 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Call now toll-free at 1-877-927-6648 or Internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis. Well, we finished the full day trading today did four hours We had seven trades and those four actually eight trades in those four hours. We had four winners two break evens and One loss had a little loss in gold, but we made that back But we started the day of micro trading of course folks We're using four minute chart just to show the patterns but it was a beautiful day there was the high that we made early in the morning the market came down and You'll notice here that that we went down. We made it. We we actually sold that retracement right here We came down and we broke even on that when we sold the 382 right there The market came down and put a stop in we broke even and then we had this absolutely fabulous Look at this beautiful three-drive to a bottom folks. Look at this beautiful burp bottom a Bcd right there just absolute perfect three-drive to a bottom pattern and That went up and made a really nice profit. We went up to the 78 percent level We switched went from a short to long along to short and now we've come down here We also suggested possibly to add on the first 382 retracement, which was right here That would tell us that we're most probably heading down to 4505 on this move here today The one question that everyone seemed to be asking is because I spent so much time talking about the s&p yesterday on the daily charts I want to bring this up and see where we are here You remember we were talking about this number right up here this importance of this 45 24 number Well, I based that you know, I sold last night at 45 2375 and I kept it all night We got all the way down to 06 and then we rallied back I got stopped out at the break-even point and then we went short again When we got up to the 36 level here early this morning after the report But there's a possibility that this could be the high look at this folks. I know I know Anyway, there's the 13th. Okay, we're looking for it to come to the 14th Maybe it happened on the morning today because you remember you have a two-day window Day before the day after it could be off by one day I went back and looked while we were on the air here and I went back and look there was your last new moon right here It was one day off. Hey, the next new moon here was Two days off the next new moon moon here was two days off The next new moon here was two days off the next new moon here was spot on So there's a window there of a dollar a point on either side So maybe this is a big high frankly don't know don't care We're interested in trading the darn thing and it turned out to be okay We just made our second profit here at the number we're getting out is 45 13 We sold at 33. Oh, actually we sold it 30. Yeah, 33 and that that will lock in a thousand dollars overall We made $1,600 on the seven trades. I'll do the other trades the one that was really interesting folks that I totally messed up Was this one right here in the crude oil? I want to get this excuse me the Let's get this correct above This is the treasury bond market. Here is the report right here now what we did was we sold this 382 retracement here at 306 okay now that was a 382 retracement of the overnight high right there Then the report came out we got stopped it totally collapsed But look what happened after that folks It's a real textbook and a tribute to the people in the room because they started seeing it ahead of time and boy If you think that doesn't make a teacher happy is when the students start teaching That's wonderful. Look at the high. There's your high. There's your first 382 retracement Go to the next one There's your second 382 retracement right here go to the next one Hello operator. Let's get to that one right here. This was the next 382 was off of that one This went to the 50% but only three ticks difference made a very nice profit And then we're coming up again ready to make another one while we're on the air here Can you believe that you can't even make this stuff up? Okay, there's the early morning high That's the one you want to take is that's when the buying came in thinking everything was going to go straight up From your high down to your low Your 382 comes right here folks watch this number really carefully. That's 44 16 I had several trades of the day that I thought were going to be really good today I wanted to bring one of them to your attention. It happens to be be the bond here We had mr. Z on the show yesterday looking at this pattern right here This is what we were expecting today for the market to get up here to 116 Oh 116 10 we never we never made it. We didn't even take out. You remember mr. Z was shorting here yesterday at 23 115 23 the high had been 115 30 and of course that ended up being pretty good, but look what's happened now We've had a pretty good move down here. This is a big deal because this is a daily folks. Look at this This is mother-god in country higher highs. You see that that makes that a three drive to a top pattern if it gets above here more power to it but by golly that is the fact it is a Three drive to a top pattern the sixty four dollar question is move this over a little bit You're gonna see something real exciting From the left over here where your high is here down to your low where you are right here Takes you to if we get there. There's that number. We were looking at 1609 now that's two handles from where we wrap it if we get there if we get there That's gonna be a sixty one percent retracement off of this high Right back here Okay, so I hope that I hope that helps to see if Things