 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, looking good. Billy Ray feeling good, Louis. We're going to take a look here at this German DAX, the FTSE. You can see they're all moving higher, at least they were earlier, or they're having a sell-off today like we've had a tiny bit here in stocks given the jobs report remains to be seen. But we'll look at these as we go through. The one thing I do want to show you here, folks, is the German Bund. You'll notice here this is the long-term weekly on the German Bund. And we'll get this up here again to take a look at it. Also, regarding the open interest in the Treasury notes and Treasury bonds, yes, again, the Treasury notes and Treasury bonds showed a drop in open interest again on Friday. I don't know when this thing is going to stop. It might be today. It might be never. But that's neither here nor there. So we'll take a quick look at it as we look. All right, we're going to do something different this morning, folks. We're going to go back through the history books and just see what's happened to some of these markets over the years and how we got to this point and how I started trading it. I think the best place to start is probably, you've always heard the story about the college stuff and the silver and all that. I know you've heard that. But let's just go into the late 1960s, 68, 69, 70. I was in Westlake Village, California working for Eli Lilly. And I had a really, really great job. And every morning I would go in. I was working at UCLA, was across the street from the McCulloch Oil Building. When the 20th floor was the offices for Conti commodities run by Roy Fassel, Rick Barnes, Ricky the Rocket Barnes was one of the brokers in there. Tonyman was a broker there. They had come over across the street from the Howard Hughes Building where Clayton Commodity had an office. It was taken over by Conti and made it easy. Remember, folks, back in those days, we didn't have no computers, of course, but we didn't even have charts. You got your charts once a week. If you wanted an intraday chart, the only way you could get it was off an ADP, Automatic Data Processing Machine. And it cost $5 to get a five-minute chart over the last hour. And we didn't have anything. All we had was a Bunko Ramo board, one of these really large boards that covered the wall. And they had red and green flashing lights, and it made clickety-clickety sounds all the time. One of my good buddies, Dennis O'Shaughnessy, in Chicago, who's a third-generation corn trader, he has that board in his den in Chicago. Live board, you just click it on, and it works like the old days. I only get a picture. I will. It's really a cool thing to have for that. Anyway, that's basically what we were looking at. One of my big turning points was 1970, because the book, The Profit Magic of Stock Transaction Timing, had come out, and it was written by James Hurst. Hurst would later, in 1977, become one of my accounts at Drexel Burnham. A very nice man. He was an engineer. I believe he used aeronautics. I think that's where he was. But he was very, very quiet. He didn't actually like trading. I think he did three trades with me in two years, or three years, or something like that. When retirement came, he moved up to Grass Valley in Nevada City. It's up in the Sierra Nevada Mountains, not too far from the other side of Lake Tahoe, on the California side. He lived there for quite a while. Let's get back to 1970. They came out with this book, The Profit Magic of Stock Transaction Timing. At the same time that book came out, another book came out called The Torque Analysis of Stock Market Cycles by William Garrett. Now, Garrett was also an engineer. He was living in Hawaii. Both books were published by the same company, and I believe I have or if I can remember what the name of it was. I think it was McMillan. I'm pretty sure that's what it was. Anyway, the problem was the Hearst book was a bestseller because it only cost $8.95, and the book and much easier to read than the book that was written by Garrett because it cost $29.95. So there was a big difference in price there. Anyway, the guy named Ray Fershet took Mr. Hearst by the wing, and Fershet was a promoter and a very, very good one, folks. He came out with this charting service called Cycletech, and basically what it does, it gave you the cycle laws forecasted for the next week. It came by special delivery, 11 by 14 charts. The only way you got your commodity charts, folks, was by special delivery from CRB, the Commodity Research Bureau chart. You'd get those on Saturday morning also, and then in 1970, they started this Cycletech thing, and they would look for cycle laws, and that's what they were trying to do. Let me just show you, I pulled one of these things. I have a little article that was written in Stocks and Commodities Magazine, so nine years ago, and it talked a little bit about that. If you want to have a copy of this little article, it's about eight or ten pages. I'll send it to you, just drop me an email, send me a check for $1,000, and we'll call it Square. All right, let's take a look here at the next thing that we're watching here. This is what the Cycletechs looked like. You'll notice you see where those little diamonds are down there, where it says the 80-day expected trough expected, and you see how they line up and stuff like that. That's what they were doing. They were looking at these cycle laws. Well, the thing that Hearst worked on was a thing he had eight rules that he talked about. Some of them actually, during the time that he brought out the stuff, it was worked for stocks and commodities, but during the time that he brought it out, during the 70s through 73, 74, the darn thing worked perfectly. But boy, after that, it really changed. I mean, a lot of things happened during the crash of 1974. Let's take a look here at some of these rules that they had with these things. These were the eight rules that Hearst had. Commonality means that these cycles are common to everything. Cyclonicity, price