 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 727-873-7618. Now Larry Pezzavento. Okay, looking good. Billy Ray feeling good, Lewis. We're going to move on here to the first things that we usually check, which is the DAX and also the FTSE. And you'll notice that they've been in a downtrend and had a little bit of a rally overnight, which has continued into our opening so far. So it's going to be interesting to see what happens early today. Now, if we take a look at one other thing this morning before we get started, and I want to talk a little bit about the gold market, I wanted to mention to you what I think happened in the crude oil market. I'm going to give you my heads up just looking at patterns from the last, from where we were Sunday night. So let me, remember this is just patterns folks, it has nothing to do with anything else. But this is a basically a 15 minute chart and I know it doesn't look like much here, but that little Gartley that happened there at $23 a barrel was a 10% move from $21 a barrel to $23 a barrel. And then you can see what happened over the next two days. There's the ABCD structure and it measures right now to $6 a barrel folks. So that tells us that we've probably made some type of a bottom in the oil. Now, it ought to have good bottom at $6, I don't know, but they say they can't store it anywhere. So we'll be able to see. Now, it's going to be interesting to see what they do with the price of gas leading across the country because that would bring gas down to about a dollar and a quarter and some places probably even under a dollar. But if that happens, so right now we're trading up around 1380. We did make a 50% retracement last night in the crude oil when we got down to 1080. And I think last I saw it was around 13 bucks. So it's moving 10% of the time. But when you have this, it's pretty crazy. The final tally on what this guy's lost over in Singapore is not out yet. But they think it's somewhere in the neighborhood of $4.2 billion. And that's a lot of money. But if you can handle that, you're probably still going to be in the game. So we'll have to be able to follow that as we go through the history of what's going on with this. We'll keep you informed when we hear something. So we'll look at it. Now, on the corn, the corn had a report about ethanol yesterday. And that took our stop out on the July corn. So our farming business did not work out the way we thought. So we'll be able to... Yes, Duffy, you'd have to say $4.2 billion would be a definition of a bad trade. I think it's probably one of the worst ones ever. But we don't know some of them because a lot of these guys, you know, they're big boys. You know, hey, look, BlackRock swing $6 trillion. So if they lose $4.2 billion in something, it's not a big deal. So it depends on who's sitting at the table. You know, that's basically what you're watching here. Now, something interesting did happen last night. And I don't know if it's going to mean very much. But we did have one of those trades that we like to look at. And that was the fact that we had a nice Gartley forming in the gold up there at the 1730 level. We dropped all the way down to 1711 this morning. And then in a matter of about 30 minutes, we went from 1711 all the way up to 1734. We rallied another $23. We're trading around 1727, I believe right now. But that is a double ABCD and a 61% retracement in a downtrend, if in fact it is a downtrend. And we are not 100% sure of that, but we feel strongly that these metals are still in the downtrend. Any move above 1735, I believe, or 1736 in the gold would tell us most probably getting ready to go a little bit higher. Let's mention here that also that the June contract for crude oil is restricted by most of the CME houses today. So if you want to trade crude oil, you have to switch over to the July contract. And the July contract is in backwardation. It's under the price of June. So it's been in Contango for a while and now it's switched over to backwardation, which we might be getting close to something here. Folks, can you believe this? We were at $69 a barrel back in September, and here we went to minus $40 a barrel. Minus $40 a barrel means if the person is long bat, and that's what happened, this guy had to, when he takes delivery, there's no place to store it. So he has to pay to get rid of the oil. And I don't know if he got down to that minus too much, but I'm sure he got a lot of it minus. And then it was Tennessee, 99 cents a gallon in Tennessee, shut the front door. Marshall, what are you doing down in Tennessee? That's a long time ago. The guy's name was, I don't know, you can search it on the internet, but the name of the firm was Hin Long, E-L-O-N-G. They own a bunch of banks and believe me, they had credit everywhere. So in order to have credit everywhere, you have to have assets. So I know they got hurt really bad, but this is not going to put them out of business. Duffy just told us that the price of gasoline in Tennessee was 99 cents a gallon, and he mentioned it's we too low. Okay, I see that a little bit of humor here. We have to pass that on to all of our jokesters here at TFNN. So we'll be paying attention to that. So if we get above that 1736 level, we could be ready for some more move to the upside. We had some of those beautiful patents that we had and some of these things certainly completed yesterday when