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 Welcome all to another exciting edition of our trading hour with me And of course as always My mic is low Well, we can't have that How's about that that a little better Way well, I don't know what to do about that at the moment I'm gonna hear his noise if I turn it up this loud. All I hear is the echo and the air conditioner So I do not know See that doesn't help Hopefully that helps Anyway, uh, eight seven seven nine two seven six six four eight See what else we have going on here today As we get to the markets Now we're down about 35 points on the S&P cash Of course, we down about 70 earlier We've been looking for fun buying to come in this afternoon. We talked about that on Friday we've got a lot of charts to look at and I think that's pretty much it there I'm not gonna spend a lot of time on other things because I do have so many charts to go through We're gonna try to get to them as much as possible and one of the reasons why is because I haven't had a chance to go through all of them yet and I want to get to them But that's about it. Of course all that matters is they're here at the appointed time And see what else we have I think that's about it. Why don't we just get into the charts early today because there's so much going on And we're looking at fun buying come in I did go long Yeah, an index position Earlier after lunch today, and I'm going to say I got it pretty much all the wood on the bat on it But uh, I can get imagine the great deal of fun buying is going to come in Yet today and no fun. Uh, no sound clip either Yeah, well, I took I had to you know, I had a problem Uh got hit by lightning this weekend Not me personally, but the computer system had a lot of stuff. Uh had to get replaced Uh before it was going on and that says it's on there Uh No sound clip that certainly is on I don't know about that Uh That was played again The following takes place between 2 p.m. And 3 p.m. Well, hopefully you heard that Yeah, we'll find out Still very faint. Well, we'll have to figure that out during the break. Um, anyway, we're gonna go to the charts already and We'll see what's going on. Anyway, a lot of charts out here. And even though I'm faint I am not fainting And we'll look and see what's going on In the charts, uh, American Airlines group was the uh One of the ones we talked about on friday getting into the previous low. That was the june 17th low Uh, you came into 11 dollars and 93 cents that had 56 million shares Um, but on thursday 37 million shares and actually kind of moving up So some of these stocks have kind of come back. They had some gaps Um, you've got two gaps in American Airlines. I'd wait for the third one But uh, not acting all that kind of weak Um other things going on here Let's see Let's see. Does that do any good? Does that doesn't do any good here? Okay Um How about that Does that bring me up anymore? That sounds a little bit better, but I hear a lot of background noise Yep Yeah, that helps. Okay Anyway, we're looking at uh as many of these stocks today as we can Um wanted to see some of these that were bottoming out a b c d a b c d No a b c b I knew I was going to do that. Um, American bank corp, uh, a low of $39.59 with 800 000 shares Tested on april 26 was 600 000 shares came into it with just a little bit more 750 000 shares But a lot of these things look like they're at least coming close I'm going to put that one on probably just a little bit too much volume for now In the list of stuff that we have today first majestic silver Is uh I mean, there's a lot of gold stocks out here on the light volume of previous lows So a g May 12th $7.23 14 million shares hit that with 5.7 million shares on friday today. You got about 6.7 So there isn't a lot of juice on these going through the lows Uh other stocks of interest, uh umbrella Um Also fairly low. Let's just go to the last two out here The uh june 16th low 64 69 650 000 shares you had 425 000 shares on friday today. You're down with 267 So far So Maybe there's a little bit bigger push in the smh's out here But uh looking low amplitude we talked about this one with uh tim ord last week and uh He doesn't have a lot of juice, but it does have a fairly decent Low out here may 12 13 64 cents with one and a quarter million shares came into it on Wednesday of last week with just 750 000 shares So if you live in lutes, that's a reduction of 500 000 shares On a 1.25 million share low um, you've had some kind of Moves out here, but uh generally you're going to get a nice bounce and again I didn't go along the saying mostly because the energy on the way down was a little stronger, but uh Yeah, if you were short some of these stocks, uh, and uh, you're a big white cough trader like mine Are like me you start seeing these kinds of uh Big signals and let's see what we have here Okay Okay, let me say i'm sounding better in the dead now Okay, now what else do we have here? Oh, we're going to go back. We got time for one more before the break. We do a q st and yes, uh This is me doing what I do a couple times a year and that is when we have a lot of stocks That are showing light volume We talk about it on the show because that's generally the best signals that you can get Uh, a q st. You don't know much about this inquisitive therapeutics biotech 1.3 million shares that was on june 21st got into it with uh 600 000 shares on friday nice little bounce out here not much volume Yeah, it's a biotech. So i'm going to take it off my list When we come back a u Time of booming inflation. We are purchasing powers eroded. 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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 at 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 the path of least resistance at tfnn educating investors Are you looking for a way to consistently add winning trades to your portfolio? Tom o'brien is here to help Tom o'brien has been successfully trading markets for over 30 years A frequent contributor to TD Ameritrade network and CNBC Tom o'brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the market's open to give you the competitive informational edge you need to succeed These newsletters are packed full of tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get tom o'brien's newsletter market insights today And try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors toll free at 1-877-927-6648 internationally at<PHONE_NUMBER> As we come back as we said a lot of these stocks out here In the gold metals energy all down Not a lot of juice so far. We'll see whether or not anybody sees anything I'm looking for a push up to maybe 3815 Today and by the end of the week probably just under 4,000 on the s&p cash So we'll see how that goes and of course fund buying generally starts coming in right about now And of course the markup phase And I'm going to say one o'clock is generally noon one o'clock is when they start it and they start turning that knob up to the 11 setting But we shall see<PHONE_NUMBER> we'll check out the Inbox Uh, okay Hey Yes, we did get my 11 Or my 1775 Okay And they delivered something to my door during the break. I'll have to go out and look at there Uh, let me get through the rest of my mail make sure that we have anything Okay new tools there that Okay a couple more Yeah, we'll get to those two before the show is over. Okay. Uh, anyway, um Anglo assente you could kind of make a case that this is the expansion on the way down the abc um, and on the on the uh Yeah, let's do this See we can move that down Yeah If this is the abc is $12 79 cents So you'd have a little bit farther to go the good thing is you don't have a lot of volume Other stocks that we're out here testing lows on lighter volume is umana gold We've got about 14 million shares into a four Into a 23 million share low from back on may 11th So you want to watch that uh come into the close you want something Like 16 million you're getting a little high in that right now ax ta another one Breaking through some previous lows this one actually having a little bit Uh more volume, but today not much of anything 1.2 