 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 Alan Tampa. Hey Al, what's going on? Oh it's a beautiful thing. I mean if your listeners don't get the gold report they're uh they're missing out. I mean with your gold report you just print in money. I love it. Oh you're my best dad out there Al. Let's go to Jeff in New Jersey. Hey Jeff what's going on? Great. Hey listen I was calling to thank you. A few weeks ago you were prompting on your show to fill out that $10,000 grant. Yes. So I filled it out and um just a couple days ago I found a thousand dollars in my business checking account. That's awesome man. That's awesome. Yeah. I owe it to you because if it wasn't for your prompting I would have just assumed you know no way I would have gotten anything so I I wanted to thank you. No we appreciate you growling a problem with us here. 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's having a great day safe day. It's making a great night folks. Be impeccable with your words. Seek to know the truth. When you hear an opinion and believe it you make an agreement and that becomes part of your belief system. The only thing that can break this agreement is to make a new one based on truth. Only the truth has the power to set you free. Not going to lie. Let's take a look at it out here. We have the Dow Industries up 202 Nasdaq's down 295. We got the S&Ps off 31.75 gold. Gold contract down $9 trading at 2010 an ounce. We have Silver down 43 cents. $24.95 an ounce. Light Sweet Crew up 28 cents. $75.63 a barrel. Notes and bonds. Ten year note. Down 27 ticks. Trading 112.04. The 30 year down a full point. Plus 17 ticks at 126.05 and King dollar. King dollars up 579 ticks. Trading 100.856. The euro is at 111. The yen is trading out here at 140 and the British pound is at 128 to 1 US dollar. Our phone number is 877. 9276648. Give us a call folks. One note's going on in your world and the world of the S&Ps. Let's take a look at them. What do you have? Well, you get a little divergence here. You know, you get the S&P pulling back with pretty light volume, whereas the Nasdaq has monster volume. So we take a look at the spy. You're going to see the spies coming into, you know, 80 million. You only get 47. You know, that being said, as I said in the update, I do expect we're going to finish at the lows. Why? Because you got a high volume low that's, you get two high volume lows that are just sitting out there. So, well, we're right next to them right now, actually. So we're going to go test them again. Oh, look at the expansion. We're going to blow it away, man. Look at this expansion. Oh, baby. Let's take a look at this. So we get nine minutes. You get an expansion of volume coming down into them. So what's going to happen here is this. The high volume low is at 45.63. We're at 45.65. Now, what I've seen is that when you get an expansion actually before you even get to the low or get to the high, your probability is much larger that you're going to accelerate on the next bar. So the next bar just started. This bar here, it tried, when we got that at low, the two bars that try to get higher in the futures was 19,000, 19,000 and 16,000. We just came down with 26,000 and the high volume low is 40,000. So I suspect we're going to try to get down into those and we'll see whether we break them. And the X100, different ball game now. We take a look at the Qs. What you're going to see inside the Qs is that the Qs already have 52 million. So the Qs are trading 376. 372 is going to be the first place it gets any type of support. So you get a big expansion of volume in the Qs. The Qs are going to end up doing about 75, 80 million shares, which is that expansion. So they're letting that loose. We go to the NQs, the order of the futures. And I suspect just as in the S&P, they're going to really sell this baby down. Well, they already have. They just did the next leg down. Look at this. Yeah, they just did the next leg down. They got the volume behind the move. This has just been one leg down after the other. You're down 371 and inside the NDX, you know, that you're down 2%. Man, that's a big number. Notes and bonds. We take a look at the note and bond market out here. Yeah, the 10-year note, you're down 27 ticks. We're trading 1.4 million contracts. So let's see what we're going against because I believe you're going against a lot heavier volume. So we're going against, yeah, you're going against 2 million. Now, you haven't held price, but the bottom line is that you're going to need a lot more volume than that in order to basically, you know, get and continue to go to lower price. And then gold. We take a look at the gold market. We have with the gold market out here, gold. It's pretty amazing that gold's only down $8.80 actually with the dollar starting to rally. But that's really cool, man. There's no doubt. You get 34,000 contracts. This is already in a confirmed ABC structure on the way up. And you get a pullback today and you get a pullback with light volume. We go to the dollar. We take a look at the dollar, different ballgame. This dollar has some juice behind it. You get the wide price right out here today. You know, the dollar's gone from 100.01 to 100.969. So it almost went up a full penny or a thousand ticks. We're at 569 right now. Now, if you take this and we put this on how it broke down, that's