 It's a presentation of T.F. 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 get a mic in Southern California. Hey, Mike, what's going on? Hey, Tom, nice to talk to you again. And I have to start out and first tell you, I love this trading room. This thing is great. This app works great. And getting all the information, you're like instantly there, no delay, nothing. I know. I appreciate you growling proud with us. Your channel is in my pocket all day long. It's wonderful. Thank you, man. Thank you. Now, Tom O'Brien. Welcome, folks. This is Tom O'Brien of TFNN. We have 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 your focus on grows. Hope everyone's having a great day, safe day. It's like you're a great night, folks. Be impeccable with your word. Release the need to be right. When you believe something, you assume you are right. You may even destroy relationships and not defend your position. Let go of the need to defend your position. Mic it wise. Let's take a look at it out here. We have the Dow Industrial's down 169. Nasdaq off 103. S&P's off 31. Gold. Gold contract up $8.60 trading at 2015 and ounce. You get silver. Flat, $25.54 an ounce. Light sweet crew down to buck 87. Trading $77.29 a barrel. Notes and bonds. You get the 10-year note. Up 14 ticks, trading at 1.1420. The 30-year up 19 ticks at 1.3010 and King dollar. King dollar trading down 107 at 101.860. The Euro at 109 at the end at 134 and the British pound at 124 to one US dollar. Our phone number is 877-927-6648. Give us a call, folks. Well, I know what's going on in your world. Well, let me get this. Sorry about this, folks. One second. Let me get these shots up. Where are you, man? Tiger TV. There we go. Tiger TV. That. There we go. So let's go take a look at the S&P first. What do we have? We go look at the futures. We bring these futures up when we're just doing the update there. This market here wants to break out its lows right now. So this is going to get pretty intriguing because it could be a nice ABC structure down. So what you have here, you can see bottom line. You came up to the highs of yesterday. You filled the gap inside the spy, but the futures don't have a gap, of course. Bottom line is that we are at, let's see, you're at nine minutes. Well, it's going to need a little more volume. You're at nine minutes in order to get an ABC structure down. The number you'd be looking for is 414550. We're at 414625 right now. It doesn't look to me like it's going to have the volume on a 10 minute to break it. Well, I get 309 right now. So you need 54,000 contracts. And thus far, you only got 39. So when you see something like this, what very well will happen is that it will go back and forth for a few minutes. Because to see this long-ranging bar, folks, we had the long-ranging bar that someone sold into this in a monster way at 61,000. They'll do it again. That's how this normally works. It normally just doesn't go, normally not. It's a one trick pony. That's my point. You know, when you get a monster that's out there selling, they know exactly what they're doing. And it's, OK, I've got to break this down. And if it does get broken down to your next level here, let's see. So that's interesting. You can't even go back. Huh. No, let's see. Nine days. I'll bring it. There we go. So we take a look at this. This would be a big level to break here. Because we've been hanging out here, man. Your next level, you have what, that 41.39. That's not enough. You'll go all the way down to the end. You go to 41.12. If this breaks, this will be 41.12. It'd be pretty easy to get there, too. If we go to the NQs, we take a look at the NQs out here. What we have with the NQs, this is interesting. The NQs are stronger. The NQs bottom line, they've come down, but not like the S&P, man. Yeah, I mean, the NQs will still have to break the 13046 in order to get traction on the way down. And that's just, that was, that's today's low. That's how we went topside, you know? So we'll see how that shakes out. Gold, we look at the gold contract out here. What do you have with the gold contract? Gold contract right now trading up $8.60. You get 156,000 contracts traded. And you're going to need a lot more than that, man. That's the bottom line, is that this gold, to me, you know, what we did yesterday, you came down and you rejected lower price, but we had volume out there of 211,000 contracts. So that's going to get back down there. To test that area, if we go into the treasury market, we take a look at the treasury market. What do we have inside the treasury market? This one's higher price, lower yield. So the treasuries, let's pull this out a little and see what kind of retracement we just did. So the treasuries did just over 0.382 retracement. From the lows to the highs, starting to go higher again, that's saying the treasuries want higher price, lower yield. And then if we get our heads wrapped around the dollar, the dollar saved itself again off of these lows. You know, the dollar hit 101, 632 today. It's a couple hundred bucks above that, points above that, rather, ticks above that. Not really a lot of action there, but what I suspect was I said at the beginning of the three o'clock hour on that update, I think what happened here is that, you know, it's so wild folks, okay? Markets pay attention till they don't pay attention. And then they don't pay attention until they pay