The following is a presentation of TFNN The morning market kickoff With your host Tommy O'Brien Good Friday morning everybody. I'm Tommy O'Brien coming alive from TFNN It's jobs Friday how about three hundred and three thousand jobs added for the month of March You get revisions to the upside net revisions in prior months of about twenty two thousand jobs That was ahead of every single economist in Bloomberg man forty seventy four Bloomberg economists at Bloomberg that number eclipses all of it. We get a hot number the market They like a resilient economy right now even as we have higher yields Even as the possibility of a cut potentially gets pushed back even further into the future And nonetheless, we take a look at the markets this morning quite a sell-off yesterday You drop down more than a hundred points from where we were in the afternoon You were trading at fifty three ten we accelerate to a fifty one hundred handle in the after hours of last night This morning we zoom in on the volatility on that number You catch a spike up to fifty two twenty five But just like that we give up that spike you see the volatility at eight thirty you made it down to a fifty one hundred handle yet Again, you have the S&P's right now Positive by twelve points, but keep in mind you're positive by twelve points But as I just mentioned quite the sell-off yesterday of about a hundred points in the S&P's even higher than that level Nasdaq 100 you're up by about six tenths percent right now 18,000 140 you get the Dow up by 43 points. That's about one tenth percent in the positive We got a thirty eight thousand handle in the futures thirty eight thousand nine fifty seven and the Russell Watch out for those small caps man the Russell all the other indices in the green the Russell not so much man Russell down by twelve you're below the lows of yesterday's session You're off by about six tenths percent in the Russell trading at 2062 we jump around to everything this morning Bitcoin down about $1,800 at $67,000 on the mark. How about crude man? Quite the run yesterday up to an 87 handle this morning We're just under that price level crude is up 29 pennies right now training at 86 89 You jump over to gold in light of what's happening with the dollar index right now gold holding up relatively well Folks the last weekend for the gold report sale going on if you haven't checked it out right on the front page of TF And then we'll talk about it later in the program You can save 35% off the monthly price 22 years of the gold report going back to 2002 remarkable gold as I mentioned flat right now in the session at 2307 and yeah when we get into yields in terms of what's happening with you So what do you have you have higher yields? You just got a drop of 20 ticks in the tenure right now That is correlating to a yield right now of 4.4% we're sitting almost at 4.3 coming into that number We're sitting at 4.4 right now as our man Basel Chapman says the day is young man We got 20 minutes to go until the opening bell the market a lot of data To break down what is going on in terms of Where supply is going to equal demand when we finally get the opening bell How about the third year down a full point and 10 ticks at 1 1704 I mentioned the dollar index when you have your higher yield. What's that going to do? Look at this dollar chart folks and look at what gold is doing. Okay, and you know, there's a reasonable Nature to say that man gold's been on quite a run Maybe I'm a little late to the party and of course we don't know what the future is going to hold Okay, but look at this gold strength. Excuse me. Look at this dollar strength You have going on this morning. The dollar is up almost 50 pennies from 104 20 to almost 104 70 You have dollar strength on the heels of higher yield. You see it on a daily basis and look at gold Just gold hanging at these highs man. Okay Many times you would see if you see higher yield spiking If you see dollar strength, right? What happens you see gold getting punished and that is just not the case this morning Remarkable how well gold continues to hold up. We got a 2,300 handle on gold and you see the volatility We just had yield spiked dramatically and basically you have gold off only about three or four dollars from where it was trading at 8 a.m This morning coming into that number. Yeah a little bit of volatility to the downside on that first 830 bar These are 530 bars, but boy that is remarkably strong in the face of a strengthening dollar We jump over to the volatility index quite a spike yesterday We almost got a 17 handle and we got the Vicks sitting at 16 39 all things considered volatility premium going up In this market after a sell-off of about a hundred points yesterday in the S&P's and what is remarkable, right? Check out this chart. Check out that line that we got where the Vicks pops from you put it back on a daily We had talked about this line for some time and Accelerates below that line on the Fed meeting of March 20th. But boy, it's holding. Well, you spike on that high You spike to a 16 number almost to a 17. We're sitting at 16 42 pretty important area in terms of how this market handles Higher yields coming at you right now on the heels of a very strong jobs number to put it lightly And we'll jump back to those yields all important Where are we sitting? We're almost right where we were Almost about six weeks ago February 23rd We were at a price point in the 10 year as low as 109.09 February 22nd 109 10. We're only about five or six ticks away from that You see the bar that we got going on right now. It's almost a full point. You were up to one 10.06 at one point We're sitting right now at 109 16 with the 10 year yield sitting at four point four percent. There's your number four point four percent All right, you get into the numbers in the jobs. Let's do the headline number the headline number 303,000 come on. We got a lot of screens up here today my computer catching up There it is 303,000 jobs added unemployment rates slipping to three point eight percent now The unemployment rate was expected to commit at three point eight percent the expectation for the jobs number was about 200,000 some numbers 207 214 Something like that non farm payrolls I mean, how do you make the case the cuts got to come soon when you continually have this market delivering with jobs That beat all expectations pretty remarkable to say the least Average hourly earnings also a number that the market was watching closely Rise point three percent from the previous month that was right in line That put them up four point one percent from a year earlier marking the smallest on the year gain since June of 2021 both those numbers pretty much in line so wages pretty much in line But the jobs just keep coming man and chairman Powell has talked about that they are watching that headline number for jobs Okay, wages are an important component right now But they are watching that number for jobs because any sign of weakness would indicate the need to potentially begin cutting Maybe quicker that they anticipate that's a number. They've been watching and what happens. Yeah We're stuck right now where jobs just keep crushing the market in terms of beating expectations across the board If you didn't have the recency bias folks I've talked about this before and I think it's something you want to keep in mind If we all didn't have the recency bias that somehow we have to dramatically cut rates well below where we are a five and a quarter percent If we didn't have this environment that for 15 years practically even longer Maybe we've been sitting in an environment of very low interest rates. Okay, that somehow we're accustomed It doesn't make sense think about it folks Okay, it didn't used to be the case that you go out you buy a car for five six year alone And they're giving you that loan for free that did not that's not how the economy usually works. Okay? You usually now I know they're factoring in some of that cost Okay, but hear those words because when you think about it times are changing the growth rate of this economy right now Is probably well above where it was prior. We're still dealing with inflation. We Definitely have full employment in terms of how the Fed looks at full employment right now with an unemployment rate sitting at 3.8% and we're still dealing with inflation. So with that in mind, man We we got some time for cuts right now. I think we got higher yields coming at you We got a lot to talk about folks on Friday jobs. We write back. Don't go away If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Technicals sign up for rocket equities and options report today with a 30-day money-back guarantee So you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com Tfnn educating investors in the world of trading only a few names stand out like Larry Pesavento a Pros-pro with over 50 years of experience Larry has seen it all a former Chicago Mercantile Exchange member Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise introducing Fibonacci 24-7 Larry Pesavento's daily trading service that turns the complexity of markets into opportunities published every Sunday Receive a comprehensive report packed with detailed commentary charts and videos that illuminate the patterns shaping the markets with Updates throughout the week Exclusively for subscribers whether through charts or videos Larry's analysis is your roadmap to navigating the markets You can sign up now at tfnn.com for just $97 and with all tfnn newsletters backed by a 30-day money-back guarantee You have nothing to risk for all the details visit tfnn.com You'll find Fibonacci 24-7 right under the newsletters tab 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 Tigris' 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 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 it is 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 This portion of the morning market kickoff is brought to you by directions daily leveraged and inverse ETFs Whether you're a bull or a bear you choose the direction visit direction Com investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and Actively monitor their portfolio. They are not designed to track the underlying index or security for more than a day Before investing carefully consider a funds investment objective risk charges and expenses contained in the prospectus available at direction.com read carefully distributor four-side fund services LLC folks we got the market holding on to gains s&p's up about 10 points right now trading at 5206 it is important to take the context of this run that we've had folks from 41 20 As recently as October of last year It's barely April and that reading is from late October and we're only in early April So you're really talking about a five-month run where the s&p's accelerated from 4100 up to 53 33 50 We're just off that level if you get a reasonable pullback, all right I'm just bringing some context to the situation here even a 3a 2 Which is sometimes considered a healthy pullback in a positive bullish market You're talking about a move of potentially 350 points to 4864 And that would bring you kind of to the area where you chopped around for a bit from late December to where this thing really started Accelerating again when you broke out towards the middle of January not saying that's what it's gonna happen man And this economy it doesn't even matter right now They used to be good news was bad news right and it's a tough one for yields But good news in terms of the market beating every single economist at Bloomberg in terms of what they were looking for for jobs added No, it's not necessarily bad news because the market now feels like you know what we might be able to handle higher yields Because that's the case and that's where we are and you got the s&p's positive Even as we continue to push back the conversation of cuts in this market. It