 presentation of T. 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 uh Phil in Puerto Rico. Hey Phil what's going on? Hey Tom doing great um just wanted to thank you guys and the whole crew that's content on the internet really appreciate everything you guys are doing. We appreciate your growling problem with us out here. Phil how did you find us? I just typed in live trading in YouTube one morning. Cool. I was looking for any type of live trading room you guys come up and that's awesome. I know quality when I see it well at least I like to think so and uh I mean you guys are just a dream I appreciate everything you guys do. Welcome to the Tiger film we appreciate your growling problem with us. Oh my pleasure. Now Tom O'Brien. Welcome folks this is Tom O'Brien of TFNN. We have five days a week we are 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 it a great night folks. Don't make assumptions communicate with clarity communicate with others as clearly as you can to avoid misunderstanding sadness and drama if all humans would communicate with impeccability of the word all our relationships would change there be no laws no violence and no misunderstandings. Mug and wise let's take a look at it out here we have the now industrials down six NASDAQ off 147 S&Ps down 32 gold contract down two dollars trading at 16 73 and ounce we had silver down 49 cents 19 dollars 12 cents an ounce late sweet crude off two dollars 69 cents 88 dollars 42 cents a barrel notes and bonds a 10 year note trading up six ticks right now at a price point of 116 the 30 up 16 at 124 21 and king dollar king dolls up 179 ticks trading 113 329 the year is at 97 the yen is that out here at a price point of 145 and the british pound is at 109 to 1 us dollar iPhone numbers 877 9276 648 give us a call folks or know what's going on in your world so the 10 year note right now folks is yielding 3.944 no 3.933 and the high is 3.945 so we're going to go over and look at this bond first because this is all about bonds well it's not all about but bonds and currencies move in the market made a monster way so we take a look at this yep I can see it okay so the last low that was the high 110 19 you got the one 1021 out here real question is is it going to be able to get off this baby well here's how it shakes out man this is going to be interesting so 119 teams the low that had 2.9 million contracts so one we're at 1.4 yesterday hey we'll see I mean this is saying that there's a lot less sellers down this area and you know of course this one straight down from 122 you know down to 118 I mean one of the 110 that 110 19 so bottom line is that you know you could get a bounce going there's no doubt about that so now let's go look at the broad market let's go take a look at the s&p first we'll take a look at the spy what you have with the spy is this so you're going into the swing point which is uh 350704 we broke it and that's 153 million shares now we're only at 64 million shares so this is a big number man meaning that if this can close above the 350704 today you're going to get action I mean this is acting I can tell you this this is acting like it wants to make a bottom that's going to last for a while now my take is that we're going to go a lot lower in the s&p meaning about another 500 points but when you have a the way this is coming into lows um it looks to me that we're making a bottom what I mean by that is this bottoms that last a longer period of time actually do something like this like we're done today first you test yet yesterday was a test you know bottom line was Columbus Day but the bottom line the volume was a lot less today's a lot less and normally when you're trying to get off something like this you know the nerves are there and I can see in this case here you went up you pulled all the way back in about two seconds flat and we know that we got the cpi coming out tomorrow we take a look at the cues now the cues are in a different ball game there's they just are I mean you know they they broke lower the real question I mean the cues in order to get to higher price have to get to 269 30 269 28 the volume's contracting there's no doubt about that volume's contracting but guess what that's about it man because when you take a look at inside the cues you got amgen up 5.3 percent microns up 2.8 wall greens boots is up to taken away from it now this is the killer man lambs down 7.8 percent clack is down 7.5 you know we've talked about this so many times man the bottom line is that the chips take you up the chips take you down the chips have getting killed so and lamb research look at this isn't ABC down man this is a 453 this is a monster too you get what so that's what I say 53 so there's 53 plus what is that number plus 40 90 98 that gets a 308 well you're 324 I see it's a 308 it's down 25 bucks out here 304 is the ABC down yeah but look at this 309 is the high of the low I think of May 2020 these folks that the COVID high the COVID bar is what everything's going after man there it is right there look at that yep 309 man that's the highs of the lows and you can see I mean the bottom line is that we went up you come off the highs with volume yeah let's get over to the oil market so the oil's taking a hit out here get the active contract it looks like you get some volume on this hit too man okay so you get 284,000 contracts they have volumes not that high we may not yeah volumes not that high you need another day like with heavier volumes than today you know we're stopping in its tracks though is the downdraft that was established out here on the 20th of August that's when the oil went from 96 to 90 dollars that stopped it in its tracks on the way up there's no doubt about that so we'll see where that whole baby's going to shake