 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 got Mr. Joey D. coming on here, hopefully in 10 minutes. But let's talk about wheat here. I posted the chart here. This is the one we got from Mike from over in Poland the other day, and we've been waiting for this bottom to form. Now we've rallied 20 cents off the first bottom and they can notice that we're coming down hard again. Our game plan, of course, is to buy them down around 5.92. So we've still got another 9 cents to go to the downside. So that'll be set up for Monday most probably, but we've had great activity here in the grains, just the opposite of what's been going on in the stocks. And so it's been quite exciting. Also the US dollar has gained strength again. It's hit the Euro hard again, but folks we've got numbers down there that are really gonna be important. So make sure if you get to trade what you see newsletter this week that you pay close attention to the numbers because they hit pretty nicely when they hit. So I think it's worthy of you watching it. So I think it's important. But what I'd like to do now is to just talk just a little bit. We've only got a few minutes before Joe comes on. I wanna post the nearby chart of the December wheat that we've been waiting to see. Oh dear, this may or may not post. So let's just try to see if we can. We might be able to do it by golly. I think we got a real chance. Please. It worked. Okay, here was the first bottom right here folks. Okay, we had the buy set in right there. Okay, now that we went a penny above the bottom. So we went all the way up. That was a 22 cent move. And we got out of it right in here. It came back down. We went up, made a 78% real retracement. Now folks, this is gonna be a really beauty because now you've got set up an A, B, C, D, coming down, okay? And guess what else you're gonna have there folks? Okay, Johnny, see if you can do really good with your math. Now that is called what? That's number one. And what does this one call, Johnny? That's right, number two. And put your placard up, what you think the next one would be. And yes, it's gonna be number three, just off the bottom of the chart down here. Right about 590 and change. So pay close attention folks. That's gonna be a three drive bottom. Remember this commodity 16 months ago was trading limit bid two days in a row at $13 a bushel. Now we're breaking below $6 a bushel and nobody even wants it except a few of us here at TFNN. So this is gonna be an if it works. And I, you know, we don't know for sure, but it's set up perfectly. You've got drive one set right here. Market comes down, bang. And that was nothing more than the A, B, C, D of that move. Okay, and now we're looking for drive one, drive two, drive three, which will be down there probably right about 590 would be my guess. That's about 10 cents. And we're coming down hard right now off of this 78% level today. That'll tell us we're probably going to be, you know, moving a little bit lower. Now remember this is an hourly chart. So this was made last night and we've been coming down ever since. So let's pay close attention. Those of you that got our early morning video that we sent out to sell the Dow Jones at the 61% retracement, which was 35,000 and 30,000 and 20. And the high was 35,000 and 30. That's up a couple hundred points. So make sure that you have your stop at least so you lock in about a $400 profit in case the market turns around and starts to rally. So that's something else that we need to be focused on here. Regarding the Euro and some of these others, I really haven't been able to post any charts. I might be able to with a little bit of luck here, hold on one second and we'll get a rough idea if we can just give me a second here. All right, let's just post the chart of the Dow E-mini because it hit exactly as we thought it would might. And that was a pretty good thing. Let's see if we can get this up here. Oh my gosh, something has changed. This darn thing is starting to work. Are you joking me? Be careful what you say. Okay, now this was before, long before the opening folks. We were down here when I sent this out before the report came out. I said, look to sell it here, stop above there. And it's had a big drop. This is, that's been 200 Dow points. And the measuring the A, B, C, D on these takes it down another 150 to 200 points. So if this would make the A, B, C, D either today or Monday, which we're expecting it to, that's a big move. Now, you can't make expectations because you don't know what's gonna happen next. But that's pretty much what we're looking at. Also, I missed the beauty. We were trying to sell the gold up there at the 1980 level. It got to 1979 and missed it by a dollar and it's broken 20 some bucks from that level and hasn't been able to even rally back to a three, eight, two today. So that one's been a tiny bit frustrating. But I'll tell you, these markets are really rocking and rolling folks. This is what pattern recognition is all about because these fellows that run these algorithmic places, they're all interested in mathematics and they know where that stuff comes from. And they have to because you can see them do it time after time. How things stop exactly like it did here in the Dow Jones at the 78% level at the NASDAQ at a little above the, tiny bit above the 127 and the S&P coming in about four points lower than they were expecting. But that's pretty much how it works. And you gotta watch what they're doing because they're a big factor in the market and it's certainly gonna make a difference long-term whether you're gonna be looking at that. Also, we've got crude oil, believe it or not folks, is approaching 30, what is it? Almost $36 a barrel, $40, $85, $65 in crude oil today. I wanna get this up here to take a quick look so you'll be able to see what I'm watching here because I've got a little tiny, a little tiny, what we call a mini trade coming up here. So hold on one second. And I've been longness for a bit. So I'm gonna reverse and go short. If in fact we get there, I got my stop on the long side, blocked up pretty good. So here's where we are. And we'll press this button and we'll see what we're looking at. This is just today's action. We got an ABCD up here down in here. What happened? And we had this little tiny pullback in here. There was your, look at this beautiful ABCD right there folks, it's just, look at that. ABCD coming in right at the 61% retracement. And now we're going up to complete this. That number is 8579, I believe, is what we're watching here in the crude oil. So we're gonna see if it's gonna be back here. We've got Joe on the line and he'll be right back after the break and we have him for the rest of the day. If you've got questions, he's got the answer. So we'll be back here really soon here with Mr. Joe DiNapoli, been my friend. I figured it out. He's been my friend since 19. What has it been? It was 1969. It was February of 1969. That's when they opened the Conti offices in West LA right there on little Santa Monica and Wilshire Boulevard. Yeah, Santa Monica and Wilshire Boulevard, that's not true. It was Santa Monica and Westwood Boulevard. And that's where we hung out. Hey, we'll be right back folks. Joe DiNapoli, stay tuned and we'll have some fun. May God bless. Steve Rhodes started his trading career as a student almost 20 years ago. And the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019. Finishing at number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn. And he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability and you'll receive access to seven of Steve's educational webinars, absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee. So you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN, educating investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN, educating investors. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years, with live programming hosted by a variety of professional traders during market hours, and now they are expanding their reach with the Tiger's Den, available to all tigers and tygruses for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts. While they analyze charts during their live Tiger TV programs, and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tygruses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, folks, with a little luck, I think we have Joe Denapoli in the house. Joseph, are you there? Well, I think we need a little bit more than a little luck here to get through these technical difficulties, but if you can hear me and if you can see the screen, we're good. I think we're in good shape. I'll have to ask the folks there at TFNN and they'll tell me if everything's running smoothly, which I certainly hope that it is. Joe, I figured it out. We met in February of 1969, it's when we first met, because that's when I- Well, that was a good year. I wish we would be getting together again in Bangkok and Soy 39 at that opera restaurant. That was a good- Oh, you know, it's closed now, Joe. It's out of business. I thought it was just closed temporarily due to the traffic situation and all that. No, I got a friend there, that a student used to live in Hong Kong and he lives there and he is telling me that it's not open anymore. There's another totally different business there and everything, so I just, I don't know if that's true or not, but without doubt, Joe, it's the best place outside of Italy that I've had Italian food. We used to go there every time we met there and God, it was fabulous. Hey, let's get to the market. These folks have been waiting to hear from me for a couple of months now, so tell us what you have for us today. Yeah, well, first a quick shout out. A number of listeners did come down here to Sarasota for private seminars and we're happy to have them. We had a great time and I'm sure they're still listening, so a shout out to all those guys and I hope they're doing well and I hope all that's just fine. It's actually been over a year since well over a year since I've been on the program and a lot's happened. And given time, I can kind of get through the past and then go on to the future. I had a bunch of fills and a bunch of market trades. I don't know if we're gonna get to them because the time was cut short, but we can always get to them and the subsequent get together. Back in September, 2021, I was on the show and at that time I was in 70% cash and that was right about the top of the market. I was in cash T-bills and the only change in the cash position is I'm in higher cash position today. So I'm not particularly positive equities then and now we have extraordinary liquidity risk, overvaluation risk, political risk, inflation, debt risk, risk of violence, the war's going on. We're in three bubbles. Two of those have burst, one of those have burst and that's bonds and we have real estate and equities. But this liquidity risk thing, Larry, we can make work for ourselves because there's these air gaps and between the levels that you and I both look at and what's amazing about this is that you can put orders in, I put my orders in overnight. So if you look at the bid and the ask on overnight session on the stocks I trade, I'm usually the one that's there. I have no hesitation to put those orders in. I get absolutely great fills. I am not afraid of it with proper sizing. All that is taken care of. So the liquidity