 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. All now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, folks, looking good, feeling good, Lewis. Let's take a look here at the Treasury bonds here over the last six or seven days. We made this big high. We'll look at that in just a second here on the weekly chart. But here's our 382 coming back. This is our first 382 correction. We had one right here that led to the ABCD and now we've got the big one coming in right now. This is going to be the largest rally that we've had over the last few days because we've been going down since the 28th. That was a day the market made the high. Now, remember, we were looking for the market to repeat there and now it's going to repeat more because it's going to make that 382. So you want to be a seller right here at 123.31. You got to put your stop up here at 124.31. But this is a legitimate trade. Remember, looking at this on the weekly, this is where we stand, folks. I mean, there was the 135 pattern way back here. We pushed that on there so many times. We've shown that so many times. I don't want to do it because it's waste too much trouble. But there's a possibility that we could reach this level right here. Now, we've made the first level right here. It's taken eight weeks to take a look at this. You'll see that's where we are right there. And that's right at the 61% retracement, just like this one was. So it's done everything it's supposed to be doing. Look how accurate these cycles were, folks, on the weekly chart. There was your move right there and you move it over. And there was your move right there. I mean, that you can't ask for anything. But this one took a lot longer. But this led to the bigger bottom right there at 07. And now here's where we are now. So you want to sell that 382. You don't know whether it's going to work or not. But you know what, boys and girls, the good part about this is, nobody else does either. You don't need to know that. You need to know one thing. Remember from City Slickers, Curly said no one thing. And that one thing is, how much do I have to see or to risk to see if I'm going to be right? And that's all you have to know. Because if you can control your risk, you control your emotion. And the rest of that is in the bar per shop ready to see the new hairstyles that are coming up. I've got a little messed up on my way. I'm going to repeat that kind of stuff. I was thinking of Eddie Murphy for just a second. Let's take a quick look here at some of the things that are really important to what happened last night that we alerted you to in the videos that we sent out. Here is Crude Oil, folks. Now you can see this move in Crude Oil. It's been going on now for $3,000 straight up. But look at this last night. This is when we send the, remember we were short this and we went right down here to this level right here, right below 70. There was our retracement. Look what's happened. But look how it did it, folks. Just by watching this move this over so we can get it, get this out. You know what? Let me do it with an eight minute because then we can see it a lot clear. Here was the first 382 retracement right here. What we said was watch for a 382 retracement. And here is where it started. There's your low. There's your high. There was your 382 retracement. What did it do again? We had another one. So all you want to do is you go from your low to your high. Perfect 382 by the bing, by the boom. Where does it go to boys and girls? Johnny, raise your hand out there, buddy. Put that silver plaque out there. AB equals CD right up there at 172.60. It's trading at 172.75. Now what we need to do is to check to see if this low right here is going to be a 382 for this low right here. So let's just double check it from your low up to your high. And we miss it by a little bit. But let's see how close it was to the last correction. Get that out of the way. There was the last correction right here. We want to move that over and you'll see it matched it nearly perfectly. See how the market's repeating itself? That's all it ever does, folks. If you can find that repetition, you've got some good things on your side. So let's keep watching that. Now we've got one that looked like it was going to be a beauty, but it wasn't. Let's take a look at this gold. As you know, we've been short gold for the last few days. And you can see we've had this huge break here. What we did today looking at this longer term picture at the four hour, we had a really nice 382 pattern right here and we shorted it right here. So we had a really nice profit in that. We took the profit off, went long and quickly gave $10 back. And it's a good thing because it's dropped another 10. We have broken through this very, very badly. But look what's happened today, folks. This was a real exciting move. Just get this up here to take a look at it. Look at this rally. We come all the way down to this level here. And then we rally $17. And we all know what that is. That's one half of the harmonic number. Comes within 50 cents of the exact 382 off of this number right there. There it is. 50%. That tells us we're going lower. And how much lower? All we have to do is to just measure that ABCD from your high right here down to your low. You go right up to the 382. You can see it right there. Or is it say 386? That's close enough to 382 for me. And then we're coming down and we're going to be going down, down, down. We're going to be close to another $40 lower, folks. At 2008, that's $37 from where we are right now. So the game plan, if you're not in this and we are basically flat right now, is to try to find a nice little 382 rally off of this one right here. So the next few hours, remember this is four hours it's gone through here. Excuse me. Let's see the 382 off of that high. We'll take you into this level right here. And that will be right up here at 2045. And the chart on the wall is telling me, guess what, that the Treasury bonds have just instigated a cell signal. Let's get this out of the way so we can see everything. It'll be tile vertical and get everything out of the way so we can see it quickly. And it just hit it at 31. I just happened to see it because the order popped up. There it is right there. It just made it 2331. 