 Educating investors 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 gonna go down history books a little bit We got a couple of really cool photos to share with us from our friends down there in Longboat Key, Florida The first one is a 1952 Buick as you can see here the Riviera the first of that series and And you can see the matching camper that you got with it This goes back a long time folks, but since we're showing campers and stuff I wanted to show you one of my one of my all-time favorites I'll get it up here to let you see it and this is a big anniversary data course as we all know We'll get this up here. You'll see here. This is the 1959 Cadillac Coupe de Ville and you'll see here that is all pink and guess Wasn't Elvis's car. He had a pink Cadillac but it wasn't this one. He had a convertible But they did have matching campers that usually they were made by Shasta or Windmill or somebody else. I can't remember but there's a whole bunch of those that were made during that time And with the price of used automobiles the way they are right now Holy moly guacamole Where they're going to get to now This is the day that Elvis passed away on August the 16th of 1977 one of the scariest days of my life It I had just finished my first year to the day of working for Drexel Burnham Lambert And I was on my way home to take the kids swimming like I always did and by golly I got to the to the garage and the garage was open which was very unusual and there was my little daughter My little nine-year-old daughter sitting there with tears in her eyes crying your eyes out and I pulled up and She says oh daddy. She says you're going to be so sad someone has died And I said where is your sister? She says it's not Larry and dad. She says Elvis has died And I'll tell you for the first time even though I was a big fan of Elvis I was really relieved I I called Julie this morning to remind her about that she doesn't remember it But that's that's what happened on that day in 1977 it was also a very important day for me in 19 excuse me let's get back to that time in 1986 that was the day that I got a letter from my aunt from Louisa's restaurant in Tarot, Indiana it was a note from dr. Ruth Miller and I I wish I had the letter but I lost it over a period of years and basically she had I she said I know you like Fibonacci numbers but the November soybeans are going to go off the board and I think the price was around $5.96 so I I put that on my machine and I because I was basically doing I just finished my work at commodity corporation and I was doing legal expert Witnessing with Eddie Horowitz and so I was quite busy at that but about a month later I noticed that it was right at that price that it went off the board and so I called Ruth I didn't know Ruth very well at all and only met her a few times she was a Professor there and Indiana and her husband John and her his son Terry they I did all the speculating for them when I was at Drexel I mean I did we did a lot of soybeans and stuff during those years from 76 282 we made a lot of money and so she knew who I was of course and of course the family and stuff but she I called her up and she said look I know you like Fibonacci says but I this stuff is all related to astrology and why don't you come down to Sarasota she said that we're going to be going down here around the first of September and maybe why don't you come down and spend the month or two and I'll teach you some of this stuff and I said well I can't really come then but maybe later on and so it happened to be right after Halloween that I went down to Sarasota not too far from Longboat Key and I was going to spend two weeks and I end up spending two months I spent all through October all through November and I was back in Avila Beach in the I believe I got back on rather 12th of December and I was ready to publish a book I mean we literally I'm not kidding you folks she was she was what she was 15 years older than me and yet we worked I'm not kidding you we worked 18 to 20 hours a day solid for two months it was so exciting to see some of this stuff happen now the reason why I'm bringing this to your attention is is that we had a question from someone this morning last night about the Bradley model you know why don't I use the Bradley model well folks when I first started using the Bradley model I got it from Dr. Miller and it was really really exciting because it was really showing you know how the markets moved and it was spectacular actually in fact I started my my whole book or my whole newsletter service Astro Cycles the Trader's Viewpoint on that Bradley model because I mean it was really good and I'm and I was up in the top 10 or higher in all of the rating services and so I you know you could really tell that it's working the problem is folks along the way and remember I'm just an old cowboy I'm like old curly I know how to do one thing and that's AV equals CD and how to control risk after that you know you're gonna have to write write a new letter I know I've got an IQ I know I've told you about my IQ being 180 but remember I had to take it three times I got at 60 each time to get to that 180 level so it takes a while to you know simulate all this stuff for me I was fortunate enough to have Jim 20 men you know at my side this whole way he's been my oldest friend since 1965 and when we met at at the brokerage firm there in Los Angeles run by Roy Long Street and what we were trying to do was to through the years you know he worked with me at Drexel because it's the first person I hired and you know it was really turned out to be really good and we're still friends in the state but Jim's a mathematician and his whole thing is about numbers and astrology so he was a natural person