 is a presentation of TFNN. 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. Hey, Robert, how you doing, man? Yes, good, thank you for taking my call. I wanted to let you know that I've been a subscriber for a couple of years, just different members of your team, and I really enjoy it. Really the reason I'm calling is to express my sincerest gratitude for you providing that information yesterday on a small business grant. I'm a small business owner, primary breadwinner for my family, and if I can get that money, it's gonna really lead a lot to my family, so. That's awesome. Thank you for taking the time to do that. No, listen, man, we appreciate you growling and prowling with us. Now, Tom O'Brien. Oh, welcome, folks. This is Tom O'Brien, our 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. Hope everyone's having a great day, safe day. It's making a great week, folks. Create new agreements based on respect and love. Take the responsibility to make new agreements with those you love. If an agreement doesn't work, change the agreement and create a new one. Use your imagination to explore all the possibilities. Make it a wise. Let's take a look at it out here. We have the Dow Industries down 75. Nasdaq's off 124. S&Ps off 18. Gold contract trading down $11.90 at 17.33 an ounce. We got Silver down 32 cents, $18.29 an ounce. Light sweet crude up a buck, $98.96.63 a barrel. Notes and bonds, a 10-year note. Down seven ticks trading at a price point of $1.1921, and a 30-year off 20 at $1.41 and $1.14 in KingDollar. KingDollar's down 250 ticks trading $106.480. The euro is out here at a price point of $102. The yen is at $136 and the British pound is at $120 to one US dollar. iPhone numbers 877, 9276648. Give us a call, folks. One note's going on in your world. Let's go to the world of our man, Mr. Dave Mazda. Dave is the head of product and a managing director at Direction and as you come over to our website at TFNN, all you have to do is hit that Direction button, get over there and you can see the lineup of ETFs, leveraged and single equities that you can trade each and every day. Dave Mazda, what's going on? Hey, happy to be back. What's happening? It's great seeing you, man. And you know what I'd like to talk about today? So this is pretty, you know, it seems that the leveraged business in general and the ETF is accelerating quite a bit, Dave. And so what I'd love you to do is talk a little bit about, and I talk a lot about this, but this is what has happened in the past two weeks, which is pretty wild. You know, folks, what has happened is that you got, you got plenty of folks like me that have been in the market a long time, but we have a whole new crew that's coming up and what's happened, Dave, this is really intriguing, man. You know, the last oil run, right? Well, it seems like a lot of, you know, I'll listen to this, okay, they really did well with the gush, right? Now, what happened, which is really intriguing though, is that I've been getting some calls and you know, like anything else, when you start something new and you make a lot of money and then it was one of those deals that a couple of calls really didn't understand that we reset every day. That's the bottom line. And I really realized, this is okay, this is, you know, this is almost like we first started. You know what I'm saying? That everyone gets acclimated to it, but there's so many new traders, because these traders that were actually caught on were only like 24, 25 years old. So I was explaining to them, but can we go through that a little, because I think this, I know it, because I'm getting, I got it, when I get three or four calls in 10 days like that, do you know what I'm saying? It's like, okay, you did really well, no doubt, do you know what I mean? But you know, they got to understand that each one of these doubles and triples reset every day, and what, because what happened is that one of them calls it, oh, this is a no-braining, you're just gonna buy this because it's gonna go high as a no-no. If you get a sideways market, the bottom line, you really want to understand how these work. So can you just go through that a little for them? Yeah, you're absolutely right. So I think it's worth taking a step back because we have seen, to your point, a huge increase of new traders entering the space, trading, and looking at leverage and inverse ETFs. And I can tell you, the reason for that is in times of market volatility, folks are looking for opportunities and leverage and inverse ETFs can do that for you. However, that opportunity can come with some, I'd say, personal responsibility, and that is to understand how the products work. And I know as you emphasize when you're getting these callings, these are daily vehicles. And what I mean by that is that every day, we are delevering or re-levering the fund to meet that exposure. And so, for example, these cannot be used over the long term. Now, there's always a case someone has helped something and they were right and crudos to them, but there's also examples of folks who bought the bear fund and not the bull fund and they lost the gift amount of capital. So, the way I think about this is if you don't have the ability or interest to monitor your position in a leverage and inverse ETF daily, these aren't for you. Now, if you do, you can make that buy, sell, or hold decision daily, right? Maybe you did buy it and your thesis still works, keep the position. But maybe you bought it and something has changed or it better yet, particularly with the way folks trade, a lot of