 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 in the internet at tfnn.com Always remember folks, whatever you think about you bring about whatever you focus on grows up everyone's having a great day Safe day. Let's make a great week folks Replace fear with love The human mind is like a fertile ground with seeds are continually being planted when you're impeccable with your word Your mind is no longer fertile ground for the words that come from fear. Your mind is only fertile for the words that come from love Either live in love or live on fair folks. I've done both a lot easier living in love, man Let's take a look at it out here We have the Dow industrials right now down for 47 BASIC down to 90 S&Ps down 68 gold contract flat 1814 ounce silver up 69 cents $23 61 cents an ounce light sweet crew Up $2 85 all is 91 cents a barrel notes and bonds the 10-year note down 26 ticks trade in 1 27 11 The 30 year down a full point plus 21 6 at 153 22 and King dollar King dollars up 458 ticks There we go trading out there at 95 7 16 Euro is at 113 the yen is at 114.63 and the British pound is at 135 to 1 U.S. Dollar iPhone numbers 877 9276 648 give us a call folks one notes going on in your world and the world of the S&Ps Let's take a look at them. What do you have? Well, we've had a down market all day when you take a look at the indices What do you have out here? You got the Nasdaq got trading down 1.9% you get the S&Ps down 1.2 and the dows down 1.2 that being said You're coming into the lowest swing but from last week the lowest that lowest swing had a had a low Well, you get two two different ones actually we're gonna use the lowest swing from last week That's the last swing point that we have and it's already rejected lower price So we went to that swing point there. The low is 456 59 There are 119 million shares traded. We made it to 455 46. You rejected lower price I expect what you're gonna see as as we come into this close US H Let's go and look at this and see what we're thinking here. So you had a low of 4561 You're 24 points off of that low right now The first time that we got a bid all day long Well, you actually got a couple you got a couple actually but the last all of 10 minutes 20 minutes Okay, so now the question is yeah, we still gonna sell us see this is interesting here So so look at this folks. So last swing point there Suddenly E-mini said 31,000 contracts. We get just got up there with 29,000 So that's not bad, but watch the next bar the sell so you get 29 and then all of a sudden we went up to 33 And that was the sell down from the 4595 and now we're 4584 again I suspect what we're gonna see here though is that you're gonna grind into and it's gonna try to get it to somewhere above 303 so I suspect that that'd be Getting you up another 15 points from where we are. We'll see how that baby shakes out and the x100 We take a look at the three queues three queues have the same type of setup The difference is that you have not got any type of rejection of price on the three queues We the lowest 371 11 today you're 372 56 You do have a you know less volume, but the bottom line is that you don't have a rejection a lower price out here Go gold contract caught a bit out here, you know, it rejected lower price at the 180 for you've done 346,000 contracts bottom line this thing is looking for higher price. You rejected the 180 for You know this this wants the next swing point there is 1881 might take it once 1925 if we go into the silver contract You're gonna see silver Even when gold was down at that 180 to Silver bottom line was taken off like a rocket ship so to silver took out the consolidation and You have plenty of volume on on the takeout here We got over a hundred thousand contracts right now So as to say with the silver this happened at 2554 is your next swing up? That's you blown this way 20 let's see 23. Yeah, cool So we're we're 200 points right now 200 ticks rather Over the consolidation that's saying that thing that thing wants higher price now King dollar is not cooperating King dollar Got it, you know King dollar last week it broke its consolidation Now this could be real classic and what the classic would be of course is that you go up to where you broke Okay, so picture And this isn't you know, this is not scientific by the way, okay, technical analysis is You know a probability business So the break of the dollar last week was 95 625 We're a hundred points over that right now and when I say that you know, that's why you like okay We really put this line, you know, you know, it's a consolidation But you know, yeah lower part of 95 515 and then it could even go up about as high as 95 894 Okay, bottom line. We'll see how this shakes out thus far It really hasn't Rejected lower price as it got to higher price notes and bonds you take a look at notes and bonds That's what's moving markets out here today Just no doubt you have notes as well as bonds break their low and let's see We wouldn't like to get an ABC structure on the way down and this is where the ABC structures really work Well meaning yeah, it's an ABC down. Okay, so the 10 year just we went 131 19 to 127 30 so you got So four and a half points that's gonna bring you to 124 About 124 right now we're 127 so that's gonna be a big move still We go take a look at the 30 year the way the 30 years set up I suspect this is gonna be an ABC down to okay, so you broke this swing point Let's see what we got here Okay, so it's an ABC down to so you got 163 19 and Okay, he's won 154 so we get nine bucks. That's gonna bring us to 140 Let's say Colin 148 and we're at 153 So this is gonna put some more damage into the marketplace, man I mean because you know people, you know, I look at these rates and how fast they've gone up We'll see where the whole rest of it shakes out, but there's no doubt that they had some big movement We take a look at some of the higher volume equities in this marketplace You had Microsoft take a take an overactivation activisions up 17 and a half dollars We got let's see AMC's down a buck 60. Look at this AMC's at 1895 making his way to three dollars You got Nvidia down nine bucks. That's trading at 260. That's that's in trouble JP Morgan That's out 657. That's a big hit 154 34 stare at their folks come back when I'm a Mr Bowser Chapman