 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. All 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. I posted the chart here of the Dow Jones. Now you'll notice I haven't checked the last 15 minutes or so because I was getting ready for the show. But you'll notice here this level right here was the 78% level. Now the NASDAQ has not even made the 3-8-2 yet. We'll go into that. But if you remember yesterday's show we pointed this out. The fact that all those targets had been met and that it was most probably going to go a lot lower because there was no rally at that time. And then you can see what's happened today. Now that means when these patterns fail they're going down to the next level. That's all that means. That's what pattern recognition is so powerful. If you take a look at this you can see this small ABCD pattern that led to the top. We followed that all the way. We had the beautiful 135 pattern right there. Let me look at that. Just there's 135 lined up perfectly. And I don't know if we've held this level down there at 33, 34,360. Whatever that number was I don't know if it's held or not. But it tells we're probably going to go lower anyway. But we're very oversold now folks. We're down five or six days. That in itself makes the market oversold. The key from my perspective here is if you get a little two or three-day rally at a 3A2 get ready to go short if we'll do one thing at a time here because I know the folks here are real busy and I don't want to get too involved in stuff that we can't go into very much. But I do want to talk to you a little bit about the NASDAQ. In fact I'll bring this up now with a little bit of luck. I'm going to try it and let's go see it's all changed again. Oh man, I don't know what to do. I really don't. Let me ask now, is the chart posted now? See, I can't be in discord at the same time because then I can't see what's going on. And that's very frustrating for the old cowboy. Let me try it one more time. Maybe we can get this puppy working. So hold on just a second here. Okay. All right. Come over. Ah man alive. I cancel this thing. I don't know what to do. It's not getting charts in folks. I just frankly, I don't really. Okay. Here's the NASDAQ folks. You can see here we just about made the 3A2 just a little while ago. I don't know if it's going to hold or not. But the Dow Jones, which has been the weakest, and we've been talking about that, is already made the 78% of that move. That tells you how it's bearish that the market is for the Dow Jones. So NASDAQ is still holding up relatively well. That's primarily due to the mega stocks. If you looked at those last night, some of them looked absolutely fabulous. I mean, they really did. You look at Google, Amazon, NVIDIA and Broadcom. Gee whiz, it's hard to make a case because they've hardly backed off at all. But if you look at Metta and you look at Microsoft, you look at Tesla, those are the ones that are leading the market down on the NASDAQ because they are in fact, they've rolled over quite a bit. We're going to try to cover a couple of those. In fact, we're going to do one right now with a little bit of luck and I'll get this up here so that we can see some of these. I want to show you Microsoft because that has been the leader of the pack and it is not the leader of the pack anymore. And it is one of the leaders, of course, you know what, which is the AI revolution. And there you go. It just disappears again. And if I do it twice, it'll disappear again. Let's try it again. Well, they tell me that it works and then it doesn't. So I'm not sure how we're going to do this. Do the screens. I don't know. Okay, hold on just a minute. I don't know if they can see my screen or not. Does the screen? No, it doesn't come up. I'm really... You know, the technical part of the business, folks, is the toughest part for me because I... Oh, dear God, I'd have to hold on. I'm going to take a deep breath, folks. And by golly, if it don't come up this time, I am going to turn in my red badge of courage here at TF&N after 17 years and say, I just can't do this stuff anymore because it drives me nuts. And nuts for me is just a very short drive. So hopefully it'll come up here this time. Well, there it is. Okay, there is the 382 retracement here in Meta, Microsoft. And as you can see, it hasn't done anything. It's starting to roll over already. Whereas we've got Broadcom and all these others are way, way up here, but not with Meta, not with Tesla, not with Microsoft. And what was the other one? There was the fourth one in there. Well, anyway, those are the big seven. Four of the big seven are not doing nearly as well. But I understand that the NVIDIA is down about 16 or 17 points today, which when you have a $500 stock, that's a cup of coffee. So it doesn't really mean too much of that. Our guest today will be Mike Moore, more analytics talking to us about this monster move we're seeing in crude oil. Big move yesterday down $2 a barrel, up $2 a barrel today, up 10 of the last 11 days, breaking out into new high ground. And he'll give us a pretty good idea of what we're looking at, watching some of these things unfold here today. So that's primarily what I'm watching here today. We had a really nice trade in wheat yesterday, buying it right on the low. We had a nice rally of about 20 some cents, which we were expecting pretty much something like that. The first $500 was easy. The second $500, not so much. So we had a really interesting time with that because it lined