 Let's get over to our man. Mr. Tim. What does we do every Tuesday and Thursday and don't forget folks? You can reach Tim every trading day at or d-oracle or CLE Dot-com. That's old hyphen oracle dot-com Tim or what's going on brother? All right Well, let's start looking at the bigger picture Okay, and we'll kind of go backwards here, but okay the first Chart number one we went over this I think last Thursday, but yeah, it's kind of a repeat. So we'll go quick But you know, this is chart goes back to 2006 and shows the times when the RSI Just the RSI 14 period reached 80 every time it's done that usually you got a trending market Trending market can last months and in most cases You know the mark the halfway point of the move up, but the blue Circle areas on the daily SPY chart. Yes the middle chart there Okay, you can see a lot of times it comes in the halfway point and we had that 80 reach I think some I think it was January 18th have to go back and look but not too long ago So we may be halfway done for this move on a beard Not every day or even every week's gonna be an up week But does suggest that if you do have pullbacks are usually gonna be minor pullbacks This is you're not probably gonna have a 10% pullback when this this time happens. Okay, so I flipped it Still flip to chart 2. Yeah, we have it third window up I think we went over to a class Thursday 2 and the third window up is the 63 day of the trend and Every time it gets above 1.1 on a 63 day period So it's basically three months of trend readings. Yes, average comes out 1.1 or higher When you got that a lot of times you get a trending market, which is all the blue areas and the chart this chart goes back Can't see here looks like about 2017 or something, but every time it's got above 1.1 you can have pullbacks again, but a lot of times it comes in trending markets and So, yeah, we're like 1.1 to right now So I kind of reinforce the idea from the previous chart when the 14-day trend or a 14-day RSI got above 80 So yeah, probably evidence that we probably got a trending market here and we'll well We've been in a trending market for four months, right? Yeah, yeah, basically in a trending market. So we we may trend, you know, maybe all the way into August Right. We're at that. What a ride that would be. Yeah, sure I think this year is going to be pretty good. Just stay right there for a second Tim. We get a quick break This is Tim or Tom O'Brien. We do appreciate your growl and a problem with us out here folks Dow. Dow Industries right now. Oh, that just took a dump. It's down 116 S&Ps are off 39 and as next down 190 stay right there. Tim and I gonna be coming right back folks Welcome back folks. So Dow. Dow's off 109. Asics down 188. S&Ps are off 38 He's talking about a little volatility folks right before we take Tim and I took that break You had the S&Ps get down 18 points and literally heart beat Not like volatility, Tim Yeah, that's true. So We go chart two a little quick again Okay, I think I want to point out that the six a day train when he gets down around one or lower What time do you get you can get big corrections? I don't want to point that out last year We had a pullback from I think it was August to October approximately that time frame We pulled back 10% if you look what the 63 day trend was it was right around that one area I see. So yeah, so we don't have that now. We're up, you know 1.12. So yeah today You know right now today folks who are running 1.40. So It's gonna get interesting Of the trend the trends 1.41 right now. Yeah live Yeah, you need it that way. Yes. That's a good sign. Yeah, so Chart number three. Okay All right, this this is on the volume chart. I got two two areas Circle there and those are selling climaxes when volume jumps Approximately a hundred percent compared to the previous days a lot times as a exhaustion move to the downside. So it's a big Jump in volume, but if you see minor moves up in volume, that's usually not a big deal But whenever I get try to get to the exit door at the same time normally that kind of holds the market if it's going down or we're going up and A lot of times the way out they call them selling climaxes because both volumes there circle in blue Yes, the volume jumped about a hundred percent So they mark bottoms market rally that but a lot of times you come back and test those selling climaxes So we have we have one last Tuesday when we got one in January 31st, you know the January 31st The next trading day almost did touch that low Not sure that low is going to be tested But if you look at last Tuesday's low, there was nothing around it it did gap down and turn around gap back up So I'd minimum I would expect last Tuesday's low, which is around 490 on the SPY to be touched And what I like to see there's actually quite a few different things I like to see I like to see the trend going up which it is right now. Yes, and I like to see that the two-day trend Reach a right around 1.5. Okay, and the five-day trend reach around 1.4 When I made