 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 eyes charted the Posted charts of the Dax and also the footsie today you can see they've been in the downtrend and of course We're having a really really strong rally here. We're gonna talk about that because we owe mr. Bart de Leoni Jim Bart de Leoni from Bart's charts some really good heads up on that apple And we'll just go right into that right now by the way our guests at halftime will be Paula Douglas and That'll always be a lot of fun But what we're gonna do now is to talk about what Bart talked about last week when last week Let's try Monday when we were making this let's get it up here because we this is to me This was the key to this big rally coming. I'll walk through it the way I see it But you know what the heck it's just two cents worth. Anyway, this is what Bart was looking at This was the hourly chart. You can see that line that you know connects those dots right at the top That's a 20-man line it it had everything set up folks, but if it traded above 49 149 there was something wrong because the number was so accurate That it just should not have done that and it did it and when it did it that told us that the market was Probably getting ready to go higher and that's the real reason of you know why we're watching some of these things Let's get this other one up here. Okay, I think that's it. All right now Let's move on to Apple on the daily because I want to shoot Getting these numbers have to turn the phone off here folks. Just a minute here. I'm getting beeping messages and stuff so we have a Hold on just a second little family situation back there and tarot that have to take care of this Is what we're looking at here. He was all set up perfectly You see the back off that we had here yesterday. We got down to 44 after we hit 48 And at that time, you know, we were listening I was always try to listen to it Basil because you know as I'm working doing my work I have it turned on. I don't get a watch the charts or anything But just hold on one second. I somebody's panicking here. So just give me a second. I'm getting Skype messages here that From home and I want to make sure that there's not a problem anywhere So let's just move on here to second here and hold on just a minute here Okay, hold on just a second folks I'm sorry, but the only way I get this show done is to do certain things You know right now hold on and then I'll be right with you just a minute Shucks and if I only knew it, you know, I was married to a typing teacher and I still don't know how to type Okay, all right now, let's move on I turn that thing off and we'll be okay You can see Apple once that broke out that was really good But there was other things that were telling us that the market was probably making a bottom and it was right at the time We were on the air yesterday. So let's get this up here to take a look at it I think we'll be able to see it here and this is it We'll take a look at the that this has happens to be the Dow Jones folks because I want to share some information with you I have you know, I when I talk about Fibonacci numbers and patterns and stuff like that a lot of people You know, they think they're very skeptical and they don't believe it. Hey, that's fine You know, I have no problem with that but take a look at this folks You can see here. We were making a three drive to a bottom pattern on that Smaller there's a small chart five minute, but look you're making it a three drive pattern There's drive one drive to drive three right at the bottom. You're taking out the July or the June lows You know and that didn't mean very much did it and look what happened We had this big run up and then we had a 382 retracement last night And then today right when that report came out right another 382 to the tick I mean, I'm not talking this is a index that sells for 30,000 and went to the exact point now Do that many people understand what the 382 pattern is? I don't know All I know that you know, that's just one example Let's just move on here. Take a look at a couple others. I sent these out because these were These were very this was early in the morning about 230 when I got these and I wanted to share them with everybody But look what happened Whoopsie daisy. There we go These are two markets. We got crude oil. Look at that to the exact tick It stops and it went you can see where it is now I mean we went way way way above it and if you look to what happened yesterday It made another one right there. Look at the euro right there. Okay now the euro. I Hope hold on just a minute. There's something real busy here. I Don't know what that is. No boy. Everybody's calling me today. So I'm not gonna Not gonna worry about it How do you turn this thing off just a minute? Come on. Come on. Come on. Come on. Come on. Okay. All right If you have any questions folks, it's eight seven seven nine two seven six six four eight If you have any questions, I'll be I will try to answer the best I can and then we'll move on But I have to show you a couple other things because the to me And I'm biased, you know because I sort of like this stuff, but it's it's really really very important Here is the let's get this up here today I wanted to show you Something very very important and I want to make sure I get it correct. It's this one right here. I think Nope, that's it Yeah, this is the one I want to show you right here This is today. I blew this up because this was very important because this market Was was really telegraphing that it wanted to go higher look at the three eight two retracements In there this was one early in the morning probably around 