 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 John in Orlando. John, what's going on, brother? Good afternoon, Tom. How are you? I'm doing great, man, yourself? Good, good. I want to tell you I've been listening to you since your radio days back in 99. I appreciate what you guys do, but what I really enjoy that you brought back to us, this guy is as smart as a whip. I am so happy for that feedback. Yeah, because he's one of a kind. He's got to be the number one market timer. I'm telling you, it's like he calls it really, really good. He does. I really appreciate the feedback, man. Now, Tom O'Brien. Welcome, folks. Tom O'Brien, he is off today. Tom O'Brien filling in, looking forward to an action-packed hour. Pretty cool, as I greet you. On 3 p.m. on January 29th, folks, we kick off the hour. We have markets at all time highs, with the markets catching a bit. Right at 3 o'clock, as I came on the air, we have the S&Ps. Make it 25 points to the upside. Now, 25 points right now, that's only half a percent, because this thing sitting near 5,000, nonetheless. You see the acceleration, right at 3 o'clock, we push. Higher to the tune of about half a percent. NASDAQ 100. You're up by 8-tenths percent. Now, not quite over those price levels you had on Wednesday. We come into a week that doesn't get much bigger for tech earnings. We'll go over some of that this hour. You get the Dow. The Dow just popped 100 points. You're up 126. That's a third of a percent. You get the Russell up by 1.2 percent. Now, the Russell, well off all time highs, man. You're still talking about almost what? 400, 500 points. 25 percent off the all-time high is pretty interesting. When you look at it in that context, Bitcoin, back to a short-term timeframe, we trade higher to 43,450. When we have some action in yields, we have some action in the dollar right now. We have yields dropping. Why not just jump to it? We have crude, down a dollar at 76.92. We jump to the 10-year. Whoop, ZN. You have higher price, lower yield, a little bit of a pullback there from that first move, though. Look at that. We made it all the way to 1, 11, 122. Ah, two ticks. Back a bit. Higher price, lower yield. The 10-year's sitting at about 4.07. 4.07 is what's happening right now on the 10-year. You jump over to the dollar. Complete reversal from what happened earlier today, right? It was all strength earlier this morning. And you gotta keep your eye on these relationships. Doesn't mean it's always gonna happen. But look at the action near the open, man. Something had to reverberate here, folks, okay? When I came on the air at nine o'clock, it goes at 2,056. And I'm saying, hey, you know, it's interesting that it's going both ways because you had dollar strength. And at nine o'clock, you had gold sitting there when dollars at 103.64. Nonetheless, you accelerate 103.82. These are dramatic moves ahead of a Fed decision. On Wednesday, we get jobs numbers. On Friday, we get many of the tech companies with their earnings coming out this week. You jump over to Apple shares. Apple, quite the acceleration this morning. 189.58, just like that. Apple within 76 pennies. Google, 154.81. Google up about 2.30 percent. Microsoft, biggest company in the world right now. Up 1.2% adding to those gains. You jump over to AMD. AMD down about 56 pennies right now. Their numbers this week as well, 176.74. We jump over to Meta. Look at this thing, man. All-time highs, Meta up by 2.1%, $8.36, man. I think I pulled this up this morning. If I didn't, it's a one-way trip, very little selling. You had one moment of selling, maybe in July. Beyond that, can you even find the October lows in the market in this equity, right? You chopped around for a period of time and well above where you were for all-time highs to end 2021 from Meta shares. We jump around to Boeing. So, Boeing. Interesting when you look at this thing on a longer-term timeframe, okay? Okay. Boeing gets up to a high and I'm gonna talk about Boeing because, man, the article's out there. Do I still have it pulled up this week? Let me see if I do. Yeah, I do, because it's too tantalizing not to talk about, man. Talked about it this morning. This was out early this morning. Updated this afternoon, it seems. Didn't see the update. But nonetheless, Alaska Airlines, they're thinking the most plausible deal is that it basically just left the Boeing factory without the bolts in place that held the door there, which is why it popped out. Pretty amazing, man. The suppliers of that fuselage, nonetheless, they had showed up with the door and the bolts just fine. Yeah, nonetheless, they're basically just saying that Boeing's not doing their job. Now, longer-term, you have to go back here, right? And this is going back to the original problems with the 737 