 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 Phil in Puerto Rico. Hey, Phil, what's going on? Hey, Tom, doing great. Just wanted to thank you guys and the whole crew for the best content on the internet. Really appreciate everything you guys are doing. We appreciate you growling a problem with us out here. Phil, how did you find us? I just typed in live trading in YouTube one morning. Cool. I was looking for any type of live trading room you guys just came up in. Awesome. I know the quality when I see it, but at least I like to think so. I mean, you guys are just a dream. I appreciate everything you guys do. Welcome to the Tiger Film. We appreciate you growling a problem with us. My pleasure. 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 making a great night, folks. Don't take anything personally. Ignore the opinions of others. Whatever people do, feel, think, or say, don't take it personally. Others are going to have their own opinions according to their belief systems. So whatever they think about you is not about you, but it's about them. That's a tricky card, man. Knock it wise. Let's take a look at it out here. We have the Dow Industries up 168. NASDAQ up 236. S&P is up 50. Gold. Gold contract up $20. 20 cents. Trading at $19.46 an ounce. We have Silver up 94 cents. $24.71 an ounce. Light Sweet Crew down 83 cents. $78.82 a barrel. Notes and bonds. A 10-year note up 27 ticks. Trading 109.29. The third year up a full point. Plus 29 ticks. That's $120.08 in Kingdala. Kingdala gave it up, folks. Kingdala down 164 ticks. 103.399. Now that doesn't seem a lot. 167 ticks. And it's not, but I'll show you why it actually, I'm saying it's giving it up. The year is at 108. The year is at 144. And the British pound is at 127 to 1 U.S. dollar. Offer number is 877. 92764648. Give us a call, folks. Want to know what's going on in your world. In the world of the S&Ps, let's take a look at them. We'll bring up the futures contract first. My take, we're going to run right into the close, by the way, folks, okay? Bottom line, what you have out here, you know, you climbed up, you know, we bottom line just had another pop-up right here. Your first pullback was, you know, about an hour ago. We just came in again with volume. This thing's going to go up. This thing wants to bounce. That's the real bottom line. If I bring the spy up, what are you going to see inside the spy is that you are going up and contracting on volume. That being said, you know, this baby, right now you're at 443, you're up 4.8, and you know, you've got 446, the like, 446 is the low of a high volume bar. So if we get some juice, it'll probably try to get into that, or it gets into the lows of the high, which is 451. That's how this is set up. Now if that's what we do, what, you know, what would end up happening is this, you can't do an ABC down, well, you can do it, but the definition of an ABC down is you don't do more than a 0.618 retracement. So if we do more than a 0.618 retracement, then what we're going to have is that you're going to have a consolidation with the highs of this spy being at that 4.70 and the lows being out here at that 4.33. Now that's a trading environment and a half, man. I mean, big time. That's inside the spy. We go to the notes and bonds. Now this is, we've got a lot of movement here, man, and I think we've seen a lot of turns. And my take is that the note and bond market have also bottomed. And I mean bottomed, okay? So, I mean, higher prices are coming at us, lower yields. That the yield probably topped out yesterday. You can see right here, we have wide price spread. You have accelerated volume. We have 2.3 million. You broke the downtrend in the 10 year. That's the same case. Guess what? We're going higher. If we go to the gold market, if we test driven the gold report, folks, you want the gold report, go do it right now. Just go do it, man. Because the bottom line is that, you know, the way that this had come down and the way that it was trying, you know, this broke the downtrend today. What it had done, it had come back into the match level, had dramatically lighter volume, took off like a rocket ship today when the dollar gave it up, has the wide price spread, has the accelerated volume. If you go to the GDX, you're going to look at them. They're all moving. And when they move, man, they move. You know, the GDX right now, you get the expansion of volume. You know, we made a low in the GDX, with 15,000 shares and 18,000. We've done 19 right now. You can see the break. The break is there, man. You get the wide price spread. You actually jumped the trend line, the whole ball of wax. And then where are we going? We're heading to that dollar. This thing, DXY. So we take a look at the dollar. What you're going to have with the dollar is that it spiked this morning. See, I checked this out, man. This was the most... The reason that you're hearing this in my voice, folks, this is the most deviant thing the dollar could have done. Meaning, you know, you heard me out here yesterday. I was looking for quite some time that, okay, this dollar, man, wants to get up to that