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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 a great night, folks. Don't take anything personally. Transform your life. When you refuse to take things personally, you avoid many upsets in your life. It's your feeling of anger, jealousy, and even sadness will simply disappear if you don't take them personally, which is pretty tough sometimes. Mock it wise. Let's take a look at it out here. We have the Dow Industries up 110. Nasdaq down 134. S&P's off 12 and a half. Gold. Gold contract down $23.10. Trading hit $19.58 an ounce. We have silver down 10 cents. $23.56 an ounce. Light sweet crude up 71 cents. $72.45 a barrel. Notes and bonds. A 10-year note. Down 18 ticks. Trading 1307. The 30-year-off full point plus 12 ticks. Add 126.17 and King Dollar. King Dollar trading down 39 ticks. Made its way back. Rejected lower price. We're at 104.086. The euro is at 107. The yen's at 140 and the British pound is at 124 to one US dollar. Our phone number's 877. 927.6648. Give us a call, folks. One note's going on in your world. And the world of the S&P's, let's take a look at them. What do we have? Well, we'll get over to the S&P. First, we'll look at the spy. Whoops, there we go. OK, so hide the law on the spy out here today. We had a high of 429, a low of 426. We're at 426 right now. So we didn't take out the high. You had light volume. This is still sideways move. Intra-day. Now, we take a look at this intra-day. What you're going to see, we had a little volatility intra-day, which is pretty sweet. Intra-day, what we had out here. Bottom line, we got up to, let's see, did it hit the? We hit 4304. Yeah, let's check this out. This is amazing, actually. So the high on Monday was 4305. We hit 4304.75, and they sold it off. That being said, let's just take a look at, you don't have a high volume low here. See, that's saying, OK, the bottom line, yeah, this will bounce around a little, but you don't have a lot of selling down here. Now, NDX100 is a different ballgame. We take a look at the cues. What do you have with the cues? You have two different things going on with the cues. We're talking about the aspect that these price spreads are getting so small, which they were, and the volume was contracting. Now you get an expansion of volume, 51 million. That being said, however, you're still going into 72. Now, it's possible we do that 72. We'll see how that shakes out. With us, finally, we had made a high with 47. You can see what's happening there. So that's pulling back, and it has volume in the pullback. We go intraday and take a look at the NQs. We pull this up. Now, this does have a high volume low at $14,339. So that's the low. So this low is going to get tested, men. You get, that's how many contracts we get there. You get 15,000 contracts, 15,890 contracts. So that wants to get tested. We'll see what's going to break that apart, but that's going to get tested. We go into the note and bond market, folks. Note and bond market out here. You had the 10-year note, trade down to $113.01. Right now, you're trading $113.08. And you're trading into, I believe it's Monday. Let me see if it's Monday. No, no, it's last week. And you are trading into that with lighter volume. We're trading, we have 1.3 million contracts, trading into 2 million contracts. The low there was $112.29. We hit $113.00. So my take is that we're still going higher price, lower yield. Let's go look at the 30-year, the 30-year, 30-year always moves a lot more than the 10s. No doubt about that, that's just how it goes. Let me see if I get this right. Hey, there we go. We take a look at the 30-year. 30-year has 258,000 contracts. This is going to be going into a monster number, though. I can just tell by looking at it, yeah. And you're going to 404. So bottom line, now the 30-year hasn't rejected lower price yet, but bottom line, that's lower price, lighter volume, and the 10 has rejected price, lower price, the 30 hasn't done it yet. And Kingdoll, if we look at Kingdoll, if you see when this turn was happening in the marketplace, what you did have is that we had the Kingdoll trading down at the 103.661. That baby turned, when that baby started turning, which was like 10 o'clock this morning, market, bottom line, didn't like it. Right now, we had the low of 103.661, and we're at 104.095. We go to the gold contract. Gold contract, now this is really intriguing, because, and this was a heads up this morning, folks. When the dollar was down about 600, I think 500 ticks, okay? The gold contract wasn't moving. That was a heads up. The gold contract, I believe, was up $3, okay? That's a heads up. This is building cause my take for lower price. We have a confirmed ABC structure down to the 1902 level. I suspect that's where it's going. Let's see what we're going against right now. So we've done 180,000 contracts here. They're going against, well, it's gonna have to do a lot more than that, because we're going against 264. That last low is 264. Now, what would be cool is if we would go hit that number, but it's not gonna hit that number