Hello and welcome to the session in which we will discuss worthless securities and section one two four four stocks We're gonna start by discussing worthless securities. What are securities? Securities are any stocks bonds notes and worthless mean when you have those notes and they go down to zero Now in case you're hearing some background noise. This is it's tundering out there. So just FYI It's really raining and tundering Now I have my own experience with worthless securities during the dot-com of 99 I purchased stocks in a company called global crossing That's the company that laid down the fiber up the cables for the internet, you know across the oceans And what happened is this I bought this company a little bit late and it's a growth stage Well after they allow that lay down the cable the the company had no cash really It was not generating any cash and it went out of business Therefore my stock went down to zero now when that happened you assume the stock went down to zero During the last day of the year during the last day of the year So if it happens April 2nd Well, you would say well the date of my worthless securities the transaction took place at 1231 for that year What type of deduction do you have that's very important? So let's assume you purchase the stock March 1st of 20x1 Then the stop then the stock goes down to zero the following year February February 4th 20x2 Okay. Now. This is less than a year. This is approximately 11 Month Well, this is short term. Well, no it doesn't what you would do You would assume that you held the stock from March 1st 20x1 Until December 31st 20x2 and this makes it a long term Capital loss now assuming you purchased it in March and it went bust in May, June, July During that year x1 then it will be short term. Now. Remember losses will give you a deduction a Capital losses give you a deduction maximum of three thousand or you can use them against capital gains Now we need to discuss with a section one two four four stock 1244 stock Before we proceed any further. I have a public announcement about my company farhat lectures comm Farhat accounting lectures is a supplemental educational tool That's gonna help you with your CPA exam preparation as well as your accounting courses My CPA material is aligned with your CPA review course such as Becker Roger Wiley Gleam miles my accounting courses are aligned with your accounting courses broken down by chapter and topics My resources consist of lectures multiple choice questions through false questions as well as exercises Go ahead start your free trial today Section 1244 stocks are stocks of companies that don't exceed one million dollar in the money raised So the total amount or other property received by the corporation for the stock as a Contribution to capital which is common stock or paid in surplus does not exceed a million dollars simply put the company started and The maximum when they started they debited cash or other property for a million and their common stock or capital surplus Or whatever you want to call the equity does not exceed a million. What are we talking about here? We're talking about small business small businesses. You might be saying a million dollar is a lot of money Well for you and I is a lot of money, but when you look at corporation and you compare Those corporation million-dollar corporation to billions and now Apple and Google are trillion-dollar corporation Those are small businesses. So what happened if you invest in those stocks and those small Business stock. Well, what happened if you invest in them? You're gonna get the best of two words So when it comes to taxes, you're gonna get the best of two words if you have a game on that stock Well, it's gonna be taxed as a long-term capital gain Even if you held it for less than a year, it's gonna be long-term capital gain So it's gonna be taxed either zero, which is no taxes 15 or 20 percent Depending on your long-term capital gain. It's never considered ordinary income even if it was short-term capital gain Then what about a loss? Well, when you have a loss, the loss is considered ordinary loss Well, what does that mean? It means it's not a capital loss. There's no three thousand dollar limit on 12 section 1244 stock So ordinary loss Treatment per year is limited to guess what? $50,000 if you're single and $100,000 for married filing jointly and that's a lot of deduction This means you can take the losses against your W2 wages up to 50,000 if you are single Now losses that are in access of this amount whether it's 50 or a hundred thousand dollar They are treated as capital losses for future years Which you can either use against your capital gains or start to deduct three thousand dollar per year Now why the generosity? Well, Congress wants to encourage Capital providers it means investors people with money to invest in small businesses How do they encourage you to do that? Well, they would say go ahead and invest Your gain will be treated as a long-term long-term capital gain and if the business did not succeed We're gonna treat your losses as ordinary losses. That's the best of both words And the reason is to create more job and stimulate the economy by encouraging People people with money to invest in other small businesses. Let's take a look at an example for section 1244 stock Let's assume Adam purchases from XYZ corporations stock costing 170 so Adam invested in this corporation the total common stock outstanding for this company is 800,000 This makes it section 1244 stock The following year 20 x 8 Adam sells the stock for 80,000 it was for 90,000 It was not a good investment Adam generated losses of 80,000 dollar now Adam is a single taxpayer So losses of 80,000 dollar here. So how we're gonna treat this of that? 80,000 dollar 50,000 will be considered what will be considered against? Ordinary losses and it'll be used against w2 wages or any other ordinary income. What's left is? 30,000 the remaining 30,000 it's gonna be considered long-term capital loss It's gonna reduce future capital gains in future years or you can deduct 3,000 of it You know and the next following that are the following years until it's used up Let's take a look at another example Adam and Maria file a joint return salaries were 130,000 loss on sale of section 1244 stock purchase two years ago 120,000 that's a loss Gain on sale of section 1244 purchase seven month ago 27,000 Non-business bet that 12,000 computer adjusted gross income or simply put what's the net gross income? Well, here's what's gonna happen. The first thing we're gonna take a look at is salaries. They have 130,000 in salaries We're gonna be using 100,000 of this remember. They are married filing jointly. You're gonna be used 100,000 To deduct it against their salaries their married filing jolly. They could deduct up to 100,000 Remember, this is section 1244 now. They still have losses of 30,000 next thing you do is you will take their gains on sexual section 1244, which is long-term capital gains and you will deduct this against short-term Capital loss non-business bet that remember non-business bet that is always short-term capital loss So let's do that. So we're gonna take 27,000 of gains minus 12,000 of capital losses. We're gonna have 15,000 of now Section 1244 gains now What's gonna happen is we're gonna have sorry. We're gonna have 20 30,000 dollar left from salary. So salaries $30,000 still taxable and we still have from the 120 gains Let's take a look at another example Adam and Maria file a joint return salaries 130,000 Loss on sale of section 1244 stock purchase two years ago 120 Gain on sale of section 1244 stock purchase seven month ago 27,000 Non-business bet that is 12,000. Let's compute their taxable income or adjusted gross income It doesn't matter what what do you want to call it? Let's go ahead and perform this computation The first thing I'm gonna do is of this 120,000 since this is a loss on sexual Section 1244. I'm gonna use 100,000 of it against salaries Why because I can use it although it's It's it's a stock, but I can use it against ordinary income. So I'm gonna use 100,000 of section 1244 Therefore what's left in my taxable income is 30,000 now what's left from this 120 is 20,000 of losses that I'm gonna take section 1244 stock purchase seven month ago, which is long-term Capital gain and I'm gonna reduce it against short-term Capital loss remember non-business debt is a short-term capital loss We looked at this in another session. Therefore if I take 27 of gains 12,000 of short-term capital losses what I'm left with is 15,000 long-term capital gain now What I'm gonna do that 15,000 long-term capital gain now. I'm gonna be using the of that. I'm gonna be using 15,000 of long-term capital loss long-term long-term capital loss and Reduce this to zero that I'm gonna have left some since I reduce this since I used up 15,000 out of this loss what I'm left is 5,000 so basically the gain is all gone I'm left with 5,000 and of this 5,000 what can I do? I can deduct 3,000 remember I can take $3,000 per year. So I'm gonna take this 3,000 so I'm gonna reduce this 30,000 by 3,000 now my taxable income what's left is 27,000 and of the 5,000 I still have 2,000 capital loss I can use for future years Few things to remember here the first thing what students make the common mistakes that student make they take the losses and the gains From section 1244 and they net them don't make this mistake because the government Gives you the option not the option the right to take the losses of 12 section 1244 against your ordinary income You can deduct 100,000 the first thing you do your best interest is to reduce your salaries We reduce the salaries to 30,000 and We kept the 20,000 for later then we reduce the 27,000 long-term capital gain Against the short-term capital loss and that kept us with 15,000 then we used the 20,000 From the losses to reduce the game down to 0 with left with 5 we can deduct an additional 3,000 this year and the remaining 2004 future years what should you do now go to far hat lectures and look at mcqs. That's gonna help you with Worthless securities and section 1244 stock. Good luck Study hard invest in yourself whether you are a CPA candidate accounting student or an enrolled agent and stay safe


