testers. 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 Alan Homassassa. Hey Al, what's going on? Isn't it wonderful? This gentleman here with the Gold Report right before the market fell apart ended up with PAAS. We have a 98% gain in the year and I mean we're 99% proof like Irish Whiskey but we had a good game there. He always told us to do what we feel comfortable with and I lose a little bit of money on the table I will but I know that I just pocketed eight or nine thousand dollars in two weeks. That's a beautiful thing man. Now Tom O'Brien. 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. Hope everyone's having a great day, safe day, it's making a great week folks. Always do your best. Express your own divinity. You don't need the acceptance of others, you don't need knowledge, a great philosophy of concepts. You have the right to be you and express your own divinity by being alive, loving yourself and loving others. Mugger eyes! Let's take a look at it out here. We have the Dow Industries up eight Nasdaq up five, S&P's down two and a half, Gold contract up five dollars ten cents, trade at two thousand five an ounce. We have Silver up forty one cents, twenty four dollars, ninety cents an ounce, a light sweet crude. Where are you? Up a dollar thirty one, eighty one dollars eighty nine cents a barrel. Copper's on the move up here, it's up eight and a half pennies, trading out at four oh one a pound, notes and bonds. So ten year note, up four ticks, trading one eleven fifteen, the thirty year up ten at one twenty four eighteen and King Dollar. King Dollar right now trading up two hundred and twenty six ticks at one oh one eight forty eight, euros one oh nine, yen is at one forty two and the British Pounds at one twenty eight to one US dollar. Our phone number is eight seven seven, nine two seven six six four eight. Give us a call folks. One note's going on in your world and the world of the S&P's, let's take a look at them. What do you have? Well, you get the beginning of window dressing, you get a sideways move out here, you get summer trading, you know, long, long, long weekends, that's for sure. You get thirty three million shares traded, you get the S&P, the spy down twenty three cents, you're trading out at four fifty six seventy and I expect that we're going to have a sideways move right into the close folks. We're going to take a look at the futures and we have in the futures, it's the same kind of indication. So if we take a look at the futures, what you're going to see the biggest bar that we actually had, take a look at this baby. So yeah, you had the big bar right at the open. When we took the second bar, you know, that bar at the forty five ninety five, you know, forty five ninety nine, you know, has some juice in it. Okay, so we'll see what happens with this bar right here. Let's see. Well, a new bar is going to start right now because they just took it down and priced a bit. So it looks like it's going to go after that.  But regardless, I don't, you know, yeah, maybe it'd be down five point seven points in the S&P. You know, nothing real heavy here because what's holding this up is if you really go back a few more days, there's plenty of support up at this level, even though we're at highs. We go into the cues, take a look at the cues. The cues are set up the same way. Bottom line is that, you know, you get sideways moving the cues. You're down forty seven cents. You get thirty four million shares traded. If we go into the end cues and we take a look at the end cues, there we go. So we take a look at the end cues. You're going to see the same setup. You know, the big bar that we had this morning, that's where the volume was. That was twenty eight thousand contracts. When we came down the second time, you only came down with ten. That's how dramatic it was. So we'll see how this shakes out here. It's going to, it's going to go, it's going to try to go after the bar that we had like at thirteen hundred dollars one o'clock this afternoon. It's going to go after that. We'll see if we get an expansion of volume. In fact, as we're speaking, as I'm speaking right now, it's going after it right now. Gold. We take a look at the gold contract. Gold contract right now trading up five thirty. Now, what's interesting, you know, of course, Mondays I do the gold report folks, right?  But that being said, guess what? It wants to go test this low of last week first. And that's nineteen eighty one because when you take a look at whether it's the XAU, the HUI, they're all basically, you know, they were coming into this strength, but yet the volume was still a bit too high. So it's like, you know what? This thing is going to try to get into this area again. I'll bring one. I'll bring the XAU up right now so you can see what I'm talking about. If you take a look at this, we put this. So the XAU is up three thirty one today. You know, we had come down with eighty twenty seven million. You were going into twenty six million. I won't get the volumes till later today, but it's like volume out here right now. You know, so on a short term basis, I think we're still a little consolidation here. And with the culprits going to be more than likely is this good old dollar. Because