 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 I'm sorry I'm late but I got a phone call about 10 minutes before the show started from somebody I hadn't talked to for a long time one of my floor trading buddies and I was just like going to old home week and I hopefully get him as a guest one of these days but hadn't talked to him in about seven or eight years so I lost total track of time. Let's take a look at some of these markets folks starting out here. Well there are several we've got the gold remember we're looking at gold now folks down here let's get this weekly chart up here. There's a number 1826 the low so far has been today 1842 so we're still looking for it to get down to this area right here maybe even as low as below that but because big move down has been quite dramatic there's been no chance here last night for any type of a 3-8-2 the only thing that we did have was this little tiny ABCD rally that came in right there at 45 and now we've come down this is a this is basically a three drive to a bottom pattern on a shorter time frame it does everything necessary because you have your first drive here your second drive here and your third drive here you can see you have nice symmetry between this of course the rally here is basically very little so it looks like we're still heading down another 15 or at least $20 lower in the gold then we'll look at it again okay so that's that's basically what we're watching here I I'm having lots of technical problems with my speakers for some reason sometimes my speakers work sometimes they don't but let's move on to some of the other things that we're looking at we had a very we had a really interesting pattern here this is the S&P overnight if you remember we came in on Friday and we ended up right there's where we were on Friday there's Sunday night now Sunday night what the market did is it went right up to guess what the old 618 almost hit the 786 then it started to go down here was the really first good ABCD pattern right there that was the first ABCD pattern that came in there's ABCD and if you believe in Fibonacci if you take your high down to your low low and behold there it is and it dropped right down to here that tells us we are going to be going lower now we haven't made new lows yet in the S&P and the NASDAQ is holding up relatively well so this market is poised to go lower it looks like whether it's going to be today or tomorrow if you get a rally try to do it now one of the things that we did in the video in the overnight on Sunday was to be prepared for the 382 pattern and the ABCD here's the one we had on Sunday here's Sunday night you can see here's Sunday night here's Monday early morning and if you'd like 382s and we'll certainly do somebody's ringing the bell here so hold on just a second I've got to come over here share screens one that's what I did I did share screen one well let's try it again Larry what the heck there we go we got oh Rich Anderson should be on the line today Rich are you there yes I am Larry Rich I'm on all kinds of I'm having all Rich you know who just called me just about 20 minutes ago or half hour ago you remember you remember Paul Smilgus and Gris from the floor the the Euro traders yep yeah I hadn't talked to him in about seven years and his son is a sophomore here at the University of Arizona so anyway Rich let me get this done here hold on one second I want to talk to you about the wheat market because I had a pretty good rally here but first I got to get this technical thing working my speakers are not working rich and as you know when things go wrong with me technically it's a challenge all right let's get this up here we'll we'll see if it's working now and we'll ask everybody to hold on and I'll get the wheat up now we had a 50 cent break in wheat over the on that big report can tell the folks what's going on with these grain markets because you know they've really been hit really hard are people going to stop eating bread or what's going on well well a couple of things but for the quarter for the quarter oil was up 30 percent and wheat was down 17 percent and the talk is that you know that the funds are long though long oil and short the grains wheat amongst them but there was a report on on Friday at the end of the quarter and while it wasn't anything jarring for corner beans who's actually a little friendly corn and little neutral beans they counted on everything because they surprised the wheat market with a 78 million bushel increase most of that came in spring week and you know I live in Minnesota in fact we're going to have 80 degree plus temperatures today but no worries by the weekend it'll be 50 but most of the summer we were extremely challenging growing conditions and yet they increased the yield in South Dakota wheat from 30 bushel's an acre to 45 they increased 50 percent in one month wow I mean the second largest yield for all the spring week when we had challenging growing conditions you know well very hot and no moisture so I think it's some magical thinking but you know that sometimes happens for times from time to time but then what happens within the market you saw the sell off on Friday where you have the option traders right and the delta is how much an option moves versus the price and damas the gamma is how much the delta increases as the price moves and so you have a gamma squeeze as all these people that were short put had to protect their positions and you know the professional traders and after the more the market goes down the more they have to sell and that's that's what you saw on Friday and there the biggest problem we have is the Mississippi River is low and so it's hard getting grain down the Mississippi we we need some