 It's 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 727-873-7618. Let's go to Eddie and Bookarton. Hey, Eddie, what's going on? Hey, Tom, how are you, man? I'm doing great, man, yourself? Good, good. It is a treasure to have TFNN every hour during the trading day to be there to help you to guide you. And even to give you some peace of mind or like somebody else is there with you while you're trading this crazy market. These are up or down. Well, listen, we appreciate you growling and prowling us out here because we wouldn't be out here, folks, if we didn't have all you guys, gals, tigers and tigers as clients. And, you know, the market teaches you every single day, man. Now, Tom O'Brien. 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, grow so big when it's happening. Great day, safe day. It's making a great week, folks, and a great month, June 6th. Here we go. Surrender and let go of the past. Whatever life takes away from you, let it go. When you surrender and let go of the past, you'll always have to be fully alive in the moment. Letting go of the past means that you can enjoy the dream that is happening right here, right now. That's an amazing card, folks. Market-wise, let's take a look at it out here. We have the Dow Industries down 158, Nasdaq off 25, S&P's off nine. Gold. Gold contract up $8.10. Trading is $19.77 an ounce. We have Silver down 9 cents at $23.65. Light Sweet Fruit up $0.26. 72 dollars flat, notes and bonds. Ten-year note, down up two ticks, rather. 113.29, the 30-year flat at $127.30, and King dollar. King dollar flat also at 104.015, Euro 107. Yen 139, the British pound, 124.01 US dollar. Our phone number's 877-927-6648. Give us a call, folks. I want to know what's going on in your world. The world of the S&P's, let's take a look at them. Well, let's go to the E-minis first. So, we take a look at the E-minis here. You know, it's been a sideways day, folks. The amount of energy that got taken out of the marketplace on Friday, that was a huge day. You know, we're gonna have Tim Water on it Monday. I mean, the first break, we'll see what Dad has said about that, but I suspect that's gonna be another sign of strength. You know, the intraday out here in the E-mini, you know, you just, you came down about 10 points, you know, you flip back around just as quick, well, not just as quick, you're down to, you came down to the 42.73, and then we just, basically, have tested it again. What's holding us up now is right across, if you want to see how this works, this is what's crazy. You're gonna see just a little bit lower at 47.69, it can get to that 47.69 for sure. That's where one of the, at nine, at 10 o'clock in the morning on Friday, that is where we excelled up. Now, this is what's wild, folks, okay? You know, on Friday, I was saying this actually, I felt the mic was gonna keep running because, you know, the bottom line is that you get a shot week, you know, bottom line, you're window dressing all of the above, and then it just kept going with no volume whatsoever. So this is the first time, this is the test of that area, that's what's going on here, that's what's coming down, it's coming down for that test. So bottom line looks like it's gonna be a successful test. We go to the end cues, and then we go to the spy. So if we go to the spy, you're gonna have shot volume out here today, no doubt about that. You know, going over the high, I suspect it's gonna, you know, basically close a little bit lower. The spy's down a point and a half right now. You know, but it's gonna, you know, bottom line is that the next swing point is 431, I suspect it's gonna go after that 431. We take a look at the three cues, same type of setup in the three cues. The differential in the cues is that the contraction of volume is pretty dramatic. You know, we're at 38 million right now. You know, we did 53, which was the contraction period because what we were doing is 72. So you went from 72 to 53. Now today we'll probably do about 48. And you know, you're not holding price. And when you start seeing those smaller price spreads, that's saying that, you know, we can very well get a pullback. We go into the gold contract. What do we have with the gold contract? Gold contract, you know, came down to the area of 17, and 17, 1953 today. It did reject lower price there. Right now you're at 1977. It has lighter volume. So there's a little consolidation in here. Now we don't remember something that the gold contract is in a confirmed ABC structure on the way down. This would throw it into a complex ABC structure. So we'll see how that worked. You know, we had broken the B point with volume. We got above it again. We came back down again. Friday was the down day with volume in a monster way inside the gold market. So I suspect, you know, we'll see, we'll see how that shakes out. And we get the king dollar. Oh, no, no, notes and bonds. Notes and bonds might take folks, okay? This is kind of a conviction also is that higher price lower yields are coming at us. You know, what you had out here today, you did 1.2 million contracts in the 10. You got to 113.10. You're at 113.29 right now. If I take this and I put this TY, and I put this on a generic chart, just so you can, what a generic chart does folks is tie them all together simultaneously. TY one and whoops. Here we go. Put this on a monthly. Let's do it this way. Let's do it on a weekly for three years first. Okay, you can see on a weekly with three years what