 Always remember folks whatever you think about you bring about whatever you focus on grows up everyone's having a great day Safe day make it a great night folks. Always do your best, but don't overdo When you overdo you to pleat your body and you go against yourself, and it'll take longer to accomplish your goal Not good wise. Let's take a look at it out here We have the Dow industry is up 147 Nasdaq's up 43 S&P's up 18 gold contract down $7.50 straight and it's 1788 an ounce We have silver down 51 cents 23 dollars 55 cents an ounce light sweet crude down 56 cents $83.50 a barrel notes and bonds the 10 year up 10 ticks trade in 130 31 the 30 up 12 6 at 160 24 in King dollar King dollars up 200 and three ticks trading out at 9408 to Euro 115 yen is at 113.98 and the British Pounds is at 136 to one the U.S. Dollar our phone numbers 877 9276 648 if it's called folks why not it's going on in your world and the world of the S&P's let's take a look at him. What do you have you get another day? You got another dollar you get another high Bottom line spy right now straighten up a buck 94 no doubt You know you have volumes contracted like beyond belief out here today. You only got 32 million shares traded yesterday We did 48 so this will do about 42 million today probably so they'll bang about 10 million in NDX 100 same type of setup and inside the NDX what we do have with the NDX is that the NDX Isn't that ABC structure up with the 392 Price projection so we'll see how that baby shakes out if in fact they can get to that price point right now You're a 38904. Let's go take a look at the small caps. So the small caps are still lagging They've been pushing around in a monster way yesterday was a big day in the small caps bottom line Is that we the IWM went from 228 to 234 and let me see maybe it just hit a whole all-time high didn't Let's see. What is that number there? Yeah, man. Oh, this is interesting 234 it did Okay, so hey man that oh, this is interesting. Yeah, you know, it's amazing to me folks this we hit the all-time high today I've been doing this long enough to really It's so intriguing that and you really don't get pullbacks until everything goes to all-time highs Now we have everything in an all-time high and it happens to be the day before the Fed meeting and So this is gonna get intriguing man, you know, this is this is gonna be in a big way because with the Fed meeting tomorrow the bottom line is that Everyone is waiting to see How Powell is gonna handle Transitory that's the real bottom line, you know, so we'll see how it's gonna be handled We take a look at the bond market the bond market looks to me like it wants to go higher So if that's the case if I'm right in the context that the bond market wants to go higher What you're going to have there is that you're going to have the Fed Basically stay status quo. So this is what the status quo is right now in the Fed folks, okay? And they've reiterated it every single time that starting in November and they've told us this for six months now starting in November They're gonna start the taper starting the taper means that they're gonna buy less bonds every month Once that is done, that's when they're gonna start tackling the aspect of the interest rate structure so We'll see whether they change that whole deal my take is that they are not gonna actually change it And if they don't change it You know you can see I can see the notes and bonds going higher and I can see the market going higher too, man I mean because the bottom line is that you know this market Loves what the Fed's doing. There's no two ways about that now what we also have which I you know I really should have picked this up earlier, but what has also happened is this This market seems to love a higher dollar When the dollar goes down if you that correlation even when it goes out four or five hundred ticks the market seems to go with it So that's gonna get really intriguing watching how this that play is gonna play out, you know now You know Depending on how long you've been in the marketplace folks, right? You know you Like when we first started in the marketplace and I'm going back a long time ago now, right? You know that the the market would always say Listen man, you always got to be careful about sharding a stock Because it is unlimited about the amount of money that you can actually lose Well for the last 30 or 40 years You know yes, that happens folks, okay, but I can tell you I've shot hundreds of thousands of stocks about hundreds of thousands no thousands thousands of stocks for sure and You know, I never had a problem with that, you know You have a problem. It's going up two or three points or something like that, right? but there's no doubt that You absolutely cannot shot equities and You know, I mean indices is one thing But if you shot equities folks the bottom line is that you are putting yourself in a Position that you don't want to be in if you do the shotting In the context of the option market God, but that's that's where it's at defined risk, okay? If you do that, you know intraday, that's that's all right for the indices But I still wouldn't even do it almost to the stock and this is why I'm going to show you right now Because this market here is no doubt off the rails and has been for a while But this one out here today Well, I'm going to show you is really amazing and what it is is that it's a vise rent a cop Okay, so if we take a look at a vise rent a cop What you're going to see out here is that the low on a vise rent a car is twenty eight dollars the high is today Which is five hundred and forty five dollars this thing opened this morning at a hundred and seventy four dollars and Ran to five hundred and forty five dollars when they announced that they're going to buy Electric vehicles So check this out. This is that's like amazing The bottom line let's pull this up so you can see this I mean the amount of people that got hurt on this is going to be big and the reason being is that when you take a look at this There was a 36 percent shot position coming into this into this into this morning You know, that's thirteen point four million shares Sorry there folks to come right back