next swing point, right? And then, you know, what we did is that we did a loss in golfing yesterday. Now, when we did the loss in golfing yesterday, the way that it works is that you have to close lower today. And so this morning, I'm looking at this market and I'm saying to myself, oh my God, I don't believe it's going to spike it. So it spiked it. But when it spiked it, once I saw it starting to come back, I says, oh, that is the most deviant thing it could do. Why? Because it spikes it. Number one, that means that if you're any trite, you say, oh, no, going to the next swing point, it spikes it, it gives it up, now it's going to be a confirmed loss in golfing. That's the bottom line. And, you know, the dollar right now runs everything, you know. So if the dollar continues to go lower, you're going to see that the market's going to get breathing room to go higher. The metals are definitely going to go higher. And the bonds, you know, we'll find out if that this is just a bounce on a bottom are, in fact, you have a real bottom going in. When I was looking at the mortgage rates last night and looking at the inflation numbers, the inflation numbers, inflation's over, man. You know, where, where, that's my, that's also my take. That, yeah, you're going to have some small prices, but the big prices, transportation, food, appliances, it's over. It's, it's, it's over. It's, it is. I, I do enough business that I know when I'm buying stuff right now. I just did a deal this morning and that's what really made me, it's like, oh, you got to be kidding me, man. The amount that I paid less, I mean, was extraordinary to the point of not 10 or 20 percent. We're talking about way over that number. It's always like, okay. You don't get those types of numbers unless inflation's, boom, it's over. Dow, Dow's up 154. Nasdaq's up 238. Four S&Ps are up 48. Stay right there, folks. We got our man, Mr. Basil Chapman coming up next because he's going to be doing a webinar for you right after my show. Stay right there, folks. We'll come right back. 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Subscribe to the Fibonacci 24-7 newsletter today TFNN.com Educating investors. Fibonacci 24-7 8-7-3-7-6-1-8 Welcome back, folks of Dow. Dow Industries up $158. You get an ASIC up $235, S&P up $49. Let's get over to our man, Mr. Basil Chapman. Basil this afternoon, folks, right after my show. Four o'clock. Four to five-thirty. He's going to be doing a subscriber webinar, but it's very easy to be a subscriber of Basil. You're going to be coming over to our website at TFNN. You're going to see it right under featured content. You hit the subscribe button. You can subscribe for a month, six months a year. It's a 30-day money-back guarantee that gets you into the webinar. The webinar is going to be an hour and a half. Basil is going to be talking about the power of the 914, 9 over the 14 moving average, other indicators as well as the Chapman wave methodology. And he has a huge amount of other archives that are on there. So go check it out. We're going to talk to Basil right now and he couldn't have a better market. And then the NVIDIA is coming out on top of this after the close. Basil Chapman, you just hit it here, man. You seem to always hit it, man. Even though we announced these a week to two weeks ahead of time, man. There's certain time cycles. We'll see exactly how this one works out. But you know what's fascinating, Tom? You were just talking about, Gold, you were talking about. Let me just show you. I'll just do a quick preamble here. Just to say where we are for subscribers to my opening call. We went short using a particular, one of my technical tools right at the exact time on August 1st, we went short the Dow. We have Core Longstall from October of 2020 and the low of March 2020 and October 2022. So this is a kind of a trading vehicle right now. Using the same techniques, we went short the kind of aggressively. Now we've lightened that up a little bit on the semiconductor at $161.17 was the high. We went short just over $159 and we've got the three times short. So we've got our stops in place. We've taken really nice gains off there, ready for anything. So I just wanted to give that as a preamble. But within that, for subscribers, I like to have stocks that are priced in the single digits and double digits, triple digits. At a certain point I'm prepared to go for the higher price stocks and at other times I'm saying, of course, this is go from the lower price on this pullback, we've got a couple of lower price ones which are actually doing very nicely in this environment. So with that said, I'm going to be looking at the different sectors and I'm going to be, let me give you the chart right now. There it is. So it's the power of the 914 EMAs. So just as I talk about this, I'll show you each one of these techniques. Look, the 914, I've been talking about for about a week now, I've been talking about crude oil. Let me just get rid of this right here and I'll go to the chart that I need. I've been talking about, if I can find it, I've got all these different charts getting ready for