 is a 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 our man, Alan Homo-Sasa. What's going on, brother? It is any wonderful. I went ahead and invested in your tiger dollars and I went ahead and got your gold report for a year and also your call letter and stuff like that. And I got over a 50% return in one day, not counting everything else. But I just want to thank you. Tom's not perfect, but he tells you how to put your stops in and keeps your losses small. You can take your small losses, but then all of a sudden you'll be like Dave Root and you'll hit a home run. I mean, a big home run. You can put the money in your pocket. Okay, brother. You're awesome, man. Thank you. Now, Tom O'Brien. 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 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. Let's make a great night, folks. Be impeccable with your word. Replace fear with love. The human mind is like fertile ground where seeds are continually being planted. When you're impeccable with your word, your mind is only fertile for the words that come from love. Your mind, oh no. When you're impeccable with your word, your mind is no longer fertile ground for the words that come from fear. Your mind is only fertile for the words that come from love. There we go. Spit it out, Tom. Knock it away. Let's take a look at it out here. We have the Dow Industries down 173, Nasdaq off 124, S&P's down 23. Gold, gold contract down $10.30, trading at $19.59 an ounce. We have Silver down 38 cents, $22.84 an ounce. Light Sweet Crew up about $83, three cents a barrel, notes and bonds. Ten year note, up 10 ticks, trading 111.14. The 30 year up 36 had 122.16 and King Dollar. King Dollar's trading up 485 ticks, 102.532. The Euro's at 109. The end's at 143 and the British pound's at 127 to one US dollar. Offer number's 877-927-6648. Give us a call, folks. One note's going on in your world and the world of the S&P's, let's take a look at it. What do you have? Well, you got a doji lining up inside the spy. We'll see if we get a total rejection. Right now, you got a doji just lined up, though. And you get 51 million shares traded. We went higher yesterday with 56. You got a small ABC structure down. We're still on that small ABC structure down. That's a 442 number. You're at 448. We made it to 445 today. They rejected 445.27. And right now, you're at 448.35. We go into the futures. Let's go take a look at the futures here. So you're off the lows of the futures, approximately 35 points. We pulled us back. What you're going to see here, you came up. You spiked the open. The open is 445.11. We just spiked it. You spiked up to 45.15. As long as you stay above the 45.11, that was saying that, OK, guess what? You're going to try to get higher. You get underneath that the next 10 or 15 minutes. Then it's going to get a little challenging. Because what you have here, even the highs of the lows, that's a high volume bar right there, which is at 4496. So we'll keep our eye on that baby right there. But you have to still first get under the 45.11. That's how that works, OK? Because that's the range. Now, just set up a range. See, there's the range right there. The cues. We take a look at the NDX100. What do we have inside the cues? Cues set up right now. They are down on 37 million shares traded. Now, this here is going to get interesting. Because this, we had one ABC down. But the cues are actually setting up another one. And we're going to get the volume. We're at 37 million. If we get 47 million, you're going to have the volume. You're going to have a larger ABC down, actually. And what is keeping the market up in general is right here, which is the 37285. Now, the cues are underneath it. That's what it basically rejected that number yesterday. It had 37 million yesterday. We're at 37 million. What, we had 37 million? Yeah, we're at 37 million now. That number, though, you can see what it's going into there. That number is 86 million that you're going into. That being said, you'd want the cues, if you're thinking we're going to go at a higher price, you want the cues over or at 37285. And right now, we're 37139. We go into the notes and bonds. So we take a look at the 10-year first. What do we have with the 10-year? This basically saved itself last Friday in a monster way. You had 1.2 million contracts today. That's a small contract volume. There's going to be a huge amount of issuance this week. So this will move this around for sure, because if the issuance goes good, people will basically pile into this 10 because they'll be saying, OK, man, that was a downdraft. Bottom line is still inside the range. That's saying that this still wants to go up to the 113.06. Right now, we're yielding 4.01. The high of last week was 4.17. Big numbers, man. Big numbers everywhere. And, well, let's go to the gold contract, because they're taking gold that will clean us here. Now, you have the volume that's contracting. But we've seen this before, man. Bottom