seems like okay The market is getting used to the idea that rates are not going back to where we were at some point And that's an interesting one if you really adopt a different nature in terms of what the market's willing to accept When you talk about lower yields on a longer term basis and we're now looking at no, that's not gonna be the case man We're gonna get some cuts eventually, okay I don't think the feds gonna sit at five and a half percent in terms of where they feel our star the natural growth rate in the Economy as it's not five and a quarter to five and a half percent. That'd be pretty gangbusters if it was even in this economy It's not quite at that level. So they'll be coming But we're still dealing with inflation. There is no pressure right now to cut Feds got two mandates full employment and Price stability the conversation is still persisting about price stability And I don't think anybody is wondering whether this economy has full employment right now Not on these type of numbers unemployment rate 3.8 percent. We're adding 300,000 jobs in March That does not scream that the Fed needs the lower interest rates to spur economic growth Okay, and that's the reason why you do it the Fed cuts interest rates to spur economic growth right to provide More capital to growth versus less capital right a looser economic policy Allowsing allowing capital to flow more freely versus a tighter economic policy to cause That capital to tighten up the cost of capital is what allows it to either be faster or slower Why would they need to? Allow for a faster growth rate of capital and the economy right now with everything going on pretty remarkable All right, I'm gonna jump to first we're gonna jump to the yield curve a little bit Let's jump to this one just to see what we have going down the line up and down the line on yield curve You got the two-year jumping seven basis points How about four point seven one percent on the two-year right now, you know I used to talk about the five-year ladder right now folks. We got a five-year ladder You know if you've been in this market and you've had the run from 4100 up to 5300 if you're living off You know fixed income if you're in a retirement scenario where it's just not worth it If we get a pullback of 10 to 20 in this market, okay Sometimes it's just not worth it folks. Okay, and I know i'm shifting from a trader mentality But boy we have some remarkable yields right now And you're looking at a five-year ladder where you can lock in about 4.65 percent right now on a five-year ladder You're looking at a two-year yield of just above 4.7 percent that two year is up seven basis points The tenure up a similar seven basis points right now remarkable across the board All right now jumping to some of the comments that we have for the fed, okay ira jersey he is For bloomberg, what's his uh chief us interest rates strategist hear from him a lot on bloomberg love bloomberg They got some great takes uh, it'll be different. I agree with this take It'll be difficult for the fed to make the case to cut rates if they are truly data dependent We'll look at 4.5 percent as the next important technical level for the 10-year treasury yield We're sitting at about 4.4 percent right now We came into this data point at about 4.3. We'll see where the day goes It is a young day as we like to say Some of the other data points in there that could be indicative of something going on. Okay It's worth noting the bls This is the bureau of labor statistics unemployment rate for black americans increasing a march to 6.4 from 5.6 So are there some pockets of weakness in there in terms of where? Uh, maybe there is a little bit of lag and that the economy is weakening in certain sectors of the economy In certain sectors of jobs as you have an uptick for black americans 6.4 percent from 5.6 That is quite a rise even with the headline number sitting at 3.8 percent Just talked about you got the two-year jumping dramatically. Okay, the short end of the curve is really going to be impacted right now When you continually have cuts being pushed back in this economy The number of people not in the labor force who want a job little unchanged 5.4 million Is that number now we get consumer price index out tuesday? That's going to be important one folks. Okay As they stated here that clearly the market's not willing to really throw in the towel until we see that cpi Still the jobs data only accentuates the pain for investors who piled into the belly of the curve At much lower yields this year remember we're talking about six or seven cuts If you were buying fixed income at six or seven cuts folks You talk about some volatility to put it lightly Now this is what I talked about three hundred and three thousand is the headline number I mean come on economists not nobody was going for a little bit of a tail risk to the upside Every single forecast in bloomberg survey of 74 economists That's why economists take a little bit of heat sometimes man Every single one of them didn't eclipse where we were pretty remarkable and you have to factor in The previous two months figures were revised up by accumulative 22 000 So not only do we beat by about a hundred thousand jobs in march But the revisions add a number of 22 000 as well And one more thing I wanted to talk about is Leisure and hospitality. How about it folks the 49 000 jobs added to leisure and hospitality mean that sector is now finally back to its pre-pandemic february 2020 level Remarkable when you think about what happened in that part of the economy right the destruction that occurred in many leisure and hospitality jobs They were late to the party coming back and they have eclipsed where we were in february of 2022 So that's a remarkable story persisting as well. We're back to the market You're sitting at 52 11. We got less than four minutes until the opening bell. You got crude rising yet again We're up to near the pre-market session highs 87 dollars.  How about gold? Okay, gold could be the story right now. It is the story folks Look at how well gold is holding up and then I jump to the dollar index Okay, you have dollar strength and even gold priced in dollars. I mean steve rhodes always talks about gold priced in many different con currencies Yeah, gold is probably through the roof in many different currencies when even priced in a strong dollar You are still priced over 2300. I'm going to keep talking about it because this is the last weekend folks head on over to the front page of tfnn Sign up for the gold report add that code 22 years lock in 35 as long as you remain a subscriber And ends this weekend. We'll be right back for the opening bell Are you ready to take charge of your financial future? Tfnn is your gateway to the world of trading and investing Whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques It's time to protect and grow your money with insight you can trust Join us live monday through friday during market hours for exclusive content that moves with the markets at tfnn We bring the trading floor to you our season hosts are here to answer your calls and questions live on the air Check out the tiger's den for just one dollar and follow us on youtube and become part of our vibrant community And remember at tfnn we're so confident in the value We provide that we are for a 30-day money back guarantee on all new premium newsletter subscriptions and services You have absolutely nothing to risk So why wait tune in live to tiger tv and transform your trading journey because when you know better you invest better Join us and experience the difference today tfnn educating investors If you spend any time online researching trading techniques on how to begin your trading journey You've no doubt come across many folks who push forex trading as a way to make big money quickly Unfortunately, there are equally as many stories of these so-called forex professionals Just looking to make a quick buck off inspiring traders without actually teaching the ins and outs of the forex market This is what sets teddy kek stacks the tiger forex report off the rift raft Every monday former chicago mercantile exchange member and author teddy kek stat releases his tiger forex report newsletter Where he dives into the complex world of forex and takes time to actually teach you his methods That have made him so successful in the fast-paced and rewarding world of forex trading Furthermore, all subscribers receive access to archive live streams of teddies where he provides university level education To help you in forex trading all first time subscribers receive a 30-day money back guarantee So what are you waiting for forex awaits? The stock market is a delicate interconnecting web of commodities equities and trader psychology When one string of the web is pulled it has a ripple effect across the broader market This is where opportunity lies But how are you to gather all of this information into one cohesive model when you're already spending your energy looking for any possible trade opportunities Luckily you don't have to worry about that As tom o'brien has brought all important market news to you in one single newsletter market insights Market insights provides a daily overview of what's happening in the indexes bonds gold and more Follow along with tom daily as he analyzes the components that affect the overall movement of the stock market Giving insight into how each one plays either a bullish or bearish role Tom also analyzes specific equities that he believes has the potential to make huge returns and his track record proves his analysis right All first time subscribers receive a 30-day money back guarantee. So what are you waiting for?  We got markets open s and p's up about 12 points We're gonna see how this market reacts man As we always see the first move is not always the move that sticks on an important economic data point like this What is the move that we've had so far? Well the move we have and it's a real move folks We got higher yields. All right. We'll jump to the 10 year right now the 10 year a little bit of a recoil Okay, we're still negative by 16 ticks, but you were as low as about 109 16. We're sitting at 109 20 That's the 10 year you jump over to the two year. You see the slide. We were sitting at about 10205 We're at 10201 right now for the two year you jump over the dollar index anytime that you're getting A higher yield that's going to be strength into the dollar index the dollar sitting at 104 63 right now We check in on the dollar yen anytime you have dollar strength, right? The officials in japan They're not enjoying their afternoon nighttime coffee because it's what time is it in japan right now? Probably what seven eight nine o'clock at night. I think in japan right now Uh, yes yen weakness That's going to correlate to dollar strength. You have the yen right now back up to the 151 70 area You were all the way down at 150 80 as of last night continued continued dollar strength and yen weakness in this market and you jump over to the gold contract All right, and as i've been mentioning even in the face of all that dollar strength You have gold holding up holding up relatively well And that's putting it lightly folks holding up very well at 23 12 for gold We jump over to silver right now silver sitting at 26 82 we check in on crude As you got crude right at about 87 dollars and we get the markets accelerating to higher price points pretty remarkable s&p's Sitting at 52 14. All right, let's jump around to some of the equities We'll kick it off with the biggest equity in the world microsoft shares There's a little volatility for you yesterday from 428 down to 417 Microsoft barely positive by about three tenths percent this morning. You jump over to apple shares. They've been struggling They're positive by three tenths percent. We jump over to amazon shares There's a lift for you up by 1.2 percent meta had quite