 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pezzavento. Okay, looking good Billy Ray, feeling good Lewis. We're going to look at July soybeans here. This is where we were buying. I left two videos one yesterday, one today that I'd be buying here at 1229. And I put my stop here at 1195. I'm going to be a farmer for a while. So far the low has been 1224. So it's going to nickel below right now. It's just setting at 1233. This is July soybeans folks. The farmers haven't even begin to think about what they're going to be planning. Comes March or April. You see, this is just the beginning. What happened report day? We're going to let Rich Anderson tell us that. But what I like to do, this is July. It happens to be a favorite month for me. It's one of my big years back in 73, 74. 74 was not so good, but 73 was very good. Anyway, what I want to do now is this is July. So what I want to do is I want to show you the differences because now we have cash soybeans, which are the March and I want to get these up. And I haven't looked at this today, but I wanted to see if we got down to our 78. Oh my goodness, shut the front door and raise the rent. Honest to God, folks, I did not. I did not draw this in until just now. They're basically the same except this spot spot beans right here. Spot beans made the 786. It missed this. Well, we already knew that. See, this is when the ABCDs don't work, but here's where the 786 was. Let's just try to blow that up so we can see what that price was. That was at 1207. And the low today has been 1203. So just like a July went four cents lower. So it did make both of them. Okay. Now on this one, you see we made the 1.618 expansion also right here. But we also on the cash beans. This is actually a good sign, folks. The cash beans came right down to the 78% level. And so far it's held what you'd like to see today. If you're long and like see them close up a beer about 30 cents, that's not going to happen. But the fact that they haven't collapsed us yet could be a good sign. And that's all we're saying that it may or may not be a good sign. This is a pattern that we like to see. It's coming in when it was supposed to come in. We've been talking about it for quite a while. So this is where we're watching. You can see here. We knew it was not going to work here. And then, of course, we came down even harder. So we're following it closely when rich comes on. We're going to be looking at some of the other things like corn and wheat and some other things like this. And this is my love my beloved sister. Hold on just a minute. Just a second here. Hold on. Oh boy. This looks like one of our old neighbor or one of our old relatives is just made a quick exit. So it's 97 years old. Anyway, still working hard at 97. Okay, let's move on here to the March soybeans. Get it out of the way. I want to get up here and go over a couple other things. Something very significant happened on a short term basis today, folks. I have to show you this because I got a lot of people were saying, how can you possibly do this when we got something like this going on? This is the crude oil, folks. Now this was crude oil in the middle of the night. Now here's, just remember, this is a 13 minute chart. But look at this, folks. This had so much going for it. Now we know that there's all kinds of stuff out there in the world. I didn't see this until afterwards because I was, as you can see, this came in really early in the middle of the night. So I wasn't there. But you'll notice that it did make this perfect A, B, C, D. I had several people texting me about this, that a perfect A, B, C, D here. I know this is all boring for you guys, you know. It's all I got, baby. It's all I got. There was your other one. And then, of course, you had the last three drive to a top pattern. There's drive one, drive two, drive three, right up in this area right here. And this is what's happened so far. But look at this market after it. There's, you can see the price. Look, we come down. We rallied up to a 61% retracement, okay, exactly to 61. And then you came down again. And now you keep dropping and dropping. Look, see where we are right now. Just watching Crude Oil. You'll notice that we are below the 78% level by a little bit. Let's see how much. Quite a bit, as a matter of fact. That would say that I would say that's too much. Well, 20 points is not. But let's see where we are with the 61% retracement here. Now, you remember, this is when they're shooting rockets red. There's the 786 right here at 7205. Below here, it's got major trouble. But how do we get a $3 break in Crude Oil when the midst of these dudes are over there fighting and dropping rockets everywhere? Does someone want to explain to me how that happens? You know why, folks? Because the news follows the trend. They really, really don't care about the news. That's why if you look at the patterns, I mean, look, it's a perfect ABCD. You had another ABCD right in here coming in. Exactly. Look at this. You got three things telling you that this 75 is going to be a little bit of a trouble. 