 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. Hey, Robert, how are you doing, man? Yes, thank you for taking my call. I wanted to let you know that I've been a subscriber for a couple of years, just different members of your team. And I really enjoy it. But really, the reason I'm calling is to express my sincerest gratitude for you for providing that information yesterday on the small business grants. I'm a small business owner, primary bread winner for my family. And if I can get that money, it's going to really lead a lot to my family, so thank you for taking the time to do that. No, listen, man, we appreciate you growling and proud with us. Now, Tom O'Brien. 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 grows. Hope everyone is having a great day, safe day. It's a TGIF, folks. Let's make it a great one. Happy Father's Day to everyone out there. Let's all go have a good time. Cultivate wisdom. You don't need to accumulate knowledge to become wise. Anyone can become wise. When you become wise, you respect your body, you respect your mind, and you respect your soul. When you become wise, your life is controlled by your heart, not your head. Market wise, let's take a look at it out here. We have the Dow Industries right now trading up 182. NASDAQ 168, SAP is up 20. Go contract trading down $13.30 at 18.36 an ounce. With Silver off 32 cents, $21.65 an ounce. Platinum down 20 bucks, 9.30 an ounce. Light Sweet Crude off $8.51 cents, $109.08 a barrel. Notes and bonds. A 10-year note, up 12 ticks, trading $1.1606, the 30-year up a full point, plus eight ticks at $131.21, and King dollar, look at his baby, man. King dollar, up 173 ticks at 104.705. Euro right now at a price point of 104. Yen 134, which is about 135, and the British pound, $1.22 to one US dollar. Our phone number's 877-927-6648. Give us a call, folks. One note's going on in your world. In the world of the S&Ps, let's take a look at them. What do you have? Well, bottom line, you got a sideways market out here. So I expect what you're gonna see. And there's nothing gonna be heavy like yesterday, folks. But more than likely, you're probably just gonna turn red, slightly red. Because see, what we had out here this morning, oh, actually, hold up, is that? Well, here, one second. There's, oh, that's yesterday, right, okay, cool. But that's what it's going after right now. Okay, so this is what you have. Yesterday, no, no, no, I got the wrong one up here. That's what's going, I knew I'm looking at the same. No, this is not where it's at, because what had happened this morning is that we almost did an ABC structure down. And I suspect that's gonna happen probably Oh, 39, one second, hold it. If this broke it, no, I don't think it broke it, one second. 42, it did. Okay. So what we have is this. We actually came down, what time was that? At 10 40 this morning. And we actually did break a B point and we have the volume behind the deal. Now, my take is that we're not gonna get down that quick. The reason being is that what happens is that when you come down as fast as we did yesterday, folks, it's really hard to get two or three days of those getting together. That being said, I think what you'll see, you'll see weakness coming into the close. Bottom line, we're up 16, now it could be flat. The problem is on a long term basis, meaning Tuesday, Wednesday, Thursday of next week is bottom line, you have broken this number. And you got juice on the break. So that's another ABC structure down. And it's a very large ABC structure down. When we take this, yeah, I'll do it in the, well, I do it, let's see. I'll do it in the next break, that's what I'll do. But it's a big one, that's the bottom line. We take a look at the NQs. NQs right now, they're up 152 points. And we take a look at those NQs. And I suspect those are also gonna sell off into the close. You know, bottom line, once we actually got below the 11, 348, right now you're at 310. You know, it's just like anything else, man. I mean, the bottom line is that this thing came down this morning, he had some, actually low, actually didn't have that much volume. That being said, though, you can see this bar. We're heading right now for 266, you're at 309. You break 266 and it's just gonna flatten out. You know, we'll probably be up 100 NQ points. But I suspect what you're gonna see is you're gonna see the good old S&P being flat, down slightly. The dollar, so check this out, folks. So the dollar, you know, yesterday we came down hard from 105.5 to 103.5. Today, you go top side again at 105 and you basically have given it up, okay? So, when I say given it up, the high that we've been dealing with is the May 13th high. So we could close it underneath it now. We don't have volume on this. What we do have volume on and what a lot of the Tigers do trade is the UPP. A UUP, one second, yeah. So, and this one, and Ryan, thanks for the heads up on this, so watch this, folks, okay? Now, I don't, I look at this, okay? But I'm certainly not gonna make a dollar call on this, okay? Because the bottom line