The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Now, Tommy O'Brien. Good Friday morning everybody. I'm Tommy O'Brien, coming to you live from TFNN, 9.06 a.m. Eastern time, 24 minutes to go until the opening bell. And boy, some big earnings last night from Amazon, Apple trading higher as well, Intel a little bit lower, Roku getting punished in a big way. Some tough numbers for Roku, man, to say the least. But the market, we trade above 4100 last night, folks, on those Amazon, the Apple numbers, 4111 this morning. We're giving back some of those gains. We get inflation data this morning. You're talking about records as well. But nonetheless, S&Ps up 12 points, 4,085. Quite the month, quite the week as we wrap up, checking out the weekly. All right, interesting action. When you look at the weekly right now, we are right at a 382, folks. I was looking at this last night. We are right at a 382. I'll say it again on the S&Ps from 4,808, the highest to start the year. You dive down to a low in the S&Ps of 36,39. Since then, we have popped above 450 S&P points. And all you've done though, folks, is you're right back to the 382. Also an interesting area that you're right back to the original lows that you had from February, 4,101. We got 10 points above that price level this morning. We're backing off a little bit from that number. But nonetheless, markets holding up relatively well. You get the Nasdaq 100 up 60 points. Dow, excuse me, Dow slipping into the red, negative by 11 points right now. And the Russell basically flat. Bitcoin, back to a short term timeframe, 15 minute chart, quite the week for Bitcoin. You trade from 20,700 on Tuesday to 24,600 early this morning. You've given up 1,000 points from that high overnight. We're trading 23,635. How about that crew contract? 99.58 for the price of crude. And today, folks, this is the last weekend. We're going to have our man, Teddy Kekstead, on one final time Monday morning as your last opportunity. But he'll already have a weekly update. And there it is, $100 crude coming at you, man. Teddy said some great calls recently, folks. I'll give him the plug right now. All right, we'll jump over to TFNN.com. Head on over to the front page of TFNN. Check out the Tiger Forex report. Use the code Teddy25. You save 25% for as long as you subscribe, folks. You subscribe to this letter for 10 years. Teddy's still doing it for 10 years. You've still locked in 25% just because you signed up this month. And it still comes with a 30-day bunny-back guarantee. There's some great information in there. Crude's rocking at $100. We got yields rocking today as well. And we got the markets rocking, man. Teddy was already emailing me this morning. And he's got a good weekend planned, man. Teddy, he's rocking out at Lollapalooza. So we'll have something to talk about on Monday with our man Teddy Kegstad. He'll have a new issue on Monday as well. And please, check it out, folks, because Forex is running a lot of these markets right now. When you combine Forex, you combine the yields, which, of course, are impacted by the Fed, which are impacted by inflation, right? And then you combine in there crude energy. That's the whole kit and caboodle, man. So please, check it out. This is the last weekend. We'll have Teddy on Monday. You'll have that one last chance. But he'll already have a new issue out, folks. You sign up. You can check out the old issues. You'll get the new issue that comes out Monday. And he has updates throughout the week, sometimes when warranted. But yeah, how about it? I was jealous. Chat with our man Teddy Kegstad. He is out rocking it out at Lollapalooza. Gotta love it. I've never been to Lollapalooza myself. But as I told Teddy, concerts, one of my favorite things to do in life, folks, get out there and hit some concerts in a big way. And I'll give you a little tease. He says, what a week in the markets this morning. Morning may be the spike low for the US dollar. Two more numbers this morning to lock in a trend today. That was from Teddy. Earlier this morning, folks, there's your take on it. And how about it? To the tick crude $100 as we come into Friday. All right, let's jump into it. And we'll kick things off with a little inflation data. Record prints, as usual, folks, the personal consumption expenditure, PCE, the Fed's preferred inflationary indicator, the index rose 6.8%. The biggest 12 month move since 1982 when it hit 6.9%. The index rose 1% from May. Okay. Yes. And again, this is June data, folks. Okay, I had to almost go back and say, wait, it's June data, right? And then I, in my own mind, I said, hold on a second. Are you sure of that? Because it's about to be August. Yes, this is June data. Talk about old stale data nonetheless, folks. Okay. The index rose 1% from May. So think about the data we're getting though. And this is why there's so much up in the air right now. There is room, and that's why for the, for all the inflation data coming out right now, right? It's somewhat dated. So it kind of gives everybody a little bit to argue, depending on what your feelings are and what your analysis, your personal take is on things. Because boy, of course, numbers were rising in June versus May. The index rose 1% from May. Folks, it's about to be August. A lot has changed very quickly from May to June to July to now August, okay? Excluding food and energy. Now remember, energy was rocking, okay? To bring in some context of where crude was. There's June 9th, folks, okay? There's the end of June at 1.10. I'm gonna zoom in on the month of June so you can see exactly where crude played for the entire month of June. There's your crude contract for the entire month of June. You were up to 1.24 early in the month. You came down June 22nd to 1.02. You were never below $100 for the entire month of June. Okay? So you take, you take energy out of it. It takes food too, which is not so fair as well, because energy is just so bonkers right now. And that's not fair either, okay? But if you're trying to get a pulse of where inflation is going without the volatility of the crude contract, which is just so volatile right now, if you exclude food and energy, the core number increased 4.8% from a year ago. Again, this is June versus June. Up 1.10 of a percentage point from May, but off of a recent high of 5.3% in February. So you got the core number down to 4.8 from 5.3 in February on a monthly basis. On a monthly basis, though, core was a 0.6% biggest monthly gain since April 2021. Both core readings were 0.1 percentage points above the estimates. Not what you want to see. The only thing I'll say is it's stale data, man. It's almost going to be August. That is data from June going from May. Okay? Monthly data is June versus May. Can't get much staler than that. When you're talking about a data point that is basically the