 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. Okay, man. Have a great one. Have a safe one. Now, Tom O'Brien. Welcome, folks. This is Tom O'Brien of TFNN. We go five days a week. We go seven hours a day. We go 24 hours a day on the Internet at tfnn.com. Always remember, folks, whatever you think about, you bring about whatever you focus on gross. Hope everyone's having a great day, safe day. Let's make it a great night, folks. Be impeccable with your words. Seek to know the truth. When you hear an opinion and believe it, you make an agreement and it becomes part of your belief system. The only thing that can break this agreement is to make a new one based on truth. Only the truth has the power to set you free. Knock it wise. Let's take a look at it out here. We have the Dow Industries trading up 122. NASDAQ up 173. S&P is up 37. Gold. Gold contract up $26.30. Trade at $19.63 an ounce. You have Silver up a buck. Six at $24.35 an ounce. Lightsweep crude up a buck 17. Trading out at a price point of $76 flat. Notes and bonds. Ten-year note. Up one full point plus a tick at $119.09. The 30-year up a full point plus 14 ticks at $125.26. And King Gala getting smoked down $1,201. Ticks $100.530. The Euro at $111. The Yen at $138 and the British Pound at $129 to $1. U.S. Dala. Off-phone numbers 877-927-6648. Give us a call, folks. Want to know what's going on in your world and the world of the S&Ps. Let's take a look at them. What do we have? Okay, so we take a look. First, we're going to get into the futures for a second. Let's take a look at these futures. Come on, get over there. There we go. Okay, so what we had out here this morning is that you had the CPI commode. Bottom line was a light number. You got all the way up to the $45.23. We pulled back into the $44.97. And we can see that was the big bar. You had selling all the way down to the $44.98. Now, the top of that bar is $4408. So that's the one you're going to watch for the next 10 to 15 minutes. Because if we get into that bar again, it'll get down to the bottom. It's trying to hold that price point right now. You've got a slight expansion of volume, but if it gets into that bar, you're going to be down to the bottom of that bar. We'll test it once again. That's on the futures. If we go to the SPI and take a look at the SPI, what you're going to see inside the SPI, and talk about a nice call by Tim Ord. Bottom line is that when he did that workshop, he was saying, hey, we're going back to the highs. Well, here we are. When we take a look at the SPI, what you're going to see here is that we had a high volume high on the SPI. That high volume high was laid out at $443.60. Well, $443.60. $444.30 is actually the high. $104 million shares. Well, you get $57 million shares. In order to have a failure on price in volume, you'd have to get underneath that. Now, I don't see getting underneath that today. That's the bottom line. You're at $57 million. It'll probably do about $75 million. That's it. It's going to be a little tricky here. You do have an expansion, and let's see. Let's see. So $114 million. Yeah, $114.104. This is saying to me that we're at highs. That's my take on this, folks. We're at highs. You're going to see this back down, because this is three of them. See, one, two, three. And we did have a contraction on the last one, not by a lot. Small numbers. But this contraction today is going to be big. We're going to take a look at the NDX100, NQs. Now, the NQs let us down this morning also. We take a look at the NQs. Put the NQs up. You're going to see, with the NQs, the bottom line is that you made the high out here. With 14,000 contract, you came back up again with five. And at the bottom, we have 20. But you can see that 20. 20 was testing the big number. But the way that's set up is that now let's go. Let me get into the Qs, because I think the Qs actually missed the high by a few pennies. So the high in the Qs, 272.85. No. Yeah, no, we hit it. Now, this is what's going to get interesting. Yeah, see, the Qs can actually have a failure on price and volume, which is really intriguing. Because what you have here is that we got over the high. Right now, you're under the high. That right? One second. No, you're not under the high yet. But the high is 272.85. And if that's what we get, it's going to be subtle. But that'll be saying, OK, we'll see how they go on the downside. We go into the gold contract. Well, no, let's go to the dollar first. Because the dollar released. It's bent up. Bent up. Look at this, man. Look at this move. Let me pull this back a little bit further. OK, so the dollar broke. Just about broke. So the dollar, man, you know, if the dollar can't bounce at all, man, you're going to have all these markets going higher. Because the way the dollar is set up right now, look at this, man. The way the dollar is set up right now is actually, if this can't get out of here, the dollar is set up to go to 96. And we go to 96. Gold's going to go to the moon. The market's going to go to the moon and all will be above. Because you can see this is a straight line move down. You know, yeah, that is about as straight as you can get. There's no doubt about that. We go take a look at the GDX. The GDX is off the races. What do we have inside this GDX right now? You get wide price spread. You get volume. You get price. You get all of the above. GDX is on its way up to the swing of 36. Right now, you're trading 31.95. You can see that wide expansion of volume with 30 million shares. The swing point up there has 26 million. So that's a good setup, man. They're coming into that market and they're coming in gangbusters. Some of the higher volume equities out here. And right at this point, it doesn't look like we're going to have volume, folks. You have Tesla's up. Well, actually, let's do this. I do this every time. But let's go inside the GDX 100 first. So inside the GDX, you get Pinduodu up 6.5 points. As a percent, rather, JD.com up four. Aluminum up 3.7. Taken away from it. Lucid comic is down 10 percent. You got Zscaler off 5.4 percent. CrowdStrike is off 2.7 percent. Our phone number is 877-927-6648. We have the Dow. Dow Industries up 114. NASDAQ up 176. S&Ps up 37. Stay right there, folks. You're coming right back. 