 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento The negative interest rate scenario folks and the answer to that is I'm just not smart enough to understand it So that's the answer. So we'll see what happens. Anyway, we're having some really big swing in these bonds last night And one and two and three points, but there is one thing that happened It probably doesn't mean anything at all, but I'm gonna bring it to your attention yesterday There was a big drop in the open interest in the spot Treasury notes for ten year the two year and the five year had slight increases I mean talking with a 3.9 million they had increases of just a few thousand, but there was a Many thousand I think twenty thousand drop in open interest in the September Treasury note now Usually that's a sign that the market is weakening even though it's going up That means there's short covering, but you know we live in interesting times. I'm just gonna bring it to your attention That's all I'm going to do The big news of course from my perspective is what's happening in Hong Kong Boy, I just was shocked today to see what they were doing. It was really Just really a very very sad to see what's going on over there It's a lovely country and I think that the Chinese government is just about had enough I don't know how much more they're gonna take but when they're throwing rocks and eggs at the building and stuff and putting graffiti there and These are these are all young people folks This is not the the people in Hong Kong that the old people that like my myself and my friends But I you know, it's just really sad to see that but anyway, that's neither here nor there We want to talk a little bit about the gold market to the gold market blasted up right after the close yesterday We got up into that In 10 1511 area which exceeds the 1.618 expansion on the long-term weekly chart and The actual silver's, you know, you know running away to it's above 17 bucks. So those are moving up You know quite a bit how much more they've got I really don't know all I know is the emotionalism here is Going to be quite high. The volatility is going to be extremely high so Sort of you know protect yourself on these things because even though they go up the flagpole They can also come down the flagpole. So just remember there's a possibility of that now We do have another market that has been in the news and because it runs along with the gold market And that is Bitcoin it had a really nice move last night and we got up to that 13 almost a 12,300 level backed off a little bit and as I just checked a little while ago It was back to new highs again. So it's still acting pretty good now the $64 question from my perspective is This a two-day rally in a bear market that we had starting yesterday morning through last night and today The answer to that I think can be shown by looking at the DAX not the DAX boys and girls the the NASDAQ and the NASDAQ of course, you know went right up to the 61% retracement and then sort of rolled back over the S&P went a little above that it got to not quite to the 50% level so it's important to remember folks stop and think just a minute here If in fact negative interest rates are coming Do you realize how bad the economies in the world must look? To these federal bank of these central bank people they must literally be I mean, you know why you know They must see something that we don't see because we looked at that today in Bloomberg the first thing they started off with was Germany Japan France and one other one that was there all negative interest rates in Italy, which has got the Probably one of the worst credit ratings that you can get their Treasury notes were full percentage under ours So there must be something really negative out there if that's what they're doing I don't know But the negative interest rates is so far beyond my pay grade that I I just don't understand it It reminds me a little bit of the 2000 market when we had the dot-com bubble when these companies had no no earnings And if you know the sales increased by 10% the stock would double I mean we saw that you know and I mentioned when that was topping that it was a once in a generation type bubble And of course it was because the NASDAQ gave back, you know, 80% of its value But those were crazy times like you know, there's a couple stories. I could tell but I should tell one story My good friend Greg Aesoff, he was part of Emil Aesoff as his father and Jeff is the largest broker He was the largest broker for Bear Stearns. He now runs his own firm out of California His minimum account is $20 million and but Greg is a real estate guy in Marina not in Marina del Rey in Orange County And very successful and a woman came to him begging for a job as a loan officer and Greg was a little reluctant But he did hire the lady and the lady did really good work and she worked with him for about three years And then what happened was her son was working out of the garage and had one of these little dot-com companies I think it was called Sycamore Networks as I remember And anyway it was coming public and she gave his mother an X number of shares which was worth about $5 million And she walked into Greg's office that day and she said I quit and I'm rich and I don't have to work anymore And he said well could you at least give me two weeks notice And her answer to him was two letters that I cannot say in the annals of audioland But they one started with the F and the other started with the U And anyway she got her $5 million but by the time