 It's a presentation of TFNN. 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 book our time. 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, that somebody else is there with you while you're trading this crazy market. These are up or down. Well, listen, we appreciate you grow the problem with 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, you know, the market teaches you every single day, man. Now, Tom O'Brien. Well, welcome, folks. This is Tom O'Brien at TFNN. We're here 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 a TGIF, folks, making a great weekend. You are responsible for your own happiness. Happiness never comes from outside of you. If you put your happiness in someone else's hands, they can always take it away. Happiness can only come from inside of you, and it's a result of your love. Negative eyes! Let's take a look at it out here. We have option expiration day. We're going to have volume, folks. Bottom line, Dow Industrial is down $3.48, Nasdaq's off $2.82, S&P's down $6.04. Gold. Gold contract down $11, trading at $17.60 an ounce. We have silver down $0.48, $0.19, $0.08 an ounce, light sweet crude. $0.90, $0.48 a barrel, notes and bonds. Ten-year note, down 23 ticks, trading $1.1804, the 30-year off two points at $138.16, and $Kingdala. $Kingdala's up 662 ticks, trading at $108.147, the Euro's 1-to-1 par to the US dollar. The yen is out here at $136, and the British pound is at $118-to-1 US dollar. iPhone number's 877-927-6648. It was a call, folks. I want to know what's going on in your world and the world of the S&Ps. Let's take a look at it. What are you doing? Well, right now, it's going to be pretty cool looking at this, folks, because what we're doing, we're testing the spike glow that was out here. Oh, look at the S&P, I already just broke it. Yeah. So the S&P broke it. Let me go to the NQs, because the NQs, I believe, are coming right into it right now. So we get over to the NQs. The low is $230. That's what it's trying to test right now. Now, it's interesting, we're at nine minutes. Okay. So what we have here, let's take a look at this. So you got the spike glow. The first one was 11,000 contracts. This one, oh, yeah, yeah, you're at 10,000 contracts, man. Yep. And you get a minute left. So we'll see how this shakes out. It hasn't hit it yet. The bottom line is that we're right above it. We're, oh, no, actually I hit it at 29. So this is a big test here, man, because if it blows it away, the bottom line, you're going to go a lot lower coming into this close. But this would be the test, and we'll see how much, we only got seconds left. So we'll see how this shakes out. That being said, if we go over to the E-minis for a second, what you're going to see, this baby did get below it, let's see, come on, come on, here we go. Okay, so that's a little, that's a different setup, man, interesting. So that, when we had the spike down, that E-mini, we had to croak this thing, man. Totally croaked this thing. Let's go take a look at this market. So what we're looking at is this. This is where I expect we're going to go. You get, this gap is wide open. Okay, so the gap on the, on the spy, 412.75, we're at 421. You're going to have volume today, you know, yesterday we went up with 46, 49 million today. You're already down with 46. Excuse me, folks. When we come into the close, you're going to see the volume explode, because the bottom line is that that's where the turns come, that's where everything else comes in. So we're at 37 million on the accused, we did 41 yesterday. The gap that's wide open is 319, right now you're at 322. Now the cool thing here, folks, is this. Is that when you're looking at this market, right, the, you want to coordinate the aspect of number one, where the dollar is, and number two, where this gap is, and then number three, what the volume is coming into that gap, because my take goes like this. If we pull into the gap, like today we're going to have volume, but we'll be very well on Monday, we could go hit that gap and have light of volume, or it could be a turnaround on Tuesday. You go into the gap, you reject the gap, you have light of volume, guess what? Let's say you go right back top side. That's the first scenario. Second scenario is you come down with volume today, we go lower with expansion of volume, and if that's what we get, what you're going to see is that we'll end up doing a 50% retracement of the whole move higher. And if we take a look at this, and I'm talking about from the June lows, okay, you take a look at the 50% retracement and the spy, that would bring you down to 394, and right now you're 421. Now I can see that scenario coming across, the reason I can see that scenario coming across because we know that the market's job is to take the most amount of money away from the most amount of people, and the least amount of time, and there's no doubt that's the most efficient mechanism I've seen in my life to do that. And that would probably do it because of the fact that everyone would be on edge like, oh no man, we're going