The following is a presentation of TFNN, the morning market kickoff with your host Tommy O'Brien. Good morning everybody. I'm Tommy O'Brien, coming to you live from TFNN Wednesday morning just after 9 a.m. Eastern time. We got about 24 minutes to go until the start of trading and you have markets a little bit mixed. Excuse me this morning. We got earnings. So that's driving some of the action in terms of differing numbers across the indices, but right now you get the S&Ps. Not about four tenths percent, you're trading off 17 points. Back that off away. Trading off 17 points at, it's not picking up that last five minute bar for me, come on. There it is. We'll do it again. Trading off 17 points off four tenths percent, trading at 42.53. Now you see the action overnight, we were as low as about 42.46, you make that low at about 3.30 a.m. Eastern time, we charge higher to 42.64 and we're negative off that price level right now. NASDAQ 100. We're off by 96 points. We're going to break down Microsoft. Strong numbers out of Microsoft. Man, Google will break them down. Pretty strong numbers, but they miss the mark in cloud as well. So Google trading lower, Microsoft trading higher. You get the Dow positive this morning by 57 points on the Dow. We got some earnings driving that action up two tenths percent and you jump to the Russell. Negative by 11 right now off six tenths percent. We jump over to Crude, 83.77, quite a pullback from the $89 last week. We'll be talking to our man Teddy Kegstad at 40 past the hour. We'd always talk some forex. We'll talk a little bit of Crude as we always do as well with Crude pulling back a bit to 83.78. Goal contract this morning, holding up pretty well. Quite the day yesterday for gold. We drive down to 1970. We're back to 1987, basically right where we were in the early hours of yesterday, in the late hours of yesterday afternoon, golden 1987. And we got to jump to notes and bonds, a little bit of a pullback. So just like that, right? It seemed like, my goodness, we got the rise in the early hours of yesterday morning to 106.22. You had to be thinking, right, alright, is this it? Did we get the reverberation in terms of yields spiking at highs? And just like that, we saw the tenure, right? From early Monday, 105.12 traded up basically a point and a half. And we've probably gotten back about 50% of that move, just like that. Yeah, we sure have. Right at the 50% mark is where we got to this morning. Check it out. 106.04, you put this thing on a longer-term basis, lower lows and lower highs is the trend when you're looking at the 10-year, and now we're right in the middle of that channel line on the 10-year. The 30-year this morning, down about 20 ticks, 109.12. We always talk some bonds with our Manitetti, coming up at 40 past the hour as well. And we jump to the dollar index. Talk about some moves recently, right? How about that move early into yesterday? You got it all back by 11.45. I mean, just mammoth. A dollar down, a dollar up, from where we were early Monday to middle of the day Tuesday. We have strength yet again at 106.38 right now. And you are talking about a 10-year pushing 4.89. So we hit 5%. We're pushing 4.89. The yield on the 10-year right now, a little bit of weakness in the S&Ps. We jump over to the big dogs. There's Microsoft's action for you. You're going to be up about $16.00. That's pushing almost a 5% acceleration to the upside. Now Microsoft had a $13.00 move built in in either direction. Okay? So what? You're going to open up about 16. Almost the implied move. You get a bullish move and some strong numbers for Microsoft. We'll get into those in a little bit. You jump over to Google and almost the exact opposite. You drop $9.00 on Google. What is that? That's about a 6% to 7% drop for Google shares. $131.53 right now. You made it as low as $130.02 last night for Google shares. Some of the other companies out with their numbers Texas Instruments was out last night. They're trading down $10.00 as they missed the mark for Texas Instruments. And then you got Boeing. Boeing out this morning trading higher. Up about $6.00 to $188.40 from $182.36. And that's where we kick off the show. They actually cut the delivery goal for the year for $7.37. But they posed a quarterly loss on production troubles. But guess what? What have you done for me lately? What are you doing for me in the future? But they cut it. They cut it from $4.00 to $4.50. OK. They had previously said they were going to deliver $400.00 to $450.00 this year. Now they're going to deliver $375.00 to $400.00. They lost more than the operations. But they still expect, that's what I was looking for this, they still expect to hit a target of producing 38 of the max jets a month by the year's end, a key milestone as Boeing customers face delayed deliveries. So interesting how it goes, right? From the supply side of things to the demand side of things, it's amazing. They're pushing out basically one plane a day, a little bit more than that, right? 