 is a presentation of TNN. 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 Eddie and Bulkarton. Hey, Eddie, what's going on? Hey, Tom, how are you, man? I'm doing great, man, yourself? Good, good. It is a treasure to have TFNN every hour during the trading day, to be there, to help you, to guide you. And even to give you some peace of mind, or like somebody else is there with you while you're trading this crazy market. These are up or down. Well, listen, we appreciate you growling and prowling us out here, because we wouldn't be out here, folks, if we didn't have all you guys, gals, tigers and tigers as clients. And the market teaches you every single day, man. Now, welcome, folks. This is Tom O'Brien of TFNN. We have 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. Don't make assumptions. Learn to ask questions. It is always better to ask questions than to make assumptions. Have the courage to ask questions as clear as you can be. Once you hear the answer to the question, you won't have to make the assumption, because you will know the truth. Market-wise, let's take a look at it out here. We have the Dow Industrial's down 208, Nasdaq off 146, S&P's down 41. Gold, gold contract down $23, trading at $16.32 an ounce. We have silver down 24 cents, $18.35 an ounce. Light sweet crude up $2.28, $85.10 a barrel. Notes and bonds, a 10-year note. Down 29 ticks, 110 flat, the 30 off a full point. Plus 22 ticks at $122.28 in Kingdala. Kingdala's up 847 ticks, trading 112, 976, the Euro's at 97, the Yen is trading at 149.89, and the British pound is at 112 to one US dollar. iPhone number's 877, 9276648. It was called, 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 you have? You get a pullback and you get a huge contraction of volume. So that's telling me that we're still gonna go higher price, man, that's how it shakes out. You take a look at this, you know, you're down four bucks right now on the spy, you get 56 million shares traded, went high yesterday with 97, bigger yet though, you're coming into the 147. Now the 147 is 167.51, and what I'd like to see out here today is that the spy closes over that, because if it starts digging into that buy, you get a whole different flavor coming, but my take, you're pulling back tremendously light of volume, that's saying that we still want higher price. And the X100, same type of setup. What we have in the three Qs right now, you have the three Qs, they're trading 41 million shares, yesterday went higher, you went 69 million, you're going into 77 million as well as 112 million. Now the 112 million, that price, and I'd want to see this get a little bit higher coming into the close, the price 270.17, and right now we're at 269.58. We go to the gold contract, we have a gold, bottom line gold, gold's going lower, you have a contraction of volume, but the bottom line price is not holding, and that's all about the dollar. You have, you're gonna see this, okay, we got 1.6 million, no, you got 168,000, 168,000, sorry about that. And going into 200, I believe. We came off the lows, yeah, 280. The low there is 16.22, we hit 16.32, and there's no reason I can't hit 16.22. And it's so close that you could get an ABC down too, so we got to really watch this coming into the close because it's down to 168,000. If you do 183,000, guess what? You get an ABC down and that would take you, you get a blowout that low, let me see, 17.38. Yeah, it's almost a 90 A to B. That would get you down into the 15.90 area. Well, I see, interesting, all that. Yeah, that's not that bad actually, because the low is 16.22. Notes and bonds, we go take a look at that note and bond market, bottom line, we're gonna take a look at this. That baby is going on a one-way route, that's the real bottom line. Netflix, NFLX, bottom line is that, come out with the numbers, good numbers. Netflix, to answer a couple of the questions out here, is in an ABC up, it's a confirmed ABC structure up. You took out the B point, you took it out with volume, pull this up, you're gonna see it's a clean ABC. This is not only a clean ABC, what's really cool about this ABC is that it's an ABC after consolidation. So you get an ABC after consolidation, you really can get some juice going. The price projection on this is $294, and right now you're $270. Let's pull this up back a little bit, and let me see what's at $294, and what's the top of that? No, it's not quite the top of it. It's got a lot of work to do, but hey, it's an ABC up to $294. That's a start, that's the real bottom, that's a start, and the aspect of where we could see this baby going. Some of the higher volume equities, there we go, and this market out here today, and there's gonna be a low volume market out here today. We have advanced micros down 87 