 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 to TGIF folks. Let's make it a great one. Serve the one you love Once you decide to be a couple you have to serve the one you love to serve your love to your lover and every kiss and every touch You feel you're there to please the one you love without expecting anything Let's take a look at it out here. We have the Dow Industries down 43 Nasdaq up 18 S&Ps down one gold contract down three dollars and 80 cents trading at 14 62 an ounce We have silver down 19 cents 16 dollars 81 cents an ounce light sweet crude flat 57 dollars 40 cents a barrel notes and bonds you get the 10-year note flat at 128 12 the 30 year off 8 ticks at 156 13 and King dollar King doll up 222 ticks trading 98 363 the euros at 110 the yen is at 109 point 1 7 and the euro and the pound is at 127 to 1 the US dollar My phone number is 877 9 to 7 6 6 4 8 give us call folks One know it's going on in your world and the world of the S&Ps. Let's take a look at them What do you have? Okay, so what do we have out here folks is that you have the S&P? I'll put these on a weekly basis so you can see how these base bees are shaking out the S&P right now Yeah, you got a flat market bottom line though this whole week here at all-time highs cash S&P We're gonna see a little dogey at the highs out here. We'll get up to 3097 lowest 3065 you're laying out here at 3084 and the X100 you're gonna see it's the same type of setup and we put this on the weeklies It's gonna get kind of intriguing actually because these you look like they're gonna be all little dogeys and little dogeys Bottom line if you get a down market next week that that's basically a bear signal And the end the X100 the high out here at 8271 Low 8157 and right now you're at 8229 now industrials. Let's see we get so S&P's went to an all-time high the composite went to an all-time high and the X100 when it went to an all-time high as Did the Dow industrials we take a look at the Dow industrials now the Dow industrials the only one that is not a dogey up at those highs Bottom line Dow industrials did make an all-time high though 27,774 if we go over to the Russell 2000 hold it from ballgame the Russell 2000 Bottom line just continues to be the weakest end to see the Russell 2000 had its high registered and at Deast and July of 2018 and what you do have inside the Russell those you got another dogey up there The the Russell was trying to get to the 1618 mark which would have been the high of the swing point established out here and May of 2019 Bottom line didn't make it, you know, so we'll see where that whole thing shakes out But bottom line, you know, I suspect what you're gonna see out here is that you're gonna see a slow turn I mean this market is shucking off everything. There's no two ways about that Happy said though. Guess what it's having a hard time getting a higher price also, you know The crawl was there now gold contract gold bottom like it slammed this week We got we take this right now and we take a look at it last last few days first off What's that? Okay, so we had out here, you know went from a price point of 15 17 year hit 14 57 you're 16 You're at 1462 yesterday volume was a 675,000 contracts now what with gold is doing is this 14 for 1448 the number Yeah, so 1448 to break out area The top of that is 1481 we're at 1462 so the way that sets up folks is that and then your swing point is 1465 So we'll see whether it close over the 1465 1465 would that'll be sweet little deal. I don't expect we're gonna see that coming into a close out here today though Gold hasn't Gold's been dead basically since the pit closed Let's go take a look at the silver market out here si z9 and What we have inside the silver market silver also got slammed out here one second Silver's trading at a price point of $16 and 81 cents Silver also had large volume on the way down yesterday and Silver also going into a breakout area. This gets interesting now. It's silver for sure Well 1658 well 1658 is game That's the breakout area from the 7th of August if we go take a look at the GLD So you can put the price together with the volume and we'll bring this and we'll put this on a weekly basis There we go So what you're gonna see here is that you come down with 45 million shares and you're going into 76 million So GLD itself to get to 130 705 We've made it thus far to 130 741, but the contraction of volume is there and it's there in spades now notes and bonds Let's take a look at it. They smoked the note and bond market also this this week. We had that note and bond market break the Believe it's the August laws. Yeah, it's no September 13th swing lows So bottom line, we broke the September 13th swing low We we put this up that was so intriguing about the note and bond market is this folks. Okay, is that What do you have is this When we came down well first off The high was 132 13 the last six months. It's on the 10 year. We came down hard and fast to 128 16 and we did that on The 13th of September now that that itself had a big volume We do a nice bounce. We get all the way back up to the price point of 132 We come down. They blow apart this swing point here. We did 2.4 9 million versus 2.6. So you did more volume The key here is going to be this breakout area You down to the breakout area for sure the breakout area is 127 21 That is in the 30 year now The 10 year in the 30 year that that breakout area is much lower. So you're going to need a lot more juice to get into that 30 year breakout area than in the 10 the 30 years 150 409 if we get open we take a look at the tlt Which is the 20 year bond ETF What you're going to see there we put this baby up you put this on a weekly also You're going to see in this particular case we came down with 59 million shares and 59 is going into 989 and 69 so the bottom line even in the in the etf market You can get down this 131, but it's going to need a lot more volume to break it down stay right there folks come right back