 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. Let's go to Alan Tamp. Hey, Al, what's going on? Oh, it's a beautiful thing. I mean, if your listeners don't get the gold report, they're missing out. I mean, with your gold report, you just print in money. I love it. You're my best dad out there, Al. Let's go to Jeff in 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. So I filled it out. And just a couple days ago, I found $1,000 in my business checking account. That's awesome, man. 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. I want to see it. Now, Tom O'Brien. Welcome, folks. This is Tom O'Brien of TFNN. We're here five days a week. We go seven hours a day. We go 24 hours a day on the internet at tfnn.com. Always remember, folks, if you think about it, you bring about whatever your focus on grows. So if I was having a great day, safe day, beginning of the month, let's make it a great month. Surrender and let go of the past. Always do your best. Whatever life takes away from you, let it go. When you surrender and let go of the past, you'll have yourself fully be alive in the moment. Letting go of the past means that you can enjoy the dream that is happening right here, right now. Mockin' wise, let's take a look at it out here. We have the now industry is down 28, Nasdaq off 12, S&P's flat. Gold, gold contract down $9.60 trading at $19.89 an ounce. We have Silver up 2 cents, $25.25 an ounce. Light, sweet crude off $1.75, $0.80 a barrel. Notes and bonds, a 10-year note, down 23 ticks, trading 114, 15, a 30-year down a full two points at $1.29, 19, and King dollar. King dollar's up 508 ticks, trading 102, 168. The euro's 109. The yen's 137, the British pound's 124 to one U.S. dollar. Our phone number's 877. Nine, two, seven, six, six, four, eight. 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 we have? We have a flat market out here. I expect you're gonna stay like this until Wednesday at two o'clock, folks. The meeting starts tomorrow. Yeah, meeting starts tomorrow and goes to Wednesday. That's the Fed meeting. So we have out here today, you know, the spies are flat, literally flat, 415, 94. We take a look at the, we're just one second, folks, sorry about this. Let me get this up, let's see. That, that, here we go, sorry, here we go. There we go, okay. The queues. We take a look at the queues. Same type of setup inside the queues. Bottom line, the sideways move out here today. You know, you're down 18 pennies, but that's it. Last Thursday and Friday were strong days, folks. There's no doubt about that. In fact, the queues took out a B point, took it out with volume, so the queues want higher price. We go, let's go take a look at the note and bond market. So the note and bond market, this has been vacillating back and forth but continues higher. Every time it's come down, it's come down. Here it is again, with light volume. See this right here? The attendee is down, but you had 781,000 contracts. Now watch this. We went up Friday with 2 million contracts. We're pulling back with 781. That says that notes and bonds want a higher price, lower yield. It's pretty amazing, actually. Let me look at the U.S. of 30 year here. So the 30 is off a full two points. You got 217,000. This is gonna be the same thing. We went up with a lot more. This is gonna gyrate in a month's away tomorrow for sure on Wednesday. Yeah, look at this. So we went up Friday with 380 back in our 217. So the market, the way the market is set up right now is that the market is saying I want higher price, lower rates. The way the Fed is set up is that the Fed is set up to the point that they wanna go a little bit higher. Now you gotta remember something. The Fed is overnight rates. That's all this is all about. Okay, it's bank to bank rates. So you can have both. That's the bottom line. Gold, we're gonna take a look at the gold market out here. Gold couldn't hold price today. It's all about the U.S. dollar. We take a look at the gold market. Would you have a gold? Gold got up to the price point of 2015. We did 162,000 contracts and it couldn't hold price. So this has been holding up pretty good up here. You know, the real kicker's gonna be where this dollar wants to go. And this dollar, I suspect, you know, really, my take is that this dollar wants to go to 106. Now this is where this goes. The dollar wants to go to 106. Your probability is pretty high that the Fed is gonna come in with another quarter point and more than likely they're gonna come in and I know this is they're probably gonna start a sound kind of bearish, not bearish, like they're not gonna stop. And that, you know, when you look at that fundamentally that's kind of hard to comprehend because of the fact that the third bank just went down. I mean, first federal, first Republic Bank. J.P. Morgan took over first Republic Bank, bottom line is we go take a look at J.P. Morgan and you're gonna see what's intriguing here is J.P. Morgan, you know, as the same with Wells Fargo. They both, so check this out, this is pretty amazing when you think about it. They both are at their max, meaning that their deposit base is 10% of the whole deposit base in the whole United States. So what has to happen is that in J.P. Morgan's case, the bottom line is that they have to say, oh, okay, well, you know, we don't want you to go over 10%, but because of the fact that the federal FDIC is gonna lose so