 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. Hey, Robert, how you doing, man? Yeah, good. Thank you for taking my call. I wanted to let you know that I've been a subscriber for a couple years, just different members of your team. And I really enjoy it, but really the reason I'm calling is to express my sincerest gratitude for you providing that information yesterday on a small business grant. I'm a small business owner, primary bedbreak winner for my family, and if I can get that money, it's going to really lead a lot to my family. So, thank you for taking the time to do that. No, listen, man, we appreciate you growling and prowling with us. Now, Tom O'Brien. Folks, this is Tom O'Brien of 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 grows. Hope everyone's having a great day. Safe day. It's a TGIF, folks. It's a long weekend. Happy Memorial Day out there. Let's make it a great one, folks. Always do your best. Take action on your ideas. This is a dynamite card, folks. Doing your best means to take action on your ideas. You're going to have many great ideas in your head, but without action upon that idea. There'll be no manifestation, no results, and no reward. Market-wise, let's take a look at it out here. We have the Dow Industrial Trade in up 360. We have Nasdaq up 289. S&P's up 58. Gold. Gold contract up $1.90 traded in 1964 and ounce. We have Silver up 50 cents. $23.41 announced. Late sweet crude up 95 cents. $72.78 a barrel, notes and bonds. A 10-year note. Down 4 ticks trade in 112.16, the 30-year. Up 11 at 125.28, and King dollar. King dollar trading down 53 ticks. 104.198. The year is at 107. The end is at 140. And the British pound is at 124.01 US dollar. Our phone number is 877-927-6648. Give us a call, folks. Want to know what's going on in your world. In the world of the S&P's, let's take a look at them. So, you got a higher market today inside the S&P. You have a contraction of volume. You're going after the highs. You know, I believe we just took it out. The high that we're talking about here, let's see. So, we hit 4266. It's 4, yeah, we just did. And it's 42072. Well, we haven't taken it out. It's 42072. That baby there has 100 million shares. We're going to do about 65, 70 maybe. But the bottom line is that holiday, they're going to run into the close. That being said, I want to show you this for Tuesday. Because I suspect we're going to pull back just down. It's not a big pullback, but I want to show you this here. I don't think this is going to happen today. I mean, unless they walk out of this debt seal and say, hey, we have nothing happening. See this right here? That's the last time that we had anything happening on the upside. And so it's been running since 4187. So you got what? You got 33 points higher with no juice. And then you actually did, when you pulled back just a bit, you got a little expansion of volume on the way down. But the holiday weekend bottom line, folks, is that Memorial Day, Fourth of July, Market State, they love to run. We go into the NDX100. And this one, you know, this is pretty amazing how the cues have actually run. Because it seemed two days ago that that swing point that we were saying that it wants to go after was a long way away. Well, at two days up the cues just went up 18 points, and it's only 23 more points up to that swing point. And if you take a look at this, you know, we took out the swing. You took it out with volume. So this is game. That's game up at that 371. And right now you're at 349. Gold. We go go to the gold contract. We take a look at the gold contract. The gold contract is a confirmed ABC structure on the way down in 1903. You know, there's just, you know, it's up $1.40 today, but the bottom line is that in 1903, folks, is down where it came off the lows the last time. Because you can't remember what happens is that we're in a different contract right now. We're trading the August contract. So that's where you did have strength coming off the bottom. I expect we're going to get down there. If we go to the XAU and the HUI, you've got to take a look at the last time that there we go. You're going to see the numbers that we were looking at, you know, the XAU first off blew by the top of it. And you can see that was the last big day with volume. So the top of that and the XAU is 128. The bottom is 116. So we're going after 116 now. That's how this thing is shaking out. And in fact, one second, let me look. So that's 25. No, that's good. It's not an ABC down either. Because when we did break 22 million versus 19. Okay, so when we broke on Tuesday, you know, we had the wide price spread, but it didn't break on volume. So the next move would be down to the lower end of that. We go to the Gold Bugs Index. That was a little bit stronger. We take a look at the Gold Bugs Index. Get that volume in there. Same setup. Yeah, it's into it. It's into it. And let me just check this first. So 17 million versus 12. Good. The same deal. So that's not an ABC down either. But with the HUI, I forget, I suspect the HUI were 239. The top of that bar was 244. The bottom of that bar is 229. So 229 is game. We go to the GDX and we take a look at the GDX out here. GDX broke. Yeah, they didn't break with volume either. But the bottom of that bar, same bar. You can see how these high volume bars, folks, you know, they can really give us some guidance. And on the GDX, the bottom of that bar that we're talking about, already eight into the top of it, the bottom is 2976. And I expect we're going to get there. Now, what's cool is that you can see as you're coming down there, it's contracting. And that's exactly what you want to see. You come down, you