 is 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, Talay Vu, 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 you growing on problem with us. Yes, sir. I've done the gold reports and all the softwares and all your books in red. It's generational. Thank you. You have. Thank you so much. Appreciate it. Yes, sir. Now, Tom O'Brien. This is Tom O'Brien of TFNN. We have five days a week. We go seven hours a day. We go 24 hours a day on the internet at tfnn.com. Always remember, folks, whatever you think about, you bring about whatever you focus on, grows up, hope everyone's having a great day, safe day. It's making a great night, folks. Don't make assumptions. Ask for what you want. Find the courage to ask for what you want. Others have the right to tell you yes or no, but you always have the right to ask. Likewise, everyone has the right to ask you for what they want. And you have the right to say yes or no. Market-wise, let's take a look at it out here. We have the Dow industry is up 56. Nasdaq up 179. S&P is up 31. Gold. Gold contract, flat. 2047 an ounce. You've got silver down 11 cents. $24.11 an ounce. Light sweet crude, flat. $69.52 a barrel. Notes and bonds. Ten-year note, down one tick. 111.03, the third year, off 12 at 120.06. Now, in the note and bond market, folks, the 10-year had a huge rejection of lower price, man. It was pretty amazing. It is pretty amazing, actually. Bottom line is that the 10-year, you know, start pulling back, get down to the 110.23, and guess what, 111.03. And Kingdoll, so here's some divergence here, for sure. Kingdoll, that's why you see the market up. Kingdoll is down 614 ticks, 103.539. Euros at 107, the end's at 143. British pounds at 125. You can see the end's given a dollar index a lot of juice. The end is down 384. You're talking about intense. Now, the thing that's kind of wild is that normally when the yen gets stronger like this, OK, that gold normally would take off like a rocket chip, but it didn't. iPhone number's 877-927-6648. Give us a call, folks. Want to know what's going on in your world. In the world of the S&Ps, let's take a look at them. What do you have? Well, we take a look at the spy here, and bottom line is it's going, you know, it's life volume here. That's the real bottom line. Now, the high that we're suspecting we're going to get tested here, you had 462, that was the ABC structure up, right? We have 459.60, I believe. That's what it is. That was the high that was generated last Friday. That's a high volume high. So I suspect number one is going to get there. We'll see if it holds price, if it doesn't hold price, if it breaks out up at that level. The Q's and the X100. That's who's leading out here today. There's no doubt about that. You get the Q's, they're up right now, $5.50, and you get volume behind the move. You know, the Q's are going to have volume out here today. We've already done, well, they're going to have volume. We've done $38 million. Now, a little bit further away from the top, but $38 million, $48 million, to do about $54 million out here today, probably. Notes and bonds. And then we take a look at this note and bond market. You're going to see the note and bond market active contract, let's see why. We take a look at the active contract. You're going to see right now, is that it? OK, so now we're down two ticks, but you've rejected low price. That's a real bottom line. It's been a one-way move, man. We're at 4.13 right now, folks. And just to give you an idea, put this up for a second. What's this? This is pretty amazing, actually. And then I'll do one move. Yeah, see where this shakes out. OK, so let's see this, folks. This is what's going to be wild. If I bring this back a year, the low is 3.3. Now, this one here has the high 4.990, but we know it went to 5.0. Now, watch this, 3.3. And then if we go, I'm going to put up the chart that has the interest rate structure on it. You're going to see that October high had 5.01 as the high. And then the bottom of the consolidation is 3.6. So what's cool here is that my take is that's where we're going, OK? Because that's going to 100% move or move. We'll see if we break down even more than that. But the bottom line, right now, it looks like it wants to go there now. And I'm talking about now, too, meaning next three or four or five weeks, because that's how fast these things are moving, man. You get that, and that's going to really put some juice under this marketplace. Gold, we get divergence out here in gold today, because the doll is getting hit nice, and gold isn't moving. And so gold is still in the building cause phase after that wild Sunday evening to Monday ride. That definitely, the shots got taken to the clean is, I don't think bulls actually got hit that night. The reason being is that this was 6 o'clock in the evening, and the futures open on Sunday night at 6 o'clock. It was 6.15. It went up there, took another three or four hours to stop, making its way back. And most market participants are really trading. I can see them trading at the 6.15 mark, too, but hey, we'll see where it shakes up. And then good old King Dollar. If we take a look at King Dollar, it looks like King Dollar. Once again, the jobs number is tomorrow, and the jobs numbers are going to move this market, too. But what we have in the dollar is that you get a wide price spread