folks trade leverage and inverse ETFs on the technicals, then you might have to sell it, right? So, the reason that's the case is because, again, the return that two times or three times return is only on a given day. So if you look, particularly in periods of market volatility, when we are buying and selling, you're getting negative compounding. It's not, you know, if you look back to a year where you have pretty low volatility in the markets, interesting enough, two times or three times leverage fund might actually outperform its theoretical return because it was just trending. This market is not a trending market, right? So you should be, you have to make those decisions on a daily basis if you're gonna be involved in these products. I appreciate it because it seemed that the few that they were talking, they all hit the oil market. So it was one of those deals, you know what I mean? Like, hey, this is pretty cool, right? It was a one-way trip on the way down and now it's bouncing back and forth and I was explaining to them that, okay, but that's not the same because if you're in a consolidation, you gotta remember, just as you said, it resets everyday folks, okay? And there's a lot of different things you can do with them. You can trade them just to make money. You can have, you know, like a couple of the calls, they had Exxon, they had Chevron on once, they just wanted to cover it and get Delta neutral, okay? Which is easy, not, yeah, it's pretty easy in that sector because Exxon Mobile and Chevron folks like 46% of one of those, you know, in the XLE, basically, so yeah, really cool, man. And you know, the aspect, it seems, Dave, that when we have this volatility too, people that have already been used to them, this, they're not only staying there, I mean, they're opening up basically, not a full portfolio, but they're basically, they really understand now if they're trying to protect some of their portfolio to just throw something else on for the day, like a bad day, do you know what I'm saying? It's like, okay, just put it on the morning and take it off in the afternoon, man, do you know? Correct, yeah, and that's a great way to think about using these products. Yeah, well listen, thank you so much, appreciate the education, I look forward to speaking to you two weeks from today, Dave. Thank you, we'll talk soon. Awesome, thanks, man. Bye. Stay right there, folks, we'll come right back. With booming inflation, we are purchasing powers eroded, there's no better place to protect your hard-earned money than in gold. This, the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in the T1 mining district. This is a large scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This, the gold just completed the Monk Todd Feasibility Study, which resulted in a seven million ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational, as well as environmental permits. This distinguishes Monk Todd as an attractive, devious party, ready development stage gold project. This, the gold trades on the New York Stock Exchange and the symbol VGZ. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years, a frequent contributor to TD Ameritrade Network and CNBC. Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open. To give you the competitive informational edge you need to succeed, these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today, and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, 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 Pezzavento 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, at TFNN.com, educating investors. Toll free at 1-877-927-6648, internationally at 727-873-7618. Welcome back folks to Dow. Dow Industries right now, down 60, we hit the Mazik of 122, S&P's are off 16 and a half. Let's get over to our mammoths to Steve Rhodes as we do each and every Monday at 20 past the hour. And don't forget folks, we see that as an outstanding show here. Every trading day, one to two Eastern standard time, also has a great newsletter, a mastering probability. Now, it's very easy to get Steve's newsletter. Come over to our website at TFNN, you're gonna hit newsletters, you'll see on the right-hand side top and the bottom line is that you can get Steve's newsletter for one month for $149. You can get it for six months for $695, which is the savings of $199 at 26%. And you can get it for one year for $1195, which is the savings of $593.33%. Now folks, they all come with a 30-day money-back guarantee and they come with a huge amount of information. And the bottom line, Steve did a little, well, not a little, a nice article over the weekend. That is phenomenal, no doubt about that. Let's go see what he's talking about. Steve Rhodes, what's going on? Well, summer is certainly ripping by. It is. I just looked at my calendar and I realized that the kids down here in Florida go back to school in two weeks. I know, man, that's crazy, right? Yeah. But I'm digging it because October's coming and so for us folks, October is the break. September is the worst month. That's true, it's been pretty hot here in July, although it's not too bad on the beach. You get the breeze and it kind of cools you down. But you're right, I did, by the way, I did send out all the TFNN subscribers. Should receive a link for this report. Just kind of go through it today. That'd be great, because it's a great report, man. Oh, thank you, thank you, Tom, I appreciate that. And Friday was really a big day and it was a big day because we actually got two different kind of signals. We got a short-term topping signal and