 This is a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. This is awesome. Come on, Ta-Le-Voo. We're going over to Paris. What's happening? Hey, Tom. It's Adam from Paris. How you doing? I'm doing great, Adam, yourself. That's good. Long time no talk. You've treated me and my family over the years, so… We appreciate you grab on problem with us. Yeah, sir. I've done gold reports and all the softwares and all your books and generational thank you. You have. Thank you so much. Appreciate it. Yeah, sir. Now, Tom O'Brien. Folks, this is Tom O'Brien of TFNN. We have five days a week. We have seven hours a day. We go 24 hours a day on the internet at tfn.com. Always remember, folks, whatever you think about, you bring about whatever you feel focus on growth. Hope everyone's having a great day, safe day. It's making a great night, folks. Don't take anything personally. Your truth is personal to you. Your own opinions and point of view reflect your own agreements and are personal to you. It's no one's truth, but your own. Mock it wise! Let's take a look at it out here. We have the Dow Industries down 62, NASDAQ off 78, S&Ps off 10, Gold, Gold Contract up $12 trading at 2031 an ounce. We have Silver up $0.45, $0.25, $0.64 an ounce. Lights Recruit up $0.75, trading $83.28 a barrel. Notes and bonds. A 10-year note. Up $12 ticks, trading $1.15, $24, the 30-year. Down $2 ticks at $132.10, and $1.00, $1.00. $1.00, where are you, baby? There you have it. $1.00 down $710 ticks, trading $1.01, $4.94. The euro is at $109, the yen is at $133, and the British pound is at $124 to $1.00. U.S. dollar. iPhone number is 877-927-6648. Give us a call, folks. I know it's going on in your world, and the world of the S&Ps. Let's take a look at it. Well, first, let's go to the futures, because it's going to get really interesting here, because ES. What you're looking at here is that you're building cars to break this low right now. Enter day. That's how this is shaking out right here. You know, we've been here for 30 minutes, and we'll see how this shakes out. The low of the day here is 4-1-2-1. If you get the break, it's going to get interesting, because you can get a small ABC down coming into the close. It doesn't have the juice to go topside. Each one of these bounces today, you can see if we just pull this up. In fact, I think it was a .618, the whole thing in general, almost. It was almost a .618. The first one was a .382 of the day. The second one was almost a .618. We'll see where they'll shake out coming into the next hour. Gold. Gold contract out here. Bottom line is that this had turned into a complex ABC structure up, because it went under the B point, did it with light of volume, got above the B point again, has volume again. So bottom line, the game is still in the gold market, even though that would make sense, because the dollar is breaking down. That makes sense anyway. So the bottom line is that the B point on this was the 2031, or over the 2000, we're at 2031.30. You have 216,000 contracts traded. You can see yesterday in sideways, 126,000. We went lower the day before with 136,000. That's what you want. That's what you want when you want higher price, folks. You want to go upward volume, you want to pull back with volume, and you want to hold price. King dollar. Now check it out, man, because this could get really interesting here with King dollar. Bottom line, you are going after the lows, man. So the low in the dollar index is 100.83. The strength, however, as we come off that low, is 100.546. Now we're into it. We're at 101.496. So that sets up. It's going to go after it. And we'll see how that shakes out, man. We bring this into a longer basis. And what you're going to see is that the next move down in this baby, you know, you break this level, you break 100 level, and your next level would be like 99. The bigger level there is like 96.98. The 96 is game, man. That's what's pretty incredible. Notes and bonds still want higher price. Higher price, lower yield. This is going to get wild. The Fed minutes come out at 2 o'clock today, folks, okay? You can see here's the volume coming in again. 141.4 million contracts on the way up yesterday. Let's take a look at what went down. You can see this yesterday. Yesterday you go down with a million contracts. You're up at 1.4 million. What that's setting up is that's setting up higher price, lower yield. Inside the Fed minutes out here today, what you had, we went from the aspect of the, you know, higher rates to the aspect that they actually were bringing up the point that, yeah, they're looking for a mild recession now. And so that is the first, folks. That is the first heads up that, you know, the Fed itself, okay? There's plenty of folks out there that have been saying, yeah, we're going to get a recession. You know, some people say it's a hard land and some say it's a soft land, but at the very top of the Fed minutes out here that they're looking for a recession now. That's what they're looking for. So the market's going to get interesting in the market and say, okay, if you're looking for a recession, well, if you know what a recession means, a recession means we're all going to make less money. So we'll see how this baby is going to shake out. Let me just go over to the SMP again, because if we break this low, you get plenty of time to really get some juice going here. Okay, so I just went after it. That, the first low, let me see what time it is here. Okay, we got, we're two minutes into it. The first low had 41,000 