if you take a look at the dollar, what you're going to see here is that, you know, that dollar rejected lower price when when it broke. It's about that one. It got out of the range. So it came back inside the range. Your first swing point is up at this one or three five hundred. And then if you go to the U. U. P., which is the closest thing I can get to with volume on the dollar, what you're going to see is that, you know, we took that out with volume. We think, you know, we did three million versus one three point three point one million versus three point five one point five three point one versus one three point five. That's saying that also wants to get up to that higher level. So I suspect that's where we're going. If we go take a look at the note and bond market out here, the 10 year note first, the 10 year note we're up four ticks. This thing's been moving all over the place, you know, and this is going to have to build cars now to get the higher price. Because when we came down last week, it came down with volume. We just came down with some volume.  We had come down with two point two million contracts. You know, as long as you stay above the one ten twenty seven, you know, you're in the higher range, but we're just barely above it. So I suspect we're going to be seeing some more sideways movements and building cars movement in order to get to higher price. That's how this baby is setting up right now. Some of the inside the NDX 100, the strength versus the weakness inside the NDX, you got CrowdStrike up four four percent, Datadog up four percent, Adobe up three point three taken away from it. Dexcom off five and a half percent. They got Intel off two point three, you got team mobile down two point one inside the dial industrials. Point wise out here inside the dial industrials what we have, you get Chevron putting 30 positive points United Health 24, Caterpillar 21, American Express 20 taken away from it. You got J&J minus 45, Microsoft minus 24, MGen minus 16. Stay right there folks. Come back with our man Mr. Steve Rhodes. We have the dial. The dial industrials right now is down one and as that is flat, S&P's are down three and a half. We'll come right back. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex stocks and options. Teddy releases his weekly Tiger Forex Report every Monday morning with coverage of all the major currency pairs including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar Yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously. 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Expect notifications from Larry on market movement you need to act on at any time. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today, TFNN.com, educating investors. Welcome back folks to Dow. The Dow industry is up three and has a cup one. S&P is off three and a half. Let's get over to our mam. It's Steve Rose as we do each and every Monday at 20 past the hour. And don't forget folks Steve has an outstanding newsletter, Mastering Probability. It's very easy to get. Come over to our website at TFNN. You're going to go into newsletters. You're going to see it right on the right hand side. You can get Mastering Probability 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 folks for $1195 which is a savings of $593 of 33%. They all come with a 30-day money back guarantee folks. So you can get the newsletter. Steve has a huge amount of archives. He has a huge amount of tools that you get to take a look at. It can use, understand, great value. Steve Rose what's going on? Well you know you were talking about the the markets obviously and one of the things that you and I we don't overlook but it's not necessarily our primary focus is the Russell 2000. So I just as you were going through the charts in the summertime I was putting I put the charts for the IWM up on my screen which we're showing right now and the interesting thing so you mentioned a couple of the different tools and the patterns that I teach subscribers. One of those patterns is the TD9 count pattern and in the case of the IWM we take a look at the ETF it actually formed it confirmed that pattern on the trading day of July 20th. Now what that did was that established a resistance zone which is the high from July 19th. That's out at the 196-94 level. Now we're trading above that right now and it appears that we're going to negate that pattern as well as a couple of days ago on Thursday there's another pattern I teach called the Rhodes momentum pattern. It helps us to identify tops and bottoms and in this case here the IWM formed that pattern the Rhodes momentum indicator pattern on July 27th last Thursday. Now prices trading above both of those highs. Now even though folks price even though it generated those topping signals what price never did in the IWM was break support and here in the case of support Tom we're not even talking about the lowest level because one of those tools that I use for support are those TAS market profiles prices above the top of the profile. Yes we tested it on that day on last Thursday when that we had that big swoosh to the downside all price did was test the top of that profile. So the overall signal for the last few days says because price never broke