 The following is a presentation of TFNN. TFNN Bull Bear Training Hour. Every training day, live at 10 a.m. Eastern. Call now. Tolls free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Training Hour. Now, Tom Antt, Tommy O'Brien. Welcome folks, appreciate you're growlin' and prowlin' with us out here. We have the Dow Industries now at 298, Nasdaq's now at 97, S&P's off 32, Gold's up at 940, trading at $14.98 an ounce. You get Silver up 16 cents, $17.46 an ounce, Light Sweet Crude off 29 cents, $53.32 a barrel. We're gonna get the oil numbers at 1030. As if you need more volatility maybe in this market. Let's get some oil inventory numbers at 1030, why not? Totally. Notes and bonds, you get the 10-year note up 46, 130, 25, the 30-year up 6 and 162, 28. Now, both of those confirmed ABC structures up, folks. They took out their B points, yes, they took them out with volume and your price projection is just under the September high. So, higher price, lower yield. King dollar, up 47 ticks, trading 99, 174. King dollar came back inside, well, it tested its high yesterday, stayed up there for a bit, got back inside it. Euro, yours at 109, the yen is at 107.5, and the pound is at 122 to 1 US dollar, and we got an ABC down market in the major indices. You got an ABC up market in the bonds, and I gotta first go to the small caps, because this, you talk about getting taken apart yesterday, man. This is like... It really is, man. You're tying yesterday to today, and I said to you, right, as we were about to come on the show, right? It's almost my SMPs. We're at basically 2,900. We were almost at 3,000. It's basically 24 hours ago. We got that ISM number at 10 a.m. yesterday. Right. Man, you can't take off 24 hours in this market. You'll miss 100 SMP points. You'll miss 1,000 Dow points. And what do we add in the IWM? We were just at 153. We're sitting at 147. Right. 4% almost. And for those who use trends, moving averages, you're gonna see destruction here. Okay. Look at this. This was a break with conviction of the 50, the 100, and the 200 in the exact same day. That's pretty intense. You don't see that a lot. Could I just put this on a little bit longer time for you? I'm just curious maybe if you back it up where those lines have sat. So that's interesting. What is that, the 200? I wonder how that goes. That's on the weekly now. Okay. Which is more important. The way this works is that you get the daily, weekly, the monthly. The bottom line, it hasn't been able to get over the 50 on the weekly. Okay. And that's a problem. You know what I mean? Yes. That's definitely a problem. It's a big number. If we go over to the SMPs, let's take a look at those SMPs, you're gonna see those SMPs. We did do an ABC structure on the way down. It took out the B point, took it out with volume yesterday. And look at that, man. Oh my God. Just mammoth, man. That's what I said. The numbers today are huge, but they're especially huge when you come off a huge day yesterday and no breathing room. It just keeps going. Right. And so now folks, the bottom line is that the bottom of the consolidation is game. You know, you're into the zone. Once you get into 2945, it's like, okay, I don't expect a straight line move to 2777, but you're in it, man. Yeah. And we had ADP number today, right? Pretty muted response to it. I think what I just said is during the update, 140,000? Yeah. It took a while for the market to come down. And what was so strange this morning, folks, not strange, but if you were like... 135. I was looking at the European markets were absolutely getting smoked and we were only down 10 S&P points this morning. Okay. And the FTSE is 2.6 now. It's about 2.4. I mean, but you were talking to us about some major, major selling. And that's unusual that we had that type of major selling and our S&P was still only down 10s. You know what I mean? Yeah. You could argue that that was then catching up with yesterday's action for us. Oh, for sure. You know what I mean? That's why they hadn't had the chance to kind of accelerate lower as we had towards the end of the day yesterday even. Yeah. There's no doubt about that. Yeah. But like you said, the market's open, man, and things have just not stopped to the downside, for sure. Yeah. Gold bottom line is that we're going to have... We'll see how we shake out by the time we come in on Friday. But thus far, you're going to have rejection of lower price on the daily as well as the weekly. $14.9430 is the weekly number. $14.8430. Okay. Way over that. August 7th. Wow. Oh, that's interesting, man. Now that was... It's been a... That's been a huge couple of days, man. I think we're at $14.64, $14.68. Yeah. $14.65. Yeah, that's the low. That's not bad. That was basically right at 10 a.m., man. Yeah. It's all been 24 hours. It really is remarkable what you can do in 24 hours, man. It is. Notes and bonds. Bottom line, folks. Okay. They took out their B-point yesterday. They had volume behind the move. Same thing. 