 The Tom O'Brien show is produced every business day Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618 let's go to Alan homosassa hey Al what's going on isn't it wonderful this gentleman here with the gold report right before the market fell apart ended up with PAAF we had a 98% gain in the year and I mean you weren't 99% proof like irish whiskey but we had a good game there you always told us to do what we feel comfortable with and I lose a little bit of money on the table I will but I know that I just pocketed eight or nine thousand dollars in two weeks that's a beautiful thing man now Tom O'Brien 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 everyone's having a great day safe day after a long weekend let's have a great week folks be impeccable with your word express your love impeccability of the word can be measured by your level of self-love if you love yourself you'll express that love and your interactions with other and that action will produce a like reaction I got a wise let's take a look at it out here we have the now investors down 47 nasik off 173 s and p's down 29 gold gold contract up $11.50 traded 2035 an ounce we had silver down 43 cents 23 dollars four cents an ounce late sweet crude down a buck 78 dollars 18 cents a barrel copper copper up another two pennies trade trading free 87 that's coppers on his way to 405 folks big moving copper notes and bonds you get the 10-year note up 66 trading 109 30 the 30 year up three at 118 10 and if you take a look at this 10 year folks okay what we've done here is this come on baby bring it up okay so we take a look at this and we've been testing the lows and it's having a hard time getting away from these lows that we bring this up we've been down here five days and you can see you know you're at about a 50% retracement of the last move let's see exactly who right yeah look at that it's pretty cool you're at a 50% retracement of the last move up so bottom line is that it's got to get away from this area and most times when you do get away from an area like that okay you need to sign a strength folks so a sign of strength is a wide price spread accelerated volume and then we get over to the good old us dollar we get over to dollar we take a look at the dollar what you have with this dollar we got down to 103 796 well bottom line is that we're talking about a lower range of 103 500 area 582 that's what it looks like so bottom line you get another rejection and along the dollar stays up here mind you can see market wise out here today if we take the spy we take a look at the spy well I'm going to do the cues first because the spy definitely has lighter volume it looks like it wants to reject lower price with the cues here's the divergence the cues have already got to the high volume low that was established out here last week that price point there is the 426 33 we're 426 73 we hit 423 50 now the volume is lighter okay we got 40 million versus 64 but we're going to end up doing 50 million my take is out this thing's going to get down into this next level and that level would be like 416 area and right now you're at 426 you know because what's happening here is that you have a slow roll these slow rolls are really dangerous at highs folks okay you can see all these little bars okay so first off you get the little bars up at the highs now you get and I start with the slow roll and the little bars by the way have been going on for quite some time man you know so we'll see where it shakes out gold my take is that the gold contract is actually bottomed let's pull us up we came down hard and fast man and okay so you're up 11 40 right now this has dynamite volume today 191,000 contracts we got to a price point of 20 42 there are 20 35 right now that expansion and volume after getting smoked last week is a good sign because now we're in the higher range once you get in the higher range it's like okay man here we go we take this and you're going to see we haven't broke the downtrend yet there's no doubt about that it's going to be approaching this downtrend line the next few days though and we'll see we'll see how this shakes out silver now silver had a it's interesting silver was backing down today but silver had a silver actually was leading last week yeah and see the back down today just an inside day because this was a big move inside the silver market last week yeah we got up to this price point of 23 51 you know gave it up today but yeah it didn't get to the lows of last Friday today so that's still a positive and that's saying that silver does want to make its way up to 24 30 to actually 25 hold one second yeah 24 70 to 25 that's where we came down hard and fast this will take a little to get there but my take is that that's where it's going uh in video let's go look at in video because in video is going to be going to be all about in video tomorrow not today it's after the market tomorrow and video is going to be looking to do let's do this number if you remember the last time in video came out with numbers man they were explosive numbers um and video went from quarter to quarter one the first the second quarter did 13.5 billion the last quarter did 18.18 billion yeah you heard that right i mean you talk about an acceleration now the difference here is that they're not looking they're only looking to do 20.48 and then bring $4.60 to the bottom line we'll see where it shakes out man there's going to be a lot of numbers after the close out here to uh tomorrow uh walmart walmart come out with some big numbers out here this morning that broke top side that's a monster abc structure on the way up let's put this on a weekly and see what we have here yep so it's going to be let's see how this works 169 oh fuck it's almost hit it 189 the price projection we've already hit 181 and walmart did 173 billion imagine doing 173 