it. There we go. So this is the chart that I wanted to show you. This is the crude oil. I've been speaking about, you're talking about deflation. So I'm talking about the crude oil, which is I talked about this a couple about a week ago. I said, you're not crude oil starting to falter. And there it is. Today, the 9 period was closed negative. So that says that there should be some pullback in crude oil. That's one of the indicators I'm using. And I'll go to the chart just so we can talk about it as you have been mentioning about deflation. Look, here it is. So crude oil gave a peak F in the Chapman wave. It's now getting heading for the 200 period moving average of 77.16. Talk about the 200 period moving average. Look at the euro-dollar right on the two. It didn't even know the 200 was there since it ratted off it in June of this year. It ratted all the way to one point, almost 1.13. And here it is just kind of bouncing off that level. Look at the power of the 9 period moving average for the dollar. It's like a magnet. Every time it goes above it, it can do it for a little while. And then it struggles. Look, it went above it back in May into early June and then it plummeted. It's above it now and it's struggling a little bit. So you're absolutely right. So I'm using these techniques and I'm looking at the different sectors, different stocks going through the stocks and our portfolio to say, where can we add we just added back to one a couple of days ago. It started to act quite nicely and that's really important. So this is a perfect time in this big pullback we'll be looking at the gold sector absolutely because this is a really big move up in gold. But gold itself is not quite as good as silver. So I'll be explaining what I'm looking at. Look at that powerful move in silver off the 200 period moving average. So it's really important that I look at all these different stocks and ETFs are different sectors and say, hey this is what's happening now and even if there's a really big pullback because maybe Nvidia doesn't give everything that everybody's expecting and we actually pull back tomorrow. There are certain stocks and sectors that are starting to try to form a base and that's really important. So I'll be talking about it's absolutely relevant to this particular market at this particular time using all the different indicators that I have. Some of it's very simple and some of it's a little complex so I'm going to try to make it as simple as possible. I've got it all ready at four o'clock no matter what Nvidia does we're all ready for whatever presents to us. And folks it's very easy come over to our website at TFNN you're going to see it right in the featured program the opening call subscribe the webinar. You just hit subscribe bottom line you can subscribe for one month for $149 six months for $695 a year for $1195 that's a you know the six month and a year big discounts folks. The bottom line it's a 30 day money back guarantee you've committed to the workshop you're going to get a great newsletter and if it works for you awesome if it doesn't work for you guess what you can cancel in 29 days and you've also still got a great webinar got some great education understand how the market moves. Basil you have a great one a safe one of course we look forward to the webinar in 45 minutes. So do I thank you very much. Thank you. Have a great day. Okay have a great one have a safe one and let's go that let's go right to Nvidia man because this is going to be rocking and rolling man that's and when you see these numbers so first way do you see these numbers folks these numbers I was looking at these numbers today revenue wise so Nvidia plans on taking an 11 billion dollars well they took an 11 point that's in 90 days they took an 11.7 billion dollars in 2019 the whole year they plan on bringing two dollars and seven cents to the bottom line well they in 2020 they only made a buck 45 so they're talking about some monster numbers okay so now let's take a look at the equity okay now when I look at this equity I know it's high but I'm telling you this to me okay so your last high here got up to that's a four what is it four God I can't believe I can't read that first I think it's 480 the 480 yeah it's 480 so that volume there had 72 million yesterday we did 75 right 72 77 was the first high 75 is the next one you do something like that that's telling me that you know what this is going to blow the numbers away again and I know it's a mind blow man because particularly if you heard Kevin Hinks today on Tommy's show at this number so put to this at this number here and video is trading at 233 so it's 227 forward earnings right now and the average is 73 but guess what it always depends on how much you are growing because you take the growth away from your PE to get what you actually you know paying for but it looks to me like it's going to do it again which is a total mind blow let's go let me just look at this I'm curious as to yeah there's only 1% positions but I bet when we take a look at the put calls well I know when the put call ratios they are running 8 to 1 today on