 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 727-445-1044. Now, Larry Pezzavento. Okay, looking good. Billy Ray feeling good, Lewis. Let's take a look here at the German Dax. But before we do that, we're going to have Norm, who calls it to the minute, Winsky. We'll be on at 9.30 as usual from Astro Trend down there in beautiful Naples, Florida. And now we'll move on to the Dax. You'll notice that we made a new high up there and then reversed a little bit. Folks, the reason why that chart is important is because the gentleman that sends that to me each morning is an expert tape reader. He watches the markets, how they attack certain support and resistance points. And if they don't go through, he immediately will put an order in knowing that there's not a lot of by stops there. And then it gives him a very, very low risk entry point. Now, if it goes through there and really blasts through like we did in some of these other things, like the bonds and a few of the others, then that's totally different. You can't do that. But if it just gets above those levels and doesn't do anything, that just means that the, you know, the market just hit that area and then it turned around. Also, folks, I've had questions about stops that, you know, these markets should go to those stops. Believe me, they're not looking for your stops on 100 shares of Procter and Gamble or something like that. That just doesn't happen. It just happens to be the normal flutter of the market if you're going to get filled there. Stops are placed for protection. You should use them because if you don't use a stop, you're telling the market that I know more than you and we know how that ends. So just make sure that you have to protect yourself. Now, some people can do this, and I do this myself sometimes, is you don't have to have a stop in the market itself. You can have a desktop, but boy, you have to have the discipline to execute that desktop because if you don't, you're going to be trapped in these things and then you get in the situation where you're going to be wishing you were in a market or out of a market instead of being in. So you've got to be really careful there if you're going to use a desktop. New traders should never do that, in my opinion, but experienced people that have read the tape and what I mean by reading the tape is watch how markets move around highs and lows. See if there's any buying or selling there because if there's buying, the market's going to go through there very, very quickly and that's really what you're trying to do. If you're interested more about that, the really good book for it is Reminisances of a Stock Operator by Edwin LaFever, written many, many years ago, 60, 70 years ago, I've read that book 50 times, but he talks about that, that you see these prices and they go up there and there's just no buying there. If you remember that, let's just do that right now since we're talking about that, dollar index, if you'll recall, is right here, you'll be able to see the same situation. This is when the euro was down there trading down at the 112 level. Notice the, if you look at it really closely, you'll see that 61% retracement or if you go to the left of that just a little bit, you'll see it hit it three times and we went above it and what we do, we went above it by one tick and then the market reversed. That told you pretty much that there was not much buying there, there was no buy stops, no one was afraid of that. In contrast, go back and look at the period of 2014 when the market took out those highs at the 82-50 level, it went straight up and also when it made its final high where you see the head of the head and shoulders pattern, you see how it blasted those highs, that's what you're looking for. So you don't have to, you're not going to get the high tick, you forget about that, but at least you'll know that there's not a lot of buy orders or sell orders at that point. So that's the key to looking at this from using stop placement. So I hope that helps as it was a hard lesson for me to learn but by golly, it's been okay. Let's talk about the gold market. No, we have a question this morning about Bitcoin. If you'll bear with me, we want to answer all of the questions that we get. If you'll hold on here, we'll put this up here. You'll see here that we have Bitcoin has held those levels. We're still really having gone anywhere. We really need to get above 4300 and then we could head up to 8500, but I don't think we're going to see a runaway thing to 19,000 in this right away, but that's I'm very good at guessing. So let's pay attention to that. If you have an interest in the Bitcoin, I follow it each week. Never trade it but follow it. That's basically it. David White is telling us that the Deutsche Bank is up 3% today. They're in negotiation with Commerce Bank. That's like two arsonists being handed gasoline because Commerce Bank is only selling for about $7 a year and Deutsche Bank is about $8 a year, but they both need help. Hopefully they'll put it together and there'll be enough mandates in the room so the stocks will go okay, but Deutsche Bank has got some real serious problems folks and that's a key thing to remember. Folks, if you don't remember anything about what we do here