billion in 90 days bringing a dollar 80 to the bottom line it's amazing that store like walmart can actually keep growing now they they're only growing at two percent a year but uh sam's club look at sam's club that's growing at three and a half percent a year um well you got you got some numbers out here dow dow industrials right now trading dow 50 and azix uh off 166 s and p's down in 29 stay right there folks come back when i manage the basil chop 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 keg stats tiger forex report teddy keg stat 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 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today visit the front page of tfnn.com tfnn educating investors are you ready to take your trading to the next level introducing tom obrien's award-winning newsletter market insights your key to successful active trading tom obrien renowned for his expertise in the financial markets has designed market 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 stay ahead of the game with tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of tom obrien's award-winning newsletter market insights firsthand tfnn educating investors are you ready to take charge of your financial future tfnn is your gateway to the world of trading and investing whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques it's time to protect and grow your money with insight you can trust join us live monday through friday during market hours for exclusive content that moves with the markets at tfnn we bring the trading floor to you our season hosts are here to answer your calls and questions live on the air check out the tiger's den for just one dollar and follow us on youtube and become part of our vibrant community and remember at tfnn we're so confident in the value we provide that we are for a 30-day money-back guarantee on all new premium newsletter subscriptions and services you have absolutely nothing to risk so why wait tune in live to tiger tv and transform your trading journey because when you know better you invest better join us and experience the difference today tfnn educating investors all now toll free at 1-877-927-6648 internationally at 727-873-7618 welcome back folks down investors right now trading down the 60 you got the nasdaq off 164 s&p's are down 29 let's get over to our mammoth the basal Chapman has to do each and every tuesday at 20 past the hour and don't forget folks basal has an outstanding show here every trading day 10 to 11 eastern standard time also has a great newsletter the opening call now it's very easy to get the opening call folks come over to our website at tfnn you're going to go on to newsletters you're going to see right on the left hand side you can get the opening call for one month for $149 you get it for six months for 6.95 which is the savings of $199 or 22% and you get it for one full year for 11.95 which is the savings of $593 or 33% now they all come on a 30-day money-back guarantee basal also has about 12 archives on there so you understand exactly how he looks at the market every day and exactly how you'd ride the Chapman wave basal Chapman what's going on well what's going on is these three charts that i'm showing right now this is the daily chart of the dow the weekly chart of the dow and the monthly chart of the dow kind of sums up what i'm looking at the daily chart isn't i drew this rectangle in a while back and i said is it probably a consolidation taking place right now so that's the daily chart you can see some of the technicals are starting to weaken this is the mac dean the stochastic even the relative strength um the on balance volume the little blue line is holding well and the nine-period moving average is still over the 14 so that's good so in my work i like to identify the lowest low bar and then count each excessively higher peak like this right here yes alphabetize them sequentially uppercase on the way up lowcase on the way down peak a the next peak higher one penny higher starts leg b that makes a peak b when it turns down next uh leg is c then it makes a peak and the next one is d so you've got four higher peaks going to the d i like to look at it to say i'm upgrading from a bi-signal to a bimode at a certain point and that says you should go to at least a d at d other things can happen it can go to e f and g can recycle just a bunch of things so just moving this away for a second look what happened we've gotten to the peak d in the daily chart now we're stalling a little bit we're only at a leg b in the weekly chart and the technicals these technicals are still very strong and the monthly chart is in leg c and that suggests that over the period of 2024 over the period of this year actually over the next few months we should still have a peak c and then a leg d and then a peak d so so for all of that bullish so the way i'm looking at it uh you and i have spoken about this many times where i talk about the semiconductors as kind of the oil of the 21st century we had oil in the 1900s and the 2000s everything now has a chip well not everything just about everything has a chip and that's really important to the economy so in the semiconductor so we have a we have long positions in the dow we've had them for quite a while we've had a trading short position it's still short and now look at this the smh's there's a semiconductor made a peak f there's in the chapter wave at 207.12 it pulled back and then it made this arch formation a pattern that i look at is a pattern where let me just grab this price comes down quite sharply and then rallies to just a peak a or a b and then it takes out the left side low what happens after that is very important so we have an invidio coming out with earnings after the bell tomorrow but look he has the smh's it went under that left side lows now that market