 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 have Jeff huge from Alpha Insights as our guest Today tomorrow is Dr. Al Larson the double PhD my good buddy from Fortin, Colorado And then on Wednesday, I believe we have Shane Smollion as our guest I hope that's right I'll have to double-check the calendar when I get a chance anyway Let's move on here to talk a little bit. You can see the European markets have nothing to do with bullishness they've been hit pretty hard and most of that is directly related to the euro and That's the main thing that you want to be watching is that euro is just getting slammed and we thought it was going to get slammed But it's so oversold. It's due for a bounce We've got the dollar index back up at that 96 level on the weekly. It's hit the 50% retracement Remember at the 9602 it was a 382 an hour at 50% But with all the news going on with the new chairman or getting his new Partner his sidekick now, they're the dream team and we'll see how that works out Okay, let's move on here to a few things that I think are relatively important I posted a chart here for the Elliott wave theory folks got some really great charts And I when I have a chance that once it looks really interesting I'd like to put it up the reason why I'm showing you this it's showing you how the market reacts to these Epidemics you can see sometimes they happen right on the bottom I mean, it's a perfect example of SARS and COVID market was making a bottom at those times Now as most of you know, I've been watching that 1.618 expansion on the S&P and also on the The apple which was absolutely massacred this morning and then also the NASDAQ But there was one chart this weekend that literally scared me to death And that's one of the reasons why I wanted to have Jeff honor as our guest here today and this was also from the Elliott wave folks and it was basically showing the Relationships of new highs to new lows you can see new lows are surging Okay, and then you'll look at and you'll look at the look at the points every time that those things are surging It's been a bottom of the market. I Mean every time look every time this is surging look and look what we're surging now And then I said I told Jeff I said my god I said there's nothing that looks bearish about this chart at all and that's what that that's what little what really scared me And also there was another one that was a little troubling to me and not they all troubling to me But I watch it for fortunately, let me get this up here I'll get it to you right here and that was this one right here I wanted to bring this up to your attention because this is the Weekly S&P and you'll remember here folks You know how much I respect the 1.618 level and folks when we went above this 116 Level 116 60 It just literally went up quite a bit after that But once it broke that in that first hour when they announced that foul was going to be you know the the savior of the world That's that's what kicked that thing in the rear end So it's interesting to watch it anyway that the main one that we had We only had two positions on coming in here today folks. One was in the gold market. We've been very schooled for quite some time and But with that 78% level up there at 18 78 that was the ABCD measured 1879 and we thought that there would be a possibility that we might have some I put this in the video last night that gold could hold 1830. I said, but if it doesn't I said it's gonna break And it got all the way down to 1812. I think we're heading lower in gold So I recommend if you're still in that short to hang in there. It's up well over Well over 60 bucks, which is a good sign. Anyway, those are just a couple and I wanted to Bring to your attention the silver market because silver today I'll get this up here so your folks can take a look at it the load today in silver Okay was exact 50% retracement of the low that we made back on November 4th and here again You see silver was way behind gold as far as the ABCD gold made the ABCD at 1879 Silver didn't even didn't even come close that to me is You know, that's not a good sign either longer term. I'm very very bullish and gold but frankly I'm getting a little more concerned the fact that it gives up so easily and That's not a that's not a very not a very good sign When you're looking at some of these things another one that's should be very troubling to the gold bulls And I'm beginning less and less bullish. I guess is in my old age, but this is the GDX I just heard Basil talking about it, but look at the GDX. It just made a 382 from the high Way back in August, you know, you remember where we were in August in gold folks We were we were knocking on the door of 2000 and look where that GDX is He just made a 50% retracement off the June high and a 38% retracement off of the One in July. That's not a bullish chart, you know, if it turns around it will be but it certainly isn't That's what we're paying it out. You know, that's it gold is resilient. It's holding longer term I'm basically, you know, gold's a great trading vehicle folks. You can see how it follows the ABCD patterns You know, and you know one thing I can tell you with a hundred percent accuracy I am so good at finding in these patterns after the fact that it's amazing I do find a few of them before the fact but sometimes I don't find them till after the fact and that's just the name of the game So let's let's remind ourselves. It's not about the money that you make it's about the money You don't lose so let's keep our keep our powder dry and look at it now Here's this is a you're gonna have to do some homework here folks Because I can't get all the charts up here. Here is the Dow Jones. This is the Dow Jones e-mini to me This is a really important chart and I'll show you why There's the Dow Jones e-mini right here and we were expecting support