 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. All now toll free at 1-877-927-6648 or internationally at 727-873-7618. Larry Pezzavento. Okay, looking good, Billy Ray feeling good Lewis. Okay, this week we're gonna start off with Simon Lee today at 930. Tomorrow we'll have Shane Smollion. He wants to finish up his segment that we had on Friday. They were unable to finish and then also on Friday we're going to have Tim Boss, Financial Cycles Weekly out of Florida. Also will be our guests. So we have three guests coming this week, possibly one other, but haven't been able to reach him and we'll find out if we will just a little bit later. As you can see, I posted the charts for the DAX and the FTSEE. I both did the 15 minute and the four hour chart. You can see that we're trying to break out to the upside much like we're looking at here in the US market as we come in here this morning with more good news. The fact that the country is opening up and things will be just as good as ever as we see new highs coming as they're telling us on Bloomberg today. Okay, folks, let's take a quick look at one chart that I think is very important because it's in the news and I wanted to give it my two cents worth. And believe me, if you pay more than that, you've overpaid. Let's take a quick look here at the crude oil contract. Now this happens to be the June contract and the reason why I do that is because that's the one that brought us down to that level of $6. You can't really trade June and July anymore. The only thing you can do is trade August and not only that, but many firms won't even allow the trading. There's been a news announcement that came out of China. Mr. Z emailed me and then called me this morning about it. And that was the fact that the ICBC bank has taken such a big hit in this oil thing from the dude over in Singapore that they've disallowed trading in all of gasoline, crude oil, heating oil, they've disallowed all that and they also put in soybeans. And that's the one that is a little troubling to me. That might mean that, well, I don't think it means anything really, but the fact that they put in soybeans there because oil and soybeans are pretty much incompatible. You can't eat oil and soybeans is all protein, so that's gonna be an interesting one. Maybe Sa has some insight into that, but usually when the bank takes a big hit like that, they overreact and that's pretty much what we're looking at. They will get their money out of that, I'm sure, but when I don't know, we'll have to do it. One of the questions that one of our listeners emailed me over the weekend is very interesting one. And he asked about, do the markets really go after your stops? And it reminds me of setting and trading with John Hill over the years and many times, and we used to call it Hill's Law. He says, put your stop in, they're gonna get you at the high tick or low tick anyway, so you might as well take out the mystery out of it. But really, they really don't. In fact, folks, the reason for me going to Chicago to trade on the floor was not to be a floor trader. I just wanted to see if the floor trading was actually fair and equitable for everybody. I wanted to make sure that they didn't see the stops that you had in there. And frankly, they didn't, folks. I mean, I can attest to that. I was there just about three years and I didn't see any of that. So I think something is amiss if you think that's happening. Most probably what you do is you put your stop really close, like you're putting a two-point stop on the S&P or something like that when we're trading at 50, 60 handles on a day. That's pretty hard to do that. And so I would think that you'd wanna be able to give it a little bit more room, but they're not going after your stops. Believe me, when I say that, it's electronic trading didn't change at all, Jay. There really isn't. And many, Mr. Bill's saying that people put their stops at round numbers. You shouldn't do that. One of the biggest revelations that I ever had when I was in Switzerland, once giving a talk to some folks over there, and I had gotten stopped out of like four different things at the exact high of the day. And it was, I put my stops beyond the highs. I don't put them around numbers, I just put them up there. And I noticed that it was at the 1.27 number. Well, it wasn't until about three months later when I met Bryce Gilmore, that it became very apparent to me that I was putting my stop exactly at the 1.27 level. My overall view of the market was correct, but in fact, what happened was it really was enabled. Thank you for the compliment on the newsletter about the baseball analogy. I'm a big fan of Billy Bean, and it was really seeing what's gonna be looking on today. Anyway, that's the main reason is to, you've got to put your stop at it. Look, folks, let me explain something to you, the real simple. A, you're hardly ever gonna get the high tick or low tick. I mean, that's reserved for God, and she only trades two days a week. So you just really can't do that. And remember that these stops are there for your protection, and that's the main thing that you have to do. The other thing that you wanna remember is that you don't know what's going to happen next. And do you know why? Because