 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, I posted a chart here now you'll notice this is the Dow Jones industrial average okay now that one was making a 78% level and this also was sitting now look what's interesting about this chart folks this sets up an ABCD and look at the far right up there at the top where that little box the little red box is the high the day was supposed to be. 3, I forget the first numbers 3, 3, 6, 9, no 399 or 3, 9, 3, 9, 2, 4, 6, I think that's what it was the high was 3, 9, 2, 4, 4, something like that it was within a couple pennies. And we backed off about 150, they have some there but doesn't mean very much at all I guess today with all the news that's coming out. But let me walk through these charts because to me they're they're that important the reason why is that they give you an indication that these markets. They do follow the patterns that they're supposed to be following so we looked at the NASDAQ and then we looked at the Dow Jones and SDA and then let's now look at the S&P 500 because. The difference is if you'll notice here we'll get this get this one up and then we'll talk about it for just a second here. Get the screen to share why this thing is not an easy thing to do but we're good to done here. Okay now you'll notice here that the E-mini S&P took out this low right here from the 8th. Okay the NASDAQ when it took out this low here was taking out the low of the 24th of February folks. And look at you can see what the big rally that we've had here. I mean this has been a it's been a very very strong rally as you should. Would you have the premier of China come out and say things are going to stop going down. They're probably going to stop going down. Let's just take a look at at least people think they will and that's the main thing. All right let's move on here to the next one that I wanted to cover that's important. Okay now if you'll remember we talked about the the Hang Seng index. Let me get this up here so we make sure that we get this here we are. Well I've got so many charts today folks which Jeff Hughes is our guest today. We've really got a bundle of things to to look at and we want to watch it but this is the main thing to pay very very close attention to here. Let's get this up here so we can see it. This is what we're watching here now. Take a look at this one folks. This was the if we and we talked about this yesterday. Oh please don't do this to me please don't do this to me. Ah man alive. Okay it's disappeared on me again. All right here it's coming back now it's coming back. All right I think we're okay. Oh I should have my eight-year-old grandson here he could certainly help me with that. The screen. No no. All right sorry boys and girls give me a second here. I've got to I've got to redo this because it's just not coming up the way that I want it to. All right just give me a second here. Get this up here. I go to screen change windows. Now we're in business. Okay here we go. Okay here was a chart showing the I want you to look at the box up here you see this box. This is a monthly chart and you see this APCD pattern this right here. We talked about that yesterday. Okay now I want you know I'm going to go back and I'm going to do it the way we do it at ensign at ensign software so that you'll be able to see what this chart actually looks like up close. We did this yesterday but just to repeat I'm repeating it because so many people asked me you know why I was looking at all this stuff all at one time and basically what I was doing was I was trying to make a case for maybe there's going to be some type of a rally in here. We showed Alibaba you know going below 70 and of course you know what Joe Denapoli said he wanted to buy it at 69 he told us that five weeks ago and so there's your look at that perfect ABCD to the exact tick folks that's a monthly chart little below the 618 but the ABCD is right on the money and we've had a tiny bit of a rally here now let's just take a look at what that rally did we're going to bring it up here just to show you what a 20 percent rally looks like in a day because we don't see those hold on just a second here I've got to do this a little bit differently because I'm learning to do this the best way that I can which sometimes is not as easy okay here we go now here is what this rally looked like we went down to a little bit below right around that 18 level and we went up to 2020 now we've had a huge rally here that's mainly because you know it was up about two or three percent and then when the when the premiere came out and said Ji Jingping said you know I'm not going to let this market go down well they started to take it up I'm not going to remind you what happened in 1929 when I'm not going to tell you these people are because anyway let's just move on to well I'll tell you this well I don't want to waste any time because I got I got too much to go let me show you why this was important from a perspective of what we look at okay we know the market we know the market took off on all these things so let's just look at the first one here this is going to be the this is going to be the Dow Jones industrial average after we started trading in the morning after it started I want you to see what happened we had this low this was the low at 1 30 in the morning here was the opening right after the open we backed off to the 382 to the exact tick at 2,940 okay the 382 was 2,935 and there we kept going higher we're going to be right back and then we'll move on with Jeff so he's got some great charts today folks as always we'll be right back 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 the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors what's separating you from the most 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want