Welcome to the Advocates on Plus TV Africa. Your weekly reminder that important conversations are necessary for a center society. On Friday in Nigeria turned 61 and in view of this we examine a quote by the 32nd President of the United States, Franklin Roosevelt, which says, true individual freedom cannot exist without economic security and independence. People who are hungry and out of a job are the stuff of which the cattle ships are made off. So my advocacy today is on the need and importance of Nigerians rising to serve and save the country. Felix talks about human capital development in the context of the wealth of a nation. Raymond is talking about the hopes of Nigeria with the arrival of its new age. And finally, Amoni wraps the conversation with his thoughts on another independence. As always, your panelists are here to share ideas aimed at provoking thoughts with no holds but stay with us. Arising to serve and save Nigeria. While growing up, my friends and I looked forward to participating excitedly during the recitation of the Nigerian National Pledge. The National Pledge is just a six sentence that carries in it the whole resources, wisdom and the exact things we must do to change the fate of our nation, Nigeria. I must say I didn't really appreciate the deep meaning of the words and lines that made up the whole anthem. But somehow I remember very well how reciting the anthem bonded everyone together irrespective of background, tribe, ethnicity or even social class. The first line talks about faithfulness, loyalty and honesty. But today, how many of us Nigerians can truly boost about their commitment to the application of the words, not just at individual levels but as a tool for national development. For over six decades, we have had a generation of leaders who have complete disrespect for the foundation upon which we should build one of the most enviable and prosperous nations in the world. And sometimes I wonder, how exactly do they sleep well at night? With our overwhelming population, Nigerians have one of the most sophisticated minds on earth. We are globally recognized for the innovations and changes we lead around the world and across industries including health, technology, finance, engineering, entrepreneurship, agriculture, etc. Today, how many of these Nigerians living in Nigeria or elsewhere are serving Nigeria with all their strengths? With our abundance of resources, the least Nigeria should have is an environment that inspires its people to serve using their strengths and capacities. Unfortunately, with the corruption-infested leadership system, citizens are forced to live to other nations or serve them themselves at all costs. Because people who should have made the environment conducive for service are ignorant, heartless and incompetent fellows who had no business being in the positions of authority in the first place. The system seems to me it was designed to drain the citizens' dreams and frustrate the people. The mind of an average Nigerian, especially the youth, is filled with junk and it is difficult for the mind to return to its original state once it has been stretched in a given direction. In this case, in what direction is the majority stretching their minds? Your guess is as good as mine. How sincere are we defending our unity, which is one of the first sets of our entem. As the very first factor that is supposed to bind us together before we can think of deploying and achieving big results at an individual and national level, we have failed to understand that nothing great has ever been achieved by a people so divided. What do we do? First we need to go back and pick up our towels at the very spot we had our baths. Nigeria is 61 years and I can boldly tell you that majority of our youth don't even know the history of Nigeria as a nation. Quite unfortunate, we had to feed and grow with the crumbs that were provided by fellow Nigerians, our leaders, who thrive on the calamity of the nation. But young people must arise and obey the call to make Nigeria take her place among the committee of nations. Nigeria must arise to serve and save Nigeria. We must respect our diversity and embrace our uniqueness. And in the end, we just have a little thing that divide us and much more that connect us as a people. God bless Nigeria at 61. So, that's really my thoughts. I don't know what you think about this. We're quite interested in Ramond. You know, one thing I admire about you is your auspokenness, communicating your thoughts especially with the environment, with respect to the environment. But on the second thoughts, I agree with quite everything you said, the second one thing, defining an average Nigerian. There is no specific generic term to define an average Nigerian. In clear terms, who is a Nigerian, can you define Nigeria? A Nigerian is an individual that believes in the coexistence of other Nigerians in this particular geographic region. But the Nigeria in question is not just a geographical location, it's a group of neighbors around you. So, everybody has to be responsible for themselves, how they need to build themselves intellectually in terms of building up their capacity to give something back to the society. In this case, the other neighbors around you. So, the key was the Nigerian and Nigerias. Nigerian is the individual. Nigeria is the group of people around you. Not necessarily a geographical location within the West African region. And the average Nigerian mindset is not filled with junk in the sense that it depends on you.  So, some persons actually may do something very bad because that's what unfortunately every system has good and bad people. So, people should not see Nigerians as bad people. We got some persons that were involved in fraud there for Nigerians are fraud and no. We got some bad people there for their bad no. Everybody should be responsible for their own way with respect to other people, giving back to society. So, what do you want to say? Okay, so let me also call to a point of a little disagreement. I think we've blamed leadership for too long. And I've come to a phase in life, a phase of taking responsibility. And part of what I want to ask us to begin to do is to take responsibility. So, I was having a conversation with someone some time ago. And he asked, where do the leaders come from? Leaders are from you and me. And a lot of times, people like us, when we get into leadership positions, we actually change. Now, I think part of the issue is that for so long everybody has had an individualistic agenda. So, who cares about the common good? Well, you will say the leaders should be caring about the common good. But it is unfortunate that the people following, I feel to care about the common good. So, if our leaders are not taking us forward, let us, the followers, begin to take us forward. And how do we do that? Look at the office set of our nation. Public sector, private sector, where you have a lot of addicts. Is it the leaders that are there? No, people like you and I. So, if everybody begins to do something right, decides to do something right, at a stage, the leaders that we have would not have any choice but to conform.  Find a place where there are two things you need to pick out. First is that we have people, like you said, who are actually getting involved in anything just because they are serving themselves, not because they are serving the nation. It's a different thing to get involved in an activity because it's for the good of everyone, even if you're not benefiting anything directly. And so we have a system where I talked about Nigerians living both here and those living elsewhere. How is it, I've been to a couple of countries where there are people irrespective of wherever they are, they still channel the end product of their activity, their sweat, everything back home. So how many of us as Nigerians, even those of us that are alive, that are opportunity to be here, we are talking to the world, are we really here because we are on the average, because we are here because we want to contribute to nation building or maybe because we are here for the grams. Because we need to come to a time where we want to tell ourselves the truth. We need to be very overtake responsibility because these days people are not so intelligent that we have to find other ways to navigate through the truth. So we have to find ways to cut corners. We have to start taking responsibility to serve the nation and save the nation. Irrespective of what we think about it, go out there, when we talk about the average, what we take average, Nigeria is over 200 million people. How many of these people that you are talking about are coming out to produce their result? When we have more bad people that are more profound, how many of the people who are doing good are bringing out the good work that they are doing without really any ulterior motive? Do you understand what I'm saying? It's not like there are no good people. I know the work that you are doing in the social space. We know quite a lot of other young people that are doing a lot of work in the social space. But we must have a time where we are doing this because we really, really want to contribute to nation building. I think Mr. Raymond is online. Mr. Raymond, do you have any thoughts to say on this about Nigeria's coming up to serve and save Nigeria? Alright, so I quite agree with the sense that has been expressed there in the studio. For me, the title of your advocacy is quite, it's actually, it hits the point in terms of the two key issues that are before