 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, Lewis. We have an announcement to make. Tomorrow we're going to have Bill Meridian on at the beginning of the hour. And then on Friday, we are going to have Shane Smollion. He'll be on. The Wolf Trader will be on. So that'll be really be good to have him on. Excuse me, let's make that. Friday will be, will be Bill Shane. Tomorrow will be Bill Meridian. Okay, I posted a chart of the German backs. And as you can see, it had a little bit of a sell off like everything else. And then if we take a look at the market for the footsie, you'll see it also had a sell off. Of course, these do not show the big moves here that we have going. So that's the main thing that we're looking at. In other words, I'm saying we had this big rally last night in the market pretty much as expected. And we'll see what it really does. Yeah, with the FOMC coming, it'd be good to have Shane on because he follows the Fed like Moses follows the Bible. That's for sure. We've had a pretty good rally here in the stocks. We've rallied quite a bit. Now I wanted to bring to you some information, folks, that we get from over in Hong Kong. I want to show you what they're doing because there are no masks over there. Look what they're doing as far as using masks out. Look at this, folks. You see how they take a bottle, a water bottle, and turn it into a mask. And then he's got his mask on the inside of that for protection. This is really quite amazing here. Now let's take a look at the next one. This is what the terminal looks like. And frankly, there's basically nobody there in the terminal. It's usually, you couldn't fall down in this terminal. That's how crazy it is. And you can see the people there also are wearing these bottles because they're really difficult to see. These are from people from Hong Kong, excuse me, from China that did that, not the people from Hong Kong. And then the last one I wanted to show you is a, this is really, to me, this is the most amazing one because I've ridden this many, many times. But I wanted to show you, this is the train here. You won't believe this. This train, you couldn't get a seat on this train at midnight. And look at it now. There's one person on it. It's really crazy. Now, the reason why I'm bringing this to your attention is, you know, we've got a lot of news coming out here about how bad it is and the market rallies 207 points. I realize it was down 450 and it's come back 150. So the news may be dribbling in, but if you remember, if you remember in Hong Kong in August, the market was bottoming in August. And that's when all these protesters start coming in and the market rallied all the way up to the 78% level. So you've got to follow what the charts are telling you, folks, because if you don't, you know, you don't really have any advantage because you don't know about this. There's so much junk out there in the news that it's just absolutely, I mean, it's just absolutely amazing, the stuff that is out there. I don't know what's happening, but they should do like Singapore. Singapore, if you publish fake news, I think you get 10 years in prison. So that's a pretty good idea to see whether, you know, that happens or not. So anyway, we had a request from our good friend, David White, about to take a look at the TLT. This is a, you'll be able to see here, this is a equivalent to the Treasury note rally. We're right up at the 61% retracement, as you can see, we gapped up there. There's gaps all over this because it's an ETF. We don't get that in the bonds. Now the bonds hit that number last night and they backed off a full point. That was one of the reasons for the strong rally that we've had in the stocks. So that's another thing that we want to, you know, keep close attention to, because it's really related to some of this. One other thing I wanted to remind you about, and that is someone brought it to my attention yesterday, is that in Jeffrey Lysimore's book, Reminisances of a Stock Operator, he talked about the earthquake in San Francisco in 1906. The fact that the market didn't do anything for three weeks, it just kept rallying and rallying rally because the reports wouldn't be coming in. They didn't have instantaneous reports. Believe it or not, folks, there was no CNA in 1906. I don't even think there were many radios. Anyway, so you've got to react to what you're seeing on the charts because people, if there's more buying, prices are going up. If there's more selling, prices are going down. That's it. Now, we have one slam dunk today, folks. That's the earnings for Apple. If Apple doesn't rally after these earnings today, whatever they are, and they're always good, you know, then something's really wrong with the market. So keep an eye on Apple because everybody is expecting it. I was checking the tube this morning and it's just a matter of how much it's going to be up, not if. So the other problem that Apple is mentioning, though, is because of the problem that they're having in China, which is a big supply chain for the iPhones. They're having a hard time because they're cutting back. All the McDonald's and all the Starbucks are closed in China from what we've heard, even if that is correct or not, but, you know, we'll be able to see this. So we'll live through this just like we did through the SARS thing and we'll see what happens with it from that level. But it is a very serious thing, I would assume, given the fact that everybody is talking about it. And here again, I'm a little bit skeptical of just about everything that's out there, not