 The presentation of Tee the Tom O'Brien show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Let's go to what Alan Tampa, hey Al, what's going on? Oh it's a beautiful thing, I mean if your listeners don't get the gold report they're missing out. I mean with your gold report you just print in money. I love it. You're my best dad out there Al. Let's go to Jeff in New Jersey, hey Jeff what's going on? Great, hey listen I was calling to thank you, a few weeks ago you were prompting on your show to fill out that $10,000 grant. Yes. So I filled it out and just a couple days ago I found $1,000 in my business checking account. That's awesome man, that's awesome. And I owe it to you because if it wasn't for your prompting I would have just assumed you know no way I would have gotten anything so I wanted to thank you. No we appreciate your problem, problem let us see it. Now Tom O'Brien, welcome folks this is Tom O'Brien of TFNN, we go 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, but if you think about you bring about whatever you focus on grows, hope everyone's having a great day, a safe day, it's making a great week out there folks except others the way they are. You cannot change other people to try to change them to fit what you want is like trying to change a dog into a cat or a cat into a horse, they are what they are and you are what you are. Mugger to eyes, let's take a look at it out here, we have the Dow Industrial is down 57, Nasdaq is up 93, S&P is up 11.5 gold, gold contract down $6.90 traded at $19.39 notes, we have Silver off 12 cents, $22.62 announced, Lights recruit off 71 cents, $82.48 a barrel, notes and bonds, the 10-year note, down 6 ticks, trading 103.31, $109.31, 30 year off 2 at $122 and $Kingdoll, $Kingdoll is up 341 ticks, trading out at 103.183. Our phone number is 877-927-6648, give us a call folks, I know what's going on in y'all world, in the world of TFNN folks, this afternoon 4-5 we have our man Mr. Teddy Kegstad, he's going to be doing a Japanese candle pattern stock and option strategy, one hour webinar for you and I got my man Teddy Kegstad right here to tell you what it's all about, what's happening Teddy? Tom, how are you this afternoon, good to be with you? It's great to be with you too man, no doubt, you know we all got a hot summer out here, it's going to be a nice 4-5 candlestick charting, so tell us what we're going to be teaching out here Teddy? Well, we're going to be taking some very common Japanese candlestick patterns that have usually a very high probable success rate and we're going to show you how to implement them, we're going to show you how you figure out your risk levels, your entry levels, your target pricing, what strategies to use, they'll be for both stock and option traders whether you're already long in a position or if you're thinking about looking at a certain stock or even just looking for opportunities and that's what we're going to be covering during this webinar where we're going to literally detail current situations in the marketplace where these patterns have already surfaced and exactly how you would implement different strategies. Very cool, it's amazing Teddy, like how old candlestick charting is, huh? It is, it's been around for over 300 years, most people don't even know that. That is amazing, folks have started, it was a race farmers, right? The race farmers from... It did, very good, absolutely started in Japan in the rice markets, absolutely. Pretty amazing man, and you know, what is so cool about the candlestick patterns folks, okay, the patent itself is that once you get the patent, what I really dig, Teddy, is that then you can use bar charts but you know what the candlestick patent is anyway, once you get used to them, you know, doing it two or three years, you know what I mean, which is pretty cool, do you know what I mean? Right, absolutely, absolutely and they're very functional, you know, and the thing is that, you know, most people, there's people who absolutely say they're worthless and most people when I do talk to them, they're applying them completely incorrectly and we're going to go over to the myths about, you know, what are definitely the failing points and how not to use it and where you should, when you do use them properly, how really powerful they actually are as a tool. Yeah, you're going to love it. And of course you've been using these for a long period of time, so it's always cool when they get the repetition, isn't it? Correct, absolutely and you know what, they work for stock traders, options traders, futures traders, they work in all markets, so that's the wonderful thing about them, this webinar that we're covering is going to, any stock trader also trades options if they trade in other markets as well, you'll be able to use these as a tool for all of the markets. Nice, and folks, it's very easy to come into the webinar, they come over to our website at TFNN, you're going to see it right on featured