 Welcome folks this is Tom O'Brien of TFNN. We have five days a week. We go seven hours a day We go 24 hours a day in the internet at TFNN.com Always remember folks, whatever you think about you bring about whatever you focus on grows. Hope I was having a great day Safe day. It's making a great night folks. Don't make assumptions. Let your life be transformed When you stop making assumptions your word becomes impeccable and your life is completely transformed magic just happens In your life what you need comes to you easily because the spirit moves freely through you Let's take a look at it out here. We have the now industrials down 73. Nasdaq off 122 S&P's off 27 Go go contract up $2.80 trading at 18 79 ounce you get silver up 15 cents 22 dollars 22 5 cents an ounce light sweet crude Up 90 cents 74 dollars 29 cents a barrel notes and bonds a 10-year note Down 28 takes trade in 113 17 the 30-year off full point at 129 oh two and King dollar King dollar right now is trading Up 694 ticks 103 607 the year is at 107 The ends at 132.52 and the British pound is at 120 to 1 at US dollar iPhone numbers 877 927 6 648 give us call folks one that's going on in your world and the world of the S&P's Let's take a look at them. I'm gonna bring the contract up first e-mini contract to see where we Speculate this thing is coming into the close. So yes Okay, let's see we get out here see if you never it's a small out Consolidation all day long You get nothing at the highs. I'll tell you that man nope Yeah, so I can open this up a little bit more, but yeah, this thing was this thing wants to go to the lows again The low today is 41 oh four. So it's gonna be interesting watching this thing shake out You can see so pitch of this the the first high that we had at the open here, right? The futures hit the 42 32 Then we went straight down and that's where I think we're gonna be going here to that 40 101 you went down there with 46,000 contracts you made the next high with 28,000 contracts and Then you made it with 19 With 22,000. Yeah, and right now. Yeah, see you later, man. See you don't want to be a we just did 309 See the expansion of volume right now. You can see we're already 21,000. It'd be the next tick next bar. That's coming down That I suspect, you know this thing will pick up a bit NASDAQ we go take a look at the NASDAQ will do the same type of exercise inside the NASDAQ here so NASDAQ Pull this back same setup right now. You get yes the same set up. Yeah, the low bar has a 14,500 then the high bar has 9,000 the second high bar has 5,000 the bar that we just did is 6 so you build some more cars to try to get down to that level Gold we go take a look at the gold contract out here gold right now is trading up $2.80 And what we had with gold out here, so we take a look at this You know bottom line is that my take is we're coming back to the Strength and now it's going to get intriguing because to see exactly, you know What type of volume that we have as we go lower? Because they're what you have is that strut there the point three a two of the last move up is that 1848 The 5.0 is 1810 so right now it looks to me that that's that's where we're going with this whole deal That's where it looks like And it's because of the fact that this is the you're gonna be able to put this together so well folks because the correlations are so direct you know if we go over to the Dala and if you just just look at it I take the very highs that allows if you take a look at the dollar what you have is that at the point three a Two is one oh six 600 we're in a one oh six one 65. That's a long way. That's not a long way familiar But my take is that even a dead cat bounce. That's where we're going to go Now if you haven't test-driven that the tag is then yet folks, please do it. It's a buck It's a dollar. We only tried to dollar because that way we get no scams in there Now I want to show you something because if you're in the den this morning This is what happened this morning now I've explained this before and this only happens two or three times a year folks Okay, but if you are a day trader and You're in the market. This is where the weighting structures are so crucial to understand inside particularly inside the oil and gas Gold market and the reason for that is that in both cases, right? The mine is in the oil and gas Exxon and Chevron have a huge position in the oil and gas Newmont and Barrack have a huge position and the gdx. Well, what was happening this morning, right? This is pre-market This was insane, but I've seen it happen before is that at seven o'clock this morning And that's when things get real liquid at seven o'clock this morning. They were bidding up the gdx They were paying 20% that well 37 cents higher than where it was it was trading at 340. Okay now as that's trading at 340 You would have went over and you went to Newmont and Newmont was trading down three dollars Now mathematically that's impossible at the open and the reason that it's impossible folks goes like this Doesn't mean that it wouldn't happen because then the net asset value they can go with the net asset value but the point is is this is that those are the things that you Can take advantage of before the open and in this particular case. There was about 30 cents there that You know bottom line know some there was a lot of people that weren't paying attention That's the bottom line because inside the gdx They saw see they were buying that I think when I I sold it When I sold it at seven there was only about 36,000 she has traded at that point Okay, that's a seven o'clock this morning now what you could have done also is that you could have went in and bought the dust Because that would work too The point is is that and this is where I'm gonna go back to the gdx and show you because the way you do this, right? You you understand the weighting structure and so if we put the weighting structure in here What you're gonna see is That new want was 12.5% of it barrack is 10.3 now what that was happening new want was down $3 barrack was flat So it's like okay. You have 25% of the gdx that is not gonna move They're actually gonna go lower and they will Bidden up the gdx you get the point of it Okay, so you want you know if you trade a lot you get fast trades That's that's a sweet trade because all you do you're selling one You're buying it right back as soon as it gets you know Delta neutral meaning that they they come in back into whack That's though. That's how it works folks. Okay, stay right there folks who come right back We have the Dow Dow industries down 64 and Aztec's off 134 S&P's off 28 come right back