much money, we're gonna let you go over 10%. You know, and there's no doubt that whatever clients a left and first Republic, those are very high-end clients that I'm sure that J.P. Morgan is gonna just eat up in a monster way. And there's no doubt the banks, the government, the treasury, they all played chicken right to the very end. And we don't know what the actual deal is yet, but what we do know is that when citizens took over signature bank, citizens went up dramatically because the fact of the matter is is that the bankers themselves know a lot more than the regulators. And that's just shown because these banks went down because the regulators weren't doing their job, you know. So there's a deal in there. There's a deal in there somewhere and I suspect it's gonna come out. Dow, Dow Industries right now down 22, the Nasdaq's off 11, S&P's up one. We have, let me go look at that oil market. So oil, yeah, that's still, that's down on my volume. Stay right there, folks. Come back when I'm at Mississippi Roads. 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 Kegstad's Tiger Forex Report. Teddy Kegstad 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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You get the newsletter, you're gonna get some great information for a full month, and you also commit to the webinar. Bottom line, if the newsletter doesn't work for you, on the 29th day, you can cancel the newsletter, and you're still gonna get a great education. Basil Chapman, what's going on? Well, this is a very, I think it's an important week because I've got a number of indicators that I use, and the whole thing about this webinar on Wednesday is it's going to be like a workshop. I'm gonna make it a very functional working webinar so that you can take home a lot of information that you can practice and stuff that I do all the time. I can show you, this is the chart of the doubt. Nice. We're always looking for a PD. That's where we get a bit cautious. That's actually where, within two days of that, the SPI, the S&P made a top at that right here. Let me just show you this chart because there's all the stuff that I'll be talking about now. Of course, I always have trouble clicking on, there it is. The S&P coming up, there it is. So I always look at this and I say, okay, there's a technique that I like to use. A long time ago, when I used to hand chart with engineering paper and pencil and a roulette, eventually get a 15 inch ruler because the market was going up so sharply there was a way back a couple of decades ago before everything went on to computers. Well, I found that trend lines became really important and over the years I've added to that, I've made a refinement of that instead of doing one line, a trend line, I make a little mini channel, just like a three sixteenths of an inch. If it's going up, I make the top line green and the bottom line red. And what happens so often, I mean, I show this, these charts, it doesn't matter what it is, you'll always find that there's some chart that makes outer wicks or the outer level of the candle where you can join the line. Of course you need at least two lines, I prefer if you can get three. And as the price gets to that, it either breaks out or it gets repelled. Well, look how many times from that peak D, the S and P at 41 in the 41, 40 area gets repelled at that peak D but then it becomes an important line. Look how many times in the S and P it popped up. And then what it did, it made a peak F, we actually went short the very next day, we took profits in that and I got taken out of our last position for that one was a smaller loss than the others because I wanted to keep it as long as possible. And then of course everything turned around Thursday and then moved up Friday. And now look what's happening, it's stalled where, it's stalled right and this are just two trend lines. It's nothing complicated. Everybody on every platform has a trend line that they can draw. And here it is, into the red line hasn't broken the green line, but in the chambering methodology, there's never an H when you get to a G, you have to assess it. And you know, I have to say, hey, wait a minute, is this a G which says, oh, be really careful because that's the end of the line? Or is this a brand new A? If it's an A, you say, are you kidding? Every single pullback I wanna buy but I like to go one step at a time. And then I look at the technical indicators and I say, wait a minute, I've been speaking to you for about three or four weeks now saying the nine-period moving average above the 14-period moving average, that's the green line above the black line has been so strong. And if I go back to the, there's a data chart on the left, the same thing with the Dow. So what I said to subscribers, I think it was on Thursday. I said, look, here's a pattern that I'm going to show you in great detail. And I'll just go to this one behind it. I'll get this away, we'll come back to this in a moment. And I showed them this chart here. And I said, look, during these rectangles, I said, look what happens when the nine-period moving average is the daily chart. I made it just a single line thick gray line for the Dow price itself. But the green is the nine-period moving average and the black is the 14. I said, look what happens when the green is still strong above the 14. You can still go to an extra spike to the