a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at<PHONE_NUMBER>. Let's go to Ben at San Jose. Ben, what's going on, brother? Hey, Tom, how you doing, man? I'm doing great, man, yourself? I just wanted to thank you and your team and everything I've been using your technique with the 10-minute charts, watching the VIXX and just making a fortune here on the futures. Isn't it interesting? That's awesome, man. It's wonderful. Thanks, Tom, I appreciate it. Okay, man, have a great one, have a safe one. Now, Tom O'Brien. Welcome, folks, this is Tom O'Brien of TFNN.  Hope everyone's having a great day, safe day. We're kicking it to August, and today's the first Super Moon, folks, and then on August 30th, we're gonna have a Super Blue Moon and not until 2032 is gonna be the next one. The last one was also 2009, yeah. Cultivate wisdom. You don't need to accumulate knowledge to become wise. Anyone can become wise. When you become wise, you respect your body, you respect your mind, and you respect your soul. When you become wise, your life is controlled by your heart, not your head. Not gonna be wise, let's take a look at it out here. We have the Dow Industrial's up 76, Nasdaq's down 39, S&P's off nine, gold contract down $26.80, trading at $19.82 an ounce. We have silver down 51 cents, $24.45 an ounce, light sweet crude down 48 cents, $81.32 a barrel, notes and bonds, 10-year note, down 16 ticks, trading at $1.10.28, the 30-year full point and a half at $1.23, and King dollar, King dollar up 427 ticks, trading 102.282, the euros at 109, the Yannis trading at 143 and the British pound is at 127 to one U.S. dollar. Offer number's<PHONE_NUMBER>, give us a call folks, one note's going on in your world, in the world of TFNN folks, we get a real treat for ya, bottom line, tomorrow. Our man, Mr. Larry Pezzavento, he's doing a live trading webinar. It starts at 9 a.m., goes to 2 p.m. when I say live, it's a live trading webinar, goes for five hours, and we're gonna get my man, Larry Pezzavento on right now to tell you all about it. Larry, what's going on brother? Hey Tom, how are you doing pal? I'm doing great yourself.  This will be my fifth one that we've done here in the last few years. And the Tigers and Tigris love it too, Larry. Big time. Yeah, we've had a lot of fun, we've had a lot of fun, but it's my chance to really play in the World Series because this show, the folks either works or it doesn't. You know, we've been pretty on spot the last four shows we've done. Yes. This will be the fifth one. We've made money each time and I think we'll do okay with the volatility we're having today and tomorrow due with this full moon that's coming in right now. It's literally coming in right now because it was 2.23. We won't see it till tonight, folks, but it was 2.23 in the eastern board anyway, right? Yeah. What that blue moon means, folks, it means there's two full moons in the same month. That doesn't happen very often. Right. So in fact, when Elvis died, that we have one of those in August of 96, but that was on the 16th of August. Anyway, what I'd like to talk about, of course, is all the things that we'll be covering. We've got three PowerPoint presentations that we work on during the time we put on trades. The main thing what we're doing, Thomas, we're looking to make the $295 fee that the folks, people pay. We've done that each time. Yeah. And I think we'll be able to do it tomorrow, but there's no guarantees. Of course, if we don't do well, they get to have the next one free. But I'm really comfortable because I've got the eight things that we're looking at for tomorrow. A lot of different patterns in soybeans, crude oil, gosh, just everything.  And the volatility is picking up, which is good. Volatility is the trade is best friend, folks. Oh, yeah, we love the volatility. 400 up, 400 down, that's the kind of action that you love to see. You don't want to see something going sideways because there's nobody's interested in it, but when you're going up and down, that's when you want to be at the dance and we're going to bring the girl to the dance that we started with, that's ABCD, and we're going to have some fun tomorrow, I believe, I really feel comfortable about it. So I'm looking forward to it. And would you get, folks, okay, with this? Okay, so the webinar's 295, but you're also going to get a full month of Larry's newsletter, Fibonacci 24 by seven. So it's a great value, okay? That's the bottom line. So come over to our website at TFNN, you're going to see it right under the featured content. Sign up now, particularly please sign up now, folks, because if you go and wait till tomorrow morning, we're just going to make sure we get you in the targets then, particularly if you're not in Discord already. If you're not in Discord, folks, it's a buck. Get in Discord, get in hot tigers then, because it's an amazing trading room, I mean. It's the best one dollar you'll ever spend. Seriously, and we only charge a dollar, so we don't get, there's no scammers in there, man. So just please go over there, sign up, you're going to have a great workshop. It goes from nine to two, because that's when the action is. And the bottom line is that Larry's going to be throwing out some trades, and Larry's a patent recognition expert, so you're going to understand the patents, you're going to see the patents, and you're going to see how to trade the patents, and how, where to put your, where to go in, where to go out, and of course, what does happen, because we have so many traders, that are going to be in there anyway, as Larry has been talking about on the show, they're going to, the traders themselves will be sending Larry over set ups, like, hey man, let's look at this one, let's look at this one, and that's what's so cool. That's, that is, that's cool. It is, it's so great about the room itself, you know what I'm saying, that you know, more eyes, let me tell you, more eyes work, there's no two ways about it. Amen to that. Amen. Hey listen, thanks for having me for these last 17 years, I've loved it, every minute. Can you believe it's 17 years, man? I can't believe it. That's scary. I remember in Clearwater when I met you, and it was February of 2007, Dr. Earl, dropped us off in front of that hotel, we were given the seminar in, and it's been going on ever since, we met in New York and Las Vegas, oh my God. I think, I think I solicited you in New York, right? It was a trade as X-File. Yes it was, 2004, absolutely right. Right, unreal. Valentine's Day, as a matter of fact. I like it, oh that's right. And as a matter of fact, you still owe me $40 for dinner, I'll get that when I see you the next time. That's a beautiful thing, I like that, I like that faulty dollar number, I like it. No, no, no doubt about it, man. Hey listen, has the weather calmed down, anything out there? Yeah, yeah, yeah, a little bit. No more major rainstorms, the electricity ran for 36 hours straight, so we don't have another rain due until Monday or Tuesday, so we should be just fine. Okay, awesome. Okay, well listen. Hey, thanks, Tom. You have a great one, safe one, and of course we look forward to the show, well to the webinar tomorrow morning. Okay, thanks a lot, God bless. Thank you, bye bye. So folks, just come over to our website at TFNN, you're gonna see a right-ended featured content, live trading webinar, trade what you see, 9 a.m. to 2 p.m. again, it's $295, Larry's gonna be trading live, he's gonna set up all the patents, well the market sets up the patents, but you'll understand the patents, you'll see them, you know, they're very clear setups when Larry, the charts that Larry's using, you'll see the angles, you'll see the geometry behind the angles, and listen folks, life's about geometry period, so. So check it out, and Dow, let's see where the Dow is right now, we're gonna have our man, Mr. Basil Chapman, coming up next with us. Dow industrial's right now, up 71 Nasdaq's down 40, S&P's off nine and a half, stay right there folks, come right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more, and he also has weekly coverage of the crude oil market and the 30 year T-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60 minute webinar archive. He just hosted forex strategies and fundamentals, what is behind the Tiger Forex report. For all the details and to start your 30 day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN, educating investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien renowned for his expertise in the financial markets has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real time analysis and trade recommendations delivered straight to your inbox.  Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30 day money back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join thousands of traders who have already experienced the power of Tom O'Brien's award winning newsletter, Market Insights firsthand. TFNN, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to. And you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. Now toll free at 1-877-927-6648 internationally at<PHONE_NUMBER>. Welcome back, folks, to Dow. Dow Industries right now, up 66, you get the NASDAQ Dow 42 S&Ps off 9.5. Let's get over to our mam, it's the Basel Chapman, as we do each and every Tuesday at 20 past the hour. Don't forget, folks, Basel does an outstanding show here every trading day at 10 a.m. Eastern Standard Time. Also, it's a great newsletter, the opening call. Now, it's very easy to get the opening call, folks. Come over to our website at TFNN. You're going to, under Newsletters, you're going to see it right on the left-hand side. You can get the opening call for one month for $149, six months for 6.95, which is a savings of $199 at 22%, and one year for 11.95, which is a savings of $593 at 33%. Now they all come with a 30-day money-back guarantee. So the bottom, and not only that, on top of that, what Basel has there, he's done many webinars. He's got 12 live webinars on there, so the bottom line, you're going to get some great webinars, you're going to get a great newsletter, and if it works for you, great. If it doesn't work for you 29th day, just cancel it, no problem. Basel Chapman, what's going on? Hi, Tom, how are you? I'm doing great, man, yourself? It was great to hear you with Larry. It's amazing. He's been trading forever, and we're always fascinated by his technique and what he discussed, but I don't know his memory for detail. He'll say when I was with Joe, whatever, was it a Tuesday? I was a Tuesday, 1965. I know, man, seriously. Seriously. It's fabulous. Anyway, it should be a wonderful workshop. That's for sure. No doubt, no doubt. So we're looking here at something that's quite fascinating for me. Okay. A week ago, when I spoke to you, it feels like a lot's happened, but if you look, we're basically in kind of a sideways move here. Here's the down, the left side, I'm showing the daily chart. Let's go back to last week. We were around about here at the Dow, 33,463. Here we are at 35,463. Here we are at 35,624. So the market's having a little difficulty, and every time the market looks like it's about to decline sharply, you get some kind of an earnings report today. It's catapulted spirals up really sharply and helps the Dow. The S&P's telling more of the story, but this is what I'm looking at.  It's like the Federal Reserve is the bank of last resort, so this is my technical tool of last resort. This is where the nine-period moving average is over the 14-period moving average. And look how many times since April, when it crossed green, the nine-period moving average showed the rally in the Dow. The Dow, they made a left side high and then a right side high and then it came down sharply. And then it crossed negative. Pink means that the nine is under the 14, means that you've got a deeper cell mode and you can keep going down. Then what happened is it's flipped to positive in June. And once again, it got a left side and then a right side, this amishade pattern. And the right side dropped sharply and you look for certain that that green line would change to pink. And no, it didn't, it held green. And look where we are. Now we're at the same situation where you made a left side high. Now you've got the right side high. What happens next is going to be very important. And you can see the, for me at least, the importance of this nine-period moving average holding so well says that a lot has to happen for this price. The gray line is the closing price of the Dow for the price to come down very sharply to get that green to turn pink. That means you'd have to be down 35,000, oh, probably 34,800 to see it even getting close. So it says to me, a couple of things have to happen. You have to see, I've got this technique that I call the dark news cloud cover. And I'll just show this chart for a moment because there are a lot of things that I wanted to look at, but I'll show this. And we are now well above this whole resistance area since November of 2022. And what I call the dark news cloud cover is that like interest rates or geopolitical, whatever it is that the market will take seriously and decline, there's always something hovering. But all of a sudden it looked like, oh, those things were dissipating. So the market actually, the Dow itself went above that 34,700 level and now look where we are. So this means you've got a huge containment area. So I just wanted to put that into perspective. So I am anticipating that we're going to over the next, it might take a little while either it's just really bad news. And I don't want to go into now due to my show tomorrow at 10 o'clock Eastern time when I do my Tiger Technicians hour. I did a little bit today. But you've got the TLT, actually I should show it right now, the TLT, which is trading underneath that rectangle and I said, well, so why is it not going? Oh, there it is. There it is, a TLT. Underneath, it's at 98.05 right now, that's bonds. Underneath the rectangle which made this arch formation with like an M shape formation, now it's taken that out. So there's a chance yields go higher. You spoke about the doll, you know, I'm always looking at leg D and a peak D in the Chapman Wave methodology for turnarounds. Look, there's the TLT, the peak D, look how sharp we fell. There's a peak D all the way at 179 back in March of 2020. Now look at the dollar. It makes a trough D at the bottom and it runs and it's in the leg D to the upside. So that, and it's gone back into the rectangle. So that's the other thing. And look at crude oil. Crude oil is starting to kind of push the upper limit of this rectangle formation. So there are things sitting out there that say, hey, the market might start to worry about this in a moment. But when I look at the overall market, I have to wait for the, to get a confirmation of really a sharper move down for all those nine-period moving averages in the daily charts to turn down and so far they're holding quite well. So that's just kind of a warning to say, yes, the next move down could be a little bit longer and a little bit deeper, but we haven't actually started that yet. But in the meantime, for my subscribers, we were very fortunate. We had a stock, I was working to you about this actually for a couple of months now. Symbiotic SYM is the symbol and it had a sudden spiral yesterday. It was up 50% actually up 200% of that big rally from the way we entered it. We don't have as much as I would like but still it's fantastic to have a big move like this. Holy cow, look at that thing. Isn't that something? Yeah. And yeah, it wasn't takeover or anything. I think this was purely on earnings and there was another company added to its allotment that it owns part of Symbiotic. Symbiotic is in the end-to-end AI robotic warehouse automation systems. So these events are really important and being able to identify sectors that have this kind of potential like AI. And I'm looking at others that I think if there is a pullback here, we've started to enter some positions that could be, I would say, I wouldn't, you can never tell whether it's market unrelated but they kind of under the radar, they're in their own world. So I think this is a time for selectivity, raise some cash, but at the same time, there are these positions that have, you know, potential to do really well. We've got, you know, we've still got this bots, which is the AI, the ETF, the Global X Robotics and AI ETF that made a double top. It's pulling back, but it's actually holding very well. So there are a lot of things that I would like to look at for the next part of the next move up in the market after we have some kind of consolidation. So we're trying to build up a portfolio for that. It's very easy to get Basel's newsletter to come over to our website at TFNN.  You hit that button and you are off to the races. Bas, you have a great night, a safe night. We look forward to show tomorrow morning at 10 o'clock. Thank you very much, Tommy, you too. Thank you, have a great one. Stay right there, folks, we'll come right back. Attention, traders. Larry Pesevento, the renowned trading mastermind, is holding an exclusive live trading event on Wednesday, August 2nd. From 9 a.m. to 2 p.m. Eastern time, transform your trading skills with the real-time wisdom of a Wall Street veteran. Just $295 gets you a front-row seat to this power-packed session, plus a month free of Larry's sought-after newsletter, Fibonacci 24-7, a $97 value. Elevate your strategies, decode the markets, and achieve your financial goals. Remember, this event will be archived for all attendees, and Larry only does a few of these a year. Don't miss this opportunity. Sign up today at TFNN.com, secure your future, and start trading smarter. TFNN, educating investors. Old Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven in 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. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. The down industrial is right now trading up 56. Let's look at the Nasek guy down 48 sps down 11. Let's go take a look at that caterpillar because this is all but saying that this commodity market is gonna run, man. I mean, look at this move, $22. And then if we take it and you put it on a monthly, you're gonna see that it just broke everything. Big consolidation, consolidated, two months ago it stopped pushing high with volume. And this is quite a move, man. There's no two ways about it. That's a monster move. And they did, let's take a look at what they did here. The cool thing about caterpillar folks is that the lead time is a big number. Oh, this is interesting though. They took in 16.5 billion top line, $5.67 bottom line, but it looks like that's gonna be the peak. Now this is interesting, man. So I'm not quite sure, you know, I have to dig into it as to why this would be the peak. Cause you can see these numbers, 15.6, it goes down a billion dollars next quarter. But then, no, the quarter after that, it comes right back up 1.4 billion. So, big numbers, man. There's no doubt about that. Some of the other higher volume equities that we have out here today is that, yeah, let's see. So we got Teslas down six bucks. We got Uber off 290, Uber come out with numbers. The thing that's amazing about Uber is that, watch these numbers and the context of, you know, there's still, they have 32,000 employees. So they took in 9.2 billion. And, oh, it's interesting, it's saying they made 18 cents. Okay, I thought they were still in loss. Okay, so they made money. This is the first, this is the first quarter they made money. That's pretty amazing, man. I was listening to the interview this morning. They have something like 138 million customers, folks. 