 is a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Let's go to Alan Homassassa. Hey, Al, what's going on? Isn't it wonderful? This gentleman here with the gold report right before the market fell apart ended up with PAAS. We have a 98% gain in the year. And, I mean, more than 99% proof, like Irish whiskey. But we had a good gain there. He always told us to do what we feel comfortable with. And if I lose a little bit of money on the table, I will. But I know that I just pocketed $8,000 or $9,000 in two weeks. That's a beautiful thing, man. Now, Tom O'Brien. Well, welcome, folks. This is Tom O'Brien of TFNN. We have five days a week. We go seven hours a day. We go 24 hours a day on the internet at TFNN.com. Always remember, folks, whatever you think about, you bring about whatever. You focus on growths. Hope everyone's having a great day, safe day. And as we're all traveling out here, if you're traveling, please be safe, folks. No drinking, no driving. Have a lot of fun out here. Always do your best. And this is all I love this card. And this is a great card to kick into the whole weekend, kick into Christmas, New Year's, whatever celebration you're celebrating. I wish you have an awesome one, folks, OK? Doing your best means to take action on your ideas. Many great ideas. You can have many great ideas in your head, but without action. Upon an idea, let me know manifestation, no results, and no reward. Not good, guys. Let's take a look at it out here. We have the Dow Industries up $277, Nasdaq's up $141. S&Ps are up $38. Gold contract up $8, trade at $1810. Silver up $0.13. $22.93 amounts. Lightsweep crewed up a buck. $73.80 a barrel, notes and bonds. The 10-year note, down 7 ticks, trade in $130.16. The 30-year off 26, down 26, at $160.18, and $Kingdala. $Kingdala's down 51 ticks, trading out here at a price point of $9602.05. The Euro is at $113. The Yen's at $114.45, and the British Pounds at $134.00 to $1.00 US dollar. Our phone number's 877-927-6648. Give us a call, folks. One note's going on in your world. In the world of the S&Ps, let's take a look at them. And there's no doubt, if you just heard the update, this is a classic, man. Now, that being said, when I say a classic, what I'm saying specifically is this. That we've been talking about this consolidation that I think that we're in. You know, we came down hard, the S&P turned right around. We're going up tremendously lighter volume. It hasn't hit the high yet. My take is it's gonna hit the high. And my take also, folks, this is where this gets really turkey, man. When this gets too easy, this is my own perception right now, that the volume is contracted so dramatically, I'm saying to myself, you know what, man? Anyone that really does present volume, this is almost too easy, man. I mean, meaning that, oh yeah, it's going to go up the top, it's gonna fail, and then it's gonna go downtown. So what you're hearing off of me is that if you're gonna sell this after it's testing, just be patient, because it's almost looking to me that what we'll probably end up doing is this. Because what happens is this, when you've seen all these different markets, we talk about this a lot. I can definitely teach the out of time in the trade, price and volume, the different technical setups that are there. You gotta remember we're in the probability business. What you can't teach is that you've seen these different types of setups. And so what happens is that when you do see these different types of setup over the course of years, it helps, the reason it helps is that you just get more familiar with them. And it doesn't mean that you're gonna be right on what you're thinking, but it is a lot easier. And in this particular case here, it's like, okay, you know, hey, we'll see where it's going. That's the bottom line. My take right now, it's gonna hit the high, and I think where my head's really going, I think you're gonna spike the high in a big way. So what that means is this. A spike, let's say next week you start going sideways a bit. I think they're gonna run this more than likely right into the new years. And you gotta remember something, we are open five days next week. And I've seen this happen, and it's like, okay, you get, we have five more days, man. This is not gonna just lay at the highs. I think the more I keep thinking about it, it's like, I think they're gonna basically take that high out in the S&P. And if that's what they do, meaning all of us in general, then what you wanna do is this. If we bring up, I'm bringing up the end of the X100. I get the three Qs up, right? The contraction's huge. If that's what happens with the S&P, then just stay calm, stay patient, because the Qs will go to the high. One will catch up with the other. That's kind of how it shakes out. Gold, gold contract is gonna be interesting with the gold contract is what we have out here is that the bottom line is that the market's closed tomorrow, so liquidity-wise, we are talking about the aspect that you are going to, we're gonna close this afternoon, and it's really not gonna get liquid till Sunday night at six o'clock. You know, we got gold running out at 1810. You know, bottom line is that, you know, it took out the lower part of the consolidation. We even got above it. Now the real question's gonna be, can it get