right now. That number's another $9 lower. So it's always dangerous then. It closes at lows, then it opens up. It's easier to get out $10 in the gold market, that's for sure, but that's the way that that, hey, baby is set up. We look at some of the higher volume equities out here today. We have, well, actually, let's go into the MDX100 first, because that's the one that's not getting hit this morning. And as usual, where the MDX goes, the market goes. You had winners out here. You had Warner Brothers was up 8.5%. Microchip Technologies up 4.5%, Serious Satellite up 3%. Taken away from it, Datadog was down 7.5%. Lucent, the car company was down 6.5%. Zscaler was off 5.5, and Tourt was off 5.1. So let's go see MVOL and E. What do we got here? Volume-wise, you're at 5.28 on the NYSE right now, and if we take a look at the composite, you're at 4.1. The composite's gonna do some volume. We're at 4.1 right now. Composite's gonna do over 5 billion. Stay right there, folks, come right back. We have the Dow Industries down 151 Nasdaqs, up 100 S&Ps are down 15. Stay right there, folks, come right back. We have exciting news, Tigers. This June, Tim Ord of the Ord Oracle will be hosting two webinars, providing insight into his renowned market timing methodologies. On June 8th, Tim will delve into the S&P 500, teaching sentiment indicators, identifying market bottoms and divergence, and so much more. On June 15th, Tim pivots to the gold market, taking a look at cycle analysis, ratio studies, advanced decline indicators, and other important tools for analyzing this sector. Sign up today on TFNN.com. TFNN, educating investors. 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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. 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Free at 1-877-927-6648, internationally at 727-873-7618. Welcome back folks of Dow. Dow and just so straighten up 108, we get the asset down 149, that S&Ps are off 13. Let's get over to our man, Mr. Tim Ord. And tomorrow folks, okay, our man, Mr. Tim Ord is gonna be doing these workshops for us. The first one is gonna be on the S&P. This is gonna start at four in the afternoon, go to six, it's gonna be two hours, the first hour and a half, he's gonna be teaching all his different indicators and the next half hour is going to be questions and answers. So come on over to our website, you can sign up right now. The archive, the live workshop is $295. It will be on your page for as long as you want to go over it and this is something that you will want to go over folks because the bottom line is that these are very unique, I'm losing it, man, I love it. They're very, very unique indicators that he uses and yes, they're in the marketplace, but the bottom line, they're not used as our man, Mr. Tim Ord uses them. Tim Ord, what's going on? Well, thanks for having me on again. Absolutely. Actually, just to let you know, we're up over so far, we're not even quite halfway through the year yet, but we're up over, well, as of yesterday's close, that was up 10.27%, 10 point, so we'll go over 10% so far this year. So if that record would continue, you know, I'd like to hit 20, we'll see, but anyhow, turn one. And that's pretty, that's literally, you know, climbing the wall, don't worry, isn't it? Yeah, it is. And a lot of people, you know, kind of been, you know, fighting this rally. And there's really no need to, and actually there is a good indicator to kind of figure out if the market's kind of climbing that wall of worry, I guess, when the market doesn't have a wall of worry and there is no fear in the market, that's usually when things can turn ugly in a hurry, but the VIX kind of keeps you in the trend of the market usually when VIX is above 17, you can have a kind of a wishy-washy market, a trading market like we had over the last, this last May, the market went up, went down, went up, went down, filling a trading range. And finally now, we're below 17 on the VIX. Yes, I have you charred up, Tim. Pardon? I also have you charred up. Okay, sure. Anyhow, chart number one, if you look at the bottom of the page there, that reason I put the monthlys up, is you can go back further in time, this chart goes back to 2016 or end of 15 anyhow. I tried to point out when the trend is below 17, you get a trending market. If you notice in 2016 and 2017, in general, that trend from a monthly timeframe stayed below 17, and the market virtually went straight up for 10 years. I mean, very little correction going on and I identified that as a kind of pink area at the bottom there. I see it now. Yeah, the VIX right now was a couple of hours ago, but it's 14, it's around 14 right now. And we're starting to get into that minus or a 17 and below area. And we stay in there, there's a good chance we can probably trend again. Because the market goes through stages, it goes through a trading range, builds a cause for the next move, the next cause for the next move is a trending market. And we had a trading range over a year, basically from last May to this May, the market really didn't do anything, but it goes