too far. What you're going to see, we bring this right across there. And this is a normal situation that, you know, you basically, you get a bounce going up to 101, approximately 101, like, well, 101, like 500. You know, so that's not that much further than we are. We'll see if it can actually get further than that. Now, that's on the full breakdown because we were building cause to do the breakdown, right? We did the breakdown, okay? It gets through it, has the wide price spread, has the accelerated, well, we don't have volumes on the currencies, gets through it on a wide price spread. When you bounce, normally what ends up happening is that you'll come back to that line. Now, let me just see what a .382 is on that whole move down. So if we take this back a little, a .382, it's coming around in the same place. A .382 is a 10109. So I suspect that's what we're going to get out of this, folks. It's going to be a 10109 to approximately a 101, 500. We'll see where that goes. Bottom line, you know, some of the higher volume equities out here, you know, everyone went to Sherwin Williams, but they started buying green out here as they have been lately. They bought red. You got Teslas down $27. You got, let's see, Apple's off two and a half bucks. You got Amazon off five and a half. Well, actually 5.9, $5.90 cents. Google's down $3.57. You got Microsoft off $8.80. You know, we're at such high numbers, man. You know, these numbers always just keep getting bigger. You know, they're not big in the context of how large the number is trading at, but they're big in the context of how fast they can go down. They hand on up, because they've gone up just as fast. Dow, Dow Industries up 214, Aztec down 300, S&P's off 31. Stay right there, folks. Come back when I'm at Mr. Tim Ord. 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Dow investors right now trading up 174. You get the Nasdaq down a 312, S&Ps are off 35. Let's get over to our mam as to Tim or as we do each and every Thursday at 20 past the hour. And don't forget folks you can reach Tim every trading day at od-oracle.com. That's od-oracle.com. Tim or what's going on brother? Well yeah thanks for having me on again. I sent you over four charts as soon as you got them. I do and I have the first one up. All right this is the monthly chart and it's the SPX and I thought we'd get back to that with the previous high which was back in January of 2022 up around that 4800 area. But actually there's a sideways consolidation. February, March, and April there and I got a little circle number there 467.37.30. That's the high back in March. So the market basically had a kind of sideways trading range there and I think that's probably going to be resistance and we're approaching that level. We haven't hit it yet. I thought we may hit it you know a short term because I'm thinking we're going to start a consolidation here any day now. Okay. Maybe it started a bit. I thought we might get to that 467.37.30 area before that consolidation starts and it still may I just don't know for sure. But if you look at the bottom window which is the SPX VIX ratio and this is on a monthly time frame and the month is basically only lower half over. But if that stays down there and the S&Ps hold up around where we are right now then that's a pretty big divergence on a monthly time frame. So anyhow what I'm trying to say is you got a lot of cross currents here. I also want to say I have the Bollinger Bands here on this monthly chart. Yes. And if you notice the Bollinger Bands is pretty close to where the January 2022 happened up right around that 4800 area. Okay. So my point is if we do get to 4800 you know this year yet even though I think we may see a consolidation over the next couple of months maybe three months. Ultimately I think we do head back up and go back up and at least test the January highs that run that 4800 area. And that's also where the Bollinger Bands are. And those two things may stop that rally. Okay. So anyhow I'm kind of looking 4800 by year in and I think we may kind of flip sideways possibly create a big trading range. Yes. So that's kind of a bigger view. Okay. So then okay let's see. Should I go to the next shot? Yeah just go to the next chart. So that's a monthly chart. So that looks at the bigger picture. You know nothing really is bearish about it. We got some resistance of 4600 on the SPX and 4800 which is basically the Bollinger Bands and the January 2022 high. That's basically what one to say about that. So I don't think we're going to just keep on going. I think we're going to run in to the resistance. And this is the next chart here. The second one down from the bottom or from the top rather is a VIX to a VVIX ratio. Yes. And the VVIX is a VIX of the VIX. Right. And I've kind of screwed around with this thing quite a bit and it actually does a pretty good job of you know once you start nearing high it works pretty well. A lot of inkators don't work with a darn try to find a high but this one finds highs pretty well. And what I want to point out as the window right below the VIX that visit VVIX ratio is the SPYs. Yes. And I get a red line drawn there on the SPYs where the SPX has not hit its February, March, April highs. The SPYs have. So the SPYs is actually into a resistance zone right now. Interesting. Hey can you just say that again Tim? Just