some juice behind it? Because there's gonna need juice behind it to basically get into this day of the 22nd of November. You know, what we do have on physical gold and physical silver is pretty cool. And what it is, is this folks, okay? Is that when the markets, you gotta remember something, when we take a look at the metals market and we're talking about the futures, that's exactly what is the paper market, buying and selling. When you try to go out right now and buy any type of coins, the premium on coins right now, and I'm talking about the premium from me that is even, you know, I can basically get them as close to wholesale as possible, is like over $100. So even though we're trade at 1810, if I try to go out and get 10, 20, 30 eagles, okay? The bottom line is that I checked last night. Last night, the guy wanted a buck 10 over it. And, you know, he's the kicker, and he doesn't have any right now, but he can get them. I mean, I've been doing business with this guy forever, okay? But that's a heads up. That's definitely a heads up. What's really a heads up, so listen to this part of it, this is even crazier, that the bars that normally don't have a huge premium have a $75 premium. So most times when that happens, you will see the aspect that we are gonna go a lot higher in gold, because that's how it happens. Meaning that you have the paper gold and there's nothing wrong with that. I mean, you know, trading futures, the whole ball of wax. But then when you're trying to get there physically, you can't get it. You can get it, but you're gonna make your pay up. So I suspect that's where this whole thing's going, meaning higher. And it's very possible that it's gonna be the good to US dollar, okay, that's gonna basically make that happen for us. You know, this dollar is still bottom line one day it looks like it wants to go to the highs, next day it's like, okay, it gives it up again. And the question about the premium and silver, the premium and silver, so check this out, the premium and silver is 23%. You know, if you're gonna buy silver folks, the bottom line, I wouldn't buy the silver, I'd buy the SLV. It doesn't make any sense because you'll never make any money on it, okay? You get a 23% premium on the way in. I mean, forget it, man. Just buy the SLV, it's the same thing. Stay right there folks, we'll come right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights is published every morning when the market's open to give you the competitive informational edge that you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. 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Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back folks to Dow. Dow Industrial is right now up 272. You get the NASDAQ up 152, S&Ps are up 40. And folks as you come over to our website at TFNN, the TFNN Holiday Tiger Dollar Sale, it ends, you know, today. We do this a couple times a year. If you are looking to save any money and get a good value at TFNN, this is a great way to do it. We only do this a couple times a year. And the way this works, okay, is that, whoop, there you go. You could buy $500 worth of Tiger Dollars and we give you a 20% bonus, which is an additional $100, so you get 600. You can buy 1,000 and what we do there is that we give you a 30% bonus or an extra $300, which is a 30% bonus. The max you can do is 1,500. That gets you an additional $600 of 40%. Tiger Dollars are good for all product at TFNN. If you have product newsletters right now that you're getting, great way to save money. If you're getting them in the future, great way to save money. They have no expiration date and they're totally transferable. So check it out on the front page of TFNN. These do expire, you know, basically tonight. So check it out folks. Okay, let's go take a look at, this would be fun. Okay, if we take a look at TQQQ. So the TQQQ is the Procia's Q's bull position, 300% bull position. Now, one of our tags is we're looking at this to see whether it's, you've got a small ABC structure on the way up. Okay, so let's see what we're doing. Okay, one second, let's see what is he saying. Okay, I see. So this is where it took out the B. Took it out there too. Yeah, this is pretty cool. Okay, so when you take a look at this, yeah, you do. This is the, and so what I'm gonna do here folks is this. We're gonna do, well, you know, it's interesting, Dan. That's one of the targets I'm talking to you. He's talking about a 60 minute chart, but I just did a, like I did a 10 minute chart. I think I did a 10 minute chart. Yeah, that's what I have, I was defaulted to. And it doesn't matter. It is an ABC structure and on the way up. And I want to see how big it is now because this is a good size one. I mean, you can take the bottom there, which is 145, there's one of them. There's 145 to 156. So you got 11 bucks there, right? That brings you to 166. So I'll see, there it is there. That's right there. If you can see this is, that's 166 and we're at 166. Now the question is, is there another one? Okay, so now I took this one. Yeah, I can take this one. This is an ABC inside of ABC. 154 to 160, that's only six bucks. That gets you to, yeah, it's still the same ABC. Okay, so let me see. You're seeing a 60 minute chart. Let's do it this way. So the ABC I have, this is finishing right