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Always remember, folks, what if you think about, you bring about whatever you focus on grows, whatever it's having. Great day, safe day. It's a TGIF, folks. Let's make it a great one. Don't make assumptions. Ask for what you want. Find the courage to ask for what you want. Others have the right to tell you yes or no, but you always have the right to ask. Likewise, everyone has the right to ask you for what they want, and you have the right to say yes or no. Mockin' wise. Let's take a look at it out here. We have the Dow Industrial's up 112, Nasdaq's down 80, S&P's off two and a half. Gold, Gold contract down $4, trading at $19.44 notes. We have Silver down 11 cents, $22.70 an ounce. Late sweet crude, up 33 cents, trading out at $83.16 a barrel, notes and bonds. Ten-year note, down 26, trading $1.106, the third year of 29 ticks, at $1.2025, and King Dollar, King Dollar, trading up 345 ticks at 102, 869, the euros at 109, the yen is at 144, and the British pound is at 127 to 126, to one at U.S. dollar. Our phone number's 877-927-6648. Give us a call, folks. Well, I know it's going on in your world, and the world of the S&P's, let's take a look at it. Well, we get a little divergence here. What's gonna get interesting? Coming into the close, that is. So, what you have here is that that first leg down this morning, you got a high volume low in the S&P, and that, that baby is sticking out, man, like a sore thumb, and that's 4459, okay? Now, if we go over to the NQs, we don't, because the NQs came down, tested it, and rejected it. If you remember, you know, about three weeks ago, we had the same deal. It was just the opposite, actually. The opposite was that the NQs hadn't tested it, and I think the spy had. But the bottom line is that when we had that, they both ended up coming down. As you can see in the NQs, the first low that was established out there was 15,652, and we got all the way back up to the 15,174, no, right? Yeah, 15,174, and bang, you go all the way back down. You can see when we hit it, we hit it with 16,000 contracts versus 29. So, we'll see how this shakes out coming into the close today. We go to the Noten-Bahn market. We take a look at the Noten-Bahn market. The Noten-Bahn market going after its lows, so we get the 10-year down 26 trade in 1107. We take a look at this, and this is pretty intense, man, because the bottom line is that we're at the low that the last week that rejected that low, and the low that I'm talking about here is the 1105, and we hit exactly 1105 today. So, we'll see where this babies, let me put this on a generic one for a second, because what you also had is that we hardly had any type of bounce. Yeah, we definitely didn't have a bounce on this thing. So I'm gonna put this on a weekly for a second. Okay, so you're 109.33, okay. 110.07. Yeah, you know, this very well may be going for this 100.27, which right now the 30-year is yielding 4.16, and the high is 4.17. US, let's go to the 30-year and take a look at the 30-year. 30 is 298,000 contract traded, and the 30-year had already blown out its lows. So let me go to the generic contract to see where we think we're going here. Put this on a monthly, a five, I'm gonna put this on a five-year monthly. Oh, I got a two-year longer than that, okay. Okay, so let's see what we're doing here. I see, so the 30 is probably gonna have to 117. 117 is, yeah, 117.20 is the number. I mean, we did, yeah, we didn't make a .618 retracement on this last bounce four weeks, you know, the high would have been five weeks ago. So that says it can blow away those bottoms. We go to the gold contract, we take a look at the gold contract, gold contract, you know, is teetering right at its swing point right now. You know, it held out here today, but that swing point relating with this 1969, 1939, rather, we hit 1942. Now the volume's contracting in a month's the way, but when you look at the dollar, this is telling me the dollar's gonna do an ABC up. We got above the B point just barely today, but we're above it. You can see is the B point, we're above it, man. So the bottom line is that your projection is all the way up here. The projection on an ABC up would be that 104.670. That is a monster move. And what would be really weird is that if we came down after that. See, you know, it's so interesting, folks. I've said this many times before that you can always project, when you look at markets, markets always look like they're doing head and shoulders bottoms at the top, but look at this. If you're projecting, it's like, oh, hold it. Are you gonna go up there then pull back? That would like be a monster head and shoulders bottom. You know, huge head. You got a shoulder. You go up there, you pull back again. Hey, we'll see what this is gonna be. Maybe she's gonna shake out, but you have a lot of moving pieces here right now. There's no doubt about that. Stay right there, folks, to come right back. We have the Dow. Dow Industries right now trading up 99. Nasdaq is down 90, S&Ps are up five. We have the gold contract down four coming right back. Tigers, candlestick pattern analysis is a primary tool among successful traders and you should be no different. Candlestick patterns can demystify buy points, sell points, general price movement, and so much more. At 4 p.m. on Monday, August 14th, trader Teddy Keckstadt will be hosting a live hour long webinar on Japanese candlestick patterns. 