 you can watch all of this in the next few years. The presentation of T F N N. The Tom O'Brien show is produced every business day. Tom takes your phone calls toll free at 1 877 927 6 6 48 internationally at 727 8 7 3 7 6 1 8. Let's go to what Alan Tampa. Hey Al, What's going on? Oh, it's a lot of money. I mean, it's a lot of money. It's a lot of money. It's a lot of money. They're missing out. I mean, with your goal before you just print in money. I love it. You're my best dad out there out. Let's go to Jeff and New Jersey. Hey, Jeff. What's going on? Great. Hey, listen, I was calling to thank you a few weeks ago. You were prompting on your show to fill out that $10,000 grant. Yes. That's awesome. Yeah. I owe it to you because if it wasn't for your prompting, I would have just assumed, you know, no way I would have gotten anything. So I wanted to thank you. No, we appreciate you growling a problem with us yet. Now Tom O'Brien. Welcome folks. This is Tom O'Brien of T F N N. 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 what you're doing. You're doing great. You're doing great. You're doing great. You focus on grows. Hope everyone's having a great day. Safe day. Making a great week, folks. Always do your best, but don't overdo. When you overdo your to plead your body and you go against yourself and will take longer to accomplish your goals. Make it wise. Let's take a look at it out here. We have the now industries down 70. Magic's off 98 dollars and $19.64 announced light sweet crude up a buck 65 $90 98 cents. King dollar King dollars up 369 ticks trade in 113 162 the euros at 97 the yens at 145 and the British pound is at one 10 to one US dollar bond markets are closed out here today. Our phone numbers 877 9276648 it was called folks on the phone. So let's take a look at it and what do you have? Well, bottom line folks is that you get a start of a bounce. You know, we have out here. You get the spy today. Made it to 357 the last low that was out there was 350 704 went to 350 7.6 zero rejected low price there. I really want I want to see this inside the trading day of the 17th of June. That's why we're going out here. We had 111 million shares there. We did come down lower with 153 no doubt. And that's why I'm saying this could have been the test of this. But if it is you want it inside what what the lower high volume day was and that is 362 17, you know which we can make today by the way okay because the bottom line is that this market looks to me like it wants to bounce now we take a look at the index 100. This needs higher price to we got down to 363 rejected it. It's going to have light of all and we're 266. You want to see this one get into 269 28 when we started out the day folks this could have been a real problem if you're bullish. This is if you're bullish this is a much better scenario that we're going to get a bounce here when we started out the day and if we went higher with this light of volume would have been a total disaster because it would have been building cars for the next leg down. Now when you line up what kind of where we are. It's it's my take is that we really can get a decent bounce going here. You had the first little fracture come out inside the Fed and that's why you saw a bounce intraday out here where it was a lot of line. You know and she's been hawkish OK. And she came out with the aspect that well you know we got to watch the liquidity incidents when the Federal Reserve are any bankers you know the mark well mostly bankers. Yeah the market in general when they start talking about liquidity event folks they're not talking about a liquidity event between you I mean specifically is banks that can get taken down in two seconds flat. And the reason is that each and every time the bottom line is that they don't supposed to be over leveraged this or that and every every single time they're over leveraged that's the bottom line. So when you see the aspect of bonds move so quickly there's always someone that you know think that you can't get into the bond markets. Now our banks are no doubt strong OK because of the test on a continual basis that being said though the bottom line if you get a European bank it's it you don't know how much our banks are into European banks that's kind of this whole thing goes so that was the first warp out of a Fed official that yeah we might have liquidity events the bottom line is folks and you know I suspect we are I mean they gonna force this until recessions out there that's my take on it. Gold gold contract pulling back with light of volume we get gold contract 142,000 contracts now what's really cool in the gold market is this is that so you're coming back into strength and that's how you want to operate man that's the bottom line like gold and this will probably you know test the 1671 tomorrow that's how it's probably set up you have 148,000 contracts that's short contract volume coming back into the 215,000 the low of that 215,000 is 1666 so you can actually get the 1666 we only got the 1672 out here the dollar is you know the king here man there's no doubt about it the bottom line is looking to get up into the highs now the intriguing part about this today okay so picture what ends up happening folks okay our bond market it you know here let me show you something here for seconds because this is pretty cool WB you want to see okay so these are the rates okay when you when you're taking a look across the world right well you can see on the tenure we're at 3.8 and the United States is at 4.4 the differential at