out and we'll also see you know what kind of traction you're going to get coming into his clothes because right now they're pressing they're just pressed out the lows meaning took out the lows and the real question is going to be now this is what ends up happening because it's only quarter past three taking out the lows this would be the time you want to take out the lows if you think you're going to get a turnaround you don't want to take those lows out a quarter or four you know 45 minutes left yeah you can see it's called a spike low folks you come into the low you test the low then you spike the low and then you get out of the low stay right there folks come right back booming inflation we are purchasing powers eroded there's no better place to protect your hard-earned money than ain't gold this the gold's flagship asset is the monttard gold project in the northern territory of australia this is australia's largest undeveloped gold project we are talking a world-class gold project in a tier one mining district this is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction this the gold just completed the monttard feasibility study which resulted in a seven million ounce gold reserve in a 16-year mine life all of this combined with the approvals of all major operational as well as environmental permits this distinguishes monttard as an attractive dearest party ready development stage gold project this the gold trades on the new york stock exchange under the symbol v gz are you looking for a way to consistently add winning trades to your portfolio tom o brian is here to help tom o brian has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade network and cnbc tom o brian 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 brian'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 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welcome back folks so down down investors down 34 you get the nazik off 163 s and p's are off 35 let's get over to our man mr basal Chapman as we do each and every tuesday at 20 past the hour and don't forget folks basal does an outstanding show here every trading day 10 to 11 east and stand to time also has a great newsletter the opening call now it's very easy to get the opening call folks come over to our new website at tfnn you're going to newsletters you're going to see it right on the right on the left hand side and just hit subscribe you can get the opening call for one month for $149 you get it for six months for 695 which is a savings of $199 at 22 percent and you get it for one full year for 1195 which is a savings of $593 or 33 percent now what happens is that they it comes to the 30-day money back guarantee folks so you can keep for 29 days works for you awesome it doesn't work for some reason you can just let us know we'll give you money back and when you get basal's newsletter he has approximately 10 to 12 archives out there so you'll really understand how he looks at the market how to ride that wave basal Chapman what's going on hi tom well looking at waves you can see the different waves that we have in the Dow look at this data chart we made in the chapter we've made a peak effort 34 281 on the 16th of August we're pulled back held the 200 period moving average that on the left side chart the yellowish orange line I bounced a little bit that's where we went short via the DOG and we remain short because that for us is an intermediate term position on the very near term we've been trying every at least almost every day to buy the diamonds on a pullback and actually each time they've given a nice little bounce and then they've taken us out and they've gone to lower lows we did the same thing today it had a really strong it had a five point move up from when we got in we raised the stop so we out for a little bit of a profit but really the idea was that in this age pattern and let me just show you something here for those of you and need to my work and I'll do a little bit more in my show the tiger technicians hour at 10 a.m. tomorrow I'll show some of these charts with these straight line up moves the cup and the art formation and what happens when you have a combination of the two in this case red because if at a peak a or a b the first or second peak it starts to roll over most of the time it'll test the left side low for breaks that low you have to do an assessment and look what right yet that peak a minus that was way back in august it made a little h pattern I call them dreaded h looks like an h and took it out and when sliding sharply lower it did the same thing early september ran up to an a and then failed a minus when zipping down couldn't hold the chivalry inside track support level right there and now we've done the same thing and what I was saying in my show today is that in this particular move the third or fourth bars to the downside is where you get this tremendous acceleration so the fact that we had this spike to the nine-period moving average this little pink line right here was really important because if we didn't have that and then we have the sell-off we would have had that extension that says very quickly in the art formation if it starts to cascade lower it'll go straight down and test that left side low which is a dowel 28,728,715 so so far we've held it trying to come back now the dowels up three was up over 300 points earlier on it went down a sharply a moments ago and now it's trying to come back so what I thought I would do right now is I'll explain just in the bait in the basis of what I'm always looking at what would constitute a nice turn to the upside one that has that generates some momentum not rather than these two three four day balances and then it fails so something that can last a little longer so within that