 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pezzavento. Okay, looking good Billy Ray feeling good Lewis. Well, I'm back in the saddle more or less as they say in the trade. My voice is about 70% there. Doc said that's about as good as it's going to be for a while. But I haven't done any talking actually believe it or not from my point of view for about five or six days. So it's helped quite a bit. We have a really strong market spoke. I posted the chart here of the Chinese market. And as you can see here, it's been under a great deal of pressure for many, many, many, many months and years. Okay, going back at least three years. And now the Chinese government said they would like to do something to help prop up the stock market. Folks, what do you think they've been doing over the last three and a half years? That's exactly what they've been doing. They've got major problems over there. What it means, I'm not sure, but we're going to pay close attention to it. So you'll notice here that if you look at the newsletter, you'll see the Hang Seng is being under a great deal of pressure as has the Dow Jones. Well, excuse me, not the Dow Jones, but the Chinese markets. And of course the emerging markets too have been under a great deal of boys and girls. I'll tell you, let me tell you, let me tell you a funny story. Okay, many years ago, I promised myself that I would never buy a breakout again ever, ever, ever, ever, ever, ever, ever, ever, ever. Okay, and guess what happened today, folks? I was looking at one and I ended up buying this breakout at 1952 in the hold on one second here. Let me get this up here so we can see it here together. And I've already, I've already given my $5 once it got back below $48. I said, no, no, no, I said that's enough, but we've been there all this time. We went up and we went up to $54, 1954. And then it stalled and I said, oh, no, stalling is not what I wanted to see. So I tried to raise my stop as near as I tried to explain that in the video that I sent out that it was a dangerous situation. And I believe we had a sleepless night about buying a breakout. And I know Mark Douglas was looking over my shoulder telling me, what are you doing? And I said, yeah, well, trying something new and it turned out to be something borrowed and nothing blue. Anyway, that's what that's what I did. And I'm not upset that I did it because it could have ran and gone to the moon, but it didn't do that. I'm just giving you a heads up of when I make mistakes. I want to tell you what's happening. Now, here's what's been going on in the stock market, folks. I want to get the Dow Jones up here. This is the Dow Jones. This does a pretty good job of describing everything that's going on. We've already seen it in the S&P and all the others. But let's take a quick look at this and you'll see what we're looking at here. Hopefully these charts are actually posting today, which is very just as soon as I say that it worked. You'll notice here we had this beautiful 135 pattern here on Friday and we had a really strong rally. We're getting ready to take out the highs that we made on Friday. So that tells us that's going to be right up at the 382 up here. So pay close attention to that. But we did complete the very large ABCD pattern up in here. And we made most of that money on the downside, gave a little bit of it back, but still acting relatively good. So someone's asked a question about what do I do with gold here? Folks, I just have to wait now because it's broken out to the upside and is flat out reversed. So what am I, you know, I have no choice but to stay here and say, my goodness, you know, I think it's already down $9 from its all-time high for heaven's sakes. You know, that's not good action. And we're at the 61% retracement of the daily range. So going below 1945 would be a pretty interesting move, I would think. So those are just a few of the things that I'm paying attention to here this morning as I look at some of these markets that are moving and we're moving quite a bit. We move a hundred points in the Dow like it's a heart beat, you know? And so you can't do anything about that. That's pretty much how things hold together. So anyway, let's just hold on here for just one second here. I've got to place an order because I see an opportunity here where I might make a dollar and making a dollar is always fun. So let's move on here and just give me one second and I'll be right with you. So it'll be more than one second. I could just hang in there one second, a little bit more than one second, maybe two seconds. But I've got to get up here to do this and we're going to just take that out and there we go. Okay, so we're in good shape there. All we got to do now is to come up and see how these markets are very strong. The NASDAQ hasn't even come close to taking out the old highs today. But of course, the others, as Steve said, just about everything is green on the board up here. So I think that's an important thing to pay close attention to also. So those are just a few of the things that we're paying attention to here today. And I'm sure that when I give the video tonight and I go over the information that I had on the gold, the best I could, I will tell them, you know, I had to, you know, buy that