 The following is a presentation of T-F-N-N. 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 folks, this is Billy Ray Valentine. Capricorn joining you for T-F-N-N. Here's what we're going to be looking at today folks. I've taken this across the pond to take a look at the footsie and also the Dax. There's very similar patterns that we're looking at, especially in the footsie is very, very similar to what we're looking at here in the Dow. And I will cover that in just a moment, but I wanted to bring a couple other things to your attention that I think are relatively important. If you remember all week long, we have been talking about the possibility of this three-day rally that we've had here in the Dow Jones. I want to bring this up so you folks can take a look at it. It's done exactly everything we expected it to. It's been up to the 3-8-2 three times. Probably it'll do it the fourth time today. Who knows? This pattern is being talked about in the news folks. I am a strong suspicion that they're going to try to put in a strong close in the market today. But if the market closes below the lows in the Dow that we made today, in other words, down more than 400, you do not want to be long stocks into Monday. And let me explain to you why. One of the things that we know about in these markets is they repeat over and over again. There's nothing new under the sun, just like in the Bible. It says nothing new ever really occurs. So the first thing you want to ask yourself is to what really happened to the Dow Jones and when we had the last COVID and let's see if there's any similarities. So let's bring this up here and we'll bring it up so you can take a look at it. I'm going to do the work for you because it's easier for me to do it than it is for you. Here is the Dow Jones in 2020. You see when COVID hit, we were at $30,000. We went all the way down to $17,000 in six weeks, actually one month, and that was $12,000. Now look at that first one, that four-day rally, folks. You see that four-day rally right there? And then look again, you had another. You moved 2,000 points in one day and then went back down again. Then you moved 3,000 points in one day. Can you imagine where we're going to be now when we're trading at these big numbers? We've got to be very, very careful here, folks, because this is what we're looking at right now. It's that exact same pattern. And that exact same pattern is a really, really scary one because if you look at it on a little bit longer timeframe, and that's what we're going to do here. And again, I'm looking at it. I should have these lined up so that I can see them, but by golly, it's just not as easy as I would like to make it. So here's where we are today. Remember what happened in 2020? Okay, there's your four-day rally right there, just right at the 382 retracement. And when I did this, it was 34,168. We're trading quite a bit below that. Well, not quite a bit below, a little bit below it. Anyway, if we close below, in other words, if we're down there near that 33,000 level in the Dow Jones, then that's when you don't want to be long that. Anything under 33,600, low today was around, I think around that price, 33,600. Anything below that low tells you that you're going to see probably a 10,000-point drop in the Dow Jones very, very quickly, probably over a month. And that's a good thing because it's going to give you some nice buying opportunities and selling opportunities all the way down. And remember, this is my interpretation of what I've seen in the past. Does the past always equal the future? Of course it does it. Do the patterns always repeat? No, they repeat sometimes. So all we're trying to do is to find where they are and how they're going to, to unload, how they're going to complete. And if we do that, then we've got something to look at. But the market has to close down there in the Dow Jones around, at around that 33,000 level, that's really what you need to do. Now, the NASDAQ has had tremendous swings here. And that's a good thing. But the trouble is that people in the market don't like big swings like that. So that means that there's probably something changing and that's why it's so very, very important. One other thing is very important. Let's get to the price of Apple. Now, Apple came out with the greatest earnings since Hector was a pup and that dog is 17 years old. Look at this. We had really bombastic earnings. It went up to 68. It's now trading at around 65 or 66. Now, I mean, that's still acting pretty good. But if something happens that Apple starts to get lower on the day, which would affect the Dow quite a bit because it's a price weighted stock, it would really make it very, very interesting here because here it'd be a situation where you had super good news and the market didn't respond to it. But right now it's responding to it. There's nothing to be afraid of at all. It's the close today, folks. That last hour of trading is going to be the really important part of this because if we can hold that, and that doesn't mean we can't go down on Monday, it's just that it's got a situation like we had exactly like we had in COVID with the three-day rally, four-day rally, and then rolled over. So if it does that, then you're looking at something that people just don't do the work and go back and see what happened during that last time. Well, I tried to do that whether it's going to work or not. I don't know. You know what else, boys and girls? Nobody else knows either. So the only thing we can do is we can control how much we can risk. And we're seeing swings