context you can see the mag D that's this these two lines right here the moving average convergence divergence it's cross positive and as hell that means the zero percent line has gone above zero instead of being negative so that's one important factor the stochastic is above the 20 percent level it's a 35 that's just okay but but it is having a very good divergence from the low that was made at 28,715 and this little pink line if you can see it right there that's the line period moving average the black line is the 14 period moving average and look what happened when they crossed negative right there on that big plunge that was August or was it 22nd or was it the 26th yes that's where it turned pink and it hasn't turned green yet so for me it's really important to get more of a sustained move in other words you can have the torque that the the kind of pull off from the first and second gear from the bottom but you've got to get the momentum and the mag D gives the momentum and then the confirmation for me is the nine period turns green because it goes over the 14 period moving average we're still very far and that would say that you have to get to this jab with inside track repellence and these green and purple lines little mini channel on the downside and that you have to get above that and that's going to take a lot of effort and if we can do it say by end of next week we're actually trading about 30,500 in the Dow that'll be the first time that we've seen some kind of upside turnaround that can generate more time and price and you can see the same thing in the weekly chart and talking about those channels you remember last week we were talking about the volatility index and I said it's really interesting that the volatility index I call this the inside track where you just joined out of perimeters that is the the candles or the wick on the upside and they lower lows from the high that was way to 3894 in the weekly chart back in the week of the 28th of January and each successively smiked to the upside couldn't break that green line right up until three weeks ago we went to 34.88 that's the week of September the 30th then we had a pullback and now we've got a candle that I call the Roman candle this candle right here and it says at any point if this particular instrument that you're following this case it's the fixed index on the weekly chart starts to close on a daily basis it has to be a shorter timeframe below 30.50 that'll be for the market it'll be a very bullish thing so I've got the parameter set unfortunately right now as we're looking at it what is it with 35 minutes to go to the end of the day this is the first time on a weekly basis that you've had a consecutive move higher above this trend line this inside track narrow channel and it's just a little bit above a 33.94 hasn't taken out the 34.88 high of three weeks ago so this to me is very important within the next few days no what is that child bezel bezel oh sorry that's the volatility of the fix okay yeah yeah okay right okay yeah so it's really important that that this starts to pull back and then hold under 30 for this mark to to really go on to some kind of upside momentum and I'm looking at a weekly chart so we'll go Friday to Friday so Howard is only Tuesday how close this Friday is going to be very important if we start to close above 35 that's going to increase the selling pressure but the other thing is we've got a U shape pattern in the daily chart we haven't made a turn but I'll just show you that if we get this the vertical line you can see on this vertical line the um mag D was very strong stochastic was very I'm just trying to move it over one bar there it is now you can see it and the stochastic fell but right now both are much weaker than they were so this is a hint to say what's the volatility index if it finally starts to pull back sharply that could be a big help and tomorrow my show I'll talk about these inside tracks I've got them in many of the charts very important things that I look at awesome man appreciate it have a great night safe night look forward to show tomorrow Basil thank you very much thank you stay right there folks to come right back if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold silver bonds the XAU HUI JDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today 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 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trader's methodology using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for fibonacci formation setups including godly's abc's butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com 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 so down down that shows up five the nasix down 151 s a piece are off 32 now check this out folks okay so this is what just tank the market now this is really going to be wild hot watching how this shakes out so what you had intraday the bank of england's governor who runs to be like paul is in washington dc right now right well the bottom line he comes out in the middle of the day and he tells all the owners of bonds in england that they have until friday okay this friday now when they intervene they intervene uh basically 10 days ago okay and when they intervene folks okay they told the market then that they would intervene for two weeks and that's it well what happened is that andrew bailey came out and says i'm telling you well here here it is my message to the funds involved and all the firms is you've got three days left now bailey said an event in washington a few minutes ago you got to get this done okay the bank earlier on tuesday expanded the check out what they did okay so they they expanded the range of its bond buying program to include inflation link debt to avert what they