 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good Friday morning everybody. I'm Tommy O'Brien, company of live firm TFNN. Just after 9 a.m. Eastern time, we got about 24 minutes to go until the start of trading. We got option expiration coming at you and we got markets trading lower yet again. We got the S&P's off almost 25 points trading at 43.60, China in the news yet again weighing on markets. We talked about some of these trend lines of where we were. S&P makes it to the low of that trend we were looking at yesterday. You could say it made an acceleration below that trend line, right? Where does that trend line fall? You might have just slammed through that trend line yesterday. Depending on where you lined that up, maybe that was even a retest in terms of the bounce you got overnight. But nonetheless, we are lower by 25 points. NASDAQ 100, you're off by 125 points, similar action right out of these trend lines and that was quite a trend itself. But we are making new lows in pretty dramatic fashion. You get the Dow right now, 144 points to the Russell, off by 9 trading at 1846. Boy, we got some action in yields. We got some action in commodities. Crude, we're trading at 79.11, testing the lows we had of Wednesday evening in that crude market at under $80. Let's jump over to the Dollar Index first. You get the Dollar Index, excuse me, we push a recent high like we were talking about yesterday. What do we have? Look at the reversal of yields. I was going to talk about the reprieve we were getting, but boy, just since I was looking at the charts at 8 o'clock this morning, I'm looking at the charts, I'm saying, I wonder if we're going to get 110 by the time on the air at 9 o'clock in the morning. We had just come from basically 109 yesterday, so I'm saying, man, we're going to get a 110. Nope, just like that in the last hour, you drop off, we're talking about a 10-year yield, still sitting at about 4.26, 4.264 to be exact. About 4.25%, the yield on the 10-year right now, that's driving a lot of the action. As I mentioned, the Dollar Index right now, basically where we were as a close yesterday, 103.50, but strengthened the dollar continuing, and then you jump to, that was the 10-year, excuse me, you jump to the 30-year, one more time. Look at the 30-year, man, we were just at 119, 1926, and boom, just like that, we're back to 119, so we got some volatility and bonds, man. We are one week out from Jackson Hole, Jackson Hole, a week from today, Friday, August 25th, pretty remarkable. You come into basically summer trading after that. We're in summer trading as in, that's the end of the summer, that's real summer trading, when you're talking about coming into Labor Day weekend. Is that right? Yeah, I'm pretty sure Labor Day is the fourth. Yes it is, Monday, September 4th is Labor Day, so markets will be closed for that, and what are we? Yeah, we're two weeks out from that, and folks, if you know anywhere in the Northeast, right, final two weeks of the summer, I mean, Florida, we were already in our second week of school, but in most situations, you're coming into Labor Day final two week, especially the final week of August, et cetera. Nonetheless, we'll see if we get some quiet markets. We're going to be out from a Fed meeting, but we do get Jackson Hole August 25th, and maybe that's kind of the last bout before we get some light volatility, and don't mistake the fact that, excuse me, some light volume. We get some light markets in terms of volume, participants, final two weeks of August, people taking a couple vacations, maybe to Cape Cod, maybe to the Hamptons. This weekend's the Falmouth Road Race, man, many, many good childhood memories, and even adult memories in Cape Cod. I was at the Falmouth Road Race four years ago, folks, ran the Road Race four years ago. That was an awesome time. Never thought I'd do that, and very thankful I did, because you never know what's going to happen. Take advantage of those opportunities, because what happens? I run it in August of 2019, and there was no Road Race the next year, because of COVID. So keep that stuff in mind, man. You get opportunities, get it done, and then, of course, I have a son, becomes a little bit difficult as well, but we're going to get back up there. Maybe next summer, escape some of the seat. And look at this. As we're talking, you get the third year, back to about 119 right now, and we jump over to the 10-year right now. We're trading at 109.18, but we were just pushing almost 110. All right, what do we got going on? Let's kick things off with the Wall Street Journal headline, Investors for your China's Lehman Moment is Looming. Lots of headlines out there on China, man. You jump over to Bloomberg. Story out here, China steps up the efforts to stabilize markets. It looks like they're a little bit worried, man. Confidence slumps. The funds asked not to sell stocks. Banks are supposed to prop up the wand. The hang sang only down 8% this year. I was reading this this morning, and I said, man, that is not fear. That is not a Lehman Moment. The hang sang down just 8% this year. It's August 18th, folks. That is not a Lehman Moment in terms of being priced into that market and how it could reverberate. But yeah, China, they're trying to do everything they can, and they won't be able to stem it if things really get out of whack, as we always see. So you jump from there, and then the Journal. The big trust