a day yesterday Even though they give give up some of it meta up another two percent so far this morning google shares Barely positive google up about one tenth percent navidia the ai poster boy catches a bit up by 1.56 percent Just thinking of our man mic from summerville and his buddy eric out there Talking about potentially short navidia. That was quite a slide for navidia shares yesterday 50 dollars from the upside to the downside for navidia Extreme volatility in this equity and that's putting it lightly navidia though catching a bit up by 1.6 percent This morning for navidia shares and we got to talk about tesla Be careful in tesla folks. Okay, you got green across the board right now And you have tesla down 1.1 percent at 169 16 Seems like a perfect storm hitting tesla shares across the board on a longer term basis And yeah if you get a multiple compression like i was talking about yesterday We've seen it happen before on some of these equities right you've seen it happen on meta They've rebounded you've seen it happen on some of the growth equities in particular You start getting multiple compressions and you have a yield that is trading with a yield that is higher for longer Growth stocks, especially growth stocks that aren't growing where the market thought they were growing be careful for tesla shares folks Okay, and this is not some big anti elan story. All right. I think elan catches way too much hate for what he deserves Okay, even across the board on twitter, man. That's a private company. Everybody gives him all this grief You want to buy a private company do whatever you want with it, man? That's the deal when you're in a public company It's a completely different deal. Okay, that's why some of the things that he's done with tesla in terms of putting out messaging That's basically an outright lie across the board sometimes as a public company when you go to public markets to take investor money There are regulations that you need to follow. That's not the case with a private company Okay, so there's all this distorted nature in terms of how those two stories play out But there is a real problem going on with tesla right now Even at a price point of 169 when you look at where the ev market is When you look at where tesla is and you look at the saga going on with his pay packages With the stocks that he has Margined and where those margin calls may incur for tesla shares at a time When he it's going to be very difficult for tesla to make a lot of money When they need to reach economies of scale, which means pushing out more cars And how do you push out more cars when you have a demand problem? So keep that one in mind if you're looking at tesla, man Because even on a day when we got markets higher you got tesla shares trading down 1.4 percent right now Yeah, they're talking about the japanese people. I was very lucky folks I went to an outstanding school noble in grino in deadham, massachusetts If you're around the boston area you're looking for an outstanding school Boy, I was very privileged to go to that school. One of the things so I started attending it in 1992 We're going off on a little tangent here 1992 all right, let's see where the dolly yet. Does it even go back that far where the dolly yet was? This is when japan was going to take over the world folks. Okay Let's see.  We're going to zoom in on the action here Where are we in 1992? 1992? You're the dolly yet trading at about 107. Okay Now remember as this number goes higher that indicates yen weakness as it goes lower that indicates yen strength. Okay You reach the strongest point out there at 81 96 was in which was in about april of 1995 So I started attending that school in seventh grade and they offered japanese They offered japanese spanish and french I believe with the three languages that they offered you were required to take one language at the time Said, you know what? We're gonna go big. We're gonna go japanese and uh, it was so cool at the time So in middle school, it was more of a cultural Class as well you got to learn about it high school I had some outstanding teachers And you got to of course learn the language and then I was very lucky to go on an exchange program After my summer summer after my sophomore year so young when you think back to it, right? So it was about three or four weeks went over there stayed with a family who had a student who was in a accelerated program for english Very kind girl who was probably my similar age sophomore junior had a great family two great parents very kind people There was a brother in the household as well and What was so cool was I got to be over there and when you look where it was, right? I remember the conversation in terms of so I think that might have been Maybe it was about here in july of 96 So you had yen weakening from 85 all the way up to 110 I remember my dad telling me that you know, it's better than where it's been You're getting a much better conversion rate than where the yen had been in terms of strength In terms of where you were over there But I remember I would go to bed at about eight or nine in the evening And I would call my dad and he'd be just be kicking off the day at about eight or nine in the morning So pretty cool how that happens And as we know it didn't quite pan out for japan as many expected back then And unfortunately, I didn't continue that language in college and I forget a lot of it at this point Which is a bummer, but boy that was an amazing experience and the japanese people were so kind over there I'll tell you a quick story If you ever heard of pachinko, all right, that's a form of gambling japanese love to gamble I don't think that's any uh any any secret. Okay, so they have these pachinko parlors over in japan And what happens is as american teens and this is back in 1996 or something like that You appeared older than many and they really weren't that worried about the regulations and the yakuza the japanese mafia They controlled all the pachinko parlors over there anyway, okay And so what would happen was we'd go in and we weren't drinking even though that they sold booze In vending machines on the street because we were a little young for that thankfully and we weren't up to no good like that But we will go in there and play a little bit of gambling I'll never forget man one day we're playing slot machines. Okay, and these type of slot machines They have three roles, but these ones you stopped each one So you had to stop each one I think I'd lost like 30 or 40 bucks or something like that. Nothing crazy Kind japanese man. Okay. We I couldn't even speak the language that well at this time. He comes over and says It's all language just all all um using his hands.  I couldn't believe it I don't know how it happened to this day. I don't know either way. We'll come back. We'll talk to the markets So stay tuned be right back of your financial future tfnn is your gateway to the world of trading and investing Whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques It's time to protect and grow your money with insight you can trust Join us live monday through friday during market hours for exclusive content that moves with the markets at tfnn We bring the trading floor to you our season hosts are here to answer your calls and questions live on the air Check out the tiger's den for just one dollar and follow us on youtube and become part of our vibrant community And remember at tfnn we're so confident in the value We provide that we are for a 30 day money back guarantee on all new premium newsletter subscriptions and services You have absolutely nothing to risk So why wait tune in live to tiger tv and transform your trading journey because when you know better you invest better Join us and experience the difference today tfnn educating investors Many trading newsletters attempt to focus on a narrow set of equities or commodities While this works for some it oftentimes misses many opportunities that possess huge gain potential But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? One simple answer the opening call newsletter Basil Chapman developer of the Chapman wave trading methodology has been trading the markets for longer than most trading influencers have been alive And over that time he has honed his methodology in order to accurately call movements in a wide range of equities From semiconductors to uranium to key indices and so much more Basil is old school taking the time to educate the trader while also giving his insights into key indices Selective stocks and more opening call subscribers also receive access to dozens of educational live streams That can be accessed at any time for your edification All first time subscribers receive a 30 day money back guarantee So ignore the pop trading influencers and start learning time tested technical analysis For traders who crave risk directions daily leveraged and inverse ETFs provide opportunities to magnify Short-term perspectives with up to three times a daily leverage Utilize bull and bear funds from both sides of the trade and trade through rapidly changing markets These are highly leveraged ETFs with daily resetting designed for short-term trading not long-term investing Whether you're a bull or a bear You choose the direction for up-to-date pricing and performance go to direction dot com Investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage And actively monitor their portfolio They are not designed to track the underlying index or security for more than a day before investing carefully consider a fund's investment Objective risk charges and expenses contained in the prospectus available at direction dot com Read carefully distributor four side fund services LLC This program is brought to you by vista gold traded on the nysc american and tsx under the symbol vgz Back folks s and p's can't hold this market down man s and p's up 21 points up four tenths percent in the context of yesterday's Acceleration they'll watch out in terms of that was quite a while wipe out yesterday But even with the hot jobs number man this market they take it they run with it to the upside And we have the tenure right now jump in a yield to keep an eye on it Kind of clawing back some of that pullback, which is interesting. We were all the way down to 109 17 We're at 109 22 right now So to finish up that story because it was so interesting and I appreciate all the people in the in the den because it was Just an absolutely amazing experience We got to see an amazing amount of historical sites at the time visiting buddhist temples We stayed at one buddhist temple in japan But what was remarkable so just because I rushed it at the end there So imagine we're sitting there. We're a few kids, you know, we're from america Some gentleman out there. He's playing a few slots. So they have pachinko Which google that to to figure it out. It's kind of like a vertical Um, plinko plinko. What's that game on on prices, right? Um, plinko I think or something like that But they also had slot machines, okay And you had to these types of slot machines You got to stop each wheel yourself as opposed to the vagus ones where you just spin the wheel and they stop stop stop You got a match of mind these ones you actually hit a button to stop each one I don't know if that button correlated to exactly how you do it But I couldn't believe it. Swear to god This gentleman playing a couple things to the right, right? We're losing 30 bucks 40 bucks Which was a lot when you're 16 dollars going over there for a period of a month And he literally comes over we put in the money He takes his finger hits the three wheels hits hits, you know, not like some crazy jackpot We won like 100 bucks 200 bucks something like that and he gives us like a nice sign and walks away Blew our mind. I remember to this day. It was just it was like, what was that? How does that happen man? Does this guy got the secret is he running the show? Nonetheless, right? So that happens now. Here's the coolest part if you didn't know how they got around it So technically gambling was illegal But what they did was okay, imagine that they ran it somewhat like an arcade Okay, and the way it works is technically is that you were playing for prizes Okay, so just like you go to an arcade you win tickets You take those tickets up to the counter and they have just like in any arcade in america right now They have a number of different prizes on the wall that all correlate to a level of ticket sales Okay, and those tickets you win by playing the games like pachinko or the slots. Okay. Now. Here's the kicker So let's say you win 500 tickets whatever some arbitrary number.  