 The following is a presentation of TFNN The power trading hour with your host David white Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 now David white And welcome all to another excellent edition a special edition Fed watch and of course Fed just came out with a three-quarter percent higher rate increase Probably not a big surprise market kind of went sideways for a little while my guess is we are going to go back and Right now test those lows from the last day and Then we're going to see what actually happens. I don't think there's a lot of movement before we get Powell talking at 230 and of course she normally talks to 315, but I You know, there's just not that much to do So hurry up and wait That's the army way But you know what it doesn't matter as long as you're here at the appointed time The following takes place between 2 p.m. And 3 p.m. So as we said You know, can you really tell a lot now? No, my guess is that I'll run some options Scans probably around 315 330 and I'll have a much better view, but you never know when chairman Powell will drop the chalupa and That would be it and of course he could be all rosy and sunshiney and say, you know, that's it I think everybody in fact, I don't watch much of financial infotainment TV I tend to pick it up on the internet that congeals The height high spots or low spots of the day for these folks But they're all circling around the same thing that I've said for a while and that is at least in my belief Although I can't prove but I have a high confidence level in my prediction that 80% of all the inflation is hooked up to Energy prices and This morning, they were out pounding the president mostly because he was parroting Probably one of the worst decisions of all time for a president with Jimmy Carter About circa 1977-78 when he came after the energy Producers if they don't make money, they're not going to produce any more money. I've already had an email about What is his name quit Nina and I just think of he's got he's got hair like a Like wire. I just remember from that. He seemed to be like even when I've watched he seemed to be okay but the question was Well, it's not going to matter in 10 years and these people shouldn't spend any money for oil wells because we're all going to be driving electric cars in 10 years and When I got that comment, I went back and found the original on You on the CNBC's website. Yeah, he said it. I Just don't know how people can believe stuff or spout it especially on financial info TV without doing at least a cursory amount of of Research I think it's gonna be incredibly hard to get to five or maybe even seven percent even in ten years There just isn't that much lithium Maybe we get some kind of big Breakthrough and batteries. We haven't had it yet. Everybody makes announcements two three years go long. We still don't have anything I Think a lot of people got smoked by Mus making the battery cells a little bit bigger kind of like Saying that he's made a much better battery by going from a C cell to a D cell It's just larger. It's still the same way and since 2009 Lithium ion batteries have only got about six percent better for holding maybe seven percent better by now chemical Stuff goes very slow but I'm still of the camp that eighty percent of everything Related to inflation is around energy prices and if they won't attack that and especially From the comments this morning echoing the failed policies of Jimmy Carter I wonder if anybody's ever studied the history of doing stupid stuff in an energy crisis But apparently it's not getting through so Can you really blame people for being incredibly bearish my belief though is that a lot of people do get it you can see this subtle shift in the newspapers over the last week or two and No, they're not willing to give up the ship. They're telling everybody to maybe change course Some people just Not gonna get it or at least they haven't gotten it yet But I imagine after a little bit more political pressure Especially after the last few weeks of primaries They're not gonna want to all lose their seats So they're gonna decide that maybe it's time to get on the side of drill baby drill I think maybe we could have some kind of movement like that. It's gonna take a while though I don't think it's gonna happen right away crew of course Hovering around 120 bucks the average price of gasoline today did hit on all-time high at five dollars and one cent Across the country at lunch. I went up and got gas And I thought I had a bad problem with my big truck my big four-door ground-pounding Thing but I was piker next to this guy in front of me with his RV who put $650 in his RV so I felt a little better. I didn't know how far he was going on it If that's the entire summer But I doubt it. I imagine he's he's going far, but man $650 to fill up your RV. It's a bit of a stretch Anyway, we'll watch what happens again a lot of Stuff I could be wrong about everything I could be all wet, but you know what? Yeah, I got a pretty high batting average It may take a long