 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 Booker-Ton. 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 to give you some peace of mind or did somebody else is there with you while you're training this crazy market, either 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 the market teaches you every single day, man. Now, welcome, folks. This is Tom O'Brien at TFNN. We're going 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, garage, hope everyone's having a great day, safe day. It's making a great night, folks. You are what you believe you are. Humans are powerful magicians, and you have the power to make yourself what you are right now. But it's not your reasoning mind that controls the power. It's what you believe. Man, I'd love to know how that works, but I'm telling you, man, it works. That's the bottom line, man. We are a lot more powerful than we realize. Macadamias, let's take a look at it out here. We have the Dow Industrial's up $279, Nasdaq up $173, S&P's up $33. Gold contract up $47, trading at $2,043. You get silver up $1.03, $26.75 an ounce, light-sweet crude up $4.23, $1.2363 a barrel, notes and bonds. The 10-year note, down $31.6, $1.2703. The 30-year, down $2.226 at $157.03, and $king dollar. $king dollar's down $265.6, trading $99.01. The euro is at $109. The yen is at $1.15.73, and the British pound is at $131 to $1.00 US dollar. iPhone number's 877-927-6648. Give us a call, folks. Want to know what's going on in your world? In the world of the S&P's, let's take a look at them. What do you have? Well, I'm going to bring up the futures first. So you get the S&P futures up now $32. The high from last night is $42.75. The low is $41.86, so you get about a $89 point move. Bottom line, we're up $32 right now, and let's go take a look at this baby. OK, so what do we have here? OK, so we can see intraday out here today. We got up to that $42.75, gave it up in spades. But look at this. OK, so watch this, folks. See when we gave it up in spades? That, OK, so the lows established there at 2 o'clock had 55,000 contracts. Now, 55 was going into the prior buy over there was 73, but the buyout actually went into was 39. You know what that says, folks? Bottom line, we're going to be right back down there. So we'll see how this shakes out. That's selling me, though. What's that number? 41.80? Man, that's 50 points down. Yeah, 41.80, man. You know, it's amazing. It's amazing in the context, folks, of like S&Ps. We used to S&Ps moving, you know, $5, $10, OK? And markets like this, though, yeah, $30 or $40, which is amazing. So we'll see what shakes out, but that's where we're going. We'll take a look at the NQs. Let's bring the NQs up. NQs are up 159 ticks right now. We had the high of the day in the NQs of $13,666, the low $13,283. And right now, we are 200 points off of the intraday and intranight lows, actually. They, OK, so same setup. Let's go take a look at this. Yeah, we get the same thing, man. 2 o'clock, you get a high volume low that's laying out here. So what's game here is that's $13,291. And that would be, it's $180 from where we are right now. So we'll see how this shakes out. Gold, now we'll check this out. Yeah, so check it out. GC, golds, and a confirmed ABC up, folks. OK, now watch how I'm going to do this. Because what happens is this, is that you have contracts that expire every three months in gold. So what we've been speculating for quite some time, if you get the gold report, I speculated this even a couple of years ago, that when this thing moves, it wants to do an ABC up. Well, today's a confirmed ABC up. I'll show you how I'm coming to that conclusion. So we have out here today of 403,000 contracts in the gold market. You made it to 2078. Now if I put this, I'm going to put this on a generic chart so you can tie them together. And I'm going to turn around, and I'm going to put this actually on a weekly so you can see it kind of clearer, right? The A to B equals C to D. And you're going to see it's about as clear as you can get. Well, I'm going to pull it back further, because this is such a big A to B. I'll put out a monthly first. So what you're going to see here, there she goes. OK, so I don't have to bring it up back to that file. Let me see. May, OK, let's do it like this. It doesn't matter. So you get A to B. Your B point here is 2063. So we hit 2078 today, right? So what does happen is this is that I kind of, when you do a generic chart, folks, what happens is that you don't have volumes with them. But watch this, GLD. This thing is blowing away the last swing point with volume on a daily. On the daily, I can bring this back on the daily. And I'll show you how this shakes out, because this is a monster. So for two years, yeah, there it is right there. OK, so I'll do three years so you can see the A point also. OK, so we pull this back. Let me pull this in. So what we've done today is that we're doing 43 million shares, and a last high inside the GLD, we had 43 million. We had 20 million. And then we came off of that with 24 million and 19 million. It's blowing it away. The bottom line is you get an ABC structure up. It's confirmed. Gold's going, man. And you've got to remember something. Inside the gold market, folks, what happens is this. Gold loves doing a 1 to 1.382 to a 1 to 5,0 ABC structure. Up, all down. In this case, we got everything going with us. It's going topside in a monster