contract. And then what you want to see is a rejection of lower price. We go take a look at the 10-year out here. And the Notenbaum market, folks, is getting pretty tricky right now. Because it looked like, to me, that it was going to bounce. And what ended up happening yesterday, was it yesterday? So it was actually, we broke. We broke with volume in. So it's like, okay, you're going to try to get into this 111.20 area. Right now you're at 112.05. And then if we get over to Kingdala, Kingdala still wants higher price. So this is going to get intriguing to watch how this works. What Kingdala did do out here today, it rejected lower price, but it didn't go anywhere. It rejected 103.848. Right now you're 104.199. Stay right there, folks. Come right back. We have the Dow. Dow Industries right now trading up 3.45. Now it's like up 2.96. S&P's up 58. We're going to come right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, Forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more, and he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report, also gain instant access to Teddy's 60-minute Webinar Archive, he just hosted Forex Strategies and Fundamentals What is Behind the Tiger Forex report. For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. 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 market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today, and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN Educating Investors. Get Tom O'Brien's newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. 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. Toll Free at 1-877-927-6648 internationally at 727-873-7618 Welcome back, folks, to the Dow. The Dow industry is trading up by $359. As of $299, SAPs are up $60. Let's go take a look at Mar-Bell out here. Mar-Bell is testing its lows. So the low for the year is $14. The high is $21. It's trading $15.43. At this level, it pays a dividend of 7.19%. Put this against... Yeah, so you're going against the lows, and you do have a contraction of volume. So what you need now is a rejection of lower price. So last time we were down here, Mar-Bell got to $14.46, had 1.1 billion shares, almost 1.2, and right now you're only at $700 million. So that's what you want to see. Now you need a rejection of lower price. We're still laying right there. And then if we go to them, the question was then we got to go to Amazon, AMZN, and with the question was Amazon, I believe we had a large ABC structure on the way down, and the tiger wants to know how... what is the setup and correlation of that? Let me just look at this for a second. Okay, so I remember that's... there's a break. I remember the break. Is that the break? Not quite sure. Maybe it's on a weekly. One second, let me put this on a weekly. I think it was a monthly. Well, right now on a weekly, you're coming into there's some flak on Amazon at the $1.21 area. Well, right where we are, $1.22. You can see this. We had volume there of $528 million, and you're coming into that with $343. And then let's go to... Now, this is really intriguing too. This is one of the targets. What about the aspect of the Nikkei? Look at this, folks, okay? You talk about, you know, we're going to be... You know what's so intriguing about this? We've been hearing more and more about Japan, and when you look at this chart, I can see why you're hearing more and more about Japan. So watch this. I'm going to put a 50-year quarterly chart up, and this is wild. So the all-time high in Japan is $38,000. Well, Japan's at $30,000. $30,000, folks, okay? From $6,700. Oh, from $7,000. $7,000 in 2008. This is quite a move. And, you know, it's wild. What year was this? This was... Yeah, because what happened is that Tommy actually went to... You know, they do those... You go to different schools. Tommy took Japanese for six years, and then went to school over there for three or four weeks, and he stayed with a family. And I think it was right around that time, actually, because everything was booming. That's the real bottom line. So the tiger wants to look at the Toyota, the TM. And now this is the ADR and the U.S. The low is $130, the high is $170. I like the setup, because what you have here is this. Watch, if I put this on the weekly, it looks to me, you're going to see this right there. Line this up. The last time we had volume on the way down happens to be $160. Is it $160? Man, I got $155. $155 right there. So you have... And you can see a couple months ago, there's this monthly... This is a weekly. You went up with volume. You pull back with light volume. I suspect that's where this thing wants to run up to. That's how that seems to be set up right now. So... And the next time Toyota, they probably only come up with numbers twice a year. Let's see what they do. August 4th. August 4th. They're looking to do... They're still growing by 2.5% a year. This is probably in yen, but 38 trillion yen. Trillion. You better be good math over there if you start talking yen, folks. Okay, no doubt about that. Let's go inside the NDX100, because it was Marvell technology that's putting the juice inside the NDX today. Yesterday you had NVIDIA. Today Marvell. Look at this. Marvell is up 31%. Pendouardu is up 18%. Broadcom's up 11%. Workday's up 9%. Taken away from it, O'Reilly Auto Motor's down 1%. That's about it. We go to Marvell. Take a look at Marvell. This is a 52-week high. Blowout scene again. Let's just see on the aspect of where this has been. Oh, I see this has been a dog. This is a little bit different than... Well, now NVIDIA took a big hit too. Now the all-time high in Marvell is 98%. It's still only at 65%. But what a month Marvell