sideways. And now we should enter into a trending mode and identify that trending mode is a consistent reading below 17 on the VIX. So long as below 17 chances are, the market's going to just head higher. Not every day is going to be an update, but in general, the market's going to work higher. And the VIX will start going up before the top actually happens. And we can discuss that on the next chart if you want. Okay, and you know what I just did to him too, I put the VIX chart up and you can see the dramatic break. I mean, the last three weeks, we just went from 2081 to 1389, which is pretty amazing. Yeah, okay. And it's still trending down. So long as that VIX is below 17 or even trending down. Now, I think today, we hit a two and a half year low in the VIX. Okay. So this market's probably just going to keep marching higher back up to the old highs at a minimum. But you know, flip to the next chart. I have it. And the bottom window is the SPX VIX ratio. The way reason I do that ratio, if you put the VIX in any out, if you just put the VIX, it'll be just inverse of this chart you see below. But if you put the SPX VIX ratio with it, then it inverts it up. So it makes it easier to read, you can see where the divergence happens. Yes. If you look in 2018, you know, the VIX went right down really hard right before the top, if you can kind of see it there. Yeah. If you look in the 2020, that's kind of the pink area I pointed out there. I see those two pink areas, yes. Yeah. Anyhow, if you notice that the SPX are making higher highs and the VIX ratio made lower highs, same thing happened in 2021, going into January 2022, the market made higher highs and that VIX ratio made lower highs. So VIX goes up for the market tops out. And right now we've got VIX going straight up along with the market. So that's a bullish inverse. That's kind of the VIX leaves the S&Ps. So as long as the VIX is going down and the SP's are going up, everything's fine. If the VIX is going up and the S&P is going up, then that's when trouble can happen. It can happen like a day or two but if it starts showing a divergence over like a week timeframe. Okay. Then the market's heading for trouble. So this should identify wherever this next top comes in, which my opinion could be substantially higher is when both the VIX and the SPX is going up. And the most likely place that could happen is probably back at the January 2022 highs up around that 470 area. I don't know if that could be a double top or not. I don't know. We may pass right through it. It's too soon to say what's going to happen there but that'd be the minimum upside target. So but again, the SP's go up and the VIX goes up. If that happens on a weekly timeframe, then you're probably looking at any minute term top, at least a top that you want to think about shorting. And folks, if you want to understand these great ratios, the different tools that Tim uses after all these years, because I'm sure one of these days, Tim, I want to talk to you on the air for about a half hour because I know how long and how many charts you have to look at in order to get to this conclusion, which is really cool, man. And folks, the bottom line is that you're going to get Tim's experience of the last 40 to 50 years and he's only 25. We wish. 25, 25. I know, man. Come on over to our website folks this tomorrow afternoon, four to six. If you can't make it live folks, it's going to be our time so you can check it out. Tim, have a great one safe one to look for the workshop tomorrow. All right, thank you. Thank you. 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 and 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 has just launched their new trading room, the Tiger's Inn. 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 Inn, available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Inn, 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 Tigresses 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 Inn 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. Dow down just just right now at 1.15, NASDAQ's down 1.49, SAPs are off 12 and a half. And you know, it's great that we got that debt ceiling down and it almost looks like that we might've been luckier than we probably thought because you got Speaker McCarthy out here today. His quote was that he was blindsided. Now he's trying to put a bill through and his own house. And let's see what this did. A blockade against legislation by House Republican hard line is dragged on for the second day, Wednesday on the score and a riff with the House Speaker, Kevin McCarthy, following his backing of a compromise to avert the U.S. default. Tuesday, check this out. This is the first time, this is not even about the vote, whether it's good or bad, folks. So check this out, what this is about. Tuesday, Mark, the first time in more than 20 years, a speaker has been unable to muster the votes for a procedural step to begin debate on a vote. It's like pretty wild, man. You know, it's interesting about this, is that when I remember when Baina, first Baina, you know, quit, then, who was