call the fire sale that threatens financial stability while the central bank has always said it will support its support will end friday this coming friday a lobbying group representing the pension funds urge bailey to extend the program at least until the end of the month the bottom line folks is this i i think this mark is going to come back myself we're talking about you know i didn't know that this was going on not that i made any difference but because it is what it is volume price that's all really matters but this is what so pitch this big funds are playing chicken with their central bank because this is what it comes down to the central bank is saying so let me walk you i'm going to go back two weeks ago right now there wasn't any bids folks bids in office and they're they're market froze that's the bottom line and as soon as this is over it will freeze again okay so with the central bank is saying if you want to sell these things you better sell them before friday and the losses will be extraordinary too by the way folks that's why they're probably not selling as many as they they should be selling and he just reiterated right there and that's why you saw the pound if we bring the pound up right you can see the pound gets smoked too so the real chicken here is going to be you know what do they do you know this is what it comes down to uh there it is you can see how this shook out man the pound went from a price point of uh 111 to 109 right you know so that's what you have happening and that's that essence there too by the way folks is the heavier part of contagion and how oh sorry no charts okay hold on so i can fix that sorry about that man how do i forget that okay um contagion you know is the deal on a continual basis that can basically wreck markets and listen you know what the bottom line is it's always people uh uh big funds that are over their heads that's that's that's what it comes down to okay and and what happens it seems to always happen to by the way inside of the bond market and the reason is this here let me show you something this is the reason i trade bonds so i i know these things upside down but you're going to see that it's hard to comprehend just what an individual trader can basically do never mind a fund so an individual trader folks okay can carry a hundred thousand dollars of us bonds for 2200 dollars 2.2 percent right that's me okay that's me and you you imagine what a fund is carrying those that okay so you don't need a lot of movement okay for bonds to basically you know take you to the cleanest in about two seconds you know the the reason that the leverage is so high is that you don't normally see monster moves like that that's what's going on but yet inside of the guilt market what you had is that when that new trust the the prime minister came out cut the taxes for the richest um it canned the market because the bottom line is that you have to pay your bills they changed that but guess what it didn't matter because now so picture what ends up happening now what happens now is that large trade is no right everyone knows after this one everyone knows that the uk is on shaky ground right now and the pension sons of the uk are in shaky ground and anyone's doing business in the uk is on shaky ground so guess what it's not just going to be the uk that's not how this comes down man you know i like the idea that uh our market here okay so let's go over and take a look at it because what what did happen right when we were coming off the close right is that they both spiked the low that's exactly what they did if we take a look at this the real question is going to be can it get any juice in the next uh 25 minutes you know you can see the spike the first low that was out there was established this is at the nq's that was established at 780 788 yeah 788 and the next one went to 767 that's what you like to see you know but now what you need now you need the acceleration going all the way up to really flip people out on the s and p's it just made it also we take a look at the s and p's you're going to see the same same type of setup whoops so the first low there was the 580 3580 yeah it went 3579 now what you need so that you know now you need you need acceleration uh to say that okay i can shake that off man these we're all going to learn a lot again the the aspect of um contagion is more important than just about anything out here because the interlinking of these large players is huge um and you know the derivative positions are huge and so when it moves uh the bottom line it moves and so what you're going to see uh which is going to be wild it's not going to be here man meaning well what you're going to see in the uk you know we we are going to bottom line see losses of those pensions funds that are going to be astronomical numbers folks okay and after this warning here we'll see who's going to blink is the effect is the the the central bank going to blink or is it going to be the pension funds you know and we'll we'll find out it's it's it's that cut and dried though man that's that's what that's what's going on here so let's go take a look at some of the higher volume equities and this is going to be a still low volume market out here we have advanced micro is down 45 cents you get uber down three bucks we have uh micro america of 85 cents draft kings are off eight cents we go uh microsoft sound 387 let's go take a look at microsoft that you know well listen all the stocks have been getting hammered what i'm looking for microsoft is i'm looking for the um uh yeah mic with that my oh man microsoft's an abc down that's not good one let's see this 37 35 yeah one second all 267 35 that's 215 you're 225 yeah this is this is microsoft can go lower well so this is going to be