most recent month, right? This is the most recent month data for PCE. Meanwhile, a lot of the statistics I just gave you are comparing June to May and it's about to be August. And we know how quickly things are moving and how quickly things can change. Just look at some of the Fed estimates. Just look at some of the analysis of where they thought the Fed would be at the end of this year versus where they're probably going to be right now, even if they pause things on the rate hikes. So nonetheless, we get that number this morning pretty much in line, nothing too staggering. Okay? We got a number of 6.8. We got a core number of 4.8. We miss to the high side by 0.1% month over month on the core readings and on the yearly, something to keep your eye on to say the least. All right. Let's jump around to some of the equities with the action we have going on this morning. Look at that crude contract, folks. Listen, we got 40 seconds until the break right now. Please go check out the TigerForks report. I know I've been plugging in folks, but Teddy, he does an outstanding job in this newsletter, folks. It's a privilege to have him on a TFNN doing this newsletter, man. So please, check it out. He's had some outstanding calls in this market, man. He was ahead of the crude call, ahead of almost anybody else I heard on Wall Street, folks. He was out there telling you, listen, crude is going higher, man. Maybe we'll get our producers to go back in the TFNN archives, man, and find it because it is long time ago he was talking about crude. Check out the TigerForks report, folks. We got three minutes. You can go sign up now. You'll be signed up by the time we get back. Please go check out Amazon, Apple, Intel, and Roku when we get back. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing it number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN Educating Investors TFNN has launched the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours, the Tiger's Den. Available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our Community of Traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Welcome back, folks. We get the S&P is positive by 12 points right now. We got about 12 minutes to go until the open. NASDAQ 100, you're up about 58 points. You've given up, though, about 150 points from where this thing spiked to last night and jumping around to some of the numbers. Hold on one second as we pull this up, folks. I was trying to get the exact terms of the numbers that we were talking about here. Forgive me for one moment as I jump around. Okay, let's start it off with Amazon. Here we go. Amazon, you talk about coming back from the depths, man. This thing was just trading at almost $100 early this last month, $101.43. You were also down to the price point of $101.26 in May. You're going to open today at pushing basically the area that we had that was the original pullback. Now, what's so interesting here is that this is kind of what the market's doing right now, too. I brought it up in the S&P, all right? Critical, critical areas, folks. $4,100 to $4,200 in this market. We're going to reach some headwinds, man, in this market. I'm not sure if you go short right here. You could definitely trickle up a little bit higher, putting this thing on a daily real quickly, zooming in on the action, right? You start getting up to the lows that we had back in March. Right, back March 15th, whether it was the original low you had February 24th. Okay, that price level is about $4,160. You start coming into that maybe $4,150, about $4,200 is about the 50% retracement line as well. Also correlating to the highs we had in May. Okay, that high, $4,202 within only a couple points. Now, bringing it back to Amazon and zooming in on the action this year, today we're going to open about $135. Right, so check it out. Amazon basically just doing the same thing the market has done in terms of coming back into the areas that had been an area of support. It's going to take some effort. We're also filling the gap that we had from last earnings.  You close the gap overnight. Okay, now what is that gap exactly? $135.78 we're going to open just under $135 for Amazon shares. Some of the numbers for Amazon shares. Now, here's a couple anecdotal tidbits that they came out with. And I'll give you the headline numbers in a moment. One thing I found interesting, they shaved their headcount, okay, by about 100,000 workers. 99,000 workers. They're down to 1.52 million employees as of the end of the second quarter after almost doubling in size during the pandemic. I was saying to friends last night, absolutely remarkable how these companies can hire and fire or just let go or use, you know, you know, third-party deliveries, right? Using different people, but you hire and fireman. So many workers in such a short period of time getting rid of 100,000 workers over a period of 90 days. Meanwhile, they doubled their workforce during the pandemic. Hundreds and hundreds of thousands of workers, but they're working on efficiency. They're working on third-party delivery. AWS, I was joking, AWS for life if you're an Amazon shareholder, folks. Operating income, which excludes the investment-related loss, shrank to 3.3 billion. I got the long guy outside the office this morning. Hopefully you can hear me. Operating income, which excludes investment-related losses. That's important because they have some investment-related losses in Rivian to be specific, okay? Shrank to 3.3 billion from 7.7 billion a year earlier. So to repeat that, operating income, which excludes investment-related, shrank to 3.3 billion, AWS alone generated operating income of 5.7 billion accounting for all the profit and then some of the loss they had in different areas of the business, right? AWS, folks, you know, Amazon is most notable to consumers because of their retail presence. Retail, actually shrinking. I'm gonna see if I can find that. I was reading it last night. Let's see what they talk about in the article I got pulled up here. We'll kick it off with Amazon. Jumps on revenue beat and rosy guidance. Yeah, guidance, the big deal. So check it out. Earnings for a share was a loss of 20 cents. Now, what they do say in here, I think, is that analysts were so all over the place on some of the numbers in terms of profits that it was really hard to actually peg a real estimate on some of these numbers. But nonetheless, revenue, they beat by more than $2 billion. Amazon Web Services, they beat. Advertising was a big highlight for Amazon. Still not quite to the likes of Facebook and Google Alphabet, but advertising a big rising part of their revenue business in one of the bright spots of this quarterly earning. So they expect this is one of the big parts that really the market loved here. Third quarter revenue, okay? Forward-looking statements. The market is all about forward-looking statements as we all know, right? Forward-looking statements. Next quarter, 125 to 130 billion. 