to if you want a video of what i did with all these charts if you'll just email me at larrypecevento at gmail dot nope you want to you want to do it the other way larry at trading tutor dot com send it to larry at trading tutor dot com and i'll send you the video that i sent out last night outlining how all these things were lining up in my opinion of course and it has all the charts included with it so you'll be able to see that as it goes through but you'll notice here on the gold we had the big high up here the abcd we made a perfect abcd to the downside yesterday at 1908 we bought that at 1911 it rallied up to 1930 we put our stop at break even last night in the middle of the night and we got stopped out early this morning here at break even we were standing aside with the fed coming in here my assumption is that right after the fed comes out gold's going to have one heck of a rally but that's my opinion and that you know how much that can be worth so that's what we're watching now we looked at the same thing in some of these other markets and they were not acting nearly as bullish as they should be the second one of course was looking at the silver market and i think they're going to be okay eventually but i'm not sure that the fed is between a rock and a hard place folks i mean they they really are they're going to have to really figure out how to pull some rabbits out of that and they usually do so i'm not i'm not continuing i'm not worrying about the fed at all but anyway that's what the silver market looks like so we have to stand aside this is all about how much money you don't want to risk folks and i really think that's important and here here's one you want to talk about something really easy folks i talk about this every day but frankly i understand that most people you know they they don't really care what i do it's okay i understand but this is something that you really ought to pay attention to especially if you do any any interday trading at all look at crude oil over the last few days folks look at this 382 382 382 and this one here was 382 this morning before it started to break i mean if you don't start looking at that folks i mean it's free i mean i should have charged ten thousand dollars for this system i know people john carter and larry williams and those guys would charge ten grand for something like that but you've got it free the problem is you've got to be able to do it yourself and that's the main thing and look look at this one here folks this is after the top was made in the in the crude oil look what this is i when i do my next video you know my day trading thing sometime this year whenever it is maybe summer fall i'm not sure when but i'm going to show you the real intricacies of how to do that 382 there's a couple little tricks that were given to me by our friends over in switzerland and i think you're in which they told me to share which i will and i'm going to do that during the live trading thing that that we want to do now we have a really cool chart here from our friend jeff over in philadelphia he was he was pointing out let me get this up here it's it's related to the euro and i wanted to show you this because it's really interesting but this is remembered now folks this is a 15 minute chart but what it's doing it's showing how these patterns work because they work the same thing on the smaller time frame but there there's your pattern here you can see you have a beautiful head and shoulders pattern that's just set up perfectly it's not a 135 because there's no harmony between one three and five there's two short of a distance here if the distance were equal it would be a 135 but this is a head and shoulders head left shoulder higher than the right shoulder exactly at the 61 percent retracement set up beautifully okay now when that happened i'd sent this out when it was here okay and then when it got to here was a $250 profit i emailed out and i said look put your stop at break even you know don't mess around with it because you've made 200 points it's a and he could go a lot lower we don't know but you don't want to risk anymore once you've got a $200 profit the reason why it's a 15 minute chart if that was a daily i wouldn't even have bothered with it but because it was that i had you know on that shorter time frame i wanted to be able to show you and let me let me just give you a heads up of what happened here most of you that follow the euro would already know but that turned out to be a break even trade because the thing just exploded it went all the way up and matched the top that it had before so that's how active these markets are i mean they're really jumpy and this thing is it's all based on risk control if you're trading a 15 minute chart don't go jumping back and forth between the 30 minute an hour early in the daily stay on that 15 minute chart because that that's the one you put the trade on that's the one which you've got to manage your risk on you don't want to risk anything more than what you have to put up when you're doing these things because it's it's extremely important to to remind ourselves that as we're as we're looking at these things it really is i mean you just can't put enough emphasis on it as near as i can tell if you remember yesterday we were talking about a few of these stocks that were really interesting and one of them of course we've mentioned already this one's happens to be alibaba this was one of the reasons why getting ready to expect a rally in some of the things was not unbelievable because look we were setting right here at the 1.618 level we went below it by about three dollars and we rallied 18 percent in one day so that that's all that was i mean just giving you the the numbers of the of the that we were