138 million, yeah. You talk about a monster. That is about, that's huge. We have, let's see, you have, let's go do this. Let's go into the NDX first. Al, you're sure that Tim's calling me. What's happening, is this, you can't get through? I know, we heard you, just try again, all right? Just, okay, thanks. Sorry about that, folks. I heard the phone, Al, he's trying to call. Just get that phone clear, please, all right? Sorry about that, folks. So, inside the NDX 100, they get CrowdStrike up 3%. There we go. You got him, Al? It's all that matters, it's working now. It's a beautiful thing. Let's get over to our man, Mr. Tim Wood, folks, as we do every Tuesday at the 3.30 hour. Tim Wood, what's going on, brother? Well, everything seems to be okay here. So, Larry, a long position. I've got an indicator that I've sent you over a couple of charts. I don't know how many we'll be able to get through. No, I know you got, you're letting us in on something new. Let's take a look at that. Is that the, which one do you want to start with? All right, chart one. And it's the SPX tilt ratio. Tilt is the 20-year Treasury bond. I know, okay. So anyhow, I watch what that ratio does and it really markets their balance. If we get out of balance, we come back to the norm. It's either up or down. So, when this ratio gets out of balance, well, on the upside, the RSI gets above 70. Normally, you got a kind of a short term top. This is on the ratio, the RSI for the SPX-TLT ratio. Yes. And so, you can go back further, but I marked the times. The second window up from the bottom is the daily S and TX. Yep. And I marked the times when the RSI of the SPX-TLT ratio got above 70. Okay. It does a pretty well job of picking out just short-term highs or not long-term highs. That's what I'm kind of looking for here. I'm thinking we're entering into some sort of a high area and the VIX is not getting a lot of information. It's relatively staying low and it's not doing any great divergences, which is kind of my main tool. Yes. So, this is a little bit shorter term timeframe, but the RSI when I print this chart this morning was 82. Okay. And that's pretty darn high. So, what that says to me, at least on the SPX, the upside is limited here. Because you never get the RSI up to 90. You know, between 70 and 80, you kind of peeks out and you start getting at least the sideways moves, not a short-term top on the SPX, so. Which kind of what we've been doing here for a bit.  It looks like we've just been going sideways at highs, right? Yeah, yeah, so far, yeah, this chart suggests like the upside is limited. So, I guess we could move sideways. So, out of two, three things can happen. You can either go up sideways or down. Yes. Well, this kind of takes the upside, in my opinion, out of the equation. You can move sideways, yeah, maybe. Yeah. So, it's kind of a chart that I watch when the short-term picture gets a little fuzzy. I kind of look at this, see what it says. This is one of these, yeah, in your back pocket. I'm glad we got it out. Yeah, yeah, it's so anyhow. So, it's actually put back to chart number two. Okay. And this, anyhow, the big chart in the middle there is the VIX. Yes. If you notice, the VIX, since basically mid June, it's pretty much going sideways and the SPX is going up. So, there's the verges and the top window is the SPX to VIX ratio. So, it kind of smooths out things a little better so you don't see all this jittery stuff going on. Right. And it's kind of moved sideways. It did kind of make a higher high but barely a week or so ago. But it's not getting real bearish. I mean, it can move sideways, I guess forever and the SPX could still move up. But what you want to happen for a bearish sign is it's a VIX to move up and while the S&P's is moving up and that's what usually happens at tops. The S&P's moving up and the VIX is still kind of moving sideways. So, it leans berries but not, you know, I wouldn't bet on put it this way. I wouldn't bet it short here even though it may work out. No, I wouldn't. Until that VIX starts going up along with the S&P's then I'd get, start looking a little bit more bearish. Yeah, that's getting through this window dressing too probably, right? You know, beginning of the month, that's... Yeah, yeah, that's a good point. You know, sometimes these tops, they ring a bell at the bottom and everything just blows out and you get a bottom and reverses and if you're lucky to buy into that bottom, you know, because a lot of times it never looks back. Right. On tops it's just almost the opposite. They go up there and they make a high, they make a higher high. They do. And sometimes these tops can take weeks to form. No, no, there's no doubt about that, man. It's just pretty wild when you think about it, right? Yeah, stay right there, Tim. We're gonna take a shot break and then we're gonna come right back, folks. We have the Dow Industries right now trading up 52. Now it's like it's down 47, S&P's are up 12. You can contact Tim every trading day, folks, at odd-or-d-oracle-or-c-l-e-dot-com. That's odd-or-acle-dot-com. Tim and I are gonna be coming right back, folks. Stay right there. 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. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, educating investors. 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. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices.  First-time subscribers also get a 30-day money-back guarantee. 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Distributor, four-side fund services, LLC. TFNN has launched the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den, available to all tigers and tigeresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. The back folks, Tim or Tom O'Brien, we do appreciate you growling and prowling us out here. We have the Dow Industries up 33, Nasdaq's down 56, PSPs are off 15 and a half. We're talking with Tim and the chart that I have up right now if Tim is the VIX and the SPY. Right, actually I wanted to talk about last Thursday, we had a bearish engulfing pattern drawn on the SPYs. In other words, being gulfed about, I look like about three-fourth of the previous days, it's a bearish counting pattern. Yes. And if you notice, he had kind of high volume that day, at least on the- SPYs. And what I found out over the years, a lot of high volume highs and actually high volume lows, majority of the time, not 100% of the time, the majority of the time are tested. Right. And so I'm thinking there's a good chance we could test last Thursdays high. Right. And if we test last Thursdays high and the VIX goes up with it, then that could really line up for a decent cell signal, I mean a reliable cell signal. I'm not saying the market's gonna cry too. No, no, no, which is sweet, no, I get it. I mean, because you remember, those, what is those, inverted hammers, they love getting tested, man. They love getting tested after you get an inverted hammer at the top and then it comes down, then it comes back up, especially when it has volume in it, I know. I can see that. Right. That high volume high at 95, 92 million. And you can go all the way back, I can go back six, well, at 104 million, let's see, that was in, what was that, June? Yeah, June 104 million. The last couple highs had some good volume, but we hadn't had something like that for a long time, man. Yeah, interesting, right, no doubt. So I'm taking you on the market, if you look in that inter-day stuff here, yesterday the trend closed at 1.25, anything above 1.2 is short-term bullish and as we're talking here, I got a trend of 1.2.  Yes. Either we bust through that, which I don't think we, I mean, we may close above it, but in that's where I'm thinking that's the key area, which is ramp on the SPX, I think it's 4607. So right around that 4600 area is a real key area, which is also the highs of February, March and April of 2022, that's where those highs lie. All right. So there's quite a bit of stuff right there that may line up pretty well, you know, when we hit it, I don't know, you know, a lot of times these signals come on Fridays are found, so they make your whole week admissible. Good. If you're going to be right or wrong, come Monday. I love it. Okay, so let's, you want to go to the next shot? Yeah, we can. Okay. We can. So they're actually, chart three and four are actually the same, the same chart. And I mean, there's just kind of a little review here. This is the 50-day average, you know, the bottom window that I'm looking at is, which is a 50-day average of the up-down volume percent. So it's a little bit longer term indicators, not like that, we've been looking at the 18-day average of the up-down volume advance client indicators, which is on a buy signal on the short term. This is a bigger, longer term indicator. And it looks like about June of this year, I didn't break down the date. Now, when that indicator up-down volume advance client gets below minus 20, use your exhaustion move to the downside. And if your exhaustion move down side, in other words, you're blowing out to the downside in the bottom. And every time you get down to minus 20, this chart goes back to 2010. It went back up to plus 20. And I did it every time. And so we're still below, or we did hit below minus 20, but so far we have not hit above, actually it's, excuse me, it's above minus 12, or plus 12. If you get a buy signal that's below minus 20, and a sell signal gets above plus 12. And so the buy signals are all circled in blue, and the red circles are all, the sell signals are all circled in red. And so every time you got a blue circle, you went up into a red circle at some point. So that's what we're kind of looking for. And we're around minus two right now. So we've got quite a ways to go. I know it's pretty cool, Tim, that we got through, we made it through last Thursday, because last Thursday was a rough day in the gold market, right? And then today, last Thursday, what happened is that we went from 2022 to 1981. And today we went from bottom line is that we went from what, 2004 to 1978. We're testing last Thursdays. And the cool thing is that you're actually testing Thursdays and the 12th of July. So it's kind of cool that that ratio is still holding up with a couple of tough days in here. You know what I mean? Yeah, yeah. I'm thinking the market's gonna hold up here. Right. You know, we're just screwing around, building some errands for the next move, but so yeah, we should actually get to plus 12 at some point between now and October is what I'm thinking. Right. But yeah, it gave a good buy signal. And in my opinion, on an airman scale was still on a buy signal. Yes. You flip to the next chart, which is chart four. Okay. Now, this is the same chart. And everything's the same about it. What I did notice on the bottom window there, to really have strong uptrends that needs to stay above zero. Okay. And right now we're about right at zero minus two on this indicator. I see, I see. And all the blue areas are times when those indicators stayed above zero. Okay. So zeros when the strong part of their rally began. Yep.  