 of T. F. N. 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 our man Alan Homo Sasa. What's going on brother? It's isn't it wonderful. I went ahead and invested in your tiger dollars and I got your gold report for a year and also your morning your your call letter and stuff like that and I got over 50% return in one day not counting everything else but I just want to thank you. Tom's not perfect but he tells you how to put your stops in and keeps your losses small. You can take your small losses but then all of a sudden you'll be like Dave Brute and you'll pay the whole month. I mean a big home run and put the money in your pocket. Okay brother you're awesome man thank you. Now Tom O'Brien. Welcome folks this is Tom O'Brien of T. F. N. We've got five days a week. We go seven hours a day. We go 24 hours a day on the internet at tfn.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. Great to be back with you folks. Rowling and prowling. Don't make assumptions. Learn to ask questions. It's always better to ask questions than make an assumption. Have the courage to ask questions as clear as you can be. Once you hear the answer to that question you won't have to make the assumption because you will know the truth. Mugging wise let's take a look at it out here. We have the Dow Industries down 202 Nasdaq off 100 S&P's on 32. Gold. Gold contract up $17.50 trading out at 1985 an ounce. We have silver down 4 cents. $23.05 an ounce. Light sweet crude up a buck 68. $90 a barrel is 90 bucks again. Notes and bonds. You get the 10-year note trading down 13 ticks at 105.15 the 30-year up a full point plus 12 ticks trading out of the price point of 107.29 and King dollar. King dollar right now trading down 346 ticks at 106.218 Euro 105 yen trading at 149 British pound trading at 121 to 1 U.S. dollar. Our phone number is 877-927-6648. It was called folks one of those going on in your world and a world of the S&P's. Let's take a look at them. What do you have? Well they're coming into strength. That being said though the bottom line is that you are into that bar so I suspect the bottom of that bar can be gained. So when we take a look at this you get 86 million traded double tier today. 3 million excuse me not 3 bucks and you can see this bar. This bar is a big bar it's 123. Now the cool thing is is that if you come down fast enough into it that's when I suspect selling will subside but the bottom line is that you're into it far enough. Excuse me folks said you can go to the bottom of that bar once again. Let's take a look at the NDX 100. Now the NDX is leading on the way up okay. Bottom line is that you can see it actually how it's shaking out here and we deal with the same bar but you are dealing that the NDX the three cues also want to go to the bottom of that bar. This is the October 6 bar because you're already halfway into it. You know you're at a higher price while you're at a higher chart level. Let's put it that way. But that being said it still wants to go to the bottom of it. Now and what's also happening inside the cues the cues are accelerating with volume. Right now we're going to go into $75 million. Yesterday we did $54 million and you're already at $57 million. So this thing is whacking right into it and coming into a Friday it could be pretty cool because the reality is that my jam all the way right down into it that's you'd like to see if you want a rejection of the lower price. If you go sideways that's building cause. If you go fast enough down or fast enough up that's when you can get a change in the marketplace. Now 10 year. Let's go take a look at the 10 year here because this is not stopping. That's the bottom line. We're at 4.979 right now and the 10 year got to 105.10 today and we're 105.15. It's hanging there man. So let me put the volume on here. Whoops. So yeah you still got 2 million. 2.1 million. That's a lot. It's still a lot. Yesterday yeah you did 1.9 with 2.1 and if I go to the generic chart take a look at this because we were at the we were at we know we're coming into a huge amount of support. We were at the top of that before I left and I suspect we're coming slowly but surely down to the bottom of that. So I gotta bring this back 20 years. Yeah so here it is right here. Well we're going a lot lower. 104.14. 104.04 is the number. Well it's already done. It's already broken where we had traded for seven or eight months. It did that three days ago. No no no no no two months ago. Hey we'll see where this shakes out but it looks like that 104.10 actually could be game. Gold goes off on its own. I mean you know bottom line is that we've had a couple great signs of strength that people are buying gold man. That's the bottom line. This is good contract volume out here today man. You get 242,000 contracts and yesterday you had 270. You're taking the swing point out. The swing point only had 165. No 116. So you're taking that out like a hot beat and the way this is set up you can see the way this is set up that we have 2128 coming out coming at us. That's that's a big number 2128. There's no doubt about that. That's up to the whole other side and then if we go into the good old dollar what you're going to see with the dollar is the bottom line is that now you don't have that correlation out here today that's for sure you get a lower dollar and you get a lower market but this was quite a run man and particularly what was amazing about it was the one day that it got back over its channel line because that was a huge day of strength and then it kind of just has been drifted sideways for five days but I suspect that this is it. The reason I'm saying that this is it that day of strength was pretty