 It's 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 Mike in Southern California. Hey, Mike, what's going on? Hey, Tom, nice to talk to you again. And I have to start out and first tell you, I love this trading room. This thing is great. This app works great. And getting all the information, you're like instantly there, no delay, nothing. I know. Listen, I appreciate you growling proud with us. Your channel is in my pocket all day long. It's wonderful. Thank you, man. Thank you. Now, Tom O'Brien. Reww! Welcome, folks. This is Tom O'Brien of TFNN. We have 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, whatever you think about, you bring about whatever you focus on grows. Hope everyone had a great weekend, safe weekend. Let's make it a great week, folks. Don't make assumptions. Learn to ask questions. It is always better to ask questions than to make assumptions. Have the courage to ask questions and do as clear as you can be. Once you hear the answer to the question, you won't have to make the assumption because you'll know the truth. Mm, I get wise! Let's take a look at it out here. We have the Dow Industrial's trading up 7.35. Nasdaq up 3.10. S&Ps up 105. Gold. Gold contract down to $7.40. Traded at 18.33 an ounce. With Silver up 9 cents, $21.77 an ounce. Platinum up 8.80 at 9.39 an ounce. Light sweet crude. Up a buck, $110.65. Notes and bonds. Ten-year note. Up 10.6, trading 1.15, 27. The third year up a full point plus five ticks at a 1.33.16 and King dollar. King dollar's down 273 ticks. Traded at 104, 4.27. Euros at 105. The ends at 1.36.57. The British pound is trading at 1.22 to 1.00 US dollar. iPhone number's 877. 9276648. Give us a call, folks. Well, now it's going on in your world. In the world of the S&Ps, let's take a look at them. What do you have? Well, bottom line is you got a nice bounce out here. No doubt about that. You got the S&Ps right now trading up 2.7%. The Nasdaq 2.9. And the Dow Industrial's 2.4. That being said, guess what, folks? It is building costs for more lower prices. Why bottom line? You get this bounce. S&P, yeah, you bounce over 52 million. You're coming into 176 million. You're coming into 125 million. You can expect the bounce out of it. I expect when you can see the contraction of all, and we already got one ABC structure inside a larger ABC structure. Bottom line, you got another bounce going. That's in your S&P. We take a look at the NDX 100. Same type of setup inside the NDX. What we have with the NDX, the three Qs out here, they are up eight bucks right now. You're trading at 282. You know, last Thursday, we hit lows at 81 million. We did 82 million on Friday. You're doing 38 million now. You're coming into 94 million. Gold. Gold contract is having a hard time holding price. And this is telling me that, you know, this dollar has been like just strong like bull. And this pullback in the dollar looks to me like that's all it might be. Because this contract can't get out of its way, man. Right now, you're back $6.70. You do have light volume, you know. So we've been trading sideways for quite a bit. Now, if I go to the XAU and the HUI though, this is what is pretty dangerous in this market right now, meaning in the metal market. And the XAU and the HUI, what we did is this. We took out the lows, you know, last Thursday and rejected them. But the bottom line is that that rejection looks to me like it's gonna go back after it again. The XAU got down to 118, 123. The low it took out was 119. It didn't take out the low that was established out here at 1901 that was established in January. Okay, we got to, oh no, look at this, 1, 1839. We did take it out. That's, see, chat's interesting, man, look at that. Yeah, we did take it out. So we're going back down there, man. This thing wants to go back and test. The Gold Bugs Index, same type of setup inside the Gold Bugs Index. And we have there the Gold Bugs Index bottom line. We got down to, the low in January is 236, 337. We got the 234, 356. That thing wants to get down there again. So if that's the case, this good old dollar, very well, this could have been just basically a pullback. It came down hard last Tuesday. Today, you couldn't get under the low that was established on Thursday. The high that it has to get over is this 105, 005, 104, 413. The way that thing set up, man, that could be an ABC structure up. It failed on price last week, even on the weekly. But the way the rest of these metals are lining up, particularly folks, on a day that, yeah, the Golden Seal was up today, but they're not up with gusto, man. So that's telling me that we're not done yet on the way down, yeah, or at least test them. Some of the high volume equities out here today. We got advanced backers up $2.70. We got invidiers up eight bucks. Tesla's got a real move. That's up, and