 The following is a presentation of TFNN Trade what you see With Larry Pezzavento All now toll-free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis our guest today will be Shane Smollion at the half hour He has some continuation things that we had from last week that we didn't quite get done Tomorrow we have Bill Meridian of Cycles Research in Austria currently in New York and on the 30th of April We are going to have a new guest a gentleman that I've known for a long time Andy Piccoli He is from the Foundation for the study of cycles. We also have the cycle sciences Website he's been around for a long time. He's going to be our guest on the 30th And then on Friday, we will have Tim boss the financial cycles weekly That'll be the ones that will have this week So that'll be fun to see what these folks have to offer now I've posted the first chart here of the DAX and as you can see we've had a big big move Hold on question is asked here about Stan this change expected down move I will ask I will ask Stan this this morning and ask him that question And maybe we can get him on next week and I will be happy to look at silver In just a little bit, but let's get through with these things with the European stuff for sure We've looked at the footsie and we've looked at the I think I looked at don't put the footsie up there Let's get that up here And then we'll get on to some of these other things that you folks are asking us about but folks There is trouble in the heritage house here at the offices of Duke and Duke Philadelphia, Pennsylvania. This is the ultimate conspiracy theory. Okay. Are you ready for this folks? They don't make this stuff up. Let me take a look at this. This is the new Quarter for the United States of America and can you believe This is the reverse side It's a it's a commemorative of the bats the mother bat and the baby bat From the Samoan Islands the American Samoa Islands 2020. This is an actual coin Folks, I am going to buy four rolls of those quarters because I believe that Something is going to be you know, just like the Susan B Anthony ones that never never went anywhere I I think this is going to be a collector's item. Can you imagine that having the bats and this has to be planned? Oh my god a couple years in advance if you remember a few years ago Jack Lew who was the secretary of the Treasury under President Obama he wanted to change the face of the $20 bill from Andrew Jackson to Harriet Hubbard I believe who was one of the ladies that was responsible for the Underground Railroad that freed the slaves I mean there would not be a United States if it weren't for Andrew Jackson just read a little bit of history I mean my goodness, you know, he was the one that was against the Federal Reserve and he was a Well anyway, let's move on to somebody's things But I think it's very unusual this was brought to our attention by one of our friends and students over in China and this is what the actual picture looks like if you were to Go in and look at this actual picture of this bad. You'll see this is what they What what the printing was before that but that's really what it's what it's all about? I'm going to do that as a get as a as a small investment you buy a roll of quarters for ten bucks and They could be worth some money down the road when that when the euros first came out I bought rolls of euros and each of the Denominations of the 17 countries in the euros when they came out in 2000 when my Grandson was born and those are those are worth quite a bit now I think they've tripled in price, you know, since that time being in collectors items, so we'll be able to see What they'll be in the future, but who knows but they're beautiful coins anyway And that's what I do and that's what I'm going to do So let's move on here and talk about the silver or we've been very silver and gold You know for a while here and we still think we're going to be headed down a little lower Let's take a quick look here at the silver market Someone's asked us about and I'll believe you'll be able to see this is what we're looking at work You'll take a look at this. I believe we got down to I think we're going to get down to about 14 I Write around $14 an ounce is what I think we're going to get to on this move The 382 retracement comes in at 1440, but this is this is certainly pointing down and we're doing the same thing with the with the thing with the With the gold to the gold is you know, we had a high of 764 that was a 78 percent re-level the 760 1762 was a sell and You know, we got down to 1705 last night. We rallied up to 1730 today, so I still think we're heading down in the in the gold also and the reason for that folks It's because you know, we really don't have any You know what you call it Reason for the open interest. I mean, it's just dropping. It's not a good thing Really, I just put a quote in from the art of war That Shane was kind enough to bring it up and that is victorious when warriors win first and then go to war Well, defeated warriors go to work go to war first and then seek to win And if you fail to plan you will fail So that's one of the things that we're looking at that book the art of war was Responsible for one of the best moves I ever had and that was back in 91 when we were going to get go to war for Desert Storm and Storm and