 a presentation of TFNN. 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. This is awesome. Come on, totally boo. We're going over to Paris. What's happening? Hey, Tom. It's Adam from Paris. How you doing? I'm doing great, Adam, yourself. That's good. Long time no talk. I appreciate everything you've done for me and my family over the years. We appreciate your ground on problem with us. Yes, sir. I've done gold reports and all the softwares and all your books and generational thank you. You have. Thank you so much. Appreciate it. Yes, sir. Now, Tom O'Brien. Welcome, folks. We have the Dow Industries trading down at 386. NASDAQ's off 214. S&P's down 66. That's a downdraft, folks, inside the NASDAQ and S&P at 1.0. Well, the NASDAQ's 1.6%, the S&P's 1.5, and the Dow Industries 1.1. Gold. Gold contract down to $18.50 straight now to $19.18 an ounce. We have silver down 24 cents, $23.14 an ounce. Life's recruit, up 78 cents. $90.46 a barrel, notes and bonds. A 10-year note. Down two ticks, $108.03. 30 a year down 14 at 1.14, 14 at $Kingdala. That's all about Kingdala. It's pretty amazing that it's just about $Kingdala. It's so weird. I've seen this happen before, but this is quite a streak, so $Kingdala's up 211 ticks, $106.00, $207.00. The euro's at $107.00, he ends at $149.00, British Pounds at $1.21 to $1.00 US dollar. Our phone number's 877-927-6648. Give us a call, folks. We want to know what's going on in our world. In the world, Liddy S&P's, let's take a look at them. They're down six and a half bucks out here. You can volume out here at $59 million, so you're going to have an expansion of volume. Your next leg down is basically we're at $425 million. You get basically $417 million, $419 million in this whole area. That's kind of where we broke out from. So I suspect that's where we're going to go, because you're in no man's land right now. You broke the swing, you're not next to the breakout areas. So you get about $420 million to $417 million. We're going to take a look at the NDX100. What you've done with the NDX is that it has broken the swing today of the $354.71 million. You have $39 million shares traded, which is going to be an expansion of volume. So with that sets up, the next leg there sets up this, we're at $354 million. That's setting up a $338 million. That's how this is shaken up. So, you know, it's talking about all the way down here. And here's the swing. You know, it's just barely breaking the swing, but because the S&P's so far down, I just don't see that, you know, this thing's going to turn around. We go into the, well, let's go to the note and bond market. Take a look at the note and bond, because it's simultaneously the note, bond, dollar market. That's what it's all about. You can see the 10-year note, that hasn't held price either. So now we're going to have another high interest rate in the 10-year. So today the 10-year is running 4.554, and that's the high for the year. You can see a contraction of volume out here, but bottom line is not holding price. Gold, we go to the gold contract. What we have with the gold contract is making its way, the gold contract's making its way down to the low end of the consolidation. And that consolidation is the 1914 area. We hit 1917 today. Now you got 196,000 contracts. That's a lot of contract volume coming down into that area. You're coming in, you broke the swing that had 222. So you get an expansion of volume, so that means that that bottom is vulnerable. No doubt about it. If we go take a look at the GDX, that the gold equities are still stronger than the contract, which is pretty wild. You can see the GDX, you're only down with 12 million shares, and you're going into 30 million actually. And the swing point had 13 million. We'll do 13 million, but you can kind of see this is set up. The equities are still stronger than the metal itself. And then, well, actually, let's go to the oil market next. We take a look at oil. Oh, we have an oil out here. Oil rejected $88.19 today. You're at 1914. Let's see what kind of volume we have here. Yeah, slight volume, man. Yeah, there's oil contract. Not done yet. It's not done yet. 92.43 last week. But that's not done yet. And then here we are. This is the number. And listen, it makes sense, because the way that the S&P 500 is, the amount of earnings that they have overseas is incredible, and the thing with the Nasdaqs. I'm doubt about that. So if we put this on, you're going to see, this has been a straight shot, moonshot. From 95, we're at 106, 182. We put this on a two-year. What you're going to see is, I had two different numbers here. The first number is the bottom of the downdraft. See, we're going into the bottom of the downdraft from last November. That's when the dollar got smoked from 111 to 106. Now, 106, 281 was the number. We got to 106, 261 today. So that's your first, you know, sign meaning that, okay, there's some resistance there. That being said, though, the way that this contract's trading, looks to me it's going to go right through it. And now your swing point is this 107, 993. So, you know, we'll see how this baby shakes out, but the dollar has been relentless. There's no doubt about it. We look at some of the higher volume equities out here, and you can see it's just higher price in the dollar, lower price, everything else. We take a look. You get Tesla down. Well, yeah, let's do it this way. Let's go into the NDX 100 first and see the strength versus the weakness. So, inside the NDX, you have Lucid Motors, that's up three and a half percent. Dexcom's up two and a half percent. Monteliz is up 1.5, and then you have the Dollar