 1-8 Welcome folks, this is Tom O'Brien of TFNN. We go 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, Garou. So everyone's having a great day safe day Fed day out here gonna quit a quarter point folks and it was a good question answer period But he wants 2% man. So bottom line is that we get rates longer Big time Always do your best, but don't overdo Always do your best, but don't overdo when you overdo you to deplete your body and you go against yourself And it'll take longer to accomplish your goal Mock it wise. Let's take a look at it out here We have the Dow industrials up to Nasdaq down 52 S&P's off 13 gold gold contract up $11.80 trading at 2014 an ounce we had silver up 24 cents 25 dollars 6 cents an ounce light sweet crew down 77 cents trading $78.86 a barrel notes and bonds the 10-year note up 12 6 trading 112 flat the 30 year up there 16 at 126 flat in King dollar King dollar right now trading Trading down 296 at 101 0 5 3 the year was at 110 the yen is at 140 and the British pound is at 129 to 1 us dollar our phone numbers 8 7 7 9 2 7 6 6 4 8 Give us call folks want to know what's going on in your world and the world of the S&P's Let's take a look at them. We're gonna have a little battle out here. Let's take a look because it's pretty cool how this is set up so What you have here Bring this back. There we go. Okay, so, you know, we we did a spread here We did a spread from 46 10 high to 45 73 low The whole town power was on the bottom line is that we do what you have right now Is that you know, you get a market that you know, the future is trying to get up a bit It looks to me that number one, you know, it's not gonna happen the last bar Down okay, wasn't that bad meaning that we only had contract volume of of 90 of 50 50,000 contracts five Yeah, 50,000 contracts, but this is the problem that this by that you just try to get up on is only gonna end up Well, we'll see it's four minutes. We're 22,000. It's gonna be all about this bar right here Actually, that's that's how this thing shakes out At this particular point this by doesn't look like it's gonna have enough juice But guess what? Yeah, we're only at four minutes on the bar You let you got to let this bar end so in six minutes We're really gonna get a nice understanding where this is gonna go My take right now is that you're gonna have a contraction of the volume reason I'm saying that is that when you get a pop upside, which we did, you know bottom line took out the highs of yesterday Every you know bowls had the chance to run the baby and you know, we know how this has been going It's been an upwards market in a monster way So if we go take a look at the end cues you get the same setup and the fight is in the exact same spot also He's also in the end cues. We take a look at this You're gonna see in the end cues The biggest bar was not the last bow is two bars before that now that being said, let's see what we have here. We have 26,000 you get 12 And you get five minutes So that's gonna be toss up to so we get about five minutes to figure this though Because then what we haven't done see the end cues the end cues didn't bottom line take out that low of What is that nine 15,000 691 No Was that low was it though? that low is 15,000 515 we got down to 15,000 519 we didn't get the 15,000 of 15 the The dollar this is interesting in the dollar. So the dollar basically, you know, it hasn't got juice man You know when we take a look at the dollar that should give the market breathing room I mean that being said, you know, it hasn't got it yet And as I'm looking at the s&p's, you know, you get in price going a bit, but you're still not getting that volume going so The consensus well, yeah, stay right there folks will be coming right back our phone numbers 877 927 648 We have that our industry was up 26 Nasdaq down 47 s&p's are off 11 will come right back Attention traders Larry Pesevento the renowned trading mastermind is holding an exclusive live trading event on Wednesday, August 2nd from 9 a.m. To 2 p.m. Eastern time Transform your trading skills with the real-time wisdom of a Wall Street veteran Just 295 dollars gets you a front-row seat to this power-packed session Plus a month free of Larry sought after newsletter Fibonacci 24-7 a 97 dollar value Elevate your strategies to code the markets and achieve your financial goals Remember this event will be archived for all attendees and Larry only does a few of these a year Don't miss this opportunity Sign up today at tfnn.com Secure your future and start trading smarter Tfnn educating investors old 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 Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds the South African Rand as well as 25 different mining equities with specific buy-sell recommendations the gold report New subscribers get a 30-day money back guarantee so you have nothing to risk Subscribe to Tom O'Brien's gold report newsletter now at tfnn.com Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis, and it's not just dry tedious text either Tfnn airs live financial content streamed live on tfnn.com and Tfnn's YouTube channel with Tiger TV live every market day from 8 30 a.m. To 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the World from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you