 The following is a presentation of TFNN the morning market kickoff With your host Tommy O'Brien Morning everyone, this is Teddy Kekstead. I'm Philly in for Tommy O'Brien today and Today we have a lower outlook for the stock market We had a lower day yesterday right now everything with the futures is pointing towards a lower opening with the dial The S&P's and the Aztec both all three pointing lower Yesterday we had treasury yields that had definitely pushed into some higher territory as well as we have the energy sector Which is also causing a little bit of a spark in people's eyes right now wondering how high can oil go? So these are things that we're gonna look at as we get through the show today So those are the major things to look at there are some earnings that come out just before the opening as well as some after The opening nothing really too big so but these are things that we are starting out our day with and Now I'm going to take a look at the dollar index also We had a nice breakout there which is because of the way yields are moving and also because the way the energy sector is moving So we have very interesting things going in the markets to start this holiday week off Yesterday into today, but whenever you have a shortened week It's kind of we had how you have to compress five days of trading into four and we are definitely Doing that this week for sure with what's going on with the volatility So we have an interesting show some topics for you So we have the dollar index up like I said, we can see how that broke out I'm gonna pull up the euro US dollar to see what's going on with there right now And that market right now is pretty stable. So the dollar right now is Stabilizing after yesterday's strength Mostly due to the the euro and the pound and also because of the yield driven action that we have seen So we have some stocks that we can talk about today. We have Kevin Hinks coming up Hopefully I believe in about 10 minutes or so and hopefully he has some nice Little tips for you coming up as far as what to look for today So there's some stocks that I actually have been watching I'm going to pull up my little watch list real quick on my computer to show you what I've got. Let's see we have Let's see there we go. Okay All right, so one of the ones that I've been looking at is Nvidia That's something that I would take a look at as far as in the the tech sector And there's also something I also think you should take a look at right now because of the oil sector with the rally in oil Is transportation stocks? So for any of you tigers and tigers is out there that are in some of the real Companies out there not just the tech space in the the virtual space that's out there Obviously, those are the highest flyers and most talked about names But transportation stocks is something I would definitely start to lean on and keep your eye on as oil prices start to spike higher especially as we Breach this upper 80 area into the 90 era like 90 95 if we get up into that area over the next week or so I Think you really need to start to take a look at the transportation stocks. Remember we had Just a few months ago one of the largest trucking companies go belly up bankrupt one of the oldest companies also in the country and that was Something that I think people are taking a rather lightly and I don't think they're really taking it into account What's really going on in that sector and as the transportation costs go up? I think and also the cost of financing is going up That's being going to start to really squeeze those stocks I think that your profit margins especially in those core You know all those corporations is something that you're gonna really have to keep your eye on as we move forward Over the next few quarters. Are you gonna see it over the next couple months? Probably not There's always a lag when it comes to these types of things But I would definitely start to watch the transportation sector as we move forward through the the rest of the third quarter And definitely into the fourth quarter if you start to see Some issues in that sector, especially a drag Then I would really really start to pay attention to that because that's gonna have an impact on the overall S&P index So that's something that you really need to be pay aware pay attention to as in if that is correct The transportation starts to take a dive going into say like fourth quarter and into the first quarter of next year That's also going to start to really hit your your mid cap stocks as well And if that starts and once you start to see the the transportation sector and also if it starts to hits the mid caps especially in the Russell and indexes like that Overall, you're gonna probably see it influence a lot of your index funds and for many of you investors out there that you are either Trading stocks or investing in stocks. I'm sure you many of you have a portfolio that has Mutual funds and also index funds if you have index funds in your portfolios I think you really need to pay attention to what's going on in those sectors as we move forward into the next few quarters so That's one thing I wanted to leave you with a note on I figure right off the bat since this is an equity program to have some information for you there We have some other interesting topics that I'm gonna bring to light. I think that the sector Transportation's I know it's something that's kind of boring. You don't really talk about too much But hopefully it's something you take a little bit of an eye to As far as other things you need to take a look. I think you need to watch the Dow as well The Dow I know obviously over yesterday and today you have a little bit of a little negative tone Overall, I think that over the next Two to three weeks though I think that you really have to be kind of mindful of the the strength that's going on in the overall indexes We're heading into earning season right now And as we head into Ernie's signal That's also gonna probably give a lift to many of the stocks in the Dow and as well And it's in the S&P's so I think you're gonna have to keep a buy break