 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. All now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pezzavento. Okay folks, Larry Pezzavento for TFNN. I wanted to show you the chart of the E-mini S&P. We've completed the double ABCD pattern down here at the 433 level. Excuse me, 438 level. We've now made an ABCD to the upside as you can see. The key was once we went about 4361 we immediately went up to the 61% retracement and we're trading at 4371. Folks, this is a real important day here where we stand right now from my perspective. I'll just show you what I'm looking at. You notice the last correction. This is an 8-minute bar. It took an hour to make the 61% retracement right here. There's where we took off. You can see how quickly we moved 24 handles up here. I mean, it was just very, very fast. But what's interesting now, you'll see on the pullback here in the last half an hour, all that pullback was able to do, if you go down to your low, up to your high, all we were able to do was make a spot on 382 retracement right there at 4362. That's a very important point because now if we get above here, we've got a chance for this thing to have game to the upside. We've had a sort of a mini-type bias today, but this market is still very, very long-term. There's no other way to put it. The reason why is because of what we have going on over here in the Treasury bonds. As you can see here, this is Treasury bonds that just keep going lower and lower, and they will continue going lower, folks. They don't have any friends as well as they shouldn't because they're looking at a potential here of a price objective roughly between 106, 19, and 107, down about eight handles from where we are right now. Eight handles is quite a bit in the Treasury bond market, folks. So we've got to pay very close attention. If we blow this up, you'll be able to see that we went from the low up to the high, and the 1.618 expansion is going to take you right down here. What we're looking for is not very far away. There it is at 106 and change, 107, 16, somewhere in this ballpark. It's where it most probably will come out to a bottom. Now, this is a weekly chart. So if you blew this up just a little bit, and that's what we're going to do here just to see if we can come up with some other targets, you can see we had a 382 right here on the weekly. Okay, that one we were aware of. Then you go from your high down to your low, and you put the other one in, and that's going to take you to at least 111. And, of course, there's one even farther back than that. So you can see that we're heading down towards the 106, 107 level, trading at 115 right now. Okay, now let's move over to the Crudo because we were having some fun on Byron's show here. I want to get this up here to show you where we are. Okay, hold on here. Here's where we were when we were doing Byron Basil's show. I'm sorry, thinking of Byron Tucker. Here's where we were. What we did was we sold this 382 retracement. It made the ABCD pattern right here. One of our various student folks here at TFNN say, hey, why didn't you buy it there? Because it had a double ABCD. And you know, this is why I do this stuff, folks, because people are really sharp, and they see this. You see, this was the ABC that we were looking at right here. There was your 382 right in here. We sold it at 89.98. Covered it at, I think we covered it around 62. 88, 89.62, we picked up about $680. Went down and made our price objective right here. There was the ABCD. But what he pointed out was very important, because now you had, at that point, you had a double ABCD. You had the ABCD, there's AB, and there's CD. And that came in at 89.34. So you had two of them there. And look at the nice rally that it had. That rallied from that level here. It rallied $1,000. That's a pretty good move. Now the pullback, you see, it's just chopping around, doing very little. But anyway, that's what he was watching. The fact that you had a double ABCD pattern there was a very important spot. And I have to agree with that 100%, because first of all, you got to agree, this son of a gun's been in an uptrend since Hector was a pup, and that dog's 19 years old. So this thing has been really strong, and now we have another ABCD. We missed the big one. See, the big ABCD would have been this one. This is the one you got to pay really close attention to, because if we make new lows here, down at this level here, 88.60 or so, 88.78 to 88.60, that'll also be another ABCD. Let's just get it ready. And maybe that'll happen while we're on the air here. Have some fun. Who knows? There's your AB leg, CD leg. Bada bing, bada boom. And this says it could go all the way down to 88.40. The ABCD on this one is 88.78. This one's 88.40. Your 1.618 expansion of this swing right here is at 88.60. So that's probably, it's trading at 89.89 right now. So keep an eye on that. Might be an interesting one to take a quick look at, okay? That's what we're watching here. So let's get back here. Oh, let's say we've got a call. Oh, wait a minute. Somebody rang the bell here. Let's see what this is