 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 Ben and San Jose. Ben, what's going on, brother? Hey, Tom, how you doing, man? I'm doing great, man, yourself? I just wanted to thank you and your team and everything. I've been using your technique with the 10-minute charts, watching the VIX, and just making a fortune here on the futures. Isn't it interesting? That's awesome, man. It's wonderful. Thanks, Tom. I appreciate it. OK, man. Have a great one. Have a safe one. Now, Tom O'Brien. Folks, this is Tom O'Brien of TFNN. We got five days a week. We got seven hours a day. We go 24 hours a day on the internet at TFNN.com. Always remember, folks, whatever you think about, whatever you bring about, whatever you focus on grows. Hope everyone's having a great day, safe day. Let's make it a great Halloween, folks. Woo-hoo-hoo. Always do your best. Express your own divinity. You don't need the acceptance of others. You don't need knowledge or great, thoughtful concepts. You have the right to be you and express your own divinity by being alive, loving yourself, and loving others. Mugging-wise, let's take a look at it out here. We have the Dow Industries up $126. NASDAQ up $59. S&Ps up $27. Gold. Gold contract down $10.60 trading at $19.95 an ounce. We have Silver off $0.42, $22.97 an ounce. Light Sweet Crew down $1.13. $81.18 a barrel. Notes and bonds. A 10-year note. Down two ticks, trading $106.05. The third year up four ticks at $109.13, and $king dollar. $king dollars trading up $526 ticks, $106.46. The euros at $105, the ends trading at $151.57, and the British pound is at $121 to $1 at US dollar. Off-phone number is 877-927-6648. It was called, folks, one note's going on in your world. In that world of the S&Ps, let's take a look at them. What do you have? Well, we get a bounce going. And, you know, thus far, we get the price going, but you don't have the juice behind it. So when we take a look at this, you're going to see, spies up $260, get 50 million shares traded right now. You know, yesterday we did 86, you know, so what we're going to do is take 65 or something. So when we take a look at this, the first place that you want to be basically looking at this is the 420 area. You know, you're a 418, 420s ice. That's where it came down to the swing point, broke the swing point, you know, had some juice on the break. Bottom line gets down to the low. Now, that low that was out there, that's a good low. What I mean by a good low, it was coming into the low that was established out here this past May. You know, so if we even take a look at this, we put this on a weekly, what you're going to see is, you know, I mean, it's a classic, really. You know, how it comes into this number. So we'll see how it shakes out. Now, when I do do this on a weekly, this gets kind of interesting. Let me see what that number is. That number's 458, and we did 487, yeah. See, this gets interesting, because when you put this on a weekly, you can see that's a high volume bar, man. And the bar that was going into, this is actually saying that this thing can get down to this 396. No, we've already been there, right? No, hold it, what is that? 396. I see, no, yeah, no, 396 is the high of the low. Yeah, 396. So it'll be interesting to see what type of follow-through we get. Now, what we do have is this, is that you have the Fed tomorrow. I believe, we'll pull this up right now, I believe this is just a one-day meeting, though. Calendar, November 1st, yeah, it's a one-day meeting. Okay, so what you're going to have there is that they start in the morning, they're going to have a news conference, they're going to have a statement at 1,400 hours, two o'clock in the afternoon, eastern time, and then at 2.30, they'll have the question and answer. And that will move markets. Well, it may move markets, let's put it that way. We're going to take a look at the queues. So the queues, they're up about 96. You get 38 million shares traded. Now, yesterday we had 55. Now, the queues can get 55. You know, that's kind of how the queues trade. That being said, the number you're going to want to watch in the queues is this, we're 351. Ah, it's interesting, man, it's right at it. This is right at it. So this is, when you get, you know, when you're looking at the indices, folks, okay, it's pretty cool that the queues are already there. The reason being is this. If we go higher tomorrow and we get through this swing point on the queues, your probability is that the spies are also going to go, meaning higher. You know, so the queues of the first ones are going to try to take it out. Now, that being said, the queues have been much stronger than the S&P. You can see they didn't go down to the end of May. They only went up to the, well, they went to May, but what ended up happening is that the queues are that much higher in May than the spy. Notes and bonds. We take a look at the note and bond market that's been a sideways move. More than likely you're going to see movement on those also tomorrow. You know, right now we've been going sideways for three, six, nine days, nine trading days. You know, you still have these lows. If