 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 Alan Homasa. Hey Al, what's going on? Isn't it wonderful? This gentleman here with the Gold Report right before the market fell apart ended up with PAAS. We have a 98% gain in the year and I mean we want 99% proof like Irish Whiskey but we had a good gain there. You always told us to do what we feel comfortable with and if I lose a little bit of money on the table I will but I know that I just pocketed $8,000 or $9,000 for two weeks. That's a beautiful thing man. Now, Tom O'Brien. 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 so everyone's having a great day, safe day, it's making a great night folks. Don't make assumptions, let your life be transformed. When you stop making assumptions your word becomes impeccable and your life completely is transformed. Magic just happens in your life. It comes to you easily because the spirit moves freely through you. Oh yeah. Mug it wise, let's take a look at it out here. We have the Dow Industries down 116, NASDAQ up 39, S&P's off 4. Gold. Gold contract up $3 trading at $19.25 an ounce. We have Silver up 13 cents, $23.79 an ounce, Light Sweet Crew down 37 cents, $80.35 a barrel, notes and bonds. Ten year note. S&P's trading $109.04, 30 year up 14 ticks at $118.10 and $king dollar. $king dollar's up $269 ticks trading at $103.593, $563 rather. Euro at $108, yen at $145 and the British pound at $127 to $1 US dollar. iPhone numbers 877, 9276648, give us a call folks, want to know what's going on in your world and the world of the S&P's, let's take a look at them. What do you have? Well, it's trying to get off the lows folks and let me just show you this as we do this exercise every day, it's pretty cool man. The bottom line is that you'll see what's holding this up and we've tested it a few times and it's just deviant enough man. So what you have here is this, what's held it up is when we go back to yesterday and you know, yesterday when we went down it was the fall of the prior day where you had this sign of strength that held it up and what you had out here today is that we're dealing with 64,000 contracts, okay? So the market opened, went higher quick, gave it up in space, now watch what happened here. You're going into 64,000, that low of the 64,000 in the S&P futures was 43.92, okay? First time down, what do you have? We had 39,000 contracts and remember going against the 64, the 64 as we do want to remember. Second time down, 27. Now it certainly couldn't go up either but the bottom line is that when you get two tests like that, you know, that's telling me that the most deviant thing the market can do is make the bounce, you know, because the bottom line, if one's nervous, don't blame being nervous, bottom line is that and you know, I think we get a bounce going here, I suspect they're going to run it into the close. That is on the short term basis. The bigger basis goes like this, that we're probably setting up a very large B to C of an ABC structure down and if that's what we're doing, it's going to be a big one because the A point on this and the spy is that tie, which is the 439, the low, which is the 433, that's not that big I guess, no, no, yeah it is, 459, my God, I've got a glass appointment pretty soon folks, better, anyway, you get the gist of it, 459, 433, that's a big one, yeah, 26 points, right? So what have you, what you've done here, you know, bottom line, we're down with volume, yesterday we go higher with 68 million, we're 43 million now, now we'll do about 65 million probably, okay, but I suspect it looks to me like this thing can get up to this 446, now if you take the 446, watch what happens here, take the, and the reason I'm going to the 446, that's where the breakdown occurred, that was the first leg down, that's we have volume, we'll go sideways for five more days, then we flip down again, okay, and then if we take that and we go like this, and we say okay, that is a 50% retracement right on the button of the first leg down, so that's where I'm going with this whole deal, and I suspect what's going to happen is as we go higher, you're going to have the volume drop off, if that's what you get, more than likely you get a very large ABC structure down, and that'll basically set up the next leg lower, but Q's is set up also the same way, what we had yesterday, bottom line is that you had higher, you had the contraction, we did 50 million yesterday, after hitting the lows of 61, we'll probably do 50 million today, we're 34 right now, it's going to be a close call, same type of setup, you're going high, you have a contraction of volume, gold, now the gold contract, it looks to me like we've bought them, I was looking for the 1904, we hit 1913-20 I believe, and the reason I'm saying that is I'm going to bring you over to the dollar for a second, because we get a little, now gold certainly has not had a sign of strength yet, you need a sign of strength, we haven't had the sign of strength yet, we get a slow turn that's happening, but what we have had is