 is a presentation of Tee. 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. Let's go to Alan Tamp. Hey, Al, what's going on? Oh, it's a beautiful thing. I mean, if your listeners don't get the gold report, they're missing out. I mean, with your gold report, you just print in money. I love it. You're my best dad out there, Al. Let's go to Jeff in New Jersey. Hey, Jeff, what's going on? Great. Hey, listen, I was calling to thank you. A few weeks ago, you were prompting on your show to fill out that $10,000 grant. Yes. So I filled it out, and just a couple days ago, I found $1,000 in my business checking account. That's awesome, man. That's awesome, yeah. And I owe it to you, because if it wasn't for your prompting, I would have just assumed, you know, no way I would have gotten anything, so I wanted to thank you. No, we appreciate you growling a problem with us here. Now, Tom O'Brien. Welcome, folks. This is Tom O'Brien of TFNN. We go 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 night, folks. Accept your own beauty. You are beautiful no matter what your mind tells you. That is a fact. If you are aware of your own beauty, accept your own beauty. The opinions of others don't affect you at all. Not good-wise. Let's take a look at it out here. We have the Dow Industries down 249. NASDAQ's up 31. S&P's off nine and a half. Gold. Gold contract down $16.90. Trading out at 20.20 an ounce. We have Silver down $1.27. $24.38 an ounce. Lights we crewed down to buck 63. $70.93 a barrel. Notes and bonds. A 10-year note. Up for ticks. Trading $1.16.01. The 30-year up 27. At $131.17, a king dollar. King dollar's up 586. Trading $102.057. The euros at 109. The yen is at 134. And the British pound is at 125 to one US dollar. Our phone number's 877. 927.6648. Give us a call, folks. We want to know what's going on in your world. And the world of the S&P's, let's take a look at it. We have some heavy divergence, folks, and this is what it is. You get the S&P's have been going all over the place, but yet the dollar's up 570 ticks and it's not affecting the S&P because when the dollar goes 570 ticks, the bottom line is that, yeah, we've had to spread and the S&P out here today of 47 points from the highest to the lowest. You're still only down seven and that's not bad from where we are, but what ends up happening, the divergence comes in the aspect that the dollar is getting some breath behind it. So if we take a look at this, if we take a look at the spy first off, we put this on a daily first. You get an inside day right now and there's a big contraction going on. Yesterday we had some volume. Yesterday we had, that was banging out 96 million. You're only at 49 million today. If we go into the gold, you're gonna see that the dollar's taken the gold south, bottom line, you take a look at this gold, you're going down with 270,000 contracts. It's going into 280, so that's a big downdraft. There's no doubt about it. You're down 17 bucks right now. I suspect the bottom of this trading range that we're in in gold, well, first off, gold is a confirmed ABC structure up. That being said, bottom line, you're now in a complex ABC structure up because you got below the B point once again, so it means you can go to the bottom of the consolidation which runs out there at about 1900. We go take a look at the cues, because the cues what the cues did yesterday, the cues took its swing point out, took it out with volume. Big volume out here yesterday. You know, it's you get a small ABC up actually, okay? You know, you have a contraction out here today, but guess what, the cues still want higher price. That's how I read this, okay? Took a swing point out, you took it out with volume, that's say it wants higher price. Now, this is where it gets really deviant, because if we go over to the dollar, well, actually, let's look at oil first because the King dollar here is also taking oil south. With King dollar going higher, it'll take every commodity south. And this move to me looks like this time, it looks like it's gonna run to that 106 when we get to it for a second. So you have the oil contract down to buck 63, that's straight in 325,000 contracts. So we look at that, that's not a really expansion of volume yet, okay? But the bottom line is that when you take a look at this, oil hardly bounced at all. In fact, well, no it didn't, it bounced to a .50 of the leg down, you know? Because we had got into that 63 dollar area, right now you're at 70. Now, if we get over to the dollar and take a look at the dollar, you're gonna see the expansion on the dollar. So you can see the dollar out here today, the low was 101.304. You're at, we went to a high of 102.153, and right now the dollar is hanging tough, man. You know, you're hanging tough up there. So what you can see, if we go all the way back to January, that's when the dollar made that low of 100.62. That's one low, the next low came in in April, that was a high of low, the next one came in at the end of April, which is a high of low, the next one came in in May, which was a high of low. And if this is it, if this is gonna go back to that 106 bottom line, what should happen is that you're gonna get more selling pressure inside the S&P. And we'll see how that