 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. This is awesome. Come on. We're going over to Paris. What's happening? Hey, Tom. It's Adam from Paris. How are you? I'm doing great. Adam, yourself? That's good. Long time no talk. We appreciate you grabbing a problem with us. Yes, sir. I've done gold reports and all the softwares and all your books in red. It's generational. Thank you. Thank you so much. Appreciate it. Yes, sir. 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, whatever you think about, you bring about whatever you focus on grows so bad when it's happening. Great day. Safe day. Let's make it a great week, folks. Create the perfect relationship between you and your body. Treat your body with all love on a gratitude and respect. When you make it a goal to do your body and accept yourself completely, you'll learn to have the perfect relationship with anyone else you are with. Market-wise, let's take a look at it out here. We have the Dow Industries trading down 54. Nasdaq's up 22. S&P's up 4. Gold. Gold contract down up $4.40 traded at $2,029 notes. We have Silver down 12 cents, $25.80 notes. Light Sweet Crude up $1.77. $73.11 a barrel, notes and bonds. A 10-year note trading down 16 ticks at $1.1507, the 30-year Dow to 4.2 ticks at $1.29 and $1.00. King Dollar up $166.00, trading $101.00, $374.00. The Euro is at $110.00, the Yen is at $135.00 and the British Pound is at $126.00 to $1.00 at U.S. Dollar. Our phone number is 877. 927-6648. Give us a call, folks. One note's going on in your world. In the world of the S&Ps, let's take a look at it. What do we have? Well, let me bring up the spy first. So, you have a big day on Friday. That being said, the bottom line is that, you know, you still are not at the highs. Friday, what we did do is that you had the price spread, but you didn't get the expansion of volume. So, this is going to get really intriguing in here because what we did is that we did the 87 million shares and that 87 million is actually going against the good, what is that, 101 million. There's going to be a toss up here. That's the real bottom line. What we have out here today, you get light volume out here today. You get a sideways move out here today, too, though. Right now, we've only done 38 million shares. Well, now, let's take a look at the future. I brought this up when I was just doing the update. Now, this is really cool because you don't see something come back just this fast. We'll see how this shakes out, but what we do have is this. Now, you get a high volume low that's laying out here like a monster, 4137. We came down 17 S&P points in about a hot, yeah, literally a hot, yeah, like 30 seconds. Now, it only took 20 minutes to get all the way back to upside. Bottom line, you got back to upside. Now, you're under the high, so the probability is once we get under this high, we're right, let's see, the top of that range is right where we are now, 4154. Let's say you get to 4152, 50, bottom line, the probability goes up dramatically. We go after that high, and there's plenty of time to, I mean, that high volume low, and there's plenty of time to go after that high volume low before we close today. NQs, we take a look at the NQs out here. Same type of setup inside the NQs, did the same thing, just came out of nowhere. Something to keep your head wrapped around also, folks, okay? The move and the NQs as well as the S&P. Now, the NQs haven't got back inside that barrier, but when you get moves like that, that's an indication that we still have a barrier that's happening out here, because what happens is this, is that when you get moves that come out of nowhere and go down, that's a barrier. When you get moves that come out of nowhere and go up, you get, you're inside a bull. That's how it works. That's just how it is. So, that move right there, you know, I'm sure that the computer's got hold of something, meaning out in the web, and then they decide that up. That's right, we're wrong about this one, but guess what? That high volume blow is going to get tested. Gold, we look at the gold market out here, we have with gold, gold's in an ABC structure up. You know, took out the B point, took it out with volume. Now you get a complex one because we came under the B point again. Bottom line, gold's going to continue higher. And now, this is where it gets dicey, because, well, first, let me go to the 10-year. Because the 10-year, the Fed might, you know, well, the Fed has been going up, but the 10-year, you can see we made it to the top of the range. And the 10-year is looking like an ABC structure in the way up. Because what we did have is this, is that you can see on Friday, you back down with 1.2 million, today you're only backing down with 827,000, and then we hit a high with 2.1 million contracts. So you're coming into those highs with 2.1 million contracts, that is saying higher price, lower yield. And then we go over to the gold contract. I mean the dollar, and this is the turkey one, for sure. The dollar, you know, has bet at these lows for quite some time now. And it keeps rejecting price, keeps rejecting lower price. And, you know, like when you look at it slightly, it's like, okay, you know, we do have higher lows, but just bailey. So we'll see where this shakes out. We're at 101.372 right now. We went to 101.041, and hey, we'll see how it shakes out, man. And the danger is going to be in, you know, breaking out those lows, you know. So we'll see