say that again. Just go over that part again please. Right. The SPX has not run into the February, March, April highs yet. It has not touched those highs. Right. But the SPYs is running into the I see. Okay. February, March, April highs. Right. So the SPYs is actually into resistance zone and the SPX is not quite hit there yet. But what I'm trying to find here or look for is if you notice the SPYs is pretty much fairly straight up over the last couple of months, last three months or so. Yes. And the VVIX ratio still is pretty much making lower lows as the SPYs is making higher highs. So it's not really a divergence now. At least, you know, maybe a real short-term one, but nothing that's significant. Right. You noticed in the past going into the 2022 high, the SPYs is making higher highs and that ratio was making higher lows. And that was your warning that you're heading into trouble. Right. Same thing happened back in the, I'm sorry, go ahead. No, no. And is the VIX slash the ratio of the VIX of the VVIX, is that the two-day ratio? Is that what that's you're doing there? Right. No, no, no two-day. This is different. Okay. Okay. I got it. I got it. Okay. So, yeah, I do have a, you know, a five-day enactment. No, I'm with you. I don't want to confuse the audience. I got it. I got it. Okay. Yeah. What I'm trying to do is find out what the short-term is. So I really took, you know, this is just raw material to really see if any short-term divergence is really showing up. Right. And so that's the reason why I don't do any ratios in this one. I want to see any minor bounces going on here. Okay. If you look at going back to all those time frames, you know, this chart goes back to like 2017 or 18. Now, all those significant highs, those ratios going up as the SP was going up, and so far, that's not happening here. Right. And so, you know, I'm trying to find tick readings, the trend readings, that's not really saying much. You know, there's another trend reading. I got a 10-day trend reading. It gets down below 0.9. Usually, you get some consolidations. We're up around 1-0. You know, that's not helping. We're up around 1-0-1, I think, or 1-0-3. The tick readings, that's the trend readings. The tick reading is not saying much. You know, next Wednesday, they're going to, 90% chance they're going to raise interest rates. Yes. So, maybe we rally into that time frame. I never know. Okay. But I'm kind of, I'm not real bearish here. I think at worst, we flip sideways. I don't think any top's going to be meaningful. Yeah. Probably when we get up to around the January 2022 highs, up around that 4800 on the SPX, I think you could have a decent high up there. But between now and then, I think we'll flip sideways here probably into September, maybe October. I think actually August is going to get down month. Okay. Just to kind of, just looking at some other stuff. But nothing real dangerous here is just, you know, I'm along the SPX. You know, I'm thinking about pulling that position off. I'm trying to find a good reason to do it. And at the moment, I don't see a real good reason to do it, other than, you know, I'm a little bit nervous. No, no, I'm with you. I got it. I get it, man. Yeah, stay right there, Tim. But that should show up in some indicators that, you know, the market's going to take a breath and I don't see it here, but I hear the music, so I'll wait. Stay right there. Awesome, man. Tim, all right, Tom O'Brien, we appreciate your growl and prowl. I want to stay right there, folks who come right back. We have the dial-up 143 and Aztecs down 32. SPZ off 39. We'll come right back. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. 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Tim or Tom O'Brien, we do appreciate you growling and prowling with us out here. We have the Dow Industries right now at 146. You get the NASDAQ off 318. S&Ps are off 37. Don't forget, folks, you can reach Tim every day at odd-oracle.com. Okay, Tim, where would you like to go? Let's go to chart three. So I'm kind of done with the S&Ps. Okay. There we go. This chart goes, yeah, it's chart number three. The bottom window is the 50-day average of the GDX up, down, volume percent. Yes. And it goes back to 2010. And it's a really good chart to really pick out kind of highs and lows. But every time it got down, this is a bottom chart. So it's up, down, volume percent. Yes. And every time it got down below minus 20 or lower, you're looking at a low. And every time it got above, this is kind of more of a short-term type indicator, but the signals last several months. Okay. But every time it got above minus or plus 12, it's usually you're near a short-term high. So the market kind of just swings back and forth. Yes, especially the gold market, right? Yeah. Yeah, it's a gold market. But yeah, I'm looking for whatever's going on right now with GDX. I think it's going to continue. It's going to continue until the 50-day average of the up, down, volume percent gets above or gets up close to plus 12 or higher. Okay. And we're coming in right now about minus eight. So we've got a long ways to go. Nice. And so I'm thinking this is multi-month. So it may take, I think we're going to go up until October. Okay. In that shell. Yep. Then from there, don't know. That'll be a nice run, man. Yeah, it's going to be, I think, a nice rally. So this is