 The following is a presentation of TFNN the morning market kickoff with your host Tommy O'Brien S&Ps kick things off up 36 points NASDAQ 100 up 126 right now the Dow up to 45 We start things in positive territory and I was talking about my subscribers yesterday folks And I sent them a note yesterday morning Talking about this 4040 area and pretty interesting in terms of where we get up to overnight man Where'd we get up to 40 40 25? We put things back just looking at basically a This is an hourly chart. Just kind of cherry picking where I got this area folks It's kind of the consolidation area. You got back there on March 21st. You got back there as well on March 22nd and There's a couple areas that you can take this in terms of where you go But it's just a natural area on this chart man You come up to we're facing some resistance the resistance from March 21st from March 22nd and yeah We come up to that area overnight and we see where we trade today with S&Ps up 37 points You get the NASDAQ 100 up more than 1% right now the Dow up Three-quarters percent right now and you got the Russell up by 1% as well Bitcoin up another thousand right near the highs again 28,000 470 and Bitcoin crude up another dollar 74 21 we talked to our man Teddy keg stat at 40 past the hour We'll talk some forex. We'll talk some crude oil Teddy's got a webinar folks coming up in April You can check out his Tiger 4x report. You get 30 days money back guarantee He'll have a webinar for subscribers on April 19th. We'll talk about that when we talked to Teddy at 40 past The hour stay tuned for that one go contract the volatility continues. We're rolling over on contracts here So we got gold negative nine dollars on the session at 1981 silver right now off about nine pennies at 2332 and you jump to notes and bonds The volatility persists Let's put it back to a five-minute chart to see the action this morning folks and remarkable You're seeing lower price higher yield. We're talking about a tenure now above 3.6 percent now above 3.6 percent Look at the pullback man that we just had you spike to 1701 and just like that in five days Which includes a weekend? Okay, so from Friday spike of 117 you're back three full points on the tenure right now sitting at 1408 and yeah back to a five-minute chart. It's not stopping man We just dropped from 1428 at about six in the morning. That's when I was up already looking at the market right two hours You drop by 26 right now, but you think the volatility is over in this market folks Just pay attention to notes and bonds because the market just can't figure out what's going on right now There's too much volatility too much unknown coming down the line When you talk about inflation you talk about a little bit of a banking scare But just staying on inflation right the market can't figure out man with the feds going to do just yet And even the Fed doesn't know you heard the Fed right? If the financial crisis doesn't tighten things up then the Fed will tighten things up They don't know the impact it's gonna have just yet We're all gonna find out the impact that this financial crisis in terms of the bank crisis is gonna have we don't know yet And we're gonna find out in the next two to three months We'll we'll lighten up a lot in terms of what we find out as we go into the next two Fed meetings right now But volatility and notes and bonds to say the least we jump over to the VIX Not too much volatility in the VIX though man, you know what the type of moves We're getting in this market folks to see a VIX under 20. I Think is underpriced in this market to put it lightly. We're sitting in 1927 right now All right, let's jump around to some of the action. We got how about some of the earnings man Lulu lemon You talk about a rocket ship man Lulu up. What's that $50 right now? Yeah, $50 you're gonna jump more than 15% on their numbers and yeah, bring it over the article for lumen Lulu Holiday quarter sales surge looks like Lulu was a big-time holiday gift They also beat estimates on 2023 revenue full-year profit and most importantly of all usually they issue upbeat guidance for the new fiscal year the numbers 440 versus 426 revenue they beat by 2.77 versus 2.7 Yeah, how about this one? I mean check out these the Vancouver based athletic apparel retailer said total comparable sales for the fourth quarter increased by 27% Also called same-store sales the metric included sales from stores open continuously for 12 months. We know that's how it works Right same-store sales comparable sales 27 percent we believe that this is one of the few companies in the space that has a very long pathway for growth and It's also a very highly visible one That's a one managing director at Raymond James Rick Patel Nonetheless strong numbers man in December Lulu said inventories at the end of the third quarter were up 85% you over a year the company said Tuesday that as of the end of 2022 Inventories were up only 50% so big numbers from Lulu man over there on their numbers and they're gonna get quite a lift up to 370 we put this thing on a little bit of a longer term time frame And I bring it up because what you're gonna be doing is you're gonna be coming into this area that we spiked to in November before you really sold off so this morning We're gonna test that area and you're gonna pop to about 370 That's right to back to the highs that we had November 7th You got up to a high of 386 in Lulu on That run it had