 Get over to our mammoth to Steve Rhodes as we do each and every Monday at 20 past the hour and don't forget folks, Steve has an outstanding show here every trading day, one to two Eastern standard time, also a great newsletter and mastering probability. Now it's very easy to get Steve's newsletter folks from over that website at TFNN. You go into newsletters and you're going to see master in probability right on your right hand side. You can get master in probability for one month for $149. You get it for six months or 6.95 which is the savings of $199 or 22% and you get it for one year for $11.95 which is the savings of $593 or 33%. Now they all come with a 30 day money back guarantee folks. So you can come over, get the newsletter, they'll have a great newsletter for a month. If it doesn't work for you on the 28th day just cancel the newsletter. Sometimes they work for folks, sometimes they don't. That being said, when you get the newsletter, Steve has a huge amount of archives on there explaining how he looks at the market so you're going to get an education that's phenomenal okay and then you have the choice about keeping the letter or not keeping the letter. Steve Rhodes what's going on? Well I heard you talking about Tesla and I just pulled up the charts, I haven't looked at the stock for a while and actually Tom two weeks ago it confirmed a weekly A to B equal CD to the downside. That gives us a one to one price projection of $107. So the monthly, I don't know that we have enough days left in the month out here. So the monthly swing point had $1.9 billion and right now we're at about $1.3 and a half or so. So I don't know if there's enough trading days, it does about a million, 100 million shares a day. I just don't think it's going to be enough to get there. But still yeah this thing is below all profile levels daily, weekly, monthly, a confirmed weekly A to B equal CD to the downside. So you know it's at $168 right now if it does get to that $107 level or lower like you were taking a look at, I think maybe you were looking at some volume or a swing point or what have you. Yeah, I was looking at the last time I had volume on the way up isn't it amazing when you think about it though like it's like it's so wild folks okay that you know unfortunately the shareholders are asleep at the switch man. Yeah and that's where it unfortunately because you know it looks like and I mean that's still a significant way down percentage wise when we're trading right now, right? I know, unreal, seriously man. Absolutely. So last time last week when we were together we were talking about whether or not the we were trying to answer the question have we begun a new bull market and my answer was no and the reason that my answer was no was because we take a look at this chart the S&P the Nasdaq 100 and the Russell 2000 they continue to trade within their descending price channels out there. So we can see over on the lower left out here it's only the Dow that is broken through that price channel the Dow's break of that price channel is confirming for me that global capital is flowing back to the big cap stocks out there and as we take a look at the Dow here so this is a really cool chart because this allows us to take a look at the Dow priced in the other major currencies so the left hand side is the Dow price in dollars next to that is the Dow in euros then the Dow priced in yen and Dow in pounds now this is a quarterly timeframe here and we can see that the Dow priced in those three currencies is made new all-time highs well after the Dow priced in US dollars is made its high out there so it is not a bear market at all if you're trading the Dow and you're over in Europe whether in the UK or just the rest of Europe in euros or whether you're in Japan right now trading the Dow and that's really important to understand and it's this global flow of capital that will eventually take the Dow priced in dollars to a new all-time high but he here is eventually doesn't mean that it happens tomorrow or the next day and we take a look at the weekly Rosemont Dominicator bottom patterns we took a look at this last weekend and this is one of the archives and one of the great tools that is included in a newsletter subscription out there so if you're interested in learning this pattern and you should want to learn this pattern because it works on all time frames all instruments these are the cash a Dow cash a indices charts out there generating weekly Rosemont Dominicator bottoms is real good signal of a potential bottom that is out there so which was the reason why we're entertaining have we become a new bull market now this table here Tom this looks at the performance of the instruments that we've got out here okay for all of 22 and then since our last bottom which was October 13th inside the market and so if we take a look if we kind of go from the right to the left the second row second column I should say from the right shows the rate of change over the one year over the last year during the last year not 12 months but since January 1st first first trading day of the year and here I've got the Sophie if you don't you know the charts didn't make sense to you and math makes sense to you can see that the Dow priced in euros for the year is up 3% or around 3% nearly 15% priced in yen 6.5% priced in pounds out there and off 7% in US dollars we take look at the performance of the S&P the Nasdaq and the Russell during the year you can see the Dow has held up much much better again another sign indication that global capital is flowing into the large cap stocks out there and it's the reason why we really want to pay attention to try to identify when that next bottom comes in and when global flow of capital is really coming into all the US instruments we can see here the US dollar index your king out there has performed very well up 13% for the year and I'm in your boat at the Dow is trading up into some resistance levels and if it takes it out it says we're headed higher so I my inclination is that that's what the dollar is going to do we can see gold here off about 5% of course lights we crude the big winner out there up 31% for the year so this table looks at that performance and the Dow has held up much better than the S&P the Nasdaq and the Russell so in summary understanding how instruments are trading in the major currencies is going to be critical from this time forward because a real bull market this is again is the Dow down to the bottom right here is one where the instrument is rising in all major currencies out there and when it comes to the US dollar you talked about that both gold and the Dow pretty much have an inverse relationship so the bottom portion of this chart is our correlation tool this is looking at in the left side gold versus the dollar on the right side the Dow versus the dollar when the bars are below zero and this is set for a five day average when the bars are below zero tells us we have a directional correlation on average during a five year five day period of time so I anticipate that when the global flow capital is really in full steam mode and we sort of saw this time coming off of that October 13 bottom out here we saw both gold and the US equity markets move higher and so that's what I expect we will see take place this time around when that global flow of capital is here in the US so it's already here is it in full force I don't think it's in full force because when it is we'll see gold and the US markets move higher and that means that the correlation bars that are at the bottom of the screen they'll all be above zero versus those below zero out there so what I want to do is you know as I never really tell folks what's included with the newsletter as you said I can't you an amount of of training education that is out there each afternoon folks I send out a end of day report that end of day report is take a look at the index ETFs along with each of the sectors inside the S&P 500 so part of the newsletter is to teach someone how to read the charts what the tools are that I have on the charts this is providing us with market profile information that's providing us with support and resistance levels here are the other set of charts are the other sectors inside the S&P 500 these charts show exactly what the indices are doing so I provide weekly daily monthly yearly charts for folks to take a look at and also included are these different tables so this happens to be a table that is just for the Dow 30 stocks if you wanted to know what the current what I think the current market outlook is for each it listed out there right there so Dow chemical is in a breakout bullish mode for its daily timeframe it's consolidating on a monthly and weekly chart and the monthly chart says the bull move is over out there so you get all this great information to help you understand where support resistances and exactly where we're at with regard to the patterns and folks so you just saw this right and if you're in the car remember talk have because it's a phenomenal newsletter there's a phenomenal amount of information out there and you'll learn it it's real simple get over there right now Steve you have a great one safe one look forward speaking tomorrow you too thank you