 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, look at good sounding bad Billy Ray, but still do it okay on the green side of the grass And that's the most important thing. Let's take a look here at the footsie first as you can see we're completing a little guardly here this morning on the 15 minute chart and if we take a look at the Dax we've already completed one here in the midst of a little bit of rally Pretty much like we're seeing right now. I'm going to share with you one chart that tells it all for me I mean, I'm not sure if it's going to work or not But this is one of those patterns that you would love to see and we have Stan Harley as our guest today folks Make sure that you don't miss that. That's really good Anyway, I posted a chart here of the E-mini S&P showing the resistance possible resistance up there at 38 30 That trade is the ultimate trading against with the trend the trend is certainly down And you got a little ABCD pattern there whether that's going to mean anything or not I'm not sure but you know what folks nobody else is Let's take a quick look at that. You want to see that what's been happening in that High-tech section folks look at the look at the ABCD here. It doesn't even reach the 3a2 I mean, this is a really really quiet rally we've had here this morning So I don't know but that that's what it looks like From from the pattern recognition some section. I want to take a sec second here to talk about the gold folks I've been I it's one of my favorite things to trade because it's it's just easy Well, the euro is easy is easier, but the gold is more volatile and gives you more money when you're right It takes more money away from me when you're wrong And I have gotten emotionally tied up to the bullish side of the gold and I I think it's because every day that I get on This program I get so many questions on by by email or Skype or something. Is this the bottom? Is this the bottom folks? I don't really know all I can do is get as close as I can I hope you don't email me and ask me where the bottom is because I don't know I'm assuming the bottom is going to come in somewhere around 1673 now we might have made a bottom already as I mentioned yesterday We hit the exact prices on that GDX that we were waiting for to tell us that the gold market is turned And we've had a turn the markets went from 1699 up to what's 17 Sim if it was six yet to 1725 and now it's backed off to around 1712 so it hasn't really made much of a bottom yet But there's a possibility here that we could be at a bottom my my assumption is that because of the 3a to Being where it is on the weekly chart and the ABCD very where it is I have to give it the the we call the best of the The let it let it do its thing here. Let me take it take a look here Hold out. Let me get this chart up here. So we'll be able to see it Okay, this is it down here at that somewhere between 1670 and 1674 I know I thought I was going that we might get below 1700 we have but folks the You know, I only way I can tell you this is I've got a feeling that's where it's going to go I I and I'm going to wait and see how I'll nibble at it from the long side, of course I think if you if you got that gold down around 1690 today I think that will probably be some type of a short-term buy, but we could easily get down to that level at 1670 and one of the things that I'm watching is how silver and platinum are acting now platinum if it gets below the The 50 level. I think it's what 1250 level I think that that would be a really a bad sign Excuse me. That's 1150 in the platinum That would be a relatively negative sign. So If you're in the if you're in the D in the seat the gold the gld came within 60 cents of the of the number So if you're in the gld just put just risk a dollar stop on the gld That's all you have to do But officially I am waiting. I want to see if this is a thursday, believe it or not tomorrow's friday It might good in math or what? And then we will take a look at this thing over the weekend really really closely to see what's going on We'll see if that's going to be the case or not Someone's saying that there was a spike in the gdx at 33 this morning that'd be up quite a bit And I don't know if that'll be the case or not, but we'll have to see but that hit that exact number If you just just go back and look at your charts like tornt even says defy human nature Do the work yourself go in and look at that and you'll see that you're spot on Right there at that level. So we'll see if that's going to be the If that's going to be the bottom and if it is there there's an easy way to get in You just wait for the first a bcd correction and boy you always get them. Let me tell you So if you don't think you get them go back and look at the charts folks They're very seldom that you don't have that now. Let's take a look at another one here That we've been in that's been very nice to us and we're getting close here to We're at breakeven on this right now. No, it hasn't gapped at all. Thanks, duffy That that's uh, that's about where it closed. I think Here's the euro. We had that move up to a 121 Now we we'll go back to off about 80 pips. That was your first profit objective, of course Now you want to be at breakeven on that if you're in that you don't want that to get above 120 90 So you've locked in a profit and you certainly want to keep it moving in that right direction for sure Okay, now we have One other item that I want to cover here. I want to show some gold charts here The first one I showed you was a little bit longer term Now this is a little bit shorter term. Let me get this up here to see it You'll see here that we have you you can see the three drive look at the far right folks You can see the three by the way this comes from one of our friends