 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. If the land gets a little shaky underneath yourself, like an earthquake and goes way above that deep point, you don't want to have anything to do with it. So that's what you have to remember. Now, we're going to go over and take a little trip today. Free travel time today here at TFNN. We're going to go over to Italy and talk to our good friend, Mr. Mario Draghi. Just a second, Mario, we'll get you up here and get you on the line here. I think he's waiting on the line. Oh, he's busy right now, but let's get his picture up here so we can see it. And basically what he said over the weekend is we're going to keep this Euro ECB working really good. And so we're going to take whatever it takes to pump money into it. In other words, helicopter Mario is what he basically was announcement. Well, that got the market moving. And of course, the Euro has had a really, really strong move that we started on Thursday that we had already talked about. But I wanted to share with you one of the really neat charts sent to us by J.C. Parrots of All-Star Charts. And it shows the relationship. And we talk about that on the show here a great deal. But this chart really depicts the relationship between the U.S. dollar and the S&P 500. You can see the dollar index when it topped up there. And that's when the S&P bottomed. I mean, look at this, folks. And when you talk about follow the money, this is really, really an interesting one to look at. Now the bottom in the S&P that we had on Thursday was not that hard to understand. I don't believe we were watching it quite a bit here on the program. And we'll just get this up here to remind ourselves what we're looking at because we've got a very, very positive pattern here in this stock indices right now. That doesn't mean it can't go down and take out new lows or even retrace all of it. It doesn't make any difference. It just means that this major pattern that we had here, this was the big ABCD to the downside. You can see the three drive to a bottom pattern. Then we had this absolutely gorgeous, beautiful Gartley on Thursday and then the explosive move. And then on Sunday night, the market actually gapped up above that number. And I haven't filled that gap yet. I don't believe I haven't been live for 10 to 15 minutes, but 83.79 I believe is where it has to pull back to in order to fill that gap because we did leave a gap there. And boy, gaps in the S&P, even in the S&P futures are quite rare. So that is a really strong pattern. We mentioned the fact that, you know, if Apple got above that 149 level that it was going to take off and it certainly did. And that was one of the triggers where the stock market has become very, very strong here these last few days. How long will it last? No one knows, but that's the good part. Nobody ever knows what's going to happen next, including me. But if you'll notice here, we do have a perfect ABCD pattern forming here in this S&P, which take us up probably at 4060. Ideally that would come in in a few days, might take longer, might be a little less, but we want to watch 4060 in that E-mini S&P because that's going to be a really important ABCD pattern on the upside. We've seen one on the downside. Now we want to see if we can see one on the upside. Still a little early. We really don't know. I wanted to share with you a couple of things. Tom Hougard is my good friend and I chat with him all the time, but I sent Tom some charts here over the weekend just to show the fact of how some of these things are operating nowadays as far as technical analysis. We're going to start here with the Euro going into where we were here on Friday the 15th. We'll get this up here so you can see it. You'll see we had this big bottom that happened down here. This bottom we'll discuss in just a moment, but you can see we had the rally up exactly to the 382. Folks, we've gone above 1.19. We're almost at 1.02 now. Up 300 handles from the bottom that we had. What is this? This is the bad part about these darn things is the fact that I cannot keep... That's the landline, folks. I'm sorry. I don't even want to go over and try to reach it, so it's not that important. Let's move on here. I want to talk to you about this Euro because I think this is where we really had an interesting thing happen. Hold on one second here. This is... Just give me a second here. Get this weekly chart up here. There's what I want to show you. We talked about this last week. We're going to talk about it. This is major, major, major number here, folks. Right on the old point. Beautiful. Look at that. Seven weeks down in the A-leg, seven weeks down in the CD-leg, and a perfect ABCD, and we're already up to 1.02. This tells us that we're in a really strong rally that should take this all the way up to the 1.06 to 1.07 level. If it does what it did, the last time we had a three-week rally, we rallied that much. So if you add that to that, that's going to take you up to about 1.07. So remind ourselves that that's what we're... That's what we're paying attention to here this morning in the Euro. But the good part of it is you can see the 3-8-2s that I sent you on these patterns because they're just in strong trending markets, folks. It's something that you really ought to pay very, very close attention to. Now, look at the... I'm just going to show you the opposite side of this because here is the Euro that we were following all the way down, folks. We were doing all of these. You can see here this 3-8-2s all the way down to the bottom that we got down in here. That was all 3-8-2 actions we were looking at. And they all worked fine. I mean, they don't always work fine, but when they do work, you got something that will really hold your hands on. Now, here's the one