forecast Even though yields right now are pushing their highs odds are is that yields are not gonna get that much higher Remember that yields are now pushing an area where they were just 12 or 10 months ago We've had a lot of interest rate hike since then so fair value as far as where yield should be on a pricing basis in the Cash and in the futures is right now and it's still at a discount compared to where it was just 10 months ago And that's something you need to be mindful of that even if we have the Fed raise for another one to two Maybe even three meetings Let's say we have a three-quarters of a point over the next you know six months by the Fed Which is possible since other central banks are definitely looking towards the hawkish end of the spectrum And if that is the case It's probably not gonna twist the Fed's arm, but you're most likely keep them in a still a hawkish manner, okay? So that's something I would be also very mindful as you move forward Especially if you're playing the long side in equity markets because this is still going to be a topic I know a lot of people think that the raise the raising is over the Fed has done They've done too much or what have you too quickly Made there's all kinds of opinions on that side of the fence But right now still there is no real reason to think that you're going to see a halt in the In the and the hiking and the hawkishness by the Fed especially with unemployment still and so unemployment really starts to Increase, you know, that's something that is I think you need to see happen If we see unemployment get it over four and a half to get to pushing five percent That's our target what they're looking for we're nowhere near that right now So that's something we still need to see what the one thing we do have That's going on is the other economic numbers that watch PPI and CPI as well Those numbers over the next three to four months I think are become very crucial as far as what the Fed will be doing and this is important for all you stock equity investors because obviously most equity investors have pretty much I think have it in their consensus that the Fed is it may not point It may not become dovish, but as far as being hawkish They're most likely going to pause 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 Technicles 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 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 Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge Every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign-up perceives market newsletter mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free 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 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 tygruses for just one dollar 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 Hello, everybody. This is teddy kek stuff filly in for tommy o brian And I believe we should have kevin hanks on the air with us now as well Are you there kevin? Good morning. Yes. I'm here. Thank you Great to have a chance to talk with you today. So kevin. Tell me what are your thoughts about today's trading? We have a shortened week. It's always kind of compressing. You have to deal with some crazy stuff in a four-day work week What are you looking at today? What do you what do you like? Yeah, I think what's dominating some of the early morning headlines is crudall prices and Well, we've been talking about over here That we knew crudall prices. We're going to start showing up in some data and in some companies and sure enough three airlines come out with announced You know united airlines alaska air and southwest all coming in with The fact their crudall price their energy their energy prices for jetpool have jumped 20 percent In july so you've got the airlines all lower to start the day you've got You know before indices lower to start Making a little bit of a snapback after a real week day yesterday. So, you know Charles robb has put out some data September is a very One of the more bearish months historically of the year hedge funds are increasing their short positions in the overall market Some I we expect Canada's The bank of canada to keep rates that's coming out at 10 o'clock eastern They'll keep rates unchanged. So things like that. It's very thin week for economic data It's a very thin week for earnings But the market will continue to move and headlines will still dominate. I think crudall Is fully but surely take over some of the discussions in the markets because let's face it Energy prices have to show up somewhere either in inflation or in earnings, you know It's good for the energy sector But pretty much bad for every other sector of the economy that that uses energy Well, you know what kevin? It's funny because I just before you came on the show I was talking about to the uh tigers and tigers is that they should watch the Transports over the next three to four months now. I'm an s and p guy Transports are definitely one of the parts sectors that you watch in the s and p's and with the spike in oil in a way That's trending. I agree with you 100 percent that These are the things that people need to be very mindful of because that could definitely put a big drag on the s and p's And and also the even the rustle and stuff as we move into the fourth quarter and towards the end of the year What do you think about that? Yeah, I I think you have to watch the different parts, you know, we're through Second quarter earning season the majority, right? We've got a couple big names to come up here to go But we're through the majority the lion's share of earning season So You know, this is the market all year that has basically defined what all the the prognosticator said, right? People thought it would be a bumpy first half of the year and then Queer sailing for the second half of the year. Well, that didn't turn out very well The first half of the year was we went gangbusters to the upside. So now what right? I think right how is close to being done with interest rates I don't think he wants to go higher But I think he'll wait for the data to tell