how it shakes out. Some of the higher volume equities out here today, and today is not going to be a high volume day at all. You have Teslas up a buck. We have Advanced Micro up $5.5. We got Cavana, that's moving out here. It's pretty wild. It's up $2.5. Nvidia's up $4.5. Let's go look at Nvidia. Tyson Foods is down $10, I guess. I'm not eating chicken anymore. NVDA. Let's go take a look at NVDA for a second here. Okay, so that's another high. Tyson, we'll go to Tyson, see what happened here. This thing is dropping $10. That dropped out of bed. Well, this has been dropping out of bed for quite some time. It's talking about from... This stock has got cut in half. They got something wrong with this stock. Look at that. Oh, my God. So this is going after high volume. If you want to see high volume lows, how they go after them. This is amazing, man. Every time I see this, folks, it blows my mind. Even though, you know, now I'm going on almost 25 years since I wrote my first book. But these high volume lows, man, they go after them. And you can see, you know, we're only... It's at $42. It's $8 away from it now. And this is an equity that you had to consolidation. It got all the way up to... After the high volume low, it got all the way up to $100. And the high volume low is $42. How about that? Now, that's insane. No doubt. Our phone number is 877-927-6648. It's down 62. Nasdaq's up 14. S&Ps are up one and a half. Stay right there. Folks will come right back. 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. And he also has weekly coverage of the crude oil market and the 30-year T-bonds, as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive. He just hosted Forex Strategies and Fundamentals What is Behind the Tiger Forex report. For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. 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 market's 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 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. Free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back folks to Dow. Dow Industries down 71, Nasdaq's up 9. S&P's a flat. Let's get over to our man, Mr. Steve Rhodes, as we do each and every Monday at 20 past the hour. And don't forget folks, Steve's does an outstanding show here every trading day. 1-2 Eastern Standard Time also has a great newsletter, Mastering Probability. Now it's very easy to get Steve's newsletter folks. Come over to our website at TFNN. You're going to see it right under Featured Content. You just hit that little button. You hit Subscribe. You can get Mastering Probability for one month for $149. You can get it for six months for $695, which is a savings of $199 at 22%, and you get it for one full year for $1195, which is a savings of $593.33%. Now they all come with a 30-day money back guarantee. Steve has a huge amount of information that he sends out to the subscribers each and every day. Come over to TFNN. You want to feature content and hit that button. Steve Rhodes, what's going on? Good hockey. Well, congratulations. I know. Listen, man, it's a beautiful thing. There's no doubt, man. I can't believe that both the Lightning and the Bruins are out, but it is what it is, man. And that Florida played so well when we were up in Toronto, and then yesterday's game, that overtime goal. I don't know if you caught that. I did. I did. Yeah. That passing behind the net there, was that not great? Was that unbelievable? I know, man. Those guys forward-checking and digging that puck out and backing. What a great, that was a great play. And a lot of people, I just think, didn't really pay much attention to it, but that was a great play. It was, man. Right in. There's great, great, great games. And what's nice is that Florida's off, well, in Toronto too, but they don't play their next game until Wednesday. Yes. So it's nice to have, as you know, playing that game. It's nice to have an extra 24 hours worth of recuperation time. So you mentioned that there was some unusual activity that we saw, maybe an hour ago, half an hour ago, or so in the market. So we're actually going to talk about a little bit of unusual activity or some patterns that, it happens, but it doesn't happen often. So the first thing though that I thought that we would start with is this is a chart of the S&P 500 for the last 95 years. Okay. And this shows the seasonal pattern in a pre-election year. Yeah. So we could see how it goes back. So we have, I believe there's like 22 or 23 instances of this. And the red vertical line tells us where we're at today. So that red vertical line suggests that we should see a top form by tomorrow. So fairly timely. That's if this pattern is the one that is in play out here. When I take a look at the daily S&P and the ES mini charts, we've got them side by side, left-hand sides, the ES mini. You can sort of see these blue diagonal lines. What these are representing are the A to B equal CD pattern. And for me, an A to B equal CD pattern is completed when they get a bullish reversal candle. Well, in each case, they had a three river evening star pattern up at the highs. The S&P cash index also has a wave number seven, just a portion of the Chapman wave tools out here. So we've got sell the D point patterns that are already in place. And what we have is we have prices traded up into resistance. So one of the tools that I share with subscribers is the oscillator and change line. I refer to it as OUL. And here that can