 Welcome 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 growth, hope everyone's having a great day, safe day, make it a great night and a great week folks. You are what you believe you are. Humans are powerful magicians. You have the power to make yourself what you are right now, but it's not your reasoning mind that controls your power. It's what you believe. Market wise, let's take a look at it out here. We have the Dow Industrial's down 150. NASDAQ is up 296. S&P's up 25. Gold contract on $25 traded at 1884 and ounce. It's silver off 54 cents, 24 dollars flat. Light sweet crude, up 88 cents, $93. Notes and bonds, the 10-year note, up five ticks, trading 126.14, the 30-year down five at 152.13 and King dollar. King dollar's up 885. Chick's trade in 9707. Euros at 111. Yens at 115.68 and the British pound is at 133 to one US dollar. iPhone number's 877. 9276648, 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 them. What do you got? We have some nice volatility out here folks. This is a great little market. Bottom line, we were at 410 on the S&P. Bottom line, it says, guess what? I don't wanna be here. I am up at 424 right now and we'll see where this bounce can go. You know, it's rejected lower price out here. Had, the volume's gonna be not bad. Not great, but not a monster amount of volume. NDX100, you gotta love this one man. NDX100 is up $18 from its low folks, okay? Bottom line, you hit 318 or 336. Now let me show you something though because this is what, I've actually talked about this and it actually hit the top of this. So this is what we have. We were targeting this 324 is the top, 297, 290 sale. Let's set this up because I gotta show you something. We're going a lot lower by the way folks. That's my take on this, but you get a nice bounce going, no doubt. Okay, so this high volume low out here, that goes all the way back to March of 2021. The high volume low was 324. We hit today 318 and it rejected it. Okay, so it was the bounce, that's the bottom line. That being said, let me show you this. This is gonna get really intriguing because this is where I think that this whole thing can go the next two or three months. I just pulled up the DAX, okay? So I'm gonna pull up the DAX. I'm gonna go back three years and when you do that, what you're going to see is that the DAX came all the way back to February pre-COVID, 13,795, back to the breakout area, my take, that's where we're gonna end up folks in this market in general. Gold, you're gonna love this, man. This is how gold loves to trade. Now, for all your metal bulls out here, this is when you wanna get serious about what do you wanna buy? Okay, so we had an ABC structure up, confirmed ABC structure up, that was up to the 18, let's see, 1946, that was the number. So we got 1976, right? Gives it up in spades and it depends on how long you've been in markets in general and have seen this type of action before. And I'm including, unfortunately, whether it's invasions, people getting bombs and all of that. This is a typical move on gold, that's the bottom line. And what you saw out here this morning, you could see that gold was up that high, but yet the gold equities, okay, were only up 20 or 30 cents. So, now the question is, they took it south real quick, okay? Bottom line, we'll see where this shakes down to. Right now, it's this 1856's game. You're talking about a spread out here today though, man, what a spread. Notes and bonds, we take a look at the note and bond market, what do we have with the note and bond market? Notes and bonds continue to want lower price, higher yield. Had it out here today, what do we do? We get up to 12712, gives it up in spades, bottom line, it wants lower price. And we go over to King Dollar. Would you have a King Dollar out here, bottom line of King Dollar, gets up to a price point today of 97, 735, the last high was 97,441, and guess what, that gave it up also. So, when we put this together, what that is saying to me that what you're gonna see here is that metal's gonna continue higher. This is how markets trade, folks, when you've got the big bad bear out here, and the big bad bear is here. And don't think, because you get a bounce like this, that it's over, and it ain't even close. It's not even close. You wanna see something that's, this part here, watch this, let me see if I can get this article, because this is an amazing, oh, here it is here. Listen to this. So, UBS, right? Basically Tring and Margin Calls today, I'm talking about large funds, folks, okay? They decided that, well, first off, most of these would be international, but I'm sure there's some of our own funds that are caught in this, okay? And what it is is that the Russian bonds that UBS had put together, well, as clients gave them for collateral, they marked them down to zero. They did that about five hours ago. So, the bottom line is, and it's 400, it's not that much, it's 450 million. Yeah, 447 million, but the bottom line, if you're one of those folks that gave up collateral, you had till the end of today to basically come up with that bread. So, there's gonna be ramifications out here, like all over the place. Now, bringing down to zero, I think that's pushing it, but the banks will push it in this type of scenario. Stay right there, folks, come right back.