 is 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 Booker Tom. 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 that somebody else is there with you while you're trading this crazy market, either 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 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 have 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 up, everyone's having a great day, safe day. It's a TGIF, folks. It's making a great one. Be impeccable with your words. Seek to know the truth. When you hear an opinion and believe it, you make an agreement. It becomes part of your belief system. Only the only thing that can break this agreement is to make a new one based on truth. Only the truth has the power to set you free. Now, likewise, let's take a look at it out here. We have the Dow Industries trading down $6.15, Nasdaq off $3.96, S&Ps off $103, gold contract down $17.90, traded $1702 an ounce, with silver down $0.54, $20.11 an ounce, LightSuite crude up $4.63, $0.93, $0.08 a barrel, notes and bonds, a 10-year note, down $16 ticks, traded at a price point of $111.14, the 30-year, down $28 at $125.13 in KingDollar. KingDollar's up $546, traded at $112.800, the euro's at $97, the yen's at $145, and the British pound is at $110 to one U.S. dollar. iPhone number's 877-927-6648. Give us a call, folks. I 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? Well, you had the jobs number come out this morning. Well, first off, if we go, we know, looking at the whole week out here, the bottom line is that you did get a sign of strength coming off the lows, you know, on Monday, on Tuesday right now, okay? Decent date, okay? We did 103 million shares. Now you can see what's happening here, folks, okay? So when I'm going to specifically see what's happening here, we are backing down now wide price spread, but the volume is contracting dramatically. So that's telling me on the spy here, right? So on the spy right now, we're at 362. Now I doubt, oh no, this would be cool. Okay, so check this out, man. So you get a Friday afternoon, you know, who wants to buy coming into a Friday afternoon on a down day, right? Okay, so what I'm setting up here, folks, first for you, bulls out here, I'm setting up a bullish scenario. And this is what it would be. So the high of the low period, meaning that the low that was established last week, that low is 357. Well, the high of that was 365.91. Now, it's three points away from that in the spy. We'll see. If you got a rally coming into the close and you close somewhere near that, that'd be saying that guess what, that's it, man. You don't get that, you're going right after it, man. And you know, we'll see how this baby shakes out. That's in your spy. We take a look at the NBX100. So the NBX100 is trickier, for sure. The NBX100, we're into the bar way too far. The top of that bar there is 275 here, 269. The bottom of the bar is 267. You've done 50 million shares and you're going up to 78. So there is a contraction of volume there also. Let me go back to the spy again, because I want to see how this is set up. Because the spy might be set up the same way on the weekly. On the weeklies, it looks like they're setting up larger ABC structures down. Yeah, the weeklies are too. Yeah, they are. See, if this is an ABC down, it's going to be a monster, man. That's going to be a monster. Because if we go to the spy, they look at, what, 411? Yeah, that's 55. That's 320. Yeah, 320 brings you over here. What's that? That's October of 2020. This is, this close, I can tell you, is going to be important. There hasn't been a bounce all day. Not even close either. We'll see whether one comes in. What has been happening in a bad market is that the gold equities have basically held up. Let me show you first the contract, okay? So the contract, we take a look at the contract and what you have with the contract is you're backing down with 148,000 contracts. You got to 1698, it's at 1703 right now. And you can see that you're going into 215,000 contracts and 205. So that says it wants higher price. We go take a look at the bond market. And what we have inside the bond market is that this is going right after its lows. Now let's watch this, because this is going to be cool. How are we going to piece this? Yeah, see, this is cool too, man. So look at this. So the bond market, you're coming into how we came off the bottom. Now look at, that's a contraction also. That's 1.1 million contracts going into 2.9. Okay, now we go to Kingdala. So what gets intriguing here now when you start putting together the aspect of where the bonds are and where gold's going, we know we have this high out here. Now that being said, it's actually, that my head wrapped around the aspect of that, if this dollar was going to the highs again, right? Now that's, the highs are open, that's for sure. Okay, because the low of the high is 1.12, 5.61. Well, we're 1.12, 8.13. That might do it. And where I'm going with this whole deal, folks, is this, is that it looks to me that, number one, you're pulling back into the lows with light volume. Then what you're also doing is that the bond market is pulling into its lows with a huge contraction. And gold is not getting killed here. I mean, look at, I mean, we own this equity, but this is really intriguing. I ain't going to shunt you, right? I mean, you get a bad day in the market and this thing is only down 25 cents, man. This thing is going to want to do an ABC structure up. So, and let's go, well, let's go to the dog. See, the dog of the whole gold market and the largest weighting structure is Newmont. But even Newmont, look at Newmont. 