right now. We've got Mark from Virginia on the line. Hello, Mr. Larry Pesavento. I wanted to ask about the garlic pattern that is currently printed on the daily time frame. What's your view on a garlic pattern that is being formed in an app trend? Is it more relevant as a continuation of the prevailing trend that has been upward? What's your take on it? There was only one, there's only question that I need to ask you, Mark. What are you talking about? Do you have any mini S&P crude oil? What are you talking about? Yeah, the S&P 500. S&P 500 on a daily time frame. All right, on the daily time frame. Let's get it up here. First of all, what I need to do is I need to go and put this up on the December contract because that's the one that gives you the most accurate data. If you use the ES, what happens is that it has missing data. But with the 30 minute, you're going to be able to see it without too much trouble. You're going to be able to see it 4116, 4120. That's what our goal is right here. Is it 4116? That's where I think we're going to be going. That doesn't mean we can't have a nice rally in here. But I still believe this is an outstanding pattern because it's a perfect A, B, C, D coming in there at 4318, 4316. We're trading at 4374 right now. But that's what I think we're shooting for is that particular A, B, C, D pattern. I see it in the Dow Jones. I see it in the Nasdaq. And I see it in the Russell. We're all going to go a little bit lower. But right now, we're having a pretty good rally back. And that was the fact that the Dow Jones held major support down there today as did the S&P. So the S&P, you remember, we started the show. Let's just get it up here to remind everybody. When we were starting the show here, we were looking at several of these patterns. I'll just draw them in. That one has already completed. I remember you have shown a very spotter on the S&P also. And that one played out beautifully. Yes, it did. And right now what we're doing is we're still bouncing around right now. It's beginning to look pretty bullish because as I see the pattern here right now, let's get rid of this other one. It's out of the way. See, we just made a 382. And look how quickly we've come 12 points back in just a matter of 10 minutes. You see, we made that number 226 and here we are 12 points higher right away. That tells us this market wants to go higher. I hope that helps. You're welcome, my friend. Vote early and vote off. We'll be right back. 877-927-6648 Billy Ray Valentine. Capricorn. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Summer of the Year award in 2018 and barely missed that mark again in 2019, finishing it number 2 for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for our newsletter, Mastering Probability and you'll receive access to 7 of Steve's educational webinars absolutely free. At TFNN all our newsletters come with a 30-day money back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN, educating investors. 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. Head over to 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. Adding stock options to your portfolio can be a major game-changer, but the full complexities of these instruments can oftentimes allude to even the most experienced traders. Whether you're a seasoned trader looking to sharpen your knowledge on options or you're completely new to the market, Teddy Kextat is here to help. On Wednesday, September 27th, from 4 p.m. to 5 p.m. eastern time, Teddy is hosting a live stream that will teach you how to capitalize on time with calendar stock options spread. Teddy will also go over how to trade stocks and other market movements without large capital allocation, how to expand portfolio diversification, how to maximize potential returns, basic entry and exit techniques, and more. If that wasn't enough of a reason to attend, Teddy will also be answering all questions live. If you're serious about making money in this market, head over to the front page of TFNN.com today to sign up for Teddy's live stream. TFNN.com, call now, toll free at 1-877-927-6648 internationally at 727-873-7618 OK, folks. Let's take a quick look here at Apple. We talked about Apple in Tesla and NVIDIA on the early show that I was doing for Basel today, but I wanted to point out to the fact you can see Apple's had a pretty good correction. We had a 30% improvement in the market. We had a 30% improvement in the market and Apple had a pretty good correction. We had a 382 correction of this high. This was from a few days ago, but look, we've held this bottom down, folks, at 174 now for and it's trading $2 above that right now. So it's held it for five days in a row. That's a pretty positive thing. We tried to point that out this morning and also what we were trying to do was to bring the chart of Tesla up and I wanted to get it up to let you take a look at it. It was doing the same thing. I just picked these stocks out of the bottom, folks. I don't trade them, but people ask me questions about them and frankly, I don't know too much about them, but let's just take a look here at