 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 Phil in Puerto Rico. Hey, Phil, what's going on? Hey, Tom, doing great. Just wanted to thank you guys and the whole crew. That's the content on the internet. Really appreciate everything you guys are doing. We appreciate you growling and prowling 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 in. Awesome. I know quality when I see it, but 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 film. We appreciate you growling and prowling with us. My pleasure. Now, Tom O'Brien. Well, 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 in the internet at TFNN.com. Always remember, folks, whatever you think about, you bring about whatever. You focus on growth. Hope everyone's having a great day, safe day. Let's make it a great night, folks. Don't make assumptions. Assume nothing. In any kind of relationship, you can make the assumption that others know what we think. And we don't have to say what we want. We assume they're going to do what we want because they know us so well. If they don't do what we want, we feel hurt. And we think, how could you do that? You should know that. You've got to love these cards. Mockin' wise! Let's take a look at it out here. We have the Dow Industries up $277. NASDAQ's up $228. S&P's up $51. Gold contract down $12. Trading at $18.59 notes. You've got Silver down $0.04. $22. One penny. Light Sweet Crew up $0.81. $110. $0.59 a barrel. Notes and bonds. The 10-year note. Excuse me, folks. Up $6.6. Trading $1.2017. The 30-year down $6. At $140. $123. And $Kingdala. $Kingdala's up $195. Ticks trading $102.050. Euro $106. Yen is at $127.34. And the British pound is at $125. To $1. U.S. Dollar. iPhone numbers 877. 9276648. Give us a call, folks. I know it's going on in your world. In the world of ESMPs, let's take a look. And what do you have? Well, bottom line is that what you had out here yesterday, you got a... Close that one. Nope, I don't need help. You got a rejection of lower price yesterday coming into the swing. So what you had is this. The first low that we had established out there was on the 12th of May. That had 125 million shares. A low out there of $385.15. Bottom line, you broke that for an ABC structure down last Friday, option expiration. So you're still on an ABC structure down. That structure is the $364 level. Now, what do we do? Yesterday, they come right back at that level, rejected it, had light of volume. You had 91 million shares versus the $131. Now what do you have? You have a complex ABC. And what that is, is that that's when you jump on the other side of the B point, which we did, you have a contraction of volume. And what I expect you to see here is that, you know, Wednesday, Thursday, I mean Thursday, Friday, coming into the, you know, long weekend. They'll run this thing. And you'll see the contraction of volume all the way up to that. You get window dressing that's happening. I suspect the next leg down. This is setting up the next leg down. That's my take on this whole deal. And the confirmation of that will be going higher tomorrow and going higher Friday. Maybe Friday and you see a sideways and you have a large contraction of volume. That's would be the building cause for the next leg down. We go take a look at the NDX 100. Same type of setup. What we had out here yesterday, bottom line, you had, now the NDX is not in an ABC structure down because that took out the B point with light of volume. On last Friday, we had 91 million shares versus that 120. Bottom line, yesterday you rejected, you had 73 million. Going into that 91 rejected it. Today, you get 51. You'll probably do 75 or something. Bottom line is that this thing can really, really jump up to somewhere about 315. Right now you're at 293. Gold. Gold contract out here is pulling back. You have light volume on the pullback. You know, you're rejected the 1875 I think it was. 1845. So you rejected 1845. You're at 1850 right now and right now. This is probably setting up a small ABC structure on the way up. And if it is, you got, let's see, 92, you got, oh, it's a nice one. Okay, so you got, it's about a 92 A to B which we get you 1735. I mean 1935. Your next swing is 1928. The largest swing is 2009. Notes and bonds. Let's go take a look at the Noten Barn Market here. With the Noten Barn Market we did out here, you have four ticks right now 10 year. You're trading 120.016. And what we did have out here last, you know, you get a nice kind of trend bounce going. That's the real bottom line. About time, just no doubt about that. You know, you have, you're pushing the tops of these. Let me just look at this for a second. So if I take this, let's see where we go. Okay, so .382 is 121.27. It should be able to make it to there. We're going to really learn a lot. Let's put it this way. Because if you can't do a .382 of a bounce, that means that's showing you how weak it is. Right now we're at 121.17. The .382 is 121.17. And good old King Dala. We get over and we take a look at King Dala. And what you're going to have with King Dala. King Dala didn't hold price today. Now the high in King Dala that was established out here is the 105.005. You're at 102.58. And what we did have in King Dala today, King Dala, I couldn't hold price out here today. We made it up to this 102.449. You're at 102.056. That is saying, and when you look at King Dala's chart, you can see the correlation. There's like not support all the way down into this 99.418. So it's not a big deal to get down into that level. That's where it comes out to. Some of the