 To talk about some of the action, let's jump over to our man, Teddy Kegsdad. Folks, you can check out Teddy's Tiger 4x report. Every week he puts out new issues Monday morning. He puts updates throughout the week when warranted. You can check that out right under the front page of TFNN. You go over to the Newsletters tab. You will see the Tiger 4x report. You can sign up, folks. It's $97. You get a couple webinar archives in there as well. You can cancel at any time. You pay nothing if it's within the first 30 days. It's a great deal. Check it out. He's got a couple webinars here talking about capitalizing on time with calendar stock option spreads, a recent webinar he did. That's available under the Services tab, as well as Japanese candlestick patterns. But we're going to talk a little bit of 4x and a little commodities this morning. Teddy Kegsdad, good morning. Good morning, Tommy. Boy, it always seems like we're having eventful days when you're on, but there are many eventful days in this market recently. Maybe if we can kick it off with the dollar index, Teddy, quite the day yesterday, we have yields kind of driving some of that action. Where do you want? I know they're all related, but where do you want to kick things off this morning? You know what? A dollar index is a great place, and all I can say is the Tiger 4x report readers must love having tomorrow's Wall Street Journal today, huh? I mean, talk about nailing the low in the dollar index yesterday. Right now, it's establishing a nice little range trade in front of the Fed meeting. The bottom yesterday, I think, was really, really nice. We once had a nice retracement going on for a couple of days, and now they're starting to hammer to support again. I think you're going to see that trend continue, no matter what you say, the economic numbers and the data that's been coming out, even though it may not be as frightening as it has been over the past two years, it's still atrocious. I mean, that's the reality of things. I think that right now we hit a nice low in the dollar index yesterday. Do I see us having a major rally over the next week? No, I think that we're going to hold the low. We made a lower swing low yesterday, okay? But this is not a correction. The overall trend for the dollar index is a major bull. So right now we're establishing that range trade in front of the Fed meeting, and we're going to trade pretty much, I think, a little bit sideways to hire over the next week as we head into it, especially by the time we get to Tuesday, we're going to go into a flat line trade, which, speaking of flat line trade, look at the US dollar yen, that thing's been hovering against, budding up against resistance, and it literally has become a flat line trade. So I think that we're hitting some extremes on the trends, and we're definitely going to push it because yields are definitely poking higher again. I don't care what the overall consensus is, the reality is, scoreboard is scoreboard. I would not try and fight that trend. Yeah, there's no denying that recently, and pretty interesting. I was going to jump to, I know you love looking at the 30-year, along with other parts of the curve, of course, but how about the move, Teddy, from 107 to 110 in change in terms of three points? I know the move's been pretty dramatic in both ways. Anyway, obviously, just mammoth moves on the 30-year, especially the 10-year up and down the chain, but like you said, we're still sitting at 4.9% right now in the 10-year, which is a pretty remarkable number that you can't deny coming into a Fed meeting. Are you looking for any volatility with the Fed? Do you think they're going to pause as many suspects as the case right now, at least in this meeting coming up? Do you take that into account? Do you have any biases there? Yeah, I do. I know that overall the bias and consensus, if you will, is that they are going to hold and pause right now. Everyone does see the Fed possibly within the next six months raising one more time, but they think they're going to digest what they've done over the last year. I don't buy that. Here's my rationale with that is, we talked about flight to quality last week, especially with all the conflicts that's going on in the world right now. We don't have flight to quality in the bond market right now. We have it in the dollar. I think that overall, especially, I dwell on the third year because the long-term drives rates in the long-term, but if you look at the volume in the short terms, you haven't seen the volumes in the euros, the one, the two, three, and five-year notes that you have recently in a very long time. I think that that is going to continue to cook. I think that as that boils over over the next month or two, I think that's going to put pressure on the Fed. The market rate, no matter what, if you look at relatively where we're at, all the interest rate markets should be much lower in pricing. Right now, we're at a premium. We're not at a discount for fair value. Even if the Fed doesn't do anything, we should be on a fundamental and technical basis lower than we are right now. I think the market's going to keep on pressing no matter what the Fed does, but I do believe I still think that there's a much better chance of them still hiking in this next meeting next week than people are. I would not really lean on this or say that the Fed is going to do nothing. I wouldn't say that next week is going to be a not-event. Could it be? Absolutely. But I wouldn't be shocked if they did raise a quarter point next week. It'd be pretty amazing if they did, if they came out and said, you know what, man, we've been talking about 2% forever, and we're not getting there. Why not? Right. I know consensus is right there. I'm trying to do it because do you want to wait until the December meeting? Are you going to shake up the holidays, especially with the conflict? There's a lot of talk that there's like, oh, the Fed's not going to do anything because of the escalation in the Middle East with things. They don't care about the escalation in the Middle East. The Fed is, they're dealing with the economy. They have nothing to do with the war industry. That has nothing to do with their bearings on things. It is a—you make me think back on when they first started, right? That's when Russia was just happening and they actually probably put off their first hike, right? Is that what happened? That was a mistake, for sure. And they probably even came back and said that, that they let that kind of, you know, they didn't want to, I think, start that, right? I think it was right around then. It just makes me think of the same thing, right, allowing something like that to get into it and you see where we are right now. What about crude? We got to talk a little bit of crude. A little bit of a pullback to $83, but as we've mentioned, man, a lot of strength. What do you think about crude at these prices, Teddy? Well, you know what? The high that we made a few sessions ago, once again, the Tiger Forex report must love the upper boundary of our critical range there for resistance. I think that we're flirting with a key support area, but where we're at right now, I think is pretty much the floor. Could we see a spike that could get us down into, like, say the upper 70 handles? Absolutely, but I would not get married to any type of short at these levels. I would be looking to be buying a brakes, you know, and especially right now, I would say with the way that the market has pulled back in the crude oil market, I would say maybe give it a day or two before you start to look into it, but I would say especially in front of the weekend and going into the Fed meeting, I would rather be long than short that market. Nice. I like the detailed analysis, man. Way to day or two, folks, maybe, but yeah, I was jumping through the technicals as you were doing it, man. It's unbelievable. At least you got your back against the wall a little bit in terms of an area of support there potentially at that $82, $83 area. Teddy, I appreciate it. We're coming up a higher swing high also, so that's why I'm also with that 5-brake 5-4 cab. Nice. Yeah, volatility, man, just everywhere in this market. Teddy, I appreciate the time as always, folks. Go check out the Tiger 4x report. You heard it. Right under the newsletter tab. You sign up, you pay $97, you get a money-back guarantee for 30 days, you can't go wrong. Teddy, I appreciate it, man. We'll talk to you next week. Sounds good, Tommy. Take care. Folks, stay tuned. We'll be right back to finish up the show.