The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at<PHONE_NUMBER>. Let's go to Ben and San Jose. Ben, what's going on, brother? Hey, Tom, how you doing, man? I'm doing great, man, yourself? I just wanted to thank you and your team and everything. I've been using your technique with the 10-minute charts, watching the VIX, and just making a fortune here on the Futures. Isn't it interesting? That's awesome, man. It's wonderful. Thanks, Tom. I appreciate it. Okay, man. Have a great one. Have a safe one. Now, Tom O'Brien. Welcome, folks. This is Tom O'Brien of TFNN. We have five days a week. We go seven hours a day. We go 24 hours a day on the Internet at tfnn.com. Always remember, folks, whatever you think about, you bring about whatever you focus on grows. Everybody's having a great day, safe day. It's making a great night, folks. It looks like we've missed the bullet here, folks. Thank God. We're still going to be vigilant. But the bottom line is that it's interesting. The Gulf of Mexico, the folks in the Panhandle, man, it's always a trip, and I think that's one reason the Panhandle have never really exploded on price. What happens is that if you take a look at how the hurricanes come in, this one here was coming in, you know, running into the east, but what seems to happen every single time they hit Mexico is that it's like a magnet, and it starts pushing it north and pushing it west. And that's exactly what's happened this time. And hopefully, well, I don't want anyone to get hit, but that someone's going to get hit. But the bottom line is that that's exactly what's happening this particular time. So it's moving northwest still. You know, we'll get some rain. We'll get some winds. But nothing like, you know, what could happen. You have the power to create. Your power is so strong that whatever you believe comes true. You are that way because that is what you believe. In yourself, your whole reality, everything you believe is your creation.  Okay, the last few days he can imagine, right? Knock it wise. Let's take a look at it out here. Yeah, we have the Dow Industries up 226. Nasdaq up 233. S&P's up 56. Gold. Gold contract up $18.20. Trade in 1965. An ounce. You get silver up 50 cents. $25.10. An ounce. Light sweet crude. Trade up a buck 13. $81.23. A barrel. Notes and bonds. A 10-year note. Up 23 ticks. Trade in one, 10, 12, the 30 up a full point. Plus seven ticks at 121.05. And king dollar. King dollar down 524 ticks. 103.535. The euro at 108. The end's trading out here at a price point of $145 and the British Pounds at 126 to $1 US dollar. Offer numbers<PHONE_NUMBER>. Give us a call, folks. I know it's going on in your world. Excuse me, folks. In the world of the S&P's, let's take a look at it. What do you have? Well, this market's going to go after its highs, folks. You get window dressing coming. You know, we're in it. We'll be in it the next couple of days, OK? And you can see it doesn't take much. This buys up $5.71 today. You know, you get an expansion of volume. It's not huge, but it already got into the high volume barring the way down, which is the 446.77. Just blew that away. So your next one up there is the... Let's put this right here. You're going to see... We're right next to it. The highs of the lows are the... No, the lows of the highs is 451.88. Now, that's going to be pretty easy to tag, man. You know, and what that was all about out here is that you had the jolt's number come out. And so this morning when the jolt's number come out, the bottom line came out soft. And what the jolt's number is is the amount of jobs that are available and they've been going down for eight months. Now, in this particular number, this particular number came down very fast, though. So the bottom line, what does that do? Well, guess what? Here we go. Go take a look at the Newton-Bahn market. You take a look at the Newton-Bahn market. You're going to see that right off the bat, it took that baby right up. It took the dollar down. You can see that wide price spread there in the tenure. You go back over to the dollar. You take a look at the dollar. And what it did with the dollar is basically failed after... So the dollar had... You know, the dollar was trying to make this swing point, right? And it just missed it. Now, this is where this always gets cool, man, because the swing point out there was the 104-699. We spiked 104-447. Now, we haven't broken the uptrend yet, okay, but we're just about there, man, particularly because what you had out here is this.   You had another doge, a monster doge. That was two days ago. You've closed a little bit lower yesterday, got a vacation it wants to go, and now bottom line, you get a nice bearish engulfing. What we have is that you get one more day of this and you're going to... You know, you're going to see... Okay, the way this chart is set up, it has broken it, okay? What I like to see, the reason I want one more of these, I really want to see a break with conviction. You know, right now it will blow it, and a break with conviction is getting another wide-price spread accelerated volume, a little volume on the dollar. You get one more of those, guess what? Then you're going to start heading all the way down to this 99, 753. And of course, once you... Not once you have it, it's already happened, okay? You get gold and an ABC structure on the way up. Gold took off. You get $18.60. You get $165,000 contracts traded. Just the opposite of the dollar. That's how it works. You know, he's taking a B point out. The B point here had, you know, $137, $167, $176, you know, bottom line, you took it out. So, next move in gold is coming up to this 2028. A lot of moving pots, but the bottom line, let's go to the cues. We take a look at the cues out here, because what you get to understand is that in both cases, giving up the dollar gives the broad market also room to breathe. That's how it goes, okay? Because it's not... You got to always remember what the number is. It's what you can buy with the number, right? If the dollar is lower and you still have a higher number, well, guess what? That doesn't mean you can buy more, okay? So what you have here with the cues, you're going to see with the cues, the bottom line is that, you know, you mentioned volume yesterday, not a lot of volume, but you can see when you look at it, the bottom line is that it's, you know, that small downdraft looks to me like we're going to go right for the highs once again, which is really wild in the time frame that we're in. So we'll see what happens when it starts to, you know, basically get up to that level. We get a lot more data that's coming in, you know, week, basically, three or four days in particular that my take is that if this is actually turned, well, here, oh, then you go to the TLT, man, you look at the TLT. The TLT has rejected lower price, particularly on the monthly, right? And it never made the bottom. You know, even that you can take it to consideration, too, that the TLT has an expense ratio of .015. So even taking that math to consideration, the bottom line, we never made 91.85. We made 92.23. Okay? So that's saying that that's also now, you know, step by step. You're only going to be on the way to 109 and we're at 96. Our phone number is<PHONE_NUMBER>. We have the Dow. The Dow industry is right now trading up 233 and has except 241. S&P is up 59. We're going to come right back. 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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.  Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. 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Let's get over to our mammoth to Basil Chapman as we do each and every Tuesday at 20 past the hour. And don't forget, folks, Basil does an outstanding show here every trading day. 10 to 11 Eastern Standard Time also has a great newsletter, the opening call. Now, come over to our website. It's very easy to get Basil's newsletter. Come over to our website. You're going to newsletters. You're going to see it right on the left-hand side. Second one down, the opening call. You can get that for one month for $149. You get it for six months for $695, which is a savings of $199 at 22%, and you get it for one full year for $1195, which is a savings of $593 at 33%. They all come with a 30-day money-back guarantee. Basil just did an outstanding workshop for his subscribers, which is still right on that page. So when you get the newsletter, folks, you're going to get the current workshop. You're going to get the other archives that he did out there. If it works for you, great. If it doesn't work for you for some reason, 29 days from now, you can cancel that newsletter. Basil Chapman, what's going on? Hi, Tom. I'm pleased to hear that there's a better chance that you might be missing this. I hope that's the case. Yeah, it's, you know, living in Florida, we're always so lucky where we are. If you look at the makeup where we are, folks, we're right in the middle of the West Coast, and it's pretty hard to get hit, and thank you, God. We're pretty far out of it right now, so it is pretty cool. The poor people up at the Panhandle, man. That's just a never-ending deal, man. Oh, that's terrible. It really is. Terrible, man. So, what are we going to look at out here? So, let's do a couple of things. It's kind of an important period because we've been looking at the Dow since that August 1st high, we were fortunate enough to be able to short it right there. We're still actually short. We anticipated, based on this trend line, this pink, and this is what I discussed in the webinar, how you can draw these trend lines, how you can draw these price match where you can go the number of bars on the left equal the number of bars on the right. It's bar symmetry. It gives you good support, a good resistance. I'll show you that in the dollar in a moment. But it held this inside wedge target support line, and I said to subscribers, be prepared that there should be quite a nice balance, and that's really what we're looking at here. I'm looking to see just how far between now and tomorrow as we get to the end of the month, where this goes, and how the technicals improve. If they improve enough, then we might have seen not just A-low, but V-low that says we can go quite a bit higher. At the moment, I still think it's A-low, and that we should be doing some downside, excuse me, testing over the next week. But if you look at the SMH, which is a samurai's, which we've had really nice profits on the downside, which we shorted, and we also had the three times short, that we're out of all together at this particular point, a very nice move here. What I've been saying all the