shakes out because this S&P today, I mean, you talk about, check this out, man, I mean, this is about as volatile as you can get. And this does happen, we're in a consolidation folks, okay? And no doubt it's gonna break one way or the other. And this is how consolidations do trade. That's the bottom line. Now, that being said, I suspect 20 minutes ago, that bar is a high volume bar when we got to that, we're at 41.44 right now, that 41.46 is gonna get tested again because you did have an expansion of volume up there. Now we'll see if the test is lighter volume, the test is lighter volume, it's gonna send it right back downtown. So, little tricky out here, but bottom line, it is what it is. We gotta take a look at some of the high of, oh, no, let's go to the bond market because notes and bonds want higher price, lower yield. It's pretty wild, man. I mean, you take a look at this, it did 1.5 million contracts out here in the 10, you're getting closer and closer to the highs. Right now you're at the 1.1607, the highs come in at approximately 1.17. And we've been up here one, two, three, four, five times. And this will be the sixth time back in the last six months. So, if you break that, then you get a monster ABC structure on the way up. And if we look at the rate structure, right now you're at 3.3, and the high has been four. So, we're off 7.1%, which is a huge move in the context of where we've been. Stay right there, folks, to come back with our man, Mr. Tim Ord. We're gonna be slicing and dicing these markets up. Right now, we have the Dow Industrials down 2.42. NASDAQ is up 38, S&Ps are off seven. We have the gold market getting hit down here. We're down 16 bucks. You get Silver off a buck, 26, Platinum's off 16. We're gonna be right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex Report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex Report, you also gain instant access to Teddy's 60-minute webinar archive he just hosted, forex strategies, and fundamentals what is behind the Tiger Forex Report. For all the details and to start your 30-day Tiger Forex Report subscription today, visit the front page of TFNN.com, TFNN Educating Investors. 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. TFNN.com, educating investors. At 1-877-927-6648, internationally, at 727-873-7618. Welcome back, folks, Dow. Dow investors right now trading down 275. We get the Nasdaq up 24, S&Ps are up 12. Let's get over to our man, Mr. Tim Ord, as we do each and every Thursday at 20 past the hour. You can reach Tim Ord at oord-oracle, O-R-C-L-E.com. That's oord-oracle.com and Tim's gonna be doing a workshop for all of us at TFNN quite soon, okay? That's the bottom line. So we'll get this baby going. Tim Ord, what's going on? All right, well, thanks for having me on again. So, yeah, I'm putting a seminar together. So I'm more than halfway done, so. Nice. So we gotta pick a date sometime here fairly soon. And we will do that. That's a beautiful thing. I love it. Because Tim has a lot of great tools, folks, that he's willing to share. So we're gonna get our heads wrapped around this. Right. Okay, actually, start here. We're gonna, one of these charts we showed last week and I'm gonna put that chart out first with the chart number one, then we're gonna go to chart number two. Okay. And the only reason why I'm doing this combination, there are two different charts that they show two different types of indicators, but they come out and give you approximately a timeframe and a high price. In other words, it'll give you approximately where the time will be and approximately where the price will be. So you'll have price and time. Nice. 22 indicators are combined. So anyhow. Okay, so I have the first shot up. Well, actually, hold it. Tell me what the first shot is you want. All right. The first chart is that monthly silver-gold ratio with the chart number one. Okay, I have that. That's what, I have it. That's the XAU, the ratio at lows, right? Is that the one? Well, the middle chart is silver-gold ratio. Okay, one second. Let me see. I have them all right in front of me. I just forget what I did. Yeah, I have it. Okay, good. That's the first one I have, yes. Right, yeah, okay. This chart goes back to 1984. Yep. And I got three different indicators on it. And the top chart is the XAU. Right. So this is a monthly chart. Okay. It looks at the bigger time frames. They don't give many signals, but the signals they do give are usually really accurate. And so you always start with the bigger time frames and work backwards. Yes. So anyhow, this chart goes back to 1998, 1994. I have three indicators. The bottom one is a percent B. All that does, the percent B basically tells you where that index is in relation to the Bollinger band. So if it's below zero, it's hitting a lower Bollinger band. Is that 50? Is that the mid-Bollinger band? And it hits above one. Is that the upper Bollinger band? So that's what percent B is. Next one up, second up from the bottom is the rate of change. And that's just a 12-day average rate of change. So it may be the acceleration of that index you're monitoring. Yes. So the faster it goes, the more you'll get to extremes. And that's what you were trying to define and RSI is kind