 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, looking good. Billy Ray feeling good, Lewis folks. We're going to take a look at the German Dax this morning. As you can see, we've had a little bit of a bounce in here. And if we move over to the FTSE after the election results with our Boris Johnson, those of you that might not know this, but Boris was born in New York City and was a U.S. citizen, but he renounced his citizenship and now he is running the U.K. So may God bless and all the best of luck to him because you'll probably be like everybody else. Last about three to four months, maybe a year. I am just guessing. Hey, folks, here in the desert, we have a thing called the Monson Reigns. They start on July 15th. They go through July and August sometime into early September, about two full months that we have it. But yesterday we had one. You wouldn't believe what happened in 10 minutes. It was raining so hard that you could not hear anything in the house. I mean, I was watching a little bit of news and it was unbelievable the rain that we got. And well, about two hours later, it hit the old Casa here because everything backed up. All the sewers started backing up and to try to get a plumber when everybody else wants a plumber is really difficult. So this is going to be interesting here today to get the guy to come in and try to fix everything because boy, it was a lot of rain. I mean, I had not seen that much rain in the 27 years I've lived here in that intense period of about 10 or 15 minutes. I don't know how many inches it was, but it literally looked like the sky had opened up and dumped it. We have fountains in the front and the back and they were overflowing. And it was really quite amazing. Let's take a look at what's really happening today. Oh, by the way, we have Stan Harley as our guest today and we have a special program folks. I want to let you know on Friday, the 26th of July, which is a very important day down there in Longbow Key. So we'll have as a special guest for the whole program, we're going to have Bill Meridian on. Bill asked me last night while I was in fact, I've been up all night fighting all this stuff and I was chatting with him a couple hours ago and he would like to spend a little extra time because he has something that important to tell us and he's been doing this for me for quite a while. He's never asked for that. So Shane did it last week and Bill's doing again. So this is something that we'd like to do. So there'll be a special show on Friday with Bill Meridian doing most of the stuff. I'll probably do five minutes and then let him do the rest. So those are the things that we've got planned tomorrow. We're going to have, let me see, tomorrow is Rich Anderson and then we will have Tim Boss on Thursday and then Bill Meridian on Friday, Stan Harley today at the break. The Euro folks, there's the key. That's what people are talking about today. It is breaking badly. We're expecting this break. If you'll give me one second here to take a quick look at it. Give me a second here. Hold on. Shut the front door and raise the rent. Just a minute here. Okay. Okay. You got me. All right. All right. All right. Let's take a look here. This is the Euro. This is what we were looking at this weekend. We were expecting it to break down through here. We did that last night at 1190 trading around 1160. The key support here folks is going to be down here at 1100. It's going to be a double bottom. And you'll notice the ABCD structure that takes you there. That's where these traps occur. You know, everybody sees it going into new low ground and it's going to go down forever. And it might. But it might also hold just because of that ABCD pattern. That is there to show you that that could take out those lows and take out those lows and take out those lows. And you'll notice the ABCD structure that takes you there. That's where these traps occur. That could take out those lows and then reverse. How much it reverses? You know, we don't know, but nobody else does either. But that's one of the things that I'm watching because if you remember back on May 20th when it was making new lows, we were highlighting the fact that those little red boxes, one of them that said 1.618 and the other one that said 1.27 were numbers that went all the way back eight or nine months ago. So that's really important. And those numbers, if you move them over to the right, the same price again. And of course, if you go below it, you can see the other numbers. If we get below 11090, you'd be looking at 109 and change. And of course, on the long term, you could be looking at 105 without any trouble in the euro. So sort of keep an eye on that. That's a very, very important one to look at. If we look at the reverse of this, which is the US dollar index, we're trading. Basel was telling us we were trading. We're at that 97.20 level now, which is certainly breaking out. We had a beautiful ABCD pattern last week down there at 96.25. We've exploded to the upside. And if we ever get above that 98.25 folks, it's going to be all about the Benjamins because the dollar will be extremely strong. And that means you could be looking at big moves in some of these other markets like crude oil, gold, silver, you know, possibly, but look at each one separately because sometimes, you know, just because the dollar is strong doesn't mean it's going to be affected by other currencies because, you know, you got to do each one separately. But it is holding up relatively well. We've had several questions about the sugar market and that wasn't even with Ruby in the room and I don't know what happened to her, but we're still trying to hold that support in the sugar at the 1160 level folks. The problem is it doesn't look, we're below there right now. Let's just take a look. You'll see we're down here again at that same thing. You'll see it right there. You'll notice the big ABCD structure to the downside. We're looking at those lows from October, which