higher volume equities out here, and we take a look at this market. You have Schnapp. Schnapp after getting smoked is up $0.50. You get advanced micro up $262. You get Dick's Sporting Goods is up $760. You have to get going down hard, man. This is going to be a cool one to bring up. Tesla's up $39.067. Let's go over and take a look at Tesla. Tesla is a confirmed ABC structure down to the 502 level. And you get a nice bounce today. There's no doubt about that. You're going into $48 million. You've done $26 million. We put this back. We put this back. Yeah, so $539. It's never even hit the $539. Yeah, this equity wants a lower volume. I mean that lower price. But you can see the bottom line is that, you know, you get the nice bounce happening in the market. If we go take a look at the XL, actually I want to look at the JP Morgan. Let's go take a look at JP Morgan. Jamie Diamond. Jamie doesn't pump up his stock too much. The last couple of days he was out there pumping it. And he was basically trying to work for his pay because what ended up happening at the shareholder meeting, there's only 30% of the shareholder vote that was saying he should get a raise on his compensation as yet. So as we come back, I will go over JP Morgan. Dow Industrial is right now trading up $317. Nasdaq is up $247. S&P is up $55. Stay right there, folks. Come right back. Time of booming inflation. We are purchasing powers eroded. There's no better place to protect your harder than in the world. Vista Gold's flagship asset is the Mount Todd Gold Project in the northern territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large scale, low cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. Vista Gold just completed the Mount Todd Feasibility Study, which resulted in a 7 million ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. This distinguishes Mount Todd as an attractive, devious partner, ready development stage gold project. Vista Gold trades on the New York Stock Exchange under the symbol VGZ. 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. 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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, Dow. Dow Industries trading up 269 to get the Nasdaq up 220 S&Ps are up 49. We had the Fed Minutes out folks. Bottom line is that we take a look at these Fed Minutes it's going to get really intriguing here. I have been bringing up the aspect that I thought they were going to back off in the July number meaning go from a half to a quarter. We'll see how this shakes out. Inside the Minutes they're saying flat out that they are going to basically stick to the half a point in both meetings. That being said in the market, meaning in the bond market the bond market is pricing and as soon as these numbers came out as soon as the Fed bases come out the bond market is saying guess what, no they're not going to do a half, they're going to do a quarter. So we'll see what this shakes out but some of the Minutes what you had most Fed officials agreed that the Central Bank needed to tighten in half point steps over the next couple meetings continue in an aggressive set of moves that would make policy makers have, would leave policy makers, more flexibility should shift gears later if needed. Most participants judge that 50 point basis increases in the target range would likely be appropriate at the next couple minutes, that's a quote from the May 3rd and 4th meeting. Many participants judge that expediting the removal of policy accommodation would leave the committee well positioned later this year to assess the effects of the policy, firm in and to the extent at which the economic developments warranted policy adjustments. Now yeah, okay so we know what they said the most important part that's in all of this Fed meeting folks okay has to do with let me get to this has to do with the aspect that they're gonna start rolling off the balance sheet in June and the aspect this is where this is gonna go okay so here we go so they finalize and plans right now to start rolling off the 8.9 trillion dollar balance sheet shrinking it okay starting June 1st that's right when we get back to work folks after the holiday holdings of treasuries you'll be allowed to decline by 30 billion a month that's treasuries rising to 60 billion a month in September so the you know June, July, August will be 30 at September 60 mortgage backed securities are gonna shrink by 17.5 billion increasing to 35 billion okay so those right there folks okay this is the crux of the whole deal and the reason it is is that they fed themselves they're coming out saying okay we may have some heavy dislocations when we do this okay and they're saying there could be some liquidity problems so let's discuss what liquidity is for a second liquidity folks the only time that you hear liquidity problems are when things are going down because what ends up happening is things are going down so we have the bid and we have the offer and anything we trade liquidity problems means that the bids get pulled you can get out but guess what you're gonna get out at a lot lower price than you realize this is something folks that you know no one knows it's really gonna happen here okay I can tell you from the experience of being in the bond market that the leverage that takes place in Wall Street and the bond market is insane it's always like incredible well you can hear watch this watch and just even look at when you trade bonds I just want to show you something this gets intriguing so because when you see what you know a retail trader