Hello everyone. Welcome to the session of application of multiple integrals, part 5. This is Swati Nikam, assistant professor, department of humanities and sciences, Vaalchand Institute of Technology, Sulapur. At the end of this session, student will be able to find mass of lamina by using double integration. Before we proceed, students please pause your video and answer this question. Write the formula for finding mass of lamina in Cartesian coordinate system, which we have already studied in earlier video. So I hope you have written your answer. Now, mass of lamina in Cartesian coordinate system is if the surface density rho of plane varies from point to point of the lamina and if it can be expressed as a function of coordinates of a point, then the mass of elementary area dA is rho into dA. If rho is equal to f of xy and since dA is equal to dx into dy, so formula for mass of lamina in Cartesian coordinate system is given as m is equal to double integration over f of xy into dx into dy. Now friends, let's see mass of lamina in polar coordinate system. If the surface density rho of a plane varies from point to point of the lamina and if it can be expressed as a function of the coordinates of a point of mass of elementary area dA is rho into dA and if rho is equal to f of r theta since dA is equal to r dr d theta, so mass of lamina in polar coordinate system is capital M equal to double integration over f of r, theta into r dr d theta. Now let's solve an example. The density of a circular lamina x square plus y square is equal to 2x varies as the distance from the fixed point of the circumference of the circle find the mass of lamina. So in order to get this lamina, let's draw the given figure. We have to change Cartesian coordinates to polar form. So we will make a substitution x is equal to r cos theta and y is equal to r sin theta as well as dx into dy becomes r dr d theta.  So taking r square common from left hand side it is r square into bracket cos square plus sin square theta is 1. Is equal to 2r cos theta which is again equal to cancelling r from both the sides r is equal to 2 cos theta. So the circle x square plus y square is equal to 2x in polar form becomes r is equal to 2 cos theta. We have drawn in this picture xy coordinate system. So the circle x square plus y square is equal to 2x now r is equal to 2 cos theta. This x axis is a initial line representing theta is equal to 0 and this y axis is a perpendicular line with theta is equal to pi by 2. Let us consider p as a fixed point from origin. Now let p of xy be any point on the lamina. It is given that the density varies as square of the distance of point p xy from a fixed point say origin. Now by using distance formula the distance op is given as square root of x minus 0 whole square plus y minus 0 whole square which is equal to under root of x square plus y square. Therefore density rho is equal to k into bracket under root of x square plus y square whole square as density varies with the square of the distance from the point to the origin. So this is square of the distance and k is proportionality constant which is equal to k into under root of x square plus y square. Here it is x square plus y square is simply r square. So r square bracket square is equal to square root and the square get cancelled and it is k into r square. So density is now k into r square. Now to find mass of lamina over circular region it is convenient to find it above the x axis and multiply it by 2. So we know that this circular region is symmetric above and below the initial line. So let us calculate the lamina above the region only and multiply it by 2. Therefore mass of lamina m is equal to double integration over r of rho of r theta into r dr d theta is equal to double integration over r into bracket. Substitute value of rho density we have calculated over here k into r square into r dr d theta. In this region r now r varies from let us know the limits of integration with the help of this region. So r in the region r varies from pole r is equal to 0 to boundary of the circle r is equal to 2 cos theta and theta varies from theta is equal to 0 to theta is equal to pi by 2. Therefore m equal to 2 times integration 0 to pi by 2 inner integration 0 to 2 cos theta k into r cube dr d theta. As the limits are in terms of theta so let us integrate with respect to r first which is equal to 2 into k is constant. So outside the integration sign integration of 0 to pi by 2 integration of r cube is r raise to 4 upon 4. Limits of this integration 0 to 2 cos theta into d theta which is equal to 2 into k into integration 0 to pi by 2 in place of r substitute upper limit 2 cos theta whole raise to 4 divided by 4 minus lower limit 0 outside the bracket d theta which is equal to 2k into integration 0 to pi by 2 bracket 2 cos theta whole raise to 4 upon 4 minus 0 outside the bracket d theta is equal to Now this is 2 raise to 4 let us have it outside multiplied by 2 is 2 raise to 5 into k divided by 4 into integration 0 to pi by 2 cos raise to 4 theta into d theta by using the formula of beta function this cos raise to 4 is reduced to the beta form as which is equal to 32 by 4 into k and now by using reduction formula for this integration 0 to pi by 2 cos raise to 4 theta d theta is equal to 1 by 2 times beta of 1 by 2 comma pi by 2 therefore m is equal to 32 by 4 into k into 1 by 2 beta of half comma pi by 2 now by using relation between beta and gamma function we can further reduce it to is equal to this 32 by 8 is 4 into k into bracket now let us use relation between beta and gamma beta of m n is equal to gamma of m into gamma of n divided by gamma of m plus n so it is gamma of half into gamma of 5 by 2 divided by gamma of half plus 5 by 2 which is equal to 4k into bracket gamma of half into gamma of 5 by 2 upon gamma of 3 so m is equal to 4k into bracket gamma of half into gamma of 5 by 2 into gamma of 3 is equal to 4k into we know that gamma of half is equal to root pi so root pi into gamma of 5 by 2 is 3 by 2 into 1 by 2 into gamma of half which is root pi whole divided by gamma of 3 is 2 factorial that is equal to this 4 into 3 is 12 root pi into root pi is pi into k divided by this 2 into 2 into 2 is 8 so mass of lamina m is equal to 3 by 2 into pi k I have referred textbook named advanced engineering mathematics by H. K. Das for creation of this video thank you so much for watching this video and have a happy learning


The following is a presentation of TFNN The power trading hour with your host David white Call now toll free at 1-877-927-6648 or internationally at<PHONE_NUMBER> now David white as We return to another excellent addition of the power trading hour What do we have? Well, it doesn't really matter as long as you're here though The following takes place between 2 p.m. And 3 p.m so we had earnings out after the bell last night and this morning and You try to get a theme starting to come out and that is big tech continues to do rather well we also have a thing where many of the other companies that are more brick-and-mortar or depend on the kind of things that are going up in price Like Starbucks and it's a little better than it was out here, but It was down a couple of bucks and still I guess it still is You've got some other ones out there that are doing rather poorly But the big companies like Google coming out with a 20 to 1 split or is it a 19 to 1 split did try to attempt to break through the previous high 3033 from November 19th Wow not that long ago with 4.3 million shares here today and Kind of interesting that they're finally getting to the point where they want to do a reverse split on this one of the reasons why a Company that would do a reverse split is they think that retail buyers don't like to buy $4,000 stocks and that's or 3,000 and that's true But they did that for a long time and the reason why is they didn't want Shorts piling on a variety of times in the marketplace $50 stocks much easier to get people to pile on but You know be the big Companies are getting bigger other companies having bigger problems Paypal is the loser of the day PYPL, right? PYPL Yep, that is it right back into the gap It goes back a little bit farther When we look at PayPal It was going after this big huge gap that goes back to May 7th of 2020 that was a huge day up on 35 and a half million shares Let's see what we have today 101 million shares and hanging out at the lows Whatever they said which I didn't pay a lot of attention to I was looking at all the stocks moving after the bell last night certainly looks Like it's gonna blow through that You've got a double gap right at about 99 bucks and that's still another 30 35 bucks lower So I don't know what they said that was that bad I'll look at it tonight, but Certainly does look On just a chart basis as one that has finally blown out You did have a very good double top that told you to get out Not just sort of told you to get out but run and get the hell out now That was the double top from February 16th 2021 That had 13.6 million shares To going into that high on four million shares you gap down you had three or four different times to come down Well, what