come in at around 1155. We took those out by just a little bit. So if we don't collapse from here, this area around 1140 could be really strong support in the October sugar. Now when we got up to, when we were trading up that 1290 area, you know, that's where we were, when we started talking about the potential for this market to have some type of correction and that's exactly what's happened. Now that we're having it, yeah, now that we're having it, you know, you have to decide, you know, how much risk do you have to take to see if you're going to be right? And this is a, you know, sugar trades at $11.25 a pound. That's world number 11 sugar and very low margin. So it's a good thing to trade. You know, we haven't seen limit moves in sugar. I think since the Cuban Missile Crisis, but that there's a, you know, very, I just thought of something, one of my most famous quotes from Winston Churchill is when we were having trouble with the Bay of Pigs and stuff, Churchill sent a note to President Kennedy saying, why don't you fly your planes over Cuba, blot out the sun and destroy the sugar crop? Oh, well, who knows? Okay, let's, oh, by the way, folks, I wanted to mention one other thing about Switzerland that I heard on the news this morning. 96% of the Swiss debt that is out there is related to the, oh, wow. Oh, shucks. Is that, that's the plumber, shucks. Oh, dear. Well, I'm not going to work that. We'll be right back. 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. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, TAS understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee, so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today and you'll find the TAS Profile Scanner under the Services tab. Sign up today. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at TFNN.com. That's 727-329-8322. Call us today. Many of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable, moderated atmosphere. Hear all of the TFNN shows. Plus, see all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Visit the Tiger's Den or on the front page of TFNN.com. Educating investors. Call now. Toll free. At 1-877-927-6648. Internationally. At 727-873-7618. Okay, folks, I've had two people ask me about this book. This is a book written by Larry Pesevento. Have no idea who the dude is. But it's on Amazon. I was a surprise when someone brought it to my attention. But I think anybody that knows me that I would never write anything about into the wilderness of the soul. That's a little pill in my pay grade. But I don't know anything about it. I'm going to try to find out about it if I can. But I don't know. I know there are two Larry Peseventos living down in Kentucky. And they were bootleggers. They actually made moonshine. And they were in the guests of the U.S. government for a while. But those are the only ones. There's got to be quite a few of them and Larry Pesevento is relatively common, especially in New Mexico, where the coal mines are. A lot of the folks from Italy came over to work the coal mines back in the early 1900s and stuff. Okay, let's move on. No, it's, you know, Marshall, I don't know anything about the dude. I really don't, you know, I had two people ask me about it yesterday. And folks, there are some other things that are out there on the Internet about me. They're both false, but I don't want to take the effort to even try to correct it. But because it's some of it so ridiculous. Anyway, let's move on to take a look at a couple other things. This British pound is breaking down again, folks. We've now broken through or broken through. Boy, that's really good this morning. That's what happens when you don't have any sleep. By the way, it was the plumber and he's bringing his boys over to fix the thing in about 8.30. Okay, here is the weekly British pound chart. You'll notice now that we're trading substantially below the 125 level. That important support that is here doesn't look like it's going to hold. We've taken it out already. We rallied 130 pips and then completely rolled back again. This tells you that the US dollar is strengthening and that means a euro is going down. I'm expecting that you're looking at the chart to at least test the 111.10 level. We're trading 111.60 right now. So we could easily drop another 50 pips down into that area to see if it's going to hold that particular area. Now, I had a couple questions because I mentioned there was a strong probability that gold has made a major top. And the reason for that was what we talked about yesterday and we'll be able to take a look up here. The key level is if gold gets above 11, excuse me, 1435, that tells you that this trend is most likely to continue to the upside and you have to look at silver and gold totally separately, folks, because they are different and they have different chart patterns. So you've got to look at each one separately. Silver is still acting pretty good. It's only 10 or 15 cents away from its high whereas gold is a good $30 away. So those are the keys. But this long-term weekly chart on gold, you had several numbers coming up there. It was also 382 of the high from 2012. That was the big one in August 1932. And remember, we did mention that we had a drop in open interest on gold and silver on that last run up into those big highs, I believe on the Thursday, last Thursday. So that's what we're looking at. But above 1435, that would probably mean that you're going to be looking at it. Platinum is holding up relatively well. A dollar bill, we'll get it up here and let you take a look at it. It's still trading above that 850 level. That tells you that it does have some strength. It didn't even back off more than about $25, which is a good spot. But Platinum's got to get above that old high at that 875 level based on October Platinum. And then you'd be looking at some more movement to the upside the way it looks right now. The key level, gold is already pulled back, folks. We got down to 1414, so it's dropped $42 