you have is this. You actually have, at this point, we have one, two, three higher highs and three lower lows. My take is that rates have piqued out. And what has also happened here is this, is that this is gonna be really wild if that's the case. You know why folks? Because the market picked up on this last October. The 4%, 4.2% in the 10 was last October. So that's pretty intense. But you can see if you're a trend follower, this is a trend. This is a trend and that trend is saying that, hey, guess what, we're going up. And then what it also does is that we actually did break the trend and we did that all the way back in November. And so the next stop up here, or where it's going is 122. And then if we take, if we go and we take a look at the 10 year right now, the 10 years at 3.6, you take a look at this for the last three months, you can see it's 3.9 is the high, but then we take it for six months, you're gonna see the 4.0 and I believe that's, no, 4.2 over six months ago. That's what's going on there. 4.2 was the high two, look at that. There's a 2%, from the high to low, last 12 months it's 2% folks. That's amazing. So six months, we're talking 3.3 to 4, pretty wild then. And rates make a difference, rates make a monster difference period. Stay right there folks, you're coming right back, we have the Dow, Dow Industries right now trading down 135, Nasdaq's off 17, S&P's off five and a half will come right back. We have exciting news, Tigers. This June, Tim Ord of the Ord Oracle will be hosting two webinars providing insight into his renowned market timing methodologies. On June 8th, Tim will delve into the S&P 500 teaching sentiment indicators, identifying market bottoms and divergence and so much more. On June 15th, Tim pivots to the gold market, taking a look at cycle analysis, ratio studies, advanced decline indicators and other important tools for analyzing this sector. Sign up today on TFNN.com. TFNN, educating investors. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks and options. Teddy releases his weekly Tiger Forex Report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more. 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Expect notifications from Larry on market movement that 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. Free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back, folks, to Dow. Dow Industries right now trading down $155. We'll get the Nasdaq off $14. S&Ps off $7. And let's go over to our man, Mr. Tim Ord. Now, Tim, folks, is going to be doing a great workshop. For us, he's going to be doing a couple workshops. The first one is going to be coming this Thursday from 4 to 6 p.m. That's going to be on the S&P 500. The second one is going to be on June 15th from 4 to 6 also. And inside of those two hours, folks are going to get a great hour and a half of education, a half hour of asking Tim questions, because the bottom line, he has some great indicators that you can put on your charts. But the bottom line, these indicators that, you know, bottom line folks just are not attuned to. That's where it really comes down to. As to looking at the market at lows and at looking at highs. Tim Ord, what's going on? Well, well beyond again. Totally. So let me ask you something, right? So Friday, last Friday, that was quite a day, right? Yeah, we broke out. My opinion, you know, we showed that weekly SPX to VIX ratio. Yes. And it was making higher highs and it leads the S&Ps. So it was predicting that the SP should break above that, you know, for, I think it's 415 area. Right. On the SPYs. And, you know, went sideways all through April and May. And finally, we broke out above that area. So that 415, 417 on the SPY should now be supported. So. Right. And as you're looking for, you look at that sign. It's not going to be still in May, go away type thing. So if May's up, a lot of times, that kind of carries through the summer. So we'll have to wait and see. Yes. So, you know, we talked quite a bit, Tim, about the aspect of, you know, what happens when you use your indicators, looking at panic lows and lows, right? And, you know, so, you know, like, I'm looking at the market today, it's like, I can understand why the market's just going sideways. It's down a little, because the amount of strength that it took on Friday, right? You know, let me have the Dow up 700 points. Everything was up, like, dramatically. What, like, the, between the tick and the trend, what do you look for when you're approaching highs? The highs, actually, at 10-day average of the trend, around 0.8, you've got to really be careful. Matter of fact, when we, if we start approaching that level, I'll start showing that indicator. OK. You know, on our shows and stuff like that. Right now, we're 109. OK. And usually, 10-day average, around 120, we're usually looking at lows. Ideally, you know, major lows, that get up around 1.5. So, but, you know, if we kind of have a trending market, it usually stays above 1. OK. And so, we got, like, 109. That means we can still go higher. But we start getting down when everybody gets exuberant, now that trend is the, well, I'm going to go back to the definition of a trend of TRIN, is the advancing issues over declining issues divided by advancing volume over declining volume. And now, if you do the numbers, when all this, all the volume starts going into the upstocks, that trend starts to drop down below 1. Right. And the more stocks that are going up with higher volume, the