 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, looking good. Billy Ray, feeling good, Lewis. We're going to start to show what the German Daks like we usually do. As you can see, folks, we were making multiple ABCD patterns up there last week, right there on the close. Very similar to what we were seeing, of course, in the S&P, the NASDAQ and the Russell doing the same type of pattern, which usually is bearish, and then with the news Sunday night about the El Presidente bringing in the tariffs again. That was enough to push the market down. If you'll remember, folks, we had a mysterious guest on Friday that was calling for a high on Friday. I cannot remember his name. He lives down there in Naples, Florida. He's from Indiana. What was his name? Oh, Norman calls it to the minute, Wincey. We have to give him a plus on that one. Also, one of our good friends from Las Vegas also had called that as a gandate because we had a flash crash, if you remember, back on May 5th a few years ago. So that's another interesting one that happened, what we're looking at. Now, folks, one of the themes that I used this week was the fact that we were making this gigantic top in the stock market by using the composite, the NASDAQ and the Dow Jones, because there was some divergence in some of these. The one that was very, very interesting, of course, was this weekly chart on the E-mini S&P because we had made what we call a triple top pattern. As you can see, it's a three-drive to a top pattern, and it's a weekly too. But we saw this pattern also on the daily chart and on the four-hour chart. We were watching that quite a bit up there at that 2950 level. We're going to see how it acts today. First, when you have big drops like this, these are outlier events. You don't see these very often. You have to remember that this is a stillable market. And if Trump comes out and said, hey, someone miscombobulated me or something, and I didn't, it's not what I said, this thing could be back up there. I don't think that's going to happen because that was serious money last night that made that happen. When I get calls from several people that I really respect in the middle of the night, asking me what was going on, I have to realize that if they're scared, everybody else is too. I spent some time last night. And again, this morning, speaking with Simon Lee of Sylvis Financial in Chicago because this affects the grain markets. Those of you that follow the grain markets, we have big drops with 20 cents lower in beans, 15 cents lower in wheat, and 10 cents lower in corn. And so these are really, really big drops. And we're looking to buy these grains down in here. But the key is we want to try to get in without risking an arm and a leg. So we're going to wait a day or so to see what's happening. We had that new moon on Friday, excuse me, on Saturday. And we'll see if that... Oh, I don't know if it affected the Kentucky Derby or not, folks, but for the first time in 145 years, they disqualified the winner. Folks, there's two types of disqualifications. One is the stewards were the guys that run the track. They disqualified the qualification. And the other is a jockey. And this was a jockey disqualification because two of the jockeys, they were running horses third and fourth, felt that they were impeded a little bit. And on the tapes, I guess it did look like that. And there was not a whole lot of uproar because you could see that because of the sloppy track, the number seven horse national security did drift out a little bit. But I would think on a sloppy track, they'd give them a little bit of a, you know, a little bit of a, what you call it, a little bit of a break, but that's neither here nor there. I was fortunate enough to have the horse that finished second at 14 to one coat of honor. So I made a couple of bucks, you know, like $90. Had a little bit of fun, but it was good. Folks, I have to tell you, though, that the race before the Kentucky Derby was the one that I was really interested in. And I, you know, I got a minute here since I have a lot of time filling in time, but many, many years ago, this is 30 some years ago in Pismo Beach, I used to take Steve Shapiro's mother, Mumsy, to the track every Saturday where I wrote my newsletter astro cycles. I did it. We started at like 11 o'clock in the morning. We finished about four o'clock in the afternoon. I had to take it to the printer, but every Saturday I would take Mumsy to the track. And on this particular day, it was in June of 1991. And there was a horse that they had brought from France. And it was the Hollywood Gold Cup, which is the equivalent to the Kentucky Derby in Southern California. And it's a big race. There's like 12 horses. And it is raining so hard, you can't even see your hand in front of your face. And they brought this horse in. And this horse was a mutter. He liked to run in the mud. And so one of my buddies that was there said, you got to bet this horse. He was 40 to one. And I did. And the horse won. I won like $800. And I bought a little rocking horse, handmade rocking horse for my future grandson that wasn't born until nine years later. And the guy that built the rocking horse put a brass plate on it telling me, you know, the name of the horse. It was Marketry. And it was number eight. And believe it or not, in the race before the Kentucky Derby, Marketry's grandson was running in the race. A horse called Clyde's, something Clyde's, something Clyde's ride or something like that. And he was ridden by my favorite jockey, Louis Saiz out of Gulfstream Park. He came to ride national security in the Derby, which he would have won, but he didn't. But he was riding that horse. But