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Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Let's go to Andy in Boulder, Colorado. Hey, Andy, what's going on, brother? How much are you doing? I'm great, man, yourself? Pretty good. Hey, congratulations on the grand AP. Yes, thank you. I know. Tommy just sent me a picture. I mean, it's gorgeous out right now. He just was taking off for his first walk in Suarez. All right. He's prowling and prowling already. Now, Tom O'Brien. Folks, this is Tom O'Brien of TFNN. We've got five days a week. We've got 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. Whatever you focus on grows. Hope everyone's having a great day, safe day. Let's make a great night, folks. Might-wise, let's take a look at it out here. We have the Dow Industries trading at 673. NASDAQ is up 157. SAP is up 78. Gold contract down $16 trading 1768 an ounce. We have Silver Flat, $22.29 an ounce. Light Sweet Crude up about a half. $67.11 a barrel, notes and bonds. The 10-year note. Down 9 ticks trading 131.11. The 30-year flat at 163.31 and $Kingdala. $Kingdala is up 107 ticks trading out at 96.135. Euro is 113. The yen is 113.16 and the British pound is trading at 132 to 1 US dollar. Our phone number is 877-927-6648. Give us a call, folks. I know 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? You get volatility in spades. We were talking about yesterday that you're going to see the S&Ps up down all around 20 points in about a heartbeat. Bottom line, what you're doing out here today, if we bring up the spy. First, we'll bring up the spy. We'll take a look at the type of counter-trend bounce that you're getting here. We get the spy up $7.70. Bottom line, you get the contraction of volume happening. You can see how this thing shakes out. The bottom line, the high in the spy is out here $473. Down yesterday, you got down to a price point of $450. You did volume yesterday of $132 million. You're going up an $85. Bottom line, this can get right. This can hit the highs, but more than likely, I suspect what it's going to do is hit the lows of the highs, and we get this consolidation happening out here. That's the way it looks to me. We take a look at the NDX100, the three cues. You get the same type of setup. What's interesting here is that the three cues are getting a little bit weaker than the S&P, and the cues are always the strongest. What we have with the cues right now is that you got to lower price out here today, and you're actually rejecting lower price. This being a Thursday? Yes, it's being a Thursday. I suspect it'll go up a bit tomorrow. Volume will contract tomorrow. Bottom line, this is setting up for a test of the highs. Backing down, I expect that's exactly what's going to happen. What is pretty amazing out here today is this. If you take a look at Apple, Apple came out with a warning. They're telling everyone they're not selling as many phones, and Apple still didn't sell off. We went down to 157 and rejected 157. I suspect it'll finally smarten up, but the bottom line right now is rejecting lower price. We go to the gold contract. We take a look at the gold contract. Gold contract traded down to 1762. You're trading 1768 right now. You had 160,000 contracts. Now, you get big contract volume contracting inside the gold report. That's what this baby is doing right now. We only get 160,000 contracts. Friday, you went south with 243,000. That's what we need. You're coming against a lower swing. The lower swing is 1761. In this contract, we hit 1762. Let's go over to the good old King dollar. We take a look at King dollar. We have a King dollar is this. You're up 100 bucks, 100 points, rather. It looks like it's going to try to get a little bit higher again. Bottom line is still hanging at highs. We hit the 96,938. 97 was where the swing was. Bottom line is up 111 points right now. Let's go look at the small caps. We take a look at the small caps also. IWM is trading up $5.70. Let's see what we have here. Come on, baby. You're on vacation. You're going to start working. IWM, come on, baby. Get up here. Here we go. We take a look at the IWM. The IWM could be a huge ABC structure down there. The first leg is pretty big. The IWM was 244, the high 213. We'll see where that baby is going to shake up. Let's go to John and Philly. John, what's going on, brother? The good times you're having. We did. We just came in from fishing about an hour ago. We went out there all day. We didn't do bad. We caught enough for supper. That way, which is fabulous. Totally. I just wanted to give a quick call into regarding the E-mini S&P futures, the ESE-1. Talking about long ago, on the TFNN website, you had what you called the Confluence Calculator. Let me just share with you the numbers I plug in to that calculator that I keep on my own. The two highs for the S&P futures are 4740 and they're 4650 just yesterday. The lowest 4500. The Confluence range is 4591 to 4592, a one-point spread. I've never seen Confluence that many. That's nice. Just an hour ago, Tom was 4590. I just share that with you. I'll take whatever comment you'd like to make off-air, but getting within one point of one-point Confluence range, I can't help but think that might mean something. No, it does. And I'll listen off-air. Okay, man. Have a great one, John. Have a safe one. So, folks, what happens with Confluence is this. Now, this is really cool for a couple different reasons. Understanding what Confluence is first, okay? So, you're taking a .382 and a .618 of two different levels. What Zee just did here, what John just