 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 Phil in Puerto Rico. Hey, Phil, what's going on? Hey, Tom, doing great. Just wanted to thank you guys and the whole crew. Best content on the internet. Really appreciate everything you guys are doing. We appreciate you growling a problem with us out here. Phil, how did you find us? I just typed in live trading on YouTube one morning. Cool. I was looking for any type of live trading room you guys come up in. Awesome. I know quality when I see it, or at least I like to think so. And I mean, you guys are just a dream. I appreciate everything you guys do. Welcome to the Tiger film. We appreciate you growling a problem with us. Oh, my pleasure. Now, Tom O'Brien. Folks, this is Tom O'Brien of TFNN. We're here 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. Gross. Hope everyone's having a great day. Safe day. Let's make it a great night, too, folks. Disconcerning the truth. The problem with making assumptions is that we believe they are the truth. We make an assumption. We misunderstand. We take it personally. Then we react by sending emotional poison without word. This creates a whole big drama for nothing. I have to read that card a few more times, even though I've been reading out of these maybe about 15 years. Mugging wise, let's take a look at it out here. We have the Dow Industries up 195. Now it's like up 22 S&Ps up 11 and a half. Gold. Gold contract trading down a buck, 40 at 1965. An ounce. We have silver down 30. Up 39 cents at $23.53 an ounce. Light sweet crude. Down a buck, 80. $76.47 a barrel. Notes and bonds. Ten-year note. Down 21 ticks. Trading $108.07. 30 year up for full point, plus six ticks. Add $114.08 in king dollar. King dollar right now trading up $355 ticks. Add $104.408. The euros at 108. The end straightened at $151. The British pound is at $124.01 US dollar. Excuse me. Offer number's 877. 9276648. Give us a call folks. I know it's going on in your world. In the world of the S&Ps, let's take a look at them. What do you have? Well, bottom line, you have a market that wants higher price. You got an ABC structure up, confirmed ABC that is. And on the S&Ps, that's the spy rather, that's 462. Now you can see what happened. You took day on Monday. Well, let's go like this. So on Friday, what you did is you took the B point out and you took it outward volume. And that gave us an ABC structure up to the 462 mark. Yesterday, the CPI comes in, comes in light. You get another sign of strength. You got a gap higher, bottom line. 449, we're 12 points away from an ABC structure up now. NDX 100, same type of setup inside the NDX. Also confirmed ABC structure on the way up. Now the NDX has always been stronger than the S&P. Right now, we hit 370, 375 would hit thus far. The last high that was out here is 3, and last six months ago, is that 387, 80 or something. No, 98, 397, 98. Now on the cues, you're talking about a 402. So if we take a look at this, you're talking about a 402. Now this is what's cool. Now watch this, folks, okay? Because this is what's going to be really important. Okay, so I have this on a weekly now, right? Today's Wednesday, okay? Now if we took out the, we just get a little bit higher, meaning we take out the 387, yeah, it's going to be the 387, 98. And if we take it out with volume, let me see this. You're going to have a monster ABC up. Well, so let me see this right now. So we're going to need 382 million. You're at 150. Doesn't look like I could get it this week. So, you know, we'll see where this shakes out. We know we got an ABC structure up now to 402, but you can see this, there's a larger, there's a larger structure here, you know, right there. That structure is pretty intense. Because if we even look at that structure, watch this. Where are you? Right there. So this leg here, yeah, the last leg we had up in the Nasdaq only did a .382 retracement. So if it does take it out with volume, that's going to be one large ABC structure up. That will blow away the highs. Pretty intense, man. There's no doubt. Now check this out. This is going to be really cool. Now watch this. I never knew it was such a thing, but I want to show you something here for a second. So here's the 10-year note, okay? So my take is that, you know, we're going higher price, lower yield. But guess what? What makes the market is that there's plenty of folks that think that interest rates have not peaked yet. Okay? You can see yesterday a huge set of strength. You know, yesterday we did 2.4, 2.5 million conatracks today, or 2.1. Now let me show you why we're at 2.1. You're watching Tiger TV. I'm going to put this up here. If you're not, if you're in the car, remember that this is archived. Well, what this is, folks, is that these, all these trades that you'll see it, appetite to fade the treasury, these are all short positions that will put on bottom line this morning, okay? Because, and they will block trades, and they're done, I'll go through this. But you want to see these sizes here, folks? This is thousands of conatracks. At the, basically, you know, they're giving you the numbers and what they were, 10-year, 5-year, 2-year, they're, you know, they're doing the whole ball of wax. But check out what this is. Bond traders reload bets on high yields after massive rally. Rate traders are pulling back into the, piling back into the bets on higher U.S. treasury yields after a huge rally on treasuries gave them a more