 Welcome folks, this is Tom O'Brien at TFNN. We have five days a week, we got 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. Let's make it a great night, folks. You have the power to create your power. It's so strong that whatever you believe comes true. You are the way you are because that is what you believe about yourself. Your whole reality, everything you believe is your creation. And yes, my glasses are broke, folks. I'll be having some new glasses. What a look, right? Knock it wise, let's take a look at it out here. We have the Dow Industries up at buck 30, no, 47. Nasdaq up 131, S&P's up 27. Gold contract trading up 1350 at 1731. They got silver, upper penny, $18.68, light sweet crew down $3.62, trading at 96.26, notes and bonds. A 10-year note, up a full point plus one tick at 118.26, the 30-year up a full point plus 23 ticks at 140.07, and king dollar, king dollars down 163 ticks, trading at 106.914, the year is 101, the yen is at 137, the British pound is at 119 to one US dollar. iPhone number's 877-927-6648. Give us a call, folks. I know it's going on in your world. In the world of the S&P's, let's take a look at it. And what do you have, folks? Check it out, man. Bottom line, you know, I just did that update. It's breaking the B point right now. Your next leg up, we're at 3993. Your next leg up, folks, is 4234. And let's just see if we're gonna get the ABC, man. This is a market man that is so freaking cool. It's insane. Let's see what we got. 27,019, okay, you got a minute. We got a minute to get 8,000 contracts. You get 8,000 contracts, intraday, you got an ABC structure on the way up. Pretty wild, man. And so that's on the intraday. We take a look at this on the daily, and what you're gonna have is that the bottom line is that you launched the swing points. You know, your first downdraft out here when those three days of the downdraft going back to the 9th of June, the bottom of that is 4016. So we'll see what kind of flack you get at that particular point. We go into the NQs. We take a look at the NQs. NQs will lead in this market, man. That's the bottom line. We take a look at the NQs out here. And we have what the NQs, pull this back. And this baby, okay, so that's 99. Oh, look at, no, the NQs. So the NQs, there was shot for an ABC structure on the way up, okay? What we had is this. You had 99,000 clontrax at the first high, 9900 rather, 9900, and we just did 7,800. So we'll see whether we get more in the next bar. But the bottom line is that that bar there didn't have enough. Let me just go back, because what I'm saying enough, enough for a confirmed ABC structure on the way up intraday, because these intraday ones are something else, man. So let me just look at this bar again. You got 22 versus 27. No, we got light there, too. That being said, guess what? Market wants higher price. Gold, let's go take a look at the gold contract out here. What do you have inside the gold contract? What we have inside the gold contract is this. You came down, so you had the ECB come out this morning, folks. They went a half a point instead of a quarter. That was a surprise for the marketplace. Guess what? What it didn't do, which is unbelievable, is it didn't do anything for the pound. Okay, I can imagine if they only did a quarter percent, the pound would have went to like 50 cents. Only kidding, but it would have really smoked. Anyway, gold market, what the gold market did is this. Gold market went down to 16.78. Now the intriguing thing about the gold market going down to 16.78, that wasn't even when the dollar was up. I mean, down. The bottom line is that it rejected lower price there. We have the price spread going on right now. There's no doubt about that. You're talking about 32, well, 22, 32, but yeah, about 37 point spread out here today. Now what you do need is you need follow through. That's what it comes down to. We've had on a continual basis, there's been no sellers. The bottom line we haven't had follow through. There hasn't been a sign of strength all the above. What is intriguing out here today, of course, is that what you do have is that interest rates are going down versus going up. We are at 2.9 right now on the 10-year. And if we go take a look at this 10-year, what you're looking at, we were going sideways on the 10-year. Bottom line is that what you have out here today is that it's 155. You don't have a lot of volume, man, but the 10-year is saying that we are gonna make it run back up to 120. Right now you're at the 118.27. We go take a look at the 30-year US, where I am in US. Okay, here we go. The 30-year, you get 303,000 contracts. Now that's a decent contract volume on the 30-year. You know, because the 30-year normally comes in about 2.250. Yeah, you get action here, man. This will be a mind blow if it's gonna be an ABC up. It's not gonna take much. I suspect tomorrow it's gonna happen, we're gonna go after the swing point. The swing point that we're talking about is 14206. If we get a ABC structure up, folks, inside of the 30-year, what that's going to be saying is that your probability is gonna get higher, and we'll see the Fed fund futures rate starting to trade off of that, that when you take a look at the Fed calendar, the next meeting is on the 27th of July, which is, of course, next week. And I suspect a half a point is built in, but if you take out the high in the 30-year, it would probably take it out in the 10-2, that's telling me that in September, the next one out here is September 21st, it'd be saying that we would back off a bit on the interest rate structures, which, hey, we'll see where this goes, but that's what this market is saying at this particular point, because inside the bond market, they are buying this thing hands over fist right now, that's how it's shaking out, and when we go back and we take a look at the spy, you gotta remember something, that the swing point in the spy is 417, well, we're at 397, calendar-wise it's setting up correctly, the reason being it's setting up correctly is that next week's the last trading week of the month, and guess what? You go into window dressing. So it has a shot to really get some action going here, man. Dow, Dow Industries up 15, Aziz up 125, S&P's are up 25, stay right there, folks, we'll come right back. 