France is at 2 you can see Italy is at 4 the differential is huge meaning that people are going to keep if they want to buy the tenure they're going to first cash dollars in to buy the tenure okay now it's intriguing today is that the bond market is closed so it's not folks caching in dollars to collect and that just means people are buying the dollar still now if we look at the two year you're going to see our two year is basically higher than anyone in the world right now so where is that money going to go that's why you're going to see it you're going to two year right now is 4.3 percent so if you want two different things so check out what happens want two different things you want 4.3 percent for two years right and you're overseas the bottom line you're going to change it into dollars you buy it and that's the highest well for two year and the scale that I have up there that sort of comes down so our phone number is 877-927-6648 we have the Dow Dow Industries right now down 12, Nasdaq's off 79 S&P's off 20 stay right there folks come right back coming inflation we are purchasing powers eroded there's no better place to protect your harder and money than in gold this the gold's flagship asset in the territory of Australia this is Australia's largest undeveloped gold project we are talking a world class gold project in a tier one mining district this is a large scale low cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction this the gold just completed the Mount Todd feasibility study which resulted in a 7 million ounce gold reserve in a 16 year all of this combined with the approvals of all major operational as well as environmental permits this distinguishes Mount Todd as an attractive, diverse party ready development stage gold project this the gold trades on the New York Stock Exchange under the symbol VGZ 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 markets open to give you the competitive informational edge 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 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 Fibonacci 24-7 newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento 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 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 at 1-877-927-6648 internationally at 727-873-7618 welcome back folks down down industrial up 19 52 S&Ps down 16 let's get over to our man Mr. Steve Rose as we do each and every Monday at 20 past the hour and don't forget Steve that Steve does an outstanding show here every trading day folks 10 to 11 Eastern Standard in the time also has a great newsletter a Mastering Probability now it's very easy to get Steve's newsletter Mastering Probability come over to our website at TFNN you're going to go right under newsletters you're going to hit Mastering Probability on the right hand side and you're going to hit Mastering Probability for one month for $149 you get it for six months for $695 which is a savings of $199 or 22% you get it for one year for $1195 which is a savings of $593 or 33% now folks they all come with a 30 day money back guarantee go get it keep it for 29 days it works for you just keep it it doesn't work for you for some reason you'll get your money back Steve Rhodes I heard we got a new Tiger at 533 this morning we did 20.5 inches and 6 pounds 13 ounces congratulations man thank you so cool so cool yeah number number six number six they said I got a hockey team man we do we do we do but it was 56 hours of labor wow so and there was some touch and go time periods there so the umbilical cord yeah end up getting wrapped around his neck thank God for those doctors man I'm telling you yeah you know when I finally talked to my daughter after the show today um she said you know she there was a period of time where all of a sudden there were like 25 doctors wow in there yep you know and you know really monitoring things but it all worked out in the end it's a beautiful thing you know didn't have to go wheel down and get a C section and everybody's doing just great it's a beautiful thing I love it yeah totally totally so while it's a great day for guys like you and I with our grandkids and everything you know many people around the globe they're calling for an end of the world or the end of the US dollar or an end of the bull market but like our good friend from game day on Saturday Lee Corsell likes to say not so fast so that's what today's workshop is or workshop I should say today's review of what I'll share with you and the listeners out there the viewers out there is really what it's all about and instead I've just taken a look at the world coming to an end it's more like the game of domino so to speak or stacking up the domino's where they'll fall one at a time and so as the first domino the real first domino then you were really talking about a little bit earlier with regard to risk out there and what's going on overseas is the first domino drop is really going to be inside of Europe and that's what really sends capital to the US in this case here it happens to be the US dollar so the safe haven asset is absolutely new coined it years ago is the king, king dollar out there and if we take a look at year to date now these are yearly charts that we're taking a look at here what people will see is the US dollar index year over year is up 18% likes we crude up 22% if you take a look at the S&P and bonds S&P down 24% bonds down 22% so much for the 60-40 deal out there emerging markets are off 25% gold as well is down 8% so that's the year over year and truly US