 The Tom O'Brien show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. This is awesome. Come on, totally. We're going over to Paris. What's happening? Hey, Tom, it's Adam from Paris. How are you? I'm doing great out of myself. That's good. Long time no talk. I appreciate everything you've done for me and my family over the years. We appreciate your ground-run problem with us. Yes, sir. I've done the Gold Reports and all the softwares and all your books and generational thank you. Thank you so much. Appreciate it. Yes, sir. Now, Tom O'Brien. What is going on, Tigers? This is Jacob, filling in for Tom. I'll be with you tomorrow as well. So for the past week and a little bit of change, you've had all the major indices going down quite a bit here. Look on the weekly with the Dow futures, the S futures, NQs. I mean, you guys have been trading. You've seen what's going on with all this. Today we have Tim Ord coming on and he'll be discussing a little bit about the future outlook for the SPX. Let's take a look. We have the NQs down almost about 1%. The S of the futures down about 0.66. YM about the same as well. Our bonds are going down. The interest rate's going up on them. This is getting into a really strange zone where we have a high growth, high interest rate environment. We'll take a look at that too. The Atlanta Fed is suggesting there might be, or at least projecting, there might be a 6% GDP growth for the third quarter. Gold on its way down to that 1,900 level down about half a percent today. Silver up a little bit and then Copper as well. Copper's been doing somewhat decently, especially with concepts of an impending recession, although those seem to be easing a little bit, at least in the mind of larger-profile wealth managers. Qs obviously down. Spy Tesla down 2.2%. Meta down 2.28. Google up really about flat. Disney, this has been such a shame mainly because I was an investor in them, but they've gotten slaughtered with everything going on. I know DeSantis was asking for them to stop pushing back against his change on what they have. Basically, the special privileges that they possess for such a long time. He said they're not coming back. Furthermore, they closed the Star Wars overnight project that they had. It was very expensive. A lot of the times when you see some of these larger companies leaning out a little bit and they cut different features or experiences, the market tends to really like that. We see that with Meta as well. It seems like I was just talking about this in the office maybe last week. When they cut plans for the Metaverse, they're stock skyrocketed. They just cut something recently where they had some AI essentially with different medical compounds and they cut that as well. This is stock skyrocketed again because the idea is you're freeing up cash to do more things and for whatever reason, a lot of this might be political as well. Disney, even though they're cutting some of their expenditures, continue to go down a little bit. We'll see what goes out there. They're nearing that March 2020 low right around here. That's pretty significant as well. That's down from pre-COVID levels that they're trading at currently. We're looking at a copper bit. Southern copper has done quite well. Also, let's get out of the five year. Let me just take a look at this on a year to date. We're trading from the beginning of the year, we're at that 72 level right around here, dipped down on some pretty significant volume down to 64 and then we had some private equity groups buying copper and some other people as well. Remember, maybe a month ago when I was on the show, I was talking about the potential for copper to go up to prices like this or at least some certain companies as it's getting a little bit more difficult to find it and it's in greater demand as time goes on. Of course, we get a little bit of retest on the last year with volume here, but it seems like it might be. We'll see what happens today. Let's take a look on the daily. Yeah, we're sort of down on trading sideways on some volume. We'll see how Southern copper pans out, but it was an interesting buy and if you got in around that time about a month ago, not a bad purchase. Steel Dynamics. I've been watching this very closely. So what I want to look at was constantly testing these levels. These were the high volume levels. Obviously, it broke down a little bit and kind of traversed down to the 90 mark. They came right back again on high volume, rejecting this area here and just trading into this balance of 100 and 110. Usually when you have a stock that's testing these high volume kind of bottoms and it rejects it on low volume, that might be setting up for a movement down. We had some high volume on the up end here on the close. So we'll see if it really wants to test this 110. If we can break through with some decent volume, we might be kind of making a new little zone to be trading into. Hawaiian Electric. So this company supplies about 95% of power. Obviously, Hawaii, I think it's Maui, experienced some pretty catastrophic fires. This is traded down pretty significantly, right? They almost have, I mean, I want to say a monopoly, right? 