this chart actually that the five-day trend the second window up from the bottom and The two-day trend is the third window up from the bottom So any I like to see quite a bit of panic on the test of that last Tuesday's low Yes, so did the five-day and 10 or the five-day and two-day trend Get to those red lines and you get a 10% lighter volume. You're probably gonna have a low Okay, what I'm kind of looking for. I don't know if that's gonna set up that way or not But you know, you know, it's interesting Tim is that what's interesting out here today Is that Microsoft who's been one of the leaders? Okay in a monster way? I mean Microsoft's gone from like say what? $300 to you know $400 and six four 20 and six months now Microsoft is testing the High volume low that we're talking about the first one on the S&P today. So that's kind of interesting Do you know what I mean? You got a leader it's down off the ties For 420 it's trading at 401 and hit 398 today. So that's always intriguing to me You know when you get the lead it's like, okay, it's you know, are we gonna match down to that level? So pretty cool, right? I know I was looking at the QQ Q the QQ Q is weaker than the SPY Yes, so I know we're testing last Tuesdays. I don't have the chart up right in front of me But I know the QQ Q is back to Tuesdays low already. Yes, so You know be interesting to see what happens here, but What to wait and see you know the marketing push down, right? There's another thing I'm kind of incorporating here, too. Okay a lot of times go to go to chart four. Yes you know the last high was There's a big divergence. They have the top windows of VIX. Yeah, next window down is the SPY VIX if you notice last Today's Tuesday. We Friday last Thursday We tested the previous highs we had the week before and It was actually closed at a higher high than the previous highs Of that week before if you notice the VIX made a much higher Low or the SPX you know, yes, there's a big divergent ratio Yes, the SPX VIX ratio, right? It's why I'm thinking if we go down to last Tuesdays low Well, the VIX Make a lower high Okay, so The reason why there's less there's less panic on the second low And that'd be a bullish divergence if there's more panic on the second low Another VIX makes a higher high. Yeah, we'll just say we'll talk about the VIX don't want to confuse too much That makes a higher high that would open the door that we actually go lower down to the January 31st I wish is that for okay, you know 480 yes or 82 So I'm seeing because I'm pretty sure a leaf test last Tuesdays Low and the VIX makes a higher low Or a higher high rather Then that would open the door that we may go back down to another You know nice. No, I get it. I get it. Cool. Yeah. Yeah, I don't know There's a lot of variables going on here and then no there is hey listen There is but you walking us right through them and we appreciate it man Yeah, to me. I like to see panic especially when I get you know emails in the mail Because people are really good picking up bottom especially when they're panicking if they got enough Nerve to either enough fear to your email me, right? That's usually a real good flag for me to say yeah, we're awful close to some sort of a low It's not a minor low a major low. Oh, yeah, and so there's no doubt happened this time around. This is to me What we're screwing around with here right now. It's kind of a minor low I mean the worst case scenario of my view is 480, which is you know decent, but it's not like 380 no, that's hey listen man. That's nothing for the kind of Numbers that we've put up. Yeah, right. Yeah, so but yeah, that's that's my assessment. What's gonna go on here? But you know last Tuesdays, you know 480 or 490 is a target possibly 480 Which one may come in? I don't know But you know the markets down today volume Just eyeballing it's probably gonna be higher than last Friday or the previous To be at today's Tuesday Friday be last Wednesday because we're testing last Wednesday's low right now, right? And that was nice 86 probably down to the next floor low, which would be next to or last Tuesday And so we'll see how that you know the last Tuesday's volume was pretty big so I'm thinking My opinion that we may hold you know depends what happens tomorrow, I guess. Yes And we get lots of numbers coming out tomorrow I mean there's a couple of these big tech stocks that have been on the run that including Nvidia and Nvidia is gonna charge that market up that come out with the numbers after the close tomorrow And you talk about high volatility and Nvidia today It has it all has a high out here of 719 the low of 677 you're dealing with 693 so there's no doubt. Yeah, we got some action here things be but what those numbers are yeah, yeah No, there's no doubt. Well, listen man. It's always a pleasure. You have a great one safe one We look forward to speaking on Thursday, Tim Thank you stay right there folks come right back We have it out on 100 and as they got 169 S&Ps off 35 will come right back folks