can do so here you go so look at this so a retail trader you and me right when we trade bonds okay the bottom line is that for $100,000 you know I have to put up folks $1870 that's it so picture this that's the retail trader every single person that we're talking about here can do that 18 so you can imagine and the aspect is that you know you know bottom line is $1,000 well this is going to be a problem okay um oh here so we have a question in the den and what the question is in the den is that who is going to buy them that it hasn't I believe well it's actually going to happen here and I got to do some more research I believe what's going to happen is this is that it's going to they're going to roll off and so when they roll off they're expiring okay a lot of them are going to be rolling off the problem comes down to right to this day they're still buying bonds so the question is going to be well no so the aspect is they roll off and they're not buying they're not a bid inside the marketplace we've had a bid inside this marketplace for what 12 years we've had a bid inside the marketplace from the Fed since 2008 that's 12 that's that's 14 years that's where the problem is going to come in so listen we'll see what we'll see the whole thing shakes out um yeah that's going to be a trip there's no doubt about let's go take a look at the uh I want to go over to some of the no I know okay let's go to Amazon I want to go to some of these big dogs out here so we take a look at Amazon Amazon right now this here still doesn't have a million man 3.3 million this is not done going down man that's the bottom line you know that's the Amazon let's go look at Microsoft Microsoft is 20 million up same deal same deal yeah it's this is all over the place the XAU HUI let's take a look at the XAU first let's we got a leg up oh that's good this is a good volume yesterday man this is good that was 30 million yesterday maybe 4.22 we're coming into 42 you can see we still need more but that was good volume yesterday so that's building cause for higher price out here um you know tomorrow folks we so we're coming up to the long weekend uh what we are going to be announcing tomorrow is I'm going to be doing a workshop I'm going to be doing a time in the trade workshop I haven't done one of these in my garden I don't know a couple years, two or three years bottom line that workshop is going to be on June 10th you know so if you want to understand price and volume ABC structures testing the whole ball of wax which I do every single day um you know get ready tomorrow because it's going to be a limited deal uh but we'll have it up on the web tomorrow uh check off June 10th on your calendar and uh bottom line will uh go from there snap snap uh you know we got crushed yesterday uh oh and it is live on the front page right now so it is live up there um if we take if we take a look at snap uh what you have with snap right now uh bottom line is that don't touch this thing this is this is a confirmed ABC structure on the way down uh to the price point of um $9 okay so it is a very large number and in fact if you go over to let's do this right now if we go over to TFNN there's nothing like that what a crew we got here it's a beautiful thing Tom thank you and thank you Jacob so if we go over to TFNN uh bottom line is that you're going to see it right there you can sign up right now evidently okay uh well I know we got this page up um it's going to be from 9 o'clock to 2 o'clock in the afternoon it's 295 when you get to the 295 by the way folks you get my book which is uh $88 you get the newsletter which is $169 stay right there folks come right back if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metals 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 TFNN has just launched their new trading room 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 and now they are expanding their reach with the Tiger's Den available to all Tigers and Tigresses for just one dollar 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 TFNN is excited about our new software charting program the Art of Timing the Trade chart in collaboration with Tom O'Brien and using his best-selling book The Art of Timing the Trade 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 Godly's ABC's 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 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 Welcome back folks, Dow Dow Industrial is right now up to $68,000, you can domestic up to $214,000, S&Ps are up $49,000 let's just go over this workshop for a second because the workshop is up folks, okay so if you come over to TFNN you're gonna go right under featured content you're gonna see how I'm gonna be doing a workshop June 10th, now the workshop is going to be the Art of Timing the Trade I'm gonna go over quality volume I'm gonna go over the ABC structures Confluence, Fibonacci Confluence levels folks are just so dynamite it's unbelievable cause and effect and swing points cause and effect, it's subjective there's no doubt about that, okay but the bottom line is that the more charts that you see the more you really start understanding just what it's all about so the cost of the workshop is $295 that being said you're gonna get what the workshop is this, you're gonna get my book which is $88, that's what it costs and you're gonna get my newsletter which is $169 so if you do the math on it and the bottom line you're getting a nice workshop it's gonna go out, we're gonna start at 9 o'clock and go to noon and we'll take a break from noon to 1230 then