 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Okay, folks. This is Ed McMahon setting in for Johnny Carson. That's what I feel like today, setting in for Basil Chapman. But we're going to try to get a few of these things done. This is Larry Pesseveno for TFNN today. I'll also be doing my show. But I want to bring out a couple of things that are going on in the market, folks. Let's bring over the Treasury bonds because, you know, these have been going down since Hector was a pup, and they continue to break lower. As you can see, over the last few days, we made a little 3-8-2 retracement there here on Friday. And as you can see, we're continuing to go down a great deal lower. Folks, the number that we're looking at here in the Treasury bonds, believe it or not, is down here at 106. You know, see, we're nine handles away, and we're really dropping quickly. And remember, we had this big move down here, and that's what this was equaling to right here. People seem to be surprised, but we're not really, because the Federal Reserve said they were going to raise rates, and that's exactly what they're doing. So whether that affects stocks for a long period of time, I don't know or not, but that's what's happening. This is the main reason why I think the markets are selling off so much, is because the fact that the Treasury bonds are so very, very weak. Now, I posted the chart of the E-mini S&P here, because we're very close to some serious support here. Let's get this up here and bring up the daily chart, and you'll see we've been waiting for this to get down here to this level, right here at about 43.16. So far, our low has been 43.38. We rallied about 30 handles here just a minute ago, but this is where I think we're going to go, which is at 43. Now, if we get below this, and if we get below this, that's going to be crazy, because that's going to be interesting. But as Tommy mentioned before, you know, we just had a 1% rally in the Russell, and the Nasdaq rallied 100 points. So the first thing I'll do is when I'm watching this, from watching the S&P, I'll just go down to a smaller time frame and see what's actually happened. So let's get this out of the way. Here's what happened last night. You can see we had an A, B, C, D pattern right here, and then we had another one forming right in here. Let's just get these in here. I'm just an old A, B, C, D guy. So there's your A, B, C, D there. There's your A, B, C, D. Whoa, where are you, buddy? Oh, it's a squirrely little rascal. Anyway, that's pretty close to right on the money. Now, you notice we've rallied 33 handles very, very quickly, but the first thing you want to do is to go back and look at the 3A2 from the hide that we made here on Friday, and you can see that's all we've done. Now, the first key that we've got a major bottom in here is if we start going about 43.62, now that will be a really... That'll be a good thing to be looking for. So anyway, that's what we're watching here this morning in the S&P. So just keep that in mind. That's what we're watching is to watch how these markets jump around the A, B, C, Ds, and that's what we're watching for. Now, the next one, of course, you notice here in the gold market, we came within a heartbeat of the 3A2 again last night, missing it by half a dollar. We hit it back here. We're still heading lower as near as we can tell. So, you know, keep your stop at break even if you happen to be short that gold from 48. And then also, the other one that is really exciting here from a technical standpoint is the Dow Jones E-mini, folks. I want to get this up here to show you because it's got some really interesting stuff right where we are right now. Now, here, this is the 60-minute chart, and this is when we switched over from the December. So just forget that. This is okay, and this is okay, but this is what you want to see this right here because we've been down here now to the 1.618 expansion here one, two, three, four times in the last three hours. That's right where we're trading right now. Now, if we start closing below that, that means we're going to be going a lot lower. But basically what it looks like is completing this big A-B-C-D pattern to the downside in this area. So it's going to be important to whether we hold this up or not. But the fact that we are, and the fact that the Russell's bounced a little bit and the Nasdaq rallied 100 handles, that's a sign that we might be looking at bottom. If you remember, if you listen to the regular show that we have here every day at trade, what you see at one o'clock, we talked about when we had Rosh Hashanah, which was today. And then if we look at where we had Yom Kippur, which, excuse me, folks, Rosh Hashanah was way back here on the 15th. And then, of course, yesterday was Rom Yom Kippur. I think it ends today. But it says on the calendar, the 24th, that would have been yesterday. But the adage was, the old biblical adage in the stock market was to sell on Rosh Hashanah and buy in Yom Kippur. And that is nothing more than a lunar cycle out of the Bible, folks. Now, whether that means anything or not, this year it happened to work. But I've looked at those in historical years, and they only work about 60% of the time. And many of the times they invert. So that's why I'm watching that one relatively closely as we're following some of these things in here. So keep a really close eye on this one here in the Dow Jones Dow. This is not a really good three drive to a bottom, folks, as you can see here, because we really don't have any symmetry. You see, if you had some really good symmetry here, it would be nice, but we do not have that. But there's drive one, there's drive two, and there's drive three. Now, whether that's going to be enough to make a three drive, I'm not