 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. Let's go to our man, Alan Homo-Sasa. What's going on, brother? It's, isn't it wonderful? I went ahead and invested in your tiger dollars and I went ahead and got your gold report. Four year and also your morning, your call letter and stuff like that. And I got over a 50% return in one day. Not counting everything else, but I just want to thank you. Tom's not perfect, but he tells you how to put your stops in and keep your losses small. You can take your small losses, but then all of a sudden you'll be like Dave Root and you'll hit a home run. I mean, a big home run. And put the money in your pocket. Okay, brother. You're awesome, man, thank you. 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 your focus on grows. Hope everyone's having a great day, safe day. Let's make it a great night, folks. You have the power to create. This is a dynamite card, man. Your power is so strong that whatever you believe comes true. You are that way, you are that way because that is what you believe about yourself. Your whole reality, everything you believe is your creation. We're more powerful than we think, folks, okay? Check it out, man. Grab it and run with it. Knock it wise. Let's take a look at it out here. We have the Dow Industries down 310, Nasdaq off 197. S&P's down 58. Gold, Gold contract up $8.30. Trade to 2008 an ounce. You get silver down 25 cents, $25.27 an ounce. Light sweet crude off a buck 56. $77.20 a barrel, notes and bonds. Ten-year note. Up 29 ticks, trade in 115.25. The 30-year up a full point. Plus 18 ticks at 132.10, and king dollar. King dollar, where are you? King dollar, up 496. Trade in 101.839. The euro is at 109. The yen is at 133. And the British pound is at 124.1 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. Well, bottom line is that you saw that contraction of volume yesterday. Couldn't hold price. Bottom line, here we go. You know, you have 58 million shares right now. You're coming into, we're coming into the 113 million. That's where we had some strength. Now the top of that strength was 409, the bottom was 404. So we already have dug into that bar. So 404 is game. That's the first part. The bigger part, however, is that what you're gonna have here. It couldn't make it up to the highs. The swing high that I had been talking about for a while, that 410, we made it up to the 414. It was 418, we made it to 415. Now what's game is that swing low, because you have a high volume swing low. And that's out of 380, and we're at 406. NDX100, same type of setup inside the NDX. You don't have any buyers at the highs. You can sell as soon as you get up there, push them away. So we're 38 million right now. Yeah, basically, let's see. Yeah, we're breaking the swing with volume already, because the swing is 46 million. We'll do 46 million easy. We're gonna do, we'll do about 58 million. We'll do about 20 million coming into the close out here. Now, and the cues, this is what you really want to wrap your head around. What just happened in the cues, the cues are down five bucks. We're at 310. The cues just went back in its lower trading range. So this is a huge failure on price. When you get out of a trading range, folks, right? And in this particular case, we actually stayed out of that trading range for almost a month, and you get back inside it, get out of the way, man, because there's a lot of people that own up at this level, bottom line. We still have a, also you have another high volume low that's laying out here at 285. So 285 is game inside the cues. Gold, now gold is impressive out here today. This is really cool, what's happening with gold. And what we have is this. You have dollar coming off the lows, okay? You have gold that didn't even get to the low of yesterday and has 207,000 contracts. That's good contract volume, man. That's what you're looking for, so, and it didn't get in the lower range. The lower range in gold is 1992. We got down there five days ago. We got to 1992 days ago. We got to the 1992 bottom line. Today we got to 1986, rejected it, but you're pushing higher now with volume. So this is gonna be quite a battle out here, man. And my take on the gold market, this is what it's about. It's about interest rate structure. What we have with interest rate structure right now is that higher price, lower yield. You can see this right here. We get 1.5 million contracts inside of the 10 here. So more than likely what we have is that it's gonna make a run to the top of this range. Now the really cool thing here, and this is where it gets really decadent, is that you very well could have a beautiful ABC structure up. We did just over .382 retracement on the way down. And if we have that, let's do this quick. Okay, that's gonna be 117 is the high. That's good. Okay, so we get seven and a half points, which we get you at 120.30. Let me do this on a 120.30. Well, you know 120.30 is gonna do folks, which will blow some minds. 