companies, they're missing payments, right? You have the big developer going BK recently. I'm sure that's in this article. I think that was last night. And that was more of an when moment, not an if, in terms of that developer going BK. I'm sure they mentioned it somewhere in this article as well. But nonetheless, so we got China trading lower. You jump over to Asia right now. You have the hang sang down 2% right now. Shanghai down a full percent right now. Nikkei down about half a percent over in Europe right now. We got the DAX down about 1.2%. FTSE off 1.2%, Kakarol off 1.2%. So our market's not quite down 1.2% yet. We're only down 25 points. We'll see where we go, but breaking those lows. Now, you put that on a daily, just going back a year. That was the channel line I was looking at. We've actually broken below that. We're trading at 43.60 right now. That is basically the beginning of the gap. It begins at 43.48, and that's the gap from June 12th when you gaped above what is now the 3.82. So we're talking about 43.20, which correlates to 43.25 is the fill of that gap going back to June 9th. Let's see if there's anything even back a little bit further than that. We're going to run into some resistance right now. While we get the highs of August of last year, check it out to the tee. That high 43.27, OK? 43.27, and then we got 43.20 on the 3.82, and we got 43.25 as a fill of the gap. So 43.20 to 43.30, something like that. You're talking about 20 to 30 points from where we're at right now. We got options, expiration going on today as well. We'll talk about that a little later in the program as we go forward. Yeah, and let's look at that China article. Why not? And this is what I was talking about, Evergrande. They filed for bankruptcy protection. Chapter 15, I guess, is, yes, Chapter 15, bankruptcy protection, Manhattan Bankruptcy Court. Some of the numbers. I saw a tweet out last night, man, saying, they lost like 80 billion. Yeah, here it is. In July, Evergrande posted a combined loss of $81 billion over the past two years after struggling to finish projects and repay suppliers and lenders. Net loss for 2001, 2022, $66.3 billion and $14.76 billion, respectively, that's over $81 billion. So that was not a shocker, but nonetheless. You lose $81 billion over two years. You got some problems, and China's got some problems right now, man. And the market's paying attention to that. Our yields are a whole different story that we have going higher. You know, I woke up this morning and I said, OK, that was it, right? We hit some recent highs in terms of yields recently. We hit $109.03. You're within a few pennies of where we were trading at in October of last year. Maybe we get a bounce, but boy, that bounce is pulling back. Stay tuned, folks. We'll be right back. Lots to talk about on Friday, Oxford Options Exploration. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com, TFNN Educating Investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pesavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on Market Movement that you need to act on at any time. 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At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN Educating Investors. TFNN has launched the Tiger's End. 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 End, available to all tigers and tygruses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Welcome back, folks. We've got the S&P off about 24 points right now, trading at 43.60. Put that back to a five-minute chart just off the lows we had at about 8.45 a.m. this morning. As I mentioned, options expiration Friday, so we could see some fireworks with about 2.2 trillion dollars, I believe, is the number. I'm gonna find the article I was reading this morning on Bloomberg. I think it's something like 2.2 trillion dollars of options are expiring, but we'll get into that a little bit later in the program because the one thing that's remarkable, folks, nowadays is that when you talk about the value that you are controlling in equities with options, it is magnified by like a hundred times and sometimes even more than that in terms of, you know, if you're buying an option for a dollar, okay, and this is a tease, as we're gonna get into this later, we'll really do some of the math, but if you buy an option for a dollar that controls a hundred shares of an equity and that equity is trading at multiples of a dollar, already you're magnified that by almost a hundred times if you're trading at a hundred versus one. And I know that's quick math that doesn't do justice to the numbers and we'll talk about that later in the program. I do wanna talk about story little near and dear to me, Deerfield Academy. So I was very fortunate, folks, growing up. My dad believes in education like nothing and I believe in it as well. And I was very fortunate to go to an amazing school, Noble and Greeno, in Dettem, Massachusetts. And boy, if you are looking for an outstanding school, folks, it's private school, very expensive. They do offer tuition assistance. Some of the money that these schools have, man competes with some of the best schools in terms of colleges out there. I found this story interesting up on Bloomberg this morning. Deerfield Academy is raising $89 million to build a dining hall. Remarkable, man. They're basically small colleges, folks, but I can tell you myself, I was so fortunate, went to Nobles from middle school