 The following is a presentation of TFNN. The TFNN Bull Bear Training Hour. Every training day, live at 10 a.m. Eastern. Call now. Toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Training Hour. Now, Tommy and Tommy O'Brien. Welcome folks, appreciate you growling and prowling with us out here. We have the DAO Industries trading down 152. We get the NASDAQ off 54. S&P's down 18. That's a drop of 6 tenths of 1% in the DAO. 6 tenths in the NASDAQ and 3 tenths in the S&P. Gold contract. Gold contract trading up $2.60 at 12.87 an ounce. We have Silverflat $14.78 an ounce. Light Sweet Crude up 11 cents. $61.81 a barrel. Notes and bonds. They want higher price, lower yield. And they are buying notes and bonds. Hand of a fist, folks. Tenure note up 3 ticks. 124.03. 30-year bond up 7 ticks. 148.29. But if you want to see the volume behind these, these are big volume bars. And we'll take a look at the 10-year first. What are you going to see, T.Y.? What we have with the 10-year. We had volume come in yesterday. We did over 2 million contracts yesterday, which is huge contract volume. But we're going to do that again today. Yesterday, we did 2.1 million contracts. Head of price point of $124.08. Bottom line, you're at $124.03 right now. We've already done a million contracts. Big numbers. 30 years, same type of setup. Kingdala. What do you have with Kingdala? Kingdala is lower. Volume is contracting on Kingdala, but it's not holding price. We've only done 6,300 contracts and Kingdala. Yesterday, we did, I believe, 16,000, which was a little, that's up on volume. There's no doubt about that. Now, Kingdala is inside its lower range. Let's go take a look at this. Yeah, we did 17,900 contracts yesterday. So bottom line, you're inside the range. That sets up a good Kingdala going down to that 94,950 area. We're going to take a look at the Euro. Just the opposite of Kingdala, of course. Euro, bottom line. This baby is pushing into its higher range. You are $1,144. Anything inside of the $1,117 gets in its higher range. We go over to the Yen. We take a look at the Yen. What do you have with the Yen right now? Yen's trading at $109.66. Now, this is what's helping the gold market out here. Gold doesn't broke top side yet, but bottom line, just as the bonds want to break top side, gold's looking to break top side also. What we have inside the Yen, the Yen is at $109.66. That's down from $112 two weeks ago. So $112 is a weak Yen. $109 is a strong Yen. When you get a strong Yen, gold likes to go to the moon. Right now, I suspect what we're going to go after is going to go after this $108.92 number. So you get big action inside these occurrences. We go over to the gold market. We take a look at gold. What do you have with gold out here? Gold right now. We have the gold market trading up $2.40. You get $139,000 contracts, which is good contract volume this early in the morning. Bottom line, yesterday you were pushing higher also with the $307,000 contracts. This gold is trying to get inside the... We're $12.87. The next leg here... Yeah, look at this, man. It's really... We hit $12.89, but this $12.88, $12.90, this supply line has given it some grief. There's no doubt about that. And that supply line, by the way, folks, goes all the way over to December 28th of 2018. That's where the supply line is coming. And we'll see how this baby shakes out. But the way that it is setting up, it looks like it wants to bust topside. We take a look at some of the higher volume equities out here in this market. And today, what you have, which is pretty serious, is that you have Asia up, you have Europe up, and our market can't hold price. It looks to me like we're building a monster ABC structure on the way down. You get an advanced micro right now, $0.05, you get semantic because that's down $3.45. That's getting hit. Zillow is up $2.62. They came out with numbers last night. We'll go over those in the next segment. Apple's down $3. Let's go take a look at Apple. Apple's just slowly getting sliced up here. You got Apple, you know, last 10 days, you're down from $2.15. You're at $1.96. You've gone by the gap. Now you're into the $1.97 area. And you can see when you're looking at this chart that that's where it wanted to get into number one. What this sets up with Apple is about a $184. $184, folks, is the low that was established out here on the 26th of March. We'll see, you know, bottom line, just what type of acceleration we get on the way down. Looking inside the Dow Industries, the strength versus the weakness out here. You get point-wise. You get Apple putting in 26 negative points. Boeing 21, Home Depot 18, Caterpillar 13. Positive-wise, you have Big Mac putting in 6. Positive, Walmart putting in 5. Procter & Gamble putting in 2. We go to the NDX 100. We take a look at the NDX. What we have with the NDX out here. There she goes. NDX, you get JD.com is up 5%. Bookings.com is up 4.7%. You get Qualcomm up 1.3%. Xilinx is up 4 tenths of 1%. Taken away from it. Symantec down 15%. You get Marriott down 4%. Wynn International is off 3.7%. And you get Mylon Pharmaceutical down 3%. Let's go see what Marriott has to say. Come up with numbers. So you get Marriott down $5.129. That's a big number there. So let's see what we got here. Okay, so Marriott International, they were looking to make $1.34. They made $1.41, so they beat there. On Revenue, they were looking to do 5.13 billion. They did 5 billion. You can see, once again, we've been going through these, as the last couple of weeks, as these numbers, folks. Bottom line is that what you can see, the market does not take kindly to an equity that's claiming that they make more money to the bottom line and their revenue in the top line isn't