 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. Okay, looking good, Billy Ray feeling good, Lewis. Let's take a look at the German Dax. As you can see, we backed off a little bit. Stopped right at the 61% retracement. Very interesting pattern. But if you want to see a really, really nice ABCD, you don't have to go any farther, of course, than the beautiful pattern that we're seeing here in the footsie. We'll get this up here. This is a compliments of our friend Boris Little Man, Trump Johnson, and he has got up to that 75-70 level. Beautiful ABCD. Now, folks, those two green triangles right there, some people have named that the cipher pattern. I don't know who exactly named it. It's actually a pretty good pattern, but you'll notice that we came down and made the 78% level down there at 71-40. Because the level of D is lower than the level of B, that does not make that a guardly or an ABCD or not. It makes the ABCD when you take the lower low, of course, but I believe they call that a cipher pattern. I don't see it too often, but it's certainly a tradable pattern because you've got three numbers up there. You've got a beautiful ABCD pattern at the ABCD level. You've got a CD expansion at 1.414, exactly at 75-70, and you've got a 1.618 expansion at 75-70. Those are the three numbers that are there, so you don't have to risk very much to see if you're right or not. That's the whole principle of what patterns really try to do is to limit the risk of what you're trying to see as you look at some of these patterns, and that's the real key. We've got a situation going right now. Hold on one second here. Remember, we put this chart up to alert you to the fact that we were going to be getting up to that 1.618 expansion up there at 1315, and we did get that. We've been as high as 1316.5, I believe, so far today. That's going to be a very interesting one to watch as we go through, but there's something in the wind here, folks. Let me show you something that I think is very important. It's very unusual. I think we'll chat about it here a bit since this is the show that I have the mic on. This is about open interest. I know you hear me harp a lot when markets are making new highs or new lows about open interest because it's the number of players coming in, but I'd like for you to look at the top arrow there, the red arrow, where it says the NASDAQ 100 futures. You notice that the NASDAQ has been the leading, the big daddy rabbit in this puppy on the way up, and of course, again, today we're almost at 8,900, but you notice we had a big drop in open interest, 3,400 contracts. That's not what's important, folks. Drop down to where the E-Mini S&P is. You see that E-Mini S&P futures? Open interest of 1.5. Look at the increase in open interest, folks. 141,489 lucky campers were able to buy. We're also 141,489 people going short, folks. That number is so big that I actually had to double-check it because usually when it's 50, it makes me wake up. When I started 141, I couldn't believe it. I don't know when we've seen one that big. It's really, truly amazing to me. It just absolutely blew me away when I saw that. The Dow Jones futures did virtually nothing. They didn't even have any change at all, but the NASDAQ dropped. The Russell, I don't think we did. Yeah, the Russell moved very little, so none of that really made a difference with that big increase in that number in the S&P was really, really very, very important. I don't know what it means yet, but we'll know in a day or two, but to see that big of open interest, what's so big about it, folks? When you get people buying in a new high or selling in a new high, that is unusual in itself. But when you see that much increase in open interest at that level, wow, that really means something. We'll see who the winners are. The winners will be announced on Tuesday morning, I guess, or maybe today, I don't know, but that's what we're watching as we go through and look at that. So it's just so phenomenal that it just absolutely blew me away. Now, we also have a nice ABCD pattern coming in here from one of our friends here across the pond that trades the Dow Jones, and you can see here that we're also completing an ABCD pattern from December 3rd's low. We went up, we pulled back to a 3-8-2 there on December 10th, and here we are on the 20th of December, trading at 28,460, whatever it is. That's the ABCD level, so that's another one that is lining up to see whether it's good. Now, the NASDAQ has gone through. It's destroyed the ABCD, and it is destroyed. It has also exceeded the 1.618 expansion, so maybe it's reduced to all this open interest, but we'll be able to see what's going to happen. There's rumors that the reason why that the market is so strong is that they're going to allow the Constitution to be changed so that President Trump can do another 3rd and possibly 4th term, but that's still in the works. We haven't heard anything on the absolute validity of those rumors yet, but we'll certainly be looking at it. Yes, the silver's starting to move, and I think the gold's starting to move. We're seeing those for quite some time. I think they've got a chance here. All we need for that goal to do, folks, is to get above that 2 to 1495 level, and I think it has a really good chance to have a terrific move, and that's what we're keeping our eyes on very, very closely, because if we can do that, it's got a real chance. We'll just put this chart up. You can see here we're breaking above this trend line right now. This up here so we can see it. We'll be looking at it. Jay, did you think I was kidding when I said that? Really, Jay? Shut the front door and raise the rent. What I joke to you, I tell you the stuff that's out there, there's not much of a joke anymore. Let's take a look here at this