 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 folks, we have our first question came from a gentleman that listens to our show. He's asking about the stock of VFC Corporation and he wanted to know if this was a valid 135 pattern. My friend, I can say with you there's one, there's three, there's five and it's already on its way up to 120 but this is a perfect one. You can see you've got higher bottoms in here. You mark them as one, three and five. You can call them one, two, three, whatever you want to. But that's what you're looking at. You'll notice that the difference here, which is really important. If you take a look at this, this last correction that we had here, that lasted six days. You see that correction right there? Well, if you look at that, you'll see that it did exactly the same thing on this time right here. You see this exactly the same thing. So it lines up just perfectly. Now the other thing that it does, let's take a quick look at this. You have a low over here. So what you want to do is you want to measure the low to the real low. That's what you're looking for. So what you'd like to see, we're just going to get this up here like this. Take this off and then I'm going to increase the cycle or get rid of the cycles one at a time because I want to show you how some of these things operate. There's what I want. I think that's all I need. Whoops, there's one more. I want to get rid of. Okay, that's adding. I don't want to add. I want to subtract. Okay, that's what we want to do. Okay, now here's what we have. You'll notice that we have a bottom over here. Then we have a bottom here. We have a bottom here and a bottom here. But there's no symmetry between these two. There is symmetry here because if you move this over a little bit, you'll see you're closer to that bottom. Well, Andrew Lowe, when he wrote his book, the technical analysis of commodity markets, you'll notice here that if you take the time frame from this level right here, we're just going to draw a line across so you'll be able to see it. Okay, now that is going to give you a head and shoulders pattern. There's your head. Let's try it again. There's your left shoulder, your head. There's your right shoulder coming in right here. You notice that's at a 50% retracement of this move right here. But you also want to look at it because that was also a perfect 3A2. So you had a 50% retracement off of this low and a 3A2 off of this low. And that's what's giving this thing the kick in the pants. It's going to take us up here another buck and a half or so up to that near that 120, 50, 121 level. So that's what we're looking at. This is a very, I don't know anything about this stock, but it trades nicely. If you just look at it, you can see the ABCD patterns on the way down. We'll just draw a couple in for you so you can see them. There's your first one right here, the small one. Then you got another one coming in down here. There's your ABCD coming in right there. Then the rally's up and then what happens? You have an ABCD right on the bottom down here. And that's all it is. It's ABCD. You don't need to know much more than that, but that's enough to get you started to be a successful stock trader or commodity trader, whatever you decide to do. But that's VC, VFC. So let's pay close attention to that. Okay. Now I wanted to admit I've already talked about the gold market just a little bit, but I want to talk more about it as I come up here, get this up here to see it because this brings back memory lane to me. Okay. Now folks, what you're looking at here is the stock for excuse me, the futures. Folks, I've been up all night trying to get my computer fixed. I finally think I did it, but I'm a little bit tired. This is the end of the day for me anyway. But anyway, you'll notice we had this beautiful ABCD right here. We also had another one that measured up to 2099. Now last night, this was the early morning part of the night and I had a computer problem from my laptop, which wasn't allowing me to log on to my trading platform. Unfortunately, when I finally got it fixed, the trading platform was having some problems. So I missed the first three hours of the evening session. When I came back on and I saw that gold had gone up to 2152 and was trading like at 2095, down 45 points. I couldn't believe it, but the swing that we had today in gold, look at this folks, we went from 2040, almost, we were rallying up 90. Okay. And then now we've come in down 130. Is that right? Yeah, 130. So it's $200 swing in gold today, and it'll be reported as gold has a slight down day today. Low operator, that's not the way the game should be played. This is a big deal that's going on right here in this gold market. So tomorrow we should check the open interest, because I want to check the open interest, just like I did with the E-mini S&P. If you remember from the newsletter and the videos I sent out, that was an indicator that this was a very fair market, the fact that it's going up as much as it did. But the shorts, they were just coming in. Loans and