 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-445-1044. Now, Larry Pezzavento. Alright, looking good, Billy Ray, feeling good, Louis. This is the offices of Duke & Duke, 100 South Broadway Philadelphia, Pennsylvania. Let's take a look here at the footsie first and then we'll take a look at the German Dax. You can see that they're completing some ABCD battles, especially the footsie. The footsie is the one that is the clearest, that there's a potential top here in the footsie, whether that's going to be correct or not. We'll have to wait and see. Let's move on to something that everybody seems to be interested in and I made a horrible mistake on, and that is getting everybody emotionally involved on the long side of this gold market. I know the biggest problem that we had here is the fact that we were short for $56 on the downside, which was good. The problem is now everybody says, what's the next thing that's on the menu at this restaurant? And that's the problem with trading folks. You're always looking for the next trade and everybody's expecting it to do what the other one did and they don't always do that. We've been fortunate here because we were able to buy some hogs down there at the 73 level. Unfortunately, we got out of it at 81 before they made their way to 98. There's an example of you think you're going to wait to buy it on a little pullback and the next day they limit up and they lift you at the proverbial altar, but that's the way trading is. I am still bullish the gold. I'm waiting for a couple of things to see if they're going to unfold. I was rather surprised that we didn't go limit up on Monday because of that head and shoulders pattern that we were looking at in the gold market, but we did make it a little bit lower low below the 1270 level. We're only trading around 1272 now so we can easily go down and make new lows. That's what I'm waiting for is to see if we're going to get to that final level that we've been talking about here at least the last two weeks. That level comes in between 1260 and possibly even 1255, whether we get to that level, we'll have to wait and see. Silver is held up relatively well. We did make a bottom down there. It's only rallied 10 cents. We're seeing that, yes, David White just told us that a lot of the gold miners tested their lows yesterday on very light volume. David, that's one of the things that I've been watching because of the incredible pattern that we had in the XAU. We did go a little bit lower here on Monday and just a tiny bit lower on Tuesday. We're still right around that 72 level in the XAU but it's completing the ABCDs. It's done all of that. The problem was I really felt that here's where the problem lies is you get tied up with the people that you're dealing with and you get emails from people when you get to know them and they're very nice and they tell you their stories and you get to meet some of their families and stuff like that so you get emotionally locked up with that and I had this same trouble at Drexel Burnham folks and I had to fight that a lot because I would have people that would be incredibly aggressive and you had to slow them down and stuff like that and one of my favorite customers was a guy that made a lot of money in the jewelry business and he was a diamond merchant and of course he was really used to speculation but he was incredibly bearish, you know, bearish T-bills and T-bonds and he was on the wrong side of the market and it was T-bills, not T-bonds and he was out about $80,000 and finally he came in one day and he gave me a check for a quarter of a million dollars and completely reversed his position and I didn't say a word because it's his money and within about four weeks he had got everything back and continued to write it for, wow, at least another year or so and he made a great deal of money. This brings back an interesting point, we'll get to the gold in just a second but one of the things when I went to work for Drexel Burnham Lambert it was a boutique firm and they specialized in certain products and they had a very elite clientele they really did, they had a lot of politicians well that's not the elite part but they had a lot of movie people and not just the actors they had directors and stuff like that and they also had a lot of sports figures and people that were popular in the neighborhood there Southern California and a lot of people were in the news the boys from Texas my golly boy, oh boy, let me think for a second Mr. Z tell me the names of the guys the Hunts, thank you very much David God bless you, boy you got such a good one anyway, Lamar Hunt was there and Bunker Hunt, they traded out of Drexel but they were out of the Dallas office and so they had just a lot of people that went through Drexel Burnham but when you sit down to talk to them one of the things that they said was look our customers are accustomed to losing money and our customers are accustomed to making money the one thing they're not accustomed to is losing all their money and as long as you don't do that you're going to do just fine and so when I first started with them I set a limit of 20% I said if we lose any accounts that are down more than 20 cents we'll stop trading send them the money back and give them the choice of either continuing at another time or moving on and so we did that I didn't have to hit that very much mainly because I was long old and so forth kept going up but I had about a half a dozen customers and so did 20 men that like to call their own shots these were professionals I mean these guys you know they were big hitters and a few of those you know you get to know them very well and that's part of the