Right. Because when the advance or the up-down volume, when actually even the advanced decline get above zero, that strength in the market, that's saying more stocks are going up on heavier volume is what that says. And Tim, is that bottom one of daily? Yeah, these are on daily. Cool. Okay. So I can see it. Wednesday, you were below it, Friday above it. You jumped above it yesterday. Come below it today. Cool. I got it. Okay, cool. Yep. Well, this is on daily chart. They only update this. So we don't know if this is going to be above minus two today. Yeah, this is- No, it's going to be below it probably. A daily chart. Right? Yeah. I'm not sure what you're looking at here. Are we looking at the bottom one? I was looking at the bottom chart. So the bottom chart looks like it's going to be below it again today. But what we had done is that yesterday we jumped above it, which would make sense. Was it yesterday? Hold on one second. Let me look at this. No, it's a- This is a daily chart. So- Well, I can see- Wasn't it above it yesterday? No. Where the circle is? No. No, okay. Okay. Yeah, it's still below it, but barely. I see. What I wanted to point out here is when those that- Well, I'll have shaded there is all in blue. Yes. And that's when the parts, the strongest part of the rally begins when those two indicators are above zero. They stay above it. I get it. So I think that's still light. And from this last month it was there. I know I hear your music. I get it. Well, listen, this is always a pleasure. I look forward to speaking to you on Thursday, Tim. All right, thanks a lot. Have a great one, man. Have a safe one. Stay right there, folks. We'll come right back. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights. Your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox.  Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. 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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. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com, then hit watch Tiger TV. That's TFNN.com, then hit watch Tiger TV. Welcome back folks to Dow. Dow investors right now up 82, you get the Nasdaq down 43, S&Ps are off nine. Folks, don't forget about our man, Mr. Larry Pezzavento. So tomorrow morning, Larry's gonna be doing a live trading workshop. Larry's a patent recognition expert. Bottom line, he's gonna go from nine AM to two PM. The cost is right under a featured content. The cost is $295. When you get for that, folks, it's not only a great workshop, you can understand the patents, and then you get Fibonacci 24-7 for a full month, which is a $97 value. So if you're not in our Discord room yet, our Tiger Trading Room, you should go in there anyway. It's only a dollar, folks, okay? And it's a great trading room. We charge a dollar so that the content can get any scammers in there. We already know who's in there, which is a really cool thing. And if you are coming to Larry's workshop, it's a lot easier if you're already signed up in that room, because we have a lot of different rooms in there. It takes two seconds to get you in, but the bottom line is, is that please don't come in in the morning and call us at two minutes at nine to want to get it at nine, okay? You can do that, but it would much rather that you get over there, set it up so you're all set to go, because as Larry's throwing these trades off, bottom line, you want to be in the middle of those trades, that's what it comes down to. The market out here, bottom line, is that you're at the highs. That's the bottom line, and that's at high volume high, and the S&P still wants to get tagged, man. I don't know how it's going to get tagged, but it wants to get tagged. You know, we're right next to it. You can see, we've been in the same place, actually, let's see, five, yeah, 10 days, 10 trading days here, we've been in the same range. But you can see, this is sticking out like a sore thumb. It wasn't bearish and golfing, no doubt, but it's a high volume bearish and golfing. So we're at 456, 459, 44 is the number. Now we go to the queues. The queues are set up a little bit differently, because when we did have that high volume committed to queues, it didn't even get to its high. But the high volume is out there at 380, 471. And what you do have today is this. The queues did reject lower price at 380. You're at 382, so that's saying that, hey, tomorrow might be the day that's going to go after this baby. Always remember, folks, the bank and claw your hat out in the book and run you over, and thank God, there's always another trade. And have a great night of safe night, folks. Come back and visit Tommy tomorrow morning, kicks us off 9 a.m. Well, look at him, folks.


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I'm Nigel McMillan.  One third of cancers are caused by infectious organisms. So we're born with a set of genes, but we don't need to be cursed or blessed by them. We thought these determined everything from eye colour to hair and disease outcomes, but that doesn't need to be the case now. On many diseases we have, it's actually our genes that are at the heart of the cause of these things, things like cancer, aging and the like. We can edit these to change these outcomes. We treat patients right now and what is best for a big group, but we're moving towards precision medicine, and that is a treatment that works just for you as a patient, and that treatment may not work for the next person in line with the same disease. So in the future we're going to develop precision medicines that are just for an individual's particular disease based on their genetic makeup. We're going to develop antibodies that only fight your disease. We're going to alter genes that will cure you. We work to cure cancers that are caused by infectious organisms. We can go in and delete out the virus genes that result in this cancer, and we can cure this disease in our preclinical models. The next step is to get it into the clinic. I'm an infection control professional. I work with the World Health Organization as part of the Global Outbreak Alert and Response Network. So with the modern pandemic these days we're really concerned about how fast infectious disease can travel. Humans are flying faster. We're getting from point A to point B so much quicker. Of course we have refugee problems. We've got movement of people constantly. Low and middle income countries, there are different priorities, so competing priorities. Competing priorities is the main issue, but you know, sanitation, hygiene, education, around the equator particularly, and that's also where we see a lot of zoonotic diseases as well. So diseases which are actually originated in animals but then are transmitted to humans. In Australia we're very lucky. We have a wonderful vaccine schedule, for example polio in Australia. It's under control. Everyone thinks that polio is gone, so a lot of people will travel and not actually get themselves immunised for polio. When you're looking at prevention with infection control it is common sense. It is actually simple things like hand hygiene, distancing yourself if you're on well. His common sense is not as common as we'd like to think. I'm a biomechanical engineer and I lead a team of biomedical engineers, designers and scientists who develop personalised biomedical devices for injury and ageing. Personalised medicine has a huge role to play in ageing because at the moment people are just treated as an average as they age. The problem is we're not an average, we are personalised. We're developing technologies that prevents the break of musculoskeletal tissues or neurological or cardiovascular tissues. We're interested in training tissues so they get to optimum strength so they won't break. But if they do break and they do need repairing, how do you do a personalised implant to match what's broken? So it's usually a mix of regenerative therapies, 3D printing of implants and also intelligent rehabilitation. We work a lot with digital twins. If you're going to 3D print an implant, for example, then you need a digital model of that implant and of the person that it's going to go into. That's a digital twin. What we're doing with Dinesh Palapana is doing neuro-rehabilitation with a personalised digital twin. We're using the digital twin to interpret his intent when he thinks to generate the movement. He's relearning to ride the bike again with the assistance of the digital twin to replace what's been broken.


