 Welcome folks. This is Tom O'Brien of TFNN. We go 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 Safety make it a great night folks in a great week Don't make assumptions ask for what you want find the courage to ask for what you want others have the right to Tell you yes or no, but you always have the right to ask likewise Everyone has the right to ask you for what they want and you have the right to say yes or no Let's take a look at it out here We have the now industrials down 12 Nasdaq of 29 S&P's flat bottom line indices are at flat markets folks at highs gold contract gold contract up 8 dollars and 90 cents traded 1492 an ounce you get silver up two cents 17 dollars 59 cents an ounce light sweet crew down 76 cents $56.47 a barrel. We had a bill today of over 7 million barrels folks plenty of oil out there notes and bonds You get the 10-year note up 12 6 trade in 120 9 0 9 30 year up a full point at 158 30 in King dollar King dollar down 39 ticks trade in 97 944 the euro is at 110 the yen is at 108.92 and the pound is at 128 to 1 US dollar iPhone numbers 877 9 2 7 6 6 4 8 Here's call folks. Well, no, 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, we've been up here for three days Well, I've been up here a lot longer than that, but three days you had a tight Spread between the highs and a low if we go back to Monday here went from 306 to 308 That's your all-time high inside the spy yesterday what we did out here You went from 307 to 206 to 307 and today you're doing the same thing 306 to 307 Contraction of volume each and every day and the X 100 same type of setup inside the end the X And the X did make a new all-time high yesterday though. It was the difference And the X we go pack look at Monday. You had the spread of 198 to 200. That was an all-time high We had 255 yesterday new all-time high today That was 15 million shares you got 14 million today You've got down to a price point of 198 78 and you know, you've actually rejected lower price here So that high could be gained once again of the 255 small caps We take a look at the small caps you get a divergence inside the small caps now The small caps have been the weakest in to see and we're talking about July of 2018 Which was the high yesterday what they did? They got up to the last swing high out here from July, which is 159 23 Got over it failed on price and volume. We got to a price point yesterday of 166 that was over the high of 159 23 you did volume out here of 13 million Versus 40 you closed underneath it bottom line small caps pulling back slightly 79 cents 158 36 the small caps are gonna need more volume as they try to move into a lower price bottom line Is that what you do have out here today is that now you are also getting under the swing point of September 13th So what that does set up is that that sets up lower prices gold contract What do we have with gold? They took a hit at gold as well as silver yesterday that being said bottom line It didn't get to the lowest swing point Gold right now is up 8,060 cents The gold they'd come down yesterday big volume 594,000 contracts Excuse me folks. The low was for $1,480 what that was doing that was going into its strength going all the way back to them August 7th 1484 was the beginning of that. That's where we ejected bottom line with top side gold is still in the higher range It still wants higher price pretty amazing actually as As does silver that silver and good. I mean as does silver does too, but as does the bond the note bond market We take a look at the silver market out here si z The December silver contract right now the silver contracts trading out at $17 and 59 cents We got down to 1736 today and you get a rejection of lower price and you're gonna have lighter volume This is pretty amazing actually the amazing part about it folks is that it never made the lowest swing also Silver came down yesterday on 142,000 contracts. We got it to these $17 and 52 cents. Well, your swing point is seven is 1694 just didn't didn't did not only just didn't get there Was pretty far away from it oil oil out here today plenty of Oil in our markets now the oil is fighting about the swing point though a bottom line. Oh look at it gave it up Okay, cool. Okay, so Yeah, 5692 Okay, so I gave it up once again. This is the swing point out there from the 28th of October bottom line gave it up. That's the end once again This baby wants to make a run down into the lower end of this consolidation Which is $50 and 89 cents and if we go take a look at King dollar what you do have with King dollar King dollars laying right under its last swing high and this is where the King dollar did it fail Bottom line, you know King dollar is down from its highs of 99 667 that was generated out here on October 1st, and we you know basically sold off from that point Bottom line, you know, then he had the counter trend bounce gave it up at 9804 Pretty wild now check this out. This is quite a story here folks. Okay, so you get you know We know how many buybacks have been happening inside the marketplace, right this story here bottom line You know says says it all about buybacks As well as Activision ATV I think right, okay, so let me pull up Activision here. This is pretty cool so February of 2017 folks check it out, you know the company behind Candy Crush to call a duty Signal optimism in its future and announced a billion dollar buyback. So let me first get I'm gonna get this February of 2017 up so we can see this in the chart and Okay, here we are right here Yeah, there we go. So we went from a price point of $63 at the beginning of February and Up to 74 so they announced a buyback the stock is up $10. Okay billion dollar buyback by the way And investors that responded by of course buying the stock But guess what folks as they were buying the stock right the insiders was selling the stock, okay? On February 10th the day the company announced the buyback plan the CEO sold four million shares for 180 million That average price was 15% higher than it was a few hours before that. Okay by February 17 five top officials sold 130 million okay What the stock end up doing going to end up going to 84 and then that's a party one there. Yeah folks come right back