problem so let's get back to the gold market here folks here's what I see as we're coming in today we're still looking for a buy in here here's what I was looking at yesterday I cancelled this right before the opening well long before the opening and I was going to be buying it at 2098 and we closed it I believe 2081 and I'm still going to be looking at maybe some time today I will be buying the gold I want to buy it on strength I'd like to see that gold get above the 1280 level and if we get that then I'll have a pretty good idea that that low is in and we've been down 10 days since this last high was made so that's a pretty bearish sign so I'm watching that and I'm also watching the possibility that silver could actually get down to that 1440 level and I don't know if that's going to happen or not but here's the problem so I get attached to this stuff and if I buy it here and it goes to 1440 I mean that's going to make me look kind of silly right well I look silly a lot anyway but anyway that's what I'm going through I want to get you the middle part of this and finally I wanted to take a look here at the platinum because platinum is one that's got the most bullish of all the patterns and if you'll take a look at this we went up and we almost made a double top here on Friday and what did we do we came smashing back down again dropped another $25 to the downside and that sets up an ABCD pattern right down to the old breakout level at 8.79 so there's another one that I'm watching right there so the timing is just about right and I don't know if it's going to but I'm not going to do it again someone asked me the question in an email yesterday he says why do you spend so much time discussing this gold because you've been really bearish and you picked $56 an ounce out of it now you're worried well I'm just trying to do the best job I can 877-927-6648 the Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try wouldn't you like to approach the markets with confidence as you begin your trading day it's likely that you'll be faced with lots of decisions in order to make the best 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if you think you're not going to do this without mistakes you better revalue what you want to do for a living don't open a restaurant but maybe being a prison guard or something like that because you're going to make a lot of mistakes you're going to get out too soon you're just going to do all of those four fears that we have all the time but you can still make money if you keep your losses relatively small and recognize your mistakes as quickly as possible so that's it that's correct David White just posted there one of my favorite quotes from Roy Longstreet there's no mistake in being wrong the mistake is in staying wrong and also Roy said the first mistake teaches the second mistake kills so when you make that first mistake whether it's a bad trade or not soft bank thank you very much David God David you should sit next to me here you must be a Google man I guess anyway that's the thing that you've got to do is try to correct your mistakes as near as possible and that's what I'm trying to do with the gold I realize that I got out of this short a little too soon that's okay I'm fine with that I'm going to get along this and I will get along it but I might have to buy it on strength but I'd like to buy it if it gets down to that 1260 to 1255 level and that silver gets to 1440 then I'll drink Walter and hook up the wagon and maybe buy an ounce or two but anyway that's what we're paying attention to this morning so we'll move on to a couple of things the stocks made new highs yesterday and everything except the the New York Stock Exchange Index it went up to the 78% level didn't really go very much the other thing is is that many of those S&P stocks they're saying they made new highs but you know the reporting that I see is that you know only 15% of them made new highs I don't understand where the statistics come from but that's what they report so I'm just looking at the charts I watch those bar charts and there's more buying prices are going up or more selling prices are going down so that's the key to what we're looking at here today on Wednesday the 24th of April so we'll watch this very very closely as we go through some of these other charts that we want to look at today if you'll remember we were watching the stock of Qualcomm last week for a potential of a just one second here folks I've got to get this up here for one second here and I want to get Qualcomm up here just because it's got a chance to do something that would be a really great trading opportunity because the news is so bullish on this stuff and yet it's not going anywhere so I just wanted to get it up here to this level here up it's already a it's okay yeah it's gapped up again so this is this is good so we're back up to that 87 level hold on this is what I wanted to see hold on just a second this is what I wanted to show here there we go alright here's the pattern that we were looking at in Qualcomm and the whole key was we were looking at the 127 to possibly come in at that 82 level and you can see that we gapped up yesterday took it up to 8850 now that takes it up a little bit higher we'll take it to the 1.618 expansion level but you can't do anything with this until it starts down that's the whole key was to close in the lower part of the range in other words right on the low of the day then you short it on that day and if it doesn't gap down the next day you could have a problem so if you're going to trade a potential island reversal like this the market has to close like today it's trading at 8704 it has to