us. The first, the title says arising to serve and save Nigeria. So arising suggests to me that yes, so far we have not been doing what we ought to be doing. And if it has taken 61 days for us to do that, well, good and fine. People say that when a man wakes up, that will be his own money. So if we are choosing to that 61st years and from now onwards will be our money, then we should do it. Because doing that will now lead to the other extreme of your title, which is saving Nigeria. Nobody is going to save the country for us. We can all travel to Canada, travel to UK, post all kinds of funding things on Twitter about Nigeria. It doesn't end the narrative because you are living as an individual. You have not left in the real sense a part of you is still here. You are only living physically. But when you get there, the whole essence of home or fatherland, of motherland dance on you the more. So the responsibility to save Nigeria is also ours. We have blamed leadership for why we are here. We have blamed leadership and it has become even boring in a way, if you ask me. We are young Nigerians. The future of this country rests on our shoulders. We are the turning point generation. We are going to take from where our forefathers, whom we claim have failed us, are going to retire into. Responsibility is actually ours. And like the father, we are having this conversation. And I quite imagine that many Nigerians out there also share this collective sentiment. And we can only hope that some ways, somehow we can begin to turn around, talk this around for the betterment of this great nation. Alright, thank you Mr. Raymond. Felix is next after this break. North of nation, human capital development, Elijah Felix. Human capital development simply puts is the framework for building or developing skills, knowledge and abilities in an organization, which in turn improves an organization or community's effectiveness. Across the world, nations have been making efforts to tap into the endless possibilities of human talents to enhance growth and development. Narrowing down to the Nigerian contents, it could be inferred that we have overlooked the expert of human development, thereby diminishing the core of nation building. As a nation reflecting on our human capacity progress, we can see that much has not been achieved through the years. And at 61, despite the lag in that regard, the youth are thriving to achieve safe development by creating something out of nothing. This is evident in the offshoot of thin tech or other tech-related businesses. No doubt Nigeria is blessed with talented individuals and great minds. Looking beyond inanimate resources is a step ahead in developing the nation's human potential. Human capacity development plays a huge role in the workforce of any given society, not just to develop competencies at various levels, but act also as a major eradicator of poverty in society. The big question is how do we tap from the good mind of human capital development? First, we need to implement the strategy of target demography, which is the youth and the women. Secondly, putting machineries and strategies in place, like creating opportunities, building national and global partnership to enhance skills development, especially in technology transfer, imbibing the culture of intergenerational mentoring and relevant skill transfer. Addressing basic issues like security, intercultural differences, infrastructure and head care system. In addressing the aforementioned, the conversation and strategies to strengthen human development in Nigeria can be put to motion through addressing necessary needs and the government adopting a progressive and global centric approach. The world as it is is a global village and development skills are becoming more universal than ever because eight great treasures lies in the human personalities. I think this is a very, very amazing opinion thoughts that you have here because no nation can ever, ever thrive without human capital development. It has to even be the foundation for any form of nation building, any form of development because yes, the infrastructures are good, but then who are the people that will build infrastructures? It has to be people who are well-equipped, who are well-built, who understand the vision of a nation. It's actually the humans, the people, the citizens that will cast a vision for where they want their nation to be. They understand what the infrastructure is, they are the ones to manage, maintain and sustain whatever plan, projects that are being built. So I really think that human capital development is very, very powerful and you also mentioned something being global centric in nature. So I think we also have to understand that our competition is no longer our neighbors in the village, no longer village people, right? Our competitions are now people in China, people in Russia and all that and I think it's very, very amazing. Well, before you just speak with me, I just want something from Raymond. Raymond, this is kind of in a way related to what you said before about the issue around serving and the rest. And we cannot go beyond Nigeria as Nigerian. I tell people that Nigeria is not a geographical region, it's your neighbors. Now the question is, in the issue of dealing with an average mindset, because this is a mindset thing, and then developing the mind, mind works like a software, how can we intentionally remove the quote unquote, the junk for some, not all Nigerian youth, because we need to market our country as a great one, as we are great people. So I think that the first thing that has to happen is that we must learn how to take care of basic things. So there's a quote I learnt when I started building that if you learn how to take care of basic things around your life, you will open up your mind to think about big things. So the problem I think that we have as average Nigerians is also the fact that we keep struggling with basic needs, we keep struggling with basic things, we keep struggling with electricity. Now you're talking about tech, you're talking about all those things, you can't press a laptop, you can't do anything, you can't generate an idea if there is no electricity, if there is no power. You can't move from one place to another if the roads are bad. So I think first thing we need to do is to address basics. How do we address the basic needs? If we can address all those basic needs, then we will start opening up our mind to think about big things, because junk is trying to beg for food, literally two things we no longer matter anymore, because those ones have been taking care of. Think about developed countries. The things we are praying for are not even a prayer there. The things we are sweating to fast 21 days, 72 days praying and fasting, it doesn't matter there, look at the quality of their thoughts. So until we get the basic needs, sort them out, nothing else is going to matter. Ya, your thoughts sir. So I think we Nigerian youth have done really very well within the huge constraints that we have in our environment. I like what you said about electricity. If you have to, because there are times when you might be working and then power goes. Let's say you don't have an inverter, you are using a desktop computer. Now the woman power goes. Your brain shall start shutting down. Your train of thoughts is disrupted. You might never be able to come back to that. So there are a lot of things that the Nigerian youth has had to grapple with for so many years. It's really impressive how well we have done globally, especially in the area of tech. The Nigerian youth have done very well. So if you look at it from the perspective of human capital development, one of the things you will see is that the Nigerian youth has learned to be self-taught. Let's be very honest. Many of us go to universities, but we come out of universities really unemployable. There are people that, in those days I heard of people that studied computer science. Never saw a computer, never put on a computer. So they had to teach themselves. They had to take certifications, do CCNA. The Nigerian, every Nigerian can just keep learning, keep pushing and keep learning. So you need to admire how much we have achieved or done as self-taught people. So imagine what would now happen if we can be structured and carry everybody along. We can push everybody along, we can put the right things in place. I think it's already happening. Mr. Raymond is online. Mr. Raymond, do you have any thoughts to share with us? Thank you very much. For me, I think it was Mr. Raymond, my namesake on the finals today, who talked about going back to the basics. And I quite agree in the context, in our own context, where we have a situation where all the basic social structures that would give the average Nigerian the traction to thrive in a situation where they are lacking, then you can imagine what becomes of the world of our human resource. So I'm talking about investment in education. This is a country where we have over 10 to 12 million out of school children. What does that tell you? We have a young population which ought to be a strength, an economic strength as it were. Unfortunately, because of the poverty or the poor investment in education, that number is becoming sort of a liability. The thing is, what you said, I quite agree with what all of us said. But the idea is, it amazes me how the government spends so much money and energy talking about tangible resources. Let's say inanimate tangible resources like we have good in Zamfara that is causing a very