 and we'll see you in a few minutes. 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. Hey, Robert, how you doing, man? Yes, thank you for taking my call. I wanted to let you know that I've been a subscriber for a couple of years, just different members of your team has expressed my sincerest gratitude for you providing that information yesterday on the small business grants. I'm a small business owner, a primary big brick winner for my family and if I can get that money, it's going to really mean a lot to my family, so thank you for taking the time to do that. No, listen, man, we appreciate you growling and prowling at this. Now, Tom O'Brien. What is going on, folks? This is Jacob Shueve and they let's take a look at what we got going on. Obviously, big news coming out. We'll dive a little bit into it, but it's pal saying inflation is kind of a bit more aggressive or longer. It has more resilience than they anticipated, so this is kind of telling people that rates are going to stay longer or excuse me, higher for longer. Right now you can see the market not really know what to do with that. We have the ES mini sideways right now down about 0.3%. NQ's up the same amounts and then the Dow up 0.38%. Of course, Gold is doing quite well today, trading at 2,409. You actually had Citigroup come out today as well and said that their new price target for 2025 somewhere about halfway through is going to be around the 2,800 level, which would be fantastic for all the Gold holders out here. Barrick, of course, did not do too well today. We'll take a look at that a little bit going forward. Silver down slightly at 1.12% and then Copper settling out about $4.30 on the contract down about 1.58% and then Oil, actually sideways today trading at 85.43% currently. Now, it's interesting with some of the bonds we have going on here, right? You had some strength in them today. Obviously these things, you know, want higher rates. It remains to be seen kind of how that shakes out. I know a lot of people are moving money into bonds currently, especially with just the high rates that we have now and the idea that rates will say higher for a longer period of time. But anyways, we can move on from their Tesla down 3% 1.56%. This is really shot arc investment too in the foot pretty heavily. We're interested to see if they have anything to say about this, but obviously they're huge bag holders regarding Tesla and they're not doing too well with it right now. Still dynamics down as well at $139.91 in the dollar off from that $107 mark, trading at $106.27. Still want to see it move $207 and we're expecting that to happen Disney at $114, Apple some news, SMCI this is such a crazy chart it's a super micro computer so we got cooking on it. Anyways up 8.16% today things off is somewhere up north of $1,000. I can talk about that when the charts come up. Essentially they're introducing new IOTs and embedded systems that's going to use Intel's INTC, Atom and Core, Central Processing Unit. This is low power, high efficiency, this can be for compute performance. I don't understand the hype around IOT, but every new product seeks to join it in a major way of course edge applications are massive in more industrial kind of senses but for the common household user I don't see a use in IOT but that doesn't matter because the market does and we've seen things like SMCI, I mean look at that chart, I mean it's from December man if you just have what we're trading at $235, sometime mid December all the way to its high of $1229, we're trading right down now at $954 and I think a lot of analysts see that going back up to around the $1,000 area. Some interesting news in that way as well is AMD it's quite cool, let's take a look at what we're at right now. It's just trading up 2.21% at $163.85 it's quite the dip too from $167. They have just unveiled new AI chips for business PCs which is fantastic it's called the Ryzen Pro 8000 series and the 840 series will be available later this quarter commercials PCs equipped with the Ryzen AI enabled processor will often offer next generation performance for artificial intelligence enabled content creation, collaboration data analytics workload and I still think this is a little bit ahead of the curve but many people are using any kind of like AI that's so intensive for business at this moment you know beyond content generation from open AI but if a company like AMD can get in here for the consumer market again we've already spoken about how to video a lot of their major drivers are going to be for training these AI models and AMD kind of allows them to be maintained especially on a commercial level so if they can get ahead of the curve on this I think they are they can have a pretty good sizeable share of chips used for AI in business which I think is pretty solid see if there's anything else interesting with it it's about it when it starts shipping of course we'll follow that as well in the realm of AI Microsoft has invested about 1.5 billion in an Emirati AI firm G42 and takes that's a minority stake in it you know there's projections going all the way to the 30 that you're going to have AI you know making up something like 15 trillion of the global GDP so it makes sense that you have these companies investing large, large chunks of money just to get a small sliver of it and I do see it being pushed I would say to be successful let's talk a little bit about this Microsoft invests 1.5 billion in United Arab Emirates based artificial intelligence