now. Okay, so now I'll get in a 60 minute. Oh, I see what he's looking at. Oh man, well, this is gonna be fun folks. Okay, we're going up, here we go. So 160, you B, 145, you're A. You got 15 bucks. You got 57, 67, 73, 173. Yeah, he's got 176. We're going higher man, that's the bottom line. And there's, it's gonna be really intriguing watching this whole thing shake out. Because as I said at the beginning, it is almost too easy that yeah, you're coming up there with light volume, it's contracted, it's gonna say listen man, it's just not gonna go to the top and reject higher price. I just don't think that's what's gonna happen. Notes and bonds, let's go take a look at the note and bond market out here. So we take a look at the active contract. Right now this is down seven ticks. We're trading out of the price point of 130. You're doing 501,000 contracts. Now you can see, this is a market, when you look at this, this is to me, this is a market that wants to go higher. Versus the S&Ps, because when a market wants to go higher, you know, we got all the way up to this 131.19. You're pulling back with tremendously lighter volume. That's what's supposed to happen when markets want to go to higher price. They move upward volume, they pull back with lighter volume. And that's what we have happening out here, man. That's the bottom line. We came down on Tuesday with a million contracts. Yesterday went sideways at 760,000. Today you get 501,000. And that 501,000 by the way folks is going into 1.8 million as well as 1.5 million. We take a look at the yield. The yield is 1.49 right now. XBT, let's go take a look at Bitcoin because what is always intriguing is that when you get three days, Bitcoin I suspect is gonna be all over the place this weekend. That's just how it goes. I mean, Bitcoin never closes. So what we have here, Bitcoin is up right now at 1733. And you know, we'll see what they can make it up to this 53,000. We're trading at 50,000 right now. Tesla, so good old Musk has a few more equities to sell. Well, we don't particularly know how much. That being said, this is almost a classic that's going higher also. You know, if you wanna see something, you know, we came off the highs of 1243. The gap was at 910. And we traded down to 886. And then you closed at 936. And then what you have here, just the way that this is set up right now, it's like, okay, you know, you have a break of the downtrend that's been in place out here since December 1st. That's saying that 1172 is game once again inside of Tesla. So there's some action there. Some of the higher volume equities we have out here in this low volume market. Let's see, we got Apple is up 77 cents. Advance Micro is up 280. We have Micron Technology up four bucks. Tesla we already talked about. You have Bank of America, that's up 23 cents. Snap is up $2.13. And Stone Company, I don't even know what that is. Okay, so let's go see, CGC. Let's see what these pot companies, if they're doing anything. We take a look at the Canopy, that's up 23 cents. And we'll see if we can make a bottom, man. This is, put this back three years. I mean, three years, yeah. Okay, $9, it goes down. And what I'm doing this folks, I go back to March of 2020, that's the pandemic, right? $9 was the low. That low had 34 million shares traded on the weekly. Last week we did 35 million. This week, that's five, then 26. And then that's gonna be 30. So with one day close, it's gonna be like 30. This looks to me, man, that it wants higher price. We don't have, it's not as clean as I'd like it to be. And what that means is this, is that as you go against the volume from the 20th, March 2020, I'd like to see the contraction even more. As well as the last week lows. That being said, I think there's a lot of upside here. Cause what we do have is this, is that when we went higher to $15.96 on the week of the 19th, I mean, the week of, yeah, November 19th, that has volume there. And the prior week does too. And it took out that little consolidation. When it did that, then it gave it up again, you know? So we just might get some action here. Stay right there folks, come on back. iPhone numbers eight, seven, seven, nine, two, seven, six, six, four, eight. Don't forget about those target, all those folks. They expire while the deal expires tonight. Have a great, stay right there, come right back. Are you having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex creditor in the trading markets and join the Tiger's Den trading room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. 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Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional might-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. 