 The following is a presentation of TFNN. The Morning Market Kickoff with your host, Tommy O'Brien. Good morning everybody, we're gonna say good morning everybody. Say good morning everybody. They're right there, they're looking. Hey, you gotta say hi. Who do you got there, Tommy? Say good morning everybody. You gonna say good morning? Good morning everybody. This is Tommy O'Brien. This is Tommy O'Brien. We're coming live from TFNN just after 9 a.m. each time. Tuesday morning. Tell them, Tommy. We're watching a little bit of Cars 3. As is the case, we got a little bit of Spider-Man going on. Did you show him your Spider-Man shirt? Oh, we're watching Cars 3, folks. If you're familiar, familiar. Hopefully, you have my chart, Al? I believe you do, right? Yeah, okay, I believe you do. I'm watching the Tiger TV, Al, and I think I'm seeing the production screen in the back there. There's something going on. So, right now, folks, let's get into it. S&Ps, a little bit of volatility in the overnight session. We have a VIX right now that is flirting with a 13. We're sitting at 1287, pretty much where you spent most of the day yesterday. Markets in negative territory to kick things off. Not a lot happening. What happened to McQueen, Tommy? He was racing Jackson Storm, and what happened? Did he crash? He crashed like that? Oh, my goodness, Tommy, I know. So, we've been battling a little bit of a cold here and there, as was the case in Boston, but it keeps going around. So, we got Tommy at home today. Where'd all your friends go? Where'd all your friends go, McQueen? That's what Jackson Storm says to him. Where'd all your friends go? I figured we're matching. We both got on blue today. We both got on blue today. You see that? You got your blue Spider-Man. I got my blue shirt. What's that? Do you know that? Which one's that? You like my microphone? Say good morning, everybody. Good morning. Good morning. I forgot to re-buy my bedroom. In your bedroom? What do you think of the stock market, Tommy? What do you think? We got right on the board. We're going up. We're going down. Okay. So, not a lot on the economic front happened today. As we talked about yesterday, we got some inflation data on Thursday. We're a week and a half out from non-farm payroll numbers, and we're two weeks out tomorrow from a Fed meeting. We talked to grandpa. What are yields doing? Are yields going up or going down? Are you up? Hey, are yields going up or going down? They're going up. No, they're going down. What did grandpa tell you? If a yield's going up or they're going down. He loves this. What? I thought we said they're going down. Are they going up or they're going down? They're going up. What? I think they're going down. They're going up. Are you sure? They're going up. Classic debate this morning, folks. Two different divergent opinions. divergent opinions both of them represented on TFN and well. Are you sure we're doing the show? We're trying to get out of the pacifier stage it's a as as anybody with kids know habits die hard and yeah especially with two-year-old toddlers. Oh no that's my most you want your most you want to do it here let's jump around the stocks Tommy let's take a look let's show them what's happening we got a show oh I don't know I got your mouse over here mister no no hitting we got to be nice for everybody they're watching look you're right there they can see your spider-man hey you got to let me grab the mouse or we're not gonna be able to do the show this is that show your boss huh he's got his own mouse and his own computer folks it's the only way we make it through these balls this gonna be a tough program it's okay bud don't get frustrated that one goes to your computer did you show him ghost spider we have ghost spider and McQueen oh show oh no no no we cannot be throwing tantrums on air no no no hey everybody's watching we got to be on our best behavior okay do you want your computer he's got his McQueen we'll see how we do we'll see if we make it through the hour it's always an adventure Tommy's turned into a pro but he's still a two-year-old so we never know if we're gonna make it through the hour we have a great time as long as things are going good did you do that did you do that on the chart I'll tell you a funny story as we jump around here one time I haven't playing on my desktop are you doing that are you doing that oh hold on we're pressing too many buttons so I close every single thing down on my computer right I say myself okay I don't have my no no no we can't do that I can get you your computer if you want or do you want to do paint on your on your tablet and this possibility you see the smiles when he gets to make choices I knew computer I know you want your computer look I got your computer right here I'm ready for it I know so I close down everything on my computer thinking okay I closed down my trading let's start it up we'll start it up for you buddy there we go let's start and give it a second thinking okay I've closed down my trading platform I've curl close down Google right I've closed down Gmail I've closed down everything will be good he can't do too much no that's not the way it works with little children folks within the span hold on we got to enter our passcode for you there you go we got you in okay oh who's that it's spidey it's spidey we got two spideys going long story short what happens if you are if you right click on your desktop it turned out some of these audios not sure many people are aware we got put this down so they can see you like that okay it's playing an ad not a fan of YouTube ads like any of us they can't see your beautiful face there you go he knows how to skip them though and what you could do all right now do it right here my camera let's see I downloaded always keep on this device and so what I did was is I basically went he downloaded every single file from what had been my one drive to my desktop so within the span of about five seconds he literally hit the right click button on the desktop downloaded 13,000 