had. Now there's a break of a downtrend. There's no doubt about that. So what you do want to do is that on any type of pullback, you want to be looking at Marvell in a monster way. Because that is a side of straight. Side of straight, there's wide-priced, spread-accelerated volume. And that's about as good as you can get. And one month it just took back... It took back about a year. They can go just like that. Some of the other higher volume equities that we have... Well, let's go see first. Let's suspect... So in the NYSE, it's going to be low. We have 436, which makes sense. And the composite, you're at 3.5. That's going to be low too. That totally makes sense though, going into a holiday weekend. We go into the higher volume equities here, SPX. Okay, you get Tesla up $11. You get Nvidia up another $10. You have Microsoft up $6.9. Facebook's up $8.9. There's big numbers out here, man. We go to Metta. Take a look at Metta. This has been a one-way moonshot. Now, this is coming right into some heavy flak here, for sure. I mean, this is where it got destroyed on the way down. And you're approaching... You're just approaching at .618. Hey, we'll see where this thing goes, man. When tech flies, though, you get its flies. Hey, don't forget, folks, okay? I'm Emma, Mr. Tim Ord. Come over to our website at TFNN. If you listened to the show yesterday, you can see the type of different indicators that Tim uses to look for market turns. He's going to be doing a workshop for all the targets and targets that's coming up on June 8th and 15th. All the information is on the front page of TFNN. And if you didn't catch the show yesterday, I'd encourage you to catch that show yesterday, folks, because, well, first off, I had my grandson on Tommy at the first segment. And then Tim was on for the whole full show. So you can kind of see... No, you can see the different indicators they actually use and how you can use them in order to basically get a better understanding of how this market moves. Stay right there, folks. Come right back. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven in hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. Training 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. 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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 tigers 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. Welcome back, folks. Let's take a look at what I was doing that the question is, is that the larger ABC structure that we're talking about on the way down, okay, so let's bring this up because it is still here, but I want to show you something. It's like, okay, okay, so if you take a look at this on the monthly basis, what we had here is that you had confirmed ABC structure down and your price projection was 313 and we hit 348. So what happens here is this, is that your B, your C point is all the way up here to, you know, four, we're right at it, 421? No, my God, 431. You know, so it's, you know, at this particular point, you're just going to be really careful. I suspect that's where we'll go in number one, up at that swing point, but you can see we did take that out, hit 413, it's like, okay, you know, your 20 points away from it, you know, it's a tough call at this particular point to say, are you still in it? Meaning it's turning into a complex one, that's for sure, if that's what's going on. You know, like right here, when I look at this right here, the S&P is still having a hard time holding this whole area, you know, so if we take a look at this, you're going to see that, you know, we've been consolidating for quite some time, we haven't got in the larger range, you know, so when I look at this, it's like, okay, no, this bottom still wants to be hit, you know, not the very bottom, like right now, if I just look at this, where we are, eight weeks ago, to me still wants to be hit, see that just sticking out so heavily, see that, that low is sticking out so heavily, you know, we'll see, but I suspect first, first this upper level is going to get hit, and that upper level is still 10 points away, and that's going to be all about the MDX100, you know, you've heard me say it a million times, man, the MDX100 takes you up and takes you down, and it never ends, you know the thing that's amazing is that chips, there's no doubt chips turn into a commodity, and they are a commodity, but chips are the same deal, man, once the chip starts running, it just keeps you running. If we go over to NVIDIA, what's going to be interesting about NVIDIA now is this the end of a run for another six months, eight months or whatever, because when you do look at it, this did more than a one to two ABC structure on the way up, and when you do something like that, it's an immediate change of trend, and I mean immediate, you know, when I say immediate, like, you know, within a week, week and a half, whatever. Now, look at that bar, though. Oh, my God. That bar is something else, let's see. And that bar, a billion, yeah, that bar is going to be taken out with volume. It's going to be taken out with volume, so that is something else. There's no doubt about it, and those numbers were something else, too. I mean, the numbers that they came out with, they did seven billion, and you see the jump here? This jump here is something else, man. Seven billion, and it's going forward 11 billion, 11 billion, 12 billion. Now, check this out. This is like over the top. This company was taken in 11 billion dollars a year five years ago. Now it's taken in 11 billion dollars every three months. And they're saying that they're still going to grow by 22% a year. Yeah. That is something else, man. That's the