right into their numbers in December before before they disappointed Bringing you back to really this trajectory and looks like maybe it was just a one-off quarter as they're gonna be back to 370 still off the 485 but boy you took about talk about long-term folks We're gonna open at 370 and that's almost the natural area right you put this thing on a monthly and listen They're gonna be around but you're gonna be bumping up against an area That's basically been somewhat resistance outside of the acceleration in Lulu at the end of 2021 You know, what do we get to September of 2020? We got almost a 400. You see the bodies of the candles Okay, 376 or so is where the body of that candle begins in September of 2020 Where's this one? 375 is the top of that candle where you begin you got 370 on the dot is the end of this candle in November of 2020 You got 373 is the top of this candle in December of 2020 let alone you get back to where we were 2022 and of course where we were at the end of 2021 But nonetheless man strong numbers from Lulu and they just keep crushing it in terms of putting up strong numbers In an area man where they are still getting quite a pretty penny for their clothing Some of the other equities there are moving before we jump into the first break Yeah, how about it we got carnival shares catch it a little bit of a lift you talk about volatility following their numbers on Monday Not to 868 right now. You're back to 959. They get Suscahina upgraded carnival to positive from neutral Carnival has ample liquidity and should be able to improve its units margins this year now You take a look at carnival man. This one's always an interesting one. Okay? Maybe this is the breakout folks. That's why I bring it up Don't normally kick off the program covering carnival shares and the first segment of the program But boy this thing's been in quite a downtrend channel. I've talked about in this this on the program before we're gonna come into the first break We're gonna talk to our man Kevin Hanks after the first break But we're gonna talk about this one a little bit longer because check it out folks I've talked about this look at this channel line man And if you are breaking out of this channel line It might be a big one and today we're gonna jump to 960 That's gonna put you over the line of that channel line We'll see how we go. Stay tuned folks coming back with our man Kevin Hanks from TD Ameritrade Network. 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We get the s&p's right now up almost 1% hitting those pre-market highs We're sitting right at basically 4040 make it 4041 as we make a new pre-market high in the s&p's up 1% on the dot Let's jump over to our man kevin hanks every trading day folks 12 noon eastern time right here on tiger tv Fast market from the td ameritrade network with kevin hanks tom white the whole team They get outstanding guests folks. They walk you through hypothetical trade setups. You're talking about defined risk using options Kevin hanks. We got positive markets across the board this morning. Good morning Good morning. Tommy or brian, you know, let's call it yesterday what it was now pretty big yonder In terms of the overall market movement didn't much. They're stronger today and you know, tommy I was just talking with alvarinik and I think this is that time of the year at time of the quarter that you have to really Understand where you are on the calendar, right? You're in spring You're you're you're starting to get into a time of the year where A month from now between now and next month you're going to get a lot of high profile High-tech earnings that have had pretty incredible runs up till now And you know the month of march was pretty interesting the yields came down Tenure yield came down the dollar came down the That's like with the banking crisis has come down back below 20 Crude oil even though it seems like it's higher It's actually down for the month time because we started the month around 80 So the fact that it's 74 now even though because it went to 64 74 is still down for the month. So this is still a pretty positive environment to be in but tommy First quarter earnings are going to tell a lot about how this market goes forward and Some of these names meta Some of these other big high you know high high cap tech names They've had pretty good runs here into this first quarter. So it's going to get interesting here You know, you made some great points yesterday to the same tune talking about some of those tech companies man I was checking out meta I was thinking about meta yesterday a lot Kevin after you mentioned it because boy that is quite a chart man The run that it has had, you know, kind of an emblematic of some of the tech companies and the runs that they've had But met him most of all Just from the demise they had And we come into like you mentioned the end of march. We're coming into the next earnings season I think met in particular. I was jumping around on the thinkorswim platform April 26, so we have a little bit of time until some of these companies come out You got yields jumping around like bonkers, man Even this morning since I woke up at at six in the morning eastern time, Kevin We had the 10-year trade from 114 28. You're down 20 basis points 20 ticks from where you were at you're at 114 08 What I'm the question is right so we come in kind of a low like you're talking about and boy We got some equity still with earnings