cents, you get NVIDIA flat four, where's Netflix, Netflix, we're done Netflix. Bank of America's down a buck, you have a transaction up 23 cents, United Airlines, that's up $2 as they're, you know, ripping us off left and right. Comcast is down 24 cents, inside the Dow industrials. The strength versus the weakness inside the Dow industrials. We take a look at that, and what you have point-wise is this. Point-wise is you have Travelers putting 42 positive points, Chevron 39, Big Mac 10, taken away from it. Home Depot, minus 66, you got Amgen minus 26, you get Goldman minus 23. Yeah, you know, and if you go over, and we take a look at GenRacks getting smoked out here today, and that way that's all about is that the bottom line is that they has way too much inventory, not even close, way too much inventory, stocks down about 20%, and they, I suspect they're gonna be going low because guess what, there's less houses being built, I'm still buying GenRacks, but after reading this article out here, it's gonna be pretty cool because we're gonna be doing some negotiations, that's for sure, they're beautiful machines, by the way, folks, okay? The bottom line is that we use them, and they're great, I mean, the bottom line, you hope that you don't have to use them, but when you do have to use them, bang, the switch goes on, you don't do a thing, whole houses lit up, air conditions going, heating's going, and they're gas, so the bottom line is that they go in storms and they stay going for as long as you want, so pretty cool, and the aspect of putting them in, well, particularly, we're putting them in new houses, so it's a lot easier than basically redoing a house, there's no doubt about that, between the switch and the electric panel, it's all about the switch and electric panel, and we're putting them in. 877-927-6648 Dow, Dow Industrial's down 141, Nasdaq off 115, S&P's off 30, stay right there, come right back. Teddy Kegstad has just announced a live webinar coming up for subscribers to his newsletter, the Tiger Forex Report. Wednesday, October 26th at 4 p.m. Eastern time, Teddy will be hosting a live 60-minute webinar, Forex Strategies and Fundamentals, what is behind the Tiger Forex Report newsletter. In this 60-minute webinar, Teddy will be discussing a full breakdown of the markets that influence currency pairs, as well as applying those variables to individual currency pairs, how to evaluate trading scenarios for risk versus reward, as well as a live question and answer session. Sign up now and gain instant access to this live webinar coming up, as well as a month subscription to Teddy's Tiger Forex Report, which comes with a 30-day money-back guarantee so you have nothing to risk. Don't miss out on this live webinar event with Teddy Kegstad Wednesday, October 26th. Sign up now for the Tiger Forex Report at the front page of TFNN.com. 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 Pesavento 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. Free at 1-877-927-6648, internationally at 727-873-7618. Welcome back, folks, to Dow. Dow Industrial is down 101. You get the NASDAQ off 101. Look at that, Dow and NASDAQ, and S&Ps off 27. Let's go to Ben and San Jose. Ben, what's going on, brother? Hey, Tom, how are you doing, man? I'm doing great, man, yourself? Oh, good, man. We're having a scorcher here today. It's gonna be about 90 degrees. Really? Oh. That's just crazy. You guys get a drought that's extraordinary, man. It's pretty... Oh, it's crazy. Yeah. I mean, it's going on like the 22nd year or something, right? It's like insane. Well, I don't know about the 22nd year, but it's pretty dry around the valley here. Yeah, yeah. Seriously. Hey, I wanted to ask you, you know, I've been accumulating a little bit here and there of Vista Gold. Yes. And, you know, I just keep wondering, I keep seeing the Australian dollar just keep plummeting. I'm just wondering why nobody's gone in there to buy the Mount Todd project. Right, or at least have a partnership with it. Right, no, I'm with you, right. So let's take a look at it. It's Vista Gold, folks, trading at 53 cents. This is an exploration company, you know, with Adam and Mr. Fred Ernest on a few times, okay? Bottom line is that until they get a partner, you know, there's no action, man, you know? Basically just flatten till it pops. It is, at least the cool thing here, this is like a, folks, so if you get involved in this, the way you have to look at this, it's an option that doesn't expire, which is pretty cool. I mean, that's my take on it anyway, okay, you know? And what they're looking for is that they're looking for someone to come in and basically partner up with them. And we can see how just gold has been trading in general, okay? The bottom line