 Welcome folks, this is Tom O'Brien at TFNN. We have five days a week, we go seven hours a day, we go 24 hours a day on the internet at TFNN.com. Always remember folks, whatever you think about, you bring about whatever. You focus on growth, so everyone's having a great day, safe day, it's making a great week folks. Let's say it's making a great month, you're gonna love it. June 1st, here we go. Don't make assumptions, ask for what you want. This is a great card, man. Find the courage to ask for what you want. Others have the right to tell you yes and no, but you always have the right to ask. Likewise, everyone has the right to ask you for what they want, and you have the right to say yes or no. Market wise, let's take a look at it out here. We have the Dow, and that's just down 102. Nasdaq's off 28, S&P's off 15 and a half. Gold contract up $3.50, traded 18.51 an ounce. Get silver up 24 cents, $21.93 an ounce. Light sweet crude up 63 cents, $115.30 a barrel. Notes and bonds, they continue to move lower in price, higher in yield folks. You get the 10-year right now, trading down 27.6 at 118.19, the 30-year off almost the full point at 138.16, 10 years yielding 2.935. The high thus far has been 3.126. King dollar, King dollars get a bounce going out here today. Up 750 ticks, trading 102.504, Euro 106, yen 130.14, and the British pound is at 124 to one US dollar. iPhone numbers 877, 9276648, give us a call folks. One note's going on in your world, and the world of the S&Ps, let's take a look at them. What do you have? You got another sideways market out here folks. You got window dressing happening, bottom line is, you know, we'll see where this wants to go. My take is that we're building cars for lower price. Now let me show you, we had rebalancing yesterday folks, and what you'll see out here is that you did get an acceleration of volume. See that 2.3 billion inside the NYSE, bottom line, then we go over and we take a look at the NASDAQ composite and the composite gets 6 billion. Okay, so now let's go back to the Dow Industrial for a second and just take a look at this, because this always gets a little bit tricky when you actually get that much volume. And so, this is a tough one man, because the bottom line is that what we actually did, you know, we actually went higher than the day before and we had higher volume. So that had to be tested. Now the sad part is that had it got tested out here today, it would have been better if the thing could have just blow forward. My point goes like this, when we talk about bullish or bearish, that was actually a bullish occurrence, you know, so we'll see where this shakes out. My take is that we're building cause, you know, to basically, you know, lower price, but that was a bullish occurrence. What I've found is this, it doesn't matter, well hey, let's go to the NASDAQ composite too. So we take a look at the composite, you're gonna see the composite also got to higher price, okay, so we had volume. And I've found that even in rebalancing, that if you can get higher volume, then you have a shot to do something. Now the problem today is that it's getting higher and it's gonna close lower, so that bottom line is saying it's building cause once again. And I'm bringing this all the way back to any folks that were around in whether it's 1999, 2000, when these companies one by one start going south, meaning WorldCom and JDSU and all these other companies, you could really find out a lot about rebalancing and where the volume went. And in those particular cases, the volume came out and those rebalances days, they went down. So it's like, okay man, here you go, you're gonna go lower. Gold, gold contract out here today with gold did, that gold rejected lower price out here. We got down to 1830, traded in 1851, and we'll see whether gold can do a small ABC structure up, you know, right now the last swing point is 1875. You know, we hit 1830, this wouldn't be a bad one. This would be, let's see. Yeah, it's almost 85 bucks, which would get you somewhere up to about the 1910. Yeah, that would make sense, because the next swing point is 1917. And that would be the place, so what happened with gold folks in that market is that the real resistance is gonna be trying to get back in the higher zone. Getting it back in the higher zone of gold is that price point of 1920. Now let's go to platinum. Platinum bottom line has a bit underneath it. And it's like, I was trying to find it like, okay man, they're buying it, that's the bottom line. You take a look at platinum out here, you got some, this is wide price spread, accelerated volume. This is saying platinum is at 966 right now. You just took out the swings, the swings were at 993. Good setup, man. This is saying that platinum's gonna stop making its way back up to the 1190 area. Kingdala, now, this is a little problem child once again, you got good old Kingdala. That's up 751 ticks today. Now that is a nice move. We'll see whether it's gonna be a counter trend move, but right now it's a decent move. This Kingdala could get up somewhere about 103, 226. Now let me just bring this back. I gotta bring this back on a much further basis. So if we put this on a monthly, okay, so the number to keep your eye on actually is, I see, okay, 103, 103, 820 is the number. Because that was the breakout area, that's where it failed. So that's gonna be the number, 103, 820. We gotta take a look at the note and bond market. We pull up the note, the 10-year note first. What you're gonna see with the 10-year note, you're down 27 ticks. This has volume behind the move. You got 1.5 million contracts. This very well could be a very large ABC structure on the way down, folks. That's how this thing is shaking out right now. Your B point on this is gonna be the low that was generated out here at 116, 21. And keep in mind, Tommy was talking about this this morning. June 1st, we are at the basis of where the Fed is going to basically roll off the bonds as well as mortgage-backed security. Now the roll-off, what the roll-off specifically means is that they're just not gonna replace what the roll-off is. And the news out here is not like an everyday event. It starts today, but yet the first roll-off doesn't take place till June 15th. And what that roll-off means is that those bonds expire June 15th and they won't use that additional 15 billion in order to buy more bonds. So what that does specifically is do what? There's gonna be less demand and there's gonna be a supply. Not necessarily more supply, because what it has happened is this. Now this is gonna be the wild card in this. Is that the amount of deficit that we are actually in has been going down because the stock market has gone so far up and asset prices gone so far up that there was a huge amount of money going into the treasury. So this is gonna get really intriguing as to what the supply actually is versus the demand. Stay right there, folks, come right back. We have the Dow Industries at down 49, Nasdaq's up two, SAP's down seven, come right back.