lulu rocket and higher today But as a trader, it's kind of interesting because we've gotten so used to just an onslaught of economic data with the banks With the federal reserve with the data we got for the month of february and we're in a little bit of a low right now As we come into that kind of next week or two or three. I think we get non-farm payrolls Does it start next friday? Yeah, and then we get cpi the next following week after that But as a trader kevin, I try and find myself. What do you think is going to drive this market right now? I feel like we're sitting at some pretty lofty levels as you mentioned There's there's a there's a lot of unknown and kind of volatility coming down the line We've got markets above 4 000 bonds are trading with volatility that is just amazing to put it lightly Risk reward wise as a trader Where do you see the risk reward negative or positive in this market because I find it hard kevin to see A rapid increase to the upside right now and this is my personal bias man And that's why I love asking these questions Versus just the volatility coming down the line with and not even the banks anymore. Let's just say that's okay Just dealing with everything we were dealing with three weeks ago coming into where the fed said inflation's still raising Where how do you you know rationalize that in your head as we kind of go into this period of a couple weeks really next friday Is the first time in my head that we're going to get one of those mammoth data points for the jobs number And what's that nine days away from right now man? That's almost eternity in this market right now Well, uh, this friday, we'll get personal income and outlays that will give us another look at inflation So even though we we get gdp on bergday It'll be that third look at gdp So I don't expect it to be as volatile 2.7 percent on gdp 1.4 percent on personal consumption expenditures Uh, but income and outlays will give us a pretty good number to chew on but for the end of the week But obviously tommy anytime you're talking about non-farm payrolls. That's the number one data point of the month now Is there headline risk? Every morning with banks. Yeah, there is a little bit ahead of line risk. It's dissipating But every day you're still worried about waking up with You know problems from banks, but they seem to be dissipating. That's why you've got a vixx back below 20 Um, I think the fight against inflation is still there. I think remember drone powell put the target uh Fed funds were uh target at 5.125 percent that's higher than we are now So any talk of pausing rates? That's not what your own power alluded to. He picked his inflation. He picked his uh overall Looked for the uh economy up a couple ticks Uh up a tent in each one So I think there's a lot going on here tommy and it's how does this all play out? How does the dust settle now you're going to get into first quarter earnings in two weeks? And yeah Member traders should be looking out about 30 days and in 30 days you're going to get a lot of the banks A lot of the high cap tech earnings coming out. So yeah, there's still a lot to go on here I still believe that this spring is going to be volatile. So Even though the vixx is 19.4 right now I think still that the vixx that that this market could stay volatile tommy So uh, don't let one lazy day like we had Yesterday skew your opinion on this market. I still think there's a lot going on out there I agree man. I was sending out a note to my subscribers yesterday and I was saying man volatility And this is my opinion not fact folks and we get to see a play out whether it happens or not But yeah, I imagine we got some volatility coming down the line man I was saying patience folks, you know, don't think that you got to you know, capitalize off one day because volatility is not going away We got a lot of Speed bumps to get over when you talk about the economy earnings inflation, etc You mentioned the vixx Kevin I was going to you know, kind of wrap it up with this At a time when you know and the markets have definitely calmed down a little bit versus the volatility We saw when we had banks collapsing every other day It seemed but what do you think of the vixx which you mentioned pretty low in terms of kind of what's going on in this market right now In context, but especially I think you know in terms of the volatility We're getting in notes and bonds The market hasn't been quite reacting as much because they're just almost maybe Normalizing after the volatility in the banking crisis But what do you think a you know the vixx With in my opinion the volatility we're getting in notes and bonds is indicative of just like you're saying We have some volatility coming down the line folks because when you got the tenure trading with this type of volatility The market is just not sure where we're going to be and with the vixx in a 19 handle I see that as just like you're saying man Maybe it's not quite pricing in the volatility that we see coming down the line. We got about 30 seconds kevin What do you think about those relationships in particular? Well, what I would say is apples and oranges, right the vixx remember what the vixx is vixx is a 30 day measurement Of the implied volatility of the spx So that volatility might be down the vixx on on bonds and yields Much people is probably much higher than that as as there's pretty good volatility in there The volatility in the spx seems to be dissipating somewhat. So yeah, you're right Two different stories right and and we get to see if the volatility in the s&p catches up What are you guys talking about on the show kevin at 12? Walmart our h with earnings coming out after the bell and then home depot today. I love it a little retail kevin Thanks so much on a busy morning, man. We'll be watching at 12 for fast market and we'll talk to you tomorrow, brother Thanks for having me on tally Folks, check it out. 