95% supplying energy to Hawaii. There's been some talk, you know, do we buy at these levels? Is this oversold, right? There's some lawsuits coming out against them. I'm not sure how well that stands up in court. And I was trying to find other examples, you know, from California at least, were there any lawsuits taken out against electric companies for not doing enough during fires. I was not really able to find much data. What I did find is some of the larger electric companies in California, it took about 11 months for them to really reach the true bottom from, you know, the pre-fire kind of price. And so, you know, this is obviously an insane sell-off. Just today, you had a 23% decrease down from this massive gap. And what I would say to that, you know, is a new company going to come in and ever get a foothold when Hawaii Electric had 95% dominance? Probably not, right? However, I am a bit concerned at buying at this level. We still might see again, you know, in California, you had about 11 month period when the largest electric supplier reached its bottom. So, buying at this point, you know, you might be still purchasing a falling knife here. So, waiting for some time to see kind of how this shakes out, seeing if they're going to get any financial help from the mainland. It'll be interesting to see. But keep your eye on this because, you know, if the recovery efforts are effective and a bit quicker, and let's hope they are, right, this might see a pretty decent bounce back. I was talking with one of my people about Duke Energy. They have a pretty big monopoly around where I live, and they're raising their prices. Like, I'm paying an inordinate amount for energy in my apartment, and I'm not really there often. I just run the AC all day, and Duke released. It's just interesting to see how these guys kind of operate, right? And all electric companies do this. They released a statement, and if you call them, they'll say the same thing, that natural gas prices were so high the past two years, so therefore we have to adjust our rates. Which is an insane thing because, yeah, you had volatility for a short amount of time, but, you know, natural gas is at historic lows right now, and I mean, they burn the stuff off where they extract it. And I promise you that Duke Energy will not decrease their rates, and I'm sure other electric providers won't either. So, they might be worth a look, especially if you're in the South as more people move here, and it gets hotter. Folks, stay tuned. We have Tim Ord on next. $1,000, $1,000, $1,000 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. When you sign up for the Tiger Forex Report, you also gain instant access to Teddy's 60-minute webinar archive he just hosted, forex strategies, and fundamentals. What is behind the Tiger Forex Report? For all the details and to start your 30-day Tiger Forex Report subscription today, visit the front page of TFNN.com, TFNN Educating Investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a season trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. 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Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today, TFNN.com Educating Investors. Welcome back, folks. Tim is not with us yet. I think he'll be on the next segment. Let's take a look here what I was mentioning in the first segment. This is the Atlanta Fed projecting nearly 6% growth in a third quarter. On Tuesday, Atlanta Fed's GDP now estimate moved up to 5.8% from 5% a day prior after fresh data from the Census Bureau's showed housing starts increased 3.9% in June. 5.8% GDP growth number held. It marked the most robust period of economic growth since the fourth quarter of 2021. And it's super interesting. When you have these high-rate environments, the Treasury is going to have to pay, the government is going to have to pay the Fed's set rate. So this acts almost in some capacity or it could in the future as some kind of stimulus in some strange way to where now we're getting to a high interest rate and high growth environment. This upbeat print on the consumer came after recent jobs data showed the economy is still adding jobs while unemployment remains historically low and monthly wage growth has begun to outpace inflation, providing a potential boost for further consumer spending. Kind of on this point as well, this target for the 2% GDP growth, I always found it, to me, it seemed somewhat arbitrary. And I was really young when this happened, but when austerity was kind of in place in Europe, I mean, they had that same kind of growth target. And it was always curious why they chose 2%. And maybe a few meetings ago, someone finally asked Powell what it was. And if, you know, can we start looking at some of this growth is actually acceptable and anything above 2% not being, you know, needing to be managed, essentially. And the only response he gave was like, no, he's like, we're only going to shoot for 2% and that's it. And that'll never change. And it really, you know, you can't help but ask yourself, why is it just at the 2% is that the only thing that is at the most manageable level? I'm not sure. Regardless, we'll see kind of what happens with that. Definitely a kind of voodoo time for all of this here. Another thing in wireless carriers, and this is being driven by China a lot as well, but also in America, but wireless carriers are losing billions as smartphone demand slows and a lot of the carriers for so long made it kind of a bit more viable to get the newest phone or the newest whatever, every month. So anyways, we'll get back to that in a second. Guys, we have Tim Ord on Tim. Can you hear me? Yep, I sure can. How are you doing today? Good. Thanks for having me on. Yeah, absolutely. Thanks for joining us. Quite a trend reversal. It's going on at least in the markets. I'm really interested to see what you have to say about all of this and what your analysis is. Yeah, there's a couple of things that I think the first thing