today. I mean, look at this. Yesterday we had a $2,000 move in the Dow Jones. We had well over 160 handles in the S&P, over 120 handles in the NASDAQ. These are monster moves. That's why your volatility index is going whack almost to the time. Because people are seeing this stuff and they say, oh my God, what do I do now? And that's the main thing that you've got to realize what you're going to do now is to see how it's going to end on Friday. Because if it ends badly on Friday, it's going to look exactly like it did back in 2000. And that's what you don't want to see happen. Well, if you're short, you want to see that happen. If you're long, you don't want to see that happen. The other thing that I think is apparent to many people now, some of these people, these millennials have been out there and they were doing Reddit and Robinhood and all this. Look at Robinhood, folks. It's gone from 90 to 10. And I don't even know if it's still at 10. I just heard it on the news this morning that it was trading at 10. Tesla, that we talked about just last week. If you remember, last week, in fact, we talked about it with that 20-minute number that we had here on Bloomberg on Wednesday. But look what our price objective was last week, folks. If you like ABCD patterns, look what our price objective was, was 800. And we hit 800 today. I saw it traded 802. So that's a sign that that pattern could be completed now. And that might mean the reason that the market could rally. Now, we've had some really, as you go through your information on the 24-7 newsletter, trade what you see. You'll see that many of these have hit major points. Amazon hit a 618. Microsoft hit a 618. Apple hit a 618. And they've held those numbers. So that could be the reason if the market does decide to turn, they let it down, they could easily lead it back up. So that's the whole key. How it closes today, that last hour, is going to be just so very, very important from my perspective. That's the main thing. Now, the second thing that we need to talk about today is the gold market. Guess what? We have Jeff Hughes as a guest today, Alpha Insights, but before that, we've got to pay a few bills. 877-927-6648. 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. 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From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be, tfnn, Educating Investors. At 727-873-7618. Okay, we're back, folks, and just for kicks and giggles, I decided to put up a chart here of crude oil. You can see the ABCD pattern there. What's interesting about this is if you'll do the work yourself, you'll start to see that you have this beautiful ABCD pattern and it's also a perfect one when you look at AB equals CD in time. In other words, the distance between the AB leg is equal to the distance in the CD leg. Now, whether this is a major top or not in the crude oil, I don't know, but all I know up there at 8850, you didn't have to risk a whole lot. Now we're trading at 87 and change a little while ago. I don't know where it is now, but that's pretty much what we're watching as we look at these. Those of you that are in the grain business, I highly suggest you take a look at the soybean oil. I don't have those charts ready today because I just got too very busy this morning and I wasn't able to do that. But if you would be so kind as to look at them yourself, you're going to see a three-drive pattern in the soybeans up there around that 1480 level. That's a big expansion number and also crude oil. The March oil has a big 61% retracement up there at 6530. So it's interesting to see how that one is lining up. So remember, folks, it's not how much money you make, it's how much money you don't lose. And that's the key to what we're looking at. This volatility that we're seeing is just absolutely fantastic. Now, let's get back. We've only got a little bit of time before Jeff comes on and I've got many things to do over the weekend with charts and videos. This week, we've had a terrific week. We've seen pretty much what we thought these markets were going to do. That's not always the case. But look at this, folks. Look what Silver did. Now, this is really incredible now. Last week, if you remember, we were on last Friday and there was a head and shoulders pattern. You can see it just as clear as a bell at 2475. And now we've come down. We've made a 135 pattern down here at 2250. Now, if it breaks anything below 2250 into 2230, something like that, this is going to be a failure of a 135 pattern. And that, my friends, is not very constructive. Now, we've broken down below the 61% retracement in the gold. It's already broken more than $60, which we were expecting it to do. Now, that doesn't mean it's going to turn around and go crazy here. But look where we are here. This is what I sent. I sent this out yesterday and I followed through with it today when we went below that coveted 1790 level. Last I saw was 1780 and changed. But look at this. We went below the 61% retracement. We got all the way down to, I believe, 1780, I believe, or maybe even 1779. Well, the danger at that 61% retracement is the fact that it was only... Look at these wide bars down. You don't have to try to catch a falling knife in this market. Well, you can if you put your stops in. But look at this. This is only two days down from the top. Go back at the top in November. Look how quick it came down there. Go back to the top in September. You don't want to have anything to do with that. That's one of the major danger signals of ABCD folks are these wide-ranging bars, both up and