hasn't closed still about 35 to 40 minutes to go and it's got enough time to close above that that'll be important but you've already got to a peak e in the weekly chart and only a c so this is almost like the dow it looks on the shorter term we're looking at some kind of consolidation weekly chart is still good and the monthly chart is still looking for in 2024 is still good but now look at this i've spoken about what my my concept about round numbers yes that if you see it periodically that's one thing but when you see it over and over and over it tells you that the buyers are so they're so desperate to either sell or buy they don't even put the decimal they just 225 zero zero or whatever it is so look at this invidio over the last week and a half is at about four or five round numbers above 704 so they're and it's trading at 692 right now we we were looking i had to call us the other day we were looking at smci and this is this is yeah right this is super micro okay so i said you've got to take some money off i've got so many round numbers and uh and we've had round numbers um and even today we had an eight a 790.00 open look at that a high of 802.00 and it's trading at 771 right now and it was as low as 692 50 right yeah 1077 in two sessions down to 692 that's the reason why i always say you know people always talk about your tax consequences when it comes to november december or they talk about they don't want to get out because you know pay taxes i'm always saying you know a market in in two days can just destroy that theory all together yeah you've got to take profits where it's a gift and it's given to you so that's what i was saying last week that's really important take at least take something off so that you know you've rewarded yourself wait that's this smci but look at this g e hasn't had a round number in our don't how long and it's been a fantastic stock a couple of days ago it has a 147 round number 00147.00 he said a high just above uh one let me just give you the exact high right here and the high is 150.56 it's trading at 148.06 right now um and it's the first time it's had round numbers i've got about two or three and there was nothing for weeks and weeks so i'm just looking at lily you know lily goes to an all-time high just a fantastic stock and what does it do today it has a 794.47 high um friday and then it has what i call a traveling two bar reversal fractionally lower high today and what does it do it opens at 790 and it's trading at 755 right now so i i think something's happening here where we've got to we've got to take we've got to give credence to the fact that there are so many these are must be funds because it's not individuals but to be to grab something at a high be stuck with a i mean look at this arm holdings all-time high 164.00 it has a whole bunch of round numbers it's trading now at 120 it hit 115 this morning 164 somebody's looking at this and saying i paid 164 and it's trading at 115 so i respect these round numbers and all it's saying to me that straight 120 yeah and i mean this is this is a pretty serious pullback that was more than a pullback this is a you know 20 more than that it's a big decline so i look at this and i say something's happening here that's a little different and i think this is part of this rotation that we're about to go into in fact i'm looking at some areas like phosphate and i think we're we having a rotation here that says the real winners that have had fantastic moves and go ahead some have gone parabolic are going to have a digestive phase now is a very appropriate time to be looking at other areas so that's what we're doing from subscribers to opening call and folks it's very easy to get basil's newsletter come over to our website at tfnn you hit newsletters and the left hand side the opening call you are off to the races bowser you have a great one safe one those those numbers man there's so many of them basil it's amazing amazing man have a great one man stay 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 for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basil Chapman and your inbox every day 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 tfnn.com educating investors steve road started his trading career as a student almost 20 years ago and the student has now become the master steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment steve roads is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter mastering probability and you'll receive access to seven of steve's educational webinars absolutely free at tfnn all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors 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 at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either 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 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 i'm down down 36 nasdaq is off 159 s and p's are off 27 and let's go to uh what the heck i'm a oh cool uh david in chicago david what's going on brother hey how you doing tom i'm doing great man yourself not pretty good we're warming up a bit you know that's good that's real good um yeah yeah i was calling about uh might be a dumb question at this point but uh you know going into earnings with nvidia whether you should you know dump them at this point with uh you know what what they've done now do you own nvidia i'm sorry do you own nvidia i own nvidia yeah i've had a good ride with him yeah okay so yeah let's i'm gonna show you something so we get nvidia folks all right if you're watching tiger tv this was on this is a confirmed abc structure on the way up on a weekly okay your price projection was 743 we hit what are that 746 which is really crazy now you know how this thing works that's a one to one abc up okay so yeah can it go higher yes it can but that being said so i'm going to race