 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. Let's make a great night, folks. Don't take anything personally. When you refuse to take things personally, you avoid many upsets in your life. You're feeling the anger, jealousy, and even sadness will simply disappear if you don't take them personally. Knock it wise. Let's take a look at it out here. We have the Dow Industries trading down 80 Nasdaq off seven and a half. S&Ps off two. Gold. Gold contract down $19.70 traded at $19.53 an ounce. We have Silver up a penny, $22.60 an ounce. Light sweet crude off a buck 83. $75.54 a barrel. Notes and bonds. Ten-year note, up six ticks. Trading one away 10. The third year up 29 ticks at $114.28 in Kingdollah. Kingdollah's up 56. 105, 590. Euro at 107. He ends at 151. British Pounds at 122 to one at U.S. Dollar. Offer numbers 877. 9276648. Give us a call, folks. I know it's going on in your world. In the world of the S&Ps, let's take a look at them. What do you have? Well, you took a lot of energy to get up here, folks. This is the building cause to get the higher price. So you can see that right where we are, this is, you know, this flack right here. There's no doubt about it. You know, we're fast and furious up there. We've been four days going sideways. We'll see how many more days you're going to go sideways. It's trying to take out this whole area here. That's what it comes down to. We go into the queues. We take a look at the queues. Same type of setup inside the queues. What do you have with the queues? Right now, the queues are trading down 23 cents. Sideways move inside day, but you can also see the same type of setup, man. You're just laying right across these. So notes and bonds. We take a look at the note and bond market. So we have with the 10-year note, what do you have? You know, we're going to need some more volume in order to sustain higher price in this 10-year. We're at 1.5 million contracts right now. You know, we had the swing come in at the 2.8. So, you know, last Friday it was 2.8. It had volume. Check out the swing point. That says you're going to be back up there, but you can see, you know, the last couple of days hasn't been a lot of volume. My take is that we're taking it out. You know, we'll just see how this shakes out because it is good when you start going sideways because you can see what happened is that when we had the wide price spread accelerated volume, we broke the down trend. So that's just the same. The 10-year wants to go to the 1.14 level and we're at 1.08. Now watch how this goes. At the 1.14, if you look down the bottom here, see this July? Yeah, July 14. See that right there? It's July 18th, actually. Now watch this. I'm going to turn around and we just go like this. 10-year yield. Now watch how this goes. 10-year yield. Okay, cool. This doesn't. Okay, you can see what's happening here. If you're watching Target TV, you're at 4.517 right now, right? Now you go to July 18th, okay? Because that's where this thing is setting up. Now, we're at 4.5. Is this July 18th? Yeah, approximately July 18th. That's saying that number one, when this, I just showed you that how we broke the down trend, so that means it goes to the top of the range, go to the top of the range, that means we come down another half a percent because that's 4. right there, 4.00, 4.08. And what has happened, okay, to the mortgage rates, now check, so right now we're at 4.6, I mean 7.6. Now that was the largest drop in one week for a whole year, folks, okay? That's how intense it was. And then just because of that, you had the mortgage applications actually up to 3% in one week. So it's going to get intriguing to see the faster the drop, of course, the more people that are going to go for a mortgage, go for refinancing, go for all of that. We're going to take a look at that gold contract. With the other the gold contract, we're pulling back on gold with dramatically lighter volume. We're talking about 1.6, no, 162,000 contracts coming into 270. Yeah, we're 270 right here. Let me put this volume up so you can see this. It was not even at a 0.382 retracement yet. So the gold contract can go to a lower price and we'll see when we get the rejection. There's another spot right underneath here that was a huge standard strength. You can see that that was at the 1946 level, the high was 1946, that low there was 1881 actually, that was a huge day. But you can see the contraction. The contraction is pretty dramatic and most times you see that contraction, bottom line is not enough sellers and that means we're still going to higher price. Then we go over to King Dollar. Now, this is the kicker of him because when we take a look at King Dollar, what you're going to see here is that each day it's having a hard time to try to get back in its higher range. That's how this is shaken out. We saw that you broke the consolidation. We broke the trend line first on the way up. Then we broke the consolidation and you can see that consolidation was going on for approximately three weeks then it broke down. Now you're trying to get back in the higher range. Now that higher range starts at 109.559 and you can see we're at 105, I mean 105, one second, 105. Oh no, 105. Yeah, it's 105.559 and we're 105.575. We tried it yesterday, couldn't handle it, come up today, couldn't handle it. That's telling me that what, that we are on our way bingo right down here. That's, and that move, well first that move, I suspect we'll get some support at 104, yeah the 104 699 level because that's where we broke out from. But all of this down here, this wants lower price. Oil. Let's go take a look at the oil market. Oil's been getting toasted and roasted and we take a look at that oil market out here. Yeah, you're down with volume again. Oil's out of this way at 72 bucks, man. Yep, we're at 75.60, we hit 74.91, you get 396,000 car on track so you're still coming down, you know, with volume and there's just nothing, you're right in the middle, there's nothing here to hold oil up. Stay right there folks, come right back.