actually Tesla is moving with volume today. That's up 76 bucks, that's up over 10%. You got mobbells trading up 64 cents. That's got a little juice underneath it. Exxon's up $6. Now, that looks like a good move, but that came down hard and fast. And the real question is, let's get over and take a look at this oil contract and let's see, taking a look at it oil. You know, oil right now with this contract, we're on the July contract. It's trading $110.65, and the real question is, is that, okay, so we came down hard. Now, what's this? That, what we did last Friday, last Thursday, rather, folks, yeah, 17th, that right there, you know, is very well, could be a loss in golfing, meaning that you have four or five days down, you open tie, you close lower. This thing still looks like it wants higher price. That's the real bottom line. Let me pull this up here one second. So, the volume that we came down on, yeah, they're rolling contracts too, one second. CO, CO, yeah, that's still giving me that one. Yeah, if we go to the Exxon mobile, you're gonna see what I'm talking about that. And this is what happens in highly volatile markets that you've moved so much that it looks like, hey man, you got a nice big move. Well, guess what, Exxon's down off of 105. On Friday, on Thursday it hit 85. On Friday, now Friday hit 85. And, you know, you got a bounce going. You're trading at 92.30. Yeah, well, actually, anything over 92.05 is saying that, yeah, I can go back to the high. Today the volume is not bad on it. Chevron, let's go look at Chevron CVX. Chevron out here, yeah, Chevron. This is telling me we're gonna go into consolidation, yeah. Chevron's got a high volume low. It broke the swing point, so Chevron wants to go back to it's 145.79. Chevron's going up with lighter volume today. That's telling me that those oil stocks, you know, bottom line just might get dragged down with the broad market, the next leg down. Stay right there, folks, to come right back. We have the Dow Industries right now trading up 745. NASDAQ's up 316. S&P's up 105. We'll come right back. Plumbing inflation, we're purchasing powers eroded. There's no better place to protect your harder and money than in gold. This, the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tail-one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This, the gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million ounce gold reserve in a 16-year mine life. 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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. At 1-877-927-6648, internationally at 727-873-7618. Welcome back, folks. We have the Dow. Dow Industrial is right now trading up 728. Nasdaq is up 313, S&P's up 101. Let's go over to our mammoth to Basil Chapman as we do each and every Tuesday at 20 past the hour. And don't forget, folks, Basil has an outstanding show here every trading day, 10 to 11 Eastern standard time. Also has a great newsletter, the opening call. Now it's very easy to get this newsletter, folks. You come over to our website at TFNN. You're gonna see a red of the featured content, the opening call, you just hit that button. You hit subscribe, you can get the opening call for one month for $149. You get it for six months for 695, which is a savings of $199 at 22%. And you can get it for one year for 1195, which is a savings of $593 or 33%. Now they all come with a 30-day money-back guarantee, folks. Okay, so bottom line, you wanna check it out? Just hit, well, a month, six months a year. Check it out. Basil also has about approximately 10 to 12 archives on there that show you exactly how to ride that wave each and every day. Basil Chapman, what's going on? Hi, Tom, hope you had a good long weekend. I did, I hope you had a great father's day. It was fun. The life was very great. It was, I know, I love it, I love it. So, these three-day weekends, you can get used to them, you know? Oh, man, I think we should have three-day weekends all the time, man. That's where it's at. You get just as much work done, man. Just depends on how much work. What's interesting is that the futures were open and Sunday night, the futures ran up, they ran down and they ran up very strongly, and we followed through on Monday. So even though it wasn't a market day, I thought there was a really important session and on Sunday, I waited Saturday because I did a bunch of work I needed to go through and on Sunday I did my market overview video for my subscribers to my opening call. And I said, I like a lot of what's going on here, even if it's a short term, the fact is that some kind of relief rally should come early next week. And the reason I had looked at that was if you see this little tiny doji candle here, this is the daily chart on the left of the Dow and the middle is the weekly and the right is monthly. This tiny