Norman Schwartzkopf was the leader of the Allied forces going in and I knew that Schwartzkopf was a big fan of the Sun Sue in the art of war because he had it on his desk when he was being interviewed by Chris Wallace and I said my goodness. I said, I think this no, it wasn't Chris Wallace. Who was it? I? don't remember anyway So I knew that because it was a new moon that night and they were telling everybody the troops were all ready to go and I Knew that they would send you know the troops in at the darkness of the moon and that turned out to be a big one That was the biggest move down that we had in crude oil ever in one day up until this past This past week we closed them the night that at $42 a barrel And then we went to war at midnight, which was four o'clock in the afternoon, California time And they were lighting up downtown Baghdad You know everybody thought that the price of crude oil was going to be going straight up And it opened $11 a barrel the next day on its way to $11 a barrel went from $42 a barrel to $11 a barrel a Little bit enter now all I all I'm not sure I'm paying folks I'm a technician if you start asking me about fundamentals you better ask somebody else because I really I Fight that stuff because every time I hear something I really have to you know Make myself believe you trade what you see this market has been going higher We are approaching some really serious numbers this morning folks the 61% retracement in the S&P 500 comes in at 2923 and Two things that I'm really following today will be Microsoft and old Apple if we can get Apple to close above the The 280 288 level that's going to be a breakout in my opinion And if we get Microsoft to close about three dollars higher that would also be a breakout in Microsoft and remember Microsoft and Apple are 20% of the 25% of the NASDAQ and if you know the NASDAQ was up 100 and both those stocks were down yesterday So there's there's buying coming in this the old Federal Reserve's got their wallet out Okay, eight seven seven nine two seven six six four eight 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 headed by Steve doll TAS understands that in today's Technological world the use of top flights software applications and technical analysis expertise is essential to successful trading in today's market You also gain access to the webinar that Steve doll 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. 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Don't miss out on the tfnn Tiger's Den open house taking place now sign up today Now toll-free at 1-877-927-6648 Internationally at 727-873-7618 Okay, folks I wanted to bring to your attention one of the charts that we talked about several times and I believe that It's really apropos now because it's had one heck of a move here This is a chart of the US dollar index and we we talked about the fact that three days ago We could not last last week of course on Friday We could not Take out those highs from April to 6th Even though we did do it on the reverse side of the euro when the euro is down at 107 20 and that's where the buy came in at 107 40 we've now rallied about 170 and I'm see 40 about 160 points up from that level and so if you happen to be in that You know raise your stop so that you lock in at least a hundred pips is the way I would play that So let's take a look here at this dollar index because this is really important folks because You know a lot of people and you hear these stories about the collapse of the US dollar and the fact that the government is the Treasury and the Federal Reserve else actually the Federal Reserve. They're just doing the treasuries just doing the operations They're just you know pumping the priming the pump here and you know it could come it could go on Forever, you know, who knows maybe we're never going to see hyperinflation again And maybe we're going to see zero interest rates and maybe you know, we're all going to live in Camelot Which is certainly possible But if this breaks we have a setup where the the euro could actually get up to that level of 113 again This would be the ABCD in the dollar index coming down to about 96 and that could easily get that euro up quite a bit So it's an interesting one because it's different than what most people are looking at But this was a big divergence. I thought it was important enough to really pay close attention up to it and it certainly was and You know, it doesn't always work that way, but when they do that's what you you really try to To take advantage of those now since we were talking about the Treasury bonds Let's just take a look here. What's happened to the bonds here recently, you know, we had that move up to that 183 level Then we've come down just three handled very very quiet down move between the 22nd and the the 28th today And we only made the 50% retracement We're now back to I believe that 180 180 30 level are pretty close to it So we still have the possibility of making the 179 but the fact that it's taken six days To make the 50% retracement is a sign that it could be, you know, a pretty good move And the ABCD structure takes it to 179. So I would be certainly waiting for that You know, one of the things that you if you ever read the book by Bernard Baruch my own story One of the things he says that's in there. He says