content, the webinar is going to start at four o'clock, four to five, it's only $95, it's going to be one of the best $95 you've spent, you can go over and over and over again and as Teddy said, you know, there's many candlestick, trot and patents folks, okay, you know, but what does happen is that when you trade as much as Teddy trades, it makes a difference because you've seen so many different patents lay out and you get to understand the patent structure better, would that be a correct assessment Teddy? Absolutely, Tom, you're 100% correct about that, for sure. I know, and it's pretty cool because sometimes I look at it and say, you know, technically, I can teach quite a bit and a lot of it has to do with how many times you've seen the patent over and over again. I mean, it's like, okay, you know, this is your probability goes a lot higher either this way or that way, so it's really cool. Well, listen, man, we really look forward to it and, you know, 45 minutes, folks, so come over to our website at TFNN, it's really easy, just hit that banner, you're going to be in one of our special rooms and you're going to be off to the races. Absolutely. Hey, listen, Chicago, it's hot like the rest of the city, the country, right? Is it? It is. It has been actually, we've had a break in the weather last couple of days and today it's been actually storming all day long. It's literally been raining since this morning. Has it? Okay. Yeah, it's actually kind of dark out right now. I love it. Well, it's going to be a dark cloud cover. I like it. Correct. We're going to be covering the dark cloud cover today as well. It's a beautiful thing. Listen, man, you have a great one, safe one. I look for the Kennelstik charting patent workshop at four o'clock. Thanks, Teddy. Okay, have a great one. Have a safe one, Teddy. So just coming to our website folks at TFNN, you're going to see it right in that front page. And as I said, when we were talking about this, it's important to understand, you know, there's a lot of different patterns. There are definitely some that are a lot more powerful than others. Teddy's going to be going through that and in the context of what type of strategies that you can set up inside the equity markets, inside the currency markets, inside the stride, the option markets. And I know we have a huge amount of option traders out there. We take a look at this market out here, folks. Bottom line is that we got to go to the dollar first, okay, because this dollar is something else, man. You know, and you've had currencies falling apart across the country, across the world out here today also. Argentina, that's, that thing is blowing up. You had Russia, the Ruple, you know, basically got blown away by 10%, you know, and actually the Ruble in Russia, you go back a year and a half ago, and $100 a year and a half ago is worth 50 bucks today. So this dollar, this dollar, man, it looks to me, it's got an ABC structure on the way up. It looks like we're going to, you know, we're coming into one swing of that 103-572. But you can see this bar out here today, man. I mean, they've had three good bars right in a row. So it looks to me the next level up there is going to be the 104-699. Stay right there, folks. Come right back with our man, Mr. Steve Rhodes. We have the Dow. The Dow industry is right now down 52, and as except 101, S&Ps up 13 and a half will come right back. Tigers, candlestick pattern analysis is a primary tool among successful traders, and you should be no different. Candlestick patterns can demystify buy points, sell points, general price movement, and so much more. At 4 p.m. on Monday, August 14th, trader Teddy Keckstadt will be hosting a live hour long webinar on Japanese candlestick patterns. Teddy, the author of the Tiger 4x report, has been trading for 33 years, and candlestick patterns have been instrumental to his success. For just $97, see how to use candlestick patterns to analyze stocks and options in order to capitalize on market swings, increase your odds of success, and decrease your risk. During this live webinar, you will learn when to use and when not to use Japanese candlestick patterns in this volatile market. Dispel the myths about this strategy and see just how much the mastery of candlestick pattern recognition can impact your trading. Visit TFNN.com today. TFNN, educating investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real time analysis and trade recommendations delivered straight to your inbox. Whether you're a season trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30 day money back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award winning newsletter, Market Insights firsthand. TFNN, 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 Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com educating investors. 