down. I put that in the book. I talk about it all the time. Whether you think it's important or not, not important because it's important to me. So if you pay attention to ABCD, two of the danger signs that you have are wide-ranging bars. Second one is gaps. And the third one is how many days has it been off from the high? In other words, like today in the crude oil, chances of this being a big reversal day to the downside in crude oil is probably nil. But if it is, you know, crude oil is already broken a dollar from the high. If it breaks two or three dollars from the high, that's going to tell you something. Whether that's occurring or not, God only knows and she happens to not be trading today. That's how we know that. But look at the, if you have your trading, your trade, what you see letter, go look at the charts in the FANG index, how they lined up perfectly with these, just like we did with Apple, just like we did with Microsoft, just like we did with Tesla. All of those came in pretty much where they were supposed to. And that could be the reason that we have a really good close here today, that this is an important bottom for some wild stretch of somebody's imagination. But if we close badly, and if we close badly and that's the key, that's where you want to be careful because that's where you really, really run into some serious problems with these things. So that's the main thing to remind yourself of that. That's what I think is important. Anyway, of course, since this is my show, I'll say it's important, but that's neither here nor there. Okay, now we'll move on here to the next one here that we want to take a look at. We've covered the gold, we've covered the silver. Folks, we have an explosive move in natural gas. Look at this move we were looking at yesterday. Hold on a second. Yeah, that Alibaba is making a triple bottom. To me, I can't touch Alibaba here. Your risk is very, very small here in Alibaba. But frankly, this is such an important day, folks. I mean, I heard Basil talk about it because if we close badly, and we're a long way from the close, folks, we got, what, four hours and a half to go, and if this thing turns around like it's done many times, you could be looking at something really, really disastrous in this. The key to this whole thing, folks, is the chart of the S&P. We did all of these. We did the 3-8-2 on every single one of these. I want to do it again because it's that important. Look, we made a bottom on the 24th, okay? We rallied for three days really strong. We went from 33,000 into Dow up to 34,800. We rallied 1,500 Dow points right at, pretty much right at the 3-8-2 of the high. We stayed there twice. We went back there and hit it twice. Yesterday we came down and we tested it again this morning at 33,600. We're trading at 34,000 right now. And if we can close above 34,000, 35,000, then this has got a chance that there's been some strong distribution and accumulation in here. One of the two we're going to know by the close, I think. But if we close badly below that red line, be long at your own risk, at your own apparel, because that is not going to be, it's going to be exactly what it did in 2020. And guess what? We had COVID in 2020, and today they came out with variant number 29 or something like that. I have to tell you a quick story too. I sent John Jameson some books yesterday by Federal Express. There's some rare books. It cost me $373 to send them to the UK. They weighed 10 pounds, all right? This morning at six o'clock, John called me to tell me that FedEx had called him and they were at the London airport. Of course, he's in the Isle of Man. It'll take a couple of days to get there. But they would not deliver the package to him unless he answered a series of 30 questions. What's it in it? How much did you pay for it? Is it a gift? Does it have any bullets? Does it have any acid? I mean, 30 questions. And then when he went through the whole thing, the guy said, yes, you've been approved. You will get it on Wednesday. So I mean, you talk about a different world that we've lived in before. That's what we're into. But anyway, that's what's going on over there. I thought you'd be interesting to know that's how much it costs to send something somewhere if you want to get it there in a hurry, which isn't too bad. You stop and think it's 10 pounds. So that's $32 a pound. You get a child on an airplane from Tucson to the UK. It's going to cost you probably 800 bucks. Pretty much a fair deal, I guess, but, you know, we'll see. Okay, now, here's another one that's in big trouble. And I still think we're doing it. The dollar is still strong. When the dollar is strong, gold is weak. Euro is heading down to this area right here. It means the dollar is going to be strong. 877-976648. Stay tuned for Jeff Huge, Alpha Insights. 