little doji candle came about just as the unbalanced volume. I don't usually talk about the MACD and stochastic are used them all the time as being overboard or oversold because the stochastic holding strongly above 95% is fantastic. It's usually great. And if it's underneath 10%, which is the exact opposite of being over 90%, this is on the way down 10%, that's usually a negative. But I do use the unbalanced volume that's very overboard. And you can see right here on the, what was that? That was the 27th of May, the unbalanced volume made a high and then turned down quite sharply. And that's almost where we got that turn in the Dow at 33,272. So a couple of things I liked very much. I liked the fact that I went through all, whoops, I went through all the Dow stocks that he stocks. And while I didn't get any real buy signals, many of them were extremely oversold and ready for at least to bounce. That was number one. Number two, the fact that I had this little small doji candle, which could either be a halfway marker. You can see this long one here was like a halfway marker to the downside. It could also be a reversal candle. So I liked that. I liked the fact that the unbalanced volume, which when it gets oversold or overbought, that's the one thing that can turn with the price of whatever we're following. So we went along on Friday and I needed the confirmation that we'd have a, the futures would be up over the weekend and thank goodness they were. So this is a very good follow through, but until the Dow, you can see this pink line here is a nine period moving average and way above it, and that's a 30,877. Way above it at 31,249 is the 14 period moving average. So to get these to cross so that the pink turns green because it's above the 14 will take, oh, at least 31,531,600. So I like to go step by step. So we've got the first initial turnaround. That's important, but it's still the day's young. We've got 35 minutes to go. Anything can happen, but so far, this is good because I'd say to subscribers today that if after 1.30 or 2 o'clock the Dow is holding strongly to the upside and the VIX is pulling back and the VIX is now at 2,964. That's the volatility index. That will at least allow the Dow to close strongly because if there was a failure, we would have had that by about 2 o'clock. So so far, this is good action. So that's just one step. The other is that in looking at a number of the, and as I say, we went along on Friday already so we're along via the diamonds, but also looking at the different Dow stocks, we also took a position in IBM as a first, I can't even remember when last I ever looked at IBM as a long position. But one of the reasons is, look how it held, look how the market, look, the IBM was at 144, just where it was on the 6th of June. Then the market took a huge dive and look, IBM only went down to 1.32. So my reasoning is that we've seen Microsoft, Adobe, and you can just go through the list of stocks from the year 2000 that just got hammered, had almost 90% or sometimes even more of a decline and then morphed, they reinvigorated their company and thought through the process of what they need to do. And most of them went on to new all-time highs. So my thinking is that IBM in the AI and information technology and the cloud, there's a chance that they have finally got something right. So we took a long position and it's at this particular point there's a lot of evidence on the upside that we will need to confirm that it's going to go much higher. The fact that it held well on the downside, we've seen stocks that have held well and when the market broke to the upside, they didn't do very much. In this case, it was really important to see what it did today and it's up $3.12 at 1.3814. So I'd go one step at a time, but I'm kind of putting it in the Dow category as kind of for me, it's a kind of a visual icon because if IBM is able by this coming Friday or early next week to actually trade in the 143, 144 area, I think that'll be a really good sign that is you can't just look at the sector, you have to look at the sector leadership and it would be surprising to everyone if IBM suddenly became a leader in the tech. So I like the action and so far it's acting well and we're also, we're in another position that we just added that is in the, it's kind of the former Nasdaq winners that really got beaten down. So we have an ETF that kind of represents that and so far today, it's up about 4.5%. So we've been selective. When we get to, how do you get to a letter A? So you identify the low bar. Actually, let me just show you. Right, we don't know just the low or not. That's why I'm asking. Oh, that's a very good point. So my thesis always is we use different techniques on the way down, I usually use the technical indicators. I use the mag-D, I use the