and high school. So six years, I'll bring up Nobles in a second as well. The years that I felt myself that you were able to transform yourself, learn, become an adult, educate yourself, become from a child to an adult human being. When I got to Villanova University, again, so fortunate to go there, I learned a tremendous amount more, I believe, in my middle school and especially high school years than in college, which was more about a life experience scenario and growing up to really becoming a self-sufficient adult to that degree. An awesome time, period, right? Very fortunate to be able to spend four years at an institution like that, made some amazing friends, joined a great fraternity, Alpha Tau Omega. But, so $89 million, just go on over some of these numbers, okay? They have an endowment, $791 million. As of June 30th, 2022, that would put it among the top 100 richest US colleges if measured against institutions of higher education. And listen, folks, it's not gloating. I know I'm so fortunate, okay? In these schools, they're so expensive and of course, the richest people, powerful people out there, they try and get their kids in there. There's a lot of tuition assistance that comes from these types of endowments as well where they provide a vast amount of tuition because the tuition of these schools, folks, runs $60,000, something like that a year. These days, wasn't quite that level when I was going there from 1992, 93 to 1998, but still remarkable. We played Deerfield in some of our sporting events. Here's the other thing I'll say as we tangent a bit, okay? One of the most amazing things of going to Nobel and Grinow Nobles in Denim, Massachusetts, they require you to participate in three different team sports events, theater. You can join clubs, right? Every season, you have to do an activity. And then when you're in middle school, that's three sports. I thought that was so crucial, Megan. You don't need to go to one of these schools to get your kids involved in activities. When you're young, most of the time, that's doing some type of whether it's playing soccer. They have all the kids playing every sport, right? So you don't have to be a stud. What it teaches you is hanging out with the children, right? Forming those relationships when all the kids in the classes are playing sports together, it builds a relationship that you don't have just by sitting in a classroom and you can build those as well. When you get later into high school, those activities include clubs, like drama, et cetera. You don't have to play a sport, but you have to do something. You have to do an activity beyond just going to school. That was one of the most crucial things that I thought was amazing, that you had to play a sport or do an activity every single season, because otherwise, what do kids do, right? They get home from school at 2.33 o'clock. Maybe they eat some snacks. Maybe they watch some TV. Hopefully they go outside and play with their friends. Nonetheless, that is one of the most amazing parts is how they get you involved in all these activities. Tuition is bonkers, man. Now, this is just going back from 2019, and this is talking about boarding, okay? Now, at Nobles, they have five-day boarding out there, and Nobles, I mean, I pulled it up. I checked it. Now, this is, it's at a glance, man. You know, I'm just promo in this amazing school, because I think it was one of the most, you know, formative years of my life, changed my life in dramatic fashion. This is the middle school that I went to. This is John Gifford. He's the head of the middle school right now. He was a teacher when I was there, which is pretty cool, and man, the head of the middle school when I was back there, a man by the name of Tim Carey. He was at Nobles forever. He was an awesome, awesome guy, very fortunate. And looking at some of these, okay, to talk about the dining hall, why not, we'll promo in my school, because please check it out, folks, and if you think you can't afford it, okay? Listen, they have all types of income, tuition assistance at these schools. That's what these endowments do. Now, here's the kicker. Look at this beautiful castle we have at Nobles, okay? This is at a glance. Now, you talked about the dining hall. This dining hall was not around when I was there, but this is the dining hall at Nobles now. So when you talk about, when they say $89 million, I mean, these are structures, folks, that have been around forever in terms of our dining hall is this castle function here in Nobles over the fields. Pretty remarkable experience, to say the least. Now, the numbers, I think I had it, right? Was this the one? Yeah, so 630 total students at Nobles, 518 in the upper school, about 110 in the middle school. So seventh and eighth grade, you're looking at about 50 to 60 kids per class. In the upper school, you're looking at about 110 to 120, so they expand the class by basically doubling it. And yeah, day tuition, pretty remarkable, $60,000, five-day boarding, 66, paying that type of tuition, okay? I enjoy it, you know, you put your kid through high school and middle school, and middle school is a small break of that. Yeah, what are you talking about, man? You're talking about 360, 400 grand. So I get the scenario, folks, that that is cash, okay, that you could buy your 12, 13-year-old a $400,000 house practically, okay, to the same degree, and there's a lot of merit to that conversation as