 The following is a presentation of T.F.N.N. Trade What You See with Larry Pezzavento toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good, Billy Ray Thieling. Good, Lewis. We're going to take a quick look at the German deck, still in an uptrend, along with our markets, as people are using risk off and trying to buy everything in sight. We're also going to take a look at the FTSE, also going higher. Very, very interesting. I wanted to share with you the next chart, which comes from the Chicago Mercantile Exchange on their database to show you what happened to open interest yesterday and the big move in the S&P into new high ground, closing into new high ground. And you'll notice here, the lower arrow, that the open interest dropped on that day. That's not a good sign, folks. That means people are leaving the market. And who would be leaving a market making new highs like that? Would that be the neophyte trader taking profits up there? I don't think so. But anyway, that's what we're watching. We're going to keep an eye on that as we go through. The same thing in the Treasury notes and Treasury bonds. The same thing has happened. Open interest has been dropping for two weeks now in Treasury bonds and Treasury notes. Yesterday, there was a slight increase in Treasury note open interest, but the Treasury bond open interest dropped again. So there's a little divergence happening there. The big news, I think, overnight, and by the way, we do have Bill Meridian, some cycles research. We'll be calling in today in about 22 minutes, and we'll be able to chat with him about gold and oil and stocks and Trump and anything else that you might want to cover. But we had a big thing happen yesterday that we talked about, and that was the fact that we had this long-term line of resistance in the gold that was just totally shattered at 1365. We've been saying this here for quite a while, and it does look good. And the open interest in the gold is extremely bullish, folks. Both days, Wednesday and Thursday, big increases in open interest. A lot of players in there. So this is not going to give up its ghost very, very easily. I just wanted to share with you what happened in the market. You'll notice here this was updated as of early this morning, and I just wanted to be able to show you that this is a longer-term chart in gold going back over the last four years. You can see we have double ABCD patterns up there near that 1420 level. That could be quite interesting if that's going to be the case. So what I was doing last night is I was watching it because once it broke above those highs at 13 last night at 1320, it was 1365-70, I mean it just took off and really took off. You'll notice here that, let's just, oh dear, did I get this put in wrong? Just a second, just a second here. We'll get it up here. Here it is. You'll notice that it was around 11 o'clock at night New York time when we hit that 1416, which was the high. Then the market backed off 30 bucks. And look where it stopped right exactly at the 382, the low we had made down at 1335. It ran straight up $80 backed off to exact 38% level, and then rallied up to 1405, 1404 and a half. And my assumption is that we're going to be making an ABCD pattern here that will take gold down to that original breakdown around 1367. That would really be a nice one. And the reason for that being is it's going to be the first one we've had in gold a long time. So pay attention to that one, folks. This is one of the ones that I'm watching on my watch list. So we need to watch that relatively closely, I would think. So that's a major one is to just to keep an eye on that one. One of the questions that someone asked over the weekend over there yesterday was what was happening with silver. And if you'll take a look at silver, this is an interesting market, you know, not anywhere near New Highs, but you'll see here that we made a beautiful Gartley pattern up there at 1553. The high was 1555 and a half. We got all the way down to 1327 last night. And so far, it's just been chopping around. This could be a major Gartley cell signal, folks, because it is a absolute perfect ABCD. As 20 minutes said, defy human nature, do yourself and do the work yourself. Add B and C together. Add B, 1515, C, 1460. Add those two together. Take that sum and subtract it from the low at 1427. And by the bing, by the boom, it gives you 1551. So it's certainly done that. And it was much, much weaker than gold all along, than the whole time. And also platinum is, you know, can't even find its way out of a paper bag. So those are telling us that these markets are, they're very, very active, and they're going to continue to be active, folks. We're going to see some wild stuff. We're going to begin to see the things in the stock market that we're going to see because it's just a, you know, everybody is just risk off and they just keep buying and buying and buying. And maybe that's the right thing to do. But all I can say is it's going to be interesting. And the old Chinese curse, may you live in interesting times. And that's one of the things that we don't, we don't want to do because that is a Chinese curse. I do have a human interest story that I probably should share here. One of my dear friends in California, John Rafoni, he's the one who I lived with during my divorce, during 1985 and in 1986, we had a beach house there in Avila Beach, California. If you want to Google it, just go to 80 San Antonio, Avila Beach, California. You'll see it. It overlooks the Pacific there in that beautiful little cove. And John was a owner of the several Wallston and company offices. He was a friend of Ross Perot. John was in a really bad auto accident a few weeks ago. He's recovering now. And I was talking