 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 Ben and San Jose. Ben, what's going on, brother? Hey, Tom, how you doing, man? I'm doing great, man, yourself? I just wanted to thank you and your team and everything. I've been using your technique with the 10 minute charts, watching the VIX and just making a fortune here on the futures. Isn't it interesting? That's awesome, man. It's wonderful. Thanks, Tom, I appreciate it. Okay, man, have a great one. Have a safe one. Now, Tom O'Brien. Welcome, folks. This is Jacob Schup filled in for Tom O'Brien. I will be with you this week. I'm getting the chart into the den now. Let's take a look. We have the ES Mini trading about 43.87. We had some big movement to the upside today, topping out about 12.30 in the afternoon and we are on the retreat back down. We'll see how that shakes out by the end of it. We got up to 44.23, trading at 43.87 currently. The Russell futures trading at 1,778, 17.78. Again, big movement, not as much as a crawlback as the ES Mini did, but a crawlback guardless from its highest point of the day. NQ's trading at 1,595. Same kind of motion we're seeing and we'll see it again with the Dow as well and we're getting back to the open. We are moving back towards there. So we'll see how we shake out today. Might be kind of closing a little bit low today but we will see how that goes out. Gold kind of stands out of ways here at 1,935 and 70 cents. Silver at $23. We have copper at $3.57. And then Light Street crude, I'm moving too much. We're at 86.95, some big volume on the up about maybe half an hour ago and then the Brent trading at about 90 bucks. The dollar still sticking at 106.20. Any movement down from here is gonna be really positive for the rest of the market. So we'll have to see again how that shakes out as well. QQQ trading at 367 Google, 140 Meta. We're at 322, Disney, 85, 70, Apple. We'll talk a little bit about them today. They're losing some market dominance in China. iPhone 15 sales have not been so good over there. We had Tim Cook visit China in the midst of all of this. Let's buy it for 35. You take a look at Nvidia, they are down a little bit. About 23%, excuse me, 23 points right now, about 5%. So what essentially happened is the US is enforcing new trade restrictions with China, eroding China's ability to get more cutting-edge chips. The new restrictions are designed to close loopholes on export controls announced a year ago. The current administration said it is seeking to prevent China's military from importing advanced semiconductors and chip manufacturing equipment. Tidier controls will target Nvidia's A800 and H800 chips, which the company created for the Chinese market after the initial US trade restrictions last October. These chips are less capable than Nvidia's top-of-the-line graphics processors for artificial intelligence. Earlier trade restrictions prevented semiconductor supplier ASML, they do all the lithography from selling its advanced lithography gear to China. That would allow China to develop these chips over there. And then, let's take a look at AMD real quick here. So Nvidia's primed and why they're so strong is because their chips are used to train the new models, but AMD's chips can be used to just kind of maintain them. So down marginally on the daily, I'm gonna pull this out to yearly. We have 132 at the high here, and we had a steady decline to pump up into 100 on a not significant volume and trading in this range, really, of 110 to 100. You know, again, the idea of like, Nvidia gets hit very hard on this. It's two ways to look at this, right? Like, Nvidia, again, has very, very cutting edge semiconductors, right, processors and all of this. That, like I said, is being used to train these models, whereas AMD just is used in order to support them, if that makes sense. So, Nvidia obviously can get hit pretty hard, right? If you're cutting state-of-the-art kind of training chips, Nvidia gets hit hard on that. If you're cutting all kinds of chips going, Nvidia obviously gets hit hard, but then AMD gets hit hard as well. Not a lot of action with this stock. Obviously, you have some pretty intense movements up, down from a low in September, about 94, 12. Low of the year is trading about $80, $79 around here. But again, no substantial volume. I think really the entity that got the most fame out of this whole AI kind of rush would have been Nvidia. So, yeah, it's something to take a look at regarding that. Nvidia is still obviously pretty strong. I mean, a 5% decrease after it's pump-up in about May is not anything bad unless you're buying at these higher levels. But if you've been holding prior to that, you're still sitting pretty and you can probably absorb some losses like this. So that's what's going on in the chip sector. We talked a little bit about retail sales. Did very well in September. There's no consumer slowdown in sight according to it. Obviously, that is not what the Fed has been wanting. But yet, the consumer persists. The retail sales rose about 0.7% in October, excuse me, in September from the previous month. More than double the Wall Street estimates for a 0.3% growth. Sales excluding auto and gas increased 0.6% above estimates for a 0.1% increase. And that