breakout because there was a chance that it could be a really big one. And it was a chance. It was those chance brothers slim and none. And as you know, that's the way it is. Now, we don't have any guests today. Bob Minor was supposed to, but he didn't get in touch with me. But tomorrow we're going to have Stan Harley on Wednesday. We're going to have Jeff huge. And on Thursday, we're going to have Mike Moore, more analytics. And when we come up to Friday with a little bit of luck, we are going to have Joe Denapoli. Non political Joe will be our guest talking only about the markets. And that's all we'll be doing. So that's what we're watching here as we're looking at some of these things here unfold. Okay. Well, we just got gold and just broken through the 61% retracement. And we're going to see what's happening. I only have a $5, $5 tolerance in the gold market folks. So when it went below 15 or 49, I said, that's not that's not acting right. It never should have done that if it was really bullish. It actually should have exploded $8 or $9 above 54 scaring the shorts to death. And they didn't scare the shorts. So that's it. The chart didn't show. Hold on just a minute. Let me show the Dow Jones chart, because this is really important, because if we go back below this low that we're looking at here today that we've seen here at the low that we had on Friday, you'll notice here just going to get this up here. So we'll be able to see it easily enough. They are being posted, but that makes my job just a tiny, just as soon as I say something, just as soon as I say something, hold on, let's try it again. Okay, bear with me. If you have any questions folks, it's 877-927-6648. And we will move on to the next chart, because this is a very important chart in the Dow folks, because if it goes back below that, and if it goes back below that, is not a very good sign. Shucks, God bless America. And all the ships would see as they say in the trade. All right, let's move over here and talk about the German DAX, because I work a lot with Tom Hougard, as you know, and it's got an absolute gorgeous pattern here that worked out very nicely as a matter of fact. And then of course it backed off and then went back above the high, but it had a very good profit objective. If you can see the really nice three drive to a bottom pattern down here, then you see the three drive to a top pattern right up in here. Then you had this really nice guardly. The low was right at the 61% retracement. What it did was it backed off a little bit and then it went up and completed this last little leg up into this area right here. But that's what these patterns are for folks. They are for price, appreciation, as long as the pattern is completing the way that it's supposed to be completing. And you'll never guess what else I'm missing here is my clock. It's finally here. Hey, let's take a break, folks, 877-927-6648. We'll be right back. The rising inflation, rocketing interest rates, volatile dollar, and uncertain market, there's an asset that all traders flock back to gold. However, these are regular times also mean a regular gold market, which presents its own unique challenges. This brings up the question, what moves the gold market? This is a question I'll be answering in my next live webinar. On August 30th from 4pm to 5pm, I'll be hosting a live free webinar for all those who subscribe to my newsletter, The Gold Report. The Gold Report has been in publication for over two decades and I've seen just about every market gold has been traded in. This experience lends me great insight when trading gold and other mining equities and now that insight can be ours. On August 30th, I will deep dive into gold, bonds, and the dollar, where they are now, how they affect each other, and what to look for when looking to set up a trade. Additionally, I will provide a comprehensive breakdown of the XAU, HUI, and GDX, as well as cover individual gold equities and answer questions live on the air. Subscribe to The Gold Report today so you don't miss this rare moment gold. TFNN Educating Investors. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing 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 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. 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 firsthand. TFNN Educating Investors. 7-6-1-8 Okay, folks, I posted the chart. Are you telling me that the DAX chart didn't come through? Al, please tell me that it posted because I showed that it did. It did not. Oh, dear God in heaven, what am I going to do with these things? I thought I had it fixed. All right, Larry, just relax and take it easy. It's just a little one-hour show that most people... Okay, there's the chart. I hope it posted now. You'll see that there is the 382 retracement off the low we made about three and a half weeks ago, and it hit it nicely. And what it's done now is it's gone up and made a sell-gartly that it completed today there in the German DAX. Now, we went through all the major fib numbers in the S&P. We went through the 382. That was at 44, excuse me, yeah, yeah, 4428. And we went through it at 4439 and also at 44. We haven't hit the 4454 yet, but it's probably getting close. Anyway, this market is getting a lot of buyers here on