did, he took it off the high, which is how he's supposed to do it, 4740, then he took it off the high of yesterday, okay? So, the kicker here, folks, is this. This is what's really cool about this. As John just said, there's a one-point differential and that's basically hidden resistance on the way back up and it gave it up. And what we've found is that when you have high volatility markets, the Benachi is much more consistent. Stay right there, folks, we'll come right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN Educating Investors 2,500-plus global financial markets such as stocks, ETFs, commodities, futures and forex. This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen. For a limited time, you can save $100 off your first month by using the promo code UPGRADE and you still get a 30-day money-back guarantee so you have nothing to risk. Level the playing field with the TAS Profile Scanner which you can find under the Services tab at TFNN.com. Sign up today. 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. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Let's go back to the S&P again for a second. You can see exactly what John and I were talking about, folks. The kicker inside of Fibonacci also, folks, is this. What I've found over the last 20, 25 years, let's say 20 years because I've really been using quite a bit in 20 years, is that when you have a fast market, the Fibonacci numbers seem to basically hit more consistently. You're definitely going to want to wrap your head around confluence and confluence is very easy. All's you're really doing, in fact, here, watch this. I'm going to do confluence on a larger, because you have it both ways now. You can do confluence on the way down and on the way up. When John was just doing it, that number was 45.91 The bottom line is that the market folks went to 45.90 and gave it up in spades in about two seconds. If you're just watching Tiger TV, I'm going to show you here. I'm going to just take one just so you can see how this works. I'm going to take one from the bottom. I'm just going to take the number from the bottom. It's going to be a little harder to see. See the .38250? I'm going to take the second one here and see where it comes in, because it works both ways, meaning that you can have confluence on the way back, on the way up, on the way down, and then you also have confluence with support on the way down also. You have to make kind of the deal yourself. Are we in a correction? Are we going to go into consolidation or any of the all of you above? Picture this when I just did this here. You can see the .382. This is interesting. Look at this. I know it's a little bit harder to see because I've got two different ones, but between the .50 and the .618, down here, this is broken, man. This is saying that this thing wants lower price, man. When we look at this, point that .618 here, let me do this. I'm going to just take it apart again. We take it apart. Now I'm just going to do from the tops to the bottom, because what does happen is this, is that when you break a .382, it likes to go to a .50. You break a .50, it likes to go to a .618. Now look at how sick this is. From the last, this is crazy actually, from the last leg down, from the last leg up, rather, from October 1st, you see what it did? It did a 50% retracement of that move. Now here's where the problem comes if you happen to be really bullish to market, because this is a bare setup right now. And what it is, is this. So Petri, you do the first leg down. And if this is an ABC structure, you'll go up a little bit higher. We'll have a contraction of volume tomorrow, and then your A point on this is going to be the very high, which is the .4740. Your B point is the low of yesterday, which is, let's call it .4500. Well, that's 240 S&P points. To be exact, it's going to be 243 S&P points. So then let's say that you bounce up to somewhere about, let's say, .4649. Well, that is saying that, guess what? 240, that's saying you're going to be down to .4400. And the last low is .4497. That's saying that I get an ABC structure down into that. You have a potential ABC structure down into those levels. So food for thought. There's going to be a lot of trade and a lot of volatility. And once volatility comes in, if you've been listening to the Larry Pezzamento show, you know what, when volatility comes in, folks, it just doesn't disappear. It comes in, it comes in for a couple months. And once you get used to it, you'll actually be sad when it goes away, because what ends up happening is that, that whole saying I get, and thank God there's always another trade, what happens, that's in a volatile market. What ends up happening is that you might think that, oh my God, I got to wait for a trade. Well, you don't have to wait too long in a volatile market. That's the real bottom line. That's how this baby shakes out. Some of the high volume equities that we got out here, this is how we're shaking it out. You get apples down to $1.24. You get advanced micro up to $2.10. Bank of America's up $1.31. Delta's up $2.80. I'll get Uber up to $2.11. Let's go over to the note and bond market. We take a look at the note and bond market out here. What we have in the note and bond market, it's trading $1.30, $1.11 right now. This market doesn't want to back off. That's the real bottom line. That's note and bond market. You can see yesterday, yesterday, as soon as there's a little problem, the bottom line is that they go into notes and bonds as fast as they can. You're going to see this is getting into a swing