dollar is the safe haven now the Federal Reserve has communicated to us that we're in a period of rising interest rates just like what's his name our Federal Reserve chairman Paul remember he had the famous quote I'm not even thinking about raising interest rates right now it's kind of like what he came out with at the last conference was I'm not even thinking about not raising interest rates so he's already told us clearly what they've said and I heard your comments about Brainerd and maybe people are talking about a potential reversal out here but the thing is when we take a look at the US dollar index in his comments we take a look at the A to B equal CD patterns and it's unusual Tom to find a yearly A to B equal CD pattern but that's what we've got going on inside the king right now and we're shown it on the screen and the first move the first A to B equal CD projection is 120 121 would be the area but more likely than not this will do more than a 1 to 1 A to B equal CD and the reason I suggest that is because that retracement that took place was only about a 48% retracement so much less than a 61.8 those typically when you do less than a 0.618 retracement on that B to C like you'll do more than a 1 to 1 so the targets for the US dollar 121 to 129 and throughout history there have been periods of time where we have economic and geopolitical turmoil and when we have that capital just simply flees areas looks for where it has more confidence so when the G5 was formed in 85 they chased capital out of the US that culminated in the 87 crash then capital moved to China that caused a bubble to burst in 1989 then capital moved to Southeast Asia that created a bubble in 1994 then in 1995 the Euro top capital moved back to the US that created the dot com bubble 2002 capital began pouring back into mortgages that led to the 2007 real estate crash next up was gold that peaked in 2011 and then capital began shifting back to the Dow in June of 2014 when the ECB went to negative interest rates and yes we have political turmoil in the US but we're the best of the worst or we're certainly not the worst out there and we take a look at the king I know you've shared this statistic with folks before the Federal Reserve Bank of Chicago they estimate that 80% of the $100 bills in circulation are held overseas by foreign investors and that's how strong the US dollar and anybody who's traveled overseas maybe they've reached their pocket they didn't have the local currency wouldn't matter whether it's euros or pounds if you offer that that restaurant or wherever you're going to purchase US dollars they'll take it and give you a big kiss exactly you don't see that you don't see that in the US do you see people saying hey will you take my Euro you know people would look at them cross-eyed so the lack of confidence in the Euro you know we took a look at an A to B side for the dollar there's also an A to B equal CD to the downside in the Euro and that gives us that price projection that B to C retrace was only 38% so like a .382 retracement there that really tells us that we're likely to see more than a 1 to 1 A to B equal CD to the downside so the 1 to 1 price projection around 69 cents for the Euro 53 cents is a likely price target out there boy wouldn't that be fun to be over in Europe with US dollars and a target meeting in Europe yeah I mean absolutely so capital should continue to flow out of Europe folks into the US most people don't even realize that the European Central Bank can actually go bankrupt the EU doesn't issue its own debt instead depends on revenue from its member states out there and they've asked for more money ever since brexit out there so things are really difficult over there and when we take a look at emerging markets we take a look at what emerging markets have done year to year the latest bank of international settlements there's 13 trillion dollars of US the nominated debt out there with the US dollar moving higher that's really going to create a major havoc inside those emerging markets out there this chart here folks it's a daily correlation for the US dollar in gold the bars that are below this zero line they indicate an inverse correlation but gold like all asset classes needs to be measured in all the major currencies we take a look at gold price and yen it's a high out there so I'm not looking for a crash as the dollar moves as the dollar moves higher in gold nor are we looking for that in the case of the S&P 500 but what I am looking for is I'm still looking for the Dow to pull back and bottom out at around 24,843 if we want to be exact that's a beautiful thing I like that folks come over to our website at TFNN you're going to hit newsletters you're going to see master in probability right on the right hand side you hit it congratulations against the that was a great update man it's interesting about that dollar man it's almost too easy folks for that 121 which is the high have a great one have a safe one 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 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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 money 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 sit down, Dow Industries right now down 33 you get the NASDAQ off 88 S&Ps sit down 22 let's take a look at a few of these gold stocks so if you own some of the gold stocks you're looking to buy them folks you want to check this out so they're all acting the same out here and have been bottom line since they came off this bottom now this is actually