after the lows, we're going to break the lows, you get the gist of it, okay. It would be a much tougher market in general as to where everything is going. So it's going to be really intriguing watching this whole thing shake out. We get into the gold. Let's go take a look at gold. Gold continues not to have a bit, that's the real bottom line. I mean, the bottom, you know, we're down on like volume, you're trading, it's 760. That being said, the bottom line is that this thing can run down to 7, yeah, the 727, man. 727 is where we came off the low, the high of the low is 737, 727, 1727, yeah, 1727. And then if we go over and we take a look at King Dollar, what you're going to see with King Dollar out here is that King Dollar is up at this 108157 and I think it was once to go to the highs. Let's go to Gary in Tampa. Hey Gary, what's going on? How are you Tom? I'm doing great, man, yourself? Great. A quick question about the government bonds that I had heard you talk about. Yes. A while back. So I'm looking at them, they're based on inflation. That's correct. Fixed rate, correct? That's correct. Every three months. So every three months they adjusted based on inflation from that quarter or the quarter year before? The prior quarter. Yes. Okay. All right. I tried to go online and get some answers. It's a great deal, man. That's the bottom line. And what ends up happening is this. So picture this, folks. What happens is that, let's picture that a year from now, you know, you want to sell them, right? So the way it works is that you just wouldn't get paid for the prior quarter. That's how it works. So you can sell these things, which is amazing, do you know what I'm saying? So they're longer term tips, I mean they're longer term bonds, that's for sure. But you don't have to sell them to you want them. And all you're going to miss out on is the interest for one quarter, do you know what I mean? So it's pretty cool, man. All right. Well, thank you so much. Have a great weekend. Okay, man. Have a great one. Have a safe one. I'm listening to you over here in Tampa. That's a beautiful thing. We appreciate you growling and prowling with us, Gary. See you later. Thanks, man. Stay right there, folks. We'll come right back. Of glooming inflation, we are purchasing powers eroded, there's no better place to protect your harder and money-thinning gold. This-the-goals flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tail-one mining district. This is a large-scale, low-cost project with significant existing infrastructure and a politically safe and friendly mining jurisdiction. This-the-goal just completed the Monk Todd Feasibility Study, which resulted in a 7 million-ounce gold reserve and a 16-year mine life. All of this, combined with the approvals of all major operational, as well as environmental permits. This-the-slingwiches Monk Todd as an attractive, diverse pod, ready-development stage gold project. 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We do appreciate you going around in problem when I saw it here right now. Bingo. We have the Dow Industrial trading down 303. Nasdaq is off 266. S&P is down 57. And I'm going to go over and look at these NQs best in the futures because it was coming in for a test. What is an NQ? An NQ is this is the futures for the NDX100. And so what it did, see this one here, this had a high volume low. So this one here had the high volume low. That was, this didn't get it really intriguing because that was 11,000 contracts, that first one. See the volume's over here, right? I'm looking for this, 11,000. And then we tested it with 10, oh look at this folks. We tested it at 10,995. Now check this out, this is going to get cool. And then you just went top side with 12. So now it's just game is going to be really interesting to see into the close here. This is option expiration. So what ends up happening is that there's plenty of folks that are playing white lightning. And what the white lightning is basically inside the option market is that, what's this? If you go over to the Qs, and don't do this folks, OK? Unless you really trade every day. So you go over to the Qs, see it's 322.77. The bottom line is if you were trading this white lightning, where I would go with this is that you'd stay in the money. Because then you're trading it, you could do like probably 10 calls that probably cost you a buck. And what you'd be looking for, that'd be the 322. And you'd be looking for this to go like 324, and you'd sell it out. And the bottom line is that you'd make a buck. But that's a grand. But you can lose it just as quick in white lightning. That's what it comes down to. It's crazy, huh? It's a beautiful thing. It's a beautiful thing. But this is actually, yeah, it's not, yeah. So I'm seeing a lot of red. Oh, it's red today, man. What do you think is happening? Just, oh, it might take us that we'll pull them back. See, I'll show you this gap. There's a gap here. And we've been up so long that what tends to happen. See this gap? I see. That, and now we get an expansion of volume. So