 The following is a presentation of T-F-N-N. Trade What You See With Larry Pezzavento Toll free at 1-877-927-6648 Or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good, Billy Ray feeling good, Louis. We start out the day today looking at the German Dachs. And as you can see there, it's just made a beautiful ABCD pattern in a downtrend. And the next one, of course, we have posted the chart of the FTSE and you can see multiple ABCD patterns in there also. And as a reminder, today our guest will be Stan Harle, you know, the Harley Stock Market Letter. If you remember, he was just on with us on the 16th of March. And at that time he said, we're going up and by golly, we've been going up in stocks for sure. Anyway, we're going to be watching those very, very carefully. But right now I'd like to tell you a little story. Way back in November, we had a nice young man come by the house and do some small construction stuff for us, putting in a sunlight, skylight and stuff like that. And he was very college educated, very nice fellow. And he happened to be looking over my shoulder while I was, you know, looking at the charts and stuff. And I showed him what I did and stuff. He thought that was very interesting. And he asked if I would take a look at one of his charts. And so I did. And I'll bring this up to you now so that you can take a look at it. You've all heard of it, of course. We'll discuss it here a little bit because it's in the news quite a bit today. And that is none other than our old friend Netflix that everybody uses. Well, everybody used to use it. Anyway, you'll notice here that here's where we are. And what I was showing him was this big, if you'll see here, this huge ABCD pattern up into this area right here. And then the smaller ABCD pattern right in here. And I said, look, this is a three drive to a top pattern. I said it's one of the most various patterns you can possibly get. That stock was trading above 700 that day right around Thanksgiving because his daughter was coming home from UCLA and by golly, son of a gun. We have, oh, we got a caller coming in. I better take the call first from Tampa, Florida. We've got Tom on the line. Tom, what can I help you with? Silence. I'm very good at silence. Just keep it up and you're going to do well, Tom. I guess that messed that up. I'm here. Can you hear me? Hey, hey, hey, hey. Looking good, Billy Ray, feeling good, Lewis. What can I help you with, Tom? Hey, I want to take a look at the stock, Larry, F-P-C-E. Okay. And what is that, Tom? Space. I guess these guys are going to be taking trips back and forth to Mars the best I can tell. Back and forth to Mars. Book me a seat, buddy. Make it one way. You know, just tell you what a strange world we live in, my friend. You know, I'm a big Los Angeles Dodger fan and they were playing Atlanta in Los Angeles. I'd like to look at that place because many, many memories I have of the Los Angeles, you know, Dodger Stadium there. And I was watching the game and all of a sudden I'm watching it. And I noticed these are these advertisements on the pitchers' mind. Mound for Geico and Lone Depot and three or four other things. And then I realized these are placed on the camera to look like they're on the mound. And they're just advertising the heck out of these things, these subliminal stuff. And I said, well, I'm afraid they're going to lose me again because I just don't go for that kind of stuff. I think if you're going to watch a baseball game, you shouldn't have to be inundated with advertisement everywhere, but that's neither here nor there. You know, what I'm going to have to do here, just give me one second. We can do this together because I know you're a very patient fellow. And let me get this up here so I can just add SPAC, is that it? Is that... No, no, no. Who owns that thing? Who's the big person? It's Aerospace and Defense is what it is. Oh, wow. Yeah, it's got incredible volume on it. Is it SPAC or SPCA or SPAC? No, SPCA. It's SPCA, isn't it? No, SPCE. Okay, SPCE. All right, let me get this. There you go, there you go. It just takes an Italian forex or trips to do something. SPCE. Look, that looks like space anyway. Here's what we got it at. Well, it's in the sewer right now. Trading it to... Oh, my gosh, every Chinese person in the world will be buying this today. Do you know why? It's trading at 888. That's a compliment of double aces in Chinese. That's a buy. Let me get this up here. We're sitting right at a beautiful 61% retracement. And hold on, let me move this over just one second here so I can get this over here so we can see it with any luck at all. I'll have it up. Please let it get in here for Tom. I want to see it because there it is. Oh, no, that's not it. That's something. Here it is right here. I got it in here. There we go. We're almost in business. Within a hair's breadth anyway. Yeah, this is not a bad looking stock at 888. And anyway, there's a sitting right at the 61% retracement. If it goes to 788, I'd sell it. But right now, it looks like it's got a chance. It has a beautiful bottom right down in here, Tom. We had a beautiful A, B, C, D right at the bottom here. And then we had a pretty good rally. We backed off to the 61% retracement. So your short-term trend is up. You're sitting right at 618. So you could buy it there and not risk very much at all. OK, sounds good. That's what I thought I was going to do with that. You're not thinking of taking one of those trips. Are you, pal? No, no. Not right now, man. My wife gave me one of those trips into this, you know, one of these quarter million dollar trips. You know, they go up and come back down in a matter of 10 minutes. But she made