 is 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 what Alan's having. Hey, Al, what's going on? Oh, it's a beautiful thing. I mean, if your listeners don't get the gold report, they're missing out. I mean, with your gold report, you just print in money. I love it. You're my best dad out there, Al. Let's go to Jeff in New Jersey. Hey, Jeff, what's going on? Great. Hey, listen, I was calling to thank you. A few weeks ago, you were prompting on your show to fill out that $10,000 grant? Yes. So I filled it out. And just a couple days ago, I found $1,000 in my business checking account. That's awesome, man. That's awesome. Yeah. I owe it to you because if it wasn't for your prompting, I would have just assumed, you know, no way it would have gotten anything, so I wanted to thank you. No, we appreciate you growling a problem with us here. Now, Tom O'Brien. Welcome, folks. This is Tom O'Brien of TFNN. We are five days a week. We are 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 up. Everyone's having a great day, safe day. It's making a great night, folks. Cultivate wisdom. You don't need to accumulate knowledge to become wise. Anyone can become wise. When you become wise, you respect your body, you respect your mind, and you respect your soul. When you become wise, your life is controlled by your heart, not your head. Likewise, let's take a look at it out here. We have the, what is this? The dollar's only down 21. That right? Yeah, I think so. Dow industry is down 70. Nasdaq is down 324. S&Ps down 49. Gold contract up $15, trading at $18.69 an ounce. We got silver up 33 cents, $22.05 an ounce. Light sweet crude, flat, $110.14 a barrel. Notes and bonds, a 10-year note. Up 25 ticks, trading $1.2012. The 30-year, up a full point, plus 19, $168.141.30 in Kingdala. Kingdala's down 287 ticks, trading $101.790. The euro is out here at a price point of $107. The yen is at $126.78, and the bridge pound is at $125 to $1 at U.S. Dollar. iPhone number's 877. 9276648, give us a call, folks. Want to know what's going on in your world, in the world of the S&Ps. Let's take a look at them. What do you have? So we bring up the spy. This is going to get really intriguing out here, folks. And this is why. So you hear me talk about building cause a lot, right? Well, what happens is this. So right now the spy's down $5, right? It's trading at $391. You trade as low as $386. You can see the volume is contracting. This has gone after its lows too fast. So the energy is dissipating out of the market. Selling energy, period. This is going to get interesting, man, because this is telling me, we got to confirm ABC structure down and the spy. But the way this is trading right now, this is telling me it's going to bounce first. Because, so watch. Your first day down, let's see. 12th of May, right? You got 125 million shares. Now, granted, then we went up, we went up with 83, and we came back down, we broke it. We broke it at 131. That's your ABC structure on the way down. That's your price projection, 364, okay? Great. You go up yesterday, we go up yesterday with 76. Now what's happening is that this to me is you was trying to get the lower price today and it's rejecting lower price. So that's telling me that you're going to try to bounce and I suspect, well, let's go to the queues for us. I'm going to show you how this thing shakes out. So if you take a look at the queues, what you're going to see, the queues number one did not have the volume when we broke the B point on Friday. You know, the B point on Friday was 284. You had volume of 120 million shares. We came down and we did 91 million. Now what happened yesterday? Yesterday we went up with 63. Now watch this though. So the low of Friday was 280, 21. Well, I know the Nasdaq has got smoked here folks, okay? But the reality is it only went down to 282.25. You're at 285 and you're going to have a contraction of volume. And when you, what I've found is this, when you come back down too quick, which, you know, this, my take is that, you know, if you listened to me yesterday that I thought we're going to build cars all week long going sideways, okay? Nothing heavy. And when I say going sideways, sideways means like sideways plus a little up, a little down, nothing heavy. This market tried to get down today. It dissipated its energy. That's kind of how I'm looking at it. If we go into the NBX100 and we take a look at it, now I think that the clothes is going to be crucial out here today. There's no doubt about that because it's got to basically, right now the futures are down 317. So let's take a look at this for a second. Okay, so get 10 o'clock. That's a bummer. Yeah, okay. I could give you some decent news, but not really. So this side, that's a high volume low at 10 o'clock, man. Yeah. So what we're going to have here, I think, is this. You're probably going to have, you're going to close at lows, there's going to be light volume, which that is actually dangerous. Because what happens is that when there's no buyers, and you're at light volume, it lays up that you can go much lower. This is going to be a wild close. Because when I first started talking about the S&P and the Q's right now, my take was actually, let me go over to the S&P. My take was actually that you would basically reject lower price, but just pulling up the NQ's, that's a high volume low that wants