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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 in 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 and a great week, folks. Don't make assumptions. Communicate with clarity. Communication with others. Communicate with others as clear as you could be to avoid misunderstanding, sadness, and drama. If all humans would communicate with impeccability of the word, all our relationships would change. Not good-wise! Let's take a look at it out here. We have the Dow Industries down 221. NASDAQ off 122. S&P's off 25. Gold contract up $3.80. Trading at $17.88 an ounce. We have Silver up $0.13. $22.29 an ounce. Light sweet crew down $0.36. $71.31 a barrel. Notes and bonds. The 10-year note. Up 14 ticks. Trading $130.27. The 30-year up a full point plus five ticks. At $162.15, a King dollar. King dollar's up $204 ticks. Trading out at $96.300. Euro's $112. Yen is at $113.52, and the British pound is at $132 to one U.S. dollar. iPhone 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 it. And what do you have? Okay, so from highs to lows out here, first look at the spy. So we have what the spy out here, there she is. We had a high out here today of a price point of $470.56. You come down all day. You're at $468. That being said, guess what? Friday, we went up with $77 million today. You're backing down with $49. Now, what we also have here, folks, is this. This is gets, if you understand the out of time in the trade and the ABC structures, whether they're going up or down, this is a really close call. And what it is, is this. And let me put this up, because this is pretty cool, man. This is cool understanding, at least. And since we're in the probability business, the S&P, the spy, the S&P, very well could be in an ABC structure in the way up. And this is why this one's a tough one to basically a technical analysis, bottom line. It's a probability type of deal. It's not one of these deals that's a black and white deal. And what you have here is this. We have a B point that was, well, first off, the A point on this is the low that was established on the 3rd of December. That's at 448.92. Then you go up to the top at 470. We come down one day and then on Friday, you actually took out the B point with volume. Now, this is where the problem comes in. When something is this close, normally I would take the day before it. The day before it is 95 million versus how we took it out with 77 million. Okay, so that's where the question really comes in, is that, okay, is it really an ABC up? And if you do read the out of time in the trade, this would not be a confirmed ABC structure in the way up because of the fact that when you have two spots that are so close and one of them has a higher volume, I always like to take the higher volume. That being said, you want to pay attention to this because we're pulling back with light volume right now, man. So this is telling me, if we pull back again with light volume tomorrow, that's telling me we're gonna ABC structure in the way up. I know that sounds just like, okay, why would that be? Because what you have folks is that if you do not have sellers, okay, the bottom line is that this thing wants higher price. My take is we're still gonna test the highs. So we'll see where the baby shakes out. That's in the S&P. And that would be one of the deviant moves that the market could take. We take a look at the three cues. Three cues have a different setup. You know, the bottom line, the three cues, they had volume Thursday, but then they came down on Friday with volume. Now watch what you're doing here. We came down on Friday with volume and then what ends up happening, the bottom line is that we come down today with lighter volume. If the cues don't do 52 million today, that's saying that, hey man, we might think that the cues need a rest right now. And my take is that we're still in a much larger ABC structure not that we're gonna get onto that consolidation of 350 in the cues. That's where my head's at with this period no matter what happens. But looking at this, this is pulling back with light volume. So the bottom line is that you wanna pay attention to it because we definitely are going to, it's gonna be intriguing to see what is in the statement. You know, gold out here today, gold is higher but needs a lot more volume. That's the real bottom line. We only have 100,000 contracts out there today. You're up 370, needs more volume. We go over to the dollar index. The dollar is not telling us much either. The dollar is doing what gold is doing. The dollar's been going sideways for two weeks and the Fed will move the dollar. There's no doubt, there's no doubt. So we'll see where this baby's gonna go because my take on the dollar, what my take on gold is we're going to 1825. My take