 This 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 Eddie and Bucarton. Hey Eddie, what's going on? Hey Tom, how are you man? I'm doing great man, yourself? Good, good. It is a treasure to have TFNN every hour during the trading day to be there to help you to guide you and even give you some peace of mind or like that somebody else is there with you while you're trading this crazy market. These are up or down. Well listen, we appreciate you growling and prowling us out here because we wouldn't be out here folks if we didn't have all you guys gals, tigers and tigers as clients and you know the market teaches you every single day man. Now, Tom O'Brien. Welcome folks. This is Tom O'Brien of TFNN. We go 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. Don't take anything personally. Your truth is personal to you. Your own opinions and point of view reflect your own agreements and I personally to you it's no one's truth but yours. Mock it wise. Let's take a look at it out here. We have the Dow Industries down 103. NASDAQ is off 326. S&Ps are down 62. That's a down draft inside the Dow folks. The three tenths are 1%, 1.4% in the S&Ps and 2.4% in the NASDAQ. Gold. All contract trading up $6.50 at $19.92 60oz. We have silver down 7 cents. $23.04 an ounce. Light sweet crude up $1.48. $85.23 a barrel. Notes and bonds. A ten year note. Down 21 ticks trading 105.22. The third year off a full point plus 17 ticks at 108.15 in Kingdala. Kingdala right now is trading up 253 ticks at 106.522. Zeroes at 105. The ends at 150 and the British pound is at 121 to 1 US dollar. Our phone number is 877-927-6648. Give us a call folks. I want to know what's going on in your world. And the world of the S&Ps, let's get into the futures first because the futures are jamming their lows right now and let's see how these babies looking. So if we take a look at the S&P futures first, bring this up. The low for the day is 4203. 4207. Look at this interesting man. There's not enough juice down here. Now this gets really interesting too because we're down good man. 1.4%. That being said though, if you're watching Tiger TV you can see these volumes down here man. These volumes are anemic. That is saying that you could get a heck of a bounce coming into this close. When I say a heck of a bounce, let me just look at this for a second because what is that number? 4229. Let me show you this for a second. So right here, so check this out. This is the last time that we had volume on the way down. Right up there. Now that's also ice, okay? On an intraday basis. You can see you went down, you did a good 50% retracement on the way up, gave it up in spades. Come back down. You probably get an ABC in here. We do. We get an ABC structure in there. See, I finished the ABC. This market wants to pop on the way back up. This is going to be interesting man. So that's on your S&Ps. Now let's go with the NQs because the NQs, we know the NQs are always highly volatile. They bring the market up and on down. And yeah, same setup. Interesting. Okay, so the NQs, now watch how this goes. This gets really interesting actually because the NQs, the last time that you actually had volume on the way down is all the way up there, which is huge in a second. Pop that at the wrong place. It's right there. Put numbers at. That's 14,732. No, copy 732. Low. Sorry folks, one second. How can I not see that? My God. 642. Yeah, that's pretty intense. This is actually, on the NQs folks, it's 14,642, which is 180 points away. So what we might have here, this is going to get interesting, what we might have here, you might get a run into the close and then into the close. Let's go look at meta because meta is going to come out with numbers. They're all down today. There's no doubt about that. You're down 12 and a half dollars. They come out, they're coming out after the close and they come out pretty quick. They're going to be looking to do 33.5 billion, the top line, a 360 to the bottom line. So this is coming down. Yeah, you're coming into though. You're coming into, you get 22 million, you're coming into 36. It's not enough either. So it depends, really, meta should get some kind of a little bounce coming into the close. That happens because if you don't, if we're at still 300, the low is 299, that'd say we'll go to the bottom of this bar first. But you know, the market in general looks to me like it wants to bounce. Now, go over to the dollar index. We take a look at the dollar bottom line here. The dollar is as high as 106.532 today and you're still hanging up there. So we'll see whether the dollar, once again, is going to test the trend line. The dollar broke the trend line, look at the conviction. You know, you had a conviction move the day before yesterday, then you could have a conviction move on the way up yesterday. And then if we get into gold, well, actually, you know, let's do the bonds next because the bonds are running the market too. So if we take a look at the bonds, they're pulling back once again. But 10 year right now, we've done 1.67 and you're coming into 2.3. Now you don't have a rejection of lower price. So you need a rejection of lower price simultaneously, but you can see the contraction is happening. And then if we get it to the 30 year, we've done 448,000 on the 30 year. We take a look at this. Come on. Okay, so you're coming into 6.69. You can get to the bottom of that. The bottom of that, that's the 10704 again. 