firm G42 that gives the US tech giant a minority stake and a seat on the board under the partnership G42 will run its AI applications and services on Microsoft's cloud computing platform Azure to deliver AI advanced solutions to global public sector clients in large enterprises again if you've been you know with us this is one of the things we talked about that Microsoft is so solidly positioned for right is going to be basically storing a lot of this data on certain portions of its Azure platform Microsoft President Brad Smith will take the seat said we'll combine world class technology with world leading standards just typical CEO talk but again I think this is what's so solid with Microsoft going forward is when you're using this AI that information is stored somewhere it's sent somewhere it's processed somewhere it's not being processed natively on your PC so where is that going and you know that's a big question obviously security wise but also you just want to know what's happening in the operations of your business and this is where I think Microsoft is just poised very well because you already have a lot of integration in businesses with Azure and so it'd be kind of a seamless transfer for people who aren't Azure maybe say like AWS and we have been seeing Amazon invest a bunch in AI as well and I would reckon it's probably the same way that they want the data being stored and processed somewhere on their servers regardless the point is that more Microsoft can get into that and have these early AIs that will be used in enterprise solutions that they can store that data on Azure and process it there I mean it's huge and really the upside for Microsoft will be massive for that take a look real quick at Microsoft's trading app before we go to the break trading up just moderately at 0.7 at 4.16 at 58 folks a tune we'll be right back with Basel Chap If you spend any time online researching trading techniques on how to begin your trading journey you've no doubt come across many folks that use forex trading as a way to make big money quickly unfortunately there are equally as many stories of these so-called forex professionals just looking to make a quick buck off his spiring traders without actually teaching the ins and outs of the forex market this is what sets Teddy Keckstatt's the Tiger Forex Report off the riffraff every Monday former Chicago Mercantile exchange member and author Teddy Keckstatt releases his Tiger Forex Report newsletter where he dives into the complex world of forex and takes time to teach you his methods that have made him so successful in the fast-paced and rewarding world of forex trading furthermore all subscribers receive access to archived live streams of Teddy's where he provides university level education to help you in forex trading all first-time subscribers receive a 30-day money-back guarantee so what are you waiting for forex awaits the stock market is a delicate interconnecting web of commodities equities and trader psychology when one string of the web is pulled as a ripple effect across the broader market this is where opportunity lies but how are you to gather all of this information in one cohesive model when you're already spending your energy looking for any possible trade opportunities luckily you don't have to worry about that as Tom O'Brien has brought all important market news to you in one single newsletter Market Insights Market Insights provides a daily overview of what's happening in the indexes, bonds, gold and more follow along with Tom daily as he analyzes the components that affect the overall movement of the stock market giving insight into how each one plays either a bullish or bearish role Tom also analyzes specific equities that he believes has the potential to make huge returns and his track record proves his analysis right all first-time subscribers receive a 30-day money-back guarantee so what are you waiting for don't let the market leave you in the dust are you ready to take charge of your financial future your gateway to the world of trading and investing whether you're starting out or scaling up TFNN empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques it's time to protect and grow your money with insight you can trust join us live Monday through Friday during market hours for exclusive content that moves with the markets at TFNN we bring the trading floor to you our seasoned hosts are here to answer your calls and questions live on the air join us live for just one dollar and follow us on YouTube and become part of our vibrant community and remember at TFNN we're so confident in the value we provide that we offer a 30-day money-back guarantee on all new premium newsletter subscriptions and services you have absolutely nothing to risk so why wait tune in live to Tiger TV and transform your trading journey because when you know better you invest better you'll be at 1-877-927-6648 internationally at 727-873-7618 welcome back most is Jacob Schup feeling in for Tom O'Brien let's take a look what we got over here this is the opening call newsletter by Basil now I've said this many times before but I will check out what he's doing when I'm posting other newsletters and all of that and it is super interesting another very cool thing that he does is every Saturday he can tell you a little bit more about it but every Saturday he releases a long form video kind of going over things that he's looking at which I think is a really unique kind of offer you come here this is