 Let's get over to our man, Mr. Basil Chapman, as we do each and every Tuesday at 20 past the hour. And don't forget, folks, Basil has an outstanding show here every trading day, 10 to 11 Eastern Standard Time. Also, a great newsletter, the opening call. Now, it's very easy to get his opening call, folks. Come over to our website at TFNN. You go into the newsletters. You hit the opening call, it's right on the left-hand side. You can hit Subscribe. You get the opening call for one month for $149. You get it for six months for $695, which is a savings of $199 or 22%, and you can get it for one year for $1195, which is a savings of $593 or 33%. Now, they all come with a 30-day money-back guarantee. When you do get Basil's newsletter, Basil is down approximately 10 to 11 archives out there. You get access to all those archives. Great education, folks. Check it out at TFNN. Basil Chapman, what's going on? Hi, John. How are you? I'm doing great, man. The market's not doing great, but bottom line is that it's pretty intense, actually. It is actually intense. And a couple of things going on. One is, I don't know if you recall, but last week I said that we've been short the Dow in an intermediate-term position from around about $33,300, and that goes back to August. But we also want to trade on a near-term basis the rally that we saw. So we had the Dow diamonds, just like along the Dow, for a very nice rally. And then we got stocked out for small gains today on the pullback, so we are now left with just the short position. But most importantly, you see this week, this is the weekly chart in the middle. See these two trend lines, one's green, one's red? I call that the inside-track repellent or propellant zone. So we're right there now. We're down 1139, 31,241. So there's another pattern that I look at all the time, which is straight line up, straight line down. That's one. And then a cup formation or an arch formation. So in this particular pattern right here, it's red because if you come down sharply, then you try to rally and you only get to a peak A or a B, and then you come down and you take out the left side of the- That's the dreaded H, right? That's what we call the dreaded H. The very reason why we call it dreaded H is because you could get even a one-to-one to the downside from the H if it takes out that left-side low. All right. So both in the daily chart and the weekly chart, as we're talking right now, we are just about to test the trend line, the up trend line, the lowest trend line, which is the support level. If we take that out and we close underneath 31,182, which was the low back, it goes on the 6th of September. That's really not good at all. It means that the MACD is deflected lower. So this is a very critical level. Now you were talking about a bonds, and I'll just show you this chart. We had looked at it last week. I mentioned that this cup pattern that pulls back, we were looking at this. The subscribers were looking at the same. There's a really good chance that we're going to make a cup and a handle. Not one of my favorite patterns, but you've got to be careful because we've already taken out the 34.72. That's the 30-year TYX, that's the 30-year yield, and what the high today so far is 3458. So we're just underneath it, and we're really close to taking it out. But you can see the white is the 30-year, the brown is the 10-year yield, and the cyan is the 5-year T-node yield. And look at this. I mean, we've not seen patterns like this for a very long time. So we've got to respect that yields are breaking to the upside. They haven't already taken out decisively on this weekly chart, on a weekly basis, that left side high that was made at 34.72, 3.472 would be the percentage there. But we are really close, and look how it's affecting. This is with the iShares global timber and forestry ETF. It's starting to go back down to the 200-period moving average. It's impacting the Philadelphia Housing Index, which is the HGX. So we've got to respect what's going on here as something that we haven't seen in quite a while, where the Fed is, in a way, they're kind of forced to raise rates. So how it impacts the market is going to be very important. So within that context, if you're looking at the IAI, which is the, I always talk about, this is the Broker Dealer ETF. It had a really nice rally going from the 91 area up to 98, and now it's given back a chunk. But actually it's holding quite well. So there are signs within this whole conglomeration of different indices and different stocks that are, or even in this case, it's an ETF, the IAA, the Broker Dealer Index. Let's say there is support. Now, most importantly, if at 94 in September, if we see the IAI start to take out 90 support, that's going to be really important, because that's, I like to think of the Broker Dealer Index as kind of being a leading indicator. If it's starting to rally, it means that people are buying stocks. If it starts to fail, they're selling. So there are a lot of things going on here. So we've whittled down the cash position, at least we've increased the cash position, whittled down our stocks, put in the stocks very tightly. And I think that's all you can do here. We've had some very nice positions on the upside, but you can give them back so quickly. So you've got to just be very careful. I'll tell you, they're going to have a hard time bringing this inflation down, man. I don't quite understand why, you know, it seems like markets think that the inflation is going to come down in a year or something. I mean, I've only seen the inflation hit once, but when it hit, man, I mean, it was unbelievable. And it took like four and a half years to bring it back. That was with Volcker, yes. And even more important than that, it's all the repercussions of the of the yields going higher. So yeah, and not only that, we've got to be watching things like crude oil. Crude oil is down at the lower end of the range at 87. But if we start to see crude oil suddenly spike higher, that's going to be very important. I'm not sure. I think that crude oil is telling us that there's kind of a weak economy right now. So I'm going to be watching this very closely. So this is a time for caution. And as I said, we wanted quick trades, near term trades, which have worked out nicely. Most of them have not everything. But I think conserving cash is really important. Oh, there's no doubt, man. And, you know, in this particular case, folks, when they say cash is king, it's not only king, it's king all over the world. You know, for sure. That's right. And talking about the king, you're looking at the dollar. We're still on the dollar. The dollar is up 1.5 one today. It's holding in the upper part of the range. And it's only a leg C in the monthly chart. So there are a lot of there are a lot of aspects in this market that are a little unusual in the sense that the dollar keeps running strongly. That's going to impact profits from the international companies. So we've got we've got to watch very closely. But I do think that we will get as we did before, you can get very nice trades to the upside, which you've got to be very nimble. Yeah, they're not out there today, man. Yeah, today, I mean, 1151. That's a big number, man. Listen, folks, come over to our website, the TFNN. We're going to go right under Newsletters. You're going to see the opening call on the left hand side. Second one down, hit that baby and you are off to the races. Bows, you have a great one, a safe one. Of course, we look forward to the show tomorrow. You too, Tom. Thank you. Thank you.