we take a look at the interest rate structure on the 10 year, the high is 4.990 and we are 4.880. We go into the gold contract. We take a look at gold. Gold still wants higher price. Gold wants a 2129 level up at that swing point. You get, you know, sideways move out here down 10 bucks. You've been moving all around, actually. Low of 8, 1987, you get a high of 2017. And what that's going to be all about is that if we go over to the dollar and you take a look at the dollar, that, you know, the dollar bottom line is down 519 ticks. Now, as one of our tigers said, Peter, is that this is about the yen, but it really doesn't matter. Kind of like, well, it matters what it's about, but you can see the yen, the yen got weaker in an extraordinary way. And this is all about, you know, Japanese central bank and their yield curve, okay? And they just decided, hey, man, I'm going to make this thing weaker overnight. And if we pull this back now, what you're going to see when we pull it back is that the last high though that was established out here is 15195. That was established going all the way back in, what was that? What number? About November, 2022. And we're approaching that number. So more than likely we're going to basically hit that number and we'll see how that shakes out once we get into that number. You know, because what you do have is that the euro is flat, the pound is flat. Now, what's intriguing is that the yen is the smallest weighting structure inside of the dollar. But when you get the yen that moves that high, that totally makes a difference. The amazing part is that gold's not down like 50 or 60 dollars, because when you get a move like this in the yen that gets that much weaker. Most times that gold goes. So that's telling me this gold market is stronger than we all understand at this particular point. Because this type of move in the yen normally would take 50, 100 bucks, man. I mean, that's the reality. Offer number is 877-927-6648. We have the Dow. The Dow Industrial is right now is up a buck 20, and that's 665, S&P is up 27. Stay right there, folks. Come right back. Tires, every Tuesday and Thursday, Tim Ord joins the Tom O'Brien show to share his unique insight that he's developed over decades of trading. Now, on Tuesday, November 7th, from 4 p.m. to 5.30 p.m. Eastern time, Tim Ord will be hosting his own live webinar. Tim's analysis has been outperforming market returns by almost double, and his gold analysis is on track to be a winner as well. Tim will be delving into six secret ratios that every trader should know. In this webinar, Tim will be covering the daily TLT VIX, the daily and weekly SPI VIX, the American Association of Individual Investors bull bear ratios, and the trend panic levels. Tim will break down each ratio, how it is calculated, its importance, and how it can help you make bigger returns. It's as simple as this. Learn the ratios, trade by them, and see your returns. That's it. Visit the front page of tfnn.com today to sign up now. 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. T-F-N-N, 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. Call now, toll-free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back, folks, to Dow. Dow Industries trading up 112, get the NASDAQ up 59, S&Ps up 26. And you talk about a hit, folks, okay? So your National Realtor Association, plus Keller, no, plus Remax and Berkshire Hathaway, actually, no, Keller Williams and Berkshire Hathaway, they basically just lost a suit, check this out, about colluding to maintain high brokerage commissions to the tune of $1.758 billion. We'll see whether that thing sticks, but bottom line is that that's gonna be the, there's a couple others that are out there that I suspect are gonna do the same thing because they have so many emails and texts from these companies that they just bottom line are colluding that that's the bottom line. We'll talk about it though. After we get our man, Mr. Basil Chapman up as we do, each and every Tuesday at 20 past the hour. And don't forget, folks, Basil has an outstanding show here every trading day, 10 to 11 Eastern Standard Time, also a great newsletter, the opening call. Now it's very easy to get the opening call, folks. Come over to our website at TFNN, you go into newsletters, you're gonna see it right in the left-hand side of the opening call, you can get the opening call for one month for $149. You get it for six months for 6.95, which is a savings of $199 or 22%, and you get it for one full year for 11.95, which is a savings of $593 or 33%. Now they all come with a 30 day money-back guarantee, folks, okay? Basil has approximately 12 different archives out there. So once you sign up, you get all the archives, you understand how the Chapman wave moves through these markets each and every trading day. Check it out right in the front page of TFNN. Basil Chapman, what's going on? Hi, Tom, how are you? I'm doing great, man, yourself. Good, very interesting because this week's got a lot of challenges up and down, and we'll have the next one coming up tomorrow with a Fed. Yes. And we've got advanced micro devices coming out this