we got an intermediate term long signal out there. So let me explain what we've got. This, the short-term bear signals came from the NDX100, the Russell 2000, as well as the Semiconductor Index. And each of them, and I show this here on these charts here, so I show those three. And what I'm doing to show each of these three is I'm using the ETF. So that way everybody at home can do the same thing. They can follow along. So on the left-hand side, we've got the Qs and we can see the A to B equals CD pattern. Now, the Qs got above the one to one A to B equals CD. For me, the way that I like to confirm these patterns, in other words, that they be their top or bottom, here we take a look at tops, are when we get a bearish reversal candle. And that's what we got inside the Qs on Friday, which was on a daily base, which was a bear sash candle. Now here, this shows, what I do realize is that since I've actually posted these charts, I've gotten some new profile levels inside of the Qs, but we're not gonna go there right now. If we take a look at the Russell 2000, the IWM, it made the one to one. In fact, it got just slightly above that on both Thursday and Friday, but Friday was a bearish engulfing candle. And so that's a just a retracement. And then we've got the SMHs on the right-hand side. Now that made the one to 1.618 A to B equals CD pattern. Tell my carry call, and maybe I've misstated this a few times, but in your book, The Art of Timing the Trade is that the one to 1.618 are the one to two A to B equals CD. It's the one to 1.618. And what happens when you normally get that, that's a change of trend. And when you normally get that, sometimes it wax to two, but if it goes to two, it stays there a day and then you're off to the races no matter which way it goes. That's what it seems, you know, it's very unusual at one to two, yeah. Perfect, because here's a perfect example of what you wrote in your book after all those years of study. And here we can take a look at a daily timeframe chart for the semiconductor index, and it made the one to 1.618 A to B equals CD price projection area, which was in the 231 range. And then we got that bear sash candle. Now, the semiconductor index could take a big move to the downside. And what I mean by that is that there's a bearish structured profile that is formed. And they close today below 225.59, which suggests that price could pull all the way back to support. And this is just one support level that we're looking at, which is the bottom of this new profile, which is at 205.94. Now, I won't be able to confirm this profile until tomorrow, because I'm using an advanced tool here that identifies these profiles as they're beginning to form. So if people turn into the radio show tomorrow, we'll go ahead and confirm the semiconductor. So we got three that formed from a daily standpoint, what I'll call the short-term timeframe, topping signals. The end view also generated that A to B equals CD pattern. And in this case here, oftentimes referred to it as a Gertley cell pattern. Now, it also has new profiles that are attempting to form. And again, I'll confirm these tomorrow during the radio show. But right now the top of that profile is 12.579. The bottom is sitting at 12.104. What I think is that price will pull back to that 12.104 level. And if that holds, that's the next by the dip point in this move as we continue to move higher out here, whereas the markets continue to move higher. If we take a look at the end, and when I say that folks is because now we'll get to the intermediate term signal. And this intermediate term signal came from the Dow, so the weekly chart for the Dow. And what it did was this little green squiggly, green red squiggly line is what's referred to as an oscillator and change line. And what I want folks to take a look at is throughout 2022, price has been below this level. It's been tested intra-week several times, but each time it fails and it closes back below that and shows how that has been a key level of resistance. Well, on Friday, we got to close above that level. That level folks is 31,630. Now, if we get a second consecutive close this week above that level, that's going to confirm that pattern or confirm a change in trend pattern. A little similar to Tom's, one to 1.618A to B equals CD. So because we haven't closed above this in 2022, it's sending us a signal that there's a change in trend that is attempting to form. I like to use two consecutive bars, Tom, either above resistance or below support to give us that confirmation. So folks should watch the 31,630 area within a few dollars, up or down. This is the weekly chart for the Dow and it shows that we have consecutive, this weekly chart shows us that the bounces that we've had, the counter trend rallies that we've had in the market have lasted for two consecutive bars. What I mean by that is where one bar closes above the prior close. So here we take a look at, and I believe that this week or last week was week number one. We should see a higher close come the end of the week. And bear market rallies tend to complete in two to three bars. And that's really important to understand. Here during the 2007, 2009 bear market folks, you'll see where these black arrows, you'll see all of these two or three bar rallies out there. If we take a look at, and last week closed above the OUL signaling, likely that there's something more. If I go back here, well, let's just, let's continue moving on. During the 2000 bear market, we can take a look at one, two, three, four, five different examples of