time for weeks now is that the weekly charts in all the indices have been very strong. I didn't even get a cell signal on the declines that we saw just recently. And that to me says that the larger tide is still rising. The shorter tide is declining, but basically we've been in a daily cell mode. And now we're going to see if we're going to come out of that. What happens next? But I wanted to mention the dollar. There's a technique that I used that I was mentioning just earlier on this bar symmetry. I don't know how markets do this, but it's just fascinating. Look, there was a high back in May, the 31st of May, and the dollar index of 104.79. It came down sharply, made this H pattern that I'm always talking about, the dreaded H failed, and it went down very sharply to the low in the 99s. And then it started to rally, and I drew in a midpoint that said from this left side in May to the low that was made in July, there might be an equal number of bars to the upside. And if that's the case, we've got to follow this 9-14 period moving average to see how it continues to hold. Well, it went to within pennies and one day before this price, actually two days before the price symmetry, so it went to 104.45. I mean, I don't know how markets actually figure that out. Look, the previous side was 104.70, and it went to 25 cents under that. And now it's starting to turn down. But I just wanted to show this as well. The technique that I used for the Dow to be able to get that turn, you can see here in the dollar that the 9-period moving average is still much higher than the 14. So I think it's going to be a work in progress to see how it's either speed, and that means tomorrow the dollar just gets slammed and it really plunges sharply, or it's a process. We saw a process in the Dow, oops, let me just go back there to show you this particular technique. In the Dow, yeah, it is, how it took so much time for that 9-period to turn pink to go under the 14. Yeah, you know what's interesting, Basil, is that the Dow itself is a lot weaker than the S&P or the Nasdaq. I mean, because both of those have already come up to the trading day of the fourth or something. Do you know what I mean? Here's something here, look. Here's the pink 9-period moving average. It's within a hair of crossing positive and the price is moving very nicely and you correct about the cues. So the Dow is the weaker one. So using the same technique, and if I had to go to gold, you'll see that gold right now is kind of on the cusp of crossing positive. So I like to use this indicator as kind of a trend. It's not where you get the turns. I use other techniques to get the actual turns. Just to sum up, the Dow is having a really strong move. There's a technique that I call the inverted Chapman wave Roman candle. I'm not exactly right because I prefer that the body of the candle is a half to three quarters away from the wick either on the upside or the downside. This is a little bit more than half, but I've got a technique that says within two sessions, if the Dow is trading above 104.20 for about 90 minutes, there's a chance that it could retest today's high. If in the next two days it starts to close below, today's low, we don't know what it is because the market hasn't closed, but so far the low is 103.50. You've got to be careful and you've got to start looking at the lower levels and that 200-period moving average is at 103.20. So it's a work in progress, but it's achieved, we've been along the dollar for a very long time. The UUP did a one-to-one-to. That's the dollar power shares, D-B-U-S dollar bull. That went in a beautiful one-to-one to the upside. Plus I'll do this in my show tomorrow to show people are listening. There was a falling ax expansion. There was a Chapman wave. This is the peak D. Instant restart goes to another peak A, B, C, and a D. Just did that today. So it's accomplished everything that it needs to, but as I say, the technicals are still pretty strong and the stochastic is flat at 86%. So that says to me that there's still internal strength in the dollar unless it just gets smashed to the downside. And actually, if you look at the EURUSD, you'll see it hit exact... EURUSD when you do these too quickly. It hit exactly, look, it has this price symmetry of this arch formation and it held the 200-period moving average. The nine hasn't crossed positive yet. So it's kind of lagging, but it's got a nice balance off the 200-period moving average, which it hasn't been to since the lows in June. And folks, it's very easy to get Basz's newsletter to come over to our website at TFNN. Hit the newsletters. You're going to see it on the left-hand side, second one down. You hit that baby and you are off to the races. Basz, do you have a great night, a safe night? And of course we look forward to show tomorrow morning. Thank you, Tom. You too. Thank you. Stay right there, folks. Now up to $69, Nasdaq's up to $53, S&Ps are up $63. We'll come right back. With rising inflation, rocketing interest rates, volatile dollar, and uncertain market, there's an asset that all traders flock back to, gold. However, these are regular times also mean a regular gold market, which presents its own unique challenges. This brings up the question, what moves the gold market? This is a question that I'll be answering in my next live webinar. On August 30th, from 4 p.m. to 5 p.m., I'll be hosting a live, free webinar for all those who subscribe to my newsletter, The Gold Report. The Gold Report has been in publication for over two decades, and I've seen just about every market gold has been traded in. This experience lends me great insight when trading gold and other mining equities, and now that insight can be yours. On August 30th, I will deep dive into gold, bonds, and the dollar, where they are now, how they affect each other, and what to look for when looking to set up a trade. Additionally, I will provide a comprehensive breakdown of the XAU, HUI, and GDX, as well as cover individual gold equities and answer questions live on the air. Subscribe to The Gold Report today so you don't miss this rare moment of gold. TFNN Educating Investors. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. 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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 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. Welcome back, folks, Dow. Dow Industries right now trading up $267. You get the Nasdaq up $251. SAPs are up $63. Let's get over to our man, Mr. Tim Ord, as we do each and every Tuesday and Thursday. And don't forget, folks, you can reach Tim every trading day at www.Ord-Oracle.com. That's www.Ord-Oracle.com. Tim Ord, what's going on, brother? Well, since you're over a couple of charts, there are actually five of them. We can cover the SAPs real quick. Okay, which one was that? Is that the first one? Okay, that'd be chart number one. Well, you hit this market big time, Tim, so it's a beautiful thing, brother. Let's start with John one. Okay, I'm ready. Okay, let's run this port area, that blue shaded area. That blue shaded area is where the ticks and trend that reach panic levels. Okay. And panic levels always form a bottom in the market. So, the market's probably going to flip sideways here over the next month or so. Okay. And what's going on right now, we're going into a gap area. I've got open gaps. I've got a blue line area, and that area is kind of a shaded tank. We're into it right now. And that gap had 76 million shares. So, it'd be important what the volume is today. If you test the gap on 10% or lighter volume, the gap's normally resistance. If you test it on that equal volume, it'll go up to the next higher swing, which is basically pretty much where that higher shaded area of pink is, which is that gap up there. I see. We'll have to wait and see what goes on here. I don't think the market is starting a bull run here.  That'll be a nice range though. It'll be a nice range. Yeah. It's a nice range. It's kind of tricky in here. It didn't quite get, you know, I got a bicycle way too quick. No, it's tricky. I got out of that bike signal. And I didn't get that can. But I don't think the market's going to go farther. But actually, anyhow, the two pink areas are possibly areas, which is where gaps are, the two possible areas where a cell signal could develop. Yeah. I don't think the market's going to keep going up. You know what's so cool, Tim? What I love what you do here, right? And folks, okay. So there's this picture. If we're in a consolidation, right? What tends to happen, folks, is this. Is that you could go up to the highs, you know, you could volume the drops off, okay? And then, you know, bottom line, yeah, it wants to go back down. Now, the cool thing is, is that you can see, as Tim has pointed out, that panic area down there. I love how that panic area is down there. The reason being is that, you know, you never know how low you're going to go. But we know that lows are always kind of spike lows. You know what I'm saying? Versus highs.  So it's pretty cool, you know, looking forward, you know, speculating, of course, of how it may play out. But that would be pretty cool, man, because that's a wide price spread, man.  