this, let me put this up here so you can see this, on the contract itself, you can see last week we basically, last week, no, today's Tuesday, so Thursday we get out with 152,000 contracts, yesterday they tested that with 129, 130, okay, if we go into the GLD and that way we can see what it was actually going against, meaning the match signs of strength, it's dramatic, so if you take this up and you take a look at it, what you're going to see is that you're coming into 25 million shares, okay, and we committed that with 7 million, we tested that yesterday with 4 million, okay, now, we've seen this happen before in the gold market too, so if tested the lows were tremendously light of volume, what's our problem? Our problem, we don't have any buyers here, because I'd like to see a lot more than 4 million, yeah, you can make the case that okay, it went down to 175, 30, one today, like okay, are you testing again with light of volume, bottom line, we'll find out in the next couple of days, but my take is that this thing wants higher price, and this is why, so if we go over to the dollar, the dollar looks to me that what we're actually going to have happen here is that, you know, the man, Teddy Kagestad, he had done that workshop a week and a half ago, which you can still get on our website, folks, on Candlestar Charting, right? Well, the most deviant thing that could happen here is that if you take a look at this, I believe, yeah, there we go, is that the dollar is almost doing a lasting golfing, let's say it's a close call, okay? But if in fact, this would be a lasting golf, meaning that today you started lower, you got higher, right? And you're still dealing with this, the swing point, you know, from the 103, 543 area, and if we close lower tomorrow, that's telling me that the dollar wants to go lower, and then that'll open the whole deal up for a bounce and the broad market as well as the gold market. Concie's 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 Kagestad's Tiger Forex report. Teddy Kagestad 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. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, 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. 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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. Let's get over to our mammoth to Basil Chapman as we do each and every Tuesday. And don't forget, folks, Basil does an outstanding show here every trading day, 10 to 11 Eastern Standard Time. And coming up tomorrow, you can be a subscriber of Basil's and he's going to be doing an outstanding workshop for you. That's going to be subscriber workshop. It's going to go from 4 to 530 Eastern Standard Time. And it's very easy to be a subscriber, folks. Okay, the bottom line is that the opening call comes with a 30-day money-back guarantee. You can come over to our website at TFNN. You're going to see it right under featured content. The opening call, subscribe to our webinar. Bottom line, you hit that baby. You're going to subscribe. You'll get the opening call for 30 days for $149. You can get it for six months or $6.95. You can get it for a year for $11.95. If it works for you, awesome. If for some reason it doesn't, folks, you can cancel it on the 29th day. Guess what? You get a great newsletter. You have a great workshop with Basil tomorrow. And if you can't make it in person, folks, we have some great technology. You can go over and over on your page as many times you like. Basil Chapman, what's going on? Hi, John. How are you? I'm doing great, man, yourself? Very well. Thank you. Well, first, Basil, can we talk a little bit about what you're going to be teaching tomorrow so that the folks can get an idea about it? Then we can go over some of your charts. Is that cool? Absolutely. So there are a couple of things that are going on. I'll just get this right away. There it is. Right. So it's the power of the 914 exponential moving averages and other indicators in the Chapman Wave methodology. So I've been discussing with you just for weeks how I've used the 9 period exponential moving average to tell me that the Dow is starting to roll over the other indices that already started rolling over. Then the other indices first went to sell signals, waited and waited for the Dow to turn around and finally it did. So that was just one thing that I did live on the show all the time. I actually did some today during my show. And what it does is this, within the context of the different techniques that I've used, I've tried to simplify for this particular one just to go over and over a few of the techniques that have really worked well. So the one is this 9 period moving average over the 14. And what I had done, and I've shown this to you umpteen times, oops if I can get the right one, there it is, is I showed you this Dow chart with just these three lines. The gray line is the Dow price, closing price and the green line is the 9 period moving average. It's green when it goes above the 14 and that's pink when it does. You