 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento, toll free at 1-877-927-6648, or internationally at 727-445-1044. Now, Larry Pezzavento. Okay, looking good, Billy Ray. Feeling good, Louis. We're going to take a look at the German DAX. As you can see here, we have completed a bearish Gartley up here. It's actually one of the better indices today, holding up. And if we want to take a look at the FTSE, which will be the next one we look at, the one from the UK, you'll notice that we're also completing a Gartley, but it's just a little bit higher up at the .707, which is the reciprocal of the square root of 2, 1.414, that has something to do with electricity, but it's a little bit beyond my pay grade, but Dr. Al Larson explained it to me once, but that's neither here nor there. We had a request to review that coffee that we talked about yesterday. And I think it's worthy of taking a look at it, because I wanted to show you this is the ATF for coffee. It's JO, evidently JOE had been taken. So you'll notice that the chart, the regular bar chart, is the JOE, the ETF, and the blue line is the spot coffee chart. Now you'll notice the spot coffee has already started to turn up. We had a low of 90 and change, we hit 92 this morning, so there's a possibility that Gartley we had here in this JOE might be holding, but the amount of risk here is rather small because that is a small Gartley pattern over the last two weeks in the JO, and I don't, you know, I don't trade ETFs, but that's what you're looking for is that type of a pattern. I'm basically watching coffee because, you know, it's got that long-term pattern that looks extremely interesting, and it is holding up relatively well. I probably should, by the way, folks, we have a really special guest today, as always, and that will be none other than Samuel Archibald Earrington Hicks Crawford from Crawford Perspectives and he'll be on at the break. Here's the long-term coffee chart here, folks. We've actually backed off this. We got down to that, we took that last little low out and then backed up again, so this is still important. We've made that 1.27 expansion down there at 87, so it does have a chance, you know, to turn from here. We're starting to see signs in the grain markets, especially in corn and wheat, that we've had some type of a bottom forming and the beans have not done that yet, but the corn and beans have shown some pretty good strength here recently. But let's get to the two things that I really wanted to cover that I think are extremely important, and one is we look at these Fibonacci numbers all the time and a lot of folks out there say, well, these things really, you know, don't work very well and you know what, folks, some of the time they don't, some of the time they do and we try to focus on the times when they do because that's what we think is our edge. We'd add a little pattern to a little bit of Fibonacci, put it in the mix, add a little heat, add a little freezing, whatever it takes and take a look at it. But you'll notice here, this is the weekly chart for Microsoft and we never did get above the 1.618 expansion. It was absolutely to the tick and then if you want to really put the pedal to the metal, this is one that we brought into your attention yesterday, folks. This was not by mystery that we brought this up because we said that there was going to be a strong probability that the Apple could make that 215 level, which was the exact 78% retracement of the high that we made, you know, way back in September. That was to the tick, folks, within two cents. And then, of course, it backed off $5 from there. Now, if Apple should happen to gap down today, and I don't think it is, that would leave an island reversal and that is an extremely bearish pattern. But I don't think it's going to gap down. I don't know what the early morning indication is on Apple, so I don't really know. But if it's trading under 210, I believe, well, it's got to trade below 210, David, and I think if it did that, then you'd be able to see a potential for a island reversal and that would really be not a very good pattern in the end of the statement of the year. That's something that is pretty nasty. The other question that someone brought to our attention is one of the things that we had in the newsletter, of course, was this one, two, three, four, five expanding triangle, also known as the reverse point wave. Within that, you see there's a three drive to a top pattern. We've had a little bit of a sell-off in the NASDAQ. It was the one that really started the whole party yesterday after the Federal Reserve came in and shocked the market for a tiny bit, whether that means anything or not, you know, we have to wait and see. But the pattern that we were looking at on that was on the weekly chart. But if you remember, we were looking at this chart on the NASDAQ for over the last two weeks was making lower highs. As you can see that, that's that 135 pattern that is very, very popular because it has some symmetry. It's got good ratios, high probability of working, and those are the kind that you want to look at. If you want to see this again, this is the one we talked about just about a week or so ago. Oh dear, hold on one second here. We've got gold heading down, folks. I'll cover the gold. We knew the gold was no good yesterday once the platinum gave up and silver was giving up it. Let's just take a look here at this 135 pattern as it relates to the crude oil. You'll notice that the crude oil back on between the 23rd and the 25th, you'll notice that 135 pattern. Look at that lovely