are working okay here today and then we're gonna be moving on To see what's going on here right now. Okay. That's the treasury bonds Okay, now we'll move over to the crude oil another really interesting pattern this one got this was at the end of the system here Oh my god, I got to show you this one here. We had in the in the meal folks This one's this one's sickening. Let's get this up here the meal right here Do you see this number right here? That was the overnight high in meal And we had an order setting at the first 382 retracement, which was right here You'll see from that high right here down to that high right here He's exactly 382 the problem is it was on when the I was on the air and didn't get the order put in I had the order said hopefully setting it 474 went to 475 and broke down to 465 and look at this first 382 retracement Second through to 382 retracement folks pay attention to 382 it'll tell you what to do We're gonna take a break here now. I believe we got some interesting people coming up no guests today and tomorrow is Let's see Wednesday you add one day Astrological that makes tomorrow Thursday a Friday. We're supposed to have mr. Dino. Well, not believe Joey D Should be our guest, but that's a coin toss. You never know eight seven seven nine two seven six six four eight We'll be right back Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 And barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge With anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering Probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNN all our newsletters come with a 30-day money-back guarantee So you have absolutely nothing to worry about visit TFNN comm and try mastering probability 30 days risk-free today TFNN educating investors Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter market insights your key to successful active trading Tom O'Brien renowned for his expertise in the financial markets has Designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market Open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox Whether you're a seasoned trader or just starting out market insights provides the edge you need to navigate the markets with confidence Ready to join the ranks of successful traders head over to TFNN comm 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 don't miss out on this opportunity to revolutionize your trading game head over to TFNN comm right now To join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand TFNN educating investors 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 keg stats tiger forex report Teddy keg stat 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 When you sign up for the tiger forex report you also gain instant access to Teddy's 60-minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30-day tiger forex report subscription today Visit the front page of TFNN.com TFNN educating investors Okay, folks the next thing we want to do is take a look at the Trade that we did in crude oil. This is still an active trade But you'll notice that that we were looking for the market to come here, which was a perfect guardly here at 76 80 we put in order to buy at 76 83 the low was 73 65 Folks we only risked $20 on this right now. It's got a $400 profit and it's now the stop is it break even but stop and think this was a $77,000 contract and we were only risking $200 that is about a best risk control as you possibly can However, what we want to do here is take a look at what happened during this morning because what we were looking at this morning Was we said to sell the first 382 and look at this folks? We actually did this one there was a move down We know 382 here, but we put the 382 number in let's just clean it up So you can see it real clearly we sell the first 382 retracement from the high and there it was right here There's your first 382 retracement right here. We sold it at 78 47 went against this 30 bucks Our stop was right above here and look look what happened on the way down Just really good move now look here is something that we brought to the everybody's attention Do you notice here how you make a lower low that change is the 382 people? Forget to do that But as you go down and make that move from this high down to this low You'll see the 382 would come in on the second one right here and as you can see it misses it considerably But then it comes down and makes the final pattern right here on your garden. Look at the look at this number folks I mean this thing is so close. It's unbelievable not always works that way, but that's it But you had a really nice ABCD pattern in there this is probably going to be the last of the Last of the live trading things for quite a while folks I won't be doing any for I don't know maybe never but certainly not for the next eight or nine months That's for sure just getting too busy here. You notice here. That's what we're looking at We had a nice rally here, but to so far you got to stop at break even and just wait and see If in fact it works. That's the the bottom line of what we're paying attention to to here today Okay, now, let me see. I had to double check something here. We've covered the bonds I wanted to take a look at soybeans because I thought we didn't get a chance to today Oh, we did we did have a chance to look at a couple stocks. This is Tesla. I look at this move here in Tesla today we had a Perfect example here. You see this little remember this is an eight-minute sell-off. All right Okay, so that's all you have to deal with is this eight-minute sell-off Well, the last low you had back here on the other day Before the market took off just check that one and you'll see that it