Welcome to the another session of Conjection Control. In this session I will explain the another important algorithm of Conjection Control that is Token Bucket Algorithm.  So, first of all let us see why token bucket algorithm is needed. The leaky bucket algorithm enforces a rigid output pattern at the average rate and no matters how the bursty the traffic is. For many application it is better to allow the output to speed up the somewhat when the large burst is arrived. So, a more flexible algorithm is needed preferably one that never loses the data. One such algorithm is token bucket algorithm. In this algorithm the leaky bucket holds the token generated by the clock at the rate of one token every delta t second. Now look at in the figure one the bucket holding the three tokens with the five packets waiting to be transmitted. Now in this the five packets are waiting to for the transmission. For a packet to be transmitted it must captured and destroy one token. Now look at the another diagram. So in this another figure B three of the five packets have gotten through but the other two are stuck here these two are stuck here and waiting for the two more token to be generated. So the simple idea for the token but bucket algorithm is what here the interface includes or it contains the leaky bucket and this leaky bucket contains the token. Now the token bucket algorithm provides a different kind of traffic shaping than that of the leaky bucket algorithm. The leaky bucket algorithm does not allow idle host to save up the permission to send the large burst later. The token bucket algorithm allows saving up to the maximum size of the bucket. The property means this property means that the burst of up to the end packet can be sent at once allowing some burstiness in the output stream and giving the faster response to sudden burst of the input. The token bucket algorithm does not discard the packet. The leaky bucket and the token bucket algorithm can be used to smooth the traffic between the routers. The token bucket regulating a host can make the host stop sending when the rule say it must stop telling a router to stop sending while its input keeps pouring in keeps pouring in or may result in the loss data. The implementation of the basic token bucket algorithm is just a variable and that counts the token. The counter is incremented by 1 every delta t and decremented by 1 whenever the packet is sent. When the counter hits 0, no packets may be sent. In the byte count variant, the counter is incremented by k bytes every delta t and decremented by the length of each packet sent. Now a potential problem with the token bucket algorithm is that it allows the large burst again even though the maximum burst interval can be regulated by the careful selection of the P and M. It is frequently desirable to reduce the peak rate, but without going back to the low value of the original leaky bucket. One way to get the smoother traffic is to insert a leaky bucket after the token bucket. So here in this token bucket algorithm both algorithms are used. The rate of the leaky bucket should be higher than the token bucket, but lower than the maximum rate of the network. So here the leaky bucket is used in the token bucket algorithm, okay. So now here pause the video and write down the answer. Compare leaky bucket algorithm with the token bucket algorithm. Now here is the comparison. Now in leaky bucket algorithm when the host has to send a packet, packet is thrown in the bucket. But in token bucket, in this leaky bucket holds the token generated at regular interval of time. In leaky bucket, the bucket leaks at constant rate whereas in token bucket, bucket has a maximum capacity to hold the tokens. Now in leaky bucket algorithm, bus-t traffic is converted into uniform traffic by leaky bucket. Now in token bucket, if there is a ready packet, a token is removed from the bucket and packet is sent. In leaky bucket algorithm or we can say that in practice the bucket is a finite queue output at the finite rate. But in token bucket, if there is a no token in bucket, the packets cannot be sent. That means what the packets are hold by the token and these are not lost at all. Let us say the advantages of token bucket over the leaky bucket. If the bucket is full in the token bucket, the tokens are discard not the packets, okay. So here the data is not lost. While in leaky bucket, the packets are discarded. The token bucket can send the large burst at a faster rate while the leaky bucket always send the packets at the constant rate. Now let us see another most important topic that is flow specification. The traffic shaping is most effective when the sender, receiver and subnet all agree to it. To give the agreement, it is necessary to specify the traffic pattern in a precise way. So the flow specification is an agreement consist of data structure that describe both the pattern of the injected traffic and the quality of the service desired by the application. A flow specification apply either to the packet sent on virtual circuit or to a sequence of datagram sent between the source and the destination. Now the example of flow specification, before a connection is established or before the sequence of the datagram are sent, the source gives the flow specification to the subnet for approval. The subnet can either accept it or reject it. Once the subnet accept this agreement, the maximum packet size tells how big the packet may be. For example, if the part of the path goes over an Ethernet, the maximum packet size will be restricted to no more than 1500 bytes, no matter what the rest of the network can handle. Similarly in token bus, the size of the packet is 8182 bytes. Now the token bucket rate is the number of bytes per second that are put into the bucket. Token bucket size tells how big the bucket is. For example, the token bucket rate is 1 Mbps and the token bucket size is 500 kb. The bucket can fill continuously for 4 seconds before it fills up. Any token sent after that are lost. Now the maximum transmission rate is the top rate that host is capable of producing under any condition. So these are the examples of flow specification. So in this video we have seen what actually a token bucket is. So to give a better performance or to provide a better conjection control, token bucket algorithm uses the leaky bucket. So here in this algorithm leaky bucket is also used and which holds the token and this token consists of the packet and because of this holding capability the packets are not lost. Then we have seen the another important topic that is flow specification. So this flow specification is what? It is the agreement in between the source, destination or the subnet and it can transmit the data with that particular capacity or the LAN capacity. So just now I told you the LAN capacity of the Ethernet is what? 81500 bytes whereas the token ring is what 8182 bytes or we can say that the 8182 bytes. So this is flow specification. These are the references, thank you.


And in a bid to ensure that human-right Asians form part of the discourse and build up to the 2023 elections, the National Human Rights Commission in Patu State organized a town hall meeting with gubernatorial candidates of various political parties. The town hall meeting brought together relevant stakeholders and also engaged the candidates on a variety of issues bordering on the right of citizens. The chairman of the National Human Rights Commission represented by the Patu State Chairperson stated that it has become necessary to engage political actors on human-right issues because it is a critical indicator of a functional democratic system. During the return of the Tonese, that is the IDPs in Europe, we were told by B1M that over 2,626 persons have been displaced from their land, ancestral land. It is the responsibility of government to ensure that for us to be able to take the violation of rights of people living on IDP camps, we should be able to return these persons and give them the life of their own. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.


