 It's a presentation of TFN. 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 Eddie and Bookarton. Hey Eddie, what's going on? Hey Tom, how are you man? I'm doing great man, yourself? Good, good. It is a treasure to have TFN and every hour during the trading day to be there to help you to guide you and even to give you some peace of mind or like that somebody else is there with you while you're trading this crazy market. These are up or down. Well listen, we appreciate you growling and prowling us out here because we wouldn't be out here folks if we didn't have all you guys gals, tigers and tigers as clients and you know the market teaches you every single day man. Now, Tom O'Brien. Welcome folks, this is Tom O'Brien of TFNN. We've got five days a week, we've got 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 growth, hope everyone's having a great day, safe day, just making a great night folks. To master love you have to practice love. The out of relationship is a whole mastery and the only way to reach mastery is with practice. To master relationship is therefore about taking action, not about attaining knowledge. Mockin' wise, let's take a look at it out here. We have the Dow Industries right now up 13, Nasdaq's off 80, S&Ps off 2.5, Gold Contract trading down $10.40 at $18.03 in Oats. We got Silver down 50 cents, $20.23 in Oats, Light Sweet Crew up $2.27 at $94.20 notes and bonds. The 10-year note, down 19 ticks, trading out of the $119.04, the 30-year off a full point plus 26 at $140.04 in Kingdala. Kingdala right now is down 89 ticks, $105.107. The Euro is out here at a price point of $102.00. The Yen is at $132.00 and the Brisk Pound is at $122.00 to $1.00 U.S. So, iPhone numbers 877-927-6648, give us a call folks, one note's going on in your world. We're going to go to the world, the NQs first, because the NQs are doing an intraday ABC structure on the way down, folks. Now, the S&P's not, so it's going to get really intriguing to watch this shake out. So what you had out here, they bottom line, got the NQs all the way up to $5.75 out here. Right now, you're at $3.13 and you can see the bottom line, let's see. We had 14,000 contracts, took that out, well, no, maybe we didn't, $10,000, no, it didn't do it. That's interesting. No, neither one of them had the volume when it took it out intraday. That being said, and the NQs, the NQs are trying to make it over that spike low that we had yesterday. The spike low yesterday was $13,237. That's how this baby's shaking out right now. You can see the last 10 minutes, that was a big bar man down there. Now, check it off, but that's a high volume bar. When you get high volume bars, whether it's daily, weekly, intraday, intraday men, they love going after them. If they don't go after them today, they're going to go after them tomorrow. So let's go over to the spy first. We take a look at the spy, what you have inside the spy, gave it up on price. The spy got to a price point of $4.24. And I suspect we're going to have here, folks, is that, see that last, like in the spy, I don't think the pullback's going to be as much. The spy looks to me like $4.13 to $4.06 is game. It's a high volume bar. That's what I'm doing here. And that's not where it broke up from. Now, the Qs, I suspect, are going to go right back to where they took off the last time. And the reason is that that's where that bar is. See that bar right there? That is $308 in the Qs, they're $321. So what you're going to have out here today, you're going into this $116 million yesterday we were talking about this, that it's weird, man, when you go after a swing and you can't take it out and you get a big day, that was like, OK, and then there was a head fake this morning. No doubt about that, man. I was saying, OK, you want to jump the ice, but it was dicey. Bottom line, gave it up and gave it up in spades. That being said, so my take, and this is kind of cool how this is laying out, too, is watch this, because that is also the .382 of the whole move. And that it totally makes sense, that you have that .382, they line up the exact same way, that side of strength out there. And I suspect what it's going to be about, OK, what it's going to be about is the DXY. That's the bottom line, OK. So what we had out here is that we had a brake blower with conviction, OK, bottom line. And I suspect what this thing wants to do, which would be a mind blow, but this is how it works, man, is that it will go back up and, you know, the brake that we had occurred inside the dollar, the same the dollar, wants to go to 97. And what happens is that you're down here, they're still trying to make its way back up and brake inside the trim line again. You know, more than likely you'll just hit the trim line, give it up in space. But as that's doing that, that is going to put pressure on the market, because the bottom line, the