 I'm O'Brien welcome folks this is Tom O'Brien of TFNN we got 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 what have you think about you bring about whatever you focus on the road so everyone's having a great day safe day make it a great night and a great week folks you are what you believe you are humans are powerful magicians you have the power to make yourself what you are right now but it's not your reasoning mind that controls your power it's what you believe. Let's take a look at it out here we have the Dow industries down 19 Nasdaq off three S&P's up seven and a half gold gold contract up twenty dollars twenty eight dollars and fifty cents at twenty one twenty four ounce you get silver up seventy three cents twenty one dollars ten cents an ounce light sweet crew down a buck twelve seventy eight dollars eighty five cents a barrel notes and bonds ten year note down nine ticks trading one ten twenty four the thirty year down fourteen ticks at one nineteen nineteen and King dollar. King dollars down forty one ticks trading one oh three eight twenty Euro at one oh eight again at one fifty British pound at one twenty six to one U.S. dollar our phone number is eight seven seven nine two seven six six four eight give us a call folks one notes going on in your world and the world of the S&P's let's take a look at them what do you have well bottom line you get a small ABC up in both of them my take is that you know we're going to get a pullback yet because you do have a huge contraction of volume but guess what I think the ABC is going to finish first so right now on the spy word five thirteen and it's check this out yeah it's five twenty six so you get a long way to go here man we'll see how it shakes out but we took that B point out we took it out with volume on Friday so and it's a it's a decent ABC on the way up so five twenty six or at five thirteen we go to the NDX 100 the three cues take a look at the three cues same another ABC up right now they're flat you're at four forty five and this is four fifty four you know you can see Friday Friday was the big day had wide price spread plus you had the accelerated volume takes it out man takes it out with volume so we have an ABC up up market anyway so I suspect window dressing really is going to be closing up maybe tomorrow today tomorrow so the next catalyst here is going to end up being Powell in front of Congress let me see I think that starts Wednesday right I have it this one yeah well I get I get oh we get the beige book two on the sixth yeah Powell in front of Congress going to do it though now check this out we know that the gold contract's been on the run but this is pretty cool look at this okay so this is a GLD I just brought the GLD back twenty years the GLD is breaking all highs okay we've been we are the consolidation that we were in was a three-year consolidation that's four-year consolidation okay now we broke that now this is what's important to understand though right watch this I'll leave that one up just so you can understand how this works because we're actually higher than that because the GLD has a four tenths of one percent fee structure yeah it's four it's four tenths of one percent okay so in four years okay what do we got one point six percent you see what I'm saying so we're really breaking this and we get the juice behind it so bottom line you get to new highs guess what new highs higher higher you can go I'm going to take the generic contract and the reason I'm taking the generic contract right now is that I want to see what we're going up against I'll put this first on a 10 year I might have to expand it to bigger than that yeah I do but this is pretty cool look at this see you broke it now this is what gets interesting yeah do you remember well of course you remember four months ago the bottom line we broke it and failed now we're not at that price point yet but the bottom line we'll see whether you know we can do it but you can see how this is shaking out so put this back 20 yeah same deal so what what happens folks is that you know when you get to new highs you don't have any resistance I mean that's that's that's the bottom line because no one's bought yet it's a big number man it's totally a big number let's get into the silver contract take a look at the silver contract silver contract today really got some juice friday friday wasn't bad but today is really get some juice 81,000 contracts that's big contract volume for the silver yeah you can see it's the expansion of volume from friday to friday we did 73,000 so silver's on its way up to this $28 level right now you're 2412 we go to the note and bond market we take a look at the note and bond market and we have out here with the tenure tenure had a decent sign of strength on friday you're pulling back today with light volume we did 2.6 or 2.7 million contracts on friday see we got and we were rolling also yeah 2.7 million contracts friday you roll them back with 1.1 that's a market that wants higher price and then we go to the dollar we take a look at this dollar this dollar is hanging tough man it's pretty wild it as I say it's hanging tough it is okay but it looks to me like this still wants to get in the lower range and we've been dealing with this now for almost two full weeks it got in the lower range once rejected it right away and then three other days it got to the top of the lower range and then rejected it now the cool thing about that folks is that if it does break into the lower range you are going to see volume explode because when that's the building cause of it the longer that you build cause the more destruction that it can down on the downside the longer you build cause on the upside the higher it can go down industries right now down 13 as X up 12 recipes are up 11 stay right there folks come back when I'm at Mr. Steve Rhodes