is that compared to foreign currency, you know, this trades as a dollar index, but, and that's 1.6 million, it trades, but the currency markets, folks, are billions and billions of dollars. That being said, if we take a look at this, what you're gonna see on the daily basis, right? You know, yesterday you come down with 4.9 and you go up with, you know, 1.6 today and you give it up. That being said, as that Ryan gave me a heads up, though, and guess what? When you put this on a weekly, that is a weekly ABC structure on the way up. Did you blew away the, it's a complex one, okay? You got over it, you closed under it, bottom line. That's gonna be dangerous because that, you know, 28, that's two and a half off that and that could get you to 30. And if we take a look at this, that'll be saying that, hey, guess what? This dollar's not done going down yet, but, you know, that's a toss-up, that's the bottom line. The dollar has shown strength, there's no doubt about it. And if that dollar does go to that price point of 121, it's gonna be a little bit worse than I think it's, at this particular point that I'm set up as how I think this market's gonna shake out. And when I say that, this ABC down, folks, okay? It all has to do with how, my take is we're going there. That being said, that doesn't mean it's the end. It depends how we get there. I do not want to get there like we're getting there right now, meaning you go down, you go sideways a bit, you go down. That is just building energy for lower and lower prices. The only way, not the only way, but percentage-wise, the way that markets turn is that they're relentless and they don't stop. We don't have that, man. We don't have that. It's been a bad market, but there's still too many people that wanna buy, buy, buy. And guess what? That is not what markets are made out of. And that is not what bottoms are made out of. That's my point. Dow Industries right now, that gave it up quick. Oh, my God. That one's a negative 17, NASDAQ's up 135, S&P's up six there, right there, folks. Come right back. In a time of booming inflation, where you're purchasing powers eroded, there's no better place to protect your harder money than in gold. 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A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien 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 market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today, and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, 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. Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. Best of the Hulie, Tom O'Brien. We do appreciate you go ralin' and prowlin' with us out here. We have the now industrial's up 25. Nasdaq is up 151. S&P's are up 12. Now let's go, we're gonna look at the dollar first, because the dollar best has been going all over the place. And so there was a question that in the den that said, hey man, I said that the dollar is that ABC structure up. And it is, so let me explain this a little bit more. And it is inside of the UUP. It's definitely an ABC structure up. You'll see how this is shakin' out. Because in order for an ABC, I need volume. That's the bottom line. So you can see on the weekly, I mean on the daily, this thing looks like it wants to go lower. But yet when you put this on a weekly, what you are gonna see is that this has taken the $28.07 out with volume. It's 21 million shares versus 22.7. So your B point on this is 28. Your A point is 25 and a half. So you get two and a half bucks, which gets you a $29.72. So that being said though, and that's why I was trying to explain at the beginning of the update, is that the currency markets are so much bigger. So bottom line, we'll see where that baby shakes out. So what has been going on in the real estate business in St. Petersburg and Tampa last week? Oh yeah, same thing, you know, just slowly, more listings, less under contract, you know, slowly and slowly. Some days are about even, but then some days it's insane. Today was a lot. Yeah, today is a lot. Today folks, we watch this every day. We watch this every minute actually. But today we had, so specifically, what we're looking for is this. Actually, you know what's so cool folks? Okay, check this out. The best fit put together, now this is officially like the spreadsheet I'm talking about, about, you know, the- Oh, going back to 2000? Yeah. Yeah, this was, what, three, four years ago. Yeah, yeah. And so this was really cool. So what we did is this. We put every sale together because I was explaining to them what had happened folks before the crash in 2007 and 2008 is that the home builders, actually, yeah, let me show you what they did because this was really intriguing because it looked like the market was going to fall apart. Right? And that was in 2005, I believe. And then what ended up happening is that the Fed, maybe four, the Fed turned around and made interest rates even lower. And let's see. Oh, I gotta bring it back further than this. Watch this. Okay, so bring it back 20, because