 Welcome folks, this is Tom O'Brien of TFNN. We got five days a week, we got 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. Hope everyone's having a great day, safe day. It's making a great night, folks. Cultivate wisdom. You don't have to accumulate knowledge to become wise. Anyone can become wise. When you become wise, you respect your body, you respect your mind, and you respect your soul. When you become wise, your life is controlled by your heart, not your head. Mugged-wise, let's take a look at it out here. We have the Dow Industries up 17, Aztecs down four, S&Ps up one. Gold contract up at $29.30 traded at 18.27 an ounce. We have Silver up $1.19 at $24.38 an ounce. Light sweet crude up 90 cents. 76 dollars, nine cents, a barrel, notes and bonds. Ten-year note, down 21.6, trading $113.15, a 30-year up to full point, plus 23 ticks at $128.02 and King Dollar. King Dollar is down 678 ticks, 689 ticks, at 104.032. The Euro is at 106. The yen is at 131.67 and the British pound is at 121 to one US dollar. iPhone numbers 877, 9276648. Give us a call, folks. Want to know what's going on in your world and the world of the S&Ps. Let's take a look at it. What do you have? Well, you got a sideways move, not much action and you can't expect much action this week, folks. You get 52 million shares traded. We hit a low today of 377.85 and that is a lower low than yesterday but it has no traction. The gap is higher. My take is that we're still coming down into this 367, which is the highs of the lows inside the spy. We take a look at the NDX100, the three cues we have at the three cues, bottom line with the three cues is that, you know, he's down four cents right now. He did 38 million shares. The gap is 268.56. We hit 266, no, 266.95 today so you're in the gap. That's the bottom line. The problem with the cues, folks, and not only in the gap, what's happening is that the highs of the lows of October are 270. So we hit 266, the longer that you're under the 270 mark, we're 269.29 right now, which is not bad but the longer that you're under 270, the higher the probabilities that you're gonna go right to the bottom of that gap, I mean of the low and go hit the low and go make a rent for it, that's 254. The, now look at the small caps, yeah. So let's look at the small caps because the small caps, bottom line, they were the first ones going south. They're up right now, they're up at $1.40, the 13 million shares traded. Now this is where this gets tricky, okay, because you can make the case, you know, that the highs of the lows inside the small cap is 170, 220. We went to 170, 118 and I rejected that. You know, and you're gonna reject, that's a rejection on low volume. That's what you'd actually like all the markets to do. But this is, this is, it's tricky right here. That's the bottom line. Inside the indices in general because of the fact that you're pulling back, you are pulling back on light volume, it's not holding price, but you know, you can make the argument that, hey man, you're going into strength, you have light volume, might take, I'm going with the larger ABC structure on the way down. And I can tell you why. A lot of it also has to do with, we're gonna talk about right now, this is the metals, right? So if we go over to the end, so last night what you had folks is that, so the, pull this up. Okay, so you had the Japanese central bank, they basically brought the amount that they would actually buy. They own the whole bond market over there. They don't have a bond market actually. The Japanese central banks own 80% of all the bonds, bonds don't even trade. What they did do is this. So they were always willing to buy bonds back at 25 basis points, which is one quarter of 1%. Now they're saying, okay, that they'll bring that up to a half a percent. So what that did to the currency is that that bottom line made the currency stronger, came down. The low that's established out here in the currency of the last six months is 130, 41. Well, guess what? It couldn't break it. That, and you know, if you're familiar with time in the trade, this is 100% move or move, meaning we're down at 130, 41, you go all the way up to 150, 195, you're back down here. We'll know more in the counter trend bounce as to this goes higher and we'll see how it operates. Now the yen is 14% of the dollar index. So if we go back over to the dollar index, what you're gonna see is that the bottom line, the dollar index also didn't break at swing low. Swing low in the dollar index is 103, 448. Well, we went to 103, 777 and now we're 104, 024. Gold. Well, let's go to silver first because silver is always highly volatile, more volatile than gold. Silver and it has been stronger than gold too, by the way. So we'd have with silver, silver's up with 67,000 contracts now. Now, if you're into candlestick charting, this is not cool, okay? This is a last engulfing. A last engulfing is after a nice uptrend, which would have been an uptrend in silver such August, you get basically a candle. Let's look like this. Now let's go to my price and volume. We take a look at it, we turn this into price and volume, you're gonna see 67,000 contracts, right? So now the question is what are you going into? And you're going into 74,000 contracts. And the high of that was 24,39. And right now you're 24,39. Now we go to the gold contract. And you see this, the gold contract, can't even believe I'm saying this because it's like, see, the way that the yen was lower today, these equity should have went through the moon folks, okay? Now, when we take a look at the gold contract, the same type of setup is happening. Meaning, yeah, you get up $29, but guess what, man? The first time up that we got to this 18, 18, we did 226,000 contracts, right? It couldn't handle it. Come back just a little. The second time we had 231,000 contracts. So that's what you're going into. And gold today couldn't get higher than that, which is the 18,36. We got to 18,32. You put that together with, let's go to the GLD, take a look at the GLD. This is where when you're bullish something, I would much rather that we went down versus up. And the GLD, the bottom line, last time we were up here, we did 6.7 million shares. You're at 6 million now. That's going to be the tricky part of it because then you came down with 8.3. So the way I look at markets, your first high and the GLD at 8.6 million, that was at 167. The next high at 6.7. Correlation, big contraction. First time down, bottom line, we did 5.4 million shares. Next time down, 8.3 million shares. If you're going up with 6, I don't like it, man. Sad but true. Stay right there folks, you're coming right back.