 O'Brien Welcome folks. This is Tom O'Brien at 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 night folks surrender and let go in the past This is a cool cod man Whatever life takes away from you let it go when you surrender and let go of the past Your lives have to be fully alive in the moment letting go of the past means that you can enjoy the dream that is happening right here right now Let's take a look at it out here we have the now industrials up a hundred and six Nasdaq's up to forty three S&P's are up forty gold contract down seventeen dollars twenty cents straight at 18 forty one Announce you get silver down thirty six cents twenty one dollars forty five cents announced light sweet crew down Three bucks ninety nine dollars ninety eight cents a barrel notes and bonds the tenure note Up nineteen ticks trade in one eighteen twenty five the thirty at the point a full point plus twenty two ticks Laying out here at one thirty eight twenty and king dollar king dollars are trading up 224 ticks at 103 84 the euros at 105 the ends at 130 point three eight and the British pound is at 123 to one u.s. Dollar iPhone numbers eight seven seven nine two seven six Six six four eight give us call folks one notes going on in your world and the world of the S&P's Let's take a look at them. What do you have okay? So? You take a look at the spy your price projection of the spy was 394 we got 394 394 is out here today a rejected lower price out here today bottom line. Is that yet? We'll see where they can get a bounce going meaning up to like 411 you're at 402 right now That being said I'm going to show you something we take this this is the actually well Let me go through the Nasdaq first. This is the actual most dangerous place that we're actually in With this bounce because my take here the large you take is that your next stop down here is going to be like in the 377 because what you have is this Actually three was 366 Right there, huh? I Can do it okay, so I talked about the aspect of these ABC structures you get a one-to-one or one-to-point three eight two one to five oh right So what the problem here is looking at the spy is When we go over to the Nasdaq the Nasdaq hasn't reached its ABC structure on the way down The Nasdaq out here today is going to have a light of volume on the way up That's how this thing's going to shake out you're up six dollars you hit the load today is 296 Well 281 ZA to B equal C to D and if I found out anything Bottom line is that the Nasdaq leads up the Nasdaq leads down and in the overall context folks My take is we're not even close to it's actually blowing my mind that you can come down like this and People are still coming in and think the market's going to snap back, but that's that's what makes a market That's the bottom line okay Gold Gold has a problem too. This is what you have here. We take a look at gold Gold straight down 1830 right now, so I'm gonna put the volumes on it because this is what happened with gold so So what happened to gold market last? Wednesday you went higher on gold it didn't hold price that being said it was in an ABC structure down It never got to the swing point out here for this 1921 And I'm going with the ABC structure down and the reason I'm going with the ABC structure down is this and the ABC structure down folks is 1788 and the reason has to do with the amount of equities That I actually go through inside of the gold market and what you're gonna see is that there's so many of them That are in an ABC structure on the way down I just put Royal up Royals not one of them But you have a lot of them at our ABC structure down so my take is that that's going to get fulfilled more than likely That is going to be getting fulfilled When the market takes this next leg down and I suspect what this is going to be all about is when we bring this over to the US dollar This is going to be a move that the markets are not anticipating and What happens here is this folks? if in fact This dollar breaks and makes that run for 121 What will happen and he can he can almost hear The the Fed wasn't the Fed it was Janet Yellen and in the Fed Okay, they're they're all getting a little bit nervous right now and what they're nervous about is the amount of leverage that is out there that they don't know about and If I was In most times what ends up happening is this is that when you have markets that is of this dramatic Okay, and the liquidity drying up with liquidity drying it up means okay is the aspect of There's no bids on the market. That's one thing. Okay, because he can't sell anything you can't sell it this correlation on the dollar if We get a fast move like that on the dollar. Oh, there's going to be Dislocations so fast all over the place I could see that putting more pain to marketplace. That's the bottom line some of the higher volume equities out here That we have out here today. You get advanced micro that's up three bucks. You get Apple up three and a half You get the Nvidia up 970 we have Let's see. I'll pull Peloton Microsoft's up seven bucks PE Peloton I think Let's just look at this for a second because this might be an ABC down out of business And that would totally make sense because when you think about how many of those machines that we've seen in the trash for some How many years right now? I'm not talking about Peloton machines. I'm talking about every type of You know exercise machine that you can think about so No, no, it's not ABC down. Okay. You're at $13 and 15 cents right now and they're still losing money hand over fist They've never made money. You know, this is what's amazing about this company This year so they're gonna lose they lost the dollar seven They took in nine hundred and sixty four million lost the dollar seven. They lost every single year yet The market basically brought that up to sky high levels Pretty wild man. There's no doubt about it We go take a let's go over to the S&P's and just see looking at these S&P's what they want to do coming into the clothes Because you've had the S&P's today as high as 40 4065 Okay, stay right there folks come right back