108.15, but there's a contraction there too. And then gold. We take a look at the gold market. Gold just wants higher price, man. I mean, it's amazing. No matter what the dollar does now, gold wants to go higher. So you're up 650 today. You're building some cars. You get volume up here. See this volume? That volume even today, you don't have a lot of movement. We got to 1998. You got back down to 1973. In today, there was quite a bit of movement. You get 229,000 contracts. That's great contract volume as you're pushing into highs. So that swing point up there at that 21 and 2138, I think, is game. Our phone number is 877-927-6648. We have the dial. The dial is trading down 91. That's like a 325. S&P is off 62. Stay right there, folks. Come 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. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute Webinar Archive. He just hosted Forex Strategies and Fundamentals What is Behind the Tiger Forex report. For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. 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. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN Educating Investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. 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. Welcome back, folks, to Dow. Dow Industries right now trading up $88 to get the Nasdaq up $320. S&Ps are up $61. Now let's get inside to Dow Industries and take a look at the strength versus the weakness. And I can see by looking at the Dow that Microsoft is going to be some of the strength out here. Well, I guess it's not. Yeah, it is, it is. So we take a look at this and point-wise we're going to have... Come on, baby. Load those securities. Let's go. Why is it taking so long? Okay, one second. I got that. There we go. Okay, so you have Microsoft's number. So you have Microsoft putting 62 positive points, Travel is 43, United Health 30. Taking away from it, you have Salesforce minus 48. We have Boeing minus 30. You get Caterpillar minus 25. So if we go over to Microsoft, I mean, they just blew it out of the ballpark. I mean, it's pretty amazing what they actually did. So we take a look at Microsoft and, you know, and you get volume up here. So Microsoft's going... Now two different things happen. Microsoft is high volume high. So it wants to go back to as high as it is. Anyway, it's a $366, okay? The numbers, okay? Well, let me pull this up one second. Sorry. That... Okay. So we take a look at the numbers and these are some monster numbers, man. Okay, they did $56.5 billion and $299 to the bottom line. Now the difference is you can see how much more money they actually put to the bottom line. You know, they put some real numbers to the bottom line. You can see, they took the same amount of money in, you know, last quarter. They took $3 billion, no, $30 million more. But they put some juice on it, man. Let's go to Jim in Palm Harbor. Hey, Jim, what's going on, brother? Hi, Tom, I was in the car when you were talking briefly about the NQs to start and what I've done now is I've just got home far off the computer. I'm looking at a three-year NQ. So that takes you back to October, November, which was the highs. Okay, one second. I'll put a three-year up, okay? And I've got the weekly volume and I'm looking at last week's volume was significant to the downside and we're right back hanging on this cliff at $618, which to me is $14,367. Well, let me do it this way. I'm going to bring the Qs up instead of the NQs. Just one second, let me see. Okay. So you're going back three years. I guess what I'm looking at is it seems like we've been at a downtrends so long and we're due for a big bounce and I'm looking, now when you look at the three-year, you're saying, wow, we really haven't come down that long and we've got a lot further to go down because if we're at the 618, we could... Well, that's one way. That's one way I'm looking at it. The other way I'm looking at it is at the highs. Okay, the QQQ on the weekly... Yeah, that's what I'm saying. You know, it seems to people that we've had a significant downturn but we really haven't. We've only come back at $618. I know. Now that's interesting. Now that I'm looking at it... No, it is. The volume is really shriveled up. You know, we have this up, folks. Okay, so the high in the Qs was this 408. Is it 408? Yeah, 408 is what I looked at, but it could be off the... Yeah, so it is intriguing because the fact of the matter is that we came back quite a way from these lows in last September. I mean, look at this thing. It's actually pretty amazing, actually. Yeah, that's what was making... When I pulled it back to three years ago, we really... We're right on a shelf here. So watch what happens here, too, folks. This is pretty cool. Because that retracement was so big, now the downside of this consolidation