stochastic, I use the unbalanced volume. So does it have to get to the 14 day or the nine day to get to an A? Or is it just? No, it doesn't have to. There are other techniques that I use, but most importantly, on the way up, I always use the alphabet, A, B, C, D, E, F, G, and D is where other things go. That's a very good question. So on the way down, I use the, look, this is a trough B in the IBM. I use that, but it isn't as important because on the way up, I'm always using the letters. And yeah, it simply shows there's a starting position and then you go alphabetically, A, B, C, D, alphabetically. So that's basically it. So we're looking at this as, I think this, based on the oversold action that I'm looking at, I think this can last a little longer than the usual, just pop up and drop. So I'm hoping for that because the technicals indicate we are very oversold. And folks, it's very easy to get Bowser's newsletter, come over to our website at TFNN, you'll see it right under the featured content, to hit that button, and you are off the races. Bowser, have a great one, safe one, and we look forward to the show tomorrow. Thank you very much. Thank you. Sarah, there's folks coming right back. 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. New subscribers get a 30-day money back guarantee, so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. TFNN has just launched their new trading room, the Tiger's Zen, 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 Zen, available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Zen, 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 Zen 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. TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, your ultimate trading mastery system, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including garteries, ABCs, butterflies, and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting 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. Dow. Dow investors right now up $708. You get the NASDAQ of $303. S&P is up $103. Let's go over to the DAX in Germany for a second, because we have the questions about the aspect of, you think this is a one-day wonder. And if you look at the DAX, it very well could be because what you have out here today, folks, the DAX got the $13,443 and then gave up a bottom line 160 points in a heartbeat. Looks like the DAX is going to go after the swing low again and go after the last swing low that I was talking about last week. Okay, so let me pull a few more of these up and here up and see what we're looking at, because we certainly had a nice bounce. That being said, though, that bounce is on particularly really light volume. So we pull up the FTSE. The FTSE right now, FTSE in London. Come on, baby. Okay, that was up 30 bucks. That didn't hold price either. Interesting. Yeah, hey, we'll see where this baby shakes out. Most times, you know, if you get a little bounce going, there's no reason that it can't bounce for a few days. That being said, though, when you look at those European stocks, don't be surprised if you open down again. It's going to go right after it. Now, if we ever do that, that's just telling you that you have one of the weakest markets that we've seen in quite some time, because the bottom line is that the last time, you know, we came down hard last week, it tried to bounce for one day and gave it up again. So this is a one-day wonder and gives it up again, man. The market's telling us quite a bit, man. That's the bottom line. You know, we'll see where it's going to shake up, but that's the way that it is shaking out at this point. Yes, the contraction and volume is huge. When you have a contraction of volume on the way up, folks, after a downtrend and when you're in a downtrend, the bottom line, you know, most times you can bounce a little bit further than this, is no doubt. And if you're going to go back down, you have a contraction of volume on the way up. What has happened in this market, this market hasn't even been able to get a bounce. Let's go to our man, Frank and Gloucester. Frank, what's going on, man? Hey, how am I always beautiful up here, Tom? I bet it is. 25 degrees breezy. Nice. You have a good father's day and grandfather's day. Oh, very, very nice. Thank you. Yeah, all kinds of great kids. Yeah, good time. That's so much fun. Yeah, I know it. Teak, huh? Let's take a look at this. Yeah, I said gold stock. I've been looking at it for a while. It seems to have pretty good fundamentals. Yeah, let's take a look. So this company has a lot of metal folks. We're talking about right from Zinc, Kappa, Mobileen, Gold, Coal. They do business in the United States, Canada, Peru, and Chile. The lowest, $19, the highest, 45. The PE is six. They pay a 1% dividend. Okay, so, okay, so I came down. Okay, so we did 