 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. On the line today, I've asked him to make a special cameo appearance because before the market opened, Shane texted me through Skype that there was going to be a geostorm in the market today and it would affect the Russell 2000 more than anything else. That has to be one of the best calls I have seen in the last long time. I mean really long time. Shane, you on the line my friend? Good afternoon Larry, how are we today? We're at the offices of Duke and Duke and we're very impressed with what you showed me this morning. Any chance you could share that chart? Absolutely, I'm just going to give a quick update here in terms of what I'm looking at. Just to refresh the viewers' minds here. So I'm actually going to do just a little mini presentation today and then we can follow this up on Friday. Friday we've got the big presentation, yes. Absolutely. So the geomagnetic storms is a new phenomenon that I really have gotten into over the last year and a half and it has been really accurate. This is something that we follow when we want to look for a negative market reaction and this particular chart that I have right here, this is one from last summer and the reason I'm showing this is because we have a similar pattern right now but you can see that we had this full moon perigee last summer and then we had a G3 geomagnetic storm which was one of the strongest categories, G3, G4, G5 are the strongest. You can see the market immediately had this strong reaction to the downside here and the reason, like I said, I'm showing this because we have a similar pattern right now. Now we are in a pattern now of increasing solar storm activity and this is very interesting because typically the worst market periods are during October. We've had the famous Black Monday and these stock market crashes have occurred in October so this has really become a big part of our forecasting arsenal now because we do have an annual pattern of this and these do tend to break out kind of suddenly. We had just a couple of days notice this weekend. I had a client that's in Alaska right now and he was sending me pictures of the northern lights up there and I told him, of course, there's a storm going on right now. There was a few of them that happened this weekend but the activity is increasing in September and October. Now what's interesting about this particular graph is that I looked at this and I said, this looks really familiar. I couldn't put the pieces together. I've never seen this graph but it looks really familiar but it kind of looks flipped to a graph that I've seen before which is the actual annual cycle and if you look at the annual cycle of the Dow Jones going all the way back to the 1800s it's a complete inverse of the solar storm activity and if you put these two on top of each other, it's pretty crazy. You actually see an inverse relationship between the solar storm activity and the Dow Jones. So if you look at this graph, this is the annual cycle from letters A, B, C and D and we're currently in this sea phase right here, this little sea lake here where we're increasing the solar storm activity and the annual cycle for the Dow Jones is falling during this period. So like I said, we have two things to look at now. We have an actual pattern which is an annual pattern and we have these storms that can pop up very quickly. Now one of the reasons why I told you about the Russell was because the Federal Reserve has done a study on this. This is data from the Federal Reserve and they actually looked at how do these storms affect the markets and then how do they affect the large cap versus the micro cap. This is an actual study by the Atlanta Federal Reserve. These are statistical charts. We can go into this a little more on Friday but what you see here on this graph is all the way over to this side this is the effect of the storm on the large caps and you can see the storm is here and then the red bar is what happened after the storm so this is before this is after but as you start getting smaller and smaller in size down here from the New York Stock Exchange Nasdaq or the Nasdaq as you get down to these micro caps you can see that the micro caps get hit the hardest so you can see here that the week after these storms the micro caps get hit the hardest and so what are the small caps and the micro caps? It's the Russell they speculated like why is this the case? Why does it seem like these small caps are the ones that are getting hit the hardest in these storms and they speculated that because these storms do affect people's emotions and activities that this might be more focused on the individual investors that can become more emotional during these periods and the large caps might just be in these large fund holdings that they're not going to sell off Apple or Broadcom for one of these so that's the idea here so let's take a look at what we're seeing right now what we're actually seeing right now this is a graph that shows the S&P this is a four hour graph and I've been tracking these storms as they come across the S&P and so this is the S&P it's not the Russell the Russell was hit the hardest today but you can see here notice that we have a full moon perigee again here and we had a G2 storm over the weekend and so that looks very similar to the pattern that I showed you at the beginning of this chart of this presentation of the S&P last summer so we had the full moon perigee which is a very strong topping pattern combined with this G2 storm and then the Russell today is getting hit the hardest of any of these markets so this is one of the reasons why we target the Russell for shorting patterns in these geomagnetic storms the Russell's down 35 right now and so I think that's the market that's the most vulnerable to these storms and to downside movement as this storm activity picks up and then the next couple of months that's really down 35 points that is probably two standard deviations isn't that pretty close yeah and now it did