 as a presentation of T-F-N-N. 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 our man, Alan Homo-Sasa. What's going on, brother? It's, isn't it wonderful? I went ahead and invested in your tiger dollars. And I went ahead and got the gold report for a year and also your morning, your call letter and stuff like that. And I got over 50% return in one day, not counting everything else. Well, I just want to thank you. Tom's not perfect, but he tells you how to put your stops in and keeps your losses small. You can take your small losses, but then all of a sudden you'll be like Dave Brute and you'll hit a home run. I mean, a big home run and put the money in your pocket. OK, brother, you're awesome, man. Thank you. Now, Tom O'Brien. Well, welcome, folks. This is Tom O'Brien of TFNN. We have five days a week. We go seven hours a day. We go 24 hours a day on the internet at TFNN.com. Always remember, folks, whatever you think about, you bring about whatever you focus on, grows up, and is having a great day, safe day. Let's make it a great night and a great week. Surrender and let go of the past. Whatever life takes away from you, let it go. When you surrender and let go of the past, you allow yourself to be fully alive in a moment. Letting go of the past means that you can enjoy the dream that's happening right here, right now. Mug and wise, let's take a look at it out here. We have the now industrials down 58. Nasdaq is up 68. S&P is up 13 and a half. Gold contract down $36.70, trading at $17.88 an ounce. We have silver down $0.97, $22.20 an ounce, light sweet crude, up $1.85, $79.70 a barrel, notes and bonds. The 10-year note, trading down 9 ticks at $128.18, the 30 there, down 12 at $150.601, and King dollar. King dollar is up $148 ticks, trading 96.319, the year is at 112, the year is at 115.92, and the British pound is at 135 to one US dollar. iPhone number's 877, 9276648, give us a call folks. Well, I know what's going on in your world, and the world of the S&Ps, let's take a look at them. Okay, so what do we have? Well, this is gonna be pretty cool, just walking through this whole deal. So, S&Ps out here, this is what you have. We're rejected lower price out here this morning, and yesterday you go south, as we go south, we go south with 104 million shares. We reject 465 out here today. Now, when you take a look at this, what you're gonna see is this. You're gonna see that we actually have a rejection, and that rejection's gonna be on a lot lower, well, as long as it comes in less than 95 million, it's gonna come in with a lot lower volume. So, on the S&P, that is saying, now, this is where it's gonna get tricky, the S&P is saying, guess what, you can go right back top side again, and we know going back top side is that the first time that we broke the highs, we broke the consolidation, and that gave you a price projection of 500. Then we had an ABC structure on the way up. That ABC structure on the way up took out the B point, took it out with volume, that gave us an ABC structure up of 501.21, a 501.76, I forget the last two digits. Now, that being said, the ABC structure up is negated, and the reason it's negated is that what happens is that when you have a complex ABC, which without what it turned into, because we still could have had one, but the volume exploded to the downside yesterday, inside of the S&P, meaning we come down with 104 million shares, have to make it highs with 71 million, and have to make it highs with 47 million. So, what that says bottom line is that it's not an ABC structure up. That, right now, still does not negate. I know this can get confusing, because, trust me, it is. The 500 price point at this point for the spy, the reason being is that we wanna see how does it break topside, I suspect we're gonna break topside again tomorrow, okay? So, how we hit the 473 tomorrow, if we hit it tomorrow or the next day, is gonna make a huge difference, meaning is it going topside once again? So that's the spy. NDX 100, let's go look at the NDX 100. So, NDX 100 is in a different situation. What we have with NDX 100 is this. We rejected lower price out here today, and you're gonna have, it's gonna be close whether it's light of volume or not. In fact, I don't think it's going to be. Last low was 65 million shares. Yeah, we'll do like 70 million. That being said, what I expect is gonna happen is that we are gonna bounce on the NDX 100, but also my take on the NDX 100, you wanna sell every bounce. And the reason that I'm saying this is that if you take this and you take a look at how it's set up at the lows versus the highs, what you are gonna see is that, didn't even put it down, this one. Whoops, wrong side, okay, let's do that one. What you're gonna see is that each time that we've hit up highs up here, your contraction and volume is huge. Each time we're downtown, your contraction is huge, okay? So you hit the highs, you have a contraction of volume. You hit the lows, you have an expansion. Sorry, you have an expansion of volume at the lows. That is building costs for lower price. That's telling me that the cues are gonna be down. And we were talking about 350 before, 350's game