two bar rallies out there for instances of that. So it's common to see a two or three bar rally. And it tends to work better, Tom, for the weekly and the monthly timeframe. Here's the 1921, 1929 bear market out here. And we can see these two bar rallies. There was one four bar rally, but probably still stayed below that oscillator and changed like 1973, same kind of thing. So folks, open up that report, you'll see this out there. This chart here, Tom and I provided to everybody, this chart looks at the Dow price in major currencies. Now you and I, we think of this as the Dow price in dollars. But if you're over in Europe and you're trading in euros, you're thinking about how is the Dow performing your currency? Or if you're in Japan, how is the Dow performing in the end? Or if you're in England, how is the Dow performing in pounds? If you take a look at these charts out here, the Dow performing those major currencies doesn't look like it's really in a bear market. I mean, it's almost near their all-time highs, which took place in January of 2022. Actually in the end, the price in the end was April of 2022 out there. And this is the global flow of capital. And here what we can see, if you take a look at the top chart of the very bottom chart is the euro is below the 2017 areas. And this shows and the reason why we could see this rally that lasts for two to three months. And that's what I'm referring to folks, not just a two to three week rally, but I think that change in trend is signaling to us, we could see something last for two to three months out there. So open up the link to that report, you'll have all these charts here. And if you have any questions, folks can email me. And folks, you wanna read that report. And if you don't have it in your email, go in your spam because it's an awesome report, man. And then come over to our website at TFNN, you go into the newsletters, you hit the market probability. That's your probability. Thank you, man. You got it. And you are off to the races. Have a great one. See you next time. Thanks, man. Bye-bye. This sector now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector, as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money-back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, DXAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN, educating investors. TFNN is excited about our new software charting program, The Art of Timing the Trade Charts. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks of Dow. Dow industry is right now down 32. The NASDAQ's off 112, SAPs are off 13. So if you have got anything at TFNN, well, even if you're on YouTube, folks, bottom line is that we sent that report out. Steve sent that report out over the weekend, okay? So if you didn't get any email, go to your spam box. It's an amazing report. I mean, it's really a cool report. And of course, if you wanna check out Steve's newsletter, Mastering Probability is very easy to do. There's a link right on that report. They can just come over to TFNN, you hit Newsletters, and on the right-hand side, you're gonna see Mastering Probability, but it's pretty cool, man. I mean, there's a lot of backup with it. Like anything else, we'll see how this baby shakes out, but there's a lot to it. Market wise out here, the bottom line is that we are pulling back with light volume. Let me just see this for a second. I wanna see, okay, so let's Microsoft. Let's go through some of these equities that are coming out with numbers tomorrow. So we got Microsoft, that's gonna be, let's see, more than likely that's after the close. Okay, aftermarket. Microsoft is trading $257. They're gonna be looking to take in 52.4 billion to the top line, $2.29 to the bottom line. Let's see what we're looking at here. Okay, so Microsoft's still been in this consolidation. They put this on a weekly. You're down from 349, so you're off 33%, came back to strength that goes all the way back to April of 2021. Yeah, I could, okay, so I can see this one here. Going after this, there is a high volume low that's laying here. Rejected at the last time, but that's still open. Yeah, it's still open. Okay, so that's $248. That's one that looks like to me that wants to go lower. Okay, so let's go to Google next. Google's coming out also tomorrow after the close. Google is going to be looking, it's trading $107.18 right now. They're gonna be looking to take in $58 billion with a dollar 32 to the bottom line. No, that doesn't look like these things are gonna basically pop. Yeah, this looks like it wants to go down to, down to that $102, right now at $107. That $102 is the same week and it'd be the week of, let's see, we're talking. The week of May 27th. Then you got a down-borrow there. That's what's going on. So let's go into Coca-Cola. That's also coming out tomorrow. That comes out before the market opens. That's trading $61.92. They plan on doing $10.7 billion taking 67 cents to the bottom line. This one here, whoops, that's the wrong one, KO. Okay, so they put this on a weekly. So that was $118 million versus $125. This is gonna be a close call, this one, man. This just might stay in a consolidation. We had come down hard six weeks ago but that was just coming into another downdraft. It's coming into the breakout area. The breakout area at Coke was $56, $57. That's how it's set up. If we go look at Nvidia for a couple of the Tigers out here, this baby here, bottom line, has some strength. You're down four. Now this trades up and down $5, $6 every day but this has strength. It's backing down so pitch this. Well