to do this let me just show you that the Bradley book basically was a 47 page book written in 1946 by little Bradley okay and basically what he did he said I'll just show you what it looks like it said these planets line up and I'm going to give you my two cents worth here I'll probably botch it a little bit but I got a lot of this information from Shane Smollion this morning but this is what he was looking at he was watching these planets clustering up now this happened to be March the 5th of 19 excuse me 2009 that was March the 5th of 2009 you can see all the planets are lined up in one area which we thought that was going to be something really big well at that time I was doing a lose dollar here for TFNN and I wrote the letter and the thing that I put on the letter and you know it doesn't work like this all the time folks but boy when it does pay attention to it because there's something to it you'll see that you have this beautiful pattern you can see the three drive to a bottom pattern forming here we've got the Dow setting right there folks at right around 6 6 7 I believe that's where the Dow was at that time and basically from there we went a great deal higher what I said in the letter that day this red line is the Bradley model okay and the rest of it is the patterns that we're looking at but I said this will be the largest short covering rally we've had since 1938 and that was a big one and of course we went from here and above I think we went to near 40,000 in this thing so let's take a little break we'll be right back in a time of booming inflation we are purchasing powers eroded there's no better place to protect your harder and money than ain't gold this the gold's flagship asset is the monk cod gold project in the northern territory of Australia this is Australia's largest undeveloped 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 and a politically safe and friendly mining jurisdiction this the gold just completed the Mount Todd feasibility study which resulted in a 7 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 the thing which is Mount Todd is an attractive diverse pot ready development stage gold project this the gold trades on the New York Stock Exchange and the symbol VGZ 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 at number two for the year 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 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 are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at tfnn.com tfnn educating investors free at 1-877-927-6648 internationally at 727-873-7618 folks were talking about the Bradley model and I'll reintroduce the 147 pages written in 1946 by Donald P. Bradley and I think he sold maybe 20 books they were $2 a piece as a paperback and Dr. Rue Miller had it and so we put it together Jim did all the programming later on, Ensign did all the programming but we went back and checked it's very very good the differences folks I have some guests on here that are really really smart with this stuff I mean is right up there at the top of the list Norm Winsky excuse me, Psycho's research over there in Austria is awfully good, Tim Bost is awfully good and they use this and they know far more than I do about it what I do is I know patterns pretty well and that's what I rely on folks I'm going to be doing that in just a moment here but I just wanted to show you how this stuff all worked out so notice here we're setting right over a major Bradley day right now starting tomorrow on the 17th so I think that's keep an eye on that because we're in some really really good areas here now I came into this market Sunday night looking to be bearish but boy folks once it started up I said oh there is absolutely no way you can be bearish I'll show you that in just a moment because it's continued to do exactly what it did yesterday is doing the same thing today but I did want to cover this about the Bradley model and that's really all I wanted to cover but it does work doesn't work all the time but guess what boys and girls nothing works all the time and that's the thing you've got to really believe that we're talking about here now let's just talk a little bit yesterday we talked about the Dow Jones and how bullish it was and everything I wanted to show you what's happened here after we looked at this market yesterday you'll get a pretty good idea of why the market looks a dog on bullish today I mean it's pretty silly to be even thinking about being bearish when the market won't back off at all now here's the E-mini S&P you know there's that level we were looking at up there at 42.99 a high was about 43.02 look where we came to this morning folks we went right down to a 3.82 now we went a tiny bit below this a little bit later making a new low by about 4 or 5 points and then of course we've continued to go much higher getting up to around 43.17 that's basically telling you that this market look how long it took to even make a 3.82 retracement folks there's nothing bearish about that I mean you don't have to be a rocket scientist to try to see that that's what's happening right what you're doing with pattern recognition is you're trying to find these patterns and how they fit together and telling you whether you think it's bullish or bearish now if you see a 3 drive pattern or a 135 pattern something like that yeah totally different but this is not showing anything like that this is just a really nice A, B, C, D coming down at a 3.82 retracement and then rallying another 22 points that's really what it's doing if you'll remember yesterday one of our listeners asked a question about the natural gas and let's just get we'll get natural gas up here because I think this is a good way to describe the same thing that we're