 The following is a presentation of T-F-N-N. 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. Looking good, Billy Ray, feeling good, Lewis. Well, boys and girls, I'm going to give you a story going back to 1949, start of the Korean War. I was there in Clinton, Indiana, living with my grandma, Grandma Pez, and I had just taken a loss in World Potato Futures. And I was really taking it bad and she said, son, you got to get used to these losses. And she said, let me show you how to do this. And so she went into the old ice box. This is the kind you had the ice on top and they changed it every two days. And she reached in and she pulled out a crow that she had already filleted and everything. So she put the crow into the little pan, a little bit of olive oil. She put 32 parts of garlic, six parts of onion and a little bit of oregano and a little bit of parsley. And she let that simmer for about two hours. She took that out, put it into some aluminum foil and then much to my surprise, she went out into the garden and she pulled out some cow dung that we've been using as fertilizer. She took the cow dung and put it over the top of the crow, wrapped it all in aluminum foil and told me to go out in the garden and bury it. And so I came back in. She said, now in two days, she says, no trading. She says, when you get back, she says, we'll take care of this. So two days later, I go out, I dig up the crow. I bring it into the kitchen. I open it up. It was a terrible smell. And she said, now, here's how you do this. She said, you open this up. And first thing she did was she threw away the crow. She threw away the cow dung. And she says, okay, we're going to have some garlic and onions with some eggs. And after that, she says, you can start trading. Boys and girls, shake it off because you're going to lose a lot of times before you kiss a few princesses in this old swamp. I was wrong about the treasury bonds and treasury notes, folks, even though open interest is dropping like crazy over the last two weeks, decreases all the time, even yesterday, big decrease in treasury bonds. Now today, we're going to see what the treasury bond and treasury note open interest is going to be because if this doesn't increase today with this breakout, I'm going to take a nibble at it again tomorrow, but not today. I've learned my lesson. I'm eating the crow and moving on. Okay, let's get up here. By the way, we're going to have today at 12.20. We're going to have a special guest Basil Chapman show. Norm Winsky is going to be on. And tomorrow, we're going to have Shane Smolian will be on. We'll hopefully get him on for a regular assignment, and that's what we're looking for. And I want to point out today of the things here. You'll see this is the DAX was pointing higher. And of course, we had this explosive move to the upside. We saw pretty much the same thing in the FTSE, but the really interesting one last night from a trading perspective. And I happened to be up quite a bit of the time last night because I had some a little tiny, tiny bit of long gold on and short Euro. But I wanted to show you the chart of the E-mini S&P because it was just at the time when we were getting ready to have this announcement from Mario Draghi. And you'll be able to see, here's what happened. You were sitting right at the beautiful 78% level and right at a 1.27 expansion. We were down 12 points from the high and you saw that it just took off. And once we took that off, you know, with that big wide bar, that led to what we think is a 1.618 expansion coming in around 2915. But that was exactly at the time. You can see that almost exactly four o'clock in the morning New York time, it had that big explosive move and that's led to a breakout to the upside, which is not too much. That's something that you might want to look at. By the way, if you folks get a chance to listen to Basil's show today, I'm going to do a special thing on the Bradley model, my experience with it. And I think you'll enjoy it. It's a prelude to some day there might be something in the financial press about astrology that might come from this area or not. So that's neither here nor there. Now I did want to spend just a moment here talking about the hog market. I want to get this up here and take a look at it here. This is from Jim Long. He's with the Port Commentary for Genesis Incorporated and he's saying about how the hog market disappoints. Folks, this is in the midst of a terrible disease going over in China and hogs have dropped, you know, 53% in the last five weeks after the top was made. I bring this to your attention because the news follows the trend. The news is now just catching up to it. Hello, you know, give me a break. But hogs have reached some pretty good support, in my opinion. And we'll see whether that's going to be the case or not. Mike is talking about platinum. The platinum, we got down to 790 last night. I was looking for that area around 780. We didn't quite get there. And then the drogy thing came out and the markets rallied $15, $16. And we'll see what happens. But these are announcement things, very, very emotional stuff. I think it's very important that we would be watching, you know, what was happening. Here's what I was watching last night, along with the S&P. It's when that thing came out. You'll notice here's where we were with the Euro. We were, it looked like we were getting ready to make another 15 pips higher. And then exactly at four o'clock, the bottom fell out of this and it just dropped like a rock down to 1188. And now the Euro's below that 11, if it closes below 1180 today, folks, that sets up a breakout of that 1.618 expansion that we had looked at many times before. I'll get this up here and you'll be able to see it here. If we get down, excuse me, I mean 1088, not 1188, give me one second here to take a look at it. We'll bring it up here. Here's the Euro. We're trading around 112. Even right now, we got down to 111. 