 The following is a presentation of TFNN. trade what you see with Larry Pezzavento call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pezzavento okay looking good Billy Ray feeling good Lewis to the offices of Duke and Duke 100 South Broad Street Philadelphia Pennsylvania by the way I give you that address folks because that's the Wells Fargo office that that movie was filmed in and if you're really nice and you're ever in Philadelphia and go up to the manager there ask him if you can take you upstairs to see where Eddie Murphy was hiding the drugs from Dan Acroy I mean it was really cool that desk that was there by the way was bought by my very dear friend Jay Cross right after the filming of the movie you know they had stuff available and he found it is a it's called a partners desk you know double desk on each side but they paid two grand for it and after he passed away they sold the desk for considerably more than that but anyway let's move on to these markets looking at the footsie you see we're having a beautiful ABCD pattern forming looks very very interesting and what we're going to do now is we're going to take a look at the DAX have a tremendous fall it's only here today I want to talk a little bit about that here our guest today at the break here is Shane Smollin our wolf trader dot com but here we go with the German DAX we'll get this up here and as you can see we have a 135 pattern forming here in the German DAX if we can get up that high might only make the 382 I don't know but that is very symmetrical you see we make a double bottom down here slightly lower low now we're bouncing a little bit but the negativity is everywhere except in the stock market of the United States of America and I want to talk a little bit about this because one of the things that I did when I first started doing this stuff I got so excited now let me give you a little brief here for for from nineteen from nineteen seventy five through nineteen eighty five eighty seven oh nineteen eight for ten year period all I did was a vehicle CD in Fibonacci that's all I did in eighty six I got interested in astrology through Dr. Ruth Miller because it was really good Frank Tauscher was into it really heavily and so I did a lot of stuff with that and then in nineteen eighty eight I met Bryce Gilmore we were a big money not money show but was the compu track show in Chicago in nineteen eighty eight one of my students from Germany was there Marcus Nickson he came up you have to go into this room and listen to this man speak he said he teaches what you what you teach he said but it it's really amazing so I walked into the room there were about a hundred people there and Bryce was talking and he saw me I'd never met the man before and he said well look who's here it's Mr. Fibonacci Larry Pesavento come up here and sit in the front row you might learn something everybody cracked up so I said okay I'll go along with this I went up and sat in the first row and ten minutes into it I had goosebumps I mean I literally had goosebumps he was it showing this wave trader program and how the ratios of one point two seven and seven eight six and one point six one eight how that stuff all fit together and I said oh my God I said where have I been I said I just didn't understand it anyway I after all I you know we shook hands and stuff and I said hey why don't you come out to Pismo Beach and spend a you know week or two with me and you know we can go over some of your stuff your free vacation you know I'll pay for your flight and you can stay at the trading house you know and 20 minutes there it's you got your own room you got your own floor actually and so he came out he stayed two months and from then on he came every year for anywhere from two to four months out there we don't work with me and trading and stuff but what he showed me was how the relationship between one point two seven and one point six one eight seven eight six how that stuff fits together and he did it of course only daily you know they this was back in 88 there was not a lot of well there were some day traders around but you know not very much but I like the day trading so I can got my I can keep my what do you call it ducks in order to say this to say the least here so now let's move over here to last night I wanted to show you let's get this together we talked a lot yesterday about 382 we reached my retracement so let me hopefully I'll get this up here second hold on just a minute here okay I gotta share the screen okay now this is just a short term I think it's an eight minute or a four minute because I can see the swings you can see the 382 retracements there in the E mini Dow Jones and hold on I could I could have done either one but I did the work on the Dow Jones the 618 on the same thing made any difference but here's the one where we were coming in this morning and I wanted to get this up to you here and I have enough time to get all this stuff in here today and you'll see here that we went almost exactly to the 382 down here we missed this by about 50 Dow points and now we've gone all the way up to the 78% level the new the S&P 500 has made a new high and this is going to be interesting today for two reasons one we got Shane on the line for one thing and the second thing is I'm going to show you for the first and last time it's actually going to be the last time this is what we were looking for by using the AI program you'll see here that we should be topping somewhere very very close here in this E mini S&P this