sure, but there's just not any really good symmetry. See, the thing doesn't even catch it right. So that's why it's a little more difficult. We'll draw it in again so that we can see it. It's hard to draw with this thing going on because these things are really super sensitive. But that's, we should get a pretty good rally in here would be my guest starting sometime today. And of course we had the equinox, the autumn equinox on Saturday, which was a big deal. At least it was from the Mayans and the Egyptians and the people from Stonehenge, but maybe not so much from the people from the offices abroad and wall. Okay, now let's move on. We've covered the gold and we've covered that and we want to cover the currencies because that's where the fat lady is dancing today, folks. We have broken through substantially of all of the numbers. We warned everybody about that last night. Well, early yesterday on Sunday, I said be careful because the pound is saying it wants to go a whole lot lower. We'll do the pound second, so we'll look at the euro here. You can see after we had that big move up here to the 61% retracement, all we could do was rally back just about to the 50% level here on Friday and now we're breaking down. Here was a key that was not going to work was right here last night. We had a two-hour rally here, folks. You see this two-hour rally? Okay, Johnny, raise your hand. What was that two-hour rally? It was spot-on right there at the old 382. Now we're coming down and you've got to go to the daily chart. Well, we've got to actually go to the weekly because we're really starting to accelerate. We've broken through. You see how we broke through here? And now we're breaking down even more. So that tells us that we are going. I mean, don't care where 11 weeks, but it doesn't make any difference. Look at this one. We'll be going 18 weeks and we're going to have 18 weeks to the downside so you don't really know. That's the fair. Let's take a break. 877-927-6648, Philly Ray Valentine, Kepricorn. 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. 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Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors. TFNN has launched 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. The Tiger's Den. Available to all tigers and tigeresses for just $1 for the year. There's no cash or added costs when you join our community of traders. 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. Okay, folks, Larry Pesavino is heading in for Basil Chapman and since we've only got you for an hour today, let's have a little fun here. I'm going to bring up a chart here of the Crudel. You can see we jump around quite a bit in Crude, but this is where we are right now. This is a kind that I like to see. We've had a big move down. Okay, we rallied up 61. We came down. Now we're testing the 382. We have to go back to the high right back here. We just made the 382 just now right here at $89.98. I would be putting my stop here at $90.18. I'm only going to risk $200 because there's a 382. It should stop. My stop would be here at $90.18. Okay, that's all I'm doing. I don't know if it's going to work or not. I know that it's going to work two thirds of the time, and that's all I'm going to look at. Okay, now let's get back to what we're talking about here with the S&P because several people have already emailed me. There's a goal starting to break. That's what we like to see. This is what we like to see. See that goal starting to break? There's what we like to see. Hold on. Let's move over here now to the to the S&P here for just a second. We won't worry about the Crudel for a second, but anyway, let's take a look here. You see, we made the 382 here in the S&P. That was off of the high. Okay. Now, that's important. Two reasons why it's important, folks. These markets, what they do is they repeat over and over again. Remember we did this pattern right here. Now, if that move right there is any good, it should have repeated right here. So we just move this over like this and there it is. You see how it repeated? Right at that number right there. So that's basically how you determine a trend line. Because if you look and see and you drew this down like this, there's where it is. That's where we start closing above here. That's telling you we got something good going. The fact that we've had this big jump right here, that's a good sign too. But the bad part is it hadn't gone any higher than that. So that's why we got to be watching it. Okay. That's just the normal fluctuations in the market as they say in a trade. Hold on now. Let's go back and I'm going to repeat what we were doing here in the crude oil. And we're going to find out whether it's going to work or not. Right now it's not working. But remember our stops, we sold it at $89.98 and our stops going to be at $90.18. That's only $200 in a market that's worth $90,000. So what I'll do now, I'm going to put my stop in right here. If they get me, they get me. So be it and move on to the next one. I won't even be looking at it. Okay, now let's go back. And here's another one that I'm looking at today. There's I want to get this back to the bonds for just a second folks to show you why these markets are so very, very susceptible to down moves is because what's happening in the bond market. Let's get this up on the longer timeframe because this is where the big daddy rabbit plays. And you'll notice here we're breaking down really. Shucks. Now it's saying it's not seeing the charts. Let's go back here. Not seeing the charts now. What's going on here? You have to manually click the screen. What am I doing wrong here? All right, let me. Okay, let me try to do this again. Hold on. Boy, I just don't give a don't give a. Okay, now. All right. What