line, when it can't hold price, it can just grind you down. So gold contract's down 10.20. You get 134,000 contracts. Now, that's going into the last low that a rejected lower price had 156. But we haven't rejected price here. So what's game here inside of this contract is 1939. And right now, you're at 1959. And we go to the good US dollar. We take a look at the dollar. And the dollar had a slight retracement. You had another sign of strength out here today. The dollar's up by 496. Had a high of 102.796. We're at 102.535 now. The swing high, the first swing high that it's trying to take out is the 102.840. And if this is at ABC up, it's going to go all the way up. It's going to blow away the swing point it's going after, which is the 103.500. It'll go all the way up to the 104.695. So we get a lot of action out here. There's no two ways about that. Inside the NDX100, the strength versus the weakness inside the NDX, you got Lucid, the car company, up 11%. Amgen's up three. Taken away from it, Datadog is getting smoke. That's down 17%. Get Dexcom off 9.5%. ZScale is up 5%. You get CrowdStrike down 4%. Inside the Dow Industries, the strength versus the weakness inside the Dow Industries. Point wise here, what do we have? Let's take a look. Point wise, you got Amgen putting seven positive points. Caterpillar two taking away from it. Goldman down 47. Putting 47 negative points into it, rather. UnitedHealth 36, Microsoft 34. Stay right there, folks. Come back when I'm at Mr. Bowser Chapman. Tigers, candlestick pattern analysis is a primary tool among successful traders and you should be no different. Candlestick patterns can demystify buy points, sell points, general price movement, and so much more. At 4 p.m. on Monday, August 14th, trader Teddy Keckstadt will be hosting a live, hour long webinar on Japanese candlestick patterns. Teddy, the author of the Tiger 4x report, has been trading for 33 years and candlestick patterns have been instrumental to his success. For just $97, see how to use candlestick patterns to analyze stocks and options in order to capitalize on market swings, increase your odds of success, and decrease your risk. During this live webinar, you will learn when to use and when not to use Japanese candlestick patterns in this volatile market. Dispel the myths about this strategy and see just how much the mastery of candlestick pattern recognition can impact your trading. Visit TFNN.com today. TFNN, educating investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. 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 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. 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. Now toll-free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back, folks of Dow. Dow investors right now trading down 180 at the Nasdaq of 133, SAPs are off 24. Let's get over to our mam, Mr. Basil Chapman as we do each and every Tuesday. Don't forget, folks, Basil has an outstanding program here every trading day, 10 to 11 Eastern standard time, also a great newsletter, the opening call. Now, it's very easy to get Basil's newsletter, the opening call, folks. Come over to our website at TFNN, you're gonna go into the newsletters, you're gonna see it right on the left-hand side. You can get the opening call for one month for $149. You get it for six months to 6.95, which is the savings of $199 or 22%. You get it for one full year for 11.95, which is the savings of $593 or 33%. Now they all come with a 38-day money back guarantee. Basil has a huge amount of archives, approximately 11 to 12 on the site. So bottom line, you're gonna get a great newsletter, you're gonna get a lot of archives, meaning how Basil looks at the market each and every day and how we ride this wave. Basil Chapman, what's going on? Well, talk about waves, this is a bumpy one, that's for sure. Yeah. What we were looking at, it was like, I think it may be three weeks ago, it could even be four weeks ago. What I said to you is there's a particular technical tool that I've used for a long time, and there's a certain way that I look at it, and as long as that remains positive, then you have to use other tools to get the turn. So I spoke to you about this nine period moving average over the 14 or under the 14 period moving average, and I said in the daily chart of the day, he has the one on the left, this is the weekly in the middle, the monthly on the right. All the technicals are already strong. I have to use a different technique in which I can get some kind of a cell signal in the Dow, and then it has to be upgraded to a cell mode, and I did that on the very day of the high, August the 1st at 35,000, six, seven, nine was the high. That was the day we actually shorted the Dow. We still have call-on positions from way back, but we wanted it on a trading position, but I'd say to you, and I'm going to move this over to this particular chart right here. Now, Basil, what you're saying, I just want to go over