on the dollar is that once come back to the breakout area, that breakout area is 94, 500. And right now you're at 96, 303. Some of the higher volume equities that we have, well here, well let's, if we go over to the, let's go take a look at the note and bond market because there's no doubt the Fed moves the note and bond market. We take a look at the note and bond market and we do have the 10-year note. You're up 14 ticks, half a point. Now this is not a lot of volume though. The 10-year should be doing, when you're up like this, the 10-year really should be doing like 1.7 to 2 million contracts and you're only at 779 contracts, 779,000 contracts. You have the wide price spread though, so that's telling me that the 10-year wants to rent this 131.16 and we'll see if it continues to have juice up at that level. The way this is trading out right now, it looks to me like there's not gonna be any like moves that are really gonna destroy the market before the end of the year. I mean that's the way this seems to be setting up. Bitcoin, Bitcoin is taking it on the shoulder, taking it on the chin out here today. You got Bitcoin right now, we're at 46,949 and you know, my Bitcoin looks to me like it's going to 39,000 and I will see whether I can handle it. It did that dip. When the dip came down, it came to 42,000. You swing down there though, it's 39 and there's not much support down there at 39 but we'll see how it shakes out. Stay right there folks, come right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. 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 markets 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. What's separating you from the most successful men and women on Wall Street? That's right, information. 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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 for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Toll free at 1-877-927-6648 internationally at 727-873. Seven, six, one, eight. Welcome back, folks, to Dow. Dow Industries right now are down 220. We get the Nasdaq off 119, SAPs are off 24. Let's go over to our man, Steve Rhodes, as we do each and every Monday at 20 past the hour. And don't forget, folks, Steve has an outstanding show here every trading day, one to two Eastern standard time. Also has a great newsletter, Mastering Probability. Now, it's very easy to get Mastering Probability, folks, as you come over to our website at TFNN, you're gonna see newsletters, you get newsletters, you're gonna get Mastering Probability right on the right-hand side. You just hit that subscribe button. You can get Mastering Probability for one month for $149. You get it for six months, a $695, which is the savings of $199 or 22%. You can get it for a year for $1195, which is the savings of $593 or 33%. Do yourself and give yourself a new year's present, folks, okay? Go over, check it out, you're gonna love it. If for some reason it doesn't work in 30 days, you get your money back. You have everything to win, zero to lose. Steve Rhodes, what's going on? Well, I think you forgot to say, and because of Santa Tom, they can actually get those newsletters for less if they take advantage of the new Tiger Dollars. That's right, folks, and right on the front. So tell them about that. Tell them about that. On the front page, folks, there's no doubt. We have the Tiger Dollars sale at just start of this morning, and it only goes for 12 days. So check it out right in the front page, because it's a way that you can save 10, 20, up to 40% this time, you know? Exactly. It's a good value. It's a great value. Yeah, so we have to say thank you to you, you know, Santa Claus. I love it. Which, oh, oh, oh! And you arrive again in what, in just 10 days, basically? I know. 11 days, you know, we're in week 50 from our trading standpoint. Isn't that crazy? Yeah, I know. Absolutely, absolutely. So I thought what we would do here is just start by taking a look at our annual seasonal cycle, which would suggest that the Santa Claus rally, a lot of folks take a look at the Santa Claus rally and look at the time period from Christmas Eve on. Really, the Santa Claus rally begins in October. I mean, you've got to make all those toys. Yeah. And where they really rally, typically, if we take a look at the last 80 some odd years out here, we see that the Dow, and this is what we're looking at here, the Dow, typically forms a bottom in October. It also forms a bottom towards the first week of January, moves lower into the end of January, moves higher into May. So we'll take a look at these cycles. And in fact, if we take a look at this calendar year, 2021, we'll see that the seasonal cycle dates have been working really relatively well. And so they're identified here at the lows or the bottoms are shown with the green arrows, the