again. This could be an unnamed buy, JBC structure down. Stay right there, folks. Get ready, Tigers. Thursday, December 14th, Tim Ord is back to host another stellar live webinar. From 4 p.m. to 5.30 p.m. Eastern time, Tim Ord will delve into the secret science of market tops, helping you, the viewer, with how to effectively call market tops in order to increase your success in trading. Tim Ord has developed this understanding over decades of trading and is ready to impart this knowledge on you. Visit the front page of TFNN.com today to sign up for Tim Ord's secret science of market tops. TFNN Educating Investors It's December, Tigers. That means festivities, decorating, spending time with friends and family, and the TFNN Tiger Dollar Holiday Sale. Don't miss your chance to receive a 20, 30, or even a 40% bonus when you purchase Tiger Dollars. Once you apply your Tiger Dollars to your account, you will be able to use them for any TFNN product purchase instead of your credit card. Visit the front page of TFNN.com today to purchase your Tiger Dollars. Don't miss your chance to receive up to a 40% bonus on your Tiger Dollar purchase this holiday season. Every Tiger who purchases Tiger Dollars will also receive a complimentary TFNN Tiger Mug with their purchase. Act fast, this sale ends December 17. Happy holiday, Tigers. TFNN Educating Investors 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. Market Insights 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. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN Educating Investors. All now, toll-free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back, folks of Dow. Dow investors right now trading up $66. You got the NASDAQ up at $189. S&P's up $34. Let's go through this composite for a second. So we pull the composite up. This is the NASDAQ. Yep, it's going right forward. Okay, so you're over the highs of yesterday. You're going right for the highs of last Friday. I mean, that's how this is maybe set up right now. We close right here. That's what you're going for. And be intriguing, you know, because we've got the jobs numbers tomorrow. So when the ADP numbers did come in yesterday, they came in at 100, and they were looking for buck 30, you know. And, you know, listen, you know what they did here inside that ADP number yesterday? This is pretty cool. That, okay, the biggest expansion in jobs who have had is in the medical field and in leisure. Well, when those numbers came in yesterday, the biggest contraction of jobs that were, job postings that are out there was leisure and medical field. So that's saying that the bottom line is there's less jobs there that are available. It was by 17% too. So it was a decent number, man. There's no doubt that, you know, there's that many. And it's still, though, right now, there's 1.4 jobs for every person that's looking for jobs. So you're still on the other side of this thing. There's no doubt about that. Let's get over to our man, Mr. Tim Moore, as we do every Tuesday and Thursday. And don't forget, folks, you can reach Tim every trading day at odd-oracle.com. I'm sorry, I'm trying to move. Why isn't this moving on me? Okay, one second. I'm sorry about this. Let me see, what did I do? Oh, no, don't do this to me. That's all right. Okay, so how do I move this whole thing? There we go. Get this thing over. So our man, Mr. Tim Moore, folks, is also going to be doing a workshop. This workshop is a week from today. And, you know, the first one that Tim did, bottom line, we were talking about, you know, how do you look at bottoms? Well, this next one here is the secret science of market tops. You're going to love it. Next Thursday, the 14th, so from 4 to 530, folks, it's only $149, bottom line. Come over to our website at TFN. We get the target dollar sale going on simultaneously. You're going to get a great workshop. You're going to really get to understand, number one, what to look for at bottoms and what to look for at tops. And, you know, neither Tim nor myself or anyone else, we're not saying it's a crystal ball, but you can see the consistency of what Tim does, folks, okay? It is pretty intense, okay? Because when we, you know, we were going on six or seven months right now, first he hit gold, then he bottom line, hit the S&P, and now, you know, bottom line, we'll see whether we're coming into a top or not. Tim Ord, what's going on? All right, I got you some charts over your way. We'll take a look at them. You certainly do. Let's do that. Yeah, it's chart one. Just give me one second, Tim. We're doing that webinar a week from today. So, but anyhow, this is kind of a teasing, I guess. Yeah, good. What to look for, but the first chart, you know, the bottom window is the SPY. Okay. The top window is the VIX. VIX really is a great indicator, especially when you combine it with other things. And the top window is the SPX VIX ratio. Yes. And I got a pink area, kind of, if you can see the July area, I kind of... I can. Where the S&P are making higher highs in that ratio. Yeah. Was making higher lows. And that's one of the reasons why we got out in July was because of that. Right. And I want to point out we have something similar on a little bit smaller time frame. You look over to the right window. Okay. Far right window there. You can kind of see it a lot better, but you can see the S&P in general kind