looking at there were a whole bunch of them if you remember we were looking for a potential three drive to a bottom i believe it was arc let's get that one up here so you folks can take a look at that one there's a whole i mean they're all doing the same thing i mean this is why that market was sold or sold and setting it an abcd on a monthly chart possibly and maybe this is going to be the thing that takes us to 40 000 frankly i don't think so but that's what we're looking at but there were a whole bunch of them in here that were interesting in fact one of them is was planted here we'll get this up here to also take a look at it and we'll get ready here to take a look hold on to get this screen up here and here's planted i don't want to go over all of them well it should go over most of them because these are the ones we talked about and you can see they're starting to act like uh look it's right there at the 127 right there right about 9.5 is trading at close to 11 i guess this morning and there was another one here coin base is another one that's looking looking pretty interesting here but these are these are just uh this stock charts folks and you know i don't trade stocks but these were this is what it was telling us what we should be looking for so i hope you get some information out of that it's a you know if you want a copy of those charts just you know send it to larry at trading tutor.com and i will send them out to you so that you can you know take a better look at the things that that we were watching here now regarding another questions popped up about the gold will i have a position here in the after the fed comes out today folks the only thing i will do is i will wait to see the fed come out with their announcement and let the market start trading and if i see a valid a b c d on a 15 minute chart where i can either high or low it doesn't make any difference to me i i will look to be a buyer or a seller at that at that a b c d on a 15 minute chart the answer for that is folks by then i know exactly where i stand all the news is out everybody's making their decision and i'm playing with all the other players in the business if i go in before the fed comes in boy i'm playing with a big unknown and i don't like to play with unknowns folks it's it's just just flat out not worth it you got to have some type of an edge i mean that's the that's me there's always risk involved even if you walk out the door everybody knows that you go to the racetrack there's a risk on what you have to do what you've got to do is think through what is the possibility of taking the smallest amount of risk with the greatest probability of success and we are going to know that in the next 25 30 minutes because jeff used from alpha insights is coming on we'll be right back with him stay tuned folks 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 tiger's den trading room only at tfnn.com the tiger's den is an exclusive trading room where successful traders from around the 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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 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 folks we've got a caller from michigan john are you on the line well evidently we lost john let's go on with i believe we have jeff huge on the line jeff are you there here larry how are you i'm ready to go buddy i got your chart up on the gdp growth you want to start with that one i've got a series i think i've about eight or nine that i looked at that i thought would really be indicative of what the folks might like here so you want to start with that one absolutely so you know larry the whole point here of looking at the real gdp growth is to determine whether or not we're headed for recession i think we're seeing a real slowdown in growth here uh 2021 was the best real gdp growth we saw since 1984 given a 5.7 percent in fact the fourth quarter was annualized at 7 yet the first quarter of 2022 looks like it's going to come in at less than one percent that is a massive collapse in gdp growth and that in and of itself is pause for concern okay now the next one that we want to take a look at is the one on commodity prices are rising i don't think that's a mystery to anyone but what are you looking at here uh well we're going to crb index as you know it's got a compilation of around 39% energy 41% ag 7% precious metals and 13% industrial metals and the breakout that we've seen above key resistance trend resistance and moving average resistance looks very durable especially based on the breakout in structural momentum at the bottom up panel of the chart that structural momentum suggests that this is going to be a durable rally we're above the 50 year mean at this point it looks to me like commodity prices have a long way to go before we top out that means increasing cost for the consumer consumer and the manufacturer doesn't it no doubt in fact that we've seen hot cpi and ppi numbers recently as well and uh you know much of that it can be tied back to energy and some to some extent based metals we saw a massive uh you know blow up in um nickel prices and they even shut down the LME which was unprecedented so that should also be kind of a you know a signal that things are just not normal right now uh we put out a note a couple weeks ago where we said we think oil will go to 147 we've been published at that number for about six months now and um we think if it breaks out above 147 crude oil can go to $300 a barrel uh hello operator earth to jeff did you just say $300 a barrel i'm not the only one saying it even vladimir putin was out saying that the other day but where i heard it first was charlie maxwell the storied energy analyst 50 year veteran energy analyst of weeden and co fame and uh he came out with