2 30 or 3 and this one Of course was around 6 30 when that 5 30 when the report came out and of course We went way off the top of the page on this and we're continuing into have a big rally So that's what we're paying attention to here today. So we need to watch it there if you're in the corn position it's working well just keep your stop in lock in at least a $500 profit and Let it rip because we're in the growing season and if any slight little variation happens It's going to be really really lights out over there and you want to want to be able to Pay very close attention to that now I want to bring another chart up to you because this is really quite important from And I'll go through because I'm trying to get the copper folks But I'm trying to do it in a way that makes sense. So give me a second here We'll walk through this together as we look at this. Let's get this up here. Hello operator. There we go Okay, all right, there's the wheat market folks. Can you believe this? I mean look at this I mean, how do you get a market that is goes limit up limit up and stop there trading up there around 13 dollar 13 $14. Okay, and then today you take out the Jalilo's at the $7 and 96 cents I mean somebody's either feeding somebody a bunch of bologna or the bologna is more than like schizes That's all that's all I'm saying. I got a well Look at the pattern here folks. Look at the pattern up here We talked about that then you come down you make a 382 and then you collapse Now everybody wanted wheat a month ago, right now. Nobody wants it. So I don't know All I do is look at the charts People ask me do you do you watch the news? I watch the news because I have it on mute But I watch for alerts, you know, if the Prime Minister of Japan gets shot I want to know that I want to see how the end reacts, but that's it the rest of it doesn't make any We're gonna take a break 877 927-6648 we're gonna talk about copper next Time of glooming inflation we are purchasing powers eroded There's no better place to protect your harder and money than ain't gold This the golds flagship asset is the Monk Todd gold project in the northern territory of Australia This is Australia's largest unveloped gold project. We are talking a world-class gold project in a tier one mining district This is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction This the gold just completed the Mount Todd feasibility study Which resulted in a seven million ounce gold reserve in a 16-year mine life All of this combined with the approvals of all major operational as well as environmental permits This distinguishes Mount Todd as an attractive Dearest pot ready development stage gold project. This the gold trades on the New York Stock Exchange under the symbol VGZ 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 and stock prices get the opening call newsletter by Basil Chapman and 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 Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing it number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge With anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNN all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit TFNN.com and try mastering probability 30 days risk-free today TFNN educating investors toll-free at 1-877-927-6648 internationally at 727-873-7618 okay, folks, we're going to take a trip down memory lane here with copper because Something very important has happened in copper and I say this is from a number of standpoint Don't know diddly squat about the fundamentals could care less, but here's a daily chart on Coppered as you can see here. We made that big APCD high there at five dollars a pound Then we made the 1-3-5 pattern and then the guardly right here before the big collapse and look what's happened to copper folks I mean it's falling out of bed You would think the stock market would be trading 2,000 points lower if dr. Copper is right Okay, stocks are acting a whole lot better Basil Chapman made that comment yesterday Which I thought was apropos the fact that copper was dropping so much and yet it was not affecting the stock market All that's why you got you're going to trade copper trade coppers You're going to trade stocks to trade stocks and folks. I'll tell you I shouldn't because I really I'm a technician I don't care the news if they tell me I don't you know, I listen to it when it's You know what I think might be market moving. Yeah, then I'll take a look at it. Somebody's assassinated Devaluation something like that. I'm going to do it but other than that folks all I do is look at numbers and That's it. I hear we're going to go on the weekly chart on copper gives you a clear picture of where we are right now This is for you mr. Z because I know you're watching this very very closely We'll get this up here so we can see it. There we go Okay, there's the weekly chart on copper now. We made a low last night of 313 and the the Fibonacci number and this is on the weekly folks This is on the weekly the Fibonacci number on that was 317 I don't I would thought we were trading a tad above that right now but you know if that doesn't hold you you can see it went through the 50% like it didn't exist and It's gone a little bit below the seven the six one eight here But if we can hold this and then it's got a chance to rally so I You know, I'm not buying copper I'm just saying that it's much better to buy it here Then way up here when you're making that three drive to a top pattern when all the news was bullish and if you remember at that time There were news items. I laughed it when I heard it is that China owned 50% of the outstanding copper in