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And we just, it wasn't one of the questions he was joking around a bit I think about like how many ABCs can you have before it craps out. The largest ABC structure I've seen in the marketplace and we rode most of this folks was AMAT and 1998 to 2000, it just kept doing ABC structures. One after the other after the other, it was crazy. Bottom line is that when you are in an ABC market, it's pretty cool. Now that's the bull side of it. The bear side goes like this, that when you are doing ABCs, I've seen when an ABC finishes, I've seen plenty of them fall apart too, okay? But to answer the question, that was the longest I've ever seen. I mean, it was unbelievable. It was like for a year and a half. It was, I forget the exact date when it started, but it was, well, you know what it probably was. No, I got it actually because what happened in 98 is that that was the Asian contagion. And as soon as the Asian contagion was over, so that would have been October of 98, it never stopped from October of 98 going right up to the millennium in 2000. Because the reason I remember that is that I remember the amount of calls that were coming in and I got this, so this is crazy. And you probably heard this story before because I told it a few times. We were having a New Year's party and what happened is that almost every person was coming up to me saying I'm never gonna sell on this and I'm looking around and I'm saying to myself, okay, man, I get a feeling that this is like really a huge problem. And by about 1.32 o'clock in the morning, it was just so extraordinary that people started saying to me, no, I'm not gonna pay the tax and I'm not, and I says, no, no, this market's done, man. And what ended up happening, January 3rd to January 6th, that was the high, I believe in the NASDAQ or the SMP, and March 10th was the high in the NASDAQ, okay? And that was the end of like an amazing run. And then, you know, so anyway, ABC structures can continue to go on an amazing basis. The thing that does happen is that the, well, yeah, no, thanks, EKS. I'm gonna go over to these right now because when I was talking about this this morning, the home builders, and this is gonna be deviant, man, the home builders are doing ABC structures up. Look at this, Lana, Lana's blowing, oh no, no, no, it didn't have it, okay, hold it, man. Oh, see, now this is, okay, let me bring up DHI too. Well, yeah, I'll finish with Lana. This morning, when we were looking at this, it should have had the volume. This had 1.4 million when I was on at 10 to 11 when I was doing Larry's show this morning. And now it's not gonna have the volume. It has the price, okay? So that's saying Lana can run to like 83 and you're at 81. Let's go to DHI, DH Horton, DHI. Cause it'd be really strange if, this definitely should have had the volume. Let me stir this. Okay, so, yeah, DHI is gonna be an ABC up. It needs a volume of 4.4 million then 5 million. It's a decent one too. Your B point is 75 and a half. Your A point is, yeah, it's $10 A to B, which gets you $80 and right now you're at 75. Let me pull a few more of these up and see where this shakes out. So, Ovenia. Well, let's pull the strongest one up, okay? So if I take this, see, that's interesting too. Well, DH Horton is, this year, has been the strongest one. No, let's change 28% MDC, Ovenia. Oh, look at this, this is interesting. BZH. Now BZH, that's BZA. Let's see what they're doing, man. If this is ever doing an ABC up, it'll blow my mind. Because this is just, no, it's not, right? Yeah, it's not. Let's go to Home Depot and see what Home Depot is doing to see if there's gonna be any traction in that area. No, that's falling out of bed. It's up on $1.13, but you can see Home Depot, this, Home Depot's coming into 2.9 million. You got 1.7, the swing point there is 308.46. 308.46, yeah, 308.46, and right now you're at 303.45, you know? So, we're gonna have some divergence out there. The GHI though, no doubt, was really intriguing. You know, the numbers weren't bad, weren't great, but the bottom line is that the market liked it. That's what it comes down to. It liked it and liked it in spades. Let's go take a look at some of the higher volume equities out here and see what we have. So, you got mob bells down at buck 64. They're having a problem collecting phone bills, which is pretty intense, man, because phone bills aren't that expensive. You got American Airlines down at buck 27. You got Apple up 193. We have NVIDIA. Oh, look at that, NVIDIA gave it up. Let's go to NVIDIA. NVIDIA. So, NVIDIA, oh no, I see, I see, okay, that was yesterday. Right, okay, so NVIDIA's still, the high of today was 181. NVIDIA took over, blew away at swing point, has volume on the blow away, NVIDIA's gonna be making its way up to this 196 area. Some of the other higher volume, well, hey, let's go to Tesla, because Tesla bottom line is blowing away swing points, has the price movement, has the volume, has it all. Yes, yeah, there you go. So this is how you wanna blow a swing point away too, and blow a consolidation away. You can see the top of the consolidation here, 793, you're at 816, you get volume of 42 million. You also have, let's just see what the 0.382 on the bounce would be. A 0.382 would be 821. And I'll say you can see 821 in a second. That's a 0.382, a 5.0 is a 892, and then we take a look at, it's not, hey, the shot position is not bad. The shot position right now is only 3.16. Now, granted, that's 27 million shares, but it's not like a 10% shot position inside there. Now, I suspect there'd be some buy-in because you get an acceleration like that, bottom line, which I expected, you're gonna see some buy-in in there, but that equity wants higher price. That's the real bottom line. So let's go inside the NDX again and see what's moving this baby. Because if we hold up like this, yeah, Tesla's up 10%, you get NetEase up 5.5%, ASML is up 4.7, and Pindore do is up 4. Taken away from it, T-Mobile's down 3.6, you get married off 1.5, Walgreens boots is off 1.4, and you got Dollar Tree down now 1.7%. And there's no doubt as we, yeah, let me show you something here. This is pretty cool, too. We're gonna go over to the DAX in Germany because we can see what happened. You gotta always remember something. Europe is basically four and a half hours ahead of us, and what happened this morning, as you were doing it, the DAX had been down, the DAX had a low of $13,097, and it just kept clawing back, clawing back, clawing back. That says quite a bit. You wanna, I think you should pay attention to that intraday because it gives you a lot of great hints as to where we're going. Stay right there, folks, come right back.