outperform on Friday before the holiday but just like clockwork when these storms come through those small caps tend to get hit the hardest so like I said this is one of the reasons why we focus on the Russell on the short side when you get these storms because it is the most sensitive to this particular influence on the markets there's other things like the veggies that we look at but this particular one I really like it because it's pretty consistent and we do have a couple of days notice ahead of time before these storms come it's not as accurate as hurricane forecasting but it is pretty good they do a pretty good job of this Noah does a pretty good job of letting us know when these storms come off hey listen buddy we're going to have you on again Friday but you're doing a great job buddy have a great day you bet Shane Smollion folks wolftrader.com by the way folks my forecasting is 100% I forecast Tuesday will be followed by Wednesday which we followed by Thursday which will be followed by Friday I have never missed folks in 62 years of forecasting that's how good I am and it's not based on astrology it's based on accounting a one and a two and a three and a four and a five okay let's move on here folks we've got a couple questions coming in and that is what is going to be the effect of these debt market with the student debt and all this other stuff that's out there folks God only knows and she hasn't told me yet but I'll tell you it's not going to be good most of the people that borrowed money many of these folks are not going to be able to pay it back I don't know how these students can do it I actually don't I don't know how they've hung on as long as they have but you know who pays the final bill if the students don't pay it because it's government debt and guess who the government is folks it's you and me and that's the way it is and that's the way it's always going to be the one thing about it folks when you hear Republican lying remember that there's one person on the other side that's doing the same thing I don't trust any of these politicians I never have and I don't even like to talk about it yes Johnny I will shut up and move on to the next one we're going to take a break here we get back we're going to talk a little bit about that we got some great charts here from our good friend Rich Anderson I spent all weekend chatting with him about this so it's going to be interesting to see what happens to some of these things as they unfold here today so stay with me here when we come back we've got a little break coming up here to pay a few bills and then we'll be right back Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter Steve's award-winning newsletter Mastering Probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering Probability and you'll receive access to seven of Steve's educational webinars absolutely free at TFNN all our newsletters come with a 30-day money-back guarantee so you have absolutely nothing to worry about visit TFNN.com and try Mastering Probability 30 days risk-free today TFNN Educating Investors Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter Market Insights your key to successful active trading Tom O'Brien, renowned for his expertise in the financial markets has designed Market Insights to be your daily guide to profitable trades Tom publishes his daily Market Insights newsletter every market day before the market open along with updates when warranted Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox Whether you're a seasoned trader or just starting out Market Insights provides the edge you need to navigate the markets with confidence Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today Don't miss out on this opportunity to supercharge your trading results Market Insights comes with a 30-day money-back guarantee for all new subscribers so you have nothing to risk Don't miss out on this opportunity to revolutionize your trading game Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand TFNN Educating Investors TFNN has just launched their new trading room The Tiger Zen 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 and now they are expanding their reach with the Tiger's Den Available to all tigers and tigers for just $1 for the year There's no catch 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 737618 Okay folks we're going to have tomorrow I can't remember we've got a guest tomorrow but I'm not home right now traveling but on Wednesday excuse me on Thursday we're going to have Mike Moore excuse me Thursday we'll be Joe DiNapoli finishing up his show from Friday and then Friday we will have Shane's Million Wednesday tomorrow we're going to have Mike Moore and more analysts talking about this big move in Crude all that we've had today and all the ramifications behind it of course but we'll be doing that now I want to just ask you folks a favor here John Jameson who's one of my dearest friend has been writing the letter for me for the past four years and if you would like to see the long version of that letter and trade what you see just drop me an email at larry at tradingtutor.com and if you prefer the short version that I write put that in there too folks this is not a contest for two skunks this is just he wants to know the stuff that he has which I think is the most valuable stuff I know if you'd like to put that into the market section like he's been doing for some times I'm not going to ask you to do it either one way or another it makes no difference to me I like it both ways I spend literally one hour a day at least seven days a week and I have for the last four and a half years that's how much I respect his opinion but you decide for yourself but let me know if you would like to have him continue writing mine's very short I know one thing folks A, B, C, D that's basically it I've got several degrees when I look back and say my god if I had just known A, B, C, D 60 years ago I think would be finding you know anyway that's what we're paying attention to here as we're looking at