Yeah, that's a hundred points. Yeah. So there's nothing this needs at. No, no. A hundred points on the SPYs. Yeah. A thousand points on the other one. But it's looked at chart two, and I'll tell you why. We're probably not making this, this rally is going on for, this is a chart we've probably shown it a couple of different times, probably back in, you know, March, April of this year. Yes. Anyhow, I went, what I did here was, the top window is the 10 day trend. Okay. And I, and I'm a shaded down area, is when the 10 day trend got above 1.2. Yeah. So I, so that's all the shaded areas. Then I drew a horizontal shaded area to show you where all those, what, what levels of the, the pain occurred. Yes. On the SPYs. So, and we talked about this chart before and we came up with a sporty area between 365 to 390. Yeah. Because that's where the trend reached 1.2 or higher in that price range. So in that whole site, you went, so it went sideways for 11 months, started facing back in May of 2000, 22 or 22 and complete the pattern in April of 2023. So you had a 11 month base. Now this is, you know, Weisskopf stuff now. So you got 11 month base. Right. So in general, the market should last around 11 months. Okay. So, so we're still early in that phase because the market, you know, started rallying May, we're in August, only been rallying four months. Yeah. We should basically rally all the way into probably next March or something. That'll blow some months, man. Yeah. Yeah. So that's, you know, that's the Weisskopf method because the longer the base, the longer the rally. Right. So anyhow. So, you know, so let's get where we are right now and I circled that in red. I see that. Yeah. So, you know, so the market and tell, you know, intermediate term Bob's and tell that trend gets to 1.2. So far, you know, we're coming in as I did this morning, we're 0.99. Okay. So, even though we've got a panic range going on, it's still on a 10 day average, not high enough to suggest a base worth rallying out of, at least not yet. Also, we're in the weakest quarter of the year. And basically, you know, August to October time frame, we're in that time frame right now. So we'll probably beat around in this area for the next month, maybe a month and a half. And the trend, most likely between that timeframe going forward, you're going to see a lot of different days, probably 1.2, 1.5, 1. You know, who knows. Yes. Maybe two old trends to get that trend up to 1.2. And once you get it up to 1.2, now you can look forward. And so that's the reason why I'm thinking, even though this rally looks really good and it's like, it's going to go to the moon, it won't. Tim, what would be, what would be, if you don't mind asking, what would be, like when we're getting up to that highs, do you have a number on the trend at the highs that it may be coming into? You see what I'm saying? The last high we had in late July early August, you mean? No, what I'm saying is that, when we get up to the highs, right, you'd be looking for that trend to be at what numbers? Versus the lows. You see what I'm saying? Okay, what trend, normally, okay, the 10-day trend, a lot of times you got to be careful when it gets down to 0.9, 0.8. Right, that's my question. Okay, that's my question. It's cool. Okay, all right. And so when that starts happening, if you go back to 2022 in January, you had a trend staying down right around that 0.8 range, warning that even they're actually coming off that big top, right, you know, that trend stayed low for the first probably two months of that decline. Yes, okay. If you look at that 10-day trend, so anyhow, so we're into this, you know, short-term bounce here, and also I wanted to point out, the second weakest week of the year, seasonally wise, is a week after Labor Day. Okay. Next week. Okay. Pretty well. I know you got 30 seconds here to go. That's good. So I wanted to point that out. That's awesome. Stay right there, folks. Tim and I are going to be coming right back and don't forget, you can get hold of Tim at www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com www.OdRD-Oracle.com and technicals. Sign up for Rocket Equities & Options report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN Educating Investors. 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? 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All right, so everybody, any questions on the S&P's? I think we get that pretty good right now. All right, let's go to chart number three. We showed this chart probably over the last couple of weeks. We showed the money out. The bottom window is the 18-day average of the up-down volume, and these are closed above minus 10 to get a buy signal. And the next higher window is the 18-day average of advanced decline percent for GDX, and needs to get above minus 10 for a buy signal. So both those things closed above release when I did this chart, and they're still above minus 10. So that's on a buy signal. And the blue areas over the last, I don't know, this goes back about a year or so, the blue areas show the times when both those indicators are above minus 10. And the red or the pink areas are the times when both indicators are below minus 10. Yes. So it shows you all the buy and sell signals over the last couple of, over the last several months. So anyhow, so this flip to a buy, and so this is kind of a short-term signal. And you know, so cool, folks, if you've been listening to Tim and I, the bottom line is that, you know, as Tim has been educating us, okay, the bottom line, you know, we've been watching this chart, he gave you the numbers, and we're here, which is so cool to him, it's amazing. Yeah, you're right, we're here. Although I wouldn't point out, I got a gap circled in there. Yes. And that sideways box going there, how big that gap was. Yes. And if you notice, it filled the gap, stopped almost exactly where the bottom of the gap was, and I thought that was kind of interesting, turned up. And then if we, you know, and if we, if we, if we look at that too, and do a Weikoff deal, that gap, you know, had 56 million shares, and we tested it on 18 million. How's that? Yeah, yeah, exactly right. So you tested a gap on lighter volume, so you had some clues, that gap was probably going to be important. To really get the confirmation though, you need everything to turn up. You know, it didn't get to the exact bottom, but you know, but when it does give signals, those signals are usually pretty good. Right, right, pretty cool. Yeah, so we hit the gap, we did it on lighter volume, and now both of those indicators above minus 10. So let's flip to chart two, and this is kind of. We're going to go to chart four, right? Oh, excuse me. Yeah, right, but I see chart two of gold. I get it, I get it. Okay, cool. Yeah, okay. Right. And you know, the top window is a cumulative up-down volume percent. And last time, or last Thursday, I think we showed this, and it was just right on that line. Yes. And, and so, so now you got, you finally got through that line, and I circled the ones in blue, and with blue lines when that signal occurred, and I circled it in red, when that cumulative up-down volume, actually the signal comes when you pass, when you close above the mid-Bollinger band. Okay. So go back to that first signal back in, what, November, I guess. Yeah. Can't read. So anyhow, it passed above the mid-Bollinger band, stayed on that signal until, looks like about April, mid-April, closed below the mid-Bollinger band. That's where that red line comes from. Yeah. And actually, if you notice, the market rally began in May, and that indicator didn't partly move if stayed below the mid-Bollinger band. Right now I was just speaking, just so they can see another one. You can see that, I mean, it's the size of folks. I mean, it was leaning on it yesterday, and today it's there, big time. Okay, go ahead then. What a trip. Yeah. So anyhow, so in May it did a double top on GDX. Yes. So if you notice that indicator, top one, and then, you know, never even closed above the mid-Bollinger band. So it stayed on the cell signal, even though the market went back and tested that high. So I thought that was an important issue. Yeah, that's really cool. Yeah, they're really cool. So it gave a buy signal in July and gave a cell signal end of July, first of August. And that trade looked like about a break even. You bought it pretty much closed. You bought it and sold about the same spot. So that's what, you know, not bad, I guess. You know, not all indicators are perfect, but this one's pretty good. Now you've got to close, you know, a different type of method, kind of using a similar indicator in a different way. Now you're closing above mid-Bollinger band. So that's a bullish signal. Yes. So now I'm going to look at it. They're piling up. Yeah, they're piling up. So this is pretty good. So now you want to look at the bigger time frame to see where you are. And so this next chart, which is chart number five. Okay. Now this is a monthly chart. Goes back, I don't know, 2007 or something. And so same type of indicator. It's the monthly cumulative advanced decline on the bottom window. Okay. And the top window is the monthly cumulative advanced up-down volume, both for GDX. Now the bottom window, I've marked all the signals going back as far as I could. Yes. And it basically got the top in big top back in 2012, gave a cell signal, and stayed on that cell signal to basically 2016. And that was a long time. I know, man. Yeah. But if you notice, if you look at the bottom window there, this indicator has kind of been going sideways since mid-2022. Yeah. And so to me, it's kind of a building a base. And are you above the mid-Bollinger band? Yeah, you're on it. Yeah. And so, but if you look at the timing of those previous signals all the way back to 2016, they usually about a year, a year and a half. Yes. You know, between all those signals, we're approaching from the last signal, you know, we're due for a signal right here because of the previous type signals, giving that signal about every year and a half. So you're due for a big signal right here right now.   You know, from the lows to the highs to where we were here. You know, that's that's intriguing also, right?  And you know, if it continues to give it up, well, you know, the metals want a higher price, man. So it's going to be intriguing watching this shake out. Yeah. Well, yeah, what's goes forward. And what does indicators do? I mean, they're advanced decline of the GDX and they're up down volume for GDX. Well, that's the whole interwining mechanisms of what the stocks are doing in GDX. Right. So this is, so this is really kind of gives you a real clear picture, not a false picture, but what is actually happening in the GDX, you know, the stocks in GDX. Exactly. So it's, yeah. So it's kind of an important indicator. So it doesn't, it's never, I don't know, I guess you can whip you around, but it's never really going to lie to you. Yeah. So I think that's what's kind of important on the GDX. Well, listen, Tim, it's always a pleasure. We really, you know, you know, appreciate the great education they've been giving us. And don't forget, folks, okay, he's on every Tuesday, Thursday. You want to see a trip, man, go back a few Tuesdays and Thursdays so you can see how this came up, okay, step by step. And the bottom line is that it's a stair step and it worked out like ASAP 100%. Tim, have a great one. Safe one. Look forward to speaking to Thursday. 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.  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When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pesevento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. 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. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. I'm Dau. Dau is up $286, Nasdaq's up $236, S&Ps are up $63. And don't forget, folks, tomorrow at 4-5, I'm going to be doing a subscriber workshop for the Gold Report subscribers. It's very easy to get into. You know, bottom line, Gold Report comes with a 30-day money-back guarantee also. I'm going to do it right after I'm going to finish the show and then go 4-5. So if you'd like to come into that workshop, come over, sign up for the Gold Report. If it works for you, great. If it doesn't work for you, the 29th day can the thing. Bottom line, you get the workshop, you get the Gold Report for a month. Bottom line, you know, you just heard Tim and I go through it.   This is a run, you know, it's set up, it's set up for a run, that's the bottom line. And in particular, here, I'll just show you this pot. This is the biggest pot that I think that, no, not that I think that, you know, yeah, well, it's always speculation. So if you look at the dollar, see what you're going to, when you see when you look at the dollar here, watch this. The dollar's still been at a downtrend and in a monster way here, it's pretty wild watching how this is shaken out. Pull this back for a second. You know, this is a monthly, so you can see that what we actually did on this dollar, when we go from the highs to the lows, you only did just, you didn't even do a .382 retracement from the last low. You did just over .232. So what's probably happening here is that the dollar's probably in a monster ABC down that will take it, not only my take right now, you're going to hear me saying that the dollar wants to go to 99, but the larger take, this dollar wants to go all the way down to 89. But if that's what we get, hold on for the ride, baby, because it's going to be a ride and a half. Always remember, folks, the bank and Chloe are hot out, the bull can run you over and thank God. There's always another trade. Health app is in prosperity. Have a great night, folks. Have a safe night. Come visit Tommy tomorrow morning. Kicks us off 9 a.m. Great show, folks. Look at him, folks.


Welcome everyone to the first-ever US user conference of Apache Flink sponsored by Data Artisans, the creators of Flink. The conference kicked off this morning with some very high-profile customer use cases including Netflix and Uber, which were quite impressive. We're on the ground at the Kabuki Hotel in San Francisco and our first guest is Dean Wampler, VP of fast data engineering at Lightbin. Welcome Dean. Thank you, good to see you again George. So, big picture context setting. Spark exploded on the scene, blew away the expectations even of their creators with the speed and the deeply integrated libraries and essentially replaced MapReduce really quickly. So, what is behind Flink's rapid adoption? Right, I think it's an interesting story and if you'd asked me a year ago I probably would have said, well I'm not sure we really need Flink. Spark seems to meet all our needs but I pretty quickly changed my mind as I got to know about Flink because it is a broad ecosystem, there's a wide variety of problems people are trying to solve and what Flink is doing very well is solving low latency streaming but still at scale like Spark, where Spark is still primarily a mini batch model so it has longer latency. And Flink has been on the cutting edge too of embracing some of the more advanced streaming scenarios like proper handling of late arrival of data, windowing semantics, things like this. So it's really filling an important niche but a fairly broad niche that people have and also not everybody needs that the full featured capabilities of Spark like you know batch analytics or whatever and so having one tool that's focused just on processing streams is often you know a good idea. So would that relate to like a smaller surface area to learn and to administer? I think it's a big part of it yeah it's I mean Spark is incredibly well engineered and works very well but it's a bigger system so there's going to be more to run and there is something very attractive about you know having a more focused tool that you know less things to break basically. So you mentioned sort of lower latency and a few fewer bells and whistles. Can you give us some examples of use cases where you wouldn't need perhaps all of the integrated libraries of Spark or the you know the big footprint that gives you all that resilience and you know the functional programming that lets you sort of recreate lineage. Tell us sort of how a customer who's approaching this should you know pick the trade-offs. Right well normally when you have a low latency problem it means you have less time to do works you tend to do simpler things in a time frame but just to give you a really interesting example I was talking with a development team in a bank recently that does you know credit card authorizations you know you click buy on a website and there's maybe a few hundred milliseconds when the users expecting a reply right but it turns out there's so many things going on in that loop you know from browser to servers and back that they only have about ten milliseconds when they get the data to make a decision about whether they this looks fraudulent or it looks legit and they make a decision so you know 10 milliseconds is fairly narrow that means you have to have your models already done and ready to go and and you know a quick way to actually apply them you know to take this data ask the model is this okay and get a response so a lot of it is kind of boiling down to that it's either I would say one of two things either I'm doing basic filtering transforming of data like your raw data coming into my environment or I have some maybe more sophisticated analytics that are running behind the scenes and then in real time so it's so to speak data is coming in and I'm asking questions against those models about this data okay authorizing credit cards so to recap the low latency means you have to have perhaps scored your models already okay so trained and scored in the background and then with this low latency solution you can look up key base look up I guess to an external store okay right so so how is light bend making making it simple to put what essentially has to be for any pipeline it appears multiple you know products together seamlessly that is the challenge so I mean it would be great if you could just deploy flink and that was the only thing you needed or Kafka or pick anyone up but of course in reality is we always have to integrate a bunch of tools together and it's that integration that's usually the hard part you know how do I know why this thing's misbehaving when maybe it's something upstream that's just behaving that sort of thing right so we've been surveying the landscape to understand you know first of all what are the tools that seem to be you know most mature most vibrant as a community that address the variety of scenarios people are trying to deal with you know some of which we just discussed and what are the kind of integration problems that you have to solve to make these you know reliable systems so we've been building a platform of the fast data platform that's approaching its first beta that is designed to help solve a lot of those problems for you so you can you know focus on your actual business problems and and from a customer point of view would you take end-to-end ownership of that solution so that if they chose you could manage it on on-prem or in the cloud and handle level 3 support across across the stack that's an interesting question we think eventually we'll get to that point of more of a service offering but right now most of the customers we're talking to are still more interested in managing things themselves but not having as much of the hassle of doing it themselves so what we're trying to balance is tooling that makes it easy to get started quickly and build applications but also leverages some of the modern like machine learning artificial intelligence stuff to automatically detect and correct for a lot of common problems and other you know management scenarios so at least it's not quite as you're on your own as it could be if you were just trying to glue everything together yourself so if I understand it sounds like the first stage in the journey is help me rationalize what I'm trying to get to work together on on-prem and part of that is using machine learning now as part of management and then over time this management gets better and better at root cause analysis and auto remediation yeah and then it can move into the cloud and these these disparate components become part of a single SAS solution under the management so looking out at the where all this intense interest is right now in IOT applications we know that we can't really go back to the cloud for send all the data back to the cloud and get an immediate answer and then drive an action yeah how do you see that shaping up in terms of you know what's on the edge and what's in the cloud yeah that's a really interesting question and there are some particular challenges because a lot of companies will migrate to the cloud in a piecemeal fashion so they've got a sort of a hybrid deployment scenario with things on-premise and in the cloud and so forth one of the things you mentioned that's pretty important is I've got all this data coming in how do I capture it reliably so tools like Kafka really good for that for Vega that Srikanth from EMC mentioned is sort of filling the same need that I need to capture stuff reliably serve downstream consumers make it easy to do analytics over this stream that looks a lot different than a traditional database where it's kind of data at rest it's not static but it's it's not like moving so that that's one of the things you have to do well and then figure out how to get that data to the right consumer and account for all of the latencies like if I needed that 10 millisecond credit card authorization but I had data split over my on-premise my cloud environment you know that would not work very well so there's a lot of that kind of architecture of data flows it becomes really important do you see light bend offering that management solution that enforces SLAs or do you see sourcing that technology from others and then integrating it tightly with the particular you know software building blocks that make up the pipeline it's a little both we're sort of in the early stages of building services along those lines and some of the technology we've had for a while our ACA middleware system and the streaming API on top of it would be really good for basing that kind of a platform that where you can think about SLA requirements and trading off you know performance or whatever versus you know getting things getting answers in a reasonable time good recovery and error scenarios stuff like that so it's all early days but we are we are thinking very hard about that problem because ultimately into the day that's what customers care about they don't care about