the world I heard that on I believe it was CNBC or Bloomberg I had one of the when the guests came on that Was a very very interesting at art cash in used to be on quite a bit art and I this art and I are the same age unfortunately his health is deteriorating and I don't get to talk to him anymore But one of my favorite quotes from art cash in was he says be very careful about listening to the Recommendations of people that are not old enough to shave and then he said that includes the girls also and I last so hard That's with when Mark would mark when Mark and what was Mark's last name? Oh dear Mark Haynes when Mark Haynes was on He was a good friend of What what you call it? Art cash and I don't know if you know the story behind Mark Haynes folks But you know he was replaced by Joe Kernan and was asked He was actually fired is basically what happened. He took it so bad He died of a heart attack the next day and that and I'm sure that's what brought it on But he was he was totally devastated. I know I he was on for so long. It was so good. I Just I just was shocked, you know that fact that he passed away that way So half the way a little bit differently here. Okay, we're gonna get off of the charts a little bit We're going back to tarot Indiana. So stay with me here. This is a part that I want to try to share with you I'm gonna try to get my sister to send the picture of John Dillinger with my My mom and her cousin now. This is from the tarot Tribune newspaper back in 1958 That's me on the far right there. I was working with them during the summertime I was 17 and I was working for Mies Lou Mies at Mies Brothers and They had a Puritan sweaters Was coming in and people could buy sweaters if you look up here You can't read it because it's too small but you could put a dollar and a half down on layaway folks and The sweaters were around 15 bucks, but you could put a sweater away for a buck and a half now What I'm going to show you here. They asked me to go to the the five high schools there and tarot and get you know The people that you know were popular at the time athletes or whatever and so that's what I did If you notice the second from the right over there, that's Tommy John right there I'm two years older than Tommy. He was a sophomore and to the left of that is Kenny Kenny wrote a bunch of songs that were in the top 40. He passed away pretty good Mike Mike Petty here. He was a cardiac surgeon in Indianapolis and and he passed away both of these guys played major league baseball They got up for a cup of coffee, but that's pretty much it But that's what we were we were doing There's a flip side of this for the girls sweaters too because I got the the cheerleaders from the five big High schools, but this this really this is my connection to Larry Bird folks The reason why I'm bringing this Lou Mies was the guy that hired Larry Bird when he came from the French lick after he Dropped out of school at Indiana and gave him a job as a night watchman at the Mies brothers I mean, I'll put that with a little tongue-in-cheek. Okay. Anyway when You guys want to hear technical stuff. I'm getting flack about that So hold on just a minute. We'll get back to the technicals out there I thought you'd have an interest in that and I missed that one. So let's let's go back to what you like If you like three eight twos boys and girls, I'm going to show you a couple others here If you're having trouble with your trading just learn how to do the three eight twos and that'll that'll solve your problem Let me let me ask you a simple question folks I've shown you about six or seven of these the major ones, you know gold crude oil, you know that the S&P and Gold and in the Euro the Euro being the biggest. How can the market go to those exact prices? I mean within 50 bucks How can it do that time after time now sure it loses? Yeah, some of them don't work But how can it go to those and stop and then turn now that in itself should be something that you should pay attention to The next time I do a live trading day, which will be late in the fall probably That's I'm going to really try to drill that in just in a simple trading system of what I'm doing I spoke to Tom who guard today and Tom has swings that most most human beings would not be able to comprehend what he does With his trading because he trades. I'm talking six zeros Minimum okay, and he'll have swings of six zeros Monday Tuesday Wednesday Thursday something like that and this past week. He's already said this on his telegram He loses a million dollars one day. He makes a million and a half the next He loses a million one day makes two million the next and today I could tell something in his voice was wrong, and I asked him I said what is it and he said well He said I weren't really talking about I said I know what it is and he has he has trader fatigue and You know he's playing with the big boys. I mean he's he uses huge positions I hope to have him on with the day trading thing just so you can see You know what he does with money management stuff, but for him to lose a million dollars I mean it's really you know that not that much at all now. This isn't managed money This is his own personal money that he's made in the market. So hey We got it we got a guest coming up here Paula Douglas will be with us in just a little bit and we'll see how that works out and we'll go right from that level and See what's moving on here hold on just a second, and we'll see where we are okay, I think we're moving along pretty good here and We got the stocks who I got dialed jump down Jones up six. Hey, we'll be right back with the Paula Douglas 8779 2 7 6 6 4 8 If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30-day money back guarantee So you have nothing to lose every Monday morning I publish the gold report with coverage of gold silver bonds the XAU HUI GDX as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting TFNN comm don't miss out on the next great gold trade sign up today TFNN is excited about our new software charting program the art of timing the trade charts in Collaboration with Tom O'Brain 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 traders 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 guardleaf ABCs 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 a month. 