 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 hold on with me one second folks. I've lost a Photo that I wanted to put in to the Daniel. This is the Front page of Barons this week if you notice June 12th and he's saying they're letting the bowls loose folks I know this is the third and it's still going up and I go up for the 13th 14 15 16 17 But if this turns out to be right, I'll be shocked and believe me I get shocked quite often But they have a tremendous and I have nothing against Barons. It's just statistically It's just like being on the cover of Time magazine. You get your face on the cover of Time magazine folks. It's Usually that's a high-tech. So anyway, let's just keep a quick look at that Now I've asked several people have asked me what in the world is going on folks I will try to give you my two cents worth and if you pay more than that You will have to be able to overpay and just about everything else you do This is the one that's been running it all. This is the June futures for the Nasdaq I want you to see you can see where we were here we came down and we made a perfect 382 retracement and Then we came down and we made another perfect 382 retracement and then we busted out to the upside And we're still going higher the 1.27 on this measures to 151 We are trading there right now, but the higher level here the ABCD goes to 15400 in the Nasdaq and it could certainly get there without too much trouble I'm just an ABC. I'm gonna post this up here because this is what I do folks I'm just like old curly, you know, Jack Balance's picture up here. He used to come into the Drexel office Wearing his suit. He always had an open collared shirt with it But the girls would love to see him do one-handed push-ups and he was in his 60s then and He was just incredibly Personable and he's got that gravelly voice, but you talk about he could have been a comedian He was so funny, but a real stand-up guy Anyway, just one thing folks. I base everything on what I look at as looking at charts You know, do I break the bank? No, do I make a pretty good living? Yeah, I do and I knew that back in 1982 after being with Drexel for all those years I knew that I could sit in front of a machine and make money just by looking at these patterns And that's what I try to do. I'm not gonna get them all but I'm gonna get some of them getting back to the stock market I want you to take a look now. This is the E-mini S&P. This is the June. I want to get it up here because this is a very interesting pattern. That's completing It's a pattern just like no other Except it has the possibility of being something really big here today So you see we had the big run-up this morning. We had the pullback. There it is It's just 61% retracement and now we're looking at this ABCD forming right now. I just saw a new High is being hit in the S&P. So we're getting really close to this number up here at 41 88 that's what that measures to that's a three drive to a top pattern. Will that one work? I don't know all I know at that point That's where my risk factor comes in and if we get above that by 10 points I risk $500 and I shake it off the best I can and move on to the next one. That's all I'm doing folks I'm just following the patterns as I see them. I'm not trying to predict the market I gave you know some people I can give some pretty good ideas what it's going to do sometimes But frankly, I'm not in the business of predicting in market folks I'm in the business of trying to make money off of these patterns And if I see one that looks good, I'm going to take it Yesterday if you'll remember let's switch gears here because someone's asked to take a look at the natural gas again Yesterday when we were looking at natural gas We were showing you That yesterday. Yeah today is Tuesday. Yes. Yeah Tuesday is followed by Wednesday There there was the support that was supposed to come in right about here We talked about that right there at the 220 at 217 level That's exactly where it was supposed to come in so all we were doing when we were watching that pattern I'm just going to bring up that Something's wrong with the computer today 220 not 217 hold on just a second here And get this up here. You'll see that the low came right down To the to 220 level there it is. There's that same line You see how it came up and backed off one more time and now we're trading up into this zone right here So that's all that is it's just a pattern trying to tell you that hey This might be a place where natural gas is going to be forming a bottom Also, if you remember yesterday Because we had Tim on Tim Ordon on the show on Friday and he was talking about the coming weakness in crude oil We were talking about crude oil So again, all I'm going to use is Curly's approach try to do just one thing And if you look at this the one thing of course are the ABCD patterns You can see them all forming down right here and of course it could go a little bit lower, of course But it didn't it's rallied Just about 4% today were up almost near $70 a barrel little almost $3 a barrel below where we were When these patterns completed and that's all we were there's no news involved with this because I don't listen to the news I don't read the news. I just look at the patterns and try it I know it's as boring as heck for most people and you know folks. I've been doing this since 1959. Well actually since 62 Senior in college is when I was really getting involved into the trading quite a bit But I traded a little bit, you know every year for small amounts, but still having fun doing it But been doing it a long time and I know it's still exciting to me. Do I get bored with it? No, I don't get bored with it I get a little frustrated with myself as we all do when we're trading, you know the only way You know people always well. I miss the high-tech. I miss the low-tech The only person that gets the high-tech at the low-tech. That's a very very rare occurrence Yeah, it might happen once in a while, but most of the time you're going to be diddling in the middle That's what you want to be looking