 A presentation of T. 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 Eddie and Booker Tom. Hey, Eddie, what's going on? Hey, Tom, how are you, man? I'm doing great, man, yourself? Good, good. It is a treasure to have TFNN every hour during the trading day to be there to help you to guide you. And even to give you some peace of mind or, like, that somebody else is there with you while your training is crazy market, either up or down. Well, listen, we appreciate you growling problem with us out here because we wouldn't be out here, folks, if we didn't have all you guys, gals, tigers and tigers as his clients. And, you know, the market teaches you every single day, man. Now, Tom O'Brien. 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, what do you think about? You bring about whatever. You focus on growth. Hope everyone's having a great day, safe day. It's making a great night, folks. Surrender and let go of the past. Whatever life takes away from you. Let it go. When you surrender and let go of the past, you'll have yourself believed to be fully alive in the moment. Letting go of the past means that you're going to enjoy the dream that is happening right here, right now. Market wise, let's take a look at it out here. We have the Dow Industrial's down 121. Nasdaq's up 35. S&P's down three and a half. Gold contract trading up $11.10 at $17.59 notes. We have Silver Up 8 cents, $19.06 an ounce. Light Sweet Crew, up $3.23 cents, $93.62 cents. A barrel, notes and bonds. A 10-year note right now, trading down two ticks at a price point of $117.21, the 30-year off 12 at $137.17. 10-year right now, folks, 3.04%. So, it's right in the middle for the last three months. You know, we had a low of 2.5. Middle where we are now is 3.04, high 3.4. King Dollar, King Dollar's the number out here. Once again, King Dollar's down 448 ticks. 108.5.96 euros at $99 to $1.00 USD. Yen is out here at $135 to $136 to $1.00 USD. And the British pound is at $118 to $1.00 USD. iPhone number's 877.9276648. Give us a call, folks. Want to know what's going on in your world and the world of the S&Ps? Let's take a look at it. What do you have? Well, as I said in this update, this is going to be a real tricky one. This is why. So, you take a look at it, right? The first leg, you know, bottom line wants to fill this gap. So, we filled the gap. The gap on the spy, 412.75, okay? Bottom line, you're at 413.20. That being said, bottom line is that you came down hard yesterday, 77 million shares. Now, we did get to a lower load today because we went to 411.77 and you have volume contracting, so you can look at that and say, okay, man, you know, you're coming to some heavy support, you know, because we had traded this seven days across. That would be the bullish position. The bearish position would be, oh, man, he's setting up an ABC down. And when you do, the numbers are setting this ABC down. You come right to, which would be the 50% retracement of the whole move higher. And, you know, markets just love to go back to breakout areas. Now, this is where we really stop breaking topside. That's on your S&P. We take a look at the NDX100. What do you have with the NDX100? Same type of setup. Inside the NDX, what do you have with the NDX? No, actually, this is gonna get interesting. This is where this close is gonna come in. See, okay, so yesterday, the queues, queues get down to 313.53. 51 million shares traded, right? We got to, one second. 313.53, yes, so the low is yesterday. 313.33 is the low of today. Now, that's showing that there's no more sellers there. That being said, you know, this is like, oh, man, that could be a nice little ABC structure down. So, I'll give you my take right at the close because this is gonna get that wild, folks, because I'm gonna try to figure out which way I'm gonna go here. It's that crazy. And this doesn't happen a lot. Let me tell you something, it just doesn't. Most of the time, doesn't mean I'm right. I'm saying I have an opinion and you just go with it when I'm trading. This one here is really a trippy one because it's like, okay, am I gonna flip positions here? What am I gonna do? And I'm gonna do it before the close because it's like, you know, we know how this goes. You wake up in the morning, one way or the other, you're up or down, you know, a couple hundred NDX points, so. And it's contingent on this US dollar. And so the dollar's trying to claw its way back right now. Gold, gold contract. We take a look at the gold contract. What do we have with the gold contract right now? Bottom line, you are up 11 bucks. You get 137,000 contracts. It's not bad, it's not great. It's better than going down. That's the bottom line. You know, bottom line, we did 134,000 yesterday. Now that 134 was going into 193. So we'll see whether it can get followed through. And the way that this is encouraging, this is actually encouraging. And when I say encouraging folks, I'm not talking about just the whole gold