888 just a little bit earlier. And so it does appear that if we get below 110. 1080, we're going to be looking, I believe, at 107 or lower. Remember the long-term picture in the Euro is really nasty. I mean, let's just get this put this up and take a look at it. You'll be able to see this is where we're going. Yeah, Super Mario is a trade name. Helicopter Ben, Super Mario, they got all these wonderful nicknames. Anyway, you can see here, the small ABC on this takes it to 110 and the larger ABCD takes it to 105. So those are in the cards. But we are trading below the 61% retracement now and we've been here. We've been here for nine weeks and this is the third time that we popped above it and then went below it. So it's still heading down. There's no question about it. So the dollar is strong and it looks like it could get even stronger. We'll have to do one thing at a time as we as we look at some of these. So let's play. Oh, by the way, that's very good Terry. Thank you for bringing me here. I'm going to talk about some of the projects I want to cover and that is that Facebook is coming out with a cryptocurrency and that's causing the old bit to take a big jump. As you know here, we've been looking at this since that ABCD pattern had formed down there at the 30. Actually 3700 was the ABCD. The low was at 3200 and then from there we've had this heck of a run. Now we've got an ABCD structure that takes it to 10500. I don't know where it's trading right now but it might even be there already because with the news coming out about Facebook getting into cryptocurrencies that's going to put sort of a proverbial little bit of a what do you call it a blessing would be my guess. So we'll see. Could someone let me know what Bitcoin is trading at because I have no way to explain this stuff. This early in the morning we're coming up to our first break 877 9276648 The Taz profile scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day it's likely that you'll be faced with lots of decisions. In order to make the best decision the first thing you'll need is a strategy that will help you minimize your risks. In a bull or bear market a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. 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See for yourself how you can harness the full power of the Taz Profile Scanner by visiting the front page of TFNN.com today and you'll find the Taz Profile Scanner under the services section. Remember with a 30 day money back guarantee you have nothing to lose. Don't let another day pass you by without trying out this amazing piece of software that will revolutionize how you look at the market and how you place trades. Sign up today. Steve Dahl and Tom O'Brien have just announced a special webinar on June 19th for all subscribers to the Taz Profile Scanner. Steve and Tom will break down the trade matrix, market breadth, heat grid as well and you can use the Taz Profile Scanner to identify market movers and how to capitalize on that move. For all the details and to get started with the Taz Profile Scanner today visit the front page of TFNN.com with a 30 day money back guarantee you have nothing to risk. Go sign up today. TFNN has launched our brand new website. You can still visit us at the same TFNN.com URL but when you do you'll see a new and improved homepage with a much better definition whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions we even have new pricing in six months and yearly options check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors toll free at 1-877-927-6648 internationally at 727-873-7618 OK, back folks and I wanted to post the chart of the Dax index of course and then also I want to do the chart of the gold because if we get you notice they're talking about this candlestick the shooting star the shooting star has been shot out of the sky folks we backed off $20 and we're right back there to the 78% level 1358 that's not a shooting star when you see something like that a shooting star just starts lower and keeps going so that's what we possibly could be looking at at this particular point we have a shooting star possibly in July wheat but certainly not in the gold contract that's my opinion remember the possibility exists and with Tudor Jones on the bullish side of this is not going to be many bearish and we think that once we get above 1375 taking out all those highs going back to 2016 boy that's a really bullish factor here the gentleman that did this trading channel saying doesn't look at ABCDs but the ABCD structure on this takes you to $1500 without any trouble at all and believe me between 1375 and 1500 is only is not very far folks you know you're talking about