 Welcome folks, this is Tom O'Brien at 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 growth so everyone's having a great day, safe day, it's making a great week folks. Starting off with a lot of red, we'll tell you that. Create new agreements based on respect and love. Take the responsibility to make new agreements with those you love. If an agreement doesn't work, change the agreement and create a new one and use your imagination to explore all the possibilities. Market wise, let's take a look at it out here. We have the Dow Industries right now trading down 376. We get the NASDAQ off 399, S&Ps off 94, gold contract down $27.30 trading out of the price point of 18.55 and oats. We have silver down 60 cents, $21.80 an ounce, light sweet crew down $6.91, $102.84 a barrel. The Saudis did over the weekend, they're selling contract oil, $4 down, which got it down $8 pretty quickly. Notes and bonds, the 10 note and bond market, the 10 years up 16, tick trade in 1809, the 30 up 27 at 13705 and King dollar. King dollars down 72 ticks, trading out here at 103.588, year is at 105, the yen is at 130.29 and the British pound is at 123 to one US dollar. iPhone numbers 877, 9276648, give us a call folks. One note's going on in your world and the world of the S&Ps, let's take a look at them. What do you have? Well, bottom line is that you get a lower market, you get a total change of trend, that's for sure, and total change of attitude, I mean in a monster way too. So bottom line, you're coming down, you're coming down with volume, you've hit $3.99 today, you have one to one ABC structure down is $3.94. So that's five points lower, that's six points lower than we are right now. So we'll see how that shakes out, getting down into those levels. We go look at the NDX100, the three Qs, has a lot further to go. We're at 290, well not a lot, 18 points. We're at 299, that ABC structure is 281. And we bring this back, let's bring this back so you can see where we're talking about here. So if we hit the 281s, you're gonna see that, and this is where I think the NASDAQ looks to me like it's gonna get extended down here to the 260s. And the reason I'm saying that is that we traded four months and this is volatility was unbelievable actually. That was from last August, September, October, November. We went sideways, but the spread was incredible, man. The spread that going sideways then was like 36 to 40 points. So it looks like we're gonna dig right into that. If you dig into it, you get to the bottom of it and the bottom of this 260. That's how that baby's set up. So it's pretty intense, there's no doubt about it. Gold, gold contract. It has lighter volume today, but just slightly because you're at 186,000 contracts. And what you have here is that when you are coming into, the swing that we're coming into is 1849. We hit 1853, it's not catching a bid, man. That's telling me that this thing is gonna break it and it's gonna be all about, no doubt, can that US dollar decide to basically take off? Because what we have here is this. I'm gonna bring this dollar up for you so you can see it for a second. We're at 103, 587. Now if we take this and we put this back 25 years, because I started the gold report, folks. Gold was at $282. Well, I got it at $282.50 to be exact. I think I bought it down to 250. We started the gold report going all the way back in 2000. That's when the dollar was 121. If we break this area, we haven't been able to handle this area. But when I say handle it, you're hanging around the same numbers, meaning the numbers of 103, 820, 103, 850, you'd have to get about two points away from it. You get two points away from it and guess what, man? You're gonna be at 121. So we'll see if that's how this thing is gonna shake out, but that is game. Now, I wanna talk about something here. Let's go over, I want you to go over to our website and hit the direction banner. The reason being, if you like trading leveraged or inverse ETFs, folks, okay? This is the last day. I wish I saw this a little bit earlier. This came out, this only came out May 2nd. And what it is, is that FINRA, okay, which is the regulatory body of the NASDAQ, come out. And they're looking for comments from investors and they're looking to basically change some of the leverage and inverse ETFs as well as other complex products. Now I don't know what the other complex products are. I can tell you this though, if you're straight to these products, these are good products as long as you know how to trade them. I can also tell you that the largest player in this market, and I suspect more than likely that company's behind it, which is Blackstone and BlackRock, rather, can't stand them. Larry Fink can't stand these things. And I don't quite know why he can't stand them because guess what, anyway, get the gist of it. The bottom line is that some of the established players, and he's being one of the biggest players, cannot stand them. And I don't know if it's just because you can't, basically, when you can sell the S&P, because I mean they own them all. But anyway, make a long, sure shot. Come over to our website at TFNN. This is the last day you can make a comment and just submit a comment. If you like trading these things, just tell them you like trading them, man. I suspect the way this is written, it looks like they won't be able to stop them, but they very well may do what they did with day trading years ago. And what that was, I think, I don't know if it's still like that or not, is that you always had to have 50,000 in your account in order to trade it. So I don't quite know what they're gonna do, but if you do trade them and you like them, get over there and comment. Because just like anything else, comments matter, your votes matter, and if you don't think they do, just wait a few more weeks because there's not enough comments out there if you happen to, whether you're hedging or you like, whatever you like doing, you may not have it. Now, investors right now trading down at 352, you get the NASDAQ 405, S&Ps are off 94. Now, when we come back, I'm gonna, we're gonna take a look at the e-mini futures and try to figure out coming into this close where we're going. Because what we've had is this, is that the last leg down, okay? You know, and that's when I met John from Philly called my Tommy and me were doing Dave's show, we split it up. What you had there is that the last low just didn't have the volume. And then we did get volume 10 minutes ago. It looks like it's testing and this volume spiked too quick though. If it, that's the size too quick, man. It's energy we'll give up once again. Stay right there folks, come right back.