the next one that quit? You know, I never realized it was as tough as it was, that's the real bottom line. Because it seemed like, okay, things seem to move along, but bottom line is that not anymore, that's not even close. So we'll see where that whole thing's gonna shake out, but it doesn't sound too good that anything's gonna come out of the House or representatives. And that's, hey, it is what it is. Let's go take a look at the big dogs out here, because the big dogs in the NASDAQ, okay, that's why you see that NASDAQ, the NDX was up 80 and now it's down a couple hundred. So if we take a look at NVIDIA, NVIDIA's off eight and a half dollars, $3.77, and that gap's gonna get filled. This is gonna get really interesting. I mean, so we got a small expansion of volume out here, nothing heavy. We go to Amazon, Amazon got smoked. Well, they all did, they all have some volume actually. Look at Amazon, Amazon's down five and a half dollars, 68 million shares, and that being said, you're going at the 96 million at 121.50, and we're at 121.34 right now. So you can see how this price in volume works. The bottom line is that, yeah, it looks bad, but guess what, Amazon and a month just went from 101 to 127. We go to Google, we take a look at Google. Yeah, look at that move on Google. Holy cow, now this is a bearish engulfing, if you want to see a bearish engulfing. If you're into candlestick chatting, that's a good one. You went from 129 to 122, Microsoft, that's an expansion of volume, 28 million, you know. Now 28 million right now, we're going into 43 though. You can see how this works. I suspect what this is is just a run of the mill pullback inside of those NDX, and I can see why, you know, listen, intraday, when these things, the levels, the fastness of the move intraday was definitely fast and furious. The GDX, let's go take a look at the gold equities. We take a look at this GDX out here. Okay, so the GDX now, this is what it did. So watch this, GDX tries to get to higher price at 32.23, fails, comes down, and you get an expansion of volume. So yeah, this thing wants lower price. And this is all, once again, gonna be all about that good old US dollar in general. The thing that was weird, and I was explaining this on the first upgrade, I mean, sector this morning folks was the aspect of, I mean, this afternoon, is that gold was up $3 when the dollar was down 500 ticks. That's very unusual, and you can see what happens, and I'd love to know, like, how does that actually work? Right, you know what I mean? It's like, okay, how does the market know? And what happened there is that, watch this, we go to the Canadian dollar, we also moved everything around folks, is that the Canadian dollar, they went up on the interest rate structure today. And so you can see what happened here. So watch this. At 10 o'clock, this would actually move down markets. At 10 o'clock, the Canadian dollar went from a buck 33 to 133.73, you know? It just took off like a rocket ship. And the news there was that they went up a quarter points. Yeah, they raised their rates to 4.75. Ending, now this is what's interesting here, particularly because we're standing right now. The Bank of Canada defined expectations by restarting its interest rate, tidying your campaign, citing an overheated economy. Policy makers led by the governor, Macklin raised the overnight lending rate to 4.75. Wednesday, the highest since 2001. So we'll see where this whole thing goes. The thing that's intriguing is that if you do go to the home builders folks, okay, I look at this this month, I'm saying to myself, if this is a total mind-blowing, there's no doubt, man. You go to, we go to Toe Brothers, right? You know, what I mean by a mind-blower is that we're in this high interest rate environment. And Toe Brothers, this is at all time highs, man. You know, it's like, okay, you know, we certainly, you know, the first high that was generated out here was 75, 61. We traded down to 39 and we're right back to 74, 24. Blenheim's the same way. They're all the same way. So it's gonna be intriguing to watch, they, you know, what are they telling us? That's the real bottom line. Ah, is this just a big double top? That's the other side of this. Cause what did happen in 2007 is that they never made a double top. They almost did, but they didn't. You know, the difference here, what I like, what I like actually, is that on the monthly basis, we had volume last month up at these levels. So the real kicker's gonna be is that if we did top out on rates, the market is gonna recognize it in about a second. And then market might have already actually recognized it. And, you know, bottom line that's saying, okay, you know, because what does happen is this, picture the ratio of going from a seven to a seven and a quarter mortgage to a five and a half goes exponential. I was talking to a couple of bankers right in St. Pete and they were telling me that five and a half folks is the sweet spot. What they mean specifically is this. And this was from when we just had gone from six, when it hit six and a half, when I pull back to