amazing. Then we got above it the next day and we just gave it up in spades. So now what we're doing we're building cars to get to lower price. So we'll see where the whole thing shakes out but it looks to me like with when you take a look at the broader market that the SMP is actually just going to come back and test the bottom of the consolidation again if it does get down there tomorrow I suspect we'll get a rejection because you know you get two or three days coming down fast and furious that's what it takes you know simultaneously to get the selling over with. Dow, Dow Industries, Dow 225, Nasdaq's F117, SMP's F36, stay right there folks 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. Along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders head over to TFNN.com and subscribe to market insights today. Don't miss out on this opportunity to supercharge your trading results. Market insights comes with a 30-day money back guarantee for all new subscribers so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand. 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 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. Oh toll free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back folks to Dow. Dow investors right now down 239 to get the Nasdaq 117 S&P's are off 36. We had Powell out there speaking at the New York Economic Conference out here today folks and then he had a sit down with David Weston. So it was pretty intriguing that I mean what the market got out of it and you know kind of what he said is that he doesn't think that the Fed is at restrictive levels just yet. Well he really he gave the market something with one hand okay saying that you know things are getting there then he took it away with the other hand okay meaning when he came across with that well I don't think it's restrictive yet the market didn't like it at all that's that's the bottom line so you know we'll see where this whole thing's going to shake out but the volatility is definitely there that's definitely there in bonds there's no doubt about that I mean it's a big number if we look at the if we look at the let's just look at the the 10 we know what the 10 is laying out the 30 is laying at 5.09 and then the 2 is at 4.75 the 5 is at 3.9 that gets interesting doesn't it yeah so let's get over to our man Mr. Tim Ward is that we do every Tuesday and Thursday and don't forget folks you can reach our man Mr. Tim Ward every trading day at odd hyphen oracle or d or d hyphen oracle.com that's odd hyphen oracle.com Tim Ward what's going on brother there's quite a bit of stuff going on I thought expiration week would be an up week and tried to hold on long so I could but I still think this is nothing real dangerous here going on but we can start with the the S&Ps if you want yeah you sent me a bunch of shots I love it man okay what number what number was the S&P Tim was it number one uh yeah start with the number one okay good I'm we're there cool man okay all right uh well the second window up from the bottom is a 10 day average of the trend yeah and I I shaded uh uh kind of a pink area when it's when it's uh dangerous I guess you might say that I shade the blue area okay when it's bullish so when it gets in the pink uh you know 0.9 and below it can really uh pick out tops and all those red lines across that chart chart goes back uh you know close a couple of years or whatever and all those red lines are timed when the uh 10 day trend got to uh 0.9 or lower okay and right now we're 0.82 um that was yesterday's close and I was watching that and I'm saying well you got expiration week which is bullish um so I thought you know maybe not all indicators pinpoint the exact top to the exact day all the time that you just give you warnings where a probable high was coming I thought we may hold up until Thursday or Friday then next week we'll be down uh well that didn't happen we just we started down yesterday or a couple of days ago and and we're still going down matter of fact as we're talking here you know we got a trend reading at 0.98 you know still hasn't really reached panic levels but that was a good tip off I was I thought we might you know find support a little bit higher and when you know let's talk about this Tim let's talk about this because folks I'm gonna I'm gonna put this I'm gonna put all the trend up here on so you can see exactly what Tim's talking about because this is really unusual man I'm telling you that you get a market that has been coming down and look at this trend on Monday and Tuesday Monday was 0.40 I got Tim and I got 0.54 on Tuesday it's like oh really yeah yeah yeah I've seen that too and I'm thinking yeah I don't like to see that right I tried to hold on to my position I'm thinking okay maybe you know did you get some weird stuff during auction expiration week which is this week and I think well I'll I'll wait for another day when I blew out yesterday made a small profit right um but it is what it is so I was trying maybe I pushed you a little too hard on this trade but that's all right and so so just folks so we can clarify this right what this 0.54 and for all means all right that there was no no fear in the marketplace people were buying it man they're buying it handle a fist actually right that's yeah that's right that's exactly what it means right actually what it defines you know uh volume going into the up stocks right so they're buying a lot more up stocks uh with volume than uh selling down stocks with volume so yeah it was a bullish sign everybody um for some reason uh got bullish maybe you know they were looking at you know X because October it was March April and October are the three