Maybe he had a system. Maybe he didn't maybe he was in the yakuza And he knew what was going on. He just wanted to make sure the american kids were having a good time I don't know what was going on. Nonetheless an amazing memory And I had all amazing memories over there just uh, yeah very kind people across the board And being able to see those historical sites some of those old buddhist temples, etc. Very amazing as well All right, let's jump to what else we have going on this market. Let's check out some of the headlines we got going on 303 000 and 3.8 percent that is the headline out there for sure now Yeah jumping around to where we are I mean look at the ev article right you can't escape A day without poor ev articles and this is just reminding you what's going on folks We talked about it last year with tesla in terms of the price hikes And the people just getting clobbered when you had the price excuse me the price Decreases across the board poor resale values of evs threatened adoption warned some experts. You better believe it, man Okay, if there is a demand problem Are you going to be the one buying evs at this price point if you're talking about that potentially You have the average price even continuing to fall further Elon plays the long game Okay, and the long game right now is they need to increase economies of scale And the only way to do that is to offer the masses a better price point That's the only way he's going to bring that company to the masses They got to get a lower price point The only way they're going to do that is to decrease prices sell to more people And how do you do that when you have a demand problem? I don't know But even as somebody myself now I bought a vehicle five years ago to like this month almost five years ago I bought a vehicle and I remember thinking at that time. You know what? I'll buy this vehicle And maybe by the next time, you know, we're going to be looking at 2024 2025 the next time I'm buying a vehicle You got to think back to where the world was at that time folks I think in 2020 elan was talking about that you're going to have a self-driving. I'll look up that quote during the next break Self-driving fleet of vehicles, right?  So I'm saying myself. All right. I'll I'll buy a gas vehicle In 19 and by the time it's my next vehicle the next vehicle is probably going to be electric How far are we from where we thought we were going to be at that time? Yeah, about as far as you could probably be In considering where we thought now this one's interesting talking about hondas genesis brand is a dark course in the us luxury vehicle market folks hondae Kia boy, they got it going on right now man hondas genesis launched in the us nearly eight years ago But the south korean luxury brand has proven itself worthy of the domestic market. You know, I've talked about before man now the genesis brand, okay It is pricey But they got something going on man and when you think about that, you know, it's the hondae group They got kia in there as well. I've talked about myself. I was looking at buying a three row suv Look at the genesis sales in the us's annual units sold Just keeps going up man. Okay. They got quite a thing going on pay attention to hondae Especially when you look at kia because the kia telluride in particular folks. I've said it before Probably the best bang for your buck in terms of what you get per dollar for that vehicle.  Yes, it's a better vehicle than a kia telluride You're going to pay twice. You're going to pay 100 grand versus 50 Is it really double and in the face of people trying to save some cash right now? The notion of spending 100 to 110 thousand dollars on a vehicle folks I don't know that one's a tough one right now to get over in my head and it should be a tough one Okay, because you're approaching, you know, and even with housing prices going up. I'm in lakeland, florida You can find Houses for 300 000 dollars here So how do I rationalize buying a vehicle for a third of a house when realistically that vehicle over the course of five or ten years is going to You know depreciate to a dramatic degree Versus uh companies that are really delivering value like hunday like kia So, you know in the car conversation Keep that one in mind and we jump back to tesla down 1.4 percent today Let's see how some of the other car makers are doing forward up by three tenths percent Quite a quite an acceleration lower for them yesterday, but ford They're ditching They're fully electric vehicle ford was the explorer or expedition and they're going for hybrids And uh that was by the year 2030. So there's been a dramatic shift the next five or ten years dramatic shift in this market Speaking of the market, we got higher prices folks markets at intraday highs s and p's right now up 26 points one more segment Don't go away folks Hi folks, this is tom o'brien. It's the 22nd anniversary of the gold report. Can you believe it? We've taken 22 trips around the sun together and we have many more to come This year alone the gold report has returned over 50 and I want you to come along for the ride I provide in-depth analysis of the gold market as a whole in addition to providing outlooks on individual mining equities For a limited time you can save 35 off the monthly price for as long as you subscribe 35 savings will be applied to the current monthly price and it will stay with your subscription forever With gold pushing all-time high as gold equities trading higher and inflation still raging This is a great time to try my newsletter the gold report First time subscribers get a 30 day money back guarantee. So you have nothing to risk Just enter promo code 22 years at checkout and you'll see that 35 savings applied to your subscription price And this deal will stay with your subscription for as long as you subscribe Don't forget just enter promo code 22 years at checkout 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 at 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 The reality is that navigating financial markets can be risky Markets can be chaotic and difficult to understand Having the latest market advice can help you turn this chaos into a key for creating winning trades At tfnn we understand that it can be hard to find reliable market news That's why each of our market experts offers their very own market newsletter A must-have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade Try any of our great newsletters risk free with our 30 day money back guarantee Just visit the newsletters tab on the front page of tfnn.com tfnn educating investors Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv. That's tfnn.com and hit watch tiger tv The market folks we got the s&p's up 31 points nasdaq 100 up 140 dow up 117 rustle lagging a bit up by 3 i mean check out some of these accelerations man amazon up by 2.7% right now we jump over to Microsoft up a full percent navidia shares up by 2% right now whoo how is apple doing apple up by 4 10th percent pretty remarkable you checking on tesla shares down by a full percent now I did google okay and what did i do let's see what did i exactly google so all i googled was elon tesla self-driving fleet quote okay and you go down a couple news articles and it's remarkable where it was because i knew that i was thinking at the time i said man these these stories are coming out i said what did i do i said i bought a car five years ago right when's this story from five years ago april of 2019 what's the headline elon musk predicts tesla driver driverless taxi fleet next year he was telling the public folks that by the end of 2020 he's going to have a fleet of self-driving vehicles remember that remember the words okay in 2019 how is that even legal as a ceo to be spewing that type of language when you are so far off to where the world is um yeah now now you know there's many others that popped up here okay musk's bet on tesla human like robots and self-driving cars let's pull this one up this one's from roiders and listen this is not about hate like i said okay this is about you know you can't lie to the public man and i there's there's something as optimism at hope and that is great okay but this one's from 2022 human like robots and self-driving cars and the one here said that um i would be shocked if we do not achieve full self-driving safer than human this year i would be shocked that was january of 2022 so keep those quotes in mind okay this one comes there um yeah here it is i would be shocked if we i would be shocked if we do not achieve self-driving full self-driving safer than human this year i would be shocked i i don't know how in the know that you could make that case reasonably folks and we're gonna finish it up with gold head on over to the front page of tfnn folks gold is up 12 right now even in the face of a dollar index that is spiking higher check out that gold report sale folks on the front page it runs through this weekend have a great friday stay tuned for basil coming up next folks have a great weekend


Looks like there's some tea coming That's a hot mug guys Hey guys, this is my review for supernatural episode 6 of season 6 And this is the one where they really started to dive into Sam's untrustworthiness the episode starts off with everyone in this diner telling this girl the hard and basic truth whether about her or about Their own lives and the end the girl is so hard hit especially with someone one of her family members telling her some pretty Rough truths that she kills herself and it turns out this town is kind of having this effect. There's something going on Sometimes I think I can't get pregnant because God knows my marriage is a sham Why'd I say that all the while that's happening Sam is still doing his thing But Dean does not trust him within an inch of his life. He doesn't want to trust him There's just something clearly clearly wrong. He's asking for Bobby's help about it Especially with the events of what happened in the last episode overall this episode actually has a good little bit of humor in it With the whole telling the truth thing How I remember why I thought the season 14 finale felt so Garbagey and overused it's because they literally had done this already when no one could tell no lies This is the episode that did it first dab literally copied shit that he was a part of that's not a surprise But I'm just saying you are made of stupid I thought the monster was kind of a strange thing was Greek got us that feeds off of the drama then when they go to confront her she pushes them against some Body corpse thing and that somehow knocks them both out. I thought that was a bit odd at that shot In particular was just strange. It's why they fade out of it so fast All right This is how we're going to kind of make these guys get a concussion for the eight billionth time Then they wake up and she starts talking about what she is She talks to Dean about it and Dean is able to say well I wanted to kill my brother the other day But I was somewhat convinced by what he said to me and I am still worried about him But I feel I can trust him slightly and she goes and talks to Sam. She's like you're outright lying There is something