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We got markets open. You got an s&p that opens up 40 points to the positive side That's 1% on the positive trading at 4040 nasdaq 100. You're off by 152 right now Excuse me up by 152 the dial up to 60 right now the russell up by 16 And jumping around to some of the articles we had pulled up here to take a look at this morning We'll kick it off with uh, yeah risk-free US treasuries came back to hot investors and bankers who ignore the basics of interest rate risk And there could be more surprises in store. This is uh, the big take from bloomberg out there One set out. Yeah, technically last night this morning and folks it's it's It's just simple stuff. Okay In terms of discussing with friends this morning just absolutely remarkable how this went down. Um And yeah, you talk about losses, man. I've talked about this on the program before Folks, look at this chart, man All right If you think that you know more than the market right now and that you see charts like this with unrealized losses pushing 620 Billion dollars right now. Those are unrealized losses on investment securities at fdic Insured institutions. These are fdic insured institutions and you're talking about nearly 700 billion dollars Of unrealized gains that they're not going to have to mark to market unless there's a run on their bank I don't understand how anybody is keeping money in a bank over 250 000. Yes, you'll probably get your money back But why would you risk it man? You check out first republic this morning? You spike up to 17 dollars on monday and the market says not so much even yesterday You trade from 14 to 12 50 right now But basically fat flat on first republic at 13 50 Let's check out how some of the other banks are trading this morning jp morgan up a bit morgan stanley Up about 1% right now bank of america up about 1% with the market right now Walmart shares trading higher by about 6 10th percent right now I think kevin mentioned restoration hardware are they out with their numbers? Let's jump around They sure are they're going to be out with their numbers after the bell So they got an 18 dollar move in either direction is priced into their numbers Excuse me. We just take a look at This week if you want x action Through friday you're talking about excuse me about a 20 dollar move priced into restoration hardware now Boy, this thing has been quite a run and quite a fall right you accelerate up to 744 you consolidate for an area You break out of that consolidation area hindsight's always 20 20 folks But you want to keep your eye on those breakouts because sometimes the move can be much larger than any of us imagine And yeah, we don't need fibonacci numbers on this chart I mean you can maybe the 786 is where you find a home in terms of a bid if you're looking at restoration hardware That's about 216 But boy quite a quite a quite a fall off when you look at this stock is basically back to where you were prior to Covid and think about it folks think about running a company like restoration hardware where the whole world Decides to outfit their home And what do you do your stock doesn't even go up from a period of three years prior to covid? meanwhile You might not ever run into a better three years in terms of people adapting their homes to spend more time there etc and the niche niche that they are in Is high-income expensive products and that's probably fair the most man They got a restoration hardware international plaza in tampa folks first time I saw it I thought it was a hilton hotel embedded into the international plaza international plaza beautiful mall in tampa And I literally thought it was a hilton hotel because it was so beautiful from from the outside. No, it's a furniture store restoration hardware Nonetheless, they got their earnings after the bell tonight and you're looking at about a $20 move price in either direction All right, I'm going to jump to this article Just theoretical a little bit elon gets some play of course as he usually does But yeah, this is going to start becoming a big deal here So you got elon and other ai experts calling for a pause in the technology's development The appeal causes tension among ai stakeholders are made concerned over the pace of advancement We're getting to the point folks Cyberdyne right cyberdyne If you're not familiar terminator cyberdyne right so cyber down I believe It's it's an interesting one to take a look at man But you start talking about the conversations you can have and the intelligence of computers and the danger that it represents I mean we're at a very early stage in terms of just the the danger right now is misinformation Right the danger right now is that you're interacting with a computer that talks like a human And that maybe you might think that everything it says Is 100 percent accurate and that's going to be a problem because it's not to say the least But some of what they talk about here is a moratorium on six