Monday. And it's mainly because the Chinese from what they said on Bloomberg is the Chinese market was supposed to be strong. But when I looked at the prices, they were down, but they don't pay attention to what I'm looking at. Folks, I want to talk to you about something unrelated to the stock market. Well, it is related to the stock market a great deal. And it's also related to the gold market over this past five or six trading days. There has been a meeting in Africa of the BRIC countries. That is Brazil, Russia, India, and China. That is a large number of people, folks. You stop and think of China and India. You're looking at half the planet. Well, the third of the planet and Russia is not that many. That's only about 100 million. But the rest of these countries, what they've done is they bonded together. And now they have enough votes to override anything that the U.S. wants to do in the IMF, the International Monetary Fund. What this is going to do, folks, it's going to break the dollar away from the petro dollars and the dollar is getting ready to become a second class citizen, in my opinion, and also the opinion of John Jameson. How much higher it gets from this level? I'm not sure, but I'm watching very, very closely the euro, the British pound, the Japanese yen, because those are the ones that will probably have really significant moves, especially the euro. If we get it above 108.75, it's a 108.30 or something right now. But the dollar index has made a 78 percent retracement on the long-term charts up there at that 104 level. I went above it by just a little bit on Friday right now. It's setting just a tiny bit below it. So it's very important to pay attention to that. This is as significant as what John Jameson has told me, and I think he's a pretty smart dude. This is almost as significant as when Nixon took us off the gold standard in 72. And that was a big thing because that brought on inflation and you can see what happened after that. So those are just a couple of things that have been on my mind that I wanted to share with you because I don't use those in my trading, but actually I did because I thought that if that breakout would happen in gold, that that might be a real interesting one to be a buyer for. But in fact, that is not what happened. And the gold, of course, has sold off and it's still selling off. It's down now $10 from the high, believe it or not. So it's been quite a movement to the downside here with that. So anyway, that's what I'm just giving you a heads up. I mean, it looked like a good breakout. I had trepidations about it. That's why I didn't want to risk more than $5. I told the folks, you know, keep your stop, make sure that if it doesn't go right away, put your stop really tight. And that's probably what most people did. It was quite apparent when it went back above the old high, which was in 1951-10, that something was not right. There was trouble in River City. And that's when I said, oh, and I almost pushed the short sale button. But at that point I said, well, maybe I better not do that. And so I didn't. And I wanted to wait and see what happened to it since that time. So that's what I'm watching here so far this morning on some of these things. But soybeans have had a really big move for us. They went all the way up above up to the 78% level up there at 14. It's almost 14-12. I got to 14-09 and a half. And so it's acting really, really nicely. The year has been good to us. Bonds have been relatively good to us. We did have a small loss last week. And of course, the gold has been very good to us with the exception of today. But the folks, when you're looking at these stock markets, remember, you're trading a market of stocks. And when you're trading the Dow Jones, you're only trading about 16 stocks. These are the ones that are triple digit. And so they can move very, very quickly, up and down. So that's the main thing to remember. And you get stocks that are in the news almost all the time, like Boeing Airlines, Goldman Sachs, JP Morgan. They're always in there talking about, just like with the MAGA stocks. We've had some big moves. We've already talked about that Nvidia, that big ABCD that was up there. So we live in interesting times. And if you don't use a stop during these interesting times, you're going to be not going to be a happy camper. So just remind yourself that that's what you want to be doing and try to keep your powder dry till you find something that really lines up nicely and take a shot at it. And that's what I try to do. I had all kinds of opportunities today to be a buyer of the British Pound and also the Euro, the British Pound I actually just missed. The Euro didn't do anything. So I stood aside on that one. And of course, I was short coming in. I got stopped out of my shorts at 44.30. And I haven't checked the last price on it, but I think it's 44.43 or something like that, or 44.44, 44.42. So that's still in the ballpark of what we're looking at right now. Okay. Now, someone's asked a question about, how do I determine how much I'm going to risk on a trade? Folks, these patterns are so dog-gown accurate. I mean, if you follow this long enough, you can see that they're extremely accurate. So you don't have to risk much past where the, if you've got