 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 this market today and as mr I'm okay folks. My voice is just a little hoarse, but I'm feeling fine The mr. Basil Chapman always talks about the bifurcated markets and boy They are bifurcating like they've never bifurcated before folks. We've got the Dow Jones up 350 and the Nasdaq down 200 that doesn't happen very often Let's just go on to take a look here at this Dow Jones I just posted it the Dow Jones e-mini. You'll see that we're right into that area Well, we blasted through where we thought was going to be a top everything that I talked about yesterday as far as those Astro things did not work. We went through the high of December 29th like it didn't exist We ended up with a break-even trade on that the gold trade worked out. Okay We ended up netting 2200 on that and they were flat right now Waiting to see the next pattern to unfold, but we've got some really big ones folks This is really an amazing day for a whole bunch of reasons. I wanted to post a couple of charts here So I'll show you I'll do the footsie in the Nasdaq just a little bit later But the Dow Jones is the interesting one now. This is the Dow Jones Industrial average itself folks. This is the you know the actual index and you'll notice here that we're right up in this area of right around 36,000 6,800 where we've got a whole bunch of things coming together But what's interesting here is if I wanted to show you just to show you what's happening here Here's the Nasdaq today and I'll get this up here so you can see this is with the with the forecast Of the AI and this was done, you know, well over two hours ago You'll notice here that we've been heading down to looks like an around 1145. That's going to be at in about 45 minutes You'll notice that we've had a drop from 16,500 to 16,002 It's actually gone below that at that point. So that's been that one has been going Straight down but on the other hand if we take a look at the Dow Jones forecast of what we've been watching for the Dow Jones You'll see here that the forecast has been for basically a straight-up move And that key time is just the exact opposite of what we have the Nasdaq now One of two things is going to happen the Nasdaq is going to turn and rally like crazy The Dow is going to be up about a thousand points today Or there's going to be something turning in the market now whether Whether that happens, you know, I'm not sure not but look let look at yesterday in the Nasdaq folks This is what's so amazing to me if you look at this just get this up here You'll be able to see it. This is the action of the last four or five days You'll see the low that we made yesterday right on january 3rd was an absolute perfect abcd pattern at 16,292 the low was 16,293 It can't get any closer than that Then we go up and we match the high of december 30th We take it out by one point and look what happened. We go from 16,560 We dropped 250 handles and so far that level down there at 16,187 has held I believe that's the 127 and that's also an abcd So this is really going to be interesting here to see what happens here Because we could easily see some type of a spectacular moves either up and down And I've always said that I think 2022 will be the You know be the one that really writes the record books as far as As volatility goes now our guest at the break will be Jeff huge of alpha insights Which we always like to have on and he'll be on at the 1130 hour Now let's get over to the footsie because we are also completing a butterfly pattern In the footsie. Let's just get this up here and this is a hold on one second boys and girls This is a four-hour chart that encompasses the last six weeks You can see here that we're right up here in that zone on the footsie Very very close to what we think could be a completion It but by the time I got this and posted it it might have already hit that and even exceeded it I'm not actually sure Uh, what's going to happen the next one we're going to look at here is the nasdaq Let's try to get larry. This is the uh, the doc Hold on second folks. This is the hold on just a second This is the german dax and as you can see here. We've got another abcd pattern Up here near the top Could be a double top It could be a breakout to the upside much like we've had in the dow Jones We'll have to have to wait and see what's going to happen, you know with that Later on but I put this up because we have listeners across the pond over in germany and also in The uk that like to see these charts each day. So that's why I'm more than happy to put them up I wanted to go over the mechanics of the gold trade That we did folks every well those of you that belong to the service that we have at 247, you know, we had a beautiful cell signal here in the nasdaq up at the hold on one second here get this up here There we go uh up at the 18 uh, excuse me 1832 level sunday night just It was on the air when we were putting it on it hit there twice about an hour later Then we made the head and shoulders pattern That came in at around six o'clock in the morning new york time and then boy from dow it went and the 61 Excuse me the 382 retracement on that move Measured to 1809 60 and we hit that 1809 60 and then we dropped all the way down made a new low and then of course the market Reverse now that means that these numbers have to be changed because As a new high is made or a new low is made you've got to be able to adjust your move And this is what i'm going to show you on the next chart here is what we try to do is after that high is in You can see that the next 382 comes in at 1811 and it shouldn't get any higher than the 50 percent relationship Level which is at 1815 so far By as of about 10 minutes ago that number had held But that once it makes a new low and it made a new low just by 10 cents Which was the first thing that you got to be concerned about because there's no selling there But anyway, we we sold it well covered it well and all we're doing now is waiting for the next set up But we have