everything rolled around it ended up being worth $45,000 But I remember that very vividly because Greg laughed about it when he really was hoping she got the $5 million But you know it's one of those things Anyway that's how some of those things went and there were a whole bunch of them WorldCom You know there were just a lot of them that we don't hear from anymore And of course a lot of them are still doing pretty good so we'll see how they end up here Well we've got a break coming up here pretty soon and then we'll talk a little bit about the grain markets And also the foreign currency markets because they are holding up There's not showing you there's any panic anywhere in the foreign exchange We're not seeing anything in the pound the yen or the euro Any of those things are showing up as anything really dramatic happening And even with the Japanese with the Chinese renminbi I need to discuss that because What they're saying and what they're doing is two different things 877-927-6648 If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets Such as stocks, ETFs, commodity futures and forex Heated by Steve Dahl, TAS understands that in today's technological world The use of top flight software applications and technical analysis expertise is essential to successful trading in today's market You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted The best way to use the TAS Profile Scanner to profit This webinar archive is available for all subscribers immediately upon signing up All new subscriptions also come with a 30 day money back guarantee so you have nothing to risk Start your subscription by visiting the front page of TFNN.com today And you'll find the TAS Profile Scanner under the services tab Sign up today Are you in the market for buying or selling real estate in the Bay Area Including the surrounding St. Petersburg, Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area To help buyers and sellers make the most informed decisions across all price levels From the price you should be paying per square foot in certain up and coming areas To the type of cash flow investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market Before you make one of the biggest decisions of your financial future Call Tiger Real Estate LLC today at 727-329-8322 Or email us at tiger at TFNN.com That's 727-329-8322 Call us today Many of our new listeners have heard about the Tiger's Den The Tiger's Den is a lively community where professional traders and investors can meet Exchange ideas and information in a comfortable moderated atmosphere Hear all of the TFNN shows plus see all of the charts as they happen live And have access to archives of all of those charts You can test drive the Tiger's Den absolutely free for 30 days And greatly enrich your knowledge of these markets and how to make your money work for you Details on the Tiger's Den are on the front page of TFNN.com Check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors All now toll free at 1-877-927-6648 Internationally at 727-873-7618 Okay folks, you know the thing about the negative interest rates It's not so much that I don't understand it is I mean I can see technically what the bonds are doing of course But I just doesn't make any common sense in 7,000 years of history of this stuff We've never had negative interest rates so maybe this is a new phenomenon But we'll have to let the markets decide what really happens with that I know we're going to see great volatility here but we'll have to wait and see Okay let's take a look at this euro I've posted We were looking for that bottom to come in right around that one ten thirty It certainly did, we posted that ABCD pattern So far that is exactly what's happened We went up to 112 backed off to the 78% level And now we're heading back up again Which if we get above 113.40 Then we'll have a pretty good chance of seeing the market rally a little bit more And we'll see whether it's going to be the case or not Someone's asking the question about how the Federal Reserve You know reacts to politics and everything And you know that's another thing beyond my pay grade Because the Federal Reserve folks is a private corporation Even though it's right there on Pennsylvania Avenue right next to the White House It is nothing to do with the government It's a private bank that handles our money and stuff And that was from 1913 at the Jekyll Island thing So if you want to read about that, that's something really good Another good book is The Secrets of the Temple Which is a great book about the Federal Reserve also But they don't move the markets folks The interest rate markets is related by the market There's a lot of studies that will show that But remember that's what we're watching I know there's a lot of jaw boning and stuff But that's jaw boning and that's again You know a little beyond what I usually talk about here I try to talk about things that technically related Because technical stuff I think I understand it But sometimes not as much Let's take a look here at the Japanese Yen Because we were watching this because it had such a downward bias And it certainly continued We got all the way down to that almost to the 105 level We got to 105-40 I believe And now we've had a little bit of a bounce back from that level But we're still heading lower in that That also sometimes reflects what's happening in the stock market Because the dollar yen, reverse of that, is the stock market So we'll see that Okay Oh, somebody's saying Switzerland had the first government To charge