 presentation of TFNN. The Tom O'Brien show is produced every business day. Tom takes your phone calls toll free at 1-877-927-6648 internationally at 727-873-7618. Let's go to Ben and San Jose. Ben, what's going on, brother? Hey, Tom, how you doing, man? I'm doing great, man, yourself? I just wanted to thank you and your team and everything. I've been using your technique with the 10-minute charts, watching the VIXX and just making a fortune here on the futures. Isn't it interesting? That's awesome, man. It's wonderful. Thanks, Tom. I appreciate it. Okay, man. Have a great one. Have a safe one. Now, Tom O'Brien. Welcome, folks. This is Tom O'Brien of TFNN. We're here 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 grows so everyone's having a great day, safe day. Let's make it a great night, folks. Be impeccable with your word. Replace fear with love. The human mind is like a fertile ground with seeds that continually being planted. When you're impeccable with your word, your mind is no longer a fertile ground for the words that come from fear. Your mind is only a fertile for the words that come from love. Market-wise, let's take a look at it out here. We have the Dow Industries up 401, Nasdaq's up 158, S&P's up 49, Gold Contract down 550, trading at $19.87 an ounce. We have Silver up 7 cents, $23.96 an ounce, Light Sweet Crew up a buck 96, $72.82 a barrel, notes and bonds, a 10-year note, down 116, trading $114.18, the 30-year down 10 at $128.26 in King Dollar. King Dollar's up 298 ticks, trading $102.862, the euro's at $108, the yen's at $137, the British pound is at $124.01 US dollar. Our phone number is 877-927-6648. Give us a call, folks. Want to know what's going on in your world? In the world of the S&Ps, let's take a look at them. First, I'm going to do the daily first because what is happening out here is that we're getting volume in the spy. If you take a look at this, you get an expansion of volume, that little swing point up there that is laying out that 417 only has 62 million. We've already done 62 million. Your other swing does have the 100 million, but I suspect that's what it's trying to get into right now. The number you really want to watch real closely out here today is going to be, let's see, that's 415-26. What that is, is that that's the low of the high because what we have done is this, that the high of that spike is 417-62. Now, if this is going to go after it, it should be able to close into that bar, which is the 415-26, particularly because you have an expansion of volume. That's how we're set up on the daily right now, but keep that number. Let me write this number down. Actually, 417-415-26, yeah, 415-26. Now, we're going to the E-minis. You've got a different story here in the E-mini. You do have a different story because what you have is this, is that you don't have any juice up here at the top. It doesn't mean you won't get it because this bar here, now see, this will get interesting right here because see this bar here, the bar that would, just coming, you can see up the highs, you didn't have any juice. It would come down, but we didn't have as a high volume bar on the way down also. I mean, you look at this, it's like, okay, kind of right there is the last place that we had volume and the high of that on the way up today because it was trending higher all day is 4163 and 4155 is the bottom. So, what we just did here, you got the expansion of volume on this bar, so this next bar is going to be crucial. That's the real bottom line because we'll see if we can get a follow-through of the bar then you're going to get up to those highs. We go into the NQs. The NQs are set up differently. No doubt about that. The way the NQs are set up, they have strength. The NQs, even when we take a look at this, you're going to see the differences. We had volume all the way up to where it just came back from. See this? That bar there, that is 633 and we just got down to 619 and it rejected it. So, we'll see how that one shakes out. We go to the gold contract. We take a look at GC. We take a look at the gold contract out here. Gold contract is down 540. You got almost 100, well, you do have 195,000 contracts traded and this baby is trading at 1987 and the bottom of this consolidation is 1980. So, this is getting dangerous. That's the bottom line inside the gold market. They want to crack. We go to the Notenborn market. Notenborns, they still want higher price. You're going to see them pulling back here. You only got 1.2 million contracts inside of the 10-year. That's not a lot of contract volume. They're going to the bottom of the consolidation. We take a look at this and that bottom of the consolidation has monster volume. We're coming into 2 million contracts. They're coming, well, way over here is even heavier, 4 million contracts. So, that's still saying that wants higher price and then we go right into this US dollar index and the dollar index bottom line has been looking for higher price. It's basically getting higher price. We'll see how this shakes out. It's launched, that's for sure. The first swing point up here is 105, 853 and intraday. It's been kind of hanging it tough. We just gave up a few points, a few ticks. When we get up that 103, 114, the high today. When you take a look at that, you're 400 ticks off of that level. The real question is going to be like, which way does that dollar go as the next 60 minutes as we commit to this market? Some of the high volume equities out here today. Tesla's moving, that's up $7.5. You get advanced micro up $2.5. Amazon's up about $2.5. Let's go look at Amazon. That must be at the top of that swing point right now. There's the swing. The top of that swing is 114. You're at 115. Let's take a look, put that on a weekly for a second. Yeah, it's going to be over on the weekly, but you have the other contraction there, but bottom line is it's over it. Some of the other higher volume equities out here today, and we'll see what it looks like when I have some volume in the market today. Nvidia, it's non-stop, man. It's up $9. That's over 300 bucks right now. You have let's see, Intel's up $0.25. We got Wells Fargo up $2.13. Let's go look at JPMorgan. Let's see if these banks have any, we know they get priced under them. Let's see if they got any juice, any volume underneath them. No, you don't. They're still in consolidation. JPMorgan is up $3.95, but you can see the volume is dying on the vine. You come down with $12 million. You go up at $7 million. You get out with $14 million. You get out with $27 million. Yeah, there's not much there. Our phone number is 877-927-6648. We have the Dow. Dow industrialists, let's go inside the Dow industrialists actually to see the strength versus the weakness inside the Dow out here today. Point-wise, what do you have? You have Home Depot. That's pretty wild. They came out with numbers. They traded it down. Now it's up and above. They're putting 59 positive points to the Goldman's putting 56. You got Boeing putting 43. United held 33. Taking away from it. Amgen minus 23. Merck minus 11. That's about it. Stay right there, folks. We're coming right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more, and he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive. He just hosted Forex Strategies and Fundamentals What is Behind the Tiger Forex Report. For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. 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When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors. Toll-free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back folks of Dow. Dow investors right now trading up about $3.97 to get the magic up $164. SAPs are up $51. So we get a question as to where would I shot the spy? So what I would do is that I would first let this play out because what you have here is $64 million. So you're going into $64 million. You're only going into $53 million. Oh no, you're going into $62 million, but we're already done $54 million. So that's why this number is crucial today about the $415, $26 million. If the $415, $26 million doesn't hold, meaning if we pull back on the close, then you get some action, meaning that you can pull the trigger. But if that closes above that $415, $26, which it should when it has this kind of volume, then you have to let this go right to the top. And when I say right to the top, that it wouldn't be the top of this swing point. That would tell me that it's going to go to the top of this $418. Because the smallest swing point is $417.62. So we'll see how this thing shakes out coming into the close. And let me just look at this intraday here for a second. Yeah, this doesn't look like it's going to hold. You just had a spike. See, when you get a bar like we just had, not this bar, the bar prior to this, if that bar doesn't hold, that's going to be a little problem coming into the close. Because that would be, let me just look at this. That was a .23 of the move. But this bar here, not the one we're on now. The prior one is almost a validation that, no, this market wants to stay higher. And when you get a market that is talking like that, and then all of a sudden it can't stay higher, it's a problem. Microsoft, we take a look at Microsoft out here. Microsoft is at all time highs. The low is $213. The high is $314. That's today. Yeah, this is what I was talking about yesterday about that every day you'd get a smaller price spread. This is how tops are made. This is getting smaller every day. I'm going to put this back and put it on monthly for a second. Yeah, on a monthly. Look at it on a monthly. Look at this. That's it. So on a monthly, two months ago we did $748 million. Last month we did $550. This month we're already at $302. And $302, we take a look at $302. Let me just get the calendar in front of me for a second. So there's 21 trading days approximately in a month. And where are you counting the super rap? Okay, so now you get 10 days left. Well, that's still gets you $600 versus, well, versus $550. Yeah, that's getting tired. That's the bottom line. That's getting tired. It's also coming into a flak, because when we came down, we came down with some flak. You came down with it. Look at that. We came off that high. It came off that high with $900,000, $900 million, rather. So that is some, that's the major numbers. Let's get a Home Depot and take a look at Home Depot. This thing flipped right around. So Home Depot came up with numbers yesterday. Now, this is what's intriguing about this. Now, this is a complex ABC down. Look at this. This is wild. You see, you see the run today? You see, okay, so the run today is $6 million up. We came down with $12 million. You broke the swing point. What's going to happen here is that even on the weekly, you're still going to have a break of the swing point. You're going to have it on volume all the above. Look at this. It already has it on volume. You needed $22 million. Even if I take the bigger one before that $26 million, you already have $23 million. So this is an ABC down. It turns into a complex one. No doubt about that. But this is when