The following is a presentation of TFNN The Trader's Edge with Steve Rhodes at 1-877-927-6648 or internationally at<PHONE_NUMBER>. The Trader's Edge now Steve Rhodes. Good afternoon and welcome to today's what is today today is the July 22nd. It's a magnificent Monday edition of today's Trader's Edge show. I'm your host Stevie Perseverance Rhodes who absolutely knows that each of us should always be pioneers of our future versus prisoners of our past. That's right. Hope everyone out there is having a great day. Let's have an extraordinary one. The easiest way to have an extraordinary day it's to always remember that life is happening for us, not to us. That's right. When you and I make that one little two by four shift means we can find the gift in every set of circumstance that life is going to toss at us. Today you and I we're going to go check on the circumstance of these markets. We're going to go figure out what the bulls and the bears what those buyers and sellers are communicating to you and I just passed one o'clock in the afternoon. I want you to know that I'm absolutely grateful for your presence here but more important than that during this next hour I'm here to serve you. So feel free to pick up that phone. You can dial in at<PHONE_NUMBER>. If you can't dial in, we've got you covered. You can always send me an email Steve at tfn.com inside that subject heading. Please put radio show question and please send it sooner than later. Now we don't have to worry so much about those internet service providers when that email gets to me. Of course in our Tigers Den, well any ping will do. So let's go ahead get this show started on Magnificent Magical Monday. Of course this is Tiger Financial News Network. I'm Steve Rhodes. Welcome to Lush Show. Right now we've got the Dow trading up a half a point. I trade out at 27154. It is green across the board. The leader out here has been the semiconductor index. Let's go take a look at it in a few moments. In fact last week we looked at it and said wouldn't generate a topping signal. The earliest topping signal would come this week. So we're going to go check in on that. Spotball Othildex is underneath the 50-day exponential moving average. It has tested and rejected that level. It's trading out right now at 1390. Gold is flat. Silver is anything but flat. It's up 23 cents or one and a half percent. Light sweet crude is up a buck. I'm sorry, it's up 60 cents or 1% to the upside. Natural gas is having a nice move out here up 3%. Lead that charges the upside beyond meat. What could be beyond meat out there? Well, it's up $19. Trading out at 196. That's 11% to the upside. Booking holdings up 17. The trade desk 12. Mercado Libre 9. Veil resorts up nearly 9 bucks. The downside it is innovative, industrial, something or other. Double IPR. That's straight down 8% or 10 bucks. Lennox. Not to be confused with Annie Lennox, but this is L. I. That's down 964 or 3.5%. HDFC bank. I don't have anything for that one, but it's 5% or $6 in change. So no, no request thus far, whether it's in the den by email, their lines, phone lines are open. Let's go take a look. Try to figure out what the markets are communicating to you and I. And what is communicating is we've got obviously some kind of bounce going on. As I take a look at the mini and not a real reason we take a look at it. I could use any time frame, any intraday time frame 30 minute, 15 minute, 20 minute, 60 minute, 120 minute, all the minutes that you could come up with and I could not identify on an intraday chart a bottoming pattern per se out there and per se in reality. What we can see is since the low that was made on Friday that if we just on a 30 minute time frame basis, if we just simply do a simple count out there, that's me waving at you, except on the charts, we go ahead and we find that lowest low and then we just start simply looking for higher. I don't want to say higher highs. Yeah, higher highs and once they stop creating higher highs and we go on and look for the next higher higher and that becomes our next count in this letter. This case here be you and I always like to because we love baseball. I think we love baseball. We look for that 7th inning stretch out here. That would be letter G. We've got this letter number F on my charter. In essence, numeral 6 if we're going to go ahead and paint that in there. Maybe it's going to be at that 7th wave when the s mini begins its next topping signal out here. No levels of support inside the yes many have been really bust. Well, they have not been busted through. They were tested earlier in the day earlier this morning when price pulled back to the bottom of its 30 minute bullish structured profile. That was at the 29 point. That was at the 78 50 level. That was tagged at about. Well, let's see what time think around 10 or so when was it 11 o'clock off by an hour. So at 11 o'clock that push lower ran into support. That support has held says we should see a higher high. More likely than not higher than what we've seen here interday where that's going to hold up going into the close. I don't know really been just kind of a surprising move inside of the s mini out there. We take a look at the NQ again we'll just stick here with the short term time frame charts. Well, I should go back and say, well, hold on a minute. I didn't see a bottom that formed and take a look at the intraday charts. Then obviously the next question out of your questions is well, well, Steve all that. What did cause the bottom out there? Now, I think that was a question that I wanted to answer that question. And that's very simple. There was support that was the daily support of its daily market profile. The bottom that market profile is 29 69 50. The actual low on Friday was 29 69 50. Now, you tell me how that works considering that that market profile was developed several days before that. How did that work? If you want to know how it works, go out and watch the YouTube videos by Stottelmeyer or read some of the books out there and you can understand the mechanics behind it. Of course, our friends over task market profiles improved his formula out there and improved and it works. Muy bueno very well. So we do know that support held on a daily time frame. Of course then if support held and on a daily time frame, what's the meaning of that? What's the meaning of that? What's the market out here? Well. Yes, many as you know, because we took a look at this last week, we know that the yes, many generated a topping pattern. Now the requirement of this topping pattern here. This is the rose one indicator signals. One of those requirements was some type of bullish or BAM sorry, bearish reversal signal. In this case the sellers at that stage when they get the cell pattern is to go down and test support. Well, they did that on Friday and it held. But that pattern that's in play that called that top is still in play. It'll remain in play. The only way that that could possibly change would be a close above the top of that profile and that's at that 3023 50 and even if that happens out there, what we could see is wave number seven letter G. We were just kind of looking at that on that potential pattern exists, but first you've got Stevie's green line that's around the 3006 area out there. That's really where price would need to close above to say I'm going to make a run for another for another 15, 16, 17, 18 points up to the 3023 level. We're not there just yet. We're trading in between support and really resistance at about the 3006 level inside the ES many as Steve Rhodes with TFNN. I want to hear from you Steve at TFNN.com just put radio show question in the comments subject area or give us call<PHONE_NUMBER> If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures and forex. Heated by Steve Dahl, TAS understands that in today's technological world the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. 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Welcome back folks so a couple questions that have come in one from Brian let me read that to you out here and Brian's message logical question out here and unfortunately I'm not going to be able to I'm going to answer it but I'm not going to be able to prove it so it's kind of like well okay so why are you going to answer it but Brian's question is this and many people have the same question says Steve do you think as I do that all these numbers work because enough traders watch and trade these numbers just like the Fibonacci numbers they become at least on a short term basis self-fulfilling prophecy I'm going to ask everybody in the den everybody in the den how many of you are using TAS market profiles you have it on your chart you're paying attention to those numbers or let's go several steps you can't hear me this is a problem can't hear me guys and the guys in the corporate office please turn on the speaker turn on the voice out here folks in the den cannot hear us please please do that there we go Mike is on now how about that we got it guys in the den can you hear me that's great okay good alright so now let me start over here so sorry for our folks in the YouTube audience but so here we go so Brian wrote a question good question out here I'm going to answer it as best I can but the problem is I can't prove my answer out here so here's Brian's question Brian's question goes like this Steve do you think because I had posed the question you know why did the market the yes many specifically