at TFNN, especially on my show, I want you to remember one thing and this is so important because this is a rule to forget. Hold on one second and I'll get it up here because every time I look at this Deutsche Bank chart I have to laugh because I thought it was incredibly funny and we'll get it up here so we can see it. If you go back to January two years ago, let's get this up here, they had a post-Christmas day present for all of the people in Deutsche Bank. It came out right at the end of January and they were going to offer to Deutsche Bank stock for a 35% discount. It wasn't that nice. It's 20. They gave you a 35% discount so you're going to buy that thing at what? A 14 and look at it. We went through there like it didn't even exist. Look at the left-hand side where the high was in March folks. Look at the high in January. You see how it just went above it about 20 cents or even less in a $20 stock and then look what happened. There was a perfect example there where there was nothing there at that point. That's a key thing to remember. Anyway, when it looks like it's too good to be true, you can bet your last penny that it is too good to be true. Pay attention to that. We're trading around 888 right now. We're going to be buying that stock because 888 is the magical numbers in China. It's held. We've had a few higher bottoms now in Deutsche Bank so we could easily get a rally up to 12 or 13 without any trouble at all. That would be nothing more than a 382 retracement much like what we saw in General Electric. Like always my grandma used to say when she used to feed me the oatmeal in the morning when I was sitting in my high chair and she said, remember to find the easy ones. The tough ones are around everywhere. Try to find the easy ones and that's what we're trying to do here at TFNN. We're going to have a little break coming up in a minute and a few minutes after that at the half hour we'll have Norm Winsky in to talk to us about some of the markets that he's looking at. When we get back from the break and when we get back from the break we want to cover two markets the gold and the second one is the Euro. We'll start out with the gold when we get up here after this break so live every day in an attitude of gratitude and may God bless with you right back. 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. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets such as stocks ETFs, commodity futures and forex. 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TFNN has launched our brand new website 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. We'll be right back. We're taking a look at the Gold Market and here again is an example of stop placement. If you'll notice the high on the day and gold in the April gold on Friday was 13 0 5 80 and the high today was 13 0 6 10 30 cents in a contract that's worth 130,000 dollars. I told you there was not a whole lot of buying there. We'll be right back. There was not a whole lot of buying there that buying might come in a little bit later, but it didn't come in at yesterday's highs. So that means something. I mean there was nothing there. One of the reasons why well it was the main reason why I went to Chicago to trade on the floor of the exchange in April of 1982 was the fact that I wanted to see that these stops were actually really placed so that you were fair and that you know they weren't going to stop. So that's what the stops were and folks. I was there two and a half years and I didn't see anything that was hanky panky. If it happened, I didn't see it, but I was watching for it all the time Byron Tucker showed me a few instances of a few games that were being played. But those decks that those brokers held were worth a lot of money. And if they flash what stops were they had the danger of losing money. They had the risk of electronic trading, but it's certainly because of electronic trading. I'm sure there's ways of seeing whether you can do something like that. But your stops are there for protection. You know, that's really what they're there for, and it's protective from yourself folks. And that's the that's the most important. The most important thing at all. But as long as gold can stay below that level, that's a good thing. You know, that's the previous swing breaking through that takes you up to that ABCD structure at 13. 15 still substantially below the high at 13 51. So we're we're still working through some bear market dynamics here, and that would be a major Gartley pattern. If we got that up there around that 13 15 13 17 if we if we do that, but we don't want to go on here to the next one. We want to cover now, folks. Mr. Z's asking me when did I start at Drexel Burnham Lombard started there in August of 1976 right after the the big crop report. I taken two months off to enjoy some a little bit of our and our and Drexel contacted me and wanted me to be a broker. I said I had no idea that I wanted to be a broker. I had no idea that I wanted to be a broker. I had no idea that I wanted to be in the Godfather and they made me an offer. I couldn't refuse. And that's it. I started at the Chicago Mercantile Exchange. I bought a seat at the IMM. I didn't buy a full CME seat because they were 250 and IMM seat was 110. And