Meanwhile, Nigeria has so far recorded 10 new cases of Delta COVID-19 variants. The Director-General, Centre of Disease Control and Citizens, Dr Chikwe Ihekwazo, disclosed these are the ministerial briefing on COVID-19 in Abuja. The Delta variant is recognised by the World Health Organization as a variant of consent. Given its increased transmissibility, the variant has so far been detected in over 90 countries. Ihekwazo, who was represented by LCE Laurie, Director of Disease and Surveillance Department, CDC, while giving an update on Nigeria's COVID-19 situation, said that while progress had been made in response to the ongoing pandemic with a fast-paced development of diagnostic, therapeutic and vaccines globally, variants of consent with increased transmissibility. 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.


First, let's experiment together the SBSFU functionalities. During all these hands-on, we will use some scripts. So I will advise you to have an explorer window open to this folder. STM32 secure WS, TFM script. First, let's talk a little bit about the TFM-Nucleau L5 flash memory map. In the secure portion of the flash, we will have our SBSFU boot, our TFM application secure primary slot, that's mean the execution slot. And in the non-secure application in flash part, sorry, we will have the TFM-appli non-secure execution slot. And we've got the slot for the download of the new version of TFM-appli secure and the new version of the appli non-secure. So the first things we have to do before flashing any binaries is to configure the option byte of our device. We will set TRUSON enable to activate the TRUSON functionality. We will set also the flash watermark to set this portion of flash as secure and this portion of flash as non-secure. We will also set the sec boot address, where we will boot after reset. And also the dual bank flag and the SRAM 2 non-reset flag. Here you can see the traces of the script. So the step one. And let's do it together first. So this is my explorer window. The folder STM32-CQWS-TFM script. Let's load the step one script, step one prepare L5 for tfm.bat. You can see some warning and you can ignore them. Those warnings are here because I try to set the value that is already to the good value so it was not modified. But nothing else. So your device is ready to receive the pre-compiled version of the tfm. So the next step. We need to flash them. We have 3 binaries to flash. The tfm-appli non-secure plus its metadata. Mainly the signatures. The same thing for the secure application and the sbsf you boot. You can wonder why this folder and in fact it was the opposite order of execution. That mean when I reset, I will boot on sbsf you boot that will load the tfm-appli secure that will load the appli non-secure. So it's a good way of working to flash them in disorder. That way you ensure when you boot with the tfm-sbsf you boot all the rest of the application are here. So we will launch the step two to flash this pre-compiled version. We will check together those traces. Then we will launch the tfm, push the reset button and we should see the tfm traces on the tfm. So I can close this window. Let's flash the pre-compiled version. First we can see the non-secure application with its signatures. Then the secure application. Other can see it's bigger. And the last one was the tfm-sbsf you boot. Good. Let's launch our term-windows. And now I will press the reset button of my port. So here the traces. Let's have a look. Starting bootloader. Here you've got port and not supported. Those traces are when your device is empty.  So they initialize all the static value. Then we've got some counter, counter three and counter four. And in fact, this reflects the version number of the secure application and the non-secure application. At this moment, none of them are installed. We are in version zero. Then we will discover that we've got something ready and we verify the signatures. This is a secure application. And we set the counter three to the value one to say okay we've got a secure application with a version one that is now installed. The same thing will be done for the non-secure application. Then everything is ready. Then we will jump to the secure application that we call the non-secure application. Okay. So mainly now we are ready to play with all this stuff. So let's come back to the presentation. First, we will select the download secure image. So first we will select download the new firmware image then download a secure firmware. So here we will use the Y modem. Thanks to TerraTerm. And we will select a version two that I prepare for you. As you can see, there is two versions of the TFM secure binary sign. We've got the TFM S for secure encrypted sign V2. And you also have the TFM secure sign V2.bin. So one version, the firmware is encrypted. And the other one, the firmware is not encrypted. The both are signed for sure, but one is an encrypted version and the other one is not encrypted. I will do it with the encrypted version but you can also select the non-encrypted version. You can wonder how it works. How the SBSFU can detect if it's encrypted or not. In fact, there is a flag inside the header and the key that is used to encrypt this firmware is embedded also in this one. And this key is also encrypted in an asymmetric way. So it can be decrypt just by the SBSFU then it can be used to decrypt the firmware. And we will have done this. We'll see the download that is successful and then we will trigger the installation and I will explain you the different traces. So let's come back to our application. So we decided first to download a new firmware so I press 3. Then I want to download a secure image. So now my application is waiting on the Ymodem So I select File Transfer Ymodem Send By default you should be at a good location which is a application Tfm for Workshop Archive. And there you've got many binaries. So let's take the good one. We want the Tfm secure to.bin. You can also use if you prefer this one Tfm secure but this one is not encrypted. So you will see from a functional point of view it will finish with the same value install and it will be a version 2. So let's take this one, I open download is started So here is only everything is happening in the non-secure world. We've got a non-secure application we embedded the downloader that will push the image in the downloading slot which is in the non-secure. And now to trigger the installation we need to have a reset. So we can press 1 or you can press the reset button because the installation will be learned by the SBCFU boot which will be executed at start. So let's press 1 and let's check together the traces. So here first we've got the 2 versions I already told you about the secure application is still version 1 and the non-secure application is version 1. Here we've got a swap test that means it detects there is something in the download area and it will test it. Those traces are in fact the key that will be used to decrypt the firmware that is encrypted. So if you have selected the non-encrypted version of the firmware but have those traces. Then you verify the counter you say ok it was a version 2 I was in version 1 so it's ok I'm going to an update version so it's a load. If you try to downgrade you can still flash at the same level. I mean version 1 with version 1 but once you have installed version 2 you can't install any more version 1. This is the anti-rollback mechanism. Counter is ok then you verify the signatures ok so it will upgrade the secondary slot The swap type known here is just to indicate that it didn't detect a new version of the non-secure application because we can update the both at the same time but I prefer here to decrypt the exam. So to install it it will erase the primary slot so the slot of execution it will decrypt the version and then it will copy from the secondary slot the downloading slot to the execution slot and then it will set the counter to the version 2 ok then I will say here installation is finished and now it go to the classical boot loader it will check the counter it will check the signatures of the secure application of the non-secure application engine job. In this version 2 I added the traces in the source code that way you can see you are really updated the secure application. So here you've got the sum up of what I've just told you. Let's do the similar things for the non-secure application so the principle will remind the same you can use also an uncrypted version or the un uncrypted version and we will say that we've got similar traces. Let's do it so this time I want to download a new firmware so tab 3 the non-secure application tab 3 and then file, transfer ymodem send non-secure uncrypted side version 2 and I open. For the moment we've got a user name userapp and the version 2 will be a userapp So as you can see the download is ok but we can trigger the installation as I said previously we can download the both image and do just one reset to upgrade the both images at the same time but here I just decorate them so this time I will press the reset button and you've got something similar swap type known first so that means it has not detected a new version of a secure application non-secure application here you've got the encryption key you verify the counter so here we've got the secure application in version 2 the non-secure application is version 1 here we upgrade the non-secure application to version 2 also the signature is ok in the downloading slot so ok we just copy hits and check the signatures again and install them and now you've got a user B application ok so I show you how from a functional point of view we are able to upgrade the secure application and the non-secure application now I would like we experiment together the test protection menu and then specifically the non-secure try to access the secure and after we do the same with the test GFM so here I just click enter 1 so test protection non-secure try to access to secure and here we can see the successive reset we've got this result so the test is ok and let's have a better look we try to win 1 byte from the data secure at this location and in fact it fell ok and this trigger a reset so our sbsfu is booted again he launched a secure application that launched a non-secure application non-secure application don't display the usual menu because he remind or think the variable in SRAM he can see that it was testing this functionality and launch the next test with try to read at this location another byte again a reset here we try to read at this address which is a secure address for sure again and