up absolutely perfectly. Unfortunately, they don't always do that, but that's what pattern recognition is about, because when they fail and they do fail, you've got to stand aside. And that's the key to what we're doing here watching these things unfold each day. Basically, folks, someone asked me the key to what I do. If I told you what I do, I tell you every day what I do, and nobody listens to me, they really don't. I mean, even people that I think listen to me don't listen to me. I know one thing really right. Yes, Johnny, I know. Just give me a second. It's ABCD. ABCD is there all the time, and that's all I really need to know. You can take the news. You can take all the information on oscillators, moving averages, stochastics, all that stuff, and put it in a little desk, a top drawer, and keep it for a rainy day. But if you just look at ABCD, that's going to get you to the Promised Land. And I've looked at so many charts over the past 60 years. I would bet that there's not a handful of people on this planet that has looked as many charts as I have over the last 60 years. And part of it is that's my hobby, that's my passion, that's what I like to do. That's why I've never had to work a day in my life ever since 1976. Well, I had six years of Drexel, but that was easy money. But I've really worked for myself based on one thing, and that's ABCD. I tell people that, learn ABCD, learn ABCD, but it doesn't sink in, and I don't know why. And I've tried to tell them that's the secret, and I show them how to do it, and that they still don't do it. So it's a little frustrating. When I saw my daughter this past few weeks, she was still doing it. She said, I don't do it often, Dad. She says, but I still like it. She says, it's like plain checkers or chess. I said, yeah, but you make a couple of bucks. She said, yeah, she's not doing okay. So it's just ABCD. That's all you got to look at. It's a sum total of all the buyers and sellers, and when they're wrong, and when they're wrong, get out of Dodge. That's all I can tell you. It's really quite that simple. I think we have a... The last time we did a trading career was 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 it 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. 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.com 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.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. 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' for just $1 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' as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablet 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. Toll free at 1-877-927-6648 internationally at 727-873-7618. Okay folks, I posted the chart here of Tesla and you can see it's been in a downtrend for quite some time. This last rally stopped exactly at a 3-8-2, we're backing off from that level. I'm going to break the continuity here of the charts and stuff to talk about something a little different. When I first moved here, about 30 years ago, exactly 30 years ago, next month, and I really enjoyed Tucson. I used to come and visit Walt Bresser here because Walt and I are friends and we work on cycle stuff together. I enjoy the people. I just really enjoyed everything about it. Also, I wanted to mention what happened. I think it was the second year that I was here. We have Davis-Month on Air Force Base. It's one of the largest air force bases in the world and they have the F-16s that patrol the border for drug smugglers that come in on Piper Cubs and other airplanes through radar. They can be up in the air by about three minutes. Well, in one particular instance, there was a small plane with a single engine and they were flying below radar, but of course the radar caught them. So the F-16 went out and they started chasing each other around the desert here. Finally, the little guy in the plane, there were two men and they fired a machine gun at the F-16 and the F-16 pilot wired back to the base. He said, I'm being fired upon. The guy said, you're what? He said, I'm being fired upon. He said, with what? He said, it looks like an AK-47 or an M-16. He said, I'm not sure. He said, okay, give him a blast across the wings. He said, don't hit him. He said, just the vibration should take him down. And so they fired the cannons and of course it shook the plane enough that one of the wings came off. The plane crashed in the desert. Both men were alive but badly broken up. One had a broken back, another had a couple broken legs and they were on a ranch at one of the private ranchers out there and those two gentlemen from Mexico, well they actually Mexicans, they were Mexicans who are U.S. citizens, sued the U.S. United States government for excess thing and they won the case, believe it or not. However, it went to appeals court and it was thrown out because it was so, you know, these guys are still in prison but anyway that was the reason. What happened to this soccer team here, the women's soccer were the number one guy that put it all together, was fired because he kissed the girl. He was so excited about winning and then what happened was he had another one. The girl came out and she had a situation where the soccer coach, the coach had never said anything but because he was quiet and wasn't really adamant about this kiss, they fired him too. The two major people, they got him to where they are and that's not a very good thing, folks. I just can't imagine how life goes. I don't think these guys