 is a presentation of TFNN, the Power Trading Hour with your host, David White. Call now toll-free at 1-877-927-6648 or internationally at 727-873-7618. Now, David White. Welcome all to another excellent edition of the Power Trading Hour with me and it doesn't matter where me or you are, although I'm in the free state of Florida in the Tampa area on what is just about a perfect day that's going to turn into the first tropical storm this week of the season. It is hurricane season, but again, it's all with all that. All it matters is that you're here at the appointed time. And something broke. There it is. The following takes place between 2 p.m. and 3 p.m. We'll get it going. 877-927-6648 email me at path at TFNN.com. We have Tim Ord on at the next break. If you have any charts you want him to look at, email me early and I will forward them to him, path at TFNN.com. So we've got a few things going on. S&Ps up 56 at the present time. This is the last day of fun buying. Generally, you're going to have a pretty much a half a percent on average pullback probably tomorrow, probably slightly after the open. Now, does that mean that'll happen tomorrow? No, but on average, you generally have the market phase and then a pullback. I don't see anything out here that is extremely bearish, but at the same time, I don't see much in the way of anything that's really bullish. We could have these up 1%, down 1%, up 1% chops until we figure out which way the market and wins are blowing. On the 31st, we got to 4168. It looks to me like that is the test that we're getting ready for today on the S&P. It's only another 10 points higher. Maybe that comes tomorrow. What I would say, though, is as we didn't have a volume at the lows, we don't have volume at the highs as we go in with about an hour and 52 minutes left in the trading day. We only have about 6.6 billion shares. That's not enough to really get anything going. Again, we are going into summer trading and volume will decrease. As I said long before we got to the Memorial Day three-day weekend, it's very tough to be short a market with declining volume. That volume has to decline for a while. I also have said that I get a lot of email from folks that are telling me the end is nigh. That is not stopped. I keep on sending them the memes back about quit drinking the Kool-Aid. There'll be a signal, but yelling and screaming that the market's going lower every day doesn't do much for me or anybody else. It is kind of a sign of those folks that are rabid foaming at the mouth either long or short. Markets go higher, markets go lower. You shouldn't be so invested with one side if you're a trader. If you're a short seller, I think what you do is you go short and then you just go to the top of a mountain and make sure you don't have any radios or internet or anything else and come down maybe in a year and check it and see what happens. It is extremely painful to always think that the market's going lower. One of the things that you can find on the internet is a lot of work by college institutions, PhDs, on statistics for the market because the data is so easily available and provable for theses and other things. But one of the things they come out with and it depends on which study you get or which white paper, but the market's going up maybe not a whole lot, but it's going up three-fourths of the time, maybe 70% of the time in a bear market. And most people that haven't been in a bear market or think that they were in a bear market may have forgotten that the market tends to go higher, even just a little. And then you get these one-week moves of extreme depression. They burn themselves out and then you kind of go higher for a while. You make these ABCs. But that B2C leg can be very long. And as Warren Buffett says, the market is very good at transferring money from the patient to the, or from the inpatient to the patient. And if you are going to be bearish, maybe the best thing is to just know that if you want to be bearish, you probably only want to be in the market about 25% of the time. And yelling and screaming to me as the market goes nothing but higher. In fact, I've had one guy tell me that the market was going to hell in a handbasket for the last 300 points higher. It doesn't do you any good. You end up, I know for me, you're not always going to be right. But I don't want to be kind of a Gene Dixon making a billion predictions, only to have one right. And then yell and scream and say, I'm a great trader. I don't see a lot right now either to the upside or the downside. And no position is a position. If you want to trade the chop, that's fine. But as I said, I don't think there's anything more than a 24 hour trade and probably more like an interday trade until we break out of this range, maybe we get a signal. Certainly you're not going to get a signal today with volume unless something drastically changes. But that's kind of it. 877-927-6648 email me with questions for Tim, who will be on shortly and see what else we have going on out here. Question about Microsoft and USO. We'll talk about that. I did Microsoft for one of the other folks that emails me. Certainly looks like 270 is the close for tomorrow from options. We're a little higher than that. So maybe we get, as I said, generally after fun buying, you look for a little bit of weakness. I think we're going to continue to see maybe a little selling into the closes on Fridays as people want to get out of risk. So I don't, again, I don't see a lot of upside and I don't see a lot of downside for here. We'll talk to Tim about or about crude because we've got a couple of questions for that. But he's got a bunch of charts already prepared. We'll go into those right after he gets back on after the break. But that's kind of it. If you have others, let me know and I will forward them to him. We'll talk about it later in the show. But that's about it. See if anybody else has Yep, that's pretty much it. We'll be back in a minute. Time of booming inflation. We are purchasing powers eroded. There's no better place to protect your harder and money damning gold. This the gold flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tail one mining district. This is a large scale, low cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. 