things get tricky, man. And Home Depot, yeah, Home Depot doesn't have a big shot position. It's only 1.34%. That's nothing when you actually look at it. Google. Google, no doubt, has been on the move. The highest to the lowest. The lowest is 83. The highest, 123. This is the last 12 months. And we're approaching it. We're at 121.75 right now. And this is also, you know, see, when you get these long consolidations and you break them, the longer the consolidation, the stronger the market. Now, that's going on the way up. The longer this consolidation and you break downtown, guess what? You're going to go fast and furious. Because you can see once we broke topside, once we broke the 107, it only took six days to get to 121. So that's pretty intense in the context of how many shares are outstanding inside of Google. We put this on a monthly also. And, you know, this is the normal bounce. That's all I'd say with this, because when you take a look at the highest or lowest of this, right now, you just got over the 50% retracement on a counter trend bounce, meaning you bounce 50 off the lows. So we'll see where that is actually going to take us. The 10-year right now, the 10-year is trading at 3.5. The low has been in the last three months has been 3.3. The high has been 4. You know, we'll see where that goes. Let's go to a couple of these home builders. So this is a sideways move. Listen to Tommy talk about these this morning. Look at this. This is at the highs. Oh my God. Let me put this back. Yeah. Now, see, this is going to be interesting. The reason I'm saying that is that this is what happens. Yeah, this is exactly what happens. Not exactly, but this is what did happen in 2007-2008. But you made a high. You pull back. It came all the way back up again, and then fell apart. You know, bring it all the way back so you can see it because I remember this well because I was shot them and I had to close the position and then they fell apart. Yeah. See this one right here? Whoops, one second. Nope. See these positions right here? It reached, what was that? 68. It came down to 52 and got back to 66. And then, see you later. 66, I think it went down to two bucks. What did it go back to? Yeah, 2,040 cents. No, three. They're 2,040. 2,040 cents. So, picture. Now, this has just gone from 2,040 cents back up to 114. You talk about a round trip, right? Was that a round trip or what, man? You're going to love it. Hey, we'll see where it's going to shake out. There's no doubt that the bottom line, people still want new homes. And it depends where these folks are building. That's what it depends on in a monster way. We go over to those S&Ps again. We're going to get some movement here, evidently, into the close because that was just a really fast move both ways. When I started the program, the S&Ps just had gone up, yeah, had gone up 10 points when I started the program. We just gave up the 10 points. And how many minutes here? Oh, yeah. No, this wants down at these lower prices because the expansion of volume is happening right now. Stay right there, folks. We'll come right back. Our phone number is 877-927-6648. You have that out. Our industrial's up 350. That's like up 148. S&Ps up 43 will come right back. The Gold Report. As a precious metal, gold is still king. 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In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigris' as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back folks to Dow. Dow Industries up $3.65, Nasdaqs up $1.46, S&Ps up $4.44, so let's go inside the indices for a sec. Take a look at the volume there. That's pretty good volume. You get the numbers at $500 million in NYSE, so that's going to come in with volume and the composite will come in with volume at $3.6. See what we've been doing, you see that last two days, $4.1, $4.1, the composite normally would be banging out $4.8. It should be banging out that kind of number. If we do take a look at this, now you can see in the composite, this is quite a break in the composite. I mean, look at this thing. That's a break topside, man. Let me put this on a monthly for a second. This broke out of the consolidation, and that's what's pretty wild because the higher number in this is quite high. The next swing, well, the next swing is $13,183. Nasdaqs can do that pretty quickly. Now, if we take a look at what it's actually done from highs to lows, oh, look at that again. Ooh, baby. You're just reaching the .382 in the Nasdaq. We know at those levels, when you get to those levels, the bottom line, you can blow through them in a second, but the bottom line, it's been a hard time getting through them. That's how this has been laying out for quite some time now. We got to take a look at the inside of the NVDA. I got to take a look at the NVIDIA here because this has just been one rocket ship. So the low NVIDIA is 108, the highs 30146. Now, that's today. We take a look at this. Yeah. Put this on a monthly. Oh, it's not the old time. I did this yesterday, man. Holy cow. So just take your time with NVIDIA, man. The bottom line, it wants to get up there. Doesn't have far to go. This is probably going to be, we'll see, has 40 more points, 45 more points to get to a tie. And what you have right now is your 301, the highs 346. Now, you can also see just like the contraction is dramatic here. I mean, three months ago, you did 1.1 billion. Last month, you did 700 million. This month, you've done 476 million. Yeah. So, and you're going against, you got to remember, you're going against the