is real low. There's no doubt about that. But what does happen is that normally when you do more than a 0.618 retracement of the leg down, bottom line... We did a 0.76. We almost got to the highs. You don't... Bottom line normally go back to the lows. That's what normally happens. We're showing that if you do anything over 0.618 or over, it's kind of showing that it's a strong market. That's what it shows. But, you know, this is a big thing. Go ahead. No, I was just looking to see if we break this shelf. I guess not a pivot. You just got to go with it either way. Yes, the shelf's important. And see, it's not that... Well, on the cues, it's a lot further down than the spies. That's what is going on. I mean, you can see the breakout on the cues is a lot lower. We're at 350. The breakout on the cues is like 330. So that's a big number, man. Do you know what I'm saying? And that's real possible. That's real possible, man. Have you talked about the barns yet or the TLT, because it looks like we're the same thing again. We're retesting the loaf from a couple of days ago. You are retesting it. Now, if I pull up the TLT, you retestinate with a dramatically lighter volume. We're dealing with the TLT, 46 million on the way down. That's about $70 million. But you've got to hold price. You've got to reject price, which we haven't done yet. We're at 83.27 on the TLT and 83.13 was the load today. You need a rejection out here, no doubt. But that's what does happen at bottoms, too. You're not just going to shoot off this bottom inside the note and bond market. There's going to be a cause-building coming back, keep everyone really nervous. We'll see whether we get any bids coming in. The doll-up looked like it basically was up today. It was up pretty good. That's hanging tough. That's putting some downward pressure on the market. There's no doubt about that. I think what you're going to see out here tonight is that last night you had Microsoft come in positive. Well, I believe here. Let's look at IBM for a second. I believe IBM is coming up with this number after the close. You're looking at that. Do we have window dressing coming into next Monday, Tuesday? Yeah. What's happening? This is the way this gets interesting, folks, because what you do have is that, come on, you have Monday, Tuesday. Monday, Tuesday is the start. We're going right into that. I don't know about you, but it's scary to me. One more hazard that Thanksgiving is right around the corner into the year, and it's true. I'm just wondering where the money manager is going to just let's book the profits. Let's take the five and a quarter percent for 60 days and see what happens. Well, they got to stay. They're really dry up now until the end of the year. What happens is that when you're up in the marketplace, that's one thing that they can take the money off the table, but they're not up in the marketplace right now. So they got to try to grind it to be up. That's how this comes down to. Well, we shall see. It's interesting looking at those charts together. It is. No, listen, it's a heads up. If you haven't looked at that, what Jim's talking about, folks, and we just brought up, bring them up tonight because you're going to be surprised about the size of the counter-trend bounce that we actually did and how close the NASDAQ actually is still is to the highs. I mean, it's not going to take much, you know, to basically, you know, get a rally going, you know, particularly because it's been pushing on this level in a monster way. Let me just see what the arms is doing out here right now. So we got a 1.4 two days ago. Oh, no, see, you're going to see. Yeah, yeah. What's happening now is that, you know, you got buy-in again. We're only at 0.75. Have a good one. Have a great one. Have a safe one. Stay right there, folks. We'll come right back. Thank you. Thank you. So you have absolutely nothing to worry about. Visit TFNN.com and try mastering probability 30 days risk-free today. TFNN Educating Investors. 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. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN Educating Investors. This is a live coverage with the Tiger's Den, available to all Tigers and Tigresses 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 Tigresses 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. Welcome back folks to Dow Industries, down 63 Nasdaq's of 301, S&P's down 57. We have a speaker of the house, folks, Mike Johnson from Louisiana. So now the next thing that we're going to start hearing about is the bottom line, the budget. The budget has to basically get rolled out and that's, I believe, the drop dead date is November 18th. So I suspect these things are going to get done pretty quick because what does happen is that normally this is, of course, every two years and also representatives, they're always running for election. So the bottom line is that they're going to get this thing done, they're going to send these people home to run for election. So we'll see how this whole thing shakes out, but financial markets, they're going to be looking for it. And I suspect that it's not going to