to get tested. So that's not cool because if we finished at the lows, it would be a real problem, man. And so in the S&P's, yes, the S&P's are different, man. The S&P's, that's 10 o'clock, and that's 10 o'clock. The S&P, see, the difference was the spy actually tested its low and it had light of volume. So that's telling me this close is not going to be cool again, unreal. Gold, gold contract out here also needs volume. You can see when you're looking at the gold contract that it's like, really, you're up $16. Gold's going to hold price today, that's what it looks like. But you only have 68,000 contracts traded. What should happen is that the, you're up $16, the gold contract should be doing about 190,000 contracts, you know, big numbers. If we go over to the dollar and we take a look at the dollar, dollar has followed true in the downside. Bottom line down 291 ticks, you're at 101, 784. This basically sets up, you know, longer term. You have the dollar, you know, under two or three months, you're down at 95. Bottom line on a longer term basis. We've been in this consolidation since 2015. The bottom of the consolidation is approximately 22. I mean 82, the top is 103. Bottom line, couldn't bust them up? Yes, what? Gonna try to bust them down. Dow, Dow industrials right now, down 77. Nasdaq is off 329, S&Ps off 50. Come right back, folks. Time of booming inflation, we are purchasing powers eroded. There's no better place to protect your harder and money-daining gold. This, the gold's 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 in a politically safe and friendly mining jurisdiction. This, the gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million ounce gold reserve in a 16-year mine life. All of this, combined with the approvals of all major operational, as well as environmental permits. This distinguishes Monk Todd as an attractive, dearest partner, ready-development stage gold project. This, the gold trades on the New York Stock Exchange under the symbol VGZ. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years, a frequent contributor to TD Ameritrade Network and CNBC. Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today, and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, educating investors. 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Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks, Dow. Dow Industries right now, down 55, you get the magic of 323, S&P 046. And if we go back to this gold contract, folks, okay, this is pretty cool, you know, one of the targets gave me a heads up on this. There's no doubt. So what has happened is this, August, well, first, June has more contract volume, but the rollover's happening. So we get 161,000 in June, and the bottom line is that what you do have is GC, the secret, see the role is happening. You got the August contract, and August is considered the active contract at this point, even though it's 68,000, so the role's happening. So the bottom line there is that we have volume in the gold market, which is a beautiful thing. Thank you, God, I like that. So what I wanna talk about a little here is this. Oh, that's a beautiful, this is even better. We got our man, Mr. Basil Chapman. We're gonna ride these waves, okay? And don't forget, folks, every trading day, I'm in Mr. Basil Chapman, has an outstanding show, 10 o'clock in the morning, and he also has a great newsletter. You can go over to our website at TFNN, and when you get to our website, you just hit Newsletters, you're gonna see the opening call on the left-hand side, second row down, you hit Subscribe, you can get the opening call for one month for $149. You can get it for six months, so 6.95, which is the savings of $199, or 22%, and you can get it for a year for $11.95, which is the savings of $593, or 33%. Now they all come with a 30-day money-back guarantee, folks, so come over here, check them out. When you get it, what you're gonna get, you're not only gonna get an outstanding newsletter, Basil has approximately 12 webinars out there that he's done, you can look at those, you can really understand how this market moves, how the Chapman wave moves, whether we're going up and or down. Basil Chapman, what's going on? Well, up and down, that's what we've been looking at for the past week, it's unbelievable, from Friday's low in the Dow, that was at 3635, we ran up over 1200 points in two days, we gave back quite a chunk today, and now the Dow is trying to stabilize, it's down 110, and one of the reasons why I said to subscribers, I'm leaning towards the positive side, but we won't know until certain conditions are met, is because if you look at the high that was made back in late March, where the Dow went to 35,000, what was it, 35,372, if you do a vertical line, you'll see that the MACD was strong, the stochastic was strong, the unbalance was strong, the nine period was over the 14, then it pulled back, but when it went to the second high, that peak E at 35,492 on the 21st of April, the vertical line was weak, and that suggested that the MACD was weak, the stochastic, the unbalance volume, but the nine period moving average had to wait a day or two before it crossed negative. Now what we've got is something slightly different, the low that was made on the 20th at 30,635 had weak technicals, but when we made a low on Friday in that trough D, the MACD was