MAX, okay? Excuse me, this is going back. March of 2019 to the original problems when you sell off. Then we hit COVID, air travel ceases to exist, Boeing, especially drops off in pretty dramatic fashion. Now, what do we just do? All we did was we just challenged the 2021 highs, man. So be careful on Boeing shares. They got some real problems and you actually have it hitting them for the first time to the tune of United CEO talking about literally the United CEO, the biggest carrier in the US that employs the 737 lineup that's on hold that's causing them problems. Strahd broke the camel's back. So I would be careful, even about 204 on this equity has reigned that one this morning. It was pretty amazing. Just left the factory without the bolts they're thinking. And usually they can see if it's wear or tear, right? What it is, so I'm sure the indicators are that the bolts just maybe weren't there and they were there at one point. All right, let's check back in on that gold contract. Take a little bit of a big picture, man. Gold, talk about volatility today, man. Gold up to 2056, you're just catching a pop on whatever's going on at three o'clock. We'll get into that. You have the 10 year continuing and we have all the expectations come and do down the line for Wednesday in terms of the Fed. You take a little bit of a longer term picture. Things really accelerated back into October when you had a lower price, higher yield, that does not seem to be the case right now folks, okay? Those recent numbers that we're getting, PCE, inflation, 2.9% handles, where the Fed is right now, sitting on a level of restrictive policy rate to the 5.25 to 5.5%. I think it's inevitable that this is going to go higher in the longer term. And I think Chairman Powell might have some words to say this Wednesday, man, because if it's not March, it's going to be the meeting after March because they're way too high right now with where they are. And of course the data can change that and that's what they're going to say as well, but you got to go off the data you have right now. You can't go too far long-term, otherwise you could say the data could change anything in that concept. All right, let's see what else we have moving. Netflix shares extending the gains they got last week up by 1.2% yet again today. And they've almost gotten it all back. The Netflix story, the meta story, right? The darlings that got punished and they've almost gotten it all back to the tune of almost quadrupling their shares, both Netflix and meta shares in the span of about a year and a half, which is just remarkable, man. You jump over to NVIDIA. NVIDIA shares up by 2%, just doesn't stop. 622, you have an all-time high out there of 688. Now, we're going to spend some time later in the program, man, but NVIDIA, okay, zoom in on this. Whoops, so you can see the text. NVIDIA in particular, their A to B leg of a potential A to B C to D is so large that you're talking about 800 bucks if this thing completes, man. You had a very small A to B, excuse me, B to C leg. Some of those other ABCs will jump through them. Even the cues, excuse me, which is the NASDAQ 100. You're talking about 19,400. We're only 10% away from that price level, and that would be a complete A to B C to D, and that A to B leg, folks, you're talking about from about 11,000 to 16,000. You're talking about a 5,000 A to B C to D, and we're 10% away. All right, folks, stay tuned. We'll be coming back. We're gonna talk to our man, Steve Rhodes, when we'll come back after the break. Stay tuned, don't go away. 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And to talk about some of this market action, folks, let's jump over to our man, Steve Rhodes. Folks, you can check out Steve's outstanding newsletter. Head to the front page of TFNN. You're gonna see mastering probability right on the front page there. You can click on that. You can subscribe, whether you're talking about the monthly price, 149, the six-month price of 695. You save $199 or 22% the yearly at 11.95. You save $593. Every newsletter, folks, comes with a 30-day money-back guarantee for new subscribers, so I encourage you to check out some of those longer subscriptions if you're thinking about staying on. And Steve Rhodes, great to talk to you, man. Good afternoon. Hey, Tommy, how you doing? I'm doing well. How are you? Good, good. So we got a hot market, but it looks like it's gonna snow in the Tampa area. You know, I was pulling up the weather today where I saw, thankfully, by me, Steve, we're gonna hit about 45 maybe, so I'm not gonna get probably any snow, thankfully, but yeah, I got today, I was this weatherman. And how about the weekend, man? Just amazing weather on Saturday, like 83 degrees, folks, or something amazing. We had gasparilla around