 The following is a presentation of TFNN Trade what you see with Larry Pezzavento Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis I'm gonna start to show just a little bit differently today for several different reasons First I would like to bring out the chart of the corn as you can see here We bought the corn Pretty what I thought was a pretty good spot. I put a stop a little too close I guess went down took out the stop and rallied 50 cents you can swell 48 cents We stopped exactly at the 382 of the last rally high that we made back in here folks So these numbers are still working pretty good now I'm gonna switch gears here just a little bit yesterday on the show the phone rang and I answered it because it was Byron Tucker He would never call me unless it was something really important and he was coming back from Africa where he's doing some some type of business with those folks over there and He basically what had happened was his wife Liz they have a home in Connecticut. Well, they get several homes and with their home in Connecticut was Liz was up there doing some I Don't know exactly what she was doing But anyway, she slipped on the deck and she fell off the deck and she broke both of her legs So she was really in that pretty bad shape. So that's what happened there So just to give you a little 10 for now We're gonna change the subjects a little bit because one of the reasons why I talked to Byron earlier in the day Was to remind us what happened to him back in the early 80s Byron ran the Goldman Sachs desk For Goldman Sachs on the CME for foreign exchange and T bills S&P wasn't even trading yet. That wasn't till April of that year But he basically ran the deck for Delcher commodities, which was Leo Malaman who started the Merc and He worked for Malia Leo full-time and they're still very dear friends Leo's 90 now but Some friends some friends some contacts that Leo had come in from Japan to banking context that Leo That Leo wanted to get interested in for hedging T bills and Jenny maze and the foreign currencies and stuff And he'd been working on him for several days and hadn't had very much success And so he asked Byron. He said Byron He said all these guys want to do is talk about baseball and he said can you take him to the Cup game and You know Byron knows much about baseball as I do about commodities Anyway, anyway said sure I'll take him up there And so he asked me to go and it was it was a day game and I had something to do at the Merc that day I don't remember exactly what it was But I I just couldn't get out of it and so if he had to go himself And so he goes to the game at Wrigley Field First of all, it's the end of it's the end of April right after the season began and the It's raining, you know, it's drizzling off and on and the the Cubs are losing. This is it I you won't believe it. They were losing nine to one in The bottom of the ninth inning and these Japanese guys will not leave They're keeping score with their little scorecards, you know, there's only about 8,000 people In Wrigley Field left at that day out of a you know, it's capacities like 48,000 So there's nobody there the weather is horrible The game is like four hours long and it's in the bottom of the ninth inning and the Cubs are losing nine to one Believe it or not folks The Cubs came back and tied the score in the bottom of the ninth inning and it went into 13 innings and The Cubs won the game. I think the final score. I don't remember exactly, but it was two runs They run it. Anyway, Byron was he's he was so he had a cold They they went out to dinner and then he came in in the morning and he had he had a cold and he was He was really says I'll never forgive Leo for doing this to me And I said oh Byron I said the most exciting games ever at Wrigley Field He says but he doesn't like baseball when my kids used to play Trivial pursuit he couldn't say who Mickey Mantle played for for heaven's sakes. So anyway in the morning Leo comes in the next morning and he grabs Byron and hugs him and gives him a big kiss on the cheek He says I don't know what you did Byron. He's been and I've never seen three people more excited to sign a contract and This is shows you sometimes baseball makes more difference than anything else that's going on It turned out to be one of Leo's best clients and they're still there from what Byron told me Anyway, it was a very good story to look at. All right. We've got a guest today. Hopefully it's going to be Stan Harley I haven't had verification yet, but I'm hoping that we'll be able to get him working right now So we'll see what's going on first of all, I want to share a really great charts here from our good friend Steve Rhodes and Let's get it up here so we can take a look at these are euro charts because this is where you got to follow the money is Bernstein and Woodward said this is a long term right here Notice you can see the beautiful look at the beautiful aabcd pattern up at the top here folks You know blind man could see that look at the nice little three drive pattern right in here There's your retracement right here right here folks is where my grandson was born we were trading at par in the US dollar or excuse me in the Euro at that time the dollar was 160 and a cougar of Cougar ends and Maple Leafs were selling for about 250 including the commission So I started buying some coins for my grandson during those years Up until it was about 