don't have to have the colors or anything you can have a dashed line or a thin line that crosses over the thick line. It's a very simple technique. They can just put it on your software. Every software package has it and you can use it. So I'll teach you how to use it and what the benefit is. So we waited and waited and I discussed these tops. I don't have to go through that now but what I was waiting for was a confirmation of any sell signal. But to get the sell signal you need other tools. So I used another, well I used two tools. One is, here's the Dow chart on the left, this is the day, this is the weekly, this is the monthly. And so I'll be teaching this. There's this one-to-one extension from a falling axe pattern. I don't want to go into that right now because I can do it on my show tomorrow at 10. But look at this one-to-one expansion from the Dow low of 25th of May to the high of the 16th of June then it pulls back to the mid-June low of 1536. And then look what happened. It goes in an almost an equal measure to the upside. The whole thing about it, it's got this parallel degree of angle. So what happens is this sort of set me up to say, hey now you can start looking for a sell signal. If you follow this blue line, look at this blue line the way it gave you this exact low right there, that exact low. And I was waiting to see if on the August the 1st my anticipation in a shorter timeframe was that we were about to make a turn. So we actually went short the Dow right at the high of August the 1st and look at this blue line, this on balance volume. This was to the exact day. Look at that reversal right there. Good old Joe Granville. That's Joe Granville. But he did live to see it put into software. But wow, he used to add up those, you know, 36,500,000 plus whatever, because it's a running total. And it means if the bar doesn't have to be a day, any bar, if it closes at the high, you add it to your running total. If it closes at the low, you subtract it. It's a really simple technique. But look, and most people say you cannot time the top, you cannot turn the bottom. This one got it exactly. So we use that as an indicator. Then the other thing is this, I'm going to teach how you can use the symmetry of the number of bars to the upside to the number of bars to the downside to get to an important level of support, or if it's a cup formation to a level of resistance. So these are very basic tools that I've used for a long time. Subscribers know exactly how we're using them. So I'm going to use it'll be in video, we'll be giving its earnings report after the bell tomorrow. So we'll be able to look at the S&P E-mini and do the one minute chart as if it was a daily chart. Just do the same thing after hours. But I'll also be doing fixed. I'll have charts that we're looking at. But I'll try to do that because if you can show it live and it works, for instance, we're always looking for a peak D in the chaplain wave methodology. And right here, I can show you in the... Yeah, it's pretty sweet that NVIDIA is going to be coming out the same time you're doing the workshop thousands. Exactly. And that's, I mean, I didn't know that at the time, but it's great because this is because we are short the estimations I'll talk about. So we're always looking for the fourth highest peak where you can get a serious pullback. Look at the five minute chart of the E-mini. This is live. Here's your peak D. That's the sharpest pullback we've had in a little while. So these are, I'm trying to make it as practical as possible, as simple as possible. When and how to use the 200-period moving average. The 200-period moving average is just sitting there. There are umpteen charts I actually showed during my showing when I sat in full Larry at one o'clock today, how they went to exactly the 200-period moving average. There's five minute chart that I was talking about here. Look at this. Five minute chart. Right at the five minutes it turns around. At the 200-period moving average it turns around. So these are very practical things. And for subscribers, I'll be going through different charts, what we have. As I say, let me just do this again. I'll show you that we are short the dowel. Whoops. And you've had quite a pullback in the dowel and it's still showing weakness. There's the dowel chart. We are short the SMHs. We're actually aggressively short. We've taken a little bit of that aggressive part off because we had really good profits in the SOXS. That's the three times short. We've got a core position from what would be just about the high right there. That's where we're short the SMHs, the semiconductor Van Eck ETF. All-time high was 161.17 on the 31st. Two days later before the opening, we went short and we're still short. And so we're looking at a very practical use of this whole thing, whether it's long. I have for subscribers, I like to have low-price stocks as well as any price that there is. But I also like to have the local instance. We have this EUC, which is uranium energy core. Now I