Dear students, this is the last module of our course and I'll be summarizing some of the interesting opportunities that exist if you complete your degree in bioinformatics. So specifically I'll be talking about careers in bioinformatics. You know that Pakistan is a third world country and we do not have a lot of infrastructure at our disposal. Big labs in the US and Europe, they have millions of dollars at their disposal and they have some fantastic instrumentation to perform science. However, in Pakistan we do not have those high resolution next generation instruments. So essentially we are an infrastructure starved country in terms of science and technology. But to our rescue has come the digital revolution. The data that is being produced from these very, very expensive instruments in US, Japan, Europe, Australia, Canada is now available online. So with the digitalization of this data and its availability through the internet, we in Pakistan have access to this data. So by simply obtaining these data sets and processing them, analyzing them, you have the capacity to make novel discoveries. So this is in fact a God sent for us that the investment that is required to buy those instruments is not needed anymore. I think that the emergence of data and its importance as the most expensive and important commodity is going to shape this century for us. Specifically health related data, that is the data that is coming out from patients or biological experiments. So this data is going to be a key commodity. In fact, it is already a very, very expensive commodity in the global market. So since health and disease are the primordial problems of mankind, we have been facing them since we are born. This is going to be a very exciting time for health data. Now coming back to Pakistan, this is a very unique opportunity because all the bioinformations need is a good mind and an internet connected computer. So once you obtain this data from the internet and you have the intellectual skill to explore this data, then you can make all these discoveries that are being made in the western hemisphere. So this is an opportunity that is beckoning us to undertake bioinformatics even more seriously. So let me give you an example of a one man company. Given that we have the PDB and the Uniprot and these databases, interaction databases on the internet, you can simply sit down on your computer. You can study each one of these databases, look at the data that is present within these databases and come up with computational algorithms and pipelines to process this data in such a way that you make novel discoveries. Big companies such as Pfizer, Roche and others, they're already trying to do this. However, given that we in Pakistan have a lot of intellectual potential in computer science and algorithms and mathematics, we are uniquely placed to exploit this data. So you can make a one man company that is you and your computer and you can mine this data that is available in the databases and make a product out of it. So this can be a very profitable proposition for you. In this way, you can design drugs, you can treat patients at least in the in silico world. For instance, now we also have big data from hospitals. So these huge data sets, they need to be processed as well. And you can make another startup company and you can process this data and predict disease outcomes, biomarkers, drug combinations, personalized therapeutics amongst others. So as I mentioned, all it needs is a basic software development skill and access to these high resolution data sets. You know that once Google came, then there was a major disruption in the world. Now Google is valued at nearly a trillion dollars and others like Microsoft, Apple, Uber and these new groundbreaking companies are making billions of dollars every day by simply managing the data. Now I think the next big disruption is going to come from the health informatics world, wherein health information or biological information is going to be processed in such a way that you can come at novel insights, novel drugs and novel treatments for diseases such as diabetes, cancer and cardiovascular disorders. Already very big pharmaceutical companies in Switzerland, in UK, in America, they are investing heavily in bioinformatics towards undertaking such endeavors. Now towards finding a job after completing your degree in bioinformatics, so firstly you can get a very good job in pharmaceutical giants such as Roche or Pfizer. So if you have a good skill in bioinformatics and if you can display your skill in such a way that the companies are convinced of your potential, then you can get very nice jobs within Pakistan and abroad as well. Next you can work in research centers and universities which are involved in biological research and are in a dire need to find good bioinformatician. Also you can look at the diagnostic companies and hospitals that have now sprawling IT setups and they would want to have a computational biologist or bioinformatician to manage this data and to mine the data that is there within their database servers. Last and most important, you can make your own startup company and you can design a drug and you can do virtual screening and you can make it public after of course getting a patent for it.


Daily Tech News show is made possible by its listeners. Thanks to all of you, including Andrew Bradley, Dale Mulcahy and Matt Zaglin. Coming up on DTNS is the age of brain computer interfaces upon us plus Google cracks down on productivity and Nika Monford highlights how bees helped one entrepreneur build a better supercomputer. This is the Daily Tech News for Monday, August 1st, 2022 in Los Angeles, I'm Tom Merritt. And from Studio Redwood, I'm Sarah Lane. And from just outside of Atlanta, Georgia, I'm Nika Monford. And on the show's producer, Roger Chang. We have bees to get to as well as brains, but no brain surgery, at least in one case. Let's start with a few tech things you should know, not that one, that one. Apple added Apple Pay Web support for third-party browsers in the latest iOS 16 beta. Developers confirmed Apple Pay works in Chrome, Edge, and Firefox browsers on iOS. The register points out that this may be a response to draft legislation in the EU's upcoming Digital Markets Act. Last week, Elon Musk filed a confidential countersuit against Twitter in the Delaware Court of Chancery. That's where Twitter is suing Elon Musk. The countersuit is not public, but a version could be published with the sensitive details redacted. Also, Twitter investor Luigi Crespo filed a proposed class action lawsuit against Musk for alleged breach of contract and breach of fiduciary duty to Twitter's shareholders. Twitter's lawsuit against Musk over the deal is scheduled to begin October 17th. So not at all messy, as expected. Tim Hortons reached a proposed settlement and four class action lawsuits in Canada over accusations that it used its mobile app to frequently collect sensitive location data on users. The fast food chain would offer impacted users a free hot beverage and baked goods worth roughly nine Canadian dollars, as well as permanently deleting the data. The settlement still needs court approval. Also won't be messy. Nobody's gonna mind, right? Nope. The Economic Times of India's sources say that the Indian Food Delivery Service, Zomato, a name that I have to say I really like plans to rebrand itself as eternal. The rebranded company would include its subsidiaries Blinkett, HyperPure, and Feeding India. Those would act as peers under a single organization under CEO, Depender Goyal. Let's hope it remains eternal, or that's a terrible name. Twitter began testing a way to get more app usage from people who say, am I really ready to sign up for Twitter? This will let people use the service without an account with a feature called Try Twitter. It's offering limited functionality to some users on iOS, which lets them read tweets, follow up to 50 users, and also get notifications. So it's limited usage, but still Twitter usage. Product manager Laura Berkhouser said that the idea is to allow users to get the Twitter time on experience without the extra step of account creation. Genius and about 10 years too late. Like, you know, if Twitter is a place where people follow stuff, make the following easy. This did they show in the same time ago. Let's limit your usage so you get used to us. All right, let's talk a little more about the brain. Let's do it. So Wired's Grace Brown has an article up called the age of brain computer interfaces is on the horizon. Brain computer interfaces or BCI generally means a device that reads signals from the brain and then uses those signals to trigger actions like moving a robotic arm or controlling a cursor on a screen. The devices don't read minds as much as they're detecting unique signals and then learning how to interpret them so the person gets the thing they want to get done, done. Takes training on the algorithmic side and also the patient side. So Tom, what is the new news here? On July 6th, the company called Synchron successfully implanted its BCI in a patient in New York. It's the company's first implementation in the United States. Synchron is one of two BCI devices approved in the US for implantation. The other is the Utah Array from BlackRock Neurotech. That one requires brain surgery.  Synchron's device is less invasive. It's a mesh about the size of a AAA battery. So pretty small. You implant that through the veins so you go into the jugular and up into the brain's veins requiring no cutting into the skull. The mesh then nests in the wall of the blood vessels in the brain where it can receive the signals.  Synchron surgery will let you go home the same day as implantation, I guess it's implementation of the implantation. Synchron's devices implanted in four patients in Australia over the past year and indicated prolonged use was safe. You might've heard Tom's description and saying, this doesn't sound safe at all. Well, indications are that it is. The implantation in New York is the beginning of safety and feasibility studies to see how well this can work with different people. Synchron hopes to have it implanted in 15 people by the end of this year. They also wanna find out if it improves a patient's life. If it does, the company can apply for FDA approval to make it available under Medicare. The next step after that might be wider commercial availability for non-medically necessary reasons. And with that comes quite a few ethical considerations. For example, who owns the data on your brain? If it's collected, where does it go? If a company goes out of business or gets bought or just ends support for some sort of device that you have used or you may use in the future, it might be in your brain. So who pays to get it removed or updated? Yeah, these are starting to become practical questions, not just academic questions, because if you noticed, we said it was Synchron's first US implantation. Not the first US implantation at all, not Synchron's first implantation, Sarah just mentioned, they did for in Australia. So there are other folks with other BCIs implanted. One of those people is Ian Burkhart, paralyzed from the chest down, who uses a BCI to control muscle stimulation to restore finger and wrist movements. He leads the BCI