this just for a second. So what you're saying is that all the indices are under the nine right now. No, yes, what I'm saying is, let me, I'll get you it right now. What I am saying is that all the technicals in the daily, weekly, and monthly chart of the Dow are very strong. One technical indicator that I use, which is unbalanced volume, gave me a cell signal on the first in the Dow. Okay. And now I'm going to show you something very interesting. So this nine period moving average, the chart that I showed you this last week as well, I said the chart that I'm showing you has this nine period moving average green, when it is over the black 14 period moving average, it did go pink back in May for a while and then it went back to green. And this being ever since, and I spoke about internal highs and residual highs and I thought that this M shape pattern right here was going to give me some kind of a cell signal, which it did. However, look at this. Even this morning when the market was really 400 points, the Dow was down 400 points, the market came back and that nine period moving average still hasn't closed lower. So even though we are short this particular position and we are still in the money, look at what's happened to the S&P. The S&P today went pink finally and it only had one or two pink days back in May, but it's been green ever since April. What was that April? The, no, that's March the 28th, this nine period moving average, even with all the vassist cues, all these sharp pullbacks that green period only now has gone pink. Look at the QQQ, same thing. This one also only went for a brief period back in May, also back in March it turned green. But now you can see it's starting to come back quite sharp. Look at the IWM, Russell 2000. This is the daily chart because the nine was so strongly over the 14, even with this very big weakness, and actually the IWM has given back quite a bit from the high of just a few days ago, it's still green. So this is an indicator that I like to use. I use it sometimes at my peril because I try to use other things until I'm always looking to try to get a top or a bottom. And one of the things is if you can get almost the exact high of the low, it just gives you some room to breathe with all these bounces like yesterday's bounce, everything's still held nicely, but I want you to show you something else. Within the context of candles, there was this almost a dojo candle at the high of August the first, and it came down sharply and then it gave what I call an inverted red Chapman wave Roman candle on today, today's Tuesdays, that was on Friday. And I said if we can see the Dow up over 35,000, I think 370, I think I said for 35 minutes, there's a chance we could test close to the previous high, that's Friday's high. Well, we didn't get there. We had a really good strong move, didn't take out Friday's high. And then today we took out the low of Friday. I mean, if ever you're looking at volatility, it doesn't look like another this chart, but if you live right here in the den and you're looking at these prices, these are big moves. And now the candle, as we're talking, the candle is really not, it's quite a bullish candle actually, and the nine is still over the 14. So it's a step-by-step process. But what I have said is that the SMHs, the semiconductors kind of give clues and they made a double top high on the 31st of July, 161,17. Two days later, just before the open, we actually shorted this and it's been quite successful. But my contention is that the semis usually leave the markets up and down within the very short term, you can get variations. So I'm watching this very closely because from the action I'm looking at now, it seems to me that there are, we've taken off quite a number of positions within the longs that we have so that we've whittled down to keep a core position. I think I might be looking at putting some of them back now in certain areas because today was the opportunity to close really ugly. It could still happen the day's young, but I think that this is actually not bad action at all. And it's telling me that fund managers are trying to use the dips to buy and that until I get, and I'm gonna go back to this again, until I really get this nine-period moving average and you can actually see in the SMHs, the SMHs look at deflected lower, so that is an S, that means the nine's going to be negative from tomorrow. Until I can get the Dow, that nine-period moving average turned pink and whole pink for about three sessions. This is just waves, it's like riptides. Waves are buying and selling, but I'm seeing one by one, the key indexes like the S&P, like the Qs, like the SMHs, like the IWM start to fall to here. So I think that we, in a consolidation phase, it didn't go down as quickly and that's the thing about this nine-period moving average. I had warned subscribers, I said, it's not going to be easy when that nine still stays over the 14. I call it my technical tool of