like to look at, look, yes, the same practical thing. Look, yes, the nine-period moving average. Look how strong it is and look how the price just keeps coming down to the 14 and uses the 9 as a springboard to move higher. Now it's just about to bump into resistance. But look at this timing of the cup formation. This is I'm going to show the symmetry how the number of bars on the left side can match the number of bars on the right. And that says that by the 15th of September, 4.30 should be achieved in the EUC chart. So who's the stock at $4? It's very easy to get Basel's newsletter. Commends at workshop tomorrow. Come over to website at TFNN. You're going to see it right under featured content. You hit that button, subscribe. You're going to get a great newsletter. You're going to get a great workshop tomorrow afternoon as Nvidia comes out with earnings. You have to love it. Basel have a great one, safe one. We look forward to show you in the webinar tomorrow. Thank you very much. Thank you. Stay right there folks. We'll come right back. Are you ready to elevate your game in the stock market? On August 23rd, join Basel Chapman, the mastermind behind the renowned Chapman wave methodology in a subscriber exclusive 90-minute webinar. From 4 to 5.30 p.m. Eastern, dive deep into the secrets of the 9.14 moving average, decode market turns, and get a head start on the stock outlook for September and October. 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Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. I doubt. That industry is right now down 143 with the Nasdaq up 15. S&Ps are off 9. Let's get over to our man, Mr. Tim Ord, as we do every Tuesday and Thursday. And don't forget, folks, you can reach Tim every trading day at www.Ord-Oracle.com. That's www.Ord-Oracle.com. Tim Ord, what's going on, brother? Well, I sent you over some charts. I don't have time to go through all of them. We have time to go through all of them. This market's a trip, Tim. No doubt. Let's see what you got going here. All right, chart number one. The bottom window is a six three-day average of the trend. Yes. And it's current. And I marked it. Anyhow, that bottom, I got it marked kind of light pink on the bottom. It's in the pink. Yes, I can see that. Yep. Yeah, six three-day trend gets down around one or lower. Usually, it kind of means trouble for the market. Okay. And the red lines and pink areas are the times when that six three-day trend was below one. And we're still there. It hasn't really moved much. Even though the market's backed off, a trend a couple of days did get kind of high, but not enough high enough to really suggest we're near a low. This is like an intermediate term low. Okay. So I'm thinking we're going to kind of build some sort of a, I don't think a big decline in the making here, but we're not really ready to rally yet until we start getting more panic on what we've seen. So that's, I think we may be here for another month, you know, in this vicinity or a little bit lower. You're going to drive people crazy. I said, you're going to drive people crazy. I love it. Yeah. It's going to drive everybody crazy. You know, once our tanks are showing up, then we're going to start looking a little bit more bullish. So let's flip to chart two. Okay. So that was the chart one. That was a six three-day average of the trend. This takes it down to the bottom window is a five-day trend, and the next window up is a 10-day trend. And I marked the times with blue lines, the times when both of those got in bullish territory for the five-day trend and needs to get up close to 1.5. And for the 10-day trend needs to get up to around 1.2. And I took this chart back with three years or better. And you can take it back far as you want. The story is always the same. So we're not even near bullish levels on the five-day and 10-day. Both of them are close to one. One's a little bit less. So we need to really start seeing some panic. And panic forms when the trend gets above actually 1.2, you know, higher the better. Right. So let me just, I just want to reiterate what you're saying here. Because of between the first chart and the second chart, right, that is specifically saying that there hasn't been enough panic yet. So you might even not get a bounce. Would that be correct? Yeah. I thought I tried to actually get along here a few days or a week and a half ago. And we did have a couple of trend readings that were decent. I thought, okay, that's good for a bounce. Market didn't even bounce. Okay. And that's a good sign that you're going to need a lot more panic to get this market bounce even. Right. And even a couple of days ago last Friday, you know, I think that closing trend on that day was 0.77. Market did go up for one day. We're back down again a little bit today. But you're going to need a lot more, you know, people throwing in the towel type readings in the trend and the ticks on the clothes to really get a bounce going. You know, it's interesting the attempt is that this is a dangerous time of