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Don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting TFNN comm Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority and technical market analysis, and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN comm 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 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. We're lucky to have Paula Douglas Paula web Douglas on the line today Paula. How are you doing? yourself Larry Hanging in there. Okay, guys. It's a very very clear. How are things over in California today? Everything all right? Everything's good little warm. Yeah, what is it there about a hundred hundred and fourteen there in Palm Springs? Yes, yes. Yeah, that's a beautiful area I used to hang out there when I lived in California went to Palm Springs a lot boy I tell you there's so many, you know celebrities that live down that way that you know, there must be something and It's really really a beautiful place with all the lakes and the beautiful palm trees and stuff But to get a little overcrowded there, isn't it? Um, yeah sort of um, but you know one thing is you can go to any restaurant and you you do run into celebrities couple weeks ago Friend of mine. We had lunch at Lulu's which is right downtown and we sat right next to Barry Mandelow. Oh My goodness. Wow. Yeah Super cool. He didn't mind anybody coming over to the table and getting autographs and all that kind of stuff He's just a happy guy Can I tell the folks a story about Johnny bench? Sure Paula was out shopping one day and There was a guy there and he you know, he played baseball and you know, he didn't you know, he he sir Excuse me, sir. I'm sorry Paula. I got you mixed up She doesn't follow baseball very much. Well, not at all actually and so she calls me up on her cell phone She says there's a guy here that That he says he's a baseball player and he wants to buy this expensive piece of furniture and stuff and he was making some Moves on you and stuff and so as she says I said describe him and she described it to me and I said I think it's Johnny bench and it's you ask him and he said yeah, so how did you know that? It was just by the description Paula said the guy has huge hands and he does he can hold five baseballs in one hand folks Believe it or not. I mean stop and think of that. That's just incredible, but he was a great player. Hey, what are we doing? We're talking away here. Let's talk about the markets or what do you have for the folks today PT? Okay, so I've been talking to a lot of traders lately and they keep talking about how they can't wait for things to calm down And get back to the way they were so they can just start trading normally again And unfortunately guys, you know, I'm not trying to be a downer here, but these are facts There's no going back to prior to 2020. Okay, it's that has ended so Unfortunately, what we have to really adopt is the phrase that you know that Mark and I have been teaching since the mid 1980s is that you never know what's going to happen in the market. You never know Okay. Yeah, I mean, you know this Larry We're you know, we've been over this and all our joint workshops and everything and especially nowadays We have no idea what's going to happen Pretty much in all areas of our lives. So the challenge for traders is there's an underlying current of uncertainty of Not really truly not knowing what's going to happen in the markets And for those traders that haven't really adopted that belief that they really don't know that it's just an educated guess of a probable outcome They really have to stop and and realign their mindset into knowing that the only certainty right now is complete uncertainty and That's and but that's the beauty of the markets And that's why we get into the markets because there's the potential for unlimited money Unlimited profit more money than we've ever made before, right? So if we embrace The the certainty of knowing anything can happen meaning we can realize our wildest financial dreams If we embrace that mindset Then the sky's the limit Yeah, boy, that's for sure the mindset is so very very important I remember even back in the days when you're in Chicago in the early 90s When you were living up there at the penthouse there overlooking the lake the traders would come in and he had usually about two Or three traders a week would come in for their their consultation and these these were just what we call home run hitter sunny some of them were just You know household names in the trading world and they went through the same things that new new traders have I mean It's it's with you all the time It's something that you know you it because you don't know what's going to happen next you have to train yourself To realize that you don't know and it's no big deal because nobody else knows either Exactly. Yeah, it was Yeah, it's not a matter of experience or how many years you've been trading it has nothing to do with the equation