he, I only bet him when he's, he's a good price. And this horse was 27 to one. And so I bet my usual $20 across the board. And they're coming down the stretch and my horse is first and there's two horses neck and neck. The rest of them are so far back, it doesn't even matter. And they keep running and running and running. And it's a three horse photo finish. And I finished third instead of, instead of first, but my third bet paid me $90, you know, on my $60 bet. So I was, I was rather happy. But if he had a one out of one, like $1,200. And anyway, had a good day, went down to the gospel mission and I was able to help out a few folks there. And the folks, whenever you're feeling bad, go to a place like that. I wasn't feeling bad. I was actually feeling pretty good. And, but anyway, I bought some socks for the folks and some baloney. They needed baloney. So anyway, let's move on to some of these other markets. Someone asked me, you know, what do you do, you know, on days like, you know, you have these big gap downs. Folks, there's only one, if you're going to trade, you know, to try to make a living at this, you got to trade and thinking about risk. That's really what you got to do. Here's, here's what I'm doing. I'm, this is, I'm just giving my little game plan here. You'll notice here that I'm looking for a little ABC to come up to that 382. Here we opened at 2909. Okay. And I think if we get up there again one more time, people are going to thinking that's a big reversal today. And hey, it could be. But if we make that ABCD there, I don't have to risk very much. I've only got to risk a nickel, you know, five handles to see if I'm going to be right or not. So that's, that's neither here nor there. So that's what I'm watching. We got a couple of really big things happening, folks, not just necessarily in these markets that we're talking about these stock markets, but there's a couple others that are huge that I think is very, very important. And we'll cover one of those when we get back. And it's very, very slippery and it's black. So we'll be right back. And a lot of it comes from Texas. 877-927-6648. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. 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You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Okay, folks, we're back and the crude oil is in the news also because they're shooting rockets over Israel again, which is usually an occurrence. And this time it's big time, 700 rockets. But for some reason, that's not causing the oil market to react very well. Usually when that happens, oil rallies. But given the fact that the situation going on with the tariff is taking over everything, that that's probably what's going on. But I wanted to bring to your attention, this is one of the things that I focused on in the newsletter and I think it's worthy of bringing it to your attention here at TFNN. And that is that we have a situation in the crude oil that is very, very unusual. And I say that because this is only the... This is only the second time. Let's take a quick look at it so you can see here. And this is over the last three months now. You notice that we had our first ABCD pattern down there on May the 8th. It was setting right at a 61% retracement of the previous low, beautiful ABCD pattern lining up perfectly. We went up to the 1.618. We went from 54 up to 60. Then we went sideways. We didn't make an ABCD pattern when we got to March 28th. It couldn't make a lower low than it did on March 22nd, which was relatively bullish. And of course, once we took out the 60 level, we went all the way up to 66. And here, since the 23rd of April, we've made a really nice ABCD pattern that measured down to 60.39 and the low today was 60.31. We're trading at around 61.40 right now. That was spot on. So that completed an ABCD pattern in the bull market. Now remember, folks, I don't know fundamental... Well, that's the understatement of the year. I don't follow fundamentals very much because I don't understand them. But I try to look at the charts to see if the entry there will give me a spot where I don't have to risk very much. And that's what was happening this morning in Crudo. I mean, we probably wouldn't have gotten a break like this if it hadn't been for the tariffs or the Hamas or whatever it is going to be. But neither here nor there, but it got there. The $64 question is that if the crude oil goes below $60, then it is really going to be in really serious trouble. So watch the crude oil, folks. It's completing a very, very interesting pattern that has already moved a little more than $1,000 in your favor. So keep a close eye on that. It's a very interesting one to look at. Also, folks, we've had a question about the coin, the Bitcoin. We'll bring this up here. This thing is acting pretty nicely ever since we made that bottom down there at the 786 at 3100. We're hitting some really serious numbers here in Bitcoin, folks. Going back to last August, it's a 50% retracement from the last August. It's also from early September. It's a 61.8% retracement. And since early November, it's at a 78% retracement. And as you can see, this is a really nice chart. Johann from Denmark does work on Bitcoin. He trades this quite a bit. But if you'll look at this, you'll notice that it's making a really nice three-drive to a top pattern. And this is a daily chart. As you can see it up there at point D, it's there at 5800. And it's certainly made a beautiful, just absolutely perfect, stopped exactly where it should have. Now, whether it's going to go down from here or not, we don't know. But at that point, you have a really good risk-reward relationship because you don't have to risk more