 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 Alan Tamp. 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. Oh, it's to you because if it wasn't for your prompting, I would have just assumed, you know, no way I would have gotten anything. So I wanted to thank you. No, we appreciate you growling a problem. Let us see it. Now, Tom O'Brien. Welcome, folks. This is Tom O'Brien, a TFNN. We have five days a week. We go seven hours a day. We go 24 hours a day on the internet at tfnn.com. Always remember, folks, whatever you think about, you bring about whatever you focus on grows. Hope everyone's having a great day, safe day. Let's make it a great week, folks. To begin a great relationship, know what you want. Know what the needs of your body are and what the needs of your mind are. And what fits with you well. There are millions of men and women. Some of them will make a good match for you and others won't. The two of you only need to be like a key in a lock, a match that works. Knock it wise. Let's take a look at it out here. We have the Dow Industrial's down 764. Nasdaq's off 467. S&P's off a buck 30. Gold, gold contract trading down $44. I mean $50 at 18.25 an ounce. Silver down 77 cents at $21.16. Platinum's off 44 at 9.26. Light, sweet, crude. Flat, pretty amazing. It's the only thing that's flat in the whole market. $120.64 a barrel, notes and bonds. This is some heavy note and bond action, folks. You get the 10-year right now, trading down 1. plus 19 ticks. The 30-year is trading down three points at 132.14 and king dollar. King dollar's up almost a full penny. It's up 927 ticks trading out at 105.06. The euro out here is at 104. The yen is at 134 and the British pound is at 121 to one US dollar. Our phone number is 877-927-6648. Give us a call, folks. One note's going on in your world and the world of the S&P's, let's take a look at them, what do you have? Well, the bottom line is that we have broke price, that's for sure, the S&P is gonna be close whether it's gonna be a confirmed ABC structure on the way down because what you have here, the S&P, why? Is that thus far we have volume of 100 million. Oh, that was quick, one second. And we need 131, yeah, we could get 30 million, man. The bottom line is that the B point on this is 380 or 376, so it's broke as well. Now the NDX, and I take the NDX, we're gonna have a confirmed one. I mean, you'll get the volume inside the NDX. The NDX right now, the three Qs. Right now, 67 million, we need 91, this will blow this away, man, in a big way. And folks, this is, let me go back to the S&P because I go back to the S&P, this is serious business, man. You gotta take a look at this S&P, you're at 3,700. When I bring this up, this ABC structure down, okay? I'll do the S&P, but this ABC structure down brings you, well, actually I'll do the exact number, I had the exact number, I don't think, I don't know, it's 3,150, it's a nasty number. That's the bottom line, it is a very nasty number. We're gonna take a look at the gold contract. Gold contract gave up everything that had done on Friday, this is, and it was so wild actually on Friday. Bottom line, the equities went higher with volume, all of the above, bottom line is that what we just did here is that you did give it up. We went from a price point of 1882 down to 1823 and you're laying right there at 1824 right now. We go over to the dollar, now this is the scary shot, meaning the market is showing that the dollar, the market can't stand a strong dollar right now. The bottom line is that this ABC structure on the way down has been in place, meaning in the market, okay? Broke it today and, you know, man, it's always a trip, but you better calculate, well, I'll get these numbers for you to calculate and you gotta figure out what you wanna do here. So the dollar, now watch this, folks, okay? Because this dollar could be, and if this is ever, you know, first off, it could be an ABC structure up, okay? Right now you're over, it's 103.820 and you're over by, you know, a point and a half right now. Now the last high that was generated last week is just where we are, but this is the pot that could be really problematic for markets. We put this back, what you're gonna see, if this dollar is gonna run to 120 and it very well could be, the highs that were generated out here in 2001 were 121. We run to 121, man, you're gonna see a lot more destruction. If we go take a look at the industry volume right now, the industry volume has been picking up in a big way. You got the NYSE right now, it's 731. So if we go back to May 20th, for an ABC structure down, you need 1.2 billion. The composite, okay, has the volume. The composite right now, you're already at 4.4 billion, okay? We need the 20th, we need 5.4. The composite of the ABC structure down, man, I mean, and it's a monster. It is a monster, it's gonna be like one of these deals, you know, that the bottom line is that, like the rest of these equities that are back to May, I mean, February of 2020, you're gonna see the indices back to February of 