 Welcome folks, this is Tom O'Brien of TFNN, we go 5 days a week, we go 10 hours a day, we go 24 hours a day on the internet, itfnn.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 a TGIF folks, let me tell you something, hang on for the ride, we're going to have quite an hour here, this is an hour coming into the end of the weekend, you just got to bounce, that is a good looking bounce, no doubt about that, my take is that it's a dead cat bounce, and my take is that also we're going to have a good little sell-off coming into this close, we'll see where it shakes out, let's take a look at one of our four agreements, always do your best, take action on your ideas, doing your best means to take action on your ideas, you can have many great ideas in your head, but without action, upon an idea, there'd be no manifestation, no results, and no reward. Mugger eyes, let's take a look at it out here, we have the Dow Industries up 281 points, you get the Nasdaq up 126, S&Ps are up 30, Gold contract up $2 trading at $13.44 oz, you get Silver up $0.10, $15 flat, Lightsly Crude up $0.49, $54.08 a barrel, Notes and Bonds, you get the 10-year note, up 10 ticks, $127.08, the 30-year bond up a full point plus one tick, at $154.18, and King Dollar, King Dollar down $477, trade $96.520, the Euro is at $113.34 oz, the Yen is at $108, and the Pound is at $127.38 oz. Awful numbers, 877-927-6648, give us a call folks, want to know what's going on in your world, and the world of the S&Ps, let's take a look at them, what do you have? Okay, so let's bring the futures up, bring the E-minis up, we take a look at this baby, right now you had a high out here today of $28.86, you're at $28.76 right now, and I suspect what we're going to have here folks, which is going to be really worthwhile watching this thing shake out, it looks to me like we've come down another 10 points to $28.66, so the next 60 minutes we'll see where this shakes out, my take here is that what we've done here is that we're setting up the C-point of an ABC structure on the way down, what we've done here, the last swing point inside the S&P is this $28.94, we made it to $28.86, we'll see where we close out, we're not going to have the volume behind the move, that's for sure. You have the contraction of volume, we're going to have it again, totally makes sense, it's Friday, summer trading, what we have had each and every day in this bounce, you've had a contraction of volume, if we go back to Monday, Monday you had volume of $77 million in the spy, Tuesday $71, yesterday $69, and today guess what? You're not going to, basically it's $65 or something, so those parameters are in place, we'll see whether we get a rejection or price, because you need somewhat a rejection or price from where we are right here. And the X100, if we go take a look at the NQs first, you're going to see, I suspect first by the way that the NQs, that's where the selling will start if I'm right in the correlation of how we're going to come into this next hour. So you'll get a little bit of selling in the NQs, the NQs are going to drag the S&Ps into lower price. Now the NQs had a high out here today of $74.53. Wow, yeah $74.53, that's right, $74.21, that makes sense. Now the Qs, $73.90 is game, what's really game out here, I kind of pictured going that low is $73.66, but that's game. So we'll see where this shakes out in the next few minutes, next 60 minutes or so. Gold contract, what do we have at gold, bottom line gold contract is pushing the swing, has volume behind the move, 310,000 contracts out here today, got to a price point of $13.52, it's gunning for this $13.63, which is the high from the 20th of February. It has volume behind the move, it has price behind the move, we go take a look at the GDX, what you have with the GDX when we put this on a weekly basis, you're going to see that you're barreling into the swing high and this is the way you'd like to go into swing points, if you want to have the probability that you're going to break the swing point. The GDX already this week has done 242 million shares, you are coming into that swing point that had 248 million. So by the time we finish this out, you'll see some volume put in the GDX, we're going to have higher volume as we go into that swing point. Silver, let's go take a look at the silver market. Silver also caught the bid this week, went higher today, had the volume behind the move, did what it had to do, you get volume out here of 96,000 contracts, you get over the highs of Wednesday where we had 132,000 contracts, that's saying the silver market wants to run up to $16.32. Oil, let's go take a look at the oil market. So the oil market caught a bid out here off the lows with what? Zero volume folks, bottom line oil market doing a dead cat bounce, you're down from a price point of $66, hit a low out here on Tuesday of $50, you're at $54 right now, anemic volume, you get volume out here of 770,000 contracts. Well, that's going into a million contracts. Yeah, you can get a little bit higher, but the bottom line is not much juice behind that oil market. Notes and bonds, higher price, lower yield. We're going to take a look at the note and bond market, what you have out here, it's just the, they're relentless and they don't want to stop. Ten year, 1.6 million contracts out here today, dipped over the high, the high that we dipped over had 2.7 million, you know, so we're still in the building cause area for the next leg up in the marketplace. When you take a look at the yield, yield's pretty amazing actually. We got to 2.07 today. And if we do take a look at this 10 year, and you happen to be watching Target TV, what you're going to see is that your first price projection out here inside the yield was 2.01, and the 2.01 where I was getting that is, that was the swing point that was established out here in September of 2016. What you're going to see now is that you're barreling into that with volume, that puts game on for 1.71. And as I said a little bit earlier in the week, the way the TLT is trading, it looks to me that what we're actually going to get is you're going to go all the way down to the 1.38 all-time lows. Because what you have had happen inside the TLT is that the TLT is taking out its consolidation. That consolidation has been in place going all the way back to 2012. The high of the TLT is out here is at 1.43. You're at 1.31. And that's saying the good ol' TLT wants to run up to that 1.33 price area. Stay right there folks. Good night, ma'am. Mr. Basil Chapman coming back, rallying a problem with us. Dow Industrial's up 2.97. Nasik up 130. S&P's up 32. Come right back.