to John and who would be in the room there that flew all the way from Texas to visit him other than Ross Perot himself. And they're just about the same age. John is 85 and I think Ross is a little bit older, but he's a super nice good old Texas boy. And it was really, I spent well over an hour just chatting about all the fun stuff that we had done through the years, and he really got banged up. And he's got two knee replaced, a hip replaced. He's on a pacemaker. So having a lot of money don't always mean a whole lot, folks, but super nice guy. By the way, his daughter, Deidre, was one of the people that started Kate Spade. And she made hundreds of millions of dollars. And that's it. You know, it's really cool. Anyway, there's something big happening in that. I'm going to switch over to Hogs for just a second here because take a look at this Hog chart. This is one of our friends out there in Arizona. And you'll notice here that the big volume spike that we had here as the Hogs get down to that 80, 50 level again, that's below the 78% level. And it's a tad below the three drive to a bottom pattern, but Hogs could be bottoming in here, folks. And the reason why I say that is we're seeing a big difference between the August Hogs and the December Hogs. And I will, that's a far out month, of course, but I'll be covering that in the newsletter over the weekend, you know, to get a better eye on what we think is going to be happening with that. So let's pay, let's pay attention to that. We've got Bill Morini. He'll be my guest here in 15 minutes. If you want to call in, it's 877-927-6648. If you have any questions about any stock, old silver, how to make Wild Crow taste pretty good, any of those things we can try to help you with, you know, give us a call here. The last chart I want to post here before we come to the next segment comes from our good friend, Norm Winsky. The man in the middle, the man in the middle is Neil Armstrong, the first man on the moon and Norm's uncle is on the right-hand, left-hand side. The TAS Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence as you begin your trading day? It's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The TAS Profile Scanner instantly scans and filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. 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Details on The Tiger's Den is available on the page of TFNN.com. Call now. Toll free at 1-877-927-6648 internationally at 727-873-7618. Good job. That was my associate producer. He's here on a sabbatical here. Let's take a quick look at some of these market folks. One of the things we want to look at that I think is really important is this TLT chart. It's a couple days old, but let's take a look here. You'll be able to see here that we've made new highs in TLT. We've made new highs in notes, and we're doing that with a drop in open interest. I will keep repeating this until they put that final thing on my tombstone that he didn't change his mind until the very end and even then he didn't. Compound number three. Compound number three. That was Compound number two, Marshall. Thank you for asking. Okay, let's go into this. The open interest is dropping. Prices are going up. That means this market is weakening. That's the structure of the commodities. These are commodities. They're actual contracts. You have to have a buyer and a seller. If you don't have a buyer and a seller, there's no change in open interest. If you get a buyer and a seller, it's one at a time. So that's it. Anyway, keep watching this because when this thing turns, and I'm not sure it's going to do it in my lifetime, but if it does, and if it does, it's going to be quite nasty in my opinion. Someone's asked me the question, what would be the possibility of gold having a, you know, big correction here? Well, the possibility is quite high. I mean, I posted that long-term weekly chart. We've got some patterns up here around that 14-20 level, but folks, all this stuff happens in gold. Right? Tell me something. This doesn't, you know, stop a little common sense, okay? You got gold trading all day long, 6 o'clock in the morning till 2, 3 in the afternoon, very heavily, right? What does it do? It bounces around between 1365 and 1348. Then when there's no liquidity in the market, the market runs from 1365 to 1420. And they do that with very, very, I mean, a small amount of contracts. I mean, it really is. But the open interest in the gold is very positive. They're pumping it in there, 10,000 contracts a day. So the players are there. The players are not in the notes and bonds. They're leaving. And they're leaving in the S&P too. I just, you know, pointed out they were down 2%. That's not a good sign. But, you know, the market still goes up because of short-carving. So who knows? Anyway, we did make new highs in these things. So we're going to be watching it, you know, very, very closely in here for these next few days to see what's going on. The U.S. dollar still acting okay. I believe that we've got a chance for some pretty good action here in the Euro. We got above that 113 level. That's really good. But the one that I've really got on my watch list has come down to the 78% level. You'll notice that we've been coming down quite sharply. And now this is the weekly. And I wanted to get to just above 107. And that's where we got to last night. We got to 107 and change. This was my post from Sunday. And I believe that that might be a pretty good bottom. So there could be a churn coming in some of these things as far as risk on and risk off. So we'll be able to see if that's going to be the case. Mr. Z is talking about the trading in gold this week. It really has been, you know, quite unusual and phenomenal because once we went