million shares going into a Uh 2.7 million shares ax ta is assembled on that. Let's turn these off for a second uh bac Um, a lot of doji's in this thing over the last little bit Uh, certainly, uh, you want to be looking for the high volume low And you know 61 million shares 80 million shares somewhere in there Uh, you had a nice reversal day with 80 million shares So the last three days 46 million shares friday 40 million shares today just 26 million shares So the question is whether these things bounce back into the trading range over the next couple of days I don't see a lot of reasons to be a hero And of course if your name is billy you especially don't want to be a hero Uh brook dale senior living because we're all going to god's waiting room soon enough uh and This actually looking kind of interesting out here 3 million shares back at four dollars 44 cents 3.2 million shares actually got about 1.1 million shares now now that's uh Right now four dollars seven. Yeah four dollars 57 cents and that gets you back into the trading range um You know if you're got to be in the real estate part of the sector that one may actually bottom first Okay Uh BP wanted to see how some of these energies are doing now that they're breaking previous lows 13.7 million shares for BP that was on the uh june 23rd with almost 14 million shares You got 11.5 now. So yeah, you're probably going to break that low with more volume on the energy sector again, I think some of the uh supreme court rulings last week on regulations Mostly the war on energy here in domestic production Are going to have a tough time getting scrutiny and more than likely Um, they will uh be able to the government will have to prove the burden Instead of the energy companies in the upcoming lawsuits that i'm sure around here point of vista minds Yeah, this is an ad r but bvn's assemble out here He had 1.6 million shares back on may 12th And the last three days as you've gone underneath it a little less than a million Uh friday 870 000 today you got 1.1 So you want to watch that and the close if you close back above $6 and 84 cents without Going above that volume and ideally you'd want it to actually uh be very light I'd be back in it again banks All kind of dancing around these lows $45 40 cents on may 12th for city group With 36 million shares friday had 16 million shares today just 12.5 million shares And it looks to me although you pierced the low 45 40 got to 44 80 Yeah, 44 93 this morning all right now you're at 46 uh 14 and Actually came down on a little lighter volume And you've got a lighter you got a lighter volume Uh test today with uh 12 and a half million shares Um, but uh, you know, you could get a bounce back up to about 49 50 Uh, and uh, it doesn't look all that bad Uh<PHONE_NUMBER> Nothing like the spanish inquisition is there okay Clear or outdoor channel holding cco Yeah, what do we have? Okay, 1.1. Yeah, what's called 1.1 million shares? Uh, or no 1. What is that a dollar and eight? This is the penny stock I got he used to clear channel being a penny stock Uh, june 16th low at 1 million shares if you had like four days to go on sideways out here on light volume So if you're really interested in the pennies are trying to buy a non expiring Not a non expiring Option that would be interesting 1.88 million shares on clean spark Um, and this is dipped down on lighter volume four dollars and six cents clsk Okay What do you have 1.6 million shares 1.2 million shares friday 1.1 million shares Uh, you got below it. Now you're back into the trading range You could have a bounce into this one to this gap, which is in about five We'll be back in a minute If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30-day money back guarantee So you have nothing to lose every monday morning I published a gold report with coverage of gold silver bonds the xa u hui gdx as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com Don't miss out on the next great gold trade sign up today 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 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 traders 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 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 dollars 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 And we're going to continue going through the charts here today Ah, we're just off 23 points on the s and p cash And uh, yeah, I think probably going to go back to unchanged on the day So if you're one of my subscribers, I'm probably going to hold these calls just a little bit longer today Uh<PHONE_NUMBER> email me at path at tfnn.com, but we'll continue going through these charts Even the dogs out here um You know, maybe they can even bark uh coinbase global Uh from the bit con days June 13th 46 dollars 30 million shares got back into it with only 13 million shares And you're getting a little bit of a bounce today. I'm sure everybody and their dog is short Chart actually in the short term does not look that bad Okay And what else do we have? Of course, Sarah brought this up the other day a nice little pop on it Uh buck 30 Uh at uh $14.29 on june 14th You come back in with about 700 000 shares on june 30th You got a little bit of movement on friday a little bit more out here today Uh, but if you're a white cough style trader, this is what you do You go out and you look for previous lows on much lighter volume or significantly lighter volume and find them Uh crescent energy don't know a lot about this crg y Uh and uh certainly What do we have? Uh $11.69 730 000 shares. That's the december 22nd 2021 low Uh, so you're coming back into that today with 340 000 shares. So half the volume Again, this is where you start Uh, at least where I start into looking at equities and that is you want to pierce the previous low You want to do it on significantly lighter volume and you want to close back into that particular low Carpenter technology crs uh november 30th $26.51 $550 000 shares So far 330 000 shares Now you want that to close above 2651 So it's got another 60 cents to go sometimes that doesn't happen in the same day But it does give you a good indication that maybe everybody's a little too flat Of course there are gaming. I don't know if there's a whole lot in this one But there's certainly not a whole lot of volume The last major low was um may 12th with $13 and 4 cents on 1.8 million shares today You dipped into it. You're back into the trading range Uh, you did exactly what wycoff says you should do don't like the energy coming down a little bit Uh too much for me, but guess what if you are short this thing? It's time to amscrae at and lay Uh stage the left Uh to mergetroid But uh, that's it 1.8 million shares to 300 000 shares today Okay, what else do we have? Um Chevron again, we were talking about energy stocks out here. This is it Uh, you broke the previous low. You're gonna close back in it I don't know if this thing turns around really significantly before the end of the summer But I suspect you're probably getting ready for the next big abc leg up in these energy stocks Uh June 30. I know June 23rd. He said dollar or not dollar 140 dollars and 15 cents with about 16 million shares. You got about half that today That's a pretty good sign that you're bottoming in chevron today. Uh dnn Which is denison mines again those whole sector kind of interesting if you're interested in penny stocks Kind of interesting made 12th low at 98 cents with 15 million shares Today you've pierced that you need to close back above 98 cents right now. You're 96 cents So you'd have another couple pennies, but uh Yeah, you got about 10 million shares. You may make it. You may not A docusign as we take a look at these Um actually made its low a little bit earlier. Let me see here Did we get a low here? Yeah Uh big low at $7 73. Yeah, excuse me at $55 96 cents That's the june 16th low 7.7 million shares Uh, you had a low at about 5 million shares a couple days ago Up on lighter volume today. So this one may need a bit more consolidation, but it's trying to make some lows Uh devon energy and other one of these energy stocks. It needs to close above $52 25 cents that had almost 14 million shares You're into that with uh about 10 and a half million shares now that may Uh exceed that low. So you want to keep an eye on it? expatriore Uh a nice low and I don't think there's any way you're going to blow out the low on volume June 24th at $10 5 cents $3 No, $10 and 5 cents Uh 3.3 million shares into it today with 1.2 million shares. So you're not getting a lot there M core uh Yeah, m core em kr is a symbol on this one. Um bouncing around the previous low of $2 97 cents that had 800 000 shares You came down with a selling climax of June 17th and then rallied back higher with a big high volume Doji on June 24th. So that would be your target Uh, you come back down. You're back, uh on friday with 400 000 shares Uh today you got about 250 000 shares So as long as you stay in that range that looks like a fairly decent low You had a lot of energy on the way up and not so much on the way back down So we'll check in on that one throughout the next week Other stocks out here eose don't know much about this one, but certainly dollar stock. Let's find out what this thing does Okay Designs manufacturers and deploys battery storage solutions for utility and commercial and industrial and renewable energy Uh, not a whole lot here. I would love for it to have tested the one dollar low But the volume is so low out here. Um, I mean you came down with, uh, 38 million shares back on the 17th of may Uh, you bought them out on 10 million shares on may 20th You did rally to 220. You've kind of come back the energy been lighter I'd still want to test to that one dollar But if this thing kind of fools around tests a buck and it's still the volume is nothing Uh, you may get yet another bite at the apple on that one Uh, yeah, that's a black rock thing. I don't know about that Uh, okay Other stocks ever bridge. I know a lot of people talked about this one when it was the high flyer Uh, but yet another one down here on vapor 27 dollars 81 cents. That was uh, february 25th Uh, you had, uh, yeah 11 million shares um Thursday you had uh, uh, june 30th. You had 1 million shares at 27 10. So you've gone below it Uh, friday you had 700 000 shares today. You got 452 000 shares So not a lot of juice out here You needed to close above 27 to 81 and you're 28 76 Um, the only thing I just like if it comes down on more energy as this one did You may need some consolidation But uh, talk about vapor volume at the lows ever bridge Take a little bit stronger look on this one over the next couple of days be back 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 727 329 83 22 or email us at tiger at tfnn.com. That's 727 329 83 22 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 funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz As we said we've been looking for fun buying. I said in the den that I should it should be called fun buying As we take a ride along for profits and ill gotten gains On the show a question from john about where i'm thinking this thing goes I think 380 on the spies is kind of the low of the day From here on out. We'll see what happens the next Hour, but my guess is we're probably seeing a little bit of short selling now a lot of people are not going to buy it And those folks will probably blink before the end of the day options kind of point to About another now about 1950 or so excuse me 1950 To 3950 or so by friday and you know, that's 150 points It's not that big a deal a little bit of a short squeeze that may set up the next ABC on the way down, but I don't see a lot of volume Or there's enough stocks out here the with light volume that we can hang on eight seven seven nine two seven six six four eight is the number and of course I don't know what you're doing right now, but uh, you may look up you may look down You may actually be sitting and uh, you can feel your feet on the floor You can feel the air conditioning blow on your face And you're going to think I need to buy some tiger dollars your last chance to do that And of course, I've got two newsletters and the art of the charts, which i'm showing you here Which is set up to do exactly what I do, which is y cough style trading E x k Endeavor silver Actually, it looks better than the rest of the gold sectors You got two things on this three dollars and six cents May 10th With four million four point three million shares you got about three million shares so far so you could do that Uh, you got right now three bucks. You need 306 or above Uh to act in the y cough tradition But you've got the energy down about 15 percent Maybe 20 and about 15 percent on the way back on endeavor silver So we've got that, uh, but you need to close and maybe it doesn't happen till tomorrow or something, but uh Interesting lows Ford motor you can have any color as long as it's black And of course everybody will always tell you that the Model t only came in black And that is untrue the first three years It came in colors, but why did it come in black? Because the war started and they needed all those pigments to make a camouflage for all the ships at sea So, uh, then it went to black and they thought hey, you know, this is not a bad idea We only have one color here that we have to worry about so why don't we just do it all in black? Yeah, yeah, that's what we'll do. We'll do it all in black. Anyway, uh, you pierced the low on ford motor today That was $10.90 from june 17th. That had 80 million shares You got too much volume today and energy was more on the way back down It's gonna be more, uh, but you're closing back into the trading range Which is a positive for the market not a positive to go long ford motor franken Reality trust a, uh, light volume test of the june 14th low $12.94 with 1.6 million shares and Fbrt if you're a home gamer not watching on the screen $12.95 so you came within a penny today And you're doing it on about a fourth of the volume now. Here's what I love about this one The energy was half On the way back down On what it was on the way up So you want to I don't know a lot about this reality trust fbrt where it is what it does Uh, but uh, not a lot of sellers If you're short to saying this is the screaming signal to get out if you're thinking about going long And it's uh, that's tough That's tough in real estate, but It looks the best of the bunch eight seven seven nine two seven six six four eight Five below Now here was the one that I probably should have acted on at the morning just because you had two doji's last week Uh, you got into the low of may 24th. That was 110 83 that had 1.8 million shares Uh, you came into it on thursday with 1.1 friday 800 000 shares now today Uh, you dip below it you you came back in it and man, is it taken off to the races? You got a gap about 132 Uh, that's where resistance is going to start coming in so making money Uh in a bear market, uh, is certainly possible flow serve another one that looks interesting I would have liked it to come down a little Lighter energy the last couple of days the last week kind of picked up today though You're getting that I came within a dime of the june Uh 17th low that's 27 31 Uh with one and a half million shares With 400 000 shares and you're closing back into the trading range So investigate that company a little bit more if we find some kind of low for the summer or low for the year This week, uh, you want to be looking at these stocks Again, uh, other stocks out here that of interest franco nevada This one had a big low on may 18th. That was uh, 13287 with 1.1 million shares Thursday you got into it with this 680 000 shares friday 500 000 shares Today you're into it with 562 What you don't have is a close back above 13287 The wycoff way Otherwise known as the way trademark copyright Don't don't fold or mutilate or anything else Says that you want to wait until this closes back into the trading range 13287 on that mark It's time to hop back in if you're feeling froggy on franco nevada. See what I did there<PHONE_NUMBER> Okay, we've got more things out here what do we have? Please show your gdx chart, okay Gdx Okay, it looks to me like you're to to finishing