than probably $200 a share in Bitcoin. And if it's right, it's got well over $750 per share profit. So that's a 71, excuse me, a 401 risk-reward ratio. So that's usually a pretty good one to look at. Another one, we should talk just a little bit about one other thing. And then we want to get into the... I will post that. Since we're talking in the den here, they're talking about the US dollar. Let's just talk about that a little bit because it's really important here, folks. Well, I don't want to do that. I'll do the Japanese yen first. I don't want to save that. Hold on. Let's put this up here for the Japanese yen. As you can see here, we made this weekly chart last week. We made the 78% level up there at 113.30. We're now... 112.30. We're now trading at 110 and change. It's certainly... We came down and we stopped right at the 61% retracement of the weekly chart last night and it's held relatively well, but all of these currencies, folks, are... Oh, my goodness. This is the one that is the most amazing to me. Forget the tariff stuff. That to me is... That's cannon fodder, but the one that's really important is... If you follow foreign currencies, folks, I don't want to give the house away. And, hey, sometimes the house is made of cards, but take a look at the U.S. Dollar Index on the weekly chart, boys and girls. Use that as your homework, okay? I want you to do that. You'll learn a lot just by... You don't have to go over the last 10 years. Just go back to the last year and look what's happened to the U.S. Dollar Index. It's just... It's really something. So that's your homework assignment for today. When we're finished with the show here, we'll pull up a U.S. Dollar Index and take a look at it. And if it doesn't open your eyes, and if it doesn't open your eyes, I'll be very, very surprised. So keep an eye on that. That's very, very, very interesting. Regarding the bond market, folks, the bond... And the reason why I say that about the foreign exchange... They can't play games with that. You can say tariffs, merit, and bear, if it won't make any difference, because that's the big money all over the world. Those are the 29 countries that are out there, putting their proverbial lives on the line. So that's real central bank stuff. They can play games with it for a short period of time, but not for a very long period of time. So keep that one in mind. They follow the patterns just absolutely, almost to the letter, not always, but 90% of the time, they're there doing that. Remember this British pound? We had a really nice move in that British pound. And that paid us a nice little piece of change when that got down to that 129 level. Look at the support that was there, folks. I mean, you had a low from February 11th, stopped exactly at the 78% level. It was exactly 50% from the low on December... January the 4th. And look at it. Now, we got up to 3173. That was your first profit objective. That was 61% retracement. And now we're backing off a little bit. We backed off about 90 pips already, but it looks like it still has more to go to the upside. But I would really highly recommend you look at that dollar index because that's a very, very interesting US dollar index. Because remember, that's 55% of the euro. And that's why it's so very, very important. That's the way it looks like for me. I'm going to give you just a little bit of a teaser, more or less. Try to stimulate some thought here on a Monday morning. If you'll take a look here... Let's just get this one up here so we can look at this one here. This is the transportation index. Last week, we made a perfect head and shoulders pattern. And remember, we like these patterns because they have really beautiful names like three drives to a top and head and shoulders patterns and dartleys, butterflies, whatever, whatever. 877-927-6648 from the offices of Duke and Duke. 100 South Cross. And that's it for today. Thanks for watching. I hope you enjoyed this video. I'll see you in the next one. This Fibonacci 24-7 is something that you must try. Right now, new subscribers can get a full 30-day money-back guarantee. With nothing to risk, sign up now to Larry Pezzavento's Fibonacci 24-7 by visiting the front page of TFNN.com under Trading Newsletters. The path of least resistance is David White's daily trading newsletter. And if you're looking for active trading ideas, then now's a perfect time for a 30-day free trial to this powerful daily trading advisory service. 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Get your copy of The Art of Timing the Trade Chart today by visiting Hey, folks, bear with me here. My alert system is going nuts on me because of this big gap down we're having, and it's related to something that we've been watching for quite some time. Let me get it ready for you, and I'll bring it up, and you'll be able to see it. Hold on. Whoa, whoa, whoa, whoa, whoa. Just a second here, boys and girls. All right, this will just be one second. Stop the noise. There we go. Let me get this ready for you, and then we will be ready to go. I was expecting it, but it snuck up on me, so give me one second so we can look at it together and we'll see whether it's going to be correct or not, and that is our good friend, Apple. Let's get up here to take a look at it. You'll see here, folks, that we were watching for a potential island reversal. You'll notice that we've had that island reversal pattern this morning. Now we should not fill that gap at 208. That should not get there. That's what I'm looking at right here. Now, folks, the problem with this particular trade is the parameters that we wanted to see was for the market to close in the lower part of the range, and as