months or more would give the industry time to set safety standards for ai design And head off potential harms of the riskiest ai technologies I mean we've all been thinking about this one since terminator man, and it's interesting when you think about there's probably One area right And this isn't like the computer's takeover the world tomorrow but there's a line and once you cross that line that computers could be dangerous There's like no going back and that's kind of how It it went with terminator right it's pretty amazing to talk about that So they They have we've reached the point where these systems are smart enough that they can be used in ways that are dangerous For society and that is the director of the university of montreal's montreal institute for learning algorithms said in an interview And we don't yet understand and that's I think the the key part right These concerns and the recommendation for a pause were laid out in a letter title titled pause giant ai experiments an open letter Coordinated by a non-profit future for life institute and here's the battle man because you know they're a non-profit the companies who Like to make profits. They're not going to want to pause man But the ad the letter was signed by apple co-founder steve wasniac Well, he's not running apple anymore, man, and he's given apple a lot of grief About things that they're doing over the last few years, but nonetheless he is in there So this is like the beginning of this playing out constantly you're going to see a constant battle for making sure that we have regulations in there, etc And folks regulations get a bad rap all the time, but we're seeing how they play out right now. Okay Chairman powell takes a lot of heat the fed takes a lot of heat for silicon valley bank for Signature, okay, these banks collapsing But we do this over and over in history. Okay, we are not proactive at all I mean same thing happens with flooding right In terms of just constant we don't upgrade the levees in new Orleans and meanwhile we cost ourselves God knows somebody billions of dollars much more money than if we had been proactive now whether we should have done that or not Okay, but it happens over and over new york, etc over and over So what you have happening is is that to be proactive they put rules in place for the banks that said any bank above 50 billion dollars needs to be regulated by the fed because guess what man? We saw what happened the big banks got out of whack. We had to come in and save them Folks, that was like 15 years ago Well, they didn't give it more than a decade and they were already back in there in congress loosening up the regulations saying, you know what? Maybe we should, you know lower the Up the threshold to 250 billion because you know what do we really need to regulate these banks from 50 to 250 billion? They're probably not all that important. So here's the part of this equation, right? You see the risk to everybody When you loosen up the regulation, okay, this is always the battle What was the argument to loosen the regulation jobs, right job killing regulations, right job killing regulations Folks, it's the easiest shtick in the world. Okay, you can argue it left and right 12 times to tuesday. Okay, but guess what? The reward For lessening the regulation on those banks was not worth the risk and we're seeing a play out You're gonna see the battle in the ai. All right, folks. Stay tuned. We got our man. Teddy keg stat We'll be coming back talking some forex talking some crude talking a webinar coming up next month. We'll be right back folks 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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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 market's 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 Build the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u 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 have the markets up about 1 percent s&p of 39 points right now trading at 4040 And it's time to jump over and talk to our man. Teddy kegs that we talked to teddy folks every wednesday at 40 past the hour You can read teddy's outstanding tiger forex report every week. He puts out a new issue monday morning He puts out updates throughout the week when warranted folks Please check it out if you haven't like all the newsletters we do comes with a 30 day money back guarantee So it's basically risk-free you get it for 29 days if you don't like it You can cancel you get a money back guarantee head on over to the newsletter tab You click on the tiger forex report you guys there coming up coming up in a few weeks We have a webinar wednesday april 19th with mr. Teddy kegs dat We'll talk to him a little bit about this talking about the second quarter market forecast webinar and talk some markets Teddy kegs day. Good morning. I'm doing all right. How about yourself timie doing good? So I was just introducing you're bringing you on Um talking about the tiger forex report man as I mentioned people Please check it out in the front page of tf&n folks right under the newsletter tab And if we could kick things off teddy, I know you're going to be putting together a webinar for subscribers coming up in a few weeks on wednesday april 19th I've got the information up here For the viewers if you could just talk a little bit about what you'll be talking about in that webinar coming up on the 19th of april All right. Well, it's going