Pioneers Coalition of BCI users sharing their experiences and advocating for safe development. So they're trying to say, we need these, we need them to be done safely. And if they're done safely, then we can get more of them and get more advances on them. The group wants to establish, quote, best practices for future patients, clinicians and commercial entities engaging with BCI research. Because I imagine there's more than one of you that shuddered a bit at one part or another of this story and yet it's life changing for the people who have it. Nika, what do you make of this? That's exactly what I was thinking. For me, I would probably not want to get this because again, tons of ethical issues, health issues, but for people like Ian, this is a life altering type of technology. So I would probably say for extreme cases or cases where improvement and quality of life is significant, then this is probably something that people in those situations will be probably more open to you than just someone who has functioning limbs and body parts and are just not encumbered by any type of health issues. I mean, as somebody who's had some brain issues in the past, I've never had really limited mobility but definitely brain triggering unwanted actions in the rest of my body. I feel like if I was a candidate for something like this and I felt confident enough that my life could be improved on the other side of it, I'd be really interested. But yes, this whole kind of the ethics of who has the data? What could the data mean for anything that I could do in the future if I got put into some sort of category with other people who had enough of the same, I don't know, neuron activity that I did, whether or not that was known to me or something that could negatively impact me in the future, all very important questions that I just don't think we have the answers to yet. Yeah, and I could see a tech backlash against this, reducing the usefulness of it, putting too many restrictions on it that make it harder for the people who do need it to get it. That's why I was fascinated to find out that BCI pioneers existed and is a very small number of people but very organized and active to say, let's do the right thing with this technology from the beginning. I think that that is unusual to see that level of organization around something. And that could lead to a safer implementation of the implantation later on down the road that lets us have less medically necessary things that are also less invasive than even the Synchron one that we were talking about that could provide some enhancement to life that is not as problematic both on the, like having to be surgery, maybe it could be on the outside. We have examples of that where it can just, skull caps that's on the brain, but more importantly, having pioneered the ethics from the beginning.  For sure, and starting on the health end rather than on the vanity end, I think is also a huge benefit as well. Well, folks, if you hear a decades old song all of a sudden appearing on the billboard charts, it usually means one of two things. Either a new season of Stranger Things has dropped. Congratulations, Kate Bush. Or the song blew up on TikTok, or possibly both. By design, TikTok is already very much a music discovery platform. It was built partly on the bones of Musically. But it looks like, Sarah, it might be trying to expand that role a little more. And indeed, Insider reports that ByteDance filed a trademark application for TikTok music in Australia followed by an application with the U.S. Patent and Trademark Office on May 9th listing a service that would let users, quote, purchase, play, share, download music, songs, albums, lyrics, live stream audio and video, edit and upload photographs as the cover of playlists and comment on music, songs and albums. Now, a lot of this is already done on TikTok, but not in much of an official sense. Other use cases include live stream audio and video interactive media programming in the field of entertainment, fashion, sports, and current events. Now, you might be thinking to yourself, wait a minute, I think I live in India and I know ByteDance is a big giant company that already owns a music streaming app here. And you're right, those of you who thought that, it launched a music streaming app, Resso, in 2020. That's spelled R-E-S-S-O. It's available not only in India, but in Brazil and Indonesia as well. It's not clear if TikTok music would be built on Resso's platform or not, they might, they might not. But if you look at the implementation of Resso in Brazil, TikTok redirects users to full songs on Resso if they wanna find out more about them. That certainly seems like a likely integration for TikTok music. Resso has licensing deals with Sony Music Entertainment, Warner Music Group, Merlin and Beggars Group. It does not have a deal with UMG, Universal Music, at least not yet. Now TikTok does, they just couldn't get it for Resso. So I, I look at this and I think a few things. One is, I used to use Shazam with Google Music before Apple owned Shazam and it was always difficult to get the song I recognized in Shazam to open up in Google Music, but I could do it. It was easier once I switched to Apple Music even before Apple owned Shazam to get something to open up in Apple Music. They just, they implemented it better. I could see TikTok being able to take advantage of that and say, hey, wouldn't you like to have this TikTok music service? The key is it's gonna have to be really easy to use. Like you could, should already get a version of it, a free version of it with your TikTok account. And it should be a really good music service if you wanna get people to pay extra for it. Nika, what do you think?  Probably not, cause I rarely use TikTok itself. I see TikTok when it comes over to Twitter, but I think it's very useful in the fact that, again, these songs go viral and it's only these short clips and it's like, what's this song? What's this song? It sounds familiar, but I don't know exactly what it is. So the ease of being able to get to the song, that's the song of the moment from TikTok straight to a music source, I think that is probably a bit of a game changer. But what I do wonder is, does this TikTok music, is it going to take away from sort of the organic nature that things happen on TikTok? Now putting some structure around it, is that going to change people's, I guess, perspective or engagement with it being quote unquote official rather than just something that organically happens on the app? I kind of thought the same thing, Nika, is TikTok is obviously banking on the fact that enough people are going to want and already do want the service. I mean, I'm one of those people.  Oh, it's Harry Styles. Okay, I didn't know that song already, got it. You know, I'm an old, so I don't always know Harry Styles from the radio. But what's radio anymore? I think at the same time, it making it easier for TikTok users to make the most of popular songs maybe makes the whole thing feel a little less special. I'm not trying to be a naysayer here.  It's like, they don't need me to, you know, champion them too much. But I wonder how much this kind of just becomes a, everybody can do it. It's old hat at this point. Yeah, I think it's interesting too that they're doing live streaming as part of that trademark. Now that may just be because they want to make sure they integrate it tightly with TikTok, which already does live streaming. But if they made it like the really easy way to do a DJ set on TikTok music, something they already can kind of do on TikTok, but full songs aren't as licensed as the clips. I don't know, there's some interesting stuff they could do there. It's like a versus thing. For sure. Well, it's time again for techie while black. This is a segment where Nika shines the light on a technology leader. You might not have heard of yet, but it's very important and you'll be glad she told you all about. So Nika, who are we highlighting in this episode? So this individual is quite interesting. He is Philip Ime Aguali. He is a mathematician, engineer, and computer scientist. So before we get to kind of where we are now, you have to go back a little bit to kind of get the overall picture. Dubbed the name Calculus by his schoolmates at 14 because he had mastered the subject of calculus that early, even so much so that he out calculated his teachers. So he kind of got that nickname. So you have this young kid who's super smart, can pick up math without a whole lot of effort, but on the other side of that, due to war conflict in his home country of Nigeria, his parents had eight of the children and they just couldn't afford to continue to pay for his education because in most African countries to get primary, elementary, high school education, you have to pay for that. He had to ultimately drop out at around that same age. He got dubbed the calculus, but he was able to continue self-study, which ultimately led him to immigrate to the US at 17 on a scholarship to Oregon State University. So he gets to the States at 17, he ultimately earned not only a BS in mathematics, but he goes on to earn two additional masters and a PhD. So out of that initial struggle, he goes on to get all of this additional education. Now, there are a couple of things that he is most noted for and is primarily in the supercomputing space. He's most known for his invention that is based on the study of Bs. Now, you may think, how is Bs going to relate to supercomputing? I usually run away from Bs. This guy figured out how to make a supercomputer off of him. That's amazing. Right, it's really fascinating. And that's the thing that really kind of drew me to this story is that he saw how inherently efficient the ways Bs construct their hives and how it works with the honeycomb. And he was able to determine just from seeing how Bs naturally work, he was able to determine a way that computers could emulate that process and could be more efficient in computing. So in 1989, by using what he'd learned from emulating Bs, the Bs honeycomb construction, he designed and programmed the, he designed the program and formula with the connection machine to use 65,000 processors to run the world's fastest computation, which ultimately performed 3.1 billion calculations per second. Now, I don't know how the mind works to get from B construction to designing and formulating a program that runs the world's fastest computation, but ultimately what he was able to design, the systems that he was able to design from this as a part of parallel computing is basically used in all search engines. Yahoo, for example. So it's one of those things where it's like, wow, that's how do we get here from there? So that's one thing that was pretty fascinating to me on that front, but that's not all. He was also able to use his, this what is called a hyper ball computer that he designed. And this allows for the forecasting of long-term global compatibility. So we go from supercomputing with bees over to forecasting global warming patterns. So the mind is a very interesting thing and the way he was able to take just real world things that you see and parlay this into something that we all use on a daily basis is pretty fascinating. So to kind of wrap it up, in addition to this work that I've kind of laid out that he did, this has earned him undoubtedly awards. IEEE's Gordon Bell Prize, Netsby, which is the National Society of Black Engineers, their Distinguished Scientist Award. And there's one other thing I think on there that he was able to get from that that I cannot see. National Technical Association's Computer Scientist of the Year, is it that one? Yes, that's the one. So yeah, so that is, it's fun when you have so many accolades that you can listen to all of them. You're like, and there was another really cool one. There was another really good one. And those are just kind of the top three.  