you can see by that green candle from Friday, the market was up at around 211, so it's down like $7 today, but if it would have closed in the lower part of the range, and that's the key, it must close in the lower part of the range, down around 209, 208.80, somewhere in that ballpark. If it would have closed there and gap down today, you have an island reversal pattern. Folks, this is a flat-out, various pattern. It might fail, but, boy, it's just one of those kind that you really, really like to see if you like island reversal patterns, because you're up there for three days. Steve Neeson, the candlestick guy, I believe he called it the three black crows sitting there, but that is definitely, but where do you sell it when it opens down $7 lower in a stock that's an uptrend? It didn't take out the lows of last week as of yet, so it still looks bullish, but that island reversal pattern is definitely there, but we would have never been filled because it had to close in the lower part of the range, because that's what quantifies your risk, so that's the main thing. Yes, regarding the cattle, Mr. Z is talking about that, I was one of the things that I was looking at in the futures this week, and then, of course, last night, I was speaking with Simonly, and I posted a chart in here on the November soybeans. Let's get this up here to take a look at it. By the way, that plaque that I posted up there, that's from the little rocking horse. It's a wooden rocking horse, and it has a covered wagon with it. It's a western style. It is really cool, and boy, my grandsons, man, they really like that thing. Let's take a quick look here at these soybeans, because they're down about 20 cents, down about 15, but there'll be some great buying opportunities. The problem that's happening is the tariff thing that's going on with us is affecting world grain prices everywhere, folks, because people don't know what the heck is going on. Sy sold his company out in January, and he now works for them for a few years, and then he's going to be out on his own, but it's the largest hedging operation in the United States and one of the biggest in the world. Sy was pretty big on his own, but now that he's sold out to Farm Bureau, there's no secret to that, but he'll be running the business there, and believe me, he has a lot of happy farmers, because they hedge their corn based on how much money they could make when it was trading at about 60 cents higher, so they had a lot of money there. There are farmers, and Sy mentioned that to me last night, they're going to lose their crop, and some of these guys are going to be in big trouble, because if they can't get higher prices for this, they're losing money, and a lot of these guys are just barely hanging on because of the prices over the last four years, they're going to lose their farmland, and that'll push prices on farmland down, and so that'll be another factor that could be happening. Let's move over to the live cattle for Mr. Z, because that's one that we've been watching really closely. I like August cattle, but you'll notice here we talked about that level of 111, and when we went through 111 boys and girls, I wanted no part of that. That was a 61% retracement. I took a little nibble there for 80 points, about 350 bucks, and I actually went sure, got the money back just to because the trend was so strong to the downside, but right now, if you're looking at August cattle, the last support is at 10850, and I don't know where it's trading this morning, but if someone would check it for me with all the stuff that's going on, there might be some margin calls selling coming across these grains, and that's going to be really interesting, so we'll take a look at that. Mr. Z, where is the hold on here. Where is the August cattle trading at? What was the low today? We closed at 109.15, probably opened higher because it's so oversold, but the rest of them, oh, see, look at that. See, 107 had gapped down through there. It's no way. You didn't want anything to do with that, so that's what it looks like. Now, the corn, the corn is interesting because it has not violated the bottom yet. I didn't put in the overnight corn, but I'll show you here that we did get down, but we made a 78% retracement in the corn. It did not make new lows. We did not make new lows in the wheat either, so the corn and wheat are actually holding above it, but the beans have gotten totally massacred on that. I'm looking for a bottom in them today, but what I'm doing is I'm trying to rely on my artificial intelligence program to see if I can get a low risk entry so far. None of that has lifted its head, but that's neither here nor there. Let's take a quick look here. By the way, if you want to call in folks, 877-927-6648. That's what we're looking at here. If you have a question, be happy to answer it for you. We just got up to, there we go. There's what we want to see. We just got up to the old, there's your 60. This is interesting, boys and girls. Let's take a quick look at this. Let's just look and see here. This is the old cowboy second and we'll take a look here. There we go. Remember folks, the 2909 was a 382 retracement. The high we made is 208 in a quarter right now. I keep an eye on that, but that's a pretty big move. We moved 15 points in the SB. That should be nothing considering that we were down 65 handles overnight. 