to come in here around 35 278 Now what we did was we came down and matched that low a little bit But then I want you to do this for your homework Go take a half hour chart and look at the Dow e-mini and see what the high the day was today The high of the day today was none other than a point three eight two of the whole move now stop and think This is in the midst of the most bullish news They've got from for the market in a long time the fact that we've got You know Maverick and his sidekick goose are running the the Fed now for a while So what we're going to be looking at is maybe, you know free money again Of course the bond market continues to go lower as expected so remind ourselves that These things are moving but the Dow is not acting very bullish at all folks the Dow just made a three eight two of the high I mean you and you stop and think we've got the new highs in the S&P new highs in the Nasdaq I mean golly that to me means something now if the if the Dow turns around and gets really strong today up 300 and something then that that it's certainly failed But it went right to the exact tick at the three eight two so I think that's an important important factor To keep in mind now. I had another question about Cryptocurrencies and I'm going to bring this up here. I just just pull it's up off the internet It's nothing fancy or anything, but the person asked me did these patterns work In the the cryptocurrencies they have to folks because the public's involved. There's no question about all this is is a This is a two-day chart. Well, actually, it's a five-day chart, but you can see there I put the dotted lines. That's a perfect three drive to a bottom Pattern just absolutely perfect and that bottom right there at 56 is exactly a three eight two off the daily So that's why we've had this rally So let's take a little break here eight seven seven nine two seven six six four eight You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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So I can't really touch that I don't have any three drive pattern or anything to make me want to be a buyer of the euro Even though I'd like to be just because I'd like to be a seller of the dollar index and you know That's at a I don't trade the dollar index for a whole lot of reasons anyway But anyway, I'm watching that euro because of the fact that we are getting close the problem is it's not close enough And I can't quantify the risk and so I'm just paying attention to what's going on the only trades we had coming in today Of course, we bought we've had a special video about the crude oil in the heating oil Absolutely perfect number 75 and a gen oil the low was a 75 oh one and low and then the Heating oil was exactly this the exact price we took out last week's low by one tick And then it immediately rallied five cents So those are the kind that you know where you stand at any particular time and that's what you're looking at The main thing today folks is to watch the stock market because if the Dow Jones Should happen to turn down today and close into the red What you saw was a 382 retracement in the midst of all that news that was happening with the chairman and all that stuff So I think that's the most important chart that I'm watching today And you know, it's way early you watch it 1130 in the morning, you know so many things could happen between now and 4 o'clock that you have to be Extremely careful. Okay. Now. I wanted to bring one other chart to your attention and if I can just find it I'll be okay. Oh Shucks, where is it? Oh, I had the Apple chart ready to go but the problem was I was not able to bring it up to To put in the room because I can't size it down properly. That's the problem But Apple once Apple went above 161 today folks That was the 1.618 retracement and we talked about that yesterday and once we went through there I mean that was I mean, here's the number one stock You know that everybody holds and boom away it goes and it's you know, totally off to the races So 161 was the expansion in that that was, you know, one of the reasons why I There were a lot of different reasons but I didn't issue any cell signals in the stock market even though I wanted to because I wanted to see What would happen this morning because I was a little concerned about that new highs to new lows chart and the fact that the NASDAQ had closed above the 1.618 by about 20 points and these things are so accurate that they don't They don't stop at those numbers for not a reason now. Here's what I want I've got a few minutes here I want to go back in time here because we're in the same Situation is where we were in my opinion. I remember I'm a chartist. Okay, so this is an upside down version of what I think we're seeing right now This is the you can see the three drive to a bottom pattern here This is the Dow Jones industrial average trading right around 7,000 here the low came in on the 9th of March I'll actually the 5th at 6600 and from there we continued to rally to get up to 36,000 But this was a perfect three drive to a bottom pattern. I had to double ABCD's everything that you wanted I believe we're we're very close to that and with the fact that we had that big eclipse over the on the 19th and the new and the full moon Everything was set up that looked like the high was going to be Friday And I was really expecting the market to open lower Sunday night and when it opened higher. I said, uh-oh Something's not right and I said we got to wait and so that's why I was waiting to see what happens It's not about how much money you make. It's how much money you don't lose. So let's look at that okay now the The the Bob Bob you're talking about the natural gas That's a very important one because we were watching that Well, I hope I have a chart on it because I really wanted to bring it up because it had