long-term chart in the gold. You can see that downtrend line. Beautiful ABCD. We pull back to 1474. Now we're powering ahead, and we need to get it above that 1492 level, and that would be a pretty big move to the downside, so we'll see whether, to the upside, sorry, but if it gets ready, we'll be able, no, no, no, Jay Bird, forget the boat ride, Bubba. Any boat ride I take with you, Tom and his fleet of yachts will be for, to go across the bay there. Well, he doesn't even have that anymore. I don't know if he has a dock at his new place in, say, Petersburg, but he certainly did over in, what was the name of that little town you lived in, not Cleveland? What was the name of the town where we used to be there? Shucks, I can't remember where the name of that city was. Clearwater, I knew it started with a C. Thank you, David. Yeah, Tommy, do you have a dock over there? I don't know if you do or not there in, say, Petersburg, but I just don't like boats, folks. I just never had any luck. So dock right near, there you go, see? There you go. Just right for like, we'll take a break here. 877-877-927-6648. 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. 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So I certainly wouldn't be a buyer here but it looks like this possibility of making 1639 is going to be a highly suspect. That's the 61% retracement on this so we'll have to wait and see. Someone's asked the question, is this related to the lighter volume and stuff that we have during this week? I think somewhat, but when you see the volume that we had on that increase in the open interest and the S&P yesterday, there's nothing holiday about that folks. That's one huge increase in open interest. I've asked my friend, Mr. Rich Anderson to give me his feedback on it. We've also had a question about having Bill Meridian on from Cycles Research in Vienna, Austria. We're going to try to get Bill on as near as we can but of course he's on holiday also. As is Tom Hougard, but Tom is going to be on Monday morning. He said he would be available and also Norm Winsky would be on the second half of the show on Monday. So we do have those lined up and I will have Stan Harley on during the holiday season for sure probably next week. Maybe we'll get Stan on maybe the day after Christmas because that's always a pretty active day and we'll be able to see that. I remember the office in Cleveland, on Cleveland Boulevard in Clearwater was number 618. When I first went to that office so I guess about 15 years ago I was very impressed that the office number was 618 and that was by accident by the way. So well at least I thought it was. All right let's take a look here what's going to be looking at some of these other things and what we've got going on this morning. Another one that is starting to move down let's get this picture of the Europe because we just broke major support here in the Euro just a few minutes ago. We're heading down towards that 61% retracement level. Oh dear give me a second here and oh yeah the beautiful lobby that they had there that was a beautiful building there. I was always impressed but the problem was the doggone thing wasn't very full but it was a beautiful building no question about it. I've seen the new offices over in St. Petersburg and they're beautiful too so yeah okay. No okay let's move on here to a couple of questions here that people have asked me about some of these things. First of all they've asked about Bitcoin and I want to give you the two questions I'll answer at one time. What do I do during the day when the markets are moving and I'm not watching them and what's going on. One of the things that I do continual research and I work with John Jameson over in the UK daily and we watch a lot of different things. Let's give you an example of what we were watching here. Here is the chart of Bitcoin. We're going to get this up here and get to be able to see this. You'll see this is the daily chart of Bitcoin. Now what you don't see here is you don't you don't see the lows from way back you know earlier in the year of last year or this year you know back there around January because the lows that we made over here you notice we made a double bottom there at 6400 that 6400 was believe it or not on an algorithmic chart. In other words look at the out you know it was really at a 382 retracement believe it or not on an algo chart and it was about a 7.707 on the other. Now what's interesting about that and this is what I do is when I'm working with somebody as smart as John is I allow him to I allow him boy that's a dummy thing but I watch what he's doing and here let's just take a quick look here you'll be able to see this because it's quite quite interesting here the type of research we're doing this research and other things too folks to hopefully to come out with an automatic trading system but you notice these lines that you see that look like bands or moving averages they have nothing to do with that those are just a standard deviations from the mean is what they are and as you notice when you get to that red line down there you're when you touch that red line you're at three standard deviations from the mean and so when you're trading at 6400 you want to be watching it very very closely and if you look down you can see a volume the volume starting to pick up quite a bit and that's what tips it off your first stop to place to go long is when you exceeded the the sixty two hundred level okay the second place was at 70 sixty nine hundred and then the third time was about seventy three hundred and that's by you know using Tom who guards idea of adding to winner so that's the type of thing that John is working on to see if these algos will you know stand up over time and so far they the results on them look