Make the right moves with your money watch online at tfnn.com or on tfnn's YouTube channel and become the investor You were born to be tfnn educating investors Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch Tiger TV. That's tfnn.com then hit watch Tiger TV Welcome back folks. So now now investors right now trading up 12 to get the nascent down 48 s&p's are off 12 You know we had Microsoft and Google come out with numbers last night So let's go take a look at Microsoft first Microsoft trading down 15 points here at 335 You know you get a good expansion of volume here, so Let's take a look at this thing If you broke a swing, but you don't have the volume on the break Put this on a weekly and see what we're setting up here So on a weekly, this is where it's get really wild in I'll watch this folks This is what is always so dangerous when you get a beautiful trend up and then you get a pullback Because this trend up just a point three eight two retracement can take you to 320 and you're 335 So and that would be you know a Retracement, but a bull market retracement. That was that's what that that's how you look at that So that's telling me that we can get lower in Microsoft. We go over to Google. We take a look at Google Google come out with numbers Bottom line Google's trading up six dollars, which is not a lot. Okay. That's that's not that's not a big deal man They were up at 131. They're trading 129 20 we put this on a weekly So we're coming into the last high with let's see 1224 Versus 91 Well, it should have the volume. This this should have the volume But then you come in it. Well, you're coming into ice too. This gets interesting. Let's look at this for a second say Well, actually, yeah, that's that's ice right there Ice is laying out at 130 Yeah, this looks like it's actually building cause though This is this is building this looks like it's building cause to actually get through this area because you can see when we broke down there We were at 136 meaning on the weekly basis 136 the high that's taken out right now is 121 and this we already did 91 You're at 37 today, you know, you get two more days of trading, you know, so That you know, that's that's saying you can still go higher. Let's go over to Metta because I believe we're coming out with numbers today, right? 26th, okay They're looking for 31 billion at the top line $2.92 to the bottom line That's trading 299 right now Bang this on a weekly. Oh Yeah, this still needs more juice you can see this is this is going through the downdraft What is this when we have 378 to 236 in a week you talk about getting hammered that was last January That was quite a downdraft man, holy cow, so that was a hundred and 10-point downdraft And that's what you're coming into Let's see how that shakes out. Let's take a look at some of the higher volume equity Well, actually, you know, let's go to the treasuries because if you're listening You know bottom line is that might take is that they're they're not going to back off on these rates power wants this 2% and You know the the deal the core deal is the deal core CPI I mean he made it really clear that that's what they're looking at So the core PCI excludes food energy folks. It's all about services and it's all about wages He wouldn't answer that question about the the teams does they didn't specifically say the teams does But he wouldn't they wouldn't answer that question But you know the way what what does happen inside the wage growth inside inflation in general is that wages? that normally is the last part of inflation, but that is the most stickiest part and that's where there's no doubt that you can Go much higher because then people want more money because the bottom line everything costs more money You know we take a look we take a look at bonds, you know my take is that you know these bonds do want higher price low yield That's in that's in the market. You know now. It's certainly not in the short-term market Meaning the bank-to-bank rate because right now we're 5.25 to 5 and a quarter and that 5.25 to 5 and a quarter Was it was what the Fed thought they were going to do right from the very beginning, which is pretty wild man, okay? So We'll see where this is gonna go and the real question is like how long is it gonna stay? It at one point it looked like it was gonna you know, they would they were talking about the aspect of Rate cuts and You know bottom line is he was going out to 2025 you know so We have Snaps snaps getting hit out there. I'm kind of an understand their business plan, but a bottom line they come out They're down two bucks right now. You got Google's up seven we got Microsoft down 13 We go inside the NDX 100 and we take a look inside the NDX 100 You get Google's the move ADP with an ADP. Let's look at this. What the heck is this? That's look at that ADP's of $12 was This is something else man ADP advance which is six three percent today biggest integrate and today gained since November They're buying it man. That's the bottom line. That's pretty wild inside the Dow industrials the strength versus the weakness inside the Dow Point wise out here. Let's see what we have You get Boeing Putting 110 points positive points Home Depot 25 you get 3m 12. We have Travelers 12 taken away from it Microsoft 97 you get