 Welcome folks. This is Tom O'Brien a TFNN. We have five days a week. We go seven hours a day We go 24 hours a day in the internet at TFNN.com Always remember folks, whatever you think about you bring about whatever you focus on grows up Everyone's having a great day safe day. Let's make a great week folks to begin a great relationship. Know what you want Know what the needs of your body are and what the needs of your mind are and what fits well with you There are millions of men and women some of them make a good match for you and others won't the two of you only need to be like I'm cool tealock a match that works My advice, let's take a look at it out here. We have the now industrials down 76 Nasdaq's off 56 S&P's down 14 gold contract trading up Two dollars 70 cents at 1706 an ounce. We have silver up 17 cents 18 dollars 67 cents an ounce lights recruit up five bucks 102 48 notes and bonds the 10-year note down six ticks trading one 1814 the 30 year down 28 at 139 05 and King dollar King dollars down 733 ticks trade at 107 330 You're always 101 yen is that one 38 British pounders at 119 to one US dollar Have phone numbers eight seven seven nine two seven six six four eight It was call folks. I know what's going on in your world the world of the S&P's Let's take a look at them. What do you have you have the spy got up to 389 you tried trading a 383 couldn't hold price This is though how you make actually a longer term bottoms folks So this is going to be really intriguing my take is that we're going to get a heck of a bounce The reason I'm saying that is that you know first off we you know, we kick this baby off. We we get on hard on The 17th of June we went straight down from the you know, March 29th. We come back down again Tested rejected come back down again tested rejected back down again tested rejected that's saying a market wants higher price This in particular today is really cool. It was really deviant I mean and the cool part about it folks is that this is what normally markets will do when they want to go higher and The deviant part about it is it's very unusual when you can have Europe hold price And we don't have hold price Europe is in a lot more situation. We are folks So I kind of like the setup. I actually do like the setup because of all those deviations that are inside it Gold gold contract once again sold off as it got up to these 17 22 area We holding out up to box 143,000 contract You're gonna need a lot more contract volume than that and it's gonna take us some real strength to get back inside this 1730 area now that being said The dollar and this is the one to keep your eye on folks. Okay, the real question is gonna be How much further will the dollar go lower or is this like a one-day window? You know what I mean that it pulls back 727 ticks We'll see, you know the top of the strength You know the dollar the dollars had quite a bit of strength period, but on the 5th of July That's when the the dollar went up by 1700 ticks Okay, well the top of that is the 106 792 and this held that today It actually didn't even get to that point. It's it could trade it changed at 106 892 Not that it went up a lot, but bottom line It was it was enough that the market itself was saying okay You're gonna go back up on me because you go back up me man I'm gonna sell this market off as quick as I can and you're gonna see the correlation is direct the low of the dollar was Established at 11 o'clock this morning It's been trying to go up since then and each time to that each tick that that dollar goes higher the bottom line Markets go lower and the story Some of the high volume equities out here. What do we have? We got advanced micro right now up 58 cents Apple's down to 60 getting video up three bucks. We have Tesla up $6 Freeport Mac brands up a buck 84 Let's go look at the carpet contract because this carpet contract you talk about having you know Some real volatility man. This thing is like wild so up seven and a half pennies out here today It's been a straight line move down, you know for the last month from 458 a pound Hit a low on Friday at 313 a pound I will see you get some track to traction here Let's possibly get some traction. This is the first day up. Let's get over to the oil contract We take a look at the oil contract oil contract trading up 473 you're at 102 132 71,000 contracts. That's not a lot of contract volume. That's for sure get the price going with it Now one oh Yeah, this is good. It actually gets guys getting by ice man one one oh one fifty-three is ice So that's saying that this thing can you know get up there into the 111 it's gonna be really hard. It's digging into that monster bar That's when we we had come down $14 in one day that we came down from the 111 to the 97 area We'll see how that's gonna basically shake out. Let's go take a look at the Amazon the king dog out here and see what that's doing after You had the Prime day so Amazon start pushing with some volume Friday giving up today 11690 it went to 117 23. Oh, this is cool. Okay, so you're at 45 million chairs versus 57 million That's not that bad We'll end up doing probably around 50 million out here today and that's gonna be enough to bust the swing point We know we get over the swing point today hasn't held price But that's gonna be enough to get over it and if we go to the SMH is what you're gonna see folks You've heard me say this many times the SMH just drive you up drive you down Drive you all over the place bottom line the SMH is today got to a higher high now The difference is the SMH is gonna have volume in it the swing point There's 4.47 million we're at 3.4. This is still gonna be building a little more cars on Friday We did the 3.8 today or it's 3.4 and we need Maybe like 4 4 no 4.4, so you know we're not gonna get that in an hour But we're gonna probably get a 3.8 or something which isn't bad because the first day That only had a 2.7, but then it came down to 4.4 So in that context you want something like in a 4.2 Somewhere around there, so it's eating some of that supply line. That's out there Now down industrials right now trading down a hundred we get the Nasdaq off 59 S&Ps are off 17 and a half. We have gold out here at 1706 silver at 1865 You stay right there folks to become back with our mammoth to Steve Rhodes come right back