2020, and that's gonna, and you gotta remember something, an ABC structure down, we're on the C to D, that's a straight line move. You got Apple down, four and a half dollars, Amazon's off five and a half, Advanced Micro, seven and a half. You got Nvidia down 12 bucks, you got Microsoft down 10, Tesla, T-E, oh, T-S-L-A, Tesla, this one here, he came out with a warning today to his workers that be prepared for a tough quarter. Now, Tesla got 500 laid out on it, right now, where it's six-something, where is it right there? What is that? Yeah, 502, I suspect Teckel's gonna have to 502. It breaks 502, guess what, man, Tesla's gonna be down into this 193, which is just a total mind blow, I know, but guess what, the destruction that's out here is fast, is furious, is all of the above, and there's still, you know, really not a, this was the building cause, and understanding what cause can do, folks, on the way up or the way down is really important, and that's what this whole bounce was about. We did less than a .382, you know, just a .382, blows it away, and I suspect what we're gonna see here, we're right into the close, this is not gonna stop, man, this is not gonna stop, but this is a basic setup because the bulls and bears fought the first 40 minutes, gave it up, once you give it up on price, the volume starts accelerating, the area 214, 314, you know, of a break, they're going south, man, and the volume will accelerate. Stay right there, folks, we'll come right back. 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Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open. To give you the competitive informational edge you need to succeed, these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today, and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, Educating Investors. Everything in the universe is governed by the Fibonacci sequence. 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Dow Industrial is right now down 787. You get the Mazdec off for 80 S&Ps, they're off 135. Let's get it over to our mam and Steve Rhodes as we do each and every Monday at 20 past the hour. And don't forget, folks, Steve has an outstanding show here every trading day, one to two instance at a time. Also great newsletter, Mastering Probability. Now it's very easy to get Steve's newsletter. You can move it out of our website at TFNN, get newsletters, you're gonna see Mastering Probability right on the right-hand side. You just hit subscribe. You get Mastering Probability for one month for $149. You get it for six months for 6.95, which is a savings of $199.22. And you get it for one year for $11.95, which is a savings of $593.33%. Now they all come with a 30-day money-back guarantee, folks, so you can check it out. Steve's got a lot of archives on there, really gets to understand how he looks at the market each and every day. So check it out right here right now. Steve Rhodes, what's going on? Well, I'm hoping that we're gonna see something we haven't seen for 39 years, and that's a three-peat with regard to the Tampa Bay Lightning out there. So the last time that there were three straight Stanley Cup wins out there, actually came from a team that probably nobody, I know I would not have been able to guess this, but it was the New York Islanders. Islanders, yeah. The only reason I knew it is that they said it the other night when I was watching, when you were watching, the same thing. Ah, perfect, perfect, perfect. So the other two times have been Canadian teams, twice by the Maple Leafs and twice by the Montreal Canadians. So let's see, you know, we'll see if they can do it. You know it's wild, so check this out. So the coach at that time was John Connoff. John Connoff is from South Boston. Every day, listen to this, man, this is so sick. They lived down the street from me, him and Teddy. I would get down there, and that's where the Greyhound bus was, so it was all cement, and we would shoot pox every single day. He's about 10 years older than me, at least. He played from BC, but isn't that crazy? That's the event. Oh, it's great. Yeah, I know. That's great. It's gotta be pretty heavy, you know, a lot of excitement in Tampa's gotta be. Oh, big time. Dude, can you believe, folks, if you saw this game, right? Stephen Stamko's, man. Woo! Especially the shot, he was so far away, man. That's when, I mean, if you saw the shot, folks, he was so far, the goal, he wasn't ready for it, man, because it's like, he was 10 feet away from the blue line. He just fired it, and it was awesome, man. I know. Yeah, but it's still coming at 95 miles an hour. It is, it is, man. You know, so. It is. But, hey, so, you know, I thought what we'd do, yeah, let's go into the market. So we began 2022 taking a look at all of the TD9 Count topping signals that were present in the markets. Yep, I remember this well, man. Yeah, and so, folks, it's one of the tools that I teach, so if you don't know the pattern, you really should learn it. You can sign up for Mastering Probabilities. You can do it for 20 and eight days. It