symmetry. Now, if it were making new highs, it would be a three drive to a top pattern, one, two, three. But when it's making lower highs, it is or higher lows, it's a 135 pattern. So that's how you define these patterns. You have to give them a certain amount of leeway as far as what they're supposed to do. And the leeway is very, very small. I mean, you've got to get them nearly perfect, and that keeps your losses relatively small. I'm going to the small T6. You're right, Marshall, there's a T6 on the daily, but I'm going to cover the silver and the gold and the platinum when we come back from the break, because that needs our attention. We've been waiting for this for a very long time, and we're coming into this new moon. And none other than our good friend, Mr. CallsItToTheMinuteWinsky, will be on tomorrow. And we've got Samuel Archibald, Earrington Hicks Crawford today. So we've got the Astro Weekend, Thursday and Friday showing up. But there is a small T6 pattern, but frankly, the way these things are acting, Marshall, it looks like we're heading to those big numbers that we've been waiting for in gold, but we'll cover that when we get back from the break. But I did want to mention to you that we will cover that, because it needs to be covered. I believe that the Treasury bonds have already started the down move. We couldn't get any higher than 148.10. And then when the folks came out at the Fed and told us that there was probably not going to be an interest rate reduction, then the market sold off a little bit. But it was already oversold and ready to move lower. The key is what's going to happen to the metals and also the U.S. dollar. Those are the ones that are going to be very, very interesting to look at over the weekend, because they're set up for big moves. The question is, is whether they're going to happen or not, and we don't know that, but neither does anybody else. So what we have to do is decide how much we're going to risk if we're going to put something together here. So we want to pay attention to this and as we walk through here. And we'll also talk about the cattle and the hogs a little later in the show, too. 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TFNN.com, educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Okay, folks, let's take over the platinum because yesterday we talked about that. The importance of that really dark line up there, the old highs, that's what that refers to. And once we went below that 877 level, that was not a good sign. And now we're quite a bit, we're about $20 below that line already and heading lower. We do have a big lunar cycle coming up here on Saturday with the new moon. Norm will talk about this tomorrow but it's going to be interesting because we've got some really interesting patterns coming in silver and also, hold on, I can walk on water too, Bill, but it has to be frozen at least for three weeks before I'll try it, but I can't walk on water. Hold on one second here. We'll take a look at the silver. You can see here, we're trading below 1470 this morning. Folks, we're only 20 some cents away from what we're looking at, 30 cents away from that 1440 level and it looks like it's written in stone that it wants to get there. And my guess is it'll either be tomorrow or Monday would be my guess. If it gets there on tomorrow, I'll probably buy it over the weekend but we'll watch it very closely. Now, the other possibility on this gold and silver is they could just, this might be a major failure and we could be heading down. We've seen this over and over again in some of these things, how they completely give up the ghost and you just can't stand in front of it. And so you've got to be extremely careful but here's the gold. This is the one that we've been waiting for for a very long time. This was as of yesterday's prices. I didn't put the new ones in yet because we've already started down and right after the Fed came out, it got to 1288. That was nothing more than a little 382 retracement of that previous high. It was an ABCD on a 15 minute chart and then we've broken down now and we've taken out those lows at 1270 this morning and that really sets up that number that we're looking at down here that most probably somewhere between 1255 and possibly even 1240 which is the bigger 61% retracement. The the head and shoulders pattern is still in effect. Now remember now we were looking for a full moon here on April the 20th but that was way too early but now with the fourth coming up here that's going to be a new moon so that's going to be real interesting. You notice the other two bottoms that we had were full moons and maybe this is going to be a new moon and the other alternative is it's just flat out going to fail and break down big time which is possible because many of these commodities as we've seen in all the stuff is going to be looking at it. Someone said that the gold is breaking badly here so let's say oh it's not breaking badly it's only 1268. No we're looking at that to get down to the 12 I believe that the actual level is around 1260 to 1255 is what we're watching so we're sort of keeping an eye on that of course. Now the crude oil you know that chart that I posted earlier sets up a really big ABCD which will be an important one in fact we could probably show that here today. Just give me one second to get it up here and you'll be able to see it but see we got another bucket to go bucket and a half to go down in the crude give me one second to get this out to you folks and you'll be able to take a little look at it it appears that that's what