 is a presentation of TFN. 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. Hey, Robert, how are you doing, man? Yeah, thank you for taking my call. I wanted to let you know that I've been a subscriber for a couple of years, just different members of your team and I really enjoy it. But really the reason I'm calling is to express my sincerest gratitude for you providing that information yesterday on the small business grants. I'm a small business owner, a primary breadwinner for my family and if I can get that money, it's gonna really mean a lot to my family. So, thank you for taking the time to do that. No, listen, man, we appreciate you growling and prowling with us. Now, Tom O'Brien. Welcome, folks. This is Tom O'Brien of TFNN. We have five days a week. We go seven hours a day. We go 24 hours a day on the internet at tfnn.com. Always remember, folks, whatever you think about, you bring about whatever you focus on grows. Hope everyone's having a great day, safe day. Let's make it a great night, folks. Always do your best, but don't overdo. When you overdo, you deplete your body and you go against yourself and it will take longer to accomplish your goal. Likewise, let's take a look at it out here. We have the Dow Industries down 431. Nasdaq is off 131. S&Ps off 53. Gold. Gold contract trading down 570 at 1672. You get silver down 11 cents, $19.24. Late sweet crew down a buck 28. $84.45 a barrel, notes and bonds. A 10-year note, down 17 ticks, 113.26. The 30-year offer full point plus five ticks at 129.25 and King dollar. King dollar's up 482 ticks, trading 110 to 20. The euro is at 99, the yen is at 143 and the British pound is at 113 to one US dollar. Our phone 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, bottom line is that you're getting a rejection of lower price, folks. If we can keep where we are right now, it would be fine. You close right here, bottom line, that's a rejection of lower price. You have light of all. We have in the spy right now, you get 51 million shares traded right now inside of the spy. So ball pocket, let's say we do 71, you rejected 103 million. And that's it. So we have to close above 382.11 and right now we're 382.95. So let's, let me go into the futures first because this is going to be interesting because I just want to show you, there is their bias here, man. There's been three different trusts up and they have volume behind the move here. So we take a look at this, you're going to see, first you came off this low and you had volume all the way up to 3862. That was the first time we had volume all day, meaning that's how you want it too. You don't want up the lows. You want it when you're coming up. We had 48,000 contracts there. Then we back down with 35. So you had 48, you back down with 35 and then boom, we go higher with 77. And now we're dealing with this 10 minute bar and it looks to me like you're going to have light of volume on this bar. So this is where the rub is going to meet the road here. Well, that's good. No, the new bar is starting already. That's not bad, man. So we'll see where that one's going to take us. Now when we go into the NDX 100, the NDX is a little bit different. And here's the divergence. There's no doubt about it. The divergence is that the NQs, well, first off, the QQQ, we didn't test the low, which is a problem. It's not a problem, but guess what? It would be a lot cleaner analysis if it did test the bottom. So what we had here is that we had come down on Thursday and you come down with 79 million. Yesterday, you go higher with 52 and today you're going to do nothing. So it's a sideways move. That could definitely be a problem. But my take is that we are still going higher and the reason for that has to do with that S&P. And I like how it's operating. I particularly like how, what I've found is this, is that on big announcement days like this, is that if you do hang at those lows and the volume contracts, but you can get above it slightly, it's like, okay, man, someone knows something, and we go on higher. So I'm sticking with that thesis. Oil, let's go to the oil market. Let's take a look at the oil market. The oil market is unbelievable, man. The oil market has just been like, you talk about going up and down three days in a row, I mean, three dollars every day, it's amazing. So the low today was 83, 52, the high was 86. Now, if we take a look at this, yeah, this is, take a look at this. This one's lower price, man. Yeah. Is this, that's October oil. Yeah, this is, to me, that still looks like it wants lower price. That's how that baby's set up. We go into the note and bond market, and what we have here, I'm gonna put this on a continuous, because what's happening is that we have already done a 100% move of a move, meaning that most times folks, let's say that if you go up $15 and you come back down $15, that's a 100% move removed. Most time that's the most that any equity futures, all of the above does. You know, well, it can go lower or higher, but my point is then it starts going sideways, it chops around, it does all of those things, okay? So if we take a look at this 10 year first, and we put this back, we take a look at it. I just wanna see how, what it's coming into. Okay, so then we put this, I see, okay, so, okay, I see right there. Okay, this is good. Well, you're coming into a lot of resistance here, support rather on the way