you do have on this on the positive side is the last in a three-gap play your first gap out here was on the down on the 28th of What is that July? 2021 you get your next one Down here as November 9th And that's another huge Gap down and as I said before if you get two big gaps now this one was filled a little bit That came off the top you get a big gap like that And can you go back up and test sometimes I wouldn't have bet on it because of the low volume High out here But what you do get is you get two gaps the chances of getting a third gap of something equal Which was like go out of 25 30 bucks on this? I sent out my white paper to a lot of people if we've got some new listeners that are trying to figure out What the three-gap play is generally this is what you what you think about and that is if you get one big gap And I mean like not like a 2% gap down I'm talking about things that stand out that a blind man could see and these gap downs were that they were 20 30 bucks of you know Six seven eight nine ten percent not two percent There's a lot of tinier gaps out here that get filled now on this one though You filled a gap and you came down in the third gap Could you get worse you probably can but my guess is it's going to consolidate a little while here but generally The thought is on three gap plays to the upside they can come back and fill all three gaps rather quickly To the downside you don't tend to get that same kind of effect You do tend to get a temporary bottom So if you were looking at this you could almost put a stop in of 15 or 50 cents on the low of the day here and hang out for it for a bounce up to about 172 or 3 I don't like that. I think there are better plays out there, but that is the proverbial three gaps you get two gaps Like I said, I bet about 80% of the time that you're going to get a third gap You don't know exactly where it's going to come from But a pretty high probability 8779 276648 if you have questions on the three-gap play or you want me to email you that white paper just Email me at path at tfnn.com if you'd like to call in eight seven seven nine two seven six six four eight That was it anything else Yes, I did see that Forbes is getting bought by the Chinese In kind of around around Robin way, so I don't know You know it is one of the bigger premier Financial newspapers or magazines or whatever you want to call it now that it's online blogs But yeah, the Chinese Communists adjunct Gonna add I think they're gonna own 80 or was it 85% of that so the question is will they be able to Objectively now that they're owned by the Chinese Communist military I'm going to be able to have kind of a Objective view we shall see It hasn't worked out well in the past as all I can say, but yeah, I did see that so yeah another one of our premier Financial news sources highly compromised to say Anyway, we'll be back In just a minute to give you call eight seven seven seven six six great path tfnn.com if you want the three cap play thing Are you grinding in the market? But seeing little to no return or are you a successful trader simply looking to make your job a little easier? Learn to take the path of least resistance with David White's powerful trading newsletter David White is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades support and resistance Define the ranges in which stocks trade by understanding these trading ranges David White is able to find a path of least resistance David White's trading newsletter the path of least resistance is delivered daily Before the markets open to make every trading day an easy win Visit tfnn.com today and subscribe to David White's ultimate trading newsletter for $119 a month and try all of our newsletters risk-free with our 30-day money back guarantee Take a path of least resistance at tfnn educating investors What's separating you from the most successful men and women on Wall Street? 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Certainly you got about halfway through that gap so I could see And the volume a little better than the day before today a little bit of a reversal, but I'm kind of pointing out what is Sort of a sea change and that is every day of my newsletter I do point out the most highly shorted stocks the day before Netflix was number one And it's pretty rare because they love to short the living daylights out of both nvidia and amd on a base on a daily basis We'll get to amd and their earnings report here shortly But netflix very interesting that it was the most heavily shorted Medium and big cap stock in the market The difference Last five years any kind of huge shorting like that would have seen the people taken out to the wood shed and Thoroughly thrashed For even suggesting that a stock could go lower today Yeah, kind of a nice little move lower I'm still kind of thinking 570 475 Maybe they go after these shorts one more time, but Uh, it is interesting as we went through on monday. It was monday or tuesday Monday, uh, and tuesday or tuesday We went through the most highly shorted stocks and even though the markets have been significantly higher Those short positions and not most of them not household names Uh, but refused to really bounce in the past those also Tended to do extremely well So we've got a market that at least on the edges is changing and that is that if you got a lot of short shares It isn't the odd automatic ticket to going higher Uh, but that's it. Um Okay, yeah, I got some emails. I'm going to answer that one at the break for you james Uh, or no, yeah Or vick Uh Yeah, I'll fish I'll answer that one Uh during the break. I don't want to get people too roused up about it. Uh, anyway, uh Heavy shorting not always the ticket to higher now on that list, of course, uh, amd and nvidia are almost a daily uh Pop of people heavily shorting amd opened up around 130. It's kind of pulled back a little bit, but it's still had a fairly significant move off of 110 and Is this just a Bounce higher in a downtrend. This is certainly kind of what you get Um, the downside is generally you want to have a company that at the same time looks like a downtrend Is also talking about a downtrend in its business Uh, as we said yesterday before earnings, this is a company that could Ship four times as much stuff as they can and would sell every bit of it. So it's a it's a It's not a demand It's a supply and production problem from amd. They did a little bit better It's kind of interesting that it did sell back a little bit Again, uh overall, uh bearishness in the market has not been erased Um, I do think that maybe we have the opportunity. I don't know. I'm going to wait for it But I think we have the opportunity for a high in this bounce and the next I'm going to say Well between now and the close And tomorrow and one o'clock to have some kind of hike. I'm in Uh, I think at least the timing on that is going to have to Be, uh, based on qualcom Uh qualcom is back pushing the highs It's hard to think that they're going to do poorly certainly, uh, the results from glw of coring And uh, apple suggests that qualcom is going to do well They continue to have basically a huge moat of patents and products Apple trying to get around that. Uh, they Do not like paying anybody anything Which reminds me of The same thing of walmart always trying to Screw somebody over for a penny or two on anything they can because it's such vast numbers Uh, but qualcom You know, they set up a business they Have more patents than just about anybody but IBM And they vigorously defend them, but not everywhere. It's not a shotgun approach like IBM. It is That and they have the best engineers in what is, uh, what? A lot of engineers called the black arts and that is radio frequency Uh, digital stuff. It's pretty easy to figure out I've compared, uh, the ability of qualcom's engineers to dale ernhardt at, uh, the indiana at the Daytona 500 and that is some people just can see things Visually dale ernhardt could see the wind and the way it moved on different cars and why he won the 500 so well Are so many times Uh, it was uh that and He you can't always teach it Sometimes it's partly acquired, but a lot of it is just in eight ability to see things, uh, like that and qualcom has been probably, uh, as, uh, as, uh, I wouldn't say vicious but, uh, Determined to hire the best out of college for people that understand this stuff Kind of like oracle is the company that goes out and hires anybody in computer science that understands database stuff Um, a lot of these people go after the best and the brightest Get them pay them a lot and nurture them to become one day a Somebody that can do that and of course some fall off on the on the way there But there is a kind of a black art Uh to radio frequency stuff. It bounces around. It's weird Uh digits are easy. I kind of did that stuff Uh analog is much harder and the one step below that is radio frequency stuff I think they've done a very good job On 5g, uh, there was a lot made about the f a a and the, uh, Uh, uh, uh, uh, and, uh, the, uh, No, who the frequency fee now I'm just having a mental blank, uh, but anyway the f a and the, uh What is it? Not the s