tops with the red arrows out there. So the seasonal cycle, as those key turn dates, the end of January, as I mentioned, mid May, fall by a June bottom, then another top in mid July, and then the final bottom in the month of October. So the month of December also, Tom, I don't know if you knew this, but it has the highest probability of closing above November's close. Now, this is data. Wow. Yeah, this is data going back to January of 1970. And it just compares close versus close. I don't want people to overthink this. It's just the probability of one month closing above the prior month, and the month of December has got that largest bias. And the reason why I want to make that statement is that as long as a Dow closes above 34, 483, and we're pretty well above that, that will fulfill that outcome that we took a look at. So it's about close versus close, not about taking out the high of November. So it's a little nuance out there, but kind of like your little nuance about the A to B equal CD pattern out here. And I don't want people to misinterpret this. So the Dow will fulfill that normal probability as long as it closes above 34, 483. And again, that's just simply based upon this probability table of going back to January of 1970. Now, one reason to anticipate, so this is kind of you and I kind of talking about, hey, what did the market do on Friday? Is that an A to B equal CD to the upside? Which would then suggest taking out the highs that we've seen. I know. Right? Yeah. But okay, and that's absolutely a possibility still in there, and it would fit along that seasonal cycle. However, one reason to anticipate that the high may be in is, and we're taking a look at the Dow here. Now, this is the daily timeframe. Is the Dow formed a TD9 topping pattern back on November 8th. And this is bar number eight that is out here. This is a pattern Tom that I teach subscribers. It is really a great pattern. Helps us to identify key levels of breakout support, breakdown resistance out there. And so another reason for folks to go ahead and at least subscribe for a 30 day time period. So we have a valid top inside of the Dow that again formed on November the 8th. And that led to also a TD9 Cal bottom was bar number nine. So when tops or bottoms form on these pattern, Tom, it must be on bars eight, nine or the bar following nine. So there's three bars to really pay attention to. Here we'll get, take a look at the Dow, the top of TD9 count top, the bottom a TD9 count bottom. And we can see that price made its way up to this resistance level of 35, 952.63. Based upon utilizing this indicator, this tool, that is where the breakdown began. There was a slight close above it on Friday. I require two closes above resistance or two closes below support to give us a real something other than a one hit wonder out there. So we've got those daily top and bottom signals in place. And when we take a look at each of the four core cash index charts, we can see that the S&P, the NASDAQ, each of these. So the S&P's got what I refer to as a rogment to indicator top, both the S&P and the NASDAQ 100. Another pattern that I teach subscribers in the videos that come with the newsletter subscribership. So we've got those tops. We already talked about the TD9 count top on the Dow Jones and the Russell 2000 as we like to refer to as a sell the D point out there. It also had wave number seven as part of Basel Chapman. So there's valid tops for the core indices that we trade out here, the Dow, the S&P, the NASDAQ and the Russell 2000. And therefore we should anticipate that the top may be in and the Dow charts show us really the reason to respect this because of these TD9 counts. Now, watch this. This time is a annual chart for the Dow. And if we take a look at this, we are now in the bar following bar number nine on an annual basis. Wow. For TD9 count tops. That's crazy, man. The top or bottom of this pattern. Yeah, it occurs on bars eight, nine or the bar following nine. Now, the cool thing about this pattern is whatever this year's high ends up being, if we close above it on a yearly basis, it tells about a strong momentum to move to the upside. But right now, we really need to respect these TD9 counts and the daily charts really showed us that. Now, if we take a look at the 2000 top, I know it says 200 top, but if we take a look at the 2000 top, it was bar number eight that actually formed that pattern. And then we had a decline for a three-year time period. If we look at all of our core cash indices out here between the Dow, the S&P, NASDAQ, this is on the annual basis out of the Russell. Which is huge, yeah. There are a lot of TD9 count tops, yeah, that are in play right now. So it doesn't matter whether our highs or this year get taken out or not, this is a bigger picture and it's a real bigger