pretty good and we're only doing it on cryptocurrencies because you know they have a lot of volatility and there's only forty nine hundred and fifty crypto currencies currencies to look at so that's just some of the things that we're looking at so we'll see see how some of these things are going someone's asked a question and why do I think that the gold is lagging behind silver boys and girls trust me on this I am absolutely the last person that anybody will ever answer a question about inside information or knowing why something happens I never know those things they never tell me I don't expect them to tell me but that's it I just look at the charts you know and like today we went short the S&P today at thirteen thirteen with a stop quite a bit above thirteen twenty well it used to be quite a bit above I don't know where it's trading now it's not too far away we need to get to thirteen thirty two but if you'll take a look at the one of my favorite quotes is that we have a situation where we're looking at Shucks where did I put that darn thing it was a quote by Paul Tudor Jones in the Wall Street Journal and the wall in the Wall Street Journal quoted him it says it must be wonderful to be Paul Tudor Jones to be able to pick the exact bottom in the Treasury bond market before it had one of its most explosive moves of the year and Paul Tudor Jones stopped the reporter he says in a minute he said you should you know report this as it should be and he is what you mean he said Paul Tudor Jones pick the exact bottom of the Treasury bond market for one of the most explosive moves of the year after being wrong six times in a row so there's the answer right there you nibble and take you take your little pickaxe and look for that gold mine sometimes you get it sometimes you don't then you move on you know to the next one and that's really what you're what you're going to be watching so keep a very very close eye on some of these things we're going to be interesting let me show you why we're up here oh dear let's just a minute see we had a big big drop in open interest in that NASDAQ yesterday with the market exploding to the upside I can understand that or I can understand is the big increase that we had in the S&P 500 that I know that's the bigger one you know because the NASDAQ is much smaller but that's really surprising there must be something really big you know coming out of these markets that would think it would be pretty good now let me just show you the NAT hold on one second we've got a question here coming in yeah well there's too many shorts wait a minute let me explain something to everybody there's got to be equal number of shorts as their equal number of longs you can't have an oversupply that's one thing I'm 100% sure of so we'll watch that very very closely 877-927-6648 Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out and throughout the week when warranted Larry will send out via charts or videos or both the key markets that he is watching during the day this will be up to the date active trading information that will help you in your daily trading in Larry's first week alone he sent out 25 charts 6 videos and a full report to his subscribers in just one week if you're a technical trader that uses patterns and retracements to trade then Larry's service Fibonacci 24-7 is something that you must try right now new subscribers can get a full 30-day money back guarantee with nothing to risk sign up now to Larry Pezzavento's Fibonacci 24-7 by visiting the front page of tfnn.com under trading 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miss out on this incredible new piece of software get your copy of the art of timing the trade charts 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 okay folks the S&P came within a point of what we were looking at is thirty two twenty five we got to thirty two twenty four we wow we've got a big drop here twenty points here in the Nasdaq in the last few minutes when the market opened we're having happy times in the market I see so that'll be interesting to take a look at okay now someone's asked the question is why do the ABCD patterns work sometime and sometimes they don't hmm the answer to that is folks have no idea all I know is that they work more than they fail and that's the you know that's the edge that you're you're trying to look at when you're you know watching you know some of these patterns so that's all I can tell you and we'll see you know what happens with them and we'll have to move on to the next level I believe that we did get down to the 61% retracement in the Euro let me double check that and I'll give you a quick quick lay of the land here no no we didn't we just made the ABCD folks down there at that 10850 level in the Euro so there should be some pretty strong support there right where we are right now in the Euro between 10850 and 10830 and the low so far this morning has been 10809 so that's down that's down quite a bit that hit that hit exactly 10810 was a number we got to 10809 so that might be a very interesting one to take a look at we'll see whether it means anything or not but that's very interesting I posted that chart so I hope you folks take a look at it because here again you know sometimes the ABCDs work perfectly usually it's that's about 40% of the time that it does that but the other part of the time it expands and contracts and what you're trying to do is to find multiple patterns that line up to give you the best possible risk-reward ratio of what you're looking at as far as picking tops and bottoms you know if Tudor Jones can try it you can too the problem is it might take you several times to get it right so you've got to keep your losses as slow as low as possible in order to determine if you're going to make it work or