Good afternoon folks, Steve Rhodes coming to you live from the shores of sunny, very sunny Delray Beach floor to this you 1pm update, slightly mixed bag out here, that mixed coming from the semis in the Nasdaq, they're trading slightly green, Dow's off 100 points, three tenths, the semis off are this S&P's up two tenths or eight points, Nasdaq's up one tenth or thirteen, semis are up three tenths or seven, Russell's off one and two tenths percent or twenty points, so that's a big loser to the downside, Gold's off thirty bucks, it's down one and seven tenths percent, while Silver's up two pennies, Light's recruit off two sixty eight, she's traded ninety six eighty, natural gas off three cents, five forty eight is a print there, and the thirty year treasury is down one point and ten ticks, one thirty nine twenty seven is the print there, what does all that mean, jelly bean, well if we go take a look at our nine panel market update chart, we'll see that the ES mini, upper left hand side just running into where the sellers are located, we know that the seller is located at the top of that daily profile, that's at thirty eight forty two, that's your level of resistance, now the SpotBallotinix is trading just below its fifty day exponential moving average, so it seems like these two are set, waiting to see what the Federal Reserve minutes say at about two o'clock, so really be during David White's show out there, Tom's show where we'll really see what kind of reaction or what have you, but right now the message is neutral, SpotBallotinix is below the fifty day, while you have the ES mini up where the sellers are at resistance, the Nasdaq equity contract is also up at resistance, that resistance level is the bottom of its weekly profile, so eleven eighty eighty nine is an area if you're bullish you're looking at clear and if you're bearish you want to see price stay below that, US dollar index continuing its move up to one oh nine, that's the one one A to B equals CD, your trade at one oh, basically about one oh seven right now, one oh six point nine four, you got gold trading down lower, it's straight out at seventeen thirty four, today is bar number nine of a TD nine count, says we should have a completed pattern by tomorrow, Silver already has a completed TD nine count, that is today is the bar following bar number nine, so you want to watch today's low in the case of Silver, if you do see a close below today's low, whatever that is, that's going to suggest lower price, like recruiters made the one to one price projection at the ninety four twenty four area, a bullish reversal candle would be a gartly buy pattern, natural gas has made the one to one down move out here, it's at the five thirty five level, it is also waiting for a bullish reversal candle, in the case of the thirty year treasury, finding resistance and selling off, once price got up to the top of that resistance level, the top of its weekly profile, one forty one twenty three, folks stay tuned for the Traders Ed Show, but if you're off to start your Wednesday, please have a wonderful day, thanks a lot for joining us, hope to see you


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The following is a presentation of TFNN the morning market kickoff With your host Tommy O'Brien Now Tommy O'Brien Good morning everybody. I'm Tommy O'Brien company alive from TFNN 906 a.m. Tuesday morning We got about 24 minutes to go until the start of trading and you got markets slightly in the red right now You're looking at an SMP negative by 11 points trading at 45 66 quite the acceleration Yesterday we zoom in on the SMPs 9.15 a.m. 9 30 we'll call it that was the low of the session folks you were down at 45 32 You close out the end of the day at about 45 80 you back things up I mean we are negative by 11 ticks right now folks, but we're basically trading at where we were at 345 p.m. Eastern time last night. So basically right at where we are Talking about the Nasdaq 100 you're negative by 55 points right now yesterday You trade from about 14,800. We end the session at 15,150 Nasdaq 100 up about 2% yesterday Dow a little bit of a different story Dow actually below Where we were yet below where we were at about 830 yesterday Dow little bit of a laggard trading 34,746 Russell negative by two points trading at 2092 right now we jumped to Bitcoin $47,000 we'll see if Bitcoin gets any attention with mr. Elon Musk getting a lot of attention this morning We'll jump over to that in a moment. We got crude back above 104 We were just above 105 talk about some volatility yesterday crude trades from about 9850 to above 103 towards the end of the session we're sitting above 104 right now just to show you where we've been folks You put this on a minute Since 9 o'clock in the morning. It is currently 9 0 8 folks We're oil down a dollar oil moving a dollar every 5 to 10 minutes right now back above 104 We'll see how crude reacts back to a 15 minute chart on the charts We jumped to gold gold catching a little bit of a bid as oil pulls back 1939 golds up $5 this morning and we jumped to notes and bonds We got a little bit of lower price and higher yield the tenure off 11 ticks right now the 30 year off 21 ticks Now the tenure take a look at the daily We're coming right back down to the lows we had on March 28th at low one 20 30 basically 121 was the low okay 121 just for good memory. We're 23 ticks away from there folks 121 23 and we jump over to the volatility index this morning 1927 little bit of a pop this morning, but all things considered Quite the roller coaster ride. You got two roller coaster rides folks really let's back it up again Since the beginning of the year your first little ebb and flow around January and then we get two big runs The Vicks runs up to 38 98 that high made January 24th We get up to almost 38 on February 24th We get up to 37 52 on March 8th, and then the run really slides to negative prices It begins March 15th. If you remember folks, that's where the Nasdaq 100 That's where all the markets began their run the Vicks goes from about 34. We're sitting in 19 27 We basically give all of it back talk about poor Parabolic would be the term, but boy, we'll see where we go from here Because I don't imagine it going any bit lower talking about 16 17 18 in this market There is a lot of volatility In this market now you want to see something interesting folks I'm gonna back things up for the Vicks on a five year. All right. I'm just gonna zoom in on the action So you can see The end of 2019 coming into the beginning of the pandemic It's almost hard to remember folks that we had a Vicks floating with an 11 With an 11 at the beginning of 2020 Things really escalating February 19th. You're sitting at 14. Okay, February 20th You're sitting at 17 February 21st, and then over the weekend things really escalate And they never look back until the Vicks got up to 85 Something to keep in mind here. All right, I've talked about it before I wish I'd done this myself. I think it was February 28th. I tried to look on my on myself I bought some n95 masks at the beginning of the pandemic. Okay, I did it February 28th Things getting a little bit out of whack. I'm in the market. So I start to realize. Hey, you know what? Let's back it up to the ES. We're gonna do a quick history lesson to kick off the program Why not before we get into Elon Musk and his Twitter aspirations? So I'm gonna zoom in on the pandemic again. Okay The sliding ends as I mentioned February 20 at 21st, and then the weekend comes back February 24th The run really escalates now February 28th. This is February 20th. I believe that's the day that I bought some n95 masks All right, the market was trading at almost 3,000 folks. Okay, it had a solid 800 points to go in The S&P it had a solid 20. What is that? What is that? 3,300 points would be 10%. Yes, you're talking about almost 30 percent 27 percent 26 percent still It had to go to the downside point being I wish I listened to myself then folks.  Protect yourself here. Be careful.  