shorts were equal on the way up. Now, the shorts are getting hurt pretty bad, but they were still there, and they put their money on the table. This was not a well before. There's a big shortcoming rally. No, sir. The shorts were in there swinging looking for a big turn that has not happened as of yet. That doesn't mean that it can't, but it just means that it hasn't happened as of yet. So let's take a quick look here at the E-mini S&P, because we just did one of our little low. Dooley Hoosie here. This is your ABCD for today. There was your low right down here, 454. You rallied all the way up here. There's your 382. Now, the 382 is coming in off of the high that we made back here on the 30th. If you remember, excuse me, December 1st. And that's what we're watching here. The 382 came in here at 74. We're trading at 73, 75. So you've made a couple of bucks here, enough to buy a candy. Well, it's 12 bucks. You can buy candy, chicken soup. But I'm surprised at how much they really are now. Going through the market, gee whiz. Soup used to be the thing that the folks bought the most. And boy, the prices have gone up so much in soup. It's really quite amazing. All right, let's move over to that one that we wanted to look at. And we've got some charts to cover here at the break come up. I'm going to go over the 15 stocks in the Dow Jones to show you what they're doing, because not all of them are breaking away to the upside. Some of them are making some type of a top up in here, whether that has any influence on what the rest of the market's going to do. I really don't know. All I do know is that we're going to have some really great volatility here. These next six or seven months are probably the whole year. So that's what we're watching here in the S&P. Again, we'll take a quick look at this on the daily. And as you'll remember, we said this level was going to be very interesting. We took this out. We didn't quite make a new high here. We just missed it in the E-mini, excuse me, in the S&P 500 cash index. We just missed that. We took it out in the Dow Jones by just a little bit. And we missed it by quite a bit in the NASDAQ. So those are the ones we're looking at today. So let's take a little break. Any questions? 877-976648. We'll take a quick look at this. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Visit TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN, educating investors. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30-plus years of experience creating veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more, and he also has weekly coverage of the crude oil market and the 30-year t-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive he just hosted, forex strategies, and fundamentals. What is behind the Tiger Forex report? For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. Okay, folks, we're going to take a look at crude oil here over the last five or six days. As you can see here, the old ABCD told you that there was something up here at around 79 bucks. We had a pretty big break. There was your 382 retracement that occurred right here. And if you believe in 382 retracements, it's very helpful because if you mark it right there, you'll see that it came back here and touched it again here on December the 1st. Okay, then it came down and hit another one. This is one that we saw for today. That was the one we had here. But look how all this fits together, folks. If you're a day trader or a swing trader, whatever you want to call it. As long as you're a trader, the timeframe that you're trading is up to you. You're going to be a swing trader, a day trader, whatever you want to... I'm a pattern recognition swing trader. The timeframe means diddly squat to me. Just give me the chart and let me look at it and I'm going to try to figure out this is what we're doing today in crude oil. Okay, so we had several of them in here that looked pretty nicely. First we had the top up here. We had the A, B, C, D. So we wanted to see where that measured to. So if you look, there's your A, B leg. There's your C, D leg coming in here. And it was very close to making it exactly 72.32 was the number. And the low that it made today was 72.54. So that missed about 20 points. But this is a good number. Let me show you why. Take this and just blow it up a little bit more because you've got this swing here that is also part of that. There's your A, B, C, D on that. There's your A, B leg right here. There's your C, D leg right here. And that also tells you're going to go down to that 92.38 level. So both of those missed. We had a nice little A, B, C, D right here. Very, very nice. And if that's correct, we'll double check to see if that was the 3, 8, 2 of this high right there, you move it over. And there it is within 2 pips. Perfect A, B, C, D. Went up and got it at the 50% and now we're at this level. What we have to do now is because we've come down with 3 major A, B, C, D patterns as you've got to go over to your 4-hour and see if there's something really big there. Well, something really big there