be that hard to get done. And the reason I'm saying that, folks, I think because the speakership went on so long, this was just one of these deals that everyone got tired. And guess what? You keep those people in the room long enough, any people, any people, you're going to get something done, man. So we'll see how the whole thing is going to come down, but I suspect that the government will keep going because of the deal that we just actually went through. Let's go to NVIDIA, NVDA. Take a look at NVIDIA out here. So NVIDIA, they're going to be coming out with their numbers on the 21st of November. The low for the year in NVIDIA is 126, the highs 502. Right now you're trading out at the 416 level. And yes, that's light volume. That's, I mean, the deal with NVIDIA that you have to watch out for if you're long NVIDIA is that the gap from their last earnings is so dramatic. The gap is, what is it down there? We're at 419, the gap is like at almost 300. So the closer, what ended up happening is this, if this thing ever broke just the lows of two days ago, I'd be real worried that you're going to get sucked right into this gap. And that it would be a monster freaking move. Because that is a gap and a half. It's just huge. We go over to Google. So last night, what ended up happening after the close, and you see this happen a lot, you had the ying and the yang. The yang, of course, was the Microsoft coming out with great numbers. The yang was Google not performing. So would you have a Google today? Google's breaking a swing and Google came right back. This is an indication that when these gaps are below, you have to really watch them. Because in Google's case, that's exactly what it did. It gapped down and it gapped right into the last time they went head earnings. Now the problem with Google is that this is gapping into that level with way too much volume. We take a look at the weekly. Yes, if you take a look at this weekly now, what's going to happen is that number one, you didn't make the highs. Then if we take this, this is a break with conviction, meaning it's going to be a great break with conviction on the weekly. It's going to have volume behind the move. So the number is that. That's 123. Why are you getting close? The next number here is about 123 where you get some action. And in Google's case, let's see what they did. Google came out with 64.1 billion and they brought, what the heck is it? Not quite sure. That's interesting. It's not there right now, anyway. Now Qualcomm, check this out, man. So Qualcomm comes out with a stronger, better, more powerful chip than Apple and Intel. And two different things are going on. It uses less power, but yet is still more powerful by, I believe it's by 69%. It's by some big number, man. Now that didn't save Qualcomm today, but if you are looking for something, let me put this on a weekly, I mean, keep your eye on Qualcomm, man. Because what's happening is that it's coming to the bottom of the consolidation, and I think it will actually get to that bottom, which is right now you're at 105. 101's the number. Because if you don't break the bottom of that consolidation, you know, bottom line is that you're going to go back up the other side, which is, you know, the 139. Oil. Let's go to the oil market. We take a look at oil. You get the Middle East on fire. We'll see how the whole thing shakes out per countries. 494,000 contracts today, and it didn't make it to the lower end of consolidation. So they're consolidating out here, but I believe this is going to be some volume. Yeah, it's going to be some volume. So now you're going to go right back up to the highs again. Not the highs, but the last high that we had up here, last high we had up here was the 89.85, and we get into the XLE, and we take a look at the XLE. Well, it's not moving, interesting. That's not good. It's like volume, but it's not moving. So that's saying that it does want to go to the bottom of the consolidation right now. And what has happened, too, by the way, is that you talk about, you know, between Exxon and Chevron, right? Was it Chevron that bought Hess? CVX. Yeah, Chevron bought Hess. So pitchers, what you have here, this is where it's going to get interesting even for the XLE in general. This was a huge... In both cases, there were huge deals. In both cases, they really were a huge real estate grab for the future. And what they also were is an indication that in both cases, Exxon and Chevron figure that oil's not going away. That's what they're making the bet on. The thing that's always so intriguing is that when you do get to highs and commodities and you stay there for a while, most of these CEOs can never stop buying companies. And what tends to happen is that then you come off the high and then it takes another five to ten years for those companies to basically, you know, make money for the company. That being said, in those extra five to ten years, then all of a sudden it's a deal of a lifetime. That's how they seem to shake out. In this particular case, it's absolutely a huge real estate play. Because there's not going to be a lot of other players that can