But yeah, bees. Thanks to the bees for inspiring Dr. Emi Aguali. And thank you, Dr. Emi Aguali. That's awesome. And thank you, Nika, for telling us about it. Folks, if you haven't thought about something on the show, but you don't know our email address, let me solve that feedback at dailytechnewshow.com. Given the last quarter of tech earnings, it's not surprising to hear a lot of talk about belt tightening across the tech sector. Most companies aren't announcing layoffs, but they are announcing slowdown and hiring for open positions. Microsoft calls this a strategic realignment. Apple said it's being more deliberate with its hiring and meta is being more deliberate in recruitment. Yeah, so for the first two quarters of 2022 this year, Alphabet hasn't been exactly what you'd call cautious with hiring. In fact, 2022 has been its biggest hiring ever, at least in terms of years, increasing its headcount 21% on the year in Q2 to over 174,000 employees. That is a not insignificant city. But after lackluster earnings, the company announced as some other companies have, a slowdown hiring through 2023. CEO Sundar Pachai is now asking employees to become more productive. Yeah, last Wednesday at one of those employee meetings, all hands meetings, Pachai told employees, quote, there are real concerns that our productivity as a whole is not where it needs to be for the headcount we have. He added that employees could help, quote, create a culture that is more mission focused, more focused on our products, more customer focused. We should think about how we can minimize distractions and really raise the bar on both product excellence and productivity. So Pachai did what any good engineer might do to solve a problem, he launched a sprint. He called it the simplicity sprint. It runs through August 15th, asking employees for their ideas. Example questions include, what would help you work with greater clarity and efficiency to serve our users and customers? Where should we remove speed bumps to get better results faster? How do we eliminate waste and stay entrepreneurial and focused as we grow? Nika, I know you have a familiarity with sprints. Yes. Yeah, so in my work, I am, I've mentioned before, I am an engineer and the work that we do on the software side, in conjunction with the hardware side, we run sprints. For our work, we do two-week sprints. We have an overall kind of plan that's longer, maybe eight to nine weeks, and then you kind of chop up that bigger chunk into two-week increments. So you can incrementally improve and get work done. That's worked for us. You have to refine and tweak things as necessary. Some things take a little bit longer, some things take a little bit shorter. So it's really, as it suggests a sprint, you run a short distance, and then you kind of see what happens and you run another short distance and kind of see how you get from there. But it's one of those things, this is a very interesting concept that he has. And I'm a little surprised that they don't already run that type of, I guess, program is not the right word, but I'm surprised that they don't run sprints already over there unless they do. I'm sure they run them on individual projects, but it doesn't sound like they've done a lot on productivity and efficiency, at least not company-wide anyway. Right, and that's a very interesting concept, how you can have it kind of at the micro level, but not have it at the broader level. So that's interesting, especially for a company that large and has been that large for quite a while. Yeah, what struck me as, I don't wanna say poor timing on Google's part because Google could not have predicted a pandemic where a bunch of people were working from home for the first time, maybe ever, having worked for the company. Obviously with almost 200,000 employees, Google has some remote working that has been done for a long time, quite a bit more over the last couple of years. So with an economic downturn that's hitting large tech firms and small, but certainly large tech firms have to deal with it as well. For the person at the top saying, hey, we just wanna know what you think could be better about the company. Probably questions that should have been asked a long time ago, you're probably gonna get a lot of people saying, well, I hate my boss, so you can do something about my boss because that person sucks. But I think that so many folks are trying to get back into the new normal and like what's the new rhythm? And maybe I'm being optimistic here, maybe you start getting some thinking outside the box stuff that people might not have been comfortable bringing up in the past. Yeah, you have to remember, at least this is the way I look at it, Google is a money printing machine. It has been a money printing machine since the mid-2000s. When your company doesn't have to work as hard to make the money, which Google has not, you don't focus on things. You can do things like 20% time. You can spend money on chefs in the house. You can be a little lavish. You don't have to count every penny. When the ad market starts to dry up, when you get more competition from other companies, when there's inflation, when there's a war, when there's COVID, when that profit margin starts to be attacked, it focuses the mind. And so, yeah, I agree with both of you. Like Google should have been looking at this a long time ago, but they didn't have to till now.  We should probably milk a little more productivity out of each hour in these 174,000 people we have. Yeah, now they're on the more of the reactive end rather than proactive. And you would think if you have that much, you know, room ahead, you would kind of start to think about, you know what? This gravy train is probably not going to last forever. Even though we've had a good run, we should probably start to think about what could happen. And we've seen how long the pandemic has gone on. So you would think maybe kind of up front, they would say, hey, let's, we don't know what's it's gonna go.  And if it, you know, after the pandemic, we didn't know how long it was gonna last. And it's like, oh, if it only lasts three months, then hey, we've given ourselves even more runway to kind of run. So I'm surprised that they didn't, you know, give it a little bit more forethought in how they were going to make this work. Well, let's move on to, well, back to music in fact, since we talked about it earlier in the show, K-pop stars, Blackpink, very, very popular. If you don't know them, where are you been? I didn't know them until Tom and Eileen told me about them.  It's kind of cute. You're probably pretty pumped about the world tour, which starts in October, but Blackpink has also recently collaborated with Pub G Mobile, which featured the group's first ever in-game concert, including a new video for a song called Ready for Love that takes place inside of the game's world, performed by virtual avatars of the band in a post-apocalyptic landscape, riding motorcycles across abandoned highways. Looks fun. You might say, well, hold on, didn't Fortnite do this with some success? Travis Scott had a concert, Ariana Grande had a concert. And yeah, you're right. Riot also tried multiple virtual music projects inside League of Legends with a K-pop group KDA, also the hip-hop group True Damage. Virtual influencer, Makayla, also debuted a music video at Lollapalooza, and Pub G's parent company, Kraften, is working on a virtual human of their own, a pop star named Anna. Blackpink's in-game concert called The Virtual ran over the two past weekends on Pub G Mobile. Tom feels very Coachella to me. Did you tune in? Yeah, I did. I am a blink. And I jumped in there and I took a look. It was short. It was kind of fun. I think we're more excited about an actual album release date and an actual tour than this, but it was interesting to see the avatar representation. I think you're gonna see that more often. And I think it was interesting to see Pub G try to get in on it too, saying Fortnite's been getting all the attention. Let's partner with, arguably, the second biggest K-pop group on the planet, Blackpink, and get some attention on us. Well, thanks to everybody who writes in with lots of suggestions on what we should talk about. As Tom mentioned, feedback at dailytechnewshow.com is where to send those emails. Thank you in advance. And also thank you to Nika Monford for being with us today and bringing all the knowledge as usual. Nika, what's been going on in your world and where can people keep up? People can find me over on Twitter at techsavidiva. You can also, that's my handle, pretty much everywhere on social media, but you can also check me out on SnobWestcast, my podcast with Terrence Gaines, where we talk all things Apple and then some, so you can catch us on Wednesdays for our live recordings and Friday for our public show. Excellent. We also have some brand new bosses to thank. It's Monday. We had a good weekend. Andy, Jack, John, and Jeff all just started backing us on Patreon.  The new FAB4. Thank you. Yeah, Andy and the Jays. Andy and the Jays. Yeah. Speaking of page. Next thing K-pop out. Yeah, likely. Get it all together, guys. We'd like to see you dance by next week at the earliest. Patrons, stick around for our extended show, Good Day Internet. Just a reminder, you guys can catch this show live. We do it live Monday through Friday at 4 p.m. Eastern, 20 hundred UTC. You can find out more at dailytechnewshow.com slash live and we're back to you all again tomorrow to talk risk five with John C. Dvorak. Talk to you then. This show is part of the Frog Pants Network. Get more at frogpants.com. Timing Club hopes you have enjoyed this program.