through support was more of a neutral type signal but that's not what we have today. If we get a close above and I use this high here from Thursday if we get a close above wine 9763 this says that that pattern gets negated and it should continue to move higher the IWM when I look at the weekly chart out here I've got a weekly A to B equal CD pattern that could take us up into the 201 area on a monthly basis prices above another tool that I teach is the oscillator and change line prices trading above a green oscillator and change line here on the monthly base we're going to get a close above the top of its profile. The charts for the IWM Tom no matter how I look at them they're bullish especially today with with price taking out that prior set of tops and that's a long base man I mean if they can take that base out that's a long I get the weekly up right now myself and that's we can take that out that's a long base. Yeah there's no doubt when you really widen that chart out you can see that consolidation like man right that's what you know that's in the face of rising interest rates right which would impact the the small caps more than you know impacts everybody but certainly the small caps you would think would be the biggest oh yeah well it can be indicating that we're getting close to the end too it doesn't have to be a pullback but you know and the interest rates but could you know indicate that we're getting close to the end so absolutely absolutely so you know oftentimes you and I we discussed the seasonal cycle patterns for the indices as you know I've got this tool provided by the folks over at Seasdeck so it allows us to take a look at the seasonal cycles and what I've got up on my screen right now is the Nasdaq 100 and I'm just looking at the last 10 years so we take a look at the last decade the NDX 100 on average is topped out around August 13th so two weeks from today so we're still in the favorable seasonal cycle we're at the end of the month you talked about window dressing and this rally on average is suggesting to at least based on this seasonal time frame that we could rally for another couple of weeks out there so something for everybody to take into consideration this is the seasonal pattern for the NDX 100 over the last 25 years so we take a look at the last 25 years it says something different it says that we should have formed a top um a little while ago and the NDX 100 um actually formed a road momentum indicator top similar to what we were looking at in the IWM on July 20th that is still in effect and it won't get negated until we see it close about 15 9 30 205 so which pattern is it is it the one for 25 years that showed the top um you know a few weeks ago or is it the one that is on a 10-year program and I don't know the answer to that but if we take a look at the daily weekly charts for the NDX 100 and the NQ what people will see here is both the daily and the weekly charts for both of these instruments so in the case of the NQ on the daily basis and the NDX 100 we see that roads momentum indicator top and it's shown by these black diagonal lines Tom that automatically get drawn when it drawn when it meets the conditions that I'm looking for and that way you don't have to do I don't have to do any work I just have to be aware of the pattern just by getting a pattern though doesn't mean that's a top or a bottom the way that my patterns confirm themselves is the market speaks to us in bullish or bearish reversal candles and it's at those tops or bottoms where I'm really taking a look at that specific uh type of candle formation so we have a road momentum indicator top on the daily for the NQ on the weekly we've got a TD 9 count and road momentum indicator top in the NASDAQ 100 we've got a on a daily basis road momentum indicator top on the weekly the same thing we have a TD 9 count top now here price is not busted through support so the NQ is basically held profile support and not until that gets taken out would we see a market moving lower so that's just something to consider here so even though you and I we talk about the uh seasonal pattern what I thought it would do with the last couple of minutes here is instead of doing instead of focusing our time there is dive down and take a look at stock performance over the next 60 days so it's another cool tool that the uh that the folks over at season next provide and what we're looking at right now are the top 20 performing stocks over the last 20 years for the next two months out there okay and so I've got the top 20 that are listed here so SGN Seattle Genetics shows up as the number one uh top rated stock this happens to be the top 20 stocks that underperform the market so in this case here and again during the same time frame we take a look at the last 20 years and then what to expect during the next two months out here and Baker Hughes as Sirius XM applied materials they've had the uh they they have underperformed the market meaning meaning they've moved lower so we go back to the number one performing stock within the index 100 uh Seattle Genetics out here and the cool thing as you can see the time frame that we're talking about so it averages the last 20 years over this time period out here and 