August 13th The Tom O'Brien Show on TFNN - 2026

ers. [music] The following is a presentation of TFN. [music] The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1877-927-6648 internationally at 727-8737618. >> Let's go to [music] uh Phil in Puerto Rico. Hey Phil, what's going on? >> Hey Tom, doing great. Um, just wanted to thank you guys and your whole crew. There's content on the internet. Really [music] appreciate everything you guys are doing. >> We appreciate you growling and ping with us out here. Phil, [music] how did you find us? >> I just typed in live trading in YouTube one morning. I was looking for any [music] type of live trading room. You guys come up and kind of quality when I see it, or at least I like to think so. And uh I mean, you guys are just a dream. I appreciate everything you guys do. >> Welcome to the Tiger family. We appreciate you growling with us. >> Oh, my pleasure. >> Now, Tom O'Brien. [music] >> Good afternoon, folks. Tommy O'Brien coming to you live from TFN. Just after 3 p.m. Eastern time, about 60 minutes left to go in the trading day. And we got S&P at all-time record highs for a close right now, folks. If we're there, 78.26, we reach a high in the futures intraday at 7838. And yeah, we got PPI numbers coming in light. Yields ease a bit. The market taken some of those possible hikes out of the pricing in terms of where the Fed is going for the next few meetings and then some. And we'll get into it, but equities rejoice and yeah, S&Ps, you're talking about a record, folks. You can put this thing on a daily and how about it man pushing higher. Pretty remarkable that July 30th you were trading at 7331 and here we are 500 points higher folks barely 2 weeks after that date. 782650. S&P is up by 7/10%. NASDAQ 100. You talk about a run. Yeah. 3,000 plus points 30,000 259 from the lows of July 30th and today we're up by 400 points or 1.4% 4% and we're about 700 points away from the all-time highs. The Dow right now, little bit of a diver divergence. Got a little rotation, some selling in the Dow this morning. You drive down to 53,715 and right now we're barely in the green by 28 points and the Russell positive by 4/10% or 11 points at 3,64. So, as I mentioned, as I mentioned, yields. So, this is a 5m minute. Here's your 8:30 acceleration, right? We get the PPI numbers and those numbers, folks. Okay, the headline, inflation cools on the wholesale level as wardriven energy shock fades. Okay, that's the headline from Bloomberg. But the bottom line is on a headline basis, the PPI was up 4.7% year-over-year, and that's after being up 5.5. And on a month- over-month basis, it was flat. Now, that's the headline. You take out food and energy year-over-year it was 4.2% month overmonth 2%. And you look at the trend. Okay, the black here is the headline number. The yellow is the change year-over-year. But more importantly, right, is that you guys these numbers coming down cuz the headline just went up nothing for a 30-day basis and the core is only up 2% on a monthly basis. You multiply those times 12. Well, 0 * 12 is 0. and 0.2* 12 is 2.4%. Both of them well under where you are year-over-year numbers. So the trend is going to be down here. And yeah, that's the number we get at 8:30. So that's the context of the move you get, right? We got higher higher price, lower yield. You take a look at the volume, decent volume coming into the final hour, 1.7 million on the 10ear right now with the higher price, lower yield. The 10ear still sitting though, folks, at 4.64. That's quite a number, man. 4.64 and you get the dollar right near 100 996 on the dollar negative by six pennies. Okay, we were as high as 100.83. You back off a bit. We zoom in on the action and that was the move this morning. As in when you got lower yield, you had a weaker dollar, but the dollar shakes it off. Yeah, we're right back to near 100. And that's weighing on gold down by 1.3% down 57 bucks right now. You got a GDX down by 3.1% but folks it's been a heck of a run. Okay, GDX is up 30% in less than a month. All right, just a 382 of the run we've had in the last month could bring you back down to 85 in a heartbeat. We're trading right now. GDX off $287 off 3.2% and yeah, little bit of an uptick in volume today for sure. We're down more than 3%. Okay, but look at the volume we're going into in terms of last Friday 44 million. We're at 24. And then you also had a sign of strength last Wednesday at 41 million. You take a look at the weekly right now. We only have one trading day left. All right, it's 3:00. We get to close it today and tomorrow. Yesterday, you push higher on the GDX on 145 million, we'll call it. And we're at 81 million right now. So yeah, I don't think we're doing 60 million between today and tomorrow. We'll see the price action, but pulling back on a little bit lighter volume on the GDX. Jump over