5.5 million shares and you're going into 12.9. So, when I started putting all of that together, that's telling me that what's going to happen here is that the low that is established, you know, the last low that we have that it's trying to test right now, that telling me that that low is probably going to hold, might spike it, but it's also telling me that it's not like you're going to take another leg down before you get another bounce. That's kind of how it goes. My take, the larger take, now that's the take right now. And I'd say that, you know, right now the next couple of weeks, okay? My larger take is that, you know, the SPX is at, you know, 3,600 and 3,100 is game. That's kind of, and where I'm getting the 3,100 folks, that's the high of the low of COVID. That's where I think we're going. Stay right there folks, come right back. With booming inflation, where you're purchasing powers eroded, there's no better place to protect your hard earned money than in gold. This is the gold flagship asset, is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world class gold project in a tail one mining district. This is a large scale, low cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This the gold just completed the Monk Todd feasibility study which resulted in a 7 million ounce gold reserve in a 16 year mine life. All of this combined with the approvals of all major operational, as well as environmental permits. This distinguishes Monk Todd as an attractive, diverse party, ready development stage gold project. This the gold trades on the New York Stock Exchange under the symbol VGZ. 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. 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When you subscribe, you'll get a weekly report from veteran day trader Larry Pesavento 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 Industrial's down 695, Nasdaq's up 418, S&P's up 110 and just look at this and you talk about one day wonders man. This is crazy. So you had Biden come out yesterday saying that the bottom line, the feds are gonna look into the aspect of rescheduling marijuana. Bottom line, he had a blanket pot for people that were a simple possession and all these pot stocks man. So yesterday, if you take a look at Canopy, it goes from 292 to 383, it opens today at 370. It goes to 373 and gives it up in spades man. It's like whoa, that was definitely a one day wonder. It was pretty intense actually, looking at it. Let's go inside the Dow Industrial's and take a look at the strength versus the weakness out here today. Point wise, they're all red. Every Dow stock is red. Bringing it down the most out here is UnitedHealth that's putting 110 negative points, Microsoft 83, Home Depot 48, Salesforce 37. The least negative impact inside the Dow today is Merck. Merck still almost a point Coca-Cola. Bottom line is that they're all red. We go inside the NDX100, we look at the NDX100. You got Dexcom, I think it's Dexcom, right? Yeah, Dexcom is up by 6.9%. Other than that, AMD, that's down 13%. Marvell is off 11%. You get Splunk off 8.4 and Lucent's off 8.2. I believe it was AMD. I mean, you talk about, you know, A number folks, okay? They came out, yeah, they missed it by a billion. They were, this is in 90 days, mind you, okay? So you are talking about some heavy, I think it was 6.7 and they committed 5.7. Hell, here you got a monster ABC down. Look at this, okay? Yeah, this thing is not done. Let me put this in a weekly, see how this sets up. Okay, so on a weekly, what is this one? That's 54, 61, so it's just on a daily. I got, okay, so what is that right there? That's 50, are you going to 54? Yeah, NVDA, let me, let's take a look at NVIDIA. See where NVIDIA is set up right now. So NVIDIA is coming down into its low. You get volume of 52 versus 53, so that also does have volume on the way down. That's how this thing is shaking out right now. So this is going to get kind of intriguing. Let's go to Jose and Lakeland. Jose, what's going on brother? Hey, Tom, boy, you've been in the zone all week. You're like, give me the ball, Larry Bird, fiddle, dittle, dattle, and doodle. You're all over the place with mortgage rates, where the building materials are going. It's beautiful. Thank you, appreciate it, man. Yes, yes. Tom, when you do your opening monologue and you say, yesterday's gone, tomorrow's not here, what are you doing right now? You're talking about the B theory of time, which is the tensed theory. The A theory is tense-less. Just a little theology there. I like it. Yeah, the tensed theory of time. I love that saying, and I think it's so true. I mean, you know. Yeah, some people think the past, present, and future is merely a figment of one's imagination. Oh, I like that too. That, you know what? I can get lost in time. I got, you know what? I got lost in, the other night I got lost in infinity. I did. Oh, listen. When you say the word infinity, Alexander Proust just wrote a book, Pot Theology, Pot Physicist. And he talks about infinity. There's two kinds of infinity. There is actual infinity that are used in sets that, you know, calculus and whatnot. And then there's, there is potential infinity, actual and potential. And when you get into potential infinity, you find out it doesn't exist. If you, if you take a book and open the cover and the first page is an