 Welcome folks. This is Tom O'Brien a TFNN We go five days a week. We go seven hours a day We go 24 hours a day in the internet at TFNN comm always remember folks What have you think about you bring about whatever you focus on grows hope everyone's having a great day safe day It's making a great night folks Except others the way they are You cannot change other people to try to change them to fit what you want is like trying to change a dog Into a cat or a cat into a horse. They are what they are and you are what you are Let's take a look at it out here. We have the now industrials down 199 Nasdaq is off 11 S&Ps down 18 gold contract trading down $27.10 at 17.08 an ounce We had silver down 84 cents 18 dollars 35 cents an ounce light sweet crude flat 96 dollars 69 cents a barrel notes and bonds a 10-year note trading down 15 ticks at a price point Of 118 14 the 30 year of 28 ticks at 139 15 and King dollar King dollars up 656 ticks trading out at 108 614 the euro is flat one US dollar to one a euro You get the pound a 118 to one US dollar and you get the yen at 138 almost 139 to one US dollar our phone number is 877 9276 648 give us a call folks one notes going on in your world and the world of the S&Ps Let's take a look at them. What do you get? Well, this is gonna get so intriguing folks and what I mean specifically by this is that We had another another rejection of lower price now this is could be Way to hear this man. This is my thought processes because this is a trip So the way this market is trading right here This is normally, okay, how you? Get into a longer term low And what I mean specifically is this is that when you get when you come down fast and furious, right? And then you know which we did and we got into this the spy got into 362, okay? Bottom line you rally for three or four days. You come back down. It doesn't get into the low You go back up you come back down again And the more that you come back down which we did again today And you don't have sellers it the market is telling you the bottom line is that this thing wants higher price So now here's the deviant pot is that looking at this market and looking where we're at July 14th, right? It's like, okay, you know When you look at the market overall Meaning each year by year you're coming into the weakest part of the year, right? And I'm saying oh, okay, so The question is going to be how far does this rally go and We'll see how it hits. I can tell you up, you know, let's go to the queues next, okay? Because if you take a look at the queues what you're gonna see the queues were down the most today came back Roaring back, you know that I used to talking about Apple I'm gonna get into Apple because Apple's an ABC up Apple's taking up the B point. It's an ABC up man So we go to the queues we take a look at the queues the queues had a low of 279 your 286 We go to the end queues and we take a look at those future contracts What you're gonna see is bottom line. You're down high and fast We're down at 511 and we're at 260 points off of that level Gold go take a look at the gold market would you have with the gold and you know need us to say this morning? I mean everything was smoked in a monster way We take a look at gold what you have with gold gold got down to a price point of 1695 you've done Geez this can't be me. Let's look at this again. GC Jesus, okay, so There we go 238,000 contracts. Okay, so let's take a look at this so we get down a price point of 1695 you're at 207 Yeah, and this had light of volume yesterday yesterday a big volume with 301,000 contracts yesterday today you get 238 and The bottom line is it's it's above 1704 50 and that's all it has to do to get the higher price Now, let's go to the good old US dollar We take a look at the dollar and what you're gonna see the dollars running the markets man That's the bottom line you're gonna take a look at this dollar and you can see that when you're basically taking a look at it that The correlation and next Next segment I'm gonna try to see if I can compare these So you can see just tick for tick. I mean it's tick for tick That's how this thing going inside the US dollar Bottom line is that we made it up to that 109 294 Just backed off a little he can see just a back off of a little so watch this folks, okay a Backoff of just a little on the s&p what it did is bring the s&p from 3723 Okay, the 3788 you're talking about 50 points as it backs off So, you know, we'll see on a longer-term basis, okay? You know is this dollar gonna basically back down a bit and give us some relief in the marketplace Well, it's telling me that it is and the reason I'm saying that Is the aspect that as your we don't have volume on side in in the currencies folks Okay, we do have volume in the indices and the indices don't have any more sellers So when you don't have any more sellers, it takes hardly any buying to get to much higher price That that's how it basically shakes out the Wild card in my own head at this particular point is the aspect, okay? Are we talking about Like a real long-term bottom meaning two or three months and we might you know because what I've found is that the more that you Keep trying to jam bottoms and you cannot get them and you cannot get any more selling. That's when you get yourself Bounce that's pretty extraordinary and we know by looking at the market. It's all about this good old US dollar You know, so we'll see what there's gonna be any kind of intervention and the intervention I suspect would be coming in the yen because you can take a look at the yen. I mean the yen You talk about weakness. Okay. It's just so weak. It's extraordinary man I mean look at this and so pitch this if you had you know yen I mean it went from four months ago was a 114 You know bottom line, you know your fourth 114 and you're at 138 That is they are losing money hand over fist as to what they can buy iPhone numbers eight seven seven nine two seven six six four eight We have the dial industrials down 150 Nasdaq's off three S&P's off 12 will come right back