Live from the Austin Convention Center in Austin, Texas, it's theCUBE at Dell World 2014. Here are your hosts, Dave Vellante and Stu Miniman. We're back, welcome to Austin everybody. Stu Miniman and I are really pleased to have Jimmy Picon, he's the Vice President and Senior Fellow and Chief Architect of Dell Engineered Systems. Jimmy, welcome to theCUBE, it's great to see you. So, Engineered Systems is in your title, but really, we're going to talk about HPC, but let's start with your role inside of Dell. Interesting title, Senior Fellow, Chief Architect, you got VP in there, what's- Did today have to make bigger business cards for you? Yeah, actually. Well, so my title is VP and Senior Fellow, Chief Architect of Engineered Solutions. Five dollars and you can go to a Starbucks and get any cup of coffee, can't work. So, actually, we have a technical ladder, okay, and there is a Senior Distinguished Engineer Fellow and Senior Fellow. So, I'm at the top of the technical ladder, as far as the Dell Recognized Technical Ladder. It's an easy way to get there, okay. The senior part is I got old. The technical part is being a fellow, is being recognized as not only a Dell leader, but an industry leader and someone who can influence the industry and certainly has their finger on the pulse of the industry, that's the role that I'm expecting to play. And so, I'm responsible for the technology that goes in for the products that come out of the Enterprise Solutions Group. So, we love having folks like you on, because we can pick your brains and help us sort of squint through what's really happening in the industry. So, I wonder if you can, let's talk about specifically HPC, where it's been, where it's come from and how it's related to this big data meme.  Well, sure. So, I think there is a general perception that HPC is for the geeks. It's for the research guys, the guys that are making new science exists, the guys who are looking for solutions to enormous problems that have never been solved before. Geeks and spooks. Yeah, and that's true, it is for those. But it also has a lot of practical applications that are much smaller than that. For example, one of the things that we've done is we've partnered with a company called TGM, and we've created a solution that's actually a genomic sequencing solution. And so, when this is out in the world, you'll be able to go to your doctor's office and have your personal genome sequenced in about four hours. And those use the techniques that the high performance computing community has developed. Now that's an example of the smaller part of HPC. Certainly it is large. You can go, HPC is really high performance computing. So, it's not necessarily high performance computing in the large national lab kind of model, but it does scale that. Now the significant thing is that the techniques that we have used in high performance computing up to now are being applied in lots of other places. For example, if you look at big data, big data is a scaled out model for doing data processing for understanding things that happen in large amounts of data. In fact, if I look at the technologies that are used in HPC, and I look at where big data is going, it's becoming quite difficult for me to tell the difference between the underpinning. It's the use and the application of them. So, I'd actually say, and by the way, if you look at the enormous amounts of data that we're starting to deal with in the world and the ability to process those pieces of data, you need those high performance computing techniques to go through that amount of data to make sense of it. So, I think maybe a better term going forward is about big computing. And big computing is not only is it high performance computing in the way we've known high performance computing, but it's big data. And you can look at the merging of those two because if you've got billions of zettabytes, I think the IDC guys say that by the end of the decade we'll have 40 zettabytes of data. That's a lot of data. And if you're going to go through enormous amounts of data, specifically unstructured data, which is really what Hadoop, what the map reduce model is all about, you need those techniques for being able to do that. So, I see a real convergence between high performance computing and big data, and I guess for lack of a better term, I'd call it big compute. So, that's an interesting narrative. And I remember when I first came into the industry, there was a lot of buzz from Danny Hillis with Thinking Machines and Kendall Square Research, my friend Ed Gershenson built the IO subsystem, used to educate me on all the cool stuff that you could do, and of course, Cray. Like you said, Jimmy, it was always sort of confined to that little niche. And so when you think about HPC and now what you're calling big computing, scale out, shared nothing, the database is what, help us sort of understand for this lay person sort of what the characteristics of that big computing is and what it means. Fair enough, let me give you a couple of data points. I'm not sure exactly the numbers, but there's around six billion cell phones that exist in the world today. And interestingly enough, only about three billion, I've earned about half of them, and we're actually only about people. The rest of them are vending machines, are traffic sensors in the roadway, they're tracking devices on trucks, they are security cameras, and what this does is this creates this huge amount of data that we have to deal with it, and the key thing about it is it's not the database models that we're used to, it's unstructured data. And what that means is just big globs of data and you have to be able to go deal with that data. And that's really what MapReduce is about, what Hadoop's been about. In fact, I'll tell you one of the things that we've done to help make this something that people can consume is we actually have an appliance that we created, and it is Intel Cloudera, it is Yarn, which is sort of the evolution of MapReduce, using scale out capabilities like Yarn. You said Yarn, right? Yarn stands for yet another resource negotiator for the geeks out there. But it uses scale out capabilities. And it really takes Hadoop from batch, helps it get more real time, right? Right, and then we added Spark on top of that. Which is the in-memory piece. Exactly, and so now you can go do data analysis in that model without being a data scientist. And for example, Spark has about 80 intrinsics built into it, so you can go use those intrinsics that are built in. In fact, you could write your programs in Python, which is, looking back, I never thought Python would be such an important language in the world, but it really is. But the idea of doing that in a way that you don't have to be a data scientist, that's one of the things we've done. And the idea is it takes the concepts of big data, of course, the big data is there. And we have three sizes, small, medium, large, really creative sizes. I like it, like the cube. And it is really the emergence of the things that we've been doing with high performance computing, and the way that you connect things up, and the things that we've done to speed up computing, and the emergence of using this vast amount of data. And last question before I let Stu jump in here. What about the data aspects? I mean, traditionally, high performance computing, the data types versus what you're just describing with all this unstructured sort of schema on right, or no schema on right. Yeah. Where are the similarities and where are the differences? Well, so high performance computing has really dealt with big data for a long time, especially if you go look at the large models that exist. Some of the most, I was trying to think of an example of an extremely, I can't think of an example right now. But if you look at modeling and simulation, modeling and simulation specifically around things like jet rocket engines, the automotive industry, what they do with their. Weather. Weather's a great one, right? And those have, we have dealt with large amounts of data for a long time. The difference is the data that the high performance computing has dealt with has been largely batch data where you have your solid database and your solid source of data, I should say, and you go out and you perform these big modeling pieces on it, and you move the data to the places where you want to do that. That's a real similarity where we go with big data. The difference is the data is much more fluid in the big data model than it has been in the past. So the idea of bringing big math to the data, which is something that has happened for years in HBC, that's what we're doing with the Duke. We're bringing code to the data, not the data to the code function. Yeah, that's a pretty good way of describing it, yes. Okay, good. Stu? Yeah, Jimmy, I wonder if you can help connect the dots for us, what we were just talking about from the application and from the infrastructure standpoint. I think we're full agreement with what you were saying. We actually did a market definition and market forecast of what we call server sand, really scale out architecture where storage pulls back into the compute and allows for some of these environments. If I look at the state of the marketplace today, solutions like what you have and with your partnership with Nutanix and others, those are going for virtualization and VDI. They're not running the kind of NoSQL and big data environments. Most of those today, it's a lot of DAS because it's a smaller environment. Some of it's going into the public cloud. Some of it is going to some scale out like NAS architectures and playing around with some of the new ones, but help connect the dots for us. I think the best thing to understand is, especially in IIT, one size never fits all or one technique never fits all. I could tell you that we were going to converge to a single model and you should probably shoot me there because that's not the way it's going to happen. So if you look at what people are doing, there are companies out there that have basically built their business on doing their compute a certain way. There are companies that do VMware, the Evo rail stuff that their companies like to do Microsoft, you can go see the CPS platform, Newtonics, there are companies that want to have that model and the idea of being able to provide the best value to the customers what this is all about. Okay, so I guess from an application standpoint, do you see those kind of the new, the analytics applications? Where do you see those fitting into those solutions that you just mentioned? That's a really good question. I think it becomes really more around the business problem that the customer is trying to solve. I think there are analytics pieces that are going to emerge and they're almost, you can also look at them and sort of fix the clients model. We have some business intelligence applications that we own as Dell now and I just lost, I can't remember the name, but anyway, there is Syssoft is the company that we're talking about. And that is, it came out of the process control arena. So the ability to do understandings and analytics of things that happen in the environment. Steps off. Steps off. Yeah, we had Matt Wolken on yesterday, I was looking at my notes. Oh yeah, that's good. That's good, I can't believe I can't remember that name. But yes, I think there are tools that we're going to provide in those environments. And then a lot of the stuff that goes around that is going to really deal with what the customer feels is the value he's looking for. So our intent is to try to provide the best value to the customer in the environment they're building.  