more dangerous that trend becomes. And when you get a 10-day average, around 1.8, you get quite a bit of exuberance going into market. And so, it's an area where things don't last for long, and things can get ugly really fast. Yeah. You know, it's interesting what you brought up last week, is that, you know, when we were talking about the aspect that, you know, you were coming into a panic low a few months ago, like just today on that little downdraft that we got, Tim, right? We got a downdraft, a downtick of minus 12.95. It's like, you know, what Tim was talking about, folks, is that every just little pullback at all, it almost seems like people are panicking. You know what I mean? It's like, OK, well, you know, that's not the end of the world, man. You know, you just came down 10 S&P points. But I thought that was kind of intriguing, right? You know what I mean? Because, yeah. You know, actually, Joe Granville had it back. You know, he's not a manor, but he was kind of the, oh, him and that. I can't think of his name. You know, Joe Granville, he always called, you want to have a wall of worry when the market's going up. And he didn't really quite understand how to define exactly what indicator is a wall of worry. So I kind of always followed him. So if the market's going up, people are worried about the market for some whatever reason, you know, debt ceiling or interest rates are too high or too low or something. There's always a hook in the market that people worry about. They're afraid to buy because it's a wall of worry. And those are the type of markets you want to buy. Right. And let's get back to that trend thing. So as the market's going up, the trend kind of stays relatively high above one. As you see, you know, people are kind of worried. But when everybody's convinced that, yeah, this market's going to go through the ceiling, that's when the trend drops low 0.8. That's when you get these highs. But the wall of worry is kind of a key here. And there's really no, you know, from the stuff I'm looking at, there's really nobody really bullish here. So I mean, listen, I can see it. They're not scared, but they're not bullish either. You know, I mean, like, let's say six, eight weeks ago, even when you're coming on and saying, hey, man, this thing wants to go higher, I remember everyone in the trade is down and saying, oh my God, you know, like, you know, a lot of us were bearish, me particular, right? And then I was saying, I got a feeling this thing's going to go higher now. And it's hard to wrap your head around it because there are so many things out there and because we've gone so high. But guess what, it is what it is, man. You know what I mean? So it's like- Yeah, it is what it is. It takes you a while to, you know, figure out what kind of a, you know, the fear gauge works well, the trend works well, the ticks work well. Yeah. And that's really gives down to what the market really thinks what's going on, what people think. And I do look at sentiment indicators too, when everybody's going to lean and bullish, I got about five pretty good ones that have worked, have stood the test of time, I guess you might say. Yes. And when everybody kind of chugs in, I look at the individual investors, the money managers, and actually I look at the call ratios, equity put call ratios, you know, whatever people are buying and leaning on the put side, that's usually a good sign that public's pretty bearish. Right. And all those things come at low. So, you know, if you're scared to buy, it's usually you probably gonna make the money. That's good. Not with you, man. If you're not scared to buy, you may be doing something wrong, so. Yeah, no, I can see that. Well, listen folks, okay, you know, Tim is an amazing technician, you're gonna have not only a blast, you're gonna learn a huge amount about how the market moves. And people will be asking you later like, how do you know that? Okay, that's the bottom line. So come over to our website at TFNN, you're gonna see them right on the front page and the featured content. You can, you know, go to both workshops and go to one workshop, just hit that banner. It's gonna be from four to six p.m. this coming Thursday, man. Well, listen, it's always a pleasure, Tim. You know, you have a great one, a safe one. Of course, we look forward to speaking to you and look for the workshop in a big way. All right. Thanks, Tim. Have a great one, man. Have a safe one. Stay right there, folks. Come right back. 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-sell 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 in 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. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, and now they are expanding their reach with the Tiger's Den available to all Tigers and Tigresses for just $1 for the year. There's no cash or at it 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. 