out of cover is that chart number six. I sent you. Yeah, let's take a look. Yeah, it's just kind of skipping over some stuff. But actually, I've been long here, I thought we'd find support around that 4445 area on the SPYs. I had some actually kind of a panic signals, but we actually fell through that. We're actually getting down to the early July lows. And if you notice, I circled in blue on the volume chart, what that low is tested, we're testing that low right now. Day's not over. But that low is around 80 million shares give or take. I don't know. Looks like about July 3 or 4 somewhere in that timeframe. And usually previous lows, previous highs are between which way you're going. It was in this particular case, since we're going down, the previous lows are support and depends how you test the previous lows. If you test them on at least 10% lighter volume, that test is going to find support. But if you get pretty much equal volume or higher than the previous low, then a lot of times the market still can bounce and normally he'll break through those lows. Because volume is kind of like it's energy really, the more volume you got, the more energy it is. So as we're putting this update on, we're testing that low right now. So it will hold, I don't know, this is oxygen expiration week, which normally has a bullish bias. And in this week, obviously, if not, it's been pretty much straight down all, you know, last, last three days, counting today will be a third day down. So if volume does come in, say around 72 million shares today, or 73, we're probably fine, we'll probably see a bounce. But once you pass below some previous highs, we have some previous highs up around that 445 area. And you pass through those highs and now you're testing those kind of previous lows. So some sort of a worthwhile top is in. And I thought at one point, we might go down to 442, which is about another 5 to 7% lower over the next several weeks. And it's chart starting to kind of look like that. Because even though we did get panic in it, we're not bouncing. And so what that tells me we're going to need more panic before a bounce does occur. So so yeah, I mean, if it blows past this level here from, you know, July 4 or 5. I mean, we have quite a bit more ways to go down, right? Until we see a bounce. How are you looking at that? Well, actually, depends on today, right, you know, since we're testing those previous lows, if volume comes in, say 72 million shares that sanity, we're probably going to bounce first. Okay, up to around 4400 or 444 on the SPYs. And you can't create a right shoulder, probably up ahead and shoulders. Top pattern is what I'm thinking could be forming here. It depends, you know, what how the clothes goes look like right now, you know, then look like it's going to be much of a bounce. And the volume is kind of ticking away here, we're close to, you know, 60 million shares already. So volume to me is at this stage, even though we got about a little over a half hour to go. Probably volume is going to be higher. So I'll have to get out of my long position kind of regroup and figure out, you know, my next signal if the market does bounce, do I go short? Or if it's unclear, just stay on the sidelines until it does become clear. So it's kind of August, if you have if you're five, if you're five months up in a row, normally the six months down. So we're five months up going into this month. So this month is going to be a down month. How big of a down month? I don't know. But if expiration week bounces, which doesn't appear will be normally the week after is down pretty big. Now, since this week is not even bouncing, I don't know what next week could be. So we'll kind of have to wait and see. But in a bigger skin scheme of things, I think this is not a major high. This is a correction or an uptrend. Okay, so this is not like the end of the world here. Right. But some sort of a pretty decent low at much lower levels than we are right now, probably back down to 442 on the SPYs, I think, or where the market could go before this bottom is found, that could happen later this month or even in September. So we'll have to kind of kind of wait and see. But we'll probably do for a balance, but it's, it'll be a bounce in the downtrend. So we can go on a couple of the charts and absolutely look at some still fascinating stuff. And then Tim, we're about to go to break, but stay with us through it. Because, you know, anytime you come on, you have you have great information. I'm interested to see what you have stored for us in the other charts. All right. Right. Sounds good. Okay, folks, we'll be right back with Tim or stay tuned. The gold report. As a 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. 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Don't forget you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Welcome back folks. This is Jacob. We are with Tim Ord. Tim, what are we looking at here on chart one? This is the equity put call ratio index. Yeah, this is the bottom window is the five-day average of the equity put call ratio readings and so it's a five-day average not a single day and yesterday we closed at 1.03 which is pretty high everybody really jumped on the puts yesterday. On the five-day if you get around 0.8 which we closed yesterday there this chart goes back to about mid 2014 and I with red lines I notified those times every time that ratio book call ratio got down to a 0.8 or higher and so we hit it yesterday and so even though we're down a bit today we're probably getting close to some sort of a low Lisa