it wants to do and give me a second here I almost got this thing figured out as far as how to get the charts up without screwing up and this is getting better and better so we'll see if this is working let's get this up here and there we go hold on a 1% move is nothing to a wise savvy CV guy like Larry what Larry you talking about Larry Williams okay here's that ABCD pattern on the hourly crude going over the last couple weeks that comes in at 6050 that's a buck and a half a barrel from where we are right now and that'll be an interesting one you know to take a keep a look at so watch it very closely now what can someone tell me where Apple is trading because if Apple gaps down below 210 and doesn't look back that is that is going to be a very interesting very interesting thing to to take a look at so we'll watch that one very closely also all righty let's move on to the next one that we wanted to cover that was the hog market you'll notice that we talked about the hog market yesterday having good support down there at that 89 level 8850 we got up to 9125 we're a little bit higher than that today we cannot go below 8850 folks or that would be a pattern that was most probably fail and if you remember on the cattle we were looking at the same thing in cattle yesterday and here's one here's one for the one for the record books and you'll notice here that we did get below that one where we're trading exactly at 111 right now but once we went below 112 that told us that there was something wrong because the 112 was the exact 1.618 so you know below 112 this you didn't want that that's what we were trying to bring to your attention look how many days in a row we've been down folks we've been down for two weeks now we made that 78% level up there at 120 we're now 10 cents a pound that's for grand in two weeks you know that's a heck of a move and now we're approaching the 78% level of the low from August so this thing is very over oversold but where it's going to bounce from you know we'll have to be able to see what's going on and Maria is saying back to the April 1st one month wipe out spy pattern here I don't know what a spy pattern is dear but you're pretty sharp so why don't you share that with us and so we all will learn something thanks Maria for posting your stuff you've done a great job with these and we really appreciate and also everybody that posts in here you got some really smart people in and it's really interesting to see the type of things that they follow and it's quite interesting and I enjoy it that's why I do this we will have Arch Crawford as our guest here in the half hour but we want to cover a couple other things here that the Euro let's just get that up did I do that one right please tell me I did it right not quite just when I thought I had it ready I don't have it ready let's move it up here okay there just get up here this is the Euro I meant to update this this morning but I didn't so hold on just a second here you know we got up to the 11250 folks 11260 was actually the high that was a 61 percent retracement of the high we've now broken down black below the 112 level if we get below 110 111 10 we're in big trouble because if that's all there was with a two-day rally in this it doesn't look like it is going to be very very popular you know to the upside so that means that the US dollar index has still got a chance you know for you know much much higher prices that we talked about more than once here but those are the main ones remember folks we've got some major patterns completing in the Hang Sing we've got them across in Shanghai the FTSE the DAX and even in our market and ours been the strongest and we've had some you know potential really big patterns here in some of these so it's it should be very very important to pay attention to I'm going to take a look at November beans and we will do that and when we get back from the break I'll post the November bean chart for you Mr. Z I'm looking at I'm looking at Monday anyway let's have Arch Crawford as our guest here and he's going to talk to us about stock market and some of the patterns that he's looking at we're going to discuss Elliott Wave a little bit also 877-927-6640 keep those cards and letters coming in folks Larry Pezzavento has just started his brand new service Fibonacci 24-7 and he's already delivering content to his subscribers on a daily basis when the markets have been opened and even on weekends each Monday you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out and throughout the week when warranted Larry will send out via charts or videos or both the key markets that he is 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to scan thousands of stocks for Fibonacci formation setups including Gartleys ABCs butterflies and much more timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only seventy nine dollars a month we are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today we're visiting tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com okay we're back folks and we have Arch Crawford of Crawford perspective Tucson, Arizona on the line Arch how you doing how are you I am hanging in there pretty good hey you just had a birthday a few weeks ago Bubba you're now one year older than a few months that's what they say Sam you sent us a really cool looking chart on the stock market you want to give us an idea of what you're looking at here the whole world is bullish I'm bearish but what are you seeing here in stocks I sent you three more charts in about 10 or 15 minutes which one are you talking about I'm looking at