Uh, the end of an abc on the way down 2180 Yeah, 2158 So you could have a little bit farther to go Um, if this is an abc on the way down, I'm not so sure that this is isn't testing previous lows You really needed to blow through Uh, the b point Which was uh, let's just get this up here Uh You needed to blow through the b point, which is this may 12th low that had 36 million shares And you really never got it. This is a very low volume push down now on friday at 30 million shares Today you're down on 18 But this looks kind of like the jaws shark and that was uh He went down on one barrel. Well, then he went down on two barrels Uh, but mr. Quig thought that there was no way he could stay down on three Of course, he popped back up So, uh, don't see a signal yet But I do like the light volume except the uh Big volume on friday, which looks like a lot of people parked their cash and go back Vista gold owns and operates the largest undeveloped gold project in australia mount todd gold project Vista gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista gold has all major permits approved and has retained c i b c capital market assistance in evaluating alternatives and in completing an accretive transaction Vista gold trades on the nyse american and tsx under the ticker symbol v g z Vista gold executing a strategy to create shareholder value 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 in stock prices Get the opening call newsletter by basal chapman in your inbox every day First time subscribers also get a 30 day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe You'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis After all, he's got 45 years experience as a day trader larry will also provide daily charts Videos and data on the key markets that he's tracking Expect notifications from larry on market movement 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 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 tiger's 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 Catch tom o'brien professional trader and educator founder of tfnn also a special guest on cnbc Tom will bisect and dissect the markets The tom o'brien show next on tfnn And an email here sandy says, uh, thanks for your play today On the spies, uh, we bought them for a buck 50 and out for five dollars already We're kind of chickens here. We're not going to hold on to the clothes But still a huge huge move Thanks again, and of course you could use your tiger dollars if you buy them today uh to get uh copious amounts of gains From some of my option plays and others today. I know some of the people went longer Uh into fridays clothes because they can't play expiring options on the day But uh, hey, that's one way to one reason to find a broker that takes those But uh, yep, uh, things have been acting just about the way that they're supposed to um previous to The previous 150 years of stock market history Opposed to the last 10 years of the fed Mocking about the markets are back To the way that they've worked before Uh a question about uh two doji's uh in a row Uh, generally doji's at highs tell you one thing and that is somebody's right underneath there Uh holding the stock up and selling at highs at the lows pretty good indication that any kind of lower tick Is bought there's somebody with a uh buy Right underneath whatever the price of the stock is now not always there But what you do is as soon as you start seeing uh something like that Either move down or move up from those doji's when you get a bunch of them in a row Uh, that's telling you that there's probably a seller at the top And of course, uh, you've got uh other things going on at the lows Uh, anyway, uh, that's about it. Uh


talk about like the normal low-speed control motion control stages typically like you know some kind of application so some small motion that you need in the lab kind of a level to add just some optics or some some kind of some like normal motion stages I would say microscope we are observing something and you need to move like no under microscope some things okay so it was kind of a motion stages like no you typically will have make use of a screw or rack and pinion kind of arrangements okay so wherever you feel like no there is a bad reliability possibility then like no you will go for the screw arrangement okay and rack and pinion are those other kind of drive arrangements can be prepared where there is a back drivability is not an issue okay so we don't want system to be back drivable then like no you use screw because screws typically even designed properly the screw helix angle for some certain helix angles that are designed on the screws it will not be back drivable otherwise I mean you see that your car jack for example okay so you raise like no that's you tighten the screw and the car is raised up now see if it it has been if the helix angle or that screw is not properly designed then you know more more even if you tighten it like after some time like no the system is going to kind of you know get practically one by the weight of the car itself and it will start rotating in a policy direction and you lose the you lose the purpose of the jack okay so screw jacks would be designed to have a non back drivability kind of arrangement so you you drive and like no the system stays there it is not getting back driven by the weight of the car itself okay that is a kind of a concept of back drivability here so now let's see how do we can take care of these alignment or rather misalignment with the screw axis with the with the guide axis okay so see some part of this we have seen while doing like no CD-ROM example we have seen the guide there one car one rod is complete guide another rod is not so like no completely kind of adding okay so that is taking care of some kind of a misalignment of the two rods guiding rods in the system now if you have a screw in addition okay so the screw axis will have some kind of a direction for the motion and then with respect to guide axis you need to make sure the screw axis is aligned and guide also needs to have like no two places it needs to be guided the system cannot be guided only on one side you know for the reasons that it is not fully constrained then okay so you need to have typically two guiding places for the for the motion for the linear motion to happen and along now along with that you have now the screw arrangement that is going to be there so how do you think like this system can be what kind of arrangement can be done to take care of this issue how this misalignment when you are driving with the screw is taken care of okay so think about think about that and we'll talk about that in a while now and and other issue that that one can think you see it's like no how to get like no low resolution or large range again here when you are using some kind of a screw kind of a drive to get low resolution I mean extremely like no your resolution I mean the resolution should be high in actually low resolution is not a correct word to use here is a high resolution means like you need a very tight motion tolerances here you want to kind of move maybe say 5 micron 10 micron okay and you need to have that over the large range you want to kind of like maintain that kind of a high resolution yeah how do you get get that when the screw drive means there typically when you see the screw car jack kind of a stuff those screws would it be helpful in here okay or any kind of screw you might have seen okay screw and a nut arrangement you imagine okay you have a nut and screw arrangement and like no you see how loosely the nut moves on the screw and if you just hold the screw tight and move the nut in the actual direction okay then you'll find that there is some kind of a play that will happen okay so you have a screw and a nut together and then you just move it and like no you'll see that there is a play that can happen there so under this scenario like no you you will again need some kind of a backlash prevention so this is like a backlash element right you move in one direction and it touches one side of the screw threads and in the other