each time it will give you a cumulative result here quite simple now let's test the GFM so if I press 2 here it should remind you something PSA API on the GFM secure services so the 3 one are crypto one for sure G for secure storage you remember secure storage when you need to encrypt the data before storing them because the storage is not protected by hardware protection then we've got the hits for attestation token remember token you give a value and you will receive this value concatenate with some other value of the system that will be signed internal trusted storage this time store the data inside the location that is hardware predicted so no need to encrypt and then some short services we can launch all those tests with 0 let's do it and you directly get the status so encryption ok SST we set and we read and we remove from the storage for the token test or the attestation token test we give a token of 000 concatenate with some information of the system and then sign it internal trusted storage and you've got a cumulative result 12 out of 12 and that's it many for this first part so where do we stand now we experiment together how to flash a new version or to install a new version of the tfm-apply secure of the tfm-apply non-secure we also experiment some service code thanks test embedded in the user app so this is really the functionality that's bring by the full tfm a secure boot but secure firmware update and secure services next possible engine we will compile and debug then we can activate some hardware protection the HDP and the HDP0.5 if you want to stop and you don't want to go on with the rest of the engine please jump to the board cleanup slide to put your target as at the beginning of this engine


Good day fellow investors. Today we're going to discuss a company called Kudian, a Chinese online microlender that we have already mentioned in our video about Chinese IPOs, but I said I need to dig in deeper into the risks and to see really what is the value of the company in relation to its current price. Since then I believe the stock dropped from 25 to 12, so that's a huge drop which makes it a very interesting opportunity also. Stock drops are not always bad. So this is the company, it has 56 million registered users, 23 million approved users and during the last quarter 7.5 million active borrowers in a market of around 400 million potential customers from the Chinese savvy internet users. So that's just a drop in the sea, huge potential there. Staggering growth numbers, 300%, 322% net profit growth, so really amazing growth there. If we look at the quarterly transaction revenue growth, huge growth every quarter, slowing down I expected to slow down further in the future as growing at 200% a year is a bit much, but even if it grows just 20-30% per year it is still a very very interesting proposition. Now what's even more interesting is that Kudian has doubled its revenue from sales commissions. So Kudian offers cash, short-term loans 2-2.5 months, where the average loan is $139, so very very low, really to the underserved community, online community in China and there is merchandise credit which is going to 8-9 months almost. However on the merchandise credit also Kudian has an online platform and they sell merchandise from other sellers and for example they get 40% commission if they sell a watch of a luxury bag on their online platform. So if we go back to the slide here we can see that sales commissions fee grew from 151 million RMB to 295 million RMB over one quarter, so it doubled in just one quarter and that is also a focus of the company to diversify its products, to diversify its revenue stream. As we can see the financing income was not growing that fast over quarter over quarter, we are not talking year over year here. The delinquency ratio is very low and the company expects that the delinquency ratios to grow from 0.5% to 1% so there will be higher costs related to that as they increase the number of users they allow they hope that they will approve 80% of credit requests. If we look at quarterly net income we can see net income in dollars of 0.34 dollars per share. Now we cannot really take these 0.44 dollars as a given for the next four quarters because a lot of things have changed in the Chinese regulatory environment in the last few weeks and that is the main reason for Kudian's stock drop. This is important, financing income over the quarter was 1.54 million RMB. Total revenues 1.4 billion RMB. The net income was 651 million or 44% of the total revenue so that's a very very large net margin. However if I compare it to the short-term loan principle and financing service fee receivable which is at 10.6 billion RMB and I go back to the financing income of 1.05 billion RMB when I put 10.6 billion RMB multiply the quarterly income by 4 to get to get 4.2 billion RMB as a yearly base for the financing income I get to an average interest rate charged by Kudian of 40% which I would call usury. However the government has lowered recently the maximum charged rate to 46% and Kudian which has been showing leading market practices has already lowered the rate to 46% in March 2017. So this data has been already the lowered rate which has been regulated by the government only now so Kudian is really the leader in the sector we can say. So we have the government capping the interest rate at 46% but Alibaba and Alipay has kept from the end of November will be kept at 24% so there is even more pressure on Kudian's margins there as big part of their market is from Alibaba. Nevertheless if I apply a 25% interest rate on my previous calculation I have to deduct 400 million from net income 400 million from the financing income which means that at no growth I get a quarterly net income of 0.1 dollars per share time that by 4 we are at 0.4 which means surprise to earnings ratio now of around 30 so there will be a real pressure on Kudian's net profits and they cannot show the same margins that they have been showing in the past however the situation is not that tragic as the market might think because 0.4 dollars per share is already now a price earnings ratio of 30 which is good for a company that's growing 100 200 300 percent of whatever quarter after after quarter so that's one point to take into consideration if you want to invest into Kudian. Just a look at expenses we can see that as Kudian has been scaling expenses have been dropping these expenses sales and marketing will drop even more as Kudian has switched from a cost per pit paying rate with Alipay to a cost per sale paying rate so the management expects a lower marketing share of costs in the future. So if I just put my calculation of current at market cap interest rates 0.4 dollars per share in a model and we see 20 25% growth in earnings over next year which is really really conservative I get to an earnings per share of 0.6 in 2018 which is just a P ratio of 20 at the current price of 12 12.5 so if Kudian manages to grow at healthy rates and with the lower interest rates it could happen because they could grow even more thanks to lower interest rates which makes them more attractive to customers. There will be raises in the loopholes that's a given however it's still a small market it's really something that's growing especially the consumer market in China we have been discussing online retail in China and how it's a market exploding and the huge potential it offers so if you want to be exposed to such a market through a micro lender of financing that could become something in the future but could also go bust so really no the risk is I will lose everything but the potential is huge if Kudian manages to grow from the 7.5 million customers it has now scale on its base increase the diversified product offering there has been mentioned of auto loans in the conference call so very interesting a lot of potential but investors have been burned on these Chinese growth potential companies a lot in the past that's the risk reward that's simply it with the Chinese recent IPO just look at the IPO and the use of proceeds they will use it for they will use it for marketing strategic acquisitions and general corporate purchases they get their funding for the loans from institutional funds and they will continue to use those for getting money to customers it's a very interesting company a lot of potential a lot of growth potential however the market doesn't like it if we look at what happened to the stock price in the last month since it IPOed at first it was excitement and the stock price increased 50 percent then it dropped almost what 75 percent from the one month ago high the problem is that American investors I think are very very scared of Chinese IPOs and as soon as there is trouble as soon as there is potential of anything bad happening everybody pulls out their money as it's the recent IPO we have no stability we have no confirmation we don't know anything about the company and that's why the stock price is cheap however the pattern is very familiar so to conclude I have no price target from for kudian I hope it goes to five so I don't know whether where the stock will go nobody knows that however if you look at earnings we have even with the worst most conservative net profit margins from the lower interest rate caps we still operate profitably so even with the governmental clamp down profitability is still there so kudian will continue to grow if it grows at the same rates as it has been growing we can see earnings of 60 cents 2018 one two dollars in 2019 2020 who knows so there is huge potential if we see two dollars in 2018 confirmation of the growth price earnings ratio of 40 then you are at 80 that's a potential for a company like this however there is also the potential that there will be losses that it doesn't work out that well so you have to really always see the risk and the reward the risk okay I lose 50 60 percent of my investment the potential is I make five times my investment so that's the story behind kudian and so you have to approach it with a percentage of your portfolio that is for such risk reward investment in investing it is always risk reward remember as always how to start a position in such a company it's a falling knife look at my how to catch a falling knife video think about starting in stages if the drop continues today or yesterday I'm filming this Monday morning so the market is not open so I don't know what will happen today so thank you for watching I hope you like the video I hope you enjoyed the stock I hope you enjoyed how to deal with these companies and I'll see you in the next video