from its high so that's a pretty big drop. We had dropped down to $34 and then it rallied, stayed a little bit quiet and then once we went below 26 last night, 1426, we went down to 1414 and now when the market rallied back, it touched those old highs. So far we're looking at 1427.50 and if that doesn't get any higher than that, we're still looking at lower prices in gold. We need gold to get above 1435. If it does that, then you'll be able to see that. Terry's asking a question, does my futures platform sync with Ensign? Ensign is a charting package, Terry. They just give you the chart. You can put your own data source in there, CQG, whatever you want and they'll do the charts for you, but they don't provide the data. They just provide the platform for doing the charts. When I first met the Ensign people, oh my gosh, 37, 35 years ago, I guess, they came down to Pismo Beach from Idaho Falls, Idaho and spent a day with me that ended up being five days and they looked at the patterns and stuff that I was doing and they built that into those patterns and they built the whole business, not just around my stuff, but there was other stuff too, but it's all a charting package. Interacting brokers or any of the others, so it's good. It's a very simple program and it's easy to use. I still pay 50 bucks a month. I don't even get it free. Sarah does, but I don't. Anyway, that's all it is is a charting package. There's others out there. Folks, if you're just getting started, there's one called Trading View. It's a free one. If you want to practice with charts and stuff, look at Trading View. That's a very good one. It's a very good charting package that's free and it puts the patterns in and puts the ratios in and all the things that you might like to have happen. The news this morning, of course, is very bullish because the US government was able to increase their credit card by another $1.7 trillion. They passed the budget, and the fact that the two parties could come together and agree on anything was a major surprise. That would be worth 100 points in the Dow. I would think so. We'll see. We've gone above the 78% level in the NASDAQ in just two days. That's mainly because stocks like Facebook and Apple and some of these Amazon, they've all exploded to the upside and that's what's causing them this big move. The New York Stock Exchange Index was lagging yesterday as was the Russell a little bit, but they're going to be catching up this morning given the fact that we should be up about 100 points this morning when the market starts to go on. As a reminder, in another five minutes we're going to have Stan Harleon to talk to us about some of the things that he's looking at. We haven't had him on for several weeks, so it'll be good to have him on. Tomorrow will be Rich Anderson, Tim Boss, Financial Cycles Weekly and Bill Meridian for a full show on Friday at his request talking about the different cycles, some cycles research out of Vienna, Austria. We're going to have a break coming up pretty soon. Before that break comes, I wanted to bring to your attention one more time and that is the Australian dollar because it is still trying to make this target up here. We're very, very close folks up to that 70 or 140 level. We're trading around 70-50 right now and it looks like it wants to get to that level and at that level it would be a sale because it's a downtrend, ABCD. 877-927-6648 This week Larry sends out and throughout the week when warranted Larry will send out via charts or videos or both the key markets that he is watching during the day. This will be up to the date active trading information that will help you in your daily trading. In Larry's first week alone he sent out 25 charts, 6 videos and a full report to his subscribers in just one week. If you're a technical trader that uses patterns and retracements to trade then just try. Right now new subscribers can get a full 30-day money back guarantee. With nothing to risk sign up now to Larry Pezzavento's Fibonacci 24-7 by visiting the front page of TFNN.com under Trading Newsletters. 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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 link in the bottom banner on the front page of TFNN.com Okay we're back folks and I believe we have Stan Harley of the Harley Market Letter on the lines. How are you doing Stan? Good morning Larry from Scottsdale, Arizona. Yeah well did you get a monsoon up there yesterday? We did we did. They knocked me out here they have my whole plumbing system is screwed up they're going to fix it and it rained so much Stan that I couldn't even hear anything for about 15 minutes it was just like the sky it opened up on top of the house and anyway let's talk about the markets Stan you focused on your letter this week about 27,000 373 in the Dow Jones can you tell us what you're looking at there? Well I saw the market had bumped up against resistance I thought we would hesitate a bit and make what I would say a little bit about the trading cycle low Larry we tend to make and you and I discussed this in the past we tend to make lows on the charts about every 40 trading days the last couple of years that trading cycle is on the low end has been 23 trading days on the high end it's been 59 that that computes a median of 41 trading days and I've I've looked at this for years so 4041 trading days we tend to make lows we are right now 34 trading days from the June 3rd low so we're right in zone for the next cycle low I think there's a good chance we saw it yesterday the futures are up this morning we should get a nice pop I see Europe is up 1% plus across the board generally speaking the US tends to follow Europe so that would suggest we should be up in the neighborhood of 1% today as well I think yesterday was probably the latest trading cycle low and I think from this point we're going to power higher and in the blink of an eye we're going to be back in record high territory well we're really close that's