You just have to understand that I'm gonna do my best with my analysis and and use my system to the best of my ability Follow my rules But still understand that it's a probable outcome on every single trade or set of trades you put on But that's kind of exciting too. It's like you never know what's gonna happen. So it's like boom. Hey, this is kind of awesome It's it's not a boring job. Is it? Yeah, well, it's it's incredible actually is it okay if I shared the story about how Mark work would Robert say John he was probably the number three Bond trader during the time you know when bonds were crazy during the 80s and 90s and Robert would make in the first hour of trading he would make As much as maybe a million million and a half that was unusual was it Paula to make that kind of money Yeah, pretty much. I mean he would have like one trade would be quarter of a million, you know, so yeah Yeah, and so what happened was he would make the money in the first two hours of trading bonds And then the next three hours of trading he would give a half or all of it back And and so I remember And Robert is such a low-key guy, you know, right mark said to me. He's look. It's really simple. You only work two hours You know, you work from seven that you only work from seven to nine and that's it And he says well, what am I gonna do? He says go shopping. He said do something He said you're gonna and he did that for a couple weeks. And oh my god He made he made so much money that it was incredible And under the worst possible Circumstances, so anyway, those were some of the people I'm sorry for interrupting give it. Please continue. Yeah No, I mean, and that's a good point you bring up because you know, I teach this to traders and I say look, you know Find out what days of the week and what hours of the day you had most of your winning trades And then just focus on those days and those hours You don't have to be in the market 24 7 or 7 days a week to make money And I tell them about Robert St. John and and the Richard Dennis's and the J. Alexander Stevens I tell them with these people that we worked with not Richard Dennis, but the other guys and it's like They they don't believe it and they think we have to be in it to win it and I whoever coined that phrase I'd really like to strangle because you know, that's that's not true Yes, you have to be in a trade to make money, but you don't have to be in it 24 7 Yeah, that's for sure Do you have any specials for the folks? I know you you offer them free consultation if they call in to see what's wrong with their trading and stuff Right, you know and anybody from the show, you know gonna get 20% off any of our products or services That you purchased through us not elsewhere on the internet. Thank you and You know just keep in mind that you know as we move forward through these uncharted waters Basically political waters, let's be honest, you know, just remember to Inhale the future and exhale the past as you know, Larry Mark was huge on meditation. Huge Oh, I mean two hours a day minimum and he he and I could not have accomplished what we have accomplished so far without doing that it comes from the space of centering and knowing what you're thinking and That's what I'm really focusing on right now is if you don't know what you think and why then you can't Take profit and keep it and almost every trader that calls me up. I tell this to Okay, PT. Thanks for joining us dear. We'll have you on again soon. Okay. Be safe. Super sounds great Stay cool. Stay cool. Okay. We'll be right back eight seven seven ninety seven six six four eight Tfnn has been your trusted source of analysis for bonds metals stocks commodities and options for years And we are happy to announce that we are bringing that same caliber of analysis for the forex market Teddy Keck stat has 30 plus years of experience in forex trading commodity risk management forex hedging volatility and so much more Teddy releases his weekly tiger forex report every Monday morning with elite coverage of all major currency pairs including the DXY Euro dollar pound dollar Aussie dollar dollar yen dollars Swiss franc and so much more Teddy will recommend specific trades when the market presents them and provide updates throughout the week when warranted for the month of July inaugural members to the tiger forex report will receive 25% off the monthly subscription for as long as they're subscribed just use promo code Teddy 25 to lock in the added savings. This offer is good only for the month of July So do not miss your opportunity to save on the tiger forex report Tfnn educating investors The technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices Target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 dollars and 50 cents Sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee Tfnn educating investors Are China a shares hot or not? 