Kafka versus Spark or whatever they just care about I've got data coming in I need an answer in 10 milliseconds or I lose money and that's the kind of things that they want you to solve for them so that's really what we have to focus on. So last question and before we have to go do you see potentially a scenario where there's one type of technology on the edge or many types and then something more dominant in the in the cloud where basically you do more training you know model training and out on the edge you do the low latency you know prediction predictions or prescriptions. That's pretty much the architecture that's emerged I'm gonna talk a little bit about this today in my talk where like we said earlier I may have a very short window in which I have to make a decision but it's based on a model that I've been building for a while and I can build in the background with you know where I have more tolerance for the time it takes. Up in the cloud. Actually this is kind of independent of deployment scenario but it could be both like that so you could have something that is closer to the consumer of the data maybe in the cloud and you know deployed you know in Europe for European customers but it might be working with systems back in the USA that are doing the heavy lifting of building these models and so forth. We live in such a world where you know you can put things where you want you can move things around you can glue things together and a lot of times it's just knowing what's the right combination of stuff. Alright Dean it's great to see you and to hear the story sounds compelling. Well thank you very much. So this is George Gilbert we are on the ground at Flink Forward data artisans user conference for the Flink product and we will be back after the short break.


There are quite a large number of numbers that I will provide, so I will have an overview on most of them, then of course I will make the slides available so that everyone can see the slides and if anyone has questions, specific questions on those slides please let me know and I can provide further explanation. So first one is no numbers of course is just to show where open source is today is really kind of the Swiss knife of software. There are many areas where open source is. In general we are about knowledge, innovation, open standards. We are part of open government and of course we are in the open business, open cloud and open content area so LibreOffice is quite pervasive in this sense. I have already shown these slides this morning and so I will not provide additional comments on this apart from the fact that the growth forecasted by analysts is actually encouraging for our project because we are in a market that is growing not two digits, one digit but is a very mature market so a very mature market still growing and with a very interesting figure of 32 billion, 31.3 billion dollars forecasted in 2025 which is not a lot of time from today. This is more or less the trend from analysts as you see is a flat trend but it's a plus five percent every year from 2021 to 2025. So again encouraging data and which show a positive outlook for our project and if we look at other data provided by analysts we see expected changes in software usage. We see that while proprietary software is decreasing, enterprise open source and community open source are increasing. We are both in the community open source and enterprise open source so again nice outlook for our market and for our project and again these numbers are from analysts. Let's say that data numbers behind these charts are not shared in public. Charts are shared in public as comments to analysts, articles or blogs so one of the things that is rather clear with open source is that is less expensive that software as a service. This is especially true if we look at software as a service provided by the proprietary world so provided for instance by Microsoft with Office 365. Of course we have a higher cost in the short term because of the migration cost and the migration cost change a little bit based on where you position the exit cost from the proprietary format. Actually the exit cost should be cost of the proprietary platform but of course there is no agreement on this point proprietary companies say that the exit cost from their lock-in is a cost of the migration and therefore these slides in specific shows the exit cost from the lock-in platform as cost of the open source platform which in my opinion is wrong so the first spike that you see would be lower. If we compare open source and proprietary software there are a few people that say that proprietary is better as you can see the only area where the proprietary is better than open source is in support and consulting services we try to to face this with our certification project and hopefully at least for LibreOffice we should have a better judgment or a better evaluation than this 36% of people that think that open source is better than proprietary software but of course this shows that support and consulting are probably a weakness of open source. If we look at the total cost of ownership, speed of development, quality of code, security, performance and stability you see that there is a global agreement about the advantages of open source and if you look at total cost of ownership is 25%, quality of code is 68% and security is 61% so when people tell you that open source is less secure, quality is not as good as show them these slides to these people. Open source again I've shown this this morning number from 2017 but we can say that these numbers have not changed the open source productivity has a 16% market share. If we look at planning to use it should be 18% but let's be conservative and say that is still 16% in that 16% of course there is not just LibreOffice but if we listen to what Microsoft has told us these are words so unfortunately there's nothing written but I don't think that we will get such a comment from Microsoft in writing but Microsoft has told us in why talking to them that LibreOffice is one of the is the most requested open source software by Windows 10 users and this is one of the reasons why Microsoft wants LibreOffice to be in their next generation of of Windows Store which will be announced soon and it's going to be the Windows 11 store which is the usage of open source suite in by company size. We see that 17% is for small companies but in some European areas 1 to 100 it's not just a small company in some cases it's also a medium-sized company if we think at low labor intensive markets. 16% by medium-sized companies and 12% by large companies as you see definitely higher than than Apple I work and comparable in general at Google offering of course Microsoft is on a different scale but I think that Microsoft is on a different scale not just because it's Microsoft and the investment on the product but also because the history behind Microsoft Office which says that Microsoft Office is there as an office suite since we could say almost forever and at least for the last 30 years so of course Microsoft in addition to investment advertising lobbying us also the habit of people in that push their market share and now some numbers about LibreOffice these are the commits in 2021 year to date it's mid-September of course this is just a trend week by week of the commits if we look at the commits by organization these are the numbers unknown are volunteers it's of course it's difficult to attribute a name to people to volunteers so as the slide is based on organization name of course volunteers organizations are unknown and therefore you find unknown in two different points in in this slide what you can see is that volunteers are a very important percentage and then there are uh Collabora Red Hat TDF and Allotropia Allotropia is growing as you've heard from Tost and is a very young company and then we have for instance NIS said is the Hungarian group of people working for especially in the interoperability area and providing patches in the interoperability area they are government Hungarian government employees it's the diversity is important and I think we are confirming this diversity quarter after quarter web like web late contributions so we have started recently we have added the web late to our dashboard so these are web late contributions what is important is that on web late there is a large number of contributors and is growing because we have migrated our tool recently and the web and we can monitor web late while it was not possible to monitor the previous tool as it is with web late we with time going by we will be able to provide more numbers about web late contributions at the moment what you can see is that we have a regular amount of contributors every week this is bugzilla so this is the situation about bugzilla issues by status we have a number of of solved resolved bugs the green one then we have the unconfirmed which means that they are not triaged and then you see bugs that need info they have to be verified and so on it's very important to keep this curve under control and as you see from this this chart we are managing thanks to our q&a volunteers we are managing this task this is ask LibreOffice of course the moment to now we are using this course and not ask us in the previous but previous historical situation but we have the the the panel is showing the trend from for this we have a number of number of questions and a very and a comparable number of answers and some comments so what we can say is that on average what is asked is also answered in hopefully in in a satisfactory way for for the user of course the number of issues potential issues with the LibreOffice in in term of the wideness of usage is incredible if you think that we a productivity suite like LibreOffice is used in potentially every industry in every environment and by every class of users from the new user to the sophisticated user LibreOffice community in the last five years I've already shown this morning a rather steady number of contributors of course with some fluctuation which are seasonal but what is important is that the the number of core and regular is rather stable over time this is last five years and now about donations it's updated up to August as you see we we introduced the banner showing every 180 days and asking for donations in September 2019 you see the difference we the the number of donations increased by at least by 30 percent 30 percent on average and in addition we had the the influx of the lockdown because LibreOffice with the lockdown was downloaded and used by an increasing number of people so donations per quarter the first quarter is