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. Welcome back, folks to DAO. DAO Industrial is right now up to $69. We get the NASDAQ up $143. S&Ps are up $37. Let's go inside the end of the X100 first. We'll see what's moving that market. So Tesla, moving it, that's up 5%. You got Micron up 4%. You got Makata Libri up 2.3, and you got Peloton up 2.2. That's positive inside it. Negative, JD.com is down 7%. You get Penduladu off 1.3% and Zoom is off 7.10 to 1%. Inside the DAO Industrial, so first, let's look at this DAO Industrial chart for a second. So the DAO Industrial, oh, this is interesting. Okay, so the DAO Industrial is thus far. This is what, it's got to the top of the consolidation, 35,983. That's over it, man. Okay, that's gonna be interesting. So the last time we were up here, you had the spike high of the December 16th, and you gave it up in spades. We went from 36,000 down to 34. It looks to me like the DAO's gonna be going for the highs again, man. That's how it's set up. Let's see what's point-wise, what's in here and what they're looking at. So point-wise inside the DAO Industrial today, you got Caterpillar puttin' at 27 positive points, Honeywell 25, United Health 20, Goldman 20, takin' away from it, it's only two stocks. Visa, three points, negative and Merck won. So when you take a look at that set up, it's gonna get intriguing that it looks to me like the DAO very well could get to its highs. Let's go take a look at Southern Copper, SCCO. Southern Copper now is one of the largest copper companies in the world, folks, okay? The low for the year, they take in 10.8 billion a year. The low for the year is 50 foot all, it's the high is 83, it's trading at 60 right now, and okay. So when we take a look at this, this has been in a consolidation. Gonna put this on a weekly. Oh, nice, okay. Yeah, I like this set up. This is a good set up, wow. Okay, so look at that, I don't believe when this happens. I gotta hit, whoa, first, you know what, I gotta interrupt this for one second. I gotta find out what this realty income is. Some reason I keep hittin' this, realty income owns the manager's portfolio. Yeah, let's go back to SCCO and then we'll go back to that. Okay, so put this on a weekly. Okay, so this is good too. You're already, if we go back to the week of the 15th of October, you went top side, got to 66 with volume, came back and tested it with 3.7 million versus 7 million, which is great. Last week, oh, this is cool, so check this out folks. This is, okay, this is a nice set up. The reason I'm excited is this. So when you get, we had a high volume week last week, down, okay? So when you get that, you have to get, what I've found is this, you have to get under that number in order to basically really get higher and get something going and we did it, okay? Last week, the low was 56.51, we did 8.4 million. 56.44 was the low this week, okay? You know, we're going to have lighter volume, a lot lighter volume. I rejected lower price and then we stopped putting this together now. The way that I like looking at this is that you had the sign of strength, you pull back with lighter volume. When we had the sign of strength, what you had is that it actually broke the downtrend from the highs that were generated out here at $83. So this is saying it wants higher price. And what's going to be really intriguing, you know, that you don't hear about, you know, you always hear about the aspect of precious metals. And I'm talking about the metals that, you know, not the gold and silver, that folks need, you know, inside of the electronic, I mean, the electric car business. The bottom line is that they need copper on a lot of copper. And so it's going to be intriguing because copper in general, okay, the bottom line is that when, you know, whenever there's cranking, which it is, copper likes to go higher. And in this particular case, though, with all the new electronic cars, okay, it's going to make a huge difference. And I suspect that that does want to go higher. So let's go take a look at, so the answer to your question is that, yeah, I would say that Southern Copper wants to go higher. And, you know, we'll see whether the rest of this shakes out. I know we want to, we want to go to the XAU and the HUI because what we had out here yesterday is that they caught the bid, they got over the consolidation. So if we take a look at this XAU, we're trading in 130 right now. And yesterday you did 19 million. That's coming into 29, so that's not great. We need more volume here. We need more volume. There's no doubt about it. And we'll see whether we're going to get it. The Gold Bugs Index, we take a look at the Gold Bugs Index out here. What we have with the Gold Bugs Index, up $1.95 right now. The volume that we had last night, 15 million. And you're going into 22. So we definitely need volume out here. That's the real bottom line. We'll see where this baby shakes out. We go into the SLV. We take a look at the Silver Market out here. Okay, so this is a nice one. So look at this. You know, Silver came down. We came down last week and tested the swing low of September. The swing lower of September, we had 56 million shares traded. We came in with 44 million. You rejected lower price. You had lighter volume. It's taken off top side now and it's still in the range. And this is saying that we're going to go back to the top of the consolidation, which is the $25 area. If you haven't traded consolidations before, folks, okay, look at as many of them as you can because what is, I suspect what's going to happen is that we're going to be in a large consolidation. And let's bring it up right now. So this is going to be fun, okay. So I'm going to bring up the cues first because if I'm right in the context that we're going to get in this big consolidation, there is a very good probability that you could do very well in this market and, in fact, probably better