 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 grows so everyone's having a great day, safe day, make it a great week folks. Don't take anything personally. Your truth is personal to you. Your own opinions and point of view reflect your own agreements and are personal to you. It's no one's truth, but yours. Not good wise. Let's take a look at it out here. We have the Dow Industries up 26. NASDAQ up 13, S&Ps up three. Gold contract up $3.50 trading at $14.72 an ounce. You get Silver up five cents, $17 fat, late sweet crude off 86 cents, $56.86 a barrel. Notes and bonds, you get the 10 year up five ticks, 129.10, 30 year up 13 at 158.23, King dollar, King dollar down 213 ticks, trading 97, 787. The euro is at 110. The yen is at 108.65 and the pound is at 129 to one US dollar. Our phone number is 877-927-6648. Give us a call folks. One note's going on in your world and the world that the S&Ps, what do you have? You're another day, you're another dollar and you're another high. We take a look at the S&P, the spy out here, all-time high. We hit an all-time high on Friday. You closed out Friday in the spy at 311. You're at 312.09. Yep, you got the contraction of volume but the bottom line, you continue at higher price. And the X100, same type of setup inside the end of the X100 and the three Q's right now trading up 30 cents. You're at 203.21. Dow industrials also the same inside the Dow industrials. Dow industrials right now trading up 24 bucks at 28,003.0. Small caps, different ballgame. It's just showing how basically weak the small cap index actually is. You got the IWM is down 38 cents, just can't handle price. So you still have monster divergence there. Small caps, they topped out in July of 2018. Yes, that's what you heard folks, July of 2018. So pretty wild. Gold contract, gold contract out here. Rejected lower price out here this morning. Caught a bid, bottom line is that gold wants higher price and we'll see how this baby's shaking out but quite a day out here today. We're at 14.56 this morning. You're at 14.71. You're at 321,000 contracts and anything inside this 14.70 gets you in the higher range once again. Silver, same type of set up inside the silver market. Silver also caught the bid out here. Silver right now is trading at a price point up six cents. You rejected 16.70 cents and anything inside 16.98 your couple pennies inside it gets you in the higher range. So we'll see if silver itself can bust out of this range. Gold bottom line is out of the range. Notes and bonds, the note and bond market folks, this is just amazing actually. Continue to want higher price and it's pretty intense how this thing is basically shaking out. You have the 10 year note up five ticks today. Now last Thursday, it had some big strength that got back inside the higher range. We're at 129.09 right now. End the 10, that's looking to go up to that 132 mark. We look at the 30 year, 30 year is set up the same way, meaning that we got an additional 12 ticks out here with 158.22, that 30 year is looking to get up into this 165 area. Last Thursday also this jumped right back in the higher range. Anything above 157.17 gets you inside that higher range and that's exactly what they did. The 10 year yield right now, we are at 1.81, that's where we're at. Bottom line looks like it wants to run down to approximately the 1.6 area. King dollar, what do we have a king dollar out here? King dollar right now. Come on baby, let's see, where are we at? There we go, maybe. King dollar is 97.795. So we've had three days down in King dollar. King dollar looks like it's gonna get down to the lower end of this range. It's been in 97.141. And what that's about today folks is that the pound has actually caught a bid today over in the UK. Pounds up 66 straight in 129.57. The Euro hasn't really caught the bid yet. If the Euro catches the bid then you can see that dollar come down with some conviction. The Euro is up 23 ticks out here, one 10, not bad bottom line though, because the dollar index is 60% of the Euro. It's when the Euro basically gets cracked that you'll see that dollar go much higher. Oil, let's go over to the oil market out here. This oil market continues to have a tough time and let's go, we got the December contract right now. We are trading down 89 cents, we're $56.83 that failed the whole price out here today and dramatically lighter volume. So I expect we're gonna see inside that oil market it's gonna try to basically first get down into this 55 area. If you get there with conviction like we traded down today from the 58 to 56 then you're gonna be down the very bottom of this consolidation was the $50 mark. What's so intriguing about the oil market right now is that you have Saudi Arabia come out over the weekend folks. So Saudi Aramco was going to be the biggest IPO in the marketplace to ever take place bottom line. That's not gonna be the case right now. It's they're gonna be basically, it's gonna be a Saudi Arabia affair basically meaning that first off, they shook down the largest wealthier citizens out there to buy shares in the IPO. Then the actual individual investors, they changed the rules at the central bank that you're gonna be able to do double leverage to buy it. Bottom line is they're gonna push out 1.6 trillion to 1.7 trillion. What that's telling me is that we get so much oil out here because they are doing huge amounts of pressure to get this IPO out on the market. I suspect once they get it out on the market of course then they can, it's only 1.5% of the company but then they can use that as paper. They bottom line is they gotta get it pushed out so I expect you're gonna see more downward pressure on the oil market because what we have had, there's no two ways about this is that we've had the aspect that bottom line, oil has had a really tough time at the $60 mark at all, all above. And the companies themselves they're having a hard time staying in business at oil being 55 or 60. So I suspect we're gonna see some more destruction inside of that whole sector. Dow, Dow Industries right now up 25, you get the NASDAQ, I'm 14, S&Ps are up three and a half. Those are all at all time highs folks. Stay right there folks. Okay, my name is Steve Rhodes. Coming up next we're gonna be talking to markets. Come right back.