act as a real key level of support or resistance. And so we've seen that the rally, even the rally on Friday, strong rally, but landed and stopped right at that resistance level. So we've got instruments that are up at resistance right now. When I looked at the 60 minute equity future charts, this was maybe about 45 minutes ago or so. The NQ, the Dow and the Russell 2000. So there's another pattern that I treat, that I teach folks, a TD nine count pattern. And each of those has a TD nine count top. Now no levels of support have been broken or no level of support had been broken when I had grabbed this chart out here. When I look at the other, and so here we say that the ES mini is supposed to top like tomorrow. And typically what we will see is some kind of intraday topping signal. But I don't have it for the ES mini. I've got it for the other three. And looking at the other intraday charts here Tom for the ES mini. So I've got a five hour, a four hour, two hour. There's a 60 minute, the 30, 15 and the 10. And what I did have at the time of posting this is any kind of a topping pattern. So nothing was present for the ES mini. When I take a look at market breadth. So market breadth, there's a couple different ways to look at it. One is looking at the advanced client oscillator, not referring to that here. Here what I'm taking a look at is by use of the task market profiles, we can identify whether a market for a specific timeframe is market breadth bullish or market breadth bearish. Here what we have is we have speed dials and we take a look at the S&P 500. It's bearish for its weekly, it's daily and it's 60 minute timeframe. But the four hour timeframe, it was still in a bullish setting. So we don't have consistency here, but three of the four are in bearish settings. When I take a look at the spot fix index, it remains below its 50 day, exponential moving average. That's this little blue line in the top panel here. And generally speaking Tom, that is bullish for the S&P 500. So if I've got people scratching their heads right now, because that was even less than a picture of me, after putting together those first several slides, I get it. But let's see if we, because, you know, why are you bullish or bearish, Steve? Totally, no, no, listen man, I know, I know. So let's see if we can clear things up here. So this is the daily chart for the ES mini. And what I have on here folks are their daily and their weekly profiles. Now with the profile levels represented, the bottom is where buyers are located, at the top is where sellers are located and the center is where both buyers are located with inside that range. Now what I'm going to do is I'm going to turn price off because we're really going to understand what these market profiles are signaling to us. So this is the exact same chart we are looking at for the daily timeframe for the ES mini, but without price. Notice how this new profile here, this formed on Friday, Tom, notice how this new profile wraps around the prior profile. When you start to take a look at all the other ES mini daily profiles that we've got out here, you don't see this very often. It just doesn't happen that often. So when it does happen, the message is one of consolidation. So we've been into consolidation. We've been moving sideways here. This is signaling to us that we should expect the consolidation pattern to continue. Maybe even more odd moves like what we saw today. Now we don't stop there. Here we've got the same chart, but what I've thrown on here are the weekly profile levels. Turns out that there is a new profile that is forming this week. So these are the little thin green lines out here. The new profile is inside the prior profile. This too. So we have both on the daily and the weekly market profile signals that suggest that we are in a consolidation. That's intriguing, isn't it? Yeah. So now what people didn't catch or should or likely didn't catch is where's resistance, right? For us it's all about support and resistance. And we've got a number of different tools that can help us do that. Here what I'm sharing with folks are the TAS market profiles. If you take a look at these red arrows up here, both the top of the weekly and the top of the daily are at $4206.25. We know where significant resistance is. So if these consolidations are going to be broken, we will see price close above the $4206.25 level. So folks, regardless of the patterns that we have out here, it really is always going to always be about support and resistance. And if you take out resistance, you should head higher. You look for other possible levels or patterns that might be present. So we know that $4206.25 is really key resistance. So we began today with a review of the seasonal charts that suggested that a top should form very soon. However, that top here should really only last for about a week. And then we should continue on with this little sideways move. So perhaps what that means is that price for the ESMini is going to head down to the bottom of the consolidation. What I would say would be the range of between $40.51, Tom, and $40.76. And all I'm using there is I've got the consolidation pattern drawn in, but I'm using the bottom of those profile levels where we have buyers that are hanging out. For the S&P Cash Index, Tom, that would take us down to about the 40-48 type level out there. And so I think we're just in a consolidating market. That is at least the message of the TAS market profiles. And folks, it's very easy to get Steve's newsletter. You're going to see it right out of the features content. Mastering probability. You hit that button. You are often a racist and you're going to be happy that you did, folks. Steve, you have a great one, safe one, and we got some good hockey coming up, man. Unreal. Okay, man. Have a great one. Have a safe one. Look forward to the show tomorrow, Steve. Stay right there, folks. We'll 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-sell recommendations. The Gold Report. 