 Educating Investors. The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Oh toll free at 1-877-927-6648 or internationally at 727-873-7618. Now Larry Pezzavento. Okay, looking good, Billy Ray feeling good Lewis. Our original guest was supposed to be Norm Winsky, but unfortunately the old cowboy had the old date wrong. He's on next Monday on the 22nd. Norm will be our guest, so we'll have him on the 22nd. But no guest this week so far, but I'll try to find some folks who would chip in this week to give us some great information like they always do. We're going to start out the day with a question from one of our listeners, and it is my opinion on natural gas. As you can see here, this is a natural gas contract. You can see the big three drive to a top pattern that we had right up in here. We came down perfect A-B-C-D, and then we went up and then we came down. We stayed down for 10 days, hovering right at the 38% level, not quite making the 50%, but setting right there. The question that the young man asked was, what is the outlook for natural gas for today? So what I usually do, and this is what I was doing today, watching natural gas, because it's one of the better things to trade, you'll notice here that we had a really strong move over the last couple of days, closing up in the near part of the range up in here. So the first thing that I would do, coming in in the morning, would I would be going in and looking at the hourly chart just to see where we've been over the last few days. So if you put up the hourly chart, I think you'll be able to see what we were looking at for today. And as you can see here, there was our low we made five days ago. You can see the perfect A-B-C-D coming in at none other than our old 382 retracement level and has rallied $4,000 since that level. As you can see here, we're not very far from breaking out to the upside here, anything above that $9. Remember the gasoline or the natural gas that they have over in the UK is highly regulated, well ours is regulated too, but over there it's got taxes out the quietest. You can't even imagine what they are. I think it's five times what it is over there than what it is here. And they're getting ready for a big winner, but who knows, something really big has happened today folks in the market. So believe it or not, the main thing is that the crude oil went down and took out the old low at 87 and we went down to 8690 and then there was no selling there. Gee, that was telling you that my goodness, maybe ought to take a nibble at it there. And of course it's rallied well over $2 a barrel here so far today still being down $3 a barrel because of the news coming out of China was that the oil demand for China was at I believe a two year low. In other words they haven't had much demand for oil since two years ago. That certainly doesn't make any sense. Now they had some very bad data come out of China today on the economic front and the market didn't even care at all. It just turned around and the Chinese market was down just a little bit to begin with and then moved a little bit higher and the same thing with ours. And this is why being a technician can be a real advantage folks because you don't know what's going to happen to these things. Just to give you a rough idea, I wanted to walk through because this is what we were looking at today coming in. I wanted to show it to you so you can see where we are and I'll walk through the numbers with you because the numbers are what's important and the reason why they're important is the big boys play with these numbers and we're certainly not a big boy here but we know how they play. You can see this is the Dow Jones. You can see the big A, B, C, D to the downside. Perfect parallel channel. You can see the beautiful move here coming in here Friday on the 12th. It's a perfect 1-3-5 pattern. And what happened? The Dow is down 250 points this morning early and let's just get up here and I want to show you because folks, if you don't believe that these folks out there are playing with algorithms that we think we understand because they trade off of these numbers of standard deviations and Fibonacci numbers and A, B, C, D. But look at the low on Friday right there. That low on Friday right there was a 61% retracement of the low that we made two days ago. What is the low tonight? Early this morning, exactly 61% retracement of that low. Exactly. And look at it now. Ba-da-boom, ba-da-bing, way up here. Now, you know, when you're that far above the open, okay, and you've already taken out the previous days high, I mean that, you know, sure you could play against the double top, but the main thing is if you'll just look at it just a little closer and that's what I was trying to do this morning because when I saw that strength, I said, oh, do not want to stand in front of this. Not a chance. So if we take a look at the Dow E-mini, we're going to get it up here again and just to show it, blow it up so you can see what we're looking at here. There's where we are this morning. You can see right down here at the bottom, there was your 61% retracement. Look what happened, folks. The market goes up, makes a perfect A, B, C, D, and guess what? The old natural gas number of 0.382. And of course now we've exploded and gone above the high by considerable amount and we're up at the 1.618 expansion above 39,000 which, you know, takes it, we are now better than one standard deviation, better in the S&P and also in the Dow Jones. Not so much in the NASDAQ, but those two have taken up, there's no selling coming in. Folks, when you're trading these markets, you are trading against three of the most powerful entities ever even imagined in our, and I'm not talking about the Federal Reserve, these are more powerful than the Federal Reserve. They are in order of importance, BlackRock, Vanguard, and State Street. State Street