time for a lot of the stuff that I believe to come true So I tend to spend a lot more time looking at charts, but you know, whether it's Bitcoin or any of the rest of the stuff Yeah, I've seen all these cams come and go and as one of my friends of my dad used to say you can't snow The snowman this guy was impervious to propaganda And he called himself the snowman which always thought that was it because he said he could snow more people than anybody And when they came to snow him, there's no snow in the snowman Anyway, we'll see what happens out here again. I think we're probably going to test the lows of yesterday We're gonna kind of bounce around in some rooms. We've got another 15 minutes before Before pal starts speaking. It's actually a fairly narrow range I I think a lot of people were set up for a much higher range and as I said before it I'm thinking Thursday or Friday. There's a couple of reasons why I put in the newsletter that that You know that a pop going into three-day weekend is I think Highly probable think a lot of people have been short for a while They want to go into a three-day weekend and have that money out there and get a potential pop on Tuesday You know, they may just want to start Take a little money off the table for the downside and getting ready for the next pop so they can sort it And we'll we'll be back in a minute Time of booming inflation we are purchasing powers eroded. There's no better place to protect your harder and money than ain't gold This the gold flagship asset is the Mount Todd Gold project in the Northern Territory of Australia This is Australia's largest unveloped gold project. We are talking a world-class gold project in a tier one mining district This is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction This the gold just completed the Mount Todd feasibility study Which resulted in a seven million ounce gold reserve in a 16-year mine life All of this combined with the approvals of all major operational as well as environmental permits This distinguishes Mount Todd as an attractive Dearest pot ready development stage gold project. This the gold trades on the New York Stock Exchange and the symbol VGZ Are you grinding in the market, but seeing little to no return or are you a successful trader simply looking to make your job A little easier learn to take the path of least resistance with David White's powerful trading newsletter David White is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find a share winning trades Support and resistance define the ranges in which stocks trade by understanding these trading ranges David White is able to find a path of least resistance David White's trading newsletter the path of least resistance is delivered daily Before the markets open to make every trading day an easy win Visit tfnn.com today and subscribe to David White's ultimate trading newsletter for $119 a month and try all of our newsletters risk-free with our 30-day money back guarantee Take the path of least resistance at tfnn educating investors Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets 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 Toll free at 1-877-927-6648 internationally at 727-873-7618 Actually type there we go Uh 877-927-6648 if you have any questions, uh burning questions Not that you needed, you know Kind of question you need a doctor for if it's burning But if you have burning questions, especially technology, uh why we hold our breaths and wait um Give me a call also email me at path at tfnn.com Uh What else do we have? Okay, we got up here Get any other questions Uh, and let's do a little history and then we'll move on You And of course on this day in 1949 on june 15th, that's today if you live in Loots, florida MIT's that's the massitude institute of technology again if you live in loots J. Forrester recorded a proposal for core memory in his notebook And we were talking about Beginning computers yesterday a bit Um, I just had a thought again today when I saw this Because uh, we talked about building my first electronic computer a altar 8080 It used a thing called core memory, which is what this guy is famous for and ended up getting patents for Uh, but uh, they're little these things are actually about five times bigger Than they are in real life, but they're a little tiny magnetic donuts and you run wires through two different directions And you can magnetize them or demagnetize them for a one or zero Uh, anyway, I started making these uh, my grandmother lived with us Uh, pretty much since I was a uh a about three months old And uh, she was always sewing and doing everything else and she saw me doing this Because I had to sew my own memory for it and she got involved And started sewing the memory, which is uh, you know, she was all those quilter Nitter kind of things and right up her alley So anyway, she helped me make a bunch Then uh, all the other guys in the computer club in the city Found out about it because it looks so pretty and nice They wanted my grandmother to do it and pretty