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TFNN.com Educating Investors Toll free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back folks to Dow. Dow Industries right now trading up 110 to get Banana Stick up 174. S&Ps are up 37. Let's go to Mike and Ashwin and Hancher. Hey Mike, what's going on brother? Hey Tom, how are you doing? I'm doing great man yourself. I'm doing good. Cool. Thanks for asking. I wanted to talk about MJ. I own it. I've been buying pieces of it as it's been coming down. Okay. I just want to know what you think about it. Let's take a look. So MJ folks is the pot ETF. The low for this year is 291, the high 669. Now this has been a mess folks in a monster way as all the pot stocks have. That being said, I mean yeah I think you're going to get a little action here. I mean that last swing point up there at 358 Mike is game. Yesterday you got some good volume in it. That swing that's up there has good volume in it. There's action there. I'd be really careful after that point. Well depending on what type of volume you get as you get up to that level. And more so for the reason that what has happened in that business is that we know it was a commodity business number one, right? And you know when you take a look at this folks, it's just amazing actually. It's like okay we all know it was a weed and you know like this equity went from 46 dollars down to who knows what 291. But you know what's also happening? I don't know what's happening up in New Hampshire but I suspect this is happening right across the country. And they just had a big article in the Tampa Bay Times with this. Have you heard about this Delta 88 by any chance Mike? No I haven't heard about that. Okay so what Delta 88 is if you go in your neighborhood folks I'm sure there's going to be these shops. What's happening they're all over St. Pete. There's a sign what does it say? Something about getting high that's the bottom line. Well there's a couple loopholes that are happening right now that evidently this Delta 88 is made from hemp and different states have different laws. But in Florida there's so much whatever the content of THC is let's put it this way they're getting around it that's the bottom line. So you not only have an aspect that you know you don't have to get a medical card and this article is saying that people are actually getting high on it you follow me. Yeah you know so there's a huge amount of competition man never mind just regular legal comp well I guess Delta 88 is legal that's the bottom line. But you know I don't think any of these are going to be like what all of us probably expected at the beginning. Do you know what I'm saying? Okay. But for trade I think you got something. Are you waiting in the sidelines now? Well no I mean you could that swing point going all the way back in April that wants to get hit. I mean you had good volume in this last five days. Yesterday you had good volume and again. I know there's legislation in Congress now is what's the safe banking loan that's what's going on now I think. I see I see okay okay but that's that and if that that would have happened I think you'd see a lot. Yeah well it's hard to tell man because you know they they made this legal for even recreational in New York and you saw what happened and now New York's a different animal folks because you know New York is so big you know once they made it legal every bodega in New York sells pot. I mean thousands of them like and they're not supposed to be selling pot man they don't have a license to sell pot so all the legal pot sellers are losing money because they had to basically pay a lot for their license. Do you see what I'm saying? So I think it's one of these deals man you know you throw a seed in the ground right and you know you know in Massachusetts right you can have six plants right I can have something. What about New Hampshire? How does that work in New Hampshire do you know? I don't know what the lot is yeah I don't know what it is. But do you see where I'm going with it? It's like okay you know if it's that easy to just grow it's like okay how people are going to make money on it you know yeah so. All right thank you. Okay man have a great one have a safe one and I know that's yeah if we pull up CGC this is uh see that's CGC. This was canopy this is canopy and you know the bottom line is that you know yeah canopies at 57 cents man I mean you've got to be kidding me I mean this is this is like something that yeah I was thinking that yeah yeah it is a commodity but the bottom line 57 cents that's down from uh 56 dollars and 50 59 dollars and who knows what the heck I forget what the constellation brand's bought it for but you know and at some point folks I think that what you are going to have is that you're going to have the you know there'll be a branding and that'll be good but hey guess what that's going to be a long time man so I'd be really careful in that whole business. Let's get the SMPs because what's happening is that this SMP wants to gun this thing because it just got into the bar let me see how many minutes we got here no you only get three minutes this is going to be interesting okay so with three minutes into a 10-minute bar you already have look at this yeah this cell on this thing you already have 20,000 27,000 contracts and that's about how he's talking about see once you got into that uh 40,508 that's saying okay down the bottom is game once again that's how this thing shakes out and now this is this is a monster expansion of volume for four minutes