38 of them a month by the year's end, and they have a backlog. And that's what the market may be focusing on here. Nonetheless, you've got Boeing shares trading higher. Yeah. How about Apple as we come into this first break? Interesting. This one was out yesterday, I believe. I was reading this last night, October 20th. Yeah. It was out yesterday afternoon. But it is interesting that when you think about, I have an iPhone, I've had Apple TV. I don't think I have Apple TV anymore because you get it for what, a year or two or something like that when you get a new phone. It's something I barely ever use. And so it's interesting, they have all of this. I actually use Prime much more often than I get into Apple TV ever. And they're going to redesign their TV app and a step toward consolidating the company's various video offerings. And part of that effort to become a bigger player in the streaming world. So they recognize, man. There's something going on with Apple TV, probably for the amount of money they spend and the ability for them to capitalize off of the ecosystem and the value that they create by keeping you in that Apple TV ecosystem, et cetera. Dan Ives of WebBush, he's been talking about that the play is that Apple probably buys Disney eventually. Excuse me. Yes, Disney or ESPN. Forgive me. Recently, when they started breaking out the ESPN numbers, nonetheless, it makes sense that they ramped that up. Prime, you know, Bezos gets it in terms of having an app like that, Bezos, they got Thursday night football right now.  What do they got? They got pulling up Amazon shares. They're out with their numbers on Thursday. They trade lower on some of the cloud numbers of Google is what's happening there from Amazon shares. They trade from 128.56 down to 126.71. We get some market weakness as well across the board. But they have basically AI and machine learning driven. I got to find what this is called. I'll find it during the break because it's a special kind of way that you're able to watch football and they almost they highlight defenders when they're about to blitz. You know, they're transforming how we watch live sports and that's going to be the next thing that comes into these streamers.  And I think you're going to see Apple ratchet things back up in terms of trying to be a bigger player in the streaming platform because they're really not right now. They get some great content, some great movies. But they're basically an afterthought as opposed to signing up. The moment my free trial, my free time on Apple TV expired as a product to have in a phone. I didn't even think of signing back up to be honest, did not even think of signing back up. And I signed up for all the streaming platforms, folks. So that says a lot. Apple shares down with the Nasdaq this morning, trading down about $1.40 now. Check out the move right away. We got Microsoft shares came out with their numbers first last night. They beat Google right out of the gate. They were both pretty quick. But they beat higher and then you had Google come out and trade lower in an instant. But it is interesting when you look at you got quite a spike last night on that first acceleration on the earnings, 200 points higher is where we were at one point in the Nasdaq 100. Stay tuned, folks. We're coming back. We'll be talking to our man, Kevin Hinks from the Schwab Network. We'll be right back in three minutes. Don't go away. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. 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At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 Days Risk-Free Today. TFNN Educating Investors. Welcome back, folks. Excuse me. Jumping around all the articles, we got Q.man this morning, so we got Metashares coming out with their earnings after the bell. We jumped to them real quick. So interesting how all of these companies have similar businesses in one aspect, and different businesses in another aspect.  To talk about some of the action, let's jump over to our man, Kevin Hinks. Every trading day, folks, 12 noon Eastern time, right here on Tiger TV from the Schwab Network Fast Market with your host, Kevin Hinks, Tom White, the outstanding team at the Schwab Network. They break down the days market action and let's just get right into it. Kevin Hinks, a little bit of a tale of two stories last night with Google and Microsoft earnings. Good morning, Kevin. Good morning, Tommy. Yeah, it's exactly right. It's much like in the past, and you can look for comparisons to when streaming was coming out, right? And we judged everything by the number of users and subscribers. Now we're getting into AI and we're starting to deal with winners and losers just like that. And the metric that we're using so far between these two stocks is cloud growth based on AI. And it looks like, at least to start, that Microsoft is getting market share on Google Alphabet Cloud, right? Their growth in Azure was 29%. Google Cloud was 22% that was disappointing in Google Cloud. Their stock's down even though their numbers