across the pond who is a He is an expert To say he's not an expert is an understatement of the year But he is an expert trader with pattern recognition and ratios and you can see here That he's looking at gold bar down there that you see is right there that area that we are we're talking about just a while ago What i'm looking at is this little three drive pattern that we have going on here on the far right and when I saw that I said, you know, I'll think I'll be able to tell us that maybe this will be something a little bit different than We might think so i'm just being cautious. That's all it's better to be if you Watch what you don't lose you're going to be far better off Then you know if you try to you know gain something you It went you know make a big winner out of it. So that's one of the things that Going through my mind on the gold but frankly folks I got emotionally tied to it and that's not a good thing to do You know, I've seen myself over the years. Sometimes I get emotionally attached to the short side of the market and I I tried it not to do that because I I respect your money And I want to be sure I give you the best analysis that I possibly can I will tell you this My risker is going to be my risk are always going to be small But the question is whether i'm going to be right or not and that's the the question that always presents us So those are just a few of the things this morning that we have to pay close attention to The next one here. I want to spend just a second here on apple Because this is a very important chart in what we look at here Hold on here algorithms have no emotion boy Duffy. You're right That is right and I that's why I use my artificial which I was hey, we'll be right back. We're going to talk about apple Golden ratios give shape to everything in our world represented in the Fibonacci sequence these special numbers to find the patterns that make up our universe Not even markets can escape the omnipotence of these ratios Larry Pezzavento is a 45 year market veteran who has published nearly a dozen books on the powerful patterns We find in nature and the relationships with the ever elusive markets Larry's newsletter Fibonacci 24 7 will teach you to harness the power of these natural golden ratios in order to create successful trades Fibonacci 24 7 is designed to teach the tools you need to identify and act on these undeniable and reoccurring patterns Sign up for Larry's newsletter Fibonacci 24 7 and you will also receive free access to his trading webinar trading strong trending markets Try out Larry's newsletter risk-free all of tfnn's newsletters come with a 30-day money-back guarantee tfnn educating investors If you're not currently using the taz profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The taz profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks etfs commodity futures and forex Heavied by steve doll taz understands that in today's technological world the use of top flight software Applications and technical analysis expertise is essential to successful trading in today's market You also gain access to the webinar that steve doll and tom o'brien just hosted the best way to use the taz profile scanner to profit This webinar archive is available for all subscribers Immediately upon signing up all new subscriptions also come with a 30-day money-back guarantee So you have nothing to risk start your subscription by visiting the front page of tfnn.com today And you'll find the taz profile scanner under the services tab sign up today Hey there, i'm andy arbert time with tiger precious metals and stones Whether you're looking to buy and sell precious metals or trying to find the perfect diamond ring i'm here to help I have over 15 years of experience with diamonds and precious metals You can call me directly at 727-329-8245 and i'll personally answer any questions you have and help you find exactly what you're looking for I will be your personal concierge in the metal and stone business. Give me a call today 727-329-8245 Many of our new listeners have heard about the tiger's den The tiger's den is a lively community where professional traders and investors can eat exchange ideas and information in a comfortable moderated atmosphere Hear all of the tfnn shows plus see all of the charts as they happen live and have access to archives of all of those charts You can test drive the tiger's den absolutely free for 30 days and greatly enrich your knowledge of these markets And how to make your money work for you details on the tiger's den or on the front page of tfnn.com Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Okay, folks another market that I want to spend some time with That I think has some really long-term various applications here are is the Bond market and all I want to do is to show you you know where we are here We've hit that major bottom We pointed that out to everybody using that tlt Because it was so spot-on and folks if we go below this Let me bring this to your attention here and below 156 in the in the june bonds Would do it we're switched over to june bonds now So that's it remember folks when we were looking at last march They were telling us that we have almost assured that we were going to have zero interest rates in the us treasuries well That didn't happen and now we're at a point where we've come back down from 180 all the way down to 138 in the t-notes that which is the t this is tlt the 20 year notes Uh, excuse me 20 year bonds if you go over 10 10 year goes to notes over 10 years or bonds and if you take a look at this this has a Really nice pattern there. We have great support there at the 61 percent retracement level But if we go below that folks that means that we have really broken some major support And we're in certainly in a