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Okay, we're back, folks, and I believe we have Jeff Hughes, Alpha Insights on the line, and he's going to talk to us first about trend analysis. Good morning to you, Jeff. Hey, good morning, Larry. How are you today? Very good, my friend. Very good. So what are you seeing here in the trend? Well, you know, obviously, we've had a little problem in the trend over the course of the last week or so. You know, we've been monitoring this thing on a daily closed basis just to take some of the noise out. The chart you're looking at goes back to, you know, the March 23rd lows of 2020. And, you know, the trend was fine. It was moving just fine, despite the fact that we've had, you know, huge overvaluation in the top seven stocks, heavy concentration, a lot of leverage. But, you know, the silver lining of an uptrend has been broken now, and we have corrected a full 10% from its peak to the trough. And I think this is normal in a bull market. A lot of people, I think, are overreacting to this pullback. It's not that unexpected. Especially if you look at how historical mid-cycle election years trade, January is almost always down. I think it's got like a 90% history of being a down month. And we usually get a rally into late first quarter, early April. And so that's what I would be hoping for if things play out historically. We've pulled back through, you know, trend support, and what I would describe as initial support at 4500, and we're now testing 4300, which is critical support, and it also marks the 55 weeks simple moving average, which historically has been a great barometer for intermediate term trend. And so my hope is that, you know, we can hold that level and develop some sort of a base here, and then I'd be looking for a chance to do that. I think it's going to be interesting now. You're an extremely adept at your Elliott wave analysis. You want to tell the folks what you're looking at here? Well, there's two narratives, really. You know, the preferred count is the bull. You know, the preferred count is the bull. So one of the things that really resonates with me in the preferred count is the fact that the current pattern, which is really of intermediate term degree, that 3, 4 looks almost identical to the 3, 4 of primary degree, which is one degree lower, that parentheses, 3 parentheses, 4 below it. And so, you know, we put in that wave 4 low in March of 2020, and we've rallied up here, and it looks to me like the low that I'm hoping we're putting in right now could be wave 4 of intermediate wave 5 of cycle degree 5. And so, if in fact we are putting in a tradable bottom, we could get quite a rally. In fact, by my count, the S&P has the potential to rally to 5400. That's the bull case. Now the alternate count to the right of that actually illustrates the bear case. And the bear case is simply this. The market topped on January 4th, that was the top, and it wasn't just intermediate wave 5, but also primary wave 5, cycle wave 5 and super cycle wave 1 or 3, however you want to count it. And the implication for that is quite dire. That would suggest that we are on the precipice of a major correction of biblical proportions frankly. That's pretty severe. One of your specialties of course is your value versus growth, and you've got a chart here that shows that this is breaking out. Obviously we're very focused on relative strength in our work, and at this point we're looking at a 15-year monthly close only chart of the value growth ratio. We're using the pure value index versus the pure growth index. So there's no overlap whatsoever between the constituents here. And that ratio actually bottom in 2020 rallied to a interim high in 2021, and then pulled back and put in what looks to me to be a double bottom. And we have since rallied through moving average resistance, trend resistance and chart resistance. And the thing that really is convincing about this is the fact that structural momentum, the lower panel has led price the entire way, and that is a very, very bullish indication. So I think at this point value is leading growth, and that is potentially very sustainable. So if it's true then growth investors probably need to reposition their portfolios. Okay. Now the Fed met this week and they talked about interest rates and you've got a nice chart here on the interest rates rising. So I would like you to explain to the folks what you're looking at here. Absolutely. So, this might be the most important chart in history. And I say that perhaps in the context of my own career, which only dates back to 1990, but we've been in a 40-year bull market for bonds that started around 1980 or so. And what this chart is really telling us is that that bull market and bonds may very well be over. We've already put in what I would describe as a classic pattern base formation of the inverted head and shoulders variety. And it has already resolved to the upside when we took out the 177 level on the 10-year bond yield. That implies a move to about 3%. Well, and it's not illustrated on this chart, but the 40-year trend line actually bisects at 268. So we would then have broken out above that 40-year trend and that would be a clear indication that the trend is turning to the upside. And, you know, frankly, the bigger picture implication here is that asset prices in general, which have been based on this perpetual low interest rate environment, will have to reprice or recalibrate or re-rate to a higher interest rate environment going forward. And that would favor value stocks over growth stocks as well. Well, that's really good. And their next one sort of verifies that this is the one when you're looking at the rates as correlated with interest rates. Is that correct? That's right. So we've really just taken this same chart, the 15-year ratio of value to growth and we've overlaid the 10-year bond yield and we've come up with a correlation coefficient of over 80%, 0.81 to be exact. And, you know, what we're thinking is that if rates are breaking out, we do get a rally to 3% on the 10-year bond yield, then I think that this rotation from growth to value is just getting started. And we could see, you know, that ratio is actually up 10% year-to-date. We could see it up another 20-25% over the course of the next 12-18 months. Wow. Holy