8-7-3-7-6-1-8. Welcome back folks to Dow. Dow investors down 57 Nasdaqs up 100, S&P's up 13.5. Let's get over to why, man, Mr. Steve Rose does we do each and every Monday or 20 past the hour. And don't forget, folks, Steve has an outstanding show here every trading day. 11 to 12, Eastern standard time, also is a great newsletter. Mastering probability. Now it's very easy to get Steve's newsletter, folks. You come over to our website at TFNN. Go into newsletters, you're going to see it right on the right-hand side, the top row. You can get Mastering Probability for one month for $149. You get it for six months for 6.95, which is a savings of $199.22. And you get it for one full year for $11.95, which is a savings of $593.33. Now they all come with a 30-day money back guarantee. So you can go over, you get it. Steve has a huge amount of archives. All the tools that he has right there, you'll be able to understand how he looks at the market, the tools. If it works for you, awesome. If for some reason it doesn't work for you, guess what? It's a 30-day money back guarantee. Steve Rhodes, what's going on? Well, you know, Japanese candle sticking, right? Understanding those patterns is so important. So I encourage everybody to sign up and attend that four o'clock workshop for sure. Yes. It definitely, you know, it improved my trading. Absolutely. And it'll improve everybody's trade now. And you definitely know Japan upside down, which is even better. Is that wild? I know. Yeah, it is great. And you know, my wife is taking me back to Japan for my vacation this year. Congratulations. Yeah. So it's going to be cool. Celebrate my birthday over there. Yeah. But the other thing is we're going to go visit, we decided to go visit Hiroshima. Okay. So it'll kind of be, you know, we went to see the Oppenheimer movie. So that was kind of good just to, I didn't really have as much detail about the Manhattan Project, you know, as was at least shared in that movie. So it's really pretty cool movie, but I wasn't expecting a three hour movie. Yeah. So, you know, but it was great. And it'll be nice to kind of just go back there and reflect based on all the travel that I've done, you know, just in the last few months. So that'll be pretty cool. Cool. So I definitely recommend that people, you know, attend Teddy's workshops. As you were talking about the market, really interesting time that we're at, especially right now today. And what I have up on our screen for us to talk about is really golden and US dollar and a couple of other things. But here, if we take this, the daily chart for the gold futures contract. And as you mentioned, there's a number of different tools and that I use out here. And one of those tools is the TD nine count. Okay. And what I've got displayed here, I've got the I just put up the continuous contract for gold so that I could go back far enough. And this takes us back into November of 2021. Just to take a look at all of the TD nine signals that are present now, you'll see some other TD nine count tops out here or bottoms, Tom, but those are not valid pattern. So I've identified each of the valid patterns that follow the rules that I follow here. And so what we can see is nine of last 13 or 69% of these TD nine counts, whether their tops or bottom generated what I'll call a successful signal was a top it was a top we saw, you know, a decent retracement. The interesting thing is, if we get if we don't take a look at the tops, we just look at the bottoms, which is really what you and I are talking about today. Yes. What we have is seven out of seven. So seven of the last TD nine valid TD nine count bottom patterns have resulted in a market rally. So we're at that stage is going to be the first failure out of seven is possible. But what I can share with folks is since November of 2021, each TD nine valid TD nine count bottom that is formed has worked. So this signaling to me that we should see a rally in gold. Now, if the as you pointed out, if gold is going to rally, well, in the face of the US dollar that is trading above profile resistance and doesn't have a topping pattern. Well, this chart here, Tom, is a correlation chart. And this shows us the correlation between gold and the US dollar. And this is a correlation over a three day time period. So at this chart shows the very bottom panel, when the bars are below zero, it tells us that there's an inverse relationship, what you would expect out there. And when the bars are above zero tells us about a direct relationship that they're both moving in the same direction on average over a three day period of time. Now, before people get too hung up into dollar higher, gold lower out there. Well, we freely have to realize if we go back and we take a look at a longer term chart, this is a quarterly chart, just so I could get enough data out here for people to take a look at. Gold definitely bottom 2008. And I've marked out there that yellow line on the top portion of the continuous contract for gold. That's that matches right up with the dollar bottom. So we do have gold that is traded higher in