the VIX. I was joking this morning and somebody was asking me about what I think of the S&P. I said the VIX is saying it's never going to go down again, right? And yeah, up a bit. Up by 21 pennies, which is interesting. Okay, we have an S&P right now at record highs. We're up by 57 points. and you have a VIX that's elevated from the last three plus hours of trading yesterday afternoon. So maybe we've seen a low at 1439, but right now this market showing no signs of weakness whatsoever. And yeah, when we talk about rates, yeah, we got a light CPI print on Wednesday. We got a light PPI print this morning. And when you look at the odds that the Fed's going to hike or cut, right now we're at about a 2:1 probability that they stay put at 35 to 375. This is the September 16th meeting. That's their next meeting. Okay. Look where we were a month ago. A month ago, the market had less than a 25% chance the Fed would stay put by this meeting. Yeah. Now, we've had a meeting in between then, right? But shifting dramatically. Okay. And even a week ago, there was only a 45% chance that the Fed would stay at 35 to 375 at the September meeting. That number at now 65% chance. Okay, you go out to December, three meetings from right now, there's still some hikes in here, folks. All right, the market only pricing a one out of three probability that we don't get any hikes in the next three meetings. Did you just hear that? The market is assigning only a one out of three chance that over the next three meetings we remain by December 9th at 35 to 375. Now really you could get a hike and then a cut. However you end up there, but this this is priced in that somehow they don't hike. And there's a 45% chance we get one hike and almost a 20% chance that we get two hikes. So still a lot of hikes priced into this market following a a light CPI, a light PPI. Now before the September 16th meeting going a little bit of fundamental here, but that's what's in in focus today on inflation data. These numbers are also going to jump around because we get the entire month of August prior to that September 16th meeting. So what's so interesting is that when you go from the last meeting to this September 16th meeting, we get two full months of data. The most recent data to that meeting going to be the most important and that's going to be August data. We'll get August non-farm payrolls in there. We'll get another inflation print for August and then you'll have the September Federal Reserve meeting. And so, yeah, those numbers are going to jump around. You better believe it. But right now, quite a shift. And not many would know, right? We know. You know, if you're listening to this program, you know the type of hikes priced into this thing. But that's still a lot of hikes considering where we are right now cuz we are making progress on inflation with those numbers. No denying it. S&Ps right now up by 53, NASDAQ 100 up by 382. We're coming right back, folks. [music] If you [music] spend any time online researching trading techniques on how to begin your trading journey, you've no doubt come across many folks who push forex trading as a way to make big money quickly. Unfortunately, there are equally as many stories of these [music] so-called Forex professionals just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the Forex market. This is what sets Teddy Kekstacks [music] the Tiger Forex report off the riff raft. 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And we've been pushing these highs that we started at August 5th. you're breaking above that area decisively, but August 5th, you got 45 million shares, almost 44.6 million in the SPY, and that's not cherrypicking this high of 69 million or 59 or 62 or 66 or 70, right? That's taking the actual high we made at the end of that run on 44.6 million and we're at 22.3 right now, breaking above that. Okay, jump over the Q's. Same thing. Q's make a run. They actually make a run now. Yeah, Q's are going to have it over that high. They are. So 33.5 million was the high from August 5th. Now you had tremendous volume of 60 million the day prior. Okay, but you actually made that high on 33.5. It's still going to be light. Probably 25.6. We'll see. You might get there today on a big day like this. All right, there's your S&Ps up by 7/10%. You know, we jump around as there's some more reading on this one throughout the day. And you're going to see some stories about this one, folks. So, this is talking about the Lakers, the deal for 12.5 billion, right? This gentleman here, Mark Walter. So TWWG Global, okay, and he was under investigation by the Department of Justice. They seized his phone last September, okay? So this is not some lighthearted inquiry. They seized his phone, his cell phone. Okay? And he had been looking for action to sell some of his assets. Stevie Cohen was out there. He passed. But