the plans that we have here is 149 for one month 695 for six months and 1195 for the whole year that is a 33.17% savings of course if you are a first time subscriber to the service and for whatever reason it doesn't work for you it is okay we have a 30 day money back guarantee for all first time subscriptions Basil how are you doing hi Jacob how are you I'm doing well how are you doing I'm doing very well thank you and just watching the the visit use of this market and watching this bouncing up and down and I just thought you spoke about my newsletters I don't usually talk about this but what I do every day for subscribers across is I have an overview that's based on the Dow but it really applies to the other indices because I talk about them this is from yesterday I said Dow closed down minus 248 to 37,735 and then I discuss all the negatives and positives and what I said is that this is an inverted Chapman of Roman candle what happens is a particular technique how the price had to rally and hold at a certain level and then I also said so that if holding a plus 90s or more after 145 p.m. the chances are good that an up close of an up close increases and then I'll tell you what will happen if there's a negative action and I also discussed that within this you can see there are a couple of prices here and I spoke about this when I did Tom show yesterday that there are a whole bunch of support Chapman we've automated and I was at support levels on the very short term and there's a technique that I use called Chapman inside wedge target support line this dashed line here said that it went right to the line yesterday and there was a good chance that there would be a balance attempt so we've got that this is alive right now we've got a little bit of a balance going on up 163 so that's part of what I look at but this is what I thought I'd mentioned when I was talking about with Tom and during my show for a long time but especially over the last week I've been saying oops I didn't want to go down I wanted to go here I wanted to talk about this indicator that I developed years ago it's the 9 period moving average and the 14 period moving average when the 9 goes above the 14 that's positive when it goes below the 14 that's negative I call it my this is the technical tool of last resort the one that waits the longest before it gives a confirmation of a signal so it gave a beautiful turn around it was around about the 27th of a Kobe the Dow but on the 3rd of November that 9 period moving average crossed positive and look at this it's been positive all the way through until right there and that was on the 4th of April I would say that's quite a few months of one technique showing you that even those dips you could have been holding along and look what happened here it turned negative and now the 9 period moving average has confirmed the sell mode in the daily not the weekly chart here but the daily chart of the Dow the S&P waited waited waited and then finally the other day look from the I think it was the 6th of November yep the 6th of November green 9 period moving average just turned pink and remains pink that's the first time it's done that in months and months so I'm really very much aware of what this indicator can do but it is only a daily indicator doesn't say everything's going down just says on the on a short term chart you start to get sell signals right across the board the QQQ there it is it went it went pink a little bit and then it went green green is good pink is is negative and now it's pink and look at this IWM so these are the four key indices very negative right here on the daily chart and we waited and we waited being negative the the semiconductors looking at it as if this this was a top right here on the 7th of March and finally yesterday turned pink and that's that to me is really important to the two most important indices or sectors that I'm looking at now to kind of confirm that there's a chance that at least on the short term we started to see a roll over is the IAI which is the when did I hit 3S IAI is the broker dealer ETF and that's finally turned down so that's just saying to me you got to be somewhat careful right now a little bit cautious the bonds are going the bonds are going down the yields are going sharply high yeah they could turn down right now but that to me says you've got to be careful so what's also fascinating is that there are some stocks that are holding well for instance to this morning we went long we went long a Dow stock and it's actually it's been holding very well as the markets have been pulling back the last couple of days and that's just a good sign says maybe that can go even higher but you would it's fascinating you were talking about a Microsoft just a moment ago so Microsoft we've been long since 338 it went all the way to 430.82 on 24th of March and it's pulled back but it's been really reluctant to pull back sharply but it did break key support of 1416 yesterday it dipped to the 1413 area and today it's up a little bit and that's just telling me that even here in the sectors that have been absolutely outstanding there is some there's some weakness creeping in and that has to be dealt with over the coming few days and also fascinating enough you I often hear you talk about sdld which is the steel dynamics yes so steel dynamics made all-time high on the first of April and lo and behold that 151.34 all-time high the same day had 149 round number open and it's trading now at 140 that's it's