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, to Dow. Dow Industries right now down 176 Nasdaq's off nine. It has to piece her off seven. XBT, we gotta go, we haven't done this for a long time, but guess what? You're gonna be back in the news here at Bitcoin. So this is gonna get intriguing, particularly because you can see this break here today, 1800 bucks, it's a big number, man. It's particularly a big number because if we go like this and we put this just in a three year, Bitcoin itself, folks, had only done a 0.23 retracement. It couldn't even make a dead cat bounce. That in itself was pretty intense. And so what the news is, and this is where it's gonna get really intriguing because the news today is that our SEC, US Security and Exchange Commission, basically accused Binance and the Chief Executive Officer of basically, you throw it all. They got, they were accusing of everything, basically. Mishandling customer funds, mislead investors and regulators, break and security rules. You know, the 136 page complaint that was filed this morning. Conflict of interest, you name it, it's on there. The thing that's so intriguing about this is that all of this has been out here for so long. Let's just go through a few of these, okay? Binance is saying they call in, disappointing saying that they engaged with the SEC in good faith negotiations to settle them out of the exchange. Also said that the SEC was misguided and not providing clarity over the rules for digital assets. While we take the SEC allegations seriously, they should not be subject to an SEC enforcement action, let alone an emergency basis. Among other allegations, the SEC, that two Binance linked tokens, BNB and BUSD. Now BNB, folks, is the largest token in the world, okay? He started this in 2017. It is 2023, right? It took the SEC six years to get to them. It's bizarre, the whole thing's bizarre, man. Because anyway, the SEC alleges that Binance and its US affiliates weren't actually independent from each other and improperly functioned as an exchange broker dealer and clearing agency. The key, one of the keys here, is that they're never gonna get this guy. I mean, he'll just stay offshore or whatever. But it's like one of those things that what has happened, and this is what happens in bureaucracy, they see the part where they say that the SEC was misguided and not providing clarity over rules for digital assets. Well, the rules are quite clear on what is a security and what is not a security, folks. And when you look at that, I suspect that most of these, particularly the tokens are actually securities, okay? Because if you, anyway, you get the gist of it. It takes six years to make a case and you have the largest one in the world. Well, this is gonna be another six years and now they're interested for 12 years. But you can see what it's actually done to Bitcoin, okay? Because, you know, Bitcoin and the rest of the world, yeah, unless all the rest of the world, you know, regulators go after them, which they might, you know, bottom line though, is that there's plenty of people that are in the United States that more than likely are basically, you know what I'm saying, hey, you know, I'm getting out of it right now, you know, because this chart doesn't look good. If Bitcoin breaks, or 25,533, 25,188, it breaks that, you get yourself in the next range to 19,000. And there's hardly any support at 19 and then you're all the way back down to 16 again. I think 16 was it, right on this get-go? Yeah, it was, 16 was it, 15, 15,008. But you can see when you look at a chart like this, that is not a good-looking chart. So we'll see where this is gonna shake out and, you know, the amount of bread that's involved, I mean, is huge. And this is when you're gonna see the power that is gonna be out there, meaning the law power, the law firms, it's gonna be huge, man, huge. Let's go take a look at some of the higher volume equities out here today. What we have, you have Tesla up $3.50. You have a full, it's up 17, Advanced Micro's up 30. You get Unity Software up $2.70. Intel's off 150. Let's go inside the MDX 100. So inside the MDX 100, you have Palo Alto. This is at all times, man. This is just performing beyond belief, man. It's up 4.8%. And now, I mean, it's just a huge performer. ZScale is up 3.5% and you got Zoom Video up 3.2. Taken away from it, Intel's down 4.5%. Marvel Technologies up 3.5%. And Cognizant Technology is off 3.6%. Inside the Dow industrials, the strength versus the weakness point-wise inside the Dow. So you get Amgen up 24 points, putting 24 positive points, we're down 164. Microsoft 11, taken away from it, 3M minus 28. You got Caterpillar minus 27, Boeing minus 27. Nothing heavy out. Home Depot minus 19. Let's get over to Home Depot for a second. Take a look at Home Depot. Because what we did have out here this morning, folks, yeah, so Home Depot can't get out of this consolidation. What we did have out here this morning is that, yeah, the producer price index came up. And it barely moved. So that may be the first heads up, folks, no, the manufacturing index. That may be the first move that, you know, it was 50, I believe it was 50.01 when it came out. I think that's what it was. I'll get the exact number, but when it goes under 50, that's when you start, two of them under 50, that's when a recession starts coming at you. So we'll see how that shakes out. What is gonna happen, I can tell you this, in the state of Florida, it's pretty intense what's happening in the state of Florida. Will happen in the state of Florida and January, you know, July 1st. It's already happened. Now, things slow down in the summer in Florida because of the fact of the matter that, you know, people go, people have a couple of houses that go back to the house and all of this. But we, the dissensus put a law into effect and this is really, this is gonna hit a lot of business. So particularly the restaurant business, the construction business, I'm not quite sure about the food agriculture business because they get