contracts. Right now, you're at 17. We're going to blow that away, man. We're going to blow that away. So you're going to get lower prices coming at you, man. Some of the higher volume equities out here. Let's take a look at it. You get Amazons down to buck 60. You got Teslas off 584. You got American Airlines down to buck 36. Marathons off 40 cents. Excuse me. Let's go inside the NDX 100, the strength versus the weakness. Crowd strength is up 3.5%. Data dog is up 3.5%. Taken away from it. JD.com is down 7.5%. Holy cow. Pinduodu is up 5.5%. You got Walbreens on a Warner Brothers is up 4.2. And Trout of Communications is up 4.4%. Inside the Dow Industries, the strength versus the weakness. Point wise out here. Excuse me, folks. We have Goldman putting 13 positive points, Microsoft 7th, Merck 6th. Taken away from it. Home Depot minus 17. American Express minus 16. Disney's minus 13. And IBM minus 12. The volume out here today when we take a look at these indices. So right now you're at 450 million on the NYSE. On the Composite, we are at... Composites can have some volume. We're already at 3.94 billion inside the Composite. Dow. Dow Industries right now down 41. We get the Nasdaq off 81, S&P 14.5. Stay right here for folks that I man Mr. Tim Ord coming up with the Ord Oracle. Come right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kekstat's Tiger Forex Report. Teddy Kekstat breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously. 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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. Right now trading down to $51, you get the Nasdaq off $87, S&Ps are up $16.5. Let's get over to our man Mr. Tim Ord from the Ord Oracle. Now Tim is on every Thursday, folks, at 20 past the hour. I'm not going to be here tomorrow so we're going to have him on today. You can reach Tim though every trading day at odd.oracle.com. Tim Ord, what's going on? Well, thanks for having me on again. We talked, I don't know, a week or two ago, we're talking just kind of between you and I. And I always says the market bottoms on panic and I got some indicators to show that. I don't know if you remember that conversation or that. So when everybody's running away from the market and they're scared, they're scared, you really should go towards the market, but you got to really find where that panic is. There's a little bit of panic, there's a lot of panic. The ideal situation is find the most panic you can find and buy in that area. I don't know if you remember this back, I think in 1998, we were on the radio. I remember July, yep. I think it was September 1998. Yeah, it started in July. Okay, right. Yes. Yeah. And I think it was September and we're on the radio. That was back then, I think you were on the internet radio or something. You had a program going on. Yeah, no, it was regular radio, it was AM radio also. Right, exactly. Yeah, right. Okay. So anyhow, it was about half hour to the close and anyhow, I was just messing around with ticks at that time. A little bit ticked and still kind of learned about how that trend worked. Anyhow, the ticks were going, I don't know, 1,100, 1,200, 1,500 down tick readings. It was about a half hour before the close. And I remember telling you, this is, I got to get off the liner as a phone here. Yep. Because I'm going to buy some call options. Right. And then, so anyhow, that was, I don't remember what day that was or anything, but I think it was great. And this is what happened, folks. And I remember this so well, Tim. And what happened is that's when Ben, no, that's when Greenspan and Ruben came on the TV at approximately, I don't know, about 3.30, and they brought the interest rate down two points or something. Yeah. And that was the end of the Asian Custodian. Right. That was amazing. Right. Right. That was, that was about as intense as you can get. I was, because I was screaming, because I was still shot, Tim. I remember, because that's when we were trading live on the air and I was screaming, it's not fair. It's not fair. I was talking about being naive, right? That turned out to be the bottom of the market. Yes, yes, it did. Right after that. Yeah. I mean, it really turned around in a hurry. I don't know exactly that time, but within, you know, that for the close, I think it closes pretty much the bottom. And the market really took off over the next several days. But anyhow. So what shot do you want me to bring up first? Well, do, do chart number one. And, and this is kind of looking at the bigger view. This, this chart goes back to, oh, I don't know, mid 2017. The bottom window is a six, three day, six, three day average of the trend. Yes. The next window up is a 100 day average of the trend. Okay. And what the trend is, is the up volume divided by, or the up advancing issues divided by the up volume divided that by the declining issues divided by the declining volume. Yes. And so it's kind of, it takes volume into consideration and also the advanced decline. And so what it kind of does is measures the volume on the advanced uses, measures the volume on the client issues and what your ideally situation, you want the volume to really hit on the declining issues because that'll drive the trend way up in, you know, one or two or, or three to get lucky. Yes. And that's when everybody's panicking. And so that's an ideal situation to find panic because when everybody's on one side of the fence, you want to get on the other side of the fence and the trend is a good indicator of finding where that panic