market cannot stand the strong dollar. It goes out of its mind, literally, OK. Now, let's go into the gold contract. We look at the gold contract. What do you have at the gold contract? Gold contract's down 10 bucks, and you can see, as a lot of the targets are setting in there, man, gold couldn't move when the dollar was down 1400 ticks yesterday. Now, all of a sudden, the dollar just goes down a little more, and bottom line, look what happens. That being said, what you have is that this is so light of volume, folks, the bottom line, gold wants higher price. We're pulling back today 10 bucks. You only have 111,000 contracts. I believe we're going into 199. We're going into a good number. Let me see what this is. Yeah, we did 155 yesterday. We're going into 169. This is not a lot of sellers. You know, we can pull back further, that's for sure. But the bottom line is that the sellers aren't out here. Let's go take a look at some of the higher volume equities we have out here. Today, you get, let's see. I got AMC, the meme stocks, that's up $1.71. Ford's up $0.26. You got Nvidia down $1.56. Amazon's off $2.50. No big numbers here, man. No real big numbers. Let's go inside the Dow, industrials, and see the strength versus the weakness inside the Dow. Oh, Disney's going to be their number. Disney, they came out with their numbers, decent numbers, and the expansion of price is amazing, man, 38%. So Disney is putting 33 positive points inside the Dow. You got Traveler's 26, Goldman 25 taking away from it, United Health 46, Amgen 22, and J&J 100. No, I'm sorry, 20 points, 20 points. And inside the MDX 100, the strength versus the weakness there. You got Pinduodu is up 4%, you got Constellation Brands up 3%, JD.com up 2, Airbnb up 1, taking away from it, DocuSign, that's down 4.5%, you got Zoom off 4%, you got Splunk off 3.6, and bottom line is that this little baby, yeah, it didn't take the B point out with volume, but it wants lower price. Dow industrials right now, flat, Nasdaq is down 85, S&P's are down 4, stay right there folks, come right back. For booming inflation, we are purchasing powers eroded that's no better place to protect your hard-earned money than in gold. Vistagol's flagship asset is the Monttard Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure and a politically safe and friendly mining jurisdiction. Vistagol just completed the Monttard Feasibility Study, which resulted in a 7 million ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational, as well as environmental permits. This distinguishes Monttard as an attractive, diverse party, ready-development stage gold project. Vistagol trades on the New York Stock Exchange under the symbol VGZ. 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. 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After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. Toll-free at 1-877-927-6648, internationally at 727-873-7618. Welcome back, folks of Dow. Dow Industries up 27, we get the Nasdaq down 67, S&P's aflat. Let's go to our man, Tom and Tampa. Tom, what's going on, brother? Hey, Tom, how you doing? I'm doing great, man, yourself? I'm doing great, man. Good. Heck of a call there on Disney. I remember it was back around 99-100. They could take out that swing point at 110, then do a dead cap bounce up to 117, which it did. I mean, this thing, you know, it came straight down, to me, it looks like you can almost still get in this thing. What do you think you might see on the pullback here? Yeah, so let's take a look at it, okay? So when you look at it, it's amazing, too. And Tommy was talking about this on a show this morning. You know, the low for the folks is $90, the high is 187. I mean, Disney got absolutely smoked. It came right back, now check this out, man. This came right back to the pandemic lows. I mean, well, it actually came back to the highs of the lows. You know, I talk about this a lot. It actually dug into it a little. So the high of the low is 98. And now it had 169 million shares, and we rejected it with 54 million. Yes, Tom, I think that you're definitely going to be able to get into this, and I think it's, listen, man, you know, you're in Florida, I'm in Florida, and this is what's really intriguing, too, by the way, folks, okay, because that's free parks. There's another amusement park and free flags, six flags, rather. They come out with the numbers yesterday, and they weren't great folks, okay? Disney's a whole different animal, man. And they're particularly a different animal because they, now I'm shifting from the parks to the streaming, I mean, they went up 38% in their streaming. So by the millions, yeah, it's a big number. You know, I mean, a way to try to do this. So Disney went to 123 today. It's at 117, and more than likely, Tom, I think we'll finish, fill this gap, man, and try to get it near the gap. Like the gap is 