just a few things, but just about everything. Now, we had a request here to talk a little bit about the open interest, how I look at the open interest, and here's what I'm going to do. I'm going to post the chart right off of the CME website. You just have to go to cme.com. That's just Google MercantileExchange.com. And then you click on where it says daily equity, volume, and open interest. You'll notice it's there, and then I've highlighted the equities. You see a little red arrow there, and then you just go down, and I didn't go down through all of them. I just stopped the first one I saw. Here's the Russell E-mini. That's the second most popular after the E-mini S&P, then the NASDAQ, and then the Dow Jones. You'll notice that the total open interest for GLOBEX was 192,000. The total volume, 192,987. The total open interest is 505, okay? 505,000. The open interest on the S&P has been running around 3 million, but we've dropped some, so it's down about 2.7 million. So you can see how much bigger it is. And you'll notice that the open interest on that day dropped. So that tells you that there's players leaving the game, not coming into the game. So that's how you do it. You can check it with the agricultural. You can check it with energies. You can check it with foreign exchange, which I don't recommend because that's such a small part of the market. It's less than 1%. That would say 1%. And that's it. Then you have the interest rates where you can check Treasury notes, Treasury bonds, and gold, silver, platinum, palladium, all those are listed there also. So that's easy enough to do. It doesn't take very long to do it. I check it whenever we have records being broken. And that's what I'm looking to do is when I see these records being broken, then I know that that's what I'm looking at if I see something like that. So that's pretty much what we're watching. So okay, let's move on here to the next one that I want to do here. And let me see. We'll be right back. 877-927-6608. The TAS 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. Heated by Steve Dahl, TAS 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 Dahl and Tom O'Brien just hosted the best way to use the TAS 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 TAS Profile Scanner under the Services tab. Sign up today. 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. 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 upcoming 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, call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at TFNN.com. That's 727-329-8322. Call us today. 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 meet, 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 are on the front page of TFNN.com. Toll free at 1-877-927-6648 internationally at 727-873-7618. Okay we're back folks and I posted a chart from David White that he has a service for Tom's charts that David works on puts out the patterns. You can see the TLT chart. So I thought I would bring up the treasury bonds because they're at such a critical level and we've had a big move off of them already this morning. If we take a look here at the, this is the 30 year treasury bond, the March contract. We made the 61% retracement of the high that we made back in September. If you remember back then that's when the open interest was dropping every day. We were reporting that. That meant that there was short covering and you can see the market did have a pretty strong correction from that level. Now it's very important to realize if you look at the lower left hand corner just between May and June you're gonna see a little symbol that says 0.40. That means that's very close to 0.382. This goes out to the third decimal point so it's very accurate. Ensign built this but that's basically a 0.382 retracement. That's why it was so bullish down there at 155 and now we've rallied six handles and we went up to the 61% retracement and last night we backed off a whole handle. We went from 62, 26 down to 61, 26. It's just a normal stuff during the night with the market rallying really strongly so you just have to sort of pay attention to that because it's very, very important. Now if we go screaming up today that's gonna tell us that this thing is gonna go higher and higher and maybe we'll even go up and make a new high but remember the weekly high on these bonds is 177 that was made a year and a half ago. That's the whole thing. Now I happened to watch Stanley Drucker-Miller last night. He was one of old George Soros' boys along with Jimmy Rogers and he talked about the markets and he talked about negative interest rates that he didn't think that was good for the markets. He said he was very nervous but given the fact that the Fed was in there pumping everything except lemonade he said he didn't think the markets would sell off very much at all and he's been pretty right all along the way so be ready, get my life jacket ready. I will definitely take a ride in one of your yachts Tommy if they get up there. Not a problem. It'll probably be in a plastic urn but I'll still be out there in the boat with you. Anyway, I still remember that night when we were down there going to dinner and there was waves splashing over the thing with the oh my gosh seven, eight foot waves on the inland side oh my gosh it was terrible. Let's go back to talk about the news just a little bit folks. I posted this yesterday. This is from our good friend Tom Hougard and if you take a look here you'll be able to see here that this is how the markets reacted during these pandemic and