afternoon. So I'll show you what I'm looking at here. Cool. So from the Dow high of the 1st of August at 35,679, using one of our techniques is using on balance volume. We went short that day. We remained short. We've had trading positions three times long, three times short, just small positions trying to use the Chapman wave methodology. What I was looking for was, and what I've said during my show on Thursday, going into Friday, that if Friday was very weak and Sunday night, the futures were very weak and we came in with all the news channels talking about how bad the market is and the market dropped very sharply on Monday. That was yesterday. Then we could get that V-shaped turnaround and that would be very important. I didn't see how it could happen because there are some areas that looked to me like they need a little more time before we make any kind of a major low. So I said we could have A low, but not B low. So instead what happened, the futures were pretty, not bad on Sunday night. And then early in Monday morning, the futures were up and we had that big move to the upside. So this follow through is kind of to be expected. So what I did for subscribers is we added one of the magnificent seven that we've liked for a long time. We've been waiting to put money aside that we could start to look at some of these positions that have held and show some kind of tenacity and they'll be able to hold. They will still keep a fairly short stop on the position. So we've started to look at long positions in what already have been core market participants. Now here's the other thing. The volatility index, yeah, there we go, yeah. The volatility VIX, I just, I've been typing in so many numbers today, I forgot the symbol. So the volatility index I had said should scream into the high 20s, the low 30s, and that would give us the signal. And look, the volatility went to 23.08 about eight sessions ago, and it's down again. So that's not really working the way it usually does. Even here at 18, the market actually should be much weaker. So all those, I mentioned in my show earlier today, and the time conditions are that all those icons, all those things that used to work with dollar up, yields coming down, helped the market oil. If the dollar was up, then oil would pull back. None of those are really working the way they used to. Even when gold was up and the dollar down, that was the normal thing, but now you've got something very different. So all those historical icons that I used to look at have different meanings. So within that context, one of the things that has not changed for me is that the SMHs, the semiconductors, even now they're up a dollar. They are really struggling. I mean, look at this chart. Look at that cup formation, 159, back in November, 2021. Plunges down to 83.49, that was in, I think it was March of 2022. Rallys up to 161.17, all-time high, and then comes back down. So you've got this beautiful symmetry between the cup formation and the plum line, the middle that I used as a price time match. It goes to you just barely makes new recovery high, then pulls back. So using the same technique that I used for the Dow on the 2nd of August, we went short the semiconductors via the SMH. 161.17 was the all-time high. We're short from just over 159. But look at this symmetry. Look at the way the price moved down. You see this daily chart, and then it goes up, and then that exact measurement of the blue line to the downside, the same angle. I love this. This uses the chapwave inside wedge and the arch formation to get to the same symmetry from the inside track repellent zone to the support line. And it holds right at this little dash, this little, sorry, narrow inside track propellent zone. Then it runs up and it goes to the resistance. In the green line, matches almost to the penny. And now the blue line is coming down, and we've almost matched to the penny to day's low. So the symmetry of this says to me that yes, you might get a little bit of a balance in the SMHs, but that's telling me that this market isn't yet quite ready to have the big move to the upside. So I consider that important. We are still holding that UEC. I mentioned to you quite a few weeks ago, Uranium Energy Corporation. We entered about 364, Australia now at 592. It's about, I talked about this inside track repellent zone. See, it's just bumping up against it here. So the things that have been working seem to continue working, and what has been struggling continues. So we're going to be watching, for instance, the TLTs trying desperately to do the bonds of desperate trying to form some kind of a base to balance. Haven't done it yet. Basil, what is the overall feeling that you get out of Metro Boston as to what's happening in the economy? So in the economy, people that I speak to, people just say, wow, whenever we talk about prices of anything, people just shake their head and they say, prices are out of sight. And the big thing is, especially people in my age group who have kids who have moved out, now they're free to do anything. They want the parents. And what are you going to sell your lovely house