500 bucks. I've tried to buy it one or two a month But he's kept he's key. He still has them all but anyway You can see here that we're still heading lower right here This is the area that we're watching very very closely So I want to bring this up to your attention here to see where we are with this euro These are really really neat charts. So I hope you enjoy them as much as I do this next one It is really important because it illustrates what we've been showing you over the last weeks and months here on the euro Because we think we're headed towards power. You can see what Steve's looking at here is this Completion of this pattern right near par is near as near as we can tell now I know with that black background sometimes it's hard to see and stuff But what I've done is I've tried to duplicate that pattern and bring it up So you can see it in it with a bite white background It makes it just a little bit easier to see we'll get this up here And you'll be able to see it right here and There we go and you'll see there's where we are right in here That's going to be setting right at the 78 percent level that is par folks one zero zero to the US dollar to the euro So I'm going to be very very important because the you know the dollar is strong ie gold this week last night We had a 382 retracement up there at 1746 a high was 1747 we dropped about ten dollars from that The swings are tightening up just a little bit, but they're still heading lower I believe that once we get below 1700, which is not far away We're going to see a really rapid acceleration from 1700 down to 1600 because I think 1700 is where I hear from the internet gurus that that's the line in the sand well That line in the sand for me was 1860 1765, but that's neither here nor there Okay, we're going to have a tiny break here to pay for some bills here for TFN And then we got a couple more things to cover and then hopefully we're going to have Stand Harley stay tuned boys and girls because you're gonna hear something you've never heard here in the 15 years I've been doing this show. We're gonna have a come to Jesus moment boys and girls get your Bibles out A time of booming inflation where you're purchasing powers eroded There's no better place to protect the harder and money-thinning gold This the golds flagship asset is the Monk Todd gold project in northern territory of Australia This is Australia's largest unveloped gold project. We're talking a world-class gold project in a tail-one mining district This is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction This the goal just completed the Mount Todd feasibility study Which resulted in a seven million ounce gold reserve in a 16-year mine life All of this combined with the approvals of all major operational as well as environmental permits This distinguishes Mount Todd as an attractive Devious party ready development stage gold project this the gold trades on the New York Stock Exchange under the symbol VGZ You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at TFNN.com The opening call newsletter is written by Basil Chapman Creator of the trading methodology known as the Chapman wave The Chapman wave up-down sequence gives you an edge in identifying price turns Finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day First time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up TFNN.com educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019 Finishing it number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of Trading knowledge every day it is mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNN all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit TFNN.com and try mastering probability 30 days risk-free today TFNN educating investors All now toll-free at 1-877-927-6648 internationally at 727-873-7618 Okay, folks. I want to talk to you a little bit about this chart. We're looking at this is a crude oil chart You notice the the prices are above here the open interest is what's below here You can see the open interest has been dropping dramatically and you can see here. This is the prices have been dropping dramatically We already talked about that $12,000 drop in the Crude oil yesterday that was missed by someone who's raising their hand now Anyway, Billy Billy V down there in Texas sends these to me every day on the major ones that we follow and when we're seeing something like this It's very important for two reasons you can see here We're having a huge drop in open interest as parts as prices are dropping Okay, if you look at this little diagram up here You see if the open interest is dropping and price are dropping that means that the market is strengthening And those are just the formulas for open interest folks I have no no control over what that means or anything, but when you have an open interest dropping Okay, and price is dropping the market is actually strengthening. It's not weakening now if open interest had been rising Okay, and price is dropping the market is weakening badly because you got many shorts coming into the market But here you've got the shorts are leaving the market, you know, so that's you know that the longs are too But that's one of the reasons why this thing had a bullish implication What was so frustrating to me folks if you just look at this chart you say gee there may be an ABCD pattern for me here well Yesterday folks was a sad day for me because I had to go for services