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This is Tom O'Brien of TFNN. We go five days a week. We go seven hours a day. We go 24 hours a day in the internet at tfnn.com. Always remember, folks, whatever you think about, you bring about whatever you focus on grows. Look back when it's having a great day, safe day. It's a TGIF already, folks. Short week, man. And then we get a long week next week, right? A regular week next week, but then the next week. And guess what? July 4th, man. Be impeccable with your word. Express your love. Impeccability of the word can be measured by a level of self-love. If you love yourself, you'll express that love and interactions with others, and that action will create a like reaction. Mockin' wise, let's take a look at it out here. We have the Dow Industries trading down $2.36, Nasdaq up $1.45, S&P's down $3.36. Gold, gold contract up $7, trading at $19.30 an ounce. We have Silver down $0.04, $22.63 an ounce. Light, sweet crude off $0.32. $69.19, a barrel, notes and bonds. The Tenia note, up nine ticks, trading 1.1301, the 30 year up 27 ticks, at 1.2727, and King dollar. King dollar's up 521 ticks, trading at 1.02907, the Euro is at 1.08, the Yen is at 1.43 and the British pound is at 1.27 to 1.00 US dollar. Our phone number's 877-927-6648. Give us a call folks. I know what's going on in your world and the world of the S&Ps, let's take a look at it. This is gonna be a tricky market coming into this close, particularly because coming into Friday, we are coming into the weekend rather. So, when we just did this update, take a look at this S&P and here's the number. I think we already closed above it. Yeah, it's 43.84. So you get 43.87, what time is it? Yeah, so you get a rejection of lower price and have lighter volume folks. So that's saying this market's gonna try to charge into the close. And you know, I know that's quite a call because the reality is that Friday and the market's been down. But that being said, what's gonna happen here is that you can see on the S&P, you get 38,000 contracts versus 84,000. That is a big number folks. That's a big number. And the NQs, NQs, NQs. So we take a look at the NQs. We do the same type of exercise inside the NQs. Let's see, the NQs didn't even get to those. And the NQs, by the way, led this morning. That's what they did. They were down hard, but let me share what the NQs did. And this is, if you follow me on Twitter, when I sent out that deal about you're gonna get a pop off this bottom, where I was coming from was this. Now watch this. So this morning, when we had come down, right off the bat, we did 23,000 contracts, okay? Now, well the 10 minute bar before that, right, it was 29,000. Now we did 23, but guess what? You're going against 38. That was the test of 10 o'clock in the morning of June of yesterday. Yeah, of yesterday. That's the bottom line. So you got the volume characteristic was much less. You got the rejection of lower price, and that says, guess what? You wanna go higher. Now, if we pull this back a little, pull us this way. Let's go this way first. So, this is where I can go this way and kinda now shake it out here. Now look at this, okay? So this is just the opposite. Now this is what you do inside time in the trade. See this when we made a high out here? You got a high. Today this is, you had 7,176 contracts, right? Well, guess what? When you pin this on this side, well that was going against 18,000. That's why you get the run up. Now you got the test of light of volume. Now the bottom line is I suspect you're gonna get a little push higher into the close because that'd be the most deviant thing the market could actually do because we just flushed out the close. I mean, just flushed out the market basically. You know, we broke the lows. You know, it was fast and furious. Let me pull this up and see on the, now hit that. That was the NASDAQ I was just doing. So this here is your S&P. So you can see that was 84,000 contracts. And here's the, see that top, that top was 36, but yet the 36, see this is pretty cool actually. The 36 was taken out the 36. You know, but that's also the same. So if you get 36 to 36, well that's also the same. Once you get this rejection say, hey man, there's no reason to kind of go right back there. So this is gonna be a wild close, man. That's like, you know, and the weekly option expiration is definitely different. You know, it's just, there's gonna be a lot of weekly options. There's still plenty of people that basically don't play the daily options and they play the weeklies. We go into the gold contract. Now this is what is gonna get interesting because what we do have is that you had two separate ABC structures down. If you do get the gold report, you know, I did an update out here. We had a buy out here this morning. You know, my take is that more than likely this correction has ended. Even though that you have an ABC structure down to 1902, it looks to me that what has happened is that you came into the match, let's see, what is that, March 10th. I get this on a weekly or daily. You know, March 3rd, let's see. Yeah, March 10th, March 11th. You know, you have