 Welcome folks. This is Tom O'Brien a TFNN. We have five days a week. We go seven hours a day We go 24 hours a day in 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 in a great week To master love you have to practice love The odd of relationship is a whole mastery and the only way to reach master is with practice to master relationship Is there for about action not about attaining knowledge? Market wise let's take a look at it out here. We have the Dow industrials right now trading up 468 Nasdaq's up 460 S&P's are up 101 gold contract up $18 20 cents trading at 1753 an ounce You get silver up 51 cents 19 dollars 5 cents an ounce Platinum's up 1750 881 you get a copper up 8 cents 346 notes and bonds This is the wild one man. You get the 10-year note up 10 10 ticks rate trade in 142 15 the 30 year up one Up 11 takes at 142 15 and King dollar King dollar is down 715 ticks trading at 106 477 the euros at 101 the yen is at 136 and the British Pounds at 121 to 1 that US dollar iPhone numbers 877 9276 648 it was a call folks one though It's going on a y'all world and the world of the S&P's. Let's take a look at it What do you have so the Federal Reserve come out got the three quarter point? It raised so we're 2.5 bank to bank right now bottom line folks in the market didn't even blink it didn't even blink I mean, you know normally you get an up and down on it didn't even blink man Just kept going top side. So if we take a look at this Spy first now this is going to get so interesting man because the spy could actually do the number We need 20 million more in the spy and if you if we get it guess what you're going to have a monster ABC structure on the way up Okay, this is a 70 20 20 29.8 B which would get you somewhere. Let's see third that'd be 420 and 414 417 is the next swing point and Yeah, that's this is gonna be intriguing man The bottom line is this smacking wants to get up to the June 1st level and the x100 We take a look at the end the x100. Would you see in the end the x100 bottom line? Same type of setup. We'll see it looks to me like the end the x is not gonna do it today I expect it will do it tomorrow 308 59 is the number, you know you you reach the 308 59 now It's gonna be intriguing is that the June 1st level and the end the x is That August at June 1st. Yeah, is that 314? Well, it's gonna blow way over 314 308 yeah, you got 28 bucks. So you're talking about the good That's 323 where's 323 so The swings 314 323 is the next level 330 That's how this baby set up here and if you want to see something wild here watch this folks Okay, because if you're in today trading we had an ABC structure up and the NQ's this morning and You know bottom line is that this is a very large one. It's like, okay, man Are you really gonna do this today? Well, it did it man, and here it is You know you can see it's pretty clear man, but it's it was insane and it was right off the bat man I mean you can see at 10 o'clock this well 9 30 this morning blows away the B point was a monster ABC your Price projection was 12,000 520 and you know when that broke that ABC you're only at 313 so If you understand ABC structures We're in an ABC market where we had been an ABC market all the way down Bottom line did it now. Guess what you are good at an ABC market on the way up and it's gonna blow some mines here Man, that's the bottom line gold gold contract out here We take a look at the gold contract. Would you have gold contract finally caught a bid bottom line rep 19 bucks? The let's go take a look at your volume characteristic out here Okay, I'm still gonna need more volume only got a hundred and six thousand contracts. It's not a lot of contract volume Let me see what this is taking out. You probably have a small ABC up though. Let's see Okay, so yeah, you do. Let's see. Where's that gonna be? So you got 1755? Okay, so you got a 61 a to b which gets you 71 81 91 87 1787 you get an ABC up right now to 1787 and it's gonna be 1808 folks inside the gold market 1808 that's ice You know, we'll see how it handles when it gets up into that level good old King dollar King dollar was cooperating in a monster way out here And that's what it needs in order to basically the market to get the higher price So what we had out here today is that King dollar failed at 107 426 your benchmark Just keep your eye on this benchmark because we're below the benchmark again the benchmark We're talking about is one oh six seven twenty nine now. Here's the kicker man If we can get the price spread that we got Today tomorrow You have a total break of this trend and that would be saying that they good dolls gonna got a 101 297 If we get that folks we get that break. This is where this is really important understanding currencies Because we the correlation is direct between the US dollar right now in the stock market And that changes too, but the bottom line it's been direct It's been direct really direct for about a month a month and a half two months the bottom line if you get that break You are gonna be the commodities will run the stock market will run the breathing room in the market will be exceptional That's the bottom line is and you'll see that and you'll see it very quickly You got what did what Powell got out here today the bottom line is that and this is this is wild man You can see they went up three claws a point. He says he's not backing off also Okay, and the market just doesn't even look at it does it then I can tell you for a two o'clock And even if he started talking Well two o'clock it just didn't move man I mean, you know normally you can go up 20 s and p points down 20 s and p points, okay Didn't move it didn't move and all of a sudden as soon as it didn't move for like five or ten minutes You know the market realize that oh we're going higher again and sure enough. That's what ended up happening So as he started his news conference You know bottom line it takes off again because then there's more basically disclosure of what they're looking at and you know The disclosures the same disclosure he's done every single time he's gonna look at the data and What did change is that now they say they're gonna go meeting by meeting as soon as they said they're gonna go meeting by Meet that's when the market took off in a monster way because they were pushing out The analysis much further now bottom line is gonna go meeting by meeting down industries up for 47 Nasdaq's up for 45 S&Ps are up 98 stay right there folks come right back