epidemics that we've had across the last 50 years and really the markets just do their own thing and they literally pretty much forget about it. That's usually how it runs. Watch what the charts are doing. This chart actually comes from Charles Schwab and that's why I'm a technician folks. I don't trust the news and I never did. In fact I think I told you one of the most amazing things that happened to me when I really became a technician for sure was back in 1973. I think it was four contracts of eggs and this went old. Milo King used to run the egg market but every Thursday they would give you what the government was going to buy because they bought 25% of all the eggs and it said that the government was going to come in and buy just about everything that was available except overnight they realized they had made an error and I'll be docked on. They weren't going to buy any and so instead of eggs opening up the limit two days in a row they opened down the limit two days in a row. It was a fatal mistake of spending that money before I'd cashed out and I went to Beverly Hills and I bought a leather jacket for 600 bucks which back in 1973 was a lot of money and it was a beautiful western style jacket and it was really cool. I never wore it. I never took the price tags off of it. A few years later I think about 77 or 78 I gave it to one of the charities for an auction but I couldn't do it just because of that and I know I've told that story 10 million times that is now it is now 10 million and one and this is one of the problems with doing a radio show I can't remember all the stories that I've told but at least I tell them the right way I guess you know so who knows. I will not tell that story anymore at all. Okay that much I'm not going to have to quit because I don't have any more stories that's just about the end of it. Oh wow shut the front door and raise the rent. Okay let's move on to a couple of the things I wanted to mention to you I really would like to impress upon you folks the fact that you've got to follow what the charts are doing. Remember what happened in Hong Kong the market rallied for six months and still has rallied. It rallied all the way from August to the 78% retracement level up there at 28,000 29,000 it rallied all that way in the midst of you know bombing and shattering the banks and a few people getting killed and stuff that's really a bad thing to really have to worry about. Okay I want to go back to the bonds for just a minute folks just to give you a little bit longer term view here this is going back this is just I just want to show you the high that we had it's been three years ago that we made this high in the bond market to get this up here and we'll be able to see there's where we are you made a big ABCD up there at the 177 level and then we've had this big correction and what we're doing now is we're possibly looking and the keyword here is possibly looking at a 61% retracement in the bonds. Now if they get above that 6226 level then that's bearish I mean that's bullish I mean then you're wrong you know that there's something wrong so that's what the patterns try to do is they try to tell you what you're looking at as far as you know what type of thing that you want to be watching is what support or resistance that's the whole key to look at it now here is a situation that we have going right now as we're speaking I'm going to get this up here to take a look at it but this happens to be the old British pound going across the pond you'll notice here from January 24th you know to where we are right now those five days we've made these big corrections to the downside we're now down at this 130 level which is the 78% retracement so it must hold the 130 level because if it doesn't and if it doesn't then you're looking at something that's going to be pretty nasty to the downside but still to that effect it has not now one of the questions people have asked is about the commodity markets folks these markets were heading down long before this epidemic of the coronavirus happened they right after the trade package was signed these markets did not hold support we talked about that oh my gosh I mean so many times it's just so repetition is of other knowledge and we certainly did that one of the ones that was really looking you know rather tough was the bean market and it'll bring us up and let you take a look at it but you take a look at hogs hogs were limit down yesterday and I don't know they'll probably be lower today I don't know if they will or not but cattle got hit hard too because they don't have anything they're not taking shipments from what I understand so eventually these markets will bounce back but you have to wait to look at it on a pattern basis to see what's going on you know that's basically where do you want to look at so we'll take when it's going to happen I don't know all I know is it's going to be a big deal either yes or no whether it's you know going to be fake news or not 877-927-6648 Larry Pezzavento has just announced a special 90 minute live webinar taking place this month for subscribers to his Fibonacci 24-7 trading service on January 29th from 4 till 5 30 p.m. Larry will be covering how to read supply and demand and how in combination with his trademark ABCD patterns you can control risk and maximize profit in today's algo dominated markets in this live 90 minute webinar Larry will cover a hidden in plain sight trend change pattern that gives you early entry into the trend how to find and update the key harmonic numbers to trade against in futures, forex