stop at 29 6950 out there and Brian's question was do I think that all these numbers work because enough traders watch and trade these numbers for example such as like the Fibonacci numbers out there and they become at least a self-fulfilling prophecy first Brian if there was truth to that I would say okay use the .618 retracement level and just simply use that and traded blindly just do that you can't because they don't work if you do that you're going to do it with a paper account because what you'll clearly find out it doesn't always work like that how do I know I know because Brian I had that exact same question when I began becoming involved with understanding technical analysis out there the question I asked how many people in the Tigers then subscribe and have these task market profiles on their system very few when was the last time you saw somebody on CNBC technical analysts or fundamental analysts come out and say you know the yes many is likely to make its way down to the 296950 area because it's got a very structured profile out there and it may or may not find support at that level I've never heard anyone on CNBC do it I've never heard anyone on Bloomberg TV do it I've never heard anyone on Fox business news do it and even if everybody did there are so many different vehicles that trade out there that no again it can't be proved it can't be proved but here's what can be proved is these things work so beautifully well that for you and I we must use them or certainly I'm going to use them on my shows with you and inside the newsletter and provide subscribers with analysis as to where price is likely headed and the reasons why and so it really doesn't matter who's using these but the answer to your question is no I don't think that's why they work I don't think I just think that this is all numbers and so we use important numbers and profiles are developed one way and Stevie's green line red line is used another way out there and they just work the rose momentum indicator top it's got the top inside the ES many out here this pattern has been around forever actually I developed it the version of it that I use and I know that it is perceived it's been present before any type of 10% correction before any type of bear market every single time I want to save a single time I'm only going back to 1895 so that's as far back as in essence as I went in testing that out but doesn't mean that every time when it is present you're going to get a bear market but it is it is preset has preceded every single bear market that has ever existed inside the Dow so I you know as I say I can't I can only give you my inclination I can't I can't prove anything I can't prove anything I'll tell you what though I've been hanging around and around enough big boy traders as you put them in here running billions of dollars they're usually asking me what do I think the markets are doing out there these guys aren't really trading with these taz market profiles or steve's roads momentum indicator top and so on and so forth I it's not my experience Brian you know from all the different folks that I have encountered out here so I hope that answers your question as best as we can so let's go out to one of our first callers that is K Rico Steve how are you doing today Steve great I'm in the country right now but I'm leaving in six days to go back to working Costa Rica but I'm going to be self publishing our book in the next 40 days for sure that's great that's great so how's your visit been resting and organizing and doing more research on earthquakes and volcanoes then I am on trying to finish my book because Steve I'm very sincere about this I mean I'm worried about what's happening with the earthquakes that are coming west into east California upper area and there's a major major it's called the Diablo Canyon power plant nuclear plant and there's a major fault line right east of this plant and if the earthquakes coming west with all their energy should go into this Diablo Canyon power plant this could be the most horrendous disaster of all mankind and I just can't say it enough that they got to shut that plant down they just have to shut it down well there are there have been tons of earthquakes this year so it must be keeping you busy even the one this past weekend where we could go or so in Greece there was a fairly decent size earthquake there it depends on who's measuring it and what not and then the California quakes and there's hundreds and hundreds of I'll just call mini quakes that are happening in northern mid-California range and they had a 7.1 approximately what are we I think July 10th or so but my red flags are very seriously up for this Diablo Canyon because it's right there between two fault lines I mean it's just it's bad and they know better kind of amazing better that it needs to be shut down kind of amazing that they actually built a a nuclear power plant along a fault line or just in California period and then even hey I know you called you wanted to talk about energy anyways you want to talk about Detroit Edison or DT energy yeah trying to figure out that fault line and where that energy is going next because it's in a little holding pattern or maybe building steam the earnings report comes out Wednesday morning I always listen to how you know you guys talk about it takes a little breather it's maybe it's breathing right now so I'll let you talk to me please all right well look let's do this here I'll tell you what it is that I see we're about to go to commercial break a longer term trader on that but just let me have you ponder this so it did make a short term topping pattern inside of its weekly time frame chart and so when we come back from this breakout here we're going to talk about that the last time that these two specific patterns were present inside of Detroit Edison DTE was back in December of 2017 and led to a fairly healthy correction out there we'll take a look at the weekly chart DTE I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trade that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today the path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now's a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity 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the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including Gartley's 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 and months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're gonna 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 on the banner on the front page of TFNN.com Welcome back folks so we're on the line with K. Rico in Pompano Beach, K. as well as Costa Rica and we're taking a look at Detroit Edison out here DTE is the ticker symbol and what I was mentioning to K. Rico and you as well and you can watch us on Tiger TV and see the pattern there's really two topping patterns on a weekly profile on a weekly basis that we're going to take a look at. So we're going to take a look at the momentum indicator top that actually confirmed last week K. Rico was really confirmed twice out here was confirmed once week of June 28th had a big old bearish and gulping key reversal session and then last week we had the confirmation of a three river evening star out there so both those say that what this should do is pull back now the price level a natural pullback that would just simply be nothing more than just a test of support if price were to break below that then you're looking at maybe one 11 out there but the first level of key support should be about 122.55 out there I am not suggesting to you and your family members that you sell that right now even though with that topping pattern because I really believe that it would need to prove itself to us I mean you're in this at about a penny and it made it's all time high just a six seven eight trading sessions ago what when we take a look at a daily time frame chart this hasn't really even taken out a what I would call a key swing point yes it has traded below it is trading below the low from July 16th out there that was 128 59 actually it's right it's above it right now but I'm using the key swing point out here K. Rico is the hammer candle that is trading below the low from July 16th out there and so price for me would need to close below 126 18 on a long term basis for me to say okay and then I have to come back and say well you've got 126 18 a price close below that 122.55 where it last broke out that still may be where price would hold you know so that's what I see I don't see a on a monthly basis out here K. Rico you would need to close on a monthly base below 125 64 in order for me to say okay let me relook at it and see where price might fall back to and the daily time frame itself doesn't have any topping signal out here and so this could just be a sideways consolidation out here for Detroit Edison DTE so my recommendation at this stage is the patterns suggest that this can continue to pull back to a big one a la the earthquake that may or may not take place out in California is that okay good play our words so in the meantime I just got to go with the flow you know and I'm going to take it to sincere to figuring this out because I really I want to be able to focus deeply on the book and getting things really working with the marketing and everything that I hope will come from the book and the political party that's going to spring out of the book okay well I think you stay with this until you