lighter volume here. You know, this could take a while. Well, let's do the GDX and see if the GDX works the same way. So if we take a look at the GDX, now that hasn't held price, but the GDX is coming into 63 million shares at $29.36. And yesterday you got down to 29.53. You had light volume. So this will mess around a bit, but I suspect that we're at a low. That's where my head's going. And then if we go into the Dala, and we take a look at the Dala, what the Dala did out here today is it got up to fast and furious. It got up to 103, 166. And then, you know, you just, baby, you pull back pretty quick, man, you know? Stay right there, folks, who come right back. We have the DAL. The DAL industry is right now, the DAL industry is trading down to 213. NASDAQ's up 130, S&P's off 33, we'll come 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. 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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. Free at 1-877-927-6648, internationally at 727-873-7618. Welcome back, folks. So down just shows down trading down 219, as except 127 S&Ps are off 32. If we go inside the NDX and we take a look at the strength versus the weakness there, you get, well, I'm not used to this one. What is this? Oh, Costa, oh, Costa, man. This is interesting. So Costa is up 1%. You have constellation brands up 1%. Ross Stores is up almost one and Intel's up 8-tenths. Taken away from it, you get JD.com down almost 5%. Pindu Oddu is down four and a half and you got Lucid down four. Inside the Dow Industries, we take a look at the strength versus the weakness inside the Dow. Let's put this up point-wise. So you got the three main movers, well, there's only really one. Visa has put nine positive points, Merck three and Intel one. Taken away from it, there's no big numbers here. There's just, there's a lot of red, but they're small numbers. You get Goldman minus 29, Microsoft minus 24, Caterpillar minus 23. Let's go over and take a look at some of the higher volume equities out here and Tesla's always seem to be at the top of it now. Oh, look at it's not. Okay, so Intel's at the top of it today. You got Microsoft down 375, Procter and Gamble's off a buck 87. What the heck is Tesla? Tesla, that's interesting, TSLA. Okay, so we take a look at Tesla. A sideways move. I say, look at this, you know, it's wild. You got Tesla down $8, 750, but it really is a sideways move. I mean, compared to, you know, it's just, because the move higher has been so extraordinary. There's no, that's sideways movement. NVIDIA, N-V-D-A, we take a look at NVIDIA, and what do you have with NVIDIA? Same setup, that's down five and a half dollars, but it hasn't looked like it even moved, look at that. Isn't that wild? That is wild, man. Silver, let's go take a look at the silver market. What's happening with silver right now? Okay, you don't have a clean rejection of lower price out here. So silver got the 22.34, you're 22.64. You're coming into this huge sign of strength though. The sign of strength was 22.39 at the top. See this one right here? So when you set this up, you can see that bar there, and that was the 10th, right? March 13th, it's March 13th. We put the volumes under here. Let's see what we got. Yeah, I get a lot of volume, but let me do the SLV, because what does happen is that when we put the futures up, of course, what ends up happening is that they're expiring every three months. So, yeah, you're coming into 29 million and you've done 17 yesterday. If we do the weeklies, you're coming into 174 million versus 72. Now, what we haven't got here, even on the weekly, if we just looked at the volume, it'd be like, hey, man, you can start stepping into this market and the silver market. I just wouldn't do it yet in the silver market just yet because you just don't have that rejection of lower price. The Enneco Eagle, let's go over and take a look at Enneco Eagle, that's that moving. Okay, so you can see Enneco Eagle, that was coming into 9.4 million and 1.9 it did. If you go to Barrick and take a look at Barrick, same setup, with Barrick, you're coming into 22 versus 13 on the daily, if we do the weekly, you're coming into 87 versus 66, yeah, this is cool. Let me show you this one, this is the real trip, this one, man. So, if you go like this and you're putting it, you know, when we came off the lows, you had come off the, I'm talking about the lows that go back all the way to last November, they come off the lows, you come off pretty good. On a weekly basis, we did 123 million. Then we came back and tested that with 87. We tested that, it was at $15, it goes all the way up to 22, now we just tested that with 66. So the correlation, you go 66, 87, 123. That's saying that the way this is set up is that we should be able to get back up to those highs. So, when I look at some of these, it's telling me that, you know, this baby, this correction that we've been is gonna basically either stop, slow down, go sideways, do all the above. The XAU, HUI, if we take a look at the XAU right now, same type of setup, you're gonna see that bars, these bars down at the, you know, December, no, March 10th