puts so that's another situation that you're going to probably pop stay right there folks who come right back attention traders and investors are you ready to elevate your game in the stock market on August 23 join Basil Chapman the mastermind behind the renowned Chapman wave methodology and a subscriber exclusive 90 minute webinar from 4 to 5.30pm eastern dive deep into the secrets of the 914 moving average to code market turns and get a head start on the stock outlook for September and October the golden opportunity is free for all opening call subscribers and if you're not on board yet as a subscriber here's the deal new subscribers get a 30 day money back guarantee zero risks all rewards so what are you waiting for visit the front page of tfnn.com now and secure your spot tfnn educating investors 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 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 don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv welcome back folks right now trading about 172 you get the nasdaq up 236 s and p's are up 50 so we're gonna have a couple double bangers here folks okay the first one is gonna be after close tonight and then okay of course then we come into Thursday right so whatever the video goes tonight is gonna basically bring the chip stocks and the NDX100 where it wants to go tomorrow that's the first one the next one is gonna be at 10 o'clock in the morning on Friday because that's when Paul is gonna be speaking from Jackson Hole so there's some real action out here man the next couple of days in a month's away let's get over and take a look at the silver market because we were talking about silver yesterday and the difference between gold and silver is that silver was stronger because what would end up happening is that silver had rejected its first swing point not the second well sure enough we got out here today you get 30,000 counterattacks you can see the move in silver and that I've actually it might be the first time most of their time they move together totally and silver can get destroyed more than gold this particular time it didn't and the volatility in silver is always more volatile than gold so we've done 30,000 counterattacks if we go to the SLV what you're gonna see is that you also have the pickup on volume the wide price spread all the above you can see a gapped higher in fact what you can do here this is where this gets interesting you can almost say this is an island bottom you can see what happened here you get a window here that's what Steve needs to call them gaps gap down, gap up there's your island bottom the bigger the bottom the higher you can go and you can see the expansion of volume out here today we made a load out there with what is that 20? no it's 10 million we made a load of 10 million shares you've done 22 today this thing, you know and then if we put this on a weekly what you're gonna see here is that the bottom line is that it came to the bottom of the consolidation now we're gonna go to the top of the consolidation and the top of the consolidation on the SLV is running up there about well you get another couple bucks and we'll see what happens there my take is that we're gonna go a lot higher than that but we'll see what happens up at the top of that consolidation we go to the GLD and we take a look at the GLD you're gonna see the same type of situation you gap tire you have the volume behind the move we get 6.98 million which we needed okay now this one gets really interesting and this is notes and bonds if we go to the TLT what you're gonna see is that the TLT also has an island bottom okay so this is gonna get really intriguing because it's like okay you know my take right now is the TLT we're trading out at 95 this thing is gonna stop making its way back up to the we broke the downtrend with conviction this is saying it's gonna make its way back up to the 102 right now at 95 if that's what we get we take a look at this right now at 4.19 now we topped out yesterday well we'll find out whether we topped out but the high was yesterday and that was 4.338 and then if we go to the 30 and we take a look at the 30 excuse me the 30 is up a full 2 points right now that also has wide price spread nice volume coming off the low and you can see breaking with conviction is a whole different animal you know so this is saying that this wants to run back up to the 127 now let's do this let's see us 1 okay generic generic that's the one I want and let's just see what this actually came into okay so we put this on we gotta put this on a monthly way back I got a 25 years yeah I see it did man this is so cool look at this we did this so the last low was 117.19 this low was 117.30 and that last low was established almost a year ago let's say 4.8 yeah it was a year ago that's exactly what it was 1 2 3 4 5 6 7 8 9 10 11 11 months ago so you tested that in fact if I go like this let me see where can I I probably can do that in the TLT pull this back so because I suspect the test is going to be on light of volume okay I'll do a 3 year weekly yeah I know it is because I bought the TLT this one so I