13 to 17% growth. Now, the market was looking for 126.4. So they might come in at 126.4. They might come in a little bit under. But the middle of that range is 1.1 billion dollars above where they were looking for on that market. There's where it says they lost 100,000 workers to 1.52 million. Yes, and look at that. 3.9 billion dollar loss on its Rivian investment after shares of the electric vehicle maker plunged 49%. The total loss of that investment this year, $11.5 billion for Rivian. Now, I imagine that they probably had some profits as that Rivian, those Rivian shares went public, right? They've just kind of had to give all that back. Because of the Rivian right down, they had an overall loss of $2 billion in the quarter. But again, 3.9 of that was the Rivian investment, right? They would have made $2 billion outside of that. But guess what? They were making all that money in AWS, man. Now, the e-commerce business for Amazon, if Amazon was just Amazon.com retail, I would not be a shareholder of that, folks. I mean, you could make a case. The multiples would be far, far different. Okay, the company's online store segment declined 4.4% year-over-year. That's it. That's the line. The company's online store segment declined 4% year-over-year. Amazon selling 4% less items on Amazon.com than they did four years ago. Physical store sales continued to rebound. Now, they have, whether it's groceries, whether it's just Amazon stores, they do have a physical presence that is growing, but slowly add revenue as I talked about, climbing 18% in the period. You know, they're working with smaller numbers. So, of course, they should be growing more exponentially, but nonetheless, 18% of the market like that. How about AWS? 33% to 19.74 billion. 33%. I mean, if you're growing a $20 billion business by 33%. Marco's looking for 19.56. They come in at 19.74. And as I mentioned, operating income, all of the 5.7 billion, basically, from AWS, and then they lose some money in other areas of their business. So, strong numbers from Amazon. And they love the fact, probably, that they would have been in a profit if Rivian had just done a little bit better. Not so much the case. Amazon, they're going to open about 14 bucks higher. You're talking about 12% open to the upside for Amazon shares. Now, Apple, Apple had some strong numbers as well. There's your acceleration on their earnings up to 164. You're back to 161 for Apple shares. Pretty interesting that we make it through this week with basically some really strong numbers, man. Now, we're going to jump to a Roku in a heartbeat, man. Roku's got some big problems, man. They had huge misses across the board. Apple beats on revenue in profit, expects growth to accelerate, despite quote-unquote pockets of softness. In terms of an outlook in the aggregate, we expect revenue to accelerate in the September quarter, despite seeing some pockets of softness. Always nice when you see an acceleration of revenue. They beat on earnings. They are down year-over-year. They beat on revenue, though. iPhone revenue. I don't know who's buying all these iPhones still, folks. $40.6 billion versus $38.33. Not bad. Services, a slight miss there. Other product revenue, decent miss. You're talking about $800 million miss and other product revenue. Now, I believe that ties in the watch, right? I believe that ties in the AirPods. Pretty remarkable that segment alone. It's $8 billion. Mac revenue, a miss as well, up to the tune of almost $1.5 billion. iPads are up. Gross margins. What a number, man. 43%. Stay tuned, folks. We'll be coming back for the open. We'll be talking Intel and Roku, some other companies as well. Be right back. In a time of booming inflation, we are purchasing powers eroded. There's no better place to protect your harder and money than in gold. This is the gold's flagship asset, is the Monk Todd Gold Project in the northern territory of Australia. This is Australia's largest undeveloped gold project. 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At TFNN, you'll get advice and guidance from the authority in technical market analysis. And it's not just dry, tedious text, either. TFNN airs live financial content streamed live on tfnn.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves for your money. Watch online at tfnn.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN, Educating Investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Welcome back, folks. We've got markets open and you have the S&P right now holding at about 15 points. NASDAQ 100 holding at about 58 points, both of them in the green, the Dowlap by 30 and the Russell, barely negative by one. Crude, sitting right at about $100, $99.81 pennies. You got the Silver contract right now, right near about $20, oscillating around that area. And we jumped to Notes and Bonds. You got a little bit of a pullback from where we were yesterday. You got the 10-year right now. Negative 6 ticks just off the high we had of about 121 overnight, 121.06, almost right back to that 121.08 area that we were at early yesterday. On the 10-year, the 30-year right now, negative by 10 ticks at 142.27 and we jump over to the VIX. Talk about sucking out some volatility, man. The VIX with a 21 handle. Do you hear that, folks? The VIX. The VIX has a 21 handle. Do you hear that? Did I stutter? You're back to April. It's about to be August. You're back to April, folks. We haven't seen a 21 handle in three plus months. Remarkable. The moves across the board everywhere in this market. Let's check in on the big boys, see how they're trading on the open.  Amazon up $12, trading at $134.49. We jump over to Apple shares up about 2.4% right now. We jump over to the cratering company of the morning, Roku down 23.9%. I'll pull up their numbers in a moment. You talk about a miss on revenue on an outlook basis. Woo-wee! My goodness. And Intel down as well off 10.5% man Intel below the recent lows before you accelerated higher. Jumping back to Roku. So right now, Roku, you're talking about a market cap of about $9 billion. I was just looking at it over the break. $8.8 billion right now for that company. That's still a lot of dollars, man, for a company. As our man Dave White likes to say in the tiger stand, he was in there last night after four o'clock. How do they make money? Well, if they make money some way, they don't actually bring it to the bottom line, though. And some of the numbers. So here's some of the numbers that I had pulled up from Roku. All right. A net loss of $112 million or $0.82 a share. Okay. The big number here, folks, third quarter revenue guidance. This is the one that struck me. $700 million. Okay. They just took in $764 million. Okay. Third