point. The swing we're getting into is the $1.30, $1.30, and more than likely this 10-year, it looks at me like $1.34 is going to be gained. Let me just pull this up. We're on the March contract. We take a look at the March contract. This thing wants higher price. The March contract will be $1.30, $1.21 right now. You break $1.30, $1.30, $1.21. You break $1.30, $1.05, and you are off to the races. The 10-year right now is yielding out here at $1.44. That's how we yield them. Let's go take a look at Microsoft since Nadella sold half his position in Microsoft, which is just pretty amazing, actually. Microsoft is just going sideways out here today. You get light volume. You're going sideways. No big sellers in Microsoft out here today. We go to Amazon. We're coming up to the holidays. Amazon's down $18. We are trading with light volume. This is a decent setup, man. This is still in consolidation. When you're going south, the bottom line is that you want to see light volume. That's how this baby is shaking out. What Amazon did do, it went up to the top of the consolidation, couldn't handle it at the high, and I suspect you're going to be right back down to the bottom of the consolidation in Amazon. Look at how long the Amazon has been consolidating. The Amazon has been consolidating since July of 2020. Yes, that is a long time to consolidate. The GDX, let's get into the GDX. Take a look at these gold miners out here. The GDX had Newmont as well as Barrack. They're basically keeping this baby down. That being said, what do you have? You have 21 million shares out here today. That's a good contraction of volume. You're going into 34 million. So we hit a low of 30.09... No, 30.09? Yes, right, 30.09. So the high of the low is 29.41. This might be it. This might be it. It's going to be close call, man. And the yen, let's go over to the yen. The yen a couple of days ago, man, that thing got absolutely so strong. That's why you saw gold go so fast. The yen can't get out of its way. This is good for the gold market. Last week we had the yen go from 115 to 113. That's a monster move. It's hanging out at 113 right now. We'll see whether it's building cause for lower price. If that's what we get, you're going to get some real action. News-wise out here today, this is going to be really intriguing to see how this shakes out because you get Secretary Yelling say that it's up to the Federal Reserve to do a job to avert any wage price spiral. The wage price spiral folks has been in place now already for a good three to four months. Bottom line is that we're in it. So these politicians crack me up to avert it. We are in the spiral right now. Not trying to get out of it. Stay right there while folks are coming right back. Our phone number is 877-927-6648. That shows up 660. Now it's like up 133. SAP is up 71. Stay right there folks. Come right back. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex predator in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. 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Tfnn also features trading services with a 30-day money back guarantee for new subscribers as well as tfnn's Tiger Den trading room, trading software and educational webinars for all trading levels and make sure you check out Tiger TV for free on tfnn.com or tfnn's YouTube channel for live financial content from 8.30am to 4pm eastern on market days. Stop watching on the sidelines until other people get rich and become the investor you were born to be. tfnn Educating Investors tfnn is excited about our new software charting program The Art of Timing the Trade Charts 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 will expand thousands of stocks for Fibonacci formation setups including guardleafs, 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 going to love this new charting software 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 Industries up to 664 and Aztec up 128 SAP is up 71 and bottom line is that we go over here, so check this out we were just talking about the spiral inflation and you got ExxonMobil, they are going to be giving their employees raises but check it out let's see what they have to say it's below the inflation pay raises in early 22, let's see ExxonMobil is going to award the US employees below inflation pay raises in early 22 despite a strong rebound the oil giant is going to increase salaries by an average of 3.6% for those employees who perform with merit according to the company the highest average increases will be awarded to employees working in the so-called upstream division that drills for oil and natural gas, the document said but all pay decisions will depend on individual performers they are dreaming folks the bottom line is that you get inflation running at 6% they are going to give them a 3% look at this for a second, Exxom this is where it gets the fight between the employees and the corporations as to where it gets divvied up on making the bread, so check this out, this is pretty amazing actually, so Exxon takes in, this year they are going to take in $282 billion that's for the B they take in $73 billion and they think they are going to get away with raising their employees 3% when inflation is running 6% you'll see this get revised because the bottom line is that they won't get the people they need you can see in that statement what they were saying is that the people that are actually drilling are going to get more and I suspect they are going to because the bottom line is that if you are out there and you know that there is plenty of jobs and they are looking for