is. So on these bigger time frames, it seems to work pretty well when you got a trend reading for the six, three days, well, six, three days is actually three months. It kind of close enough anyhow. Okay. And you get a trend reading around 1.1. Now, or you get a hundred or you get both around 1.1 is usually a good sign for intermediate term. And that's shaded blue areas. Okay. I see that. Yep. And so over the last, this chart's current today. So over the last, well, started basically in January, if you notice that the six, three day and a hundred day trend are pretty much in the panic area, especially right now. And so if you look at the chart on the SPY's above, you're kind of round off numbers around the 400 level. So it's a good sign that on a bigger timeframe, we had it back in, and it looks like about, I don't know, my size, about May to November, pretty much. You had a high trend reading then in December kind of fell back down. And basically from January on, you've been pretty much in a panic level. And in general, you've been in panic level since last May. You really haven't gone anywhere in the last May. You're just pounding out a kind of a trading range. But with the trend highs it is on the six, three day and a hundred day mild scenario. You're building a bottom in here. Right. And so actually it's flipped to the next chart. That looks at the intermediate term. Okay. And I have a message chart. I don't know how to make it really... No, it looks good. It looks good, Tim. Yeah. All right. But, Bunny, I'm back in the bottom window. Is this a little bit of a shorter timeframe right now? And the bottom one was a 10 day trend. Okay. And so every time the 10 day trend on the bigger timeframes is 1.1. On the smaller timeframes like the 10 day, 1.2 things work well. And the shaded tan areas are shaded... That looks like tan to me. Pink area, I guess you might say. It's times when the 10 day trend was right around 1.2. And so I did that. If you notice, all those shaded pink areas come in the price range, which is, I shaded it like blue between 370 to approximately 400. Yes. So that tells me that whole area is a base area. Right. Because if you got panic since last May, every time it got into that 370, which is a big trading range, but there's a bunch of panic in there. That was opposite. Say you had a trend reading, you get down around 1.8, which is that a green area, those green bars in there. Yes. If you notice, every time it got down there, you were near a high like 0.8. Yeah. Well, we've been mostly down above around 1.2. So we did have some decline. Every time we got down 10 days down 1.8, you were probably near at least a short term high. But in general, with the panic that I'm experiencing in the market between 370 to 400, we're just building a great big base here for the market to rally. Just keep that thought for a second, because this is really cool. What he's saying, folks, okay, which is so cool is that it seems like there hasn't been panic here, but there has because the amount of selling and the fact of the matter is we really have still been in a consolidation up and going down. You stay right there. Tim and I are coming right back, folks. Dow's down 103, Nasdaq is off 125, S&P's down 20. Tim and I are coming right back. 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. 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To sign up today and become a part of this educational community of traders, just visit the front page of 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. We'll talk when I'm at Mr. Tim Ord from The Ord Oracle and you can reach Tim folks at oddord-oracle.com. And right now we're on the second chart, Tim. Yeah, we're on the second chart. What I'm trying to point out here is the whole thing, you know, again, if this is a 10-day train, we're off a close town to point right now, we're at point, yeah, look like a point, 0.88. That could be possibly a very sign-short term, but there's other statistics. I do a little bit of, well, quantitative easing. I don't do it, but I ascribe to another guy it does. And this is pre-election year. Free election year, the month of April is up 94% of the time. And also it's January's up, which it was around 6%. April's up 88% of the time. So if you do the quantitative easing along with some analysis, this month should be an up month, you know, a high 90% percentile. So even though we got a 10-day train close to 0.80, if you notice once these rallies start, the trends will actually get low and stay low for a while. But all of them maybe do lead to big declines, but I'm thinking what's going to happen, we're going to see a science drink this month because we've got enough power in the 10-day trend over the, since going back to last May to push us higher. And if you do the measurements, another should take the previous, or you take the high and low of this train range and you add it on to the breakout area, and if you do that, you come up with around 470. Yes. Well, 470 happens to be the January 2022 high. Right. And I'm thinking that's where we're going to go. Are we going to get through that area? Maybe, maybe not. We'll have to wait and see. But if the 100-day and 6-3-day trend is actually, say, around below 1 or something, I say not. We're probably going up there and hit it and probably have a gigantic trading range. But if we go up there and the 10-day or the 100-day trend and the 6-8 trend to say it's still around 1.1, 1.2 area, I think we've got enough panic in the market for this rally to