31, your stop goes above here. And remember Paola speaking today, but everybody knows he's going to do something crazy, but crazy is what they're made of over there at the Federal Reserve. All right, we got another one that looks interesting here. That was the Federal Reserve. February hogs. Okay, let's move on here. This is the daily here in the hogs. Get it up so we can see this. You can see the ABCD pattern here. There's 4513. That was the buy signal. We made a slightly lower load today by just a little bit. It's only got about $150 profit in it, but that's a perfect ABCD folks. It's just a beautiful number. Nothing else you can do about it. 4534 came within a heartbeat of the exact number. So you put your stop 100 points or 400 bucks, which is the price of one hog, one cent hog of lean hogs. They stop and be right below there. So anyway, that's what we're watching here in the Feb hogs at this time. Now, one of the questions that someone keeps asking me is the top in the stock market in folks, I have, so like I say every day, I can give you an unqualified, I don't really care because I really don't care. All I know is it's a possibility of it. Remember, this is what we've done so far today in the last two days. I'm just going to cover that when we come back. So stay with us. Got to pay a few bills here at TFNN, 877-97-6648. 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Toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, folks, we're going to look at this year's action so far since we only got two days. Here's what we had. We had the first ABCD form here at 67, excuse me, 4780. We went down to as low as 4775, and then we rallied almost making a 3A2, but we didn't quite do that. This is very important from my perspective because I believe in these ratios so much, but there was the ABCD, and then we had the rally here. Now, the rally should have gone to the 3A2 of this number right there. You can see it missed it by one point. Okay, so you have to consider that a miss, but within one point, I guess it's close enough, but if we measure it from the last high, you'll start to see the ABCD. There's ABCD to the downside, and since we had a nice 3A2 ratio, that measured down to here, and look what today's low is right there, right on the bottom. So what are we looking at now? We're a market that just had a two-day correction in the stock market. We did not take the lows out before Christmas. Okay. When we get below this low, if we do, which is 4745, that's going to signal to me that everybody that's bought this over the last two weeks with all this hullabaloo of everything's wonderful and Camelot is back, they have a loss, and that's going to be interesting how they handle that. Now, that hasn't happened as yet, but if we go below 4745, that's going to be interesting. Let's just look at it on the daily just to show you what it might look like. There it is right there. You see that? That means that everybody that bought it here, okay, once they get below this level right here, that's a bad sign. Look what happened when that happened, okay? Look what happened when that happened, okay? Look what happened when that happened. So when those things break, see, this time it didn't break. It didn't break here and it didn't break here, but now if we get below this level right here, that's what we're looking at. So getting back to this, we just go back to the high and we're just going to redo. The 382 is all we're going to do. We're going to go back and take the high. There it is at 42, 4842. The low today is 4845. That's 100 handles. There's your number right there, boys and girls. Let's just mark it in. 4782. That's where you want to be a look to be a seller. Now, how do I feel about something like that? Really, really positive because if the trend is down and it's down very rapidly, like we're seeing here, it has a chance it's going to go a lot lower. Perfect example right here. Here the trend is still up. Then we have a good break and then we have a little bit of a rally. Check to see what that rally was. From the high down to your low. Yes, Johnny, everybody sees your hand waving in the background. Hang in. There it is right there. 382 there. 