Tesla. Well, I think the best way on Tesla would be the daily first because that is the easiest one to see the retracement levels because this was early this morning. Look how much this has moved off the 382 here, folks. So look, let's play the devil's advocate here. Right here, at $253 is where Morgan Stanley came out with their $440 price objective. The market opened at $260 and went to $280, which was, as you can see right here, the exact 78% retracement of the high. Now we're trading $35 below that, but the low today, right there at $237 was a perfect 61% retracement of that low right back here. Now, if you think about these algorithmic dudes that are working for State Street and Bland Guard and BlackRock don't know these numbers, you're very naive, folks. These guys are trained usually with MIT with Andrew Low or D.E. Shaw, people like that, the Renaissance with Jim Simmons, they know these numbers. These guys are, you know, they know the square roots of 5 and all the reciprocals and stuff, not just, you know, Fibonacci. So, when they put these numbers together and you see these numbers pop up, that's why I think they're relatively important. I might be wrong, but that's what we're watching. That's why we thought there might be a pretty good bounce today and so far that is, in fact, what happened. That could end in a moment. And I do believe we are going to go substantially lower, but we're very oversold, folks. We're down eight days in a row. Well, actually we're down since we're down since Rosh Hashanah, which was on the 15th of September. Here we are on the 25th, 10 days now, which is Yom Kippur. Selah and Rosh Hashanah buying Yom Kippur is the Hebrew version of stock market cycles. Anyway, but that's, and it comes right out of the Bible, by the way. So that's all that's in this. We're having a little bit of a bounce and it's far more than the usual DCB, the dead COVID bounce, as they say with the animals of hospital parlance. Okay, now we also looked at one other one here. You can see the S&P has, there's where the 382 came in right here off of the low. This is real important because we backed off and once we get above this, because this was a perfect ABCD garlic right there. There it is. There's your ABCD garlic. I'll draw it in. You'll be able to see it. It went down 12 points, but by golly, if you looked at it, you'd only be up two points on the darn thing. Shucks. Just one second here and we'll go from the high down to the low. Catch that one. There we go. There's your 61% retracement. Look at this again. You had 12 points in it right away. If you look at your P&S statement, you're only up a buck. A hundred points, a hundred dollars. Look how quickly it came back. That's telling you get above here, you don't want to be short. You see, because it got there too fast. So it's still, still tiny bit bearish, but boy, tiny bit is the key word there. So that's it. Remember now we made a pretty good, now we made a pretty good bottom here. You're talking about 65 handles from the high up here at 244 down to the low here. Look at this. The number was 4341. The low was 4338 and from 4338 it rallied up to 4378. Okay, rallied 40 handles straight up. Well, a little bit of a pullback in here, but those are the kinds of things that we're watching here as we overlook some of these things that we're paying attention to. Okay. Now I want to get rid of this one because that'll just confuse everything. So I want to move this around. Now just to say, when you see all these lines that you have on here folks, that's from when I've been doing previous stuff, you know, talking to other people about, you know, what these things are looking for. I'm just looking at these other numbers in here. That's where they come from. When you have them really close together like this, you can see them okay, but when you put them together like this, when they're in a real small chart, they don't mean anything. That's when I'm doing these charts. We go on just do tile vertical and I want to talk about something like Apple. I can just pull Apple up. I'm done with that one. I'm done with Tesla. Now let's take a look at where the money is flowing folks and boy, it is not flowing into the Euro and it's not flowing into the US, into the British pound by any stretch of the imagination here. You can see the high here on Sunday night, believe it or not, from your high here down to your low, your 382 came in here, 10640 and it dropped $800 just straight down. Now we have two things to validate this, don't we? Let's just go and do it the right way. We'll take it. I'll do one other trade here in just a minute. From the high that we made here down to the low, the 382 on this will come in here at this level right there. That'll be coming in at 10610, 10605 somewhere in that ball. That'll be a sale because it's a 382 coming off of that number right here. But it'll also be if you measure from your high down to your low, it's going to be right at a basically pretty close to a 61% retracement. So there's a sell zone right there for the euro. That's basically what you're trying to do is to find