Tampa. I didn't make it, Steve, but we had pool day with grandpa, so that was cool, too. Oh, cool, but now yesterday's... It's 83 degrees, man, down here late January. And now we're gonna get some snow. Why not? Yeah, but did it cool off yesterday? It was cool enough for getting kinda cold. It did. It was still nice. Sunny, but cooled off, yeah. Saturday was the day, man. I was watching a little bit of the LPGA tournament because it was just up the street from you, I think. And it looked like they were pretty cold, the girls, and it looked like quite a bit of wind that was out there. As you know, we gotta enjoy some of this cool weather because it gets so hot there, man, pretty quick. Absolutely, absolutely. And what I love this time, there's great sports this weekend, but what are the sports? Now, you're from the North. Are you a skier or snowboarder? You know, I haven't been ages. I was a skier. My dad and I tried snowboarding. It was coming out right as I was down the end of high school when we'd take those trips. We each tried it a couple of times. Man, our butts got from falling on the back. We love skiing. I used to do the races. I forget, I loved it, so go ahead, yeah. Yeah, so I now used to ski too, but I love when the X Games are on. And they hold them all around the place, but the X Games and Aspen were on over the weekend. And there's nothing like seeing a beautiful blue sky and all the snow in the mountains. And it's amazing the balance that those skiers have and the tricks that they do. I'd be dead on the first jump. I would. My back would be breaking in half on the high here, man, but I know. Totally, totally. So talk to me, what do you think? This is quite, every time a minute goes by, we got new highs in this market, Steve. Yeah, yeah, well, it's because of Global Flow of Capital that's coming in here. And we'll talk a little bit about that. But what I thought we could first do is start with this chart here. And this is a chart, this is a 60 year chart of the S&P 500. So it takes us back to 1946. And typically, January closes higher. And then if we take a look at this chart here, if you look at the lower right hand side, it shows you what the typical average price action is for each month. So this suggests that we could be forming a top here because February typically closes lower. So January is definitely, we're gonna definitely generate a higher close versus December in January. I mean, things would really have to fall off the planet in the next couple of days. And we're approaching one of Bud Raul's primary trading range boundary lines at the 49.56. So I heard you, I wasn't watching the markets specifically as we're coming up, but we're pretty close to that right now, I guess. Yeah, we're at 49.50 right now in the S&P futures. So how about that? So what's interesting is prices coming up into what is typically a resistance or it can be a support range out there. Right now, we're climbing up into it. So this 49.56 area, it's gonna be an entry. Now, we don't use it right to the penny, right to the tick, but we're approaching that area as we speak right now. And if we take a look at this presidential cycle, so what I did was I took that 60 year timeframe chart, Tommy and I went ahead and because we are in 2024, it's a presidential cycle year and this patterns can be different. Of course, we have fewer years to look at out here. There's 19 years worth of data in presidential elections since 64. But what we can see here, oddly enough, is that typically right around the end of January, early February, is when the S&P 500 makes its top. And again, this point is back to that February timeframe. If we take a look at the S&P index and the spy and the ESMini, they each have what I refer to as roads with dominicator signals, price moving higher, doing with less relative energy. But in order for those to identify a top, we need to see a bearish reversal candle. So whether you're looking at the spies, the S&P, or the ESMini, folks should be watching for over the course of the next few days, see if we get some type of bearish reversal candle. If we do, likely we're gonna have some type of short-term top. Now the S&P 500, the spy, they're each gonna form bar number eight of a TD9 count top today. 90% of the time when you get to a successful bar number eight, which just move up in this last 20 minutes or so has done that, it's triggered bar number eight. 