a 61% retracement and right below that is the 78% retracement and that distance is say three or $400, then you put your stop below the 78% level. Now, if the distance between the 618 and the 78% level is $1,000, you got to make two trades out of it. You got to take the trade at the 618, get stopped out of that, and then try it again at the 786. That's the way I handle it because I don't know where the market's going to go. I got to, you know, I think I have a rough idea today. My rough idea went out the window in gold and went out the window in the stock market. And but the rest of them, you know, did okay, but those were two that just didn't work. I didn't want to get hurt. So I put a stop in and said goodbye. And so that's all I'm watching now. I know when it turns, you know, I'll be there ready to dance, but right now I'm just waiting to see, you know, what happens to some of these as they, you know, start to unfold. Now I've got another chart to show you here when we get Brother, this is the, you talk about this footsie. It's made up of all kinds of international stocks. There's actually no London stocks in this thing, but it's actually traded quite heavily over there. And I wanted to bring it to your attention because I've had several requests to do so. And there you can see the nice ABCD patterns that were there. Look at this beautiful 135 pattern with lower tops. Those are the kind that I look for folks. When I see those, those make my little, the few hairs that I have on my left hair stand up. And so we're going to take a break. We'll be right back. 877-927-6648. With rising inflation, rocketing interest rates of all to dollar, an uncertain market, there's an asset that all traders flock back to gold. However, these are regular times also mean a regular gold market, which presents its own unique challenges. This brings up the question, what moves the gold market? This is a question I'll be answering in my next live webinar. On August 30th from 4pm to 5pm, I'll be hosting a live free webinar for all those who subscribe to my newsletter, The Gold Report. The Gold Report has been in publication for over two decades and I've seen just about every market gold has been traded in. This experience lends me great insight when trading gold and other mining equities and now that insight can be ours. On August 30th, I will deep dive into gold, bonds, and the dollar, where they are now, how they affect each other, and what to look for when looking to set up a trade. Additionally, I will provide a comprehensive breakdown of the XAU, HUI, and GDX, as well as cover individual gold equities and answer questions live on the air. Subscribe to The Gold Report today so you don't miss this rare moment gold, 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. 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 in 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 4.00 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. TFNN. 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. Hopefully, we have a caller coming in today. Boy, someone's hit the jackpot today. Don't have to buy a lottery ticket. You've got through to TFNN. And who is it be? It's Michael. Michael from Niagara Falls. How are you doing, my friend? What can I do for you? Hi, thanks for taking my call. Why don't you take a look at the chart for the triple queues? NASDAQ 100. We've got the jobs report coming in on Labor Day. And historically, the day before and the day after Labor Day weekend is historically strong. It's good. You know, and then next week we have IRA fund buying. If that market sinks, closes near its lows on Friday, would you stay short? I don't listen to those reports and I don't go into the reports when they come out afterwards. I might do something with it, but no, I won't do anything. If it closes near its lows or whatever, I wait till after that report is out because there's a lot of illiquidity that hits it at that time. And so I don't like to stand in front of it. So that's my main reason for doing it. And I believe I've lost. But Friday or PM, Friday 4 PM and the triple queues closed on its lows, would you stay short? Over the long weekend given that there's geopolitical tensions in Eastern Europe? If I had a huge lead in it, like I'm talking maybe 100 points or more in the NASDAQ, then I would hold it. And I'd still have a stop in there. I mean, I'd probably risk 80 of the 100 points because, you know, they go, you can see how crazy they get. So you just don't want to risk anything. That's the worst part is that, you know, if you've got a big lead, you do have some flexibility, you know, with risk control, but you don't want to give too much of it back. You know, that's a key. But I don't know whether you and I, neither one of us know where it's going to close on Friday, but we'll have a pretty good idea by the time we get there. Well, yeah, there's some geopolitical rumblings. You know, I mean, we're looking at the anniversary date of the World War II invasion and Putin has, you know, he's got fantasies of restoring the Soviet Union. You know, he may want to launch an invasion on the long weekend. There's always that possibility, my friend. Anyway, I hope that's what you ask for, Mike, as answers your question, but it's all about