 Welcome back folks down down just shows up 44. We get the Nasdaq down six S&Ps up two and a half Let's go over to our M. Mr. Jack. Please and as we do each and every Thursday at 40 past the hour You can check out Jack every trading day at major league trading calm Bottom-line great website each and every time you pick it up Jack will be in a different place around the world Rowling and prowling out here like the tiger he is. Yeah, Jack please and what's going on, brother? Hey, howdy there partner What's going on down in sunny, Florida? We're just the heat is on, baby We got 81 here yesterday. I was a little I was pretty happy about that I bet you were happy about it 81 in Chicago. That's a beautiful thing, man That is a beautiful thing. Oh man. What a move. We've had here guys Couple of things I want to point out some of the major levels we came into because it's looking like it might be More of a serious bottom, you know me and my halfway packs So NASDAQ you guys go to that chart the halfway back for the year is right about what we held and You know that's from the low which was I think it was the seventh the low of the year was the it looks like this Yeah, the seventh of January to that high That level was 7004 which is right about the daily close on the fourth of June and then right where we opened the other day when that rally began so Larger picture profit targets You know if this ends up being a low and we go up towards those all-time highs The negative 22% projection there's gonna be 82 82 So I'm good. I'm looking to continue to trade from the long side here in the index is a little choppy this morning If we do get a pullback today in the S&P 500 2813 is my first major support and then 2806 below But I also think oil is possibly made a bottom here. Have you guys been playing close attention to that widow maker? I mean that things the new net gas Yeah, my take Jack is that we're going to 44 and oil, but I'm gonna also send I'm gonna send you some salmon Let me get some salmon in the mail today They got salmon down in Tampa Bay. Oh, we got it up in Alaska We're gonna say we're gonna send it from a couple of our Tigers up in Alaska. So we'll turn you into a bear And you into a bear There you go, I like it if we are gonna go lower I really like I'd like to see us get that back up to the 5366 level in oil and then kind of fail from there So ideally I think, you know, we can go lower. There's no doubt about that But just the way we kind of hammered off that 560 zone yesterday, I think we got a trade back to the top of range. We broke down and out of and that's for me That's around 53 60 so 53 60 and 54 62, but hey, you know, I'm a day trade. I'm changing my opinion every every Awesome man. There's no doubt. There's no doubt about that You know, it's intriguing when you get a chance if you take up that oil shot and then take out the S&P with it Look at it the last three years because it seems like oil is about a week ahead of the S&P And it's been trading with for quite some time, which is you know, all these things work and then they don't work folks Okay, but that's you know, that's a heads up man. It really is so it's and that's training You got to be calming the markets constantly changing if you're not changing with it You're gonna get left in the dust guys, you know It's like, you know, the biggest thing about trading to me is always risk management You know, and I think you got to stay in the game long enough for the bigger moves me that oil that oil move down Man last time we talked that's when the move really began as soon as we took out those low See, we were trading 58 last Thursday, right? Yeah, and then you had the biggest inventory draw And I think I read 30 years. Do you guys see that? I did? It's like it was great It was back to the 90s man. It was like, okay, this that's not even born yet. I know man Hey, I like that move in gold. Oh Yeah, that move in gold is fantastic. It wasn't last Thursday. It's funny because last Thursday I was long it Going in I think it was long and when we were talking. Um, I mean, I obviously exited early And then I've continued to trade it here on the way up But this could be the breakout that we've all been looking for You know, it's gonna be amazing folks watching this because the reality is that you know, it's it's a good move There's no doubt, you know, we need to take a look at this shot. Guess what, you know We've been in this area for three years. Yeah, and you're talking about a long period of time Definitely, and we'll either make it or break it. We get up to that 1377 and right now, you know, you're 1333 I know it's gonna say three years really. I see like 2013 man like six. That's right. Six years. Yeah, six years It's amazing. I mean, I remember that move on on the way up and how bullish everybody got But really right now if you guys can continue to watch if we can stay above this 1329 level here in gold, which would be a pullback below today's low That to me 1329 is a really significant Fibonacci zone that would continue this very aggressive bid That we've had since last week. It's this marks a week, right? It started last Thursday, right? So I mean and what what a move it's been so we went from what 1280s all the way up to so, you know Over 50 points to the high and that high the year came into it yesterday that 1349 I mean if we start clearing that then it's you know, those previous highs of the year are gonna be the resistance is above But to me, it's the the speed of the move here And then also you kind of have really a truly fundamental argument that could push it higher with the Fed basically Continuing to say we will print money as fast as you want now I need to know one of those guys because I love a money press That's so true And you know the body and all you have to do folks is is look at the bond market You know the bond market basically is pushing the Fed the bond market is saying hey rates are going lower every single day You know and that's a big move So we'll see how the rest of it shakes shakes out dollar dollar, you know, we'll see where the dollar basically fails This is the third fourth day in a row now. We get lower prices in the dollar with volume. So Since this is good moving parts out here No, I haven't looked at the I haven't you know, I haven't really been paying much attention to the dollar I know it's so correlated with gold But I just I I trade I trade what I look at if I don't look at it. I don't typically Listen folks you can check jack out every trading day at major league trading comm So hey, so how long you gonna be in Chicago? Where you going next? I'm going to put the con in next week. So So I might have to you know what I'll do is I'll pick up for my phone again and Beautiful man. Yeah, enjoy. Yeah, it's just who's actually getting married. So this is They got the all-inclusive resort it's a great place for weddings Really cool too folks is that like we I've gone there a couple times and I've gone there in the summer And I thought it was gonna be hotter than Florida. It's actually cool in Florida, which is a mind-blowing What is hotter than Florida? Where are you? Where are we going for the south 98 degrees in human in Florida? How do you guys keep your hair looking so good when they're with the with the weathered on there technology jack that Nasdaq 100 technology Beautiful That AC the AC pair man, they never get a look like genius Jack you have a great one safe one always a pleasure man have a great week We look forward to speaking the next week man. Hey, take care guys Thanks Jack take him in remember folks you can check out Jack every trading day majorly trading calm down