picture for us to really pay attention. Because if this is a major top, and you and I have talked about this before, this chart here goes back to 1926. And take a look at an annual basis when there's major tops that form, we usually see declines for two to four years out here. And those are what these red numbers and these arrows on this chart are showing us. So it's gonna be, so we may take out the highs this year, I'm leaning more towards the fact that we don't and that the top for the market may be in and we'll have to take a look at critical support levels and I show those to subscribers as well and maybe on the next update next week, we'll take a look at those as well out here. But there's the potential that we're in store for some kind of major top and a decline maybe into 2023 sometime. You're gonna love it, man. And A, let me ask you, so I got this month going. So let's say when we get into January, we know we're either gonna have a top, but if we back down then on that month, that is gonna be the beginning of a confirmation for that TD9 top, right? It will, but you'd like two months. No, I understand that because that's cool though. That means by February, well, January, February. Yeah, that's cool though, man. Either way, right, all right, cool. And we'll be able to take a look at daily and weekly and monthly key levels of support. When those things start failing, Tom, that's really the confirmation of the monthly, yes, yes. And folks, it's really easy to get his newsletter. All this is in a newsletter, folks. Come over to TFNN, you go into newsletters, you hit master in probability. Thanks, man. You bet. Stay right there, folks. Come right back. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? 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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 Dow. Dow Industries right now, down 220. We get the NASDAQ off 151. S&Ps are off 27. Let's go to our man, Jose in Lakeland. Jose, what's going on, brother? Good afternoon, Tom. TD9, TD9, very interesting. TD9? TD9, your host, your guest just had TD9, the market's calling. Oh, yeah, yeah, I know, it is, isn't it? Yeah. You know what's so cool about that, folks, is that it's very hard to get to a TD9 even in a daily, okay? Because what happens is that, you know, if consolidation is then, you never even get it. So when you get to it in a monthly, you better pay attention to it. The cool thing I like about it is whether you're gonna go or not gonna go, and we're gonna know, so, you know. Correct. Early next year, sounds like. Yes. Tom, I want you to use your untrammeled vision and look at the real estate market going into next year. Goldman Sachs sent me a memo this morning saying, dear Mr. Reynolds, do not worry about the housing market. Our models project will grow a further 16% by the end of 2022, and is that the US has underbuilt housing by at least 5.5 million units. Does that jive with you? Well, this is what happens. They, I, you know, listen, I hope it goes up that much in another year. What does happen though, the underbuilding is absolutely there in a month's away, and has been for a long period of time, and that matters. What also matters, now you're bringing up real estate, right? So, picture this, folks, okay? This is what's important to understand about inflation. Now, we do not want inflation running big numbers like they're running right now. My take is that we're gonna be running these for two or three years, easy, and it will calm down a bit, but we're not going back to 2%. And so, if that's the case, this is what you have to wrap your head around. I know this is a little tough, but depending on what part of the real estate business you're in, let's picture that, you have to try to figure out, okay, where am I gonna put some money? So, real estate, metals, anything that's a hard asset, folks, okay? The bottom line should be able to keep up with inflation. What I wanna talk about more than anything though is the aspect is that when you're talking about retail income properties, right? I mean, if you can find some, they're still gonna be, you're gonna think that they're expensive, but if they cash flow positive, what you definitely should do is you should do the real numbers on them because I'll just do this quick, just so you can kind of get an understanding of what happens with inflation. Let's say that you and I bought a duplex, a Jose at 350 down in Florida, right? So we bought it at 350, let's say we just get in 1,500, we have two units to get in 1,500 rent. So that's what 3,000, it's 36,000 a year we get, right? So watch what happens here though when inflation, folks. So on a retail unit, the depreciation value is 27.5 years, okay? So on 350, that's gonna be 12,727 and depreciation that you get to write off. Then let's just say that we're paying 4%, we had no money down, I'm just doing this so you can kind of see how these numbers work. And so that's another 14 grand. So what that would be saying is that here, watch this, is that we take in 36, we paid out 27, but we really didn't pay out 27. We only paid out 14 because the 12,727 is depreciation. So it's showing there that, okay, when all's said and done, we made $9,000, okay? Now, watch what happens here, folks. If the number, let's just take a, let's take a 5% number. Goldman Sachs is saying it's 16%, actually, let's just say 5%, right? So if we take 5%, 15, that's $15,250, right? 