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 ETFs China a shares in either direction Visit direction investments comm 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 866-476-7523 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 This program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ Okay, folks, I put the chart up of the monthly euro now I We're gonna give you a little bit of homework to do because if you will take a look at this part of The down move in the euro. Okay, if you go to the weekly This is the weekly and month this is a monthly to go to the weekly and look at this part here on the way down because if you measure and the A be I know you get tired of seeing a B CDs all the time I don't but most people do anyway, you know, if you'll if you'll look at this time frame This is over the past six the last year and a half We have broken, you know from way up here 114 and whatever it is now We're down to par we went below par But the reason why we went below par if you'll look at the weekly chart It will show you that the low that we made yesterday at that nine It was point nine seven nine. I believe was a perfect number Looking at this on the weekly chart do it yourself. That would be a really good thing to you know, take a look at so That's the main thing you want to be watching as you're looking at some of this stuff that it's a it's really quite Exciting when you when you do take a look at it. So let's boy Gee whiz a the corn has moved down on the day folks So make sure that you have your stop in here because you know, it was up at six oh nine a little while ago I think some in that area. So if it gets to that area again, then, you know, you want to be You want to be able to stand aside and and see see what happens with it? So that's a paint primarily what we're looking at here this morning and we'll go down But I just realized that someone just told me that wheat's down 21 cents Folks realized here that we were just just two just two months ago. There was no wheat in the world Remember and now we have wheat down at below eight dollars. So it's dropped $20,000 per contract and nobody in the world wants it. So anyway, that's a you know here near there But you know, I I just look at the patterns and we broke down below the Jalola Below the July lows and now we're getting ready to we're gonna be cascading down It looks like more so I'm going to keep my eye on the wheat But right now it's just not quite up to snuff. So we want to watch that very very closely here Okay, now let's move on to the another one that I wanted to cover hold on just a second By the way, I will be doing David White show today at two o'clock David's a tight tad bit under the weather. So I will be I will be covering that Quite a bit. Let's move on over here To the crude oil because this was what we were watching earlier in the week Let's get this up so we can see it here and we'll be able to see it relatively clearly And there we go right there. All right. Okay, as you can see it here. We had this one three five pattern There's one three five right at the three a two and folks we went all the way down to 91 We made this very large ABCD down here at 91 and from there that was the day On on Wednesday where we had a 14,000 $14,000 move In crude oil, we were down five up a that's 13 and in between there was a $2,000 move So we'll figure $13,000 up and down and we continued to go higher and When when you start to see these really wild swings like that There's a way to try to stand in front of it or at least look for it Okay, and that way is the three eight two pattern and if you do that, you know, it's going to help you Let's just just just to show you again I'll bring it up from what we were doing just a little while ago at the beginning of the show because to me It's that important to pay attention to it Unfortunately, this was happening at three o'clock in the morning and you'll notice there we went to the exact price on the Crudible right there. That was an exact three eight two and from that level We've gone three dollars higher and look at the euro right here right exactly three eight two This is the largest traded thing in the world and from there. We went fourteen hundred dollars higher So there is what we're watching from that you want to pay some very very close attention to it because It's it's important enough That you see it so often that you really have to pay attention to you know to what you're what you're looking for So let's let's look at that when you we're talking about the corn and the wheat and stuff like that beans are down You know for folks. We're starting to see, you know non-inflationary things happening over there in the In the great markets and then also in the meat markets So maybe the great the agricultural part is off base or something's not right But we're in the middle of the growing season with not really good conditions and yet the grains are breaking That tells you that maybe the orders for you know the stuff to Europe and in South America and Africa and stuff are not gonna happen. I don't know what that is But I have to pay attention to it So no matter what make sure you lock in a profit on your corn of at least 500 bucks And then let it go because if it's wrong you want to just stand aside and don't mess with it It's just not it's just not worth it by the way with someone that well I can't do that because I can't get an answer if you have any questions folks It's eight seven seven nine two seven six six four eight and I wanted to share one other Futures with you here hold on that we don't see very often, but I want it's down in an area You talk about a commodity that's gotten actually whacked Really badly here if you come up and take a look at this you'll see that this is Cocoa and look at Cocoa folks. We had a beautiful three drive to a top way back here as you can see He had a beautiful garden look at the on the way down just one after another Lower highs lower highs lower highs and if you have some time Take a look to see which ones were three eight twos and now we're getting very very close to three drive to a bottom Matching the bottom actually we've taken the bottom out of the last Several months we're going back the last eight or nine months So we look for a start looking for a place to buy Cocoa down in here as you can see We're very very close to a spot where maybe it might even be today But I