big conflict. They deploy soldiers, a lot of them have died there, protecting Nigeria, protecting the resources for Medugama in the same if you go to countries like Platu and then you go to the Niger data region, the oil region. Now we don't see government putting in effort in supporting youth that could bring technological revolution. You know we have a lot of young guys doing a lot of stuffs and then when they walk around the streets with their bags, the next thing the police is asking you, what are you using the laptop to do? What's up with your iPhone? I think it's been a very, very great challenge for us but I hope that we get to conquer that in the next 61. Money wraps up after the break. Another independence day. One nation bound in freedom, peace and youth. I recited the national anthem and it played daily for six years. I was in primary school. Some of us just recited, crammed and recited. We never understood the import of the powerful words we mouthed daily. Years later, many of us still do not understand. It is that time of the year again, October. We will reminisce about the good old days. I did not so good one. Some will look back with nostalgia. Some will regret. But at the end of it all, we will move on till it is another October. The nation has been bereft of freedom, peace and unity. Many of us fear to move freely even within our comfort zone. Mine is Lagos. We fear being kidnapped. We fear being mugged even on open roads. Anavid recreational bicyclist, Afolabi Magmugunje. I will say his name. Afolabi Magmugunje died from stab wounds from robbers. Who only took his phone where he was waiting for his riding bodies. He could have been me. Riding is one of those joys I wish to indulge in till my body resists. Afolabi did not make it a story for another day despite the fact that he rode several kilometers to seek medical help. We are quick to blame everyone but ourselves for the decay we have in Nigeria. We are quick to line up behind political figures who had no corporate value but promote personal and sectional ideas. But we can have peace. We can have unity. We can have it or when a few of us inculcate the right spirit. Stella Adadevo put a life online for public health. Some of our colleagues barely escaped the years so others can live. Many medical doctors in public hospitals are carrying the burden of the cost of medical expenses of indigenous patients. Imagine if more of us have these kinds of dispositions. A Nigerian cab driver in the U.S. identified as Adikule returned $700 that was forgotten by a passenger in his car. Ola Inka Adini, a cab operator and the Airport Carrier Association of Nigeria, also returned $2,400 and an international passport that was forgotten by a passenger. We should strive for the resilience of the flying igus, of the demand miracle fame. The march created a footballing record and Nigeria became the first team to come back from four goals down and then go on to win a FIFA World Cup match at any level. Or the Atlanta 96 team that beat football superpowers to win Nigeria an Olympic gold. At these times, our drive should come from the positives we have and the people. More of us need to decide to take positive steps to rebuild Nigeria from the ground up since it has become difficult otherwise. Line up when you should. Respect others' time. Respect others' rights to their ideas within the confines of the law. Hold public officials accountable. Educate fellow voters.  Maybe one day, one nation will be bound in freedom, peace and unity and to mean more than the lyrics of a song. I really love your thoughts because it really got emotional for me at some point in talking about freedom, peace and unity and when you really look at it, it was even as if we knew when I was sharing my thoughts, I didn't know what you were sharing but that national pledge has a lot that can change our country. Talk about freedom, you spoke about movement, unity and peace when these three things are in place but today we can find them. Most of the times Nigeria has recorded the best of results were periods when these three things were in sync. When we were free to do everything we can do as one nation, when we were very peaceful, we respected our diversity, we appreciated our diversity, our uniqueness and we embraced our differences, we were able to respect our differences we have done remarkably well. But today, when somebody approaches you, the first thing that happens, subconsciously you start imagining where he's from. If you don't imagine where he's from, he's from the state of origin, you're already imagining what's his church. And so when you are asking this thing in your mind even without saying it, you're already breaking that code of that aspect of unity because somewhere something is being broken. Okay, he's not, he's from church A, he's person is from church B, you start questioning the differences, the ethics, the regulations, the dogmas and you start disagreeing with even any other thing that he's doing because he's from this sect. So I didn't think that this is very, very powerful. We really need to go back to the basics like I said. Freedom, we must have to start thinking about this and peace, our unity, must have to be at the crux of the matter. Well, for me I would say, I quite agree with you Raymond. No, the concept of Nigeria, our corporate existence as Nigeria or as Nigerians is more important by the driver and ethnic affiliation. Now the peace and unity is not just an abstract ideology, it's something that is practicable. There are steps we have to take as a people and I agree on in our side because it's not a video we blame the government on. The government, yes, they have a part to play for policy and enactment of uncertain rules and maybe trying to hold institutions and individuals accountable by enforcing laws. But as he people, we, we should see ourselves that everybody is a leader in sense, do something to inspire other persons, do the right thing. Number one, there are things we need to do, strategies we need to imbibe as a people. We should be more inclusive with whatever we do. Let me give you a very practical example. I know of, I heard of somebody that said I would not mention the particular job. He said, is he landlady, if she wants to rent a house and she doesn't like renting a house to this type of tribe, why? Because she thinks that these people are troublemakers or she's not sure of how they will make their money or something, it's not supposed to be. We should not be having prejudicia. Do your things be inclusive. You should be more interested in somebody what the person can offer you as an individual in terms of business and also as a collective coexistence as Nigerians than who the person is in terms of where he's coming from. His tribe has not shown his religion. Don't care about that. But there was something remember that brought up earlier and which is about our perspective, our mindset. The person that does that that says I'm not going to give someone from Nigeria Delta a house or whatever. You also find that that person is also very likely to say I'm not going to give a Christian a house and also very likely to say I'm not going to give a woman a house. They say that. So some of these things comes from the kind of minds right? The kind of mindset that does not allow you to look beyond the box. I was just thinking of something. If you get into trouble in the UK, if someone gets into trouble in the UK you're probably not going to tell the policemen that are you know you're my brother. But in Nigeria if you just think that the law enforcement officer you will try to get favoritism in the future. Now it's because we find it easy to play the ethnic cards both sides and then also because even the law enforcer himself is not just and on what I mean by being just I catch someone, that person that does something is wrong and I say okay go your first time or is the morning go I'm not looking at where you are from or anything but you don't find you probably will not find in other climes where what people do is based on they are looking at are you from this place and in places where there are racial issues you know that there are very clear racial issues like what happens in the US there are very clear racial issues but in our own case it's killing it's killing because we look at like it's not obvious you can't say oh this guy we don't want to make them obvious just like what Fela Nikulapo says some years back Fela he says something that if in South Africa at that time at some point we talk about apartheid the white hitting black what will you say about you hitting your brother you know there is something that Omone said that I really want to emphasize I've always been of the opinion that corruption is not the problem of Nigeria I can't say that anywhere I think if you ask me what is the problem of Nigeria I will simply say that there are no consequences for actions there are no consequences for actions because corruption is very very relative I mean what is corruption are you pointing at the teacher in the classroom that is not standing up to teach the students with all her heart are you pointing at the employer employer that is not paying their worker salary as at when do you are you pointing at the security man at the gate who can't allow you to pass because you don't look like you're going to give him money are you pointing at the staff that is hiding someone's file because they are not giving so I think that there are no consequences for action in Nigeria and when I mean consequences I'm not just talking about