay, so on a weekly Yeah, good ABC down That's uh, oh my god, eight ninety one Three oh seven you kidding me 500 that's out of business So let's see what the question is again in there The correlation of the margin call around Bitcoin 20 Yeah, I'm I can go to XBT. Don't touch micro strategy Because that is a disaster I mean, so that's probably saying that Bitcoin is gonna be a disaster also. Let's bring up XBT for a second You're thirty thirty thousand eight hundred. Oh, yeah, this is breaking old pot. Okay You know what folks what what does happen is that when you get things like this? This is the whole deal that's saying that you know when the tide gives out you find out Who has a bathing suit on and guess what you know the next stop for Bitcoin is 28 your break 28 and next stop is 19 Pretty intense man. The whole thing is intense. You stay right there folks We are gonna be coming right back to we'll finish this market up down. That shows right now Down 427 Nasdaq's up 431 S&P's up 101 to come right back Building wealth trading in the stock market seems impossible