 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 Larry Pezzavento. Okay, looking good feeling good Lewis. We're going to take a look at the German Dax here folks since April 1st. We're looking at a top up here and if you'll pay attention to those cycles that are there. What is that depicting is the fact that you're going from high to high to high and that's exactly what happened. It came in at the 50% retracement this morning and it came all the way back down dropped about 150 handles and then so far has been in a sideways movement. That those little cycles are a good way to measure from high to high and low to low. And if you went back to the far left of the chart way back on the 26th of March to the 30th of March to the second of April you can see the harmony that's there. That's nothing more when you're looking at a four hour chart you're looking nothing more than a two and a half day cycle. So that's what it does helps you to figure out where you are. Remember on these retracement numbers are retracement numbers that are most the ones we like the most are 382 50% 618 and 786. You say wow that's four numbers. Well what you try to do is you line up the four numbers with another cycle or another pattern. In other words if you have an ABCD and a 382 or a 618 that gives you more power than just seeing the ratio by itself. So I hope that helps now we're going to take a quick look again here at the footsie like we always do. And again you're going to skip this up here so we can take a quick look at it. We're going to be talking about hogs in just a minute folks I'll be right with you here. This is the same thing on the on the way down this is a 135 pattern. This is also a four hour chart. You can see the distance between one three and five are equal and it's coming in at different ratios. That's a way of forcing you to trade with the trend. And this will be correct unless it exceeds the price at point three. So that's what that pattern happens to be. That is the one that we got from Roy Longstreet and his son son Bill. So that one I think is also very important to take a look at. Now we had a couple questions and one of them of course is about the piggies. Folks we just had news just a little while ago that they close one of the big I think the third largest plant in the all of United States. Let's get this up here. So let's get this up here. Take a look at the hogs. We're trading it. You'll see here we're trading around 48 today I believe that's pretty near cost of production. But you'll notice that this thing has been just dropping like a rock ever since December we've gone from 90 to 42 we've dropped over 50% in value. All I can tell you as folks you can just set your watch because these little piggies when they start doing their their mating game is going to take a while before you catch up with the pigs and they're going to be expensive before it's all over. And it'll be the same thing in the cattle. We've seen this before and we're going to see it again. So we'll see what's going on. That is of course unless Greenpeace comes along and then if that comes along then you know all bets are off but we'll have to do that when that comes up that'll be in November to see whether we have Greenpeace or not. Okay, that's the that's the piggies. Now we had another question about coffee and we'll get this up here so you can take a look at the coffee chart. This is a daily chart going back just about a year and a half. Let's say that about a year and you can see here that we've had a big Gartley pattern that completed up there at 130. Then we came down and we've made a nice little Gartley down here somewhere between 112 and 109. I'm shooting for 109. That's still still available right now we're trading around the 113 level. But I think at 109 it would be a better pattern because you'd have a good ABCD there and you'd be setting right at the 786 right now. You're setting right at the 61% retracement. And if you believe that is the low all you need to do is to put your stop below that last low there. So your stop is about 3 cents on this which would be the same as if you bought it down at the $1 level that excuse me 110 level that we think we think it's going to or where I think it's going to. That's neither here nor there. Okay. No guests today or tomorrow folks. The two guests that I was planning are just one is out of town and the other is has something planned where he asked he cannot get away from the from that commitment. So we'll have we'll have 10 boss on hopefully you know sometime next week. Let's move on here for just a second here. Let me show you a continuation of that DAX chart that we were looking at this morning folks. You'll see here that we that was a four hour before this is a 15 minute you see we had to break and then we had to rally back up. So that's pretty much what we've been doing right now. The market is holding up relatively well considering that we now had 23 million people out of work. And here we are coming back to a 61% retracement of the move. That we had you know from last last Friday I believe is when it was so we're going to watch that one as we move through these charts that we're going to be looking at today. We have a nice question from someone regarding a cup and handle. Let's just get this up here so we can see if this happens to be the this is a gold chart. I want to get this up here and put this up here right here. There you go. You'll notice here this is a cup and handle. This is from Bill O'Neill you know investors business daily. I don't use any of those patterns folks. I mean by the time you're if you're in the end of that tip of that cup and you're buying there you know I there's no pattern there that I can see so I've never been a fan of those and believe me I my we grew up with the O'Neill family. His kids went to school with my kids and his number one Lieutenant was Al McGregor and my little sister my baby daughter