16 out of 20 years this has been profitable though when I take a look at the weekly chart for SGN it shows a sideways consolidation with price testing the bottom of its pattern I've got an A to B equal CD down on the daily time frame folks so what I would be waiting for here if somebody wanted to play some type of options trade or some some other type of trade out there I would wait for a bullish reversal candle on the daily time frame before I would enter that trade the second performing stock with inside the index 100 Nvidia you can see again the time frame out here for the next two months what to anticipate or expect when I look at the weekly chart for Nvidia it shows a failed TD9 count top and that suggests we should see higher price and increase the odds of further rally the daily chart just simply shows a consolidation within its profile so if price can close above the top of that profile at 474.86 it should be off to the races to the upside so lots of cool tools out there and glad to share them with you that's a beautiful thing Steve and listen folks it's very easy to get Steve's newsletter come over to our website at TFN you're going to newsletters you're going to see it right on the right hand side mastering probability Steve if you have a great one safe one we look forward to show tomorrow thanks Tom take care thank you stay right there folks who come right back we have the dial up 10 now is that off one and a half S&Ps down three and a half will come right back attention traders Larry Pesevento the renowned trading mastermind is holding an exclusive live trading event on Wednesday August 2nd from 9 a.m. to 2 p.m. Eastern time transform your trading skills with the real-time wisdom of a Wall Street veteran just 295 dollars gets you a front row seat to this power packed session plus a month free of Larry's sought after newsletter Fibonacci 24-7 a $97 value elevate your strategies to code the markets and achieve your financial goals remember this event will be archived for all attendees and Larry only does a few of these a year don't miss this opportunity sign up today at tfnn.com secure your future and start trading smarter tfnn educating investors old report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds the South African rand as well as 25 different mining 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to tfnn.com then hit watch Tiger TV that's tfnn.com then hit watch Tiger TV welcome back folks so now the industry is up 20 and Aztec is up three s&p's are up one and a half let's go take a look at that copper market first so we take a look at copper set it up eight pennies out here today that's a big number but you also have a break top side and let's see if we get volume behind the move here so you do so you got actually got an abc structure up so we got let's see what we have here you get not bad 40 cents well that's 408 408 next the next swing up there is like four eight well 403 that's saying 418 408 is the number if you go over to Southern Copper you take a look at Southern Copper this thing broke top side that's up a buck 93 right now we put this on a weekly and you're going to see it's quite a break that's that's a sweet little break look at that look at that volume man actually this is a monster abc up look at this hold it here's your consolidation let me put this on a monthly okay so the monthly's got the break yeah this is a big deal this this commodity market wants to go now on the monthly check this out this is pretty intensive as Southern Copper because you can make the case let me just do this a second yeah yeah watch this this is gonna be this is a this is blast off on Southern Copper man big time too and I remember I met Frank from Gloucester called on this right this last week so when you do a price projection on this watch how this goes this is intense you go through I'm not gonna take the bottom I'm gonna take I'll do it more conservatively I'll take the reason I'm not taking the bottom is this is that it's almost like I came back to where it had strength I'm just I'm just gonna take a more conservative for price projection 56 it's still 27 dollars which would get you 110 that's what this thing looks like it wants to do so that's a big deal TGB let's go see what TGB is this is a little equity that has a real personality yes he is going to man so you're trading 152 it's up 9 cents they got a huge amount of copper as does FCX Freeport Mac Moran it's not up as much but this is a this is a nice setup too that's coming up to its swing and it had volume it had good volume last week 72 million shares your swing only has 67 million at 46 and right now you're trading 44 61 so so there's some action there we go take a look at the oil let's go take a look at the oil market out here the active contract so the active contract and oil right now they're coming into the swing the swing up here is 81 46 you're actually over it let's see what we have here see this is this commodity market wants to wants to wants to rock and roll yeah this is well let me let me do this CL1 let me do the continuous contract get an idea where we think this wants to go because what happened here that if you take a look at the CME actually I'll pull this up the CME which