You better eliminate some of that risk got out got some n95 masks You know what? I ended up using them over the last couple years One big box in them was enough that I was able to use them in those times that you maybe just wanted to Be extra careful for whatever you were doing around people that you want to be extra careful of or maybe your parents before you got vaccinated Point being boy, I really wish and wish wish I had listened to myself at that time But guess what a lot of people said hey you trade from 3,500 man You touch a low of 2,800 just like that you bounce back to 3,100 market bounce like 10% in two days Remember sad maybe we're out of it. You know, maybe we're out of the woods here No, not so fast down to 2,100 a good history lesson to listen to yourself folks when you see those things because boy if I was worried enough to be buying n95 masks, okay I should have been paying attention enough to realize that the market Might have a little bit more to go even if it's a short-term exacerbated low and boy You back things up and and talk about a run folks. You basically never look back from 2,174 Let's zoom in what day is exactly March 23rd, okay, 20th was a Friday. That was my birthday 23rd was a Monday. We make the low on that Monday I remember all the talk over that weekend because it was my birthday weekend Even my friends and I saying hey, what's going on here? I mean is the S&P really gonna go to 1,700 1,800 1,500 no, okay We had reached a low 2,174 that those that had cash available at the time boy talk about a buying opportunity of a generation Maybe you trade from 2,174. We're still trading at 4567 from that run, but folks I See those charts. I see the VIX reacting. Okay now I went over it just listen to yourself in the future because if you're young enough these types of moves They only happen every so often but boy that was an opportunity and we kind of knew it folks Okay, but it was almost hard to imagine. That's the thing You almost didn't want to imagine that life was gonna change so dramatically even though it was kind of writing on the wall I remember one Japan first St. Kids home from school it was happening but I Said to the people in my household at the time Hey, if it can happen in Japan it can happen right here And if you cancel schools for the whole country in March and you send everybody home And you tell them they can't come back to school just that disruption alone as we all know now For people who work people who can't take care of kids in the day that's most people folks and Yeah, that mattered the market reacted down to 21 74 But listen to yourself when you see those things happening if they ever come back again because that was a lesson myself I I protected myself by buying some N95 masks. I did not protect myself well enough in terms of investments at that time But boy, you live you learn you move on and yeah We all got a lesson in a big way but keep keep those spikes up folks because you know You think the run is over to negative prices folks Well, we got a long way to go with rate hikes inflation supply chain shortages the whole deal stay tuned folks We'll become right back. We'll take a look at Twitter. They got a new clip. 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Watch online at tfnn.com or on tfnn's youtube channel and become the investor You were born to be tfnn educating investors Folks we got the s&p's right now negative by about nine points nasdaq 100 negative about 40 dow negative 76 All the markets in the red barely after quite the day yesterday Let's jump over to our man kevin hanks every trading day folks 12 noon eastern time fast market on the td ameritrade network With your host kevin hanks and tom white. They break down the day's market action. They walk you through folks Hypothetical trade setups. Okay on the thinkorswim platform. You're talking about options. You're talking about defined risk kevin hanks. Good morning Good morning. Tommy o brian. Yeah, what a what an interesting start to the trading week, right? It's not often Tommy that you get to wake up on a monday morning and get headlines from jamie diamond elan musk And howard shoates from starbucks and so that was a pretty interesting day yesterday and now we're in Day two of elan musk making headlines with twitter as now he has been added to the board So pretty crazy price movement and the stock let's face it You know twitter was pretty much left for debt For a while there and now not only did he energize twitter But he energized all the social media companies all rallied yesterday facebook Pinterest snap they were all higher on elan musk Getting involved. So apparently Tommy elan musk can walk to gum Juggle and ride a unicycle all at the same time with everything he's got on his plate Well, kevin as we know, you don't become the richest, uh, man in the world or woman in the world without knowing what you're doing Uh, he's he's listen, he's you know people will say that he's manipulating markets not even talking about twitter Right, you go to doge whatever whatever the deal is but no matter what man I am saying that he isn't a student investor because I got a chart up here kevin of twitter on a five-year weekly And uh, yeah, it's been below that price level I guess it goes back to $14 and 12 cents as far back as the beginning of this chart, which is five years ago in 2017 But all things consider getting in near 30 man That's an area that it's bounced pretty well over the last couple years did make it down on the covid lows to 20 bucks But just like that man just even you know It's a remarkable the amount of money he has kevin to take the position he took in twitter Um, but like one percent of his net worth man That'd be like somebody worth a million dollars taking a $10,000 stake in a you know Hey kudos to him, man If you got that kind of cash you want to throw it around and you want to do it at a level that I think It's up like 17 dollars 18 bucks depending on where he got in uh, Not a bad chunk of change man with twitter trading at 54 bucks And I just can't wait to see where it goes because he's got a board seat now to 2024 And uh, he already loves twitter man. He's going to love it even more now. Uh, I assume so Aside from twitter kevin as you talked about some pretty interesting stuff had yesterday with jamie diamond Um, we go forward. We're going to get cpi data next week, man Uh bank earnings starting shortly after that Well, what are you looking at in this market kevin as we come into a new earnings season and we come into the fed Of course coming up Yeah pretty slow Week in terms of economic data a lot of secondary But I think there could be some final works tomorrow with the release of the fed minutes Tommy remember This is a fed meeting where james bullard dissented Even when they were raising rates he dissented So I think the bonds right now and yields are moving on anticipation of a pretty explosive Release of the fed minutes amount now that's old, you know, it's newsroom 10 days ago or two weeks ago, but it's still going to move the market I think so besides that yeah, we're waiting for more inflation data But not a lot to chew on here in terms of economic data So I think the fed minutes tomorrow will move the market said said we're going to cover Some of the the headline makers that we didn't cover yesterday like tom white and I will look at starbucks in the a block today We're going to do some retail Like fully it was going to go over some retail stocks like tjx and ralph were and they got downgraded and then we'll look at UPS in the third segment today So we'll we'll cover starbucks and see what howard shoals did on his first day with the company like Suspend the the stock buyback, but We'll see, you know, there's a lot to do today as we get ready Only a couple days away tommy of the start of earnings season again Yeah, interesting kevin we've talked about it before you made some great points When that first came out that sheltz was stepping back in as the interim ceo No real succession plan there, which is interesting for a company like that when they've had so long to plan for it But sheltz you can't deny what he's done with this company step back in a couple times Interesting that he steps back in not many interim ceo's would have the power to say we're just stopping those buybacks Even though i'm interim In the long run it'd be interesting to see in terms of where he's going to take that company But in the short run i think they got another downgrade today, so they're down about a buck 50 from 88 to 86 Um, but boy his leadership of that company man in the long term I was talking about kevin be interesting to see because buybacks in the short