Jilly happens to be living with Al McGregor son Mike and it's been a long time but they went to high school together. Some of the kids these kids went to high school together folks. I mean you wouldn't believe it. There was Corey Klein that was Kelvin Klein son. They also had Rusty Weaver Dennis Weaver three of the kids from. Oh my goodness. This lawsuit just as. Oh my gosh you know it's really it's really funny when you get to be this age you have something right on the tip of your tongue and you can't remember you can see the person's picture. You can see him at dinner with you. No matter what you can do you still can't remember the name. Thankfully it doesn't happen to me very often but it starts happening more. I will start to be. I'll start to be worrying about it a little bit but the more I try to think about it the harder that it is to remember the darn thing. I mean I can remember. Oh this is this is. All right I'm going to give you're going to let you guys help me OK he starred in so many of this this is real. Oh Laura Laura was my daughter is really good buddy and she was staying she stayed overnight there so many times Avalon Frankie Avalon. He had eight kids and three of them went to school with our kids and Laura was a very good friend of my daughter Jill and she and he still is but it was there was just a whole bunch of them in there. You know just really nice. You know he's made a living off of that and one of the guys that he works with all the time is my cousin Fabian Fabian Forte his grandmother and my grandmother were first cousins back in Italy 8779276648. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex. Heated by Steve Dahl TAS understands that in today's technological world the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted the best way to use the TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. 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Begin your Den membership today by just entering open at checkout and pay nothing while you try things out for 30 days. For all the details and to start your Den membership today, visit the front page of TFNN.com. Don't miss out on the TFNN Tiger's Den open house taking place now. Sign up today. Call now toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, we're back folks. I want to talk a little bit about the Treasury bonds. I've just posted the daily Treasury bond. You can see the resistance that we've had over the last two weeks here. It's been almost a month now actually where we've been at the 61% retracement. So this is very, very important. If we look at it on a let's try that again at 78% retracement 61% retracement on the daily 78% retracement on the four hours. So I'm going to post the four hour chart here. So notice that we went up to the 78% level yesterday at 183.04. We're now trading at 181. And I believe that we're heading down on this. So, you know, we've had a lot of money being pumped in by the Federal Reserve and yet these bonds are not going anywhere, zero interest rate as of yet. So we'll have to wait and see. We've had some really nice moves overnight in the gold and silver. Not unexpected, of course, because we were having some type of a short term bottom. If we look at the, let's take a quick look at first. We'll look at the gold because that's been the strongest of the three. We'll bring them up one at a time here. And last night in the gold market, as you'll notice, we had those two corrections, the one from the 24th of March into the 1st of April. That was a seven day correction. That one was $120 and then the one from the 14th of April into the 21st. Another seven day correction. That one was $130. And so far we've rallied almost to the 78% level there at 1760, 1762. We got up to 1759 last night. We've broken down about 11 or 12. No, $14 from that level. I don't really think it means much yet. But if we do get much below that 1730 level, then I would think, yes, maybe this is a 70% level and actually has missed it by just a little bit because we missed it on the downside. You see, we missed it by $6. We were looking at work to come in around 1659. We got to 1666. And so that was very, very close, but still not absolutely perfect. Now, if you want to see perfect and we have perfect, let's get this one up here. This is the silver market. We'll get it up here right now. And you'll see here that what we've done last night, after we completed, we went through the head and shoulders pattern yesterday. I don't want to repeat it. You can see the left shoulder is lower, higher than the right shoulder in a bear market, which it should be. You've got a nice guardly in between the head pattern. We measure the ABCD swing, measures exactly to the low at 1455. We rallied $1 an ounce, a little over $6,000. And we went up to the 61% retracement. And if this is correct, we're not going to see a trade above 1575 until we have at least another correction coming in. And that's what it looks like. So we'll keep following it and let you know what happens. The last one, of course, was the platinum. And if you'll remember on platinum, it was a little different because on the pullback this last time, platinum was extremely strong from the 14th down to the 21st. That was at 7-day correction. We dropped $120. We went going at just a little bit below the 382 and now what we've rallied so far has been exactly to the 61% retracement last night at 795. So those are the key levels that we're looking at. Terry's saying I'm having trouble with instant charts being too sensitive. The problem is, Terry, when they built this program for me 30 years ago when I first moved to Pismo Beach, Howard and John came down and wanted to watch me trade for a day and they ended up staying the whole week. And it was one of those weeks where I actually did everything wrong. Haven't had a week like that since. But it was actually that when they set this program, this Pescimento patterns that