 T F N N headline news update Welcome folks. We have the Dow industrials finished down to 67. Nasdaq was up 10 S&P's off 16 Go contract down 37 dollars 90 cents trading at 17 95 and ounce We had silver down 42 cents 24 all 37 cents announced late sweet crude off 89 cents $68 40 cents a barrel notes and bonds the 10 year down 12 ticks 133 flat 30 year off a full point at 161 28 and King dollar King dollar up 511 takes trade at 92 546 That's over half a penny We'll see what King dollar ends up doing bottom line King dollar broke its uptrend last week Broke it with conviction what that means is that you had wide price spread broke the trend line Bottom line you have a counter trend bounce going. We'll see how far this can go You know 118 yen one 1028 British pound 137 to one us dollar. We get open We take a look at the spy what you're doing out here just hanging at highs You're down buck 50, but guess what you're still at highs. We'll see whether we get a slow roll happening The NQs did fail on price and volume what that specifically means is that you've got over the high of last week You closed underneath it. You had lighter volume. We did 22 million shares You had made it up to 382 77 the high of last week was 382 71 We closed that 382 11 very subtle bottom line. We did the same thing last week It didn't make any difference. You're still hung up there It's not that it went forward either But when you do that the bottom line is it's showing that you don't have pricing power and you don't have Volume so you don't have demand either. We know we don't have demand What we haven't had in any of the pullbacks whatsoever is Any type of heavy selling the last time we had me heavy selling that was on the 19th of July as well as the Sorry 19th of August Now my take is that that's we're gonna be going meaning that that's the consolidation the bottom of the consolidation We'll see how it shakes out gold gold contract that hit out here Two days bottom line you get $37, but that's actually accumulation of two days out here Bottom line is that we have is this You came down with 247,000 contracts that being said the swing point is at the 1781 So gold's got to go a lot lower and has to have an expansion of volume and are to stay down there Have a great night folks. Have a safe night. Please tell your friends about TFNN Ask them to go over to YouTube search TFNN come back and visit Tommy tomorrow morning Kicks us off 9 a.m. Great show. Have a great one folks. Have a safe one sharpening your ski