and move to a two bedroom or something that you're going to pay the same price for? They're going to get 5%, which have never been getting 5% for... Well, that's the other thing. This is only the first time that they started talking about the 5%. So that is important, absolutely yes. Interesting. Yeah. It's so intriguing because there's no doubt the high prices for all of us is a big deal. And then when you look at the growth factor in the economy, it's 5%. I say, okay, where is it? It's really intriguing, right? In general. Yeah, it's a good juggling trick, yeah. Listen, folks, you're over to our website at TFNN. Check out the opening call. Guys, I love a great one. It's a safe one we look for to show tomorrow. Thank you, John. You too. Thank you. Driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex Report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar Yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex Report, you also gain instant access to Teddy's 60 minute webinar archive. He just hosted forex strategies and fundamentals, what is behind the Tiger Forex Report. For all the details and to start your 30 day Tiger Forex Report subscription today, visit the front page of TFNN.com. TFNN, educating investors. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. 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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. Welcome back, folks, to Dao. Dao Industries right now trading up 116. We get the NASDAQ up 52. S&Ps are up 25. Let's get over to our man, Mr. Tim Ord, as we do every Tuesday and Thursday. And don't forget, folks, you can reach Tim every trading day at Ord-Oracle.com. And then our man, Mr. Tim Ord, he is going to be doing a great workshop for us, and this is going to be a week from today. Okay, if you come out today, okay, if you come out to the front page of TFNN, you're going to see it right on the front page. We're going to be talking about the six secret ratios that every trader should know, and we're going to be going through these ratios. We get the TLT with the VIX, you get the SPI with the VIX, we get the SPI on the daily, on the weekly, and then you get the bull bear ratio, and then, of course, the panic levels. So this workshop, folks, is starting at 4 o'clock a week from today. It goes from 4 to 5.30. The workshop is only $149, and you're going to learn things that basically, you know, I can tell you, not a lot of people in the marketplace have. That's the real bottom line. And if you want to basically bring up your probability of having successful trades, bring your risks down, and basically stay out of the market in a good amount of time, because those things have to pull together. Well, this is a workshop that you very well want to attend. Tim Hoad, what's going on, brother? All right, we've got some charts over. Actually, we'll start with chart one, I guess, which is the... or the top window is the SPI VIX ratio, which we're going to go over at the webinar. But we did get long Friday, and the reason why we did get long Friday was because of this chart. Okay. And actually, we were talking back in the April-May period, the bigger blue area on that chart. I got, you know, it's a light blue area. I want to talk a little bit about that. Everybody was kind of bearish around that April-May period. And the reason why I was bullish because of this chart, and if you notice the SPI, which is basically... well, it'll be the third window up from the bottom, was just going sideways there. Didn't really... Everybody think, well, that's testing previous high. It's going to be bearish. It's going to go back down. It's the next window higher above that is a VIX. And the VIX... you know, the market's going sideways and the VIX was going down. So it was going up. And the bearish side that was going down and Mark's going sideways, that means the SP's going to go up because when the VIX goes up, the market goes down. If the VIX goes down, the market goes up. And so the SPX VIX ratio shows that relationship, which is the top window. But that kind of breaks it down to how I stayed bullish through that timeframe. Nice. Then it worked out, had a decent rally. Oh, it definitely worked out. It's going long Friday. I like it. Yeah. Yeah. Well, Friday we're long again. And a little bit smaller... a little bit smaller deal if you go way to the right, it's a kind of blown-up window there. And you can see what happened. You can see the SP's going down into Friday. And the next window higher is the VIX. Well, actually it's making... while the SP's was making lower lows, the VIX was making lower highs, and so which is the top one was the VIX went sideways. So the VIX was actually going bullish, you know, in other words, making it going down while the SP's was going down. And to get those two indices going the same direction, you're going to have a reversal. And that's exactly what happened. That is so cool. Let me put this... I'm going to put this... There's a big VIX shot I just put up here too, folks. You can see what Tim's talking about. Yeah, that's intriguing, man. It really is. Wow. Yeah. So as long as that VIX