 a presentation of TFNN. 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 Ben at San Jose. Ben, what's going on, brother? Hey, Tom, how you doing, man? I'm doing great, man, yourself? I just wanted to thank you and your team and everything I've been using your technique with the 10-minute charts, watching the VIXX and just making a fortune here on the futures. Isn't it interesting? That's awesome, man. It's wonderful. Thanks, Tom, I appreciate it. Okay, man, have a great one, have a safe one. Now, Tom O'Brien. Welcome, folks, 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 on 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. We're kicking it to August, and today's the first Super Moon, folks, and then on August 30th, we're gonna have a Super Blue Moon and not until 2032 is gonna be the next one. The last one was also 2009, yeah. Cultivate wisdom. You don't need to accumulate knowledge to become wise. Anyone can become wise. When you become wise, you respect your body, you respect your mind, and you respect your soul. When you become wise, your life is controlled by your heart, not your head. Not gonna be wise, let's take a look at it out here. We have the Dow Industrial's up 76, Nasdaq's down 39, S&P's off nine, gold contract down $26.80, trading at $19.82 an ounce. We have silver down 51 cents, $24.45 an ounce, light sweet crude down 48 cents, $81.32 a barrel, notes and bonds, 10-year note, down 16 ticks, trading at $1.10.28, the 30-year full point and a half at $1.23, and King dollar, King dollar up 427 ticks, trading 102.282, the euros at 109, the Yannis trading at 143 and the British pound is at 127 to one U.S. dollar. Offer number's 877-927-6648, give us a call folks, one note's going on in your world, in the world of TFNN folks, we get a real treat for ya, bottom line, tomorrow. Our man, Mr. Larry Pezzavento, he's doing a live trading webinar. It starts at 9 a.m., goes to 2 p.m. when I say live, it's a live trading webinar, goes for five hours, and we're gonna get my man, Larry Pezzavento on right now to tell you all about it. Larry, what's going on brother? Hey Tom, how are you doing pal? I'm doing great yourself. You know Tom, I look back at my career and all the things that I've done and I tell you doing this live stuff is what I really enjoy doing. This will be my fifth one that we've done here in the last few years. And the Tigers and Tigris love it too, Larry. Big time. Yeah, we've had a lot of fun, we've had a lot of fun, but it's my chance to really play in the World Series because this show, the folks either works or it doesn't. You know, we've been pretty on spot the last four shows we've done. Yes. This will be the fifth one. We've made money each time and I think we'll do okay with the volatility we're having today and tomorrow due with this full moon that's coming in right now. It's literally coming in right now because it was 2.23. We won't see it till tonight, folks, but it was 2.23 in the eastern board anyway, right? Yeah. What that blue moon means, folks, it means there's two full moons in the same month. That doesn't happen very often. Right. So in fact, when Elvis died, that we have one of those in August of 96, but that was on the 16th of August. Anyway, what I'd like to talk about, of course, is all the things that we'll be covering. We've got three PowerPoint presentations that we work on during the time we put on trades. The main thing what we're doing, Thomas, we're looking to make the $295 fee that the folks, people pay. We've done that each time. Yeah. And I think we'll be able to do it tomorrow, but there's no guarantees. Of course, if we don't do well, they get to have the next one free. But I'm really comfortable because I've got the eight things that we're looking at for tomorrow. A lot of different patterns in soybeans, crude oil, gosh, just everything. Treasury bonds, gold, I mean, S&P 500, there's just a bunch of them. And the volatility is picking up, which is good. Volatility is the trade is best friend, folks. Oh, yeah, we love the volatility. 400 up, 400 down, that's the kind of action that you love to see. You don't want to see something going sideways because there's nobody's interested in it, but when you're going up and down, that's when you want to be at the dance and we're going to bring the girl to the dance that we started with, that's ABCD, and we're going to have some fun tomorrow, I believe, I really feel comfortable about it. So I'm looking forward to it. And would you get, folks, okay, with this? Okay, so the webinar's 295, but you're also going to get a full month of Larry's newsletter, Fibonacci 24 by seven. So it's a great value, okay? That's the bottom line. So come over to our website at TFNN, you're going to see it right under the featured content. Sign up now, particularly please sign up now, folks, because if you go and wait till tomorrow morning, we're just going to make sure we get you in the targets then, particularly if you're not in Discord already. If you're not in Discord, folks, it's a buck. Get