down. Now, the support has been null, that's for sure, and I suspect if this is gonna be a bounce, we'll see whether, but you're definitely coming into some support there, and the dollar hasn't moved at all. I mean, the dollar basically is saying, hey man, I'm going to the moon, and you can either come with me or not come with me or try to fight it. It looks to me like that dollar is not gonna move until there's an announcement out here tomorrow. And the real, the kicker than the announcement tomorrow, I suspect what we're gonna have folks is that it's gonna be 75 basis points, three quarter percent. And if we do the three quarter percent, what will end up happening, that the rate then would be, you got the high end would be three percent, because no, the high end would be three and a quarter percent. Yeah, because we're at 2.5 on the high end of the range. The low end is 225, the high end is at three and a quarter. And it's real possible that, actually let me look at this for a second, I wanna see this because this came out too. So the calendar, okay, so the calendar, yeah, you know what man, I bet they're gonna go 75 basis points and that November 2nd, you know, I know the Fed don't speak to political and all that, but that's right before the primaries, right? They can take a pause there. That'll blow the market up big time. Stay right there folks, come right back. Blooming inflation, we are purchasing powers eroded, there's no better place to protect your harder and money-thinning gold. Vista Gold's flagship asset is the Mount 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 tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. Vista Gold just completed the Mount Todd Feasibility Study, which resulted in a seven 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 Mount Todd as an attractive, diverse party, ready development stage gold project. Vista 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. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com, TFNN, Educating Investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry 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. Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back folks to Dow. Dow Industrial is right now down 388. We have the Nasdaq off 115, S&P's are off 50. Let's go over to our man, Mr. Basil Chapman as we do each and every Tuesday. And don't forget folks, Basil has an outstanding show here. Every trading day, 10 to 11 Eastern standard time, also a great newsletter, the opening call. Now it's very easy to get this newsletter folks from over to our website at TFNN. You're gonna go into newsletters, you're gonna see it right on the right-hand side. You just hit that opening call, you're gonna hit subscribe, you can get the opening call for one month for $149. You can get it for six months for 6.95 which is a savings of $199 at 22% and you can get it for one full year for 11.95 which is a savings of $593.33 or 33%. Now they all come with a 30-day money back guarantee folks. Basil not only does an outstanding newsletter, he has some great archives out there, you can go through them, you can really understand how to ride that wave each and every day. Basil Chapman, how you doing? Good afternoon, Tom, how are you? Good, you're getting your voice back. Hey man, everyone liked that voice you had and I'm sorry you were sick but that voice was pretty cool. That was a Paul Robeson one, yeah, it was very usual. I wonder what happens to the body, how things can change like that. It actually put me down at least an octave lower than I usual in my normal 10 of voice. Oh yeah, oh yeah, for sure man. I thought I was listening to the mafia when I was on my way to the airport on Friday. In a good way, in a good, it was a great voice man. It was deep, it was like, wow man, what a trip this is, yeah. It was awesome though. Well, I hope it's gonna be over because yeah, this is the healthiness has to reach it. That's for sure, man, that's for sure. So what are we looking at out here? So there are a couple of things that are going on. One is, as I mentioned last, we've been raising cash, we've raised stops in our long positions, if you're taken out, that's fine. I think there's going to be plenty of opportunity if this market does turn around. There are so many sectors that were very, very strong and then just got really decimated. And if things turn around, there'll be plenty of buying opportunities. So I'm not in a rush to do that, but what is very important is that within the context of patents, there's, I wonder if I can just do, I'll get this right now. See, it's because it's a very interesting patent. There's a patent that I talk about, which is the price rises and then all of a sudden it starts to fall and it makes lower highs and much lower lows. Then it finds some support and all of a sudden that declining, expanding cone turns around with a V or a cup shape formation, takes out the declining trend line and actually works its way all the way to the upside. Well, it works both up and I reverse the chart so that even the lettering's upside down and it works on the way down. And I have a couple of, really basically a rule of thumb for, and just do that so you can see it. So this is the daily chart of the Dow. And what has happened, we came sharply down to the 29,653 low of June 17th and it started to rally and it kept making higher lows and then much