 Welcome folks, this is Tom O'Brien of TFNN. We go five days a week, we go seven hours a day, we go 24 hours a day on the internet, acttfnn.com. Always remember folks, whatever you think about, you bring about whatever you focus on, grew so everyone's having a great day, safe day. It's making a great week folks, kicking into Labor Day weekend, there we go. Love coming out of you makes you happy. The whole world can love you, but that's not the love that'll make you happy. What will make you happy is the share all the love you have inside of you. That is the love that will make a difference. Mockin' wise, let's take a look at it out here. We have the Dow, the industry is up 170, we get Nasdaq up 94, S&P's up 22. Gold, gold contract up $8.10, traded 1948 an ounce. We have Silver up 4 cents, $24.62 an ounce. Light, sweet crude up 31 cents, $80, 14 cents a barrel, notes and bonds, a 10 year note, up seven ticks, trading 109.21, the 30 year up nine ticks, at 120.01 in King Dollar. King Dollar's down 15 ticks, trading 104.062, the Euro out here at 108, the ends at 146 and the British pound is at 126 to one US Dollar. Our phone number's 877-927-6648, give us a call folks. Want to know what's going on in your world and the world of the S&P's, let's take a look at them. What do you have? We pull the spy up first. What we have out here is that on Friday folks, you came down, you didn't break the swing, you rejected lower price at the highs of the lows and bottom line that say, guess what, higher price is coming at us. So we're at 442 and what's game here still is this 446-27. The 446-27, where I'm getting that from by the way folks, okay? And we'll see how it comes into it. That's the last time we were really coming down with some big volume, not with some big volume, meaning there's big volume at the bottom, but already rejected that. So we had come off the highs, we had a couple of big volume days there and right there is basically, is that ice? That's what that is, okay? We almost had hit it when we went up on Friday. We hit 445-22, bottom line, it's gonna get deviant and get up into that area. The Q's, we take a look at the Q's, same type of set up inside the Q's. The Q's had come down, bottom line rejected lower price. We got down, bottom line, get down to the price point of that 358-50. The low there was 354, the high was at 359. So we rejected that area and it looks to me like the Q's can actually get up into this 373-13 area, that's how it's set up. And we did hit that 372-74 on Thursday. My take is that we're going right back up to that area because that's ice also and we'll see how we get there. Now you gotta remember we're coming into late-to-day weekend, so we're also coming into window dressing. Notes and bonds. But I think we got a couple of big turns in the marketplace, folks, and one of them is the note and bond market. So what you have with a note and bond market is this. We, let's put a much longer term here because you will see just type of devastation on the way down it was. Let's see if I put a generic one. Okay, cool. Okay, so I'm gonna put a generic one up, meaning that it just ties the contracts together and put this up for a full year. And you can see that the 10 year, we went down from 117 and we hit 108. Now when we take a look at this, I'm gonna put this on a two-year weekly, though. Flip this around. And on a two-year weekly, what you can see, the low that was established, this goes back to 2022 was 10826. Well, we hit 10828. I think that's it. That's my point. And the reason I'm saying that is that what you had, if we take, now let's go to the actual bond. If we take a look at the bond, what you're gonna see, the note, rather, just do the note, though, on a daily basis. What you're gonna see is we got down here, you had a monster contraction with volume, then you came off those lows and you had a nice sign of strength. You came back into that sign of strength and you didn't get to the low of the sign of strength. What it also did is that when you take a look at it on a technical basis, it broke the downtrend. Now, the only downtrend that it actually broke here is from the 111.29, you know? So, you know, the type of beating that this took is gonna be step by step. But that's telling me that this tenure note wants to go to this 111.29. Now, you put that together with the aspect of how many rate hikes we've had, what Pyle has to say about the aspect of inflation and they're gonna be diligent and there's no doubt about that, you know, at Jackson Hole. And then on top of that, I keep a close eye, folks, on transportation cost. You know, from Shanghai to Tampa. And let me tell you, so this is the number, this is the factual number. At the peak, a container from Shanghai to Tampa was 14,500. Do you know what they are right now? Just take a guess. And now this is a spot rate, 3,000 bucks. A spot rate means that anyone can call up and you're gonna get a 3,000 quote. You can imagine what Walmart, what Amazon, what all these people are, they're way down there. Who knows? I have no clue, but I can tell you something. You can see that the amount of destruction and price is absolutely dramatic. So my take is that we're reversed this whole deal. Rates, higher rates are over. And then let's go to the US dollar. We take a look at the dollar. And what's so intriguing about the dollar is this. The dollar's been on a run. There's no two ways about that. Now, that's on the daily. And the dollar's been trying to get into this swing point from May of 2021. That swing point is 104, 699. Now we made it to 104, 447. That being said, now watch this. When you actually put this on a larger scale, you can see that we've been in a consolidation. This consolidation has been out here for quite some time. We spiked it. And the lower part of this consolidation, bottom line is down there at the 99.57. So we take a look at this. That's quite a consolidation. And my take is that it's failed at these higher prices. If they fail to the higher prices, lower prices are coming at us. Stay right there, folks. Come right back. We have the Dow. The Dow industrials right now trading up 162 NASDAQs up 90 S&Ps up 21. We'll come right back.