term investors love him man Give me that cash right in the long term though, man Sometimes you gotta spend some of that capital and maybe that's what sheltz is looking at We'll find out of course, but the stock lowered today Get him back to the fed for a minute kevin So you know the numbers we've talked about the inflation numbers. They're not going down this month, man They're probably not going down next month just broadly kevin right where where do you look to because I think you know It's almost like we've talked about it before I love your term video game numbers the cpi numbers are just crazy right now And they're going to be crazy year over year right now Is there a number you know that we go two or three months down in the row that things are going to become really interesting again That it's kind of up in the air because it's in my opinion It's not up in the air right now, you know the numbers are going to be very very harsh for inflation Which is why a lot of people think like bullard 50 basis points has to be it right I have friends in the industry that say it's 50 basis points at the next two meetings at least You have city saying 50 50 at the next four But I think the numbers are really going to start to get interesting in the next like three or four months What are you looking for as we go down the line where there is kind of more unknown than there might be You know when we get cpi data like next week From a trading perspective Tommy A lot of the rhetoric that you just mentioned Is out there in the marketplace and getting priced in Right once a stock or a future or a bond makes a move a trader's thinking about well I want I want what's 30 to 60 days out. I want the next move. I want to get that one right This one's already happened. You know you A lot of the news that's come out Right, you mean you've got a 10 year already to two four five So that's pricing in a lot of rate hikes already So what you're looking for Is more acceleration and inflation or a capering you know, this next one's going to be big But expectations are for that to be big and when that gets built into the market Sometimes there's a little Counter trend move when the news actually comes out. So yeah next week when we get a cpi number that will be a Pretty significant trading day in the market and how Bond notes and yields react to that move because we know it's going to be big the expectations are skyrocketing For that number. What's the actual number that comes out, Tommy? Yeah, I think last month when they were coming out for february cpi We got the number from march kevin. I think gas prices were up like 6.6 percent something like that and that represented like a Third of the whole cpi number and we know gas prices man through the roof Let alone the core ingredients to cpi just staggering numbers on the core level that we haven't seen in a while as well Well, kevin, we appreciate the conversation man as always. We'll be watching a 12 noon eastern time today. We can't wait for the program man Thanks for having me on time. You have a great day You too kevin take care folks every trading day 12 noon eastern time with a amount of volatility right now in variables and playing this market Check out the program outstanding program. We're coming into earning season yet again As we come into the new quarter april fifth remarkable s and p's right now We got three and a half minutes to go until the opening bell folks s and p's negative by 11 right now trading at 45 66 We jump over to maybe the headline of the day. Mr. Elon musk A new board member on twitter until 2024. So he's got some time there We'll go over that he can he agreed to not get more than 15 as well.  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We do have markets open and you got the s&p's right now opening basically where we were pre-market You're negative by 11 points. You get the russell sneaking into the positive right now by one point nasdaq 100 negative by 38 Those growth stocks man rock and hire. Let's check in on the fang stocks amazon trades almost 100 bucks higher folks We close out friday 32 66. We end the session yesterday at about 33 66 this morning you're down about 12 bucks. That's half a percent lower We jump over to microsoft shares Down about two tenths percent little volatility. Look at that volatility in the open on microsoft Do you jump over to apple shares right now? Give him back some of it down about four tenths percent google shares Basically flat. Look at that charge hiring google yesterday right on the open man all these stocks just accelerating higher to begin yesterday's action To the upside now. Let's check in on twitter Yeah, it's not stopping up another 8.8 percent man remarkable This equity Pulling up, you know, let me find out. It's gonna pull up one tweet in particular All right, let me see if I can get this one. Yeah, it's gonna be interesting to see what happens here because so march 14th He acquired over five percent of twitter. Let's back this up to get the exact here in terms of the regulatory filings the problem of this right is that You have the richest person in the world basically manipulating markets Not following the regulations that are built to protect investors. Okay March 24th the 13g filing was due march 25th Musk puts out a poll on twitter talking about the consequences are important talking about free speech is essential to functioning democracy And then april fourth. He files the 13g 11 days late. Okay, so now march 14th folks. All right. He is no fool Okay, look at where this is on the chart. You're telling me he's not trading this for profit. Okay. He is not a fool All right, he's he's trading pretty technically here all things considered. You look at this low There's march 14th folks. There's march 14th. Okay acquiring over five percent of the company March 14th was trading at 32 bucks. It's trading at 53 dollars right now. I think he had 73 million shares All right, every 10 bucks you're making 730 million dollars. He's made about 1.5 billion dollars on this position already He's up 20 dollars on a 33 dollar equity but They're going to look at this stuff. Okay, because they have to because he's the richest person in the world and There's no excuse that he doesn't know the regulations with what he's dealt with folks Okay, if the richest person in the world doesn't have the ability to be informed of the regulations They must follow When you literally try and almost take over a public stock and exhort your will upon them That is why these regulations exist and unfortunately that is getting lost in all of this because it's so tantalizing What elan is doing and how twitter has been in the headlines. So hopefully it gets some attention A friend of mine joking this morning. Good luck to the general council of twitter now having to deal with their board member being elan musk We'll see how that shakes out. I would be happy as a twitter investor. That's for sure. Okay He is a very bright man and he cares about his money and just like I said, he's getting down in here But be careful folks. Okay, because we've seen the runs that Equities can have or cryptos can have when elan gets in there Yeah, and they did at 13d.  