again, that's the bottom line. That's how these things are set up. So it's gonna be a trading market and it's still gonna be a little tricky because of the fact, the tricky part about this right now is this. It's not, the tricky part is not the NDX100. That's a two-way market, my take on it. You get a bounce, you get light volume, sell the heck out of it, okay? The spy and the Dow industrial's a tricky. And the reason for that is you can see the rotation that's going out and people are gonna wanna be, if there's such a thing, into a boring stock, but they're gonna look for them. Gold, gold contract down 36 bucks today. Bottom line, you have 228,000 contracts. This is saying that you're gonna go after 1781. Right now you're at 1788. So we'll see how that baby shakes out, but that's got some mean destruction in it. There's no doubt about it. And that was, this whole move had been done actually before we even opened up, this move was done. The intriguing thing about this move, so what happens, folks, let me, I believe the future's open at 820, the pit. I think it's 820 that the pit opens. The bottom line is that that whole move had been done before the pits actually even opened, which can get pretty dicey. That's, and let's go over to King Dollar. So what we have with King Dollar out here is this. What you have with King Dollar is you're up 103 ticks. You know, if you have a strong day on Monday, there's another sideways move. I mean, there's not a lot, there's not a lot of conviction either way in this particular point. There's no doubt about it. We're gonna take a look at some of the higher volume equities out here, and there's a decent volume out here today. You get Apple down to buck 88. You get Lucid up 170. Rivian, that's down too far. That's under a side peel price, I believe. Tesla's off $11. That was off 50 something though. Stay right there, folks, come right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com, TFNN, educating investors. What's separating you from the most successful men and women on Wall Street? That's right, information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market profile-based scanner. Powered by its acclaimed TAS proprietary algorithms, this feature-rich scanner instantly filters over 2,500-plus global financial markets such as stocks, ETFs, commodities, futures, and forex. 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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. Call now. Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back folks to Dow. Dow Industrial is down 114. We get the NASDAQ up 36 SAPs are up four and a half. Let's go over to the note and bond market. So we're gonna pull up a generic and that just means a generic futures shot of the 10 year, because what happens then it strings them together for us. So we'll see. We definitely broke the consolidation here. And okay, so the bottom of this one here is 128-19, the next move is 127-31. That's a 121, that's only 14 ticks away from that. The real question would be, it's a shame I don't have volume on these, but I could get volume. Let me pull this back one second. So that's, we broke the March 2021. We're coming up to March 2022. We broke down the, okay. So I'm gonna put up the current contract right now. So what the current contract is done is this. The current contract, it's down eight ticks. Anything that stays under 128-22, which we're under, can get down another three and a half. So that's 120. Well, we'll see what happens. I mean, this is saying that 10 year could go to 125. And right now you are yielding 1.72. If we take a look at the last year, so this is where we set up and the interest rate starts to folks. When we take a look at the last year, the high, might've been, I wonder if it's the highest today, it's interesting. The high's been 1.74. The low has been one on the 10 year. May do the three months. Yeah, no, the 1.73. Okay, cool. So what has happened is this. We haven't reached the high yet. So check this out. You know what's what? So this is pretty wild folks. We've heard the context of yes rates are going up and this was a fast move. There's no doubt about that. But guess what? No matter how fast this move is, we've been higher by basically, what? 10 basis points last year. And I expect we're gonna go higher. My point is this, is that we've already been here at this price. It hasn't broken, it's only 10 basis points underneath it right now. But the bottom line is that I suspect it's gonna go higher. What you're gonna start hearing a lot about is you're gonna start hearing a lot about what is the real interest rate? And what that means specifically is that you have the rate of inflation, then you have the 10 year and are you at even or are you at negative? I mean, many folks that really know what they're doing, they're not, they haven't been out here saying for the last three is that we've been at negative interest rates. But they've certainly been taking an interest in getting as much debt as you can get on the books. And that's what you've seen large corporations do because the fact of the matter is that when you actually take the inflation rate and then you take the rate