a negative interest rate Between 1972 and 1978 This country's central bank imposed negative interest rates To help stabilize the economy Prevent its currency from rising too much From foreign investors buying its currency A rising currency is not a good thing What this means is that the Swiss currency Was losing purchasing power as compared to other countries Well, I hope that's right So we'll see Well, we don't have any inflation here Well, at least that's what they're telling us So we'll have to wait and see All I know is we're going to see more increased volatility That much I feel relatively good about In fact, we're seeing it One of the reasons, of course For the bearishness that we looked at Was this chart right here That was sent to us by John Murphy I think we have to pay really close attention to this Because this is the world stock markets And as you can see here We're heading down And we've broken down below those March lows already, folks So that's another one that looks pretty negative And the rally that we had this day and a half rally You know, stopped right at the 3A2 in the Nasdaq And just a tiny bit above the 50% level So we'll see Okay, all right, let's see Here's another quote from David White The stock market is a no-call strike game You don't have to swing at everything You can wait for your pitch The problem when you're a money manager Is that your fans keep yelling swing you bomb That was a quote from William Buffett I thought it was Warren Buffett Oh, William Buffett must be his brother I don't know, I hope you misspelled that Because I think his name is Warren Buffett Isn't it David? Did David make a mistake? But is there a William? Oh, I'm sorry, I better shut up Because there is a William Because David never makes mistakes And I probably got that one screwed up But let's move on here to the next one here right now Okay, let's move on to the gold mine I just want to show you how high this gold got If you'll get this up here Because we exceeded the 1.618 expansion In this emotionalism that we had here We got, the number was at 115 I think it was 115, excuse me, 1500 We got the 1512 I believe And there was a beautiful head and shoulders And believe me, folks, nothing bothers me more Than missing part of that gold move I mean, we bought it really good Down at the bottom and we made really good 70 bucks And then I never bought it back I mean, I'm waiting for a retracement that never came And those goes back to those things You know, fail of missing out That was one that, you know It's going to be etched on my tombstone here Failing to miss that one out We didn't miss the stock market one Which is actually much better than the gold one But to miss that gold one Was a little bit frustrating to me But, you know, that's the way it goes Sometimes it's chicken poop Sometimes it's chicken salad It depends on how you mix it Okay, let's take a next look at another one We want to be watching And that is this Australian dollar It just keeps getting whacked and whacked And whacked and whacked But the stock market for Australia Has been actually holding up pretty good We're almost at the double bottom level Now here on the Australian dollar folks We're ready to break through the 67 level And that takes us down to that 66.85 Which is the same low that we had Way back in December So these are some of the things that we're watching In all of these things But we're watching it Yes, we are watching Palladium 2, Ruby It's had a, you know, massive double top up there And one of the things that And I think that's related to automobiles As I recall But if we take a quick look at Palladium We'll be able to see here That we've had some type And we're down another 3% Ruby is saying Which is not surprising Giving what's happening to some of these things That we're paying attention to right here And, well, I keep jumping around Let's get to the Canadian dollar here And then we will do the dollar index Because all of these are interrelated here But if we take a look at the Canadian dollar You'll notice that we were looking for The price level to get up to this 133 level We hit that last night I believe we're trading there right now So that completes that ABCD pattern Pretty much what the charts were saying And, you know, whether that continues to go higher or not You know, we have to wait and see But it did complete that one Now, of course, we talked about the dollar index And that has certainly completed that Three drive to a top pattern And we'll be able to see What's looking up here By the way, folks, what I'm doing here Is what I'm going through answering questions It's from the Tiger Den in there And we'll be able to see Some of the questions that people are asking And I try to answer them As, you know, best I can Okay, let's move on Oh, we got a break coming up And then, by the way, tomorrow Tomorrow we have a special guest Norman, who calls it to the minute Will be our guest And then on Friday we will have A Bill Meridian of Cycles Research Out of Vienna, Austria For a warranted, Larry will send out Via charts or videos or both The key markets that he is watching During the day. 