So we'd love to ask about kind of the research culture inside the company. Has the privatization of Dell over the last year, has that had an impact down to the research side or has that been just going full steam? Yes it has. I think it's easier for us to do things that we might not have been able to do in the past. We can do things that have a little longer time for them on them. I think that one of the things that the financial community likes to do is they want to see things that happen that make an impact on the next quarter's results. And that makes it extremely hard for you to deal with things that do not have an immediate return on investment. Some of the acquisitions that we may really fall in that category. You can look at some of the things that we've bought. Dell, I'll note, SecureWorks is a success. Dell bought SecureWorks and a lot of people in Dell probably didn't know what SecureWorks was and what it was going to bring to the value. That's one of our shining stars. Now that occurred before we went private. But as far as being able to do investments like that and being able to reach out and do things that might not necessarily do an immediate return on investment, much easier now. Jimmie, I wonder if you could talk to the notion of the secrecy and the cloak and dagger of the HPC world historically and compare that to what's going on in big data. You see some of that. What about the whole privacy aspect? What should people think about, how should we look at the notion of HPC coming to the mainstream and big data? How does that can affect privacy? Well, that's a good question. There's a lot of sociological changes that has happened. I have children and their view of privacy is much different from my view. Now, as far as being able to understand where things are going with privacy, the big data is going to happen. The collection of data is going to happen. One thing to remember is everything you put on the web, it's there and it's going to last forever. So you really need to be cognizant of what you're putting out there for people to basically look at and understand because you can't take it back. So Dell has a lot of security solutions and I know it cuts across. It's one of your big software businesses. How do you as a technologist sort of work and grab that technology, that IP and get it into solutions? That's a really good question. I think that, and this is one of the other things that I think has happened since we have gone private, the relationship between my group, the engineer solutions group, part of the enterprise solutions group and the Dell software group, it's much better for whatever reason. I don't know if it happened because of this or it evolved to that. So we have a close collection of John Swinch and his organization and the products that we're doing. You talked to Matt. So we have these great products, SecureWorks, the Sonic wall, being able to reach out and understand the direction that those teams are going and how that relates to what we're doing. It's a much easier relationship for us to go understand that. So it really is an appangent on people like myself and like the technologists and John's teams to understand where we're going and where those intersections need to be done and make that happen. So how do you see this thing all coming together? Is the HPC world and the big data world, are they colliding? Are they on sort of parallel paths? Clearly we talked about the technologies coming together. Are the skill sets going to sort of, there's a real lack of skill sets in the big data world and those two worlds going to come together and are we going to see this HPC, the whole technical computing thing, finally explode into the mainstream? So yes, I think we're going to see HPC explode into what you call the mainstream. But it really, you have to understand what segment you're talking about. Does HPC mean it is an astronomically large compute model that you're building with or is it one that is sized for the problem you're trying to solve? Here's a piece of data. In the US today, almost all of the real innovation comes from what we call tier two and tier three companies. They're small companies that go out and they focus on solving a solution and then they partner with the larger companies. Those companies really have a lack of compute infrastructure that they use. So I think one of the things that Dell we're trying to use, we're trying to create models that not only fit the very, very large solutions but are actually applicable for the departmental and the division side of things where the smaller companies can actually afford to go do them. And I actually did a talk on the impact HPC in your modeling and simulation and what it can save. So if you really go understand what you can save if you model it and test it and then build it as opposed to build it and test it and build it and test it, I think the impact becomes clear. The electronics industry has done this for a long time. I started out doing ASICs a long, long time and a lot longer than I care to admit. And the behavioral modeling before you actually build it saved millions of dollars because it avoided mask set after mask set after mask set. So if you look at the pace of innovation and you look at the way the industry is changing and the drive that people have for results, putting those compute resources in the hands of the smaller guys is one of the things we absolutely want to go do and we think it's important. And so we don't need necessarily to think about supercomputers of multi-million dollars or tens of millions of dollars of supercomputers. You're talking about bringing this technology to the masses. Yeah, so 16 node clusters, 32 node clusters, 10,000 node clusters. They don't all have to be there. Now, I'll give you a couple of examples of what we've done at Dell. We've been a partner with the University of Texas for a long time. They're Texas Advanced Computing Center. The projects are, they're two of them that we should talk about. One of them is called Stampede. And Stampede is a cluster that we partnered with them to put together. And it's about a petaflock cluster and it's number seven on the top 500.org. We have a similar situation. Oh, and there's actually another cluster in a cat called Rengar. And it is the data side of a companion which is the San Diego Supercomputing. It's called Project Comic. I think there was some conversation about it earlier. So those are three examples of things. Now you asked about the collision of that big data in HPC. HPC has done high performance computing and has developed a lot of things that really have spurred them along. Probably one of the best known file systems is Luster's, right? That's been there. And it's kind of the main thing you might say. The big data side, especially the mat reduce side, Hadoop, HDFS, the models that are even merged. Those are not the same. So I think there is going to be some crossover or convergence between the two but I don't think it's a light switch thing. I think people are gonna start asking questions of how you do HDFS or how you do Hadoop on things like Luster and putting those together. And I think you'll see convergence from that perspective. Now as far as the big data guys are going to continue to do big data because that's new well. The big compute guys are going to continue to do big compute because that's what they do well. The big data guys would probably be angry at me saying this but maybe they don't do compute as well as the compute guys do. And the big compute guys, maybe they don't do data as well as the big data. So I think there is an opportunity for things to merge together and for us to create some synergy but they are going to run as kind of independent paths. But they can learn from each other. They can learn from each other. And grab techniques and designs. One more comment. The most critical resource is people, especially in the performance computing space, the guys who can create those algorithms. People who can understand the problem you're trying to solve and create those algorithms that you then can go implement and look for the problem. But that is the most scarce asset certainly in the HPC space today. So I encourage you, every time you talk especially to people in academia we really need to be creating models and allow those capabilities and those talents to exist. And we're a way shorter where we need to be. Jimmy Pike, we have to leave it there. Thanks so much for coming on. It was really great. Thank you. Pleasure to meet you. All right, keep it right there. Everybody, Stu and I will be back right after this word.


Hello and welcome to the session in which we would look at the disposition of personal use property. Now we have to understand what do we mean by personal use property. It's a property that you use as the name suggests, as the wording suggests for personal use. It doesn't mean for business use. It doesn't mean for income producing. Simply put the car, the vehicle that you drive for entertainment, for going shopping, for going to work. I'm assuming you're an employee for taking vacation, so on and so forth. So this is the vehicle. This is a personal use asset. Now this personal use asset could be also a business use asset. Simply put, you could have this Mercedes Benz SUV and you can use it for business purposes. So what we are assuming here is this is for personal use. So first thing we want to understand is the personal use property. You could have a computer for personal use, your desk, so on and so forth, your furniture. Those are all personal use. Like think about your refrigerator at the house. It doesn't get any more explicit than that. That's a personal use asset. Now what happened with personal use asset? Well, when you dispose of them, you have to figure out the amount realized, how much you received, compare it to the basis and if you have a gain, the gain is taxable. Now you have to look at the amount realized minus the adjusted basis. If you have a loss, the loss is disallowed. It means too bad you cannot take the loss. So this topic, the disposition of personal property, it falls under the umbrella of the third and non-taxable gains and losses, but specifically it's going to be disallowed losses, losses that you cannot deduct. Why? Because it's a personal use property. Use it for personal use to go on vacation, to go to the movie theater, so on and so forth. I'm not really sure who still goes to the movie theater, but nevertheless, just to kind of make the point. Before we proceed any further, I have a public announcement about my company, farhatlectures.com. Farhat Accounting Lectures is a supplemental educational tool that's going to help you with your CPA exam preparation, as well as your accounting courses. My CPA material is aligned with your CPA review course, such as Becker, Roger, Wiley, Gleam, Miles. My accounting courses are aligned with your accounting courses, broken down by chapter and topics. My resources consist of lectures, multiple choice questions, true-false questions, as well as exercises. Go ahead, start your free trial today, no obligation, no credit card required. Now let's get into the details of things. So if you dispose of a personal use property and you hold it for more than one year, it's classified as capital asset. Don't worry, we'll worry about how how capital asset is taxed in a separate session, but we classified as capital asset and subject to the capital gains, if it's held more than one year. Now if it's held less than one year and you have a gain, well, it's considered ordinary income. A taxpayer who sells a capital asset at a gain must report the difference between the sale price and adjusted basis as capital gain. Again, it's considered the capital asset. We'll talk about about capital gain later. So don't worry, just know for now, it's capital gain if you hold it for