the gold chart the one that the SP the SPX chart and then I'll do the monthly after that do the jail Jones weekly and then we'll do the monthly one after that okay the one I sent you the chart of gold is monthly so you can see the high back in September of 2011 and the pattern that it's been forming for the last what is it 2, 4, 6, 7 years and it's been the high of it back a while ago or the more the heavier resistance is it 1365 to 1400 and the bottom have been rising since late 2015 early 2016 so it looks like it's forming an ascending triangle and hopefully it'll break out to the upside eventually I'm hopeful about gold I think you should always hold some just for insurance purposes but trading lies it's diddling around right now it's pulling back the last four weeks to it what is it we have the red line on here is the 50 month moving average and the 200 month moving average is rising is a little bit above a thousand right now that I think will eventually push it higher and probably much higher and that could happen I said it could happen two or three years from now or it could happen tomorrow it goes that way yeah for sure Sam what are you seeing in the oil market I've got your chart here of the oil that looks real interesting too it looks like we're turning down let me see the oil chart yeah it looks a little poppy temporary here it has pretty heavy support at 60 you've got the red line is the 50 day moving average and the blue line is the day moving average the 200 day is declining somewhat and the 50 day is fairly strongly up so within a few days we're going to get a golden cross on that just that should it's usually counted as a strong sign but right now the chart pattern looks a little toppy and it could go down as far as 54 without being tremendously negative or 60 I think I want to see how the action goes when it gets down to 60 and around those moving averages so it might hold there and turn back up but right now it looks a little bit toppy Arch you know yesterday the Federal Reserve came out and said they possibly were not raising interest rates but you know I believe the Fed follows the market doesn't set the trend but you've got a really interesting chart here I'd like to share with the folks on the 10-year Treasury Notes this is not a bullish chart in my opinion we've got lower tops and lower bottoms all the way through here and that certainly doesn't look like a bullish chart to me okay what do you think? Yeah this is the weekly and it shows the long term downtrends and the base looks like seven-year also flat in this as it is in the gold although we made highs more recently I think it was down 3.24 or something like that and we have had two bigs sharply lower we may have one more but again the the 200-week moving average is only a little further down let's see that would be 2.25 that would be 2.30 something between 2.30 something and 2.4 2.3 and 2.4 there's strong support but the trend is down now and it's back into the long term downtrend picture unless something else changes radically so actually I would look for I don't know maybe long long term 2.5 that could start a long term uptrend that would last for years but it's not there yet it looks like it tried to and failed up there at 3.25 Sam the next one we want to talk about of course is the stock market and you've got an interesting Dow Jones chart here showing this triple top up here I mean the whole world thinks this thing is going to go straight up from here this looks like a pretty ominous pattern to me I mean I'm that's just from well the one on the S&P looks even more dangerous but it is what it is so far a triple top and these markets have blown through all the other resistances coming up here and they could possibly blow through this one but I would say this is the more dangerous one that we've seen is there anything astrological that's out there that would have some negativity to put the market lower the real big problems don't show up until October November and really seriously in January I'm looking for more continuation it could still go down pretty far and still be in these patterns so it could have that kind of a thing and a pullback now would be seasonal since the seasonal high tends to be around late April and early May but I don't think we're going to get a huge decline and I'm looking for that later certainly because we're way overbought for any kind of reason hey listen Sam I want to thank you for joining us today and how would the folks reach you if they'd like to take a look at your newsletter what's your best way of connecting with you well the new newsletter the May newsletter will be out on Monday I'll be writing that this weekend and my website is CrawfordPerspectives.com the how many years you've been doing it now Sam this month 42 years shut the front door and raise the rent hey brother thanks for joining us the first one was May the 24th of 1977 wow thanks a lot Sam and the phone number is in the phone book and on the website if you're in the CD market for a secure investment the Tiger First mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid 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utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC the bull bear binary option hour next on TFNN okay folks when we get back here for just a second I want to go over the gold market I believe this is what we're going to do right now is you'll notice here oh dear I hope I haven't I don't think I've covered the gold yet have I yes I think I did shut the front door and raise the rent let's move on let's move on to something else