and stocks how to translate three go to patterns into supply and demand and how to use them for entries the continued importance of the opening price in 2020 and how to use the time of day when taking a position and for entry into longer trends sign up now by clicking on the newsletter tab on the front page of tfnn.com and select Fibonacci 24-7 sign up today if you're a trader in the market looking to find the path that leads to maximizing profits while decreasing risk then now is a great time to try out Dave White's daily trading service the path of least resistance through the use of options and equity trades Dave advises his subscribers on a daily basis of the current options and what possible trade setups are on the horizon the path of least resistance is published every trading morning often with updates intraday when initiating trades or closing out positions Dave White has advised his clients of some outstanding winning options and equity trades in recent months and now is a great time to try it out for yourself new subscribers to the path of least resistance receive a 30 day money back guarantee see for yourself the types of options by signing up for the path of least resistance today by visiting the front page of tfnn.com and selecting the newsletter tab sign up today 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 in its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including Gartley's, 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 gonna love this new software that will even give you a 30-day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com this segment is brought to you by thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com okay folks I want to run through a few commodities here because these markets had you know before these diseases that we're seeing out here now had already made some type of a top up in here you notice that the copper market went on to the 288 level Mr. Z was heavily short up in that area and now we're way down about 20 cents a pound down to a much lower level and we've gone through this 78% level the last day or so so it's telling you that copper hasn't found a bottom as yet it probably will one of these days but so far it hasn't as of yet remember folks we still have a big gap in the S&P 500 it's about 30 points higher from what happened Friday night so you really you have to give it a little bit of time to see what's going on here's one that we're really watching very very closely and that is the natural gas I think we're getting pretty close in this level right here and we'll be able to see what is going on what's going on right here it's made 1.27 expansion we're trading about 191 this morning so it's held but it still hasn't given us a small term small term pattern to really to see whether it's going to move or not another one that was very good to us last week was the wheat market and here again you'll be able to see that we had a really nice pattern up there multiple BCD patterns occurring at the 591 and we've got down we've dropped 30 cents of a bushel now down to the 560 level where we should find some support in here and corn and beans just on a technical basis the problem is where they're going to ship them from and you know that's the problem it's just shutting down a lot of things you know when you shut down the airports and you shut down the train station that pretty much shuts down the economy so if they don't get this thing straight they're going to look a lot worse than maybe it is but as I say I don't believe two thirds because you hear one side and then you hear the other you know it's just it's just truly amazing to see you know to see what's going on over there but just look at the charts they will not steer you the wrong way because if there's more buying you know people are going to be in there now here's one that's really interesting this is the long term chart of sugar and we looked where we were in September Ruby and Mr. Z and everybody else in the room was looking at the three drive to a bottom pattern that we had there at 1080 we rallied all the way up to 1480 that's a little over forty four hundred dollars in four and a half months and now we're in an area where we should start to contract but sugar is actually the only commodity that is holding its own up in this area so that's another thing to watch some of these smaller things like sugar and sugar have limited supply areas so it's a lot easier to look at another one that made a beautiful ABCD pattern that you want to take a look at a very major commodity which is soybean oil we went right up to 35 as you can see at the very top up there at 3550 that was the 1.618 expansion of the high from February down to the low in May that's why those numbers are so important you can see the ABCD pattern that was there we had a double top right in the middle of that move it backed off to a 382 retracement then went up to an ABCD pattern so those are the kind that you like to like to see and we have probably a great buying opportunity here in soybean oil soybean oil folks is cooking oil it's also paint the paint for automobiles and stuff and I would tell the story about Henry Ford but someone would start saying on me that I told the story too many times but I'm going to tell it again the reason why we have colored cars folks is because Henry Ford got tired of painting them all black so he needed something other than a lacquer to make his cars black so he found out the soybean was the best oil to use and so he mixed his oil with his colorful cars and then we started to get