111, you know? You're rare on the 111, okay. Because if I'm right in the context that we're going to be going low for a couple days, this will probably get out in there and fill it. And then you know the routine, okay? The routine is that what happens, folks, is that as it's coming down, you want to see a dramatic drop-off in volume. Like you want to see less than 13 million. See that, let's see, that was last Friday, right there. If you can get that test with less than 13 million, you get action. And you might have a consolidation or something. But what does happen is that when you take this type of consolidation, you can take the 116 and then take the 90. So we got, what do you call it? So that's 26, 36, 41. When you do that, this stock wants to go to 141. That's how this is set up. So, pretty cool, man. Gotta love it. About time, I know, because there's no doubt. The type of, yeah, I mean. Well, I mean, they own 90% of ESPN, too. I mean, you're talking about the streaming. I mean, these casures, I mean, they're a powerhouse. And you know what? Folks, what happened yesterday, and so the Big 10, you know, big football, no doubt about it, ESPN dropped out of the auction. And I think it was one of the smartest things they ever did, man, because guess what? You know, it's good football, there's no doubt about that. But it was like blasted at 450 million or something. So CBS is going to take it over. I think, I thought that was a good move, Tom, in general. Do you know what I'm saying? Because it's like, they have so much. And the bottom line is that, yeah, I just, yeah, I didn't think it was, bro. Go get an eggman. Yeah, okay, Tom, appreciate it. Have a great one, man, have a safe one. Let's go to Frank and Gloucester. I'm gonna dive right in that water, Frank. I'm so hot right now. I'm gonna dive right in that water. How you doing? We'll cool you off up here, kid. You certainly will, I know, man. Yeah, the water's still unwarmed up yet, late August, early September. I know, it's deep, cold water, and that takes a long time. It's not like the Gulf of Mexico where it's a big bathtub, folks. You know what I mean? In a monster way, seriously. Lots of hot water down there. Yeah, so let's go. I'm looking at a couple of things. I wanna take a look at Vail, V-A-L-E. But before we do, I'm looking at this fire on a monthly basis, and I see high volume for most of the year of 2022 with the spot. And even this summer, you know, we've gotten fairly high volume for summer. What's going on? Let's take a look at this. Let's put this up. I wanna just keep doing this. In July was a little low, but. Well, you get, this isn't a cool thing. See, we're looking at the monthly shots here, folks. I wanna show you something. The largest volume we had was in May. And that's, you know, the bottom line there was 2.4 billion. And then June, we did 1.9. You could say that, okay, this is where, you know, the cellar died down. We went up last month with light volume. No doubt about that, man. 1.4 is light, okay? So we'll see where this goes. I mean, I think we're gonna commit to some flak here, man. I mean, that's kind of my take. You know, it's gonna be one of these things that I suspect. It was just like we had a nice acceleration up. It didn't stop, didn't stop, didn't stop. And today, folks, when you get a day like today, this is like the ultimate that unfortunately people get trapped. And what it is, is this. Is that because we accelerated up so fast, you know, when you're normally just, you know, looking at technicals, it's like, oh man, hold it, this is a breakout. And plenty of people buy breakouts. So what happens, and I expect what's gonna happen to this close today, I think it's gonna be a nasty close because of the fact that you can get very complacent when you have a market like this. And I suspect some people just say, I'm gonna buy this, period. And then all of a sudden, you know, they go to work, they come back, or they look at the market and say, what the heck happened here? The S&P's up, you know, 30, 35 points and all of a sudden I'm down a point, you know? And that, for us in the computer all day, that's the problem. There's no, you know what I mean? So normally when you have a day like that, you get choose pretty quick. So, you know, I just think there's gonna be a normal pullback, but I think what will probably happen, it should be a pullback that people really get nervous. You know? Because we know how this goes, man. It's never easy, you know what I mean? It's like, okay. Yeah, that's for sure. Right. So hey, what's- Jump over to Vail. Oh, I'm sorry. Yes, I will, yeah. Because then we're gonna bring up the, I know a contract too. I like what Vail looks like, man. You do, okay, good. I did. I got into it. No, I did. I do, I do. Now, here's a specific question. This came off the bottom at 1220 back in late July, and it ran