continue. But you've got these big bases here. This base is a long base. It is a long base. Yes. It's a long base. No doubt. And I love, Tim, how you put this together. So what happens, folks, is that when you really look at this market, okay, the bottom line, this is what they understand in the analysis. It's a large consolidation right now until it's not. That's the bottom line. Right. Well, the longer the consolidation, the longer the rally. Yes. Well, interesting. Okay. Okay, cool. Yeah. So, yeah, you know, you got what he called, you know, cause from white-hop data. Yes. You know, you got longer the cause, longer the rally. Well, you know, you got all, you got, well, you got 11 months of base building here. And my opinion, you aren't going to break out to the upside because the 6-3 day, 100-day and also the 10-day suggest that's what's going to happen. And so this rally, you know, if the base is equal to the impulse wave, you know, that would imply your rally until you're in or later. So I don't know. But if you're going to blow some mines, it's perfect. Yeah, it's good. And nobody, you know, everybody's, you know, kind of bearish on the market according to the panic. Oh yeah, for sure. I know. I know. Yeah. So I'm thinking, because we really surprised a lot of people that this thing starts to rally and it just keeps on going. So, you know. Which we've definitely seen. There's no doubt about that. So let's go to the next chart. All right. The other chart is, this is just a kind of big time frame that I showed. I think chart last Thursday that showed that we're probably going to have a rally for another year and a half from March, which will be the indicator I presented last time, gave a buy signal back in March and the previous signals lasted a year and a half or longer. And then Tim is talking about the gold market in October, 2024. Yes. What I'm showing here is this is this is the gold chart going back a long way. It looked like what 1997 or something. Yes. But what I'm pointing out is we're up against a neckline, what I'm calling a neckline. And to get through that neckline, you're going to need to find a strength. Right. And if you look back, there's probably should have outlined it better. But I'm thinking this whole thing's ahead and shoulders bottom. Yeah. Now I can see that. Right now. The point is the market's not going to get weaker to get through that neckline that has to show a sign of strength. So if anything, the market's actually going to get stronger coming short term. If you notice last month, the month of March, if you look at that volume chart, because this is a monthly chart, you had a big bump up in volume showing that, you know, some strength is starting to show up. Right. So if we get through that 2000 level or 2021, you should see a sign of strength to that level of sign of strength is high volume, wide price move. So I'm thinking this gold market, you know, it's been really difficult to trade over the last several years here. But I'm thinking we're going to go back to like it was 2000. And actually, I was in the gold market back in 1980. Right. And those those markets were fairly easy to create a trade because you're a genius because everything went up. Exactly. And we'll be entering another time frame for that too. I don't know. I will wait and see. But everything has been kind of dead in the gold market, you know, I don't know, 50, but 55% of stocks in the gold market are rallying, which is about half the stocks. So I'm bad thinking that may turn around. But we do see a sign of strength through that 21 100 area. And you break out of this gigantic head and shoulders bottom. I think you're going to see a lot of energy go to the market. And you know, it's interesting today, Tim, it's been really dead. Yes. And what has happened today, you know, Tim and folks, okay, you know, this dollar index, okay, the bottom line is that, you know, I mean, it's down like 687 ticks. But it's, you know, the low the low was established at 100.8, 100.62. And then we had a sign of strength off the bottom. Now, it failed the sign of strength today, you know, where four to only four ticks underneath it, but it's been a straight line move down. So if this thing blows away, then then that means that thing's going to happen right now. It's going to be intriguing because because the bounce, the last bounce that we had in the dollar, so check this out, the last bounce we had in the dollar, it could only do a, yeah, it did a 0.382. That was it though, from the highs to the lows. So, you know, it's, it's, it's kind of getting intriguing and hey, it could be right here right now. So yeah, I love it. I think it's really coming too. You notice that pink bar I drew right there on this chart. Yes. I see it. Yeah. Pink shaded area. Yes. Well, you know, that shaded area is what I have down there is SOS on that volume side. Right. That's the sign of strength. Right. Well, that, there's a little head and shoulders bottom right where that neck line was broken. Can you kind of see it there? Yes. That, that, you know, from last, from what, two Fridays ago. No, I'm with you. I know, I, yeah. Oh no, no, this is gold. So this is different. But no, no, that was, well, that was the same Friday, I think. That was a, that was a monster day, right? Yeah. Well, no, I'm looking at the, oh no, I see it now. I see it. I see it. I got, yeah. The shaded, pink shaded area. Yes. Well, when it broke through that neck line of that smaller head and shoulders bottom, which is basically the head of this