90% of the time it'll go on and generate a proper bar number nine. So that suggests we could have a top form between today and Wednesday of this week. Now the ESMini is one bar behind that. So it might form a top between tomorrow and Thursday of this week. So between now and Thursday, it's just a cautionary time period for us to be looking for a top. Everything's kind of lining up at least at this stage of the game. Now, if that top unfolds, then price typically moves lower into the middle of March. So we'd be looking for a, and with a rally that then typically would last take us into the September timeframe. If the S&P 500 is going to begin moving lower, this is what I want people to look for, Tommy, is I want them to pay attention to spot politics, put a 50 day exponential moving average on that. That is the bottom portion of the screen out here. The top portion is the S&P 500. The boxes that are in green show you how the S&P 500 trades when the spot politics is below the 50 day. The red areas show how the S&P 500 trades when the spot politics is above that. So it's one signal to be looking for is I've identified that there could be a top forming. You're looking for a confirming signal. And that's one of the confirming signals to be able to look for is that spot politics. Now, we talked about the market perhaps, if we do get this top, the market moving lower into the March timeframe. Well, weekly tops in the S&P 500 typically lead to lower weekly closes for two to four weeks. So this tool that I have on here takes a look at, so the black digits are showing you consecutive higher closes. The red digits, which we're really focused on right now, lower consecutive closes. And so these typically last two to three, to two to four bars out there. So if we take a look at that, that happens to line up with us moving into the March first timeframe. We talked about the potential for a March low. If we do get this January, February high that kicks in. However, and a little caveat here, on a monthly basis, we've been moving higher. This is going to be our third consecutive month higher. And so that also is a dance step where we typically can see some type of pullback. And on a monthly basis, you can see this has gone back now over, this is 11 years. So I've taken this back to 2012 out here. So you can see how consistent those pullbacks are. It's kind of cool really to know that, I mean, I realized this a year ago or six months ago until I started looking at this tool that I developed and applied it to church this way. But when you really look back at it and say, well, that's pretty cool, right? You know, two month pullback is pretty much on average. So this could actually take us into the May timeframe. And if we expand the presidential cycle, and I just don't do the last 60 years, but I go back to 1928, turns out that May is one of the worst performing months during the presidential cycle. And that's also when we get a bottom. So it goes back to that monthly chart. If we do get a top, it's where they're going to make a low in the March timeframe or it's going to be in the May timeframe. So I didn't get through all the slides, but I think everybody kind of gets the gist of right now looking for. That was great stuff. And as you were talking, we got to 49.56 in the future. How about that? How about that? Totally. Steve, great to talk to you, man. I look forward to the program tomorrow, as always. And I'll talk to you soon. Okay, folks, check it out. We'll be right back. Stay tuned. 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This ahead of Fed Wednesday, jobs Friday, tech earnings coming at you as well, but the news hits at three o'clock and so this was what was driving that action. So US Treasury cuts the quarterly borrowing estimate to 760 billion. I think that number was originally 816. Yeah, so the US Treasury, this is three o'clock. Check out the markets. That's when some of this action really started accelerating, right? The big worry has been yields may possibly rise. You got duration risk across the board, et cetera, from a fact that our deficit debt is going to push a deluge of supply that would do what? Over on the market, now I'm exaggerating to get the point out, right? You get a deluge of supply, the Treasury has to keep pumping it out, what does that do? The deluge of supply means that you're gonna have the price go down because they have so much to sell that they have to sell it at cheaper prices, right? If you had a ton of hot dogs to sell, you had to sell a million hot dogs, you might wanna lower the price to get them all out to market. Same thing happens with debt. When you're pushing out a lot of debt, you have to bring down the price. If you have so much debt that people aren't willing to pay up for it, right? And why would you pay up for it? If the Treasury's gonna keep plowing money out to that degree, so you have a deluge of supply, the price will drop, that means the yields are rising, right? By the price dropping, we know yields rise. Well, what does that do? It makes borrowing more expensive. So then what do you gotta do? It creates a vicious cycle because you gotta issue more