there. Bottom line, you can see it over and over and over again. That's what you have happening out here. We go take a look at this S&P right now. Now, when you take a look at these S&P, yes. ICE, it looks to me like we got a large ABC structure setting up here. Come on, baby. Let's see. That one. Okay. Let me get another screen. It is a screen. Okay. ESM-9. So, when you take a look at this S&P, what you're going to see out here is that, you know, we got about seven or eight days into lower price. You get a bounce up, and this was really dangerous, yeah. So, we got a high of the futures of $29.61. You're at $28.50. We hit $28.89 today. It couldn't hold price. That's, you know, and I suspect we're going to get a little bit lighter volume out here today. That is really dangerous, folks, because then you have, what, $29.61. Yeah. You got about $125A to B inside the futures market, which will get you somewhere, let's see, well, $125. That's going to be $27.50. $27.50. So, that's about another hundred points down. We take a look at the next swing point out here. Yeah, there it is. This year's. So, going into May 8th. May 8th, you got $27.50. So, $27.57 is the high. It looks to me like that's where this baby is setting up for. And we'll see how the rest of this shakes out. You get the Dow Industries right now, trading down $174. Nasdaq off $64. S&P's down $22. Stay right there, folks. Come on. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. 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Toll free at 1-877-927-6648. Internationally at 727-873-7618. Folks, Dow is down 202. You get the NASDAQ off 83. S&P is down 26. You get the composite. Composite's getting some juice on the way down here. If we take a look at this. So composite right now, you're down 83. Now, it's going to be quite a bit to... you know, you failed at the highs. So now, when you're taking a look at this, more than likely this could just be a monster consolidation, but the lows of this consolidation get down to 61.90. I suspect the first stop is going to be somewhere around the 77.14, where I'm going with that 77.14, folks. That is the March 15th high. That's where that is. Okay, so last night when you had the negotiations to start between China and the U.S., they're continuing today. Bottom line, let's take a look at some of these tweets because the disinformation out here is extraordinary, folks, and so you just really should wrap your head around what tariffs are all about. So Trump is out here this morning, talks with China continue in a very congenial manner. There is absolutely no need to rush, as tariffs are now being paid to the United States by China. Okay, that's a lie. That is now how tariffs work, folks, okay? So let me go through the rest of this. Let me just say that again. As tariffs are now being paid to the United States by China of 25% or $250 billion worth of goods and products. The way tariffs work, if you're importing, it's our companies that are paying the tax, folks, not China. These massive payoffs go directly to the Treasury. What blows my mind is that, you know, the amount of disinformation is amazing, and the real question is, do people believe it or not? That statement right there is just not a lie. Next one. The process has begun to place additional tariffs at 25% on the remaining $325 billion. The U.S. only sells China approximately $100 billion of goods and products, a very big imbalance with over $100 billion in tariffs that we take in. We will buy agricultural products from our great farmers in larger amounts than China ever did and ship it to the poor in starving countries in the form of humanitarian assistance. So it sounds to me like Trump is going socialist, right? First off, you're saying that China's paying for it. It's not. We're paying for it. You're going to transfer of money from one pocket to another pocket. Next one. If we bought $15 billion worth of agriculture from our farmers, far more than China buys, we would then have $85 billion left over for new infrastructure, healthcare, and anything else. China would greatly slow down, and we would automatically speed up. Taps will bring in far more wealth to our country than even the phenomenal deal of the traditional kind. Also, much easier and quicker to do. Our farmers will do better, faster, starving nations will be helped. Waivers on some products will be granted. Bottom line, folks, all you have to do is go look at the agricultural products. Our agricultural products are getting smoked beyond belief. That's the bottom line. That's how this is shaken out. So if you're a farmer and you're out there, you're going to see quite a bit of destruction because what you're going to see, it's already happening in the Midwest, folks. Bottom line, land prices are down. We'll go from there. My point, more than anything, is on the first tweet that China is paying for it. That is an absolute lie. Lie, L-I-E, okay, and a huge way. Our phone number is 877-927-6648. We go and we take a look inside the ND. Actually, let's go... So this is what's unusual out here this morning. You have... Last night, we had Asia up. Japan still closed. Shanghai was up 3.5%. Xinjiang was up 3.2%. We go over and we take a look at Europe. And what we have is that Europe, you have the FTSE up 1.10 to 1%. The DAX is up 7.10. But watch this. When you're taking a look at this, what it looks to me is that what you have is that you have the DAX, the FTSE, the CAT all doing ABC structures on the way down. Because what you're going to see out here is that, like right now, I have the DAX up. The DAX is up 90 points. We're trading at a price point of $12,064. The high today was $12,140. Bottom line, you're going to have light volume. That