was compiled by Bloomberg. The August sales were revised up to 0.8% and previously reported 0.6%. So this obviously gives a snapshot in consumer spending at a time when economic data has been coming in largely stronger than expected despite the Federal Reserve's interest rate hiking campaign as a central bank seeks to cool inflation. And things really are still getting expensive. So I'm curious to see where this spending is coming from. And I would reckon a lot of this more than people would be comfortable with is coming from essentially credit. And so I'd be interested to see kind of that report. Jamie Dimon on Friday noted that the consumers and businesses are generally remaining healthy. Their cash buffers are being spent down. Something to keep in mind as well. And the Bank of America CEO, Brian Moynihan, described the state of the US economy as one in which the consumer is still spending ahead of last year but is continuing to slow. And that is true Bank of America as well. They popped up about 10%. But they are a warning of a slowing spending by Americans. Charlotte NC Bank earned a profit of about 7.8 billion or 90 cents a share, which is 13 cents better than Wall Street had expected according to a survey of analysts. It also tops last year 7.1 billion in profit. Most of the higher profits came from higher interest rates on loans. Of course, with net interest coming in about 14.4 billion compared with about 13.76 billion last year. Give me a second here. My computer all caught up. Take a look here. Oh, and we got the break. Well, when we get back folks, talk just a little bit more about Bank of America and the banks in general. We have Basil and we have Tim Ord on today, which is fantastic. So folks, stay tuned. We'll be right back. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks, and options. 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Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back folks, this is Jacob Shoup. I believe we have Basil Chapman on the line, Basil, are you with us? Yes, I am, hi Jacob, how are you? I'm doing well, how are you doing? I'm good, thank you. Good. What are we taking a look at today? First, how's the weather where you're at? I know you're on a little trip right now. Yeah, it's good, very nice, very nice. Lovely, good deal. Yes, so I thought I'd just give you a little, kind of an overview of just exactly where subscribers from opening call are, what we're doing. So on the 1st of August, the Dow hit a high of 35,679 and we had one indicator that the day before was giving us a signal to say that there should be a sharp turnaround. So we were fortunate right on that day to go short and we are still short. But in the context of the down groove that we've had, because I had the exact same signal that gave the sell signal, gave a buy signal on the very short term. And the reason why I say short term is that if you're looking at this chart I'm showing here on the left, you'll see that this bar right here coincides with the on balance of volume making a low. But at the same time, this middle chart, that's the weekly chart, there's this little line right here is pink. And that means that the nine period moving average has gone under the 14 period moving average. It hadn't done that since May. And since, well, the last time was in May, I think it was the second week of May. So to me, that is significant. That's the reason why I'm calling this a short term rally. And then we probably have to do some kind of retesting just where is going to be the issue. But at this particular point, I do see the signs that this upside is limited to a certain extent and then we've got to go sideways. And to go with that, the SMHs, which is a semiconductor index. This has been, as far as I'm concerned, as long as I've been watching the market, I always say that wherever the semiconductors go, there's a really good chance that the market itself is going to follow in that direction, either the semi-mised lead or they kind of just behind. And in this particular case, they made an all-time high on the 31st of July, 161.17. This SMH is a symbol. This is a Van Eck semiconductor ETF. Well, that high was just two points above the high of November. And it's incredible. If you look at this chart on the right, that's a monthly chart. Look at that V-shaped pattern that went back to almost the exact price within two points. It's actually less than two points. And then it turned down. So we were fortunate in using the same techniques two days after the high was made within two points of the all-time high. We went short to semiconductors and then we used the three times short SOXS as a trading vehicle. We're completely out of that, but we've still got the short SMHs. And you can see by the chart on the left. Look at these little trend lines here. This is like a little mini-channel. And that's, I call that a repellent zone. See how the price keeps getting repelled? So you can see the semiconductors are somewhat weak over there. And the weekly chart is still looking good. The 9p moving average hasn't turned down. So within that context, I think what we're looking at is the situation where the larger trend, which is still down, has this, I'm calling it at this point, a