him we get cpi on the 13th a fed meeting on the 19th and 20th where they'll Most people say it's a pretty much unanimous that they're going to pause and wait for more data But you know, what is on the horizon for this market? It's hard to say because I've been doing this a while and some things are on the calendar that could surprise you something I agree with you 100 percent, especially with the data that they're looking at, you know, like I mean you look at especially with the spike in oil and many of the I think that Honestly, as we move forward over the next four to six to 12 months that the cpi and indexes like are numbers like that Are you come very valuable as far as where we're moving with as far as the Fed and what they're going to do You know, they do have a mission that they lay down that they're still trying to Act on, you know, and if we have inflationary data that starts spiking again as we move forward into the rest of the year It's going to be really hard for them to just be on a pause, you know And especially with other central banks, like you mentioned the bank of canada probably is not going to pull the trigger But you have things especially in germany and the eu their economy is collapsing and the currency also You know, I mean, I know in the short run it's making new lows against the dollar and that doesn't mean very much because the trend is pretty extreme But if if they don't pull the trigger, you know, it's going to just exacerbate what's going on with them And I think that it's very unlikely that the boe, you know, and also the ecb are not going to Do some sort of hawkishness, you know in the future, especially in the next like at least two to three months You know, and I think that's going to push the feds arm too because they're going to want to keep that balance What do you think about that? Do you think that's going to strong arm them a little bit or no? Yeah, I think there's a problem that We're I don't you you can make any case for being done You can make case for one more maybe in november, but we're closer to being done europe They're not close to being done christian ligard has been very clear Their fight against inflation continues We're not over fighting inflation, but we're closer to being done. Jerome paul's got rates Where he thinks they're Restrictive enough one of his comments at the march meeting was only got rates restrictive But they haven't been here very long So i think Jerome paul thinks he's gone far enough with rates. I don't think christian ligard They're they were later than us fighting inflation and they haven't fought as hard as we have fighting inflation So yeah, that could be a big disruptor then you've got china, which is such a part of our Uh our economy they're tied whether we want them to be or not and china is throwing everything at the wall trying to stimulate their economy And frankly if the numbers continue to come in weak, so Europe is going to be an issue So yeah, all these things are going to add up and we affect march. So I think Yeah, I I totally agree with you and especially the china numbers too and you know I think that what you're seeing with china too is reflectionary I remember when we had the the great recession of 2008 You know china was like less than a year away from having some really harsh economic woes I mean when we slowed down and the rest of the world slowed down And I think it's starting to show in china that you know if we're not doing well in the united states And if the eu is not doing well China is not doing well They don't do well unless we're doing well when we slow down They slow down right, you know, it's kind of a direct reflection at least that's my point of view on that one Right, we'd love to say that we're by ourselves and we're the leader and you can make a case We are the leader but they're all connected whether we want them to be or not Right, right. Absolutely. I agree with you 100% so But uh, yeah, definitely. It's very great talking to you today Is there one last note on anything you want to talk about people should look out for any special stocks to watch any potential volatility big movers you're thinking The we're going to cover today on today's Well, name stop that has earnings coming out of develop today. It's it's not a great name But it's a name that certainly trades a lot and we'll cover both of those today Great, great. Sounds very good. Sounds very good. Thank you very much. Kevin really appreciate your time today Thanks for having me on have a great day All right, everybody that was kevin hanks definitely appreciate the knowledge that he brought to the table there very uh enlightening as far as uh his take on what's going on with the economy and uh, how this is going to move the uh The equity markets, especially today as we uh move through this uh shortened week So, um, I guess we still keep my going. We have the time sequence here Um for the chart when the commerce there it is. Okay 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 o'brien 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 o'brien's gold report newsletter now at tfnn.com 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 markets every monday using his 30 plus years of experience as a trading veteran of futures Forex stocks and options Teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar Dollar swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30 year t bonds as they both influence forex markets tremendously When you sign up for the tiger forex report you also gain instant access to teddy's 60 minute webinar archive He just hosted forex strategies and fundamentals. 