know that okay so picture this is what you're coming into $129 million right on a weekly well even we've only done $74 million you know that's going to be a rejection of lower price at light of volume and you can't bust them down you're going to bust them up and in this particular case we'll see whether it's just going to be the top of the consolidation because the top of the consolidation inside the TLT is that 109 you know break out of the consolidation and make up to the next level there's so many cool moving pots right now folks it's amazing now the wild card is still going to be this good old US dollar because we have with the dollar you know you still have highs with the dollar that being said we take the dollar we pull it back a bit what you have is that what we actually have here now this is what's really a trip now the dollar has been on the move as gold has gone lower right but what we've actually had is free lower highs and two lower lows that's a downtrend so it's going to be intriguing here is to see I mean look at this you never think this is taking out because of the fact that we have been up so you know we've been up on the dollar you know that's like two months in a row straight up but when you look at that technically it's hey man you got a downtrend happening here so my take is that we do the XAU the HUI it's always it's always fun when it runs man let's put it that way so the XAU HUI did the same thing you're going to take a look at this yeah we'll go through it all you'll see that the contraction of volume was dramatic man XAU we're doing that first yeah the XAU you're going into 45 million and you did 18 like really yeah the gold and what we are going to have today we're going to have an expansion of volume by the way if we go to the gold bugs index do the same exercise you're going to see the same type of setup we're going into 36 million and you did 11 and then today's going to have volume you can see the decisive move out here and all you do is you can see the break with volume and that's saying that we're 224 gold bugs index on the way to 255 now right now trading up 179 as except 235 S&P is up 51 stay right there folks 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 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 the 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 possible loss of principle 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 tiger's for just one dollar for the year there's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN.com this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ welcome back folks down industry is up 189 as except 239 SAPs are up 52 let's go take a look at foot blocker this is pretty intense and we'll go to dicks after this because you get foot locker the low is it right now 1484 the highs 47 and you know evidently we're not wearing sneakers anymore but what you have here what I really want to show you is you get two gaps two monster gaps last time they came out with numbers stock and gap from the 42 level down to the 24 this time we went from the 24 down to the 14 now let me bring this back a bit because these things come in freeze folks I asked is blown away it's blown the lows away let's see that's 1746 has blown the lows away we are going to bring this back further now I just brought it back 15 years okay and has volume so this sets up a disaster man this sets up like 14 if this gets into $14 and 70 cents this thing can go to a buck now go to $3 $3.50 now let's go to Nike well actually you know go to Nike and then we're going to dicks okay so if you take a look at Nike you can see you down to we put this on a monthly we have to go way back but Nike has a high volume load that hasn't been tested yet so take a look at this put this on a monthly for a second okay so what you're going to see is that the last time that we came down right there it stopped at the high volume bar which would be yeah I could stop again though because this what's going on with Nike so check out what's going on with Nike so the last time it stopped it had volume there on a monthly of 286 million and we're 130 112 right now so more than likely it's not going to go all the way down to the end it's going to do the same thing it's into this bar the bar is a monster it's 94 the bottom of the bar is 52 and it rejected it last time but it got into the bar it got into the bar by a good 25% I suspect this one will probably get into it also it hasn't into it yet though this one actually might reject it at the 94 level that's what this is looking like actually that you get a rejection at the 94 level if you're into Nike that's the place to watch next now look at this Dix Sporting Goods gave up I think three years in one day meaning three years of gains in one day look at this, watch this this is like amazing actually I bring this back is that three years yeah well two years two years in one day now we have a Dix and when you look at a Dix it's going to be this wants to go to the highs of the lows that's the next stop we're at 110, 102.95 the number, you can see that volume it's a monster right so we'll see what