direction other side of the screw threads but now we do we we have this screw as a complete you know circular screw there and the nut also is a complete circular nut so how can we we think of the some of the ideas that we had with the CD-ROM screw okay in the CD-ROM screw you remember like we had these two stuffs which were kind of pressing against the screw now we have say single nut okay what we can do so you might guess that okay look you need to have some kind of a preload somewhere like you know some kind of a you know the loading of the of the screw nut against the screw and should happen somehow okay so if that is happening then like no I'll have this application going good okay and that's precisely he's done see if you if you just use stubs here stubs kind of a thing for the screw then this may have a load bearing capacity will be reduced okay with those small stubs like no may not be able to carry a very large load if you want to drive daily a good you know load when you move the screw typically so imagine like no in the in the again the car jack you cannot have stubs which are holding the screw there I know that's that kind of a weight of the car can be cannot be taken by just small some stubs which are up there in fact in there like no your screw will have many many more threads engaged at a time okay rather than only single thread engage at a time single or two engage at a time okay so we want this total circular kind of a engagement to happen but still we want to kind of do some kind of a you know preloading of the screw so how do we do that okay so let's see some actual motion and of the state systems this is one of the motion state systems from this company called Howlmark okay so if you open up this okay so this is a screw we can see this like a you have a micrometer screw gauge kind of a screw there and it is pushing this this stage okay on which you can mount whatever things that you want to move and as I tighten this screw like you know this this will push this stage but then like no this engagement here the the screw threads are in this piece okay and then the stage is just guided in the linear fashion here by some bearings up here and here there are two side guides here for the for the screw as we open up we'll see in these details but the screw is in here okay so screw is not attached to the stage okay so that is how like no one can say that okay the guides axis and the screw axis is made free so this this screw axis screw is just touching up here okay so we can you can open up and see here okay this is a screw here the screw has no the the threads are in this piece okay and then this is a screw okay and the screw has this small kind of a you know piece that is coming out and touching and pushing this this up like no upper stage this is the upper stage and you can see these two little springs here the springs are like no tensioned and like no they they're attached to this bottom piece bottom piece is where like no here this assume this screw is assembled on the bottom piece here so when you tension these springs and attach it to the bottom piece like no the the there is a relative kind of a pull between this top and the bottom piece in this direction okay and this screw is is actually preventing that pull to happen okay so as I tighten the screw I'll I'll I'll push this more and more and like the pushing force is going to get increased because the springs are getting tensioned more and more okay and as I like no loosen the screw I mean push it then the spring is moving the stage okay the screw is just like no releasing the the position of of the the head screw head relatively okay so the screw is head position is moved relatively and then the the stage gets pushed by the springs will like no which are pretensioned here this is how like no you create this preload in the system and like no move the system such that the motion happens in both the directions so the push is active motion by the screw but pull is happening here because of the springs that is how the things happen so what are what are the problems for such an arrangement you can imagine and see that you know that okay if I have a force which is much more than the spring force okay at any point then in the in the appropriate direction in the direction say in this case like no against like no the like against losing the contact or in the direction of losing the contact between the screw and where it touches so the place where it touches is somewhere like no on this somewhere here okay so you see this little kind of a pin or some some something here this is very hard surface on which like no this this head will be touching so um so there's this if I apply a force in the in this direction then their touch will be lost okay I'm my by my force so there is no active thread engagement which will hold it firmly there okay that okay all these force is applied and it goes against some threads to and the threads will take a bit and like no not allow us to move as that kind of a thing will not happen so this will allow that motion to happen if that force is much higher depending upon application what where you want to use you need to think about carefully about the whether this is okay for your application or not and take a decision take a call about that uh what little things that you see here are basically the bearings there's one there are these two bearings on on on each side or maybe many more maybe on one on each side and then like no there is this uh guide which will have these bearings put there and there will be some kind of a small adjustment for these guide rods these are guide rods which are kind of like placed here in some cavity and those guide rods will have like no some kind of adjusting grub screws that are put inside this piece okay so those adjusting grub screws will kind of like no make sure that the both sides are aligned to each other okay so that there is no jam in the in the bearings so that that some kind of a skilled operation needs to be done initially to engage these two together and make sure that you know these bearings are guiding in such a way that for entire motion there is no jam that is happening and there is no play that is happening also that kind of a skilled operation needs to be done to begin with because now here we have we don't have full guide on one side and like you know half guide on the other side that arrangement could also have been made here possibility is there but here that has like you know the weight load bearing capacity will be lesser in that case load bearing capacity in such a kind of a guides is better typically but then like you know it comes at a cost of doing this additional adjustment of these both the side guides such that there is no jamming that will happen as you would kind of imagine otherwise if these are not like aligned properly you know then there is a possibility of jamming that will happen for the stage okay so so this is like you know typically the arrangement for the motion stages now we want to kind of see so as as you see here like you know as I move more and more okay the springs are getting stretched more and more then like you know the amount of force in the springs will increase as they stretch more and more so which is not really desirable right I mean that then that means like you know I'm I'm kind of restricted to a small range of motions with these kind of stages I cannot move a very large motion because my spring is going to apply a very large force at one end and you know relatively smaller force at the other end of the stage and that's how like the force will vary along the length of the stage so for that I'll need to do something okay so think of what arrangement can we do to get rid of this issue that okay large range even if I move whatever large range I want to move this problem will not bother me but I still have like you know some arrangement for you know the misalignment of the axis of the screw and guide axis okay the guide axis will be adjusted by these guides in some way so the guide axis will be defined by the guides and now in this case if you see the screw axis if