would be one of the beneficiaries of bull market commodities that equity also looks like it wants a much higher price okay so let's put this on a monthly okay so come there we go well yeah man this hey we're gonna see what happens here this might go to 90 dollars we go to the XLE let's take a look at the XLE right now this is breaking a swing today they could get the volume it's gonna be close call man actually hold it you already got an ABC up 16 million 17 million yeah here's another one okay let me do this a different way then let's put this on a weekly oh I see what's happening yeah okay yeah this is pushing with volume this is saying the XLE wants to make a run somewhere into this 93 area also so that's going to get interesting seeing how this shakes out let's go over to the E-minis just for a second again we're getting some juice here you're down 550 let me just see if there's any volume behind this move see it's going to go after this let's see what time is it it gets six minutes into this bar that bar has 15,000 contracts well you might get some juice down here because what's happening is that you get 15,000 contracts are ready and you're only going into 22 so it just depends whether the price can get down there and you get four minutes left in this 10-minute bar wouldn't like to come down and probably test it let's go to the NQs NQs are off 25 just missed it actually so let's see what this volume is this volume on the NQs 66,400 they're going into 10,000 so that's interesting so the the NQs have light of volume but they're they're basically they're coming right after it man they're going to have to have an expansion of volume because we're going into 10,000 oh you're going to get it the 7,000 is three minutes left this is going to go after it so more than likely what we're going to see here is this it's going to go after that opening low this morning that's how this baby is setting up right now let me see if this thing is the one yeah that's how that baby is looking right now and that basically you know is still going to be a sideways market folks so that's what it comes down to so if we go to the spy we take a look at the spy the last low that was laying out there was 456.25 right now we're 456.37 and you get two more minutes oh this is an expansion of volume for sure man yeah this expansion of volume so it could blow this away you can see you can see the expansion we're already at 1.72 that one this morning only had 600 and uh no what is it yeah 637,000 so you're getting the expansion of volume so that says two different things it says it's going to hit it number one now the real kicker is does it hit it before the 10 minutes is up stay right there folks who come right back we have the uh Dow Dow industrials right now trading down five Nasdaq is off 10 S&P's down five and a half come right back if you're looking for potential trading setups in the stock market then Rocket Equities and Options Report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a 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program is brought to you by Vista Gold Traded on the NYSE American and TSX under the symbol VGZ Come back folks, Dow. Dow investors right now flat, NASDAQ is down 5.5, S&P is down 450 There's another equity, Comico Comico, one of the tags they're talking about it inside the den right now This is a breakout too Comico is up a back 10 Let's take a look at this Put it on a monthly Yeah, look at that Now I wouldn't be buying it right here You know, you can wait for a pullback You can see because what's happening is that see how it's blowing away that high Let me see this for a second Yeah, you're blowing on the way of the high You're coming into Well, you already got through it really Yeah, you already got through this downdraft This wants the highs again That's how it looks That baby does look like it wants the highs again Let's go back to these E-mini just for a second I'm just curious what kind of volume we got on that last bar Okay, so Yeah, you got a good expansion We'll be right back down there again Okay, so we got 25,000 Versus 22 And this bar here I mean it might have hit it Let's see Yeah, it hit it But when you get to the end of the day like this They might take this down slightly Let me go to the NQs for a second NQ You still get a sideways market That's the real bottom line But if you're out trading the futures It's every point is 50 bucks So we hit 10,000 Look at that So on the NQs a little bit different Say you hit 9,300 versus 10,027 You can see that's kind of neat And this is You just want to see how price and volume sets up You know your first leg down You had 28,000 Next leg 10 The leg we just did 9,93 So that's just saying the NQs wants to go higher But you get the gist It doesn't look like it wants to go lower And then if we did the same deal with S&Ps The S&Ps are a little bit different Because we broke the sec The last swing with volume And you're still under Yeah, you are You're still under the big volume And you're still under this Well, you're right at it actually The 46, it's 46,01 and you're 46,02 That expansion just depends whether that same trader Wants to try to get it down again Because what you do have here is Even from Friday You can