Tree up 1.2. Taken away from its serious satellites, it's down five and a half. You get Sintas off four and a half. I want to look at Sintas. And Amazon's off four and a half. Let me look at Sintas. Because Sintas is a great indicator, folks, if you are going into a, whoa, if you are going into a recession, look at this, what the heck happened here? Let me look at this. This is Sintas stock, I have revenue matches. I have the first quarter revenue matches analyst expectations. I'll tell you what, man. It says they made what they were supposed to make, but this is, this right here, they put this on a weekly. You know, with Sintas does, folks, every retail business that you see, you know, whether it's in their toilets, in their, you know, rugs, meaning if you're up north, I mean, Sintas is all over the place. Sintas is the first identification that things are going to get soft. Now, this is coming down, let me put this on a weekly for, I mean, a daily. So it came down hard. Put this on a weekly, you know. So on a weekly, oh, still doesn't look bad in a weekly. So we'll see, it's down 23 bucks though, it's down 5%. Stay right there, folks. Come back when I manage the battles of Chapman. Dow, Dow Industries right now, down 387, Essex off 213, S&P's down 66, we'll come right back. Adding stock options to your portfolio can be a major game changer, but the full complexities of these instruments can oftentimes allude even the most experienced traders. Whether you're a seasoned trader looking to sharpen your knowledge on options or you're completely new to the market, Teddy Kextat is here to help. On Wednesday, September 27th, from 4 p.m. to 5 p.m. Eastern time, Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock options spreads. Teddy will also go over how to trade stocks and other market movements without large capital allocation, how to expand portfolio diversification, how to maximize potential returns, basic entry and exit techniques, and more. 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After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. 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. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks, I'm Dave. Dave, investors right now trading down 4.15. We get the Nasdaq off 2.25, S&Ps are off 70. Let's go over to our manager, Mr. Basil Chapman, as we do each and every Tuesday at 20 past the hour. Don't forget, folks, Basil, as I was saying on the show here, every trading day, 10 to 11 Eastern Standard Time, also has a great newsletter, The Opening Call. Now, it's very easy to get the opening call. Come over to our website at TFNN. You're gonna go into the newsletters. You're gonna see the opening call. In fact, you're gonna see it says Subscribe to Webinar. We're gonna get both, which is pretty cool. You just hit that Subscribe button. You can get the opening call for one month for $149. You can get it for six months for 6.95, which is a savings of $199, or 22%. And you can get it for one full year for $11.95, which is a savings of $593, or 33%. Now, they all come with a 30-day money-back guarantee. Basil has a huge amount of archives on there. You also get to get all those archives. Basil Chapman, what's going on? Well, it's not a very pleasant day in the market. The hour's down 421, so I thought I'd just review. Lot of red, no doubt. A lot of red. I thought I'd just review where we are for Subscribers to My Opening Call. So using one of the techniques that I'm really fond of, we managed to go short the day of the high for the Dow to Dow on the 1st of August in 35,679. And we went short, we still short. We also went short two days after the all-time high in the SMHs, which is a semiconductor index. SMH, here it is. Right here, 161.17 was the all-time high, July the 31st. And what's fascinating about this is you made a high in the SMHs, this is the market vector, semiconductor ETF, and November of 2021 at 159.42 came all the way down to 83.49 and then ran to two points above that, 161.17. No, it's amazing that it made an all-time high. Well, when it did that, there was a doji candle. There's actually a chamois reverse. It's a red inverse Roman candle. I'll talk about that on my show tomorrow if anyone's interested in my show at 10 o'clock in the Tiger Technicians Hour. And then there was a doji candle and then right at the all-time high instead of having this huge candle, and an all-time high just squeaks to this tiny little doji candle on the 31st of July and the following day made a lower low and then I looked at it and I said, everything about this says to me, this is the day after we had gone short the Dow, that this semiconductor index has run its course and it should be turning down. So we went short two days after the high within two points of the high and we are still short. Now, if you use a one-to-one, this is the, I call it the Tiger Financial News Networks, A to B equals C to D completely different to my notation of higher peaks ABCDFG and lower troughs the same thing. This is different. We are within a point or so of that equidistant move from 161.17 down to 143.35 and then back up to the 150s and now we've come down. So this is actually a pretty important moment but that's just part of the story. The real story is you can see this weekly chart and I always think that the semiconductor index kind of leads the market up and down over the decades. I followed it for just forever and it just seems to me that that happens so often that you've got to respect this. So there's a pattern that I call the dreaded H where you come down sharply then you arch over it looks like a lowercase H