6.5, 7.2. Yeah, I like this. So this is what happens here, folks, okay? You get a consolidation down at the lows. I do like how this is set up, Frank, and the reason being is that the gold and silvers didn't do this. It came down, but what they did is that they came down, man, with almost too much volume into these lows, the same lows, man. Yeah. So this has a little bit more. I'd almost let it test it again, because there's something, to me, there's something that's not right just yet in this metals market, man. Right. And my take on this, folks, is that we should have took off last week. And, you know, what happens is that this dollar, man, you know, this dollar just looks like it does not, does not want to go down. You know, it gave it up, we had a failure. That being said, you can see it today, it rejected 103, 900, 104, 391. And what I'm doing, Frank, what you're hearing off me also is this. We're in a double ABC structure down in the marketplace, right? Meaning, folks on the S&P, the NASDAQ, the small caps. Yes, we have a bounce going today. It's a contraction of volume. These stocks are moving with the broad market, man. And they had, like, today, it would seem to me that, you know, the metal stocks in general should be up a lot more than they are, man. This is, like, you know, it's just not enough there. So you can imagine if, in fact, you know, we take another leg down, it's like, okay, man, where are they gonna go now? You know, I don't like it when, you know, we all have views all the time. And sometimes they're stronger, or, you know, views than other times. My take last week shouldn't have that, you know, I mean, we know the markets the market. I'm not saying it shouldn't have went down. I'm just saying that those metal stocks were way too weak. With gold still really holding. I mean, it didn't fall apart, you know what I mean? So. Yes, yeah, it sure looks that way. Do you think that the oil is driving the dollar? Oil price? No, I think what's happening is that inflation is so bad and no one's tackling it. And we probably are tackling it a little bit more than anyone else so that the dollar's strong. Because my take here, what's going on is that no one's moving fast enough to crush inflation, man. I think these rates are gonna go up, I think mortgage rates are gonna go up over 10%. And because, you know, I went through this before, you went through it too, Frank, man. I mean, the bottom line folks, this was a five year deal. The last time this happened and you needed a vote that could mean, I mean, he just flipped everyone out and I remember it so well because I was a skate guy at the time, but I just remember it because I remember everything getting so expensive. And it doesn't end like, you know what's blows my mind, Frank, these, all these analysts even talk like it ends in like three or four quarters. I mean, that's impossible. It's all political talk, there's no reality. Right, well, I'm talking about even financial analysts. There's, you know, like, oh yeah, if we do this, it's gonna, it's like, hold it, man. When inflation gets out of the bag, it takes, you know, years for it to come back. Well, talk about slowing down the economy to tackle inflation. That doesn't make any sense to me. No, but that's the only way that inflation stops. Unfortunately, that's what we're talking. They're gonna put the economy in a recession because that's the only way it stops, man. Give me the range, give me the range from the US oil industry. I'll have inflation stop really fast. Yeah, I, my take is that what has happened is that inflation is everywhere, including in payrolls and the perception, once it got to payrolls and the perceptions there, inflation is all about perception. But this is where the wild card is, folks. When this was happening before, a Volca put it all the way up there to 14 to 15%, and then we started off at that level. This time, we started at like 1.5% and they're gonna gem the rate all the way up there. So, you know, it's like, we're all gonna have less money, man. Oh yeah, you know, this is gonna be bad because the economy that we've built is built on really low interest rates. It is. So now, if they start coming up to be really high, it's gonna hit businesses like crazy. No, it is, it is. And with the choices, do you hit businesses, you're a business in general, or do you just keep playing higher price and then everything's worth nothing unless you have a hired asset, you know? Cookin', brother. Hang in there. Thanks, man. Stay right there, folks, come right back. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. 