debt. Well, what happens? You issue more debt, the price goes down, that means yields are rising, that means that debt you're issuing costs you more money. So you're, nonetheless, right? Well, what happens? We get a reversal of that. So what happens? The Treasury says we don't need to borrow as much. We're reducing the amount of federal borrowing for the current quarter, despite the widening in the fiscal deficit, okay? A reduction unexpected by many dealers. This is why you're seeing a little reverberation going on at three o'clock right now. Treasury Department cut their net borrowing estimate for January through March to $760 billion from a previous prediction of $816. Right away, that's $60 billion that isn't gonna be in the market. Debt managers kept their estimate of the Treasury's cash balance through the end of March at $750. Smaller borrowing need was driven by higher projected net fiscal flows, okay? Having more cash on hand at the start of the quarter than expected. Treasury officials speaking with reporters to decline to offer a breakdown on the improvement in fiscal flows relative to previous expectations. So nonetheless, that's what you get, man. Stragists had anticipated the number was actually gonna go up. Yeah, in part due to the fiscal deficit widening in recent months. You're gonna hear a lot about this, okay? Because this has been in the press. This has been driving some of those interest rate concerns at least to a certain degree. You had one co-head of U.S. Rates Strategy at J.P. Morgan, Jay Berry. He was way off. How about 855, Jay? No. They come in at what, $760. He's off by $100 billion, $95 to be fair to Mr. Jay Berry. Nonetheless, so that's where you came from. That wasn't the universal look. Mr. Ira Jersey, they pump their own people. Why not? Chief U.S. Interest Rate Stragist at Bloomberg, he was looking for 700. So on the bottom side. So what happens? They have less supply. And what does that mean? That means the price can rise, yields can drop, and the market can love it all, right? Aside from what's going on with the Fed, if the government doesn't have to borrow as much, that's the fundamentals driving it. And that's why you saw some of that action. So you get a little bit of a reverberation, but the market is loving that for sure. And how cool is that that we hit 49.56 from our man, Steve Roach? Check out Mastering Probability folks right on the front page of TFNN, right on that number. And as Steve put it, it's not an exact number sometimes. I'd say it's an art not a science, right? That's the area, but it pegs 49.56 as we're chatting. And Steve was putting that together. He works hard on some of those presentations and what he's gonna talk about when he comes on with my dad. Well, at three o'clock this thing was trading at 49.30 and he had 49.56 out there and we hit it by the time he was done with his interview at 3.25. Pretty cool. Okay, we jump over to the dollar index. So the action at three o'clock, what does that do? Well, that's weakening the dollar, okay? Because what do we have? We have the treasury borrowing less. What is that doing? That's decreasing the yield that's impacting the dollar because if there's decreased yield, not as many people are gonna want that decreased yield. So there's gonna not going to be the need to procure US dollars to go after that yield. I think it's so cool how all these relationships exist. And once you understand them, it really makes a lot of sense and not a lot of people unfortunately understand them and they drive everything. It's a real bummer in terms of the education, the financial literacy of what's going on. Okay, what else do we have going on? Yeah, this one's interesting to see how this plays out. I love coffee, man. I had a coffee before I came on the air. I'm on a little bit of a latte kick. I got a latte kick going on. I'm making espresso with my Nespresso Virtuoso. Is that the machine? Great machine, got it from my dad for my birthday like three or four years ago, love it. And then I got a little bit of milk, but nonetheless, I wonder if olive oil is gonna be the deal. They're trying to make it. I often joke because I love cold brew coffee as well. And Starbucks somehow figured out, first they got the latte kick. So they figured out how to get people who drink coffee every day to convince them that somehow it makes sense to pay $5 or $6 for that coffee beverage when they really couldn't do that if they were just pushing out coffees. So they push people into all these, listen, I love them, okay, it's a great business. And they're gonna do it again with olive oil, man. Olive oil infused oleato drinks. Is that how you pronounce it, man? They're launching them in the US stores beginning Tuesday. They previously debuted in select stores across