inch thick, we'll take half of that. You go to half, you go to quarter, you go to eighth, 16th, 32nd, 164th. Now flip the book over and open the back cover slowly. What do you see? Nothing. Infinity does not exist. It doesn't exist in reality or in nature. But mathematics, watch. I mean, the difference is that, you know, one, two, three, four, five, where's that ever end? If you put a marble in a jar and you said, Jose, how many marbles do I have? I would say to you, Tom, you have a potential, you have a potential unlimited number. You'll never reach infinity. You'll have a potential unlimited number. Yes, no, I understand that. No, that's what's so cool about it. That's why you'll never reach infinity. No, no, I get that. I get that. I get that, believe me, I know. Too funny, man. Tom, just a side note, one of your tigers up there, I think he's in Canada, Gloucester, somewhere up there. He's always talking about the great lobster, the fresh scallops. That's Frank. That's Frank from Gloucester. Yeah. Yes, yes, yes, that's it. We have to have him send us down some. You know, Gortons makes a great fish stick right in your supermarket freezer. Okay. Pollock is very underrated. No, listen, man, the only fish, you know, as a kid, folks, I couldn't stand fish. I'd love it now, it's almost all I eat. But I remember the fish sticks then maybe weren't as good, but you can give me a fish stick and I'd eat it as long as I had like a pound of Tata sauce with it. That's right. You need the Tata sauce to get through it. Seriously, seriously. Tom, my CDNF, yeah, I kind of went long here, probably a mistake with the NASDAQ breaking down. Okay, so let's take a look. You got Cadence Design, the Lowe's 132, the Heist 194. Now, what Cadence does, folks, you can see that the chips are breaking down. Cadence does the designs in them. Yeah, you gotta be careful, man, because what's happening, 159, 13, yeah. Well, let me see this weekly. I'm looking at 134. Yeah, listen, man, you gotta be careful because, see, this could be a big ABC down, man. Yeah, yeah, yeah. I think today we're suckering people in. Yeah, I mean, because you got, you're breaking, you got eight million shares. Yeah, you're breaking it with 9.4 and you got eight million, so, and then you got that, you know, there's volume down there at that 133, 134, man. Yeah, you can- Yes, yes, yes, I'll cover Monday when it bounces, hopefully a good deal, man. Okay, man, have a great one, man, have a safe one. 877-927-6648, the, yeah, this thing keeps marching down now. It's gonna get interesting here. Let's go put up the Dow Industrial's and take a look at this. So the Dow, no, it's not breaking it down. The Dow, when it happened is that the Dow had got a lot lower than the, and the X are the composite. So the low that was reached last week in the Dow was at 287-16, and let's see this. So that's the third. What I wanna see here, we're gonna, we're gonna see what the volume is now versus going into the third. So the third yet, 1.1, and right now you're at 566. Yeah, that's, we'll see. I mean, unless there's a monster, then there can't be much the volume at the, you know, at the close here, that's for sure, folks. You know, you're still a lighter volume. That's how it's shaking out, but this price doesn't wanna hold. Stay right there, folks, come right back. If you wanna take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money-back guarantee so you have nothing to lose. Every Monday morning I publish a Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting tfnn.com. Don't miss out on the next great gold trade. Sign up today. 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 is excited about our new software charting program, The Art of Timing the Trade Charts. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, your ultimate trading mastery system, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including Gartleys, ABCs, Butterflies, and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting 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. The Dow industry is down 740. You get the magic off our 442 S&Ps are down 117. So if we go take a look at, it's all about the Fed funds rate. It's all about how far this dollar wants to go, folks, okay? So right now, we're at 3 to 3.25. We take a look at the meetings out here where you're gonna see the next meeting is going to be on November 2nd. And I suspect, you know, it looks to me, like all the Fed governors, they're all out here yapping that they wanna get this up to basically five, okay, so we're two points away from five. You know, and we have two meetings left, right? Yeah, there's two meetings left. So let's say that you get a 75 out of 75, then you're gonna be at a 4.5, right? Yeah, you'd be a 4.5 to 4.75. And maybe you get one more, they do a 50-50. The bottom line is that they are gonna be doing some numbers, man, that's the bottom line. If we go take a look at, you know, we had the payrolls come out today. If you look at paychecks, the bottom line is that this thing's in an ABC structure down. I start looking at a few of these, I actually, I picked this out as a shot today on TD Ameritrade, but the bottom line is that, you know, it's breaking the lows, it's breaking the, well, this one here, now paychecks are a great company, folks. We've had them forever. I think I've had them for like 20 years. They're a little expensive, but you never have to worry about paying the tax, paying insurance, all this stuff. They do it