 Welcome folks. This is Tom O'Brien or TFNN. We're gonna have five days a week. We go seven hours a day We go 24 hours a day in the internet at TFNN.com Always remember folks, whatever you think about you bring about whatever you focus on gurus Hope everyone's having a great day safe day. It's making a great night folks Always do your best express your own divinity You don't need the acceptance of others. You don't need knowledge or great philosophical concepts You have the right to be you and express yourself Express your own divinity about being alive loving yourself and loving others Knock it wise. Let's take a look at it out here. We have the now industrials trading up 81 Nasdaq's up 205 S&Ps up 33 gold contract down 11 dollars 30 cents trading at 17 16 an ounce We have silver off 5 cents 18 dollars 65 cents an ounce lights recruit off 2 bucks 102 dollars 26 cents a barrel Notes and bonds the 10-year note down 6 ticks trading 117 25 the 30 years flat at 138 18 and King dollar King dollar is trading up 341 ticks at 107 0 2 3 The euro is 101 the yen is at a 138 and the British 137 point five zero and the British pound is at 119 to 1 US dollar iPhone numbers 877 9276 648 give us call folks one notes going on to y'all world and the world of the S&Ps Let's take a look at them. What do you have? Well, it's going to be a kind of cool coming into tomorrow morning So this is what we have out here. Do you have? well first off Yesterday folks in the indices. Let me bring the indices up first because I want to show you and the indices We had the volume so as a coming off the low you actually got the volume right here 941 million versus that 897 and inside the NYSE we take a look at the composite you're going to see the composite 5.2 billion versus 4.9 So bottom line is that you get a move and you get volume behind the move which is always cool now The S&P first is dealing with the swing So what happened with the S&P this the swing on the S&P was 72 million and we did 78 So that also had it now the swing the major swing, however is 393.16 now It looks to me like we're going to close over that area today now if we don't close over that area we're going to get Divergence right now bottom line. Let's go let's go bring up the futures there for a second because what you had you had markets running all day long Google come out and said That they're going to basically stop hiring for two weeks that brought the markets into lower price and what you had here Is that even when this market was running? Okay Bottom line you didn't have a huge amount of volume up here That's the bottom line you can see the first high that was generated at 47,000 contracts second high that was generated It did 26 so it makes sense that it goes south okay now all they did is came into strength That's the bottom line just commit to strength so That's a natural retracement particularly when you take a look at this child. I'm looking at you can see there's a spy went from well the S&P a mini went from about 38 36 up to 3977 we're not stopping basically now. Well now overnight you had a kind of pullback okay, so When you go back to the spy that number that we're going to be watching the spy is going to be crucial for tomorrow morning I'll show you why so inside of the spy this spy right now We're at the 395 and it would have to pull back two points in order to basically have a failure now Let's go to the cues because the cues the lead this market the cues have the volume behind it The cues want high up price and after the market closed today We're going to go to we'll go to Tesla because Tesla's come come out with earnings, which you know bottom line if they can pull Earnings off. It's going to be good for another you know 20 30 40 points on the side the S&P okay, so The cues the bottom line the cues you had 54 million right at 52 the cues are going to do it They're they're broken the lot the consolidation that was in that said the cues want to go to 314 We go Here's the it's going to be the dollar man. It's not this dollar is something else man There's no doubt about it So if we take a look at the dollar what you're going to see is that you're you're up you're up 371 right now you're at 107 05 and Anything above 106 792 is saying the dollar can go higher That's how this is shaking out man because it came into the highs of The strength and rejected it at this point and what's going to be intriguing of course is that it's going to be tomorrow morning? I believe that the ECB is going to come out and say okay. Are we going to go up on rates? That the intriguing thing about it is that when I look at this right it looks to me like the euro is going to go right back down to 99 and If that's the case then what you're going to get is that whatever the ECB does It's going to throw a wrench inside the dollar and pop the dollar again So now let's get let's get a little deviant there because the market loves being deviant so picture the the The number comes out tomorrow morning and because the NDX folks are so strong You just want to pay attention to this because if we get a fast pullback My take is that that's going to be a buy Because of the fact that we know Inside the NDX 100 right now that we have the volume and it's really it The trade would be a lot easier if the if the spy actually failed because then it would be saying to me that okay You're going to get the pullback when that announcement comes but guess what that's going to be a slight pullback and you're just going to plow Faster forward once again Tesla let's go take a look at Tesla Tesla's going to be coming out with numbers after the closeout here Let's see what we have here so Tesla right now the low for the year is 620 the highs 1243 They are going to be looking to put Let's see what we have here. They're looking to do 16.9 billion which is lower than the last quarter by 2 billion and $1.83 to the bottom line so their bottom line has got cut in half If we take a look at the equity Interesting look at you take a look at this equity the second he's going to need a lot more volume coming into the close Yep, so what you have here is this you're coming into 33 million at 764. That's way too well Yeah, no, this is this is this that this is not even close actually Volume-wise so that's telling me that we're gonna basically fail whatever Tesla is going to do here This thing wants to back off because the volume is way too thin In order to basically get into the swing point and to sustain higher price Stay right there folks come right back down industrials right now up 67 Nasdaq's up 194 S&P's up 30 will come right back Blooming inflation we are purchasing powers eroded there's no better place to protect your harder and money than ain't gold This the golds flagship asset is the month called gold project in the Northern Territory of Australia This is Australia's largest undeveloped gold project. 