people why are you going to take a 3% raise if everything is going up by 10% I mean 6.8% that's just normal XAU and the HUI let's go take a look at it out here because we have no doubt I don't want currencies in the XAU I want indices okay so XAU first that's down 53 cents okay so this is a nice rejection of lower price today now we don't have the volume today I'll have the volume at like 8 o'clock tonight that's how this works in the XAU and the HUI but this very well could be a nice setup because we got the rejection of lower price at $123 or $125.43 and you are coming into the strength off the last bottom that we came off so that's what you are going to be looking for we are going to absolutely be looking for that we get this thing out of here there's no doubt that it's stalling once again you got the gold bugs index the HUI that's the same thing man this is good now what's going to be interesting about the gold bugs index is that you broke the swing let me see how much volume was on that swing last time so the swing had $21 million we came down yesterday with $26 so this is good because what's going to happen here watch this we'll bring up engaging volume folks in the gold market the way that you can do this is bring up the Newmont quickly and bring up Barrick quickly so you're going to compare a Newmont's case it's almost the same yesterday we down $7 million $7.1 where it's $6.6 $127 today but that's still a lot of volume there's no doubt and then you got to look at Barrick Barrick gold right now come baby okay so Barrick's got the same amount of shares too there's still a lot of shared volume man Barrick did $20 million yesterday doing $20 million today it's a lot of shared volume you're going into $26 at $1805 oh interesting okay so in Barrick's case the low of September was $17.46 and the high was $1801 we came to $17.94 today you got a rejection of lower price and you are going to have lighter volume by about $6 million shares that's pretty good let me go back to Newmont and see if we're doing the same thing here it's pretty cool folks how you can take what has happened right now and that this is unusual because normally Barrick before Rango was involved the Barrick wasn't that strong when Rango first you know they bought Rango Barrick was strong now normally it's weaker again bottom line you know we'll see where they can get off this low but the last swing low what is the price $5303 no we broke it yeah 5.9 million yeah you broke it in Barrick's case we broke it with volume and you're above it right now but that's still dangerous man let's go to Royal Gold see what we're doing at Royal so if these streamers can get going so let's get a little bit out here today that rejected lower price that's good that rejected lower price at 96 it's at 99 now let's what I'm looking for now is this is that we are looking for fidelity coming in buying any of these goals because once they come in it changes the dynamic like so quick it's pretty amazing I know that sounds insane but it does wellington so right down here oh that's not good look at that wellingtons is zero now so wellington state street fidelity oh this fidelity right there they sold 96 they got a half million shares left of wrangle I mean Royal Gold I want to go back to we know that they owned a huge amount of Barrick because what ended up happening an owner of not only Barrick before Barrick bought wrangled but they were wrangles biggest owner and you can see right now right there well thank god they haven't sold for a while they still they own 51 million shares they can see that on the last filing the September filing they sold 8.1 million shares capital group their buyers this is good see this capital group up here that is a big mutual fund they're they're huge they and they love some of these you know it's amazing folks I actually did a workshop not a workshop I did a show live from capital group headquarters it's in California and it's so amazing because what they have they have a library that is absolutely phenomenal because that company's been around so long the library is insane they put me in the library to do the workshop I was out there doing a I mean to do the radio show I was doing a workshop this has got that long oh my god for one of our advertisers it was forget the actual name of the it was a software they're out of Sarasota but we were out in Orange County and they had another office out in Orange County pretty wild let's go take a look at the silver market out here so silver IH let's go take a look at so you get much silver we're actually up four cents we'll see there's not much action there we're at the lower end of both of these you know ranges and silver came down yesterday well in two weeks we came down from 2554 to 2238 that's quite a move man there's no doubt about that NVIDIA let's go take a look this is no doubt one of the monsters out there and right now let's go on for the highs once again there it is folks come right back optional number is 877-927-6648 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 whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at tfnn.com that's 727-329-8322 call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for valued tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at tfnn.com for only $37.50 sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk free today with our 30 day money back guarantee tfnn 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 Direction's daily S&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 principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC toll free at 1-877-927-6648 internationally at 727-873-7618 I'm O'Brien run him up baby, run him into the close folks it's a beautiful thing we got the Dow industrial right now 732 that's except 187 S&Ps are up 85 you know we technically we're talking the Nvidia you're going to have the Justice Department they're going after Nvidia and trying to block the sale of arm the chip designer arm so that might as well be toast us into trust officials sued to block Nvidia's proposed $40 billion takeover of arms saying the deal would harm competition in the semiconductor market yeah I mean the bottom line is that the thing that they had they had to get that done quicker because what you had out there no doubt is that we know that's all we've been reading about is the semiconductor market is not enough chips is not enough chips period okay we know we don't have enough companies I can see how they can go after that in about two seconds flat there's no doubt about that let's go inside the Dow industrials and take a look at the Dow first I'm going to bring up the chart of the Dow because the Dow no doubt yeah these like sound like big numbers folks okay the headlines out here tonight so picture what the headlines are going to be the headlines tonight I've always seen them on Blueberg it's like the biggest day of the year or something okay and what blows my mind is that this is like what always happens on downdrafts it's like okay so the Dow has just come down from a price point of let's say of $6,500 we hit a low yesterday of $34,000 but now all of a sudden it's going to be the biggest day in the year because we're up to 723 points yeah you get the gist of it folks okay let's see what we're going to have it's going to be a move on light volume I suspect so even the Nasdaq that's interesting the Nasdaq right now is $4.6 billion yesterday so that'll do about five so that's running ahead with light volume and the Nasdaq composite well look at this the composite yeah so the composite right now is running $716 million versus $1.2 billion yesterday versus $2.1 billion on Monday Monday no Monday on Tuesday last Friday we did $810 million $2.5 so you can say that that did $1.4 billion for the day Monday $1 billion Tuesday $2.1 this is a bounce on light volume and I suspect as I said a little bit earlier because it's a Friday you can run it up to Friday window dressing is going to be over we come back to work it's a third, fourth, fifth we come back to work the sixth bottom line we'll see whether Santa Claus has any coal and is stocking or whether they can keep this thing up to the end of the year what you're going to have here is the some uncertainty as to the aspect of what the tax deal is going to be next year and then even if nothing happens the bottom line is that folks at the end of the year like to move things around anyway so we'll see exactly where they're going to move this year so if we go into the Dow and we take a look at the strength versus the weakness out here okay so the strength today there we go Boeing looks like it's going to be the leader so Boeing's putting 90 positive points Goldman Sachs 77 sales foot 64 taken away from there's only a few you got Wal-Mart minus 7, Apple minus 6 Johnson Johnson minus 5 is pretty wild I can tell you that meaning that they say they're going to sell less iPhones so they had already reduced their iPhones folks at the holiday period by 10 million they reduced them by 10 million they didn't put a number on this today but they telling their supplies hey man slow down we're not selling as many as we thought we were going to sell so this is the second time that they're reducing the supply number we're going to take a look at the NDX100 the strength versus the weakness inside the NDX100 you get okay a TA that's up 12% it's a big number Marriott's up 6.6 you got Peloton up 6 we got Charter Communications up for 6 taken away from it Pendouardu down 4.5% you get Nettys off for both of those are Chinese stocks and what's happening it looks that the SEC is getting closer let's see what they're saying to the D list in Chinese stocks period so this is going to get interesting to see how this whole thing shakes out particularly if in fact you're already out there Covid the New York hospitals Jeff out there there's no doubt there's this man I guess there's problems man because New York State has 11,300 new Covid cases that's the most since last January hospitalizations climbed more than a thousand a month reaching 33 that 3900 3093 on Wednesday 56 hospitals in the state of New York has a bed capacity of less than 10% less that's a problem man now this is not as bad as it was last year that's what the governor's saying but if you have an aspect of 56 hospitals that have a bed capacity of 10% less it's a huge problem because the bottom line is that there's a lot of you know have cancer have all these other diseases that need a hospital they're going to freaking die like ASAP so that is one of the main reasons that you should be getting vaccinated so you're not taking up some hospital bed when you don't have to take it up because the bottom line is that you know there's only so much supplies period so keep that in mind you know you're taking a look at this because you know you get it is what it is and you know you're either going to stay unvaccinated and at one point hopefully not get sick but if you get sick the bottom line is that you can get real sick let's go take a look at the J.P. Morgan because what you have out here this is where this is going to go back and forth you can see that if