not but that's what we're watching here this morning I'm just in fact is that someone's asked a question why by being so emphatic about the open interest is folks I haven't seen anything like that happen before that's that's why I'm that's why I'm talking about it I really am so okay they're still showing the Bitcoin chart well something's wrong here let's get up here to show this Euro Euro chart for you and we'll be taking a look at it right here oh no we won't we got to change this change the camera just to tie there we go hold on second the old cowboy can't walk and chew gum at the same time alrighty so let's move on here and then we're ready to move on to the next one now okay how did we get there we almost got to 25 we got to 24 and a quarter 24 75 where is that 3225 level come on 3225 you can do it alright the gold's selling off now here we you know we got up to 85 almost 85 we backed off a couple of bucks the silver was going higher that's why we need to trade these things folks you got to trade the ones that are you know landing the best way so that's the the real key to looking at it and that's what I'm watching so far this morning someone's asked a question about the the the futures markets I'm really not doing a lot in the futures markets I'm basically you know watching the foreign exchange markets we just had a you know really big monster win in the natural gas I can certainly do that when Bob because I am watching natural gas very very closely I think I posted the chart for you guys to look at today you know what I don't think I did but let me let me do the coffee one first because someone's asked a question and Bob I'll do the natural gas for you here in just a second here and we'll move over here you'll see that we had that top up there at that 142 level that ABCD pattern there's a perfect example folks of the ABCD if you just looked at the simple ABCD it would take you up to around 130 probably about 128 128 to 129 look how it goes all the way up to 142 when I do that I extend the CD leg by 1.618 just to see if it gets close to the number okay so that number took us up to 140 well not only do I expand it extend it by by the time by the price I also want to look at the time so all I do is I go down to the load that was made there on the 17th of October I count the number of days up until the high that was made around 112 then it backs off a beautiful tiny little ABCD it doesn't even make a 382 it makes a 0.336 but it's a little ABCD pattern no question about that explosive move out of there that's telling you it wants to go higher and then I count the days to see how many days it should go up and the last time you did that you ran up a watt 17 days and you had 17 days to that it should have topped right around the 10th of December and it continued to go higher into the 13th or 14th so that's going to get you about as close as you can and now on the downside what you want to be watching is watch because this market is really bullish watch for a 382 retracement here which bring you into 122 that's a $20 per per pound drop in coffee which is a pretty substantial drop so you know it's going to be the biggest drop you've had in a while so that's going to be your key support there at the 122 level so that's the main thing all right now let's get over and take a look at the old natural gas for Bob this will only take a second here I believe just give me one second and we'll be able to watch it real closely here all righty well since we're doing this we might as well have a little fun here this is before we start talking about natural gas I'll just put up the AI gas for today and then we'll move over to the daily chart here in natural gas and you'll see that we've had a major bottom down here just get it up here we'll be able to take a quick look at it and you'll be able to see here that we've we were down yesterday we're down at that 61% retracement 24 and then we rallied up today to the 235 I think it was 234 40 and we're the real strong move here so I would be looking for a pullback here if you get a pullback in the natural gas because I think that low that we made yesterday being 61% retracement should be spot on because you know we had that big ABCD from August through November absolutely perfectly there's where the ABCD was perfect and if you did the time sequence from August through September and October through November you'll see that those times were very very closely but I'll allow you to do human nature and decide whether you want to do it yourself or not but that's really what you're watching as you look at some of these things unfold here I hope that helps Bob now this morning if you're looking at that if you're just watching for you know something really important with the natural gas watch for support to come in at the 382 which would be at 23220 as long as we can stay above 23220 that would be what we think would be pretty strong support because that's the 382 of the last bottom that we found there I hope that is looking at that now someone's got a question here about Apple okay it says Apple has about 30% short interest okay the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a 4 year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal 4 year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the 4 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 4 years what should you prefer $15,000 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 if you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for Tom O'Brien's gold report the summer is over gold is trading back above $1,500 and the 10 year treasury is hovering at around 1.5% Tom O'Brien has been writing his weekly gold report for almost 18 years there's no one that knows more about how the gold market trades and how gold mining