one that was setting up today in the crude oil Contract, let's just get this up here. I wanted to get this To your level here hold on one second here get this up here one second Unfortunately, I couldn't get it out in time because it was moving too quickly and I was busy Getting prepared for the show. You'll notice last night We made a perfect 382 retracement in the crude oil down there at 75 71 That's up sets up the abcd between 77 22 And 77 60 and the high today in the crude as uh was about 30 or 40 minutes ago I haven't seen what's happened since that was 77 Uh 63 so it was uh spot on right where it was supposed to be Yes, I know the volume is low and everything folks. I don't know why the most amazing thing to me And believe me I for all the subscribers and the folks here at tfn And what I do is each day I check the open interest figures And believe it or not folks for the last four days with this monster rally We've been happening in stocks open interest keeps dropping and dropping and dropping. We had a high open interest Back in october in the s and p 500 right around 3.2 million We're now running at 2.2 million. We've lost a million players A million contracts, but that don't make any difference, baby. She's still going higher Looking higher and looking good billy rake. We'll see you in just a few moments after the break 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, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors What's separating you from the most successful men and women on wall street? That's right Information having all the information gives us the perspective We need to place the right trades at the right time The task profile scanner is the premier market profile based scanner Powered by its acclaimed task proprietary algorithms This feature rich scanner instantly filters over 2,500 plus global financial markets Such as stocks ETFs commodities futures and forex This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time You can save $100 off your first month by using the promo code upgrade And you still get a 30 day money back guarantee So you have nothing to risk level the playing field with the task profile scanner Which you can find under the services tab at tfnn.com sign up today 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 in 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 eight 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 Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Okay, we're back folks and we've got jeff huge of alpha insights on the line jeff How are you doing my friend and happy new year to you? Happy new year to you larry. I'm doing well. Thank you Say listen, I want to compliment you again about your way you have approached this market You have said it was going to go higher the last time we had you on the Tube here about 10 days ago, and we've certainly busted out of every index that we've had You know going higher and higher you're one of the few people that have been suggesting this and by golly You've been 100 correct now I'd like to switch over to the your first chart that you're looking at which is your market analysis chart You want to give us a little feedback at what you're looking at this mark at this market at this time jeff Absolutely, I think the bottom line is this larry the trend is your friend until the end We do trend analysis every week And last Friday we saw the smp 500 post a new all-time closing high Today we made a new all-time intraday high at 48 18 on the cash I think 48 oh eight in the e-mini But uh, you know our target was published at 48 100 going into the end of the year last year We hit that target right as expected and the breakout above the prior high, which was 47 44 in the cash Gave us the ability to project a new measured move target of approximately smp 5000 So we have raised our our sites slightly. That's only about four percent higher from here But we think the market can hit 5000 and can do it fairly quickly We would not be at all surprised to see the market hit our target in january certainly in the first quarter But beyond that we do have some concerns Okay, but it's not going to hit it today, maybe because this is january Well, that would be a miracle if it did no doubt. Well, hey, we've seen miracles before Listen jeff the one we're watching now is the market participation. Uh, you're talking about narrow Do you want to explain to the folks what you're looking at here? You know the percent of stocks on the nyse trading above their 200 a moving average Most professionals would consider the long-term trend has declined over the last year from about 87 To about 55 percent at the end of the year last year and that's quite a collapse in participation It was even worse than the nasdaq composite dropping from around 75 to about 31 Now we did get a slight bounce off the lows, but a very very marginal bounce in the nasdaq So, you know our concerns really are that this this market is a market of stocks And there's very few stocks that are really participating on the upside You need to own the right stocks in order to make uh money in this market and you know, that's what's really driving Jeff you've been doing this a long time much like I have but I have never seen the now up 350 in the nasdaq down 250 in one day. I I have never seen any type of divergence like that ever Well, you know it 350 points isn't that much on the down percentage terms, so it's really not up that much But you know the nasdaq is down about a point point eight. I think uh, and the uh That was only up about, you know a little over half a percent. So, you know, it's It's bifurcated, but there's a lot of weaknesses and the big stocks are getting hit hard today Particularly the fang names Well, we've got companies like nvidia down five percent tesla down four or five percent apples holding up better than most down only one percent I actually think apple's a pretty good Interesting opportunity here because the breakout yesterday above 182 counts to about 197 short terms So I think we can get