soon There was a she she had a little business and it only ran for a couple of years because uh Memory did end up becoming semi-conductors But they had a thriving business for a couple of years her and about Four or five of her friends Sowing memory together But that's what core memory is Just a way to magnetize a little magnetic donut In reality, these things are probably the holes are about as if you're watching on tiger tv or whatever Uh about the size of a pencil lead. They're not very thick Uh before that, uh memory was tough to get you could use a vacuum too But that was very expensive and cost a huge amounts of uh Dollars in just electricity much less than failing from time to time Uh, but uh, you know before this They would take real long Runs of copper wire Uh like, you know 500 feet of it And that would just be enough Uh of a delay to put power in one side and get it back the other Uh, they could hold a one or a zero in it And recover it and then they'd have to recharge and send the signal again to hold that level But can you imagine having to have 500 feet of copper wire for every bit in your computer? That's kind of how they did it before they actually got core memory or You know, they had a handful of tubes, but wasn't enough Anyway, you could fit about 4k of memory Or 8k of memory depending on which board you bought for the altair 8080 Uh, and that was it. Now, of course, we have samsung Um micron high mix We've got a ton of different companies and they all make memory as I like to say this is uh the product in computer Dumb that is the equivalent to ball bearings when we wanted to defeat the nazis We went right after the ball bearing plants because nothing moved without them Uh, but the uh, I learned that of course from stahlag. Uh, what is it stahlag 13 or What was it uh hogan's heroes? They were always going after the ball bearing plant down by frankfurt Of course, I learned everything about world war two from hogan's heroes On this day in 1949 And there's there. I think they're still fighting over who had uh, the uh, rights to core memory 8776 8779 2777 I can't even say it now. They got me going Let's check back in in the market. We got another couple minutes for The fed to start talking But we're up about 15 points. I wasn't expecting a lot today If you would have tuned in to the tigers den which you can do for a a mere one dollar a year seems to me, uh How could they ask for just so much for so little but they do And I put in there which was the kind of the standard pattern for these days, uh, which is They have a bounce They pretty much give about half of that bounce back And then the fed meeting comes along and you can find out I'm just assuming that most people are short going into these thinking that everybody's going to sell off the Uh, the market and they're probably sitting on some decent money and they just want to go ahead and cover their shorts positions off And that gives you a kind of a little bit of a bounce Uh, but uh, people want to get out of the long and short positions until the fed's done talking And then you end up with a market like this, which is a lot of sideways A lot of hurry up and wait. Anyway, let's take a look at some few charts. We got some questions Uh, back to the usual suspects like microsoft Um, allen wants to know whether or not there's anything really going on You gapped up. It's on light volumes So far, but as we've been talking a lot of these lows as of late um are Where they broke through the lows Uh in microsoft they actually had a little bit more volume than you would think But you are back in that trading range Uh, and uh, as we said you kind of want three gaps and it depends on how you look at it microsoft But you got kind of your third gap and now you've got a little doji out here At most I think you were looking at 270 if we got some kind of rally out of this And yeah, it could be on light volume I'm thinking that now that if the fed doesn't do anything like Drop the baby Ruth and the punch bowl today, we can maybe get some kind of small rally Maybe into friday and maybe into July the fourth. Maybe it gets things get a little bit better We've got a meeting next week, uh, or the u.s White house has a meeting next week with the soddies They're supposed to put together some kind of deal for pumping more crude Maybe that brings down crude just a little although it's down a little bit since the announcement a couple bucks So maybe you have a little bit of a pullback Maybe that helps things out till july the fourth But uh, just always was thinking that we had some kind of move into july fourth That's probably where we wanted to sell it Uh, email me at path at tfnn.com and give me a call at 727 Oh god, I'm not going to be able to say it today If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30 day money back guarantee So you have nothing to lose every monday morning I publish the gold report with coverage of gold silver bonds the xa u hui gdx as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report Sign up now by visiting tfnn.com. 