what $275 we've seen gold run $100 during 2016 $120 so it's not it's not unusual to see that happen because if in fact this zero interest rates is coming and boy I don't understand it but if it's coming like all the big boys say it is it's going to be really interesting but I will be watching that open interest tonight and if there's a big drop in open interest today in treasury notes and treasury bonds the big boys better have their pants on because it's a big boy pants trade and if it doesn't keep going where the buyers going to come from open interest drops it's like open you know if you have if you have a haberdashery shop and you don't have any ties for sale and people want to buy ties you can't sell ties so anyway let's just remember what happens anyway wrong today looking at it tomorrow another one that we really need to watch of course today will be the utility index because we are really approaching another three drive pattern up here in utility up around that 830 level I don't know where that's going to be but we've broken out of course of that real key level in the notes excuse me in the S&P 500 we've touched that old high again so that we haven't made contract ties but we've touched that hold high again but this is a lot of emotionalism today folks so let's remind ourselves that that's something that we we should really pay close attention now there's a chart from one of our friends from the broker tech over benchmark securities that said it's very interesting this is about the Fed and it shows when Shane Smollion will talk about more about this tomorrow but see the market is leading the Fed you can see that the market is actually pre-empting what the Fed is going to do at this particular thing now I wanted to post another chart from Shane Smollion that will be on tomorrow that will talk about it and this was sent to me folks yesterday afternoon right after the market right before the market closed the fact it was right when I was on Basil's show between 12 and 1 and he said that this had a really bullish phenomenon here based on what they were doing with the Fed juice and he was certainly right and he'll be on telling us more about this tomorrow at 9.30 here on my show so let's try to stay tuned for that he seems to know what he's doing and that's the main thing that you want to keep reminding of what you're looking at okay let's move on here to another question that someone had and that's about Facebook and the cryptocurrencies folks I don't know anything about the cryptocurrencies all I know is that Facebook has been one of the stronger of the Fang stocks all along whether anybody knew anything about it or not you know I really don't know but all I can tell you just give me a second here and I'll get it up here take a look at it you'll see we're trading up into the 190 area now with Facebook without any trouble at all I believe are 192 or something like that I don't know what the last price on Facebook is but I think it's above the 78% level at 189 already so it's been one of the stronger of the stock so we'll have to see if that's going to be the case you know what I'd like to do I worked really hard to get this thing ready for the show for Basil but I wanted to show you this is the real this is the Bradley this was the key thing for me this was right out of Bradley's book from 1947 he wrote this book in 1946 okay see it's way above there see the thanks Terry it's 189 was the 786 and we blasted through that look this is the sidirograph I'll cover that at the Basil show at noon but this basically is that Bradley mine is the Bradley index you can see I'll explain with the serial potential is later that you can see the Dow Jones industrial it topped in late May actually the Bradley was due to top in early June and you can see it went down followed it relatively well he published this through Llewellin Publications 1947 no one ever did another year on this that because it was 40 years later 1986 when I was with Dr. Miller and down in Sarasota, Florida working on the book Astro Cycles of Traders Viewpoint and we brought 20 men and Neil Michelson from Astro Computing into it and we started run old years of the Bradley model to see how accurate it really was and it really does have some really amazing statistics but I wanted to show you where these numbers come from later if those folks like it then I'll do another segment with you guys a little bit later but I know most of you are interested more about the same old thing nothing but the charts and nothing but the charts if we look at this he many I want to bring this up to your attention here because we have not made new contract ties even though we blasted through the 78% level this morning without with ease with all this news that's out here and the old high up way and with the news related market that we're seeing today anything can happen and it usually does so let's pay close attention to it someone someone just asked me a question why was I up last night you know looking at things well there was a few things on my on my plate that looked really interesting that turned out okay I'll show you one of them is I've been various to Euro for quite some time and my AI program had an interesting turn right about the time and drug he was coming on which had a negative bias to it and it made a couple