that's telling me that we're going to get there. But if we get an expansion of volume next week, we're going to get all the way down here. OK. And that will get people really nervous. Yeah. Yeah. You know what I mean? So I think we can kick this off. I think with the MLS this week to see where we're at, you know? Yeah, let's do that. So what we're looking at, folks, is that this is the MLS as the amount of units that are for sale, the amount of units that basically have price decreases. Look at those price decreases, man. Yeah, so the price decreases are, you know, way more than the new list. They're accelerating, right. You know, this is a lot. And then the solds. Can you just say what those numbers are? So because people have a high time looking at that. So the new listings were at 6,700 for the week. That's for the week. The decrease is we're at 7,700. All right, 1,000 more. 1,000 more. Right. And then solds were only at 4,500. Look at that. And what is happening here, folks, and I noticed this when I was just out, too. What Beth was talking to me about upstairs, folks, a little bit earlier was the aspect of when the frenzy was out there, agents were paying 2.5%, some things were paying 2%. 2.5 was the top. Right. It was like 1%, 1.5%, 1.5%. Right. And now it's. Now we're seeing 3%. Now we're seeing 3%. So watch what happened. When I was out after this, right? Yeah. I start seeing houses for sale everywhere. Now the signs are on the streets again, folks. Oh, that's another thing. Isn't it? We didn't even put signs. Exactly. You didn't need a sign, right? Now the bottom line, the signs on the street. So this thing is getting softer. Yeah, for sure. And if you saw this article today, folks, about the aspect of the, let me just, can I just see this for a second, just because I put it. The, on Bloomberg, folks, there's an article today about the amount of mortgage brokers going out of business. So I just want to walk you through how this works. Because this is, well, it's good, technically, understanding the market in general, OK? So let's say that Bess and I open a mortgage company. And just take this, that if you guys, ladies, Tigers and Tigers has opened a mortgage company, right? Well, it's actually a lot easier than you think to open a mortgage company. And the way you basically do it, you open it, I've got a JP Morgan, one of the big bags, saying, OK, I want a line of credit. And what ends up happening, folks, is this. They're short-term lines of credit. It's mostly like 60 to 90 days. And when we're selling the mortgages, right, the reason they do business for you, they want to package the mortgages and then send the mortgages out to the marketplace to sell them, OK, in a bundle. Well, what happened, and this is why that so many of the mortgage brokers went bankrupt, and they went bankrupt, OK, this is how fast this happens. Because let's picture that Bess and I have a company. We basically did 10, 15 loans, but at that point we're still only up to about five or six million. They're going to want 10 to 25 million in order to package. Well, what ended up happening was this, is that we would have got caught in the middle of the higher interest rates. So everything that we had, it's just like trading the stock. Everything we had, bang, we're hammered. And then what JP Morgan does is that it's a mortgage, it's a margin call, and they shout us out. And folks, this is amazing. Yeah, we'll take calls out of any calls. And how fast that can happen. Particularly, man, it's a mind blow, folks, particularly when you're talking about holding the type of interest rate mortgages that the market went up so fast. Yeah, I mean the other thing too is at the beginning of the year almost everything was cash. Right. So if you had these big loans and you were just holding it and you couldn't get any loans out there. That's right. No, you're just paying money. No, you're just paying money. That's right. Let's go to Asim and Dallas. Asim, what's going on, brother? Hi, Tom. How are you doing? I'm doing great, man, yourself. I'm doing good. Good. I'm doing good. Good. Question about SCCO, Southern Copper. If the market goes down, that will drag Southern Copper with it. Where would you enter? Well, first, let's do this. I'm pulling up the Copper contract first, OK? Because Southern Copper is the largest copper company in the world. And it's all about where the copper price is going. OK, so when I look at this copper price, man, this copper price to me looks like it's going to go to 405 and right now you're at 366. So if we go over to SCCO and we take a look at it, yeah, I'd buy it right here. Buy it right here. Yeah, because see that? Let's see, $50 right there. That has volume on it, right? Well, at $50, we had $2 million. We backed down with $1.5 million. You went up again with that one there, $1.4 million. You backed down with $1.5 million. Yeah, I mean, in a completely. And the yield is good, too. I mean, if you have to wait, you can keep collecting that 6% dividend on it, too. Yeah, and the bottom line is that 6.2% right now. That's what this is shaking out at. So yeah, it's going to happen. It used to just be China for the copper market. Now the bottom line is that all your major car producers are going to be producing electric cars. Well, copper's the name of the game, man. So thanks for the call, team. Have a great one. Have a safe one. Stay right there, folks. Bess and I are coming right back. We have it out now at 295. Nasdaq off 258. S&P's off 56. We'll come right back. 