starting to improve a little bit, that's the histogram, there's those little vertical bars, and what you really want to see is that the, call the zero percent line goes positive, and that's usually a good sign, the stochastic was way above the high, the low that was made back on the 12th of May, unbalance volume was improving, so it's really a work in process and a work in progress, and that's what we're looking at right now, because we've come back, and now the Dow's only down 50 points after being down much sharper, actually went below the gap up opening of Friday, what we're looking at is there's a chance that there could be a rally going into the next few days, and that's gonna be really important, and what you want to see, and I'm talking about the Dow because so far it's been the leading index, if the Dow is able, first of all, it needs to close decisively above yesterday's high of 31,000, what was that, 31,968, if it does that, that's at least a very good sign, if it does it after tomorrow without making a new high, that'll start a leg B, and then whatever happens, the MACD, if it's able finally to cross positive, and it hasn't been that way since it crossed negative just after the 21st of April, if there is a sign that the MACD is improving in the stochastic, which is really very weak at 20%, is able to get to the 27 or 28% area in the on-balance volume rallies, finally we can say, you know what, now we can start tackling all those resistance levels, and look, you've got the nine period moving average right here at about 31,900, you're just under that, you've got the 14 period moving average of 32,131, we haven't got there yet, even with the rally the other day, we couldn't do it, so there's a lot of work to be done, but you know, I talk about the Chapman Insight Track propellant line, you can see it in the deadie, we went under, but each time we've closed above it, but if you look at the weekly chart, it's very prominent here, so that the move that we've had since Friday, going into where we are right now at three, just almost 330 down 48 points, this is very important because to become positive at all, you have to start seeing this very ugly candle of last week with a high of 30, what is that, 32,689, and a low of 30,635, you've got to start tackling that, and that will take you right to the pink nine period moving average, so I'm saying to subscribers, it's a work in progress, we have some long positions in the Dow, they're holding, they're doing okay right now, I much prefer to see that the NASDAQ, it's not even so much to S&P, but the NASDAQ needs to get, it really has to show some strength because if it isn't, it'll just drag all the indices down, we're only talking about the Dow 30, but you've got the NASDAQ, which the company index is 100 stocks, and the S&P is 500, so this is early in the game, but I think we're trying to at least establish some kind of low in the 31,000 area for the Dow as some kind of support, so it's a work in progress, and I think that that's the way I'm looking at it, just in terms of the short term, once I can get some signals that suggest we've actually got a buy signal that's perhaps going to a buy mode in the daily Dow chart, I can start including, we've built up a huge cash position, I wanna start using that with positions that have the chance to not be a three day rally and then fail, but something that goes, for a couple of weeks, a good few weeks, so that's the position we're in right now. You know, it's wild, this time when I was just looking at something Basil has said, you remember, you know, it's not that it's unusual folks, but what happened this time, I was just looking, I just, as you were talking, I was bringing up the S&P and the, that's that composite and the NDX 100, and they all topped like within a week and a half of each other, and what has happened in the past folks is that sometimes it's like a couple months in between each other, right? So that's a very, yeah, that's a very interesting observation. My observation of major lows and major tops is that it fans out like right, January of 2000 and then March of 2000 with the S&P, so it's the down and the S&P and the semiconductor, et cetera. This is a little different. And that's actually, that's another reason why I'm looking at this and saying, when you look at the, look at this chart, if I had to tell you all the news since January that's been so horrible and you've got the doubt from 36,952 to 30,635, that's 6,000, that's a lot of points, but you know, 6,000 points with that kind of news. So that part of it impresses me, what doesn't impress me is that there are so many NASDAQ stocks that are just struggling and some of them actually are making money, they're good companies, they just be, they're in the wrong trend. Listen folks, very easy to get Basil's newsletter come over to our website at TFNN, you're gonna hit newsletters, you're gonna see it on the left-hand side, just hit that button, subscribe and you are off to the races. Basil you have a great one, safe one, we look for a show tomorrow. Thank you to all of you too. Thank you, stay right there folks, come right back. 