best months of the year during expiration week or during expiration week interesting okay uh so if you go by statistics you know the odds would favor this be uh not like March and April yeah and you know why go three months are up don't know but if you go over time so yes so anyhow the market was going down so now um actually so you know this is bearish as of uh today you know we're around low 80s right now and the 10 day average to get bullish this this 10 day trend needs to get up to around 1.2 or higher wow uh so and panic only forms at bottoms and the trend is one way to define panic is present yes so uh so can you turn bullish here now it's not a good idea right yeah you know uh maybe next week maybe a week after I don't know uh but um so Tim like if we look at the spy right now too you know it's it's into that bar from the the October 6th the strength but more than likely I mean it's going to be pretty hard for this to get get over that you know the 1.20 probably until you get to the bottom of this consolidation right yeah yeah I'm thinking we're going to go to 120 or 420 on the SPYs or 4200 on the SPX okay cool and if that if that area is going to find support that 10 day trend needs to be up around that 1.2 area now if it's not then um you don't do anything until you do find panic which is so cool that's what makes that that indicator so cool right I mean it really does because right yeah so you're not fighting the market you know whenever when everybody's you know running for the door you know you're you're trying to pick out the best trade you can find and all that panic is kind of you know you know how much panic can you get you know basically the the more panic there is the higher probability you're near the the lowest low yes so uh but but don't ever try to buy a market with or at least on the SP's or the NASDAQ or whatever not uh this really does imply the equity market but you know you you won't find a bottom unless you find panic right and once you find panic you're looking at the bottom so um there's another indicator I wanted to touch on let's go to page two for real quick okay and uh we talked about this uh last week and it was his wag breath thrust indicator if I say that 10 times real fast that's right so but anyhow it got down to uh uh well actually the last bottom up to four 420 area on the S&P's is wag thrust thrust indicator get down to 0.4 and I was looking for a sinus strength up to 0.6 uh to really give confirmation of a bottom and that had to do that within 10 days well the 10 day period is today yes so we're not going to do it so we did not get a sinus strength off that 420 area yeah that I was waiting for that Tim that he was even on vacation I said this is going to be cool stay right there folks Tim and I are coming right back our phone number is 877-927-6648 we have the now industrial straight down 4 uh down 246 NASDAQ off 128 S&P's off 39 Tim and I are coming right back folks Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter mastering probability and you'll receive access to seven of Steve's educational webinars absolutely free at tfnn all our newsletters come with a 30-day money back guarantee so you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors 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 and 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 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 has just launched their new trading room the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the tiger's den available to all tigers and tigers for just one dollar for the year there's no cash or added costs when you join our community of traders in the tiger's den you can look over the shoulders of tom o bryan 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 tigers 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 don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv welcome back folks uh tim with tom o bryan we do appreciate your growl and prowl with us out here we have the dow the dow is trading down to 15 azix off 117 s and p's are off 36 uh tim and i were just uh tim's bringing us through the um marty swag um basically ratios yeah no i know and you know i can't say it either so hey i for for for one second we were talking about page one and flip to page uh chart three real quick okay cool page one right top three yep well no pad we'll to chart three okay i'm i'm there yep all right so you know this is basically chart or chart one taken down into a smaller time frame because so you can see what really was kind of going on okay and uh the bottom window is that 10 day trend and i i got a pink area i drew up when the i see that down around 1.2 right and showed where that picked that bottom out wasn't exactly perfect but you know it's good sure and so now uh yes they were at about point eight two on the 10 day and so i my scenario is you know the trend has to get back to 1.2 or in that vicinity and i'm thinking that's going to happen when the s and p's which is the top window yes so the it goes down to around that 420 area and normally when you get start to get panic in an area next time around usually get panic in the area and we did have some panic there i wrote it down the trend uh all the stuff in blue there the trend clothes uh are in blue and the tick clothes yeah when they reach panic areas and we did have panic areas between looks like about 420 to 425 range all right so so we had it once and normally when you go back down to it you'll get it again uh so we'll have to see if that happens if it does happen then uh i'm back you know looking for a low in that vicinity so uh you know that's going to be my setup whatever happens uh in that 