120.30, if that's what we get, we'll put the 10 year under 3% again, or at 3%, TYA, no TY, TY1. I need that generic contract, here we go. Okay, we pull this baby up. Come on, TY, generic 10 year note. There we go, I got it. Okay, now bring this up, 120, 120. Let's go look for 120 here. See how this shakes out. Okay, so I'm putting this, okay, interesting. So what is this range here? I see that's 117. Well, this is what ends up happening. If we get back inside 117.30, you're in the higher range again. I mean, it's gonna take quite a bit. But this is saying that, bottom line, the rate structure is out there, meaning that the next Fed meeting is May 3rd, and we'll see whether they go up a quarter point. My take is that they're not gonna do it. That we've peaked out in rates. Some of the higher volume equities, we get some destruction out here today, there's no doubt. You got, Fresh Republic is getting smoked. That's down, it was a $15 stock this month, it's a $7 stock right now. This should be out of business. I suspect with Fresh Republic folks, you had the three big bags, put $10 billion in a piece of, yeah, $10 billion in bucks a piece. You know, they're just holding that up. And after today, we're gonna find something out because guess what, that's not gonna stay in business. You know, you get smoked like that in one day. The numbers are out. They don't have the numbers. They have a huge amount of bad debt. You know, we'll see where it shakes out. They've been trying to, you know, hold it together as long as they can. Stay right there folks. You got it, man. It's the Basel Chapman coming up next. We have the Dow Industries down 296. Nasdaq's off 200. S&P's off 57. We'll come in right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the Euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60 minute webinar archive. He just hosted forex strategies and fundamentals. What is behind the Tiger Forex report? For all the details and to start your 30 day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN, educating investors. 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 market's open to give you the competitive informational edge you need to succeed. 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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 to Dow. Dow investors right now trading down 290. We get the Nasdaq off 198, S&P's off 56. Let's get over to our man, Mr. Basil Chapman, as we do each and every Tuesday at 20 past the hour. And don't forget, folks, Basil does an outstanding show here. Every trading day, 10 to 11 Eastern Standard Time also has a great newsletter, the opening call, which you can get very easily, but on top of that, which you're gonna really dig, okay? Our man, Mr. Basil Chapman, is gonna be doing a workshop for his subscribers. Now, the way this works, folks, okay? Is that you can come over to our website. The webinar is gonna be May 3rd from 4 to 5.30 in the afternoon, so you're getting an hour and a half webinar. Now, you have to be subscribed to come into the webinar, but check it out, okay? This is a value beyond belief, and what you do is this. You can come over, you can subscribe to his newsletter. You subscribe to his newsletter, you get in the webinar. If for some reason the newsletter doesn't work for you, we have a 30-day money back guarantee, so guess what? You'll get a great newsletter for 29 days. You're gonna get a great workshop, and you're gonna really understand how to ride this Chapman wave, and what a market for it. So come over to our website right now. You can subscribe to his newsletter. Gonna get a great newsletter, you can come into the workshop. It's Wednesday, May 3rd, 4 to 5.30. If you can't make it live, it's gonna be archived on your page. Basil Chapman, what's going on? Well, it's very interesting, Tom. We're looking at a market that under other circumstances, normally, we would get at this peak D in the Dow, we would get a pretty sharp pullback. But what I've been talking about, I think I mentioned it to you last week. I think even the week before I said, in my work, I do a lot of work. In today, monthly, it doesn't matter yearly, using the nine-period moving average over the 14, or under the 14-period moving average. When that nine-period, I'll be discussing this in great detail in the webinar, I'll be explaining it. I'll show you the techniques. Every day, I'll show the Dow chart. Let me just show you this here. This is what I give my subscribers every day. I give an analysis of the market and I'm here, I'm explaining there's a Dow chart on the left. It's the same Dow chart, but now I've used different indicators, I've added the MACD, the moving average convergence divergence, the slow stochastic on-balance volume, and here's the 120-minute chart. And what I've been explaining, and I'll go back to the real thing here, is that when the nine-period moving average is extremely high above the 14, it takes either an incredible U-turn, like one of those Lamar or Grand Prix races where there's this hip and bent and it just turns around viciously to the downside, drags the price lower, and then finally that nine-period moving average, because it's a nine-bar look-back and a 14-bar look-back. So I'd say we expect that it's going to be a process to take out the 14-period moving average. And look what we've done. From that leg D, I always, in the chap-wave, we're always looking for a bi-signal to go to a bi-mode, which means you should get at least four higher peaks to peak A, then B, then C, and then a D. That's where other things can happen. So on the 14th of April of 34,082, the dow goes to this leg D. The next thing is just a slightly lower high. That makes a peak D. But look what happened. You've got one, two, three, four, five, six. Today's the seventh day, but look at those six tiny bars. So I said to