something to keep an eye on man you got the dial up but 45 if this we have enough time right now see if this can shake this off and just take half of back of what we just came down on on that on that type of news that that'll be a number man that'll be a number the and with the dollar didn't do the dollar didn't take out a tie from last night the dollar almost got there and backed up stay right there folks to come right back this to gold owns and operates the largest undeveloped gold project in australia the mount todd gold project this to gold just completed their feasibility study resulting in a 7 million ounce gold reserve this to gold has all major permits approved and has retained cibc capital market assistance in evaluating alternatives and in completing an accreted transaction this to gold trades on the nyse american and tsx under the ticker symbol vgz this to gold executing a strategy to create shareholder value 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 basal 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 and stock prices get the opening call newsletter by basal 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 iotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily smp biotech three times bull and bear ETFs visit direction investments.com slash biotech 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today and become a part of this educational community of traders just visit the front page of tfnn.com this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz welcome back folks so dow dow industry is up 16 azix down 143 s and p's are off 30 if you're watching tiger tv folks i just put a chart up of the guilt so the guilt is like i 10 year this is a 10 year guilt okay so it's like i 10 year bond i just want to show you how this acceleration was unbelievable so when this goes back to august 1st uh yeah august 2nd action so picture august 2nd the the bonds are paying 1.7 percent right when this imploded so it was a straight line up going all the way up until the 20 20th of september by then the bonds with 3.1 which just that in itself is unbelievable okay then what ends up happening that's when the prime minister comes out and says we're gonna cut the taxes for the you know super rich and then if the bond market exploded to 3.1 to 4.5 and right now we're at 4.43 so let me give you an idea how this works in the context of let's say that we own bonds all these pension funds own the bonds okay they bought the bonds they bought them for sure well let's see that the interest rates were like low all over the world okay so the bottom line is that i suspect principal wise folks principal wise they can be down at least 20 percent they might be down 30 percent and that's why they're hesitating in the aspect of selling now watch how this shakes out and all these tigers and tigers say no you know this but i just want to relate it just in case some folks don't so if you kept the 10-year bond that you have right there's no problem with that okay the bottom line is that you keep a 10-year bond you knew you to bought a 10-year bond you bought it for what the interest rate was bottom line guess what you wouldn't lose the time okay on what you bought but that's not how they do it folks what they do and this is us thanks jimmy because i got i got all these tigers are so smart tigers this is awesome man so what do they do they the banks turn around and here we go and they pledge uh one of our targets here says all those pension funds pledge their guilt holdings as collateral swaps and derivatives and hence the margin calls and that's exactly what it is they use that for to do another derivative trade okay so the bottom line is that they're getting called on that because what you just had you had interest rates just go up 300 percent okay so the bottom line there was those are going to be wipeouts and those yeah that's that's the bottom line it's and it's going to be a wipeout man i'm being kind i i was trying to find a bond quickly in between the the break there so i could see exactly what is priced at i couldn't do it quick enough i'm being kind at 20 percent you know i mean it could be a lot worse than that because the way you know how this goes folks the way that that prices in bonds that the high of the interest rate goes the principal number goes lower well here we can see it let me show you on the 10 yet you're going to see how this goes so if we yeah let's just do it with this so you can kind of see how this works so you can see just in our own market uh ty one let me put this just in our own market so you can see generic one here we go okay so you can see in the last six months right i love last three months if you bought a bond you bought a 10-year bond okay at 122 000 that was only a hundred thousand dollar bond because that's how that works okay well guess what now it's only worth 111 000 so you've already taken a 10 percent hit to the downside and the bottom line is that you are at a rate of let me do it this way now now i gotta go like this okay so uh let me do it this way let me see i think i can do this way let me try this one well bottom line is that you're at a smaller rate and what ends up happening is that that's that's what ends up happening is that you have the the aspect of as the rates go higher your principal rate goes down and the mindblower okay is this the mindblower is that they were all paying more than a hundred cents on the dollar for the bonds to start with that's what's really bizarre so you're gonna lose they're gonna lose on the principal and that's why you can have a type of implosion that you haven't so we'll see where it shakes out let's go to the uh well let's go to the nq's first and see if we can get any traction in here we know we know we got the