different files you want spin where is he he's out there we didn't bring him in here we'll get him at the next break okay we got ghost spider right now this one's gonna be an adventure folks we'll see if we make it through we'll see it's always a battle but it's always enjoyable and I appreciate you joining us this morning yeah so Tommy's on a spider-man kick but there's two there's spider-man and then there's spidey interesting that it's all about Disney Disney's Junior but then you watch it on YouTube you're watching Disney on YouTube how's that one blend right but somehow it works all right let's jump around we got crude catching a little bit of volatility as well we're back above 75 75 we're trading at 75 77 you were just down to almost 74 50 as of about 8 30 a.m. this morning gold I we got to get him at the break we'll get him at the break okay spin is spidey's friend and accomplice and he helps him and ghosts ghost spider so goal we get a rollover in contract okay so yesterday at 2015 you're not up 30 bucks you're out of up about $10 but the trend is continuing man if you haven't tried out the gold report folks great time to do it we'll push in all-time highs in that gold contract right now up another $10 this morning let's jump over the yields you got the tenure right now with a 109 handle we get a roll in the tenure as well so careful on some of those prices as we got rolls going on today we gotta take a quick break okay can you tell everybody we'll be right back we'll be right back you got some we'll be right back we'll be right back everybody stay tuned we're coming back with our man Kevin Hakes don't go away 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 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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 Tigris's for just one dollar for the year there's no cash 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 look at the S&P futures negative by about eight points right now NASDAQ 100 off by 38 points you see a little bit of volatility in the overnight session you want to show everybody spin show him a spin there's spin oh you want to show him his mask how he does his mask show him with the legs oh where do you go he's got his mask down right he's ready to fight crime he's gonna do it are they gonna save everybody there he is and what about the Hulk so it is interesting to see from a business perspective because obviously from being a dad it's amazing how you grow these brands right so he was all about Thomas the train every kid goes through faces but now it's a spider-man face which is on Disney but he's watching it on YouTube which is cool so everything kind of jumps in all right to talk about some of the market action let's talk to our man Kevin Hinks every trading day folks 12 noon Eastern time right here on Tiger TV from the Schwab network fast market with your host Kevin Hinks and Tom White Kevin Hinks we got a market slightly in the red this morning and we got yields tenure at about 4.4 2% good morning Kevin good morning Tommy you know an interesting market we have coming up here I think we the market is really looking towards the data coming out later in the week personal income and outlays and GDP that being said the housing data Tommy is so important the weak housing number we got yesterday Kate Schiller and FHFA we got out this morning why does the market care about that Tommy housing is 32.7% of core CPI it's 17% of core PCE so housing is such a big chunk of the inflation discussion that the markets have to pay attention and frankly yesterday's numbers were extremely weak with you had the case killer month over month up 0.7 that's in line you had the year over year 3.9% that's higher than last month the FHFA was up 0.6 that's higher than expected flat and the year over year was 6.1% that's higher so we've got a pretty consistent string of weak housing here Tommy but today's numbers not as weak frankly I appreciate the wrap up of those numbers we're sitting here with Tommy as you can hear him Kevin he's excited he's got a little bit of a cough so he's at home so we're doing the program with them we've been talking about yields hey Tommy now we have a disagreement here Kevin and we've brought my dad into this conversation Tommy Tommy tell our man Kevin Hicks do you think yields are going up or going down what I think they're going down so you heard him Kevin he thinks they might be going up my grandpa and I trying to tell him the yields might be going down here you talked about housing we talked to people in the market of course looking for a house when you talk about yields Kevin we've talked about before that yields may be coming down in the next couple years and you've laid out a couple reasons why it can either be because the economy is cooling off or something maybe breaks when you talk to people how do you think about the yields when you talk about the housing Kevin do you think that it's it's a good risk reward because everything's a bet everything you know has the ability for a loss but do you think 5% mortgages coming like in the next couple years or something like that and the housing market gets you know more complicated than what yields will do to the price but do you think that's where this market's heading a lot of people probably do and boy that would be quite a difference maker to some of those housing prices if we got 5% yeah I tell me I think that when you look at interest rates you have to look at the inflation picture right that's what made inflation go higher the Fed fighting inflation now what causes inflation watch the money supply right the money supply is dropping and therefore inflation is dropping with it so it's important to watch that and one and two all those different levels of the money supply because remember when we got last month original GDP data within that GDP data there was lower personal income lower disposable income and lower levels of savings so that money supply that is dropping is one of the big factors causing inflation