see there's a little high volume low That's laying there from Friday That was the only Is that Friday? Yeah, it's that Friday That was the only time we pulled back at all Some of the higher volume equities That we have out here today Let's take a look at them You got Sofi, that's up a buck 85 You got Tesla, Tesla's flat Advanced micros up a buck You got Roku, Roku's on the move That's up $6.85 That's pretty amazing actually Let's go take a look at Roku and see what's happening ROKU, ROKU So Roku, look at this That's hitting the high for the year That low is 38, the high is 98 Man, oh man, what's going on with this stock? There must be a huge shot position Something in the stock Yeah, there is And the stock's on the move, man So you get a 12 You get a 10% shot position 12 million shares You got a small float You got a float of only 124 million Look at this This thing in three days has gone from 67 to 96 Bring this up Oh, no wonder why It should do something I mean, it's been a one-way trip on the way down We're going from 490, oh my god 490 to $39 But guess what? You're off the lows And you have volume off the lows So we'll see where this is going to go Let's see the next time They must have just come out with numbers Numbers would have went like this 847 million top line As far as you can go out with Roku It's saying that they're actually losing money Which is pretty wild That's how that's set up right now And we do have to go back to the S&Ps for a second I like that move Okay, so let's take a look at this for a second Come on, where are you? ES It just took out the lows You got eight minutes into this bar And this is going to be a high volume bar too This is trying to go after the swing now That swing Let's see, the swing from Friday We're almost there Yeah, it wants to go after the swing from Friday Well, no That's a 10 points down It's just going after the swing from last night That's what it looks like You're down 8 and a quarter right now That swing from last night is 95 You're at 98 right now You're down 8 Because it's been set to dull market We'll see where this baby shakes out But it looks to me like It'll be a little more pressure Let's see if the NQs are doing the same thing NQ They took it out too Yeah, they took it out And you get some volume behind the move So right now what's happening is that your E-mini Is basically your leader Not that there's a lot of smoke That's for sure But that is the leader out there right now We get the Dow off 25 Nasdaqs down 19 S&Ps are off 8 and a half We're going to take a look at the GDX So I'll share a couple of these inside the gold market How it's kind of set up See the GDX, you know, it did fill the gap But I don't like how this acted, man You know, filled the gap nice on Thursday We got down there though with 38 million shares You're up today with 13 That's just not enough, man That's just not enough You know, a couple of moves Pan American Silver's on the move again They, what happened there with Pan American Silver Is that they actually sold Their non-core assets to Glencore for $593 million That's why you're going to see that pop But that's going to, that's an ABC up now That's a good move, man We do own it But bottom line, that's a good move You have, your B point on this is the Let's see, 1680 This loves doing ABCs also So, you got about 1994 coming at you Stay right there folks, we're coming right back We have the Dow, Dow Industries right now Trading down 5 and as they go off 8 S&Ps off 5 and a half will come right back Are you ready to take your trading to the next level? 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Yes, you can That's how it works There's no doubt, you know what I mean? In this case, you can see it's going to be a sideways move They just flush that down That's inside the E-minis That's what was going on there You know, but you can see I was quick, fast and furious They took the swing out They took the swing out, no doubt And more than likely, they probably just wanted to get long down there That's how that kind of sets up As you can see, what we just did here, we just You got down to that 97 And, you know, it's interesting Because you have a slow day today But yet you can still get these 10-point pops Inside of the S&P So that's saying That you still have the volatility here Actually, let me look at the VIX and see what that VIX is So the VIX Yeah, the VIX is laying, you know, at 1368 Nothing heavy, but, you know, it's not going down Let's go kind of going sideways It's up 35 cents today Not no big deal there But that's It's been down at those lower levels for quite some time And inside of the summer, of course What ends up happening Is that that's when the VIX normally stays pretty low That's how this thing shakes out So what you're going to have out here today You're going to have a sideways market You're going to have tremendously light of volume We're only at 541,000 right now In the end of the way, I see Always remember, folks, the big and Claudia hot out the bulk and run you over And thank God, there's always another trade Health tap is in prosperity Have a great night of safe night, folks Come back and visit Tommy tomorrow morning Kick us off 9 a.m., great show, folks Go get them, folks