also looks like it's setting up an ABC structure on the way down. We go take a look at the FTSE out here. What you're going to see inside the FTSE, same type of setup. Now, the FTSE has already really given it up. What you have is this, is that the FTSE is at $72.21. We hit $72.68. Now, this is a monster ABC down. Well, it's a potential ABC down. You'd have to break the B point with volume. But the way these are setting up right now, they'd be setting up that we're going to go after these B points next week. You're going to see on the FTSE, you have the high out there at $75.28. We have the low of yesterday of $71.92. So $75.28, what did I say? $75.28. You had approximately $300. Which would bring the FTSE down to about $6,900. And $6,900, look at that. $6,900 is going to bring you back to January of this year. Bottom line, you get a lot of moving pieces. Those moving pieces, folks, all want lower price. That's how this is set up. Because you've got to remember something. If we take a look at the S&P, no matter where you look, bottom line, folks, is that you have just about everything made in China. So on the S&P, what you have is that the companies in the S&P are going to either eat the 25%, pass it on, or split it up. Either way you go, what will end up happening is that that's going to be higher prices, higher prices, most times equal less selling. That's how this comes down. What we will see, and I'm sure these companies are going to be scrambling in a big way, because I don't think this is going to be over quickly, is that they're going to stop moving. The ironic part about this is that they'll start moving to Vietnam. They'll start moving to the Philippines. They'll go offshore, and they'll go offshore very quickly. And that's what they're going to have to do to bring those tariffs down. Bottom line, it's not going to change the context. It's going to change the context of how much trade overseas versus here. Because if you think the last 20, 30 years, and this is the other side of this too, by the way, the last 20 or 30 years, if you wonder why our prices have not going up, it's because of the aspect of inexpensive labor, huge amount of technology, and that is what kept prices flat. Because when you go back, when I go back just 30 years, and I look at what things have cost, and I'm talking about you can go from shirts, you can go from anything. Bottom line is that if it was all manufactured here, guess what? It would be a big, big number, folks, okay? Because it's a cut and dry deal. It's what is the cost of labor versus the cost of goods. You know, the cost of commodities, as through the cost of goods, I mean the finished goods, are very inexpensive. The cost of labor to get the goods done and get the goods out to market. That's where you run into some big numbers. Let's go take a look at the small caps out here. Small caps out here, right? Right now they're down to doll 35. You've got 154 million shares. What we did yesterday is this. You did have an expansion of volume, bottom line. We hit a low out here yesterday of 153.74. High volume is going to be coming right back at us, right down to those levels. Stay right there, folks. Come right back. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter and market insights, then now is a great time to sign up for a 30-day free trial. Every morning by 9.30, I send out my morning letter to subscribers with market commentary on a variety of markets, currencies, and commodities to keep investors up-to-date on the day's trading action. Included in market insights are specific buy-and-sell recommendations for stocks, ETFs, and even options, with stops and price targets included for every trade in my newsletter. If you'd like to try my newsletter risk-free for 30 days, then head over to the front page of TFNN and you'll find market insights under Trading Newsletters. I use my years of trading experience to bisect and dissect the market every morning and give my subscribers the most important information they need to know for the day ahead. I even issue afternoon updates for my subscribers whenever warranted with important market action. I'm always scouring the market for the next great trading opportunity. Sign up for your 30-day free trial to my daily newsletter, Market Insights, today by visiting the front page of TFNN.com. Well, go get them, folks! The path of least resistance is David White's daily trading newsletter, and if you're looking for active trading ideas, then now's a perfect time for a 30-day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options. David keeps his subscribers up-to-date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30-day free trial to David's daily newsletter, the path of least resistance, with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently, and if you'd like to see the type of newsletter he delivers every morning, then visit the front page of TFNN to find the path of least resistance under trading newsletters. For all the details, and to start your 30-day free trial today, log on to TFNN.com now. TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. 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 trader's methodology. Using this first-of-its-kind program, the Art of Timing the Trade Chart allows you to scan thousands of stocks for Fibonacci formation setups, including Gartly's, ABC's, Butterflies, and much more. The Art of Timing the Trade Chart 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, we're offering licenses available at only $79 a month. We are so confident that you're going to love our starting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the Art of Timing the Trade Chart today by visiting tfnn.