we were looking at that silver contract. I believe, I think we have it right here. Yes, here we are. We had, I'm not sure where we're trading. I believe we're up around 15 something in the silver. And there we go here. You'll see here that we completed that big ABCD down there from 1631. We dropped a bucket of half, and I believe we're trading up around the 1520 level. I'm not even sure, but they're having a little bit of a rally in here. We'll see this. Oh, CNBC has reported a 1.8 to 1 reverse split on USO. Now, the reason why they do a reverse split, Bo, is because that allows that price of that to go way up. Okay, because you're getting 1.8 the price of what you're looking at. So what that means is it allows the Arizona $1.29, where in the heck is Ash fork? That's got to be outside of BF Egypt. Holy cow. Yeah, that's all that is as they reverse it. If you remember during the crash, Citibank reversed 30 to 1, and several others did. And that allows the price to be raised because some of these hedge funds and stuff cannot trade things under a certain price. And also it also depends on the delisting price. If you get below a certain price, you can't be listed on the exchange. And that's a big deal. That's why they do reverse splits. It gives them the ability to try to raise capital and stuff. So at least that's how I remember it, how it used to be, whether it's that way or not anymore. I'm not even sure. So without Stan Harley as our guest today at 9.30, he's always got some good things and has been a while since we've had him on. So that'll be great. And hopefully we're going to have Tim Bost either Friday or 877-927-6648. If you're not currently using the Taz Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The Taz 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 Dahl, Taz understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. 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That's a perfect head and shoulders pattern, folks, when you have the time and the right shoulder being lower than the left shoulder. Now, if it's bullish, you'd want that to be just the opposite. Hold on here. We're going to see what we've got here. We're still seeing the silver chart and that you should be seeing the silver chart because that's what I'm talking about. I hope that's what I'm talking about. Did I not say silver? Okay, anyway, you'll notice then we made the ABCD structure to the downside. And now you can see that we just made a 61% retracement up there at 1528 in the silver. So that's making a 61% retracement. Now gold, on the other hand, it's shot up and it's taken out the highs and it's gone all the way to the 61% retracement nearly of the whole move. So I'm just showing you this pattern because it does three things. It shows you the importance of the ABCD patterns. It defines what head and shoulders patterns really are and that's what you need to do. If you want to challenge that or get more information, you need to get Dr. Andrew Lowe's book, The Non-Random Walkdown Wall Street and he takes these down mathematically into calculus and all the other stuff that I don't understand. But basically it's got to be a lot more simple than that. And that's what I'm trying to do here and show you the simplicity in these patterns because they do three things. One is they define what you're going to have to risk. Two, they are repeatable and three, they do have some idea of predictability and that's all you've got. You have to take the responsibility for the stuff that you're looking at. Since we're talking about gold and silver, let's look at gold. This is one of the things that Steve Rhodes is really a specialist in. I wanted to bring it to your attention here because this is gold in different currencies. Now you'll see here, in gold priced in Euro, you see we have shattered the high from 2011 when gold was at 1700 because when you buy it in Euros you have to pay up for it and look what's happened. You've had this heck of a move. You can see all these ABCD patterns that are in here. That doesn't change. It just changes in the fact that you're dealing with a different currency. So let's look at a few of these just so you can get a grasp of how dramatic it really is. I mean, it's really quite spectacular. This next one, of course, which will be the Japanese yen, you'll be able to see here is the same thing. Now this is related because the dollar has been very, very strong. So you can see here that these are huge moves. Steve's done a fabulous job describing this in some of his writings. And I think it's pretty cool. All right, next one we're going to look at here is the Australian dollar. And of course, that's been pretty weak. So you can imagine what they have to pay for gold over in Australia. And if you get up and take a look at it, it's trading for about $2,700 an ounce over there compared to what they pay for here. So that's a big difference, folks. But the standard that we still use, of course, is the US dollar. And that's why we're watching it each day as we trade it in dollars and nothing else other than that. So I think we need to pay close attention. Folks, we are going to open today. I'm going to give you my two cents worth. Here's where we were on the other night. Remember on the 21st, let me get this up. Before the crash, I posted this chart on that day. I remember that was about two days ago. You'll notice that it was