market, because when you look at the markets, this is what's so cool. So I've done the gold report now like 21 years or something. And I think it's 22 years actually. But anyway, what happens is that the way, particularly these markets are moving right now because of the interest rate structure, to me, gold, dollar, interest rates, and I like, you know, MDX100 and the S&P. If you can kind of coordinate those and whatever your opinion is that they're going in harmony with each other, your probability of being right goes dramatically higher. So that's kind of what you're hearing off me out here. And bonds, we go over the bonds, so check this out. We take a look at the bond market. What you have here is that the sign of strength, it was by at this morning, but I believe what just happened is that it rejected that sign of strength. So the sign of strength is right here on the 10. That's 117, 14. Yeah, see, this is sick. So it went exactly to 117, 14. And you're at 117, 21. Now, the same as situations there, it's like, okay, man, big deal. You know, you rejected it, but you don't have any gusto behind it, okay? So we'll see where it's going to shake out, man. Some of the higher volume equities, and there's going to be a low volume day out here today. Actually, let me go into the composite for a second. I want to look at this composite. Because what did happen is yesterday, we were talking about the volume, right? And the volume was lighter yesterday. Yeah, see, it's going to be lighter today too. This is actually pretty good. Because you got below the low of yesterday. Low of yesterday was five, no, 353. We got the 352 today. Some of the higher volume equities out here in this low volume day. We got, come on, where are you? Whoops, there we go. You got Apple up 17 cents, Zoom's down 15 bucks. Well, that's just amazing. Tesla's up $23. You got Pinduodu is up $265. Let's see. What else is moving out here? Microchip technology is up a buck and a half. Stay right there, folks, to come back with our man, Mr. Basil Chapman. Our phone number's 877-927-6648. We have it out. Our industrial's right now trading down 125. Nasdaq is up 34. S&P's are down three and a half. We'll come right back. Inflation, we are purchasing powers eroded. There's no better place to protect your harder and money-thanning gold. This is the gold's flagship asset is the Monk 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. This, the gold just completed the Monk 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 Monk Todd as an attractive, devious party, ready development stage gold project. This, the 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 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. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 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 Dow. Dow Industries right now, bingo. There we are, tried Dow's Dow down 96, Nasdaq is up 43, S&P's are turning flat. 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, Bazaar's an outstanding show here. Every trading day, 10 to 11 Eastern Standard Time. And of course he has this great newsletter, the opening call. Now it's very easy to get the opening call, folks. Come over to our website at TFNN. You're gonna go into the newsletters, you'll see the opening call right on the left-hand side. You can get the opening call for one month for $149. You can get it for six months for 6.95, which is the savings of $199, or 22%. You can get it for one year for 11.95, which is the savings of $593, or 33%. Now they all come with a 30-day money-back guarantee. So come on over, check it out. If it works for you, great. If it doesn't work for some reason, bottom line, just you can get your money back 29th day. Basil Chapman, what's going on? Hi, Tom, how are you? I'm doing great, yourself. I'm good, I'm just looking out the window. I'm seeing some clouds. I hope it doesn't rain in the next two hours, because I want to be out there playing tennis. I like it. Other than that. I like it. What can I say? That's right. Right. So what is it? Is it in the 80s, 90s? Where are we at? It's quite warm, yeah. Okay. Actually, it's quite humid, that's the thing. Yeah, your first cold spell's gonna be coming in any day now, though. It happens up there, folks, and it feels so great when it comes in. But, I mean, we're getting there. It's the 22nd of August, it better be coming in. It's a rush. So, talking about coming in, we've got the dollar coming in, so from the high that was made in the middle of August at 34,281. When I look at the speed of the pullback, the suddenness, we've been talking about that for at least two weeks, we've been saying, just be careful, there could be quite a sharp pullback in the dating chart. What is really impressive is that the weekly chart has had a buy signal instituted. It's not yet a buy mode, which means that you should go to at least four higher peaks, but we're at a potential peak B here. And the technicals