 We're going to take a look at the 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. Oh, it's a beautiful thing. Look at our man, Jim from Minneapolis. We are taken by storm. Picked by storm, baby. I love that. That's a great thing to say, man. Hey, what's happening, brother? Good morning, gentlemen. How you guys doing today? Good, man, yourself? Oh, man. It's been the most incredible couple of days since when I called in on Friday, Litecoin busted out of that consolidation on the two-hour chart. Okay. And it just never looked back. It did a 100-point ABC up, and now it's very extended the way I look at it. Right. Now, Tom O'Brien. 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 grows. Hope everyone's having a great day, safe day. Let's make it a great night and a great week, folks. 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. Make it a rise! Let's take a look at it out here. We have the Dow Industries up 24, Nasdaq down 34, S&Ps off six, Gold Contact down $6.70, trading at $15.08 an ounce, Silver down 2 cents, $18.09 an ounce, LiteSuite Crude up a buck 45, caught a bid $57.97 a barrel notes and bonds. You get the 10, you're down 18 ticks, $130.25, 30, you're down a full point, plus 21 ticks, $162.27, King Dollar. King Dollar down 136, trading $97.95, the euro is at $110 to one U.S. dollar, the yen is at $107.18, and the pound is out here at $123 to one U.S. dollar. iPhone number is 877-927-6648. Give us a call, folks. Want to know what's going on in your world? In the world of the S&Ps, let's take a look at them. What do you have? Okay, so bottom line is that if we go back to the highs that were generated out here in July 26, you're at $302.23 on the S&Ps. You come off those highs with monster volume. On the 31st of July, you did $104 million. On the 1st of July, you did $142 million. Now, last Thursday, nice day, last Thursday, still though, you only came into the $142 with $83 million. Friday, we went sideways with light volume, $49 million. Now, what you're going to have out here today, folks, is that you got over the highs of Thursday, you're going to close underneath them. $298.83 is the number. We hit $299.24, and you're going to get the price failure on volume, and we'll see bottom line how this shakes out the next few days. When you get something like this, particularly coming into a downdraft, that's saying that, guess what, you're going to try to get into the $293 area, your $297. My take is that we're actually going to get down into this $281 area. That's on your S&P. We take a look at the NDX100. NDX100 has been weaker than we thought. We're going to get kind of cool, actually, because on last Thursday, you had the NDX go up 34 million shares. You had a high out here of $192.32. Bottom line, yesterday, Friday, you went sideways, $192.17, and then today, what you did, you got over that high, and bottom line, there's going to be light volume. It couldn't even get to the high of Thursday. We're going to try strength versus the weakness. NDX100 is the weakest one out here, and I suspect NDX100 also wants to make a run down to the $179 area. Small caps, we take a look at the small caps. You'll see that the small caps never got up to the top of the range. The top of the range and the small caps was $152.63. We made it last Thursday to $151.91. You made it last Thursday, and it looks like we're going to close under the Thursday high, which would be an additional failure on price as well as volume. Gold contract. What do we have with gold? Gold contract down $6.30. You're trading to $1509, and this is the first real correction that we've had basically since May. What I expect, we're going to see with gold, gold's going to make its way down. You know, it's going to be $14.84. $14.84 is game. That's what it looks like to me. And that area, by the way, that is only, I think it's not even a .382. It's a .28, I believe. It's a .23. It's about a 25% correction from the lows to the highs. You've got to remember, gold started taking off on May 29th. That was at $12.89, gets all back to $15.65. And that being said, that still doesn't negate your larger ABC structure up inside the gold market. Silver, silver set up the exact same way. What we had with silver last week silver last week had quite a run. Right now you're trading at $18 in a penny. What silver had done three months ago was at $14.35. Last week it was $19.54. You come off that level. You did come off that level with volume, which is always a problem. Let me pull us back. S-I-Z-9. So we have inside that silver market right now, $130,000 contracts. And we needed this because we had big volume coming off that high. You made the high out here with $157,000 contracts. We came off at $194, $222, and now what about here would $130,000. That's a nice situation because when you come off any place with volume, in order to get to higher price you're going to get under that bar first, reject the bar, then the baby can start again. That being said, silver, I think silver actually can