the country and initially met with negative views, but they're pushing it out. So your coffee's gonna have some olive oil in there. I don't know, I'm a fan of olive oil. I use it with a ton of stuff, man. Starbucks up by 1.2% with the market right now, but they have been having a tough one. You back it up to a three-year weekly. And yeah, just chopping around at about the 50%. You trade lower beginning of 2022 with the market. You trade up and get almost it all back. And just like that, we're chopping around at 93.90 for Starbucks. Okay, let's jump around with some of the equities that are coming out with their numbers, man. You take a look at some of these projections, folks, all right? Whoops, we jump over to Google shares. Let me reset that. Now what's cool is if you go through some of these A to B, C to Ds, folks, we're so close. We're with about 10% of many of the equities completing their A to B, C to Ds, which would probably drive the cues to complete that A to B, C to D of 19,400. And then what happens there though? That's what I'm wondering, man. And how about, you know, I was thinking about this talking to Steven again. How about the weekly? That there were no notations for two continuous red bars all the way from October because there weren't two continuous red bars. We got one red bar. So at some point you're gonna get a pullback, man. We got one weekly red bar from October 30, 23rd, and we're coming into February, folks. Remember that when you just start thinking about the optimism when we start getting, you know, rate cuts. This market has traded up with one red bar on a weekly basis since October and we're coming into February. Remember that as you get optimistic that cuts are coming down the line because this has a lot to do with what's happened in that area. Pretty remarkable. So back to SMPs, okay? You're talking about an A to B, C to D. You can do these on your charts, folks, all right? And there's simple numbers in terms of for the A to B, C to D on the SMPs. So we're gonna look at this and we're gonna talk about the tech stocks when we come back after the break, folks, okay? But check it out because they all line up. SMPs, you're only talking about about 200 points. It was 200 earlier today, now it's 175. That is a full completion and I took the low being where this thing chopped around for four weeks of 3,600. You could cherry pick the low of 3,500 for your A to B, C to D. 3,600 gives you a 1,000 point A to B leg. You take the low, which was back in October of 4136 and you're talking about about 5,130 and change and you're at 4,950. We'll take a look at these A to B, C to Ds, folks. Take a look at the tech companies. We got a big week of earnings. We'll be 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 today with a 30-day money-back guarantee so you have nothing to risk. 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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 for just $1 for the year. There's no cash 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. We have the S&P up by 33 points right now. We're backing off a bit from that acceleration. Up to 49.56, all-time highs right now in the S&P. You get the NASDAQ 100 up by 164. That's an all-time high print on the Dow, isn't it, as well? That's an all-time high print in the Dow as well. 38,441. Pretty amazing we got such round numbers coming up, right? 5,020,040,000, S&P, NASDAQ 100, and Dow. Russell's got to get back to 2,500 just to kind of be back at the all-time highs. Okay, so we have the biggest companies in the world coming up with their numbers this week. And check out this statistic out here from Yahoo Finance. Six companies expected to leave the S&P 500 in earnings. If you just take Apple, Amazon, Google, Meta, Microsoft in the video, okay? Have we already had in the video? Or are they out next week? I'll pull them up. Don't think they're out this week. We get AMD out this week. Let me pull up the tiger's den. But check it out. This, excuse me, this is talking about earnings growth year over year for the fourth quarter, which is what these companies are reporting right now. Those six companies in the S&P 500 together represent 53.7% growth in earnings fiscal year from last year, fourth quarter, this year, fourth quarter. The other 494 S&P 500 companies combined for earnings growth of negative 10.5%. So yes, expectations are high for these tech companies to deliver. That's called putting it lightly, right? You talk about it, man. That's amazing. 