that's what I that's what I did. Actually, I bought a seat and since I did so much business with Barry Lynn during my time at Drexel in the meats, Barry treated me very, very nicely. We lost Barry a couple of years ago in Palm Springs, California. He was there helping his son open a restaurant and he was helping a woman that was stranded on the on the road there. Palm Desert Highway and he was helping her change her life. He was killed by a drunk driver from illegal from Mexico and he was killed instantly and very young. He was I think he was well, he was my age. See that was that was about but he's about 75 three, four years ago. Anyway, great guy. Anyway, that's what I did. I stayed there until July of 85. I was there three years and then I went out on my own and then I stayed there for a while and a couple years and then I went out on my own. Okay, let's move on to the next one here. Let's take a look at one that this is going to be a real interesting one today for they're all interesting but this is really on the on the watch the list today. Here is the the crude oil market because we're reaching up here to some really strong support here folks but let's try that and then we'll move down into January. Remember that 43 was a 61 percent retracement coming off of $30 a barrel. So that was a major, major support there. You'll notice that we rallied pretty strongly from 42 all the way up to 46 and then we went sideways for two weeks and then we came out of that consolidation area and away it went but look where we are now. You see here, we're going to take six of these bars to make a eight of these bars to make a six times four 24. Yeah, six of these bars to make a day. So we've been up here for a couple days here at this area 5900. So here's a perfect example today is if you if you get about 5900 and you don't go blasting through that could be the completion of that 1.27 expansion. But if you go through there quickly, you know there's going to be another expansion here because there's another ABCD structure setting in that way and it hasn't shown any signs of backing off off as of yet. So watch that one. That's going to be that's on my watch list for today. So we'll just, you know, see what's going on with that now. We had another question about one of the fang stocks. They asked which was the most bullish of all fang stocks in Google. Google has been the one that is the most bullish here. You'll see that we're almost at the 78% level with the market strong today. We could easily get there at 12. Well, that's only up about 30 bucks. We could easily get there at 12 10 in Google, but that's the strongest. The weakest of the fang stocks hands down without any trouble at all is the book. Facebook is the one that is by far in fact, it gapped down Friday and didn't do anything and it's down again today too. So this stock has got a lot of trouble if he gets below 160. But we're trading around 166 this morning. But if we get below 160 in Facebook, then it's got some real serious problems. So we'll see the question about is Mr. Z is asking about softy Microsoft. Is it ever going to work? Let's take a quick look here at softy for Mr Z and see what we've got here. This M is with Mickey mouse. They kept that the New York Stock Exchange kept M open on the on their letters, you know, single letters for Microsoft all those years and Bill Gates never left Nasdaq. So anyway, let's take a look here. It's actually, oh, hey, there's a good one here. Here's here's a real interesting one. Let's take a second. Here's that situation again, where you notice we made a double top from October at the 116 level. We've taken that out and it never went anywhere. Didn't even go a dollar higher folks. So watch softy here because it's trading at 116 10. The high yesterday was 117 58. So, you know, if you're interested in, uh, you know, selling Microsoft products, you know, if you're interested in selling Microsoft products, you need to tape and that's one of those things there was no buying there at the at that new level. So that also happened to be a 1.618 expansion of the move from February down into early March. So there's a possibility there that that could be a double top in Microsoft. I'm not saying that is, but I'm just saying it's a double top. So I don't know. We'll see. Hey, we got Norm Winsky coming up in about four minutes, 877 927 6648 Larry Pezzavento has just started his brand new service Fibonacci 24 seven and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends. Each Monday, you'll receive Larry's written report that provides information and throughout the week when warranted, Larry will send out via charts or videos or both the key markets that he is watching during the day. This will be up to the date active trading information that will help you in your daily trading in Larry's first week alone. He sent out 25 charts, six videos and a full report to his subscribers in just one week. If you're a technical trader that uses patterns and patterns, 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 seven by visiting the front page of TFN dot 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 is a perfect time for a 30 day free trial to this powerful daily trading newsletter. David White's daily