at and that's nothing wrong with that But what you want to do is to be able to have a strategy that tells you whether you're right or wrong And that's what ABCD patterns do because when you start going below D by very much There's trouble in River City and you just got to get out of the way I'm going to show you a next chart here. That's we've been talking about it for three days now And we're the beepers went off on it today And that's our good friends up north here the Canadian dollar We have just taken out the lows of the last three months today folks Now keep a close eye on this because if this thing does not go down It's all this is doing is getting ready the last people that we're buying down in here and look how many days in a row This thing has been going down. This is a very very oversold market And now it's cleaned out all of these stops and it's only trading a few pips below these stops Folks this thing should have and it might it might later This thing should have collapsed and should have gone off the bottom of the chart so far but it has not so this has the potential of being a triple bottom and You know look look at the count the highs to the lows This high to this low this high to this low we got time and price squared also. Hey gotta pay a few bills We're gonna be right back eight seven seven ninety seven six six four eight We have exciting news Tigers this June Tim ward of the oracle will be hosting two webinars providing insight into his renowned market timing Methodologies on June 8th Tim will delve into the SMP 500 teaching sentiment indicators identifying market bottoms and divergence and so much more On June 15th Tim pivots to the gold market taking a look at cycle analysis ratio studies advanced decline indicators and other important tools for analyzing this sector sign up today on tfnn.com 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 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 it 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 looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a Frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive Informational edge you need to succeed These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free With our money-back guarantee at tfnn.com tfnn educating investors Toll-free at 1-877-927-6648 Internationally at 727-873-7618 Okay folks the chart that I've just posted here is a chart showing you the explosive move we've had in the NASDAQ People coming in to buying it now the comment on this was the more there's more longs than short folks That for every long there's got to be a short. It's an auction market. So I don't know where they get this Thinking behind that but for every long there's a short So as the logs are in control here because prices are going up, but someone is shorting into that and That's what you have to find out yourself and these figures are very difficult to you know To really understand because remember folks where every buyer there's got to be a seller So someone is selling up in here look how crazy it was to be a seller up in here Yeah crazy like a fox because once it rolled over you can see it comes down and course markets drop faster Then they go up and the reason for that is that fear is a greater Emotion than greed and course Paula Webb will be our guest here in about 20 minutes and she knows that Extremely well, okay now I wanted to cover a couple other patterns here of other markets that we follow This is the foots boy. What's something is really wrong with my with my technical abilities here today I hit the button and the other one thing pops up. This is the 60-minute chart on the footsie As you can see we're still in a profound down trend We are completing a pattern up in here as you can see that's a Basically another ABCD pattern that is happening now if we go over across over to Germany We're going to take a look at the German Dax Looking to wow something is really wrong with my computer I hit one button another button pops up got to love technical stuff folks And now there's the German Dax as you can see we are heading higher with the mat if it follows along With what we have going today. We're still going to continue going higher That's going to be a very interesting thing one of the best traders that I know Went short today, and he went short a little early like he usually is but he said it's either today or tomorrow And we're gonna start a vicious down trend to the upside to the downside now folks I I report that to you because I don't follow what he does I just listen to what he does I look at patterns when I see a pattern Like in that S&P if it gets to you know that 43 88 level the highest men 43 77 Yes, I can trade that because I can put a 10-point stop on it and risk $500 That that's all it is I'm just looking at a pattern some of them work some of them don't That's the bottom line of what I'm trying to do I know it sound like a broken record because frankly I am a broken record when I listen to that Do you remember we were talking about gold and silver yesterday I bring this chart up on silver because it was a Very very bearish chart. We'll get it up here. You'll be able to see You know the price of silver is substantially below. It's around 2380. It's dropped over 60 cents An ounce since where we were yesterday. It's down into this area right here And that was nothing more than a BCD pattern up here at that 50% retracement of that high right there perfect a Bcd and if you did the work and measured the number of bars between the low and the high at a B and The low and the high of the CD You'll see that it came in as of yesterday and that's when we had that small rally and now It's breaking to the downside Also, one of the things that we talked about yesterday was that cattle market and we said watch this because If this I bring this to your attention because whether they work or not really means very little the fact that they do work some of the time But don't work some of the other part of the time But they bet they work better than 60% of the time 40% of the time to fail this