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Visit directioninvestments.com slash biotech today. An investor should consider the investment objectives, risks, charges, and expenses of the direction chairs carefully before investing. The prospectus and summary prospectus contain this and other information about direction chairs. To obtain a prospectus or summary prospectus, please contact direction chairs 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, Four Side Fund Services, LLC. This program is brought to you by VistaGold. Traded on the NYSE American and TSX under the symbol VGZ. I'm O'Brien! Welcome back, folks, Dao. Dao Industries right now at 680, you got the NASDAQ up 290, SAPs are up 98. Let's talk a little bit about inflation here. So the last inflationary spiral we had, folks, okay? You had Lyndon Johnson. Bottom line, it was the, you know, bringing in the great American social pushing money into the system. And I can tell you, flat out, you know, I'm elated that he did it because I happen to be one of those folks growing up in South Boston that benefited from it because what had happened in that whole area is that, you know, less, well, poor areas start getting more money, there were more programs, there were plenty of starting jobs, okay? There's no doubt about that. And then, simultaneously, the Vietnam War was there. So the acceleration of cash in the system was exponential. That brought inflation in. That area there took seven or eight years to hit. My take on this one here, this goes all the way back to Alan Greenspan. We have been putting money, you know, we know that by the dip, right? By the dip has worked, you know, since up and in the market. I mean, realistically, right? I mean, the bottom line, I remember when I first looked at the market, the Dow was 808. I remember it so well, okay? The Dow's running out of 30,000. Bottom line, why is it worked? It has worked because, you know, since Greenspan, every single time there's any little, you know, hiccup, the bottom line is the Fed would throw more money from Greenspan to Bernanke to Powell, right? And the kicker, though, was okay, you put money in, you put money in. Then the kicker was, we had COVID. We hit COVID, then every country, including ours, they sent out so much money, folks, it was incredible. It was, you know, the bottom line is that, you know, and I'm talking about right from SBA loans, from the payroll things, they got it, they did. I mean, you know, because the bottom line is that, at that particular point, that could have been a real disaster. But that being said, the bottom line is that there is, it was way too much money put in the system. Now, the way that inflation goes, right? Supposedly the, well, not supposed, the definition of inflation is that here, on our left-hand side, our left-hand here has the amount of money that's put in the system. Our right-hand, okay, bottom line is the amount of assets that are in the country. But let's make this a small country, and just say this is United States right now, just so you can get an aspect of what happens with inflation. Okay, so we have $100 worth of assets. Let's just say it's $100 worth of assets in the whole country, okay? The bottom line, on the other side, there's only $100 in circulation, okay? So the bottom line is that we're chipping away here, going back and forth. That's a balance, supply and demand balance. What ends up happening with inflation is that on this left-hand side, all of a sudden we got $130, and these assets were $100, right? Well, what do you think's gonna happen? I'm gonna bid against you, you're gonna bid against me, and we're gonna raise that same asset up to $130. We might even raise it up to $160, but we're gonna raise it up to the amount of cash that's available. That's what inflation does. That's the first part of it. The second part of it comes down, the doubt that you had the bottlenecks and all this stuff, no doubt about that, but the second part of it, which is the biggest, is that it got into folks need more money, and they have paychecks because the aspect is they can't afford the prices that have gone up so dramatically. Once it's in the system, meaning the payroll system, that's when inflation takes off like a rocket ship, and that's what's happened. That happened a good six or seven months ago, okay? So now the real question is, is that okay, what slows it down? Well, I suspect what's gonna happen is this, that we actually went up 30% on everything. I'm talking about everything, 30%. It's right across the board, right? Now the question is, how is this gonna come in? Is this gonna come in? Another drip, drab, six, 10, eight, any of those numbers per year? I suspect for the next few years, it's gonna be there in spades. Now, what's gonna be interesting is this. An order for the, well of course there's always two scenarios at least, right? If the Fed blinks, then yeah, guess what? You know, bottom line, if I said when I mean blink, that if they don't go up in rates as fast as they should, what