moisture in the Midwest to get that river replenished and as an example Ukraine sold a million tons of corn to Russia in the last or excuse me two of China in the last couple of days and you know now can they get that grain out they've had two cargoes go they got loaded out of the Black Sea and are using it what they think it's a safe corridor but all it takes is one missile from the Russians and all of a sudden the ships are headed that way or decided it's not worth it so it's going to be it's going to be interesting that the real focus is we have another crop report another USDA report on October 12th and that will give us some final numbers to deal with so everybody's going to be focused on that and then after that it's strictly going to be focused on the weather in South America but yeah the sell off on the weed on Friday was a classic example of gamma squeeze whereas the market goes down your delta's increased so you have to sell more to be delta neutral and they increase at a faster rate that's the gamma and you saw what happened yeah and those things are usually relatively temporary now today in the market I see that they're picking on the bond something fierce as people are starting to believe that you know inflation maybe it's going to be stickier than people thought and if you inflation measured against a year going the base rate a year ago it's very low so hey rich we got to pick we got to pay a couple bills can you please stay with us because I had two questions that I want to ask you regarding freight rates we'll be right back folks with rich Anderson Anderson capital management we'll be right back 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 timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two 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 Steve's market newsletter mastering probability and you'll receive access to seven 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 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 keg stats tiger forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading 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 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 toll free at 1-877-927-6648 internationally at 727-873-7618 okay we're back folks with uh rich anderson anderson capital management rich one of the things that over the some of the things that you sent me was regarding the freight rates is is it true that the freight rates on the mississippi have gone ballistic to the upside well they've had uh you know increases as much as there would be equivalent of 67 cents of bushel for corn oh my god one or two barges but the problem is the level of the river so low that they can only load the barges that you know 60 or 70 percent and they have to go through a very narrow channel and so getting barges down then getting barges empty barges back up or on the deadline back up it's a problem and you know we just we need some moisture but eventually mother nature will take care of that we're hoping um on the other hand you know you've got weather issues all over the world you know they're they're starting to watch brazil now brazil's still in pretty decent shape but they're starting to watch brazil and right across the border in argentina they're still seriously dry just as they were all this year and you know they could be looking at another year of it and and then you've got western australia is dry and southern russia one of the big the october 12th report will be focused on demand for our grain and one of the big challenges is china's economy is slowing down to a creep and you know they've been a big customer from time to time the problem with the government that anticipating what the demand is they can sometimes be way off you know one year they had to learn it that we were shipping seven million metric tons to china and they bought 30 you know i mean but right now we're not exactly getting along with china so they're going to try and do without for months so uh it's going to be interesting well the interest rates in the higher for longer in inflation i think that's the key story because that that translates into a higher dollar and a higher dollar makes all of our commodities more expensive to anybody wants to buy from around the world yeah that's for sure rich i remember you're telling me about 30 years ago when we first well if we've known each other more than 40 years but i remember you telling me once that we're only one crop away from front famine in the world and if we have a bad crop here i mean a really bad one which we haven't had one for 40 50 years that would really cause some major problems in the world it's still true isn't it i that's that's still true um but the genetics on the seeds says it's over the last 20 or 30 years it's miraculous what they've done with the genetics to these seeds i mean the the corn and beans were able to endure the drought this summer and in relatively good fashion shockingly so it would appear um but still you know we're gonna have um because of the climate change in various areas you know we're gonna have major food problems the challenge is going to be to get the the supplies where they're at to where they're needed and that's going to be a very big challenge wow i know hey listen i want to thank you for joining us today and oh by the way one other question now outlook on the soybean oil what is your uh what's your opinion you know say in the next uh 60 days on soybean oil we've had a pretty big sell-off is it in your areas where you take a look at it from the long side yeah like this i i i like uh accumulating down in here over the idea that the government isn't going to throw any more curveballs at us and that the soybean oil is going to get