some of these things here today let's move on here and talk a little bit more about the debt because it's not just all these things that are there Rich Anderson sent me this one that shows you where all this stuff is coming from and how it's going to end and frankly folks I don't know how it's going to end amicably I really don't so let's just take a look at this one here from Rich please focus on it ah shucks this is going to take me three times to get it but I'm going to get it in there no question about it I'm going to get it on this time and if I don't get it on this time I'm going to get it on the next time and this looks like I'm going to try for the third time this shows you where all this debt's coming from and it's all coming to the let me try to blow it up a little bit maybe that'll change it enough to get it on there even when I try to go to applications Jacob I'm not able to get the darn thing in there god darn it ah you know they shouldn't let me out of the office every day in fact I'm not in the office so let's take try it one more time to show you where all this debt is it's coming from all sources so first of all I'm going to switch over to screens move this over hit this and remember this hold on yay there it is okay now you see all these different sources you got student debt you've got car loans you've got rent you know you've got everything all your credit cards are all involved in there and guess what's happening to interest rates those going higher when they're asking for for money to put up for the debt and here's the poor little consumer over here this is not going to end well folks this is like the the homeowner's thing back in 07 squared is what it is and you stop and look at home the average the average payment for a car $1195 that's the average payment folks you know so it's not a good thing that's going to be happening so pay attention this bond market that I posted earlier in the morning is as negative as I've ever seen it I mean sure we might get a rally in here anytime just like we did we rallied from 116 up to 121 and change and now we're back to 118 heading lower and that's all it is it's just higher interest rates coming up here hold on one second folks they're ringing the bell over here on the old the old oh boy color me happy baby color me happy hold on just a second here folks alright let's move on here to gold market folks we mentioned yesterday the important well we mentioned it not yesterday because we were here yesterday I mentioned it in the video that I sent out all that is happening here is because of what's happening with the US dollar we talked about that last week and the fact that it was in an area where it was ready to really really go bonkers to the upside I'm going to show it to you again here hopefully you'll be able to see it because we are almost at the moment of truth folks so let's get this up here maybe we'll be able to see it it's not the end of the world like some people are trying to tell us because we are very very close you can see this little red dot over here that says point yes Jacob not Jacob yes Johnny point three eight two comes in there at about one oh five ten and we are really close what does that mean if you flip this side upside down and know that the euro is fifty six percent of the US dollar index the euros probably going to be hitting just a little below one oh six I just saw it trade one oh seven and ten so one oh six is a heartbeat away so tomorrow is the key day maybe today but watch this this is going to be the this is going to be the big daddy rabbit because if this thing goes blasting through one oh five you're looking at one ten possibly one fifteen and believe me this is not going to make very many people happy especially those folks and over in riyadh because they don't like the dollar they want petro dollars so there's a big there's a big battle going on over there and we're going to find out who's going to win it well we know we're going to win it you don't count votes in the US Treasury you weigh them and we've got a pretty good weight over there just let's keep our powder dry and see what's going to happen here I wanted to share with you another chart that is we never talk about this one but it's a big one this is the shut the front door and raise a rent Mary hold on hopefully this will come up without any trouble at all says it's going to here it is this is the emerging markets folks this is a long-term weekly you can see here the last rally we had in the emerging markets and in four weeks ago stopped exactly at the exact tick of the three eight two retracement and now we're starting to move lower now this is where many people think the next bull market is coming from and maybe it's going to be but before a bull market can happen it's got to get above that three eight two and it's not been able to do that as of yet that doesn't mean that it can't but it just means that it hasn't done it yet that's the main thing that you want to keep in mind as we're looking at this folks we've got a big ABCD down here in the S&P here and also in the the doubt the Dow Jones Industrial Average E-mini okay I believe it's around 346 40 something like that so pay attention we might get there today and that might be the end of the selling for today because you know the market's not down very much the Nasdaq's down five the S&P's down 14 Dow Jones futures is down 140 so that's not much of a down move in my opinion so I think this is the culmination of that big ABCD that we've been talking about for several days and we're going to find out what that will be since we're here with kicks and giggles we got to pay a few bills we get back we're going to look at that we're going to look at that chart and see where I'd be looking okay so take a little break here and for some reason I'll be right back and why I don't know that happened hmm looks like I cut the short things short I'm sorry about that Al I oh there we go we're okay there we're 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 