c c. I'm I'm figuring out my all my, uh Acronyms now the radio folks anyway, uh, the uh, certainly, you know, the whole thing was that 5g was going to mess up everything Yeah, f c c. Thanks. I don't know why just got all my acronyms all mixed up there. Anyway, uh Right now as it stands 92 of all airports have been cleared for 5g And that's a big deal for qualcom. You still have 8 but they're doing about 2 of per day Of what's left. So 5g does look good. Uh, they've got basically a virtual monopoly My guess is that apple will try to get into a war on it again with them. Um, but uh in the past qualcom is one, uh It may take five years, but they continue to win. We'll be back in a minute Having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn and host live during their shows Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30-day money back guarantee and become part of the tfnn trading community educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live financial content From 8 30 a.m. To 4 p.m. Eastern on market days stop watching on the sidelines while other people get rich and become the investor You were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts 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 charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleaf abc's butterflies and much more The art of timing the trade charts 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 this new charting 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 charts 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 as we return Uh, yes, i'll get that Up 30 points on the s and p cash up 158 on the down as that got 24 You know when you saw google bounce like that, um You got to think man The nasdaq was going to be up 500 points today except 24 25 Does look like they kind of front ran or ran that entire thing Uh resistance on the s and p really started to come in at uh 45 50 we're about 26 points above that This is i going to be probably the fourth day of declining volume and uh fun buying really kind of is 90 done you might have some in the morning. That's why it's a little foggy on whether or not I think we're going to have a top yet today or tomorrow, but uh generally If you get a one and a half percent on average bounce For the fun buying which is the last two days of the month into the first three But uh You know you get about a half percent off of that on average the day a couple of days following So there is kind of uh a mad rush to get the prices as high as possible By those guys on wall street the big men of wall street Uh only to see that you get a little bit of a pullback just on average. I don't know on this one I just think that really uh the volume so far today Kind of pulling back a bit. So we'll keep an eye on it We want to watch how the end of the day comes in Do we need to see another crowd forming to try to buy uh the end here? Um, but yeah, the it always makes me nervous to see these days around fun buying Where everybody tries to buy the high of the day It doesn't seem like they're giving the ira people a very good shake of the Of the uh, what do they call it? Good shake. I guess it's just a shake right Anyway, uh eight seven seven nine two seven six six four eight Okay Oh, what else do we want to look at? I want to look at others Uh, we've got metamucil Uh, otherwise known as facebook Uh out after the bell tonight, uh, they're back up into their gap Of volume's okay You have to probably think that if google's earnings were okay on search That facebook's are probably going to be okay. I don't know if they're going to blow out as well as google did um They have lost a little bit in fact, um apple's change in policy On what facebook can surf off of apple iPhones has been a big hit to them one of the reasons they're off that 384 high Is that it did cause a big problem and a continuing problem? The idea though that I can't answer but probably will be answered on tonight's earnings certainly is You know did facebook find a way uh to to make back those uh Those earnings and it's very unclear if they did But if they haven't been able to do it by now I think it's probably a pretty good indication that apple Does move lower if they have found a way to make money Uh, even though with the embargo of the data that at least from apple's point of view They stole against the contract they signed Uh becomes problematic and of course Uh pretty much at the height of this was last earnings cycle when facebook uh zuckerberg and Steve I want to say steve case but it's not um The apple ceo got in a war of words And so that is kind of one of those things where you have to say Yeah, um, this could really go either way If it goes higher, I don't know if it goes that much higher But if they have kind of a ongoing systemic problem that they can't make make back now One of the big problems that you see From facebook's point of view was that they were getting a ton more money Uh and monetizing a lot more what people did on their phones than what they did at their desktops People don't tend to uh do as much On that and of course facebook was uh surfing And siphoning off their location data so that they could modify ads targeted at the customer Now that they can't go in there through the back door The only thing I I wonder about is why apple didn't sue them For a ton of money In behest of their customers But uh, you know, this is one that could go either way You got to think that no matter what happens the people that are long-term investors and facebook Are going to put some lipstick on this pig Let's put some lipstick on this pig Certainly some lipstick on this pig But you know if you if you just disregarded earnings It did pretty much what you would think which is go up there and fill about half the gap And then that's it and the volume hasn't been all that exciting off the lows so on balance a little weaker than uh google's charts at least the way I looked at them, uh, and of course, uh Maybe some big guys thinking it's time to you know, they've held this thing since it was 20 bucks Maybe it's time to take a little bit.  There's what I think eight different lawsuits the big one that everybody worries about of course is the one that could Have the same kind of impact that microsoft's did In 1999 and that's one day you got a 30 percent haircut I think it was 30 percent. I think it was 1999 Uh, it took a little while for them to come back and of course almost 10 12 years to actually start moving back higher Uh, so antitrust things aren't uh Aren't uh, just that now did I do a little bit of history? I didn't let's get this in and then when we come back We'll look at some more charts Just a little bit of history On this day in 1935 Mr. Keeler lean on lean lennard ye Keeler co-inventor of the polygraph machine first uses invention Keeler used the lie detector on two cronals in Wisconsin who were later convicted of assault when the lie detectors Results were introduced in court. Of course. This was thrown out a couple years later when you found out That it was all a scam Polygraph machines don't work um, they tend to use them uh as A way to make people Nervous and actually Confess and I always uh, think it's very interesting everybody I I imagine literally everybody has been told to watch the wire Uh, the series from what is it HBO series? I think it was Uh about baltimore in the 2000s great series But I always remember one time where they uh talked to some kid to put his hand on a copier and told him It was a lie detector test and of course the kid uh, instantly starts, uh testing all his Now no better than that. We'll be back after this Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clear water markets Tiger real estate llc is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers Make the most informed decisions across all price levels From the price you should be paying per square foot in certain up-and-coming areas to the type of cash flow Investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future call tiger real estate llc today at<PHONE_NUMBER> Or email us at tiger at tfnn.com that's<PHONE_NUMBER> Call us today the technology around us is changing every day With so much happening it can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information You need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 dollars and 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30 day money back guarantee tfnn educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look Trade chau or chad Directions daily csi 300 china a share bull and bear etf's china a shares in either direction Visit direction investments.com 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 and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at eight six six four seven six seven five two three The prospectus or summary prospectus should be read carefully before investing an investment in the fund 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 foresight fund services LLC Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv That's tfnn.com then hit watch tiger tv and all those folks that uh love trading natural gas well They can worship another small rodent again today. It is groundhog day Once again the eyes of the nation have turned here to this Tiny village in western Pennsylvania.  