I did cover gold platinum and silver you're correct I already did that sorry boys and girls this is what happens when the old I know the I haven't covered it all right we'll do it right now let's just get through with the gold and well we should cover it twice because I think this is where we're going anyway you'll notice on the gold here we're looking for a price level somewhere around that 1260 to 1255 we're trading a 1267 right now that's relatively pretty close by if we look at the silver silver's below the 1470 level now that means we're most probably and I thought I covered this ruby but maybe I didn't and then yeah I'm sure I did but then look at it for 1440 in the silver that's Monday we get that new moon coming in on tomorrow so that's going to be an interesting one not only that folks but if you look at the silver from your November high to your February high down to where you are right now that's a squaring of price and time in other words a number of moves up and the number of moves down are equal so that's that's a very interesting thing to look at but and then the platinum we've already talked about that that just looks absolutely horrible so you know we're going lower in these metals until we finally reach some type of a bottom in here I've said several times this week you know that we bought that last Wednesday as I recall that gdx and you know we recommended putting a stop at break even on the show several times but we'll see if we can get some of these other things lined up let me show you a very interesting trade situation folks if you want to trade with minimal risk I'm going to post a chart here now I don't know if this is going to happen or not but this is a if I were which this is not a commodity but if it were this is what I'd be watching today you'll notice Apple we have the big ABCD from March that's perfect you you had a beautiful pullback right at the right near the 38% level you went up and you made the ABCD pattern the 78% level was spot on at 215 and change and we're trading at 211 24 right now the low yesterday that you have to worry about is at 209 283 now if you close in the lower part of this range today and you're still in that red box but you got to be near right at the lows you got to be right at that low so that you haven't filled that gap but you want to be able to be right at the lows today Apple's got to close right on it's a but not not any lower than 208 if it's lower than 208 it's already filled the gap and that that gap will be there and then what happens is if you come in Monday morning and that gap is down you just put your stop break even on the day and you're going to make a lot of money because that is a island reversal and when that happens those patterns are just flat out their their monsters as we've seen before and when they fail you can get out of them unless there's a news item which there is sometimes at Apple but that's the kind that you'd want to be watching because if it gets there you know you'll be looking at that very very closely Mr. left I believe lift is going to 52 and a half buddy there's a big ABCD down there on the hourly so that's what I'm watching maybe it'll come out when this other one Uber comes out but you know the these IPOs that are coming out are very similar to what we had in 2000 folks have they don't have any earnings and they have huge debts you know they have a great potential but that stuff happened in 2000 remember Worldcom you remember what was the other one global crossing you know I mean all those had great potential to look what happened so in Ron another one so be very careful it's not how much money you make it's how much money you don't lose you got to think like that slot machine and that is I've taken in $1.2 million and I've given out and you're the one that has to decide when you want to play taking the responsibility for it and keeping your losses as near to the close to the pocketbook as you can but not too close and that's it that brings up an interesting question how close do you put your stop well if you if you're trading a daily chart if you if you pick out 3% of I know it is Mr. Z there's no question about that you're you're really an excellent trader and I think everybody in the room and every followed you my god you got some incredible stuff but you've got to decide if you're trading a 15 minute chart you can only risk $100 or something but if you're trading a daily chart you're probably going to have to risk more because the swings are going to be greater so that's what you have to decide first is what time frame you want to trade and then move on you know to that level that's the whole key to some of the things that that we're watching here but watch that Apple because if it closes on the lower part of the range today that's going to be a real interesting really interesting one now I wanted to spend just a moment here with the old Dr. Copper here because this is a daily chart we had if you'll notice we had the double top between January and May that was a beautiful double top with an ABCD confirmation up there at that 332 we then came straight down I mean without hardly any rally at all all the way down to 255 we dropped 85 cents that was into that big August then we made a beautiful double bottom where you took out the previous August low by just a penny or two and then turn that's what you like to see and that CD leg on that last bottom there was 1.618 so that's another interesting one but we've got a beautiful pattern setting up here if we can get the Copper to come down to about 272 we're trading around 281 and