subscribers, either this is part of a distribution process where it takes time because the people that want you to buy are now, they're running out of buying power. So there's still a little bit of energy to the upside. But the people that are selling are not getting that downward reaction. But one of the reasons is because this look-back period of nine days says that it is so rare to just cascade from this height in the nine-prime moving average over the 14th, it's a process. So what I was looking at is the spy, because we've been along the dow, along via the diamonds, as well as the UDOW three times long. But I started taking off positions, going into that peak D high, and then we got a short position on the spy because the S&P was acting a little weaker than the dow. The technicals were a little weaker. And my thinking was that if there was a turn down, the S&P would actually move down quicker than the dow. So we still have our core long positions from October in the dow, but we are short the very next day after the 415.72 high on the 18th using Chapman Wave methodology techniques. Because you can see the MACD started turning down a little earlier. The stochastic has turned down quite sharply and we've got a different kind of candle power. Now we've got a strong leg down. So there are techniques that I will be explaining in the webinar so that we can do them live. I do them all the time for stocks that are long. I'll show one just in a moment. But I have a technique that I call the Chapman Wave inside wedge, target support line on the way up. It's a green dash resistance line on the way down. It's pink dash. And I drew this in, this was two days ago, maybe two days ago. Basil, I just wanna, that first one, did it break yet or not break? So this, you're talking about this trend line? Yeah, on the left hand side. Isn't that interesting? It's right now on it. You hit it exactly to the panning this morning and now it's trying to hold it. Okay. So this is my target line. And it says, if that target line's taken out then there's a low that was the gap high of the 31st of March of 404.55. That'll be my target and it should make it within a few days. So we're looking at actually the day that I have it on left side, right side price time as to that vertical plum line of the 18th would be to the 4th of May. So 4th of May I think is the day off to my webinar. Yeah, it's the Thursday. So that's what we're looking at. So these are the techniques we use, but also on the long side, sometimes that stochastic is so the, I'm sorry, nine-period moving average is so strong it keeps you in the trade even longer than you thought. So I told you, I mentioned this the other day. I said, symbiotic ink is the stock that we're in does robotic warehouse automation systems. And I drawn this in, I done this, all the chapter wave methodology, the cup formation, the chapter wave, yes, the inside wedge weekly chart, resistance dash resistance or the target resistance line. Yes, my plum line with the number of bars on the left from 2848 on the week of the 24th of June, last year plumbers down to 875. And I'd done a measured move and it said by the week of the 21st of April it should be testing 2848. And it did it one week early. Look at that. And it's still in the leg D. We're still long, we've taken a little bit off, but look at this. Yeah, it is at that peak D once again and it's bumping into the resistance line, but it is, look at the nine, how strong it is. So what I've said to subscribers, this is a fabulous looking stock on the next big pullback. We wanna add back something that we've taken off as well as add another position. So we're looking at individual stocks that we have in our portfolio that are holding well and that I think can bypass any market vicissitudes that we see right now. At the same time, I think you have to be very selective. And while we're looking at these different charts, I think we have to have a bigger picture if you're looking at the QQQ. And this is a good example of something that made the, I talk about a rectangle. I'll do this on my show at 10 o'clock tomorrow the Tiger Technicians Hour. I'll show the cup formation that goes to an art formation and then takes out this left side low. So this says that the QQQs are not holding very well, even though we've got a Microsoft, we've got a lot of tech sector earnings reports coming out this week. It's already below that low. So that says the 309 area is really critical to hold and resistance is probably in the 316 to 317 area on the shorter term. And folks, it's very easy to get a newsletter and to get in the workshop. The workshop, okay, is gonna be May 3rd, 4 to 5, 30, come over to our website, get the newsletter, you're gonna get a great newsletter, you're gonna get a great workshop. Bowsley have a great night, safe night before the show tomorrow. As soon as they get it, as soon as they start implementing these positions. That's right. Thank you, Tom, same to you. Stay right there folks, you're coming right back. What is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. News 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. 