 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 folks I lost data from seven o'clock till nine o'clock this morning just got it back about 45 minutes ago I wanted to show you why I think it's important why the bonds are where they are because with the notes excuse me with the two-year The two-year notes going into new low ground in other words They hit six point one nine percent this should have the threat the 30 year bond should have made new lows It did not it only went a little below the 78 percent level which comes in at 110 now Remember this goes back over the last three months. Okay now you can see here I just want you to follow through how the market follows the usual trend here There was the last time we had a rally right over here. You can see that rally right there It repeated itself right here. Okay, and it repeated itself right here This is the third time that it's repeated So this usually means we're probably getting ready to rally the fact that this couldn't go down and make new lows With the two-year note going to six point one nine percent That should have been enough to scare anybody and that's why the stock market was hit so badly at the very beginning And then came back like a rocket ship, you know, that's that's really what you were looking at the s&p this morning Well, we'll do the s&p in just a minute But we'll we'll don't get around too much because I want to look at the ten-year note I haven't been able to see that this morning because of lack of data and let's just get that ten-year note up here And there it is right now. We'll just get up here and see if we made new law See the ten-year note did make new lows. Ha ha ha. Let's double-check. There's the weekly. So let's get down here to the daily That could be a very interesting one here. There's a note the notes didn't make a new low either You see this we did not make new lows and we should have with the ten-year note doing what it did And look we made that long-term twice objective. So we're in the ballpark But we're not very far from making new lows now You see you're only six pips away from making a new low and that that is not a very good thing to pay attention to Okay. All right now Let's move on here and we're gonna jump around here just a little bit to show you some of these patterns that we look At here each day Whether they mean much or not during the day some sometimes they work better than they do But let's take a look here at the e-mini here s and p. There's where we are This is what we've done so far since the bottom was made. I want to get this up here. There's your a bcd pattern measured up here to 44 2275 the high was 42 23 and now we're down a little bit from that level, but if we go down to a Say a smaller time frame. You're gonna see that today's low Look at today's low folks right there It's almost exactly at the 61 percent retracement in the market just took off like a stripe of deer And that's exactly what it's done. Actually it didn't do Too much different than what we usually expect and there's your a bcd pattern right here And that one also measures to well that measured to 4425 I measured it on this smaller one because I happened to be following it after it took off so strongly So that's what we're watching here in the e-mini S&p now, okay now Let's move over to a couple things that we talked about yesterday that I think are important This is this crude oil if you remember here in the crude oil. Let's get this up here So if your memory serves you correctly, I think you'll be okay. By the way, those of you that pray Please do something for me special, okay? I got a really good friend that is in the hospital and the doctor doesn't think he's got much time left and of course Doctors are wrong occasionally, but please say some prayers for my friend, okay? he is a wonderful person a great man and God, he's gonna be missed if something happens to him anyway This is what we were looking at yesterday Remember we were looking for this 382 to be hit now this missed the 382 by six pips folks $60 and from there it ran $1,500 up and hit the exact 61% retracement Which we suggested that if that was going to happen Let's just blow it up so we can see it just a little bit better here here in the realms of thinker there is a There's the the the mile or comes up to the 382 382 then it backs off and then what does it do? Yes, Johnny. Yes, Johnny. We see it makes an a Bcd Right up here to the exact 61% retracement now if you shaded it by a five or six pips You probably would have gotten filled but if you didn't then you probably wouldn't have gotten filled But when you got to that level right here, and then you made it the number down here look what happened you make an a Bcd again, and there it comes down right to this level now miss the a bcd by just a hair Let's see how much it missed it by and I will be happy to draw that in for you. There's your a b leg There's your cd leg, and it misses it by whoops misses it by more than a hair. It misses it by Two billy goats and a and a donkey It's 60 misses by 36 pips so mixes it by $360 and now we're having to rally back now This is why this is why you've got to keep following through on these things because if you've made a new low here, okay? Now you're in a downtrend you see so this 382 if it comes in would be very