of a momentum indicator too. So anyhow, I circled in red, the signals that were triggered. You only need two of the three. You can have all three, but if you only have one, you don't have a signal. So, and those blue dotted lines up and down when those signals occurred. And going back to, it looks like in 1986 there was a signal and that was triggered when the monthly gold silver triggered the percent B, ROC and actually RSI. So that was a bi-signal. Then that index or silver-gold ratio went up and the XAU went up 130%. And here's why we're really want to point out, I got a red line drawn all the way across from 1984 to the current time frame on the bottom of the silver-gold ratio. Right. And I just want to point out that that's historically cheap when that ratio gets that cheap, you're usually at some significant low and it happened in 1920 or 2020 and happened again in 2022 probably or actually 2022 of August. Okay. It was unusually cheap to get that low. So I wanted to point that out, but anyhow, I went through and labeled all the appreciation when those signals were triggered on the monthly gold-silver ratio, the least one was 95% and the most percent gain was 383%. That's pretty cool, man, yeah. This signal was triggered was in August of last year. So, and so if you take the minimum, which is basically 100% because there's only one below 100%, that would give a projection on the XAU up around 200 because it was around approximately 100 back in August of last year. Right, and we're trading 133 right now, folks. That's 70 more XAU points, yeah, which is awesome. And remember, folks, this program's archived so you can get this program. If you happen to be driving in your car or whatever, you can see the visuals, you know, tonight on your program. Okay, Tim, go ahead, sorry. That's fine. So anyhow, so that gives 100% gains. So let's now flip to the second chart. Okay. On the XAU say 100, probably more, but at least 100. Yeah, okay, I have the second shot up. Yeah, so this chart, the bottom window is the 18 day average of the advanced decline percent for GDX. Okay. And the second window up is the 18 day average of the up-down volume percent. Yes. And every time these both of these indicators get above 40, which are identified with red lines, you know, a vertical line. I see them, yep. And I call those surge patterns. Okay. So even though they got really overbought, there's kind of like an initiation of an up-trans what it is. I see. And so it's not the end of the move, it's really kind of an explosion of a move. And the last time we had it was October of 2021. It kind of went sideways for a while and kind of exploded up into, looks like about early 2022. And we just had one here in April, actually April 4th. I got them labeled there April 4th. We had the bottom window was 45.98 and the other one was 42.36 on April 4th. So then I labeled the times how long those rallies lasted. Okay. And they lasted anywhere from at minimum six months to minimum three months to six months. And several more around four or five months. So I kind of took the average of those two and I call it four or five months out. So they were triggered April 4th. So you expect a high time-wise around August to September timeframe of this year. Won't be the final high, but it'll be the high of this surge pattern. So, and the surge pattern will be kind of still straight up, even though we've been going sideways here for a week or two. You know, we haven't reached the level yet. Right, it looks like a little consolidation we have right now, right, right. Yeah, Tim, just stay there for a second. Okay, we're gonna have a quick break and bring you right back, okay? Okay. So right now folks is down 266. We got the NASDAQ up 27, SAP's are down 10. Stay right there, man. It's Mr. Tim Moore, it's gonna be coming back and we're gonna be slicing and dicing right now the GDX. We just did the XAU. We'll come right back, folks. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. 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 ticking 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 has just launched their new trading room, 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 and now they are expanding their reach with the Tiger's Den, available to all tigers and tigers for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tigers as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. So it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of 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. Now, now it's down at 269, now it's except 25, S&Ps are off 10. Good, I'm at Mr. Tim Ortt. He is bisecting and dissecting the GDXFress right now. Okay, Tim, we're ready. All right, so this is in a surge pattern and it's supposed to last another four or five months according to history of this type of signal. Yes. So it gives you a high around the August, September timeframe. Now if you go back to chart one. We had a rise in all these signals on this monthly silver gold ratio gave at least 100, well, all but one, at least 100% rise from this signal. Right. So the signal was last August and if you remember GAN, you always, the anniversaries of highs and lows were as important. Yes. Well, this is starting to point