my trip, my ticket one way. I don't quite understand why. But I'm beginning to get the feeling of it. No, that's not true. Hey, listen, thanks for calling in. And Tampa's a wonderful place. If you see Tom and Tommy down there, tell them I said hello. Yeah, I will. I sure will, Larry. OK, thank you so much. You bet. OK, folks, let's get back. We were talking about the fellow with Netflix, and I told him I said, look, this is, hey, we've got a caller from Philadelphia, Pennsylvania, none other than Mr. Z. What it be, Mr. Z? How do you feel today, my friend? Larry, I'm doing fabulous. I am so intrigued and happy for you regarding your trip to London and the reception that you've got. That reception, my friend, is incredibly well-deserved. And I personally, and I know a great many people, thank you profusely for sharing your knowledge and counsel over the years. It's been invaluable to many of us, me included. Well, thank you, John. What can I do for you today, buddy? What's your last meal in this business? Yeah, T-bon futures, Larry. The low yesterday or day before was 138.14. Yes, sir. Yesterday I heard you comments regarding the severity of the decline the past weeks, past months and weeks, which you correctly called and I have been watching you and you've traded that very nicely to the short side. But you remarked yesterday that as you see it, the potential for turning point bottom was possible, wanted to ask you to expand upon that, please. I will when the break comes up, John. We've got to pay a few bills. We've got Mr. Zee from Philly on the line. We'll be right back, folks. 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 What's separating you from the most successful men and women on Wall Street? That's right, information. Having all the information gives us the perspective we need to place the right trades at the right time. The TAS Profile Scanner is the premier market-profile-based scanner. 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TFNN airs live financial content streamed live on tfnn.com and TFNN's YouTube channel 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. Free at 1-877-927-6648 Internationally at 727-873-7618 Okay, we're back, folks. We're talking with Mr. Z from Philadelphia, and John was asking about the Treasury Bonds and Treasury Notebottom that I'm potentially looking at. I posted the chart here of the long-term weekly here. You can see we had this 382 retracement here that completed this ABCD here at this 1.618 level. What I did yesterday is I bought the notes at 1904. I got stopped out of those at 28 for a loss of about a little under $200. The bonds went substantially lower as John was telling us about here today. But now we've rallied two full handles now in the Treasury Bonds, John, that I was off by a day, which happens all the time, as you know. So I'll be watching to try to buy the bonds on a pullback. What's interesting today, John, and I'll try to bring this up. I had so many charts today to share with everybody because so many things were happening that I wanted to let the folks see the value of some of these things we watch. And all I got to do now is find the doggone thing, and I know I will. And I want, well, there's just so many, there's so many three Tuesdays a day, John, I can't count them all. And all of them work, but one. And I'll tell you, it's, oh, that's, that's a read again. Hold on. Is this it? This is it. Shut the front door and raise the rent. I found it on the 12th try. Hold on it just a minute, pal, and we'll get this up here. This is what's happened over the last 48 hours or so in the Treasury Bond. You see, we made that big low down there, we went up an exact to the 382 today. We backed off just a little bit to the 382 off this low and we're now taking that high out right now. That's the first sign that this market has turned, John. So that's, that's what I'm looking at. And I, you know, if we go below that low now that we made it 3810, I believe we're probably going to go down to 30135 would be my guess, but a major, a good substantial bottom is here. And believe me, John, everybody knows that interest rates are going to go higher and this market is incredibly oversold. We are seven standard deviations away from the mean on that two year note, which that just never happened before. And I was going to show the chart on that in just a little bit. And since you're on the air, if you'll stay with me, I'll show you that chart because it is been really a lot of trouble for BlackRock. And here, here is the chart here. We'll get it up here and you'll see what's happened to this. This thing has dropped 28% folks. And this, you can see where it is now compare where it's been at other times. That's how oversold we are in this TLT. So we're a do for a massive rally, whether that'll move stocks around or not. I'm not really sure. All I know is that that's been a really big move to the downside. We're due for a bounce. Interest rates are going higher. But how much higher and stuff? I'm not really quite sure. I'd like to have your feedback on it, buddy. What do you think? No, you know, I have no feedback to contribute, Larry. You know me, I focus on intermediate term trends. Many markets, I don't see the intermediate term trends coming. And so if I don't see it coming and it starts to go that way, I essentially just monitor from the sidelines. That has been my case with, frankly, the past nine months of the bond market. So that's my situation. I do have to ask this, Larry. I do recall the last time I heard you and Larry Williams speak, he was out in Red Lodge, Montana at that time, his last summer, August timeframe. And he was describing how he had a