upside. Then you've got to be careful. It did the same thing, spiked up there and that was on the downside. So the pink said, hey, I'm turning green. I'm way above, below the black line. So that's very negative. So the nine-14 crossover right here was still very negative. And then it turned around and you got a crossover in the nine. It went positive and we ran up and now we've got, this is Wednesday. This is Thursday. I'm saying, yeah, Thursday and then Friday extends even higher. Now we've stalled. So now what I want to, and this is what I'll be going through and a lot of charts to show this one technique. I've got so many others I'll be doing as well. But this moving average, the nine-period moving average can then make an M-shaped pattern. This is where you've got to be careful. That's what happened over there. Went to an M pattern. So right here is where I'd be a little bit cautious because I think we've gotten overextended. There was a lot of buying upon buying because there was short covering. And then of course the good news with Microsoft and Meta. So we've had this extension to the upside but not everything's participating. The semiconductors are still very weak and I like to use that as kind of a benchmark for the market. There are a lot of things going. You spoke about the dollar. Let me just show you the dollar while we're looking at that. And so in other words, we've got the resistance. You can see on the left side we've got the resistance right there in the inside track repellence zone of the Dow in leg E. You've got the S and P right here in leg G slash A. I'm thinking it's more like a G and it's going to need a bit of a breather here. And then when you talk about the dollar which very often when the dollar starts to move it has this counterpoint where gold can pull back but very often the market tends to, it doesn't have to break down but it tends to struggle to the upside and more likely comes down. So the dollar is at a critical point because the MACDs turned up, the stochastic's still quite weak but 9 beer and moving average has a lot to go. So this is, I'll also be watching that but I wanted to say for my subscribers and the reason why there's such an important webinar is we are still long the Dow in the Dow, the diamonds as well as the UDOW three times long Dow from the October low. So we've had trading positions on the upside for quite some time. Now we've sort of stepped back, we had that short position, we've taken that off and I'm looking at this and I'm saying, okay I'm waiting for a pullback to be able to put those positions back on. We also have a dividend stock. I like to have something that tends to look like it's got capital gain. What's the use of having a dividend stock if it drops 15 points so of 15%. So I like to have a dividend stock that has a chance to give capital gains as well as a dividend. We've got one that comes up with a dividend on the 5th of May. We'll see if that's still holding, holding quite nicely here. We've got a speculative stock, that ran up about 30% this pullback today. We added a little bit that we had taken off. We added back today so far that part's up quite nicely. So I'm really trying to get a smuggled board of different positions for subscribers for the next few months to come. And I think that this is a great time to be looking at that. We've got all our techniques that we put into place. You can see the wedge going to the upside that shows you very clearly where the support is. I don't think it'd be a smash to the downside, but I think what the Fed does on Wednesday is going to be very important, but the market right at this moment is a little bit vulnerable, even though it's had a spectacular news. So we'll be close to a great time for a webinar. The moment on our website at TFNN, you hit the news, you're right on the front page, you're going to hit Basil's opening call and you can get into the webinar. Basil, have a great one and a safe one. We look forward to your show tomorrow. Old report. The precious metal gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai gold exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The gold report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. TFNN has just launched their new trading room, the Tiger's Den. 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, and now they are expanding their reach with the Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other Tigers and Tigresses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. 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, to Dow. Dow Industries is down 24 Nasdaqs off 12 S&Ps of Flat. And folks, you know, we just had the interview with Basil. It's very easy to get Basil's newsletter. Come over to our website at TFNN. You're gonna see right on the front page featured content, the opening call with our mammoth to Basil Chapman. His workshop is gonna go from 4 to 5.30 Eastern Standard Time. It's gonna be on a Wednesday. All you have to do, you basically hit that button. You're gonna subscribe. And when you subscribe, you can subscribe. For one month, it's $149. For six months, it's 6.95, which is a savings of $199. And for one year, it's $11.95, which is a savings of $593.33%. Now, they all come with a 38-money-back guarantee, so check it out. You get a great newsletter for the month. You get a great workshop. Basil does amazing workshops. And listen, if