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Internationally at 727-873-7618. Welcome back folks to Dow. Dow industry is up 101 Nasdaq, down 85 sips of down three and a half. Now check out this deal on New York City folks. Now if you happen to live in New York City, this is where this turns into a super deal if you do make over a hundred grand. So they put out a billion dollars worth of bonds this week, okay? They're rated AA. Now they're yielding 4.3%. But what ends up happening because of the tax structure in New York, that actually would get you a 10% taxable yield. Because there's no taxes on federal, state, and city. So it's pretty wild. So the deal came down, you talk about strong. Retail buyers went after 785 million and the institutionals went after something like 1.1 billion. That's about as strong as you can get folks, okay? But that is not pretty wild. So you tax them, then you make a deal when you're going out for the market, right? And you're still only paying 4.35, but 4.35 equals 10. That is amazing. But it's not amazing if you do the math behind it. And I don't even know, well, it's not, I was gonna say, I don't know how they can afford it, but the bottom line is that when you look at either New York or the folks in California, they not only make more money, they pay more taxes, but guess what, they keep making more money. So when you average it out, the bottom line is that they're doing something that's why so many people wanna be there. That's what it comes down to. Let's take a look at some of the higher volume equities. We'll find out if we can get any volume out here today. You get Teslas down two and a half bucks. We have Advanced Micro down two and a half. Well, let's go to NVIDIA, because N-V-D-A. This baby's going after its gap. Now this is gonna be a trip, because N-V-D-A had a high of 482. You're at 409. You're making your way to the first place that the BIA support, which is the 394. You're at 410. And then you're in for like a trip, man, because the gap is 306. Look at that. That gap's gonna get filled. That thing doesn't stay open, man. So this is gonna be, let's bring this back for a weekly, because this is pretty, I mean, it went up fast. Yeah, it's coming down with volume. You can see it's coming down with volume. You get an expansion of volume. Yeah, this is interesting too. You see this? Look at this. Oh, this is really interesting. So this is where I have this on a monthly, a weekly now, right? Well, let me put it on a monthly. It would be better on a monthly. Okay, so on a monthly, last month that we had volume, 419 was the number. It got to 482. But if it digs into this bar, you go all the way back to the bottom of that bar is you're gonna be pretty intense. And I'll show you this in the cues, because the cues are gonna lead this market down. If you take a look at the cues, you can see it's not digging into it. You know, yesterday to the day before yesterday, that's the high volume bar, which is 372 or 366 already. If I put this on a weekly now, you're gonna see the next stop here, well, the bottom of the strength is 355. If I just take a, let's just take a 0.382 retracement. I'll take it from here. So 0.382 is 349, and you're at 366. The GDX, let's go take a look at the GDX, because what has happened out here, even with the dollar up, you know, they didn't whack gold out here today. The GDX is doing 7 million, need a lot more volume than that, but it held price. It rejected 2895 or 2935, but you can see we go up at anemic volume. I don't like what this looks like. My take is that this thing's still gonna break, it's what it looks like. And it's gonna be because of what that good old US dollar's gonna do. We go to the XLE, well, actually, let's go to the oil market first. So oil pulled back today, 300,000 contracts. This has been a one-way move in an amazing way, actually. Look at this move. I mean, oil went nonstop from $67 to $84. Let's do CL1, see what we come up with. That's the generic contract also, okay. I'll put this on a weekly. I see, interesting. Okay, so yeah, we got over the consolidation. Hey, that's saying we can go to, but that's 93 bucks. Yeah, well, we're pushing right into this. Let me look at this. So this is 83. If I just do it conservatively, 71, that's 95. Yeah, yeah, it looks like oil wants to keep going. XLE, let's go take a look at the XLE, because it looks like oil wants to keep going there. What you did is that you came up to the swing points. You're over the swing points right now daily and the monthly, daily, weekly, and monthly, and your next swing is right there, man. Put this on a weekly. Oh, I see. This will just take a bit to do it, but it's coming up to it. It's gonna come up to it. So the last high out here, 94.71, and right now you're at 89.80. Inside the end of the X100, the strength today versus the weakness, eBay is up 2.5%, you got Palo Alto up 2%, Biogen's up 1.7, Allogen, oh, is that Allogen? Yeah, Allogen is up 1.9. Taken away from it, JD.com's down five. You got Lam Research off four and a half. You have Global Foundries off 3.9 and AMAT is off 3.8. So these chip companies are getting hit pretty bad. Look at that, they ride the chips up, they ride the chips down. That's another indication, folks, that what we have here is that the chips brought the NASDAQ up, NASDAQ brings the S&P up, and we're dealing with just the opposite right now, meaning that the chips bottom line bringing the NASDAQ down, the NASDAQ pushes the S&P down, that's what's happening here. We go look at AMAT, AMAT's, two weeks it's trading back to the end of June levels. Share it there, folks, come right back. Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. 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So I don't know what these cards are but heist of magic cards rattled board games convention. So August 1st, two nights before the start of America's biggest board game convention, a camera caught a pair of men pulling a pallet stacked high with boxes of Hasbro's magic gathering cards through the Indiana Convention Center. It was a heist but in lieu of money the thieves made off with 261,645 dollars worth of fantasy playing cards. We realized immediately that we were one pallet shot said Zach Ritner, the manager of pastime games, the victim of the heist. The initial reaction was mostly dread. He says adding that the magic cards can hold tremendous value. Let's see, I've never heard of these things but I gotta tell you a story after this because it's crazy. This time the Indianapolis General Corp, the biggest targets were just released Commander Masters Collection set of 2,400 cards valued at 114,000 and boasters valued at 49,000. They were a couple big tag items like promotion packs. Magic cards have become their own asset which was clear before 2016. Anyway, so listen to this folks. This reminds me of a story a long time ago and this was a trip in itself. And if you remember when I was in the coupon business in 1980 and if you, that's when all the frequent flyer things started, the coupon started, if you took a flight you get a coupon, all the stuff. Well picture what had happened, well this happened one night. So we have people at airports all over the country, right? I had like six to seven airports, right? I'd go airport to airport at least once a week could have to give them more cash, get the more coupons and all this, right? Well, what happened in Boston was all of a sudden, this was actually the first ones, right? This was because what happened is that oh this is funny how this works, so check this out. The Trump shuttle had come into Boston. They had just started actually. And the reason that Trump did a shuttle is that because Eastern Airlines had a shuttle that went Boston, New York, Washington, D.C. And that shuttle to this day is the most used route in the whole United States. It has been then, still is, right? Bottom line is that he came in and what Eastern did, Eastern said, okay, if you take the shuttle I'm gonna give you a coupon that is worth 50% off going East Coast to West Coast. Now the thing that was ironic is that Eastern Airlines only had one flight out of New York and one flight out of Boston going East Coast, West Coast. But what ended up happening is that all the other airlines matched it. So all of a sudden these coupons were worth a lot of money, okay? So what ends up happening, I'm going to the airport and you know, you get a figure when there's a lot of money involved you know, the wise guys get involved, right? So what ends up happening, I'm at the airport and there's a whole hoop-la-la, right? That what ended up happening is that the coupons that were coming in that night into Boston got hijacked in the baggage, right? And you're talking about, you know, pfft, let's see, I forget what the number was. But you know, it was a good $200, $300,000, right? And what ended up happening was this, so I checked this out, because we were getting offered all these different types of coupons. I'm saying, what a trip this, we're trying to buy coupons one at a time. The wise guys come in, they just hijack the whole freaking thing. They go, you know, it's pretty easy. You get the baggage handlers. In this particular case, if you know Boston at all, you know, between South Boston and East Boston and Charlestown, that's the airport, man. I mean, forget it, right? It's pretty easy. So, make a long story short, what ended up happening is this, is that Eastern Airlines decided that they are not gonna pursue it because the damage would be too much. So, this one travel agency that really scored, it was, oh, it was Fox Travel, that's who it was at the time. And he was a big travel agency, and that probably had, yeah, that definitely had something to do with. He was about the fifth largest travel agency at that time in Boston. He bad bought all the coupons. And he had said right to Eastern and the rest of them were like, hey, man, you know, these are your coupons. They bought them, there's nothing wrong with it. The bottom line, they go, I'll get away with it. They all get away with it. I don't know what's gonna go on in this one. But that was, you talk about a lesson, that was like amazing. I mean, you