help from the uh fine people you know and that it'll start to follow the oil prices and that you know the the big houses in new york are talking about i'm talking about gs talking about crude oil being 125 dollars in the barrel so you know oil soybean oil prices are not going to stay down here for that they're going to recline it for diesel and the government could help the farmers out for the corn um by being a little more friendly to that than all and all would be well in the world well you've got to depend on the government and that's that's one day they're saying one thing and the next day they're doing another so who knows i think they watched it by the way uh we were talking about your buddy tommy ditmer and i'm looking at his book and you know what the title of it is i got it wrong here he signed it yeah i know yeah he's uh he has a he had a big ranch up there he just sold it up there and uh san anas remember we used to go up to san lusimus but we went by where michael jackson lived he lives out there and had a canyon and he's had this big uh it's about 70 acres of of his vineyard he just sold it for four and a half million he's lived there about seven years but uh yeah yeah he's smart isle a farm boy that's what he yeah he sure is hey listen pal thanks for joining us and uh i i certainly appreciate it well okay all right folks we're gonna take a look this is the daily soybean oil that we were looking at number was down here at 55 81 we made a lower low than friday by a little bit the low was at 55 67 missed it by a little bit we've had a pretty strong rally today since that you'll be able to see it right there there was the uh you can see the big a b c d to the downside that's the one we were just looking at on the daily there's your a there's your b there's your c we are drawn in for folks right i think we can do that there's your a leg right there off by a little bit there's your b leg c leg d leg there it is at 58 75 the low was 58 65 and now we've rally well it's rallyed $900 folks we've taken out uh we've taken oh not quite we haven't taken out the high of friday yet but if we do that that'll be an outside day that's usually a sign that the market's going to rally even more so let's uh remind ourselves that sometimes these things do work you know they don't work all the time but they work some of the time all right let's move on here to the uh makes what we want to look at here is just crude all we were on that before and this is where we were i i recommended to the folks on the weekend of course is to watch for a 382 rally here or an a b c d pattern to get short the crude oil and as you can see here we had a perfect a b c d pattern right here there's your a there's your b there's your a leg right here there's your a leg right there there's your b leg right here your c d leg comes right in here at uh 91 68 the high was uh 91 81 and it made the first profit objective down here $2,000 $2,000 lower and that's uh pretty much what you'd like to see as you see these things move now there's your a b leg right here there's your c d leg uh right there and now we've had a little bit of a rally and what i'm watching now and uh this is uh going to be watching for the for the future here's i really think we've made some type of a major top here in the crude is to watch this one folks but next a b c d remember this is a oh shucks we'll get this for here it is watch 90 13 okay the reason why that's important here let me just get this out of the way here the big 382 on this because the market made a new low you go down and you'll see that comes in within a hair's breath we're saying 90 13 and this is 90 38 well remember the mathematics precedes geometry this is geometry this is mathematics so 90 38 is where you want to play ball right there you sell it right there put your stop you got a risk about a buck here folks because this is a wild son of a gun put your stop right in there we'll take a break eight seven seven nine two seven six six four eight 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 obrien 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 obrien'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 pesavento on stocks you need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from 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looking going the other way because i know for everybody there's got to be a seller so one of the things that we've been waiting for is a potential three drive to a bottom pattern here in the treasury bonds and you notice here we made a uh a lower low than we made here on friday this is a four-hour chart there was a low on friday and we came through that like it didn't even exist and i mentioned in the newsletter excuse me in the video that i said out if you see a print under 112 i said that's probably gonna be a buy and the low was a 111 31 we're trading at 112 16 i i had an order i had an order in there but i didn't get filled should have probably put it in at 112 anyway that's just the possibility of this being but you know we still got more to go this would have been the ideal place to buy it went 1121 but that was you know quite a bit away but i really think we might be getting ready here for a pretty good rally here now we've been going down since hector was a puppet net dogs nine years nine years old now look at this thing's been going down now look at this from september we went from 122 we dropped 10 handles look at these 382s all the way down boys and girls you gotta you gotta respect those puppies so here's where we are right now let's look at that a little bite by in a minute here hold on a second i had a little bit of a rally that's all we've had so far not this is getting inside my head which you