first off, when you see the type of retracement this had is brutal, man. And this is how the stock trades. So this is down from $346 at $168. You came into the breakout area and when I say came into the breakout anything that stays over $152. That's where we start breaking top side in May of 2021. Yeah, this one's higher price. Look at this volume last week and then Nvidia. It's monster. So you laid out a low with $216 million. Well last week we did $322 million which was coming into $245 as well as $345. Now needless to say, yeah, the $322 is less than the $345, but that's a lot of volume in. That's saying that to me I suspect that little Nvidia, this thing can bounce up to $208 like pretty quickly. That's how that thing is shaking out, man. That's how it looks to be shaking out. So you're talking about a decent number here. We go to Big Mac. So you got McDonald's coming out with numbers tomorrow. They're trading at $249. They look to take in $5.8 billion and $2.46 to their bottom line. And it looks like someone's trying to get ahead of it here by selling down McDonald's right now actually. Let me put this on a weekly. Yeah, so this can get to run to $242. Right? The danger point for McDonald's is that when we did come down in March, 27 million, yeah, was going into 25. So that can get retested. This could be a huge consolidation. That's how that is shaking out. GM, let's go to GM. They're coming out tomorrow. This is gonna be a wild week folks who are gonna be talking about numbers. So GM's trading 34 bucks. They're gonna be looking to do 37 billion and take a dollar 31 to the bottom line. And what we will see is what kind of extra expenses that these companies are gonna have. In GM's case, let me see this. Yeah, I wouldn't be touching GM. It's not that it's already come down from this $62. They got cut in half, but it looks like it's gonna consolidate. Let's go over to Newmont for a second. So I wanna show you something with Newmont. Newmont came out with numbers this morning. Newmont had been on the last run up. Newmont was the strongest gold stock there was. Now, look at this. This thing, this stock number one has got cut in half. I think it's just about half in three months. Yeah, 86 to 44, okay? And it's accelerating all the way down. Now, when you look at it, this is important to look at if you happen to be in the gold market because what happens with these numbers, right? Particularly the numbers. See this gold in all sustaining cost per ounce? That's important to understand. So they had it at 1,035. Now, bottom line is 1,153. So that went up approximately about 9%. The reason that number's important folks is this. Newmont is a great miner. And an all-in sustaining cost gets you a floor in the gold market. I mean, yeah, we're trading at 1,800. But I just wanted to understand that to get the ore out, to crush the ore, to get the gold out of the ore, to get the mountain back to how it started, the bottom line is that that's what it's costing Newmont, okay? So when you look at that aspect, the bottom line is that that gives you a fundamental direction, number one, on what the cost is to sustain it. Number two, and it's the, you can expect these expense ratios to be up 10% because that's what this is in here. That the bottom line is that they missed a number, but their expenses, and to get that gold out of the ground is also up 10%. That's a big number, man. We're gonna see more of that. And the larger gold companies, you know, look to me like, yeah, they're definitely weaker than the exploration. Stay right there, come right back. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing and accretive transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC. Vista Gold executing a strategy to create shareholder value. TFNN has been your trusted source of analysis for bonds, metals, stocks, commodities and options for years. And we are happy to announce that we are bringing that same caliber of analysis for the Forex Market. Teddy Kextat has 30 plus years of experience in Forex trading, commodity risk management, Forex hedging, volatility and so much more. Teddy releases his weekly Tiger Forex report every Monday morning with elite coverage of all major currency pairs, including the DXY, Euro dollar, pound dollar, Aussie dollar, dollar yen, dollars Swiss franc and so much more. Teddy will recommend specific trades when the market presents them and provide updates throughout the week when warranted. For the month of July, inaugural members to the Tiger Forex report will receive 25% off the monthly subscription for as long as they're subscribed. Just use promo code Teddy25 to lock in the added savings. This offer is good only for the month of July, so do not miss your opportunity to save on the Tiger Forex report. TFNN, educating investors. Biotech is booming, but for how long? Whether you think the Biotech bull has room to run or has run its course, trade LABU or LABD, Directions Daily S&P Biotech three times bull and bear ETFs. Visit directioninvestments.com slash biotech today. An investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact direction shares 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, foresight 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 tigeresses for just $1 for the year. There's no catch 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 Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks to Dow. Dow industry is up 17, NASDAQ's down 98, S&Ps are down 8. Yeah, and let's bring a few more of these golds up because a couple of tigers are saying