morning somewhere between 11 and 11 30 is what I'm looking at here as a potential for a move to the downside there's two things that I think because I've got a short part here today because of the fact that we've got Shane coming on and he's always got some wonderful stuff but the two things that are most important are the fact that what happened in the Euro is just absolutely amazing here let me get this up here to see where we are just a second mr. Euro where are you oh dear I think this is it yep this is where we want to be hold on one second in fact let's get this up here hold on all right got to do a lot of technical stuff here okay now when you look at this Euro chart I talked to you about yesterday the importance of the fact that this number that we hit yesterday was an exact 382 and 50% off of every swing you see on this chart going back several months okay now what happened last night was the market in the middle of the night popped up to this level here one tick higher and that was real early in the morning and then started you know it's backed off you know quite a bit so if we close above that level right here then that's going to be quite bullish so keep a very close eye on that's backing off just like it should be doing but necessarily it doesn't mean the we don't know whether these markets are going but and I when I get back I want to talk to you about the news and how they how the news is played into some of this stuff because first it's Netflix and then it's what you call it Twitter or whatever what I watch is watch I want to see what happened here's here's my my view of the S&P last night when we first got looking at this this was in the midnight or something like that I believe hold on second I'll get this up here where is it here see me at the wrong buttons a lot hold on and this is a you'll see here that we had this really big move continuing to go higher and it went a great deal higher that's why when I showed you the chart of the Dow Jones that you can see that we were looking at something that was you know really you know really quite interesting so we'll see if that's going to mean anything or not but we'll see what happens we got a break here eight seven seven nine two seven six six four eight booming inflation we are purchasing powers eroded there's no better place to protect your harder and money than a gold this the gold flagship asset is the mount Todd gold project in the northern territory of Australia this is Australia's largest unveloped gold project we are talking a world-class gold project in a tier one mining district this is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction this the goal just completed the mount Todd feasibility study which resulted in a seven million ounce gold reserve in a 16-year mine life all of this combined with the approvals of all major operational as well as environmental permits this distinguishes mount Todd as an attractive dearest partner ready development stage gold project this the gold trades on the new york stock exchange under the symbol VGZ 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 and 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 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 toll-free at 1-877-927-6648 internationally at 727-873-7618 all right folks we're going to take a look here at netflix because it's in the news and i just want to show you some of the patterns that we talk about here i really when i what i'm going to say next people probably won't believe but i really don't watch the news or anything i mean when something happens somebody's got to tell me or i've got to look for it because i don't i really don't care i mean could these i've seen this too much so let's look at netflix here you go back to november you see where it's making that beautiful three drive to a top pattern and also a huge abcd up there at seven hundred dollars a share at that time if you remember we were having a skylight uh i knew type of a skylight i brought into the house up on the roof and we had a little bit of construction going on the gentleman that did it his little construction crew was named his name was marty he was long netflix and he saw me sitting at the machine and uh he looked at it and said what is it you know i don't do charts he said i just buy when i feel like i want to buy and so when i feel like i want to sell he said that's good and i said you know where your long netflix from he said about a hundred dollars six six hundred dollars a share he was up a hundred dollars he was looking at that pattern and uh remember this he didn't see the right side of this all he saw was his top that was forming here at seven hundred and i said i wouldn't buy this stock if they let me trade for free and he said well you're pretty adamant about that i asked i said well i'll keep it on i said well at the worst case you know put your stop at break even so you don't lose anything and he said that that stock is never going to see six hundred dollars and i said well we'll see anyway let me let's go to today okay let's go forward today the first thing i want to show you is right happen right but all the news you like 382 and you want to wonder whether means anything or not look at this folks if you'd have bought a put you'd have bought a put look at this look if you'd have bought a put back here all the kind of money you would have made right at the 382 retracement boy oh boy very very very very very nice okay now the last one i want to show you is what's happening today with