is a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at<PHONE_NUMBER>. Let's go to Alan Homasa. Hey, Al, what's going on? Isn't it wonderful? This gentleman here with the gold report right before the market fell apart ended up with P-A-A-S. We have a 98% gain in a year. And I mean, we want 99% proof like Irish whiskey, but we had a good gain there. He always told us to do what we feel comfortable with. And I lose a little bit of money on the table, I will, but I know that I just pocketed $8,000 or $9,000 in two weeks. That's a beautiful thing, man. Now, Tom O'Brien. Oh, welcome, folks. This is Tom O'Brien of TFNN. We have five days a week. We go seven hours a day. We go 24 hours a day on the internet at TFNN.com. Always remember, folks, whatever you think about, you bring about whatever you focus on. Gross hope everyone's having a great day, safe day. It's making a great night, folks. Kicking into April 1st tomorrow. You're going to love it. Be impeccable with your word. Manifest your true intentions. Regardless of what language you speak, your intent will be manifested through the word. What you dream, what you feel, and what you really are will be manifested through what you say, each and every day. Market-wise, let's take a look at it out here. We have the Dow Industries down 178. Nasdaq's off 32. S&P's off 16.5. Gold contract up $9.60 straight in 1943 and ounce. We have Silver down 5 cents. $25.00, 6 cents an ounce. Light sweet crude off $7.00, 12 cents. A barrel, notes and bonds. A 10-year note, up 7 ticks straight in 122.27. The 30-year up 19 ticks at 150.01 and King dollar. King dollar's up 474 ticks straight in 98.265. Euro 110, yen 121.57, the British pound at 131 to one US dollar. Our phone number's<PHONE_NUMBER>. Give us a call, folks. One note's going on in your world. In the world of the S&P's, let's take a look at them. What do you have? Well, so we got the ABC structures up and the S&P as well as the NDX100. The way this market's trading, you should start looking for some short positions here. That's the bottom line. I suspect, well, you're going to see out here tomorrow, I think we're going to have an upmarket tomorrow and the reason I do is this. Wednesday, you had a high volume high. We're laying out at 86. Well, first off, the price projection inside the spy, folks, okay, is 478. Thos file, we've made it to 462. That was Wednesday. Now, yesterday we backed down, so we had a high of 86 million. You backed down with 79, and you can see today, though, you're only at 46. So you covered the gap that was there and you don't have any selling. So that's telling me that, you know what? This thing's going to try to finish off, but I think when I look at the broader market, when you look at a lot of these equities, a lot of these equities have broken down. There's a lot more that are breaking down. So we'll see where it shakes out. My take is that this is the last lunge forward before we come back downtown again. That's in the spy. NDX100, the setup actually looks even better. And we know that the NDX100 is the weakest indice. But right now, it's deviant, man, and right now it looks like it rejected. That went to the gap of 365.01. We hit 364.34, and guess what? It's rejected it, and we will have lighter volume. Right now, we only get 40 million shares. This thing will maybe do about 52 million. So what that's also telling me is that, guess what? Bottom line that can push this thing up. And the price projection of the cues is a lot lighter also than the spy. The cues were never basically saying they're going to the high. They say they're going to 390. So we'll see whether it can make it, but it's a heads up, man. Gold, gold contract out here we'd have with the gold contract. We get it sideways to higher move. I want to see more contract volume though. We only have 136,000 contracts. It is peaking its head up. That's the bottom line. Still like to see a lot more contract volume. And I suspect we'll get it, but the bottom line is not here right now. You know, that's how that's shaken up. And good old King Dollar. We go take a look at King Dollar. What we have a King Dollar out here is that it saved itself. I mean, quite clearly too, this is pretty wild. The bottom of this rectangle, we'll see how this shakes out. And we'll also see if in fact the dollar can basically stay higher as we come into the close. Because what we've seen many times is this. We've seen the aspect that little King Dollar, if for some reason it likes to sell off coming into the close. And we'll see if that's going to shake out. There we go. We're going to see if this is going to shake out as we basically come into the close out here. Some of the higher volume equities that we have out here, you have advanced micro, that's getting smoked. That's down eight and a half dollars. We have a Bank of America off of buck 33. You have mob bells down 33 cents. Intel's off of buck 41. You got, you would pack it off 223. Let's go over. I want to take a look right now at BAC. These banks, man. If these banks are already going down. Yeah, this is interesting. So, so watch this. Yeah, so the Bank of America did a 50% retracement. Yeah, this is telling us quite a bit. So Bank of America's backing down. So from the highs to the lows, Bank of America did a 50% retracement, has light of volume at those highs, and now you're coming back downtown. And so watch where it's important to look at the banks folks. So what you have is this. When you have interest rates that are going up, spreads are going up so banks make more money. That's fine at the beginning. What ends up happening though, if the prices, which are high already, and then the interest rate structure starts going up heavier, meaning faster, what ends up happening is that that's how you get thrown into recession, okay? As you get thrown into recession, the banks are going to go low OI because they have so much money that's lent out there, then they find out who doesn't have a bait and suit on when the tide's going out.  See, what ends up happening is that in this type of environment at the beginning of the cycle, meaning, you know, the inflation bank should be eating this up and they're not, and they're selling it off. JPMorgan's down 270, you're trading 137, 30 million, no. 10, yeah, JPMorgan is breaking a little swing and it's going to have volume. So that's not a good situation at all, meaning market-wise. That's how this thing is shaking out. And we do have, let's see, this lower range starts, yeah, there you go, man, this is weird. Okay, so when we take this and we put it on a larger chart also, JPMorgan this is and JPMorgan's one of the, you know, technically, fundamentally, it would be one of the better banks that are out here when we're talking fundamentals. And it's in the lower range. And when you're in the lower range, it's a problem, right? That's anything under 141.10 is a problem because then it opens up, wide open up for the lows that were established at the March pandemic two years ago. How's that? I don't even believe that I'm saying that myself. Dow industry is right now down 202, Nasdaq's off 55, S&P's off 21, stay right there folks, come right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years, a frequent contributor to the TD Ameritrade Network and CNBC. Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com, TFNN, Educating Investors. What's separating you from the most successful men and women on Wall Street? That's right, information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market profile-based scanner. Powered by its acclaimed TAS proprietary algorithms, this feature-rich scanner instantly filters over 2,500-plus global financial markets, such as stocks, ETFs, commodities, futures, and forex. This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen.  Level the playing field with the TAS Profile Scanner, which you can find under the services tab at TFNN.com. Sign up today. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Free at 1-877-927-6648. Internationally at<PHONE_NUMBER>. Welcome back folks, Dow. Dow Industries right now trading down 213 to get the NASDAQ off 62. S&Ps are off 22. Let's go to our man, John and Philly. John, what's going on, brother? Hey, Tommy, always good to talk to you, sir. You also, man. How's life? Say, you know I'm calling in about two gold mining companies, Royal Gold and Newmonts. But before we get into that, I'll just supplement what you just had to say about the bank stocks. You were talking to J.P. Morgan. Yes. Take a look at that city corp, Ticker C. It bounced a couple of weeks and now was making new lows for this move. That might fit right in to what you were just talking about. Yeah. And you know, oh, look at this. Oh, hold it. Yeah, look at those moves, man. Yeah, I mean, it looks to me, man. Hold on, folks, because this thing's coming, man. Yeah. If the bank. I did want to ask for your read doing your thing on the weekly charts for Royal Gold and Newmonts. Now both are near highs or at highs. I make two observations. One, the setback in Comex Gold price and some of the other mining equities off that March 8 high was pretty decisive. Oh, yeah. Come back for sure. But these two, Royal Gold and Newmonts, came right back. They're back to highs of March 8. Yes. So here we are. They're both very strong on those weekly charts. When you go back, you know, five or 10 years, can you just share with us the price and volume and what sort of ABCD targets you have higher than this? Yeah, so let's do Royal Gold first. So Royal Gold, folks, is a streamer.  