attention. And what had happened is that I'm coming out of my car and I'm listening to this interview and simultaneously when I get back up in the elevator, the market is tanking. And simultaneously, and what that was about was that the interview is about the debt ceiling. And you know, listen, plenty of folks are staying on a continual basis that, you know, this could be a problem. The difference was this, the senator that they were interviewing, what he was talking about is that, hey, listen, he had wished, the Democratic Senate, he had wished that they had done it on October when there was a lame duck session so that the Democrats ruled everything they could have done, that debt ceiling expansion, they didn't do it. Bottom line, now there's gonna be a fight, right? And then they asked them, like, what do you think the probabilities are? Well, the probabilities, he said, well, the probabilities that we'll get it down is just a little over 50%, it's like, okay. And then simultaneously, had BlackRock come out saying that they didn't think that people were taking this seriously. And, you know, we know it's selling, and we also know that this is the place that if the market's gonna fail, this is where it's gonna fail, you know, because you've come up to the highs of this consolidation. Now, the danger thing is that, you know, you didn't make the high, it's rounding out. But, you know, you get that high volume low, so the consolidation's still in place, and, you know, there's so many folks that are saying that, hey, man, I think it's, you know, that's top of the range, well, guess what? It's probably a self-fulfilling deal, right at this particular point. Stay right there, folks. Get out, man. Mr. Tim Ward coming up, and then after Tim, we're gonna have Fred Ernest, the CEO of Vista Gold coming up. Stay right there, folks, come right back. 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Internationally at 727-873-7618. Welcome back, folks, to Dow. Dow investors right now trading down to 215 to get the Nasdaq off 132, S&P's are off 39. Let's get over to our mam's to Tim Ord as we do each and every Thursday at 20 past the hour and you can reach Tim folks at all times at ord-oracle.com. Tim Ord, what's going on? Yeah, thanks for having me on. Thanks for having me on. Did you get my charts? I sure did. We have them up here ready to rock and roll. All right, all right. The first chart, I think that Pring, remember him, he's actually older now. Martin Pring, yeah. Robert Pring, anyhow, he came out with a inflation thing, a deep anyhow, I made a ratio out of it. Okay. And so that window down, you know, the top one of the RSI for that inflation, deflation ratio and below that is the inflation-deflation ratio itself. Okay. And this chart goes back to, I don't know, 2000, I can't quite see it, I don't know, goes back to 2000, what, 13 or something. Anyhow, so anyhow, when the ratio is rising, then the inflation's outperforming deflation and vice versa. And so I stuck an RSI to this thing and it works pretty well. So it gives a bunch of signals, not very many signals, but it gives about a signal a year, give or take. And the blue lines are when the RSI of this inflation-deflation ratio falls below 30. So the market's kind of getting hit or deflation's getting hard against inflation. So we got a signal back in August of last year because the RSI of this ratio fell below 30 and it turned up. And so this is kind of another signal. So this single, so this method gave a signal back in August and remains on the signal. The cell signals don't work quite as good. They give, when the RSI gets above 70, it's time that the market's gone up too quick. And a lot of times it comes sometimes early last year and nailed the top pretty good, but the one before that, it was kind of nailed a consolidation phase back at that 2020 timeframe and that market went down a little bit and came right back up. But you know, this is, I do a lot of different type indicators and I try to stick to the indicators that nobody else uses. The way it starts using an indicator, then it kind of puts work in. So I don't see anybody from this stuff I read around the internet. Nobody really uses this. That's why we love you so much, Tim. Go ahead. No, no, go ahead. I said, that's why we love you so much. You have indicators that no one uses. Yeah, so anyhow, I put it this way. We had last week, we had a I think an 18 day average uptown volume of mass client indicators that when they fell below 40, which they did again on last August, they kind of matched the signal here. And when they get above plus 40, which they did on April 4th, I think that's the one we covered last week. And what that implies is a surge pattern and that surge pattern usually has a rally pattern that lasts four or five months. Well, I gave a bicycle in March of this year. So you had four or five months to become of August where the surge pattern may end. My point of that is if this indicator of the inflation-deflation ratio, RSI reaches up around 70, say in August or September, that would go well with the other indicators suggesting they see a top in August or September. So I think we may have a rally all the way into August, September. Then from there, it may take a rest. Right now, the surge patterns are pretty rare. So you kind of want to get on them. Everybody's probably calling it a hi here. We had a heck of