seeing here in the E-mini S&P we saw the same thing in natural gas we saw the same thing in crude oil but the crude oil one was upside down let's get up here and take a look at it here here is the natural gas on the daily basis if you'll remember we talked about the fact that the previous days low was setting right there at a 3.82 retracement and then the market goes up and makes new highs so what do you think happened today folks what happened yesterday maybe it's going to happen today but you ought to try to expect it because it'll give you a pretty good indication that yeah what happened yesterday it's going to happen again today because you know why these markets repeat and repeat and repeat until they don't repeat and that's what your job is as a pattern recognition swing trader is when they stop repeating then you have something to look at but you can see here again right at your exact 3.82 retracement and it's a perfect ABCD ABCD right at 3.82 and where does it rally another $4,000 up in the natural gas I mean you're talking something that's got a margin of like $3,800 this is big time money folks so you know watch it it's not an easy one but by golly it's got some great patterns in there that are certainly predictable within limits and that's really what we're trying to do is to get within limits so let's get back to the one on the crude oil because crude oil was one we focused on last night and the reason why we did that I'll bring it up here so you can see it this was done long before these prices ever hit these levels folks this was just get up here one second here this was done this morning and I did these last night up to this level you can see here we're making a beautiful ABCD pattern tiny bit above the 3.82 goes above the 3.82 by about 300 bucks and then it starts down and it's going down down down down all day long we're now folks believe it or not we're $4,000 under that level in the crude oil let's get it up here because we've just made new lows here just a little while ago and I want to spend a moment about that too because each time the last two times that we've been down to this level of $8,700 and if you remember that was the 61% retracement on the long-term weekly and from there we went from $8,700 folks we rallied all the way up we rallied $10 a barrel and you can see where we are right now now we've just made new lows now we've made new lows before the other two times and we've rallied $4,500-$6,000 so what I'm doing is see if I can find a small pattern on this little tiny pattern that I'm looking at this half hour to 15 minute chart to see if there's a place a little three drive or something that might give me a place to enter where I don't have to risk an arm and a leg and this one arm and there's two and I don't want to risk any more than that so I'm talking a risk of about $400 I have not seen anything like that as of yet it just keeps cascading down if you'll remember from the newsletter we said watch for a 382 retracement because if we break below the $8,700 the ABCD structure on this folks hold on to your hat no it's not $84 no it's not $85 no it's not $79 a barrel for crude oil and I don't think the folks over there in Riyadh and Mecca are going to like it to see their prices drop another 15 or 20% and here they are being so kind as to increase production now to help us out hello operator does anybody believe that stuff and there must be a few people out there that believe it anyway that's what we're watching here in the crude oil option but also you've got to keep in mind two other things folks one is heating oil and the second one is gasoline both of those are still substantially above they're still at least the 61% retracement of these things so we've got a chance to maybe make a bottom down in here but right now it's not giving us any sign at all and all I'm doing is trying to find a place to say okay this is a pattern that I believe in maybe it's going to work maybe it's not but I know it's going to work and it's not going to work and if it pays me it's going to pay me more than I'm going to risk and that's what trading is all about I don't need a Bradley book I don't need to read an astrology book and believe me folks I've been afraid of astrology ever since I started doing it is there a fan yes there is a fan nearby very good I can't turn it off we lost air conditioning yesterday our air conditioning is broken we're waiting for the guy to come by sorry about that now I have to keep on because it's 90 degrees if I don't have it I'll melt very good Al it's got good acoustics as they say 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 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.com 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 chart 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 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 Gartley's, 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 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 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 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 this segment is brought to you by thinkorswim for more information just click the thinkorswim banner on the front page of TFNN.com Okay folks I was getting ready to do a really nice presentation on the 135 pattern that I have listed here in my program thing that I usually teach during the when I do the all day trading sessions but someone asked several questions about it and unfortunately the PowerPoint will not show up in the charts and so I'm not able to do that so that's it okay by the way it's only 90 degrees here today so it's only going to be as high as about 99 and so it's not it's warm but remember they didn't have air conditioning until the last hundred