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I do not see uh Powell on the boob tube quite yet. We're up 12 points on the s and p cash dow is flat Nasdaq up 127 rustle up 11 when we go to the commodities as I said that crude kind of pulled back a little bit one uh 16 73 uh gold uh 18 24 90 silver up 59 cents actually Uh, the winner winner chicken dinner out here almost three percent higher Is there anything else going on? First question out here is looking at the tlt I'd been uh looking and thinking that we maybe get a bounce up to 120 Before this thing gapped down and blew away the last couple of days and mostly that was uh, apparently the fed Talking up last thursday. They started letting everybody know or wednesday night that uh, three quarters of a percent was coming and they You know Hey, hey We got we're gonna do three quarters next week. You better let everybody You know better let everybody know, but don't let them know you heard it from us and of course, uh by wednesday thursday last week it was everywhere And you ended up with a big gap downs in the move lowers Out here, but uh, you can't really figure out much more than that. Um Kind of interesting to see that you don't have too big of a move out here on it today, but We shall see Still problematic, but now that you've busted this level Maybe you get back to 114 Um, that would be kind of the big picture on Uh this right now, but let's go ahead and put some uh retracement levels um If you're thinking about a longer term Uh Resistance level if you want to short this again um It is on confluence 1751 to 1790 So you got about 40 cents there. It's right in the middle of this gap Uh from 531 so that is the setup. I like doesn't mean it's going to go there But if you wanted the best risk reward for pulling the string once again on bonds going forward over the next couple of years, um 117 51 to 117 I think it's even in 1790. No, that's what it is 1751 to 117 90 So you got about a 40 cent range there that's the very bottom of that gap down from uh, may 31st Um, that would be the next uh bounce before I would want to pull the trigger short once again Okay, and pals, uh Uh Doing a little bit of gibber and a little bit of jabber Uh question. Do I see a low and micron quite yet? Speaking of memory Yeah, you're just going sideways here light volume Again, I wouldn't read too much into Maybe yesterday and today's movement It's all about what he says and the tone he says it in and i'm not going to be surprised if they get that tone wrong So it's not looking bad Anyway, uh other questions out here on tesla Do I still think uh that uh, it's headed lower? I think it's kind of hanging around ready to bust out the $600 low I wouldn't be shorting it here Um, again, we're talking about knowing your risk reward levels and the best way is confluence on tesla that confluence comes in at 823 to 827 So you got about four bucks of range and again, that's right underneath this uh big gap down From uh may 9th So could you get up there? I'm sure everybody in their dog short this thing So could you you know, is it possible to bounce? I'm not a big fan of going short at stocks at lows You want to wait for the bounce in this case You got a fairly nice retracement up to the 50% level at 788 of this move down from may 4th uh to May 24th, so you got your 50 bounce almost exactly. What is that 778 you got to 792 So there was your 50 retracement Maybe you wanted to pull the trigger on that thing I don't see a lot down here. We had just slightly more volume yesterday With a 32 million shares and the day before about 34 million shares into this 30 million share low So i'm going to say that the odds are probably just a little bit more or better than a flip of a coin for the long term Uh, what to see if we go back here and find this that long term low Which I think is going to get tested and that's that 539 49 march 5th low And I think that could be again one of those other issues Many people in the den talking about how higher interest rates are going to affect a lot um You know if you're buying a car suddenly it's a whopping more for buying 120 000 tesla Uh, we were looking at some of the other cars That are coming out and someone found a Ford f150 And I couldn't read the whole thing other than I looked to me like it was an 80 000 truck and they were trying to get 140 grand for it because no one else could get it Or there weren't enough of them or whatever and that's called additional dealer profit adp If you've never been on a lot and seen somebody gouging Uh prices at the car dealer well Just remember that next time you start to think a little bit about them when they have tons of cars and can't sell any And they're probably getting very close to that soon Okay, so we've looked at that To question about work day from ronald I'll take a quick look Yes, uh, we're up three points now and yes Somebody find that gal on cnbc a chair. She's pregnant. She looks like she's going to deliver in the next five minutes And they're making her