so many visas that come in. But check out, this is what the law is. The law is if you have more than 25 employees, you have to absolutely use e-verify. And so e-verify is the government deal that you know, you're verifying your employees on a continual basis, making sure that they have all the correct papers, right? Well, the bottom line is that the fine structure is astronomical. The fine structure is $1,000 per day per person that you have employed. So what has already happened in the restaurant business is that folks who are already leaving going to, you know, Kentucky, Georgia, Louisiana, the construction business, that is the one that's gonna be the biggest mess. I suspect that's the one that's gonna be the biggest mess because there's definitely huge amounts of, you know, immigrants without papers, you know, all over the country, but we definitely have plenty of them. And if you run a company that has more than 25 employees, well, guess what? I don't think most of them are gonna hang around and it's gonna be like, okay, who's gonna do the work now? It's just bizarre. Stay right there, folks, you're coming right back. Dow, Dow is down 155, Nasdaq's off eight, S&P's down five, we're coming 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. 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The Perspectus or Summary Perspectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. We have exciting news, Tigers. This June, Tim Ord of the Ord Oracle will be hosting two webinars providing insight into his renowned market timing methodologies. On June 8th, Tim will delve into the S&P 500, teaching sentiment indicators, identifying market bottoms and divergence, and so much more. On June 15th, Tim pivots to the gold market, taking a look at cycle analysis, ratio studies, advanced decline indicators, and other important tools for analyzing this sector. Sign up today on TFNN.com. TFNN, Educating Investors. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks, a doubt. Now down 151 ASX of three, S&P is off four. Let's see what Apple has, folks. Okay, so this is one of the big announcements here. This is, let's see, let's put it over here so you can see what this looks like. Okay, so let's see what we have here. Apple unveiled a long-awaited mixed reality headset capping more than 70 years of development, vaulting the company into the market that could someday transform computing. The device called Apple Vision Pro was introduced Monday at the World Development Conference in California on the final day of the hot day. The price is $3,499, jeez, unbelievable. And they expect to arrive in 2024. In a wide-ranging presentation, Apple demonstrated the features and spotlight content planned for the product which resembles high-tech ski goggles including games, interactive video from Disney, from the Walt Disney Company. The headset is the latest Apple. Next big thing, a groundbreaking new product that can help the tech giant maintain sales. It marks the first major product since 2016, 2015. Imagine that, wow. Okay, so we all gonna be walking around like that? I don't think so, folks. It's definitely better looking than the one from Facebook, but we'll see where this thing goes. You know it's really wild when you think about it. So let's see, the company described, the new way to face it is by tail. Spottled computing, a feature called eyesight slows an image and shows an image in your eye on the outside of the headset where people are nearby. The product also show those people in your field of vision while you were in the device. An attempt to keep users more engaged with the outside world. You're not kidding me, man. I think these people are gonna wear these things, oh my God. The so-called digital crown, taking a turn from the Apple Watch, switches the headset between augmented and virtual reality. Apple said it started thousands of people's heads to ensure the product would be comfortable and filled more than, files more than 5,000 patents. Apple's launch set sets up a showdown with Facebook, Metapart platforms, which currently owns 81% of VR headset market. Disney CEO, Barbeca, joined the presentation saying that Disney streaming services will be available on the device on the day it launches. Yeah, so, okay, so you're gonna put a device on. Hey, we'll see where it goes. I was gonna say, you put a device on and you wanna watch a movie? I don't, I can't picture that. Well, I can't, anyway. Nothing gonna get my head wrapped around that. Because guess what? If you ever told me, like, 20 years ago that everyone would be walking down the street holding their phones and looking at their phones and not looking at the street, I would've told you you're already a mind too. I mean, 20 years from now, man. Wouldn't that be wild if everyone's walking around like a sci-fi movie with all these big goggles on? And all's we take, folks, is that whoever's not wearing the goggles is gonna rule the world. That's how this goes. Like, be like Musk of the World. They'll say, yeah, yeah, use all these products, use all these products. Guess what? Come to daddy. Come to mommy. Wild, absolutely wild. Copper, HG. Let's go take a look at this copper bike because what we had out here is that you had Southern Copper sign of strength as well. Okay, so copper's off the bottom. Let's look at this. I mean, this was going down for six months, five months to be exact. Okay, so not doing that much, but you're gonna see we had SCCO come off the