doesn't cost you anything. But if you're a technical trader, you really want to understand this pattern out here. Gave us a big warning sign, and now what we have is, at least right now, as of 321 in the afternoon, we've got the NDX, the Russell 2000, the semis, and the NASDAQ composite, all trading below last year's lows, which is a real bearish signal out there. So, what I thought that we could do. You know what we gotta do, Steve? I don't mean to interrupt you. I'm gonna find that clip, that when I was interviewing you, because I remember that so well, because I said, yeah, because, yeah, we're gonna find that clip. I'll find it this week, for sure. Yeah. Yeah, because there was nobody thinking that that was even a possibility. No, totally. Totally. It's just, I mean, everybody was celebrating. Right, because you had put together that, and exactly what you just said, now, if it breaks this, this is gonna be a monster problem, right? Yeah. Exactly. And so, and now, more likely than not, you know, just, we're looking at big picture here. So, more likely than not, we don't see a major bottom come in until 2023. And how I get to that is, this is a monthly chart. It's easier just to show this on a monthly chart, but this is a monthly chart of a bull market. This is going back, this is the Dow, and this has taken us back into the March 2009. What we see here, with the exception of one time, since that time period of March of 2009, every correction has been two to three bars. And that's what's really labeled on the screen where the arrows are at. There was one period of time that was back in the 2015, or 2010, 11 flash crafts, I believe that we saw five monthly bars of downside. So, this is typically what we would see out here. I still believe we're in a longer term, much longer term bull market. And if that's the case, then we should see basically a two bar reversal. That would suggest that we would see some kind of bottom take place in 2023. But when we get there, hopefully we'll know it, or at least be able to see it from a technical standpoint. So, this is what sets us up into, I'm not saying we're not gonna have bounces and significant bounces along the way. We very likely will, but really expecting the next major bottom to come in in 2023. So, let's spend a little time, and you had started doing this as we were coming in to the segment, taking a look at price targets to the downside. Now, you were using A to B equal CD projection. So, that's one tool that we have. Another tool that we have in just sticking with the TD nine count pattern is that the TD nine count pattern helps us to identify an objective level where price is broken out from. And when you break through a breakout area, says you go to the next breakout level. Well, in the case of the, and these are all monthly timeframes. So, on a bigger picture here, the Dow's larger picture says maybe 24, 843. And so, when we think about possibly going into 2023 before there's a major bottom, that's a real price target. The S and P, its next price target on the way down is 3723. If in June, we see a close below that level, that's thinking a signal move to the 2965 area. So, each of these red horizontal lines on this chart represent the breakout levels where price would move to. But if we take a look at the NDX 100, it's trading below that level already. That should have really been the buy, the dip area. So, this is really telling us of significant problems that we've got inside the market. And technically, talking about getting down to the 7423 level. The semis, which are also trading below their monthly breakout area, suggests 1625 could be a target. And the NASDAQ composite, 8537. Now, the cool thing is that we go from larger timeframes like monthly, we go take a look at the weekly. The weeklies also have breakout levels. So, before those monthly areas come into play, Tom, we need to see some of these weekly levels break. And most people, they can come back, watch the archive if they're just listening in. They'll see these levels on Tiger TV. The Dow, the area that we're looking at is 30,014. As its next weekly level, if we see a close below that, that's gonna signal lower price. The S&P of the area to watch is 3279. Now, these are weekly timeframes. The NDX 100 is 10957, the Russell's at 15540 out there. And I've got the others, the semis and trainings and so forth down on the bottom. Now, from a short term, so that's a bigger picture, folks. What I also like to do is give you kind of a short term picture. So like what's happening today? And the shorter term message of the market says that we should expect and anticipate a bounce to form, perhaps over the, perhaps just within the next 24 hours, but certainly over the next couple of days. And Tom, how we achieve that conclusion is because the New York Stock Exchange advanced client oscillator, that's the difference between the 19 and 39 period, exponential moving average of the advanced decline line, it has already attained the significant oversold level, which is down at minus 