75, 19. The high was 75, 23, 25. So that's a pretty good move. Now, I didn't take any of this because I was busy doing other things. I had a good day. But it's not like as if I knocked a ball out of it. Well, it had a good day. Let's put it this way. Is this true? Did I just see a trade at 35 in the beans? Hold on just a minute here. Oh, my goodness. I just started up. So let's just, well, if I were in this right now, if I were you guys, I'd put my stop right below here. So that way you're only going to risk four cents. And then if you yell at me, it's not going to be too bad. But right now we had a little bit of a rally here, which is potentially pretty good. Okay. Let's move back up here to a couple of other things that I wanted to cover here. The hog market. The hog markets down a little bit today. We went short those, as you know. They opened a dollar lower, but they've come back. They're still up in this area right here. We sold them right here, folks. So they're still in the profit zone, but there is a potential here because of this little move that we've had. I know you're going to get a little, a little bit of a little little hog farmer from Tarot, Indiana, but let's just narrow it down to the old A B equal CD. We used to ride hogs when we were kids there and tarot up there in Clinton, where my grandma lived. And there you see it right there. We could get up just a little above 74, which is only about going to have higher, but we will not risk that because our stop will be right above here. It's only risking 60 points in the hogs. So it won't be too much of a damage if you do, if you do take a loss. Now I want to get over and talk about treasury bonds because here was one that took off like a scalded duck today. I recommended everybody that, you know, we sold it up in here, tried to take a profit, and we didn't quite get there. We were looking for a profit of it. We took a profit here yesterday, of course, but then this one here backed off just a little bit, thought we were going to go higher. And so we ended up breaking even on that trade. But, you know, that's a pretty easy deal. If you want to work out about that, but we're watching here on some of these things. Okay. We got to take a little break. 877-927-6648. 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 to try Mastering Probability 30 days risk-free today. TFNN, Educating Investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. With Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand. TFNN, educating investors. Market Insights comes with a $1.00 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas. Interact with other tigers and tigers as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Hey, we have a caller from Northern California, the soybean capital of the western United States. Chris, are you there? Yeah, I'm here. It's not like you're in your Gulf dream of airplane. I need to turn off. There we go. I have a question for you. Go ahead. This morning, you felt that the soybeans after the report would drop a little bit and you put in a buy at a fib number and what I don't understand is how you knew that the report ahead of time before the report hit that they would drop and then after the report hit, you knew somehow, that's my question, is how did you know they were then going to go positive? Well, Chris, when you're a genius, my IQ happens to be 160, but I had to take the test to get it there. It's called a swag. A sophisticated wild agus, that's what it was. As you saw in the video, I was trying to measure 1.618. I was hoping for a very negative report, which we certainly did. The market dropped 30 cents and we bought it. Now we're breaking even and I don't know where it's going to go next. I had no idea whether it was going to rally or not. Believe me, I was sweating bullets from 1229 to 1224. I was calling my banker to see if I could make the margin call, but right now it's moving a little bit higher, which is good. I'd like to see a close above 1244. That's what would make me very happy. If it did that, if it closed down on the day at 1244, I'll be happy with that. But I did. I just knew numbers. No, go ahead. Thanks. Get back to the show. I said hello. Okay, thank you very much. Let's move on here. I would go through it again just for those of you that don't watch. This was the daily. We were buying here at the 1.618 expansion of this whole move. Came in at 1229. Remember, the March beans made the 786 level right here. They did make that. But this one was, as you can see here, this was 17 cents less, and so that means it was a little bit stronger. I don't know if this is going to hold or not, but if it makes a new load today, it's sign R for me. I'll wait till Monday. But we'll see if it can hold up. Anyway, that's what that's all I was doing was that type of a move. If I were doing it on the opposite side of the scale, if you want to look at other 1.618s that's come in handy, you can see this move down that we had here from your high down to your low. You see it goes right up to where, folks? 1.618. How many times does it hit it? It hits it once, makes a higher high, makes another higher high. Look how it makes another higher high. By 5 cents, give me a break. Come on, that's not the sign of strength. And then, of course, we started moving to the downside. Anyway, that's what we're paying attention to. I've got to get these charts ready for Rich because he's going to have a lot of information for us. We're going to take a look here at the March wheat now to see what it's doing today it was also hit with some bad reports but it stopped by Golly. It stopped right down here at the bottom two here at 90. We've rallied a little bit. Let's just look at it intraday here on a smaller time frame. You'll see we had a very good break. Yep, there's the break to the downside. Let's see if there's anything. Well, you can make it a lower low, which is okay, but now what's good about this and I'm watching this one also is we're already above the 382 of the next number. That to me is we've already conceded that so if we can get this one above this, that means the grain markets that comes in. It's right there right now. So a little bit higher in the wheat and a little bit extra buying. Maybe people are going to say, maybe this is okay. What's so ridiculous about this boys and girls? The farmers have not decided whether they're going to plant corn or beans. This is January. They don't start planting until March. Now if the price of soybeans is really high in March, they're not going to plant the soybeans, are they? So you got to try to anticipate that. How