close at around 84 and if it closes at 84 you can sell it right on the close and then tomorrow if it gaps down you've got a nice winner but if it gaps up you've got trouble and you've got to get out of it so it's not a bad pattern because it is a three drive pattern the 1.618 number comes in at $90 a share but that's what we're watching here you have to be make sure everything is lined up you know everything didn't line up there because it didn't close in the lower end of the range that was the key of the whole thing is you want to see that there was some type of reversal moving at that particular time now we've just made some lower lows here we haven't gotten below the 111.6 yet in the Euro but we're very very close this is going to be a real interesting day here in the in the Euro because we're attempting to break into that level again we're now trading at 111.85 let's get this up here so you folks can see what this looks like on the weekly chart because going below that level is going to set up a potential of getting down to that 106 level now we could also just take out that 111.60 level in reverse because there's going to be a lot of people technical people much like myself and few of the people here at Tf&N are looking at that number and that might be just like a magnet so keep an eye on that it's going to be interesting you need to get down there with gusto and I mean gusto means another 20 pips below 111.60 that's what I would be saying this would be a major breakout the dollar index we've talked about this over the past weeks the fact that we're heading up and we still are heading up no big surprise there we look like we're heading up to that 98 level eventually we're trading at around 97.50 I believe today and it doesn't take much to pop it up there to that 98.20 level and break through that double top area then we'll see what it does at that point the Australian dollar was one of our early trades of the week if you remember we talked about that very very early early on Sunday of course Monday but that was one of the things that we were looking at for the Australian dollar to break down and now you can see we're trading down to that 70.50 level and lower which means that we could be making the bigger ABCD down here and that's going to threaten it's our fact it's already threatened that head and shoulders pattern because it could not get above the 72.50 level that's why this ABCD pattern that we had last week was so important at 72 now we're 150 pips lower and everybody says what happened well what happened was that ABCD pattern up there that was a perfect guardly at 72.05 and now we're heading down to the looks like we're going to break below 70 or breaking below 70 takes you down to 68.95 and boy that would also be a little help to the dollar also would be very interesting now there is one that we missed and this is the one that is just this is one that drives you crazy we talked about it yesterday to watch it very very closely someone even called in about it the one call we did have and that was to buy this darn thing at 129.10 well 129.15 we didn't quite get there yet now I haven't double checked it yet this morning but I'm going to try to do that right now to see if I can find this and if you'll give me one second here I will get it ready let's hold on one second this is okay bear with me here boys and girls and I'll get this ready here right now we're trading at we're trading at 129.39 right now I would still be a buyer of this British pound 129.10 that's 20 pips from where we are so that's what I would be watching so let's pay attention 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 877.927.6648 David uses his years of trading experience to offer his subscribers his trading ideas each morning in his Path of Lease Resistance newsletter. Using a combination of equity trades along with options, David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30-day free trial to David's daily newsletter The Path of Lease Resistance with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning, then visit the front page of TFNN and you'll find the Path of Lease Resistance under Trading Newsletters. For all the details and to start your 30-day free trial today, log on to TFNN.com now. TFNN is excited about our new software charting program, the Art of Timing the Trade Charts. 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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. All right, folks. I posted the chart of the Australian dollar. You can see what's happened here after you broke that little trend line that was there. And it looks like we're heading down considerably lower. This will be a very interesting day in the U.S. dollar and the Euro because it's going to make a test here this morning. And we're going to see if it can hold this level or not because it's very, very, very important in the Euro and also on the dollar on the upside. It might be affecting the gold market too, but I'm not really sure. Now, there's been some news this morning about Qualcomm. It's been updated by, upgraded by one of the big firms that they're looking. It's going to go higher. Board, does this remind me of old days back in December of 1999? I'm sure it was 99. Well, I'm not sure of anything, but I'm pretty sure it is. About 20 years ago, I was invited to go to California for a New Year's Eve party with some of friends from Drexel and old friends from the neighborhood. So I went over there for that. And on that Friday before, I believe it was a Friday before, I had a, I was short some Qualcomm. I didn't do many short sales and stocks at that time, but that was during the 2000 run-up. So I was involved with