Friday, and we did this one. I want to get it up here to shut the front door and raise the rent just a minute here. Got to get back up here. Oh, that's not good. Just a second. Don't ever let an Italian in front of a computer that doesn't know technical stuff because I have a rough time. Okay, now, here is the Dow Jones E-mini. On Friday, you can see we had this big move down. There was your 3-drive to a bottom pattern just like we were seeing in the S&P. We rallied really strongly. Friday, we come down in the middle of the night right to the exact 3-8-2, and then we make another 3-8-2 as the report came out, and then we're off to the races, and we went above the 31,500 level on this so far, and we probably still got a little ways to go, but we're trying to fill that gap, I believe, this morning, which will be very, very important. No matter what happens with these folks, we are going to see volatility that's going to go off to charts, and that's where these patterns will really help you, and I hope I can get this telegram channel set up. We're done the end of this week or early next week, and then we're going to get this stuff out to you instantaneously, and we'll be able to see some of these things that we're looking at at various times of the night. If you want to see a 3-8-2 pattern, folks, that really wants to knock your socks off, let me get this up here and get it to your level right here. This happens to be the last couple of days in crude oil, so if you don't believe in 3-8-2, after this one, folks, there's no hope. We're trading at 102 and change on this one, folks. Three of them in a row. We'll be right back. 877-927-6648. With booming inflation, we are purchasing powers eroded. There's no better place to protect your hard-earned money than in gold. 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TFNN Educating Investors All now, toll-free at 1-877-927-6648 internationally at 727-873-7618 Oh my gosh boys and girls I have some really great news a miracle has just happened here at TFNN buckle your seatbelts, hold on someone has got through on the telephone line and it's none other than Mr. Z from Philly John, how you doing? You are setting the bar way too high I'll never jump over that once You could slip over it's not a problem, I do the holy gully under it, so no big deal what can I help you with buddy? Sir, please bring up the Bond Futures 4-Hour Chart What I'd like to ask you about is we had this rally starting back June 16th about 131 low got up to 142 now we're kind of right back in the middle of that range my question is do you have your chart work the patterns patterns that you see suggest to you it's likely the next move in Bond is up over 142 or back to test 131 I frankly I don't have any idea was hoping you might shut some light on that question Well I have a swag for you okay sophisticated wild agus and that's all I'm going to do is show you the pattern that I'm looking at we had that 3-8-2 magical rally up there to 142-06 that was it, we're now trading at 138 we had 141 last night we're down three handles from where we were in the middle of the night last night I posted a video saying gee I'll take a look at that 786 up there at 140-110 it seemed to work the high 141-14 but I think we're headed lower I think what they're doing now is they're jaw boning with Mr. Draghi coming out saying we're going to print bonds until the cows come home and well maybe they will but they're going to have to print them at higher interest rates because I don't think people are going to fall for the falling interest rate scenario that these notes and bonds have had in this rally that's my opinion 131 it is I appreciate that I wanted to also ask you I wonder I know you don't have him on any longer and he's a very busy man these days but Simonly is intimately and heavily involved with customers hedging in the ag markets and I'm sure he's hedging for farmers and he's probably hedging for the livestock producers who buy the stuff but in your conversations with him any guesses as to how important the lows and corn and soybeans were last week yes he has he has over 350 farms that he manages through Farm Bureau that's who he operates their operations there is Farm Bureau bought him out two years ago basically what he's looking at here is the farmers costs have gone up but the price of the farmland has gone much higher than the cost of raising some corn or anything like that nitrogen is up three times what it was a couple years ago but the farmers are still doing okay look John we got corn at $6 not at $340 so this is we have to have a bumper crop this year or there's going to be many millions of people will die in countries that get our grain they won't be getting as much and a lot of people will probably starve that's what he's looking at but we need bumper crops and he thinks those lows that we made last week actually corn didn't even go below $7 on spot corn so that's what he's looking at he's looking at much much higher prices and I have to agree if we don't have a bumper crop something's wrong are you following the weather in Europe John it's 100 degrees in London today yes yes I am there's a lot of adverse weather as I call it all over the place and it's not just Texas, Oklahoma, Kansas you're right it's London, Paris and Frankfurt this week too yeah it's all over so we really need bumper crops and frankly given the scenario of all the economics in the world we're probably not going to get a bumper crop because I believe we might be looking to dust bowl type environment that we had in the 30s and late 30s and early 40s but you know it might not be as bad but we have to have a bumper crop or these people are going to be there's a lot of people we're lucky here because we've got plenty of everything water, food other