are still very strong, even on this pullback. So, I'm looking at the shorter term, and one of the reasons why we've stayed in our core long position in the diamonds, where we did add a couple of days ago, we did add the short side of it, and that'll be for new subscribers, that'll be a new position, but for all the subscribers that know that this is really a trade. We just kind of ameliorate the, any pullback in our long positions. It's slightly more weighted to the short side, but that's the way we're looking at it. And one of the things that's important is, you were talking about the dollar just a moment ago. Yes. What's always fascinating to me is how does the market know? Yeah, we've looked at markets now for decades, and it's just incredible how, especially over the last year and a half to the last, especially the last six to eight months, how many times we get almost an exact double top potential, two pennies from the previous highs of the dollar, which we still long from 2018 actually, that's the year 2018 at 90 level, is at 108.61. It hit 109.29 on the 19th of July, pullback pretty sharply, not I mean sharply just in this chart pattern formation, to 104.64 on the 10th of August, and then ran up very quickly. And today, what did they do? It went to within two ticks of that high of the 19th of July. But what I am looking at, the magdeez good, the nine periods strongly over the 14 period moving average. The stochastic is fabulous at 94%. The relative strength is pretty good in the daily chart. Excuse me, let me just have something to drink here. And the weekly chart. Oh, that tastes good. I needed that notification. And the weekly chart has made this U shaped pattern that we're always looking at. And the monthly chart only needs to go three ticks higher than today's high needs to go to 109.30. Okay. Extend the monthly leg C. So that, I mean, that's just a perfect use of the Chapman Wave in terms of looking at the material that we have with cup formations. That's what I always spend a lot of time on my webinars, talk a lot about the cup formations or the arch formations, the timing from the left side to the right side, how our objective is always to get to at least a peak D, how we can use an alternate county to at least be prepared for some kind of a pullback. So this is an important moment just in price for the dollar, but really the strength on the technical side that it says, even if it pulls back, it should at least try to bump into the 109s again. So that's, I just wanted to say, you know, in my work with the left side, right side price time match, looking at the matching price, it's a little lopsided in price because the cup bottom is more to the right. So it's kind of a lopsided cup, but it has all the same potential across the Chapman way, inside wedge target resistance line right here, said that today should be the test of 109, 29, and it was. So those things are working. So it's very interesting. We took a lot of money off the table in the last week or two because we were looking at some kind of, at least shorter term topping formation. So now we're out of our SOXL that's three times along the semiconductors. We're hoping actually to get back in on this pullback and maybe keep a core position of just the SMHs and then treat anything more than that as a trading position. So we built up some cash. We're taking a little bit off now, three times along the QQQ, still long, but we took a bunch off with very, very good profits. But what's really fascinating to me is that if you're fortunate enough to have picked an area that is still in favor, then the residual strength, as we can see, for instance, CF industries, I spoke to you about this a little while ago about this pattern, the Stalkleg formation and the Chapman Wave and the Dady chart. This is a company hydrogen, nitrogen products, the clean energy, fertilizer, emissions abatement, kind of everything that is being spoken about now. So we're along from the 75s, it had 110.95 today, but the same pattern that I'm looking at, this cup formation said that the left side high of 113.49 on April the 13th, plummeting down to the 79, 18 area on the 14th, and then it turned up and we went along long soon after that. Actually, no, we were long, sorry, we're along at 95. So 95, and now it's trading at 109.15, this particular pattern with the oval pattern says if it breaks to the upside, if it extends more than a one-to-one from the oval pattern of what I call the body, then there's a chance that it's actually taken on a one-to-one formation that can go quite a bit higher. Well, the target is the 113 area, today it's almost hit 111, so it's getting very close. But look at this nice, look at the pattern in the cup formation, the symmetry, how you can see this large arch, how it used the 200 period, I've had webinars on the 200 period moving average. Look how many times it hit it, never really broke it by much, always closed above it and then