counter-trend rally. And I'm watching very closely. You see the semiconductors and even today with bad news about the semis, it's only down two at 147. I would say that if you start to trade under 143, that's serious. At this particular point, I'm watching it very closely. And as I said, it got repelled. And then I'll do this in my show tomorrow in the Tiger Technicians Hour at 10 Eastern time. I'll show the exact movement of the blue lines and the green lines all within this channel. It's just amazing how that works. How you can get a diagonal line and somehow that line knows that it's proportionately lower and yet I can understand a horizontal line. If you had 20, you keep hitting 20, but this has gone from 161 to 167 and then 154. It's just amazing how markets do that. So anyway, as it stands right now, using this as a counter-trend rally and we did for subscribers, we bought a gold stock on Friday because at this particular point, you can expect that gold being the currency of fear is still, it's active. It's not really pulling back very much off the spectacular Friday. And one other thing that we're looking at is the dollar. I'll just show you the dollar right here. It's holding steady. And for subscribers, we belong to the dollar for a very long time, still long. And it's in this channel in the daily chart. You can see how beautifully it's held inside the channel lines. Then it went out of it. And right now it's indicating that it might want to store right here. So I'm watching these very close, that these time frames, that's the daily, the weekly, the middle and the monthly because look at the one in the middle. This is the weekly, that nine-period moving average is very strong over the 14 and the price is way above. And the MACD that I use is very strong, the statistics at 88%. So so far, the dollar's not giving me any signals in the intermediate term that it's turning down. Very short time, we're gonna be watching it. Do we lose basil? Yes. Oh, hello. Sorry, I think your mic might have cut out, but it sounds like you're back. So please keep going. Oh, I don't know where I got lost. No, no, it was just like a second ago. Okay, so the dollar is 105 is key support in the short term. But the weekly chart is still very strong. And if I can just show you the gold right here, this is the GC contract, holding very steady, just made a little triangle formation that is holding very well. Weekly chart doesn't look that good. My contention is that if there wasn't this conflagration in the Middle East, that the gold, it goes on its way down. This really kind of saved the day for gold. But as I said, I call it a currency of fear. And as long as that fear is there, gold is going to be in play. But it's still got a lot of work to do for that weekly chart to improve. Very good, very good. Yeah, the gold has been interesting to me as well. Obviously you had the dollar break a little bit. And I feel like gold recovered quite a bit from like the 1870s up to what now? We're trading, let me see, 1937. And really with that, not that much of a pullback in the dollar. So I don't know, this is the first time I'm really like, this year I would say, really beginning to understand the relationship between the two of them. And man, what a wild ride it is, trying to figure that out, you know? Yeah, one of the things that you have to try to do and we've done that for about a year now is that all those old relationships of oil rallying and then that usually takes put pressure on the market. The bonds rallying means yields come down. That's really good for the market. The dollar going up, gold goes down. I think we might have lost Basil again. Oh, now we got your back, sorry. I won't move my head. Right, right, stay very still. I don't even know the technology, right? So look at the VIX index. The VIX index is at 17. Above the support level that you can see in the monthly chart there's this huge support level at about 14, 13 to 14. We're above that and actually the market's holding pretty well. So all these different relations, I would contend that if the volatility index on any particular day starts to push into the 22s or higher. You've got to be very careful of the market then the market will start to go back very dramatically. Fantastic insight, Basil. Thank you as always. I hope you enjoyed our time and we will see you tomorrow at 10 a.m. Eastern time for the Tiger Technicians Hour. Sure. Take care, Basil. Thank you, check out. Bye-bye. Folks, stay tuned. We will be right back. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter. Steve's award-winning newsletter, Mastering Probability is delivered every trading day with updates throughout the afternoon. 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In the Tiger Zen, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tigeresses as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. So it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. 