know, I think I was 30 years old at the time, and I'm saying to myself, I don't believe this. They just jacked off all the coupons. They sold them to one of the biggest agencies, and the agency itself knew, you know, they were probably protected because of the fact that they do so much business. With Eastern, they were claiming, of course, hey, I didn't know this. Well, you had to know it because there's no way that you could, you know, accumulate it. We could even with as many, you know, kids I had at the airports at the same time, I couldn't buy over, you know, I could get 200 or 300 a day, but this is like 30 to 40,000 coupons. Yeah, and anyway, as they say, the rest is history. Let's go take a look at Google, see what we got out here. Couple of these high flies. Yeah, so Google's at the beginning of its, it's just getting to the gap. What you wanna do now folks is this, you wanna find all these equities that have gaps because you just get pushed a little bit more, these gaps are gonna get filled. Google has a big one. Let's go to Apple and take a look at Apple. I don't think Apple has a gap actually. Oh, it has a gap down. Oh, yeah. This is a whole different ball game, man. Let me put this on a weekly. So what happened with Apple here, this is serious business, man. I mean, Apple, you know, went straight up from the 124 up to 199, but guess what? Once it got inside the 187, you're in the lower range now. So you're gonna get some support at 176 where we are, is it hit 176 today and 176.55, but you get below that, it's trouble, which is amazing. But that's how this, technically that's how this sets up. And then if we take a look at it, and you know, let's take a look at that trend line, that's a break with conviction. So they might have all the cash out there, but the bottom line is that the way this is set up, there's gonna be a lot of money if it's not taken off the table, you know, going to investor heaven or traders heaven pretty quickly, you know, when I just look at, and see, that's the aspect of when you had the Magnificent Seven going up, now you have them going the opposite way. Dow industrial's up 103, Nasdaq down 83, S&Ps are forced, they're in their folks somewhere back. 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Welcome back folks to Dow. Dow investors right now up about 110 to get that ASIC down to 82. S&Ps are off two and a half. We got a couple of tigers that want to take a look at the M2 money supply. So look at this. This is kind of intriguing. So here's the money supply. We have M2 money supply and it's still going down. You know, the bottom line is that we're back to, this guy's interesting too, because we've been a lot higher than this even just, what is that? This is a month over month change, I think. I was at year over year, one second. What is that? Those dots, I'll get those dots. 23, 22. Yeah, this is a monthly chart. Now what is interesting, now look at this though, M2. I got to figure out what this is because the money supply, that's the money change month over month. This is the money supply and the money supply is going back up. So I don't quite know how to wrap my head around that. That says a 630. You can see here's that this one to me makes more sense. You go up, up, up, you go down, but the last two months we've been going up again. M2, let me find this, security description. Okay, so let's look at this one. Yeah, it's the same one. This is the one. So when you look at this, we were at a low two months ago. And you know what this is? This is what this is gonna be. This is gonna be the amount of government money that's coming into the infrastructure bills and all of that. That's what that's gonna be. So the rates, and then if you take a look at here, Bill Gross, who used to be called the bond king here, he's out here yapping today that he thinks that the tenure should be trading at 4.5 versus 4.16. And the reason he's saying that normally what ends up happening is that the tenure normally traded 135 basis points above the Federal Reserve policy rate. And this guy knows everything about bonds folks and they didn't call him the bond king for nothing. Do you know what I mean? So I can see that. I could definitely see that, man. Particularly because looking at the aspect of that money supply is that the money supply is coming back in. You know? So small caps. So let's go into the small caps and take a look at the small caps out here. Small caps that they just, they just filled the gap, came down volumist today. Yeah, they don't look great. And then you get the meme stock starting to move again. You get AMC. This gets everyone going. Lowes 366, the high 16. Now this is 26.67% shot position. They got it going a little today. And there's no doubt, when they got that going two weeks ago, it went from $4.40 to $6.34. And then closed out at 5.34 and four days later it was down to 4.51. You don't want to own any of these, man. You know, you can trade them, but you don't want to own them, you know? The whole dynamic, which is really amazing, the dynamic has changed and continues to change in the market. And the biggest change has to do with the amount of trading inside the option market that bottom line affects the equity