wrong with you they fight her they kill her and then Dean does confront Sam and Sam says There's something wrong with me really wrong. I've known it for a while Take these risks because I know that I take the myth the emotional factor out of it And then Dean beats the ever-loving shit out of them Which to be honest that is a pretty Realistic reaction to what he was told and I know that as we go along We're gonna dip more into the soul of Sam thing But I think we're going back to monster stuff Which is unfortunate because like I said we are now on a story track that we actually enjoy that we were actually Invested in and then we're gonna go back to this monster stuff all three storylines the Warren heaven Monsters and Sam's soul. There's not enough of all three of them to take up the majority of the season So they kind of interspaced the three of them I imagine this was actually made during the process because as We've all said Sarah Gamble basically had to come in with two broken legs She had no real story narrative choice to do here So she kind of took three options and played them out as far as she could to see what people were most invested in In the end this episode is not bad I think that the confrontation at the end is a little bit silly The best part is Sam and Dean's interaction with each other as well as the dentist killing So in the end I'm gonna give this episode a four to seven. It's okay. It's got some good gore It's got some good humor. It's got some decent kind of interactions I just feel that the ending falls short especially with how the how intense the last episode was So this one's like a little bit of a bring me down just a standard kind of filler ish episode That's my thoughts on it, what did you guys have to say this episode was a good one I can't believe that both Bobby and Dean actually thought that Sam was once again possessed by Lucifer I definitely knew that that wasn't the case with Sam's behavior I feel really sorry for Dean when he had the conversation with Lisa about what happened And she has every right to be angry Unfortunately, she's right about Dean and Sam's co-dependence on each other and she's right that Dean always buries his feelings Instead of dealing with them. I was happy seeing Dean beat the daylights out of Sam and Dean had every right to be furious No, that's a brutal beating that he gives and yeah, Lisa has every right to be angry I was really satisfied with this episode We got several moments of humor and the storyline progressed to the point Where so was Sam readily admitted that he has a problem and asked for help It's an interesting twist on story quite because the question remains whether they can retrieve Sam's soul and make him whole again Overall a good episode. It's my comment too simple. Let me know. Nope. That's totally fine. Honestly cookie. This is the perfect format I'm really liking short and concise ones if that could be replicated with others that'd be great I really enjoyed the rewatch of this episode. It's been a long while since I watched these episodes I gotta say it's they hold up a lot better than I remember I like the idea that Sam is just an asshole now and because he's come back from the cage Dean being blasted by the truth Especially from Bobby is worth a laugh the term when the cat lady speaks to Sam is great And that cat out of the bag where we are in the same boat as Dean I do enjoy the almost throwaway nature of the monster of the week episode And being more so with Sam and how it feels cut into two parts of the next The start of the next episode they do tend to nail those cliffhangers five out of seven Jeremy at this point in the season during your first viewing What was the you think was going on with Sam this idea of the soul the soullessness had not yet been established So I'm curious of what your theories were to be honest Actually, I did have already a theory of what I thought soullessness was Back when Dean fought against pestilence or sorry a famine. I thought that that whole there's a big nothing inside of you I thought that was soullessness or a fractured soul So I actually really did not have any idea what was going on with Sam But it was clear that there was something very strange and I was very interested to see how they would figure it out Re-watching it now. It's still actually quite enjoyable You can't handle the truth is proof enough that nobody Wants to be told the truth about them or in anything in general in a complete fantastic bodily horror fashion I particularly love the special effects and the practical effects in this episode of all its simplicity The humor checks out very nicely once more I love how this episode is a means of Dean getting honestly Confrontation with Sam Lisa and Bobby While he likely wouldn't have gotten it Otherwise also the end scene with Dean beating up Sam is my favorite moment in the episode because it's both expected and unexpected And I just love how Rod is without the music. Oh fun fact for you Potterheads The Roman goddess Vertas inspired JK Rowling's truth telling potion Vertasitum Again another decent episode and even though it's a filler this one's cleverly woven into the main plot with Revealing Sam soullessness to Dean Dean's reaction towards Sam at the end makes me laugh. So goddamn hard I think the execution made it unintentionally hilarious despite the fact that I know it's supposed to be a serious scene I'll say that when he does the first punch. Yes, that makes you laugh But then when he just gives the absolute Shit kicking to him. That's pretty crazy Good episode finding out Sam has no soul is an interesting plot line indeed But blame the Dean blaming Sam for coming back without his soul doesn't track. Where did he get that choice? Cass is there. We know that he did bring him back soulless Perhaps accidentally, but was a better hunter for Castiel and Crowley wanted Jensen has said at conventions that he did not enjoy this arc because it was so hard to act across from Jared being soulless Sam a very different character where he was used to I will say that yeah, Dean is the very Weakest part of this entire season and his constant blame and his constant hate and constant Antagonism toward Sam in this season just doesn't make any sense. He's just being a dick, honestly All right guys, thank you for your comments now We're going on to episode seven of season six So make sure to give me your comments about that in the comments below And I will read those off in the next review Otherwise guys, I hope you're enjoying the reviews If you are leave a like and if you're interested in more subscribe And if you think other people would be interested in these reviews, please share a bound So on the way to 4 000 subscribers if I'm correct at this point if I've passed already, whoo-hoo As always appreciating you guys watching and I'll see you guys next week


Hello everyone, welcome to the second lesson in our series on control accounts. The objectives of the series are to explain the use and advantages of control accounts in a business, to describe and differentiate between the terms debtors control account and creditors control account and to draw up control accounts from totals in debtors and creditors ledgers. The topic of today's lesson is creditors control account. After watching this video, you should be able to identify different creditors transactions and know how to draw up a creditors control account. Good afternoon. Yes, this is Mr. Freeman speaking. How can I help you? $200 interest. Yes, in three weeks' time. Yes, I understand. Thank you very much. Who was that, mom? Why do you look so worried? That was the lady from 1D Suppliers reminding me about my overdue account. Is this the same lady from when you bought the hair dryer? Yes, the lady told me that they have charged $200 on my overdue account. And they're not the first people to talk about payments. And you have to pay so much money. What are you going to do? I'll just have to pay them. Where I'll get the money from is the question. Anyway, let me just take you home. Oh, is it okay if I give you a tax money? Because I still have to finish this book. Mom, I thought you were going to buy the sneakers on our way home. Okay, fine. But you're going to have to give me a tax money. Here. And keep the change. I want the change when I get home tonight. Can you come over to the salon? I'll do one word. Fair it is. Okay, we'll see you soon. Bye. I'll buy a new one in my house. Tell me, what's wrong? You sounded so worried. I've got a call from my credit suppliers again. Is Mr. Green traveling already? No, it was the other supplier. It is not only Mr. Green who wants his money to be paid as soon as possible. I have two other suppliers, from whom I buy on credit. One is supplier and the other is beauty supplier. And now my account is arrears with both the creditors. Are they suing you? Not yet. They've only sent me warnings. But I've made an arrangement to pay at the end of the month. Yes, but I couldn't pay the full outstanding amount. And now they charge interest. How much interest are they charging you? Two hundred Namibian dollars. That's hash? Yeah, exactly how much money do you owe them? I don't know the exact amount and that is what I need to find out now. Yeah, that's what you need to do. You really need to. Do you have all the documents? Yes, everything and the files. I think I can quickly do some of the transactions with the suppliers from the documents. Let me see. Okay, let's see. How did he mess you up, yeah? Oh, Green Boy sells credit notes and even an account statement.  Yes, I have paid five hundred Namibian dollars. But it does not show here on the statement. I have the receipt. But you know it will not because you've met the payment after you received the statement. Okay. So can we do the calculations now? Okay, come down Sarah. To do the calculations, we will have to make a summary of all your transactions with the creditors. Give me the file for the duty salon so that we can work with the creditors. Here. Now, we can do a summary of all your transactions with both creditors by drawing up a creditors control account. And will that show me exactly how much I owe the creditors? That's right. And we will collect the information of the transactions from your documents here. You know what Sarah? In future, you should have a separate account for each of your creditors. And then enter the transaction as it occurs on daily basis. Okay, you mean like I have a card system for each debtor? I should also have a card system for each creditor. That's what you call a creditors ledger. Where you will have your individual creditors account. And then we have the creditors ledger is where you open the individual debtors account. Like you have your customer card. And the creditors control account is the summary of all your creditors transactions. Oh Paula. Do you always have to be so complicated? But it's okay. I understand what you say. Okay. Let's start with the documents. You can identify the different transactions while we sort these documents. You can work with our disfi and I will take good supply. But you only have a receipt and an account statement in this file. Yes. I did not buy anything from them during this month. I first have to pay my account before they will give me things on credit again. Okay. You also have an account statement in my disfi. What is the balance statement? Okay. Let me check quickly. $5,673 and five cents. Okay. Let me put you on discount. The balance of five suppliers is $5,672 and $1,000. And the balance of two British suppliers is $7,145 and $83. So in total. You owe them $12,818 and $8. So that is a lot of money. Okay. Let's identify the transactions. What do you have on the English way? This one is for the curlers and work brushes that I have bought on the 10th of the month. And then I have bought three sets of hair clippers on the 15th. And then there's also a