of bucks but anyway let's let's talk a little bit about the corn market we've had a yesterday was the full moon we had a little bit of reversal in corn and the dependence today is saying it's going to take a lot of warm dry weather to keep corn from going lower and I have to agree with that 100% now wheat has backed off 25% and that that was the weaker of the complex so and the soybeans are still strong they're backed off a little bit it's all very quiet this morning waiting for another weather report you know to come true with it so we'll do this one we're going to do now is we've got a break coming up and when we come back I want to talk to a little bit about real aggressive trading and some of the things that you have to do if you're going to be an aggressive trader this comes to my friend Tom and we'll talk about that when we get back from the break so take a moment here to thank everybody for what they're doing by the way anybody that wants the Bradley book I offer it for 25 bucks that they're on internet for 70 to $170 and I donate the money just send me an email that you want to get the book I'll send you an invoice 25 bucks we're going to send it to the gospel mission Tucson Arizona for White Sox Larry Pezzavento has just started his brand new service Fibonacci 24 7 and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends each Monday you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that 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 state 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 retracement to trade then Larry service Fibonacci 24 7 is something that you must 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 the front page of TFNN.com under trading newsletters the path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted don't miss out on this great chance to get a 30 day free trial to David's daily newsletter the path of least resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning 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will 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 folks I just been alerted that some of the folks here angry that I'm not gonna do the show this morning in my own show so I'm gonna do it I'm gonna repeat it because I think it's worth it it's I like doing it anyway and since it's my show that's what I'm gonna do all right let's take a look at this it's a dear graph again I'm gonna try to explain to you what this is this line that you see where it says sidereal potential okay that is a sidirograph a sidirograph is a combination clock of navigation device that keeps the sidirial time of the Greenwich median of longitude now boy anybody from Terro in Indiana that doesn't know that is really in trouble but that's what that whole book was about and anyway that's I got this book and we ran these things and it really had something going for it and here's here's what it's really based on I'm just gonna bring it this is page 26 it's gonna show you the valency or the strength of these particular things and you'll notice what it is done by astrophysicist and guy is from Yale University Dr. H. S. Burr and he termed the potential and highly adaptable play studies of lunar effects and this is how in other words if you look at the left the the X and Y axis it gave it a positive or negative or neutral and so that gave it a weight now some people what they do with the Bradley model is they give various weights and it comes up with a whole bunch of various stuff and I don't I you know that's beyond my pay grade if here's here's a perfect example here's a severe graph from someone I don't know I pulled it off the internet last night while I was watching all the stuff going on in Europe but you notice the dates up there June 4th you know we were looking at June 6th we're looking at August 28th not August the 8th and if you look at his graph down there you can see that August 25th is where it comes in you know right there at the high if it's if it's an effect or not and then look at the October November and we know all the history of the lows that are made in October November whether that means anything or not I don't know but people can change those those weights on those things and that'll change the whole thing mine is done exactly like Bradley said it was and all I do is look at those those key dates it had a whole bunch of stuff that was what I think rather rather important and one of the things was how to you know and Bill Meridian has covered this and and as has if you look at this you'll notice this is a chart that shows you know the bell shape curved and it shows as an aspect approaches how it you know the the approaching and leaving how the power changes and that's why you have to be really watching these things right to the minute and that's what that's what one of the things that Norm does so anyway those are just a few of the things and that's the main thing but let me let me explain to you this is really an important one here Jack golly gee Larry hold it let's put the old thinking cap on here this was one of my favorites right here this is from 1898 to 1947 what he observed was that this Venus Uranus cycle that you can see there the first one is a conjunction the next one is a trine then the next one was a conjunction and the squares squares and trines 90 degrees squares 