the face of the US dollar index trading higher as well. But that correlation right now that is in place right here. This says that, geez, if the if gold is going to bottom, then we really should see the dollar form some type of top. Well, I mentioned that on the daily timeframe that gold was in a breakout mode. Now there's different A to B equal CD patterns are out here. I've shown the most conservative A to B equal CD, which shows that we're already at the 1 to 1.272 expansion level. That's the upper left hand chart. If we take a look at the weekly chart and the upper right hand panel, what we're going to see is that prices run into both trend line resistance and the top of its weekly profile. Now this is what's referred to Tom as a bearish structured weekly profile. And that says from the US dollar index that where sellers are lined up is between 102 54 and 103 49. So what I would say is that if gold and not gold, if the US dollar index close above the 103 49 level, then that A to B equal CD pattern on a daily timeframe that extends itself, the only other resistance levels at 103 62. So we got 103 49 and 103 62. And 103 62 is the center of that monthly set of profiles on the lower left. So I guess what I would, what I would say here, the last piece that I would say about the US dollar index is it's trading into a real significant resistance zone. And so not until I see a weekly close of a 103 49 and that this helps me better understand the likelihood that the eighth TD nine count bottom for gold will actually take effect out there. Now, when an instrument bottoms on a larger timeframe, what I like to look for is smaller timeframes that will go ahead and confirm what it is that we're looking at. What I mean by that is here is the daily chart for a gold. Now this was snapshot and maybe about an hour ago or so. And here I take a look at a five hour chart, a four hour chart, a two hour one hour 30 minute 15 and all the way down to the 10 minute timeframe chart. So as of an hour ago, the two hour and the four hour charts had confirmed rogement to indicator bottoms on the five hour chart. All that needs is a bullish reversal counter bullish engulfing candle, bullish reversal candle at the end of the session out there. So that may or may not come to fruition, but we can also see that the 30 and the 60 minute charts have confirmed by the D point pattern. So I'm the 60 minute chart or the 30 minute chart, I should say, I've drawn in the A to B equal CD to the downside. Well, if you take a look at the 60 minute chart for the daily, it's got that same pattern in there. And there's your bullish reversal candle piercing candle that I'm sure that Teddy's going to talk about this evening. And on the 15 minute timeframe, we had a nice TD nine count rogement to indicator bottom. So what we're seeing here in gold is we are seeing what I'm looking for, which are the smaller timeframes identifying bottom patterns. That's just one element of it. Another element is the key resistance because it doesn't prove itself until price can take out resistance. Now this is the 30 minute timeframe chart for gold. This shows the green horizontal lines of the TD nine count breakdown resistance levels. What we can see is gold has not taken any of those levels out. In fact, 1953 60 is the number to be paying attention to because we can see that gold rallied up into that level. It was not able to overtake that. And so if gold is really going to identify a bottom time, we need to at least see a close of 1953 60 out there. Silver is also going to form a daily TD nine count bottom. And the number to be watching here is 2206. And lastly, Mastery probably those subscribers, they receive this market analyzer market analyst similar to this. And what it does is it helps to identify what's going on with regard to either the Roseman to mitigate or tops or bottom and the daily TD nine counts. So I'll just leave folks with this. And that's at the spies, the cues, the XLK and Tesla each have bottoming patterns, which would go along with it. If the dollar fails, this market wants to go man. Yeah, right. Interesting. So we'll see if that resistance area in that weekly chart if that holds and folks very easy to get Steve's newsletter come over to our website at TFN and you're going to go into newsletter is you're going to see it on the right hand side. Steve, you have a great one is safe when we look forward to show tomorrow. Thanks Tom, take care. Stay right there, folks. Come right back. The gold report. As a precious metal gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market and the Shanghai gold exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African Rand, as well as 25 different mining equities with specific buy cell recommendations. The gold report. New subscribers get a 30 day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com. 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. TFNN has just launched their new trading room, the Tiger Zen. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger Zen, available to all Tigers and Tigresses for just one dollar for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. So it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. 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 to the Dow. The Dow industry is right now and I'm 57 and that's except 100 SAPs are up 13 and if we do go into the notes let's go into I want to look at this tenure again because TY1 let me see this generic one because this thing looks to me like we're going to bust it T while we already did bust it but generic there we go because the tenure today folks is 4.18 the high for the year is 4.243. You can see the last time we were down here the tenure saved itself at 109.24. Well we hit 109.24 and you're 109.31 and this doesn't look like it wants to turn right here. So if we pull this back and take a look at this this is telling me that this is going to get pretty intense actually. Well that's not that bad I guess. Well 109.26 No 108.26 is the next low. So that's game that's on let's see so I had the monthly that's about a year ago. Now we want to see like OK if we break that what do we do like God and believe how far I got to go back on this one. Look at this. This is crazy. So I'm going to bring this back 30 years right now. OK. So yeah I see it's happening here man. This is dangerous. This is really dangerous where we are. So this thing could get down into the 104 area. You know you don't you don't have a lot of support right here. That's the bottom line. You get down to that 104 area and that interest that 10 year is going to be five percent. So that is one monster number. There's no doubt about that. And the 30. Let's just look at this for a second. So the scale out here today the two year. Is two is so check this out. The two years four point nine. The five year is four point three. The tens four point one and the 30. Is four point two. No matter which way you go with that you're talking about some heavy interest rates inside the N.D.X. 100. The strength today you get NVIDIA up six and a third percent. Micron up six point two. Marvel up four point four. Dexcom up three point eight. That's interesting. So it's all the chip stock. So let's go to the NVIDIA the leader and see how they want to counter trend bounce here. Well it's not a counter trend bounce. Look at that NVIDIA. Oh my God. There's no there's no volume in the market but there is volume in NVIDIA. Unreal. Yep. Let's look at M.U. Same deal. So let's not quite show what happened in the chick. Yeah. I mean they're buying they're buying a period. Yeah. They're buying the chips into a fist that that might be the only thing they buy it but they're buying a Hindu fist. Taking the N.D.X. Loa is that you got aluminum down three point two percent. Makata Librioff to Tesla's off one point seven and Moderna's off one point five inside the Dow industrials. We take a look at the Dow industrials point wise here. You have Salesforce putting 17 positive points visa 15 Microsoft 10 taken away from it Goldman minus 27 Amgen minus 16. Nothing heavy. Let's go to the bank stock. So start with J.P. Morgan take a look at J.P. Morgan. So this baby's setting up. So that's going up with light volume. That's not telling us that it wants to go higher. You got Bank of America. Bank of America was lower price. That's actually trading sideways. It's probably going to go after this gap at the twenty nine fifty five area. Let's go to the oil market and take a look at oil. So oil trade is the eighty three oh nine today. I mean there's volume. Where are you? There we go. So you rolled. Yeah this pulling back and looks like a rejected lower price with light volume. You know you did two two hundred fifty nine thousand contracts but that's going into huge contract volume. So that's not done going down yet. And if we go to the XL E and we take a look at the XL E that's going to need a lot of more volume. But it's hanging in there for sure. This will be like you know if this can break its top. You know you can see I put it on a on a weekly got one two three tops that the first top goes all the way back to January of twenty twenty two on the monthly the volume at the highs six point five. Last month we did three hundred seventy five million. No five five I'm sorry the monthly five five hundred and twenty million. We did three seventy five. So it's going to need more volume if in fact we're going to get higher price coming into that. Tesla let's go over the Tesla and take a look at what Tesla's up to. OK so it went past the gap. The gaps two thirty five twenty two. No it's two thirty eight. OK it's not by the cap yet. See that's intriguing. When you do it like that it looks like it already is. Oh I see it went down to two thirty three and rejected it. OK. So if Tesla can basically get something going this is what it did it went down. Filled one of its gaps and you see whether they can get