what you want to see when you've made a solid bottom so if we let take a look at the Niko Eagle the first low that came in goes back until July 25th that low was generated at $38.02 and you had 8 million shares traded well we come back in with 4.8 and we actually get below it we get to a price point of $36.65 versus the $38 then what ends up happening it closes out at $37.54 and the next day it gets right back above it okay so then you go higher with volume you pull back now this is what I expect so I expect all of these gold stocks actually pull back to the highs of September 28th which is going to flip everyone out there's no doubt about that but bottom line that's how this seems to be set up that's what we get and we get with light of all let's go to royal gold and take a look at a few of these if we get them with light of all which I expect we're going to that's going to set up a decent run inside royal gold we're talking that's like $88.20 right now you're $92.99 actually this did it this morning this is interesting it went to the high of the low which is $92.99 this morning went to $92.56 and rejected it you know what's cool folks is that the when Steve Rhodes was going through his education on the last segment go over that on the archive I'm going to go over it on the archive and this is this is why I'm going over it okay is that when you see those numbers you know I've talked about many times is that see gold hasn't got hit like I really thought when the dollar was so high take a look at the percentages what happens is that that's down much dramatically than everything else and I've talked about this many times that when you get accelerations in the market those gold stocks are going up higher than the rest of them and they're pulling back lighter that is what does happen when you get a bull going you know gold was only down 8% you can see everything else was down 22-20% right across the board that's how that baby shakes out it's important to really wrap your head around that percentage context we go into the Dow industries we take a look at the strengths versus the weakness inside the Dow you get Amgen put in 26 positive points Merck 21, Big Mac 17 Taken away from it Microsoft minus 29 Salesforce minus 28 United Health minus 27 inside the NBX 100 strengths versus the weakness there you got Walgreens boots 10% Moderna's up 4% you got Kraft Heinz up 3.3 Taken away from it Pendule dual is down 8.5 now the Pendule dual is catching up because the markets are closed for a week you got Zscaler down 7 you got Lam off 6.5 and you get CrowdStrike off 6 so the what you're going to see like last night so last night China opened back up folks okay and you know when you take a look at our own you can see how far it went down that was a catch up that's the real bottom line that's how that works out so we'll see if in fact there can be any juice getting going inside of the marketplace but right now the bottom line is that you know you had the catch up happening our own markets as I said a little bit earlier if they just get a little bit higher man this thing wants to bounce now the scary part this is how this comes down brought up that's the number I suspect we're also going to and the way let me bring up this S&P for a second so you can see this so if we bring this up and we put this on a monthly what you're going to see I think he brought up I'm going for the top of that what number is that yeah it's I'm going for 3136 that high there okay so that now that's the high of the lows of the pandemic 2020 so that being said you see how we came down first we came down off this 4818 then we get down into a price point of 35 well we can have a consolidation for like easy 789 months in between this low and the high of 42 4300 that would be a field day folks okay an 800 point consolidation inside the S&P oh man we're trading and you trade both sides of the market and just don't trade one side of the market that is as good as it gets because what happens with that you don't need the top you don't need the bottom you need somewhere in between it and then you know the market just it's just a large consolidations our trade is best friend I mean in a monster way too particularly because what would end up happening if I'm correct in the aspect of Google what you'll see you come off the lows the first couple days you get really good acceleration that's what that's what you have to get really good acceleration off those lows in order to get a bunch large about so I can see that happening particularly I can see it happening because you know we know how fast we came down right okay so the bottom line is that we're in October so we've been going down for 10 months just like that 10 months on the way down there's no reason that you can't basically do a bounce a really large bounce and then all of a sudden the reality hits once again you know you have Jamie Diamond out there on CNBC today saying he thinks he's that we're going to go into a recession you know in the second quarter of 2023 that's that I'm on that game I mean if you're not if you're not if you don't think that the rate hike across the United States in the world is going to send us into a recession God bless you because the bottom line is that you know we're only worth what our signature's worth there's going to be less money out here there is less money out here and you know we'll see where it shakes out meaning you know how bad the contraction could be you know there's still plenty of bread I get that but when you go up this fast listen when you