funeral services for my very dear friend who was my doctor Doctor would doctor be here in Tucson and he died unexpectedly of a massive stroke He was sitting on the side of the bed in the morning. He said to his wife I don't feel so good and good was his last word. He died instantaneously had just a massive brain hemorrhage, which Was what took my mother's life, too, but he passed away And so anyway, I get back and I'm looking at these charts and I what the most frustrating thing to me folks I want you to see something right here. This is the chart. Oh, I'm just gonna get you and I do this every single day I do these because my three main things that I love to trade more than anything else or crude oil gold and Of course the in the stock indices Oh, oh, something's not right. Oh dear. We got trouble in River City Sorry boys and girls. Give me a second here. I got to get this up here again to see why it won't work There we go, we'll get up here. All right, there is a four-hour chart You can see the perfect ABC down here. There's a four-hour chart. Okay now I I did you know to be very frank with I didn't look at this Clearly, and I I didn't look at this until this morning after the bottom was already in I Didn't look at it till that time but one the one that was the most amazing to me and I've been teaching this stuff to you folks here for 15 years here and I get charts from you guys all the time looking at different patterns and folks I Didn't get nothing I'm not blaming anybody. There's lots of excuses, but no reasons. Let me tell you something Look at this pattern here that we're looking at here. Now. This is a daily chart of the crude oil Get this up here. This is a daily look at the perfect ABCD. It's just like the one of the four-hour when exactly to the price folks 95 20 the lowest 95 17 and It's rallied $8,000 in a few hours. I missed that one, too The reason why I call this Come to Jesus moment for two reasons one is I do not understand why at least two or three of the folks out there Billy was the closest one to say that was an ABCD that was alerted me to the first But I saw it I didn't check it till in the morning by then it already rallied three dollars And of course it rallied a lot more than that, but when I start missing stuff like that There's something really wrong because I I watch crude oil like a hawk Well, like a lot of my watch like a hawk where crude oil gold and the stock indices. I really follow those So I don't know what I'm going to do But I got to do something a little bit differently because this not working if I miss something like this I mean two in a row in a $12,000 move down in crude oil on Tuesday and an $8,000 move up on Thursday And here I am standing at the bus stop with two quarters in my hand and there's no pretty girls on the bus Shut the front door and raise your rent. All right. Let's move on here to a couple other things We talked about yesterday. This is the treasury notes And this is very important folks because what we had happened here is a pretty big reversal From this 382 level. Okay, this we were on the air when that was happening. The bonds were trading at 142. Oh six this was trading exactly at the ABCD price at 120 and change right on the money And both of those have reacted the treasury bonds have dropped more than $3,000 off of that point and we'll get the Treasury bond went up here. So you'll be able to see it also and You know, I'm probably gonna get a lot of flack for me talking about some of the stuff that was on my mind today But you know, if I sit here and just be asked you about ABCD and Fibonacci That ain't gonna help you because if you think I don't go through the emotional stuff that you go through You're full of baloney Because you know, I'm a short-term trader I focus on what these ABCD patterns do are on a shorter term basis for one reason and one reason only is It defines the risk of what you have to do and so once you do that You're gonna be able to do it the thing is you got to be able to shake it off and move on and I have missed two Monster moves you add them up 12 and eight. That's 20 grand That was sitting there on the table just as easy as possible and I didn't take it as a matter of fact I left $260 on the table. So anyway, it's not it's not the money folks It's the application of the rules that I work with and I am just not getting it done I don't know what it is I'm going to chat with a couple of my very good friends today Paula Webb and Adrian toga ray and try to get an idea What I could be doing a little bit better and I'm gonna try to get it Corrected the best that I can but these moves that are coming are going to be absolutely Whether you think you can see what we've done already We had a $20,000 move in crude oil in two days And if you did any type of work on patterns, you should have got some of it, you know, so I Didn't so that that's a big that's a big no-no in my book So let's yeah, I know the gold has been okay and the crude oil has been okay The stocks have been okay and stuff like that, but I tell you folks I really I'm in a quandary about the how I want to handle this because of to miss that number on The way down on Tuesday in crude oil that was frustrating enough, but to miss that ABCD bottom Yesterday, are you kidding me? Wow? I mean You can't make this up even if you don't like ABCDs You got to realize that my guys sometimes they work and golly when they do wow