twitter so if we get up today and all the news everything came out you know and all i'm going to do now is to bring up the little you know the thing we look at smaller time frame of course but you'll see the patterns unfold and today all this market was doing was making a big abcd pattern up there at that 220 level so i if you're looking for somebody that worries about the news don't listen to me folks because i all i do is i just look at the darn things to see if the things going to work you know that's pretty much all i look at i really don't the reason why there's two fold i've seen it so many times my fact is my one of my biggest i should share this because it's important the biggest change that happened to me was during 74 and 75 when i lost all the money i mean i had some money left you know i had a house and cars and insurance and utilities but my trading account went from seven figures down to minus 2,800 for that 18 months that i studied from late from october of 74 into december of uh must be about september of 75 i studied the garley book basically that's what i did i delved into it i looked everything that i did wrong and all the trades that i had done wrong and i saw this beautiful pattern in the garley pattern in soybean oil and i started buying oil and it it went up i've told you this story before but the reason why that was so important because when i got to the top of the market in 1976 in june of 76 i had made a great deal of the money that i had lost back and uh i i knew i had a big i had 1200 contracts across the board for everybody that was listening to me these are friends and relatives you know from the commodity days this was before i went to work for Drexel Drexel came in august of 76 on that day the report came out and they said on the Reuters machine remember we didn't have these fancy computers and stuff you had a bunker rainbow board and Reuters Reuters came out and said the soybean report on friday was so bullish that the only soybeans are probably going to be able to find are in the smithsonian i wish i had kept that but i didn't the calls in the morning were up by the limit uh two or three days at least and that was really crazy and we had a squawk box just like you see on CNBC and the guy would say you know limit up on first three options of beans and all this stuff and oil meal and i started putting orders in uh and i my order was if it opened unchanged i was out of everything and i it took a while to write all these orders up and when i put them in the first one's when i put in the guy says well you're wasting your time on this one because this is never see this order and i said okay just keep it in okay i was very nervous because it was so bullish and the calls started coming in well we're going to be up to limit at least two or three days in the beans you know easy and in about half hour before the opening well there's there's some trading going on in the far contracts out for 1977 and 1978 but all the near stuff is still lock limit 15 minutes before he said well the first three options are all limit up but there's still a little selling going on in five minutes of four well the first two contracts are going to be up the limit but there's selling in the third options and stuff like that so by the time the market came i could hear the guy's voice i wish i could have recorded it the words he said i can't repeat here on CNBC but it was it was really really dramatic he's oh my god oh my god he said they're only slightly higher and they opened about a penny higher and that's my stop was gone and immediately and in 20 minutes everything was limit down with the most bullish report they had ever seen in soybeans i don't think that thing's ever been any different so when i hear that news and stuff like that it goes over my head i you first of all you can't keep up with all of it for crying out loud one guy comes on says he wants to be a buyer another guy comes on wants to be a seller i i do abcd i do one thing i do it pretty good you know sometimes i'm right sometimes i'm wrong but i write more than i'm wrong and that that's basically you know what i'm looking at so i i can't tell you any more than that so i hope that helps shane will be on pretty soon tomorrow or friday i'm going to try to get adrian toga ray as as my guest tim boss is unavailable as is stan harley and so uh we'll we'll keep those norm winsky we're going to have on monday but we'll have some of these others here to look at there was one other thing that i wanted to share with you that that euro is the most important the dow may or may not see the dow's heading towards uh no matter what happens today folks we're going to 40 60 in the s&p that that that's a flat out we got a month where's that s where i've got that chart just a second the spx chart just a second where are you spx hold on just a minute it'll show really clearly where we are with the spx uh dear oh what did i do with it i didn't mark it right i guess shut the front door and raise the rent it's coming where are you well maybe not coming in my lifetime i will find i found it sorry here it is here's the where we're heading this is uh basically the equivalent of 40 40 60 in the s&p let's get this up here you'll be able to see it right there and uh there's the abc that's 40 70 in the s&p this is the s&p cash eight seven seven nine two seven six six four eight stay tuned for the shane man if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every monday morning i published the gold report with coverage