trading newsletter offers his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options. David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30 day free trial to David's Facebook page. If you'd like to see the type of newsletter he delivers every morning, then visit the front page of TFNN and you'll find the path of least resistance under trading newsletters for all the details and to start your 30 day free trial today, log on to TFNN dot com now TFNN is excited about our new software charting program, the art of timing the trade charts in collaboration with Tom and David White for Ultimate Trading Mastery System. David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first of its kind program, the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies and much more. The art of timing the trade charts is designed to help you when scouring the markets for stocks for months, searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30 day unconditional money back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the art of timing the trade charts today by visiting TFNN dot com. This segment is brought to you by Think or Swim. For more information just click the Think or Swim page on the front page of TFNN dot com. Well evidently technical problems are keeping us from reaching Norm Winsky, so we're going to move on here and talk about soybeans here. I put up a long term monthly chart here going back over the last 20 years. You can see we've had some incredible moves here like in 2003, 2008 and in 2012. You can see that there was a three drive to a top pattern and look where we are now folks. We're setting at the 78% level of the low from 2006. It's made a beautiful butterfly bottom and we've been this a monthly chart and we've been higher now for eight months in a row. It hasn't moved down considering all the problems we've had with China and the tariffs. That's a possibility of a very, very strong formation. The one thing that we've got going here in the soybeans and in the corn and wheat is that it is universally bearish. With that crop report that we had last week, it tells us that we've got enough grain to last us through the next millennial which is usually three weeks when the weather gets really hot, but you know they're saying that there's just nothing out there and the demand could be weakening if the China tariffs don't go through. So all I'm saying is keep an eye on this because if that El Nino current comes in, it can cause havoc with the crop and you can lose 20-30%. We've never really had a crop failure in these things folks. We've come close a few times but we haven't had one and if we do and if we do then when you're looking at some really really serious really really serious things to look at. You're right Mr. Bill Microsoft did complete that nice little ABCD up at that double top so that's another reason to possibly take a look at it. The fact that it took out that high at $1.1678 in October by 20 cents and didn't go anywhere I mean you're talking about a very very popular stock that didn't do too much so we'll see what's going on with these things but anyway those are the ones that we're really sort of watching really closely remember last week we were talking about the one of the futures up we have questions for one of our futures traders which we have a lot of them there in the room but we were looking at the we were looking at the wheat and what we did is because the market was cascading down so much what we decided to do was to go in and see what was happening with wheat and as you can see from the 20th of February into the 1st of March down to the 12th of March and this is a four hour chart excuse me hourly chart so you've got four days what six six days in between each you see the highs and lows you see the low made there on the 20th the 3rd of March and again on the 12th of March that's a ABCD down you can see the symmetry there and that tells you where you're going one of the tricks for finding a three drive pattern is if you have to force it in other words you have to think whether it's a three drive pattern or not it's not a three drive pattern it's got to be very very symmetrical now we came in today with the market trading it around the 460 level I believe around 458 right now the ideal situation here in May wheat is if we could get a nice three day correction 18th 19th 20th of March 20th of March is the full moon that we have coming in and the following day we have the these equinox we got the spring equinox coming in so this could be very interesting the spring equinox was very very important this was featured on clay tablets from Sumeria wheat traders and Babylonian wheat traders that was highlighted in Dr. Andrews Low's book the evolution of technical analysis and the first 50 pages he talked about the first technicians were astrologers and you know whether that was true or not I don't know but when you're looking at these charts and you're looking at a bar chart the only thing you're watching is the sum total of all the buying and all the selling if there's more buyers prices are going up if there's more sellers prices are going down that's the whole thing to watch now since we're talking about wheat here I think it's worthy to get up to see the long-term