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NQs, again, just down slightly 0.22 percent in the Dow futures of about 0.29. We kind of have a flat market today. Some of the bonds kind of going down in price. We'll talk a little bit about that and what that kind of means for rates going forward. We have Tesla, it kind of got eviscerated the other day, up about 0.6 percent currently, but trading from about a monthly high of $265 down to $239. Steel Dynamics, down we were looking yesterday at about $120, kind of volatile right now at least for the price, down about 1.69 percent today. Take a look at some of the more base metals here. We have gold that was actually trading up a bit, we're at 2,051 on the contract, and then silver really gave up a lot of its gains up from that peak of about 0.2635. Trading right now at 0.2322, copper staying pretty strong, like that contract at $3.84. Crude oil, so there's a lot of stuff going on that's going to impact I think energy prices here. There's a lot of tension in the Red Sea. A lot of oil kind of moves through this area. We have the shipping giant Maersk resume shipping through there now. I mean a lot of supplies go through the Red Sea, so this tensions impact a lot of things, but oil will be number one in here. I think we're going to see a jump. We'll talk a bit about that. I get concerned with seeing this oil jump. Prices have actually been pretty low recently, even at the pump for a lot of consumers, which is awesome. If there's anything that kind of gets impacted on the oil end here and prices go up, that's obviously going to skew the total CPI. That might cause some kind of reaction in a way that we don't all like, especially for holders. Let's take a little more of the dollar trading flat right now. We're at $10243, looking probably to retest around the $103 area. A higher dollar, that gets a more depressed market. We haven't seen a lot of movement in the way that we would like to see the dollar move. QQQ sideways, Google down about 1.09%, Meta pretty low, pretty sideways at least rather. About $347.28, Disney down at $90, so we're trading down about a buck from yesterday. Apple at $182.47 in the spy, we're trading at $468.96. Took a look at the global market as a whole. The eurozone is anticipating pretty intense inflation. Inflation is still rising in the eurozone, even though they believed that things were going to pull back like we're seeing here. Now this is bringing some doubts over rate cuts. Of course, we're not the eurozone, but this does impact us in some capacity. Essentially, the French released their figures earlier this morning, was rising about 4.1%, which is okay, but that's up from 3.9% from November. So we are seeing an increase there. Germany is getting really hammered with it. It's about to be released here. It's going to be a jump, basically 3.8% from 2.3 in November. If we see this kind of spread out, we might have a more prolonged kind of stage of seeing rates going to get pulled back. We spoke about yesterday how the Fed is kind of thinking about we're going to reduce some rates. They didn't release kind of a roadmap for that. They said probably by the end of the year, we'll have three-quarter point reductions, but still if you get something like we were talking about with oil, it comes in and prices get kind of skewed. Again, I know that's not the core CPI, but I think one of the things that bothers me about all of that is if core CPI is bad, but energy is lower for that reporting cycle, then it's a good thing. Obviously, if CPI in general is just high, but core CPI down, that's a good thing. There's this spin that exists that kind of just persists in the media, especially when CPI is released. I have a feeling that if again, if energy gets a lot higher, this next kind of cycle, we might see some of that kind of euphoria coming from the talk about a pullback in rates kind of dissipate. We might see some sell-off. Not sure we'll have to wait to see on that. We'll take a look a little bit more about this. Oil contracts really are surging. Let's take a look here. Sideways right now, $72.23 in the Brent. Again, we just have a little bit of this tick up here. Yesterday, they were surging around 3%. There's obviously a protest over high fuel prices, at least in Libya. This affects oil fuel production in Libya. That completely halted it entirely. There's ongoing concerns over Yemen's, the Houthis, which are backed by Iran. Of course, there are some issues with Iranian drones hitting some big shipments, essentially. This whole area is under a lot of intensity. Again, if this gets impacted, these trade routes get impacted, we might see a bad total CPI going forward. Take a look here. We're going to look at Ford, just for some other news during the day, up about 7.1% in the U.S., vehicle sales rather. Best year since 2019 for Ford. Sales increased about 7% last year, marking the automakers' best sales since 2020, coming in lower than the overall industry's growth. Ford on Thursday reported sales of nearly 2 million vehicles in 2023, which is 7.1% increase from the previous year. The company finished third in overall U.S. sales. That is trailing Toyota and General Motors. Ford's overall 2023 sales are lower than the