250. It's the second panel that's in my chart out here. And folks, I take you back to the 2007, 2009 bear market. We had many instances of these. If you take a look at the green arrows out there, every time the market gets, or this oscillator gets down into the minus 250 area, doesn't happen necessarily that day. Sometimes it does, but usually sometimes it can take a couple of days, Tom. It happened back then, it's going to happen now too in these bear markets. So we should expect and anticipate a bounce. What I would tell folks to watch overnight is the two hour timeframe charts for the equity futures. I've got something called the NOS leader and change line. A price closes above that, that tells us that we've got a rally that's underway out there. So that's what I see longer picture and shorter term. Yeah, I love it, man. I don't find that archive, man, for sure. Yeah. It'd be great. Cause that, we were at big highs then, man. That was, that was the term. We were still at highs, man. And that's the cool thing about the pattern. It is. So it's just, it's a nice, it's a nice pattern and everybody should know about it and use it. Come right over folks, learn the newsletters. You'll see it in the right hand side, master of probability. Hit that button. Steve, have a great one. Stay fun. We look forward to a show tomorrow. Thanks. If you want to take an opinion of this sector, now is the time to subscribe to my gold report. The gold report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. News subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning I publish the gold report with coverage of gold, silver, bonds, DXAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the gold report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. TFNN has just launched their new trading room, the Tiger Zen, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den, available to all tigers and tigers for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Den, 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 tigers 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. TFNN is excited about our new software charting program, The Art of Timing the Trade Charts. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. 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. So I dial. Dial is down to 887. You get the NASDAQ 524. S&Ps are off 148. So let's go take a look at these. I have these ABCs, Troy, folks, okay? So we take a look at the spy first, right? Bottom line, and the spy, by the way, all the indices are gonna have the volume. These are confirmed ABC structures down. The spy needs 131, we're already at 110. When I started the program, which was 31 minutes ago, folks were only at 90. So we did 30 million shares and 26 minutes. Bottom line, here's the setup. And this is sad but true. Here's your A to B. The A to B and the spy, folks, okay? Is an $81.53, $81.53. That sets up an ABC structure down to 335.91. Now, you pull this up, right there. Yeah, so bottom line, you know what we're going, folks. 313 is the highs of the lows. That's my take, that's where we're going. 335 is the A to B, we'll see the D. 313 is the high of the low of match. So bottom line, pretty intense. We go look at the NDX100, what do you have with the NDX? Same type of setup in the NDX. The NDX is gonna have the volume before the next break. Right now, what do you have? You have 75 million, indeed, 91. The B point was 280, we're at 275. This baby is set up, this is the disaster, that's the bottom, this is a fast move down, there's no doubt, I've seen fast moves down. And remember, ABC structures, A to B is a straight line move, C to D is a straight line move. So you get your A point, that's set up at that 366 level. This is a 91.62 A to B. So this gives us a price projection of 222, we're 275. And let's just see where 222 is, is that right down there? Oh my God, yeah, listen to this. 219 is the high of the low. So, I hate to be the bearer of that bad news. That's the bottom line, but I'm telling you, man, and that's only a one-to-one ABC structure on the way down. When you get markets like this, you'll probably go more than a one-to-one. Because what happens is that there has to be a total flush down in the system. What could happen here, now check this out, this is pretty cool, like coming in this week, is that we have option expiration on Friday. What happens is that in January and in June, those are the largest option expirations every year. I think it has to do somewhat, the bigger funds, how they do it, it's a six-month deal. So there's gonna be some monster action here. Now, if we happen to go down today and down tomorrow, and then go sideways a little, if you're looking for a bounce, I wouldn't be looking for a bounce, but the bottom line, I know a lot of people like bounces and they wanna play them. Because I wouldn't play a bounce, that's my point, more than anything. But if you're looking for a bounce, the day to look for the bounce would be an option expiration. Because what would end up happening is that that