all ancient astronaut theorists know that that's the case. So make sure that you keep your stops in for your protection, very, very important. I've been able to catch up on all my ET stuff over these holidays, so I'm able to see what's going on in the world of ET's. And I understand that there might be one landing on the White House lawn very soon, but that may or may not be true, I don't know. The site that I use is a little bit off and on, so sometimes they get knocked off the air. And if you believe any of that, I still have two shares of the Brooklyn Bridge. Okay, the $64 question, is gold gonna break out to the upside? If you'll remember last week, one of the things that I focused on was the fact that gold has broken out tremendously to the upside when you look at it in the forms of the currency that you're looking in. Steve Rhodes has done the great deal of work on this. And I think it's really important that you realize that each currency has its own thing, like the Euro, gold is trading, I think at 1850 or something like that. And the Swiss rank and the pound and the end, all of them were just really unbelievable that they've had these huge moves, taking out the highs of 2016 by a great deal. But if you base it on what the US dollar is doing, that's the whole key to looking at what's going on here. Folks, all I know is that they're putting so much money into these bonds and stuff. And of course, the reason why the market is so strong this morning, is the fact that we've had the Japan come in and he said, that doesn't make any difference what we do, we're gonna buy all the bonds available. Doesn't make any difference, whatever the price. And so they basically have thrown caution to the wind. If this doesn't work, folks, we're in big trouble. And that's probably which direction we're going, but who knows? We are certainly living in interesting times as we know, but we'll be able to see what happens in the future. Keep two things you watch very closely, folks. Watch the treasury bonds, because if we can get above that 184 level of the treasury bonds, that means we're probably gonna go to zero rates here. And then also keep an eye on the US dollar, because if the US dollar starts to weaken, that means that people that are buying this stuff want some protection. And that's when you're gonna run into a little bit of a problem. And that could be the thing that makes gold move. But I really don't believe that there's enough money in the world to buy the gold if it starts running. So I don't know, I'm just watching it. It's got a very bearish pattern in gold, silver and platinum, but those could change in a heartbeat and we could be on our way, and then you have to be a breakout. Because if we do break out and we go, we could easily see $2,500 or even $3,000 on gold if it does break out above that 1,800 level. So that's not much of a jump in my estimation. All right, let's take a little break here. 877-927-6648. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. 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I wanted to bring up a chart here that we've showed this before but I think in supporting right now. Look, just because we've got all this debt and look at these, we've had tremendous markets even during these debt cycles. So trade what you see, not what you think and I know that's a hard thing to do but that's what gets you in trouble as you start to think about what these fundamentals might be and boy, I'll tell you they're complex as they can get as far as I can tell. It's not like what it used to be. Years ago, it was just a simple money supply. If M1 or M2 jumped to my goodness, T-bills and treasury bonds would have used moves and now no one even watches money supply anymore because it's infinite and that's what's happening. They're trying to save what's going on in the world and it's very difficult. We've never gone through anything like this. I mean, this is historically something that has never happened before. I frankly, I just look at the numbers and I see the fact that the world was shut down by what a quarter of a million people have died and I know it's terrible, especially if you're one of those quarter of a million. But when you stop and think a quarter of a million people, folks, when you have a planet's got 7.3 billion, boy, you shut down everything for that. I mean, that's almost like, well, it's terrible. Well, I really don't understand it so I better shut up and remove all doubt. Okay, let's move on here to see a couple of other things that I wanted to mention that I think that's pretty good. And then we'll be watching here. First of all, someone's asked me the question, do I think the stock market has made a major top? Yes, I certainly do believe that. Whether it continues to go a lot higher than where we are right now, I'm not sure but nobody else is either. This is a very important pattern that was made up there. We've brought it to your attention many times so there's no reason to talk about it too much but we're seeing some really bad things happening in our banking index. Folks, take a look at how weak our banking sector is. Now let me ask you a question. If you're a banker and you're at one of these banks and they're gonna give you a whole bunch of money, what