we're going 1230 to 2 so if you really want to understand the bottom line you see me every day what we're doing you know, check it out and what we are doing is this I'm stopping it this court is a great deal folks okay but what we've found out is that once we get over 50 in the room you know, in the separate room we got hundreds on this other one but when we're talking about putting lots of charts up and all that the bottom line is that we're capping it at 40 people so you know, check it out you want to get in it, jump over there you can sign up now and you know you're gonna get a spot iPhone number is 877 9276648 the you can expect out here today so let's go just take a look at this this is gonna be a classic what I have seen on holidays like this folks is that they could get this market really going pretty well and if we do get it going well and you have that contraction all the way up meaning for the next couple days that happens to be if you're a bull this way, if you're a bull you do not want to see that happen what you'd like to see as a bull right now is that kind of what happened yesterday is that you got a pop in the market and then what you'd want is that you want another test like right now because what happens is that the energy in the market is all about so let's say today we finish at the highs you have a contraction the next day you go up a little bit high a contraction that's a problem in paradise that sets up lower prices coming at you let's go take a look at CCI oh it must be CCJ CCI CCJ is Comico second there we go so Comico right now I don't know so Comico right now is trading at 418 and the low for the air is 1534 the high is 3249 okay so let's first see what we banged into on the way down okay so on the way down you went to like the bottom of the consolidation too much volume yeah I wouldn't be buying this right now so you hit 30, you hit 30 dollars 20 dollars rather high volume low that's at the bottom of the consolidation so watch this let's do this on this one here because this is pretty cool just to see how this shakes out okay so your last swing low out here right happened to be and I'm doing a weekly here the last swing low was the week of January 28th we went from 20 dollars to 1803 right you had 38 million shares traded we came back down with 45 million shares traded now rejected the lower price at the lower end you come back in and you have an acceleration of volume it's a problem now you can turn on and say okay is this a toss up the reason that I can say it's a toss up is that you're still coming back to the breakout area now watch this though the break the first breakout area there had 41 million and the next day had 58 well guess what we still have 48 that's too much you're coming in with the too much and then on top of that this and this is where it you can actually learn more on bounces than you can on the way down or the way up and you can see on the bounce you know we contracted last week we had a lower 48 million we contracted with 36 this week gear is going to be you know contract even more so bottom line is that I wouldn't step into that right at this particular point we go take a look at the XLE so oil market out here bottom line XLE is at highs okay so let's pull this yeah okay so yeah I wouldn't be buying this man I'd be getting I'd be getting out so this is going to be classic this is going to be a great one for us to watch what the heck is going on right in the oil market when I see something like this okay I don't hang around man you know the the XLE in five months has gone from $22 up to with volume up to $80 and then you can see what has happened you know you you get markets that go sideways okay and this this case that's what you have and then you see the first time you come down see the volume expand the bottom so you hit a high of $147 million you come down with $227 million you go higher with $230 you take that out with $157 that's not a good setup man that's that's how I read that and if we go let's go inside the XOM and X chevron and so chevron I mean XLE mobile first that's taking a swing point out this is interesting because this wants to go higher this is taking a swing point out let's see $94.77 $27 million $24 let me put this on a weekly though okay same setup so this could okay so X on mobile can go higher I wouldn't be buying here either that's what it comes down to the exact same reason for the exact same reason that the last time we had volume was at 91 you can see you know what happens at tops folks tops take a long time they you know but you have the contraction of volume that's happening chevron that was X on because chevron and X on a lot two largest weighting structures in there and well the chevron you can see hasn't made the high yet in that what you're picking up here also is this is that what has happened is that as we're pushing the swings you are not pushing the swings with volume you know and let's go over to the oil market in general so let's see oil okay so so CLA okay so we're dealing with the the july contract you going sideways yeah this could spike 116 it could spike 116 you got a spike up there 116 but maybe it's a one day wonder 116 I mean you know that that's that's how that whole thing can be setting up dow dow industrials right now up 225 nasdaq's up 188 s&p's up 41 and don't forget folks I'll be doing this workshop on june 10 you can check it out in the front page of TFNN and with the workshop you know you get my book you get the newsletter plus you're going to get a great workshop and I'm totally psyched because