added a peak A or a B it breaks the left side low where we've done that now in the weekly chart and that just says that we're now underneath this inside track what was a propellant zone is now repellant zone. So all of these things are saying that it's not going to be easy because the other thing is the dollar has run up I use this indicator called the 914 exponential moving averages and I've been saying this for some time that nine period moving averages green line the daily chart is so strongly above the 14 period moving average that to really get the dollar to break down you'd have to see it probably under 104 30 and right now it's at 106 24. So so far just as we speaking right now I don't have any indication on the dollar that it's going to maybe it can have a little pullback but I don't see a major turn yet I will see it if there's about a two or three point decline in the next week or so but so far and the other thing I've been talking about in the dollar is that there was a series I'm going to squeeze this a little bit so you can see it better right here. So this is the weekly chart. So 1478 was the high in September of 2022 in the dollar and it comes down and then it makes this pattern that I call I should show it to you right here if I can get it quick enough let's see if I can do that. Yeah. So the pattern that I spoke about earlier on is where you come down sharply make a little balance and then fail at a peak A or B and that I call the dreaded H well in the weekly chart it made this lowercase H and the lowercase H if it holds the left side low can then make an arch that goes to a lowercase M so it's just two small arches and it broke down and hit the 200 period moving average so it sounds like the dollar is just fantastic but actually all the dollars done has gone back into this rectangle what I mentioned about three months ago and then two months ago then a month ago I said I'm waiting because until the dollar can close for two out of three weeks above the high that was made back in the week of the 10th of March of 105 88 I need to see I need to see a decisive break because this rectangle pattern can actually become a magnet so the price goes up but if it doesn't close nicely above the arch high it can come right back so this is a pretty critical moment on the weekly chart and then talking about the weekly chart look at this well I should just also mention that we are shorty we are longer uranium stock we're still longer we have fabulous profits we're still holding it and it's funny in this environment it might be because crude oil has moved up so this is part of the energy sector so we're in at about 364 and it's now trading at 524 and we're holding it yeah it is nice because in this environment to have something moving up is very it's good so I just wanted to show you that in the weekly charts look the dollar sorry the Dow this is just the beginning of the week I have to wait until Friday's close but you can see there's an S that means the nine period went under the 14 period moving average and that's the first time it's done that in the weekly chart since way back the last time it was negative was back in November of 2022 so I'm watching this very closely if you look at the S&P the S&P is the same thing it's also done this one to one it's right on the 200 period moving average as we speak right now in the daily chart but you've done the dreaded H this H pattern which very often if you break down you can go one to one to the downside so the nine period moving average is so close to turning negative but it hasn't yet in the weekly charts I have to wait until Friday and the same thing in the QQQ turned down sharply but the nine period moving average is still above the 14 in the weekly chart all the daily charts so in sell nodes but I'm just starting to get sell signals in the weekly chart so I must say this is a period fraught with things that are we don't have everything coming together we don't think back how many times have we had the dollars screaming to recovery highs the bonds going to lower lows crude oil holding very nicely in the upper range so I think they're and then strikes they're talking about strikes and there are a lot of things there that could make one pretty nervous no doubt Basil you have a great one safe one we look forward to show tomorrow thank you man thank you Tom you too stay right there folks come right back Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter Steve's award winning newsletter Mastering Probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free at TFNN all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about visit TFNN.com and try Mastering 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go to TFNN.com then hit watch Tiger TV then TFNN.com then hit watch Tiger TV Welcome back folks to Dow. Dow industry is right now trading down to 403 and Aztec is off 225 S&Ps are off 70 Let's get over to our mam Mr. Tim or as we do every Tuesday and Thursday you can reach Tim folks every trading day is a great newsletter at ord-oracle.com that's ord-oracle.com Tim or what a market How you doing? I'm doing great man yourself. Well good, good. I got a couple of charts we're going to walk through it everybody's kind of worried about the gold market so we actually going to take a pretty big view on it so we're going to start chart one who showed this a number of times the top window is the RSI for the bullish percent index for the gold miners slash GDX ratio right and every time the RSI of that ratio got below 30 and closed above 30 the majority of the time the bottom was in that just happened here probably