 Welcome back folks. Dow, Dow and Dow industrials, where is she? There we go. Dow industrials right now are trading, sorry about this folks, up 13. That's like up 16 S&Ps, up 7.5. Let's go over to our MMS to Teddy Cakes that as we do each and every Wednesday at 4 p.m. past the hour. You can reach Teddy every trading day folks at 4x-trading-unlock.com. Teddy Cakes that, what's going on? Well we got some nice moves shaping up in the currencies to start the first trading and full trading week of the year off I think. That's for sure. How about last night? Holy cow. I mean. Right. Well the Middle Eastern thing is fueling it right? Yes. No, no, no doubt. So where do we want to start Teddy? I think you want to start with the Euro and the pound. We have the Brexit deadline that's coming up on January 31st and the pound I think is going to be a scary trade. I think it's going to be a range trader's delight and a swing trader's nightmare as we head into January 31st. I think it's going to be a very tight winding trade and it doesn't matter what's going on in the Middle East. But the Euro-US dollar hit some key support. We had a big sell signal in the Euro-US dollar last week and we just touched the top of our target range. There might be a little bit more to go. I think that because of the Brexit issue the Euro is going to start to get really tight and also with high oil prices it's going to be really hard to break the Euro as well. Yeah, interesting man. And then I mean the yen last night went ballistic, right? Yeah. Absolutely. I mean what happened folks is that all the, not all the indices, but gold, oil, yen it totally makes sense. The yen bottom line got down to 107, 107.65 and then just shook it off too. Yeah, now it's $2 higher. Yes. For a full dollar higher. No, it's pretty intense man. There's no doubt about it. Absolutely. Absolutely. Well you know we've been talking about how you know what with the dollar index when it was under pressure the US dollar yen would still rally and now you have the dollar index finding some support so it kind of gives lift again to this market. It's hard to break it down. It is. I mean you know so when you look at this index folks so you know the number I'm keeping my eye on is 97.141 Euro. 97.147 so you're jumping back in the higher range again you know. And we'll see what they can hold. I mean I expect the broad market today as well as the currencies to have more volatility than normal. I mean because most times what I'm sure is that when you get a night like last night people think it's calm and cool and it is at this particular point but we're not going to stay calm and cool because it's right. This is a nervous market man you know. Right. Well you know what's interesting is that the US dollar is getting a big lift against the like the Japanese yen right now and also against the Canadian dollar and the Swiss is actually it's trying to I think it's pretty much unchanged on the day right now. Okay. So but those are the ones we are seeing the most movement and that's why I think that it's amazing how with this turmoil in the Middle East how the market can really shrug this off and pretty much absorb it because it seems like the pound and the EU and the Euro rather are more concerned about their Brexit deadline than they are about the Middle East. Yeah that's interesting that. And I guess you know you explained it to us last week I mean this has been quite a move in the Swiss franc right. I mean yes you know it's what word ninety seven oh two. That's like that's the that's the lower end of this range right. I mean absolutely and that kind of goes with member how we're looking for a little upside correction in the dollar. This is before this whole thing launched in the Middle East. We were looking for a dollar rally so they kind of fundamentally and technically line up and then we had all those signals that were triggered last week. Remember for corrective moves in the Euro and all these other things. So you had to see that the dollar index get up to that ninety seven half here even ninety eight even that's very likely I think over the next week or two. And it's a lot of moving parts in this marketplace man. I mean right there's there's no doubt. And then get ready for the next drop. Yeah I listen I think I think long term for sure. What we've found more than anything is that I'm looking for at least a test they've even last night when you get spikes like that the bottom line they love to go visit their friends man. Right. It's just when they do it you know I remember even you know they folks thought when that flash crash came in I don't know about ten years ago I thought I'd never get revisited it got revisited it's. When those things happen they just like to get revisited. Right. It is what it is. I don't know if it's a technical fundamental issue but they like hanging out no doubt. You know it's there is some interesting moves in the some of the more exotics like the pound euro trade in the Swiss euro the Swiss is actually a very strong currency right now. So I think even if the US dollar Swiss gets this nice little bounce which we're kind of talking about right now I think overall the US dollar is going to take a dive against the Swiss over the next like five six months. Yeah. Now it's this and it's you know we'll see where the shakes out I mean I might take is that we broke that longer term trend in the dollar and that's a 18 month trend. So that's quite a trend. And what does it mean folks every time that you try to test this higher area which the dollar is doing out here today if it makes it it makes it but it doesn't make it that's another indication you know you test you test you test we've already tested it twice it's failed twice we'll see you know what ends up happening here. And you know it just lines up the supply versus the demand right I'm right yeah so that's where the really basic fundamentals come in line there. Yes no doubt and I guess you know in our case I mean if we went back you know 10 years Teddy I mean everyone was worried about the deficit now and I don't think I can confine can find a conservative fiscal in our government right. Right I mean you know the bottom line folks is that you know on the Internet if you could rewind some of these things and you can folks OK I mean 10 years ago you know everyone's worried about yeah we have too much debt well the printing presses have never stopped and they've exploded higher and sometimes would even you know I hear even other analysts say that well this can't go on forever sometimes I think well why can't it. Well you know what you said something's really interesting there Tommy you've been you're the big equity guy and think about this remember like when there was a crash of twenty nine there was only the Dow right OK in 1987 there was the S&P 500 right now you have these multiple indexes multiple industries we have the aerospace industry alone that could dwarf everything in history as far as the stock market's concern so every other business could collapse we could have a total like depression going on and the stock market might elevate to levels we've never ever even thought of that's interesting yeah no I listen that you know no for sure there's no doubt and that's where you know if inflation is creeping in that's where you absolutely can have higher numbers even though folks you know bottom line out making what they made if I learned anything when that whole Zimbabwe deal happened I remember us watching that Zimbabwe stock market folks before their currency collapsed the stock market went to the moon and then of course when it collapsed they weren't even higher but that was a lesson I think for anyone right you know a number is basically arbitrary you know it's what that number could buy you right more than anything right otherwise you have you know the depression like you had in Germany in between World War One and World War Two yeah pretty intense man well listen folks you know a man that Teddy if you've missed Teddy Teddy did a couple of Dave shows last week they were fabulous shows Teddy we really appreciate it man thanks a lot those were fun OK man you have a great one safe one of course you look forward to speaking the next Wednesday thank you thank you man stay right there folks Tommy and I are coming right back we have the Dow right now let's see Dow's up six and has next flat S&P's up four and a half are coming right back