stroll around out there Um, I don't normally watch it on days like this. I certainly have the Tube on mostly to watch the ticker because I'm always deathly afraid that my ticker will start lagging Um, it doesn't happen much anymore, but maybe 20 years of doing this or 20 now 24 Uh doing this I go back to the days the internet wasn't uh as good as it is today But even then you never know when you're going to lose something or it's going to slow down I always like to have a second way of doing it And I also like to see the big headlines that they plaster underneath pal's face That kind of summarize what he's saying sometimes We were moving expeditiously on rates it says well that tells me a great deal. Thanks a lot But uh, yeah, I like to look that make sure that nothing much is moving. Anyway, we're about flat on the day So we're pretty close to testing lows. We'll see if he pulls a rabbit out of his hat But uh, that's about it yet 877-976648 Um same thing in work day if you're looking for some lows there are a lot of really great Confluence levels that have appeared in the last couple of days Uh, I and we talk about these all the time, but if you're either thinking to go long Or you're thinking that well, I've had a great abc down and work day now I want to uh, take my money and wait for the next move higher Confluence ranges probably have the best batting average anything. I know There are two Fibonacci Recreation levels the six one eight of one to the three eight two of the other back Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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Um Yeah, anyway, we're talking about workday markets taken off like a rocket I think because he got done with his speech and everybody Thinks that that's kind of great. So we're at uh, 3808 So you had about five minutes to buy the the lows out here in the s and p today, which is pretty Uh standard for the s and p cash. I can imagine that we might do some back and forth But uh, as I said, I've been kind of trying to figure out how we get Uh to this and I got a question, which is where's the upside? Well, it's 4 000 on the s and p For friday So You know, how do we get there does he say a lot of other stuff? Uh, don't know But uh, we shall see in fact, you know I think we can probably I wouldn't be surprised if we get a lot of back and fill here today And then we probably see a lot of people start thinking about covering before the weekend And maybe that starts tomorrow. Maybe that starts friday morning But maybe we've probably gotten the the uh bulk of what we're going to get now out of it And we're going to need to digest this till about 330 And then we'll probably get an idea as I said, I'm going to wait Around uh till about 3 3 15. Look at the options and then see whether or not this is a Big bear trap or a big bull trap But uh, it could be either Uh, okay Gold ripping too. Okay, I did not see that Is it? Yeah Maybe mine's lagging here Okay Crude down to 115 Again, maybe that's there's a few other things going on out here Question about looking at apple and the rest of the usual suspects as we get out here um Yeah, as I said, there are a lot of these that had been testing lows And depending on how you looked at them, you may or may not have the gaps that you're looking for Uh, apple was uh testing the man uh may 20th low. That was 132 is 61 Uh with 137 million shares you tested it with a little less 120 122 million shares But you're back into the trading range, which is pretty much all that matters again Start using confluence levels start looking at retracement levels to know where these things are going to go It's not going to be uh, kind of a one and done thing um On apple You know, I think you could get maybe 141 ish 140 by friday. We'll have to look at the options today. I'll talk about it more tomorrow But yeah, you have to get a whole lot. No, can you get a lot? Tesla had a nice bounce. It's uh up to 700 Uh bucks are a little bit more Okay, let's take a look at the most highly shorted stocks, uh probably ever Uh for big cap And that is advanced micro So you got a nice, uh move out here against a previous low with lighter volume your max volume Down to 83 27 on may 12th was 129 million shares. You came into it with under 100 million shares and now you're out Uh 95 bucks is the 382 retracement 97 70 Is the uh 50 percent retracement. So could you make 95 bucks? I think that would be Uh the top of that previous gap by friday. I think it's possible Uh again, I'm hoping that you don't get all of the bounce today Because that generally means that it'll exhaust itself. We're up 80 points And then you won't get much thursday or friday Okay Question on ccj Uh a little bit far. I guess this is more about china. It's not getting the kind of love that some of the other stuff is out here Um, you just got a big doji on it. So no sign to do anything Let's take a look at umg and boil as people have talked about it Um, yeah, you kind of just going sideways on that today So nothing new Take a look at