risk control, my friend. That's really what I'm looking at. Okay. Alrighty. Thank you, Mike from Niagara Falls. I'm Mike. Actually, it lives in Poland now, believe it or not, a beautiful place over there. I've loved going to Poland. I've been to Krakow and Warsaw. Beautiful, beautiful cities. Okay, I've covered that now. Let me, let me get a couple other charts here to show you what I'm looking at as far as from the future's point of view here. I want to give you a situation because the corn crop, folks, is pretty much made now. And so we are, I'll just give you a rough idea. This is December corn and I've been looking at the long side of this for the last few hours. Well, last three or four days because the crop is pretty much completed here. Hold on one second. It's coming just a second. It's coming. I hope it is coming anyway. Yeah, there it is because you have these higher bottoms in here. Now there, there's not a hidden shoulders pattern in here really because you don't have any symmetry at all. But we've got a little bit of movement to the upside here. That's basically but the big move of course, you know, was in the soybeans. The soybeans had there. They're really nice move. It had the 382 pullback that we love so much and I'm going to bring that up. That was one that it was, I don't think anybody missed that one because it was, it was lined up just about golly. Gee, red writer. Why do these keep doing this to me? Hold on folks. I'm trying to post these charts and when I try to post them, sometimes they do and sometimes they don't. Well, you're going to take a look at this. You will not believe what you're looking at. Here is the chart here from Sunday. And of course, we didn't know where it was going to open here Sunday night. But you'll see the high on Sunday night came in. God bless America. I'm afraid I have to. Well, let me get this chart up here because let me try to do one other thing a little bit differently. Hold on just a second. This is yeah, here this might work. What do I know? Okay, I'll give you a reasoning behind this in a second. But here's what we were looking at in soybeans. You'll see the 382 retracement that we bought it at right down here. That was a 382 the whole move. That was a one three five batter. Look at the target folks. The target was from 412 high today was 410 and 3 quarters. So that pretty much completed that. So and he gapped up and still has not filled that gap yet. So that did complete the pattern that we were looking at. That was one that was just you got to you have to pay attention to those 382s because they line up like that gives you a really nice indication that there could be something that would be really, really neat to look at and that's what we're paying attention to as we as we look at each of these charts as we go through them. Now the two of the questions that I had over the weekend and I did get a bunch of questions well since I've been gone they're about risk control folks and you know the risk control these patterns work about 60% of the time to stop and stop and think just a second when I just said 60% of the time they were. Do you know any baseball player that backs that bats 600 or any golfer that that shoots 59 on a 72 goal course? No, but they don't you did we the trouble is we don't know which ones are going to work and which ones aren't going to work and that's the whole key to you know what we're trying to do here. So that that's the basis of everything that I do when I try to put it even on the gold trade today in the video I said if this thing doesn't go right away tighten up your stop and I think most people did that that was it stayed there for half an hour for heaven's sakes there was no new buying coming in for heaven's sakes so that was another reason to tell you that yeah that's pretty much it so that's that's basically what we're looking at hold on a second here my beepers going nuts and I don't know what for and that is for oh I see what's happening just a second here Mr. Billy Ray Valentine has got to make a couple of bucks here so bear with me here just a second and we've got a hold on just a second folks I have to put an order and I don't want to screw it up too bad so just give me a second here and we'll see how it all works out here and then I'm just going to move that over here hold on this is going to be really easy for me to do this one because this is a this is a flat out no brainer as they say in the trade and if I if they get me on that one they get me and I'm not even going to be worried about that okay all right so there's where we stand now I got to turn off the got to turn off the limit okay so I think that's we'll be watching here hold on here yeah okay all righty dear dear dear seniority dear seniority man alive I'm going to be why why why I wanted them my cat okay and then we cancel this order like here okay hold on a second all righty okay one second folks I had to put in put in order and what I did was I I saw a nice little ABCD pattern here in the S&P and I said well we're going to see how well this works and then we're just going to wait and see how the rest of it works from this level right here from where we are right now and so what I did was I bought it at 37 and a half and I put a stop at 37 and a half and that's