to be a forecasting webinar for quarter two and as we move into the year I mean we have a month ending quarter end coming up Obviously this week. So when we go over to webinar, we're going to talk about the major influences So we'll be talking about everything from what's going on with the central banks You know, um, obviously that's a very hot topic more now than it was just even a couple months ago So and then also a lot of the other influencing markets that are going to be you know dominating the trends for the currencies We have a lot of you know, geopolitical things that are going to really start to impact the dollar as well as other You know commodity markets and things like that that will have a lot of the currencies in tizzy I think that you know, especially we know what we've been talking about the past few months the divergence and currencies Is becoming more evident and I think that especially as we go into second quarter We're going to have some interesting price swings and that's what the webinar is really going to be focused on is Not the micro what's going to happen this week like what we cover in the tiger forex report every monday But more about what's coming in the weeks and a couple months to come and what what you really need to watch out for Because these are going to be the things they're going to really have pivot points for the market. I would say most likely I'm excited for it, man And as we've seen boy when this market pivots boy, some of the moves can just be amazing to put it lightly And for those that aren't familiar teddy, could you just talk to the listeners and viewers a little bit Just about your history and how you got even into forex versus You know equities whatever it be. I know you do candlesticks a lot as well But for those that haven't followed, I know we've gone this through this before at least once or twice But how did you get into really forex the niche and I know it drives so much of what's going on right now, especially But can you give us just a quick, you know, how you got into whether it's markets And then how that brought you to where you are right now with forex trading unlocked and the forex markets in particular Sure, sure. Well, um, I've been in the market since I was a kid literally So but when I first started out on the trading floor at the cboe and then moving to the mark I was in the equity pits. I was in the ox and then I was in the s and p 500 pit So, you know, I was dealing with the stock market every day But on obviously on a derivatives basis and when you were on the trading floor, you know You had all these boards around the pits, you know surrounding the walls of the exchange I mean you could see the different quadrants and you're seeing, you know Everything from grains and oil and currencies and every you name every market under the sun is on these big boards And I got to you know, learn how there was a relationship between interest rates in the stock market, you know Because the bond pit and the s and p 500 pit were the two big monsters back then, you know So when I would see how they make each other swing and how you watch the cash and stuff like that And I started to watch the currencies because I knew that, you know, the bonds influenced the s and p's and vice versa You know, but I knew the interest rates were a function of currencies, you know And we had the currency futures at the merc also, you know So at that time there was no forex market when I first started on the floor You there was the inner bank market. So you unless you were a bank player You the only game in town was a few futures, you know, like there was the d mark There was no euro back then, you know and stuff like that Why I didn't notice I did notice the swings. Um, the currencies had they actively traded well They were more contained like the s and p's is psychotic, you know, um, whether there's news or no news, you know And the bonds they could flatline, you know, I mean the bonds I like the bonds because they have the biggest range on a given day If you trade the euro dollars, you're looking at a three tick market, you know most days, especially back then, you know So I mean, where's there was nothing to do there, you know So the currencies I could see how they trended and that was where I'm like, okay Especially because with futures you have overnight risk. There wasn't 24 hour trading back in the early 90s, you know It was just beginning, you know So and that's how I got into currencies was knowing that, you know I was safer on on whether it was long or short the market if I was right on the trend It was a safer trade, you know, your risk wasn't as high and that's how I got into currencies I appreciate it and I ask you to go through it because it's pretty cool how forex is related to everything, man And you've been through it in terms of being in the equities man looking at bonds looking at markets And I think it's so cool how with, you know, the tiger forex report, man Um, I don't trade forex myself But I love the information you put out, man And I use that information when I'm looking at the markets the forex pairs the currencies the bonds Crude oil and you've given us such an education over the years on how all of those combined To drive so many of the markets especially right now With that in mind, Teddy, where do you want to kick things off on this market, man? Notes and bonds have just been bonkers You want to start kind of to some semblance