keeps going down, so instead of watching advanced clients and all those other stuff, they still make life too complicated, which as long as today's VIX is down quite a bit. It is. It's down to all 75, right? Yeah. Right. And the SP's is up. That's exactly what's supposed to happen. Right. And as long as that keeps going that way, you know, you hold on to this trade, so I don't see any worrisome sign right now. Let me ask you this, Tim. I can see there's no doubt, you know, you nailed this nice coming, you know, rejecting lower price to a whole ball of wax. What do you think... So let me ask you this. You know, we're coming off this and it looks like the volume is dropping off pretty dramatically. I mean, we have the Fed tomorrow, so maybe the volume will pick back up. But where's your head on, like, volumes these days after you've... Let's say this is an intermediate bottom and... Right. You got an extra question. That's an excellent question. Actually, back in the day, you know, I thought, okay, you have a selling climax and you go into a buying climax and everybody related that to the volume. Yeah. And markets can go up on light volume because there's no sellers left. Oh, I know that. I know that from being shot. Well, I made the pass. Yeah. But instead of looking at volume, I flipped to chart four. Okay. And chart four, what's important here, volume's important, but it's not as important as advanced decline. Okay. And so even though volume's light on going up here, chart number four is the swagged breath for us to indicate. Okay. That's hard to say. Yeah. But anyhow, to get a bottom, you got to have a selling or a capitulation. Then you got to have a sign of strength and everybody referred as a sign of strength always in volume. Oh, volume can produce a sign of strength, but also advanced decline can do a sign of strength. So you can have either or or both. Okay. So right now we don't have a sign of strength in volume. That's a good feedback. And let me, let me ask you on this swag, you know, method. Breath fresh. Yeah. Yeah. So do we start counting again? Meaning because we don't have a sign of strength yet, but let's picture tomorrow we have the Fed come in and the market likes it. Then we get a sign of strength. And then we start counting what is it, 10 days again? Or is it a week? No, you start counting when this, which is the bottom window. First, you got to have capitulation on his leg breath thrust indicator. Get capitulation is a reading below 0.4. Oh, I got it. Okay. Okay. So last Friday, I think we had 0.38. Then we closed above it Monday. Now to get a brag thrust indicator, so the numbers of sign of strength, you need this indicator go from 0.4 to 0.6 in 10 days. I got it. 10 days is a week from, or two weeks from last Friday. Yes. So that's when you start counting. And yesterday we had a 0.43 on it. Now it looks like about 0.48 or so. So we got another week or so to get a swag breath thrust indicator. You can do it on this indicator, get a sign of strength. You can also do it on the summation index and actually you can even do it on the colon oscillator. So there's different indicators you can use, but the advanced decline indicator is a better sign of strength indicator than volume S. That's great to know. And that's my point. If you get volume with it, that adds to the bullish case, but you don't have to have it. Okay. Just stay right there folks. Stay right there Tim. And listen folks, in between this break, get over to our website. If you want to understand these ratios folks and understand how Tim looks at the market and understand probability, risk, ratio, reward in the marketplace. Come over to our website at TFN. A week from today is going to be an awesome workshop. It's only $149. Going from $4 to $5.30. Tim and I are coming right back. Stay right there folks. 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 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. In its course, trade L-A-B-U or L-A-B-D. 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, 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. This program is brought to you by VistaGold. Traded on the NYSC American and TSX under the symbol VGZ. Welcome back folks, Tim Moyer, Tom O'Brien. We do appreciate your time. Thank you so much for joining us today. We appreciate your time. Thank you so much for joining us today. And if you have anything else to say, please do so. And if you have any questions or other issues, please feel free to ask them. We appreciate it. We appreciate your time. And we appreciate your time. And we appreciate your time. And we appreciate your time. Thank you so much for joining us today. Ryan, we do appreciate your growl and prowl with us. And we had a question, and what the question specifically is, is that Tim's ratios for the webinar easily recreated in any type of system, such as think a swim, or are they proprietary ratios? They are proprietary ratios, folks, but the bottom line is going to give them to you, so you can recreate them in two seconds. Yes, that's what the webinar is all about, if you want to really understand how he looks at the