lows. And that was definitely sign of strength on Friday. So if you, and what SCCO did is also tested its swing, rejected the swing, got underneath it. You can see how it got underneath it. The volume we were dealing with there was 1.9 million and 2.4. It went under it with 2.2 million. Then it went above it and then it really had a sign of strength with 1.9. Now you're backing down. See, this side I like to back down. See that 480? That's how I like to back down. That's in the copper market. Now what we also had is in the iron ore market. Iron ore also came off as lows. If we take a look at the iron ore, what you're gonna see this contract, we're dealing with 770 now. And if we go to Valley, you're gonna see Valley also broke out as lows, false breakout, break down rather. I put this on a weekly. See how this thing shakes out? You know, we came, we never hit the low. The low that we're talking about here on Valley is $11.70. It got down to 12.51 and decided, nope, I'm not staying there. Hasn't broken the downtrend yet. But that's kind of a heads up. Let's go to the oil and take a look at oil because oil, you can see the Saudis are desperate right now and it's not gonna help them. They had two weeks ago, one of the ministers came in blaming the shot sellers for basically oil going down. It's like, that's always an indication of folks that you get trouble in paradise. Today, they reduced their oil by a million barrels. That's their claim anyway. Oil ran as high as 75 pre-market. Guess what? 22 and this was lower price, man. That's how this is working. And it makes sense because when you look at the aspect of what folks don't really understand is that the Saudis right now only push out 9 million barrels a day. That's not a lot of oil. I mean, they can push out a lot more if they want, but they can push out a lot more because the fact of the matter is that little by little, that market is getting chipped away. First you have the Chinese sign wide open yet. That's a big deal. The amount of vehicles using less gas are making a big deal. And the thing that's coming in, I suspect, and it depends on, I guess, what city you're in, but I can tell you if I'm looking at Tamper in St. Pete, this electric bike deal is a big deal. Now this started out here, let's see, I believe it was five years ago. Five years ago the first electric bikes started in Tamper in St. Pete. And when I say started, almost every five or 10 corners downtown you have these little, a whole bunch of electric bikes, you just put your credit card on it, you just grab the bike, you drop it. In St. Pete, you gotta drop it at another facility, but they're all over the place. In Tampa you can drop the bike anywhere, which is insane. But they just did a new contract with a company that the bikes are actually better. And everyone's using them, folks. I mean, the bottom line is that, if you're only, they go 25 miles an hour. It's like, I can see that's little by little, that thing gets shipped away, man, as to how much gasoline and oil we're actually gonna be using. Dow, Dow Industries right now, Dow 142, NASDAQ's flat, S&Ps down to 250. Don't forget about it, man, Mr. Tim Moyd, folks. Go over to our website, sign up for that S&P 500, gold, both of them. 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 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. 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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. 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 Dow. Dow 1.16 has set up two S&Ps down three. Let's go to Saiko. Let's take a look at this is another copper stock and it was quite a move by most of these carpets. The same with Saiko, okay? Now what you have with Saiko, which is pretty cool, is this. I put this on a weekly and what you're gonna see, you came right back to its strength with light volume on a weekly. So the strength here, that was in December. We went up with 9.2 million. We just rejected it with 4.2. So that says now it's gonna go to the top of the range again. We'll see how this shakes out. Let me put this on a monthly for a second. So on a monthly, that's swing to take it out with volume. Yeah, on a monthly, this is a highly volatile stock, but on a monthly again, it's like, okay, this two that that high is gonna be had again, 267. Take a while, but you can see how this came down. Even on a monthly, see how this came down on a monthly, this came down last month with 20 million versus the last time we came down with 56 million. That's what you'd like to see. And it never made the last swing low. So that was higher price. That's telling me that the copper is off the bottom. You have iron are off the bottom. It's, my take is that right now you have a complex ABC structure down in gold. That's how this sets up right now. So we'll see how that shakes out. And this is gonna be about, this is still about the dollar folks. That's that's reality. It's still about that dollar. If that dollar wants to run to that 106, 107 line, you know, it'll hurt things. Oil might take oil still wants lower price. And you know, if we break this first level of the oil, it will still fit this 71. I mean, that's 60 dollar level and oil is game out there. That's how this is shaking out. So we'll see how it all shakes out. Always remember folks, the bank and claw your heart out the book and 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. Kicks us off 9 a.m. Great show folks. Real, look at him folks.