Caterpillar 27 visas 14 The gold market we take a look at gold out here. So gold today Trades 2013 Yeah, we're gonna need some more volume here in the gold market. This is 9,700 No, 97,000 contracts, but we want we need more contract volume, you know, yes when it went down Let me look at this for a second. We went down. We would we came into its strength with light of volume No doubt about that now you're basically going higher with light of volume, which is not where it's at. Oh But this is this a roll the contract. Okay, let me go to the GLD one second When you're rolling contracts folks the one thing to do and which makes it easier is you can go to the GLD Yeah, okay We're going higher you go to the GLD. You can see this you get an expansion of volume We're going higher you get the ABC up still in place. You have the big expansion of volume today We came down last three days with tremendous the light of volume is 3.4 million you had 4.3 million yesterday we had 4 million that was going against 8 million and What we have today we have 5 million on the way up. So that's big. That's still in good shape. That's that's the bottom line Our phone number is 877 9276 648 Dow Dow industrials right now up 24 and as it's down 36 S&Ps off 9 and a half stare at their folks from right back If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Technicals sign up for rocket equities and options report today with a 30-day money-back guarantee So you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN comm TFNN educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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That's just right now trading up 56 you get the Nasdaq down six S&Ps are off a three and a half and let's just go look at those S&Ps because Looks like you're gonna have a flat market out here, which is pretty wild man Yeah, you get a little you get a little raise it on the on the on the futures, but it's it's light on the way up here So what we just did from highs to lows. This is always cool We just did just over a 50% retracement from the time power was on to the lows going all the way back up You know, but you don't have a lot of sellers man. You can see this down at the bottom That's the bottom line now. You don't have a lot of buyers either That's how this thing is shaking out right now You can see how this thing went up the last three bars. This is how we went. We did that the bottom bar here had 50,000 contracts the first bar up had 39,000 the second bar up had 33,000. We're on the third bar right now Well, we get a long time the third bar third bars don't want only three minutes into it The bottom line is that you can you can see what's shaking out here. It's Even if we came back down and you know, it was down 10 12 S&P points. It wouldn't be a big deal Because if you looked at this If we take the spy and take a look at it, you're still going to be laying at highs You can see you we took the high out yesterday at 56 million you get 51 million already You're going into 65 million. That's what we're going into That's and we take a look at the NDX. We take a look at the three cues What we have inside the three cues They have bigger volume inside the three cues these these smaller Barres You know do mean something that's for sure a meaning that the market is nervous that that's how these When you get small bars like this folks, okay? That's what does happen, you know at small turns there's no doubt about that So we'll see how the rest that's going to shake out we go to the gdx We take a look at the gdx because we know we had buying in the GLD if we go to the gdx the gdx We've got a rejection of lower price at the 31 34 right now. You're 31 65 You know, this is already in an ABC structure on the way up So I suspect it was going to continue to see gold go higher if we go into the silver market. We take a look at silver silver right now You got it up 28 cents. We have 55,000 contracts traded That's good contract volume same deal man. This thing wants higher price and Then if we go to the SLV and we take a look at the SLV So look at the SLV man. Look at them. Look at that You get some real juice in the SLV That's 22 million shares We made a low three days ago with 15 million which was going into 24 million So they're all over the silver market man. Let me put this on a weekly for a second So if we put this on a weekly Yeah, we're gonna we're gonna this is this is gonna These babies are gonna go after their highs That's how this that's how those babies set up. We take a look at a couple of silver equities paid American silver. That's flat heckler That's up seven cents. That's interesting mean EXK Endeavor, okay, so endeavor is up eight cents for a small stock Kind of we still need more buying there It's kind of interesting that what you what we do have is that you have the aspect of the the silver contract itself as Well as the SLV going but they need more juice man. They the the equities themselves need more juice Let's go take a look at royal gold. I believe royal gold is gonna be coming out That's all well. They're coming out with numbers August 2nd. They're gonna be looking To do a hundred and fifty four million to the top line and eighty seven cents to the bottom line And what's interesting here, but look at this just for a second