were spectacular, Tommy, but you get judged now by whatever the market judges you want. And right now it's growth based on AI. And Microsoft has such a head start on some of these other companies. Remember, they were in open AI, ChatGBP, and 2019 they invested in these names. So Microsoft really started to flex its muscles there and they're trying to harness and monetize AI technology, Tommy. A pretty great breakdown, man. And those numbers, it's always startling the high level of the bar that these public companies get held to. You put it well, man, you're growing 22%. And we're talking on billions, man. But guess what? Microsoft's growing at 29%, actually accelerating growth. I think, what was their last quarter, like 27 and then down to 26. Now they're up to 29. So even an acceleration of the percentage is just pretty amazing. And they're getting rewarded this morning. I got it up in the Thinkorswim platform, Microsoft trading at about 3.45 this morning. We go from there, Kevin, and we jump right to the next event. We got Meta out tonight. We have Amazon out tomorrow. We got Apple out next week, of course. But we got a little bit of weakness in the S&Ps. What do you think about the action in general in the market? Because we have a lot more, of course, out. We got Boeing out this morning. You got Texas Instruments. What do you think about the market down about 16 as we come into the opening bell in about nine minutes? And the eminence down about 3.8%. A little bit of weakness. I think, Google Alphabet's part of the eminence. Remember, the Dow is probably a little higher based on Microsoft and Boeing being higher pre-market. So that's going to be interesting to watch out, but how this plays out. But yeah, there's a lot of timing. I just had this discussion with Oliver Renwick and it's one part reason why with such good numbers, Google Alphabet is weak today is that the bar was set very high. The stock has had an incredible run. If you look at the chart, Microsoft had sold off off its highs. Google Alphabet was on a run. So why is that a cautionary tale? Look at Meta platforms. Look at some of these other stocks that have had historic runs. Conversely, Boeing has gotten beat up lately from the 240s down to the 180s. It's bouncing today on some of their, we almost call it a relief rally on numbers that weren't as bad as expected and still showing some promise in terms of deliveries and overall manufacturing of planes going forward. So, you know, a little bit of relief rally in Boeing, strength out of Microsoft and weakness out of Google Alphabet. We'll see what Microsoft does throughout the day though because, you know, the E-mini is down three eighths of a percent. That's going to weigh on on these stocks that are in a bunch of these indices, as you know. I appreciate the analysis. And yeah, I was talking about Boeing in the first segment. Pretty interesting, right? They scale back actually some of the numbers that they were looking for for guidance. But guess what? Like you said, they might be able to produce enough planes to make it through some of that backlog. And we got them up to about 187 from 182. With that in mind, Kevin, do you guys have any equities you're talking about today, coming up at 12 o'clock on Fast Market? Well, like Folio is going to do presentation on UPS coming out with earnings before the open through my morning, of course, in the first segment we'll cover met platforms. And then we'll look at Mastercard. Remember, either yes Mastercard today and we'll look at overall spending and the strength of the U.S. consumer. And so we'll cover those three big massive names today. Meta platforms would be real interesting though. It's down about two bucks pre-market with the futures. And like I said, meta platforms, we used to say that it was cheap for a long time. Well, it's not cheap anymore, Tommy. And it's got a high bar. So cautionary tale when you watch Google Elf that with meta platforms. But if they show the growth, if they show the adaption of AI, things get real interesting here. Yeah, this chart of meta, as we all know, real interesting, absolutely shocking. We've gotten so much of that loss back. I got $88 and nine pennies, the low. When I pulled it up on the Thinkorswim platform, we're trading this morning at $310. And UPS, I jumped to them and quite a chart for UPS. Talk about struggling, down to $149.32. And that's making lows. When I just put this thing back on a three year on a weekly, the lowest bar, the week we're in right now, man, which is pretty crazy. Kevin, I appreciate the time on a busy morning, man. We'll be watching at 12 o'clock today. And I look forward to talking to you tomorrow. Thanks for having me on, Tommy. Have a great day. You too. Folks, check it out. 12 o'clock today, fast market from the Schwab Network, every trading day right here on TFNM. We're fortunate to have the program. Kevin Hinks, Tom White. It's a great week to check it out, man. We are one out of three, I think, or three out of 10, almost a third of