 Now Tom O'Brien. Welcome folks. This is Tom O'Brien of TFNN. We've got five days a week. We go seven hours a day We go 24 hours a day in the internet at TFNN.com Always remember folks, whatever you think about you bring about whatever you focus on grows Hope I was having a great day safe day to TGIF folks It's the first one of 2020 get those jetpacks. I love it to begin a great relationship Know what you want Know what the needs of your body and what the needs of your mind down what fits well with you There are millions of men and women and some of them will be a good match for you and others won't The two of you only to be like a key in a lock. A match that works Mugger eyes. Let's take a look at it out here. We have the now industrials down 173 Nazca 45 S&Ps down 16 go contract up $21 trading at 15 15 ounce silver up two cents 18 $1 7 cents an ounce light sweet crude up a buck 80 $62 98 cents a barrel notes and bonds you get the 10 year up 23 ticks 129 11 the 30 year up a point and a half at 150 806 and King dollar King dollar up seven ticks trade 96 8 53 the euro is at 111 The yen is at 108 and the pound is at 130 to 1 US dollar iPhone numbers 877 9276 648 give us a call folks want to know what's going on in your world and the world of the S&Ps Let's take a look at it. You talk about the deviance folks You're gonna love these markets man. These these are great markets, okay? So what I mean by that high volatility the deviance comes into the marketplace In a day like this in a huge way You had already gone to highs the first high that we had up here bottom line had no volume Second high inside the Nasdaq you had volume behind the move. That's telling me we're gonna get tested again You take a look at the S&P futures. We were down at 3206 overnight You're at 3243 markets shook it off bottom line We're up at 3243 and the high for the day is 3246 which was established out here at 1 o'clock in the afternoon I expect we're gonna go right after it and don't be surprised if they run this market right into the close once again Now that being said what you're gonna. Have is this so watch this we take the spy and we put the spy up what you're gonna See it as you're coming up here We're we're up a dollar fifty-two without a dollar fifty-two right now at 323 We start lining this baby up what you're actually gonna see here is that you got another doji that's lined up We had the last three weeks. We've had doji's that are up of these highs the first week This is an inside the spy now The end this third week of December you had volume up there the volume up there in the third week Was 426 million we did 146 and we're gonna do 213 what I do expect as I just said though I do expect that the highs are going to get tested more than likely Monday or Tuesday And the x100 three cues you can see inside the three cues three cues just a blew away a B point Now it's gonna be intriguing here in the cues is this The and the x100 as well as the three cues as well as the nasdaq composite blew away a B point and did have the volume So the question is is that okay? Is it going to be a test of the high? Or are you going to get the full ABC structure on the way up? So first I'm going to do the ABC structure on the way up here to be point is to 1456 your eight point is approximately 201 78 what I say 215 Okay, so you're not talking about the 12 and a half points that would get you 12 30 12 23 Yeah, 223 Approximately 223 we at 216 Okay, so that's 223 would be a ABC structure on the way up your price projection What do you want? I want to be looking for is this how do you come into these highs number one? Do you reject them and do you reject them with light of volume if that's what you get? Guess what that would be saying that guess what this this move that's gone higher You will get a move and a sell-off on the way down Deviant beyond belief because what you also have happening here is this when you get a move this fast down overnight and This is like the first move that we've had like this in a long time most times it really does come right back What I've seen is that when you are at a high and you get this move I really dig it because many times you you go all the way back up and then every person that ever Shot it ever we'll say I'm not they're gonna do this again. I'm that's not gonna happen And guess what that ends up being a high you get the test in the high Then you get the pullback gold gold contract. You can see what's happening out here. Okay, so the gold contract today Will not pull back now I can Totally understand why I wouldn't pull back and the reason being folks is this Gold in general if it's trending up on a Friday, it's very dangerous to be shot gold on a Friday Even if it's just trending up never mind that you know, you have rockets going across the world and drones going across the world and More basically chaos. Okay, so in they're not going to sell into the Gold market and that's why you see gold being at 22 and that being said yet the equities Haven't held price. So watch what happens here the XAU bottom line, you know, didn't even make it over as high So we went from 108 to 105 if we go take a look at an eco eagle we bring an eco ego up what you're gonna see Is that you're still in a consolidation? Yep, you're flat really $60 $0.48 we go take a look at Royal Gold Royal Gold right now is down a buck light volume now as that this is what you're gonna You wrap your head around it. We had gone higher on Monday 484,000 you go lower today with 235 that's saying that the mine is still won higher price We go take a look at the GDX and what you're gonna see with the GDX the GDX got up to a higher high today Gave it up. That's in the GDX is gonna pull back. Also. We're 2908. That's saying 2866 is game It's there's all these deviant moves in the marketplace when you have When you're well first off when you were at all-time highs secondly when you have these types of Shocks into the marketplace that that's kind of how it shakes out notes and bonds Let's go take a look at the note and bond market note and bond market folks Absolutely want higher price lower yield and this is just that I've been saying it for years now It's the ever-ready bunny. I mean the retracements are so Shallow inside these marketplace and each and every time you know bottom line is plenty of folks I think rates are gonna still continue. Oh, they're not still continue go up. They've been going down to go up, but not you know Technically the 10 year right now is at 129. This thing is on its way to 132 Big number. We take a look at the yield inside the 10 year right now at 1.79. That's saying we're going on a 1.69 Higher price lower yield Dow Dow down 183 Nasdaq off 51 S&P's down 70 and a half will come right back you