24 hours, man. Yeah. And this is saying that we're going right back to the highs. You know, you can see... Look at that volume. It's a 2.1 million contracts. You're going into 1.7 as well as 1.6. It sets up for a big day. I keep saying Friday, man. Non-farm payrolls. You had ADP. Missed slightly. It was a big miss. If payrolls ever miss, man, watch out on Friday. Right. Yeah. Right. And you have... They came out with the car numbers yesterday. The car numbers were shot. In Europe, they came out with the car numbers. And it's amazing how cars fluctuate so dramatically. Yeah. They were down like 14% to 17%. Yeah. Big numbers. Yeah. But guess what? They've been up monster numbers, too. You know what I mean? So it's like... They've had that momentum. It said that Saab... Okay. Yeah. I think it was Saab that... Oh, no. Subaru. Okay. Subaru. Oh, yeah. They're an anomaly, but go for it. Yeah. What is it? It's like 14 straight quarters of... Yeah. I'm picking numbers, but I've heard it before. And this was the first quarter that they had a retracement. It's something like... It's a huge amount of time. They really have. Huge amount of time. They have the reliability of those vehicles. I've never owned one, man, but they... The resale value, everything. I mean, they're reliable. They're good cars. They're solid cars, right? Last time I drove one is years ago, but I loved it. I had... When we're up in Alaska. Okay. Not when you were with me, but when I was up in the office, I had a rent one once. Okay. And the snow, it was one of those little wagons, right? It was phenomenal. You're really going... Subaru, I'll back maybe. That was one of those first really car winds. Yeah. I mean, it was just a great car. Yeah. You know? Yeah. Some of the high volume equities out here. You get Apple... Now, Apple, this is kind of interesting. This is a really bearish setup, man. Apple got to a nice high yesterday. Yeah. Did a nice shooting star. Sure. And then gave it up in spades today. No, those tech stocks, man. You know? Apple, NASDAQ getting smacked this morning so far, for sure. And I saw... Can we go into the news for them? Yes. What did I saw? Yeah. They're going to loosen the reins. I said, yeah, I saw the headline here. And it's kind of interesting how this will play in. So they're dealing with woes from maybe the FTC, right? Of all this stuff. Okay. So they're going to ease some restrictions on developers of third party apps responding to a Bloomberg news story about the rise of in-house software that gets prized default status on iPhones and iPads. That sounds like something that the regulators will be coming after before. So maybe that's a preemptive kind of strike so that when... If they do show up in front of regulators and they say, hey, you're giving yourself all this prime real estate, you know? You're discouraging competition. That's right. You can see the set up already. But I wonder how that's going to play into, you know, as they try and push people into their own map services, to their own messaging service, et cetera. Now they might allow other apps to rise a bit. Yeah. We're going to see some changes in, I guess, all the big dogs somehow. Yeah. You know what I mean? I'll pull up. I'm going to show you. So iOS 13 just came about. And man, they've been giving me notifications now of apps that are tracking my location. When I'm not even using it. Yeah. I'm going to pull up because I took a screenshot of this Facebook app. And there we had 55 times they had my location over three days when I wasn't even using the app. You can see exactly where I was. They're basically every hour of every day. It's scary stuff, man. But you can see I really like that I had an Apple phone because at least they were telling me it was a new iOS deal. Really? It was remarkable, man. It's a heads up. Stay right there folks. Tommy and I are coming right back. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures and forex. Heated by Steve Dahl, TAS understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. 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TAS Profile Scanner is available for all subscribers immediately upon signing up. TAS Profile Scanner is available for all subscribers immediately upon signing up. TAS Profile Scanner is available for all subscribers immediately upon signing up. TAS Profile Scanner is available for all subscribers immediately upon signing up. TAS Profile Scanner is available for all subscribers immediately upon signing up. TAS Profile Scanner is available for all subscribers immediately upon signing up. So I'm going to jump down here and jump into our commodity spread. See where we're trading. We're going to pull up. All right. You know what? I think we're going to refresh this. So let's let's start over because this this is not showing my 11 a.m. It's not showing my noons. I'm going to pull this up for two seconds. Make sure I move too quick. Yeah. Make sure I pull off all my information before I throw it up there on the screen. Okay. We'll pull it back and let's see where we go. So I'm going to get in here, pull