here's the kicker, okay? The Delaware Life Insurance Company that Walter has, okay, restated its related party investments to 17 billion. Related party investments are very crucial for insurance companies. They're related, right? There's related risk. Okay? They restated them to 17 billion or almost 40% of total invested assets from 1.4 4 billion or 3%. Now, without understanding the fundamentals of it, seems like it could be criminal. Okay? And check it out when you put that type of difference on a comparison chart to other insurers. They placed outsized bets on their own affiliates, okay? Related party investments. This pink dot here is where their financials originally showed their risk profile as an insurer which was that for the total invested assets right what share of those were affiliated on the y ais okay and at 3% you can see right most insurers probably fall under 10 you get some of them that go up to 20 okay but then by restating Now, they restated this after criminal investigation. I don't think that's how it works that you just restated and admit that you reclassified them wrong. Okay? That like it's a clerical error. When they restate them, this is what this chart looks like. They are far and away the most invested in affiliated assets. Okay? So, nonetheless, they had to sell it. They're under DOJ investigation. and now he sold a big chunk of a prime asset to the president's family. And so we'll see where the DOJ investigation goes. Uh I wish the appearance of improprieties and corruption wasn't there. But under this administration, when you're under investigation, they're seizing your phone, they're getting all your records, and you've basically been caught. You know, I would love to hear how this one gets squared away, right? how that's not criminal for for having insurance books that don't disclose that you're more leveraged to affiliated assets than any other insurer out there. Not a clerical error, folks. Pretty sure that's a pretty important clarification that you're talking about under DOJ investigation. See where it goes. And yeah, even when he bought that team, there were questions. Nonetheless, we got an S&P up by 56 points right now as the market marches on and we got a VIX right now at 1473. All right, talking about risks in the market. How about a super El Nino, man? As somebody in Florida, I tell you folks, it's getting very hot and humid in Florida. And listen, we choose to live here. We got it made. I love Florida. I love the weather. It's sunny and blue skies often. We get a lot of rain at certain portions. And this is kind of our winter, right? Very hard to do a lot of things outside when it's 100° and humid, but very hard to do a lot of things outside when it's freezing cold up in the northeast, etc. Right? We all have our pros and cons, but yeah, so I pay close attention, fingers crossed, coming into hurricane season. And yeah, almost a 70% chance of a historic El Nino. And those are the prediction markets. over a 69% chance of a historic event that will exceed the strength of previous Elnino events dating back to the 50s. [snorts] Greater than 90% chance of a very strong event during the northern hemisphere, fall and winter. Right, it carries not just the summer. El Nino declared in June, strengthened in July. Pacific surface surface temperatures almost 4 degrees above normal in some areas. That's in the Pacific, man. In the coming months, El Nino will likely bring above normal temps to much of the northern hemisphere, including Western North America, Southern Europe. Yeah. So, because it's in the Pacific, that's where you're hitting. But boy, I mean, we all know all about warm waters, man. That Gulf, that Gulf is just a warm bathtub come August and September. All right, we jump around to some other headlines out there and yeah, Cisco. So, Cisco lower today and part of the reason they're lower is a little bit of unsure unsure nature of of are they just being conservative and underpromising I'm going to overd deliver? Cuz if they're not, why are they only looking for 7.5 billion in AI data sales when they did 4 billion in orders alone in the recent quarter? You go back to where they were last year, the company company generated 4 billion in AI revenue fiscal last year and they're only guiding up to 7.5 billion tied to the AI data center boom this fiscal year. and the market, you know, the CEO is saying that it takes a while. These are big deals, right? All that revenue doesn't come in in the quarter you book it. These are nonlinear orders that are massive in scale, placed well ahead of time. The AI guidance as a good, prudent guide for the year. Prudence not exactly paying off today. Down nearly 10% off 9.4%. The market's worried, but that they're just not being uh prudent and that maybe they have an issue if they're only pulling forward to barely 7 billion. All right, folks. We got risk on day S&Ps looking to close out at a record high. How many times we've said that this year, right? NASDAQ getting there as well. Folks, we're coming back with Tim Hort, author of the Oracle. We'll talk some markets. We'll talk some metals. 