last, this is like the Fed is the bank of last resort. So this is a particular indicator used as last resort because it's still holding, the other ones have been very weak. So I can see that there's, I went to the test today and we've got the test and that tells me that there's a rotation going on and that if you're in the right sectors within the rotation, you might be able to alleviate the tension of some of the indexes going down deeper, but I'm actually impressed with today's action. I didn't think I'd be at the beginning of the day, but I am now. Yeah, no, there's no doubt you made a great analogy there, there's no doubt, they're like a riptide. Listen, folks, it's very easy to get Basil's newsletter, come over to our website at TFNN, you're going to go into newsletters, you're going to see it right on the right-hand side, hit that button, it's the opening call. Basil, you have a great night, a safe night, we look forward to the show tomorrow morning. Thank you very much. Thank you. Stay right there, folks, we'll come right back. We have the Dow Industries right now, Dow 154, Nasdaq's off 123, SAP's are off 22, we'll come right back. The gold report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and 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. 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 has just launched their new trading room, the Tiger Zen, 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 and now they are expanding their reach with the Tiger's Den available to all Tigers and Tigresses for just $1 for the year. 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 Tigresses 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. 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. The Dow Industrial is right now at 165. We'll get the NASDAQ off 123, SAP is off 22. Let's get over to our man, Mr. Tim Ord, as we do each and every Tuesday and Thursday. Remember, you can get hold of Tim every trading day at Ord. O-R-D dash Oracle, O-R-C-L-E dot com. That's Ord dash Oracle dot com. Tim Ord, what's going on, brother? Well, did you get my charts? I have your charts. I have it up. Yes, I do. There are some real interesting things going on here. Actually, the tools are starting to come out, at least on my side, as far as the gold market, not so much the S&P market, but the gold market. And that's usually a pretty good sign that you're getting close to the turning point here. But anyhow, we'll get right to it. The bottom window is a 50-day average of the GDX up down volume percent. And this chart goes back to 2013. And every time that indicator got below minus 20, the market flipped sideways. And if you look at the top window, which is GDX, I marked the times, actually circled in red, when that indicator got below minus 20 or lower. Okay. And the market flipped sideways for several weeks, even at 2016, I think, flipped sideways for several months. And I think we had this on before, several months ago. Yes, we did. We talked about it. Yes. I think a lot of times when this indicator hits minus 20, the market flipped sideways. And around June 15th, it hit below minus 20. And more or less, basically since May, we've been pretty much going sideways here. So, and every time this market went sideways, if you notice the indicator kept going up. Okay. So that's the positive versus, we're pretty much right now, we're pretty much matching the late June, early July lows. Right. And so what I'm trying to say is, even though we're pretty much unchanged over the last month, this indicator keeps going up. Right. What we actually did today, I'm sorry, Tim, what we actually did today is pretty cool actually. We spiked the low of loss of June by 10 cents. It's gonna have light of volume and it rejected lower price. It rejected the 28.76. We went to 28.67 and now we're 29.15. The volume right now is only 10 million versus 17.5 million. So this is intriguing, right? Yeah. Yeah, it's pretty, especially, like I said early when we first came on, you know, the trolls are out, you know, and whatever. And so I'm thinking, this is probably, you know, if the trolls are really kind of mountain criticized, you know, they're using pretty good at picking I say turning points in the market. I like it. So anyway, but go back and actually look at the, this is a pretty good comparison. If you go back and look at the June or the 2016 low when it hit below minus 20, actually got lower than that. And as the market moves sideways over the next six months, that indicator went basically straight up. Same thing is happening. Basically all those stations I have circled and read did the same thing. What I found out, the rally really starts is when they both, or when this indicator, the bottom indicator up, down volume closes above zero. Okay. If it once closed above zero and stays above zero, that's when the rally really starts. And that's, and all of that blue to shaded area is when that indicator is above zero. So I don't know what, I