 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, Larry Pezzavento here for TFNN. We're going to be talking about this trade here that we have working today in November soybeans. We were looking to buy them at 1157 today for so many reasons. So we've got all the ABCDs coming down in here. The number of the 1.618 expansion came in here. We shaded it by here a tick or two, but we said to buy it 1157 with a stop at 1146. And if it closes above 1156 and doesn't go crashing down tomorrow, we're going to raise our stop a little bit, but look what it has. It got multiple ABCDs. You can see them, everything expanding here. Remember, this is over since the beginning of the month. So this is pretty good. So this is what you wait for. Sometimes they work, sometimes they don't. You know, that's basically the bottom line. I'm going to talk a little bit about, and we'll talk as much as I can about my good friend Jim. I met 20 men in 1964 when I moved to California for the first, well, it was the second time. And I was started working for Lily then. And he was one of the brokers at the Clayton brokerage office there in the Howard Hughes building right there at the corner of Wilshire Boulevard and little Santa Monica. And we would, you know, have a, you know, a nice little group there. Howard Hughes would land his helicopter on the thing when he was going over to the hospital there at UCLA or to some of his other oil companies that he has. But that's where he was. That's where it was. One of the largest buildings in LA at the time, it was 20 stories. And Clayton brokerage had the bottom floor. It was owned by Roy Longstreet, the great trader. He wrote the book, few points of a commodity trader. His son Bill happened to be good friends. But Jim was one of the major brokers there along with Roy Fassel, who was the manager of the office. Well, what happened was in 68, Conti Commodity opened the office across the street in a 22 story building called the McCulloch Oil Building owned by Armand Hammer. And that's when they had the top floor of big room and they moved over and Jim went with Roy to become a broker and he brought with him two of his best accounts. One was named Rick Barnes and the other one was named Mike Marcus. Both of Mike Marcus worked for Commodity Corporation and Rick Barnes was just a regular broker who had made it big in soybeans. And so he moved over there. And then later he became the broker that Bruce Covener picked to everybody knows in currencies. He became Jim's broker and of course Jim got really busy from that time up until, well, he was busy all the time but so many things happened. I mean, I can't tell you all of them because it'd take too much of time but just give you a history of how close he was to some of these folks out here. Jay Cross, who was the first programmer for Commodity Corporation he had gone to school at USC and he was from Mississippi and his roommate at SC was none other than Speaker of the House Trent Lott and he's been a friend until Jay passed away. Jay died on the day that he had the OJ Chase. I don't remember, it was in June of 1994. So it could have been 1995. Don't ask me to take a cognitive test because I'm not going to do it. But anyway, we did a lot of that stuff. Jim was involved with a nice young lady from the Beverly Hills area and Margo Grant and she was in charge of catering at the Milken Institute or the Drexel Burnham office. It was on the corner of Wilshire and Rodeo and they had a Commodity Department on the bottom floor. That's where I worked and stocks, of course. There were 22 brokers down there and the other three floors were all Milken's people. Milken owned the building because he had made so much during 1975. He made more money than McDonald's. Milken did personally because of junkbots. I wonder how that was done? Read the book, The Den of Thieves by James Stewart. Stewart's on a guest on CNBC all the time. So that's something you don't have to worry about. But I heard this morning I got news from his girlfriend that Jimmy passed away this morning in front of his machine. I might be getting a phone call here pretty soon for America because I haven't had a chance to talk to her too much and I want to get some more information about, you know, but he did so much when we were at Drexel. In fact, I got so busy at Drexel in 1978 I asked him to come over and work as a broker and he liked being close to Margo because she was in the building all the time. Plus he liked the clientele that I had. We had all kinds of Dodgers and Rams and Lakers were our customers and stuff. And he was a big fan of Jerry West and he happened to be in the office quite a bit. And so he would come by and chat with us and it was just really a different lifestyle for us. And so he worked together with me until 1979 and then he went back to work for Commodity Corporation. He stayed with them for about 15 years. Jim is the person that has studied grant. What's it do? It's name I'm trying to think of. Just a minute boys and girls are going to have to take that because that cognitive test here just a minute. Oh, dear. Isn't it amazing how something was slipping away from that? I guess you folks will have to get ready that WD grant. There you go, Larry, try to get it right. Okay, it was WD grant. And hold on, I got to refresh this. I want to make sure these things are