There is no way that this winter Is ever going to end As long as this groundhog Keeps seeing his shadow. I don't see any other way out He's got to be stopped and I have to stop Yeah, don't drive angry remember that too eight seven seven nine two seven six six four eight Yeah, I've got several people here that ask for the three gap play. I'll get to that in the next break Uh eight seven seven nine two seven six six four eight path at tfnn.com Okay, uh, so I wanted to get to amd. I did look at them um Got a nice bounce just a question on the on the uh side of uh What this thing's doing is it a bounce in the downtrend? The only thing you have now is that semis are kind of at a discount worried about the china factor uh in taiwan 80 of uh all electronic devices Have to depend on Dependent c on something that comes from taiwan So it is problematic. I don't know what the discount is now for that but uh Literally advanced micro nvidia Uh to a certain extent uh all the hardware that microsoft makes Uh samsung probably the only independent Uh manufacturer that doesn't really rely on anything Uh from taiwan and there's a couple of things, but Kind of the the fortress mentality that japan had in the nineties Uh south korea has developed for itself So if they're gonna Make something and sell something It it's probably going to be made there if at all possible They try to make sure and whether or not it's the chips that actually go on their own smartphones that normally would be made in taiwan They make them there You know the I guess the biggest thing is the asml Uh lithography machines are the only thing that really Is a 100 percent monopoly these days That's still good. I haven't looked at that company for a while. Let's take a quick look Okay Yeah And of course these guys are down because uh no one wants them to sell Where they have is probably in the neighborhood of a five billion dollar order For those machines to china they still wouldn't probably be able to deliver them for a couple of years But uh that's kind of that's kind of it your backup here It's what they can build. Um a lot more orders than that, but the lead time on this stuff is amazing One of the more interesting thing with asml Is that they have a giant mirror in there that mirror is concave Uh it's also about Three foot in diameter And if you listen to the as uh asml Engineers they're pretty proud because that mirror actually comes from zeiss The uh optic manufacturer from germany And that mirror is so perfect that if they blew it up to the size of the uh of the uh earth That's a three foot dish They blew that up The the farthest part out Would not be any more than a human hair And when you talk about the absolute kind of precision that this takes asml has a lot of it, but uh the uh zeiss zeiss I think is zeiss The german manufacturer of optics Also a big winner in this stuff. I don't think they tried trade by themselves, but Man, there are a few things that are almost perfect in the ever made perfect But uh the optics and these machines are literally amazing And of course the next round of the machines coming out are going to be 300 million dollars apce But that's it How high dave um i'm more about which time it is And i'm thinking that is in the next like I said probably before noon tomorrow We see whatever the high is But uh that would be the end of fun buying uh You know, we've got a handful of stocks that are probably going to do well uh People are focusing on them mostly because they're in the nasdaq But certainly they're dragging a lot of the other companies with them, but We are pretty much through the ones that are going to be that big a deal Now tomorrow, uh as we said earlier It may be the ones that have real bad hair days Uh one of the other reasons why I think tomorrow could be signaling some real problems And that is that we get real heavy in the biotechs tomorrow Um a little bit more in the energy sector Which could help and offset it but uh If there's a sector that looks weak It certainly is the uh vaccine industrial complex is represented by the iBB Um, you got almost no volume out here, but uh really starts tomorrow. We'll go through those And we're not going to have time today, but uh, we'll go through them tomorrow after they report, but certainly Let's go ahead and talk about them At least give you the tickers so that we know What those are Thursday morning, okay Uh murk lily biogen On the energy side. We have conico phillips Ralph loren, I don't think that's going to do much After the bell tomorrow night, we've got amazon snap and pins Uh To amazon's kind of disappointed last couple of times Um, I don't know if the new ceo has decided that it's uh time to to quit throwing in uh all and get rid of all the Skeletons in the closet that bezos left, but that's kind of at forward motor activation blizzard uh I'm wondering if with all the acquisition stuff if it If it's hard for those to actually go down even if they do miss another reading on Smartphones with skywork solutions tomorrow night. Uh, we've got uh sketchers and decors both in the What would you call it footwear? Or a tennis shoe business? I don't know what that's called But certainly we've got a little bit of that and the big mac daddy of all safety stocks at least What people said for years? Uh, clorox And everybody the rush in these to go back Uh into the safety stocks doesn't look like many people are worried about safety out here in clorox today, but uh, and I mean you got that double gap at 155 11 I wouldn't be surprised to see that continue down a little bit But uh, you know the proctor and gambles the clorox is the stuff that people ran for safety Uh, even just a few weeks ago Doesn't look much like they're worried about in safety and uh complacency is always the key setting at another high in the Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be educating investors 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 basal 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 and stock prices Get the opening call newsletter by basal chapman and 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 Are you looking for secured investment which pays you on a monthly basis the target first mortgage program Maybe the program for you the best rate on a five-year cd in the country right now According to bankrate.com is paying one percent per year or one thousand dollars per 100 thousand dollars invested The target first mortgage program pays seven percent per year paid monthly on secured high value Buildable properties in st. 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That's eight seven seven five one eight nine one nine zero catch tom will brian professional trader and educator founder of tfnn Also a special guest on cnbc tom will bisect and dissect the markets the tom will brian show next on tfnn And we had a little more questions about paypal three gap play Generally, you get a fairly quick filling of the third gap if it's going to happen You're going to see it start literally tomorrow and going and filling that gap back up but Doesn't mean that it's not like the ones on the way up Where they get filled real quick The ones on the way down tend to take a while but they do so, you know long term If it can hold this 129, you don't want to give it anymore. Like I said if the pattern The first part of the pattern is you get two big huge gaps Then you get a third one that generally is more volume It's everything it does mean that you have as we've talked against or through last week a A selling climax Most of the time and then you get a at least on these down sides You get a fill on the upside you get the thing falling apart almost instantly And that's what that three gap play white paper. I have has so if there's one thing that you learned today It's to be aware of two giant gaps The third one out there about 80 of the time and you know that if you don't want to get blown out That's one of the easiest things to watch on a daily basis as I said Looking at Looking at what we've got here. I'm everything setting up fairly right Uh, as I said thinking that maybe we get a nice pop today on or tonight after the bell on qualcomm Maybe get a little bit more in the morning on the open and then When those uh biotechs come in if they are weak, I think that takes us through the real strength of the market I thought maybe even the text would be a little weaker than they were this uh this time they feel stronger But we're getting into the probably the war weak part of the earning cycle Well, so when you can not when you have to and we will see you here tomorrow same back channel same at