get into $17.62 on this pullback. Notes and bonds. Bottom line, notes and bonds. Now these are still consistent. I think the gold market is going to be a little tricky this week. That's how this is shaken out. It's because the aspect of the amount of gains that have been in the gold market are extraordinary since the last three months. The note and bond market, however, those gains have been extraordinary also, but guess what? There are no sellers in this market in the note and bond market. We take a look at this 10-year out here today. What you're going to see is the 10-year down to 18-sex, you have 1.1 million contracts. You're going into 3.2 million contracts. That is anemic volume. The 30-year, we take a look at the 30-year out here, what you have with the 30-year, 30-years down to 210,000 contracts, and what happens folks on this roll right here, you have to go back to the last contract to actually get the exact number. Now this is kind of cool because you can do it pretty quickly. So we're going into 570,000 contracts and we were talking 225. King Dollar! What are we going to do with King Dollar? We'll see what King Dollar is going to get any follow-through to the downside out here. What you had out here today, you got sideways move, you're down 126, 17,928 contracts. You're going to need a lot more contract volume for lower price inside King Dollar. Our phone number is 877-927-66 Dow Industrials. Dow right now trading up 42, Nasdaq down 26, S&P's are down 3. We'll come right back. Hi folks, Tom O'Brien here. If you'd like to get my daily newsletter Market Insights, then now is a great time to sign up for a 30-day free trial. Every morning by 9.30, I send out my morning letter to subscribers with Market Commentary on a variety of markets, currencies, and commodities to keep investors up-to-date on the day's information. Included in Market Insights are specific buy and sell recommendations for stocks, ETFs, and even options, which stops and price targets included for every trade in my newsletter. If you'd like to try my newsletter risk free for 30 days, then head over to the front page of TFNN and you'll find Market Insights under Trading Newsletters. I use my years of trading experience to bisect and dissect the market every morning, and give my subscribers the most important information they need to know for the day ahead. I even issue afternoon updates for my newsletter with important market action. I'm always scouring the market for the next great trading opportunity. Sign up for your 30-day free trial to my daily newsletter at Market Insights today by visiting the front page of TFNN.com. Well, go get them, folks! If you're a trader in the market looking for exposure to gold or gold mining equities, then now is a perfect time to sign up for Tom O'Brien's Gold Report. The summer is over, gold is trading back above $1,500 and the 10-year treasury is covering at around 1.5%. Tom O'Brien has been writing his Weekly Gold Report for almost 18 years. There's no one that knows more about how the gold market trades and how gold mining equities react. New subscribers get a 30-day money-back guarantee so you have nothing to lose. Every Monday morning, Tom publishes his Weekly Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, the dollar, as well as more than 30 different mining equities. As of September 3rd, Gold Report subscribers have five active open positions with an average unrealized profit of almost 38% for each position to see for yourself the types of profitable trades that are recommended within the Gold Report. Sign up today by visiting TFNN.com Many of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable, moderated atmosphere. TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com Whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions we even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors. Welcome back folks, Dow. Dow's up 40, Nasdaq's down 26, S&P's are down three and a half and normally folks on Monday we get our mammoth to Steve Rhodes up and guess what? It's a beautiful thing. It's Steve's birthday. We all want to wish him a happy healthy birthday. A lot of grooving out there. You got to love it, man. Steve, make it a great one, man. Make it a great year also. As you come over to our website folks at TFNN.com old report. Okay, so check it out. It's been an incredible run, folks, okay? Since May, bottom line where it's September 9th out here today. As you come over to our website at TFNN I am going to be doing a workshop. For my subscribers, it's going to be a week from this Wednesday night. What we're going to be talking about, okay? Bottom line, we're going to be talking about the aspect of you know how the bond market moves the gold market. Where the gold demand trends are coming from because there's some monster trends in this market, folks, that we haven't seen in years. In fact, some of them we haven't seen at all. There's another one in here which is really intriguing and what it is is this. It's the aspect