is that you're not gonna get someone to come in when gold has been hammered, you know? That's the reality, you know? So the amazing part, you know, when you take a look at the market in general, Ben, it always blows my mind, like, so picture this, folks. This is what happened yesterday, or the day before. So it was a three-day rally in junk bonds. And what happened is that companies pushed it out as fast as they could and they got them out. So what happens, and the reason I'm bringing that up, what happens in general is that until gold starts moving, I kind of pictured, you know, someone coming saying, okay, I'm gonna get a piece of it, I'm gonna start putting, you know, the shovel in the dirt. Because the shovel in the dirt is the highest risk. That's when risk actually takes place. There's not risk right now because of the fact that they still have money, they have done all the work, you know, it's like, you and I'd be laying here and say, hey, you know, our backyard is filled and we've done the work, and then someone's gonna say, yeah, but you know, you're gonna come up with three or 400 million dollars. That's the reality, do you know what I mean, so. Yeah, because I know they have a lot of cash on the books, and I don't understand why they just don't start mining themselves. It's because you might have cash in the books, but you don't have three or 400 million dollars, and that's at a mining cost, yeah, yeah. And it might take, it's a much better way that they are actually doing it. Meaning, when you're not strong enough to do a project, it makes zero sense to start the project, you know what I'm saying? Sure. Because that's what it comes down to. They need one of these big players in here, and everything is going for them, except the price of gold and the dollar being higher, because of the fact, what I see, what you just mentioned, if we take a look at this Australian dollar, the Australian dollar, like in the last 10 years, has gone from one to one to 60 cents, I think it's 60 cents, let me see, one second. 82, yeah. It's, yeah, so, you know, what happens there is that, you know, their expenses will be at Australian dollars, and they get paid in the US dollars, you know? So that would certainly be going with them. But that being said, I expect that before we actually see a deal, that Australian dollar would be higher, because the only way that we're gonna see a deal is that if our US dollar goes down. You know what I mean? Because then gold will go higher. You there? Yeah, I'm still here. Yeah, I was thinking more in terms of an American company going over there with the currency so low, just get in there and get in a deal. That's pretty cool, yeah? No, this and that, that can fly. That's, there's no doubt. I think that we still need the price of gold to go up. I think we need the price of gold to go up. That's the bottom line. Because, you know, what we have, the four major gold companies, right? A lower than the whole rest of the gold sector, you know? They are, you know? So it's like, okay. You know, one of the tigers brought up the aspect and there's no doubt. You know, someone was coming in to Barrack Gold yesterday. Was it yesterday or the day before? Let me see this. Actually, it was last week. So watch this. When you put the weekly up, you know, one of our tigers picked this up and there's no doubt. That's two weeks ago. See that bar right there, someone was coming in. That's 139 million. You're only going against a hundred and it couldn't take it out, but that's saying someone's stepping in there. But, you know, until it's action, man, we get to sit here and wait. And that's gonna be, it's- See, on another note, I just wanted to thank you and your team and everything. I've been using your technique with the 10 minute charts, watching the vicks, the kick. And, you know, just making a fortune here on the futures. Isn't it interesting, you know? When you, no, isn't it so cool? When you use that 10 minute chart, it doesn't mean that you're gonna make a fortune. I get that, okay? You're a good trader. But it's, folks, the clarity is so big, it's insane. I mean, it just is. It's, you know, and what does happen is this, we are, we have been in, you know, since the Fed stopped, you know, messing in the market. We've definitely been in a time in the trade market, meaning that it's Fibonacci sequence, you got the confluence, you got the price and volume and, you know, the bottom line is, and it's really clear, man. I mean, it's about as clear as you can get, so. That's awesome, man. It's wonderful. Thanks, Tom, I appreciate it. Okay, man. Have a great one. Have a safe one. 877-927-6648, let's go to, one second, I got a bunch of questions here. Let me get this next one. Okay. So, oh, I know. So