there in terms of where you see things maybe going? Sure, sure. Um, I mean obviously with the dollar, it's very mixed But with the interest rates, we have a nice little pullback, you know And I think that, you know, what we saw this recent rally was a corrective rally The overall trend is bearish. I mean the Fed's not going to stop raising rates, you know Regardless of what goes on in the economy right now that pressure should remain. Okay So I view this as a currently is a correction I think it was an exacerbated move because when it first started that was when svb first broke At first it was one bank. Don't worry about it. There's nothing to see here. Watch the birdie Now we know it's a systemic banking crisis. There really is a big problem, you know So it's the buy the rumor sell the fat kind of thing So the rumor was we bought the bonds. We had the correction because that's going against the trend It was exacerbated because of the news and now I think we're coming into that point where the market's like, okay Yeah, well, we really don't care about the news. We know there's a banking crisis But the reality is rates are going higher So and this is just a pause because you know the Fed is propping all these banks up So since they're paying their original prices, they're they're playing with the cash They've already been having other central banks buy it. They're not buying our debt now They're buying our debt, you know, and then also lending us back debt for cash So it's the whole it's such a ridiculous loop of what's going on And when it was a cash driven rally in flight to quality Well, the flight to quality is over because everybody the news is not new anymore You know, so now it's a matter of how are these central banks going to react And now their hands are tied more than ever because they want to fight inflation quote unquote supposedly And I'll prop up their own currencies But they can't do that if they want to help the banking crisis and the Fed, right, you know It is an idea It's it's it's so ridiculous, you know So I mean what I I have to say that we're going to stick to the trend and that means that yield should go higher You know, I I think if you're someone who's in the process of you know, either refinancing or purchasing a property You're much luckier now than you were a month ago And I certainly wouldn't wait another month if you're if you're actually going to pull the trigger because you're probably gonna And what about crude teddy? We got about 30 seconds a little pop man We're up 10 bucks from the lows of 64 bucks But as our man Kevin Hings was saying we kicked off the month at about 80 bucks. What do you think a crude at 74? I like where it's bounced up to as far as a target price now We're coming into where it was support for the market before so the question is if we sustain a trade where we're at now We're bullish. If not, we're going to fall back into the range for a little while Critical area man. It makes sense. I got that line on my chart. Teddy. I appreciate it, man We'll talk to you in the next couple weeks coming up to that webinar. April 19th. You have a great week. I'll talk to you next Wednesday, man Thanks, Tommy. Thanks. We'll be right back folks. 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We got two generations of obrians right here We got Edmund Thomas O'Brien the third and Edmund Thomas O'Brien the fourth If you didn't know my first name is actually Edmund Edmund. That's right. We go by our middle name Tom And then you growling raw tell him Tommy He loves dinosaurs folks. He loves Disney We're looking at the s&p here Tommy and yeah, we're rising above that 40 40 area folks If you take a look at uh 618 we got talking about basically from the highs of february You ballpark some of those highs you could take the cherry picked high in terms of the high of february second But you take kind of the area of the lows that we chopped around at and where we coming into Yeah, he's a little tired. He's feeling a little under the weather, but he wanted to come on say hello buy low cell Hi, tell him Tommy. Yeah Yeah, we buying low selling high he's looking at his charts Is that yours? Tell him you like dinosaurs. What do they do stump? What do they do? Oh He's a little under the weather this morning. So we're gonna get out the air. We're gonna get him a little A little drink. Uh, yeah, tell us about the nasdaq. Tommy. What do you think because this thing's rocking, man We got the nasdaq up 172 1.35 right now Quite the move, uh, especially quite the move when you think about right We got rates spiking a bit a little bit of a reprieve you talk about movements, man Notes and bonds you see that Tommy. That's the 10 year my goodness, right my goodness Yeah, you see the lights Tell him Gotta love life folks kids. They keep you young They remind you about the simple joys in life folks life is beautiful as my dad says Yesterday's gone tomorrow's not here. What are you doing right now? Uh, spend some time with your family give him an extra hug give him an extra kiss And remember how lucky you are to have him because it's it's awesome on a daily basis, huh? Yes She said what the numbers Yeah, the numbers. I know buddy, huh? I know. Okay. We're gonna say bye to everybody Bye everybody to see you tomorrow Bye Folks, thanks so much for starting the trading day our man basil Chapman. He is coming up next markets up 1% We'll see you tomorrow folks. Hi everybody