get in the middle in both cases because you got Exxon with Pioneer, you got Hess with Chevron. And if you ever... What is it? That one guy. I read this so long ago. The history of oil. And it's a great book, man. It's really thick. You had plenty of tigers who know the guy that wrote it. He's a great writer. And it's so intriguing reading it because it goes back to the Rockefeller. It goes back to... I forget the guy that started Hess, but it goes back to him. They did different things. What Hess did, the guy's name was Hess. What he did was just so smart that he vertically integrated right off the bat. He had the oil wells and went right for the gas stations. Chicked out everyone in the middle. That's how he grew so fast. Dow Industries right now, down 43 nats, off 294 S&P's off 54. Stay right there folks, come right back. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the stock market and find out what you can do with it. And if you want to know what you can do with it, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. 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. tfnn.com Educating Investors Directions Daily S&P Biotech 3x Bull & Bear ETFs Visit Direction Investments.com Slash Biotech Today An investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing. The Perspectus and Summary Perspectus contain this and other information about Direction Shares. To obtain a Perspectus or Summary Perspectus, please contact Direction Shares at 866-4767523 7, 5, 2, 3. 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, foresight fund services LLC. TFNN has launched the Tiger's Den, 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. The Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no catch 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 to Dow. Dow investors right now down 69 Nasdaqs up 305, S&P's up 58. So check this out, man. These banks just never die. So Silicon Valley Bank, right? We know Silicon Valley Bank upside down. Bottom line is that they wanted to receive a ship. They got auctioned off. Well, the folks that bought it on the auction, you know, there's a big, it's called the Money 2020 Conference. And it's all for big, basically big banks, technology companies, payment companies in Las Vegas. And you got Silicon Valley Bank there. Bottom line, you know, here, let me, let me give you the, let me give you the ads that are running across the, oh, yeah, it's better if I actually put it up this way so you can see it. This is, this is something else, man. But it's, it's probably showing that they're going to be alive again, which is just amazing. Well, it's not amazing because you start from zero and you auction it off. So here it is, Silicon Valley Bank. See that right there? They may help you through MVPs to IPOs. Yes, SVP. So they're out in Las Vegas right now. Bottom line, you know, raising money. That's that's the bottom line. And that bank itself, okay, so the reason that that bank itself really can get business is that, and we'll see whether, you know, they can hold on to what they had prior that the old Silicon Valley Bank had, because what they had is this, is that they would go after the entrepreneurs, but they were set up for entrepreneurs to basically feed money into them on a continual basis at rates that they could handle number one. But then what they were also basically doing is that, you know, when you get an IPO folks, okay, you get an IPO, you get clients that have a lot of stock, the real kicker is, is that how do you insulate that stock, you know, basically, you know, when you lend them money. Well, they were into that whole deal too. I mean, the biggest problem they made is that the worst trade in the world. And if I've learned anything in this business in what the last 40 years is that you see this happen a lot, man. You know, I remember when I first get into this business, I couldn't figure out how people actually got into positions and could have something that seemed so common sense, but yet evidently it wasn't. I mean, so picture this, none of us, well, I mean, there's plenty of lists that are probably in the financial business, meaning they're registered part of it. But could you imagine that you just keep buying bonds and Paul just keeps going up in rates and you don't even flinch. Like, that's insanity. I mean, that's past insanity. And that's what they did when, you know, in the difference, this is what the difference was. And I'm sure that they'll look at it. They're looking at it kind of like Lehman, you know, the Lehman moment. And what it is is that after this happened, we know now how much the actual Morgan Stanley's of the world, the Goldman's of the world, the Bank of America's of the world, the JP Morgan's of the world actually have the same bonds on their balance sheets and that they can price them out at 100 cents on the dollar because the Fed changed the rules, you know. So, you know, it wasn't just them. It was, and this is where it comes into also. And this is where people get so flipped out, and I don't blame them, you know, that banks, okay, what does that say? And again, okay, when the profits are