of the interest rate, you've been in a negative rate. In fact, I'd say we're still in a negative rate. And we will be for about another year and a half until I can get that 10 year running about, we're at 1.72, I mean that can go to two and a half and I suspect you're still gonna be at a negative rate. So CLF, Cleveland Cliffs. So let's go take a look at Cleveland Cliffs out here. So you get the low for the year and Cleveland Cliffs. Well, there we go. The low for the year is 1277, the high is 26. You're trading $23. And what I expect you're gonna see here, I mean, this said it all yesterday. You just gonna want some patience with this equity. This equity wants to go to its highs to the 26.51. And this is the type of equity folks. I would say that a lot of folks are actually gonna be looking for. Meaning if they believe that we're gonna get a correction or we're in a correction. And I'm just talking about, well, I'm talking about everyone but it's the big money that move markets. This equity yesterday, you can see what happened. This equity didn't go anywhere yesterday. You wanna find the equities that did not get hit yesterday. That says a huge amount about the aspect of where we are going inside of the marketplace per equities. And of course in this particular case, what you actually had is that this went up versus down. So that's telling me that on the daily it wants to get up to the 26 price point. We put this on the weekly and the weekly is a really nice setup. The weekly, last time we were up there at the 26.51 it had good volume. It's coming up, you can see on this week with good volume. This is a nice setup. And what you get in this equity also is if you believe that we are in inflation, well, this equity has a long way that could go. Meaning top side. It's a highly volatile stock. If you're gonna make sure you know what you're getting into here. But you can see when I just put this on a monthly also, it's a nice setup man. I mean, the all time high in this thing is 121 that was in 2008. Then it goes down to 11 bucks, goes back up to 100 bucks and then really crashes down to like $2 in November of 2015. That being said, when you build a monster base like this and this is what it's done. This thing has been building a base since 2014 all the way over to last year. And the last, you know, to 2020. It came off the lows at approximately $3, ran up to 26, pulled back to 19. And if you get the next break, you know, at 26. I mean, if we really get action at 26, then guess what? Then you get game up to ice and game up to ice would be, yeah, before it, it's a big number man. Game up to ice is like 46. So that no doubt is a decent number. Well, let's go take a look at the Amazons because Amazon was getting at the lower end of its consolidation also. And okay, so coming down, the volume contracted out. This has been taking a long time to get down there. The lower end of the Amazon's consolidation is 31, 70, 16. The high of the low is 32, 79. We got to 32, 38 today, we're at 32, 76. So you can see what's happening. It's getting into that area. And that's what you want, folks. You want a rejection of lower price at the lower end of the consolidation. You know, because this does have, well, the price is that 31, 63, okay. Hey, we'll see how it happens when it comes down to its lower ends. We got to take a look at Microsoft. We know we've had sellers in Microsoft that are monster way. They sold it away yesterday. Let's see how this thing is setting up now. So Microsoft right now, down to buck 30, say, okay, so this is cool, man. Microsoft broke its consolidation. So Microsoft is gonna, you know, Microsoft was a leader in the way up. Now guess what? It's gonna be a leader on the way down. You broke the consolidation. So now you can make the, the 318 is the bottom, 345. So we got what, 28 points. That gets you 290. Yeah, and the swing point's 280. So when you look at Microsoft, Microsoft is set up to go to the lower swing point of 280. Now you'll get, I suspect some bounces in between that, but that's good, that is gonna keep pressure on the NDX100. Dow, Dow Industries right now are up 114. Nasdaq is down 114, sorry. Nasdaq, up 24 S&Ps up three and a half, come right back. You having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex creditor in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. 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This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Welcome back, folks, to the Dow. Dow Industries are down 100. We get the NASDAQ up 29. The S&P's are up about five and a half. So let's get over to this gold market and take a look at this gold market. First, we're gonna get into the XAU. Take a look at the XAU. So this baby here, down hard yesterday. Gaps lower today. We're trading down 368. You're at 123. So volume is, they was 27 million. Okay, that's not bad though. 