Welcome to the week 1 of the course. In the previous week, we saw that Amir, who owns the sports equipment company, received an order from Manali to ship some sports equipment to Manali. Now this order was first processed by the billing department, which took care of the payment. Then the order was processed by the dispatch and packaging department. So the key takeaway here is that the billing department knows its billing process and the dispatch department is aware of packaging and sending the order. So every layer of the company knows its own function and they send the order to the next layer as they're done with the order. At the end of previous week, we had also asked you a question to think about and give your answers in the discussion forum. Based on that, we have a reflection question for you. What we want is to go through the question, think about it, pause the video, write your answers, and then continue with the video. Which of the following are valid solutions to the challenge of the shipment is heavy for a single person in delivering the materials correctly on time? Option A, as all shipments are modular, they can be taken in parts by the same person on multiple trips. Option B, as all shipments are modular, they can be taken in parts in multiple people in individual trips. Pause here for a moment. Think about both the options and pick one which you think is correct. And then continue with the video. So some of you might have picked option A. Well, option A is a valid option. It is not efficient because one individual has to travel multiple times, which is time consuming and not practical. I agree. And if you look at option B, this seems to be a much more efficient option as the shipment will be sent in time, as all the people are traveling at the same time. And some parts of the shipment could be sent via cheaper transport medium. So it could be efficient on the cost aspect. So continuing in with the same examples, there were a lot of other challenges too. Like every delivery person could carry only 30 kgs of goods with them. Hence, as discussed in the forum, the entire order of the huge weight had to be broken down into orders of 30 kgs. Also, if we number those smaller modules while they are being broken down, then it will help in keeping track at the other end also. It is easier for reassembling. Exactly. And that would also help if one of the orders got misplaced, they could track that order back or send a replacement for that order. Right.


Okay I introduce myself it's very difficult to pronounce I know okay let's share my window my screen are you seeing my presentation yes can you see my okay that's good my name is Muhammad Rizad you can people call me Rizal that's much simpler and I first of all I would like to thank Edgar Ali and Ali for organizing this interesting conference I'm going to use my time to give an overview of some projects that we are dealing with right now of course I will not go very deep on this project because the number of the project that's and time that I have but I would like to introduce my group that's soft condensed matter group at Shariff University of Technology and where we are interested to anything soft from molecules to human and just starting from the molecules I have to say that's mostly we do molecular dynamic simulation of biological systems and for the just I would like to give a short advertisement for the treat presentation that's my group we'll have in the next days the starting from from the net us work that is thermal conductivity of the cell membrane that's in somehow if we're looking at the title of the conference this seems most relevant work of my group to the conference it has water heat noise and is important to the life as we know that the temperature is very important and to the life and if the temperature is important then the temperature difference is important and then the thermal conductivity is important and is going to talk about the important how thermal conductivity of the membranes can be affected by presence of the other kind of the molecules then the next talk is Najla's work that's he she will say us about the how we should we care about the change of the environment when we are calculating free energy in when a molecule is going to pass through the membrane that's a very important process because for example if the some draw if some drives are going to reach the internal space of the cell it has to pass from the membrane then it feels a barrier free energy barrier when passing the membrane and the question is when we are trying to calculate the free energy of this of such kind of the process and the molecule the drug is starting to move in a water environment and then goes inside the membrane the environment is changing then the partial chart it's passing is changing during the simulations but usually people are not care about the this partial chart and Najla will say us how we can switch from one force field to other force field along the simulation the third type is giving is to is being by Maryam Azimzadeh she was my postdoc in the group and right now assistant professor in Shahid Bayesh University and Maryam is going to say how sugar and glycan are important in immune system of human body that's all of these talks has been scheduled to be presented in on friday and just know i would like to go to the other researchers of the other researchers that our current here is doing in the group starting with Zahra's Zahra is a PhD student senior PhD students is going she's going to defend in couple of the month and she's working in a statistical mechanics of linear catenines when we say the catenines that means talking about a chain of some rings polymers that are connected to each other and the number of the chain rings if is n we call that linear n catenines in sometimes you can have branched catenines and the question that Zahra is trying is answered is how radius of the gyration of this kind of the chain are scaled by m the number of the beads inside in any ring and then n the number of the rings along the chain and well with a florida type theory she could find that the exponents are different for m and n mu and nu 0.64 for m and 0.6 for n and with huge simulations she could show that the results of the simulation is good agreement with the this story that this simple Ferrari approximation that we have for the catenines and here you can see that's the difference of the radius of gyration in terms of changing the m and also n and here you can see that's a synthetic values as approaching these numbers that is very good in good agreement with approximation also she looked at the effect of solvent quality the lambda parameter here is a parameter that's controlling the interaction between the then our Jones interaction between the particles in somehow it's presenting quality of solvent and she could find the theta transition and look at the look at the behavior of the chain around this data point. What do you mean by quality? Why do you call it quality of the solvent? Actually we in this simulation is a coarse current simulation that's here we don't have water and all of the effect of the water and the solvent comes in just with the interaction that we have between the effective interaction that we have between the okay just we control in the board and the distance parameter and okay that's okay and also there are some other results in this paper that she published in soft matter recently if you are interested in that point. The other research of the group that we are dealing with that for a long time is a model that we call that virtual cell model starting with the work of the summer students few years ago and now Ali Farno the PhD student of the group she's the main person in developing the model and also the software and we have introduced the model in this paper in 2017 that show that's how this virtual cell that we have introduced is able to show elasticity and deformation of the cells when it's sitting in different kinds of the substrate and there is a github right now for for the software that is available for anybody but the model it has not actually the software has not been released officially yet and the model is consists of the different components of the cell membrane that's we have two membranes one external membrane one necklace membrane and a viscoelastic media that fills the space between two membranes and that is representing cytoskeleton of the cell and some chains that's our camp are sitting inside the necklace representing the neclosomes structure inside the cell and if you put all together then we have a virtual cell that's with considering a substrate that's representing ECM we can look at the interaction of the cell with the different kind of the surfaces for example here you can see how it changes the shape when it's sitting on a hard or soft substrate and I'm not sure that the movie are seeing well that's because of the can you see the movie yes okay yeah okay it's good and also the model is good in prediction of the seam cell structure a shape when we put the cell above a different kind of the substrate with the different topology that's people are able to do that in the experiments and we have shown that the model is in good agreement with the experiments in such a way now we are doing with these models a few projects chromatin dynamics inside the necklace is the main project of alipharno these in collaboration it's in collaboration with alphe ever as in leon cell mobility is the something that's such a sort of my mastery students is introducing to the model that's the model this object can move in the according to the some difference in the properties of the substrate or some chemical arounds that so we can it can show the chemotaxis or neurotaxis or topotaxis or something like that and why virus budding is something that's what she used that did as the mastery students and now two undergrads are going to continue that's for all is doing all for all these projects we use this virtual simulator the other thing that's now we can go through is from activity of a cell we can go to the activity of the many cells when we have many cells that are growing above the surface for example this kind of the bacteria that are growing we have the culture of this bacteria and you see that's in high concentration they are making some pneumatic phases like pneumatic phase in liquid crystals but in this case because the objects are alive and growing we have some kind of the activity they are moving and the stress is going to increase in some parts when there are more bacteria there and this kind of activity can affect the dynamics of topological defects and