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You're rockin' and prowlin' with us out here. Our phone number's 877-927-6648. So let's take a look at that MLS on a one-day and a three-day also. So the seven-day, folks, you can see the acceleration of the price decreases and the amount of closes. The amount of closes, folks, if we went back even four weeks ago, we're always over the new listings, meaning, and you've read plenty of the stories that there wasn't enough houses out there. And you know what, folks, the bottom line is that the people that actually write those stories really are not in or really understand the real estate market because what happens is this. As soon as prices go down, it's just like the stock market. As soon as prices go down, there's plenty of houses, man. That's the essence of it, you know what I mean? That's how it works. So let's go, you're gonna do a, oh, look at this, 24-hour. Now that's a lot of houses to sale for the 24-hours, man. Yeah, almost 1400s. Yeah, you normally don't see that either. Yeah, and then the close, now the price decreases are up there, huh? Look at that. It's just, it's a lot. So you get new listings on 24-hours, 1375, decreases, 1146, sold, 827. Now let's do three days. Three days, here we go. Okay, so three days, 4,200 new listings, 5,000 price decreases, and only 2,600 sold. See that, that's, you know what? I love about this market, folks. Price and volume is my deal, man. I'm telling you. And then you see the back on the market, too. Oh, where's that now? Right over here. Oh, yeah. Yeah, so you see. Well, yeah, let's talk about that because Bessford got a call this morning, and what the call was about, he had a property that was up for sale. Yeah. So let's talk about it. He had a property that was up for sale how many months ago? So this was, I wanna say this was around April. Okay. And it's only August, so that's April, right? Yeah, April, so I thought the house was worth about 390, and we listed at 400. Okay. Right away we had seven, eight offers and another four or five verbal offers, all over asking. Okay. The price was 420. Right. Cash. Cash. 420. Yeah. No. And so what happened? The guy didn't wanna sell it. He was like, oh, I don't wanna sell it right now. So right there, folks, right? We know this because we're in the market. What is that? Greed. Greed kills. Greed kills. Right? Yeah, he just wasn't sure what he wanted to do, so he's like, I'm not selling. We're like, okay, so we took it off the market. I remember this guy now, I remember this guy. Okay. You know, I can't force you to sell it, but. So now let's fast forward to, was it last night he called you or today? Yeah, last night. Okay. So now let's talk about the exact same house, May, June, July, 120 days later, or maybe 95 or whatever. Yeah, and he wanted to know where the market is at and I was like, listen, you know. This is sad. If you can get 390 now, you should be lucky. Right. Because that's what it was worth back then. Right. And the one when it was really high. Just like that, folks. Just like that. Bang. Okay. And it's pretty grand and you know, it couldn't go even less. Yeah, no, I'm with you. The market up there doesn't move as much as down here because this is Nupa Richie. Okay, right. Right. So, you know, this is where you could lose some, some good money. That's pretty heavy, man. Now you know what I saw too. Yeah. Is this house, I guess, when under, or this lot I should say, went under contracts. And we know this guy, right? Because he's getting investigated by the federal, by a federal agency, SEC. Oh, really? Yeah, he was, it was like a Ponzi scheme. Really? And he bought all this land. Oh, that's the guy from Tampa, right? Yeah. Yeah, right. So look at that. They finally went under a contract and you know, 18 million for a whole block. Not too bad when you think about it. That's right. So maybe some of those people will get their money back. This is a scam out of Tampa, folks, okay? Yeah. But he did buy some stuff, thank God. He did, yeah. And this was one of them where, you know, he bought it pretty cheap. One of them, I think, bought for like 800,000. There's 10 lots, but it's pretty crazy. Now, there was another property I saw that's, you know this one as well. So for 425, where is it? 475. So you had a lot right across the street from this one. Okay. Now, the first person that bought this was for 25 grand. Okay. Like seven years ago. Yeah. And now we're at, they just sold our 475. Pretty crazy, huh? Yeah, I know. Exactly. And so what happens in Pinellas County, folks? There's no more dirt in