very important So we're going to measure it from the high down to your low and It comes in right there. We just hit it just a little while ago at 86 62 misses it by one tick So keep an eye on that because if it gets there and remember this has taken several hours to make this So it's a valid. It's a valid rally. There's no question about it. It's a very substantial Rally, so that's what we're watching as we break these down in today to see how these things are moving around Okay, now another one that we were watching and switch again because we've got too much to cover here today No guests. So here is that natural gas if you remember We said pay close attention to the natural gas Because we got a chance if we go back here to the last low Which was way back here is to make that 382 retracement that comes in right about here at 05 and if we roll it from the high down to the low You'll see we hit it once Okay, then we rallied a little bit and came back and hit it again. The low here was 3 so this is telling you that this is pretty much a pretty good valid signal in here So I was looking to be a buyer here at 305. It's a 306 70 right now The good part about this is you only have to risk three bucks it gets below three You don't want to have anything to do with it. So that's a that's a good part of looking at it The trend is certainly in an uptrend. Okay, this looks just like that S&P chart We just looked at had the big move and then the pullback. So that's what I'm watching here in the natural gas Now these are the ones we looked at yesterday Because I think it's important that we review these that work and the reviews that one that don't work Now let's see one here that actually did work and first I've got to do is to get the things straightened out here This is the gold market. This is one we sent out last night We said to be a seller up here at 1941 that was your abcd. You had to risk eight dollars The market broke down a thousand bucks then made us look at this my goodness. You talk about good volatility Holy cow, then it comes all the way down and dropped a thousand bucks. Okay And then it rallied up and then came down and went right back up and look what it did folks Yes, johnny. We all see it. It's nothing more than our old friend ab equals cd up there at 43 1943 with the high 1944 now looks like we're heading down. We're going to take a little break here folks eight seven seven nine two seven six six four eight Steve road 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 it number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk free today tfnn educating investors Are you ready to take your trading to the next level introducing tom o'brien's award-winning newsletter market insights your key to successful Active trading tom o'brien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted Stay ahead of the game tom's real-time analysis and trade recommendations delivered straight 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 thousands of traders Who have already experienced the power of tom o'brien's award-winning newsletter market insights firsthand dfnn educating investors Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out teddy keg stats tiger forex report Teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30 year t bonds as they both influence forex markets tremendously When you sign up for the tiger forex report, you also gain instant access to teddy's 60 minute webinar archive He just hosted forex strategies and fundamentals What is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today Visit the front page of tfnn.com tfnn educating investors Well now toll free at 1 877 927 6648 internationally at 727 873 7618 Hey folks, what i've done here is i put up the my uh What i call my portfolio page of what i'm watching for today with gold E-mini s and p treasury bonds euro And then the natural gas crude oil the dow Jones e-mini sometimes i mean i change that back and also the nasdaq I did not Put up the the the soybean thing, but we're going to take a look at soybeans right now if you remember we were trying to We had a real nice pattern setting up in treasury in soybeans and november beans Get these up here. There they are right here And we'll just do a 30 minute and see where we are Well, it looks like it did something right. There you go. Here's what we were watching for And as you can see we had the big run up and we said watch for the abcd That came in uh Yesterday, uh, actually have actually came in on friday. There's your abcd pattern right here. You have the nice little pullback Right in this area right here. That was us very small very small gartly Let's just blow it up so we can see it a little better And if we draw that in from your high Up to your low and then back here Oops get this down here. Oh shucks. Let me get this thing. See how close it was to the exact 618 anyway and Oh my goodness. Look at hit it exactly at 12 79 and we went all the way up to 13 bucks. So that's that's been acting, uh, you know relatively well So that's the one that we were watching closely yesterday Did have some action. Now. These are ones that I try to send out in the In the videos that I send out each day folks. So see what I what I do here folks is I look at basically You know the abcd is a structure that I look at then I've got