being, you know, he's going to be prosecuted for sexual harassment and God, anybody with a third grade that watched it on TV, there was nothing sexual about that. That was just a happiness kiss. But okay, Johnny, I'm going to get back to the chart. You can see here the Tesla, you know, it's been in a downtrend, folks, for almost three and a half months so, you know, that's not a surprise. So we're going to take a look at a couple others here just to show you where we are. It's not going to be hard to do but one of the big ones, of course, is Nvidia and it's still, let's get it up in the air so we can see it. It's still way up there. Let's just get it, you know, be able to see it without too much trouble and I know that they're going to, it's going to work good today. I don't know why it's going to come in so perfect but look, there it is on my second chance. It'll be there just like it is. I think it's, they call me second chance and as we get this up here, hold on just a minute here. Okay, here it is. If this doesn't work, I just start screaming and there it is. There's where we are with Nvidia. We're, you know, we're still just a slightly below $500 so there's not much, you know, going on in here. I haven't seen whether the Dow held us, the 78% level or not. I don't know if it's that important or not and I don't know if the Nasdaq held the 382. All I know is folks get ready because when you will get a day and a half or two day rally here, get ready to sell it because we got some really big stuff coming up to the downside and it's not going to change. I mean it's, it's really a big deal so I think we should pay, you know, very, very close attention to that as we look at some of these things unfolding, okay? And that's really what we're watching here. We got to pay real close attention to this because we're in an area where the market, and not many people think it can happen and it can and I'm talking about giving back 20-30% of what we gained here. You know, we, I saw this happen too many times and with the people that are looking at these markets, they're, they just think they're eventually all going to go up forever and you know what? They may be correct but right now we're in the midst of a pretty significant correction. When the Dow Jones in five days can give up 78% of what it's made in the last three and a half weeks, that's a sign that the market is a lot weaker than some people might think that it should be and that's true and that's what you have to remember. So let's take a look at one other one here that looks pretty good. This is the leader of the pack folks. You talk about one that and it's one of the, you talk about a market that and it follows the numbers of Fibonacci like you can't believe and as you can see here on the next posting of this chart I'm going to make this into a game. Hold on here. We'll get it up here one more time and then we, it'll always comes up on the second one. I don't know why it comes up on the second one. It won't come up on the first one but it usually comes up on the second one. Why that is, I don't know. So here it is again directly and there it is. Why does it come up on the second one? Not the first. Look at this beautiful channel folks. All of those little tiny ABCDs all the way up. Look at them. Well all kinds of little ABCDs. This is a 1.618 expansion to that. We break it. What did we do yesterday? We got right up to the 61 percent retracement folks. Yeah it works on, yeah it works on the second hit so I just hit it twice and it's working on it. I can hit things twice as long as they're working. I'm, I'm happy. That's all I can tell you. So anyway that's what that's what you're looking at right there. I mean it's hard to be a buyer there but you know people don't believe in Fibonacci and you know sometimes this stuff doesn't work boys and girls you know it really does. You know other times you know it's flat spot on and never misses and well never misses but it's you know we have really strong things of how things moving you know. Here's another one here that tremendously bullish. Take a look at Google and by the way I understand that the Google of China Baidu has just came out and they had a big IPO of some kind. Well this is going to take a double here. I don't know why it is. When I do it the second time that was the first time. Here's the second time and it'll work so I'm not going to be careful as long as it works the second time. I'll do it twice and now we have Google at the third time. We're going to try Google the third time. If that doesn't work I can start screaming and guess what I will scream some more. Hold on one second here. Show you Google because this one is held up better than any of them. In fact it made a higher high. Boy oh boy oh boy. I tell you the technical part of this business is more than you can handle the folks but we're going to try it one more time and see if we can get to show you what Google's doing. I don't know why it works sometimes and other times it doesn't work. It just it should but it doesn't. Boys and girls take a look at Google on your own and you'll be able to see that it's made new highs yesterday and it's backing awful little today. That's really what we're watching here. I think we've got the the NASDAQ almost hit the exact 3A2 folks and the Dow Jones is held up on the you know what the other so it held the 786 on the Dow Jones on BDAR. 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 equities with specific buy-sell recommendations. The gold report. New subscribers get a 30-day money back guarantee so you have nothing to risk. 