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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 292, you get the NASDAQ off 206, S&Ps are off 58. Let's go inside the NDX100 and take a look at the strength versus the weakness out here. So inside the NDX, where are you? There we go. You get FISAs up 2.5%, Pepsi's up 2.2, T-Mobile's up 1.6. Taking away from it. Z-scalers down, look, down a hit that is, man. That's down 7.8%. You get CrowdStrike off 6% and Tourist off 5%. Inside the Dow Industries, the strength versus the weakness inside the Dow. Yeah, John, oh yeah, point-wise. Let's do point-wise. Okay, so point-wise what we have, United Health is putting 24 positive points. Johnson and Johnson 9, IBM 4. Taking away from it. Microsoft minus 35, American Express minus 28, Caterpillar minus 27. We had a question about, are we gonna go lower from here? No, my take, when you get a daylight today, folks, this is what ends up happening. There's gonna be a lot of people that are shot and they've done well. So I suspect we're gonna get a bounce out of here. I think the lows were already reached. I mean, they smoked this thing really nice. So we'll see where this shakes out, but that's the normal situation, you know what I'm saying? So we'll see where this goes, but my take is that that's what's gonna happen here to the close. So you don't have a high volume low. The trashing was done at the bar down there at the 150 bar, 150 p.m. And that bar there had 74,000 contracts. We made a low, we're 28,000. The last bar that didn't hold price did have volume, 29,000. So that's the beginning. I don't expect anything big. I wouldn't be going long to go long. I'm just explaining that. I think we're gonna get a bounce out of here and that's how it shakes out. Now that's at finishing the day out, and that's it, that's all I'm talking about. This market wants to continue to lower price. Google, so let's take a look at Google because Google actually hold it. We got, what, I get a couple, one second. Oh, I know, okay, one second. Let me pull this up first. Sorry about that, okay. So where are we going first? One second, okay. So, sorry about this, folks. I got some stocks here, okay. The first one's Verizon. Let's go look at VZ. Verizon, I guess they're paying a dividend today. They're coming out with numbers today too, right? 25th? Yeah, 25th. Yeah, so the low's 34, the high's 52. That just pays a 7% dividend. Okay, we take a look at this. Okay, so you're holding the low at least. Okay, this thing has to get over 29 bucks again, 39 bucks again. Has to reject the $39, because this is gonna be, that's a high volume low that you have shaking out here. That's how that's working out. And KRE, KRE, KRE. I think that's the regional banks, right? Yeah, so the regional banks below that's today, $40, the high's 68. Question here, is it gonna be an ABC down? No, because you're taking the lows out, but you don't have the volume. So let's go see what it wants to do though. Well, it's already into this box so deep. I mean, listen, this thing, you're at 40, it wants to go to 27, you know? Well, the first, well, actually, I see what's happening on second hold. This is where you do have a little support right there, right where it's at. You break that $40.33, if we didn't get there yet, you break that. See, that's when it came off the lows last time. But this other number is hanging out there. There's no doubt about it. Silver, yeah, I didn't mention silver. Silver's strong, man. Silver's down 25 cents today, but bottom line is that this rejected lower price and you're pushing. That's, you know, we rejected $24.73. The lower range out there is the 2503 and went into it, rejected it. So that's also saying that silver wants higher price. Let's see, T-E-N-B, T-E-N-B, I'm sure it's a biotech. Let's see, it's a holding company. No, this is finance, health, retail. Okay, lows 28 to high 60. Let's see what we got here. Oh, this is down nine bucks. So you must be playing a bounce on the stand, right? Is that what you're doing? I don't know what you're doing on this one. Anyway, this is a gap away. I can't read fast enough on the targets in. That's the bottom line. So let's go over to Google. Google's gonna be coming up with numbers after the close out here. So they're gonna be looking for 57 billion to the top line, $1.09 to the bottom line. This is quite a contraction on Google too. I mean, they did 63 billion last quarter. Maybe that's the biggest quarter. Yeah, it is the biggest quarter all the time anyway, so. Look at this growth on Google, still. This is pretty amazing actually, the growth on Google. Look at these numbers. Internationally, they're growing by 6.5% a year. The United States, they're growing by almost 7%. Yeah, almost 7%. That is crazy. Anyway, let's go take a look at it. So, okay, so we got, let's test the high. That high, there was 108, 108, 51 on that. We tested the high in one second. Let me see that. That's 20 million shares versus 34. Put this on a weekly. Okay, so on a weekly, this one's lower price. Yeah. This looks to me. Google looks like 83 bucks or 104. And what this did, when we came down, you came down with big volume. What is that, two or three months ago? You came up, you tested it, you failed. Put this on a monthly. Yeah, the same deal. See the monthly, this is interesting. So you had two months of going up with great volume. Then you got over the high this month, which is the 108, 82. And you're under it right now. But you see the contraction of volume, like I believe we only have, let's see how many trading days we have left here. So yeah, we got three trading days left. And see this volume? That isn't going south. This