see support thank you you know I still think this is headed to the 137 ish range out there 138 at a minimum at a minimum but that doesn't mean that I can't pull back first alright my friend thank you bet always good to hear from you and I'm going to go back to you and I'm going to bring those calls back to Costa Rica let's go to Jerry in Boston Jerry thanks for calling thanks for holding how are you today. Thank you. Yeah I'm interested in safe balkers SB. Yeah so tell me what you're doing and how I can help are you trying to get in are you in. No I mean I'm in I bought some of the dollar 40 dollars and I think what I want to say all of the sales are based on the Baltimore BDI Baltimore Baltic dry index. Yeah which is just exploded the last time the Baltic dry index with this price stock was at about a seven or eight and I would tempted to take profits you know you get a 50% gain in a few weeks but you know with the Baltic dry index going up. I'm thinking I should stay with it I was almost going with buying more. So Jerry so now you you're going from taking profits and selling to buying more let me see if we can help you out here and figure out which side of that which side of that trade you should be leaning towards first when you you've been watching this for a while and kudos for you for watching it for a while then you know there's that reason to go ahead and take that trade off when you entered into this and I use the word trade I use that loosely you know was this what was your what was your thinking and I don't mean that a negative way I mean so what were you thinking when you entered this trade was this was this possibly a longer term trade is this you know well I thought the Baltimore Baltic dry index would go from to about 15 or 1600 very even point is 1400 and so that it would go into the positive earnings territory now the damn index has jumped over 2000 and I think I understand why because iron ore mines are coming back on that had gotten destroyed in Brazil and also they have a new guidelines for next year and I think a bunch of the dry ships are shutting down because they have to put in this new equipment to cut back on pollution and so you accidentally have increasing demand and decreasing supply and so I mean I'm suddenly thinking this thing might go to 3 or 4 or 5 can you get the Baltic dry on your screens I don't have it I'm sorry to say that again I'm not sure what the Baltic dry index is let's do one thing at a time here let's first stay with safe balkers out here and because the worst advice that I've ever heard out there are the folks that say buy low and sell high you want to sell tops and buy bottoms those are two different things out there and so the question that you should be posing to me is do I see a market profile that I am inside ticker symbol SB so let's take a look at so here's what we first know and take a look at these three time frame charts we use our task market profiles and we look at daily weekly monthly I even have quarterly up on my screen on the very right hand panel those would be the red horizontal lines out there now these these market profiles if we consider our charts to be on the right hand side there are a lot of chains out there on the football field in this case here once you're beyond the first down you know it's going to continue to run until it sees a new profile level a new chains out there or the play is still underway on a daily time frame SB the player still underway they're still running the ball because Friday price got above 210 that was the first down price got above 172 several weeks ago that was the resistance level for it and now we take a look at what's going on a monthly basis we can see that staying above 217 we don't know how the month will end doesn't end today's what the 22nd so not until next Wednesday Thursday whenever the 31st is out there as long as pray closes over 217 this says it wants to continue to run higher we're going to a breakout here but when we come back we're going to look at some of the other charts with you will try to identify any kind of potential topping signal but right now I think you need to get the BDI I think you'll see what I'm talking about okay this is an extraordinary move in the Baltic dry index alright we'll be back in just a few folks we'll be back in just a minute if you're in a CD market and looking for a secure investment the Tiger First the first one is the biggest investment in the past few years in the years in the last few years the tax act of 2018 set up tax free zones across the country where you can build and hold for ten years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the interest paid is 6,200 over the four-year period that same $50,000 investment in the Tiger First mortgage program would give you 3,500 per year or 14,000 over the four years what should you prefer 6,200 or 14,000 of interest on your investment if you'd like more information about the Tiger First mortgage program you can call me at<PHONE_NUMBER> that's<PHONE_NUMBER> if you haven't been waiting for all of the TFNN newsletters are informative up-to-date affordable and a must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks, bonds, metals commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors biotech is booming but for how long whether you think the biotech bull has run 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taking a look at the safe bulkers SB is a ticker symbol we're doing that with Jerry in Boston so Jerry let me go through this with you one at a time if we take a look at the daily time frame chart out here what you and I are going to notice is prices beginning to rise and do with less relative energy out there when that happens my my charts will automatically draw those lines this is how markets can make tops and can make bottoms for example SB made its bottom with that exact same pattern way back in March of May February no it was March of yeah March of this year out here this pattern cannot go into effect unless we see some type of bearish reversal signal by the way the pattern can go away because it can get enough relative strength to just simply negate it it just says let's pay attention or you should pay attention even if you do get a bearish reversal candle price would likely only pull back to 210 or 208 so it may not be a reason to sell that's assuming that we see some type of bullish reversal signal if we don't then we take a look at the weekly time frame chart and when price cleared 191 that was where the draw that's where SB on a weekly basis had previously broken down that really communicated to you that there is a in effect of change in trend on a weekly basis the next area where price broke down on a weekly base was $2.75 on a weekly charts I don't see anything here to suggest that that is not where it's headed to so the next price target for you is 275 as far as the weekly time frame chart is what it's suggesting to you and I if we look at the monthly time frame out here it's really trading in between support and resistance resistance in the long term it's $4.13 it's a solid green line going across my screen another pattern when markets make tops and bottoms they can do with this TD setup 9 count that's how it actually bottomed back in 2016 and if we just simply it was bar number 8 2016 hopefully you're able to watch on Tiger TV you'll see the tool you'll see the chart that we're using often times when prices also can make a top or bottom they do with that 7th inning stretch that is wave number 7 or it's letter G that is exactly where SB topped back in March let me get the actual that was in March of 20 second here March of 2018 and it pulled back right to where price had broken out on a monthly time frame right around a $1.17 didn't actually get down to $1.17 but close enough for us so this suggests on the bigger picture that price is trading between $1.17 and $4.13 out there if you're concerned then there's one great way that you can go ahead and play this to the long term and that is I don't know how many shares you bought I don't need to know how many shares you bought take your principal off the table just go sell enough shares to get your principal back and then you have free shares Jerry and then you can let this thing ride but right now I don't see a top in place inside of SB I could not pull up the last time the Baltic X was at this price was 2014 yeah but and I can't pull up that chart unfortunately I would venture to say if we go back and we take a look at that you and I will be able to find a topping pattern so we would be able to very likely find a topping pattern no different than what you and I are doing right now and that's why I say I don't see a topping signal here and that's why for me I would stay with the trade hey thank you very much you bet my pleasure you bet that was Jerry in Boston let's get to we have a several questions that have come in by e-mail see if we can get to all of them the first one from Scott in New Mexico and Scott is asking the question about the Great British Pound US dollar and let me pull up those charts I will go read his question out here but the question basically is do I still expect are the charts still is that it right there no where did I put that give me a second here my apology trying to do two things at once I usually can chew gum and do charts at the same time so Jerry's question Scott's question my apology says do you still see much lower price in the Great British Pound