if you're watching Tiger TV What you're gonna see here is that they're they're stream income folks, okay? You got Canada Dominican Republic United States Africa and other and the other is 142 I don't know where the other is I got to find out what that other is the danger right now and you can see this in and No, let's see. I'm you X no and Magsil and Magsilva this this equity here Now look at this upper buck today, but the lows 10 the high 17 because Magsilva Let's see what they have to say here because They know yeah, let me give you a numbers first because their numbers You got they plan on doing 136 million this quarter with 13 cents to the bottom line That's out. That's up from 51 million. Okay Let me just see what they have to say here because what you have So make silver shares rose 7.1 percent the most in today since December after releasing second quarter production volumes from their One of their minds in Mexico Total second quarter production in five million two hundred seventy five thousand ounces of silver 10,639 ounces of gold 34 tons of lead and 54 tons of zinc The problem this is this is my take on this the problem. This was one of the strongest stocks folks, okay This was just here. What do you see this thing? And this is when the when this law in Mexico went through this is a real deal that you talk about affecting This equity went from 24 to 10 well, I guess all the rest of them did too So it just see it seemed to me though that this is having a harder time getting traction And I suspect what that's all about is the aspect of These minds in Mexico Presenting or they can present problems. Let's put it this way because there's going to be a negotiation that takes place About the aspect of what the royalty rates going to be what the splits going to be the mining law already went into effect, okay? But there's going to be ramifications and those ramifications basically are going to hit the bottom line That's just how it goes and that's particularly how it goes When you actually see the price of the metals go up If you remember the biggest run that we had when we had to run from basically 2002 to 2011 in our own country You the congressman will basically started screaming about the aspect of Mining minors in Las Vegas. I'm not Las Vegas Nevada. I love, you know So they were they were out there screaming saying amen I think you know, we should start raising rates. It's not raising rates raising royalties all the above Now down just shows right now up 20 and as six down 25 s&p's are off eight will come 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 Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out market insights provides the Edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com And subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results market insights comes with a 30-day money back Guarantee for all new subscribers, so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life Before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in Identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman and your inbox every day 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 tfnn.com 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 24-7 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 That he's tracking 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 24-7 newsletter today tfnn.com educating investors 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 to dow. Dow industrial is uh up 37 asex down 33 s&p's up seven and a half Looks like we're gonna have a flat market out here folks. That's how this thing's shaking out. So Let's go take a look at the dow first Yep, dow made a new high And you know bottom lines that this is how let's say This is one Yeah, it's whether it's three six nine 12 13 days New high Composite Flat You know you're down 42, but that's a flat market. That's the bottom line. We had a high out here of uh 14,187 a little 14,041 That's a flat market. We'll go to the uh end the x Not the same deal, man. You know, well, it's down 91, but that's really a flat market also, you know Yesterday we got up to this uh 627 15,627 today made it to 571. You got a low of 411 86 86 is nothing Meaning down with a 15,000 mark on it, you know, so what you are gonna have is it after the close And now what you know the bottom line is that what it looks like now, right? It looks like it's all back to earnings once again because the market Is still not believing Um That the fed is going to continue to raise rates. That's what it looks like, you know And my take though Powell's made it really clear. See there's two different things going on I think Powell's made it clear that you're going to keep raising rates Now you can make the argument that well, why is the bond market going up? Well The bond market's going to be ahead of Powell He he was they were ahead of him on the way down. They're going to be ahead of him on the way back up That's just kind of how it goes, man. You know, it's it's front running Always remember folks the bank and cloy a hot out the book and run you over and thank god There's always another trade health app is in prosperity Have a great night folks have a safe night come back and visit tommy tomorrow morning kicks us off 9 a.m Great show folks We'll get them folks