Hey guys, how you doing? This is rich from rich to be live and I have some breaking news for you Aurora cannabis to host first quarter 2019 investor conference call on November 12th 2018 this is some huge news Breaking news. This is the news that everyone's been waiting for Aurora today and now it's that has scheduled its conference call to discuss the results for its first quarter and its September 30th 2018 the call will be hosted on Monday November 12th 2018 at 10 30 a.m. Eastern Time by Terry Booth chief executive officer Glenn Ebot chief financial officer and Cam Bailey chief corporate officer followed by a question-and-answer period conference call details date Monday November 12th 2018 time 10 a.m. Eastern Time 8 a.m. Mountain Time Webcast you can find the link right here at Bit.ly See what happens when I click on it Bam, there's the information right there. You can register right now Look at this Pretty cool. So anybody can join this right now and you have all the phone numbers here You can see the reference number is 179 2668 and let's learn a little bit more about Aurora because there's such an Exciting company one of the biggest companies in the cannabis sector headquartered in Edmonton, Alberta, Canada with funded capacity and excess of 500,000 kilojett kilograms per atom and Sales and operations in 19 countries across five continents Aurora is one of the world's largest and leading cannabis companies Aurora is vertically integrated and horizontally diversified across every key segment of the value chain from facility engineering and design to cannabis breeding and genetics research Cannabis and hemp production derivatives high-value ad product development home cultivation wholesale and retail distribution highly differentiated from its peers or has established a uniquely advanced consistent and efficient production strategy based on purpose-built facilities that integrate leading edge technology across all processes defined by extensive automation and customization Resulting in the massive scale production of high-quality product at low cost. This is a company that is destined for greatness Okay, you can see all of their partnerships.  Look at the news. Look at Aurora cannabis. Okay, and I believe that they will have yet another successful Quarter, what do you think if you like this video smash the like button comment down below Will you be listening to the conference call on Monday 10 a.m. Eastern standard time? It's true. It's a one-hour call and you can find all the news everything that's trending at www.richtvlive.com hover over news hover over stocks Cryptocurrency find us everywhere follow us everywhere and join our secret stock picks group It looks like this you just click on it It's a me know and we're growing so fast and you too can join the rich TV live revolution What do you think about this news now? Remember?  Heart your boy. I'm out peace


Because of the yeah, we're not allowed yet. But yeah, we're passive hold right for you But we're a we're a significant holder of a free and we're going to continue to be a significant holder of a free You know whether this transaction actually gets completed or not is the big question a lot of underlying Discussion of what's going on with Africa right now and you have these negative short-seller reports out there But you know you there is positive because even what they're leaving out potential linkage between PGB and Africa You know this is a bonafide bid You know and it is at a price higher in the marketplace where the stock is trading right now And just so that our viewers are fully aware your horizon ETF. You have a cannabis ETF Yeah, and and so that's why you own a number of stocks in the Canada This is the whole ETF I think it's the CEO of the HMMJ ETF The largest ETF in Canada the first marijuana ETF And they own a lot of Africa You know it's a $800 million fine and we own a significant stake in Africa itself What has happened in Africa? They own a big stake in Africa What's your outlook then for the cannabis industry in 2019? Particularly going back to what you said in terms of we're actually really going to get real numbers from these companies after legalization Real revenues coming Now we're preparing their Q4 statements These are all public companies and you know what They're all going into a quiet period with respect to talking about their financial results And it's going to be very interesting to see where the true sales numbers are like The ones that have come out already have been very positive You know and are giving us a nice forecast on what this market could look like in 2019 For this again young emerging sector So you know we're going to see some companies falling short of their expected financial results And we're going to see those as key takeover targets if they have assets there that they're making See what's going on What I've just said Is that totally their targets?  Sea of red where? Where's their sea of red? The Dow? Yeah it's been up and down TRUL plus 125 What do you mean? Oh 12% nice T-God's up 16% nice Nice Keep bringing the picks man Keep bringing the picks I was happy No there has been a lot of concern there And this is just because they're really Disregarding what the federal government is saying That it's going to open up this highly coveted area Japan in particular Do I think that T-God's going to go back to $3? I think T-God's going to go just like $10 Yeah it's going to go to $3 Come on man We know this We know where T-God's going What the word God in it T-God T-God Hell yeah it's going to go up Hell yeah it's going to go up A-G-R-U up 27% Yo Let's go Acreage Told you guys Acreage was a beast man Told you Buy in the red, sell in the green, buy low, sell high When everybody's crying that's when you're buying Acreage system and it works Sorry you guys missed some of those conversations In the cannabis sector man I didn't realize that my volume was turned off I had my phone turned sideways And the volume was on the side And it turned it off Sorry about that Technical difficulties guys This is why you don't drive and record And go live A lot of things going on at the same time here Trying to focus on the road This is why my phone keeps bouncing T-God's going way higher than $3 Way higher than $3 Way way way way higher I can see T-God at $7 Easily It's the perfect time to visit the team Happy New Year's to everybody Wish you guys all a blessed 2019 And beyond APHA is up 11% Can trust up 8% Yo thank you for the picks guys Everything's moving man I should set up stream labs? What's that? Yo I love you guys man Happy New Year to all you guys man Wish you guys all the best in 2019 And beyond man We're gonna get it No one can stop us We're already up Sorry guys No one's lying That's $365 Yo what's going on? There we go We're back TSX is up Dow is jumping by $200 What's with the loony?   How about that VTVT we were looking at earlier? Is it still popping? VTVT It was popping earlier like 150% Bombardier up 6% Yeah juju looks like a dead man It does Those have been a relative out performer In 2018 In fact in green territory Up 3.2% here to date For where healthcare goes from here We're now joined by the team that's an officer At Harvard's portfolio group at Paul Mcdonald He manages an ETF Who's on fire? Thanks for coming in It's great to be here thanks for having me When you take a look at the markets Particularly in the United States That healthcare has been Essentially managed one of these funds That's right healthcare in particular We've been pounding the table for several years We continue to do so It's one of the few sectors that have Great, short, medium and long term Trucksally positive dynamics But it also has that defensive Characteristic so not just similar In 2008 when you looked it was down Lights and markets but it was the best performing Sub-Sector and we're certainly seeing that In this environment here as we Oppose sort of the later stages So when we take a look at your Healthcare ETF What's the Healthcare ETF Interesting We have 20 large cap healthcare Companies diversified across the Yeah, NTRs are doing well man I ain't ignoring you bro I ain't ignoring you then I ain't ignoring you but I ain't ignoring you but That's in your head bro Nobody's ignoring anyway No, I'm not ignoring anybody NTR good pick man It's been doing well Respect on that pick pistol Pete Respect People are taking the profits When you see things go up You gotta sell it Yeah NTRs made a nice run man Good work, good pick on that one What other picks Anything else that we need to look at Anything else that's moving I heard MJNA was moving I heard MJNA was moving Come on man You're not a fucking drive You're doing Jeez What's wrong with these people man Weekend drivers They only come out on the weekends Just like stop in the middle of the road Like who does that Come on man Let's see what the CEO's talking Let's see your diverse body in particular NTR NTR was at 25 cents A month ago At $1 today Very nice I like that I like that TNY Yeah is that Tinley Beverage Company They've been doing really well too The line is getting a little bit blurred As pharmaceuticals are shifting Into biological drugs Which tend to have less patent Expiraries Worries associated with them They're much more complex You do have medical devices Ranging head, shoulders, knees and toes And the heart in between so to speak From our perspective When we look at the various substructures Given this pullback Medtech still is trading at the upper end Of the valuations And