quarter net guidance, $700 million. What was the market looking for? $900 million. That's a 30% miss on revenue. Did you hear that? Could you imagine what would happen if a company like Amazon missed by 30% on revenue? Yeah. I had to do a double take when I saw that. Third quarter revenue guidance, $700 million. Significantly. I don't think the word significantly does enough in this sentence to display how big of a miss that is from $898 million. $700 million. You're missing $200 million in 90 days and that $200 million represents 30% of the number you were thinking that you were going to take in. Now, they're talking about a significant slowdown in TV advertising spend due to macroeconomic environment. Of course, a company that misses this big is going to blame the macroeconomic environment, folks. That may be part of it, but everybody's not missing by 30%, okay? I mean, imagine if you have advertisers, right? Google's got advertisers. Facebook has advertisers. They didn't lose 30% of their business. All right. And I've been talking about that there might be some value for Roku here, folks. You could take a flyer. At some point, I imagine there will be some value in a company that has, I think, 63 million set-top boxes. Customers actually going up for them by about one to one-and-a-half million, I think, for the quarter. They're at about 63 million customers. They're making, like, something like $44 per customer. I got to pull it up. I was checking on all the numbers last night. Strong numbers, but they're losing a lot of money, man. I mean, if you're like some growth company startup, I imagine there's got to be some value for this company, folks.  You're at 60-plus million households. You're taking in $700 million per quarter. But I don't know, because it just keeps getting worse and worse. And who was in there in terms of the C-suite in Roku talking about 900 million next quarter, and they're only coming in at 700 million? That is a mammoth miss. You almost think that they should have had to restate a material fact, because that seems like that should have become apparent well before earnings that things were going very amiss recently. Nonetheless, a huge miss. They're in big trouble, and the stock not even stopping, folks. You're at $62 and change right now, down 25.8%. And that is from a price point of $490. Ugh, just staggering some of these companies. Okay, let's jump to Intel. Intel shares lower this morning. Below the recent lows, Intel off 10.7%. Some of the headlines on Intel. You got their CFO saying, we're on the bottom. Well, very, very astute of you, chief financial officer after the company misses earnings and stock sinks. $0.29 a share. They were supposed to make $0.70. How about that revenue miss? Right, what is that? That's a huge miss as well, man. What is that? $2.6 billion? Was that 15%? So Amazon misses on revenue by 15%, but they miss on that number for $18 billion. Roku misses by 30% on a number of 900 million. You could make the case that missing on 15% when you're supposed to take in $18 billion would be a bigger number. But nonetheless, percentage-wise, Roku, I don't even know how they exist right now. Maybe they do need to get bought out. Maybe that's their only path. Maybe they just don't have a path as an individual company to make enough when they're just competing with so much advertising dollars. Intel's revenue declined 22% year-over-year in the quarter that ended July 2. Revenue miss consensus, by there it is, 14%. Largest top-line disappointment since 1999. You can't overstate when companies like this miss by double-digit percentages, folks. It ended the quarter with 454 million net loss compared with net income of $5 billion in a year ago quarter. Gross margin, $36.5 down from $50.4. There's bad numbers all over the place. With respect to guidance, they're looking for 35 cents in adjusted earnings per share on 15 to 16 billion. The market, 86 cents on 18.62 billion. They come in at the bottom range of that, and you're shaving 3.6 billion off. It's literally almost 20% to the tick, folks. 15 to 20% of Amazon revenue just disappeared overnight. I don't think 10% might be a big enough haircut for that stock with that type of a statistic, folks. You don't often see that type of a number. I mean, to put it in context, right? What did Amazon just say? They're looking for 125 to $130 billion in revenue, right? What if they miss by 18 billion? That's 15%. What if they miss by 25 billion? That would be 20%. Yeah, you get the point. Let's jump back to see how those big dogs who trade on Amazon holding up at about 10% on that number and Apple holding up right now up 1.6%. They give it back a little bit, but the market's holding up relatively well right now with the Nasdaq and the positive, S&Ps and the positive. I mean, look at the weekly, folks. We can just hold where we're at.  You jump back to the ES, pretty similar action, right? We had a red bar in there as well, but you're talking about over four weeks trading from a price point. You're up 250 points in the S&P just from four weeks ago, let alone you're now approaching what we say, 450 points off of the technical low we had in early June, as we're sitting right near 4100. But as I talked about, man, keep those spikes up, folks. Keep them up. We're coming into August and we are coming into a critical area in these markets. Number one, you got the S&P. We've just bounced to the 3A2, folks. Right there, almost to the tick. 4085. You're also coming into an area that was the area of support, potentially turning into an area of resistance.  Come right into that low, which also correlates to the 3A2. It's going to be some interesting action going forward. Stay tuned, folks. We've got a couple more segments to go. We'll take a look at what earnings we have next week. Coming up next. TFNN has been your trusted source of analysis for bonds, metals, stocks, commodities, and options for years. And we are happy to announce that we are bringing that same caliber of analysis for the Forex market. Teddy Keckstat has 30-plus years of experience in Forex trading, commodity risk management, Forex hedging, volatility, and so much more. Teddy releases his weekly Tiger Forex report every Monday morning with elite coverage of all major currency pairs, including the DXY, Euro-Dollar, Pound-Dollar, Aussie-Dollar, Dollar-Yen, Dollar-Swiss-Frank, and so much more. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. This program is brought to you by VistaGold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks. We've got the S&Ps right now. Up 27 points, sitting right at $4,100. Market's catching a little bit of a lift from the pullback we had. It was low, it was almost $4,080. We're now sitting at $4,100. NASDAQ 100 catching a little bit of a lift as well. Still about 100 points off of where you were last night as the market's accelerated higher on Amazon and Apple earnings. We jump over to commodities. Crude sitting at about $100. You're up $343 on the session and that gold contract, quite a week for gold, right? Up to $1784. You're back to $1771. If you trade gold, folks, please come on over to the front page, TfNN, check out the Tiger Forex report. Very important to understand the currencies, whether it's the yen, whether it's the dollar, whether it's yields, check it out, please. Gold, really nice acceleration. We have had a little bit of a dollar. Volatility, that's going to play into the price of gold. We'll see where it goes from there. All right, checking in on some of the companies that are coming out next week. So let's check it out. Some of the ones that caught my eye. I believe we get PayPal. Let's kick things off on earnings. Yes, August 2nd. So PayPal, they're out with their numbers on Tuesday. Talk about some volatility recently. Back things up on a three-year weekly. Down from $310 to $67. You're up to $86. Just chopping around on this lower consolidation. The COVID lows, $82. Can you believe that one, right? Well below that price level. So PayPal will be out with their numbers on Tuesday. We also get Starbucks, one of the companies out with their numbers. We jump over. Starbucks coming out with Tuesday numbers as well. And Starbucks, we talk about a pullback. Quite a little bounce here. We make a low $68. You're up to $84. All things considered though. You've got to find a bid here. Let's see what kind of bounce we're getting on a Fibonacci basis on Starbucks numbers. If you're looking for a 3-8-2 on this number for Starbucks, maybe $88. And that's correlating also to the 50% of the entire COVID run you had higher. So about $88 would be the that's an area potentially run into a little bit of resistance. Also an area you chopped around in early in the month, but Starbucks will be out with their numbers on Tuesday along with PayPal. Caterpillar out with their numbers next week. And again, these are just some of the notable ones. Decent week for Caterpillar, man. Check out this chart. Quite a pop from $167 up to $90. But again, I mean, we have some pretty steep pullbacks in this market, folks. Not even at the 3-8-2 yet for Caterpillar. Instinct towards that level, the 3-8-2 for this entire move lower this year for Caterpillar. Only about a couple bucks above where we're at right now. You're trading at $190.47, that 3-8-2 at about $192. And they're coming out with their numbers on Tuesday as well. So look at this, Tuesday is going to be a big day for sure. CVS I believe out with their numbers. Wednesday. So CVS out with their numbers Wednesday. You jump over the chart for CVS, holding up pretty pretty well considering where the market's been. You're trading at about $95.93 for CVS. What do we get? We get advanced micro devices. We'll see how they fare. Excuse me, Intel not faring too well. AMD catching a lift today though up 1.9%. Let's see when they're coming out with their numbers. They'll be Tuesday as well.  Eli Lilly out with their numbers next week, I believe. Thursday they'll be out with their numbers. Amgen out with their numbers next week. Let's jump around. Amgen on Thursday as well. What other companies out there? You got ConocoPhillips out with their numbers. Cigna is going to be out with their numbers. Let's see where Cigna is. I think, is that them? Yeah, Thursday as well for Cigna. Look at that chart. Talk about an acceleration, man. Right near highs of 288 Cigna sitting at 276 right now as we got this market holding up relatively well to say the least. All right, let's see what else I got pulled up here in terms of what we're talking about. We talked about Apple and Amazon, of course. This one's just an interesting one. If you don't expect this to be happening, folks, you're not paying attention. Chinese government asked TikTok for stealth propaganda account. I'm surprised they asked because I don't think that's how it actually works in China, folks. I'm surprised by this whole article in terms of China asked for social account targeting Western audiences. That's not how it's working over there, folks. TikTok senior policy team pushed back on a sensitive request. Good luck to the TikTok senior policy team pushing back on China's request. That's not how it works, right? I can't even say it, tongue in cheek enough in terms of something like that happening. I deleted this app recently off of my phone, folks. I would encourage you to do the same if you don't want Chinese dictators being able to track you. The government entity responsible for public relations attempted to open a stealth account on TikTok targeting Western audiences. Folks, this is the whole reason that TikTok exists is so that China can control this type of stuff. The attempt which met with pushback from TikTok execs highlights the internal tensions with the fast growing social media app owned by Beijing. Beijing based. Do you hear that? They are based in Beijing. Do you think China government asks any company based in Beijing anything? As a famous gentleman once said, they're going to make an on offer, they can't refuse. That's how it would work, folks. That's why the whole article is kind of tongue in cheek to me that they'd say that. In an April 2020 message addressed to TikTok's head of government relations for the UK, Ireland, Netherlands and Israel a colleague flagged a Chinese government entity that's interested in joining TikTok but would not want to be openly seen as a government account as the main purpose is for promoting content that showcase the best side of China. Otherwise saying that is it's going to be propaganda for the government. It's going to play out, folks. I would not trust that app at all. That app is blown up in a big way to say the least. But be very careful because if you don't want China on your data, man, then don't use that. And that's the way it is. I mean, that app is just straight out Chinese government. Now, interesting, you jump to Instagram. So this headline, Instagram rolling back changes after the Kardashian slam the app for being like TikTok. Here's what I will say. All right, let's jump over to Metta. They had some tough numbers out this week as this market just rocks higher, man. You can't hold this market down today, man, except for Metta. You can hold Metta down today. Down 1.7% tough week from Metta Facebook. So they just changed Instagram and I like Instagram, folks. I actually do. I like that it doesn't become as political, right? It's pictures, maybe some fun videos. I enjoy it much more than Facebook to the nth degree. But they just changed the algorithm in the look where basically everything looked like you're in reels to basically mimic TikTok. Okay. And I actually pulled it up one morning and I said