of gold silver bonds dx au hui gdx as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next 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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 have the shane man wolf trader dot com on the line shane how are you doing good morning larry how are you today i am very good my friend very good and i want to uh congratulate you for doing so well with your trading recently you know i work with uh him with your broker on some things and uh he actually he's very tough with uh what do you call accolades or you know he i don't know if he told you or not but he was very impressed with the way you've been doing with your trading so great tell us about this new service you got patreon what is that okay so uh patreon is just a it's a service where you can go and get uh updates it's a very small service so if you go to patreon.com four slash wolf trader all right it's a it's a very very small service that i have but it gives you just some basic updates in terms of charts and so it's a way to kind of dip your toe in the water uh i call i call it the baby wolf cub membership so if you guys are interested in the patreon you can head on over to patreon.com uh four slash wolf trader so if you want to just kind of get in the mix a little bit but you're not sure if you want to do a newsletter that's that's a good way to go okay great go ahead tell us what you're looking at today my friend okay so first of all i want to talk about this polar squared version 14 so this is uh what we use with the auto trade system but it's also available for uh for subscribers so for like gold and platinum and s and p we have it's available so today's today's hashtag of the day is trailing stops never sleep and the reason why this is the hashtag of the day is because uh one of the advantages of automated systems is that uh you can you don't have to sit there on it all day that the trailing stops can be programmed uh and so this is why everything that i do with this is machine learning uh so these stops are able to come in the middle of the night while you're sleeping and make money so on this latest version uh we we had some upgrades but the big one is the trailing stop and we also have lean hogs and coffee coming soon so we're going to be adding those two we took away cough cotton and sugar so we're going to replace those two so if you're interested uh those are coming now this is an actual screenshot of two trades uh so i just wanted to kind of highlight this and again this is the theme of the day that trailing stops never sleep um i was actually up last night uh this trailing stop came in the middle of the night this these are two of them so this is the last two days on oil so we've had two consecutive days on oil that have been short okay so these are from the actual live account so this was uh two days ago this was last night and i was actually up last night so larry i don't know if you know but i'm a big track and field fan i don't know if i've talked to you about this before but uh the way that these championships are going on right now they're they're actually going on and on the west coast in eugene orgon so these uh the the world championship started like 1130 at night so there was just some incredible track and field last night i mean area night and it's this high school kid we ran 1949 and no alleles this was the 200 same age and uh in the 1500 meter jake yakka bingabritzen from norway got upset from jake whiteman from great britain and then in the 400 hurdles uh allison dos Santos from brazil beats rye benjamin and karson were were home so i don't know if that means anything to anybody out there but to me this is a big deal because i love track and field i watch it but i couldn't go to sleep so this was like at 230 in the morning and so i'm sitting there watching these charts and so it was still like almost three o'clock i was still awake and boom there goes the trailing stop on oil this thing hits at like 255 in the morning and it just kind of reminded me that you know this is very powerful when you don't have to be there tracking these things and the trailing stops can move down automatically in an automated system so uh that that's the kind of the theme of the day it just really reinforced it because if i normally i wouldn't have been up at that time obviously but because i was it just it just made me think wow this is really powerful stuff that you don't have to sit there and just trail that down manually it can actually happen on its own so uh that's just kind of like a introduction into you know what we're doing right now uh those you know those signals are available to to our subscribers too but the trailing stops obviously happen on the the machine learning side so that's that's in the live account so just wanted to share that with everybody i thought that was a pretty cool chart well that's something i do every night but not with track and field anyway keep going my friend tell us what else you're looking at yeah i'm probably talking throwing these names out there and people are like what are you talking about you know but i have i've never heard any of these dudes so yeah jacob in your britson is he's very young and he's like 20 or 21 from norway he won the the olympic gold medal in the 1500 and he got upset by by by a brit yesterday but the the one that you guys if you're not track and field watchers tune in on thursday night for the showdown between arian knighton and noah liles these are the two americans and arian