 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 Phil in Puerto Rico. Hey Phil, what's going on? Hey Tom, doing great. I just wanted to thank you guys and the whole crew, the best content on the internet. Really appreciate everything you guys are doing. We appreciate you growling a problem with us out here. Phil, how did you find us? I just typed in live trading on YouTube one morning. Cool. I was looking for any type of live trading room you guys came up and that's awesome. I know the quality when I see it, well at least I like to think so and I mean you guys are just a dream. I appreciate everything you guys do. Welcome to the Tiger family. We appreciate you growling a problem with us. My pleasure. Now, Tom O'Brien. Oh, welcome folks. This is Tom O'Brien of 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. Create new agreements based on respect and love. Take the responsibility to make new agreements with those you love. And if agreement doesn't work, change the agreement, create a new one. Use your imagination to explore all the possibilities. Mug and wise, let's take a look at it out here. We have the Dow Industries down 34. Nasdaq up 70. S&P's off two and a half. Gold. Gold contract up $51.70. Trading 2018 and ounce. We have silver up 38 cents. $23.17 an ounce. Light Sweet Crew down a buck 50. Trading at $69.41 a barrel. Notes and bonds. Ten year note. Up a fold point plus two ticks at $1.1605. 30 year up $31.6 at $131.30 and $king dollar. $king dollar trading up 127 ticks at $102.475. The euro is out here at a price point of $108. The yen is at a price point of $130 and the British pound is at $122 to $1 US dollar. Our phone number is 877-927-6648. It was a call, folks. I know it's going on in your world. The S&Ps, let's take a look at about you. This is just as good as you can get, folks, okay? When I just did the update, you know, the S&Ps, you got to see this, man. I mean, this is about as great as you can get when you're trading. Bottom line is as doing the update, the S&Ps were down at that $39.50. It pops up to $39.93. So you popped 40 S&P points and you gave up another, let's see. We gave up another $15 just as quick. Bottom line, this is a market that wants lower price and I expect it's going to get lower price. They just reloaded. That's all they did right there is reload. Let's just take a look at this. I'm curious, did they hit the 3A2? It went over the 3A2 to the 5.0. Bottom line, the expansion contraction Fibonacci sequence, folks, okay? Hits beyond belief in fast markets. Just does. I have no idea why it does, but guess what? It does. Gold. Let's go take a look at the gold contract out here. We take a look at gold. What do we have with gold out here? Gold is testing. It wants to test the highs that were generated out here a couple days ago. So if we take a look at this, what you're going to see in the gold market, you're coming up to the, well, you're in a new range, number one. Anything over 1,083 you're in the range. The high that it's going after right now is the 2,031. Right now, you're at 2,015. We go into the currency market. This is what it's all about, man. The dollar is running things once again. Let's see. That's the dollar. Let me get here. Okay, so the dollar rejected lower price. And it was right back to where it came up the last time. It added strength. The low and it came off that low is 1,015.46. Today, we hit 1,019.15 and then it took off and we're at 1,025.03. Now, what you have out here today, yelling once again. What that pop was about also, by the way, that was about yelling. They just released yelling testimony that's going on this afternoon and she's back again saying, here's a deletion. Let's see, okay. Okay, so here it is. This is what's deleted from yesterday. As I said last week, the U.S. banking system is sound. The federal government recent actions have demonstrated that the resolute commitment to take the necessary steps to ensure that deposits and savings remain safe. The new paragraph is that, as I've said, we have used important tools to act quickly to prevent contagion and they are tools we could use again. The strong actions we have taken ensure that American deposits are safe and certainly we have prepared to take additional actions. Now, let me show you this, man. You got to see this. Let me pull this over. I want to thank Jacob for putting this together for me. So, where do you see this? Now, this is going to be the new deal, folks. And what this is, this chart, if you can see this chart, I've laid this chart over the, maybe I can make it even bigger. Yeah, I can. Okay, so this chart here, you know, they're worried about the regionals and they better be worried about the regionals because, now this is a JPMorgan chart that came out with this, okay? But this is like so insane, it's unbelievable. When you're looking at this line, this is commercial real estate, this is lending and commercial real estate. Now, the difference, this is what a difference is. You know, you had the Silicon Valley Bank, they get treasuries, they run into water, bad trade, the whole ball of wax, right? You have the First Republic, bad trade, they're in municipals, right? See this, the blue line? The blue line is lending to commercial real estate loans. Now, the bottom line is that things have changed so dramatically since COVID that this is a huge problem. The blue line is the amount of loans that were done by regionals, okay? This is, that's in the trillions, by the way, okay? The large banks, look at the large banks down at the very bottom. The large banks, man, are not there. This is going to be, no, not going to be, this is the problem. This is the problem that the Fed knows, the Treasury knows. These loans here are into water, man. There's no way they're not. They're into water. That is, you know, the canary