 Welcome folks, 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 growth, hope everyone's having a great day, safe day, making a great night folks. Love is responsible for its actions. Everything you think, everything you do has a consequence and you're going to experience the consequences of the actions in one way or another. All human beings are completely responsible for their actions, even if they don't want to be. My good boys, let's take a look at it out here. We have the Dow Industries down 594, NASDAQ off 371, S&Ps off 89, Gold contract up $29.60, trading at 19.01 an ounce. We had Silver up 21 cents, $23.81 an ounce. Light Sweet Crew down two bucks, $91.44 a barrel, notes and bonds. The 10-year note up 19.6, trading 126.13. The 30-year up a full point plus four ticks at 151.31 and King Dollar. King Dollar is up 156, trading 95, 852. Yours at 113, yen is at 114.97, the British pound is at 136 to one US dollar. iPhone number's 877, 9276648. It was called folks, well I know it's going on in your world and the world of the S&Ps, let's take a look at it, what do you have? Okay, so we look at a spy, you get some price destruction out here, no doubt about that, but bottom line folks, okay, you don't have volume on the way down. Yeah, so this is a consolidation. Right now we have the Nasdaq down by 2.6%, the S&Ps down 1.8, the Dow Industrial's down 1.7. You can take a look at this spy out here, the spy's trading down 8080 at 437. You're coming into the last swing point from Monday. Monday was 133,000 shares, 123 million shares folks, okay. You know, we're into that bar, so it's saying yeah, I can go to the bottom of the bar, probably tomorrow at 435. You're not gonna, right, this can't go down here, I don't think we would go break these lows. I think this is building cars to break the lows, okay, but I don't see it right now. We look at the NDX100, what do you have with the NDX100? What we have with the NDX100 is this, you get the three cues, bottom line, same setup, fast price destruction without volume. You're coming into the swing from Monday, we had 80 million, you've done 42, we'll probably do about 60. And of course, the big number inside the NDX100 is that it is getting closer to that high volume low. 353 is the highs of the low, we're 346, bottom line, you can see we're already dug into that good time, seven. So your probability is pretty good that you very well may get into the bottom of that high volume low. Even that being said, I just don't think we're gonna do it this time. I think we can go to the Monday low, reject that Monday low and then go top side once again. Gold, gold contracts and ABC structure in the way up, folks. It took the B point out today, took it outward volume. And what you're gonna see here, we talked about this yesterday, when you're approaching a swing point, folks, you can see this, we're approaching a swing. The swing that we're approaching here was the 1882. You can see yesterday was an inside day, but the two prior days, you had the expansion of volume up three prior days actually. First day was 239,000 contracts right underneath it, only made it out to the 1862. Next day, 1876, 231,000 contracts. Next day, 250,000 contracts, bottom line, you blew it away, blew it away with volume. It's 100 point A to B, the A point is 1780, the B point is 1881. So you get 101 bucks, gives you 1946. Now that's if it's a one to one ABC structure in the way up, folks. That's how that shakes out, because what gold loves to do is a one to 1.382 to a 1.50 in the metals and in the equities. That's how it shakes out. Notes and bonds, we take a look at the note and bond market, folks, what you get out here in the note and bond market, right now you get the 10 year note, up 19 ticks. You get low volume, this is a counter trend balance in a market that wants lower price, meaning lower price, higher yield. And you can see it's pretty clear. First off, we didn't test the swing low from five days ago, which is 125, 17, that's gonna get tested. You're going up today at 1.8 million, you went down to 3.1, bottom line, counter trend balance. We go take a look at the 30 year bond. 30 year bond is up one full point, plus six ticks, and this one here, oh, this is gonna be interesting to see what it's got here. A little different setup, yeah, stay the same thing. You got, what you did is this, you did test and you rejected, with light of volume yesterday, the swing low. The swing low had 540,000 contracts, yesterday it did 359, bottom line is still going up a way too much, little volume. You're going up with 390,000. King dollar, we take a look at King dollar right here, we have a King dollar, bottom line, King dollar's having a hard time holding price. You got sideways move up here today, you're up 148 ticks, you're trading 95, 849. We take a look at some of the higher volume equities out here today, and what we are gonna have out here is that there's gonna be light volume out here today. You get pellet tears off $2, you got advanced microdown of four bucks, NVIDIA's down 19, Door Dash is up eight, the number of Door Dash deliveries, I think it's like 236 million in 90 days, big number, man. You got Facebook is down seven and a half dollars, you got Virgin Galactic off $1.15, Fastly is off $9.55, that's really a hit, man. That's only a $20 stock, it was a $30 stock, that thing just got smoked. Bottom line, folks, is that yeah, we have some selling out here. Now, here are a million different things, you get selling because of Ukraine, you get selling because of the market, bottom line, folks, might take a lot of, I'd say I might take a lot of it. Ukraine, Russia, nothing's gonna happen. And the reason I'm saying that, folks, there's no way that Biden comes out this morning, says it's imminent, and then gets on a helicopter and goes to Delaware, goes to the next meeting. That doesn't happen when it's immediate, folks, okay? Or imminent, it just doesn't happen, man. That's the bottom line. You're gonna have a freaking war, you're gonna go into someone, okay, you're not going anywhere, you're staying right in that room. So, the rest of this, I would say, is just normal selling inside the marketplace, why? Because the highs are in, folks, I suspect we're gonna be in a consolidation maybe a couple years, and we'll find out how big the consolidation's gonna be, whether it's gonna be the first leg down, or do we do an ABC structure down, and that'll be the consolidation. Dow Industrial's right now down 643, you get the Nasdaq off 382, S&P's off 94. Stay right there, folks, come right back.