that zone where you've got two numbers coming together and you don't have to risk more than a few hundred dollars, $300 at the most. So that's what we're paying attention to here right now. But don't always act that way. Let's take a look at something else here. I want to get rid of some of these numbers just to verify a number that is out there that I think is pretty important. If we go from the low right here to the high, you'll see that the 1.618 expansion of this range stopped right on the money. Now how do you get something that trades a trillion dollars a day to stop exactly at that number and stay there for half an hour? A low operator. How do they figure this stuff out? It's beyond me and I don't know. So we'll have to do one thing at a time as we walk through here. Alright, we got one other one folks that I forgot to talk about over the weekend but it was something we've been having on our list for quite a while. This is December, soybean oil going back one, two, three, four, five and a half months and look where we're setting here today folks. We're setting right at the 382 retracement at 5740. The low so far has been 5747 and it's trading at 5758. Well I don't think you have to risk very much there but by golly that looks like a real interesting one to take a look at. We've got several numbers here. What we should do is to blow it up just a little bit to see what the one, you can see it's almost exactly at the 5740 but we need to check the, this will be a 1.27, I'm pretty sure. I know it's a little almost a little bit on there. Yeah, your 1.618 measures the 5694. That's a little too much to risk. So if I were to buy it here, it's trading at 5762. I'd put a stop and a 32, that's a risk of $180 is all I'd be risking and that's what I'd be doing if I were doing it. Let's take a look. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds, The South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe you'll get a weekly report from Veteran Day Trader Larry 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. 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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 at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN Educating Investors Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Okay, we're back folks and put a chart of the Dow Jonesy many December contract up going back to June. As you can see here was missing some data here but the lows are correct. Basically it's showing the December contract. The cash price will be very similar to this but as you can see here we've got a 1.618 expansion is what held the market I believe but the number we're looking for is another 400 points lower down at 33,700. That's the larger A, B, C, D that we have going on right here. So that's I just want to bring that to your attention. I do trade the Dow Jones secondary to the S&P. I don't trade the Russell hardly ever but I do do the S&P and then also the Dow Jones and once in a great, great while I'll do the NASDAQ but not very often. It just jumps around move $600 which you can blink your eye. The S&P does pretty good doing that but the other one is even far greater than that. I just noticed here that the S&P did stop at that level that we were looking at up there at 43.73. We did not get above the high. Now let's take a look at it since we're on the A here. We've got a move here. We've come up now. We've got another correction coming here. It looks like we've got an A, B, C, D. We stopped here at the 382 1, 2, basically 3 ties but if we go through here let's just mark this right now so we can see how these things operate. What we want to see is if the market can do something like this in the S&P. In other words we make a nice little A pattern up here, a little B pattern there an A, B, C, D coming down here at the old 43.57 so that's where if you're interested that would be a good spot especially if you sold it up here your profit objective would be reached here. You'd be up about 18 points risking 6 so that would be a pretty good trade set up for that. That's one of the ones you might want to pay attention to and as we say here all these trades are hypothetical. Never put a real trade on because it might make money it might scare you. Anyway that's what we're watching here at 43.58 let's just move the Limit Minder down here just to see if we get there by some wild stretch of the imagination and then we'll move on to the next one. Let's go back to the other one that we were talking about here which is the one that has my interest but I'm afraid it's not going to work of course having fear is not a problem here because we use a stop let's move here. I think this is the almost there yeah this is it hold on we're almost there shut the front door and raise the rent. We're almost there folks we're at 43 the low has been 43 47 and that's where we're trading right now then the 382 is it 47 40 so 57 sorry 57 40 let's do it on the daily so you can see this thing because stop got it let's try the daily maybe that'll do it yep it does. There's what we're looking at right there the number we're watching