382 right here. That's what you want to be watching. At least that's what I'm looking at. Now, we've had a small ABCD pattern here. Not much to even count, much like this one was, but this is what I want to be watching. So that's what we're paying attention to. It was easy to see this, you know, this low forecast because that was nothing more of a combination of all these ABCDs to the downside. So that's what we're paying attention to right now. Okay, let's move on here to see what's going on. Now, the bonds are a huge profit of one point. So it's better than a loss. Let's put it that way. Actually, two points now. We just came down a little bit. I've covered the crude oil. That's very important. We've got Jeff huge coming up always has great stuff. Let's move over to natural gas. We just missed a beauty today. Let's get it up here and we'll show you where we are. You'll see we've been waiting to get to the 72 level. If you remember 72 is the 3 a 2 on this long term. Let's just do it. This is an hourly if we go to the daily and bring it up. You'll see there's your number at 72 272. You notice that we have a very nice ABCD forming today. We haven't hit our objective yet. It missed it by a dollar. But for us that's like hand grenades and grenades because you got to hit it right on the right on the money. Otherwise, you're going to be giving up too much. So it's still moving higher, which is good. You can all see the real easy ABCD pattern right here. If you added a little bit of time to it, in fact, you'll see here day one, two, three, four, five, six, seven days up. One, two, three, four, five, six. This is the sixth day up. So the ideal place would be to see it there tomorrow at 72. Now, we're only five bucks under that so it could still make that. Looking at this on a shorter time frame, you'll be able to see that this is what's happened so far. We got up to this level. We didn't quite get there. We missed it by one tick. Are you kidding me? Wow, I didn't realize that. Well, it wouldn't have been filled anyway because our order was at 7280. Okay, now we've had an ABC CD to the downside and all that's done so far is to make a 3a2. Well, it's made an ABCD right out of 50%. And it's made a 3a2 off of this number right here. So it hit good support right there. So we see it to get one more time up there. That's what we'd like to see to get our fill in the exact way that we'd like to take a look at it. But that's maybe trying to be a little bit too much of a nitty gritty or too much of a dimer. But by golly, you know, I believe in these numbers so much, I just have to go with what I see. And looking at this, you know, on the daily, it told me it was going to go to 72 and a half. It got to 7190. Well, that's only within 60 cents. That's only $60 in a contract. That's $500 a penny for 10 points. So I probably missed that one, but I was doing other things today. So what can I do? Don't have to do anything to worry about it. That's all I can say. Anyway, that's what we're paying attention to here in the natural gas. Let's move on here to one other one here. The soybean, excuse me, the euro has been dropping for quite some time. As you know, we've been watching that. We'll get it up here on the longer term daily here because we hit such big numbers up there. There's where we were right up at the perfect 786 level just right up there at 1100. It's $1,000 to the downside. Remember the last major correction we had here. Remember this is 53% reverse of the US dollar. So you're going to be expecting a move that's going to be at least to there. It should get to right there. That's it down about another 60 or about 60 pips. So we're going to put that in as a possibility to see when it gets to this level right here. What that is, load up a little bit from your low to your high. That's going to bring you in right at your 61 to 78% level. My guess is you see the 78% level right here, folks. You just move this over. There's where it wants to go. It wants to go right halfway between the 71 61.8 and 786. So that's what we'll be watching. Now that as we get closer this last correction. Look, it took 12345 6789 days. We're down 123. We're only halfway through if that's the case. The ideal situation from a trading standpoint and hoping is always a bad word, but hope for this. Go from your high right up here. Down to your low right down here. And hope for this. This is what you want to hope for is a quick countertrend 382 rally at 110 1099. That would draw a big picture around that because that would be a beauty. Put your stop right above there. Stay tuned. We got Jeff huge of Alpha Insights coming up of every day in an attitude of gratitude and make God bless. We'll be right back. The gold report. As a precious metal gold is still king. 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Subscribe to the Fibonacci 24-7 newsletter today TFNN.com Educating Investors at TFNN.com Thank you Larry. Good to be on the show today. I'm always glad to have you on. You're talking about the annual returns for 2023 and they look a lot different than that big black line of the NASDAQ doesn't it? Sure does. I wanted to include this chart just to give everybody some perspective because contrary to popular opinion and what you're hearing in the media every day, the 2023 bull market was not exactly epic. Certainly not as epic as meets the eye and one of the ways that we know that is if we look at the S&P equal weight index we can observe that the average stock in the S&P 500 was up just a little more than 11 and a half percent and that's a far cry from the 26.2 percent total return we saw in the S&P or even the 24.2 percent that we saw in terms of the price move. We've also looked at the median stock performance Larry and that means that you know half the stocks were better half the stocks were worse and the median stock performance was just a 12.6 so you know these are more or less in line with the long term historical average of the market and this is one