up to 1390 at the end of July. Yeah. Then it did a retracement back greater than the 618. And I know a lot of times in the past, you've talked about gold stocks doing 618 retracement all the time. Yeah. Is that, does that mean that these sorts of things can still be a valid ABC pattern? And I should look for a D projection? No, no, no. Okay. No, but stay there. We're gonna have a quick break because I wanna show you what we wanna do. This, you'll get used to, like this might take us, this thing wants to run to like 15.57 pretty quick. And then what we do, we'll bring back folks as soon as we come back. And I'm gonna bring up the INR contract because this is all about, they have so many commodities, it's amazing. But their INR is monster. Dow Industrial's right now up nine, Nasdaq's on 77, S&P's are up one and a half. Stay right there. We'll come back for Frank for Gloucester. HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the gold report, sign up now by visiting tfnn.com. Don't miss out on the next great gold trade. Sign up today. Sharpening your skills as an investor is like getting better at playing a musical instrument. 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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, I'm Dyle. Dyle's up 20, Nasdaq's down 67, S&P's aflat. We're talking with Frank from Gloucester, and we're talking about Veil, which is a monster commodity stock, folks, okay? They have just about everything, but their biggest part of this is iron ore in a monster way. But just to get into the rest of, I mean, you can go into alloys, gold, nickel, copper, you know, aluminum, potash, the whole ball of wax. So if we look at iron ore, Frank, let me get the contract up, okay? So we're at 737 a ton, and what's amazing about iron ore, man, this thing, I mean, goes all over the place. I mean, you can see in the last six months, six months ago, we were at 632, five months ago, we were at 915, last month we were at 600. The way this is trading right now, this is consolidating, and what, you know, you can see the volumes, man, these volumes are extraordinary coming in. So this very well may be another ABC up. And what happens, folks, when you have consolidations, right, the cool thing about them is that, yeah, you can see that, you know, the bottom was like 632, this spiked to 598, and then it closed at 614, and then the next day it was at 634 again. So, yeah, when you have something like that, it's like, okay, now you've got to go up the other end. I mean, I know that sounds too simple, but the reality is that that's what they seem to do. So that doing that, that will continue to put some juice into veil. And if we go back to veil again and take a look at it, and what happens with this, folks, if you're looking at this and you see all the gaps, these, you can't look at this in the aspect with gaps, because what ends up happening is that this is, this always gaps, because what you have is that it's a Brazilian company, okay, and it's traded in the real. You think it's real, that's the correct term. So you're always gonna have gaps, okay, when we open or down, close, that's how it works. But I like the setup, man, you know, I think we're off the bottom, and if we are, you know, once you get inside of, yes, see, we're almost inside of it. See this inside of $14.51? That brings you into the next range, man. That's what it does. Okay, okay. And, you know, what should happen here, that this is gonna get intriguing with all commodities, I think, is that the strength of the dollar has killed all commodities. No, well, it hasn't killed oil, that's for sure. Now, if I'm right in the context that this dollar wants to pull back, you're gonna see more breathing room in these commodities, man. That's just how it works, because they're priced in dollars, you know. That's what I'm looking for, I'm looking for other quality. Gold seems so sluggish. It is, man, it's unbelievable. Hey, listen, we know how this goes, it is to it's not, you know, but if there's no doubt, it's like we could make the point that, hey, man, there's something wrong with gold, you know, one of the targets in the den, you're in the den, I saw him when he's saying, or she's saying, you know, hey, man, you know, we were down 1400 ticks and gold couldn't move, and they're absolutely right. I mean, there's no doubt, there's no doubt, you know. I can remember years ago going on vacation with my portfolio loaded up on gold, and I went overseas. Yeah. And I came back and it was all your newsletter stuff, and I was 19 grand to the good. No, I could sell that stuff fast enough. No, when it hits, we know when it hits, and folks, when you hear these types of stories, right, what happens in the gold market is this, when it runs, it runs in an extraordinary way, and as Frank did, you gotta sell. One of the saddest things that I've seen actually in