their fundamental valuation metrics Are a bit more expensive We would suggest the pharmaceuticals For the biotech But they're certainly very inexpensive What's this cycle looking like though Right now for the pharmaceutical companies Because if you get them at the wrong Side of the cycle These stuff won't do anything for a very long time Whether there's not enough in the pipeline Or the patent expiration So where are the pharmaceuticals these days That's a great question Pharmaceuticals are getting into cannabis That's where they are They're all getting into cannabis The words Vivo is up 24% Yo You know I love my vivo You know I love me some vivo And bleeding into the third quarter next year Huge amount of food And cat balance man coming from the bottom Stocks coming from the bottom It really is evolutionary We think they were still very much There's nothing surprising there Good companies will always go up long term They might go down in the short term But long term they're going to go up Yes so we do cover that company We don't own it And so they do have a You know in their devices And equipment that they manufacture Also have an industrial component So we do want to focus in more on the pure play Companies that are exposed to the To the healthcare space I don't have the numbers off the top of my head But they would be considered one of the medical technology companies Yo guys there's 22 minutes till the market closes What's popping Maybe GGB should buy vivo Yeah that's a good point It's a very good point I don't know if vivo is for sale But um You know GGB is trying to go after Aphria because they're one of the biggest right So I don't know if they're interested in vivo at this point I don't know if that's A target on their watch list But you never know Vivo is a good company too They have a lot of money in the bank So it's very possible What drove markets today What changed I think it's the Aphria deal I think it's the Aphria deal Whenever you got news Whenever you got momentum in the sector Whenever you got people that want to buy out other people It creates interest It creates excitement and gets people talking And like I said yesterday It's going to make the sector green And we're green I've been around long enough to just kind of know You start to get a feel for these things You don't always know Sometimes the market's going to do the opposite of what you think Obviously, clearly that's happened a lot too But good companies are going to go up over time So when they've gone down as badly As they have over the last couple months You know at some point they're going to climb back up And I think that This is just an example of that You know We've hit a bottom So we're starting I told you guys we're bottom hunters We hit a bottom, we're starting to see it climb Yeah, there's going to be a lot of mergers in 2019 Having said that It's going to be the year of the merger Because all these small companies are going to get acquired Now that you would say, you know what It's going to get worse before it gets better I'm not going to step it in I'm wondering if it's going to be the people you're worrying We're investors If you were the type of person that worries Investments go up and down It's not for the faint of heart Probably not the place for a worrier Or a panicker That's why I made these songs Don't Panic and Cannabis Stocks Resurrection Because I know where we're going And I already told you guys Nobody can stop us, we're already up We're already up, we can't be stopped Maybe more than just Everybody has An argument for their value In the process But certainly bringing some transparency there I think that bodes well for your Pharmaceutical and bio-pharmaceutical ACB is too big To get bought by another marijuana company You never know You never know Canopy can buy them Canopy has enough money to buy them So Anything is possible If you get like a billion dollar Company A billion dollar pharmaceutical company could buy them Any day So nobody's too big to be Purchased Nobody's too big to get purchased In my opinion Not at this point Imagine if Mickey D's Bought ACB and then they would have cannabis At McDonald's I don't know how they'll go over with all the kids Yeah, Coke could easily buy A lot of these companies, absolutely Coke has a lot of money Different meaning to happy meals McQueen fries Getting into a bad frequency location Yo guys, we got 17 minutes Until the close Is there anything else That we need to talk about right now Before the close We got 17 minutes, I'm gonna stay live with you guys I'm just driving So Who bought Evo? What? Sorry, I missed that What happened with Eve? These drivers are killing me, man These drivers are killing me Weekend drivers Afraid of the rain You bought way too high Well, I would either be patient Or I would buy more to lower my cost That's the only way to deal with that Take an L You think it's interesting that a US company Such as GGB is trying To buy a Canadian producer I have a feeling we might see more US consolidation Moves into the Canadian space Well, think about it this way In America, you can only work in America But if you acquire a company like Africa, now you're working in America Canada and internationally Because Africa is already international So by them trying to acquire Africa To essentially go global But Africa already said That's not gonna happen I'm not surprised Obviously they think they're worth more The price would go higher if they just dealt with Their Short trader report From Hinderberg Research And all the Short traders that are coming after them They'd be doing much better And they wouldn't be getting bought out For only 2.8 million They wouldn't have a buyout offer for 2.8 million Which is a lowball offer But It's the best offer they're gonna get right now Based on the fact that they haven't responded to The accusations of Scandal and fraud Which is a big accusation And they haven't even responded yet So You know It is what it is Okay 15 minutes To the close people Dow was only Dow 123 That's not even that bad Considering it was down like 500-600 points Like an hour ago On 14th He's such a traffic 14 minutes to the close That's a tough job 13 minutes to the close You're more richest Doing some holiday shopping Making sure I'm loaded with supplies Here in the ride Just driving coast to coast And city One side of the city to the other We're doing this for you The people live We're listening to Bloomberg Radio Live Happy holidays everybody Big weekend of football A couple more weeks you're gonna see your boy And I'll be on the beach I'll be doing these live streams from the boat 12 minutes to the close 12 minutes Oxley's been on fire You just have to fill the truck Tell us what's going on Repositioning it Repositioning Repositioning Exactivated by the fact that we do have any reallocations That it does have a tendency to push the market One direction or the other Dan, let's go back to the pension fund Supposedly or supposedly in the market Rebalancing their portfolio What was the tip chat around that? Obviously it was a large pension fund What do you think they're setting themselves up for In 2019 Any word on that? There's no official word on that Catherine But I think at the same time I think you had a fair amount Of some players here Particularly in the last six months Who were sitting out this run up I can tell you that we had some cash On the sidelines as well And I was not thinking too fondly Of myself earlier this year But now there's some opportunities here People are buying the dips, man People are buying the dips A lot of people were selling for tax law season I think that's another part of the reason Why maybe we are seeing At least some foundation here Temporarily as we roll into 2019 And as we roll into 2019 Dan We've got one more trading day One more trading day guys In 2018 One more day One more trading day Monday's the last trading day of the year Ten minutes left Ten minutes till the close I'm rushing home Very extreme levels Very extreme levels Yes Opportunity and volatility Being some of these initiations And I think potentially We'll see further initiations in January Because number one The economy is still pretty strong Yes the economy is strong We're not going through a recession There ain't no recession There's definitely no recession in Canada I'll tell you that But there's still a possibility But there's 50 parts here now That may be taking that off the table Or at least playing for the reduced probability BVO let's go CBT, FF FF of 800% What What Grace What It's a war Mark goes up and down It's crazy It's crazy I'll maybe show you a position Because they don't want to have to deal with it on Monday Seven minutes till the close Happy New Year to everybody Love you guys We got seven minutes until the close So I'm just driving here In beautiful British Columbia in the rain In a couple weeks I will be on the beach I will be at my Dominican villa For two and a half weeks Can't wait I wish I was there right now Before I go I will be doing a lot of videos So don't worry I will keep you guys up to date On everything that's happening While I'm here And when I'm