33 are coming into 132 million. So it doesn't look to me that, yeah, it's not. Okay, so what happens, folks, is that the XAU, HUI, you get the volumes at approximately eight o'clock at night. This is coming down on light volume. Even yesterday with the 27 million, the last low out here had 38 million. The prior downdraft had 33. So we'll see. We get some price destruction though. And there's no doubt that a few of these are right at the very lower swing. So the real question is, is it gonna break them? If we take a look at the gold bugs index, that is off $7.05 out here today. Yesterday we went south with 20 million. Won't use that one. But you're coming into 30. Yeah, there's still not enough sellers. Yeah, at 248 to 235. Inside the gold bugs index, we had 30 million. And in a month today, like yesterday, we only had 20 million. So it's gonna be slow of volume out here today. Well, when I say, it's gonna be higher volume in the marketplace. It's gonna be slow of volume in some of these golds, the way that trade traded out. New months, yeah, yesterday we did 6 million today. Oh, actually, no. Yeah, yesterday we did 7.2 million, we're at 6.1 million today. And that's going into, that's almost already rejected a little price. It had a print of 57.87, and then all of a sudden it's year 58.92. JPMorgan, let's go take a look at some of the banks, because the bottom line, folks, if you are looking for something on a longer term basis, it's still gonna be a choppy market. But what you will see is that as rates go up, banks are one place that they don't even have to, so picture this, the difference in the banking structure is they do not have to produce more product. The bottom line is that alls that happens here is that the money's already in the bank, their spreads get larger. And you can see with JPMorgan's case, okay, bottom line, you went topside last two or three weeks, they rejected the law into consolidation, you have some volume up here, that's saying, okay, so 164, 172 is coming at you, and you, it's kicking off a 2.4% dividend at this price. Marbell, let's go to Marbell, these things that were actually moving before the fact. And Marbell came off the bottom at 22, right now you're trading 26, and I think this is gonna probably be just another one of these deals that large money are gonna start basically, they probably have already done it, meaning they protected themselves to a certain point on some of the tech stocks because the valuations are so huge, it's unbelievable, there's no doubt. Bottom line, as that money starts moving, they're gonna be basically looking for some kind of dividend. The telephones absolutely have it. So now let's go take a look at RIVN, this is Rivian. So Rivian, this is unusual in the context that you got a Tesla trading worth more than Volkswagen and Ford. Here comes Rivian and they went IPO folks at $78. They hit $75 today. And when I say they went IPO, it just means that if you had got the IPO, it was 75, and let's see what the first print was here because I suspect it was a lot more than 75. Yeah, it was 95, no it was. So the first print, check this out, the first print was $106.75, and then it closed that day at $100. Then that went up to $170. And now it hit 75, a rejected lower price out here today. We'll see where this whole thing is gonna shake out, but I wouldn't be stepping in here, that's for sure. And one of the main reasons I wouldn't be stepping in, if we get over to Tesla and take a look at Tesla, what you're gonna see is this. The low is $539, the high is $1243. Tesla right now, rejected lower price out here today at $1020. That being said, in Tesla's case, we do have two lower highs and two lower lows. So what normally happens, folks, is that when you're doing technical analysis, you want three. If you're doing trend lines, you wanna hit three. So you want three up and above, three down below. Bottom line, my take is that we're still on a downtrend here with Tesla. And Tesla, there's no doubt with the amount of competition that's coming on could get a lot lower. There's no doubt. When you look at this, this is where it is so bizarre. There's no doubt. So we take a look at Tesla. Tesla's still a trillion dollar market cap, right? And then we turn around and you go to Ford and you say, oh, really? It's only a $97 billion market cap. It just doesn't fly. It particularly doesn't fly because, hey, let's go to Amazon. So watch this, because this is really applicable in Rivian's place. Okay, let's see, where are you? Well, this one story here is about Rivian extends fall, but Amazon still needs more EVs they do. But what also happened is that even though I believe Tesla owned, I mean, Rivian owns, Amazon owns some of Rivia, what you do have is this, is that the way that Amazon moves, Amazon, okay, oh, here it is right here, okay. So Rivian Automotive fell as Amazon, one of its biggest backers and customers agreed to buy battery electric delivery vans from its rival, Stellanaris. The first vehicles under the new water I do next year, it didn't disclose the size of the deal. So if you know anything about Amazon, which we all do, just because Amazon has backed this company doesn't mean that they're only gonna buy off Rivian. It's not gonna happen. What is going to happen is that Amazon will back three or four, five companies because Amazon's goal is to be the biggest EV delivery in the world probably with no drivers. That's where they're at. They're one of the first ones that had robotics going in a big way and that's what you're looking at here. So they wouldn't, and you can imagine what would end up happening is that when you do have the backing of three or four or five of them and then you put out the bid, what are you gonna do? Who's gonna bid? Well, bottom line, they're all gonna jump over each other with a bid and Amazon's gonna get quite a deal. Stay right there, folks. Come right back. We get all red in the screen right now. We got the Dow Industries down 151, Nasdaq off eight, S&P's off three. We'll come right back. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate, LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, foresight fund services, LLC. Call now, toll-free at 1-877-927-6648. Internationally at 727-873-7618. I'm O'Brien. Welcome back, folks. The Dow industry is right now trading down 158. You get the magic off 22 S&Ps off five. And let's go take a look at the lumber prices again here, cause I got a great story, folks. This is so intriguing, man. And it's not good news, I can tell you that, for folks that are looking for places. So we're at 1171 right now, and four months ago, you were at 492. Oh man, let me see if I can get the generic one up. Is that generic? There we go, okay, good. So now I'll put this against the last high. Yeah, it's even over, that's crazy if it's over the last high. No, it's not, okay. So the last high in lumber was 1711. Then it crashed. Now, okay, so the last high that was generated, okay, was May of last year, folks. May, 2021, okay? So we're in January, 2022. It goes from 1711 down to 446. Now we're up at 1172 again. It looks like there's no reason it can't sort to 1711. So here's the story, right? So I checked this out. Let me do this. There's a couple of different ways we can do this. Well, first off, let me tell you the story first. So you get a picture, the aspect of building houses, building a pot and building whatever it is. There's two different stories out here today. Well, no, there's one story out here, and then I can tell you the second part of this about the building of trusses. The whole United States right now, the apartment rate, the vacancy rate is basically, it's never been this low. The full rate is 97.5% folks, okay? So what 97.5% means is the bottom line, when you get an average of 97.5% across the country, that's just unheard of. And the reason that is like that is twofold. From 2006 up until approximately 2016, 15, there wasn't building going on at all. That was, there was still thousands of houses out there, the rehabs, there's the thousands of apartments, the rehabs, okay? So that's a long period of time, not a huge amount of rebuilding that's going on. Yet, we still, population-wise, population was still coming in. Every 10 years, we're adding whether it's 10, 20 million people, okay? So housing, bottom line, we talk about a supply and demand equation, it's at a monster equation, meaning there's much more demand because there's many more people than there are houses to do. Okay, so that's the first one. Well, now we had talked about trusses before, and the backup that's on trusses. So in our picture of this, so I just went in, what we do is we check all the time because the bottom line, we want to know how many weeks ahead do you have to order trusses and honestly get them delivered? Well, this morning, here's the number, and this is like shocking, 30 weeks, three zero folks, three zero, that's like insanity. So that would mean that you could stop building a house and you are not gonna get trusses for 30 weeks, okay? That's a huge problem. I mean, it's a mega problem. I actually get a meeting with the trust people and it's, yeah, you know what's interesting here? Let's bring up the, because this is a public company I'm dealing with. Bring it up right now and watch this, because this is what ended up happening. Okay, so it's builders for a source. They're a monster company, folks, okay? So let's see, the low for the year is 37, the high is 86, okay? Revenue-wise, excuse me, they're gonna do 4.3 billion this quarter. And you can see, so look at this for a second. See, last quarter is 5.5, next quarter, 4.3. The problem is that they can't get enough help. They can't get enough plates. So if you've ever seen what a truss looks like, trusses, when you first look at them, anyone that went to a good, basically technical high school that had a good woodworking and drafting classes, you could do trusses. They're not the hardest thing in the world to do, on most of them out. If you have a complex roof, it's gonna be a little bit different. But the bottom line is that they're pretty good, easy to do. That being said, you still need the pots. And what has happened in the machine shops are these plates, they're claiming they don't have enough plates, okay? So it is so intriguing to me because what ends up happening, like I'm dealing with this company, I have a meeting with them next week, and the bottom line is that in the process of building an eight unit luxury place. And thank God that I'm doing it this far ahead of time because guess what? I haven't even gone, the plans are getting