 Good morning everybody I'm Tommy O'Brien coming to you live from TFNN at 9am Eastern time Monday morning 30 minutes to go until the opening bell and we got markets in the red led by the Dow off 2.2% or 570 points in the red you had the Dow down almost a thousand points in about two or three in the morning right now you're down 573 trading at 24,825 you had S&P futures down as many as a hundred points about right now you're down 56 points or 1.8% trading at 29,67 Nasdaq off 116 points or 1.2% trading at 95,15 we have oil trading lower down $1.28 to 34,98 you have gold trading lower as well gold right now of $27 at 17,10 in the 10 year yield we're getting higher prices and lower yield the yield 0.67% higher price in the 10 year lower yield 0.67% to start off the week start things off let's jump over to the charts and started off with the S&P putting it on a 15 minute chart you see the run from last week 32 31 there's your Fed action on Wednesday up about the same level above 3200 and since then quite a rocket ship to the downside Thursday the markets collapse Friday slightly positive day but look at that collapse we had on Friday I mean you started the day so much higher we went from 3076 down a hundred points at one point in the S&P thankfully the market seemed to save themselves with a rebound probe before the close getting a green print for the indices but none the less folks I mean you hit 2923 overnight with currently trading at 2946 still the futures down about 1.9% Nasdaq as low as 93 68 currently trading at 95 14 jumping over to the Dow down 572 points right now 24,832 you made it as low as 24,409 right at 2 a.m. Eastern time jumping over to crude 3468 we're coming into the range of the lows in crude at 34 36 and the gold contract so far this morning down a bit 1710 making new lows within about the last hour half hour on gold trading at 1710 currently jumping over to the VIX as we get ready for this week of trading how about a 44 44 high on the VIX overnight when you had the Dow down about a thousand yet S&Ps down about a hundred you have the VIX with a 44 44 print that yeah overnight currently the VIX still above 40 with elevated premium as you may expect folks markets were down what was it 5 to 7% on Thursday following the Fed Day volatility is here the VIX above 40 and Larry Pezzavento coming up live with trade what you see right now stay tuned folks live programming all day at tfnn.com we'll be right back