gone And when I'm on the beach I'll be doing more travel videos But I'll still be doing stock videos Don't worry But I gotta do some travel videos Because the reason I invest Is so I can travel That's why I invest So it's important to show Those things that I do Because it's a big part of my life So work hard Play hard man The reason why I invest And then when I win Then I travel I love to travel I literally live to travel That's just me Honestly love To find the winners Help the people make money And then take that money that we win And take that money that we make And invest in myself I love to do that That's the reason why I do it That's the reason why I invest Otherwise why are you going to invest The reason why we invest is so our money Can make us money That's why we invest So for me When you invest you should set goals for yourself What do you want? You want a car You want to pay for your education You want to buy a house You want extra cash flow Set a goal for yourself That's what I do That's what I always do That's what I've always done That's what I will always do Either going to be using that money to buy Property More stock Go on vacation If you know me You know those are the only things I'm spending my money on I'm pretty disciplined I'm a very disciplined investor And obviously I spend money on my kids Other than that I'm going to try to keep it that way Because those girls are expensive Especially when you go through a divorce And you get cut in half You get chopped in half Yeah that hurts man I wouldn't advise anyone to do it Mind you don't get married thinking you're going to get divorced I promise you that It's definitely not on your mind when you're getting married Great job Is there anything else moving right now guys Three minutes Three minutes until the close We are listening to Bloomberg Radio Man they got a lot of commercials Bloomberg Radio They making money man They got a lot of commercials So if you want to be an analyst With Rich TV Live You can be an analyst anywhere in the world Anytime there's any breaking news You can come on my show And what we're trying to do is we want to be like Bloomberg Where we have analysts all over the world And we can talk about stocks and trending topics All over the world live That's the goal 2019 is going to be a huge year man In 2018 we went from Nobody knew who we were Now we're on the map We may just be a dot on the map But we're on the map So 2019 We're going to make some moves I promise you We ain't going to just be on the map The loony keeps falling Come on Jeez The loony keeps Falling That ain't cool man HEXO up 11% nice Hip is up 4 cents today Nice All the pennies are moving All the big boards and all the pennies are moving Two minutes Two minutes Here we go Two minutes Show you guys where I find my tools Where I find my nation Where I find my education I use different tools Like Bloomberg radio Show you guys all my tools man I'm not here to hoard my tools And be like if you want my pics Baby baby Give me your money Give me my pics No I ain't about that I'm about making money with you The people Here we go Hold on to the games Hold on to your games Here we go We have a nice run up over the past couple of great days, really standing for the down moving up 1,000 points as we take you to this fair shopping scene close in Bells. We were up by over 200 points at 3 o'clock and we've also been seeing the negative movement just over the past 20 minutes or so to look to an in-negative territory for the city. We are in after hours now. The market is closed. Ding, ding, ding, ding, ding, ding, ding, ding, ding, ding. Take a look at where the market did end the fashion with the down, down like 77 points. And again as I said, we were up over 200 points at 3 o'clock in time periods. And now it's like it's barely holding on to some gains. The TSX are still ending in positive territory up by 66 points as I said. TSX up 56 points. There was some financials, industrials as well as energy scarcity. The materials lately on the down, down, down, down. Now it's like trying to hold up to its gains. The picture though definitely was a choppy session. We saw the Dow down 150 points early in today's trading activity. Then we saw it rally about midday holding on to those gains at around 3 o'clock. And then now pulling back into those closing bells. Now a couple of different reasons perhaps it's a war on the market movement. It's a war on the markets. I told you guys it's a war. And because we had a lot of investors who perhaps looked at the peak to trough which was 20% to the downside and stepped in and did a little bit of buying over the past couple of days. I've been hearing that there was a large pension fund that was repositioning or rebalancing their portfolio actually yesterday and some of that came into today. The other reason though for the rally that we've seen even though... Yeah, what Mr. Trump says by? Everybody buys. With this very choppy session is perhaps because we had a bit of a seller exhaustion. So a lot of different reasons in terms of why we've seen the markets move high. Seller exhaustion. Those closing bells. It is a very quiet session. Seller exhaustion. The volumes are light. So it seems as though the bids, the buyers and the market this prep went away. Yeah, everyone's gone. There aren't as many of them today as we know a lot of people are off this week. So all of that comes into place. Sneak attacks. Sneak attacks while everyone's on vacation. So here we go with the energy sector up by 1.5%. Financials still holding on to some gains in dust fields as well up by close to 1%. So a little bit of some positive movement on the TSX for sure but we are still greatly under water on a year-to-day basis as you can see those. Past couple of trading days we are trying to get some momentum to be upside. Let's run out of the picture here a little bit right now. So it looks like the TSX will finish in 2018 in the rain. Under water for the year. So that's a bad year for the Canadian exchange. Let's talk a little bit about what we did see today. Very volatile once again. Volatility. The word of the day is volatility. Volatility. When I go to the Dominican will there be any hot checks?   I'm not going with girls. There's always a chance that there will be many parties at the villa. And lots of entertainment. Stay tuned.  I promise you guys this.  Not too crazy but like family show type crazy. Oh my goodness. Oh we're going to get it in 2019 man. There's no doubt we're going to get it. There's absolutely no doubt. You know what we're going to get? We're going to go all the way to the top. That's where we're going. It's like destiny. Wow. $70 a barrel.  Interesting. You are watching the close on Rich TV Live.  Considering we are going into the holidays I thought it was actually a very good week. We have been able to find a lot of winners this week. And a lot of companies that have been down have bounced back up today so that's very strong. So overall good week. Obviously the big news with Afria and Green Growth Brands brought a lot of attention to both Afria and Green Growth Brands which I think is great for the industry and for the sector. I don't believe that Afria is going to accept the deal and neither will the shareholders. I believe they think it's worth more. So next week will be fun. Monday the holiday. Monday will be a normal trading day. Tuesday will be a holiday. So Monday will be the last day of trading for 2018. Hopefully we finish off strong in the green. I know that the TSX was green today and I know the Dow Jones was slightly red. So it's kind of choppy kind of a mixed bag. But overall I believe that the... I'm not in front of my computer but I believe the cannabis sector did finish in the green. Which is fantastic. I love that. So from that perspective I'm quite happy. Quite pleased about the fact that the cannabis sector finished in the green. So I want to wish everybody a happy new year. Have yourself a great long weekend. If you guys have any questions feel free to message me. Please guys if you like this video smash the like button. Now remember Rich TV Live is strictly for education and entertainment purposes. We are not licensed advisors. Always do your due diligence. Always do your research before we vest in anything. I'm just like you guys man. I'm just an average guy trying to do above average things. And I want more. I want more in this life. So I'm willing to work hard to get it. If you want something in life you got to go and get it. And every day that I do these videos is just me going out there and getting it. Me just trying to reach up. You know reach for the stars and land on the moon man. That's all I'm trying to do here. Trying to do some big things. And slowly but surely slowly but surely we're going to get there. It hasn't happened as fast as I'd like. Maybe some people think it's happening faster than they thought. Maybe I even thought I'd be higher than where I am. Maybe I'm farther than where I thought. But at the end of the day we are where we are. And I'm okay with that. 18,000 strong. I'm okay with that. What will 2019 have to offer us? I see big things man. I see big things. 