countries don't have that so it's going to be interesting and then if they don't get the food that leads to war so not a good scenario for sure yeah I'll just observe in the new crop corn and the new crop soybean futures and in all the futures the big declines that occurred from those may highs into the lows last week you don't get those big percentage price changes to the downside unless you have speculators who are heavily long who are dumping their longs and possibly even going short where we stand today as a result of that action the past several weeks into last week's lows is that the speculator crowd had exited a very good a large percentage of their long position and if this adverse whether that's occurring this week if this extends for more than a week of course I'm no weatherman so I don't care to guess on that but if it extends past this week that same crowd who dumps stands a good chance of saying oops I was wrong I gotta buy again and buying at higher price so I will not be shocked if there's a continuation of the adverse whether leading to 10, 20, 30% price gains in these things again so that's my that's my guess I posted the chart of the 50 cent rally that we've had in wheat today we had a big bottom on Friday and market rallied up overnight pulled right back to a 382 retracement and then continued the ABCD up there at 839 a bushel so you know John three weeks two months ago we were trading at $14 a bushel gets down to $8 nobody wants it you know they finally get it on sale and nobody wants to buy it liquidation that I was speaking of exactly yes it sure was yeah well there's a hey let you go Mr. Z from Philly always has some great information thanks a lot John speaking of the commodities now you know we actually have really good prices in the markets folks for cattle and hogs we've really moved very much at all they've been in a very very tight tight trading range for a very very long time so that's a good part about this second thing is is we've got gasoline now down to 439 a gallon here in Tucson but you know maybe it's going to go higher maybe it's going to go lower but at least it's didn't stay at $5 from more than one day so that's mainly it I try to watch ABCD folks that's what I look at I'm going to show you one more ABCD before we get into the break it's the ABCD that we had here in the gold last night and we'll get up here and talk about gold when we come back for our next segment in here I remember I'll be doing Basil's show Thursday and Friday so I'll be two hours on Thursday and two hours on Friday planning something special 877-927-6648 if you want to take advantage of this sector now is the time to subscribe to my gold report 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 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 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 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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 thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com okay folks I posted another chart from jc parrots all start charts and that's showing you the up down up down volume in the stock market the other day we had that monster bottom and then boom the explosion to the upside that was nine to one folks you can see that was nearly historical so that's very very important but the next one I want to show you goes back a lot longer time frame and it's a little bit larger cycle and that tells you maybe we could get a little bit large larger rally than we might think this goes back over a hundred years I just want to get this up here to show you how many times the market has done it just did you'll notice here we haven't had this happen this is a number 34 weeks down without a major career well you know small corrections but look at this the last time that her happened was back in March of 08 and we all know what that that was I mean we were looking at the S&P it brought 664 and the Dow Jones I forget what it was it was really small 1600 oh it says the charts not coming through just one second here let's get it up here see if we can get it again and here we go I probably missed one button and we'll see if this is working and take it off pause okay do what I can here to see what's going on here and then we'll go from there I think they're coming through okay today so we'll see what's going on now I want to just take a take a trip we already went over across the pond over to Italy and now what we're going to do we go over to Hong Kong and I want to just show you where we are here here is the Hong Kong market I want to get this up here we have many many friends over there and the family sort of dispersed because Sarah's son Jackie has moved to the UK he's made that their home so they're going to be living there they bought a beautiful place on Canary Wharf and he's a big time attorney at one of the big partners there and you can see here we made this 382 retracement here this is the long-term weekly folks remember we had this major support right here at the bottom there was the big ABCD going back about three and a half years ago so that's a major one now we're pulling back down again and what we have possibly here is the one three five pattern forming we have possible three higher lows the only thing that's really negative about this is this big big down week that we had in Hong Kong this past week very very important so when that usually happens the one thing that I'll try to do is go down to a daily chart I made a video about this of course I want to get this up here so we can see it and we'll get this up here and see it a lot easier I've blown it up so that it's discernible to what we're watching but you'll notice there was the one three five pattern on the downside you can see here's the 61% retracement