Pay really good attention to them because what they're doing is they're telling you what the pattern is supposed to be doing But the real value of those patterns are risk control. That's what you have to you know You know keep your eye on the ball. That's the main thing. Okay Regarding that corn someone asked a question. Why didn't they have an order to go in short at that point? Actually, I didn't see that until the number is already made And there was a I maybe I'm just not looking at them enough, but I look at these charts a lot Not as much the last few days. Maybe that's what the problem was but Anyway, that's what we're paying very very close attention to now We're hopefully gonna have Stan Harley here. If not, we're gonna talk about some commodities So do you know I've got a data problem 877-927-6648 If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal 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 published a 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 types of 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 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 traders methodology using this first of its kind Program the art of timing the trade chart allows you to scan thousands of stocks for Fibonacci formation setups including Gartly'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 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 get your copy of the art of timing the trade charts today by visiting Tfnn.com 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 and 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 tfnn educating investors This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Okay, we're back folks and Stan's gonna be unable to join us today because of the volatility that we're seeing in these markets Which I can certainly understand. Hopefully tomorrow. We're going to have Tim boss Financial circles weekly on Monday. We are going to have Norm Winsky of Astro trends and then on to see we'll have Jim Bartolioni of Bart's charts, and that's what we have For the next few days, so we'll be able to, you know, get some ideas of what these folks are looking at because I know some people here Get a little tired of listening to a bcd and stuff like that But boys and girls when you see these a bcds work like they do sometimes you've got to pay attention to it That's just not by accident. I mean gee whiz. I mean, it's just The 64 dollar question is you're going to be able to You know make any money out of it of whether you're going to be seeing what's really going to be happening or not Okay, now. Wow. Look at the bonds where we broke a 39 handle now. We're down almost Almost four handles now in the treasury bonds from that eye that we made Yesterday, so we'll take a look at that. Let's see how the corn is holding up here Well, it's backed off 20 cents from the 3a2 Which is interesting. The gold is now backed off eight dollars from the 3a2 Crude oil continues to move higher guys. They're not could I miss that one? That was That's frustrating to me folks because I get so many people showing me these great patterns It's looking at not one person other than billy Sent the a bcd and I'm hey, this is not this is not an excuse. It's just a reason You know, there's no excuses for when you have to take responsibility and I certainly do but I flat out missed it You know a third grader could have seen that. I mean, it's a perfect a bcd dropping an open interest All of those things on the daily chart making a perfect a bcd in price and time And and these are monster moves folks. I mean You know 12,000 down and 8,000 up. That's 20 grand on just a on a one lot hell using a mini. That's 10 grand You know, so that's very interesting So I'll tell you what I'm watching today since we got some time here. There's not much else to do here Let's get up here. We'll take a quick look here. This this is I'm going to share with you the The artificial intelligence program that he uses neural network that Developed many many years ago. You'll see there is the opening range down in here Here's the actual opening price right here. We were trading at 38 63 and of course that's when the you know magic buying comes in that first hour trading We've gone all the way up now. What this is what this is forecasting is in about an hour This thing should start down for the rest of the day Now it's really simple how this operates because you should be making a top very near this spot right here You can see it right there boys and girls now 20 minutes later That's 10 bars 20 minutes later if this thing isn't coming down Something's wrong and you better get out of the way because that thing is going to tell you You could flip over and go up for another five or six hours. Well at least four hours today So anyway, that's why it's really important. I'll be on it'll be after I'm off this show But it comes in I believe the exact time is About 130 Not one third You you have about 130 New York time. So watch that very very close. It's about an hour from where we are Right now. So we'll keep an eye on that Okay now a question. Oh my goodness someone's asked a question here from the tiger dan And that is how often do I check the open interest? I check the open interest each day, but I especially check it When we have a huge volume day or breakout type day where there's a lot of news about something coming into the market And with a big drop like that in