in the coal mine. So, this thing is just starting. It's not over, it's not even close to being over. Our phone number is 877-927-6648. We take a look at some of the higher volume equities out here. And what do we have? We have block, block got hit by Hindenburg out here today. That's down 11.5 dollars. You have First Republic, that's down 67 cents. NVIDIA's up 485. You get Coinbase, they got hit by the SEC. That's down 11 dollars. Inside the NBX100, the straight versus the weakness inside of the NBX. What do we have out here? So, you have Netflix is up 7 percent. Regeneron's up 5.5. Micron Tech is up 4.5. And Marvel Technologies up 4. Taken away from it. PayPal down 3. Dollar store down 2.5. Serious satellite down 2.3. And Marriott off 2.3. Inside the Dow Industries. You're talking about a spread inside the Dow Industries. This is pretty about as tense as you can get. Dow Industries out here. We had a high today of 32,511. A low of 31,866. How's that for a spread? Point wise out here, what do you have? This is out putting 29 positive points. Amgen 13 taken away from it. United Health 46. Travel is 18. Stay right there folks. We'll 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 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 markets 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 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 Pesavento 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 Free at 1-877-927-6648 Internationally at 727-873-7618 Welcome back folks to Dao Dao Industrial is down 21 Nasdaq is up 72 S&P is off 2.5 Let's go over to the Q's again What you're going to see with the Q's is that it went up tested that tree 13 once again Failed once again Going to fail on volume once again There's your number 83 million shares did 58 Yesterday we ended up doing 875 That was a failure on price and volume Today you couldn't even get to the high of yesterday Failed on price and volume We go into the spy We take a look at the spy What we had with the spy out here Spy got up to 3.99 29 today And gave up bottom on It's amazing what it actually gave up It got to a low thus far of 3.90 54 And of course we're not done yet And if we bisect this baby So you already did 100% move a move But that pop That we got And the pop was at volume But guess what you didn't take out a swing point The first swing in fact we didn't have a swing point Because you went down so dramatically And what's going on right now Is that anything under the 3.92 07 Is game that you are going to sell down Like in an incredible way folks So we have 50 minutes 40 We have 40 minutes to sell down This is not going to be a cool close That's how this thing is shaking out Because you don't remember something We're still at high numbers If I just put the spy up In general And you take a look at it It's like oh really Where Five months ago we were down At this 348 That's where this market wants to go So we'll take a look At how this thing shakes out Coming into the close Is that you're going to continue to see selling In an incredible way into the close Particularly because of that big pop That pop, that was a machine pop That's what that was, that was a machine pop And after I saw that Shot that Jacob put together For us, let me tell you something That is such a danger, it is insane What did I do with this How did I get this I don't know what I did I'm just talking about my shot Is that an interview Let's tell a price Sorry about this folks There we go Now we got it So You blink In this market So if you've never been in a bear market This is how bear markets run You blink And you are down In up In two seconds When I did the update The S&P's were just about flat When I started the program They were up like 20 Now they're down 20 That is Bear market action In a monster way If you go over to Kathy Wood She's got big trouble So picture this You take a look at Square Square got hit today with Hindenburg So this is one of her larger holdings Squares down $11.75 And then Simultaneously Coinbase got hit by the SEC And that's down $12 So If we go and look at ARC Right now Innovation is really not down that bad The amount Of shares she actually owns in it You're only down $1 Because if you take a look And let's just see Sir holdings Let me look at this for a second Coinbase Out of the funds She owns 7.5% Coinbase and blocks 6.23 And this is going to be Only the beginning in both cases I'm not quite sure The ramifications inside The Square deal I haven't gone through the deal But the bottom line Is that There's problems Not Well the headline Was that there's problems They were talking about laundering money This and that When you dig into it a bit What it really has to do with also Is that the number of customers That they actually have There's less customers than That's what they're saying That they actually have The Coinbase deal And they make The Coinbase makes a huge amount of money On their platform Through the whole lending process And that's what the SEC is coming after So that's going to be That's going to be a huge problem Because that's a problem Operationally and flat out What it comes into the aspect of How do you make money Oil let's go take a look at the Oil market out here Let's see On the April contract We take a look at this April contract You get a bounce Oh I see we're rolling right now Let me see CLA Yeah Okay here we go No I got the active one So you got 311,000 contracts Yeah this is This is going to be a classic also Oil can bounce Somewhere up to 7342 That would just be A normal bounce And a market that wants a lower price If we go to the XLE We take a look at the XLE Out here What do we have with the XLE That's coming down but there's not a lot of volume That wants to test the low But right now 75 is the low That's coming down with light volume The XLF The