for sure we're within a heartbeat of just about everything this morning with the budget you know you don't follow any fundamental news I'm pretty sure right I mean you don't really care about that kind of stuff is that correct well well no I follow the news very I watch the news every night and weekends you know I watch it very very closely of course the United Kingdom just elected a new Prime Minister overnight Boris Johnson and here on the side of the pond the US Congress reached a resolution basically suspending the debt ceiling for the next couple of years so hey the party goes on borrow, borrow, spend, spend and give the bill to our grandkids I just don't understand you know we stop and think how much debt that's out there it's just really totally amazing I mean when you look at student debt not alone and you know houses and everything else and credit cards boy it's it's really a debt society boy that's for sure Stan when you when you're watching the news do you watch how the market reacts to the news is that what you're really you're not looking for fundamentals I don't know that but you're watching basically to see how the market reacts to news is that correct well Larry yeah I watch the news that always have I'm a former naval officer and you know that's my I have a worldly outlook on things but in terms of my market analysis I'm a 100% technician my undergraduate degree is in aerospace engineering so I look at the market as an engineer I crunch numbers I try to be forward-looking I try to be predictive and not reactive and that's why I do technical analysis like you and all our viewers I do a lot of work with market cycles try to model them mathematically use them as a forward predictive tool and try to stay ahead of the game I think we first met in I believe 1979 or 80 wasn't it Stan do you remember we were having those meetings down in the LA area you and I were back in the Los Angeles area eons ago we were both the foundation for the study cycles for years I was the president of the market analysts of Southern California I invited you a couple of times to speak to our group we had a great meeting there that's where you and I got to know each other pretty well I remember that Joe DiNapoli was part of that group he had some of those guys man it's been a lot of some of them are still around still able to take nourishment Stan what about the market internals are really holding up well aren't they really solid Larry I look at advances in the clients new highs, new lows, unchanged issues I put them into several spreadsheets plot them, graph them analyze them the advanced decline line which is probably the most common technical indicator which tracks each day's net difference between advancing issues and declining issues and by making a running summation of that computation one can construct the advanced decline line that indicator just made a new all-time high and as a general precept if the AD line is making new highs and that bodes well that suggests that the market is live and well we have no divergences there at all that AD lines and record high territory that tells me the popular averages are going to be following very very closely I also take the same data and massage it a little differently I do a 10 day 30 day advanced decline oscillator where I compute a 10 day and 30 day moving average of that same data plot that on the graph and it goes up above and below the zero line it has been coming down hill the last several days while the popular averages have been going sideways boy as a bull that's exactly what I want to see the averages going sideways indicators coming downhill what that does it looks off the technical overbought condition and it sets the stage for the next push northbound and that's what we're about to see here I think new highs new lows new highs new lows look very positive and the last indicator I compute from that series is what I call my unchanged issues index or I look at the unchanged issues and compute a 10 and 30 day moving average of that data and it is poking up moving higher moving higher and that means the market's moving up so everything looks well for the bull market express I think we're going to power higher how about the gold Stan what are you seeing I am not positive on the gold market I share your views I heard you talking about a half hour ago your your feelings are the metals the gold may have made a top I believe gold has probably peaked out as well if it hasn't it's awfully dug on close we tend to make cycle highs about every 94 months 94 96 months in that range plus or minus and we are right now 94 months from the September 2011 high we're in zone cyclically for the next high in the metals complex and I think we should stall out here shortly and start heading south I just don't see a good reason to be positive on the metals complex silver has lag gold considerably in this latest move up and and the last well gold tends to make spike tops and rounded bottoms which is just the opposite of what the stock market does the stock market tends to make rounded tops and spike bottoms and we've had a blow off move in the metals here the last several days it's reminds me of your typical spike top in the metals complex so whether the high is in or not I can't say definitively I need to see the metals complex break down I'll be watching that very closely Stan thanks for joining us buddy we really appreciate it Stan Harley the Harley market letter all you have to do is just Google that Stan we'll have you on again soon okay my friend terrific look forward to it thank you we'll be right back folks 877-927-6648 if you're in the CD market and looking for a secure investment the Tiger First Mortgage Program may work for you the security for these first mortgages of the tax free zone in St. Petersburg, Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four-year CD rate of 3.1% would give you income of 1550 per year or 6200 over the four-year period that same $50,000 investment in the Tiger First Mortgage Program would give you 3500 per year or 14,000 over the four years what should you prefer? 