any juice going. You know the next time Tesla comes out with numbers is going to be October 19th. And then if we go take a look at Metta. This is the setup right. Metta is going up on light volume. You got Google. Oh no let's go to Amazon. But before we know it we're going to be stopped talking about orders for Christmas at Amazon. Amazon's up a buck thirty eight that a gap tire. Doesn't look like it's going to go fill that gap just yet. Now Dow industry is right now trading down fifty three Nasdaq's up a hundred nine S&P's up fourteen. Don't forget folks a man Teddy Kake stack. He's going to be doing a nice candlestick chatting workshop only ninety five dollars and it's going to be archived beyond your page for as long as you want to do it over and over and over again just come over to our website at TFN and it starts at four o'clock this afternoon and if you're not there it's no big deal it's going to be on your page you can go over as many times you want stare at their folks who come right back. If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN dot com TFNN educating investors. 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So you have a high volume low here. Let's pull this back. So the TLT is the 20 year plus folks. Yeah it's going to go test that real question is the way this thing is setting up man the way this whole thing is setting up meaning that it looks to me like you know these these rates are not done yet. That's that's how it seems to be setting up and that's going to be saying that the inflation is stickier than they're saying it is which I think it is it not think to me it is periods. I mean it's like if they really want to get down to two percent man you get a lot of work to get down to two percent. Huge amount of work. Some of the higher volume equities out here and it's going to be a low volume day because you remember something we're still in summer. You know the folks in Florida have gone back to school but the bottom line is that most of the country goes back Labor Day. So we have AMC that's getting smoked that's down a buck seventy out here. U.S. Steel U.S. Steel is up eight dollars sixty cents you know it's amazing here let's go to U.S. Steel for a second because this always blows my mind actually when you when you take a look at prices right. So U.S. Steel the low seventeen eighty eight the high is today thirty two fifty two we're trading at thirty one thirty two and what this is about is that Cleveland Cliffs is coming after them and I think it's amazing is that when you look at both of these stocks years ago there was nothing there but what blows my mind is this this is what it's always wild right. So when you take a look at it well you know you can you have to only go back to February. Yeah February and the stock was there anyway. So it's like it's so wild that you know you can get a company try to take another company over you know and OK so you get the whole company that was only last February if you go back you know two years I know a year and a half to April it was at thirty nine dollars. You know so it's pretty amazing and the reason they wanted folks is that they it has to do with the aspect of the type of furnaces that U.S. Steel has been putting in since they got that new CEO and he's been there about five years now and what those furnaces are all about is that they put in scrap to get out iron and they're much more efficient and you know it has changed the trajectory of U.S. Steel. You know in Cleveland Cliffs has been rolling up steel companies the thing that's going to be amazing is that if in fact Cleveland Cliffs does get U.S. Steel they will own a hundred percent of the U.S. production. No the U.S. iron ore. Yes the U.S. iron ore because that's that you know there's plenty of iron ore but you know but the bottom line in the U.S. there isn't but between that there is so that's going to be really interesting to see what the regulators have to say about it you know. So it's it's it's pretty wild there's no doubt. Let's take a look at some of the other higher volume equities out here. You have Johnson and Johnson that's down sixty seven to get Cleveland Cliffs see the market loves the Cleveland Cliffs is up a dollar thirty two. Let's let's pull that one up. CLF. Yeah. The market is digging that because you can imagine the pricing power right. And CLF. Has a disgusting shot compared to U.S. Steel. So we'll see whether it's going to take place but that that shot is day and night. I suspect what's going to happen they're going to be fighting them tooth and nail because when you do get that take over you get you know. Oh here's one hey look at this. This is such a bummer what's happening in Lahaina and Maui but you get Hawaii electric are cut in half out here today folks and you can see it had volume on Friday on Thursday and Friday when these fires started. And you know this is speculation out there right now but the bottom line is that you have the heat