even people doing bad things I also mean people doing good things because here we don't celebrate people for the good things that they are doing most of the Nigeria that gets to be celebrated find out is because a foreign eye is beginning to point on them or maybe a foreign eye has taken them out and celebrating them heavily for the little things that you are doing then our people start rushing is our child is our dad the same thing with the negative aspect can we get to a point where people are punished outright without looking at your face without looking at who could be your father you know I had an experience in a particular country that I went to and while at the airport I saw someone who from a country and the person meet an offence that here could have just slide and that was the person try to boycott COVID protocols and they cut the person at the airport outrightly find the person $3,000 just trying to boycott and there was no Jupiter that could reverse that the person paid the person paid $3,000 the person was going to face 5 years in jail so if you are going to pay $3,000 for doing that after paying it I am very sure even inside her room she will never think of boycotting any process and so we have to come to a point here in Nigeria where people are punished outright but here we have laws but how many of them have been enforced how many of the politicians have been sent to jail they just come out and they make a charge of us and so back to what we are also saying we must come to that point for us to achieve freedom we must get to a point where people who are defaulting in the rules and the laws that have been set are being punished because it is only then that the rest of the society will begin to align with an already existing rule and so we can achieve freedom you know that if you are going on the road to ask someone there is a system that have seen what you have done you know that if you jump the traffic or you drink drive nobody will beat you but by the time you get to someone somebody comes and gives you a ticket and you have to pay or you don't drive if these things don't happen we can't talk a bit about freedom because people are just going about doing anything because nobody is catching them we can't talk about unity because right now we already just mentioned about the things that divide us more than connect us together in a place where technology is connecting people we still find this tiny tiny tiny divides around this whole area when even knowledge is global right now you still want to check if this person is your brother before you teach him is this person from this place before I can teach him is this person from my church before I can teach him it's no longer about the result but about who is involved so I really think that we have to really achieve this and the issue of peace like Felix rightly pointed out peace has to be a collective effort can we really start looking after our neighbors even right where we are we need to start getting accountable and it starts with ensuring that our individual goals does not affect the peace and the progress of the next person if that doesn't happen then you're not accountable and so everywhere we start having randomness everywhere and things will begin to get complex what you said actually your right ends where the other person's right begins if you talk about peace like we said we have to practice our inclusion then we should also embrace the fact that we as a people we are diverse in our views, our ideas our cultures, our religion but we should embrace the collective corporate nature of an existence Nigeria where everybody can benefit and aspire to be anything now that brings me to this issue of what happened yesterday that was the video circulating initially and people were saying oh the police wouldn't have attacked this set of individuals because of their religious belief so people should be respected everybody should have that unashiba of Nigeria no Nigerian is more Nigerian than any other Nigerian but everybody can claim to exist together as Nigeria actions and consequences we hope our conversations continue to resonate with you join us again next week on another edition of The Advocate The Advocate continues on our social media platforms on Facebook plus TV Africa hashtag The Advocate NG and Instagram at plus TV Africa hashtag The Advocate NG to catch up with previous broadcast go to plusTVAfrica.com forward slash The Advocate NG don't forget to subscribe to our YouTube channel plus TV Africa join us next week same time on this station and let's keep advocating for a better society bye


The following is a presentation of TFNN The TFNN Bull Bear Trading Hour every trading day live at 10 a.m. Eastern Call now toll free at<PHONE_NUMBER> or internationally at<PHONE_NUMBER> The TFNN Bull Bear Trading Hour Now Tom and Tommy O'Brien Good morning everybody, I'm Tommy O'Brien joined this morning by a man Basil Chapman filling in for Tom for the hour Basil. Good morning Good morning to you. How are you? I'm doing fantastic, man? We got a lot going on in the markets this morning Basil should be a quick hour We'll start things off folks S&P right now positive by two points Nasdaq positive by one point You get the Dow positive by 64 points goal catching a bid right at about 1498 right now you got oil catching a bid as well oil trading 5450 last time I took a look at it ten year yield Currently at 1.738 percent. We got Microsoft earnings after the bell tonight We had Boeing earnings this morning Caterpillar Texas instruments last night I'm sure we'll jump over to all of those throughout the trading hour and on top of that Basil We got the man Mark Zuckerberg testifying in front of Congress trying to tell them why he should control the currencies that are going to Control the world and pretty interesting checking over on Facebook a little bit of a pop this morning after pulling back pretty hard yesterday You trade from about 190 yesterday in Facebook down to 181.25 overnight and then as you can see 184.26 quite an opening bell bar this delayed feed So we're looking at 945 but nonetheless you have Zuckerberg out there speaking to the financial services committee about the cryptocurrency Libra and I imagine that he is going to be Deflecting a lot of questions and that's even ahead of time and supposedly and why not I'll pull the headline out here Basil Because it's interesting stuff when you start talking about currencies and in light of everything I am not a fan of Facebook not a fan of the Zuckster the Zuckerberg in terms of what he's done And I don't think it's in anybody's interest if he starts controlling currencies But supposedly he expects to divert many questions about Libra to the newly formed Libra Association Which is designed to manage the rollout of Libra folks If you think that anybody is in charge of that besides Mark Zuckerberg And he's got you in his pocket as well. So Basil back to the markets. What are you looking at this morning? What do we got going on in terms of the earnings the markets up there near almost highs gold of 1500 Yield at 1.73 and this week a huge week for earnings and Microsoft after the bell So just real quickly, let me run this through Facebook. I've got Facebook up here You can see on the left daily in the middle weekly and on the right is monthly Facebook's been a huge digestive phase since the 2018 point 62 high in July of 2018 and Runs all the way down to the 183 area in December Actually has a huge spike up to about two to ten and then it comes back down and that's it to me It's just stuck in a training range. The other thing is for any Individual company to be able to have a monopoly on currencies I don't think we've ever seen that because there's countries that involve are involved with currencies So that's going to be something we'll have to watch very closely So especially that's going to happen. Not today. Well, I hope it doesn't that's what regulators man This government serves it serves a certain purpose folks and I don't trust Zuckerberg as far as I can throw him because he has a repeated history of Privacy issues whatever it is and he keeps getting caught and they keep Pushing the limits and so I wouldn't trust anybody, especially somebody with the history of that to be controlling your currency Okay, so that's Facebook, but let's just run this through quickly in the Dow The patterns I for this is one of the first times I've seen this in a long time I'm not getting the actual price of the Dow on my chart The futures are up only 17 what do you what do you have the actual price of the Dow act right now? He's an up. I believe it was like 60 points last time I looked whoops, that is not it Let me pull it over. I think I have it. We're looking at the Dow right now trading 46 points 26 834 Most of that is Boeing because Boeing is up After being absolutely crushed quite a story. Yeah around number high in the last move up at on September the 25th Plum is down to 324. So this is a 25 point balance from the 24. Yep 25 points from the low Filled in the gap. I think it's just a reflexive action At this point You really can't tell what's going to happen with Boeing because there is just so much going on Legally morally and just in everywhere. I agree the CEO of the works So I would just put I know a lot of people have said to me over the last couple of months Wow Boeing should be a fantastic buy and I said, yeah, you might be right looking out But what are you going to do if it goes at the time that we were talking was in the 370s 380s I said, what happens if it goes to 280?  