spike on the way down the real question is is that how far can you get up in another 16 minutes well there's not a buyer in there yet but you know guess what we're off the low and you're inside the range again so you know we'll see whether this can get up to the uh 920 109 20 right now you're at 826 we're going to the the e-minis we take a look at the e-minis and you know it's wild this is what's kind of you know these these things always come out of nowhere when you have volatile markets like this an e-mini yeah we'll see what it can e-mini what would that be 27 that'd be 28 points to finish out flat because if we did that then that that still would be set up let's still be rejection of lower price man and then tomorrow there's going to be action tomorrow because add the action tomorrow goes like this we get the cpi then we get the fed minutes at two o'clock the fed minutes are going to be a big deal um people tonight are going to be watching the gilt market and england in a monster way and i suspect as soon as that came across the large broker deals in the large banks you know jay me diamond he's screaming right now at his uh traders like how much liability do we have in that market and just how far out are some of these large corporations that's that's the bottom line that's where it comes down to men um and that's what's going to make it or break it you know because the the real question does when it was a cpi on thursday okay so the cpi is thursday sorry thursday morning yeah so tomorrow tomorrow so the ppi oh the ppi's tomorrow okay ppi's tomorrow cpi's on thursday um you know we're gonna have volatility all over the place that's the bottom line i might i might take folks is that we're gonna we're gonna bottom in here i you know you hear what i said at the beginning i like when this actually happens um meaning i didn't know that this would happen because this just came across the tape simultaneously after this whole market tank so um you know that would that wasn't new information okay but the bottom line is that it's interesting that he probably didn't want to get eggs thrown at him if he had said that when he was in the uk instead of in washington dc either that was in washington dc as some of our targets saying pleading for help from our own federal reserve you know which you know they're going to be out there pleading for help there's no doubt about it this is where the question comes down is that okay you know the way that our fed and we've seen the pressure that's being put all over the place like it's like oh and you know it's amazing to me actually you know i hear some of these guys on on blueberg and now you know they're all blaming paul blaming the fed and all that guess what they were all bulls in the way up and they loved all the money in the way up so you know i mean are you serious man okay oh yeah now it's all his fault because this this this been money coming in the market for as long as up and in the market man i mean who's kidding who you know i mean whether it's greenspan brunneke i mean that the yeah i mean they've been throwing market every time there's a downdraft they throw money in the market right they weren't they weren't screaming in were they stay right there folks who come right back dows down 13 asex up 146 s and p's down 32 will come right back technology around us is changing every day with so much happening it can seem impossible to keep up with all the information david whites investment 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now this is this is another deal of over leverage man this is these these are always sad stories man this is like crazy so peloton's at eight dollars and 76 cents well the ceo and founder folks the bottom line is that when he basically you know got off the board he had to get off the board why because guess what he leveraged his shares at monster prices okay and the bottom line peloton has felt fallen 95 percent okay um so the bottom line uh you know he repeated repeated margin calls that he borrowed against the peloton shares um from Goldman Sachs the thing that's blows my mind is that you think that they'd have someone close to them you know there's a million ways not a million ways there's many ways though you can basically put callers on these and you know basically take care of yourself and not get croaked um because that is a replay of uh 2000 and the real question is going to be if he got some of these on options so watch how this goes this is sick if he got these on options and he took the option and didn't sell it the bottom line he's going to have a tax bill that's phenomenal even though the stock is down which is yeah that's how it works man so bad scene and guess what you know leverage is fine folks uh if you know you know stay within your means of leverage you if you go outside your means of rail leverage you're going to blow up no if it's about about yeah i mean it's going to happen so you know protect yourself man just don't do it not get wise here we're getting a little pop so it's shaking it off a little nothing heavy but this is the same this ain't bad this is stock this is the stock that's what it comes down to because with this type of news that's heavy news man that's heavy news that's a heavy banker story type of news that there's going to be losses coming in that extraordinary and you have three days to sell right pretty amazing always remember folks the bank and claw your heart out the bull can run you over and thank god there's always another trade health happens in prosperity have a great night folks have a safe night come back and visit Tommy tomorrow morning kicks us off nine in the morning we're going to have the cpi and ppi coming out at 8 30 so there's going to be real action there we'll get them folks