don't daily look at Cocoa only every week do I look at it, but we're getting close to that so pay pay sort of close attention to that and I think you'll You might learn something and you might even make a couple bucks on it and Cocoa trades really nicely the margins are good And you don't have to worry too much about the Fed or anything like that but keep an eye on that Cocoa because I'm going to be looking at that During the shows that I'm going to be doing for David today David White at One at 11 o'clock. Let's make it 2 o'clock Eastern time 11 o'clock my time and I'll be I'll be going over Cocoa and a few others Commodities that we were looking at and also I'm going to do some foreign exchange We need to look at the dollar index along with the Japanese yen the Australian dollar and some of the others that You know that are that are very very important So that's that's that's skinny on that and then we got to let me see I got a quick update on the Dow Jones only up 600 Nasdaq up about 190 S&P up 69 and rising and that's pretty much it Well, we got wheat is now down 25 cents. Holy moly This is a afraid we're going to get stopped out here another three cents in the In the wheat or the corn we're going to get stopped out with a nice profit 500 bucks But you know, we had a little more than that at one time. So we're going to keep a very very close eye on that Okay, someone asked a question about the Apple folks. I looked at Apple only because it's the largest stock traded and so many people own it Jim Bartley only alerted me to the fact of that 3a2 Once it went above it, you know, I don't know why it went above it But I said many times if we get above, you know 149 this pattern is wrong and it's going higher And that's exactly what happened, you know, we had some great patterns yesterday And the key was what Basil talked about and the Vicks couldn't even go up with the Dow down 600 points Couldn't take out the previous days high. Nobody was scared. Amen 877-927-6648 Vista Gold owns and operates the largest undeveloped gold project in Australia the Mount Todd Gold project Vista Gold just completed their feasibility study resulting in a 7 million ounce gold reserve Vista Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accretive transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGZ Vista Gold executing a strategy to create shareholder value 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 and 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 Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com When you subscribe you'll get a weekly report from veteran day trader Larry Pesavento on stocks You need to pay attention to and you can trust Larry's analysis after all He's got 45 years experience as a day trader Larry will also provide daily charts Videos and data on the key markets that he's tracking expect notifications from Larry on market movement You need to act on at any time first-time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors TFNN has launched the Tiger's Den hosted at Discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The Tiger's Den available to all tigers and tigers is for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this Educational community of traders just visit the front page of TFNN.com Okay folks, I posted the chart of December wheat and as you can see the high that we made up here Month or so ago. You see it was a beautiful one two three drive to a top pattern As you can see we went up to the level we came right down to the 382 again To the exact penny folks in something that's trading that time was trading at eleven twelve dollars a bushel We just broke eight dollars a bushel a little while ago and look We had this really strong rally here on Friday and the market comes down and takes that low out and continues to go lower This basically looked like what the bond market looked like when they were telling us that there was you know going to be negative interest rates which Never made any sense to me But you know they some of people believed it and you can see what happened to the bond market bond markets actually rallying today along with stocks and so Everybody's looking everything's rosy and that's really good to the volatility that we're having is just superb You can't ask for anything better than that But that's neither you have to pick out what you want to trade and stick with it And I know sometimes you hear people give you information about You know what you know somebody's going to talk and tell us the interest rates are going to hire That doesn't mean anything folks what means anything is how the market reacts to it So that's the main thing by the way those of you that are having trouble you know with the middle part of this give Paula Douglas a call and She's really good. She's well as she should be good. She worked with Mark for 30 years and You know so if you haven't quit you know questions She'll give you a free consultation and give you a chance to maybe you know clear your head out and You don't get moving in the in the right direction. I'm going to end the show here with the Chart for natural gas because you talk about a market that is Really, this is a just a 60 minute chart, but here again if you really Want to just look at this now folks. I did this Sunday Okay, now all you have to do to go home and look at this This is the natural gas trade on an hourly chart and I said watch this on on Sunday night You can see that was the low and it rallied $10,000 Hey, we'll see it on the flip side tomorrow I'll be doing it to show at two o'clock for David White of every day in an attitude of gratitude and make God bless