up our commodity spreads, jump into crude. Here's our 11 a.m. So what's going on is I'm not sure that. I don't see a noon. Oh, there's a noon. It's okay. So we have the contract trading of $53.50 on the dot right now. Okay. We'll pull this up. We're looking at the November oil contract. And again, it's about $10.21 right now. We're looking at $53.50. Man, the volatility in oil along everything. We just dropped more than a dollar from where we were at 3 a.m., let alone 8 a.m. This morning, 54.13, you trade down a full dollar almost to 9.45. Now, $53.50 doesn't line up with where we are on the 11s. We'd have $53.25. You know, not a bad trade if you just wanted to go bullish, man, into this news for a quick pop as in the markets at $53.50. You're getting into $53.57. You're paying seven ticks over. And for that premium, you're only risking $32 down to $53.25 as you come into inventory numbers. Not a bad bullish trade if that's where you wanted to be. Noon contracts. Same exact price spread. So not exactly a great volatility setup as in we'd want $53.50 to have some exposure. But let's just look at the difference in premium. If you wanted to go bullish from 11 a.m., you're paying $53.58. For the noons, you're only paying $53.62, man. It seems like a great trade. When the markets are $53.50, you got exposure until noon. And you're basically paying $0.11 over the current market. But for that premium, you're capping your losses at $53.25. And as we know, this market moves, man. You could be under $53.25. You're only paying $4.50 to the difference there. Yes, for that extra hour from 11 till noon. And you get a bad number on this inventory, and crude oil could be below $53.25 before your stop could even get hit, which is pretty cool that you're capped out of those losses. And let's just see where the dailies line up. $54 would be our price point for the first dailies. So again, that's same, and $54 basically the same. So because of the movement we've gotten, we don't have a price point with a spread right at $53.50. You'd have $53.25, or you'd have $54 to gain exposure. But not a lot of premium priced in, even looking at this one right here. Yeah, so let's see, CLX. Excuse me. CLX-9. November contract, baby. Yep. And... I mean, look at that, right? Even Monday, we're up at $56. I'm going to go for downtown. Downtown. All right, let's go into the whisper number. Look at that thing sticking out. Oh, I see what's happening, though. Okay. Not to cut it off. I want to see how much time we had on this before. We got 51 seconds. Perfect. Okay. So the survey number is looking for a decline of about $2 million barrels. Whisper number looks like a little bit higher than that. But if you're looking for lower prices, there should be more oil, ideally, than the market. Right. So what are you thinking? Whisper number is survey numbers to... $2 million. Whisper number is 1.5 to the downside. 2.4. To the downside? That's going to pop... No. Oh, no, that's right. Yeah. Yeah, this is... No. You'd want to have more oil, so less of a decline. Right? 1.5. It's going to be less than that? I don't think so. No? Well, it might drop no matter what. 1.125. Okay. 1.250. Yeah. Whoops. We needed a minus in there. Yeah. How about 8 seconds to spare? Boom. We're in there. So, no, let me... I got to look at this again because you know what's going on is that this is actually coming into... Did we just use this? Let's say... I hope we chose Cruz. I think we chose Cruz. This is coming into the strength. Look at this. See, that's what I was doing here. Yeah. So, see, you had some strength here. Let's see. That... Oh, it's pulled up. Which is good. That's yesterday at about 2 o'clock. That bar is 9,500 contracts. That bar is 23,000, but that's 5,352. Oh, we're right at it. So what happened here, folks, is that this came into strength. And it has light volume, but I'm still... I'll go for this bottom. It's got to be a close call because that's a normal... You have strength. You come back. You test it. Do you know what I mean? Yeah. So... Can we go back into that whisper? W-H-I-S again? Yeah. I just wanted to see if we had pegged the crude. I think we pegged crude, but they have all of them in here. No. You know what? We chose distillates there. All right. That was our distillate guess. All right. So we... I thought crude number, but that's perfect. We'll see where we come in. Crude number, they were looking for 2 million to the rise to the upside. So we'll get the numbers at $10.30. We'll see where we shake out. And let's just see where we are at as $53.43. So we've ticked down a bit. I mean, these trades, they set up even nicer as you come back there if you're really looking for a pop man. Now you're talking about $33. You're getting in a $53.58 price tag is $53.44 for the noon. If you're really looking for just a real quick pop in terms of the 11 a.m., not a bad bullish trade man at all. The bearish ones don't line up as much because you're capped up with your loss at $54, which is a lot of exposure. But man, it's nice if you just want to go directionally where you're capped out of $53.25. I mean, not bad, man. Not bad at all for a market that just crude oil, let alone everything else, man. Defined risk, right? What do we say to our man, Kevin Hinksman? Who would ever think you get the Saudi oil fields attacked and you're at a lower price than we were? Any of economic slowdowns, right? I mean, everything, right? Now, down $3.50, now it's the top of $99. S&P's off $36. Stay right there, folks. Call me and I'll come right back. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter, Market Insights, then now is a great time to sign up for a 30-day free trial. 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Get your copy of The Art of Timing the Trade Charts today by visiting 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 Come back folks, crude inventory rose 3.1 million barrels gasoline fell 228,000 Think we're looking for about a rising crude of 2 million barrels or so? That's what I said. So let's jump back to the market and uh-oh, before we crude bulls didn't like the 3.1 I would say so. And we're off to the races to the downside $53.07 And this is exactly what I was talking about if you were going bullish, man you don't have a chance to get out of $53.25 You just jumped to $53.04 and no matter what in those contracts we're looking at you're capped out at losses of $53.25 You can do the same, you know we're just looking at it on the NAICS platform you can do that type of stuff if you want to and options I'm sure but defined risk in those types. But not in futures. No, right. Because you can have that's too fast a market. I agree. Well it happened just to get it clarified folks it would end up happening you could have your stop at that $53.25 No, and that's what I was trying to write it's not going to trade at $53.25 because they're going to get the inventory number and the entire market's going to dry up for a split second and then it's going to come back in at the prices that they price it at and that for this You may, can you just do the top of that this might be an ABC structure on the way down now I'd have to wait for a few minutes to get the volumes on this. I just put it on just so I could by the second and you can see that we were trading at $53.52 by 20 seconds in we're at $53.05 so just remarkable and would you say I'm sorry If you just put it back so the A to B on this because it's going to be an ABC down intraday so you take the top of So $54.13 down to $53.19 just shy of a dollar and the C $53.55 $52.55 maybe $52.60 and look it's not stopping man $52.90 as we accelerate and jumping back so there is it distillates a bigger number minus $2.4 estimate was $2 gasoline a miss as well they were down $228 their estimate was for a rise crude much bigger than they thought $3 million versus the $2 and I wonder how this is all going to play in in terms of refinery utilization big miss there minus $3.4 the estimate was only minus $0.5 and lower the oil fields man they're going to be just fine we're pumping out all the oil they need and lower prices under $53 man remarkable if you tie it back I mean what are we 10 days are we how where are we from that spike in crude we 10 10 days to the market man oh boy yeah yeah it's CLX 9 I believe it was sad day to Sunday it was approximately 10 days ago yeah CLX 9 yeah so when is that September 16th what do we got 3 6 9 12 13 trading days and you know that high is a little bit unfair in that we were at 63 89 for a split second where futures open Sunday night right but even if you just take a where we close there 62 67 this is delayed quote yeah we're now $10 under that number and if you just back it up to the Friday before the attack on the oil fields we were hovering between about 54 30 and 55 60 and we're now going to be almost $2 below that number man let's get over take a look at those e-mini since they decided to go south as did the rest of the indices here yep and you got some juice behind it that's all these numbers man they're all looking a little weak in terms of numbers every single thing that's come at us this week ISM ADP yeah we'll go over some of those Ford numbers that we just over earlier man they're not yeah bad numbers man yeah let's point out right now because you know it's interesting even with the oil is that what they're selling a lot less cars you know we have plenty of cars on the road though that's a big number though it's so you got a few different things just headlines will jump in van sales in all time third quarter record but van sales never die off their van sales us light vehicle sales beat estimates but guess what man they're explorers and they're not making sedans anymore they better be pushing out explorers because that's what they're about the new model launch cause Ford motor companies explore sales to crater in the third quarter plummeting 48% so dealers I guess we're short on Explorer inventory this summer and demanding more of the high profit SUV but the situation is improving the Ford factories in