that, August it could be important to high or a point in date because a year ago it was a important low. Nice. GDXFress, that was round 22. But if you go back to chart one again, you know, I'm predicting according to this indicator, you should go at least 100 points from the low. Well, 100 points or 100% from this low in August. So August of last year, GDX is around 22. So if you take 100% just like the XAU, you add that on and you come up with 44. You may see 44 sometime in August or September of this year and that's also August. Again, the anniversary date of its previous low. So I'm thinking August could be important high, not a long-term high, but some sort of a timeout where you may consolidate for a period of time. Now that will get interesting because the next swing we have is 41 and then after that, oh look at the note, it's a beautiful swing at 45. Okay, one second, hold on, let's put this up. Okay, here, I'm just gonna put this over here for a second, yeah, this is cool, Tim, okay. So I get the GDX up here. So let's see what this swing is. Oh, this is pretty cool. Well, yeah, 45 is the swing from, that's way up there, man, of 2020, which is cool. Right, right, okay. That's where we're heading. Yeah, okay, nice. And it should get to the other indicators. When we get down the road, maybe a month or so from now. Yes. We'll start and look at the type of signals that will indicate that we may be entering close to a high. So we don't need to worry about it right now. This, according to GDX, is actually still cheap. If we get to 44, you know, I'm just saying 100% Oh, no, no, I'm with you. That's a good thing. Exactly, I get it, trust me. I don't know. Right. But I'm thinking August is gonna be an important timeframe, and we're up around 45 or higher. You know, we might be looking out for that. So anyhow, that's my projection. August high, maybe September. Nice. Probably 44 or better. Okay. You wanna go to a couple other charts here? Yeah, I got the third one up right now. Okay, this is, you know, cops always been tough. Right. And, you know, things are good, how long we can stay good, but what I found over the years is always a worrisome sign when the SP is going up and the VIX is going up with it. Yes. So when VIX goes up, it's a worrisome sign. So anyhow, this last top we had in 2000, or yeah, late 2021, early 2022, you notice that green shaded area. Yes. SPX was making higher highs and the 5D average, which is the bottom window of the SPX VIX ratio was making lower highs. Okay. And so that was a warning sign that the VIX, I put it in a ratio because it just works out better. It kind of follows what the, as you can see is divergence better. Yes. This is a weekly timeframe, not a daily timeframe. Right. So this divergence started to happen back in, in the, you know, November, December timeframe. And finally January, you would hit a new high and that ratio didn't come close to the new high. Now flip back to the next chart, chart four. Okay. We have it. And the only reason why I'm bringing up is just, it's more food for thought to go back in time, which I did all the way back to 1990, whatever. But anyhow, you can see in 2020, same thing happened. You're, you're hitting new highs on the S&Ps early 2020. And the ratio is going right, you know, straight down. Yes. So that was a huge divergence. So now let's go back to point three graph three again. I have it. And okay. Now we're looking where we are right now. Okay. If you notice the, this is a weekly chart of the S&Ps right now are testing the, well, it looks like about January highs. That's for you. If you go down to the ratio, the ratio is making higher highs than the January highs. How cool is that? Okay. Yeah. So that's a positive divergence. Right. If the S&Ps were, were kind of flat and that ratio is starting to make the lower highs, you have to worry, but that's not what happened here. This ratio suggests you're going to break above the current highs, which is, I got around 4,200 there, 4,100 on the SPX. And the VIX is actually holding strong as hanging around 17 or lower or in that vicinity. And or the S&Ps are kind of holding against this previous highs. So I'm thinking, as of last week, even though we haven't moved, we haven't really moved at all since our last show last Friday or last Thursday, my opinion, we're going to break above this 4,100, 4,200 and probably head back to the old highs of 4,700. And the five week SPX VIX ratio suggests that to be true, I guess, that ratio is making higher highs where the S&Ps so far hasn't. So it's just the reverse of what we're having back in January of 2022, where the S&Ps are making higher highs and the SPX VIX ratio is making lower highs. Here we have the opposite. S&Ps are kind of matching a previous high, but the ratio is breaking out above this previous high. Yes, and I'm going to bring over a child of what you're talking about, Tim. And it is amazing. If we take a look at this, we've been in the same consolidation for almost a year and a half. So the bottom line is that even you can see, we're going to have a break, folks. And if you do watch the market intraday, you can see like even today, Tim, right? The spread on the S&P is pretty incredible right now. And I know that that's