into the bar we just made a high with 13,000 contracts and we're only four minutes into the bar and you have 23,000 contracts so the the bottom bar has 41 so it looks to me like it's going to go after that bottom bar with probably around the same we'll see we'll see how that shakes out the nq's we hit the nq's so the oh yeah the nq's are even heavier look at this nq's you get 9,000 we made a high with five the bottom is 20 that's a little less cell in there four minutes 9,18 you're gonna you're gonna do about 20 though on this first bar so you can expect we're gonna get down to that bar and go after that bar that's the bottom line folks you know on it that's on the short term basis on the long term basis uh bottom line if you close it the lows out here today that is saying you probably gonna do a gap down tomorrow and that would also be saying is let's go over to the dollar for a second because that would be saying that the dollar did 100% move of a move and then you're going to get some kind of anemic bounce on the dollar let's do this txy okay so if we take a look yeah you'd have to get back inside what the 107.85 you're not back inside that yet but that's what you'd be looking to do you know so this is going to get intriguing no doubt about it and you know this is this is an amazing trading market really is because that the spike we were talking about the spike high yesterday you got a high spike high if you're trading out here this morning you saw exactly what's going on market was up both here you can just look at the s&p they took every stop out that was in that was in there look at this thing so it was already up before the number come out number comes out and they run it from 44.83 to 45.23 stay right there folks who come right back our phone number is 877-927-6648 we have that out now industrials right now up 59 as except 145 s&p is up 29 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 obrien 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 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the investor you were born to be tfnn educating investors tfnn has just launched their new trading room 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 and now they are expanding their reach with the tiger's den available to all tigers and tigers for just one dollar for the year there's no cash or added costs when you join our community of traders in the tiger's den you can look over the shoulders of tom o bryan and the other tfnn 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 tigers 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 this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com welcome back folks to DAO. DAO industrials right now up 77 you can ask except 154 SMPs are up 31 let's go inside the DAO industrials and take a look at the strength versus the weakness here and strength wise point wise what we have is this you have sales for us putting 39 positive points goldman 34 microsoft 31 and home depot 29 taking away from it united health minus 72 you get travelers minus 11 ibm minus nine and let's go into a couple of the big dogs because we're going to have that rebalance in which is going to make a huge difference on the 27th folks we take a look at apple apples up a buck 80 it's shaking everything off apple also has a high volume high so apple's not done the way down yet either that's saying that wants to get tested that's that that 194 48 is a high up high volume high we go to google google up 181 this could this could be a problem with google google that's a lot that's light volume we got to 120 96 today couldn't hold couldn't hold price that says it wants lower price i can see google coming down to this 108 now check this out this is important to understand also when the re shuffling is getting done matter is not going to get touched which is a total mind blow i'm not quite sure why is that's the case but matter is not getting touched so the high in matter is 383 it's coming up here with light volume you know we'll see how it handles the uh uh 338 that's the next next leg but for some reason matter is not getting touched they've already actually said that i believe it's going to be on the website let me just see this i think it's on the website tomorrow that's how i think this is shaking out so we get uh tesla let's pull tesla up next tesla's up three bucks 272 okay so this is this is having a high time holding price so that wants to go the other side of its consolidation which is 240 amazon let me pull this back a little bit more okay so yeah i can't picture him but i don't know how this is going to work with amazon because amazon definitely is not i mean the high in amazon is 188 we're only at 130 right now envidia envidia my god unreal yeah envidia wants us high again you're up 13 bucks 439 35 i see what it did it tested its high today that last high at 45 million we're already 40 million though so and envidia this is going to be interesting here i'm trying to figure out why what this is all about so envidia is pull yeah here it is envidia said to be in talks to help anchor the ipo of soft banks arm so for some reason whatever you know arm envidia when you when you have that yeah let me pull this up for a second envidia is in talks to join a lister investors in anchoring initial public offering of arm the chip designer backed by soft bank the group of ipo backers won't be finalized until the offering gets underway in the fall the party's on curling the current aren't currently close to a formal agreement said the people lost not to be identified the financial times reported that envidia was seeking to invest at a valuation of 35 to 40 billion lower than the 80 billion that soft bank wants look we talk about valuations and like how you put them you imagine that so soft bank wants 80 billion envidia is willing to invest the 35 to 40 billion oh my god that is something else and you know soft bank