you're gonna crack up. I've told you this, but it's like, okay, so it looked like, yeah, it's 2004. So let's say LaNard. LaNard was up at $56. Then it's that falling apart, okay? Gets down to $40. And this is where in 2004, then all of a sudden the Fed said, no, no, we gotta bring race down even more. So what does it do? Bang, it goes all the way. I mean, you can see, like, if you watch this on Tiger TV, you can see how the volume contracts. I mean, in a monster way, right? So it's kind of intriguing, like, in this particular case, it's like, okay, when is the, you know, Fed gonna blink? And I don't think they're gonna blink for a long time. That's- They're just gonna keep going up. Right, and you have never seen that, right? No, no, I've never seen a race this high. Right, so picture this. Now how old are you? 33. 33, and you've never seen rates at 6%? No, not since I should remember. No, no, they haven't been. No, that's the point more than anything. I mean, because what happens, folks, is that, you know, what I've found is this, you can read plenty of things, but the cycles are important to feel them. You gotta be out there and feel it, see what's happening. Right. We feel it right now. Right, yeah. And what are the clients saying that have houses on the market right now? You know, a lot of them just kind of want to sell right now. Yeah. So I'm seeing a lot of that. They're not allowing you to get on a price? No, you know, they think it's gonna hold up, but we'll see, we'll see as time, you know, passes by. Right. Yeah. So folks, if you're putting your house on the market, this is the Tom O'Brien take, okay? And this is just like the stock market. We feel it was so lucky because we're in both, trust me. You gotta be the first one out of the door. That's the bottom line. Yeah. And it's really hard to explain to people, it's not hard to explain to them, but they really don't understand that you gotta be the first one out of the door because you don't even know what's gonna go on the next three, four, five months. Yeah. And you know, if you think you're gonna go down on a price at all, just kill the price right now and do it and eat it. Well, that's what happened with one of my listens, right? So we listed at 305. Yeah. I thought it was worth 310, 315. Right. But I told the sellers, I listened. I think what is worth, I think we should go a little bit lower, give more action. And we still got a little bit of action, but not like what I thought. But today just went on our contract, so. Congratulations, that's awesome. Yeah, so. That's good. But it's not like those old, under contract zero, the inspection. Right. Closing through, this is a seven day inspection, you know, so. So what Beth would say in there is this, what has happened folks was changing is they'll have an inspection in there. You'll have a. Appraisal. Appraisal in there. And I can tell you that the last house I moved, I moved that at 930 or 960. Nine and a quarter, yeah. Nine and a quarter. No inspection, seven days, all cash, right? No appraisal, yeah. No appraisal, yeah. Those days are gone, you know. And what Beth and I had been talking, because we've been in both markets. I mean, I had a house that I literally, I ended up selling at 1.1 million. They just flipped it for, well they didn't flip it, they had on it for four years, 1.95. But I did open houses for one year straight, every single Sunday, remember that? Yeah, I mean we did open houses for two years straight on some properties, right? It was, that's what I'm trying to tell people. And that wasn't that long ago? No, that was three to four years ago. Five years, three to four years ago. Right, right. So two, two to three years ago was, you know, you had to work really hard to sell a house. Right. Now it's just like, it was just going, but I think we're gonna go back to where it was like two years ago. Yeah, no, that's the normal way, okay? That's, there's no doubt about that. So this is gonna get, you know, these rates, the rates of the rates, that's the bottom line. Well, you know, we saw the new listens today and you know, I haven't seen it that high in so many years. So I think maybe that's why people are getting scared. Right. They're saying, let's just sell now. Right. So we'll see what happens here in the next few weeks. And folks, I am not suggesting, right? This is the one to get this through your head also. I'm not suggesting that, you know, you go sell your house because it's gonna go down in value. I mean, I got plenty of stuff and I'm keeping it. Okay, I consolidated in a big way to go through two, three, four years, whatever that is. And that's the way you should really think about it. You know what I mean? Just because I suspect what we're gonna have is this. You got this deal going down, okay? So we'll get out for about a year and a half, right? And then guess what? Then, you know, five years from now, no, six to seven years, this will be a blip on the marketplace and your house is gonna be worth more money because what has happened is that everything costs more. And