 quiet. Good afternoon everybody. Happy Friday. Tom's out today feeling and he'll be back on Monday and boy a little bit of an acceleration continuation I should say of yesterday's action we make it up to fifty one twenty three this morning on the S&Ps little bit of volatility from there you dropped down to five thousand and ninety five right now we're positive by seven points on the S&Ps NASDAQ one hundred actually slightly in the red by about two tenths percent off by thirty nine points we're sitting above eighteen thousand right now we'll jump right to some of the equities doesn't look like a lot on this chart but man that was quite a pullback you're talking about almost five percent man eight hundred and twenty three dollars stock you pull back forty five dollars in the span of about an hour to seven eighty just like that you're back up twenty dollars with the growth multiples that they were experiencing you got a little bit of a reverberation trying to figure out where this thing should quite settle but actually pretty remarkable some of the A to B CDDs are actually completing at these price levels. NVIDIA just blew past it which is remarkable we're going to jump to some of these A to B CDD formations right now. NVIDIA probably starts that a leg at about a hundred one oh eight is the low there you make it up to a B point in August of about five oh two so just shy of four hundred bucks to be exact what are you talking about there three ninety two or something like that you pull back to a low okay of three ninety two and so you're talking about a four hundred dollar A to B leg you only got a point two three six retracement on this equity and boom just like that you make eight hundred bucks we're sitting at seven ninety four now what's interesting is that's NVIDIA okay you jump over to the S&Ps pretty similar action which is remarkable on a percentage basis but nonetheless the run of it has had is obviously more substantial but the A to B CDDs are both completing as we speak today the S&Ps I bring this up because at some point folks I mean this is getting pretty remarkable that we've just had the S&Ps trade up a thousand points in just under four weeks four months excuse me four months not four weeks a thousand points okay you get an A to B leg that's about thirty six hundred up to forty six hundred this one retraces to about a fifty percent retracement you saw NVIDIA only did the two three six right but nonetheless your CDD and what do you do you blow past that B point right that was your huge gap from December 11th your C point was down here at about forty one twenty two you got to love it sometimes folks forty one twenty two twenty five and we traded a point and a quarter above that at fifty one twenty three listen with it the way this market moves who knows where we're going to be even in fifty one minutes from right now at the closing bell in terms of the accelerations that sometimes we've had but just taking a little bit of a breather would not be outlandish when you're dealing with this type of an acceleration and it is cool how you get the S&Ps line up right you have NVIDIA they just completed theirs now the NASDAQ 100 could go a little bit higher if everything comes in in terms of where that A to B CDD leg your A to B leg in the NASDAQ 100 you're talking about from a price point of about 10,075 up to your B point there which is sixteen thousand yeah so almost a five thousand leg and then you'd bump from an area of fourteen thousand one forty so that brings you about nineteen four your A to B leg C to D you pull back to a 382 here in the NASDAQ so what do we have NVIDIA pulls back to the 236 S&Ps pull back to the 50% retracement NASDAQ only makes a 382 retracement but if you're going to complete that A to B CDD the NASDAQ might have another leg in it man and you're talking about 1400 points not outlandish for an index trading at 18,000 what is that seven to eight percent something like that to the upside from here the only problem is you got a little bit of a pullback today so maybe it needs a little bit of a breather you jump to some of the short-term timeframes in terms of how we traded at the beginning of the day a lot of selling up here to begin things can't fault somebody anybody in terms of the gains that are in there 185 down to 182.50 for Apple shares you're down by a full percent for Apple Microsoft gives up what seven dollars on the open seven dollars on the open you jump over to Google shares no real huge move although they're dealing with their own animal right with Gemini they really haven't experienced the updraft that many other companies have meta shares trade down twelve dollars from where it was earlier this morning amazon gives up a dollar fifty from where it was 17412 netflix backs off 20 not 10 bucks from where we were earlier this morning some pretty dramatic pullbacks if you weren't benchmarking against yesterday's acceleration of course okay you know you're down by a 30% of the NASDAQ but you are now off about 160 points you've given up almost 1% from the top here again just be aware folks that this run of a thousand points you know in under four months after we just had another thousand point run okay that began less than two years ago in March of 2023 you're going to need a little bit of digestion I think as we come into what's going to be looks to be the the next revolution of AI technology of technology in terms of AI blowing things apart man pretty remarkable now I jump from there pretty interesting this article is up there at the top today Bezos in the video join AI open AI in funding humanoid robot startup it's like the stuff that like Terminator 2 is built on right they could have had that headline somewhere in there in cybernetics cybernetics uh figure AI also gets investments from Intel Samsung and Amazon listen to these companies okay the company's rallied roughly valued at two billion dollars do you know this company I don't know this company two billion dollar company they're raising almost 700 million dollars they're getting it from Bezos, NVIDIA, open AI, Intel, Samsung, Amazon and they're coming folks okay I try and imagine in the world of what it's going to be like for my son Tommy when he's anywhere near my age in his early 40s and you can't do it I don't think you can really imagine right now the cusp of what we're on over the next 40 years let alone the next five years right so this startup yeah raising about 700 million that puts the valuation at two billion and it's not going to be surprising man in terms of they're coming everything's coming I've been always joking with my dad in terms of you know what's it going to be like man Tommy's going to have flying taxis robots at home doing his laundry or whatever it's going to be Jetsons in full effect and NVIDIA is going to be the one that's going to be powering that at least for right now until somebody plays catch up nonetheless they're not there just yet that's for sure all right let's jump over to that gold contract we got some action today to the upside gold you make a run from October up to 2152 and we've been shopping around at this area for some time now gold in between a range of about 2000 and 2100 since about November you're right in the middle of that area but gold catching a little bit of a bid as we get a little bit of a pullback in the dollar index from where we were about 10 days ago right dollar index February 13th up at about 105 we're trading at 104 you jump over to that gold contract not a coincidence right you had gold at about 2000 now you're up to 2050 you got to keep your eye on that dollar index we'll talk a little bit about that dollar and yields when we get back folks we'll take a look at some equities we'll talk a little bit of fed speak as well when we get back stay tuned