are in there that shows these ratios and draws the pattern, they drew it out to the thousandth decimal point. Well, you can't trade on the thousandth decimal point. You have a hard time trading at the hundredth decimal point. You know, I'd be happy if they just did it, you know, the first decimal point of six or seven. But it goes out and that's the problem. And when it catches, it's too sensitive. The fact that it works really good is why it saves me a lot of effort. So that's what you have to do is you got to just put up with. I've never even asked him to change it because I just live with it and I go from there. You know, folks, just like in the movie City Slickers, which I really care about a great deal. The first time I saw it, I was here in Tucson visiting my cousin Bob and his family and son of a gun when I saw Curly. And when he had that, he always had his finger up saying, doing one thing, you know, that was really good. And as you know, Jack Palancis used to come into the Drexel office and he was not my customer. He belonged to, I believe, he was with Adora Chan. It was his broker, but he was a really nice guy and he was very, very philanthropic. He didn't live in, he was not part of the Beverly Hills crowd. He lived out in the, out in the San Fernando Valley and he lived within a block of Levan Cleef and also living out that way was Charles Bronson, the old cowboys, you know, so that was the old cowboy heaven out that way. Another guy that lived out there was a rifleman, Chuck Connors. But Chuck Connors was, he was a tough ombre. He was not fun to be around. Okay, let's move on here and get a couple other things in before I get too melancholy. All right, we'll take another little break here. We're having a, before I, we're going to take your break in just a few minutes, but I wanted to mention folks that we're approaching the 61% retracement on the S&P 500 from the high we made last Friday. That comes in, I believe, at 2820. We had some really bad news, you know, with the 24 million people out at work now over the past five weeks. You know, that's like, like that's almost never happened and hopefully some of these people will come back to work until the government runs out of money and then we'll find out whether they come back to work or not. So we're watching that. But the key to this, in my opinion, is the fact that the Dow Jones Industrial Average, remember that's only 30 stocks and they're, they are not cap weighted, they're price weighted. But some of those stocks that were price weighted like Boeing and a few others, they've gotten massacred. So, you know, the whole shift is there, but you still got Apple and Microsoft in there and that's what keeps it going. But we're only making a 38% retracement on the move back from Friday. So if you're going to short an index, short the weakest, you know, that right out of Jesse Livermore's book, Reminiscence of the Stock Operator, Buy the Strongest, Sell the Weakest. So that's really what you're looking at. So if you're looking to sell a metal, you want to sell the silver versus the, or the platinum is probably the weaker of the three. I don't like to trade platinum because it gets a little thin, but it's tradable. You know, you certainly can trade it. It's not as thin as some of these other things like we've seen. One of the questions that someone came to us with last night was about the, the crude oil. We've talked about crude oil, you know, several times over the last few days. I posted a chart on it. The big ABCD on this crude oil coming down from the 27th high that we made last Friday down to the low at $6. We've already gone through that ABCD. The 61% retracement on back comes right at $18.90 to $19 a barrel. We're $2.50 away from that, which we could be there by the time I finish the sentence. But that's going to be a lot of resistance, I believe, in crude oil at $18 to, between $18 and $19 a barrel. And believe me, that is my opinion. And you pay for it what you get. So pay attention to that. I'll answer the next question about crude oil when we come back from the break. 877-927-6648. This week, 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 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. 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The Art of Timing the Trade Chart is designed to help you when scouring or 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 going to 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 The Think or Swim Banner on the front page of TFNN.com Okay, folks, this is for what it's worth section of our show today. You'll notice that the high we made last Friday in the Crude All Now, this is still June. I keep doing June. I'm looking at July if you're going to trade July, don't trade June. The restrictions are pretty much off from what I understand, but July would be the better trade, this already prepared, so I don't have to double up the work. If you'll notice the high we made back there on Friday was around $27 a barrel. We broke down to about $20 a barrel and then you'll see late Sunday, you'll notice, or actually early Monday, early in the morning on Monday, we made a very small ABCD pattern there at $22. That was a 12% move in Crude Oil over a three-hour period and from then we started down where we went all the way down to $10 a barrel. We rallied up to $17 a barrel and then we took the infamous road down to $6 a barrel and that's when we went negative in the May contract. That's when they had the gentleman from Singapore and as we hear from the news from our friends over in Singapore, the whole country company now has filed bankruptcy. They've been in business since 1963. They've been one of the premier trading companies in the world and the young man, the son of the owner of the company and the founder made a very tactical bad decision when he stayed in his long contracts coming into delivery and there was no place to put the oil or