a lot of support there at that 7769 we got down to I think 768 and then we reversed right away So and that that might be all related to the the heating oil and the crude all I don't know But I just couldn't couldn't do everything but that was one of the ones that I was watching Let me think maybe I can get this up here and show you what I was there. We got this up here I think this will show up pretty good and we'll be able to see it without too much trouble Let me know if that chart posts. Okay the key The key folks is if you look at the red box At that 466 level that's the key. You see that's that's that's the key Bob because Once it once it took that out by just a little bit and there was no more selling Bada bing bada boom had only one way to go and that was up and that's why Of course we're happened to be long crude oil in the heating oil, but it couldn't do the natural gas Anyway, that's what we're paying attention to so we'll see Uh what we're watching on here all I'm trying to do folks is showing you how some of these patterns work And believe me they only work part of the time but my goodness they work better than just about anything I've seen And so I'm you know a little prejudiced to that so look at we've got a chart from a good friend Mr. Jim Bartolioni Over in San Diego, California surfing on the beach today with his son JJ Let's get this up here and take a look at it folks. This is the long-term folks We've got to use basil Chapman on this one because we go all the way back to July the 5th of 1932 I think I was 12 at that time Anyway from that level you can see that he has drawn an abcd pattern and he says it sure looks like an abcd pattern to me And you know Jimmy it sure does it's spot on and boy. We're right up there too that that is a continuation We've actually made the depart so I don't know how the transportation is doing right now. Hey folks I did something really cool. Let me tell you what I did. I got a few minutes here You know, there's a big supply chain. You can't get anything right Shelves are empty what I did over over a 20 minute period last night. I went on to amazon I ordered a fat little over a thousand dollars with electronic stuff Toys everything I could think of I didn't buy any of it I just ordered it and I wanted to see if any of it was available and it was all available There was it one thing that was not available So I don't know what that stuff is but uh, there's no that we don't have any show problem here in Tucson But uh, you know, you can go on amazon get about anything So, uh, of course, I canceled all those orders. Maybe they were when they went through they wouldn't say it unavailable I didn't want to do that But the fact that they you know accepted the order was telling me. Yeah, maybe they do have it So I'll have I just don't trust the news anymore folks. It's just so You know, and I'm talking about everything even foxes in there, you know They they just beat you up too much and I I shouldn't get involved with the politics And I've already said more than I wanted to we're going to have Jeff huge as our guest today folks Tomorrow we have dr. Al larson and on uh, Wednesday, we do have the wolf trader himself Shane's mullion will be our guest So we'll have some good folks to uh, give us some terrific information On these markets here. So that's pretty much what we're watching here today We're going to take a little break now. I think soon as the music comes up And then we're going to have Jeff huge on and I'm going to have to put the charts in separately So hopefully we'll be able to get them in one at a time and not make any not make any mistakes this time and get everything moving Okay All right, I think that's about it. Should the music be on now? I think it's way past the time. There we go We'll be right back Are you having fun trading the markets? But having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tigers den trading room only at tfnn.com The tigers den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with the sharpest minds in the trading world Subscribers to the tigers den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market act in all trading day Subscribe to the tigers den risk-free with our 30-day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live financial content From 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor you were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o' brand and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs abc's butterflies and much more the art of timing the trade charts is designed to help you When scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now. We're offering licenses available at only $79 a month We are so confident that you're 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 think or swim for more information Just click the think or swim banner on the front page of tfnn.com Okay, we're back folks. We're talking with jeff huge of alpha insights. I hope jeff. How are you doing? I'm doing well larry. Thanks for having me on the show today Oh, it's always a pleasure jeff. Now. I have to Tell you that my chart uh my technical abilities with this stuff is a little limited So I've got the charts, but I don't I don't know if they're in the order So what I'd like to do is I'll tell you which chart I'm looking at and if you could discuss it The first one is that nasdaq s and p correlation chart that goes back A very very long time. I thought was quite interesting Oh, this is the one I sent you over the weekend. Yeah. Yeah, that those are the ones that I Yeah, so um, yeah, I I would just point out that the nasdaq made a new high But we've been experiencing a divergence and breadth over the course of the year In fact, those stocks in the nasdaq that are trading above their 200 a moving average Which by most people is considered to be a long-term trend