still early in the stage. This signal, I think, came in around mid-June, late-June. I think it was. I have to go back and look. Yep. This signal is not very old, relatively speaking. So this rally, even though we're down with 2.64% right now, you know, you got to buy pullbacks. And this is probably a pretty good time because eventually we're going to turn right back up again if not next week, the week after. So this chart doesn't look at all the wiggles in our day. It looks at the bigger trends. Which is, well, you can see, you know, even here, I'll put this chart up for our listeners right now because this is, there's no doubt. And if we go to the Wyckoff method for a second, you know, this is as good as you can get. You're going into 44 million shares and you've only done 12 million today. So yeah, you get a pullback, but you're pulling back into strength in a month and, you know, like with no volume in. So yeah, I'm with you. Yeah. Yeah. You know, it could be down tomorrow, maybe, but hopefully we are going to head higher. Right. It's kind of hard to say hi. I'm thinking we're going to go, you know, this is, I may change this projection, but I had, it is some other projections, I don't know, a month ago or so. And I keep coming up with around 44 on GDX. That's a long ways up from here. Yeah. I don't know that number is going to be valid or not, but I think it's definitely it's in the cards. And so this kind of, this kind of takes a big chunk. Mostly signals again last several months, you know, some longer, but you're talking a three or four months rally here. Yes. So if you look on the next chart, this is, so I always like to look at the monthly, the weeklies and down to the dailies. Right. Easy. I used to screw around with the hourlies. I don't want to mess with those anymore. Okay. Because if I'm a little bit off, you know, so be it. I'm with you right now going in my direction. Right. You know, chances are, you're going to be just fine. So this is a weekly chart here. And the bottom window is the weekly cumulative advanced decline percent for GDX. And the next window up is the cumulative GDX up down volume percent. And I did a Bollinger band on it. And every time, you know, if you're above the mid Bollinger band on both indicators is a buy signal. If you blow it, it's a cell signal. And the red is the cell signal. And the blue is a buy signal. And it doesn't matter which one goes above it first, either one. Okay. So the bottom one went up above the mid Bollinger band first. So that's the buy signal. So last week it created a buy signal. And the next chart up hasn't quite got above it. But my, my history suggests either one does it. That's good enough for the buy or the sell. I see. Okay. So this is on a buy signal as of last week. So it's a little bit lagging in the care, not compared to the previous one that gave a buy signal around mid June. This just gave a buy signal last week. And you know, it's so cool, Tim, and folks, let's look at the, watch this folks. Okay. I just put this up. I put a chart up here, Tim, of the Bollinger band, right? Man, this is, this is no doubt, man. And the Bollinger band on what, on GDX or? I did. I put the Bollinger band on GDX. I went back six months. And you can see, right, we just say, and man, it goes underneath that middle one, man, it trended all the way down or jumps above it, trended all the way up. You had a little congestion like in April. It screwed around a little, but then it went down again all the way until like five days ago, man, right? And then bang. Yeah. Right. Wow. Okay. Yeah. Yeah. Momentum, you know, it acts a bullet or a John Bollinger got it right, you know, and, and the market trends. And yes, if you look at the bigger trend, the weekly charts, you know, what rule though, the daily chart. So you really got to start looking at the bigger pictures he was going on. So right chart gave a bicycle last week is usually not a week, you know, a week, a few days bicycle. This is going to go on for a while. So it kind of confirms that chart we just showed here previously that chart number three. Yes. Yes. Good. You know, we're going to keep going up, you know, probably to maybe top, you know, those two bottom indicators, we may get to the upper Bollinger band on both of them. I don't know how high is high, but you know, I like the idea a couple of years. Yeah. No, I like the idea that you have a couple of different beat out of it. You know, there's no doubt. There's no doubt. I like the idea how you have a couple of different things you can look at to verify, you know, in this particular case in the GDX, you can use the Bollinger band to verify the last chart that we just did with the up-down volume because then then you get harmony, right? If you get both of them the same way, your probability of being right goes up pretty dramatically, man. Yeah, it goes up dramatically. Yeah. So I'm thinking we're going to be on the radio again in October and I think we're probably going to look at the high. So we'll be talking about that and everybody will be screaming, you know, how great the gold market is as well as going on forever. And I'll be getting a thousand calls. I know. It's not going to keep going up. And you know, it's amazing, Tim, is that what happens is that when I get no gold calls, those anomaly lows, and then of course, when I get a whole bunch of gold calls, we're right next to a high. That's just how life goes, I guess. You know what I mean? Yeah, that's how life goes. When everybody's convinced it's going to go up, it's usually just the opposite. So pretty amazing, man. Amazing. Well, listen, hey, can you just stay for one more segment? I want to ask you another different question about this S&P for a second. All right, just stay tight. I'll hold. Awesome. Stay right there, folks. Tim Ward, Tom O'Brien, we'll be coming right back. We have the Dow Industries right now at 160. Nasdaq is down 293. S&Ps are off 34. Tim and I come right back, folks. 