US dollar here's what we know Scott if we take a look at the if we take a look at the monthly timeframe chart out here just going to do this wave count on the way down it wasn't here where was it let's get back to what we know first what I'm trying to do is try to find a bottom out here bottom pattern so here let me do this so here from this high so three or four days ago we got that wave number seven on the way down let me give you the exact date of that Scott that was on the trading session of July 17th out there so that seventh inning stretch that wave number G we always pay attention to that because it can be the identification of top or bottom in this case here a bottom now what price is not done on a daily timeframe out here Scott is close above the top of its current bearish structured profile it would need to close above 1.2606 and that would then say a counter trend rally up to where it previously broke down and that would be at the price point of 1.2735 so you're asking do I still see lower price right now I see price trading in between this range of the low from July whatever was 17 I believe was the day out here and maybe a buck 26 to maybe 1.2735 that's what the daily timeframe chart is showing us price has also made its way down to the bottom of its quarterly market profile that was at 1.2337 so price would need to get below that close below that trade below that that then take us all the way back to the 1985 lows out here so we pull this back that gets you into the range of about oh I don't know around a buck 05 1.052 out there so we're going to answer your question this way do I still see it going lower right now in the short term this is giving us a bottoming signal but this doesn't mean that it's bottomed and you should buy it and it's going to the moon that is not what I see out here when I take a look at the Great British pound US dollar I hope that helps answer your question Mark writes in and says can I take a look at the GDX and tell you what I think I think you ought to be really careful I think Mark from Colorado you need to be Moy Grande careful out here what is it that I see when I take a look at the GDX look I don't see a topping pattern that is confirmed that is for sure so I'm going to answer this thing totally 100% objectively but what we can see is that price is pushing higher and doing a less relative strength out there and should you receive some type of bearish reversal candle here Mark that would be an indication of a top now the reality is inside the GDX it wouldn't confirm a change in trend you're printing out right now at 2823 until you get a close below 2551 that's pretty significant out there so here's the deal and I do mean it's a deal out here hey if we take a look at the weekly chart you're now in week 9 of the TD setup 9 count by the way when the GDX formed its bottom on a weekly basis Mark it was back during the week of September 14th 2018 and what had preceded that low bar number 9 of the TD setup 9 count yeah tops or bottoms will occur on bars 8 9 or the bar following 9 you're going to take place I don't make this stuff up these patterns work these patterns are something that we pay attention to the reason Mark that you must be careful out here is gold has given us all kinds of topping signals for every single time frame now what do I mean every single time frame I mean daily I mean weekly and I mean monthly just be careful just move your stop Steve Rhodes with TFNM we'll be right back with another episode of visiting TFNM.com it's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th 2002 when gold was trading at under $300 per ounce gold peaked at more than $1900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers with a listing of coverage of the XAU HUI GDX, The Dollar, Bonds, South African RAND as well as 25 different mining equities with specific buy sell recommendations as of April 1st of this year the gold report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade new subscribers get 30 day money back guarantee so you have nothing to risk for all the details and to start your new gold report visit the front page of TFNN.com don't let gold's next big run pass you by sign up today you know what's cool taking something that's good for you something specifically formulated to help with weight loss, better sleep, stress reduction and the need to detox Nicar hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins minerals and nutrients our bodies need to stay healthy and strong it includes a special blend of ionic oil based vitamins minerals fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right page they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by nico and page of living a primal lifestyle buy it today for just eighty nine dollars click on the primal edge banner on the front page of tfnn.com this is david white stay tuned because coming up next is the power trading hour right here on tfnn welcome back folks so two more questions that have come in let's see if we can get to those before the end of the show the first one coming in from tim tim wants us to take a look at the qqq series etf tim i know you're asking for you know what is it doing out here i'm going to do that by taking a look at the nq let me give you some numbers to pay attention to out here the primary number is really going to be seventy nine seventy five sixty five the q's maybe headed up there that's the top of its bare structured profile out here in order for it to do that at first has to get up to steve's red line at seventy nine forty out there seventy and forty maybe the extent of the bounce out here there is a topping pattern a three drive to a top pattern that is in play even if the q's go on and make a slightly higher high that'll get to wave number seven out of the letter g which as we've seen by looking at other charts that too can be a topping signal out here no change in trend yet in order for the q's to confirm a change in trend they must close below support that would either be the bottom of its daily box is seventy seven ninety four or it's really it's breakout or its last previous breakout which was seventy seven forty three so we're really kind of i would say neutral at the moment you've got a topping pattern you haven't broken out the bottoms out here and that's what i see going on inside of the n q's out there john writes in wants to take a look at says hey what do we see with regard to t what do i expect for tbt i would say tbt doesn't get a chance to really get rolling until price maybe moves just a tad higher you see there's also a topping pattern inside the u.s. treasury bonds a thirty year out here gave you the roads momentum indicator top when i had that big old bear sash candle that formed price did break and close below the daily profile out there that lasted for two days a new profile has formed prices above the top there and so the key level of resistance john in the nessence that would be for tbt because i would be shorting a thirty year treasury does we need to see a rejection of about the one fifty five twenty five ish level out there that's what i see when i take a look at tbt based on looking at its underlying instrument the thirty year treasury folks thanks much for being here on magnificent monday have a marvelous afternoon stay tuned your favorite polar bear david whites up next tom o bryan three to five i'll be back with you on terrific tuesday thanks again for being here


Well, in the wake of the Boxing Day celebration, fansik has have thronged various beaches to mark the day. Plus, TV crew spoke to some of them who expressed hope for the forthcoming year.  Exactly how it was done in the Bible, yeah. When Jesus Christ was born, the baby Jesus, the following day, the three wise men went to give him gifts, which is the main essence of Boxing Day. Well, I'm very happy. I'm excited because we are all here to get out of the family. It's been long that we went out together like this, so it's just really exciting. Despite the COVID and all the hurdles that come with it, we're able to, you know, stay alive to witness today. I mean, it's a tune of joy and we give all the credits to God. So we come to celebrate like because life is worth all about celebration. I'm so happy. I'm enjoying myself and I'm here with my family and it's really, really amazing. Every good do I feel. I'm happy. I'm happy. I pray next year gets better. Yeah. It's not been easy, but we are glad we are able to see this year's X-mas. So I'm happy. I'm hoping for greater things. I mean, what we could not achieve in the previous years because of, you know, the pandemic. I believe next year will be a year of recovery and also exploit. So whatever, so many of us have dreams of and goals. We have our programs, those that want to travel to different countries and all that. But because of the COVID restrictions of movement and all that, we're not able to explore it. I believe in 2022. I mean, so many countries are easing their lockdown and greater opportunities, business opportunities that enhance better living and all that. Hopefully by that next year, the project will start at this year. Like, I mean to fashion design and they are all over. I can't wait to graduate next year. So hopefully by that 2022, everything will have solidified. Hello. Hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.


And then when you guys get in there, you know, once you take contact, I'll be afraid of y'all communicate with each other.