happened on Friday when we went down as low as 72.60. Today we're actually holding up. Oh, this is Sunday night too. So that's one thing we have to pay attention to. So we want to be possibly looking at because we have this move here in the doubt, in the E, in the crude oil. There's your A leg, B leg, C leg. You still got to go a towel. Oh my goodness, look how close it came. There's that 72.30 again. And we've already rallied a full dollar a barrel from that level. So we could be making a bottom in here in the crude oil. So let's keep a close eye on that. That's going to be a real interesting one. The other one, I've already talked about the move in the gold market. That was a spectacular focus. I have to take you down memory lane, folks, because this was an important one in my life. It was January the 8th of, no, January 20th of 1980 and gold was trading at $1,000 an ounce in the back contracts in December of 1980 contracts were 1,000. Spot gold was trading, the high was 865. It was limit up that day and I called the, as I was doing my usual ABCD stuff and I saw this big ABCD up here at 860 in the gold and I called Goldburn Brothers. That's who cleared our trades at Drexel. They also cleared the trades for the Hunt Brothers, trading out of the Drexel office in Dallas. I talked to Richie. He was a young one and I said, how's it looking? He said, well, he said, there's a few trader in the pit. He said, but there's nothing in the back end because it's all limit up. I said, no, nearby is trading up $65 and limit was 50. There was no limit on the nearby contract. I said, how many traders are in the pit? He said, there's not too many. He said, there's a little bit going on, but not too much. I said, Richie, I said, I want you to sell me two December gold. It was limit up $50. I said, no, I said, sell me one. And he said, Larry, don't throw your money away. He said, this market is going to go a lot higher. I said, Richie, how long have you been on the floor? He said, yeah, I think it's been six months already. And I said, well, okay, Richie, sell me two. He said, okay, smart A, S, I'm not going to repeat it. He said, okay, I'm going to do it for you. And I said, Richie, I'm not finished with the order. I said, what's the order? I said, cover it, limit down. He said, if I put that order in, they'll think I'm crazy. I said, Richie, if you put that order in, I don't get filled. I said, it'll be something worse than crazy. You'll get sued. I was not going to sue him, of course, but I said, just put the order in for me. Folks, I swear to you on the eyes of my children and my love for my saint and mother, within one hour I got filled on the downside of that. It was a $20,000 contract. I went out and bought one of those sports cars. Anyway, but that's neither here nor there. That's when I saw that move today in gold. I said, oh my God, and by the time I got up and everything and running, it was already down $60 from the high, which was still at $2080, and I started looking for $382 retracement. I'll just show it to you right here, even though it never came. Let's get it up here where we are here. Here's the gold right here. There's where we are right here. I was looking for this possible $382 right here, but we weren't even close. You see there was no $382 here. This was an 8-hour wait-minute charge, so I had a shot at it, but I didn't get to where I thought it was going to be. I thought it was going to get at least to the 61% retracement. By then started moving down here, and there was no $382 here, and it just kept dropping and dropping and dropping, and I'll tell you, when you see moves like this and you're not on board, you just want to say, oh my God, what are you going to do, but nothing else you can do about it. You can't win them all, but you try to win some of them. That's the main thing that we're looking at as we watch some of these things unfolding here today. Now, we've got another one that we talked about in the video that we sent out. Folks, the videos are a disaster. I realize that there's all kinds of problems going on, and all I'm thinking about is get the daily chart here of the February cattle, because we want to go over that when we come back from the break, but something is wrong. My videos, they don't go out. They're all ready to go out, but when I try to send them out through my usual place at Google, they're kicking back, so you're only getting half of them, and then I have to redo them and send them out again. I'm doing the best I can to get it fixed, but right now, you don't want to mess with that. Stay tuned, folks. If you like red meat, we've got February cattle getting ready to go to slaughter here, so stay with us here. We've got them down here at 167, which is a pretty good price, because we're looking at this level right down here that looks really interesting down about another penny, so you want to pay very close of very close eye on the cattle itself. All right, I think that's the break. Maybe they'll bear me out. Oh, I still got another minute to go. Wouldn't you know that? The