in Discord, get in hot tigers then, because it's an amazing trading room, I mean. It's the best one dollar you'll ever spend. Seriously, and we only charge a dollar, so we don't get, there's no scammers in there, man. So just please go over there, sign up, you're going to have a great workshop. It goes from nine to two, because that's when the action is. And the bottom line is that Larry's going to be throwing out some trades, and Larry's a patent recognition expert, so you're going to understand the patents, you're going to see the patents, and you're going to see how to trade the patents, and how, where to put your, where to go in, where to go out, and of course, what does happen, because we have so many traders, that are going to be in there anyway, as Larry has been talking about on the show, they're going to, the traders themselves will be sending Larry over set ups, like, hey man, let's look at this one, let's look at this one, and that's what's so cool. That's, that is, that's cool. It is, it's so great about the room itself, you know what I'm saying, that you know, more eyes, let me tell you, more eyes work, there's no two ways about it. Amen to that. Amen. Hey listen, thanks for having me for these last 17 years, I've loved it, every minute. Can you believe it's 17 years, man? I can't believe it. That's scary. I remember in Clearwater when I met you, and it was February of 2007, Dr. Earl, dropped us off in front of that hotel, we were given the seminar in, and it's been going on ever since, we met in New York and Las Vegas, oh my God. I think, I think I solicited you in New York, right? It was a trade as X-File. Yes it was, 2004, absolutely right. Right, unreal. Valentine's Day, as a matter of fact. I like it, oh that's right. And as a matter of fact, you still owe me $40 for dinner, I'll get that when I see you the next time. That's a beautiful thing, I like that, I like that faulty dollar number, I like it. No, no, no doubt about it, man. Hey listen, has the weather calmed down, anything out there? Yeah, yeah, yeah, a little bit. No more major rainstorms, the electricity ran for 36 hours straight, so we don't have another rain due until Monday or Tuesday, so we should be just fine. Okay, awesome. Okay, well listen. Hey, thanks, Tom. You have a great one, safe one, and of course we look forward to the show, well to the webinar tomorrow morning. Okay, thanks a lot, God bless. Thank you, bye bye. So folks, just come over to our website at TFNN, you're gonna see a right-ended featured content, live trading webinar, trade what you see, 9 a.m. to 2 p.m. again, it's $295, Larry's gonna be trading live, he's gonna set up all the patents, well the market sets up the patents, but you'll understand the patents, you'll see them, you know, they're very clear setups when Larry, the charts that Larry's using, you'll see the angles, you'll see the geometry behind the angles, and listen folks, life's about geometry period, so. So check it out, and Dow, let's see where the Dow is right now, we're gonna have our man, Mr. Basil Chapman, coming up next with us. Dow industrial's right now, up 71 Nasdaq's down 40, S&P's off nine and a half, stay right there folks, 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. 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 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 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. Now toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks, to Dow. Dow Industries right now, up 66, you get the NASDAQ Dow 42 S&Ps off 9.5. Let's get over to our mam, it's the Basel Chapman, as we do each and every Tuesday at 20 past the hour. Don't forget, folks, Basel does an outstanding show here every trading day at 10 a.m. Eastern Standard Time. Also, it's 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, under Newsletters, you're going to see it right on the left-hand side. You can get the opening call for one month for $149, six months for 6.95, which is a savings of $199 at 22%, and one year for 11.95, which is a savings of $593 at 33%. Now they all come with a 30-day money-back guarantee. So the bottom, and not only that, on top of that, what Basel has there, he's done many webinars. He's got 12 live webinars on there, so the bottom line, you're going to get some great webinars, you're going to get a great newsletter, and if it works for you, great. If it doesn't work for you 29th day, just cancel it, no problem. Basel Chapman, what's going on? Hi, Tom, how are you? I'm doing great, man, yourself? It was great to hear you with Larry. It's amazing. He's been trading forever, and we're always fascinated by his technique and what he discussed, but I don't know his memory for detail. He'll say when I was with Joe, whatever, was it a Tuesday? I was a Tuesday, 1965. I know, man, seriously. Seriously. It's fabulous. Anyway, it should be a wonderful workshop. That's for sure. No doubt, no doubt. So we're looking here at something that's quite fascinating for me. Okay. A week ago, when I spoke to you, it