 Welcome folks, we have the now investors right now trading up for Nasdaq 108 S&P's up 17 and a half gold gold contract down to $12.30 cents $2,032 an ounce we have silver up 34 cents $22.81 an ounce light sweet crude up 70 cents 75 dollars 7 cents a barrel notes and bonds a 10-year note down 7 ticks trading $1,1031 the 30-year off 18 ticks at $1,908 and $king dollar $king dollar right now is trading down 392 ticks 103,224 euros at 108 Yen's trading out here at a price point of $147 the British pound is at $127 to one U.S. dollar Our phone number is 877-927-6648 It was called folks want to know what's going on in your world let's go to the world of the four agreements first To master love you have to practice love The out of relationship is all mastery and the only way to reach mastery is with practice to practice a relationship is therefore about taking action not about attaining knowledge Market wise out here let's take a look at it this is what we have folks okay so we're gonna go right over to the dollar first Well actually I want to look at the bonds because I want to see what time this happened and see if the bonds moving the dollar or the dollar is moving the bond okay so we have out here we had the 10 year that started okay right at 10 o'clock so it started going down to 10 o'clock and then we go to the dollar because the dollar was getting pounded and we look at the dollar and that didn't start going at 11 o'clock interesting so that's that going up at 11 o'clock so that's saying okay so that's saying there's the bond which would make sense okay so that's saying the bond market basically fell apart first didn't fall apart but what you have here is that you've had the bond market coming into its strength let's pull this up take a look at this baby okay so right now you have 1.7 million contracts we're going into you know 2.3 million this is the you know this is the strength on the way up it was trying to get out of this area today now what you do have is this now watch this this is actually bullish this is crazy man but this is bullish okay and what it is is this we do have an expansion of volume and we actually took out the high from two days ago so as long as you don't take out the low four days ago three days ago the bottom line before the close I'm talking about that's actually still bullish saying that okay it's going to go right back top side we go over to the S&Ps you're going to see that you know the last couple days what had happened is that the dollar didn't have any movement and the S&Ps are still going but they will adjourn the tragic they just they weren't going like they normally go like they went this morning okay that being said so we have is this is that yet the S&P get all the way up to the 4933 you're at 4910 and what you're going to do here on the S&P this still wants to get tested if this can get tested in the next few ten minute bar then you're going to have a shot at higher price once again but that bar wants to get tested we almost tested on the bar right afterwards meaning 50 minutes ago but that bar is sticking out it's 51,000 contracts down to that bar let me go to the NQ's and take a look at the NQ's okay so the NQ's set up the same way oh I see no the NQ's aren't set up the same way one second so the NQ's don't have to actually get down there this is interesting because the NQ's what they did is that they came down to the bar from yesterday morning they came down with 19,000 versus 34 let me go back to the S&P because the S&P might have done the same thing and I just missed that one second this would be a trip if this is what this is doing okay so we broke that level no it's not the same because we came down with 55 yeah so there's two different setups here the S&P would have to test this low here first before going higher now the NQ's don't have to that's the other side of it that's how this is set up right now we go take a look at the gold contract the old contract was catching a bid gave it up in spades we take a look at this contract right here you had a high of 2037 a low of 2011 you're trading closer to the lows 2014 had a 2.223,000 tax traded this still needs a bid now this is doing the same thing as the bonds are doing meaning it's going against the strength but the bottom line is it needs the bid if we go take a look at the copper market now the copper wants higher price you know this is the copper market has been in this ABC structure up to 405 it failed the first time it got to 387 but now you can see the strength is coming in again this is the copper market you're at eight of your upbeat pennies right now we take a look at Teseco TGB that's a big copper stock bottom line you can see it's getting price spread out here today you get volume behind the move we're trading at 140 and that is a high volume high here that's laying out there at 165 that it wants to get tested let me put this on a weekly yeah you know this is a classic man this is actually a classic this is a pretty cool setup so if you're watching like a TV you're going to see the bottom line is that let's do this it's always cool when these things come in like this okay so what you're going to see you had strength in December this is last December last January you pull back down light volume you get a nice sign of strength about six weeks ago you come back and test it with lighter volume let's say this is saying that 196 is game inside Teseco and if we go to SCCO which is Southern Copper I suspect we're going to see a nice looking chart on that too so Southern Copper is trading at 83.62 I'm going to put this on a monthly because I think this is near yeah it's near a size this wants to take out a size so whatever has happened on the copper market is of course good for copper metals metal companies that are in the copper business no doubt about that. Down industries right now down 47, Nasdaq's up 78, S&P's up 9 stay right there folks come right back