this for a second and then let me show you my take is this is going to back off you know not a lot a lot but i think it's going to back off because what you have here is this you get an expansion of all well the volume at the highs is not bad okay but you get an expansion of volume on the way down what's sticking out like a sore thumb is like you know the 540 number but i suspect first it's like where the breakout was 636 you know right in there get tapped in there but you know let's say it's a tough one man because you know how this goes you got in and that's a tough stock to get into when you you're doing really good so it's like you know i didn't want to uh you know be foolish with uh with gains at this point but i'm just it just it just doesn't feel good uh you know going into earnings with it being well it's down you know 32 something right now so it's kind of like and you get an expansion of volume right right so you know oh yep and you reached a price projected so yeah okay i got you hey can i ask you one more no yeah sure absolutely yeah yeah all right i'm gonna ask you one i've asked you before about oh i h yep that's oil okay so the low right now two let's no 246 the highs 364 you're dealing at 293 okay so now you're consolidating off the bottom again one second let's say okay um i mean if you're in it i'd stay right there it's it's consolidating against the what is that last last year and it's consolidating with a lot lighter volume see this if you're watching target tv we put that up there that was the big bar right there but you can see there's there's not a lot of sellers down here there's not what we don't have you know i always like to see these high volume highs we don't have it but there's no sellers either so you know and you can see that bar right there that bar on the weekly 6.5 million you came into a 1.9 and then we came into it again with 2.3 so the 2.3 could get tested probably again but i kind of hate i kind of hang tight if you're in there man because it's okay this is slow moving right now which is good you know what i'm saying so yeah it's kind of close to a long-term trend line isn't it i'm some sort of trend line do it yeah let me pull this back even more than once again yeah so i pulled i just pulled it back 15 years i'd stay right there man you know why because when i just pulled this back if you go back a couple years see where i have my crossbar there at the that's monster volume there's a huge amount of support right yeah huge yeah right there okay yeah cooking brother all right thank you for the info i can't wait to see in video oh my god you got a big decision to make yeah gonna be a probably be a big move right pretty cool oh it's gonna be well the option market is is um pricing in a 10% movie the way so that's 60 bucks each way wow yeah which makes sense top of this uh 30 32 moves today we're at or you know in terms of i think it's like down 33 or 32 bucks no that'll leave that's going to accelerate i could bring up think a swim but that's going to accelerate coming into it yeah yeah yeah so 69 bucks either way thanks a lot okay man have a great one have a safe one let's get over to our man mr tim ward as we do every tuesday and thursday and don't forget folks you can reach tim every trading day at odd or d hyphen oracle or c le dot com that's odd hyphen oracle dot com tim ward what's going on brother all right uh well let's start looking at the bigger picture okay let's and we'll kind of go backwards here but okay uh the first uh chart number one we went over this i think last thursday but yeah just kind of a repeat so we'll go quick but you know this is chart goes back to 2006 and shows the times when the uh rsi just the rsi 14 period reached 80 every time it's done that usually you get a uh trending market uh trending market can last months and in most cases you know the marked halfway point of the move up but the blue uh circle areas on the daily spy chart yes the middle chart there okay you can see a lot of time it comes in the halfway point and we had that 80 reach i think some i think it was january 18th have to go back and look but not too long ago uh so we may be halfway done for this move uh on a bigger uh this is not every day or even every every week it's going to be an up week but does suggest that if you do have pullbacks or you're usually going to be minor pullback this is you're not probably going to have a 10 pullback uh when this this time happens okay so let's flip uh still flip to chart two yeah we have it third window up we i think we went over to last thursday too and the third window up is the 63 day uh of the trend and every time it gets above 1.1 on a 63 day period so that's basically three months of trend reading yes average comes out 1.1 or higher when you got that a lot of time to get a trending market which is all the blue areas and the chart and this chart goes back uh can't see here looks like about 2017 or something but every time it's got above uh 1.1 uh you can have pullbacks again but a lot of times it comes in trending markets and uh so we know we're we're like 1.12 right now so it kind of reinforces the idea from the previous chart when the 14 day trend or a 14 day rsi got above 80 so yeah there's quite a bit of evidence that we probably got a trending market here and we're well we've been in a trending market for four months right yeah yeah basically in a trending market so we we may trend you know maybe all the way into august right we're at the end of what a ride that would be huh sure yeah that if i had a second yeah i think this year is going to be pretty good just to stay right there for seconds and we get a quick break this is tim oid tom o brian we do appreciate your growling a problem with us out here folks uh dow dow industrials right now oh that just took a dump it's down 116 s and p's are off