has just picked down to about an 18 month or 20 month low Uh this most recent friday. I think we got down to around 37 percent Which is, you know, basically two-thirds of the stocks in the nasdaq were 2000 of the 3000 in the composite are actually trading below their long-term trend That's a concern. We also saw an expansion in new lows Last week as well just as the nasdaq was making new highs and you know, that's extremely unusual In fact, we posted the largest number of new lows for nasdaq stocks since the march March 2020 panic lows. So, you know, this is I guess Um concerning, right? Yep Now the next one I wanted to ask about and I really liked it Well, I like them all actually folks what I did was over the weekend I I got so when what jeff was just talking about was the fact that we were making so many new lows on the nasdaq And uh the elli we elli way people brought that to my attention and I look I said well my god every time that happened There's been a low so I was a little bit a little bit concerned about so I asked jeff to explain it to me And he certainly did and here is the 2021 cycle composite. You want to tell the folks what you're looking at here? My friend Yeah, you know, we followed the cycle composite pretty closely this year for a couple of reasons It's the first year of the decade and so what the cycle composite really is the Combination of the seasonal data The four-year presidential cycle the 10-year decennial cycle And so what they do is they aggregate those cycles going back to 1928 so you've got you know close to a century's worth of data here That you know effectively shows you how the market is traded in the past Then they put it into a composite line aggregating it together and that's the dark blue line that you'll see And so the market followed that pretty closely up through august Then it started to Diverge we got a little bit of a sell-off in september about almost six percent Um, you know the cycle composite was looking for something deeper based on the history of these these cycles, right? We didn't quite get there and then we broke out made these new highs, right? But going into the end of the year We've got this cluster of eyes and lows, right? It looks like there's going to be a very Highly volatile two-month period going into year-end and what's interesting to us is that Fame cycle composite animal or I should say fame cycle analyst palm of cremont gummary Who spent a lot of his time studying market history? studying investor psychology and and also studying astronomy showed how Various cycles of the moon and eclipses and and planetary angles, etc lined up with historic periods in market history And so he used that data to forecast Further trend changes and it's unusual to see so many cycle turn dates Emergence that's a short period of time from about october 20th through the end of the year And so we've marked them To the period in the cycle composite line that actually looks like it's closest and a couple of them are pretty precise Within a day or two And so we were actually looking for a low last friday And and we didn't get it in the s and p necessarily the s and p was a point away from its all-time high And it's actually broken out this morning The nav deck made a new high however the dowl had pulled back to a three-week low Down almost three percent and the russell 2000 made a three-week low down five percent And those look like they were in good proximity to cycle We also saw a 20 percent decline in bitcoin, which bottomed on friday as well And we think those are examples of markets that can probably cycle higher And the s and p looks like it's carrying forward as as is the nasdaq both of which have made new rise today So we think that probably made a low and we're looking at probably a rally into Uh the december fourth time frame, which is the next major cycle turn That a possible downturn into mid december Montgomery's got a cycle turn date on the 18th And then we expect a rally into year end to the next cycle turn date on january 2nd Now those last two fall on weekend days So it's plus or minus one trading day Well, that's good. You have to put a circle on december the fourth folks That's a very important date in the state of indiana. That's a national holiday in indiana or a state holiday It's larry bird's birthday Jeff let's let's take a look. I'm a big larry bird fan as you might guess We'll take a look here at the internals of the market. This was uh, Beautiful charts showing the fact that we've had a downsloping move and I guess this is exploded to the upside today, hasn't it? Well, you know the breadth has expanded a little bit today. This is the weekly charts We're really looking at a five-week moving average of advances less declines. So the net advancing Uh, uh number of issues, right? And what we're really concerned about is the fact that week after week after week month after month after month We can't make a new high and so that that breadth the virgins shows that you've got this narrowing participation in the market Over time and you know when when the infantry leaves the generals on the charge up the hill There's usually a retreat that follows. And so that's what We've also seen the momentum fail to make a new high as well Uh, it kicked up a little bit last week, but you know, we're still waiting to eclipse that that april may high In terms of a five-week rsi oscillator Uh momentum average and then volume has been terrible Net advancing volume has been flat for the last five weeks. It was actually Negative last week. In fact, uh, down volume was two and a half times Hucked volume last week. And so, you know, we look at these data and it's not impressive. Let's put it that way Let's take a quick look. Well, take a look. You don't have to be quick This is investor sentiment. And what are you looking at here? Jeff so There's