downtrend. We've been, you know, various this for so long And it's been a hard one to be various with because everybody's telling us that every day on the news It's lower interest rates lower interest rates. I mean, it's just incredible I have to I got a note here to talk about something and I'll I'll get to it just a second Because it's so hilarious and I I couldn't believe it I'll talk tell you about it right now. I heard That they have have banned the book One of dr. Seuss's books that they've banned dr. Seuss I know if if the cancel culture gets that far There's a real problem. I mean, that's one of the that's probably one of the best children's books That you could ever have the one that I remember was uh Is the one that I've always given gifts of people that have young kids is where you will go by Dr. Seuss, it's about what you could do and think positive and everything. I mean that Those books are incredible. Give me the next thing they do. They're gonna, but they'll be banning Mr. Rogers for god's sakes or big bird I don't know. It's really silly what's going on But you know, that's the nature of our business here folks So we'll keep a look on I keep a quick quick eye on this anyway. All right Going back to the gold market. Here's the big problem that we have with the gold market and that is this We are setting right at The number that I was looking at for weeks and weeks and weeks and weeks right down there at 1710 We're now trading around 1720 I still not sure that it's not going to go down a little bit lower. I don't know that I'm waiting for a really good pattern now. We've got the gdx lined up and we've got the GLD lined up We just don't have the April futures lined up in my in my opinion Maybe I'm just too too cautious here as I've seen this thing unfold. So those are the you know It's really difficult because I'm trying to get the emotion out of it because part of it You know, we had a what hell of a run in that stuff because we've been bearish for quite a long time And it was very good to us and now to reverse, you know, it's not the easiest thing in the world You know the old adage is the most bullish person is the sold out bear And I'm trying not to try not to be that way. So I'm waiting for waiting for the pattern to unfold I would be a buyer down there at 1676 that I would be that's about 40 bucks So where we are doing these kind of markets 40 bucks could be by the end of the show or while I'm speaking right now So those are one of the things the other thing is I'm going to be I've been selected by one of the more One of the most popular Websites and stuff that people know who they are But I haven't made the the commitment yet But they've asked me to do some live trading for them in the contest and I I said, I'll certainly think about it I don't like contests and the reason why is way back in the 980 late 80s and early 90s I wasn't always in these contests and I was always right near the top But the guy that was always winning was Frank Towsher Larry Williams once once beat Towsher, but that's because he caught a monster moving bonds But Frank was he was the master. He just he just blew everybody away and he's the one who wrote the Super traders almanac every year and was a there was a dear friend, but boy was he a good trader He's probably one of the best I've ever seen I I only met him as hostage or twice in my life But uh, you know, I'd seen all his trades and he done he he did tremendous amounts But not like like not a lot like Frank The only thing I've seen closer to Frank boys and girls you're listening to him every day And that's mr. Z in the room that boy has got his game on like I've never seen before So you ought to if you if you have any qualms about what to do Just go into the Tigard and and look at some of the trades that mr. Z is doing I mean the man is he knows what's happening. You know, he's got game on And so right remind yourself that uh, there's people out there that they're in there trying to help you But just go in and look at it. I know I know some people do because they tell me that they do and he is really really good The man walks his talk and so pay attention to him Okay, let's move on to one other market that someone has asked about I haven't updated it But that is the the cocoa market. I want to get this up here for just a second here because We uh, I haven't updated. I don't know if it came through or not, but basically Yes, mr. Z is the best by far by right now I don't think there's any question about it Bobby Because I watch what he does he emails me some of the things that he does And uh, he does do a great job and all of that He's a really nice guy and he's humble too. He's been around long enough to be humble But if we look at cocoa here now, we're seeing it here We had this at 126th level of where this was going to be now The danger sign here was remember I did this I did this last uh sunday So the danger here is that if because of the strength of that trend look how much straight straight up for eight straight days That's telling you that whoa, maybe this thing is a lot more stronger than you might want to realize and so One of the things that we want to do here is to go in and check to see how The cocoa is doing this morning and let's just get it up here and We'll see where we are and we are still right there. We're still We're still right there at that one 26th level. Let's get this up here so you can see it We went above it for a little bit, but now we're back down below it. So Within a penny So we've got some pretty good resistance there in the cocoa that that 126th and change So that's why these numbers are good for for risk control. That's what they're really good for folks It tells you whether they're right or wrong because if they go beyond what the pattern is