is 47 40 and that's what we're watching and we're pretty much there it's at 47 49 right now so I would be buying it right here and I would just go ahead and risk 49 I put a stop at 20 put a stop at 57 20 so you're risking 30 points 30 points times $6 is $180 is all you have to risk on this that's all you have to risk and believe me you might be in it less than a speeding bullet as Mr Clark Kent would say when he did his series for Superman. Alright now let's move on I want to double check something here looking at this picture right here all I want to do now is go down to an hourly chart to see if this last high that we made right here was a 382 because if it was I had to kick myself in my rear end because that was something I was watching Friday and it might have got away from me because there was your high right there's your low oh no ouch I just got kicked in the kabooshie anyway that's a 382 we got to hold this level down in here between this and the crude oil trade folks this one is no difference really you're just trading a 382 your risk is small that that's really you don't have to risk very much that's all I can say if you made money in that crude oil trade you can certainly risk 160 bucks 130 dot wait six times $180 on the crude oil putting your stop at 57 21 and then move on to play the game another way and let's move back here and we want to talk about the British pound folks because this really affect I just been invited to go to the UK and do some trading for some hedge fund folks and so I'm going to be doing that sometime in October have a little bit of fun anyway look at this this is the weekly remember we thought it was going to hold here right there that was at 202 3050 123 50 were 130 points below that right now we look at the daily you'll see it really easily there's where we were looking at it right here to hold that level and by the bang by the boom you can see that didn't hold very long we knew that back in here so you're you got stopped out away and then it just continues to go lower that's one of those that you think you're going to know something but it's not actually working the way you want it to so the only thing the only other thing you have in here that would give it any any help at all let's just clean this out so we can see it all together here on the British pound if we go and look from below that we made way back in March to where we are now you'll see we're halfway between the 618 and the 786 that's it right at 707 we don't have anything else in here the only thing that we have is a well a couple of small this is the this is a daily so this is an one two three four five this is five day rally here this is an eight day rally here let's just double check to see if one of those might have been a 382 from any particular high so if we went to look at this there it is right there there's your first 382 right here now we want to check that one so we get rid of that one and then we come down and go to this one right here and this one misses it so this is the one that it hit so that tells us you're way below here and it just keeps going lower and lower and lower about the only thing if you had to stretch anything out it would be this ABCD pattern right here coming in at the 1.618 which is it hit it just now there it is there's the 1.618 of that move this whole move right here there's the 1.618 expansion at 2186 so that that that hit it right now the low has been 21 where is the low up here hold on 21 2936 and we're 122 already so it's rallyed about 30 pips not very much but that's the 1.618 expansion so if anything was there that might be it but boy talk about grasping its straws you're right Johnny I'm grasping anyway I don't know if that's going to mean anything or not but the fact that it made that 1.618 number shouldn't make too much trouble or not we'll have to do you know one thing at a time as we look at some of these other here if you have any questions folks it's 877-927-6648 I'll be happy to answer them if I can I didn't have my clock on today so I was able to miss it tomorrow I'm trying to have Joe DiNapoli is our guest he was supposed to be on the day because of technical difficulties I was not able to do that we come back I have a request for two stocks and we'll cover those when we get back from a break 877-927-6648 you might think that if you want to be successful at trading in the stock market you're going to need a 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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 be 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 O'Brien's award-winning newsletter market insights firsthand tfnn educating 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 S&P biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction chairs carefully before investing the perspective or summary perspective 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 four-side fund services LLC this program is brought to you by Vista Gold traded on the end of September 2020 this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ okay folks I posted the chart of the high yield