Welcome back, everyone, to our special Silicon Angle presentation with Dhruva's live event here in Palo Alto. I'm John Furrier. Our next segment is about the $80 million in funding topic. And I'm here with Mahesh Patel, CFO of Dhruva, and Jeff Pars Co-Founder, General Partner of Riverwood Capital, the investor who put it all together with Mahesh. Thank you for coming on. Appreciate it. Let's talk about the $80 million. A lot of cabbage, as we say. So talk about what's going on with the funding. Well, we're a late-stage company. We have established a product market fit, over 4,000 customers, 40 petabytes managed in the cloud. But a real differentiated product, the way we attack the market. And the data protection landscape is evolving fast. And we believe that we have the right products out there to go capitalize on this. Just to get the numbers down, what round is this? And how much total raise have you guys done? Well, we really call it a late-stage round, because just the nomenclature round, what round is it? KBC. It changes the round. So it's a growth round. It's a growth round for us. So it's what we believe in a very late-stage round for us. We believe it's the right amount of capital to carry us forward. It's really about the opportunities that are ahead of us. When we think about what we've executed on thus far, we've had an amazing journey. But our best is ahead of us. So we have the tipping point. We cloud adoption, especially in infrastructure management and backup. And we play really well, and our new product sets are showing very strong progress. So really, our best is ahead of us with this capital. We're going to be able to capitalize on some market. So are you guys looking for capital or just come together opportunistically? How to, honestly, validate the market with the new next generation? True to cloud platform, also you've got to do some more development. But are you guys seeking financing or have this all come together? Well, it really validates, again, it validates what we've been building. And we really think this is opportunistic for us, because we've seen this as a great market for us. We've executed it at accelerating revenue, accelerating building growth. With the cloud adoption, we've continued to evolve. But we recognize at this point, at this journey, the additional capital allows us to get to the next stage, next level. And really, with a partner like Riverwood to join us, not only with the capital, but the domain experience they bring to the table, it was the right partnership to carry us forward. Jeff, what did you see in Druva? Obviously, you do a lot of investment in companies that have been in over a billion dollars in valuation. You had a great pedigree of deals you guys are involved in. What about Druva was attractive to you from a financial investment standpoint? Yeah, thanks for the compliment, by the way. I would probably remark on three things, John. The first thing we look for in companies like this is really a very large market opportunity. And when you think about the secondary storage market, I think it's actually one of the larger markets that has yet to be really, truly disrupted by the cloud. And Druva certainly at the forefront of that. And so with that leadership position and that sort of obvious mega-trend, I think there's a great growth opportunity for the company. The second thing I'd say is, as part of our due diligence, we really check an extensive customer call background check. And what we found there is really to a T that every customer is not only happy with what Druva is providing, but really, I think, have a significant expansion opportunity there. And that's a great validation. And really, lastly, is the management team. We certainly look to partner with these companies and really with the teams that we're backing. And between Jespreet and Mahesh and the team, I think we're really quite excited about partnering with the Druva team. It's interesting you mentioned about grilling the customers for the references as you do due diligence, which is what all investors do. You guys are hardcore, sounds like you're disciplined to go see that all the way through. On the customer journey segment, we had the customers drilling Druva pretty hard. So it's all kind of, all those due diligence. It's a new space. I mean, you're not new to this area. You're also on the board of Nutanix. They do primary storage. You mentioned secondary storage. Was there help there having a visibility into what Nutanix was doing and then it was within the secondary storage and the difference between them? Well, certainly we've been long time investors in the infrastructure space generally. And certainly our involvement in Nutanix has given us a great front row seat at some of the major enterprise infrastructure transitions. And that certainly informs our view about the secondary storage market and the opportunity that Druva has. What's next for Druva? What are you guys going to do with the cash? Are you going to do an exit? Is that being discussed? I mean, take us through how you see Druva unfolding. Well, it's been a fantastic journey so far. I'd say we executed amazingly over the last few years and continued to execute with its accelerating revenue growth as well. And we built out a global sales team servicing over 20 countries at this point. We are near cash flow positive at this point. And frankly, we have an amazing set of customers to capitalize on further. Really what we've done with the new Druva Cloud Platform bringing it to the table, this additional capital allows us to really take this forward. And we really think that we're in the early stages of a long game ahead of us. So we're really excited about where this capital is going to take us. And you're watching the cash, making sure it's going in the right spot. You got your investor there. You got to keep them happy. Absolutely, absolutely. Congratulations guys. This has been great exposure to the data transformation as you put it. Appreciate it. Great disruption in data protection, secondary storage, great market opportunity. The stakes are high and the best product, great management team and the ones who have the technology chops for centralizing the cloud operation to make it happen. Thanks to you guys for participating in this special event. Thanks for watching everyone. Thanks John.


My name is Jan Rockström. I'm a professor in Global Sustainability Science at Stockholm University and I'm the director of the Stockholm Resilience Centre, an incoming director of the Potsdam Institute of Climate Impact Research in Germany. We're an academic institution advancing interdisciplinary science for global sustainability and transformations to a sustainable future embedded in the recognition that the biosphere and ecosystems is the fundament for all our human well-being and the recognition that now that we're entering a more turbulent future on planet Earth having embarked into and created our own geological epoch, the Anthropocene, where we are putting so much pressure on all facets of the environment that we have to build resilience, the capacity to both avoid crossing tipping points, what we call persistence, but also to adapt and transform under changing conditions. So we advance interdisciplinary science of how we can be better stewards of the biosphere from local ecosystems to the planet, but also finding practical strategies for that that builds resilience for development.


Adana municipality sent an urgent request to IOM to respond to the crisis that had been caused by heavy rains in certain areas of Adana. Öğrenler nerede senin? 10's belonging to seasonal agriculture workers got really damaged by the floods and all their belongings were really destroyed. Çamur'un içinde elbisemiz yok, yatağımız yok, sergimiz yok, alia ıslandı. IOM Field Staff went to the field to visit and register the families in affected tents. Then the municipality arranged the transportation for registered families from their tents to IOM distribution site. Turkish and Syrian families received cash assistance in closed envelopes. At this situation IOM opted for cash distribution because it was the most flexible way to provide relief in such an urgent situation. We would feel thankful to have an an help from someone in our community.


Hi, everybody. Happy Sunday. I'm Joe for jaspyscasebrace.com coming at you with 2021 Bowman Chrome Baseball. This is a 12 box HTA Choice Edition. Pick your team number 17. This is the one where it's just three cards per pack, three autos per pack, all card chip. Obviously, they're all autos. Chance to find some relic autos as well. Chance to find that Mike Trout guy. He's pretty good. And it's 12 boxes full case. Fresh case. So fresh and so clean. So here on Sunday the 27th, break 17. Thanks everybody for getting in. If you see a little rooftop next to your name, that means you won that in that filler that we did, the Mosaic Baseball Hobby Pack. Der Gordon ended up with Last Bot Mojo with my Dodgers. That's way as the star next to his name, 70% of the time Last Bot Mojo hits 100% of the time. So they say. So they say. So the rumor goes. Packed full of hits. All right. Three autographs per box on average. Obviously it's Bowman stuff. So we're, we're looking for prospects, future stars. We've got a little mellow redemption. Nice. You will use this blank card right here. All right. Good luck, ladies and gentlemen. Away we go. We're going to start off with Jesus Para for the brew crew. That's going to go to Nick, who won the Brewers in the filler. Next is Igai Rosario, 45 out of 100. Nice atomic refractor for the Friars. With San Diego. There you go, Tim. And we got green atomic Jose Baez. 78 out of 99. All right. First box in the books. Next box. All right. Viandell Peña. Bowman first autograph for Michael L. and Washington. Got the Nats in the filler. We got Juan Ten for the M's. That goes to Michael L. Got the Mariners straight up. And we've got a summer camp autograph. Reed Detmerz. 40 out of 100. Halos. Matt with the Angels. We got Michael Goldberg for Inku and the A's. Ezekiel Tovar. Colorado Rockies. Patrick. And purple Chrome Pablo Abreu. 