feels like a lot's happened, but if you look, we're basically in kind of a sideways move here. Here's the down, the left side, I'm showing the daily chart. Let's go back to last week. We were around about here at the Dow, 33,463. Here we are at 35,463. Here we are at 35,624. So the market's having a little difficulty, and every time the market looks like it's about to decline sharply, you get some kind of an earnings report today. It's catapulted spirals up really sharply and helps the Dow. The S&P's telling more of the story, but this is what I'm looking at. Remember when I spoke to you last week, I said, I've got a technique I call it my technical instruments of last resort. It's like the Federal Reserve is the bank of last resort, so this is my technical tool of last resort. This is where the nine-period moving average is over the 14-period moving average. And look how many times since April, when it crossed green, the nine-period moving average showed the rally in the Dow. The Dow, they made a left side high and then a right side high and then it came down sharply. And then it crossed negative. Pink means that the nine is under the 14, means that you've got a deeper cell mode and you can keep going down. Then what happened is it's flipped to positive in June. And once again, it got a left side and then a right side, this amishade pattern. And the right side dropped sharply and you look for certain that that green line would change to pink. And no, it didn't, it held green. And look where we are. Now we're at the same situation where you made a left side high. Now you've got the right side high. What happens next is going to be very important. And you can see the, for me at least, the importance of this nine-period moving average holding so well says that a lot has to happen for this price. The gray line is the closing price of the Dow for the price to come down very sharply to get that green to turn pink. That means you'd have to be down 35,000, oh, probably 34,800 to see it even getting close. So it says to me, a couple of things have to happen. You have to see, I've got this technique that I call the dark news cloud cover. And I'll just show this chart for a moment because there are a lot of things that I wanted to look at, but I'll show this. And we are now well above this whole resistance area since November of 2022. And what I call the dark news cloud cover is that like interest rates or geopolitical, whatever it is that the market will take seriously and decline, there's always something hovering. But all of a sudden it looked like, oh, those things were dissipating. So the market actually, the Dow itself went above that 34,700 level and now look where we are. So this means you've got a huge containment area. So I just wanted to put that into perspective. So I am anticipating that we're going to over the next, it might take a little while either it's just really bad news. And I don't want to go into now due to my show tomorrow at 10 o'clock Eastern time when I do my Tiger Technicians hour. I did a little bit today. But you've got the TLT, actually I should show it right now, the TLT, which is trading underneath that rectangle and I said, well, so why is it not going? Oh, there it is. There it is, a TLT. Underneath, it's at 98.05 right now, that's bonds. Underneath the rectangle which made this arch formation with like an M shape formation, now it's taken that out. So there's a chance yields go higher. You spoke about the doll, you know, I'm always looking at leg D and a peak D in the Chapman Wave methodology for turnarounds. Look, there's the TLT, the peak D, look how sharp we fell. There's a peak D all the way at 179 back in March of 2020. Now look at the dollar. It makes a trough D at the bottom and it runs and it's in the leg D to the upside. So that, and it's gone back into the rectangle. So that's the other thing. And look at crude oil. Crude oil is starting to kind of push the upper limit of this rectangle formation. So there are things sitting out there that say, hey, the market might start to worry about this in a moment. But when I look at the overall market, I have to wait for the, to get a confirmation of really a sharper move down for all those nine-period moving averages in the daily charts to turn down and so far they're holding quite well. So that's just kind of a warning to say, yes, the next move down could be a little bit longer and a little bit deeper, but we haven't actually started that yet. But in the meantime, for my subscribers, we were very fortunate. We had a stock, I was working to you about this actually for a couple of months now. Symbiotic SYM is the symbol and it had a sudden spiral yesterday. It was up 50% actually up 200% of that big rally from the way we entered it. We don't have as much as I would like but still it's fantastic to have a big move like this. Holy cow, look at that thing. Isn't that something? Yeah. And yeah, it wasn't takeover or anything. I think this was purely on earnings and there was another company added to its