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We got an S&P looking to close at a record price up 7/10%. NASDAQ up 1 and a4% right now. And right now, folks, as we do each and every Tuesday and Thursday at 3:30 Eastern time, we're going to talk to Tim Ort, author of the ORD Oracle. You can check out Tim's website at oryenoracle.com. You see him right there. And right in front page of TFN folks, you hit the services tab, you'll see two great webinars. The secret science of market tops, how to identify market tops, as well as six secret ratios. Every trader should know the VIX, an important part of some of those ratios. And we got quite a VIX today, Tim. Good afternoon. >> Yeah, good afternoon. Uh, you know, this market, I'm kind of surprised, you know, that we're in the weakest quarter of the year, and this market's not really shown any signs of uh weakness. Um the first uh the bottom window here is a VIX. Uh actually uh it's coming in somewhere around 15 or actually looks like about 14. I can't quite tell, but anything below 17 is it's usually you got I got a trending market. Uh for some reason you can't see it there, but uh I I got a green area, I got a yellow area, and I got a pink area. Okay, the green area is when the uh weekly S this is a weekly chart both on the uh S&P and uh the S&P VIX ratio. Anyhow, the top window is this window here is the weekly uh S&P and when below it is a weekly S&P VIX ratio. The green areas are when times when both the uh VIX is above the Bing Ballinger band, the weekly Ballinger band and the S&P is above uh the mid Ballinger band. The yellow area is when the S&P is above the mid Ballinger band and the uh S&P is below the Ballinger band. So that's like a warning sign. Um uh so we're back to green here and we got a little yellow right here. uh the yellow turns into to pink when both of them fall below the mid Ballinger band. Well, back in uh looks like about a month earlier, the SPX VIX ratio fell below the mid Ballinger band. It did back here, but the SP stayed above the mid Ballinger band. So, it went from yellow to green and went back to yellow. When both of them are below the mid Ballinger band, that's the pink area. That's when the declining markets you got. So that happened there. You got another yellow area here. The Ballinger band or the S&P was above the mid Ballinger band, but the yellow area, the S&P fell below the Ballinger band. And so then you get the pink area when below that's below the mid Ballinger band and that's when declines happen. right now. Uh you got the uh weekly S&P above the mid Ballinger band and you got the S&P fix ratio above the mid Ballinger band. So trends up normally uh the SPIX fix ratio will fall below mid Ballinger band to give you a warning sign. Will that turn into a sell signal? Will turn into a sell signal when the S&P falls below the mid Ballinger band. Okay. So right now there's neither one. Uh this is the daily spy. Uh you had a sign of strength right here above the previous highs. These were previous highs here, the June July highs [laughter] and you went above them and uh you had a sign of strength and you kind of went sideways for days. Now we're going higher and the ratio more or less uh this is a daily SPX VIX ratio down here. More or less you're still hitting new highs here. >> Yeah. Uh so uh not seeing any signs of a of a of a top. And I here's another indicator works pretty well. Uh the top window is the RSI uh 14. And I I put areas of this chart goes back to looks like about late 2020. So it's quite a few years. I marked the areas in pink. the times when the uh uh RSI 14 fails to get above uh 60 which is that line right here. >> So um so you can see here it topped out around 60. That was a top. It topped out around >> 60 there. >> Uh right around 60 there. Another 60 right here. Well, we're at 67.89. And I think we're a little bit higher than at right now when I rounded off called it 68. So we're kind of way above uh above a danger area on RSI. >> So trends up. So I don't know. >> And the VIX So the VIX is is let me ask you the VIX is it pretty important the VIX overall because of those ratios that that you look at Tim. I mean they can drive a lot of the action in terms of the spy VIX and how it leads it. We have a VIX at 1469 right now and it's only been lower like you know going back the last year like a few days around Christmas Tim like like I'm talking about like Christmas Eve and the day after Christmas when you hit 1338 which is a pretty remarkable statement the last year that that's the only thing that has less of a you know a lower VI