a nice little pop out of apple in the next couple of weeks That's a now three trillion dollar company. I guess I saw in blueberg Wow, really amazing now. We've got another chart here. That's interesting and that's the long term divergence here That you're looking at you want to explain to the folks What's pretty much what you've been talking about here that that's what we're seeing is that correct? That is, um, you know, it's typical for the market to make new highs Or for the market to diverge in terms of its momentum as the market Makes new highs in price before a You know meaningful top And if we look back in history going back some 30 years You can see that every major top in the market has been marked by a negative divergence in momentum now You know, we've been um big advocates of the 36 month exponential moving averages really kind of being the Very long-term trend And our momentum study really measures the deviation above and below that moving average Is kind of a measure of rate of change And even as the market makes new highs You can see momentum deviate to the downside just ahead of these big moves To the downside these big drawdowns and it can take many months in some cases years But usually at the few months before You see the drawdown and so we were about two three months into that That that negative divergence period right now. So The market is prime. No doubt about it Well, it's it's truly my see the s&p's dropped 35 points from a high already It's really having a rock and roll day. That's for sure Uh, Jeff. Yeah I would like to I you know, I you know, I when I have guests on I don't like to uh, you know Beat their drums too much because you know, people think that I have an interest in this But you know, I've been doing this business for well over 61 years And I have to put you in the top five Of people that I've seen that follows the markets as efficiently and as accurately as you do I mean, this is you do a tremendous service to the folks. So I I have to give you a high recommendation on that and boys and girls I don't get any kickback on any of these things. I never have taken a dime any of these 61 years I'll never do that again, but or ever but for heaven's sakes, you've done a superb job young man You you should be really proud of what you do. I mean, it's it's really really really good but Now you've you stumped me on something the next chart is something about a seven cycle 2022 And that is a shamita. What is this thing that we're talking about here? This is totally new to me What is this? Yeah, well first. Thank you for the compliment. I appreciate that So the seven year cycle is a cycle that goes back some six thousand years. It's actually biblical It really can be drawn back to the jewish agricultural cycle Where the ancient israelites were um Only allowed to work their land the landowners can work the land for six years But they had to take the seventh year off seventh year is known as the schmita or shamita And um, you know what it really means is to release or let go and so The ancient israelites used to consider it their sabbatical year And it was kind of a reset for the israelite economy, you know, you'd have six years where you know Landowners could really, you know make hay while the sunshine if you will and and some people didn't keep up And by taking that schmita year that that sabbatical year it allowed everyone to kind of reset it And some equity to be restored to the economy And so you know what we've seen really over the last 120 years Is that the schmita cycle is continuing to show up every seven years? And so um, what i've done in this particular chart is i've delineated the beginning Of the seventh year with a vertical blue dotted line And you can see that that blue dotted line lines up almost perfectly with the Momentum the virgins that we talked about just before you see a big drawdown in the equity market Wow, this is great. Hey, stay with us, jeff. We have got for another part of the break We could put me back back folks with our guests jeff's alpha inside right back Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with the sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30-day money back guarantee and become part of the tfnn trading community educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live financial content From 8 30 a.m. To 4 p.m. Eastern on market days stop watching on the sidelines while other people get rich and become the investor You were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including dartleys abc's butterflies and much more The art of timing the trade charts is designed to help you when scouring the markets for stocks Just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now We're offering licenses available at only 79 dollars a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Okay, we're back folks. We're speaking with jeff huge alpha insights And we're going to be talking about the elliot wave analysis that you're looking at jeff. What are you seeing here? Sure, um, so, you know, I I have two potential Narratives to discuss the first one's the preferred count on the left And what it suggests is that we're getting something of an extended fifth wave And if our thesis is correct and the market can trade up to around 5000 Which is just another four percent that we should see that fifth wave Extend up further before a top is in place. But once we hit That that extended fifth wave target of 5000 that will end both You know the intermediate term wave Uh progression as well as the cycle degree wave progression And once we end the cycle degree wave progression at wave five That suggests that we're in a new cycle degree Correction and that correction could be quite significant Indeed the alternate count to the right suggests what to expect over the course of The next several years if in fact we do begin a new cycle degree correction in 2022, which I suspect is possible Whether we top in january or in the first quarter. I think a top is imminent this year And um, I think it's