updating pretty much what we are looking at here because we're making new lows as we speak here in these November beans. But keep your stop in. Don't worry about it if it doesn't work. But when Jimmy was there, he was really involved with this stuff and at the investment center bookstore that Dan Mark, Dan Mack owned. They had an office there for, what was his name? Jerry? Oh, there's another one here. I'll remember just a second. He was a pharmacist from SC and he was big with GAN stuff. And Jimmy wanted to go over there and study. So I made an arrangement with Drexel. I said, look, we're going to pay him for those six months for research and we were making a lot of money. So we paid him during those six months. He went over there and he studied. I mean, he studied and studied. He ended up being over a year that he did it. And he did little brokerage stuff in between, but that was his main job. And we studied everything. We found out that GAN had three children. There was a dentist and a bond broker for Dean Witter and a daughter. The daughter wouldn't talk to us at all. She just didn't want to have anything to do with her father. The two boys said their father was basically a workaholic. He worked up on the third floor of their house there in West Palm Beach. He traveled some to Egypt and to Europe and stuff like that. Never with his family. They didn't take vacations together. He owned a fishing boat, a yacht that was called the Coffee Bean. And when he died, he left in a state of about $250,000 in liquid assets, plus a few intangible assets that had a value, but were not involved in the will. So he didn't leave anywhere like $50 million or anything like that. Twenty-one specialty was Numbers. He was one of the founders or the guy that built the trading thing for CQG. Not the trading thing, but the chart system. Jimmy was involved with getting the data and making sure that the data was clean and pure. And if you've ever had a bad tip, you know how important that was. You never had a bad tip. The 20-man's data. That was his major thing, along with a lot of others. We're going to be right back. 877-927-6648 in honor of JT. 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. 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 seasoned 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. 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Check out the Tiger's Den for just $1, and follow us on YouTube and become part of our vibrant community. And remember, at TFNN, we're so confident in the value we provide that we are for a 30-day money-back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk, so why wait? Tune in live to Tiger TV and transform your trading journey, because when you know better, you invest better. Join us and experience the difference today. TFNN Educating Investors. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. Talk about this market. This is the Dow Jones. S&Ps pretty much the same. It went a little bit higher than the other one, but from the high to this low, it's 382 came in right here. And you'll see that was at basically $38,400. It got to $34,887, you know, $400 against you. But here's where the real 382 is. That's off of this high. So once it makes a low or low like this, you have to recalculate it, because there's your true 382 for the day comes in right here, just like we recalculated it right here. That was a 382, if you remember. Anyway, that's what we're watching here today right now. The market's just backing and filling. In fact, it hasn't broken below the previous low. We have a little three drive to a bottom pattern that happened right here. I'll just draw that one in so you folks can see it. And we're just taking, oh, that's not the one I wanted to use. Hold on a second here. One of my favorite memories of Jimmy was Jimmy really liked airplanes. And when we were at Drexel, he bought a four-seater Piper Cub and I don't like to fly in small planes, but he convinced me that he was living in Boise, Idaho at the time. This was in 79 when he left and he went up to work for Commodity Corporation and he bought this. He had bought the plane a year earlier. He was a very experienced pilot, but we went up there. And as we came into Provo, was it Provo? Yeah, Provo, I believe. Yeah, it was Provo. And it's in between the Wasatch Mountains and the winds get really bad. They always warn you. And so there was a storm coming in. And oh my God, I really thought that was it. I mean, I was praying the whole way, cussing at him for letting me take him on this thing. And finally, we were bobbing and weaving and bobbing and weaving and we finally got down and landed. And I got off the pouring down rain, soaking wet. I got on the ground and I kissed the ground and I say, I will never, ever get on a small plane again. And of course, when I went back, I flew Southwest because there's no way that I was going to go through that again. But he laughed about it. We joked about it for years. But man, I puked all over that airplane. He made me clean it up, which I should have, but boy, it wasn't much in my stomach anyway, which was good. But oh God, it was terrible. Another memory, they're coming quickly now. He liked to play blackjack and from the Drexel office to Las Vegas to Caesars Palace was about a two hour and 40 minute or less driving point. Of course, Jimmy had a