you know, the aspect of who is to blame while the bottom line is that you can go all the way back to Greenspan, you know, the Fed's been putting money in this market forever. The put has been on it forever. I crack up when people say, oh, it's that person. It's like, what are you, crazy man? I mean, you know, the amount of money that's been put in the marketplace on a continual basis is big. It's another cycle, yeah. It's another cycle. Stay right there, folks. Best of the night, coming right back. Our phone number is 877-927-6648. We have the Dow and Dust Shills. Trading up 139, NASDAQ up 198, S&P's up 27. We'll come right back. If you wanna take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money back guarantee so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting tfnn.com. Don't miss out on the next great gold trade. Sign up today. 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 tigeresses for just $1 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'Brien and the other TFNN hosts 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 tigeresses 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. TFNN is excited about our new software charting program, The Art of Timing the Trade Charts. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, your ultimate trading mastery system, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting 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. Best of Tom O'Brien. We do appreciate you growling around with us. Right now, we have the Dow up 135. The asset is up 200. S&P's are up 27. And let's just go inside the Dow for a second and see. The, you know, it's pretty interesting because when we started the program, folks, I had the Dow is up a buck 50. Then it went negative and then, you know, you're up a buck 32. So you can expect a huge amount of volatility coming into this close today. So American Express is putting 49 positive points, sales force 33, Microsoft 31, taking away from it Chevron minus 42. You got Wal-Mart minus 13. Now, with that said, I'm gonna go over to this oil market. So the oil today, best fit is getting smoked, you know, which is the first day that you had some real action on the way down inside of the oil market. Okay, so let's see what's done here. So yeah. What do you think is going down? They just sold it. People were just selling it, exactly. So this is not a bad setup, really. You know, what happens, folks, is that this is actually a lost engulfing. And what that means specifically, is that what you have is that you have come on down from five or six days, you try to get higher today, you come down. Oil's not done. Let's go to Navin in Virginia. Hey, Navin, what's going on? Hello, Tom, how are you? I'm doing great, man. You yourself? Yeah, I would like to know your take on the company, Deer. Sure, okay. So let's take a look at it. You got Deer, okay. We know huge, you know, manufacturer, and you know, not only in the agricultural business, the construction business, the forestry business, commercial and consumer. Low's 307, the high's 446, you're dealing. You're trading at 324, pays a 1.3% dividend. Okay, so let's put this on a weekly first. Okay, so now we got a high volume, yeah, I wouldn't touch this thing. So what you have here is this, right? You get a high volume low. That high volume low is 313. So that says it wants to test it. The problem, Navin, is this. Yeah. This consolidated from all the way over to the February of 2021. Right. And that broke the consolidation with volume. So that's saying it's gonna take the next leg down. Yeah, let me show you something. This is, because this chart, not that they're, you know, but I'm gonna show you what Amazon, Amazon did the same thing. What happened is that Amazon was consolidating, one of the first stocks that were consolidating up there and the bottom line is that you can see, when it broke, man, you know, get out of the way. And so it's the same type of setup, man. And, you know, more than likely, you know, the bottom line is that, I suspect if we're in an inflationary business, agriculture's still gonna do good. Construction is not gonna do good. Forestry, I don't know enough about forestry, but yeah, I'd be really careful at that point. You know, at this point, you're almost gotta be careful of everything. That's what it really comes down to, man. Sure, sure, yeah. Do you own this? You're looking to buy it? What are we doing? I'm very informative. I'm sorry? No, I said thank you for all you do. Oh no, absolutely. I find you very informative. Now, hey, do you own this? You're looking to buy it. No, I was actually looking to shop it because I thought because of lower economic activity because of the economy slowing down, I thought it might have an impact of deer, which is really shot up in the last few months, so. Yeah, well, no, I think it's a good shot. I do. Okay, okay. What would be, what would you want to happen though, right? See how it got, last week it got up to 368th? If we never bounce up there again, it'd be great and it bounces out light volume. You know what I'm saying? Yeah. Right, right. What you do is you take the break of the consolidation, you take the bottom of the consolidation, which is 342, and I take the top, which is 400. Man, that's, I said 342? Yeah, oh, 321. That's big, man. That's 80 bucks. That's saying that that thing can get down to, what, 240. Where's 240? 