that's also the three eight two on the long-term weekly then we have the three lower highs one three and five we've come down now we're setting a major support almost exactly at the 78% level now this is a daily that means that these bars right here when you put it on the weekly is really really down bars so it wasn't one day that made that it took five days to make it but that's still very very important my assumption is here in the market we're going to be chopping around with a little upside bias here for the next few days and then we'll see you know what happens you know to this market as we come into the end of July and the dog days of summer as they say okay now I wanted to move on and cover the gold market so bear with me here one second this is an interesting one folks because I I looked at something that really was very very interesting and that's where I thought we would have a little bit of a rally on gold today it hasn't rallied much we're still slightly up basically nothing but as I look at this gold market and I spent a great deal of time on silver and gold platinum all of them but you'll notice this level right here this double bottom now the other bottom back here was 1679 we've only got to 1692 but that's the 382 folks you see how it held the 382 the first time maybe it's going to hold the 382 this time the negative to this is that we didn't rally very much folks we rallied up to that ABCD that I posted a little while ago at 1725 that was a perfect ABCD now if this thing was really good it would have taken out that 1725 like it didn't even exist and what did it do it drops $20 an ounce so that tells you my premise here is probably wrong we're heading down here to 1600 to 1595 there's a 382 we've been buried since that time that was 1880 in the gold and here we are a little right above 1700 right now so I try to follow the patterns folks and honest to God people ask me this question all the time how do I stay away from listening to that stuff A I put the Bloomberg or CNBC always on mute I just want to look at the headlines I want to see how the market responds to that stuff I've been around for so dog on long that I don't I've seen the games that look at wheat perfect example in wheat you know we're up at $14 two months ago folks I mean the world is coming to an end there's no more wheat Putin's going to burn the wheat that's in the Crimea all that stuff was in the news at 14 bucks where's it at now $8 hello that's $20,000 folks at somebody's you know took it in the shorts man that's not that's we follow those fundamentals you got to be really really careful very very careful to do that the second thing people ask me about a lot is the astrology and folks when I first wrote that book astro cycles the traders viewpoint I really thought that I knew a lot about astrology but the more the more I got in it the less I really knew and the people I started hanging around with are getting information you know we had we have Bill meridian Norm winsky Alfie Levoix Tim boss oh my guess I'm probably going to forget arch Crawford all these guys knew so much more than I did I know one thing folks I know how to I know how to put orders in and buy and sell using a simple little patterns a B.C. three eight twos one three five I can do that all day long boring as hell but by golly you know what it pays the bills and that's what's important now I'm going to move into the astrology just a little bit because I use very very simple things that one of the greatest traders that I ever met knew personally I didn't know Amos Hostel personally I knew him but I didn't know him personally I did know Frank Towsher and Frank Towsher did the super traders almanac hands down the best trader I ever met he would put a hundred grand into those things everybody got a hundred grand funny money he put a hundred grand of his own money up and he made never made believe listen to me folks he never made less then four times the amount of money that the second place finisher got so that's that shows you how good he was he used a tiny bit of astrology not much simple you know the daily you know full moons and new moves I'm going to put this chart up now this isn't from this isn't from Frank Towsher it's from somebody else but it shows the lunar cycles that are related to the gold that's all it is you just do some simple time counts and that's all you have to do you don't have to to worry about the moons in the seventh house and Jupiter is aligned with Mars you know do some simple time counts look at the ratios look at the patterns and then let the market decide whether it's the bottom or not that's that's really all your that's all you can do and that's what you should do you know I spoke to Paula Douglas over the weekend and we were reminiscing about when I first met Mark which was back in 83 I went to Las Vegas for a computer seminar he was speaking and I was speaking and I wanted to hear him and he said to me he said I've told this story before but it's worth repeating he said don't listen to me he said go in to that seminar in here on spousal abuse with John was his name John Bradford I think was John Bradford I think is what it was we'll be right back 877-927-6648 TFNN has been your trusted source of analysis for bonds metals stocks commodities and options for years and we are happy to announce that we are bringing that same caliber of analysis for the forex market Teddy Keckstat has 30 plus years of experience in forex trading commodity risk management stocks hedging volatility and so much more Teddy releases his weekly Tiger Forex report every Monday morning with elite coverage of all major currency pairs including the DXY Euro Dollar, Pound Dollar, Ozzy Dollar Dollar Yen, Dollar Swizz Frank and so much more Teddy will recommend specific trades