90 trines but excuse me 90 and then the opposition is 180 so you got all of those there but shows that when you get those Venus aspects on those dates really high probability of a turn in the stock market and the reason why is there 233 days in the Venus Uranus cycle well Venus cycle to the earth is 225 into 356.618 of a year so that's why we looked at that and it's pretty good and I think Steve Rhodes does quite a bit of work on that to this day so that's another one and here's where this was this was the big turning point for me folks I'm gonna have to explain to this because I did so many years on this but this is a transit chart just showing where the planets are in the sky like if you were doing a birth chart this is the time you were born but here was March the 5th 2009 if you notice all these planets lined up in two houses I mean my goodness that's just a tremendous amount of stuff going on in one particular area of this transit chart I don't know exactly what it means all I know is when you see this boy pay really close attention to it because it's it really means a lot so what happened on March the 9th of 2009 if we pick up the chart this is from the newsletter that day coming into this week and I said that we were going to be looking at the largest rally in the stock market since 1938 I certainly got that one wrong because it's still rallying but anyway that was the low you can see the three drive to a bottom pattern it's a perfect ABCD the Dow was trading at 6440 I believe that day and from there we took off and we never look back and it was you know a big move you'll notice the two guardly patterns that were there it's a little white triangles that are there very close to Bradley turning dates and that was in the move down and during that move from September into late October early November was really a really happy time because happened to be short most of the time and it was a nice run boy I tell you though when the bottom was made down there you couldn't find anybody to buy anything Goldman Sachs had to go to Warren Buffett to get money so that could be a thing it was a generational change so we'll see whether that means anything or not but those are the things that you look for when you're watching these because these are just cycles that you're looking at and Bradley did this he never wrote another book he never published another paper I looked for everywhere trying to find the Bradley model where people had done things with it nobody did and that's when I wrote the book called Astro Cycles of Traders Viewpoint and then I had the Bradley model done and so I started a newsletter called Astro Cycles of Traders Astro Cycles newsletter and boy I had a lot of people doing it I just got tired writing it after four or five years I mean it's it's a really hassle this was before the internet I had to take that stuff in to be printed and in all kinds I tell you a great story I had a big date that I really liked it wasn't 1989 it was something else type is out broadsword to Danny boy broadsword to Danny boy come in Danny boy Danny boy Danny boy broadsword to Danny boy the chicken is in the pot the crow has landed the crow has landed I wish I wouldn't do it either Al but there's nothing I can do about it call Mr. Skype and anyway I had this letter to go out and I take I was always done by the folks in San Luis Obispo the handicapped folks they hand addressed everything and what happened was it was just setting there no one took it to the post office and instead of making you know looking really bad here I had this letter that didn't even have postage on it and all I had to do was make a few changes and send it back out so sometimes I was protected by that but the thing is what's going on but anyway we've got a break coming up here to protect you guys against me any further and I'll have another taste of the garlic and onion anyway let's just move on to the next one and see what happens to the next part of this we'll see what the markets are doing this morning and we'll double check to see what's going on by the way my AI program is saying that we're going to start higher and go lower in stock whether that's right or not if you are 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 are building lots in the tax opportunity zone this 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 $1,550 per year or $6,200 over the four-year period that same $50,000 investment in the Tiger First mortgage program would give you $3,500 per year or $14,000 over the four years what should you prefer $6,200 or $14,000 of interest on your investment if you'd like more information about the Tiger First mortgage program you can call me at 877-518-9190 that's 877-518-9190 it's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th, 2002 when gold was trading at under $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX the dollar, bonds, South African RAND as well as 25 different mining equities with specific buy-sell recommendations as of April 1st of this year the gold report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30-day money-back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of TFNN.com don't let gold's next big run pass you by, sign up today will the S&P 500 continue to climb for bull trades 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 