do you try to anticipate it? You shake their little shaker dice and roll it out and say, please dear God, give me sevens and leavens and no craps and then 12s. So that's all you can do. You can only figure out where the numbers are and try to buy them at that price and if you're lucky, fine. If you're not lucky, don't worry about it. You're going to lose a lot, folks. That's the only way you can win in this game. It's how well you play the game. It's how well you get up after someone knocks the Kizibis out of it. You remember the famous quote by Mike Tyson? Everybody's a great fight promoter until they get hit in the face. Well, that's pretty much the same way in the markets, too. You make a bad mistake in the markets. You're in trouble. The first mistake teaches. The second mistake kills and that's what makes it very, very tough looking at this. So that's the wheat market. Let's take the other big one. Farmers who've got to start loading up on this because this is corn. Let's get this up here. We'll just do the let's just do spot corn right here. That'll be March. We'll get up here. It's going to be a 440 something. Yeah, 447 here. Here's where we are. Look where we were here last year. We had corn at 510. We're at almost a dollar of bushel under this, folks. Now, here's here's the get this chart up here on the corn and someone's going to ask me. Why did I decide to do beans as opposed to weed or corn? And the reason for that is I talked about it yesterday. It's the fact that it was making all those numbers and that's really what we're looking at. Now, here's the long term picture. This is July. This is old crop. So this is really March corn. This is the corn that's in the bin. They're still trying to sell it. And as you can see here, if you looked at this, you would be able to see there's a possibility that we could do $4 of bushel another 47 cents to the downside. Now, whether that will happen or not. I don't know. This isn't the same. This isn't the same pattern that we had in the soybeans. See, that's why the soybeans look so much better. I hope I make myself clear on that because it sounds like mud and maybe it is. All right, let's take a look at soybean oil. If you remember a few weeks ago, well, just not a few weeks ago is about six or eight weeks ago. So what we're looking at. The soybean oil treated this quite nicely. And let's get this out of the way and it's rallying back today, too. Here is the soybean oil. That's where we were buying it right down here. Double ABCD's the market rallied all the way up here. 618 of this move right here, and now it's backing off now. This is really good, folks. If you want to if you want to buy this you can look at this on a 60 minute basis now because I did this yesterday. You wonder why I like this stuff. Hello operator. This isn't rocket scientists. Hello this. Oh my goodness. There it is right here. Didn't quite make the 61% retracement yet, but we're going to stick with the July beans and see what happens. Okay, now someone asked me, what are we going to do with July beans? We're going to watch them real carefully and I'll tell you what my game plan is if it works. Okay, let me get it up here and hear the hero that July be there. July beans are now up a little bit. Hey, this is looking good. Alright, I and I better not do this. If ever want to put the kiss of death on something is open your mouth before you think you know what you're talking about in my case. Zippo, I better be quiet. You know if you got lucky like this and this could be something like that and we don't know whether it is or not. The fact that it started in the right direction great, but we got rich Anderson coming up and he's going to tell us what's going to happen. 877-927-6648 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 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 at TFNN.com 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 Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, 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's 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 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 Moneyback Guarantee if you're not subscribed. 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 On the line, Rich, how are you doing, buddy? Doing great, doing great, Larry. Tell me how various was the report? Start off with beans. Well, I mean they they basically they some people are surprised they're not a lot lower. You know, the thing that is is so it's south of me I was on back the Wednesday before Christmas and you know, we were expecting rain to start coming into Brazil at that point conversation had been about the problems in Brazil because of the lack of rain. Well, they got plenty of rain in the next 10 to 14 days and that's taken that off the table. So, today you know, they they recognize that the beans are going to be down a little bit in Brazil but they're going to be up as much or more in Argentina and Paraguay where they're getting really decent rains. The yield estimates for the beans were left relatively the same. The real problem is we need to we need to be selling something but the world stocks, you know corn was up 12 million metric tons and up 10 million from the December report but 12 million from what the trade was kind of guessing. The beans were up you know, less than a half a million metric tons from the December report but the trade was expecting to be down about 3 million metric tons. So, it's all about expectations versus what comes out and then we was up a couple of metric tons for the world ending stocks from what the trade had expected. But on our U.S. ending stocks I mean the trade nailed it they're very close on the soybeans but the corn was 50 million higher than they expected and it's higher 30 million higher than the December report so there's nothing to be happy