I haven't done one of these in a long time dow dow industrials up 221 nasdaq up 186 s&p's up 40 come right back are you in the market for buying or selling real estate in the bay area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at TFNN.com that's 727-329-8322 call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the Technology Insider is designed to give you all the information you need to understand the technology that shapes today's markets in tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for day delivers his weekly newsletters every Friday with updates throughout the week you can get the Technology Insider at TFNN.com for only $37.50 sign up for David's newsletter the Technology Insider and get an inside look at everything the technology sector has to offer try at risk free today with our 30 day money back guarantee TFNN educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade L.A.B.U. or L.A.B.D. Directions daily S&P biotech three times bull and bear ETFs visit directioninvestments.com 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 summary prospectus please contact direction shares at 866-476-7523 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 at 1-877-927-6648 internationally at 727-873-7618 I'm O'Brien Welcome back folks to Dow Dow Industries right now trading up 226 you got the magic up 182 S&Ps are up 40 and we had a question about Disney so if we take a look at Disney bottom line is that this is you know come down come down hard like the rest of the market we bring this back three years first what you're going to see is that we went from a high out here of 203 you're at 103 right now you're coming into the high volume low and you dug into it this is where this gets really intriguing okay so it's pretty amazing actually when you look at it because the high volume low bar from March 2020 the high of that is 121 the low 79 okay and we made it to 99 so the real question is is that you know you've heard me say this many times when you get into these high volume bars and we're in it so much it's like man that can go to the bottom you know that being said it can go to 79 bucks you know so the question is you know adding on the longer term basis you know it's a tough one I think I basically wait this out just a bit now the wild thing okay now this is where this is where you have a conflict of fundamentals and technicals looking at each other because because I mean we're in Florida okay you know I have Tommy my grandson Tommy okay we all can't wait to go to Disney he brings Tommy and lands into you know bush gardens a lot and in Disney's case right what has happened is this is they are making money hand over fist on the there's an article I thought I could pull it up quickly but I kind of was in the Wall Street Journal and what they're doing is that they used to have the fast lines okay now they're getting rid of the fast lines and now they're basically charging well first off they charge to get in the park but then what they're doing is they're charging per ride if you want to get to the front and it's turned into a monster you know profit time and so I finished reading this article this morning I'm saying to myself okay man you know this got to be the low in Disney you know but guess what there's the conflict the conflict is that you know my take is that we're going lower the aspect of that high volume low when you've already dug into that by 20 bucks is pretty intense so let's do this so I want to go in here as I'm saying that though I should go into a weekly first and just to see because it's possible well let's just look at it first so if I take this and put this on a weekly for three years okay so where are we digging into here see what I don't like about this right here anyways I think it has to retest 99 anyway that's the first part because that's a high volume low right there but the 99 is going into so you get 113 million that's going to 148 yeah my take is it's still going to you know if I've learned anything in the markets folks and you've heard me say this before the markets job is to take the most amount of money away from the most amount of people in the least amount of time it's the most efficient mechanism I've seen in the world that can do that you know so bottom line is that yeah I'd wait it out that's you know sad but true you know because it's you know and what also ends up happening is that you know what tends to happen in down markets like this you know the bottom line is that I won't be getting any questions of buying anything until this is over that's you know the folks that are in the gold market know that very well what happens in the gold market it has happened for continual for 20 years is that every time that we get too many calls guess what get ready for a pullback every time we don't get no calls guess right that's going to be it and I listen man the market is so deviant it's unbelievable but that's kind of how that I look at things yeah let me show you something here now this gets wild so the building business right let's go look at the building business I know the building business pretty well right toll brothers see what happened here toll brothers up 378 so watch this they come out with numbers the bottom line are good numbers but let's look at this technically first we set it up you take a look at it you know bottom line is that you're coming into you know you rejected lower price out here this week at 4410 the last low that was established out here was 4376 now to me this is going to come back down and the reason being