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 on the authority and technical market analysis. And it's not just dry, tedious text, either. 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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 Tigris' 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 Just click the think or swim banner on the front page of TFNN.com Welcome back folks to Dow. Dow Industries right now down 77 Nasdaq's up 8 S&Ps are down, they're flat. Let's go inside the Dow Industries and take a look at the strength versus the weakness inside the Dow out here. So point wise out here you have Disney putting 16 positive points, Walmart putting 6, Dress putting 4, taking away from it. Home Depot minus 16, Amazon minus 14, Microsoft minus 14. No big moves really. Inside the NDX 100. What do we have inside the NDX percentage wise is what you have. You have Z Scala, ooh look at that up 19.5%, 20% CrowdStrike's up 7.5, AMD's up 5.5, here B&B's up 5.5. Taking away from it. Bidern is down 4, Serious Satellite is off 3 Cognition Technologies off 2. Let's go to Z, I gotta see the Z Scala and see this is just off a bottom or what, let's see. So Z Scala, yeah it's off a bottom, okay. So the Low's 84, the High's 194. That's been a one way trip on the way down. But let's see. Yeah, they had strong sales. Would make sense. Well, not that it makes sense, I'm just saying that at 6 months the stock went from 141 down of, what is it, 84. Last couple of days it went up a little bit, it was going to pop. And if you want to see something here, you can see, now it's taken out a small swing point, but where it did pop it just popped right to where last time it had volume on the way down. Let's go take a look at Amazon, well actually let's take a look at Disney. So Disney's got except 240 doesn't have enough juice for an ABC up. What I think what may happen here, we'll see what happens here on a weekly. So Disney want to keep your eye on it because what happens here on the daily you don't have it. But what Disney does have, Disney has a high volume spike at 118. That will get tested. And what you have now on a weekly is that it's trying to get over well it got over the price point meaning the $1,256 but what it would need is 43 million shares traded in the week. Now it can get that pretty easy. It's not getting it on the daily today because it's only 8 million. But on a weekly that could get it and if that's what you get, you're going to go to that next level up and at least test that high volume low which is not bad. It's 15 bucks above where we are right now. Let's go to Google and take a look at Google because Google's getting challenged with this chat BGT GBT. There's no doubt about it. Google's up today $1.70. That's a really light volume though. You're up you only have volume out here of 12 million shares. You're going into a 19 million deal. This will be hard to take this thing down but it's something to keep your eye on because what is happening is that if you've been using the chat GBT at all or any other AI out there folks, you'll catch yourself that you start using it more and more. I was using I was Googling something. It's even Googling but yet I was on chat GBT because what happens is that depending what you're looking for the chat GBT will definitely give you a much better explanation without having to Google two or three levels down. What ends up happening is that you AI at once and then you prompt it again and it seems like when you get that second prompt in there you're basically getting what you're looking for so that was a first in my case. I said okay that's going to make a difference because if you're asking different questions that you have a clue on but you're not quite sure of the aspect of it it works really well. I suspect where something is going to be you're not going to know if it's telling you factually or not is that something you actually know nothing about then you don't know but it's pretty cool having the type of explanation that it throws out and it throws it out in 30 seconds so save you quite a bit of time no doubt about that. Silver market out here so gold's doing an ABC structure up gave it up in price pull back but has high volume silver really hasn't given it up silver is staying at these highs going to need more volume no doubt about that you know but bottom line we'll see where the sad baby wants to take us now if you're listening last week we had one of our tigers Carlos call and this is a huge heads up for the silver market more than the gold market folks and the reason I'm saying that is that in the silver belt in New Mexico there's a huge amount of miners and I was going over the law that he was telling us about so what the law is is that they're going to pull back leases from 50 years to 30 years that's one of the things they're going to put a 5% tax on the mines but if you have an exploration stock in