a little bit of Fibonacci numbers in here that I look at Okay, that's my second my second line of defense So the whole thing that I have That the only advantage that I have the only advantage that I have is belief in the system that I'm dealing with Which is abcd and a little bit of Fibonacci Folks, I've not found anything too much different better than this It certainly beats most of the oscillator programs. I've ever seen My do I miss a lot? Yes. Do I have losses? Absolutely. Do I have a string of losses? But I also have strings of profits So that's all I I believe in this system because I know that it works Is it easy to understand? Yeah, if you spend some time learning it But the problem is most people are a little bit lazy and they don't they're they're not interested in learning that So all I want to do now is just to take a quick look here What's happening to soybeans here because we had this movement and we should have an abcd move Take us up to this level right here. There's where we should get to there's your ab leg cda leg right there That should take us up another 17 cents higher from where we are right now But because we didn't get any higher than that And we've sold off just a tiny bit I want to see if this was something very important The only way I can see that is to go down to the hourly chart So I put it up and by golly is not much there. You can see it still looks like we looks like we want to go higher Okay, so that's what it looks like to me. We still hit it higher Now we're going to move it up a little bit more and send it back here So we get another piece of data right in here Now we can go back for the last several weeks going back into uh late september And we can see if this number right here because this was a big abcd Is important to this now just looking at this tells me it's probably exactly at the 78 percent level And look at that. There's the high folks. I didn't do this ahead of time. I just did this There's your 78 percent level right here 1302. That's a 78 percent of that move right here So that's uh what I'd be watching very very close. I didn't sell short there In fact, I didn't even buy them down here. I was busy doing something else and then today I had no data for two hours, which wouldn't have any effect on this But that's that's neither here nor there the one I did what I was able to do was the treasury bonds And unfortunately I was the one that put the stop in here at the 600 level and uh And got out of it But fortunately I had a couple other things that gold was working good and the crude oil was working very good So all of those were making it nice to uh, you know to have a little bit of money in the pocket today for as what we're watching here So that's what I'm watching right here In this now I really think that this is a major bottom because if you remember Looking at this on the daily we talked about this before This a major bottom in here all we did was make the 78 percent level of this number right here. That's just what we've done Okay, it's taken three four days to do it. So watch the pullback We're going to get a little pullback most probably in here unless we go popping above 1303 And then we'll probably uh keep going but right now that's what it's looking like here In the soybean. So those are the ones that I'm looking at. Now, let's switch over gears here a little bit and Let's take a look at this e-mini s and p because we've now come down 17 handles From behind the first thing I would be watching here. Let's get this up on a really shorter time frame so we can see it Really clearly there it is right there. You see the last correction that we had here was only, uh, you know It was only what 10 cents eight cents and it wasn't even 3a2 But it wasn't a bcd because of the time You see this is took a half an hour 10 bars to make that little retracement here that made the a bcd That's validated that so what we have to do now Yes, johnny. I know we have to look at what the 3a2 is going to be of this whole range of the day Because if we start breaking below that 3a2 which is at 4400 even we're at 4406 if we start getting below here Uh-oh, then there's a possibility of trouble trouble in river city But if we don't then that means we've got a chance here This could be a pretty significant bottom now looking at a micro mini trade and I don't like micro minis This is a just a three minute, but you can see we've had a small a bcd pattern forming right now In fact, it's in the process of coming in right here at 40 4403 The three we're going to call this 4401 is a 3a2 So folks you just put your circle around this right here because we start going below here Be careful because uh, you know, we're going to be probably going to go down a whole lot But there's your a bcd coming in between well, we're almost there We're at 4403 and then a little bit below this then they'll tell us that oh, maybe this is not moving now This is what i'm doing when i'm micromanaging this folks. See this is a contract that's worth 200 thousand dollars And I can trade it for 300 dollars, you know six cents, you know that that's that's what risk risk reward is You know that that you you got a really good risk and a heck of a good reward if it happens to be right But you don't know which ones are going to be right well I know but I can't