came in almost this a $200 stock folks It's a 382 and then all the way here's another 382. There's another 382 Now we're rolling over just a little bit, but it's still early in Tesla's we look at this on the daily chart You know, it's gone to a perfect ABCD here on the daily. Look at this. There's a let's just check this out there We'll see if it all gets it going right in here There's your ABCD leg right here. Let's measure the ratios. Remember, we got a big one from back here Stuff's getting old for everybody the same old stuff the old cowboy ain't got nothing new Because I only know what to do and that's how to ABCD There's your high back in here. There's your retracement Exactly 50% from that high. We take it from the previous high right here. There it is right there There's your 61% retracement. So this was the zone Should have trouble between 241 to 246. It's 242 right now. ABCD got three ratios there folks You got the ABCD you got the 50% and you got the 61% all lined up pretty much perfectly I haven't checked this one here. So let's just check if that's probably That might be even 50%. Oh, that's a perfect 61 So you've got to 61% retracement. It's a 50% retracement and an ABCD That means that this stock is probably getting ready to correct a little bit. I'll look at it just from simple time counts One two three four five one two three four five five days up Okay, five days up and this is we have to consider this a bear market because we're going down This is just a big rally into that. So I hope that Hope you understand it. That's what we're looking at here as we're paying attention here to this We also looked at Apple and as we get mr. Appel who's down by the well And I hope he's acting pretty swell as a poet and don't know it I makes it rhyme every time. Hold on just a minute. There was a lady from Wisconsin And here is the Apple. This is on the eight minute. We did this for the folks today This is just an eight minute chart today on Apple. The high today was supposed to be 189 the high was 189 50. There is the ABCD 189 53 the high was 189 50 within three points of that point. So that's point three 0.03 cents. It was supposed to be one eighty nine point five oh But we were predicting one eighty nine point five three. So we have to consider that a failure That's not perfection and we're looking at perfection had the same thing happen here folks This was the pre-market and we went up. There was your low right here. We missed it again by about 20 cents Then you pull back right down to your 50% retracement and then of course you go up to this level right here What's the saying is that we're probably getting ready to sell off Towards the end of the day We've got about another hour and a half To do that and then we're going to be able to see if we can do that if you have any questions folks It's eight seven seven nine two seven six six four eight and then we will keep a close eye on these Markets today. We have a few stocks to look at when we come up from the break, but I'll do those I want to finish the commodities first Got to get to the gold market very very important here in the gold market. Let's get Just a second here get the gold chart up Okay. Okay. Here's the gold market right here Okay, this is we bought gold here folks. This was a nice win for us. We were buying it right in here You had a 61% retracement off of this move right here Okay We bought it a little early, but we still made money in it. You're also making a 50% retracement So you had two numbers in here Rallied up to this level right here, which was pretty good. We locked in a profit So it worked. Okay, but that's pretty good now. What to be watching for in gold here You'll notice here We'll just get rid of this out. Hold on a second. We'll micro down here and do a little bit of micro looking Okay, there's it comes down to the 50% level and then rallies up and this is a very important key Yes, Johnny. I know what you're going to say And the 382 came in right here at 67 and a half The high was 68.3. Now this tells us if this is if this is an exact 382 retracement what you're going to be looking at folks You're gonna be looking at an a Bcd and this is gonna be the big daddy rabbit on the old gold Let's stay with us here. We'll be right back eight seven seven nine two seven six six four eight will be back in just a moment Gold report as a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market The US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds the South African rand as well as 25 different mining equities with specific buy-sell recommendations the gold report New subscribers get a 30-day money back guarantee so you have nothing to risk Subscribe to Tom O'Brien's gold report newsletter now at tfnn.com Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento 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 Tfnn has just launched their new trading room the Tiger's Den hosted at Discord Tfnn has been educating traders for more than 20 years with live programming Hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tiger's Den Available to all Tigers and Tigris's for just one dollar for the year There's no cash or added costs when you join our community of traders in the Tiger's Den You can look over the shoulders of Tom O'Brien and the other tfnn hosts while they analyze charts during their live Tiger TV programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other Tigers and Tigris's as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the Tigers Den at Discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch Tiger TV. That's tfnn.com and hit watch Tiger TV Okay, folks We're gonna go through the gold and then I've got