the S&P companies reporting this week alone. So you're getting many others, like we just said. Kevin gave the roundup. Well, Texas Instruments, right? Boeing, pretty interesting to see. Expectations. UPS, maybe expectations are going to be pretty low for UPS coming into their earnings. You jump over to the Analyze tab. They're out with their numbers tomorrow. You're looking at almost a 5% move priced into UPS shares for their earnings at $729. You jump over to Metashares. You talk about some volatility, man. $24 for a $310 equity priced in for their earnings event. So not all magnificent 7 stocks are created equal, as in much more volatility premium priced into meta earnings after the bell tonight than any of the other large tech companies when you're talking about on a percentage basis. What are you talking about? 8% almost, priced in in either direction for Metashares. But boy, this thing moves to put it lightly.  You're within Stone's throws of all-time highs. Who would have thought that was coming when it was at $88 less than a year ago? Crazy. Absolutely wild, this market. All right. We got the S&Ps down about $17 right now at $4254, just chopping around where we've been basically since about 8.45 this morning as we await the opening bell. And we got the NASDAQ off by $99. Dow being helped, as Kevin said. Microsoft Boeing putting a lift on there as well. Now, remember that the Dow is price weighted. Microsoft is a $344 stock that is going to have an outsized impact on the Dow Jones Industrial Average unfairly, I may add. But nonetheless, they've chosen to price weight that index, which makes zero sense as we've talked about many times. So when you get a big equity on a per share price basis trading higher, it has an even bigger impact. And then you got Boeing up by about $5 as well, trading at $187. Stay tuned, folks. It's going to be an interesting open. We'll break down some of those Microsoft and some of those Google numbers when we get back as well. Stay tuned. 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You were as high as almost 350 on a couple of spikes on the earnings last night. You jump over to Google. Well, it's worse than we thought, folks. Google off 8.3 percent. Watch out, man. Talk about getting punished. And yes, context is important. All right, Kevin said it well. Expectations sky high. This thing's been on a one-way trip. You open the year at $88. All right, you're still trading up, what, 40 percent on the year at 128.22 right now, but nonetheless, quite a quick give back from 140 to 128 right now on Google shares. You jump over to Microsoft as this market gives it up a little bit. Holding on, but giving it up as well. As we're off to 342.70 with the S&P is off by 23 points, trading at 42.47 right now. You get the NASDAQ off a full percent. No, not quite. Nine-tenths, 137. Dow holding on to gains. Let's jump around to Boeing.  Boeing's giving it up too. Be careful on this one. Texas Instruments. Look at that. The one equity that's popping is the one that was getting punished the most almost. 142.28 Texas Instruments, still down about 3.2 percent as this market trails off. They actually catch a bit on the open for TXN. Okay, let's break down some of these numbers on Microsoft and Google. We'll kick it off with Google, all right, because they're getting punished. And that's Kevin said, man. If you were ever running this business, now here's the kicker, though, okay? If you're ever running this business as a private business, boy, you better pat yourself on the back for the year you had, okay? Revenue growth of 11 percent. Double digits for the first time in more than a year. How about revenue of 76.69 billion? Okay, market was looking for 76. Earnings per share of $1.55 per share versus $1.45, so they beat there as well. Here's the one that sticks out, though, folks. Google Cloud Revenue, 8.41 billion versus 8.64. Now, further down in this article, all right, this is the street account estimate or whatever it is, they say they missed the mark by 20 million, which would be less than 8.64. Nonetheless, they missed the mark, okay? But check out just even like advertising revenue. So their total revenue, right, was 76.69. Of that, about 60 billion of the 76 they take in is advertising, okay? Google is an advertising company.  I mean, they went from 54.48 billion a year ago to 59.65. Things were going really well a year ago, right? And they added $5 billion of advertising revenue. YouTube advertising revenue beat analyst expectations. They came in at almost 8 billion alone. Their YouTube's TikTok competitor, which is their shorts, now has 70 billion daily views, up from more than 50 billion when they started the year, but cloud missed, all right? And these are the growths that we're talking about here. Look at how the 2021 was quite a year, man. 11 percent is what they posted for growth, and that is total quarterly revenue, year-over-year percentage change in quarterly revenue. I mean, there was nothing like what these companies were putting up in 2021, man. And yeah, cloud grew at 22% as Kevin was talking about earlier in the program, double the rate of expansion for the company as a whole. The business also swung to an operating profit of 266 million after losing 440 in the same period a year ago. Yeah, the other bets, okay? And this includes Waymo self-driving car business. They have a life science unit in there, Verily, revenue of almost 300 million, but they lost 1.2 billion.  