sideways consolation. I don't think there's clients over on the SMPs but I think it's probably due for a bounce in here. It takes some of this put players off market you know you get too many people on one side of the market you know everybody buying puts usually of course yeah right and so that's kind of what's going on here especially this indicator actually has quite a bit of importance during option expiration week. There's kind of high fliers you know there's a lot of gunslingers I guess you might say kind of lean on on the puts or the calls during expiration week and and this is one of them they're kind of leaning on right now so I wouldn't be surprised if tomorrow will be an update we'll have to wait and see but this area is starting to look like at least a short term bounce a lease of consolidation that may last a week or so but in that long term it's let's flip to chart number two so the equity book call ratio readings are it's kind of a similar indicator kind of tells you where you are and chart number two Marty's wag come up with this he's passed away but he come up with a lot of type of different indicators he was really a master trader back in his day and the bottom window is a 10-day average of advanced issues divided by total issues and uh his indicator when he got below 0.4 and rallied to 0.6 which is the bottom window that's what the indicators but does it within 10 days is the sign of strength and that's what you want to see coming off of a major low you got to have a lot of weakness going into a bottom and right after the bottom you got to have a sign of strength and i didn't circle those time of strength in there but there's a couple of men there that's what kept me bullish all the way into the top back in july i got out in july and uh but now now we're back down to 0.4 the yesterday's reading was was 0.37 uh which was the day before readings and and yesterday's reading was 0.4 so we're writing that vicinity that the market's pretty oversold right and you put that with the five-day average of the equity book call ratio readings you know you you're you got two many people on one side of the fence here right and so uh and you're also running into the lows of uh of early july so one be surprised you get some sort of bounce you know into next week and from there i don't then from there i i think we could possibly relieve some of the the negativity here and the market could possibly resume down again though um but yes there's a couple of different endcures i'm looking at and i do have another ender i sent you chart number three yes and uh this is what i kind of do i thought was going to that the shaded tan areas are gaps open gaps and i thought we'd find support of that gap area uh the one from the uh mid july i have where i have open gap where we filled it and i thought we'd find that and the reason why we had quite a bit of panic panics you know you got the form of bottom you have to have panic and there's a bunch of different reasons or a bunch of different indicators to identify panic and i use the ticks and trend usually you get a trend reading above 1.25 and down to green below minus 200 same day majority of the time you're going into a panic of some sort especially if you get to them in a row we actually got three over about a five-day period here right and it didn't seem to stop the market which kind of surprised me a little bit so and that's the reason why i kind of was along here because i think panic and the ticks and trend and going into option expiration week to me it looked like the expiration week would be an up week and i'd go for the rally then and look to get short again well i'm stuck along here so i got to figure out if we are going to start bouncing right here or not but um normally those ticks and trend readings when you do get a bullish combination of that you're you're within a day of a or you usually happen the same days or readings to as late as two days later well we'll pass two days later on all three of them so at the moment they're pushing up the 10-day average of the trend to bullish levels but we're not there yet we're only 1.12 on the 10-day it needs to be up to around 1.2 or higher so it's getting there it's kind of one of the reasons why i don't think this is going to be a big decline of any consequences it's going to be a decent pullback but it's not going to be at 10 percent or down or 15 percent or down probably you know six or seven percent from the highs which is decent but um um but but not you know in the world scenario pardon i said but not like an you know end of the world scenario with it no it's not it matter of fact when you start hearing air and you know a scenario of the world on the radio and stuff like that chances are you're looking at a major bottom right so right right because it is all mostly indicators will be pushed to extreme and and we're not there we're kind of you know from what i'm hearing on the stuff i'm hearing they're kind of just almost ignoring the market right now like no big deal sure but once it gets back in the news you're you'll probably starting to see where a bottom is starting to form sure so um but anyhow it's kind of a declining mark you know corrections in an uptrend it really is kind of hard because indicators get kind of fluffy they you know when you're doing your body indicators start failing and uh you know you're you're in a at least a sideways market down market and because of these you know trend and tick readings over the last couple of weeks started to fail here we're no we're not making a bottom what that tells me these 