the newsletter doesn't work for some reason, bottom line, you get your money back on the 29th day. Market-wise out here, bottom line, this market's waiting for the Fed. That's what it comes down to. Let's go take a look at, we do have a couple of breakouts here, and video. We take a look at inside the NDX100. Strongest stock, NVIDIA's up 4.5%. Microchip technology's up 3.7%. Biogen's up 2.4%. CSX and the real roads are up 2.1. Taken away from it. Loosen's down 7.5%. Amazon's off 3. Micron tech's off 3. And Datadog is off 2. Let's go take a look at NVIDIA. This thing comes out of nowhere, man. When this thing goes, it goes. Yeah, I'm not quite sure what, let's just see. They come up with the numbers of 524. No, there you go. You know, they seem to be able to hit everything, folks. First they hit the gaming, I'm going back like 10 years, 12 years. First they hit gaming, then they hit the crypto, and now the bottom line with that, now they hit an AI. Their first AI computer's are shipping out, man. This probably is gonna end up being an ABC app. Look at this, this'll be a big one, man. It's probably gonna be in the weekly, because on the daily, they're not gonna get the volume. Let's put this on a weekly and see what happens. Oh, that's the first day, so you're not gonna be able to tell much. But I suspect what you're gonna have, because you got a wide price spread out here today in this baby, so I suspect that that's what you're gonna get. The second one in there, microchiplet technology. Let's see what they're doing. Okay, so this is up 273. Okay, not as strong. They're coming out with numbers May 4th, so that's Thursday, right? Let's go to Apple, because Apple, Apple's gonna be the big number out here this week for sure. That's gonna be the fourth also. So the lowest 124, the highest 176, Apple's gonna be looking to take in 92 billion and $1.43 to the bottom line. They're still growing pretty good. I mean, in the America, they're growing by 4% a year. Europe, they're growing by 4%. China, they're growing by almost 6%. Asia Pacific, 6%. Japan, 2%. Bring this back, let's see what we got here. Apple's gonna need a lot of juice, man. It's really, the charts are really not that impressive. So we'll see what they can pull out of their hat. I'm sure that what they're gonna pull out of their hat, one of the things they're gonna pull out of their hat is that they're gonna have a problem more than likely a monster buyback. I suspect that's probably in the cards. You know, Google has a $50 billion buyback and it's not doing much for them. So this always gets intriguing when you see something like this. I mean, because look at Google. Google, you know, this is one, two, one, two, three, four, five, this is the seventh time in three months it's been up at these highs and haven't been able to break them yet. Put this on a two-year, yeah. You know, that being said though, if they break them, you can see this is kind of like kind of the market setup. That's been a long base, man. These have been based out for a while. I mean, you know, when you take a look at Google, Google goes all the way back to high of 151. It's still down 30%. We'll see what they can take it out. That's the bottom line. We go take a look at the Silver market. So Silver caught a nice bid today and then as soon as Gold started, I mean, as soon as the dollar started going, I just gave it up. Look at that bar, man. We got up to $26.21 and gave up a whole dollar. Now he did 73,000 contracts, which is good contract volume. Pull this in. Okay, so Silver, you know, bottom line is you get good contract volume here. That means you're gonna be right back to upside. Look at this contract volume, $72,000. Didn't hold price, but that's saying you're gonna be right back to upside. Vista? Vista, there's some action into Vista. You know, we do own Vista. That's an ABC up today. There's something happening to Vista. There's no doubt about that, man. That's an ABC up to 79. You're already at 73, but there's buying that's coming in there. Look at these buying. This has been happening for four days in a row. See his numbers over here? 18,000, these are all, the first one that started us off today was 85,000 at 1130. Then he had 18,000, 13,000, 10, you know. So we'll see where a good old Fred Ernest is see if he can get a partner going. I mean, that's what that's all about. That they've been out there basically trying to get a partner for quite some time now. The difference, you know, I suspect is when I was interviewing him on the air, is the aspect that now they have that as a $350 million project, which is so much easier to basically swallow for a larger company. That's what it comes down to, where he's do a piecemeal. And what's also happening though, this price, as the price of gold stays up here, all these types of gold and silver companies will operate in a different aspect. You know, that being said, my take still is that we still are gonna be in for a little rough ride the next couple of months. Because my take is that this dollar wants to go. And that's saying to me that Wednesday the Fed will come out, do that quarter point, and whatever the statement's gonna be, you know, they get three or four banks with three, yeah, four banks with down the tubes. That's the bottom line. The next deal to get down the tubes, and what's so intriguing about this one is that you have Wall Street defending this to a certain point. But the next one to get down the tubes of whoever has all this commercial real estate, meaning the loans on the commercial real estate, office buildings in San Francisco, folks. I mean, you talk about those, it's pretty heavy, meaning that who would ever think that that used to be some of the best office buildings in the world, not just the United States. And now you can pick them up 30 cents on the dollar. Yeah, you heard that right. 