trading gods. Anyway, here's what we're looking at, the cattle. You can see we've got a couple of ABCD patterns down in here, and we've been coming down since the 18th of September, so this is a huge correction here. We've gone from 185, dropped 30 handles down to 167, and so that's what we're paying attention to. Be a buyer at 167, you stop at 165, you're going to be a cattleman, and you'll be proud of it, and you don't have to worry about feeding them or anything like that. You just hold that contract until you get up to about 85, and then you can sell them at the feed yards if you like. Let's take a little break, and I want to finish up this cattle in just a couple of minutes. Let's take a look at what we've got here. TfNN has just launched their new trading room, The Tiger's Den. Hosted at Discord, TfNN has been educating traders for more than 20 years. 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Welcome back TFNN and we have Darryl from Denver on the line Darryl. What's up, buddy? Larry it's an honor to speak with you, sir. What's an honor to speak with you? trade what you see Book. Thank you very much. Would you like to buy any of the other 11? That was a little joke, Darryl. I Thought maybe you had you know Christmas stuffers or something, you know, you always got to be looking for for a deal What can we help you with my friend? Yes, sir elementary question from an intermediate trader with regards to volume characteristics and dynamics So a lot of emphasis is put on a high volume high and I'm always I've always wondered is short positions that are placed included in that volume. Oh Yes, yeah, that this is why you have an auction market is because the shorts and longs have to come together In other words, you just can't have buyers You have to have someone wanting to sell it. That's why the Chicago mercantile, you know, makes both sides of the trade It's because for every buyer there has to be a seller and I know with stocks I you know you can put stocks away or I don't know exactly how that some of that stuff works They think some of it can't be shorted and other stuff like that that I don't know all I know is when you're trading with the Futures market, that's what you have to do. Yes Okay, I was just wondering I know that the buys and sells Create volume count Yeah, when the short is placed is it also included that volume count? Yes, it's included. It's included as one in other words for there are buyer and the seller. That's one contract Okay, okay. Now if one guy does ten and the other guy does eight somebody else picks up the other two But for every buyer for every contractor has to be a seller That's why I hope an interest can yeah I hope that high volume high may not necessarily be a good thing if there's a short positions placed Oh, yes, and not only that but do you stop and think of the e-mini s&p these past few days here? In fact, I focused on this in the newsletter the open interest in the e-mini the Nasdaq the Dow Jones and the Russell They didn't have any increases. Sure. They went up open interest was up just a little bit Marginally volume was pretty good, but open interest which means there were a lot of people coming in shorting that market and stop And think how it went straight up. How could somebody you know sell that thing going straight up even? I got out of the way a few times, but you know to me that was an amazing statistic But also made me believe that maybe we were going to sell off a little bit today, but you know today Just lucky day. I guess I don't know but we'll find out Yes, not a lot of volatility for sure. Well, I'm sure glad that you're still with us a couple days ago You mentioned that Your last day don't leave us. No, I know that they're all When I was at Drexel I was there six years. I wrote for for what do you call it? Resignations and my my boss he had like 22 brokers in the office. They were all pretty successful high maintenance much like myself And he kept him he kept an absolute Tablet of and he kept them in little cellophane folders of all the resignations of all the different brokers There was only one or two that never resigned Nobody ever resigned in this business. We just like it too much But oh, I had everything go wrong with that with that day technically it was terrible And that was that was a good day compared to what happened last night last night was even worse Had to be up all night trying to get this thing fixed and it's still not fixed I'm still trying to work through it. But listen, thank you for calling in and I hope you don't get too much snow this year You have much on the ground now No, not at all. It's always in the mountains. We're we're along the front range here. I'm south of Denver, but uh, okay Yes, we truly uh, enjoy your expertise your commentary and your stories Thank you very much, larry. That means a lot to me, darrell And I'll send you the 20 bucks right after the first of the year Because I have to wait the races that started Santa Anita the day after day after Christmas Thanks, pal. I really really do appreciate