the year for this to happen too. It really is. You know what I mean? Well, you know, seasonality wise, you know, this is of all the quarters to be in. Yeah. The third quarter, which we're in right now is the worst quarter of the year. Right. No, that's my point that, I mean, I remember, you know, specifically, like if this is going to be a razor blade cut on the way down little by little, you drift, you drift, you drift, and then all of a sudden you get a couple of big downdrafts, you know, four or five weeks from now, then then it really, I mean, I remember one, we were on the air. My God, that's, and that's, that's when the big turnaround came. It was a razor blade cut for like six weeks in a row, man. Do you know what I mean? It's like just never stopped. So it's be interesting. Yeah. That could be here too, because right now, you know, you're not seeing any great signs of panic. You know, people are kind of buying the pullback, seems like, and, you know, they begin to bounce and nothing really happens and they start hitting new lows. Right. And folks, with that, what happened then? It's probably going to be, you know, I don't know exactly when the bomb's going to be, but, you know, a lot of times this September, maybe October, you know, August is almost over. So things could get really nasty in the next four or five weeks or whatever. No, I'm with you because last Friday when you just brought up the aspect of the trend being a 0.73, right? We shouldn't have got that because that's saying everyone's buying it again, right? Yeah, they were buying it, right? Exactly. They had a, you know, one in front of it and you may have got a decent bout, but that's 0.77 done, you know. Yeah, what that means folks, no, I mean, that's about as bullish as you can get, but it's bearish. Right. Exactly. Okay. Yeah. It's bearish, you know, right? If you ever do the statistics on the trend, I forgot what it was. I think it's up, uh, advancing issues divided by declining issues divided that by up volume divided by down volume. Right. And so you do all that rigmarone. You figure it out and basically what it says is you got, you really want volume going into the down stocks. That, that would, that what pushes the trend up. Yes. So it's, it's kind of a, you need to reach an oversold level. People get, get up and that transfers, I guess the dumb money selling to the smart money who will be buying or something. I don't know how that works. No, no, listen, I totally understand what you're saying. And folks, it's, it's one of these deals. So let's picture that we've come down, we've come down. And then all of a sudden it's like, Oh no, everyone's saying, Hey, I'm not scared. I'm going to go in there and buy, handle the fist. That's like, that wrecks the idea that you can come into a low. That's what, that's the bottom line. A 0.77 wrecks the idea that you're into a low. Yeah. I mean, that's pretty intense, man. Yeah. Right. Yeah, it's pretty intense. But we'll be talking sometime, you know, probably the next couple of three, four weeks, whatever it is, and people will be dead scared on your program and they, and they should be in along with us. Right. But that's the time you have to step in. When it's always been my kind of experiences, the ones that really have to grip my teeth to pull the trigger on are usually the best trades, the ones I'm halfway confident in. And I'm even on the, you know, usually the opposite side of everybody because I do panic type gears. And those are the ones that usually don't work out the best. Now, there's no doubt that, and yeah, it's, it's, this is the most deviant business in the world, man. It really is. It takes a while to figure out how this whole thing works. So we can, we got time to flip chart three. Yeah, we're going to, and then I'm going to keep you on the next segment anyway, but let's go. We'll flip the chart three. There we go. Okay. This is not about panic, but kind of major momentum. And this is the QQQ and the SPX were down four days in a row going into last Friday. Yes. The SPY was actually up on a Friday, barely. So it was only down three days. So I, that's the reason why I put the QQQ down four days in a row here. Okay. And when it's down four days in a row, that predicts the market will be lower 73% of the time within five days. Just hold that, hold that thought, hold that thought right there. Folks, you stay right there. Tim and I are coming right back. We have the Dow down 190, NASDAQ is off one, S&Ps are down 15 and a half. Tim and I are coming right back. And don't forget, folks, you can reach Tim every trading day at odd rd-oracle.com. Tim and I are coming 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. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. 