uh 39 it didn't as next uh down 190 stay right there tim and i can be coming right back folks if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try tom o brian 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 and p biotech three times bull and bear etfs visit direction investments dot 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 866-476-7523 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 the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services llc the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand having the latest market advice can help you turn this chaos into a key for creating winning trades at tfnn we understand that it can be hard to find reliable market news that's why each of our market experts offers their very own market newsletter a must-have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade try any of our great newsletters risk free with our 30-day money back guarantee just visit the newsletters tab on the front page of tfnn.com tfnn educating investors tfnn has launched the tiger's den hosted at discord 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 tiger's for just one dollar 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 DOW. DOW is off 109 Azix L188, S&Ps are off 38. He's talking about a little volatility folks right before we take Tim and I took that break. You had the S&Ps get down 18 points and literally heart beat not like volatility Tim. Yeah that's true so we'd go to chart two a little quick again I think I want to point out that the 60-day trend when you get down around one or lower a lot of times you can get big corrections I want to point that out last year we had a pullback from I think it was August to October approximately that timeframe we pulled back 10% if you look what the 63-day trend was it was right around that one area I see so yeah so we don't have that now we're up you know 1.12 so yeah and today you know right now today folks we're running 1.40 so this is going to get interesting of the trend the trend's 1.41 right now yeah live yeah you need it that way yes that's a good sign yeah so chart number three okay all right this this is uh on the volume chart I got two uh two areas circled there and those are selling climaxes when volume jumps approximately 100 compared to the previous days a lot of times as a exhaustion move to the downside so it's a big jump in volume if you see minor moves up in volume that's usually not a big deal but when everybody gets tries to get through the exit door at the same time normally that kind of holds the market if it's going down or going up and a lot of times the way out they call them selling climaxes because both volumes are circled in blue yes volume jumped about 100 so they mark bottoms market rallies up but a lot of times you come back and test those selling climaxes so we have we have one last Tuesday when we got one in january 31st you know the january 31st the next trading day almost did touch that low I'm not sure that low is going to be tested but if you look at last Tuesday's low there was nothing around it it gapped down and turned around gap back up so at minimum I would expect last Tuesday's low which is around 490 on the SPY to be touched and what I like to see there's actually quite a few different things I like to see I like to see the trend going up which it is right now yes and I like to see that the two-day trend reach right around 1.5 okay and the five-day trend reach around 1.4 when I made this chart actually that the five-day trend the second window up from the bottom and the two-day trend is a third window up from the bottom so anyway I like to see quite a bit of panic on the test of that last Tuesday's low yes so the the five-day and 10 or the five-day and two-day trend get to those red lines and you get a 10% lighter volume you're probably going to have a low okay that's what I'm kind of looking for I don't know if that's going to set up that way or not but you know you know it's interesting Tim is that what's interesting out here today is that Microsoft who's been one of the leaders okay in a monster way I mean Microsoft's gone from like say what three hundred dollars to you know four hundred dollars and six four twenty and six months now Microsoft is testing the high volume mode that we're talking about the first one on the S&P today so that's kind of interesting do you know what I mean you got a leader it's down off the ties of our 420 it's trading at 401 it hit 398 today so that's always intriguing to me you know when you get the lead it's like okay is you know are we going to match down to that level so pretty cool right I know I was looking at the QQQ the QQQ is weaker than the SPY yes so I know we're testing last Tuesdays I don't have the chart up right in front of me but I know the QQQ is back to Tuesdays low already yes so you know it'll be interesting to see what happens here but we'll have to wait and see you know the marketing push down right there's another thing I'm kind of incorporating here too okay a lot of times go to go to chart four yes you know the last high was there's a big divergence you know the top windows of VIX yeah next window down is the SPY VIX if you notice last today's Tuesday be Friday last Thursday we tested the previous highs we had the week before and it was actually closed at a higher high than the previous highs of that week before if you notice the VIX made a much higher low or the SPX you know there was a big divergence the ratio yes the SPX ratio right and so I'm thinking if we go down to last Tuesdays low will the VIX make a lower high okay so the reason why there's less there's less panic on the second low and that'd be a bullish divergence if there's more panic on the second low in other words VIX makes a higher high yeah we'll just say we'll talk about the VIX don't want to