go up like this anyway you know it wouldn't matter if we were only going up 2% a year we're going up four that would do the same thing man and what we don't know yet there's going to be you know folks that have no bait and suit on when the tide went out it happens every single time it's going to happen it's either going to happen here it's going to happen overseas but it's going to come right around back here and grab us some of the higher volume equities and this will be a low volume market out here today too we have the the advanced micro is down 61 cents you get an invidior of 351 PayPal is down $5 you get applied materials of 260 let's go to Tesla because good ol Elon Musk he's working it man he just keeps working it that being said as he's working it Tesla just came down $90 and 15 trading days so the bottom line is that he's losing both ways man he's losing in the context of what his stock is worth and then he's losing in the other context that he's going to have to pay up for more than Twitter's worth that's the other side of it so I suspect what you're going to see next and this is you know Tesla wants to test 179 man you break 179 I'm telling you 64 dollars Tesla can go to because yeah let me just show you this if this is the consolidation he's been in that consolidation has been going on since December of 2020 you know you made it up come down every one of these lows and the one the low that hasn't been tested is the 179 if you hit the 179 it's like okay maybe 167 will save him but the high volume out here is 65 bucks man so I heard someone talking today that you know if you bought it a long time ago you're still in a good position well yesterday's gone tomorrow's not here what are you doing right now you're in the market to make money if you bought it a long time ago and it's up 300 dollars you probably should have sold it stay right there folks we'll come right back Vista Gold owns and operates the largest undeveloped gold project in Australia the Mount Todd Gold project has completed their feasibility study resulting in a 7 million ounce gold reserve Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives in completing an accretive transaction Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC Vista Gold executing a strategy to create shareholder value 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 in stock prices get the opening call newsletter by Basil Chapman in 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 biotech is booming but for how long? whether you think the biotech bull has room to run or has run its course trade LABU or LABD directions daily S&P biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks, charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 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 for side fund services LLC TFNN has launched the Tiger's End hosted at Discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's End available to all tigers and tigers for just $1 for the year there's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN.com and TSX under the symbol VGZ welcome back folks down industrials down 26 Nasdaqs up 88 S&Ps down 21 let's go take a look at the GDX so GDX out here this is accumulation of the gold equities in general bigger producers that's pulling back with light volume too but I expect this thing will get into 2358 right now you're 2412 2392 that might take is we're going down to this benchmark here because it's going to be really hard to take it out like it's 40 million shares there but that's where I'm looking for this to go we go take a look at EPV so let's see what this is this is a okay this is pro shares ultra shot Europe exchanged ETF okay at the the daily investment results car spend is a 200% inverse correlation of the FTSE okay so it's the FTSE so let's see let's go like this we'll go into the FTSE first oh well here let me just see what this is EPV so it's a 200% mover okay so we're trading it 1918 with a high volume low there okay so let me do this again now this is daily investment at the inverse of the FTSE okay so let's go with the FTSE okay so we take a look at the FTSE yeah I see interesting yeah so what happens here folks on this is it's 200% inverse and you know that the FTSE does look to me like yeah you can go higher man the bottom line is that the FTSE hit a low out here of a 67 97 came off it you're testing that level right there yeah this thing can go higher so you know it looks if we start taking a look at some of those European ones at the same time what you have there is that we just might get a bounce straight across all these markets that's how that kind of sets up let me go look at go look at the DAX in Germany that's been a mess too they all been a mess that's the bottom line same setup yeah we're coming in for bounce man yep that's how this is set up right now cause you're up a setup the same way and you're up some mess man but guess what you know you don't go one way well actually when I say that we actually did go one way all the way up for what a year and a half or two years but in this particular case bottom line my take is you still got a two way market but you're coming off the lows right now it does want higher price I'm getting here so picture this we know that well let me look at a few of them ADBE I'm curious what some of these PEs are so Adobe ADB ok so Adobe is down to a 21 PE now this might not be bad because let me see how they're growing yeah well 21 they're still only growing 7% a year so what would happen there is that it's still not bad