15 point move in that absolutely nothing anymore. That's neither here nor there. Keep an eye on that. That's very, very important to take a look at that. That's what we're watching. We'll see what's going on here. Someone's asked a question about the wheat. I'll bring the wheat up. You'll be able to see the wheat is acting a little bit better than the others. It's still down about 14 cents, but it's doing a little better than the other one. In fact, the wheat is the one. If you have to buy anything, you buy wheat or corn, and I'm not saying you should buy it, but over that new moon and that usually is something that is pretty good to look at. So that's neither here nor there. Alright, what other one did we want? 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Distributor for side fund services, LLC. The Bull Bear binary option hour next on TFNN. Okay folks, can you post times can be seen that that's secret stuff Peter I'd have to I'd have to have you whacked. Didn't that show the times? Should have. Let me do the numbers. Let's take a look at the treasury bonds here and then I'll see if I can I can do that a little bit later. The time for the top is right now. The number I was looking at is 2909. Let's take a look here at this pretty. Treasury bonds, the 30 year bond want to get up here. Now, this is a hourly chart that we're looking at here, folks. Excuse me for our chart. We have the high that we made back on March the 30th at perfect 61.8% retracement and now we're down a little bit that completes that pattern. We took out the highs of early April, not a good sign. And now we are headed down. That means interest rates should be going higher. Any move now above the 149 level would be viewed as bullish and then you'd think you'd get up to the 78% level. But that's what it looks like right now is we're watching some of these things unfold. So give me a second here to do one other thing and then I do a little bit of housekeeping here because I have to manage a few positions that I'm looking at. So if you'll give me one second, I'll post that AI. I'm not going to do it every day because it doesn't work all the time and you don't want to get involved with those kind. You want to find one or two that works and that's really what you're looking at. What I'm doing is I'm going to be putting out the little bit of a new this chart. So here's what I was looking at folks in poker is called the stalling technique. I'm trying to get this chart ready so that when I finally do post it, you'll be able to see the times and then everybody will be happy. So here it comes Peter from Park City. Let's get this up here and you'll be able to take a look at it. You'll see we should be topping right now low that we made last night at right around 2885 that number came in at 2909 in a quarter I believe something like that anyway that's what I'm looking at and if this would fail now this is how this works 10 minutes from now in other words five two minute bars if this thing is trading above 212 it's toast so this is the good part is that you don't have to worry about the doggone thing because it it's going to tell you right away whether you're right or not so we'll see offloading some of the calls you bought last night you can buy calls at night on the VIX are you kidding me Maria I didn't even know that wow that's pretty cool yep it's pretty good where is the VIX trading would they get up to about 15 or something yes we've been long that VIX for a long time yeah you're reckless yeah you're you're about as reckless as John Paul Getty he had the original nickel that he ever spent folks don't even know who John Paul Getty is oh there was a movie about that Larry Williams his daughter starred in that where is the VIX trading would someone please tell me because I was I've been rather friendly to that VIX thinking something like this might happen and we bought it around 12 oh Ruby Ruby very very important here just a second here wow 1695 that's a big move Ruby I don't know if you're here today or not but we're down to this level that we've been watching in this sugar the sweet and I moved over to October sugar and this should be we should be trading here right about now folks keep an eye on October sugar because we are making a Gartley pattern there this is October and then we're down about 20 cents in sugar so that should get the October down to around 1212 level so as long as it stays around that level it's going to be okay now if we start getting below $12 you know 1185 or something like that you know then you're going to have to decide that you want to risk more than $300 so October sugar should be bottoming here at around 12 right around 12 bucks is what it looks like now I don't know what it's doing this morning but that's the pattern that we're watching it looks very interesting these tariff things that are going on affects everything folks and that's because it hits the news everywhere and everybody starts to panic at the same time and it's all a bunch of BS but that's neither here nor there and that's how it works these are outlier events and not to be sneezed at because they do happen but they come and go you know a week from now you know they don't even know what he had to say remember the Greek the big thing about the Greek problems that the Greeks were having give me a break they got better Greeks have a better rating on their bonds and we do if you can believe that whoever rates those bonds is smoking some type of a funny medicine but that's neither here I still don't understand folks how our treasuries can be yielding what they are yielding when other countries that are absolutely in the doghouse are selling stuff at negative interest rates I mean that has to be the most insane thing that I have heard in all the years that I've been doing this now I'm not a fundamentalist but I mean it doesn't make sense to me that you would give someone their money and they're going to charge you for it tell me where that guy is I'd like to do that you know that just