forget it man this is like a rerun uh for him going all the way back to 2000 when you know he was the big dude going up to 2000 um got wrecked and then you know bottom line just raised so much money took another 20 years to get wrecked again but the bottom line uh that's exactly what's going on let's go take a look at the xAU and the gdx because in both cases we're gonna have some juice out here today look at that juice man the xAU is up 659 you're gonna have huge volume yeah this is on its way i don't get the volumes until uh about eight o'clock tonight we take a look at the hui same setup huge the hui's up 1239 this game we're off to the races here man and that's going to say uh whether the dollar does even a you know a dead cat bounce that's telling me it's done nothing right now that's for sure um but if it does a dead cat bounce that's still saying that guess what this this gold market silver market is off to the races let's go take a look at silver actually yeah look at that movement 78,000 contracts look at that nice so let me bring this back further si one okay so let's put this okay so you've just breaking the downtrend today that's even on the weekly look at that yep so now we get silver on its way to 26 20 that's a weekly let me put this on a monthly for a second i see interesting yeah now this could get really interesting because on a monthly watch this this is almost a classic look at that on a monthly folks okay this wants to go to 30 56 and you can see what it did it broke top side this is a bad roll steal man broke top side comes all the way back to the trend line rejects it and then now you're off to the races again that's a good setup man that is a good setup so it's been a long time but the bottom line is that looks like it's on the way that's how this is set up right now you get the blow let's go to platinum ppl t and see what we have here i'm sure it's the same way because once the metals start going they all go platinum this is the ice the ice not the ice here the etf for platinum that right now is trading yeah that gap tire that's 88 you're inside the larger range yeah this is this is a good setup platinum's going higher too they're all going higher that's the bottom line and that's that's saying that whether we get a dead cat bounce on the dollar or not bottom line these metals want higher price uh dow dow industries right now up 103 and as except 168 s and p's up 35 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 tom yo brian delivers options and equity trades when the markets present them using a combination of fundamentals and 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Chapman and your inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear ETFs visit direction investments.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 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 to dow dow industry is up 107 naziq up 171 s of p is up 36 he's talking about wild folks okay listen to this you know we just had the the call about the weed and i was talking about new york right well listen to this this is unbelievable the headlines on bloomberg this literally just come across it watch this together you gotta see this man this is crazy new york weed stores that got raided by police reopened within 24 hours just a day after new york police and state tax agents raided two locations of the empire cannabis club the marijuana dispensaries are back in business showing the challenge of shutting down unlicensed weed stores on wednesday empire's chelsea location sandwiched between a vintage poster shop in chipotle just north of google's eighth avenue office was open to customers with air condition and hip hop filtering through the sleek store a clerk working at the dispensary sets thc products the component that gets consumers high had mostly been confiscated by authorities on tuesday but empire cannabis club branded merchandise hemp dog treats and cbc and vues after sun after some lotions were available he ended up business cards showing plans to open another location in brooklyn the chelsea stores one of empires joints rated on tuesday the other was a lower east side as the state makes good in a promise to crack down on part shops operating without state issues license dozens of stores have proliferated in the last two years since the state legalized possession and gifting of small amounts of marijuana but before they set up a regulatory regime to allow licensed stores to operate agents from the state department of taxation and finance arrived at the storefront and two m empire cannabis club owners were briefly detained according to the company spokesman for the governor the state declined to comment bottom line is to get the gist of it folks okay um you know even the the new york folks is so big that what happens is that the last thing they have to worry about is pot they have to worry about you know the streets getting hurt getting killed getting me and getting all these other things and that's always been like that by the way okay the bottom line is that you know if you want to get caught doing anything you want to get caught doing it in new york you know a lot because because it's such a large state and there's so many large things that actually happen that that's the bottom line uh empire has maintained that it's all legal because it's operating as a not well look listen to this oh my god this is a trip i'm glad i just looked at this again okay empire cannabis club has been one of the most brazen of the unlicensed dispensary billing itself as a chain with five locations in new york city the club has sophisticated website and presence on social media with twitter and instagram accounts the owners have been quoted extensively in the in the media new york city radio station hot 97 is promoted the grand opening of the company soho store storefront man oh man empire has maintained that it's all legal because