Yeah, are you okay waiting five or ten years to make sure that that stock rebounds, right? Because I agree You're fantastic buy, but oh he's going to be around. I agree But they are in one of the most worrisome iron analyst this morning talking about when you're dealing with scandals like this You got to kind of pull the band-aid off completely You got to have some transparency at least so the market believes that everything is out there Especially when you deal with something so horrible with hundreds of lives being lost as a result of that and that does not seem like it's happening And that's the most worrisome thing just from a financial perspective let alone Like you said the moral which means that regulators at any point can say, you know, maybe they ready But I want to be just a hundred percent sure and they're going to keep doing that and that's going to extend anyway That's going just to finish it bowser because the one thing that I found remarkable on their earnings Is that they said that they expect the 737 max back into rotation fourth quarter of 2019? That is by the end of this year yet the airlines that use those planes do not so I Question everything that Boeing's putting out there and you know the earnings of course took a huge hit But the market knew that that was going to happen over the course of the last year But you know and I still say, you know Tom and I talk about it I can't imagine that that plane is not going to get rebranded at some point that 737 max name takes on such a It's finished. Yes. Oh no rebranded the left to test it at least for months Yeah, and that's why I imagine you know where where is that by the end of 2019 folks? We're 70 days outside of the end of 2019. I can't see that plane back in rotation with a new name fully tested With lines of people jumping on those planes commercially. I don't see that happening So we'll see that's what Boeing is saying is going to happen I'm going has the capability to absolutely rectify every single mechanical or technical electronic thing There's no question. They have the resources. They have everything how they got into the situation It's silly to talk about it because we know that Boeing was one of the most respected companies in the world Definitely and they have just ruined that reputation. Yeah, it'll take a long time Chief technical pilots for the 737 right coming out and using the word egregious in terms of how the software was handling And that was ahead of any of the flights. So I don't trust them at all So if they're telling us it's safe I want other people like maybe the faa maybe regulators to come in and and back up anything They're saying because like you say they've lost the trust and that's pretty important When you're talking about flying people around the country when it comes to trust they were the gold standard I mean you went into a Boeing you just felt secure if it was all right So enough with Boeing. Let's go to the nitty gritties what I wanted to show you and I think this is going to be very important Is that within the context? Let me just do this. I'm going to go I'll just do the tower even though I haven't got the most up-to-date data. This is very unusual I must be a little get your trade station. It doesn't happen often So there's a consolidation going on there. Okay. Well, we've got a break coming Perfect. We'll tease it right there folks. Now we're gonna be back in three minutes We're going to dig into the dow. We're going to play into what we have happening in earnings We got oil inventory basil coming up at 10 30 as well a full day of action books We have the s and p flat nasdaq negative by nine dow up 47 basil and I'll be right back If you're not currently using the taz profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks etfs commodity futures and forex headed by steve doll Taz understands that in today's technological world the use of top flight software applications and technical analysis Expertise is essential to successful trading in today's market You also gain access to the webinar that steve doll and tom o brian just hosted The best way to use the taz profile scanner to profit this webinar archive is available for all subscribers Immediately upon signing up all new subscriptions also come with a 30-day money back guarantee So you have nothing to risk start your subscription by visiting the front page of tfnn.com today And you'll find the taz profile scanner under the services tab sign up today Are you in the market for buying or selling real estate in the bay area? 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That's 7 27 32 9 83 22 call us today Many of our new listeners have heard about the tiger's den The tiger's den is a lively community where professional traders and investors can meet exchange ideas and information in a comfortable moderated atmosphere Hear all of the tfnn shows plus see all of the charts as they happen live and have access to archives of all of those charts You can test drive the tiger's den absolutely free for 30 days and greatly enrich your knowledge of these markets And how to make your money work for you details on the tiger's den or on the front page of tfnn.com Tfnn has launched our brand new website You can still visit us at the same tfnn.com URL But when you do you'll see a new and improved homepage with a much simpler navigation Whether you're watching tiger tv live in high definition or just accessing your newsletter subscriptions We even have new pricing in six months and yearly options Check out the new tfnn.com now and experience all the upgrades tfnn.com educating investors All now toll free at 1-877-927-6648 internationally at<PHONE_NUMBER> Welcome back folks tommy o'brien with basil Chapman. We get the dow of 27 points right now s and p flat Nasdaq negative by 12 So basil we're going to get into that dow quite a pop from that 730 low We had like you said bowing to do a lot with that bowing up about 3 percent right now But what were you if you could continue digging into that? I wanted to just say that there's a lot of upside resistance just overhead resistance in the dow If you look at the s and p it's pretty much the same thing. There's trend line resistance Prices have been holding well s and p is just down a little bit right now the qqq which is the nvx 100 You can see I've got these trend lines that I've drawn in And it's just saying that while at this particular point the technicals are holding quite well If there's some kind of distribution going on here and we've seen almost the same thing You know I talk about these peak d tops the fourth highest peak is where other things can happen You saw in the nvx at 194 71 on the 12th of september dropped sharply down to 181 We just made a little double top at 192. I think it's 97 in the qqs And a peak d again and you can see in the weekly chart holding okay But really struggling to get out of the way of that that resistance. We haven't seen that happen Same thing if I look at the iwm the russell 2000 just made a leg d It could be a peak d today stuck in the middle of the range So I just wanted to say I don't have huge technical Weakness showing I have price weakness. So that says to me be a little careful here But the other thing that's most important is that the smh's which have been really they've been barometers in many ways Of the markets moves up and down for for couple many years now They made a high at 125.38 the smh trading down now at 223 So from 125 38 on the 15th of october we're down at 121 It doesn't sound like much but when you see how the resistance is coming in And the report of texas instruments yesterday xn Which was it really wasn't a very good outlook at all no plunging downs down nine today and That's the same to me Texas instruments was one of the survivors One of those that didn't get all that choppy move that some of the other semis did It was just holding higher highs higher lows high highs and then all of a sudden it comes down very sharp That's just saying to me. We've got lrs lrcx was lamb research has earnings coming out today's down a little bit the 244.98 was 244. Yeah 98 was the last High all-time high. It's close to that right now What happens there is going to be important and zilinx another one that doesn't get spoken of very much But it's really very much very much part of the semiconductor index Is down quite sharply from 141 high in april of this year down to the 94 area So there's a real mixed market and you know when i talk about mixed markets If you look at you to united technologies United technologies that had good earnings. It has a nice rebound Not too much off the all-time high of 144. It's at 139 right now and yet caterpillar also heavy cyclical Is really struggling. It had lousy report It's holding not bad But if you look at the price the price from the 173 high of january back in 2018 Down to 111 just three months ago trading out 131. It says it's kind of struggling So even with in sectors you've got some stocks that are doing well and some that are not So this is i'm looking at this as a rotational market if we can continue to rotate so that Fairly strong stocks Taking just a breather not pulling back very sharply and the weak ones continue to be weak It means that you don't get this huge No, Joe Granville used to say in bear markets you get 94 percent or more of stocks going down But we've had rotational markets since the 2009 low in the general market fairly We've had one or two 20 percenters But mostly we've had rotational corrections and those mean that you go sideways using up