years so you can imagine how things were many many years ago and I do have a chart talking a little bit about the 135 pattern but nothing like the PowerPoint that I wanted to share with you so oh dear now what's happened now I've lost the darn I lost the cord I lost discord again oh what's wrong what's wrong what's wrong okay give me one second here folks to try to get this up here I don't know why it's not working but okay here's where we are let's hopefully we'll get this up and working there we go hopefully we'll get knocked out of the room alright there we go alright now this is the Dow Jones industrial average folks you're seeing the ABCD pattern on the downside you remember we talked about that back on June the 18th when we had that major low down there it's when the whole world was bearish and as a matter of fact speaking of bearish I see Jamie Dimon came out today reiterating the fact that there is a financial hurricane coming and it's probably going to be worse than a recession well there's only thing one worse than a recession folks and you know what the recession is is when your neighbors out of work if you're out of work it's a depression so anyway you can see this is the ABCD pattern I have let's try it again Larry I have drawn the trend line from AC to down to where we are up to where we are now you'll see we're within a heartbeat now of the 78% retracement of the whole move down folks now if you believe ABCD to the downside down there at that 32,000 change and now we're several thousand points higher right okay well we're right up there at 78% level now I pointed this out because we've had since Sunday night the market would not back off at all it backed off 40 handles and came right back I mean right back to the high and the 40 handles where was it exactly 382 and that was in the middle of the night by the time you guys got up here in the morning on Monday morning this thing had already started to rally and we've started to rally the Dow Jones has been the leader now we've broken through this line I don't I don't know if it's a valid trend line or not it probably is because this happened to be a 61% retracement at point C but we are now coming up to a major resistance at 34,000 in the Dow Jones E-mini so watch that number very very closely we're I think we'll probably hit it some time today 32,008 I think is the exact number that's going to be very close to the 43- 45 in the E-mini S&P that we've mentioned before because we went just like in the S&P just like in the Dow Jones the same thing happened you know with the S&P we went through those numbers you know like they didn't exist and folks when that happens you know you can't you know you can't stand in front of it let's just bring this one up here on the E-mini S&P because you're going to see how close it is this was the one that was done over the weekend because all I was doing was showing you the relationships that we're looking with the Dow we're looking at the S&P and you can see the 78% level 61% retracement it's going to be 61% on the S&P 78% retracement on the Dow Jones so that should be happening when well let me see we got a Bradley model market due to tomorrow okay now I believe in those dates because I've seen them for the last 40 years and if I didn't believe them I wouldn't I mean if you could have seen this thing how it operated between 1989 and 1995 it was six years where it was just absolutely perfect I mean I was on so many news programs and you know panels and stuff showing you what that model was and that all I was doing was just following what the model did and it was just spectacular during those years then for a period of time it was off and on you know back to the old 50-60% level lately it's back in that area of maybe 60-65% but the key to remember is when you got a Bradley date and you got prices coming together at the same time that's when you want to pay attention to it I thought it was going to be last Wednesday or Thursday never happened kept going higher can't stand in front of that one find a new Toyota ride you know that's basically it I couldn't believe it today because one of my friends over in California Michael Weintraub he bought a Ram truck a used one folks a used truck you know a big Ram 1500 with all the bells and whistles you know it was a used one he sold it for over $100,000 and he had people waiting in line to buy it the original cost on the sticker it was a year old sticker price was $87,000 he sold it for $13,000 more than the original sticker price wing one year old with $12,000 miles you think that used car markets going nuts it looks like pork bellies did during the 60s for heaven's sakes anyway getting back to this we're going to find out whether this is going to work or not fortunately we're going to be having a lot of time here to spend the rest of today and then again tomorrow and we'll have our guests hopefully on Thursday and Friday but we'll be able to watch this unfold but the numbers we're looking at are 34,000 in the Dow Jones E-mini and the number in the S&P is 4335 so watch 4335 that's the 50% level we're only about 17 handles away from that so we're very very close now that doesn't mean you can sure you can do it right you can do the trade right there if you like or if you wanted to be cautious wait until the market backs off and sell the first 382 retracement for the first ABC countertrend that's another way to do it there's a lot of things with pattern recognition that you can do and I wish I was able to bring them all up here to show you what they're all about but I will be doing this PowerPoint presentation on the next time I do a full day trading session which will be sometime in probably late September that will be my last one for the year