of the how gold outperforms currencies over time. And now, you know, I'm certainly talking a long period of time, but when you see how this works, it's pretty incredible. Now you can... And then the last part of this and this is a big number. So, gold right now, folks, is trading the average of $110 billion a day in value. Now, that's more than a Dow industrial. Gold's a worldwide market. There's no doubt about that. But that is a large number. If we go back to the currency deal for a bit, this one gets really intriguing and I'm not going to let it all out, but what does happen is this. Is that you can take any currency in the world and go back basically 50-100 years and you're going to see the amount of value that that currency lost in the aspect of gold. Now, there's no doubt that you can make the case which is the correct case to make that let's say if we went back 50 years and you take one dollar and you take an ounce of gold. We'll do 100 to an ounce of gold. Just so I can give you an idea. When you're looking at the aspect of what has happened is that gold would be staying higher. That $100 is going to be worth anywhere from $4 to a minus $3 to $17 of the most. Now, that would be if you're just holding it. You can definitely, the case is real that you're going to take your dollars and you're going to invest your dollars and do something. The thing that's so intriguing about this and that's what's intriguing about this running gold this particular time at interest rates that we haven't seen. The world is down at negative interest rates. So the bottom line is going to put this all together for my subscribers. If you'd like to be a subscriber, this is the time to do it. Come over to our website at TFNN. You can test drive it. It's 30-day money back guarantee. You'll get a great gold report. You'll come in the workshop and technically I'm going to walk you through it right out right on the front page of TFNN. Some of the higher volume equities out here today, this is what we have. This will be, I suspect, a low volume market out here also because what we have done is this. We've got over the highs. We've got a close underneath them. You're going to see a failure on price as well as volume. You've got Ma Bell with the mover out here right now. It's only up $0.72 though. This thing was up, let's see. It's $0.15. Right now you're at $0.3698 and what that's all about is that you get Elliott Management and Singer in the stock in a huge way and they're going to be looking for them to start unloading some companies. Snap. Snap is down $1.27. You get GE up $0.25. You get Slack Technologies. That continues to get smacked. That's down another $2. Roku. Roku finally took a hit. Roku's down $8. Let's see what's going on here. This has been on a tear. No doubt. Made another all-time high today. Made an all-time high at $176. Right now we are trading at $159. If we take a look at the strength versus the weakness inside the Dow industrials, you get Walgreens up 5.5%. Caterpill is up 3.5. You get Goldman up a 3. Let's go look at Goldman here for a second. The financials in general. No juice behind the move. This is pretty intense. Thursday we did 517,000 shares. Right now you're 211,000 and you're coming into 686. That is something that is anemic. JP Morgan Chase. JP Morgan has volume behind the move. Thursday we did 13 million. You're at 9 now. It's not going to beat that, but the bottom line do have an expansion of volume. This looks like it also wants to run up to $116.80. Right now you're at $115. NDX 100. The strength versus the weakness. I said a little bit earlier, the NDX folks continues to be one of the weaker indices. On the upside, this is the same one. Walgreens is leading it. Ntap is up 5%. Lucino is up 3%. On the downside, NDX Pharmaceutical, that's getting hit pretty good. That's 7.3%. McConnell Libre is down 5.8%. You get PayPal 4.8 and Tuitor is down 4.3%. Let's go to PayPal for a second. Take a look at PayPal 104.76. This is quite a move. Let's see what they're saying. This is actually setting up an ABC structure down. You got it. The price projection was raised this morning by Citigroup. The bottom line is that they're not buying it. Someone is moving this thing out lockstep. Let's go look at some of these bigger trades out here. You get a lot of $5,000 and $4,000 but not as heavy as I thought we would have. This is setting up an ABC down though. This is going after the lows that were established out here on the 5th of August. That's 102.42. And you need 4.2 million shares. Right now you're at 2 million. Put this on a weekly. Yep. Okay. This is going to get interesting. Weekly is set up the same way. We put it on the monthly and you get the same setup inside the monthly. That's saying quite a bit. Oil. Oil caught a bit out here. It doesn't have juice behind the move. Now, oil market right now we are up a $1.47 over the range however. The range here, the range of last Friday, Thursday rather was $57.76. That's where it gave it up. What had