yesterday. Actually, we went from that was the 382 of that whole move from Sunday night came in at 2270. And we went from 2270 to $6. Can you believe that we dropped $21 a gallon in crude oil in just a matter of a very, very short time. Folks, that is a outlier event. I don't think you're going to see anything like that in my lifetime, maybe in your lifetime, but not in my lifetime. Minus $40,000. I remember one of the big things that happened when I was trading down at the Merc back in the 80s is they had an egg contract. And by golly, if you took delivery of eggs and nobody wanted them, you were in big trouble because eggs get really smelly, really fast if they're not refrigerated. And you had to pay a lot of money. Those contracts would go negative. And then what the Merc did, they got really smart and they said, you can't trade in delivery until you're looking at it. Marshall is asking the question, is this deflation? Marshall, deflation in any other word would be yes, but the Fed is throwing a lot of money at this. And the question is, if it doesn't work, yes, Marshall, it will be deflation or there's a possibility we could go into hyperinflation. I don't see hyperinflation anywhere right now when you see corn under the price of, we've looked at commodity prices and we'll look at them again. They're trying to make some type of a bottom in here. And frankly, you're not always going to be able to see that. Here's the CRB index, since we're talking about this is basically, we're either at a major bottom in here, but you can see the three drive to a bottom that we had. Then we had the rally up to 420. Then we dropped 25% all the way down to 320. We've gone sideways here for a little bit. But what the crude oil is weighted in there, so that's going to put just down into new lows. So I really think it's tough. Deflation is going to be based on whether people can get back to work or not. And what people don't realize is, well, let me get off my soapbox. Yes, it could be a bear flag, Marshall, you're absolutely right. If people are out of work, when they get this money, they're not going to be interested in consumer spending. They're going to be interested in survival. That's my two cents worth. I came from right out of the Depression era, folks. It was two years out of the Depression when I was born. So I still have the stories very vivid in my mind about what my grandparents and my parents told me about what it was like during those times there in southern Indiana where they lived off the farm and didn't have any work to do. And they grew their own vegetables, hunted for their food. I mean, this was back in the old days. And we've got all these millennials out there that they're not ready for this. Now, fortunately, they've got the internet to keep them going, but, you know, we'll have to go from there. I do believe that this flu that we're having is way overblown. I mean, they've literally destroyed the economies of the world who, you know, whatever this flu is, they literally shut it down for so much. Mr. Ruby's asking this bounce above 50% of the drop mean anything for now. All it was was just a retracement, Ruby. That's all it appears to be. It was absolutely perfect in so many things. And that's why, you know, I was so bearish, you know, coming into this, coming into Monday is the fact that every one of those, if you just look at the newsletter, I think I put out every single major ETF. And, you know, the ones for energy, well, not energy, but, you know, the consumer staples on healthcare and travel and all that other stuff. They were all ABCD patents and some of them were incredibly bearish, like the Russell and the transportation. That was just a, it was just nothing more than an ABCD correction. I mean, Apple was the one that was the, you know, because that's the number one, the number one stock in, you know, that everybody trades. And if we take a look at Apple, this basically depicts what was happening to everything in the stock market. And with the exception of two stocks, one was Amazon and the other was Netflix. And they were making 1.618 expenses. We're going to stay tuned for Stan Harley folks, 877-927-6648. 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. 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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, folks, I believe we have Stan Harley of the Harley Stock Market Letter on today. Stan, are you with us? Good morning, Larry. Good morning, Golly. Gee, I look at this chart going back to 1643. I remember when I was trading that tulip bulb mania. Boy, folks, take a look at this chart that Stan has posted. It's for the Dow Jones Industrial Average. We started back in the 1700s. It wasn't the Dow, but it was the stock market. The Dow didn't start until, I think, 1896 or something like that, as I recall. I'm sorry for interrupting, Stan. You have the mic. Please tell us what you're looking at here, please. What we have is a chart of the Dow Jones Industrial's going back to the 1600s, Larry. I obtained this data from the Foundation for the Study of Cycles years ago. The U.S. stock market actually started trading in 1792 under the famous Buttonwood tree. Yes. What is now Wall Street? So the data on my chart here prior to 1792 is synthesized from the London market. Okay. But in analyzing this, several things stand out immediately. I found that if I use the major