Porsche or a Corvette, always one of those fancy cars. And he'd make it over there in about two hours and 20 minutes. He'd play blackjack and then we would come back, you know, back to work for me there in the morning. We got there at six and, you know, we worked only till 12 those days because bonds closed at 12. Bonds didn't come out till 76. But on one particular flight coming, drive coming back, we were at Barstow, California. It was about four in the morning and we stopped to take a little break and JT says to me, he says, do you see what I see? And I looked over there. I said, are you kidding me? I said, that's a UFO. And he says, you bet your life it is. It was a thing, really long, cylindrical cigar shaped. And I've got a host and I've got a call. See, they don't tell me how am I supposed to know this? No one rings the bell. Hold on just a second here. And we have a call from a question. How do you, how I selected the soybean contract? It's a question. Thank you very much. I got it. And we're going to take it right now. We're okay. The question is, why did I select the November soybeans? November soybeans are new crop soybeans, folks. And that means they're not even planted in the ground. The guys in Iowa, Illinois, Indiana, Arkansas, Mississippi, they're just now thinking about what they're supposed to be talking about. You see? So they don't even know what those are. So these are the ones that's going to have crop scares. And I've been in this business 62 years. I've never been in a year where we don't have at least one or two or three crop scares per year. Okay. So that's why I'm looking at November beans, because if it's right and we get it right, we got a chance to add contracts. In other words, pyramid to position. In other words, we're going to buy one or two here. And when the market comes back, we're going to buy one more. And then the next time we'll buy two more than we have five. Hopefully we get as many as 16 or 20. I've done this before. Sometimes it works. Sometimes it doesn't. But if it works, you're going to be risk free the whole way up because we're going to be adding with profits. Putting our stop in at break even. So we never have a nickel invert. Never have a nickel to be at risk. And that's the main reason. So I'll finish this. I hope that's a good question, Jeff. Thank you very much. So we drive. We're in Barstow. We're about five miles. We stop at Barstow for gas. And usually a couple of coffee or something because it's early in the morning. We get there in time for the open. We had a really nice shower and everything at the facility there was just like a hotel. So we had our clothes. We could get dressed up for work. We were there early so no one cared. So we go into the sheriff's office at Barstow and say, sir, sir, we've seen an unidentified flying object. He says to me, he says, wow. He says, really? And I said, yeah. He says, we really saw it. He says, get out of here. Go home. What do you mean go home? He says, we get that report every day. He says, they're here all the time. I said, where do they come from? He said, we don't know. He says, we know one thing. He says, they're not from this planet. This thing was so big. It looked like it was about two football, about a football field and a half away at blue and green lights around it. And it was just hovering there. No noise, folks. No wind, no nothing. Just hovering. You know, how do you get a thing that big? It was the size of a Boeing and poof went straight up just like a rocket ship. So that's why I always watch ancient aliens because I know they've been here because I've not seen them. Never saw one after that. But that's what we're looking at here. Okay. That's I've got the YM up here. Let's go back to those November beans since some people haven't interested. Let's where we had here. Hold me just a second. I got my sheets all missed up here. I've got it. I've got a cascade here for a minute, folks. Hold on here. Just one second. Window cascade. Okay. Now I got to get to November's. Here they are right here. They're still trading in this range right here. Okay. That's what we're looking at right here. Let's see. I'll have to refresh this because I think when I'm on the air here, I use a little bit. Well, we're still, we still haven't had the low has been so far 55 and a quarter. So we're only out 75 bucks right now. The risk on this is $10 right now, but I'll tighten it up. If we, if we do get a rally coming out of here, I'll certainly do that. Let me show you what I mean by, if this is correct and this is the bottom, this is what I want to do. Let me get this down here like this. Let's assume that we are here at 1055. Okay. See, beans got to 13 something. Now they're down at 11. So they dropped $2. Here's my game plan. We buy the first unit right here. Okay. The market comes back and it pulls back. As long as it pulls back and it's got to heaven, we buy another unit right here. Okay. We could buy another unit right here and we buy another unit right here based on the numbers that we're looking at. So for now you have two, four, eight. You could have 16 contracts right here and not have any risk at all. And then you hope for the big run. But once it goes down below this, you know, you'd have to have your stop right below here. Then you'd say, oh, you'd still come out with a nice profit. Because remember, you got three units here. You're up to, let's see, two, four, six, eight. You have eight contracts here. No, two, three, five, eight. You'd have eight contracts here. Okay. So you're at risk free. And then you got it made. If that's right. And hopefully you're going to see something where the market just goes, you know, straight up. And you know, that doesn't always happen. But in a crops gear, it's certainly good. We're going to take a little break. 