attractive price. Wednesday's session kicked off in Asia with the flurry of large privately negotiated transactions known as block sales in the futures market, linked to the treasury bonds. Block sales and Asia session were followed by further shot wages on the 5- and 10-year contracts in New York. Trading as yields rose after a stack of mixed economic data at 8.30 a.m. The trades helped explain Wednesday's rebound and yields following Tuesday's inflation over rally. It's pretty cool, man, just thinking that that's how this is. Now, if I go back to this chart, okay, what this chart is saying is that you're up on volume, you're still coming back with lighter volume, higher prices are still coming at you. So another big surprise with another rally, you could have all those have to be closed again. Stay right there, folks, we'll come right back. 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Now, watch this. This is really cool, man. This is crazy. So, when you're talking about testing a high-volume low, watch this. This is like nuts. It actually tested it. So, the high-volume low that we're talking about here is a 79, say, a 7907. And where do we get 78, 72? Volume here, 615 million. We tested it with 245. Okay? So, I had to comprehend, man. I'm telling you straight down from that, but that was the high-volume low from March, you know, and I talked about this on a lot of equities, and a lot of them hit it, man, which is like crazy. Now, the question is, where's it going to go? So, this is the kind of nice setup, man, because what you have now is that you already broke, you can see that that's a break with conviction of the downtrend. See the spike in volume? It's huge, man. So, that said, the next move is to this 118 level, and you're at 94 right now. And because you already tested the lows, you know, it might take as you're not going back to the lows. So, you're going to take it step by step on the way up now. And the big flak, you know, you really shouldn't get huge flak on this thing until the low, actually 140, that's what it looks like. Like right there, ice, when it really broke down, pretty intense. And Disney's going to be looking for, so next year, they're looking for 93 billion and $4.51, so they're making plenty of money, man. They're definitely making plenty of money. Amazon, let's go take a look at Amazon for a couple of the Tigers out here. Okay, so Amazon, the low for the year is 81. The high is 147, you know, that's 52 weeks. That high is today. And we take a look at Amazon out here. Put this on a monthly first. Okay, oh, this could get interesting. Look at this. Okay, put this on a weekly first. Because you might have, okay, it's not going to be an ABC up. Okay, it's not an ABC up. Okay, so on a monthly, well, you already got into, see, you already broke ice where it broke down. So this is saying that Amazon wants to, you know, get up into this level of, you're at 143, we're talking about the 180 level. That's the next leg out in Amazon. And when we take a look at the numbers out here, they're going to be looking, so the next quarter is the big quarter, 165 billion. They're looking to do 22 billion more than the quarter before that and bring 78 cents to the bottom line. You can see how this works, which is, you know, they have more expenses, you know, because everything has to go faster. Because you can see they made 82 cents in the context of only taking 143. Now they're going to make 78 cents, four cents less, taking 165 billion. For the year, next year, it's 359. And Amazon's still growing by leaps and bounds also. Pretty amazing, actually. It's especially for a company that's taken in so many billions. It's amazing. It's like over the top. Inside the Dow Industrial, let's go actually look at the Dow Industrial for a second. I am D.U. Let's see where we're at. Okay, so the Dow put this on weekly. Same type of setup as the other eight. You know, they're going to be going, the Dow is going to be going after a B point also of a potential ABC structure on the way up. We'll see where that gets the volume, but that's how that's set up right now. Let's go take a look at some of the higher volume equities out here and see what we got. So, Apple, you know, Jacob was talking about this yesterday. This is pretty amazing. That Apple, you know, have they Google into a trust trial going on right now? And what came out, and this was, of course, one of their trade secrets, when they were at trial, everything wants to be a trade secret. But anyway, what it is is that when you take a look at Google, that they collected, Apple collected $19 billion last year on the revenue sharing agreement. 