am I doing now? Am I showing the screen or the application? But you're trying to? Well, I want to try to get this thing right here and we'll get it done here. Hold on to see if we can see. I hope click the screen. I don't know if that gets me to where I want to show you or not because this tells us that. Come on, get any Skype messages from people that are happy. Hang on on those. But folks, this looks like basically what I'm trying to show you here is that we're heading down to this level right here. I don't even know. You know, hold on one second here. I want to check with the folks at TFNN to see if it's working now. Is it working now? Is the screen working or not working? I'm going to try it one more time. I think it's time for me to pick up my toolbox and get out of get out of dodge. All right, is it working or not? Does it show the screen? Someone please tell me because I can't do both. I can't look at the screen and see if anybody at TFNNN is answering me. So I do not know the answer to that. Well, sorry, Basil, I'm doing a terrible job at your show today, but nothing else I can do about it. Anyway, this is what we're looking at folks here in the Treasury bond. I hope you can see the Treasury bond chart. I'm going to be looking at it right here. Boy, I think it's working now, but I don't know for sure. All right, there's our big leg way back here last year. There was our ABCD move right here. That's taken us to 106 folks. That's nothing more than a large ABCD down here 106. And believe me, you know, Treasury bonds can go there without any trouble. Folks, do you remember two and a half years ago? Let's just bring this up here to take a quick look at it here on the long term monthly. You remember up here, where we were making that big three drive to a top pattern up in here, and they were telling us how wonderful negative interest rates were going to be for us. Do you remember that? Can someone tell me whether they can see the monthly Treasury bond chart to see if that's coming up or not? And we're going to see if that's going to be the case or not. Let's just double check. That's what I've been trying to do. That's what I've been doing. I go up there and I hit screens and then I hit screen one and go live. And then that should do it, I guess. Let's see. Now you got it. There you go. They say I've got it. Whatever that means. Okay, here's the monthly Treasury bond chart going back where we topped several years ago. Remember, this was negative interest rates, folks, greatest thing ever to happen to us. And now you see where we're coming down to now. I mean, we're folks, if you go back and look at this, I mean, I can go back a very, very long time here. And you can remember because when I first started trading bonds in 76, when they first came out, you know, they were trading at 59. And that meant that interest rates were 13% because it was a 16% yield on that bond. Now 6% yield doesn't seem like a big deal, but we're not very far away. But look at this, folks, we're in big trouble here. We're looking at interest rates. Interest rates hit 8% on the mortgage market today I saw on TFNN, so not TFNN on Bloomberg. So let's remind ourselves of that. So get this back to where we are here on the bonds. We're still breaking down. There was the 382 last night. We pointed this out to you folks on Friday. If you remember, there was the 382 right there. We'll just draw that in so we can see everybody can see it together. And there it was right there. So pretty much spot on went above it by about six ticks. And now, you know, we're heading down. So it's pretty, pretty nasty. Now the key to watch today, folks, let's just get back to not to lose because see the bot seat here. See that they now we're starting to lose we're losing ground now in the Dow Jones. And I'll I'll bet you that that 382 stopped the S&P. Let's just move these window. Hold on a second window. How do I get this thing straightened up here? Time vertical. Okay. Where's our S&P at? Yeah, see the S&P cannot get above that 61% retracement folks. That's why it's having trouble. Okay, we're going to take a break here 877-927-6648 adding stock options to your portfolio can be a major game changer. But the full complexities of these instruments can oftentimes allude even the most experienced traders. Whether your season trader looking to sharpen your knowledge on options or you're completely new to the market, Teddy Kextat is here to help. On Wednesday, September 27, from 4pm to 5pm Eastern time, Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock option spreads. 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Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors. Don't forget you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV. Okay, we're back folks and we're going to talk about the crude oil that started to work in our favor here for just a second. So what we're going to do here is we're going to try to get back up there to show it again. Here's where we are. Now we sold it here now we've already it's up $500 now. So what you want to do is you want to have your stop at break even but also what you want to be doing is you're not trying to cover this at $62 a barrel what you'd like to do if you get lucky and sometimes you do you take your A leg right there there's your B leg right there there's your C leg right here. Your profit objective would be right here and let's let's call it 8912. Okay now if that came in at 8912 you'd have made $800 you're either going to make $800 or you're going to break even. Okay, now the C the key here is you'd like to see this start getting below here because this level that tells us yeah this ABCD the fact that we've made a double bottom here a little early but if we do break below that that tells us we're