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There's no catch or at it 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. I don't think we went over it this week. The ratio that you use on the weekly between the VIX, you use a weekly ratio also, right? Between the spy going higher and the VIX going higher. Is that correct? Right. Yeah. Actually, the one I think I showed you on your program is a five-week average. Yes. Three weeks is pretty good also. Okay. I look at both but five is just less messy. It smooths out everything and if you're presenting a chart to an audience, that one is a little easier to read. Right. Yeah. The three, it's a VBIX to SPX ratio and that usually diverges at intermediate term highs and that did diverge at the 2022 high and actually all those highs before. So this would get kind of interesting. Take longer. So would using that, do you get another signal at the close tomorrow night? Meaning because it's a weekly? It's on a weekly timeframe, right? Yeah. You take it on to Friday's close. Right. So you're waiting and usually if you ever look at tops, they kind of jag around, they try to go up and they kind of fail, go back and forth and we're bottomed a lot of time to just straight down and straight back up. Yeah. No, they're nice Vs. I mean, listen folks, we've seen tops take six months. I know where I would just say them. There's no doubt. Yeah. Yeah. They just take months and you don't know if it's sideways consolidation for the halfway point of the move up or it's actually building a top or a great big move down. Exactly. That VIX ratio will give you that clue what's going on plus volume studies and some other stuff. Sure. The VIX is a pretty powerful tool. I've kind of put it in my toolbox. I like it. It really helps the trading. As a matter of fact, when we were talking about a couple of months ago, I was predicting the market was going to go higher. Yes. The reason why I was saying that because of that ratio going making higher highs. I'm with you. I got it. Trust me. Like, you know, I mean, I'm, you know, I trade every day. So every day is a different day for me. But you know, when you did come on, I says, okay, man, it was so hard to press that button going long, man. I'm not kidding. But it worked. That's the thing that's crazy, man. You know what I mean? It's like, okay, I get it. And if you're trading a longer time frame, folks, it's really cool about the signal, you know, like for investing, this is a nice tool for an investing to Tim. I mean, more than we even more so, right? Because it really, you know, picks out some nice highs and some nice, well, some nice highs. Let's put it that way. Yeah. Yeah. Yeah. That ratio, matter of fact, was outperforming to the upside, the SPX. Okay. And so the, that ratio is getting stronger where the SPX is kind of going sideways. Yeah. I'm thinking this thing's going to break up. You know, it was bearish. It done the opposite. The SPB be going up and that ratio be going down. Right. Now this is the reason. Now we're to a point where it's kind of me angering around here, you know, on that monthly chart I showed. I know that ratio is gone sideways where the SP is gone up. That's why I was asking you that question right now because, you know, we got the low in the actual VIX, okay? It goes back about three weeks, four weeks actually. The low in the last six days goes back about six days. And then, you know, today we got a little pop, of course, because you got to sell off. So that's why I was asking that question. I can't wait to see what that ratio is tomorrow. Do you know what I mean? So it's, so. Right. Well, if you go, if you go back to, you know, a chapter, a chart one to this chart. Yep. Yeah. If you look at the bottom window there. I have it. The SPX VIX ratio. Right. And I circled in blue there showing you that. You did. You know, the, uh, yes. Well tomorrow's, the mark's not clear. Tomorrow is closed. So that ratio has a chance to turn back up. The chance are probably won't, but right now there's a divergence with the SP's making, you know, short term new highs and that VIX ratio is not making a new high. Okay. So that's what's kind of worrying me right now. Will we get to 4,600? You know, I don't know. I mean, I guess it has already, but the SPX has not. So does SPX need to, I don't know, I'll put, so, I mean, these are all probabilities. Oh yeah. I get it. I get it. No doubt. That's, that's what's so cool about trade, man. No, it's a, we're in a probability business, man. There's no doubt about it, you know. Yeah. And when you take a look at that, uh, go ahead. Well, when you just take a look at this run, I mean the SPX in four months has gone from, uh, 30, yeah, 3800 to 45, 45, 45, 