industry's, which Autodata firms topped about 15.6 million total of last year. Of course, we've been seeing Ford try to get into the electric vehicle area. Again, I think some of these old kind of traditional vehicle makers are going to have a hard time pivoting away, because their infrastructure isn't really focused on that. Volkswagen's been doing a good job. We'll talk a little bit about them in the coming segments. They're a deal with Quantum Scope, and these guys make a solid-state lithium battery. We'll talk a little bit about that, but it was actually majorly successful. This was positive for Volkswagen. Quantum Escape went up like, let me see here, almost 50% today. We'll talk a little bit about why that is, and what that kind of technology, how that plays a role, and how it may impact other companies like Tesla and so on. So folks, stay tuned. We'll be 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. 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. 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In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. At 727-873-7618. Welcome back, folks. This is Jacob Schumpf, filling in for Tom O'Brien. I think we'll have Tim Ord on pretty soon. I think we got an interesting market to have Tim on. So anyways, in the interim, let's take a look. Some of the reports going on that were positive, and I want to give maybe a little bit of opinion on this and what this kind of means. Anyways, the U.S. applications for unemployment benefits fall again as job market continues to show strength. The number of Americans applying for unemployment benefits fell last week as the labor market continues to show resilience despite elevated interest rates. Jobless claims fell to 202,000 for the week ending December 30th down from about 18,000 the previous week. Four-week average of claims, which evens out some of the week-to-week volatility fell by about 4,750 to 207,750. All right, so this was the whole plan, right? You have, oh, well, you'll have to wait to listen, but now we have Tim Ord on. Tim, can you hear me? Yep, I sure can. Can you hear me? I can hear you. How are you doing? Good. How are you doing? I'm doing well. All rested from the holidays is very good. So what are we taking a look at today, Tim? All right. I'll send you some charts. I assume you got them. I got them, yes. All right. Let's take a look at, we'll start with chart one. Perfect. And anyhow, the bottom window is the daily SPX. The next higher window is the SPX fixed ratio, and the top window is the VIX. And while I want to point out, so when the S&Ps were going higher into, I think, the December 28th or 29th high, and the SPX were making higher highs, that we're on the current time frame right now, and that's what's shaded in, and basically shaded in pink there, those are the divergence times that I wanted to point out. But when the SPX are making higher highs in that ratio, which is a SPX fixed ratio, it's the middle window, it makes lower highs, you get a short-term divergence. Now, you can look at, there's bigger divergence, smaller divergence. This is just a small divergence, and it can mean just a sideways market or even a pullback, but usually not a major sign on the bigger time frames. But also, as the market pulls back, you want to look how deep that ratio goes. If you notice, today we're basically matching the December 20th low, which is the previous low we had here, and the SPX is pretty much matching that low. If you notice, the SPX fixed ratio made a lower low, so now it's making lower highs and lower lows. And that's a pretty decent divergence. And that's saying, these diverges can actually last a while. So it doesn't mean we have already seen the top, but I still think on a short-term basis, we are going to go back up one more time, possibly hit a new short-term high. And that will be the time to look for a short position, but not now, at least from my work. Could be wrong, but I think there is a good chance on a short-term basis. We're going to bounce up here, probably starting, if not today, tomorrow, and probably running to next week, and how high that rally goes could set up the next sell signal. But a short-term basis here, I also want to point out, last week, I think it was last week, we're at five days in a row going into December 29th or 28th, wherever that last high was. If the market is up five days in a row, normally A3% of the time, the market will be higher within five days. So we're down, right now, we're down four days in a row. So tomorrow's fifth day, can we make new highs? Tomorrow, probably not. But that's also another sign. If we don't hit a new high within five days, I still think we'll get a rally because that five days up here is usually never the final high. Usually you get some sort of a temp, at least go back up, mash the highs. So I still think there's a rally in front of us. But the next step is going to be pretty important. So anyhow, that's a short-term picture. So a short-term picture, probably a short-term bounce that could lead to a sell signal. So what's that mean on a bigger timeframe? So let's flip to chart two. We have it up. All right, chart two, this is a weekly chart. So you really can't see the little negative divergence on