state of where those chips are, and the chips are driving it. There's no doubt about that. Let's go over and take a look at Google. No, Microsoft. And when we talk about the tools, they always say that, forget Goldmine and sell the tools. Man, Mr. Dave White used to say that a lot. And in NVIDIA's case, guess what? They are the tools for everyone into AI, everyone into gaming, everyone into Bitcoin. So, Bitcoin's not going away. Game is not going away. And AI is just starting. So, it's a trade. It's a play big time. Microsoft out here. Yeah, Microsoft is a Hollywood volume. It looks like this. We're at 332. Yeah, this is an ABC app, right? Yeah. That highest game. That highest game on Microsoft. Let's go into the oil market and take a look at oil. Oil is having a hard time getting any traction going here. Yeah, it's 7288. Yeah, you still have to lower into this consolidation. Let's go to Exxon Mobile first. You kind of feel bad about the oil companies. They've made billions, that's for sure. Yeah, this is Exxon, Chevron, XLE. They want the bottom of the range. The bottom range there is that 98 area. We go to the XLF. Let's see where these banks are going. There's no action there either. Yeah, and let's go to Apple. All the action folks really isn't in the text, but there's enough of them. I mean, that's the bottom line. Let me go to Apple first. Look at that. Apple is approaching its highs. The contraction is happening on Apple though. It doesn't mean that it won't get acceleration on the way up, because what we had yesterday, it was interesting. If you looked at the NASDAQ yesterday, you say, okay, how many more days can you get something up 30%? Well, guess what? The next day, you had Marvell go up 30%. That's the juice that you're seeing inside these MQs. And that, like, NVIDIA had been on a run. Marvell had not been on a run. But bottom line is that that's what's putting monster juice inside of the NQs today. There's no doubt about it. And there's a lot of other chip stocks in there that... I want to see what Marvell had to say here. Oh, well, there we go. Marvell technology soared 24%. It's up 30%. Projected AI revenue for 2024 is going to double from a year ago. The company also reported first quarter just the earnings per share that beat and provided second quarter guidance analysts had a positive return. Marvell surged. The AI has emerged as a key growth driver from Marvell. We are enabling... which we are enabling with our leading network connectivity products and emerging cloud optimization silicone platform. AI's the deal, man. It's here. It's here for good. Stay right there, folks. Come right back. 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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, Four Side Fund Services, LLC. For just $1 for the year, there's no catch 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. So you got the debt limit talks and I would say that looking at the calendar folks, I guess the June 1st deal date wasn't really a June 1st date because bottom line is that we're talking about the 25th of May right now and no one's too concerned about the debt talks. The releases that are coming out, we know that all the congressmen are home. The releases that are coming out, I thought we made progress yesterday. I want to make progress again today. Let's say negotiations for House Speaker McCarthy and President Biden are in regular communication throughout the day, Friday. That's all it says. It doesn't even say that they're going to be in... Let me get this. There is forward progress but each time the forward progress, the issues that remain become more difficult, more challenging, McHenry said he's the main negotiator for McCarthy. So that is step by step, small step by small step. At some point this thing can come together or go the other way. Yeah, I mean it's going to come together. We'll see how it goes over the weekend. I suspect really what's going on is that the June 1st date isn't of June 1st date. It's going to be like June 15th or something. We're going to be dealing with this for another two or three weeks. Another two weeks. That's where it looks to me. Let's go take a look at a few of the other... No, S-O-X-X. Yeah, I want to look at this for a second. So this is the S-O-X-X. This is just the one by one semiconductor. But look at this run. The low for the S-287, the highs 492. I'm going to look at the doubles and triples on this. Look at this. In two days and three days this equity went from 426 to 489. That is something else. Look at that though. It's all relative, I guess, because when you look at it, it's way off its highs too. Damn. But you want to see something crazy. This is volume off the high and has volume at a high. You don't see that often. Volume off the high is a deep retracement, which you got. Volume at the high, you're going to be back to the high. So there's still runway room out there. And of course, you got Amazon. What's going to happen, let's just see Amazon for a second. I want to see the multi-cloud revenue, because what happens here, so picture what happens, folks, is that you have the first, so you have the chip makers, right? Then you have the software makers that are going to be making the AI for the chips. Then you have the cloud that's going to hold everything. So they do break these out. So Amazon right now, that breaks it out. They do 80 billion a year. Well, you can expect the next quarter, probably, that number's going to... Well, right now, they're growing that by 10% a year. But I expect that's going to go up astronomically. As is, let's go to Microsoft and see if Microsoft breaks it out also. Because that's the next