Chicago start to speed we've got adequate inventory in our stores Lenev said and who is this U.S. sales chief yeah of course you got to put some contact that people still have confidence in the fourth quarter to go buy what $40,000 Explorer maybe more money even more right I mean that's and you know as Ford largely exits cars I mean remarkable to even say that right the company is souping up its SUVs to give drivers a more sporty ride in their big rig so far that he's paying off sales in the ST version of the edge and Explorer SUVs rose 26% in the third quarter but they're dealing with some woes man and I guess you know that's a big number when you just see Explorer sales because everybody knows the Ford Explorer oh yeah I mean that was them and you put it and I poured down today on that newest on their numbers yeah these car companies no doubt have they're contracting you know the amount of cars that they sell still is a total mind blow it sure is it sure is man we love our automobiles yeah there's no doubt about that and that may change though we're talking about the break and when you add up all the cars you add up your payment you add up your insurance you add up just regular service right you add up the gas that you pay it is a lot of money every single day yeah that now there is they didn't used to be an alternative there is now there is so we take a look at the plus and minus inside the Dow industrials folks you got Boeing put in minus 57 Apple 31 Visa 31 Home Depot 27 all the negative yeah positive you get J&J now check this out folks J&J the I'm telling you man what do they got cooking oh they got some good lawyers man so what this is about right so check this out J&J just did a settlement in Ohio probably right the top one and it is chump change so where do you see this 20.4 million 20.4 million now listen to this this is what's really cool well it's not cool for Ohio whoever they are on their side has no you know it's it they just screwed it up the bottom line is that so they 20.4 million to settle with two Ohio counties suggest opiate liabilities manageable okay that's going to be one story from an analyst right let me just sign this other one though so guess what they already got a they lost the case in Oklahoma and it's 20 it's like 400 500 million like that's one we're just on maybe I know I got I read this last maybe just page it well if you read it last night it might be this no let's try that no go ahead yeah that it's anyway folks okay that's what the thing is is that you got to be kidding me man they they lost this this is probably there 572 million there and so it's the first time that J&J has agreed to a payout on claims to downplay the risks of the opioid painkillers it refused to settle the state of Oklahoma's allegations that legally marketed and a judge ordered it to pay 572 so the settlement allows the company to avoid the resource demands and uncertainty of a trial as it continues to seek meaningful progress and that's J&J officials saying that yeah I mean these things so that that's an appeal now but the bottom line is that you know 20 million versus 572 yeah that's a tough deal man seems like chump change compared to the damage that they've done oh yeah there's no doubt 8779276648 stay right there folks we got our man Mr. Teddy cake stack coming up we are going to be talking currencies and they are moving down down 438 and as they got 119 s&p's off 45 we'll come right back if you're in the CD market and looking for a secure investment the Tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in st. 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That's 4x-trading-unlocked.com. Teddy Cakes, that, I can't believe it's a week later already, man. Holy cow, man. These are going quick. How about it? How about it? We've got some interesting things with the Dixie on its highs, right? Yes, we do. Yes, we do. Talk to us, man. All right, well, why don't we start out with your favorite currency, the Japanese yen. Good, perfect. Dollar index is strong, but it doesn't seem to be impacting the yen. The yen seems to be a little bit stronger. So we had a rejection of, two weeks ago, we set a higher move high in the US dollar yen trade, and since then, it's been under pressure a little bit, and then we had a spike high yesterday, failed to make a higher move high, and now it reversed gears, and today we're all off. Or if you pull up the chart right now, you can see that the market is going lower right now. Yes. I can, that half of 44 ticks, yeah, look at that, man. Yeah, and you didn't get back in that range, man. I mean, that was from, well, that big down day. What was that? That was August 1st, right? That's when we went from that 109 to 107, right? Right, now here's an interesting thing for your listeners. Yesterday was October 1st. We had the beginning of a month. A lot of times you have moves that are initiated at the beginning of the month. We had multiple markets that spiked against the dollar, or with the dollar, you know, what have you, yesterday. And