and March 13th are crucial folks, because XAU right now is 118, 23. Now that would be nice if it would be 119, real nice actually, because 119.05 is really the number. They'd like to see it above. All right, there's all right, 118, yeah, 118, that's still the highest, 118.75 is still the number. That's on the XAU, on the HUI, put the volume in here, what's the bottom here? That's 229.56, yeah, and the gold, this is cool to understand folks. So when the gold contract itself wants higher price, normally you do see the HUI be a little bit stronger than the XAU, and you can see what happened here. This hit perfectly for basically out of the time in the trade. You know, we came down on Tuesday, you hit 229.15, the strength, the bottom of the strength was, I mean, 229, yeah, 229.15, the bottom of the strength is 229.50, and you're above it. And the volume is 117 million versus 15 million. That's a monster contraction of volume. So we'll see where this baby shakes out. That's the bottom line, it's gonna be intriguing, you know? And what has happened the last couple of days is that, you know, like today, you have gold up 710, yet the dollar is up 526. So yesterday and today, that correlation, you know, just hasn't been there. Meaning, you know, well, it's been there with the aspect meaning the dollar up 527, the market coming down, but it hasn't hit gold. You can see that gold rejected lower price today at 19.19.50. Stay right there folks who come right back. We have the Dow Industries down 229, NASDAQ up 138, S&P's off 35, 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. New subscribers get a 30 day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. 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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 227 and Aztec's up 133, S&P's are off 35. And let's go over and took a look at Notes and Bonds. Notes and Bonds might take folks what they want, higher price, lower yield. Now we had a nice pop out here this morning. Okay, 1.4 million. See, that's still not enough volume. Watch this for a second. So you get a sideways move happening. A sideways move happening out here. You know, we've been in the same place now for what, seven, eight trading days. And, yeah, 1.4 million contracts. Not bad, but you can see if you look at the bottom of my screen, bottom line is that, in order to get the higher price, you need more demand. That's the bottom line. The reason I'm saying that it might take us a little higher because just like the gold contract and just like the S&P in Nasdaq this morning, it was going into its strength. And its strength in the Note and Bond market go back to the trading day of... What day is that? Oh, that's weird. It's the same day. Same day. Now this way it gets interesting. See, the same day, it goes back to the 10th of March. And it makes sense. Let's go take a look at the U.S. I'll do the 30... U.S. One second, let me see this. U.S. Okay, so we put the 30 up here. The 30 is almost 300,000. That's a little bit better. Let me look at this. Yeah, same deal though. Same deal. You're going to need more. And then let's just put the TLT up. So the TLT is the 20 plus, meaning that there... Yeah, it's going to be a little bit more too, but it's holding price. This is interesting with the TLT. See what's going on here with the TLT? It's getting above its range. The trading range and the TLT, the top of the range is actually 103.63. We hit 103.95 today. Now, it's hanging up there, which is positive. It would have been a lot better if we get more than 19.1 million, though. But by taking the same with the TLT, this baby wants higher price. That's how this thing is laying out right now. We go into the XAE first. XLE, rather. Let me bring up the contract first. So I bring up the crude contract. That rejected 67.35 today. Okay, let's take a look. Okay. Yeah, but see, the volume's too high again. The last time we're down here is 270,000 contracts, you're 296. It didn't reject lower price at 67, though, but when you have that much volume, it's like, okay, you're going to be right back at it. XLE, we go into the XLE and we take a look at it. No, it's late volume. Yeah, okay, so this is saying, this is going to be interesting here, man, because this is saying, even on the XLE, you know, this rejected 76.72 today and you're coming into 25 million with 13. That says it wants to go back to the top of the range. These ranges, folks, are so dynamite, man. It's unbelievable, you know. And we have them, like, all over the place in the marketplace. So if I put the weekly, you're going to see, on the weekly, you're talking about, what, 207 million. And then we tested it with 96. And I only got 66, you can see. This is, yeah. You know, this has been coming down for quite some time, but this is saying it's getting tired. And it's also saying that more than likely you're going to see a pop. So that's encouraging. The XLF, we get into the XLF and take a look at the XLF here. XLF, that's coming into 65 million. You're only doing 25 million. We put this on a weekly. You're pulling back with 151 million, going into 209. That's, this is saying to me that