boom, it took off. So these are patterns that we look at all the time. And most importantly, it seems to be in an area that's actually working right now and has continued in the last few days with the general markets being weak and you've got the cup formation in the weekly chart. And if it breaks to above 113.59, that will be a leg D in the monthly chart and that'll be very positive. So we've got a few of those, we had another one as well in this particular area and that was NFE, which is in the natural gas area and that's also gone to a peak D and made a beautiful cup formation, you can see. So that's what we're trying to use patterns to trade and keep cash ready for big pullbacks. Jump over to the website, folks, check out the opening call. Bats have a great one, safe one, look forward to tomorrow. Thank you, Tom. If you wanna take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal 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, DXAU, 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. 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 and 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 YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern, for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be, tfnn. Educating investors. tfnn is excited about our new software charting program, The Art of Timing the Trade Charts. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, your ultimate trading mastery 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 guardleafs, ABCs, 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. And 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. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks to Dao. Dao Industrial is right now down 109 to get the NASDAQ up 27, S&Ps off three and a half. So we're gonna continue on what Basil's saying a bit because it's applicable to where I think the dollar's going. And so if we look at Mosaic first, right? Now this gets really intriguing because you know we're talking about the aspect, okay? You know, are you a bull or are you a bear? I'm talking about a short-term day or two basis here, folks. You can see Mosaic. Okay, now this is a beauty, man. This is an ABC Up. You can see, this is a classic too, a time of the trade classic. You can see, you rejected the lower price yesterday, an expansion of volume, four million shares, you're going into 2.7. So what you have here is you got an ABC Up, 55, 55, that's a big one too, yeah, it's a 12 bucks A to B. So that's saying that 52, 62, 64 bucks is game. Is that up there? There's, that's game, 64 bucks, man. Now, okay, so let's go to the next one. And if this is the case, that's telling me, and this is kind of how you wanna put these together sometimes, you get intrepid, you can see intrepid, potash business, bottom line. Started yesterday, look at the hell subtle this is. Started yesterday, 311, 10,000 current shares, boom. Same type of setup, 46, the low's 35, you get nine bucks. Nine bucks gets you 51, 50. Where's 50? 50's up here somewhere. My point more than anything here is that if these guys are doing ABC structures up, now you can make the point that, okay, you got droughts everywhere, they need potash food. But what does happen inside the commodity business is that the dollar basically runs the commodity business. So it's gonna be, yeah, it's still toss up, that's the bottom line, we'll see where this shakes out. If we look at the NQs, they're up 10 bucks right now. Now what just did happen in the last 10 minute bar, it doesn't have volume in. Yeah, let me bring this over here, so. And this is where it's gonna get so intriguing coming into the close. So you can see, and it's always nice when you got a couple channels that are laid out here. Because the way this is set up right now is you can see the last time, well not the last time we were up, but at 1.30 this afternoon, you had 8,100 contracts there, then we came down with 8,300, you went back up with 57, you came down with 56, you went up with 68, and we just came down with 61. Now we're on this one right now, and we get eight minutes left of this bar right here. So they're gonna bring this right to the end. That's how I suspect this is gonna go. Let's go take a look at inside the Dow industrials, the strength versus the weakness. Point wise out here, you have the oil stocks, you get, well no, actually Caterpillar. Caterpillar's first, putting 36 positive points, Chevron, 31 Dow, 8 Boeing 7, taking away from UnitedHealth, 50 minus 50, Home Depot minus 33, Goldman minus 21. Let's go to Home Depot for a second. Let me see that this thing is doing, man. So, okay, so you came up, you're pulling back with light volume, put this on a weekly for a second. Okay, so, you know, this is not bad. You know, that big spike there, that was, so the spike that we had last week, right, that would be the beginning of taking the supply line out again. That's how this is shaking out, man. So it'd be interesting