the question was, if in fact, the dollar gets down to the price point of 110, what, okay, so here, okay, here it is. If the dollar hits the 110 and 105, what is the effect on big oil and big gold stocks? If that happens, what we will see is that all commodities will start moving higher. Yeah, all commodities. That's, the correlation is direct, just like it's totally direct between the correlation of what's happening in the marketplace. And, you know, we've seen squeezes before and, you know, if this dollar, let's go take a look at the dollar, you know, my take is this dollar is actually going to give it up. And the reason I'm saying that is that because we don't have volume on the dollar. We have volume on everything else. And everything else is operating, meaning the bonds are operating, they're coming into the low, contraction is huge, not holding price. Gold coming into the lows, not holding, well, it hasn't hit the low yet, but not really holding price either, right? Now, can they go much lower with, you know, light of volume? Yeah, they can, but that only, it doesn't last a long time, it just doesn't. So that's telling me that, you know, inside of these markets somewhere, you're going to have this dollar pulled back and everywhere may be intervention. I mean, that's the bottom line. We'll see that, you know, the end is almost at 150, man, where only 11 ticks away from 150. Stay right there, folks, come right back. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metals sector, as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30 day money back guarantee, so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. 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 is excited about our new software charting program, The Art of Timing the Trade Chart. 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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, to Dow. Dow investors down 154, and as except 125, it's a piece of 34. Let's go to Big Blue and take a look. Big Blue's gonna be coming out with numbers after the close. Let's see what she's looking like out here. So the Lowe's 114, this is for the past 12 months. The Highs 144, they, it's trading 122 right now. They are gonna be looking to bring 13.5 billion to the top line, $1.81 to the bottom line. Look, what a contraction, man. I mean, this is a heavy contract. Look at this, they did 15.5 billion. They plan on doing 2 billion less than 90 days and then bringing 50, yeah, 50 less cents. In America, they're contracting by almost 3% a year. Look at this, this company, man. This is amazing, actually. In Europe, they're contracting by almost 4%. In Asia, they are contracting by 4%. Okay, so let's see what we have. Okay, what do we got here, man? Okay, so put this on a monthly. So on a monthly, let's see, last swing had 119. We did 87, that's good, okay. Hey, we'll see if they can do something, man. On a monthly, the monthly, this is not that bad. You know, I mean, the stockings get smoked. I mean, they had a high of 206 going into 2013. You know, we got down to 86, that was COVID. So it's in the COVID bar right now. But that being said, I like what you, see this the month of January of this year it went high with volume. And then July, we did it. So let me put this on a daily. They just might be able to get a little traction going. They have a business that's been contracting forever. Yeah, they can get a, hey, this can get a pop. I'm not looking for something big, 127, you know? Tesla, that Tesla's coming out after the close too. Now, what's gonna be interesting about Tesla is this. Okay, so the low on Tesla for the years, for the last 12 months, 204, highs, 414, they are gonna be looking revenue-wise to do 22.1 billion and bring a dollar to the bottom line. Now they're growing by 4.5% in the United States a year. They're growing by 25% of the rest of the world and they're growing by 33% a year in China. So we take a look at where they're at. This is no doubt, the stock has got hammered. Pull this back, it'll do this on a monthly also. Okay, let me get this closer. Five years, let's see if I, okay. So in five years, last swing point had 1.9 billion and they're coming into a 1 billion. That's good, versus 2.8, okay. So the way that we actually came down to 204, you know, this month, that's gonna be a good rejection because there's no way we're gonna do 950 million with approximately eight trading days, nine trading days left. So on this, this looks like it might get a little pop and let's see, on the daily, on the daily it looks terrible. I suspect we're still gonna get a pop though, that's the bottom line. That monthly's a clean monthly. So this could pop to probably 241. What's gonna be interesting with the, so that's technically fundamentally