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 at tfnn.com everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of and 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 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 8 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 at tfnn.com and hit watch Tiger TV okay folks I posted a chart of the Dow E-mini showing you what it's been doing here you'll notice here our price objective here with these two ABCD patterns at the 50% level comes in at 46,000 30 34,640 I believe somewhere down in there right around just a little below that level you'll be able to see it right there and also if you'll notice this pattern that you're seeing right here folks is nothing more than the 135 pattern there's 1, there's 3 and there's 5 that was the high today and now this is where we're headed folks and this is just a correction in this big market here and from that level we'll probably get a little move up but we're going to be paying very very close attention to that one because that's going to be a very important ABCD one one of the reasons that we showed that dollar index chart over the weekend was the fact that gold looks so very bearish and that's why we had been shorting gold we sold some at 72 we sold some at 68 we covered it all at 55 and 54 1955 and 1954 it's went a little bit below but that's what our job is is to make money not lose money and that's what we're trying to do here at trade what you see and anyway let's talk just a second here about the situation that is going on in the crude oil the crude oil looked like it had every possibility of making a major top up there at the 382 at 8600 we sold it at 85 79 the market broke down about a dollar and we put our stop at break even and our stop was in the market just as they made the announcement for Riyadh that they were going to keep the $1 million quarter going for another 2, 3, 7, 12 years whatever it's going to be and we were taken out at break even and that to me is a winning trade because you either going to have a big one could it be in the other way but that's the way it went this time and that's why we try to protect ourselves as we're doing these things I'm folding up here today so let's remind ourselves of that it's not how much money you make but remember by the way is 34,652 it's 75 points away here in the Dow Jones E-mini so watch that number 34652 and that should be that should be a really interesting spot here to see if the market's going to hold that level right here I'm going to put the limit mind your end to make sure that we get out of it at that point but there's several let's just show you the real bottom part so let's just get this up here to show you what we're looking at oh shucks it'll only take just give me a second to get the second technical difficulties surround my how does it do this to me I don't know maybe it doesn't like me let's get up here we're going to see right here there's where we are boy oh boy there we go we're really close to another one right here holy cow going to be very interesting hold on one second boys and girls I want to get this up here so you can see we're close to one right now but I think the other two are having a better a better value of it but I can get this chart up I believe and then we'll be able to see what I'm looking at here because I just did the smaller one I've got three major price objectives just right below where we're trading right now and I believe we're going to probably get there this is the YM chart yeah this is what I'm trying to show you right here we just hit this one just now we just made this one right now at 34,790 so we're there we're heading a little bit lower so let's keep that watching I don't people keep asking me are we going to have a crash hello operator I don't know it's crash from smash I really don't know I mean I don't play for that I play for patterns that's all I look for and when I get them I think it's great and when I don't I don't worry about it too much okay so that's the bottom line of what I'm paying attention to okay what is interesting here is the fact these patterns are repeating over and over again market after market so that's why we really like to keep an eye on watching unfold now they don't always work like the one in the crude oil didn't work there's one in the German Dax I want to show you this goes from my good friend Mr. Tom Hougard Trader Tom get this up here to take a look at it this comes by the way of our good friend Alan Smith over there in the over there in the UK hopefully it'll come up boo not so lucky on that one but we're going to keep trying I've got some other things here I'm not going to worry about that I want to share another one this is a really interesting one I want to read this to you because this is from Rich Anderson it's 18 things about the the recent the rules of money let me get this bring in here so hope you guys can get this because this is really cool and I'm just going to read them to you with a little bit of luck okay first of all pay yourself first number one number two learn how to invest number three don't be a hater of it give away a dollar for every job you do spend less than you earn have a plan and set goals my god that's all about trading don't be a slave to money thank you very much Richard if you have it don't flound it boy that's a major one boy that keeps you keeps you grounded believe me in my opinion keep your finances organized and it's a game learn how to play it and boy it is a game and boy some people can play it better than others always have an emergency fund number 17 because there might be a horse in the fifth race at Saratoga that could bail you out 18 always have money that you use passively use it to solve problems in the world that's why you should always give some to people that need it know how to risk and how to leverage boy that's very important in your trading and if you use credit stop using credit and just use cash and finally money is an important treat and treated accordingly if