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Now it's down 215. You get the NASDAQ of 82. S&Ps are down 27. And let's go over and take a look at Zillow. So Zillow came out with their numbers last night, folks. The low for the year is 26. The high is 65. That's trading up $3.50 right now. It had come down to where it had strength in February. Did it with light of all and bottom line just wants to get up into the $45 level now and you're at $37. Now what you have out here, the Zillow is already down from a price point of 66. So you're talking about an equity that absolutely gets smoked from June of 2018 until November of this year. You come back up, we'll see whether you can get any other traction. Now here goes the numbers on Zillow. So this is pretty let me run you through these first because this is pretty cool what they're saying but when you actually break into it I'll let you make the choice here but let me go through this. So what you have is this the first quarter revenue the estimate was 430 million they made 454. So revenue wise goes up, right? No doubt. They see second quarter revenue the estimate had been 494 million now they're going to be 568 to 594. Now that being said when you take a look at these results so here we go Zillow their PR is saying okay how the transforming buy sell rent and finance homes today announced this consolidation financial results for the three months ended March 31st of 2019. Now the first line is what you really want to wrap your head around, okay? Which is transforming how people buy sell rent and finance homes, okay? We deliver strong first quarter profits that met our exceeded our own expectations in all segments premium line real estate transactions come together. So what you have here folks is this Zillow has gone from a advertising platform and they open a mortgage company and then they're actually buying and selling homes my take on this goes like this that okay so the consolidated revenue increased 51% year over year 454 exceeding the company's outlook primarily driven by outperformance in the home segment strong demand for Zillow office see the acceleration of gross income folks is because they're buying and selling homes right now that'll be a normal deal you know let's picture this picture that you get a broker which we advertise on Zillow okay we got a brokerage we got a construction company we get all the above right so what ends up happening is that first you you're doing just advertising okay so let's say it's advertising a thousand bucks a month and you get all these brokers in there then all of a sudden you get in the flipping business well bottom line is that they sold 414 homes in the first quarter that's an increase of 200% that would definitely bring up your gross there's no two ways about it bottom line that's when their advertising business is only growing by 6% to 7% that's not that's not a big number man that's not a big number so it's gonna be interesting watching how this whole thing actually does shake out once it gets to the top I do think it's gonna get to that top of 45 but I think when you actually look at the numbers and you get down to that balance sheet it's a huge difference you're talking apples oranges all the above we get a question here about the tax opportunity zones if you okay so let's go through this because no matter where you live in this country folks okay you've heard my ad on the network more than likely okay so we do a lot of building in St. Pete we happen to we're in the CRA anyway okay the CRA what happens with the CRA I've been used to CRAs because they've been around forever CRA gets your tax credits gives you all these types of incentives what has happened with the tax bill okay of 2017 there's a whole different ball game that has never happened this is how it goes so no matter where you live folks you should look at this because you can do these individually too this is where if you wrap your head around this and I'll give you the notebook edition or whatever that remember those notes those notes okay so this is how it works there's zip codes across the whole country that are tax opportunity zones the way this works is that let's say that you have a capital gains this year of 100,000 you can take that 100,000 and you can do this individually by the way you can take that 100,000 you could not pay your capital gains for an additional 10 years you can pay it 7 years you can pay it 10 years let's say the capital gains and that was 30 well you end up paying 15% but that's not the kicker this is what the kicker is if you buy inside that opportunity zone all you want a business inside that opportunity zone let's just I'm going to do it this way so you can make it real simple take the 100,000 no matter where you build a duplex two units right you have the two units for 10 years you sell the units and 10 years how much tax you pay? 0 0 tax I'm doing that on a lower level but it's an amazing program what you want to do is you want to there's zones that are out there there's zones that are out there that right next to major cities that are already getting gentrified so the plus and the minus of it in the program in general is controversial bottom line folks it's game on like in a huge way you're going to see these cities get built out much quicker than you've ever seen the amount of money that is out there is absolutely incredible and you can do this you can build 100 apartments you can build one apartment you can Google this thing check it out what you can do is you can also Google the opportunities zones a map will come up and as the map comes up you expand the map and it will show the zip codes because this is done by a census and this is the bottom line even if you want to speculate