junk bond ETF HYG that's the biggest one of there's two others I forget what the other one has but there's one other one that I know of anyway HYG is the number one you notice that we're now below the July lows we tag that by just a little bit the market bounced a little bit off that low today but this is the chart that should scary the most because this is where the oil companies get their money to go to the small banks through high yield all junk bonds that's how Mike Milken made his billions is because he realized that these companies couldn't go the regular way to get their money so he changed the name of the junk bond to high yielding bonds and then he made a big business out of it and there's still high yielding bonds some of them are junk some of them are pretty good quality but I don't know the difference so I've never traded an ETF for this I've never traded an ETF for anything well you have TBT or TLT maybe once in a while but other than that I don't think I've done any of those things anyway well GLD well couple anyway anyway and this is what we're watching here because this thing starts to go down and believe me I'm surprised that they're even up to date that's really a shock to me given the fact the bonds where they are I look at the daily on this and the fact that this thing is actually oh it is down sorry I misinterpreted I didn't see the lower level but it is lower the fact it's that this green line means that it's just above the opening okay I had another question about another stock and that was Ali Baba let me get that up here that's one of Sarah's favorites she brought this on the original opening here many many years ago I got so many ABC's in here holy cow there's a bunch of what I'm going to do here is I'm going to get rid of some of these just to see where we are here with Ali Baba right now it actually is acting it's actually acting pretty good because it's got it's up a little bit today and let's clean this out a little bit and get it to see where we are okay let's just go from this area right in here you can see the ABCD's on the way up there's ABCD got another ABCD on the way down you got an ABCD to the downside we're going to draw them in so that everybody gets to see them there's your your bigger ABCD is right there ABCD doesn't quite get to this to this level so we might have more to go to the downside but we held and let's see if we held a 78% level off of the other low and oh boy that was comes within about half a buck then we had the gap up and now this is where we are today we're way above the opening but this is where it opened and we're way above it right here that's why you're seeing the green bar so it's still got a chance even though it is relatively you know a little bit away from the 786 it missed the 786 by wow 70 cents on an $83 stock so that's pretty close now one of the things when you're doing a Gartley pattern like this Gartley you know always use price but you can also use time and what I like to do is I'll go over and I'll measure from the high down to the low I want to see how many days it takes to get the same because if you have time going down in the same way that it is here you have time and price squared up if it comes down by 14 days so you go over by right here and you bring it down and the 14th day is today there it is right there so this might be a pretty good bottom here in Alibaba today let's see I'm just going to a 60 minute let's see a 13 minute let's see if it opened right out a 61% retracement that would have been really nice from your low up to your high oh this is no good it missed it by 10 cents so you can't really count that because that's way off $64 stock missing it by 10 cents holy cow that's an absolute fortune anyway that's what I'd be watching here with Alibaba today that's how if I were trading a stock that's what I'd be looking at that so we'll get those out of here and then we've got just a few minutes left let's just see how anything's happening with that that bean oil that we were looking at and we'll just get it up here right now oh my goodness it's up to $58 now so you've made some money so keep your oh it hit the exact lows folks $57.40 that was the number we were looking for and son of a gun it went right to it you know sometimes these numbers actually work so put your eyes on that and put your low right below just put your stop one tick below so you're only going to risk $6 so if it hits $57.39 you'll say thank you very much and I'll pay to $6 a bag of peanuts at a baseball well that'd be $12 for peanuts at a baseball game nowadays but that's what it used to be back in the old days of Dizzy Dean well Dizzy Dean was there it was a buck for peanuts but that's been that's been 2,000 years ago most of you folks don't even know who Dizzy Dean happens to be okay one other chart that some folks have asked us about is the hold on let me see it's black it is right there black rock right here let's get this up here show you this is a company that owns it all baby this is black rock and they got lots of money and here's where they are you can see it trades this is the stock