you've got it some people don't have it some people do but that's what I'm you don't have to remember all of those but remember the main thing is to respect it because that's the that's the bottom line of what you want to be looking at as you're watching these markets unfold here each day I wanted to bring another one up here that shows you the relation shucks just a second I want to show you the tuition cost of children folks going to college and beyond if you know graduate school and stuff like this I was fortunate enough to be able to get my kids a great education because I was making a couple bucks during that time and you'll notice here look at the look at the inflation cost of tuition folks versus the regular inflation folks my grandson 22 years old 23 years old now he was born in 2000 August 14th he had a scholarship at Stanford and in mathematics and he went there for a year and when he came back he said second year he said I'm not going back no no he said that's not for me he said I don't like it I said well then don't go and his mother said if you don't like it do what you want to do and so he's gone to New York to make his make his life and he's doing a great job there I'm just very proud of what he's done and he's very smart whether he goes to college or not it doesn't make a whole lot of difference to me because that boy's got his act together and he still he reads incessantly like his mother did so he's not a derelictor and he just didn't like the way that the college professors were trying to ram things down his throat that he didn't believe so that's neither here nor there we're going to take a break I think pay a few bills 877 9276648 you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at TFNN.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave the Chapman Wave up-down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied now and you'll get a full refund within 30 days of signing up TFNN.com educating investors are you ready to take your trading to the next level? introducing Tom 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 head 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 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traders and active investors distributor four-side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ okay here folks bear with me folks here I wanted to talk to you just a little bit about that dollar index we're looking at it on the weekly chart up there because it's going to be a big one that's a big 3-8 to and I posted the chart hold on a second I posted a chart of the regional banking index okay now you remember we got a sale on that about three months ago way up at the 3-8 to level and it basically collapsed that was from our good friend Jim Bartolioni of Bart's charts and now you can see we have the ABCD retracement stopping exactly to the exact tick three days in a row at the 50% retracement the market breaks down in an 8-day rally it goes exactly up to the 3-8 to level that is a negative chart and that tells us that we're most probably going to be looking market is probably wants to go a little bit lower okay so watch it all of this folks is going to be based on what's happening with that US dollar index if it gets to that 105 and change I believe someone might tell me if we hit 105 I know we hit 104-88 or something that a little while ago but 105 and 10 I think is the exact number that we're looking at with that to see if it's going to be something that's going to be really really super big so that's all I can say is that's going to be really important because that's real money folks that means these boys that are trading these foreign currencies locking in prices and stuff all over the world you don't see the Federal Reserve in there fooling around very much they might do it once in a while but usually not with the Euro they can do it with the pound of course but the Euro and the Japanese yen they can get into trouble they've learned that from George Soros that you can't fade mother nature when these things are ready to roll over that's what they're going to do and that's the whole thing someone asked me a question about electric cars I know I don't know anything about electric cars other than I play poker with a guy that has a Ford Lightning a big $96,000 for it he gets about 170 miles he is yelling and screaming at the Ford dealership because it just doesn't run right and it doesn't have no charge in his battery and they don't fix it and he is quite upset about it that's the extent of my knowledge of electric cars I don't trust anything you can't hear folks and by golly I would like to hear that rumble of a nice little V8 engine if you've got it or a nice small six or even a little four banger but I don't like the electric and when I go to San Luis Obispo to visit my daughter I see the electrical station there at the Madonna Inn and it's about a two hour wait and then once you get in you got it takes about an hour to get your your car charged up you know hello operator what happens you get stuck out on a freeway and you get in a boat hello operator I just saw a fly shop here we're almost at $148 in the dollar yen folks that tells you something is going on in these markets so we need to watch them very very closely here today and tomorrow because if these markets do not hold that 34,600 level in the Dow Jones that's going to be a pretty negative forecast question if we're going to have Norm Winsky on again and guess what boys and girls I was notified today through his business agent one of his many business agents that Norm will be our guest on Monday September the 11th and everybody knows what that is that's my good friends Nikki's birthday but more important that was one of the saddest days in American history folks I can remember watching the thing occurring with Arch Crawford on the other line he lived about two miles from me and Arch told me five minutes before the news hit that the Pentagon had been hit with a some type of a missile and Arch already knew that now we had stopped