Mexico a silver exploration stock it might have already got smoked but if it hasn't got smoked yet I suggest you get out of it because this is how the rule reads now the rule reads so what ends up happening is that many miners bottom line exploration places in particular they will go in they'll raise 3 to 5 million dollars because it's heavy because it's hard to raise money in this area it's probably easier to raise money but it's been hard to raise money since 2011 in the mining sector but let's just say you're raising 5 million you go in you think you know where there's a nice exploration play in Mexico and on a silver mine well you go in you get the rights to it well the way the new law is going to be is that you only have two years to start spending money on that folks it's almost impossible the ones that are in place which are you know mostly the Canadian stocks because that's where the risk equities are it's going to be a huge problem now that's the downside the upside of this is that guess what all you silver bulls out there that is telling me that I can definitely see why you know if there's less supply which there will be and the demand is not going to slow down I can see the Canadian stock getting some juice behind this behind this law in particular you know because that's one of the equities and I was trying to figure out why this was just stalling this was one of the strongest equities out here no I know let's see not McEwen one second why don't I just do this Mag silver that's what it is Mag silver so Mag silver was just a monster and this company you know they really did it upright I mean this was an exploration stock just picture so they just went from two years ago they took it nothing this year they're taking it 482 million and when you look at the chart it's like okay man the bottom line is that now I suspect what it is that's going to have to do with you know 5% tax it's going to have to do with the leasing structure and I'm going to try to get the CEO on and talk to him about this so he can get a nice understanding about how you know this is going to affect folks on a longer term basis Dow, Dow investors right now down 57 Nasdaq is up 15 S&Ps up 2.5 are coming right back if you're looking for potential trading setups in the stock market then Rocket Equities & 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 & 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.com 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 Basil 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 in stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know we'll refund within 30 days of signing up TFNN.com educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade LABU or LABD Directions daily S&P biotech three times bull and bear ETFs visit directioninvestments.com biotech today an investor should consider the investment in directives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary 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SAPs are up 4 now it's going to be interesting to tomorrow trading folks because what is going to happen is that you're going to have the McCarthy and the White House getting together whether they come out with a statement when the markets opened we're going to be this is all going to be about the debt structure going right up to June 1st so we'll see how this whole thing's going to shake out but it will throw well I'll give my personal opinion none of us know what's going to happen I guarantee you there's going to be volatility in the market right up until the day not only that it happens but sometime in June that's what I suspect and that's a long way when we're talking the market it's only May 8th right yeah you know so that's how it shakes down the bottom line is that and most times what ends up happening if we follow the 2011 debt structure what tends to happen is that nothing will happen until the market is down a thousand points and then all of a sudden the hour happens because the fact of the matter is they're supposed to be representatives of the people so the bottom line is that if the market's getting croaked and everyone's IRA just loses so much more money well guess what they got to do something because they're getting so many calls that's how it seems to shake out every single time and that's what it blows my mind that you actually can have just a small amount of people have gathered so much power particularly in something like this meaning that we've already spent the money this is not like saying okay I want to go spend money this is saying okay we're going to pay our bills so we'll find out where it goes man but trading wise it's going to set up some great trades that's the reality let's go take a look at the GDX out here which is all the gold equities we take a look at the GDX and the GDX bottom line that came into its last swing point came in with good volume last week and you know there's no doubt the gold trade is still a little bit tricky that being said what when I was doing the gold report today there's a lot of ABC up structures confirmed ABC up structures inside of the gold market so it set up nice man even in the GDX take a look at this GDX look at this came into the highs let's see we hit we hit 34 no 35 25 and 35 10 yeah I mean this is an ABC up so your B point is 36 your A yeah it's about 9.8 to B which is going to get you 42 41.60 is the next high this is a confirmed ABC up we took it out with volume we took it