240 right here. Yeah, I mean, you get a break in that. That says 240 is on the agenda. So, cooking brother. Thank you, thank you, Tom. Have a great one, man. Have a safe one. And you know, another trade folks that, if you can get a good bounce going, just something that you should keep in mind in the future, you get a good bounce going, and if you've traded options before, what you could do is you could go out till October, and you basically, you know, if you're traded options, you can certainly, you know, buy an option on the futures. That is the way that you'll get some real firepower, man. You know, so, if you don't trade options, stay away from it. But that's a way that, and you'd want to do that in an upmarket, and if the, you already know what the ABC price projection is, so if you basically do something like that, we'll go for that price projection, you know, so. Is it John Deere that's moving to Texas? They're moving to, are they moving to Texas? Who was moving to Texas? No, they probably are. They probably are, I mean. Illinois, but that's not, is it John Deere? They, I think, let's see. Let's see what they say there. There, and yeah, they're in Illinois, so they're probably moving to Texas. You know, we were talking about this. What has happened, folks, is this, particularly we're in Florida, we know. I mean, when I moved down here from Massachusetts, no more personal income tax, you know, and that's either seven or 12%, I feel it. There's a lot of money. And what has happened, folks, is this, the reason that you see so much more movement to Texas, to Las Vegas, to Nevada, and to Florida in general, is that, and this is where the whole deal is, if you're ever making a deal with anyone, folks, right, always make a deal percentage-wise. Because what happens is that the numbers are always going to get larger. Flat out, that's, I mean, the first car, you know, my mother bought me a car in 1967. There's a Super Sport Chevy 283. Nice. It cost $3,000. Wow. That's it. So the same car now is probably 60. Yeah. Okay, yeah, granted, it's, you know, 60 years later, about 55 years later. That's amazing. So you're always being with bigger numbers. Now watch what happens, though, with our taxes and general. We pay a percentage. So as these numbers get higher, you're actually paying more dollars because there's always a percentage. So my take is that the reason that these companies are moving so much quicker now is that they're dealing with very large numbers. So if you're even dealing with a small percentage number, even off of their employees, it makes a big difference. Yeah, those are big numbers. They're big numbers, man. They're big dumbers, man. And it's like, not only that, it's good living, too. That's the other side of it, man. Well, you know, I was talking to this couple that just moved down here from New York, and they were explaining to me how property taxes work up there. It's completely different from down here. Well, you bring up a great point because, so what happens, folks, is that all the taxes are high up there. But what also happens is, picture this, when you're talking about, let's say you're talking about New York and we're talking about California. People say it all the time because the tax is so high. But guess what? What also happens there is that the average pay's there are so much higher than the whole rest of the country and their economies are so big, it is unbelievable. So the argument that just because the taxes are high, you don't make money, that doesn't fly. That's a reality. Myself, I like Florida. Yeah. But you know what I mean? I mean, it really is. It's like, okay, California has huge taxes, New York has huge taxes, but the payrolls are huge, too. Yeah, they'll make the way more money. Yeah, yeah. Stay right there, folks. Best of night coming right back. We have it out. The hour right now is up 99, now is except 179. S&Ps are up 22, we're coming in. You get 22 minutes into this close and it's an orderly market out here today. Yesterday was the action. 