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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 Tigresses for just $1 for the year. There's no cash 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 VistaGold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks to the Dow Industries down 196 Nazics 10 S&Ps down 17 and a half. We're talking with our man, Mr. Tim Wood, as we do every Tuesday and Thursday. Okay, Tim, I believe I'm still dealing with, we have the chart up of the cues still, okay? Yeah, chart of the cues. Anyhow, the QQQ and actually the SPX were down four days in a row going into last Friday. That predicts the market will be lower within five days, 73% of the time. So it's just kind of a statistic, this quantitative analysis. You take this back up while you can take it back as far as you want and that's what you're going to come up with. So that's going to be this Thursday and Friday, right? Yeah, that's a big number, 73%, man. Yeah. Yeah, you really don't want to, I guess if you're not, man, you really don't want to bet against it. But I circled or not circled, but I squared out the times over the last year. I see. Yes, I see that. Yeah. Yeah, the times that was down four days in a row and there's a time in May there, it didn't work. But you know, it was 73% of the time. So it did, it did it right. So but it did coming off the top, we were down four days in a row, then last Friday again, we're down four days in a row. So you get a bounce and you know, there's 73% chance you're going to move lower. You know, this next low could be important if we start seeing the trend to get kind of high. And if you look at today, you know, we hit over two today on the open, we're at 1.27. So a lot of times when that trend starts to stay high on a decline, a lot of times you'll see kind of that trend continue. So let me ask you this. So you do take in, you know, when you look at the trend now, you also use the opening one? Well, I kind of watched it all day long. I got a graph, you know, and it hit two and it kind of has been back and off since. But you know, this morning, the market was kind of rallying it up, that trend was kind of high, which is kind of unusual. No, no, I agree. I just know that years ago you never use the opening trend. That's all I'm asking specifically. Yeah, yeah, you don't. It's kind of a worthless, but it's something I watch, I guess. Do I trade off of it? Okay, that's cool. I just want to get it clear. Okay, yep. Yeah, the closing, what the whole market throughout the day, the closing trend kind of accumulates what has happened, you know. So when everybody begins basically throwing the towel and the high trend reading on the close kind of tells you that. You like that? Cool. Okay. Yeah, people are giving up, they're throwing it in the towel and says, you give me out of this market. And that's what you want to see. Right. The more that happens, the better it is on the bigger timeframes too. So are we heading for that type of a decline? We may, that's what I'm trying to say here. Yes. We've already got the trend kind of high. Right. And so we may be getting the throw in the towel type trend over the next several days. And so that could, you know, maybe leave for a balance. I'm not sure it'd be the final bottoms, but it could be for a decent balance. We'll have to wait and see. But as it says right now, there's no signal here. Okay. And we should, you know, break new lows for last Friday's low. So right. And maybe that's where people are going to start screaming. I don't know. But whenever they start screaming, that's where the low is going to start to form. Right. That's the beginning of the low. Exactly. Right. Right. Yeah. So in the coming days and weeks, you know, we should be able to pick out that low. Yeah. Nice. As it's happening. Right. So it'll be something to look forward to. That's for sure. So all right. Let's flip to actually flip to chart four. Okay. Just going to briefly do this one. You know, the bottom window is the 50 day average of the uptown volume. And the chart goes back 2012. And I listed the times in blue circles when this indicator fell below 20. And in every case, when it fell below 20, the decline was done. Either the market flipped sideways with most cases it did. Or there was a rally of some sort. But so anyhow, so what I'm trying to say is stop the decline to the downside. So now And folks right now, this is the case. You're in your car listening to your radio and not watching on TV. We're looking at the gold market right now. Go ahead, Tim. Sorry. I'm sorry. Yeah. Yeah. I'm sorry. That's right. It's a GDX uptown volume. Yep. The 50 day average. So every time I got below 20, going back 2012, the market most time flipped sideways. And so I listed the time on chart number five where we are. So I blew that chart up to show you how this indicator works. And it's pretty close what happened over the last over the last couple of years. Because it's pretty rare to get the GDX uptown volume with 50 day average below 20. It happens maybe once well happens once a year over the last three years. I say once in 21, once in 2022. And now we got in 2023. And the first time in 2021, the market flipped sideways for six months. If you notice where that blue line is, the market did go down a little bit