don't have to take notes because there's not much in there but if you take your high of the last rally okay up to here down you'll see that we are up against the 382 now if we start getting above what you are getting above it we start getting above this 382 if you buy it now you gotta risk 500 bucks but this could be a big big change because you got the whole world in your hands as they say in that in that zone but anyway we could start moving higher this was the probably the best time to buy it was somewhere in here after it took out the 112th level and but i missed that for three or four different reasons i guess none of them make any sense but anyway that's what i'd be watching here is if we start getting above here that you know this could be that place where it's going to run to i'd be really scared being short in here actually folks and i'm not we got another from that high that we made here this is sunday night's high can you believe that look at this thing from sunday night the other side we just hit the 382 of the sunday night's we started getting above 112 20 this thing let's say 112 21 i think it's going to have a hell of a rally there was the high overnight and we went from 113 we dropped two handles folks two thousand dollars on the news that china stuff was not going well and the everything else and then the fact they they disregarded the fact that our bills were going to be paid in time or whatever anywhere we'll see what's going on here with some of these others okay let's move on here to another one that someone asked us about and that was the cattle we want to look they've been various for quite some time let's just see how they're doing here today there's the december cattle we'll get this up on a half hour hope we get a rally oh we're coming in here there we go here's our cattle right now okay here's what's been going on here we've been coming down here's today's action we uh opened uh opened higher today which is good we stopped right here first thing you want to do if you were trading is measure from your big high right back there and the uh 50 percent came it didn't quite make the 61 but we made it here you can see there's your zone where you would be watching to sell it right there at around 190 that's down 700 or 600 or more you sold it if you if you're looking at that so get ready to you know this market is going to be going lower and just to get some idea of some profit objectives if you were doing this and cattle is a huge market folks these lot hedge funds and this stuff so we'll get this up here oh i have to tell you a really great story about hold on just a baseball story hold on right here we're looking like we're going to get down to another two points here in the cattle so we're we're heading lower i was watching a little bit of a baseball game on sunday with the fillies uh we're planning they were playing this pod raise or somebody but anyway that guy you know how you bring in your your animals that to help you move they called uh helpful animals or something like that you know for people that are in village you know it's easier help usually they're dogs once in a while there might be something else this guy had a a helpful alligator he had an eight foot alligator and the alligator's been doing this for like six years when he goes to take it to the fillies game the fillies security people would not allow the alligator to go into the park and so you know what's going to happen next his first phone call was to an attorney yes and they're suing the fillies because they're not being uh open enough to leave a eight foot alligator if you don't believe that it's good you can google it because i i saw after i saw the news i googled it just to see how many french fries were in that guy's happy meal because i i don't think i'd want to be sitting in a ball game next to a pet alligator god i'm married one hey let's move on here to another one here we keep an eye on this folks this is getting ready and if this gets ready to run if this gets ready to run then the stocks might have a bounce but that's uh they're not bouncing right now they're just they're just heading lower let's move on here to the uh we covered this here in the crude oil we've already done that that's uh it should be coming down here a little bit more all right now let's take a quick look we haven't looked at this in a while which is natural gas and here's where we are here over the past few weeks here well let's try that last few days this is a 15 minute chart and you can see the abcd patterns here they're just about uh you know this is really tough stuff yeah johnny i know fall sleep i don't care if you think it's uh oh there's one at work johnny look at that do it right up to the high there then we came down and then we make an abcd to the downside hey my god why am i telling people this this is a secret stuff you shouldn't have to do this i mean this is a mother god in country stuff boys and girls and look at the look at natural gas look at that that's just three and there's another one in here too wow this is amazing even uh sorry folks i have a i don't have an allergy today because i have a head cold i can tell the difference and now it's been uh been trying to tell them my biggest problem is this problem with the speakers because i don't i'm gonna have to take this the uh laptop out and take it down to dan the computer man and see if he can get it fixed because it's not working and i need those i need to know where these markets are when they hit certain price objectives as you can imagine in here so anyway this is what we're looking at let's just look at this on the daily see where we are and uh wow there's a little date in here that's where they're switching over the