way. Let's go take a look at the silver market out here. It's the K, silver K, I think so. Yeah, so silver finally caught a bid. It's pretty interesting that it hasn't been able to catch a bid. 118,000 contracts, so that's good. So silver's not a way to 30 bucks. That's the real bottom line. We're 2682, 30 bucks is the next stop. And you can expect as we start getting to higher prices, you're going to see higher numbers and faster moves, both up and down. But you can see the bottom line is that gold is real money. That's the real bottom line. I've been doing the gold report since 22 years now. And there's always been the deal. Gold, gold's not money, gold's not money. Well, tell that to people that, you know, the bottom line is that you're kind of a visa card, you're kind of a master card. Your money's worthless. Your stuff's worthless, guess what? Gold is not worthless. 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 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. 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Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN, educating investors. Hey, at 1-877-927-6648, internationally, at 727-873-7618. Welcome back, folks. Dow, Dow Industries right now trading up 1-88, NASDAQ is up 1-21, SAPs are up 19. Let's go over to our man, Mr. Basil Chapman, as you do each and every Tuesday. And don't forget, folks, Basil has an outstanding show here every trading day, 10 to 11 Eastern Standard Time. Also, it's a great newsletter, the opening call. Now, it's very easy to get the opening call, folks. You just come over to our website at TFNN, you're going to see it right under featured content. You just hit our man, Mr. Basil Chapman. You hit that subscribe button, and you're going to be riding that wave. And that wave, folks, monthly cost, $149 for six months, at 6.95, which is a savings of $199 or 22%, and a yearly cost is $11.95, which is a savings of $593 or 33%. Now, they all come with a 30-day money-back guarantee, and Basil has a huge amount of archives on his site. And you know what, folks? I mean, you get volatile markets, bottom line, you know, yeah. This is not about buying the dip, trust me, okay? Check it out. He's got great archives, can ride that wave. You can really understand and get a system going so you can kind of comprehend how things work inside the marketplace. Basil Chapman, what's going on? Hi, Tom, how are you? Doing great, man, yourself? Very good. Very interesting market as we are right at this moment. There's a patent that I've spoken to you about last week, and I said, in my work, and you mentioned the archives, I discuss this in my archives all the time, as well as my subscription service, my daily newsletter. So there are three chart formations. I always look at straight line up or down, cup formation or arch formation. You can get a mix of one and two or one and three. In this case, we're looking at the red one, which is like an H pattern. And when the price fails, how it takes out the left side low is really important. So a couple of things have happened. Now let me move this chart away and I'll show you. For the Dow from the high on the 5th of January, 36,952, it came down for four days and then balanced and made this H pattern, took it out on the left side, 35,689 low. It went straight down to 33,150 on the 24th of January. Made a very big arch formation, took it out on the 24th of February, ran up to this peak B at 34,179. So I said on my show today that this was really critical, unless something was said during the president's announcement earlier on, if it stalls, that's really important because this right side of the arch, you can see, when it starts the momentum to the downside, the magnitude of that left side low is so strong that it takes a lot to stop it. So it looked like it was going to stop it when there was that big rally, but it failed, it went down lower and now we're up about 145 points. So this is fairly critical, but what I thought I'd do, I don't do this very often, so I thought I'd take the time right now. A long time ago, maybe 12, 13 years ago, there was someone that I knew very well who was very good at doing coding in trade station, which is what I use as a platform. And I had him, at some point, I had him make certain resistance and support lines based on my use of the MACD and the stochastic. So I don't use them all the time, but they are really very important when they become cluster formations. And here I'm showing you, this is on the left here is the Dow daily, right in the corners of the 10-minute chart. In the middle is the weekly and on the right is the monthly and right here inside this monthly, I've got the 120-minute chart. What it shows on a very short-term basis is this whole area, the 32,700s to the 32,400s, these key support in the very near-term, 10 and 120-minute chart. But for the first time, I had to wait and wait because it takes a while when you go through the look-back period, when you've made tops, it takes a little while to really form support levels. Look at the cluster right here in the Dow, the top, there were these levels of 36,422 to 37,000 in the daily, and look at the clusters right here, 36,400, 36,500 in the weekly, and even the monthly up to 36,750. And look how we reversed down sharply. So I've been waiting for significant support levels to come in. And the last one here is 32,344 on the daily chart. If that's