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These newsletters are packed full of Tom's advanced technical analysis and are geared 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. As we return, we want to welcome to the microphones once again Tim Ord of the Ord-Oracle.com. Tim has had a newsletter for 30 years now and made several very big long term calls over the years, probably most well known around TFNN for his gold calls around 2000 and winning a number of Timer of the Year awards. How are you doing today Tim? Are you there? Hello? We got anything? Bueller? Bueller? We lose the phone? I can't hear anything on that side. Well, Tim, I can't hear you. Hopefully you can hear me if you want to. No, that's it. It sounds like a busy signal to me. Maybe you'll call back. Let's go back to some of the other stuff while we wait. Yep, I'm here. Oh, there you are. Yeah, they had they put the wrong button or something. That's not surprising for those folks. They were having too much of a time party time there. Anyway, did you hear my introduction? No, I missed that. So I didn't hear anything. So I called back and so okay. Well, I wanted to say so you know what I said. I said Tim Ward is probably best known around TFNN for his gold calls around 2000. He's had a newsletter for over 30 years and one mini Timer of the Year awards in different in different products. But welcome back to the microphones today. Great, great. Well, we got a civil church to talk about. We can talk about something else or we can talk about the church. What do you want to do? Well, as much as I want to talk about nothing about Amber Heard and Johnny Depp, I think probably markets are probably the best thing to do. Let me pull that up. We've got chart one here. All right, let's go right to that. Well, the bottom window is the four day average of the advanced decline line. And I kind of just put the four day because it wasn't quite a week. And and so anyhow, it really when it pops out now that you really have to have four days of really a strong advanced decline line to really pop that indicator up. And and what you notice there, you know, that popped up back to the March of two 20,000 low, where you know, where we had the, you know, the virus outbreak and market tank. And right after that, you got a bunch of strength off that bottom. That's really a good sign to have to really confirm that the market has reversed back to up. So anytime you get greater than four, in other words, 400, basically four to one advanced decline on average over a four day period is very rare since the last time that happened was, you know, over two years ago. And so you know, when we came off that low of last week, it really signaled a pretty strong move up. And the top window is the NYC McCall and oscillator. And it got below 200. And it got above 300. That's pretty rare for that to happen. Give up last Friday was 351. And yes, they close at 260. But the point is, what basically minus 200, two plus 300, and, you know, about a week, week and a half. And last time that happened was also coming off that March low. So I identified the times when the 40 average of the advanced client was above four. And also when the McCall and Oskler hit above 300. And so that's really a sign of strength off that low. And everybody in the whole world's bearish here. I published my they post my market layer every Wednesday on stock charts. And usually when I get hate mail, which I did this time around, the really good sign that I'm probably right on this call, because I'm actually long. The S&P's here got long last Friday. But it's a really strong signal off of the bottom. And so far, even from stock charts, investors who are pretty glottom or savvy investors, don't believe that call is right. So anyhow, I think an important low was made here last week, or the exact low was probably a couple of weeks ago. But there is a important low here. And we do have a sign of strength off of the bottom. And that's kind of a lot of times initiation of an up move. Not saying every day is going to be an update. But we've been consulting since last Friday. And we're up today on testing the previous highs of Friday, I guess, right now. But to me, I think we're going to move higher. So we got some other indicators, too, if you want to jump to indicator number two, the bull bear. Yeah, the bull bear ratio, that kind of determines right now, or see, yeah, we're still a point three seven. And that's a bull bear ratio. And went back to 2007 identified the times when the bull bear ratio was below 0.40. Normally, you get bottomed around 0.75 decent bottoms, but this one won't weigh low. And so I did identified the times. And again, it happened back once in 2019, also back at the March of 2020, it's kind of that blue area there. It got down there and stayed down there. And that's usually a bullish sign. And even this is charts updated up to yesterday. So it's still there. But it didn't really work that well. It back in 2008, it got down below 0.04 a couple of times. They were short term bottoms. And the market did bounce. But ultimately, you didn't go lower, but still identified least short term balances. Since after the 2007 and seven high in and during that decline