happened folks is this. We came in with a lot less oil. Oil market, this is the EIA numbers. The market went from $55.00 to $57.76. Then it gave it up on price. You're over that level right now and that says the oil market can get up to the $58.86 level. Small caps. What do we got with the small caps? Small caps continue to be the lagget in the market in general. Small caps up here, you're up a $1.88. You got over the high of Thursday which is the $1.50, $1.91. What I do expect we are going to see as we commit to the close that's going to give it up. We go back to my bell. My bell is in play. You're up $0.72 right now. You're trading at $0.3697 and that my bell looks like it's going to try to get into at least the $0.3980 area. Don't forget about the workshop I'm going to be doing for the Gold Reports subscribers folks. It's really easy to get into. It's a week from this Wednesday. The way you get into the workshop, go to our website at TFNN. Hit the Gold Report. You can subscribe. It comes with a 30-day money-back guarantee. Dow Industrial is down $41. Up $41 rather. Nasdaq down $26. S&Ps down $3. We'll come right back. If you're not currently using the Taz Profile Scanner when looking at setting up a business of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, Taz understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted the best way to use the Taz Profile Profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today and you'll find the Taz Profile Scanner under the Services tab. Sign up today. Taz Profile Sc is a firm that has extensive experience in the Tampa Bay area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of making the best decisions. Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future called Tiger Real Estate LLC today at 727-329-8322 or email us at Tiger at TFNN.com that's 727-329-8322 call us today. TFNN has put together the best lineup of live content for traders by traders every market day featuring some of the most knowledgeable and respected minds in the business. TFNN broadcasts 5 days a week live from 9am until 5pm eastern time we have live programming every market day during market hours every morning Larry Pezzavento kicks off the trading day live at 9am and breaks down the opening bell with trade what you see at 10am Tom and Tommy O'Brien host the TFNN bull bear trading hour followed at 11am by the team at TFNN's Tiger TV on your computer or mobile device and you can always find us streaming on YouTube TFNN.com educating investors this segment is brought to you by thinkorswim with fast market Basil Chapman host the Tiger technicians hour at noon Steve Rhodes at 1pm with the Traders Edge Dave White at 2pm with the power trading hour and Tom O'Brien anchors the daily lineup from three till five as host of the Tom O'Brien show tune into TFNN's this segment is brought to you by thinkorswim for more information just click the thinkorswim banner on the front page of TFNN.com Welcome back folks down right now 44 Nasdaq is down 25 S&Ps are off three and a half and the bottom line is that we go over here and we take a look at the Google Google right now so you get 50 attorneys general open to broad investigation and to whether advertising practices at Alphabet's Google violate antitrust laws state attorneys general led by Ken Paxton of Texas announced the probe Monday on steps of the Supreme Court in Washington citing concerns that the company is raising costs for advertising questioning whether consumers are getting the best information from research results yeah this is going to be a long drawn out affair folks but what I do expect you are going to see some changes in this business when I say that I'm talking 3, 4, 5 maybe longer than that in order to basically sort this out and we'll see how this whole thing shakes out because there's no doubt that the Google as well as Facebook let's bring up Facebook they have a stranglehold on the advertising business the digital advertising businesses and everything is going digital folks and just so you can wrap your head around for a second of how this actually works the advertising agencies themselves folks right they have everything to basically gain and they have a lot to lose as they try to break these gangs up meaning Google and Facebook because what happens in the advertising business I'm talking about all the big companies in the world that use the largest advertisers there's not a lot of advertising companies in the world also they rolled all those advertising agencies up bottom line they work on a cut of the gross that's how this thing shakes down so they could what they would like is prices to keep going because we're talking about percentages of the gross as it's going up bottom line it goes up they just fire another and I can tell you from the experience of being in this business a long period of time when you hear these stories about the large companies being on sites that they don't even know about that is a very large part of the business meaning advertising