15,250 dollars, right? Just on the inflation value of your investment, right? That should go up every year. And then, and this is the big kicker in inflation. And I remember this so well because it just, it was the first house they ever bought. I bought it, I paid 14.5% in interest. And in 1970, I think everyone did that. In 1972, I think I met about the house, the first house. But this is what happens on a, if you get, let's say it's a 15-year mortgage, right? Well, if inflation just runs for five years, that 350 grand that you took out, that's not gonna be 350 grand that you're gonna end up paying back because the amount of inflation, those dollars that you paid back are gonna be inflated dollars. So, it's a big number, man. I mean, just at 5% a year, that 350, you can take 25% off it immediately. Do you see what I'm saying though? So, if you can get places that are cash flow positive and just even, you're gonna make a lot of money. That's- Well, I'm speaking of someone who is having homes built with cash. I'm not talking about borrowing money. So, would you agree with strong buying demand in under building, limiting the amount of the housing supply, aren't we likely to see home prices remain high? Yes, home prices remain high. I mean, they have to remain high because the replacement value is so high. I mean, I build new houses, the replacement value, and this is the kicker. It's like, the window prices aren't going down, the lumber prices fluctuate, but windows aren't going down, appliances aren't gonna get down. That right there is a big number. Cement hasn't been that bad, but there's labor. Labor's not going down, there's no way. Right now, so check this out. This is pretty intense, folks. Framers, now, frame is a really talented, but if you've ever watched how a frame works, it is phenomenal how they can frame a house. And I was talking to my framing guy, and he has two separate crews. Well, his framing guys, there's two main, each crew that this guy has, he has about 15 in each crew, folks. Well, those guys, right now, in order to keep them, the main guys are pushing, bottom line, 85 to 100,000 a year. And that's the only way they can keep them. So if that continues, which I suspect it's going to, that goes into the house, and that's a big part of the house. Oh, you're talking about labor costs. Yes. Oh, I gotcha. I gotcha, the frame is, but hey, Tom, one last question. If a builder promises completion in three months in dozen, shouldn't there be a penalty against that builder? It's gonna- I know about the weighting of trust packages and windows. It's gonna be in the contract. Well, it's gotta be stipulated. It should be in the contract that the, that the builder's gonna have an out, yeah. Because I can tell you, they're in my contracts. Yeah, most times, if you read that contract, the builder should have an out. Yeah. Oh, I gotcha. All right, very interesting, very good, thank you. Have a great one, man. Have a safe one. Let's go take a look at, we got some action in the den. They're talking about an eco-eagle, Kirkland Lake. We're gonna start with Newmont, and this is a big number, thanks, baseball, appreciate it, man. Newmont's doing an ABC structure up, and this is what we needed, folks, okay? If you're in the metals market. Newmont was the biggest dog in the world, has been for, let me see, it's at least six months, it might be longer than that. Let me look at this, yeah. So this has been going down since May of 2021, June, July, August, September, October, November, seven months. This is an ABC up, man. I mean, taking out the B point, taking it out with volume, this is a beautiful thing. You stay right there, folks, you'll be coming right back. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate, LLC, is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. Before you make one of the biggest decisions of your financial future, call Tiger Real Estate, LLC today at 727-329-8322 or email us at tiger at tfnn.com. That's 727-329-8322. Call us today. The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. 