more than a year. If you held it less than a year, then it's ordinary income. In contrast, the IRS rules does not allow you to deduct losses on the sale of personal use property. So if you incur a loss, guess what? You cannot take the loss. You cannot deduct the loss. If you really think about it for a moment, old personal asset, if you want to sell them, if you want to sell your furniture back to your refrigerator, your personal car, your desk, your computer, I'm looking at my desk and looking at stuff at my calculator, at my picture frames, anything I want to sell on the chair that on the chair that I'm sitting on now, believe it or not, every time you want to sell those assets, if you use them, you are going to get a loss. So think about this. If the IRS allows you to sell those and generate losses, people will be buying stuff using them, then selling them and get a tax deduction. So you guys see the point where it's not feasible or it's not reasonable. It's really a good idea for us citizens, but that's not allowed, but you can see why. So hopefully you remember why you cannot deduct those losses. It's worth noting that taxpayers may claim itemized deduction for personal casualty loss only if such losses are attributable to the federally declared disaster area. For example, most likely because of the hurricane EN, that's federally declared disaster area, any losses will be deducted as itemized deduction. And we'll talk about itemized deduction later on. And this law will change 2025. I'm doing this recording in 2022. So it should last few more years until we're back to 2025. Now, what happened is some people, what they try to do, they will try to convert their personal property, personal use property, not personal property, personal use property into a business use. Can you do that? Of course you can. For example, I have my computer and I want to or my car and I want to convert my car from a personal use car to a business use. Can you take the loss when you do that? And the answer is no, you cannot take the loss because otherwise everyone will do this. So the conversion of a property from personal to business use may not be used by the taxpayer as a tool for the deduction of this allowed losses. And I explain to you why they will not allow you this allowed losses. A personal use asset loss may never be converted into a business use deductible loss. So it's not possible. So what happened when you convert what happened, what basis do you use? This is what we need to know about when the fair market value of the property on the conversion date is less than the adjusted basis. And believe it or not, as I just told you, most personal use asset when you convert them, most likely, most likely, the fair, the fair value should be less than the adjusted basis. Again, why? Because you use those, you use the property and as you use personal property, they lose value. So how do we know what is the basis for that asset when we later sell it? Well, we're going to go back to the gift property rules, which is the dual basis for the gift property rules. So let me review real quick, otherwise go to the gift property rules. If you want more in details, let's assume you have an asset, you purchased a personal use asset with an adjusted basis of 10,000. This is your adjusted basis. When you converted this asset to business use, the fair market value happens to be 8,000.  Well, it all depends on the future selling price. If you sell this asset for 7,000, later on, you're going to consider your basis as 8. If you sold it for 7, which is, you even sold it less than the fair market value. So this is 8,000, the fair market value when you convert, then you will compare the 7 to the 8. Let's assume you sold your asset for 12,000. If you sold it for 12,000, your basis for the gain will be the 10,000. Therefore, you make a profit of 2,000. Here you have a loss of 1,000. Now, if you sold it in between, if you remember, there's no gain and no loss, the basis will be the same as the selling price. So if you sold it between 10 and 8. So remember, you have loss basis, the loss basis is 7, the gain basis, I'm sorry, the loss basis is 8, the gain basis is 10. This is if you sell it.  What basis do you use? Well, the original loss basis. So for the depreciation, you will take the lower of the basis or the asset fair market value. It's going to be the asset fair market value, assuming it's lower. It's the loss basis at the time of the conversion. So the basis is, this basis is also used for the depreciation. So for the depreciation, if we go back to this example, adjusted basis of 10k, and when you converted it to us 8k, so this is, if you incurred a loss later, this is the basis for the loss. The basis for the loss is your depreciation, which is the same thing as the lower of adjusted basis or fair market value, fair market value is lower. Now, the best way to illustrate this concept is to run through some numbers. Emily's personal residence was converted to a rental property. At the time of the conversion, the property has an adjusted basis of 170, fair value of 155. Can she take any losses? No, the $15,000 decline in value is not allowed as a deduction. Let's take a look at another example. Sandra converted her personal residence to a rental property after living there for six years. At the time of the conversion, the property has an adjusted basis of 270, fair value of 235. Again, what are we looking at here? We're looking where the fair value is lower. So this is the adjusted basis, which is 270, and when she converted, the fair market value is 235. So we have where we're going to have to be dealing with the dual basis. Determine the loss or the gain basis for the, determine the loss and the gain basis for the rental property. Well, it depending whether you sell it at a gain or a loss, the gain basis will be 270. So if you sell it at a gain, simply put, if you sell this, this asset at a gain, it means more than the adjusted basis, your basis will be the 270. So if you sold it later on for 290, the basis will be 270. If you sold it at a loss, if you sold this asset, eventually sold it for 210. If you sold it, if you sold it for 210, and this is a good review for the gift basis, for the gift basis, if you sold it for 210, your basis, your loss basis is the 235, the fair market value. So the loss basis is 235, the gain basis is 270. Determine the depreciation basis. The depreciation basis will be the loss basis. The depreciation basis is the lesser of the adjusted basis or the fair market value, which is in this case, the 235, the loss basis. Would Sandra have, have had a better tax position if instead of converting, sold it for 235 and acquire a new home for the same value? And the answer is no, it's a personal use property, definitely not. Losses on sale of personal use properties are this allowed, they are this allowed. You can do that. So this is what you need to know about personal use property, and this is a good review for the gift tax because we're using the dual basis. So to summarize, the personal use property, if you dispose of them at a loss, you cannot, the loss is this allowed. How about the gain? Oh no, the gain is taxable, whether it's longer than a year capital gain or shorter ordinary income. What should you do now?  How would you learn this? Look at additional resources, multiple choice, true, false, good luck, study hard, and of course, stay safe.


The following is a presentation of TFNN. The Tiger Technician Hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. Hazel Chapman on the 15th day of March. As I said before, hides of March. Hopefully not the hides of March. We're looking at the Dow. And this is going to be important being Tuesday day before the Fed speak. What can they say? I mean, really, the amount of information that's come in regarding earnings, et cetera, is the latest, I think, is not as good as it had been, but it's still pretty good. I'm the jobless rate, et cetera. So the Fed, on the one hand, really needs in an automatic way. They should have been doing it. I've been talking about this since I think 2012. Why isn't the Fed just normalizing everything and just raising rates according to the amount of demand? If people are asking for loans and they are starting to ask more and more than you start to raise a little bit, that's just kind of a normality. And that way, you're getting ahead of things like inflation. Of course, we had deflation for a long time. But that would have been normal.  It should just be kind of a normal economic activity. So I don't know what the Fed can do. I suspect they're going to wave a big stick, but only do a quarter point because of the uncertainty in the markets. And the fact that, look, let me run this quickly. It does up $160,000 at $32,103. S&P is up $30,000 at $4,203. The QQQ and the X100 is trading up $380,000 at $322,000. Now is the action. IWM holding OK, but now it's sideways. Up $0.90 at $193,062. The gold, gold is... Yeah, and this is what I want you to get to. We're talking about inflation. Well, certainly if you're looking at the last two, three weeks, you've had an incredible moving goal from under 1900 to the 20. I dread putting these in because they get smoothed out. And the number doesn't mean anything anymore because it's a continuous contract. 2078.8. I will put it in because I keep coming back to it enough. 2078.80, and that was, I think it was March. What was that, March the 5th? March the 8th. Suddenly you also put that in. So that's March the 8th. Well, March the 8th, it screams to not an all-time high, basically a recovery high from the high that was made back in, I think it was about March of 2020, touched the 2100 area. So this is a double top pattern. I'll talk about that in a moment. But what I want you to say, talk about the Fed, because what I want you to do is just quickly go through the indices. Now we can go through the commodities. Look, gold is down $42.00 in 1918. That is one, two, three, four, five, in six days, since the highs, five days, including the high at six days. But going six days back, that's one, two, three, four, five, six. The low was 1903.  It looks like an uppercase A. I always type this in. Let me just do that now. A, make it big, make it red, red, make it font. Let's go all the way to 48. That's the biggest they have here. And here it is. So we've got the Eiffel Tower. We had that before, way back there, back in January, when it ran up to 1850, and then plunged it down side, and then it started moving higher. And look at this. There's the A pattern.  