happens when it gets down to that level but that is one and if you talk about Alastin Golfing Man that is like an extraordinary I gotta put it on a monthly for that let me see look at it, look at it that's like insane that's like total insanity man that is one monster number there's no doubt about that it's amazing to me how fast it can get destroyed there's no doubt about it and that's why this Nvidia thing is going to be so big after the close today there's no two ways about that it's going to be just for a second because take a look at a few of these so the SMH is that had volume yesterday in the way up you don't have volume at the highs though let's see what the weighting structure is inside this thing Nvidia is 20% it's a big number there's no doubt that's a big number so this is definitely going to be a big announcement after the close if we go into the Nasdaq composite and we take a look at the composite what you're going to see is that see this composite that's quite a movement I can make the case on the composite too that this also broke the downtrend now it doesn't have the volume but you can see the price spread this is like saying okay the high in the composite is $14,496 but this is saying we can go to $14,370 you can see that that's the decisive break that would be the most deviant thing the market can do by the way folks you crawl all the way back up there and if we do then what you have is this, you have the consolidation and it's a monster consolidation and if we take a look at this what you can also see it's probably still you almost did a .38 to retracement that's a pullback in a market that wants higher price what that's giving me more confidence in is that the dollar will keep going lower and interest rates have peaked out because what will end up happening if Powell comes out and is dovish at all on Friday you're going to see this market take off like a rocket chip like a rocket chip because picture this the market took off even when interest rates were going up so you can imagine what the heck is going to happen if interest rates are flat that's a pullback I know it sounds bizarre but the bottom line it is what it is and that's the way it seems to be shaking out that's the way I'm looking at it right now yeah so it's going to be pretty cool just watching the whole thing shake out let's go take a look at oil so we take a look at the oil market here so oil did 355,000 contracts let's see if we broke a B point let's see if we broke a volume yeah we did except that's not an ABC down the reason it wouldn't be an ABC down is this is that you came down but then you popped higher last week with high volume and I did break the B point but that's not an ABC down because the bottom line is that you have way too much volume on the trend higher so that looks to me that the higher prices are still coming out of that market Dow, Dow Industries up 194 you get the Nasdaq up 231 don't forget about Basel's workshop folks going to be a great workshop just come over and sign up for his newsletter comes with a 30 day money back guarantee the webinar is going to start at 4 o'clock go to 530 and don't forget that what also happens folks if you can't make it live it is archived so you know take a look at it anytime you want stay right there folks 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 season 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it'll probably do around 750 now let's look at the NASDAQ though the NASDAQ is going to be the number because of NVIDIA you did 4.3 billion yesterday you're at 3.6 right now it's going to be a close call on the NASDAQ then if we go to the cues let's go to the cues for a second because no matter this is where it gets always interesting on the cues particularly so what's going to happen here with the cues weather and video goes up or down the volume is going to go up today so that is also saying that guess what we're going higher we did 40 million already yesterday you did 45 because of the NVIDIA itself so picture this NVIDIA does good cues go up NVIDIA does bad the cues can go down ASAP but the volume is going to go up and so either way this is what I love about time in the trade because either way that's also giving another indication that the bounce is still on and if we do get volume inside the cues then what that does then what that does is saying hey man you know it's going to be close to the top to the game and that is about the most deviant thing the market could do and you know the market's job folks it's take the most amount of money the most amount of people and the least amount of time and the market is about the most efficient mechanism that I've seen in life that can actually do that talking about Basil's workshop going to be a great workshop and I always remember folks the bank and Chloe hide out the bull can run you over and thank god there's always another trade health happens in prosperity have a great night folks have a safe night come back and visit Tommy tomorrow morning kicks us off 9am great show going to be a lot of action tomorrow morning going to be a lot of action thanks for watching