we just so pictures folks this is where it's wild about markets if we just in common sense right all of us would think the rates would have to go up do you know what I'm saying that's that just totally makes sense that man the rates have to go up because you know the bottom line is that they're going to raise rates at some point but guess what we've been in that type of market for what you're talking almost a couple years and the rates haven't gone up they're still going down and it always seems like there's something else that happens that keeps the rates low and that's what you know basically folks that watch the Fed really worry about because in this particular case if in fact we're in consolidation which I think we're in that consolidation the first leg in the consolidation is 350 for the cues the cues are trading 400 so for folks that you know haven't seen pullbacks 350 is going to feel like the end of the world and you know we'll see where that shakes out we take a look at J.P. Morgan bottom line you have three bucks today but guess what that's going up on light volume that's saying that we're going to basically get into lower price that's how this thing and you can see if you look at J.P. Morgan you got a swing point out here from September 20th at 150 you got another swing out there at 145 my take is that that's where it's going after if we go take a look at the cash S&P and we take a look at the cash S&P what you're going to see out here I'll put this on a weekly and right now the cash is up 73 bucks right now and you know the bottom line the first tag is 42.78 that's 300 points down and that's not even what I'm talking about because you can get a 3500 which is a thousand S&P points which is a 25% hit on the way down sounds like a big number it is a big number stay right there folks we're going to come back with Mike from New Hampshire we have the Dow industry right now 644 S&P is up 68 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 and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live at TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right? like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at TFNN.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave the Chapman Wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day 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 TFNN.com educating investors are you looking for a secured investment which pays you on a monthly basis the target first mortgage program may be the program for you the best rate on a 5 year CD in the country right now according to bankrate.com is paying 1% per year or $1,000 per a $100,000 invested the target first mortgage program pays 7% per year paid monthly on secured, high value buildable properties in St. Petersburg, Florida the investment is for 4 years paying 7% per year or $7,000 per $100,000 invested your investment is secured by high value real estate in St. Petersburg, Florida your investment can be anywhere from $100,000 to $500,000 do you want to make $1,000 per year on $100,000 invested or $7,000 per year on a secured the target first mortgage program may be just the program for you the target first mortgage program pays 7% per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 don't forget you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com then hit watch Tiger TV that's TFNN.com don't forget to subscribe thank you welcome we have a great man himself welcome welcome welcome welcome welcome welcome welcome welcome welcome 8th. Okay, yeah, that'd be correct. Yeah. And if your B point is December 1st, okay, 618 retracement wouldn't wouldn't it be something if this could somehow work its way up there and fill that gap? Yeah, that could that that could do it. There's no doubt. So if we take a look, let's just take a look at this. So if we put this down, this is pretty cool. Yeah, and that's where it would be. Oh my God, that's funny. Yeah. Mike's talking about if you're watching talking TV, folks, you're going to see the gap. Is it a point 618 of the move lower, man? That's crazy. Wow. That's a trip. Yeah. Yeah, that's possible, Tom. It could actually happen somehow. Yeah. Yeah, it's possible for sure. I mean, my take is that I think time wise, the Dow is not going to have enough time to do it because my take is that like we'd go higher tomorrow. And then I think next week that we're going to start going lower again. So I just don't see it doing it that quick. But I know. Yeah. Look how that lines up, though. It lines up sweet. I know. Well, and then it's something to watch tomorrow is watch the 34 990. Okay, which that's that's another 400 points because if that's what we do when we back off, that's almost like, Okay, man, that's what it wants to do. And that's going to be the, you know, see point of that ABC structure, the potential ABC structure on the way down. But that's pretty cool, man. I appreciate the phone call because yeah, because that's game. There's no doubt. All right. Thank you. That's what we're trying to do. Find a potential C point there. Thank you, Tom. And it's very hard. I know what you're saying. Trust me, folks, because you don't know whether it's going to keep going or that's it. And then it stops. It's like, Oh, no, I didn't get it. I know. Have a great one, man. Have a safe one. Thank you. Always remember, folks, the bank and claw your hat out the book and run you over. And thank God is always another trade. Help the episode prosperity. Have a great night. Have a safe night. Come back and visit Tommy tomorrow morning. Kicks us off nine o'clock. Great show.