there, they get them. And when the losses are there, they socialize them to all of everyone else. And in this particular case, they didn't have to socialize the losses because what they ended up doing, the Fed themselves came in and said, okay, they were at the 100 cents on the dollar. Now, the reason the Fed did that, my take, is they had to do that not because the banks are going to go south. That's probably one good reason. But the second reason is they need all these bond people to keep buying bonds, man. So what they have to do, what the Fed has done, is that they insulate bond holders from putting losses on the balance sheet of banks in order to, you know, have the government continue to push out bonds. That's what it comes down to. And those are the things that you actually have to navigate, I think, that when you're doing bigger trades, because if I learned anything, you know, if you didn't see the big shot, right, that was a great movie. And, you know, listen, man, I go shot a lot in the marketplace and have, okay? And it's never easy, okay? But what I learned on that one is that those guys that actually did go shot the housing market, they would just, number one, they were tough in a monster way because it wasn't a clean deck. You know, those, those, the pricing models of the, it's called the ABX. That was, that's what they were shot, okay? It was like a fixed deck because all the banks were basically on the other side of it. Now, it crashed because they couldn't hold it up any longer. And, you know, it fell apart in two or three days. But if you haven't seen that movie, it's a great movie to see because of that fact, because it's not something you'd want to get involved in. Not at all. I mean, not even close either, okay? Now, the intriguing part about it is that we're going to start hearing more about it again, because there's a recycle that's going on. And what's happening is that it's the same type of deal that the person that is basically shotting the ABX versus, you know, you never know who's really on the other side, but most times it's always the banks, right? The pricing model is still fixed. So it's like, why do it? That's the real bottom line. So there's not a lot of, you know, you get the gist of it. It's, even when you're in that professional level, you really get to watch it. You actually get to watch it even more because the bigger that the trade gets, the bigger that the banks are going to make sure that that trade doesn't work. And all they have to do is hold you off for a certain amount of time. And because it is a fixed deck, they can hold you off for a certain amount of time. That's kind of what shakes out. Let's go take a look at the GDX, because there's no doubt, you know, I mean, we still have interest rates that are high, but guess what? They're still buying gold, man. If we take a look at the GDX, this is a good situation, man. We get 17 million shares today. You're down 42 cents, but you're actually pushing, you know, we got to a higher high than the last two days. It's actually pushing highs with volume expanding. You know, that's a good setup, man. Let's go take a look at AU, okay. Yep, you can solidate note here. Your building will cause. That's what's happening inside this gold market, you know. And we're at a really sweet spot right now because, you know, you're already up at this 1991. And when you take a look at it, the next swing point, man, is like, I believe it's $21.38. Let's see. Yeah, like $21.20. It's not that far away. It's only $30. Stay right there, folks. Come right back. 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. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. 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. TFNN.com, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. 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. Looking for $33.5 billion and $360 billion to the bottom line. This is coming down a volume too. Meta looks like it's going to basically come down after the close, which is going to bring the Q's down, the NQ's down, the whole ball of wax. You do have a high volume at lower levels inside meta. We'll see where this baby shakes out, but I suspect this is going to be fast and furious because the fact most times Facebook does come out like ASAP right after the close. Now, if we take a look at, let's see how much fear we get built up here. So the arms is laying at 0.76, which means they're buying the market, man. The market's down. So we got that 1.4. That was on Friday. 1.1 Monday, 1.1 yesterday. But today ruins the whole 10 day again. That's how this thing shakes out, man. Because we dropped off. Let's see. We just dropped off a 1.1, 0.75, a 1.2, and we added a 1.1, a 1.1, and a 0.76. So lower prices are going to come at us. More fear is going to come at us. Oh, as you remember, folks, the bank and claw your heart out. The bull can run your world over. And thank God, there's always another trade. Health happens in prosperity. Have a great night, folks. Have a safe night. Come back and visit us tomorrow morning. Tommy kicks us off at 9 AM. Great show, folks. Look at him, folks.