do you think you're gonna do with it? You're gonna parcel it out? Are you gonna be a little stingy with it and use it to the best of your ability? I think that's what they're going to be doing. I think that people, the government that is sending these checks out to everybody, they think that they're gonna go out and start buying right away. Well, there might be buying food but I don't think they're gonna be buying things like televisions and Apple watches and stuff like that. I just don't think that that's gonna happen but again, that's my opinion and I try not to have opinion, just look at the charts. That's basically it. The key to these markets from a interest rate is you just look at those treasury bonds and treasury notes and we're not very far from zero interest rates and basically that's what Japan said, we're going to zero and all of the central bankers are meeting this week. So what do you think they're gonna be doing? They're gonna be looking at some probably the same thing. So that's it. I remember about five years ago we were giving a speech over in Australia and we were flying to New Zealand and as we were getting in the airport they had stopped all planes to see what's going on. Hey, we got Mr. Z on the line. John, how are you this morning? Good morning Larry, they had stopped. Well, to let all of the countries planes, Germany and not Australia, Germany and France and the US all of these with all the big boys were lined up all in a row and they were each plane was headed out and it was really kind of funny to watch it go. I think there were six of them, this was a G20 meeting but these six planes were heading over to Wellington for the G20 meeting and that's why it was kind of funny. Sarah and I were looking out the window and it was really interesting to see that going on. Go ahead my friend, what's up? Larry, in my life I have been stuck any particular spot and had a presidential motorcade go past with the same deal. I never heard the story of it happening in an airport. That's very cool. Yeah, it was funny. What's your question? I wanted to ask if you could help me please with silver on the intermediate term. Sure. Just by way of background, 75 pick a round number and that was a 5786 level up to 48 and you came down to that 1375 a couple of times. I think it's 16 and maybe in 18 you did the same. So I had traded quite six, that was a bottom and then of course down to 11 and change as you had documented. My question with that background in mind, do you have any and change major bottom and had higher in some particular fashion? Well John, the answer to that is yes, no and possibly. I really, no, I actually- Well no, the answer to the question is we've been in this trading range and the $64 question is, we had a high last year at $19.75 which was the 78% level on the long-term basis. And then on this last rally, we couldn't even come anywhere near that retracement level and when gold was breaking out to the upside and platinum tried to break out and then gave everything back plus about another $300 an ounce. So my assumption is these metals are bearish. And I will stand corrected if we get above 1762 in the gold and the June gold but the open interest is not telling us that it's wants to go higher. So those are just a few of the things that are making me wonder, given all the fundamentals if you ever think of stuff like this back in the old days John when we were doing this 30 years ago you see numbers like this golden be up $100 a day without any trouble at all. But that's not happening now. So there's just not a lot of interest in the gold market and even less interest in the silver market. Now the GLD does look pretty bullish but the regular gold contract certainly doesn't. I like that idea of using 1760 as a line of demarcation that will give you clues to the answer to my question. And I'm looking at Tiger TV and see where you get that number. So it's all clear to me. Thanks for the answer Larry. I'll bid you do and you have a great day. Thank you very much for calling in John and thanks for letting me know about that thing about the ICBC Bank because we're gonna see more of those things I think as some of these banks get a little bit scared of backing even these big hitters because they can really get hurt badly if they're not careful. So that's a real good thing to look at. When we come up to the break here we're going to have Simonly on and maybe he'll give us some insight of what's going on with the farmers and some of the things that are heading on with the market. So that'll be fun to pay close attention to. Now the next thing we wanna do is to talk just a little bit about the grain markets. They don't look very good folks. I don't know if it's going to be either here or there but you'll see that we'll be right back folks. 