in September don't have the exact date but anyhow all the blue lines there across the chart shows the time that signal was generated so let's look at the bigger chart of that same chart this chart goes back to chart number two goes back all the way back to 2008 about mid-2008 and that's kind of a rare signal but the blue lines hang out that type of signal where the RSI dropped below 30 and closed above 30 and I took it all the way back to 2008 and all the blue lines there horizontal blue lines are times that signal was generated and there's which was 18 times and there's two red lines there that the signal failed so if you do that number you work out 80% or 89% success rate yeah pretty good yeah yeah so the odds of this making a low and this vicinity because this doesn't actually pick up the exact low but does pick up the vicinity of a low is 89% so you really don't really want to be bearish here again the other two times was coming off the 2011 major top so that didn't give a signal then 2016 that was going off of a ballistic upward rally I remember that rally just went right through the ceiling right then it failed but since then 2016 all those signals have been successful so I flipped to a little another chart here and show where we are on the short-term basis is that the third chart yeah yeah the third chart okay cool and the bottom window is the 62 day average of the up-down volume percent for GDX so it measures the up-down volume of all the stocks in GDX which is I think is around 30 or 32 of them and so when it gets above zero that's the blue shaded area is when those rallies start and sometimes they kind of hover around if you look at 2019 right back at that January high it kind of fumbled around that zero line before the rally actually got going and it's kind of common but once it gets around zero it usually stays there it usually doesn't go up and eject and go back down and it usually hovers around that zero line what we've kind of been doing and we got above that zero line last week now we're a little bit below it we're approximately about minus two right now and I think we got about plus five last week so we're hanging around that zero line and this is a 62 day average so it's like three months of date yeah so and also I want to point out this chart when it gets down below minus 20 which it did back in July of 2000 or maybe September of 2021 got down below minus 20 again and looks like about July 2022 and again in July 2023 the market flipped sideways for several months and in 2021 when it sideways approximately six months in 2022 when it sideways for four months currently we've been going sideways for about three months so in my opinion we're still looking at a lower here I think the market because it's down so hard is affecting pretty much all the markets so I don't think this is a big decline I still think probably in a basing period and there's a good chance of a possible base for maybe another month and be similar to the previous times when this indicator hit below minus 20 you flip sideways several months and maybe that's what's going on here but I don't think the market's set up now for a decline from here yeah if we stay down here for another month in the gold market no one's ever going to buy any stocks and that's exactly what you need for a market to go higher right interesting yeah right you really want you know sentiment and everything really be through the floor you want people to actually hate toward gold stock you know I'm making it easy that's right they're not making it easy right now I can tell you you know it's interesting though Tim they are actually they are stronger than the gold contract still I mean you know it's interesting a few of these are actually pretty strong you know well I mean they're back down but you know if you look at like an eco eagle it's like okay man it's back down but not much man you know so there's a few of them even new months you know there's a few that just happen back down which is pretty positive you know so I think the major bottom getting back to this chart here I had some other charts that gave it the a long-term buy signal last July ampute which is July of 2022 yeah ampute look where we are last July compared where we are right now to me this is just a sideways consolidation that's been going on since April right and I think that's all it is I don't think we're going to go down all the way you know I'm I'm thinking still in general I think we're going to move sideways around this you know 28 30 area to my 27 30 area and I think that's pretty much it so yeah see if you look at this I'm going to put this up for the you know listeners right now so this is pretty intense because what does happen you got to remember folks okay that you know Tim and I you know both big you know Wycoff people also and this deal the longer that you build the cause here the bottom line the higher you can go and you know it's interesting Tim is that you know I get this on a monthly right now right going all the way back to 2022 and on the monthly check this out this is pretty intense man actually on the monthly I won't take this month but well even if I did you know we went up on that September with 182 million shares in the GDX and yeah it's it going down right now at 29 million yeah that that bar is huge man the bar that it's going into which is that November bar of 2021 you know that's when the GDX went from that 24 to 28 and then that basically throw it into consolidation so there's no doubt that's going to be intriguing so right and volume this is basically like gas or not gas like the energy right or gas for a car