you're going to, we're going to rally into, which is I-4th weekend, folks. That's how this is set up. That's the market set up like that. We just went through the XLE, the XLF, and the XLF in particular, if that wants to rally, man. You know, it doesn't have to rally much. I'm not saying to the moon, that the XLE looks to me like it's also going to rally to the top of its wing. The Spy and the X want to rally. What they want to do is that they want to go at least test their highs. And what does happen, you know, coming into the July 4th weekend, it's normally a very positive deal. You know, I don't know why, but I'm glad it is. But you can see, well, let's do this on a weekly. What happens here on a weekly? Yes, on a weekly, on a weekly coming into 387 million, and we're backing down with 284. You know, you get something like that, this high, it's a high volume high. It's laying out here for 4390. It says it wants to get hit. I mean, you know. And if that's what we get, this is going to be like one of the hottest pullbacks that we've seen in a monster way. I mean, in a monster way. There's no doubt about that. Pull this up. The cues, we put the cues on a weekly, same setup. The cues are coming into 258 million, and you did 190. You know. And we go back to the E-minis, it looks like this E-mini wants to, did you see how it came down twice? And then all of a sudden it's like, okay, man, now I want to go. And I got to see where I stand here, man. Okay. I sold. There we go. Okay. So, you got the, you got the spin on this, right? You see this E-mini right now? And this is, so the second time that we came down, right? See the second time that we came down here? Well, we, first off, what you did is this. We rejected the lower price, right? And then this got tricky, because see how it came down again, but if you, well, if you're trading intraday, and I apologize if you're, you know, getting sick of this, but I'd really like you to get how this works, because it's pretty consistent. So, as this came down on price, you only had 23,000 contracts going against 39. Now, you just do the opposite. So, you get eight minutes into it. And now we're at 23. So, this got, and you pull over this side. So, this needs more contract volume right now. That's how this is laid out. Let me do the NQs for a second. NQ. So, you can see how this one lays out. Because I know we get a lot of future traders out here. If you're trading futures, man, this is totally where it's at. So, same setup. You come down with 9,400, yet you're going at the 615,000. And now this one, you know, needs more volume. This is weak. Stay right there, folks, we'll come right back. 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So he's pushing out a tender offer on the SpaceX and the first one. So let's see what it says here. He's selling he's offering to sell inside of shares at a price that would value the SpaceX at 150 billion. That would be the most valuable U.S. startup period. What he did he's looking to do he's looking to take in 750 million on this tender offer. The 150 billion valuation would compare with 137 billion in January. So he raised money last January this January. Let's see we're in June right to January. He raised money in January at 137 billion dollar. And now he's going to raise it at 150. And look at 750 million. Man they burnt through some cash though. Listen to this. This is wild man. So where is it? Come on. They get five million. Hold one second. There's five billion. No. Yeah. Oh no. He has plenty of money man. He's also a kid around. Look at this man. This is pretty amazing. So yeah. I wonder how these big companies do this. OK. So let's check this out folks. The 150 billion valuation would compare with 137 billion reported in January when SpaceX raised 750 million from investors. SpaceX has five billion dollars with the B on his balance sheet. So even though they have five billion on the balance sheet they want to raise 750 million. It's listen man what he does is always smart anyway but that's so intriguing. I guess he probably always wants to have a lot of money on his balance sheet which is always smart because that's how it always works folks. OK. When you don't need money you know it's a lot easier to raise the money. I mean you can imagine I mean just looking at that it's like OK hold it you know I can see why you could raise that money pretty quickly and I'm sure he will. SpaceX successfully deployed 50 additional satellites adding to the constellation. It used to beam broadband internet coverage to the earth below investors are watching closely to see whether Musk will spin off Starlink. Starlink is a whole other deal. I see but he uses he uses SpaceX to send up Starlink. Yeah that's what's going on. The company sends payloads to the orbit for private sector customers as well as the national ergonomics and space administration of the government agencies. It also ferries astronauts to the space station for NASA and has run its first private space tourism mission for civilians and and it basically has another deal with itself sending the the Starlink's up there. So let's get back over to this S&P and see