to come down now the expectations for core PCE and headline PCE on Thursday is it go to 3.4 to 3.1 percent in headline 3.7 to 3.5 in core PCE and I'm telling you Tommy the market will like those numbers if it hits as expected which is that that's the consensus if they come down like that the market will like that incremental progress in fighting inflation Tommy yeah I can't wait to see how some of these numbers come in how the next you know three six nine months the year two goes because boy nobody thought we're gonna see 8% mortgages at the speed that we saw them and it's very possible that we get back down to somewhere around the range of 5% over the next two or three years if things go like they're supposed to and we get to find out with that in mind you've referenced it man the main event is maybe Thursday with inflation just like that we get non-farm payables next Friday we have a Fed meeting I think two weeks from tomorrow but not a lot of individual equities maybe with specific whether it's earnings or whatnot but you guys have any equities you're talking about on 12 at 12 o'clock today on fast market Kevin yeah we're like always going to presentation on Dollar Tree the discount retailer massive discount retailer coming out with earnings and then we'll look at that death tomorrow before the open that their earnings come out crowd strike we'll cover today and note another cyber security name and then work day the online the cloud HR director in work day so we'll look at three good names today coming out with earnings after the bell and Dollar Tree tomorrow morning so three earnings place today Tommy pretty cool man as the earnings season still marches on some of the main events were passed but three great stocks Kevin I appreciate the time as always man I appreciate you laying out the case for some of those difficult questions that I'm throwing at you man we look forward to the program at 12 o'clock and we'll talk to you tomorrow have a great day Tommy you too folks check it out every trading day you heard it man I say we're kind of past earning season but three great stocks they're talking about man check out crowd strike right from 100 to above 210 Dollar Tree quite a pullback for some of these budget companies up to 177 last year their last earnings not so kind you break away from that 140 area you gap to 130 and that was a straight shot to almost $100 and Dollar Tree sitting at about 1 1635 Kevin laid out the case man some of those numbers right you're talking about the money supply you're talking about consumer savings consumer spending we get the inflation data on Thursday we'll see where that goes from there but yeah yields and focus and boy it is a you know and I know it's kind of like a long drawn out question talking about the yields but I'm just trying to understand how different people people whose opinion I respect like Kevin Hanks do you hear him I don't know Tommy what do you think yields they're going up they're going down I don't know they might be going down Tommy if the data if the data right I know I know oh this guy I know okay we're gonna be coming back for the open all right you're gonna tell but yeah things go according right it should should get us back down and if we ever get back down to a 5% mortgage man it's gonna feel like the bargain of a lifetime now the next step of that which is why I didn't ask the question of our mortgage is going back to 5% and is it gonna put a fire underneath this real estate market yes of course it is gonna matter and it's gonna help the demand side of things but the thing you have to keep in mind okay and I'm not saying the market will crash is what's gonna happen to the supply side when that happens that's something not a lot of people are talking about supply is not existent right now because no one can sell their house because they don't want to because they have a locked-in mortgage you get back down where they can sell their house and be interesting to see how that may impact things all right folks we're coming back for the open we'll be right back currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Keg stats Tiger forex report Teddy Keg stat breaks down the forex 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watch Tiger TV that's TFNN.com then hit watch Tiger TV moved on to a little snack time and what do we have in Tommy Pringles oh man he is a Pringle man and I think he's seen grandpa eat a few Pringles in his day because he mows the food down man he mows it down in one big bite it's like a weed wacker going in there yeah just mows it down you got to love the life man two years old hang it out like we say we got good screen time and bad screen time man we do have a little screen time but we keep it in check half hour an hour at a time and he's got Spidey you make sure you know what they're watching especially on YouTube man kids can go down YouTube rabbit holes just like the rest of us so be careful and there's just so much tremendous educational content out there and a program like number blocks is one that comes to mind on Netflix we watch that a tremendous amount teachers taught me how to count powers of tens powers of hundreds everything so good programming and bad program keep that in mind all right let's talk about the markets here we got the S&Ps now you know this is a daily doesn't look like a lot of strength man are you ready for Christmas are you excited for Christmas who's gonna come Santa Claus gonna come see me those Pringles I know I don't know who taught him how to eat like that it's gonna be Halloween again next year huh he was a big fan of Halloween this was the first year that he really embraced it loved it could know what was going on was excited to go house to house what were you feeling your dinosaur no oh he loved the ghost at target he did doesn't look like a lot of strength there could be performing a rollover you know it makes more sense that the market gets one little maybe thrust higher but we'll see where we come into Thursday's number maybe we