boil On that side of it And kind of the same thing You're at a 50 percent retracement Uh of the big move off the uh lows Uh for natural gas and I mean this is the one going back to december eight uh 28th of Uh 2020 that's 17 and five cents on boil up to 140 50 So you're basically back As I said back into this 50 percent level right now at this price So you probably should see some decent support there, but i'm still suspecting you want to go late august Uh into natural gas again. I don't see a lot happening right now Uh Question about dlr As uh not dls dlr. He said As we continue to do it Okay Well you did test the previous lows And if you did it on more volume though So you're probably going to get a retest of 125 This may be the best house in a bad neighborhood for real estate trust But that's it question about the xma from jonathan Let's take a look at that. Um Now I do uh kind of like this setup here You've got a lot of things that are very attractive for me And one of those is a nice test of this may 12th low $47.65 with 10 million shares you came into it with less than 7 million shares You're back into the trading right trading range now. So what are you're at here? You're 49 bucks um A move higher you've got confluence at 54 60 so that could be your bounce back into the rest of the materials But uh that is going to be very tough sledding above 54 for the xme So keep an eye on that. What else do we have? Uh question on the ibb from sandy Thanks sandy She says she's a first time emailer here to the show um Same thing with uh ibb You tested a 4.7 million share low. That's may 12th at 105 39 got to 104 67 You've bounced today. You got some decent volume confluence on that takes you to 116 So yeah, is there you know, am I going to get involved for a six percent move in an equity? No, maybe there's some reasons to buy Uh some calls or something to get the bounce out of that But don't see it the thing I dislike as I've said before is a lot of these have two gaps down And generally you get one third gap down and the problem is maybe you get a retest of the 105 low for the third gap But uh, that's kind of it and we'll see uh As I check back in Yeah, 3803 most likely I suspect we pull back to about 37 80 or so And then we're going to see the last 30 minutes of the day and which way everybody go But probably a little bit high to the tried the low. We've tried the high now I guess if we're going to kind of try to uh Get a 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 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 You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball. After all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by basal chapman and your inbox every day first time subscribers Also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns, you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets That he's tracking expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors Catch tom will bryan professional trader and educator founder of tfnn also a special guest on cnbc Tom will bisect and dissect the markets the tom will bryan show next on tfnn Yeah, you probably went on amazon and worked a uh a truck full of rollades Or the market gas here having some big swings as I thought Probably pulling back to about 37 80 or so. I always talk about the cash by the way for people that are asking Much harder to move a lot of stocks than a thinly traded future Outside of market hours, although the futures do track fairly closely of course during the day, but I tend to almost always use the s&p cash A handful of years ago The s&p futures really got thin as the trading computers Got extremely good of running people in and out of positions overnight So uh and just a thought So what else do we have here? Let's take a look at the volume. Um volume did shrink a bit yesterday, which makes me think that we have a good chance of a low We went from about 15 billion shares to about 12 billion shares yesterday So there was enough down there at the low to make us think that we had at least a temporary low A low does not mean you're going higher. We now have some Equivocation about the future from the fed Of course, I'm on the air now. So I haven't been able to listen to exactly what he said And maybe that's a good thing probably is because whatever it was uh, probably not the truth But uh, it probably close to the truth And yeah, it's kind of probably still important to know Anyway, we still have some stuff that's weak out here. As I said, uh been looking maybe more into tomorrow Or maybe friday in fact with quad witching this uh weekend Or this friday, we've got a three day weekend with june night, uh Juneteenth Someone needs to get on the marketing board of the juneteenth folks and give it a little snappier thing So I don't like the fourth that sings Juneteenth Don't know about that or marketing So when you have to So when you can not what you have to we'll see you here tomorrow same bad channel same bad time Building wealth trading in the stock market seems impossible to