different colored cars back in the late 40s so that's pretty much soybean is actually a Chinese plant it was imported here many many years ago I can remember as a kid the farm across the street the farmer would plant corn one year and the next year he would plow it over and plant beans and that would be for nutrition for the soil but that's the way it did it back in those days I can also remember going to the supermarket to buying margarine and we had to mix the margarine the margarine was white and you had to put a little dye into it to make it look like butter because the Wisconsin the Wisconsin cheese and dairy folks had a nice person in Washington that made a law that you couldn't sell that stuff as a color yellow well that changed after a while after you pay a few people off that's where you're looking at here so anyway that's what we're paying attention to here this morning and we're going to find out what's going on from these levels we'll have to be waiting to see maybe watch the British pound very very very very closely now folks we're right down here just a tad below that 29 90 level very very important you got to be you got to be ready for that one because that's going to be a real interesting one to to pay attention to it's very very interesting fact is I should in fact I'm going to let's just get this up here so that we can all take a look at it and get that British pound up here here we are there we are here let's get it right up here so we can take a peek with no sneak here we go I made that up all right you can see here we're down we've taken out those lows we're setting right there on that the words that say key support that's what it is it's key support so pay close attention to it it's right there right now if you buy it you don't have to you won't have to risk very much because if you have 30 pips you roughly 160 bucks 180 bucks you wouldn't have to risk if it goes below that you're wrong so that's really what you're looking at gold has been actively absolutely perfectly Maria you get the videos and take a look at it I mean we had a beautiful price objective down there at 1571 and it went to 1570 I don't know if it's a haven't been able to check it this morning let me check quickly check it out we went to 1571 and we've got up here to 1575 so we'll see if that see if that means anything or not so that's that's what it looks like anyway so we'll keep an eye on some of these things as we walk through looking at these charts today now I wanted to cover a couple other of these commodities because I think they're they're pretty important I wanted to get the crude oil up here too because we've had a big break in crude we're down to some key support here we'll get this up here we went below it by just a little bit because that 786 broke we said that the ABCD structure on this literally would take you down to about 50 15160 we got to 15220 I believe and now we've had a little bit of a rally of a buck and none of these things have rallied above that gap area so that's the whole key folks what you someone's asked a question about this disease I have no I don't know anything about all I know is reaction to these things folks I mean you could come in like today they say oh gee this looks really great and then 24 hours from now this thing could be infecting Washington deep we'd move that lucky but it would then be infecting Washington DC and all hell could break loose you just don't know and then you don't even know if the news is right or not so we're living this an old Chinese curse by the way may you live any interesting times and that's exactly what we're living through right now SARS was a whole lot different you know it was a little bit more it was certainly is dangerous but not nearly as as widespread is this look how quickly this thing is spread you know I was it well I was in Guangzhou when it happened I didn't know anything was going wrong so all I know is just be really careful you've got to protect yourself because these things are a little crazy and they stay crazy if you are 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. Petersburg, Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for ten years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 to 80,000 or more if you're in the CD market anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period that same $50,000 investment in the Tiger First Mortgage Program would give you $3,500 per year or $14,000 over the four years if you prefer $6,200 or $14,000 of interest on your investment if you'd like more information about the Tiger First Mortgage Program you can call me at 877-518-9190 that's 877-518-9190 the gold market has taken off topside in a large way in 2020 if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report took profits in four of its equities in the gold portfolio in the first week of January for a combined profit of 99.2% with two positions left in the portfolio that have a profit of 67.5% as of January 7th the gold report is a comprehensive look at the metals sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold, silver, bonds the XAU, HUI, GDX as well as more than 30 different mining equities to see for yourself the profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today till 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 ETFs direction leveraged ETFs an investor should carefully consider a funds investment objective, risks, charges and expenses before investing a funds prospectus and summary prospectus contain this and other information about direction shares to obtain a funds prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a funds 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 trading hour with Tom and Tommy O'Brien next okay folks I've posted the chart of the NASDAQ that we discussed on Friday that's where we had that double ABCD patterns up there at the 1.618 expansion at 9275 and the fact that where we were I sent a video out on this middle of the afternoon on Friday right before the close saying if we were to gap down next week it would be very very bearish and of course we did gap down and we went all the way down to I believe 989 and change 8940, 8960 so we took out the lows of January 15th and so far all we've been able to do is to rally about 150 points up to around the I think we got to 9060 last night and we're trading around 9020 or 30 something like that right now I'm not even sure but there's with Apple coming out with the earnings you know that they get very very emotional with Apple as you know the biggest stock the most expensive stock in the world everybody has it everybody's bullish there's no one that's bearish Apple and no one should be because they've got more money than God they get all kinds of free advertising and nothing ever goes wrong but if it does gap up quite a bit we could end to fill this gap at around 9120 there's always that possibility to see if you're going to see that occur because as we said this is just a pattern that's what we're watching here's one that we've been following that has been sort of bearish this is the one that we're watching here you'll be able to see that we got to the double ABCD patterns up there at the 1.27 there at 1046 we're now trading below that and we're trading in right around 9800 980 dollars now if we get below 980 folks that's going to set up a very negative situation in the platinum because it could literally you know really break a whole lot more from that level oh Al's just told me that there is one line still free all the others are busy 877 92766 48 if you'd like to chime in and talk about what's going on here's another one that's setting at the moment of truth folks let's get this up here so we can take a look at it this is the Euro and you'll notice here that the Euro is down here to this trading it right at the one at 110 level folks below 110 below 110 in the Euro is going to send that US dollar index heading up north towards Alaska folks because if the index starts to move you'll be able to see here that the bullish pattern that we have here on this dollar index could easily you know take it up quite a bit because we've reached that level up here at 98 and change now so this is a moment of truth in both the Euro and the dollar index and the what do you call it the British pound so all of those are lining up if you remember a few weeks back we were talking about the Australian dollar in the midst of all those fires they were having there and as you can see we had that big ABC D pattern there on January the 6th is just about three weeks ago and now we're down completing the D pattern as we speak today so that's completing that so that's going to be anything below 67 here means that US dollar could just start rocking and rolling from Canada to Australia to Hong Kong wherever because it's going to look really really bullish whether that pulls gold up or not I don't know all we do know is the fact that that 1585 level in the gold is you know relatively important and if we get above that then we have to look at it but the most important part of the gold is the 1611 that was the the number that we had back a couple of weeks ago and that was the 61% on the weekly that told us that gold had a possibility of correcting correcting to the downside to see if that's it regarding the broad market I wanted to bring this to your attention this is from our good friend Jim Bartolioni of v50 partners he does a lot of work he's very good mathematics he took the low from way back in 1972 you see the ABCD structure 1618 up in this area and of course we did get a break from that level and whether that break holds or not we don't know but those are just some of the longer term ones you know that we're sorting to take a look at that's the main thing also the other one that did not make a new high here was the Russell index as you'll notice here on the Russell index that we sold off quite a bit from that level so we'll determine later on whether it's going to keep making new highs or not but we did gap down and we've broken at least a little bit maybe not enough but we did break down some and of course with the news the way it is if they came out and find out that this epidemic is really under control right away you could get the stocks up a thousand points in one day in the Dow Jones it would be so people would be so ecstatic about that now there is one really interesting pattern that we want to show you and this is the pattern for the bitcoin this is sent to us by our friends across the pond you notice that we had that beautiful garly pattern you can see all the little black squares down there that was a 1.27 that also happened to be a 61% retracement of the previous low and on a long term log chart that was a 38% retracement when bitcoin was trading for 100 bucks now we're trading close to that 9200 level again and of course 15,000 and change was the high in January two years ago so that's still fighting the long term things we're looking at hold on a second folks something is beeping oh it's apple just made the 382 how about that I put that in just for the heck of it just to see if apple was going to gap up I expected it