it is even if it is the guide axis is like no tilted with respect to the screw axis it's not going to create a major issue okay because so because there is a relative kind of first sidewise motion that will happen at this contact point okay so contact point way is is so as a titan and like you know the guides supposed to go in the in one kind of tilted direction and then screw is going other direction but since there is no firm engagement of the screw there is only like no pushing contact there the push can be kind of move slightly on the surface of the of these you know things that is getting pushed okay so there is a relative sidewise motion that can be possible between the the surface that is getting pushed the stage that is getting pushed and the screw motion so that's how like you know this alignment misalignment problem is taken care of and then backlash problem is taken care of by the spring but what problem I invite by using this is like you know if I have to kind of if I want to go for larger range I'll the spring force will increase tremendously high and I'll need more kind of a effort to move against you know in the larger force of the spring and typically if I have a motor to drive this then the motor will have will see this differential load like okay depending upon the position of the stage I'll have a load that I need to apply because the friction will change at different points so these are the kind of typically drop back so nothing is free if you want to take care of the backlash you put some load preload then like know the load on the motor is going to increase more the preload like no better kind of a system you may get but that much more kind of a torque or friction torque that man has to overcome to drive my system okay now so these are the kind of like no issues that come up and like no this is a way things could be designed to get get them working so you can think like no how do you achieve larger kind of designs and if you have some kind of ideas thought then like no you can move on from from there okay you can pause again at this point and then let's move on so so this is like now an arrangement for the larger kind of a range positioning without having now these two big kind of springs there so you see this in this element again like no this is opened up stage what you observe here is this is not cage here this is not like a single single single nut I'll show you what is there inside in a minute but this is some kind of arrangement here so imagine that okay this had been only the nut okay there's no some kind of arrangement this is just like a nut here and then the top there are four screws which are like no attached to this stage that moves on the surface and then there are these guide rod here and guide rail here these are two guide rails here and here and they'll have some kind of you know limit switches that they have put here for like knowing the limits of the things so that you can turn off the motor so this is already motor mounted here this is motor driven stuff that is you can see here that is a flexible coupling and then all these arrangement is there so when it is assembled it looks like this when it is opened like you know the top stage is always these bearings are open then like no you you get this kind of a view okay and then there is a screws typically these screws are with very fine threads so the fine threads mean that they'll not be pack drivable and for a for a large motion of the rotation you'll get very small motion of the screw so that it will have a very high you know positioning accuracy can be possible okay so for one step of the motor you'll get a very tiny motion that is happening for the for the stage given that like you know we don't have a backlash issues and given that we don't have a misalignment issue so see this axis of this screw and the guide axis again there might be possibility that okay they may get small misalignment and then you'll see that the screw will get jammed in no time if there is no special arrangement that is done inside this so think about what can arrangement can be there inside these to take care of these two problems one is like a backlash another is like a your misalignment of the guide axis and the screw axis and if you open up further you'll get this everything now so you see this is a part here and then this is a part here opened up like inside that this is a nut okay so this is only the nut and then this is some kind of a cage around the nut okay so this cage has this typical construction like okay is a C kind of a cage and inside there is a there is a hole here and there is a hole on the other side and nut is slanted inside and now you can imagine so now you can imagine if this axis of the screw and axis of the guide has small misalignment or small tilt okay then this screw is going to move inside the cage but the cage is attached to the top thing which is guided so the cage is guided by these two side rails which is attached to this this piece here which is a stage motion stage which is guided by these two side guys so the axis of this is like you know this cage is moving along one axis and then this is moving along another axis and then there is a relative motion that is created between these two because this is just sliding inside this okay so this is the arrangement that is made to make sure that you know your misalignment of this axis is taken care of and then you see small little kind of a holes here okay these holes like you know if you see carefully I mean I mean they are not there here but you can imagine that these holes like no one can put springs there when you are put springs in these holes here there they are like no pressed against this top so I have to kind of really push this and put springs in pre compression to align the whole of the nut to the whole of the cage to kind of get the screw inside the nut okay so that will make sure that you know I have some kind of a pre-loading of the screw done okay so so nut with respect to screw is getting pre-loaded on the on the surface and whether the nut is here or here or here or here any position I put put this cage the spring load is not going to change right so this is how like no one takes care of like giving the solving the problem of misalignment also and having now we have removed those big springs that were causing less you know the the increase of the force okay so this is how like the things are done here okay so maybe it's a good point we can pause here and we have so these are more kind of pictures that you can see for this arrangement of the guide so so you can see that here 45 degree cuts made in the guides and then like the the small little boy bearings that are actually the cylindrical rollers which are put inside these to make sure that is added and then there are some kind of adjustment screws that are provided at the back here for the for the alignment of both the guides to be done okay so so so we can kind of pause here for the for the discussion and then like no we'll we'll discuss more in the in the other class but these are kind of a summer some salient features or summary of things that that are that we have learned today okay so for removing backlash you do some kind of arrangement for removing like maintaining the parallel axis motion with the with the misalignment problem is taken care of by some kind of arrangement so so one can do this kind of one like no designs thinking and effect like no the the design in such a way that you don't have to do a lot of treasury in control domain okay so these are like no all these kind of things are done to make sure like no you have no paints in like no motion actually having the motion and also you will have a little bit of ease in in driving the systems in the in the electronics domain and i would like to think i'd like you to think about okay now what is the cost that we are paying for putting the spring loading things in the on the electronics side okay so think about that