and the last one we did was very successful and hopefully that was in May and we're going to be doing another one here and I'm going to be doing some traveling in October, November we're going to be going over there to do some stuff with David Paul and Tom Hougard in Denmark and also in London and also probably in Dubai but Dubai is still up in the air we don't know for sure whether that's going to be correct or not someone is asking a question to re-show the picture of the Dow Jones back in November the excuse me March the 5th of 2009 I'll bring this up here and show you what it was doing all I was doing here folks was showing the Bradley model that's in red and then the prices were you can see the prices are on the bar charts and we were looking at that you can see the ABCD right down there and we were just about ready to go to the upside I believe the Dow Jones I don't remember I know the S&P was right around that right around the devil's number right around 666 I don't know if I can see this one in the I bet I can just a second yeah the Dow was trading right at 6700 is where it was and from 6700 of course we rallied a tiny bit from there I really believed that it was going to be the biggest rally since 1938 and it little surpassed that by two stretches to the imagination hey we'll take a break 877-927-6648 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 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 David delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at tfnn.com for only $37.50 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 biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade L-A-B-U or L-A-B-D directions daily S&P biotech three times bull and bear ETFs visit directioninvestments.com slash biotech 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 traded on the NYSE American and TSX under the symbol VGZ okay folks I've been fortunate enough to Mr. BV down there in Texas send us a nice little chart of the E-mini S&P showing you what we were talking about just a moment ago going back a few few extra days but you can see the relationships that you're looking at here folks those little dotted lines that you see where the lows are being made those are 3A2s and that's why we've not been very very shnow we're going to be watching this thing really closely because we're up against some really strong numbers here that doesn't mean they're going to stop we'll have to wait and see remember folks we had Jamie Diamond the number one bank in the country you know JP Morgan came on the tube today I was listening to him and he said boy this is a get ready for a financial hurricane possibly even worse than a recession is what the president the CEO of the largest bank in the United I think it's a largest bank yeah it is a largest bank in the United States is giving a warning like that nobody ever does anything like that the last time that happened was back in 1929 when what was his name that what was the guy's name starts with a B not Barron's oh dear Roger Babson Roger Babson came out in July of 29 warning everybody about the hurricane that was coming and they laughed at him all during July all during August part of the first three days of September after that they stopped laughing at him darling and he was right that was something in the market went from 1929 we went from 389 in the Dow Jones industrial average to July the got it where are you basil is either the 5th or the 8th I think it's the 8th of July of 1932 I believe we get $41 in the Dow Jones and 16 of the 30 stocks with tapioca and tapioca in our business means goodbye so and not only do you realize folks all during that time you know how important telephones are I mean everybody's got a cell phone and all the other stuff do you know that American telephone went bankrupt three times and that is from the 29s all the way through the rest of the time I mean they they've had a you know a torrid past they've done relatively well now Apple's done a little bit better than that but American telephone had a lot of problems it was called telephone at one time and then American telephone and I forget what it was after AT&T after that I guess so but anyway that's what we're paying attention to here today so let's keep it on that now we're going to take everybody's going to get a little vacation today we're going to go across the pond over there to Germany and we're going to take a look at the German because what is it doing it's forming the same pattern that we're seeing here in the stop and pee in the Nasdaq and the Dow Jones industrial average you can see it's right here got that big ABCD hanging in there and again we've got this key date coming up here possibly tomorrow or Thursday might even go through Friday I don't know but sometime here in the next few days we were very very over bought now so we're ready to see something happen it'll most probably come in you know as a big surprise remember this market has taken very very bad news coming out of China starting on Sunday night you know with their figures for economic expansion were way way off 25% worsened they thought and they had to actually drop interest rates to try to stimulate the business a little bit and that you know even that the market didn't take any of that news I mean just kept on going up so there's nobody paying any attention to it so you shouldn't either you know pay attention to the charts if they're telling you to get ready to go down get ready and see it but right now they're not doing that that's that's my two cents worth but there's where we are now what we're going to do now we're going to get back on the old train and we're going to take it back into guess where boys and girls we're going to go into Kings Cross there in London