picture in the wheat here because you'll be able to see here in the long-term picture you can see the big ABCD coming down and then we've highlighted that full moon where it says March the 20th and then it's also the first day of spring is the following day and that's another one that looks pretty interesting you'll notice that the if you go back into December of last year you can see the market making an ABCD pattern at the $54 $5.44 a bushel level we then dropped $1.20 a bushel into that ABCD structure that we just hit how much more of a rally we're going to know but the ideal setup is to we've had a really nice three-day rally coming off the bottom now if we could get the market to come down into the full moon with just maybe a 61 or 78% retracement that would really be an interesting one from the long side because it would certainly be very very interesting my goodness Mr. Z are the hogs up again today limit up oh dear that one a little bit too soon you talk about leaving money on the table shut the front door and raise the rent let's look at that because sometimes you think you know these markets and you don't but I'll just bring this up here we'll show you the June hogs oh my goodness shut the front door and raise the rent it was up two days in a row here and we'll be able to see here we exploded now when we went through that one and change level which was we bought it at 73 we bought June hogs at 73 and we got out of them at 80-55 we made seven points and then the next two days limit up each day three points left six points on the table and hey you know you have a choice that you can take part of your position off or you can take it all off all I was doing was looking at what we had made in a very very short period of time and I had to make a decision of whether to keep my position or to take profits or raise the stop and I have to make that decision and I did that one was wrong but you know it still made good money but look at the money that I left on the table remember those four fears that everybody works about those fears that are not even fears you know the fear of losing money you do that all the time that's what trading is all about the fear of missing out and then the last one the fear of leaving money on the table that's the silliest fear of all folks because the only person that doesn't leave money on the table is the person that gets the absolute low or high tick and his name is Tom O'Brien I don't know who does that but very few people you know get the higher low tick but it doesn't mean anything when you look at your equity run you know they don't even have those anymore but when you look at your equity you can see that oh gee it doesn't have an asterisk there say wow this is the high of the day this is the low of the day it doesn't mean anything so it's all about the risk control it's not about the money you make it's about the money you don't lose and once you do that you're going to be far better off than if you try to figure out where you're going to get the warm son of a gun I'm a little worried about him because he's never off track so we'll see alright we're going to come up here we've got another break I wanted to cover another one of the futures markets that we're looking at because it's another idea of the things that are interesting and that is in the heating oil market I wanted to bring this up to you and I'll show you the daily heating oil here at the 50% retracement level but when we get back I think you're right I think he's been abducted by aliens probably from the planet Venus Maria you're right welcome back Maria we've missed you 877-927-6648 if you're in the CD market and looking for a secure investment the Tiger First Mortgage Program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida and other country zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a 4-year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal 4-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the 4-year period a $5,200 investment in the Tiger First Mortgage Program would give you $3,500 per year or $14,000 over the 4 years what should you prefer? $6,200 or $14,000 of interest on your investment if you would like more information about the Tiger First Mortgage Program you can call me at 877-518-9190 that's 877-518-9190 no matter what kind of trader you are 2018 is a great time to try out a subscription to Tom O'Brien's Gold Report plan on diversifying your portfolio with some exposure to gold and gold mining equities or you're a gold bull that sees 2018 as the year of commodities now is a great time to sign up for the Gold Report Tom O'Brien publishes his Gold Report every Monday morning before the market opens and covers a variety of topics including gold, silver, platinum copper, the XAU and HUI, the dollar bonds, South African rand as well as more than 20 actively traded mining equities start your 2018 off with a bag and sign up for the Gold Report today the Gold Report is a long-term newsletter where the focus is on building real wealth through the management of a successful portfolio of gold stocks for all the details and to start your subscription right now visit the front page of TFNN.com and you'll find the Gold Report under investment newsletters will the