financials And they're lows You're breaking them with light volume But the XLF The place that I'm bringing you To the spies And the cues folks in the S&P Well we're getting there in the XLF This is See what's cool about this is that When you see these First off Let's say you see a high volume low A high volume high What ends up happening Your probability that the S&P Is going to go after it goes up dramatically In this case the XLF That high volume low is $29.59 Now the high of that is $31.62 Well we're at $30.92 So you already broke into that area You break into that area Your probability goes up dramatically That you're going to go hit it And then we'll see The aspect of that If you have a breakdown You can see that That $30.12 You know We've been there One, two, two times The last time that we went up That's interesting Last time we went up was a 0.618 So normally what happens there Is at a 0.618 It should hold up What's cool about this Because it went up 0.618 Normally on the way down It should hold that low Now if you don't hold the low That is telling you something also You know so This is going to be quite a market Well it is quite a market That's the real bottom line Dow, Dow Industries right now trading Down $49 You get the Nasdaq up $71 S&Ps are off $5 Stay right there folks You come right back If you want to take advantage of this sector You can look at the metal sector As well as the markets that move gold Which is the currency and bond markets New 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 The XAU, 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 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 Tiger TV Live every market day From 8.30am to 4pm eastern For free Each host is an experienced trader And gives their take on the market While taking calls and questions 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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 This segment is brought to you by Think or Swim For more information, just click The Think or Swim banner on the front page Of Tfnn.com Welcome back folks Dow Industries down 63 Get the NASDAQ up 65 Let's go take a look at the small caps So take a look at the IWM Oh, look at this Okay So you broke everything here So the IWM You're down buck 43 169, 5500 That's coming right into it too, man We're going there So, you know The market folks, okay The cool thing about markets in general Is that if you We're in the probability business Okay, so What we're all trying to do is get A small edge To basically say it, okay How do you build your case That whatever you're actually thinking That your probability Would get better that you can get there Well, this is where The IWM helps In a huge way, the reason being Is that the high Of the same spot that Financials are going into right now And that I suspect that the S&P Wants to go in the The Q's and would go in that order by the way, okay Well The IWM is already there We're at 169, that pierced it today 172 is the high of that 162 is the low of it It's going to 162, man This is how this is set up I put this on a weekly And you just watch how this goes, man Because this is going to be really intriguing The 162 is You know Basically sticking out like a sore thumb When you get to the 162 What you do What I'm going to do next is just so I can show you I'm going to turn that and then I bring that into A monthly So when I bring it into a monthly What you're going to see is that What the small caps Have already done Three times on a monthly basis Is Almost got down to the highs Of the lows of March 2020 Now this is where the danger is In an incredible way folks, okay And what it is You know, you hear me talk a lot about building cause Building The way you have to look at building cause Is that you're working out You're getting stronger and stronger every day And there's some kind of a Contest that's coming up In this particular case This is pretty intense man Because when we're looking at this You can make the case You get three, four, five Well, I'm building cause for a year A year This is going to be dangerous man You can already see that on the bottom You've already had the expansion Of volume When we look at I'm going to pull this up a little bit further So you can see, pull that out And then we're going to do, I'm going to say Okay, what was the biggest We almost did a 50% retracement With that one big spike up there So when you do that What's next? Well, what's next is you can say Okay, what's the ABC down? You start with 244 Let me see how this thing shakes out Because this is So 244 244 Would be your A On this Your B is 190 244 Your C is 201 147 147 is your ABC down The bottom of this is 162 Look at this man This is building cause right now To get down Into the highs of the lows Hey, we'll see how it shakes out Man, that's What ends up happening, the cool thing about An ABC structure And the Fibonacci contraction Expansion folks is that You know what those numbers are So when you know what The numbers are Bottom line, you're in the lookout Are you right Where it's going And then when it gets there The bottom line is that you're going to take Your money cause once it gets to those Numbers, the bottom line is that You know, I've said this, nothing goes down Forever, nothing is up forever That's just how it goes If you want to do something over the weekend Just to really Understand markets in general You pull up a bunch of shots And you're going to see that over the course Of 20 or 30 years There's Lots of charts I'd say the majority of charts Don't keep going higher like an Apple Or a Google or a Microsoft You're going to see that in the course of 20 years You're going back and forth, back and forth, back and forth So in that particular context You better make sure that you're getting Dividends out of them Because that's