knightons in high school and he already just to put this in perspective arian knighton at his age is already a half a second faster than usane bolt was at his age so tune in for that that's a 200 meter guide i don't think you'll be disappointed it starts late at night but it's on usa network if you guys want to see it anyway back to the markets i got i go off in the track and field guys because that's that's my thing but uh s and p 500 so let's talk about the markets here so i know a lot of people are curious about the s and p so let me let me kind of give you a little bit of a summary here this is what i see with the s and p uh the s and p is still in it it's in an expanding corrective pattern now it looked like it was over a couple days ago but then it just kind of did a u-turn and came back like freddy kruger in those horror movies from the 80s or jason or whatever those horrible like it's like never dead right like you think the murder is dead and then pops back to life so s and p pops back to life still in a corrective pattern though i'm still counting this isn't a five wave corrective pattern it looks like it's some type of an expanding signal now the thing that's interesting about this is that volatility is hitting major lows so that tells me that when this thing turns it's going to be really really strong to the downside we're still in a bear market and so you're really playing with fire on this if you if you think that uh these rallies are going to continue because until we make some type of a major low these these rallies are likely to be retraced and they get retraced really really quickly and the bear market rallies are designed to draw people in so i would just say be really careful with this because if it goes up this fast it can come down this fast and now that the volatility is kind of hitting these lows i think it's starting to tick up a little bit with this this recent couple of days but be careful with that also there's three geomagnetic storms coming so for those of you who follow what we talk about with the geomagnetic storms this was a study that was published by the fed and we follow this very closely there's three of these coming in the next two days so that is bearish for the s&p so the s&p has been hanging around hanging around hanging around but that's definitely coming up the polar r squared for those of you who are interested we are we are finally on pace for a cell today we haven't had any cell signals in a few days but that you know as of right now it could change by the close but as of right now that's on pace for a cell today and then next week the the news of course is the fed meeting there was an interesting statistic that i saw in a video last night that i posted for subscribers which is that consumer savings accounts are still 75 percent higher than before covid in other words there's still money there from stimulus that needs to be spent and so this means that the inflation is likely to be persistent here for a few more months even if the market's going down i know we're starting to see economic slow down but the fact that that money is still sitting in consumer's bank accounts and this was the lower 25 percent the real the spenders there's still money in those accounts for people to spend so to me that's telling us that the fed still has to battle this inflation for even if the market starts sinking at this point there's still a lot there that the fed has to battle so keep in mind they're likely going to continue down this path even if the market tanks if that inflation doesn't come down they they have no choice they have to keep the rates hiking can you stay with us my friend we got some more time yeah absolutely shades million folks wolf trader dot com expert and track and field tfnn has been your trusted source of analysis for bonds metals stocks commodities and options for years and we are happy to announce that we are bringing that same caliber of analysis for the forex market teddy keg stat has 30 plus years of experience in forex trading come out of the risk management forex hedging volatility and so much more teddy releases his weekly tiger forex report every monday morning with elite coverage of all major currency pairs including the dxy euro dollar pound dollar ozzie dollar dollar yen dollar swiss frank and so much more teddy will recommend specific trades when the market presents them and provide updates throughout the week when warranted for the month of july inaugural members to the tiger forex report we received 25 percent off the monthly subscription for as long as they're subscribed just use promo code teddy 25 to lock in the added savings this offer is good only for the month of july so do not miss your opportunity to save on a tiger forex report tfnn educating investors the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information david white's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future david white has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade david delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only $37 and 50 cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today with our 30-day money back guarantee tfnn educating investors are china a shares hot or not if you trade china a shares now may be time to take a closer look trade chau or chad directions daily csi 300 china a share bull and bear etf's china a shares in either direction visit direction investments.com 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 a 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 