Pinellas County. The thing that's amazing. So Pinellas County is the most dense county in all of Florida. More, this is what, it doesn't even make sense. I remember when I started looking at the stats 12 years ago that, because you look at Miami, you look at Fort Lauderdale. And what the difference is, is that those are bigger cities than St. Pete or Clearwater. And, but what the difference is, we don't have any more land. They have plenty of land that, and they do have plenty of land. It's just that everyone wants to live in the same place. Close to the water. Yeah, exactly. Exactly. Yeah. So. This is just a peninsula, right? There's nothing else. Exactly. Well, it's just like South Boston. That's what intrigued me about this place more than anything. Yeah. Because South Boston, Boston's a finger in the water. South Boston's another finger in the water. Pinellas County's a finger in the water. St. Pete's another finger in the water. So it's a defensible position. You're meaning that once you start, you have water all around you. So once, you know, people really start building, taking care of the properties, moving in, that acceleration goes pretty quick. Yeah. I mean, we saw it very soon. We definitely saw it. There's no doubt about that. It's crazy. Now, let's talk about insurance a little because we had, I believe we talked about insurance a little last week. Now, if you're in Florida, folks, okay? Flat out, what you want to do is you want to call your insurance agent and you want to see whether they sell citizens. Because what also happens is that there's, here's the story. It's a great story, man. Trying to get insurance for, you know, bottom line, another client. And what ends up happening is that this is farmers. And farmers, you know, the insurance bill came in and what? 4,200. It was 4,200, right? And so I'm calling farmers up saying, hey, man, you know, why don't you basically go out to, going out to, and by the way, the policy they wanted to write, it was a derated company. Okay? Yeah, exactly. So what ends up happening, I asked the agent, you know, why don't you know, don't you sell citizens? They said, no, the main place doesn't let us sell citizens. I said, that's pretty cool. They don't let you sell citizens but they let you sell a derated company. The reason they sell it, folks, okay, the bottom line, they're getting 30% commission. Yeah. My point is, is this. We got insurance on that exact same thing, what, a 4,200 for $1,750. And the exact same coverage. And on top of that, this is what ends up happening. See, citizens got a bad name in Florida like years ago. Scott came in, wanted to get rid of it all, got rid of a lot of it and took people to the cleaners again. Okay? The bottom line, the state is behind citizens and right now because we haven't got hit with the major hurricane, they have a lot of money. But the bottom line is that you're not gonna default because it's a state run deal. Yeah. So it's the best of all worlds, man. Yeah, everybody. And people don't realize it. My point of this whole story, folks, is that people don't realize that that is the best deal out there. I mean, in a huge way. Yeah. Not in a small way. You know, huge. So, you know, check it out. That's the real bottom line. Yeah, everybody wants citizens right now. Yeah, yeah. Yeah, and they should, right? I mean, that's a- You just saved so much money. It's crazy, man. And you know, yeah, you get the gist of it. Dow, let's see where we're at here. So you got, it's gonna be intriguing here. So we pull this up for a second. What you're gonna see, we got two blurbs and this volume coming in, this blurb here too. So if we look at the cues, the cues probably want to run to this 324-08. That's kind of how it's set up right now. We'll see whether it gets there. Stay right there, folks. Bessar and I are coming right back. Our phone number's 877-927-6648. Come right back. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million-ounce gold reserve. 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We get the NASDAQ off 263, SAPs are off 58. And you know, the reality, we got, this is the best-of-it-buy segment, folks. And the way that I'm looking at this, I mean, I'm looking for this thing to go lower. Okay. So I think- So we should wait? I think so. Yeah. Maybe Monday or Tuesday. Well, we can, well, actually let's, yeah, folks, last week, this was an amazing buy. Last week, he got into Canopy last week. Look at this thing, man. I mean, that really worked out. There's this, there's the sign of strength. That was on Monday. You bought it here, right? 