just interesting to me that these round numbers really are quite potent we had Nvidia had an all-time high of 974.00 all-time high on the 8th of March it's trading now at 879 it's just kind of gone sideways it's been really struggling and then just a whole canapola I mean can you believe canapola has 382 all-time high but the day before it had a 81.00 round number high and yet it's trading down to the 362 level so I there's a lot of indicators that I like to use and I discuss them as you mentioned on a weekend I have my overview it's about an hour long and I go through all these different points and we've been looking at what does it mean with all these round numbers there was a round number in arm holdings there's been a spectacular stock in the semiconductor area all-time high on the 12th of February yet look at this let me just pull that down it hits 164.00 here it is at 123 so I got a light to look at so the stock we chose today actually had a couple of round numbers at the lows now we're going to see if there's a chance that it can actually have a rally based on that that's interesting I'm going to be sticking around to see that no kidding yeah arm 164.00 but that's not the only ones I mean this TR MicroStrategy had 1999.99 high but that day it also had a 1953 open round number and 1942 and here it is down to 1281 level well Basil thank you very much very interesting stuff to consider yeah Basil thank you so much guys check out the opening call newsletter at tfnn.com and check out Basil tomorrow at 10 a.m. Thank you Jacob take care now Have a great day many trading newsletters attempt to focus on a narrow set of equities or commodities while this works for some it oftentimes misses many opportunities that possess huge gain potential but how is an independent trader supposed to scan the entire market looking for these hidden opportunities one simple answer the opening call newsletter Basil Chapman developer of the Chapman wave trading methodology has been trading the markets for longer than most trading influencers have been alive and over that time he has honed his methodology in order to accurately call movements in a wide range of equities from semiconductors to uranium to key indices and so much more Basil is old school taking the time to educate the trader while also giving his insights into key indices selective stocks and more opening call subscribers also receive access to dozens of educational live streams that can be accessed at any time for your edification all first time subscribers receive a 30 day money back guarantee so ignore the pop trading influencers and start learning time tested technical analysis Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter mastering probability and you'll receive access to seven of Steve's educational webinars absolutely free at TFNN all our newsletters come with a 30 day money back guarantee so you have absolutely nothing to worry about visit TFNN com and try mastering probability 30 days risk free today TFNN educating investors Tigers we have some exciting news live trading Fridays are here join Larry Pezzavento every second and fourth Friday of the month 9am to noon eastern time as he places short term trades and gives new strategies that's right that means the first live trading Fridays event starts this Friday April 12 make sure to sign up so you don't miss the potential for huge gains if you've attended Larry's stellar webinars before you'll be familiar with the live trading portion live trading Fridays will be strictly this portion that's three hours of pure 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You'll save $50 by using code Larry live at checkout this code is valid only for this month and the discount stays with you for as long as you're a subscriber to the service so don't delay sign up sit back and follow Larry Pezzavento as he places trades live see you there Tigers this portion of the Tom O'Brien show is brought to you by directions daily leveraged and inverse ETFs whether you're interested in investing in the funds involved significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio they are not designed to track the underlying index or security for more than a day before investing carefully consider funds investment objective risk charges and expenses contained in the prospectus available at direction dot com read carefully distributor for side fund services LLC welcome back folks to shoot filling in for Tom O'Brien we are still sideways most market for the day at least trading at five thousand one hundred and eleven of the yes many nineteen eighty six in the Russell seventeen thousand thirty four and cute up about point thirty one percent and then gold we are up one point twelve percent two thousand four hundred and ten roughly take a look over here this is the order hyphen oracle dot com now Tim we have all come to really love his analysis and Tim we also have a few of his webinars his archives on tfn dot com under the services tab strongly recommend checking those out that is a great source of information especially if you're working on becoming a technician yourself I believe we have Tim on the line right now Tim are you there yep I'm here so what we got actually well actually right now we look at gold but really the thing to look at right now I think is actually the market I can kind of I don't know where to we can actually okay in a nutshell I did go along on Friday and the reason why I did get some panic in the ticks and trend on Friday's clothes