of working higher, kind of making higher highs, higher lows. Well, that ratio, which is the top window, is actually making lower lows. Look at that, huh? You can see the VIX there. As the market goes up, you should have the VIX really trades opposite of the S&P. Yes. S&Ps. Right. So when both of them are going up, that's usually a negative sign for the market. And so that's what we have right now. How long can this last? You know, that last one, you know, it went up for almost a month before the market actually turned down. Yeah. And we've been going up for, I don't know, close to two weeks now, maybe a week, a week and a half, whatever. So what I'm saying is this divergence, or both of them are going up at the same time, can last a while. So, you know, what good's that, you know? And that's, you know, I'm glad you're bringing this up to him, because that, you know, like, the market tops, folks, okay, go on much longer than you want them to go on most times. Right, yeah. They can just, you know, you're short and they keep kind of pushing higher. Yeah. And it's, yeah. So you got to really watch what's kind of going on, but you know there's divergence there. So at the moment, you're not bullish. So can it go higher? Yeah, I can squeak up higher, but as long as those two, as long as the VIX or VIX keeps going up with the S&Ps, that divergence persistent. And at some point, you're going to turn down. So let's look at another ratio on page on chart two. Okay. This one actually, one of the reasons why it got me short back in July top, that ratio was, this is kind of the same thing here. You got the S&Ps going up and you got this, the middle window is a TLT, which is a bond market to the VIX, which is VIX of the VIX. So when the VIX goes up, or the VIX, VIX of the VIX goes up before the VIX goes up. So it anticipates, when that VIX starts going up, it anticipates at some point, the VIX will start going up. So that's how that works. So it's a little bit quicker signal using the VIX than the VIX. So anyhow, I did that. And so normally, you know, the TLT kind of really trades off to the, it's not an ideal world, but it does kind of trade off to the S&Ps when that tilt's going up a lot of times, mark's going down. And it's kind of a safe haven. So it's a good indicator to have, to try to figure out where that mark is going to reverse. If you remember, back in October 27th, we got long. Oh yeah. And that was the day of the low we went long. And the reason why we went long is because this ratio was going straight up. Nice. And if you remember folks, October 27th, that was a bad day in the marketplace. So I can see why Tim also did it, because there was some fear there, wasn't there? That's pretty cool. Stay right there folks. We'll be right back. 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 and stock prices. Get the Opening Call newsletter by Basil 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. 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 it 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 Probability 30 Days Risk-Free Today. TFNN Educating Investors. With Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel to find the investor you were born to be. TFNN Educating Investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. Tim Moore talking about my brand. We do appreciate your growl and prowl. We have the Dow up 73 and the Aztec up 189. S&Ps up 34. Welcome back and what I've managed to Tim Moore. He's bringing us through these different things that he's looking at for market tops. Now what's going on, folks, is next Thursday Tim's going to be doing a workshop. You can be in that workshop. It's only $149. Come over to our website at TFNN. You can see it right into featured content. It's going to be an hour and a half. These tools, folks, no one has these tools number one, okay? You're going to have them all. You can go over the archive as many times as you want. You can put the formulas in, a spreadsheet, and you're off to the races. You just have to do a little work when you do these every night. That's the bottom line, but guess what? Do you want to make money or not make money? That's what it comes down to. So, Tim, we're looking at this chart number two. Chart two, actually, this is the close of yesterday and the middle window is that TLT to a VVIX ratio. It's making higher highs along with the S&P's making higher highs. Okay, that's bullish. Yes. Okay, so now, flip to chart three. Okay. Now, this is today's. So, and this is updated today. That was yesterday, so we didn't close at a new high. We actually closed a little bit lower. So this divergence went away, or the bullish divergence went away today. So now, which, you know, you're making a little bit lesser highs still. So you've got a divergence. You've got the TLT VVIX ratio making a little bit lower highs as the S&P's still making higher highs. So that puts back on the negative divergence, I guess you might say. Yes. So now, you've got the S&P's VVIX ratio divergence, which can go on for weeks. This is a little bit shorter term, but I would suggest at some point we're going into a high. Right. You're getting a little more information, right, that, you know, it's getting more dangerous up here, basically, right? Yeah. If you look at last Friday's high, we had high volume. I don't have that volume short. We talked