crude oil, there was a lot of news coming into the market But as you can see from that chart that I posted that had already been going on folks That had been going on for five or six days that drop in open interest and drop in prices It's just it started to accelerate And now we complete the abcd down there at 95 You know 95 17 You know, you gotta say wow that really must be something because it turned right on the dime And if you look at treasury bonds turning right on the dime and then Treasury bonds turning right on the dime You gotta think there must be something in those dimes now I have some charts here from the german DAX that I wanted to bring up to you today Hold on a second. We'll get these up here I need to take a tiny bit of water Uh-oh Okay, the charts are not coming through stand. Uh, oh dear Well, I think it's time. All right. I get I don't know if the charts are coming through on the DAX Okay, now the charts are up there for the DAX this thing has been in the downtrend You can see we've had some equal moves in here Until this thing, you know explodes above these highs up in here. It looks like it's going to be Continuing to go lower all we're seeing now in my opinion is a You know a rally in a bear market. That's really what it looks like to me And the next one we want to look at here is the footsie And we do have a new prime minister yet to be to be named soon Over in the uk and that is from mr. Boris Johnson Uh is out of the picture Boy, those guys over there. I mean, I thought we were really uh in the dark ages with our congress and senate here But those guys wrote the book on this stuff. I mean they they act like children over there I mean, I can't believe it when I I john jameson asked me to watch what was going on because I Have no interest in you know politics from the uk But when I watched how these people make noises and hiss and stuff like that, I mean That's just me doesn't sound very professional, but I know much about politics as a A lot of other things that I've missed too. So anyway, that's neither here today We'll have somebody new coming in maybe a mr. Church He'll come back from the dead and get everything corrected But I highly doubt whether that's going to be the case I've mentioned several times and then also in the newsletter. We've talked about it We've seen tremendous. I mean tremendous drops folks In the futures markets. I mean not just wheat, you know, wheat has gone from $14 a bushel You know down to eight, you know, just a you know a big huge break But if you look at other things that that we that we're into all the time Just take a look at take a look at here at a cup of joe folks This is sort of coffee I mean look how much it's come down here. It's been in the bear market for well over a year Okay, if we take a look at the next one, we're going to look at is since we're watching coffee We might as well take a look at hot chocolate and cocoa and you don't have to be a rocket science to look at this one Look what cocoa has been doing, you know for a long time headed lower Okay, the price of lumber folks the price of lumber made $1,700 last year And believe it or not. I mean lumber it's pretty tough, but it gives a rough idea of what you know The price of lumber is even though it's really hard to trade. It's only traded by commercials But from 1700 All the way down to 350 and then back up to 1100 and now we're back to 600 getting ready to go below five I mean this is This is negative stuff folks. The problem is we have two types of inflation We have demand push and car demand pull and cost push Well, the demand is Is what's in the process now because they can't get some of this stuff See but the costs on it the costs are going to be the labor costs that are going to come in They have any those are going to be really hard to retrace Or to take away from because people don't like to take cuts in their salaries So that's why we're watching it. That's why the feds between a rock in a hard place They really are they're going to have to really decide what they're going to be able to do here And then they'll be have a pretty good idea of how they're going to handle it. So that's what I'm looking at We just broke the 106 level or 101 60 in the uh euro folks still heading down Making new lows as we speak and as we said many times we're only 150 pips away folks from that chart that uh Mr Um Steve roge gave us and also the one we put up which is par 100 versus the dollar versus the euro We'll be right back eight seven seven nine two seven six six four eight Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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It can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information You need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee tfnn educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade chAU or chAD Directions daily csi 300 china a share bull and bear ETFs china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives Risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares To obtain a prospectus or summary prospectus, please contact direction shares at 866-476-7523 The prospectus or summary prospectus should be read carefully before investing an investment in the fund 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 This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Okay, folks someone in the tfnn asked a question that is how would you have