336, you got it at? What'd you get it at? I got it on Monday as well, though. Well, no, you got it Monday, that's right. Cause we put it at a 330. And then, hey, this is pretty cool, folks, okay? Pitch this, this is brand new to him. And what happened is it didn't get closed. Cause we put it in a 329 and it closed at 330. It was 330 at the close. And I got canceled. But guess what? Monday morning, he woke up and look at this. At 323, he got it at 326 and the thing went to 394, you're trading 374. Not bad. It's better than not bad, man. It's pretty good. That's awesome. Put more money into it all. Well, this is, look at this, this is, hey, folks, look, this is actually an ABC app. Look at this. So 394, this is a $1.40 A to B. Hey, this might be an action, folks. That means he wants to go to $5. Nice. Where's $5? There's $4.82. That's ice. That's how it's set up right now. And you can see, got a bad day in the market. It's pulling back into strength with 14 million shares versus 29. So. Now, how many of these companies are out there? There's a lot here. If we go like this, if I take this up, watch out, pull this up. This is what this is here. This is the major companies in the business. You got Tilray, Trueleaf, Greenthumb, Cureleaf. You know, we see a bunch of these around here. They got Trueleafs around here. They got Cureleafs around here, right? I haven't seen these other ones. Tilray, I'm not quite sure where they are either, but. Cureleaf is pretty big. I had the biggest market cap was. Yeah, well, that's. 4.1? Oh yeah, yeah, for sure, man. Yeah, yeah, the big way. Look at that. You see them everywhere down here. You do. You do. C-U-R-A, okay. C-U-R-A, C-U-R-A, Cureleaf. Tradement 750. Oh, look at this, Wakefield Mass. That's wild, huh? Revenue. Look at, man, they get a lot of money, man. 1.4 billion. And they're still losing money. Look at this, man. The public markets blow my mind, folks, okay? In the aspect that you can take in 1.4 billion and you can lose, you know, 10 cents a share. I mean, that is wild. Let's go to Jim and Palm Hop. He wants to talk about citizen insurance. Hey, Jim, what's going on, brother? Hey, I was in the same boat, started with FedNAT for like six years in the premium. You get the creep from 2,100 to 2,400 to 2,9 to 3,200. I'm ready to pay the bill. And they canceled 68,000 policies because they didn't have 250 million to buy reinsurance from Lloyd's London. So I did go to Citizens and my premium dropped to 1,700, except the only problem with Citizens is their max temporary rental is 35,000. What do you mean temporary rental? If you had a fire and it's gonna take you a year and a half to build your house and start from scratch, they're only gonna give you 35,000 max temporary living expense. So at 4,000 or 5,000 a month renting something temporary, that 35,000 is gonna last very long. So that's the big negative with Citizens. I see. But otherwise, you can't beat, I know someone had turned in a claim and they had no problems at all getting paid, getting the work done by Citizens' own subcontractors. So they've really cleaned up their actor in terms of customer service. Yeah, and the amount of money that you can save is extraordinary, man. I mean, it's day and night. And one thing about Citizens too is their max structure value is only like 700,000. Okay. So if they value your structure. Yeah, I'm under that value, but interesting, after the last 49 days I've been busting just to get a condo rehabbed on the market, put it on the market this morning and they have got a full price offer but it's at 267. Yeah. Where is the condo? Up in Palm Harbor, North of Tampa Road and Highland Lakes. Okay. Best of those palm of a well. Yeah, yeah, yeah. I used to live there, so yeah. That's actually 275 a square. That's awesome, man, yeah. And you know what, what you have and this is what's really cool folks, okay? That price point is totally where it's at. Yeah. That's what's really cool. You know what I mean? And it's good you're putting on it now because we don't know where this is going. I was Russian, I don't want to wait. Who knows what's going to happen two, four, six, even 12 weeks down the road, especially the bond market got hit today. I mean, the rates are definitely going up. Yeah, well right now, if we look at the 10-year, right now, there you go, it's 2.9 again. So the low for the last three months was 2.5 where 2.9, the highest 3.4. And let's go take a look at this 10-year. So the 10-year today, that's still, the goodness is only a million contracts. So the 10-year is probably going back to, is it see the bottom of the sign of strength is 117-14 and we're 118 right now because it's- It's very heavy into the TBT, but I can't find a 20-year index because that's what that ETF mimics 20 years. Well, it's 20 plus. You can see the yield on the 10, you can see it on the five, you can see it on the 30. Right, well here, let me show you something. Here, go like this, watch. I'll do the curve. But I don't have a Bloomberg like you. No, no, but here's the curve. So what happens, it's at 20 plus. So what you do is you basically take a look at this and you say, okay, see the 30s at 3.2 right now? So the TLT folks is really, it's not 30-year bonds, it's 30-year bonds that have 20 years plus left on them. That's how it works. Oh, I see. Right, that's how that thing works. That's why you see, you can see the bond, look at the 10-year and the 30-year down, but yet the TLT is up. And that has to- It's amazing, the TLT is down 1.65% and the TBT is up 3.2%. That's