fund's investment objective risks, charges and expenses before investing a fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a fund's 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 I posted a chart of what the prediction is supposed to be for the day from my good friend over in lost wages Mr. TV can always interested you'll notice that it should have a lower close than where we're trading right now whether that's going to be the case or not you can see the times here yourself and use it at your own risk because believe me folks sometimes it works and sometimes it doesn't let me give you an example one that it doesn't here is the report this is what was happening right at four o'clock in the morning you can see it was forecasting to be a big move up here and then a big move down with a big move down didn't come and just kept going higher and higher and higher so sometimes it works and sometimes it doesn't so oh President Trump just had a great conversation with President Xi of China extended next week in G20 and they're going to solve all the problems of the world how nice now the next tweet will be something else but we'll see folks one of the currencies that we're watching really closely is this Australian dollar because we are breaking down now on really really key levels here you can see here we're breaking below those double that support level and we're heading towards this double bottom down around sixty seven hundred in this so let's you know kind of keep a keep a close eye on it well what happened to gold son of a gun I could so look at the S&P shut the front door and raise the rent we are moving like jabizis they must have dropped rates again holy cow that's a good one this is good and all the bonds my goodness what's going on here we having lots of action and I'm on a TV show or a radio show what am I going to do here okay let's move on I don't know see what happens here we'll do one thing and I'll show you this just I'm losing stuff to talk about on the show folks I really am so I'll talk about the things that I like the best so I'm going to show you the forecast that I was looking at here in the bonds we'll bring this up here and you'll see here it's looking for a move down by golly we got that that's a good one so let's take a quick look here at the gold to see if that said anything let's just look here here's the gold let's get that one up here and see if that did anything hmm that's pretty good I'm thinking of maybe I should put this out for my subscribers every day and let the folks look at it and then see what's going on and we were looking for an up move in stocks right about now I think that's what we just posted just a few minutes ago we got that so well that's three for three that's not so bad you know you got to pick up oh maybe we'll have a chance to eat some more crow a little later but between that time at lunch I'm going to have some escargot since I'm in the mood for garlic today I better get some new material where's norm winsky when I need him let's move on here to the next one that I wanted to cover I want to mention to you folks the importance of what is happening today in notes and bonds I I'm an old timer boys and girls I only know one thing pattern recognition and all I do know is that if this treasury bonds and treasury notes have a big drop in open interest today the big boys they better be wearing suspenders because they got their big boy pants on and if it doesn't work that the way they think it is be careful that's the main thing to you know pay sort of attention to someone asked me the explanation about what it means on a sidirograph folks I read it to you I don't know what it means about an astrologer you know I look at bar charts and patterns you know I let other people try to tell me what that is 20 men knows what it is and he spent a lot of time looking at it we did do all those years from I believe it was 1903 all the way through 1980 1987 we did it all and you know we published a lot of them but sometimes it's perfect and sometimes it isn't but the dates are pretty good there's something there I don't know what the answer to it is I'm not sure someone's asked a question about the corn market I wanted to give you just give you an idea we talked about this last week when we had Mr. Z on the line here from the Tiger Den if you remember here we were looking at this long-term weekly chart on corn you notice that 477 was a big spot and we hit this corn yesterday got right up there 477 we backed off a little bit from that level but it's still early you know we don't know we'll see if it's going to be you know whether that's going to work or not so we'll have to wait and see the key today for me is to look at that open interest and treasury bonds and treasury notes because if it drops big and if it drops big we got there's a big trouble out there I mean because you're not having people coming into your marketplace to buy it it's just like opening a store if you don't have any inventory you can't sell anything and that's happening if you buy one and sell the other you got zero so if this thing keeps dropping there's no new buyers coming in to support the market if this is a big run today with a drop in open interest that means that's all short covering there are no new buyers coming in and when all the shorts