30 cents on the dollar. They'd love to sell them to you for 30 cents on the dollar. Dow Industries right now, down 62, NASDAQ off 29, S&P's off five and a half. 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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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 NYSC American and TSX under the symbol VGZ. Welcome back, folks, to Dow. Dow Industries down 44, Nasdaq's off 20, S&Ps are off three. Let's go to our man, Jim and Palm Harbor. Hey, Jim, what's going on, brother? Hey, Tom, while I was on hold here, I'm very happy. I just got my citizen's homeowner's insurance renewal and it only went up 21%. And I guess everybody in the state of Florida is gonna go to citizens because my bill went to 1,600 a month for 300,000 coverage on an owner-occupied place. Not 1,600 a month, right? No, excuse me, 1,600 a year. Yeah, yeah, good, awesome. But I was expecting that to double. Yeah, no, no, citizens is where it's at. If you're in Florida, folks, the bottom line is that even, I don't care how long you've been with an agent, they're gonna basically tell you that, no, we gotta give you this, we gotta give it. Don't believe it. Bottom line, get an agent that's gonna sell you citizens because the money you save is gonna be incredible. It's amazing, I know. Yeah, the only, again, the only problem again is your temporary living expense. If there was a major problem, like a fire or whatever, because they're only giving you 31,000 temporary living expense, that's the biggest problem. You have a fire and you gotta rent a place for five grand a month. That 31,000 dollars is gonna go pretty quick. Yeah, but what does happen is that the other citizens, the other surplus lines, all these insurance companies, Jim, are selling surplus lines now. And surplus lines, folks, bottom line, they got D and C credit ratings anyway, so they're not that much more, but you're paying so much more, you know what I'm saying? So it's like, yeah. I wanted to, I don't know if you talked about interest rates or bonds, and I'm just, look, I've been watching TBT-TLT for a long time. I looked back on this, on the notes that they're back to basically a 50% from the high low. And I'm just curious what you're taking on interest rates here, or what are the critical levels? So let's take a look. Well, what you have out here today is that you have the 10-year coming down. So of course, the 10-year, that's gonna bring, and the 30-year, that's gonna bring the TLT down. That being said, that 10-year's pulling back with dramatically lighter volume. So if you're looking to buy the TLT, you know, I'd wait to the, down at that level, the 98 level, that swing point there. Because you can see the TLT's down today, it's breaking the swing point. The swing point we're talking about there was a 103, 475, you needed 16 million shares, and you're breaking it with 21. So that's saying that it can go to this next lower swing. If that's laying out here at that, what is that, 98, 88. So I don't know. Yeah, and obviously not gonna jump the gun before Wednesday anyway, and see where the chips fall. Right. I was looking at the 10-year now was up to 3.5 or something like that. Yes, it's 3.59 right now, you know. So it's gonna get tricky, man. That's the bottom line, but as you just said, I would wait and see what the Fed comes out with and what their statement comes out with. Cause we're, if we haven't, like one of our targets in here was telling me, when you look at the Fed dot plot, it's a 97% chance that they're gonna go up with a quarter point this Wednesday, so more than likely that that's a given. And the real question is gonna be, what is that statement and how hawkish, you know, are dovish do they get inside that statement? I looked at, I looked at, there was an article this morning that showed that in Japan, their inflation went up, which kind of, now puts them in a box about, they were the only country really to be holding the line of easy money. And now it looks like they're being boxed in with three and a half, four percent inflation. So it's gonna be just an interesting week. Yeah, well, and in Japan's case, I mean, they've been looking to get inflation. I mean, they've been boxed in so dramatically, you know, because of the fact that they haven't had inflation as like, oh my God, that's like 50 years. So they've been trying to actually get inflation going, you know, so, and that's why you saw the yen today, the yen folks, and that's what's driving the dollar. So the yen's getting weaker, you know, on the bottom, you know, I guess the, let's see, you know, the yen's getting stronger. No, the yen's getting weaker. Yeah, the yen's getting weaker, trading at 1.37. So- And I'm looking here, I was going all day and I just looking at the screen, I see gold holding out really well in 1988. It is, gold is held up well. There's no doubt about that. And as a silver, I mean, silver took a hit