S&P 500 continue to climb gold trades on U.S. large-cap stocks in either direction trade SPXL SPUU or SPXS directions daily S&P 500, bull and bear leveraged ETFs direction leveraged ETFs an investor should carefully consider a fund's investment objective risks, charges and expenses before investing a fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a fund's prospectus and 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 for side fund services LLC and level C ok i'm back folks i posted the chart of the heating oil which is one of the components of the crude oil cracking of the crude oil into products of heating oil and gasoline and you'll notice the heating oil has been going down and the crude oil has been going up heating oil has been going down that brings to the you want to sell the weakest contract and buy the strongest. That's out of Livermore's book, Reminisces of a Stock Operator. But if you'll take a look at this here, you'll be able to see here that you see the 3 drive, the 135 pattern, lower tops. Now remember we're making higher tops in the crude oil. So that's why we need to watch that 95 level very, very closely in the crude oil. Because if it takes that out and doesn't go anywhere, that's an extremely low risk trade because you're dealing with a contract that's worth $59,000 and you can trade it for just, you know, probably around 400 bucks. So that's the ideal situation if we get that. We've had a request to take a look at Copper and we will, but I need to do the Euro because I said I was going to and I haven't been able to do it. Let's get this up here to take a quick look at it. Here's where we were Friday. Okay, I'll do that Mr. Z. You'll notice here in the Euro, we got up to 13, 113.55 last night and we took out the highs of Friday by a little bit. We're now trading at 113.44. Haven't really done anything. I'm watching for a 382 pullback in here because this has got a real chance to have something really big happen. You need to know what that first retracement is, folks. And because if it only is a 382 retracement, which would at this point would be down 80 pips from the high, that would really be an interesting one because you right out of 382, really strong possibility that that three drive to a bottom pattern from January through March is very, very important. And especially since you'll look at that low price down there, 111.75, that was the exact to the tick 61% retracement from several years ago. And here again, you took out those lows by seven or eight pips and the market went nowhere. And then look at snapback and it's rallied over 170 pips without hardly any trouble at all. So watch that very closely here in the crude. We get down to that real key level at 112.80. Anything below 112.80, the jury is still going to be out. They're going to have to have more time to consider what's going to happen. But right now, watch that closely. That'll be a 382 retracement. And if it does it, and if it does it in ABCD format, then you'll be able to look at it. Okay. Okay, someone here says, if Norm does not show up, would you be okay to post his page with the upcoming events? Yeah, I think I could do that. I can do that. I'll do that right after the, I'll do that. I'll post that upcoming events page for you folks. This is highly, we've had Norm on now for four years. This is the first curtain call that he's missed. So let's let's hope that he's okay. I chatted with him this morning by Skype, so I know he's all right. Well, he was at the time, but as we know, things change in the world of this and that. All right, let's get this copper up and we'll take a quick look at it here. Here's another situation where copper has had a two week correction and can't even make a 382 move down, folks. So this is a, it's very, very interesting here in the copper. Let's get this up here. Take a quick look at this here. Alrighty, there's the copper. You'll see we made a 50% retracement here two weeks ago. We're now down two weeks. We've not been able to correct anymore from 297 down to 288. We've made that double bottom there. We're trading at 292 right now. There will be some pretty strong resistance, I believe, up around the 61% retracement, which is around $3 a pound. So that's an interesting one to watch too, but we did have a beautiful double bottom. Here again, folks, if you know, this is just one example after another. Look at this example here. We make a low in August of 255, right? Then we make a ABCD pattern and make a new low at what, 253.5? Are you kidding me? A contract that's worth, what, $20,000 and it makes a lower low by $100? I mean, there was no selling there at all. Look what happened. The market exploded. It rallied 10 cents a pound before you even had a chance to get in. So watch those old highs and lows. They're there for a reason. It's just supply and demand, but that's what you're looking at when you're watching some of these things. So, you know, this has been a 10-day correction and copper hasn't gone anywhere. That's certainly not a bearish pattern, folks. There's no, I mean, it's downtrend, of course, but has no sell-off. I mean, it really hasn't given the fact that it had that, you know, big move up from 254 up to 297. It's backed off very, very little. The 382 