are done covering you look out the airline window and say look out below because that's what's going to be happening here David White's got a great long US treasuries and now the world's most crowded trade replacing US tech stocks I have to agree with you my friend and I nibble at it you know sometimes you get right sometimes you get wrong I took a few hits at it but last night when we went to one went above 15503 I figured it was something big happening and there's going to be some other stuff dropping it but if we don't have something really good news on this open interest thing tomorrow that's not going to be good and you can do that for yourself go to www.cme well an earthquake in Japan oh dear not a sumo that's not good go to www.cme.com click on data move over to interest rates and voila bada bing bada boom it's right there in front of you it makes it real easy so there's a pretty good earthquake over there I've been in quite a few earthquakes living in California but nothing scares me as much as being in a tornadoes back in the early 1950s those were really devastating that's not the kind of thing that you want to look at let me review what these markets are doing because we're having a lot of a lot of activity we dropped a full point in bonds we've dropped eleven dollars in gold we moved another ten fifteen dollars higher in the S&P interesting one to look at folks if you're trading the grains watch the Christmas or July here at five thirty three five thirty four that's a thirty eight percent retracement and sometimes thirty eight percent retracement can be really interesting for low risk selling opportunities if you have a have a situation like that looking at oh wow I see something triggered here hold on just a second just a second my alert went off and I didn't get the didn't get a chance so bear with me here it's going to be really interesting there we go boy we hit a spot on docked on it here's the Japanese yen folks just hit it just a little while ago right at that one oh right just a tad at one of just a tad below the one oh eight and whether that's going to be it or not we'll have to wait and see because there might be a big change here coming in some of these things so pay attention could be very very interesting no question about it as it always is if you have any questions it's eight seven seven nine two seven six six four eight I'll be doing Basil Chapman show at noon and we will be having Norm Winsky as our guest at 20 minutes after the hour Norm's going to talk to us about some key times and he's been pretty spot on about some of these things and with the action that we're having today might be helpful might be helpful so we'll keep a close eye on it as far as another question about Bitcoin I have no idea where it's going folks it just looks like it wants to go higher the price objective is around ten thousand five hundred we're trading around ninety two hundred right now I haven't heard any news about the Facebook thing but we'll have to wait and see so eight seven seven nine two seven six six four eight 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 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born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your two 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 the think or swim banner on the front page of TFNN.com just in the second most popular one which is the treasury bonds you'll notice that the high today was an exact 1.27 expansion of that move I said in my newsletter if we get above 127 and 31 this market was probably going to go straight up we haven't got there yet and I don't know if this means anything or not but I do know this that if interest rate of this open interest has dropped tomorrow when we look at this let's put your dancing shoes on and get ready to tap the heads of a few bulls because they're going to get their little kabuki wap that's this is not good because if you know people have taken the other side of the market it only has one way to go and that's down we've seen this before we've seen it in gold we've seen in crude oil you know showed many examples of that so let's let's really watch this that's the real key today of all the stuff that's going on where the players coming from that's what I'd like to see the next question is we get gold right up to the 78% level there at 1357 and all of a sudden it drops $10 with all this bullish news hello federal let's pay attention to that one too the news is not doing well now we had a big run up in stocks and I really like that we'll see whether that's going to happen anything or not but we'll wait and see alright let's let's move on here we got another tomorrow tomorrow we will have Shane's million is our guest in a regular half hour show we're going to have him on for quite a while he's got some really great stuff about his new twitter service along with this fed stuff with the with the fed juice and stuff and as you can see from that first chart that I posted you will be able to see yes Terry I did close the bond trade the note trade had a stop at 31 that's still that was still valid but I got out of the bonds at 05 that was a $600 loss and so that's neither here nor there that's what the crow was all about but the notes didn't get to that level and I well 877-927-6648 stay tuned for Tom O'Brien