in 2009 bottom, after that, it pretty much picked out the major lows going forward. And sometimes even happening uptrend, you'll get nobody leaving a rally and everybody's bailing out for whatever reason. And the market continued to higher if this ratio is down below 0.40. So that's a sentiment indicator. In other words, that measures the American Association and visual investors, what they think about the market. And according to them, you know, they're all bearish. So which is a good sign. So I'm thinking something unusually happened here. We got inflation, you know, we got gas prices through the roof. We got a lot of things wrong. But the market seems to know in advance what what is coming. So I think something evidently something important is coming. So we'll be back in a minute with Tim or to the order dash oracle. If you want any of the charts, email me at pathfnn.com and we'll send them to you. Be back in a second. If you want to take advantage of this sector now is the time to subscribe to my gold report. The gold report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30 day money back guarantee. So you have nothing to lose every Monday morning. 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In this live webinar, Tom O'Brien will be teaching you his entire trading system, including quality volume, ABC structures, Fibonacci Confluence zones, cause and effect, swing points and more. We'll be limiting this class to 40 attendees. So please do not delay and reserve your seat today for this special live event with Tom O'Brien. All attendees will also receive a physical copy of his book The Art of Timing the Trade, An $88 Value, Mail to You, along with the free month of his daily newsletter, Market Insights, a $169 value. For all the details and to reserve your seat today, visit the front page of TFNN.com, TFNN Educating Investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. As we return from the break, we're pretty close to retesting the 41-68 high from May 31st. So we'll see. Kind of been sideways action volume. A little certainly lighter than for 31st, but it is a little bit lighter. We've got Tim Ord on the line. Tim from the Ord-Oracle.com has had a newsletter for over 30 years. Makes you feel young, doesn't it? I got that. He sent an email in there. Somebody was inquiring about oil. Yeah. And I got that crude oil chart up. It's on a monthly chart going back to like 1985 or thereabouts anyhow. The whole thing looks like a trading range here. I mean, it's basically you had a high in 2000. You had a down thrust, I guess you might say, in 2020, couldn't hold that. So we can't hold the previous lows. You'd try to take out the previous highs or the previous highs on crude is around 140. So in my opinion, that's probably an upside target. But, you know, it's RSI right now is almost 74 on the monthly timeframe. Seems like oils can definitely extend it on the monthly timeframe, according to the RSI. Not saying it can't go higher, but I think there's a little lid on it at around 140 because that's the 2008 high and probably going to find resistance there, especially if you when you get the RSI up around, you know, if it keeps going, there will be up around 80 and very seldom relax. It's never got to 80, but you get up around 75 is getting late in the game. So my opinion will probably hit 140 on crude. And it's pretty much had a run straight up from the 2020 low to where we are right now. There is no base building or anything going on to really say it's going to keep going here. So I don't I think 140 is probably about it that give or take a little bit. But I think that's going to find resistance. I'm not sure that's going to be top of any consequences, just probably where we're heading. We're at 115 right now area. So I guess I'm sure two bases will probably still heading higher, but not a whole lot higher. Well, we certainly had interesting action today with a news report that there was going to be a whole lot more supply. It went down for all of about two hours before it popped right back up. So it's not acting like the news headlines that would make it sound like it was going lower lasted all of two hours. So seems to at least even in the short term, the the action seems to be not believing that there's going to be a lot more supply or I guess there's going to be a lot more demand, one of the two. But I have a feeling that it's more about supply than demand right at the moment. But yeah, so I remember the long term highs are like 168 from back in 2006 or 2008 or so. Well, I'm looking at like crude. So you might be looking at something else, but I got the chart in front of me. It looks like, yeah, maybe 150. That was 2008 up in that range. And it felt like a rocket down. I mean, in one year drop from 150 down to 40. In 2008, 2009 went down straight down. The single biggest trade and hit the single biggest trade in history that made more money by a single individual. You know where in what sector it was in? Well, I guess we're since we're talking about oil. I assume oil natural gas, natural gas. Yeah, guy actually hit it at maybe he had a lot of money, but he I think he ended up putting in 100 million short on natural gas when it was in like 16 dollars and 50 cents and wrote it all the way down to a couple of bucks. But it made him it made him about a billion and a half dollars and still the single biggest trade by an individual ever in the market. So as you say, if you can't bust it up to go bust it down, but it's either heaven or hell in those markets. Well, he bet 100 million dollars on it and they ended up like more I made yesterday. Ended up with like one one point five or one point six billion at the end of it. So anyway, that's interesting. Well, when people tell me that