to gap up a whole lot more just I got to turn this off folks it'll drive me nuts which is a very short drive but I don't want to listen to it so bear with me here and I will get this up here oh you know what I'll do I'll just post it since we're here right now and we'll take a look at it hold on just a minute here oh dear all right just a second here get this up here and post it and see where we are all right that was the number I was looking at right around 314 that was where I wanted to see of course they're expecting really bullish numbers in the apple so I would expect that would probably you know be the case so we'll wait and see you know what it really happens from that level the bonds are still down a full point from their hide that it made last night at 62 27 we're now at 61 27 so that's a very interesting one to keep a very close eye on also if we get below the key price still in the euro excuse me in the ES folks is still 32 10 I know we're 32 55 but the way these markets are going it could be a 33 55 or 31 55 very very quickly but below 32 10 is going to set in motion some really really serious selling and that's because these options persons or buyers and stuff that's one standard deviation from the mean and if you go past one standard deviation from the mean they have to come in and start covering their positions and that's when it gets really crazy so sort of watch that that's going to be a very interesting one you know to to pay attention to at least the way it looks like here this morning and of course we're just opening we're in the first 20 minutes not really much is happening the jockeying for position and we're still up quite quite a bit so the shorts are knowingly and insuredly scared to death as they should be but the euros now breaking below that critical 110 level folks that is bullish to the US dollar bearish to the euro there's no other way you can look at that it's breaking key support and every stretch of the imagination so you don't want to well might turn on a dime here but it's breaking some the dollar US dollar is strong now you make your decision what you want to see but that's that's what we're paying attention to here here this morning so that's we're watching 877-927-6648 I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for Mastering Probability 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 if you haven't checked out the newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative up to date affordable and must have for every trader looking to gain a competitive informational 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 Bazel Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Bazel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Bazel found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Bazel Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Bazel's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Bazel's newsletter the opening call today by visiting TFNN.com this segment is brought to you by Think or Swim for more information just click the Think or Swim banner on the front page of TFNN.com OK folks I've been asked to what I thought was the most important chart that I posted on all these charts that I posted here it has to be the NASDAQ chart because of the AABCDs at the 1.618 3Dive to a top the big gap down and now we're in the process of seeing whether we're going to fill this gap and a lot of it will be predicated on what happens with Apple we gapped up about five or six dollars in Apple and so that's always an institutional favorite the earnings coming out they're looking at the problem is they did mention today that if this thing in China gets worse the supply problems for the iPhone really accentuate and that could be the black swan event for Apple if they can't get their products out and with them shutting down McDonald's and the Starbucks and the schools and everything else and locking down cities this is not a good situation for commerce so we have to pay attention to that and watch the prices to see what's happening because you'll know when these things loosen up because the markets will start rallying quite a bit maybe that's what's already happened remember what happened in Hong Kong folks we had all that rally or all those protests from August through January six months and the market went all the way up to the 78% level right in the middle of that so markets follow the news and they don't always interpret the news the way we think that they are we're watching very very closely another market that I think that is super important is this euro because we just broken down below that 110 level it might be a trap down in here but right now it appears that euro could be looking at something really really serious folks we just broke a a 618 and a 786 in the euro down there that's not a good sign so my assumption is that that tells us that we're probably getting ready to you know go down a little bit more but we'll do one thing at a time and see if that see what happens now we did just backed up above 110 again so there was not many stops there that could be a that could be a good thing and we're sitting right there on the British pound so this is the proverbial moment of truth in all these things because that's where we're going to decide whether we we move one way or another from this level someone's asked a question about crude folks there's a lot of resistance in crude where the gap is at 5390 we're trading 5306 right now and if we do get up to 5390 I would certainly take that opportunity to go short so we'll see 877-927-6648