just how markets go man If you don't sell When you can, okay It's a problem Volume wise out here, let's see What we're going to have out here today What we did yesterday, we did light a volume yesterday So that was, oh look It's going to be the same thing We only did a billion shares yesterday We'll probably do a billion shares today So what that is, is it a try to get higher Bottom line Try to get higher It had lighter volume It failed on lighter volume And that is very hard to do That's what it comes down to We go on the composite Same deal on the composite Composited 4.9 yesterday Same type of setup Let's go to the GDX And we take a look at the GDX This of course are the gold equities See this is a problem My take is physical gold is on its way But physical gold folks Is testing its highs now And what you have here Is that the GDX has light volume This is not a good setup Well it's a good setup It's going to build more cars I don't see this pulling all the way back It's going to build more cars That's what you're going to do Because we're coming into 39 million, you're only done 22 But that would make sense by the way What happens inside of the gold market Is this Is that because folks know That the gold contract is so volatile Okay You can jam it Because it's very small And the big broker deal is that The big traders they do jam it One day you're up 50 bucks Next day you're down 50 bucks When they get caught on the wrong side That's when It turns around And Bottom line Gets away from them And it won't get away from them Until you actually see Us breaking with the equities Going higher Versus just the contract Because the contract right now Is up, let me pull this up Whoops Yeah, I can already tell I can see this Yeah, see this That sell down gold, that wants to go back there See it's a high volume sell though That's not you And I Retail trader That's one of the banks That just jammed it from 2019 To 2008 To get tested Because we went down On 10,000 contracts You're up on 304 That's how it runs And that's going to be about the dollar I suspect we're going to see out here tomorrow You get a Friday I suspect when you're going to see the dollar Wants to continue higher That's going to basically jam All the markets, that's what it comes down to And the banks That's what we're going to hear overnight Dow, Dow Industries right now 85, you get the Nasdaq Dow's up 9, Nasdaq's up 85 S&P's up 1, stay right there folks We'll come right back 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 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 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 and stock prices Get the Opening Call newsletter At 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 Biotech is booming, but for how long? 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Distributor, Four Side 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 $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, Dow. Dow is up 19, the SX up 86 S&Ps are flat. Let's go take a look at The SX stock which is Well, there's two of them actually We'll look at both of them. Microsoft first, now you can see Microsoft, okay, bottom line You know, you can see you get a spike high From last Friday That spike high Is $283 It has volume up there of $69 million Well, we Trying to get to the high yesterday with $34 million and trying to get to it today with $28 million. Now, because This thing above its range It still has a shot to do that But that's an indication that, guess what This thing is going to fail That's my take on it, okay And that's the strongest In the SX stock except for NVIDIA And we go over to NVIDIA And we take a look at NVIDIA And this is how NVIDIA trades folks, okay The bottom line is that NVIDIA, bottom line You know, has a high Oh look, this get tested yet It hasn't, see, it'd be really It'd be really cool if it got tested today So NVIDIA spiked yesterday to $275, right Then closed at $264 That's how it loves to trade, man, okay Gives it up in two seconds Now today would end up happening It gets to $274.99, you're at $270 And in both cases What you have is this, in both cases Because they are such a large part Of the NDX What happens is this Is that As the cues go to lower price The bottom line is that Egg and chicken deal, okay So it doesn't necessarily have to be The aspect that people are actually selling NVIDIA or selling Microsoft, right When those cues go from A price point of 314 Down to 307 Automatically Those are going to be the biggest Stocks that get sold Because I'll show you in NVIDIA's case That was like the ultimate yesterday Understanding what a weighting Structure does Inside of The QQQ You can see Yesterday the bottom line These are 10 minutes, okay Because I was on the air 10, 20, 30, 40 There it is We went from $275 All the way down to $264 When you take a look at this Now when I look at this And this wants to get down there again And we'll see where else wants to go But I'm just bringing these up so you can Understand that how When markets can move really fast If you Understand the weighting structure Particularly inside the NDX100 It's really helpful In the context of where you think The markets might go because Wow, I can't believe that went down that fast Well, it has to go down that fast Or go up that fast The industry itself Is so baked On the amount of weighting In individual stocks We go over to Google, we take a look at Google out here Oh, this is beautiful Well, this is beautiful if you want to go Shot Google, okay, look at this Google's coming up to It just overtook 73 million shares It's going into 33 And you got 23 And last time it had any volume On the way up was at 103 That's not that bad It's 106, but Google's not going to make it either That's not going to make it over It just doesn't have enough juice And