cow, that's really interesting. Now the next one that I'm really interested in to hear what you have to say is Halburton, the war stock. So are we going to go to war? I don't know if we are or not, but the only sector in the S&P 500 that's actually generated positive return year-to-date is the energy sector. And if we're going to dig around the oil patch for opportunities, I don't want to buy something that looks too stretched, right? And I think the oil services stocks are one of those spots where you can actually find a very fat pitch and Halburton appears to be just that, putting in an inverted head and shoulders base, and it's clearly resolved for the upside. The stock actually just made a new 52-week high this week. Wow. That's good. Hey, Jeff, thanks for joining us, my friend, and we'll have you on again in a couple of weeks, and stay safe and keep up that great work, buddy. Oh, thanks so much, Larry. You too. You're a prince among the man, my friend. Are you on 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. 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Ok folks, I've put a chart up of the NASDAQ that pretty much describes what's been happening all week up and down since the 24th. We had a bottom rallied up to the 382. We've been attempting to get through that, which is quite a bit away from where we are right now, but there's a lot of time left for trading so it can go either way. The close today is the most important folks because if we close poorly, all of this stuff that happened in between today is nothing more than cannon fodder. In other words, it doesn't mean a whole lot. And believe me, with all these things setting up with all the NASDAQ stocks that I look at with the Fang stocks, they hit major support. You look at the 24-7 newsletter you're going to see it and we stopped exactly at the one standard deviation. We talked about that several times. You can see it did it twice. Let me just get it up here so you can see it. Until we go below those numbers we're still in a bull market. The fact is this one right here happens to be the NASDAQ and is trading at let me see the last time I put this up, it was trading at $14,250. I have no idea where it is, but my guess is it's probably close to $14,250. Can someone give me a price on what the E-mini NASDAQ is doing right now? That number in the S&P is around $43.30, I believe, $43.25. So it's $43.50 was a 58% retracement yes on the E-mini S&P but the NASDAQ is the one that's important because it's the one that led us down, it's the one that's led us up so if it's going to lead us up it's going to be pretty doggone strong. It's very strong, right there it is $42.25 I said $42.25 and there it is $42.22. So today's close is it. If you close above $42.22 then I think you've got a chance for more of a rally but this market has a tendency to look very, very poorly in the morning and then come back in the end of the day and that's mainly because of the algorithmic traders folks they know where these numbers are do you know how I know that because they run this stuff by computers and computers do one thing and they pick up numbers and when they start seeing those numbers pop up they might know might not know that they're 618 or 1.27 or 618 or anything like that but they know those numbers are there when they see prices move around those numbers that's how they build their programs and the low that we made today in the Dow Jones which turned the whole thing was down there at 36,000 36,600 and excuse me 33,600 let's try it again Larry 33,600 we've rallied 500 handles we just hit 34,200 so 600 handles so and these swings we have you know nothing for the Dow to move 1,000 and 2,000 points in a day with these big swings I will say this sometime in this cycle whatever it happens to be we're going to see a day with the Dow Jones down more than 1,500 points and that's not going to be a lot because the most we've had it in any one day down was 900 points if you remember a couple weeks ago so what history does it's it repeats itself but not in the same ratio and proportion it will be 900 times 1,618 and that takes you to 1,500 and defy human nature go prove it to yourself and you'll see it over and over again that's just how the old market works and sometimes it works better than you might think it does but it's out there to glean as much money of yours that they can so the secret is like I say many times here it's not how much money you make it's how much money you don't lose and that's the thing that you want to really be focusing on as you look at this the overall picture in gold folks I wanted to bring this to your attention here because if gee whiz I have a new gold chart if I can just find the doggone thing Larry guess what Billy Ray Valentine Capricorn here's what I think is happening to gold with a very very high probability here folks let's get this up here you'll be able to see it here this is the daily chart over the past several months you'll notice that we just made the 78% level up there in 1852 we're now trading down below 17 where I think the last I saw was 1785 but that sets up a 1727 folks we're only 60 bucks away we've gone that much in three days we could easily be there why Wednesday or Thursday or you could you know sometime next week we could be at 1725 and that's going to be at ABCD taking out the lows of October oh my goodness Christmas day and not only that it's going to be equal to the move down that we had from the 15th of October down into the 15th of December 15th of November down to the 15th of November down to the low of December 15 