move. Because the amount of power and cloud it takes is pretty intense. Yeah, so Microsoft's at 73 billion in the cloud. They're growing it toward 8%. No, 8% that is. That's going to go exponential too. Yeah. The amazing part about the cloud, folks, is that that's how everything started. Depending on how long you've been out there, the big data general computers, the Wang computers, all of those, I remember it so well because I was using a data general computer inside a room and the computer itself was like six feet rail to rail. The room was freezing. In this particular room here, it was only like four feet by four feet. Now that ran my office, but at night, the bottom line, I'd go right off the thing. And I suspect, by the way, that big computer, our phones are more powerful than that computer. Yeah, that's how crazy it is. That's pretty amazing. Let's go take a look at the JPMorgan. Let's see what JPMorgan's up to because that's the biggest bang for sure. Let's hang in there, but it looks like the spreads that the banking, if we look at the beginning of the year, what we had is that normally folks what ends up happening is that if interest rates go higher, normally banks can make a lot of money. Now the difference in this time is that we went exponentially higher and simultaneously the banks start getting a huge amount of competition. And so they haven't been able to work on the spreads. That's how this is shaken out. Now we're already at five to five and a quarter. The next meeting is on June 14th. So a real kicker is, are you going to get a next quarter point? Well, the numbers that came out this morning, let's just take a look at these for a second. So we had, okay, personal consumption, the personal consumption, that's the PCE. Now the PCE is what the Fed looks at all the time. That came in, you know, faster than, you know, in higher than the Fed is looking for. It came in at four-tenths of one percent in April. You know, so bottom line is that from a year ago, it climbed 4.4 compared to 4.2 last month. Food and energy at the core increased four-tenths of one percent and that's 4.7. Now, when you look at 4.7, think about this for a second. These numbers, man, when they commit with these numbers, these, as far as I'm concerned, the numbers that we're actually paying for product are much more than this, okay? I mean, are you paying more than 4.7 percent for food in the grocery store than last April? Yeah, I mean, not even close. So I know, that's an average all around. There's no doubt about that, but the bottom line is that we're paying a lot more, man. And you know, they, and see, what else happens is, we'll get down to the two or three percent, but that's the two or three percent. It doesn't mean prices go down, folks. It means that from year over year, then we're hitting two or three percent because that means I think we get the expansion that went up about 30 percent. Yeah, a good 30 percent. Now it's gonna be like, okay, are we gonna be, you know, 10 percent higher than that and then it levels out to two or three percent. You know, we'll see. Down industry is up 317. Now it's like up 272. S&P's up 53. Stay right there, folks. Come right back. 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. 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When you subscribe, you'll get a weekly report from veteran day trader Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. Subscribers also get a 30-day money back guarantee. 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. Let's go over to Toll Brothers and take a look at Toll Brothers quick. It's going to get intriguing here that we know that rates are higher, but what happens in inflation, folks, is that you have higher rates than the real question is, what is the real rate of return? What is the real rate of your paying? What you're going to see here, if you look at some of these home builders, the bottom line is that they're approaching their highs again. Toll Brothers, this has volume, man. This has volume going up there. And so what this is, is a combination of that, okay, let's say the rates are running at 10. Well, if we're running at 10, and let's say a paying, 7 in the mortgage, but if inflation is running at 10, you're still at a negative 3. Now, on top of that, what's happening is that the homes that you're already in are worth a lot more money because you can't replace them. What you should do over the weekend, this is a great weekend. You're off, you have vacations, a lot of you are going to be at barbecues. Look around your backyard and look around your house and look to how much wood you have in your home, outside your home, and how much stone. And if you have a pool, all of those prices, even though lumber has come down because you have to get the labor to put it in, have gone up a good 30 to 35%. You know, so it's intriguing because right now it seems to me some people actually selling their homes less expensive than they actually should be because I know you can't replace the value. And it's not a close call but because of the way that it's structured all we need is about another year inflation which I think you're going to get and people are really going to catch on to that whole deal that hold it man, I got to get more money from my house because I can't replace that house even close. Always remember folks the bank and claw your hide out the bulk and run you over and thank God there's always another trade. Health happens in prosperity have a great weekend folks have a safe weekend come back and visit Tommy Tuesday morning have a great holiday weekend enjoy yourself, enjoy your family enjoy your friends folks look at them folks