that the markets exist Trap the most people in the biggest possible mistake that they can make all at the same time It's words of the paraphrase, of course, but I mean it that's this could be the big the big The big trap here is the Treasury bonds Now if it is going to be a trap the markets going to tip its hand and say, oh, it really is a trap We're gonna see a day when the Treasury bonds if it does happen with the Treasury bonds Maybe drop more than three points in one day, which we haven't seen that for some time So remember we live in interesting times and anything can happen and it usually does as Mark Douglas used to tell us So I think it's important that we pay attention to that Treasury bond contract because it is quite quite big now There were some questions about the this move we had yesterday and with the stock market up so much There's a drop in open interest again open interest has been dropping. This is short covering folks That's not new buying coming into the market that is short covering And we had a really nice chart today from one of our friends over in the Valley of the wind over there in Las Vegas and if you take a look at that You'll notice this is the aggregate US equity futures positions and you can see the drop in open interest It's been happening here and that is usually a very sign But you know, maybe it's different this time and of course lots of times it is but you know If you don't have new buyers coming in, you know, that leaves a vacuum in the market So it's important that we pay close attention to that, you know, anything could happen There was one other chart that the rich Anderson sent to us that I thought was relatively interesting here And this is the going back at the last 20 years when we had something like this before You notice back in 08 where this was a number of media stories talking about the Great Depression You can see what was happening there But you know, they were talking about that but the market went down for another two months. It didn't bottom until November excuse me in March of 2009 So we had to pay attention to that But there's a lot of talk of it in the news and with people out of work But now we're going to be coming out of a coming out of our quarantine houses here in Tucson on On Thursday the restaurants aren't going to be open and stuff But we will be able to get into to our cars and drive around So that'll be a be a positive thing. I think so we'll wait and see how that turns out But anyway, we'll wait and see what's happening. I just look at the technical pictures folks and just look at the numbers That's what I try to do and you know, I I That's pretty much it. Okay. Any questions 8 7 7 9 2 7 6 6 4 8 and we will have Shane on At the break. That's an important one I wanted to show you the euro because this was one of the things that when we bought the euro down there at that 107 40 level You'll notice that we had the 382 retracement yesterday and the market went above those old highs up here at that 108 we got them almost to 109 and so the best way to handle that is what you do is you just raise your stop You know use a 50-pip trailing stop and if it gets anywhere below that 108 40 level you just lock in a hundred points and then move on to the next one KC that is coffee. Let's take a look at that. I believe The coffee I'm see if I have an updated one Bob I believe it's close enough because we talked about the importance of that level and it broke So I wanted to get that here. Yeah, we it's pretty much up to date here. So hold on here. We'll take a look at it here Okay, there I don't know if they're gonna, you know Pedro saying if hold on second This is the there's a coffee. You see we went below the 78% level, which was at 108. We're now trading at 106 That's not a good sign folks, you know, I That's the ABCD level at that 106 level. So you don't have to risk very very much there But I don't like buying things below the the 78% level because that that's means the trend is not nearly as strong as you Might want to thought well the dirty if it's just it that's Bob saying if it's 107 80 now There's your there's your answer Bob. All you have to do is put your stop at the 106 you risk a Penny in 1.8 cents, which is what roughly 500 bucks in coffee and if it's right, it's going to work if it's wrong You know you ride another horse. That's really what you're looking at. I don't see any difference in that We have the same thing going on in wheat right now. So we'll just wait and see one other thing before Shane comes on folks We are going to have You know meat shortages here in a few months. I don't how many months it's going to take but you know with these people not Supplying beef and pork boy, believe me that takes a long time to make a little piggy and again a little in a little feeder cattle So it's going to be it's going to get get expensive down the right. Yeah, it's really is it's going to be a Big surprise on some of these shortages in all countries 877 9766 48 Larry Pezzavento watches the markets 24-7 and now is a great time to try out his daily trading service Fibonacci 24-7 Larry publishes videos and charts for subscribers throughout the week when warranted and every weekend He puts out a thorough report covering worldwide markets futures commodities and currencies with Fibonacci Retracement