and buy dirt what you want to do because this is still brand new there's you know we've been into it for a year and a half but the bottom line is that it's still brand new what you want to do is you want to buy dirt the dirt in that zone is worth more than the dirt right outside that zone this is a continuation this is not like there's going to be funds that basically pour bread into it but then you can do this all the way up to another 10 years and then that extends for another 10 years so this is not like just a 10 year program this is like an exponential program and bottom line is that zero tax so it's pretty wild but it's worth if you're in the real estate business if you want to even get your toes dipped into it and thanks Z for asking the question because it's well worth it it's like insanity actually particularly because what ends up happening is that you're deferring all your capital gains at the beginning of the deal but there's never been a program that you actually can do something and by the way if you're in the real estate business you can actually open a business and have the same thing and sell that business later and still paying no taxes wow 877-927-6648 we get over and we take a look at the GDX what do you have with the GDX out here so the GDX right now you know I actually I'd like to see it reject lower price out here because we'll be going sideways inside the GDX and if we get this rejection of lower price today we're going to have lighter volume that's what we need in order to get to higher price right now the GDX is $20.41 iPhone number is 877-927-6648 Dow Industries down 255 Nasdaq off 108 S&P down to 34 come right back if you're in the CD market and looking for a secure investment the Tiger First mortgage program may work for you but the Tiger First mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal $1.1% would give you income of $1,550 per year or $6,200 over the four year period that same $50,000 investment in the Tiger First mortgage program would give you $3,500 per year or $14,000 over the four years what should you prefer $6,200 or $14,000 of interest on your investment if you'd like more information about the Tiger First mortgage program you can call me at 877-518-9190 that's 877-518-9190 if you haven't checked out the newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative, up to date, affordable and must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks, bonds metals, commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade L-A-B-U or L-A-B-D directions daily S&P biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services, LLC don't forget you can listen to TFNN live 24 hours per day go to TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV for the latest market information welcome back folks Dow, Dow is down 282 you get the Nasdaq off 131 S&Ps are off 40 you get a little bit of acceleration here we have the Dow right now down 110 1.1% Nasdaq down 1.6 10 to 1% the composites really building some steam up here if we go take a look at the NQs what you're going to see NQs right now so the NQs right now are trading down 133 they just jumped back inside the 7541 and they come in there with a vengeance so let me just look at this for a second so if we take this this was intriguing here I started off the program saying I'm going to push on the way down now what the real problem is for the bulls is that this is still the A to B portion that's what's going to take place here which is pretty intense man because this leg is just accelerating and if I do this intraday okay so intraday 19,000 contracts versus 29,000 contracts okay so you got an ABCL so we have an ABC structure down on a bigger basis the real question is going to be where do I start this A point well the most conservative would probably be starting it the building cause you try to get up to ice okay bottom line is that the thing is pretty amazing here of two folks okay so tick down tick wise you have only done a minus 1188 let me show you something remember we were talking about this and we've had two different ones the first one, first up tick was that plus 1414 that was generated on Monday which I felt was a problem that doesn't happen on markets that will go higher what happens is that it was a fast counter turn bounce and everything I was saying yesterday yesterday we got a 1407 you don't want to see that if you're a bull because what happens is that when markets first bottom out folks what you get is that you get fear first not greed coming in so the way that you have to get established into a bottom is that you get too much selling and that when you get too much selling the acceleration of that down tick minus 1415 minus 1500 somewhere in there then you get a second one then simultaneously what you get now we're starting to get this a little inside the trim inside the arms index 1.63 that is expanding now you can see yesterday it didn't do it yesterday all day long it was the same type of 1.1 1.2 what this means is 1.6 is that people traders are selling the same stock that's the easiest way to basically digest when the trim goes up as the trim hits 2 what it means is that everyone is selling the same stock when everyone sells the same stock they're going to be selling the high flies because those are the ones that are going to be going down the quickest what happens there is that everything sold the selling subsides then it doesn't take much buying to basically get into higher price right now though bottom line look at this on a longer term basis this market only has it has about another hour to basically do something because what will end up happening is that what is just done what the spy has just done is just jumped in the next