above 1365, folks, there was no resistance there at all. And it, you know, went up above it, came back to it once. And then last night, of course, it just absolutely exploded and got up to 1416 and then dropped 30 bucks, stopped exactly at the 382 level as I posted. And I posted that as it was happening. And I know that some of the folks were able to take advantage of that and quickly rallied 15 bucks to the exact 61% retracement. And then now it's just chopping around. The ideal situation, folks, is if you, we have a potential now, and I'm going to post this again because it's that, I think it's that important. You'll be able to see it if you understand anything about the ABCD patterns that we look at. You'll notice here that that last rally we had up there at 1404, that's exactly 61% retracement. So if the A level is at 1416 and your B level is at 1385, all you have to do is to, you know, AB plus C minus A is going to take you right down to the old breakout level at roughly 1375. And that's a place where you'd really like to maybe take a position in goal because that'll be a really nice ABCD and we'll be able to see. They'll be able to watch that for sure. Mr. Z's pointing about how the volume in the thing was really running last night. It was really, really, really quite amazing. That takes folks that when you see volume like Mr. Z is posting there like 40,000 contracts, that's not 500 here, 500 there, 400 here, 500 there. That's one huge player out there. And so, well, it could be a combination of two or three, but 40,000 contracts within an hour range. I mean, that's a lot of volume coming in there. So that's all of that's important stuff. So the open interest is going to be watched again tonight because if we had a big drop in open interest last night and the figures from that move between 1375 and 1390 and 1416 is not going to be in, not be until tonight because then you'll see because it's already, they've already given those figures out by the time that was done. So you've got to pay relatively close attention to that as you're watching it. So this is a real key one to pay attention. This has been a very eventful week with the Federal Reserve and all the stuff that's going on, the prices breaking out and the fact that the grain stopped going up for at least a tiny little bit in here and the currencies are rocking and rolling again. So we've got to focus on the euro, we've got to focus on that Japanese yen and keep an eye on that dollar index because that's where the key is. That's where they keep scores with the money and as old Bernstein and Woodward said, follow the money. Let's sort of watch that because if that dollar starts to weaken as Tom O'Brien talked about on his show earlier this morning, it's going to make our goods cheaper and that'll promote the, you know, buying and selling of grains and stuff like that. But frankly, folks, the way that crop is looking right now in corn, soybeans and even in wheat, wheat is the weak sister that they're going to have to buy no matter what because we're starting to see a potential really disastrous crop. The reason why it's got such a late start. Now, if it doesn't bloom like it's supposed to and then we get an early frost or too much rain in the fall, uh-oh, then we got problems where we could be looking at, you know, $16, $17 beans, $7, $8 corn and, you know, $9, $10 wheat and the rest of the world's still going to have to buy it. So we'll be able to, you know, watch that as we go through and look at some of these. We've had a little bit of divergence in the stock indices whereas the New York Stock Exchange Index and the Russell have been a little bit weaker, but the Dow Jones, of course, is very, very bullish and of course the E-mini bopping up into new high ground which was done just the other day. So we'll see how it all works out as we go through, but there's an interesting period here. The price of the coffee is holding up relatively well. This is for Ruby and so it looks like it's making a pretty good bottom in here and I think we could easily, if coffee turns like it's supposed to here, we could easily see coffee up around the 113, 114 level again without too much trouble. So those are the main ones that we're looking at. If you get a break in the corn in December corn, new crop corn down to that 420 level, I would certainly take a look at that because that's going to be a 382 retracement. It'll also be an ABCD pattern. So watch that one. That's another one. 877-927-6648 Stay tuned for Bill Meridian of Cycles Research, Vienna, Austria. We'll see you in the next video. If you're a technical trader that uses patterns and retracements to trade, then Larry's service Fibonacci 24.7 is something that you must try. Right now, new subscribers can get a full 30-day money-back guarantee. With nothing to risk, sign up now to Larry Pezzavento's Fibonacci 24.7 by visiting the front page of TFNN.com under Trading Newsletters. 