877-927-6648. Larry Pezzavento watches the markets 24-7 and now is a great time to try out his daily trading service, Fibonacci 24-7. Larry publishes videos and charts for subscribers throughout the week when warranted and every weekend he puts out a thorough report covering worldwide markets, futures, commodities and currencies with Fibonacci retracement levels, possible trading setups and zones and stops and targets for all recommendations included. Larry applies the principles he's developed over decades of trading while analyzing a variety of markets for subscribers. To see for yourself the types of videos, charts and analysis that Larry provides for his subscribers sign up for Fibonacci 24-7 today by visiting the front page of TFNN.com under the newsletter tab. You'll also gain instant access to Larry's archive subscriber webinar from earlier this year. New subscribers get a 30 day money back guarantee so you have nothing to risk. Sign up today. 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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.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. We have Symonly of Sylvia's Financial on the line. Sy, how are you doing this morning, my friend? I'm good, Larry, how are you? Pretty good, we have three questions. The first question is from a listener out in Nebraska and he is asking, are we headed to the dust bowl type of environment with the economy, like we had in 1929 to 1938 in the farming market? What's your opinion there? No, and the difference really is, if we were to allow markets to be free then maybe, right? But the difference is we have the Fed, they'll spend money. So you gotta think, why the stock market up, right? Why are we gonna have the dust bowl? Why aren't these things similar? It's because of the, they'll throw everything at it. Two and a half, three trillion dollars could just be the beginning. So I think what's gonna happen is stock market breaks, we trade sideways, yeah, we go into a six months, 12 months sort of sideways market. Larry, where you don't have growth, you think in the stock market what's happened in the Latin, the first 20% up of last year was just all buybacks. So you correct that. Now you go into a period of sort of semi-deflation, so that's a good question. But the backside of that, actually, if you're a farmer is inflation. So if we open up the country and Bill Gates made a statement, it could take 18 months, and so let's take six to 18 months for this thing to sort of normalize and you don't get big growth back in the stock market. So I don't think you have dust bowl. I think you have deflation or sort of stay inflation for a little bit, then you have inflation. So if you're a farmer in Nebraska, hold on this year, because next year, I think it could get pretty interesting, pretty boldish for you. Psy, there was an article that came out this morning about the ICBC Bank in China, where they are not allowing any trading in any of the crude oil components, heating oil, gasoline and crude oil, and also in soybeans and the soybean complex. Do you have any feeling of what that means or? That seems rather strange. Yeah, that is rather strange. Again, it's the Chinese, I'm not sure what to make of it. Think of it like this, though. It really, it doesn't matter for us because our soybean market is deliverable US, and so what you really wanna think of is we'll try to buy our grain, I think so. I mean, I think they're going to need to stockpile our grain again at some point. Is it now? I'm not sure, right? I think it's gonna be cheaper prices, so they still need to buy lots of grain. Okay, the third question that we have is from a listener in Illinois, and he is asking, where is the bottom in the corn market and what is the cost of production on corn? And that's interesting, I was just looking at that. If you're in Illinois and you're looking at the cost of production, your cost of production is probably around $3.60 to $3.70 a bushel, so deliverable against the D's contract, you're 50 cents under that. So where's the bottom in corn? I tell you, I think corn can continue to drift lower. You look at the May contract is gonna get to about three bucks. Calf porn in a lot of places is $2.50 to $2.80, so you're getting pretty darn cheap. The answer to that question is tell me when demand comes back, right? If demand is half, right, because we have supply, there's two types of markets, supply and demand. Right now, we have enough supply and supply is getting bigger. If demand comes back, you put a bottom in the market. So watch your driving habits, watch the country, it might take three months, don't get me wrong. Normal weather, big corn market, this year you have a 3.5 carryout, D's corn can easily go to $2.80, $2.70, right? Now, does it stay there for very long? I'm not sure. You probably have to get big shorts. Again, I think that's where you have the six month of deflation problem. And then after that, Mr. Farmer, you got to hold on, so protect, protect, protect this year. Don't, it's really hard, but make sure you understand your county insurance, your ARC and your PLC. Make sure you're talking to your crop insurance agent, right? Understand your insurance this year really, really good because that's what you're gonna have to lean on. If you haven't hedged, if you haven't done any forward selling. Okay, this makes good sense. Now, the other question that we have is, is the government helping the farmers? Are they getting some of this money that there's supposed to be these trillions of dollars going out? Are the farmers being taken care of? Yeah, but I don't think it's that much. I think it's like 15 cents a bushel, some of the math I've read. So they're helping