very large trading long position in the T bonds. I think he took that on in June or something. And he was taking profits into August and his cycle work was calling for topping. So I'm sure he made lots of money coming back to short side. I'm wondering now, if you've spoken to him, if he's got any cycle work that suggests the bottom and if so, you know, what sort of cyclical timeframes he has for potential rally? Well, John, as the trading gods might say, we got really lucky yesterday. I spoke with Larry because our good friend Jim Dines passed away at the age of 91 over in California. And we were chatting about that. He was a really stand up guy, just nice as fellas you'd ever want to meet. But Larry is looking to the long side of bonds in here. I know that whether he's in him yet or not, I'm not sure. But I know that's one of the things he looks at because of the cyclical, the cyclical nature of it into these March, April, May is usually really good for the rallying bonds. But the fact that it's so very, very oversold. So that's all I can give you from that standpoint. Now, that is so funny that you just spoke to him this week. That's terrific. One last question, Larry. And by the way, thank you for your work answering my question. With your assessment of the longer-term chart that deeply oversold nature, are you therefore trading? You know, I know how you trade. You trade short-term. I understand the tools and techniques you use. But do you now switch your bond and T-note futures trading exclusively to the long side? Or would you just look for your patterns and trade both directions as you see it? I trade both directions. Last night, we had a 382 retracement in the bonds and I sold it, had $500 in it, went down to the 382. So that's all I was interested in doing. And so it worked very, very well for me. So I just moved on. John, I'm really good short-term because, you know, in short-term, you can make less mistakes than you can on the long-term. That's the bottom line of it. So, but it works for me. And, you know, that's what I try to do is to keep the loss as small and try to make more than I lose. That's really what I'm watching for. Thanks for the input, Larry, and taking the call. We'll look forward to your conversation with Stanley today. John, always love to do it. Okay, folks, you bet. We'll be right back, folks. And we're going to talk just a little bit here more about Netflix. I have to show you this, folks. This was Netflix yesterday. You can see the high that we made back here at this level right here. Believe it or not, folks, at 353 yesterday, we hit an exact 382 off of that high. That high was about 10 days ago. And there's been a slight sell-off in the Netflix, as you can see today. Those of you that bought the put options at that time that I recommended, I'm sure you've done pretty well today. And if anybody believes that, I still have two shares of the Brooklyn Bridge. I don't trade stocks, but boy, what a great place to get short. Look at that, folks. You sell it at 352. It drops $100 a share. Are you kidding me? Boy, oh boy, that's something that's really seriously wrong with that. And speaking of that, I wanted to show you something. We'll get on to the next one right here very, very shortly, because it's just as important as anything else because the fact that it hit it so perfectly today and couldn't go any higher, and that is the 382 that we have working in the NASDAQ. You'll see there it is right there. There's a perfect 382, folks, within one point, one point higher of the 382 that we made way back here a long time ago. You can see we've been in a downtrend with all the A, B. There's A, B. Perfect 382 right here. A, B, C, D. A, B, C, D to the upside right at the 382. Can't make it up. I don't know why it happens, but it certainly does. Those of you that follow some of these things I sent out last night, we hit so many 382s. All of them worked but one, and that missed it by just a little bit. And I'll show you the one that's really interesting. We'll be right back, 877-927-6648. Stay tuned for Stan Harley, folks. 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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. The Art of Timing the Trade Charts 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 Okay, we're back folks, and I believe we have the man who said the stocks were going to start going up on March 16th on the air, none other than Mr. Stan Harley of the Harley Stock Market Letter. Stan, are you in the house? Mr. Pesavento, I am indeed. Well, you can call me Larry, you can call me late for dinner, but my goodness, what a great call that was on March 16th, my friend. That was spectacular, and we've been bouncing around a little bit, but certainly going straight up since that time. Are we still going to go higher, Stan? I believe we are, Larry. Yes, indeed. I think the technicals certainly support a rising market environment. Despite all the negative news out there and the terrible war going on in Europe right now, the technical underpinnings, the cycles, the indicators, advances in the clients, all of those things that we're going to review here in just a moment certainly support a rising market environment. Well, Basil Chapman certainly thinks so, and certainly I'm not going to stand in front of that trade train, boy, when market won't go down on bad news, it only got one way to go and that's up. I learned that a long time ago. Okay, you want to tell us at the first chart we're looking at here, Stan? Absolutely, Larry. This is a chart of the S&P 500 going back about five years. This is a weekly chart, and this is just an update of what you and I talked about in the