I mean the the filing that they had in there Was that he was a passive investor, which is not true at all because he was not going to be a passive investor We all know that he's a board member board members don't have pass They're not passive investors not surprising. He ended up there. So there's a lot going on and how he Amassed almost a 10 position um Didn't file it and yeah It is part of the discussion part of the agreement with the board seat is that he will not acquire more than 15 percent Of the equity, maybe more than 14.99. He will not reach 15 percent ownership of twitter That was the deal that they kind of worked with moss to make sure that they bring him on board Without being battling it out with him Probably the smart move from twitter executives not to go to war with elan moss the richest man in the world With 10 percent ownership and the biggest owner of your company But it doesn't detract from the games that he played And and the lack of regulatory filings and the lack of correct regulatory filings, okay elan moss is wealthy enough that he could have said just Find me a lawyer that tells me what I have to do To file the regulatory filings when i'm going to go after a public company and buy almost 10 percent of the shares Either he did that and didn't follow their advice or he just didn't do that Ignorance is not an excuse when it comes to breaking the law folks Especially for the richest man in the world that has all that he needs at his fingertips All right, we'll leave it at that twitter shareholders You got to be excited man But be careful because you are trading at levels that no longer are based off the fundamentals of this company When you trade to 38 to 54 bloomberg had a nice little segment this morning Um, jonathan farrow saying listen, this is a story stock now. All right story stocks do great They also fall from the skies as we've seen So be careful of that one man. You just traded from 38 up to 54 Let alone where you were on march 14th, which is 32 up to 54 That is a 22 dollar pop on a 32 dollar stock folks. Okay We all deal in fundamentals and technicals if you're a technical trader the fibonacci retracement that is possible Let's just do it real quick. All right, we go to march 14th Just from where elan got in when he got his five percent stake We take the fibonacci level from where we are right now a 382 gets us back to almost the opening Or the low of yesterday 46 bucks. But guess what? That is a good seven dollars from where we are right now That's a 15 percent haircut and that's just back to the 382 if you're still if you're bullish on tesla Okay, let's jump around to what other equities we got moving this morning. We'll jump around the line Carvana they're downgraded to sector perform from outperform at rbc Um Price target 138 from 155 Valuation and potential difficulty in integrating its recent acquisition of car auction company a desa So I remember when they did that they got a boost. Uh, that was one of the biggest car auction companies out there CVna is their symbol And you open basically down 4.7 percent right now quite the pop hire yesterday Oh, excuse me And yeah, so they put a price tag of 138 from 155. You're sitting at 126 down from 376 You want to talk about stocks with stories man 376 a little lofty even if they have changed the game In uh in buying and it's going to be interesting to see how this plays out because just from a consumer's perspective Car buying is always a little bit daunting, right? You don't want to get fleeced. That's the real deal I just want a fair deal when I walk into A car dealership And unfortunately that's very hard to get because Transparency of where true supply and demand really equal out especially right now with used vehicles Very difficult to understand as a consumer with such limited data as opposed to the car sellers with all the data on the other side of that The cool thing about carvana is you're not getting screwed You got a price you want it or you don't that's the price they're selling at They're selling it to you or the next person or the next guy or the next woman that walks in At least you have that and it gets delivered. So I imagine this area is going to Accelerate but boy not at 376. There's already competitors. I'm seeing their ads. What is it room? Maybe there's another competitor just like carvana said Yeah, um, they realized that there's going to be more players than just carvana in this type of an industry And yeah, it's going forward But not quite yet in carvana another downgrade 4.2 Remarkable that you're almost back to where you were pre pandemic levels. We had a high 115 pre pandemic In carvana. We're trading at 127. We got a couple other equities with news to go over. We get the s&p is flat right now Nasdaq in the red Dow in the green. Stay tuned folks. We'll come right back Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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We just traded from 34,700 up 230 points right on the dot man Accelerating higher 34,941 and at the same time a little bit of a sell-off going on in the nasdaq. We jump back over to twitter Up 5.6 percent you give back some of it here. So to look it up because there was chatting the den All right, and just trying to get it exactly There is the 13 d And there is the 13 g Okay, those are what you file when an investor acquires more than five percent Of a class of publicly traded securities when you do that you have 10 days in which to alert the sec Via a schedule 13d Or 13g now 13g is very similar to a 13d except for one major factor the person who now owns more than five percent of security Is a passive investor and not interested in pursuing an activist agenda agenda I want to bring this back home because nobody's talking about it And I don't get why nobody is talking about the richest man in the world not following financial regulations yet again Okay, now my understanding is is that on march 14th elon musk acquired over five percent of twitter Okay, 10 days from then was the sec regulation that it was due to file a 13 g Or d Okay, now again The 13 g is when you have No Activist agenda He really should have been filing a 13 d folks because we all are aware that he definitely had an activist agenda Okay, now he's going to argue the contrary. I'm sure he's got a team of lawyers ready for that already All right, but the point being is no matter what that was due April 24th on a excuse me. Let's do it again. He acquired it on march 14th March 24th that form is due 10 days after he has a five percent stake March 25th. He is out there polling twitter Okay, about Consequences of the poll being important to vote carefully. Do you believe twitter rigorously Adheres to the principle of free sent speech being essential to a functioning democracy April 4th, he finally files the 13 g 11 days late claims He is a passive despite clear intent to influence twitter management I mean, it's just pretty reckless And I can't believe no one's talking about so I do again march 14th 5% 10 days later. He has to file doesn't file it. What's he doing? He's polling twitter on march 25th finally He files it on april 4th But he files it in a manner that says he's passive and then yeah, here we are today And he's got a board sheet seat and he's saying he won't take 15% Just didn't follow the regulations at all folks and I don't know how else to say it Hopefully somebody covers it Hopefully something's done about it because the richest if the richest man in the world doesn't have to follow financial regulations as he Comes after companies with an activist agenda That is not going to be good for anybody folks in the market Okay, he can do that to almost any single company. I did it before ilan musk is worth hundreds of billions of dollars This stake in twitter was only like a couple billion 2.9 billion something like that. It's basically 1% of his worth Okay, and it's not like that money is being spent and thrown away. He's investing it Imagine if you're worth a million dollars and all you got to do is take a 10,000 dollar position in twitter To have basically the whole company Okay bowed out to you and that's what ilan musk was able to do and he didn't even have to follow the proper regulations to do it I mean, I can't harp on enough. It's a shame that more stories aren't being written Of him just flying in the face of financial regulations in the process of exerting his will over public companies Yeah, and listen, it might be the best thing for twitter But it doesn't change the fact that he's not following the regulations and he If he isn't able to follow the regulations, then who is folks? Okay, he has more resources than anybody. He's probably one of the brightest guys in the whole planet All right, if he's going to claim ignorance, which is probably what he's going to claim All right Then that's a problem for the financial world because if that starts breaking down investors will be hurt consumers will be hurt And that's what they're there for. Okay, keep that in mind. All right, let's jump down to lines Some of the other stocks are moving generac. This one's an interesting one They're put on the america's buy list at goldman sacks point to a broad product portfolio increasing distribution footprint and the idea that many of generax products in the early stage of adoption GNRC now it's interesting here This is the generator company of course from 296 to 325. I'm going to back it up on a five-year weekly, man You talk about a run during covet. All right, even