movements exist in a combination of specific ways and exhibit cycle characteristics. Summation, this is summation that these waves combined at the same time. That was that chart I showed you where they're looking at the nesting of lows and stuff. That trouble is that doesn't happen very often. Harmonicity, we already know what that is because we look at harmony in the markets at all times. Synchronicity, we look at that all the time. We see that stuff going. Proportionality, that's basically what the harmonic numbers are and what the ratios of the Fibonacci numbers are. There was no ratio related to Fibonacci in any of his book. I mean, there was nothing related to it. There was a great deal in the book for William Garrett, but not this book. And then nominality is that there's a nominal cycle. And that's true. That nominal cycle is usually 16 to 18 days, but they only work one or two cycles and then they shift back and forth. And the last one, variation, the four principles represent the strongest tendencies from which variation is to be expected. I never could figure out what that one meant, but that's pretty much what it was. We kept it pretty simple. We watched for eight days lows, ten days low. Let's give you an idea of what I was looking at when I was watching some of these things here. Here's a perfect example of just give me the right one up here and we'll take a look at it. Here is a chart for Intel and I just wanted to show you what it looked like. This is... All right, we'll be right back. 877-927-6648. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets, such as stocks, ETFs, commodity futures and forex. 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Details on the Tigers Den are on the front page of TFNN.com. TFNN has launched our brand-new website. You can still visit us at the same TFNN.com URL. But when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com Educating Investors. Okay folks, I'm talking about the Hearst book and how it affected my trading and stuff. And I would look for these nominal cycles to come in every 16 to 18 days. Now remember, I was doing commodities that worked very well with commodities from 1970 all the way through 1973 and then these cycles started to shift and disappear and really get very, very difficult. But the money management stuff, if you'd used it, still worked and common sense still worked. But the signal that we used to get in with the Hearst stuff was a thing called the breaking of a valid trend line. A valid trend line was a line drawn from the top to the bottom that connected various spots and they were valid if they hit the Fibonacci numbers. I found this out later but that's how I entered the market and it was really simple in those days folks because we were in the midst of the Russian grain robbery that started long before that but prices had been going up and I didn't know much about selling short. I just knew how to buy and that's pretty much what I was trying to do. So if we take a look at this chart here you'll notice that I'm going to show you the valid trend lines you'll be able to see that natural gas is moving folks. We thought that it would be thanks to Mr. Z bringing us to our attention again. Thanks there Mr. Z and I'll try to drive by and that natural gas looks like a good one right now so let's see what's going here. Anyway you'll notice the cycle bottoms there those are the nominal cycles 61, 122 and those are the valid trend lines and they're very, I just draw these to show you what the concept was like that's really what I'm trying to do and as you can see here that cycle worked actually for four times which was actually pretty good usually it only works for one or two times that way. We see that happening all the time so that's what this was all about. Now there was one really good thing about the Hearst stuff and remember it only lasted about four or five years and then it was gone I mean it just disappeared so did Ray Fershet with a lot of people's money. Anyway let's move on to the next one that I wanted to bring to your attention which was I think the most important thing that Hearst talked about and believe me folks at this meeting that they had up in San Francisco at the Stanford at the Stanford Hotel I think it was there were 150 people in there that's where I met John Hill Larry Williams was there Peter Lighties was there, Jake Bernstein was there oh my gosh there were so many people it was just unbelievable that were there all the time Richard Mogie from the foundation for the study of cycles was there everybody was there it was Gertrude Scherck there was a whole bunch of people right there but in this book the one thing that Hearst talked about was a concept called high translation and basically what this is is I'll bring it up and I'll show you using Intel as an example now you notice the 34 day nominal cycle there you'll notice that when you go up you crest on the right side of the crest that's a bullish one you notice the next one crest right in the middle that's a bullish one look at one of the high translation to the left you see that one up the top there the very high one that's high translation from the left it goes all the way from the top all the way down to the bottom of course the cycle is shifted but by that time you've already lost most of your money that's how I lost my money folks I would see high translation to the left but I didn't know what that was so all I was doing I figured there would be another bottom coming in here in about eight or nine days and I would buy it it rallies for three or four days boom down for ten days rallies for three or four days boom down for eight or nine days after about seven eight weeks of that man they hung me out to dry big time best trade ever made though I'll tell you that tell you why because when I got finished with it all I really respected the Gartley book and studied it and it made me much much better the money wasn't that important well you know I paid a lot of money folks but I spent a lot of money too and fortunately my trading