that prediction back in 2008 he thought around the year 2020 we could see wti trade up to around $300 a barrel obviously his timing is a little bit off but i can make a pretty strong technical case that we can get there in the next 18 to 24 months well the way these things are in the world today you could be there in the next 18 minutes or 18 hours for heaven's sakes it's a little crazy for sure but $300 i think everybody will have a tesla or a equinox or prius or something if that goes on i'll get back to riding my tricycle wow $300 political risks are rising too as i can see you've got that chart up now and this is a chart put together by the fed and you know we're actually well above the level from the london bombings back in uh 2005 and approaching the iraq war and 9 11 we're just a quarter point away from that and so these geopolitical risks do not look like they're likely to subside i mean russia and the ukraine is one thing but you've got china and taiwan just looming in the backdrop here and all of that points to higher commodity prices you know it certainly does and you know the news that we get i mean it's it's really strange because what people see in the uk is not what we hear on our news here i mean they're looking at totally different things half the time and it's really amazing how the how the news media just really i don't know if they just manufacture the news or if they model it or whatever it is but boy it's certainly different than what they what they see over in europe and what's going on here it's it's really quite amazing i i'm always aware of some of it but now it's so bad that you can't even uh you can't even trust anything that's for sure you can trust price price is true i've always said that they can't lie to you they can cheat you do whatever they want but if prices are going up they can't hide that's for sure okay let's take a look here at the this is when this is where the feds going to have a little bit of a problem here because i don't know what they're going to do to they have to increase rates i guess to keep inflation under control well you know we're going to find out this afternoon at about one o'clock eastern time exactly what they're going to do but there's about a 95 probability we're going to see a 25 basis point like let's look at it this way the fed is no longer buying bonds okay they're raising rates they're taking the punchbowl away and um we need to be cognizant of that and it's showing up in the 10-year bond yield and your treasury yields have broken out they're trading one i'm sorry 217 right now anybody who's bought a t-bill recently and i you can count me among those that pull a lot of money out of equities and moved it into cash recently you know you can get 130 on a one-year t-bill right now and so you know i would be very very cautious uh because look if this breakout proves valid and it appears poised to me to go to three percent probably before your end you're going to have a massive compression in pe multiples uh across the board not just growth stocks but everything i think value will outperform growth but pe's are going down they're already going down and so i think they're going to go down a lot more uh if we look back to just friday the 10-year bond yield was two percent if it goes to three percent that's a 50 percent increase in long-term rates and everything is priced up to 10-year treasury yeah jeff i have to tell you a story 1981 when we had when uh you know reagan had just taken over as president and volcker was our esteemed leader in the federal reserve uh you know he started to decide that inflation had had enough and we were getting ready to uh you know treasury bonds were selling at a discount i think they were selling at 56 but i bought i bought uh 14 triple a muni bonds in california tax-free okay and the trouble is they had a two-year call on them called they were callable in two years but for two years boy was that a fat cat i mean my goodness it was just uh it was just it was actually stealing money because the rates started to go and my goodness it just really uh it was really a good thing but they only lasted for two years and then they were callable so it's not nearly where near where we were in 19 uh in those years you know that we had inflation at 13 percent and had been there for two years just before you were you around and then how old are you now jeff i don't even know how old you are you i am 57 oh 57 well you remember that a little bit then you know you remember the housewives uh doing they were actually boy cart boycotting beef you know at a dollar uh a dollar what a dollar a pound and uh my mom was one of them yeah i my my my my my sister was for sure okay let's uh let's get we've seen the t-bill on the t-bill right here and one other thing one other thing you know jeff with this massive rally that we've seen here uh someone's asked me the question that i'm not able to answer and that is does the chinese premiere have the ability to make the stock market go up why didn't he start making it go up when it dropped nine a year and a half ago he doesn't have the ability to do much in the u.s this is all a federal reserve uh action i think you know the short-term bear market rallies are always going to be very very exciting but they end quickly too okay what we're going to do is we'll be right back with you jeff okay are you in the market for buying or selling real estate in the bay area including the surrounding st petersburg tampa and clearwater markets tiger real estate llc is a firm that has extensive experience in the tampa bay area whether you're looking to sell your 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the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or 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 