the gold market, and, you know, even in, you know, we ran gold in an incredible way from 2001 up to 2011, we got out, we flipped it into real estate, and, you know, I did this equation on the air, folks, okay? You know, you get 100,000 in gold, it goes up to 300,000, you sell gold, you take the 300,000, the market had crashed in real estate, you buy the 100,000, well, the 100,000 went to a million, okay? So, gold is to be traded, not basically to hold forever, because the end of the world's not coming, folks. That's the bottom line, so. Cooking, brother. Okay, man, have a great one, have a safe one. Let's go take a look at some of the higher values out here, higher volumes out here, well, actually, I'm gonna go, let's go look at the indices as to what the volumes are looking like right now. So, we're 542 in the NYSE, that's gonna end up doing about 85900. Inside the composite, okay, so in the composite, oh, this is gonna be interesting. Now, see, this is cool, so listen to this. The composite already is at 4.9, so the composite, now this is where this really gets awesome, man, the composite's gonna come in at about 5.5 billion. Now, what that means is that just because we didn't hold the price, people are gonna get really nervous, okay? You're gonna pull back and say, okay, is this it? Is this the monster or whatever it is? What we're gonna have, folks, is that we are gonna have a higher high with volume. That's about as good as it gets, meaning in the context that you turn around and bottom line if you buy the dip, that's what it comes down to. You know, this high right here is gonna have volume today and that's what you want, because we're also coming into, you can see what's happening, we're coming into May 4th. May 4th high was 985, 12,985, and we took that out, okay, so let's go to May 4th. Now watch this, let's go, May 4th. Okay, remember, I'll remember May 4th, I gotta remember the volume, May 4th, May 4th, because what you wanna see there is that May 4th. Okay, this is awesome, man, check this out, folks. See this May 4th? May 4th right there is 5.3 billion shares. So what I suspect is gonna happen is this, we already took that price out, we're gonna have big volume. And so this retracement, my take on this is that this retracement, that's all it is, the retracement. But because of the way that markets like to move, as Frank and I were just talking, it'll, they'll be a little scary here, man. There's something that's gonna flip around here because it's just, markets don't stay this smooth, let's put it this way, even when you're on one side and the other. You know, so I suspect something will go, the cool thing is, if it comes in with that volume, no man, I'm telling you, that the probability is so much higher that bang, you're gonna go right back up to that level. You know, it'll, yeah, we'll see where it shakes out, but that's how it, that's my take on it right now. That's how it shakes out. Let's go take a look at the GDX because as we were talking about, you know, it's like they're holding gold down. That was, no, when I say there, that's the whole market. If we go to the GDX though, see, this is a good setup. Yesterday, we went higher with 18 million, we're only down with 12 today. That's what you're looking for. You're going into the gap, the top of the gap is 2630, we've made 26, so this will come down lower tomorrow too. This will get, that'll fill that gap. If you did see this, is that it's gonna be intriguing to see what type of sentence the J.P. Morgan traders are gonna get. Those two big dogs, man, got guilty. The end on spoofing, you know? And so what had happened is this, J.P. Morgan themselves had paid 980 million as a fine. Now the bottom line, these two guys are gonna go away. Now the last time that this happened in a deal, the people only got one year. So that's a joke, by the way, okay? You're taking everyone to the clean as you get one year? Yeah, that doesn't even make any sense because the penalty is like decades. I don't think they should go away for decades, but it'd be nice if they can go away for a few years, right? Yeah, because I can imagine, would you always have to remember them? You gotta remember the guy that's trading one contract, one contract, they're just grabbing everyone's money. And yes, white folks, the market's bad enough, but you gotta play right out of the rules. Stay right there, folks, we'll come right back. This to gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. This to gold just completed their feasibility study, resulting in a 7 million ounce gold reserve. This to gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accretive transaction. This to gold trades on the NYSE American and TSX under the ticker symbol VGC. This to gold executing a strategy to create shareholder value. 