the daily chart. The same chart, the same tecla analysis I guess is here. The bottom window is the weekly SPX fix ratio. And the middle window is the SPX. I didn't use the SPY. But this is on a weekly timeframes. And the divergence worked the same way. As the SPs go higher, you want that ratio, the SPX fix ratio, go higher. That's what's happening here. So on December rally, we broke above the July high. And if you look at the SPX fix ratio, we did break above the previous high. So that's all bullish on the weekly timeframes. But on a shorter timeframes, on chart one, we could see some up and down. What I'm thinking of probably a rally maybe later this week, tomorrow or something, or the first part next week. And we may hit a high or may not hit a new high. But ultimately, I think the pullback will take us back to 4,600, which is basically the high we had back in late July. I think that's probably going to find support. And from there, back up. So nothing real significant, normally, just a probably a consolidation of some sort. Maybe over the next couple of weeks, maybe possibly into month in, I don't know. It doesn't look like anything really serious on the bigger timeframes is going on here. But let's flip to chart three real quick. All right. We got chart three out. All right. Chart three is kind of the bottom window is the SPX ratio again. And I just showing you as yes, the ratio is making higher highs. And do you notice this is the monthly, I believe. Yeah, it's a monthly SPX fixed ratio. Now, this, let's see, this chart goes back all the way back to the top we had back in 2022, late December. And if you notice, we haven't hit that the SPX is not touched that high yet back in December, 2022. It's a little bit lower. That high was 48 something. And we haven't quite hit that yet. Just a little bit shy of it. But if you go down to the bottom window, the ratio has already made higher highs. So at some point, we're going to break above the December 22nd high. And so I think we're probably pulling back to 4600. And with the bigger timeframes of monthly ratios, showing a bullish configuration, that 4600 is probably going to be support. And at some point we're going to start breaking above the December 2022 high. How high is high? Well, I'm thinking what the pattern that's forming here on the monthly chart is the head and shoulder's bottom. Where the October, July is the head and his head and shoulder's central pattern as an upside target around 5700. So ultimately, I think we'll hit that maybe this year, you know, probably later on the year. But if you notice that neckline I've drawn there is at 4600. That's pretty close. I think we'll pull back there to get to go. I hear the music. Awesome. Yeah. Tim, stay tuned or stay right there. We'll be back. Interested to look at the other charts. We have nothing but three more as well. Folks, stay right there. Self and Tim Orton will be 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 in 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. 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Tim Ward of the Ord Oracle. Tim, are you still with us? I sure am. I'm right here. Awesome. See, we're still on chart three, right? Go ahead. We're still on chart three. I just pointed out chart three, the bigger pattern is bullish. The weeklies look okay. The dailies are kind of not real bearish, but probably consolidation in January is starting to look like. That kind of sums up the first three charts, so let's flip to chart four. All right. Let's get this going here. I have chart four up. All right. The middle window is the monthly HUI Gold Index, and it's the ratio. In a nutshell, when the ratio is rising, it's bullish. When it's declining, what happens when the gold stocks are outperforming gold? Gold and gold stocks are an uptrend. When gold is outperforming the gold stocks, usually the market is in a downtrend. All this is the ratio. I use the Bollinger Band on it. The blue lines are when the Bollinger Bands or when the ratio closes above the mid-Bollinger Band. The red lines are when the index closes or the HUI Gold Index closes below the mid-Bollinger Band. So back in 2011, high went bearish, never turned bullish until 2016. Now it stayed bullish for about a year, went bearish again for about maybe two years, bullish again in 2019 or a couple years, and it's basically been bearish since 2021. That's the red line. Excuse me. That's the red line, and since it has not closed above it yet. But what I want to point out here, what's really intriguing, notice the Bollinger Bands on this ratio start to squeeze, and that would be the second window up from the bottom. That's the width of the Bollinger Band. And the weaving of the Bollinger Bands suggests at some point, if you look there, that ratio has been going sideways since about mid-2022. So it's been going sideways for almost two years. Now really, hadn't gone up, went up a little bit, went down a little bit, and now it's trying to go back up. But really hadn't gone anywhere. And that's when the Bollinger Band squeeze, when those Bollinger Band squeezes, it suggests at some point, you're going to see an impulse wave. An impulse wave is more of a straight line move. So we're going to break out of this