right and so if you get volume going up and adversely less volume going down the bigger trend is up right so I don't have a volume chart here but I do have up and down volume which kind of works in a similar way it's a little bit different way to look at volume but it works pretty well so the major is basically the up on compared to down volume that bottom chart on on chart three the bottom window on chart three it measures the up point compared to the down point so if you notice that you know we had a workshop move minus 20 and that's pretty much as Josh moved to the downside so stay right there folks Tim and I are going to be coming here for another month though so I don't know I'll stay here stay there Tim and I come right back and get hold of Tim folks at orid-oracle.com Tim and I come right back 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 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 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before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC TFNN has launched the Tiger Zen 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 Tigris 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 this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ Welcome back folks Tim Oedtomo Brown we do appreciate your growling and prowling on us out here okay Tim where would you like to go next? Yes, screw to number chart four Okay This is a seven indicator and the bottom window is a CBOE equity put call ratio reading with a 21 day average and the next higher window from the bottom the second window up from the bottom is a CBOE equity put call ratio reading with a five day average and chart goes back to about of mid-2014 and the red lines or the pink areas show the times when this ratio is above a certain level actually a bullish level so this is kind of a it measures how many puts to calls there as in others and up markets people buy more calls and puts and down markets people buy more puts and calls so this measures a five day and a 21 day average so when it gets up into bullish territory which we're out right now we actually have been for about the last several weeks it's usually getting close to a low this really doesn't pick out the bottom per day or bottom the day of the bottom or anything like that it gets you in the vicinity of a low okay and so so and it could be a little off but in general it's usually pretty good when everybody hits the sell button these indicators jump up and it gives you a good clue that bottoms coming up so and we're in that bullish range right now on a three-week and actually on a one-week timeframe so it actually has a great history so in my opinion this is not a bear market we're probably going into a low you know could it be another week or two maybe but we're banged according to the book call ratio weeks it's kind of a seminary here we're probably getting close so now it's flipped to on a sugar term basis it's flipped to five okay number five there we go and this is my kind of red and butter of panic because it works pretty well the trend is actually major to the advanced decline and also measures up down volume and it puts it in all in one number when the number is one everything's kind of neutral there's there's just as much up volume is down volume and it's just as much as advanced as there is decline so it doesn't really say much but when that indicator gets above one point around one point two and higher the volume's starting to hit the declining stocks and that's when that number jumps up so it measures kind of the selling against declining stocks and it goes the other way too it measures also when it gets down below point eight it tells you that most buying is going on the upstock everyone's buying the same stocks yeah right right right yeah so it kind of so it's a good indicator to look going out of the the bottom window is the five day average of the arms index or trend index next to one up is the 10 day the 10 days usually the better one that's two weeks of data and the peak areas there show the times when this indicator got in bullish territory and so basically all you know we went over this chart before but from May of 2022 until basically April of 2023 the market bill of base and if you can see which is that kind of a side blue area I kind of boxed in blue there yes and it was 365 to 390 with sport because that's where the trend on a five day and a 21 day we're reaching panic levels so that's building a base panic happens at bottoms that's where that base was so now we flip over to the current time frame and neither the five day or the 10 day have reached bullish readings yet the 10 day needs to get up around 1.2 and the five day needs to get up around 1.5 and so ideally what we want the market to do right now to get those two five and 10 day trends up around into the bullish territory really showing panic you need kind of a washout move in the market do you want the trend preferably close up around two or three which would be ideal now tim do you you're going into a washout move tim do you use the do you use the closing trend or using the interday high trend no you'd use the close close okay which makes a huge difference because like you know yesterday he had a 0.66 so that kills everything right it's interesting and yeah it kills everything yeah and on the close it closed at 0.73 yeah right so there's a lot of bomb pickers there I evidently and we had a you know today it would happen here folks is that today you had a high of 1.45 but yet you're only a 1.09 right now so yeah that's they're buying too quick interesting they're buying too quick yeah