nysc american and tsx under the symbol vgz back folks speaking with small shane's million wolf trader dot com shane i have a question on your patreon how much is it per month for all that information oh no don't tell me i'm lost contact broadsword to danny boy oh dear we've lost shane hopefully he'll be back with us in a second but that's a pretty big service he's asking her that he's talking about i don't know what the cost of it is but hopefully shane will come on back on moving on to these markets we're still up very you know sharply higher and stuff the abcd on this s and p does on this is a daily is 40 70 but remember we had 60 and 70 point swings in this thing so it could easily move that much i mean because we were lower and then you know 200 points higher in the dow so all of that stuff is telling you that these markets are extremely volatile and will be have have a chance to get plenty of positions on not what i do in in fact is one of the things that i that i follow really closely hold on let me double check this to make sure where i am because i have a you know a few a few things going on where my alerts go off that tells me that something really interesting is happening i have had several questions about the grain markets folks and there's a perfect example of the fundamentals really really strong weather is far from perfect and you know there's problems all across the globe with wheat and corn and soybeans and stuff and china wanting to buy with all that news they still go down and that that to me folks is yelling and screaming hey you've got to pay attention is there more selling there's more than buying they're going to drop doesn't make any difference what the news is i just told you the story and the story story after that we've heard them all you know nothing's nothing's any different they do the same thing all the time there's nothing any different so when you hear that news look at the charts make sure the charts are telling you that it's going the right way we know i'm getting a skype message from tfnn that they're not answering the phone over there al could you double check to see what is possibly happening there okay we're going to double check that and see if we can get shane in and not worry too much about what's happening hopefully he'll answer and we'll get it all done here in just a minute today was a very interesting day for me because i i went to bed at my usual time unfortunately i overslept by two hours and i got up at quarter to six instead of quarter to four and that two-hour time frame i mean i just i had some orders in they got filled and i was totally you know shocked that they did but were happy that they did but it really threw me off my game so i'm stalling here a little bit to get some more information out but doesn't happen very often i've been taking this new sleep medication called fintrex and my goodness it really works uh boy i can do the the dose is usually two pills and they're herbs that's all they are you know there's nothing there's nothing pharmaceutical in there at all and it's really amazing that it allows me to sleep so well we're not getting able to see shane today so i guess uh i'll ask him to keep trying hold on just a second and we'll see what's going on i i'm not getting through either i don't even know if i'm on the air or not i ought to double check that hold on just a second here to see where we are here this morning and uh uh testing with tfnn and see uh let me just get this in broadsword to danny boy broadsword to danny boy can you folks in the den can you hear me okay am i on the air hello operator the chicken is in the pot the eagle is landed i don't even i'm not even getting a response there so i don't even think uh i don't even think we're in there well there there there's someone tells me i'm on so that's good okay well we can't get through to shane so i don't know what that problem is but hopefully we'll get it straight and uh you know keep trying folks because shane keeps calling in and he's not getting an answer at tfnn so hopefully that uh will happen soon enough and we'll see you know what's going on uh with that so anyway let's keep an eye on the gold market folks we're trading at 1705 i believe we're going to go down one more time and if it's not really a really big gully washer to the downside you've got a chance here for these things to move in the direction that they're going to have a what we call a um position where it's going to go higher in other words if it doesn't wash out there and there's no i mean the reason why folks the open interest is dropping in the gold at the same time prices are dropping i've showed this before i i follow this every day with our good friend over there in down in texas down there in san antonio but this is i posted this this is nothing different now we see prices going down open interest going down and when that happens the market is basically strengthening so i'm waiting to see one more push to the downside our gold was of course the hundred dollars lower but at 1695 i don't know what's what's going on but uh shane keeps calling tfnn with nobody answering the phone i don't know what that means but anyway you can see here but i follow this and all of these things for a market to really get big to the upside you're going to have to open interest you got new players coming in and then you'll be able to see this thing turn but until that happens that's not going to happen so uh 1705 is where we're trading now the old low was 1692 that's 