what you have folks is this on Tesla. So on the last earnings call, right, what had happened is that they claimed, and you know, I take anything that is close to Elon Musk with not even a grain of salt, okay, because he's just taken so many people to the cleaners. That being said though, on earnings calls when you're talking about fraud if you're lying, I don't think they're lying. And what they were explaining was that the, they had more sales and they were tied up in transit. So we'll find out if in fact they had tied up in transit because what would end up happening is that those sales would come in on this quarter. That's how it's supposed to shake out. So we'll see in fact, if in fact they can get that, we'll see if one call matches up with today's numbers. Let's go take a look at Nike for one of the tigers out here. So we get Nike, another equity that's got hammer, the Lowe's 82, the Highs 179. Now they're not coming out with numbers but this target happens to like how if Nike trades higher, market wants to go higher. And the way this is trading right now, yeah, well first off, we gotta go all the way back. You're gonna see Nike, this is what's dangerous for the whole market. Nike definitely got right into the bar, the low of the bar of over the 60, the Highs 894. Now you're at 88. Now watch what this did. Oh, hold it, man. Oh, this is, oh my God, this is an ABC down. Man, this is better to get negated. Look at this, this is a, yeah, this is an ABC down. 139, okay, so it's a 40 point A to B. Okay, so that gets you, oh, that gets you 80 bucks. Where'd it get to? 82 bucks, okay, oh, it did an ABC down. So this is a monthly, if you do it, it was 80, it went to 82. So let's call it, okay, we did it. That being said, what we did also is this. We got to 82.50 in a monthly. It already says that with 82.22. So that pod's done, okay? Now let's go into a daily. If we take a look at a daily one, what you, you know, this to me is building cause for a higher price. That's how this works, okay? The bottom line is that you can see yesterday you're up with 7.3 million. Today you're down with 3.4. The 3.4 is going into 11.9. The high of the 11.9 is 88.25. You went to 87.76 and you reject an 88.25. So that's telling me that that is building cause for higher price, you know? So, you know, we want, trust me, you want Nike off that low because the reality, well, listen, what the market may be seeing with Nike, which is really going to be wild if that's the case, is the aspect that, you know, things are going to get worse with China. And they're going to have to stop moving, you know, just many, many more of their factories. That's the bottom line. So we'll see how that shakes out. The thing that's amazing is that, you know, I remember when China opened up and 78, I think it was 78 or 88, no, it was 78, it was 78. And, you know, bottom line, the manufacturer goes, goes, goes. And when that was happening, that's when I was actually in the travel business and the bankrupt bond business. And what had happened, because the Boston area folks was so huge in the shoe business, right? You know, I had a huge amount of business going all the way up to Nashua. There's, and what happens is you get the rivers and, you know, years ago, bottom line is that all the shoe companies would be beside the river and they're throwing all the poison into the river and, you know, forget that part of it. But the bottom line is that they were all moving from New England and they were all moving overseas. And those executives were always flying overseas. I got to learn a huge amount about the shoe business. And the mindblower, I remember the first time, I think we'll move most of them to Korea first, South Korea, yeah, that's what was going on first. It was South Korea actually first. Because I remember being over there and what happens is that in South Korea, they, at that point, you know, things are always different. You know, when you go back in history anyway, things are always, things keep getting more organized. But what was going on is that during the daytime, they'd be working for Nike and Reebok and New Balance. And then at night time, they'd be firing them up, man. And, you know, the connoffit goods were huge, man. I mean, there was so many connoffit goods and, you know, they were the real deal, but they were connoffit goods. Stay right there, folks, we'll come right back. Teddy Kegstad has just announced a live webinar coming up for subscribers to his newsletter, The Tiger Forex Report. Wednesday, October 26th at 4 p.m. Eastern Time, Teddy will be hosting a live 60-minute webinar, forex strategies and fundamentals, what is behind the Tiger Forex Report newsletter. In this 60-minute webinar, Teddy will be discussing a full breakdown in the markets that influence currency pairs, as well as applying those variables to individual currency pairs, how to evaluate trading scenarios for risk versus reward, as well as a live question and answer session. Sign up now and gain instant access to this live webinar coming up, as well as a month subscription to Teddy's Tiger Forex Report, which comes with a 30-day money-back guarantee so you have nothing to risk. Don't miss out on this live webinar event with Teddy Kegstad, Wednesday, October 26th. Sign up now for the Tiger Forex Report at the front page of TFNN.com. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. 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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 at 866-4767523. 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, Four-Side Fund Services, LLC. TFNN has launched the Tiger's Den, hosted at Discord. 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I'm asking about TBT and TLT because I'm running 15-year charts a weekly and I'm looking at my TBT which I keep selling out of the money calls that are now becoming in the money all the time and I keep rolling and covering and they expire worthless now. I'm short TBT 37 calls against my long position. Do you see resistance right here? Well, I'm gonna start with the TLT, all right? So the TLT is at 96 and you're gonna get one second hot. I'm looking all the way back to 2010 and I see 87.3 is a lower for the TLT and I really thought that 98 was gonna hold on the TLT and it just blew right by that. Well, I see 88, 14, that's in 2011, right? Yeah, I mean, yeah, you're coming up to the point you know, that you're gonna get, well, if you called me maybe two weeks ago I'd tell you the same thing that, hey, you know, I mean, this TBT has run from $23 you know, to 35 nonstop, you know. Right. And it makes you, it just, you look at these angles and it can't go on forever but then you're just looking at the yields just creeping and creeping and creeping and we're talking what, 4.5 already on a two year if not higher. That's correct. We could, if the Fed in fact raises even 50 or 75 at some point in time it'll be a shocker. I think maybe on that Fed announcement day I might actually be putting self stops in real close because the long end may pull back. The problem that you'd have with that, see, I mean, you know, you've done really well. I'd start taking some bread then. The problem that you'd have, what you just said is that stops are gonna get taken out and they're gonna be way below where you have a stop. If it happens because it's gonna happen off-market. You see what I'm saying? When there's intervention. Yeah, that announcement could come on a Friday night. It could come overseas starting on Sunday night and. It will, if something happens. It will, it will, you know. You just keep your, you know, keep your risk lower. I'd keep my risk lower right now, okay? But you know, let me pull this up again because remember we did this before. I wanted to just see that, I'm gonna take the 10 year and put in a generic shot because what happens is that this thing was gunning for something. I just wanted to see where it was. I think we're, I think we're at it myself. I think it was 110 that I was talking about. So it's 115. Well, it's one, it's actually 104. You know, it's, it's, it has long to go, man. Yeah? I think you might as well stay right there. I guess you see the shot I have up right now. That's, you know, the next swing point for the 10 years, 104, 04 and we're at 110. And that sounds like a lot. But guess what? We've already gone down three points in 25 days. So, I know. And again, like the TBT's up 3.7% already today. So when it was $15 a year, it was, you know, it was $30, but now you're talking about 3%. You're talking a dollar, dollar, $1.25 a share every, every morning and it's, it just been. Okay. I'm so glad you just brought this up. Okay. Let me ask you something. Nine out of 10 were red. Okay. Have you traded the doubles and the triples before? Yes. Okay. So you understand, now you just brought up the example. Okay. That as you get into higher price, the expansion's getting bigger, right? Right. Okay. But the correlation is, it's almost 100% where TLT is down 1.8 and TBT is plus 3.7. But you know why that is, right? Cause you're on a trend. My point is this. When you get to a higher price like this, right? On the TBT, this TBT could open up $7 down in a heartbeat. Okay. Have you seen that before? Not on the TBT. I mean, I saw, we had some consolidation around 30 and 31 and I saw, you know, they brought it down a point and a half. Okay. But then if the people are sold off, you should be taking some money because what I'm hearing here, I've traded all of these a