all I've done so and that all that all that was when maybe it was an ABCD pattern right down there so I got my stop working now at 37 and a half and some just going to let it rip and see what happens in fact me being long today is probably a big surprise to some of you but that's that's neither here than here nor there okay now we want to ask the other question about the risk the risk part about the patterns we know that the patterns every single pattern that we have has a positive expectation even the ones that are you know ABCs run about 60 60 to 65% okay you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave the Chapman Wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in 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 your 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 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 L-A-B-U or L-A-B-D Directions Daily S-M-P Biotech three times bull and bear ETFs Visit DirectionInvestments.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 866-476-7523 the prospectus or summary prospectus should be read carefully before investing and 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 Okay, people ask me how many times do I trade during the day? Today's been a relatively active day I think I've traded five times twice in the gold market once in the bond market beautiful A-B-C-D up there 120 in change and then we also had a crude oil trade last night just spot on at the you know 382 retracement and that that one worked out really well just go back and double check where it went to at 49 it went to 49 61 folks and then went up to dropped went up 130 points $1,300 and then came back and hit it again so it's been it's been been pretty active here taking a look at some of these things here so I looks like I'm going to be stopped out here break even here in my S&P but that's okay that's that's an easy one to call so that's I have my stop right where I bought it at 437-50 and it's at 439 and I'm you know I'm just scalping because I see a nice little pattern and if the pattern works fine if that pattern doesn't work I move on to Dodge City and just forget about it because and we've got a caller coming in are you kidding me shut the front door and raise the friend we got Mr. Z from Philly what's up buddy long time good afternoon to you thank you sir how are you doing we are we are very pleased your voices on the mend it's about 80% there he comes and goes but you know it's been so long since I've been I think it's been seven days since I've been on the show it's my longest stretch of not being on the show and 17 years but but I just I had no voice at all I was whispering for five days up until Saturday yeah Saturday morning I first yeah sorry sorry about that I can I can only recommend you see your hooping and hollering down there I know I have you know my ranch is so big that the horses are you know there are three or four hundred acres away from where I am right now as you know and of course there's 12,000 foot Haas the end of that I live in is quite spacious so I get an echo once in a while through that and if you still believe that I have two shares of the Brooklyn bridge waiting for you to buy what's what do you see going on here John what do you think what do you think you know you're still full will set up there Westlake Village California yeah my house that originally bought for thirty two thousand is one point nine million believe it or you go ha ha ha ha so while Larry it's how how coincidental I called to ask you about crude oil and and there as I'm listening just before you picked my call up you mentioned your trade today with oil but would you kindly share the daily chart that you might have I'm particularly interested in your view as to which direction the next four or five dollar move is coming yes if I knew that John I would certainly tell you but let me get the chart up first I think I can do that without any well I say I can do that without any trouble but God only knows and she doesn't trade so hold on just a second here I think it's here somewhere and here it is I believe this is the one I'm looking at this would be the one that gives you the best idea of where I think we've been and where we might be going so let's get this chart up so John and everybody else can see it we last night we made a 382 reach God bless America I'll tell you Johnny you know what these markets are getting to the point where a little bit beyond 110 percent and I'm about ready to say I think my radio career is coming to a rapid halt so hold on let me get this up here okay well I I just can't stand the frustration of the technique John let me tell you God darn it I just I don't know what else to do Johnny I'll try I'll try three time maybe that'll be the that'll be the I'm going to try to get this fix today and if I don't and screw it anyway there's a lot of support at 79 if 79 doesn't hold John I think we're going to go we we'll have Mike Moore on Thursday and we've had a tremendous move in heating oil and gasoline both broke out to the highs and then broke down again the day below those highs so the fact that crude oil was so far behind and he said that's and that's not unusual but boy I found it unusual he's going to be talking to us about I think that is