take delivery of it. If he could have taken delivery he could have probably bailed himself out but because he had to get out he had to pay people to take the oil and they didn't want to take it and so some people actually got out there was probably a few people that were able to get out at $40,000 in other words for his contract for a thousand barrels of oil he had to pay $40,000 just to have someone take it and it was very very difficult for the exchange because they were worried about whether they were going to get the money. Fortunately he was well healed enough to cover all of these losses and now the market is back to normal. Let's get relatively back to normal after we made the bottom there at $6 a barrel we rallied up to $14,000 and then we came down and we made a 50% retracement. The reason why that's important is because the time that it took to make that 50% retracement is the same that's happened this morning. We've taken the same number of bars from the early morning of the 22nd into where we are in the 23rd and now you'll notice that we have double ABCD pattern here and that's very important because you'll notice that dark blue line there that's a 61% retracement of the high that we made last Friday so there's going to be a lot of resistance at 18 well in my opinion like I said it's for what it's worth section around $18.90 to $19 a barrel is what you would be looking at. We're making a very small ABCD pattern right now and if you trade small ABCD patterns this might be one that you would certainly be watching because we let's get this up here so you folks can take a quick look at it where we're up into small resistance and this is certainly tradeable let's just hold on just a second I got it there we go all right now I'll just get this up and then move this over and print this out for you so you'll be able to see it the world is that's the next question is there a chance that the June contract will go negative and there's always that possibility but the odds of that are very very rare because that young man made a very very bad mistake he had there was a hundred thousand contracts coming into the last day and you have to be a really big hitter to be in that group and so what you need to do is to you know watch the open interest and if you have another situation like that then yes that's a possibility but no one ever thought that these were ever going to go negative I mean my price objective on crude was $12 and that's the one we had from way back in September and believe me I was insured all the way down I mean I had some nice trades in between but to take that much out of it at one time know the risk there was too much but you'll notice here we do have this ABCD pattern over the last seven or eight hours of trading and we're right up here at this $17 dollar level but again the easier one would be up there at $19 a barrel $18 90 $19 a barrel and that's where you have the multiple ABCDs coming in but there is a small area here where it should have some resistance here at this $17 10 $17 a barrel oil in the thing remember folks that's up $11 a barrel from the low we made at $6 a barrel hard to believe that we were trading this stuff at $6 a barrel in the June contract and it was only for liquidation so you had to you had to be really be prepared to be able to do that with your firms and very few people were prepared to do it that way okay now we've got another one that's really important folks and not many people are paying attention to it yes July is trading at 22 yeah see there's there's everybody's accepting here yeah using stops you absolutely right Marshall especially in these world the world we have now we have the July contracts trading at 22 the June is trading at $17 so it's basically they're expecting by hold on something is happening here my beeper is going off to tell me that something just happened we just hit the S&P I believe we just hit our 60 well yep we just hit the 61% retracement in the S&P up there at the 2817 level so let's see how that actually moves along okay let me I have to turn this off folks otherwise it'll stop beeping so just give me a quick second here oh dear what's happened to my charge this is not good tile vertical yeah okay there we go all right yeah we just hit it okay all righty let's move on to another one this is another one folks it's for what it's worth section okay beep beep beep that's absolutely right the old road runner boy did my kids love that cartoon oh my guys all right let's move on to this one right here is extremely important folks this is the biggest this is the big daddy rabbit this is the this is the Euro folks I want to show you the Euro because we're in a really serious support here and at 107 and change 107.50 and the reason why it's so very important is because the Euro is 55% of the US dollar index now you notice here from the 23rd of March okay to the roughly the 23rd of to September where we are September of April where we are today that has been a 78% retracement well because the Euro should be a mirror image of the dollar index the dollar index should be setting right at a 78% level also if that's correct and boys and girls believe it or not that is not what's happening let me show you this chart here I'm not sure what it means yet because I just look at the charts but if you look at the dollar index chart we're just barely above the 382 retracement we can't even make that Gartley up there that's 70 and we're not even taking out the highs of April the 1st yet so this is actually a pretty bearish IE dollar index chart which means the Euro would most probably be really be friendly here at that 107.50 level now this could change in a heartbeat of course but that's what it's looking at you know here this morning it's really quite amazing because they follow just like a mirror image well because it's 53% we'll take a little break here we'll cover a couple commodities like our old favorite