taken out, we're looking at 32,000 to 10 in the weekly, and then 32,000, that's, yeah, 32,986, and in the monthly chart, 31,600. So all of these levels- What was the daily one again? Because I remember you bringing this up in your program, so what was the daily one? 32,344, but that is on the automated Chapman Wave support levels. But when I go to the chart itself, what I said is, if we go below 32,750 today, that was during the show. Yeah, and I remember that. You've got to be really careful because the 32,570 levels, the next support, after that, it's just a straight line down to 32,272. All I'm saying is that that was the low on the 24th. Right, I see, okay, cool. The power of the arch formation is shown here because this rally, this is my daily chart that I show my subscribers every day, that we couldn't even hold above the 14 period moving average. So the weight of the downside, something absolutely very dramatic has to happen to have not just a balance, I mean, we've seen 1,000 point moves up and down and up to have a really sustained move into the 34,000s at this particular point, it's going to take something that is generated either crude oil falls sharply, something really has to happen. But you were talking about wheat just a moment ago. This is the continuous contract of wheat. So these little circles, I mentioned them on my show yesterday and the day before, I said, folks, I had to circle this because you wouldn't have seen it, but this was a limit up right here. So I circled it because it's a straight line river. Look, it opens at 1209, it has a high of 1209, it's the lowest 1209 and closes 1209 because it's limit up. Then the next day, we do the same thing that was yesterday, we went limit up to 1294. And then you would expect that the gaps would be filled and this is wheat, there's a continuous contract of wheat, leg E in the daily, leg D in the weekly, leg G stash C in the monthly. And look what happened. It did pull back into the gap and then it ran even higher. It went to a high today of 1,363.5 and even now it's closing towards the gap of yesterday. So it's telling us that right at this particular point, we haven't really resolved anything other than very, very short-term in the whole wheat sector. When you think about Ukrainians, they're a big supplier of wheat, they can't turn around. Let's just say, let's imagine the best case scenario. Within a week, suddenly there's a relaxation of everything. Farmers can't do anything. Where are they gonna ship the stuff to what are they going to do? So I think these are intrinsic areas of concern with crude oil skyrocketing. And we've been talking about the DB contract, the DBC, DBA, which is a DB Agricultural Fund, which we've had for a long time for subscribers to an opening call. Look at this, it's just holding so well and this has the grains, this has sugar. So my concern here is that on a very short-term basis, sure we could get some kind of a balance. To get something lasting a lot longer, I think we have to have some really strong pullback in crude oil, in the grains. We'll see how that plays out. And folks, it's very easy to get Basel's news that I come over to our website at TFNN, you're gonna see it right under featured content, the opening call right on the left-hand side. Just hit that button and you are off to the races. Basel, have a great one, safe one, we'll look forward to show you tomorrow morning. Thank you very much, Tom, you too. Thank you. Stay right there, folks. You have my back. 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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, down. Down industry is right now down. That was quick. Down 23, Nasdaq up 36, S&Ps up eight and a half, and here comes this high volume low, folks. Bottom line, that's, yeah. I feel a lot of folks out here, no doubt. Let's get a costus in Allington, Mass. Costus, what's going on, brother? How you doing, Tommy? Good afternoon. Hey, man, I haven't heard that voice in a long time. How you been? I've been good. I've been on assignments. That's a beautiful thing. Well, I appreciate you growling a problem with us, man. Okay, Tommy, great. I'm looking to buy the India fund, Tommy, for its cash distribution of some 12 and a half percent. Okay. It's a good time to buy that. What price? Let's take a look. You got Indian Fund, Non-Diversified Closed-In Management Company. Let me see what they got. Okay, so Infosys. I know that stock. Housing development, nine percent, nine percent. Okay, so it looks like you got the biggest companies in India. Okay, so let's move this back. Okay, so you're, I'd take your time, man. You know, see that, the high or the low of the pandemic deal there was 1784? Yes. I'd let it get into that. Well, we hit 1834 thus far. Just because you wanted, we can need there, you need a rejection of that high. Because if you don't get a rejection of that high, you know, you know how this goes, man. If you get like two points into that, that'll go down to the very end of that $10, man. $10, so the $10 is in the range. I should grab it. $10 would be the ultimate. But the way that it's coming into it, you know, it probably should reject 1784. Because the volume is huge, it's 6.3 million. And this does, you know, the biggest day had this, well, last Thursday it did 3 million. You know, if you got a rejection, but if it doesn't reject it, let it, because on the bottom, then see what