past. What I have shown on here with purple vertical lines are indications of a cycle that I found averages 34 weeks over the long haul. This is the dominant intermediate cycle in the stock market. It fluctuates, sometimes it expands, sometimes it contracts. But over the long haul, the nominal span trough to trough is right at 34.000 weeks, 8.000 months. Those two numbers are Fibonacci, which is the mathematical derivation of the cycle. We're coming out of those mid-March lows right now. One can see that the price low actually occurred on the 24th of March, but the cycle bottom I'm sorry, the 24th of February, but the cycle bottom, which is the point at which the market started going higher actually occurred in mid-March as you talked about just as we began. I see it's heading higher. Wow. Okay, the next one we're going to take a look at. Let's go to the next one, Stan. Larry, this is a chart of the New York Composite Index, which is the broadest measure of market activity. It measures all of the stocks traded on the New York Stock Exchange and curiously the financial media never shows this and I don't know why. But beyond the Dow, beyond the S&P, beyond the Nasdaq, even the transports, this is the broadest measure of market activity. And I ran this off shortly before our interview here this morning and it is in the upper half of the trading range, not far from an all-time high. Yeah. So. You know, Stan, I might have your answer why they don't show it, and that goes back about 25 years ago. We used to have the footsie, if you remember, I think that's what they called it, wasn't it? No, the knife. The knife, the knife. Well, footsie knife, one of the... the knife and that Paul Tudor Jones was a huge trader in that, but the volume started to dry up, of course, when the S&P, the Nasdaq and the Dow Jones started to move around. But what happened was they used that knife for actually calculating the value of mutual funds from what I understood. And that's why, because it's not tradeable, they just don't talk about it very much. But it's a really good index for showing where money's going and stuff. I've always felt that. I mean, it's been quite interesting, but that's what I heard, and that's why they did that. Well, interesting you say that, I traded the knife a lot as well. And what I liked about it was the margin was much lower than it was on the S&P. Sure was. So you got, assuming you're on the right side of the trade, you got a much better bang for your buck by trading the knife versus the S&P. And we didn't have those herky-jerky moves that you get in the S&P a lot. The knife didn't do that. Or very seldom did it do that anyway, for sure. True, because there's 3,000 stocks that comprise it as opposed to 500. You know, we first started trading this S&P back in April of 2000, and excuse me, in 1982, you know, it was $500 a point. And now we're trading in one tenth of that, and we're still having huge moves. My goodness, can you imagine trading that thing at a full value now? Holy cow. That was really something. I, those were the good old days, but all the days are good, and all the days are old. That's the way we look at it. Okay, what is this next one that you're looking at is the the S&P- Yeah, this is the daily chart of the S&P 500. The last two were weeklies. This is the daily. And I think this will illustrate what's going on today. We had an opening pop. We backed off a little bit, and here's the reason why. This chart has three moving averages on it. The one in red is the 200-day. The one in blue is the 50-day. And the one in green is the 15-day. And why do I choose these? Well, it's a lengthy explanation. It has to do with cycles, but those three time periods are closely aligned with the cycles in the stock market. And that's why these moving averages pick up the moves and denote support and resistance so very, very well. Well, look at the green line, the 15-day. It's still coming downhill. The S&P 500 rallied up to it, and it was a resistance line. And so we're trading a little bit below it right now. I think the trade wins are from the south, which is going to push this market higher. But in a very, very short term, we're doing a little bit of jockey in here, what I call back-and-fill structure. You're the side of the 15-day MA. And then just above that, we've got the 200-day moving average. So we're going to have a little structure, short term, to work our way through. But as I'm going to show here in the next couple of charts, I think the trend is northbound. Well, you've certainly been spot on, my friend, so you have to listen to someone that's been as right as you are. That's for sure. Okay, let's take a look at this next chart, and now folks will be able to take a look at it. This is your advanced decline line? Yes, Larry. This is the advanced decline line. And what this is, is it's data that's derived from the New York Composite Index. And every day, there's a published list of advances and declines on the New York Stock Exchange. I simply subtract the two and then maintain a running summation of that difference each day's net difference. And it etches out a line called the advanced decline line. And as you can see, the advanced decline line bottomed on March the 14th and we have been pushing higher. We topped out around March 29th, sold off into last week and now we are turning up and that green line that I have plotted on there is just a smoothing, it's a 10-day moving average. And the advanced decline line now is moving higher. Okay, now the question that I have is I've noticed that we have lower tops in here. Does that give you any type of concern or anything to seeing that or the fact that it can't take out those highs as of yet or not? Well, yes and no, there's a yes and no answer to that question. What is significant is the advanced decline line topped out in early November. But the New York Composite topped out around the 13th of January. So as you can see on this graph of the advanced decline line the AD line made a lower high even as the Dow, the S&P and the New York Composite made higher highs. What that was doing was suggesting that a sell-off was imminent which we got into. Okay, listen Stan, stay with us for your last chart we'll be right back with Stan Harley the Harley stock market letter. We'll be right back folks. 