a VIX. >> Yeah. Yeah. There's just, you know, sometimes the VIX will give you, you know, look at this chart again. You know, the VIX uh this was uh 2024. You know, it got dangerous here, but nothing happened to the market. Market just kept staying above the mid Ballinger band, >> but you know, the VIX was not even >> close to giving a warning. You know, we're hitting a new on the S&P VIX ratio on weekly time frame. We're hitting higher highs right here. the ratios. >> Yeah. >> Uh keeps going up. >> Pretty impressive. >> Yeah. So VIX usually gives a warning and there's not even a warning sign here and momentum usually peaks out before the market peaks out. Well, momentum is really staying strong, which is, you know, another way major RS momentum is the RSI. You we're knocking the door 70. >> So that's not usually an area where tops occur. So how high is high? I don't know. I had one point where this uh know let me get back uh let's see this one this you know I I thought this this sideways range here uh you know the trading range on on a bigger time yeah maybe see it here better this trading range right here was the halfway point of the next move up >> okay so if you take the bottom up here and you measure to there and you add it up it comes up around 860 so you Maybe that's going to be true. I don't know. Uh you don't want to be short cuz there's several different indicators according to VIX and according to the RSI, uh this market wants to go higher. And also, if you notice, yeah, yesterday we had a trend close of 1.28. So, we're actually rallying and the market's shows a little bit of panic on the rally. So, that's also a good sign. So >> yeah, >> um you know um >> what do you what do you think about the volume and and I agree with everything you're saying but you know and this how do you step in front of a market this strong with nobody paying no there's no sellers here man at all. Um what do you think about the volume? I was looking cuz yeah you you pointed it out the great strength it had on kind of the run at the beginning of July on the beginning of this run that we had >> and we've dropped off a little bit since then. Today looks to be a little light. You know you see what what we've done since we've been up there, right? We're going to break it on lighter volume today on a daily basis. We got a spy doing 24 million right now. And that's that's What do you think about that? Any any see what happens. >> You know, it's not ideal. You know, you have to have a group of indicators kind of giving the same signal. We got one that's not good, which is volume. I >> tell you what, back folks, we'll finish this thought. We're getting right to gold as well. We're coming back with Tim Mo. Stay tuned. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money back guarantee, so you have nothing to risk. For all the details and to start your subscription today, visit the front page of tfn.com. tfnN, educating investors. For traders who crave risk, [music] directions daily leveraged and inverse ETFs provide opportunities to magnify short-term perspectives with up to three times a daily leverage. Utilize bull and bare funds for both sides of the trade and trade through rapidly changing markets. 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Sign up today and become a part of this educational community of traders. Just visit [music] the front page of tfn.com. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. >> I'm Orion. [music] >> Welcome back, folks. We got an S&P likely closing if we're where we are right now in 18 minutes at a record price up about 7/10%. We're talking with Tim Ord, author of the ORD Oracle. Tim, if you could just finish that thought when you were talking about volume, how you look at something like that because I would agree that man, the the this the signs in this market right now for bullish, but how do you look at something like that? >> Well, yeah, you got to look at a lot of different type indicators. when you get I don't know my opinion when you get two or three or maybe even four that favor you and you get one or two that not you go with the majority and volume ideally is kind of one of my main stays the things I look at >> and I don't like volume hitting a new high but it can hit a new high on lighter volume for a spell before it reacts. So maybe uh maybe we're heading for some sort of a high but >> yeah we'll see was it was not today. Um, no. >> Not today. I know. >> And uh the VIX will probably give us some signs and it's not giving us any signs today. It's now at 1463. Quite a VIX, man. Let's move on to medals, please. >> All right. So, this is a momentum chart. Uh the bottom window is the uh GD. This is a daily chart, I think. Yeah, it's cumulative daily. Um this is a cumulative up down volume on this window right here. And this and the bottom one is cumulative