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Get your copy of The Art of Timing the Trade Charts today By visiting TFNN.com Okay folks, I posted the chart of the crude oil That we were waiting to see it get down to this 52-80 level And of course we went through it We got down, we're close to breaking 5200 now And that tells you that it's probably going to go lower Because that was the 78% level And it does look like it's Going to fail and there we go You know, things to the downside Will be able to see, you know I see a quote here from Mr. Z That PIMCO warns that negative U.S. Treasury yields swiftly Change from theory to reality So by golly, reality is with us So I guess you'll be able To borrow anything you want At a really cheap price In fact, they'll probably have negative mortgage rates Pretty soon they're going to give you the money To buy the house. That makes good sense I think it's a pretty good idea If this stuff keeps going on in Hong Kong The Chinese government's Going to come in here and shut that down And we're going to find out, you know There's a market that really looks bad, folks And let's take a quick look Because, you know, Hong Kong is very Dear to my heart And if we take a look here How bad this has looked over the past weeks You can see here just a month ago You know, we're talking about June 28th We were sitting right at The 61% retracement Of that whole move down The reaction back Was at 29,000 That was the exact high For three days right at the 61% retracement And folks, we're trading down below We're at 25,000 And change now And it looks like, you know We're going to break through the 78% level Sometime today or tomorrow This is given only Wednesday We've only got two more days to go We could easily do that You can see the ABCD structure Takes it down quite a bit But this is a major market Of course in Asia And the other one that we really Felt why we were going to look so bad This coming week was the fact That the way this emerging Market charted look You can see where we closed on Friday Right there at around 40, 55 And boom You know, we gap down And that sets up a price level Down around 34, 20% lower From where we are Whether that's going to continue or not I don't know, but that's what it's looking like This morning A lot of emotionalism We haven't seen emotionalism like this In the bonds since they Topped in 2016 So This is going to be another instance Of whether the charts come through But we've had a really strong Instance of the Well, this crude oil Just doesn't want to have any friends Now it's down to 51, 78 So that's certainly A breakout to the downside So it doesn't look like That one's going to be working very well We got the bonds right near their new highs And we got gold making new highs We're at 1511 now And at Christmas gold And so we're seeing some flight to quality And the S&P keeps going lower and lower So we'll watch those also Okay The current is still holding up okay The rest of the stuff is a little bit wild But we'll do one thing at a time And see how they end up So let's move on here to the next one And that will be the XAU I just wanted to show you where the XAU is This is where we were as a Friday And we have exploded I believe we're ready to take out those highs Because it's jumped so much I'm not sure where it's trading right now But it's got to be way up there Given the fact that we've been up so much So we'll watch that Very, very closely also Okay Someone's asked a question about the natural Okay, hogs and feeder cattle I don't do feeder cattle ruby because it's too small Of a market But I do watch hogs quite a bit Mainly because of the fact that it's related To China and that stuff And I'll bring up the I'll just bring up August hogs Because that's the easiest one To take a look at And if you'll remember This thing broke down really badly And it took out those lows The same thing in the Christmas hogs And I did that one too, I believe Give me a second Nope, I don't have the Christmas hogs In here, son of a gun I don't think I did But let me do cattle because another one The cattle came down quite a bit Also, but they're at a higher bottom Let me get this one up here And take a quick look at it So we can see it But here again Relatively well The 61% retracement And the corn was at 02 We're now trading at 402, we're now trading at 415 The beans held up relatively well Wheat's still under pressure But we've got a lot of stuff Negative About tariffs and stuff coming out of China And I only think this is only part of it Folks, I think most of this Is related to the Negative interest rates It's really be scared And that's why it's going to be hard for that stock market To go up with negative interest rates Is because What am I talking about? I don't even know I'm just making stuff up That's not a good thing when you're a technician, is it? I really don't understand negative interest rates It just doesn't make any sense I was at dinner last night And I asked the owner of the restaurant If I could handle his money And that would only charge him $500 On the hundred grand and he didn't go for it I don't know. We'll see what's happening here What's it? Okay, let's move on to the next question I hope that answers your question about the hogs Ruby And a lot of that is a fact that China is not supposed to Be buying any agricultural products But believe me, they got 1.5 Billion people to feed And so it's not going to be Easy And you're not seeing any of these price drops That we're seeing in cattle and hogs That's not happening So that's another one To pay relatively Close attention to So we'll be watching it really close Okay The next thing I wanted to talk about Let's just do the one For Christmas hogs for Ruby Just to give me something to That I do understand charts I don't understand sometimes how they get there But I can see what's going on And you'll be able to see here This is the December We'll do December