36%. Google gives them 36% on this whole safari thing, because the safari is hooked into Google. So it's like unbelievable when you actually think about it. And this is where, you know, you have Google taking in $255 billion a year and Apple taking in $383 billion a year, you know. And you talk about a lucrative deal. I mean, that's about as lucrative as you can get. That all you do is you let someone else take over your search and you get paid $19 billion. And you're getting 36% and that's gross. That's pretty lucrative deal all around. Wouldn't you love to do that? Yeah, seriously. Inside the NDX, the strain versus the weakness inside the NDX, you get JD.com's up 7.5%. Yeah, Hong Kong was up almost 3% last night. Illumina was up 4.5%. Majority was up 3.5%. Taken away from it. Vertex, found with Google was about 5.5%. You get Constellation off 3.5%. Cadence design is off 7%. Let's look at Cadence here. What's going on with Cadence here? Let's see. Well, this is an all-time high right now today. Even though it went down. Look at this. 52-leak high. Yep. There she is. No kidding around there, man. Pretty amazing. The thing that's also amazing is that this market in general, see the numbers are coming in soft, folks. That's the bottom line. Numbers, meaning if you had the CPI, the CPI came in soft. You had the PPI coming out here this morning that was kind of soft. You keep getting softer numbers and this doll is going to get destroyed more. And markets are going to go higher. Stocks are going to go higher. Down industries right now at 181-mass, except 12-st35-5, that's right there, folks. Come right back. 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. 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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. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com then hit Watch Tiger TV. That's TFNN.com then hit Watch Tiger TV. Welcome back folks. The Dow industry is up 204 in Essex, up 21 S&Ps are up 13. Okay, let's go over to Vista. Okay, Vista Gold. So we have a couple of questions here and I am gonna have Fred on but it's not gonna be till after Christmas, I mean after Thanksgiving because he's just calling his way back to Australia. So Vista Low is 30 cents, the high 75. We take a look at this and one of the Tigers was saying, yeah, we get volume down at these lows, you know, and what does it mean? Well, I'm gonna, I'm gonna, what I'm gonna do here is that first off, technically I'm gonna put this up here so you can take a look at this thing because I believe it was 28 cents that can get tested. It's in here, 28, 26 cents. Those, those are down there. There's no doubt about it. Okay. And you can see, you know, yeah, the test can be on lighter volume. Now that being said, I want to read it to you. What happens folks is that when I go over to Fred, there's another person with him, Pam Solly, who's in charge of investor relations. And I was explaining the, you know, the questions we're getting on the air, too. Okay. So this is what she basically wrote back to me. There's some stuff at the beginning that Fred's coming back from Australia. We're gonna get them on. The markets are indeed challenging for junior miners and Vista is no exception. Tax selling isn't helping either. Now what happens up in Canada, folks, they get quite a credit for tax selling, you know, much better than we do in the U.S., particularly in the mining sector, because the mining sector is so big up in Canada, but all the way they get, we believe the additional pressure on Vista's share is due to the uncertainty of timing of the potential transaction and our cast position. As part of our work with CBC, that's, that's the broker deal and the banker that's trying to put something together for them. We continue to explore transaction opportunities and host Mount Todd's site visits with interesting parties. We remain diligent in the execution of our strategy to seek an appropriate transaction to maximize shareholder value, but understand the completion of the transaction may be dependent on sustained improvement and stability in the economy and capitol markets. Right now the capitol markets basically kind of frozen. They have been for a while though, you know, that's why you haven't seen so many IPOs and all this, okay. I assure you that our team is working very hard with CBC, but obviously we cannot speak to when a transaction might take place. Now here's the kicker, it really ends your question. As of September 30th, 2023, we had a cast position of 4.8 million compared to 6 million at June of 2023. On average for the full year of 2023, we expect our cash spend to be below 1.5 million per quarter. We understand and invest this concerns, but with our current cash and ongoing cost reductions, we believe we have at least three solid quarters of cash with funding options available to us at the appropriate time. I hope this helps for now. I'll follow up with you later and get Fred on with you. So the bottom, when your bottom line is that when you, when you, you know, basically going through that, you know, three months is not, I mean three quarters is not a long time, folks. That's what's going on. Now the good news is that they don't have any debt. So I suspect when I'm reading through that and they're saying that what everyone worries about, of course, is that you worry about a secondary at 30 cents and you get diluted. Okay. So hey, Exploitation Company is an Exploitation Company. You've got to make your own choice on this thing. But there's no doubt that even with gold moving, you know, gold, if we look at gold, let's look at gold here. So we look at gold and you know, we just move from what? The 16, that's 18, right? No, the 1600 area, 1600, 1964. And then, you know, you go over to Vista and it hasn't moved. You know, the key is, you know, we'll see where it shakes out. It's a speculative deal. There's no doubt about that. You know, the last time that it did trade just low, I showed that before, is that then it went to $2.10. So it's like, okay. And that has been the high for the last five or six years, the $2.10, but it went there from 25 or 28 cents ASAP. So 877-927-6648. Let's go take a look at the oil market out here. So we