don't have that number right now what that number is, but when I put this on earlier today it was minus 250, which is almost to zero. I see. And we're basically testing the previous lows of June and early July. So we could be looking at the low right here right now. A rough of dawn close to, it's not weeks away. It could be a, if the market rallies any at all from this point, most likely that indicator will close above zero, suggesting a rally will start. Yeah, they never make it easy in the gold market. There's no doubt about that, man. Yeah. It flipped the chart too. Okay. This is a lot shorter time frame. And what I actually want to point out, you know, there's programs out there that they call, I forgot what they, anyhow, what happened in the past happens in the future. And if you can identify padding recognition is what I'm trying to point out here. And I have a circled area back in late 2021. Yes. And I had a low area labeled number one in a high area, number two and three. And if you look at that pattern, we're similar here. You know, we had a double top at two. We pulled back, but kept above the previous lows of one. Yes. What we're doing right now. And we're having a bullish divergence, you know, as this indicators, those two bottom indicators both making higher highs as the SPs are making lower highs. These two indicators measure the up down volume and advanced climb. So it's kind of an internal strength indicators. It tells you what's really going on with GDX itself. So I'm thinking we're looking pretty close to a low in this vicinity. And if circled the one in early 2000 or late 2021 works out to be similar to what we're doing right now. Right. And the next rally should take us above number two. I see that. So I'm thinking this is pretty close. You know, they look really similar. And that's all that needs to happen. They don't have to, they have to rhyme. They don't have to match perfectly. Right. And I'm thinking these two patterns are rhyming right here. Yeah. Pretty cool. Time will tell. But you know, this thing to kick a kick in gear, I think, you know, a matter of days, you know, maybe, I don't know, maybe quicker, I don't know. Nice. So I wouldn't point that out. Okay. So then want to go to number three. Yeah. We can do number three real quick. We've got time. No, we get time. I'm going to keep you on another sector anyway. So that's, that's, because I want to talk about the model, the SMPs. This is going to be the SMPs we're talking about now, right? Yeah. Yeah. The SMPs. Well, last Friday I got it marked 1.79 on that trend. Yes. 440 down to green. When that happens, that's what I call a bullish combination. When that happens, market makes a bottom that day to as late as two days later. Well, if you notice that volume on last Friday had high volume. Yes. And he had a big spike in volume. And a couple of days before that, he had another big spike in volume that a couple of days or it'd be what, be Friday, be Wednesday, last Wednesday kind of failed because you're broken new low on basically increased volumes. But the volume really jumped up about 30% to just another exhaustion move. But the day of last Friday had panicked in the ticks and trend. And panic always happened at bottoms. So I was looking to get bullish on a test of Friday's low on lighter volume. I did this earlier in the day today and volume is going to be much lighter. If we rally too much today, you know, I may pass on that trade because the upside is basically Friday's high because that had high volume. And it's also last Wednesday had high volume. It's also a gap up there. Right. Those two high volume days, you won't test the previous high on a lighter volume. You can't get through it. Just stay right there for a second Tim. We're going to take a quick break. Right. Stay right there folks. Tim and I are going to be coming back because we're going to be talking about the S&P right now and kind of like the way the gap is on the way down and what Tim's thinking about that. We have the Dow industrials right now down 172. Nasdaq's off 127. S&P's are off 23. We'll come 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. For all the details and to start your subscription today, visit the front page of TFNN.com. 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 in 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. IoTeX is booming, but for how long? Whether you think the BioTeX bull has room to run or has run its course, trade L-A-B-U or L-A-B-D. Directions daily S&P BioTeX 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 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 Vistagold. Traded on the NYSE American and TSX under the symbol VGZ. Ryan! Welcome back folks. The Dow Industries down 140.90 at the Nasikov. 