and get off the tube and we're going to take a look at the footsie now the footsie is mainly international stocks but it does trade somewhat and our good friend Tommy who guard trades it so I want to bring your attention to it you can see here also we're looking at a market that's almost made a new top you can see the the ABCD right here in the middle just like we had on the interday S&P but you know look at this green this green area right here folks it's either got to go blasting to the upside or it's day or two or it's getting ready to roll over so that's what I'm paying attention to right now is to see you know what's happening with that as we get ready to come in now the other thing that you know we have crude oil breaking down really badly we've got even even corn is starting to give up some of its gains folks we mentioned it yesterday you know we stopped right where we should have in corn up there at 640 we've dropped 40 cents in the last couple of days again if you trade corn on a half hour basis you'll see the beautiful 382 here early this morning and then the market just rolled over and just kept going lower and lower and lower and that's a sign that there's a bottom coming somewhere but it might not be for a while so we've got to pay close attention to it now I saved the best for last okay now here is the Euro let's get this up here this is the easiest one to trade this is the one that we based everything in statistics on the floor traders handbook on this but you'll see here look at these retrace where folks that is a downtrend that's a daily chart I mean all you had to do is to get ready to sell some of those rallies and this was not a bad one folks I mean 382 382 382 now we finally last night early this morning we finally reached some support at the 618 we stayed there for 15 minutes right at the 61% retracement we didn't go down we stayed there and so that was a sign that there was some buying coming in at that point so if you wanted to take a nibble at it at that point that was giving you a perfectly good place to do it and remember this is the most actively traded thing in the world more than anything else heck it's probably more than everything else combined well it's not quite that big but it's really big it's a trillion dollar market and so now we've got a possibility here that this could hold at this 112 level but by golly longer term this is still in a downtrend it's not giving us any indication that it has turned the corner this is why it's really hard to be bullish gold because if the Euro is weak the US dollar is strong the US dollar is strong you know gold doesn't really rally very much but stop and think folks this thing has gone straight down and yet gold has rallied $150 you've got to pay attention to that I mean I'm praying that we get a $75 break in gold because I think this is going to be the one that's going to surprise everybody whether this is going to be this financial hurricane that Jamie diamonds talking about or not or cryptocurrency whatever whatever gold will be watching gold really really closely we had a $3 rally in silver right out of the blue and so that's another one you've got to pay attention maybe the game is changing over there and they might you know something happens you know Perkins head up because there's still a lot of gold bulls out there folks I mean I've been one since 1974 well actually 72 but well actually before that is in the 60s with the silver but I think it looks pretty good I really like the I've always been attracted to silver and gold coins because they're so beautiful plus they've held their value over the time frame we're going to have to take a break to pay a few bills here for Tom O'Brien remember I guess they're going to be I believe we're going to have Jim Bartolioni on Friday and Tim Boss on Thursday or that could be reversed I'm trying to still work it out 877 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 VGC 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 in stock prices get the opening call 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when we blow through blew through all the double bottoms and triple bottoms that were here at the 8,700, 8,690 level and we're down almost a dollar from that level so I mean there's just no way you could stand under that but we have another one that's on the watch list and this is what we like to do is to pay attention to some of these because when they work and when they do work they work very very good and here is one that we're waiting to see and that is none other than the old Dow Jones E-mini S&P getting ready to bang into that number that we're looking at right here you'll see there it is at 34,000 009 I believe there as you can see we couldn't make the 382 retracement here in the Dow Jones we made it in the S&P we made it in the NASDAQ we made it in the Russell but we didn't make it in the Dow Jones and now we're dancing with the 1.618 number up here at 34,200 now at this particular point you've got two hours to go in the day the way I would do this I believe in 1.618 numbers so much I would sell it there at 34,002 34,009 ok and then I would not risk more than 250 American dollars 50 handles 50 points not 50 handles 50 points is all I would risk if it's going to work it's not going to get above there it's just going to stay there and in fact as you should wait till see it bounce there and make sure it doesn't go pat you know popping through there by more than 30 or 30 points because then I would tell you maybe it's not working but 1.618 boy you gotta those are the kinds that like Yogi Berra said dance with the girl that took you to the dance see on the flip side tomorrow boys and girls live every day in an attitude of gratitude and make God bless