drift higher to above 4600 I only say that because the 1 to 1.618 expansion of this pullback that started October 17th you go down to 4100 and change about 4600 is where the 1 to 1.618 expansion is and that also kind of lines up to the recent cycle high in terms of going back to the highs that we're talking about from this year of 46 34 so we get an Aztec popping a little bit S&Ps off by six but I think with what yields are doing right now that this market is not going to collapse anytime soon we do not have the economic data that everyone is worrying about could take place next year that could point to a recession right those are the two camps kind of we got two camps one is that we're cotton because we've tamed inflation and the market can move forward the other is we're cutting because the market's in more trouble than you realize the money supply is decreasing consumers are under pressure and the economy may face some heat in the middle of next year when everything finally catches up while the Fed's going to have some bullets that they can fire when that happens that's the first thing to keep in mind OK for the longest time the chamber was empty I don't like gun analogies most of the time I shouldn't really do them but that's the truth they didn't have anything they could do for the longest time because rates are so low not the case anymore man if things do go away they will come in but that's not happening right now that's not the worry right now and that is not the economy right now I'm going a little bit big picture those good Pringles I love Pringles who else loves who else loves Pringles I gotta love it folks so with that in mind what's stopping this thing from hitting the recent highs that we got up to with 4600 and change right think about where we are with market rate expectations I'm only talking about 50 points or so OK I'm only talking about 100 points it makes sense that we ring that bell in my opinion the run that we've had the valuations that have been added to with AI all in the time that we've faced higher yields OK important to remember where we are and I think we get that last little run up to about 4600 with the VIX trading with the 12 handle though might be time to look at buying a little bit of volatility especially you want your drink Tommy you got it baby shark up these guys baby shark up hey baby shark up so we'll see where we go we get the S&Ps off by seven right now but the 1 to 1.618 gets us above 4600 the recent high from July is above 4600 seems like it would make sense this market can get above 4600 potentially as we come into the holidays really going to be interesting how we roll around the beginning of the year now I know these are not technical thoughts but you know I like to combine the fundamentals and the technicals we've had quite a rally this year okay if you're talking about anybody who wants to sell boy it would be nice if they get a chance to wait until next year right because you're talking about this year alone you're up a staggering amount and we came into the year at about 3800 we're pushing 4600 right now you're talking about more than a 20% acceleration in the S&Ps so even if people are worried that we could get a little bit of a pullback next year people some people are in the camp right the things start to break that's why the Fed cuts that would not be good for the stock market if the Fed is cutting because things are broken the market would much prefer that the Fed is just cutting because things are going so well that the economy is sustaining while they've inflamed while they've tamed inflation but you might see some selling at the beginning of the year man because we are sitting at a lofty level right now as we come into the potential for the the cuts are already priced in for right now right that's what you have to remember and i'm jumping around but the cuts are already priced in right now we talked about yesterday the odds that they go up by excuse me the odds that they cut by may not even at may just by may so we can be ahead of the May meeting is 60 chances that's up from 30 a month ago that's priced into the market now okay that's part of the reason we got this acceleration in stocks so if that rosiness is priced in and we get more economic weakness than we anticipate you could see a pullback even as we get the Fed cutting to lay out that picture but all things considered i think this market probably gets up to the recent highs we had in july which is above 4600 somewhere in the range of 4607 to 4634 maybe it hits 4600 on the bell that was also the number that it hit on the first acceleration now this is interesting right do you recall that when the Fed first began hiking it was march of 2022 the market actually caught a bit right you pull back from 4800 to 4200 the Fed hikes and the market gets a relief rally up to 4600 before the carnage really got out of hand down to 3600 market traded from 4600 to 3600 over the span of what was that march 28th yeah so april may and and first two and a half months he lost a thousand points so it's not always the action and that could be the case on the other side right oh he wants a little more pringles folks so keep your eye on the yields keep your eye on the market i think we got one more run up to this area and with that though we got the s&p's off by about eight points right now you want another pringle buddy do you want a grape no no grapes just yet we'll have grapes later he does love fruit and we have some grapes in here there wasn't going over the grapes of course just yet but we eat a lot of fruit we eat a lot of grapes he's big on green grapes right now he likes strawberries he likes bananas but who doesn't love a good cheesy pringle right okay let's see what else we got pulled up in terms of what we're talking about this morning uh did you get your cyber monday shopping going on yesterday let's jump around to some of the retailers target shares we were targeting in last night it's like our toys are us like i talk about but they had uh they still