supposed to be It's a pretty good indication that you're doing the wrong thing And that's the whole Premise of trading is correct your losses as quick as you can and you'll be a lot better off and You would if you didn't do that and that's another thing that you've got to remember to do As you go through some of these things here in the morning here We're going to have Stan Harley coming up here at the break. We don't want to miss that He's always had some great charts for us and we will certainly be listening to him So stay with us here that we can get back to the Program here. We're going to have Stan Harley on and we'll be listening to what what he has to say Okay, folks Oh, the break is not quite yet. Hey, if you have any questions 877-927-6640 Hi folks, this is Tom O'Brien The printing presses are working 24 hours a day seven days a week The u.s. Deficit has risen 200 in one year with no end in sight The markets are looking for an additional stimulus bill to get us through this once in a generation pandemic There is no free lunch folks the more stimulus dollars put into the marketplace the less your dollar is worth each and every day This is the time to protect yourself with a portion of your portfolio in the metal market The gold report comes out each monday morning. I bisect and dissect the dollar silver gold the xiu and the hui The gold report is a long-term hedge against the dilution of your buying power The uss put more than six trillion dollars into the marketplace in the last six months with more expected in the next few months The market did and does need the stimulus But it will have long-term implications on our buying power the gold report comes with a 30 day money back guaranteed Go to tfnn.com and out of the gold report now protect your buying power out of the gold report now You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30 day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live financial content From 8 30 a.m. To 4 p.m. Eastern on market days stop watching on the sidelines while other people get rich And become the investor you were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleaf abc's butterflies and much more The art 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 Uneditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today 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, folks, we're back with stan harley in the house stan. How are you doing today? Good morning larry. I'm doing doing awesome Well, you should be yours. You're one of the most requested people that I have. I mean, it's amazing If it goes more than just a few days past where you're supposed to be on they always say where stand where stand So that's good. You told us a few weeks ago that you were expecting a load in mid march and so far That is lining pretty much up. Do you still feel that that we're getting close to that level? I do larry. Yes No change in my views I uh, you know when you and I spoke a couple of weeks ago I I was suggesting we should be watching the time period around march 11th Maybe the 12th at the latest and i'm still sticking by that. It still looks Looks pretty solid for that Okay, this chart on the screen is a a chart you and I've discussed a lot in the past What i've done here is i've shown The primary cycle for me the primary intermediate cycle in the stock market Average is approximately 34 weeks It's an accordion and expands and contracts But over the long haul the nominal length is about 34 weeks. That's about seven and a half months roughly 160 trading days trough to trough and The most recent primary bottom in that cycle occurred at the october 30th low And prior to that had a low back on march 23rd of last year And each primary cycle larry Typically is composed of what I call four trading cycles And I've numbered them one two three four one two three four and the count resets at each primary bottom Uh, so for example at the march 23rd low, you can see I've counted in succession one two three four Then beginning on the 30th of october The uh, the trading cycle count resets again with the number one two and we are right now By my count in the second trading cycle And the trough is pending. We're not there yet. I think we have a few more days to go But as generally speaking, we tend to have four of these sometimes there's three in a shortened cycle Sometimes there's five in an expanded one But nominally there's four trading cycles and they tend to average approximately 40 trading days in length Wow, that's really good. It's as simple as one two three four. Is that is that's pretty much what you're saying Yeah, well, I know it is except that it took 45 years to learn that stuff. That's the real interesting part of this Yeah, one took me about 40, but yeah, exactly Yeah, I know I know the feeling let's take a look at this next chart that's it's very interesting account that you have here for Trading trading days. I mean, I think it's a pretty good Pretty good idea there Yes, Larry what I've done is I've taken the same chart of the s&p 500 And the vertical lines of course represent the the troughs and the trading cycles just as in the prior chart But I've what I've done here Is I have annotated in in trading days The the the count from trough to trough Signifying the length in trading days of the trading cycle and over there on the left We had a cycle that went 40 trading days bottom to bottom 35 37 31 and so forth This if if you look at all eight of these you add them up and divide by eight you'll find that the average is 40.0 Although rarely do we see a trading day count of exactly 40 trading days That cycle like all cycles it's an accordion and expands and contracts But if one looks at a sufficiently large enough sample size And you can either compute the average or you could