other fact that might be difficult for some of your listeners to believe but about one of the stocks in the S&P actually underperformed the benchmark last night or last year and about a third of them finished in negative territory so you know we got this space ripping rally at the end of the year everybody thinks you know it's time to get back into the market but absent the contributions of the top 7 mega cap stocks yes the magnificent 7 the averages had pretty pedestrian returns what do you see here well it certainly looks like I mean this is really an amazing chart looking at this you hear about it until you see it on a chart the next one is what's really interesting to me and this is about the investment sentiment because I follow that through your work and when you see people talk about all the Lamborghinis and Porsches and Ferraris that they're buying with their stock especially Bitcoin stuff it really looking at here Steve and it looks pretty close Larry it looks pretty close to the dot com bubble I gotta be honest with you you're looking at two different measures of investor sentiment here on the top frame we've got the name exposure index that's the National Association of Active Investment Managers it's a two week moving average survey of responses from professional asset allocators and professional money managers and that now reached 102.7% up from about 78% a week ago that actually slightly exceeds the July high of 101% whenever this cohort of investors gets leveraged it more or less marks the top we could see the last time they got leveraged prior to July was right around the 2021 2022 all type record highs and you know shortly thereafter we saw the same thing in stock prices we saw the same thing in July and here we are again at that levered perspective with professionals what's really interesting here is that individual investors are actually even more bullish than they were at the all time record highs and in July we actually got a bull bear spread in the American Association of Individual Investors survey that reached 32% for two consecutive weeks it subsequently turned down actually quite a bit to about 21% but I think what it's really done here is it's marked the top in investor sentiment and the next move will be back down to the lower end of the range and that should coincide with I think new bear market lows okay now the next chart that you have Jeff is the internals and that boy that's another one that looks like something dramatic has happened doesn't it wow that's a lot of divergence supports my conclusion a lot of people have been talking about how strong breathed then we got this huge move off of the October lows in November and December but the last couple of weeks of December we've really seen that fall by the wayside and quite a bit so in terms of measuring the advanced decline percent of the S&P 500 that's actually moved to negative 52% last week a five week moving average of this measure of breath actually turned decidedly negative after plummeting from a lower high the middle frame looks at momentum and this is one that really has my attention it is really the five week RSA oscillator that we're looking at here and it posted a lower high to leave a negative divergence in place versus the July high and then plunged back below the 70% overbought level that's indicative of a reversal of trend what's also interesting and it's not shown on this chart is that we have negative divergences and momentum at weekly and monthly scales of trend as well and so I think when you put all three of those together it's a pretty big harbinger of concern the final thing this chart points to is up volume it's fallen back to the five week moving average of the ratio of up to down volume fallen back to about one and just shows that there's just no positive momentum and volume there's no volume that's driving this and so it really looks like the internals have peaked along with sentiment and this sets up for a pretty big down leg I think going forward we've got a couple of charts here on valuations that look interesting do you want to tell us what you're looking at here well you know valuations never a real good reason to buy or sell you know in terms of timing the market but it does tell you what neighborhood you're in and you know when we look at price versus it's earnings the price earnings ratio we're at you know the top decil at 32.3 times when we look at price to sales again top decil of valuations in history at 2.6 times dividend yields plumbing at all time lows at about 1.4% or 5% that's about 99th percentile and so whenever you get valuations up near their historic highs in the 10th decil of history the forward 10 year returns for the market tend to be very very low in fact we calculate them to be just 3.25% annually for the next decade is what we're expecting out of the stock market based on these valuations so it really caps the upside potential for stocks and it gives us a reason to be concerned about where we are in the cycle Wow I tell you I love these charts I mean you show the internals of the market like I don't look at those except through you and boy when you point that out it really gives you some things to be scared of now we've got some Elliott wave counts here that you want to tell us about and you even have a bullish alternative count in here too don't you well you know some viewers might notice that this is the exact same chart the only thing we've changed is the labeling of the chart right