was cattle This was highly indicative of a market in cattle It should go lower and it went substantially lower today down another couple cents. So that's all that is It's just pattern recognition swing trading just watching certain patterns that have certain probabilities And that's what you're looking at if you remember folks. We talked about oil and Mike Moore just but here's another one of the US oil chart This is the same thing in a beautiful color format You'll be able to see what we were looking at here because she had multiple ABCD patterns completing down in this area right here. You can see there's the larger went right in there There's the three drive pattern in the green color and there's where we were we didn't get quite this low We went right to the D point and then it's rallied 4% today now if it's going to be any good It's going to rally 4% today and 3 or 4% tomorrow and 3 or 4% the next day because if it doesn't and if it doesn't Then you know, that's what the real Problem is going to have happen Folks my two cents worth of what's going on in the market relates to this right here I want to get this up here boy. I've got to reboot this thing. This thing is just driving me nuts And that's not a very short trip, you know, hold on. There's what you're looking at here These this is the S&P 500 with 493 stocks in it, but look at the seven stocks. Those are the ones that are graphed here 493 of these are way way below way down in here, but these are the big daddy rabbits Tesla Amazon Google Nvidia ABCO Broadcom Apple Tesla all of those are in there those seven stocks account for all of these gains Now, maybe it's going to keep going that way and it certainly could but when you're looking at this This is completing right now a three drive to a top pattern. There's drive one. There's drive two There's drive three it measures to either fifteen thousand one hundred or fifteen thousand four hundred is what you're looking at right now We've got the S&P's only a couple points away from the high that we're in the September now at forty four at nineteen High has been forty four twenty three the high in the NAS back NAS that has been fifteen thousand one fifty one There's a big one point six one eight expansion staring it to face at Fifteen thousand four hundred so either today or tomorrow We're going to see whether this market is going to we just would like to see a correction to see how it's going To handle the correction. That's the main thing. You remember in cattle yesterday Well, we already talked about cattle don't want to repeat myself over and over again But that's what I'm watching for is I'm waiting for a move down a fast move down And then the 382 rally back at that point I know that my odds of winning are going to be better than six out of ten and the profit potential on it It's three to one in my favor. That's that's what I'm looking at when I'm looking at these charts on a shorter term basis I'm not using moving averages or oscillators. Some of those things work really good for certain traders They don't work for me because they're lagging and I need to be you know spot on Right at the right at the moment of truth. Hold on the the beeper has just gone off Oh, it's the the Japanese yen And we were looking to go short that today didn't quite get to our price eight seven seven ninety 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 O'Brien publishes his weekly gold report every Monday morning for subscribers Consisting of coverage of the XAU HUI gdx the dollar bonds the South African Rand as well as 25 different mining equities with specific buy-sell recommendations The gold report New subscribers get a 30-day money back guarantee. So you have nothing to risk Subscribe to Tom O'Brien's gold report newsletter now tfnn.com Everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing Artwork to patterns in the stock market to stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks You need to pay attention to and you can trust Larry's analysis after all He's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from Larry on market movement You need to act on at any time 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 Subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either Tfnn airs live financial content streamed live on tfnn.com and Tfnn's YouTube channel with Tiger TV live every market day from 8 30 a.m. To 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the World from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help You make the right moves with your money watch online at tfnn.com or on tfnn's YouTube channel and become the investor You were born to be tfnn educating investors 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 Apollo seems to be really busy right now working with one of her clients So I'm going to continue on with some of the other things that I'm watching I want to bring back that chart here To me this is oh boy something is really wrong with my computer. What happens folks is when I hit my Enter button it doubles it flashes and that is not usually what this does So it's a little scary by the way those of you that don't know too much about the geography around here Tomorrow, excuse me on Wednesday the 15th of June we start the monsoon season That's June July August and September for the next four months. We rain just about every day Sometimes they're absolutely torrential other times are just little sprinkles and sometimes it's tremendous lightning and stuff like that when Mark and Paula moved here on August the 16th of 1996 I remember it because It was a day and a date that Elvis passed away. He died in 75 at the I was on August 16th And so I picked him up at the airport and dropped him off at their new house Which was about a half a mile away and I came home and it was raining cats and dogs And I couldn't get into the house because the electric door opener would not open So I was in the driveway, you know waiting for the rain to stop and we had the Largest tree in the neighborhood was in front of our house And it it got hit and it split the