levels possible trading setups and zones and stops and targets for all recommendations included Larry applies the principles He's developed over decades of trading while analyzing a variety of markets for subscribers To see for yourself the types of videos charts and analysis that Larry provides for his subscribers sign up for Fibonacci 24-7 today by visiting the front page of TFNN.com under the newsletter tab You'll also gain instant access to Larry's archive subscriber webinar from earlier this year new subscribers get a 30-day money-back guarantee So you have nothing to risk sign up today If you're a trader in the market looking to find the path that leads to Maximizing profits while decreasing risk then now is a great time to try out Dave White's daily trading service The path of lease resistance through the use of options and equity trades Dave advises his subscribers on a daily basis of the current market conditions and what possible trade setups are on the horizon The path of lease resistance is published every trading morning often with updates intraday when initiating trades or closing out positions Dave White has advised his clients of some outstanding winning options and equity trades in recent months And now is a great time to try it out for yourself new subscribers to the path of lease resistance receive a 30-day money-back Guarantee see for yourself the types of options and equity trades that are available by signing up for the path of lease resistance Today by visiting the front page of TFNN.com and selecting the newsletter tab sign up today TFNN is excited about our new software charting program the art of timing the trade charts in Collaboration with Tom O'Brien and using his best-selling book the art of time of the trade your ultimate trading mastery system David White has programmed an outstanding piece of software that will complement any trader's methodology Using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci Formation setups including guard lease ABCs butterflies and much more the art of timing the trade charts is designed to help you when Scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now. We're offering licenses available at only $79 a month we are so confident that you're gonna love this new charting software that will even give you a 30-day Unconditional money-back guarantee don't 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, we're back folks and we have Shane Smollion the wolf trader on the line Shane. How are you today? Good morning. Is this the office of Duke and Duke? It's 100 South Broad Street, Philadelphia, Pennsylvania. You've got the mic my friend. Give us your best shot We're in the right place. This is good stuff All right. So first I like to start out by Talking about I have a new YouTube channel now. This is important for people You can go to YouTube and type in wolf trader futures and this is gonna allow us to do live broadcasts So I had been doing the webinars on zoom, but from now on we're gonna do this on YouTube and we can also do private broadcasts for Subscribers so head on over to YouTube just type in wolf trader and subscribe to that I don't have any videos yet. I just announced the last night, but we already have 27 subs subs on that channel already So that's gonna be good because I can stream to you guys in an HD and every time I go live It'll send you like a little desktop notification if you ring the bell So that's gonna be epic So head on over there if you get a chance and subscribe to that because I'm able I'm gonna be able to do a bunch of many Broadcasts to people and that's easy for everybody to see the zoom You know, you had to get it on your phone and everybody had to sign it at the same time And it was like this whole thing, but that YouTube channel is gonna be easy So I like to start here with the the fear and greed index and the fear and greed index is still at a Relatively bullish reading so that's good and you know my message From the beginning to people to my subscribers was don't give up hope Okay, my message from the lows was always the following. We're gonna make it and We're gonna make new highs We're gonna we're gonna recover from this Foley and the economy is gonna recover and the market's gonna recover and I actually pinned that tweet up It's from March 20th right at the lows and I was very fell very strong about that from the beginning I've never changed my position that this has been a bull market and I Said in that tweets not a good idea to bet against the United States and what I meant by that was I didn't mean it from the sense of like, you know, like America number one America best I meant it from the fact that you know, we're a good people. We're a resilient people and We have the brightest minds the brightest men and the brightest women working on this Like I said before we have 70 companies working on on a vaccine. So we're gonna solve this problem We're gonna get through this together and the market's gonna come out stronger. So I've always said that from the beginning and I just think that's important to say right now that I actually got a call I was calling a subscriber of the weekend because I played tech support helping people get on to the Website and I spoke to a subscriber and he told me something that really made me feel good Which was that he