a good rally, but on the surge pattern, you'll have minor consolidations that may last maybe one or two weeks, but not a month. So I still think this GDX thing is still in a buy. And in general, we're going to work harder, probably higher all the way into August, maybe September. So we'll have to wait and see. Nice, okay. And then the next shot, let's see. The next shot, I got the monthly XAU shot. Yeah, it's a monthly XAU gold ratio, which is in the middle window there. And this, I took it back as far as it could go when it goes back to about 1984. And what I want to point out in this chart, from 2014 to now, the ratio, XAU gold ratio on the monthly timeframe really hadn't gone anywhere. It's just gone sideways. And in my opinion, this is building cause for the next move higher. Gold stocks, they really haven't done anything since the 2000 low. They really had a screaming market from about 2000 to 2011. And you could buy anything and make a lot of money. Right. And it went down. And gold right now is, you know, Robbie speaking has done a lot better than the gold issues. At some point, I would expect this XAU to gold ratio to break out of this sideways pattern. You know, the Bollinger bands are kind of squeezing. I drew trend lines on this chart, going back from the previous highs and previous lows. And also connected to the previous highs going back to 2014. So we're in a kind of a tight range. And it looks like we're trying to break above the downturn line, connecting the highs, going back to what, 1995. We're kind of on that line right now. Yes. And I'm thinking what we're going to do is probably go back all the way back up to 0.175, which is that trend line we broke down through on my eyesight snap. Yeah, and I see it. I see it. But we had a sharp break down below 0.175. And we're kind of building a base way below that right now. I'm thinking we could have a sharp rally back up to 0.175 and from 0.175 from there, I'm not sure. But, you know, things can only remain unfavorable for so long. Gold Fox are not going to go away. There is an industrial metal along with silver. So it's not some product that you don't need in everyday life. At some point, it's going to come back in favor. It's probably going to come back in favor in a big way. Yes. I don't know when, but we get above the upper trend line, which is on 0.09. I think you're going to see a big burst in these gold stocks. That's my personal opinion. Nice. And then the next shot, the next shot, we're talking about the S&P, Tim. S&P, the bottom window is the VIX. Yes. And I do the shaded pink area at the bottom. Yep. So when the VIX got below 17, we're right around still 17 today. And a lot of times when that happened, the market was at which is the blue area posted on the chart on the S&Ps. So every time it got this low, it actually kind of implies that we're kind of in a trending market. I think that's what we may be having here. If the VIX remained high, say, around 20 plus, you got a big downtrend going or a kind of a very scenario. If you get below 17, I'm thinking you're heading into a trending market. Also, if pre-election years, which is this year, April's up 94% of the time. And it's January's up. And a pre-election year, which it was over 6%, April's up 88% of the time. So even though we're down today here a little bit, I think April's could break above the recent highs of 410 on the SPY. OK. Well, listen, man, we appreciate the update. We look forward to speaking in the next Thursday, Tim. All right, thank you. Thank you. And folks, you can reach Tim at board-oracle.com. Stay right there, folks. We'll come right back. HUI, JDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting tfnn.com. Don't miss out on the next great gold trade. Sign up today. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure. 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Dow Industries right now trading down 209, Nasdaq's up 143, S&P's are off 40 and I'd say we got a movie coming up folks so this is just coming across the tape and so up in the Pearson airport up in Toronto, the bottom line is that someone just hijacked. Check this out. 3,600 pounds of gold missing. Over a hundred million dollars worth of gold and as we know the Canadian Mounties always get there man so this is gonna be interesting. So here's the number. The Canadians National Police Force to investigate a heist and Canada's largest airport that may have netted thieves a hundred million. The Royal Canadian Mounted Police confirm that they are looking into a gold robbery at Pearson International Airport. Gold mining candidate travels through Pearson on its way to the customers around the world. Bottom line is that they're missing 3,600 pounds. The Toronto Sun reported the gold being moved to the airport had been stolen. So it's like this is where this is gonna be a lot of questions like who has the insurance? Who's gold is it? All right there's gonna be all these things that are out there which is pretty intense folks no doubt. Let's go take a look at the NDX 100 and take a look at the strength versus the weakness inside the NDX. And we have out here you got lamb research up six and a half percent. Amides up three and a half percent. Clacks up three and a half percent. Taken away from it. Tesla's down 10 percent. You got Lucid off six and a half percent. Rivians off four and a half percent. Marvell technology is