all, so it's, to me, it's well worth it, okay? The bottom line is that, that being said, what you can see here is that you are breaking down a major consolidation that started October of last year. And, you know, it hasn't broken it yet. It's very close, though. I mean, we're at 109.13, you know, and it's really, you'd want it to get to 108 or something, do you know what I mean? 109.87 is really the number. But, when you get a, when you have a break of a major consolidation, folks, what you want is you want something big. What we did do, you can see this last week, though, you're coming into the swing point, you're coming into that swing point with 12 million. So, I suspect you're gonna get that broken down. And then, inside of the real estate business, equity residential, when was this one? I went shot this one, too. So, this is equity residential, and this is a horror show. Now, this one here, bottom line, it's been on one-way route on the way down, also. This one here, I suspect, what you're gonna see, you know, we're off highs of the highs, which is 94. You basically are breaking down the first thing. It couldn't even hold the 67. So, that's like setting up like, put this on a monthly, and on the monthly, you can see you're out, you're already into the 67. So, that's saying, hey, that low can be 46, which is pretty intense, man, you know? If you saw today, San Francisco, right? Now, remember, in San Francisco, everything was always awesome in San Francisco, right? I mean, I've been said on the air, I think they're drinking different water out there because of the fact that you had all the tech companies, everyone's gone while making money handle a fist. Bottom line, the office market in San Francisco, right now, folks, is 25% vacant, 25. That is such a monster number, it's unbelievable. You know, we'll see whether it takes 25 years for that market to come back. But you know what? You have the aspect that it's too expensive, too crowded, too many homeless. You're not naming it, man. I mean, they've put up with a lot out there, and guess what? They're basically, people wanna work at home, and they're realizing that you can live at a lot of different places, and you can save a huge amount of money and not just have it in many households. So I think San Fran is, well, San Fran is in big trouble. The real question is, is that how will they make their way out of it? Because, you know, when you have an acceleration inside a city that dramatic, and then all of a sudden it drops off the, you know, the radar, because it's definitely dropped off the radar, man, there's no doubt. They're gonna start having trouble, it looks to me like in New York also. That's what's kind of, this is inflation, what will end up happening with this inflation, folks, for all of us. We're all gonna kind of look, you know, like the pandemic, okay, so we all changed what we're doing to a certain degree. Inflation is also gonna basically start changing the way that we live almost every day. It just is. Because, okay, so, did I tell a story last night? No, I think I just bought them. Today, to me, this gold market today is really acting great. Now, what it seems like, I went shopping, not last night, the night before, at Nostrums. And all these jeans, man, are so expensive, it's insane. And then, I start looking at the context, right? It seems to me like we're out of whack on the structure of what some things are worth, what our perception of what they're worth, and our perception of, you know, I'm talking about gold in general. So, I was looking, I'm shopping, right? I'm saying to myself, and you've heard this story before when I was trading gold at 282, okay? Now it's 1700, right? So, the question is, is that, do you really, you know, let's say we're getting, you know, I don't know, 10, 15 pairs, 20 pairs of jeans, right? So, 20 pairs of jeans is, let's say, an ounce of gold. Like really, that doesn't even make any sense to me. Because the fact is that, in order to get one ounce of gold, right, you have to get 10 tons of dirt for one ounce of gold, 10 tons of gold. And that's a great gold company. So, I think what we're all gonna start seeing is like, okay, man, this is ripping us off, this isn't. This is ripping us off, this isn't. And what will end up happening is that the, the mindset is the one thing that the Fed cannot control, but that is the thing that does bring prices down. You gotta remember something. This is what inflation is, for years. Do you remember, I mean, if we go back 10 years, do you remember how many people would call and say that the dollar is gonna be the end of the world because we're printing so much money? Particularly, you know, I understand this so much because of the aspect of being in the gold market. Okay, so that was always the mantra. And, you know, I'd listen to that, but my take was that, guess what, everyone's printing dollars. What it actually is, this is where inflation catches, folks, and this is what has happened. It catches when the velocity of money changes hands very quickly. So what we had, we saw that like the ultimate in the pandemic. We saw that in the ultimate of the real estate business because what you had, you had people that had so much money. And, you know, a lot of this money, I know where a lot of it come from because I was selling real estate into this. And a lot of it came from people that had small businesses, you know, and this was a, you know, definitely, you were definitely a lot better off