tree in half and half the tree Went into the roof of my house into the master bedroom and the bathroom area And it was we must have had three inches of rain. It filled my house up with water folks I had four inches of water all through the house did a huge amount of damage all covered by insurance But that's how I remember the day that they got here So the monsoon start and guess what a miracle has happened technical analysis is Found its way to paula web is in the house paula. How are you doing? Hey, I'm doing Pretty good paula. Guess what I talked to the folks here at the This residential area where we live a casino Catalina del Rey and they're going to give us the clubhouse for a couple of days No charge in october so get ready We're going to put the band together and we're going to have a two-day live trading session And you're an iob in charge and we're going to have rich annison is going to come in as a guest And we'll probably have one or two other guests that'll come in and trade with us But we're going to do two hours two two full days of live trading starting at six in the morning Going through till two in the afternoon And we're going to have more information on that as we get the thing But david definitely have given me two days free. Well, they don't charge very much anyway But you know how nice it is there because we did a couple of those with you and mark before Tell us what you're looking at today young lady. Sorry for interrupting go ahead No, that's all right. Uh, just uh, we're working on updating the website We're going to have a brand new look in a couple weeks We're going to have some new products some really super cool free downloads for traders to, you know, stay focused and that sort of thing and Still working on the books and I hope everybody will just be patient I know you want audio editions of the discipline trader and the complete trader and all our other books Other than trading in the zone, which already has one and it's just a very lengthy project project so finding the right person to Emote our words in the way. I want to hear them You know, it takes a little takes a little bit of time to interview all these people So just bear with us, but we are working on new stuff and In the meantime follow follow me on twitter and You know or ask larry and we'll all stay connected And the only thing other thing I want to say today is Every morning you wake up and it's a new day of trading It's a brand new day to take profit as you see it So ask yourself every morning What kind of trader do I want to be today? Do I want to be a trader that has to be right? Or do I want to be the kind of trader that makes money consistently? And if you do that every morning your results will definitely improve That's right You got to get got rid of the one forget their losses faster than you forget your profits That's for sure if you can just learn to do that I was fortunate because mark wrote that book trading in his own right here in this office for Five years and so I listen to it every day and after Four years and nine months. I finally realized I I better start listening to this dude And then he then you moved him away up to scott stale Listen, I want to thank you for joining us today And we're going to have you on for a longer segment just as soon as you get your Website up so we can go through some of these great products that you and mark worked on Through the years because this is such a mental game that It's really important that people focus on the mental part of the trading I I saw it after all these I've known you 30 some years and I've seen a day after day after day It's so mental. It's just a Totally It's just like sports if you get out of the mental game, you're going to lose and that's same thing in our business right right And I'm sorry about your American hockey league team there in Tucson. Sorry we kicked their ass I didn't even know we had one all I know is the the olympic uh, the word that what is it called the uh museum Not a museum but the uh, where they it's where it's the u.s. Hockey Uh, forget what it's called here. It's in tucson. They can imagine it's tim is going to be 100 degrees a day We've got a hockey team. Uh, I forget what they call that thing But and it's a museum for a college hockey and uh, so yeah, right here Yeah, I didn't even know that it was here. So every time I see that hockey I was watching it I was always thinking of mark and how much he liked hockey he played up to the Till he couldn't play anymore, which is in the past few months, but of his life But god, he sure loved hockey gosh during that uh, and we were fortunate enough to meet the hockey players from the 1980 olympic team god, that was so great Do you realize how long ago that was dear if that was 32 years ago? No, no, no it was oh yeah when I was like 10. Yes. Yeah, that's what I said you were 10 years old. Yeah Hey, listen, you keep the faith and we'll have you on again soon. Okay Okay. All right. Take care. You bet. Thank you pt I'll let you folks know uh when we're gonna do this, but I I like this uh live trading stuff And we will do it here in tucson. It's easy to get in and out of here And we're gonna make it so that uh try to get about 20 25 people And uh, we'll make a really good uh planned donate the money to to a charity of some kind Folks, I want to take a moment here This is the one that really means a lot to me As far as a chart and that's this one that looking at it a little differently with great colors This is the one that shows how these seven stocks are running the market now people Other stocks are being tagged along with this. Okay. Look folks Nine months ago People didn't even know what artificial intelligence was. I mean very few people did. Okay now It's a household world I was playing poker over the weekend and two people at the table Start talking about how much they knew about artificial intelligence And after you listen to them for five minutes, it was a very very Small amount that they knew about anything. So this is going to be a great product. There's no question about that