before it flipped sideways. Yes. The same thing was 2022. It didn't get the exact bottom, but the market kind of gripped down sideways for a month or two, then flipped sideways. The exact same things happening here. Right. It picked the bottom, but if my opinion is flipping sideways, we're not having a steep decline in the beginning here. We're end of the probably decline. We're probably, my opinion, setting at the lows and either now we're start going sideways or we start going up. Previous signals of this type, the market base for at least one month. If not, if not six months, that'll definitely drive everyone crazy sideways now for including me. I says that'll definitely drive everyone crazy, including me. Yeah. But the signal came in 1st of July. So basically we've been moving sideways here for two months. Okay. So when does the rally start? Well, the rally starts. Yeah, I didn't, you know, the rally starts when this indicator closes above zero. Right. Exactly. I should have light and blue, light, blue that I didn't do. We can see it. I put my cursor on it right now. I can see it. Yeah. Yeah. So and we're right around minus seven or something or five minus five right now. So we need to close above zero. And that's when the impulse wave starts. So if you look at 2022 bottom, the bottom happened in, or the signal happened in July, it flipped sideways, looks like until about October. And finally, beginning of October, it rallied all the way into the first part of the year. So it rallied quite a long time. But, and if you look in 2021, you got a signal in, it looks like about August, maybe. And yeah, it's that moving higher in September. Yeah. And it came in at a big rally towards the first part of the 2022. All right. Anyhow, my point is as soon as that closes above zero is when that impulse rally starts. Could be a month away, could be a week away. We're in two months already. Could sideways movement go another four months, maybe. And that's how gold does move. Yeah, there's no doubt, man. Yeah. Well, listen, Tim, it's always a pleasure. And folks, don't forget to get to that. Hold a Tim, or D dash Oracle.com. Tim, you have a great one. Safe one. Of course, we look forward to speaking to you on Thursday. All right. Thank you. Thanks, man. Have a great one. Stay right there, folks. We have the down 195 Nasdaq's off four S&Ps down 15 and a half. We'll come right back. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, 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. 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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 Basil 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 in stock prices. Get the opening call newsletter by Basil 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. 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. TFNN.com and hit watch Tiger TV. Welcome back folks. Let's go to Ray and Sarasota. Ray, what's going on brother? Hey Tom, good to talk to you. I need your advice on Vista Gold. I have a position and I've owned it in the past and I've made money on it. Right now I'm in a little under 55 cents a share but we're getting close to new lows for the year. And I'm wondering if it's going to hold there and my second part of my question would be what's their cash position and are they going to have to issue more stock to raise capital and dilute the share value? Well, I can answer your second one first. They have cash and I don't expect that. That's why basically they're only one of the gold companies without debt and have cash. Now that being said, the low for the year raised 45 cents, the high 75. I happen to own it too. I've got to stop in at 42 right now so there's no doubt we're getting them. We get down to 45 today or 46 and a half right now and let's hope it holds here because hope's a bad word in the business. Okay, not hope. Because the next leg would be down to basically 27, 30, somewhere in that area. And as my son always says, it's like, okay, so and I'm glad you called because this could get us a turnaround, right? I'm serious because he'll say to me, hey, hold it, we can buy the whole company for 120 million because that would happen here folks. There's the float, right? You know, no, 55 million, everybody 120, 55 million. Okay, so it's like, okay, if you can buy a company of 55 million, why doesn't someone just come in and buy it? So we both have to keep that in mind. Now, the good news is that you've traded it before and you know how fast it can go up. If in fact, we have a low in the gold market, you know what I mean? But I don't see them diluting it. And also what's happening, the CEO hasn't sold anything, man. He just keeps buying them. When I say buying them, every time he gets options, he holds them. You know what I mean? So he's going to know the most and he doesn't let go of anything. And now he's one of the biggest holders. So that's the good news for all of us. Have a great one. Have a safe one. Don't forget about Basil's newsletter and workshop tomorrow folks.