them in more of subsidized insurance, these ARC and PLC insurance programs. So I would say that's where the help is coming in. Okay. Well, that makes really good sense. And I want to thank you for coming on the show because I know you're really busy. And I'm glad to help you. Well, we certainly enjoy it. That's for sure. One other question, a sugar. We're trading sugar at nine cents. We were at 17 cents just a little while ago. Is there a bottom in sugar somewhere, Si? No, that's the same problem, right? It comes down to demand. What's happened is we all can see the supply side of the metrics, but when you go look at demand, it's just crushed. So it's sort of the same problem. Tell me when these demand curves change and you have bottoms and commodities. And the other thing, Larry, we've talked about you are in deflationary period, right? I don't think the dollar breaks yet. That's the other problem. Think of exports, think of relationships to other countries, the US dollar does not break. It is sort of a short-term slice of quality. So that's my problem. I think you have six months of the dollar staying strong. Then when you have inflation, the dollar breaks, right? And so you'll come rushing back for a bull market, but that's timing and understanding that is economics master's degree. So here's the other thing I hear people talk about, Larry. It's inflation versus deflation. It's really gonna come down to the velocity of money. When do people get back to doing things? You have to have that rush back. I don't think we're there yet, right? Ask me, I'm not going out. I'm a young guy, I'm 45 years old. I'm not gonna go rushing to the restaurants. Are you, Larry? Do you wanna go out? No way, right? The older you get, the less risk you're gonna take. And that might be a third of our population. So I don't think the velocity of money people rushing back is going to create demand just yet. So is there a bottom? I don't think so. Wow, this is really great information. Hey, thank you for coming on, my friend, and we wanna wish you the best of luck. Stay safe and take care of that lovely family of yours. Thank you, Larry, we'll do it, you too. Okay, you bet. Thank you, folks. That was Simon Lee of Sylvia's Financial in Farm Bureau. We'll take a quick look here at what's going on with the markets. We're still up on the days selling off just a tiny bit. Gold is still under a tiny bit of pressure. Crude oil has just made a 50% retracement there at 1221 in the June. However, remember, folks, you've gotta trade the August if you can trade it. Frankly, if you're a neophyte trader, you shouldn't even come anywhere near the crude oil complex until some of this stuff is rectified. Anytime we see a market that goes minus 40,000, $37,000 is quite a big deal and you don't want to get in the way of it. That's the main thing to pay close attention to because you don't wanna get stuck in something like what happened to that young man over in Singapore because that makes it a little different. I wanted to show this chart of sugar because we are down in an area. Just think, folks, we were almost at $16 a pound here in sugar and we've dropped, wow, 60% making a double bottom down here, possibly at 978. Now, I don't know what the cost of production is on sugar, but if you like double bottoms and you wanna find a place to go long, wait till that bottom is formed that goes back above $10 a pound and then you'd have a better chance. So we'll take a little break here. 877-927-6648. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, four-side fund services, LLC. The Bull Bear Trading Hour with Tom and Tommy O'Brien. Next. Okay, folks, I posted a chart of the commodity research Bureau index. You'll notice that we're down here near a double bottom. And the key word there is potential double bottom. And so what we're doing is watching that. As we heard from Cy, you know, there's a possibility we could see corn get down to below $3 a barrel if there's no demand, and that's possible. From my experience over the years during these times, like W.D. Gann said, the cure for high prices was high prices and the cure for low prices is low prices because that's where you're stimulating demand or rationing demand in the point of high prices. So we just keep watching and that's all I'm doing is I'm waiting to see really clear ABCD patterns, three drive patterns, one, three, five patterns that give us a really good entry into the market. That's the main thing that we're watching. For instance, we had a recommendation to sell the gold up there at that 78% level at 1762. It's had a pretty good break, but basically all we're doing is we don't know what's going to happen next. So we basically lower your stop down to about 1755 and that locks in a small profit. But if we're right, this could have a bigger percentage. So we don't know. The problem with that gold and silver market folks are just no players coming into it. And you really need that. You can see when players were leaving the market in the crude oil, you can see what was happening there. I mean, that's could easily happen in some of these other things. There's not a rule that says that $3 has got to be a bottom in corn. It might be 250 given what's going on in the world. So you've got to