about. Now we're going to have to find a value level and I suspect we're going to find that value level in the next day or two and then there'll be a reaction and then there'll be a retest of that value level and then we'll start to look into what the farmers are going to plant and right now if you pencil out the profitability you tend to plant more beans than corn we're going to I mean the world is being taken care of by South America so we need to get back into the equation probably the best thing we have going for us Larry is Argentina they have a lot of beans to sell but the farmers aren't willing to part with them because that's their inflation heads that's kind of like somebody in the United States owning gold and the government will give them a tax break to sell those beans because they need the the currency I mean they got a problem down there as far as inflation goes but the way we've been spending money we're going to have a problem up here out of the problem without inflating our way out of it to pay off the debt Rich tell me about the cost of production on the corn we've got to be pretty close to this we were at 610 a year ago now we're at 440 this has got to be hurting these farmers that's why they can't plant corn because they don't make any money if they harvest the crop is that right? it's more than that farmers are like small business people they're going to have to go into the operating loans so I'm going to have to go into my banker in the next week or two to extend my operating loan for this year and I have to show them this how many acres I'm going to plant this is my cost of production and this is what the price is now now as we all know the price it is today it's going to fluctuate but you still got to use today's price when you go down and sit across the table from the banker that's kind of the way the world works and of course interest rates are higher now than they were a year ago not as high as they were two or three months ago but they're still higher and that hurts small businessmen and farmers are small businessmen I talked to my some of my operators yesterday and they were talking about the same thing but University of Illinois they put out their paper and compared to soybeans to corn in the northern part of the state the southern part of the state Iowa would be different Minnesota would be different South Dakota would be different but still the costs are down some but the price is down more you know and that's the problem some of the things are still using the Anderson National Bank there in Hitchcock, South Dakota there are no banks in Hitchcock there are no banks in Hitchcock the banks in Hitchcock used to be was sold to somebody for $7,000 and he turned it into a bar and was very successful for many years and then had a fire Rich was going away about 30 years ago folks Rich said my friend Jake Rosman went to go look at this cattle feeding operation what city was that in South Dakota Rich, do you remember that little town I probably in Oneida that's right because the Beach Boys had a chance and they said well we don't know so they sent Jay and I out there did you join us there for that I think so they had a Fourth of July party they had a big celebration this summertime and they have the steak fry where they buy new pitchforks and put the steak in the end of the pitchfork yeah that's for sure I remember when we were looking at this the guy that penciled it out the accountant he told Mike Love he said look this is a no brainer they are asking $4 million for the crop and the land and everything he said this is a no brainer of course cattle prices were real cheap back in the mid 80's and didn't end up not buying it but boy it would have been a big winner for the fun things we did through our lives that's for sure anyway buddy I really appreciate you giving the feedback any particular thing that really lights your fire in this report that you say hey this may be something there's nothing yet what we have to do now is wait for the the weather to become a concern in the US and believe me unlike when we first started trading in the 70's there's two weather markets which we've gone through and that's a settled story now and now it will be the developing one here so we'll have the egg outlook report by the the government in February and that normally brings about the retest of the lows of value and then once the farmer starts putting his money in the ground the grain prices tend to go up I've said that for years and that's kind of how it works so it's going to probably be kind of boring but there's a pretty big short so it won't take much and all of a sudden they can light a fire for a short coming rally but any story that will have length that's going to be that's going to be in March back in December natural gas caught my eye there seems to be unwillingness to be a carrier of a short in natural gas I talked to a cash trader last week and he bought it the day before and the next morning he had about 25% gain and he took profits now this isn't a cash market, not futures and by the afternoon it was up another 40% it can't move very fast in the pipeline hey listen brother take it easy happy new year to you and Lisa we'll have you on again soon okay Rich Anderson folks Anderson Capital Management I think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at TFNN.