 Welcome back, folks. Dow. Dow industrialist right now, down seven. Nasdaq is a flat. S&P's a flat. Let's go over to our man, Mr. Basil Chapman, as you do each and every Tuesday at 20 past the hour. Don't forget, folks, Basil has an outstanding show here every trading day, 12 to one Eastern standard time. Also has a great newsletter, the opening call. Very easy to get it. Come over to our website at TFN. You go right into the newsletters. You're going to see the opening call right there. You can get that for one month, six months or a year. Our man, Mr. Basil Chapman, tonight is going to be doing a workshop. We have a little party going on over in Cambridge at MIT. And this is going to be, it's going to start at 6.30, go to 8.30. And Basil, what is the, what number of memorial drive? I know we're going to give him Amherst Street, too, but what number? 70 Memorial Drive. 70, right? Yep. And it's really quite easy to get to, you go down Memorial Drive to East, towards the city. But before you get to the dip that goes down the bridge. Right. You take a left and it's, the block on the left is where you're going to go and you want to go to 2 Amherst Street, Cambridge. And we're going to MIT E-51, will be E-51. Room 395 will be just right outside in the corridor of 372. So it's really a third floor. We'll find you. That's a beautiful thing. And they're going to, and you know, folks, I mean, you can turn around, they're going to have a little potluck dinner first, you know, celebrate in the holiday. That's going to be from 6.30 to 7.30. Then our man, Mr. Basil Chapman, is going to be on from 7.30 to 8.30 talking markets. So this is a really good time. You know, it's very interesting. You were talking about some fascinating things with the dollar and the currencies. And if you look at the market, and this is what I'll be discussing tonight, there are a lot of things going on, especially over maybe the last week or two, slight changes. For instance, here, look at this. This is the TR CCI. This is the Thompson Reuters Equal Weighted Commodity Index. Okay. So have a look at the, I'll open this up so you can see the monthly chart, something I followed for years. It just screamed higher back into 2011. This commodity index went to almost 700. And then it got cut in half. It went to 350 down. It was like January, December. So I think it was December of 2015. Yeah. And then it's really gone sideways. But this is the first time that we've seen in a while, let me close it now so you can see in the shorter term that in the weekly chart, this is a very nice move from the low that was made at 370, the last move of 374 back a week of August of 23rd to where we are today. If you look at the left side chart, this is one of those patterns that I always talked to you about is a cup formation. There's a left side, right side, price-time match. And 409.81 was the recent high. And it pulled back from early November, pulls back to that 400 level. And now it's in leg B. And it's almost there. The high today is 409.58. So I'm looking at this and you spoke about the dollar. And I talked about the dollar from April of 2018. My subscribers have been long in the UUP. That's the trading vehicle, the fund. And it was at 90.07 and went all the way to 99.62 in October. I always talk about those four higher peaks and went to the peak D a few times now. But this is going to be very important because from the previous low, you've got the pattern that I always call that lower case H, the dreaded H, because if you take out the left side low, you can go quite a bit lower. And you were mentioning the British pound. So here we are BP, the British pound. Look at the move. So if you think of the commodity index, you know, the Fed is always talking about we want to see some inflation. So they might get, we don't know, but inflation might come out quite quickly because all of a sudden you've got, in fairly short order, you've got from just September-ish, you're down to 1.1, low point 1.2 is in the British pound. Here you are, 1.32. So this is a very important period because many of the key stocks in the stock market that have been leading look a little bit tired here. So maybe we'll start to see over the period of the next three, two, six, or maybe eight weeks some kind of a change, even if it's an interim change. And I think so it isn't important just as you were pointing out. It's a very important moment. Yes, the euro hasn't really moved. It's kind of stuck in a sideways situation. But I think there's a big difference between talking about the euro, talking about the British pound, the momentum and the background for each one is very different. Oh, there's no doubt. There's no doubt. What's going to get intriguing is that, you know, you're getting a little movement out here now, folks. And, you know, we'll see. I can't picture that it doesn't move, you know, because what is going to happen is that this is going to affect all of Europe. You know what I mean? There's no two ways about that. Yes, it will affect Europe. But the whole implementation, we don't know. It's almost like ours. How's the implementation of the trade tax going to work? Now, these things take time. The actual deed itself, the talking about it, and to try to conclude and get something done. So this is why it could be a very important period. The other thing is that if you're looking at the Dow, let me just go to the Dow here. The Dow's really been in a sideways movement since early November. It's gone to a peak at 28,174 all-time high, but the technicals have been failing. So the sudden moves to the upside are really, I think, more news-related. Price is price. Yep, it did go there, but it's really struggling. And, you know, I spoke to you about those two moving averages, and we were on the cusp last Thursday of breaking down into the 9th period, going below the 14th period. Suddenly, on Friday, there was the tariff news. Boom, it zooms up, and we haven't broken down yet, but it's getting closer and closer as the 9th is just over the 14th period moving average. And I've spoken about these rectangle formations. And if you think about what's been going on over the last maybe a quarter, three weeks, this is really a sideways movement in the Dow. And you can see, but even with new highs in the S&P and the NDX100, the Qs, it's been hard work. So I think the market is taking a breather. It's kind of sorting out things. I do think by a week from today, what is today today? It's Tuesday, a week from today. I think we'll have some clarity, and we'll see where the market's going. But the parameters for me speak spike to over 28,250 this year into the 28,300. That's a really good move. And I think more buying will come in. But if there's a pullback at any point to be gone to the 27,325 low that was made just a week ago, I think they'll be in for at least a digestive phase. It doesn't have to be a big deal. But I think that we've had a huge move up until now, and there is a lot of uncertainty. Yeah, no. Hey, this market just kind of lay in there saying, there's a huge amount of rumors out there, folks. On Sunday, a bottom line is that are these taffs going into effect or not? Because these taffs here, this is a huge consumer tax deal. And we'll see if they pull them back and when they pull them back. And when they pull them back, this is, if they pull them back, this was going to be really important, folks, because if they don't pull them back, you will see this market go south so quick it'll blow your mind. I mean, do you know what I mean? And I know someone, a small businessman, he said he has been struggling. He's right in the middle. He's had to work out different deals. He said the little guy's getting hurt. It's a 26% tax. If you're bringing something in for $100,000, it costs you $126,000. Yeah. Listen, folks, tonight, right over at MIT, check it out. Basil, you have a great one safe one. I'm sure you're going to have a great time over there, man. Thank you very much, Tom. Thank you. Stay right there, folks. I'm on my back.