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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, 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. Toll-free at 1-877-927-6648. Internationally at 727-873-7618. I'm O'Brien. Welcome back, folks, to Dow. Dow Industries right now trading down 195. We'll get the NASDAQ off 142, S&P's off 24. So let's look at Newmont here. Newmont clearly taking this B point out, taking it out with volume. Even if we go to the day before, it's probably gonna have that, well, it's gonna be close. But this is a clean ABC up. I like how this is. It does have higher volume the day before, but because you have such a wide price spread and the way that this is trading right now, I'd say it's an ABC structure up. It's taking the B point out. The B point out here has 5.8 million. You're at 7.1 right now. 59.39 is your price projection and the high of the consolidation is 59.36. So more than likely we're going there. And that's crucial, folks, for the GDX because the weighting structure is so large inside the GDX as well as the XAU and the HUI. Let's go take a look at Enneco Ego. All of these have been going down for quite some time, including Enneco Ego. This one here finally caught a bid. You got down to the low end of the consolidation. We did this Friday and you did it with light of volume. You can see Enneco Ego, 1.7 million versus 2.2 million. Then you catch a bid today. We're 2 million, this is good, okay? Changing it around. We're at, you want to see Enneco Ego get inside 49.20. 49.20, that's the higher range. That's the range that can bring you all the way up to that 58 because you can see we broke that range and you can see the day before we broke it. And this is a cool one to look at, folks, when you look at the context of how we actually came into the swing point. And you can see when we came into that swing point, the prior day, see the volume exploded to the top side and then took it out. And Kirkland Lake. We take a look at Kirkland Lake. So Kirkland Lake is, Enneco Ego was buying Kirkland Lake. So the correlation is the calculation of what Enneco Ego's buying Kirkland Lake for. So as long as Kirkland Lake, I mean, Enneco Ego's moving, you're going to have Kirkland Lake moving, which is exactly what we see out there. Let's go to John in New York. Hey, John, what's going on? Hi, Tom, how are you? I'm doing great, man, yourself? Good. Good. I haven't heard that voice for a while, man. Good to hear from you. I was in Italy for a while. Oh, that's beautiful. My God, Italy is something else, man. That is, that's living. That is living. So Verizon, huh? Which of the two looks more attractive to Ed, too? You have both of them. Verizon, my bell, AT&T? Yes. Let's take a look at that. AT&T's paying 8% and Verizon's paying 5% at this level, but let's take a look at it. So if Verizon is trading $50, 41 cents, pays a 5% dividend if you buy it at this particular point. This one here, yeah, let me just see where the swing is. Looks like it turned around today. Yeah, it did, no, it did. And he's coming into the, oh, this is even better. Yeah, okay, so you rejected, you rejected on a month on the weekly basis, two weeks ago it was 49.76, you rejected it, you got the 49.68, which is great. Okay, so this one here, once you get a rejection, the bottom line is that we should run our top side again. So top side there is, what, 63. Now let's go to my bell and take a look at AT&T. You know, it's hard to comprehend why all these phone companies went down so dramatically. I don't know, but anyway, they did. So my bell pays a 9.23% dividend. How long are you gonna hold it? I mean, are you gonna hold it for a couple of years or something? I can wait, sure, long term. You know, so I'd split it up, man, you know, because they all run the same way. And I don't know why my bell got hurt more than Verizon did, do you know what I'm saying? But my bell's paying a 9%- Well, their earnings don't look too good the next quarter. I'm sorry, what? Their earnings don't look too good the next quarter. Yeah, here, so let's see what they're saying. So my bell is saying 40.6 billion, 75 cents to the bottom line, and that would be correct, what you're saying, because they did 87 cents. I mean, it looks like they did 87 cents last quarter, 89 to quarter before, 86 to quarter before. So they are showing that, you know, all of next year they're only gonna do like 78 to 74 cents. So that's my bell. If we go to Verizon, they're looking to take in 33.8, and they're gonna do 129 this year, and then 136, yeah, Verizon is in better shape, fundamentally. Yeah, you know. And, you know, I know that I've had plenty of the Tigers saying that my bell's gonna cut their dividends. You know, I'm sure that that's some analyst somewhere saying that, but I just don't see it happening. They have plenty of money. There's not a reason to cut their dividends. So I don't know, you know. The earnings per share cover the