July corn 877 9276648 if you are in the CD market and looking for a secure investment the Tiger 1st Mortgage Program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg Florida the tax act of 18 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere 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What should you prefer 6200 or $14,000 of interest on your investment? If you would like more information about the Tiger 1st Mortgage Program you can call me at 877-518-9190 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 metal 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 publish the Gold Report with my friends the XAU, HUI, GDX as well as more than 30 different mining equities to seep 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 will the S&P 500 continue to climb for bold trades on US large cap stocks in either direction trade SPXL U 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 a funds prospectus and summary prospectus should be read carefully before investing an investment in 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 fund services LLC the bull bear trading hour with Tom and Tommy O'Brien next ok folks thanks for staying with us next one we're going to take a look at here dot chief la corn as you remember we went into the farming business you're absolutely correct it is a three drive on a 60 minute to notice here that we were looking to go in at 325 which we did and then unfortunately there was a U.S. a report that said that well ethanol was going to go somewhere 0 and since corn is 30 percent of that will be able to see that so we'll be able to see if that's your business for, and we'll be able to see if that's going to hold. In fact, your trading and contract that's worth the S&P contract is worth a little over $140,000 now, so you only have to risk about $500 on that. So that's a good risk-reward ratio. So we'll see. But it's handling the bad news badly. But don't forget that the government is giving things away. None of the people that we live around or anything has gotten anything. So, you know, we'll have to have to wait and see if, in fact, that happens. So we'll see. Okay. The next one that I wanted to mention, talk about this July corn. What's the next step in the July corn? Folks, when stuff like that happens, and it happens all the time, is that you want to wait for another pattern that is, that'll give you a very good risk-reward ratio. Now, that was a pretty good one. We had a double ABCD pattern. And, of course, the report hurt. But that's the way the business is. It could have been the other way around. So what I'm going to be watching is, I'm going to let the corn get above the 335 level. And then I'm going to be looking for a retracement buy with a nice little ABCD, a smaller guardly on a maybe 60-minute chart. So that's true. Let me ask you a question in here. Since we're in here, how many people have received their checks from the government? Because several people have asked me, and I have not involved, so I'd like to know if you have. I haven't heard anybody yet. I've the five or six people that I, you know, I know the trouble. I understand, Duffy. See, look, oh, yes, see, nobody's getting the checks. And I know the people they're giving the money to. Do you believe that they gave, they gave $15 million to Harvard and they have an endowment of like $20 billion? Boy, that sucks. And Columbia University, the same thing. I mean, I saw that last night on the news. That's just not very good. By the way, by the way, we're going to have a little test here today. The person that gets the answer to this correctly will win a very, very valuable book for me. I will actually pick one out of my library and I will hand address it, sign it, and it won't be for me. It'll be from one of the other authors that I've collected through the years. I'll pick it myself. But what was the most significant thing that happened yesterday in the news? Can anybody tell me? I'm going to give you a couple seconds here, maybe 20, 30 seconds to see if you can get it. See if there's any things out there. Look, see, nobody's got it. It's not one person here has gotten their, you know, base. Oh, wait, Jim, Jim got his. Okay, Jim and his wife got his. So you're basically what, one out of 10 people. So that's not a very good return. Can anybody think of what's happened? It literally wasn't even mentioned in the news very little, but it was really big. Okay. Do you know what it was, folks? Do you know that SpaceX, the company of Elon Musk, they got a contract to do 12,000 satellites over a period of years. Can you stop and think 12,000 satellites? You know what that's going to do? That's going to light up the night sky. It's going to put astronomers out of business. They won't be seen. They won't be able to see the new moons and full moons. There'll be so many things flying around up there. Now the $64 question that I have for you is, why are they putting up 12,000 satellites? What is the reasoning for this? It wouldn't be to collect information, would it? No, that wouldn't happen. Oh, yes, I know what it's for traffic lights. There you go. You're right. It's a remake of a Brave New World by Huxley and also the one by Huxley. Boy, I'm telling you, I think it's getting ready. George Orwell, that's right. Eyes in the Sky. That was actually in that was a great movie. I really enjoyed that one. But we'll see what's going on. Gold is $17.53 now. Is it really that much? I think it's going to be looking at, let me double check that. Since you said $17.33, we had a buy on that just a little at $44 when it came down. Yeah, it did. Had a really nice buy on the gold. It was down $14. That's usually all you get. And if you take a look at this, I'll just bring this up here and let you see what the prediction was. And so thank you very much for telling me that. That's very nice of you. And if you'll give me one little second here, I will get this done. And we'll move on to the next one right here and go from that level. So let's keep an eye on that as we walk through and see some of these other things moving in here. Remember, folks, there's a lot of resistance up there at 1762. 