is that what we actually did we had you got into a low and you had an acceleration of volume now there's plenty there's no doubt there's listen there's plenty of support at this particular point there's no doubt about that okay so you have plenty of support yeah you get a bounce going and I suspect that's about it you know when they say you get a bounce going because what we did do okay you know they're talking about robust buying power all the above well there's a there's a couple papers out there folks and we're really lucky in Florida in general and the reason that we're lucky in Florida is the there's so many different home builders right what has happened already okay is you got a picture what they're reporting right now that's a leftover deal you want to know what they're going to do in six months from now okay that's that's the real bottom and the leftover deal has one thing going from six months from now is a whole different ballgame and what tends to happen you know in Florida is it as everywhere but except that it's certain parts of Florida have more land well what ends up happening is that the land structure has gone up so dramatically and a couple of the you know larger builders they basically you know have said flat out hey man I think the land structure I'm going to be pulling back you know so you know that's that's actually happening out here right now um you will see where it goes but my take there is that that's not done also but you know the bottom line it can be another leg down you know do we have a call out I just say we have that says nothing okay who do we have in the phone uh why it's just me hey Jose man what's happening brother it's just uh Jose out here in Lakeland I love it so we're going to look at Cadence well Tom before before you look at that um I'm trying to reach out to Richard Dreyfus people his agent he's going to play you in the movie coming up we're going to title it the prophet of probability Southeast visionary mystic I love it I'll go for that Richard Dreyfus he's the only one that could play you that's too funny man yeah particularly with this new look huh yeah right hey Tom I'm hearing from uh some vendors out there that uh OSB plywood it's all stacking to the roof at these mills at these lumberyards I can tell you so watch the you know it's so cool folks it's a so picture right now I have one too I just finished one house that's gone I'm building four three of them are sold and I can tell you flat out I've never built them so quick well when I say four I'm actually building eight houses so I'm building eight so and what has happened is this you know I said Jose to even the subs they're working for about four months ago I said man I said are you guys not busy because I'm realizing that the subs instead of having two plumbers they're throwing five instead of having you know three electricians they're throwing six I've never built six eight houses so fast in my life so I believe it oh yeah I mean that's you know what I'm saying it's like okay they're all gonna be done within a next six to eight weeks so it's like okay I'm digging it you know what I mean but that tells me also that yeah it's it's here man we're in it right now we're in it man uh Tom time to short text I'm dying to you know you okay you gotta let it get a big bounce man don't don't do anything until we come back from the holiday I got you I got you good deal cook it man have a great whatever safe one thank you okay bye bye 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 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you know the bottom line we'll see whether they can you know get rid of it in a you know year something like that you don't you don't go from 2% to you know my take is that this thing hit 20 or 30% and I know the numbers are 7 or 8% but guess what you know things that are important we've talked about this before there are monster numbers and they will come down okay but the bottom line it takes what it takes it takes less demand in order to make that happen and I'll give a story this is another crazy story I've been nailing it all day today the bottom line you know I got containers that I got a lot of Shanghai right now I'm trying to get them out of the Port of Tampa basically I've had paid for three days and what that means specifically folks is that the bottom line is that they got them stacked and after a certain amount of days they give us four days to get them out but guess what if they're stacked and you can't get them out then I got to pay 300 bucks a day so there's still problems there and in this particular case that's when I'm right here so that's insane all across the board so that also means that the supply problems that are still managed to get it out when the lockdown was there but guess what the bottom line is that there's all those different things along the supply line you know NVIDIA NVIDIA NVDA is going to be coming out with numbers this afternoon and 25th yeah after the close man so this is what they're going to be looking for they come out at 16 20 hours so that's 20 past four they're going to be looking to do 8.1 billion and bring $1.30 to the bottom line is that right oh my god yeah that's a lot of money man we'll see what they do it always remember folks the back and Chloe the hot out the bull can run you over and thank god there's always another trade health average and prosperity have a great night folks have a safe night come back and visit Tommy tomorrow morning kicks us off 9 o'clock in the morning great show folks real well get them folks