higher highs and then eventually it went in the chart where it went to a peak F at 34,281 on the 16th of, that was the 16th of August. Turns around and that's a little chart called the societal doji candle after a high is made or one by before, one by after. It's very difficult to see because if you're looking at tops and bottoms, you won't necessarily be looking for some kind of a tiny plus sign doji candle. Well, that's what you got right there on the day after that 16th high and then it started coming down. Well, three days later, we went short via the doji and we remain short. That's at about 33,300 in the Dow. And what happens in this particular pattern when it goes just to peak A or B and turns around the pattern that you and I were talking about last week called the dreaded H, if it takes out that left side low that can keep going very much deeper. But the higher it goes when eventually it turns around the source to make this extended expanding wage formation is used up so much energy to the downside. Now I can move this away. It is so much energy that very often it starts to stall at what I call the Chapman Way inside track support area. That's now become a resistance area but it doesn't go that far before it attempts to have a really good rally. See, it hasn't taken out the 29,653 low of June. So far. So this is a very important moment in terms of the patterns is the daily pattern. It's a little different in the S&P and the QQQ but you can see in the weekly chart we've already taken out in the weekly chart we've taken out that same support level and the monthly chart now is very important. So I think it's numbers that we're looking at because if after what is not what the Fed says or even what the Fed does it's what the market, how the market responds. That's the only thing I like to look at. What will the market do after tomorrow at two o'clock or 2.30 with whatever the Fed and the Fed's in a very difficult position. So it's numbers. So 30,000, we're at 30,684 right now. In September, going to the first week of October I think there's 30,000 psychologically and having to do with millennial levels. I think this is very important, the 30,000 it has to hold. If there is a rally that rally has to get above everything that's being looked at as resistance and has to get to the 31,500, 31,700. So for me that's those are the important numbers that we're looking at. At 900 points, but we know that in this market 900 points is not 900 points in a normal market. I mean today we had the spread today is, well actually I see the spread's not as much but if you had looked at the futures folks the spread would have been actually more, right? Yes, right. And look, the same thing happened in the S&P. Not by much, but we've taken out the key Chapman Wave inside track support level. Now that's a resistance level at the 3980s. We're at 3850s right now. If you look at the QQQ, the NDX100 trading vehicle that hasn't even broken above the inside track resistance level and held above it. It's gone once or twice just above it but it's come right back again. So there's a lot of work to be done. And that's what I'm saying. And I think I always use the SMHs as a good example of strength in the market and the SMHs are holding right now. They're only down two or two or three but they're at the very lower end of the rung. So there's a lot of work to be done. So that even if we get a terrific turnaround going into the end of next week it's how the different sectors respond. You can get individual stocks within a sector. For instance, look at Tesla. Tesla doesn't even know that there's a bear market going on right now. It's holding very well. Will it continue? Well, it doesn't matter at this particular point you've got specific stocks in specific areas but I'm saying as a general thing I'm looking at semiconductors. I'm looking at the general market. I'd like the Dow 30 to at least get on track because it's just such a nice mix. It's got financials. It's got, in fact, if you look at the financials, XLF the financials have held well but not that much above the June high but I mean, in essence, they're also being weakened. So I like to see the financials going with the general trend of the market. I like to see the semis. So there are a lot of wishes that we have but price is the arbiter of the trend. So if we can get a good seven or 800 point rally going into a week from today, I think that'll be very good. And folks, come over to our website at TFNN. You're gonna go right into the newsletters, you hit newsletters, you see the opening call right on the right-hand side. Hit that baby and you are off to the racist. Baz, you have a great one, safe one. Glad you're feeling better, you know? I am. You are quite a trooper, man. I'm telling ya. Well, looking forward to the show tomorrow at 10 o'clock. There's a lot to discuss. I love it. Okay, tomorrow I'm on at 10 o'clock, folks. Baz, I'll have a great one, safe one. Thanks so much. Thank you very much, Tommy. Stay right there, folks. Come right back. If you want to 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 the 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. 