it. And I had sold, I'd sold 100 shares of Qualcomm at, I believe, I think it was around $599. It was a 300, a three drive to a top pattern on the hourly charts. And everybody was extremely bullish. And right after the close, a young man from, I don't remember the firm, and I can't quite remember his name. He's still on CNBC. And he upgraded it to $750 is what he upgraded it to. So here I'm short 100 shares and I had a really good year in 99. And I was trading for the Saudis, friends of Bill Meridian, one of them had come here to visit me staying at the Canyon Ranch and opened an account. And I traded with him for several years until he, no it was not Henry Blodgett. I'll think of it in just a minute. Anyway, I had sold it. And so I was going to figure I was going to be out about, you know, close to about $50,000, about $100,000, I think. And so I called up and I told the guy that was handling it, Amir. I said, look, I got a problem. He says, you don't have any problems. You had a good year. What's going on? I told him, he said, don't worry. What are you going to do? I said, well, I'm going to see the opening price. And if it's, you know, below the opening price in the first hour, I'll keep it. If it's not, I'm just going to pitch it out and call it a year. And he said, okay, well, what happened was the call on the stock was like 80 higher, 100 higher, one of those deals. It opened about $20 higher and then reversed and dropped about $150 over the next few weeks, which started out the year pretty good. But I remember Qualcomm from that. And also I remember Qualcomm from the very beginning, because one of the gentlemen that we were visiting over in California had a gardener there and San Diego. And the gardener kept saying to buy this stock, who's a little Mexican guy, Henry from, well, not Henry Blodger, but he was from Tijuana. And he would come across and do all of his work and then go home to Tijuana. He had a whole bunch of customers and he had several little trucks of people that did it. But he was handling the guy that started Qualcomm. And the guy from Qualcomm would tell him to put all of the extra money that he had into the Qualcomm stock. And so he did it and kept doing it and doing it. And then one day he showed up and said he was retiring. And he had sold all of his Qualcomm stock and had enough money to live what he thought was going to be the rest of his life. And he moved back to Mexico. Never heard from him again, but that's what happened. But that was a long time ago. But I certainly remember that story. Okay, you don't hear those good stories very often. A lot of times you hear some bad ones, but that's neither here nor there. Okay, let's move on and take a look at the stock market, folks. We are up in an area where, let's just get the Dow Jones composite, I mean the NASDAQ up here, because we made a new high. Now, the $64 question, is this going to be a major top up in here? My guess is it's going to be, it's going to take some type of a pull back for them to push it through with a lot of gusto. But that's it. Which half do you have, Ruby? You want to look at palladium? Are you long or are you short? What's the story? I don't really know. But let's, we've got time here for you, Ruby, because you give us the silver. Let's take a look here and we'll see what the palladium's doing. I'll give you my two cents worth. And we'll see what's going on here. Oh, there we go. Now we got this thing rocking and rolling. Hold on one second. Let's get this palladium up. Palladium starts with a P, I believe. Okay, P-A-D. Boy, I got so much stuff in here. I don't even know what to do. There we go. All right. We are trading, oh, this thing's a sale. PA is palladium, correct? This is, I don't want to be long. Well, I don't know. It's just give me one second here, Ruby. I want to get to draw the thing in. See, we've only been able to make a 382 retracement here. It's okay to be long here. No question about it. But I would not let it get below 1350. That's, you know, 47 bucks, around two grand from where we are right now. I don't know if you want to risk that or not. But if you want to be really safe, put the stop below today's load around 1370. But you really got to get it above 1420 in order to get it moving here. Because on the long term, you see on the long term weekly, if you look at this, this is even clear on the long term weekly that you made that long term 1.618 expansion up there. We talked about this several weeks ago up there at that 16 or 1560 level. Now, then you backed off. You dropped $250. You stopped pretty where you should have run it. You're 382. Then you've rallied to the 382. But you've got to start getting it to the upside. Now, I'm bullish. Well, there we go again. Get the old. Anyway, I feel relatively uncomfortable that the gold, silver, and platinum are getting ready to go higher. So that might pull palladium up. I don't know. That's my two cents worth. Never traded it. I won't trade it because it's just too darn thin. It's only got an open interest of around 3,000 contracts. And believe me, that is a recipe for some really wild stuff to pay attention to that. So I would keep a very, very close eye on that one for sure. So those are the main ones that as far as I can see in the metals that I would not trade that one because it's just too darn thin. I got to stay away from that. All right. Let's move on to the next one that we have another question on. And that is the Microsoft. No, it wasn't Microsoft. Shut the front door and raise the rent. It was Netflix. And I'm not even sure about the Netflix itself. But if you'll give me a second here. Now, it was Google. Shut the front door just a minute here. There we go. You can see here that Google just went up and almost made that perfect butterfly pattern up there at that 1250 level. I don't know where we're trading in Google right now, but 1250 was the number we were looking at. I don't know if it's going to be turning from there or not, but that tells you if you're trading a $1,250 stock, you don't have to risk more than about 20 bucks on that because of the fact that it is going to stop right there or not. And that's a very small amount. That's only less than 1% if you're going to be looking to trade that. So let's take a little break here and I'll get back. Someone's asked a question about Microsoft and I'll cover that after the break. 