take a look at oil. That's down with 242,000 contracts. Yeah, this is a high volume low that's laying out there at 74. So it wants to get out of 74. You can see, that's actually, almost got an ABC, yeah, you got an ABC down too. Actually, you have an ABC down. The oil wants lower price. I suspect we'll get some support somewhere around the 72 area. Right now you're trading at 76. We go into the XLE, same setup. You can see the XLE traded out here today to 85-66, couldn't hold price. You're at the 74 level, 84 level around 84. Yeah, that's 74. Sorry about that, folks. That's not even close. Do this. Let's go to our man, Robert in Kansas City. Robert, what's going on? Hey, good afternoon, Tom. How you doing? Good yourself. Good, man. Good. Thanks for the call. Thanks for holding. Appreciate it. Oh, thank you for taking my call. Can you take a look at crude oil and tell me your thoughts on, is this, have we just had like a bounce for a couple of days and you see it continuing to decline or what are your thoughts on it? I do. I do. Because what you did here is that you took out one structure with volume. Let's just pull this up. You took out this structure right here with volume. That's, you know, when you basically broke down with that about a week and a half ago. You know, that was a whole structure. That's jumping the creek down on volume. We had volume there of almost 400,000 contracts, 396,000 contracts. You do a counter trend bounce with 260,000. And yeah, it looks to me like, you know, oil wants to go, you know, 76, you know, 72 is game. That's the next level here. Let me put this on CL1 just quickly here. So if we put this on a continuous contract, yeah, I mean, the bottom, it's going to the bottom of the, actually, this is pretty interesting. You know, 72 is the next stop. But if it goes to the bottom of the range, you're talking about 63. Wow. Okay. Thank you. Okay, man. Have a great one. Have a safe one. 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. Biotech is booming, but for how long? Whether you think the Biotech bull has room to run or has run its course, trade LABU or LABD, Directions Daily S&P Biotech three times bull and bear ETFs. 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 866-4767-523. 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. 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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 tigeresses 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 the Dow. Dow investors right now down to up to 11. That's except 28. That's some peas up 13 and a half. And let's go take a look at GBTC first for a couple of the tigers. So this is the Bitcoin ETF. Right now it's trading at 6.75. Negative premium. You know, that was as high as 30, 35% and that was when the trade was really cool. I mean, because the bottom line is that as it's getting closer, you know, they're suing the SEC right now and you know, we'll see how it shakes out. Okay, so let me put this on a weekly for a second. You know, this is not telling me much. It's coming into a lot of flack right here on the other side. There's no doubt. You know, he's talking about on a monthly, no, on the weekly, look at the monthly for a second. Yeah, on the monthly, you're going to need a lot, a lot more volume, which you might get, you know, but the bottom line is right now I wouldn't be buying that. That's for sure. If we're going to take a look at one of the gold equities, Anglo Gold Lowest 1493 at highs 30. Next time they come out with numbers, they only come out twice a year. That's going to be February 22nd. You know, this is a good looking stock. That's the bottom line. This is our trades too. So this little baby here, I mean, you put this back here for a second. And what you're going to see, it's just a small consolidation right now. And every time it gets down to the bottom of that consolidation, which is about the $13 level, $15 level, rather, then, you know, bottom line tries to make a swing for the high. You know, it hasn't been able to get through ice yet. That's ice right there. You know, but bottom line is that they are pumping some big numbers up. Let me, let me see what this is saying right now. Yeah, they're looking to do, well, this year, $4.6 billion, bring $1.31 to the bottom line. And they're still growing in Africa by 11, 12, almost 11.8% per year. So that's definitely a big number, man. There's no doubt. The big, the big number here, and we were talking about this Monday, I believe, or Tuesday is Harmony. Harmony Gold. And boy, did that come through yesterday. First day, first day when they come out with their numbers, a gap higher when they come out with their numbers than yesterday just once it went to the moon. In fact, we take this and put this on a weekly. Oh, look at this. I'm going to put this on a monthly. Nice. Look at this. So this, they're coming up to a monster consolidation. Holy cow. And last month, then a month. Yeah, last month, we got some volume. We got the same volume. You're gonna need it though. You're gonna need it. So we're 537 at 550. You're talking about some monster volume. So it's going to need more volume, but you take that out. And yeah, this is interesting. I mean, look what you have here. You really have a head and shoulders here. Head and shoulders bottom. Look at this. Left shoulder, all in here, right shoulder, head. And that would price project 243, let's just say five, three bucks. That'll