of a buck today. Now that's a big hit because it was, first up a buck and then basically gave it up and we're trading flat right now. You know, we're going to have some movement when this comes out because, you know, we're at the high end of the scale right now. We know that every quarter point makes a difference for all the banks that the paper that they actually have on their books, you know. You know, it's just crazy. Here you've got professional economists with PhDs on these boards that anybody would have let them invest their funds on a 30-year paper at the rate, those ridiculous rates. That's crazy. You know, that- That people- Yeah, it's a great point. What I've found out, I know what I've found in general, that it seems that I don't want to make it all of us, okay, but I think that we seem to think, and I'm going to say it's a we, because that for some reason, if you have a big bureaucracy and this and that, you think they know what they're doing. And I've found that most times they don't. That's just so crazy. Like, you have to do it to get the job, right? So they're bright people. It's not that they aren't bright people, but then they just get hung up in this bureaucracy and they just let things slip. Is that okay? It's not my problem. It's your problem. It's, you know, and that's, you know, so it seems that that happens quite a bit. I know a couple of people indirectly, you know, not managing, but at least part of a team that manages, you know, seven, 800 million dollars. And they, no real, real world experience, you and I would have when people, 20,000 dollars at 2%, or 2.78% for 30 years. It's just crazy out there that those mistakes were made and now they can't be erased easily. Oh, no. There's billions of paper out there. No, no, that's for sure. That's for sure. It's confusing. But you have a great day and this will be an interesting week. It's gonna be an interesting week, man. Have a great one, have a safe one. Okay, thanks. Yeah, bureaucracies folks are really interesting. You know, you get a lot of really bright people that are in them. If you know how to move inside of bureaucracy, you can be very successful. And if you've never been in a bureaucracy, most times you can't move in them. I could never move in a bureaucracy. That's for sure. I, yeah, it's not even close. But hey, listen, there's a lot to be said that what blows, you know what blows my mind? This is what's pretty cool. The staff, normally the staff in the bureaucracy is so smart it's unbelievable. And it's the bosses that actually don't listen to the staff. That's what I've found. Like, just dealing with cities and states, it blows my mind how they can get so much done. And it's the staff that's getting it done, but then you have the bosses that, you know, they're the ones they have to present it and all that. And they're the ones that that's where it normally gets down the tubes, you know? Where the staff, you know, they do quite a bit. There's no doubt about that. You can see out here today, it's gonna be a sideways move, folks. You know, this market is waiting for the Fed. That's what it's waiting for. And it is waiting for the Fed right at the top of a range that if you get another break top side, we're going, man. Stay right there, folks who come right back. We have the Dow down 37. Nasdaq's off seven. S&P's a flat. We're coming right 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. 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Point-wise, excuse me, folks, you have JPMorgan putting 19 positive points, UnitedHealth 18, Big Mac 14, taking away from it Boeing minus 10, Goldman minus 18, Home Depot minus 15. No big deal out there. The small caps. Let's see what the small caps are doing out here. Small caps couldn't hold, this is interesting. Small caps are weak, man. Yeah, they're weak. With small caps, they got all the way up to $177 today, $177.34 and then gave it up on price with tremendously light volume. So that's, we have some heavy divergence out here, folks. Because you're looking at this, we have the Qs and an ABC up. I would say that the IWM wants to get out and test this low. The spy is a total toss-up. The spy, you know, we're right laying right on this line, man. I mean, you go here, look at this. That's just waiting for the Fed. There's no doubt. And the thing that's amazing, let's put that, or I'll put this on even on a weekly. You can see, you're just waiting there, man. And this is going, okay, so check this out. This is one full year where I just, where I started this trend line, that's a year ago, that's May. Each time it's been up, it's failed. We've only been, well, we've only been up there twice right at the top of the line. This is the third time. And third times do mean something. There's no doubt about it because if you make it, bang it, you're gonna go. You don't make it, you're going right down to the bottom of that baby. So we get a lot of action here, man. There's no doubt about it. And it'll be a mind blow-up if they go up and the market still goes up. You talking about shaking it off? Oh, man. I always remember folks, the bank and Claudia hide out the bull can run you over and thank God there's always another trade. Health happens in prosperity. Have a great night, folks. Have a safe night. Come back and visit us tomorrow morning. Tommy kicks us off 9 a.m., great show, folks. Rie, they'll get them, folks.