right, and that's because- Now you've explained it, why? Because it's an average of the 20-year remaining, not a 20-year bond. That's correct, right. I learned something today. That's a beautiful thing, man. And we appreciate your phone call, man. We want more of these phone calls. We can all help each other and do everything. And in this case, insurance, which is really frickin' awesome, man. Do you know what I mean? Actually, to be honest with you, I think that would be something to put the brakes on the market more than the interest rates because people, we all remember when they were 13, 14, 15% when we were growing up and it's nothing to go from five to six, six and a half. It's nothing, I agree, yeah. Totally, man. My first house was 14 and a half. The difference was, of course, folks, okay, you're dealing with a lot smaller number. I bought a free decker for $14,000. I had a sub-shop in the first floor, I lived in the second floor and I rented the third floor for $250 and my mortgage is only $240. Wow. Yeah, and now, that's in South Boston, now that house is $3 million, a million dollars a floor. That's amazing. Yeah. And we have no inflation out there. Yeah, I know, seriously, man. Hey, Jim, you have a great one to save for, man. Thank you, take care. Stay right here, folks, we'll come right back. We have the Nile Industries right now down at 266, NASDAQ's off 246, S&Ps are off 52, Bess and I come right back, folks. 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, the technology insider, is designed to give you all the information you need to understand the technology that ships today's markets and tomorrow's future. David White has made his living staying on the cutting edge of technology. His weekly newsletter will give you specific recommendations for value tech stocks, as well as entry prices, target prices, and stops to set for each trade. Dave delivers his weekly newsletters every Friday with updates throughout the week. You can get the technology insider at tfnn.com for only $37.50. Sign up for David's newsletter, the technology insider, and get an inside look at everything the technology sector has to offer. Try it risk-free today with our 30-day money-back guarantee. 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 in your inbox every day. First time subscribers also get a 30-day money-back guarantee. 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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. The Dow industry will set down to 80 and Aztecs off 257, that's a Pijar 55. And when we are looking at this MLS, and we had some questions, folks, so the MLS that we're looking at, what is the, how big is the section? It's definitely Tampa, right? Yeah, definitely. I mean, you're going from, so here, I'll show you guys. Okay, cool. So when you do new listings, I'll show you where it's gonna get populated. Okay. So you basically got, you know, Tampa, Orlando. Yeah, it's huge. I mean, it's a very large part of Florida, folks. It was a whole central Florida. Right, right. Central Florida to the left coast. So yeah, you're basically going down to Sarasota. Yeah. Not quite to Fort Myers, but yeah, just around here. Right, which is quite a bit. Yeah. Which is, well, you get St. Pete, Clearwater, Tampa, Lakeland, that's where a lot of things are growing. Orlando is a monster, folks. Okay, yeah, there's no doubt about that. It covers a lot, that's for sure. Yeah, yeah. So what else are we looking at? What do you, what do you, and what you got? Well, this is interesting, folks, okay? You talk about the first ones out. Best thing, he's having a hard time selling this house and then he was almost gonna get two bids and then another house just popped up in the same neighborhood though, right? Yeah. Lots of people just telling me. That's a little bit cheaper, so you know, that's competition, obviously. Right, right. And this is what happens, folks. If you're moving your house out, right, get real about it, get real about the price and you gotta beat everyone else out because that's how it goes. It's just like selling in the marketplace. My take is that if you trade, you have a huge advantage on moving product, period. Yeah. Okay, because the bottom line, yesterday's gone, tomorrow's not here, what's it worth right now? Yeah. Right now, right here. And that's it. That's it. And I know it's hard, but it's easier if you're a trader. It's a lot easier. You know what I mean? No doubt. Yeah, addicting stuff is hard, so. It is. Yeah. It is, there's no doubt. Another day, man. Another day, yeah. So I guess we'll buy some socks next week or the following week. We sure will. Yeah. There's no doubt about that. I always remember, folks, the bank and while you hide 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 great weekend, a safe weekend. On this update, I'm gonna get you all the volumes out here because I suspect we, hey, come down with volume and we are going after that gap. Stay tuned Monday. Tommy's kicking us off nine o'clock. Great show. Thanks, brother. Yeah, we'll get it, folks.