credit note for the hot brushes that I have returned because it didn't work well. That's all except for the receipt for the $500 payment that I have made at the end of the month. Okay. So when you bought hair dryers, brushes and hair clippers and so on, why did I? Was it for you to use in the salon or to sell to other salon? Well, sometimes I bought for use in the salon, but this I bought to sell to my customers. Okay. When you buy goods, you say it is a credit purchase transaction. When you return goods, it's called purchases with things. When you pay your account, it's called credit payment transaction. When the credit that charge you over your account with your interest, it's called interest payment. All right. Now, that is a form of credit transactions. The credit purchases, the purchases returned, the credit payments, interest charge that over your account. Now, you can drop the creditors' control account. Okay. Let's start. The creditors' control account has two sides. The debit side and the credit side. With credit, the creditors' account is the amount only increases. And debit the control account when the amount only decreases. It is also helpful to remember that the creditors' account, the creditors' control account is the liability account. It therefore increases on the credit side and decreases on the debit side. What do you think? I think so. Okay. And yes, we have calculated the creditors' balance at the end of last month. Yes. The balance will enter on the credit side of the account on the first day of the month. Okay. Next, we have to add the amount of the two invoices. $1875.15 plus $1600.00, giving total purchases of $3475.15. You enter it on the credit side because your account increases. Remember, this is purchases. Next, we enter the information on the credit side. Purchasers will tend to worth $330.00. This entry is made on the debit side. Because purchases will tend to decrease your account. I think that's all. No, no, no, no, no. There is still the receipt showing the payment of $500.00 that I have made on the sticks. I think we should enter it on the debit side because my account decreases. Let's go ahead slowly. Unfortunately, we haven't received the new account statements to see how much we have charged for the interest. That's true, but the lady from 1D Supply has said they will charge you $200.00 for interest. Let's enter the $200.00 for interest then. Okay. And then you can balance the account to give us the amount that you owe to your creditors. Okay. Do you know how to balance the account? Yes. Let me do it. Okay. Okay. We add the amount on each side and write it on a scrap paper. Right. Let's see. On the debit side, we have $330.00 plus $500.00, which gives us $830.00. Right. The credit side total is then $12,818.00 in 88 cents. Plus $3,475.50 plus $200.00, which gives us $16,494.03. Then the biggest amount of the two, which is $16,494.03, is then ended in total columns on both sides. The difference between the two columns, $16,494.03 minus $830.00, gives us $15,664.03, which is then the balance of the account. That's good. See how quick that is? Yes. But you know how it goes when you get busy. I think you deserve a cool drink. Wait, Sarah. Okay. What? I will be okay. Okay. I don't know how to apply for credit. But you must really pay for this account. Yes, I know. Because if you give your account up to date, the creditors might offer you a discount on your payments. That's true. You know, they did that at first, but now they just add interest. Okay. Let's take a look at the creditors' transactions, which identify from the document credit purchases of dates. Mm-hmm. Purchases retail. Mm-hmm. Purchase statement. Interest charged on overdue account. Okay. Now, we can add two more transactions for us.  Oh, yes. And then I have to end the discount receipt on the debit side to decrease the amount. You're right. Okay. You're definitely right. But just thinking this. Hmm. I don't think you need more explanation. Thank you so much, Paula. Mm-hmm. I think I'll be able to bring my account up to date at the end of the month. Yeah. Many of my clients have promised to pay their standing bills at the end of the month. All right. And I've also learned Vanessa needs to buy so much on credit. Much pleasure, Gauke. Come. Let's go to the coffee shop. Thank you. Okay. Let's get out of here. Mm-hmm. Let's summarize what we've learned today. Creditors refer to suppliers to whom the business owes money. Contractors of creditors transactions include credit purchases transactions, purchases returns transactions, creditors payments and discount receive transactions, and interest charge on overdue accounts. The creditors control account is drawn up to give a summary of all creditors transactions for the month. This brings us to the end of our series on control accounts. Goodbye and happy learning.


So, let's use Cisco Packet Tracer, a network simulator which will allow us to experience how packets flow through a network. Remember, we were discussing about explaining how a webpage loads to our friends who were not used to computer networks. Do you think this Cisco Packet Tracer will help them to see what happens behind the screens? Yes, definitely. So, let's go to Cisco Packet Tracer and see how the packets traverse from your system to the server.


Again the title of our sermon a victory song of celebration victory song of celebration part 3 in Judges chapter 5 so tonight again. We have one more opportunity in our series here our brief series one more opportunity to celebrate with the children of Israel as Deborah and Barak complete their victory song of celebration in judges chapter 5 as we know to set the set the table for us to Give us the setting a great battle at the Wadi Kishon has been decisively won The torrent Kishon has swept away the armies of Jabin king of Hazor and his general Cicera Will not be waking up from the nap that he is taking on the floor of Giles tent a Deborah and Barak now break out into a song of praise of the Lord God of Israel God has come down with the week to defeat and deliver them from the mighty Showing himself to be mighty to save our God is a delivering saving God amen And he delights to come to the aid of those in need to deliver them from the hand of the mighty and here in judges 5 He has delivered Israel from the harsh oppression a severe oppression Under the Canaanite Pagans and he has proven time and time and time again his covenant faithfulness to his people He comes now to their aid and wins this decisive battle And so the response then of God's people to this outpouring of his grace this outpouring of his mercy to them is to sing All right, they sing in praise of God and they sing in praise of God For his mighty deeds verse 3 here. Oh kings give ear. Oh princess I even I will sing to the Lord. I will sing praise to the Lord God of Israel as we said last Lord's day This is no Defined Ballad right. This is no sullen Sonnet this is no soft effeminate pretty light a candle love song This is a mess with us again. I dare you fight song. That's what this song is It's a battle him a battle him of Israel now some would say this is scandalous Some would say this is seedy or unrefined No, God's people do not see it this way when you understand sin when you understand The forces the enemies of God at work against him. No, this is not scandalous. This is not unrefined. This is a righteous pious Worshipful praising song of celebration of God's victory over his enemies. That's what judges five is Now this song of celebration this song of victory is divided into three sections Each of the three sections highlighting a contrast in section one of the song from verses one through twelve Section one features a contrast between the power of God and the powerlessness of Israel God is introduced in verse four as Mighty and marching out Toward victory the victor of his people we see his people in the wilderness, right? And God is marching out from the wilderness marching out from Sinai towards seer marching out from seer through Edom Conquering their enemies before them and leading them into the promised land God is their conquering hero The earth and the heavens and the mountains Tremble as God moves through the through the wilderness with Yahweh as her God You would expect that the children of Israel would be unconquerable. They would be Undefeatable, but the sin of Israel and God's righteous judgment left the nation powerless Israel is powerless against her enemies and now under the iron fist of a ruthless enemy in verse six Village life here is decimated the highways are deserted Israelites were driven into their homes driven into hiding Utterly incapable of doing anything to help themselves anything to defend themselves or anything to better their position Not a shield or a spear found among 40,000 in Israel However, the children of Israel have God as their God So the children of Israel cried out to God for mercy and God the faithful God who keeps Covenant and mercy for a thousand generations of those who love him and keep his commandments Our God heard their cry and answers their prayer. He hears them in their distress He remembers them in their misery and he provides for their deliverance In section two of the song from verses 13 through 23 This section features a contrast between those allies of the Lord that the Lord leads into battle and all those Enemies that are defeated at his hand and we saw last Lord's day how Even within the camp of Supposed allies there are still those who would prove themselves to be faithless And those who because of their faithlessness would discourage the hearts of the faithful Nevertheless despite those Deborah records Those who took place in the victory the faithful those who honor the word of God those who esteemed God esteemed his word esteemed his Promises and those who for his sake loved not their own lives even to the point of death Those allies are contrasted with the enemy that shows up in verse 19. Look there at verse 19 with me the kings came and fought Then the kings of Canaan fought in Ta'anak by the waters of Megiddo We looked at that destination in our study of Judges chapter 4 And they took no spoils of silver now Jabin and Cicera as it turns out are Representatives here in verse 19 of all of the enemies of Israel which are the Canaanites and all the kings of the Canaanites Here Jabin and Cicera Stand for all the kings of Canaan and all the kings of Canaan are said to have come down in verse 19 to fight in Ta'anak by the waters of Megiddo and Subsequently all the kings of kings of Canaan were defeated might as well have defeated the whole lot and driven them all out of Canaan There would be no spoils of water for them and God is victorious over these kings and what happened look at verse 20 with me What happened? They fought from the heavens The stars from their courses fought against Cicera. In other words God brought all the forces of nature To this battle All the power of God was arrayed against the powerlessness of the Canaanites as he drew from heaven to defeat them in Verse 21 the torrent of Kishan swept them away that ancient torrent the torrent of Kishan now Deborah Revealing in this at the wonder of it all you can imagine that victory given them by God Deborah responds with an exclamation of exhortation to herself the end of verse 21. Oh my soul march on in strength Now you and I have probably said something like that to ourselves I have certainly over my Christian life before there have been times when I've been so wrapped up in the grace and mercy and might and power and Faithfulness of God that I just have to remind myself. What am I doing? Why don't I serve him more faithfully, right? It's the same kind of a thing. We see the grace and mercy of God and we say to ourselves. Oh, man I have no business doing anything else But serving him with all my heart soul mind and strength and God is