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Watch online at tfnn.com or on tfnn's youtube channel And become the investor you were born to be tfnn 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 Everybody this is teddy kext that filling in for uh tommy o brian today. We've had an interesting first half hour a great interview with kevin hanks in the last segment and Typically tommy brings me in and a few would normally be in a few minutes For the forex little interview on wednesday So i'm going to get into that do a little forex freestyle Wednesday action for you as we get through the halfway part of the show with the stock market just opens So we'll digest its opening and then we'll get to that in a little bit All right, so us dollar canadian dollar kevin hanks brought up the fact that we have the bank of canada That may or may not be acting today I will see what happens with them and the expectations As he said is that they will be not doing absolutely nothing So i would expect as you can see the us dollar canada is kind of in a neutral trade dollar right now is A little mixed a little stronger. It's a little weaker. We'll get into that as we cover the other currency crosses So but right now you see the the canada did make a higher move high today It came into our hitter upside target level yesterday and right now We're bobbling right here around this level around 136 51 area I think that as yields especially today, they're pulling back a little bit slightly lower as they're lower and as certain As some of the other major currencies start to have a little bit of a profit taking bounce against the dollar And I would believe that the canada is probably going to be one of them also It's been obviously in an aggressive bear a bull trend still making a higher move highs and higher move lows with newer higher Move highs over the last two days Yeah, but right now I think you're getting into a very toppy area Is is the trend over i'm not even remotely going to go there on that one But I think in the short run we are hitting a buffer of resistance where Things are probably going to get very spiky as if it does make a higher move high I'd be very cautious buying into these highs right now And I would also be very cautious selling into them right now I would wait for a signal if we do see a big pull back in yields Then I think you could see a nice turn turn towards support for at least a profit taking break We had a nice key swing low that was made last week and now once again We've made a higher move high the trend is in place We could be setting up for some big sideways, especially after the meeting today Not a lot of expectations until after that meeting is over for this currency cross Now we have some other ones that are some moving and shaking. So we have the us dollar c h f The swissie look at that we had a nice breakout that happened yesterday and now we have some follow through now This is a mover The the dollar index was very strong yesterday in part mostly because of the euro slamming new lows and because of the bridge pound Those have the bigger weights in the dollar index. However, the swiss has been Although it's been an uptrend has been in a grind. I mean you can see by the chart like I'll tell you what if you were Even a bull I would be hard pressed to see how well you did being long unless you just sat on a position and fell asleep over the past like month and a half If you tried to short it you had opportunities that's for sure But not very long and not much opportunity at that, you know, we've been making higher move highs and higher move lows But on a very sideways basis until we broke out this week interestingly enough on a short week Monday it was closed we were wedging and then boom Tuesday and now wednesday We're heading up towards this upside correction zone. Um, this area. I think we'll buffer The strength over all the u.s. Dollar swiss Even if even if the dollar was to remain strong over the next three four six months As a whole this market is in a cell rally forecast that swiss is much stronger than the dollar This current rally that's been going on for the past month and a half should be viewed as a correction At least right now that on a long term and short term basis It has every indication of only being that so I think that when we do get into this area here of this upside correction zone That we're going to start to run into a big wall. I mean you can see how how hard it was I mean in august we had gotten up towards this 88 even area But for us to get across 88 75 to get three quarters of a buck higher It took us all all month to touch it fall back and then finally breach that area That that's that resistance is starting to really weigh on this market And that's because the overall trend is that way So I would definitely be careful For any bullish sentiment out there look for these rallies to sell into now I would be very careful buying into this move And once you have a valid sell signal I think you're going to have a good chance of getting a nice corrective move because at least that is a trend trade It would not be a counter trend trade because the overall trend once again is a bear All right, british pound u.s. Dollar. Let's take a look at this one We made new lows yesterday and once again, we made new lows again today The 125 94 directional pivot level that you can see Sustained trading below there keeps this market really bearish Obviously this is boosting the dollar strength right now Without yields necessarily driving the trade like they did yesterday And the day prior actually last week So but right now with all the economic woes there Unless the bank of vagland england starts to Would take some aggressive hawkish action. I think this trend is pretty much locked in place You're right now. It's short term. Obviously it is a bear Intermediate it's kind of a sideways trade Longer term you could say it was it's somewhat positive, but not really anymore I let once again unless the bank of England starts to get aggressively hawkish Do I think they're going to Do something over the next three to four months? Absolutely. I do. Do I think they're going to be aggressive? No, I don't. I think they're pretty much out of bullets and they don't have the ability to Put that kind of a stranglehold on their economy They were behind the curve Starting out as Kevin Hanks had pointed out earlier on the show Which I totally agree with and now they're in a situation where They're just throwing gasoline on the fire and I If that is the case, there's going to be most likely a