10 and trick readings would get a lot higher over the next probably several weeks where a bottom may come in say getting 1.2 on the trend and an uptrend that's where a bottom forms you know we may reach two maybe two and a half even three on the trend before the next lower form that's probably what's coming at us you know see down to green instead two or three or maybe four hundred on the close you may see minus five six seven eight hundred on the close so that's probably what's in front of us so the micro is kind of probably blow out pretty big and that'll be the time uh to really look for a major low and that's same what happened um you know I think it was last year um or was it 2020-22 yeah the trend and ticks were just totally blowing out and I was buying all that low that was and I got pretty close to the low but uh you know I was a single guy out there sure it seemed like taking the orders because nobody else was buying right right Tim uh we have another break but if uh you want to would love if you could stay for the next one you can go through the rest of the charts here uh really fascinating stuff you're talking about awesome okay we'll do awesome folks stay tuned uh we're gonna wrap up here with Tim Ord on the next segment really fascinating stuff you're just tuning in um but stay right there and we'll be 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 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signing up tfnn.com educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC 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 the tiger's den available to all tigers and tiger's for just one dollar 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 ntsx under the symbol vgz welcome back folks this is jacob we are with tim ord tim are you there yep i'm here wonderful wonderful all right let's crack into uh we can keep going chart three or chart four or five yeah uh go to chart four wonderful okay yeah right on all right so the bottom window is the uh 50 day average of uh up down volume percent for the gdx and every time it's got down below minus 20 the chart goes back to 2011 or 2000 uh 2011 every time it got down below minus 20 the market flipped sideways and it and even though the market kind of went up and down up and down um the sideways pattern sometimes lasted several weeks even a couple cases several months what what i really want to point out on here every time it went down below minus 20 it always went back above zero at some point right over that you know next uh couple of months or something like that or whatever so it never went minus 20 uh and went back down uh minus 20 again always went from minus 20 flip sideways and hopefully went above zero right so at some point we're going to and and this has happened one two uh seven times uh yeah five no eight times or seven times seven previous times and all seven previous times it went above close above zero and when it closes above zero that's when the uptrend starts on gdx so at some point an uptrend is going to start on a close above zero on gdx you know right now uh that indicator is minus seven so it's been minus seven in that range probably for the last couple three weeks and and gdx has kind of gone sideways to down uh in that time frame so it's actually it's making lower lows but this indicator is making much higher lows even though when minus 20 was hit back in mid june uh gdx a little bit lower but this indicator is showing a positive divergence it's went from minus 20 to minus seven but to say that the impulse wave of gdx starts is when this indicator closes above zero so and we know it's coming we just don't know when can it set here another week or two and and decay a little bit more on gdx possibly but once it does give by zero usually those those are all the shaded blue areas yes uh sometimes it the last just a couple weeks sometimes they last several months so i don't how long this one will last but uh you know the the rally is still in front of us but it hasn't started yet until we get above zero and we can look at a shorter term chart on chart number five we have it right here see what i said we have it right here okay okay chart number five and this okay the bottom window is the actually it's advanced decline percent but it's an 18 day average and next higher window is the up-down volume with an 18 day average and what i'm trying to show here um the first uh box i have a outlined in red back in uh may of the red march of this year yeah and what i wanted to show is both those indicators at the bottom two indicators they made higher lows as gdx made lower lows and be going to the top so the red area is when both indicators are below minus 10 the blue areas when it's above minus 10 so when both indicators are above minus 10 the markets in an uptrend so anyhow you rallied out of the may low had a positive divergence turned blue went up to the highs and and um can't see what date that is it's for the may high or the april highs uh indicator gdx made higher highs and both indicators made lower highs then closed below minus 10 and yet a downtrend and got back in here um early july gave a buy and kind of actually gave a sell here on uh first part of uh august and is and it's still on itself they won't because both those indicators are below minus 10 right so both those indicators even though we got a positive divergence gdx is making lower lows both those indicators are making higher lows but you need to close on both these indicators above minus 10 which will signal be poor the 50 day average because this is only an 18 day