out with volume it's not doing much right now but the bottom lines did take it out as did many of them you get an ABC I believe an eco-eagle that took it out in spades an eco-eagle took it out FNV FNV might have been a weekly when you're doing these if you hear me say one of them put them on weeklies also FNV is an ABC up too it's a big one man this is really cool about FNV because this is saying it's going to actually go break it's all-time high yeah it is so this ABC watch this now the all-time high on FNV is at 169 159 and then you put this on and this is a big ABC up on a weekly basis we got it on a weekly out we did 3.4 million taking out 1.6 million the B point on this is 158 the A point is 127 well 127 you're talking about 31 points which gets you up to the 180 so when you see something like this what happens particularly in the streamers folks is that the streamers normally lead the actual metal market so at Franco Nevada confirming an ABC structure on the way up your probability is that the gold contract will continue higher now this is where the trip comes in in order for the gold contract to continue higher this dollar basically would have to break down you know so that's the pot that's going to be intriguing and yes we had a question about AU AU is in monster 2 that's an ABC up also AU Harmony was 2 Harmony is 2 I mean it's there in spades you put these on a weekly too yeah look at this man you got a high volume high anyway at 38 you're at 28 you can see it blew it away we took out the B point the B point on this baby is 28 the A point is 16 so you get 12 bucks the C point is 25 so 37 right and the high up there is 38 you can see the volume that's a huge spike we did 19 million yeah 19 million versus 10 now versus hold it no this is 20 yeah so we just missed that actually we just missed it interesting let's see what else was out there so to get back to the silver plus minus silver and gold when you're going into any of these equities that are in Mexico I guess you got to do a little more work in the context of number one how long have they had the lease in place the lease is coming up and what is 5% of the profits well it's going to get intriguing as that the way it's written it looks to me like it says 5% of the profits so it's going to be like if it's 5% of the profits this is going to be like doing a motion picture you know there's been so many suits in the motion picture business what a profit is versus what the gross is you know you always want the structure on the gross numbers not the profits because you can do a million different things and put a million different expenses inside of that structure to come down to the point of what the profit is and I don't think that would be any different let's take a look at apple apple come out with these numbers last week there's a pop out here still up this is right in its eyes this is Steve Rose talking about a consolidation apple has been in a consolidation going back almost two and a half years it started in September of 2021 still in that consolidation when you actually look at apple now this is kind of scary actually when you actually look at apple apple has three eyes and three low lows now three low eyes and three low lows is what is down trench even though it's up so there you have folks who come right back we have the Dow, Dow Industries right now up down 65 now it's like up 21 S&P is up 3 we'll come right back are you looking for a way to consistently add winning trades to your 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that shakes out you can see it's sticking out like a sore thumb man so that's something to keep in mind in the morning you know and the future traders I'm sure they're the cognizant of it and the daytime once the market opens if you trade the spy be cognizant of it because that's that is always sweet when something hangs out there like that because yes it can get on there and reject it but it'll get on there and test it that's the bottom line and you know you test it you know in the middle of the night in the futures market if it does and in fact what I'm saying is you have to make sure that it didn't test it in the middle of the night in the futures market because if it did test it then it doesn't have to test it in the spy during the normal trading hours from 9.30 to 4 that's how that thing shakes out let's go over to harmony I was talking about ABC structures on the way up harmony was the same deal it's another ABC up we put this into a weekly they're gonna see I mean that's that's a really solid big side of strength how many took it out really nice so that's that's we're 528 how many zone it was way to set $7 and change that's a big number even consolidating for a long period of time and I suspect you know that has to do with two different things that you have the rand that's still trading out there at $18 rand dollars to one U.S. dollar and you know the South Africans folks mining companies they take out millions of ounces not thousands of ounces of gold millions it's just that what ends up happening is that the price is very close to what the price of gold actually is you know but as that price of gold goes higher well now you got to talk some real money because millions times a hundred dollars is what millions always remember folks the bank and Chloe I hide out the bull can run you over and thank God there's always a 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 yeah oh yeah them folks