877-927-6648. Are you in the market buying or selling real estate in the Bay Area including the surrounding St. Petersburg Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. 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Distributor, 4-Side Fund Services, LLC. Visit DirectionInvestments.com to watch Tiger TV. Give it back folks for speaking with Stan Harley, the Harley stock market letter and he's going over his Advanced Decline Oscillator now. Tell us what you're seeing here Stan. Yes Larry, this is a different way of looking at advanced decline data. The last chart we reviewed right before the break was a running summation of each day's net difference between advances and declines. Well another way to look at it, I take the same data and instead of maintaining a running summation, I just compute a 10-day moving average and a 30-day moving average of the exact same data and plot it on the graph. And this constructs what I call an Advanced Decline Oscillator and it goes above and below zero hence the term oscillator. But it can tell us a lot about what's going on so to speak taking a peak beneath the hood so to speak. Notice at the January lows right around the 24th of Jan the 10-day moving average reached an extreme of about minus a 700 minus 800 right in that region. Then we had a brief rally then the major averages broke to a lower low around February the 24th not round right on February the 24th and look at this the 10-day moving average in the net difference between advances and declines made a higher low and then again the closing averages of the Dow, the S&P of the New York Composite made a lower low on March the 14th but this oscillator made a second higher low. That's divergence and that's bullish divergence hence the move higher and you and I discussed this on the air the last couple of months as this was evolving. Of course we pulled back into the middle of last week and now we're starting to trend higher but look at that 30-day moving average it is higher than where it's been for the last several months. That structure tells me we are in a bullish environment Larry and the market is going to go higher. Certainly looks like it Stan you're not going to get an argument for me on that one my friend. Hey listen I want to thank you for joining us today we'll have you on again in a couple weeks and I know your time is valuable but we love to hear what you have to say and it's a first-class stuff so thank you so much for sharing with you with us and we'll have you on again soon if you don't mind in a couple weeks that would be great. My pleasure I look forward to it. You bet. Stan Harley folks at the Harley stock market letter you can reach at harleystockmarketletter.com and get an idea of what he's looking at in some of these markets. Now I wanted to cover just a couple things here because we've had several of these markets that look extremely exciting here huge moves here I'm going to bring up the natural gas here right now so we can take a look at it most of you folks not familiar with natural gas as far as a trading vehicle but it does all kinds of moves you'll see up here we made this high just a couple of days ago right at $8 that's a $10,000 move on the downside folks you can see the ABCD stopped just short of the 382 and then what did we do last night we made nothing more than another A, B, C, D exactly at the 382 and it immediately dropped $5,000. The margin on this is $3,900 folks well it's raised a little bit now it's about $4,500 I understand but that's still unbelievable the types that's a hundred handles in the S&P you know so that's a huge move so those are just some of them we had guys there were so many of them last night that I think there were five and of the five four of them worked the fifth one was just barely didn't work but still had a slight profit in it but there's a really interesting ones to pay close attention to by the way the story on the Netflix to finish it up here the gentleman I don't know if he ever got out of the Netflix he said he was going to but he did mention that he didn't believe in technical analysis and I gave him the book by Jesse Livermore the reminiscences of a stock operator and I told him on that chart of Netflix I said well if you don't believe in technical analysis now you will shortly is what I said to him but you can't get it we got to share a couple of charts here that people have asked us to talk about one here is SARS let's get this up here so you can take a look this is the reverse of the arc in other words it's the short of the technologies as I understand and as we look at this you can see we had a beautiful three-drive to a top pattern up here just perfect ABCD that's in the yellow the yellow triangles you'll notice the 61% retracement right here that forms a head and shoulders pattern with the move right back here they're almost exactly at the same price the time between the two is exactly equal so that's a perfect a perfect three excuse me 61% retracement which suggests that maybe the technicals are