traditionally the the traditionally the the the second quarter sorry it's traditionally a lower one but as you see we have a fluctuation and during the last two years the quarters have increased dramatically over the previous years these are monthly donation the the the trend of monthly donations as you see in 2021 2020 was the best year ever 2021 is more or less aligned we have some months which are better some months which are lower but in at the end the numbers are comparable let's see what happens in the next few months but we can anticipate that this year will be a good year for donations these are the numbers for PayPal the one time versus recurring just notice that in September 2019 recurring were 26 percent and in August 21 they are 44 percent of course the amount is lower because the recurring donations are usually tiny amounts but what is important is that they there is a constant flow of donations based on recurring donation which is very important for the stability of the project and this is stripes or credit cards again 16 percent in 20 in early 2020 to 36 percent in august 21 so an increase in this case and an increase in the amount also this is in euro if we look at the number of recurring donations this is PayPal plus Stripe so PayPal plus credit cards you see that we have a regular increase of the number and this is the amounts of course the amounts do not correspond to the number because donations one donation can be one dollar and the other one can be ten dollars so these are the recurring total recurring amounts PayPal and Stripe and these are the total donation amount so these are donation amounts at the end of each month as you see for the last two years we have always with the exception of one month we have always been over 80 000 euro per month and in some cases over 100 000 euro per month which provides the project stability and by the way all these data are published regularly our ledgers are regularly published on the website these are downloads so downloads in 2020 and downloads in 2021 we are ahead about one million downloads 2020 was our best download year ever and so we probably end 2021 one or two million above 2020 these are downloads per month in 2021 and these are downloads versus donations in 2021 so you see in some cases especially when we have announcements we have a spike of donations which in some cases it makes donations go over downloads in terms of proportion like it happened for the announcement of 7.1 but also the announcement of 7.2 created a spike in general the person we have one donation every 300 downloads which is could be better but it's not a bad number and this is 2021 downloads LibreOffice versus Apache OpenOffice so we apart from one week where we were really close LibreOffice is always ahead significantly ahead of OpenOffice so we probably we will end up the year with a weekly number of downloads which is more than double than Apache OpenOffice which unfortunately gets still a very large number of downloads but at the moment we are significantly ahead and now let's talk about the the marketing plan and the activities that are related to the marketing plan so we we have I have announced and we have now a LibreOffice ecosystem logo that is something which will allow us to for instance to add or create something for partners of the ecosystem companies to show to the outside world the reach of LibreOffice we have companies which are either advisory board member or they are active in the ecosystem but there are companies and I can make for instance the example of NextCloud NextCloud is not an ecosystem company is not a partner of LibreOffice but is a partner of Collabora so I think we can we can have these companies listed somewhere as partner of our ecosystem companies to to show that LibreOffice is a lot more pervasive than it's then it's physical or virtual presence. Another idea is to create a specific certification for partners and these are still to be discussed but of course is something which can further expand the LibreOffice awareness in the market. An activity that we should work is to get testimonials and case studies it's it's not an easy task for some strange reasons many companies do not want to be mentioned or featured as using a software or an hardware but we can probably convince them to to help us we should have a better representation of where LibreOffice is used with examples and once we have more of this we can definitely work with join up the European Union newsletter to have testimonials and case studies listed on the open source European website. We also are we have already started with a grant but we will increase our work with the location organization we have a program in place which are university ambassadors that unfortunately was postponed because of the pandemic but we will definitely start to read start to get back in touch with universities after the conference the next university semester starts probably in a few days and if students are able to get back into university physically back into university they will also be able to work with their peers on a program to increase the usage and awareness of LibreOffice in the university so LibreOffice has advantages under the the educational point of view because it's not profiling students is not stealing data without telling the user so there is an advantage but on the other hand there is also the need to explain this advantage and to make this advantage more popular in the educational organization. Similar in NGOs Microsoft gives NGO basically the product for free the reality is that we are a charity so we share the value of most NGOs and therefore we should be appealing to NGOs if only they knew more about LibreOffice we need to make a dent into the NGO market and explain to NGOs that if they support LibreOffice they will also support the NGO idea and ethical objectives in general more than what they do if they use the Libre the Microsoft Office project so in in Africa there are NGOs which collect pieces and give them for free to people or to local organization in many cases they install pirated version of software because in many cases they ignore open source software so we should reach to these NGOs actually the first person with LibreOffice certification so with the non-professional certification is an American living in Eswatini. Eswatini is a country inside South Africa is an enclave an enclave country in South Africa used to be called in a different way or Swaziland but because of their languages is called Eswatini now and he is exactly doing this so he is installing LibreOffice on pieces that are given for free to local schools and local organization we can leverage work from home numbers say that with the lockdown more people have downloaded LibreOffice so we we should make these people aware of the advantages of LibreOffice at the moment many of these people have downloaded LibreOffice just because it was free and this is okay but on the other end we should make a better job in informing these people about five format availability in different languages which is good for education for instance people in Eswatini was installing LibreOffice in English just because they ignored that LibreOffice was available in their native language so now they are installing LibreOffice in both languages so people are installing the two version they have they find LibreOffice in two version on on their PCs this is another opportunity that we have in term of marketing and now LibreOffice technology we have created guidelines for the use of LibreOffice community which is the name of the software today LibreOffice technology and LibreOffice enterprise we we are updating TDF policies to include those brand names and we have just announced the LibreOffice technology logo so this is important that we as community members start to use these assets because this will allow us to communicate in a better and more coordinated way in the future the the same happens to for the LibreOffice ecosystem logos we will start working with ecosystem members to to foster the usage of that logo and also with certified people because once you get certified you start you have the opportunity of becoming a member of the ecosystem and therefore that is something that we would like people to leverage the opportunity of being a member of the LibreOffice ecosystem and supporting LibreOffice not only in their daily activity but also during their free time as LibreOffice advocates about the LibreOffice community and the new name and the change name of the software I hope you have you have seen that we have improved the download page we have added an enterprise users click here button and just because there is that button we the number of people visiting the the LibreOffice for business page has probably increased by a factor of 10 and we still do not have enough the still we don't have enough numbers to say that also the number of enterprises that have started to contribute to the project in some way has increased with the same percentage with would find fantastic but in any case we we have started to segment better the users we in the future we will work to make a better description of what we intend for support so what we intend for community support and what we intend for enterprise support of course many many enterprises still think that as it is community supported they can leverage volunteers time in any way we should be clear with them of course we are happy to provide help for a specific technical question but if the issue is a bigger one if the issue is related to a feature a missing feature or a feature that has to be tweaked is not by addressing or by asking repeatedly to volunteers that you are going to get your problem solved in that case you should use a different approach to get the support and then you because of the level of support you need you will also start have to start thinking about paying for that support because it's basically impossible to give you that level of support for free especially if that level of support is not something that uh us for several hours of activity or work in terms of liberal free enterprise we have registered the business domains at the moment they are just redirections but we are in the process of because we are in the process of reviewing the LibreOffice website so once the LibreOffice website look and feel new look and feel will be consolidated we will have people we will have people working at adding contents to these business domains we have started to add in announcement also mention of enterprise version and also mentions of professional support available professional support also available for migrations and