sideways consolidation and either go up or down. And that doesn't give you the direction, but most likely it's going to be up because you can always stay down for so long. The market's been going down since 2021. So now you've got the Bollinger Band squeezing, and over the last couple of months this ratio has been going up. So I think at some point we're going to close above the mid Bollinger Band, and that's going to be a longer-term bi-signal. And these bi-signals last at a minimum of a year and can last three, four years. So how long it's going to last, really don't know. But the second window up from the bottom is where the Bollinger Band is squeezed. I guess the more squeezed it is, the more bigger that move is. Last time we got near the squeeze came back in at the 2011 high, not quite as low as it's been, or quite as low as it was in 2011, but it's nearing that level. And that predicted, and that was a major bear market. So this one, in my opinion, is probably going to be a major bull market. So something big is about to happen. It's not going to be years down the road. It's probably going to be months down the road, but it's not going to be a whole lot of months down the road. But we're going to break out of this trading range. And if you notice, you go to the top window there, that's the HUI index also. If you notice the Bollinger Bands are starting to squeeze together, they're also right here. So we've got something that's about to happen probably within the next six months, maybe even the next three months, I don't know. But something big is going on with the gold market. So has it triggered the bicycle yet? No, but that HUI ratio needs to keep going up to get above that mid-Bollinger Band. And once that above is mid-Bollinger Band, I think a lot of steps is going to be explosive. I don't know, explosive is the right word for it, but it's going to be meaningful. I'll put it that way. Definitely. And I see for the other chart you have here as well, and this is something I've just been following because I think the movement of it is more extreme compared to gold is you have silver going on here. So you have the monthly silver on chart four. And I think this is going to be fascinating for everyone. Yeah. Here, I'm pulling it up right now. It's on chart five. Chart five. Yeah, chart five is really interesting. This is the silver gold miners. Excuse me, let me get a drink here. I think we're both having the same thing there, Tim. Yeah. This chart is really interesting too. The bottom window is the SLV silver ratio. And so this ratio has never been as cheap as it is right now. And last time it was this cheap. In other words, this ratio is down. It's cheap compared to the silver stocks that are cheap compared to the price of silver. And last time it's been this low, was back at the 2016 low. And right after that, the market screamed up. It went from basically 17 on SLI up to about 45 or whatever. And it happened within a year. So cheapness were there. Also, the next window up is the Bollinger band spread again. And so we're as cheap as the spread is now it is going back to 2018. So that also, the market's going sideways for almost a year and a half, two years on SLI. So silver stocks really just hadn't done anything yet. But if you notice, we did close above the mid-Bollinger band. It's back down on it right now. But you got the ratio extremely valuation wise, extremely good valuation. And you got the silver ratio above the mid-Bollinger band. And I didn't draw those lines in there because the chart gets too messy. But every time in the past, you got to close above the mid-Bollinger band. You had a multi-month, if not a multi-year rally. So the silver stocks may have already started their rallies, what I'm saying. And we're very early in the stages. So that's, I guess, gold hasn't closed above its mid-Bollinger band, but the silver stocks has. So silver, you also want silver to outperform gold because that's what happens in bull markets. And bull markets, silver performs better than gold. So silver should be taken off along with silver stocks here, along with the Bollinger band squeezing. So we got chart six. Do we got one more? We got time? Yes. So we have about 20 seconds left. If you want to stay with us into the next segment, you can as well. I'll pull up chart six anyways. But I just wanted to say, even with silver, I mean, seeing that, it was such a, it hadn't been animated. I'm looking at the silver futures. And just to see it kind of bump up to that 26, like 35 level, it interested me a little bit. Right. And I'd like to see silver get more attention as well. And I think kind of looking at this, that's actually not a bad forecast for it. But Tim, stay right there and we'll have you on right after this break. 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. An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. 