itself it's not an ETF but you know we had let's get rid of the the patterns in here we don't need to see that we'll delete it all and all we want to see is what happened after here we had the ABCD pattern go right up to here you had another ABCD your first retracement your first serious retracement on this nice run here let's see how close it was to 382 goes between the 382 and the 50% 7 oh wow look at 705 between 701 and 712 somewhere in there look where it is now and this is still down on the day to me it looks like it's got more quite a bit more to go to the downside more of the level like this AB equals CD so that's something that we could get down here to 613 without too much trouble and it makes good sense because if oops get rid of this here out of the way here where is this trading at this still hasn't gotten down to that level yet okay this is what we're looking at a black rock you got an A a B a C and a D so you've got another big ABCD is probably controlling the whole gamut and there it is ABCD there's where we're going somewhere between 6 6 oh I'd say 614 595 6 oh 7s and 1.618 I'd be watching black rock at that point that would be a really good place to take a look at it what I'm going to do now is put the limit minor and on this at some day that it might hit it and it'll ring a bell and we'll go back and see if it was right or not that's that's what I sort of like to do is I'm watching these things unfold remember tomorrow's guest is hopefully going to be Joe DiNapoli and then maybe I can get Stan Harley later this week he's been in the process of moving he should be pretty good I'm hoping Tim Bost comes back one of these days he's still under the weather a bit but I sure miss him as a guest and I believe we should have had Mr. Winske on today because we had that big when did the full moon is coming up on the 29th I'll bet you Norma wants to be on on the 29th but we'll wait and see if he does or not not a big deal but when it is a big deal because we like to have him on and that full moon is coming up here on the 29th but the 23rd which was the equinox the autumn equinox that that's a really big thing in the folks that watch things with astronomical implications so that's pretty much it right now and okay let's move on here to what's the next one we got up here to pay attention to the gold would be the last one here I still looking I think we're going to get down here 1913 in the gold so let's keep our powder dry we just made the 382 heading lower it looks like so that's it we write back folks 877-927-6648 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 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subscribe to the Fibonacci 24-7 newsletter today TFNN.com Educating Investors TFNN is launched the Tiger's Den hosted at Discord TFNN has been educating traders for more 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 that's TFNN.com then hit watch Tiger TV okay folks I want to tell you about something that I heard this morning I was watching Bloomberg early this morning about about an hour before the opening and they had a nice young lady on probably in her late 20s early 30s and she said she just couldn't understand why the interest rates were affecting so much stuff in the market because the bond market is the best place to put your money and I thought I maybe misheard her but then she basically repeated it and Tom Keane who was on said you know it's been going down for about three years and of course she made her talk about zero interest rates and some other stuff that I quite didn't understand but to her to make a comment like that I don't remember what her name was or anything and I'm glad I didn't but you know folks all you have to do is just look at it as a bond chart you can see that's where the problem is it's not in the stock market stock market is being pulled down by the bond market but the bond market is where the trouble is and that's six times the size of the stock market so you've got to pay real attention to that we've been trying to focus on that every day here and sometimes it goes through sometimes it doesn't but this thing is going lower it wants to go lower enough so if you look at one of these days and rallies two and a half or three points it's going to be nothing more than a short covering rally and even the rallies now look at them folks they rally a point point and a half and the next thing you know you blink your eyes and they're making new owes that's telling you there's selling coming in and that means the Federal Reserve must be heavily involved in that market and they have to get rid of it so any times at rallies they sell it and I know they don't like to sell into a hole but if they get from the wrong side of this they're not going to get into that let's move on to something else all I'd like to say is make sure you take care of your neighbors folks no matter what you have to do whether it's take them to the pharmacy take them to the market or buy them a meal try to help folks out because it's very very important living tough times see you on the flip side tomorrow folks may God bless