to see how this shakes out, because it's a big supply line. The supply line at Home Depot goes back to 2021. You know, so there's no doubt that that's gonna take quite a bit to get through. Inside the NBX100, the strength versus the weakness out here today, you get, what's that, Palo Alto? They got a nice bid that's up 12%. Pinduodoo is up five and a half. You get CrowdStrike up 3.7. JD.com's up three, taking away from it, zooms the number. Down 15 and a half percent. DocuSign off three and a half percent. Vertex Pharmaceutical off two and a half percent. Workday off two percent. You know, let's go take a look at a couple of the big dogs out here. We take a look at Amazon first, Amazon right now. And Amazon, it's gonna be intriguing. So Amazon and United Health are in a little battle here to take over a software, a health company, software company. And, you know, it's intriguing because the company itself, you know, you get Amazon that basically has a market cap of insanity, as does, well, just look, revenue rise, revenue wise. This other company they're trying to take over has a revenue of $1 billion. Amazon takes in $523 billion and United Health takes in $322. And they are fighting over this company in a large way. And I suspect, you know, it has everything to do with basically on demand health. You know, I mean, the way, when Amazon is doing folks, okay, Amazon is gonna basically try to get in the, not well, they're in the health business, all right, but they're basically gonna try to do, is have a subscription type of business that, you know, you pay so many dollars per month, bottom line, call it as many times you want, and many appointments you want, all of the above. Like, you can imagine where this is gonna go. So, it's gonna get pretty interesting watching exactly where that is going to go. We gotta take a look at the GDX. We had the gold equities move out here. Of course, because gold was up $17. GDX finally caught a bid man, you know, bottom line, this is saying that you broke that little, well, it's been on a monster downtrend, but the downtrend you broke, as saying GDX now can go to $27.57. The, that's the GDX, if we go into the, we wanna look at the XAU and the HUI because what we're looking for now in the XAU and the GDX is that we wanna see what the volume was yesterday, because I believe that the volume is gonna have contracted since the day before. It did, beautiful. So, on Monday, we had, no, on Friday, you came down hard. We did 33 million shares. Yesterday, you rejected lower price with 22. That's how you wanna see it, man. And that, when we were coming in, you were still coming into 35. That's the HUI. We go to the Goldbugs Index. It's gonna be the same type of setup. Okay, so Goldbugs, Friday we did 25. Yesterday, you did 16. That's what you're looking for, man. And what we'll see out here today is that you're gonna see an expansion of volume out here today. So that's pretty cool. So that means you got down to the bottom, rejected lower price. You're finally coming off that bottom and we'll see whether we can get any type of acceleration, you know, wide price spread, accelerated volume. That's what we're looking for. When you come off a bottom, folks, that's what you're looking for. If you get the wide price spread, plus the accelerated volume, that's when you can get some traction going. Oh, natural gas, NG, yeah. Let's go look at, I'll do that as soon as we come back to, but let's pull this up because this has been, no doubt, quite a ride out here. So today, let's see what we did. So today you have a high of $10,082, $10,02 and a low of $950. So that's a $10,000 move. Natural gas is, that's wild, man. Look at this. So let's go see. Okay, we take a look at this. It's a lot of volume, man. Stay right there, folks, come right back. iPhone number is 877-927-6648. Come right back, folks. ["Mount Todd Gold Project"] Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a seven million ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accretive transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGZ. Vista Gold executing a strategy to create shareholder value. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns. Finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. 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. tfnn.com, educating investors. Biotech is booming, but for how long? Whether you think Biotech Bull has room to run or has run its course, trade LABU or LABD. Directions daily S&P Biotech three times, bull and bear ETFs. Visit directioninvestments.com slash 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 prospectus or 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, Four Side Fund Services, LLC. TFNN has launched 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. The Tiger's Den, available to all tigers and tigeresses 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. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks to Dow. Now, industrials right now are down 97. You get the NASDAQ up 24. S&Ps are up two. And bottom line is that this is gonna be really intriguing watching how we shake out here, man. Yeah, it really is. So, let's get into the bond market for a second because we take a look at these bonds. We know that we have the Jackson Hole. That's gonna get more action each and every day here meaning what's coming out of it. You get this afternoon, two of the Fed governors out there basically yapping to say, hey man, I think we could have went up a full point. You're gonna get these types of things that are coming out of it, that's for sure. So, we take a look at bonds. You're at 1.7 million contracts right now. So, never it's okay. So, you're coming into the strength. Now, the strength had 1.8 million. So that's pretty close, man. That's not great because you get an expansion here. You get an expansion. You can see that 1.7 and to 1.8, but it's 1.73. I don't think another 15 minutes, they're gonna put what, but that's a lot of volume going in there. So, the real question is because if you crack, if we crack the 117-14, man, bottom line, you're gonna go right back down to these lows and that means those lows that they're starting to talk about interest rates, 10-year, but the 3.4 again. And if the 3.4 flies, if that's where we go, that is saying that that dollar's gonna be a problem. If we go over to the dollar and we take a look at the dollar, you're gonna see not only that bottom line came within two ticks of the high, but you can see that we're already off the low. 107, 108.07. So, you're 50 ticks off of that low and that's like, you know what, man? So, now, here we go, folks. Okay, I made up my mind. Oh, man, I think it's gonna be an ABC down. The closer we get here, this is setting up because what you have here is try to get higher. I'm at the queues right now, okay? So, they try to get higher. So, yesterday we came down, try to get higher. You only have 34 million shares traded. You go, you came down on 51. This is, and particularly the queues. See, the queues are like almost no man's land. I mean, there's some support here at the 312, but that's telling me that next stop is right down here, man, which is the 298 to 305. That's how it's looking. And if that's what it is, that is in itself, bottom line, gonna be a 50% retracement of the move. Now, what it's also saying to me is this, is that because we came down to the first level, right? So, we came down to the first level and you do have light volume as we came down to that level. So, it's real possible that you're gonna get, you're gonna remember something. ABC structures down are up, right? Or what? They're straight line moves. So, if in fact this thing gets smoked right down into Friday, I suspect we'll probably run out of gas. And that'll be about as deviant as you can get because if it's Friday, the following week, I believe is gonna be us coming into Labor Day. And that's the way this seems to be setting up right now. So, we'll see how this baby's gonna shake up. And that's also telling me, by the way, that this doll is gonna go to the highs. And I'm not quite sure how these, even all the gold equities moved. They moved nice, but let's take a look at a few of them because they still need more juice, man. That's the bottom line. No, it's not bad. No, Angolashanti is good. Okay, this is good. Didn't hold price as much. Angolashanti went up to 1547, trading 15-18. And you do have an expansion of volume. We were going to a low yesterday with 2.4 million or 2.5 today or in the way up. Let's go take a look at the GOLD. We take a look at Barrick, same setup. The difference is that Barrick didn't have an expansion of volume, though. That's the difference, not an expansion of volume. But you know, when we take a look at the, let's go take a look at the E-minis here. So, we put this out. Yeah, this one's lower into the close. Okay, so what you have here is this. You get this by, the last bar. Now, this is really subtle, man, but the last bar did expand. There it is right there, see that? So, we did 23,000 contracts on the way down. At the top, you did 17, what's this one? That's 23, that's how tough it is, man, unbelievable. Now, this one here, we are seven, yeah, you can see this, this is going south, man. Yeah, right now, so pitch this here. You have 21,000 contracts and you get three minutes left. Yeah, and so this low out here, only has 23, 22,000 contracts, so it's gonna be easy to get down into this. It doesn't mean it will break the low of the day, but it can certainly get down to this low here, which is the 41,27. And then go to the NQs for a second, that was fast. So the NQs, yep, that's an expansion too. Yeah, we're already, yeah, there's eight minutes in it, we already got the expansion of volume. So the NQs are coming into 10,000 contracts, it's done 7,600, probably can do 10, that's gonna try to get after that low there. I think what tends