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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 Tigresses for just $1 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. Tim, we're looking at the GDX right now, huh? No, let's go back to chart five. Perfect. Love it. So this is a monthly chart. That doesn't mean silver's going to be up next day, but it has gave a, in my opinion, major buy signal probably back in late 2023. And like I said before, these are not really wippy signals. Once they get on a buy signal or a sell signal, they stay there. So I'm thinking this index, silver miners, has turned up. So I'm thinking they're starting to perform an axiom, a couple of silver mines, and they actually have performed pretty well. So this is a bigger timeframe. This rally, in my opinion, on the silver miners has started already. The bottom, my opinion's in. I guess the worst case scenario, you could test the low one more time, but I don't think that's going to happen. So, but there's too many good things. The valuation, which is bottom window is where you like to see it, you know, rock bottom. And now you've got the Bollinger band's pinching. So something is about to pop, you know, since it's a monthly chart, doesn't mean it's going to pop today, but it could pop, you know, next month, month after. It'd be my opinion before June. So, but yeah, we can go to chart six now. Right on. Okay. We're looking at chart six right now, Tim. Yeah, GDX is top window. Here's what I'm thinking is going on. We had a head, this is a weekly chart of GDX. We had a head and shoulder pattern that formed where the October low is ahead. The right shoulder formed in the November timeframe. He had a sign of strength through the neckline. And it came back to the neckline, tested, went back up, went back down. And what I'm thinking this sideways movement that's been going on for six weeks is the right shoulder of a bigger head and shoulder's bottom. The reason why I say that is because there's a salation. If you look back in May, June, July of last year, you had a sideways pattern going on there, which I have left SHSN for left shoulder. So I'm thinking this is a left shoulder back in that timeframe. And we're forming the right shoulder right now. And this left shoulder and right shoulder, time-wise, are usually pretty close in time. The left shoulder took about nine weeks to complete. We're in about number six weeks completing right now. So market may stay, I don't know, words not stagnant, but the market may trade in a range of 29 to 31 range over the next couple of weeks or three weeks. And from there, I think we break above that neckline, which is on this bigger head and shoulder's pattern around that 31-32 area. I got marked there. And so I'm thinking this is a multi-head and shoulder's bottom. We got second one developing and we're developing on the right shoulder right now. And since October, if you notice, we're making higher highs, higher lows over the last, since last October. And that's the definition of an uptrend. So it's been really choppy most of the year, going back all the way to June. And I think that choppiness is probably going to end later, probably starting February. A lot of times, February have big turns in the market for gold, gold stocks. And I think that run could possibly start in February sometime and run all the way in probably October of this year is what it's starting to look like. But it doesn't look like anything real meaningful is going to happen over the next couple, three weeks. I'm thinking to form the right shoulder of this bigger head and shoulder's pattern, it probably is going to remain in kind of a consolidation phase. So the bigger patterns bullish, the short-term pattern is probably a little bit sideways. We have sport around 29, which is a smaller head and shoulder's sport. We may possibly test that one more time. Then a larger one is up around that 31, 32. So not a lot to talk about. I think on short-term, some is fine on it. There's other indicators that suggest that some of the larger move is also coming on some of these indexes. Just like silver, I think it's starting. So it could be a really big year for the metals. I'm starting to see this is what it's starting to look like. No, definitely. We've also, I mean exactly what you're saying here, we kind of see it like just a little bit of a sideways movement in gold. I look at a lot of the gold equities every day with some of our portfolios and stuff. And I mean, anticipating something big, I know a lot of people at least in the Tiger's Den are looking forward to that. And we're hoping to, you know, when it just moves sideways, you're just waiting for something to kind of pop with it. So these are awesome charts, Tim, seriously. All right. I hope it helps your readers and stuff. Sometimes you just have to be patient, wait for these signals to mature. And some of you got to act on. But between the two, I guess silver and gold, silver is probably the first one out of the ranks. If you start seeing that go, it'll probably head up before gold starts heading up. Because you like to see silver lead to rally, and that's what's happening here. So, you know, I think this chart was, that's the previous, yeah, that was the previous five. Yeah, five for silver. That chart is already started to go. Love it. Love it. And folks, listen, if, you know, Tim comes on Tuesdays and Thursdays, if you like what he asked to say, we have on TFNN.com, he has services. He has two ones up currently at six ratios every trader should know. And then the secret signs of market tops. Both of these were