You can see it, but just like everything else It's going to take time and then they're going to have to go through the regulations You don't think the government's going to let them do certain things. Do you I don't think so And when the guy from google got on lomburg last night and said artificial intelligence will cure cancer I hope that he's right, but boy, that's a pretty bold statement You know, they have all the the known proteins already in the artificial intelligence Are you kidding me eight seven seven nine two seven six six four eight 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 in 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 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 looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years A frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the market's open to give you the competitive informational edge you need to succeed These newsletters are packed full of tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free With our money back guarantee at tfnn.com 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 You or labd Directions daily s and p biotech three times bull and bear etfs Visit direction investments.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 eight six six four seven six seven five two three 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 Folks and I have a guest on the line jim from palm harbor florida. Hello Jim are you there? I think we've lost jim. I heard the uh, maybe he'll maybe he'll call back. I think he will so Uh, he probably hung up maybe got tired of waiting, but we'll try I posted the chart up here Of the gold folks. Uh, this is a four-hour chart as you can see here, but we have a Really interesting abcd pattern down here about a hundred dollars lower and given the way some of these markets are jumping around Uh, you could easily do that. You'll notice that we've made lower highs Through here today, of course, we've taken out this low, which means that's below the 19 57 level. So we're still moving down That means we're only about a hundred dollars away From this level now, there'll be some strong support here at 1946 1945 of course That's the abcd on this little move here, but below that you'll be looking at folks if they gets down there at that Below eight around that 18. I believe it's 1865 Well, that's the end of the civil war The we that'll be a monster abcd at a 3a2 on the long term weekly And boy, you have to take a look at that. That will be a really really interesting I have to tell you a funny story folks, you know being from india and I always say, oh boy Oh boy, look at this and oh boy. Look at that. Isn't that good? Well, I was I went down to grady memorial hospital to try to get the keffelin on the formulary and I Was raining like heck and I got into the taxi cab at the airport to take me to the medical center And I got in and I said to the cab driver says boy, is it raining? And he was a black cab driver and he reached around and he grabbed my tie And he pulled me says, don't you ever call me boy? And then I realized that, you know, I was in the deep south, you know, tarot's not that far south And I told him I said gee, I I say it by accident. I said I I didn't I certainly didn't mean that in any way And then he realized that, you know, I was just an old country boy from Indiana and then he apologized. I said no, I said there's no reason to apologize I said I could see where you you took it a little differently. So Anyway, that's how I keep saying boy this boy that but that's how I grew up. I'm not going to change I've been through those changes before and I certainly have not done anything differently over the last A few years. Anyway, the silver and gold. That's why they still look lower folks treasury bonds and treasury notes are going to go higher There's no, you know, all you have to do is think about this Debt thing that came in they have to the only way they can get more money is to create more debt It's just like if you're if you have a credit cards that are fold up and they're giving you credit cards in the mail all the time It's the same thing. That's exactly what the government's doing in the simplest terms That's what's happening. So that's that's why interest rates will go higher and all they're doing is deflating the money It's exactly what they're doing. Okay, let's keep keep that in mind very very It's not hard. Let me get back to that s and p because we're getting really close To that level here and remember this is just a short-term trading pattern I might not I might if I get filled I might not be in it for more than Four or five hours. I don't know because I'm only going to risk 10 points Let's just get this up here and see how it looks on this is a Short-term pattern here in the this is all of today's action You can see there was the early morning low the market rallied up it pulled right back to a 61 percent retracement right there Okay, and now we're in the process of making this a bcd Pattern, this is a butterfly up here at uh 44 Excuse me 43 88 All right, and we're 43 72 now high 43 77 now if it's late in the day I'm probably not going to do this but this number is going to be In place unless we take out one of these numbers which are down here And and you know they have to drop quite a bit to take that out 20 or 30 handles Then that will change the whole scenario, but that's the number that i'm looking at on the short-term pattern That's the one that we sold at 4305. It had 30 handles in it Okay, we sold it at 43 24 that had 30 handles in it This one might have 30 handles in it, but it's just a pattern. That's all it is nothing more Or nothing less. That's why we're watching it so very very closely now let's move on To another question. It's a something that people have brought it back up and Boy, this is terrible. This one was filled today And we'll get that up here and show you this is the euro We've been waiting all week long For it to get there. There's where we were sunday monday here We are a tuesday and we hit it today the high was 