had made back all of his money from the decline And he's actually now ahead and the market's not even back to the new highs yet So, you know, when I hear stories like that from subscribers, it makes me feel good that I think we're we're spreading the word And we're sending a good message out there to people So I think we're doing a good thing here by educating people about what the Fed is doing and you can use that to your Advantage as an investor. So I just kind of wanted to start with that this is the the fear and greed index and The fear and greed index. This is the graph of it So we're still not even back to that 50% level. So clearly even though the SMP is making these new highs The fear and greed is not by any means oversold right now or over bought right now. So that's good the coronavirus This is interesting because it looks like it's finally starting to make a little bit of a jog here To make some kind of a global hump here. Now, this could just be short term It could go down and then go back up again in the fall, which it probably will but this is a good sign that We could be showing some pullback there in that in those global cases And as you said before people are trying to come out of quarantine now And I think I think the economy is going to recover very quickly Now this is the around the world view that I put on the gold Membership on Twitter. There weren't too many positions open yesterday Silver and gold were kind of opposing each other and they're not really doing anything today but you were talking about the metals earlier on the show and Most of these precious metals are going to be going into a solar cycle cell in the next day or two So there's a good chance that these could decline in the coming days silver gold and platinum But again, that's a day-to-day thing that we talked about but the the main player down here is the s&p This s&p. I've been saying this beaten on this drum since the Lowe's The veggies master signal Wasn't a buy for the whole month of April. It did not get faked out any of the any of the times on the way up It meandered around which we'll talk about in a few minutes, but it's still up And the long term is also still up. So I post this every day on the Twitter That's the gold package, but even the newsletter subscribers, you know, that's subscriber that said he made back all his money That's that's a newsletter person. So I do keep you more or less updated with the newsletter In terms of what's going on with the markets. It's just that the gold membership gives you the day-to-day Updates constantly as the data comes in from the Fed now. This is the s&p daily chart So this is the daily Fed juice raw and you can see that just this persistent move by the Fed and They're there, you know, you have these different levels that I measure here But the overall one you have to watch is this line here and we are still trending higher It's hooking higher and the market's starting to follow now You brought up an interesting point about the open interest. So and you said maybe it's different this time And let me explain to you why I think it's different. This is why I think it's different for the s&p Maybe not the other commodities the Fed the Federal Reserve works best when you have low volatility and light volume And a lot of times that happens when the interest is dropping So what happens here is it actually turns the model on its head because as the feds providing this liquidity The lighter the volume is the lighter the trading is the more they can be active here to help this market go higher So it's very confusing because we've all been trained that when open interest is dropping That's a bad thing. But when you have the Fed active in here That's actually a good thing in terms of the s&p and that's what I've observed over time And it makes sense because if they're gonna be able to influence this and they're like again, they come with like a persistent Persistent move over time. So they're like this gentle force. That's just constantly. They're constantly. They are constantly there So even if you get these volatile days over time, they're gonna be able to influence this now this chart here was the 2019 and This just shows you the difference between then and now so back into 2019 2018 2019 We had that big sell-off into that December You saw that the Fed use was persistently just falling falling falling falling falling falling into that period and so That's not what we're seeing right now. So I just want to point out to people I'm not just a bull to be a bull I am a bull based on the fact of what I'm looking at with the Fed So if I saw a pattern like this, I would tell everybody I'll be the first to tell you Hey, we've got a problem here the markets, you know, the markets gonna go down But if you go back to what we're seeing now, that's not what we're seeing. So again, you know I'm reading that what the Fed is doing and to me. This is the way to make sense of The equity markets. I mean if you want to make sense of what's going on This is the way to do it and and that's what I say on my website I said we're making sense of the markets Since 2008 and that's essentially when I started some type of a service. I mean it evolved over time now Now it's a lot larger, but this is the weekly chart of the Fed juice and again You can just