tell everybody because in no, it's a joke, but I nobody knows that I mean you just all you try to do is put the odds in your favor. Okay, that's really what you're trying to do here So that's mainly what we're watching here With that particular one Right now we're going to get back to these currencies here in just a moment But what I what i'm watching here is i'm watching these treasury bonds because I think they've got a chance And i'm watching to see if I can get another chance to buy them back here At a very reasonable price. You see the 382 did not hold here with the bond So that tells me they're probably going to take another gander at 109 31 And remember the treasury notes almost made new lows. So with that 6.1 percent Handled in the 2 percent in the a two-year note That you talk about being scared running scared and loving it That's what you got to be having to do when you're trading is have your stop in and making sure that you Protect yourself on the downside at all times eight seven seven nine two seven six six four eight The gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report Tom o'brien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xa u hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee. So you have nothing to risk Subscribe to tom o'brien's gold report newsletter now At tfnn.com Everything in the universe is governed by the fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork To patterns in the stock market to stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com 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 Expect notifications from larry on market movement. You need to act on at any time 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 Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors 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 and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be educating investors Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv That's tfnn.com then hit watch tiger tv Okay, folks. I've had a couple questions about the euro. This is the hourly chart of the euro. Okay, we talked about Uh, oh, we've got this someone's at the front door just a minute See who's calling in here and we've got mike from Niagara Falls, uh, new york, uh, mike What can I do for you my friend? Hi, thanks for taking my call there larry. Uh, good to hear your voice What's left of it? Uh on your show, but I'd like you to take a look at the vixx. It's an appropriate time I think that's put on uh protection And I'd like you to post the daily versus the weekly chart, please You know what my friend, I don't even know if I still have that on here. Let me what's a symbol. Do you remember? It's a vx something or what? vix maybe i've got it. I don't know. Let me see Uh uv Nope, I don't have it, but I'll you know, I don't know if that's the right one in this thing or not But I'll let me try it vix one one one second vix And why don't you get involved a little bit? Well that I don't know we're going to try if that's it. Let's see if that's anything No, it's wrong. I don't have that mike. I'm sorry, but I just don't have the vixx I you know, I look at it occasionally, but I don't trade it so it's not involved in it But I do believe protection is warranted in here Because of the fact that we're we're over something very very sinister just by looking what's happening to treasury bonds and treasury notes Because what what could happen mike? You could come in some morning and you'd say oh Why didn't I take protection? Do you know what I mean in the words of cats out of the bag? And uh, you know like rockets red glare coming over from iran something like that or russia some crazy thing, you know North korea could be anything. Yeah, it could be anything, but I recommend do you actually look at black swan scenario Because you know you look at your chart. Okay, and it's an exact replay of 1987 It's close not not not quite like 1987 because the the top in 87 was made in august Okay, and then the secondary high came in october This thing this thing topped a year and a half ago back in you know, just january of 2022 here We are you know, october of 2023. So that chart pattern is not the same It has it has characteristics of you know smaller rallies all the time like we had during that time But other than that, I don't see any any relationship Uh, to that at all. I I really don't see that I I bicker to I bicker with you on that because in october Seven They had uh, like a wilson war with iraq. Okay, and iran iraq war Versailles the americans got involved and there were missiles being fired and uh Based back cost of the october crash that triggered it Wait a minute. No, no, no, no that october crash of 1987 was triggered by secretary of Treasury baker when he came out of a meeting in in japan where he said we just can't make an agreement with these folks and boom That was it the the game was out and the dollar Took off like a rocket gold was up the limit and you saw what if we dropped wheel 300 lower In the dow jones, which was a huge amount being down 500 on the day No, there was there was no war at that time. No that was related to secretary baker Um, because I remember he called me about 20 minutes before he got on the line to tell me to get short. That's a joke, right? But he called more douglas 25 