backing up further. Let's put it on the monthly go all the way back, man This thing uh, what you're at 30 bucks in 2015 This thing it can live and die as we come into the summers, man Depending on the storms and what they get. I mean look at 2017 You're trading at 36 in july by the time you get out to october You're trading at 52 let alone the run that we've had in coven now just zooming in I'm going to put this back on a three-year weekly In the run we've had from the covet lows Right to the 618 folks. I've been pulling it up a lot. There are a lot of charts right now at a 618 I think I took a look at starbucks yesterday I think I took a look at logitech yesterday right at the 618 you have generac pulling back Almost to the 618 the low of 251 74 I got a 618 in my chart at about 249 so within a couple dollars. We're up 3.1 percent today And I agree in terms of basically Living in florida folks We're coming into the summer. We're very fortunate the last couple years We are very fortunate being kind of on the west coast of tampa West coast of florida that we're a little bit hidden right the storms to get us They kind of have to come in the gulf and do a boomerang back on to the west coast of florida It can happen. It's more difficult the poor people in the panhandle man Those storms that go into the gulf and just ride up to the panhandle That's a tough one. Of course the east coast of florida the storms coming right in from the atlantic is tough But yeah, we're coming and I tell you You're building houses. You got the ability to put one of these things into your home I would be doing it right now. I imagine they're going to be adopted at a much greater rate moving forward So, yeah, anecdotally myself being in florida Excuse me. I imagine there's some value there in goldman. They're green Carnival this is the one I want to get to check out this stat carnival The cruise line operator said the seven-day period from march 28th to april third was the busiest week for new cruise bookings in the company's History, I imagine they've had some pretty good weeks with sales, etc. Okay, uh, that may be a marker folks You know, I've been waiting for some of these cruise ships Maybe you're finally catching a bit. I mean look at how these trends are not so much the trend channel line Right trying to find some trends in here Uh wasn't an upward channel until things went a little bit awry back in october of last year We're going to delete those channel lines because that ain't the channel that it's in anytime soon We're going to back things up. Let's delete delete that one as well remove that drawing Let's remove that one as well. We're going to back it up to a three-year weekly And yeah, we'll see. I mean the the channel is probably Still hadn't lower Right, I mean it lines itself up man. So be careful here All right But boy when I see that on a fundamental basis folks and geez to get the parallel line Not sure they're going to match up too completely But yeah, you get the point. All right, we are just in the upper boundary line basically Of the downward channel that we have been in basically since uh july of 2021 But boy eventually folks to put this in some context here. You come into covet at about 50 bucks We're sitting at 21 and they just had more bookings than they've ever had in a week And maybe that's it. Maybe finally people are ready to make those cruises It's april coming into the summer. Nonetheless carnival. That's a plot for you 8% folks up to 21 28 Stay tuned. It'll be right back to finish up the show Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com And tfnn's youtube channel with tiger tv live every market day from 8 30 a.m To 4 p.m. Eastern for free each host is an experienced trader And gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors 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 and stock prices Get the opening call newsletter by basil Chapman and your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Are you looking for a secured investment which pays you on a monthly basis the target first mortgage program Maybe the program for you the best rate on a five-year cd in the country right now According to bankrate.com is paying 1% per year or $1,000 per $100,000 invested The target first mortgage program pays 7% per year paid monthly on secured high value Buildable properties in st. Petersburg, florida the investment is for four years paying 7% per year or $7,000 per $100,000 invested Your investment is secured by high value real estate in st. Petersburg, florida Your investment can be anywhere from 100,000 to 500,000 Do you want to make 1,000 per year on 100,000 invested or 7,000 per year on a secured tiger first mortgage? The tiger first mortgage program may be just the program for you The tiger first mortgage program pays 7% per year paid monthly for more information You can call<PHONE_NUMBER>. That's<PHONE_NUMBER> This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Welcome back folks. We got the s&p is negative by three nasdaq 100 negative by 105 little bit of a reversal from yesterday's action Uh growth stocks pulling back. We'll check on the fang stocks real quick We'll kick it off for the big dog apple apple shares down about half a percent right now We'll put things back on a 15 minutes to see the action google shares Uh slightly in the red as well. You see it though compared to yesterday's pop No huge action microsoft shares giving back some of the gains off about half a percent as well We jump to amazon shares off a full percent right now. Uh jumping back To Carnival real quick as we jump around look at this thing skyrocketing the one thing I will say and maybe this is the Breakout man because you're getting some volume Uh leading up to today though. Okay these lows they got all the volume man. Look at the low in july Market accelerates lower into carnival right look at the low that it had in december Talk about some volume at the lows man no matter where you are the volume you're doing 60 70 80 million shares 82 million shares at the low and then you got the low in march Pushing on dramatic volume as well. We're rising now. Here's the thing though today's volume already 20 million shares And we're only 25 minutes into trading europe 8.2 percent and don't Undercount folks a statistics like selling more cruisers than they've ever sold in a week at the end of march I talked about it when I got covered Uh Beginning of february. Okay a lot of people like myself man. That was the last haul right you got it some natural immunity Maybe you had kids in the household uh that allows them some possibility Maybe you're just more comfortable with where everything is in society to break back up But nonetheless carnival catching a bit up 8.3 percent Kind of a little bit of a dichotomy here where you're pushing the upper boundary of the channel line You just traded from 15 bucks up to 22. That's a 50 percent acceleration folks in basically a month Keep your eye on the volume though as I said volume near the lows All right, folks We got our man basal Chapman coming up next and don't forget if you haven't checked out the tiger's den at Discord folks check it out on the front page. It's only a dollar We've got great conversation great tigers and tigers is in there every day chatting about the market even after hours Uh, you can use it on your mobile phone on your tablet a lot more accessible So people are in there outside of market hours when they're not at their computer And our man basal Chapman a week from tomorrow folks opening call subscribers a 90 minute webinar We will be using discord for that as well. It's a great platform I'm gonna allow some real functionality for mr. Basil yet folks check out 30 days of the opening call Have a great tuesday