to happen is that the closer that we get to the four o'clock area, the more pressure that it will have, because you gotta remember something. See, different trading days are a little bit different. And what you had out here today, we really just had a sideways day. And what didn't happen, in fact, no, it happened once, right? I think that E-mini got over that, yeah, it got over, it got opened actually over that 41,44. So if we put this up, I put this back a little and you can kind of see, it's been having a tough time basically getting out over this level right here. And that's, yeah, we got over it and just gave it up, man. That level there is, that's 41,52. So, so, bottom line, I suspect that you're gonna, we're gonna probably wake up and for some reason, there's dollars gonna go after the highs again, bottom line, markets gonna probably more than likely do an ABC structure on the way down. And the cool thing about the ABC structure, of course, if that's what you get, is that we have to get volume higher than yesterday and not as a break that point. Even though that today you're slightly below it, but as I said at the very beginning, it's too close to call, that's the bottom line, whether you're at a low or low, you're gonna contraction of volume, you get the gist of it, but I've seen enough of these that this to me is actually that you try to get a little bit higher, you couldn't do it, you failed, the volume contracted way too much, that's saying this next leg down is there. And the next leg, that could be the most deviant thing the market does anyway, that's the real bottom line. So, you know, that might say, and the market's job is to take the most amount of money or if the most amount of people and at least the amount of time, this is probably the way it's gonna be done. Serious there folks who come right back, we have that out at 1.49, that as it goes off three, SAP's down 10, we'll come right back. 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 and 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 each trade. Dave 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 Dave's newsletter, the technology insider, and get an inside look at everything the technology sector has to offer. Try it risk-free today with our 30-day money-back guarantee. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. 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. TFNN.com, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 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. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to tfnn.com and hit Watch Tiger TV. That's tfnn.com and hit Watch Tiger TV. Welcome back, folks, Dow. Dow Industries is down 138. The Nasdaq's flat S&Ps are off eight and a half. When we do look at Nugget, folks, couple of the Tigers out here. Now Nugget is the 200% bull position of the miners and bottom line, yeah, there's a good volume here, man. Yep, just like the GDX. So somehow, some way, this is saying these golds want to start going higher. You know, the Nugget, yes, they had a low of 2.9 million. You get 4.1 million on the way up today, you know. So I suspect, more than likely what we're gonna see here is that this dollar, I suspect, can get over it again, under it, the bottom line, is that what I can't picture is this, particularly folks in the aspect of this being, you know, Jackson Hole, all the central banks together, this dollar is gonna turn into a problem in a big way for Europe, you know, because if the dollar, so picture this, let's do this quick so we can get this before the close. If this dollar, I'm gonna put this on a much longer time frame now, if we break this area, the euro's gonna go to 78. And that is about as intense as you can get because the next area for the dollar actually, yeah, no, the next area for the dollar is 121. Right now we're laying right where we were in 2002. And if I reverse this and go to the euro, what you're gonna see, and I remember this very well, the euro is at 78. And imagine getting a euro at 78 cents to the dollar, my God, you know, but bottom line, there it is right down there, 82, 82 cents. 82 cents to the dollar, and you can see, actually, you know, it's the same setup because we're right there. We're right, what's happening with the euro is the euro's right where it started getting some strange going back to 2002 also. So bottom line is that, you know, we're all dealing with, you know, basically the transfer of something for something. In this case, we're talking about fiat currencies for fiat currencies. They've lost a lot of wealth in Europe, man. That's the bottom line, you know, buying power. Oh, as you remember, folks, the bank and Clio hideout, the bull can run you over and thank God, there's always another trade. Health happens in prosperity, have a great night, have a safe night. Come back and visit Tommy tomorrow morning, kicks us off, nine in the morning, great show, folks. Yeah, look at him, folks.