I mean, this company only employs 28 people, but yet takes in $640 million a year. So not a bad situation. And they bring $3.98 cents to the bottom line. Now watch this, John. In both cases, I'll bring up the weeklies, too. But when you see the monthlies, well, you probably already know what the monthlies look like, if we bring up the weekly first, what you're going to see is that the bottom line is that two weeks ago, we had monster volume coming into these highs, OK? Meaning the high and Royal Gold is at $147.64. I think we've been building cars the last couple of weeks. We need more volume. But then watch this when you put up the monthly.  As Larry Pezzavante would say, look at these two big bars. These two bars, folks, they don't come in twos. They come in threes. And you can see the expansion of volume. So last month, we did $10 million. No, $10 million coming into it. This month, we did $14 million. And we're coming into a bar that only has eight. So that's telling me we're going to take that out, John, and pretty decisively. If we get into Newmont, and Newmont, when you see this in Newmont, Newmont's really cool, man. Now, Newmont, when you first look at it on the daily, it's like, OK, man, this doesn't have the juice. You can see that today we got over the high. You only get $4 million shares versus that last high of $17 million. That being said, though, what you have there, watch this.  So as long as you get a close of $75 today, that's saying that, guess what, $95 is on the way. And the way I'm getting the $95, folks, is that I just take the bottom of that consolidation it was in, and then take the top of it, and then you add that price point, meaning 72. The bottom there is 60. So you add 12 to 72, 82, 84, 84 to 90 bucks. That's what it looks like to me. It's going. So that is very impressive. And as you and I both know, this is a lack of institutional selling and large institutional buying here. And that's absolutely correct. And it's such, the gold market, folks, is such a small market. It's unbelievable when we're talking markets, when we're talking about how money comes in some markets. So it looks to me like, hey, man, this thing's really going to go. And the dollar saved itself today, no doubt. So we'll see how this shakes out with the dollar. But I think the dollar is building a cause to go break that rectangle that it's in. Yeah, but thanks for sharing that 15-year monthly chart on Newmont with the volume. That's quite impressive. Isn't it, man? Because you know. It's very illustrative, yeah. Yeah, because what happens, folks, is this. Is that you have to put some of these on daily, weeklies, and monthlies. Because what happened, I was doing a live program with TD Ameritrade yesterday, actually live from the New York Stock Exchange. And they got into Newmont, and I says, man, look at Newmont, man. This is, that's not you and me, John, as we know. That is large institutions that are getting in. And what does happen, folks, because of Newmont and Barrack, those are the names that are safer. There's no safe things in the marketplace. But it's safer for them, because if their bosses, if Gold goes to Hell in a Handbag, they can say to their boss, hey, I bought the best stock in the market, man. I mean, in the sector, do you know what I mean? So that's kind of how that goes, you know. Thanks so much, I do appreciate it. Okay, man, have a great one, John, have a safe one. iPhone number's<PHONE_NUMBER>. Let's get over and take a look at this S&P, because this S&P, what's happening here is this. The last couple of times that we came down intraday, it did not have enough volume, folks, to break these lows. We just broke them just now. And it looks to me, so what was happening here, this was actually building cause to break it. Let me get this bigger so you can kind of see this. You can see that, you know, we're down 30 bucks right now. You know, it kept hitting, hitting, hitting, meaning it lows, didn't break, didn't break, and then we just blew, we just ran right through it. And let's see what time is. Okay, there's plenty of time. We're only four minutes into this 10-minute bar. So that's saying you're gonna have big volume, and then the way this sets up now, this is, yeah, see this, I think this, well, the volume's gonna be light. I think we're close to a top again. Yeah, that's the way this thing is trading, man. So let me see this here for a second. So we get 45, is it 45, yeah, 45.97 to 45.60. That's like 30 points. That's 45.53. This is gonna be an ABC down to 45.53 in the marketplace, and right now we're 45.66. Let me pull up the NQs. It's gonna be an intraday one. It's gonna have the volume for sure. Okay, so let's go see what the NQs are looking like. Okay, they haven't hit the bottom yet. That's, oh, that's intriguing. Okay. Yeah. So the NQs haven't hit the bottom yet, and the NQs will probably hold. There's a little change of venue here, man. This is interesting. So the bottom for the NQs is 14,960. We're at 985, and you're going into 8,400, and we've done 8,300 already, but we're not at it. We'll see. The next buy that could open, I can say, see, I don't wanna be here. This is gonna be intense, man. Yeah.<PHONE_NUMBER> Dow. Dow's down 274, Nasdaq's up 95, S&P's up 31. Stay right there, folks, come right back. Having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex creditor in the trading markets and join the Tiger's Den trading room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. 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Whether you're into trading gold, medals, futures, currencies, or options, you'll get advice and analysis to help you seriously get ahead. tfnn also features trading services with a 30-day money-back guarantee for new subscribers as well as tfnn's Tiger Den trading room, trading software, and educational webinars for all trading levels. And make sure you check out Tiger TV for free on tfnn.com or tfnn's YouTube channel for live financial content from 8.30 a.m. to 4.00 p.m. Eastern on market days. Stop watching on the sidelines while other people get rich and become the investor you were born to be. tfnn, educating investors. tfnn is excited about our new software charting program, the Art of Timing the Trade chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, your ultimate trading mastery system, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardlies, ABCs, butterflies, and much more. The Art of Timing the Trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade charts today by visiting tfnn.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Welcome back, folks of Dow.  Let's go inside the Dow Industries. Let's see what is bringing this baby lower. We take a look at this. Point-wise, what we have is this. You have taken away from it Home Depot. That's doing minus 55 points. You get United Health 37, Goldman 20. Putting positive points, Caterpillar 10, Visa 6, and Amgen 5. Okay, we go to Home Depot. Let's go take a look at Home Depot as well as Lowe's. And you can see this was ready to break down, folks. In the bottom line, they're breaking down out here today. You get Home Depot down 840. You're breaking a swing point. Now, you're not breaking this swing on volume, which is 299 on the daily. You get 6 million versus 8.4. But watch this. Put this on the monthly. And what you're going to see is that you're gonna see a monster expansion of, well, first of all, let's go through this. You have a high that was generated with 84 million. You came off the high with 101 million. Last month, you did 103 million. And this month, we've done 110 million. That's building cause. Those two months there, folks, are building cause to break down and get into like 246 or 299 right now. See the top of that? The top of that, I put it this way. If you're watching Tiger TV, you can see how this shakes out right there. So the top of that bar where we went top side is 306. So now 303, 30802. Once you're into that, you're at 299, the bottom of that bar opens wide open. That's Home Depot. That means that we're gonna have less money to spend on our houses, period. That's where this shakes out. We take a look at Lowe's. What do you have with Lowe's? Oh, wrong one. Okay, so we take a look at Lowe's. Lowe's right now is down 636. This is also breaking its swing low. And the difference is that this, this is gonna be close to having the volume, actually. This only needs a million shares, which you can do in a half hour. So that's on the daily. You put this on the monthly and you're gonna see the same type of setup. In fact, it already broke it. You're gonna see, okay, we made a high with 75 million. You come off the high with 84. Last month we do 69. This month you do 99. You can see the expansion of volume. This Lowe's next stop down, I think is 192. You break 192, you're gonna be at the 150. This is pretty intriguing, man. Let me just see what they think they're gonna do fundamentally. So if we take a look at this fundamentally for a second, what the company's saying anyway, yeah, I think they might be dreaming. So you see these numbers coming across, folks, okay? This is Lowe's, I'm gonna do Home Depot. You can see Lowe's, if we look at the last five years, gross numbers, 68 billion, 2018, 71 billion, 72 billion, last 2021, 89 billion, this past year, 96. Now what they're saying is they're gonna do 98 billion next year, but this is the way that you wanna, this is how you have to stop thinking, folks, okay? You have to stop thinking gross numbers because they're inflated numbers. You could, that number of 98 million should be 2018, that should be 1896. That should be almost 100 and 14 billion if we just accounted for inflation. That's where that number should check out. So you can see that they'll be lucky if they make that number, but the bottom line, that number should be much larger because we're gonna be dealing with larger numbers. The real question is, are they gonna be able to make any money out of it because of the aspect that as larger numbers come up, there's gonna be less demand because, of course, things get more expensive. We take a look at this Home Depot. Let's see where this shape is shaking out. Home Depot, yeah, same type of setup too, interesting. Home Depot, if we go back to 2018, 100 billion, 19, 108, 20, 110, 21, 132, 22, 151, and now they only look at it 154. These things are going south, man. These things could go south. Let me just look at the PE. These things could just go south even if we didn't commit to a recession. You're paying $18 for one, for $1 earnings. But that's saying quite a bit, man. That's the real bottom line. Let's go take a look inside the NDX 100 as to what's running the NDX 100 right now. You got, Splunk is up 4%, you got Intuit up 2.6, taking away from it.  