equities react new subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning Tom publishes his weekly gold report with coverage of gold, silver, bonds, the XAU HUI, GDX, the dollar as well as more than 30 different mining equities as of September 3rd gold report subscribers will be able to see the respective open positions with an average unrealized profit of almost 38% for each position to see for yourself the types of profitable trades that are recommended within the gold report sign up today by visiting tfnn.com will the S&P 500 continue to climb for bold trades on us large cap stocks in either direction trade SPXL SPUU or SPXS directions daily S&P 500 bull and bear leveraged ETFs direction leveraged ETFs an investor 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 directioninvestments.com the funds prospectus and 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 for side funds services LLC the bull bear trading hour with Tom and Tommy O'Brien next alright folks we're back and we want to be watching Crude Oil folks because we've been up around this $3100 $61 a barrel level several times now we backed off about 50 cents from early this morning so we'll keep a keep an eye on that because I think we're getting ready to roll over in the Crude Oil market very important it says C below take a look at the Kansas City Charter this is about coffee I believe it's a high risk exactly Mr. Z saying that coffee chart that he posted shows at 140-240 the high this week was an exact test of the Fibonacci 618 resistance versus the top in 2016 another example of how Fibonacci numbers come into play contact me for further information I'm just joking about that part John but thank you so much for the heads up on that as you know I don't drink coffee very much in fact never in the last 40 years I think I've said this several times but since it's a Christmas season I'll tell you why this was during the big heyday of the markets during 1973 and 74 and I was long coffee, cocoa and cotton and what happened was the markets were limit up and I was taking profits and so I put my order in to sell the coffee the cocoa and the cotton limit up and believe it or not I had picked the absolute second of the high being made instead of being filled limit up I was filled limit down I still made a nice profit on the trade but after I felt that I was being you know hijacked for that money I decided not to not to trade that anymore and I never did for four years and I still haven't you know I've given some ideas on cocoa and stuff but as personally I have never done coffee cocoa I've traded sugar a few times but that didn't happen to me in sugar but coffee, cocoa and cotton and frankly folks it was just it was an accident it wasn't an accident it was exactly what the market was doing I had no reason to be upset in fact I can remember Roy Fassel telling me the floor broker was screaming on the squawk box do you want because I was I was livid and because I had like 10 contracts on each one and we were talking 50 grand and he said do you want the fills or not Roy was yelling at me saying yes yes yes yes and so I said okay even though I wanted to argue about it well they didn't trade for several more days to the downside so it saved me you know a lot of money I still made money but you know I felt that I had been ripped off in fact I wasn't you don't have that problem anymore folks because you're all like floor traders you've got these you know little machines here that tell you exactly what your equity is within a second and within one penny so you know exactly where you are you can see your you know the sometimes and you know really what you call it real active markets you can see the gaps that you have between being asked but that's pretty much it you know the squawk box is nothing more what is this man oh my gosh David I thought you knew what a squawk box was a squawk box was a little a little recording not a recording but a little speaker that said on the the offices in Takanti there were like four of them one in each corner and every morning they would come on and again the grains it was Ivan our and I can't remember all the guys but they would give their ideas of what the markets were going to be who was buying who was selling what the supply demand was and that's why the CNBC you know they still call it squawk box and I don't even think squawk boxes exist anymore I don't know if they do or not but that's that's what it was it was basically coming right from the floor of the Chicago Board Exchange Chicago Board of Trade or the Chicago Mercantile Exchange you could hear the noise and the stuff in the background and that's really what it was I figured you knew David but it's you know anyway that's pretty much that's pretty much what it is and they still when they started CNBC which was started by Sue Herrera along with Bill Griffin the first guy to start it was Mark what was Mark's name you know the really nice guy that died of a heart attack when they told him he was going to be removed Mark Haynes Mark Haynes yes Mark Haynes Mark Haynes when he they told him he was going to be demoted down to a reporter he died the next day of a heart attack I think it was a broken heart because he was still the real I think the real anchor of that and of course Joe Kernan took his place that's neither here that's just life folks things go on things move around 20 years from now they're going to have to ask himself who was president who was a 45th president of the United States they'll probably say that and you know what 20 years from now it might be the same guy no I'm just joking I better stop joking otherwise they'll be taking me off the air and I wouldn't know what to do for this hour of the morning by them taking me off the air all right the next question that