off four percent. And if you didn't see the rocket today folks unfortunately the rocket exploded. It was pretty cool watching it going up. There's no doubt. And then what you saw is that it stopped moving like in circles actually it stopped spinning and then bam, unfortunately it blew up. So like Muskin and his team get a lot more work to do. We're talking about, well let's go to Tesla first because Tesla's getting smoked also. Tesla right now this broke. So first off they had the high volume low that's laying out there at 163. Blew that apart and it blew it apart with volume. So that high volume low had 191 million. Now the bottom were already 191 million. So your next step, the next low, high volume also is 101. And then the next one's 64 bucks man. So bottom line, if you want to see something too this is you know people brought this up a million times but you got Tesla even at these numbers at a 44 PE, okay? And GM is at a five PE, okay? Car companies folks run five to seven PE's. So take it forward it's worth. That's where I suspect it's going. Marbelle, Marbelle come out with numbers out here today. They're hitting Marbelle. Marbelle right now is down, or first off the low for the year is 14, the high is 21, pays a 6% dividend. It's trading down $2.11. Excuse me folks. And this has some volume behind the move. Let's see what this is doing. Oh it's going to take a lot to break down though. Yeah, because this, okay so the top of the high volume low here is 1850. Yeah we'll see how far it gets into it. Right now you're at 1750. The bottom is 1456. Now you get a lot less volume that's for sure. But you need a rejection of lower price also. That's what you'd be looking for. We're going to take a look at the oil market. What do we have with oil out here today? Oil's trading down to buck 87. Yeah it's into the gap. We're talking about this yesterday. So the bottom of this gap which folks are going to be looking for is 75, 72. 75, 52. So 75, 72. Just dropped right into it. Now what's intriguing here, watch this. If we put this up on a continuous contract, even with the Saudis basically pulling the wild card and bringing production back, this had a high time taking out swing points. You get up, you get over it, and then you gave it up in spades. We were over it, let's see. Look at this, actually we never closed over it. Let's see. Yeah this is bad, this one's lower price man. Yeah, so 76.90. If you get below 76.90 you're going to see some real downdrafts inside this oil market. So we'll see where it shakes out. That's pretty intense though, there's no doubt about it. 877-927-6648, let's see what we got here. Let's see what that S&P's doing. So S&P get down 40, you're only on down 35. Pull this back, whoops, no, this way, then this way. Okay, so I gotta pull up. Yeah, we still got a high volume low man. That if we go over to the spy, the spy is a small ABC down to 409.10. And right now we've hit 410.27. And this is an interday ABC down by the way. Yeah, plenty of time to hit it too. As you can see on the spy, this 10 minute bar, we are in, yeah well there's only six minutes into it, but it doesn't look to me like it's gonna get 2.8 million. Right now you're at, well you have 1.2. You could four minutes, you never know. But bottom line is that you did break the B, you broke the volume, interday. You know the B point had 2.1 million shares. You took that out with 2.8 when we came down. So these interday ABCs, let's see if the Qs did the same thing. The Qs, the Qs had been stronger, and that was because of those chip stocks. So the Qs, the B point 1.6, 1.4. Yeah, the Qs didn't do it. That being said though, the Qs are having a high time holding price also. It looks to me folks that we get a slow roll. So what a slow roll is, is that it tries to get the higher price, and I've been talking about that swing point for quite some time, but my take is it's not gonna happen now. And this was interday today. I put an update on the newsletter, and what it was is that these are really tricky and they're subtle, but it's like okay, you start slow rolling about 10 this morning, and what was happening is that when you were coming back up to the higher level, it just couldn't handle it. And slow rolls are pretty dangerous actually. And then this high volume lows is hanging out here. So that's what I think we have out here. And what you're gonna see, so you're gonna see this already, you can see the volume is expanding already. You know, what you have out here is that you have the volume right now. You see that expansion by the end of the day, that's gonna be an expansion of volume inside the market. Let's go take a look at Amazon for a couple of the Tigers out here, and Amazon's having a high time getting a higher price. Look at this, you know, yesterday you got up to that price point of 105.12, today you got to 105.25, volumes contracting, high time holding price, you know. The way that baby, excuse me, folks, the way that baby's set up is, you know, it looks to me, more than likely what we're gonna see is that the doll's probably gonna stop moving on a counter-turn bounce, getting a little bit higher. You know, stay right there, folks. Look at that, man. Mr. Fred Ernaz coming back is gonna get us an update. The update today, folks, is gonna be really intriguing because it's an update on policy in the Northern Territory of Alaska, of Australia. Stay right there, folks, we're coming right back. We have the Dow Industries down 179, Nasdaq off 125, S&P's off 36, we'll 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. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. 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TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den, available to all tigers and tigerses for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. This program is brought to you by Vistagold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks, a Dow. Dow Industries right now down 177, NASDAQ's off 121, S&Ps are off 36. We have our man, Mr. Fred Ernest. Fred is the president and CEO of Vistagold. We happen to own Vistagold. Fred Ernest, welcome back to TFNN. Tom, good afternoon. Thanks for having me. Great to be here. I'm so happy to hear. I've read this news about the Northern Territory government. And I mean, I want to talk about Vistag and how this relates to Vistag because this is like, you do a lot of development in the gold market. I do a lot of development in the real estate market and a zoning change is always good. So explain to us like what may happen here. I guess this is just a final report, Fred. Is that correct from the Mineral Development Task Force? Yeah, that's absolutely right, Tom. A year ago, they formed a task force to evaluate the things that are keeping mining investment from happening in the Northern Territory. And we've been lobbying for years to have reforms in the royalty scheme in the territory. Presently, and what we included in our feasibility study, the royalty that we would pay to the Northern Territory government under the present net profits proceeds regime would be about the equivalent of a 7% to 9% ad valorem tax. And then ad valorem tax is the way that Western Australia and other states in Australia tax the mining industry. Western Australia, for example, has a 2.5% ad valorem tax on gold projects. So you can see that there's a huge disparity. Now, the royalty reforms haven't been determined, but the recommendation is, is that the government needs to change to an ad valorem structure. And we expect that it will be something in the range of three to 5%. And so you can appreciate that when, like in reusing your real estate example, when real estate taxes go down, it's a good thing. Yes, yes, because it makes the aspect folks of more investors, you can hire more workers. There's a whole flow that actually does happen down. You know, there's not a trickle down. It's kind of, it's pretty immediate because if you're going to banks or you're going to investors to get money, well, you know, if you have a, you know, a two to 3% difference when you're talking millions, it's quite a bit of money. Absolutely, you know, and another part that is being recommended is that there be some sort of consideration so that in the early years of a project, when the project is paying back the capital investment, that the royalty rate be decreased, thereby allowing a little bit more space for investors who really take the risk of the project to receive some cash flow in those early years instead of just all the money going to the bank. We think this is a tremendous win for the mining industry and especially for the Mount Tuck Gold project. And Fred, can you explain, you know, my understanding is that, you know, VISTA has the biggest project right there in a tier one district. And if we go back, like we go back years, was this always like a large district and then folks just move somewhere else? How, what happened in this district? Well, so the mining district where we're located is the Pine Creek District. It's been a gold producing district for over a hundred years. Deposits have been developed, mined out and closed. And so there's been a little bit about, you know, flux in the activity in the Pine Creek District. And inside the territory, and recognize that the territory is a huge place geographically, like the size of North and South Dakota, Minnesota, Kansas, Nebraska, Oklahoma, Missouri, Iowa, and Minnesota, if I didn't name that. It's a big place. And yet there's only a quarter of a million people that live there. So it's largely unexplored. And the reason that it's unexplored is because why would somebody spend money in the Northern Territory to so they could pay the tax that we've been using when they could go to Western Australia and pay a tax that's a quarter? I see. So our structure trickles down and has impacts on business investments. And like I said, we've been working with government for years, but when they form the task force, we were able to meet with the task force, explain our position, present hard data. And I'm very pleased that they've seen the light, so to speak. I think this is just outstanding for us. Yeah, I know. And it's very, it's common sense too. I mean, you know, in many businesses, it's hard to basically pick them apart. But in this particular case, you can see, you know, I mean, if we just look at the United States, you know, these cities, they have incentives so that money comes in, you know, and businesses come in and it works. I mean, you know, people sometimes if the incentive is too big, they'll, you know, they'll say, oh, that's no good. But the bottom line is that incentives like this actually work. So let's switch gears for a little because this last time that I had you on, you know, this gold