6200 or 14,000 of interest on your investment if you would like more information about the Tiger First Mortgage Program you can call me at 877-518-9190 that's 877-518-9190 Tom O'Brien published the 900th issue of his weekly newsletter The Gold Report on July 22nd it's amazing he started The Gold Report more than 17 years ago when Gold was trading at only $252 to celebrate we're having a special Tiger Dollar sale right now you can spend only $495 and we'll give you 200 extra Tiger Dollars so you'll end up with $695 Tiger Dollars which is the yearly price of The Gold Report Tiger Dollars can be used for any TfN newsletter or service this offer is open to new and current subscribers with gold making 6 year highs and gold mining equities trading higher this is a great time to sign up for The Gold Report at a dramatic savings for all the details visit the front page of TFNN.com this deal ends July 31st so don't miss out get your Tiger Dollars and sign up today for The Gold Report 900th issue sale will the S&P 500 continue to climb on US large cap stocks in either direction trade SPXL SPUU or SPXS directions daily S&P 500 bull and bear leveraged ETFs direction leveraged ETFs an investor should carefully consider a funds investment objective risks charges and expenses before investing a funds prospectus and summary prospectus contain this and other information about funds prospectus and summary prospectus to obtain a funds prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a funds prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC the bull bear binary option hour next on TFNN okay we're back folks and I wanted to bring up a couple of commodities that I believe we need to really focus on here folks one of the things that I'm trying to look at here is this cotton market let me get this up here to let you take a look at it because I haven't traded cotton in a very very long time but if you'll take a look at this down here this area around 63 cents we're trading this 7380 this morning in December cotton and it's a nice little butterfly pattern you know it's below the 78% level that's one of the negatives behind it but it is a it is a valid pattern and that's was taken two weeks to complete now excuse me it's a weekly chart so it's taken three months to complete so it's something to really kind of keep an eye on I haven't traded cotton in a long time but I'm certainly watching it just for the fact that it held this level of 62 cents a pound and that that was a very very important level remember back in 2016 cotton got down to 56 cents a pound before rallying to 96 cents a pound with that big ABCD pattern that's there and so keep an eye on the cotton it looks very interesting now one second please if we take a look someone's asking about copper you know I don't let's just take a quick look at the copper we got time to do that let's just get it up here and we'll bring it up here to take a quick look at the old red metal and I believe we had a buy in that and then would run up to a sell as I remember Mr. Z was trading both sides here we go HG let's get the daily up here it'll only take me one second to do this and yep it did complete a perfect ABCD well you'll be able to see this easy enough just to be just to be safe because it's a really nice one coming in it looks like exactly at the at the 50 percent level that's in fact exactly what it did so we'll take a look at the take a look at the copper here you'll see now that we're coming down there should be really strong support folks that we're 270 right now in the copper a two cents lower will be a very important spot that's going to be the 61 percent retracement from the low of June 8 where we went up and completed the ABCD we've dropped we've dropped ten cents in three days in the copper part of that was the fact that you know we had that high last Thursday in the metals that was gold silver everything was going nuts with the drop in open interest I might add and now we're backing off a little bit folks if we ever get below 255 that is going to be a very negative sign for copper on the long term charts because that would mean you're going to get down into that 230 level let me just bring this to your attention so you can see it a little bit easier just give me a second here to get it up here you'll see here on this weekly copper chart if we get below that 262 level you're looking at an ABCD structure that's going to take you back to the 2016 lows at $2.10 a pound and remember cotton excuse me copper moves a lot you can see what's happened from 2011 we went from 460 a pound down to 210 up to 330 and you know now we're in the midst of that range right now holding pretty good support at that 262 level but it must hold that 262 otherwise there's trouble in river city and you're going to be looking at something you know really really negative keep another one to watch is the crude oil folks because we're having problems with the stuff about all this thing that's going on with the UK tankers in Iran and the straits of our moves and all that stuff but the market's not acting very bullish given that bullish type news you know when crude oil is moving up strongly an event like that will send crude oil $2 a barrel in a heartbeat and crude oil moves $1,000 a day like nothing it's just like breathing for crude oil because it jumps around so much so it's a great thing for trading because it follows the patterns and the ratio is quite nicely but you got to know what you're doing in that market and we're running up to some pretty significant correction areas here at 5560 that was a low last night that was a major Fibonacci number coming off of last Thursday's low anything below that would suggest lower prices and the other one would be the downside several people have asked me here just chatting this morning about what I mentioned about the gold why I thought 11 excuse me 