about it, I think last Thursday Friday's high maybe this Tuesday. Last Friday's high. I bet there's a good chance we're going to test that because we had high volume. Yeah, 89 million. Which we haven't touched yet, but we may touch it tomorrow. And these versions are still present, these bearish diverges still present, that potentially could end up with a cell signal. I'll have to wait and see. Don't know yet, but so that's the short-term trend. The short-term trend shows bearish diverges upward that way. I don't know yet, but so let's look at the bigger term. Okay. This is going to be a great big top and we're going to go down to zero on the SPs. No, we're not. And this is the reason why on this chart, chart number four the bottom window is the SPY and the next window up is the SPX fix ratio. And the last time we were talking back in May, I thought the market's going to head higher because of this ratio. The ratio is making higher highs where the SPYs was basically matching as previous highs. Well, the SPY fix ratio leads the S&Ps. So we have a kind of a similar scenario. Right now we're testing the July highs or early July highs and this ratio is making higher highs. So at some point we could have minor pullbacks just like we did back in April May we see pullbacks there. Nothing real significant but probably we need the arms to get up there. So you get these pullbacks the arms goes up to one and a half twos. You get enough energy to probably rally through. So I'm thinking we're going to pull back to around 440 this ratio or eight shows of bullish divergence. So that gives you confidence to buy on that decline. Right. Because the bigger trend is still up to this ratio. And it does pretty good job picking out the lows too if you go back and look at the May-June low which is that red box there that ratio is going a little bit higher highs. I see it. Marcus is going through the floors. Look at that folks. If you're in your car remember this is archive too folks because that is look at that man. It almost gets down on the bottom but it didn't. Interesting man. Yeah and that was the low. So so you know the most you know and actually just look at the top window there too. Yeah. Normally the VIX will start going up before the market actually tops. Yes. And usually you get to above 17 when those tops come in. Okay. And so we got as I did this chart we're at 13 and so even though we're kind of consolidating here we may have a minor pullback just to probably scare everybody for you know a week or so then probably you know the Christmas rally will start and we'll rally to year end. But usually the VIX will go up and above 17 you're getting above 17 is when you have to really start watching the market even though the market could be going up that VIX is up past 17 chances are you going to enter some pretty turbulent water. Oh yeah. Where the market you know it's pretty wild Tim is that you know now we've been the VIX is just hanging out here and has been hanging really in the same place minus one day for like 10 trading days so far you know oscillating around the 13 mark you know so it's pretty wild. Yeah. Yeah. But on the bigger time frames it looks fine. I sure turn fine frames you know if you go back to can we go back to chart one real quick. Yep. Absolutely. So that you know that you see it on the bigger time frames but the short term time frame is the VIX too. It's been going up it was low as it looks like an 11 you know now you're around the 13 it's going up that even though it's a minor divergence you still probably get some short short term reaction to it. Okay. So so you're looking now go back to chart four again. Okay. Okay. I got it. Yeah. See if you see that over the last couple of weeks how the VIX kind of turned down I do. I do. The ratio so that's what we're looking at on a real small timeframe. The SP's keep making higher highs. Yeah. Races going down so you're probably going to get some sort of reaction here soon. You know not months away you know days away. Let me let me ask you this. I don't think I've ever asked you this. What made you I mean I know you do so much work in the marketplace. Okay. And this goes folks the first time I met Tim I think is well on you know on the first time I met my person was 96 but I think I met him in like I had on 94 what how did you come to the conclusion that you're going to start using some of these ratios looking at the marketplace. I just need something more than what the trend was giving me. Yeah. And okay you know trend works great you know but you know even that last low October 27th the trend day trend never even got close to to 1.2. Okay cool. Okay. And in these ratios actually helped me you know how did I come up with the ratio I'm thinking I like the VIX VIX has a lot of information so I started messing with the SPX VIX ratio then I started you know the bond market has a lot to do with the stock market. Totally. So I started messing around with the TLT. Cool. Okay. And just you know you start screwing with it. And then over the years of course it gets consistent. Yeah pretty cool. Just stay right there folks. Tim and I come right back. We have the Dow Industrial's up about 49. Now it's like up 181 SP is up 31. Tim and I come right back folks. Get ready Tigers Thursday December 14th Tim Ord is back to host another stellar live webinar from 4pm to 