average and i'll probably give you a heads up that the rally is starting but we need to close above minus 10 on both those indicators so when will that happen don't know um so just whenever it starts to turn up uh could be another few days could be another actually you know maybe a couple of weeks or so don't know it usually september october is sees now a wise is a bully for golden gold stocks and so we're not really a long ways from that you know a couple of weeks or so and we'll be there so it could be first part of september don't know but as long as both those indicators remain above minus 10 the uptrend should continue so how long those two indicators will be above to i don't know uh it could be a couple of months could be a couple of weeks it depends on on um what gdx wants to do so this is a little bit different i've kind of figured out these types of indicators i don't know about a couple of years ago and i've kind of been honing in on them working on them and they really work well but they give decent buy and sell signals but right now uh they're the 50 day average and the 18 day averages of these indicators at the moment are still on sell signals but they're giving positive divergence so do you see any you know china's having some issues with you know their economy and that area of asia is a is a massive consumer of gold worldwide even just like you know on it on a simple you know citizen basis right with the issues that they're having their economy and kind of decrease spending that you're they're seeing over there do you see a longer term kind of you know maybe price down trend with gold because of that's or what do you have any thoughts regarding that well exactly far as gold i i think it's actually it's still going to keep going up um and gold's way outperformed uh the gold stocks if you look at the xcu the gold ratio you know the gold ratio has been hovering around this range for a low range for a number of years and you know for some reason people are not coming back they're coming into gold but they're not coming back into the gold stock so and gold stocks is always mystical um they run up and they run back down and um i don't know how to you know what china's got to do with it right now but there doesn't seem to be a other than a trade that may last two three four months in the gold stocks you know the uptrend on on a bigger time frame i don't think i started yet and i don't know when um where we had a big rally you know in 2000 all the way in 2011 gold stock went through the roof a lot of stocks were in that penny stocks that turned into you know 20 30 dollar stocks right i think at some point that's going to happen again and we may be in the process of building that base where that base may start i can't say when when that will happen but i think it's still in front of wonderful well tim thank you so much for joining us today that was uh that whole thing was great and folks we'll have these charts in the den if you're not in there yet you should get in it uh tim thank you so much for joining us today all right thank you for having me okay take care now folks stay tuned we're about to wrap up the show in this next short segment and we'll be right back are you ready to take your trading to the next level introducing tom o bryan's award-winning newsletter market insights your key to successful active trading tom o bryan renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades tom publishes his daily market insights newsletter every market day before the market open along with 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he's always taught me so much especially as i'm you know a younger guy and really starting to wrap my head around much more trading and kind of all the dynamics in the market all right when i take a look at toll we had a bad day today obviously with it but i want to pull through this article here essentially the home builders are doing quite well with all things considered you take a look at this home builders rise this bottom line here this chart is the s and p 500 index and this is really how these other home builders are really just outperforming it in a major way quite a bit about three quarters of us homeowners have mortgages charging less than four percent interest new loans last week averaged seven six uh excuse me seven point 16% matching levels last seen in 2001 and this is the quote here bottom line supply is short and demand is returning to affordable offerings and builders will need to produce more homes to fill the void you can see here this immense run up in uh in home prices starting from 2020 again this is this kind of post uh pandemic era or you know in the midst of it as well you'd see really from toll starting at about you know what 54 bucks at this 55 line a little bit below in the beginning of the year going all the way up reaching a high of 83 72 of course we had a down day today but um we'll see how that shakes out on the long end that's on you know not significant volume uh by any means whatsoever all right um you know i love doing some science stuff i say that every time this one's interesting and perhaps one of the more uh most italian studies i've ever seen is uh eating their pizza and again that's has to do with you know non-poly uh unsaturated fatty acids but pizza consumption can actually improve diseases like rheumatoid arthritis this probably has to do with um high quality cheese and eating olive oil i will link that uh what a wonderful study folks thank you so much for joining me i will be back with you tomorrow and tom will be back monday