reluctancy to Raise rates or be very hawkish, which would help support their currency So do I think that the the bridge pound is going to get real severely beaten down? No, absolutely not What I do believe that a bear trend is now in place And I would be very cautious, especially like should we get a balance? Should we get back above this directional pivot level at 125 94? Absolutely, can we get back to this 128 75 to pushing 129 above that area a dollar 29? Excuse me Yes, I think that's very very likely that we could see a spike there, especially if we were to have an indication of a longer term pause by the us fed Over the next couple of meetings if that consensus starts to really grow in that factor In that outlook then I think yes, you could see the the pound us dollar trade back up towards this area Do just because of those fundamental reasons? This I think would be the extreme though I even Unless we were to have some really long-term outlook where for instance We not only were in a we were in a pause, but there was some thought that there are us fed with cut rates Say the beginning of next year, which I don't think we're in that situation because the fed is not hitting It's all of its targets that it needs to or wants to For what it was why it was raising rates to so aggressively in the way they have over the last year So unless they change that I don't see that we're going to see anything like that So now it's time for a break I think or maybe not So maybe I'm off by a minute there So um, so anyhow, that's the british pound us dollar and I'm gonna go on now to the us dollar jpy So, um, there we go Sorry my watch is a dies a minute off You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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This is teddy kexta filling in for tom o bryan. Uh, we had left uh Covering a couple of currencies. I'm going to cover a couple more before I jump into some equities again So, uh, we're talking about oil earlier in the show Kevin hanks had mentioned it also about the new uh higher move highs that we have the breakout to the upside And as far as uh, everyone's looking at it like hey, the bull is back Well, one of the currencies that are influenced by oil is the us dollar yen trade interestingly enough Oil is slightly lower a little profit taking break to start the day off and the us dollar yen is doing the same Is there a direct reflection constantly in the market? No, but there is there is a little bit of that influence ironically We have the dollar is very strong in some of the major currencies and uh In this market the dollar is actually kind of weak. It's an interesting that you know Many people would say why is the us dollar yen of all currencies not riding the trend like the against the dollar Like the other currencies especially, you know with uh, you know yields only pulling back a little bit and oil pulling back a little bit Well, that tends to be the case a lot of times where uh, you know Even if the the overall trend is uh, dollar strength, uh in the us dollar yen on a daily basis There's a lot of diversions many times when you'll have the euro of the pound and other currencies Falling against the dollar and they are rallying against the dollar and the us dollar yen will be uh Actually doing the opposite And then conversely right now where the other currencies are falling to the dollar and you have the us dollar yen which is pulling back So, uh, interesting. It's actually fundamentally doing what is very normal today So a slightly lower trade after a higher move high breakout yesterday Are interesting enough. Uh, we had a head and shoulders kind of forming now We can kind of just move this shoulder and head not like that's something you do all the time But in this case it is getting a little bit toppy and especially with the potential for yields to have a nice pullback It wouldn't be out of line to have a correction in the us dollar yen And especially if we do get at least a short term Reprieve in the uh, the strength and oil, which why wouldn't we have that happen? Check the messages in the tiger chat. Okay, so I guess I missed there's um Uh, okay, let's see. We got some messages here. I'm pulling it up right now Sorry guys. I gotta get all the way down to the thing, okay pltr Okay, check out this one. Um, all right mara. Okay. So here we have a we have a request. All right So we're gonna jump away from this and go to pltr All right palenter technologies. So obviously you want to know, um, what do I think about this one? Uh, we'll see what we've got going on here. We have a nice little range trade situation slightly higher higher move highs here Um, we'll pull up a little Do a little fib here. Let's see what's going on. All right. Well interestingly enough you had the point three two Uh, we have a tiger tiger collar on the chat. Okay, so let me just finish this one real quick You had this higher move high that pierced the point three eight two So for you who was wondering about pltr, I would key off this high right here And also be mindful of this last low here if you're if you're looking for a trade here If you're gonna have a stop, this would be a very key risk area You wouldn't want to be long below here because the overall trend here Longer term is bearish short term. It is a bull making higher move highs So if we get a breakout, especially of the 1636 area, I think you would probably get a good chance to get Not just the 1691 but probably up towards the 1775 area This would be an area where I would look to take some profits on that one. Um, okay So we have a caller. I believe um, you guys connect me if and see if I can get the audio and hear the question Yeah, hello Hi, how you doing? Yeah, hi. Hi, um Can you it's a forex question. Can you look at the u.s. Dollar vis-a-vis the polis walti pl Something something has suddenly changed Like in the last hour or so, um, the the polis walti has just collapsed Okay, what's the uh, so the u.s.d. What is the other three letters possible? Um, possible, uh Conflict with biliruth, maybe or russia or something because something this