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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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. Tom O'Brien! Welcome back folks to Dow. Dow Industries right now trading up 20, you get the Nasdaq down 73, SAPs are up one and a half. Let's go over to the spy again because there are some gaps in the spy that a couple of the tigers and tygruses are looking at to fill. And yeah, that's, you know, the one on the spy, yeah, I think that's gonna be filled to 412. Right now you're 419. Because it's also lining up right with that high volume bar. You can see that high volume bar laying out there at the top of that is 413.01. The gap is 412, you know. So I suspect that yeah, that's gonna get hit. What does, let me go pull this one there. I wanna see this one, okay. So one, that's May 4th also, right? So May 4th, you know what's gonna be interesting about this folks is that the Nasdaq looks that it just, this is just like before we even started a downdraft, okay? Because the Nasdaq bottom line is leading again. Okay, it led the way down, now it's leading the way back up. Now May 4th, right there, it's 1.1 billion shares. And I just don't see, we're gonna get, we're not gonna get 1.1 billion out here today. They're at 560. So the bottom line is if you are looking to buy that dip in the next few days when this thing, you know, goes south in a week or whatever it is, keep that in mind because it looks to me that you're gonna have the volume inside the Nasdaq composite and you're not gonna have the volume inside the Dow industrials and the S&Ps, yeah. So that sets up a divergence, no doubt about that. You get diverged, that's happening out here. And then actually let's go to the Dow. Let me go to the Dow right now. I'll take a look at this one. Okay, so the Dow, that's May 4th, 24th, 117. We didn't even make it up there. Yeah, the Dow can get back. Yeah, see, this will ruffle some feathers, man. The Dow can get back and fill this gap. That gap's 32,007, yeah, it's 500 points. That'll ruffle some feathers, man, yeah. Yeah, that's what I suspect we're gonna do. And we'll see where it shakes it out. We know that this expansion has been wild and it has come into the weakest point of the year. The weakest point of the year is right now, folks, okay? Really started at July 14th approximately. Goes right up until September. Most times people think that October's the worst, but what normally happens is this, is that the market keeps heading down, heading down, heading down, makes a low in October, but by the time the end of October comes, it's already going back up. And so we look, let's look at that calendar one second. Let's see, so we look at this calendar. And this is pretty cool, man. So you get, yeah, we're talking about seven weeks, man. Yeah, this is gonna be, this is an amazing trading market, folks. Absolutely amazing. And folks, as you're coming, if you have a bottom line, if you have any interest in the metal market, if you come over to TFNN, what you're gonna see is that right under featured content, bottom line, you can save 50% for the first month for the gold report. Now, what also happens is this, is that you'll save the money, but guess what? If the gold report doesn't work for you, don't even worry about it, okay? Bottom line, you get the money back. It's a good report, that's the bottom line, folks. So check it out on the front page of TFNN, you wanna save 50 bucks, well, you save them more than 50 bucks, but the bottom line is that you save them 50%, and like I said, if it doesn't work for you, bottom line, I love how Steve Rose says it, that you get a free for 29 days, because it's 30 days, money back, but it's 29 days, there you go. Here comes the close, and what this close is about, folks, is that when Frank and I were talking a little bit earlier, when you do get a break topside, and particularly you get a break topside after that you've had the market running, you get a lot more people buying, and they're buying, though, and then they're not looking at the market because it's just a given that the market's gonna go higher, and this is why I always say the market's job is to take the most amount of money away from the most amount of people, the least amount of time, it's the most efficient mechanism to do that, that I've seen in the world, actually, and there's just no doubt about it, that there it is, let me see, I wanna see, okay, JPMorgan, I wanna get this story because I wanna see with the, where are you? Here there, okay, so, okay, so, the farm ahead of JPMorgan precious metal business and his top trader were both convicted in Chicago on manipulating the market, this is for years, too, this is like so long, it's like sick. The third defendant who was a salesman, bottom line was acquitted, he should've been acquitted, man, if you know how the market runs, folks, the salesman is not the guy that basically is