some stocks to run through that people have asked me to take a look at I've got the charts, but I don't really look at stocks very often You'll notice here. This is the ABCD that we got now. We made a 382 retracement here right on the money We went from 80, you know down to 58. So that's a 12 $22 move Oh, we got someone in the house. Hold on. Just a second the old doorbell rang Well, why did the doorbell ring? Shut the front door and raise your hand. Give me a second. I know what it is. I know what it is I'm in the wrong area. Let's see what we have and Broad sordid come in is The chart not posted. Is that the problem? Uh-oh. I thought that it was but what do I know? Hmm. I Heard the doorbell ring. What was the story? Oh, what was the story on that? I'm a little bit tired folks from doing that four hours. So hold on one second plus I traded half the night or tried to but didn't get anything filled. Anyway, let's move on I think it's posted. Let me double-check. I'm gonna I'm just gonna repost it. So bear with me here folks Get this up here. I'm going to repost this and that way. I'll know for sure where we are Well, I'm never knowing for sure. Okay, there is we should be live now Here is the gold market the gold market had a high here. We're gonna go through this all together This is just 15 13 minute chart. We're looking for a product pattern here in 1948. Okay, that's what we think that we're here We get above here. It still looks bullish. Let's look at this on the longer term for our chart Okay, this is this is what I think is pretty important. Okay. Here's where we were There was the overnight. This was the low we were looking for to come in. Let's just remember that big low at 44 That's what we were looking for. We were looking forward to come in at this level right here Okay, so it came in at 36. We're trying to buy it 44 I bought that day. I got stopped out and I I didn't get in it. I missed it, but Two things to watch on this the high that we made right back here And that low right there comes exactly at the 50% retracement now if we can get this above here It's gonna go but ideally what you'd like to see is this You'd like to see it get to this level right here. Remember that level we're looking at around 49 to 50 That's what you want to be looking at now yesterday. We got what we call We got blessed folks is total luck. Well luck is where preparation meets opportunity But I want to show you why I switched to silver. Let me get this up here. I did this in the newsletter I did this in the video on Sunday night, and I told everybody that's what I was doing There wasn't any mystery, but this was the daily chart in the silver. Okay. Here is the silver right here That is crude oil. Why am I looking at this? See crude oil starts with the C and silver starts with the s This is where we were. Okay. Here's where we were. All right. Wow. I still can't believe this There was our 61% retracement here at 22 and we bought that and the market I'll go through the whole process because you folks that were in me followed it. This is what we did There's where we bought it right down here and we got to this level here That's not the right way this is move it this way over here Yeah, that's what we had. This is what we were hold on just a minute. Oh this chart I don't mean this is where we bought the silver at 20 let's put the daily up because I bought it at 2217. I don't understand why the This is looking so different. I bought it there at 21 2217 right here is where I bought it watered here and sold it here and bought it back right there But that's not that's not showing the 190. Let me get this back here because Yeah, there's the there's the buy. Hold on. This is second here There's the first buy right here That 2200 but it doesn't show It doesn't show the the pullback that we had. There's the there's the number right there. It's still setting there This chart's totally screwed up folks. I apologize. You see that? Let me show you why you see this number here That's the low that was right here We sold that and then we bought it back right there, but that's not showing on the interday chart But watch on the daily chart There it is on the daily chart right there 22 16 15 was low we bought 2217 I've got a data problem son of a gun. Not good. Now. We've gone up Excuse me Time out And we match the high from here. So what we want to see is a pullback in silver. So looking at this Is what there's all we had so far today was you call this a pullback. Are you kidding me? Let's see if it's a 3a2 off of this No, it's not even a 3a2 for that when we want to see a 3a2 on silver, but Given the fact that gold is where it is and Gold is my trading object most of the time I would be happier than a pig running through the the night and to buy this one down here We'd like to see it buy right here around 1952 I have to be a buyer there and I trade gold almost every day. I almost sold it today here You'll see we had that 50% retracement of that move right there I said that looks like a pretty good spot to that's 50% off of that high We made way back here when we made the 78% level. So this thing is still in a downtrend. You can see the lower tops See the lower tops in here. These are still still in a downtrend We want to be being a buyer though That'd be the ideal thing that we want to be doing is as we as we look at some of these things Going through each day here. We've got to one other one that I want to look at That is the net soybeans hold on one second Soybeans and then we will do some of these stocks when we come back here for the next break. Here's our January beans They should be heading down today. I got a little bit higher than oh