billion, almost billion 800,000. And even in its best month, that's where it dropped off. It only got to a price point of that 278. So those, that's where patience comes in, you know, in order to basically wait to those levels, see what happens at those levels, see if you get a rejection of lower price. I mean, of higher price. If you don't, you don't pull the trigger. If you get the rejection of higher price, you hit the higher price. If you have the lower volume, and particularly in this particular case, it looks like it's going to be a lot lower volume, and you get the rejection, then you're in business. We get over when that's going to take a look at the note and bond market. So actually, we can go to the TLT because I know folks like trading the TLT. So this is the 20 year plus ETF. The low in this one for the year is 91. The highs 120. And they can see this is just filling the gap. Yeah. The gap there is 101.33. We hit the 100th yesterday. So it filled it yesterday. So this is showing, so this is saying, okay, this is going to be really cool. This is saying that we're going to see, I'm going to go back to the 10 year for a second, because the 10 years been pulling back with light volume. But this is saying that even tomorrow, the next day, we're going to be going higher once again. Now, it doesn't look to me at this particular point, we're not rejecting lower price on the 10. Maybe we'll get right to the bottom of consolidation. But that's the way that TLT is set up. That TLT is set up that you got to the bottom of it. You jumped higher today. You filled the gap. You jumped higher. This still wants higher price. This thing wants back up into that 109 area. So this is going to be a real battle, meaning inside of the Fed as to are they going to go up on rates on the, what is it, calendar? I think it's the 14th of June or the 9th of June. The 14th. 14th of June. We'll see how that baby shakes out if that's where this is running. We go into the oil market. Oil caught a bit out here today. Let's take a look at oil. So oil's up about 84. We got 246,000 contracts. Yeah, that's light volume. Yeah. You can see this. You're coming down with 490,000 contracts. You're going up with 246, but you can see how oil loves to trade into consolidations. That's the bottom line. They just love, look at this. I mean, this is back six months. You can see we, the bottom 71, 25. So what it is trying to do is trying to get in the higher range. If you take a look at this, you just put that line up there. You can see it went below it twice. You're above it right now. The longer it does stay above it, that'll be saying that, okay, the longer it stays above it, you could get to higher price. No doubt about that. If we go take a look at ExxonMobil, XOM. Yeah, no traction. It's up $2, it's up $2, but that's not traction. Exxon still wants 98. Put this on monthly. Yeah, same situation. Yeah. But this is still at a higher range. You take a look at this, you're going to see as long as Exxon doesn't break down into the 92 area. No, actually, it's the 101. Yeah, as long as it doesn't break down into the 101, you could see this. You can see, I have this on a monthly, no, a weekly. You can see it went sideways for about 20 weeks. Does the next level. It's been sideways now about 30 weeks. And the bottom line is that those consolidations are really cool because what you get inside the consolidation is if you look at the top of the consolidation, look at the bottom of the consolidation, you try to see whether we push it with volume in the way up or we push the volume in the way down. Dow. Dow industrial is right now at $350,000 except $142. S&P is up $142. Stay right there, folks. Come right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. 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An investment in the funds is subject to risk, including the possible loss of printable. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, four-side fund services, LLC. Welcome back, folks. That was a pretty amazing one. That is an amazing number. There is no doubt about that. The president expressed confidence that negotiations would reach an agreement to avoid a default even as House Speaker Kevin McCarthy criticizes his decision to travel to Japan for the G7. Biden said, I'm confident that we'll get the government on the budget and that American will not default. Biden said, Wednesday, shortly before leaving, he showed Hiroshima, Japan on Capitol Hill, Makati, and other Republican lawmakers criticized Biden for his decision to travel with the House Speaker Label and the president, a big obstacle to an agreement. That's politics, folks. That's how we go. I'm telling you, it's going down to the last day that it can be done. My take still on this is that what we're actually going to see is that the market is going to make them react. That's how this thing is going to shake out. We don't know where it's going to come from, but that's where I suspect. This is a replay of 2011. If you're remember, 2011, it was Obama and the White House in Biden. They've already got experience with this about how intense it can actually get, how close it can actually get, the whole ball of wax. That was about as close as you could get because they have plenty of ways that they can shift around monies that everyone continues to get paid until they can't. Last time, that's exactly what they did, that some agencies didn't have money, so they shifted an agency here to make sure that was paid. That's how they did it to the very end, and then bang, they got