advanced decline. And uh so so it measures there's like 61 stocks in the ETF of GDX and it measures of those 61 stocks. It measures all that advanced decline of the 61 stocks and up and the all up down volume for all 61 stocks. So it's a cumulative about 61 stocks is measuring uh what's going on. So it's a good indicator. This was kind of a momentum indicator is not designed to catch the the tops or bottoms cuz uh the green area is when both these indicators this one here and this one here above the mid ballinger band when it gets below the mid Ballinger band which it did here and it did here is when it's a sell signal. So you can see that you know the top was here didn't give a great sell signal but we're back to green again. We we're we're on both indicators. We're above the mid Ballinger band on both of them. Uh and I think the I didn't put a weekly chart up, but I think the weekly flipped a bullish shoe. So, you'll have some sort of a consolidations along the way, but the chart momentum wise has flipped up. So, we're starting a rally that may last a while. Here's um we showed this chart last time. Um the bottom window is the GDX up down volume with a 70-day 79 day average. So this is not cumitive. This is a moving average. So it gives you a different picture than a cumulative one. So the next one up to 50-day average of the up down volume and the top one 62-day average. If you're all if you notice they're all turned up and normally when they turned up they went down. So when you get down on the 6Q day down around minus 15. That's usually exhaustion to the downside. On a 50-day average, uh, it gets down around 20. On 70-day average, it gets down around 10. >> Okay. >> So, all three of them hit their exhaust move to the downside. So, on a 50. >> Quite a pullback, man. From 120 almost to 70, right? I said, man, that was quite a pullback for, you know, it matches up. Yeah. >> Right. So, you want to catch it when all these indicators get down to the exhaustion to the downside. >> Yes. >> And that's the key. You don't want to pick your bottom and wait for the exhaustion. That's the reason why I got these red lines here. This these are exhaustion moves to the downside. And but once they turn up, sometimes they build a little base. That one looked like had a couple of weak base, maybe a month base. Uh this one kind of the same thing. it just kind of went down and kind of just made a bottom over, you know, couple three weeks. Don't know how long. Sometimes you did spike down and turn straight back up. These build a little base and now they're finally all turning up. Well, once they turn up, that means you hit exhaustion to the downside. So that the selling pressure is done. Whoever sold sold. So what's left is basically just buying pressure. And that's what's starting right now. And how long the rallies last. So if you look, you know, this is kind of a big time frame. So 50-day average, you know, you got 21 day average in a month or average trading days in a month. So you're looking at 50 days, you're over 2 months there. 62 days about 3 months. 79 days is what about close to 4 months or better somewhere in that vicinity. So you're looking to rally, it's going to be multi-week if not multimonth. If you notice uh this rally in 2025 started lasted well into u you know looks like about those uh two it wasn't quite a year I guess but you know a lot of them uh are going to be multimonth so I think we're going to rally until next March give or take. Uh so that's kind of a cycle for gold. Seems like gold bottoms around July anywhere from July to October and usually March is kind of a high seasonality period. So that's probably what we're going to do here. How high is high? Well, at least uh yeah, I did get a chart about that. So anyhow, momentum for the up down volume has turned up. That suggests we're in a low. Uh the pattern that forming here, this is uh this is a weekly chart. Uh it's a falling wedge and we got down in here and we get a kind of close call. I was bullish, you know, start three four weeks ago, you know, around that 75 range. We did fall back down around 70. But anyhow, I was kind of bullish. I thought, well, you know, we're at a low. You know, trouble is, you know, pick the exact low timewise a little bit harder. I just know price-wise we're at a low. I think what we were talking about on that I'm bullish. You know, I said that two, three weeks ago. Well, nothing really happened. We we did wiggle a little bit lower, but it did turn out. The wedge did turn out. You have to have a sign of strength out of this wedge. If you don't have a sign of strength, you're going to go right back into some sort of a base building period, if not another decline. >> So, you got to have that SOS. >> And what a sign, right? Totally. >> Yeah. Right. A sign. And you kind of compare it to the, you know, this is a weekly