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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. Down industry is right now down 323 and you get the massive off 99, S&Ps are off 43. So let's go into the NQs here for a second and take a look at it because the market, no doubt, is jumpy. The NQs are moving to 20 or 30 points at a time. Up, back, up, back. That being said, you still have, this still wants higher price, man. You can see these blurips, okay? The biggest one, no doubt, was at the 1440 hour, you know, 20 minutes or three. That being said, though, the last bar, well, the last bar wasn't bad. Last bar was 10,000 contracts. The bar before that was 13. You see, it's got a little dollar, but you're going into 12 and 13. You know, so I can see why this is still not a bad setup, man. I mean, and my take is that if we land right here, this thing when this comes out tomorrow morning would be going higher. So if we take a look at the, we go into the E-minis. We take a look at the E-minis. Oh, that's a good, not like, ESZ I want. Okay, ESZ. So we take a look at this contract. Let's back at it. And this is stronger than the NDX, we know that. Last bar, so we're on a bar retracing right now. Let's see, we're retracing. This is good, oh, you get a minute, okay? So the last bar up, folks, we had 49,000 contracts. So we're going to watch this bar, and in fact, look at this, this is nice, actually. What is that? That's 3868. Okay, we're right at it. This is going to be cool watching this shake out. So watch this, 3868, folks, is the high of the first high volume bar. So the real question's going to be, can it get into that bar number one? Now, if this can't get into that bar, meaning I'm talking about by five or six points, not, we're into it by seven tenths of one percent, or three quarters of a percent. At the end of this bar, and we have a contraction of volume that's telling me that this thing is going to try to go right to the highs of today, which was in the, which is 3892. 92, 93, that'd be quite a, that'd be quite a move, man. Hey, that's, that's what you could have, though. You know, we've had free trust so far. That's how this has worked out. You know, the wild card here, no doubt, is the aspect of the Nasdaq, the Qs, and the Nasdaq 100, not testing the lows. That's the wild, that's the wild card, where the S&P did. Now, what is intriguing is that if we look at, yes, so watch this for a second. If you look at the, there's two different ways to look at this. There's two ways to look at everything all the time, right? If we look at the calendar, the Fed calendar, this is, right? You're gonna see where it's September 21st, and let's say we get, you know, 75 basis points. That gets us to three and a quarter on the high. November 2nd, the elections across the country in November 8th, folks. So this could be a classic, meaning I think I remember this same thing, actually, George Bush I, he was blaming the Fed that they also continue to go up on rates when the election, right before the election. So that's a big wild card, man, there's no doubt about it. But here, let's picture that, and where I'm going with this, because of the way that the S&P is reacting out here today, I'm really going that it's gonna be 75 basis points here, and then something in that statement looks to me like it's gonna be a little dovish, you know, and you can get another pop, and, you know, let me just look at this for a second. So if we look at, see the bear side of this is that, you know, even, and I watched this real closely too, when Basil was bringing up the SMHs, okay? Now, this is not a good setup, man. It's not a bad setup. And the reason it's not a bad setup is that the most volume in the SMHs came actually on September, well, we have volume at the lows, but then we had monster volume on September 1st. You had volume, you had volume there of a 30, two, 6.8 million. And then we came back and we tested that with 4 million, and then we went low at 4.3. Now it's been going sideways and the benchmark on that is that 204.16 and you're not over it. So that's not a good setup. That's like, okay, you can go for the highs of the lows, which is 197. The, let's go look at the Dow Industrial. So we take, I'm gonna look at the diamonds first because the thing that's intriguing is that with the S&P, so the diamonds are set up the same way. This is good for the, see this is good for the large capstone. This is gonna get interesting. So what the diamonds did is this. So the diamonds folks are the ETF of the Dow Industrial, okay? So what we have is this, is that your high volume low was a 305.35. We hit 304.58 today. We have 2.2 million, it was into four. So bottom line is that you're not gonna be close to it, you have rejection of lower price. That's telling me the Dow Industrial wants to go higher also. Now, if you put that together, okay? If you put that together, what the aspect is, okay, why does the S&P technically and the Dow Industrial's technically look better than the, and the X100? Well, what that would be telling me is that the dollar is actually gonna give it up because what happens is this, is that your big Dow stocks, the big S&P stocks, okay, bottom line do huge amounts of business overseas. And I suspect that their loss level is incredible with the dollar being as strong as it is, you know, so. And you can see as we're hitting it here, man, the bottom line is that this buyer came right back in, watch this now, this is, you can really learn about price and volume folks, you know, these 10 minute buys are really cool. So look what, this is typical too, man. Look