30 days down so if you take the 25th that would get you down to hopefully you'd like to see that around the 23rd or 24th of February you'd like to see it trading right around 1725 1718 in a very very quiet market hopefully with an ABCD in between bada bing bada boom mother god country you light up the boat filling up with the gold coins and let it rip but that's what you'd like to see because you've washed out everybody on the long side now you want to get him down here to where you'd like to be a buyer right around 1725 to 1718 so that's the program that I'm looking at and that's what I'm sticking to it the only thing that will change my mind is that if we hold 1775 here next week and then start to rally that's the 78% level I don't think we will but if it does I'll be looking possibly to put a buy on there at 1775 because that's an exact 786 off the low December 13th folks this is not hard stuff I mean you look at ABCD and look at a few ratios this is not rocket science so that's the main thing of what we're what we're looking at with these things so hopefully that's something that you can hang your hat on we've got any questions coming in Al says it's impossible to get through today so don't even try to send your questions in folks or to call in because it's just not fair Bob you're right options are the best thing to do if you learn to do options unfortunately I've never done options at the number of times I've traded an option is very very rare but if you learn to be an options trader with this type of information that you're given here at TFNN you will be a winner because if you learn to be an option seller you've got the odds in your favor 85% folks 85% of the people that write options make money 15% of the people that buy calls and puts lose money gee that's really a tough one to figure out of course sometimes it puts and calls work out really good but boy your timing better be impeccable impeccable because if it's not and if it's not they're going to be teaching you a really really sad lesson here so remind ourselves of that okay anyway I do suggest people that starting in the business to start with the options because that's the easiest way to go you can't get hurt if you're writing options you know knowing how to protect yourself on the other side that that's really the way to really the way to move this someone asked me would I be a buyer of Apple folks I don't buy stocks but Apple made a beautiful number down there that just go look at the chart it made the exact 61% retracement I'll just bring it up here so you can see it here and of course I had a heck of a good rally here but three days ago it made a beautiful 61% retracement at $155 we're trading $10 at least $10 higher at $165 I saw a little while ago so that that's already completed that that move from that so let's take a little break eight seven seven nine two seven six six four eight sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice 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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 target first mortgage the target first mortgage program may be just the program for you the target first mortgage program pays 7% per year paid monthly for more information you can call 877-518-9190 okay folks here is the chart of the Treasury bonds holding up extremely well here given the fact that the Federal Reserve came out and said we're going to raise rates and they're going to continue raising rates which they do but this market's been very oversold it's just reversing some of that right now we'll get a nice rally probably up to that 159 level would be a great short again but that's something we want to pay attention to now Shane Smollion has just reminded me that next month actually it'll be on Tuesday we start the year the tiger with the new moon and folks if you want to see a beautiful new moon forming go out tonight or early in the morning and look at this beautiful beautiful moon it's just getting ready to move to almost total darkness but we can see the you can see the outline of the earth I mean it's just absolutely incredible so anyway this is going to be really exciting and we do have that new moon coming in which will be the year of the tiger for Tiger Financial News Network and we're going to see more volatility next year this year that we did all last year and you can already see what's going on now you know 500 up thousand down 500 up I mean drive anybody nuts unless your pattern recognition swing trader then you get a little bit of advantage on your side but not all the time by the way on that crude oil folks if we close above 89 I would I wouldn't even touch it because you know we had a nice pattern up there the timing was perfect for today it's had a dollar a barrel break and as long as it doesn't go back and make new high the risk would be very small there and we would wait until over the weekend and Monday to take a look at it because you don't want to risk anything at that level the same thing in the soybean oil market it would be the same thing if that thing gets above that 65 90 level 66 there's something certainly wrong with excuse me that 60 if it gets above that 66 50 level there's certainly something wrong in the oil but there's a weather market going on in there folks so unless you're an experienced trader you know don't even bother to touch it it's just too wild just my opinion folks today's close is where it goes if it closes good we go up if it closes bad we go down see you on the flip side Monday folks J.C. Parrots all start charts will be our guests may god bless