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. We have the ES mini trading at $43.97, Brussels at $17.81 and Q's at $15.219. And the Dow futures at $34,126. I believe we have Tim Ord on the line. Tim, can you hear me? I sure can. How are you doing? Ooh, can you hear me? Yep, yep, I'm perfect. I'm good, I can hear you. Good, how are you doing? Good, good. Good, fantastic. Well, we got your charts up here. The first one we're looking at is on gold. I'm interested to hear what you have to say on this. All right, yeah, this is actually the gold chart and it goes back to a long time, 2005. And I put some cycle lines on there. There's a red cycle line and there's a blue cycle line. And one, the red one's an eight year cycle line and the blue one's a 16 year cycle line. Anyhow, over the course of years, the eight year and 16 years, have done a good job picking out decent lows. And the last low was picked out in what, 2016. That was when the eight year and the 16 year corresponded right on the money. And now we have the eight year coming in effect. I present this chart at least six months ago on your program and late 2003 or 2023, the eight year cycle is gonna hit a low while we're hitting it right now. And it seems to be lining up pretty well. I did some Fibonacci stuff on this chart from the low of 2016 up to the high of 2021. The market gold itself, this is the cash gold, only your trace at 38.2% retracement. So that's a small retracement. If you retrace anything less than a half, a lot of times this is at least a halfway point of the next move up. So we could see a powerful rally, I think, coming. We got the cycles about right for a rally. The Fibonacci relationship seems to be working out. The more times you test to high, we tested that 2000 high a little bit actually over that. Three times, probably the next time we go through, a lot of times you go through the third time. But the fourth time even gets a higher percentage that you'll probably break through that 2000 level and head on up. The top window is the RSI of, this is actually a monthly chart. But when the RSI is above 50, usually that's when the uptrends happen. That's, I noted it all in blue there. So we had a kind of a bear market starting in 2012 down to this 2016 low, that's when the RSI was below 50. And in general, the state above 50 and we're currently above 50 right now, we're at 5450. So we had a little dip here last year, but we got back, RSI got back above 50. So there's quite a bit of evidence that important, something on a bigger timeframe is about to happen. And this is on a monthly timeframe. So Fibonacci say, you know, this is probably a halfway point to move up. The cycle work is on for a move now. The RSI has been above 50 for the last about year, I think at the last August is hit that low. And so everything's kind of set. So let's move on to the next chart. And that's gold. So gold, it looks really bullish going forward here. So let's look at the next chart, chart number two. We got it right here, GDX ADP. Yep. And this is at the monthly, the top one is a monthly GDX and the bottom window is a monthly GDX up-down volume and it's a cumulative. And the next window higher, which is the middle window is a monthly GDX advanced decline cumulative and it's cumulative volume. And there's a couple of things that I wanna point out. These, when these give signals, a lot of times are multi-year. So this is not a short-term chart. And so far what I wanna really point out, if you notice, if you go back to 2012, both those indicators closed below the mid-Bollinger band and that's your cell signal. And if they bearish all the way into 2016 and then they closed above the mid-Bollinger band, that's the blue line. When it closes below the mid-Bollinger band, it's a red line. So you can see, it gave a signal in 2016, stayed long and too late 2017, gave a cell signal, then gave a bicycle back in 2019, gave a cell signal in 2021. And right now, both indicators are still below the mid-Bollinger band. But I have shaded pink areas there to identify times when this gets below extreme lows, I guess you might say. The lowest it's ever been was 2016 on the middle chart. Touched that level in 2018. But we've been in this yellow or this pink area since 2021, kind of more or less kind of trended sideways here. We got above the mid-Bollinger band, they actually a couple of different times and kind of came back down. But I think once the next time it turns up, probably gonna just stay up. But we're in an important area according to history because we're in that pink zone, this middle chart right now, the pink zone, which I think is a very oversold condition. A lot of times you get this oversold, you really get good rallies out of it. And the bottom window, which is advanced or which is the up-down volume, it actually got below the 2016 low. So it's really on a historical level, extremely oversold. And it too right now, is still below the mid-Bollinger band. But these are big timeframes here. So once they do close above the mid-Bollinger band, at some point they will, I think will probably be sooner than later, they are late giving a buy signal, but they basically get majority of the rally. So even though they haven't gave buy signals yet, but it flipped to chart three. So this is a, yeah, the chart three, the previous chart, chart two was a monthly timeframe. This is the same indicator, but on a weekly timeframe. And so they're gonna get shorter signals, these are multi-month signals. Most of them, they're usually anywhere