so what we're doing is we're looking at a chart on a monthly scale of the S&P since 2009 to present and you know the bearish preferred count on the left hand side counts the initial decline into the October 2022 low is wave A of an ABC form and that what we've seen since that time is a rally that has traced out another three wave form that should be wave B of that ABC that's a preferred way of counting it on the left hand until we break out okay stay with us folks Jeff huge of alpha inside tell me right back go away 766 Floyd 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 in 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 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 right to your inbox whether you're a season 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 the thousands of traders who have already experienced the power of Tom O'Brien's award winning newsletter market insights first hand TFNN educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade LABU or LABD Directions daily S&P biotech three times bull and bear ETFs visit Direction Investments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing 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 this program is brought to you by Vista Gold traded on the NYSE American NTSX under the symbol VGZ Jeff huge of alpha insights and he's talking about the broad market telling us a bearish tale and boy when you look at that value line in the Russell boy that's not to be bullish considering the other two broke out to the upside yeah you know Larry one of the things I was going to mention about the bullish alternate count is that even if the market were to break out and it hasn't yet but if it were to break out to a new all-time high the S&P I'm saying we only see upside to about 4,940 950 tops and so one of the things that really suggest to us that this is a much more bearish situation than bullish is this broad market view I mean the value line composite looks at 1700 stocks these are the largest stocks in North America by revenue and there's no way that that index on the left-hand side is anywhere near breaking out to a new all-time high in fact it hasn't even taken out February 2023 high yet and if we look at the Russell 2000 which is the 2,000 most liquid small cap stocks in the US it's moved dramatically up off of its lows no doubt right but again it's only retraced about 50% of the decline and by the way it declined 33% from its peak to its trough so we were we were down 33% as recently as late October so you know both of these indexes appear to have completed or very nearly completed a flat corrective waveform which I think just marks their primary wave B countertrend advances and so what we should be expecting is the C wave to the downside and we think that C wave is already underway and could carry all the way down to you know 350 375 in the value line index and as low as say 105 on the IWM Russell 2000 ETF so that would basically cut these indexes in half well I remember when that happened the last time it was in 74 at 75 so we're going to find out if it's going to be happening again let's move on to the next one here that is the old gold metal itself gold and you want to tell us what you're looking at here because to me it looks like it wants to go lower absolutely I get asked a lot Jeff you're so bearish on the market and all the evidence supports your view what's an investor to do well I think the ultimate investment right now is gold investment and one of the things we're looking at here in this chart is the completion of a very large degree cup and handle base formation whereby the most recent series of highs goes back to around 2020 so over the past four years we've been attempting to break out and in November and December we posted new monthly closing highs to confirm a breakout in fact in December we made a new all-time high as well as an all-time monthly closing high and that resolves both the handle and the cup view of this pattern we're starting to see momentum confirm this momentum is rallied back up to the upper boundary and broken out slightly in December and we expect that to carry through we'd also point out that within the commodity complex gold's relative strength is reasserting itself from a higher low and it looks to us like this is just ready to go right now we are recommending a heavy overweight and gold bullion for 2024 and our upside target we just raised it from 2500 to 2800 I think that could be achievable in the next 12 to 18 months wow that's great that's really beauty let's take a look here about your monthly newsletter yep folks this is the best deal in all of the investment in my opinion for what's it $12 a month well it is yeah and in fact Larry we are going to publish our 2024 investment outlook issue of the newsletter on January 6th that's next Saturday and so investors or viewers that are not familiar with our work you can sign up to receive our newsletter for free on hugeinsights.substack.com that will give you a free view of the first four or five pages of a 20 page newsletter and if you like what you read and you want to get a closer look at what we are thinking about from an investment perspective and our full analysis you can upgrade to paid for as little as $1250 a month by buying an annual subscription for $150 so very very inexpensive we publish the first Saturday every month and then paid subscribers actually get a weekly report from us called alpha insights idea generator lab that report