I'm going to keep it there. I'm going to keep it, but I'm going to make it a little fainter, otherwise it just gets in the way of all the thinking. It's a 70. Okay, there it is. There's your A. So silver, same thing. Silver is trading down 36 cents at 24.93, having gone from the 27.40s down to today's 24.93. Another big move up and a big move down, the same number of bars. We're looking at high grade copper. High grade copper has made the Eiffel Tower. It's gone straight up and straight down. It appears in the Chapman wave. You're looking at crude oil. Look at that. We're down 8.62 today at 95.40. We were at 130.50. So is this an aberration? Are we going to go back and do retesting, et cetera? Well, if you just go from the patterns that are forming and try to do it as I always like to say, let the price movement tell us what could be going on in the fundamentals, is this really telling us that there's going to be some form of amelioration in the oil sector that there'll be alternatives or maybe we're starting a big slowdown. We don't need this kind of oil because, yeah, we're not back to January levels in the 70s, but we've governed back very quickly all these aberrational gains. This is the nuance that was really based on fear. And it goes to 130.50 in the continuous contract on the 7th of March. And yeah, it is at 94. That's 40 points. Well, do you realize at 40 points, we were trading at 59.87 was the low in December. If you think that the price movement now is 40 points below the high, just the difference that 40 points is about, what is that, 60%, 70%, yeah, about 60%, 70% of the 59 prices it was at. I mean, now you're trading not in the price of the equity or whatever it is that you're looking at, but the movements that you're starting to see are extraordinary. Now, either we're looking at, now we have to go back to talk about Ukraine, we have no choice. Now, either we're looking at a situation that says that crude oil is going to be resolved to the downside over the coming weeks because whatever happens in Ukraine and you have to be embarrassed when the President of the United States calls the Arab Emirates when you get a call and there's basically an answering machine that says, after lunch, call me again in another couple of weeks. I mean, that's really embarrassing. It says, it speaks to some, definitely speaks to a degree of on the one hand arrogance and the other hand incompetence. And all I can say is there's something wrong with that picture. And therefore we've got to look at this and say, is there going to be some, I'm not saying whether it's good, bad, ugly or anything, some resolution in the Ukrainian population and the whole aspect of the geopolitical side because we have to look at it and say, wait a minute, go from 130 down to 94. That means that within four or five days if there is a sudden spiral into the 115th area, everything is back on. But if there is a slide into the 87th area, it says, wow, that is so unusual and these times it's the portfolio which is really key to a lot of what we're looking at. So all I can say is, let's watch that price really closely and the Fed is also. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, Educating Investors. What's separating you from the most successful men and women on Wall Street? That's right. Information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market-profile-based scanner. Powered by its acclaimed TAS proprietary algorithms, this feature-rich scanner instantly filters over 2,500-plus global financial markets, such as stocks, ETFs, commodities, futures, and forex. 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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 and become the investor you were born to be TFNN Educating Investors Free at 1-877-927-6648 Internationally at<PHONE_NUMBER> Yeah, so we're back and I wanted to just kind of follow up because I'm talking about the Fed and what the Fed could, should, or would do under all these different circumstances. So on the one hand, looking at this and saying, you know, if the macroeconomic and geopolitical scenario continues like this, we can't exacerbate the potential for some kind of a recession. We can't be the ones kind of instigating it by raising rates right now when in fact, under any other circumstance, you'd say, with the prices of commodities so high, yes, on the one hand, we have to fight inflation with high interest rates, but on the other hand, the whole economic scenario at this particular point, look at the FXI. This is the China large cap iShares, and it goes from just the most recent high was 39, and it's at 26. But it goes all the way back to 54.33, high of February. So it's been cut in half, exactly cut in half. If China's I mean, this basically looks like China's in a recession, right, just the chart itself, then surely we're going to be having something, there has to be a residual, there has to be a ripple waves, have to kind of filter across the ocean and we should be feeding that at some point. So I think it's a very tough, so I'm just guessing, but from the TLT action, look at this. The TLT is up today, but it went all the way just the most recent, moved down from 142 to the 131s. These are bonds, these are not stocks, these are not tech stocks. This is iShares 20 year treasury bond fund, ETF that made a peak B- because it took out the left side low, 134 most recent 134 98 low, it took out the 133 arch formation, dreaded age pattern we spoke about yesterday at 13319 back in March of 2021 what yesterday's low was 131 let me just type it in here I was 131 72 131 72 you know that's what I'm saying this is extraordinary now I'm going to do this because I think it's important I show this to my subscribers I used an opening call every weekend and let me do this one right here new years there it is so what I'm looking at here is the 30 year T bond yield is a TYX it's white, the brown is a TNX 10 year T note yield the cyan is the 5 year T note yield and look what happened there we go I typed it in so let me see if I can make this a different color let's make it gray so I can read it 24.12 2.412 was the high of the weekend 19th of March of 2021 is that correct I need to just double check it's a little hard to see okay 24 oh I keep getting different numbers 20 there it is 25.05 25.85 I should make it white so I can read it 25.05 so it's not 24.12 it's 25.05 25.05 and I don't think this gets smoothed out no and what we're looking at on this particular the high of this weekend was yesterday was 24.76 in leg C so I have to call it a great peak C or leg C because we haven't taken out the high that was made back in March of 2021 and is that correct yes that's correct so isn't that interesting because the 5 year the cyan one has spiraled to the upside with the 10 year so there's almost an overlap of the bar but not the price of course so the 5 year is 20.38 there's 2.038 and the 10 year is 2.091 huh they got close they are why bother getting a 10 year where you can get the 5 year for the same thing you don't obligate yourself but look at the 24.38 2.438 in the 30 year so whatever we're looking at right now in the yields periodically we've been here before a little bit like that but right there up at that top it was made back in the week of the, it was a weekly chart week of 2nd November of 2018 when it did 34.55 but one of those prices is still active because it doesn't get smoothed out as well 33.32 34.47 this is 34.55 let's keep it as close enough so look at that and then it made a peak deal and pulled back sharply are we in that situation right now that yields the Fed does something and for some, remember when the yield locks in the rate that's your call when it just does that because it's trading maybe that's your call but it really isn't it's not fixed because this could drop sharply so that's not your base price the Fed fixes at that's going to be it so I suspect maybe a quarter point and then just wave your stick and say but we are quite ready to go even 50 basis points and the next move it could even be earlier than the next move just kind of have that threat I think the market would be a little bit relieved that at least something's off the table over there but they'll also get worried oh is the Fed now worried about a recession there's always something to worry about when it's once removed just from your regular daily worry that's a problem but look how beautifully would the ice shares of the global timber and forestry ETF is holding if I was to look at this chart I'd say you know with all the talk and everything globally economically we're actually doing not too badly and even even the Philadelphia Housing Index HGX yes it's gone underneath the rectangle it's usually not a good sign it's got these beautiful arch and cups and arch and cups and the last one was an arch and it's trading at 423.93 at 5.29 today but it's underneath the base of 439 0.50 it's called a 439 yeah I think that when you look at everything we're actually doing a lot better I want to get out of this now because I don't want to create a little problem with my charts of close space yes all goodbye but what I am saying is that think of this we've made a high in the S&P back on the 4th of January and in all this time with an international war going on look at this the price has gone from 48.18 down to 41.14 yes you have 700 points that's a really big move but look what we've come from even just looking at this peak I'm still calling it a peak in the monthly chart just on a digestive basis I don't see any reason why it shouldn't go down to 4,000 it doesn't have to I'm just saying under this digestive phase and we've had it in a long time this is different to that a sell-off when the Fed was talking about raising rates back in going to the that was actually here that was back in 2018 December going to that the low of like that that was in September going to the low of December that was a boxing day low 26th of December and that was quickly repaired I'll be back are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the Tiger's Den Trading Room only at tfnn.com the Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the den and surround yourself with these sharpest minds in the trading world subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live during their shows interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day subscribe to the Tiger's Den risk-free with our 30-day money-back guarantee and become part of the trading community tfnn educating investors you could be making money off the stock market and if you're already making money off the stock market you could be making a lot more check out tfnn and Tiger TV and get expert investing advice to give you the power to control your financial future go to tfnn.com and find the newsletter for you whether you're into trading gold metals, 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formation setups including Gartleys, 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 a month we are so confident that you're going to love this new charting software that will even give you a free day unconditional money-back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com this segment is brought to you by Think or Swim for more information just click the Think or Swim banner on the front page of tfnn.com Hi folks, so looking at the e-mini what we've got here is see this cup formation held this beautiful 200 period expedition moving average ran retested the left side high the technicals were not that good so it pulls back to just over the this is the one minute chart the 200 period moving average and it's gone to peak AP, BCD and E and we should get some kind of a pullback again of this E we'll see what happens so a couple of just a couple of quick questions was is this SCO a viable instrument right now well I mentioned just subscribers around I think 24 days ago I said I just don't have the courage I know that we would have a stop but it works overnight and all that sort of thing to go into the SCO which is three time two off the top of my head I think it's two times two times short the crude oil it was trading in the 580 area now it's at 712 it's up 9 almost 10% today if you look at crude oil it's pulling back the only reason is when you're dealing with something that could anything could happen overnight it just makes it for some if you're doing it personally in your society dude you're watching you doing everything but as a as a commentary or a suggestion for subscribers in this environment with the speed that's and the speed and the amount of points that on percentage changes it's just really tough so I had mentioned this is where I would like to go but I just didn't have the courage for it and we have pulled back and even today crude oil is down almost $9 so yes it's viable but now you've got a risk I don't know what the risk tolerance is a couple of you asked me about it absolutely yesterday was the perfect time to do it today is it's much more difficult not only that you've