53.7% earnings growth. Yeah, S&P earnings growth year over year, 53.7%. Man, remarkable. Okay, so jumping around to some of these tech companies. Give me one second while I jump around to you. Just head. Okay, here we go. Now, for what day we're coming. Okay, Tuesday, we get AMD. Let's go to AMD. I don't think I have the A to B. Yes, I do. Yeah, they completed it as well. Look at this thing. All right, we put these on a weekly and I zoom in on the action from when this market bottomed out. Late 2000, yeah, 22. A point of AMD, about 60. We go to our B point up here, about 132. Your D point just got completed on AMD shares. Okay, they're out with their numbers after the bell on Tuesday. We also get Google on Tuesday as well. Google and Microsoft. So AMD, Google, Microsoft on Tuesday. You take a look at Google. 170 is the projection here. What's so remarkable is we could get it this week, right? This is a 10% pop. Well, we've seen Netflix, et cetera, companies, even of this size, they can pop when you really get a move of this tune. A point back in February. Your B point up there in the highs before you pulled back on October. The cool thing about that one on Google shares, that brings you right back to the 382. And look at this thing, man, right? And where have we run? Then we've run top side from that October 23rd low, which was the 382 pullback of your acceleration off the lows. Your A to B, C to D brings you to about 170 for Google shares. We jump over to Microsoft. Microsoft does the same exact thing. They go A point, they go B point, they pull right back to the 382. Little bit of a different timeframe. That low made in September. You accelerate Microsoft A to B, C to D potentially brings you to about 457. Okay. Now, we jumped to Wednesday. Yeah, Wednesday is not a big one. We're gonna have Fed Day on Wednesday, but we don't have an earnings day. We do get companies. We get Boeing out with their numbers. Just jumping around. This is not the tech world. They get some real problems as we talked about there. Master cards, a different story, man. Credit card business. They are on fire along with American Express. Now, let's just jump. We do get Qualcomm on Wednesday, okay? But let's jump right into Thursday's action. What do we get? We get Apple shares. Now, Apple, what's interesting here is they haven't broke the B point, okay? Apple have the same A point to B point. You get your C point pullback, but be careful here, man. Apple's been very weak compared to the other tech companies since you've been chopping around near this, what? Almost 200, 199.62, but you see it versus the other equities, right? The other equities did an A to B leg, and if Apple was close to finishing that A to B leg, you're talking about almost 70 points, which brings you to 240. So if Apple was just on par with Microsoft, Google, this thing would be trading at 220, something like that. Not even close. So Apple's been underperforming. Be careful there. Meta doesn't apply. Meta's its own animal. There's no pullback there, okay? You can't do an A to B C to D leg on this type of a chart. 88 bucks up to 401, nonetheless, that thing trades higher. Pretty dramatic fashion there. So you see how these equities, and then we jump to the indices, okay? As we wrap this up, you jump to the Qs, you have an A to B leg, exact same timeframe, okay? Your A point, 11,000. Your B point, 16,000. Come back down to almost 14,014 and change. So your D point would be 19 and change. If you get the type of moves that are within the equities for the A to B C to Ds, they're gonna line up exactly with the NASDAQ 100, and it makes sense, because they're driving it. It's the same exact story with what we're talking about the graphic I just showed you previous where there are all the earnings growth. So pay attention to these equities. That's the point, man. All right, and maybe we do have that one more slide up. But the other side of that is, I think we're gonna get that one more push up, and then I think things are gonna be a little bit difficult at those price levels. I think we're gonna hit the nice 5,000. We're only 1% away from 5,000 in the S&Ps. I mean, Basil Chapman loves those round numbers, the market. He loves them because the market loves them, right? It makes sense. Dow, up 170, we're right near 40,000. Those are the two big ones, right? NASDAQ 100, not as much of an industry that most followed, but you're talking about a Dow that makes headlines for some reason, okay, on the nightly news, and you're talking about an S&P nearing a nice 5,000, and both of them would complete your ABCDDs, you'd complete them in the equities, and then you'd at least have some chopping around or whatever it is from that time point. Where does the Russell go from here? You're up by 1.5%. You want some volatility, check out that Russell. Yeah, let's check out the yields as we continue to chop around right now, taking in that news from the Treasury. We're going back up. Higher price, lower yield, the 10 year right now up by 20 ticks, we keep our eye on the dollar. All right, well, it seemed to stem those losses a bit. We're at 103.46, basically where we were, almost at about 7.45 a.m. this morning of the dollar. You jump over to that gold contract, gold, up by 14 bucks at 2,050. Great time to check out the gold report, folks. 