protect yourself. Because if you don't, you're telling Mr. Market that you know better than they do. And that's a very, very interesting thing. Since we're on the talk about open interest here, I wanted to bring this to your attention here. Because if you are trading crude oil, it's important that you pay attention to this. Because just about all of the CME firms have disallowed trading now in June and July. And you can see June and July was 750,000 of the open interest. So the only other ones you can trade are August and September. And September is a little bit better to trade. And if you wanted to really get active is watch the December contract for December 20. Now, you'll notice it's trading at a lot higher price. But the one thing that you wanna do is that you've got a big open interest there in December. So that's the one you'd wanna be trading. So frankly, with all the news coming out, you probably ought to wait a day or two just to see how it rectifies. Because we're at $12 here at the 61% retracement. And that doesn't mean it's going to stay there. That's the main thing to keep in mind here. Let's see what the markets are doing right now. Oh, we're starting to sell off a little bit more which was we were sort of expecting that because we made a last night, I don't know if you folks follow these numbers like 618 and 786 and stuff like that. But we made a perfect 78% retracement of the high that we made on the daily basis. Let's get this up here. Maybe we can show it to you folks here. I think we'll be able to do it. All I gotta do is make a quick little correction here and then we'll be able to get up here and you'll be able to see we hit it right spot on and I'll get this out of the way. And then you'll be able to see it. So bear with me here one second. That number came in at 24,000 in the Dow Jones and our high during this time was 23,991. You missed about 10 points. Let's get it up here so you folks can take a quick look at it and you'll be able to see it here. I'm really not watching copper too much Marshall but I believe copper is headed lower. You know what? I do have copper for you Marshall by golly. I should never turn you down my friend. And let's get up here and take a quick look here at copper. And I think we'll be okay here, Mr. Copper. I believe you'll notice here's where we are. This is the weekly and we got up to that 382 retracement in copper at 236. I believe there's gonna be some resistance up there 236 and we'll start to move down a little bit more. Now we did make a 78% retracement here in late March. So that gave the 40 cent run because that was a big ABCD right out of 78% on the long-term weekly. So that was a very, very important number. And frankly, we could even go higher I guess but the way it looks right now, it looks like copper should be backing off and that would give us a better place to enter. So that's the main thing that we would be watching. Well, let's just move on here to the next one here that someone asked about. And since we're in the area of commodities, we're gonna talk about the piggies. This is where, folks, I'll tell you what, I can say with a lot of confidence down the road that's gonna be really hard to get some meats and they're gonna be really expensive. So stockpile what you can, ground beef or ground pork because down the road here, they're cutting back herds. They're still almost giveaway prices for the hides, leather and pigskin, they're almost giving it away. And that was a premium, a premium way back in September and August. I mean, it was selling at a really high premium and now they can't even give it away. So when these markets change, you gotta be able to see, ooh, something's happening here. It was nice to hear Sai talking about the supply is there but there's just basically no demand. And with the Fed pumping everything, they can into the market. What if this doesn't work, folks? This giant experiments of helicopter, banner, whatever it is, if it doesn't work, then we're gonna be in deep doo-doo. That's the $64 question that we have to ask ourselves. And the answer to that, I am not sure of. And you know what? I don't think anybody else is either and that's the real key to what we're looking at in here. I wanted to share with you one other things to mention here and that is, hold on one second here. Let me get this up. It's about almost very close and that's the wheat market. We're getting very, very close to a big garlic pattern in wheat. And then you'll be able to see here that we've gotta go about another 15, 16 cents. This is really important, folks, at 15, 14 in the May wheat because that's gonna be a big garlic. And remember, if you're gonna be buying there, I wouldn't risk more than four cents. I mean, these markets are moving so actively that I would do that. I haven't made a recommendation on that yet and I probably will wait a day or two to see what happens with it. But the wheat is forming, really nice one. The corn trade went below the 325 level. Beans bounced off the garlic for a little bit and then went below it. So the loss on that would have been about a break even or just two cents. So right now we're just waiting the Euro, those of you that belong to the 24-7, we're short the gold from 62 and we're long the Euro