the dollar index started off very strong today. It was very interesting because it started to go against those pivot points from yesterday, initially this morning. Yes. Okay, so dollar index was higher all night, and especially before the US stock market opened, the pound was lower, the euro was lower, the yen, however, the US dollar yen was lower. So that was not going the way in the dollar index whatsoever, okay? Now we have another interesting thing, the US dollar Swiss, that had a similar cell signal yesterday. They crossed parity, okay? For the second time, as of late, but then they rejected it, and it looked like it was a failure. And then like a balloon underwater, the Swiss of all the currencies shows dollar strength, and in a very, very big way. So I think that we might be coming to one of those inflection points again, you know, especially since we're at the beginning of the month, or the US dollar yen, this little cell signal that's going on from yesterday is following through today, maybe setting the trend for a while, especially because member of the Fed, they cut rates again, you know, just recently, where I thought they were gonna hold off another month, and then they also came up with the follow-through that they're likely to pull some more bullets out of their pocket. Right. So the bear, the US dollar yen bear, I think it's back, even though we have trade talks coming up next week. Yeah, no, you know, it's so intriguing to me that they, I mean, gold got smoked last week, but it came right back. And, you know, when you're looking at the gold market, I mean, it's amazing we're still at $1,500 at highs. So it's like, okay, you know, if the dollar gives it up at all, you know, you're really gonna get some action here. Sure. But each and every time that it seems to come off a high, just we haven't got any follow-through on the way down yet, you know what I mean? Now here's the other interesting thing. Like I said, the dollar index today showed all the strength overnight and coming to our market opening, all of a sudden it's falling back a little bit. I think that this signal, this might be a good inflection point because yesterday the euro spiked low. Now that market's been trending lower for the past month and a half. Right. Pressing that lower boundary of support. And it's usually when it gets to this 108 half to 109 half area, that's where no matter what's going on, the euro seems to find a base and gets another like rally. I don't know why it seems to be it. Right. So yesterday we had a piercing line formation, another JFV's candlestick signal, you know, and initially the euro US dollar was lower today. It looked like that signal might fail like it did in the Swiss, but it didn't. Now it's higher. And then the pound also did the same thing. It spiked low yesterday, it was trading, I think it's slightly lower right now, but it's at the upper part of its range. And it's actually, if you look at it. Yeah, it is. I can see it. It rejected that one, two, two, seven, right? Yeah, one, two, three, zero, three right now. Yeah. Right, and remember I mentioned the US dollar Swiss. I looked at the Swiss versus all the other major currency crosses on last night. The Swiss was totally strong. So all of a sudden this morning, we get this snapback, like it's like a knee jerk. I think that you might see the US dollar Swiss turn around and reverse gears. And if it does, then I think you'll see a sell-off of the dollar index for at least like a week or so as we head into the trade talks. Yeah. Man, there's so much different movement. I was listening to Bloomberg and one person was bringing up the chart. And then the other person was saying, well, I think it's pretty easy. You know, it was a fundamentalist, but when they said it, it was just amazing. And what it was is that they said, well, if you go back to like 2000 and trade in the US dollar was like one trillion dollars, all trade around the world, right? If you come to today, I forget what the number was, but it was like five to seven trillion or nine trillion. I think you told me it was 16, but whatever it was. And it was outrageous. I mean, it was like, and, you know. Wasn't everybody using the dollar in 2000? What, right? I mean, that's, yeah, of course they were. And so, you know, it was like, when you're looking at that aspect, I was like saying, is there only gonna be the dollar left? I mean, if that's what all trade is, and she wasn't just talking about the United States, she was talking about two foreign countries outside of the United States still trading in US dollars. Sure. You know, which you can see why it's gonna make sense. You start trading, you know, and all these other currencies, man, you better have it hedged out in a big way, right? Ultimately, everybody wants US dollars, even if they're using other currencies, even in multiple currencies, eventually they wanna somehow cash out into dollars because it's always the most stable currency. Right, right. Hey, you know, let me ask you something. When, before