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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 back. I believe we have Mike Moore or more analytics on the line today. Are you there, Mike? How are you? I appreciate it. Yeah, it's my pleasure, pal. You've been telling us this crude oil was rocking and rolling and boy, it's you're rocking and doing a lot of rolling. Where do you think we're going here? We're going to go to $90 a barrel. It's not far away. But we still got a ways, I think, I mean, if you remember from the past couple shows, I've been talking about this large call in the Brent. And we don't have the similar call in the WTI, but they're very similar. So, I'm expecting the same kind of move out of the WTI. Let me just see here. I might do a screen share with you. I'm not showing the screen share on my side. I'll check with a text with our folks at TFNN to see if you have the screen app for. I got it, Mike. I got it. Okay, good. We're ready to go then. So, fire away, my friend. You want to take a look at the crude first? Yes, sir. Absolutely. So, this is the WTI crude. Just as a little backup here. Now, since we've been doing this on the show the past couple months, if you've been watching, you know that we've been bullish since the break above $65.31. We've seen $22.76 of that. That was, bear with me a second here, $65.31. That was on a break back above and here. We've hedged that a few times on the break below here and here and here and then take the hedge back off here and now we're seeing more of that run up just as a back story to this. And then we've had other bullish calls in here. More recently, I had said we were likely in the last stretch up from $64.58 with areas of possible exhaustion at $88.23 to $9.69 a higher. We came just shy of that area exhaustion of $88.23 with an $88.05 high the other day and rolled over down to $85.96. So we'll have to see if the upper part of this holds. We held this lower one just briefly there. Then we held this one here. If we take out this line above though, that's going to open up the upside and that can open up a run for these higher levels in here. And that one's going to come in at roughly $88.52 plus two ticks per hour starting at two o'clock. So that would open up the upside to higher trade. But just backing up here for a second, we're just going to talk about Brent right in here. I said the break above the trade above $80. Can you see this Larry? Is this big enough? Yes. Yeah, it's coming in fine. The trade above $82.33 projects this upward $13.90. And if you go back in some of the recordings of the show that we've done before, you can see that we call this from its inception. We've seen $8.82 of that so far. So that still has a ways to go. Let me just jump over to the Brent here real quick. So the Brent, that was the break above back in these areas. We ran up, then we put that on pause. We held an exhaustion level up here, broke a little bearish formation, another bearish formation, then took it off pause here and we've been running up. Take out this main exhaustion level here, which we held a few times and then we're holding the lower part of this exhaustion level here, smack down. Looks like we're now we're going to test it again. We take out this line right here and that's going to open up the upside probably for a run up into these higher levels. That line in the Brent's going to come in at $91.97 plus two ticks per hour as well at two o'clock p.m. So that's the story with the with the crew and whatnot. Now if these holds, the beater of these hold these exhaustion levels and start failing back down below these highs like $87.37 in the Brent or here with me a second. If I have pauses in the in the presentation it's it's to give you specificity. But if this rolls over and this settles back down below 84.16 to 83.91 and that would be one that we're heading into a bearish correction. Once we do see the bearish correction it should exceed $7.70 from whatever the high is. Okay that's a that's a substantial amount. Yeah it would be a nice and then you know I mean it could be more than that obviously but we see that and then it launches back out of there. We could see a whole new bull structure out of it. We'll have to see. Okay I wouldn't know though that our bob or unleaded gasoline has been chopping around a bit. This is if I can pull this tightly. This is a well-formed topping formation. Now that's not to say it's bearish right now but if we come back down and we take this line out right here not only is that going to project this downward 13 cents minimum 22.5 cents plus maximum that'll also start to also suggest to start to a new bear trend. So that could see far more than that and if okay so anyway that's for the the our bob and the our bob almost broke below a bearish formation here but it was within 10 ticks of the stop and then rallied back up so just presently right now this looks bullish. You take this line back out on the downside that's going to be bearish and probably propel this right down to take this one out. In the heating well that's been bullish since the last time we talked in the show we broke up up here we've been rallying back up and this is a really rare position sometimes where the heat in the our bob have kind of been at odds having extreme moves in the our bob to heat spread but the in heating all the trade above three 308.30 we're in a decent strength we've seen 16.87 cents