on that brings you down to around 282. So there's 10 cents support lower in copper from where it's trading right now, which is 292. So I hope that helps. We'll keep a close eye on it, if nothing else, as we always do with these things. So we'll watch it here. We've got a brand new high, recovery high. We're not in a new high ground yet, but we just made a new recovery high up here at 2838 here in the E-mini S&P. It's acting relatively well. Gold continues to move down. We got down to 1304. In the gold, the high's been 130610. And then we'll see what's going on here with that. The bonds, we have a lot of resistance at 14618, but that's pretty much what we're looking at right here. We've got Mr. Z on the line. What can I help you with, my friend? Mr. Pezzavento, I thought I would ask you a question about real-time markets and draw upon and ask you to draw upon some historical experience you have had dating back into the 80s, be it 82 and 83. Specifically, Larry, I wanted to ask if you would comment on the live hog futures contracts. As you showed in your daily chart just posted, the June hog contract has surged over, I guess, even the last nine trading days. And just to put some meat on the bones, the prior contract high for that June contract was 85.5 cents. And that was made last Thanksgiving or so. And the rally that has occurred the past three days came from well under that level, extended over that for the first time on a closing basis just Friday, which was limit up at 86.5. And then this morning, as is not unusual with a limit up market, this morning's open at 9.30 a.m. was higher. But after opening higher and the high up at 88.8 cents occurring in the first minutes, we are now three cents under. So clearly, there's some group of players were ready there to sell. And I've heard you comment, Larry, over the years listening to you here on TFNN. I've heard you talk of situations you were intimately involved with, whether it was soybeans or pork bellies or something, where markets had gone up and up and up and the news was bullish and then the price action didn't respond to the bullish news. So my question is, can you just share with us, I'd like to listen to you, just kind of freewheel it regarding this opening high and now down three cents on the June hogs and what that might more tend. I will bring that up right after the break, 877-927-6648. 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 too. Sign up today. If you haven't checked out the newsletter's page of TFNN.com what are you waiting for? All of the TFNN newsletters are informative, up-to-date, affordable and must have for every trader looking to gain a competitive informational edge in today's markets. 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Later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and 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've been talking with Mr. Z from our Tiger Den here in Philadelphia and we were talking about the fact that the hogs were limit up two days they would close limit up on Friday. They opened slightly higher today and then broke three cents which is over thousand dollars. The only way you can take advantage of that folks is to see what the opening call was you can get that from your from your machines they'll give you an idea where the bids are and if it's only up a little bit it might have been called two cents higher and if it only opens up you know .8 cents or .2 cents that tell you there's no buying there and then when the market reverses you better have your order in there because you know too many people have been long and now they could be trapped from the short side we don't know that but in order to take advantage of that the only way you can do it is be prepared for it by watching what the tape is going to do because it could have opened a dollar and a half to two dollars or even three dollars higher because of the fact that it was limit up but when it doesn't do that then you have an idea that well there was not a lot of buying there and then you can see what happened it broke well over a thousand dollars in a matter of a few minutes so I will find out what's wrong with the norm I'm sure I will I hope I will anyway and we'll try to post the key times that he was looking at for today and tomorrow maybe we'll have him on Friday of this week and see if we can get him on then if we possibly can but I'll do my best to track it out highly unusual that he didn't make the call this morning keep an eye on three things folks the euro we get above that one thirteen seventy that's very very bullish keep an eye on the crude oil at fifty nine dollars a barrel and also keep an eye on that gold because if gold can get above thirteen thirteen oh nine it's got a really good chance to complete that abcd garley that's up there around thirteen seventeen also the s&p if we make new highs and don't go anywhere then that's a possibility of a you know a market moving right now which we did we got up to thirteen excuse me twenty three thirty eight so it's still going higher nothing to do there but uh the three that i'm watching of course are the euro the crude oil and the gold those are the ones i think offer the best so live every day in an attitude of gratitude and may god bless