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Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks, Dow. Dow Industries right now down 21, the Nasdaq's off 310, S&P's off 41. Now, check this out, folks, okay? So, I just kind of figured this out in the last couple of days. And so, in the downdraft of 1999 and 2000, right? One of the main reasons that everything went so quick, it was the first time that you had the queues, the spies, and the IWM. I believe that's all there was then. And I remember specifically when they started the queues because at that point, the American Stock Exchange actually owned those before they sold them to the S&P. And I had the vice president of the American Stock Exchange on the first day that they started. Okay, so now fast forward about a year and a half, okay? So now fast forward about a year and a half after they started, right? Maybe it's longer than that, I forget because I started on the radio at 94 and this is 98 or something, I'm not sure. But anyway, the gist of it is this. What had happened is that when the selling started, right? The selling was so fast and furious, people were like, okay, how did this happen and go down so fast? And then, well, it was last night at night before I went to bring it up yesterday. I think it was the night before. I'm sitting there saying, hey, man, do you know how many more? Okay, now I'm gonna bring this back just to 2008. Do you know how many more ETF structures there are compared to even 2008? And so you gotta remember something. Every time someone sells an ETF outside of the doubles and triples, because the way the doubles and triples actually work, well, maybe they may even have to get sold, but I think most of the doubles and triples, they're derivatives off and using other banks and I'm not sure whether they actually have to buy or sell the derivative or they're just taking the risk on the deal. Bottom line though, every one to one, I mean, ETF structure folks, okay, has stocks in it. This, do you know that this was, I guess it was about six months ago, what happened is that there's more people that own ETFs now than they own stocks. So, now let's talk about the present. Well, what happens at the present, of course, is that now what we have is that as you're selling, what ends up happening, of course, you're selling an ETF, inside that ETF, all those stocks have to get sold. Before, it was bad enough, you're dealing with the spy, you're dealing with the Qs, you're dealing with the IWM. Now folks, you're dealing with all those structures. So you can see why the volatility is higher. You can also see why the aspect that you can go lower much faster because it's the chicken-egg deal. You know, you sell the ETF, they're gonna sell the stock. As the stock's going down, people say, okay, man, I'm getting out, they get out, that ETF goes down. ETF goes down, they're gonna sell the stock. People cash in the ETF, they're gonna sell the stock. You know, you get the gist of it. It's pretty intense, there's no doubt. And with that, we're gonna go over to Kathy Wood, because this poor lady, I think, is losing her mind just a little. It's, this is sad, because watch this. This is, there's a story out here which she did over the weekend, which is absolutely insane. Let me see how I can find this thing. This might be it, I'm gonna... Okay, so the bottom line is that she came out with a tweet last night, I believe. And what the tweet said, right, was that we're gonna see an expansion like we've never seen in our life because of AI. It's like, oh man, okay, you know, she's grasping, which is sad, there's no doubt about it. And when you look at this equity, you know, when you look at what she owns, I mean, you know, this is the classic, it was Janice Funds during, you know, the dot-com bubble. And I believe Janice Henderson actually just, both CEOs just got five. So, if you remember that Janice, yeah, it was Janice Funds, that's who it was. They were the high flies that almost got as big as Fidelity and 99, and then all of a sudden, oh, there it is, you got it here. This one of the tigers just put this up for me. I gotta see how I can read this. Yeah, yeah, it says within six to 12 years, breakthroughs in AGI could accelerate growth in GDP from three to 5%, so this is crazy. That, hey, listen, I never know, maybe it's not crazy, but this is what it says, within six to 12 years, breakthroughs in AGI could accelerate growth in GDP from three to 5% to 30 to 50% a year. I don't know. I know one thing, when you take a look at this arc, it's in trouble, it's in trouble in a big way. I just did the, well, yeah, hold it, it's, let's see, it's, that's 78, 51, that's 25. Well, it's already below that. Well, here's another ABC down. So here's 72, 43, that's 30 bucks. Let's say it's going to $14. Yeah, this is a problem in paradise. Anyway, you know, she's, you know, oh, there goes the Dow positive. Dow's positive 29, and Aztec has a down 274 S&Ps, down 32, so this very well, you know, this will be a good week to test lows. That's the real bottom line, because the volume's going to be so light. What you don't want to do this week is go higher. But if you're looking for a really good bounce in this marketplace, what you're looking for is kind of like what we have right here, right now. That's kind of how, you know, basically, it went after the lows today, and there's not enough sellers. That's the real bottom line. So we'll see calendar-wise. Let me look at this calendar for a second. So calendar-wise, you got, okay, so we have no work Monday. That's a