to my friends, you guys all seen this huge update on Instagram. I don't really like it. It's all just reels. And one of my friends said, no, I think you're stuck in reels. And there's an option. I said, no, I'm not stuck in reels. They changed the whole app. And what they had done is they rolled it out selectively. So some of my friends still had the old app where it basically had a timeline feature on Instagram where you were rolling through posts. And the other app that I was using somehow you were selected, right? Some of my friends had the new option. Some had the old option. And the new option was just like reels or TikTok where everything was a video. It was full screen. And I was just not a fan of it, right? But people don't like change at all. And I'm sure they do tremendous amount of testing on this. That's why they're doing selective accounts, right? They're probably seeing how many hours a day are you using it for the new setup? How many hours are you using it for the old setup? How are you commenting? Are you liking? All of that stuff. Maybe there's an update. So it ended up happening, Mike, is that it just I woke up one morning and they had updated it. They had just changed the whole deal. And it was a selective update that some of the friends had it. They were looking out afterwards and looking at it. It was a purposeful, selective rollout that they were doing. And they're catching some plaque for it. And I guess they're thinking about rolling it back. We'll still push algorithmically recommended videos and is trying to improve the technology. I mean, this one's a tough one, man. You just can't make up a new product and compete with them. Instagram is not the same as TikTok, folks. Facebook is not the same at all. But Instagram chief Go back. It's recently released version of Instagram that predominantly featured algorithmically recommended videos to users on their home screen. So normally you would just view your friends' videos. Right? But the way TikTok works is that they push random videos to you. So that's what Instagram was trying to do. Folks, I'm not on TikTok. I'm on Instagram. It's a big mess. In Facebook's chart, it says it, man. Not a fan of the new IG layout. We'll be back for the end of the show, folks. We'll be back for the end of the show. Visit the front page of TFNN.com You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the Opening Call newsletter at TFNN.com. The Opening Call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the Opening Call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and we'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci Network for more information on the Fibonacci Network and the Fibonacci Network. 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. Check out these profits. We'll start with the headline number. Exxon and Chevron score record profits as energy markets convulse, lifts buybacks 50% for Chevron beating all-profit forecasts. Exxon holds firm on share repurchases after blowout quarter. You talk about money, man. My goodness. Exxon and Chevron made $30 billion in combined earnings in 90-day strokes. And if you think that's normal, check out the chart going back to 2012. Chevron's in the blue. Exxon is in the black.  Pretty extraordinary. For 90 days, you have Exxon making $18 billion and you have Chevron making $12 billion. This goes beyond just gas pumps, okay? They got natural gas in here as well. But it's across the board, man. Exxon's second quarter adjusted earnings, 414 to share, beating estimates, net income, $18.9 billion surpassing the previous record set in 2008. Chevron, net income, 11.6, also exceeding the previous record set in 2008 by almost 50%. Woo! Amazing. The scale of big oil's earnings, even a surprise for even the analysts that expected some big things, man. Pretty remarkable numbers to say the least. Folks, please check out the Tiger Forex report. Our man, Teddy Keckstatt. We're going to talk to him one last time on Monday and we'll talk to him every Wednesday as well. But this is your last shot to save 25%. Check it out. And also, Steve Rhodes had an outstanding report he put out last Friday. He was talking about the market trade in higher, folks. Kudos to Steve with a great call as well. You can check out this free report right for free. No string attached, nothing to sign up for. You don't have to sign up for mastering probability. You click right on that link on the front page. There's his special report. And kudos to Steve, man. He had a heck of a call. And boy, this week we're off to the races so far, folks. And of course, check out the Tiger stand on the front page to TFNN as well. We got our man Basil Chapman coming up next, folks. He may be doing double duty. Our man Larry, a little under the weather. We hope to get him back soon. He's doing OK. But Basil, coming up next, might be doing some double duty and the opening call. Stay tuned, folks. Thank you so much for starting your trading day off with me. Our man Basil, he's coming up next. Have a great Friday. Have a great weekend, everybody.


Dear students, now we will continue building on our concepts in fold recognition. As you know fold recognition is also known as threading and it is a very important tool to predict protein structures. So this tool or technique is employed in case homology modeling which is the primary tool for predicting the protein structures does not work properly. So what happens in that case? We move towards the twilight zone where we have a low identity and a low alignment. So here let's work on an example to find the best fold for a sequence. So the best way to find that is to mount the residue sequence that is the primary sequence of a protein onto a known protein structure. So this known protein structure is coming from a structure database or fold database. One of such databases is called SCOP which means structural classification of proteins. So let's say if you find this structure in the SCOP database then what you do is you put your sequence along the backbone of this structure and you see how it matches with the fold from the database. So as you can see in this case this portion matches really nicely with the fold but this portion does not match with the fold. So such a situation can vary if you keep changing the fold. That is if you have if you keep bringing different fold structures then you can find different alignments between your sequence and your fold. Now once you have performed all such alignments you will find that fold from the database which matches your sequence perfectly. So in this case the circles they are the amino acids this is your fold structure. So you have mounted the amino acid sequences onto the fold structure. This is the fold from SCOP. Now you can do this for multiple structures of course, multiple folds of course and you can