5.30pm Eastern Time. Tim Ord will delve into the secret science of market tops helping you the viewer with how to effectively call market tops in order to increase your success in trading. Tim Ord has developed this understanding over decades of trading and is ready to impart this knowledge on you. Visit the front page of TFNN.com today to sign up for Tim Ord's secret science of market tops. TFNN Educating Investors If you're looking for potential trading setups in the stock market then equity 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 Biotech is booming but for how long? Whether you think Biotech Bull has room to run or has run its course trade LABU or LABD Directions Daily S&P Biotech 3 times Bull and Bear ETFs Visit Direction Investments.com slash Biotech today An investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain the prospectus or summary prospectus please contact Direction Shares at 866-476-7523 The prospectus or summary prospectus should be read carefully 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 The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFNN we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. 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 This program is brought to you by Vista Gold. Traded on NYSE American and TSX under the symbol VGZ. Welcome back folks. Tim We are talking with Tim. We are talking about these different types of ratios folks that Tim uses that is going to be teaching at TFNN next Thursday. So go to the front page of TFNN and feature content. You can sign up right now and you're going to be very happy you did. Okay, Tim. So we've got a chart for the bigger picture because of the SPX VIX ratio making higher highs where the SPs are still testing the previous July highs. At some point we'll make a higher high because the SPY VIX ratio leads the way. So, let's go to chart 5. And this chart this is not really racist, this is the McCullin top window is the McCullin summation index. And it works pretty good. It's a I do it with my trend. It gets below minus 700 you're going into a climatic low and that's all the blue lines across the chart there when the summation index hits below minus 700. October 27th minus 813. So we hit the climatic low in that vicinity so my downside was pretty minimal. Can it go down to 1,000? Yeah, but 90% rally in my opinion was over. So I had to worry about Monday or Tuesday probably going to go down. More down draft to me, right? Yeah. You really got the down draft right there. I looked at the summation minus 800. How low can we go? What was the the client's done? I know that the sun runs it now but what was the father's name? Tom because he's the one that he's the one Tom's the son. Sherman, right? Sherman's the one that gave me a number. He didn't want to come on. I just realized this, man. I was calling people up folks and I saw this thing. What is this thing? He's the one that gave me a number. I don't want to be on just that type of person. He's the one that gave me a number. Sherman only did it a few more years and then Tom took it over. Isn't that crazy? Yeah, that's crazy. As a matter of fact, they invited me out to California. They were doing an investment club out there and they had that investment club. I showed up. I was one of them. Sherman spoke, then I spoke. So it was just two of us but they paved my way out there. I was doing my tick and you remember that tick thing I was doing? Oh, yeah. I still love that tick thing, man. Yeah. You gotta find things that give you a panic. Right. People are screaming and hollering and that tick's going nuts. Totally. But yeah, it works great. And as with Tim... I went and presented it out there and so... And it was cool. Let's get back to this. Yeah, they're both nice people. We got minus 800 on October 27th. That turned out to be the low. How this summation thing works, you want a selling climax and others reading below minus 700 then you want to buy in climax and that's a reading above plus 1,000 like that happened within two months. So October 27th was a low. That's one of my hit minus 800. As I did this today, we're at 461 approximately. So we got about, you know, 540 to go before we reached 1,000 and we like to have that happen around December 27th or before. Which is about what, another two weeks away, three weeks away, whatever. Now, if we do get that that adds quite a bit of oomph to the bigger trend. We have two of them, pretty much in a row. We had one coming in you know, first of the year that was October then actually January we had. You had October, you had the selling climax below 700, then you had buying climax in January that's actually about three months. Not ideal. And now you get another one you know, selling climax October 27th and say, you know, by end of December if we get up to less 1,000 that would build well probably over the next six months at least. I see. Because when you get these signals if you go back and look this chart goes back to 2007. Right. You know, sometimes those signals last years. Right. You know, you got one, you know, the COVID crash which is March of 2020. Yes. You know, the mark went straight up for two years. Yeah, exactly. So, you know, that would build well so don't know if it will happen, but if it does happen, you know you can't really be bearish. So, so I know we'll see, but the bigger trend