Let's see how much higher we went to the seven eight six retracement here And we sold meals what we sold today So that was easier one to see because of the perfect 382 in the meal. Yeah, there's our 78% level came in at the 84 High with market went up quite a bit higher went up to went up to 90 what it get to get to 90 94 94 up in here So it went quite a bit below that so if we go down to the hourly chart There it is the big move right up here We wanted to get a little bit higher because that would have made the ABCD to that move and we didn't have a good ABCD Anywhere in here So we missed that but we did make the move in the soybean meal because soybean meal Was absolutely perfect. Let's get this up. Just couldn't make it couldn't make it up if you wanted to just do the four-hour chart There's the high right up in here what we did is we went down to the smaller time frame There was our 382 right here. This was the this was the opening right here. There was your High right here There was your low 318 right here boom boom boom My gosh, it sounds like a drummer from the Ringling Brothers and Barnum and Bailey Circus Okay, now let's move up here to the next one here You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life Before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave Up-down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by Basil Chapman and your inbox every day 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 tfnn.com 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 Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out Market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today 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 don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand tfnn educating investors Biotech is booming but for how long whether you think the biotech bull has room to run or has run it course trade Labu or Labd Directions daily S&P biotech three times bull and bear ETFs Visit Direction Investments comm slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction chairs carefully before Investing the prospectus and summary prospectus contain this and other information about direction chairs to obtain a prospectus or summary prospectus Please contact Direction Shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject To risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC This program is brought to you by Vista Gold Traded on the NYSE American and TSX under the symbol VGZ Okay, folks up have a request to take a look at BlackRock. Here's what it's done here Over the past year from October to October. We've got some nice ABCD patterns in here But the first thing on the request I would do would be to go down to the look at the weekly chart Because this has been a very bullish chart remember it got to a thousand and then we came down to this level right here on the weekly That was just shy of the 78% level, but there was something very important at that bottom folks I don't trade stocks, but this is the this is what we really teach You notice you have drive one right here, and then you have drive two and then you have drive three So if you look at this we're going to blow it up so everybody can see it easily Get rid of anything out there that might be confusing, but there is your pattern right here that you're looking there's your there's your a b C and D and that's right down here. So let's just take a quick look at that right here There's your AB leg right here. There's your CD leg coming in right here that my friends is a Hold on one second. We'll get this up here. Hold on Something is happening that my alerts going nuts. I'll take care of that in a moment, but I want to draw in this ABCD. There's the Drive one drive two and whoops come on get it down here. I Want to get down there this won't It won't allow me to shucks that's drawn in wrong That what's going on folks is crude oil just went below the 61% retracement. Hold on a second here There it is right there. There's a three drive to a bottom pattern. Give me two seconds here to correct this crude oil thing please and You'll see here that we just broke down below that that means First-profit objective was right there now. We're breaking down below the coveted. Let's put that up So if everybody can see it we're breaking below What over Larry they were breaking below the 61% retracement and that's why you use stops and that's why you use money management you see There's where it is. It's going below now. Let's just I Got it. I've got to turn this off just a second. These beepers are going nuts on me Okay, anyway, that's what we're watching here with this with crude oil. You see we've come down Below the 61% retracement of this move right here I think that yeah, you see that there is where it was had to rally That's why we of course the first-profit objective right here was 600 Break-even was your next one and now you're coming out. That's what we tried to teach today in the show about the money management Okay, let's get back to black rock had a request in that. I certainly want to try to fulfill that request Okay, let's get this up here See where we are now. This is the weekly chart of black rock. Okay, and this is what it does What we're going to do now is we're going to blow this up because this will give you an idea What's what it's done during the 2023 level? Okay, let me change this to reset default so that it can see it Pretty nicely. That's what I want to see. There's what I want to see right here Here's where we are. There was the three drive pattern On the weekly. Okay. Now. Here's where we are in the weekly. Look at this big move. We've had from right here folks now, I know You