from 107.40 and locked in some profits on those and that's really what we're watching real closely. We also still have the short position in the E-mini S&P from a 28-80 and we're waiting to see how that works out this week. We didn't take out last week's highs as of yet. That was very important because of all those multiple ABCD patterns that were there and it was really very, very important. Remember, folks, when you're trading the NASDAQ, you're basically trading Microsoft and you're trading Apple. That's 25% of the NASDAQ. So that's a very, very important thing to look at. Someone's asked a question about the news. Folks, I'll tell you, there's so much news out there that if you try to trade off the news, you'll be long and short within three seconds of each other the way this news pops around. So all I know is it's gonna be different this time and how it's gonna end up, I'm not really sure. So we'll have to wait and see. Tomorrow we got another segment coming up but I wanna remind you that we do have Shane Smollion on tomorrow. And then on Friday, we will have Tim Bost and I have one other, hopefully one of the folks from this foundation for the study of cycles that's been geared up is possibly gonna be our guest on Wednesday or Thursday. And that would be nice because I started cycle stuff way back in the late 60s, early 70s with the old foundation. 877-927-6648, we'll be right back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what the most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability and for the last 12 months, Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, six and three months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. 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Visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page. TFNN.com, educating investors. Markets trading with extreme volatility and peaks and troughs everywhere regardless of what you're looking at in the markets. This is a great time to see the type of analysis Basil Chapman delivers for his subscribers every market day with the opening call newsletter. Basil has been analyzing markets providing his take for subscribers to his trading services since 1984. Every morning Basil publishes an update for his subscribers along with weekend and evening updates when warranted. The opening call provides traders a daily market overview with regard to the direction of the key indices, selective stocks and commodities along with specific recommendations including stops and targets. You also gain instant access to Basil's subscriber webinar archive from earlier this year, a dark cloud cover and essential market analysis. Ride the Chapman wave today by signing up for the opening call newsletter on the front page of TFNN.com under the newsletter tab. New subscribers get a 30 day money back guarantee so you have nothing to risk, sign up today. 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. And basically I wanted to show this chart of the US, Germany, China, Japan, the 10 year government bonds. As you can see here the Chinese government bonds are about 2.5% yielding. US is just about 0.60 right now. Japan is basically at even and Germany is of course negative interest rates. Now this all started back in 2008 with helicopter bin folks. I don't know how this is gonna play out. We're living in history so we'll have to watch it. Keep a close eye on those treasury bonds folks because if they start to fail that is going to be the key that something big is happening. Now maybe they go negative. Who knows? That's not gonna happen. But someone asked the question will oil go negative again? And Pedro, I don't know if it will or not. They've got, they've scared the bejeebies out of everybody with the oil. So my guess is they're gonna put some restrictions on it because when you can see a contract that goes minus $37,000. And it was one guy that was doing it. You know there was some other, maybe a few small people involved that were big hitters but there were no little guys in there getting killed. That shouldn't have been happening because they were shutting down the trading on that. Going into the last day of trading they don't allow you to do that. So I frankly don't think oil will go to negative again. But guys can you think of this in September? We were talking about oil. Was it $69 a barrel? We were in September the 13th. We were giving a seminar and we were getting ready for trading on Monday. And the Saudis had got hit with the drones and the oil was trading at $69 a barrel right at the exact 78 cents, $78 a barrel level spot on. And we were saying this is where you wanna short it. And of course we said recover the short when it's minus 37. And if you believe that I still have two shares of the Brooklyn Bridge. Anyway, let's keep our pedal to the metal here watching these things, be flexible. Make sure that you use stops folks, especially now. My goodness, if you don't use stops now you could really get hurt. And it's not just the pain it damages the trading soul. And that's what really, really sets you back. You can get over the loss of a small loss and stuff but these monster losses that people like happen in Singapore, bad news. Live every day in an attitude of gratitude and may God bless.