that just is just insane to me it's what they call you know what it's called Maria it's called modern economic theory I wrote a piece I read a piece from John Malden over the weekend it's the only one that I ever read because he has some really guys smart guys in there like Ben Hunt and David Williams that I I like to read what it's going and we'll see what's happening yes we're going to have a little boy and he is going to be born on the 13th of June and it'll be number three and we'll have a six year old and eight year old and a zero year old so we don't know his name yet but we're guessing it's going to be Zachariah because we have an A and M and guess we'll have a Z alright let's move on to a couple other things folks you know when I when I ask you to take a look at that that weekly chart on the dollar index please do that you know I think it'll tell you a lot about what's going on in the world I'll do the daily for you but I want you to do the weekly yourself like 20 man says defy human nature do the work yourself anyway this is the US dollar index on the daily we're back and we're right at trading around 97 34 something today hasn't really done very much but that's a key level folks that level up there at 98 10 that is that's the big big big one and with this all this news going on you notice that the currencies not affected very much at all they're very very quiet that you know the euro is up a little bit the yen is down you know 30 points it was down a little bit more the Australian dollars down a little bit but that's been in a downtrend and we're looking for lower prices in the Australian dollar anyway so that's another one that looks pretty interesting so these currencies are you know pretty much unaffected that's where the real money is folks that foreign exchange market is real money that's cash money when someone buys something or make something in China or Bangladesh or wherever they're making it they have to hedge that to be paid in US dollars and that's what affects these foreign exchange rates so keep a little keep an eye on that the Hang Seng was down 3% last night the Chinese market David White is kind enough to post all these losses but the Chinese markets were down 6% and Marshall's asking me about the notes and bonds and they look lower to me I covered them I covered the bonds Marshall just just covered them just a minute I'll do it again for you because you're very special and if I didn't do that Sarah would be on my case like a cheap suit here's the here's the four hour chart of the bonds overnight we had a 61% retracement of the high and you know we've got a gap in there around 147 10 and it looks like that's a pretty major top so we'll see 8779276648 I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months. Timer digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today. If you haven't checked out the newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative up to date affordable and a must have for every trader looking to gain a competitive informational edge in today's markets. TFNN newsletters cover every aspect of the markets to offer you the very latest in market news. Plus new subscribers get to test drive our newsletters risk free for 30 days. From all aspects of the markets including stocks, bonds, metals, commodities and tech there's a newsletter to fit your needs exclusively from TFNN. Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game. Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors. Since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman wave sequence. Using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information just click the Think or Swim banner on the front page of TFNN.com. Okay folks we're in the show here with the precious metals I posted the chart for a silver. Our goal was actually a little bit higher earlier last night it was up about three bucks it's now lower but I do believe excuse me I do believe we still got a chance to make this 1440 in the silver and we're trading it around 1480 something right now so I still think we've got a chance to to see if it's going to get down to that level but it's been taking a long time to get there but if it does get there it's going to be interesting. Folks there's also the possibility that the gold made a major top up there at 1395 and let's try to get 1365 and if we if we get much below $1,200 an ounce I would have to say that yes that's probably what's happened and folks we have a lot of red out there on the commodity markets today a lot of things happening that are deflationary and the one thing that the Federal Reserve does not want is deflation so at any moment they could come in and you know drop interest rates or do some more quantitative easing or something like that so and these markets react very quickly so even though you're down 65 handles in the S&P overnight that doesn't mean you can't use your stop that just tells you that you better use a stop I mean if you had been long last night or you know Friday and came in this morning if you had a stop in there you would have been filled you know 50 points lower because it opened 50 lower at 2910 and then dropped to be down 65 lower so even that you've got to protect yourself because you know the first mistake teaches the second mistake kills your first mistake is you're on the wrong side of the market and that's it you know you'll see I have a total of four grandkids three with Sarah and one with Jill and Chase is 19 Avery is eight Mitchell is six and the little dude is going to be one day on June 13th so anyway let's remember to live every day in an attitude of gratitude and do something nice for someone else today folks thank you very much