what happens with consolidations, right? I mean, if we take a look at the E-minis out here today, you know, we've had, I mean, right now, you're down 10 points or something. But the bottom line is that we were at, we're at 18 points off the low, and we're, you know, we're at 14 points off the high. You know, so that's a straight out consolidation. So, you know, I can, I love the setup that you're giving us, man. I mean, it's pretty intense. No doubt, man. Yeah, we're not, we're not backing away from the highs either. You know, we've been out here, you know, went to almost a month at this level. This is on a weekly charge, it's not like intraday stuff. Yes. And we're not backing away from the highs. So we're eating, my opinion, we're eating a supply up here. Yeah. Where we're selling, there's buyers stepping in. So we're going to see some energy pop up here pretty quick, probably, you know, this month yet. It'll probably be to the upside. I like it. And listen, folks, every Thursday, Tim's on, you know, bottom line, the second and third segment. Great work, Tim. Remember, folks, that this is archived. You can get it. Tim's going to be doing a workshop so you can understand how these tools work because they're phenomenal tools. Tim, thanks so much. You have a great one safe one. We look forward to speaking to next week. All right, thank you. Awesome. Sarah there, folks, come right back. Market and rocket equities and options report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for rocket equities and options report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. 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. 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 Industries right now are down at 273. Nasdaq's up 10, SAPs are down 14. You know, folks, remember this program's archive because the first time, Tim and I, let's see, 94. I think the first time we were together is 96. 1996, I mean he stayed at my house at everything. We did a lot of business together. We traded together for a long period of time. He has great tools, man. Those ratios, you want to go over those ratios. He does ratios quite a bit. The ratios are pretty cool. You just saw, got to see those. Check it out, you can look at the archive as many times as you want. Tim is going to be doing a workshop for us in the near future. So check this one out. Now, this is intriguing. Now, this is not Kathy Wood, but it is Kathy Wood is owed money from this firm. So this is intriguing. Let me just read this here for a second. So Ontario's security watchdog suspended the registration of Emerge Canada, an investment firm known for selling Toronto-based versions of Kathy Wood's popular exchange traded funds. The Ontario security commission said the firm had failed to comply with the capital requirements since at least September in order to wind down or find another company to take over its activities. Emerge Canada is banned from being an investment fund manager, portfolio manager, according to the order from the Director of Compliance. Emerge has been unable to file audited financial statements for 2022 after its audit are quit. In April, the regulator hit the investment firm with trading bands on 11 of its funds, including ARC investment managers. Emerge owes ARC $4.1 million American according to the regulatory filing. And it can't pay unless it receives millions of dollars it's owed from Emerge Capital Management, a US affiliate. You know, I don't quite get it. But I think what this is saying is that, let me see this. So they must sell, they must sell her funds up there. She probably set them up. But it doesn't, she's not a pod owner of this. This is a whole different firm. But for distribution of her funds, you know, and I suspect what this is, folks, this is, I mean, to go, if this was in the USA, what would end up happening is that just like the capital requirements, there's capital requirements that aren't every day. There's no, if this wouldn't happen in the USA, I can tell you that. And the USA, if they're under capitalized, they close that day. It wouldn't go back to September. I can tell you that right now. But anyway, and I suspect what that's all about is that because the funds themselves have got hit so dramatically, they have a hard time probably making money in them on the funds themselves. And the amount of money that's owed is more than likely a percentage of whatever the deal that securities company has with ARC, you know? If you do go, if we go over to ARC, so check this out. This, this, let me see, um, oh, whoops, one second, I'm going to find this because what did happen is that she came in heavy yesterday to Pelleteer. Now, this is the first time that if this was the first get-go, it's better than buying the highs and tell you that. But she, she put $45 million to work yesterday and that's why you saw Pelleteer. What is that? OK, PLTRA. Let's do this, PLTRA. So now she's claiming, Planteer, Planteer, not Pelleteer, Planteer. She's claiming that she's into this now and you can see, you can see the move and the move in a few days, it's what, $7 to $9. She's looking at this as an AI firm. Now, the thing that's intriguing about this is that as far as I know right now, this is not an AI