fantastic. I really strongly recommend it again. That's Tim Ord of the Ord-Oracle.com. Go give him a check out. Tim, thank you so much for coming on today. That was enlightening. All right. But thank you for having me on. I'll see you guys next Tuesday. Sounds great, Tim. We'll see you Tuesday. Take care now. All right. And again, guys, right over here on services, six secret ratios every trader should know. And then the secret signs of market tops. Love both of these. That is one of the, you know, we usually have these after work. And some people are like, oh, you got to stay longer after work. It doesn't matter. It doesn't matter when you get people like Tim Ord, you know, we have Teddy Keckstat on earlier last year, Basil just released one for him. These, these things are great. If you're really looking to like, if you, you know, if you don't know where to start, right? If you want to trade, you're kind of watching our programming. You like kind of being in it with the culture and everything like that, but you're not sure where to start. These are really one of the best things you can start with. Okay. You come over here just to services. We have Tom O'Brien's trade methodology webinar archive, two of Tim's Teddy Keckstat, two of his, we have Basil Larry, I mean, everything guys, you know, you can check out these newsletters. We don't have Tim's newsletter. But you know, these are, these newsletters are all at least 30 day money back guarantee. It's good stuff. Anyways, let's move back. Let's take a look at what we're dealing with right now. We only got a little bit until we have to break about a minute 20 on it. But again, this is a pretty sideways movement that we had going on. We were expecting a little bit of a sell-off starting into January. We did see that, you know, that sets up taxes for the end of this year and everything like that. Take a look at the ES mini. We are flat, Russell flat again, NQ flat, everything just entirely flat. This market is waiting for something, right? It just, it has some energy billed with it. And we'll see whether we pop lower or higher with it. Before we add Tim on, we were talking, oh, you know what? Actually, I do want to answer this question. I got an email. This is something just more on strategy for crypto trading, right? Now we don't talk a lot about crypto at TFNM and that's, you know, that's fine and everything. There's a guy emailed me, he's investing something called Pi, okay? And he wants to know whether or not he sells the whole thing or holds them. We'll talk a little bit more about that when we get back from the break. 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. 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Go to tfnn.com and hit watch tiger tv. That's tfnn.com and hit watch tiger tv. Welcome back folks. To address what I was talking about before I went to break, one of the viewers was looking at pie, I guess it's a crypto and I'm not going to make any comment on the validity of pie or anything, but the way it works, what he has is he wants to sell 50% when it becomes liquid and then take 50% and stake it, okay? So what it is now, what's cool about this I guess blockchain is that you have to click it to give computing power as opposed to it just being a computer that's constantly working on the hash. I think that would probably resolve some issues with like, you know, potential botnets or consolidation of the coin once they're created. The only thing that I would think about, right, is that, one, this coin isn't liquid at all, okay? So, you know, you have whatever like 100 coins, you can't do anything with that coin whatsoever. I'd assume the liquidity event is going to occur once all of them are mined, right? So, you know, then there'll be some other kind of algorithm that you'll have to solve. But I would say that when you're staking crypto, right, this is a proof of stake, right? You get money back from it, which is I think what the viewer's trying to do is stake half of that and just see if he gets some returns. But that is just meant to bring liquidity into the market. So if you have a bunch of people who are basically, you know, adding to this pie to get it, and they're just expecting one big event and getting out, you don't want to stake, right? And that's just more of like a logic thing. I don't know much about pie beyond that other than that's kind of, you know, there's doing a proof of work and proof of stake concept. So I would say, you know, man, like figure what that community wants to do. If it seems like people are in it just for one big buy and they don't really believe in the whole chain, you probably want to go 100% just out of them, you know, thing, whatever. Not even really like advice on it. But that's just the way I would think about it logically, because if the community is not there, you're just staking your stuff, trying to create liquidity in a market where nobody is interacting, right? So you're kind of out of it on that point. Anyways, folks, thank you so much for joining me. That was fun. Tom, we'll be back tomorrow. We'll go over all the good stuff you guys like with him. We had Tim Orton, the Orton Oracle on. Check him out. Folks, have a great rest of your evening, and I'll see you soon.