well. So I'm not telling you to go out there and spend that money. I know it is an absurd amount of money. It was not at this level. When I was back there, it was still obviously a lofty level, but as colleges have risen, these have risen in lockstep, man, and it is the best investment you can make, for sure. But when you start talking about $400,000 for high school men, there's opportunity costs that go along with that. So I get that to a certain degree, but boy, it was a very informative, and I really felt, which a lot of people don't realize, I think, is that those years are so much more informative, and they shape you more than college when people are used to spending so much money for college these days. And I say I went to Villanova, and that was great, but boy, Nobles was the one that really changed me in a pretty dramatic fashion. And yeah, so they talk about this one, Phillips Exeter, right? They even mentioned, I didn't even make it to the bottom of this one. They got Lawrenceville School in New Jersey, 76. Yeah, I guess what they, they're talking about boarding schools in here, but boy, it was amazing. We had a great hockey team. A lot of amazing times out there. So opportunity, if you're looking for an outstanding school in the Winkland area, folks, I'm biased. I know I am. Noble and Grino, data mask. All right, we're coming back. We're talking markets. We got the S&P off by 27, and thanks so much to my dad for sending me that, man, and my mom, because that was awesome. You talked about a sacrifice, for sure. Stay tuned, folks, we're coming back to the market. 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 Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks, and options. 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Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. We've got markets open and you're pushing the pre-market session lows with the S&P off 31 points right now. We jump back to that chart. Trading at 43.52, we did just spike that low on the open at 43.50 and the S&P is off by 7.10% I mentioned Europe right now about 1.2% China, a little worse than that even depending where you are at Nasdaq 100 off about 9.10% we get the Dow off 4.10% and the Russell off 9.10% as well. So a quick example jumping around. Let's jump around to yields real quick before I'll see how we're opening up. Yeah, 10 year pulls back a bit 109.18 right now we jump over to the dollar index we get the dollar index backing off from those highs of 103.68 we're at 103.51 right now. So I mentioned talking about in terms of the dollar value of the options that are expiring. I think I saw somewhere out there just trying to find the article on Bloomberg and maybe I'm gonna try again at the next break. I had it up this morning I was reading it early talking about the value of options that are expiring today and the wall of options that are expiring. And in my head I was just thinking man this is so exaggerated sometimes when they talk about the value of the options expiring versus the underlying value of what those options represent. Now some of them can be very correlated as in if you have a deep in the money option right then the market value of that option versus the underlying equities that you're controlling are pretty closely aligned because you're so deep in the money. But a quick example to give you and I've talked about these short-term options before they call them zero days to expiration or zero DTE options okay. But just to illustrate sometimes what you can control for an equity versus what you're actually putting up for a cost of an option. Here's a quick example okay. We're gonna walk through this it's gonna take a couple minutes but pay attention man because it teaches you a thing or two about the zero days to expiration options as well. And who was it that came out yesterday I think it was Goldman saying that the zero DTEs are part of the reason the market's pulling back. Guess what folks they're just a new element. If they were part of the reason it's pulling back then they were part of the reason that it was going up okay. And nobody was out there crying at that point they are a part of the market at this point. That's like saying that short sellers are a reason the market's going down. Of course there are buyers, sellers in the market. Leverage is what should be talked about and should be understood okay. So here's the spy S&P 500 ETF. Trading right now at 434 pretty much on the dot we'll call it okay. You jump over to the trade tab and I think there's some platform we're in the spy we take a look at the options expiring today. They call it zero DTEs because those are till days until the last trading day and there's your zero okay. So we get zero days to expiration. They expire at the close today. And if you jump over and look at this market it's bouncing a bit. So now we're almost at 434.50 okay. But let's just look at the 434 call. We're about 40 cents in the money but it costs us a dollar. Let's just we're ballparking numbers here all right. We're looking at, sorry that's a put excuse me. Perfect 434 call is on the left side here. Here's your bid ask 434. It's at about a buck 50 okay. Now we have about 50 cents of intrinsic value and then we have about a dollar in premium and on the zero days to expiration options folks you can tell real quickly what you're paying in premium by looking at the theta which is how much you're gonna get a decay of premium