and I did on Friday we had clothes on the trend of two point five and we had a four and thirty three down tick reading that's a bullish combination suggest a low of as early as that day of the reading to as late as two days later which will be today and so I'm thinking today is probably the low that we can go through that and I'll show you my analysis but yeah I'll start with chart one give me one second to get it up all right let's see here all right we have chart one of the SPX right the SPX is actually a monthly chart and I don't know the four last couple of weeks have been saying we're probably going to stall in here and the market finally did and the reason why it's just a simple method anyhow the middle the second window or the second window down from the top is a monthly SPX and every time you get the trading range how you pronounce it see if you get 50% of the trading range above the upper Bollinger Band on a monthly time frame usually the next month is consolidation we actually had that it looked like February didn't quite do it and I was kind of looking at it but March we did we closed more than 50% above the trading range above the middle Bollinger Band and we could see a consolidation and that's reason why I kind of got out of the market and waited for that consolidation so now we're consolidating so where are we going to go from here let's go to page two all right give me a second all right we have give me one second actually that's chart three well I see chart three I see that's my fault let's get it out this is chart two right now all right all right chart two this is a weekly SPX middle window and the window below that the XBX VIX ratio and the only thing I want to point out on this this is a weekly time frame as the market goes up and the SPX VIX ratio which is the window below the SPX and if it makes lower highs as the SPX makes higher highs that's an immediate term bearish sign and all that pink areas identify those times where the market went up that ratio would made higher or lower highs where the SPX made higher highs over the last several months the SPX is making higher highs and that ratio is also making higher highs we did have a pullback here but I don't think there's anything meaningful the reason why the VIX never responded really until the market really went down didn't respond going up into the highest making higher highs as the SPX were making higher highs now we got a pullback well the VIX does go down when the market the VIX does go up when the market goes down and that's what we're going going right now and so let's say the market makes a higher high here and the SPX VIX ratio makes a lower high then that's something to worry about that we don't have anything going yet because the SPX has not made a higher high so that's something worth watching as we go forward here but I do think we're on a midterm scale here there's nothing to really worry about there's not anything that's jumping out at me that this is a major top we're going to go down and split in half the market nothing like that as a matter of fact as we get going here I'm probably saying they're probably making a low today okay we're up alright it's chart 3 the bottom window is the NYSE advancing issues divided by the NYSE total issues and you take a 10 day average of that and what you're going to come up with is a swag breast thrust indicator and that is when the readings hit below 0.4 which we did yesterday we hit 0.35 on the close and if that market and if this racial analysis the NYSE advance divided by the total and you take a 10 day average of that that reaches 0.6 within the next 10 days they call that a swag breast thrust indicator and suggest a bold move and a market is coming so in the next 10 days we get a reading about 0.6 and I think we'll have a rally that's similar that was started last October pretty much straight up again so I think this is just a minor sideways pattern it hasn't happened yet but this next rally in the next 10 days which is basically two weeks from today and we're at 0.6 or higher and then we're going to have a real significant move coming over the summer so we'll have to wait and see if that develops but I'm just putting that out right now we're going to be watching for because we did get the oversold condition now we need to get to 0.6 if that happens in the next 10 days I think the market actually has capabilities doing that we'll have to wait and see though let's move on to chart 4 okay I'm chart 4 of no now chart 4 this is the second window up from the bottom is the SPX VIX ratio again and every time you get below the lower Bollinger Band which we did yesterday and the last time we did that came at the October low and the time before that there was a minor low in 2000, October of 2021 but anyhow when that ratio gets way below its lower Bollinger Band you're always looking for a low so we're probably in the vicinity of a low according to the VIX type indicators so that's one reason why I'm bullish here we get the sound coming on yeah definitely I want to talk a little bit more on chart 4 when we get back you know right now we're trading at 5101 let's see when we come back Tim stay right there we'll be right back if you're looking for potential trading setups in the stock market then Rocket Equities & 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 & 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 for traders who crave risk directions daily leveraged and inverse ETFs provide opportunities to