This time last week, the U-Pike Bears rallied back from a 20-10 deficient, with just nine minutes to play to pick up their first win on the road at Bluefield 24-20. Tonight, the Bears took the field at the Hambly Athletic Complex for their first home game of the season against the Campbellsville Tigers. The Bears are home, and of course, it's the first time as they rush the field at Heeler Howard Field. With one win under their belt, coin toss at center field, the Bears will win and choose to defer until the second half. Damir Karapanzik will kick off for the Bears, with Keanu Young back and ready to receive with a nice little return on the first kickoff of the night. U-Pike Stephens struggling to find their rhythm to stop the Tigers offense as they get on the board first with quarterback Hunter Brown connecting with Tyus Alcorn just inside of the end zone as the Tigers put up six on the board. It wouldn't take long for the Bears to answer back, though, as Sonny Warren hands it off to Jamar Kirksey, and he will truck his way into the end zone, and the Bears score their first touchdown in front of their home crowd. And we're tied at seven in the first quarter, moving into the second. It was a lights out, actually, after a 20-minute power outage, and that's when everything turned around. Campbellsville's quarterback Hunter Brown drops back. He slides through one tackle, still on his feet, misses one, and that's what happens when you don't wrap up, but that's okay. Darius Green was in the right place at the right time as he picks off the pass after it bounces off the receiver's arms for the Interception, thanks to great coverage from Jack Hopkins. Sonny Warren airing it out and breaches to Michael Howard just inside of the 10-yard line, and here comes the momentum for the Bears as they try to make it into the end zone, but they were stopped short after a few downs. But if you can't make it, try, try, try again. The Bears have one final chance to make it in fourth down, and it's a quarterback keep. Sonny Warren will hang onto the rock. It's a football one-on-one here for the novice viewers. Never stop moving your legs. Everyone believed the play was over, but he just kept trucking his way, and he made it into the end zone as they take the one-point lead heading into the half. The Bears pick up a win over Campbellsville in a final score of 41-34.


What's going on guys it's your boy dpj here today with another destiny video and in today's destiny video we have top 5 prison of ouders loot but before we get into the video if you guys have any badass clip to send in send it into the email address linked in the top of the video description and if you enjoyed the video at the end you could leave a like or would appreciate the support. Getting straight into this top 5 in at number 5 we have a clip sent in by Ultima x503 completing the prison of ouders on that level 28 and landing himself a galley also getting a queen scout rifle to go with it. In at number 4 we have a clip sent in by Kromu and I'm sorry if that's not how you pronounce your name it sounds like a Welsh name to me. Complets that prison of ouders and also lands himself a galley but gets a few other things to go with it. In at number 3 we have a clip sent in by Orn in 0 showing us him being awarded the main prize from the prison of ouders defeating all the rocks to flame prints on that level 34. In at number 2 we have a clip sent in by Devil John completing the level 28 prison of ouders only to be awarded 2 exotic weapons incredible. In at number 1 and the winner of my top 5 prison of ouders loot awards is the Holy Monk 33 shows us his 2 exotic rewards from 2 straight runs of the prison of ouders absolutely insane. But guys that is the end of my top 5 prison of ouders loot awards of the week you guys enjoyed the video if you did leave a like I would appreciate your support also don't forget if you have anything badass to send in send it in to the email I've just linked in the top of the video description thanks again for stopping by and peace out until next time peace.


QuickBooks Online 2022, adjusting entry related to unearned revenue or customer deposit. Get ready because it's go time with QuickBooks Online 2022. Here we are in Albert, Gitcrate Guitar's practice file we set up with a 30 day free trial. Holding down control, scroll it up a bit to get to the 125% currently in the home page, otherwise known as the get things done page in the business view as compared to the accounting view. If you wanted to change to the accounting view, it's something you can do by going to the cog up top, switch to the accounting view down below. We will be toggling back and forth between the two views, either here or jumping into the company or sample company file currently in the accounting view. Back to the Gitcrate guitars, we're going to open up a few tabs to put reports in. By right clicking on the tab up top, duplicating that tab back to the tab to the left, right click again, duplicate again, back to the tab to the left one more time, uno vase mas, right click and duplicate. As that is thinking, we're going to jump back on over to the sample company file, just to note where the reports are located in the accounting view on the left hand side under reports. If we're in the business view, we're going to be located in the business overview and then in the reports, we're going to be in the, I'm going to close up the hamburger up top, the standard tab over here. We're going to open up the trusty balance sheet, the big balance sheet. Do the range change up top from 010122 to 022822, 0228 being the cutoff date. Let's hit the drop down so we can see the month by month side by side and then run that report. Going to the tab to the right, we're going to go to the business overview on the left into the reports, closing up the hand buggy, going down to the profit and the loss. Let's do the range change up top from 010122 to 022822 and then change that to the month so we can see the side by month side and run that report. And then we're going to go to the tab to the right, do this one more time with the business overview into the reports, close on the hamburger and do a search for the trial balance, the trusty T to the B, trial balance and then we're going to go up top and do the range change from 010122 to 022822 and run it. So there we have it. Let's go back to the first tab and we're focusing in this time on the accounts receivable and the unearned revenue. Now note as we did the unearned revenue, we did it a little bit different than if you're used to accounting in a book type of problem that you will see it in a book type of problem due to the logistics that are in the accounting software that being the sub accounts related to the accounts receivable to be formatted properly and be easily integrated as we enter the invoices and the prepayments, something that's a little bit more difficult to do if we're using another account other than the accounts receivable accounts such as the unearned revenue account. So let's recap that real quick before we go into the adjusting entry. If I go into our flow chart over here and the flow chart is from the desktop version, but it's just a flow chart with the same form so we can get an idea of what is happening. We have certain types of industries where if we if we think about our types of industries with regards to the flow of the revenue cycle, some industries such as the CPA firm typically a law firm for example will have to invoice their client after they do the work and then they're going to receive the payment possibly putting it into a clearing account at that point and then making the deposit that will of course be driven by the type of industry that you are in. Some industries however might be having a cash register situation where we get paid at the same point in time that we do the work so we basically get that money here and then we make the deposit possibly going through that clearing account again so that we can deposit it into our system in the same format we expect to see it on the bank statement but you could have some industries that are a little bit more unusual where we have to receive payment we get the money first before we do the work so now we got the money before we do the work and we're going to actually invoice them after we have already received at least some or possibly all of the money upfront or or possibly we're going to be doing the work at a future point in time so this could happen in types of industries which are becoming more common these days if you're talking about a type of industry like an application industry of magazines selling magazines and newspapers of the classical type of example but in those industries you're always going to get you're always going to get the money first so in those cases if that's always the case then you're basically going to say I need the money upfront and then and then you're going to issue them the work