cattle first And you'll be able to see what we're talking about here Okay, one second We've had some major support here In the cattle I'll just get this up and draw it in Give me one second here folks So that I can show you the The pattern really easily We had a nice move And we're really an interesting spot right now As we come in here today In the Christmas cattle Here you see they got to hold this level Right here Around this 109 level In the Christmas cattle But the one I really wanted to bring up Was the hogs And if you'll give me a second here I'll bring up the live hogs And give you that one And there we go And they have just Oh my goodness this is Yeah this is They have a clearance sale in hogs This is in the face of a Giant If you ever want to talk about technical stuff This is in the face of a huge Asian flu thing Over in China Didn't make any difference did it No I don't think so So now we're at a big ABC down here So you want to be looking for a buy down here In hogs around Whether it's trading at 61.30 The old low was 58.50 So I'd kind of keep an eye on that Maybe so that looks interesting So I'd keep an eye on that one When we get back we want to talk about natural gas Folks because I think this is the beginning Of something pretty interesting in natural gas I know they're beating up the crude oil But that's not the same product So we'll take a look at natural gas here At the break when it comes up Because I think that's something that we might want To really look at Ah If you're in the CD market And looking for a secure investment My first mortgage program may work for you The security for these first mortgages Are building lots in the tax opportunity zone In St. Petersburg, Florida The tax act of 2018 set up tax free zones Across the country where you can build and hold for 10 years And pay no tax on the profits Which makes these lots valuable The investment is anywhere from 30,000 to 75,000 The interest paid is 7% yearly Paid on a monthly basis According to bankrate.com The best rate for a four year CD in the country As of February 20th is 3.1% That same $50,000 investment At a normal four year CD rate of 3.1% Would give you income of $1,550 per year Or $6,200 over the four year period That same $50,000 investment In the Tiger First Mortgage Program Would give you $3,500 per year Or $14,000 over the four years What should you prefer? $6,200 Or $14,000 of interest on your investment If you'd like more information About the Tiger First Mortgage Program You can call me at 877-518-9190 That's 877-518-9190 It's amazing to think that Tom O'Brien Started his weekly gold report 17 years ago with the first issue Published April 7th, 2002 When gold was trading at under $300 per ounce Gold peaked at more than $1,900 In 2011 and after Spending many years consolidating at Lower prices, gold may be poised For its next big run Tom O'Brien publishes his weekly gold report Every Monday morning for subscribers Consisting of coverage of the XAU HUI, GDX, The Dollar Bonds, South African Rand As well as 25 different mining equities With specific buy-sell recommendations As of April 1st of this year The gold report currently has 8 active positions with an average Unrealized profit of almost 8% for each open trade New subscribers get a 30-day Moneyback guarantee so you have nothing to risk For all the details and to start Your gold report subscription today Visit the front page of TFNN.com Don't let gold's next big run Pass you by, sign up today Will the S&P 500 continue To climb for bold trades On U.S. large cap stocks In either direction trade SPXL, SPUU Or SPXS Directions daily S&P 500 Bull and Bear Leveraged ETFs Direction leveraged ETFs Investors should carefully consider A funds investment objective, risks, charges And expenses before investing A funds prospectus and summary prospectus Contain this and other information About direction shares To obtain a funds prospectus and summary prospectus Call 866-476-7523 Or visit Direction Investments.com A funds prospectus and summary prospectus Should be read carefully before investing An investment in the funds is Object to risk including the possible Loss of principal. The funds are designed Only by sophisticated investors such as Traders and active investors Distributor for side fund services, LLC The bull bear Binary option hour Next on TFNN Okay folks, I posted a chart Of the long term weekly chart in natural gas If you remember Mr. Z was really Bullish this stuff until it got up to That 2.5 area where it became bearish But what we're looking at now Is a 78% retracement on the long Term charts So far we've had a low of 205 We're trading around 210 Today so there's a possibility Of a bottom forming in this area So that's the type of thing that I try To look at when I'm looking at a longer Term chart and the first thing I would do Of course would be moved down To a daily chart To give me a better idea Of what we look at. This will cover The last five months and as you can see We have completed Butterfly pattern at the bottom down there The low has been 203 We're now trading at 210.90 And so it's three days up now And what I'm waiting for Is I'm waiting to see the quality Of the rally that we get out of here So far it's only been up marginally For two days which is really nothing So the possibility Of it's going down one more time In a washout to 196 Is right there and I want To be really ready to see If it does get down there because if we Make new lows below 203 You've got a really high probability It's going to make 196 And