chart, so you kind of compare it to the weeks before. So, you know, we're up about, you know, if you look at these last, I don't know, month, month and a half, you know, you're up about 30% volume. So, that's definitely a sign of strength off that low. We actually had one right here, too. And I was watching that. Normally, when you get a sign of strength inside of a pattern, you want to stay bullish. Even though it falls back, you want that volume on the fallback to be less. And that's exactly what I hyper. That's the reason got me got me kind of confident that I knew this area was a low because I seen this sign of strength here. And then I fell back on lighter volume. You can see the sign of strength. Uh, >> you know what's cool about it? I'll add my own too is that you took out the whole October of last year. Now that was tremendous volume of the highs. But pretty cool how you almost engulfed the highs of October of last year because that was an important area and so you get the sign of strength. You take out the consolidation recently and then you blow apart that high there. That's real support, you know, of that general area. That high and then that pullback there is kind of that area that gave it to pretty cool I thought. Yeah. >> Yeah. Yeah. So, so anyhow, we got a science strength this week. Uh this is a weekly chart and this week's volume is probably not going to be high as last week's volume. So when you go start to go up, you want the the previous high the current high to be as volumewise equal if not greater than the previous high. And uh you can also measure uh how high is this volume here compared to this high here. And you need to be equal than it was. So this is a consolidation. I think you're going to find support around 85. That's the reason I got that line right there. But but you know, we may pull back for I don't know, a week or two, but ultimately we're going to head up to that high of 117 area. Will we break it? >> I don't know. But uh 30%, Tim, in less than a month in that GDX. So yeah, maybe digest for for a bit in a healthy market, but quite a market. I agree, man. Gold. Tim, appreciate the time. Appreciate you walking through the markets as always, folks. Check it out oracle.com. We'll talk to you on Tuesday, Tim. >> All right, talk to you then. Thanks a lot. >> Talk to you then. Thanks so much. 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[music] Try any of our great newsletters risk-free with our 30-day money back guarantee. [music] Just visit the newsletters tab on the front page of tfn.com. TFN, [music] educating investors. Don't forget you can listen to TFN live on your mobile device 24 hours per day. Go to tfnn.com then hit watch tiger TV. That's tfn.com then hit watch tiger TV. Welcome back folks and S&P. Yeah, we're making a run. It's going to be a record close folks. 7822 right now up by more than 610%. You got a NASDAQ up by 1.2% 2% and yeah, workday. So, Silver Lake going after workday, they're up by 17%. And hey, at at at a certain price, you'd sell an equity and a certain price, you'd buy an equity, right? And maybe we're approaching some of these software companies down to 100. We're bouncing from there. You were at about 170. Yeah. When this news began, right, you were at 163 last week. And so yeah, as you're talking about in the dent, some of those software companies, Salesforce up by 4%, Adobe up by 5%, in it up by 7% right now, Palanteer up by 5%. Saying, "Yeah, maybe there is some value left." Now you back off from that spike at 227, but Workday up by 17% right now. Cisco down by 9.1. Some tough numbers for them. And yeah, you know, they want to do away with quarterly reporting, folks. And now they're scaling back scrutiny of shell companies. Okay. And the president's own secretary of state, Marco Rubio, co-sponsored this bill in 2021. They got it through with a veto cuz it was so popular. Rubio, called this legislation the most significant anti-corruption and ming money laundering law in decades. That's the current Secretary of State talking about the Corporate Transparency Act to make sure that people who are running shell companies have to report who owns what so they can't be running game with corruption and money laundering. And now that's supposedly not going to get enforced. And we'll see how that plays out because really that's a congressional law. And it's just awesome how even Rubio back then the most significant anti-he speaks for itself. S&Ps folks quite a market. We got a VIX right now. We're finished with a VIX. Why not? 1460. How about it man? S&P is up by 50 folks. Thanks for spending your time right here. Couldn't appreciate it more. Have a great night. Enjoy that time, folks. Spend it wisely. Enjoy it. Live in the moment. Enjoy that time. We'll see you tomorrow, folks. 9:00 for the morning market kickoff. Have a great one, folks.