so you really want you know what when the big what I call the puke happens those trends just explode right and when those trends explode you know actually explosion is probably on a one-day basis anything above two you know they're hitting the sell button everybody's hearing it on news and that's when you you look because your days are not days you're you're probably hours away from below another hours could be a day or two it's not like a month or two or a week or two you're counting the days that bomb's going to occur so once you start seeing rings you know preferably up around two even three you know you're looking a day or two away probably for a meaningful low and that's it gets pretty good I've picked out bottoms a day of the bottoms of on this before nice you know but they're tough yeah no there's no there's no there's no private audience there and everybody's kind of laughing at you right no I can see that yeah because it's like what's going to make it turn around I mean everything's going down you know the VIX has quite a jump out here today to Tim that's him that VIX up 253 we're trading at 1943 so I mean the last time you know and one week it's already gone from what yeah it's gone from 1257 yeah no 1357 and that was yeah it was kind of unusual you know everything kind of acts different and kind of different markets you know that's been stayed low even on that top we had in August to kind of just stay low which is kind of rare but now we're getting the turn the trend finally you know approaching 20 and higher and so that's helping too he gets in the 20th and even barely tell him gets to 30 but it does get 30 every once a while on a kind of a washout low so this is kind of lining up my bet is the bottom I think is going to be this week okay you know prove me long you know and but Thursday you know what today's Tuesday Wednesday Thursday you know I'm saying it serves your pride you know you know the market may tip to rally maybe tomorrow try for a balance and if it doesn't I bet we get a washout move going into this weekend so we'll see no you can think I can see that and see enough of these when the submoment to the downside usually doesn't quit right till you get real climatic right right there's no yeah you know you had the spies had broken at swing point you know you know the middle of last week now the cues only broke the swing point today and the cues have quite a way to go to where you know like if we're talking about where they all broke out from you know what I mean so the spies almost there the spies only like you know another six points away from you know the four twenty four eighteen area you know what I mean where where the cues you know is playing catch up here so there's no doubt it's going to get interesting here man yeah I thought we you know I didn't actually think we'd get down we you talked about this too I thought well maybe we'll find support around this 430 area but you know the real sports down around that 420 yeah and when these when the market gets to support area that's usually where all the panic really occurs so we're a little bit away from it but I bet we hit it I bet that trend until it explodes well listen Tim it's always a pleasure look forward to having you on Thursday and don't forget folks you get hold of Tim has great newslet at odd rd-oracle.com have a great one Tim have a safe one are you ready to take your training 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 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folks sit down down investors right now down 366 you get the nasdaq off 213 S&Ps off 64 i want to go over this arms that tim uses for you folks okay so you can kind of see how this thing works because it's really cool i mean i you know that we actually i used to have dick arms actually on but tim at the first time even though dick arms used to be on the show tim basically taught me this in 1994 okay that's how crazy is you heard him say that this is bread and butter so what's important to understand here is this you can see what happens is that let's picture this okay you know some of us trade both sides of the market that's one thing but if you only buy if you're looking to buy the dip this is really crucial to understand because it's really cool it'll be won't make it easier to buy but there's no reason to get in the middle of still a downdraft and what's important to understand is this you can see even today today you're down 1.5 percent and you can see that you're going to a high of 1.45 that being said there's a lot of buy-in that's going on because you're at 1.12 right now so tim was talking about he wants these closing ticks he wants 10 day closing ticks at 1.20 average okay and you can see what happened yesterday you know bottom line you had a 0.66 now 0.66 means that everyone was buying the high-flying stocks that's how this works when you get the you know the 1.45 the one everyone is basically selling the same stocks that's how that's how these things work okay so pay attention to it because if you're looking to basically buy a dip in this particular case you know the bottom line this is not the market's been coming down you know and I know you know in the past the market turns around in like one or two days well there's not much for it right now you know it's not that it wants to come down more but that level down there okay which is still quite a way down is a big deal and if that gets up to the 1.20 then you put your you know foot in the water and say okay man I'm ready to go have a great one have a safe one folks come back and visit Tommy tomorrow morning kicks us off nine o'clock