capital was dissipated I had a debit back in October of 1974 I had a debit with Conti of twenty seven hundred dollars and I back in those days we didn't have the CFTC that didn't come until 1975 and the NFA didn't come until much much later than that into the 80s I believe sometime but you could trade off a debit balance based on the firm you were trading with and since I had done so much commission business with them they allowed me to trade I didn't trade for a few weeks and then I found a really nice cycle bottom in what I thought was pork bellies it was pork bellies it was a bottom and I got it right and I immediately made twenty seven hundred dollars plus a few hundred dollars I closed the account I left a few hundred dollars and I just didn't trade it and I didn't trade for a year and all I did during that year was study the book of H.M. Gartley and those patterns and start to understand you know what the heck was I did wrong and I went to see my old buddy Dr. Noplet and he laughed at me he said if you think you're the only person who ever did this he said you're sadly mistaken he said get back on your horse you're wrong and start all over and that's frankly what I did now what I want to do is to show you the difference between what's happening in the with the Hearst book as opposed to what happened with the book by James Hearst okay that was I'm going to make sure I don't miss anything here that I want to talk oh this is a couple charts here I wanted to show you from Hearst book the other charts that I'm going to show you are from the book by H.M. by William Garrett because I think that's the one that would really be very very interesting he looked at cycle theory a little bit differently and that's the whole key to what we're watching here here's what here's an example of some of the things both of these guys were engineers and you know they were hold on just a second we can see this you can see this shows you the different types of cycles and how the market thrusts you know that's really what he's trying to show you here on those four different cycles that are there and sometimes they are happening all at the same time so that's what you're trying to do is to find some of these things now Hearst he passed away about a few years ago he was almost 90 I believe he was still up there fishing for trout up in that area in 1994 Jim Ed Dobson asked me to contact Hearst I did and Ed Dobson put a course together for $600 giving all of the stuff that Hearst had studied on into a big course with all kinds of charts and videos and tapes and stuff and that went pretty well for a while but the cycle theory was good the problem is it shifts back and forth like everything else but it did work pretty good but we finished this next segment I want to talk a little bit about William Garrett because this guy was a flat out pioneer I mean this guy was so far ahead of everybody else I mean these books came out at the same time McGraw Hill was the publisher of those books Garrett's book the profit or the torque analysis stock market cycles they only sold 200 books at 2995 I'll explain to you I contacted the Reese Garrett many years later well 1990s when I contacted her but and I'll tell you the story behind it and things but that's the real skinny about what this is about and Garrett's book was filled with sacred geometry and the Fibonacci levels that's the book that was a really good book 877-927-6648 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 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 watching during the day this will be up to the date active trading information that will help you in trading in Larry's first week alone he sent out 25 charts 6 videos and a full report to his subscribers in just one week if you're a technical trader that uses patterns and retracements to trade then Larry's service Fibonacci 24-7 is something that you must try right now new subscribers can get a full 30 day money back guarantee with nothing to risk sign up now to Larry Pezzavento's Fibonacci 24-7 by visiting the front page of tfnn.com under trading newsletters the path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity 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of 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 $79 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 just get your copy of 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 Mr. Bill is asking how do we spell Garrett's name you've got it right it's G-A-R-R-E-T T I believe let me see shut the front door got this book I explained a few books I keep right on my my desk here and it's two T's William C. Garrett that's a that's it let me show you this next chart folks this is an interesting one and the story behind it is really quite funny so I'll get this up here to let you take a look at it here I hope we get this right this is one of the charts that he has in his book and I wanted to to show you this particular one here folks if you want this Garrett book I bought the rights from this from Mrs. Garrett many years ago back in 1990 I'll tell you the story in a minute but I have that book on PDF file if you'll donate $25 to the the gospel mission for socks and stuff I'll be happy to send it on to you if you haven't got the money just tell me that anyway look at this chart here you see this chart here it says Fibonacci result from movement of the axis of a circle this was in one of the one of the pages of the book and years ago and I and I still do it when I have a good win at poker or you know playing the horses or something you know a few hundred bucks I'll put a hundred or two hundred dollars into the into a page of the book of my favorite books not just this one I don't know why I had a hundred dollars in this one but anyway I was going through that book and a hundred dollars popped out and I looked at that page I said well that's pretty cool and so I I made a copy and then I I sent the old thermal facts over to Australia to Bryce Gilmore and about one o'clock in the morning California time I got a call and