they don't make any money short, I say, well, it all depends on what you're shorting. But certainly, that's the biggest trade. Anyway, I just thought that was interesting. So we've got the bulls and bears here. Anything else on this chart? Before we know it, it works pretty well. I mean, if you go back in history, you know, when it gets this low, you know, the shorts are, you know, late in the game. I guess you might save, you know, it's and you know, like I said, you know, I post some of my material on stock charts. And when you get hate mail, you know, around it, this time you're wrong, whatever. It's usually a real good sign that, you know, people take the time to write an email, say on how wrong I am and how convinced they are that the market's going to go down. And you really need conviction for the public to really, you know, have a sour taste in their mouth and usually they're the ones that kind of get destroyed if they're so evidently it's a pretty good sign. I think Simmons just reached to a point where, you know, the downside is done, you know, the bad news is out. Everybody hates the market. And so at least you're going to go sideways here at worst. It's not go up. So and that's just a sentiment alone. But you did again have a sign of strength off that low, according to advanced line lines and Colin Osbler. So it's quite a combination, you know, how long the rally will last. I'm not sure, you know, maybe I think this one could last maybe a couple, three months. Now, like a day trader, you have an upside target. Well, I'm thinking this pattern that's forming here is a is a three drives to a bottom pattern. And I said that a while back, even a month ago. And it kind of looked like that. And so if it is three drives up top pattern or three drives to a bottom pattern, it has an upside target. This is on the SPY is around four 60, which is decent from here. It's, you know, 500 points higher. So it's a decent move up. And I think that could be there then for course, a 60 area on the SPY, I don't know. You know, say it takes a month or two or even three to get there. Then I think that run will be up. I think this whole year is not really going to be a down market. I think the whole year is going to be a sideways market. Well, when we come, so we'll see. Yeah, when we come back, I want to talk to you a little bit about your original theories on the three day weekends in the summer. I talked a little bit about that. I've kind of found that it holds some water on it. But when we come back, we'll talk to Tim a little bit more about that. In the meantime, the S&P. We got chart number three, two, so we'll save time for that. We've got another 10 minutes in the next segment, so we'll be there. Be fine. Anyway, getting close to testing the high of the other day, 41 60. So we only have about another seven or eight points to go test that now. We're back in. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels. 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The Prospectus or Summary Prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors, such as traders and active investors. Distributor, Four Side Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. As we return, we're back with Tim Ord of the Ord-Oracle.com, also the author of The Secret Science of Price and Volume available on Amazon. We're sitting right around just a few points below this S&P high of 4168 as we return to Tim Ord. We were talking about that three-day weekend, then we'll get into chart three here from you. But any thoughts on that again? Well, a lot of times when you go into holidays, I kind of noticed on July 4th seems to be, I don't know, just over the years. A lot of times if a market is going up and you start getting into a holiday period, a lot of traders take off early and the volume starts to drop out. Well, the volume is dropping out while the market is going up. That's a bearish sign. However, if the market is going down into a holiday period, usually volume drops out too because traders take off early for the holiday and the market is going down and volume is getting lighter going into that holiday a lot of times to the bottom. Now, this time around, you know, we had a three-day week Memorial weekend and I thought, you know, we're going to be either higher or low. Well, we actually had a decent volume going into last Friday. The volume really didn't drop off. It was pretty much steady all the way up. So that scenario didn't really work out. But if you go back and look at July 4th timeframe over the years, if you're going down, a lot of times that that particular timeframe is a low. If you're going up into July 4th timeframe, a lot of times it's a high. And the reason why is the volume drops out. So yeah, I just noticed that over years, every time, you know, the next holiday we got now, actually, we got Juneteenth. We got a Juneteenth coming up before the July 4th timeframe. I think that's on a Monday. I think like June 24th, which is kind of, I don't have a calendar in front of me, but it's in a later part of June and it's not too far away from the July 4th holiday. So I'm not sure probably one of those two days will probably have a reversal in the market, I'll put it that way. Mainly it's on a short term basis. So, but you know, that's my theory around holidays. It's not so much the holiday itself is creating a turnaround. It depends what direction it's going into that holiday and what the volume is doing as it's going into that holiday. So anyway, it seems to work fairly well. So, you know, you got questions on it. No, I'm sitting here googling my next day off, I think, if I had forgotten about it. So I'm trying to figure out when June, June 10th, I forgot about that. Yeah, it's on a Monday. Yeah, just