firm, OK? What this is, let's see what they say here. The company office solutions support many kinds of data, including structured, unstructured, you know, and they say and they have customers worldwide. But let me pull this up here because this is what I want to show you. All their contracts, there was a great, on Tuesday, there was a huge technology conference at Google. But all these big technology nerds were out there and they were getting interviewed. And this equity actually happened to come up. Now it was so cool about this, you can see that this equity hasn't been growing a lot. I mean, the bottom line is that, well, actually, the numbers down the bottom don't match it. They did $1.98 billion last year, $2.2 billion this year. So my understanding, after listening to this, it was about a half hour show, was that this company here works for governments, OK? You can see the United States is 57%, no, is $1.2 billion of their revenue. So that is half their revenue. The rest of the world, yeah, they work for governments, OK? Now they only have about, I think they said, 27 clients, but no more than 50 clients. Now the problem is that in the software business, right? You do the software and you scale it up. Now I guess the good side is that, yeah, when you get green checks off the government, the bottom line is that, yes, you're going to grow on the government. The bad side of that is that, guess what? Each one of those operations that they do is a special operation, so it's not like a piece of software that they can scale in general. And as this techno person was explaining, that's not a good business model because there's specialized softwares for each part of the governments. So for her to say that this is an A ideal, I don't know where she's getting it. That's the bottom line. I suspect what she might be doing is that that's part hype. Because what she did do, and this is intriguing. I wish I was at this little promotion she was doing. She was doing a promotion right down the street from a great little restaurant, The Birchwood. And what she was basically saying is that she was using, she was coming out saying that, yes, it's been a bad this and a bad that. And then she was bringing up the aspect that, hey, but you know what, remember Amazon? And it was one of these very subtle deals like, I can't say she was making like she owned Amazon, but she was making like she did. That's the real bottom line. It was very close. That was one of these deals that, yeah, you had it and then all of a sudden it went up this much. So it was kind of, it was kind of shaky. That's the real bottom line. So, and I mean, it doesn't look to me like that company is an AI company. Dow, Dow Industries right now, Dow 266, Nasdaq's up 12, S&P's up 13. Stay right there folks, come right back. 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. 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 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. 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 to Dow. Dow industry's down 256, Nasdaq's up 15, S&Ps are off 11. Let's go inside that Dow and see what's moving that Dow. The Dow yesterday and today. I mean, there's big movements out here inside the Dow. There's no doubt about it. So today we do have down movements on Disney. Disney's the number out here. That's down, putting negative 58 points. You have Honeywell putting 22, Caterpillar putting 12, 21 rather. Positive Boeing 5, Walmart 3. Now, if we get over to Disney, Disney came out with the numbers last night, bottom line, streaming numbers weren't there. You get a gap down. If we take a look at Disney, put this on a monthly, we're getting close to that high volume low, man. That's out there. What is that number? That number's 70, 77 bucks. It's been into that much bar for quite some time. You build the consolidation in there, but this is actually today. Let's see, no, I gotta put it on a weekly. Let me put this on a weekly. Let's see what kind of a jump we have. Okay, you gotta jump, but not as much as, oh, I see what it's gonna do. Oh, this is cool. Watch this, you wanna watch this hoax, okay? Because what it's gonna try to do, see the last time it got to 86, it rejected it with tremendous light of volume, man. So this very well could get another rejection because this is actually, if you're into candlestick charting, this is actually a lost engulfing. A lost engulfing, I know it isn't, no, because of the gap down, it isn't. It's a lost engulfing on a weekly, I bet, though. Let me see this for a second. Yeah, on a weekly, it's gonna be a lost engulfing. What a lost engulfing is, is that it starts at the highs, gets to the lows, engulfs all the candles, looks terrible, but yet, that's how lows get established. And then, if you're checking this out, check out the November bar, because the November bar, it looks like we're about four points away from where it could go, but that might be it. Always remember, folks, the bank and claw your heart out, the bull can run you over, and thank God, there's always another trade. Health app is in prosperity. Have a great night, a safe night, folks. Come back and visit Tommy tomorrow morning. Kicks us off at 9 a.m., great show, folks. Real, look at him, folks.