most probably going to get ready to get to that level so that's would be your place you're going to do your break even or you're going to make a couple of bucks that's basically the bottom line of you know what we're watching as we're as we're doing this. Okay, someone asked a question is that number that we're looking at in the S&P still valid. Of course it is. If you take a look at this what we're seeing here now is just the market backing off again. There was there was the equal move. There was the equal move right here now we're starting to back down right here. We had this big move up that caught a lot of short covering just like this one did. Okay. Look out. Let's just check and see how if that market repeated. We went from forty three sixty two up here to forty two and I we rallied twenty eight handles. Okay. On this one right here we rallied twenty seven handles. So see how they're almost almost equal. So that's what we're watching but it's coming down quietly. This one came down way too fast but this one's coming down quietly. So we've got a little bit of a chance in here that these stocks could hold if they get above here they're going to go. They're going to have a rally is my guess. If we get above forty three sixty five I believe we'll probably have a rally. It's due. We're down about six or seven days. I think at least six or seven days. Well I can tell you right now we started on on Yom Kuput Rosh Hashanah on the the 15th that was Friday and here we are six seven eight eight days. So there we are on the eighth day right here on the twenty fifth. So that should be a should be a start of a rally if it's going to rally at all. So I hope that makes some sense. But that's what we're watching here as we're starting to unload these things going on from where we are right now. OK. Let's move on here to the next one here and see what else we've got here. Oh let's take a look at what the possibility would be of a profit in this. The goal that we've been watching. There you can see. There's your three eight two retracement here. All we did is go back and almost hit it again. Exactly. And now we're starting to move down what we would be expecting now. Remember now this is just a 13 minute chart but it gives you several days action. And so you'd be watching for this. That old pattern that we love so dearly and that's the old AB equals seeding as Mark Douglas would say if he were sitting here next to me. And that would tell us we've got a shot at 1913 here in the gold if we get below here. And you see we hit it once here and we haven't gone below it yet. But if we start getting below here if we start getting below here that tells us we're going to be probably heading down to that level right here. Now I just since I've been watching these things let me move over. I want to get the the thing corrected here so we can see things together. And I didn't hear my beeper go off in the in the crude all I just didn't. Oh I had it said did go below it by a little bit but didn't the beeper didn't go off. So keep your stop working at either break even or you're going to cover it at 89 12. That's what I would be doing that way. If you wanted to book yourself $400 here you're certainly welcome to do that. That's that's certainly acceptable. I'm going to go for the gold and try to get down there at 89 12 because that's just the way I don't want to watch too much stuff during the day. My main focus today is this S&P here folks because if we can get it above forty three sixty five that's got a chance for a pretty good rally. And the reason why you know we're only down a little bit today and in the Russell still up the Nasdaq still up. I mean this is this is not acting like a really bearish market. Now if you look at the currencies look at that these things are this not a weekly anymore but let's get this up here on the currency. Look at these these currencies are dropping like a rock. I mean they're just you know they're really going down hard. Your your pound is breaking your yen is breaking up yen's going up. That's when we should check because I think that's a really interesting one to look at here. Hold on one second. I want to show you something about the yen that is very important from one of our good friends over in the U.K. Mr. M. B. and I want to get this up here. I want to get this out of the way here. Get this out of the way here. I want to show you this Japan. This is the Japanese yen. I hope this is still coming up. Let's get this up here so that we can see it long term. Let me get this up here. I want to get hold on and change. I got to hit change share my screen. Oh what did I do wrong here? Screen one. Oh dear. Now I've messed it up. Change windows. Let me try here. Screens. This is what I want here. Okay get it up here. Okay now I hope you can see the long term picture on the Japanese yen. This is going back 50 years folks. 1975 we're making a 382 retracement from 1983 right up in this area. This is why this 150 area is so very very important in the yen dollar. That is really a big one. You got it. You can see the ABCDs. Now that's long term monthly a hard labor. Look at that. But the fact that that number is there and we've been there that's really important. So we've got to be very very cognizant of what the heck's going on with that stuff right now. So I hope that makes a little bit of sense of what we're paying attention to here today. Someone asked a question about the the price of apple. So what I'm going to do here is I'm going to bring up the price of apple and get the chart up here. One second. Mr. Appel who's down by the well. Let's do the daily. So we'll get the daily up here. This has been acting relatively well. You get this. There's where we are right now. And here's apple. Okay. And there's where