June 19th. Okay. It's June 19th. It's actually on Sunday, so we don't get a day off. I was, when you said that, I was thinking we get Monday off. We get Monday off. Oh, do we? Markets closed on Monday? Okay. Yeah, Monday's Markets closed on Monday, so it would be the 20 June 20th to be off. Well, you know what you got about another few days and you got your I-4. Well, I was going to say I'm looking out here. So options, expirations on the 17th. Delta neutrals next next Weird Wally Wednesdays, the 8th. So yeah, you get through at least through options, expiration on that already. Yeah. Yeah. So yeah, I don't know. I think this is, well, Joe Biden created this holiday. So this is the first ever June 10th holiday ever. So for the market, I don't know what, yeah, for the market, but I don't want that to really going to have a big effect on the market. July 4th, it usually does because a lot of people, that's more of a, I don't know, celebrated, I guess celebrated holiday. So but July 4th, you know, a lot of times you'll see highs and lows around that time frame, at least short term. So let's move on to the chart because I think this is kind of important here. Okay. If you got time. It's ready to go. Yeah, this chart is actually the top windows I really want to talk about. And markets are really have symmetry and time, which are both price and time. And this this is a weekly chart. And the top chart is GLD, which is ETF for gold. And the chart goes back to basically mid 2010. And I drew this chart several months ago. I mean, probably around January or something. I shaded that area on is where I put the left shoulder is kind of a shaded pink area. I said, well, that's about two years. And this mark is going to hold symmetry. And I drew the chart says in June of two years, I drew this back in January. Well, we're obviously now in June and those two time frames, another to left shoulder in time is about equal to the right shoulder. So I thought that was kind of important that if you go down, I didn't put the GX or summary, I've got the GXJ there. But at the same time, you got GDXJ hitting support around the 40 area. And you go down to the bottom window, which is the GDXJ to gold ratio. It's also at a support area. So you got kind of a three prong line up here. You got time pretty well in an area where if it's going to happen, this probably be a good time. And you got GDXJ at major support and you got GDXJ GLD at major support. And all three of them are kind of really lined up well. So if I had to make a guess here, I think there's something important should happen right around here time wise and price wise. So yeah, I just wanted to pass that on. So I'm thinking if something is going to happen here, this would probably be the time to do it. And so we'll see. I guess a month from now we'll know if this time frame was important or not, but everything seems to be lining up here pretty well. And usually summers, spring and summers, and not the ideal time for the gold market seem like it's always in the fall or right after Christmas a lot of times. But we'll see how that works out. But and you know, gold or GLD right now is up a bunch is about four and a half percent. So to be going to be important move starting here is one taken. So but well, if you want to talk about. Well, we're only about 30 seconds before the break here. That's pretty much it. We're going to probably see you in another couple of weeks again. All we want to thank Tim or of the or dash Oracle dot com for being on there. Any other things you have in the next 10 or 15 seconds? You want to get off your chest? No, I think the market's made an important low. And I think recently GDX and the stock market kind of halfway trading together. So I think one goes up. The other will go up with it. So I think I see that happening here too. So I'm bullish on both right now. Well, I want to thank Tim for being on the line. We'll see him again in a couple of weeks. Thanks again Tim or to the or dash Oracle dot. Right. Thank you. 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 dot 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. 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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 dot com. Educating investors. Tom O'Brien show next on TFNN. A little bit of a pull back into Friday's close as people get long and then run for the exits come Friday afternoon or at least a little bit. Options really have shown as I said when I came back on Tuesday were very tight. I didn't see a lot of movement this week. As I said you know if you're trading you're probably trading on 5, 10, 15 minute charts I look for bigger swings. I had you know we had some decent winners in the newsletter we got out of them and more than willing to sit back and see if we get you know maybe a pullback that makes an ABC higher or maybe we get a signal here that says this is the top. But pretty tough to make a lot of predictions until the next couple of days go by. Next Wednesday of course is Delta Neutral day for options market makers. My work is a lot based on that. We'll know a lot more next Wednesday about which way the market's going. I just have a very narrow but wide expiration charts for tomorrow and that just kind of tells me that you know anywhere from you know 41, 25 maybe to 41, 100. So we're going to have give back what we got today and not go much lower. Question is just how long we kind of chop around in this area in solidation. But that's pretty much it. Oil responded to a story. It gave it the raspberry it's back higher. I think that's the big story of the day. So when you can not when you have to we shall return. Building wealth trading in the stock market seems impossible to most people. They think it's too.