market. Yeah, bottom line is that you're going to have the formulas, and it's more than just the formulas, folks, because what ends up happening is that you know that there has to be an answer and question period so you can really understand what you're looking for on a continual basis. So yes, you're going to have the formulas, that's the bottom line, and they are easily created, yeah, which is pretty cool. So, okay, so where are we here? Let's go to the fund, let's go to chart two. Okay. I always had, you know, you can't catch a falling knife, they call these falling knife markets and stuff. Right. I don't know, that's the term that people shot at me, I said, wow, what are you trying to do to catch a falling knife? Well, here's an indicator that a falling knife was when the markets just opened up and just goes right through the floor. Yes. So everybody scatters and they head for the exit, and what they're missing here is a great opportunity, but you have an indicator to catch a falling knife. You can't like, okay, that's close enough, I'm going to go in. Right. And you know, you get flat inside the head or something. Well, this indicator, well, so you know when a falling knife market is going on. And so anyhow, the second window down from the top is the BVIX, which is the VIX of the VIX. Okay. And it really kind of accelerates and declines pretty good. And so I put an indicator to, which is the bottom window, which is the ROC, which is rate of change on a three period method. So every time this rate of change on the BVIX is above 25, you're looking at at least a short term bottom. I see. So those red lines across there are when the ROC three period ROC of the BVIX was triggered. And so, you know, this last decline, we didn't get it, but it doesn't catch every signal, you know, like in that blue area coming off the top. Yes. There was really no panic. There was no acceleration of the VIX to the upside. So that's the reason why I think the market declined so much because there was no fear. Right. You know, the VIX is kind of another fear gauge of the VIX, though, but all these, you know, short term, you know, if you're an option trader, this indicator is good to know. Big time. Because you're going in knowing that you got panic in the VIX going straight up and panic always comes up bottoms. You got no panic, you got no bottom. And so, you know, so ideally you got to know where panic forms and how to deal with it. So this indicator, you know, last time we got panic was at the May 2023 low because the RLC got up to around over 40, you only need above 25. And that pretty much marked the bottom and marked them straight up. Yes, it is. Yeah. And another indicator that kind of helps, I usually kind of at least put two indicators to another's RSI, which is a top window. It's kind of just another aid of NAN when the RSI of the VVX gets above 70 or so. Okay. It kind of reinforces the RLC of three. Right. But, you know, these are excellent for option traders because options, you know, once you get a sign of weakness or, you know, you got to have, you know, right after you get a sign of strength. So if you don't get a sign of weakness, you really don't get a sign of strength. So in other words, if you're trading the dull market, your premiums on your options are going to go through the floor. I know. I know. You're just going nowhere. So you want to buy options in volatility. And this is a way to define volatility. If you look at all those trades, you know, you went through the floor, immediately you jacked right out of it straight up. And what Tim's saying, so pitch to this folks, I'm going to put this up here for a second so you can see how this works. So if you're in the option market, you know, bottom line, you do understand how this works, but I just want to explain it just for a few minutes for so folks can really understand this. So when Tim went long on Friday, so what happens is this folks, okay? So when the market's going down, just as Tim said, right, the bottom line is that, you know, the call option premium is basically going through the floor because people are buying puts. That's just how it goes, you know? So that the correlation that if you can get close to, you know, highs or lows, and it doesn't have to get close. You don't have to nail them. The bottom line is that inside the option market, you can make it up to the premium in two seconds flat because as soon as the market starts going higher again, the option premium inside of the whatever you're trading, in this case, the spy, bottom line gets fed in immediately. That's just how it goes, you know? So, you know, and what happens inside the option market, you know, you're only talking, you know, sometimes whether it's 10 or 20 cents, but that 10 or 20 cents is a huge amount of percentage. And then you wake up in the morning and, you know, the bottom line is that they get, they put premium back into them. So pretty cool, man, yeah. Right. Well, you know, for instance, that period, we talked about, you know, we had that May, you know, that be it not be that March, 2023 low. Yes. Well, you guys circled there and went to 40. So