five and a half, the amount of people that wanted new mortgages, refinance, all the above exploded top side. Which makes sense, by the way, because the reality is that, depending on how long you've been around, a five and a half or even a six and a half is not that bad. A five and a half is definitely not bad. If you told us 10 years ago that you're gonna get a five and a half, it's like, okay, that's awesome, man, right? You know, so, you know, I think that's when it first started hitting. Because I think I got a couple of houses that are out there at least 10 years. I'm at 4.75. Dow, Dow industries up 99, Nasdaq's down 168, S&P's off 15, stay right there folks, you come right back. If you're looking for potential trading setups in the stock market, then 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. 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On June 15th, Tim pivots to the gold market taking a look at cycle analysis, ratio studies, advanced decline indicators and other important tools for analyzing this sector. Sign up today on TFNN.com. TFNN Educating Investors. This program is brought to you by VistaGold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks of Dow. Dow industry is up 91. NASDAQ is off 177. S&Ps are down 17. Let's go, oh, look at this, NQs. We gotta go into the NQs for a second because this is where these high volume lows, and you'll see it not only got tested, it just blew by right by it. Yep, there we go. And it has volume again. So now, okay, this is gonna get interesting now because this is an ABC down. Watch this now for tomorrow morning. Okay, so we have, let's set this up. So all your future traders out there can take a look at this. 14,509 is your A. Your B is 14,341. So you got a 168A to B. You see 14,408. Yeah, you got another 100 points down. 14,000, well, no, 80 points down, 14,240. You can see what happened here. See, we broke the B. You broke the B right here, here's the setup. This is just a small intraday one, but I don't expect we're gonna get there today, but this is when these things are really helpful, folks, because you can understand we broke the B right there. That's where we broke it. See that volume spike? You're breaking the B. These ABCs, whether they're down or up, and if we pull back, now watch this. It's not a big deal, but you got 14,240, and 251's the last swing low. So it's gonna try to get into that big bar tomorrow morning. That's how that sets up. Let's just go into the E-mini and take a look and see if we got anything there. And you can see the divergence is there for sure. No, no, E-mini. Whoops. No, E-mini held. See, the difference was the E-mini did not have a high volume low, either. That's what's going on. Didn't have, that wasn't a high volume low. So, you know, a little divergence. Let's go over to the IWM, because what we had yesterday, IWM broke topside, higher again today with volume. Yeah, this is a valid break, big time. Look at that break, huh? Wow. I mean, in five trading days, the IWM's gone from 172 to 187. And there's the rotation. There's no doubt about it. K, R, E, it's gonna be really intriguing. It'll blow my mind if the small caps could ever catch up with the market. That would be like insane, but we saw it happen a couple years ago, you know? K, R, E, it's got a little juice underneath it. And that's the banking sector, of course. And, you know, you still have plenty of folks out there. What's going on right now, folks, is they've got this big conference going on, a Bloomberg conference. So, you have all these market pros, you know, out there right now. Let's see, where's the conference? I'm not quite sure where the conference is. Maybe it's in New York. But you have a lot of different market pros out there. They say a lot of different things. Like, Dalio's out there, Ray Dalio, he's thinking that this is the beginning of a late-cycle debt crisis. And what that means is that you have stubbornly high inflation with elevated interest rates. We are beginning of a late, big-cycle debt crisis where you are producing too much debt and you have as short as your buyers. We'll see about that. I can understand it because I can understand the aspect of, you know, we know that the Treasury's going to be out there. But there's one trillion, right now, there's one trillion dollars in cash, folks, in money markets. So, there's a lot of money on the sidelines of the sides that come in. You have, let's see, we'll see a couple of the quotes out here. We have the guy from Coinbase, Brian Armstrong. He was talking about the aspect of the SEC, which was changing their tone last year when they were speaking with the company. You know, he said they were answering questions and then all of a sudden they just went dead. Now what's interesting about Coinbase, right, is that they, he was saying, hey, listen, man, we trade 200 assets and they only went after them on 13, yeah, on 13 assets. They trade 200 assets on their platform they're going after them 13. You know it's a shame. I was listening to the interview on Bloomberg with Brian Armstrong. And this is the thing