risk, I should say the illiquidity risk is actually something that can work for us. In China, just got back from China as a matter of fact but in China the word for chaos and opportunity are very close and if you've got the right tools and you've got the right software you can actually turn chaos into opportunity and I do that daily. We're not gonna go through it. We don't have the time but most of the listeners are already familiar with ABC expansions and on a down expansion it turns into support level, COP, OP, XOP on an up expansion, resistance level, COP, OP, XOP. These things are absolutely golden and they're not hard to calculate. You do need to know how to draw your ABCs and you do need to use the right Fibonacci ratios not all Fibonacci ratios work and I'll be showing you some examples of this stuff today given time. Additionally, we can have retracements and we can have confluence levels and these confluence levels are deadly for trading and they let you know ahead of time where you wanna put a buyer or a sell order in. Now typically what I do is I have a bunch of orders in and I leave them in over the overnight session and these orders sit there and when these air gaps are hit, I'm apt to get a fill. So it's a really neat way to trade. It's my way of thinking a safe way to trade. Now on the next chart, I wanna show you my newest latest indicator Larry so I'm gonna have to get your comment on this. Can you see that? Was that a yes, Larry? My audience- Yes, it was a yes and that's disappeared. Just a minute I'll have out, show me how to get it back. I saw it for just a second. Please keep going though, we're good. All right, well anyway, for those of you that can't see that, I'm showing the rear end of a baboon and what I was gonna ask Larry had, he was able to see it was what is the connection between the rear end of a baboon and the current market low and market low that was had in October of 2022. And the answer to that is that both are unmistakable. In my 55 years of trading, I have never seen a more obvious low than the low that was apparent in October of 22. Now we're looking at a quarterly chart of the NASDAQ and you can see the red and the purple numbers, which came in at a confluence level and that confluence level held exactly. It was the only confluence level we had. We came right down to it. Those numbers were calculated at the high. At the high, four quarters later, we could get the low of the October 22 market. Now, if you go from a quarterly level and you go up to a yearly level, you can see the exact same picture with a perfect confluence level, right at that 105, 106 level on the NASDAQ. This was the absolute easiest low that I think I've ever seen in all my trading career. And I'll give you more reasons why it was so obvious. It wasn't just this NASDAQ chart. If we go to the daily, that's the exact same confluence level there. That confluence level on the daily just shows you a little bit broader picture. Now, if you look at the monthly S&P futures, we had the bottom, the exact bottom of this, the exact bottom came into an XOP expansion. And it was absolutely unmistakable just like that baboon's rear end. If you go to a weekly, that shows the XOP on the S&P futures coming in at exactly the low. What is not shown is that the Dow had the exact same picture. And if anyone doubts that we were talking about this on and on, on our forums, you can go on our forums today and you can see all the conversations that we were having about this market low. This thing was dead obvious. Now, when we hit this kind of a market low, when we get to that kind of a low, what I do is I look through that whole list of buy orders that I have and I see if I'm close to any of those buy points. If I am and I am not filled, I will cancel, replace at market. And I will put, usually the size I trade, I have to play games with the market makers and the algos in order to get a fill. But that's what it looks like. I mean, you just buy tons of stuff down there at these levels. I don't wait for the fill. I don't wait for another three cents. What I'm doing is I'm going to get a fill. We gotta pay a few bills here. We'll be back in two minutes. We're jokin' Apple, good stuff. I can wait. Joe, stay with us. The gold report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The gold report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. 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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 4.00 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. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. We're back with Joe DiNappoli. Please continue, young man. You know, it's nice to be back on Larry. So it's just a lot of fun. It's a real treat, Joe. So please, as long as we don't talk about things other than we can't talk about, let's just do it this way. OK, let me reiterate what I said because we're going fast here. We lost about 10 or 15 minutes. So just let me reiterate. The way I trade is I will have a lot of open orders in the market at deep support levels and I will allow these orders to be filled when the market comes to me. Limit orders rarely go to the market. OK, now, when I get to a big, obvious, super, simple, huge, yearly, quarterly, or monthly number, I mean, these things are so obvious. They're staring me in the face. If I am, of course, I can go into futures. That's not what I'm talking about. I'm talking about these stock trades. So what I do is I will look at this whole list. Usually, I have 30 or 40 open orders in the market. I'll go through them and if I'm close, I will cancel, replace, at market or I'll play games with a market maker so I can get a fill. That's