53 out of 250. Another brewer for Nick T. And number 33 Prospect in the Brewers system recording fan graphs. We got JD Orr. Nick L. Marlins. And we got Kale Emshoff. Royals. Matthew F. with KC. And the Blue Mojo. Another Jose Baez. 002 out of 150. Cleveland Guardians. Matthew F. Cleveland. This is for you. I signed Young after his 16th birthday. My younger brother of Indians in Fielder Jose Ramirez. I didn't know that. Grew up in the same city that produced Miguel Tejada, Jose Bautista and Juan Uribe. Helchris Olivares. Colorado Rockies. Patrick. Number 11 Colorado Prospect. Corner Baseball America. We got Cohen Moreno. Dusty with the Cubbies. Number 18 Cubs Prospect. Another parallel here. We got Ching Young and Lou. 95 out of 150 for the Boston Red Sox. Jimmy Connell. One of the Red Sox in the Fielder. Gets the Lou autograph. Number 17 Prospect according to MLB.com. Number 17 Red Sox Prospect. We got Tanner Murray. First card off the box. Off the top of the box. That is Michael with the Rays. We got Edouarquai. Edouarquai. Fernandez. Brukru. Nick T. Sheriff's Hometown with Albert Pools and Marcel Ozuna. And back here is Carson Taylor. 320 out of 499 for my Dodgers. Derek Gordon bought the Dodgers straight up. And last spot mojo. Strikes again. See what he's about. Picked in the fourth round. Number 18 Collegiate Baseball All-American. Led Virginia Tech with 7 multi-hit games as a sophomore. And a fielding percentage of 997. Pote and Batsmith from both sides. A switch hitting catcher. Piles up walks. Reli strikes out. Operates gap to gap. Dependable backstop with superlative work ethic. Grandfather Jim McDonald played basketball at University of Kentucky. Did not strike out once his senior year of high school. Played while season of high school football. It's encouraging. If he's out of college. That means we might see him a little bit sooner rather than later. All right. Next half. A lot of autos to go. So keep those fingers crossed. We got Pedro Leone. First autograph out of the gate. Dan O. with Houston. Got H-town in the filler. Got some gold. Another Chi Young Lu. 24 out of 50. This time a little color on it. Jimmy and the Red Sox. Last one here is Luis Rodriguez. 408 out of 499. That's an excellent penmanship there. He's one of the bigger chases in this set. Derek Gordon with the refractor autograph. Luis Rodriguez. Should make his pro debut in 2021. Deem top Venezuelan prospect in the 2019 International Assigning class. Five-tool team, et cetera, et cetera. Nice. And I'm sure knowing the Dodgers organization, they'll probably start... It says outfielder on there, but knowing the Dodgers organization, they like their players being able to be flexible, positionless. Positionless basketball, I think is a term we've heard before. You might start hearing that more and more in baseball as well. Positionless baseball. All right. We got Miguel Blis. For Boston. Jimmy. We got Tucker Bradley. Kansas City. That'll be for Matthew F. and the Royals. And we got Angel Rendon. 29 out of 150. Blue Mojo. St. Louis. Michael L. with the Cardinals. Number 14, Cardinals prospect, Corné Baseball America. A little bit of green peeking down there. Ooh, now with Blis. Yeah, you called it. Jimmy, nice. Congrats. Nick Frazzo. Blue Bird. Steve Wright with Toronto. Gregory Santos for San Francisco. Michael L. again. With the Giants this time with the team that he won in the filler. And then the green atomic is Justin Martinez. 21 out of 99. Green atomic auto for the Snakes. Barry Roberts with the team that he won. Diamondbacks. Number 28, prospecting the Diamondbacks organization, Corné Baseball America. Three boxes to go. Reiner Santana for San Francisco. Another one from Michael. Shailen Polanco. Nine out of 75. This is one of the bigger names here too. Dusty with the Pittsburgh Pirates. Regarded as the number eight prospect in the international class. Third best outfield prospect per MLB.com. Let's see. He's a lefty, six foot, 170. Lefty throws left as well. Fits top of the order profile with plus speed and hand-eye coordination. Attacks pitches with loose, wristed swing, power potential, ground-eating defender with strong arm. All good things. And we've got a blue Cohen Moreno. 002 out of 150. Dusty with the Cubs as well. Number 18 prospect. Fifth round pick. Two boxes to go. We've got Taylor Dollard. Seattle Mariners. Michael Osia. Michael L. again. From Sherman Oaks. That's not too far from where we are. Maybe about no traffic. 30, 40 minute drive north. With traffic all day. There's Edie Kapp. Nice one for the fish. Nick L. with that one. And there's another Angel Rondon. 29 out of 99 green atomic refractor. Michael L. with St. Louis. Fingers crossed. The final three autographs. Thanks everybody for making this happen. Appreciate it. And good luck. Pedro Pineda. Oakland A's. That's in coup. With the athletics. There's Oselvis. Vasave. Texas Rangers. That'll be from Michael L. with the spot that he won. And the last one is another Miguel Lease. 223 out of 499. That is for Jimmy and the Red Sox. Won the Red Sox in that filler break. Got one earlier this time of refractor as well to add to the collection. Rated number 20 prospect in their international assigning class. Slaughtered at number 21 or number 7 outfielder on mlb.com. Top shelf athlete. Blend of blazing speed and impressive strength. Pole to pole power. That sounds all that. All that sounds good. Hales from the same hometown as Robinson Cano.  No randomizers. No nothing. Nice clean break. Picker team 17. Bowman Chrome Baseball 2021 edition. 12 box HGA choice in the books. I'm Joe for jaspyscasebrace.com. Thanks for watching. Thanks for breaking with us. That's a big hit. We'll see you next time for the next one. Bye bye.


Hi everybody, we're back. This is Dave Vellante, I'm with Wikibon.org. And I'm here with my co-host, Jeff Kelly, who is the lead big data data, now the data quality analyst at Wikibon. Jeff, of course, has done a great job. You've seen his manifesto. You've seen his market studies. And we've been covering this space, the cube, silicon angle, Wikibon. We've been covering this space for a number of years now. But what we haven't done, and the reason why we're so excited to be here at MIT is really focus on some of the challenging practitioner issues around data quality. And in particular, the role of the chief data officer, which is emerging as an increasingly important role, especially in data-driven organizations. Stuart Madnick is here. He's a professor of engineering systems at MIT's Sloan School of Management. Stuart, welcome to the cube. Thank you, pleasure to be here, meet you. Yeah, great to see you. Yesterday you gave a talk on the state of the CDO. I'm very familiar. Of course, with the Sloan School. For years, just got very much involved in a number of your activities. Some of the CFO conferences that you guys held. So you guys do a great job. I've been a big fan of the Sloan School for a number of years. So keep up the great work, I really appreciate it. Talk about the discussion that you gave yesterday. The keynote. Very good. Well, what I tried to do as a keynote we gave yesterday was talk first a little bit about the whole issue of big data, because that's been an important driving force in the emergence of the Chief Data Officer. And actually, I go back a little bit in history, as you mentioned, I've been around for a long time. So I go back several hundred years, and I use it as an example to kind of motivate it at the discovery of the microscope, which is actually discovered by accident. Turns out the inventor was a Dutch gentleman, and he was trying to build a way to measure the thread count in tightly packed woven thread. And one day he aimed the microscope at a drop of water, and he observed, gee, there are animals in that water. Now the reason I use that anadolp to motivate it, it's not that those animals had not been there for hundreds or thousands of millions of years. It's just we were never able to see them before. And one of the amazing things about big data in general, it's giving us the ability to see things that we never were able to see or understand before. And so that's the power of big data. It's obviously gotten a lot of excitement and hype, but also a fear of attraction in industry. And I also like to, pardon me, my voice has worked out yesterday quite a bit. I like to give some examples of kind of, I call, insights. Things like, one of the insights I call is, we can see what you're thinking, insight. And this is some work done by my colleague, Eric Bernelsen, he and one of his PhD students analyzed Google search data, and by using that was able to detect increases in housing prices or decreases in housing prices in major cities in the United States.  