877-976640. 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 XAU, 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. 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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. 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 Pezzavento 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. Hit watch Tiger TV. The Tiger Technician Hour with your host, Basil Chapman. Call now, toll-free at 1-877-927-6648. We're looking at the Dow of 65 at 38,338. When you think of what happened yesterday, this is really not that great, but most importantly, I did have a high Tringage Reading chapter. We've Tringage Reading. This is Richard Alms Tringage, but I just used two particular numbers on it. And it said that the S&P futures should have a rally within... I used to say two days. I'm now changing that after all these decades to say it's within one, within one day. That's overnight and into the next day. There should be a rally in the S&P futures, which should help the market. We've already seen that. So what's really important about this is that the high of 38,927 took out, with the slide yesterday, it took out essentially one, two, three, four, five, six, seven, eight, nine, ten, eleven, twelve, almost thirteen sessions in one. So the statement I made for subscribers to my opening call this was, was that it? Basically a three-in-one consolidation in one session, a one-off. And then I went on to say, if the semiconductors hold well, then yes, a good chunk has been achieved for now. And that's just for this very moment. Those round numbers they keep appearing and to me, this is something that I cannot ignore. I've never ignored it before. I don't see why I should, and now the numbers are even greater than ever. I don't see why I should ignore it now. They are telling me that people who are going in and going out are so determined to, to do it right now, that they have got the, that's when you see the round numbers. And that just says to me there's a degree of hysteria. It isn't well done. It's not a plan that was, it was mitigated by the vicissitude of the market. And therefore, you've got to take it very seriously. As if to say, what happens to someone who bought well, in this particular case, they could be looking just great. Let's go to ARM, which is a stock I focused on for quite some time. Arm holdings, PLC and semis, I've either been licensing, they're in a sweet way. That is, in one, in about seven sessions, they've gone from the 70s to a high of 164.00, a round number high. And that's really interesting. Why? Because they tumbled within two days. Yesterday they had a low in the 119s. And that 50-something points, that's a big decline. And now they're up 13 and 133.34. So whoever sold at 164.00, what do you think they did today and yesterday? They got the hands off the steering wheel, patting themselves on the back, looks great. What about the people who bought at 164.00? I should have done that. Oh, I didn't think of it. I should have followed the ticks. I didn't think of the exact volume. I suppose I could go back and do it. I don't want to do it right now. And they're looking at, they paid 164.00. Yesterday it was, the day nature is down to 118.00 and right now it's at 133.00. Well, that could, in fact, it's a peak E. It could go higher. And it's a leg E in the weekly chart. It's only a leg A. I believe it's an A. Let me just move this messy stuff and see if I can get an A or a B. Let me just double check. Yeah, it's a leg A in the monthly chart. And that just says, looking out over the period of 2024, going into 2025, this should still get, on a monthly basis should still get a peak A. We haven't made a peak yet. You have to wait a whole month with a candle, a whole new candle with a lower height. We're able to call it a peak. And it's going to be a peak C and then at least a peak D. So for 2024, this is looking great on a short-term basis. It's a little bit toppy. Well, that's had a pretty good consolidation when you're looking at it visually, not the weekly but the daily. All right, enough of that. Let's get to our numbers. Wait a minute, I did this for the update. Did I do it now? I'll just do it. Let's just do it real again. $48, not acting all that well at $38,300. I should mention for subscribers. We are short on a short-term trading position. Still got a call-longs from way back. So short-term there. We've got the S&P doing not too badly today. The S&P is actually trading up 26 points. Well, after the drumming it took yesterday, this is not great but it's good because that would have been a Chapman wave. Roman Campbell, very small one yesterday, said any point today if this S&P was trading at for 60 minutes or more below $49.44, it's way up. It's at $49.80 right now. That's going to say you're going to test yesterday's low. But in the meantime, it's holding pretty nicely. I should mention we have a short position. Looking at $50,000 trading up 2.63 at $197.20. It did go to a peak C but that peak C was under that peak D. So they could fail right here. The stochastic is only a 70% to make these positive, but barely. 