trainings we have created a LibreOffice Enterprise page we still don't have enough people subscribed to that page so I invite all the people that have an interest in supporting LibreOffice and supporting the ecosystem to log in to LinkedIn and subscribe to that page it is important LinkedIn is becoming more and more a resource for business communication so it is important we have already published a couple of blog posts about the importance of being on LinkedIn and about the importance of educating people to to support LibreOffice and the document foundation of LinkedIn because this the more supporters as a page the more posts are shared on that page the more that page we it's going to be visible to to people that is visiting LinkedIn to get business information and also we have developed a guide for the use of LibreOffice Enterprise product tag all these documents are on next cloud I've also created several slide decks I'm adding notes to them unfortunately I made a wrong estimate at first about the time needed to add these notes so there there's still a number of slide decks which are uncommented but I will I promise I will add the comments as soon as possible and share them on next cloud and I will also record a reference video for each slide deck so that people can see how each slide deck can be used for presentations we've announced the the new certification program so there is a there will be a basic an online training classes for certification to access the LibreOffice certified entry level we will create this is still we we avoided to have too many logos in development but now it's the time to have a LibreOffice certified logo that can be used by certified professional and we will also start developing a marketing program for LibreOffice certification as you see we will start working as we have announced we will start working with LPI and LPI will definitely help us in increasing the outreach potential of the LibreOffice certification and now some new initiatives about LibreOffice technology and about the marketing plan so we will work with developers to create some technical articles to cover the technology behind LibreOffice we now have the the the basic skill to produce interviews internally so maybe this will be video interviews it's important to provide this material to the outside world to explain the advantages of LibreOffice so there will be articles there will be interviews we will also work more closely to the ODF technical committee members because we need to provide regular updates about the open document formats so also in this area we will do some activities to help and to to reinforce the concept of LibreOffice technology about the community community enterprise support i've already anticipated this we need to make it clear that volunteer support is not a service is not based on any service level agreement while professional provides support based on service level agreement we have to make absolutely clear where the volunteer support ends and the professional support starts because this is probably one area where we have not been very good at communicating in the past about storytelling LibreOffice we have a treasure which is the LibreOffice brand awareness and the the research the research about the the level of trust in brands that has been performed by Edelman Edelman is the largest PR agency in the world shows that the value of the brand has increased during the the lockdown so the value of LibreOffice has increased in terms of of course it's not a it's not a value that can measure in terms of economical value is an asset that is not monetary not economic but is an incredibly important asset so we have to invest on this asset especially because LibreOffice has the ethical value which has increased a lot during the lockdown and so we will work on this subject and we will develop specific slide decks to to leverage this opportunity we will develop as I said a logo for certification and we will interview certified professionals and we will start publishing blog posts with tips and tricks provided by certified professionals during certification reviews we have talked with people that have their own tricks for to to to teach LibreOffice to use during migration and it would be really nice to share with these tricks with the community because these are these are tricks which can improve the value of each certified person can and by sharing this knowledge we can all benefit in general about having a better certification and more competent people providing certification the last thing of course the the marketing plan was about the sustainability of free open source software I have tried to involve all the people that have written about forced sustainability during the last 10 years but unfortunately only three of them have answered to my request so I will start working with these three people and hopefully working with these three people will convince the other to contribute as well it is important sustainability of open source project is something which is key for LibreOffice as much as is key for other open source software so we should invest in this area and I think we have the opportunity of becoming the leading force behind the the forced the forced sustainability communication that's all in terms of the project the status of the project and the status of the marketing project the marketing plan thank you for listening sorry for being late but I was able to stay within my time even if I started late


Okay, very good morning Thursday the 6th of May. Hope you're doing well and a quick wrap-up of what happened last night The Asia-Pac session some movement in the Aussie on some Chinese comments to be aware of and then look ahead for the day Bank of England meeting of course and Disprospect of tapering what might that mean for the pound and then also going to look at the the kind of afternoon ahead Do you have got things like US jobless claims? We've got the Scottish and UK local elections happening. Are they important? Are they not so a couple things for us to discuss? But let's just start as we normally do with the charts and turns to the clothes on Wall Street A little bit mixed once again the doubt up about three tenths Comparative to the Nasdaq tech suffering again yesterday. So we continue to kind of seesaw the Nasdaq 100 futures down about three tenths one percent the S&P broadly flat So let's kick it off there and look briefly at the charts in the stock in this index futures In the S&P, you know, we were looking at this yesterday The respect of that trend line that we had had going back to on the middle of April at that level at around 41 67 continues to remain one of Significance for the moment in terms of short-term market direction at the moment We're consolidating beneath that line And also finding a bit of resistance here near term on the pick up as European traders come in at a pivot level So between that area on the upside 67 and the low seen during Asia pack trading hours down at 41 51 So we did trade a little heavy at around 3 a.m.. Overnight. I'll talk about that in a moment But the Australian Chinese rift picking up a bit of further intensity that did weaken Australian stocks and the Aussie dollar overnight Which will review in a moment But that move very short-lived as it has been in the Australian products as well The NASDAQ has been the general under performer of the week So let's just have a look at how things are looking there and again that key level We've been having a look at overall comes in at around 13 650 as you can see here from a technical point of view being in play really through April May The market did come up Actually at the cash equity opened yesterday at that level, but as you can see from that wick quite extreme volatility there So even though technically that look good for obviously the retest back up to these levels here for The kind of test and then for the short entry back down using that key level As the the top of that recovery move seen yesterday very difficult I think we actually in actuality get hold of given how whipping the market was at the point of where the potential entry would have had to been But nonetheless, you know, there's a stop-loss region Just above and running it down on the on a daily price activity Looking to target back down to those previous lows and coming out would have offered a degree of a fairly decent risk reward on that trade So and as that we continue to keep an eye on I get it has kind of struggled so far this week with the general kind of value versus growth Play that we've seen otherwise elsewhere In the major currency markets in terms of the Dixie this morning That's trading pretty much flat in terms of Euro dollar the one technically that we were keeping an eye on yesterday was Here which was that kind of run-through on the trend line and then that horizontal support area going back to Resistance in mid-April and support seen on the 22nd The trend line as well as being well respected yesterday And we were kind of squeezing down into that price point around a 120 handle But we have now traded above there As of late US trading hours, and we've used that area now as a bit of a linchpin for support and Although I was feeling a little bit more bearish the continuation of that trend We have seen a decent move back here And so we're now on the the flip side of that trend line Which might help support that price going forward now an important level here for the euro and obviously mirrored in regard to the The dollar index as well and some of its recovery. We've been seeing of that April sell-off So as long as that level holds might well provide a decent floor of support there for for euro dollars a pair It turns a cable obviously much waiting for the Bank of England now to to come out a bit later As far as sterling is concerned for the time being as you can see here in a bit of a consolidation phase at the moment it doesn't really Striking me is particularly interesting right now until we hear from the Bank of England Which I'll I'll talk about in in a moment Gold in the commodity space and then a quick look at oil Again, just kind of pinching the chart a little bit to look at a broader range You know we've kind of gone in these these sections here of consolidation at the beginning of April a break up Consolidation here for between 1763 to the 1800 upside has been really capping price We're trading it around the R1 at the moment on the up tick grab about eight and a half dollars already in The yellow metal in the future space so on the upside just be keeping an eye on that Range high and 1800 psychologically, which has been a good level of resistance so far