13 dollars away that tells me that's going to get taken out because it's been there for three or four days so when that breaks you want to see because that should be the break that takes it down you know quite a bit because it's it's got a chance to to really do that now thinking that way uh i don't know if you can hear me not ashamed but not to worry buddy we'll have you on we'll have you on on thursday and but you'll see here's what i've been trying to do in the gold market and i'll get this up here to see where we are here there we go and uh there's where we are so i was looking on this short term over the last several days i was looking for the market to rally up to possibly 1725 it didn't get there it only got to 1713 so you can't do anything and now we're trading at 1705 and the market's going sideways so that pattern is not lining up like i wanted to so that tells us by golly that we've got to be able to uh you know get to a point where we're not going to uh uh you know risk very much and i'm not going to do that it's i'm not going to short at 1712 13 when my product when my private objective is 1725 that just means if the pattern doesn't work i move on and do something else now i i watch markets on the hourly four four hour daily and then i go down to 15 minutes and when it gets really close to that i'll go down to a five minute just to find you know a better pattern just like i did with twitter with the netflix today i brought the netflix up just to show you that these patterns work no matter what the news is and that's the you know today you know everything's good with netflix you know that the things were bad but they're not as bad as they thought they were so that's bullish whatever anyway i just looking at the numbers folks that's all i do i've been doing that for a long time people ask me questions about the fundamentals have no clue in any of the markets i literally i try not to even watch the news anymore because it's such it's such a wacko you know the way they promote promote these news stentations is should be illegal it is in singapore and other places like that i don't know if you know this or not but if the if an announcer pumps something that's fake news they go to jail for two years over there so they better be knowing what they're saying otherwise they're in big trouble so that's the end of that by the way it's chewing chewing gum is illegal in singapore as our uh scapegoats and i believe uh sugar sugar sugared sodas 877-927-6648 jane simoleon will be our guest tomorrow we'll be right back with four words from our sponsor this to gold owns and operates the largest undeveloped gold project in australia the mount todd gold project this to gold just completed their feasibility study resulting in a 7 million ounce gold reserve this to gold has all major permits approved and has retained cibc capital market assistance in evaluating alternatives and in completing an accreted transaction this to gold trades on the nyse american and tsx under the ticker symbol vgc this to gold executing a strategy to create shareholder value 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 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tigers and tigeresses for just one dollar for the year there's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com hey folks well we're uh i just noticed on the break here we're unable to get chained on the line but we are looking at new highs in the s&p not so much in the dow jones uh but and but the nasdaq is of course leading the trail as as is the the russell you know the russell is is really a big one so that's another one that looks really interesting so pay attention to that one too uh we've still got the bonds heading down into the sewer they uh they have not uh perform whether they should be on the short side of course because we talked about that several times how bearish the the bond market actually is and i believe i have a chart here on that uh i think this is it right here yeah here it is we'll get up here take a quick look at it these were the ones overnight that were uh usually quite interesting so here is the uh the pattern we were looking for you know you see we had a beautiful 61 percent retracement there went a couple of pips above it and now you know we've broken well over a point so there's a market that's going down you got a nice retracement level to take a short stop above here you know so your risk is uh you know two to one now you're up you're up well over a thousand dollars so you put your stop at uh so you lock in at least 800 dollar profit and then let her rip because there's a chance that this could be a a b cd to the downside and that would make it a huge winner because we were short most all this way you know down in this area we got out in this area right here missed this last part but now we sold it back on this first really good rally we had this rally has taken a day and a half so it's not a small rally it's a pretty good rally we went from 37 uh two two thousand points up you know two handles and so that makes it very very interesting so see now tomorrow uh hopefully if i can't get adrian toga ray today i'll have shane on tomorrow trying to get him on and then we'll we'll find out if uh everything's going to okay see if that's going to work uh so live every day in an attitude of gratitude and may god bless try to do something good for your neighbors folks because there's a lot of people out there that are still hurting you know thank you see you tomorrow folks but bye bye