option expiration is when you can get turns. In this particular case, because of the coming into a three-day weekend, I think there's gonna be enough thought process going on that people can say, oh, this is gonna be the end of the world, okay? Well, there's no such thing as the end of the world, okay, that's the real bottom line. There's price and volume, and there's buyers and sellers. And in this particular case right now, we have more sellers than we have buyers. It's going down fast and furious. And when we say going down, we're talking about everything. If you go take a look at Bitcoin, this is like a pretty intense deal. I mean, Bitcoin looks to me, the next stop on Bitcoin, so picture this, it broke the lows today, okay? Bitcoin's trading at 23,000. Well, if you look at Bitcoin, the next stop on Bitcoin is 13,000. This is, I mean, we don't have volume on Bitcoin, but you can see just technically looking up, it's already into the bar. Well, this bar here, the top of the bar is 29,000, the bottom is 17, so 17.5 is coming at us. Break 17.5, you're at 13,200, you know? I mean, this, I'm a heavy selling that's going on out here. In Bitcoin's case, you have another coin that bottom line, they're not allowing people to take out of their platform. This, to me, I mean, I hope that folks kind of figure it out that, hey, man, this is one of the biggest scams out there. And if they don't, it's sad because, there's gonna be a huge amount of money that's lost and it's lost very quickly, but that's the bottom line. We go look at the Dow industries. The thing that's intriguing about the Dow, too, by the way, you know, we're looking at the NQs and the, you know, S&P wanna go down to the pre-market, pre-COVID. Well, the Dow is really just getting there. I mean, pre-COVID, the Dow industrials right now is only 1,000 points away, and we're down 907 points. So, you know, it's not a stretch. You know, I mean, it looks like a stretch right now when you do these ABC structure numbers down, but it's not a stretch. I've been doing these long enough that, you know, if you have ABC structures, your probability is, you know, nothing is, you know, it's not like 90% or even 85, okay? It's probably around 70, somewhere like that that these come in, but they're very consistent. That's the bottom line. So you gotta watch it. That's where it comes down to. You gotta watch it and you gotta watch it in spades. We go over and we take, take a look at, let's go take a look at NVIDIA. Okay, so you got NVIDIA, that's gonna go after its lows. That low there is gonna be 155.67. You hit 156, you need 70 million. It's not gonna do it today. And this is what's actually dangerous. It's gonna, it's going after its low today. It's gonna not gonna make it, but you are gonna have an expansion of volume. So that's gonna be dangerous. Let's go see what Amazon's up to, the big dog out here. We take a look at Amazon. Okay, so Amazon will fit 101.86. 101.26 is the number. Yeah, this isn't good either. So here, watch this one. This is, you wanna pay attention to this. The swing low on Amazon is 101.26. We hit 101.86. The volume there is 102 million, we're at 78 million. That's gonna be dangerous. Because if we close right here, that'll tell me we're gonna open up tomorrow morning and we're gonna go right after that low. And if Amazon's gonna do an ABC down, let me tell you something. Let's go to Microsoft, because Microsoft's getting hit by 10 points. Microsoft out here, oh, look at this. 39 million, no, Microsoft won't do it. It's not gonna do the volume. And these 10 million for the half hour, it's not gonna do that. We're shot 10 million. That being said, let's bring this up and just see exactly where it was set up right here. Okay, so you're closing out. Yeah, Microsoft's done its way at 232. Microsoft has some bottom line support at that 232, but Microsoft also looks like it wants to go to 175. What you wanna do with these ABC structures, right? Look at the ABC structure. Try to start figuring out what you may wanna buy down there because no one's gonna wanna buy. If we do an ABC structure down, that's when you're not gonna wanna buy, but that's when you should be looking to buy. Stay right there folks, we'll 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. 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The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Foreside Fund Services, LLC. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. I'm Orion! Welcome back, folks, Dow. Dow's off 9.50. Nasdaq's off 3.5.32. S&Ps are off 157. That's the baby just accelerating, folks. Let's go to Mike in Southern California. Hey, Mike, what's going on? Hey, Tom, nice to talk to you again. And I have to start out and first tell you, I love this trading room. This thing is great. This app, it works great. And getting all the information, you're instantly there, no delay, nothing. I know. I appreciate your growl and prowl with us. And if you haven't tried this, folks, okay, what's so cool about this room is that we have a beautiful community. It's a real community. Everyone's participating. And you can get it on your phone. It's so, it's just everywhere. Yeah, it's awesome. I know, man, it's crazy. Tom, your channel is in my pocket all day long. It's wonderful. Thank you, man. Thank you. So Tesla, right? I'd like to have you take a look at Tesla. Okay. See what you think the areas of support are? And... The next one is at 503. The next area is 503. Okay. That's where, and if it breaks to 503, it's gonna be big problems, man. You know, the... How about the 600, the low, close to 600, the recent low? Is that any resistance there or support? No, there is support there. Yes, there is. And see where you're getting that from is this. This is where we traded sideways for like seven months. And the bottom of that was the 667. And the high of that was the 880, okay? Now, the first time this came down, this came down with volume there. I have this on a monthly right now, right? Okay. That being said, it looks like it's gonna go after it. Now, if it went after it right now this month, it looks like it would have lighter volume, you know? So, where I'm going with the 503 here, Mike, is that you see the... I get the bar coming across it right now that's September of 2020? Yeah. You see that high volume? So, it's like, okay, you know, they like going to these high volume bars. So, you know, and it's surprising it's not down more today actually, because Musk came out this morning and told his own employees that it's gonna be... Musk encourages Tesla staff while wanting it's gonna be a tough quarter. So, if he's wanting, it's gonna be a tough quarter, you know, that says quite a bit. Yeah, I didn't catch that. That's amazing. Yeah. Yeah, thank you, Tom. I appreciate you taking your time and nice talking again. Where about in Southern California do you live? I used to be from Michigan and I moved out here. I'm in Orange County now. I love it, yeah. That's a beautiful placement. Yeah, I love that place out there. Yeah, but it's the real estate out here, Tom. You would pull your hair out. Oh, no, I know. I know Laguna Beach upside down. I know every door in Laguna Beach. I used to sleep, when I was in the Marines, I used to sleep at Laguna Beach. I slept at Laguna Beach every night for eight months. It was so cool. It was insane. I was 18. Were you at the El Toro Marine Base? Yeah, I was, yeah. Oh, that's awesome. Yeah, I missed that place. I ride my bike around there all the time. It's called the Great Park now. It's a development area and it's so beautiful. The barracks for the Marines are still there. I love it. Yeah. It's really cool. Well, you know, it's great. So what happens, folks, is that, you know, you can leave base. We just got to be back in the morning and there's plenty of Marines that used to sleep on the beach every night, man. I mean, because you imagine you get young kids, you're 18, 19, right? And you're in Southern California. It's like, I thought that was a different, I was like, you got to be kidding me. That is wonderful out there. Seriously. My wife just loved it. She works at Costco down in San Juan Capistrano. Yeah. Right on the beach. Oh, that's beautiful. I know. Let's go to watch the sunset. Isn't that crazy? I know. Okay, man. Yeah. Have a great one. Thank you. Let's go to our man, Frank and Gloucester. Frank, what's going on, brother? Hey, how are you? It's all me doing pretty good up here. Thank you. Good, man. Good. So, the GLD. I dumped four or five short positions today. Okay. Most of them in the indices. Yeah. Great profits. Nice. I like to follow them on Clowland Oscillator. Yes, I saw that in the den. How you do that? That's pretty cool. Yeah. Yeah, it works for me. And, you know, for sure it's coming to a high bottom here today doesn't mean it can't bottom out for a while, but you usually get a bounce back up to the top. So, I wonder if you do get a bounce here, it obviously has to be a great short. I would say that the way the market is trading, and I keep going back to JPMorgan, JPMorgan folks, okay, you know, the biggest bank in the world, the bottom line is that this is deep into, you know, COVID, never prime pre-COVID. You know, and that tells me quite a bit, man. I mean, you know, you got, we put this up here, you're going to take a look at this, you know, the top of COVID for JPMorgan was $122 or 115. So, that's the problem, man. You know what I mean? I just, that's like, okay, if they're not, if they're trading at 115, that's telling me, and this is, you know, this is an equity that's paying a 3.4% dividend. That's telling me we're coming lower, man. You know what I mean? We're going to get bounces, no doubt about that, but, you know, I don't, this week, I really don't see a bounce, you know, you might, you just heard me that option expiration. That would be the time that you could really, really get something going, you know, big, you know. Okay. Hey, take a look at GLD real quick. Yes. So, I see it stock today right at the top of the previous low. Yeah, it's, for what's happening in