would end up happening? Yes, the stock market would go up, housing would continue to go up, and then you'll probably have some kind of social revolution, man. Because if you think there's inequities in the system now, the inequities in the system would be so far out, you know, there'd be a problem. And now I can't see that one. The reason I can't see that one is this, is that I think people having had enough time already paying rents. So what I actually see is that they're gonna have to break this cycle, man. That's the bottom line. And you know, let me tell you something, that's not the easy thing to say because when I'm personally even saying to myself, I know that okay, man, you're gonna come in for some losses, and those losses, yeah, I say that okay, they're paper losses, but what if they're paper losses for five or 10 years? Most of the time, when something like this happens, folks, right, my take is that we have about four years left. I think this whole thing started last November. We're gonna be going down for about a year and a half. We'll get, you know, some relief September, October. We should probably make, you know, people keep saying we're making a major low here. My take is that's not even close. We'll make a major low, my take, September, October. You go up for a bit and we'll find out at that particular point, okay, is that just a relief? And we're still gonna have a little bit more to go because I think all of this is gonna have to do with what the asset cost versus what the payroll is versus almost, you know, how people can live. And the wild card in this has to do with the large funds buying single-family housing because what will happen, we'll see how this shakes out inside of that because you gotta remember something, man. This is the first type of downdraft we've had since the funds have been buying single-family housing. And, and this is where, you know, they've taken a huge amount of housing out of the marketplace. So the real question is, will they keep coming in, buying, holding it up, or in fact, that it gets crushed so fast that they'll back off and then you get first time buyers that can actually get in the marketplace. It's gonna be tricky, man. The whole thing's gonna be tricky. But I just, I suspect there's a downd, there's a resetting of assets worldwide and we're just at the beginning of it. That's how this thing seems to be, and none of us really know what the reset is. Is there, you know, at one second it says, oh, how could it ever get down 20, 25% overnight? Well, guess what? Just look at some of the stocks, right? Look back how you were thinking, you know, nine months ago and then look back at what the NASDAQ's already done. All of our decisions of perception, folks. That's how it works. Dow industry is up 705, NASDAQ's up 296, S&P's up 101, stay right there, folks. We'll come right back. 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 in 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. 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So we'll see what, see if we get some follow-through and see if we at least get to that swing point of 383. That's a the SPI. We take a look at the NDX100, the three Qs. Right now, they're holding price also. They're at 7.57, 281. This one looks dicey, man. Let's see, 282.34. So check this out, man. This is actually gonna be a failure on price and volume today. Let me go see if this other one. Cause this should close over 282.34. You get over the high of the 13th of June. You're gonna close underneath it. You had volume there of 94 million. You only had 44 million. Let me go back to the SPI for a second. It might have done the same thing. Oh, I see the SPI didn't even get there. Yeah, the SPI didn't even get there. So you've heard me say this a million times, man. The NASDAQ brings you up, the NASDAQ brings you down. So I'd be really careful. Cause I think you very well may have a one day, one day here, man. If the Q's don't close over, it's 282.34. That's a buck from it. That's about as anemic as you can get. That's what it comes down to. And what that would be telling me is that overnight, if that's the case, overnight, what you're gonna see is this dollar is gonna go higher again. He's down 255 right now. The swing point to keep your eye on is 105, 500. 505 to be exact, 105. So it's a thousand ticks from where we are. But you've rejected lower price today at 103.938. Cause as this dollar goes higher, the market can't stand it now. Oh, as you remember folks, the bank and Clare hot out the bull can run you over. And thank God, there's always another trade. Health habits and prosperity. Have a great night, folks. Have a safe night. Come back and visit Tommy tomorrow morning. Kicks us off nine o'clock in the morning. Great show, folks. Real! Look at him, folks. Building well.