than you had a small business because you could get so much more money than being an individual. And what was that end up happening is that they get, you know, thousands and thousands of dollars and the velocity was unbelievable. They wanted to get rid of it. So that velocity went through the economy like an amazing way. Well, that velocity, my take, that's already stopped. Now the real question is, how much is still left in the bank accounts, right? And how much are we all gonna pull back? The faster that everything pulls back, my take, the velocity is gone. It's gonna be like, how much more are we gonna spend now? We start spending less, guess what? ASAP, you're gonna see, you know, prices stabilize, prices come down very quickly. Dow Industries right now, ups, no, ups, down 720. Nasdaq got 445, S&P's up 116. They're right there folks, come right back. This to gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. VistaGold just completed their feasibility study, resulting in a 7 million ounce gold reserve. VistaGold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accretive transaction. VistaGold trades on the NYSE American and TSX under the ticker symbol VGC. VistaGold executing a strategy to create shareholder value. 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. 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Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks to Dow. Dow industry is down 640 and has XF-423. S&Ps are off 107. Let's get over and take a look at Exxon Mobile. So is it Exxon? I might hold one second. Sorry, I think I might have the wrong one here. Whoops. Yeah, I'll do this again, okay. So Exxon, the way Exxon is, right? This has been a good run and now you gotta be careful right here. That's what's going on. So Exxon today, yeah. Okay, so here, check it out, man. If you guys are in the oil patch in general, this has been a good run. This is a failure on Exxon. You get almost up to the high. The high out there was 105.57. That had 31 million shares. You've only done 20, but you're gonna have a failure. Not on that high. You're gonna have a failure on the high that was established at 101.55. That did 23 million. You're at 20 million. If it closes under the 101.55, that's a failure. So you gotta pull back. Let's see, one second. I think it's a COP. Okay, I'll pull that one up too. So a COP, that's conical. So that's a 81 cents. The lowest 64, the highest 121. This hit 121.362, 36 today. Yep. So what's this high here? That high is 121.37. Look at this, man. This is crazy, oh my God. I love it when this happens. So look at this. The high that was going after is 121.3792, and we hit 121.362, and then you gave it up and you gave it up with light volume. So let's say it's gonna pull backs coming, man. That's how this is shaking out. That's what you do have here inside of the oil market, folks, right? Is that that is a 100% move-or-move, meaning you were trading out there four months ago at 121. You go all the way down to 79, you make it all the way back to 121, you know? So let me bring up the actual oil contract, because that had some juice on it today. Let's see, let's see, oh. Okay, so that's up four bucks, 380,000 contracts. They've got some contract volume. We didn't have anything yesterday. Yeah, well, no, we did have, why isn't that? I see, okay, one second. 235,000 yesterday, you got 380 today. Yeah, that's in the, you know, now you get 96.82 is actual game. That's how that's set up, because your swing point is at 96.82. That's how this thing is shaking out. So I suspect that's gonna probably go after it. Let's go take a look at the, let's see, let's take a look at some of the silver stocks, because it's definitely something that's sticking out like a sore thumb out here today, folks. You gotta remember something, okay? In the market, the market itself is down from 2.5% to 3.25, right? And you can see, gold's down good, right? So what ends up happening is that when you look at something that's not, you know, getting smoked, like if we look at Endeavor Silver, down 31 cents, bottom line is that you went up with 5.27 million and you're back with 2.5. That's what you wanna see, man. That's how this shakes out. If we get into, let's go take a look at Enneco Ego, same setup, man. Enneco Ego, you know, we went up here with 3.7 million or 2.5. Let's go with Barrick and see what Barrick's looking like. If we take a look at Barrick, same setup. You know, Barrick, bottom line went higher with 37 million, 35 million, and you're pulling back with 18. When you get something like that, particularly in a market that is a bad market, a down market like today, folks, that's telling you quite a bit, that's the bottom line, it's telling you, hey, listen, man, I want higher price. Now, let's go take a look at the small caps because what the IWM had done, bottom line, the rest of the market, you know, bottom line took off, same setup. You're pulling back with way too much, way too light of volume. Yeah. The more I keep looking at this market, this, this, it's gonna get, yeah, where it can't catch your bid, but when you're coming down and, you know, so, Pritzis, you've come down, you've got a bounce going. You pull back into the bounce, you have a contraction of volume like we've had. That's telling me that, you know, this thing is gonna basically try to bounce again. That's how it's set up. And the way that IWM looking at the market, that being said, is that this, that's all that would be. I think we