compute the median or you can do a regression analysis Either way you're going to find that the nominal count low to low over the long haul is right at 40 trading days And by my analysis here, I think this current trading cycle, which is not done yet I think it's going to come in around 28 trading days and that would peg the low in the vicinity of march 11th It could expand into the 12th, but I'm saying the 11th plus or minus larry. That's where the data seems to fit the best And I think we'll make a low point here and that will complete the second Trading cycle and then we'll start powering upward again In a in a bull market environment, which is what we're in we typically see right translation That means the primary cycle tends to peak at the third or the fourth trading cycle So we're not there yet Once we make this low in the vicinity march 11th, I think we'll power higher And uh, and we should top out in either the third or the fourth trading cycle Which would suggest a primary cycle peak in the may to perhaps as late as june timeframe Okay, very interesting. What do you what do you suggest as a sample size as uh being, you know, realistic Well, uh one in looking at these trading cycles. I've gone I've taken the analysis back years One or two Sessions ago when you and I were together I showed my work going back about 10 or 15 years And uh, and I did a very detailed analysis of that Um, I'm going to submit that to the foundation for the study of cycles for a paper by the way But uh, um, yeah, I find that over the long haul that the average trading length is right Average that's the wrong word. I should nominal is the correct word Is fluctuating the side of about 40 trading days Okay, very good. It's very very interesting And the final the final one that you have here, uh, what uh, what are you looking here? This was the one for the dow Jones yearly Yes, uh, this chart, uh, you and I've touched on a little bit in the past Um, this goes back a couple of hundred years back to the 1600s This is a log chart of the dow industrials And what I've done here is I've highlighted the Secular highs and the secular lows and the dow The data prior to 1792 is synthesized from the British market But this is a log chart of the dow going back to the 1600s And what I've done here is I've marked the secular peaks and the secular troughs And larry I found that the the lucas numbers 29 and 47 Seemed to be governing the patterns on the on the yearly chart going back Several hundred years for example the lucas number 29 Times two is 58 And you can see that's governing the the the troughs across the bottom The lucas number 29 again times four is 116 And you can see that number Between the 1720 high and the 1835 high And the next number in the series is lucas number 47 you multiply that times two and you get 94 And one can see that the time period between 1835 that high and the 1929 high was 94 years And I believe good old lucas number 94 again When added to the 1929 top Comes out to be 2023 and I think uh early in the first quarter of 2023 I think we're going to see a major another major secular peak just like 1929 Just like 1835 just like 1720 And across the pattern of troughs in 1722 1784 1842 1932 and so forth one can see the numbers 58 and 94 across the bottoms Those same numbers And when one adds it well adding or I actually do a regression analysis which finds the best fit mathematically it points to Maybe november 2026 for a major major trough And I think that Hey Sam thanks for joining us my friend. We'll have you on again in a couple weeks. May god bless and be safe Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clear water markets tiger real estate LLC is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the tampa bay area To help buyers and sellers make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the Biggest decisions of your financial future. 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That's seven two seven three two nine 83 22 call us today David whites newsletter the technology insider is focused like a laser on finding the next big things in technology If you had invested only $10,000 in microsoft in 1986 you'd have been a millionaire by 2000 Disruptive technology like microsoft's is the key to these massive long-term profits And the tech insider is the vehicle from tfnn to capitalize on these opportunities This is the go-to newsletter that identifies monitors and profits on mostly little known cutting-edge companies with great long-term prospects David's experience is as an inventor of Emmy winning animation products for tv and hollywood that propelled a company public Match that with 14 years as a full-time trader And he's uniquely qualified to guide you through the light speed world of ever-evolving high tech If you're ready to ride the next big technology bull market for less than 40 dollars per month log on to tfnn.com And get your two week free trial to the technology insider get in on the ground floor of the next big thing today Will the s and p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s 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 direction investments dot 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 foreside fund services llc The bull bear trading hour with tom and tommy o'brien neck Okay, we're back folks So we just had a really nice chat with stan harley and to say that man is not bullish would be Alive the guy really really really believes in what he looks at and she can tell by the numbers All we have to do is wait from a week from today boys and girls And we will find out where we are and believe it or not on that day We are going to have none other than norman. He calls us to the minute winsky Will be our guest and I believe we're really close to a new moon at