larger head and shoulders bottom, it did have a, a sign of strength through that neck line. My point is that we're going to have something similar looking to that pink shaded area that's coming right in front of us. I see. Probably in, you know, in the weeks, it's not much to come here. So I don't think this, this, this mark is going to fail here. I think it's going to push right through that 2000 neck line, 2021 neck line. And in general, head up to the next higher target. So that's what you do. You got to love it. Well, listen Tim, you have a great week, a safe week. We look forward to speaking in next Thursday. All right. Sounds good. Thanks for all your help, man. Really appreciate it. Stay right there, folks. We'll come right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them, using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30 day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com, TFNN Educating Investors. 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. 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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, foresight fund services, LLC. 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. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. I'm O'Brien. Welcome back, folks. Sit down. Down investors right now. Down 44 Nasdaqs up 85. Mississippi's down 16 and a half. Let's go to our man, Bob and Lago. Bob, what's going on, brother? How you doing today, buddy? I'm doing great, man, yourself. Marvelous. So, I've got kind of a broad question here. I retired from the government and we were kind of stuck with three or four different investment plans during the time. Yes. And it was the S&P and things that mirrored the IWM. And now they've recently come out with, in the last few years, something that mirrors like the broad, or they call it the complete S&P 500. So it's like, and I gave you the symbol VXF. Yes. Which is ETF that mirrors that particular blend of stocks. Okay. So the blend is small and mid cap stocks. Okay. Yeah. It's the Vanguard. The fund's objective is to match the performance of the benchmark index of small and mid cap stocks. That's what you have here. Yeah. So with those basic investments, I kind of look at, I look at, you know, the Dow's got 30. The S&P has 500. The IWM is like the Russell 2000. So that's like 2000 there. Yes. And then this one is like everything that the S&P doesn't have in it. So it's like 3,200 stocks. Yes. So when I look at the high of all of those, compared to where they are right now, this VXF has about a 32%, is about 32% down from the high, as opposed to the S&P, which is not counting today, around 14% off the high. Right. So I'm looking, I'm looking long term because this is retirement. This is investment. Right. Right. What is your feelings about taking something that's even broader, like that and hoping for, you know, an ultimate game or getting it back? It's going to eventually get back to the high. I would think it's like the S&P is going to eventually get back to the high. But why don't you just swap it into the S&P? I'm sorry. I didn't hear that. I didn't say why wouldn't you just swap it into a VN guide S&P? Because the top is only between now and the top is only 14%. I think that maybe if that hits 14%, then maybe the VX, this ETF I'm talking about, might have a better, you might have a better return in that period of time. Okay. Yes. No, I have the theory. I like that. I like the theory. I mean, that's real. I see what you're saying. If the S&P is going to get up there, more than likely, you know, this will get up here. But, you know, if we look at like, I can bring the small caps up first. If you bring the small caps up, you know, I bring this back and we take a look at it, you know, the small caps took forever just to get to one high and then exploded topside. There's no doubt about that. I'm more of a fan. This one ends up happening on a longer term basis, right? I'm more of a fan of the large caps and not just, I'm not just talking, I'm not talking about the fang stocks. I'm talking about the S&P 500 in general. The reason I am Bob is that they're the largest companies in the world and it seems that if we get rallies, you know, those are the companies that make money, hand over fist, where what does happen is that the smaller companies fall off. You know, that's on the downside. On the upside for the small companies and the mid-sized companies is that those are the companies then that can explode in price, meaning in our earnings, because then they'll get into the S&P 500. So I, you know, I get both sides of it. It's just, it's really a personal choice, particularly when you're going for a longer period of time. Do you know what I mean? So I think my game plan will be to stick, continue to stick with the S&P. I'm out of it right now, 100%. Okay. So I'm sitting back waiting for, you know, to see what this dip does here. Right. And if it tops out, then after it tops out, maybe I'll flip it back into the BXV or BXF to see if it'll gain up, you know, whatever X, extra can get out of it. I don't know. Just a thought. Yeah. I'm, yeah, I'm, I have a hard time with those smaller stocks myself. You know, I remember when I first started my career, you know, everyone always says the small caps are where it's at. And I've never seen it. That's the reality. I've seen plenty of small cap stocks that do take off, but there's so many of them that when you put them inside an index, you know what I'm saying? It's like, you know, the index