see this huge surge that's going on With the Federal Reserve and there's there's no sign of that stopping and there's nothing and There's nothing to stop it. I mean, it's they can do whatever they want to do And I and I think that this model of the central bank. I think this is the correct model I mean, I know a lot of people are gold people and they believe that this is some kind of a bad experiment I don't think so. I think with the complex global market that you have and all these different Sub economies that are popping up all over the world and the interconnectedness that we have now with the internet that this type of a situation This type of a policy isn't as important It's this great information folks. We'll be right back with Shane's million wolf trader comm If you're in the CD market and looking for a secure investment The Tiger first mortgage program may work for you The security for these first mortgages are building lots in the tax opportunity zone in st. 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That's 877-518-9190 The gold market has taken off topside in a large way in 2020 if you want to take advantage of this sector now is the time to subscribe to my gold report The gold report took profits in four of its equities in the gold portfolio in the first week of January for a combined profit of 99.2% with two positions left in the portfolio that have a profit of 67.5% as of January 7th The gold report is a comprehensive look at the metals sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30-day money back guarantee So you have nothing to lose every Monday morning I published a gold report with coverage of gold silver bonds the XAU HUI GDX as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting TFNN.com don't miss out on the next great gold trade sign up today Fill 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 Direction investments.com a 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 four-side fund services LLC The bull bear trading hour with Tom and Tommy O'Brien next Okay, we're back folks and we're talking with Shane Smollion of the wolf trader futures.com with some great information about the Fed Could you please continue my friend? Sure So we're moving back through the 61% level which you pointed out earlier in the show I think once we get to this 76% people are going to really start to to panic and there's a good chance that This will continue right back up and I think the long term long term I think the bull market will continue here and This chart here that I've showed this next one. I've always said I've never changed this stance. It's still a bull market I've never once varied from that. Okay, and the reason is because of this This is what I look at and this is what's important So the Fed is the Fed is what's important and there's nothing wrong with a negative feedback loop That's how your air conditioner works in your house You know when when it gets too hot the air conditioner turns on when it gets too cold the air conditioner turns off That's essentially what the Fed is doing. They're a negative feedback loop. It works in nature We see this everywhere and the fact it's the most efficient way For systems to operate in nature even in your body everything funk biological function your body is a negative feedback loop So here's the SMP now Larry you remember when the SMP makes a new high you promised to write me a good recommendation I will do that right now. No, I will write my resignation day that day. No, that'll be my last day here And I'm serious That'll be my last day here And I wish everybody the greatest luck and I'll just go on day trading like I like to do and the world will still go on But if it makes a new high Baba, I will I'll write there you got you got my recommendation anytime because I think you're the cat's me out But I'm serious if it goes up there I'm gonna take my hats off to everybody and grab my little burrow Walter and move on out go ahead my friend continue Yes, I know you said you would Larry, but you have to make this one extra good. All right make it I will I will throw something in there about Drexel or put something good in there I don't know just make it a good one. I could use the old Santa Claus trick. Okay, go ahead. Go ahead my friend All right, so this is the this is the SMP daily here. So this is the one that we watch now The two things that we watch here that I talk about is the Fed juice here and the black air Which is the planetary speed index. So these are the two governing Things that we look at so we talk about the tape times the cycle And this is important because I want to make this point when you get into astro You can have so many different indicators that you don't even know what you're looking at and you have so many buy-and-sell arrows That it gets confusing so you can see here this blue one the solar cycle had a cell into here But that's not what we're looking at that's not the governing pattern the governing pattern here is the Fed use Which is here and that's on the 25th and then the planetary speed index, which is here so When both of these you see right here, this is when they were both in a buy and now actually on this particular one I made a judgment a little bit earlier I went along a little bit earlier, but the actual planetary speed index was long