got you've got the market which is now up 333 338 in the Dow maybe anticipating something that's going to happen tomorrow with the Fed so a lot of things are going on so yes it is viable that's what the question was but in terms of risk tolerance I think that the best has been done just for now and now the risk is much greater next question was AB and I just wanted to confirm when I'm talking about the the actual in the crude oil when I'm talking about not expecting some kind of help from the countries that produce the oil this is this is what you look back and you say what have we done for those countries where do we stand what exactly is going on and then there's tremendous disappointment if there isn't some help and that's really the issue and the issue is that this is kind of where you find out who your friends are and it's going to be I think that the repercussions should be quite serious and in fact just from my perspective it says have even more determination to develop some kind of independence in this whole area of just oil generation because we need to do it even if it's short term that's all I'm saying so the other thing yeah we go so what we're looking at is that question, another question is okay XLE, I'll do the XLE here because we're looking at, oops I don't do that Axel is not what we wanted we're doing a minus in Airbnb so the question was is Airbnb a viable instrument at this particular time based on everything that you're looking at all right well Airbnb apartment rental service it should be doing very well because a lot of people are saying oh we're back we want to be going out we want to but look the price is saying it is struggling maybe there's something else that's going on with Airbnb but if I'm doing it just on a chart basis this is not good action at all this is the kind of action that you'd be looking at and saying uh oh spring and summer are coming and Airbnb is lagging it's up to 4.60 at 143 but wow it's in a trading range between 155 and 130 and it's kind of stuck so this is really tough for me the only question is do I buy or do I sell or do I step aside and I'm going to say just at this moment I would probably make the compromise and I'd say it's held the left side low it's making a little mini arch formation it's having a green candle you have two choices to start a very small position I think that was the question that I started position and I'm going to suggest right here you can either start at 143.20 I personally would not have more than 3.2% stop the 3.0 stop why because if it goes back it's a 143 if it starts to trading at 139 in this environment and in three or four days it's not able to really spiral above into even filling the gap from a couple of days ago maybe goes to 145.80 could do that today it hasn't done it yet then you're looking at something that's just stuck it doesn't have to break down but it's stuck especially if you're looking at the huge arch formation in the weekly chart and the smaller one in the dating it's a sharper one in the dating only because it's a shorter term but it's shorter in duration going from late January into where we are now so I'm going to say 143.48 start your position and it's really a small starter position I would probably if tomorrow at 3.30 in the afternoon even going to Thursday if it's trading above 146 I would add another small position that's the way I would trade it I'd keep it as a trade I don't see this yet as a buy and hold but I do think that it is trying to form a base to say I'm in play now the big thing about it is it has so many resistance levels 162 is the 200 moving average and it said 140 that's 22 points higher they said 143, 20 points higher I don't know all I can say is that it's a very disappointing chart formation right now and I would just be really careful so nibble here you could even step aside and say I'd rather buy strength than weakness but what it does is it shows strength then it reverses within 3 days it's done that so many or 4 days it's under so many times so what I'm saying is that I would nibble here 143, 57 I'd probably want to add if tomorrow at 3 o'clock after the Fed speak it's actually rallying I'd add some and I'd say this original position here could still have maybe a 2 point or a 3 point stop and just let it go where it's going to go that's the only way you can do it right now because there's not a single sign that I can see even I'm looking at the on balance volume I just see nothing to say that the strength and it's showing right in this moment has the power to go to the 157 area to start a new leg B to the upside if it does that, that's a really good sign and maybe you have to give up about 10 points to do that but I'm saying yep at 143 57 or 70 that was when we started this I'd say you could start your position yeah next thing I had was oh, Baidu Baidu is a good green candle today after a long-legged doji candle yesterday but it has gone ABC failure it has gone from over 350 to yesterday's low 102.18 this is very ugly and that comes into the category of you know you want to look at it that comes in the category of the FXI which is for the first time trying to have a big green candle wouldn't that be something, I'll be back are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg, Tampa and Clearwater markets, Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call Tiger Real Estate LLC today at<PHONE_NUMBER> or email us at Tiger at TFNN.com that's<PHONE_NUMBER> call us today the technology around us is changing everyday with so much happening it can seem impossible to keep up with all the information David White's investment newsletter is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at TFNN.com $37.50 sign up for Dave's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk free today with our 30 day money back guarantee TFNN educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade LABU or LABD directions daily S&P biotech 3 times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and 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pattern then a much larger one went to a low low then a much larger one and went to a low low broke the 2200 period moving average support then treated as resistance made a second arch a nice second is about the fourth arch then it's made a fifth arch and went to a lower low and now what we're looking at is that the low that was made at 13,000 I think it was in 20 13,020 just yesterday I forgot to type that in that was 13,020 and 20.40 is trading up 250 points at 13,296 now under all circumstances that I would be doing my short term to intermediate term work I would at this particular stage say this is a market that is just look at the on balance volume it's gone all the way to a low it's made a v-shape recovery from yesterday stochastic is making a higher low the MAG-D trying its best to see the 9 period differential cross above the 14 therefore the histogram is going to improve just a little bit the 9 is still way under the 14 but this is exactly the moment in the dreaded age pattern that says there was a lower low yesterday and yet another move within a day above the left side low the day is young I'm talking about an hour and a quarter into the session I can't talk about it as if it's 4 o'clock but I am saying that under every other condition and I can't talk about the political aspect or the war going on I have to just talk about the chart this is exactly where there should be a rally but the point to be made it will not succeed because it's making lower arches and lower lows and it will not succeed unless for about 2 or 3 days after it does it if it's able to do it it closes above the high of 3 days that's Friday I believe it was Friday's high was 13,714 on the NDX100 if there is a close above it going into Friday afternoon certainly by Monday and it's able to hold the the 14 period moving average of 13,640 I don't want to go down to the 13,486 so that's a huge ask but this is exactly what I'd be looking at for some kind of a rally that has time to the upside time to the upside is not 3 or 4 sessions it's really maybe 2 weeks and I don't know in these conditions can we go 2 weeks without bad news enveloping the market I don't know but that's what it would need and on the downside in the chapmoy methodology in the weekly chart little double top there and it's come down to a leg E and you can see that for the first time you start to notice that the decline is smaller than it had been before as both in the daily and in the weekly that's below the left side low this is exactly the moment the MACD in the weekly chart has oodles of time to go before the histogram can even get to a zero line it is way down a minus 291 the stochastic is flat remember when it's over 80% and holding I say that's all the books are wrong they say unbalanced volume sorry they say the stochastic over 80% is overbought and under 20% is oversold I say no there's exact wrong words over 80% is excellent especially over 90% and holding and flattening well we flattening now it's 17% so it's the exact opposite so until the stochastic can really start to trade on a weekly basis above I'd say 22% but I really can't I have to say 25% it's kind of stuck so all I'm saying is that for this to be the kind of bounce that is worth putting on a position and widening your stop and then narrowing your stop as it rallies today it's up 265% 2% if tomorrow afternoon eastern time at 3 o'clock the NDX I don't know where it'll close today I don't know where it'll be at that time but if there's a rally and it is getting close to the 13,000 350 13,400 level that's going into tomorrow's close or higher that'll say whew this is about time we've got a pretty decent rally and especially gold can be continuing it's downside move and the geopolitical yellow light that flashes which is called gold gold has to also be pulling back because that is in play as a almost like a VIX index in the fear factor of gold geopolitically so the VIX is the market fear factor it is the geopolitical fear factor the dollar trading I didn't even do that today our dollar we are long from 90.07 trading at 98.75 if the dollar continues to hold here it says you know what with all the bad talk and everything this is still the most respected currency in the world and it's a stabilizing factor and that's important so John I want to just for a moment go to the QQQ we've got a little bit more notation there you can see these arch formations and you can see that in the QQQ obviously the same as the NDX100 a lot of people are not looking at the NDX100 they've got the QQQs if you look at the weekly chart sell mode is deeply in place if you look at the monthly chart with two weeks over two weeks to go you're looking at the candle last month which I called a kind of a chapamid Roman candle not 100% but very close because the wick is just a little bit too big but it's already deeply into it it's already tested and broken the left side low so that's suggesting there's a chance that on March the 31st Thursday March the 31st we have no choice but to say you know what if there is not a really strong runny towards the 348 to 353 area by the last days of March I have to think that there's a sell signal coming up in the monthly chart so I think I've done that about as thoroughly as I could question I have here about CLF I think it was let me just go back here Sharky wants to know about CLF CLF is oh it typed into the den by mistake sorry CLF oh I didn't sorry I didn't do the downside for the QQQ's I'll get in a moment CLF I said just let it pull back it's a 2452 making the arch formation that dreaded age let's see if it can pull back under 24 my thinking here is if you haven't got any CLF this is cleaver and cliffs it is flat roll steel and iron or pellets I think the