lower range so the spy is setting up that we can get to the 272 or 283 as soon as it jumped inside this 285 that did it we started off the day 286 you jump inside 285 and the other end of that is 272 we take a look at the NDX100 and that baby is set up the same way we just did we jump inside that let's see yeah we did once you jumped inside 182 bottom line that puts game not as bad that put game well 175 puts game down to 175 you know and we'll see if the volume continues okay so right now well this is a cleaner ABC down I see this one let me see this for a second it's not that big but it's a clean one I think it's a clean one yeah it is okay so this is not that it's not that big a ABC but intraday what you have is this so intraday in the cues you got let's see 186 95 that's five bucks which gets you there you go okay so we're almost there 180 189 inside the cues yeah well we have it right here and this is not done yet we hit 181 25 so it's got about another point you know we'll it's gonna be hard for this market to basically get new traction right now the you know no matter what tweet comes out I would say that you know I started a program folks okay this is where this gets bizarre so each and every time because of the first tweet out here today that China is paying for it let me tell you something this market is gonna pay less attention because now you're dealing with people's money maybe the rest of the country is gonna believe that China is paying for the taffs but guess what the people in the money business there is no way they're gonna look at that like you gotta be kidding me man you're gonna be saying that the China is paying for the taffs when they know these people are sitting there standing there saying bottom line that we are paying for it okay market is saying it flat out also you know so I suspect as I said a little bit early you're gonna have some of these companies move offshore and they'll they're gonna have to move offshore that's what it is because the spreads and I'll do this Monday I have the spreads actually on the Bloomberg did this deal they did this deal it's pretty cool that the the aspect of the spread on some of these S&P companies what they're making right now meaning 7-10% and what will happen with the 25% you know it's not dramatic but it's enough that what you're seeing out here is that if you're a fundamentalist what you're seeing is that the PE of what these companies are gonna trade for has to go down that's the bottom line because the spread is gonna go down what no one knows yet is that as the spread goes down will more goods be sold or does everyone tighten up if people tighten up it's gonna be a different ball game right now the economy's still hot man it's not hot it's a good economy there's no doubt about that the real question's gonna be as the prices get pushed do people get nervous and say okay man I'm gonna stop pulling back and if that's the case then you're talking a different ball game let's go take a look at Amazon out here AMZN so we got Amazon trading right now down 32 bucks we have let's see so we're accelerating here 3 million 1.8 yeah you get some volume here we get some volume on Amazon 1823 we look at Google I think Uber is trading right is that trading out there is it gonna get that opened no not yet so Uber looks like it's gonna open between 45 50 and 46 that's where that's the indication right now stay right 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Sign up today Since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later Basil found that computer software which included standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman wave sequence. Using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a 2 week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing. Get your 2 week free trial to Basil's newsletter of the opening call today by visiting TFNN.com This segment is brought to you by Think or Swim. For more information just click the Think or Swim banner on the front page of TFNN.com Welcome back folks. Dow. Dow is down 276 Nasdaq's off 119 S&Ps are off 37 S&Ps are off 6 S&P Apple's getting some heavy selling pressure inside of folks which of course puts pressure inside the Dow industrials as well as the NDX100. If we go over to that Dow and take a look at the movers out here on the way down you're going to see Apple is peeking its head out as number one that's putting 45 negative points into the Dow. Boeing's putting 29. If we take a look at Boeing what you're going to see with Boeing this is how Boeing broke under this 361 down 445 out here today this is a decisive break too. So this is setting up Boeing wants to get down to 292 We started off at 446 bottom line. It was building cars broke it. Now the bottom of that consolidation is wide open which is that 292 and the bottom line is that you're not that far away from it when you're only 50 points away from it we were 50 points higher just four weeks ago inside Boeing so big numbers man but they still have some monster problems. They have trust problems that's what's going to happen out here. That's what already has happened with Boeing. The real question is that they're going to have to rename that plane I suspect somehow some way that that max is going to be renamed. I'm not quite sure if they're going to what they're going to do with the 787 but they're going to they're going to have to probably rename it and since everyone has a shot memory maybe that will fly Stay right there folks we have a fast market coming up next and we get our man Mr. Basil Chapman Steve Rhodes, Dave White. I'll be back this afternoon you have a great one a safe one Dow down 274 takeoff 119 S&P's off 36 have a great one folks have a safe one