it was the old cowboy himself and he said where did you get this chart and I said oh I said that comes out of a book called torque analysis of stock market cycles by William Garrett and he says my god he says I got to have that book he said you just solved this problem that I've been trying to solve for three years and I said what's that he said how to square a circle and I says well it's over my pay grade I said what do you mean he said you see the number up to the top that says point one one eight he said that's the secret to squaring a circle and I said well that's really great he said I got to have that book and I said well I said I have a copy of it I said I'll go I'll go down tomorrow and I'll copy it and I'll get it out to you just you know I'll send it expressed you'll have it in a couple days he said I want it today I says Bryce it's one o'clock in the morning he says have I ever asked you for anything I said nope I said okay so I got up the only place you had open at that time back in 1990 was to go to Cal Poly San Luis Obispo to their printing department because they had a video stuff all available for you so you could copy everything that you wanted and so I went there and I copied the whole book 300 pages and then I had to send them to him by fax at 25 cents a page and well no it was more than that I don't remember what it was anyway he got the book he read it all and about oh it must have been 13 14 hours later he said do you know if this woman's still alive and I said or if he's still alive and I said I don't think that he is because he was quite old at the time this was you know he wrote that book in 70 1970s and here we are 20 years later and I called Hawaii and I saw a Clarice Garrett living in the penthouses on Alamo on a boulevard and I didn't know if it was her or not I called her up she answered the phone and it was her that was her and her husband had been in Iowa they retired in Hawaii where he was a broker for Walston and company he had one account it was his own account it was money left to him by the family farm and stuff and he basically bought and sold bonds to give him as much interest as he could possibly do you know get as much interest that he could possibly get from this stuff but that's that's the real reason for why we were you know how I got interested in this and so I said to her I said would you like to can you tell me something about you know your husband said what did he read in everything he had wonderful books he said they're really big on Egypt stuff he had a lot of books from Egypt and he said when he passed away he said I gave everything to the University of Hawaii library for them and he said the problem was all the books were stolen they didn't last more than just a few weeks all the books were gone and I said oh boy so anyway I said I'll call you back I'll probably have some more questions I said I talked to her and Bryce said well you know what we got to do is we've got to talk to this woman she said I'm on my way to see you in California by golly he came out we called her and we we flew her to California she was going to visit her brother up in Fresno and she spent the day with us and she told us about the book how many they had sold the fact that they she had a substantial retirement income from the farm and the bonds and stuff like that but he didn't like trading much like W. DeGand he smoked a lot but he really studied Egyptian philosophy and things like that was the one thing that he really did but he didn't trade very much at all is what she said and then I offered her I wanted to buy the book she wanted to give it to me and I said no can't do that so I paid her five grand for the rights to the book and didn't do anything with it really really didn't I think wait a minute we did yeah Ed Dobson reprinted it at one time and I don't know what they're doing here at that spot anyway that's what happened so the main thing the reason why that the squaring of that circle was so important and I'll just show you the next chart that really describes what cycle theory is about folks boy oh boy this is really frustrating I gotta hold on a second here one second here let's get this up here and you'll be able to see this one here there you go this is the page 89 on the book here this really describes the cycle theory the way it really should be described because you see when you're looking at a chart you see the square that's there at the bottom there and you see how the square expands to a circle the circle explains to an ellipse all the way through this it goes from 618 to 1.618 2.618 to pi I mean that's the stuff of what cycles are made of folks and remember these planets that we deal with they run in elliptical orbits like this so that's why that probably makes a big deal by the way of those of you that follow Mr. Winsky he reported over the weekend that it was his strongest spot to do anything for the month was Monday morning that's today I don't know if it's going to be the top in the market or not but you know he does get lucky once in a while a whole lot more than most of us do that's going to be the case we'll have him on probably before we have the next lunar we have a lunar eclipse due on the 16th so we'll probably have him on somewhere around the 15th so that's what happened with the Hearst book and you know that's really what it's all about and I can you know that's basically the my study of cycles and stuff and all the stuff that I did you know it's pretty much pretty much the way that it went so I hope that helps you a little bit anyway we'll talk about some of these markets we should be over low in the Euro today folks but we're down at the 78% level we're at death's door on the Euro as we speak right now so if we don't you know we're do today is the if we take a look at this Euro we'll bring this up oh shut the front door and raise the rent here's the Euro right here you'll see here there's a little bit of the cycle theory you see from the high to the low 7 trading days down high to the low 7 trading down that's today we're setting right at the 78% level right now at 112 30 so it's got a hold this level or we're going lower 877 9276648 you're in the cd market and looking 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. 