itself, probably in the last 40 years, I've seen it perform twice, you know, because you always hear the same mantra, oh, they're value stocks is this or that, you know, but what's interesting on even the IWM and this BXF. Yes. If you put that, if you put, if you put that on even the IWM, if you put it on a 20 year monthly and look at the bottom trend line, it's almost exactly, it's right on its trend. Okay, good. Let's do that. That is really fascinating to me. Yeah. No, no, that's important. So, well, you're going to go this way. I say, yeah, it's coming down to it, right? Except for that spike. Yeah. No, I see that, which is, which is, which is positive. There's no doubt. There's no doubt. Yeah. Right. Yeah. And it's also what it did is it almost got to the highs of the low bar. It got to the highs of the low over the month prior to the, you know, pandemic, you know, which is, which is positive. That's, that's the bottom line, you know, so. Hey, nice chatting with you, Tom. Okay, man, you have a great one, the safe one. Thank you, guys. Offer number is 877-927-6648. We have the Dow. Dow's off 70. Nasdaq right now down 93. You get the S&P's off 19. Let's see what this good old S&P wants to do. I suspect it's just going to sell it down coming in, folks, because what had happened is that two different things ended up happening out here. That at the morning, the CPI come out, bottom line market popped first and gave it up in space. The, when the Fed minutes come out, folks, okay, this market didn't know what to do. It took like 30 or 40 minutes to figure this out. Just kept, Jacob and I were upstairs. We're going back and forth saying, he said, I was not doing anything. I said, I know, man. Bottom line, then it decided to give it up. And when you have something like that, just like anything else, there's plenty of people on one side, plenty of people on the other. And, you know, when you get late in the game, meaning late in the day, well, you got to close these positions. So I suspect, you know, we're almost at the lows anywhere on three points off the low, but I expect they'll probably just try to jam it down. And there's not a lot of arm down at these bottoms, though. That's the bottom line. So I don't see it getting a pop anymore either, though. You know, I just don't see that at this particular point. Let's go to the NQs and we take a look at the NQs. Because the NQs were actually leading the market today again. And when the NQs are leading the market, folks, okay, which they do most times, by the way, you really got to pay attention, have to pay attention to the NQs. And the NQs, you know, they're, how many points off the low? They're, they're 13, well, they're, yeah, the 13 points off of their low. Man, that was a fast hour. Always remember, folks, the back and claw your heart out, the bull can run you over and thank God, there's always another trade. Health happens, oh no, no, it's not over yet. What auto BS? I knew that was, that's crazy. Okay. The talent that's just down 90, that's next off 98, that's a piece off 21. Stay right there, folks, to come back. 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. 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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. 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. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors. Down investors down 62 Nasdaqs off 112, S&Ps off 19. So let's go take a look and see what we have here. So take a look at the spy. Well, this is telling me the next couple days are going to go lower price because what happens here, you got over year 4-11-92 and bottom line is you gave it up on price. So we're at 407.45. 407.45 is going to get you in the lower range. So bottom line, you sold us down. We go to the Qs. We take a look at the Qs. Excuse me, folks. Yeah, on the Qs, it's a big sell down. You're 57 million shares. You just sold off the last three, four, five, eight trading days. And the Qs, look at how close this is going to, this is, I love this when this happens. So the lower trading range, folks, that's at 312.68 and we're at 312.68. How's that? So let's say this action is going to be action on the way down again. That's what we have. And bottom line, as this consolidation has been, it's huge. It's a key. And that's a trade is paradise, folks. That's the bottom line. Do you have a huge consolidation, man? I mean, damn, it's a beautiful thing. It's very crazy because what happens with consolidations, it couldn't make the highs, right? Then bottom line will try to get down and we'll see when the volume contracts on the way down. See, the last time that we were down here, it's going to be a lot of volume to break the 294 area, 312. Last time we came down there, that's a high volume low. So my take is that we want to get down there. And the way that you do break them is you break them by building cars. That's how this shakes out. If we get down close to that, then you move sideways, yeah, then it can break it. If the straight line move down, what ends up happening, it's the field day. Because what ends up happening, if we go down and reject at lower price, then we go right back topside again, you can do that all day long. If it did that all day long, we would all be in heaven, folks. Always remember, folks, you're back and Chloe, I'll hide out the book and run you over. And thank God there's always another trade. Health, happiness, and prosperity. Come back, visit Tommy tomorrow morning, 9 o'clock. Great show, folks. Look at him, folks.