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave the Chapman Wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman and 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 at TFNNN.com educating investors are you ready to take your trading to the next level introducing Tom O'Brien's award winning newsletter Market Insights your key to successful active trading Tom O'Brien renowned for his expertise in the financial markets has designed Market Insights to be your daily guide to profitable trades Tom publishes his daily Market Insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out Market Insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to TFNN.com and subscribe to Market Insights today don't miss out on this opportunity to supercharge your trading results Market Insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award winning newsletter Market Insights firsthand TFNN educating investors Biotech is booming but for how long whether you think the Biotech bull has room to run or has run its course trade LABU or LABD Directions daily S&P Biotech three times bull and bear ETFs Visit DirectionInvestments.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 866-476-7523 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 distributor for side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ okay folks I want to go through the soybean meal Rich had to go but one of the things that we talked about privately of course we chat just about every day but the fact that this particular level right here folks this is an incredibly very soybean report and this is only down to less than $1 under today's action $1 in fact is it at $362.20 it's up on the day so that's not a bad thing but one of the things that Rich pointed out was the commitment of traders Rich follows that for me because I don't quite understand it but this is one of the most bearish commitment of traders in other words the commercials are heavily long okay and the speculators are heavily short and when that usually happens it's very significant. Now just looking at this chart I want to go through this together because I didn't do it on the meal I did it on beans and everything else but I want to get it up here so you can see it this is what you're looking at when you're just watching these things the little function that I put in here draws these in we'll just leave that in so we can see it real easy but as you're looking at this right now you are seeing a three drive to a bottom pattern there's drive one there's drive two and there's drive three now we have a higher high it doesn't make any difference you've got lower lows now all we want to do now is to see how close we are to some symmetry that might line up and we're not close at all I can tell you that right now because that doesn't happen until way back in February but the fact is that it made this number right here does make this we just turned positive on the day in the soybean meal folks stop and think of that I mean let's look at this on a on a little smaller time frame look at that look at that rally we've rallied 800 bucks that's a hadn't even made new highs yet well we did and then back off but that that's a big thing I think maybe not anyway if you're in the trade you put your stop at break even and you know roll the dice you know 44 oh boy that's good look we got up here on the soybeans we got up to the 50% folks I'd like to see him close they close in a little bit here but I'd like to see him close they're above the 3A2 which is a good sign you know that's all I can tell you the caller that you know Chris called in happens to be one of my one of my soul mates pretty much he's got always got my back and he's he was giving me try to give me an accolade but frankly Chris we just got flat out lucky you know luck is where preparation meets opportunity is Louis Pasteur said so anyway where luck is where perspiration and inspiration come together Henry Ford anyway what we do from here remains to be seen but I have a game plan I don't know if it's going to work or not but I am I've got it because these things have turned into if the commercials are correct and the specs are wrong you're going to see one heck of a long rally because looking at this daily chart remember folks this is 100% protein here well the soybeans are 80% is meal 20% is oil and oil has already been the strongest I'll bet you oil is the strongest today too let's just let's just get up and take a quick look at it again I think we had it here there it is right here it's already up on the day look at this see oh not quite no it's already coming back pretty good but there was see where was yesterday's it is up on the day yeah there's yesterday's low we took that out and now we're above it so we're up on the day now and you know in fact is all this get back off to was a 50% of this move right here that's it right there so that's all it could do so far so whether that means much I don't know but looks pretty good it's better than setting here with a 15 set loss so now you put your stop at break even and then you don't have to worry about it too much the main thing here alright now we have to switch over to the stock market someone said a question about the old famous stock that everybody loves to hate and that's Tesla I don't know anything I don't anything about electric cars I don't trust them I don't trust a car that you can hear louder it is the better the car is okay just get this up here here's one we've been waiting for let's get this up here and we've been pointing this out for quite some time we had this nice pattern up here this beautiful one three five remember we pointed out you had a lower tops that means it's in a downtrend you can see just drawn them in like that they sometimes go above it but they go above it for very short and then they back off so there's lower tops there's no question about that and where are we coming to right now boys and girls let's just draw it in because we should be at the old magical Mr. Fibonacci oh we're below it so that's a bad sign 220 was a number we're at 219 right now so let's see what this is doing here in today because it had a pretty good rally at one time I believe oh then it gave it back up okay so that's really doing very little so it's not much of a problem so we're not going to worry about that and then one other person