magnify short-term perspectives with up to three times a daily leverage utilize bull and bear funds from both sides of the trade and trade through rapidly changing markets these are highly leveraged ETFs with daily resetting designed for short-term trading not long-term investing whether you're a bull or a bear you choose the direction for up-to-date pricing and performance go to Direction.com investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio they are not designed to track the underlying index or security for more than a day before investing carefully consider a funds investment objective, risk, charges and expenses contained in the prospectus available at Direction.com re-carefully distributor for side fund services LLC the reality is that navigating markets can be risky markets can be chaotic and difficult to understand having the latest market advice can help you turn this chaos into a key for creating winning trades at TFNN we understand that it can be hard to find reliable market news that's why each of our market experts offers their very own market newsletter a must-have tool for every trader striving to find an edge in today's markets TFNN newsletters cover every aspect of the markets so you can analyze the market before you trade try any of our great newsletters risk-free with our 30-day money-back guarantee just visit the newsletters tab on the front page of TFNN.com TFNN educating investors TFNN has launched 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 available to all Tigers and Tigris for just $1 for the year there's no catch or added costs when you join 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 welcome back folks we are with Tim Ord of the Ord Oracle before we went to the break we were talking about some potential bottoming patterns in the SPX it'll work on addiction Tim Ord are you still here? Fantastic so we're on chart 4 right now chart 4 basically if you look at the bottom window I put a bow and drabant on the bix and anytime you get above the upper bow and drabant or actually below the bow and drabant on a closing basis the market is going to reverse and that's what we had yesterday you can look over the prior right window you can see you're above the upper bow and drabant on the SPX ratio since it flips it upside down you're below it so what happens you got it down too fast I do a lot of stuff with the bix because it really gives a good indicator if it goes too fast one direction a lot of times it reverses so the other let's go to chart 5 and I do it some other ways too I measure the acceleration of the bix in like three different ways the top window is the bix the bottom window is the SPX or the SPY next window down is %B for the bix and the next window down below that is the rate of change of the bix and the bottom window is the RSI for the bix so what those three indicators do is measure the velocity of the bix so if it kind of just gradually goes up usually that's a death sign for the market if it just rockets up it's got up too fast too quick and it's going to reverse and I got circled the three indicators half circled they all reached, you only need two out of three but all three reached I guess bullish levels on yesterday's close so they all kind of the bix just went up too fast that kind of surprised me yesterday was down but it does, market does what it does but there's another indicator at a low here you know today so let's go down to it so there's multiple indicators essentially suggesting that we might be making a bottom at this level yeah we are making a bottom at this level so let's go down to the daily chart since really get down to the nitty gritty and the bottom window is just the five day arms that yesterday reached 1.2 the next window up is the VIX you can see a lot easier there where the VIX closed 5% of its trading range closed above the upper Bollinger ban yesterday and that's a sign and also if you look at the volume which is the next window up this is the volume of the SPY we broke below the previous low you see those blue circles on the SPY or the blue circles on the volume issue that was back on March 15th I have a circle in blue there and that was the last low we broke that low yesterday and I didn't do the exact calculations but you broke that previous low about 15% lighter volume if you break it on equal or greater volume that means the decline is going to keep going that would legitimate break to the downside if you break it on 10% or lighter volume that means the false break to the downside so we have a false break to the downside and so that means at some point we're going to reverse back upside again and today if you look at volume right now this charts several hours old but volume is going to come in at least 20% lighter than yesterday so the market really doesn't have energy to push below yesterday's low it's trying to do it but you need at least equal volume to the yesterday's low we're not going to be near it and when I made this chart the trend was 1.61 and right now we're at 1.43 and they blow above 1.2 is bullish so you're probably making a low if the market can't take out the previous low with volume which is yesterday's low it'll reverse take out the previous high which is yesterday's high so that'd be the minimum close above yesterday's high you also close above the March 15th previous low which is I hope I'm getting that too confusing here but the March 15th low you close above that low you get the previous high back at the look like about 524 