fraud now certainly the advertising agencies aren't doing that on purpose but the other thing is that there's a huge business just of doing that meaning you're operating sites you're getting thousands and thousands of computers hitting those sites so it looks like those sites are basically doing business the ads drop on them and guess what you're paying for nothing so that is going to get really intriguing over the next few years to see how that shakes out what we're also going to see quarter by quarter what has been happening is that Amazon has been basically starting to eat into it a bit now Amazon is still a really small part in the advertising business but I suspect that's going to get bigger what Amazon has done out here today down $3.40 Amazon also got over the highs of Thursday now the differential this is pretty cool to watch what has happened with Amazon the S&P 500 the Dow Industries the NDX100 the Nasdaq all right all got over the range last Thursday Amazon did not as it just got right into ice this is a pure white cough term that means where you broke down it came up to ice came up to ice at light volume failed and we're going to get out here today another failure on price as well as volume that's going to set up now with Amazon this is pretty wild because Amazon is off its high of 2035 right now we are trading at 1824 and it looks to me like it doesn't necessarily have to stop at the bottom of this range which is the 1745 because when we came down we got very close to the 1672 area which is the low that was generated out here on June 3rd Amazon is always tough folks to buy in the retracement each and every time that we get a correction in the marketplace Amazon can just be vicious you know the last correction that we got so check it out Amazon went from 2050 in September of 2018 to 1307 and then just turned around didn't look back until it reached 2035 again so that is how Amazon likes to trade it's pretty wild actually Netflix, NFLX this has been a weak stock in the market you get a little bump up today hasn't been able to hold price it was up as much as $7, $8 today right now you're at $4 same setup this looks to me like let's pull this back this is going to be one of the first equities that are going to be down to the 231 which is the December high volume low and as I've said many times when you take a look at the if we take a look at the SPX it looks to me like we're in a very large consolidation and the bottom of that consolidation on the S&P cash is 2346 now the top of this is 2939 now watch this this is and you're going to say we're higher than that right now that's my point because we're not in the lower range yet when we broke topside folks the week of June 28th was the big week we had 2964 the week after that which is the last week of July you got up to that 3037 the S&P cash now this is the cash has to get back inside 2939 in order to basically get into lower price but that's how this baby looks to me and then it makes sense too by the way because we had a one way street on the way up started January of 2016 at $1812 and you go straight up to 2940 you do the correction and this thing looks to me like we're basically being this correction for a bit longer the TLT let's go take a look at the bond market out here again we have with the TLT you're going to see it right in the TLT you get a pullback you're at 9.7 million shares this is anemic folks this is like a joke meaning you're going into 16 million shares you're going into a breakout area with 16 million shares also and you're only doing 9.75 they're not selling bonds doesn't look like they are going to sell bonds either and that what's really wild about that is that what I was looking at the gold market the silver market still looks to me like you're going to have some volatility this week it's still going to be tricky in a big way still does want to pull back those notes and bonds do not want to pull back at all the euro we're going to be hearing a lot more about Boris Johnson we're going to be hearing about Brexit in a large way each and every week coming up to October 23rd euro right now today up 21.6 not out of the woods yet the euro has to get back inside 111 and on to basically continue at higher price right now you're 110 the British pound we take a look at the pound pound out here trading 123.47 up 64 ticks the pounds making it this is going to be interesting so the pound to let me put this this way to get back inside the higher range 124 124 would be the number approximately 124 we're at 123.47 right now so it does look to me that the pound is going to have a shot to get back inside the higher range Dow Dow industrials right now down 30 up 31 Nasdaq down 23 S&P's off 3 and the Dow has given quite a bit back since the highs of today to the lows of today folks stay right there come right back if you're in the CD market and looking for a secure investment the Tiger First mortgage program may work for you the 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direction