420 range so if you don't get panic in the ticks and trend you wait yeah now you wait until you do get it this is where this gets real interesting because if we don't get panic at that level well your next level is down to 403 right yeah yeah you the market will go until it gets panic right right so and i've seen it before but actually it goes down panic doesn't happen market takes a kind of a bounce and goes back down to that same level again then you get panic and it goes i've seen the time frames sometimes it's not right for a time frame being though the price i say cool and i and i've seen other times where the price is you know the first time down and but so anyhow i don't know how all that's going to develop and i'll have a crystal ball but all i know is to get to get nearer bottom you got to have panic and so that's what we're going to be looking for in this next uh nice next pullback uh you want to go back to the swag thing there yep absolutely here we go good we're good yep all right so we're back to this swag and the uh red lines are when the swag breath thrust indicator hit below 0.4 then the blue line is when the brag thrust indicator hit 0.6 and it happened within 10 days right so that's the parameters you got to have for the brag thrust uh breath thrust indicator to trigger and for a brag thrust indicator to trigger what that is says you're forming a low so you got panic on the downside and you got a sign of strength through the upside so if you don't have the sign of strength the upside it's not a bottom yet so that's what this indicator is really good for so you got to have a selling climax and you got to have a buying climax so because selling climax if you don't get a buying climax you're going to have another selling climax perfect that was going to be my question right so now we start all over again so now we need to selling climax then we we go for the well it's a selling climax that what that a sign of strength then that number goes up within 10 days of that first sign of strength is that it or just well you get like a sometimes you get you know i can't quite read the swag breath thrust indicator as of yesterday's close came in at 0.42 yep so most likely we're reaching the panic level on on at least the the the swag breath thrust indicator probably today ending blow point four is where that indicator needs to be to get the sign of weakness or i got a selling climax yep and so that's developing right now but it can stay blow point four for you know several days you know if you're looking for i don't know i got that yeah so it can stay there so i can start to count when it starts going up and keeps going up right so you can stay stay down there below 0.4 you know maybe for two three four days whatever it is then once it starts going up that's where i start the 10 day count from okay cool so yep so yeah so probably the brag thrust indicator is going to hit you know my opinion probably 0.4 lower today but if you you know on chart three you know we need the 10 day trend to get up to 1.2 yes which we're a long way from that yeah yeah we're a long ways from it so i'd be i'd be not in a hurry to uh to get so you know so the brag thrust so say we do we get the 1.2 on the 10 day trend and we get the down to 420 and the market rallies on that market rally that brag thrust indicator needs to get to 0.6 in 10 days if it doesn't we're going to go back down again until we do so i love see how i'm talking about no i listen man i love the conversation i think it's it's it's great information because the market folks is always releasing information and tim just looks at the market at a different way and so it's beautiful when you can look at this information particularly because now when you look at the the 10 day arms you know this next level down folks okay yes it held the last time we're here but if in fact that arms still stays low because people people keep buying well the bottom line is that means you can bust it apart that's one scenario the second scenario would be that you know you get the fear that's coming in the arms blows out and then good then you got to trade you know so it's really cool all around him you know it really is yeah and so so you know the brag thrust is good once we get the rally going if we get a sign of strength if you notice the sign of strength a lot of times there's like a short term pullback too sometimes yes pullback sometimes you don't right along as you get a brag thrust indicator you know bully sign chances are that you're you're changing to an intermediate term rally yes and so that's what we're looking for so uh it's not a day trade you know you ideally you like to get on trade and hopefully up every day day after you buy it for the next five six months that ain't gonna happen but right uh i'm looking for you midterm but if you look at that last true uh on the on this lag breast thrust indicator during that bottom process from April of 2022 to April of 2023 we had three uh swag breast thrusts uh indicators at that low all approximately in the same location wow so that was a good sign that intermediate term rally starting so that's reason why i'm kind of a little bit more bullish on the bigger time frames because i think this market on that base period for the whole year has run as course to the upside yes so i'm thinking airman term trend is basically still up that's how i'm looking at it yeah well and we're not down that far i mean that's that's the reality i don't know it looks like an abc down to me yeah stay right there folks tim and i are coming right back and don't forget if you can get hold of tim every trading day folks at odd already hyphen oracle dot com that's