happens at the bottom, yeah. Okay. And then, so you said this pays 10 percent right now. I see. I think it pays more than that, 12 percent, 12 percent. Spence ratio, 1.43. Let's see this a second. Yeah, I don't know the rest of these companies. Yeah, I know, you get Tata, which is huge, Gensbuss is huge, Housing Development and Finance. Yeah. You know, I just find out these other companies, you know, just kind of what the mixes cost us, do you know what I mean? Because there's gotta be side deals here that, you know, a lot of these large companies, they do business in Russia, they gotta shut down, period, so. Just make sure they aren't doing business over there. Okay, Bobby. Hey, great hearing from you, man. Hey, Kat, thank you very much. Have a great one, have a safe one. Let's go to Frank in Gloucester. Frank, what's going on? Hey, how are you, Tommy? I'm doing great, man, yourself. You know, I've been following you since 98, and I've never been in a gym like this one. The symbol is UCN, it's Uniform Charlie Oscar. Okay. And it's a double. Yeah. And it follows West Texas Intimidate Cruise. And look at the chart for the double, and it's pretty confusing. Well, can you get, Frank, is it you, you, Uncle, C. Charles, and Nancy? You, Uniform, C. Charlie, O. Oscar. Okay, thank you. You, C. O. Okay. Bloomberg, crude oil, exchange rate from the front of us. Okay, good. Okay, so we, you got some actions. Okay, now you can just start again, please. I'm sorry, I got it now, Frank. Yeah. Okay. So. So this is a double that follows West Texas Intimidate Cruise. Right. And it's a little hard to follow on the U.C.O. chart. Because it's a double, it's into this huge gap from 2020, trying to fill the gap up, I guess, but I don't know if doubles do that. So I'm looking at West Texas Intimidate Cruise chart. Let me get to that for a minute. Yeah, no, I'm with you here. So the real bottom line, Frank, is that you're gonna figure out whether to take your money or not. Yeah, that's it, right now. Yeah, and I'm gonna suggest that you do, and this is why, right? Okay, okay. So what has happened here, folks, is this. Okay, and this is very unusual, but the bottom line is that, you know, you've already heard about it, I'm sure. The nickel market, okay, and the London Metal Exchange, okay? The largest producer of nickel of the company was Sharding Nickel, okay? He's gonna lose $8 billion in the trade. But that's really not the story. The story is, is that the London Metal Exchange turned around and basically changed the rules. First off, they let the margin call not get called for the following day. Now, they paid it this morning, because I was watching this because the bottom line is that I've seen this, we've seen it in silver before, we've seen it in a couple different things, okay? But it's gotta be when there's like the monster dislocation, and that someone that has either the banks or someone that has more money than, you know, all of us bottom line, get the rules changed. So what happened is that, if we go to any of the nickel ETFs, right, what has happened is this, you could have a nickel ETF, folks, okay? And think you just made a fortune, and guess what, you're not gonna make anything. Because what has happened is that now they're shutting those down, even in the United States. So it's pretty intense, man. And it's not, you know, like the UCO is like, okay, you already get, I mean, this thing has exploded for you, which is great. And I think that, you know, oil is gonna go higher, Frank. So let's bring up the oil chart first, because I think 150's game. But where I'm going with this, too, is if some of these, like, high-end banks start shodding oil and get caught, you know, I know it's hard to comprehend, folks, but they can change the rules here two seconds, man. I mean, you know, this other guy got caught for $8 billion. You know, if a bank here gets caught for $8 billion, they'll change the rules, man. That's my take on it. Okay. You know, so, I mean, you have a good problem and I would just, I would just, yeah. You know, you're giving something up, but I think when we're talking risk reward, you know, you're sitting pretty. You know what I mean? Oh, absolutely. And there's a few, you know, I'm in several golds. There's a few golds that are looking toppy like this today, too, that are doing funny candles. They are, but I wouldn't move any golds. Wig, this gold market, folks, okay. If you haven't seen it before, just like Frank says, man, it's heavy, man. I just talked to a gold CEO and I was just saying to him, hey, man, I know this shot in his stock left and right, man, because guess what? Look at the volume and this stock's not moving, okay? So we're gonna have a lot of that, but gold is back to be in a currency. I think it's always been a currency, but guess what? It's a real currency, man. Because this thing is just starting, folks. When I keep hearing people say, oh, this thing is starting, man. I mean, you do not, this is like, you don't start a fight, okay? Unless you're like Cassius Clay, man, you're banging it out in two seconds. You start a fight and you last a long time. You start a freaking war and, you know, it doesn't end like in five days, especially against the Ukraine, you know? Yeah. Cookin', brother. Thanks, thanks. Have a great one, Frank, have a safe one. Stay right there, folks, we'll come right back. Dow Industrial is down 35. Nasdaq's up 28. S&P's off eight and a half. We'll come right back. 