than most of you have done just when a market just goes higher. And the reason I'm saying that is this, is that what ends up happening is that, okay, so 350 is where I'm thinking what's going. And what ends up happening, so if it's going to 350, you get 350 at the lows. You get 408 at the highs. And when you have something like this, you don't have to get in at the very lows or the very highs. But what you get, what's so nice about it, is that you have the consolidation that's in place. So you can keep your stops very close when you're first trying to put the trade on to see that, okay, you got, let's put you the first time you go in. You put it in, you put a stop in. Wants to go higher. Okay, you get stopped out. Then it starts turning. You put another one in. You don't get stopped out. Then it comes back down to the other side. And then that particular point when we're talking about, like, let's say it goes to that's 350. What you will get is that it's a lot easier buying all the time because that's what people do. But you will get used to buying and selling a consolidation. And that is a two-way market and you want to be a two-way trader. That's the real bottom line. Stay right there, folks. Come right back. 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. From the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. Toll free at 1-877-927-6648 internationally at 727-873-7618. I'm O'Brien. Welcome back, folks. I'm Dave Dow. Dow Industrial is up $259. We get the Nasdaq up $146. S&Ps are up $38. Let's go take a look at Amazon. So we got the antitrust. They're going to go after Amazon. They're going after them inside of the AWS, meaning their web services business. We'll see what that baby is going to shake out. I suspect that's going to be a few years battle. No doubt about that. Everything takes years. Amazon's been on a large consolidation for a good period of time here. If we bring this up and we put this on a three-year weekly, you're going to see this has been some kind of consolidation. Now, the wild thing here is this. Yeah, let's bring this back. Okay. So I'm going to actually bring this back five years. Yeah, that sets it up pretty cool. So check this out, folks. So this is the aspect, consolidations most of the time are building cause and most of the time it's building cause for higher price. So if you take a look at Amazon, what Amazon has done, what you're going to see here is that once I'm just setting this up so you can kind of see how the clarity inside of this. Okay. So we take a look at Amazon. I'm bringing this back, okay, 2018. You can see in 2018, right, what ended up happening. We made, well, first off in 2017, we made a run from $950 to $2,000, okay? So you did a double, right? We did a double. What ends up happening, it consolidates from June of 2018 all the way over to April of 2020. Now, when you consolidate and that's good for inequity, folks. That's the bottom line. You're building foundations. You know, when I always look at equities and particularly because I grew up in South Boston and the South Boston folks, we have three decades all over the place. So when I was trading the market was always that, okay, you go up one level, then you're you know, basically at a landing and then you go up another one. And once you go up the bottom line is that if you're getting up the stairs, you know, those landings are important because the longer that you stay at a landing after you get by that landing, the more support that it has. And that's what these landings are. So that first landing was out there 2018 to 2020, okay? It takes off. Now, when that takes off, you can see and this is why you absolutely want to know how to do ABC structures. So watch this. I'm just going to do this one for you and we'll see where it check it out because I didn't do this earlier. I just want to see. So this was a monster ABC up on a weekly. The A point was like at 960. The B point was 2050. So you know, we're talking about an 1100 A to B, right? The C point is 1307, what did I just say, 1100. So that's 24, right? Yeah, that's 24. Well, a lot further than 24, man. Holy cow. Yeah. I'm up to 35. It went up to 35. Okay. That being said, the bottom line, you can see the type of consolidation that we're in. And if we break these highs and you have volume behind the break, this is what you have. This could be a monster ABC up. The B point on this is 3550. The A point is 1600. Oh my God. That's almost, that's a 1900 A to B. And then 19, that gets you about 4900. That's what it gets you about 4900. So if this breaks top side, that's where this thing's going to go. And they are going to be looking, revenue-wise is what they're looking for. Next quarter, they're looking for 138 billion to the top line. And they're looking for $4 to the bottom line. From this year to next year, they plan on doing, look at this, man, this is unbelievable. They plan on doing $75 billion more than they've done. So they're still growing like leaps and bounds. No doubt about that. North America, they're growing by 10% a year. You're growing by 8% a year internationally. The web services are growing by 12.5% a year. I mean, if you're looking at these numbers, they're growing everything. They're growing subscription businesses, AWS, third-party seller services, online store