Nonetheless, so that's what they get punished for. You see the numbers, right? They beat on many things here. They beat on revenue, they beat on earnings, they beat on YouTube advertising revenue, traffic acquisition costs basically in line, but the market says, what about that cloud segment? Now, we jump to Microsoft, okay? Where do we start with Microsoft? So, net income jumps 27%. This is the Azure cloud revenue growth accelerated after two years of deceleration, and this is always the amazing part of public companies, especially growth stocks. You don't have to be growing. You have to be growing at a growing rate as in accelerating, right? You don't have to be growing at 26%. They want you accelerating that growth up to 27, 28, 29, 30, you know, catching a tailwind, and that's actually what Azure is still doing. Earnings per share, they crush it almost $3 at 265 revenue. They crush it as well with respect to guidance, okay? Fiscal second quarter revenue in the range of 60.4 to 61.4, that implies 15% growth basically just in line though. As analysts were looking for right in the middle of that range at 60.9, revenue grew almost 13% year-over-year in the quarter. Now, remember, Google had 11%, okay? Net income, how about net income? Look at the margins they're dealing with, man. Revenue was $50 billion, we're rounding here. Net income was $22 billion. For every $50, you're giving Microsoft, man, they're taking $22 and saying, thank you sir, have a good day, and putting it in your pocket, or man. Intelligent Cloud segment produced $24.26 billion in revenue, up 19%. Market was only looking for $23.5, and here's the biggest number in there. Revenue just from Azure jumped 29%, higher than the 26th the market was looking at. They don't disclose Azure revenue in dollars, but at constant currency, Azure revenue rose 28%, accelerating from 27%, just bag up numbers across the board, man. Yeah, clients are flocking to the new generative 8i tools in the cloud that are enhanced with software from Microsoft-backed startup OpenAI. The Azure OpenAI service now has 18,000 customers. Imagine that, man, right? 18,000, up from 11,000 in July. Higher capacity for graphics processing units in Azure, boosted growth, and 3 percentage points of the quarter Azure growth was tied to AI. They love the AI, man. I know. How about that investment in OpenAI? $10 billion, I think is what they had, $10 billion. That company alone, now that $10 billion got them 49% of the company, is that what it was? It was a 51. I think it was 49% of the company. Basically, got them 50% of the company. Now that company is worth like $80 to $90 billion already. That's an investment. There are a few investments folks in some of these companies that really define part of their future. Microsoft's investment in OpenAI, as Kevin said, started in 2019. You compare that to something like Google, right? Who's plowed money into, is it Bard, right? Google down 9%. Look at this thing, man. Okay. How many shares we got outstanding for Google? 12.6 billion shares outstanding, and you're down 12 bucks. You're losing $144 billion in market cap. Watch out. Microsoft shares on the flip side holding onto the gains well, up $15 right now, up by 4.2%. We jumped a meta. Down. Look at these markets getting punished, man. NASDAQ 100 off 1.3%. We're only eight minutes into the trading day. Stay tuned, folks. We're coming back. We're talking to our man, Teddy Kegstad. We'll talk some forex. We'll talk some commodities. Stay tuned. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. 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We're pushing 106.43 to talk about some of the action. Let's jump over to our man, Teddy Kegstad. Folks, you can check out Teddy's Tiger 4X report. Every week he puts out new issues Monday morning. He puts updates throughout the week when warranted. You can check that out right under the front page of TFNN. You go over to the Newsletters tab, you will see the Tiger 4X report. You can sign up, folks. It's $97. You get a couple webinar archives in there as well. You can cancel it at any time. You pay nothing. If it's within the first 30 days, it's a great deal. Check it out. And of course, don't forget about it. He's got a couple webinars here talking about capitalizing on time with calendar stock option spreads, a recent webinar he did. That's available under the Services tab, as well as Japanese candlestick patterns. But we're going to talk a little bit of 4X and a little commodities this morning. Teddy Kegstad, good morning. Good morning, Tommy. Boy, it always seems like we're having eventful days when you're on, but there are many eventful days in this market recently. Maybe if we can kick it off with the dollar index, Teddy, quite the day yesterday, we have yields kind of, you know, driving some of that action. I know they're all related, but where do you want to kick things off this morning? You know what? A dollar index is a great place. And all I can say is the Tiger 4X report readers must love having tomorrow's Wall Street Journal today, huh? You know, I mean, talk about nailing the low in the dollar index yesterday.  