the market rallied up. And you know, right after that, that May sideways move. Yes. See, you would never want to get into a sideways move and buy calls or put, because all you're going to do is just waste your premium. That's right. The market's going sideways. So what this chart does, it picks out all the high volatility periods and gets you in and close to a significant low where your odds of winning increase significantly because you're not going into a sideways market. You're going into a volatile market that's, you know, slamming down. And so, you know, it's like a ball. You throw a ball hardly, you know, hardly down, it's going to bounce. And so you're, what you're doing is you're going into a situation where the market ball, I guess you might say, is slammed against the cement floor and it's going to rebound up. Right. That's where you're going to make your money at. So your odds increase significantly. That's my point up there. Yeah, no, it's a great point to Tim. You know, it's a huge point. And you know, if you don't trade options folks, it's still a great deal. Okay. But you know, when you have an option player, it gets even more intense because you don't have to, you know, go for, you know, bottom big dollars inside the option market when you're trading right now, because it's penny wide inside the option market and you can trade them every single day, which is pretty amazing. You know, the one day options have changed everything inside the marketplace, man. I mean, it's like, you know, what do you want? One day, two days, three days. I know you trade these, you know, those one day things, you know, this would be a great indicator. You can call me when, when you think something that I could, you know, we could talk about it. No, no, for sure. I mean, do you remember, Tim, in the 90s, we used to have to wait for white light in there. I mean, white light in folks would only be once a month, man, we have to wait all month, you know, for the last week. And you know, the bottom line is that, you know, it's totally different now. Stay right there. Tim and I are gonna be coming right back and come over to our website, folks. You can sign up for this webinar right now. It's next Tuesday, but you're gonna love it. That's the bottom line. Stay right there, folks. Come right back. Tigers, every Tuesday and Thursday, Tim Ord joins the Tom O'Brien Show to share his unique insight that he's developed over decades of trading. Now, on Tuesday, November 7th, from 4 p.m. to 5.30 p.m. Eastern time, Tim Ord will be hosting his own live webinar. Tim's analysis has been outperforming market returns by almost double, and his gold analysis is on track to be a winner as well. Tim will be delving into six secret ratios that every trader should know. In this webinar, Tim will be covering the daily TLT VIX, the daily and weekly SPI VIX, the American Association of Individual Investors bull bear ratios, and the trend panic levels. 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You have all those ratios, and you will have the formulas for the ratios. That's what this is all about, folks. You normally have the formulas for the ratios. Bottom line, Tim, we'll walk you through it and answer all the questions that you have. This is a fast hour, Tim, and it's blowing my mind, actually. So, which shot would you like to look at next? Let's just go to three. Okay. Just real quick. This is a weekly SPY in the bottom window. It's SPY VIX ratio. Okay. And there's a couple of different things on this chart. I put the Bollinger Band on the weekly SPY. And every time the Bollinger, or the SPY closes below the lower Bollinger Band, you're usually at a bottom. And we did that on Friday. And also when it closes above the upper Bollinger Band, you're at least going to go sideways here. But I was watching that on the close on Friday. What really got me along was the bottom window. The mark was down hard, and the SPY VIX ratio was actually sideways. It didn't go down. Interesting. I suppose it went sideways. Wow, that's some divergence. I'm sorry, go ahead. Well, no, that's some divergence, right? Yeah, right. Yeah, it's divergence. Yeah, you know, as the mark goes down, VIX supposed to go up, but this ratio, the only reason why I did the SPY VIX ratio, because if you do it the other way, running out, because the VIX goes up when the mark goes down. And so what that was saying, as the mark was going down, and the VIX was going down with it. That's the reason why that ratio went sideways. So you got to do divergence. And that blue areas, I've done it in the past. You can see what happened in the past. They all picked out lows. And then you had the Bollinger Band at the lower end. So that was your second one. Pretty cool, man. Pretty cool. Right, and that's why you got me along. I like it. I like it. Okay, folks, Tim, thank you so much. You have a great one, safe one. Of course, we look forward to speaking to you on Thursday. And folks, bottom line, you have a great night, a safe night. This was a fast hour, man. And don't forget, we got Tim right on the front page. Have a great one, folks. Have a safe one.