 Welcome back folks, I've now finished up 172, Nasdaq up 72, S&P's up 22. Let's go over to our man, Mr. Steve Rhodes. Don't forget, folks, Steve does an outstanding show here every trading day, one to two, East and stand to time. Also has a great newsletter. Mastering probability. Now the way you get this newsletter, you come over to our website at TFNN. You're going to see it right under Featured Content. You can hit Mastering Probability. You hit Subscribe. Steve's newsletter is $149 for one month. $695 for six months. That's a savings of $199 or 22%. You can get it for a year for $1195. That's a savings of $593 or 33%. And as you're over there, don't forget, folks, we have the Tiger Dollar sale going on right now so you can actually save a lot more money getting the Tiger Dollars. And of course, our man, Mr. Steve Rhodes, is the 2019 market timer of the year. Mr. Steve Rhodes, what's going on? Well, just watching that Nordstrom stock, which is really pretty wild now, the stores here in South Florida, I happened to beat them all last weekend and packed. And this is the time of year when the tourists have left. So I'm just always amazed at how packed over the weekend, it's a weekday you could shoot a cannon through there for the most part. But like you were pointing out, and I looked at that swing point, I took my chart all the way back to that, to look for another swing point. Right. You know, I looked at that 2008 level and I was like, oh my goodness. On a weekly basis right now, they've done about 13 million shares and the swing point that they're taking out as we speak at 4.19 in the afternoon had only 17 million shares. It's only Tuesday. Right. Yeah. So it looks like if it closes the week below $35.01, at least $19, I mean that would be the confirmed A to B equal CD to the downside. I said 1960 would be the one to one, but 650, the one to 1.272 gets all the way back to those 2008 lows. So what a trip out there. I know. Sad, you know. It is. It's like, you know, you get these great stores. It's real folks. Not much you can do about it, but it is sad, you know, because it's... Yeah. Of all the stores out there, I actually prefer Nordstrom more than the other ones. Oh yeah. It's always been a great store. Yeah. Absolutely. I thought I would put this up on the screen for everyone out there. So this is a 30 minute chart here for the NQ. And what it did at about the three o'clock today was it generated a Gartley cell pattern. And that's the... That's what's colored in here. It did really two things. It made a perfect A to B equal CD, which is a part of the Gartley pattern. This case here, this was a large move to the downside, A to B equal CD to the upside. Short term charts, folks. So we're just taking a 30 minute chart here so that you can anticipate what the market is communicating to you and I as far as the overnight. And it also did wave number seven, letter G, part of the Chap and Wave toolbox out there. So what I'm looking for is really one of two things, you know, and explain that. The first is I'm looking for just a natural pullback or retracement. And that retracement as we speak right now, I've got a 30 minute market profile that says that price could pull back to $7408. But these profiles, some additional profile could form overnight. So but $7408 to the $7395 level would be just a normal natural pullback to an area where price had broken out. However, if price takes out the highs overnight, then we're looking at about a move to $7546. So those are the setups to be watching for in overnight action. And I just threw that out there since it was a pattern that was forming, you know, as we were coming on the air. What I thought we could do for the next several minutes is really talk about the sell in May and go away. And Tom, what it does is it helps to line up your larger view that what the markets are doing, the S&P, I think the ESMini, setting up a B to a C of an A to B equals CD to the downside. So it's nice to put that 30 minute timeframe chart in there. It's also nice to take a look at the validity, so to speak, of the sell in May and go away. And the question is, you know, how do we know, well, first of all, where does it come from? And what I want folks to realize is that what's really being discussed there is that the market come May, and I would say May 19th, today is May 21st, really begins its unfavorable seasonal cycle. And on average, and this is during the last 86 years, we've talked about this many times, the market typically moves from a high in May. There's also a typical countertrend rally in the summertime, takes us up into the middle of July, but then a swoosh to the downside into October. Now it's a real benefit if the, but I don't want to talk about that per se, but that's the unfavorable seasonal cycle folks from May 19th, basically through October, middle of October. And there's two favorable time periods, which are the end of January through May, through May 19th, and then the middle of October through the end of the year. So the market has entered the unfavorable seasonal cycle, but the sell in May and go away, and that's where it comes from. How do we know, how do we know if it's actually working? And so what I did, Tom, is I went back and I did a study, something that's very simple for everybody to do. And I'll begin with the 2018 chart out here, and this is a weekly timeframe chart for the Dow. And what I do, Tom, is I look at the April lows. So the sell in May says, hey, if this is, if my thought process is, if the sell in May or the unfavorable seasonal cycle is something to be worried about, we ought to at least see the April lows get taken out in 2018, that didn't happen. And so the sell in May cycle or unfavorable seasonal cycle really didn't take hold. If we take a look at 2017, not a chance. I mean, there was a bit of a pullback towards the third week in May, never got down to the April lows the market took off to the upside. Take a look at 2016. Well, in 2016, the April lows were never taken out, maybe just by a smidgen, but again, this is a weekly chart here. They actually held the market continued moving higher. Now it was a bit of a sideways move from the April lows, but still they were never taken out for that so-called anticipated larger move to the downside. 2015, totally different story. Here we can see the April lows were taken out, the markets moved down into the August timeframe out there, so it's something to be watching for. Let's keep looking at this, because in 2014, the April lows were never taken out. 2013, the April lows were never taken out. 2012, well, they were taken out. In fact, the April lows failed by May 19th, the market went a bit lower for a couple of really until the June time period where you typically see the countertrend rally. Take a look at 2011. 2011, the lows actually failed by June the 11th. 2010, the April lows failed by May 8th. So it really does work, or it doesn't work just simply by taking a look at the May level order. 2009, the April lows never failed. 2008, the April lows failed by June 21st. So let's fast forward to where we're at today. And folks, you can go back to historical charts and do the same thing. And here's what we know, Tom, the April lows have failed. And they failed just a couple of weeks ago. So the idea that the market is making that B to C leg of an A to B equal CD to the downside has proven itself just by taking a look at the April lows and the old sell in May unfavorable seasonal cycle. That's pretty cool. You know, it's crazy, folks. I get about that because 2000 and 2007, they failed dramatically. Yes, they did. Yes, they did. So it'll be interesting. And I'm not looking for anything like that, folks, by the way. I know. 2000, 2007, but guess what? When they failed there, they went down 40% and 50%. Yeah, and this validates what you're looking for in my. Wow. Listen, folks, come over to our website at TFNN. You go right under featured content. You're going to see a mastering probability. Sign up right here right now, folks. Everything to gain, nothing to lose. Steve, you have a great one. Safe one. We look forward to the show tomorrow. Thanks, Tom. Thank you. Stay right there, folks. Come right back.