when the market presents them and provide updates throughout the week when warranted for the month of July inaugural members to the Tiger Forex report will receive 25% off the monthly subscription as long as they're subscribed just use promo code Teddy25 to lock in the added savings this offer is good only for the month of July so do not miss your opportunity to save on the Tiger Forex report TFNN educating investors the technology around us is changing every day with so much happening 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 today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology this 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 $37.50 sign up for David's newsletter the Technology Insider and get an inside look at everything the technology sector has to offer try at 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 funds is subject to risk including the possible loss of principal funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foreside 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 I was telling a story about when I met Mark Doug was the first time in Las Vegas at the CompuTrack seminar and Mark said I don't want you to go to this one he said I want you to go to this one and that was John Bradford and it was I didn't have any idea who John Bradford was he's a psychologist that specialized in spousal abuse and so I what am I doing in here so I go in and the first thing I see there's about 300 women in there and it's only about three guys and I say ooh I can deal with these odds so I said I got to pay attention to this and oh my gosh there's nothing passing tissue paper around I'm hearing the most horrifying God blood curdling stories I've ever heard in my life and after and when noon time came I introduced myself to Mr. Bradford and I said you know keep the 150 bucks I can't take anymore and he said yeah I understand so I go to tell Mark I said Mark I said you owe me 100 I didn't know Mark I just would just met him he said you owe me 150 bucks he said that's going to be a good 150 bucks for you and I said why he said you see how lucky you really are Larry and I said oh my god and I a couple years later I was going through a divorce but nothing like what I saw there I mean I couldn't believe how human beings could actually hurt themselves you know the way these people actually did so it's it's really a bit scary if you want to know the truth now since you went through all of that I'm going to share with you something here just really quickly now maybe this doesn't work because you know sometimes they don't work but I want to share you this one that we're looking at right now because we always talk about 382 and how we do it so we're going to get up here and we've got one going right now you've got a real strong trending market and there's your 382 right now setting right there see the big ABCD the three drive to a top pattern and there's the 382 you only have to risk about you know 150 bucks there it stops got to go right below here okay but this is where the 382 should work how many times does it work it's been three in a row folks it's been nothing green gravy or green grass and brown gravy on this 382 for the euro all day long I mean it's just been let's just put it up here I'll do the hourly chart so you can see it now remember that we're trade when you see this when we're trading at 104 when I posted the last one okay and it went all the way up to 102 the high up here was 102 completing the big ABCDs up there so now we're seeing a 382 coming down whether it works or not I don't know now the way I would handle this is I wouldn't risk more than 12 pips 100 say 150 bucks it's either going to work or it doesn't so that's that's what I would be doing I'm not doing it because I'm on the air and I can't get the orders in fast enough for you know to move the chair over to the other computer to get it done and I'm satisfied with what what's happened so far today which is good but I'd like to pay attention to that one because it's going to be a interesting one to see if it's going to work or not and I'm going to put the beeper alert on because we've only got another 10 minutes in the show I'm hoping to have Tim bossed as my guest tomorrow and also I'm trying to get Bill oh it's Bill's last name I'll think of it in just a second John John Larry what's happening I got my notes over here and I can't even reach him not to worry about anyway watch this year oh it's at 101 57 trading 101 59 anything below 101 40 would probably be well 101 50 in my opinion would mean that it's not working I just take the $100 out and not let it John Pennell would be the guest on Thursday he's an oil trader down in Houston that would possibly talk to us about what the crude oil is going on and all right those are the main ones that we're looking at taking care of the Hong Kong market the gold oh here's one that's really interesting right here folks in the news all the time we got weather of 100 degrees over there in Europe especially in London and stuff like that and you'll look here here we've got natural gas pay attention to the news folks for one news item that may or may not come out you don't even have to know what it says just in line if the Nordstrom stream to is going to be taken offline that's going to cause a depression in Germany folks because they are in big trouble with natural gas and if they shut that off there's not enough to replace it anywhere you can see the beautiful little Gartley we had here in the natural gas this morning that's a $4000 move folks with basically no heat there's your E.D. right there Gartley pattern on the bottom all the way up if you looked at it real closely you'd see the first 382 retracement and that's been a really big move here going on in the natural gas