change this morning but at 272 that should get your interest because that's going to be a 61% retracement and if you look at the cycle lows from August December and into June right here in the middle of May to June we should be making a cycle bottom there and that will be a real interesting one to look at down the road so those are couple of things that I'm keeping an eye on whether they have any interest in for you folks or not but I'm watching the Apple because you know it gets the most free advertising of any company in the whole world so if we close below if we close the ideal close today in Apple would be right around 209 70 somewhere in that ballpark and if it did you could just short it or buy the other thing you could do is buy a put and if it doesn't open lower on Monday then you just stand aside that's that's what you have to because you're going to have a risk is going to be as small as you could be I mean here you got a stock that's trading for 200 bucks so you know you do 100 shares you're talking 20 grand you don't have to risk very much those are the ideal situations keep that risk right in front of you and you know exactly you know where you are so we'll look at it now I don't believe that Mr. Z Mr. Z is asking about a double bottom in the June Gold Mr. Z that puppy looks like it wants to trade at 1260 silver looks lower platinum looks lower I mean I just don't see it here and we've got that big new moon coming in on Saturday so I really think that it's headed lower that's my two cents worth maybe sometimes I'm overpriced but that's what I'm watching I think I have to wait for that and I have been bullish gold but with that action that we had you know the Wednesday and Tuesday and Wednesday was not not good I mean we should have been a whole lot higher and silver was acting poorly platinum certainly wasn't doing any favors so and platinum was giving up the ghost they got to get another pattern in there on platinum to make it looks like it wants to hold up anyway that's the the key thing to to keep in mind so those are just a few of the things that we're watching here this morning at TF and in oh my goodness we've got the old clock on the wall says we've got another let's put the bonds up here because we're similar to the chart that Arch gave us but you'll see here that we've made these retracement levels and the bonds and looks like we want to go lower here so interest rates higher that's what it looks like from the cheap seats 877 92766 48 I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes I'm the owner of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months Timer Digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for Mastering Probability by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too sign up today if you haven't checked out the newsletters page of TFNN.com what are you waiting for? all of the TFNN newsletters are informative up to date, affordable and must have for every trader looking to gain a competitive informational in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks, bonds, metals commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge to help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors since 1984 Bazel Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Bazel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Bazel found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Bazel Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Bazel's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Bazel's newsletter the opening call today by visiting TFNN.com this segment is brought to you by Think or Swim for more information just click the Think or Swim banner on the front page of TFNN.com folks I posted the 15 minute chart on gold going over the past week and you can see here when Mr. Z was talking about that 126750 that was an exact 1.618 expansion from the low we made back at 1276 and so that may be a pretty good low in this area but gee the daily chart looks like it's got 1260 written all over it and silver looks lower platinum looks lower but you know we'll have to let the trading gods tell us because we're going to be watching this thing today and of course tomorrow but the probably the safer place to look at it would be on Monday might have to pay up for it but at least you'll have an idea that some of these numbers would be holding so that's what it looks like if this is a really good bottom we're going to rally above 1286 very quickly that's a $16 move and frankly after that big move down I don't know if it's got enough power to do that in the gold so these metals still look lower I still think they're near a buy zone but not yet you want to wait for the completion that's way it looks had a really strong probability that we've had a major top of some well it could be minor top too we don't know but nobody else does either in the stock market with that three drive pattern the triple top that Arch Crawford talked about and those are other things that we need to watch because it doesn't we had divergence between the Dow Jones the Russell and the the Nasdaq of course and the S&P which was the strongest up until yesterday now remember folks we do have Arch Crawford today tomorrow will be Norm Winsky and he's always an interesting person to have on never in doubt with Norm he always has some good ideas so live every day in an attitude of gratitude and may God bless and try to help somebody that has a whole lot less than you this weekend folks there's a lot of people out there that are not doing very well so 877-927-6648 and we'll see you on the flip side