it, darrell. Have a great holiday, sir. Thank you. Thank you. Thank you very much Okay, we're looking at the the cattle here folks. This is what it's been doing. You'll notice we have the lower tops That's the one three five pattern now. We're forming a three drive to a bottom pattern. There's drive one There's drive two. There's drive three down there. It is. So 166 we're trading at one. Whoopsie daisy. We're trading at 167 So, uh, you have a stop at 165, but that's what you'd be looking at So let's keep a close eye on this one because I think we're getting ready to have some type of a nice Nice move going on here in the February live cattle that was one of the things we focused on in the Uh video that we tried to send out last night and that was a sunday morning I thought went out it didn't sunday evening didn't go out and this mornings didn't go out I finally got one or two or three of the Ones out, but until I get that snag it fixed the videos might be A little sketchy here for the next day or two. I have to check that at the end of the day All right, let's move on to another one that we want to be watching here Very closely. Let's just quick quickly check this E-mini s and p that we were looking at we'll get this up here to see that we did go up to the 70 382 level there at 74 We got as low as a 67 Now the way I would handle this being a day trade and a day trade or a swing trade There's really no difference between the two folks. There really isn't so my original stop on this would have been 581 so I'd be risking seven cents now. I've got a three cent profit in it I'm going to leave my stop To come in right around 578 That way if I lose on it, I only lose four points instead of eight So right now I still have a profit I don't want to put it at break even because it's still too close But that still gives me a little bit of leeway and remember we've still got Another two full hours before we get to the bottom down in here now if i'm day trading this I'm going to be out of it by the end of the day. That is what I will be doing Okay, one other thing that someone just asks is if we could look at the The 382 on the nasdaq because that has been a lagging a little bit I think we can get that here without too much trouble. It's Right here and we'll just look at that the same way. We just put this up Take a quick look at it There's our nasdaq for today. Let's just bring this up together so we can see where the high was the other day There it was back there on Monday, I believe yep, there was mondes. Let's see how close it came to the old 382. There's your high There's little folks. I didn't do this ahead of time. There's the 382 went a little above it Now we're trading below it since we're doing that. Let's do it with the dow Jones Which has been the big daddy rabbit through all this stuff Yeah, oh, let's do the rustle first because it's right here Put the rustle up because it's been really strong and it has been strong Ah, there's the old abc. There's rustle. Okay Are you kidding me? It's boy. This has been a really moving. Hold on. This is this is really important This took out the 618. Yeah, it did There's the 618. I thought it would hold there at 74. It's trading at 79 right now But that's what we're looking. Look at the strength in the rustle folks. My goodness Look at this that that the s&p's only made a little 382 here This thing is, you know off to the races for heaven's sakes. In fact, it just made another new high With if you like abc d's There it is. There's a there's b there's c and there's so it did quite make it Mr. By quite a bit actually take a break eight seven seven nine two seven six six four eight 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? 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Introducing tom obryan's award-winning newsletter market insights your key to successful active trading tom obryan renowned for his expertise in the financial markets Has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted Stay ahead of the game with tom's real-time analysis and trade recommendations delivered straight to your inbox Whether you're a seasoned trader or just starting out market insights provides the edge you need to navigate the markets with confidence Ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results Market insights comes with a 30 day money back guarantee for all new subscribers So you have nothing to risk don't miss out on this opportunity to revolutionize your trading game Head over to tfnn.com right now to join the thousands of traders Who have already experienced the power of tom obryan's award-winning newsletter market insights first hand tfnn educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run its course trade labu or labd Directions daily smp biotech three times bull and bear etfs Visit direction investments.com slash biotech 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 the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC This program is brought to you by vista gold traded on the nysc american and tsx under the symbol vgz Okay, folks. This