walti just changed Okay, um, what's do you know what the other three letters are for this so I could pull up the chart? So it's us dollar I'm sorry. US dollar slash pln pln, okay Okay, so we have us dollar pln. Yeah, we have a very big bullish breakout here. Let me pull up this Let's see if we have anything On this note, there's nothing there um, let's see Nothing there. Okay. So as far as news, I don't know you definitely have a big breakout here For sure. Let me take a look at this on the monthly Um, yeah, that's it. Okay. Yeah, you yeah, okay So yeah, just in the past a couple of days you've had almost as much of a range as you had all last month Now you did have last month this would ended last week for august this right here Is a bullish and golfing line. So technically now, I don't know what's going on in the news I would have to look into some outlets to check on that. I haven't looked at Reuters or anything this morning So if if there is a news driven thing now that is very possible With the Ukrainian conflict and everything that's going on. I do know that On the because of the refugees that they've taken on and a bunch of other things It's putting a strain on their economy in a big way I don't know if they had any economic numbers that came out this morning. I can pull up uh, let's see There's Yeah, there's nothing on this here that would indicate that so okay. So as far as any anything like that I don't know technically we ended the month of august. This is a bullish and golfing line So just on that basis alone now. It's a big pop in two day in just five days of trading here That made me you want to call you okay, because you're your current specialist on tf&m Uh, I'm trying to figure out what is this a precursor to war Well, that is what I was just going to get at is that with the strain on their economy if it is a precursor to What could happen meaning that our troops would end up going to poland Um, that would mean that you're probably going to see that you could probably see this all the way back at its Highs within the next couple of weeks literally if that's the case Okay Yeah, so that's something I would be very mindful of it You could this is the kind of situation that would have the currency move that quickly for sure I mean the war cost pocket change would collapse Huh, uh, it would it would definitely put them under severe strain because the the last thing that poland really needs Is to be involved with the war with russia I mean, we're going back to you're talking about something that would be bringing us back to 30 40 years ago You know, um and this is that the piece is important there monthly an upside target Uh an upside target absolutely so short run I think that easily you could get up to this the 50 percent mark There's no reason why on a move like this. You already point past the 0.236 in just five days So for the market to get up to this 435 area $4.35 very reasonable, but I think the 449 50 percent mark very very Very easily could get hit Uh, I mean if if it wasn't for an interview is driven I would say it would take another couple of months most likely to get there But with a move like this in five days if it really is something that we're going to head towards You're probably going to see that in the next like three to four or five weeks Okay, okay, and if it takes out that 50 percent we go back to um, October's high I I think you can come close to it for sure I'll be watching it 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 o'brien 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 o'brien'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? 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That's tfnn.com and hit watch tiger tv This is teddy kekstop filling in for tommy o bryan We still have a couple minutes left in the show It's been a great topic today and we just had a fantastic question by a caller about the us dollar and versus the polish The us dollar poll at pln Trade with what's going on rule of love herring having questions like that interactions like that as well So we do have one someone in the chat who asked about e-poll and I need to go cover this real quick Obviously this market slamming the lows you came off a key high here overall. It's a bear I think if you're looking for a buying area, it's so going to be probably around this 17 14 down to about the $16 area for the ice shares here If you're looking for a buy if you're bullish and you think that this market the ice shares is going to take a turn Overall right now. I'd be very cautious with that because it isn't a bear trend. So you'll be taking a counter trend trade Right now. I would say probably if anything you should look if you're already long You had to take profits and then look to buy back in if that's the kind of thing you're looking at So anyhow, uh, some things we covered today were uh, fantastic topics Um, we in the last example I gave uh, there was a Japanese candlestick pattern That uh gave me a reason for why it should be bullish in the short run If you're interested in learning how you can use, uh, Japanese candlestick patterns in stock and option trades We did in a webinar recently you can find that on the TFNN website and we have another Webinar coming out as well Check out TFNN.com if you like the things that I cover today And want to learn more about uh, these things that I use in my trading is when how to apply them for equities and options Check it out. Um, and uh, definitely I want to thank uh, TFNN for having me on helping Tommy out today I'll be on next Monday September 11th irony That's a day in the stock and equity markets let alone American history that none of us can forget I was on the trading floor at the uh, cme when that when the when the planes hit I'll be bringing up some stories about, um, you know that event besides covering the markets on that day. So Uh, definitely, hopefully, uh, you'll have some interesting questions too from my callers out in there from your tigers and Tyress's so, um, I want to thank you once again. You guys have a wonderful trading day. All right. Take care