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Dow is up 90 points. You get the S&Ps up 19. Nasdaq's up 173. Let's go to our man, Jose in Lakeland. Jose, what's going on, brother? Good afternoon, fellas. Jesus, you guys look good-looking there. You do two sitting there. Looks like the cover of GQ Magazine. That's a beautiful thing. I got my big brother right here. How you doing? Hey, Tom, I always hear you talk about your love for wood. Yes. You're always, when you're dismantling an older house, I hear you talk about you're interested in beautiful wood, correct? That's absolutely, man. You know, it's so funny. I just came from the woodyard right before I got on here. Oh, is that right? Yeah. Hey, do you have a pencil there? Yeah. Allow me to brag a little. Write down 81, 8181, converse, like the sneaker, converse street, Stoneham, Massachusetts. Allow me to brag a little. That was our home for 40 years. Look at the wood inside there. I don't know if you've ever seen gumwood. Do you know what gumwood is? Sure do, man. OK, look throughout the inside of that house. My dad bought it in 1960 for 60 grand, 60 and 60. The year I was born, we moved in the night. A Halloween night, my mom went to the Winchester Hospital, had me Halloween night, and we were there 40 years. That is so cool. And folks, so picture this. This is really cool, folks, OK? Where Jose's talking about, right? When I first got married, right? Bottom line, I wanted a tree, so I wanted to get out of soap Boston, right? And Stoneham, OK, is so beautiful, it's insane. I couldn't afford Stoneham, OK? So we went to Milton. That's the Irish Riviera, right? You know what I mean? But where Stoneham is gorgeous, man, always has been, man. Just that's really cool, man. And I'll look this up, because I, yeah, I. Tom, the fireplace was built and ripped down by the builder named Locke. He owned a lumber company in Wakefield. The house, the driveway's in Wakefield. The house is in Stoneham. He tore it down three times before he settled on it. But the gumwood in there is incredible. My dad was an eye doctor, ophthalmologist, and he bought it for 60 in 1960. Right, no, that is awesome. It's awesome about the fireplace you're talking about, because when I did, I rebuilt this old carriage house that was a couple hundred years old on a farm in Milton. And what happens, folks, in Massachusetts in general, we have quarries. So I actually could get at that point, right? I went right to the quarries with the, you know, what happens is that we really, at that point, I'm going back a long time now, there were plenty of real masons still there. I mean, they know. And so he helped me pick out the stone, Jose. It was pretty freaking cool, man. He's breaking the stones, putting them in, making the real deal, which, you know, you already know how this works, but pretty cool, man. Yeah. Yeah, it's fascinating. Hey, Tom, in 20-plus years, I've never heard you talk about mutual funds. If you have, I've missed it. Do you recommend, when this all unsettles in September, October comes, when the Fed stops raising rates, what do you recommend for a mutual fund, the growth and income? I would just, the only thing I recommend for people that are coming in the marketplace or something like that is you buy the spy and you set it and forget it. Because what happens is that the spy is the least amount of fees. And the bottom line is you own 500 largest companies in the world, you know, so. How do you buy the spy? SPY, just like, yeah, the spy, yeah. Okay, I've never traded that. But I'm talking about long-term. No, I'm talking about long-term, too. Oh, okay. Yeah. All right. Yeah, because what happens is that you don't have fees, man. And you own the 500 largest companies in the world, so. Right, right. Hey, let's hope that Jerome Powell, Reich Marshall Powell pulls that punchbowl out next week out of the trunk of his Tesla, huh? Yeah, I don't think he's gonna. Have a great one, man. Thank you. Take care, man. Let's go to David in Michigan. Hey, David, what's going on? Hey, Tom. How you doing, man? Good stuff on the morgue. Yeah, the real estate stuff is fun. Have you ever seen a buyer's seller's market put to a buyer's market this quickly? Yes. So the strategy, I'm looking at it's ensuring a mortgage. And is there any nuances using a local bank, credit union, or mortgage broker that you find as beneficial, you know, more beneficial to the buyer and sellers? And how long is it you're gonna take the mortgage for? Either 15 or 30. Are you actually gonna live in the house that long? Yeah, no. So how long do you think you're gonna live in the house? You know, in five years, five, something. Yeah, so what you're gonna see, this is what's gonna start happening, folks, okay? You don't wanna fix the rate of mortgage. And I know, you know, you get a variable rate and you say, okay, man, are you kidding me? The rates are gonna keep going up. And that's a fact, okay? But what happens is this, let's bet you get a 15 or 30 right now. You're gonna be at six or six and a half, right? What happens is that you can get a mortgage now basically right off this 10 year and it's gonna be a variable, but it's gonna be running out at, you know, three and a half. So you'll start hearing a lot more about that. And, you know, yes, as the rates go up, that's gonna go up. But if you're only keeping it for five years, man, I mean, you know, I think, you know, you could get up to six and five years, yeah. But guess what, the first couple of years, you're gonna be at three and a half or four or something. Do you know what I mean? What if you plan on keeping the house necessarily, but maybe just leveraging it to purchase a different house? Then you're gonna get a fixed rate mortgage