handled the? Crude old given the fact that that wasn't a major bottom down there yesterday at 95 17 now Believe it or not, folks. I'm doing this in hindsight and in hindsight. It's really really easy to see But when you're in the midst of the battle You don't your hindsight is you're more worried about your hind end than your hindsight So this just the teaching purposes here You'll notice that the first retracement that we had from the low yesterday stopped right at the 61 Percent retracement to the tick that was the first sign That it was getting ready to go higher Then the market makes a new high And then pulls back to the 3a2 as you can see here with the second trend line that dark line is there And then if you'll notice this last part right here that you see the higher bottoms right in here This was telling you the market was really starting to pick up steam now This is only an eight minute chart, but it gives you an idea short term You know where the buying is coming from and then of course once we exploded Above that 78 percent level up here at that 102 and change Excuse me 100 and change, you know, we immediately rallied again. So we went from 95 We rallied $9,000 today folks And when you see this big run up like we've had here that we had in the first hour at stocks Same thing happened. You don't want to stand in front of that So I hope that helps. I know it's in retrospect, but Retrospect is a little town in Iowa that you should visit sometime and I just made that up Okay, let's move on to one other commodity that I think is relatively important to us And that is the l copper if I can get it up here Oh dear gonna have to find it. Yeah, it's right here. Let's get the old copper up Oh dear now what's happened to it Silver copper all of these look like there there's copper right here. Hold on a second boys and girls We've been we've broken down badly and copper And we'll get this chart up so your folks will be able to see it right here There's where we are We have broken down very very badly way below the abcd And we're continuing to go lower. So I don't believe we're going to have a bottom in copper yet. We still should have a bounce I remember we've got stocks rallying and copper isn't And one of them's got to be right. I have to go with the copper myself This is nothing more than a short covering rally like tonight The one thing that we have to be watching is is if we're watching this rally that's going on here in stocks If this is accompanied by a drop in open interest This whole rally is nothing more than short covering Okay, and that tells you that uh-oh we're getting ready to go down again But you got to wait till the end of the day to see if that is in fact going to be right So those are the few things that you want to Keep in mind as you're looking at some of these things. I'll let's take a quick look here Since we've got a couple minutes here free and I just want to see how close we are following the the the stock market and That should come in just a little bit after the show at around 1215 folks Oh, it's following up pretty nicely right around 1215 The best price would be 3902 3906 That's what I'd be watching at 1202 if you're making that number And if you're making that number then that's a very very Low risk shorting opportunity in my opinion because you have time and price lined up together when you have a beautiful 78 percent level in the e-mini s and p And you have the timing that sometimes works sometimes doesn't but You have to assume that it's worked because it started working early this morning And that gives you a very low risk entry point and sometimes when they turn they turn for quite a while. So Watch 1215 that's going to be the key time which is in just about 25 minutes That's what you want to be looking at Here right now another question that someone asked me. Have I given up on astrology? No boys and girls I have never given up on astrology Astrology is giving up on me and I'll tell you why I just don't have the energy to do what's necessary to follow it astrologically What I do is really simple I do a b c d fibonacci. That's what I looked at when I have those lined up It tells me what my risk is And that's what's going on and Byron's calling again. It must be another must be another Emergency, but I'm not going to answer that one and we'll we'll worry about that just a little bit later here So if you have any questions today, it's eight seven seven nine two seven six six four eight And we'll see what's going on. It looks like I'm going to have to answer the darn thing pretty soon He's hanging up now. So hopefully they won't uh, well call him back at the break. I guess Okay, I don't have to turn it off from now. I'm sorry folks I should have turned the machine off before we were going on here Taking a look at this. So that's pretty much it. Okay now here is uh, I want to I'm trying to do some time filling some information is what I'm trying to do right now So let's take a look here because it's very interesting that we have Oh brother, hold on Shucks Yeah Only in America. Okay, I'm going to do another AI so fill the fill the Okay, here's a perfect example. You see here. This has been the forecast same thing here 1215 Both crude oil And the s&p are showing possible turns at 1215 if we start going down after 1215 it means something But at 1230 and you're still up at there at the highs this thing's not working anymore It's