minutes Probably so probably so anyway, that that's what we're looking at here. Okay, buddy All right, thanks for calling in mike. I appreciate it. Oh, by the way, mike How is your new president over there in uh, poland mr. Tusk? Is he a pretty good guy? Oh, he's already hung up. Sorry. We missed that. Let's get up here. See if we've got Okay, okay, there we go. All right, we'd get back up here talk a little bit Let's get back to this year old a question someone had and that is you know when you look at this chart How do you find the abcd? You've got to go what really happened in the market folks So here's what you look at so you had the bottom right here then the market rally up had this big sell-off You see that so that's your first. There's your abcd. That's your first one right here So there's your first abcd. There's your ab leg There's your cd leg that tells you you should get up into this area right here But then you have another one you see you make a higher high and then you make a higher low So you've got to count that abcd. So you go to that one. There's your low There's your high and where does that do that takes you up to the area We missed it by just missed it by more than we thought there was your 61 percent retracement So we didn't get it and then there's others you can see the other abcds as we start moving higher I just want to draw them in because remember this is an hourly chart So this can take a whole day sometimes to form these so there's another abcd pattern Right there and then we have another abcd pattern Right behind it right here and that takes us up to pretty close where we're supposed to be We come within about 10 pips of where the high was and looks look where we are now folks We had a nice little move down. Let's just move this over you can see where we went Because our our retracement we're going to get these out so you can see mathematics and geometry in the whole nine yards There's your low There's your high We went a little below the 618 not unusual, but how did we do it? A really nice abcd pattern right here And then the market rallied back up And where did it go to it went right up to guess what little above the 618 retracement But here again look what it did just like you did here abcd. Remember this took almost the whole day folks Yes, you're talking these are hourly so that took 12 hours this one took a little bit more than that What did it do? It did nothing more just blow it up so we can see it nice and clear abcd There's your 61 percent retracement And that's what you're doing is when you're trying to Figure out what they're lost or you know what these swings are going to be now on this particular one I would have been selling here at this which I was at this 105 83 level And because you know, I don't know this is going to stop or whatever I don't know that but all I have to do is put my stop above here So my stop here is 20 20 25 pips, which is 250 dollars And now I know where exactly where I am my stop is above here now So that that's what I'm doing is I'm watching these things And watching because when you see these big swings that you have sometimes You've got to go in and break them down to see what your abcd is but always remember you're focusing on Those numbers that we deal with 618 786 those are contracting numbers 1.27 1.618 are expanding numbers. That's what we're paying a close attention to and you notice here What we did here in the old stop and p we were just talking about it Look what happened folks trouble in river city. You see how we quickly went through that? That tells you there's something wrong here So be really careful what I would do now What I would do now and what I will do look at the gold coming down Oh shut the front door and raise the right. We like to see that Okay, there's where we're here's where we are right now is we're taking a look at this We went below our number right here. We broke below the 382 by quite a bit We've come down more than 25 handles already So just by some stretch of the imagination if you get a 382 rally here Which would take you back to the 07 level pay attention to that one because that's going to be a possible spot Or you might be able to get short. Okay, and put your stop, you know right above this You got a risk There's no way you can trade the scp for less than 10 12 points now folks because this is a $220,000 contract So I mean to me to move, uh, you know 500 bucks is uh, it's a heartbeat. Well, look at this There's a heartbeat right there 500 bucks just right there in just a matter of 12 minutes So let's take a break here eight seven seven nine two seven six six four eight You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basil Chapman creator of the trading methodology known as the Chapman wave The Chapman wave up down sequence gives you an edge in identifying price turns Finding the peaks and valleys and stock prices get the opening call newsletter by basil Chapman 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 Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter market insights your key to successful active trading Tom O'Brien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted Stay ahead of the game with tom's real-time analysis and trade recommendations delivered straight to your inbox Whether you're a 