allotment that it owns part of Symbiotic. Symbiotic is in the end-to-end AI robotic warehouse automation systems. So these events are really important and being able to identify sectors that have this kind of potential like AI. And I'm looking at others that I think if there is a pullback here, we've started to enter some positions that could be, I would say, I wouldn't, you can never tell whether it's market unrelated but they kind of under the radar, they're in their own world. So I think this is a time for selectivity, raise some cash, but at the same time, there are these positions that have, you know, potential to do really well. We've got, you know, we've still got this bots, which is the AI, the ETF, the Global X Robotics and AI ETF that made a double top. It's pulling back, but it's actually holding very well. So there are a lot of things that I would like to look at for the next part of the next move up in the market after we have some kind of consolidation. So we're trying to build up a portfolio for that. It's very easy to get Basel's newsletter to come over to our website at TFNN. You're gonna go into newsletters, you guys see it right in the left-hand side. You hit that button and you are off to the races. Bas, you have a great night, a safe night. We look forward to show tomorrow morning at 10 o'clock. Thank you very much, Tommy, you too. Thank you, have a great one. Stay right there, folks, we'll come right back. Attention, traders. Larry Pesevento, the renowned trading mastermind, is holding an exclusive live trading event on Wednesday, August 2nd. From 9 a.m. to 2 p.m. Eastern time, transform your trading skills with the real-time wisdom of a Wall Street veteran. Just $295 gets you a front-row seat to this power-packed session, plus a month free of Larry's sought-after newsletter, Fibonacci 24-7, a $97 value. Elevate your strategies, decode the markets, and achieve your financial goals. Remember, this event will be archived for all attendees, and Larry only does a few of these a year. Don't miss this opportunity. Sign up today at TFNN.com, secure your future, and start trading smarter. TFNN, educating investors. Old Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven in 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. At TFNN, you'll get advice and guidance from the authority in 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 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. The down industrial is right now trading up 56. Let's look at the Nasek guy down 48 sps down 11. Let's go take a look at that caterpillar because this is all but saying that this commodity market is gonna run, man. I mean, look at this move, $22. And then if we take it and you put it on a monthly, you're gonna see that it just broke everything. Big consolidation, consolidated, two months ago it stopped pushing high with volume. And this is quite a move, man. There's no two ways about it. That's a monster move. And they did, let's take a look at what they did here. The cool thing about caterpillar folks is that the lead time is a big number. Oh, this is interesting though. They took in 16.5 billion top line, $5.67 bottom line, but it looks like that's gonna be the peak. Now this is interesting, man. So I'm not quite sure, you know, I have to dig into it as to why this would be the peak. Cause you can see these numbers, 15.6, it goes down a billion dollars next quarter. But then, no, the quarter after that, it comes right back up 1.4 billion. So, big numbers, man. There's no doubt about that. Some of the other higher volume equities that we have out here today is that, yeah, let's see. So we got Teslas down six bucks. We got Uber off 290, Uber come out with numbers. The thing that's amazing about Uber is that, watch these numbers and the context of, you know, there's still, they have 32,000 employees. So they took in 9.2 billion. And, oh, it's interesting, it's saying they made 18 cents. Okay, I thought they were still in loss. Okay, so they made money. This is the first, this is the first quarter they made money. That's pretty amazing, man. I was listening to the interview this morning. They have something like 138 million customers, folks. 138 million, yeah. You talk about a monster. That is about, that's huge. We have, let's see, you have, let's go do this. Let's go into the NDX first. Al, you're sure that Tim's calling me. What's happening, is this, you can't get through? I know, we heard you, just try again, all right? Just, okay, thanks. Sorry about that, folks. I heard the phone, Al, he's trying to call. Just get that phone clear, please, all right? Sorry about that, folks. So, inside the NDX 100, they get CrowdStrike up 3%. There we go. You got him, Al? It's all that matters, it's working now. It's a beautiful thing. Let's get over to our man, Mr. Tim Wood, folks, as we do every Tuesday at the 3.30 hour. Tim Wood, what's going on, brother? Well, everything seems to be okay here. So, Larry, a long position. I've got an indicator that I've sent you over a couple of