have a long way to go. I'm not looking for, you know, basically a bull market out here. The reason that I think we have a long way to go is that when I look at something like Nike, when I look at, I've been pulling up a lot of equities even on the air. I'm gonna start writing them down when people are closing when they're calling in because if Nike, so Nike's trading $87. The high of the COVID low is 91. It's like, that doesn't even make any sense. Well, it makes sense because it is, okay? But the bottom line is that when you have something like that, you know, if Nike can get down to those levels, every stock can get down to those levels. That's my take on the bigger structure that we're dealing with out here. The thing that is gonna be intriguing is that when you're dealing with inflation, these equities at some point are also gonna be inflated because it's only a number. That now we know they were inflated beyond belief from folks buying and running the market up. But what I mean here is this, is that they probably are not gonna go as low as folks actually think they're gonna go because what ends up happening, it'll just be a higher number but that higher number is not gonna buy you more because you always have to remember what is, you know, I'm giving you this for that. What I'm giving you this for that. You're giving me this for that. It's an exchange. So you can see that, you know, whether the folks in Europe, the folks in Japan, their exchange is getting a lot less if they come to the United States. If we go to their countries, we are getting a lot more for the exchange that we have. That's what it comes down to. And the more that you can really start understanding that, then you can really start wrapping your head around the aspect of why doesn't some of these actually go lower? Well, it wouldn't go lower because the aspect, because the dollar is so high. You know, that's what it comes down to because, well, the easy way of doing this is watch what the, a couple of these high flyers trade in Europe versus what they trade in the United States because you'll see how many more euros do you need to buy the same exact stock? That's what it comes down to. So the next mantra that's gonna be out here, and I heard the first guy today on, was actually on TD Ameritrade, pushing that, you know, you should be out here, you know, using your dollars to buy stocks overseas. Now, I'm not in that camp, but I understand where he's going with it because the bottom line is that our dollars were so much more money. That's what it comes down to, you know, so. And the way that this market is traded right here, I mean, yeah, we're not getting a bounce, man. I mean, there's 10 minutes left in the marketplace. You had a low out here today of 632 and we're at 652. You know, you'll probably get some kind of a little spike into the close because the shots want to go home and be flat, so. But that's what that's gonna be. That's the folks that wouldn't like it to be buying here, buying because they're already shot, the position, are inside the option market and they're gonna be closing it and that has to get the option market to make it delta neutral so they have to come in and buy it. Stay right there folks, come right back. The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. David White's investment newsletter, the technology insider, is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future. David White has made his living staying on the cutting edge of technology. 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Right now, we at the spy trading 82 million. The top of the, yeah, you're into the bot, man. You're going after the lows, man. Because the top of this bot was 366, you're at 362. Yeah, it's going to be after these lows. So that's, that high volume lows laying out there still 357 is game. And the X100, that was already digging into it. We'll see what kind of volume we got out here. That's accelerating with volume, too. You're not going to get, well, you might get 78. We're at 60 right now. That's already into the bot, though. The low of that bot is 367.10 and right now you're at 368.77. And then what you're going to, you know, next week we're going to be talking about is that real question's going to be, is this just an ABC down to weekly? Because it's setting up that way. You can see last week we went down with 380 million shares, which you didn't hit, because you didn't hit the high, you actually went up this week with 297. So you see their correlation. That's 100 million less going up, then it gives it up, then it goes after the B point again, and CLA to alligator, and that's telling me that we're going to be dealing with that dollar and that dollar wants to get up into this 121. I mean, the 114, yeah, 114.778. And what will happen there is that if it does take out that, you know, structure, then you're going to probably have a small ABC structure up to approximately the 117 and the 121's laying out there. So the 121 just might be game, man. I mean, this is going to be, you know, the trading, the volatility, it's all going to continue, folks. That's the bottom line in spades, too. Always remember, folks, the back and claw your hideout, the bull can run you over, and thank God there's always another trade. Health happens in prosperity. Have a great night, folks. Have a great weekend, a safe weekend. Come back and visit Tommy on Monday morning, kicks us off nine in the morning. Great show, folks. Yeah, look at him, folks.