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Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a Frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive Informational edge you need to succeed These newsletters are packed full of Tom's advanced technical analysis in our gear to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free With our money back guarantee at TFNN.com TFNN educating investors Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24 seven newsletter at TFNN.com When you subscribe you'll get a weekly report from veteran day trader Larry Pesavento 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 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 seven newsletter today TFNN.com educating investors Welcome back folks down down investors right now trading up 89 you get the NASDAQ up 202 S&Ps are up 32 and Let's go Into the IWM for a couple targets take a look at the IWM. So if we take a look at this ETF structure folks the low for the year is 162 the highest 244 you're trading out at 181 Okay, so That had 25 million good, okay So this one actually took that swing out just about almost had enough volume. So yeah, that's saying that hey man the next the 190s game that's how this is set up, you know, it's it's you know, you get all those gaps on the way down 18 million today, yeah, you'll still you'll still like to 25 million tomorrow, which is not bad. So that's saying that that One on one 90s game, let's go take a look at the UUP. This is the dollar index folks the ETF structure inside the dollar index This is trading 2860 right now Excuse me folks Okay, so This little baby here Yeah, the way that the UUP is set up would be saying and that's what the question is is, you know Could that be a top and yeah, we're looking at that It definitely could be a top, you know That's how this is set up You know, so the problem that I have inside of the Currencies folks, okay, now this has volume, okay, but the volume that the currencies actually do are so huge Excuse me that You know, I'm not quite sure whether it's as accurate But the bottom line is that that that is a setup for top, you know So we'll see how this baby shakes out if we go and take a look at some of the higher volume equities in this market out here Today you got advanced micros up three and a half dollars. You get in video up eight dollars and 66 cents Coinbase look at that that caught a bid. That's wild. Coinbase is up by $10. That's 15% man That's wild. Tesla's up $9. You get uber up one 40s free and NVDA we were talking about in video with a tiger yesterday Bottom line, this is getting some traction man, you know, well, you can see they're coming into this big man You know the bottom line last three days watch on Monday we did 67 million yesterday. It did 70 million today is gonna be like 75 80 million So that swing point is game up there at that one 976 it just blew away the swing point at 173 You know that swing point I had 42 million. There's some heavy accumulation that's going on in here Let me just pull this up for a seven. I'm just curious We'll see if we have any bigger owners that have done anything if you watch and Tiger TV I'm bringing up the security ownership basically of Larger owners come on come on come to daddy Okay, I have to go back to that because that screen's frozen on me If we do go over to the S&P so check this out the S&P right now It's gonna be intriguing because it has a small ABC structure up to go to the highs once again Now the real question is gonna be folks is that if this goes to the highs too early meaning it's a 322 right now You know, I would rather this thing wait until quarter over something Look at this. What's going on? Okay, one second. Let's do it this way If I can get a new one There we go. Okay. Let me get rid of this one now Okay, so yeah, let me show you this S&P because this is gonna be intriguing if you get them you can see We pull this off see that last that what two bars ago that took out that little bar we had a 16,000 and like 10 20 minutes ago it's 33,000 now that's set that it you know, it's actually That's going to get 52,000. It's gonna be had to break But the number brings you to the high so we'll see just how Intense this baby is so let's go take a look at Amazon. I believe the Amazon's coming out with their numbers next week Yeah, the 28th So that's yeah, it's coming next week Amazon is going to be looking for 119 billion and 16 cents so, you know, what's intriguing here is that? You know, you can see a bottom line is that they get a lot of expenses that are built into this man You know the market didn't like Amazon making 37 cents and now they're going to cut that in Half and do 16 cents when in fact they're going to take in three billion more dollars now It changes the next quarter the next quarter after that goes up to 35 cents again bottom line is that then next year you go from a price point of Making 69 cents to two dollars and 58 cents so the it'll be a dramatic change There's no doubt about that what the Amazon is looking for Netflix Netflix came out with numbers last night Bottom line is that yet Netflix was Well got to 216 prior to the open it was trading up $20 right now you're trading up $12 and 87 cents We take a look at this and that's some volume. Okay, so if you look at Netflix you when you're going to see here See this 212 and when you're looking at equities folks, right? And you think that you're going to get a bounce, right? What you should do is go to the last day with volume on the way down That's where they normally like to go and you can see in Netflix's case that was 212 dollars and 51 cents and The first time you get up into that level, you know You're not going to break it when you just got blown away when this thing came down from a price point of 351 the last time I come out with numbers went to 212 that volume is too intense What is happening here today is that this is coming into that supply line and starting to take some of that supply line out So Netflix no doubt is going to be something that you do want to keep your eye on if we go take a look at the NDX 100 the strength versus the weakness inside the NDX you have Let's see data dog data dogs up 9% you got Ok ta up 8.8% Makata Libre's up 7.7. This is a big numbers man Biogen that's getting smoked. That's down 6% you have AstraZeneca down three and a half I wonder why those those drugs are getting done. Pinduodu is down 2.4 and you have a Palo Alto off 1.7 those are those are big numbers man. That's surprising Inside the Dow industrial strength versus the weakness inside the Dow the leader out here looks like it's going to be sales force Yeah, sales force is putting 61 positive points Disney 25 Home Depot 22 taken away from it. United Health. That's the big one minus 83 points You got Merck minus 18 Big Mac minus 15 Let's go over to Home Depot and see if our Home Depot is getting any traction out here You know Home Depot bottom line didn't pull back that much. Well. Yes, it did. Yeah, sure. Let's see Yeah, oh sure it sure did man. Okay, so Home Depot pulled back from 420 hit a low Four weeks ago of 264. There's no strength here man. Nope This is not done. Home Depot is going to be going down to 246 Yeah, you can look at this man You can see the contraction the contraction of all it was pretty intense. You're going into 35 million last week We did 13 million. Yeah Share it there folks coming right back iPhone numbers 877 9276648. Give us a call folks. Come right back