charts. I don't know how many we'll be able to get through. No, I know you got, you're letting us in on something new. Let's take a look at that. Is that the, which one do you want to start with? All right, chart one. And it's the SPX tilt ratio. Tilt is the 20-year Treasury bond. I know, okay. So anyhow, I watch what that ratio does and it really markets their balance. If we get out of balance, we come back to the norm. It's either up or down. So, when this ratio gets out of balance, well, on the upside, the RSI gets above 70. Normally, you got a kind of a short term top. This is on the ratio, the RSI for the SPX-TLT ratio. Yes. And so, you can go back further, but I marked the times. The second window up from the bottom is the daily S and TX. Yep. And I marked the times when the RSI of the SPX-TLT ratio got above 70. Okay. It does a pretty well job of picking out just short-term highs or not long-term highs. That's what I'm kind of looking for here. I'm thinking we're entering into some sort of a high area and the VIX is not getting a lot of information. It's relatively staying low and it's not doing any great divergences, which is kind of my main tool. Yes. So, this is a little bit shorter term timeframe, but the RSI when I print this chart this morning was 82. Okay. And that's pretty darn high. So, what that says to me, at least on the SPX, the upside is limited here. Because you never get the RSI up to 90. You know, between 70 and 80, you kind of peeks out and you start getting at least the sideways moves, not a short-term top on the SPX, so. Which kind of what we've been doing here for a bit. I mean, you thought we were gonna flip around into consolidation. It looks like we've just been going sideways at highs, right? Yeah, yeah, so far, yeah, this chart suggests like the upside is limited. So, I guess we could move sideways. So, out of two, three things can happen. You can either go up sideways or down. Yes. Well, this kind of takes the upside, in my opinion, out of the equation. You can move sideways, yeah, maybe. Yeah. So, it's kind of a chart that I watch when the short-term picture gets a little fuzzy. I kind of look at this, see what it says. This is one of these, yeah, in your back pocket. I'm glad we got it out. Yeah, yeah, it's so anyhow. So, it's actually put back to chart number two. Okay. And this, anyhow, the big chart in the middle there is the VIX. Yes. If you notice, the VIX, since basically mid June, it's pretty much going sideways and the SPX is going up. So, there's the verges and the top window is the SPX to VIX ratio. So, it kind of smooths out things a little better so you don't see all this jittery stuff going on. Right. And it's kind of moved sideways. It did kind of make a higher high but barely a week or so ago. But it's not getting real bearish. I mean, it can move sideways, I guess forever and the SPX could still move up. But what you want to happen for a bearish sign is it's a VIX to move up and while the S&P's is moving up and that's what usually happens at tops. The S&P's moving up and the VIX is still kind of moving sideways. So, it leans berries but not, you know, I wouldn't bet on put it this way. I wouldn't bet it short here even though it may work out. No, I wouldn't. Until that VIX starts going up along with the S&P's then I'd get, start looking a little bit more bearish. Yeah, that's getting through this window dressing too probably, right? You know, beginning of the month, that's... Yeah, yeah, that's a good point. You know, sometimes these tops, they ring a bell at the bottom and everything just blows out and you get a bottom and reverses and if you're lucky to buy into that bottom, you know, because a lot of times it never looks back. Right. On tops it's just almost the opposite. They go up there and they make a high, they make a higher high. They do. And sometimes these tops can take weeks to form. No, no, there's no doubt about that, man. It's just pretty wild when you think about it, right? Yeah, stay right there, Tim. We're gonna take a shot break and then we're gonna come right back, folks. We have the Dow Industries right now trading up 52. Now it's like it's down 47, S&P's are up 12. You can contact Tim every trading day, folks, at odd-or-d-oracle-or-c-l-e-dot-com. That's odd-or-acle-dot-com. Tim and I are gonna be coming right back, folks. Stay right there. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, educating investors. 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. 