bear market bottom in 1784, as what I call the genesis point, it is really eye-popping in what it reveals, looking both left and right of that date. And that date was very important. That was the end of the Revolutionary War between Britain and the United States. So it was the date that the USA began. It also coincided with the end of a major bear market in the U.K. So that date is very, very important. I've drawn a red vertical line there at the 1784 point and look left and look right. And notice if we project Fibonacci numbers from that low both backwards in time and forward in time, it lines up with every single major peak. The South Sea bubble in 1720, which happens to be 34 Fibonacci times 268. If you go to the right, about 55 years, you reach the peak in 1835. If you go the right further, 144 years, actually 145, but it's 144 Fibonacci. It lines up at the 1929 peak. And if you go 233 from that 1784 bottom, it lines up with 2020. And I've done a regression modeling of these dates and it comes out to be exactly 233.0 from 1784, where we topped out here just two months ago. I've never seen a chart this long. And interestingly enough, if you go back further in time to the Dutch tulip media, it was 147 years read Fibonacci 144 from that 1784 bottom. So every single mania going back to 1637 can be defined by the major Fibonacci series Larry from 1784. And we have seen here just a couple of months ago a major financial bubble peak. And it's not about COVID-19. And I'm not marginalizing in any way the seriousness of that. It's all about cycles in Fibonacci. And we are, I don't believe history will be any different. I think we are going to have a major, major depression. Just like we had following 1720 back in Great Britain, following the 1835 peak, which led ultimately to the Civil War, the 1929 peak you were talking about just before you and I went on the air, the Great Depression in the 30s, we're going to have another one of those. And I'm not cheerleading for bad times. I'm the messenger here, but I can see it coming. Yeah, I can too, Sam. It's a little scary. In fact, they've got the whole world scared here, at least in the United States and some other countries just with this virus, which I think is not, it's the excuse, but it's not the reason. Right, right. Every bubble top has its fundamental event, its news headline. And that's always different. But the cycles, the Fibonacci numbers, you and I have been working with this stuff for decades. It doesn't change. And one could see 2020 lines up with yet another one of these in the series. So here we go. Buckle up. Okay, it's going to get much worse before it gets better. Well, thankfully, we're trading actively. That's a good thing. Now, let's take a look at your next slide that you've sent us. It's about the Dow Jones industrial average compared to what we're looking at now is compared to 29. Is that what that is? Absolutely. I see not only the Fibonacci line up, but when I overlay the daily patterns of the 1929 peak and the 2020 peak, align them very carefully and one can see the correlation is astounding. Following the 29 high, we sold off fairly precipitously, made a low. And then, as you can see there, we rebounded. What I've done is I've plotted the 1929, 1930 data in black and the current market through yesterday's close is in blue. And we are following that pattern virtually day for day. The pattern indicates a topping just a couple of days ago, a sell-off, a little rebound, which is indicated in the 29 chart. And that's what we're probably seeing today. And then we should continue pick up the decline probably starting tomorrow and head on down into the end of the month. Wow, that's really an incredible chart. Just the positioning, I find, works for a while. Then it doesn't work, but so far, Larry, the comparative study to the 1929 top is astounding. Absolutely astounding. Wow, it sure is. Now you've got one other chart here that's very interesting, and that happens to be the cash S&P chart. And I can see the perfect ABCD pattern up here. Did it make a 61% retracement? It did not. It missed it by a little bit, didn't it? It missed it by a little bit. When it comes up on the screen here, one can see the daily chart of the S&P 500, and this is current through yesterday's close. And what we can see there, Larry, is the market rallied up to the 50-day moving average, which is depicted in blue. And oftentimes, when a market rallies, it hits that downtrending moving average, and that often serves as resistance. So it backs off from there, does some chop-chop. Of course, no market's going to go up until that thing flattens out and turns positive, the slope turns positive. That has yet to occur. But I see it's undergoing some back and fill here between the declining 50-day and the rising 15-day, which I've plotted there in green. And if the pattern holds out, we should begin to renew the downtrend starting tomorrow, maybe Friday latest. And I think we're going to head down to the end of the month. The pattern then would suggest we won't take out the March 23rd, the spring equinox lows for some time. We're going to be in a fairly large trading range for the balance of this year, but ultimately we will break the March 23rd lows. Are we going to be in a trading range like crude oil? No, that's a different story altogether. But the collapse in crude just lets all of us know that bad times are ahead. Yep, that's it. You got that right. Listen, Stan, can you stay with us? We have questions about gold and also about treasury bonds. Would you be able to stay with us a little longer? Absolutely. Okay, we'll be right back, folks. Stan Harley, the Harley Stock Market Letter. The 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. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. 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A fund's 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. We're talking with Stan Harley, the Harley Stock Market Letter. We have two questions, Stan. The first one is, what is your opinion on treasury bonds? Are you still bullish, as you once were? Long term, I am bullish on the bond complex. But I think in the short term, I think the bond market is probably going to sit within a trading range between what we saw about four or five weeks ago, where we got up to the 185 area. And the area in the summer of 2016, that high comes in around 175. We're kind of stuck in that range right now. I think we're going to stay there for a while. Longer term, I see bonds heading higher and interest rates heading lower still. So you're in the camp of negative interest rates then because we're almost negative now. I'm not sure I would take it that far, but I think interest rates are going to get exactly how low they're going to go. I can't tell you that. If I could, I would be a trillionaire. But looking at the timing functions, I've done the analysis, the Feminacci work, and my work says bonds are going to head higher interest rates heading lower into the latter part of 2022. So for about another two and a half years. Well, you know, Stan, since we started this show just about 40 minutes ago, we've had a 40% move in crude oil. Not that we're having any volatility or anything. The second question that we're having is about the gold market stand. What's your feeling on gold? Metal's complex, I think longer term. I think you're going to see substantially higher prices in gold. I actually didn't believe that several months ago, but having sat down and looked at some long term patterns, I can see it very clearly. Gold is going to go substantially higher. Okay, that makes good sense. Listen, I want to thank you for being our guest today. I hope you're safe up there in Scottsdale, Arizona. Because I know they're starting to open up some of the things here in the next few days. And I hope it's not too early. I don't think it is. I think this fear is worse than the disease myself, but that's my opinion only. But be sure you take care of yourself, my friend. And we really enjoy you having on the show. And I love that chart of going back to seeing those bubbles and the fact that it lines up with those 144 cycles. It's just truly amazing. And it's so spot on to each one of the most major things. You remember in 1835, that was Andrew Jackson, and that was the very first Federal Reserve. Yes. That's right. That was very interesting. If you just Google 1837, the panic of 1837 was a severe decline here in the United States. 90% of banks and railroads went out of business. Yep, that's for sure. And Josh, stop. I think that was poor. Railroads got even to be popular. So it's really interesting to see these things happening. So that's pretty cool. Listen, my friend, thank you so again so much. And we'll have you on again soon. And please be safe up there, okay? Look forward to it. Thank you, Larry. You bet. You bet. Folks, that was Stan Harley in the Harley Stock Market Letter. All you have to go in is Google it. He's one of the people that is in the top 10 of stock market timers. I believe he was number three last year. I know he's up in the top five because we've had four of the five people as our guests here. So pay attention to what he's saying. I think he's a pretty smart guy. But like everybody else, we all make mistakes. And the quicker you realize what your mistakes are, the better off you are. I wonder how that fellow in Hong Kong or Singapore would be feeling right now given the fact that he was, you know, four billion dollars poorer yesterday than he was when he came in Sunday night. So you got to protect yourself, folks, because if you don't, nobody else will. That's absolutely for sure. Now let's move on here. And I wanted to show you a chart from my good friend, Jim Bartolioni, one of my old friends from the old days of the old Navy, the F-16 squadron. I was fortunate enough to trade the whole squadron. There was senior Rooster Bucky, the fireman, and Bart. And you can see these big ABCDs here. And you'll see here that he was looking for some type of a bounce in here. I believe this is crude oil in a monthly. And this is not up to date, folks. This doesn't see where it says more downside to go. Well, there is certainly that because we went negative $40 a barrel. And all that means is the person could not take delivery and he had to destroy the oil. They take it out and they usually bury it. And that's usually what happens. But it's happened in a few other things. But how do you get rid of a thousand gallons of oil? And not only that, but you've got, let me see, you've got about 5 million of those. It makes it pretty tough to do it. So keep in mind that we live in interesting times, which is the old Chinese curse. So we'll look at it. I wouldn't trade that USO if they let me trade for free. That's