is even, is very, very important because they buy real estate. I mean, they own Farm Bureau and believe me, and a couple other of these farming companies, so they're out there buying farmland like you can't believe, but that's what you're looking at when you're watching these because it's extremely important to know that they have these, they buy these quants or they hire these quants from, you know, Andrew Lowe at MIT and also from Harvard, Yale, wherever they come from, but they have, you know, mathematical backgrounds, supercomputers to help dig out these numbers and they're all dealing on the same thing that we're dealing with, folks. We're dealing with the X and the Y axis. That's what we're looking at. So when we see these markets expand and contract and they stop at these numbers, it's because these are the numbers that are in Mandelbrot's, you know, lightning bolt, you know, his fractal analysis and that's why it's so very important and we do the same thing with my timing stuff. I do the same thing on the time scale as I do on the price scale. Does it work as well? Yeah, it works part of the time but sometimes it works absolutely perfectly. Like this morning, just to give you an example, this is what I was looking for in the S&P and we got a break coming up and I'll finish that when we come back but you'll see here, there's where we are. This is what I was looking for, the price to come in up in that timeframe of a little bit after 10 o'clock and let's just get up and we'll take a see what happened to it with that little bit of the old Amy equals CD. At the time of booming inflation, we are purchasing powers eroded. There's no better place to protect your hard-earned money than in gold. Vista Gold's flagship asset is the Mount Todd 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. 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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. 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 market's 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. We'll see you next time. 877-873-7618 Okay, I'm back, folks, and I was talking a little bit about the S&P. I wanted to point out the... when we look at the time scale on that, the price target that we were looking at and the time target came in at $42.99. The high was, well, so far, was a $43.25. Now, whether that's going to be the high or not, I don't know, but that was the predicted high based on that timing sequence. And what we were doing is we were looking at the time axis and we were looking at the price axis, and we do numbers on both. Folks, when you're dealing with these folks, I want you to just tell you how big these three firms are, Blackrock, State Street, and Vanguard. They own. They have controlling interest and 60% of the S&P 500 stocks, 60%, okay? The amount of money that Blackrock has is estimated to have $27 trillion. That's more than what the federal... we don't know what the federal reserve has, but they're saying $22 trillion, something like that. State Street, Vanguard is right behind, and then State Street is behind that, but State Street is heavily involved in real estate and, of course, Blackrock is also. However, Larry Fink, who runs Blackrock, is a true genius. He's been around for a very long time and developed a program, and this is a putting money in the market program called, believe it or not, Aladdin. And believe me, Aladdin runs the show over there for those folks. We happen to have a relative that works right in that office, and so we have a little bit of inside information, and if you believe that, I still have two shares of the Brooklyn Bridge available for you. I know nothing. I see nothing. I hear nothing. But they do have a huge amount of statistical research and mathematicians doing these programs, and they're all based on numbers, folks. Remember, when you're doing an X and Y axis, I mean, there's only so many numbers that you can look at. Sure, you can look at numbers and all kinds of statistics in the market earnings and stuff like that, but it comes down to whether it's a buyer or a seller, you've got to look at the price and how much volume is there with that. And that's something in the market that I think is important, but the market's not paying any attention to it at all, which means it's probably doubly important. If we take a look here, this comes from our good friend, Mr. BV, over there in Texas. God bless him. Thank you, Billy. I appreciate these every day. That's very, very helpful to me. You'll notice here, this is the open interest of the E-mini S&P, and as you can see, prices are rising rapidly from that low that we made back on the 14th of June, and you'll notice here, the prices of the open interest has been falling. That is ordinarily extremely bearish, but the market is not seeing it like that. Now, if you go over and take a look at the NASDAQ, you'll see that the open interest is rising and prices are rising, and that's bullish. So you have a quagmire here of which one you're going to look at. So all I can tell you, folks, is flat, be careful. That's all I can say is because when the news out there is as bearish as it was coming out of China today, and the market doesn't do anything, shut the front door and raise the rent and just move on and do something else because it's just not working the way that you want it to work. That's the main thing. Now, something else, you know, really dramatic has happened today, and that is, I mentioned the crude oil. Here was our number in the crude oil. I'll get this up here because this was the weekly chart. We were watching this potential low and crude at the 87.35 level. The low last week is 87.01. We went down to 86.90. Just took it out by a little bit today and then immediately rallied more than $2 a barrel. The reason why we did that, folks, is that if you were watching the heating oil and if