worthy of that kind of commitment That's the kind of commitment that Deborah is saying to herself here in verse 21. Oh my soul March on in strength, right? We are more Than conquerors through him who loved us. Do you believe that? more than conquerors He always leads us in triumph in Christ and Lord God will give us the victory This is an exclamation of victorious faith in verse 21. Oh my soul march on in strength when you Find yourself in difficulty. You find yourself in adversity when you're facing a challenge Remember the strength the mercy the grace the goodness of God toward you that God is Powerful against every enemy of ours. He is sovereign over every adversity that we face and say to yourself as Deborah did Oh my soul march on in strength. We have no reason to do anything different, right? But to march on in strength So that's what Deborah proclaims here in verse 21 and then in verse 22 Then the horses hooves pounded the galloping galloping of his steeds Now the infantry here in verse 22 is owned by Jabin this is these are his horses and we know it happens the wadi kishin becomes wet becomes Doused with rain the torrent comes that wadi turns into a mud pit What happens the iron chariots and horses when they're caught in the mud here? You can imagine a horses hooves pounding in the mud the word galloping there That word has the sense of rearing up the rearing up of stallions is exactly what it's talking about And so you have a picture here of the horses that are caught up in the torrent They're caught up in the mud Struggling at the wadi kishon and we know what happens right the armies of Israel route Jabin and his 900 chariots of army and win the battle God wins the battle for them. So then Deborah Ends this section now with a final command by the Malak Yahweh or the messenger of the Lord in verse 23 listen verse 23 curse Mara's Said the angel of the Lord Curse its inhabitants bitterly why? Because they did not come to the help of the Lord to the help of the Lord against the mighty And here we have this city Mara's Mara's Obviously a city inhabited by Israelites The thing with me about what this says Mara's expected in verse 23 expected to come to the battle to aid their countrymen To fight for the Lord Against the mighty against the enemies of God, but they did not Mara's expected to be there but they did not come now It may be the reason for the curse here that if you remember Nor Ruben or Gilead nor Dan nor Asher got for their failure to come now We see in verse 23 Mara's doesn't come to the battle and they're cursed by the angel of the Lord in verse 23 It may be that the city was very close Making their Obstinance that much more offensive to God they didn't come to the aid of their countrymen like they should have Whatever the reason They incur the wrath of God here in verse 23 in a way that even Ruben Gilead Dan or Asher did not They are cursed bitterly by the Malak Yahweh or the messenger the envoy Who is from God here now this in verse 23 then Sets up another contrast for us. We've been talking about contrast through this song verse 23 sets up another contrast in this second section of Deborah's song Mara's along with Ruben Gilead Dan and Asher are Israelites who Refused to stand with the one true and living God against his enemies They refused to stand with God while section three of the song Begins with Jael who is a Gentile woman who will stand with the one true and living God of Israel Against their enemies you see the contrast People of Israel these tribes particularly here Mara's won't stand with God for all that God has done for them And yet here's a Gentile woman Jael who will right this is Exceedingly shameful Exceedingly shameful Mara's think of their think of the blessings and the privileges that the children of Israel have had from the Lord We talked about this or studied this in Romans chapter 9 a sermon or two ago in our study on the essentials on Sunday morning Right Mara's who are Israelites to quote Paul in Romans 9 They're Israelites to whom pertain the adoption the glory the covenants the giving of the law the service of God and the promises of Whom are the fathers Mara should have known better. Amen should have known better What have they done? They've taken the grace and mercy of God for granted here. Look at all they've got and they've taken it for granted Being the recipients of such grace being the benefactors of such blessing and In the end all of that has been received in vain and it profits Mara's Nothing Mara's is cursed Why why? Because Mara's sat by and Did not take up the Lord's cause That's why of all that Mara's had been given all the blessings afforded to them Mara's then sits by Does not take up the Lord's cause against the Lord's enemies and Mara's is cursed cursed for it put to shame By a gentile woman Who would have been pleased to be to have eaten from the crumbs that fell from the master's table. Yeah, you remember that story? Jail a gentile woman who would have been pleased with the crumbs that fell from her master's table while the children of Israel sit by Did the Lord need their help did the Lord? Need the help of Mara's to win the battle No No, he wins the battle. He's victorious without their help. He needs no one or no thing He certainly would have won the battle. He did win the battle, but the Lord says in Luke chapter 11 verse 23 He who is not with me is what is against me is against me he who does not gather with me what? He scatters abroad He scatters abroad We've received Such grace from God. Have we not? You and I are the recipients of Tremendous lavish Outpourings of God's grace and mercy if you're in Christ it is because God in a bounding Grace from the riches of his mercy has reached to you to cause you to be born again to Transform your wicked heart from a rebellious perverse corrupt heart to a heart that loves him Loves the Lord Jesus Christ loves righteousness. The Lord has done that for you Lord. It's forgiven you of your sin He's adopted you into his household as a son or daughter of the kingdom. We have such blessings We have the fullness of God's revelation given to us The fullness of God's revelation and the Lord Jesus Christ himself given to us. We've received such Grace from the Lord and the Lord says that we are not to receive the grace of God in vain Not to receive the grace of God in vain Mara's that's exactly what they did all that grace Received in vain. May we never be indifferent to it as Mara's was We must stand with him stand with him in his cause For his purposes for his aims for his glory if you are a follower of the Lord Jesus Christ you are employed in his work. Do you see? You are now an ambassador for Christ Paul says you are employed in the gospel work of Preaching the gospel to all creatures. You are employed so to speak in God Gathering his elect from the four corners of the earth. You were employed in the service of his people to make disciples You're employed in his cause Here Mara says now, you know We simply don't care Don't care not going to show up and Mara's is cursed Stand with him if you're not with him in the work preaching the gospel making disciples Serving in the Lord's church loving the Lord's people then you are against him if you're not gathering with him Then you are scattering abroad. You see Mara's here is cursed There were cities in the New Testament cursed right the Lord cursed Bethsaida Lord cursed Karazin cursed Because if the light that was revealed to them Had been displayed Manifested in Sodom and Gomorrah Then those two wicked and perverse cities would have remained to this day the Lord said And yet they received the grace of God in vain. They received the grace of God in vain We have such grace has given us such blessings such privileges It's the privilege to be here tonight. Amen a privilege to have a church building where we can gather in A privilege to be saved to a body with other believers that we can fellowship with and Share with and have sweet fellowship together. Love one another, right? This is a blessing a tremendous blessing a church like this where the people are they love the Lord They love the Lord's word. They love one another. This is a tremendous blessing We cannot receive the grace of God in vain. We can't be like Mara's You see We can't sit by While others take up the cause of the Lord We must pick up the mantle of ministry ourselves. Do you see? You and I we The church is not a nebulous thing, right? The church is not an ethereal Undefinable nebulous blob that the Lord created.  It's you and I we are the church. Do you see? So it's up to you. It's up to me to pick up the mantle of ministry and serve the Lord in his cause We're not to sit by here. God issues a curse against those who sat by while others fought the Lord's battles Do you see? Let it not be said of us This is our generation. This is our time. This is our area This is our place. This is our location, right? This is our community These are our neighborhoods This is our place our time. Let's be faithful. Amen. Let's be faithful in our time Let's be faithful and what the Lord has called us to do. Let's be faithful in his work Laboring with him gathering with him. So it's not said of us that we are scattering or against him So as we come then To section three in the song of deborah and verses 24 through 30 In section three now We find lastly a contrast between jah el the workman's hammer And the mother of sissara It's a poignant vignette Contrast here between jah el and the mother of sissara now the third section here of the song begins with jah el From the raging battle in the wadi kishan among thousands Here to a seemingly insignificant and private encounter between two two people One commentator remarks that the killing of sissara is recorded here with savage pleasure I like that. It is true. Look at verse 24 Most blessed among women Is jah el sounds like the blessing afforded mary The beginning of the new testament here in the old testament most blessed among women is jah el the wife of heber the kennight She was a Gentile woman Blessed is she among women in tents here Contrasted with the women of israel who at this time would have lived in paneled houses Israel has taken the land israel lives in houses here jah el living in a tent blessed Blessed is jah el the wife of heber the kennight blessed is she among women in tents now the song Commends her shrewdness Commends her wisdom commends her courage verse 25 He the general sissara asked for water jah el was shrewd She gave him milk. She had a plan. She was carrying out her plan. She was courageous She had intentions here And for as far as sissara was concerned. They're not good intentions She brought out cream In a lordly bowl in other words. She gave sissara the royal treatment Not just water but milk a lavish gesture fit for a general of jayben's army The word for brought here. She brought out cream in the lordly bowl is formal formal award it carries the sense of presentation. She presented to sissara a Adarim a magnificent bowl She presented to him a lordly bowl a magnificent or majestic bowl of cream Now jayel Has determined her course of action. She's calculated What she is able to do to serve the god of israel and think about this with me. She that's her that's her mind She has thought to herself This is how i am going to serve the one true and living god of israel Sissara comes passes by her tent. She sees him and calls out to him to lure him into the tent Jail has intentions and her intentions is to take up the cause Of the king the one true and living god of israel. She a gentile woman is going to serve the lord It's not unlike reyhab. You remember Not unlike other gentiles who have taken up the cause of the one true and living god of israel Here it's jayel's turn. She has inter intention. She's determined her course of action She's calculated what she can do and now she acts in great faith Great faith great