we've been to 196 Before several years ago And if things are really bad And they seem to be That's what we'll be watching here Is that you're going to be seeing something That will make people be surprised Now natural gas is very important In China folks because of the fact That they have such bad pollution Those of you that have traveled there To Beijing or Guangzhou Some of those other large cities You'll remember how How bad it is And it's so bad in Beijing That well it was the last time I was there Which was 06 That when you're above 30 stories In one of the skyscrapers You get to see the blue sky But if you don't it's just all It's very yucky But we'll have to Decide whether that's going to happen I don't know anything about smog About as much as I do Negative interest rates Someone's asked a question About the rally in the NASDAQ I'll bring it up here again Just to show you where we are And it's important that this thing If the NASDAQ can get above that 70, 600 level One more time there's a chance We could get some more of a rally But if this is all we get Between Tuesday and Wednesday And the market closes lower and heads down We're looking at something Really nasty folks And if the people are having a flight To quality and bounce Maybe they're going to go to zero Maybe gold's going to run to 1600 Or 1900 or something like that These are interesting times As the old Chinese curse is So you have to be a little bit flexible As you see some of these things unfold Because it's getting pretty active out there And it is related to the negative interest rates There's something going on out there That these federal banks Must be scared of And I don't know what that is But someday they'll probably tell us But maybe again not In our lifetime But the markets are trading actively I mean you've got ups and downs You have the S&P swings 40, 50 points at a time The NASDAQ swings 200 points The Dow was down 900 It rallied to be To be up plus 300 yesterday So all of these Telling you you've got great volatility And if you're a short term swing trader Like I am most of the time It's some pretty good What we call things to do Let me just show you last night Just since we were watching I show you my The artificial intelligence program From last night you can see We were trading around 2854 In the S&P and the market rallied 40 handles up to 2888 And now we're back down And we've taken out those lows by quite a bit So we've had 40 up 60 down we had 100 point move In the S&P again 5,000 bucks And we're just getting started Here this morning so these are Some of the things you got to remember Because these are These are wild markets And that's pretty much Someone asked me what am I watching right now If I told you what I was watching right now You would probably Look at the notes just exploded To the upside another point And we got gold just making a new high And crude oil is Breaking down again NASDAQ falling out of bed So folks you don't want to be long stocks Guess you got to buy those bonds Because they're going higher Okay we got the gold is at 15, 16 what I'm watching folks And I don't know if it means anything or not But I'm just going to keep an eye on the gold Because there's a possibility Let's just bring this up here Just to show you what I'm looking at To get a little bit of a fun in this thing anyway So hold on a second Wow this is going to be an interesting one For sure huh Alright I'll bring this up to you Remember hey folks Let's a little caveat empty here Buyer beware this only works About 60% of the time So just be really careful and make sure That comes in at 10, 15 folks That's where the exact time is And that is in 23 minutes Let me make sure I got the right time Yeah it's 23 minutes if it's right It should top at that time I wouldn't try to pick a top there What I would do is I would go down To maybe a 15 minute chart And pick a low somewhere around 15, 12 something like that And sell it on a stop And then put your stop above that high That way you would be able to protect yourself From yourself If you're going to be watching that So that's pretty much What we're watching here With this so pay sort of Close attention to that That's all I'm basically trying to Import some information Whether it's right or not I don't know but those are just Some of the things that I'm looking at Boy just hey folks Please don't ask me About negative interest rates I know you keep asking me but honestly God I really don't know I just doesn't make any sense to me But hey the dot com bubble Didn't make any sense to me either But that came and went So we'll have to wait and see We've never had negative interest rates In 7,000 years Maybe this is the time to have it So we'll have to wait and see What that means but we'll go on to the next one Okay someone's asking a question About something that I do know a tiny Bit about and I do Recommend a tiny bit And that is this banking index And I wanted to show you the fact That we had this big move in the Banking index will break out to the upside Everybody was talking about it All it did was make a double top At the 61% retracement From May and then it just Totally reversed With the rest of the market and started To go down this is one of the reasons That we were very bearish Coming in to the market this week Was the fact that we were watching these things You know just get a little bit Crazy and that's exactly You know what we're seeing here So we'll watch that very very closely So we'll do one thing at a time As we walk through here My goodness we're