odd hyphen oracle dot com tim and i are coming right back give that our industrials trading down 204 and as 6f109 s and p's off 32 come right back folks if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try tomio brian delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and 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 basal 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 and stock prices get the opening call newsletter by basal 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 and you'll get a full refund within 30 days of signing up tfnn.com educating investors today an investor should consider the investment objectives 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 prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and tiger's for just one dollar for the year there's no catch or added costs when you join our community of traders 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 and tim oid tumble around we do appreciate your growling and prowling us out here we have the now about 261 down 261 azik up 132 s and p's off 40 okay tim which i would like to go to let's go to four okay number four yep and and anyhow the discharge goes back to 1984 i think we talked about it once before yes and the middle window is the monthly xa u gold ratio right so it compares the the stocks against the gold so it's a monthly it's a monthly time frame so this is a big picture in the bottom window is the slow stochastic of that xa u gold ratio so and i've been kind of bullish i think a major low last time the signal comes when the slow stochastic of this ratio block goes below 10 and turns up and i mark those all the times with uh and blue lines there where those signals come and the right above the slow stochastic is the uh xa u uh index so you can see where the index were triggered uh when they were triggered and last time this thing was triggered was august of last year now the market uh has gone up a little bit and i'm thinking you know i'm not an expert of elliot wave could never make a lot of sense out of it but you know there is some aspects that is pretty good but probably it picked out the leg one up and went into a high here whenever it was and we've been kind of retracing i think it's probably elliot wave two down but in my opinion we're we're going to make a higher low so the next leg up's probably going to be a three but i think the major low was made last year in august of 2022 well the market started an uptrend from there and and the gold and the gold contract i mean it stands up in a way i mean you get some huge signs of strength in here right i mean you know yeah we just came out of nowhere up 50 bucks with volume up 40 bucks with volume do you know what i mean that yeah so so i'm only thinking you know we're going down we're not in a bear market anymore i think we're in a bull market it's been a bull market since august last year yes if the top window is gold and you see where that blue line hit that bottom pretty good and gold had a it went back and tested its old highs and barely has retraced any uh so uh i'm i'm thinking that we're in a bull market so the only thing we're screwing around now is the shorter term time frames and uh momentum rules quite a bit different things when you know then we'll go to chart five okay and uh i thought we hit a decent low back in august and we want to build a little bit lower low uh into this october low and i pointed out uh the bottom window is a gdx up down volume percent with an 18 day average the next higher window is gdx advanced decline percent with an 18 day average and we talked about it on your show that you know the gdx which is the top window make lower lows and both those indicators made higher lows yes uh so to me that was a uh a bullish divergence and i thought we were at august lows i thought that was a low well it didn't we they went we tumbled down and um and now we know we came off as last low like crazy and i put in my i think we even talked on your show that everybody was calling me that right you know that's right and it is and stuff so i went and bought options and i bought those options on september 28th you know about a day or two right before the actual bottom bottom uh so i still got those options um you know when i'm going to sell them i i guess i'll be watching both those indicators on the bottom if they you know the close below minus 10 i'm i'm definitely out yes but if they get up to you know extremely high levels you know you know plus 40 range you know a lot of times that's kind of like a sign of strength that couldn't get any stronger okay sell them but right now even though we can kind of consolidating here we're hitting up against the 30 range on gdx which is some previous highs there yeah so i've still got those options i'm up a couple hundred percent but yeah i'm trying to figure out you know this is a good place to sell it get back in a little bit later i don't know you know you know it's always great in the gold market tim think about how many times i know many times i get calls you know you sell it what happens folks you sell it because you made money and as soon as you sell it you want to get back in you know it yeah so yeah this is a daily uh so the dailies are bullish because uh both you know those two indicators are above minus 10 and then general trending higher so that's what to the next chart okay i have it uh which is the weekly yep and what i found out when the weekly's either one of the the bottom window is the uh advanced decline for gdx but it's a cumulative so it just adds on to what you know adds on itself so it's a little bit different than a moving average and the next higher window