the is kind of the media we call it active pneumatic we actually learn from this paper that's if we would like to look at the pneumatic dynamics of the active matter active pneumatics we can start from Ericsson Leslie Torio for pneumatic dynamics of the liquid crystals three the equations are the same the diffusion equation now we just take the equation with the terms of for external pressure and internal stress that stress is defined in that such a way and a term an equation that's governing on the behavior of the pneumatic order parameter and when we are going to go from liquid crystal passive liquid crystal to active pneumatics we have to add two source terms to diffusion and stress because by growing the particles the concentration is not conserved we have a production of the particles and the when the particles are conducting the stress in that point is increasing adding these two source terms we have a more complicated usually solving the pneumatic dynamics equation is very complicated non-linear equation but having these two source terms makes the problem a little more complicated and we are doing we now have some kind of the um simulate sorry what we have some kind of a kind of different simulation that's solved to solve the equation to see that how the defects are active this is a initial condition for the system that we have and you this is for the director field and you can see some defects a political defects plus mine half plus half and minus half and minus half and here you can see the lost field of the this active media and we now see that's a how the activity can produce some kind of the movements and sometimes annihilation of the charge to political to political charges and something that's we are working at that point right now to see the activity of the defects in this kind of the active pneumatics Muhammad Fazer Zadeh and Ali Reza Hashemi are two master students working in that project excuse me can I ask a question yes of course what is the boundary condition here in this simulation here we have the fixed boundary condition but what we can do that's the same with the periodic boundary condition also okay so you see a similar thing with yes that's okay we can do we can make this is periodic but in this movie it's fixed boundary condition thanks here we come and the next one is something very close as years work that's when we have a particle moving in space and have the collective world is called that active media active matter and we are all familiar with we check model that's have a alignment term when the particle are moving any particle would like to move in the direction of the particle in the neighborhood and what the question is when they are approaching each other and what can control that's we that we avoid a crash between the particles these two birds when they are flying we don't they don't like to crash in the sky and there is some kind of the repulsion interaction that is applying to the particles in some kind of the torque that's change the direction of the movement when they are approaching each other and with this kind this model we have shown before that's the work that's Hamid Sayid al-Adid in a few years ago that's we can reproduce the structure four fold symmetry defects of swimming bacteria in confined environment in the our simulations that's something that we know we are interested if we go to the three dimensions and start with the same model in three dimensions and alitayi master is doing that we can see that and use the same model we can see that the all of the features of 2d model is preserved here again we have symmetry breaking due to velocity alignment we have flocking but in the three dimension there is something very interesting that's we can have big turn something that's us here told us that is in interest of the people working that's a kind of this model and just to see how it's a big turn this is a artistic representation of the result of Ali just you can forget the background but the particles are moving in a peric boundary condition and you can see how the big turn appears in the movement of the this particle is like remembering of the bird and just as you are seeing this movie I would like to thank our collaborators Ali Hassan Ali Ralfa Perez, Christos Likos, Mikael Loon and Murtaza Mahmoudi that's all are helping us in the different projects that I have presented here if thank you for your attention thank you very nice very much sorry thank you very much for this nice talk we have time for a couple of questions can I ask another one sorry if you go back to the 2d picture yeah this one is it like empty in the middle yes yes there is and even in the experiment you you can see that there is a low concentration in the middle okay but is there a reason for that just because because there's some kind of the alignment the particle have with the walls the walls are here we have a confinement and the particle when approaching the wall moving in the direction of the walls and always I would like they would like to stay in the borders and is now there is no reason to come inside okay yeah thank you can I ask a question it's um I I would like to know more about this virtual simulator model what is it based on and what kind of properties can we find is it only for the whole behavior of the cell membrane and or we can see some interactions between cell and something else and can you explain a little more thank you yes and as I thought that we have a triangulated membrane that has everything is doing in here we do MD simulation for the any part and nodes that we have here there is a mass for any node and we have all of the kind of the interaction that we need here for the triangulated membrane we have both bending rigidity and young modulus between the uh links and to uh present a membrane and there is some kind of the Monte Carlo jumps between the links that's produced some kind of the fluidity for the membrane for viscoelastic media we use uh you walk uh Maxwell model to to reproduce the real the correct rheology of the cell and for the uh chains that which are representing the chromatines we just have a model of the bead and the spring that's we put all together to make them chain all of the all the parameters come from the experiments for example the bending the young modulus the rheology of the cell all comes from the uh experimental data and just for the uh adhesion with the uh substrate we have some points in the between the surfaces and the membrane that's can produce can we can we can have a link or we can have a broken link between them that's all of the things that we need and we this uh interaction that we have we just let the cell sit on the surface here for example the membrane even the substrate is has some kind of the uh a stiffness here is really stiff is a software and with some kind of the viscoelastic media we represent the substrate also


If we listen to the McKinsey Global Institute's latest report and it's gotten the attention of all the migration scholars and gurus, they tell you 3.3% of the world's population, migrants, produced 9% of global GDP, which is 4% more than they would have produced if they stayed home. So I, as far as I'm concerned, that is a key point that migrants are development agents. Now, it's not just a question also, people are, yes, remittances are important and yes, 429 billion US dollars go back to developing countries every year. That's important and that is a contribution, but they're making social remittances the talent they bring back. We always hope that every migrant who decides to return home will either bring back an enhanced skill or a new skill or money to invest. And there's absolutely no contradiction between being totally integrated in the local society, host society, and being an active member of the diaspora. We're talking about brain circulation. Second point, migrants in crisis, we have to be particularly attentive to them because we have the largest number of migrants along vulnerable pathways and facing trouble, about 66 million that we've had since the Second World War. Third and final point is the emphasis of the World Migration Report is on the contribution of migrants, the contribution of the World Migration Report to migrants and migration policy. We've done these reports now since 2000. This is one of the most important ones we've done. It's taken on heightened importance in a period of information overload, fake news where you don't know what to believe. This I think you can take as something that you really can work on. This report is designed to demystify and demythologize migration based on evidence and facts.


The Ministry of Health and Wellness received confirmation of 16 new cases of COVID-19 from the Israel Long Laboratory on Wednesday, January 27, 2021. This is from a batch of 258 samples which were tested. This brings the total number of confirmed cases of COVID-19 diagnosed in country to date to 1029. All 60 cases are St. Lucia Nationals who range in age from 4 to 76 years. They are from the castries Souffre, Ansleray, Viewfort, Grosile, Denry, Barbono, Niko and Schroesel districts. All of these individuals were seen at community-based respiratory clinics where they were assessed and tested for COVID-19. As per protocol, they were placed in quarantine by healthcare practitioners while awaiting their COVID-19 test results. Cases have since been made to move these individuals into isolation. The contact tracing team is undertaking investigations to identify the contacts of these confirmed cases. Chief Medical Officer in the Ministry of Health and Wellness, Dr Sharon Belmar George, during a press conference explained that part of the ministry's response to the increase in cases of COVID-19 is the commissioning of two new facilities. We are noting the increases in cases and we are adjusting the system to manage the patients in a safe way and to continue in terms of the surveillance within the communities and also to contain. One of the things I forgot to indicate that later this week we'll also be including two other hotels as isolation and also as quarantine units to assist us in containment and isolation of persons. Once this starts we'll provide you with that information but we are already preparing to start off with two new facilities to assist us to manage the increases. The Ministry of Health and Wellness on Wednesday also received confirmation of the recovery of 30 individuals diagnosed with COVID-19, bringing the total number of active cases in country to date to 491. As at news time one of the active cases is in critical care at the respiratory hospital and all of the others are stable.