I had was about the British pound I believe let's take a quick look at this oh no it was about the TBT folks I really think that we are going to have a situation where we're going to be looking at higher interest rates down the road you can see here that we made that big 1.618 expansion there on the weekly chart and I believe we're heading higher in the Treasury TBT ETF for short Treasury bonds the bonds still look weak they just keep getting weaker and weaker and they don't look very good at all remember yesterday oh I got something really cool to show you I wasn't going to do this but I'm going to show you anyway get this up here you'll see here this is the the bond the German bond at 382 rally on the weekly or daily and headed lower but let me show you this folks this is a really interesting thing this is a picture that I just see this is of the future I'm not going to tell you when this was if you can guess the year you'll get a big prize but here is a picture of what the future was supposed to bring in other words the mind you can see the cell phone on the side and all the other stuff that's going on do you know when that when that thing was that's an art object actually but when the guy conceived it it was you know someone like HG Wells and some of the others guys that are out there that was done in 19 19 folks and the whole theory of it was that the mind the body was going to be taken over by Onyx and it was be you know be and we're heading that way right now the way it goes so we'll see wow I've stalled as long as I can to the break but we'll see any questions folks 877 9276 48 I'll be happy to answer any questions to see if our S&P got to that 25 no we got to 32 oh we got to 32 2475 very strange what's interesting is is that we've had a 30 point break in the NASDAQ which is which is quite unusual so we'll see whether that is going to mean very much or not we'll have to do one thing at a time to see if that is going to be the case okay let's move on here to see if we have anything else moving in here and then that's about it I believe let me see the gold still see the gold is backed off another couple of bucks folks it's not moving with the with the silver so that's not a good sign so maybe silver just touch that 786 level and then backed off a little bit but we'll need to wait and see all righty okay we got it next to 877 9276648 I've run out of material that I was going to cover today so when we get back I'll run through you know a couple of long term charts just to see where we are and we'll go from there someday this market will turn down probably not in my lifetime but we'll be able to see you know okay alright alright we'll be right back 8779276648 I'm certain you are or strive to be one of the best at everything you do in life it's the most common trait we tigers 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 months and 3 months Timer Digest also ranks me as the number one market 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 extraordinary set of tools as well as provide great market calls too and I'll see you on Monday if you haven't checked out the newsletters page of TFNN.com what are you waiting for 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 days from all aspects of the markets including stocks 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 since 1984 Bazel 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 Bazel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Bazel found that computer software which included the standard market technical indicators enhance the degree of accuracy and price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Bazel 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 Bazel's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing for 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 okay we're back folks and someone we were talking about the Nasdaq had a high of March Nasdaq had a high of 87-24 it backed off 30 handles to 86-94 folks it's all related to that open-interest stuff that's going on over there I mean to see an open interest increase in the S&P of 144,000 contracts is just absolutely unbelievable I mean not only that what's unbelievable is on the long I mean that means for every long there's a short so some people with some really big conviction came in and decided to play that's what it means to me but you gotta ask yourself boy oh boy that takes a lot of open interest boy that just really shocks me and I'm not shocked very often but that certainly does regarding the gold as long as the gold is trading what 1482 it takes a heartbeat to get it above 1490 if we get it above 1490 it's gonna look pretty good and if it doesn't get above 1490 we're gonna back down the ideal situation is have one more break in gold and silver silver doesn't look like it wants to break and platinum is held up relatively well too but if it can get down there around that 1410 that's down about 70 bucks where we are right now which is quite a bit but if we got there that would be a 61% retracement on the long term low from way back at you know at 1325 I believe so if it got there that would really be good but right now it's just in this really tight trading range we saw the importance of the 1463 64 that was a 78% 135 pattern perfectly and that's what's going on John's saying that he was shocked to find out that gambling what we do here folks is intelligent risk speculation there's a big difference between gambling and investing in stocks gambling you have to give up an edge and whereas in the stocks you create your edge and that's the main thing to look at as you go through looking at some of these so we're winding up the week here I want everybody to have a wonderful holiday we'll be back Monday with our two guests Tom Hougard and Norman Winske