an ETF and I don't like ETFs. So I don't even, you know, I mean, there's just nothing there. Well, there's probably something there. And BlackRock is because they're the ETF runner. They're not going to let this thing go under because there's too many people that have it. But well, you know, like they say, you're not trading oil when you're trading USO. You're trading the front much futures option. And now they've got to come in and they've got to heads themselves and things. So it's not a pretty good thing and what's going on. I thought USO was run by BlackRock. I thought that someone told me that and I believe them. So if I'm wrong, I guess you're right, G7, because if you're telling me that, that you're absolutely no more about it than I do. I'm just repeating what I heard and you came out with that so quick. So I'll double check that. So I wonder who did that ETF then because they've run most of the ETFs. But that's neither here. And that was Mr. Z that told us that oil services up 4%. Okay. Well, we hit $16 a barrel. We've actually had a $10 a barrel rise in crude oil from our price. Let's just take a quick look at that ETF. And let's just see where we are here. Here was where we were yesterday. Let's get it up here. When we hit $6 an ounce, $6 a barrel, and we go from $6 a barrel. Now we've rallied up to 16. We're right at the 61% retracement of the high we made back at 2200. So let's see the ABCD structure on this could take you to 18. We can make $18 a barrel just on this ABCD pattern in the thing. That would be up. Wow. That would be heck of a move. But anyway, remember, you can't trade the June folks. If you're going to trade, you have to trade to July. I keep the June up here because it does two things. One, it prevents me from trading the thing because that's what I'm watching. And I don't want to get involved with that at all. So that's the main thing to keep in mind. But there will be an ABCD up there at the $18 level. And you know what I should do. And that's what I will do is when I get back from the break here, which we're going to take pretty quickly, I'm going to get up here. It's 15. Now let me get up here to take a look at this so we can quickly look at this. Just give me one second here and get this old crude oil up here for the old June arena. And I think we do the 15 minute and we'll be able to see it pretty easy. Ah, there we are. Boy, oh boy, look at this spot on perfect ABCD is showing it right now. Let's get it up here. And let's see what the retracement is from the high we made on Saturday night or Sunday night. Get it up here. We're trading. Oh my goodness, believe it or not, if you believe in Monday's numbers, I think you're going to like this 877-927-6648. And stay tuned for the answer in crude oil. 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. 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New 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 folks, I posted the chart of the June crude oil. It's dropped a dollar and a half a barrel since we've been talking. We had a high of 16, 18, now we're at 1440, 1430. And that means something because that was a 50% retracement of the high we made back on Sunday night when we were trading at $24 a barrel or something like that. And so watch the next retracement, it will be interesting. But we've made what I think is a pretty major bottom here at $6 a barrel and a half. Folks, do you realize what's going to happen in Saudi Arabia with $6 oil? They're not going to be able to take care of their citizens like they usually do. Well, they can because probably the cost of production is a buck and a half. But this is going to hurt a lot of people in Russia. It's going to hurt a lot of people in Iran and it's going to hurt a lot of people all over the world because it's going to destroy some very essential businesses. And that's what's tough. There's no way to sell the oil because the cars are not running, airplanes are not running, the trains are not running. And so they're not using the stuff. They have no other place to put it. You built a great demand for it. And now what's happened, the demand has gone to zero and the supplies continue to increase. That causes a very, very bad situation. So keep that in mind when you're doing things. Look what happened in hogs. Someone asked a question about the July corn. There was a report yesterday related to ethanol, which is 30 percent corn. And basically what happened, we got stopped out of that position and we'll keep going in that direction. So we'll see if that's going to be the case. Anyway, we'll watch that as we go through these charts. Tomorrow, I'm hoping to have Tim Boston as our guest. And on Friday, we're hoping to have Bill Meridian on for a cameo appearance because of the move we've had in some of these things. He'll give us an idea, possibly an oil, what he's hearing and what he's seeing in the oil market might be helpful to us when we're looking to trade. Remember, you're not supposed to be trading the June oil. Most of the firms won't allow you to do that. You have to switch over to July. Please use stops, folks, because the slightest little bit of news will move these things, you know, $1,500 like we've just seen here when we hit the 50 percent retracement in the 1612. We're now trading at 1463. So let's pay attention, 877-927-6648. Live every day in an attitude of gratitude and may God bless.