9% is over the 14%. So this is a work in progress right now. What happens next? I think it's just trapped in a rectangle formation. Looking at the I said I'd go to the local currency regulators up $4 and $2, three point 30 all time high I need to just double check here. $207.12 I forgot to update that $207.12. So that was a pretty big pullback giving back three sessions and I was going right back up again. So until the semis are done going to be internal strength and I would not ignore that internal strength within that context what I am looking at here is I want to look at NVIDIA NVIDIA there we go oops don't type the thing type it here NVIDIA so it had a bunch of round numbers in the 746.11 high three sessions ago and had a 726 high in a 704 low I believe and let me just double check that for yesterday I mean these round numbers just amazing 73450 was the high it opened at 704.00 and what happened 726 oh that was the day before it opened the day before at 726 let's go these round numbers no round numbers yet today it went 730.06 and 6 higher for the the low of the day it did open at 732.02 and Australian right now 738.34 you can see this the internal strength of the semiconductors we did not we want to get a short position yesterday it had to be under certain conditions those conditions were not met and if they were met would have been good but they weren't met fine we're out of it we didn't go into that I'll be right back now just as we as we get into the break I just wanted to show you a goal a goal is down eight it's gone below the left side those important direct action I'll be back in a moment down to 55 if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30-day money-back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento 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 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 XAU 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 TFNN has launched the Tiger's Den hosted at Discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's Den available to all Tigers and Tigresses for just $1 for the year there's no catch or added costs when you join our community of traders folks were back sorry for the interruption but that was a Jim 20 men's sister and I needed to talk to her and she needed to talk to me and attorney stuff you know the usual baloney anyway like look at the November beans now we had a low of 55 and a quarter we bought them at 1157 so they're up 11th well we're up a quarter so that's $12 at least it's not losing so what we're going to do is we're going to have our stop here at 1146 but because we're right at the 1618 and it goes below that and we know that's not good we're going to raise our stop to a price of hold on one second drum roll please drum roll we're going to put our stop in at 1151 so that means that you're going to be a farmer for the price of $300 you don't have to borrow anything you don't have to own anything all you have to do is have that contract for November beans I think they're going to go off the board at $15 that's $20,000 $20,000 higher and the reason why I think that let me show you you can get here we'll get the weekly here they've been there before folks here's where we are now okay we're right at the 786 you'll see this the long term weekly there's another reason why we like them so much there's a 786 right there and it's Mother God and country stuff so I don't know why that says 1165 because that's not 1165 the last price hold on that can't be right that don't worry folks the last price is 1157 make sure yes okay I got it 10 for thank you very much anyway that's one of the reasons why I'm looking at it here you'll see this is the kind of move that we're looking for if we get that kind of move going to make a lot of money maybe get a little move like this but I think we're going to move but 1157 was a number you could see here 1158 was a 786 all that work we did on the four-hour said that we were down here you can see they're trading 1157 which is different I don't know why that is the problem with cqg data here today which is very unusual fact that they can't even call 20 we need more to complain when I called cqg this morning to tell him that they had passed away I can hear people in the background gasping because Jimmy was one of the first employees for cqg 30 years ago and he built a data service for cqg which is the greatest data service for charts never a bad tick folks I know no one else has that you'll see a lot of bad ticks with this stuff but not what 20 went his work was he knew how to do that and he was very very good at he and I built the key and I built I paid I shared the cost of building a computer for him back in 1970 where we where we started looking at Fibonacci numbers and it stands for what he called moving averages that are move forward that J cross talked to us about and so they're told us about J was one of the first group programmers at commodity corp as I mentioned before anyway I spent the first two hours of day in tears and then laughter and a lot of the stuff talking a couple of our buddies that knew each other and