is gonna be intriguing after the close man. Because you can see, we've done 351 million shares versus 754. That's gonna be really intriguing, man. Particularly, because what does happen, folks, in that chart there, you don't see too many times that you're going up two months with volume. And that's what we had at Google. Two months, really nice volume on the way up. Then we got over it this month. And excuse me, the contraction of volume is huge. Normally, if you go up for two months with volume, you normally could go up and you have a contraction, but not like that. Dow, Dow Industries right now down 318, then Aztec off 209, S&P's off 61. Stay right there, folks. Come right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them, using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the Opening Call newsletter at TFNN.com. The Opening Call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. 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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, Foreside Fund Services, LLC. TFNN has launched the Tiger's Den. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tiger's Den, available to all tigers and tigers is for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks to Dow. Dow is down 317 and Aztecs off 211. S&Ps are off 61. So let's see what we have here. We have the Euro, okay? So some tigers want to look at the Euro out here. Okay, so Euro trade 109. And I suspect what you're going to get here, you know, it hasn't broken the uptrend yet, okay? But I suspect it's going to because the dollar, if we go over to the dollar, it looks to me, you're going to probably get a second day. If we get a second day of strength inside the dollar to get the dollar going anyway. You can see the bottom line is that, you know, yeah, you can say in one way maybe it broke the trend line. Yeah, you did. So the dollar's saying, actually the dollar's saying right near the dollar wants to go to 105. So if we go to the Euro, that's saying that the Euro wants to go just the opposite way down to this, oh, that's wild. Check that out. So the Euro want to go to 105. The Euro is at 109. The Euro want to go to 105. Dollar index wants to go to 105. How's that? Tesla. So let's see what we have going on with Tesla. Tesla, the low is 101, the highest, 336. Next time they come up with numbers on the 20th of July, this is a disaster, Tesla. I mean, I wouldn't be touching Tesla right now. What is this on? Let me see this. Would I just put this on a monthly? Actually it's not. Let's see what you're looking at, Dan. Okay. So look at this. This is the opposite. This gets interesting here now. Okay. So when I just brought up, what the heck were you just looking at? Anyway, this coming down here, Google. I just brought up Google. This is just the opposite of Google actually. Look at this. So in a monthly, last month you came down with 669 million shares. Well, this month you've only done 295 and you're coming into 1.1 billion. The problem is that you're in that bar. See, when you're in that bar, this does say, hey, this is dangerous actually. It's dangerous. You can go to 134 on this. Now, you're coming down on light volume, but the bottom line is that that can go to 134. First Republic, FRC, right? Yeah, FRC. This is, smoke them if you have them, man. So I think we just went down 50%. Look at this thing. Unbelievable. Next slide, here we go. I mean, this is, I don't know what they're waiting for, to basically get this out of its misery. But today will be a big day. This will, you know, you're not gonna be able to, so watch what happens here, folks, okay? They, you had choices. The choices are, you know, you cut and bait, you basically got to push paper out at very low prices. You know, they probably couldn't get any buys at low prices. Now this is cut in half again, okay? So you have two different things happening now. You're losing the equity. You're losing anything that you can try to get some equity into. And we know inside the contract, they only had 70 billion. They lost something like 50 billion in deposits. They had 70 billion in deposits, 30 billion of that with the other three big banks. And those banks were only putting that 30 billion in for 90 days, you know? So I just, yeah, we'll see our checks out. And as I said, when I had done the update, there's, first Republic evidently has a good Rolodex. And if they do go south, evidently, there's gonna be other banks that actually get hit. Because you can see how fast they took signature out, right? Well, they're not taking first Republic out. There's a reason they're not taking it out. And I suspect what the reason is, is that you're gonna have a little chain event that's gonna happen if they take first Republic out. And that is probably why, simultaneously, they claim that they were pushing and shoving in order to put the other 30 billion in. But I suspect that's what it is. You know, that there's a chain reaction inside first Republic because of the high net worth and the amount of dollars that are in there. And that's not gonna be the amount of dollars that were in there. It's gonna be the derivatives that first Republic did off of that for other large banks that at this point we don't know who's actually holding the bag. But the Fed does and the other banks do. And that's why I suspect it's not taking out. Now they're gonna try to figure out, okay, you know, what