the marketplace, it's still actually blowing my mind that gold can even hold on. You know, it's down 50 bucks, but the bottom line is that it's holding on. And we take a look at the weekly, you know, I think, you know, this is solid, man. I mean, you're down 440, but, you know, you get that swing low, 168, it can touch it, but this is still solid. I mean, it's absolutely wild folks that we have a market like this and the golds aren't getting killed even more because it just, you know, I mean, we, you know, the individual ones, that was quite a, probably a head fake on Friday, you know what I mean? It's close call, man, whether it is or not. I like the deal, man. You know, inflation, you can't turn the key off in inflation overnight. And, you know, you know, if on Friday it looked to me like, you know what, that's what the market was showing when, you know, what happened in the gold market on Friday, folks, someone came in big on every single stock almost, except for the Lodge ones. You know, it was interesting, Frank, they didn't come in on a new, new one, they didn't come in on a Rangold. I mean, not Rangold, a Barrick, but all those small gold stocks, man, they came in on spades. So. Yeah, that's kind of strange. They must be something with those juniors. Yeah, I'm with you. I know, I know. Cookin', brother. Thank you. Okay, man, have a great one, have a safe one. Let's go to our man, Jim, in Palm Harbor. Hey, Jim, how you been? I'm doing great, Tom. I'm heavily loaded in TBT, and I can't find a 20-year index that that it's based on. So I keep looking up the TNX for the 10-year and the 30-year yield. And I'm just trying to figure out a target where that 10-year might go, either by going off the T or going off the T. I mean, you get an ABC structure up now in the TBT. Very much, okay. Yeah. I'll just do it that way. You break in the swing point, you're breaking it with volume. And it's a huge one, man. I mean, this thing could be, let me see, 27, 17, approximately nine, that's 33. A to B equals C to D. So. Yeah, and I've got a self-employed IRA, and so I've got long calls in the TBT. I want to ask you about Apple because I'm looking at this chart back to that March of 20. Okay, just stay right there. We'll be coming right back. Dow Industries right now, Dow 986, you get the NASDAQ of 553, S&Ps are off 162. Stay right there, folks. We'll come 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'll get advice and guidance from the authority and technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. 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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. Then hit Watch Tiger TV. Welcome back, folks, Dow. Dow's off on 9.32, Nasdaq's off 5.39, S&Ps are off 1.54. Inside the S&Ps, we're gonna have the volume in all of them, folks. The spy right now is trading out at 127 million. We need 135, 131. That's gonna do that in a hot beat. NDX 100, we take a look at the NDX. I think that was 91 we needed. And 91 we needed, we're at 84. They're both gonna do it. The composite volume is huge. The actual composite, the composite volume already is 5.2 billion. It only needs 5.4 to break the composite. So it's a big number. We're talking with Jim from Palm Harbor and we're talking about Apple. And what are we doing with Apple, Jim? Well, I'm looking, so I ran the Fibs all the way back to the March of 20 when Apple was 53. And then I looked at the 183 high and I'm looking at, I mean, even a 618 takes you down to a 102.75. Yeah, no, I think Apple's going to 76 bucks. Okay. And that's the high of the low of COVID, of February, of March. Yeah, yeah. Give me that number. Give me that number and we're gonna write it down. 76 flat. And if you watch and tag a TV, see where I have the, see that's a high volume. That's the last time Apple even had volume on the way up, which is crazy, 76 bucks. That's like, wow, are you kidding me? That's a chart. The thing that's crazy folks, that sounds like a monster number. Well, guess what? Apple's already off its highs by $50. There's not a reason they can't go down another 50. So. And it was crazy just looking at the quarterly earnings back to where $3 a share for 99 a share, 255. And now they're printing that $1.24 and $2.50 so that the earnings don't support the price we're at anyway. So it's like almost confirming you're tired of it. There's a read adjustment of price earnings ratios. That's what you have happening out here. And when they adjust, they're gonna adjust totally down the other way. When you're coming out of a bear market folks, your price to earnings ratio is about 10. We started this thing out at about 28. Yeah, so. Wow, I just looked at the AD, 152 up, 3,110 down. There you go. Have a great one, man. Have a safe one. Thanks. Oh, he's doing the folks, the hot out the book can run you over. And thank God, there's always another trade. Health happens in prosperity. Have a great night. Have a safe night. Come visit Tommy tomorrow morning. Nine o'clock kicks us off. Great show. Real, look at him folks.