we go. Remember this is where we this is where we broke the long-term trend line. If you remember that right there we had that focus for quite a while. Then we came down and look where we stopped folks. Can't make this up. There was just 61 percent retracement right here at $1.90. We're now trading at 174. Still holding up. I mean we're we're still higher than we were three days ago. There's a still possibility we're going to make 162 which I think we will make but we might get a might get a little bit of a rally in here before that happens. But this last rally if we look at this if you like 382s let's just see if that happened to be a 382. Wouldn't that be amazing Johnny if it was. Hold on one second. Johnny's got his placard up. He says 382 shut the front door and give the young man a candy cigar. He's hit it right on the money 382 right there on the old Mr. Appel who's down by the well three days ago it hit 179.85 which was none other than Ringabelle. I did have my old John Hill Bell here but I can't reach it at 382. So sometimes they work sometimes they don't. That's the bottom line of what we're watching right now. Okay let's move on here and someone else a question about Tesla because they have a position in Tesla and they're asking me what I'm looking at. We're going to take a break here. We're going to get back with Mr. Elon Musk and his favorite stock Tesla. Stay with us. 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. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. 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. 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Okay folks, Larry Pesavino setting in for Basil Chapman. We have a request about Tesla. Now, you'll notice this was the day when they came out Morgan Stanley folks right here came out and said this is going to go to 440, okay? Well, it went to 280, 278, exactly 78%. As you can see, this is drawn in by the program that I use with Ensign. And that's exactly what we've done. Everybody that did that is now setting with a $20 loss. I mean, they thought it was going to go to 440. Hey, you know, folks, it probably will go to 440, but it ain't going to go there today. So all I'm saying is I look at these numbers. That's all I do. I'm a number person. If you don't like ABCDs, folks, maybe this will give you a little bit of a hint why it might be profitable to take a look at it. There is A right there. There is B right there. You see 618 right there. That's C and look where D is, folks. 105. Low on the stock was 104. 104, it went to 300. Where was that? 61% of the high that it made way back here. These numbers work. The trouble is they don't work all the time, and that's what you want to remember. So this is, if someone's asked me, where do I think it's going to go? Well, let's just take a look at the numbers. Now, this is a daily, so if we look at this, we go from the last low that was right here, go up to the high, and it should be setting. We're sitting right at the low today was 237, 87, and that was a 61% retracement of this move right here. So if you buy it there, it's a $241 stock. You only have to risk four bucks. I mean, my God, that's only less than 1% for heaven's sake. So that's what you'd want to be looking for because it stopped right there where it should have. Whether that means anything, don't know for sure, but that's what it's doing anyway. All right, let's get back to our crude oil here to see how we're doing. We did get down a little bit lower. We got down to, we got as low as 26, so we're getting closer. So if you're still in it, look for 89, 12, you're not very far away. And that's it. We did have a little bit, had a little bit of a rally here, about 30 pips in between that time, but not too much is not too much is happening as we as we look at this unfold today. Now, since we've got a little bit more time in here, we've had one other request to take a look at another one of the big stocks, which was Nvidia. And I think that starts with an end, doesn't it? Let's get up here and find if we can find Nvidia. There's end, uh-huh. There it is right there. So we're going to bring up Nvidia and we're going to take a look at Nvidia to see what it's doing. This has been a big, big, big stock. This is, everybody loves this stock. They loved it a little too much up there at the three drive to a top pattern. Let's just draw that in right there. So there's where we were here. This was the big gap. This is the three drive pattern, folks. There's drive one. You see the symmetry here? There is drive one. There's drive two. There's drive three. Okay? That's what we're looking for. Now we also like to see, when we have that, as we like to see A, B equal CD. Unfortunately, I don't think it's going to be perfect, but it's going to be close. There's your A leg right there. There's your B leg right here. There's your C leg right here. And it should have gone to 516, but it went to 502. So I missed it by a little bit. And then, of course, I hit it twice, 5500. And then it looked like it was going to go to 516. It made a 1.27 of this swing right here. And now we're coming down. So we should be coming into really strong support here at NVIDIA. And the reason why is, if you go back to the last where we had the gap, you're going to be seeing that there's where we are. There's our 61% retracement. We're back above, actually up on the day too. So we're above the high the last three days, right at the 61% retracement. Another reason we might get a little bit of rally here in some of these stocks. So that's what we're looking at here in NVIDIA as we're going through. Now let's take a quick look at the old stop and pee here, because this is where the pedal meets the metal. And we're going to find out whether it's got any rallying power at