had deals they had buy two toys get one free not bad with the holiday season man as long as you're not over spending that's the kicker really tough to imagine if you are or you aren't where you're gonna buy that anyway you know you you buy two toys for 10 bucks you get the third one for free you still spent 20 for three toys so uh target they back off a bit down about half a percent this morning you jump over to walmart walmart shares up about three tenths amazon shares down about six tenths uh the other part of that conversation i was telling my dad yesterday went to walmart over the weekend just to see some of their black friday sales going on as well they're much cheaper than target oh boy that user experience nothing like the target experience we'll finish that conversation up 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 tygruses for just 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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 funds 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 for side fund services LLC this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz to get the s&p is off by eight points nasdaq 100 barely in the red by 22 right now you know the other bell that could get rung out there is the nasdaq 100 hitting an all-time high i mean some of these equities have been soaring right in terms of the magnificent seven wouldn't be surprising if you get the nasdaq 100 to ring that bell just like you get the s&p 500 potentially to ring the bell that we got just from earlier this year at 4600 and change before you get a little bit of heat potentially at those levels apple shares today basically flat you jump over to microsoft shares look at that right wouldn't be surprising man look at microsoft up by half a percent from microsoft shares you jump over to amazon look at amazon back to the 618 of its entire pullback from 190 down to 81 bucks you're flirting with the 618 you're also coming into an area that you had from august of last year that high 146 57 look at that we're within five pennies that high right now as the s&p is off by 10 right now you jump over to some of the other magnificent seven meta shares they start off in negative territory down by about seven tenths percent right now you jump over to nvidia the ai poster boy nvidia shares off about four tenths percent right now all right let's check out how we're doing on currencies you jump over to the dollar index yeah this is you know go check out the gold report if you haven't yet folks gold gets a little bit of a pullback but we just touched almost 2050 you're looking at all-time highs at 2089 from august of 2020 and we have been consolidating for more than three years pushing these price levels yeah we'll see where we go from there but you know if you want to do the conversion in terms of yields dollar commodities right that's a monthly on the tenure you put it back to a daily we have quite a rise you're coming into potentially the 382 area on that tenure but yeah we got some lofty levels man in terms of if you really are getting a pullback nothing's to say we can't get back to a 618 I mean you're only talking about where we were in July that's not crazy right that's not crazy at all in terms of that pullback in yields I think my dad was saying we might be at you know he said something in terms of the pullback that we might get in yields just over the next two weeks could be substantial a lot of that priced in but it's still gonna matter it's gonna matter to yields it's going to matter to the dollar index which is going to matter to gold and gold has some room and and some of those gold mine are as boy he's laid out the case on this program as well you know for some of these equities right when you are produced in gold and you think you're going to get 1800 bucks an ounce and then you start getting 2000 bucks an ounce and then you get 2100 well boy when you start getting 2100 22 23 24 2500 sometimes that acceleration transforms the company from barely break even to just a printing press of cash because their costs are set at a certain price level every dollar above that straight profit and you can get a little bit of a run are you gonna have a little drink okay sounds good tell me uh so keep it on your radar we've already run from 1828 but boy you know would not be hard for this thing to push 2500 in a heartbeat when you're only talking about a 25 percent acceleration in the gold contract and the miners really could really catch some bids well over that depending on how how fast and how high this could go all right let's check out some of the banks this morning you jump over to jp morgan barely in the positive you get the dow basically flat you could call the strongest index nasdaq 100 barely in the red by two tenths percent dow negative yeah dow basically flat s and p's off right now by two tenths percent as well and you get the rustle off by about seven tenths percent right now all right let's jump around to some of the other equities micron micron down about three percent they raise the earnings outlook and they beat estimates but guess what not living up to expectations uh they raised its outlook for adjusted revenue in the first quarter of the fiscal year to 4.7 from as much as 4.6 it expects almost a billion dollars in adjusted operating expenses far exceeding analyst expectations so there you go right expenses they got to get all those expenses uh microns up decently this year up 55 percent so far but they're trading down by about three percent so far today we talked home prices kevin mentioned it us home prices hit record with the eighth straight month of gains how is this happening with mortgage rates stuck at eight percent man well supply folks if you remember econ 101 okay if you didn't take it the way it works is economics are a function of supply and demand where those curves intersect is where price equals okay so price is a factor of supply and demand straight out sometimes it's a demand factor sometimes it's a supply factor right now you