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 and 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 8664767523 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 principle 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 and tsx under the symbol vgz Bring up the chart of nvidia folks. Believe me Uh, this is the first time i've looked in an nvidia chart in three weeks or so And i'm really good In in retrospect of how to look at things. Okay, but i wanted to show you this particular pattern There's your nvidia. You can see the three. Hi. There's your drive one There's your drive two. There's your drive three. We looked at the high to high high to high. That was correct That gave you the high now. Look you came down. You dropped a hundred dollars But i want you to look at this closely here folks Because if you were just looking at this and not paying your close attention and not looking at all the patterns We're just going to get rid of everything. Okay, we're going to get it like this Just like this and look at it because what you're seeing here is an absolute 100 textbook of a head and shoulders pattern There's your left shoulder There's your head. There's your right shoulder if you go and draw your numbers down like this You're going to see that the right shoulder is going to be equal. There's your right shoulder This one's a little bit lower. It's what you'd like to see you can see the time Between the high and the low and the high right here absolute perfect here head and shoulders pattern and then if you looked at this even closer And just remember that i'm doing this Because i've already seen what's happened. I don't trade stocks anyway But this is no difference whether it was pork bellies which don't trade anymore But there's your abcd right there. Okay, that's your that's your right shoulder Okay, now look what happened today folks. Look at our low today was here at 17 25 This is why the nasdaq probably took off like a stripe of deer I'll bet you it went right to the 78 level. Let's just double check Look at that right on the money for four. Do you think these guys at the What do you call these algorithmic dudes don't understand this stuff? Look at that 424 right on the money. We've had a nice rally We'll go down to a smaller time frame and we're going to see where rally two So there's our rally so far. All right now All we're going to do now is we're going to go back and look at the high that we made back here at 478 And we're going to see what that was from the high down to the low There the 382 comes in here at At 445 and high has been a 448. We're trading at 440 right now So that's what I'm looking at when I'm watching these numbers and stuff like that and I've asked Been asked here. We're down here. Here's the moment of truth folks Where the where the where the bends the bonds are going to play Playhouse or not be nice. So we're right at the 61 percent retracement here in the bonds at 109 we just hit 110 So if you're you looking to buy them like I did at 110 I'm not going to risk more than seven ticks on this. That's two hundred and ten dollars That's on the contract. It's worth a hundred thousand hundred and ten thousand, okay So I'm risking very very small amount. I remember I tried it here Where did I try to or I tried it right here and I lost on that one And now I'm going to try it again to see if it's going to work right here So I just got filled right there. There's 110. That's it. So my stop is going to be right here And we'll keep the old beeper in so if we get hit we'll just move it down just a little bit lower Oh, it's got to get down to right. Oh, that's at the right spot Huh got a stop. It's got to be right below the 786. You can't beat that. That's what you'll This is like a broken drum trade a broken drum trade folks. It's like a broken drum You can't beat it. You're buying here at 101 10 and your stop is at 109 24 seven tick rally a seven tick What do you call it risk and that's what you're paying close attention to Here today. All right now Let's move on to some other stock that someone just asked me about just a little while ago Get this up here. That's going to be golden. You know, whatever hold on one second Here's golden sacks and we'll bring it up here. We'll take a quick look. It's been under a great deal of pressure And uh, because they've had a lot of trouble with earnings and everything else You can see this is a really weak stocks folks Look at this the rest of the market rallies like crazy This can't even make a three eight two retracement and it's taken 10 days to do it. This is not a good sign For golden sacks as a matter of fact watch this one closely Because if by some stretch of the imagination you get a nice little A b c d up to, you know, what there's your three eight two right here 19 319 321 is a number so Watch that that that tells you that this is not a very very good stock right now. I'm long term It's probably great, but I'm just looking at a short term time frame here. It looks like it's got some problems Okay, that's the main thing that you want to keep a line. Everybody keeps asking me about tesla I know very little about it. I talked to elan all the time, you know, he checks with me On some of the ideas that I have for space x and artificial intelligence. I'm his I'm his go-to guy Most of you folks