going to get a little bit of steam in here possibly because this is a reverse of the technicals I understand folks this was told to me so I didn't check it but that's what the the smart minds outside of the commodity and 4x markets are talking about so that was one the other one was the of the European stock stock market let's get this one this was very strange I got a comment about this one I hope the gentleman is listening because I think he's going to be I give him a little bit information of the problem with this this is a nice pattern you can see the guardly pattern right here it should be sold but look at this volume down here if you're trading this folks there's so many things you can trade that are so much better than this the highest volume this thing's ever had is around 50,000 shares I mean Netflix does that in about 10 seconds and that's a $200 stock you know so that well not 10 seconds and you know a couple of minutes but anyway that that's just not enough volume to trade you know you can see the spaces in it stuff like that it's a nice pattern it's a sell saying it's going to go down supposedly but it's just not it's just not worthy of your effort because of the light volume on that that was the first thing I checked when I saw that the fact that it was an ETF with such light volume I didn't think it'd be worthy of that so I hope that helps it's my two cents worth and you get what you pay for as you say if you pay more than two cents you've overpaid now we're starting to see certain things in the market that are telling us in these grain markets that are a little bit a little bit scary let me bring this one up here right now this happens to be the wheat market you can check it out also with soybeans they did pretty much the same thing but here again with the wheat there was our high that we made back here look at our look at our high last night exactly at the 382 to the tick and then boom down she comes 20 some cents I mean this is telling us that maybe things are not so kosher as they try to tell us over here so we got to pay attention to these commodities because they might be heading down and that would be interesting to see how these things would start to move around as they as they go through these different cycles that we see all the time now we had another one also in the gold market that was very very interesting and if I can just find the doggone thing and I think I will I think I can I think I can here it is right here let's get it up here we'll be able to take a quick look at it and I have this was as it was when we sent it out you'll notice here that we went up to the exact 382 again right here at 1957 the high was 1957 and a half and there was a there was your first 382 right here and there was your second one we went all the way down came down to 46 we're trading around 52 right now that's got a break even on it let's take a little break 877 927 6648 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 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with our tfnn and host live during their shows interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day subscribe to the tiger's den risk free 30 day money back guarantee and become part of the tfnn trading community tfnn educating investors back folks I posted the chart that I think is the most important of the day this is the 382 on the NASDAQ going back to the high that we made way back there in late March back on the 24th I believe we came down we took out the high of the 14th folks by 20 points and we made the exact 382 retracement folks to the exact tick it went one point above it above the three two so you have to say that that is valid now if we get above that boy that should mean a heck of a rally coming on and so we'll see what's going to happen from that level someone asked me about Netflix folks I just look at the charts I don't know anything about it never been a Netflix subscriber I mean to do that now either but this is a very interesting chart that we have here in the NASDAQ the fact that hit that number just absolutely spot on so very very important and as you can see from the German DAX we're seeing that same pattern in the German DAX that I posted first when we started the show today exactly at the 382 retracement tomorrow we're having Tim Boss financial cycles weekly we'll be chatting with him talking to us about the cryptos he's had a pretty good handle on those and we'll be all really interested in that because the cryptos have really held a major bottom in here and looks like if we can get it above 48,000 this thing could really have legs in the Bitcoin market but of course it's a long distance from that level right now also folks even though we've gone through I have a funny story to tell you if you go into Hong Kong folks quarantine and the hotel that you go into gives you all three meals but your ticket your ticket your pass into your room your ticket your key into your room is only good one time if that if you try to get out and then go back in again you're in big trouble so the key only works one way one time and that's it the rest of the time they bring the food into you and that's it for seven days whether that'll change or not I don't know but you know it looks like many of these things it's amazing how one man a federal judge can say yeah these masks are no good and the rest of the world says yep you're right and all of a sudden all the airlines yep no more masks and it's amazing how things change isn't it it's not how you vote or how you count votes it's how you weigh the votes so live every day in an attitude of gratitude and may God bless we'll see you on the flip side tomorrow with Tim Boss you