have very little supply so it doesn't take a lot of demand to push the price up on where those curves meet it is going to be interesting to see what happens as yields potentially drop interest rates drop and imagine people who have been stuck in their home for the better part of three or four years who have crude a vast amount of wealth even built into their homes right depending on where you are man some people have accrued hundreds of thousands of dollars if not millions of dollars depending on where you are and they're going to be able to sell and they're going to be able to sell and they're going to be able to do it without taking it on the chin and they're going to be able to sell and either downsize or upsize accordingly and it could release a flood of supply into that real estate market so don't be so sure that the market is going to accelerate higher as those yields drop yes the demand side will be helped but we have a severe supply side problem and supply will increase as well so that will be one factor that is going on at least but how about it man point seven percent in september from august eight straight month of gains for the index mortgage rates above seven percent of chilled the housing market yeah what do we add about seven three or seven four something like that on a year-over-year basis prices climbed almost four percent in september compared with a 2.5 percent annual increase you ate all the pringles would you like some grapes we're gonna have to you got more pringles we're gonna have to wash you down with all that cheese you know oh you feel that cheese you got some cheese on there i think you got a little cheese on there do you want a couple more pringles okay new listings have been ticking up recently and mortgage rates have declined after peaking earlier this month uh yeah in the four weeks through november 19th new listings increased five point two percent from a year ago but i like thinking big picture occasionally i combined that with some of the technicals if anybody has any takes on how that plays out please give me a call 877-927-6648 do you think that when was that in dominus rex what that's spidey that's spidey uh what do you think that's going to play out right do you think because boy it is staggering when you look at what people are paying on a monthly basis for like a five hundred thousand dollar property right now well they can go four to six or seven hundred thousand dollar property if rates go back to four and a half to five percent so that's the real deal there but everybody being willing to sell their house is going to be a real deal as well that'll put a ceiling on how fast prices can climb when you have a supply deluge coming out that's been held up for the better part of four years and it's not just held up for four years remember that people have not been able to sell their house for four years while they've seen the equity in that house rise dramatically so that's where you may get some movement once they can actually sell them all right we got the s&p's off by seven uh we're just chopping right in that area right now market makes a low just below 45 50 on the open we're a few points above that level the vixx priced accordingly right now very little market movement and we got a vixx sitting just under 13 stay tuned folks we'll come back we'll take a look at uh some of the currencies we'll take a look at the yen we'll take a look at the euro as well we'll be right back 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 obrien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u 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 obrien's gold report newsletter now at 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 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quarter percent right now let's jump around some of those fang stocks you get apple shares slightly in the red by about 110th percent microsoft catching a bit never answered microsoft man look at that up $2.80 microsoft that's an all-time high right pretty sure yes i don't want my dream you don't want your drink i'll hold it for you buddy that's an all-time high for microsoft as we speak up another $2.58 right now we jump over to navidia they're down by one percent they just made an all-time high last week uh boy it just keeps going on we jump over to amazon shares on the heels of black friday amazon gives up 1.4 percent they've been on quite an acceleration as well a little bit of divergence going on with the drop there for amazon giving back some of the gains it's got in the past week and one of their competitors not really but maybe they're coming for them shine or sheen how do you pronounce it i should know and i will know pretty soon as they're coming for the public markets man so they're looking for an IPO they filed that could take place next year and they're looking for a valuation higher than of course their last funding round which was in may at 66 billion dollars yeah and that would put that market value well above h&m's 27 billion but below zara's parent of 127 billion now this is the online retailer that primarily ships everything from china right so you're talking about very affordable prices but you're talking about shipping taking as long as two to three weeks sometimes etc completely different mid different business model than amazon okay you can have some more but it's the end of the program buddy we're gonna have to say bye to everybody hi everybody are we gonna say bye are we gonna say we'll see you next time okay they're out there don't go away folks who's up next basil is basil up next yeah stay tuned for basil don't go away they see you next time see you next time don't go away folks and grandpa's up later too tell them grandpa's at three grandpa's at three grandpa's at three grandpa's at three o'clock folks folks thanks so much for tuning in starting your trading day we look forward to seeing you tomorrow and we'll be back thanks so much folks we'll see you tomorrow bye everybody that was great buddy there you are