1760. So for making a new high in the gold, don't get too excited because, you know, there's a big ABCD up there and there's a big 786 hanging at 762. But boy, above 762, you could easily get this thing moving, you know, a great deal higher and be be very, very careful of that. Another question someone just asked about this, the, the, there's a July, of course, I'll watch July corn. And that's one of the things that I do for the 24 seven folks. And my game plan here is to let the July corn get around the 339, 340 level, that's up about 25 cents from the bottom. And then I'll look for a small ABCD pattern. Folks, when I first started trading corn, the average range in corn for the week was about five cents, it was trading between $1.10 and $1.25. That that went on for several years during the 60s. And then, of course, when the Russian grain robbery came in, it was a lot different. But corn is a good one to trade. And it's it's actually a fun one to trade. So just let's watch that as we can say now, well, we just hit the we just hit that ABCD pattern in the crude oil at $17 a barrel. Remember, we looked at that ABCD so far the high has been 1742, we're trading at 1694. Now. So if that's correct, we're not going to get much above the 1750 without at least a little pullback of maybe a dollar dollar and a half an ounce. And that's quite a bit. So those are not that's another one that looks very interesting too. Let's move on to the treasury bonds. Someone has a question, whether I think the treasury bonds are going to go to zero interest rates, I don't think so. But then again, that's a for what it's worth section, because I just look at the charts. And that's all I'm looking at. And the charts tell me that unless we get if we can get above 184 in the bonds, then sure, there's a chance that you know, we could certainly do that. But until that happens, it doesn't appear that that's what's going to be going on there. So that's my two cents worth with the volatility. The way it is now, folks, the best way if you're a swing trader is to move your operation down from a daily and you'll start looking at hourly and half hour charts because the swings now what we used to get on a daily we got on 15 minute charts, sometimes two or three times a day. So you have to take advantage of those the best you can. And you can't be up all night, of course, I try, but I can't. And, you know, you'd have to be really careful of what you're watching watch for the markets repeating just look, look what happened to crude over the last day or so perfect retracement time and price exactly at 50%. Both of the both retracement were equal. I mean, that's a that's the kind of stuff that you like to see because when we got to $14. I mean, look, we've rallied $3,000 and we're talking about one, two, three, four, five hours in just a short period of time. Now if this is correct, we'll take a break 877-927-6648. I'm certain you are or strive to be one of the best of everything you do in life. It's the most common trade that 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. 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Okay we're back folks and I wanted to bring to your attention the crudel that we were just talking about because it's a short-term pattern but we ought to look at it just to see if it works. Remember sometimes they work sometimes they don't but if you look at the crudel here over the last few days here you'll notice here last what's the last day and a half we've had these smaller ranges I mean these are big moves from $13 to $16 down to $14 up to $17 if this is correct the correction here should be from 1740 down to about say around $16 so it'd be a buck and a half so it should move a buck and a half lower just like we did earlier this morning and then from there that could take us up to that level that we're looking at you know we'd really have a good place to sell it short which was be at $18.90. Now remember these are these are patterns there's nothing to do with fundamentals or anything like that so you've got to you know protect yourself by using stops and learn how these patterns work but they don't work all the time but they work some of the time but nothing works all the time except the 200 and 400 day moving average those work really good when they crisscross back and forth yes there is probably a very very good V bottom has formed an oil I don't think we'll ever see oil below $6 a barrel anymore that was really an aberration folks they had someone in the crosshairs and they taught them a lesson I mean you know this is really really bad what they did it was just like you know the Bering Spank and by the way I think today is the queen's birthday so happy birthday to the queen she leaves such a sheltered life that young lady all right folks I am hoping to have Bill Maridian as our guest next week and then I have one mystery guest that I want to be able to bring up hopefully it's someone from back in the days of the Merc it was one of the big players there and we'll be able to see if what's going on at that point so pay attention to what's going on in that Euro versus the dollar dollar index that that's we don't see that very often so that's telling you something it's could be telling you that the other currencies like the Australian the Canadian and the Swiss and some of the others the Japanese yen are going to start to move to make the dollar index go down so pay attention to those other crossways we'll probably cover those tomorrow because I'm going to do a special thing on the newsletter this weekend about the core currencies and this divergence so we'll watch it so live every day in an attitude of gratitude and may God bless