were friends but boy they're going by the wayside so fast here it's a little bit troubling alright let's move on here with a few of the other things that we need to be chit chatting about here let's talk about the crude oil here today we've had a little move in crude oil we made I got stopped out of the original position okay yeah I'm I want to apologize for that folks you understand when something like this happens there's nothing else you can do here's what we're looking at here we always talk about the 382 don't we so this was the get this out of the way here this was the big move that we got here the long-term daily what I did is wait for the first break which was a buck buck and a half and all I said okay then what we have to do oh said I can't see the screen all right thanks for telling me that I thought that I did that screen sharing stuff but let's get up here change windows there is a screen that we have okay click the screen now I think we're gonna be ready thank you folks I am amazed that I can even do this I hope we can see it now right all right here's the high and crude oil one more time boy this is really frustrating layer all right we're coming over to the screen since I'm gonna hit I'm gonna hit change screens I'm gonna click the screens that's what I do I come in here and the screen is here I'm gonna click the one that says screen and I hit go live and let's see I hit screens let me get I there's a thing it says screens it says stop streaming okay let me try it again share screen okay I see there was a problem my fault little technical stuff gonna make it to the break anyway anyway here's where we are here with it with the crude all that tell me that that's it let me know what do you take 10 for only after 20 tries did he get it right here is the 382 right here right there it went this nut there right there was 7875 now that's a break even though what we're looking for with any luck at all is that this is member this is a short-term pattern but there's your ABC delay we're looking at to get down here to 30 right around 7643 that's what our goal is now our stop is a break even now so that we've locked in a you know a pretty good profit on this so that's the one that we want to be watching for very very closely I'll be doing more about the things with soybeans and sometimes they work sometimes they don't but let me check the time left I don't think we got very much time left but let's just look we got a few seconds when we come back to the break I want to show you another potential trade that looks really interesting and that is in natural gas and big Italian I know all about natural gas and we're going to get it up here just a second and we'll be talking about it when we get right back if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30-day money-back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN educating investors everything in the universe is governed by the Fibonacci sequence this mathematical 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O'Brien's award-winning newsletter market insights firsthand TFNN educating investors TFNN has launched the Tiger's Den hosted at Discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's Den available to all Tigers and Tigresses for just one dollar for the year there's no catch or at a cost 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 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 folks this is natural gas up to date over the last several months you can see here we've got this big ABCD pattern right here almost a perfect 382 there missed it by about two but two dollars per cubic feet now there was a target right there there was your 1618 and so we bought it well we bought it on a stop at 161 and that's what's 161 80 now but let me show you how it got there which is something you like to see if you're in something like this you see when you see a spike down like this folks this is capitulation I mean this is when everybody says please let me out there must have been a big order here so what we did was on the pullback buy it on the pullback right here put your stop right here so you only risking two dollars and if this thing rallies believe me it has been under the weather for so long nobody wants it and see there it is we're back to where we were back here in 2000 that's a 2020 2020 that's how far we've come down from that level and had a good rally and whether it's going to do anything like this I don't know but look at the ABCD now this BC swing is a 1.618 expansion you see it should I think it is oh maybe not no I don't think it is I think it is right hold on I can't draw it that way it shucks that that's what it is yet this is a excuse me let's get it right this is a 1.618 expansion right here when it hit $10 and it comes down rallies that by a big bubble keep an eye on it that's all I mean we look at this on the weekly you can see the ABCD coming down if you like ABCD and I do this is something you want to think of that's being new we're going to take a break until tomorrow and don't remember Friday we got this wolf trader Shane Smollion as our guest so live every day in an attitude of gratitude and may God bless and please send some white light out to my good friend Mr. 20 men who's out there on his way upstairs we love you folks thanks for joining TFN and we'll see on the flip side tomorrow