contracts haven't updated this daily for while there's a abcd's on the way up that's the one we just saw two days ago we'll draw that in let's take a break eight seven seven nine two seven six six four eight we'll be right back 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 like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basil Chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors are you ready to take your trading to the next level introducing tom obrien's award-winning newsletter market insights your key to successful active trading tom obrien 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 season 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 obrien's award-winning newsletter market insights firsthand 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 biotech three times bull and bear ETFs visit direction investments dot 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 8664767523 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 four side fund services LLC this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz okay we're back folks i'm going to take a quick look here at the british pound and also the uh the euro you'll notice here the pound is uh banging up against the 786 and the 1.618 we'll just get this up here some big number here that we're looking at here this pound nobody likes it i mean this is about this is almost as bad as anybody liking the bonds but there's where we are there's the 786 hold it right there's the 382 and there's the 786 and i just got a call let me double check here what's going on with tf and then we got a caller in jim from palm harbour jim how are you how are you how are you i'm doing okay larry um i want to rest your voice a little bit and i was looking back this has got to be oh maybe 2007 i heard you used to be your weekly call into uh tom o brian on his radio show yes it had to be i'm almost going to guess it was wednesdays and we used to circle that time and make sure i was either a car we had an am or fm radio that could listen to your your um listen to your voice and the information you give you have given people has been unbelievable over the years and now just watching i've i've always thought if i could look over your shoulder and just watch you and you've pulled out these patterns over the last month i learned so much um and i would have never heard of people like a stan harley or ritchie indersen or norm winsky or mike moore or a stan harley and then bill bill barrigan bill barrigan john person yeah there's a lot of them there and thanks to you you know we've we've heard some bearing opinions at different strategies but it's it's really been a wealth of knowledge over all this time so hang out to that voice of yours because um you provide something very valuable and i'll tell you i i strayed my voice when i was seeing the sonata when they open up in europe in asia and i i actually lost i was actually i had a down week even though a short most of the week and the s and p but thank goodness for my tbt trades because over the last two three weeks i've really done really well the tbd is tbt is the opposite of the tlt though sure um so i've i've done really well that's saved has saved my bacon but when you just made this comment now recently about the tlt i just pulled up a um i guess it's a 15-year weekly going back to at least 10 years go back to 2014 uh and we broke through this low of july of last summer on the tlt and yes we have possibly look look for a um you know look for a reversal so i'm actually i've actually hedged my tbt's right now i i like that i like that very much if you look at the i don't know if you can see the monitor now but we'll do one here together this is uh this is going back since october we've made the 1.27 expansion and we've also if you look at this on the daily basis this is exactly like what we're seeing in the bonds you're looking at an abcd pattern that completed today at well hasn't completed because oh wait it's drawn wrong just a second this thing is so damn sensitive larry you've got to hit that chart thing again because i don't see it hold on we'll just give me a second here yeah it came with it wow it came with a 10 cents of the actual let me see if uh hold on i'll ask tf and oh you know what the problem is is that i have i think i've got to reshare it so stare with me here my friend okay and i'll get this up here and we'll get this moving pretty good i think it will get the screen one hopefully god bless us everyone as to tiny tim would say okay there is the chart there's your pattern here uh this is this is i wouldn't be short this thing if they let me trade for free look at this look at this uh jim this is really interesting i'm going to do the time sequence on this from the high down to the low was uh 22 trading days so if that's the case of the ab leg the cd leg should do 22 days too so we'll just measure it over from the high down to the low that is an amazing chart by the way yeah well it comes either today or tomorrow so watch that i'd be really careful being short the bonds very shortly here because uh they're coming in all this is is a rally jim you're looking at one of the most bearish markets we've had in 30 years and it's going to stay bearish you might even get a huge rally in this but trust me this thing's going lower other words higher interest rate this is just the beginning they're doing it people people are spoiled it you know they keep thinking that oh well you know the economy and people can't sustain five six uh percent but you know that that back then five six seven percent was a great deal 10 percent on the 30 year fixed mortgage was a great deal and and that that is the normal not the three percent the two and a half