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Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Chart today by visiting TFNN.com. For more information, just click the Think or Swim banner on the front page of TFNN.com. Okay, we're back, folks, and I believe we have Bill Meridian, the cycles of research, Vienna, Austria on the line. Bill, how are you doing? Yeah, well, hello from New York. Hey, I know where that is. What are you doing? Just checking out on your property up there? Yeah, I'm sitting in it right now. Hey, thank you for sending me the great pictures. I posted the one from the Statue of Liberty, Bill was out on evidently one of the boondoggle yachts with some folks and stuff. You want to tell the folks what kind of a... You were going to a cannabis convention, wasn't it, Bill? Yeah, well, my two friends won these shows. They're Boston, Los Angeles, New York. It's the hemp and cannabis exposition that was in the Javits Center. And they have a cruise on Friday nights, which is a really interesting mix of people. I think this is what the old gold rush might have looked like because you have all sorts of people there. And I can just tell you that the number of exhibitors was up 35% over last year. And this year you saw some big names there. Last year I saw some legal... some companies that I had never heard of, accounting and law firms. And this time there were some bigger ones there, so they're getting more serious about it. And there were people there selling lights to grow marijuana, packaging equipment. One guy was selling safes. And I said, what are you doing here? And he said, well, most banks will not accept the proceeds of the marijuana business. And I said, oh, do you give away rifles with this too? And then there are people with, of course, the CBC-infused makeup, candy, and everything you could think of. I got some free sample dog biscuits with CBC in it. And CBC and everything. And when you talk to the people, you get the impression that it's like a Hollywood movie set. One of the guys told me some of these stocks trading on the New York Stock Exchange. He said he knows them. He said the fundamentals are paper thin. And I, you know, a year ago, I came to the conclusion with one of the guys there that, you know, of course, everybody's waiting for a federal government to do something and give them a mandate. And this year, I mean, the impression I have is that once this is legalized, the big companies are like a giant that will step one of these little companies. I don't think they have much of a chance. And last Friday, I was out at dinner and my friend told me that her, one of her son's friends, bought 300 acres in Oregon or Washington State to grow cannabis. But that found out that already at the behest of very large companies, a number of very restrictive rules and regulations have been passed to keep the small guys out. So I don't think these little companies have much of a chance. And I met one lady from Columbia, she's got a degree in industrial engineering, and we met after the conference and I sat down and I said, how is anybody going to make any money? She said, that's what I'm trying to figure out too. And she's got the licenses for distribution in Columbia and Puerto Rico. And I said, okay, but it seems to me that Altria, which is the old Phillip Morris, I'll bet they're all ready to pounce on this. And by the way, did you get charts yet? Because I just emailed them to you again. Let me double check, Bill. I didn't, but I have a question for myself. Are you following the cannabis stocks at all? Do you have any feeling on any of those? Someone's already asked that question. And I was wondering if so. I'm trying to get a handle on their fundamentals. And I don't know whether these things are just speculations or whether they're some solid companies. But my thought is, the guys who actually have the acreage and are already growing are the ones that I would concentrate on. And I met people who were in management. I asked them what they did. They said, well, we help the small companies incorporate. We help them incorporate and get them through. I said, well, that's okay. And I went to some other guys. They have a spectrographic analysis. They can determine if any pests are going to grow in the crop. And it goes right up to a satellite and through the internet. And if it detects any sort of pest, it immediately relays back and tells you what the pest is and what steps to take. And I was thinking to myself, when I was on Wall Street in the 70s, as a fundamental analyst, I followed big food companies and I think they already have all this technology. So that's the type of thing that I experienced in this cannabis-infused candy. It seems like the big confectioners have an edge there. Same thing with the makeup companies. All I have to do is I've already looked into it. How do you put CBC into your... And wherever you go now, in health food stores, you're seeing a CBC hemp section. And I've been told by several people. We know people making a hell of a lot of money right now. I said, yeah, I'm just trying to figure out who's legitimate and who's not. And those pictures I sent you, by the way, that wasn't Tina Turner that I was with. I was joking with you, Bill. She's a publicist in New York who just happens to look very... She's from Antigua, so she looks very exotic. And the singer is the daughter of the guy running on the shows, that's Siobhan, who's a backup singer for Madonna. So it was quite an event. And I really... My guess is this is going to be legalized and there's going to be one huge rush. I think the thing to do is to look at the big companies. The safest route is to look at the big companies that are already moving in or ready to move in because they're going to push all the little guys aside. But there'll be a few, maybe one in 50, one in 100 companies that do something unique, which is what I'm looking for. Will they ever have this stuff for old people like me? I've never tried any of that stuff. Maybe I should just to see what it's like. Oh, well. Hey, listen, let's get back to the markets here. We want to talk about the oil market first. What's your overall feeling here of what's happening in the oil market? We're up around 57 in change now. Any particular feeling that you see here in the oil market that could make it move either direction? By the way, did you get the charts yet? Yes, I've already got the first one up. All right, let me move to my charts then. This was a note that I sent out so we can just... Well, first of all, let me just