has our top actionable trade idea of each week and we also update our market commentary on a weekly basis as well so there is a lot of value here for $12.5 a month so we encourage you to take a look at it again that's hugeinsights.substack.com that's where you can access the newsletter and the next publication is again next Saturday January 6th well I will say this folks I have checked those results that he has and you should check it yourself just to prove to yourself that he knows what he is talking about listen we want to have you back on in a couple weeks but thank you so much for this great information Jeff and I want to wish you the best for all of 2024 okay likewise Larry thanks a lot I look forward to being back on again you bet Jeff huge folks alpha insights that's www.jwhinvestment.com stand up guy and he really knows what he is talking about okay let's move on here to some of the other things that are going on in these markets we have a definitive buy excuse me a sell now in our 382 at $123.31 we hit $124.01 and $123.31 382 retracement that's what we are looking for stop it's got to be up here and of course the Fed is going to be out there talking today so that's going to bring a little volatility but this is mother god country folks this is what we look for you got the big ABCD pattern down here you are having the first rally back it's supposed to stop at the 382 that doesn't mean it's going to but the odds favor you know like Louis Pasteur said chance favors the prepared mind and that's what we are going to try to be doing here as we are watching some of these things here unfold okay so that's the main thing to look at again let's repeat what we are looking at here in the C-mini S&P because it might be affected by what's going on with the Fed today because we've got several more hours of trading this is an important one same thing we've had three hard days down the first 382 retracement takes us to $47.82 that's what you want to be looking at you'd say wow could it possibly get there boys and girls this has been a bull market for a long time especially since October the 27th look at the last rally that we had here see this rally here we're at 37 handles just very very quickly and if you measured it you'd see you'd be almost doing the same type of rally you see that it's just repeating it you wouldn't repeat it here but it might repeat it here this is why the number that you are watching for is 47.82 that's 21 handles where we are right now stop's got to go above here but if it's right it's going to be a pretty good winner but again no one knows whether you're right or not that's the important thing is you've got to focus on how much you risk each time we do these pictures folks each time we do these this is what our expected move is supposed to be and that's why we put a stop in that's reasonable above it that's the whole key you've got to think in probabilities it's not how much you make it's how much you don't lose that's the key to successful trading so let's take a break here 877-927-6648 if you're looking for potential trading setups in the stock market then Rocket Equities & Options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for Rocket Equities & Options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN Educating Investors 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 when you subscribe you'll get a weekly report from veteran day trader Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking lessons from Larry on market 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this past weekend but if you'll notice we have this big ABCD giving us a bearish bias down here to another two dollars an ounce lower here and so we're around 21 okay you notice the last time we went from 21 to 26 we caught a lot of that okay here's the key if we look at this on the weekly basis this is a long-term trade folks but if we get it and I think it's a beauty but here's where we are I do think sometime in my lifetime and I plan to live quite a few more years we're going to see $100 silver you'll notice where we are right now we had the 61% retracement here spot on to the tick we bought that folks if you remember we were in there we were buying that that was at the end of September actually it was October the 6th actually it was my daughter's birthday anyway this we made a higher high by just a penny didn't go anywhere and now we're bringing it down one more time so here's what you'd like to see this is the weekly chart and you want to be watching from the low that we made right back here to the next time we're going to come down I plan to see what will happen is we're going to get right to about there okay and that is going to be just about a perfect 78% level off of that number that's down a little bit lower it's a 1921 that's the number 19 just roughly figure $19 an ounce that's four bucks from where it is right now if you buy that folks that's going to be a really good trade from a long-term perspective because if you look at silver on a really long time frame this is the monthly we're still looking to see silver at 34 bucks so if you buy it at 19 and sell it at 34 that's life-changing and I got started in this business with a move like that this was the move that I got started in way back in 19 68 and 70 and ended in 1980 anyway let's take a break here for tomorrow with every day and attitude and attitude may god bless stan harley will be our guest tomorrow harley stock market cycle so stay tuned