two different put call ratios that we like to look at one is the index put call ratio that means that You know Traders would be buying more puts than calls the higher that line gets We're close to two to one. It's like 1.9 to one today And uh, that means that the traders are buying almost two puts every call they're buying on the s and p 500 However, if you look at the bottom frame These are um Put options on individual equities and it's an aggregation of all the issues in the s and p 500 And all the puts versus calls and we're down to just point four So, you know investors are buying less than One put for every two calls they're buying at this point And so the moral of the story here is that investor sentiment looks pretty mixed I mean, you've got investors who really love their stocks, right? But they're a little nervous about the market Jeff, can you stay with us? We'd like to have you on for another segment. We'll be right back with jeff huge alpha insides, folks Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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That's tfnn.com then hit watch tiger tv Okay, we're back folks was speaking with jeff huge alpha insights and jeff. I post your chart on the elliot wave uh system Do you want to tell the folks what you're looking at as far as your uh wave counting stuff? I know that still looks pretty bullish to you. So try to give us an explanation Yeah, I think that uh, we're in the midst of an advance that should take us up to around 4800 on the smp 500 We're getting awfully close less than a percent to go before we get there versus uh today's highs And what the elliot wave count tells us is that you know, we probably either just completed a fourth wave Of this final fifth wave move or we're in the process of of putting that in it could be what's known as a flat Uh, uh, correction, uh, which would mean that we would go down up then down again And so if that's the case, we'd be looking for about a 38.2 percent retracement Probably get us back to around 45 50 at the lowest Which is right where we broke out from and then another final move up to that 48 Or possibly higher target that we've been advocating Uh for the smp The problem is once we get there, we don't have many options in terms of where we think the market can go from there Could it leak out a little, you know a few higher gains? Yeah, maybe a couple percent But we think we're probably in that final run That we would call cycle wave five and it could terminate in the very near term possibly even before your end or there about And then we'd be looking for a pretty significant downturn in the market thereafter Well, the next one is the one that I really wanted to say for last and that is the one that relates to the relationship between the nasdaq and the spx And to me, I mean I'm looking at what happened in 2000 and where we are right now. My goodness This looks like two rocket ships And I imagine today is even going to be much higher because the nasdaq was so strong earlier We you know, we've had a six we've had a 600 point move in the nasdaq 300 up and 300 down That's a pretty big that's a pretty big swing today so far It is no doubt and you know, I think really the crux of that chart is simply that, you know, we've we've seen speculative excesses Start to reach the levels or even exceed the levels that we saw back in 2000 And uh, you know the vast majority of the stocks in the smp 500 are really lagging Yet there's the seven this handful of you know, the the so-called fang stocks That equate to about 27 percent of the market cap of the smp 500 And about 57 percent of the market cap of the nasdaq 100 and what's happening here at year end larry And this is my assessment is that professional portfolio manager are trying to save their performance going into year end And they're selling all of their Second-tier growth stocks and they're piling into these fang index heavyweights in order to kind of preserve their Their level of outperformance here today And that explains why you're seeing new lows Accelerate as the market goes higher because the indexes themselves are so heavily weighted to those big seven, right? And uh, the new lows are just simply the purge of second-tier stocks As money piles into those Um those heavyweights Wow, it's totally awesome. I I love watching your work. I mean, I'm of course, I love charts because I'm a technician But you do the best work of anybody I've seen in a long time my friend I tell you that and you I hope you take it with the The seriousness that I give it because I don't give out compliments Too much But you do a superb job in the way you line everything up and then you put a little flavor of the fundamentals in Which is good. So I I certainly want to thank you for being our guest and I want to wish you a happy Thanksgiving and Hopefully we'll have you on Uh, probably right after the first of december. We'll see where the dow is at 50 000 where we go from here That sounds terrific. Hey, thanks for having me on the show. It's always a pleasure larry and you have a great Thanksgiving yourself Hey and look just all I forth is not too far down the road. So you're going to be above zero pretty soon So just be be safe. Okay I joke I joke I joke with rich anderson about that every day. Thanks a lot jeff and a happy holidays to you Take care. Okay, folks I I want to spend just a second here to show you a chart that I think is very important I talked about it just a little while ago I want to get it up here and bring it up to you again It just to me. It's this important. So well, if it's important to me, it has to be important to you, right? Hello operator I don't think so But anyway, this is what I look at because I'm watching what the news is doing and all this stuff But it's related to that that chart we were looking at In the dow Jones and I want