find that fold which best matches your sequence. So simply the process of threading is mounting of an amino acid sequence onto the backbone of a template fold. So the structures are folds. Next on each step we drag the sequence for instance MQVK LFTY. So if this is your fold then in the first step we will have MQVK LFTY and Y. In the second step M will move to the position of Q, Q will move to the position of V, V will move to the position of K and so on. So you will end up with MQVKL and so on. So M has moved from the first position in the fold to the second position. We keep shifting the sequence until we find the best match for the sequence in the fold. Next then for each comparison we compute the score. So the score or the fitness of the matching will determine at the end how good is the match. Typically Z score is used for this. So let's take an example. So this is a fold from the fold library. This is the amino acid sequence that you are going to fold onto the structure and you have a scoring function which is usually a Z score. Then you input these three things into your threading software and the output is a structure that is like this. So in this we have the fold that is here and some loops that are joining the different regions within this fold. So this is the overview the input and the output. In conclusion we pass the sequence over the various folds during threading and find out which sequence best matches the fold and we create a combination of those folds to create the tertiary structure and the best match is computed using a scoring function which is typically the Z score.


Hello everyone and welcome to Blackstar Potential. My name is Lee Fuge and I'm here today with musicteacher.com and in this video we're going to be talking about cab choices inside the St. James plugin and working out which is the right cab for which situation. Now if you've got access to the St. James plugin you'll already know that inside cab rig there's a bunch of different options. So this is actually configured as a stereo cabinet setup but what I've done for today is I've muted one side so we're only actually going to talk about one speaker. These as default come pan left and right but I've center panned just this speaker here so we're only going to be talking about the left side today. You can use this information to mix and match cabinets to get your own sound but we're going to talk about which applications are best for which cabinet type. So we're going to go through the list and we're going to talk about the cabinet in grouping. So we've got one by 12 cabs, we have two by 12 cabs and we have four by 12 cabs. Now there are different uses for each of these types and it all comes down to what type of tone you're chasing or trying to record or what style of music you're looking to play. So we're going to start at the top with one by 12 cabs. So one by 12 cab is a much smaller sound than a bigger cab. So as the general rule the bigger the cab, the bigger the sound, the more it accentuates certain frequencies. A smaller cab such as a one by 12 it's going to have a real focused mid range and very prominent highs but not a lot of low end. So this is great if you're recording clean guitar or you want something to just really cut through and you want a really cutting guitar sound with lots of presence. If you've ever played a combo amp you're probably fairly familiar with the sound of a one by 12 cabinet because most combo amps are built into one by 12 cabinets so that's what we're going to use here. So there's a couple of different ones in the St James software. There's the HT Club, the Artist 15, the St James and also the Artisan. Now you can see there's a slight different description for each one of those which means they're all going to have a slightly different tone. The HT Club is a great one if you want a really punchy sound. The Artist 15 is a little bit more open sounding. That's really good for cleans. The St James is a really good all rounder. If you've played a St James amp you'll know how good those speakers sound in real life. And the Artisan is a really warm sounding one by 12. So if we just compare the sounds of some of these cleans. So I'm going to start on the HT Club 40. This is how it sounds clean. So there's a lot of presence here. It's a very bright sound, great for chimey cleans. If I go to the Artisan 30, you know for instance which is this cabinet. There's a very different mid range there. This is actually a little warmer sounding, not as pokey in the top end. The St James one by 12 is going to have a really good all round sound. So you can hear that one actually shaves off a little bit more low end than some of the other ones. The same is true if we go to an overdriven sound. So let's go with the EL34 St James on the overdrive channel. Here's how the St James cab sounds. It's got that very typical small boutique amp sound. I'm going to quickly jump back to the Artisan one by 12. Now what you do get with different one by 12 cabinets is because there's only a single speaker, you're actually pushing that one speaker much harder, which means you get a little bit less speaker efficiency out of it, which means you actually get to that edge of breakup and beyond much sooner. So the Artisan 15 one by 12 cabinet is going to break up much lower than something like the St James which is perhaps voiced a little bit louder, especially if you then look at the Artisan 4 by 12. The one by 12 is going to break up much sooner than the 4 by 12. The HT club one by 12 again, like I said, is a very punchy sound. And the only one we haven't looked at is the Artist 15, which is this one. Now even just in those four one by 12s, there's a huge tonal variation. The Artist and the Artisan ones have a little bit more of that kind of mid-pushed sound, so a little bit more British voiced. The St James and the HT club are a little bit more scooped sounding. So like the St James, for instance, doesn't have as much mid-range as the Artist 15 cab. That's more of a real kind of twangy American sound than if I just go back to the Artist 15. This is much more prominent in the mid-range. So it's actually quite a bigger sound. Now where one by 12s do fall a little bit short is when we start playing with higher gain. So they can do it, but this is not really where they're at their most happy. Now that's a great guitar tone, but what that lacks is the depth and body of a bigger speaker cabinet. Same for the HT club 40, it's great with higher gain but it's very pokey. Now let's take a quick look at the St James one by 12. Again, great sounds. That would be a really good high gain sound if you put that in a mix. It doesn't have enough low end sound for you to use that as a high gain tone on its own, but you could use that paired with other things, the Artist 15 one by 12. That's a much