1430 was so important folks that's part of the you know the number of sequences that I look at if it gets above that number it's telling me that the market has changed direction as long as we don't get above 1430 that's telling me that we're still heading down we're trading at 1425 and a half right now in the August gold and so as long as we don't get above that 1431 level we have a bias to the downside in the gold market so that's what it looks like I'm just a technician I know anything about the fundamentals don't want to know trying not to follow them because I don't understand them so that's the main thing now we're getting the bonds breaking really badly this morning we're getting down to very very significant support here on a short term basis at this 114.07 level we just hit 114.08 watch that 114.06 that's a really important number there's an ABCD structure I can put this up and let you folks take a look at it shut the front door and raise the rent we'll be able to take a look here and you'll be able to see it really easy easy breezy hold on we'll get it up here time out take a little time out here this isn't a Bradley turn date Tucker I do not believe if you give me a second I can I can post that because I did that over the weekend I believe I did oh no by golly I didn't did I shut the front door I'll be darned I thought that I did that for the Bradley no the key date in the Bradley is August the 11th and August the 25th Tucker those are the key dates I had those written down here that those are the ones and I think the 11th well that was a big one here that's August I'm still in July so I don't have those numbers in front of me right now but it's August the 11th and the 25th August 25th is very important because that's a big anniversary date that was the high of the market in 1987 that was harmonic convergence we had five planets in the sign of Leo and no no in the sign of the cancer I believe the one after cancer I don't even understand which one of these of the zodiac which one we're looking at it's the one right after which one is it what's the one right after Leo it is can't no cancer is the one before I'll never mind anyway it's August 25th big anniversary date that was the high of the market that was also the day that the fellow that did the three peaks in a domed house George Lindsay he passed away on that day the high of the market and he this only fitting to be on a high day like that because he was a really a great technician he was on Louis Ruegeiser quite a bit and really a very flamboyant but he certainly understood the markets with a great deal of depth folks pay very close attention here to this British pound because it's could break really really badly here just like the Euro we get that Euro below 111 folks it's going to have 109 108 105 written all over it because that's going to break long term weekly stuff that we've talked about here on the show quite a bit so those are the key ones today to look at I know the stock markets up with all the news and things but pay attention to those currencies because follow the money 877-927-6648 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 that 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 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, 6 and 3 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 sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools 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sharply later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman Wave sequence using the Chapman Wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion and he also helps to encourage market day with his opening call newsletter right now you can get a 2 week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel it any time during that trial and pay absolutely nothing get your 2 week free trial to Basil's newsletter the opening call today by visiting TFNN.com this segment is brought to you by Think or Swim for more information just click on the link in the description below and then .com Okay folks we're winding up the show here today remember we have Rich Anderson on tomorrow on Thursday we have Tim boss and on Friday we have a special program with Bill Meridian cycles research Vienna Austria he's going to be on for both segments he feels it's that important he asked if he could do that and when Bill asked for something like that he must know what he's talking about because he really knows what he's what he's talking about okay regarding the grain markets folks you know we're down a little bit again the grains are starting to sell off we got such an incredible signal coming here in the corn here so pay close attention those of you that are in the 24-7 family which we really thank you very much for supporting us this is how we keep these doors open here at TFNN so the support is really great but watch the corn in here the bond position is working very very well so let's keep short those bonds I think we still got a little bit more to go to the downside even though we've had major resistance this more support here at that 15407 level below 154 folks is not good that's what it looks like of course but these are the things that we've got moving forward this week going to be very very active the volatile index that we talked about is going to get more and more volatile so start to begin to look at that the British pound I'll remember one more time folks we're down here at this level of this 124 and change level anything below 124 even we're trading 124 44 right now signals that we're going to be heading down even a lot lower much like we're looking at with the euro we're trading at 111 60 111 60 in the euro and it appears that we are heading lower but the key level in the euro is 111 0000 111 below that that's where the real problem lies that's where that double bottom is that's where the 1.618 expansion where the 1.27 all lines up that's what we're looking at so live every day in an attitude of gratitude and may god bless