don't know that but uh, that's my medication kicking in Let's get up here and we'll take a look at tesla starts with a k or a t A t q r s t tesla. There it is right here. Hold on right here. It's amazing What oh, see it's actually holding up relatively good here folks. Here's tesla today. We are holding up relatively well It's up on the day. The last little pullback. Let's just go down to an hourly chart so we can see where we are There's our pullback stopped right at the 61 retracement today It's what you'd like to see it do And as long as we can stay above that number right there looks pretty good That's a 247. So it's six bucks above that Acting pretty good. The only negative to this today is the fact that the rally back Went just a tiny bit above the 382, which means it's still It's still not out of the woods yet. There's your 382 right here at 256 You want to see it close above 258? That's what you'd like to see it See it to do. So remember this is an hourly chart But if you look at the abcd he's going through that same sequence that we just did for those of you that are New to abcd just want to walk you through it. There's your first abcd is right here. There's abcd There's your first one. Then you got another one right here abcd right there There's another one right there. And then you start the sequence down And we stopped right where we should have folks major. This is off the low from september 22nd Not 27th. If we go below that, uh-oh not good not good. So keep that in mind very very important Okay, uh from a standpoint of pattern recognition swing trading. It's important And finally we had one other stock that people are asking me about which is walmart I think that's w. Uh, no, that's walgreens wmt. I believe is walmart, isn't it? Yeah, here's walmart right here. This has been a pretty good stock And it's still looking good looking good. Billy ray feeling good. Look at this There's where we had a low here just the other day here and look at the rally back here We're having a really oh be careful here Uh-oh be careful boys and girls. Let's look at this one. This we've got to take some time Let's get rid of everything because we want to be watching delete it all. Okay, here's our Left shoulder. There's our right shoulder, right? Remember, this is a daily. So pay attention to this We want to see just draw our line across the top here because if it's at the same price Or lower, that's where we are. There it is right there. I haven't taken out the previous days high yet So looking at this We're a little above the 618 but we have a head and shoulders pattern here folks It is flat a head and shoulders as your left shoulder Head right shoulder. So that's where we are. We get above 163 It's on its way. But if less we get above that, you know, where it looks like we're getting ready to back off here In this this is a very very see your left shoulder and your right shoulder Your right shoulder should be lower than your left shoulder. That was a formula out of andrew lo's book You know non-random walk down wall street and the distance between your High, it's going to be your left shoulder And the high and the right shoulder should be very similar, which you can see they are so That's what we're looking at. 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We've got a request from george in massachusetts to run over the gold This is just a 13 minute. This is where we were on sunday night when we hit uh 1946 Remember, we said look for the 382 retracement There it is right there. That was a 382 offer this low right here. Let's just draw that in And you'll be able to see it was pretty much absolutely spot on right there At 21 then we made the abcd here today. There's the abcd whoa There's your abcd. There's your small abcd right in here. The high was 44. The number was 41 We're now trading at 32 So what we want to be watching for now if this is correct And if this is correct, we should be looking for a really nice abcd pattern here either today tomorrow or the next day may be based on something like uh Pieces in the middle east or something like that what I don't know. I'm just making that app I don't know what I know. Anyway 1918 folks years the world war one started. No, that was the second year Anyway, that's the price objective on this would be 1918 taking out the 382 Maybe it makes a double bottom down here. I don't know but that would be Whatever you're looking at if you sold it there at 41 your stop now would be at break even You don't want to risk any any any nine dollar rally here after you've made eight dollars, you know That's a really smart thinking I would think anyway. So that's what I'd be watching here in the gold Remember looking at this on the long term weekly folks We've had that big run up. Okay. There was our 50 percent retracement right here. We already talked about in the video So watch this pullback. This is going to be 1918. This is the number you want to be watching is 1918 It's going to be the first abcd swing on the downside That's where it'll be is right down there at 1918. So That's what we're looking at here from the cheap seats here in Tucson, arizona live every day in an attitude of gratitude And may god bless and keep those rosary beads working today folks. We need lots of prayers over here May god bless building well