are we gonna do now? Now they just got cut in half again. Cut in half. Can you imagine getting cut in half in one day? That is about as intense as you can get. Let's go take a look at the GLD. Let's see if we get action here. See, this is gonna get interesting, man, because folks are getting nervous here. Yeah, the GLD's setting up nice, man. Seven million shares, you know? So that's not, we didn't get a pullback here, man. This is good, because we got a high volume high right now in the GLD, you know? And the GLD of course trades at the price of gold, but because it's been trading for so long, the bottom line is that you see the amount of points that get taken off it every year because the expense ratio is four tenths of one percent. So what ends up happening every year and a half, it takes off a dollar. You know, that's the way you gotta look at it. But bottom line, it's useful when you are doing price and volume. That's the bottom line. It's definitely useful when you're doing that. We go take a look at the, let's go to the IWM. We got a target that wants to look at the IWM. Let's take a look at it. That's these small caps. Now it's coming down with volume. Not too heavy though, but it's a volume. We made a high yesterday in the IWM with 17 million, do it 24. Excuse me. Oh, look at this though. Yeah. Yeah, the IWM was lower price. I'm gonna put this back further. This IWM might be a monster ABC down. Building cause. Look at this. What? Yeah, it is. It's a potential. Look at this. That is a nasty setup. That we've actually four, eight, we've been going sideways for 12 months. That's, we're going south, man. This is gonna get nasty. Let's see, where we're at? We're at the, yeah, we could go south all the way to October, you know? And if that's the case, folks, just what to do. You don't have to freak out about it. What you wanna do is you get ready, you know, to basically beef up your portfolio, you know, bottom line, you know, if you're whatever equities you're in, I wanna be in, get a list going, man, because if that's where we're going, it'll be a tough three or four months right now, but there'll be prices that you haven't seen for a long time. And if that's the case, you know, as I've said many times, you never go down forever and you never go up forever. In this particular case, this market wants lower price. The PEs are huge. There's no doubt about that. We know that, so if you're in this for the longer game, get this, what you definitely want, you gotta get the strongest stocks in the market. Don't go buying stuff that is just cheap. That is not the way to do it. Dow, Dow Industrial's right now down 331, Nasdaq's off 224, S&P's off 64. Stay right there, folks, come right back. 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Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back folks to Dow. Dow industry was down 320 and that's 6-off 218, S&Ps off 62. Listen to this folks, this is pretty amazing. Now this just came across the tape. I'm telling you man, things are never what you think they are and folks are not as bright as you actually think they are in certain instances. And in this particular case, we're talking about banking regulators. So this is something else. Listen to this. Months before Silicon Valley Bank and signature bank collapsed, US financial regulators received warnings how the industry's mounting losses had the potential to spark a crisis. And letters and calls for like this is public, it was public then too, they just pulled it up. And letters and calls from October through December, trade groups and law makers told senior agency officials that the losses undermined bank's liquidity access and might hurt the economy. The losses and letters were public, but the issue wasn't treated as a top priority of a harboring of what transpired in March. According to four people involved at least one of the calls. The attendees who included regulators didn't want to be identified. Of course they didn't want to be identified. Could you imagine that their banks call the regulators, tell them that, hey man, all these banks are going itself on these bad trades and they don't make a top priority? The communications including the Federal Reserve and the Federal Deposit Insurance Officials were one of the first indications that regulators and lenders, particularly regional and community banks were coming under serious stress due to the raising interest rates. They also raised questions about why the trouble at banks flew under the agency's radar. Well it didn't fly under the radar folks, they're just lazy. The bottom line, bureaucrats can get so lazy, it's amazing, because guess what? Just keep giving me those green checks or whatever color checks they get at the Federal Reserve and the Federal Deposit Insurance Corporation. This is just basically incompetence in a monster way. This is gonna end up being a scandal in a huge way. First they claim that they don't know it and then all of a sudden you get this out. Yeah, forget it. I always remember folks, the bank of Cloya hot out the book and run you over and thank God, there's always another trade. Health app is a prosperity. Have a great night folks, have a safe night. Come visit Tommy tomorrow morning. Kick us off at 9 a.m. If I'm gonna do the update, if Google's numbers come out, I'll make sure you have them folks. Have a great night, have a safe night. Yeah, look at him folks.