don't always believe me but by golly you got to pay attention to this pattern right here There's your a leg There's your b leg right here Right. There's your c leg. There's your d leg. Look at this folks. It measures to 59 59 151 The low was Are you ready 498 it misses this by seven dollars is all it misses it by now Let's check to see what the 61 percent retracement was because mathematics proceeds geometry And the 618 came in at 609 it went a little bit below it on this day Look at the reversal week that we had here back in uh on october the uh the 27th Okay, looking at this on the daily. You're going to be able to see that reversal Quite easily. There it is right there on the 27th There's the move up and you can see here. We're we're still going higher now where we are today from this high down to this low We're already above the 61 percent retracement So tell this has got a bullish bias. Look at the way this thing came out of here. Oh boy, this is uh Look at this is one two three day pullback in it. It doesn't even correct Doesn't even get into the gap And then of course we gapped above it yesterday with the other news announcements that sat there So these markets you have to respect them folks and make sure you put your stops in because if you don't You're telling mother market that you know more than she does and we all know that turns out, don't we? Okay, now we have to take a look at the other one that's interesting to everybody And that is Microsoft Here it is right here Heading to the moon baby headed to the moon. This one has made new highs. You talk about strength This has strength now. Here's where we were On the uh eclipse day right here. You see that's old that was a day right here And from that level it exploded to the upside and made new highs One of the few stocks that were able to do that, but there are a few others But they did make it so that's a big one right here Where's the outlook on microsoft? Well, we've completed all these objectives here. We have no pullbacks Back in here to pay attention to the only thing we can do is go down to an hourly chart to see If there's some type of pattern, I don't see much in here I don't see a three drive pattern. That's any symmetry at all. So I I would think that if you're going to buy something for buy strength I would certainly You know look at microsoft because it was one of the few stocks able to to make a new high look at this Not many many people thought it could do it, but it took out the highs From july the 18th of last year. That's that's very very difficult to do but you had so much enthusiasm for that report that came out that that's the That's the big difference in what we're uh paying attention to here. Okay, don't mean that's what we're we're looking at here So far today. I I hope that helps. I wanted to Cover one other stock that somebody's interested in and that get it down here one more that starts with an m m where are you m m m m m m m m m m m m m m m m m m m But i'm right right there it is Morgan Stanley because this has been Ah, finally had a rally. Let's get up here and take a look at this. All right, okay here remember this is a con company that gave us the 400 dollar price objective on Tesla when it was 260 a bear went I can't stock per share in a Tesla price objective 440 and course this came down considerably more after that but this is a stock of Morgan Stanley we're gonna look at this on a little bit longer time frame it doesn't look too bad looking at the weekly so let's get the weekly up here there's the weekly we just made a 50% retracement here on the weekly that came in right on the time of the the solar eclipse so lunar eclipse that we had on the 27th that was the low now we've had this big rally up so it's it's hanging together pretty good there so these are some of the things that were paying attention to folks so that's all we're doing is paying attention okay so that's what we're looking at right here and I have time for one more it's gonna have to be quick that's I believe Pelletron this one's gotten hit really bad folks not many people doing exercise anymore but holy cow is that true that stock used to be that high are you joking me whoa shut the front door 180 to $4 $5 my God somewhere in here there had to be some type of a scary move now this is a weekly let's just oh there's your first 382 right there son of a gun let's take a break if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30-day money-back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of 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 like any endeavor in life before you 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was a 382 off of the July high to the tick the high was 99.36 supposed to be 99.54 so that's right on and then look what happened earnings or something came out the following week and the market went from dropped in half another read looked in it goes below the 1.6 when they folks when it goes below the 1.618 it's lights out so you got to put your stop in there somewhere otherwise you're a dead duck I've sympathized somebody that still owns it but this stock's going nowhere you know I don't see it I mean it's at $5 below 5 you know you can say goodbye because from 185 to 5 means the stock's not alive as a poet and don't know it I makes it rhyme every time I'd like for you to join me tomorrow folks 877-927-6648 this is Billy Ray Valentine signing out for TFNN and what we're going to do here is have a great show tomorrow we'll have a lot of fun Friday we hope to have Joe DiDapoleon next week we got Bart de Leoni coming on Stan Harley and maybe Bill Meridian so live every day in an attitude of gratitude and may God bless