steels are just having a bit of a breather they've been spectacular running the last two weeks it just needs a bit of a pull back I'd look at it again if you've had it and you've taken money off and now you say where do I put back ideally at about 2350 to 2280 but at the moment I'm just saying if the question is where would I get in right now on the CLF cleaver and cliffs if you haven't had any maybe just nibble here 2449 like a feeler but this journey is such a small position even if it drops three points it's not going to hurt you but this is kind of where you want to get a feel for I think it could drop another point or so and that's really where I would prefer to be able to pull back the moment as a Chapman OS or WTG for sure sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice and guidance from the authority in technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8.30 am to 4.00 pm eastern for free each host is 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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> just click the think or swim banner on the front page of TFNN.com I forgot to talk about the downside of the QQQ if there is a close between this week and next week it's at 324 right now if there is for whatever reason the close below 310 that monthly chart is going to say that is a very serious problem now I need to just talk about this for a moment we've had the tax sector take an unbelievable hit in many stocks that's the QQs but actually I grabbed this always as just a good example docusign having a bit of a green session today but it goes from 314 down to days low of let's call it the 72 level so many of these stocks are extremely oversold under any condition but the big question for me is are we about to see the Microsofts that held beautifully and basically have just started rolling over are we starting to see stocks that basically held up very well in the big cap more the the Dow type big stocks and Microsoft is part of that you'd include in this particular instance you could even go to a Walmart because I want to do something in the retail area holding towards the highs in the rectangle pattern the big question for me is are we about to see the roll over now in the stocks that have held extremely well as the big caps that have now become small caps like a docusign like many of the others are they going to start to find some stabilization as the ones that have held best start to tank and that says are we now only in the second part or even maybe a quarter of the third part of this bear market and now we're going to see something else and that to me is a really big question and tomorrow I'll be doing my show at 8 o'clock to 9 o'clock and it'll be repeated again at 10 but I have to do an early show tomorrow and I'll talk a lot more about that because I think that is an issue that we need to discuss are we looking at a roll over sector by sector by sector or are we actually looking at spending the ones that are holding up now actually buoy the market over the next three part. Have a wonderful session


How do I edit my YouTube videos? That's a very kind question that I've been asked in the comments on my YouTube channel. And it got me thinking, what if I were to share my entire edit process with you in real time right here and share the whole process from beginning right through to the end. And of course, whenever I get an idea like this, I'm terrified. This time I think it's because I work with the best, absolutely the best, video editors in the industry. Look, his footage of me working with two of them right now in the before times, obviously. This is how we'd work together. Everyone's come to the pub and we're still here. Now obviously I don't want those amazing video editor friends of mine to see this video at all. I am definitely not a video editor and this is definitely not a Final Cut Pro tutorial. It's more of a ride along. You can sit in an edit session with me. How exciting. I'm going to fast forward through as much as possible. So many boring bits. I'll try and speed up. But you'll get a sense of how my edit session works. Hello, I'm Neil Mossy and I'm a development producer, helping high achieving creators and performers just like you. High five to help you get ideas out of your head and out onto here on YouTube where they belong, where you can make the world a happier place. And I'm going to see if I can keep your attention for longer than two minutes because the most important thing with editing is... So I'm going to put my camera file onto the timeline first. I hit W. The next thing I usually do is to add some compression to my speaking. It gives it a bit more oomph and then after the compression it looks like this. So next I'll just have a quick whiz through the intro to get up to the point where I'm speaking over the screen recording. I tend to record too many takes for my intro. It's a way that I psychologically get into doing this. Here in the waveform you can see my three hand claps. I'll drop the screen recording onto the timeline and then I'll drag myself on top of it. Command X to cut and jump to the beginning and then Command V to paste. I can't see the hand claps on there. Right really helpfully I've started the screen recording after the hand claps. Those claps are meant to synchronize the timing of the screen recording with my camera recording but a lot of the time I just do it by ear. It doesn't have to be that precise because it's only a screen recording. So I can hear a delay so all I need to do is move this across so that they are in sync. All I need to do now is to kill the audio of the screen recording and then I need to move myself up into the corner into a box. I select my camera footage and I use transform. You can see I get dots around my camera footage and if I shrink the picture you can see there I go disappear into space and I'll put that on the top right hand corner. I tried to make this box as as big as possible as you can probably see now. This is going to fry my brain in the edit because I'm doing this on this video that you're watching right now. I'll just move myself across and you can see I've got a lot of room to the side of me there which we don't really need. So I use trim to bring this down. So we'll click on this menu click on crop difficult to say and I'm going to shrink that to something like that. I don't want it to be too tight but I need as much screen real estate as possible so I might go back to transform. Just move me over just a little bit that looks okay. The next thing I do is to resize the screen recording so that I can fill as much of this picture with the material that I'm talking about. Man this chair is really starting to annoy me. To resize my screen recording I don't hit use transform I just use crop and you can see I can shrink down. That's a screen size window which is really handy. So I try to get the YouTube logo in just so that you can see what I'm talking about. That sort of looks like enough and if I hit done you can see now that the screen recording fills the screen which looks great and the picture of me in the box doesn't look too intrusive. And we want to go down to here customization. I put lots and lots of pauses in my speech and I tend to take them all out. I'm probably leaving them all in here but usually on my videos I try to snip out these these little pauses. My worry is that by taking them out anyone watching my videos will hate the way that I speak normally. So it doesn't seem to be serving my long-term interest to be taking these little pauses out but leaving them in is just as annoying for me to listen to. So I'll take them out for now. Now the way I make an edit to keep the screen recording in sync with my talking over the screen recording I'm going to have to cut both the camera footage and the screen recording footage and to do that I select all so that's command A. Now when I make a cut with command B it slices through both sections both the camera footage and the screen recording and if we're coming back in here this opens it looks like a good spot. I do the same thing again so command A and then command B and then when I remove this section it stays in sync and hopefully the edit sounds like this to expand the menu and we want to go down to here customization now this opens up a menu for I am very comfortable with my videos jump cutting as you've probably seen already. I would much prefer to give a signal to the viewer that I am not wasting their time at all so I have no problem whatsoever with jump cuts. I try to make them less messy and I'll show you how I do that with the edits but I'm not too precious about my footage jumping around. I just want to get through what I want to share as quickly as possible and I think it sends a good signal to the viewer even though it's something that TV and cinematic editors absolutely hate. So at the top here we've got a channel trailer for people who are a channel trailer for people who are subscribed and not and then you might be aware of this but this is where you can put different shelves different lines rows of rows of videos for your for your YouTube channel rows of videos different shelves different lines put different shelves different different rows of different shelves different different shelves different you can put different shelves different rows of videos for your YouTube channel page these are my rows I kind of like to think of them as bookshelves and then they're subscribed and not and then you might be aware of this but this is where you can put different shelves different rows of videos different rows of videos for your YouTube rows of videos for your YouTube channel page these are my rows these are my rows I kind of like to think I kind of like to think of them as a channel page these are my YouTube channel page YouTube channel page I kind of like to think that channel page I kind of like to think of them as bookshelves can you hear here I have a little lip smack which is something I tend to do a lot if I run the the playhead over it let's turn it up can you hear that so I'll put the cut slightly after it you can see it it's just on this waveform here I'm just going to go after the this lip smack sort of it's not very intuitive it's horrible swallow as well so we get rid of that as bookshelves it's not very intuitive it's not very intuitive but this is how you add but this is how you link it's not very intuitive but this is how you add but this is how you link a bookshelves and it's not very intuitive but this is how you link a featured channel I keep making mistakes while I'm doing it I'm always always using command z or command z which is undo undo undo I had a friend who said wouldn't it be great if you could just apple z things in life that's quite a philosophy and when I get to the end of this I'm going to be resizing the screen recording so we can zoom in on what we're talking about and zoom out I'm just cutting this for audio I just want my dialogue soundtrack to be continuous and I'll make the screen recording fit and time with my speech I have a feeling that I'm going to I have a feeling this is going to be quite a long video so there are chapters in the description below if you want to jump ahead so I've got to a section here where I'm talking about the URL at the top of the browser and obviously I've cropped that off so I'm going to reposition the screen recording so that we can see what I'm talking about I'm just reposition that now so I'll go to crop and then I'll move this crop up to here so I'll take out this gap and I'll go super big on the URL here so I'll use crop and I'll zoom all the way up and my face is going to obscure some of this I wonder if I should move it across I might move it across I think if I hold down command while I'm moving it it