that drives me crazy sometimes that you can't get a follow-up question because this is the thing that I would love to know, particularly also on Brian Armstrong. He was talking about the aspect that they had the stablecoin, okay, USD, and you know, dollar for dollar, that's the whole bit. And then they were talking about they don't, they call interest folks rewards. And I suspect they do that because of the SEC. So instead of an interest, they claim rewards, okay, but it is in fact interest. And they were asking him flat out, you know, bottom line, what happens if you have a run? Well, he says, well, we can't have a run because we are not a bank, number one, and it's not fractional, we don't do fractional banking. So fractional banking, of course, is that it's legal for our US banks to take in a dollar and lend out 10. And when Armstrong was saying that, no, we don't do anything, a dollar, a dollar was there. Except, he wasn't saying except, but this is what I wish the interviewer had asked him, that those rewards, that interest, where does that interest come from? That interest has to come from somewhere, right? Okay, so if you put your money in there and he has the buck, and if you get an interest of, I don't care if it's 1%, where's the 1% come from? It's gotta come from somewhere, man. And that's where the whole Ponzi scheme takes place as far as I'm concerned. And probably the SEC, because I just don't, no one's answered that question. Well, the problem is no, I haven't heard anyone ask that question yet. Where does it come from, man? Just where does it come from? That's kind of simple. The, who else is out there? They're saying, I don't understand the agency bonds, mortgage bonds, I don't know about that, man. I just don't know about enough about that anyway. But who else? Oh, Druckmiller, so listen to this. Druckmiller is out there saying that he expects to own NVIDIA for years. Let's go look at NVDA. I'm curious what he owns though, we can see what he owns. Pull this up. Yeah, he's got a family officer, he under this family office, that's what a D. Okay, yeah, it takes too long to look at it. You got the biggest firms out here, look at this. Even some of the biggest firms, they piled in even more, look at this. You got, well, there's gonna be ETFs though. Vanguard put by another million, yeah, there'll be ETFs. I'm staring at that folks coming right back. Don't forget about it, man, Tim Moyle is gonna be doing a great workshop for us tomorrow. Check it out in the front page of TFNN, we have the Dow, Dow Industries up 118, Nasdaq's down 162, S&P's off 13, we'll 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. 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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. And folks up in Canada, they are having a huge problem right now, they have 400 forest fires going. Now, check this out. The area is 9.4 million acres, which is twice the size of New Jersey, okay? Huge problem. They've stopped planes landing in New York City today for two hours. I don't know if they still stopped, but they were stopped as of 2.30 this afternoon. Now, that being said, I'm gonna bring this back to the marketplace. Why? Because what happens is that you have the miners that are up there and bottom line is that they're gonna have to close these mines and it's all about iron ore. So check this out. If we go over, I was looking at this, keep your eye on valley because what's gonna happen is that there's plenty of iron ore in Australia also, but the bottom line is that depending on how much these mines have to be closed, it'll make a difference. And I felt that valley itself was off the lows. I mean, valley had just gone from a price point of 19 all the way down to 12, came off that with volume, and you get to pick it up a little out here today, but it's an equity that you wanna watch because what we do have, those and those, the news is saying that they're still out of control in a monster way. So we'll see, and this is only June, what, June 6th? Are you kidding me, man? I mean, the summer hasn't even started yet. So that's about as heavy as you get, man. I mean, that's, auto airport, forget it, man. I mean, you know, the flights are still leaving there, you know, huge number of delays, but they have some trouble up there. I mean, I don't even know how, how do you actually fight 400 forest fires simultaneously, right? My God, wow. Absolutely wild. Dow, Dow up 68, Nasdaq down 177, S&Ps are 14. Always remember, folks, the bank and Claudia hideout, the bull can run you over and thank God, there's always another trade. Health happens in prosperity. Have a great night, folks. Have a safe night. Don't forget about our man, Mr. Tim Ord. Go check it out in the front page. If you can't make it live, folks, don't worry, it's gonna be on your page. You can go over it as many times as you want. And this is a workshop that you will wanna go over because it's simple, but it's sophisticated. That's the bottom line. Come back and visit Tommy tomorrow morning, kicks us off 9 a.m., great show, folks. Real, look at him, folks.