from two months to six months signal. So you'll get where the monthly charts may stay long for two, three, four years, the weekly cycles will give, cycle in and out of a short term signals that may last a couple of months, may stay a long or short, maybe six months. The last signal it gave on both signal or on both indicators, which is the up-down blind cumulative and the advanced blind cumulative was back in April of this year. It gave a sell signal as both close, or either one can close below it, either one does, that's the signal, but both turned down in April of this year. And now for the first time, both are closing above the mid-Bullinger band. So I hear the music, so. Yeah, hang on, Tim, because I wanna keep hearing some more about this. We've got some few charts yet to go through. Folks say, too, we'll be right back with Tim Ord of the Ord-Oracle.com. Go check them out, we'll be right back, folks. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, educating investors. 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TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den, available to all tigers and tigers for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks, this is Jacob Schup, filming for Tom O'Brien. We are with Tim Ord of the Ord Oracle, that is Ord-Oracle.com. Left off, we're looking at the GDX. Tim, are you still with us? Yep, I'm here, so. Fantastic. Yeah, we can continue. So we looked at the yearly gold going back to I think, 2005, wherever it was. All the cycles of works are in sequence right now. Then we looked at the monthly cumulative up-down volume, advanced client indicators. That was chart two, and both of them are extremely oversold on the monthly time frame. They haven't closed above mid-bollinger band, but now we're looking at the weekly up-down volume, advanced client indicators. And now we have closed above the mid-bollinger band. So the weeklies are on a buy signal. I didn't show the dailies, because the dailies actually flipped to a buy signal here, I don't know, a week or two ago. So they're more responsive, but they whip around longer or more. The weeklies are less wippy, but they're still a little bit late, so you didn't get in at the bottom. But once you get the weeklies turned up, like I said, you don't get whipped around a lot, but I'm saying, we're just starting to buy signal on the weeklies. Most of those signals last at least two months, and a lot of them last six months. So this signal is probably good all the way into year-end. So in general, we think we're probably gonna move in the all the way into year-end. And if you flip back to chart number two, for a second anyhow, if the weeklies are on a buy signal and it runs into year-end, the monthlies will flip to a buy signal because both indicators will be going up. So if the monthly flip to a buy signal, chances are, this could be a multi-year buy signal currently going on. So this may essentially go all the way into 2025, maybe 2026. So this could be a big signal. The market's just been really kind of choppy since 2021. We need an impulse wave to start. And these indicators suggest that's probably gonna happen here over the next month or next couple of months. We're probably, on a bigger timeframe, we're starting an impulse wave. And actually that impulse wave, my opinion, probably started last August. This consolidation we had down from the April high was just part of a bigger uptrend. But anyhow, we do think a multi-year probably rally is starting here. So anyhow, it's pretty much all I have to say about that. Yeah, fantastic. We can, you have questions on it or? No, no, I think this is a very convincing analysis on that. Okay. We can go to chart four. Okay. Right here we have. We're gonna switch to the S&Ps, both the four and chart five are on the S&Ps. And this is what I like to happen. This is a swag breath thrust indicator. In a nutshell, it's the advancing issues by total issues and take that and do a 10 day average. And so when it has to hit down 0.4, it has to run to 0.6 in 10 days. In general, this mirrors what this swag breath thrust indicator really does. And so we did get a reading below 0.4 here about a week ago and we need a run now to above 0.6 by October 19th, which is Thursday. And we're coming in right now around 0.53. So in general, for this to trigger, we need the market to actually continue to rally into this Thursday to trigger this indicator. Why is it important to trigger this indicator? This indicator is good for picking out near midterm lows. If you notice, I have the red and blue lines across the chart and that tells you when the swag breath strength indicators was triggered. If you notice, they all come at powerful bottoms and we had three triggers back at that in the solvation phase from 2022 to 2023 all around that 4,000 level on the SPX. And you got three of them in that range. So that was a very bullish signal to get three over that time period in a year. So that's why it was kind of extremely bullish in that sideways consolidation because it triggered three breath thrust you know, the swag breath thrust. It did it three times. So that was pretty powerful signal. I'm hoping it's gonna do it coming into Thursday. And it does do it in Thursday. It