here and It goes all the way up until about May the 5th So, you know, that's what I look at and that's you got to make a decision And if you don't have a clear-cut game plan, you can't make a decision There's just too much to look at you'll talk yourself out of a trade And so you just pick a plan and you follow it and you execute it And so that's what this is here. That's what these red lines are here That's when the Fed uses with the planetary speed index here and then the same thing here on the downside So that's the governing trend here on this and that's essentially how we make these decisions on On the on these trades. So again, I don't see any weakness here in this Fed use This is a this is a footprint that I haven't seen this since 2009 2010 So every time that this type of a footprint happens we get huge surges in the S&P and I think this one could last this one could last a while this bull market could last a while I mean on the weekly timeframe, it's making a low in terms of the Fed use I price it instead of dollars like I price it in terms of Fed use and every time it does that It makes a low for about two to three years. I think this one could go for five years I think there's a good chance this bull market could keep going probably for five years There's a chance of it. I mean probably two to three is the pattern that's been following but this one could keep going The feds purchases have come down a bit. This is this is last week And this is one of the reasons why that uptrend was meandering so much I think you see these fluctuations You had 16 billion on last Tuesdays Then it went down to seven and then look 20 and 27 it started rising again and then the market started rallying again So this is just one component of the Fed use I mean the balance sheet is not everything I look at all of the operations of the Fed and And and you know subscribers were asking me they're like, oh look the purchasers are going down It's as bad as the market gonna go down and the answer to that is no I mean I look at many things. It's not just purchases. So Looking at the whole thing combined here with this master signal. I really didn't see any weakness I mean it had a little jog down, but it's still very strong in this very strong profile And one of the things you talked about this interesting on the show, too That the markets will make you do the exact wrong thing I mean this uptrend is the exact epitome of that because we had this period into here And then it started doing this meandering back and forth like this and this this really caused a lot of hyper polarization of people and the MO of this rally has been the kind of meander around jog sideways pop up Go up meander around and then pop back up like this. So By any every means this has been a very difficult rally to stay long on and you need the patience to do that and and to Have that patience you have to have this this Fed use system into here essentially because this told me that there was there was strength in here the whole time And then we try to align that with the planetary speed index here and that's and that's how I come up with these Determinations, I'm just following the rules and I made a right here last week when this went down This was the oil crash now relative to oil the SMP did pretty pretty well So people people need to understand that that relative to oil and copper SMP held up pretty well I did put a line in the sand here. I told everybody 2648 is really a level that if it goes below that Then you know something's wrong I mean it shouldn't be going down if the Fed uses up and and the planetary speed index is up But look what it did it turned right back around and start heading right back up So I mean I'm just following the rules and when I posted posted that video last Wednesday I told everybody said look you know look it could fail I sent out an email. I said it could fail and this is you know This is the level but the rule is it's still a buy and look what it did It turned right around and went back up And I don't think you're gonna be able to have that level of patience without the Fed use and the planetary speed index It's just really difficult Psychologically and emotionally to deal with these turns and that and that characteristic is completely different than the downtrend I mean and I've been studying this and I study the markets each uptrend is its own unique person And I say that like a like I'm I'm basically talking about it like if it's a personification But this is a you have to study it and so I Talk about this to the subscribers said the MO of this has been to kind of meander around Down and then pop right back up and it's that's the personality of this and the next one will be different And so we have to pay close attention to these things because you can't just use a one-size-fits-all Approach for the markets because each symbol is different and each rally is different and now since you had QE into here From this point forward. This is a completely different market than we saw back into here These are not the same characteristics anymore So we need to kind of adapt to this and the Fed juice allows us to adapt to that And so this Fed juice really is attuned to the market because This Fed juice is optimized for the S&P So it's gonna say how well is the S&P moving in relation