 Welcome folks. This is Tom O'Brien of TFNN. We're here five days a week. We have seven hours a day We go 24 hours a day in the internet at TFNN.com Always remember folks, whatever you think about you bring about whatever you focus on grows up everyone's having a great day Safe day and folks. It's the year of the tiger Oh, yeah, come on, baby. There we go Always do your best. Take action on your ideas Doing your best to me take action on your ideas. You can make many great ideas in your head But without action upon an idea there'd be no manifestation no results and no reward Market wise, let's take a look at it out here. We have the Dow industries up a buck 46 Nasdaq's up 28 S&Ps are up 15 gold contract that's three dollars and 30 cents traded 1799 notes We get silver up 17 cents $22 56 cents announced light sweet crew down 22 cents $87 93 cents a barrel notes and bonds Ten year note down four ticks trade in 127 27 30 year at down 12 at 15508 and King dollar King dollars down 159 ticks trade in 96 384 the euros at 112 the yen is at 114.78 and the British pound is at 135 to one the US dollar iPhone numbers eight seven seven nine two seven six six four eight give us call folks Well, I know what's going on in your world and the world of the S&Ps. Let's take a look at them Well bottom line here. We're gonna look at the futures first. I suspect well, let's look at them first I suspect what you're gonna see a folks. You're gonna see a nice run right into the clothes and The first one just started. I guess see what the there it is. Okay. Here we go, baby. Okay, so check it out Just when I was coming on just they just popped it, right? So you can take the bottom the top of this which is 45 14 I Can take the bottom of it, which is 44 74 So we get what 40 that's 55 45 55 folks We're 45 51. That's this way this thing wants to go and we get plenty of time to do it And I'm talking about the next hour. That's how these things shake out That's in your S&P. Well, then let's go look at the spy to see how this thing is setting up So the setup here Is that you know, it takes well first off on the downdraft? There was no more selling, you know, you just kept hammering the bottom bottom bottom. You only get so much selling Friday you get the buy and come in we get the follow-through yesterday Bottom line, you know, we're about buck 91 right now. So another Yeah, you could go up to I don't know three bucks. Maybe I Which is not not the end of the world, but the way that these set up I Suspect you're gonna get another monster bar, you know, I don't see it today But you know next couple days you're gonna get another monster bar That's gonna bring you up somewhere in the 473 area and right now you're at 451 We took a take a look at the end the x100 the three cues the way the three cues are set up right now same type of setup The three cues, you know got the lower price today 359 rejected 359 You're at 363 bottom line. I expect the three cues are gonna get to this 378 and right now. We're at that 363 Now let's look at the notes and bonds because it looks to me that these notes and bonds are actually coming off the bottom And they gave it up on price today So let's just see 1.4 million now. That's not enough contract volume What would happen is that you want like 2 million contract volume. So let's go more of a consolidation, but Yeah, we'll see it's more of a consolidation right now I don't think I don't expect we're gonna go break that low because the the day before the low We had 2.5 million contracts and did 1.9. I come back down against the test it with 1.9 Then you come back and went topside with 2.2 and today but bottom line gave it up on price This is probably has to build more cars going sideways until it wants higher price. That's on your tenure We take a look at the 30 year 30 year out here goes like this That's done 116 Let's see. We got 253,000 contracts. That's also gonna need more contract volume. Yeah, they both but I you know We'll see if this is Banging out a bottom though, but that's what it looks like to me gold We take a look at the gold contract out here and it's gonna be all about the US dollar again What's intriguing with gold too is this so it's a little let's watch this for a second because this is pretty cool so Excuse me folks, you know GC GCJ Okay, so we're in the April contract You have $3.70 this thing was as high as 1809 now watch what it did. I was listening to Basil this morning. It was pretty cool it was explaining that yeah, it's coming right up to the 200 day and the bottom line is that it gave it up and That's it absolutely did that being said I Kind of dig it like that and this is why what happens in and well in any market, but Normally when you go on up to a 200 day from underneath the bottom line you get to it You mess around a little you build a little more cause and then you blast through that like crazy because you have plenty of people No doubt selling right at the 200 day. That's gonna be a normal situation You break a 200 day you go back to upside because most times folks if the S&P breaks a 200 day like it has The bottom line here. Let me show you this for a second. So if I do the cash I Believe it broke the 200 day. Let me just see because when you break it Yeah, it broke in spades. So what happens is this when you break a 200 day, right? You snap right above it bottom line. It not only just doesn't break it once This is more than likely I suspect, you know, we're gonna get higher. I'm gonna either come down and Test the lows that were generated out here on the 24th Excuse me folks, and I do I feel great my voice is still there, but I feel great so You can either test the lows or you get a larger ABC structure on the way down I just wanted to show you the 200 day How you do normally that's what you normally do if you're gonna break it the bottom line is that you're gonna blast through that like a huge King dollar. What do we got with King dollar? Well, we have a King dollar is this King dollar right now This baby had follow-through You're inside the range again. So that the range the top of the range is 96 936 now What's really cool here today folks if you are in the metals market is that King dollar try to make it back King dollar got as high as 96 722 and then just gave up for 400 ticks That is a good setup and what that setup basically is laying out is that you know? 89 is game and yeah, when you have a false break after so much consolidation You can go right back to the beginning of the move and the beginning of the move in the US dollar Was a few years ago at the 89 level and yes, it can take a few years, but that's where it looks like it's going to me Down that's just right now about 160 you get the nazi cup 28 S&P's up 17 So you get the year in the tiger today, and you know what tomorrow is folks tomorrow is a national holiday It's Tom or Brian the fort's first birthday number one Gotta love it. You love this world, man. Stay right there. Come right back