So bottom line is that we got some action out here, man. This is a traders market. There's no two ways about that. There's gonna be a lot of yings and yangs coming in. But the bottom line is that this is a traders market. So let's go over, the S&P broke the lows. Let's go take a look at the Qs because the Qs are coming into the low. Okay, so the NQs are down 100 points. And it just broke it. Yep, the question's gonna be, the number we're talking about here is the 14960. So it's spiked at the 950 and you're laying out here at 978 right now. Now this is the way this gets really interesting, man, because number wise, you're only six minutes into this bar. So watch what happens here, folks. This is cool for tomorrow morning. So what the NQs did, the last 10-minute buy, you had 129,000 contracts. We already have 117,000 contracts and we get four minutes left. So that's telling me that we're gonna have more contract volume. Now watch what happens. What should happen with more contract volume right now is that you should stay at lows. I suspect what's gonna happen just because we get the jobs numbers tomorrow and it's gonna more than likely, basically be highly volatile that somehow this is gonna try to pop a little bit higher. We'll see as this comes into the close. As you can see the volume, we already get the volume. And that would just be deviant enough to set up tomorrow morning. That's how it takes, because what we also could have tomorrow is this. It'll be the same type of situation. Jobs numbers come out, all these come out, right? What ends up happening? You get a fast spike higher and then as you come into the close tomorrow, you just give it up in spades, you know? When you get this, yeah, I think this is what we have happening. Let's go take a look at a couple of the big dogs because the big dogs out here, Amazon right now is trading down 27. You get light volume, there's no doubt about that. That doesn't give us much clue as to where this market wants to go. We take a look at Google. Same thing, Apple, let's go take a look at Apple because Apple's reaching for its highs. That's not an expansion of volume, man. Yeah, this thing's not done yet. That's the real bottom line, you know? But when I say it's not done, when you actually take a look at the overall market, yeah, these ABCs, they want to finish up there, but I would stop looking for shot positions in a huge way, folks. Those high volume lows that we hit, we're going after those high volume lows.  Stay right there, folks, you're coming right back. 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The Dow's off 344, Nasdaq's off 109, S&P's off 39, and let's go take a look at Goldfields, GFI. The question is, is that when the heck is it going to get to 17? So let's take a look. The low is 775, the high is 1720. That is a high volume high. So I expect we're going to get up there. What we're doing now, you can see that what you had here is this. I mean, the bottom line is that you had, I'll put that up there, I don't want that one. So I'm going to put that up there. I'll put that up there, I don't want that one. I want this one. You had a nice run.  So what, you got eight bucks. So it was almost 100% move. Now you're going sideways, and I suspect that the bottom line is that the 1730, 20 wants to get hit again, and very well, maybe it's your structure on the way up. As the time wise, if you're in the option market, it's a tough one, man. You just don't know, because the bottom line, these things move when they move. It's a nice setup, though. There's no doubt about that. Let's go to Nvidia, and now this is cool. This question here, folks, is really cool. The reason being is that you can hear from the difference when I came on yesterday versus today.  Today I come on and say, yeah, that the ABC structures are there, but the bottom line is that you really gotta stop worrying, okay? And Nvidia is a perfect situation like that, and this is where the divergence comes in, and this is what it is. And Nvidia is in an ABC structure on the way up. When the chip stocks want to go higher, they bring the NDX100 higher, the NDX100 higher, brings the S&P higher, brings the whole market higher, okay? Bottom line, you do have an ABC structure up. You know, the B point on this is 272. The A point is 211, so you got what, 61 points, which would get you 326. We've made it up here to 299. So there's divergence, right? Now what you have to do is this. When I see that, and then I go into, oh here, watch this. I'll put, okay, so what I'm doing now is this. That RV that I put at the top, folks, tells me everything else that are the closest competitors, okay, so that list there is the closest competitors. When you look at that, and then all of a sudden it's like, okay, now let's go pull AMD up, and it's like, okay, what the heck happened to AMD? So now you have divergence, and when this happens, you know, you get AMD coming down with volume, okay?  Let me see if that finished, okay? That was 117, it was 16 points, 38. Okay, so this was a failed ABC structure on the way up. Now this is really cool, folks, okay? Because when you're bisecting and dissecting markets, right? You can really keep it clean with price and volume, and the sectors you're in. So picture, the NDX100, bottom line, well first the spy had the ABC structure up. Then the NDX100 followed it. And inside the NDX100 we had all the chip stocks. I'm gonna bring up the stocks next while the ABC structure's on the way up. Now what do we know? Right off the bat, we know that, okay, you get a failure. And you know what, when I talk about a complex ABC structure, folks? This is not a complex ABC, and the reason it's not a complex ABC, see how much volume is coming down? When you have a complex ABC, what happens is you pull back, you pull back under the B point, the B point and this was $117.95. A complex ABC structure, you pull back and you pull back with lighter volume under the B point. And that's not the case that we have here. So now let's go to the stocks and take a look at the stocks because this also was an ABC structure on the way up. And we'll take a look and see what's happening there. So you still got the ABC up there, you're coming down, the volume's not that big. You know, when you have the AMD getting hit like you're getting hit, when you look at some of these other equities and I look at the banks, my take is that more than likely you're gonna have these, the spy, the cues, they're gonna fail the ABC structure. You know, then that's my point, more than anything. They'll go on south, man. Let's go take a look at the, and this is gonna be about interest rates, okay? The bottom line is that you, right now we're 2.32 and then watch this. Yeah, watch this, this is, I was working on this this morning, this is a trip. Okay, so this graph that you see that's up here right now, folks, okay? This is the speculation, okay? So picture where we are right now, okay? The bottom line is that the, what did I say? 2., the 10 year right now is at 2.31, okay? Now, this, see these, the scale, this scale is telling you, and this is all speculation too, but this is what the market is telling us, right? That you see these numbers on the second one, 1.75, 3.3, this is the amount of hikes that we're gonna have that the market is speculating. So the market is speculating, if we move into next February of 2023, by that time they're saying that they, they were gonna have 8.7 hikes. Okay, that's 14 months away, right? If you take the interest rate structure that we have right now, you add that on it, these rates are gonna go a lot higher than the market expects right now. That's my point more than anything.  That's what this comes down to, because there's too much money that's rolling around the country on everything and the bottom line is that, you know, there was a couple, there was a number out that he had higher prices and he had less sales. And I think you're gonna see that continue. That's kind of how this thing works. What we have out here is that, you know, you get President Biden bottom line is gonna be a million barrels released per day for the next six months. And you know, we'll see whether that can do anything with the gas prices, but guess what? Oil was going up, you know, I mean, a lot of people, including the administration, looks like they're saying that this is the Russian deal, but it's not. The oil is going up anyway, man. You know, that's the bottom line. Oil is running a lot higher. If you look at this oil chart, okay, oil's been running up. If you listen to Tommy's show in the morning, you know, three months ago, you know, the Keg stat, Teddy Keg stat was looking at oil going $100 and that's moving down at 74. And the bottom line, sure enough, you know, it already went up to this 126, you know. You're down today, but guess what? You're down with 429,000 contracts today. There we go, right there. And you get some volume in it, but you really haven't even broke the swing yet. The swing's 95 all, it was 96, 44, and you haven't even broke it. So that's there quite a bit. And you know, we'll see whether this can do anything. I can tell you one thing. Personally, it's a lot better releasing oil at $100, $100 bucks instead of buying at $100 bucks. I can tell you that because I remember years ago, last time this went up there, I think we'll buy it and we'll fill it up at $100 bucks. If I get it, you know, selling it at $100 bucks, I think it's a much better situation than buying it. And I believe the last time that we were doing this, we were buying it and when this deal ran up to $140, yeah, that's what we're doing, filling it. Stay right there folks, come right back. We have the Dow Industries right now down 387, S&Ps up 45, NASDAQ up 134, come right back. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts at TFNN, you'll get advice and guidance from the authority and technical market analysis. And it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV. Live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. 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The target first mortgage program may be just the program for you. The target first mortgage program pays 7% per year, paid monthly. For more information, you can call<PHONE_NUMBER>, that's<PHONE_NUMBER>. 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. Welcome back, folks, Dow. Dow is down 407, Nasdaq's up 148, S&Ps are up 50. Let's go take a look at the industry volume and see what we're coming at here, just in case there's a divergence between the, so you're at 592. Yeah, I don't think it's gonna do a billion. We take a look at the Nasdaq composite. All right, now the composite is at 440. Yeah, it's not gonna do it, man. So, what you wanna be prepared for is this, folks, okay? You wanna be prepared that whatever number comes out tomorrow, you might, you get a pop in the marketplace, even this being down. And more than likely, I'd sell that pop. That's kind of how this market is shaking out. Particularly because what happens is this. Well, you get, yeah, you get window dressing. We get over the weekend, window dressing really, because it's a Monday too. But yeah, there's plenty of equities that wanna go down. That's the real bottom line. So, protect yourself big time, because when you take a look at, you know, I'm gonna bring up the spy once again on the longer basis on the other side of it. You know, we did such a, let's see, what do we do here? One, it's gonna be wild if we did over a .618. Let me bring it through there. Yeah, you did a .786. So when you do a .786, the bottom line is that you won't break the lows. But guess what? And the spy, you got a high volume low that's laying out there at 430, 410, and you're at 450. So that's gonna be game, man.  That's the other side of it. My take is that that's what we have happening right now though, and you always gotta remember something folks. Bear market rallies are the fastest and furious rallies in the marketplace.  A bull market, very slow on the way up, steer escalator on the way up, elevator on the way down. The bear market rallies is an elevator on the way up. That's how bear market shakes out. That's what it does. Wild man. It's a wild one. And don't forget about our new trading room folks, okay?  You're gonna see the Tigers then? It's a dollar. A dollar for the whole year. You're gonna, we have a great community, a huge amount of Tigers and Tigris's. You're gonna know a lot of the people in there folks. You've been listening to the program. It's absolutely awesome man. The ideas are going left and right. Always remember folks, the bear can claw your head out the bull can run you over and thank God there's always another trade. Health habits and prosperity. Have a great one, have a safe one. Come back and visit Tommy tomorrow morning. Kick us off 9 a.m. Meow, we'll get him folks.


This is stock number 9J1898. We are here at Summit Automotive in Fond du Lac, Wisconsin. You're new and use Jeep headquarters. Today we are checking out this super clean 2014 Jeep Cherokee latitude. From this HD video you will be able to tell that for the age and miles that this Jeep is an exceptionally nice condition especially for the miles on it. Factory fog lights, projector lamp headlamps and the LED running lights. Brilliant black crystal pearl is the color. We shoot all of our videos in 1080p so if you have HD capabilities on your computer tablet or smartphone device turn them on right now because it is like you're right here looking at the vehicle with me. Very clean down that side. Comes with the factory 17 inch alloy rims and this one has tiger paw touring or unorail tiger paw touring 225 65r 17 tires. These tires have probably about 70% of the tread left maybe even a little bit more kind of closer to 80. Front fender is a pretty nice condition I did notice one tiny little ding on it and that was really the only imperfection that I noticed on this vehicle. Considering this has over 200,000 miles on it it is an exceptionally clean condition. Factory alloy rim on this side no scuffs no scrapes and as you go down this side of the vehicle you can see just how clean the body is, how reflective and mirror like that paint is. We take these HD videos especially on these higher mileage vehicles so that you can see the car hear the car and have confidence in the vehicle that you're looking at before even make the trip down this side really clean. Back rim is an excellent shape all these Cherokees come with four-wheel disc brakes and the back tires on this one are just as new as the front. They look like they might even have just a hair bit more tread on them than the front tires but very close. As we come around to the back bumper no dents no dings no cracks no scuffs the tailgate is in excellent condition as well as the LED tail lamps back storage area is very clean too and because this is you get storage underneath here and because this is a four-wheel drive you get a full-size spare tire and jack tools with it. Those seats do fall down for extra storage you can see that the rear shocks are doing a nice job holding the rear gate up shuts nice and solidly and as we come around to this side of the vehicle just as clean as that passenger side and for full disclosure this back rim is in excellent shape as well no scuffs or scrapes. Once again notice how mirror like that paint is how clean the body is didn't see any dents or dings on those doors or any along this side of the vehicle except that one on that front fender. Inside the latitude package gives you the black and gray cloth interior there are no rips there are no tears on the seats driver seat height adjuster this one has the cold weather group so you get the factory all-weather floor mats power windows power locks and power mirrors and as we hop inside the vehicle here you can see that this car indeed does have 203,224 miles you get the digital speedometer outside temperature and compass display and the instrument cluster is very nice and clean. You get the heated leather wrap steering wheel part of that cold weather group in the heated steering wheel Bluetooth and information center controls on the left cruise controls on the right and it does have audio controls on the back of the steering wheel this one has the 5.0 touchscreen radio you can see the heated seat and heated steering wheel buttons right there this is this is just AM FM on this vehicle you get climate controls down here and you get your select terrain auto snow sports sand and mud part of the four-wheel drive active drive one system SD card USB and an aux jack there is stability control and that is the nine-speed automatic transmission once again factory all-weather format on that side and the passenger seat is in really nice condition as well you get the in-seat storage keep valuables in there out of sight out of mind headliners in nice condition no rips or tears on that and you do get the map lights up there we'll take a quick look at the back seats and then we'll check out under the hood back seats are just as clean as the front seats you can see it has side curtain airbag knee-bolster airbags so 10 airbags in these Cherokees and very safe vehicles no rips or tears on these seats and these seats do fold down for extra storage nice and flat and it does have a 115 volt 150 watt plug-in and you got your all-weather floor mats back here as well I'd personally like to thank you for checking out the video today hopefully from this HD video you'll have been able to tell just how clean this high mileage Cherokee is under the hood we have the 2.4 liter four cylinder multi-air motor 184 horsepower engine base very clean runs really smooth this Jeep has been fully safety and inspected by our service shop has a fresh oil and filter change all the fluids have been checked and topped off and this Jeep is 100% ready to go to see more pictures of this Cherokee or one of our other 450 new and used cars trucks SUVs mini vans Wranglers you name it we got it go to our website www.summitauto.com full pictures and descriptions of every single vehicle on our lot videos of every single used vehicle that we have all at summit auto.com and if you want to make this one yours give us a call right now<PHONE_NUMBER> ask for one of our sales associates to make this Jeep Cherokee yours today once again that number is<PHONE_NUMBER> thanks again for checking out the video if you want to check out more you can you go to youtube.com slash summit auto remember to like subscribe and share on this video and all the videos you may see there in fact in a second you'll see a link to subscribe to our YouTube channel on your left a link to more used inventory videos like this one on your right if you haven't been to our website on the bottom a link to this vehicle on our website click those check us out we really look forward to help you with this super clean 2014 Jeep Cherokee latitude thanks again