at the least amount that, you know, you can get. And that's it. That's how it goes. So the source of the mortgage is really irrelevant. That's correct. Yeah. They're all the same. Well, you should shop around, okay? Cause there's gonna be point spreads that are different, but they're all the same. Yes. Yeah. And because my take, listen, I get a pretty dire, I'm sorry, what? The mortgage companies, the mortgage business in Florida. Is that competitive nationwide? Oh yeah, yeah. Yeah, big time. Yeah, yeah. And my take here, this is where, I mean, I think this is gonna be a hard landing, you know, in the markets, in the real estate markets, all the above. Cause I think these mortgages, before we're done, I think we're gonna see eight and a half, 90% mortgages, man. Yeah. You're too busy with that. I mean, I was thinking, well, gee, maybe we get a pullback, but now I'm thinking we need a lot now. Yeah, you do. You do. That's what has happened is this, this is a total different dynamic. And when you asked me the first question, have I seen this before? I have, and that's why I'm so lucky, because I start selling with best of those, and I'm talking about hundreds of places. I start selling last November. I've been selling that long, and I finally sold everything. I only have two more closes, right? Yeah. At the end of this month, and I've sold everything that I wanted, and that plan was in place last November. Cause I, what happened, then you know how I say on the year, like what would happen if you up 20% versus down 20%, right? And that's what I did. I says, man, I think this is it. And I took the shot and you know, I was lucky. And you know, so, yeah. Lock in the, lock in the rate, man. We're going a lot higher then. And I'm just like, well, I'm up 35% in the last three years. Right. I take a 35% hit, I'm still at par. So. Which is great, exactly. Right, right, right. Yeah. Cooking, man. Have a great one. Have a safe one. Yeah, these rates. Yeah, they just keep going up higher. I mean, most mortgage companies, you know, they're on the market, so they're going to be about the same rates. Yeah, because it's selling the paper to Wall Street. Right? It just depends on, you know, who's the broker and how much they're trying to make. Right, exactly. Yeah. Stay right there, folks, who come right back. Look at that Dow. That man, that Dow can go up and down 100 points like nothing. The Dow right now is up nine points, and as except 156, S&P's are up 10. We'll come right back, folks. 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 4.00 p.m. Eastern. 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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. This is the common-sense deal, folks. You should really wrap your head around this. I talk a lot about where we're resetting. Every one of our signatures, we're resetting. So our signatures are worth less money. And the way he puts it, it's all about affordability. The higher the rates go, the lower the price goes. And what you should do, and I do this exercise, and he's seen me do this exercise last year, I was doing the exercise, every $100,000, every point higher, how much is it? Because guess what? That is what runs the real estate business. That is what runs the market. And if you just do it, take a pencil, take a number-two pencil and do it, and you will come to your senses if you're worrying about things. So at least you'll know, right? I mean, that's what happens. I did the numbers on a house. It was $807,000. So if you bought that back in February, it would have been $700 cheaper a month than buying it now. There you go. So that's an extra $700. $8,400 a year. Yeah. So that means at $8,400 a year, so pitch says, you're going to make $24,000. Well, $8,400, that's $24,000 a year. Well, you still have to make 34%. You still have to make another $12,000 or something. Yeah, $12,000 to get $8,400. Yeah, so once you can get that wrapped around your head, you'll kind of understand, you won't be questioning why things can go down when interest rates are going up, because people do. They just can't buy it. Right. If you buy it, unfortunately, what's going to happen, folks, is going to be people that are trapped and people that aren't going to buy it because they haven't done their numbers first and they're not going to realize, oh, yeah, I can afford this a couple of months, and all of a sudden, it's like five months later, it's like, okay, man, where are you going with it? I have a few of those right now. I don't think they're realizing it, but I don't want to buy it, so. Not good. We'll see. Well, listen, folks, everyone have a great weekend, with a long weekend, have a great Father's Day, have some fun out there, and always remember, the baby can claw your heart out, the bull can run you over, and thank God, there's always another trade. Health happens in prosperity, have a great weekend, folks, have a safe weekend. Come back and visit Tommy Monday morning, Tuesday morning, kicks us off, nine in the morning, great show, folks. Real! Look at him, folks.