it, and once they got it, everyone was all set. Because I think what ended up happening is that, if I remember correctly, it was on a Friday and over the weekend they did tell so many government workers not to come to work on Monday, and so I took a couple more days for them to get back, to get the buildings opened again, and all of this thing happening again. So hopefully it's not going to come down to that, but guess what, it could. Let's go take a look at the XAU, the HUI, because yesterday we were talking about the aspect. My take is that this thing is going to have quite a pullback, and if you get the gold report, we've been doing really well in the gold report. That's in great positions. We sold them on Monday, because my take here is that we are going down into XAU, get the volume on this. Yeah, so yesterday we had a small expansion of volume, nothing heavy, but my take seeing this XAU, it looks to me that's the last time we'd volume on the way up, and that's where I think we're going. We're at 130, it's the 126-24, that's how this is laying out. You broke the consolidation, and you broke it with volume. We had 21 million chairs, yeah, you broke it with 15. So that's a natural, you know, you break something like that and you break it on volume, and then this will be a deep retracement. That's the other side of that. That's going to be a deep retracement. That'll be, well, it's almost a .618 retracement. Actually, it's just above a .618 retracement. Now what happens, excuse me, because you know if it's a .618 retracement, what ends up happening is that that's saying that the next time that you're going up to the highs, you will not go break those highs. That's how that works also. You know, if we go to the Gold Bugs Index, we take a look at the Gold Bugs Index and do the same exercise. This also broke it. Yep, it broke it, and it broke it with volume, too. And you can see we did 16 million, well, 17 million. That's a close call. Well, 11 million, too. But it's broken at this point, and you can see when you come down to this lower level. And then the Gold Bugs Index, which is set up a little bit differently, the Gold Bugs Index, that's just going to be like a 50% retracement of the move, which is a much better deal. So when you take a look at that, actually, if we only come down to 50% retracement inside of the HUI, what that sets up is that you can get to a higher high because a .382 or 5.0 retracement is a normal retracement in a market that wants to go up. You know, you go up 10 points, you pull back 5, that's a market that wants to go up. You go up 10, pull back 3.82, same deal, wants to go up. You go up 10, you pull back, you know, to the 382, meaning you pull back that many points, 6.18, that's a market that the next time that it goes up, most times it's only going to go to the top of that level. That's how that works. Let's go take a look at that chart of the Dow Industries because there's no doubt the Dow right now has some juice in it. Yeah, not really though. This is when you get the big numbers that's intriguing, right? You're up 400 bucks, but take a look at this chart, it doesn't mean much. We were here five days ago, you know, that's when we came back down. Still a choppy market, you know, outside of the Nasdaq. The Nasdaq looks to me like it already broke, you know, broke topside that is. Dow, Dow Industries right now trading up 409, we get the Nasdaq up 166, S&Ps, they just went up another 10 points, we're up 50 right now, so that's gone back and forth. You gotta love it. Going back and forth basically 10 handles three times thus far. And this time you did get volume again. You get volume on this bar, man, on the way up. Stay right there, folks, come right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. 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Dow Industries up 401, NASDAQs up 163, S&Ps are up 50, and let's get over and take a look at a few more of these banks. Okay, so BAC. It'd be interesting to see if they, you know, now Bank of America, that's, you know, that's a little base. That's got a little juice behind it. That swing at 30 bucks, and your 28 has some volume. And at WFC, Wells Fargo, it's amazing what Wells Fargo has got away with, but the bottom line is that they have. Same deal. Now, Wells Fargo doesn't have a swing high, meaning, well, it has a swing high, but I'm talking about a swing high with volume. We've got to look at Citigroup. Citigroup a little juicin' it. PAC West. Now, this is one I've got to look at. Okay, so these are the ones that were going upside down. Nothing there still in PAC West, that's for sure. KRE, the Banking Index. This is the ETF for the Banking Index. Yeah, that's still not down the way down. You know, it's got some juice out here today, but you can, well, let's put this back. Let me put this on a weekly for a second. Put this on a weekly. Yeah, you still got a high volume low on here. Put this on a monthly. It definitely has, well, one second. Sorry about that, folks. This definitely has a high volume low. What this had, you know, it's amazing here, too, is that we were always talking about that March 2020 area, you know, from the COVID. It's not only dug into it. I mean, it dug into our monster way. Monster way. Always remember, folks, the Banking Clio hot out the book and run you over and thank God. There's always another trade. Health, habits, and prosperity. Have a great night, folks. Have a safe night. Come back and visit Tommy tomorrow morning. Kicks us off 9am. Great show, folks. Look at him, folks.