almost to the break already Remember tomorrow folks we do have Norm Winsky as our guest Friday will be Bill Meridian And Bill has been very bullish on gold Talking about the fact that gold Look very bullish for the month of August And that's certainly been the case And we know we owe a big debt of gratitude For Mr. Z here in the room Because he's kept these folks Long and also Steve Steve Rhodes too Have you know they've been Long the gold for quite some time And but that's We'll see what happens anyway It looks like stocks are you know Getting ready to move a little older I'm just going to ask about the post of Bet is that BYND Is that beyond Meat is that what that is S&P I don't know if that's That must be it Okay I'll do the Bed Bath I'll do it beyond meat when we get back from the rig 877-927-6648 I'm certain You are or strive to be one of the best Of the best in everything you do in life It's the most common trait That's what most wealth managers And tigers share If you're looking to become the best of the best When it comes to managing your money Let me teach you to do what most wealth managers Tell you can't be done Which is how to time the markets I'm Steve Rhodes, author of Mastering Probability And for the last 12 months Timer Digest has been tracking my newsletter Signals which have earned me the ranking As their number one market timer In the nation for the S&P 500 For the last 12, 6 entry months Timer for gold as well The fact is markets can be timed And I'll teach you the exact set of tools That I use that has transformed me Into one of the best at what I do Sign up for Mastering Probability today By clicking on the newsletter tab On the homepage of TFNN.com And get immediate access to workshops Where I take you step by step How to use an 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All of the TFNN newsletters are informative Up-to-date, affordable And must have for every trader Looking to gain a competitive informational edge In today's markets TFNN newsletters cover every aspect of the markets To offer you the very latest In market news Plus new subscribers get to test drive Our newsletters risk free For 30 days From all aspects of the markets Bonds, metals, commodities and tech There's a newsletter to fit your needs Exclusively from TFNN Stay informed Each day you trade and get the competitive edge That will help you stay ahead of the game Visit our newsletters page By going to TFNN.com And click the newsletters button Near the top of the page TFNN.com Educating investors Since 1984 Basil Chapman has been using The Chapman Wave methodology To advise traders of his expert market opinion While originally hand drawing charts From the late 1970s Into the 1980s Basil noticed that prices under most circumstances Virtually always had a certain number Of legs to the upside Before declining sharply Later Basil found that computer software Which included the standard market technical indicators Enhanced the degree of accuracy In calling price turns As well as market trend calls The Chapman Wave sequence Using the Chapman Wave methodology Along with other indicators Basil Chapman advises his subscribers Of his expert market opinion Each market day with his opening call newsletter Right now you can get a two week free trial To the opening call Basil's daily trading newsletter By visiting the front page of TFNN.com Cancel at any time during that trial And pay absolutely nothing Get your two week free trial To Basil's newsletter the opening call today By visiting TFNN.com This segment is brought to you by Think or Swim For more information just click The Think or Swim banner on the front page Of TFNN.com Ok folks I just thought I mentioned that the S&P just made A 61% retracement of the low From August 5th That came in at 2823 We're now trading at 2831 So sort of keep an eye on it By the way the gold has just jumped Another $3 here which it should be Doing it should not be making A high until around 1015 So it could be a great deal Higher than the night or the 1520 That we've shown already So and remember this is Experimental so sometimes They work sometimes they don't And for heaven's sakes you know You have to use a stop there's no question Well Who knows anyway Let's keep an eye on it we'll do it for Experimental purposes if nothing else Very important that that S&P Holds that level now the bed Beyond meat I posted You can see the 61% retracement There's a big gap right there Right now it's you know down Like with the rest of the market But there should be some support At that 61% retracement There in beyond meat I Don't know anything about the product Other than the fact that it is Vegetable substitute with a whole Lot of chemicals in it but That close attention to it Regarding the euro folks we're now Getting ready to attack that 11250 level that we talked About earlier in the show Completing that very larger ABCD Pattern up there so that'll be Another one that will be quite Interesting but the key today From what we're looking at this morning Is that 2820 in the S&P As long as we can hold above that We've got a chance here to You know maybe bounce back a little Day and make some type of a bottom But we're going to see some Incredible volatility in all of These things including gold And we'll see swings of $50 $60 without any trouble at All as we go through Some of the things that we're Paying close attention to here Here today so that's Basically it so live every day In an attitude of gratitude and May god bless and we'll see On the flip side tomorrow with