chairs carefully before investing the prospectus and summary prospectus contain this and other information about direction chairs to obtain a prospectus or summary prospectus please contact direction chairs at 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 or free at 1-877-927-6648 internationally at 727-873-7618 Tom O'Brien welcome back folks let's take a look at a couple of financials you got city group right now $3.06 all the financials are moving out here today folks city group 15.3 million chairs now you're coming into 22.5 what you have out here no doubt this is going to be about the note and bond market right now we have the 10 year at 1.62 so if we take a look at this 10 year what you're going to see inside the 10 year is that the as she is we come into a well yeah let's do this 6 months ago the 10 year is a 2.67 it's hard to comprehend right 2.67 so a full point from where we are days ago we were at 1.472 today you're at 1.68 what's intriguing is that it didn't take much for that to get a pop and to basically put a little juice inside those financials we'll see how long they're lost city group themselves they came out this morning and they were talking about that they're wanting that their trading volume is going to fall amid the third quarter volatility what happens folks is that when any large trading firm comes out and is saying that the volatility is going to get to them what happens is this is that banks and broker deal is large operations when they are buying and selling whether it's equities whether it's currencies whether it is notes and bonds currencies debt rather they actually know where that is going to go before they're even buying it so volatility is something that gets them in spades in a huge way because what ends up happening is that on one side they can be buying it too if that market moves too fast then on the other side the client on the other side saying hey see I don't want to be here and so what ends up happening is that they lose out on the aspect of that spread that's how this thing shakes out they're always working on a spread and that's how they suspect they're going to move less product and that's why you're going to see the aspect of as Citigroup just said they're going to see lighter trading volume that being said you can see these banks are up today if we go take a look at the XLF inside the XLF out here that has 59 million shares now it's certainly going into monster volume 107 million it doesn't have that juice on Thursday we did out here we did 68 million we did 59 today that's still in a counter trend bounce that's the way that looks to me this is quite a headline bad news US home buyers sub zero mortgages ain't happening well guess what I don't think that you have home buyers waiting for sub zero mortgages folks in the United States of America I think the most ridiculous about America's would be home buyers jealous of the citizens of Denmark where the Denmark bank recently offered 10 year mortgage bonds at a fixed rate of negative 5 tenths of 1% should realize the possibility of the same happening here is slim well of course it is I mean you know that being said guess what you know when you do the numbers on the aspect of this 10 year number one my take is that we're going for the 31 and this bounce out here you can see when you look at the TLT that the bounce is on life volume the TLT is rejecting lower price that's saying that this note as well as the bond market is just not done yet that's how this thing is shaken out Apple got their hand caught in the cookie jar with Foxconn price wise it doesn't matter what I'm talking about here folks is that in the month of August Foxconn as well as Apple bottom line that they have violated Chinese law this is pretty intense actually because you can imagine Chinese law versus the United States law inside of factories of what you can get away with bottom line is that well they basically pushed it to the hilt and specifically what we're talking about is this is that you don't suppose to have what the Foxconn and Apple has done and this is in the month of August is that temporary staff known as dispatch workers made up 50% of the workforce in August and Chinese labor law stipulates that only 10% of that can be so it's not affecting the stock there's no doubt about that I guess it's just going to be a matter of public relations as to you know you're making the phones they're paying a thousand bucks in the U.S. for a phone if it means anything it definitely means something that's for sure bottom line is that they supposed to be the goody two foot deal well guess what you better look at that again platinum we take a look at the platinum market out here platinum finally made a run bottom line three months ago platinum's at $795 last week we got up to $1,000 look at that $1,000.80 if we do take a look at platinum we put platinum on the continuous contract out here what you're going to see okay so in the continuous contract yeah look at this so platinum wants