what this buy just did, folks. Brought it down to 905 and in a split second, you're at 950. And how many minutes, yeah. This is good, there's only six minutes in this bar and you're gonna have volume in it. And I believe, let me see if you have 0.786 yet. We just broke the 0.7, the 0.618. So the way this works Fibonacci expansion contraction wise is, you know, you bottom line, you broke this 0.618. That's saying it's strong and that's also saying that guess what, we can run right for that high now. That's how that's set up, man. And if that's what you get, then you are gonna have, at the end of the day, you're gonna have a rejection of price, you are gonna have light of volume. And let me just go back to that just to make sure that this thing didn't really pile on. No, you're still there, you got 57 million. We have to do less than a hundred and three million. And we're gonna do that. You know, what we did have on Friday, I don't know if you, when you saw that volume on Friday, and this is a problem because it was a down day, Friday had a total rebalance and also folks, that's what was going on. You had monster volume all over the place. I mean, when you look at it, let me, and that's a problem because I've seen before where the volume goes, the market goes. You can see on the NYSE, we had 3.4 billion and the NASDAQ composite, I think it was 7.8 or something. 7.1, so we're talking big numbers there. But all said and done, man, I think this is deviant as it can get, but you know what, there's plenty of people that are saying that the market's gonna crash and all this too. And bottom line is that when you hear that and you get a rejection of lower price, that's a good theory and analysis to go top side. Stay right there folks, we'll come right back. We have the Dow, Dow Industrial is right now down 250, you get the NASDAQ, down 81, SAPs are off 34, we'll come right back. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC. Vista Gold 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. You might find that it's not so impossible after all. 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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 investors right now, down 271. We get the Nasdaq off 88, S&Ps are off 36. And we can go, we got some action here, man. So let's get over and we take a look at the XAU and the HUI because what would happen here is that if I'm correct in the assumption that the spy wants to take off on, I suspect at this point it's a counter trend bounce. You're gonna see gold take off. Yeah, this isn't a bad setup, man. Because what you have here, XAU-wise, yeah, it's not a bad setup. You can see that golds at lows, XAU, you know, the XAU low is 94, 42, and yet we're at 99, 84. And what that's all about, that's all about this Newmont. You know, Newmont, bottom line, you know, the low that was established on Newmont is $47 here at $42.90. You know, bottom line is that Newmont is the largest weighting structure inside of the GDX, the HUI, as well as the XAU. Yeah, listen, the GDX is performing right too. You know, we need to put a few of these together, folks, okay? So when you're trying to analyze, you know, basically the markets, you know, you wanna put a few of these together because it brings your probability much higher if they're in harmony with each other. Like what's going on with the gold market right now, the GDX, the XAU, and the HUI, that is saying that that's doing the same thing. That's rejecting lower price. So you get the GDX rejecting lower price today at $23.50. You have 15 million shares traded. Well, 15 million is going into 30. So that's a good setup, man. That's saying that, okay, you're pulling back, you have lighter volume in the pullback, you don't have any more sellers down at these levels. And if you don't have any more sellers, it doesn't take much buying in to basically accelerate the market higher, folks. That's how it goes. That's just a bottom line. That's a cut and dry deal. If you wanna see something that's gonna be really wild, and this is gonna be intense, DW, we haven't seen something like this for a while. So if you take a look at digital world acquisition, right? So it's amazing that the SEC basically let folks get away with selling these Spock's. So just to refresh your mind about how a Spock works, folks, okay? Is that a Spock? Pitch it at all of us together. We raise money, right? And a Spock is only worth $10, period. It's $10 in cash until you find a acquisition target, okay? Well, bottom line is that they raised the money, they had an acquisition target, and the bottom line, what ended up happening is that that target went up to watch this. Now, this is pretty intense, man. I won't know, let's put it back on. Because this is, what this is, this is the uneducated masses that I can guarantee you, there's no professional traders in this stock. Well, bottom line, you can see what ended up happening. It went from $12 to 173. Was it 173? 