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. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. 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Now, the next one we're going to look at here is Netflix. And that is a much easier one to look at. And let me explain to you on Netflix because this is a very interesting pattern. First of all, let's always remember, folks, go back to January the 4th when the stock market was down 600 Dow points and Netflix was up on the day. We talked about that that day because, my goodness, you certainly don't want to be short of stock that is facing all that selling and nobody wants to sell it. I mean, it's really, really a bullish stock. And you can see the next day when the market turned, Netflix gapped up and it kept going and going. But we're really in an interesting spot now for a low risk short sale in Netflix if you have that interest. We're setting at the 78% retracement of the high that we made back in July. You'll also notice between March and April, where we are now, we have a beautiful three drive pattern. The first one coming in at 368. Drive two comes in at 378. And we just finished the third drive at 384. We're now trading at 380 and 380.30. So you only have to risk about $3. Well, $2 above that. So your stop would be at 386. So you wouldn't have to risk very much. And your profit objective on that would be more than $25 a share. So that's a four to one risk-reward ratio. It also has that really nice ABCD, as you can see with the red Thunderbolt pattern there that came down to the 344 level. But it's very low risk at this point. It might not work, but that's the type of trade that you're looking for because you can control your risk so nicely. Take a look at the November-December period, folks, when it's making the three drive to a bottom pattern there. That's what we're really looking at for the gold and silver to do. It hasn't completed yet, but that's, well, it could have completed. We don't know yet. But you'll notice that that three drive pattern is very similar to the three drive pattern we're seeing here at the top. So sometimes they work, sometimes they don't work, but that's the whole key to it. But right now, if I had to put a small wager on something, I would look to being short Netflix and putting a stop at 386. So you're risking $6. That's less than 1%, which is really, really amazing. So we'll see how these things end up today, but that's what we're looking at early this morning. Let's take a quick look at the Treasury Bonds. I believe we just completed a 382 retracement in the Treasury Bonds this morning. And we're right there right now, 147.06. So we'll be watching that one kind of closely to see, excuse me, what's happening with that. So we'll watch that there. If we get above 147.20 in the Treasury Bonds, that would most probably tell us that we almost look to be a, it might go a little bit higher than that, but the bonds look very negative on the short term and especially the long term. They're really, they're really quite, you know, quite negative. So we'll see what to have. We're trading 147.07 now in the Treasury Bonds. So we'll see if that's going to turn around this level or not. We don't know, but this is a 1.27 expansion of the high that we made two days ago. So we'll see what's happening. One other question someone's asked is about the crude oil. There's a lot of resistance up there at that 66.50 level, folks. There's a 1.618 expansion on the four-hour chart. Some of you folks sent me that to remind me that was came in at 66.60 and didn't hit the devil's number 66.66 and only got to 66.60, which is three sixes. Anyway, let's keep an eye on that because it'll be an interesting one also. One other one that we're looking that has a slight chance and I do mean slight here and that is the grain markets are just getting hammered again. We've got the soybeans have broken down again and they keep going lower and lower. We tried them yesterday for a nickel. They didn't work. So we're going to wait and see how it ends up the next week or so. Not going to do it this week because it'll take some type of a monster reversal here either today, Thursday or Friday, which I don't expect that to happen. But there's a possibility that we could be bottoming you within the next week or so at this level. The corn's made a double bottom to the downside and broke that 360 level in spot July corn, still holding relatively near that level, but it's getting very, very close. So we'll see how this works. Anyway, as we move through some of these things, we'll have a better idea of what's going on today. Now, we'll give you a little bit heads up to something that I've been watching, been doing some research, of course, with the artificial intelligence. And I wanted to show you this was the forecast that we had for the market, for the stock market. And when we were in the European session, I'd want to get this up here. You can see it closed here about eight