that what you do have here, you have many of the smaller ones outperforming. If we go to Hekla, now Hekla's a silver stock, okay? Silver, you know, I got smoke just like gold. Loafly is $3.44, the highs $7.60. They don't come out with numbers until the August 5th. That being said, you know, this is, you know, looks to me like, you know, it's probably off the bottom. The bottom was laying in a 304, you're a buck over it right now, and I really like what's happening here. See how this is, you're pushing into the swing with volume, this is a nice move, man. You know, you're up 20 cents. You get 9.9 million, and the swing has 5.4. Now watch this, this is gonna be cool. We're gonna be able, I just put the symbol in. Look at this. So, this symbol that I just put in, folks, gets you all the larger trades, and you can see someone's into the stock, man. I mean, just look at this thing all day long. I mean, it started out, well, you can, from one o'clock on, man, look at this. I mean, just when I was on the 12, yeah, this is military time, so all you have to do is take 12 away from whatever you're looking at, folks. 50,000, 7,000, 50, 50, 42, 31. Now let's go into this, let's see this. Someone is buying this, man, big time, too. And let's just see if we got, because what we're doing now, the screen that you're looking at now, folks, okay, is going to give you, if someone had already been in the equity, and they're buying into it. They won't give you necessarily who's buying today, okay? So, I don't see, when you're looking for, when you're looking at this, you're looking for, I would be looking at the file date, you're looking for the seventh month, or there's no seven months, but I suspect what we're going to have in the next couple of days, we're going to see something in there, because when, yeah, because the volume expansion is growing dramatically, and as I said, when I just put up the larger trades, you can see, it's, you know, it's $50,000, it's a $200,000 trade, and you don't get them one after the other after the other. The thing that's amazing is that this is how you do get in. Who's ever doing this, okay, is doing really well getting in, because you can see they've only moved at 5%, and the way to do it, this is the way to do it. So, here, let me just walk it through this for a second, because what normally happens in a big fund, right, is they don't do it like this, okay, they give it to a broker, the broker doesn't have no freaking clue as to really how to get in. This is the way to get in, because what ends up happening is that each and every time that you're really getting in, you know, you're saying, okay, the broker on the other side has taken the risk that in this case it's going to be at the New York Stock Exchange, because this equity is one of the oldest equities that trades at the New York Stock Exchange. So, what ends up happening is that when they're basically feeding it one by one coming in bottom line, I know it's at 50K apiece, but they don't know when that thing is going to end, and that's the way to do it, versus saying, okay, give me 400,000 shares, because it was 400,000 shares at the bottom line that had popped that way too far, but anyway, I suspect that that is an equity that wants to go higher. If we stay with the theme about the larger gold equities, and this is when I was doing the gold report this morning, I didn't like how these looked, particularly because you got Royal Gold, great stock, that's down two and a half dollars, man, that hasn't been able to catch a bid at all. Franco Nevada, that's another one, hasn't been able to catch a bid. Bottom line, same set up there, I can see that's lower. And then Barrick, the four biggest gold stocks actually are some of the weakest stocks in the market. And look at Barrick, Barrick's down 47 cents. Now, the way that works fundamentally, so watch how this works, oh, an eco-eagle, same deal. An eco-eagle can't hold price, let's see this. Come on, come on. So an eco-eagle, yeah, look at this, can't hold price either, they're accelerating down. So what happens here is this, this is how this goes. When you are already deep into producing, well, the bottom line is when Numan comes out with the, you know, saying, hey, my all-in costs are up 9%, my expenses are up, bottom line, the market's recognizing that that's all up. That is where you see the difference, okay, in the texture of, I'd say, heckler, let's go look at Pan American Silva. I would say heckler is basically an outlier. Yeah, heckler's an outlier, that's the bottom line. Heckler's an outlier, because you can see Pan American Silva's having a hard time holding price also. So the folks that have the mines, that are deep into the mine, that the market is recognizing that the expense structure has gone up by 9%. Well, 9% in the gold market, folks, is a monster. Well, 9% in anything's big. But the gold market doesn't have that bigger spread. I mean, it's bigger than 9%. You know, when all's said and done, but when you think that you have to take so many tons, they say 10 tons of, or to make one ounce of gold, then return the land to where it was. You can see the gist of it, that you better have something in there that has some, a bigger spread, figure out how to get some of your costs down. And you know, one of the tigers were saying that in Newmont, they didn't bottom line hedge their fuel costs. What happens in a hedging process in general, folks, is that the way I look at it, they're in the gold business, okay? And I remember the first run, and this is where, yeah, this is 20 years