imminent sooner rather than later And once we begin to break down in our initial Um, you know breakdown point is going to be 42 78 on the s and p 500 So if we close below 42 78 then I have to say that I believe the alternate count is in play and that wave a of a abc Correction that could take us all the way back down to where we started with this bull market last march of 2020 Which would be quite a a collapse in prices Over a period that could last say, you know something in the neighborhood of 24 months in my opinion And if we think about this even longer term That might be just the beginning Of a larger degree correction what we would call a super cycle degree correction and we can't actually um Know whether that's going to happen or not because nobody's ever seen a super cycle a super cycle is over 100 years 120 years And if we're peaking if the first super cycle ever to be witnessed in the equity markets Is is beginning then it's actually beginning as the cycle wave five tops That would be the end of wave one of super cycle wave one and we could potentially be in um a rather dramatic multi year if not multi decade corrective process that could bring prices back Um substantially lower and I'm not even you know reach out to project a level But um let's start with you know the first leg of of wave a down To try and get some sense of where we're going in and you know at this point It's premature to call a top. Okay. The trend remains positive You know Regardless of today's and you know market noise a 2% move in the market isn't enough to shake A professional investors out of their positions put it that way And it's going to take something that shakes professional investors out of their positions In order to initiate a decline such that the alternate account Alternate count of the Elliott wave analysis is projected Wow, that's that's really good. So 42 70 is the one we put a red pencil around If we get below that that we know well, we're going to have you out long before that number gets hit So we'll keep an eye on that number though I hope so Okay, now jeff. I want to put post this up here. So the folks have a way to get in touch with you It's very easy. Those of you that are listening. It's uh alpha insights Just go to jeff huge. You'll be able to get it right out any trouble at all And he also has his twitter name up here, which is alpha At alphas underscore insights And then you also have a linked in at jeffree wcmt. So and your website is WH Investment.com. So thanks for being on show now investment.com And we'll have you on in a couple weeks. Okay, my friend be safe and uh, stay with the stay with the trend Amen, brother. You absolutely 100% sure of that. Thank you very much jeff. We enjoy having you on for sure Keep up that great work, by the way All right, okay, folks. We're back and we're going to take a look at a couple other markets here that we want to cover I've covered the dax. I've covered the the footsie all these others But the main ones is what we're looking at today is to see what some of these things are going to be Doing, uh, we talked about I believe we talked about the crude oil Getting got up to that level so far that's held We've talked about the dow Jones So we and we the other one is that we were looking for At around 1130 we were looking for a high to come in here now This is interesting because we we've now reached the bottom in the nasdaq and we were still in the topping formation For the dow Jones. I remember the the red line has absolutely nothing to do with price folks It has to do with time So we're in that time zone now that if this is correct We should start down in the dow Jones and start up in the nasdaq in the s&p now These are just time factors. So you just can't rely on Anything other than stop placement and risk control and that's what it's that's what it's there for because if it doesn't work And if it doesn't work, then, you know, you've got something that's very very interesting Let's get back to that gold because I wanted to show you how important these numbers Really come into play when you're watching these fimp numbers the way we watch them for Extensions and Retracements and stuff you'll notice that the 382 retracement on this move came in at 1811 The 50% level came in at 1815 now this and that was just off the secondary high If you took it off the original high it would actually be lower than that So 1816 is the end of the end of the line in the in the bear market and gold We start getting above 18 19 Then all this was was a big $32 correction down from that high Which was the 61% on the daily now all of this is related to the euro and we had a really nice rally Going in the euro today. We went down for 112 It's I went 1273 we got up to rallying about 50 pips up and that's pretty much What you're looking at by the way if you have any questions folks, it's 877 927 664 8 we're going to have to be Careful on the number of calls coming in because Al said the the tote board is lined up And it's very difficult. I've got some charts to share share with you That we talked a little bit about yesterday But I think they're they're very very important and the first one I want to get up here to show you I believe where is it? Oh, that's not the one I wanted This is the one I wanted right here. This is the one that jeff was just showing This is the chart directly from the Elliott wave people I I watched that because the number that they're looking for was hit you know back on the 29th of December that that has not even we've broken quite a bit from there We've taken out the lows of last week and you'll notice that number was I mean we're talking It was absolutely perfect. You can't believe it's 36,000. This is the dow Jones larry stopped the front door 36 488 And it was pennies. I mean that was just absolutely spot on now the dow Jones one was very very close whether it's hidden or not You know, I'm not absolutely sure but you know what? Nobody else is easy. Let's move on here and I want to get back and show you the nasdaq on that