Good afternoon Today I am sad to report House Republicans again Failed to deliver on a budget agreement Over the last several months. I have been flexible I have been patient as they have repeatedly failed to agree amongst themselves on to how they're going to approach the budget House Republicans continue to prolong and delay the debate over the means to pay for the programs they themselves Voted to pass overwhelmingly in June They have worked tirelessly to block a severance tax at the expense of finishing the budget process months ago in February I proposed a budget that balanced and it balanced by implementing more than two billion dollars in cuts in Savings in efficiencies and relying on a severance tax in closing loopholes I proposed this budget to begin a conversation on what I thought was a common ground. I was optimistic Despite the historically divided government big conservative and very conserved big and very conservative Republican majorities and a Democratic governor We were making real progress. I thought we had made strides on many issues over the last year and a half Working together. We legalized medical marijuana. We legalized We legalized medical marijuana. We instituted meaningful liquor reform for the first time since prohibition We invested in education at all levels at historic levels We have a fair funding formula some sort of measures to combat heroin opioid epidemic in Pennsylvania Pension reform that had been at the top of the Republican leader to do list for decades Yet I a Democratic governor with Republican majorities in both houses in the both house and the Senate brought it across the finish line But despite these efforts despite these indications of our ability to work together One thing has become abundantly clear too many Republicans in the legislature are more focused on the 2018 elections than on helping Pennsylvania succeed. They'd rather see me fail than Pennsylvania succeed they'd rather protect special interests They'd rather protect lobbyists and campaign donors than do the right thing. I'm not going to play their games anymore So I'm drawing a line in a sand Yesterday just yesterday. They said they could not pass their own House Republican proposal to lift the exemption on commercial storage Now their proposal to tax hotels has too failed The fairest and simplest solution to this challenge would have been and still is to replace these taxes with a severance tax It would produce the same amount and It's widely supported. This is the thing that severance tax is widely supported throughout the Commonwealth and among bipartisan Legislators and that was evidenced just a few months ago by the responsible action taken by the Senate It's common sense Pennsylvania is the only major gas producing state in the nation without a severance tax The house could still put this in and we could still have a vote this week to get this done Doing this would bring together a budget with ideas from all caucuses and from the administration The House Republicans had every opportunity to put a balanced budget on my desk and they have continuously failed So in the absence of a compromise revenue plan getting to my desk I'm taking action on my own to manage our state's finances I'm going to take immediate steps to address the deficit first I'm going to initiate plans to securitize the cash payments from our state's liquor system That's going to raise 1.25 billion dollars to pay off nearly all of our prior year deficit and Significantly reduce the need for additional temporary borrowing to pay our bills The liquor control board sent 210 million dollars into the general fund last year Far in excess of the annual amount necessary to make payments on this loan This would be structured similarly to the Republicans plan using tobacco settlement funds Additionally, I will take steps to do best of my ability to manage the compliment and Continue to find ways to streamline government services that do not harm Pennsylvania's and in fact make Pennsylvania's services to Pennsylvania's better. I will also look for other assets in the state to monetize Doing all this will put the Commonwealth in the best position possible to protect funding for schools For senior programs for hospitals along with investments in our roads and bridges Again things that we all voted for back in June. This is not the outcome. I wanted let's be clear The House Republican foot dragging has led to one credit downgrade already and warnings of more That means the Republicans in the house by virtue of their inaction and this is really important have handed every single Pennsylvania taxpayer a tax increase All so special interests don't to have to pay their fair share It means that every entity within the Commonwealth that has the Commonwealth's backing will have to pay higher interest rates That affects school districts. It affects townships. It affects cities. It affects boroughs It affects counties as well as the Commonwealth Now we'll all have to pay more just to get the same This is not just irresponsible. It's hypocritical The very folks who have proclaimed themselves the protectors of the taxpayers hard-earned money Have blithely reached into the pockets of those same taxpayers I've had enough of the games in February I presented a balanced budget with no broad-based taxes and more than two billion dollars in cuts savings and efficiencies It funded schools it funded senior programs and hospitals it held our commitment to create jobs But in the time since my budget speech house Republicans have again proven themselves incapable of completing their constitutional duty And so I'm going to manage the finances of the Commonwealth until the house sees fit to do what it's supposed to do I will make sure we protect education. I will make sure we protect our seniors I will continue to do what we need to do to combat the opioid epidemic And I will continue to do everything I can to create good-paying jobs and attract good businesses to the Commonwealth Again, this is not the way government is supposed to work But I have to make sure that Pennsylvanians are not hurt And so I'm going to have to act to protect investments that we all made earlier this year in Pennsylvania Any questions? Yes? Managing the compliment. What does that mean? Are you going to lay people off? If no just by attrition just for example There are 1600 fewer People working in the executive branch now than there were back in December just through attrition the turnover is that great? So I will continue to work with agency executives agency heads to manage the compliment so that we're actually doing what we can to streamline government. Yes Yeah We're We haven't negotiated yet But just as an example over a 20-year period amortization with 4% interest it would be about 85 to 87 million dollars a year We last year we got 210 million dollars so 85 is less than 210 million dollars and we could capitalize the first-year payment So if you want details on how that would work again We haven't negotiated it yet and we'll have to see the price will vary as to whether it's callable non-callable all kinds of things But just as a general thing. Yeah First of all the the tobacco settlement fund securitization, I mean, it's it's something that that we could do I have a problem with that because there are programs that that Tobacco settlement fund actually funds and that would be You know we'd have a problem sustaining that if we did that so this seems to be something that that is not going to Have the impact that securitizing the tobacco settlement fund would have Yeah, I'm fine with I'm Fine with with what I'm saying is that I'm tired of waiting. It's over three months and I've been getting working with them negotiating with them and We have agreements with with four of the five parties here We've gotten to the point where we've actually said, you know I called meetings over the weekend of the leaders of the Senate and the House and We're all saying, you know, what is it that you want to do and and they can't even get the vote so far for the things They've said they have called now. This is the third time They said we can't get the votes for proposals that that we're making This does not for clothes on anything that they wanted. I'm just saying I'm tired