78, man. Yeah. Yeah. It's, uh, it's, uh, it's, it's been a decent run and, you know, everybody's not still not really bullish here. So I don't know. I, it's, you know, we got a lot of, you know, we may have a new administration going in in 2024. And if the market really doesn't know who that was, what I found out about the market, if the market doesn't know it's easy and what's going to go on, it's usually a bad sign for the market. When it knows what's going on, what to expect, even though it may not be good for the market, it is still going to be in the bull market. So I'm thinking next year could have some trouble because, you know, I don't know who's going to be president of 2024. Yep. Well, but you actually, what January, 2025, right? Sure. Well, you know, it's so cool about what you just said there. That's kind of like in life. I, I always tell people, man, hey, don't worry about telling me no. I just give me an answer, man. Do you know what I mean? I can, I can deal with a no. Like if you're just, you know what I'm saying? Like you can't, it's very hard to deal with, you know, you don't know what's going to happen. If I can deal with, you know, either yes or that's great. No. Okay. That could be a bummer, but the bottom line is at least, you know, what's happening and move on, right? You know, so it makes a big difference. Yeah. Right. Right. So one of these indicators will help to help to give you a view of what, you know, especially that VIX ratio, SPX VIX ratio type thing will help to give you a view of what to expect because, you know, and even VIX is actually pretty good even picking out bottoms because you can measure the acceleration of that VIX, which is, you know, that's why reason, that's why I use a ROC rate of change. And when that VIX panics, it's panicking the markets like the trend going to four or five. Right. So you can use it the same way, pick out bottom. So the VIX has a lot more information that I'm just starting to discover over the last couple of years than the trend does. Trend, you know, has a lot of panic things to it. Also, the VIX has so cool panic things to it too. So I'm with you. Well, listen, man, it's always a pleasure. You have a great weekend, a safe weekend. And Tim's now focusing on Tuesdays at the 340 hour. And then, you know, that's that's one segment. And of course, on Thursdays, he's going to borrow at least two segments. That's the 320 hour. Tim, you listen, what's the weather like out there? Is everything hot out there too? No, it's beautiful here. It's probably about, you know, low high 70s, low 80s. No, we might. That's awesome, man. Wow. It's nice weather. So that's a beautiful thing. Okay, man. Well, you have a great one to save on Tim. Thank you. Stay right there, folks, who come right back. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. 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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. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks, to Dow. Dow Industrial is up 151. Now it's down 280. S&P is off 31. Now check this out, folks. Okay, because this is going to be a pretty good trip. Tomorrow is option expiration. Now, we have option expiration every day now, because we have the S&P options. You have the weeklies. Now, tomorrow is the monthly, though. The monthly, we have tomorrow expiring $2.4 trillion in netotional, basically, value. You heard that right, $2.4 trillion. Now, it gets more interesting than this. The reason being, it gets more interesting is this. On Monday, that is when the NASDAQ does the rebalancing. Stay tuned tomorrow, because it's going to be insane, because it's going to be the last chance that large players in the marketplace, you have equity players, and then you have option players. Then you have equity option players, flat out. They're basically hedging positions, putting on positions. That's going to be done tomorrow. We're already at the $2.4 trillion. We'll see how this baby shakes out tomorrow, but you're going to get some big action, man. That's the bottom line. It's real possible. I mean, you can see the differential out here today. The differential is pretty intense, meaning inside of the NDX100. You get the NASDAQ trading off 2%, the S&Ps are 7.10 to 1%, and the Dow is up 4.10 to 1%. But we're going to have volatility, and the volatility is going to be in spades. What you are going to also have is that you're going to have some of those bigger equities that pitch this. All the funds have to sell those bigger equities to get the weighting structure correct. They have to buy small equities to get the weighting structure correct. I'm sure that they probably already figured that out, how they can do this in the option market tomorrow, because the way that you would actually, one of the best ways you could actually do it is that it's basically, you got a stock replacement inside the option market for the equity market. You're going to have players that do that, too, folks. It's going to be a great day. Always remember, folks, that big and Chloe, I'll hide out the bull, can run you over, and thank God, there's always another trade. Health happens in prosperity. Have a great night, folks. Have a safe night. Don't miss Tommy. Don't miss everyone tomorrow, man. It's going to be wild. Have a great one, folks. Have a safe one. We'll get them, folks.