confuse too much but it makes a higher high that would open the door that we actually go lower down to the January 31st high which is at four okay you know 482 so I'm seeing because I'm pretty sure relief test last Tuesdays low and the VIX makes a higher low or higher high rather than that would open the door that we may go back down to another you know nice no I get it I get it cool man yeah yeah I don't know there's a lot of variables going on here and no there is hey listen there is but you're walking us right through them and we appreciate it man yeah to me I like to see panic and especially when I get you know emails in the mail because people are really good picking out bottom especially when they're panicking if they got enough uh nerve to either enough fear to your email me right that's usually a real good flag for me to say yeah we're awful close to some sort of a low if not a minor low a major low oh yeah and so there's no doubt happen this time around this is to me what we're screwing around with here right now is kind of a minor low I mean the worst case scenario of my view is 480 which is you know decent but it's not like 380 no that's hey listen man that's nothing for the kind of numbers that we've put up yeah right yeah so but yeah that's that's my assessment what's going to go on here but yeah last two things you know 480 or 490 is a target possibly 480 which one may come in I don't know but you know the market's down today volume just eyeballing it's probably going to be higher than last Friday or the previous uh to be today's Tuesday Friday be last uh Wednesday because we're testing last Wednesday's low right now right and that was 9.86 probably going down to the next floor low which would be next to or last Tuesday and so we'll see how that you know the last Tuesday's volume was pretty big so I'm thinking my opinion that we may hold you know it depends what happens tomorrow I guess yes so and we get lots of numbers coming out tomorrow I mean there's a couple of these big tech stocks that have been on the run including Nvidia and video is going to charge that market up they come out with the numbers after the close tomorrow and you talk about high volatility in Nvidia today it has it all has a high out here of uh 719 the low of 677 you're dealing with 693 so there's no doubt we got some action here but what those numbers are yeah yeah no there's no doubt well listen man it's always a pleasure uh you have a great one safe one we look forward to speaking on Thursday Tim all right talk to you then thank you stay right there folks come right back we have it out on 100 and as they got 169 s and p's up 35 we'll come right back folks 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 market 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 stay ahead of the game with Tom's real time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand tfnn educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 7 newsletter at tfnn.com 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 the reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand having the latest market advice can help you turn this chaos into a key for creating winning trades at tfnn we understand that it can be hard to find reliable market news that's why each of our market experts offers their very own market newsletter a must-have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade try any of our great newsletters risk-free with our 30 day money back guarantee just visit the newsletters tab on the front page of tfnn.com 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 i doubt dows off 111 sxf 174 sxf 37 if we do go to the composite folks you know we've always talked about this the ndx 100 runs the market up runs the market down the composite comes next s and p's down okay you can see the composite bottom line composites trying to get back inside the lower range right now um 16,007 but actually is in the lower range okay as soon as we went inside 16,00670 he got in the lower range so that sets up lower prices coming at us the cues we take a look at the cues this is like a it's like a slow roll folks okay now there's there's light volume on the s and p's which is saying that yeah we're not going to do a monster downdraft here okay but the the cues the cues that they're going to take some damage here man you know you get it down three three seventy two it's not there's not a there's still not a lot of volume this other number though you know from january is sticking out like a sore thumb so we'll see how that shakes out more than likely you know that's going to be from you know numbers that are coming out let's just go over to envidia because envidia is going to rock the markets there's no two ways about that now the bottom line is that you know if you remember last time that exploded topside beyond belief well people are bailing out of it this time yeah we'll see if that makes a difference you know we're just talking with uh david from chicago it completed it's a one-to-one ebc structure on the way up you know and most times when you do something like that you'll do a retracement and i suspect if we do a dirt retracement it's going to be very hard to buy into this again you know they don't make it easy that's the real bottom line this has been one heck of a run though there's no doubt about it and you can see blew away the that's in the weekly and the monthly you know so i expect what you're going to see here is you're going to continue to see a slow roll the volume is going to be lighter on the s and p's the nasdaq is the ruler and the dollar the dollar is not cooperating folks the dollar rejected lower price out here today you know it's still down 255 but rejected lower price have a great one folks have a safe one come back and visit tommy tomorrow morning kicks us off 9am great show folks