of waiting It's been waited over three months and and I'm not giving up on this process I'm just saying Pennsylvanians need some certainty in this process We can't keep waiting for for a proposal that may come out of the Republicans in the house that they seem so far to be unable to deliver Any time any time any time any time they want to do this I'm not doing breaks on anything I'm managing with what I have to the best of my ability if we actually had recurring revenue If we actually get recurring revenue like a severance tax for example That's gonna make it easier to do the things that we need to do to do that But in the absence of that I am going to have to manage I can't sit here and just wait for something that over a three-month period has yet to appear despite Promises yeah That's right. Well, that's a good point I have been managing this but I've been managing it with the expectation that the Republicans in the house would deliver on the promises They made again the Senate Republic is delivered on the promises. They made And I was expecting the same thing from people with whom Shaking hands and looking them in the eye and getting promises But I just can't do that anymore So I'm gonna I'm gonna manage this and and there will be some some things that are gonna be harder to do in the Absence of that recurring revenue. I can't tell you exactly what those things are But the basic things that we committed ourselves to back in June protecting education at all levels protecting seniors Protecting jobs and trying to create more jobs and and doing what we need to do to keep Pennsylvania in the forefront of the opioid epidemic Inviting that epidemic. I'm going to continue to do everything in my power to address those those issues Maybe you had a question Or What spending freezes are you talking about I'm I'm hoping to do what I need to do to make sure that schools get what they need the human service organizations get what they need That we go forward with what we agreed to do in in the budget back in in June again I'm gonna see a lot of that depends on how revenues come in The general assembly has authorized spending of money And I am now by default the one who has to manage whatever revenues come in with what we have in place To make sure that we end up with a balanced budget and what I'm saying here is I am committed to doing that How much that that impinges on when some some of the things in that that appropriations budget? I don't know yet But it would be a lot better if we had the budget revenue To pay for the budget that we agreed to in June. Yes I'm looking at everything I need to do to balance this budget and manage the taxpayers Fund here that's that's what I'm going to do and I did that in business. I'm going to do it here. Yeah I You're talking talk to the treasurer about this and whether your yes We didn't get into that conversation But but I gave him a heads up that I was coming out and doing this and he thought that was a good thing But he can speak for himself. Yes Yeah, let me because this is not this is not a discreet plan that is Separate and apart from what what I would do to manage this if I had The revenues that were enshrined in in my proposal in the Senate proposal in the different proposals that came from the Republican leadership in the house that they haven't gotten a vote for It just means that given Less that's going to come in I'm going to still try to to manage this process if at any point in time They come up with with a budget proposal that passes muster in the Senate That that I can I can sign on to yeah, I will I will Move to that because that's going to give me the the revenues that I need That I'd like to have to make sure that all these things are protected in the absence of that I'm going to do the best I can Yeah What we are part I think I think the the the problem is that that we know about $500,000,000 of recurring revenue Recurring revenue not one-time Transfers not something that says next year. We're gonna have to be back here talking about the same thing We need recurring revenue and and again, that's why I propose the severance tax That's recurring revenue that every other gas producing state in the United States has we don't have it here But recurring revenue would really Plug that hole again keep in mind of the three billion dollar deficit that we started this year with I plugged over two billion of that With savings and streamlining and again just the the the cut in the attrition in in the Compliment employees the number of employees 1600 fewer employees. That's worth about 150 to 200 million dollars each year That's recurring So I will continue to do do that kind of thing and I think that's but I still needed some recurring revenue the Senate I didn't agree that wasn't that's I mean that wasn't what I proposed but I could agree to it It was a compromise what came out of the Senate Back in in July The same kind of thing is is what what we need and it's not a matter of a couple dollars It's a matter of recurring real recurring revenue so that we can finally get our arms around this budget deficit This will close it Could you be more specific about the look in your eyes shake your hand promises. What were those promises and who broke them? Well, we had the first one was was on a severance tax. The second one was on the Exemption removal the exemption the elimination of the exemption for commercial storage That was a House Republican idea. Then we had one came out late last night I think actually was reported out of the rules committee on a hotel tax So then then we heard earlier today that they don't have the the votes for that No one billion two hundred and fifty million dollars But we need to raise we think we need that that's what would have been raised by the tobacco securitization, too Yes It's a 20 year amortization But again, we haven't negotiated this Charlie I'm just giving you an illustration of what at a 20 year period at 4% interest It was about 85 to 87 million dollars a year and we'd capitalized the first year The last question The liquor control board actually I don't have the ability to do that liquor control board does so I've spoken with Tim Holden the chairman Holden And and he didn't seem to think that would be a problem, so I'm making this Announcement the assumption that that he will do what he said he was going to do Well, that's that's a the state related Penn State University of Pittsburgh temple and Lincoln University That's called a non-preferred Appropriations that's sitting in the house of representatives that has not gotten to my desk I'm assuming that if it does get to my desk They will put the revenues in to pay for that 647 million dollar price tag that would cost to do this But again, if that comes to my desk without revenues, I'll try to figure out a way to do that But it makes it 647 million dollars harder to do Wait a minute Dennis Really As I said in my comments, I think it has everything to do with it I think a lot of people are playing politics here and They weren't last year and so we got a lot of things done the the from, you know Historic funding for education at all levels early childhood basic higher education to legalizing medical marijuana to pension reform that actually got A positive editorial reviews in the Wall Street Journal and the Washington Post when's the last time that ever happened We've we've addressed the opioid epidemic. I think in ways that most other states have not done So we've done a lot of things to get together And I think what's disappointing about this is for some reason that has stopped and I don't understand why it stopped Okay. Thank you very much


Pan, he's got to fling it back, however, this is very dangerous and well out of the goal. And somehow, still dying, still not back in there, but who just made that save? Dona Frio. Kyle Dona Frio, of all people, are you kidding me? DeFazio looks like he took the first shot down on the defensive end into the gut. He's down. He's still down. But then Tom Brown and Kyle Dona Frio hopped in that Dona Frio ends up with a save. I don't know if he gets credit for that. I don't.