then, you know In the context of where we are In the month What we do have is this Is that window dressing is not starting for another week You know, so You know, yeah When window dressing does start There'll be more bread put in the market to be lost You know, that's the type of bread That gets put in a continual basis The money managers put it to work on a continual basis And in this particular case It's been going down the drain On a continual basis As they are basically You know, doubling down, tripling down All of the above We go take a look at the XAU and the HUI Inside of the metals market And we take a look at here Okay, this is going to be good So we don't get these numbers until After the close 8 o'clock at night, to be exact But what The XAU Has done, you're coming into 21 million Yesterday you did 27, which is good So I said, yeah, that's the number Coming, it says, oh, this is interesting So the XAU I wish I had this number 27 32 Oh, I see, yeah, we're still dealing You're dealing with the same thing But you're over it, you're dealing with it You're coming into 21 Yeah, this is strong, man This is strong, that's the XAU Let me go to the HUI See, we're trading right now in the HUI 244 59 Is the number you want to keep your eye on And we're over it right now But that's the place to keep your eye on We're coming into 30 million Yeah, see this, okay, we did 21 Yesterday, that's We're coming into where we came off The highs in January January, no, February 3rd So that February 3rd number This is why I suspect we're going to Build cause in here Building cause, folks, is where it's at In this particular case My take is that The metals market's building cause to go up The S&P's the building cause to go down And what it is The way that you tell whether your building cause To go up or down, it's how you're pushing with volume In the XAU's case, the HUI You're pushing With volume on the way up Each time as you consolidate And the S&P And the NASDAQ and the S&P, the NDX100 You're pushing with volume on the way down That is how you can tell Where's the cause being built That you go sideways The more that you can really understand That, because it sticks out Like a sore thumb, like, man Why every single time that we're going down Does the volume explode versus going up And on the opposite side Why, if you're going up Why is it pushing with Big volume that it comes down It pushes with big volume That is buys that are coming inside of the marketplace And as I said Earlier, the building cause It takes I'd say it takes about a year Year and a half wrapping your head around What building cause is after looking Through so many charts, because what ends up happening Is that Because it's Subtle If you get some longer consolidations You can see them really clear You know, like small consolidations Like this are not as clear At the beginning When you've seen enough of them and they're long It's, you know, easier That, okay, man, this is building cause In this particular case We'll see where the cause is being built But we take a look at the markets out here You know, you get them all in the green now But the bottom line is that It's not going to mean a thing Because you're already gave it up If we look at the spy The spy at $399 high $390 low You're at $394.25 It tried to get to a high You know, bottom line, that's the cause building And particularly you're going into the 111 Yesterday we did 100 Oh, that's interesting, we did We're going into 111 and we did 111 yesterday Yeah, stay right there folks Come right back 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 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 markets 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 To your 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 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 With your 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 Weeks 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 Pesavento 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 Don't forget, you can listen to TFNN Live on your mobile device 24 hours per day TFNN.com Then hit, watch Tiger TV That's TFNN.com Then hit, watch Tiger TV Welcome back folks, down Down just shows up 123 at the NAS, up 130 S&Ps are up 13, gold Gold up 48 bucks and silver Let's go look at the silver market Silver, let's see what we have here Okay, so silver Dug into the big downdraft Yesterday This is a good start, man See the downdraft Going back to the February 2nd, yeah, February 3rd Day The high of that is 2380 The low is 2252 Now this is interesting This is pretty cool actually Because silver has dug into this And gold, this is what gold is trying to do It's in there a little But this is what gold is trying to do But this is good that silver do it Silver market folks can explode In like two seconds, man Silver is something that you cannot trade That's my take on silver You know, you can put up $10,000 You know, it's $5,000 a point Which, you know Silver is just untradable And what I mean by untradable Is that Because of the There's no qualified way That you can get in Have a stop in Because the spread inside of silver Meaning how it moves Moves way too fast And the amount Of money that you can win or lose That's how that works, okay Is just too big When you are in a trade If the amount of money that you can win is too big You better make sure you look at the other side Of that trade, that's what happens with silver You know, and it happens a lot By the way, okay As you remember folks The bank and claw your heart out The bull can run you over and thank god There's always another trade Health happens in prosperity Have a great night, have a safe night Don't forget folks, tomorrow morning Tune in, Tommy O' Ryan, 9 o'clock Have a great one folks, have a safe one Wee! We'll get him folks