 Oh, welcome folks, this is Tom O'Brien of TFNN, we go five days a week, we go 10 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 growth, hope everyone's having a great day, safe day, it's making a great night folks, don't take anything personally, your truth is personal to you, your own opinions and point of view reflect your own agreements and our personal to you, it's no one's truth but your own. Not gonna lie, let's take a look at it out here, we had the Dow Industrial's finished down 162, you had the NASDAQ off 45, S&P's off 24, you know, not bad numbers folks, you know, in the context of what we're talking about, those indices are only about down about a half a percent, you had the Dow down six tenths, the S&P down six tenths, NASDAQ down five tenths, that being said, however, with that when you do look at from the highs to the lows, now you get some action, S&P out here, the futures, the futures went from 2961 to 2924, so you can see from the highs to the lows, that's some big action, no doubt about it, we're gonna take a look at the NDX 100, same type of setup inside the NDX, NDX had a high out here today of a 7851, and you got a low out here of 7751, 100 points, yeah, oh man that's a hit, that is intense, okay, so let me pull this back again, yeah, 100 points, and what you have now at this high too, if you happen to be into candlestick charting, that's quite a, that's a little bearish engulfing, what a bearish engulfing is, is that you start at the high, you close at the low, you know, you're taking out about, in this particular case, we're taking out six to seven days of trading, small caps, what do we do with the small caps, small caps continue being weak, small caps down to buck 50, trading 156, 76, the XLE also basically gave it up, XLE down to dollar 32, you did 20 million shares, yeah, you get ABC down, oh man, watch this, they put some volume in this at the end, let me see this volume, yep, there it is, so you can see at the end of the day, that's would be the 1600 hours, which is a four o'clock, 1.7,949,000, another 60,000, they did it, they broke, they broke that swing and they broke it with volume, so that's saying the XLE next stop down to a 6330, and this is not a big ABC down, it was 68, 65, three bucks, that gives you a 6385, that swing that's going after is 6330, I expect we're going to get down there, Exxon Mobil, we take a look at Exxon, Exxon probably gave it up to, yeah, Exxon's one of the, that was, Exxon's probably the culprit, down to buck 61, Chevron didn't handle price too well also, Chevron, they popped yesterday, today down to 225, gold contract, okay, so we have the gold contract, gold contract, power comes out, first move in gold goes top side, second move in gold goes downtown, what we have out here, you close, end up closing down 840, you've done 260,000 contracts and not a bad setup, still hasn't broken any swing lows, you actually did push into the last swing high with volume 268 versus 279, notes and bonds, you get the 10-year note, 30-year bond, they both continue to want higher price, pretty amazing, it's not amazing in the context of the, when Powell was speaking folks, the bottom line is that the market in general does not expect, out to January of 2020, no rate hikes, and if we take a look at the aspect of the rate cuts, it does come in with over a 50%, even with the context that Powell was saying there's not good one way or the other, but what you have here is that you can see, if you happen to watch from my screen, in December it goes over 55%, well it goes over 50%, it's 55% for rate cut, rate hikes, they're just not in there, so what's surprising is that the market itself looks like, I guess, the market itself wants some more rate cuts, if we go take a look at that E-mini S&P before they close at 415, you're going to see that it went right after the lows of yesterday, broke the lows of yesterday, this looks to me, now you're going to get a structure that you really can get some action on the way down, I wouldn't be too surprised if this S&P gaps down to about the 2900 in the morning, which would be about a gap, well it wouldn't be a gap in the S&P, we end up having trading down to that level, if we wake up in the morning, we're down to that level, because you're getting a lot of, well let's put it this way, you had Apple come out with numbers that market liked, Apple ended up closing up $9.85 was up as high as $12, right, it was saving the Dow industrials and saving the S&P in general until the Fed announcement, that's how this thing shook out, once that was done, guess what, there was just the market was saying okay, I'm going to sell into this, let's go take a look at Square, Square closed at $73.62, that is trading right now at $69.28, let's see what they have to say money wise, their revenue, they expected, the expectation was $556 million, that's first quarter, one second, okay the earnings per share, they expected $0.08, they made $11, so they made it there, revenue they expected $479 million, they made $489, that's your first quarter, second quarter, yeah, here it is, okay so this is going to be a second quarter going forward that they're missing their numbers, they made their numbers, first quarter was there announcing, second quarter they're guiding down, second quarter the estimate had been $556 million on a revenue basis, now they're saying $545 to $555, so the top end is still underneath their estimate, their earnings had been $0.18, now they're looking from $14 to $16, their payment volume is expanding by 27%, so bottom line, that's a decent expansion of volume, there's no doubt about that, Qualcomm, let's go take a look at Qualcomm, Qualcomm come out with numbers, Qualcomm has been a rocket ship by the way, Qualcomm closed at $86, trading $82.92, but this stock here went up $35, I think in the last two weeks, yeah, we're up from like $57 to $81 even backing down the $5 when they just came out, stay right there folks, come right back.