how this thing's working out. OK so we go into the futures. Now what are you going to be looking for. Let's see where OK this bar is six minutes into this bar. Well you can also see this last bar we did it had the volume. See what just happened here. Volume which 29,000 contracts took out the bar before it or 23,000 took out the bar before that or 27,000. That means it wants to go. It's going into only 21,000. That's what you want to see. You want to see it was 29 into 23. Let's go to the NQ's. The NQ's have moved. Interesting. That's just that. Yeah the NQ's haven't got over it yet. So right now the and yeah I'll just bring the spy up in case you don't trade futures. You can do this in the spy too. It doesn't matter. You'll just see the spy also this bar here. Let's see what it was. 1.7 million going against 1.8. Now you need more. You're going to need more. This bar here has a hundred and now 1.09 right now but the next bar only has 1.21 that you're coming into. And I'll go over to the continuous contract. There's a question about the continuous contract in oil and my understanding I'm going to put the volume up but I don't believe that the volume accurate on yeah see they're not at least the volume that I have Peter is not accurate on the continuous contracts. What happens the reason one of the reasons you put up a continuous contract is at least I know where the prices where they string the prices along but you can see there's no way we these are all I don't know hold it one second this is not the continuous one second CL 1 CL 1 okay so let me put this up I see yeah I see what you're saying okay so let me see what this question is yeah look at the CL continuous contract it looks like the volume is reflecting the Q contract end of quarter as well yeah actually when you okay so if this is accurate yeah you're coming down with lighter volume because that would be 2.99 versus well that's that's what I think I said anyway yeah I mean this is this is saying that you actually you know this wants to bounce we have the difference in the oil contract is that you didn't get a rejection of lower price yet so you need the rejection of lower price with the volume contraction at the same time that's how I kind of like these things setting up apple let's go take a look at apple hey I love the new name too magnificent seven you gotta love it man now apple look at this I mean this is let's see 187 21 so this is going over a tie today like check this out man this is sick this is going over a tie with 36 million shares versus 101 that is really bizarre but guess what that's the type of market that we're in right now that's what it comes down to and this is what you have to remember so you don't remember this too the because the inflationary period that we're in that well just just like this okay a dollar I'm gonna put this up when we come back just a dollar today is not worth what it was even three or four years ago so when you look at it that that aspect you gotta remember that the market will basically price in higher prices but in fact if we sold all our stock we still couldn't buy as much and that's something that you have to wrap your head around and I know at the beginning it's kind of tough to wrap your head around that but if you saw what Zimbabwe did I remember sitting right at this desk man why should Zimbabwe go to the moon and I was like what's going on well you're still you that the stock market went up like thousands of points but you couldn't buy anything okay so that that's the tricky part about numbers Dow Dow industries down to 17 as except 145 S&Ps off 34 stay right there folks to come right back are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful 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already just hit the four 33 98 you get the volume going up so my take is that it's gonna they're gonna try to nail the four 34 at the close and it was so wild then it's like there's so much money on this deal you know because if you if if they pin it it's called pinning it the market makers themselves they're pushing this thing around so quick and and you know you got bears and bulls on both sides i mean so the the bets are laid out on both sides it's not like one has a bigger chance than the other they don't it's just that as you get closer to the you know four o'clock level you know the bottom line is that normally which side it's on particularly on and this one here i'm watching the volume the volume is expanding right now is it's getting up there you know and they got plenty of time and you know five minutes in the market is a huge amount of time especially at the close you know because we'll end up happening one side will throw it throw it in and nail the other side that's that's kind of how it works you give up one side you go after the other side because your probability is that you might get it so pretty wild always remember folks the bank and chloe hot out the bull can run you over and thank god there's always another trade health happens in prosperity have a great weekend folks have a safe weekend come back and visit tomby monday morning kicks us off 9 a.m. great show folks