percent on the 30 year fixed that people have seen and i it just makes me wonder about these like insurance companies and the pension funds that have you know they stocked up on the 30 year bonds and they got their three and a quarter and they're three and a half percent and now the big loss 40 percent in a real short period of time yeah there's some trouble working there that's that's the real underlying problem that's out there i think so how's real estate moving down there in florida um well everybody's coming from new york or new jersey or uh canada kid or illinois and and even people from california they're they used to go towards vagus they used to go towards arizona and stop in austin texas and now they're making the uh the leap from california all the way to florida yeah uh we've got a pretty great leadership here and um you know you can walk on a beach without a mask yeah without getting mugged do most of the time most of the time now unlike failure in york or chicago that's always swept under the uh that's pretty tough that's for sure fortunately we haven't had these splash mobs that show up all of a sudden because they've got a calculator and i know if you uh what i saw that i saw these young kids but if you know this is it's eight hundred seventy four dollars you can don't even have to be worried about being picked up or post bond so great very sad situation we won't go in that cell no no otherwise i can't take your calls anymore partner um so i'm well here's a quick question what how do you use your afternoon go do you take a nap you'd eat lunch do you get some fresh air i wait yeah you don't use the golf course real simple i i get up i get up at four in the morning use between three and four usually three thirty four o'clock i go to bed at ten i sleep about five or six hours i prepare i already prepared what i was going to do for the day a double check to make sure everything's doing what i think it's going to do then by about six o'clock i've got a little bit of a break right before the stock market opens that's when i have my breakfast and i usually have a i only eat three things i eat either cowboy bacon i eat that twice a week that's just two strips of bacon looks like beef jerky but it's delicious i have oatmeal two days a week and on the sixth day i have uh bacon and eggs i have one egg and two strips of bacon and one piece of toast that's my i don't change it ever i that's what i eat all the time so and for lunch for lunch i eat lunch around 11 30 and i'll have just a very light lunch and i don't even eat dinner i only eat uh basically uh two meals a day is all i eat i have a piece of fruit or something or maybe a piece of toast an evening from hungry but i don't really popcorn is my biggest thing i i love popcorn all that in the evening but that's not you're just plain popcorn with no butter and no salt it's rather dull but i like it so that's that's the way to go that's the way to go so you have a you have a great one jim thank you so much for the kind words and i'll get this 20 out to you as soon as i can okay i'll i'll look for that check in a mail i'm waiting for i'm waiting for the fifth race in Gulfstream to come in on Thursday i'll let you know okay you bet we'll be right back folks 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 tomyo brian 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 like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal chapman in your inbox every day first time subscribers also get a 30-day money back 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to the Fibonacci 24-7 newsletter today tfnn.com educating investors tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and tigers for just one dollar 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 don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv okay folks we're back and we have peter from park city utah all the line peter how are you doing today my friend hey great larry hey i know you only have a second but uh and watching the market today i'm starting to see a lot of uh divergences that i think should set up for a rally i mean you got bonds in the euro putting in new lows while you've got the stock market you know the es is you know 40 points off the bottom still and i think that's kind of like confirming at least as i look at this uh that the euro is about to bounce the bonds about to bounce dollar will correct a bit am i right in this reading well between the two of us one great mind is speaking the right way and i think it's you but i've looked at that tbt i've got it up here now but that's a perfect abcd up here just like the tlt was an abcd to the downside i see the same thing in the bonds i think we're getting ready for a rally uh you're right we are 40 handles higher you know in the s&p and the naztac is even a little better than that so that's telling me that we're really getting ready for a rally the bonds are so oversold that they got a rally someday just for some fun you know yeah no i mean they've held last week's lows uh both in the uh bond and the euro at the moment so and the dollar is kind of teetering with last week's high so it looks i mean the divergence has looked to be there all right i just had a moment and i figured i'd give you a quick shout thanks for any time my friend i enjoy talking to you i certainly do so call anytime peter all right we'll do i bet okay folks we're almost ready to wind up with nick show is peter bruno from wall street week he'll be up as for tfnn and i'll be back with you tomorrow and our guest tomorrow folks will be bill meridian he's going to be starting the whole show so don't miss it it'll be a lot of fun tomorrow so live every day in an attitude of gratitude and may god bless