Memorial Day. You got three more days this week. That should be a sideways market this week. You never know. You could get a good bounce with window dressing, because you got to remember something with it. What also, what does end up happening is that in window dressing, folks, as the money comes out of our pays for our IRAs and all of this, okay, that has to get put to use or the money manager doesn't make any money on it. You know, so the bottom line is that it gets put to use, so that's money that's going in the marketplace. We can tell by these volumes right now that there's not a lot of participants. That's the real bottom line. So let's go take a look at Nike and what about Tigers likes to look at Nike on a continual basis to see where the market's going. And yeah, this is Nike just rejected. This is a classic. Okay, there's the first low and Nike's 105. Yeah, 105 flat, 10 million shares. Next one, 105.07, 7.6 million shares. Oh, this is good. Yeah, this is good, because this went underneath it. Oh, yeah, this is good, man. This is good, Dan. Yeah, this is something you want to look at, folks, because when I look at this, this is saying to me, okay, so one, two, I got that one there. Say, at least got to run to 115, and you might have, let me put this on a weekly. Yeah, yeah, 115, 120. You get to run to 115, 120. What it doesn't have, and this is, see that first bar, I get this on a weekly. First buy at 54 million at 139. Then I tested it with 31. Then I tested it with 31. That's, you know, if that state is 50 up there, then you can say I can go to 50. Where I'm going is that I'm going to lows of those numbers. Stay right there, folks, come right back. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up and coming areas, to the type of cash flow investment properties that are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. Toll free at 1-877-927-6648, internationally at 727-873-7618. I'm O'Brien. Welcome back, folks. Dow investors up 114 Nasdaqs down 233 S&Ps off 22. And one of the Tigers just did remind me, thanks, EKS, that the Fed minutes are tomorrow. So from the last meeting, that's gonna be a trip in itself. Let's go to Robert in Kansas. Hey, Robert, what's going on, brother? Hi, Tom, thanks for taking my call. Absolutely, thanks for calling. Yeah, can you put your eye on GDX and give me your thoughts? I know that you looked at gold earlier, and I was just looking at the volume on GDX and it seems both GDX and LCLV seem light to me, but I wanted to have you look at them and give your thoughts. Let's take a look. So you get the Lowes 2883, the Highs 41, and we take a look at this, baby. And you're gonna need more volume. I mean, if you don't own it, I'd buy it, though. I mean, my take is that the gold and gold stocks have finished their correction. So this thing's gonna make its way back to the Highs. Even if it has some light volume, what you'd expect is somewhat of a little bit of a retracement before it takes off. You've been doing this long enough, man. That's, yeah, the reason I said that, folks, is that what ends up happening is that for some reason in the gold stocks, everyone always wants to try to get a retracement and then the retracement doesn't come and then when the retracement comes, no one wants to buy it. You all right? You know? So, I mean, when I look at something like this, I don't wait for retracement. I mean, the Lowes generated at $29, you're at 32. It's like, really? Gold moves $3, GDX moves $3 in a heartbeat. Do you know what I mean? Right, right. So, I mean, your top end here is 41. So, you had nine bucks to the top side and three bucks to the low side. So, that's pretty good on risk reward, I think. I think so. Well, while you put that together, I mean, we don't do it separately, but you're putting this together with the doll will be failing, right? And then, like, so we get the doll laying out at what? 101, that's inside the range. And then, like I was just saying, if this market, you know, bottom line is having a tough time holding price, but the more times that this market keeps testing the Lowes, like right now, to me, the higher probability is that you will get a big bounce. And if we get a big bounce, the Goals will go with them too. Like, I mean, you can see, if you look at my screen, the Golds are all green out here. It's about the only thing that is green, okay? But we'll see. So, the overall market will pull the Gold stock up as well as it'll pull them down. They will, exactly. And what happens, this is what's really cool, folks, is that when you really get to understand this, right, is that when you look at the actual Gold stocks versus the market, they are much higher, relative to the market. What happens is that as the market does go south, however, right, everything goes south, except they don't go south as much as the market. Then, when the market gets a bounce, they go much higher, the market goes higher. You know, that's what I've found in the metals market in general, that's what kind of anomaly, that's how this thing sets up, do you know what I mean? You know, so, the GDX, I'd buy it. That's what it comes down to, you know? All right, well, thanks for taking a look. I appreciate it. Okay, man, have a great one, have a safe one. I think my screen's up now. Is my screen up, Al? Okay, good, yeah, it just got back up. Sorry about that, folks. Let