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The back folks, Tim or Tom O'Brien, we do appreciate you growling and prowling us out here. We have the Dow Industries up 33, Nasdaq's down 56, PSPs are off 15 and a half. We're talking with Tim and the chart that I have up right now if Tim is the VIX and the SPY. Right, actually I wanted to talk about last Thursday, we had a bearish engulfing pattern drawn on the SPYs. In other words, being gulfed about, I look like about three-fourth of the previous days, it's a bearish counting pattern. Yes. And if you notice, he had kind of high volume that day, at least on the- SPYs. And what I found out over the years, a lot of high volume highs and actually high volume lows, majority of the time, not 100% of the time, the majority of the time are tested. Right. And so I'm thinking there's a good chance we could test last Thursdays high. Right. And if we test last Thursdays high and the VIX goes up with it, then that could really line up for a decent cell signal, I mean a reliable cell signal. I'm not saying the market's gonna cry too. No, no, no, which is sweet, no, I get it. I mean, because you remember, those, what is those, inverted hammers, they love getting tested, man. They love getting tested after you get an inverted hammer at the top and then it comes down, then it comes back up, especially when it has volume in it, I know. I can see that. Right. That high volume high at 95, 92 million. And you can go all the way back, I can go back six, well, at 104 million, let's see, that was in, what was that, June? Yeah, June 104 million. The last couple highs had some good volume, but we hadn't had something like that for a long time, man. Yeah, interesting, right, no doubt. So I'm taking you on the market, if you look in that inter-day stuff here, yesterday the trend closed at 1.25, anything above 1.2 is short-term bullish and as we're talking here, I got a trend of 1.2. So you had a couple of days of bullish trend, you know, it's building kind of a little bit of energy, I guess you look, it's a little bit of panic here, not a lot, you know, high and, and so I'm thinking there's a good chance we possibly test that last Thursday's high and that's where the rubber meets the road, I guess. Yes. Either we bust through that, which I don't think we, I mean, we may close above it, but in that's where I'm thinking that's the key area, which is ramp on the SPX, I think it's 4607. So right around that 4600 area is a real key area, which is also the highs of February, March and April of 2022, that's where those highs lie. All right. So there's quite a bit of stuff right there that may line up pretty well, you know, when we hit it, I don't know, you know, a lot of times these signals come on Fridays are found, so they make your whole week admissible. Good. If you're going to be right or wrong, come Monday. I love it. Okay, so let's, you want to go to the next shot? Yeah, we can. Okay. We can. So they're actually, chart three and four are actually the same, the same chart. And I mean, there's just kind of a little review here. This is the 50-day average, you know, the bottom window that I'm looking at is, which is a 50-day average of the up-down volume percent. So it's a little bit longer term indicators, not like that, we've been looking at the 18-day average of the up-down volume advance client indicators, which is on a buy signal on the short term. This is a bigger, longer term indicator. And it looks like about June of this year, I didn't break down the date. Now, when that indicator up-down volume advance client gets below minus 20, use your exhaustion move to the downside. And if your exhaustion move down side, in other words, you're blowing out to the downside in the bottom. And every time you get down to minus 20, this chart goes back to 2010. It went back up to plus 20. And I did it every time. And so we're still below, or we did hit below minus 20, but so far we have not hit above, actually it's, excuse me, it's above minus 12, or plus 12. If you get a buy signal that's below minus 20, and a sell signal gets above plus 12. And so the buy signals are all circled in blue, and the red circles are all, the sell signals are all circled in red. And so every time you got a blue circle, you went up into a red circle at some point. So that's what we're kind of looking for. And we're around minus two right now. So we've got quite a ways to go. I know it's pretty cool, Tim, that we got through, we made it through last Thursday, because last Thursday was a rough day in the gold market, right? And then today, last Thursday, what happened is that we went from 2022 to 1981. And today we went from bottom line is that we went from what, 2004 to 1978. We're testing last Thursdays. And the cool thing is that you're actually testing Thursdays and the 12th of July. So it's kind of cool that that ratio is still holding up with a couple of tough days in here. You know what I mean? Yeah, yeah. I'm thinking the market's gonna hold up here. Right. You know, we're just screwing around, building some errands for the next move, but so yeah, we should actually get to plus 12 at some point between now and October is what I'm thinking. Right. But yeah, it gave a good buy signal. And in my opinion, on an airman scale was still on a buy signal. Yes. You flip to the next chart, which is chart four. Okay. Now, this is the same chart. And everything's the same about it. What I did notice on the bottom window there, to really have strong uptrends that needs to stay above zero. Okay. And right now we're about right