wanted to ask the question about Boeing Airlines we'll get it up here they beat that stuck up quite a bit over and over let's get here we'll look at the hourly last I checked it was 228 and dropping ooh it is dropping yeah there we go there's where we were here see there last time we checked here it was 228 right in here there was a 382 it misses it here by about a dollar and now we're hitting down and you can see here this is just an hourly charge so let's go to the daily and we'll put this up here and take a look and we're almost at the old 61% retracement of this whole move folks that started back here on the lunar eclipse of the 27th of October a day that will live in infamy in the Pecevento household because I fell asleep at the wheel as the old country in western says so anyway we'll make it all back one of these days and well little by little anyway this is what we're looking at here in Boeing big gap this is when the door flew off and gotta be careful of those airplanes that's absolutely for sure all right now let's move on here someone else had a question about apple mr. Appel who's down by the well let's get it up here and I think that's still holding up pretty good is it down today nah it's up on the day it's doing nothing well it's had a pretty big break here from the high let's just well we haven't seen this well did we make a 382 in this whole thing boy if we did there's trouble in river city whoa whoa oh there silver the lone rangers said look at this boys and girls yesterday's high was three deuces 382 187 was it that's it so hasn't done much today but this is what we're looking at here today so let's pay close attention to that any other questions you might have it's 877 927 648 and let's move on here and we'll just get out of this layout here I want to save this for this weekend and then get my regular page up so we can see what's going on and we'll keep these one thing at a time and see where we are okay we're almost at something very significant here maybe maybe not we'll take a look here here is the as we're speaking now as we're speaking now here we are this is the Dow Jones with the big break and if you like these numbers there's two hours of trading so you can certainly do what you like but you'll see that we are looks like we hit it not quite there's a number right there at 37410 so that's where you should be selling it and the stop would have to be above here you got a risk it's a powerful point on this if you're going to do it that way so that's what I would be paying attention to okay so oh someone has a question about the gold let me get this up here the gold was a little disappointing because we thought it was going to go down and we thought it going to make 2020 but 2002 let's get this up here see this is where we thought it was going and it changed its mind you see here once we didn't get below here you know there's where all our targets were but it didn't do anything but let's look at it here when we get back we're going to take a really close look at this gold okay live every day in an attitude of gratitude 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 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 open 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 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 are you ready to take your trading to the next level introducing Tom O'Brien's award-winning newsletter market insights your key to successful active trading Tom O'Brien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30-day money-back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand tfnn educating investors tfnn has launched the tiger's end hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the tiger's end available to all tigers and tigers for just one dollar for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com and hit watch Tiger TV that's tfnn.com and hit watch Tiger TV okay folks here's gold over the last six weeks there was our high here where we were up a hundred and some dropped a hundred and some dollars in 12 trading days about 140 bucks yep easy that and then we rallied up to the 78% level just gonna try to show you where we are folks you see we missed the what the 78% level now we made lower highs this is what we were shooting for we thought we were going to get some ABCD here and we still might all we've had today is this rally from 2020 2017 all the way up wow we got that high 2067 wow rallied 50 dollars boy that's a big big rally let's see when you're doing other things you don't get to see everything oh look at this high today 2067 right on the money how did I miss that one let's blow this up a little bit here that's a trouble when you're looking down a one-way street you miss some things there was a move down here we thought was going to go a little lower but the expansion number up here looks like it was a perfect 1.27 there it is right there exactly 127 of this move right here so what's do what's happening next okay here we drop from 67 down to 45 we drive 18 bucks that's a harmonic number I'll lay a 3 to 5 that that low right there was a 382 offer there let's just see if I were a betting man and sometimes I am sometimes I'm not we'll get to take a look at it just clean all this up a little bit here don't share this with anybody boys and girls please this is a top secret stuff and there it is right there to 382 went a little bit below it so right now what you want to be watching is if we get a 382 to the upside because of that big monster 61 percent retracement here I'd be ready to get ready to see if this thing is going to move a little bit lower list folks everybody take the day off on Monday I'm going to give everybody a holiday just the kind of guy I am we'll see all on Tuesday our guest will be Jeff huge of alpha insights so live every day in an attitude of gratitude and make God bless