the whole point. I'm doing it at a very, very safe level. The chances that I'm not going to get a bounce, a significant bounce from that kind of a level is almost zero. So I mean, it's an easy trade. OK, now, what I'm going to show you next is a Morgan Stanley trade I did back in 2008. I made 300% in this trade in less than a day. What I'm going to tell you is that this is not the way I think you should trade or try to trade to make money. I'm going to show you what I think you should do. But on this particular trade, I want to show you how this stuff works when you have open orders in the market, when you have illiquidity like we had in 2008. All right, take a look at this chart. You're going to see an XOP on Morgan Stanley down at 1240. I was in Bangkok. Bangkok nightlife is great. I usually go out on a Thursday night. This is probably a Thursday night. It was September 18th, 2008. So I put an open order in the market and I got filled at 1326. You can see the fill. I got home that night, I took a look at the market. I was half in the bag and I went, wow, okay, I got a fill. I got to put in an objective because whenever I get a fill, I put in an objective. 0.618 was between 3326 and 3625. I put an order in to sell. The very next, well, it wasn't even the next day. I cleared the order, I cleared this trade at 3483. That's 300% and it happened in less than a day. Actually, there's the fills to show you. Now, some of you might think that that's a great trade. It's okay, but that's really not what I'm going for. And I don't think that's what you should go for because over a period of 10 years, let's say you make a million dollars five times. Well, it's a whole lot better to make $50,000 a thousand times or $50,000 200 times. And what I'm getting at is that base hits are better than trying to get after a 300% gain even though it is doable. Here's an example of meta. We have meta before the earnings, recent earnings, and we have a COP at 206.18. I put an open order in the market. I got fill, there's the fill, at 206.53 and it was bought in the overnight session and you can see from the chart, it was a very pleasant ride up. Now, I don't remember where I took my profit but I took it somewhere along the line. Next trade, run. Run has something to do with all this clean energy stuff, whatever they do. I don't care what they do but I know it's a stock that's touted. We have an XOP down here at 1738 and that's where I wanted to buy it. I had an open order in there for, I don't know how long? A month, two months, three months, I don't know but I had an open order in there. We come down to 1738, there's the fill. I was filled at 1735 and 1722. Now I'm along the market, what do I do? I put an exit order in at the XOP at just below 2160, market didn't get there. We only got up to 2107. So on the pullback, I could form an additional ABC that additional ABC gave me a COP expansion at 2059. 2059, take a look at the fill, I sold it 2045. Listen, the point is that I do this day in and day out, I do hundreds of trades like this and it is very simple and it is very obvious. Now I'm not doing it because of the excessive risk we currently have in the markets with 100% of my money. Currently I have 80% in T-bills and 20% in the rest because I'm very concerned that we may have a huge drawdown at some point and it could be overnight with some bad news. So I'm very, very cautious but with the remaining 20%, I'm happy to trade like this and happy to make money. What I like are a whole bunch of base hits. It makes me happy, gotta pay a lot in taxes but you know Uncle Sam does it, right, they need it. Hey Joe, we got a question, one of our listeners, do you follow, the question is, he believes that these algorithmic traders go searching for your orders and I can tell him with 1000%, they don't give a hoot about you and they're not looking at your stops or anything like that but you don't, do you follow anything that what these algorithmic traders do because they work off these numbers that we work off of? Any comment on that? Yeah, I taught some of these algorithmic programmers back in the early 2000s. I mean, they were in my trading room and some of those programs that are written are based on what I taught them. I agree with you, they don't give a, I don't wanna be crude here, they don't care where their orders are. What they're doing is they're sensing order flow. They don't even care about our numbers. They don't have to pre-calculate our numbers because what they do is they get in there and they see where the orders are and when the orders start getting ticked off, they move away really fast. We could spend the next half hour talking about how to overcome and how to trick them but there's lots of little tricks you can do based on order flow where you can actually get a fill but they will sense an order, especially a large order if it's in the market and they will prevent you from getting that fill. I can't tell you the number of times you all have thousands and thousands of shares in the market and these guys will come down and they'll give me 18 shares and then they'll move away. Now what I have to do is play games and some of the games you have to do is you have to cancel your order, then you have to put in the smaller order, then you gotta go a little bit above them and a little bit up below them but it is doable. The beauty is that if the market is totally liquid and they're scared, if their testicles are up around their nipples then what you can do is your orders, your orders are gonna get filled and I have done that recently with EDV which I trade a lot and that's some kind of a mutual fund and long-term bonds, speculative but good. This chart we're