is the dow Jones from where we were friday and then of course here was the big move here friday this is where Right after the open excuse me right when mr Waller and chairman pal were talking that's what sent this thing up into the stratosphere See, this was an a b cd But boy folks when you got a fed out there talking, you know real easy stuff look at what happens This thing just exploded to the upside and then sunday night We said that we didn't think we'd take that out which so far has been correct and all we did today Is from the low up to the high Where'd we go to? Right to the 61 retracement and we rallied 200 points just absolutely straight up. We've still kept 150 of that But if you'll notice from the high down to the low That came in just about at the 50 uh the 786 level now we've come back in here So the 64 dollar question is are we going to finish This a b cd to take us up into new high ground Or double yeah, it's going to be a new high ground one more time That's why we were looking at the s and p As a 3a2 trade because of the fact that it was so easy to see Folks if you're day trading and it doesn't make any difference whether you're day trading or swing try I like 13 minute because it gives you a lot of different ones Okay to look at but here's where we were friday. This was an a b cd pattern We were talking about it just as it was going on up there at 4602 There it is right up there and then sunday night If you made the opening now it'd been great otherwise it came down Just missed a 3a2 right here by just two points And then of course it sold off quite a bit but you know you win a few lose a few That's pretty much what we're paying attention to but right now This has a 3a2 in fact this this is only this is not even the down well it's the down day But who knows this could lead possibly you know if the market weakens today We might get a two or three day correction And if that's the case you'd be looking at something like this you'd be looking at an a b cd leg taking you down here to 45 19 that's a hundred handles Down from your high up here. So this is a this is a big deal Possibly now. Let's take a quick look at the little bandolis over here. We had a request for that Get this over here and here's where we are with the bonds and we'll get the 13 minute up so we can see it. There's where we Well, we should do that we should do that daily because that's the one that really meant so much It's a four-hour Larry try it again There it is There's your three draw everything was great It came right down stopped right here. And then this is 11 o'clock on friday Waller and powell Way it went and now we're trading back below that again. I suggested that might happen today But it's got to stay down here if we start closing above 18 1804 something like that then that tells us that this market has still got more to go to the upside And believe me remember this came all the way down to 107 that we're at 117 right now and we have Just looking at this on the weekly chart, which we focused on in the newsletter this week By the way, I hope you guys get ready because next week. John Jameson will be writing his unchartered force. I believe Which will be a very lot of fun. Let me get this out of the way Okay, there's what we want. See we could easily get up to this 120 to 124 level the 124 level would match the biggest rally we've had Since 2022 2022 was the biggest rally that was here lasted six or seven months didn't go anywhere But the height of that would take you right in there 123 I think that's where it's going and you will probably be headed back Down again whether it goes straight up or straight down from here Don't have any control over that but we want to be watching it Very very closely. Okay All right now we had a question to take a look at a couple of stocks One of which was Broadcom. Let's get this up here so we can see it And uh, it's had a little bit of a correction. There's your we had a really nice, uh Butterfly pattern up in here and so uh went a little bit higher, but now we've had a correction So let's just double check to see how much the correction has been here over the past two weeks There's your high We've come down. We've hit the 50 percent level of this swing right here The next thing you should do is measure the cycle low back here and see if that comes in At the 3a2 now that comes in right there. So it's real close to both of them That tells us that this is probably getting ready for a rally and it's up today So let's uh Keep our eye on Broadcom now. Also, we had a request to take a look at Blackrock the old leader of the pack These boys they have all the cards all the tools and they know how to use them and this is Blackrock you can see here It's been up quite a bit and we'll draw it up here It's not even close to the high for the year or for oh going back to Wow going back to 2022 folks look where we are with Blackrock boy. They must be uh They must be hiding some of their profits somewhere because they're certainly not making any noise Yeah, we see the 61 percent retracement on