state that I think this is very important if you're studying this type of analysis. But the graphs that I use most of the time come from my own software. And you have to remember it is based on a sine wave, which is a circle. And as we know, orbits of the planets are elliptical. So there are two types of cycles, circular and elliptical. And generally, most of the time, you can get by with the circular trends two thirds of the time, three quarters of the time. But you can't... There are certain elliptical cycles that will override the circular cycles. And just this past week, we had Jupiter 90 degrees from Neptune. And that will cause golden oil to rise. And I was uncertain because my monthly sine wave cycle goes down right at the end of the year. And as we know, Larry, markets just don't go straight down. They have to have some rallies. And I think we have an ad. Yeah, we do. We'll be right back with Bill Meridian of Cycles Research, Vienna, Austria. 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Distributor, four-side fund services, LLC. Next on TFNN. Back folks, we're talking with Bill Meridian of Cycles Research. Bill, on the oil market, do you want to tell us what you're looking at here? Yeah, I'll just run down this note, these items one through five. First of all, the technical formation of the oil price suggested a rally. We'll see that in charts one and two. And oil lost more than 2.5% during the day in six out of 15 sessions. That's excessive. When you see that, that's what really clued me in. That decline is too extreme. And six months after such a price, such developments over the last 30 years, oil was up in each case once, and that was a 3% loss. So it just fell too far too fast. And now what people will like, we'll see this chart number three. Jupiter was 90 degrees from Neptune, usually a low. The oil price responded, and so did the gold price. Jupiter and Neptune rule inflation and inflation hedges. And most people, when they start looking at planets, as I did in the 70s and you did, you think that a hard aspect is bad. 90 degrees is bad, makes things go down. No, not necessarily. You have to let the market tell you. That's why I invented software to tell us that. And number four, sentiment. Hedge funds boosted their short bets by 46% the most since August on oil. And they're usually right. And if they're shorting, then that is, excuse me, they're usually incorrect. So that's a contrary indicator. So they got heavily short after not shorting. They were not short at the top. They started shorting it at the low. They are most heavily short. And the open interest put call ratio has been dropping. So there are more calls are being written by bearish traders who expect the price of decline so that they can collect the premiums on the expired calls. That's another contrary buy signal. So let's look at chart number one. You see that first of all, you had that big update when it broke out of that little formation that was around the 18th of June. And then you see higher lows in momentum. Then we'll run down to chart two, which is weekly. And you'll note that it's at a 50% retracement level of one of the prior rallies. And look at the momentum, that green line turning up down below zero with higher lows. So that's another momentum buy signal. And then we go to chart three. And this is the interesting one. That is the average effect of a Jupiter Neptune square with zero on the graph being the exact square. That's the effect on oil prices. That is, there are only five observations. And oil has risen in four or five cases. They only have data going back to 83. So this is a little bit thin, but I have much longer data on gold. And this is fairly consistent. Now let's take that and superimpose it on the current price graph. And that's chart four. They see the current oil price. And this is really cool. Hold on just a second. This is really a cool one. I like to see these overlays. Folks out there, the whole cycle is about 13 years long. So you're only going to get one of these every 13 years. And by retrograde motion, you may wind up having three of them. And that's the reason it's so hard for standard researchers to pick these things up. If they don't use planets, they keep assuming that cycles are circular. Well, these cycles are elliptical. And these things can greatly disturb the sine wave cycles, which assume that prices or price cycles are circles. So we have a counter trend rally here. And I just wanted to go down and rerun. I've shown you this before, but look at the S&P projection. And that's based solely on sine wave cycles. So I run these first. Then I go to the planets and see, is there any major configuration that I have not looked at that would disturb this? And the answer was no. Right now, you see the red cell signal, the green bi-signal was still on the bi-signal. And as far as I can see, today is a projected turning point, which means there are a lot of day counts from prior highs and lows that point to today. And we're obviously running straight up. So Monday, Tuesday, there's probably going to be some degree of a pullback. But the trend is still up. And as far as I can see, we're probably going to go up here into, you know, through July into August and then have another pullback. And then one last rally, and as I used to say at Pain Webber, by the time it's done in December, you'll have to go to Yellowstone National Park to find a bear. Because the sentiment will be overwhelmingly bullish. Nobody will know where the high is. And then I think we have a two-year bear market and paper assets. Bill, we want to thank you for your own last month. And you were very, very bullish on the yellow-metal gold. And my goodness, it's moved $100 an ounce since the last time