trading 10 minutes after the first plane hit all the markets closed the S&P was down about 10 at that time it didn't open for I think it was about five or six days open sharply lower went down and then rallied like a son of a gun starting in early October late September early October it made a 61 percent retracement on the year and then it went all the way down to make its final bottom in 2002 in October so boy this is one of the advantages of being a technician is you don't have to ask what's happening just look at the chart and see where the money is going because that's the key to telling you whether you're going to be on the right side or the outside and you want to try to be on the right side of the market you don't want to be a fighter you want to do the things that keep you in the game as best you possibly can I need to check something here very quickly because I have I have several positions on that I need to be doing something about so far our low has been 34,700 we've only rallied just a tiny bit here so not very much is going on and we've got some action going of course and some of these other markets that are really quite interesting so we're going to keep keep our eyes on that of course and we're going to see what happens with some of these as we look at them throughout the day I've got it I'm going to be talking here for just a minute but I have to change in order so you're going to have to bear with me here a second because I there might be a silence because I cannot I cannot hold on a second I got to click that off okay cancel that and let's go up here to here and I just give me a second boys and girls and I can I'll be all right here once I make this uh I guess if I screw up oh no don't do this to me please please don't do this to me oh shut the front door and raise the rent I don't like this all right just give me a second here I'm doing a new platform folks and it is a how do you say it in Italian a son of a gun okay get that right uh oh now I gotta cancel one other one just a second I gotta cancel 87 oh cancel this one okay yeah all right okay now Billy Ray is back any questions 877-927-6648 remember tomorrow's guests will be Mike Moore more analytics Thursday we got Joe Denapoli is going to finish up his presentation and then on Friday we're going to have the shaman with his geomanetic storm is going to be our guest on Friday so those are some of the things that we're watching very very closely here today okay let's move on here for the final segment here let's move on to take one look those of you that we bought some wheat today down there at our number we had made made 14 cents at one time so definitely you've made some money off the wheat trade soybeans have been all over the map today but very very tradable so these are these are the kind of markets that they're really like folks because it gives you all of the things necessary you know to make good decisions you and keep your risk as small as possible and that that's what the whole thing is about you know when we're doing these things okay so I think that's going to be it for me today I I'm not going to be able to do the last segment here folks because my voice is gone now Jacob will take care of you from there and I'll see you on the flip side tomorrow with our good friend Mike Moore of more analytics so live every day in an attitude of gratitude and may God bless folks it's 23rd let me say I have to go to the slv for silver because we were they were that was changing contracts also so you get the slv coming back with 6.1 million uh yeah you're filling this gap you're coming into 12 and 24 but that gap looks like it's going to be filled stay right there folks come right back if you're looking for potential trading setups in the stock market then rocket 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 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to the Fibonacci 24 7 newsletter today tfnn.com educating investors tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and tigers is for just one dollar for the year there's no cash 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 welcome back folks to doubt down investors right now down 63 nazis have 23 sps down 10 a half now it's all about this dollar today folks keep this number in place 104 6 9 9 we've hit 104 907 right now you're trading 104 7 11 because you can see wherever the dollar goes like the first leg down on the dollar when it did give it up that's when you saw the s&p actually only go minus two the dollar goes back up and what ends up happening is that the s&p gets to it was bigger than that actually was uh yeah the s&p got down to this uh 4501 when it went back up it goes back down the s&p got to the 45 20 so nine points above you can we almost went flat now right now it's teetering once again it said 104 6 92 and the 104 6 99 what that is folks okay that is the swing point that has been tried to get to for quite some time you know if not only what it did here and this is so deviant it you know you broke with conviction it comes back up friday before we took the labor day break right at the line and then today a blue not only blew by the line it blew by the line with strength meaning it was wide price spread it took out the swing point okay and that's the number i'm giving you is the 104 6 99 so you can see how if you're trading foreign currencies how you can get whipped like beyond belief as as as the s&p's because it's going tick for tick for the s&p's so where that dollar finishes out today that's where that market's going to finish out that dollar finishes above the 104 6 99 you can expect the market to be down slightly you know you can see that it's it's not reacting heavily okay it's not that not that heavily but if it goes under that 104 6 99 you will see those s&p's turn positive have a great day have a safe day stay right there folks we get that think a swim coming up next then we get our man mr larry pezzavento jake is going to be doing my show this afternoon have a great one folks have a safe one