ago, but the bottom line is that no one ever thought that the gold business would go out of the bear market. It was like a 20-year bear market, it was insane. And what had ended up happening is that you had, you know, well, Newmont, Newmont in particular, they hedged beyond belief that it would end up costing like $2.8 billion to take the hedge off because, you know, bottom line, it went up. My general feeling is that, you know, let's say you're in the airline business. I can see definitely you're hedging, you know, an energy diesel fuel deal at lows, not at $100, okay? The other business is that the gold business has got slammed by hedging anything because the bottom line is that all they're really doing is trading it. That's the bottom line, you know? You start, you know, and their history is that they have lost huge amounts of money hedging. That's the history, you know? And thank God that Newmont had actually bought back their hedge because if they didn't, then it would have been 100, no, it would have been billions in the three digits. No, it would have been three digits. It would have been 30 or 40 billion, though. It would have been an outrageous number, let's put it that way, because gold, of course, you know, went from 258 and the first run was like 1169 or something. But, you know, cost to cost. And the aspect, the way that I suspect this is gonna shake out this week, we have the Federal Reserve on Wednesday. And the way I'm looking at this right now, whatever the Federal Reserve is saying, it looks to me like the S&P wants to go higher and metals wanna go higher. And where I'm going with the metals is that I'm going, that the dollar, okay, is wanting to go lower, you know? It's teetering right now. It's trying to get over this number once again. The number is 106792 or 106447. But the way it's traded out here today, it's like, okay, it's gonna be a close call. It hasn't made it over yet. The longer that it stays under that number, the higher the probability that that dollar has topped and we're going south. Stay right there, folks, come right back. The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. David White's investment newsletter, the Technology Insider, is designed to give you all the information you need to understand the technology of the shapes today's markets and tomorrow's future. David White has made his living staying on the cutting edge of technology. His weekly newsletter will give you specific recommendations for valued tech stocks as well as entry prices, target prices, and stops to set for each trade. Dave delivers his weekly newsletters every Friday with updates throughout the week. You can get the Technology Insider at tfnn.com for only $37.50. Sign up for David's newsletter, the Technology Insider, and get an inside look at everything the technology sector has to offer. Try it risk-free today with our 30-day money-back guarantee. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. 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 and 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. 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, down. Down is up 60, Nasdaq down 71, S&Ps are flat. Let's get over and take a look at the spy. So you get a sideways to light a market. The bottom line is that when you look at price and volume, folks, what you're doing today is you're backing down and because you didn't go for highs and you have a huge contraction of volume. That says a market wants higher price, man. Bottom line, we did hit a high on Friday with 72 million, you're backing down with 43. That's in the spy. And we take a look at the NDX100, the 3Qs, 3Qs right here. We made a high on Friday with 57 million, you're backing down with 35. That's still a market that wants higher price. You know, what we will have is that on Wednesday at two o'clock, that's gonna be fireworks. No doubt about that. The real kick is gonna be, you know, do they do three quarters? Do they do a half? And then what do they say? Because when you look at the calendar here, this is the way this shakes out, man. The bottom line is that the calendar, July 27th, the next Fed meeting after that is gonna be September 21st. We have, the Fed fund rate right now is one, whoa. Second, sorry. The Fed, the Fed fund, where is it? Is 1.75. So the Fed wants to get that up to two and a half. And two and a half is not too far from 1.75, right? You know, you're talking about another three quarter percent, you're at two and a half. So they're either gonna do a half and say they're gonna do more, I said I'll do a three quarters. And my take is that if they do the three quarters, you know, they're gonna say that, okay, things are gonna slow it down because that gets us two and a half. You know, now, granted, in order to crush inflation, I think it's gonna probably have to be more than that. But at this particular point, the bottom line is that that's all this market would need to really get a rally going because just like anything else, when you're at highs, picture it. When you're at highs, do you know how many people just wanted to buy every single day, every single day, and now you're down 35% and people say that I don't wanna buy? It's a twisted world, man. You gotta love it. Eyes are in the folks, the bank and claw your heart out, the bull can run your world rent. Thank God, there's always another trade. Health app is in prosperity. Have a great night, folks. Have a safe night. Come back and visit Tommy tomorrow morning. Kicks us off nine o'clock in the morning. Great show. Reel, look at him, folks.