it's operating a not-for-profit members only club it charges $15 for daily pass to enter at storefronts and a $35 membership um let's see what else the owners are saying they're prepared for it i'm not quite sure i don't know yeah i guess you operate a non-profit then just take all the money out in salary right they're claiming that we abide by all the rules got in line had to wait and uh we don't think it's fair that other people like to jump in line uh yeah that's this that's the that's what that is that's the folks who basically have the licenses they really screwed this thing up in the york that's for sure and guess what just it's the same deal i mean you know it grows anywhere right so and that the whole non-profit thing that's a whole different swing i don't know you know it must there must be something inside of the new york law that you know because could you imagine just imagine that you're not only selling pot you're advertising it and you're going on one of the biggest stations in new york city yeah okay so they have they have their problems no doubt about that let's go take a look at a couple of the other big uh gold stocks out here we go to newmont first we take a look at newmont there we go newmont busted got above all its uh resistance out here today newmont's on its way up to this uh 57 that 50 yeah 57 52 rather gold meaning meaning barric barric that got going to barric's up 75 cents that wants to get to its swing high let's take a look at a couple of the silvers yep ex-k that's up 10 percent over 10 percent yeah when these things stop moving they stop moving pa s same deal okay it's time to have some fun folks if you haven't got the gold report yet get over there because this is when this is when it happens whether you know this run we'll see how long this run is going to be but uh the bottom line once these things start running there's a couple of our folks are saying that the tiger's den you know hopefully we won't start getting these gold calls for another uh you know month i know we'll be shorter than that but the bottom line is you can see how long we haven't got gold calls it's been and i can see why there's no doubt okay because it hasn't done anything except basically going down you know meaning the equities also uh but guess what now you now you get action and you have let me just look at this for a second so i'm curious as to what yeah so you got a full with pe of about 23 and barric barric's going to take in 12.2 billion and bring 88 cents to the bottom line it's not a bad number we go to newmont let me take a look at newmont new ones got a 19 and a half pe oh that's 12.62 that's interesting here one second let me look at something 12.6 well barric is getting close to newmont i said gross sales which is pretty wild man and that's that's really that's quite an expansion for barric but that's and barric would let's go to copper because what's going on with mark bristol as far as he's concerned he wants to get into the copper business in a monster way so and this has to do with electric cars and everything so coppers were trading out that's up eight pennies right now 385 hg1 pull this back a bit this hasn't broken his downtrend yet but it's getting close oh this is on the weekly this is yeah so it's right here you know if we get it's not that one if we get another day of this will you very well may have some action here let me put this on a weekly again hg1 yeah it's it's right there you get another day like this then that's saying the copper will make the run that's a that's a good run 435 stay right there folks who come right back our phone number is 8779276648 now the industry is up 87 has like a point 61 s and p's up 33 will come right back are you looking for a way to consistently add winning trades to your portfolio tom o brian is here to help tom o brian has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC tom o brian founded tfnn over 20 years ago to help educate investors just like you tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are 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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 then hit watch tiger tv that's tfnn.com then hit watch tiger tv welcome back folks so down down just goes right now pv8 you get the magic up 165 s and p's are about 34 let's go take a look at uh how we're gonna finish off this day volume wise so let's see what we have we have you have the spy at 70 million it's not bad not great 104 is the last one yeah that's good that's shot volume that's that's definitely shot volume that's in the spy the cues now they get some 56 million yeah but that's going into 80 you know so you can see the the bottom line is that you know this thing's getting tired up here the thing it's amazing is that you know just look at how this is set up man i mean you know you only had a very shallow retracement you made the first high the second high now the third high um yeah and it's been a one-way move there's no doubt about that and you know bottom line you're coming into a softer part of the year now so i might might take you know i've been running this thing on the way up but i think uh this thing's going to get pretty dicey right now where we are that's how it seems to be setting up and if you remember um i get tim wood on tomorrow if you remember he was talking about the uh 27th going on to like somewhere in october is you know seasonally you know a lot less but not only that the 27th is the the uh reshuffle of the nasdaq and i think the 25th is the fed right the let me see so calendar 26th the 26th is the fed so this is going to get really intriguing always remember folks the bank and claw your hideout the bull can run you over and thank god there's always another trade health happy's in a prosperity have a great night folks have a safe night come visit tommy tomorrow morning kicks us off 9 a.m great show folks look at him folks