and the reason why it's so correlated is because if this option stays where it is for the day you will lose a buck 10 because that's all premium and it expires at the end of the day all right. But here's the last kicker. Options trade in hundred share blocks lots okay. So if you're buying something for a dollar and you buy one option contract you're paying about $140 right now right. You're paying about $140. And your delta here is 52 cents. So basically you're getting 50% of the movement of the underlying index right now. So if the S&P goes up 50 cents the price of this option is probably gonna go up 25 cents right so you have a delta of about 50 I'm ballparking all these numbers okay. So last part of this conversation is how much do you put up for one options contract? You put up $141 which is a hundred shares of this option which cost a dollar 40 you multiply a dollar 40 times a hundred you're at $140. You've put up $140 that's all you've put up one option contract. You now own the right to buy 100 shares of the SPY ETF at 434. Well what does that control? Well that controls 434 times a hundred right which is $43,400 of control in terms of the underlying equity. So put that in context folks what did you just do? You just put up $140 to control equities that are worth $43,400. Now what is percentage wise? That's 310 times on your money okay. But you gotta do it percentage wise which you add a couple zeros to make it a percentage that would make it 31,000% in terms of you're controlling $43,400 for $140 investment okay. So when they say that there's $2.2 trillion of options expiring today I'm gonna pull this over now okay. That's what $2.2 trillion looks like right. There's your million, there's your billion, there's your trillion okay. And you're gonna divide that by 310 to show you that that's just $7 billion if you're doing the same type of multiple that could be out there today. Still a big number okay. Now here's the kicker of these zero data expiration options though to back it up for one more thing. You put up $140 to control a call option that has a 434 strike price. So you have 100 shares of this equity which is trading at $434. So if you wanted to buy 100 shares of the spy you would have to put up $43,400 right. No you only gotta put up $140 and then you'd say well hold on though that's just an option right. You're not really getting the full movement of the underlying no you're not you're correct. You're getting what? You're getting 50% of the movement, 54%, 55 now to be exact right. Your delta is 54, 55. So that means the underlying can move and this option will move about half of the value. Well then what do you do? So then what you do is you say okay so I'm controlling $43,400 worth of equities by entering this option but I'm only getting 50% of the action. So what are you really controlling versus the equities? Well you're still controlling what? $21,500, $21,700 to be exact. $21,700 of equities is the exposure you're getting in the spy by putting up $140 right. Yeah so when you hear sometimes the value of the options that are expiring I said $2.2 trillion right and then my head started to go I said wait a second man. They're talking about the value of the underlying equities that they are controlling and when you look at the value of the options and folks this is an extreme example of a zero days to expiration option that is almost at the money or near the money. And like I mentioned there's a lot of options contracts for instance where you have most of the value built into that option that you control but still it's a multiple of a multiple and those numbers skew pretty dramatically but that's a quick lesson man when you talk about why people love these you can see it okay. You get in there, you're controlling 100 shares of an equity trading at $435 and what do you put up for that cost? You put up 150 bucks pretty remarkable. All right folks we got markets in negative territory we bounce a bit on the open. Stay tuned we'll go over some of the individual equities that are moving on this Friday. Stay tuned folks we'll be right back. You might think that if you want to be successful at trading in the stock market you're going to need a crystal ball. After all it's impossible to predict the future right? Like any endeavor in life before you decide it's impossible get some advice from the experts. 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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 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. Folks, we have the S&Ps off about 22 points right now. We jump around to some of the commodities. We jump over to crude right now. Whoops, back above 80 bucks, right? Check out that movement from nine o'clock in the morning. We were trading at 79 and change just like that, crude up about a buck 40. You jump over to the dollar index, not surprising. We get quite the pullback in that same timeframe, right? 