that time So that'll be interesting to see what we have Seeing as we look at some of these things Okay, we've now hit that price objective that we were looking at in the e-mini s and p at 38 32 Whether that stops it or not I don't know but that is one of the patterns that we look at as we go through some of these things That we look at I still believe folks that we are over a situation here where we could have a Really severe correction that maybe only be one week correction here that would take us down into the 11th And then we'll find out where we are but with all these people that are out there was read it and twitter and All the other ones that are out there There's more and more coming into the together all the time because they realize it's a great way to do Some advertising but that does affect the markets because if two or three people get on and then they give to two or three Two or three more You know it starts a feeding frenzy and you can see what happens to some of these things as they as they really start to move I need to check the gold price here this morning folks So if you'll bear with me here one second, we are now trading at seven ten I'm still saying that we're we're going to get get a little bit lower now. I haven't Excuse me folks. I have not really You know, I got to be real honest with you folks I got so tied up with this thing with the Emotionalism in the gold because I get so many emails. The problem is we got A little bit lucky well more than a little bit lucky on them on the way down and people did really good You know a couple people, you know told me some incredible stories that I'm not allowed to share But I mean there were really really amazing things that that had happened to them Because of the gold trade and I I'd like to have another trade like that You know, we try to get one every, you know, occasionally, you know, we've been short bonds for a long time But that's been a choppy market up until the last Collapse, you know, the rest of it, you know, you just you have to go in and out in and out in and out so Keep in mind that this business is not about how much money you make it's about how much money you don't lose And that's the whole key to keeping your chips right close to your vest And that's really what you're what you're trying to do as you go through these things each day So all I can tell you is that there's going to be more volatility every day than we've ever seen before So I think that you have to be able to tell yourself to get ready for it Make sure that you use to stop because if you don't you're telling mr. Market that I know more than you do And believe me boys and girls that is not the case that is never going to be the case So you want to be sure that you'll be able to handle the next trade and if you don't have any chips They don't let you play in the game anymore another thing that's happened Over the past few weeks that one of the best traders that I know down in Tennessee has been Doing an experiment with this these mini mini micro trading of the of the e-mini s and p What he was doing is building positions. In other words, you know the margin on the large ones was around 12,000 but the little ones are a lot less But he shared with me one way that he was using a structure of Of adding to contracts and I'm going to be working on a way to share that with you Because these things are very active. I mean I was really surprised You know, I've been watching, you know, how many well, they should be there They're one fifth the size of the regular So those are the main things that you want to keep keep an eye on As we as we go through and look at some of these things that we're watching right here Okay, we have a question from someone about the crude oil Crude oil went up today and made the 78 percent retracement up there at 62 70 And change we're now a little bit lower than that. That should be an important number into crude oil But again, you know with gas going we went from 220 a gallon here when this thing started now We're three dollars a gallon here in in the Arizona and you know, that doesn't help anything You know, you think that these the they give us these Ideas of you know inflation or non inflation and stuff like that But my goodness when you go from three from 220 to three dollars, that's a big increase but I'm a little bit skeptical of what the governments give us in our reports. That's the main thing I got another question about the gold boys and girls. I don't really know. All I can tell you is we've got a chance I'll show it to you one more time because this is I think this is the one that really tells you Where you're at and where you're going to be and that's this gold chart right here. This is a going back about three Just going back a month or so Let's get this up here so we can take a look at it because the real question here is Has this three drive pattern formed that on the far right there? That's where we made the bottom at 16 99 okay, that was the that was the abcd on that All stretches all the way down to 16 90. That's another nine dollars lower. Now if that one hits Either today or tomorrow, then I'll be looking to possibly be a buyer for a short-term trade But right now I can't you'll notice when this was sent to me yesterday. It was trading at 17 11 were at 17 10 So we really haven't gone anywhere. All we did on that rally was 25 dollars and that was that was very very fast You know, that's uh That's a that's a main thing. So that's what I'm watching. I'm not sure Whether it's going to make a bottom there or not But I'll be looking with great intensity when we get to 16 73 if we get there And we're when we're doing that I'm going to be watching platinum and a whole bunch of other things too. So Keep in mind that that's uh Some of the things that