Well, several months before you move, assuming you wanna have a house, for example, you start shopping around, looking around. So by monitoring these results, we're able to kind of say, what are people thinking about doing in the future? And we're able to do all kinds of ways to anticipate what people are gonna do by observing things they're doing now to indicate what they're thinking about. So those are the kinds of examples of things that there was really no practical way that we could have done these things in the past. So you guys at Sloan School, you're very data driven. I've seen Eric's work in the past. You guys love to mine data. You take a bath and data, I say. And so, I like your attitude. A lot of times, we've heard this at this conference, people, of course we've heard big data, big deal, which Dat was on this morning talking about that. I love that line. And you guys have been doing data for a while, but there is something different about this so-called big data theme. A lot of people don't like that word, but with the web scale, it certainly feels new. And I think it is new. Examples that you're giving bring a new feel to it. But one of the things that we haven't seen is a hard connection between big data and data quality. And that's something that somebody out of the data quality community is going to naturally think about. So do you think about that and how do you think about that? Well, I think it's a very important issue is I often simplify by saying having a lot of data doesn't mean anything if it isn't very good. And so quality of data is very important. One of the misunderstandings I think some people have is that if you have enough data, then the fact that some of it is bad kind of washes out. And I'm sure there are cases where that does apply. But if you don't really understand your data, there can be systematic misunderstandings that can really distort it. And so we've been talking about this issue of data quality and understanding data for a long time. Let me give you a simple example if you don't mind. As you know, we're now working our way out of another housing crisis. We seem to go into housing crisis in this country every decade or two. Well, there's a story that goes back to the previous housing crisis. And there was a headline in the Boston Globe, the second most authoritative source of news besides you guys, that basically said, oh, good news, housing sales have dramatically increased. Well, how do they do that? This goes back a decade or so. So it wasn't really big, big data. But what they did, they went to the registry of deeds. And as you know, when a house is sold, a new deed is filed. And they may have counted how many deeds haven't filed that month. And it was significantly up over previous months and previous years. So the good news was more house being sold. The trouble was, is remember, when a bank repossesses your house, they take ownership and there's a new deed filed. What was really going on was the number of foreclosures was hitting an all-time high. Not that housing sales had increased. Now, the reason I mentioned that here is a simple example how you can have the data and the mathematics they did was perfectly correct. They added the numbers up correctly. But the way they interpreted what the data meant was totally wrong. And so that's why we believe that data quality is so fundamental. Understanding the data, understanding what it means, understanding the consequences is so critical. And unfortunately, it's vastly misunderstood. Well, so much of that is antithetical to what we hear in the big data world. Jeff and I and our colleagues, we travel around and we hear from these big data practitioners, these famous data scientists. And a lot of what they do is inference, it's sentiment, and it's very fuzzy. I feel like you and your colleagues are trying to really bring discipline to that fuzziness. The microscope is going back to that. So do you feel hopeful? What gives you hope that this new big data theme is not just going to overwhelm us with bad data? Well, that gives me a good opportunity to go into another recent project we have. One of the things we've been pushing in our own research group here is a notion of looking at big data, both bottom up and top down. I think a lot of what you're describing is I call the bottom up approach and looking at it. They just grind it and grind it and grind it and see what kind of bubbles up out of it. So one project we just are finishing now was looking at the London riots that took place about a year or so ago. And on the top down approach, we had a theory that we were exploring and the theory goes as follows. I'll try to say it quickly, is that in our heads, we have narratives, thoughts, a narrative might be the police are here to defend us. Another thought might be the police are here to oppress us. And in fact, we probably have all these thoughts kind of in our minds at the same time. So we did this project, we identified a number of important narratives related to the London riots, and then we tied that to the data feeds like Twitter's and C to see which of these narratives were being reinforced by the outside events. And we were able to take this modeling approach of looking at these narratives and how they have been flow and relate to reinforce or dissipate each other and the data and were able to basically forecast in retrospect, that is forecast the evolution of the London riots. So our belief is there are some things you probably can get out of just grinding the data. But we believe this combined top down bottom up approach, we have a theory of what's going on and then use the data to refine that theory is very important. And I think that's going to be the way of the future. NSA prism would be another great example. Any polarizing effect would be a great example. Well that's interesting because I think that's related to the question of correlation versus causation. And in the big data world, what we're hearing a lot of I guess big data evangelists say is big data doesn't really help you answer and so much the why, but what's happening? And in big data, I'm sorry, I forget his name but one of the correspondents for the economist, his book really focused on really it's the correlation that big data is focused on. It's the what rather than having a hypothesis and testing it. So you're suggesting that it's kind of, you need kind of a, as you said, an approach from both sides. And how do you practically make that happen when you've got such large data sets, myriad technologies you're trying to use, you've got different stakeholders. That could be a complex process I would imagine. How do you practically try to make that happen? Well first thing I want to just pick you back on a comment you mentioned I think is a very key one and that's the issue of correlation versus causality. I'm probably gonna get the joke wrong but there's a whole story about if you look at the size of a fire and the number of firemen at the fire, you notice that the more firemen you have, the bigger the fire is. And so the obvious conclusion is that firemen set fires and the more firemen you have, the bigger the fire you have. I apologize whoever first came up with that joke I'm sure I butchered a little bit but that's the challenge you have. A lot of times if you just grind the numbers the numbers are correct. Just like the numbers I mentioned regarding how say our deeds filed in Boston. But understanding what that really means, what is causing what to happen can does not pop out in fact and almost always gets hidden in those numbers. So that's why and once again I don't wanna be dogmatic. I'm sure there are situations where the numbers will be self revealing. So I'm not saying it doesn't happen but all too often you run into these problems of either causality not being well understood or the numbers give you a distorted result that doesn't make sense or conversely may make sense but incorrectly making sense. And that's why we think wherever possible if there is a fundamental theory that is much more solid so to speak, that's driving it and you can use the data to either A validate that theory or B in some sense parametize that theory. Another project we worked on just a few years back that's kind of related to this was that we were looking at using data and models combined to predict the stability and instability of countries. An interesting challenging issue. So there's whole bunch of things that I think it's hard to do with just the raw data alone but if you combine the raw data with some fundamental theories of how people, organizations or countries behave you can do a lot more. And that speaks to I think the required skill set in the data scientists or even to some extent chief data officer and people who work with data they've got to have the ability to crunch the numbers if you will, but in order to build those hypotheses you've got to have some domain knowledge and domain expertise. And once again, I can't, I don't want to be dogmatic about it because I'm sure there's many roads to success and probably equally many roads to failure but I don't want to kind of push exactly just said on that view because that's one that we think has been underappreciated and underexplored is combining the domain knowledge with the data analysis to get a lot more out of it. If you think about it, you know I used the analogy a minute ago of the microscope if you think much of what happened subsequently in medicine and biology came out of that those are fundamental theories over time. Now maybe the initial observations were just reading the thoughts or reading the animals in the water but there often are theories that lie behind it and one of the things we try to do with the data analysis is try to understand what are the underlying principles underlying theories that are driving these things. What about the role of the CDO? Talk about that a little bit. You've got some perspective there. You talked about that yesterday at the CDO event. Talk about what is a CDO? What makes, what are the characteristics and properties of a CDO? What's the history of that role? Sure. Well, a couple of things regarding the history. I forgot the precise here. I think around 2003 we've actually found the first recorded CDO. I think it was my Capital One organization. And then someone did a recent data mining experiment using LinkedIn, I've got the actual number but the number of CDOs this year compared to last year's up by a factor of five. So obviously there's something going on out there. But one of the things we wanted to do in our research here was try to understand kind of how to characterize CDOs. The same phenomenon you have with CIOs to some extent. There are lots of people in many organizations with that job title or that label on their business card but often do radically different things. And so we did a series of things. First we conducted a series of in-depth interviews. We had about 40 different either CDOs or people who we believe were doing CDO-like activities even though they may not currently have that job title and try to understand what they were doing and the outcome of that research, we came up with, I often use a joke, if you're at Harvard you use a two by two matrix. We're at MIT, we use three dimensions. I made this, we came up with three dimensions. And so the three dimensions we came up with these CDOs were as follows. The first dimension was we call directionality of a primary looking inward into their organization or outward by inward in mean of the primary looking for ways to improve the productivity, to reduce inventory, I'd be looking more at ways to improve the operational efficiency