 talk about some of the action include great day to have our man on teddy kegs that folks you can jump over to the front page of TFNN under the newsletters tab you'll see Teddy's outstanding newsletter the tiger forex report you hit the subscribe button it's $97 a month it comes with a 30 day money back guarantee folks we got a lot of time over the holidays were closed on Friday check out the tiger forex report and then under the services tab you want a couple great webinars man you want to really get into candlestick patterns check out his webinar there and also on calendar stock option spreads and I know we'll have some more webinars coming up with our man Teddy to but Teddy good morning happy early Thanksgiving how we doing this morning Teddy doing fantastic without a doubt happy Thanksgiving to you and the family and your dad and everybody in the crew as well man you as well how Chicago this morning what's the beautiful windy city like well you know what it's actually kind of a calm morning not too windy it's 35 degrees we're gonna get up to 45 so I may actually go hit some golf balls later on this afternoon those are you boys you got steel in those veins man hitting golf balls in the 40s I was up in Boston this week we were yeah we were I was very fortunate we were up there this past weekend and man it was 62 degrees on Saturday Teddy in the middle of November in Boston I had it made by the time we're leaving it was 35 and I said this is the cold I remember my goodness so kudos to you because I couldn't hit those golf balls in the 40s man let's get into the market can we kick it off with crude what do you I mean we got OPEC delaying things of course we've heard this morning crude pulling back last I checked we had a 74 handle what do you think of the action on the price of crude you know what I love it you know just the Tiger forks report nailed that market to this week we were looking for a test of support again and I like the area where it's at like right now I was looking on between that let's see what do they have it as between $73 and $70 I'd like that as a nice support ban so I think we could see a little bit of drifting in that area right now especially with the holiday markets and stuff like that but I think that's pretty much where we're going to start to see a bottom at you know like we're at this inflection point where oil is now coming on to the support area yields are finally pulled back they're hitting a nice little correction zone the dollar indexes did the same you know just like the yen bounced yesterday and the Swiss did so I think we're hitting these areas where we've been in a corrective phase going against the overall longer-term trends in all of these markets and we kind of touched that on that a little bit over the last week or so that we were coming into this phase and I think that we might have hit it yesterday so I'm not saying that we hit the low in on for instance like that the yen you know or in the dollar index and what have you so but I think that we're definitely probing that area we're going to find that little bottoming area as we settle into let the last part of the fourth quarter and if we could talk about the yen for a second and since you talked on that I know we got a lot of gold bugs of course and the yen of course gold trades off the dollar yen in among many others but definitely get some good movements pretty interesting how and I have it up on a weekly I was looking on a daily but you go back to October of last year so just over a year ago 151.93 I got for the dollar yen we just make it up to 151.90 within literally three pennies on my chart of that high for those gold bugs out there that might be following the yen are you looking for a consolidation for a certain period of time how do you try and maybe trade that I know there's no special you know ball but is it's been such a run up like this whole entire year almost from 130 we did get a little blip up to 150 is that just going to chop around for about digested could it pull back with it how do you try and look at something like that when you're dealing with a currency like that because boy that move has just been a rip roaring rally but we have now been flirting with 150 since almost two months ago September 25th we got to 149.70 the week of you know what that's a fantastic question Tommy you know especially of all the FX pairs the yen is is kind of set up for a big consolidation phase you got to realize that if the Fed whether they're done or not we know that maybe there's a quarter point still in them or maybe they are stopping well that's something we're to find out over the next couple of months so that they yield driving force of the US dollar yen trade is starting to wane okay so we've kind of hit that buffer zone is not much more for that to lift that market oil is in in a nice retreat to so as long as oil stays around this summer between seventy and eighty five dollars that's not giving any boost to US dollar yen so they could be pretty much kept out around this one fifty to one fifty one area remember one fifty is the target level for the BOJ to where they do not want the US dollar yen relationship above that so when we do have new leadership it took over six months ago in the BOJ and there's still some rumors that they may start to do something as over the next few months the one thing I think you have to really pay attention to with the end though is the BOJ though not about market actions but there's a lot of talk that they're very stretched so and if that's the case if it turns out that they truly are out of bullets that does not bode well for the US dollar yen relationship because then you could see where even if the dollar is in retreat versus most currencies you can see a US dollar yen relationship go up to like one seventy five one eighty you know and that's a big jump from where we're at right now now am I calling for that move no but if these rumors about the BOJ are true you know or and especially if the Japanese economy starts to show some really bad numbers then I would really watch out for that US dollar yen trade but otherwise if we take that scenario out if everything is not in that way I think we've hit that buffer point where one fifty one one fifty is pretty much where we're going to be at and we should start to chop around between this area like probably down to one forty five you know I have that as a big directional weekly and monthly pivot for that nice I appreciate that analysis man you talked about yields of course quite the pullback man we got the ten year under four point four right now I know you look at the thirty year as well we got a lot of people following yields of course I have it up on the ten year right now but what do you is this kind of a consolidation area as well of course the Fed is in focus but I mean pretty remarkable that the tenure itself six tenths percent in a month that we pull back I mean I know we just went from like three point five percent in May up to five percent in October down to four point four percent you looking for maybe a consolidation in yields you looking for more of a pullback where's your mind set on yields right now you know actually that's a very very good question I think you have to actually watch some of the bank stocks to actually know what's going to go on with that in the over the next couple of months if you look at some of the like look at northern trust or a couple other bank stocks they've been trending lower for the past few months you know especially with the way you know yields have been pushing such highs okay but over the past couple weeks they've been actually rallying so are they in a corrective mode is that because yields have been pulling back is obviously they're doing more business okay so I think you have to watch the bank stocks if you start to see a real rally in bank stocks then I think you're gonna see yields stay pretty much where they're at and they maybe even come pull back even some more but if you see the bank stocks start to go back to their lows and continue the bear trend then I'd watch yields and expect to see another another maybe not a hike by by the Fed but it doesn't mean the market's not gonna drive the rates higher you know so we have to watch the economic numbers and I really am hesitant to be calling a bottom in the in the third 30 year in the 10 year right now I would be very cautious about that one you know especially with global instability and things like that do I like the bottom short term yeah do I think we could be set up for a range trade maybe for the next two quarters maybe that's what we're setting up for but I be careful about thinking that we're gonna see yields really pull back a lot more you know I just I don't I just don't see that happening you know especially because the demand for banks for even money in CDs and things like that they're getting money right now which they hadn't had before so yeah we'll see great commentary man Teddy I appreciate the time as always have a great Thanksgiving with your family man and I look forward to talking to you next week you too Tommy take care okay