manipulating the market, now what was going on here is that there was a couple other guys at the desk also who they all got grabbed, couple of the other guys ratted on these two guys that are getting convicted and they dragged this other guy in because they were saying that this guy, Jeffrey, who got acquitted, was basically putting pressure on the trader saying my clients need better prices, better prices, well bottom line is he was acquitted, let's just go see, okay, so, they're not sentenced till next year, okay, last two that got sentenced was Deutsche Bank traders, they were convicted in 2020 and they each got a year, hmm, let's see. JPMorgan in 2020 paid 920 million and the thing is so sick about this, we all know this and we talk about it, it's like, yeah, you paid 920 million but you didn't say you're guilty. It's like, okay, let me just throw this money out. I'm trying to figure out, I'm trying to figure out, let's see, the style witness was this, I'm trying to just find out, oh, I see, they got them on racketeering charges too. They very well could do some major time but I suspect, you know, white collar, still white collar, the bottom line and we've talked about this a million times too, you can steal a piece of pizza if you're from the bad side of the road and yeah, you're in jail for two or three years and just like, you gotta go where the money is and steal billions because now when you steal billions the bottom line is, hey man, it's a white collar crime, no big deal, yeah, pretty amazing, no doubt about it. Dow, Dow Industrial's right now up 15, you get the Nasdaq down 87, Nasdaq's been trying to crack this coming into the close, let's bring this up for a second, the NQ's, see where this is shaking out, I was showing you at the beginning of the show, there's a high volume spike from yesterday that it's trying to get to and that, let's see, the high of that spike, I think is, the high of the spike is $13,290 and the low of that spike is $13,237. That's where this thing's trying to go, you know. Stay right there, folks, come right back. The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. David White's investment newsletter, the technology insider, is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future. David White has made his living staying on the cutting edge of technology. 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When you subscribe, you'll get a weekly report from Veteran Day trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. Tfnn.com, educating investors. 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 of Dow. Dow Industries up 32, Nasdaq's down 67, S&Ps are up one, Pan American Silva, man, this is nasty. So they come out with their numbers today and man, they smoked. They're supposed to make 38 cents, folks, and they commit a loss of three cents and the stock is getting hammered, man. So bottom line is that, you know, high six months ago was $30, low month ago was 17. Yesterday it closed at 21. And, you know, bottom line, don't be biting into this right now because there's just this thing that's a major loss. There's no doubt about it. It's coming into that swing point. I suspect that 17.26 is gonna get taken out. We go to the broad market, we take a look at the broad market out here. Right now the, let's go take a look at the volumes. So we take a look at the spy first, inside the spy. Okay, so you're gonna have 49 million, less light volume, actually, because yesterday we did 55, I think, yes, 68. Inside the NDX100, the cues, you're gonna have 42, it's going into 44. Yes, they did 51. So they'll get 50 million in the cues. So, see, this is pretty cool, man, because what, I always like it when, if you're getting a pullback and you have a high volume high, it is much easier to buy the dip. That's the bottom line. And this market here, what I expect, it's gonna get a little dicey. We'll see how this pullback comes down, but I do expect that those gaps are gonna get filled and your benchmark, it's easier, let's go to the benchmark for a second, because what I've found, and if you, when you're training yourself, it's easier that just to find, what you do is you find the date, because the date, it's always the same when I'm with all of them. So the date you wanna look at is the 27th of July. That's the date. That's the last high volume day that we actually had. And inside the cues, that's 306. You know, so when you look, and the reason I'm saying the date, folks, no matter what equity you have, most of the time, that's how it lays out. Always remember, folks, the big and claw your heart out, the bull can run you over, and thank God, there's always another trade. Health tap is a prosperity. Have a great night, folks. Have a safe night. Come back and visit Tommy tomorrow morning. Kick us off at nine o'clock in the morning. Great show, folks. Weeah, we'll get him, folks.