up is up down volume accumulative and same kind of thing okay and it it works pretty good when either one of them you know closes above or below the bowlinger band doesn't have you know either one it's a signal so sometimes you'll get one closed above the other other one and right now uh two days ago both are above the mid bowlinger band as i did this just one of them above the mid bowlinger band by the way that's a signal okay but they need to hold it but this is a weekly chart so on friday tomorrow if either one or above the mid bowlinger band it's a bicycle on a weekly time frame all right if you notice these signals uh can last anywhere from you know a month or two uh to six months yes because the the last signal was generated was in april and it's just now teering around on a buy signal so april to now is that wow both six months so that was a six month decline it caught um yeah and these and he stayed below the bowlinger band so uh so can it last another six months um you know i'm thinking you know these signals could you know there's a pretty good indicator to catch a trend right and uh so it's something if you're an option player you know you you got a window of i don't know two months to six months this is an indicator good for that it's a big number yeah it's a big number there's no doubt about that yeah it's a big number okay i know we don't have a lot of time we've got one minute left and i want to go to chart seven there we go i have it all right so we looked at the daily and we looked at the weekly and now this is a monthly momentum indicator i'm still using the uh uh up down volume indicator which is the top window i'm using a cumulative up down volume and the bottom window is a cumulative advanced decline but it's on a monthly time frame right so so these ones when they give a signal that you know it's like a two-year signal it's a big signal the last signal we got was was in you know looks like about january 2021 and it showed the middle window is a gdx so it didn't pick out the top but it's looking at a real big time frame yes and so far we haven't you know closed above we kind of scoot around with it back in i'm with you i can see that we're not above it yet but in this the middle he's looking for the middle bologna band there folks okay when you're right yeah the bologna band right now both of them are below it but you know this signal will be a little late yes once it turns it usually stays on that it doesn't whip around right it'll stay on that signal for months uh if you go you know if you look back gave a signal back in the 2012 top and never gave a buy signal until 2016 wow so so this is a good indicator to pay on the bigger time frame no doubt well listen tim it's always a great education you have a great weekend safe weekend we look forward to speaking on this coming tuesday right thank you stay right there folks come right back are you ready to take your trading to the next level introducing tom obrien's award-winning newsletter market insights your key to successful active trading tom obrien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30-day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of tom obrien's award-winning newsletter market insights firsthand 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 basal 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 and stock prices get the opening call newsletter by basal Chapman and your inbox every day 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 tfnn.com 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 tfnn.com then hit watch tiger tv welcome back folks says i'm down investors right now down to 24 we get the nazik off 114 s and p's are off 34 mrvl let's take a look at marvell technologies one of the targets out here so the lows 33 the highest 67 they come out with their numbers on december 1st and they're going to be looking for let's see what we got here they're going to be looking for 1.4 billion the top line and 40 cents down below so if we take a look at this baby no i wouldn't be touching this yet one second so you can see this whole gap's not filled yet yeah this must be from the last earnings call too last earnings call like it's up to that 55 level you're trading 50 right now and this thing can get down to that 45 level on about a heartbeat yeah that's i wouldn't be touching that right now it's like this that's that's what i just love to do man it's a mind blow but that's exactly what they like to do uh netflix uh that little pop out here today because of the subscriber base you know the headlines that's up the most of the headlines the up most has been in years and it's like okay yeah i know you're up 15 percent or 12 percent but the bottom line is that you're still down off your highs like in a pretty incredible way like 402 i think the highs are 550 or something no 700 you know some of these headlines folks are just you know i love bloomberg but it's just a mind blow man sometimes you just see some of these headlines it's like and it goes both ways meaning that they'll say a stock's getting actually croaked and you know stocks down a few points yeah so you better make sure that you look at you know what they're saying in general okay uh before you do anything out here that's the real bottom line um inside the Dow industrials let's see quickly what was put in strength versus the weakness in them so inside the Dow out here today we had the weakness had to do with nothing heavy caterpillar minus 42 united health 29 strength sales force strength big mac have a great night folks have a safe night come back and visit Tommy tomorrow morning kicks us off nine o'clock great show folks we'll get him folks