of that so far and yeah and now this also has a topping formation here if this is to roll over and take this line out then that's going to open up the downside to a substantial move to the downside as well if all those happen in conjunction with the crude rolling over it would definitely propel the crude to see the rest of that seven dollars and 70 cents to the downside. If we rally up and we take out this this line that we've broken below here on the upside and that's going to open up the upside to higher trade and to test some other exhaustion levels up above and let me just one other thing as we spoke about on the last show is I talked to you a little bit about the importance of the DC spread the DC spread is a whole whole calendar spread of the crude oil and that can often be a harbinger of what you're going to see in the outroads and if you remember we got bullish right here on the break back above this line at 410 and we rallied up here to you know 783 right now but more importantly we took out this major formation right in here around 611 or so which I said would project this upward the trade above 608 to 611 projects this upward 225 ticks plus and we'd seen 147 ticks of that yesterday plus a little bit more so that still has the ways to go but that that's a a lower firm and higher time frame moving there okay we've got to pay a few bills Mike so stay with us and we'll be right back okay okay 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 in disease 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 in 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 with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a season 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 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 its course trade la bu or la bd directions daily s and p biotech three times bull and bear etfs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of 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 ntsx under the symbol vgz okay we're back folks with mike more of more analytics talking to us about crude oil gasoline and heating oil please continue my friend all right thanks hey mike i want to mention something you know i've talked to a lot of people over the years you're the best person i've ever met for energies so keep up the good work thank you sir i appreciate it by the way i thought i might just take a second and show you something that your your viewers might find of interest you know when i'm blowing through these pages here and a lot of viewers are looking at this they're probably looking like wow this is a lot of writing you know a lot of this is place place setters for higher time frame calls that my clients don't necessarily have to read through this every day but it's a place setter for higher time frame calls so what does that mean and i wanted to show you something that i don't send out to clients but this is just for my own personal use and this is what i i guess i just named this page a profits counter but if you can see here in crude oil over here you can see all these numbers here right so it says 1537 and then it shows a high of 130.50 and then the profit of 115.13 what this means is i started getting bullish when crude oil was trading 15 dollars a barrel and 37 cents and i maintained that bullishness up through 130 dollars and 50 cents and there may have been hedges along the way but it never negated my overall bullishness so the profitability would have been up to 115.13 and then you can see the other different levels at which i got bullish 1537 2345 3404 all the way up to still getting bullish in the 80s the 90s and the last time i was majorly bullish it was at 101.90 and then this just shows the profitability on these and that what i do with that is then i take that and i fill in each one of these levels and then you can see here so i was bullish up the last call i had it was at 101.90 and then when we came back down through 109.15 or 119.15 i started getting bearish so then you can see i was bearish down to 63.64 or $55.51 and then these are the levels that i got bearish below all the way down and then on an even lower time frame so i got i was bearish all the way down from 68.60 was my last bearish call and then i got bullish when it broke back above 65.31 i was bullish up to 88.07 for $22.76 and 68.70 etc so i just thought i that might be of interest to your viewers it's the same thing with you know arbab, heat, brint, gas, oil, bitcoin and so the reason why there is a lot of writing here for for some of your viewers that might see this have he said wow this is confusing i wanted to kind of clarify that up because this is written from a professional hedge fund perspective of if we are carrying positions on long term medium term short term and how would you manage all these as they interlay one another okay makes good sense it is it's a little bit you know it's a little bit overwhelming if you look at it you make good sense so that's uh the explanation is fine so keep up the good work okay thank you uh do you want me to jump the natural gap oh so i was telling you about the dc so the dc is often a harbinger of those big moves the arbab the heat spread we've been seeing tremendous moves in here i thought that this was the start of a new bulge uh full current bullish correction they were rolled over to make an even lower low and now i think we're in another bullish correction so and again paying attention to what these spreads do can make enormous differences on uh your equity and