at zero minus two on this indicator. I see, I see. And all the blue areas are times when those indicators stayed above zero. Okay. So zeros when the strong part of their rally began. Yep. So even though we bounced here a little bit, the strongest part in my opinion still lies in front of us. Right. Because when the advance or the up-down volume, when actually even the advanced decline get above zero, that strength in the market, that's saying more stocks are going up on heavier volume is what that says. And Tim, is that bottom one of daily? Yeah, these are on daily. Cool. Okay. So I can see it. Wednesday, you were below it, Friday above it. You jumped above it yesterday. Come below it today. Cool. I got it. Okay, cool. Yep. Well, this is on daily chart. They only update this. So we don't know if this is going to be above minus two today. Yeah, this is- No, it's going to be below it probably. A daily chart. Right? Yeah. I'm not sure what you're looking at here. Are we looking at the bottom one? I was looking at the bottom chart. So the bottom chart looks like it's going to be below it again today. But what we had done is that yesterday we jumped above it, which would make sense. Was it yesterday? Hold on one second. Let me look at this. No, it's a- This is a daily chart. So- Well, I can see- Wasn't it above it yesterday? No. Where the circle is? No. No, okay. Okay. Yeah, it's still below it, but barely. I see. What I wanted to point out here is when those that- Well, I'll have shaded there is all in blue. Yes. And that's when the parts, the strongest part of the rally begins when those two indicators are above zero. They stay above it. I get it. So I think that's still light. And from this last month it was there. I know I hear your music. I get it. Well, listen, this is always a pleasure. I look forward to speaking to you on Thursday, Tim. All right, thanks a lot. Have a great one, man. Have a safe one. Stay right there, folks. We'll come right back. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights. 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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. 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 in stock prices. Get the opening call newsletter by Basil Chapman in 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. 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. 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 to Dow. Dow investors right now up 82, you get the Nasdaq down 43, S&Ps are off nine. Folks, don't forget about our man, Mr. Larry Pezzavento. So tomorrow morning, Larry's gonna be doing a live trading workshop. Larry's a patent recognition expert. Bottom line, he's gonna go from nine AM to two PM. The cost is right under a featured content. The cost is $295. When you get for that, folks, it's not only a great workshop, you can understand the patents, and then you get Fibonacci 24-7 for a full month, which is a $97 value. So if you're not in our Discord room yet, our Tiger Trading Room, you should go in there anyway. It's only a dollar, folks, okay? And it's a great trading room. We charge a dollar so that the content can get any scammers in there. We already know who's in there, which is a really cool thing. And if you are coming to Larry's workshop, it's a lot easier if you're already signed up in that room, because we have a lot of different rooms in there. It takes two seconds to get you in, but the bottom line is, is that please don't come in in the morning and call us at two minutes at nine to want to get it at nine, okay? You can do that, but it would much rather that you get over there, set it up so you're all set to go, because as Larry's throwing these trades off, bottom line, you want to be in the middle of those trades, that's what it comes down to. The market out here, bottom line, is that you're at the highs. That's the bottom line, and that's at high volume high, and the S&P still wants to get tagged, man. I don't know how it's going to get tagged, but it wants to get tagged. You know, we're right next to it. You can see, we've been in the same place, actually, let's see, five, yeah, 10 days, 10 trading days here, we've been in the same range. But you can see, this is sticking out like a sore thumb. It wasn't bearish and golfing, no doubt, but it's a high volume bearish and golfing. So we're at 456, 459, 44 is the number. Now we go to the queues. The queues are set up a little bit differently, because when we did have that high volume committed to queues, it didn't even get to its high. But the high volume is out there at 380, 471. And what you do have today is this. The queues did reject lower price at 380. You're at 382, so that's saying that, hey, tomorrow might be the day that's going to go after this baby. Always remember, folks, the bank and claw your hat out in the book and run you over, and thank God, there's always another trade. And have a great night of safe night, folks. Come back and visit Tommy tomorrow morning, kicks us off 9 a.m. Well, look at him, folks.