And the bottom yesterday, I think, was really, really nice. You know, yields had a nice retracement going on for a couple of days, and now they're starting to hammer this support again. I think you're going to see that trend continue. You know, I mean, no matter what you say, the economic numbers and the data that's been coming out, you know, even though it may not be as frightening as it has been over the past two years, it's still atrocious, you know? So, I mean, that's the reality of things, you know? So, and I think that right now we hit a nice low in the dollar index yesterday. Do I see us having a major rally over the next week? No, I think that we're going to hold the low. We made a lower swing low yesterday, okay? But this is not a correction. The overall trend for the dollar index is a major bull. So right now we're establishing that range trade in front of the Fed meeting.  So, I think that we're hitting some extremes on the trends, you know, and we're definitely going to push it because yields are definitely poking higher again.  Yeah, there's no denying that recently and pretty interesting. I was going to jump to, I know you love looking at the 30 year along with other parts of the curve, of course, but how about the move, Teddy, from 107 to 110 in change in terms of three points? I know the move's been pretty dramatic in both ways. Anyway, I see, you know, just mammoth moves on the 30 year, especially the 10 year up and down the chain, but like you said, we're still sitting at 4.9% right now in the 10 year, which is a pretty remarkable number that you can't deny coming into a Fed meeting. Are you looking for any volatility with the Fed? Do you think they're going to pause as many suspects as the case right now, at least in this meeting coming up? Do you take that into account? Do you have any biases there? Yeah, I do. I know that overall, the bias and consensus, if you will, is that they are going to hold and pause right now. Everyone does see the Fed possibly within the next six months raising one more time, but they think they're going to digest what they've done over the last year. I don't buy that. Here's my rationale, what that is. We talked about flight to quality last week, especially with all the conflicts that's going on in the world right now. We don't have flight to quality in the bond market right now. We have it in the dollar, you know, and I think that overall, especially, you know, I dwell on the 30 year because the long term drives rates in the long term, but if you look at the volume and the short terms, you know, I mean, you haven't seen the volumes in the euros, the one, the two, three, and five year notes that you have recently in a very long time, you know, and I think that that is going to continue to cook, you know, so I think that as that boils over over the next month or two, I think that that's going to put pressure on the Fed, you know, the market rate no matter what, you know, if you look at relatively where we're at, all the interest rate markets should be much lower in pricing right now. We're at a premium. We're not at a discount for fair value, you know, so even if the Fed doesn't do anything, we should be on a fundamental and technical basis lower than we are right now. So I think the market's going to keep on pressing no matter what the Fed does, you know, but I do believe I still think that there's a much better chance that I'm still hiking in this next meeting next week than people are. I would not really lean on this or say that, you know what, the Fed is going to do nothing, you know, I wouldn't say that next week is going to be a not event. Could it be? Absolutely. But I would not be, I wouldn't be shocked if they did raise a quarter point next week. It'd be pretty amazing if they did, right, if they came out and said, you know what, man, we've been talking about 2% forever and we're not getting there. So why not? Right, right. I know consensus isn't right there. It wouldn't be the right time to do it because do you want to wait till the December meeting? Are you going to shake up the holidays? You know, especially with the conflict, you know, there's a lot of talk that there's like, oh, the Fed's not going to do anything because of the escalation in the Middle East with things. They don't care about the escalation in the Middle East. The Fed is, they're dealing with the economy.  