get you like 850. Let me see where 850 is. What is that? Well, gets you over the last swing high. That's saying that thing can climb man. That's saying that harmony can definitely climb. That's, it's in good shape right there, man. There's no doubt about that. It's definitely a good shape. We got to take a look at the inside the NDX one second. Let me go inside the 70x again for a second. So inside the NDX. Yeah, let's look at JD. Because what happened last night, folks, I'll show you this right now. As you had the hang sowing, came off the lows with conviction. It was up 3% last night. And you can see, you put the volumes on here, the volumes in the hang sowing are always huge, man. That being said, though, look at, look what you did. You know, you can see you get this happening. You're going after the next swing higher than the hang sowing, which is going to put juice under all those, you know, not all the Chinese stocks, but it will certainly will put them in quite a bit. And you know, we'll see what comes out of this. You get Biden and she that are, you know, making nice out here today. Well, it's good, they're making nice that's the bottom line between fricking walls and tariffs and all the rest of it. Bottom line will see where it shakes out. And this is a time that when, you know, Chinese economy needs a boosting. And you can see that there's going to be a, there's a, there's a sweet deal, not a sweet deal is, is like one of these deals. Okay. So you can see that in China with the cracking down on, you know, basically corruption. And inside of that, then the cracking down with folks that have been making too much money also. Okay. The corruption aspect of it, though is a big deal, folks, because it seems like there's quite a, quite a bit of it, meaning in the upper echelons. So G is getting rid of that. But when you crack down on everything, meaning you're cracking down on the housing versus that with the housing, you start cracking down and everything else. Well, if you want to destroy the economy, it's a good way of doing it. You know, you could, you can crack down on the corruption, but that takes a while. If there's not no such thing as an overnight one, but in China there might be, you know, so people don't worry about putting any money in China. So I suspect between that and, you know, the laws that we got going right now. I suspect both cases, meaning our administration as well as their administration is saying, hey, man, okay, let's, you know, cool the rhetoric for a while. It's not going to change. I can tell you that on a long, long term basis China is not going to change. Okay. And if they do cool the rhetoric for a while, that's going to be all about just laying low again, so they can get their economy going again. You know, stop talking so much about military conflicts and, you know, basically how you're doing business in China, they'll get back to the same old deal that, you know, we can steal some of your secrets, we can do this, we can do that, we'll keep our mouth shut, you know, on the rest of this deal, you know, because they, they, they need business right now, China definitely needs business. Dow, Dow Industries right now, 162 Nasdaq up seven and a half S&Ps up six and a half will 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. Tom O'Brien, renowned for his expertise in the financial markets, has designed Mark Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. 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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 the Dow Investors right now at $149 as of 9. S&P's up six and a half. And we're doing that GBTC. So the Security Exchange Commission came out again, just this literally just came across the tape. Deferring a decision on whether to approve the first US exchange traded fund, meaning an ETF. The Prime of the US regulated deferred on a filing from hashtags to convert its existing Bitcoin futures ETF into a spot fund. The SEC has had until November 17th to respond to the crypto asset managers application, which was filed in September. The regulator said it is delaying its decision until 2024 move that had already been done for a number of other ETFs. So the bottom line is that they're still pushing this thing out. What we are going to have folks come January is that the CBOE is going to be trading futures on spot bit. And I know, I don't know if the CME already does it or not. Someone does it. But the bottom line is that, yeah, and these will be cash closed. This one, the difference is true. The meaning to trade in the futures, the bottom line, they can have a cash close on the futures so that you're always, you know, you're either paying cash in or taking cash out, which is a lot easier than doing Bitcoin back and forth. You can see how this works just in general. We'll see where this goes with the GBTC, but right now it looks like the SEC is continuing to push this out. Market wise out here, you know, bottom line to get some follow through, you know, bottom line, you know, S&Ps. The S&Ps actually, we started off today. Well, it depends what time you started today off actually. But the S&Ps, you know, they've got a high out there, 45, 41, the futures, a low of 45, 10. We're going to lay out here at 45, 17. 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, folks, a safe night. Come back and visit Tommy tomorrow morning, kicks us off 9 a.m. Great show. Real! Look at him, folks.