50,000 subscribers? 100,000 subscribers? Some big things are coming. That's for sure. Some big things are coming. So stay tuned. Get your popcorn ready. If you're not winning, remember you're not watching. This is your boy Rich. From Rich TV Live. Dropping my phone again on you guys. Man, I just keep dropping my phone on you guys. We're going to just listen, tune in a little bit here. The beginning of that band starts towards the middle of 2019. And you measure cycles from low to low. So presumably the four-year cycle low is going to hit some time. Maybe starting in May. Through towards the end of next year. They're not always perfect. It could happen even earlier or it could happen later. But certainly the cyclical patterns suggest that we should be pretty cautious going forward. And there's lots of fundamental things that I think about that certainly are consistent with that. And I think we could end up having that even if we don't have a recession. Does the market seem to be pointing in the direction of a material slowdown and growth? So we may not have a recession, but we may have a slowdown. This is what this expert is predicting. It's only a matter of 20 or 30 days at this point. Corporate spreads have widened out. They've widened out quite dramatically, but they're only about towards their average. This is not a major blowout and it looks really tank compared to 2016. And you see some pretty serious damage in parts of the equity market. You've got, you know, there are components of the equity market like the industrials that have hit very hard in quite a cyclical industry. So we're building this, you know, the broad U.S. markets in early October. The MSCI World Index last January and a number of other markets between them. We're moving into that window where the equity market lead by anywhere from two to 12 months. So we're in that window where a recession may hit. But I'm looking at all these economic indicators. They're really timely ones that tend to be, you know, a little forward-looking. What are they on you? Well, look, there's a number of things that are in the index of leading indicators. So you take out the yield curve. You take out the stock market. You get like inventory ratios, new orders from the ISM index. I look at global steel production, for instance. It's pretty timely. And that's an area that's being really hit by trade. And as of October, it was growing pretty nicely. The October numbers on global trade, import and export volumes are pretty good. So I'm not seeing the erosion yet. So... Mm-hmm. Well, he's saying he doesn't see recession yet, but it could happen. We're seeing that at Richmond the other day. But, you know, I'm at the point where I don't pay attention to those so much anymore. You know, trading the markets. Mm-hmm. But the type of work I do for Davis Ray and his clients is more what's the trajectory here. Right. And next week is a big week. I spend the first 10 days of the month with my economics hat on more often than not. Because you get the ISM numbers in the U.S. You get the global PMI numbers, manufacturing and services. And I find... And those are going to be for December. Very timely. In the first part of December. So I was using November data. And I didn't see any erosion. Mm-hmm. What did happen then? Why is the stock market seeing this erosion? Well, I don't know. That's a good question. Sell-off. It's just a sell-off. People taking profits. Tax sell season. People just taking the profits. Taking their losses. Don't worry about trade. It's all going to be great. The Fed isn't going to... The Fed will come to the market to rescue if need be.  But, you know, you come out of a global slowdown of 2015 into early 2016. You have the recovery. Growth accelerates nicely. Yeah, man. Every day above the ground provides us with an opportunity that I agree with you 100%. And in every negative situation, a seed of opportunity grows. So, when stocks go down, that's actually an opportunity to have the opportunity to buy cheap instead of panicking and worrying about the fact that they're down. Think about the fact that that's your time to buy. The economy, global economy, U.S. economy, then I think many others are. I think it's going to be below consensus in terms of growth rates. But I, you know, this is part of what I've been thinking is going to be a recession in 2020. So, you know, it's going to be a recession in 2020. Right. No one's ever been right about, you know, the curve has never been right on a recession. Right. So, could we have a bear market without a recession? We've had them before. When was the last time we had that? 98. So, in 1998 we had a bear market without a recession. Interesting. Then you had the Russian debt default and long-term capital management. And, you know, I think it's real close on the S&P 500 that you got down to, like, to minus 20%. But it was, you know, it was a four-year cycle low. And it was pretty ugly. It was really ugly. I remember it. Thank you. And so that was one. There's always issues around it. And there's lots of issues around now that could cause, you know, we're pretty well on the cost of the bear market if you use the broad U.S. indexes. The bear markets are clearly in bear markets. John, when you take a look at this four-year cycle that's the years or the measurement that you're using, some people would say, well, it's maybe a four-year cycle, but we're in a, I don't know, a 12, 16-year bull market. But at the same time too, nobody wants to lose money or capital depending on where you're at in your state of life. That's what it comes down to. I don't lose money ever. If we are in a 12 to 16-year bull market, then the four-year cycle tends to be milder. If you're in a longer-term bear market, the four-year cycle is much more unpleasant. What are we in then? Well, you know, if you accept that we hit new highs on a broad range of major markets after the sideways movement through 2000 to 2009 and so on, I'll suggest we're in a secular bull market. And the four-year cycle, well, bear market, would be kind of a normal happenstance. Is it the case that we're not really out of that secular bear because of all the money printing that happened? I don't know. What I see happening is we're having a regular shake-out in the market, which is normal. If you stand back and look at the long-term, over the long-term, nominal global GDP growth is 4-6%. Over the long-term, it's been higher than that, but it's flowing up. And earnings and dividend growth go in line with historical nominal GDP growth, and that gives us pretty good, you know, it's given us pretty good long-term returns. And that would nibble and there's little wiggles over time. Yeah. That don't matter who gets your pension fund manager, but if you've got gray hair, they matter a lot more. And I guess the question is, the shake-out we're seeing in general, not to, you know, liquidate and pay the couple of gains top, which builds in what, a 35% decline or something. So it's specific to each individual. Now, one thing I would comment on is, I like, Jack Bogle had this rule for estimating... And Jack Bogle... Jack Bogle, the guy who founded Vanguard in the first index fund. But he wrote a paper with some other guy putting a number of years ago and said, I want to estimate long-term returns. You take the dividend yield, add long-term earnings growth, and the adjustment in the P.E. ratio. So if the P.E. ratio is low, it's going to converge, go up over time to some long-term norm, it's going to come down. Interesting. So I used 46% earnings growth because 46% global nominal GDP growth is for global index. The dividend yield was 2.3. Yep. So you were getting a headwind of minus 1 to 2% on the P.E. converging tax system. Yep. So you ended up with... Very interesting strategy. He used this to determine if companies are undervalued. Wow. You don't have a lot of money. No, but now it's six and a half to nine because the dividend yield is up about a quarter point and the P.E. ratio Okay. Cash is king. He still likes cash, but he believes that equities are looking more and more attractive right now, so we're finding a bottom, guys. This is the time to buy. This is about the time to buy. This is about the time to buy. Okay, guys. Is your boy rich? Thank you for joining me on my drive here. Literally just pulling up to my crib and I might come live to you guys later. Depending on what's up. If there's any breaking news. Anything to talk about. I might just come live to you guys or I might do a video. Literally just pulling up to my crib right now, so... Thank you guys for joining me today. Like I said once again, I wish you guys a happy new year. Hope you guys are having amazing holidays.  If you don't have any family, then we're your family. You know? Join us. We'll be your family.  We're a unit, so... Thank you guys for everything. I appreciate all the support and, man, without you guys none of this is possible. It's true. It's true. Without you guys, none of this is possible. Like I said, I'm just an average guy trying to do above average things and thanks to you, the people, those above average...