to get that right here. So bear with me one second And it won't take me very long. Well, I'm saying that With a tongue in cheek. Let's just do the four hour. I think that'll do it. Yep, there we go And here we are we'll move this up here just a tiny bit so we can see the whole thing And with a little luck, I think we're going to be able to do that It might not be the whole chart, but you'll be able to get a good idea Of what I'm looking at here. So let's uh, let's just give me a second now I got that ready to go now bear with me now what I have to Shut the front door and raise the rent There it is right here, but I've got to uh Got to change the screen resolution again to get it smaller. Otherwise. I'm uh, I'm in big trouble So give me a second here and uh, I wouldn't be doing this if I didn't think it was that important and to me it is So we'll see All right got that ready now. I think I'm ready to go. I think this is it Shut the front door and raise the rent and let's keep this party moving Let's get on here And I think we're ready to go and this might be it with a little bit of luck and I think it's uh It's a little bit of luck. Okay. This is the dow last 14 days four hour chart You'll see the a bcd and right there at the bottom there pretty close to the bottom on friday And then that that's what that was a beautiful a bcd pattern there That was also setting at a 61 retracement the rally today folks. We went up to the 382 That comes in at 35 900 And uh, that's that's all we've been able to do and you notice that's an a bcd also in that four hour chart Now this is almost the same as the rally that we had between the 12th and the 16th the difference It did it in just a few hours But the fact that it can't get any higher so far Well, believe me we've got three hours to four hours to go anything can happen But the fact that we're below that 382 is not a bullish sign boys and girls Uh, I that's that's how I look at that. I I hope the chart posted. Okay. That's my analysis of uh what i'm looking at so um Take it for what it's worth and if you pay two cents You pay twice as much as you should have we had a question also from uh Jeff in philadelphia over the weekend uh actually sunday night And he wanted to know if he would hold a position in the yen trade Being long the yen into a holiday weekend and the answer to that absolutely unless you've got a huge lead You don't want to do that the reason why the risk exposure is too great Especially over holiday weekend because sometimes these announcements comes out. Uh, well today with pal You never know when they're going to do these things But uh, that's why you don't want to do it You got to you got to focus on that risk part because you know, you can set here And take a couple of potshots at these market and still be okay because eventually You know, you're going to catch one of these patterns that lines up, you know, just absolutely spot on so Those are the few of the things that we're watching today along with a whole bunch of other things. So Let's remind ourselves. It's not how much of your money you make. It's how much money you don't lose That's the real key to this We've got a break coming up here in a few seconds and we get back I want to just review a couple things about the us dollar and the euro because uh, we're at real critical levels folks In this dollar index. There's no question about it. We have to pay attention eight seven seven nine two seven six six four eight Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help You make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel And become the investor you were born to be tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? 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That's been the high of the day The euro is trading at 112 57 Still nothing to be a buyer on but I think it's close now There's one thing you need to pay attention to folks write this down on a piece of paper 16,477 if we go below that and we're only 30 50 points away After moving 250 points lower in just a short period of time If we go below 16,477 in the NASDAQ That's an outside day with a hanging with a Shooting star pattern go look at the daily chart. I mean we're way way above the high way below the high now And if we take out that low that means everybody's bought it in the last two days is under water That's not a good sign that number in the In the s&p would be a lot lower that would come in at 47 86 But we're we're not only 30 points or 40 points away in the NASDAQ and when giving up 250 that fast anything could happen What I do on days like this. I'm watching for a 382 retracement. We haven't seen anything like that But neither here nor there that may or may not happen. I don't really know The one thing I do know folks is that you've got to be able to quantify how much you're going to risk on these Darn things that don't make any difference because you're going to be right half the time Wrong half the time you can still do well. And if you do your homework, you're going to be better than 50 percent That's for sure. We also want to give more accolades To mr. Z after that coffee move that he had folks 50 points straight up. That's just something you don't see very often We're almost below 16,500 now. Remember folks 16,477 I start to think you're going to be seeing some Really big corrections here in some of these things because the dream team Maybe that was it what they had. I don't really know All I can tell you is that we in it We're in a situation where a lot of things are going to happen and volatility is going to blow you out of the water Unless you're prepared if you bought the crude oil, you made about 1500 bucks right now you made about 2000 in the heating oil the gold picked up about five grand So we'll see you tomorrow on the flip side with dr. Al larson lorton colorado money tide