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Whether you think the Biotech bull has room to run or has run its course, trade LABU or LABD, Directions Daily S&P Biotech three times bull and bear ETFs. Visit DirectionInvestments.com slash Biotech today. An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. The Prospectus and Summary Prospectus contain this and other information about direction shares. To obtain a Prospectus or Summary Prospectus, please contact Direction Shares at 866-4767523. 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, Four Side Fund Services, LLC. At 1-877-927-6648, internationally. At 727-873-7618. I'm O'Brien. Welcome back, folks. So now, now it's down 48 Nasdaqs up 27. S&Ps are down 10. Let's go take a look at American Express for a few of the tigers out here. AXP, the low for the year in American Express, folks. The low for the year is 135. The high is 199. Next time they're coming out with numbers is the 22nd of April. Man, let's see what we got here. So if I put this on a weekly first, yeah, I wouldn't, if you don't own this, I wouldn't be buying this here and I'd make sure you get a stop in it because this is building cause to try to get down this high volume low at 149. You're already into the top of it just barely, 161. And if that happens, you know, you can get down to 119. So I'd be careful out there in a monster way. Let me go, we're gonna go back to the S&P cause I wanna show you this again. You know, when we started the program, we were looking at that high volume low, came right down to it. And what's important to understand, the cool thing about markets like this, folks, okay, they're very fast markets. And if you understand your Fibonacci sequence and price and volume, you're gonna do a lot better. What happens in a trending market that only goes up that yeah, the brokers can get a hold of it. But this market here, no one's got a hold of it, man. I mean, it's a whole different trip, man. And things hit quicker, but they hit. That's the bottom line. So you can see this market's gonna go on anywhere. What I wanna show you right now is that we came back down to that level. Okay, the level we were talking about out here was that 4180, right? Which at the time was 50 points away from it, man. Right, well, we went down to quick. But what it did, so what's this? We had 55,000 contracts. We just blew it away, oh, that's 47,000. But that's still too many. What you want, that could be a little heads up, 3,000. That's not a lot, okay? But what I've found is that that's still too much, okay? You know, if what we should have done, we should have rejected, it was gonna go higher. It would have rejected it with like 40,000. Now, when that happens, so let me just explain to you, if you get a couple of screens up, when that happens, then simultaneously you go over and you go into the NQs simultaneously, because you wanna see how they hit. And if they're both hit with volume, the bottom line is that you stay in that shot position. You know, don't budge. And so the number on the NQs was 16,000, and we just came in with 13,5. But what's happening, what time? Let me get my watch here. Okay, so you got four minutes, but now you're coming right after it again. There's no bids, man. This is a no bid market. And I know that plenty of folks have never seen a no bid market. A no bid market, folks, okay? So let's talk about markets in general, okay? When folks have been in the market for a long period of time, are there actually true investors, right? The way it goes is this, is that you have accumulation at lows, you have mock up, you have distribution at highs, and you have mock down. Accumulation at lows have light volume. The mock up period starts having volume on the way up. The distribution has very low volume, and the mock down has monster volume. So in that context, you can look at all these markets, and that's how they're set up. Now I want you to pitch yourself that you've been doing this for a long period of time. And the bottom line is that you've had the expansion all the way up, and you know that things do not go to the moon. Now it's very tough, even in the context of understanding these cycles, that okay, we're to the moon, it's time to clean up, pay the taxes on whatever you're gonna pay, get the heck out of the market, okay? That's what you have here. And it totally makes sense to me because what happens is this, is that when you are actually a trader, and you're looking, I'll trade almost anything actually, but most traders will, okay? What ends up happening is this, you know that when you get to a certain point and the higher said high is the high, there's no way that bottom line, you need to start all over again. So this is where we're at now. When you start all over again, let's say when you get a small correction, you can trade a small correction. When any of the large traders or even investment folks, now I'm not talking about just folks that are money managers, meaning that they charge you 2% a year or something like, I'm talking about actually the bank traders, the traders that are basically trying to take over companies and all this, okay? So what ends up happening is that when they see a downdraft like this, what do you think they want now? Well, the market wants right now that like last week what ended up happening, I said was talking about