 Welcome, folks. This is Tom O'Brien of TFNN. We have five days a week. We go seven and a half hours a day We go 24 hours a day on the internet at TFNN.com Always remember folks, whatever you think about you bring about whatever you focus on grows Hope everyone's having a great day safe day. It's a TGIF, folks Let's make it a great one and the market's a closed Monday, which is for all of us in the market. It's a beautiful thing Be impeccable with your word manifest your true intentions Regardless of what language you speak your intent will may be manifested through the word what you dream what you feel and what you really I'll be manifested to what you say each and every day Market wise. Let's take a look at it out here. We have the Dow industries down 89 Nasdaq is flat S&Ps off five and a half gold contract up six dollars and 80 cents trade in a 15 85 an ounce silver silver up 9 cents 17 dollars 71 cents an ounce light sweet crude up 61 cents 52 dollars three sets a barrel notes and bones you get the 10 year up seven ticks trade in 131 30 year up 17 ticks at 162 13 and King dollar King dollar up 57 ticks trade in 99 125 The euro is at 108 the pound is at 130 and the yen is at 109 point seven seven to one the US dollar iPhone numbers 877 9276 648 give us call folks one that's going on in your world and the world of the S&Ps Let's take a look at it. What do you have? We have another day. We have another week We have another all-time high inside the spy out here today what we did Actually, let's see the high yesterday was that 338 12 we got the 337 73, but I believe the cash actually went to a new high No, it didn't so just missed the new high So the high at thus far was going to be yesterday if we put this on a weekly basis what you're going to see out here as That the bottom line is that you're getting away from the breakout area in the in the cash S&P In the S&P in general the breakout area. There is a 33 37 right now We're 33 71 and the X 100 which continues to be the leader out here We take a look at the cues cues made of high today of a 234 86 That the high yesterday was 234 93 so There's no doubt that just about made it you can see if you happen to be watching Tiger TV You can see how this volume is contracting in a dramatic way What we did on Tuesday and the cues you did 30 million shares Wednesday It did 24 million Thursday it did 22 million and we'll see whether you can even get to 20 million today or it's 16 million So what what you do have as the bottom line is that you continue to push higher the volume continues to contract You know, I just put this on a Weekly and you can see on a weekly, you know, we had gone down slightly the that two weeks ago With 189 million we went up last week with 143 in this week. We're going to have about 120 and NVIDIA and VDA which is one of the ones that said wrote pushing the Ndx 100 higher today. This is a classic You know, if we were listening to the program yesterday, you're going to see was a confirmed ABC structure in the way up Bottom line is that we were talking about this last couple days Actually, it had taken the B point out of an ABC structure on the way up on Monday You got over the B point had the volume now your price projection on this which was so cool was $292 we up 19 bucks today or $294 now watch this. This is what's going to be intriguing here So if we put this on a weekly first what you're going to see is that you're coming into an over-the-high the high the last the all-time high Is 292 76 so in the weekly basis that had 53 million shares and you got to remember what we did and NVIDIA it was like a disaster this thing went from $292 straight down to 128 literally Three months later. Okay, so on the weekly basis, what are you doing? Well, you're coming up with tremendously higher higher volume 53 million was the number there. We're doing 74. So the bottom line don't even think this is Equity that is pushing into its highs with tremendously higher volume now in the monthly it's going to be a different animal So at the end of this month, we're going to be looking at okay Where is NVIDIA the reason being is that on a monthly basis? You're talking about 324 million and even with this acceleration up that we have This week you're only at 103. So that's telling me the most you're probably going to do is 200 million So the real kicker is going to be at the end of this month Can you and do you close over 292 because if you don't close over 292 you and your volume continues to basically drop off You're going to be in a consolidation, which it totally makes sense by the way Why because this was a one-way run which NVIDIA loves to do from a price point of $132 You know seven months ago hundred that we went from 132 took it all back to 294 And this is a hundred percent move of a move when you do a hundred percent move over move Meaning that you've gone down so many points you go all the way back up most of the time That is the end of that particular move It has to do something other than not to build more cause to get up and over that level If we go over to the NQ's the NDX in general and we take a look at that and the X what you're going to see as The move is out there. You got X B there at 11 and a half percent That's quite a move to and video is up six and a half percent You got a luminar up 2.8 percent and you got eBay up 2.5 percent The SMH is so let's take a look at the SMH is because the SMH is no doubt That's what drives the NBX 100 as well as driving the NASDAQ composite We have with the NBX 100 on a weekly basis. We got to a price point this week got over the highs We got to a price point of 150 to 62 a last high out here was 150 Bottom line on the weekly basis though you are over that and you have volume over that So let's say and that will get tested one more time on the monthly basis That's going to be the same setup that we're going to want to be looking at why because this monthly volume has been Contracting and a huge way when we do look at that SMH, you know, but thus far the bottom line It got into it on a weekly basis has some volume as we got into that area Some of the other higher volume stocks in this market out here today You got Ruku that came out with numbers last night. That's trading down eight dollars at 130 You get smile directors getting whacked That's down 250 at 12 dollars and 80 cents that stocks in big big trouble lift is down two bucks Inside the Dow industrials the strength versus the weakness inside the Dow industrials out here We have visa is the leader out here today. That's up 1% Putting 15 positive points home depots putting 10 American Express is putting seven taken away from it IBM negative 29 United Health negative 29 Boeing negative 22 Stay right there folks. We're gonna be coming back with our man. Mr. Bud Springs Bud is in the mortgage business. We're gonna be talking mortgages. We're gonna be talking of course Percentages, what's the 10 you're doing? What's the 30 you're doing? What can you get a mortgage for right now? What should you be getting prepared for if you are buying a house? We'll come right back