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ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds, South African Rand as well as 25 different mining equities with specific buy-sell recommendations as of April 1st of this year the gold report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30-day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of TFNN.com don't let gold's next big run pass you by, sign up today will the S&P 500 continue to climb for bold trades on US large cap stocks in either direction trade SPXL SPUU or SPXS directions daily S&P 500, bull and bear leveraged ETFs direction leveraged ETFs an investor should carefully consider a fund's investment objective risks, charges and expenses before investing a fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a fund's prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be 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 ok we're back folks and I wanted to remind you folks that the oh dear this is the last day of the week that's not what I wanted oh here's what I'll be on this coming week I'm going to be on every day for 2 hours I'll be doing 3-4pm on 2 days and 4-5pm from the 10th, 11th and 12th, I'm going to do 3-4pm and then on Tuesday I'll do 3-4pm and the rest of the time I'll be on my regular stories and then late in the afternoon finishing up for Tom's stuff that we'll be looking at so we'll be able to see if it works ok doing those 2 hours but I think we'll have a lot of fun I'm going to try to do some different things I get tired looking at these patterns I know you do but sometimes they work you know sometimes they don't that's neither here nor there so let's move on here I still want to spend a second here with Bitcoin to show you where we are with Bitcoin it's really rocking and rolling folks even though it's pretty difficult for a normal human being to trade but we hit the 61% retracement up there near 14,000 there are 38% down to right at 9,800 and we're back to 11,000 again so this thing is really moving if we get back below that 9,800 again we could easily go back to 7,000 but right now I don't really look at that I know they've got a couple of ETFs that follow what Bitcoin does but frankly I just don't have any interest in it with all the stuff that's going on in some of these other markets it's really not been too much of an interest in me there's pretty major support now here in the E-mini, S&P folks we're just breaking it right now we just broke through it 2883 2983 was some pretty good support there that's where those old highs were where we broke out to the upside the fact that we're starting to go through that is not a very good sign from looking at it that way so let's we might get a correction here but who knows so we'll do one thing at a time the gold markets had one rockin' and rollin' time in the gold folks we made a double top up there of course at that 440 level last night we got as high as 428 we're now right down we're actually below the 78% level and we'll see where it happened here we're below the 78% level that came in at 1397 probably we're heading down to that 1380 level which is the level that we're looking at for a potential buy that would be very interesting to pay attention to but not today, not with this big move down when you drop 25 bucks that fast there's a lot of selling in there and it takes a lot of time to dissipate that so you don't want to do it on a day like today you have to wait till tomorrow try not to catch that old falling knife syndrome that's the main thing someone's asked a question about the treasury notes and treasury bonds folks I'm the old hour glass in the old room I'm the only one that says this whole stuff is baloney because I do not believe in negative interest rates I know we're seeing him in some places but it doesn't make any sense to me and I've not met anyone yet that explains to me in a reasonable way that someone can understand it it works I just don't understand that it just doesn't make any sense to me at all that's you know that's neither here nor there so let's remember that because I have to give you my two cents worth and the reason why I say that is folks this thing has been going up on negative open interest for well over two and a half weeks that means buyers are leaving and with the market doing what it's doing today with good news that's a bad sign so whether that means anything or not I don't know but nobody else does either so I'm just looking at the charts so that's it we'll see how the thing moves a little bit not too much going on here at the corn markets had a pretty good rally here last day or two we rallied all the way up to 440 off we rallied 20 cents we're down about 4 cents this morning so I would be watching to buy corn on a little bit of a pullback 420 is probably going to be the low for the year the way it looks like the crop is still way way behind and soybeans are acting you know relatively well so we'll see the crude oil is due for a bounce today we're having a pretty good bounce so far this morning but remember crude oil has an overall negative bias because of that 618 level that we hit up there at that 6023 that was a really important number and we brought that to your attention several different times last week and also in the newsletter to do that the natural gas we love that natural gas you know that's the one that we brought to us by Mr. Z you have to give him you know a lot of credit because he points out these things to us and as you can see here this was in fact as we did this on Monday show as a matter of fact we did talk about it and then we also posted the chart showing the 420 or the 225 level of how important that was I don't even know where it's trading today but it's not lower because the beeper hasn't gone off to tell me that but it looks like it's could you give me the last