o'clock, our time before the SP opened. And what we were looking for today was to see if we had this type of a move going on in the stock market. So far, it is moving in that direction. So it moved down till around 12 o'clock. And then we should get a rally of about two and a half hours toward the end of the day. If in fact, it works that way. Now, we don't know if it's going to continue, but that's another one that we're watching. And the other one to really kind of keep an eye on, and this is just, you know, sort of experimental, this is the Euro because we're, we're down here near death's door in the Euro. But as you can see here, the forecast that we have is at around 10 30 in about another 50 minutes. If this Euro is right there at that level, and it's just made new lows and hasn't turned down dramatically, there could be a big reversal in the Euro at that time. Now, this is, you know, what we say with double quotes, highly experimental and don't, it's not for the faint of heart. So keep an eye on it. Just a timing thing has nothing to do with trend or anything like that. It just says that around 10 30, there could be a potential trend change in the Euro. That's based on some patterns of the pattern recognition variety that we looked at over the last 30 days, and it matches them up using artificial intelligence. And uh-oh, we have Beverly on the line from Princeton. What can we do for you young lady? Well, in my, in my former life, I was 10 years on a dairy farm in Wisconsin, and we raised, you know, oats, corn, whatever. And what I don't understand is with all this flooding in the Midwest, I'm talking Iowa and Nebraska, part of Wisconsin, totally underwater. How can these grain prices be going down? Those farmers will not even be able to plant this year. I know in southern Indiana, where I'm from, you know, Beverly there, my good friend, Dougie, he's got a thousand acres, been in the family for 150 years. And he said he'll be lucky if he gets 10% of his corn crop in. And a lot of his bottom land, you know, near the Wabash River there is, he's not going to plant it this year. It's just not going to be able to do it. So that's, uh, I agree with you. I don't know what's that. You want to hear my 10 cents worth? I'm a conspiracy theorist, you know, in my second life. But I think they're pushing these grains down so that China can buy them really cheap. And then, uh, just like the old Russian grain robbery in 1972. I remember that. I was on the farm then. I'm looking for a bottom. I'm just waiting. We didn't have anything coming in on the full moon on the 20th, which I thought it had a chance. I took a nimble at Soybean's yesterday for a very, very small loss. And now I'm just waiting for, uh, another expansion to the downside, you know, to see what it could possibly be. But, uh, you can't try to catch a falling knife in these market steer. It gets a little sharp, you know? Okay. Hey, thanks for calling in. You bet. I really appreciate it, Beverly. Thank you. 877-927-6648. 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 share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, 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. 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Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page. TFNN.com, educating investors. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand-drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software, which included the standard market technical indicators, enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two-week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com. Cancel it anytime during that trial and pay absolutely nothing. Get your two-week free trial to Basil's newsletter the opening call today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Okay folks, we're in the home stretch here as we look at these markets today. The keys to watch, of course, are the Euro 1.1160. We're trading at 1.1193 and also to keep an eye on this British pound. It's got a lot of support at that 1.29 level. It certainly does. The Australian dollar is already breaking down. The Japanese yen is doing absolutely nothing as is the Canadian dollar. But if we keep an eye on this Euro and the British pound, I think those are where your probabilities are for some really good moves if we start to get there. If that Euro closes below 1.1160 folks, that means that dollar is breaking out and that means that the US dollar stuff is going to be more expensive. That means grains and all the other stuff. So that could be something that's going to weigh on the grain markets even more because that means the dollar being expensive. When people buy it, they've got to convert it to dollars and that makes it more expensive and that could do this. So we need the dollar to at least the Euro to hold this level if we're going to get lower prices to possibly get some demand going in the grain market because even though we have a lot of water there right now across the Midwest and stuff, this could dry out quickly and we can still have bumper crops. But we've had four bumper crops in a row and we usually get one or two at least scary things happen during the year. So we'll see. So keep an eye on the bonds as long as we don't get above this 10470, 147, 07 level. It looks like we could be turning down here. That's the 1.27. We've had a small rally here for the last day and a half. We've rallied about a one full handle and that's what we're keeping an eye on here with the treasury bonds. So those are the things that we're looking at today. So live every day in an attitude of gratitude and may God bless and we'll see you on the flip flop tomorrow.