 Welcome folks, this is Tom O'Brien of TFNN. We have five days a week, we go seven hours a day, we go 24 hours a day on the internet at TFNN.com. Always remember folks, whatever you think about, you bring about whatever. You focus on growth, hope everyone's having a great day, safe day, let's make it a great night folks. Don't take anything personally, become immune to poison. The whole world can gossip about you and if you don't take it personally, you are immune to your moon. Immunity to poison in the middle of hell is the gift of the second agreement. Make it wise, let's take a look at it out here. We have the Dow Industrial's down to 12. Nasdaq off 95, S&P's off 30. That was a quick, it was a quick 13 points folks from when I just did the update and the sell on the way down. Gold, gold contract up $5.30 at 18.50 an ounce. We get silver up 11 cents, $21.68 an ounce. Lights recruit down 18 cents, $78.41 a barrel. Notes and bonds. You get the 10 year note trading down eight ticks at 11.25, the 30 off 22 at 125.17 and King dollar. King dollar's down 37 ticks trading out at 103.87. Euro is at 106, yen is at 133, the British pound is at 120 to one US dollar. iPhone number's 877, 927-6648, give us a call folks. Want to know what's going on in your world and the world of the S&P's, let's take a look at them. What do you have? Well, bottom line, they want to sell this thing, man. They just came in with the sell. You can see this from when I did the update at three o'clock, the bottom line, they've jammed that down another 13 points. And it was game, so that was the first swing point that we talked about at the update. That was the 41-23, we hit that in spades. You get high volume, that puts in place, the bottom line is that this can go all the way to the bottom now, that's what it sets up. You get 41-11 and we get 40.98. The 41-11 is the high of the low of this morning. We go into the NQs, we take a look at the NQs, you get the same setup inside the NQs. We take a look at the NQs. The first swing point that we had looked at and banged that out in two seconds, took it out with volume. That swing point, we were talking about at three, was 12,065. Bottom line, we get down to 12,592. And what's wide open now is this number, is the high of the low is 12,557. The low is 12,466. And what this was all about, there's always something coming across the tape. This was Bullard, okay? Federal Reserve Bank, St. Louis President, Bullard said that he would not rule out supporting a half-percent point rise at the Fed's March meeting rather than a quarter that other officials have signaled. My overall judgment is that this will be a long battle against inflation, Bullard told reporters Thursday following a presentation to the Greater Jackson Chamber in Jacksonville, Tennessee. He said he wanted to bring Fed policy right to the 5.375 as soon as possible. And if we go to the Fed and we take a look at it, you're at 4.5 to 4.70 to 4.75 right now. This thing's gonna be over five and a half, folks. But the bottom line, the PPI came out this morning. It's not even a hot PPI. The PPI is the PPI, man. You know, inflation's not gonna go away in six months, man. And this is the, now that's the first get-go that they say in flat-out, you know, that this is gonna be a long drawn-out affair. That's, you know, I talked about it yesterday, it's gonna be a long drawn-out affair. That's the bottom line. Some of the higher volume equities that we have out here, let's take a look at them. You got, well actually, let's go to the gold contract first. We take a look at the gold contract. Gold contract that right now is up $5.90. You might take, then we're going to $17.95 on this, baby. You're coming back to the breakout area. You got 156,000 contracts today. That's like contract volume. There's no doubt about that, you know. But this is, when you get down drafts like this and you don't have bids, it's like, okay, who's the first one that's gonna bid? And this is still all about the U.S. dollar. My take is that the dollar is gonna do at least a 0.38 retracement. A 0.38 retracement from the move is 106,500. 106,700. And listen, it's real possible that we get to 107. I suspect that's how this thing's gonna shake out. And what that does, bottom line, that keeps constant pressure on the markets. We gotta take a look at the high of volume equities out here. Tesla, they had a big recall, man. That's gonna cost some bread. That's down $5.50. We have Cisco Systems is up $2. Roco's up $10. They come out with numbers. Tosh, look at that. That's down $5. That's down 20%, man. You got Coinbase, up $2.44. Silvergate Capital is down $3.77. You got Twillow is up $11. Inside the NDX100, the strength versus the weakness inside the NDX, you got CGen is up $40. That's a monster. CGen up $14.50, Cisco up $5.50, JD.com $3.50, and Airbnb $3.50. Taking away from a Datadog down $6.50, you got Zscaler down $4.80. And we go to the Dow industrials. We take a look at the strength versus the weakness inside the Dow. The point winner right now out here for the Dow is that you got Cisco putting 18 positive points, Home Depot 13, taking away from it. Microsoft, minus 31, nothing big. Minus 31, Boeing 25. These are all minuses, MGen 25, Disney. Who is Disney? Disney's 13, you know? So this is gonna be intriguing close. I can tell you that, you know? Because you gotta remember something. Yeah, you're still in a Dow market, man. Anyway, it's, and on top of that, you still have your larger ABC structure down on the S&P. So bottom line, you know, we'll see where this thing goes, but this market cannot catch a bid. That's on a continual basis. That's how this seems to be. The back and forth, back and forth, no doubt great for trading. What does happen is that the consistency of lower highs and lower lows is out here in spades. Stay right there, folks, come right back.