dictating which of these you should be longer short at any given time um this heating oil crack really rolled over these past number of days we've got bearish up in here here on a breakdown below here bearish in here bearish in here and i think if we take this stuff out now we're going to be even more bearish but just to just to show you again that the financial difference there is uh to the two to twelve grand and just a matter of four days or so do you want to take a look at the natural gas oh this is a ready gasoline crack by the way i had large projections in here we broke below this formation this formation this formation another one down here and again that's to the tune of about ten thousand dollars uh within a week mike explain to me again how you know we've got heating oils down quite a bit today and we've got arbab is up quite a bit and then we got the crude oil up i mean why don't they all run together i mean you think because they crack the crude oil into gasoline and heating oil what makes the big difference between the two well they often run that usually they're running together most of the time um but then when some of them get exhausted right i mean you can see here in this heating oil crack it's just been a tremendous move in fact if you can read what i wrote here i said uh we held exhaustion at 2353 with a 2493 low and rallied 33,315 ticks so just understanding that and that dictating whether you're long or short that heating oil um from these lower lows i mean that's a matter of like 33 grand per contract but you can see in general the heat's leading this is leading the crude and this general move up um in the arbab crack i was just showing you a daily chart there i'm sorry we had a big you know leading this up mainly in here but now this big crash down so these can also also these also shift with the demand right with the demand for heating oil uh which is also used in diesel and uh or the um the uh demand for unleaded gasoline just depends okay is that a good enough answer is that that's spot on let's let's take a look at the natural gas it's uh always one that's interesting so natural gas has rolled over here we had been got i just got bearish a couple days ago i said we were in a bullish correction against the move down from 309 60 which i said was like now complete i said the trade below 272 50 projects is lower we had seen 108 ticks of that so far and now even more than that now we're sitting on that main formation that everyone's about that if we break below there um is really going to project this uh even further to the downside to the two and a 350 ticks plus if we break below these lines decently and back up through them decently then i would expect short cover and probably to rip right back up into here could be another 300 300 tick move those lines come in uh right here 250 240 to 250 120 um as of today and just move down slightly uh overnight and just on a more overall basis as we've been looking at this this is this is the daily chart in the natural gas we're in these lofty levels came off real hard and now we're just drifting down in this sort of consolidative basing kind of dynamic and this it looked like it was shifting to the upside in here because we're getting higher highs and higher lows but then that kind of shifted back over and now we're having lower lows and lower highs so we'll have to see maybe this will just build a bigger wider base eventually if it launches out of uh into a bull trend though out of a substantial base like this it could be a sustained bull trend that would last for months uh possibly years okay looks pretty good i think we have a uh oh we got 30 we have 30 seconds before we come to our break could you stay with us here for the next segment because i want to ask you about the s and p okay yep okay we'll be right back with mike more more analytics folks we'll be 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 tomio brian delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options 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projected this upward 64 minimum 112 plus maximum we've obtained 82 of that before rolling over those are likely going to be put on hold today because it looks like we're going to leave a maintain gap lower today here which would be bearish on the day and put the bullishness on hold if we further break below and just visually as you may recall those watching the show that we got long uh got bullish again on the break above this line bullish above on this line and now sort of rolled over here if we take this line out that's going to warrant a pressure that line comes in at 44-34 even minus 23 per hour starting at 130 and that would change at 230 and then if we take this formation out right here this is a substantial well-formed formation and that will come in at 43-99-71 plus 17 per hour and that would that would project us down into here into the 42-50s so that would be a pretty substantial move you know to the tune of eight grand to many likewise if we were to break below this decently and back up through it decently uh that would warrant a substantial strength to come back into markets and probably run right back up here and when i say decent that does not mean that's not some kind of light terminology i use that's a specific number that i give out to my clients each day that changes every day so hey thank you mike we'll be back with you again next week okay my friend thank you brand new lyrics see y'all tomorrow folks make eye contact for watching