worked perfectly the first 55% of the day But that doesn't mean that it's going to work perfectly the rest of the day because once it stops working It's flipped. It's inverted. So that's why you have to pay, you know, really really close attention to it Okay, another question someone's asked In that is the information in the Gartley book the Gartley book to me folks is the holy grail of technical analysis From pages 200 to 250 he explains abcd and basically explains what fractals are that mr. Mantle brought taught us in 1976 Now Gartley was doing it in 1937 It was the seed pattern which is nothing more than the thunderbolt or the abcd pattern It's everywhere on every chart if you don't believe it just go back and look at tick charts That's all you'll see is abcd's everywhere and they just get bigger and bigger and bigger and bigger Whether it's a daily weekly monthly the abcd's are there You don't always find them because sometimes you miss them like you miss them in crude oil and unfortunately That's the way it is and we'll move on to the next one and not Worry too much about it, but around 12 15 Pay very very close attention to that s and p because it is lining up Just about as nice as you possibly can be and for a potential sale up in there So we want to watch that I am really dehydrating badly here folks hold on one second And the other thing is when we get up there at these levels Like in crude oil we were from 95 or up 9 grand From the load that we made yesterday. Does that mean it's going to drop 9 grand today? No, could it yes possibly but don't expect that just see if it's going to be uh going on a little bit differently hold on one second here i got a uh Yeah, that's right. There's a small three drive pattern coming up here In the mini s and p that's going to be really interesting to watch too. I think we can uh I think we can share this with the folks hold on one second. We'll get up here to Give us a quick look see Easy enough to see This is right. This is what I like to see with people whether they're working on it doesn't make a whole lot of difference Which you can see there it is right up there that 3906 Anyway 0206 We'll be right back boys and girls eight seven seven nine two seven six six four eight Vista gold owns and operates the largest undeveloped gold project in australia the mount todd gold project Vista gold just completed their feasibility study resulting in a seven million ounce gold reserve Vista gold has all major permits approved and has retained c i b c capital market assistance in evaluating alternatives And in completing an accretive transaction vista gold trades on the nyse american and tsx under the ticker symbol vgc Vista gold executing a strategy to create shareholder value You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by basal chapman and your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis After all he's got 45 years experience as a day trader larry will also provide daily charts videos And data on the key markets that he's tracking expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors Tfnn has launched the tiger's den hosted at discord Tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The tiger's den available to all tigers and tygruses for just one dollar for the year There's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com Okay folks, we're going to take a look here at natural gas. This is a daily chart boy. This is not good Um boys and girls, I am afraid my my voice is going. This might be it for me boys and girls I'm not sure yet. I'll make a decision tonight, but uh This is not good for my health standpoint and my health is more important than anything else here You can see the abcd here on the natural gas Uh, we've hit the bottom. We backed off a little bit. We're rallying today. So that completes that abcd. It's uh Pretty much a spot on so that's it. Uh, I uh, I will find out tonight Uh, and whether I'm going to be on the show tomorrow. I'll let tim boss know But my voice is gone again. I can I can I can feel it already and uh I am not happy and uh I'm not in any pain, but I've got to watch these vocal chords because uh Uh, not good. All right, that's about it. I'm gonna finish the show. I know you got some dead time. Here's al but uh I haven't got anything else to say but that's pretty much it. I'll uh I'm not I I don't know what it's going to be long term But I got to get this thing straight folks because I can't just do two shows and then my vote My voice goes bad again That that ain't gonna happen because I got my responsibility to the 24 seven people but more important than that. I have Responsibility to myself and my family And I got to take good care of myself because I'm at the eighth furlong pole. In fact, I'm getting ready to Going past way past the eighth furlong pole pretty soon. So uh, we'll do that. Anyhow, I'm feeling good I just sound terrible. My throat hurts a bit, but I'm not not in any COVID or anything like that It's just that my vocal cords are They're twanging and that shouldn't happen. We'll see you tomorrow. Maybe if not, don't worry about me Don't send me emails saying you're concerned about me because then I have to answer them all And I don't have the energy to answer them. So sorry boys and girls, but uh That's the way it looks right now and we'll see you whenever I see you and make god bless live every day In an attitude of gratitude and make god bless