the Euro came in, I know you were still trading currencies then, that must have been really wild, right? That there was all these different currencies, right? Yeah. Absolutely, the DMARC, well, that was when the DMARC was a really big deal. I see, okay. I remember when I was on the trading floor at the market, that the currencies, when they still were flying in the futures pits back in the early 90s, the currencies were crazy. I mean, they were absolutely nuts. And the DMARC pit, the DMARC pit and the YEN pit, those were the two biggest pits there. Were they? Okay. Okay. The DMARC was, that was the big, I mean, the pound had huge volume, but it wasn't the most actively traded contract, you know, except for when it was really busy. But on any given day, the DMARC, that thing was crazy. And that was before you had an EU. That was when it was just Germany, you know? Right, right. And that also reminds me, we have tomorrow retail sales coming out for the EU. And that's a big deal because they just downgraded all their forecast for GDP and all these things for the next year for the EU. So if they get a nice positive spike for retail sales, which would obviously be coming out unexpected, then that would help to fuel this little bounce in the Euro-US dollar that might be starting to form right now. Yeah. And, you know, I mean, you can see the S&P, I mean, the indices are getting smoked out here today. And it's really going to be interesting to see, okay, what does that do to the currencies? If anything, you know what I'm saying? You know. Right. You can get those trade talks coming out tomorrow. And remember Boris Johnson was speaking, and there's a whole not sense now with Brexit going on. So we have this timeline. We're three weeks away from Brexit deadline. We're three weeks away because next week is the trade talks. And we know next month there's a bunch of deadlines for that too. So we'll see if they manifest. So be interested. We're never ending cycle of news right now, man. Amazing. Yeah. Listen, folks, every trading day, you can go over to forex-trading-onlock.com. Check out Teddy forex-trading-onlock.com. Teddy, you have a great safe week, man. We look forward to speaking next week. Thanks so much, Teddy. Take care, man. Stay right there, folks. Tommy and I are coming right back. Dow's down 465. Now it's off 128. And some peas are off 27. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trade that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, six, and three months. 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Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two-week free trial to the opening call, Basil's daily trading newsletter by visiting the front page of tfnn.com. Cancel it any time during that trial and pay absolutely nothing. Get your two-week free trial to Basil's newsletter of the opening call today by visiting 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. Dial is down 455, Nasik is down 124, S&Ps are up 46. And those notes and bonds folks, they're in a confirmed ABC structure up but they're catching a big bid now. You get the 10-year up 14 ticks, the 30-year up 24 ticks, and you can see this yield. I said, maybe we're at a 1.59 handle with that kind of move. We sure are, man, just since we've been on the air. I mean, look at that drop. This is not normally what happens, man. From 1.63 to 1.59, you back things up yesterday at 10 a.m., even 8.30, we're sitting at 1.75. So you drop from 1.75 to 1.59 in about 24 hours. And then watch this inside the 10-year. The 10-year, folks, could be a very large, the yield, ABC structure on the way down. And it's gonna be really wild if it is. Well, actually, we got a small one. What's the small one? The small one's gonna bring us down here. The small one would be, what, 1.9, 1.7 about. No, that was 1.62, I believe. Oh, 1.62, oh my God. Okay. That's like 0.28 off, so-called one, but that'd be like 1.47 it would bring it to. Then 1.42 is a low. So we're going after the low. Yeah, no matter what, 1.5. That's not the low. The low is 1.31 or something, but. Sure, it's the all-time low you're talking about. The bottom line is that. But that is an important low from the end of August. It certainly is, man. When you bring this on a bigger aspect, it's like, man, that was not even a bounce. No, no. You put it on a monthly, not even close. And you have the TLT. The TLT is in an ABC structure on the way up. And what's interesting, at the news update, you did the Lana. Lana came up with numbers. Lana was an ABC up, too, folks. You don't have his look when Tommy had done it. Lana was taking on his B-point, taking it up with volume. So we'll jump around. The VIX 2086, we'll take a look at Lana right now. Let's pare back a bit. So 1.38% and finishing up with oil. 52.76, the price accrued. Quite a move. Stay right there, folks. We've got the fast market coming up next. And we get on, man. Mr. Basil Chappan, Steve Rhodes. Wait, I'll be back this afternoon. Thanks, pal. Thanks, man. Yeah, we'll get them, folks.