price has got some juice also, you know, so that's encouraging in the aspect of where your feasibility study is, you know, versus where we are. And I do understand that like, when you're doing feasibility studies, I mean, you have to bring the price of have the price of gold tremendously under kind of where we are, right? Is that how this works? Yeah, we typically use a backwards looking gold price through your average, you know, we do use a conservative gold price. Right, right. And the project in general, is there any updates here? I know that, you know, we're, you know, are there any updates inside of that project? Well, you know, just so we're talking about gold price, you know, the current gold price offsets any of the impact of inflation over the last year and a half and combined with the potential impact of the change in the royalty. And we're gonna have to wait almost a year to find out what the change in royalty are. But those two factors combined adds somewhere between a quarter of a billion and $400 million to the NPV of the project. This is nice. I mean, we've always talked, you and I've had conversations about the leverage to the gold price. Yes. And gold price, it makes a huge difference for Mount Todd and when it goes up like it has, I think we've benefited as much or more than almost any other developer in the value of our project. Yeah, you gotta love it. Well, listen, it's always a pleasure having you on. I'm really happy, you know, for you in general, for the company, in particular folks, because, you know, like all of us do a lot of work, folks, it's easier to do in work when it's kind of going with you, right? Do you know what I mean? It's, you know, we've all had it both ways. I mean, I'm just not talking about, you know, Mr. Gold in general, but things are always easier for all the work that you've already put in place. And it seems that, you know, the gold price is where, you know, it's going higher. The dollar is pulling back, you know, it seems like, Fred, I mean, all the currencies are pulling back. That's kind of the reality out here, you know, around the world. So people are getting, you know, I don't see a crash in the dollar, but I can see that dollar going back to 90, which is, you know, which would get that acceleration going in a big way. Well, listen, this is always a pleasure, Fred. You have a great one, safe one, and we look forward to having you on again. Very good. Thank you, Tom. Thanks, Fred. Have a great one. Have a safe one. Stay right there, folks, we'll come right back. We have the Dow. The Dow industrials, let's see where this baby is. And Vista, by the way, folks, trades on the NYSE American VGZ. The high Dow is up, down 189, NASDAQ's up 125, S&P's off 36. Stay right there. We'll come right back, folks. 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. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back folks to Dow down 150 Nasdaq's down 113, S&P's off 31. So let's take a look at these indices. What you're gonna have out here I suspect is a failure in price and volume. Well, you know, you just, you're going lower and you have an expansion of volume. That's what's happening out here. So coming into Friday, I suspect that we're gonna have lower prices out here. I think this, I think we gotta turn. And you know, I don't expect the volume to be big tomorrow, but as we pop into next week, we can get some volume. So if that's the case, what you have here now is that you have the lower swing that's gained once again. You know, and the lowest swing out here is that 380 inside the spies. And if we go into the cues, look at the expansion of volume in the cues. That's a big one, man. We had made a high at 46 million. We're already at 55. We'll do about 65 million on the cues. You know, so we'll see whether the cues are gonna basically, the cues in the spy if you're just gonna gap away in the morning. So one of the heads up this morning, too, by the way, folks, I hadn't talked to them about this for a while, was the DAX. The DAX bottom line this morning, couldn't hold price. And that's where I got the heads up, that you know what, I think we're gonna turn in this spy because the DAX has been up at the same levels. They've been up high, no volume whatsoever. And then they've had small price spread. You see how tiny, if you're watching Target TV, see how tiny those bars are? And then, you know, intraday today, this was down. I won't get the volume till tonight, but it was like, okay, you're turning, but that's, you know, this is a one world market, basically. And you know, there's plenty of our funds that are over there and they sell, sell, sell us. They're selling, you know, before they close, bottom line, it transfers right over here most times. We go to the GDX, let's take a look at the GDX out here. What we got with the GDX, let's see what we got. Yeah, it didn't hold price in that light volume. See this, yeah. This is, they, these weren't lower price right now too. The GDX, we're at 34, 65, not the end of the world. There's plenty of volume, you know, but, you know, this was a big run. I mean, the GDX went from 26 to 34, not 36, you know. So the .382, five-hour retracement is healthy. Always remember, folks, to back and claw your heart out of the book and run you over. And thank God, there's always another trade. Come back tomorrow morning, time to get a great show at nine o'clock. Wee!