developed. So we're going in for the permits. So I'm actually gonna order the trusses before I even get the permit. That's how backed up they are. Now, my take on this, okay, for the real estate business is that, guess what, when people say to me, like, is it real estate gonna hold up? Well, cash flowing in St. Pete is huge, okay? You know, Boston, I don't see it. There's still cities that don't cash flows, no doubt about it. When you're cash flowing, but then builders that can't even build and can't deliver a product for over a year, let's say 12, let's say 15, 16 months where before you deliver a product in seven to eight months, that is telling me flat out, okay? That, guess what? This is gonna go on for a bit. And if we start talking about the mortgage rates, you know, a couple of targets saying it won't hold up with a four to 5% mortgage, I don't agree with that. And I can tell you why. I have plenty of mortgages at 4.5%. And, you know, that's not the end of the world. You know, and I understand the concept that, yeah, we were at three for a long time, but four and a half is not a big deal. You're talking about a 30-year deal. You know, so it's going to be a very tight market for a very long time. And yes, those poor people in Colorado that got the house burnt down, that is gonna be a problem. What I was doing, this is something to keep your eyes on. When I first had the meeting on the phone with the salesperson and his manager, at Builder. And I got a lot of good information. When I went to the place, I got more information and this is what it was. And this is why something you want to keep your eye on these Builders also. So in Florida, what had happened, Lonaire and Toll brothers, of course, are right here. And I know, well, they told me flat out, what had happened is that they had taken too many artists from Lonaire and Toll and they shut them off now. So I suspect Lonaire and Toll will definitely find, you know, more Builders and how to get to trust us as everyone wants business. But you can see that's how desperate the deal has got. And it would totally make sense to me that that's what they would do. Why? Because I suspect whatever the price that Lonaire and Toll is paying is probably half the price of what a Builder that only does, you know, six, seven homes a year. You know, we're gonna pay more money. There's no doubt about that. But there's a lot of moving parts in that business right now, folks. And the biggest part of it is no building from 2006 to probably 13, well, 2015, it's nine years. People that come in and then all of a sudden the bottom line is that you have more people than you have houses. That is truly something that I haven't seen and I've been doing this now for 40 years. Stay right there, folks, come right back. Sharpening your skills as an investor is like getting better at playing a musical instrument. 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And one of the things I did forget, which I've mentioned in the past in a big way about the housing market, is the amount of funds. There's no doubt. I did it, too. Came in and just bought every single family that you could buy and rent them. The large funds, folks, are never gonna sell. Those houses are never gonna be back on the marketplace. That makes a huge difference in a supply and demand equation, because what has happened is that you have a housing market that is now public. And it's just not the builders you're talking about, the owners of the single families. One of the tigers just brought up AMH, okay? Bottom line, that's American Homes to Rent. You can see the revenue here. The revenue, 1.5 billion a year, and they make 4 to 46 cents a share. So the bottom line is that we are gonna have a tight housing market for a long period of time. Okay, let's go take a look at this market. It's all red right now. We take a look at the first, let's go into the end queues, because the end queues, no doubt, are the weakest. They are right next to the lower end of the consolidation that goes close right in the middle. So we'll see what you still have here is this, is that the amount of volume as you are going into that is definitely 66. Last time was 65. The prior time was 105. Haven't hit it yet. We have jobs numbers tomorrow morning. So what this is saying is that jobs numbers, you talk about some volatility in the morning, you got a big volatility, because everyone is gonna be looking at this consolidation in the queues, because if you break the consolidation, 350 is game. It might take 350 is game. That's a longer term deal, but that's exactly where I think this thing wants to go, because what it does, it sticks out like a sore thumb, and it's been hitting the top of that consolidation, the bottom of that consolidation, and it's been hitting the bottom of that consolidation with volume. Always remember folks, the bear can cry a hot out, the bull can run you over, and thank God, there's always another trade. Health happens in prosperity, have a great night. Have a safe night, come back and visit us tomorrow morning. Tommy kicks us off nine o'clock in the morning. It's a great show. Look at him folks. Building wealth, trading.