me see, I can't see it, Al, with the other screen that we normally look at, though. Just so you know that. Let's go look at Google. You know the screen I'm talking about, Al, that I look straight forward, you normally can see it, but that's all right. So, if we look at Google, what the question is on Google is, have a high volume high. So, let's go put this in. Now, this is volume off the high. 3037. Oh, interesting. No, it's a high volume high, interesting. This one's a tough one, man. I wish I could really give you a definitive answer. Normally what ends up happening is this. See, the first high in Google, 3037, 22 million, right? And then you can see 3042. It is a higher high and it's a high volume, but at the same time, man, well, I know what I gotta do. This thing, let me put, do this. I gotta do this on a daily. So, I gotta see, I gotta break down. We don't have to break down. We just have to see how that hit the highs. Okay. Interesting, yeah. Yeah, so this is cool. You're right, man, yeah. This is a high volume high, man. Put this on a daily. Guess what? Your first high up there was 3037, you had 900,000. Next one, 4.4 million. Oh, man. The divergence in this market is sick. Okay, so check this out. The way this works, okay? You're not gonna like hearing this, man. So, when you get a high of 989,000, and then you get something that is four and a half times that level, that's not good either. Be like a blow off high, you know? That being said, though, I mean, let's see what it's going into right now. Google's not gonna be going out of business, that's for sure. Yeah, I wouldn't be buying it here, though. Nope. See, would you have a Google? So, picture this. We went up so fast. This, you know, this whole market is amazing. And if you don't understand Fibonacci, folks, you absolutely wanna at least understand the concept of a .382 of one, a 501 and a .618 of one. And the reason is just so you can understand that when markets either go up or come down, they like to go to those numbers. And so, what has happened here is Google right now is at a 50% retracement. And if you remember, you know, before we were coming back down, you know, I was talking about it, Tommy was talking about it, the aspect of, hey, man, if you did a 50% retracement, this is gonna be pretty freaking intense. Well, sure enough, it's not only intense, it's really intense. And it looks to me like Google doesn't wanna stop. So I was like, okay, you're gonna go to do a .618 retracement. And that, you know, that's how these things are set up. Snap is the one that basically started the action out here today. Snap's an ABC structure down to $9. You hit a low there, 12.55 today is blowing away the B point, of course. Take a look at this. It's even a big one, interesting. There it is right there. So your A point on this is 39. Let's call it 40. Your B point, oh my God, it's 21, that's 19 bucks. Oh yeah, 19 bucks, actually you have $5. This is an ABC structure down to five bucks. Yeah, there's a few problems and paradise out here. No doubt about it. Microsoft, let's go take a look at Microsoft out here. Now Microsoft is the most owned stock in the marketplace right now. It used to be Apple, now it's Microsoft. That says of yesterday. So Microsoft is flat. It's down 59 cents, so it might as well be flat. We put this, it's an ABC down too. This is an ABC down, man. 184, 216, if it is, 344, 270, 74 bucks. Well, it probably finished 253, 63, around there. Yeah, sorry, there folks, time right back. 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're already in 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. 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The thing that's amazing is that just think about this. That Elon, you know, literally only, you know, approximately what, two, three months ago was selling stock at 1,250 bucks. 1,200 dollars, 1,150. You're at 627. This thing's making its way, you know, the bottom of the 2021 is 539. Your ABC structure's 502, but once you break 539, man. Well, the 502, I see, 502 would be next anyway. 502's the high going back on the, what's that, 9th of September. Going, 9th of September of 2020. And what has happened as a, and Duffy was talking about in the den, is that, yeah, you have many of these equities folks that are already back to February of 2020. That's where this thing is going, man. You know, when you take, let's just go JP Morgan. We'll go look at, you know, Jamie Dimon, he's trying to pump this thing up yesterday. A bottom line, you know, it's up at 126, but watch this. If JP Morgan, man, has already dug into it, you know, the low of 2020 was $76. The high was 122. He just traded down to 115 this month. And there's no juice in JP Morgan at all, at all, zero. So I don't think there's gonna be a lot of traction out here at all, also. Facebook, Facebook's taking a beating out there as is Instagram, Pinterest, I mean, yeah, Pinterest. So Facebook is going after a high volume low of 169. We hit 176 today. This is gonna gap low, man. Unreal. Always remember, folks, to back and claw your hat out, the bull can run you over. And thank God, there's always another trade. Health, average, and prosperity. Have a great night, folks. Have a safe night. Come back and visit Tommy tomorrow morning, kicks us off, nine o'clock in the morning. Great show, folks. Rih, I'll get them, folks.