looking at here now is basically an oil ETN and when we came down very close to this 2497 level I wanted to buy because we're at an XOP. I mean this isn't rocket science. If you know how to do these numbers and you got good software that's clear. I mean this isn't rocket science, 2497 is support. Look at my fill, my fill is a 2516 and you can see I bought more than 100 shares of this stuff. Now where did I get out? I have no idea where I got out. Let's see. Oh what this is is oil futures and notice that we did a little wash and rinse of that number and that gave me even more confidence that I was the right way. This is the oil futures. Now, where was my exit? I decided to take an exit at 2830 which was the OP on the move up and I did take that exit and you can see that my number was 2822. So I mean this is... Got to pay a few more bills. Hey Joe, can you be on next week to finish up because I know you didn't have enough time. Maybe on Wednesday or Thursday you can come back? Yeah, I mean I'm happy to come back. We can have a date. Okay, we'll do that later. I'll call you about it later. It's like a technical policy. 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? Like any endeavor in life before you decide it's impossible get some advice from the experts. You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices, selective stocks and commodities. Subscribe to the opening call newsletter at TFNN.com. 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Joe, this ETN that you're looking at, do you trade a lot of those ETNs? Is that primarily what you do or do you just do some basic stocks? No, I mean, I trade whatever moves, you know, ETNs, ETFs. I trade the actual stocks, trade a lot of futures, trade a lot of futures, but you know, the stocks are inherently safer because it forces people to use less margin unless of course they're into options. But yeah, I mean, I trade the whole thing and this thing works the same way, but I'm showing you a little bit longer-term trades here, daily trades, which I may be in for two or three days or a week or two weeks. And it's just, it's a relatively safe way to trade. I mean, you know, trading is not safe, but this approach, I think, is just really good. Okay, please continue. Okay, were you saying something, my audio is terrible here as far as hearing you, but I think you were talking about me coming back at some point, is that right? Yeah, next week, you want to pick it later on, I'll give you a call. Look, you, me and Tommy, we go back, Christ, half a century, so I'm good at coming on. Okay, good, we'll call you and get it set up, so don't worry about it. All right, so let's continue. I trade this stock, STNE stone, I'm not gonna bother telling you what it does, it doesn't matter, but anyway, to show you how this stuff works, we have resistance, XOP at 1490, we have what we call an agreement area because the XOP and the .618 retracement at 1475, they're very close. Now, what's interesting here is that the high of the day, which is clearly shown in this chart, is 1460. 1460 is the high of the day, just keep that in mind. What's my field, 1453, seven pennies off the high, that's with the algos, that's with the algos screwing with me, I can overcome those algos. All right, let's look at the next thing, this is that EDV I was talking about, Long Term Treasury ETF, I love this thing. To date, I have never had a losing trade in this, I am knocking on wood because that could happen any time, but this is an absolutely wonderful thing to trade. Now let's take a look here, we have an XOP at 87.83, and it's not clear, but we had a revisit retracement up there at 88.06, but anyway, the XOP is 87.83, we were getting close, the high of the day was 87.65, that was the high of the day, all right? Where's my fill, 87.64, one penny off the high of the day. This is what happens when you have liquidity, illiquidity working for you, you're the only guy standing and you know where these numbers are and you know how to calculate them and you got good software, you know where these numbers are. These other guys, like I said earlier, they got their testicles up around their nipples and they're afraid to trade this thing. You don't have to be, trade them small, you don't have to make it all in one bunch, small, keep your equity in control. Remember, I'm only trading with 20 to 30% of my equity, but that's because of the extraordinary risk that we're going through today. All right, some more stuff. After I got that fill, you can see how EDV moved along. Okay, what's next? A uranium, all right, so I like trading uranium, right? We had an XOP up there at 2190 and where's my fill? I got a fill at 2173. There was probably some algos in there trying to push this thing around. I saw that, so I got out a little bit below the 2190 mark. There's my fill there and JetBlue Airlines. I'm not showing the subsequent reaction, but JetBlue came, now it's at five something, 590, I believe. I got out of this one at around 785, yeah, got out of this one at 785. This is doable. I mean, this isn't magic, it's doable. There's stone, there's another, I trade this thing all the time. This time I was doing a short sale. The high was at 1483 and where the hell did I get the fill? I got the fill here at 1478. So over and over and over again, I'm showing you the same thing. If you wanna trade futures, here's a futures chart. I'm not gonna show you fills in this, I'm just gonna show you the way you would trade it. We have a .618 and a .382 retracement level. You would sell at the .382. We have an ABC COP resistance level at 3716. So what you would do is put your stop loss above the 3716, put yourself at the resistance level and take