at the moment still up. Right. So I don't see a big top here forming even though there's quite a bit bearish talk out there. So there's plenty of bearish talk out here. This is what's actually so cool folks. Okay. Because, you know, the euphoria is not out here. And so that's pretty intense, man. And we're right next to highs. That's what's really weird, Tim. Do you know what I mean? When you think about it. And I guess it's been a year and a half that, you know, we went down and, you know, unless you're doing this every day, I don't think people realize how close we are to the highs, actually. Yeah. Yeah, we're up close to highs. So, so I know it's just we'll get a scale, I think here probably next week, you know, because the charts I showed you. And that, you know, ideally you want that trend to go up right through the ceiling. Right. And to get some panic going and you know, that builds energy for the next rally. Yep. So, we can put through the gold market real quick. Absolutely. Good. Everyone wants to hear that. That's for sure. Okay. So I get the weekly gold shot up, but the weekly XAU gold ratio and then the weekly XAU. Cool. Okay. All right. This chart goes back to 2013 and what is just the honest eye of that ratio. And every time you get below 30, in other words, that's when gold stocks relation to gold is going down a lot faster than gold's going down. Yes. So when the, that ratio is getting killed, gold stocks are actually getting killed. Right. And that's when the opportunity rises. So you're trying to pick out the worst top possibly ratio to find and when the RSI gets below 30, that's usually a good, oh, which we did have two signals back in 2022, one in July and one in September. Because the RSI hit below 30, went up a little bit and hit 30 again. So kind of gave a double signal. And it is a good signal also for at least near me at term tops when this ratio gets above 70 and we had that happen back in, looks like about, I don't know, March of 2022 got above 70 in July, September got below 30. So anyhow, my point is to the next chart. Okay. And you know what I wanted to ask you that we, when we left off on Tuesday, as soon as we come back we'll talk about this. You know, we were looking at the GDX on the monthly you were talking about the aspect of getting above the middle Bollinger band, right? Yeah. Yeah. And it looks to me like the monthly actually is there right now. Stay right there folks. We're coming right back. Yeah. Ho, ho, ho. It's December Tigers. That means festivities, decorating, spending time with friends and family and the TFNN Tiger Dollar Holiday Sale. Don't miss your chance to receive a 20, 30 or even a 40% bonus when you purchase Tiger Dollars. Once you apply your Tiger Dollars to your account you will be able to use them for any TFNN product purchase instead of your credit card. Visit the front page of TFNN.com today to purchase your Tiger Dollars. Don't miss your chance to receive up to a 40% bonus on your Tiger Dollar purchase this holiday season. Every Tiger who purchases Tiger Dollars will also receive a complimentary TFNN Tiger Mug with their purchase. Act fast this sale ends December 17. Happy Holiday Tigers. TFNN Educating investors. 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 season trader 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. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand. TFNN, educating investors. And you can trust Larry's analysis. 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. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Folks, similar with Tom O'Brien, we are talking gold now. Okay, Tim, go ahead. Number 7, quick look at that. Monthly XAU Gold Ratio and I use the classics on this because it just works. This chart goes back to like 1984. So it shows all the signals going back to 1984. And the last thing we got was August of 2022. And these signals are really pretty good for the bigger time frame and it's kind of gone up, kind of going sideways here, but most of these signals, when they get the slowest cathetics it's below minus 10, which it did back in August of 2022 and turns out, most of the time those are multi-year rallies. So I'm thinking the August of last year was the bottom. I see, yep. So I'm thinking the market is actually in a bull trend right now since August of 2022. So flip to chart 8 real quick. Okay, I'm there. So now we're into a real small time frame and I got a minute to talk about it but you know, the head and shoulder bottom formed the top window of the GDX. Yes. I thought the October low was probably the head. You had a right shoulder. The neckline was around 30. We had a sinus strength through the neckline and the bottom window is the 18-day average up-down volume and the next window up is the 18-day average advanced decline. As long as both those two indicators remain above 10, they are one's plus 16 and the other is plus 20 then that probably 30 area GDX will hold. And just to give you an idea folks, okay you know, at that sign of strength we went up with 41 million shares and Tim we've only done 14 million today as we're coming back into it 41 million to 14. Pretty wild. Well listen man, you have a great weekend, a safe weekend, we look forward to speaking to you today Tim. Alright, thank you. Stay right there, this is a fast hour man. Have a great one, have a safe one folks.