don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv okay folks we're back with jeff huge alpha insights and jeff i have a chart here on our situation with debt this always been interesting to me because i've felt over the last 10 or 11 years that they've been playing a different tune and what they should be doing and um i think we're getting ready to pay the popper on this because we just you know when you get interest rates at about two percent for a house i mean give me a break you know that's doesn't sound normal and any negative interest rates to me was the dumbest thing i ever heard my whole investment career that had to be the dumbest thing i've ever heard so tell us what you're looking at here on this debt thing jeff this is global debt denominator in u.s. dollars it's almost 300 trillion dollars an all-time record high and this is just as of uh the end of the third quarter so we don't even have fourth quarter numbers it's actually probably quite much quite a bit higher i would say well over 300 trillion and you know if interest rates go up by 50 percent from 2 percent to 3 percent this year that is going to result in the dramatic impairment of the value of that debt that debt is an asset on financial institution balance sheets and so you're going to have a massive balance sheet impairment at major financial institutions around the world we're already looking at russian debt looking to default here uh we may find out as early as tomorrow whether or not the russians can default if they can't borrow money from the chinese and the u.s. is urging the chinese not to loan that to them they will miss 117 million dollar interest payment for the first time in since 1998 so this is a big deal and could send some you know some ripples through the financial markets by way of city group and bar clays and some of the other major banks that are they have big exposures to russia wow this is really exciting stuff now the next chart is one of my favorites and that is uh market momentum i mean tell the folks what you're looking at here jeff well yeah so we're looking at the 36 months structural momentum of the s and p 500 looking all the way back to 1990 or so so you know it's a very long term chart over 30 years and that momentum has broken down after signaling in advance putting in a negative divergence which told us you know it's a heads up the market is going to change trend on us and it has and if you look at the vertical line that i have there that actually indicates the seventh year of a seven year cycle i've talked about it before it's known as the schmidt a year and um that year tends to be um you know a year of volatility and a year where markets tend to decline you can look at it in the rear view mirror and see that it's occurred in the seventh year you've seen a massive decline in both price and momentum and that momentum hasn't even turned negative yet so i think we're in the early innings i think momentum will go um significantly south of the zero mark and uh we will be looking at prices well below 3000 on the s and p 500 by the time uh that occurs wow that's very good now you've got another neat chart here on market breath collapsing uh that that's a very that's a scary chart in my opinion so it is in fact probably the scariest part about it is looking at the nasdaq advance the climb line the lower panel of that chart which actually took out the 2020 low so the pandemic crisis lows and uh that indicates that you know there this is not turning around anytime soon now keep in mind that these advance the climb lines are for the nasdaq composite which is over 3000 stocks and the nyse composite which is over 2000 stocks together they they aggregate almost 6000 publicly traded securities what we're seeing is the vast majority of those securities are in a downtrend here that uh advancing issues uh less declining issues are net negative and have been declining since november uh and we can date that back all the way to uh february for the nasdaq but with the big board it's since november so we are we are well below the 55 week moving average which is even below the 200 day moving average and uh frankly it looks like we're headed lower so um this does not give me a lot of confidence that we're going to turn this thing around anytime soon well when you hear people come out and say you know the market stops going down here i remember during during the big depression the uh hoover came out and said you know the the market stops going down today well it took two and a half years for that day to happen but he was right after two and a half years anyway no take a look take a look at this one here which is interesting about the uh the net positioning most of these people have not really done anything in other words they haven't been liquidating their stocks is that pretty much what this is saying yeah so this is uh this is futures traders net positioning for smp 500 futures traders and this is data that comes from the cftc every couple of weeks and what we're looking at is positioning right now among those professional traders is near a record net long and that is not at all consistent with past market bottoms in fact if you look back in history going back to at least 2009 um we've seen those market bottoms uh consistent with a massive capitulation by those futures traders so in in our mind we're still very much at the top here and there's just really been no capitulation despite the fact that the surveys suggest investor sentiment is very bearish what they say and what they do appear to be two completely different things well that's for sure listen i want to thank you for being on our show today and we're going to have you on again in a few weeks and keep up the great work my friend you do as good as work as anything i've seen