you were on. We hit 14-16 last night. What's your feeling here? Here we have a real conflict in the work because that graphs I've just shown you on oil also applies to gold. But all the other gold work points down and the cycle's top this week. And so the question is, which is going to have the upper hand? When I tell people who are starting to do this type of research that it's not that easy. When you see a cycle, you can't just follow it blindly. So occasionally they work perfectly for a while enough to sort of entice you and then they'll go off. So right here we have the planetary, the Jupiter 90 to Neptune sending gold up and we have all the other work pointing down. And so you've got to decide between the two. I remember way back when I started this, I went over this with Arch Grufford and other people who got started in the early days and said, you know, we're back where we started from. We've got one indicator pointing up and the other one pointing down. And what do you do? And the general rule of thumb is that which happens less often. Generally, you have less examples. Like you've only got here for oil, only five. Those generally will override those that happen very frequently like an annual cycle. How often does an annual cycle happen? Well, every year. How does gold behave in June? That happens every year. So something like this will override it for a period of time. So right now, if you have profits on gold, be happy. And on the first weekday coming up, when I mean week, I mean W-E-A-K, I would check the sentiment. And I think maybe in about a week we're going to start back down. But I don't see any major cycle lifting gold here. So, and again, my cycle on oil points down through the end of the year. So I think this is a temporary counter-trend rally in oil. So I think the same thing about gold. Okay, boy, that certainly makes good sense. Bill, how can the folks reach you? I mean, you know how much I enjoy having you on the show and I know the folks too. But how do the folks reach you? Do you have a, you've got a special website and email address, correct? And a new book too. Well, it's billmaridian.com is the website or it's bill at cyclesresearch.com is the email. And the last book was, which one was the last one? It was the book about mundane astrology, which is mastering geopolitical prediction. And I also wanted to add, if you remember months ago, I said that based upon the horoscope of U.S. Chinese diplomatic relations, in other words, the first date, I think it was 1903, when they set up diplomatic relations, this eclipse coming up in July falls in that short part. And I think very favorably for the U.S. So if you remember, I had said that the market was going to rally based upon the solving of the trade problem. And I think we're on course for that. Hey, Bill, thanks for joining us, my friend, and travel safely home. Joy having you here. Try to come back and live more often here. I'm actually doing that. Good. We'll be right back, folks. 877-927-6648. 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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, Basil 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, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil 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, Basil 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, Basil'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 Basil's newsletter of the opening call today by visiting TFNN.com. Banner on the front page of TFNN.com. Back folks and we have an interesting time today because we have the summer solstice coming in at 11.54. Al, thanks for sending that to me. Al Pierce sent that along to me. So watch 11.54 and the reason why it's so important, you know I work with artificial intelligence and that's the time. 11.54 has nothing to do with the solstice but has to do with some other time. So watch that time frame at 12 o'clock. If we're coming down into the stock market it would be a good place for to see it rally and if we're going up into 12 o'clock it would most probably be a place to take a look at it from the sell side but watch 12 o'clock. That's in, see that's two hours and the way you do that you take 10 o'clock and you add two and that gets you to 12. Actually it's two hours from exactly right now, 9.55 Eastern time. So keep a close eye on that one. That's very interesting. I still believe we've made some type of a top this week in these notes and bonds just based on the drop in open interest. Gold is certainly broken out. Extremely bullish. Big open interest increases. Any pullback to say 13.75 would be I think that would look awfully nice because you'd have an ABCD pattern at that time. The foreign currencies are all over the map with the Euro trading at 1313.30 up well over 150 pips this week making US dollar a little bit weaker which makes our products more acceptable to people that are under tariff. So all that will figure in somewhere as we walk through this. But watch this time today folks. We're going to talk about this on Monday because these are some of the key times that happened right during the time and believe me if the ancients wrote these on clay tablets that Dr. Andrew Lo reported about in his book The Evolution of Technical Analysis I think we should look at, especially today the fact that we do have that summer solstice and we should do the same thing on the equinoxes also. Keep a close eye on that stuff. And the main thing to do folks is live every day in an attitude of gratitude and may God bless and do something nice for someone who has a whole lot less than you. And we'll try to catch you on Flip Flop on Monday without any major corrections in the market. We'll be able to start fresh on Monday as we usually do.