116 S&Ps are off 20. We're talking with our man, Mr. Tim Ord. We are talking about the S&P at this particular point. And don't forget folks, you can meet or you can reach Tim every trading day at odd-oracle.com. Yeah, so Tim, so I'm looking at this chart that you're looking at here. So let me ask you this, is that when we look at the high, so we have the high volume high. In this particular case, you're figuring that the gap is gonna be, now the gap's gonna be resistance, right? Is that correct? Yeah, the gap is gonna be resisted. At one point, that bearish engulfing pattern, that was July 27th, that bearish engulfing pattern. And it had a big, not a big jump in volume, but it was a good one, though, yeah, right. I thought we'd go back up and test that high. Right. And I don't think we're gonna get through the gap. If you look at those volume and those two days where that gap is, last Friday, we didn't have high volume then that Wednesday, where the gap occurred last Wednesday. Also, I had high volume. That's quite a bit of resistance there. Two days, not just one day, but two days. So, in my opinion, if you go up and get into that gap, it's gonna be on a lighter volume. That gap's gonna be resistance. Right, as Tim's talking about, folks, is that when we first had the gap, the gap did 93 million, then the second high volume day had 100 million. And yeah, let's say, of course, today we only got 57 million. It will sell the shakes out, yeah. Pretty cool how this is setting up, actually. Right, so we tested last Friday's low, which we said it had 100 million. And so, if you look at today's volume, we're not even gonna come close to that. And that's the reason why the market's rallying here, it couldn't get through Friday's low. So, if it can't take out the previous low with volume, it'll try to take out the previous high with volume. Well, the previous high is pretty much where that gap is. Right. So, or you can take Friday's high, which is pretty close to it. Right. So, if we go up there and test that area on a lighter volume, that's gonna be resistance. Right. So, it's kind of garbage. You know, if we keep rallying here on the clothes, I might pass on this trade. Only because there may not be enough room. You know, if you're only getting a percent out of this thing. I can see that. Now, I know what you're saying, right? Yeah, you know, then why take the risk, you know? Right. And here's another thing. From yesterday, we, to, yeah, yesterday, we created a gap, you know, we gapped up yesterday. But yesterday was Monday, we gapped up, left an open gap, and we're filling that gap right now. Yes, we are. And we're filling that gap on a higher volume. As you're speaking, I have the spy up, Tim. That's what I'm doing, okay? Right. So, I just changed shot just for a second, because the fill of that gap on the side of the spy would be 450.73, you know, we're below it right now, but that's what we're trying to do. There's no doubt about that, man, yeah. Right, so now you fill that gap on a higher volume. Okay, so now you got a little bit of a, you know, because if you test the gap on a higher volume of resistance, if you test the gap on higher volume, which for most of what we say volume, will be at least equal if not higher than the gap we created on Monday. So that means we could test it again. So it could be a little bit mushy in here, it's what I'm thinking. Right. You get what I'm saying? Oh yeah, no, I definitely do. You know what's intriguing, if I can just switch gears on you just for a second. If you go over to the cues, you know, the spy and the cues are set up differently. And if you go to the cues, which is so interesting, is that what's stopping them in like a heartbeat is the day going all the way back to, let me see what day this is, into the 16th of June. You know, we had 80 million shares there, the cues, that price point was 367.46. You know, yes, and today we made it down to 368, but you can see, you're talking 40 million going against 80 million. It's like, okay, man. You know, it's... All right, that's the, I'm kind of, I just got over there. You see what I mean? Yeah, it's a little bit. We're also running into the highs of June here too, which is sport area. Yes, no, yes, exactly, exactly. And so we broke a new low, a low-freedom ladder volume gap. There's a gap, yeah, there's a high volume gap there too. Yes, there is. On the last Wednesday. There is. Which is around 380 or so, that's probably could stop it if we ran into that gap on a higher volume. Yeah, I see that. Right. So it's kind of a mush market, and that's what we're gonna kind of deal with, probably over the next month or maybe even two months. I guess it's a garbage market. Yeah. So it's just gonna be, you know, the trending market, you know, when the big stays blow 17, you get a good chance of a trending market. And now the VIX is kind of rising, you know, it's close to 17 and stuff. So it's gonna turn into kind of a trading market. And if you stay too long on one side, you may get it eaten up a little bit. But hopefully we still get down, you know, we talked previously about that 420 area on the S&P's. I think that at some point before the summer's