shorter time frame We'll be right back folks Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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If you trade china a shares now may be time to take a closer look trade chAU or chAD Directions daily csi 300 china a share bull and bear etf's china a shares in either direction Visit direction investments.com 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 eight six six four seven six seven five two three 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 and active investors distributor four-side fund services LLC Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com then hit watch tiger tv dance tfnn.com then hit watch tiger tv Okay, we've uh been asked to take a look at robin hood which we will in just a moment But I wanted to spend a minute on this nasdaq weekly chart folks You have to respect the number of 1.618 You can see the first high that was made there then the big correction and then the big expansion move up stopping Exactly at 1.618 Very important number for trading interday outer day whatever day you want to pick when it gets beyond those numbers folks Your risk perimeters go out the window and you don't have any help at all No, we're going to take a look at robin hood and this is a very interesting stock as you remember Some people really liked it up here at eighty five dollars a share And we're slightly lower than that right now. I think we just hit a new low for the year is what it's looking like Yeah, well, not quite, but we've been going sideways between 20 and 17 or it looks like we're breaking down right now You can see the high up there. That was the ipo Okay Uh everybody in the world wanted it because they figured all the millennials would be coming in and maybe they did I don't know but anyway the the red box we've talked about this red box in here before This red box is the only a bcd pattern that this thing has had Since it started trading back in august it had a low of around 37 it rallied all the way up to 48 That was the high of that part in the red box. That's a little tiny a bcd It's not even close to a 382 retracement It is a 78 percent retracement from the high on august 23rd And then we just drift lower drift lower drift lower drift lower with no a bc It's in sight folks if this market starts down in the stocks and someday it might This is where we're going to have some fun because these are really strong trending markets And they have clues as to where they're going And part of those clues are the smaller a bcd patterns and also looking at the 382s But that's the main thing that you want to pay very very close attention to because markets don't go straight up I know this one has and it looks like it's going to go straight up forever But when you see action like this today you have to stop and think you've got about 15 stocks in the dow that pushed it up to 350 Where you've got all the other stocks in the s and p 500 We're breaking lower Jeff had a beautiful chart on that showing the divergence and distribution And then also the nasdaq we've dropped over 500 points In the nasdaq 300 or 200 some today Just in that so there's distribution going on in the market now This is a market of stocks as we've talked about before So let's keep in mind that we have to be able to watch some of these things as we go through Unfortunately, that's my by my very private line. There's nothing I can do about that So we'll not worry about it's already done. He realized that he was calling during the radio show So not a problem. Anyway, we're seeing some pretty wild action in here today. And that's what we really like to see I wanted I I spent some time folks looking at that nasdaq chart because that is really an incredible chart Showing the fact that the market could do that type of an action And look what it's done just just over the past two days. I mean you have to I mean this is a totally different market than the dow Jones folks. I mean, it's just like uh Hold on a second here. Let me get this up here. Just look at this thing today. I mean and and we went down to Oh, shut the front door and raise the rent. I hit the wrong button again All right, my fault. My bad. Let me get it up here. I'm technically challenged as we all know Okay, here we go. There was where we rallied to this morning up here. We were up 35 5 60 We went way below 162 We hit I think 161 and changed it was the 127 of that number And we're in a time where that should start to bounce and the other one should start to uh, Sort of get back to uh equilibrium, but we we have many different things happening folks This is going to be the most exciting year in all of these markets that I believe we've ever seen in my lifetime And I've seen quite a bit. I thought the 70s and 80s 90s 2000 2010 we're pretty good, but 2022 were probably set records In volatility like we've never seen before. So, uh, those are the some of the things that I'm Looking about by the way Al said that one line has just popped up if you want to try to get through Before the next break, you know, that would really be good But as Jeff Jeff huge made a good good comment folks The trend is your friend until it's the end and believe me we have not seen any indication of that at all We had our first chance I believe on december the 29th because we had made all those numbers it lined up perfectly with the bradley model Now the bradley model has uh, you know was That the 29th was supposed to be the high here. We are a week later A week is about the biggest band that you can get on the bradley. And so I don't see any astral things today, but you know, that's not my specialty My specialty is the short term pattern recognition and risk control But one week is about the maximum you can get on the bradley model And it would have to turn today and the odds that well, you could say the nasdaq's turned today Maybe a little bit in the s&p, but the dow Jones, which is basically only 30 stocks And when you figure there's only about 15 or 30 that really count that uh, it really