market, you know? Because now you can trade so many different options folks and they're penny wide. Penny wide means that between the buy and the sell you get a penny. And you know, you're only paying for the contract, 65 cents a contract, right? The 65 for 10, what am I gonna do 100? I do 65 all those, yeah. So it's 65 for 10. So it's like insane. You know, I mean, that is a huge change. Now, if you saw, today there's an article in the Bloomberg, is it the Bloomberg? I'll wash your journal, I forget. I would read both of them in the morning. And what it is, is this. Everyone's on one side of the buy rates right now. So you get the buy rates, you get selling calls against stock. And it's so lopsided at this particular point that if there is a downtrend, okay, the turn in that is gonna accelerate the turn in general. And that can happen very quickly, you know? Because the fact of the matter is that, you know, when you're doing that, you're picking up nickels in front of a steamroller. But that can last for a long period of time. In the 90s, right? In the 90s, folks, that worked for almost 94, and 94 to 98, 99. That worked in an incredible way. And then it got wiped out in all of three or four months. I mean, wiped out. There's people that had made a fortune all the way up, little by little by little, and then wipe out city, just like nothing. And so you gotta make sure you know what you're doing and what the risk parameter actually is. You know, that's the reality. That is the reality. You know, don't forget, folks, our man, Teddy Cakes, that he's gonna be doing a webinar for you coming this Monday. Candlestick charting, that's gonna go from four to five Eastern Standard Time. It's only $95. Check it out on the front page of our website at TFNN. And if we go over to the E-mini, it looks to me like, and this is something you're gonna wanna remember next week, is that, and we take a look at this, the E-mini again is gonna have a high volume high. I have a high volume low, because I don't think it's gonna get hit today. You wanna remember this, okay? Because if I bring you back, you're gonna see that every one of these have got hit. You know, a couple of them didn't, you know, got hit the next day, but the bottom line, they're gonna get hit. So if you're an intraday trader, you wanna totally be aware of this, not if you're an investor, okay? This is just a lot of noise in the context of where the market wants to go. But if you're trading intraday, it's really important to understand, because, you know, let's say you get a market that pops higher, it's awesome. That's, I call that a gift from the trading gods, because the reality is, is that if you get something that pops higher, you can do the correlation about what bar it's going into, and you know that you have this bar out here that's a high volume bar that's lower. And so you can set up your risk parameters, and in trades like that, you know, you're going for a lot more than, you know, a one to two, you're going for a one to five. That's how that normally works. Dow, Dow Industries right now, up 91 Nasdaq, down 93, S&Ps off six and a half, they're right there, folks, they're coming right back. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. 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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. The Dow investors right now, at 109, you get the Nasdaq Dow in 87, SAPs are off four and a half. Let's just go see what kind of volume we're gonna get on indices out here. So we are getting this light volume in. 490, you're gonna be at, you'll be, it looks to me like it's gonna be under 900,000. And on the composite, they're gonna be at 450, 4.5 billion, which is light volume for the composite. If we take a look at the composite, yeah, I see the composite, though. The composite and the NDX, they're in the next leg down right now. That's what's happening. When you take a look at this, you're gonna see quite clearly, you know, if you watch in Tiger TV, you can see they're into this next leg down. And if that's where we go, that's gonna bring you back to the end of May. And particularly the price point here, well, let's do it this way too. Let's see what a 0.382 is. It's a little less than a 0.382, little more actually than a 0.382. The bottom of it. So I suspect that's where we're going. But that is a huge pullback because of the fact that we went up so dramatically. So a 0.382 on the way down is pretty intense. That's how this thing works. You always gotta remember, when you're dealing with the percentages, okay, it depends on what either points you're coming off of. That tells you a huge amount in a monster way too. We're gonna take a look at the, we hit the IWM, I know I wanna hit the GLD actually before we sign off for the weekend. So the GLD, yeah, it's light volume, the GLD's holding. Yeah, so low on the GLD's, the swing low's 175, we're at 177.62 right now. Always remember folks, the bank and claw your hideout, the bull can run you over and thank God, there's always another trade. Health habits and prosperity, have a great weekend folks. A safe weekend. Come back and visit Tommy Monday morning, kicks us off 9 AM, great show, folks. Yeah, look at him folks.