really worth the you know worth paying you know really really close attention to so that's what I'm hoping that we get to see eventually but right now there's a lot of support it's a trading an 80 right now strong rally on Friday particularly with heating oil also known as diesel was in part driven by a large refinery outage down there on the Gulf Coast so you know if you can't process crude on the margin crude prices might be a touch weak and if you can't process crude you don't have the products that you normally get hence a little bit tighter supply on heating oil you know also known as diesel so that would explain that that very short term unusually high volatility in those product markets but yeah I'm not I'm not Larry I people I I talk to and again and they see what my trading is I've been thinking if we ever get up and over 83 and a half for a couple of consecutive closes that 83 and a half which in the policy use has been a roof uh price literally for the past 10 months that could become a new floor but we certainly haven't done that yet so so you know I'm going to get me on the bulls and they would appear the until we get over that the bears would be in control if you know if we get up near 82 83 yeah that's true it's got it the fact that there's lagging behind so much on the heating oil in the gasoline makes something but Mike really made a case for it said it's you know it's basically the heating oil the gasoline run the stuff so if it does that then and then I'll be able to go in it. But I'm looking at, you know, when it swings, if it makes a dollar a barrel for me, I'm fine. I leave the rest of the money for you rich guys from Wisconsin. You know, I know you're the guys that play all the big money, you know? Have you been, how's your health been? You've been everything? Right, so if you're guessing, as you created seven edge in the old, I've got a bridge from London to sell you. There you go, you got it. Hey, listen, thanks for calling in, buddy. We really appreciate it. Thanks, thanks a bunch. Hey, hey, John, John, John, stay on here. What are you, what's your feeling on the beans up in here? We're right up at the 78% level and reached our main target up here at around 1410. Do you think it's got a chance for a correction? Absolutely, no. Once we've come into these prior highs, you know me, I've been long like you the past couple of weeks. You know, this is the area to take some profits but be prepared to get back on board if buyers drive price right past those prior highs. But yeah, you and I see the same thing and of course I've learned much of what I've done from you, so I'm just seeing what you see. Thanks buddy, I appreciate it. I love you, take it easy. Call in once in a while, I like talking to you. Very good, bye. Bye bye. 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. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in 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. 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. 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. 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. Okay, we're back folks and we're wrapping up the show. I posted the chart that Dow Jones showing you that beautiful 135 pattern that we hit on Friday. Today we went up and we tried to take out Fridays High. We missed it by just a little bit, just like we did in all the other indices. The NASDAQ has actually been the one that has been a little bit weaker than most today. But if we go below that low, that is a really nasty sign because we did make a 382 retracement here in the Dow Jones up there at that 46,000. That's 46,000. 30, whatever that number is, I can't even remember. I do the S&P more than it is, equivalent to the S&P in around 44, 60. But anyway, we will watch that as we walk through here and look at some of these things during the day. Remember folks, these patterns work about 60% of the time. The other part of the time, they don't work. That's why you've got to put a stop in. That's the bottom line. Sometimes they work, sometimes they don't work. So you've got to decide how much you're going to risk. It's usually never more than $500 with the exception of crude oil and in the S&P and in gold, then you have to risk a thousand because those are wild markets because they're worth about a quarter of a... Well, crude oil isn't, but gold and the S&P are worth over 200,000 or close to 200,000. Crude oil is only worth about 80,000 but it still jumps around so much that you need about an 80 point to one full dollar per gallon stop. So same thing if you're doing heating oil, three cents, gasoline, three cents because it does jump and boy, it is active. But when you're right and when you're right, you make a couple of bucks and that's what we're trying to do here. We've had a good run here. More coming, lots of patterns, great volatility, the good time of the year. This is when the bottoms are made, you know, August, September, October. So when we get that bottom, it's going to be a doozy. So let's stay tuned and maybe we'll get it. So live every day in an attitude of gratitude and may God bless and we'll see on the flip side tomorrow. Remember folks now, tomorrow's guests will be, excuse me, Stan Harley, Wednesday will be Jeff Hughes. May God bless.