It is, you make me think back on when they first started, right? That's when Russia was just happening and they actually probably put off their first hike, right? Is that what happened? That was a mistake for sure. And they probably even came back and said that, that they let that kind of, you know, they didn't want to, I think, start that, right? I think it was right around then. It just makes me think of the same thing, right? Allowing something like that to get into it and you see where we are right now. What about crude? We got to talk a little bit of crude, a little bit of a pullback to 83 bucks. But as we've mentioned, man, a lot of strength. What do you think about crude at these prices, Teddy? Well, you know what? The high that we made a few sessions ago, once again, the Tiger Forex report must love the upper boundary of our critical range there for resistance. I think that we're flirting with a key support area. But where we're at right now, I think is pretty much the floor. Could we see a spike, you know, that could get us down into like, say, the upper 70 handles? Absolutely. But I would not get married to any type of, you know, short at these levels. I would be looking to be buying a brakes, you know, and especially right now, I would say with the way that the market has pulled back in the crude oil market, I would say maybe give it a day or two before you start to look into it. But I would say especially in front of the weekend and going into the Fed meeting, I would rather be long than short that market. Nice. I like the detailed analysis, man. Way to day or two, folks, maybe. But yeah, I was jumping through the technicals as you were doing it, man. At this level, at least you got your back against the wall a little bit in terms of an area of support there potentially at that $82, $83 area. Teddy, I appreciate- We're coming up a higher swing high also, so that's why I'm also with that buy break for 4K. Nice. Yeah. Volatility, man. Just everywhere in this market. Teddy, I appreciate the time as always, folks. Go check out the Tiger 4X report. You heard it. Right under the newsletter tab. You sign up. You pay 97 bucks. You get a money back guarantee for 30 days. You can't go wrong. Teddy, I appreciate it, man. We'll talk to you next week. Sounds good, Tommy. Take care. Okay. Folks, stay tuned. We'll be right back to finish up the show. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African RAND, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? 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. 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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. Coming into Amazon earnings, we jump to Amazon off 3% right now. Coming into Amazon after the bell tomorrow night, we get Apple shares next week off 1.3% right now. I found myself thinking during the break, you know what man? There's only one Microsoft right now. Listen, Apple's its own animal. I get that. Google's its own animal. They're own animal in their own ways. But there's only one Microsoft right now and I think that's what the market's focusing on. Their ability to grow Azure, their ability to add 3 percentage points of growth in there just for open AI with everything else going on, I don't think that's going to carry through. And you saw it with Google and the market is continuing to punish Google shares now off 9.13%. It's kind of right where you open that first acceleration. These are 10-minute bars. So you drove higher into the opening bell. You drove higher in the first 10 minutes and we've been shopping around there for the last 15 minutes or so in the 127 range. NASDAQ 100 off 1.4%. We jumped to some of the other equities with their numbers. Texas Instruments, they catch a little bit of a lift off 3.2% now after trading down to 136. Boeing? Yeah, not so much. Remember we were going through those numbers, man, with Boeing. It's like, man, I guess they're just really caring about the fact that they're going to be making 38 planes a month going forward to work through that backlog. Guess what? The market just traded lower by a 4% in the S&Ps by about 1.5% in the NASDAQ and Boeing gave it all up. That's $10, man. That's a 5% move from where we were coming into the opening bell for Boeing shares. So be careful in this market, man.  Maybe 4150 is an area I'm looking at right now and that's the area of confidence. At least 4200, 4150, 4140, that's the confidence area from the trend that began in March, which is the 618 area of 4140 and the trend that began back about a year ago in October, which drives to the 382 of about 4200 or so. But yeah, there's Microsoft's its own animal on that beat, man. And I think the market's a little worried it's not going to carry through to the rest of the tech companies. All right, folks, stay tuned. We got our man Basil Chapman. He's in the saddle. He's coming up for the Tiger Technicians Hour. Steve Rhodes after that 11, fast market at 12. S&P's off by 36. NASDAQ off by 203. Stay tuned, folks. Basil's coming up next. Have a great Wednesday. We'll talk to you tomorrow.