within the company or looking more outwardly in terms of marketing, how to expand the markets, how to build new products, kind of looking at the outside world. So one issue of the perspective are the directionality, logic inward or logic outward. That was one dimension. The second dimension may seem a little funny but you'll see why it's important is the kind of data they're looking at. Are they primarily looking at what I referred to as logic traditional types data. You know, maybe sales data, maybe inventory data and such. Or they're primarily looking at what they're called kind of Nuvo data. It could be things like Twitter feeds or social media or cell phone traffic or location based traffic and so on. The reason I say that is we might think of traditional data as being kind of traditional. I would argue most organizations have been able to get value out of a teeny portion of the information they already have. And so it's nothing wrong with trying to harvest a lot more value on stuff that you have that just haven't figured out how to make good use of. And we have lots of examples as well. But then we also have the Nuvo data. So the question is your perspective primarily in the traditional data or primarily on the called big data or Nuve data. The third dimension in many ways I think may be the most critical one for where it's gonna go in the future. And that is whether the CDO sees their job primarily as a service activity or a strategic activity. What I mean by a service activity means someone says I need to know X. Could you please get me that answer? Can your organization get me that answer? So you're acting kind of responsibly to the needs of your organization which is a perfectly good thing to do. A strategic issue is being able to help your organization much like my example, the microscope and the water help your organization to see things and see needs that they are not currently aware of to help to set strategic directions and new insights for your organization. So if you think of this as a three dimensional cube very appropriate, I think I hope you appreciate the connection. If you think about this as a three dimensional cube what we did is we identified each of the coordinates at the corners as a kind of role and describe what that role looks like realizing that probably no CDO is solely in one role. They're usually a cluster of them. But like we asked them like what of these eight roles which the one you see is being the dominant role and which you see is your secondary and third one. So that's what we try to do which because right now there is no blueprint if you will for a CDO or even a way for an organization to think about what kind of CDO they might want to have. Well what I like about that model is it's organic because the drivers are going to change. The sales and marketing organization you hear about CMOs are going to be spending more on technology than CIOs. Well that's going to affect the affinity with which the CDO approaches that cube.  You don't mind me interrupting you. I'm sorry, you missed my thought. Because you had a brilliant thought. Thank you. I should pause and breathe, allow some filler every now. One of the things we also showed in our chat when we interviewed these CDOs we asked them a little bit about their career and often we'll see that they start off large in this corner then they end up moving to this corner, then this corner and the current plans often move to this corner. So you're right it is an organic evolving role. Excellent, no thank you for that. Appreciate it. So I wanted to pick your name because you're very accomplished. You've written numerous, I think I told you in college I'm quite certain that one of your textbooks was required reading. And so I'm interested in your current work. You're working on things like connectivity among disparate distributed information systems, database technology, software project management. Let me actually start with database because database was kind of boring a decade ago. You had a couple of companies out there and you had some platforms and now all of a sudden database is hot again. What's happening? What do you see in terms of database technology? How is that evolving? What's changing? Well, that's a subject for several hours so I'll try to keep it somewhat focused and I'll address it in maybe two tiers if you don't mind. One tier is one that probably most people are already pretty much associated with the big data movement. And that is the fact that big data typically involves large volumes of data and large amount of processing involved looking for new kinds of architectures both hardware and software architectures that scale Hadoop and so on. So there's a lot of activity going on there and a lot of either new companies coming out to provide these services. One of my students working on a thesis this semester on the idea of big data as a service. What would that look like and so on. So I think there's a lot going on kind of at the architectural software hardware level. The thing that I've been most interested in though, if I can go to that level, is something that has been around for a long time but it's only now beginning I think to be more fully appreciated. And that's what I call the issues involving both integrating and contextually understanding data. That's when you're dealing with data singularly with individual slice of data there's lots involved in processing it. But when you think about, let me give you an example I use as a challenge question for my students. I say, let's say we wanted to be able to do things like predict whether there'll be food riots and Buenos Aires in the next month or not. What are things you might want to know? What you might want to know is how is inflation going on in Argentina? What is the unemployment levels looking like in Argentina? How are food prices going up and down in Argentina? There's a whole, and what's the Twitter traffic saying?  It's the sentiment, right? The sentiment. Any one of those things may be up or down and the others may compensate for it. So unless you kind of pull these pieces together you may not get a picture sufficient enough to do that. We have not solved that problem yet but this is kind of an example of a challenge question. The problem is when you try to pull information together from a diverse set of sources you find they don't all mean the same things and getting the data to reconcile. I think we've heard that at some of the keynote speakers today. It's a problem in the government sector and the private sector. It's been there for years and years, not a new problem. It just gets worse and worse and worse. I often tell my class that goes back a long way. It goes back to Genesis chapter 11, Tower of Meadow. So it's a big, big problem. We've been doing research here at MIT under the name we call Context Interchange to understand the meaning of data in its different contexts and then ways to automatically reconcile it to make it fit together. So that's the kind of research that I think refers to with that. Okay, and so presumably the underlying architecture of these systems is evolving to be able to incorporate both that traditional data, how did you describe it before in the nouveau data. And so there are a lot of initiatives in the industry trying to blend those two models. And some purists are saying no, they're meant to be separate for a reason. Others are saying that's crazy. You actually need them to be together and you need to increase the size of the databases. Do you have any thoughts on that? Well, first a quick comment regarding activities going on at MIT more broadly. As you know, we're one of the focal points of the World Wide Web Consortium and Tim Berners-Lee who heads it up has been promoting for a number of years now the notion of the semantic web, which really is not limited to the web. It's more the semantics of data, the meaning of data. And so I think, and we're kind of big fans of that idea. So I think the idea of being able to understand data and be able to share it and exchange it. I'm not gonna give his pitch, but his pitch is to a logic set is that is a tremendous value we have. We have got huge amounts of information out there, most of which is either untapped or untappable. Because we don't know how to pull together. And I think by keeping things in the separate bins, although there are some issues regarding security and privacy, but keeping things in separate bins seriously diminishes our ability to learn things and make new knowledge. I'll give you one example. One of my other colleagues you may know is Professor Pentland, Sandy Pentland at the Media Lab. And he does a lot of work with mobile technologies. One of the things he shared with me recently was an interesting project. With your smartphone, it does lots of things, of course. It knows who you call along with the NSA. It also, of course, knows your location. If it has Bluetooth on, it actually knows who I'm sitting next to, didn't think of that before. But also with the accelerometer, it knows how I'm moving. And what they were able to do is instrument it and watching people's movement, they could detect the early onset of certain types of diseases, particularly mental illnesses of various kinds. You go into your doctor's office for 50 minutes, he gives you his test, not clearly notice it.  So that ability to really harness these kinds of almost micro-level details is an enormous breakthrough that I think we have. It's really exciting, the whole internet of things, Jeff's written about the industrial internet, the Google Glass, the Apple Watch, I mean, this whole wearable computing thing is really the next wave that we could go on. Stuart, if they let me, who's getting this high sign here, we could go on forever, and if my colleague John Furrier was here, he'd never let you off. But really, it's been a pleasure meeting you and thanks so much for coming to the queue. Well thank you for sharing the time with you. Pleasure, thank you for having a great time here. Thank you. Have some nice weather for you. Appreciate the invite, yes, beautiful. It's about 98 degrees here. All right, keep it right there, buddy, we're right back after this.