dividends, right? Yeah, oh yeah, I mean, they make a fortune, man. They both companies make a fortune, man. I mean, look at this. They're talking about 40 billion. Well, here, what's 75 cents times, yeah, times seven billion. That's what they make. Per quarter. Right? Yeah. So it's, it's, it's, the phone companies aren't going away, man. Well, you're getting more than the banks, right? I'm sorry? The yield is more than the banks. Yeah, the yield's dramatically higher, as long as the equity stays where it's at goes higher. Yeah, I mean, there's no doubt about that. You know, so, I mean, is they considered flight to safety in case of a downturn? I'd say so at that, at that type of interest rate structure. Yeah. I mean, no one's paying that kind of money, man. You know? They've been doing, the phone companies have been paying a big dividend for quite some time now. I mean, when I say a big dividend, even when they were at higher prices, they were still paying four and a half to 5%. So. My belt, my belt was always popular with the widows, right? Well, that's what they were, you know, that's what the mantra always was, there's no doubt. And you know, I think you probably know this. My mother, folks, was a telephone operator and she was the telephone operator, just like you see on TV, two in the plugs in the board. And I, actually, I was five years old, six years old. And I used to take the bus from South Boston to downtown Boston and meet her and she'd bring me to lunch because, so check this out. This is how the economy starts moving. And you know, when you were talking about that far, this, that long ago, it was called a split shift. And what would end up happening, all these operators would have to work split shifts, meaning you'd work from like seven to 11. And then they wouldn't put them back on till three in the afternoon to seven at night. And you have, you know, that's how they'd have to work because that's when the phones would get busy because people weren't calling each other during the daytime. How's that? But those were the good old days, you know? Well, that, listen, the amazing thing to me, when I think about it, I was so lucky to see all that stuff, you know, because it's like you tell someone that like, what, are you kidding me, man? But you can see that, you know, there's always gonna be a worker versus a corporation. That's the bottom line, because if the corporation had, they were all, they would have loved to basically keep it the same way, I'm sure. Hey, listen, welcome home, man. Thank you. Okay, man, have a great one, have a safe one. Stay right there, folks who come right back. We have the Dow Industries down at 267, NASDAQ's up 176, S&Ps are off 33, we'll come right back. 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 for free. 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And if we take a look, yeah, the S&Ps doing the exact same thing. So the S&P, she's challenging the lows of this morning also. As you come over to our website, folks, at TFNN, you're gonna see this right on the front page, the TFNN Tiger Dollar Sale. Now it can hit the banner. The way that this is on for 12 days, folks. Okay, it ends December 23rd. If you have any services at TFNN, you're looking to get any services, it's a great way to save money and get even a better value. The way this works is that you can buy $500, you have Tiger Dollars, and you get 600. You can buy 1,000. If you buy 1,000, you get a 30% bonus, you get 1,300 and Tiger Dollars. And the max is that if you buy 1,500, you can get a bonus of $600, a 40%, $2,100. So if you have any services at TFNN right now, you're looking to get me in the future, go out of line, check it out in the front page of TFNN. They don't have an expiration point and they're totally transferable also. So it's great little value. We do it a few times a year and this is the second time this year. So I guess the next one will be probably sometime in June. We take a look at the marketplace. If we go to the spy first, take a look at the spy. Spy right now is still backing down with light volume. You get, let's see. 77 million up today, 67 million. We might do 72, we'll see. We'll see if they can get it up there coming into the close. Into the NDX 100, the three cues, three cues. Right now we're doing 46 million and bottom line is that we did 52 on Friday. So this will get interesting because you are breaking the swing of Friday and this gap is wide open to be had, that's for sure. That's the 387, 60. Always remember folks, the bank and claw your heart out, the bull can run you over and thank God there's always another trade. Health, happiness and prosperity. Have a great night, have a safe night. Come back and visit Tommy right here tomorrow morning. Kicks us off, nine o'clock in the morning. Great show. Real, look at him folks.