time rather than price So that's really the the emphasis that I wanted to make right now and the heavy stocks in the That were the leaders the fang stocks facebook apple amazon netflix and google or alpha, but they kind of stuck in a range only only Uh, apple went to new highs the rest are kind of stuck So it says that this is definitely a rotational market right now And maybe they should throw microsoft in that fang Maybe they should fit an m in there somewhere with the way that they've been charging up We'll see tonight after the bell some people talk. Yeah, some people. I think correctly consider that microsoft I keep talking about this microsoft was one of the huge winners back in 2000 And then one of the huge losers and then they how they reconstructed how they reconfigured how they Adjusted and became leaders is really a testament to brilliance because that that was I think Managerial brilliance. I really positioning themselves as software as a service and then getting into the actual hardware of launching You know our man. Dave white has talked about it many times those windows computers Just it's not easy to get into the computer business even as microsoft and just uh, they've really made an impact And that's added as well, but you know we're outlook Subscribers ourselves, you know tfnn in terms of the whole uh the suite of products. It's a great deal and guess what though They got us. They got us on that yearly service charge And the service charge that that concept is I think was way more the ones to initiate it But they implemented it in a big way at the time they did not think that is wow, that's a that's a huge step And it almost seems Seamless from the outside, but that's not how it works, right? Then that's where I think it does speak to that managerial shift to to put everybody onto because you used to buy windows and you bought it Right, you bought it. It was yours done deal. Not only that used to be able to transfer to your next machine Exactly And now they've got you and you're looking at this So I was talking to your dad yesterday when I was interviewed by him and I said Microsoft has been I've got an expression that says a rectangle formation can last a lot longer than your patients Look at this from the high All-time high that was the week of the Second of august at 141.50. Okay Well 141 141 68 actually you're looking at Microsoft Going sideways And it just continues to do that. It is starting to show a little deterioration in the technicals But the price is still holding quite well, but I would say 133 to 130 That's going to be key support over the next Month and a half and what's interesting basil. I'm just jumping over the thinkorswim platform. I was looking over it last night I love to look at these one-day expected moves when you come into earnings, especially and Microsoft right now They're priced in five dollars and 11 cents folks So that's kind of taken the one-day option play buying a put buying a call So they're looking for five dollars and maybe 10 cents of movement. That's the volatility that's being priced into the options One way or the other so maybe from any further from 131 to 141 type range depending if they deliver or not Being priced into that market. So we'll find out after the bell basil. I'm going to jump real quick We got about 45 seconds. We're coming into the oil numbers at 10 30 that number. They're looking for a build So we got last night. We got api. It was 4 million plus barrels They're looking for a 4 million plus barrel build as well coming up at eia in three and a half minutes We got crude trading at 54 54 and I just took a quick peak if you're looking at the 54 50 exposure You're looking at about 37 38 Dollars, which is about 38 cents. So call it 40 cents a movement priced in by 11 a.m We'll find out folks. We'll get those oil numbers when basil and I come right back. Stay tuned Hi folks, Tom O'Brien here If you like to get my daily newsletter market insights Then now is a great time to sign up for a 30 day free trial Every morning by 9 30 I send out my morning letter to subscribers with market commentary on a variety of markets currencies and commodities To keep investors up to date on the day's trading action Included in market insights are specific buy and sell recommendations for stocks ETFs and even options Which stops and price targets included for every trade in my newsletter If you'd like to try my newsletter risk free for 30 days Then head over to the front page of TFNN and you'll find market insights under trading newsletters I use my years of trading experience to bisect and dissect the market every morning and give my subscribers the most important information They need to know for the day ahead I even issue afternoon updates for my subscribers whenever warranted with important market action I'm always scouring the market for the next great trading opportunity Sign up for your 30 day free trial to my daily newsletter market insights today by visiting your front page of TFNN dot com Well, go get them folks The path of least resistance is david white's daily trading newsletter And if you're looking for active trading ideas Then now's a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of Lease resistance newsletter using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted Don't miss out on this great chance to get a 30 day free trial to david's daily newsletter The path of lease resistance with no obligation to pay anything david has been delivering solid recommendations for his subscribers recently And if you'd like to see the type of newsletter He delivers every morning then visit the front page of TFNN And you'll find the path of lease resistance under trading newsletters For all the details and to start your 30 day free trial today log on to TFNN dot com now TFNN is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guard lease abc's butterflies and much more The art of timing the trade charts is designed to help you when scouring the markets for stocks Just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now we're offering licenses available at only 79 dollars a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting TFNN dot com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of TFNN dot com All right basil we got higher prices in crude coming at us $54 and 95 cents right now the number on EIA crude inventories coming in at a decline of 1.69 million barrels the forecast anywhere from 2.2 million barrels to the positive side Less oil than the market was expecting that's going to mean higher prices And we're looking at a five minute bar and we were trading at about 54 dollars and 55 cents coming into that number basil We just dropped 55 pennies. We're now at 55 10 in the price of December crude and man. Oh man That's not even 60 seconds into the number and it's been quite a run for crude from 9 a.m We were trained at 53 66. We're now approaching a buck 75 above that level a buck 50 call it above that level Above 55 dollars in the price of December crude shouldn't be interesting How that continues to trade for the day with a big miss to the downside last week We had a build of 9.2 million barrels this week We get a draw of 1.6 million barrels that crude market volatility everywhere First of all a good call because as we were going to the break you said you're looking at the upside So this is this is very interesting because if you look at the Pattern that I have right here. Look at the data and expand this a little bit here on the left So this one here i'm expanding you'll see crude oil has just been stuck in a range In fact it's been in the lower range And it hasn't broken down And it hasn't gone very much much higher I like to see crude oil actually working its way higher because it's usually a good economic sign Sure, but it's at the same time you do not want to see crude start to trade under 50 I think if it goes under 50, it's a real problem. So here in the 54 55 area I like that that's good and you can see it's just trading it's bouncing You're right. I keep showing these rectangle formations. You remember talking about Microsoft and look at this if you go to gold gold itself Uh, I'll make this a little Smaller so that you got actually expanded there if I expanded you can see I've got that rectangle formation Although we've gone above it and we've gone below it basically the whole 14 Let's call it 1500 to 15 20 area is where gold has been most comfortable trying to get get into that Hugging it maybe going a little higher going a little lower and here it is holding trend line support So this actual actually the move up 10 dollars It's just it's good But it's just keeping it in the range and if you put it together with the dollar which is being coming down The dollar's trying to rally but this is the first time I've got a sell mode in my weekly chart of the dollar In a long time and I'm watching real close to you remember we were talking about those fourth highest peaks peak d So we've got that in the daily chart at 99 46 in the dollar We've now got it in the weekly At a peak d and you've got it as a leg d in the in the monthly chart And the last d was back in january of 2017 in the monthly chart At 103.82 drops a little bit drops down to 88 25 in february starts to move upside We've been long the dollar and subscribers to my opening call since april of 2018 I still like it, but I have said this is a period We've got to anticipate that the dollar is finally going to get quite a bit of a breather as it takes the risk Because that monthly leg d we watch it We've got if in