services, and other. And I suspect where the Justice Department is going on the antitrust would be the aspect of them using the information that they have. That's why I think they're going to AWS, using the information that they have in order to basically say that they're choking the market. Because the bottom line, myself, as everyone else, when they use Amazon all the time, you can see what happens. Any type of stuff that you buy, if the dealer is selling a lot of it, then you're going to see that Amazon starts selling themselves. That's the reality. And they have that information. They have that information, which is a huge deal. Because picture, you know that XYZ, they're selling, selling, selling new product. So the bottom line, all of a sudden Amazon saying, hey, I got to sell that product. They cut that guy out, come in, start selling their own deal. So we'll see how long that plays out. I expect it's going to play out for a long period of time. That's the real bottom line. Yes, so let's go take a look at MJ, a couple of tags that say, okay, we look at a few more of these. And MJ is the ETF structure for the pot business. The low out here is $10, the high is 34. And this one here, this looks off the lows, too, which is really, yeah, I mean. And this is something you want to keep your eye on these folks, because if we are off the lows on this, right, what happens is that, and they do have options, too. So let me just see this for a second. So we trade $11.76, yeah, the premium is not bad either. So inside of MJ, I just want to see these holding structures, what the holdings are. So you've got Aurora, Tilray, Aurora is 7%, Tilray is 6%, Canopy is 6%, Chronos is 5%, if Arena Pharmaceuticals 5, Grow Generations 4, Vector, I don't know who Vector is. Miracle Grow, yeah, it makes sense. Miracle Grow makes money no matter what they do. It's a good setup. That's the bottom line. And what we will see is this. You are going to see every new year, fund managers, folks, look at what they have. What they do is this. They're always calling around, do you have any new ideas? Do you have any new ideas? Do you have any old ideas? That's what they, you know, because everyone rewinds at the beginning of the year. And we'll see whether they rewind going into the pot stocks, into gold or silver, into commodities. And I suspect the commodities, I suspect that's going to happen, because the commodities are set up perfectly, meaning that inflation's here. You know what blows my mind? That I hear folks, and I hear folks that should know better, because they were alive at the last inflation. And I hear folks, I heard this guy on Bloomberg this morning saying that he thinks that by the second quarter of next year, which is only six months away, right, that inflation is going to be cut in half, and everything's going to be great. Hey, listen, if it is, God bless all of us, that is not how I've seen inflation in the past. That's not how it goes. That's the real bottom line. Stay right there, folks, we'll come right back. 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. 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So, you know, I follow you. I follow Basil. I follow Steve. And I'm looking for a leg D on the spies, but you just got a D on the SPX. And I think that's because the spy just paid like $1.60 dividend, so it reduced the price of that. Yes. So, the SPX just actually took out the most recent high from four or five days ago, and it got really close to the all-time high. I know. But the spy hasn't done it yet, because I think of the dividend thing. I thought the way you see it, too. That's correct. This is a great question, because what happens is this. So, watch this. I pull this up. You see, I think it's 0.5. OK, it's 9-tenths of 1%, 0.95 exactly, OK? So, what happens, folks, is that over the course of time, you're going to see that the spy, where it's 471.50 versus the S&P, because this belts it down at 47. See how that works? Yeah. Meaning that the 1% over the course of time has changed what the price structure is in the spy versus the S&Ps. That's how that works. So, you really want to, when you're doing time, price and volume, you really want to check the cash index, because the spy itself is going to be, the price is going to erode because of the dividend. That's correct. So, it's not going to be equal. And the same, and if you're doing this, folks, and you're doing with the GLD, it's the same thing. See, when you look at the GLD, it's 168.96, OK? And we know gold's at 1,800, but the fees that you're paying are 4-tenths of 1%. So, what has happened in the course of the last 15 years when the GLD started, that's what the price differential is. That's what it comes down to. Is it the fees in addition to the dividend that they pay, because like the spy paid? Well, then, yes, it is. Let's see, one second. Yes, it is. Yes, it is. In the spy's case, it is. The GLD doesn't pay dividends. In the spy's case, it is. Yes, it is. Right. OK. Cookin' man. Have a great one. Have a safe one. Don't forget about the Tiger Dollar sale, folks. Midnight tonight, it's over. Have a great Christmas. Have a safe Christmas. Whatever else you're celebrating, have a great one, folks. Come visit us Monday morning. Tommy kicks us off. Great, great show. Whee! Don't get him, folks.