up there so I hope that getting that too confusing here there's a lot of things too also if you look I got the Bollinger's ban on the SPY there if you see that and if you notice we closed below that Bollinger ban yesterday also which is another kind of exhaustion move to the downside so we're not going to go lower here we're making a bottom if we're going to go lower today's volume should be at least equal to yesterday's volume we're not even going to come close to that so I'd say expiration week which is this week's going to be an up week well we get back to the old highs I don't know if we have enough time to do that but at minimum we get back to yesterday's high that'd probably be the minimum so then from there we'll have to wait and see but I think we're making a worthwhile low here and usually April of all the months of the year November is the best month the second best month is April so we're seasonally wise we're actually a good month I think by the end of April we'll be back up to the old highs if not breaking to new highs so there's not the start of a big decline here there's enough exhaustion moves to the downside to suggest we're making minimum at a short term low it could be an intermittent term low it depends how the market responds over the next two weeks and that's judged by the the swag breath stress indicator if we get above .6 then I think we're going to have one heck of a good you know probably April May and June maybe even in July we'll have to wait and see so this is a regular kind of a consolidation or an uptrend is what this is all about well we get down to that gap around that 500 area according to what's going on now I don't think so so I have that gap there if you look left part of the chart on the SPYs there have a gap label there a lot of times gaps are get filled and maybe it will but it might be later this year so we'll have to wait and see but not all gaps get filled some people say yeah all gaps get filled they don't but volume today's volume is going to be light this is probably expiration week will be an up week so fantastic well then I think we have you know we have a little bit left in this segment in a short one afterwards but I see you have some stuff with gold which I personally am interested in see where you're looking at it of course I was thinking at the beginning of the show city group had increased its target at least in 2025 around 2800 so I'm curious to see what you kind of have looking at gold we got time to start covering it now we've got 20 seconds right now and then when we get back from the break we'll have about 3 minutes okay so what do we have the weekly gdx and then the other one right why don't we just start talking a little bit about 7 we can talk a little bit when the music begins as well so okay so we want to start now well I think the music is about to start right now so you stay right here and folks will be right back we'll talk a little bit about gold when we come back from the break luckily you don't have to worry about that as Tom O'Brien has brought all important market news to you in one single newsletter market insights market insights provides a daily overview of what's happening in the indexes, bonds, gold and more follow along with Tom daily as he analyzes the components that affect the 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TFNN educating investors TFNN.com to hit watch Tiger TV Welcome back folks this is Jacob Schup with Tim Orr before we went to the break starting to look at gold we have a short segment gold is currently trading at 2,406 I kind of want to see what you're looking at with it there Tim chart number seven the bottom window is the cumulative advanced decline on the weekly timeframe next window up is the cumulative advanced decline for GDX and needs to close above the mid-bolinger band and as of today this week is not over yet but as of today we're above that mid-bolinger band so if this actually gives a signal a lot of these signals last year or one and a half years sometimes even longer the last signal was generated was back in January 2021 that's pretty much stayed on a cell signal until right now so if the market can remain sideways or higher here this week that's bicycle will remain in force so let's see where we are right now on the daily part that's good chart eight and this just measures the bottom window is just the 18 day average the up-down volume next window higher is the 18 day average of the advanced decline so it's like three over three weeks of data so bicycles occur which is basically a blue area on the chart when both those indicators are above minus 10 as long as those two indicators see above minus 10 the uptrend is intact what I'm thinking is going on here is a five way count up so we're pretty much high we're up around plus 10 both of them in that vicinity so this is not even getting close to a cell signal but I think in the Elliott wave five patterns up we're in wave four right now on the GDX chart I got it marked so I think five wave is coming probably in the next several days so that's my view fantastic Tim thank you so much for joining us again you will be on Thursday as well with Tom and we're really looking forward to that so alright guys that was Tim Ord of the OrdOracle.com Ord-Oracle check it out thank you so much for joining me today we will have Tom on tomorrow which you definitely don't want to miss because we have a special guest and we have usual programming without the rest of the day thank you very much