Which would be about seven bucks above the current price And then with oil Quick look here Kind of explaining the the story of what we've had this was Tuesday's price action Restricted around 6583 and then the API inventories came out, which was bullish report drawdown of Ground seven and a half million prices popped higher We had a slightly deeper draw in fact with the DOE's but obviously largely priced in given the Kind of pre-positioning built on those expectations from the bullish API is so fails We really get our heads above 66 62 but despite the brief look up and around yesterday's R1 level and we just kind of faded that move and now finding some some good support down seen around the 65 handle Which was the low scene on Tuesday yesterday and in the overnight age of pack session So as far as the set up as the charts concerned at the moment We're exactly back to where we were on Tuesday at that resistance point and So 6583 to 65 it was really the range that we're looking at now at WTI for the moment So really I'd want to see these areas perhaps respected for the moment Either playing that range Accordingly or looking for the break pullback and then the kind of classic entry to then follow the prevailing Kind of range move which has been 65 to 66 62 for the moment But without not expecting any real OPEC or or energy specific catalysts at this point in time And so I'd be looking at a range there for for the time being Quick look then at some of the headlines and things to be aware of I did talk about Australia briefly So let's just quickly have a look at that Hong Kong equities were generally higher overnight and Japan actually led the region's gains Remember they were coming back from a holiday being off the first half of the week in less Japan and China Shares in Australia. They did come under pressure Chinese officials Announced a formal suspension of the economic dialogue with Australia now. This has been going on a long time However, as far as the Australian dollar and their local market is concerned, obviously China is the strategically important trade partner So deepening rift between the two nations really doesn't bode well for for the Australian economy But this has been going on a long time So a couple things here then and just really that main reason is we we came down quite sharply in the overnight session However, we've already reversed pretty much three quarters of that move And I think it really is down to the fact that this is just the next kind of evolution of that rift Rather than something particularly shocking or new in that respect So for the moment market a little bit spooked overnight just generally overnight The liquidity volume is quite thin tends to exacerbate the move things have steadied kind of since just having a look at the Aussie Aussie dollar here on a slightly higher time frame for the moment We are still respecting what really is a range between 77 at the lows You can see being in play the last four weeks or so To the high that we've seen overnight around 77 59 so right now doesn't seem particularly interesting But if we get about 15 pips higher, I'd be interested to see if we respect that that overnight session high or not Preferring the kind of quality of the the bottom end of that range Given the respect that it's seen in multiple occasions on the 77 and psychological handle rather than perhaps the short upper 77 59 If you're looking on the range trade So that that was the Aussie situation overnight and then Let's have a look at the the Bank of England that's obviously quite a main talking point of today and Bank of England watchers look for signs of tightening ahead And so what we're basically looking at with this meeting today is focus is going to very much fall on the monetary policy committee opting to slow potentially guilt purchases from their current rate of 4.4 billion pounds a week to allow Purchases under their asset purchase Facility to run basically rather than wrapping up in October early November to the end of the year Now again, this would be tantamount to tapering and I think that Kind of word has almost negative Connotations for as far as market reaction to concerned the Bank of Canada will also saw a big pop in the CAD currency after They decided to taper I do not think that that would be the same case here for the Bank of England And that's mainly down to the fact that the bank has Explicitly said that a taper is likely and so much of the kind of mainstream Expectation here is that that will happen. So it's more about not so much We're drawing stimulus rather than just tweaking it. Let's just slow down the purchases And let's just draw it all out to the end of the year so that there's it's active for a little longer But we're just kind of using yes less force in the volume of what we're buying So in this sense, it's more of a tweak to the taper I would say to that respect as far as policy is concerned for interest rates in the actual QE program size They're going to be unchanged. That will be unanimous The other thing though that this particular meeting is the alternate ones where we get the latest monetary policy report Forecasts, this is when they tell us about what they think about the two-year horizon on growth unemployment these types of metrics And if you think about the last time this report was released was back in February We've had quite a strong improvement in terms of continuation of the vaccination rollout this has led to then an adherence to the proposed and Sticking to the government's roadmap for the reopening of the economy all going ahead so far touch word is planned and So as far as these projections are concerned, we're probably going to get a GDP upgrade you're probably going to see things like in terms of unemployment will likely reflect a lower a lower peak in the Kind of post-crisis pandemic employment figure So things basically reflecting a better situation than where we were just a few months ago The new ones there as far as the sterling reaction might be concerned will be about well, how aggressive are those projection changes? You know how bullish are they about the growth pickup going forward through the reopening? particularly as we go through May June, which is the kind of the main sequence of then ending the lockdown that's been in place and Then what does that look like in the future? On the inflation side of things not looking for too much material change there But obviously inflation as much as seen across the world seem to be picking up in the in the coming months so again Bank of England midday will look out for that an initial announcement and then there's going to be the Virtual kind of conference with with Bailey that will kick off an hour after 1 p.m And so yeah, I'll be on the live feed to go through that with you guys And then as far as the calendar is concerned, what else is there today? Pretty quiet morning. In fact the one thing I just one shot. I did want to have a quick look at was was the Dax and we've just obviously gone through the What we're going through the urex open and futures trade So Deutsche Bors not open yet, but we will open I'm filming this just through 7 a.m. I was just going to have a look on the daily chart on the Dax What I thought was quite interesting yesterday And a few different points here for one a trend line from late October the retest in late Feb And the respect that we've had earlier this week when equity markets globally just came under a bit of pressure back on on Tuesday's session and We've just seen a good respect of that We'd be back above that colored rectangle, which I think was a key area Which helped add weight to the sell-off that we had on the force And so now I'll be looking for perhaps a decent amount of support here and having pushed firmly back through that in yesterday's session But on the upside here on the recovery you can see this 21 DMA They've really capped some of the price activity in facts over this week So Monday and Tuesday and if you to pop a horizontal line there That also was an area of support to price through the week prior to that or last week And so on the daily chart I think the the Dax just to be aware of on this ongoing recovery could find a bit of resistance up at that level The 21 DMA has been relatively good actually over the period of the last month or so having acted as a nice support With that that horizontal technical support as well at 14406 on the prior occasion but as it so Otherwise the final thing to mention is just about on the calendar What's happening this afternoon? You do have the US jobless claims, so expected at 540 so continue to show generally an improving situation on the employment side in the US Having decreased now for a couple of weeks down to around the mid-550s So not expecting a great deal of market reaction to that to be quite honest And then the other thing is we do have the UK local elections I would say with that definitely much more of the media the market focused would not be anticipating any type of Sterling reaction on the back of that event Definitely much more Bank of England focus, and then you also have the Scottish election Where a lot of the focus there Will center around the composition of lawmakers and specifically then how that composition favours a potential new push For a vote of independence now ING analysts have suggested the impact on the pound would be very limited Given regardless of the result they do not expect an imminent vote and in fact a vote on independence if they should so Want that to happen will not happen for a number of years, so it's not a near-term threat at this point But will be no doubt quite a talking point to be aware of speaker wise to wrap it up You do have aside from Bailey speaking in the post kind of statement from the Bank of England You've got one Fed speaker of note, which is Williams who is a voter speaking at 2 p.m. London time interestingly yesterday had a whole slew of speakers from the Fed and That's quite normal in terms of reaction functions They try to manage and reassure markets given the yelling kind of wobble that we saw on the prior day Where she was talking about potentially higher rates in those comments that she walked back and so today You know Simon Williams do also get non-voting members Kaplan and Mester speaking and from the ECB The Gwendoz 1130 in Schnabel at 2 15 so all those speakers centered in the afternoon US session Okay, that is it gonna leave it there let you guys get on if you are watching this and YouTube you've made it to the end Well done, and I hope it was useful. Don't forget to like and subscribe to the video. It'd be much appreciated All right. Have a good day guys