bigger sounding cabinet straight away. Now the next thing is a two by 12. So the advantage to a two by 12 in the real world is that it's louder than one by 12, but easier to transport than a four by 12. And it also has a bit more mid-range push than a one by 12, but a little bit more low end. So if you don't want the huge sound of a four by 12, but you want a bit more low end punch, the two by 12 is the way to go. Now in the St James plugin, we have the Artisan 32 by 12 and the St James 2 by 12. Now both of these are going to give very different sounds. The St James again is going to be slightly more American, more of the pronounced high end, less mids. The Artisan is going to have more of that mid pushed British vibe. So let's start with the St James and I'm going to go back to the clean tone. This is how the two by 12 sounds. Now a two by 12 is a very balanced cabinet. It doesn't have too much or too little of anything. The two by 12 is actually my favorite cabinet size for gigging especially. I just love the sound of a two by 12 personally. The Artisan 2 by 12 is going to have a much warmer sound. Now you can hear from those two by 12s that they've got a lot more low end. There's much more depth and warmth in the lower end. If I go over to a crunchy tone and I do the same thing, we're going to have similar sort of boutique crunches as we did with the one by 12s but there's going to be again that additional body and mid focus to them. So that's a really nice sound. I like the sound of an overdriven two by 12. The Artisan 30 has got a great mid push to it. The St James 2 by 12 is going to be brighter and more open sounding, very chimey. Now we're going to compare the high gain sounds. So again a two by 12 is better for high gain than a one by 12. So if you are looking to play high gain styles of music, you're probably going to want to start with a two by 12 as your first kind of point of call. So here's how the St James 2 by 12 handles high gain. So that is a much better starting point for high gain styles of music because again we have that mid focus but we have that low end that the one by 12 is missing. The Artisan 32 by 12 also handles high gain quite well but with a bit more mid warm. So the Artisan 30 feels a little bit more boutique with the high gains but it still works great. Now what you could do is when you actually use both sides of cabaret you can blend these together to get some interesting results as well. And now finally we're going to look at the four by 12s. Now a four by 12 is where you would go when you want a big bold sound. The four by 12 has more of everything. So more volume for a gigging musician. This is especially useful. More projection so when you're recording you probably can get away with putting the mic a little bit further away. Capture a bigger sound. More lows, more mids but not as many highs because the lows of a four by 12 kind of overtake some of the higher frequencies.  And this is where it works especially well with high gain styles. Now we've got three different cabs to choose from here. We've got the studio one four by 12 angled. We have the artisan four by 12 angled and the series one pro straight cabinet, the base cab. There's a long standing debate between guitar players as to the difference between angled and straight cabinets. Many guitar players prefer straight cabinets for recording because straight cabinets have a little bit more low end to them, a bit more push in that region. So they're great for recording high gain styles of music. Angled cabs are perfect for gigging because of the angled speakers. You get a little bit of a wider spread and a bit more mid-range projection. So there will be some slight tonal differences between the series one angled and the series one straight as well. So I'm going to start with the angled and I'm going to start clean. So four by 12 like I said is going to be a bigger sound. The highs aren't going to be as sparkly. There's going to be a much more focused rounded sound from this. Then when we go to the artisan four by 12 again that's going to completely shift the sound into the artisan vibe. And finally the four by 12 straight cab and this is where you can hear the difference between the angled and the straight.  If you want a really sparkly clean sound like I said the one by 12s or the two by 12s are where you're going to be a little bit happier. Now where a four by 12 really comes alive so we start putting some crunch into this. So I'm going to go back to the angled cab now and go on to the crunch voicing. Now you can hear that's much bigger sounding. Now let's go to the artisan four by 12 and finally the straight cab. Four by 12 is really coming alive when you put some overdrive into them. You can really hear that low end bloom. Now I'm going to go back to the angled four by 12 and go to a higher gain sound. Now that really to me is the epitome of where four by 12 works great for recording is higher gain stuff. That's a real focused sound great for capturing those low end chunky notes. Now I'm only in standard tuning as well so if you're drop tuned this is really going to work well. Now the artisan four by 12 works great for high gain because it's got such a focused mid-range. This would be a great high gain recording cabinet. That's a great sound for high gain recording and then we have the four by 12 straight cab. So there are some differences between the three main cabinet types and why and how you would choose each one for your own purposes. Now in summary one by 12 cabinets have less lows, bit more mid-range and more top end. Great for focused tones so if you want something that's really going to cut through a mix one by 12 is fantastic. Also great for sparkly cleans. The four by 12 and the other extreme end of the spectrum has more lows and a bit more of that low mid. Great for high gain and rock sounds. Works great for cleans but the cleans are a lot warmer and then right up the middle you've got two by 12 which are the most balanced of the two. They've got a real good even spectrum from low to high so they're a bit of an all-rounder cab. If you can only pick one cab for a purpose then I would go with the two by 12 but you can hear from this video each of the cab types has their own application and their own use. Let me know down below in the comments what your favorite cab type is and why you chose that cab and if there's anything else you'd like to see us do with the St. James plug-in let us know as well down below in the comments. Don't forget to check out Blackstar Amplification on YouTube for more videos just like this and if you're looking for a guitar teacher in your local area head over to musicteacher.com check out their network of great teachers all around the UK waiting to help you guys out. Thank you so much for watching as always I'll see you very soon.