1801 22 We sold it at 05 and we have our stop up above 30 So we're only risking 25 pips on that so far it seems to be working. Okay, but again These patterns can stop in a heartbeat and sometimes they're just not going to work and that's it right now It's you know trading 107 88 The other one that we were looking at of course that had a really beautiful pattern to it and we were I know I kept that one in here Oh, I don't know anything. I should have said that because now as soon as I look for it I can't find it and that is the british pound just check your chart on the british pound folks We had a perfect abcd up there at 126 10 trading a little bit below that right now But that was a perfect abcd And those are the kinds that you want to pay, you know Really close attention to because they pay the bills and not only that but the odds are in your favor It's such that you know You got a better than two or three to one payoff with the probability of being right six out of ten times And that is not hard to do or it's not easy to do but once you understand how these patterns work It'll give you a pretty good idea that you know, that's the odd That's the ads that you need to get you into the patterns that you're that you're waiting to see I want to try to find my gold chart on the daily Here it is. This is it coming up here talk on it This is the gold on the long term weekly because this shows you the importance of this number That we have coming up right before that potential 1866 number We want to get this up. This is the really number here folks. This is the one at 1915 You can see you have a perfect abcd there. There's the 382 off of the bottom uh If you can't buy this one folks, you shouldn't be trading because that is a perfect abcd coming in at the 382 of the low down here and it's going to be Just about exactly 61% off of this move right here. This is the one you want to be watching We're only $50 away folks. We could be there today or tomorrow easy So I'd like to see it take five or six days to get down to this level But remember this is a weekly chart So we ought to do at least two or three weeks would really even be better. Maybe 10 days I remember chris carillon the fellow used to work for A prector for a while. He's he's talking about a really incredible Day for trading on the 25th of june. Unfortunately, that's a sunday So you've got to be watching charts on the 26th of june, which will be a really big day I would imagine so we'll have that by the way norm winsky will be our guest On our show on friday always a good guest tomorrow We're going to have stan harley of the harley stock market letter and on friday. I believe we're going to have Mr Mike more more analytics. We're talking to us more about the crude oil because He pretty much hit that bottom right on the money and we're going to see how much we're getting as far as the rally So stay tuned 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 Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Technicals sign up for rocket equities and options report today with a 30-day money-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 in 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 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 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 larry on market movement You need to act on at any time 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 Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors We have exciting news tigers this june tim orde of the orde oracle will be hosting two webinars providing insight into his renowned market timing Methodologies on june 8th tim will delve into the smp 500 teaching sentiment indicators identifying market bottoms and divergence and so much more On june 15th tim pivots to the gold market taking a look at cycle analysis Ratio studies advanced decline indicators and other important tools for analyzing this sector sign up today on tfnn.com tfnn educating investors 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 Folks before we went on a break a jim from paul marver florida called in asking about missing trades and jim I can tell you this i go through it every single day I'm always missing trades. I'm always getting out too soon getting out too late The only people that are perfect are the people that don't trade at all or talk about trading But other than that you're going to miss them all the time mark douglas and this office right here Interviewed some of the most famous traders that you've ever heard of And the one universal truth The one that hurt him the most was missing out if they missed something. They always wondered why that happened You don't have to have a reason folks. It happens all the time. You just have to shake it off And move on to the next one. I take You know bits and pieces if you ever read the book my own story by bernard baruch one of the greatest traders of the 1930s The close personal friend to jp morgan And he say I made all of my money In 60 percent of the move. That's what he said. He never tried to buy the bottom Never tried to sell the top. I'm interested in in the middle That's 60 and that's how he made his fortune So whether that means a lot or not I don't know but it means something to me because you're never going to get all the moves You're going to miss a lot of them and you just got to shake them off. Is it easy to shake off? Oh my gosh. No, it's not this really isn't I'm going to a really rough patch right now because I've lost Three of my dearest friends in the last four months The last was last friday when she's Shapiro passed away I've only got One of my two really dearest friends are left and uh And I tell you Byron's in africa half the time working on a chinese deal for some type of minerals that he works with with the Hong Kong government and other than that. I hard to talk to him. Maybe once a week or something like that So and I always have Al as a friend. That's right. I know that Al Hey, we'll see you tomorrow folks stan harley's our guest of every day In an attitude of gratitude and may god bless