makes a really makes a big difference When I look at that dow Jones, and I realized there's not one stock In the dow Jones that was there in 1929 the last one to leave was general electric And uh, so it's a whole new ball game and as it should be, you know, we've got wonderful things happening in the world Some bad things some good things, but we're going to make it through without any trouble at all the good news is The covid deaths for these new 19s were the all macron whatever it is It will be want to know me whatever it happens to be or a little less than everybody else, but I think once we Self vaccinate, uh, you know by immunity, I think we're going to be okay I don't know if the vaccines are the way to go or not, but we we're going to get through this at all We've only lost about six million only I've had two friends that finally passed away on this thing over the last several years, but Uh, if we could get through this winter without, uh, you know decimating our population I think we're going to get maybe a lot better because it appears that some of these things are Like a bad case of the flu. Hong Kong is now shut down again Uh, but they have only had just to stop and think how what how well they've done with this with the the way they self isolated and using masks and uh, it's really did a great job over there because you know, I I think they've only had less than three or four hundred people in Hong Kong, which is seven million Have died from the coven so it might be a little bit more than that But as a few months ago that was not much difference So whether that means a whole lot will have to uh, make a make a thing to look at now I wanted to share with you a couple other things that looked really interesting And I think this is where the real pedal will come to uh, reach the people on these things here Hold on one second. Someone is saying, uh Someone's bow is asking do I pull it all in a cash account and buy the vix or just wait Send it directly to me bow and I'll hold it for you much like I did with my can the box of candy with the three-year-old grandson I'll hold the candy for you and when you're ready to have a piece I'll only charge you a dime for the candy. How does that sound? Just be paid, you know, just be careful with everything that you do folks You know what I mean? You don't want to have a negative return. It's not about the money that you That you don't make it's about the money that you don't lose. You want to keep your losses As small as you possibly can that's really what you want to do. Here's what here's what's the real Here's the real danger here and very few people talk about this Look at the margin debt that we have here folks. We've never had anything like this before Now you look at the chart of the robin hood, okay Now there's something wrong with that picture. How could robin hood go from 85 to 17? And with this record margin it looks like robin hoods in big trouble And that second one there look at the amount of money that's in the market now record amounts Hey, we'll be right back eight seven seven nine two seven six six four eight 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 here 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 eight 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 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 basal 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 and stock prices Get the opening call newsletter by basal chapman in 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 of signing up tfnn.com educating investors Are you looking for a secured investment which pays you on a monthly basis? 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That's 877-518-9190 Okay, we're back folks And this is the time if the dow Jones is supposed to start to weaken And this should be the time that it does it if it's still going up in half an hour It's probably going to go up the rest of the day We just made a 382 retracement here in the s&p at the 47 What was it 40? I don't even remember the last digit 40 47 47 87 just made a 382 retracement in the s&p if it goes above 47 92 47 97 that would be wrong, of course But let's pay a close attention to it the NASDAQ bottom to right when it should have so did the s&p And now the opposite should be happening with the possible top in the dow Jones But remember if we're by the by the time Another 15 minutes if we're storing if we make new highs in the dow Jones It's probably going to go up to be six or seven points Six or seven hundred points higher today because you'd get a rally in the s&p in the NASDAQ But these these divergent markets boy folks if you don't use stops in these markets You're really you're really in big trouble now the crude oil hit the major objective that we're looking at today Which was 47 67 that was off of that 382 retracement. We looked at last night I sent this one out to show the folks right before that happened and The treasury bonds just think lower ruby treasury bonds look horrible and they're going to get horrible the ai for them Just keeps going lower and lower We broke through all major support yesterday folks that we were talking about In that market if you remember we spent a great deal of time talking about the notes And the notes shattered that number. Let's just get up here We were on the air when this was happening, of course This is from sunday, but we shattered that folks we went way below the 129 level In the notes and we also did the same thing in the treasury bonds This tells us that interest rates are going higher It doesn't make any difference with the stock market as you can see here that we've got these things up about What I don't know how high they've how high they've been 350 some points or so But if it's basically what we're looking at oh zs is up 30 75 What's the what's the price of zs now? I thought it was making a top at 320 the old high was 385 and guess what boys and girls We'll see you tomorrow on a higher up higher market Live every day in an attitude of gratitude and may god bless