allows you to move it more smoothly done I'm going to go full frame on me so it was me going full frame I'm going to fill the frame with this shot to hide the jumpy join if I highlight this I'm going to take off the crop so I'm going to untick transform and crop and you can see that I've removed crop so I'm going to fill the picture I'll play it through and you can see what it looks like a unique URL name for the channel this is what the channel is actually there it just helps the viewer feel like I'm here for you rather than blathering away over a screen recording the reason I chose to cut there to come back to the screen recording was have a look at my face there's a name for the channel there can you see that I blinked there let me show you again I blinked before I looked down there's a theory of cutting on the blink and basically when we're talking we provide little edit points when we blink it's when we give chunks of information or when we're taking in chunks of information it's almost like our brain shutting everything down parking it in our brains and then opening our eyes again bizarrely if you ever want to know how to time when is the right point to edit yourself your eyes blink at the at the right moment your eyes give you the clue so if you watch that while you're editing these little blinks that you're doing subconsciously without even realising it they're providing all the edit points that an edited video is actually trying to recreate it's one of the best theories I've been given about editing now here we have a problem because the thing that I'm talking about on screen recording is actually hidden by me by my box let's start it here so I'm going to move that over to here and I'm going to crop the right hand side of my box and now I'm obscuring the left hand side of the screen so I'll probably resize this screen recording to go crop let's make it bigger I don't really like doing this but I might have to move my box to the middle I really don't like putting my box at the bottom of the screen it's like it diminishes my own authority on my own channel let's put it to there doesn't look right but at least you get to see everything we need to see Ikea dad there are no matching results basically it won't link to channels that don't have any videos on them yet when you've found all the channels I'm going to do something different here so what I'm going to do now is detach the audio so it means that when I turn off my vision I'm going to hit the letter V to turn off my video so we can still hear me talking obviously you want to which wouldn't have happened if I hadn't detached the audio and we'll just go big on the screen recording so if I resize this I want to see the done there center it goes on them yet when you've found all the channels that you want to link to just go down to done so about here I'm going to cut close to the word done yet when you've found all the channels that you want to link to just go down to done quite like that and right here right now is what YouTube thinks you should be watching next that's my stomach let's try again so I've had a little break I've got a cup of hot chicory drink and some chocolate from whoa some chocolate from Cornwall I'm also wearing my Christmas hat because it's so cold here in the happy hut I'm going to go through the whole video again it's five minutes 16 seconds long I'm going to really tighten it up this is where I would put in my name strap I've got this pre-prepared as an animation that I made in Keynotes all I need to do is to hit Q I've got a selection of things that I use in pretty much every video like there's a comment button and then a little subscribe button by the way if you're here at this point thank you so much if you've made it this far please hit the thumbs up button just to let me know someone reached this point I can't believe you're still watching this it's cute as to you and that thumbs up animation along with my subscribe animation hint is all on here as green screens I'll put those ones on the end of the video and it drops about there a channel way too much there hello I'm Neil and I do a lot of experiments here on YouTube let's now go through the rest of the video this is about the time when I start to drop in my little arrows just to help the viewer register what I'm actually talking about I've got the arrow in my evergreen folder hit Q to drop it onto the timeline and then I use transform to position it so I'll rotate it and I made this arrow in keynotes as well which is the mac powerpoint presentation program it's free and it's absolutely fantastic you can export pictures like this so that the background is transparent so now it's time for me to do the final pass and I find this part of the edit the absolute hardest because technically it's the easiest and I'm just so close to having this thing finished and yet I've got to look at my stupid face for yet another possibly an hour I'm going to try and do this as quickly as possible but this is the pass where I put all the final graphics and do any more nips and tucks that need doing and it's also when I add the music bed and the sound effects I hold down the command button when I'm adjusting the audio levels if you do it just by dragging this bar up and down it's really difficult to get the exact number of decibels you want but if you hold down the command key on your mac keyboard you can get it going up and down in increments of one the other thing I do at the beginning is I have a title that drops down and I use keynotes I just copy and paste the last strap put something like how to link your channel try how to link my channel that looks good the last thing that I do that I always always leave to the very last thing is to make a little montage at the beginning of the thing that I'm talking about so let's take a listen to what I'm going to cover but I've just created a few other new YouTube channels and I want to link to those on my channels I want them to appear like this as featured channels and I found it really difficult to find where to link other YouTube channels to my YouTube channel I can see here it's about 15 seconds that I'm looking to cover so what all I do for this is I just scroll through the video and anything that leaps out as being really that looks good kinetic moving pictures I like that big close-up of the word featured channels and I'll paste it right at the beginning just so I can remember where it is now that looks good so I'll grab that and the arrow and I'll use that for when I say the words appear on your channel as featured channels I might take that because that's a nice scroll there so I've just got a bunch of shots and then I'm just going to drag them up here for when I'm talking so drag it up and then I'll cut and I'll paste it over here now this seems like an insane amount of time to be spending on a few seconds at the opening but I just want to stop that drop-off I'm going to keep the audience watching so I really do tend to overinvest a bit of editing time on the first 30 seconds so this is a bit too much I'll make it smaller and then paste it into position YouTube channels and I want to link to those on my channels I can't move these up so I'll move the arrow to one side then I'll move this up to here and then I'll put the arrow back in the right place there I think it is let's play that through YouTube channel but I've just created a few other new YouTube channels and I want to link to those on my channels I want them to appear like this so I'm just going to fill that gap I think I'm going to fill the entire gap and I'll just grab the tick where I check that checkbox that's a bit too much give it a bit more breathing space grab that one put it there and I'll grab this one put it there and then finally the final piece of the puzzle oh that's in the wrong place so I want to put that one there and that one here and I'll make this smaller my opening montage looks like this and I have this YouTube channel but I've just created a few other new YouTube channels and I want to link to those on my channels I want them to appear like this as featured channels and I found it really difficult to find where to link other YouTube channels to my YouTube channel so I'm going to walk you through that sort of works I don't like it because this shot doesn't really do anything so what I might do is just reinstate this clip oh that's perfect so I'll hide that and let's see how this looks and I have this YouTube channel but I've just created a few other new YouTube channels and I want to link to those on my channels I want them to appear like this as featured channels and I found it really difficult to find where to link other YouTube channels to my YouTube channel so I'm going to walk you through great so that works really well right so I want some sound effects to happen here let's have a pop have this YouTube channel but I've just created a few other new YouTube channels what I might do actually let's have a crash I've got an even bigger crash so this is a really over-the-top crash I love that one let's let's do it and then I'll move this pop onto there so the crash goes here I might have to check the sound level because it's going to be really loud and I have this YouTube channel it's a bit too loud take it down to about minus eight let's try and I have this YouTube channel but I've just created a few other new YouTube channels and then I want a clang there so the ship bell I want them to appear like this as featured channels and I found it really difficult to find where and then another pop to my YouTube channel so I'm going I need a couple of clicks I think so let's put in a click here to link other YouTube channels to my YouTube channel so I'm going to walk you through the process I've got a nice shot of my channel page it's a bit less frenetic I'm going to reuse the clips I had here rows of videos for your YouTube channel page I kind of like to think of them as and obviously we don't to see that I've managed to get the channels featured channels so the scroll will end there and I might slow it down a bit and I might crop in a bit as well so we just see the channel let's try that and let's get a couple of sound effects on and have a little pop for it to appear and then you might be aware of this but this is where you can put rows of videos for your YouTube channel page let's try that videos for your YouTube channel page I kind of like to think of them as bookshelves it's not very intuitive but this is how you link a featured channel if we click on that'll do I'm done it's all finished so all I need to do now is export it and upload to YouTube is this helping? is it helping to see how I edit my YouTube videos on Final Cut Pro if you're cutting on iMovie at the moment and thinking whether or not to step up I do it do it if you can afford it it's insanely expensive but I find it a lot easier to manage video files in Final Cut Pro I've just realized I've got to I've now got to edit this one


Five! Thanks for coming to Fairfield. Four! May the road rise up to meet you. Three! May the wind be at your back. Two! Good luck, runners! Two! We're very excited to be teaming up again with Fairfield University. I think we have a common goal and that's to give back to the community. First year for the Lucas Challenge, it's a perfect opportunity for people who want to run the 5K on Saturday and come back and run the half today. It's been overwhelming, the amount of people that are doing it. My parents were a class of 78 and my sister was a class of 09. It took a selfie with Lucas, he pushed me right at the end. Nice to see the cheer station, a lot of familiar faces. I think it was hard, there were a couple hills, but definitely fun. They pumped me up for that last finish because it was a little rough at that point.