remember the old high was at 9 I probably would guess if this thing is shut down that might go to 15 or 18 it's not easy to move that much natural gas but they're going to have to move it somewhere because these people are going to be hurting the electric or the heating bills from my friends over in the UK that usually ran 130 pounds a month are now up to 480 pounds a month and rising they think they're going to double again to 800 pounds a month how does someone on a limited income going to pay themselves heat themselves they're going to have to choose either you're either going to eat and die or freeze to death so it's going to get really nasty over there if this weather keeps up the way people are talking because once this hot summer is over you know what that's usually followed by a brutal winter I can remember 10 years ago we were over in London giving a seminar in February and they had a blizzard beyond blizzards it was so bad people came in to the hotel we were staying at which was a very nice hotel Motel 4 I believe anyway they would come in and they had to sleep on the floor because they would have died that's how bad it was very very cold blistering winds blizzards everywhere 5 or 6 inches of snow and 5 or 6 inches of snow in London folks that's like 2 feet in Indiana so it was really really nasty we still have pictures of the people sleeping in the lobby 40 or 50 of them there to take a look at it so we have lovely weather here today we're only going to be about 90 degrees a little bit of rain coming in a little bit later so monsoons keep it pretty good so if you have any questions it's 877-927-6648 so keep your cards and letters coming in and we'll see if this thing works out here you've already made 5 pips in your Euro trade folks that's enough for lunch anyway let's move on here and we'll talk a little bit about the Bondoles we're going to talk about the bonds Mr. Z was up here an hour or so talking to us and I wanted to review where we were with the bond order and then you'll see where we stand right now in the bond market by looking at a hourly chart I think it's easy to see what we're paying attention to here so bear with me here one second and we'll be right back we've still got a little dead time 877-927-6648 and I'll be happy to answer any questions that I possibly can for you so still got a little bit more time in here I'm not ready for the bond chart yet it's going to take me a little more time to get it done but we'll get it up here and make sure that it's working okay hold on a second I want to move this out of the way I did mention that hopefully tomorrow well Tim Boss is supposed to be my guest tomorrow and we'll be able to oh JC Parrots I believe will be Wednesday or Thursday as our guest and then Friday with a Basil show at the Basil shows at 11 o'clock no 10 o'clock and I'm going to do 10 till 12 2 hours on Thursday and Friday I'm talking a lot about commodities and foreign exchange 877-927-6648 Vista Gold owns and operates the largest undeveloped gold project in Australia the Mount Todd Gold project Vista Gold just completed their 30 study resulting in a 7 million ounce gold reserve Vista Gold has all major permits approved and has retained CIBC 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 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 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 Everything in the universe is governed by 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 Pezzavento 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 tigers for just $1 for the year there's no catch 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 I posted the chart here of the treasury bonds up there at the 382 at the 146 level we chatted about that with Mr. Z at the beginning of the show then the market came down and then you notice that for the last five days it's been going sideways and I sent a video out last night said it looks like it's not going to get above the 78% level so selling it at that 141 10 level at the 786 looks pretty good not risking more than about 10 to 15 pips and sure enough it went to 140, 114 and it's broken three handles quite a bit which is $3,000 in treasury bonds that means we're breaking down below that 135 pattern so that's telling you that that's going to be pretty positive for the downside of bonds in other words positive for bonds going lower is what it looks like now anything could happen of course and it usually does but if it pops above that then you want to be able to you know to take advantage of it on the downside because this is a major 382 in a major bear market we've seen it on the weekly I posted earlier when we had Mr. Z on the line at that 146 level and they can change the narrative whatever they want to on some of these things but you can't hide from the prices folks once prices start down that's telling you that there's trouble in river city and they are going to go lower so remind ourselves of that fact because it's extremely extremely valuable so let's remind ourselves of that and okay regarding that the thing that I posted in the euro you know don't risk out if it gets 5 pips lower then let's say the low was 101, 5, 7, 9 and so it's trading a little bit above that right now if it gets to a risk to 100 bucks you know 100 bucks is not going to change your style of living and if it works you'll make a little bit more than 100 bucks so it should hold that level if it doesn't it's no big deal it's just going to go down to the next place to look at it but the whole thing is about risk control folks second thing is live every day in an attitude of gratitude and may God bless and thank goodness you're not in the structure that people like John Bradford have to help you so we'll see you on the flip side tomorrow and may God bless