on wall street and i've seen quite a bit over the years so folks if you're looking for someone to help guide your financial assets jeff has got a great track record and he's very conservative and i highly recommend him so and i get that from rich anderson too and between rich and i it's 110 years well no 105 years of experience so you've got a lot going on your side buddy so keep up the good work okay thank you larry i appreciate it okay we appreciate you being on for sure thank you so much you better we'll have you on again soon okay i want to go over just a couple other of these charts that we were looking at the other day folks uh the uh just get this one here so we hold on one second to get to where we are here this is the one that came up hold on just a second i've got to do this the right way hold on just a second here this was the one that came out from kimble charting and they were talking about the break on the uh hang saying now what we did is we looked at that a little differently yesterday and again today is the fact that that blue dot there that this one right here that was a completion of this i really like the fact that i can do this with the mouse that that's a good part of this program there's your a b c d that measures perfectly two folks who we pointed that out on the other chart that's on the monthly that's on that group of charts that i did earlier this morning okay and so that's who put that picture of me up there oh well anyway this was a this was a 61 percent retracement on the long term monthly so that's a positive thing now how much we rally from here and if we rally all i can tell you folks is when we go below that number turn out the lights because it's not going to be it's not going to be nice and i don't know whether that'll happen when that'll happen or if it'll happen but if it does you're looking at something uh you know in something pretty nice pretty nasty that's about the only way you can say it let's get back to the bitcoin i've had several people asked me about that because we've had bitcoin rally up to to 42 000 here uh with all this stuff that's going on uh let's get this up here and you'll see bitcoin right here you know i'm a technician folks when i look at this i see this double top that was here and we had these are equal stay tuned and we'll finish this up with bitcoin and then we'll let you go until tomorrow and tomorrow's guests will be none other than tim boss financial cycles weekly sharpening your skills as an investor is like getting better at playing a musical 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paying 1 per year or $1,000 per 100,000 invested the target first mortgage program pays 7 per year paid monthly on secured high value buildable properties in st petersburg florida the investment is for four years paying 7 per year or $7,000 per 100,000 invested your investment is secured by high value real estate in st petersburg florida your investment can be anywhere from 100,000 to 500,000 you want to make 1,000 per year on 100,000 invested or 7,000 per year on a secured tiger first mortgage the tiger first mortgage program may be just the program for you the tiger first mortgage program pays 7 per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 okay folks i hope you can see the mouse right here that i'm moving here you'll be able to see i'm looking at that potential 382 retracement we hit it once we might hit it again we got as high as 42,000 i heard last night but if we get below this level right in here if this is the area right around that 34,000 if we break below that that sets up an a b c d way down here at around 20,000 and uh john jameson tells me that's christmas day in cryptoville to buy bitcoin uh fractions of it or whatever you have to do but anyway if you'll be able to see that uh it's it's very very important uh if it does that because that's going to set up a really great buying opportunity i don't know much about cryptos but they probably are here to stay but we'll be able to see it going on uh i'm all over covering it at 20,000 well s and b i think the whole world would be too anyway we'll look at that folks i can't be long gold here because it broke below the uh the big number down there it didn't break it by much it only broke it by about eight or nine dollars but these numbers are so darn accurate that you just can't fade that and with the fed coming in here the risk is too great folks it's not about the money you make it's about the money you don't lose and just keep you know like the man says keep your fingers crossed and uh see what the feds are going to do today they're in between a rock and a hard place and no matter what we're going to get out of this i don't know how it's going to end up but i think we will get out of it someday uh maybe not in my lifetime but uh let's keep our cards and letters coming in and get some questions next tomorrow when we come in with tim boss i'll have some charts on foreign exchange tomorrow and also on some commodities that we've been following mainly wheat corn and beans they've rolled over a little bit which is a good for inflation so at least reducing inflation a little bit of course the meats have been dropping quite a bit they've held up a little bit but they've had a big correction there so there's not in coffees down a lot so not all commodities are up but the ones that are in the news of course you know tin and copper and some of the others are going crazy but that's the way it goes so live every day in an attitude of gratitude and may god bless and we'll see on the flip side tomorrow try to do something kind for your neighbors today folks because not everybody sets in the driver's seat like we do here tf and n so do what you can for your friends we'll see all tomorrow folks may god bless