lot, right? So what happens is this, I stop trading them when they get to higher price. Okay. Because what ends up happening, okay, is that the TBT, okay, is 200%. And when you take a hit on the other side because it's a hit of a higher number, right? The number is very large and you'll be in shock. You know, that's how it goes. Cause when you bring the example up, you know that, okay, now it's moving a point and a half every day. The difference is if it takes a hit, seven points is gonna be nothing for that thing to go down and to open down. The one advantage, it does have weekly options. Yeah, no, no, listen, man, you're doing the right thing. I'm just- I can write in the money to protect, I can get five points on a 31. Yeah, no, listen, man, the options on the leverage product really work well, particularly when you're selling them. Okay, that's the bottom line. Cause what ends up happening, folks, is that they're all gonna be lower. If you understand how the math goes behind them, the bull and the bear, they're all gonna be lower. Just a matter of a win. You go up, you go down, you get in a sideways market. Now you haven't been in a sideways market with this, and that's what's really brought your profits up, probably tremendously, okay? But the bottom line is that we're not gonna be going to, the interest rate structure, listen, we have the Fed, the next two meetings, I think 75 basis points in November, maybe December, we do 50. They're gonna have a hard time, man, clamping down inflation. If they think they're gonna get it to 2%, I think they better go see the doctor, man, because then it's not gonna happen. Not in less than a year. That's correct, right, it's not in less than a year. But thanks for the input, cause we still have some room, then, when we're both looking at the TNX, we're looking at the charts the same way, then. Yeah, totally, man. Have a great one, have a safe one. Dow, Dow Industries, yeah, so inflation in general, folks, okay? You know, we're in it, and you don't get out of inflation fast. I suspect this is gonna take three, four, five years. And you are gonna see some destruction out here. They're gonna see some destruction with companies when they're trying to refinance, and it's exponentially higher. We're gonna see some individual companies having a problem. We're gonna see all of us personally. I'm gonna see a stretch on the amount of money that we spend on the amount of money that we invest. That's just there. It's just, you know, interest rates run everything. Stay right there, folks, come right back. The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. David White's investment newsletter with the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future. 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And if we go back to these ETF structures and the indices in general, just to see how these volumes are taking place and their light volume in. That's the bottom line. So, spy, you're lower with 66 million. You went higher yesterday with 97, and you're coming into 123. So, the spy, that's good. The spy's over the benchmark there of 367.51. Now, let's see if the Q's are, because the Q's, we know are the weakest indices. And if this can be over, that's gonna be kind of decent. Oh, look at this, spy, penny. Two, oh, there it goes, and now it's under 10. It's 277, that's the number. And right now we're 2708. And, you know, we'll move to my old picture. The IBM will move the Dow. And Tesla, bottom line, you know, can basically, you know, I don't know if it's gonna move, it'll move the NASDAQ, okay? I don't know if it's gonna move everything else, but, you know, we'll see if it can, you know, hold these bottoms. These, you know, if you don't hold this 206, you know, the last low that we had was 204. That was our last Thursday. They rejected 20, they didn't reject it? No, it didn't, they closed at that number. Then it went higher again. You know, the way this is looking at me though, this is looking to me like it's gonna try to basically get into somewhere about 242 or something. You know, you get, let me see what this sets up. So if we take it this way, you know, 0.382 is 246. So, and that's the gap that's higher. And, you know, gaps that are higher don't have to get filled. But the bottom line is that because we did the monthly on that, we went back to the match deal, I suspect that's gonna be higher too. We're gonna know. It's that Tesla comes out right after the close, and hopefully I'll have that on the four o'clock update. 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 happens in prosperity. Have a great night folks, have a safe night. Come back and visit Tommy tomorrow morning, kicks us off nine in the morning. Great show, folks. Wee, we'll get him folks.