november it doesn't go above 99 46 that becomes a peak d in the monthly So it's interesting that the dollars dropped sharply But gold has come down together. They're always like to say that If you go back and look historically, maybe it's four to six weeks periodically throughout the year That you'll get gold and dollar moving together. Otherwise invariably they're moving in counterpoint But not necessarily in percentage terms if one goes up 10 percent the other drops No, just in counterpoint where the dollar will move up gold will move down So this time they've come together. Yeah, and if you if you put it together with the commodities look Wheat has had a fantastic move from the lows back in april may of this this year running from the four 28 area to 560 now digesting the gains look at soybean Soybeans done the same thing going from what was it was about this is a continuous contract so the price can change Round about 814 in may of this year and it screams up to even just yesterday. The high was 9 931 934 I mean, that's a huge move and corn as we said we Everyone likes to copy tom when they say corn they always say kahn kahn kahn Right, so we've got kahn trading right now down to but it had a spectacular move going from about the 353 it was about 356 Screams up to the weekly 200 period moving average up in the 470 area and it comes down to 352 and ends bouncing up so I think that this is A really fascinating if anyone's looking at the markets and saying what's happening There's been a there's been a change in trend for a number of different Sectors and one is the agricultural Because they were way on the down move. I mean they had Yearly declines that were just phenomenal. Yeah, and then they had spectacular gains Which they gave gave up in certain cases and then they re rebalanced So this is saying that the grains are trying to find some kind of a footing. You've got You've got the tlt which is the bonds having these moves in the tlt 111 to 148 in the 20 year T bond. I mean that's that's like a stock, you know, you should get bonds moving like that So this is definitely where people shrug their head and say what's happening in the market I can understand that but really what's most important to me is the fact that the public Not a word not a pipsqueak. I mean I I've been to events and gatherings for a year and a half and I'm just waiting for someone to come up to me to say Wow, what a spectacular move in name whatever it is. I made a bundle. What a great market Nobody said a word. I don't even want to mention the stock market I think to roll the eyes and shrug their shoulders So it just doesn't stop man. I mean we've been almost on a two-year consolidation that low from December In the markets remarkable, especially from where we've come since then But it's been a non-stop train almost since 2008. We're now approaching 2020 Almost remarkable. You're talking about 12 years of of returns that Everyone seems to come to expect as the norm and as we all know that that's not always the case and we'll see if it continues But we're right up there near highs right now that tlt bad so people look to bonds for safety You buy that tlt at 140 right now You better be aware that you can get some negative price action With that chart because that is some risk in terms of principle Just jumping over you're keeping it on The dollar and so forth. It's interesting basil. I'm checking back the price of crude oil Still kind of up at 54 dollars 96 cents So we got about a 50 cent pop and kind of market just hanging out there for the moment But yesterday, of course, we got the brexit vote at about two o'clock within the two o'clock hour So you had the mps over there approving the first vote Which is to move forward with brexit but then negating the second vote which would have fast tracked it And man, oh man, you saw the euro up there at about 111 15 we're now trading it. Uh, excuse me 111 52 we're now trading at 111 15 and the pound, of course Accelerating as well pulling up the pound u.s. Dollar. We were sitting right at I believe 130 in the pound u.s. Dollar We're now trading at 120 86 so with those two pulling back seeing a bit of Um Impact of course on the price of the dollar but just magnificent moves and and the brexit saga continues And with that that's a good teaser. We're going to go to break folks. We're going to come back We're going to talk to our man teddy keg stat. We're going to talk forex. We're going to talk brexit pound dollar swiss franc We'll talk some forex when we become right back folks. Stay tuned If you're in the cd market and looking for a secure investment the tiger first mortgage program may work for you The security for these first mortgages are building lots in the tax opportunity zone in st. 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Tommy o'brien with basil Chapman right now. We got markets floating pretty close to calm We got the s and p's flat 29 95 nasdaq negative by 14 trading at eight thousand ninety dow jones positive by 16 trading 26 thousand eight four Let's go with our man. Teddy keg stat as we do every wednesday at 10 40 past the hour You can check out teddy every trading day at forex dash trading dash unlocked dot com That's forex dash trading dash unlock dot com and man. Oh man. We always got something good going on in the forex market Teddy keg stack good morning Good morning guys So teddy quite a day yesterday, of course with the brexit I was sitting here on the bloomberg terminal watching the votes come down the first one got approved By about 20 votes on the mp. The second one got denied by about 20 points and you saw that pound fall off You saw the euro fall out fall off a little bit of dollar action Um, what is it? What what's kind of your take on those markets and where we go from here? Maybe we can start off right there Okay, well, obviously we have a timeline Excuse me of halloween october 31st for brexit So for sure that's something we're looking at keying off the information We had the ecb which has some big numbers coming out tomorrow They had the pmi for the eu for germany and france all coming out tomorrow So these are going to be numbers they're going to be watching so that it might be a little stir with the euro us Dollar tomorrow, but as a whole i think we're going to start to see them kind of go sideways into uh next Thursday as we have these votes on you know Unleashed and we see really where we're going to go with as far as direction But one thing you guys might want to take a look at is Besides brexit ending on october 31st We also have a monthly signal that may be triggered in the dollar index And is this could be the beginning of a new uh direction for the dollar index for not just the next couple months But maybe actually for the next couple years so For october we have a bearish and golfing line forming So if we settle right now with the dollar and if today or tomorrow Index was a settle where it's at we would have a sell signal on a monthly basis Also should this signal occur next thursday that might be the second shoulder in a head and shoulders formation on a multi-year Formation for the dollar index And if these two things coincide and are correct Then we probably we see pressure on the us dollar not just for the rest of the fourth quarter But probably for the next two to three years literally And it's pretty cool. Teddy. We've been talking about it and of course, you know Brexit tying into things the pound and the euro getting pulled down so dramatically as we've had so much uncertainty over there And really quite a pop that we've seen over, you know the last few weeks with boris as in maybe the hard brexit taken off of things You've seen the dollar lose a little bit of the steam it's had since then So maybe that sets the trend, but it's been quite a move that you've been talking about man as we've come into that that Vote and kind of that october 31st deadline so far Starting to interrupt you uh real quick the dollar index as it's been pounding these lows I mean the last couple days it's come back Ironically so as the pound the pound has come off its highs the euros come off its highs So there's a this little we have a harmonic that started on october 1st And I think this is going to continue until october 31st even with the brexit going on Yeah, it's it's it's interesting stuff man I sat here for the whole hour from about 2 p.m. Eastern time yesterday to about 230 it took for those votes to come down and um Not to say it was all but expected, but man. It's just history repeats They think that they might get it right the pound is up there And before you know it it falls off that cliff at 230 when the second vote doesn't pass and and the volatility kind of continues Sure sure and I think that yesterday's votes that you're talking about They're they're totally indicative of what we've been seeing for not just the past few months But for the past couple years, um, but it was a positive sign That boris johnson did get one vote. Um, it's a step in the right direction And I think it's probably the first positive signal for him that we've seen actually in a couple months Yeah, I mean we're dealing with it the second vote was a little closer, wasn't it? Yes right I've been dealing with it for almost three and a half years and for the first time they actually got a vote to um to go forward with Brexit now they they pushed the timeline back Um, which is why you saw that kind of delay, but pretty remarkable You know, you had all those Theresa May defeats And then they finally get one get one forward So three