175. Traded a long period of time, $50, $80 and all that. Well, guess what? This Spock here has only until this coming Tuesday. And if they don't get an extension from their investors, the bottom line, is that it's gonna be worth $10, and the game's over. So this is really, we haven't seen one of these for a while. There have been plenty of blow-ups. So what the difference was, is that the blow-ups were about a year ago. You know, this whole deal imploded. One of the biggest guys in the business, he had three of them imploded in a row on them. And what I mean by imploded is that he had to give them back their money, the $10, but because they can publicly trade. This is the thing that the SEC, they're always late, man. And so what it is, I'm sure there's plenty of investors that don't realize that all that is is $10 in cash until the acquisition is made. And then they're hoping that the acquisition is made at a lower price and it's actually worth more money. Well, anyway, you get the gist of it. But I suspect, we'll see what happens. If they get an extension, if they don't get an extension, that will stop trading on Wednesday morning and everyone will get $10 when it's still trading at $19. I mean, it's been coming down, but you get the gist. We go into, let's go into the Dow Industries and take a look at the strength versus the weakness here. And what we have point-wise out here today, you have Apple putting positive 19 points, Boeing 11, United Health 5, taken away from it. It's Home Depot 37, minus 37. You get Goldman minus 30, you get Nike minus 28 and you get Caterpillar minus 23. So let's go take a look at Home Depot for a second and see how this is shaking out. Okay, so, so you got, oh, this is good, man. Okay, so Home Depot just about tested the lows. Let me put this back for a while. Okay, so, yeah. You're gonna be in consolidation for a while. It's not a bad setup, though. What is this price? 254, we hit 268, 264 to, you're over 278, yeah. If this gets over 278 or 274, you just might have some action, you know? And listen, I think, you know, no matter what happens with the aspect of the rates on Wednesday, it's gonna be, we're gonna have high rates for a bit, folks, okay? And when I say a bit, you know, you're talking about three, four, five years. You know, what you will start seeing when we start talking housing, you're gonna see a lot of adjustable rate mortgages come in. That's what you're gonna do. And the, so the kicker, an adjustable rate mortgage, of course, goes like this is that most of them folks are just after five years, meaning you, like, right now, if you go for a 30-year mortgage, what's gonna happen is that it's gonna be six, six and a half percent, right? If you go for an adjustable, you know, more than likely it's gonna be a four and a half to kickoff, and then at five years, then it's adjustable at whatever level you're at, which is really a problem, but that's how they shake out. And I expect you're gonna probably get them. The reason that you will get them is that because when you actually do the numbers on the aspect of, okay, should I hang here, pay rent, or, you know, make a gun at that, it's a choice right now, I can tell you personally I would not make, that's for sure, because then you're playing with this type of fire five years from now that you could be, you could go from four and a half to 10. And then what also happens, watch what happens there too, that if that's where we are, your house is gonna be worth less than you thought it was, even though you got a deal on the house because the rates have gone up, you know? So we're, there's a lot of dynamics inside that bond market for sure. Dow, Dow is down 245, Nasdaq's off 86, S&Ps are off 36, they're 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. His weekly newsletter will give you specific recommendations for value tech stocks, as well as entry prices, target prices, and stops to set for each trade. 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That's a setup saying that guess what, this is gonna try to get a little bit higher. Now the divergence, no doubt is, this is what the man I'm telling you. Well, hey, that's what makes a market. We know it's never easy. The divergence is out of these cues. You know, the cues, at least, well, this is better that they just go in sideways actually. But, you know, I would've loved to see them test that 285.62. We got the 286.38 today. Yesterday you got the 286.04, but it's the 285.62 that would've been the number. Let me go look at the small caps for a second. Small caps, $176.91. That's good. So the small caps did it too. The small caps went to $176.71. You have 19 million shares. You're testing 41 million, you know? So that's saying that you get another bounce. And if that's what we get, folks, what you're gonna be watching is you're gonna be watching what would be the volume on the bounce. Because what ends up happening, the way that we're set up right now is that we know we have a confirmed ABC structure down in those cues, okay? When you take a look at the spy, if I take a look at the SPX, the bottom line is that right now you're at 3865. If you get back inside the 3886, well, that's gonna have a shot to consolidate. And we'll see how that shakes out. If you do go higher with light of volume, though, the bottom line is that that would be just setting up a ABC structure on the way down. That's how it kind of sets up. So a lot of action out here tomorrow. Well, not tomorrow. Well, we'll see what happens. I mean, it could be tomorrow morning, it could be all day. Always remember, folks, to back and claw your heart out, 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 safe night. Come back and visit Tommy tomorrow morning. Kick us off nine o'clock in the morning. Great show, folks. Yeah, look at him, folks.