 Okay folks, Larry Pesevento talking to you from TFNN and we are discussing the early morning early afternoon movement in the stock market as most of you might not know as we started off sharply lower on Sunday night and since that time we have been going higher and higher and higher. We're now up on the day on all four of the stock indices the NASDAQ, the S&P, the Dow Jones and also the Russell all of those are going higher so that's a very very positive event happening especially in the face of the the $2 a barrel we're having move up when the crude oil the precious metals still working lower we got gold down about $10 silver down about 20 cents so those are moving lower the US dollar is basically steady to slightly lower not too much going on in there and that's reflected in the Treasury bond market which is down just just a very very small amount after being sharply lower on Sunday night there appears to be some buying occurred right after the fourth unidentified phenomenon the balloon whatever these things are they're in the news talking about them was reported being shot down folks I tell you you can't make this stuff it's like comedy ours like Abbott and Costello are writing the writing the material for the news folks these days but anyway we do have great volatility in the market and it's going to get better and better through 2023 I feel very strongly that we've been leading up to this point for quite a while ever since we came out of that VIX index between 9 and 10 for so many years we got it up to around 40 and now we're trading under 20 so we're going to have some incredible volatility I really believe that we're starting to see it already you know when you have the S&P down 30 then it's up 40 I mean my goodness and then you notice the action that we had on Friday you know up 90 down 80 I mean those are those are moves that are used to be unprecedented but that's not what's happening right now so let's keep our powder dry you know trade when you want to not when you have to as David White would say and I think always good advice coming from someone who is incredibly smart okay folks we're going to take a break here and when we get back we're going to talk about the NASDAQ banking index because to me that is the main pattern that you want to be focused on because this is the one that could lead you to a very very lucrative position we'll be right back