we want to watch today as we're we're going through looking at some of these things If you have any questions folks, it's 877-927-6648 by the way on a uh programming note I will not be on the show tomorrow at the regular time. I will be on at noon Eastern time I'll be taking basal Chapman's place and basal will be taking my place early in the morning tomorrow So remember if you have an interest in the show, it'll be on at noon tomorrow eastern time And not at the regular time and then I think the following week We're going to be getting back to the regular time and then I'll be staggering my presentations here On different days and stuff. So we'll work that out in the future. We're we're working on it right now We're right now. We're going to keep it the same for everything if I had one thing to mention to everybody And it's this one right here And that is the bond market folks because if we fail in the bond market That is going to be a pretty bad thing because we have got some entire interest rates coming as you can already Already see and I know you folks don't remember this but it used to be the average Low end of the range was four percent in the bonds and a high high range was six percent that was all during the 19 from 1970 through 80s in the 90s and then in the 2000 that changed with the Global what do they call that stuff a quantitative easing and they pump the money full of air and But the dollar is holding up extremely well as we can see from the euro There's nothing wrong with the dollar here if we get it below 85 or 89 then there is but nothing right now It's it's hanging in there very good Okay, we've got a to pay a few bills here and we get back We'll uh review where we are today in the trading and we'll see what's going on Uh, oh, I got a little more time. So if you have any questions, it's 877-927-6648 Remember tomorrow, I will be on at new time and Basil Chapman be at nine o'clock 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 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 Educating investors Markets can rise and fall like the tides Subscribe to basil chapman's newsletter the opening call and you too can ride the wave Basil Chapman is an authority in technical analysis His Chapman wave trading system has been helping traders identify trends and capitalize on momentum in the markets since 1984 tfnn invites you to test basil's proprietary Chapman wave trading methodology with a monthly subscription to the opening call newsletter for only $149 Your subscription to the opening call comes with a 30-day money back guarantee as well as daily market updates on key indexes stocks and commodities Ride the wave sign up for the opening call risk-free today Introducing primal edge today It's even more important to take a supplement to complement your health Primal edge is specifically formulated to boost your immune system and help with weight loss better sleep stress reduction And the need to detox our early ancestors found all their nutritional requirements in the wild environment But today our food sources don't contain the vitamins minerals and nutrients that we need to stay healthy and strong That's why we need primal edge daily nutrition It includes a special blend of ionic soil based vitamins minerals Fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated humic and fulvic acids Nature's preferred delivery system They've been called miracle molecules because like sunlight air and water without them life cannot exist That's right. Ellen. They ensure we receive all the nutrition we need to be healthy and thrive We take it every morning primal edge just $89 exclusively at 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, folks and before we when we started the show I posted a little pattern in the s&p with the 1832 as possibly being excuse me 3832 I got gold on my mind as as glint campbell would say anyway We had a nice pattern there a bcd 382 right at the 1832 level We've broken down about 20 handles from there. So if you did that trade, certainly don't lose any money on it You know, I can't follow you through with this thing But keep a close eye on that one. Anyway, but if we get below the 37 85 level that could be a big winner But you know, that's that's the prophecy that you don't want to get involved with So that's pretty much what we're looking at here. We got gold at 17 14 I don't know what's going to happen to that one either But we'll keep a close eye on these and we'll be able to see You know where we stand with some of the others. So we'll Hold on one second folks. Sorry for their little frog in my throat Also, keep an eye on the bond market folks. We're down here around 58 12 We get below that 57 20 level again. We're going to be looking at some serious stuff To the downside. So make a make a note of that You don't want to get involved with that one for sure If that in fact does happen watch it closely 57 20 if we get below 157 20 in the treasury bonds It's going to be a bad bad situation. So don't Don't allow that to don't allow that to happen for sure So that's about all I can offer for you today Remember tomorrow at the regular time basil will be taking my show here. I'll be doing his show at noon That'll just be for one day and then we go back to the regular sequence again on Monday and we'll watch these markets keep jumping around as we see them jump around all the time So watch the bonds folks. That's going to be the key to the market If we the right now they're holding up relatively well above that 158 level we're 158 11 But below that that brings in some serious problems and you don't want to get involved with that If in fact, that's what happens. So let's uh, let's keep that in mind and we'll move on to the next one So we'll we'll see you on the flip side tomorrow at noon