then you're going to do the work later and as you do the work you're going to decrease the the unearned revenue in other words classically the way that you would record that if all your revenue is coming in in advance of you doing the work because you're in a subscription model for example then the classical way you would do that from an accounting standpoint is is to say I'm going to get the money increase cash the other side is going to go into a liability account called unearned revenue or something like that because you didn't actually earn the revenue yet even though you got the money and then periodically at the end of the month or year you're going to decrease some of that unearned revenue and record the revenue as you have actually earned the revenue that's the classical book kind of problem that you would have for the unearned revenue however that unearned revenue account causes some problems when you're trying to track the customer information in accounting software because the customer information is tied to typically the accounts receivable account not the unearned revenue account and we could have other kind of situations where you get the money upfront such as a rental situation where you get where you get basically the last month rent or something like that or a security deposit which is similar upfront which you can't record as revenue because it's something a liability until you pay it back and in our case we had a situation where we're going to have large items that we're going to be providing possibly custom items we want to get a deposit upfront that we can then lock the person in or make sure that they're committed to the engagement to the sale and then at a later point in time we will invoice them in that instance we've got the receipt payment happened up front and then we have the invoice that's going to happen later and what we want to do in that case is still be able to tie out the receive payment and the invoice which is much more difficult to do if we're outside of the accounts receivable account using an unearned revenue when we get the initial payment therefore from a bookkeeping perspective you will often see the use of the receive payment form that I can then tie out which will automatically apply what they call the credit to the invoice at a later point instead of doing the formats to have the unearned revenue account because it works logistically quite well with regards to the sub account the problem is that you end up with a negative receivable instead of a positive liability which is not correct for reporting purposes to be able to be in alignment for the accounting process which is to do things efficiently this method often being preferred by bookkeepers because it's it's sufficient for their documentation reporting internally tracking everything within the accounts receivable which is what we would like for the customers would be good and then doing the periodic adjustment which is which is the use of the periodic adjustment is to shore things up from what works good logistically on the bookkeeping side to what is exactly correct from the financial statement point of side from that perspective this is a standard adjusting entry that you can apply it like any other it's a little bit different though then then the classic adjusting entry because in this case unlike the the like classic way that you would have unearned revenue in a book problem which would have a balance sheet an account in an income statement account this one does not have an income statement account we're just going to remove it from we're just going to take a negative liability or positive a negative asset and make it into a positive liability so just take a look at that a little bit further we're going to make one more report here which is going to be the sub report of this accounts receivable I'm going to go to the tab to the right to do so right click on it duplicate this tab and we want to look at the accounts the accounts receivable or customer detail report so we'll go to the reports on the left hand side we're going to close up the ham burger and I'm going to hold control scroll down a bit to get to the one two five percent scrolling down to who owes you money and I want to get down to the customer balance detail let's go into that customer balance detail report going up top and doing a customization let's make this on 0 to 28 22 and run it so there we have it let's also look at the details so I can see the payments involved I'm going to customize it to do that go into the filters and then I'm going to say I want to see the AP for all the AP all the AP that's what we want run it so there we go so now we can see the detail in it if we go to the bottom of this report it's the 5599 which ties out to the balance sheet or should on the accounts receivable let's do that one more time it doesn't what what happened here that's not the bottom of the report it's 22 701 50 is the correct number which should tie out over here to the 22 701 50 on the accounts receivable and it does let's go back on over now the issue is that if we have some of these deposits outstanding that we didn't get paid on we're going to have these negative numbers within that particular customer or any kind of number here that is a payment that isn't connected to an invoice is going to be basically an issue so we want to take those we want to take those and increase the accounts receivable because you can't have a negative accounts receivable because that would mean that I would owe Eric music which means it's not an asset it's flipped over to a liability so instead of having a negative asset I should have a positive liability for those items so all I'm going to do is go through here and pick up these items that have these negative amounts and we'll just fix them on a periodic basis for the reporting purposes and note the reason again that you want this internally oftentimes is for example like Anderson up here I believe had a situation where they got this payment that they that they then implied to the invoice that they had later giving that the balance that is still due and that's what you would like to see internally these two forms connects together even though the payment had happened first you've got that nice connection between the forms and everything's being tracked internally so that works out good now this one has already been we already issued the invoice to apply out to the payment therefore we don't have a problem however if we collected a deposit and we had not yet issued the invoice then those are the ones that we got these negative amounts that will will be a problem so let's take a look and see if we can find some of them here we'll just we'll just go through this and say all right there's a negative 200 right there for Eric music so 200 there and are there any others here there's a 250 that we have for Sam the guitar man so plus 250 that we're gonna have to adjust for I think that is it everything else I think washes out well so so now I'm gonna I'm gonna increase the accounts receivable for that and create for reporting purposes the liability account of unearned revenue for that amount but to do that I need to be careful because I'm gonna be using the account of the accounts receivable account and that means they're gonna force me QuickBooks will force me to use some kind of customer as I record it I would this is one area I kind of wish they didn't force me to use a customer because I don't want to mess up the accounting department's customer information however it's kind of nice that QuickBooks does force us to do that because that means it's a lot more difficult for our sub ledger reports to get out of balance out of whack from what's on the balance sheet so that's where we can either do two things if I don't want to mess up their their customer detail at all I could make another account which is an accounts receivable to account or an accounts receivable adjusting account for example but not created as an accounts receivable type account but rather a other current asset type of accounts so that I can just record to it without having a customer without messing up the customer detail but it's a little bit more messy for reporting purposes or I can then try to make a customer that will be out of their way in other words I'm not going to report this to Sam the guitar man