and a half years a little bit of progress inch by inch they get there, but that's where we stand And they say things take a long time in the us Oh, right and you know the the lead up to that before we jump to some of the other cards The lead up to that was, you know the fast track, right? Oh, man. How are you going to do this with only three days of negotiations? Um, and I I kind of agree with that sentiment You can understand that sentiment for everything on the table, but you got to keep in mind They've had three and a half years to do that action. So, um frustration everywhere. How about the yen? Teddy, I know we're always looking at that we get the yen trading about 108 57 right now What are you looking at for the yen? Now the yen is the one currency is kind of funny how Where the dollar has been weak and the other major currencies have been strong The u.s. Dollar yen actually has been the opposite So while the dollar's been under pressure the yen made newer highs recently just last week Now it has been consolidating over the past couple sessions And I think that that's because we have so much geopolitical news that's coming into play So and to the upside It's it's a it's just a grind like you notice if you take a look at the high that we made a couple sessions back That took out the last swing high by only a little bit. You're talking about a half a buck move You're not there's not much room to the upside now I'm still bullish overall especially because I'm bearish the uh the dollar index right now And if if that if especially as we trade in the next thursday at the dollar index falls under pressure again Then I think you're going to see the yen actually continue to make new highs But I don't think you're going to see Any exacerbated rally. I think you're just going to see it just kind of tick through Make new highs and be a grind where I think your your weak shorts are going to get squeezed And I think your weak longs are going to get chopped up. I think you just kind of got to ride it and just hang on Yeah, pretty remarkable, man When you look at that just going back to kind of the beginning of august And man, we had so much turmoil whether you look that was kind of where our rates went, you know Gangbusters as well, but you're the yen basically almost right where we're at, right? You trade down to almost 105 and now right like that. We're right back almost at 109 The swiss frank teddy. I know we talk about that a lot Yes, always taking a look, you know, you're talking about parody and so forth. What are you looking at for that swiss frank the chf Right now. I think for the us dollar swiss I like the the little bounce that we have over the past couple sessions I think that we'll probably see that rally continue Maybe over the next day or so into the end of the week, but I'm looking if especially if the dollar index starts to go lower I think you're going to see the swiss frank actually get down to that like 97 30 area 97 half area Okay. Yeah, we're trading. What are we 99 08 right now on that swiss frank? Nice, right? We had a rejection of parody. I think right now you have to look at the short term trend where You know, we're it's it's indicating at lower move lows. I mean you make a lower move high lower move low Lower, you know, I mean you just have to go with the following, you know with the trend Yeah, that's the trend is your friend as they say it doesn't come from nowhere, right? For sure because they don't care about brexit and the eu stuff like that. They're different Yeah, that reliable swiss frank for sure Right. I like it. I think as a trader as as if you want to avoid the news right now Trade this trade the swiss and key off the dollar index. I think the yen is going to be a tight trade The euro and the pound they're they're kind of you know, the euro gains strength, but it went away. No fire You know the buckle eight area like eight half Teddy we might have to move this to two segments going forward and we got so much happening in the forex market That was a quick nine minutes folks. You saw the charts we had up there Check them out teddy every day forex dash trading dash unlock.com teddy. We appreciate it man. We'll talk to you next week Take care. Take care, man. We'll be right back. You are or strive to be one of the best of the best at everything you do in life It's the most common trade that we tigers and tigers is share If you're looking to become the best of the best when it comes to managing your money Let me teach you to do what most wealth managers tell you can't be done Which is how to time the markets i'm steve rode's author of mastering probability and for the last 12 months Timer digest has been tracking my newsletter signals Which have earned me the ranking as their number one market timer in the nation for the s and p 500 for the last 12 Six and three months timer digest also ranks me as the number one market timer for gold as well The fact is markets can be timed and i'll teach you the exact set of tools that i use that is Transform me into one of the best at what i do sign up for mastering probability today By clicking on the newsletter tab on the homepage of tf and n dot com and get immediate access to workshops Where i take you step by step how to use an extraordinary set of tools as well as provide great market calls too Sign up today If you're a trader in the market looking for exposure to gold or gold mining equities Then now is a perfect time to sign up for tom o brian's gold report The summer is over gold is trading back above $1500 and the 10-year treasury is hovering at around 1.5 percent Tom o brian has been writing his weekly gold report for almost 18 years There's no one that knows more about how the gold market trades and how gold mining equities react new subscribers get a 30 day money back guarantee So you have nothing to lose every monday morning tom publishes his weekly gold report with coverage of gold silver bonds the x au Hui gdx the dollar as well as more than 30 different mining equities as of september 3rd Gold report subscribers have five active open positions with an average unrealized profit of almost 38 for each position to see for yourself the types of profitable trades that are recommended within the gold report Sign up today by visiting tf and n dot com Since 1984 basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion While originally hand drawing charts from the late 1970s into the 1980s basil noticed that prices under most circumstances Virtually always had a certain number of legs to the upside before declining sharply Later basil found the computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns As well as market trend calls thus was born the Chapman wave sequence Using the Chapman wave methodology along with other indicators basil Chapman advises his subscribers of his expert market opinion Each market day with his opening call newsletter right now You can get a two week free trial to the opening call basil's daily trading newsletter by visiting the front page of tf and n dot com Cancel at any time during that trial and pay absolutely nothing get your two week free trial to basil's newsletter The opening call today by visiting tf and n dot com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tf and n dot com Welcome back folks We got markets inching into positive territory s and p's positive by four nasdaq positive by six dow jones positive by 20 checking back in on that oil market It continues higher basil 55 dollars and 20 cents We're now up about 70 cents since we got the number But man, we're approaching now a solid dollar 60 dollar 70 from the price we were trading at at just nine a.m and folks You heard basil here check out his newsletter Great service the opening call right under newsletters daily service and what you get in there as well You get a plethora of archive webinars that basil has in there for his subscribers. You see him here I'm just accessing this is the subscriber webinar page This is just the webinars just kind of the add-on let alone the daily updates that you get every day That basil puts out for his subscribers, so I encourage you to check that out 30 day money back guarantee Basil always doing a great job for his subscribers. So with that in mind basil What do we got coming up in an hour for the tiger technicians hour? So what's going to be important is to be able to assess the with two Semiconductors three actually semiconductor stocks coming up that are of importance to today and intel. I believe is tomorrow Okay, it'd be very important because SMH is as I say they've really been harbinger of trends for some time And I don't want to ignore that at this point It does look like they it's kind of toppy in the semiconductor area But I'm hearing that the orders are starting to come in for some of the some of the companies like applied materials Alarm research So we'll see how that plays out because this texas instruments might just be a one-off We'll see yeah most importantly if the smh is in the next week or so actually start to trade above 126 They're at 121 right now. Oh, that'll be really good action. And you can see the impact folks I mean even intel getting hit texas instruments intel down about 1.3 percent And to pull up intel for that expected move two dollars and 13 cents right now The market pricing in when they come out with their earnings Basil, I appreciate it as always man. You have yourself a great day. We look forward to the program at noon Thank you. Tell me you always enjoy. Thank you. Stay tuned folks fast market coming up right now