doesn't really need to, but if it does, it would add to the bullish picture because I'm thinking we're gonna probably rally all the way to the year end. Not saying we're gonna have some mild consolations along the way, we will. But in general, that'd be a powerful sign if this indicator can get above 0.6 by Thursday and as possible, you know, the market is off a little bit today, but if Monday or if Wednesday and Thursday rally that may trigger that 0.6 area and that's all we need. So we'll do it. Not for sure. We'll have to wait and see. But here's another indicator on page or last, we're gonna pay our chart five. And this is a 10, the second window up from the bottom is the 10 day average of the trend. And usually when it gets above 0.2, it's a bullish sign for the market. That's when panic happens and a trend reading above 1.2 is usually a bullish sign, because that's where more selling, in other words, volume goes into the downstocks and that's usually a good sign. That's what bombs are made of. And when it gets down below 0.9, that's usually kind of a worrisome sign that the market has rallied too much too soon and usually you get pullbacks and all the red lines on this chart show the times when the trend was 0.9 or lower. Currently we're at 0.86. Sometimes this can be a little bit early. So if we do rally this week, this is Ops X Brace week, which normally has a bullish bias. And so we could spotly rally into Friday. If we do, we'll probably have next week down Ops X Brace week, normally lean is bullish. So it kind of has a bullish lane. And this indicator, even though it was 0.86 on a 10 day average, it can delay a two, three day, before that very signal tricks kicks in. So if the market does rally, I'm still thinking we're gonna have a pullback in the market. If it didn't start, it may be Friday, it'll probably start next week. So how big the pullback will be? Don't know. It could be at worst case 4,200. We could test the previous flow at worst. But it would be a pullback that you should buy because the bigger trends up, I think we'll hit new highs going to a year in and we're entering into one of the most bullish seasonally periods that start actually after next week, at the end of October, the first of November, usually starts a really bullish seasonality. So, but it could be a little bit choppy between now and then, I'm thinking. So gotta be a little bit careful here over the next couple of weeks. Absolutely. Tim, thank you so much. We're really looking forward to Tuesday to see if the spike, the breath indicator, excuse me, the thrust, how that pulls out. And just thank you so much for coming on. It's always a pleasure. All right, thank you. Tim, have a good day. All right, folks, be right back. Just stay there. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. 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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. Don't forget, you can listen to tfnn live on your mobile device 24 hours per day. Go to tfnn.com, then hit watch Tiger TV. That's tfnn.com, then hit watch Tiger TV. Welcome back, folks. Again, we were just speaking with Tim Ord of the Ord Oracle. That's ward-oracle.com. He'll be with us again on Thursday. Always a really fantastic insight. I want to take a look real quick at Apple. They're down a little bit. So, essentially the news is, is that they're losing their market share dominance in China, okay? Huawei is beating them with their Mate 60 Pro, and that actually has a Chinese processor in it, which is going to be pretty substantial for the Chinese people and the economy there. Really, what happened is they had anticipated Apple, I mean, had anticipated their iPhone 15 to be a pretty big juggernaut and be pretty dominant. However, they're probably going to experience about, some analysts are looking at a double-digit decline in sales for the phone this year, which is pretty significant. The volume growth for the iPhone has been negative since the launch of the latest model. Industrial reports previously showed that Apple cut production of the iPhone 15 by 8 million units leading up to its official announcement. Huawei, phone sales in China experience high double-digit growth in 2023, and that outpaced Apple amidst slowdown in smartphone sales for the region. And as more of these regions around China develop a little bit more, you could see Huawei trying to push dominance into those countries as well, which obviously would be desirable for Apple to get in on. So we might see a real competitor here to the iPhone and other parts of the world, which obviously make up majority of the consumer population. Huawei launched the Mate 60 Pro, it's latest high-end smartphone with a made-in China processor. It's not as advanced as Apple's processor, but it's still pretty advanced for China. So that's what we're seeing there. Disney closed in at about $86. We'll wait to see you guys in about four minutes to close. We'll see if there are attempts to try to climb back up work. Folks, thank you so much for joining me today. I'll be with you again Wednesday, Thursday and Friday. Tom O'Brien will be back Monday. Hope you all have a great evening, and we'll see you tomorrow at 9 a.m. with Tommy. Take care now.