this doesn't come in till 782 which is up another 30 bucks So looks like it's going to make it but uh Be surprised. Let's look at this on a little bit longer time frame the weekly might give us a little bit better I see when I'm trading I don't look at these weekly charts. Well, there's the one we had here the other day Well, it was way back in november. There was your Lunar eclipse now we've had this run this could easily do this folks without any trouble at all Could easily go up there and do this there's No, no question about it Get to 891 it could go up another 140 dollars. Hey, it won't go straight up I don't think but it could well it came straight down here Something must have really been wrong here But this is what we're watching at right now is to see whether it's going to have much more to move to the downside Let me check the messages here to see if I've got anything from tfnn Nothing on the hold right now al said the lines are full don't even bother to call in because they are packed He said they're flashing so highly in these red color Is that he has a hard time working in the room without sunglasses? So i'm going to send him a nice pair of ray bands and see what that happens Okay, I've got one other stock here that people have asked me about and of course that's tesla Everybody wants to know about tesla. Let me get rid of black rock here And tesla everybody's feeling sorry for mr Eli Hold on just a minute Eli monk hold on just a second here hold on a second. Where is tesla? There it is right here He's a very smart boy folks and uh, I wouldn't fade him no more would I fade? Mr. Bing or a bezos or any of those guys Uh Mark zuckerberg not any one of them would I try to fill but I don't deal stocks folks I deal with the commodity part of this and this is still in the downtrend in tesla You remember this is where a Morgan Stanley came out and gave it a 440 price tag And from there it went down to 190 It's going to have to get something to get to 444. I'm not saying that it can't But it's going to be a little bit of a struggle Because we're starting to see signs here in Tucson, Arizona that they're Do not like these electric cars too much. They're really discounting them at the dealerships here And they're getting a lot of bad press. So whether that means much or not, you know, I'm not too sure of that. So Anyway, uh next tomorrow's guest will hopefully be me I don't want to say anything because he's still not gotten back in touch with me will be Peter elides of elides stock market cycles And then we're also trying to have Shane's mullion on this week because He was looking for this big explosive move to the upside. We'll see what he has to say Let's take a little break here eight seven seven nine two seven six six four eight If you're looking for potential trading setups in the stock market Then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals Sign up for rocket equities and options report today with a 30-day money back guarantee So you have nothing to risk for all the details and to start your subscription today Visit the front page of tfnn.com tfnn educating investors 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? 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That's tfnn.com then hit watch tiger tv Okay, folks, we're going to take a look at the four hour euro as you can see we're got up to the 61 percent retracement And uh sold off a little bit now you want to be watching this because we if this is really bullish to the euro and it could be We're setting almost exactly at the 382 as we speak right now And uh 10794 figure 108 So watch this 108 level can we start closing below that that tells us we're going to have more of a correction Easiest way to look at that is through the eyes of the us dollar boys and girls. Let's get this one up here to Show it real easy and you're going to be see how simple it can be And we'll get the daily chart up here here it comes Okay, there's the well you can see the us dollar taking off today Look at this symmetry here folks. There's your 61 percent retracement misses it by about 20 pips Oh 17 pips 22 was the low and 237 was the Was the actual oh so it's 17 pips, but look at the correction here. You see this correction That is almost identical to that correction. I believe they're really close Strawn in you can see there. They're very very close Showing you that the fact that this is a very harmonic market And it trades along with the us dollar. Well, this is yours. I meant the euro But look at the us dollar here You want to see a beautiful abcd pattern down near the bottom? This is looking just like that cattle trade that we put on we're going to see if it makes anything but That's what we're watching here today with some of these now Have a wonderful evening folks and be sure to do something nice for your neighbors and live every day In an attitude of gratitude and may god bless and we want to see you folks tomorrow for another exciting show here At trade what you see so thank you very much for joining us and it's uh been a very very nice day