to what the Fed is doing and That's that's able to tell us here that we really never lost any strength here Even when it went down near that stop level it turned right back around and went up So, you know, that's that's what we do here. And I think we're doing a good service here I think that newsletter the $39 a month you're getting a good value there And I'm constantly doing the research here on this and this is a real-time thing And I'm I'm constantly collecting this data every single day. I'm collecting it right now I'm collecting it this morning and we collect it all through the day Stay with us folks Shane will be right back with you after paying a few bills eight seven seven nine two seven six six four eight I'm certain you are or strive to be one of the best of the best at everything you do in life It's the most common trait that we tigers and tigers is 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 Six and three 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 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 home page 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 to sign up today 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 for 30 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 educating investors markets trading with extreme volatility and peaks and troughs everywhere regardless of what you're looking at in the markets This is a great time to see the type of analysis Basil Chapman delivers for his subscribers every market day with the opening call newsletter Basil has been analyzing markets providing his take for subscribers to his trading services since 1984 every morning Basil publishes an update for his subscribers along with weekend and evening updates when warranted the opening Call provides traders a daily market overview with regard to the direction of the key indices Selective stocks and commodities along with specific recommendations including stops and targets You also gain instant access to Basil's subscriber webinar archive from earlier this year a dark cloud cover an essential market Analysis ride the Chapman wave today by signing up for the opening call newsletter on the front page of tfnn.com Under the newsletter tab news subscribers get a 30-day money-back guarantee, so you have nothing to risk sign up today 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. We're talking with Shane's million wolf trader futures.com. How can the folks reach you my friend? Well, first of all, I encourage everybody to go to YouTube and type in wolf trader futures Sign up for that channel because I'm gonna be doing live broadcast from there But then the website wolf trader futures here you can sign up for this newsletter There's some tabs at the top up here. You can go to where it says Sign up here and then you can sign up for the newsletter or the gold member login I I recommend that everybody starts with the newsletter because this is a lot of information This is a whole different universe of terms and the way I look at the market is different than anybody you've ever seen Everything I do is unique. So the newsletter is a better place to start There's a free membership here a free member login You can go to which is right here all of our packages come with a seven-day money back or a seven-day free trial So if you sign up for the newsletter now, you get last month's newsletter and the new one is coming out May 1st And then I put the videos up twice a week. Also, this is important on the website There's a free email sign-up list go ahead and sign up there Also, if you sign up for the free the free membership sign up on this on this opt-in list here because that's gonna get you on The the update list for the email. So this is a better. They're different email list This one is a better email list. So go there and fill in that form So it's just to summarize again go to the YouTube channel sign up for that Go sign it go to the main Website sign in on this free email list and then become a free member up here On this when you go to free member login so you can just check out what's going on just with the updates If you want to join like I said you go here where it says sign up It'll take you to a page and you can sign up for the newsletter or the gold membership and the newsletters 39 39 bucks a month you're getting a lot of information for $39 a month just to get started and then that will help you Learn the terms and and decide if you want to go forward with the gold membership or not if you want to stay with the newsletter That's fine, too Everybody's got different needs and different goals in the market, but I think for the SNP the newsletter is the SNP I think we've really got a good Measure of the market with with the Fed use here. I think we're able to really model this in a way that makes Sense I mean these things can fail of course nothing is a hundred percent But I think what we're talking about makes sense and we've been saying this the whole time and it's playing out Good man, I'm working on your recommendation my friend. So they'll take me a while Keep those cards and letters coming in we'll have you on again soon folks Saints million wolf trader futures comm and we will See you on the flip side tomorrow with our guest who will be none other than Bill meridian of cycles research. May God bless you