actually it takes 7 off 20 to 13 that's 14 so you're at 14 yeah see that gets interesting man when you're at 14 on that PE maybe we'll go to 12 but you're getting close to you know what fundamentally stocks will go down to and on pull backs and you can imagine I don't even want to think what the PE was you know I mean look at this Adobe was at 699 699 man it's been on one route down I mean at 699 it must have had a PE my god be a hundred and something man let's get a rich in Aragon hey Rich what's going on hey Tom thanks for taking my call sure how you been man I'm pretty good Huntington Bank share I can't say that anymore if it's politically correct what is that it's just where you have really good weather into the fall we're getting some unusual warm temperatures here and hardly any rain and usually in the northwest it starts raining doesn't stop for a few months but right now we're having a beautiful fall that's a beautiful thing upper 70s low 80s nice that's awesome man that's huge so let's take a look at Huntington Bank shares the lows 11 the high 17 79 they pay 4.6% dividend at this point they're going to come out with their numbers before the market is opened on the 21st now do you own this you're looking to buy it Rich I own it I'm wondering whether I should bail on any bank stocks no no no okay this has always been a good bank man I'm so glad you called on this bank so picture this I've watched this bank let me put this up man you know it's so funny because what had happened this goes back a long time yeah see this yeah it was 30 bucks and 2000 went down to no this is a good bank man I mean I don't know what upside down but it's a good bank it's a regional bank that does very well man I would stay right where you are man because they're coming out with their reports yeah and they get that you know 4.6% it's not bad for dividend if you know you think you can also get some you know principal price in it and you know that's it banks move slow this will move slow but it's not a bad setup man and what happens if you're worried about what I said about earlier Steve I mean Rich about the banks what this is what happens folks it's not going to be those regional banks like that it's going to be some monster bank that we know it's going to be overseas and you know it's going to be one of my banks probably gave him some money too because they're all intermingled and that's what's going to get down these regional banks are strong as an ox man you know what I mean they'll have some development loans out there and commercial that'll probably hurt them but you're not talking about like going south at all okay okay man enjoy the one have a great one have a safe one Dow Dow industries right now up 10 you get the Nasdaq down 65 S&Ps are up 15 trying to claw its way back here this would be really interesting close folks particularly because if they can get it all green that would be pretty amazing actually there's no doubt because we we'll see where it shakes out here let's go to first majestic so inside the silver market this stock this stock is strong man it it basically you know we came off the low here of 644 it gets up to 902 pulls back volumes light is already rejected low price out here so we very well could have many ABC structures up folks inside of that metal market stay right there 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folks to Dow Dow is flat and has it down to 73 S&Ps down to 17 don't it's don't don't be surprised folks if you get a pop overnight here I like how this thing set up that's the bottom line and if we do then you got to be all over the volumes to see you kind of come off the lows with volume you know because we've no excuse you're going into Tuesday Wednesday Thursday you know what's cool here is that you have window dressing that's over you know the the Fed I believe the Fed minutes are going to come out Wednesday let me just look at this for a second so minutes the next minutes are out yeah the 12th so you're going to Fed minutes come out on the 12th that'll push markets around that's a two o'clock on the 12th folks that'll push markets around but guess what I think you can go right up into that level and then we'll see how they handle it you know because they the rhetoric outside for sure is that on a continual basis you know bottom line we're going to go another 75 basis points well when they start talking about the aspect of you know we're at 5 4.5 if we go on November 75 basis 7 to 4 and then you go to December that you know bottom line that'll get you to 4.4 and you know if that's it if they do it both times this is what I expect is going to happen if they do do 75 basis basis points both times they'll be buying the December one because it's like okay so you're going to slice your wrist out here I mean because you'll be at 4.75 to 5 before December 31st now when you actually go through their statements the bottom line is that they're looking for that in the first quarter so might be 75 basis points there and then 50 and we'll see how the rest of that shakes out but I expect that what you're going to get overnight is some kind of a pop and if we get that that means that the dollar has to be pulling back always remember folks the bear can claw your heart out the bull can run you over and thank god there's always another trade bear any have a great night folks have a safe night come back and visit Tommy tomorrow morning kicks us off now in the morning great show folks look at them folks and congratulations to our new tiger King and Charles I love it