even though that's the customer that it's related to because I'm just trying to get the financial statements correct and I'm gonna reverse it in the following period so maybe I'm gonna make another customer called ZZZ adjusting entry that we have seen before just to put all of our adjusting entries into this customer at the bottom of the list which hopefully won't mess anyone up so that's gonna be our strategy let's go to the first tab to do this now now there's only two accounts that are gonna be affected but it's using that customer account which makes it a little bit more complex so I'm not gonna use a register to do it I'm gonna go right to the journal entry going right to the journal entry to do this one and then I'm gonna make this one as of the cutoff date 0 228 22 that's the cutoff date 0 228 and then hopefully I have these two accounts because I'm in the business view and I don't want to add any new accounts in here cut for the business view so this is going to be then we're gonna have a debit and a credit we're gonna have to increase the unearned revenue so we're gonna say this is gonna be a accounts receivable is gonna go up accounts receivable accounts receivable accounts there it is AR accounts receivable is gonna go up by the 450 the sum of the two deposits I'm gonna apply them not to each customer because I'm not trying to fix the sub ledgers I'm trying to get the financial statements reported properly so here I'm gonna say that this is gonna go to my ZZZ adjusting entry area so it doesn't mess the sub ledger up I gotta put something there or QuickBooks won't let me post it and the other side's gonna go to unearned revenue unearned revenue did we see there is an under good we've got that one I don't have to add it so QuickBooks whenever I add stuff that's when QuickBooks tries to drive me crazy with this business view the other view works fine but any case we're gonna say this is gonna be an adj entry let's just call it that we might want more detail you could put for because of you know negative accounts receivable deposits that we're adjusting out or something like that would probably be good but I'm not gonna do that now I'm just gonna do that just gonna put this in place just like it is let's save it close it and see if it does what we would expect it to do let's go back to the balance sheet and say did you do what we want what we expected you to do journal entry that's what we're asking so I'm gonna go down to the accounts receivable and let's drill down on it to get to the detail of it holding controls scroll down a bit scroll down scroll down we're gonna go down here and say we've got the journal entry so there it is on the 450 so there is our adjusting entry if I go into it and drill back down on it then we get of course to the journal entry and closing this back out going back up top the other side is not going to an income statement account you'll note but rather it's going to a balance sheet account that's why it's a little bit different than most adjusting entries a classical adjusting entry will have a balance sheet account and an income statement account affected in that instance or in that way this adjusting entries a little bit different but it's the same to other adjusting entries in that we're doing something that we think works well logistically on the bookkeeping side of things that we need to make a little tweak on at the end of the month in order to make the financial statements properly reported so I'm going to go down and say we should have an unearned revenue account down here we do there it is there's the 450 on this side going into that one and it looks good MUI BN B to the N MUI BN so that we've got that okay so that one looks good if we go to the sub ledge over here for the accounts receivable no impact on the income statement let's run this thing just to make sure that everything has been updated the way it's supposed to and so we didn't we didn't go back into the sub ledge and and remove these these negative amounts but instead we created another item down below for the ZZZ adjusting entry because I'm not trying to get this sub report to be exactly right because I'm not reporting the sub report externally I'm trying to get the financial statements correct and not mess up the sub report so that so that the accounting department doesn't deal with problems when they go back to the accounting department because of our adjusting entries so now it still ties out to the 23 151 50 if I go back to the balance sheet we still have in the AR R the 23 151 50 so that looks good there and then what we're gonna do afterwards is reverse this because again I don't want to we did this what the accounting department is doing works well for the accounting department it's just got this timing difference that we're going to have to deal with with a negative receivable and a positive liability so I'm just gonna change it back with a reversing entry so it doesn't mess them up however when I do that we're still gonna have this detail here which we tried to minimize the burden to the accounting department by creating this other customer down below so in other words if they go back to the first tab the accounting department will typically be working in the accounts receivable cycle by going into the get paid paid area into customers if you were in the accounting view that would be in the sales area and into customers and if I close up the hamburger my adjusting entries I think one of them went to Sam the guitar man for example if they were to go into Sam the guitar man close up the hamburger then I'm not gonna see in the detail with Sam called up and said hey I got this question about this invoice or this payment I made or the sales receipt or something like that we're not gonna have this other stuff in there that's gonna have these journal entries that's gonna mess up the accounting department they're gonna be like I don't know that it looks like the adjusting entry department did something funny to your account here maybe they did something we don't want that kind of kind of thing to happen and therefore we tried to put it down in the adjusting entry area so it doesn't impact the actual customer but still allows us to fix the financial statements since QuickBooks forces us to use a customer even with an adjusting entry so that the subledgers are not out of balance from the what is on the financial statements so that's the objective now if you don't want even this over here to to mess up the accounting department you could try to add another account going back to the balance sheet for the accounts receivable that will be like a an adjusting account however you might not want to put it as an accounts receivable type account therefore you can't really make it a sub account as easily as we did down here with with you'll recall the sales tax payable we made this little sub account so that it didn't mess up the actual account up here doesn't mess up the widget or anything that's being used with sales tax you can't really do that up here with an accounts receivable because you don't want to make it an accounts receivable type account because it then it's still gonna force you to use a sub ledger so if I create another account I'd have to put it down here and other current assets therefore you'd have these two accounts that you'd be dealing with it you'd have to net together if you were to make the reports externally if you were going to then export these reports and do some work in Excel to kind of combine those accounts together not a problem that might be the best way to go but if you're trying to just generate the reports internally in QuickBooks it's going to be a little ugly to do that way although it would be nicer on possibly the accounting department because you're not going to have to add any subcustomer or anything at all and that would be that's generally better for the general accounting process for the bookkeeping and accounting side of things as opposed to the adjusting side okay let's go to the trial balance and see where we stand at this point in time we will do a reversing entry shortly and let's just run this as of the cutoff date 228 if you're tying out to what we have here and that's great if not then try changing the date range and we'll be running a journal report at the end so that you can check and diagnose any differences