it yesterday, is that more money was put in the S&P funds and had been since like 2000, but they would depend by retail traders, so that money's gonna be gone, going to money heaven. So what ends up happening in a market like this is that there will be no bids until the deals are really there. Not when it's just like, oh, this is a pretty good deal. People aren't gonna put their money out for a pretty good deal, folks, because guess what? Even when you put your money out for a pretty good deal, more than likely you're gonna take another 10 to 15% hit when you get in the market, even though you think it's close to the bottom. That's my take on it. And that's my take why I don't think there's gonna be any bids. And that's my take on the aspect that I feel like we're going, you know, like, yeah, we should be put. When I put up JP Morgan yesterday, you know, and I saw that this is already below pre-pandemic, pre-pandemic, you know, February was at 138, we're at 128. That doesn't even make any sense, man. Well, it makes sense, guess what? Cause they're selling it. So good old JP Morgan's gonna be down to 76 or something. Let's go to John in New York. Hey, John, what's going on? Hey, Tom, how are you? I'm doing great, man, yourself? Okay. I'm going to Europe this year. I'm going to Italy. Should I buy euros now or wait? Okay, let's take a look. You're at 109. The cool, you know, the cool thing is about this. You're going on vacation. So all you get is really cool. This is a great way of doing it, by the way, folks. Okay, you lock it in. Yeah, I would. I would because, you know, you're low here is 106. You're at 109. You know, yeah, it can bounce off 106, man. But yeah, I would. You know, you're going to save quite a bit, man. The bottom of this range is the 103. I mean, we break that and, you know, you're going to be down to 93. But, you know, we look back. You just made, well, you've made about 15% not buying it in the last year. You know what I mean? And so the way, you know, well, you know a way to do that. Whatever you think you're going to spend the bottom line, just, you know, do it, get the cash in your hands, man, and you're in much better shape. Are you still bearish on the dollar? The dollar, well, I haven't been bearish on the dollar for a while. My take is that the dollar more than likely wants to go to 104 first. It might take a general, so picture this, folks. The Vinson wheel and country is actually coming back because Crazy Maduro basically two years ago dollar-sized his economy. And what that means is that they start using US dollar. And, you know, when you hear this thing about the dollars going away for reserve currency, don't even think about it. Vinson wheel is coming back because they start using dollars and people realize that even if I get five dollars, it's really five dollars that I can use and I'm not going to get toasted and roasted. You know? I don't think that's enough, John, though, to not buy it because you're talking about, you know, pennies where if the euro takes off again, then you're talking about 10, 15%. Cooking brother, stay right there, folks, 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 in 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. 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Inside the composite, yeah, composite. Look at this composite, man. So picture this, it's hard to comprehend, folks, that you can actually keep going lower and get an expansion of volume. Now, that will stop. It has to stop at some point because the way numbers go. But guess what? It's not stopping today. Yesterday, we did 6.1 billion. Friday, we did 5.2. We did like 5 billions last week, 6 billions this week. Bottom line, lower prices are coming at us, man. You get, well, and if you don't think that, I really want you to give me a call and understand why someone should basically be buying stock right now. That's the bottom line. And listen, I understand the context of, you have the company's making money and all that. But guess what? It's always a forward-looking deal. And we're at a point, and have been at a point for quite some time, that the amount of dollars that is being paid for the amount of earnings is still pretty high. That's the real bottom line. So we'll see where it shakes out. We're in, let's see, with March 8th. Boy, time-wise, it's hard to comprehend, man, like what could whip us out of, I think what whips us out of it is that S&P's got to go a lot lower. It's got to be at a point that we all think that we're getting a deal of a lifetime that will buy the market and then set it out. Because my take is that we are going to be in a huge consolidation for two or three years, and maybe five years. And the consolidation will be fine, but the bottom line is what everyone has got used to is not a consolidation. It's a move forward on a continual basis. And I can tell you, not yet. If you go a little lower, what I was going to say is that the amount of money lost, we won't see that again, but we're not there yet. But you go another 10% lower. There'd be too much money that's lost that it's going to be a lot harder getting trends going uptown. Oh, as you remember, folks, whatever you think about, you'll bring about whatever your focus on grows. Come back and visit Tommy tomorrow morning, kicks us off at 9 o'clock in the morning. Great show, folks. Have a great one. Have a safe one. Reel, look at him, folks.