price of the natural gas please I can't get the price and pull up from the newsletter or from the radio show at the same time because it'll disconnect the data feed and I don't want to go through the data feed for sure no one knows what natural gas is doing oh wow 239 that's really good that's really moving now that's up about nine cents that's a pretty good handle that's up 900 bucks okay thank you Tucker thank you Marshall appreciate it the someone asked me a question was that the top in the stock market I don't know all I know is remember back in 1932 the market bottomed on July the 28th as I recall might have been the 5th at 32.32 with the Dow Jones industrial average it went from 383 on December the 3rd of 1929 and three years later in July it was either the 5th or the 8th I never do get it right at 42 42 was the price of the the Dow Jones so that's what we're watching it was pretty pretty pretty rough yep Ruby said that they would go and what Ruby says the market does that's for sure the coffee's still rocking and really you're going to get a chance to buy that a little bit we're down three days now so we should get a little bit of a pop here to see if it's going to get that move moving so we want to watch that very very closely for sure the gold still weakening here we did hold that support in the S&P folks that support was at 2928 we got down as low as did we break I think we got low as 80 wasn't it yeah stop 22 2979 29 so watch this very very closely here because that's really key support that's those old highs that was back there that's the main thing but remember the US dollar is rocking and rolling folks the euro is now way below the 78% level with a big wide ranging bar to the downside and the bonds are you know getting whacked so crude oil is rocking and rolling the upside so as they say in this trade we've got game let's pay attention to this because there's going to be some monster moves happening today and most probably over the weekend there'll be some type of a big announcement that says oh that's why that happened on Friday so who knows anyway watch for a little little rally here in the S&P folks let me just give you my two cents worth and that's exactly what it's worth but if we do get a rally here in the S&P say you rally up to well maybe $29.89 I would be a seller there I actually would just as a wild guest using the old roll that wheel with the old crystal ball and that's neither here nor there but keep an eye on that number of $29.89 877-927-6648 Billy Ray Valentine for TFNN 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 author of Mastery 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 Mastery Probability today 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 and check 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 edge 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 that will 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 Basel 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, Basel noticed that prices under most circumstances virtually always had a certain number of likes to the upside before declining sharply. Later Basel found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators Basel Chapman advises his subscribers of his expert market opinion each market day with his open call newsletter. Right now you can get a 2 week free trial to the opening call Basel'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 2 week free trial to Basel's newsletter the opening call today by visiting the front page of 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 want to take a second to talk to you about trading because you know trading is simple but it's not easy. Those are the words of Mark Douglas. You know you're not going to get this overnight. No one ever does. It takes years. There's no schools to learn this stuff. You have to figure out yourself and that's unfortunately that's just the way it goes. But if you stick with it, you will get it right. That's the whole key is to stick with it. That's the don't ever give up. Pattern recognition is just one way of looking at the markets. There's a whole lot of other ways of looking at it. But that's just what we're really taking a look at. Anyway, what I wanted you to do is I wanted to show you a chart that we got from one of our folks over in Hong Kong that raised the Hang Sing Index and he was bringing this to his he don't have to worry about that boat folks. Anyway, let's you can see the chart on the insert there that's the one that we sent out on the newsletter each week the Hang Sing Daily Index chart we had that the island reversal pattern and he pointed it out over here and then we also on the right there you notice he had an island reversal pattern on the weekly charts too. So that's a it's really interesting how well these things worked for this gentleman and it's basically just one pattern where you have an island reversal in other words all the prices and all of a sudden it gaps up and takes off out of the out of nowhere and that's a very, very powerful pattern when you have it. We don't see those very often but when we do that's pretty much what we're looking at. So this is that was going back to November 22nd of last year folks that's what that was. So remember it's not about how much money you make it's about how much money you don't lose and that's it. Yes Marshall there's a really nice head and shoulders pattern in that natural gas that we pointed out that came in at the 225 level and we're now what $1400 ahead of that. By the way if you know remember we bought that silver last week the Christmas silver we you know it went up to $2000 profit whether you got out or not I don't know but it certainly had your stop at break even if nothing else but we're going to have a good chance to buy the gold I believe this week because we had that double top up here at 1441 hit it twice within a dollar or two so we get down about 70 bucks from those highs around 1370 it's going to be really interesting so live every day in an attitude of gratitude and may God bless