830, we're at 103.68. You dive to about 103.47. So you have a little bit of weakness in the dollar just in the last hour or so. That's putting a bid under the crude contract. You jump over to gold, slight bid, but nothing like we had in crude, right? Gold trading at 19.21. You're up by $6 right now. We keep our eye on yields. The 10 year right now back to 109.18. Basically pulling back to where we were at the start of yesterday. You dive down to 109.03. We move almost a full point up to almost a 110 handle. And just like that, we're back to yesterday morning in terms of the 10 year with a yield of about four point, I think we're at 4.26. Let's see where we are as we jump around because we've got some movement. That's where we were in the beginning of the year. Yeah, 4.26% the yield on the 10 year. That's a pretty attractive risk-free rate of return over the next 10 years, man. It's gonna be some competition for the market going forward, to say the least. All right, let's see how Darden's doing. So we have the headline out there. Interesting, you know, I pulled this headline up, saw it as I was starting off the program. I said, Darden's really not moving. Why are they talking about their moving? All-back Steakhouse owner stock rises after activist starboard value by Steak. They own 9.9%, just shy of that 10% number. But there's no real movement on Darden right now. No real movement at all. You check it out, right? We're trading at 158.58 right now for Darden restaurants, down about 20 cents on the session. We've pulled back recently. You check out the daily, off the highs about 173. I talked about Olive Garden recently earlier in the week. If you didn't catch the program folks, Olive Garden in Lakeland, Florida, man, they got no soda, they got no carbonation, they got no Pinot Grigio. They get some issues over there, that's in my piece. Okay, what else we got going on folks? Well, we got an awesome webinar coming up next Wednesday. We got our man Basil Chapman of the Tiger Technicians Hour, the opening call. He's up live next at 10 o'clock of course. He has put together a webinar for his subscribers to the opening call. So here's the deal. This is free for opening call subscribers. If you're already a subscriber, you got nothing to do. You will gain access to this webinar, a 90 minute webinar live with Basil this Wednesday, four till 5.30 p.m. The power of the 9.14 moving average and under other indicators in the Chapman Wave methodology. Basil's had some great calls folks. Peg the top in the Dow. He's gonna be talking about what he's been following, what gave him some of those indicators that he uses like the moving average, like the Chapman Wave, what he used to peg that top. He wants to talk about that trade because it went so well. I encourage you to check it out. All you gotta do is sign up for the opening call and the best part is if you're a new subscriber, you get a 30 day money back guarantee and please take advantage of it, all right? That's the best part. People sometimes they'll cancel saying, I'm sorry, you know, I didn't say don't apologize. Thank you for signing up and giving it a chance. So give Basil a chance, man. Sign it up. You gain access to the opening call right away. Basil always sends out updates over the weekend to his subscribers as well. I know he's out there in the Tiger's Den right now but yeah, he usually sends out videos, Saturday video folks for the opening call. You get it all, you get the 90 minute webinar. If you haven't checked it out, great time to sign up for the opening call. He'll be up next. Yeah, as he'll be in there, the power of the 914 moving average. Yeah, I will be in there as well this Wednesday. Can you believe August 23rd is this Wednesday? But don't delay, sign up now. That way you gain access to the newsletter. You check out his weekend video. You gain access to the opening call every morning and then you're in there Wednesday night as well. All right, let's check out some of the Fang stocks. See how we're kicking off the trading session. Amazon, give him back all those gains from the earnings, man. You're back to 132. You're off 1.2% right now. You jump over to the big dog, Apple. It's not stopping for Apple, man. Off another 910th percent. When are they gonna buy Disney? No, I kid, Disney. Off another 210th percent right now. We jump over to NVIDIA shares. NVIDIA off 2.3%. Now, NVIDIA, there you go. They're out with their numbers August 23rds. You know what's gonna be happening, man? I think they're out after the bell. How cool is that? So Basil's webinar, you're gonna get some NVIDIA earnings Wednesday after the bell, August 23rd, I believe. NVIDIA, that should be, I mean, can they live up to the hype, man? You're still $120. You're still 40% above where you were trading at on their last earnings, let alone starting the year at 150. You talk about optimism priced into this market. You jump over to Microsoft. Look at these stocks, man. You get the Nasdaq 100 right now off about 810th percent. Jump over to Tesla. Boy, the Magnificent Seven, man. That might be the end of the Magnificent Seven. Tesla just traded from 300 to 215, right? You got Apple with 16 billion shares that's off $26. What are we talking about? 