all, because it's holding up relatively nicely. See, for the last high we made, we pulled back. On the pull back, we went exactly to the 61% retracement. You can see within one tick of the exact 61% retracement. So all we have to do now is start getting it above here and the shorts are going to get a little nervous, because folks, we're only down just a little bit. On the day, I think we're down like four or five points. That's nothing considering we were down 30. Hello operator. I mean, you don't have to figure that one out very much, okay? So let's remind that. You can see here the British pound just keeps heading for lower ground. So I don't know where the pound is going. If we look at this, this was another question that someone had. Get the daily up first on the pound. And the key here was when we went below that 124 level, because that was such an important level right here. If you remember, that's it. And when we broke the 1.618 two days ago, another reason to tell us we were going down. And if we looked at this on the long term weekly, which we spent a lot of time on our forex, look at this. See how it broke that 124 level right here? Well, actually 123.50. And now we're 122.03. So we're still going down quite a bit. How much lower? I don't know. But remember back here, we got to 103 and change. And then we rallied to 132. So who knows? This was a, well, you can see there's a cascading low right here. But anyway, that's what we're watching here. There's just no support here in the euro or the dollar or any of these. I mean, everybody wants to be long the U.S. dollar. And maybe that's the right thing to be. At least it is for today. That's absolutely for sure. Okay, someone asked me to take a look at the Nasdaq since we have a few minutes here and we'll see what it's been doing. I don't trade the Nasdaq very often, but let's get it up here. Here is the December. And you'll see here that we've got a price objective originally down here. But you notice here that we did, we took out the slow right here of August. We took out that low, which came in at 114.792. The low today was 14.782. So it took this out by 10 points and then it rallied 100 points. I'll just pop it up to let you see what it did. Boom, there was your rally right here. And then they're the same thing here. You want to see the pullback. There's your pullback right at the 61. This is important. Let me show you why. If you go back and look at the last high we made right back here, Johnny, raise your hand. What do you think that is, Johnny? Uh-oh. Guess what? It's 382. It's actually a little more than 382. It's almost 50%. But this is why it's so important now, because you've had the test, okay? You've had the low. You had the rally. Now you had the test. So it's holding, okay, as long as we can stay above this level right here, we've got a chance for the market to close higher today. And I don't know whether it's going to go, but it's not going to go very far. Folks, the main thing that you've got to keep in mind, and this is my two cents worth, and believe me, if you pay more than that, you'll pay. Look at this S&P now. I want to show you something because this is really super important, okay? This is going to go to an hourly chart and just show you why, okay? If all we can do, there was a 382 right here. If you remember that one, that was from that level right there. We've already talked about that. That was the Fed Day right there. There was Fed Day right there. Now, we're looking for the next one that's going to come in right here. It didn't come in here. It might come in here. So what you want to be watching here is the next day or two might be, well, might be today. Hold on. From your high down to your low to this level, whatever the slow is down here, it might go lower, but whatever that low is, watch for the 382. It comes in here at 4403. That's the one you want. It takes three days to get here. More gives the house. Sell it. It's going lower. We'll be right back, folks. Billy Ray Valentine from Fazzle Chapman. 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. 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Actually it's up uh yeah six hundred sixty dollars and we're trying to make eight hundred so that's close enough. So I would just go ahead and cover the position here around this eighty nine thirty level. That'll lock in at least six hundred dollars. You're going to give up this possibly but remember could also rally more so I would rather get out here and then take a nice little profit that way the people from Basel show won't throw eggs at me and I don't like eggs when they're rotten eggs those are bad eggs and don't throw hard boiled eggs either they hurt. So anyway I know just as soon as we cover it it'll be here in a heartbeat but that doesn't make any difference. Anyway I just wanted to show you why I looked at that 382 retracement up here coming off at that level right here. You saw the big move down the 382 rally back and remember this has been the most bullish thing that we've had here since uh gold went to uh what two thousand twenty one hundred just five or six months ago were considerably below that right now. Okay anyway that's what we're paying a close attention to here today. I'll be doing some more on my show at one o'clock. I'm hoping that we have Joe DiNapoli but so far I have not been able to reach him so I'm probably going to be doing it by myself today maybe we'll have Joe on tomorrow for a guest who's always have a lot of fun and he's been expecting a big break like this. You can see why I'm laughing folks it just hit the price objective 8912. Anyway that's nearer here to there that's the way it goes. Got to love it. Can't make it up folks. Ribbonacci 877-927-6648. Stay tuned for Steve Rhodes I believe.