to run $1,022 is the next level actually $1,199 is the next level out here inside the platinum market so we we'll see whether platinum can catch up with the price of gold because what we definitely had out here I believe it's five years now in fact let's do it I'll put it up right now where gold got stronger than platinum and GC1 okay we'll update this and I'm going to put this back 20 months and what you're going to see when we're looking at this chart is that platinum has always been over the price of gold when it has come under the price of gold prior to 2013 you're talking about three or four weeks not now we are on basically four and a half years platinum got under the price of gold four and a half years ago hasn't got above it yet my take is that yes it's going to once again why because it's a harder rock to basically get the ore out of the rock it's used more there's less of it in the world and so we'll see where this shakes out wild it's a wild market though inside that metal market oh this is pretty cool so what you had is this so last week picture gold stopped pulling back last week that being said what we had is that we had the copper market as well as the iron ore market it looks to me like they came off the bottom copper traded down to a price point of $148 last week you're $262 iron ore so these are the basic metals iron ore did the same thing if we take a look at iron ore iron ore right now is trading at $652 we hit a low two weeks ago of $571 and they're both set up for higher price right now so that's going to be pretty cool watching how this whole thing shakes out because there's no doubt that the trade wars goes in an extraordinary way what does happen with commodities however which is great is that commodities can only go so low under the price of production and then the supply starts to dwindle why because the miners basically are not going to keep basically spending their money to get something out of the ground that is costing them no more to get out of the ground it is to sell so we'll see where that shakes out and what you also did have is that as copper come off the bottom you had southern copper also come off the bottom and the copper market and you had valley inside the iron ore market also come off the bottom Dow, Dow Industries right now trading up 34 Nasdaq down 16 S&Ps up 2.5 don't forget folks you want to come and get the gold report great workshop check it out on the front page of TFNN come right back if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastery Probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 years I'm Steve Rhodes S&P 500 for the last 12 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for Mastery Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools and great market calls too sign up today since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a 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welcome back folks wow Dow's up 50 Nasdaq is down 12 S&P's a flat let's see what's going to happen they were in S&P flat market because we had gone over the highs of Friday and on Thursday rather and let's say 2,9083 yeah you're still going to have a failure you're going to have a failure on price and a failure on volume out here today folks spy right now got to 299 you're at 29818 the high of Thursday was you had 83 million shares guess what you're only 43 million right now and we are back now in full trading folks okay the bottom line is that last Monday of course you had Labor Day bottom line we're full on right now so this is a bottom line you could expect the volume is the volume flat out the next time they're going to be looking at something like this brings us into you get the Columbus Day weekend realistically Thanksgiving is going to be the time that yeah you'll see the volume to dry up again and the aspect of holiday type of trading NDX100 set up the exact same way NDX out here we are at 191.17 that didn't even make it up to the high of Thursday and what you did do we got an expansion of volume from Friday so that also is setting up that lower price is coming at you at TFNN we just announced today if you'd like to get in the gold market check out the gold market really easy to do come over to our website at TFNN you can subscribe to the gold report I'm going to be doing a webinar folks for all my subscribers that's going to be a week from this Wednesday bottom line comes with a 30 day money back guarantee you can subscribe for one month it's only $97 for six months it's $4.99 it's $7.85 which is a savings of $379 what are you guys talking about we're going to be talking about the next leg up in gold $17.94 why is it going to get there we're going to be talking about it check it out folks right in the front page of TFNN Dow, Dow Industries right now trading up come on baby up $37 Nasdaq down $17 S&Ps down $2.5 always remember folks whatever you think about have a great one have a safe one we look forward to speaking right back here tomorrow morning 9 o'clock go get them folks