over that may be tested. And that's where the next, I think major biasing was gonna occur. That's 420 on the SPY's. So between now and then it could be a little bit rough, I think. So this is quite a rejection of low price today, for sure, man. And you have light of volume. I mean, the S&P's just rallied, what, 82? So you got 18, you got 38 points. We just rallied off the bottom, you know? Yeah. It's just, so I don't know, if it gets too close to that, you know, upside, the L might just pass on a straight end. Yeah. I can see that. Maybe get back down a little bit. Maybe get some more energy in the trend. You know, maybe try again and I don't know. Right. Well, particularly, I mean, because when I look at the SPY, Tim, right, it's still saying to me that we got a small ABC down, like the 442 that, you know, now it's turning into a complex one. Because, you know, last Wednesday, Wednesday, no, let's say, Thursday's Tuesday, you know, last Friday we took out a B point, took it out with volume, you know, like it'd be a 442. Yesterday it turned into a complex one. Now it's a complex one again. You know what I mean? So, it's going to get interesting here. I know you play options, you know. I wonder if you caught that trade this morning. Yes, I did. I did? Yeah. Are you still long? No, no, no, no. I caught the shot side. Okay. And I'm going to stop that. You're quick right now. Yeah, yeah, yeah. Right. So, but yeah, we're going to have to talk about that. Yeah, we're talking about folks as the one-day options. They're something else, man. But you better make sure, Tim and I have done hundreds of thousands of OEX options. And that's, this was, this was white light and spades out here today, Tim. Yeah, I could imagine. Yeah, OEX, they don't even buy, I don't think they even trade anymore. They don't. They don't, they don't, they don't. And the difference is, if you traded OEX options, folks, you want to look at these, because the difference is, there is, the spread is like a penny. You can get out of a hundred contracts on a spread with one penny. Two pennies are the most, which is unbelievable. So, you know. Got a lot of liquidity. It's a lot of a cool liquidity. Now, I only trade the spies. I don't trade, you know, they have the spies, they have the cues. I only trade the spies. So I don't know the, you know, but I'm sure, well, I'm not sure, because I only trade the spies, but liquidity is great. Tim, you have a great night, a safe night. We look forward to that, speaking to you on Thursday. All right, thank you. Thank you. Stay right there, folks. We'll come right back. We have the Dow, and that shows down 138, Nasdaq's up 98, SAP's off 16. We'll come right back. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights. Your key to successful, active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. 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. Let's go to William. William, what's going on, brother? Oh, not too much. Maybe Tim has already answered the question, but the GDX would be something bigger than what I'm looking at, which is Neumann Corporation. Okay. They came out with a horrible second quarter report. And I'm just wondering, can they build? What have they done to do that? I mean, it's a big company. Well, they have a strike that's going on in Mexico on one of the largest mines. You know that, right? Do you have it, maybe? No? Yeah? No. I see, okay, yeah. So what's going on in Mexico is there's a new law in Mexico and it's pretty dangerous, okay? So they have a strike going on. It's been going on for two months right now. And Neumann has fulfilled their obligation. I looked into like the numbers, right? But they're still on strike. So Neumann's filing something with the courts but we'll see how this new law is. What's happened is that the new president there is basically they want more money. That's the bottom line. So I can see how they made a lot less because let me see if I can find this here for a second. One second. Okay, so yeah, here it is, okay. So Neumann filed an impunity case against Mexico's federal labor court, said in the statement, centers to the union's allegations of non-compliance. Neumann said it complied with the calculation and payment of profit share and his prison law and the labor agreement. And that's a monster mine. That's one right here. So that's why, that's what does happen when you have labor problems, that's for sure. And they're not gonna go away quickly. Cause you get all like if you- Just go ahead and switch over to FCX. I don't think I would, no. I wouldn't. No? No, because Neumann's all here. What, let me do this quick for you. Neumann has spread out. See, which is actually better for you. One second. Revenue, come on, there you go. Okay, see, watch. United States, 24 million. United Kingdom, 8 billion. International, 3.6 billion. You know, they have plenty of other places. You follow on me? Have a great one, man. Have a safe one. That was a quick hour. Thank you.