26, that's about $400 billion. That's more, that's $420 billion. Why not? We'll call it 420. That Apple has shaved off their market cap. I mean, these are big moves, man. Yeah, you're at 2.7 billion. You were at about, excuse me, 2.7 trillion. You were approaching 3.1 trillion on Apple shares. Remarkable numbers when you think about that. That's why people talk about maybe they could buy Disney. They just lost 400 billion in market cap. And meanwhile, Disney right now is trading with a market cap of 157. Can't find a bit. Yeah, maybe they'll just take over ESPN as we talked about yesterday. Dan Ives over at Wedbush talking about. They've talked about that for a while though, folks. All right, let's talk a little bit of Hurricane. Watch out for Hillary. Can be more things than one, but this time it's a hurricane. Intensifies as storm charts path to California. And boy, yeah, these headlines catch my eye, folks, because we got some hot weather all across the country. I'll cross the globe right now. And water temperatures, okay? I'm gonna see if I can find some articles during this next break coming up. The water temperatures going on right now are five to seven degrees hotter some areas in Florida. That is worrisome as we come into hurricane season. It's just starting. This one's out in California. Hopefully it doesn't do anything too alarming out there, but nonetheless you get Hurricane Hillary as we're gonna start seeing those headlines, unfortunately. And we'll see where we go from there, but yes. Boy, we got some hot, hot waters to say the least. And we work. I would stay away from this one, man. They plant a one for 40 reverse stock split to save the listing on the New York Stock Exchange. Shares fell as much as 24% to 12 cents in pre-market trading. What is their symbol? Let's see, can I link us to them or the NYSE? No, that looks us the NYSE. Where's we work? Why isn't it linked? Is it delisted? Maybe somebody knows. Does somebody know what that, let's see if it comes up here. Up there it is, 12 pennies. All right, we're going 41, 44 one reverse split. Boy, this equity, man. Folks, remember this chart. Don't catch a falling knife. My goodness. And look at all the little bounces you got, right? From 450 to six bucks. That's a 33% pop right there that week, okay? Before you traded from six down to two. Then what did you do? 188 up to 271. What is that? That's a 50% acceleration if you caught that move right. Well, if you caught it wrong, then you traded from 270 down to a buck 06. Then what'd you do? You go from a buck 02 to 235, 235% return to peg the beginning of the year. And then what happened? Well, then you went from 235 down to 12 cents. Remember that one, folks. Yeah, that business, stay away. All right, folks, one more segment. Stay tuned. We're coming back. It's Friday, options expiration. Don't go away. I'll be right back and don't forget about our man Basil. Go check out the front page of TFNN. He's coming up next. You can sign up for the opening call. You'll be subscribed by the time he's on the air at 10 o'clock. We'll be right back for one more segment, folks. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. So it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know, and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know, and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. We've got markets bouncing a bit off the lows. We made it to 43.50. We're 17 points off those lows right now at 43.67. The one thing I'll keep my eye on, folks, is kind of that channel line that's somewhat, now this bottom trend line in the channel, okay? You can draw this onto your chart. We're just taking the highs we had, basically rolling over. How about it, right? We talked about it yesterday about midnight on August 1st. You roll into that. We've hit lower lows and lower highs since that area, getting a little bit outside of there. But you can line up that bottom line wherever you want. The thing I'm gonna say is, maybe we come back, we test that line. That's where I'm looking for it. As maybe you come back, you test that line up there. Okay, and jump it back to some of the articles. So here's the one I was talking about in terms of, boy, if you are anywhere that you're in the path of hurricanes, be safe this season, okay? Because some of the water temps that are out there, this article talks about some of it. And the one thing I just wanted to get here in terms of where they're talking about, surface, excuse me, surface temps around the keys have been averaging about 91 degrees, well above the normal mid-July average of 85. That is insanity to have a six degree difference. And I tell you folks, man, I went to the beach last Tuesday. Last Tuesday, day before school was back in session for the afternoon, unbearable. The water, I felt like I was jumping in a jacuzzi, no lie. Felt like I was jumping in a jacuzzi, did not cool you at all. We stayed for a bit. Tommy's cheeks were bright red like a lollipop. We had to get out of there and cool off in the AC in the car. It was fun, but the water temps, I had never, excuse me, felt water like that. And we were in a very shallow area. So that water especially, right? But you don't have to go far. Now these articles were all coming basically at the end of July. That's before we've had heat in August, right? With Florida ocean temps topping 100. So hopefully the coral can withstand it, man. And we finish up with the last two articles as we come in, Bank of America warns of a 5% world sinks in with yields pushing higher. Folks, it's not gonna be surprising. If the yields of past days are behind us, that's the 10 year we are breaking to higher yields. And the last part, economists, lift U.S. growth forecast sees the Fed higher for longer. There's a little bit of a repricing going on on these yields, man. So keep your eye on those yields and stay tuned. Basil Chapman coming up next, folks, with the Tiger Technicians Hour. Don't forget about his opening call, subscriber webinar. Have a great weekend. Have a safe weekend. I look forward to seeing you back here on Monday, folks. Stay tuned for Basil coming up now. Have a great one.