you know there's going to be a lot more than just you know their cable boxes bottom line you know if that's the case but you can see that the equity itself this is like you talk about getting toasted. My God look at that bar. Yeah because what they have in Lahaina also is that they had fire hydrants that weren't working they had a lot of problems and if you've ever been to Lahaina it's a one beautiful little town you know I used to hang there for quite a bit of time in the 80s for about 5 years because I was doing a huge amount of business in Honolulu and as soon as I finished the business I'd go to Lahaina you know because it's literally it's an old town it's right in the water I'm sure it got built up over the years that's talking 50 years ago 40 years ago but you know it still had the deal and you could go offshore and catch mahi mahi like wild and you know how crazy this is listen to this that was then I'm sure I don't know I'm not sure if they're going or not but the way that you would the fishing boats would go after mahi mahi they would still be going after the cargo nets so if you saw a cargo net you were on the probability of getting mahi mahi went up so dramatic it was unbelievable and those cargo nets folks were still from World War II how's that you know you'd be out you don't have to go out like a mile you got your cargo net boom you put those rods out man you know so as soon as you bring them in you know it was a fishing village that's I mean when I was there was a fishing village I'm sure it's got a lot bigger you know Apple let's go take a look at Apple out here so Apple can't get anywhere it doesn't be interesting you know Apple bottom line is trying to get higher today but you can see that contraction of volume contraction of volumes 33 million you're coming into 97 million which is just a monster that is just one monster number and then if we go to look at the small caps we take a look at those small caps out here well they've rejected lower price they got they got down to 188 64 the gap was one in 90 08 now see that one would operate correctly versus let's go look at the spy for a second because the spies try to get higher with lighter volume versus see that the contraction here in the spies and say 38 million going into 93 million now the granted you know Monday's and Friday's the light volume in the summer is no doubt so right there folks come right back we have the now down right now down 20 Nasdaq's up 117 S&P's up seventy and a half will come right back are you ready to take your trading to the next level introducing Tom O'Brien's award-winning newsletter market insights your key to successful active trading Tom O'Brien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real time analysis and trade recommendations delivered straight to your inbox whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of 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Steve Woods of float analysis That's a beautiful thing I know you upside down totally man How you been? I know you do Tom I remember when we used to do workshops together and I remember having that first dollar so here's the big time I've been working with float analysis you know it was at its peak was 20 years ago right and then once when that recession came back in 2003 or something everything went sour right because all the money that I've made in the dot com bubble just exploded to the downside and you know and I and then the guys they were doing my flow charts that was a mistake right because there's float analysis is so nuanced anyway here's 20 years later and all of a sudden I discover that the software that I've been using for several years that I can make a float chart right on it nice all the data and so and so here's the stock in video let me tell you what happened to it you know it broke out right to the upside when it announced that huge amount of money that it was going to make yes back on May 25th right well hardly anybody's been selling it since then because as of today the float turnover which is a hypothetical change in ownership has goes right back to the turnover goes right back to that day and the price this morning when it hit the when it dropped out at the open it it hit them the midpoint which is a support line okay and so I jumped on that baby and it just turned right around and went up so you and you know Tom I use I learned so much from you years ago working doing those workshops with you but particularly the volume in the background that is so powerful when you can find that volume in the background well listen man it's a pleasure hearing from you Steve give us give us a buzz again Steve man okay cool oh okay great it's just the end of the show sorry man I remember folks the bear can claw your heart out the bull can run you over and thank God there's always another trade health happens in prosperity have a great night folks have a safe night come back and visit Tommy tomorrow morning 9 a.m. kicks us off