courage great wisdom great shrewdness And then recorded with great relish The death of the enemy of god's people at jayel's hand verse 26 Again in faith, right? She stretched her hand to the tent peg her right hand of the workman's hammer She pounded sissara. She pierced his head. She split and struck through his temple I remember when we looked at this in judges four Jail would have been really handy with a tent peg and a hammer It was up to the women at that day in time to put up the tents She would have known exactly what to do. She would have been very proficient with the hammer and what is recorded there is A blast from jail Likely one strike was all it took One hammer to the peg and the peg drives through sissara's head into the floor of the tent And kills kills sissara splits his head right there at her feet She pierced his head. She split and struck through his temple at her feet. He sank. He fell. He lay still at her feet He sank. He fell it might have been Could have been we're speculating that the first blow Was a shock to sissara. Maybe he had he had enough strength. I can't imagine But to maybe get to his knees or to attempt a move But he sank. He fell. He lay still where he sank there. He fell dead Jail and judges chapter five Portrayed as anything But a foolish woman Jail's portrayed as a strong courageous shrewd wise Triumphant woman. She is the workman's hammer. Do you see so we get the title of our sermon the workman's hammer. This is jail While the men Of mara's that shameful lot While the men of mara's loiter behind in their paneled houses Jail calls out to sissara from her tent To lure her enemy to her What do we see in contrast to this faithful bold and decisive act of jail in contrast Mara's despite all its privileges is cursed The weak men of israel are shamed God's enemies are humiliated bail is seen as utterly worthless Their general is dead at the hand of a woman and jail God's appointed means of deliverance is memorialized in song. Why because of her shrewdness because of her faith Because of her courage because she took up the hammer against god's enemies. Do you see she did what she could the puritan Richard rogers commenting on this text said this He said many silly persons Now think of that word silly for me in the 16th century when rogers was writing The word silly in the english of the day meant innocent Or meant deserving of compassion Silly meant someone who is simple Right, so think of it that way not terms of silly as in foolish so many simple people many innocent people those that You might see as deserving of or needful of compassion many of those persons So furnished with the grace of god Have forced great ones To wish from their hearts For all their wealth and power that they were like unto them You see what's being said about jail in other words It's that one who Despite what the world would see as their Desperate condition or needful condition or their humblest state or their Difficult plight or their difficult state those Who simply in faith Serve the lord faithfully In what they've been called to do in their circumstance in their time in their place They take up the lord's cause And in humble simple devoted faith They faithfully serve god It will be those Who are great Those who are powerful those who are mighty Those who believe themselves to be proud those who believe themselves to be worth something It will be them for all their wealth and power That they wish they were like jail. Do you see we get so caught up in Wanting more for ourselves That we forget is just simple faithfulness simple obedience right following the lord Obeying the lord living for him Simple acts of love and devotion. It's like Mary and john chapter 11 Uh an innocent person Someone you might think would be in need of compassion Who on the night before jesus christ was crucified She broke The alabaster flasks of costly costly oil She anointed the head anointed the feet of the lord jesus christ Loved in that way Devoted to the lord in that way giving her prized possession For him for his cause for his sake And what does the lord do he memorializes her Wherever the gospels preach in all the world what this woman has done will be remembered It's the simple things right it's not that complicated Doesn't take the mighty doesn't take the wealthy doesn't take the powerful. It just takes the faithful The faith filled it takes those who are devoted of heart and mind to the lord jesus christ And that here is jael Someone who we might think was simple living in a tent and yet here jael Apart from god who is the hero of our song jael here is lifted in judges five as a heroine And what of cicera? what of cicera That proud Enemy of god What of the haughty right what of the mighty one the general cicera? The lord brings to naught the high and haughty He brings forth the mighty from their god defying seat of supposed power What does god do? He puts them to an open shame Puts them to an open shame.  Do you see what about jezebel? That vile despicable disgusting woman in second king's chapter nine God spoke by elijah about what he would do to her Jehu shows up at her house She puts on her makeup. She calls out from an upstairs window. Is it peace? Is it peace that wicked woman? Jehu calls back to others in the room. He says who's on my side in other words Who's on the lord's side? Who's on the lord's side? Throw her down He calls There were a couple of eunuchs up there who took jezebel by the scruff of the neck and threw her out of the window Her blood splattered splattered on the wall of the building splattered on his horse He trampled her with his horse What did jehu do jehu went inside to have lunch? God knows how to cast down the proud does he not?  He will give you mercy Now contrasted with jail Is the mother of cicera While jail yet clutches the hammer look at verse 28 The mother of cicera Looked through the window cried out through the lattice Why is this chariot so long and coming? Why terries the clatter of his chariots? That's certainly a natural response, isn't it of a mother for her son Concern for his safety the longer he's gone the more worried the more anxious she becomes But be sure here in verse 28. This is a godless pity a godless selfish concern She may have concern for her son But listen, it's a concern that is in defiance of god The lord's cause the lord's people the ever-living soul of her own son. She's concerned Not for those things. She is defiant against the lord god of israel It is a worldly misplaced fleeting and idolatrous affection And it's seen in how she comforts herself look at verse 29 It's seen in how she comforts herself her wise this lady's answered her. Yes, she answered herself. Listen, are they not finding and dividing the spoil? Certainly, that's why he's late in coming back They're dividing the spoil amongst themselves and she's celebrating She's relishing the thought of this in her head and what is the spoil they're dividing to every man a girl or two The word there means a womb literally in verse 30 A womb A couple of wombs for every man in other words in other words She comforts herself in the thought of her son sissera raping and pillaging That's what she comforts herself with that's what she's doing in verses 29 and 30 Right garments plunder of dyed garments plunder of garments embroidered and dyed two pieces of dyed embroidered for the neck of the looter And for every man a girl or two He's raping and pillaging. She's comforting her comforting herself that he's off with the boys Getting himself into all kinds of trouble and he's just delayed in his coming What a godless woman right in her misplaced sympathy for her son To debora and barric singing this song There's a certain sense of justice. Can't you hear it? See it there in the white space between the words There's a certain sense of justice in the notion that she sits at home waiting and weeping for a son who will never come back right vane hope prideful and delusional woman God casts down the proud and gives grace to the humble This is not unlike the wicked hayman The wicked hayman builds the gallows Believes that he's got mordecai dead to rights Right i'm gonna hang mordecai on these gallows that i've built And then he has hung himself on the very gallows that he has made listen If you are on the wrong side You may have experienced what you believe to be a victory here or there as certainly The mother of cissura believed But it will not end well for you It will not end well vane hope Will certainly end in everlasting shame vane empty pointless meaningless unbiblical hope Will certainly end in everlasting shame And you should be warning your sons and daughters with the same message Warning them unlike the mother of cissura Judge yourselves lest you be judged by god with the world Well this song victory song of celebration comes to a conclusion in verse 31 Thus let all your enemies perish. Oh lord Thus let all your enemies perish. Oh lord. Let all those that despise you.   Do you see? Unless you repent you will likewise perish What about those who stayed behind resolved not to obey the word of god unless they repent they will likewise perish This in verse 31 is debra praying Thy kingdom come Thy will be done on earth as it is in heaven That's what she's praying here in verse 31. Thus let all your enemies perish. Oh lord but God knows how to cast down the proud, but he knows how to give grace to the humble But she finishes let those who love him Be like the sun when it comes out in full strength The word for love here verse 31 is the word ahav. It's far more than mere emotion The word carries the sense of covenant commitment A commitment to the lord the bible says that god shows Hesed loving kindness His covenant love for his people is a hesed love. It's a loving kindness And it's for those who ahav those who love him and show that love through a commitment to keep his commandments It's love him and keep his commandments Those who love him in this way Those who will be like the sun when it comes out in full strength in other words those who will be glorified Are those who love him and express that love through faithful grateful joyful obedience Proverbs chapter 4 verse 18 The path of the just Is like the shining sun That shines ever brighter unto the perfect day The way of the wicked is like darkness They do not know what makes them stumble And so the record of the workman's hammer comes to an end in verse 31 And so the land had rest for 40 years The overwhelming defeat of jaben Cicera and the canaanites is evidence that his ultimate victory is imminent God wins this victory pointing forward to the fact that he will win all of his victories And there is an ultimate and final victory coming Those who love him through faith in jesus christ Will have their rest with him not for 40 years But into eternity amen amen. Let's pray Father in heaven, we love you Our desires to be faithful to you our desires lord not to receive the grace of god in vain but to Place ourselves humbly Under the word of god under your revealed will to obey you to love you to serve you in faith lord and to be faithful with all that you've given us With all our heart soul mind and strength to love you to worship you to praise you to serve you Into eternity We praise you and thank you lord that that is Not in our own strength, but we have your spirit to strengthen us your spirit to guide us and direct us And we need you lord in this help us Help us lord protect us from being like mara's protect us from being vain and Shallow in our commitment like rubin or gilead or dan or asher in this particular situation lord help us protect us from certainly from being like those proud those opposers of god Like abimelech or like Jezebel Heyman Lord and help us to serve you in faith and obedience and love and devotion Thank you lord for your word and instructs us Give us faith lord now to follow you in it in jesus name amen