a ride down to the expansion that would occur from the high at 3721 to the below at 37, oh, this is not shown by the way, to the subsequent high, you would then have an expansion down COP, OP, XOP to take your profit. The idea behind this stuff is that you have quality, clarity and ease of use and you really need that. I mean, if I don't have quality, clarity, ease of use, I'll go fix one of my classic cards and I'm not gonna screw with this stuff. There's too much chance that you can make an error. If you have poor software, you know, obviously. All right, now, this is really an important trade because it's a really important couple of charts here. I hope we have time. This pattern is called a bread and butter pattern. It was developed all the way back in 1985. It's in chapter six of my book, Trading with Denapoli Levels and it is still working today. So let me show you how this thing worked. What you have is thrust and it's contained by the three-day displaced moving average. It's a three-day moving average of the clothes displaced forward three days. When you have this pattern and it breaks below the three by three for two to three days, then that is your signal for entry and you would enter this thing the way you would any of the other trades that I've talked about. You do your fib calculations, your retracement, et cetera. Normally these things bottom within, they bottom within two to three days after breaking of the three by three and then they have an expansion up to the 0.618 of the down move. Now, let me get this clear by showing you a specific example. The profit objective, this is the NASDAQ futures on the quarterly and there's the low that we talked about earlier. That was as easy to detect as the baboons were around. All right, now when we formed that low, we had three days under that displaced moving average, one, two, three, right down to a support level. Then we pushed up and we exceeded the objective of 1436, that was our objective. Now, you don't sell this objective, what you do is you take profits from the low. Now what we're looking for is we're looking for a pullback to that 1436 level. This is an extremely important level on the NASDAQ. You must stay above that level if this market's gonna maintain its bullish stance and I don't think it's going to, but this is what you wanna watch for. Now, the S&P has a similar level, the 0.618 from the down move. Again, this is the bed and butter trade. 1985, it was developed, it's working today. I don't know how many years later, but a lot. It is working perfectly and if you go on our forums, you will see us talking about this over and over and over again. The objective in the S&P was 4309 and this is where I took my profits from the lows. Got out of, not all my longs, but I got out of a lot of my longs. Took my profits there, now we're above that level. I am more short than I am long now and I expect a pullback to that revisit level. When we get to that revisit level, I'm gonna have a problem. Am I gonna take the profit on my shorts or am I gonna look for a much longer trade? I have not yet decided what I'm gonna do. What's the situation? We've got Russia, China, political problems. We don't wanna talk about those. Come back, we've got two minutes and then we're gonna have you on next week. We gotta finish up. I really enjoy this. We'll have you on regularly every two weeks, okay? Just sounds great. Okay, we'll be right back, folks. Joe Denapoli. 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Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Back with Joe Denapoli of Denapoli Levels. And Joe, we've got about two minutes here, so why don't we take that time to let the folks, if they wanna reach you, what's the best way to do that? And then how about having you on next Thursday starting at 1.10 p.m.? Yeah, Thursday will be good. They're gonna stuff me full of narcotics for some medical test on Wednesday, so I should be awake by Thursday. Okay, no problem, we're gonna do that. And tell the folks how they could reach you if they do have an interest. Yeah, and also if we have time, I'd like to give a little promotional thing here for the listeners and starters. Sure, go ahead and do that first, yes, please. fibtrader.com, F-I-B-T-R-A-D-E-R.com is how you can get ahold of me. What I'd like to do is offer anybody that's listening, $99 for the book, Trading with Denapoli Levels, it's printed in 12 languages around the world. We'll ship it free in the United States. So along with that, you get 60 days, you get 60 days free on our client forums. To get the special offer, you need to do this by Monday, September 4th, and you go to the miscellaneous section of our order page, type in Tommy, $99. Now along with the book and access to our forums, you will also get, if you want it, a 60 day or a 30 day trial for our financial forecast newsletter. It's done by a guy named Peter Van Weck and this guy is sensational. He's a Denapoli expert and you can't, you can't do any better than this guy. You have 60 days to sign up for it so you can read the book, understand what's going on and then you can sign up for this newsletter. So this is a hell of a deal for $99. And you should take advantage of it because this is a good way to learn this stuff and learn it right. Next Thursday sounds wonderful, Larry. Okay, we're gonna do that, my friend. So stay safe, live every day in an attitude of gratitude. We're gonna see you at 110 on Thursday. That'll be Thursday the 7th. All right, wonderful. Glad to share with the listeners and I hope that this presentation is somebody some good out there. Give me good, we didn't get banned this time. That's good. I love you, buddy. Take it easy, okay?