2,050 in that gold contract, you put it on a daily. You accelerate up to 2,152. Can't believe that was December. Do you remember that high? I remember that high, man. That high was made after hours, and I remember my dad saying, yeah, you know, I wake up golds through the roof to 2,152, but it's already given up because it was overnight, and to his credit, my dad was saying, no, it's never good when it does it overnight. You want to do it when, you know, market participants are playing, right? You want to do it when the market hours are open. You don't want some light volume high, and guess what? Yeah, they traded from 2,152 down to 2,000, but great time to check out the gold report, folks. New issues on Monday, and the S&Ps holding pretty steady. Right now, up 31 points at 49, 47. Friday, we get non-farm payrolls, folks. We're going to talk a little bit about that when we get back. We got non-farm payrolls, and I guess we can almost fit in right now. You're looking at a number of 175,000 as expected. 216 was the prior. Unemployment rate, they're looking for a slight rise, 3.8% versus 3.7, average hourly earnings. They're going to be watching that one dramatically as well. You're looking for a rise of 0.3% expected. The prior number was 0.4, okay? So these are the numbers you got to lock in, man. We'll see where they go. That, of course, on Friday, though, after Fed Wednesday. So Chairman Powell, he'll be speaking on Wednesday, and then we'll get those job numbers on Friday. A lot of action this week. We got one more segment, folks. Don't go away. We'll take a look at some other equities that are moving right now. Still time for a call. If you want to call in 877-927-6648, stay tuned, folks, I'll be right back. Are you ready to take your trading to the next level? 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Go to tfnn.com and hit Watch Tiger TV. That's tfnn.com and hit Watch Tiger TV. Welcome back, folks. You're gonna have the S&P closing at all-time highs. You're gonna have the Dow Jones industrial average closing at all-time highs. That'll be hitting the nightly news, as it always does. And this ahead of Fed Wednesday, folks, and you jump over. So if you're not in the Tiger's Den, folks, head on over to the front page of tfnn. If you're watching us on YouTube, we love it. Subscribe to our page on YouTube, folks. Make sure you get notifications whenever we go live as well. You can check out all the video archives we do there. But come on over to the Tiger's Den, folks. I just watched, posted a link to the FedWatch tool from the CME and check this out. I mean, this is where we're talking about right now. So this is the meeting date we're talking about. You have the meeting coming up right now. They actually price in a, what, a 2.1% probability. Yeah, about a 2% probability. It's not gonna happen, folks, okay? That they would actually be cutting at this meeting. The numbers, when they really start to get real, though, it's about a 48% chance. The market's pricing in a March cut. You're talking about in May, you're up to 89%. By June, you're at 100%. The only question, when you're at June, is whether they've already cut twice or even three times as you go down the line here. Okay, we're going left. So you can see pretty cool. Right now, okay, we're at five and a quarter of 5.5%. At the January meeting, 98% chance we stay where we are, 2% chance we go down. March meeting, 52% chance we stay where we are, 46% chance we go down. By the time you get to May, there's only an 11% chance we're staying where we are. And there's actually a 36% chance that by May, we're down twice. Yeah, I had to stop myself, right? And by the time you get to June, it's saying three times. By the time you get to July, you could be down four times with a 32% chance. So you can see, check it out in the Tiger's Den, folks. We get to find out on Wednesday, man. That's the coolest part. And what do we get? Then we get tech earnings on Tuesday. We get them on Thursday. Remember the type of growth that they're looking, folks. Four folks. And we're gonna finish this up with your weekly acceleration. Because remember, we got one weekly red bar going back to the late October. So no matter what they're cutting, folks, remember these types of accelerations. At some point, you gotta get a pullback, man. But this market, strong like bull. Folks, thanks for tuning in. Stay tuned. I'll come back for the update. I'll see you in part nine of the morning. Thanks so much, folks. Have a great night. See you tomorrow.