you were watching the gasoline, you'll notice that those contracts didn't come close to getting knocked out. So let's just take a look at the gasoline one first because it went just about a tiny bit below the 382 and then had a pretty good rally, but it wasn't even close to those lows. And if you'll notice, when we see this, you have the perfect A-B-C-D pattern right there on the bottom, my goodness. That was down at that 2.90 in change. But look at that. That's a just perfect A-B-C-D right there. We had a nice rally. Not much. And that's one of the things that we warned about in the newsletter is, look, this thing may not be ready to go yet and, of course, it's backed off. It hasn't taken out those highs yet, but it's getting close. So it's telling us that maybe it's close. The main thing today is the fact with the really bearish news on crude oil, the fact that the Chinese market was coming with, you know, had lower lows in the last two years and then also the Saudi Arabia came out and says, yeah, we're going to bring out more output to help you guys because we think you're such great people. Anyway, those are two of the things that happened. And, of course, we've had a pretty good rally from that. Now, if we look at the heating oil, you're going to be seeing pretty much the same thing. We didn't come anywhere close to a new bottom in the heating oil. And it just barely, I mean, barely just took out the previous days low and only went down to a 3A2. So those are some of the ones that we're really watching here this morning, you know, to give an idea if we're at some pretty critical levels. But the main thing is the news came out, big-time news, folks. And bringing about news, we've got a friend over there in, oh, he's actually in Poland now. Mikey, this is for you, buddy. Here is a chart of the S&P that they're talking about here that the bear market is over. And there it says, rest in peace bear market for now anyway. Signals point to more rallying and it certainly could do that. So I'm posting this for you, Mike, because I don't look at the news, but I bring it to your attention because I don't know who this dude is. He doesn't know who I am, but I know one thing that he doesn't know and that is if prices are going higher, there's more buyers, if prices are going higher, there's more sellers, and that's all I really need to know. And that's the main thing that I try to focus on is not how much money you're going to make, but how much money you don't want to lose. Now, I wanted to share one other chart before we come to the break because I think it's a really important one and that is the chart of the GDX, which is the gold miner index. And folks, when I saw this over the weekend, this is a daily chart up to date, I could not believe where it was. I mean, it's barely making a 3-8-2 off of the high, you know, way back in June on March 28th. I mean, look where gold has gone, folks. Gold has gone from 1876, excuse me, 1676, up to 1825. You know, in 1825 was a 3-8-2 on the long-term daily on gold for God's sakes. We'll look at that when we come back from the break, but look how weak the gold miner index is. And that's with the stock market rallying. Look at the stock markets rally 20% off that bottom. Something's wrong with gold and silver, boys and girls. That's what this is telling me. Why aren't the producers of gold and silver doing much better? I don't understand this. When we come back from the break, we're going to go down memory lane, folks. We've got some questions about the old days at Drexel and Laverne-Redfield and some of the other stuff that we've done through the past, and we're going to answer some of those questions for you, too. So we come back. We're going to talk about the gold market next, and when we come back and then right after that, we'll get into some of the historical stuff that you've asked about. The gold market is the top-of-the-bottom 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 sift yourself the types of profitable trades that are recommended within the gold report, sign up now by visiting tfnn.com. Tfnn is excited about our new software charting program, the Art of Timing the Trade Chart. 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Get your copy of the Art of Timing the Trade Chart today by visiting TFNN.com Live every market day from 8.30 a.m. to 4.00 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, I posted the chart of the gold up here and you can see that basically explains why that GDX has gone nowhere because neither is gold. All gold is done is made of 3-8-2 to reach the high we had back in 2060. Okay, so not really much going on, but I think eventually it will come down the path and do relatively well, so we'll see. Now, I hope you're going to be able to see this or not. I'm going to come up here and see if we can do this or not. I'm going to have some questions about how I was involved with the coins and stuff with Laverne Redfield collection and stuff back in 1976. I still keep one of these old dollars up here. This is an old silver dollar that I got at a poker game. Oh, maybe six or seven months ago. I don't know if you can even see it. Yeah, there it is right there. This is an 1826 piece dollar and it's only worth about 30 bucks. It's no big deal, but how it happened was I started working for Drexel in August of 1976. Laverne Redfield died in 1974. He was a hermit and basically a collector up in Carson City, Nevada. It's just he and his wife. They lived in a beautiful mansion there and he was one of the people that was heavily involved with the, when he was just a really young man in the Carson City Mint, which went out of business or stopped mending coins in, I believe 1901 was the last time that they did it. But when he died in 74 for two years, no one really got to look at the coins that were there. It was in the basement of the mansion, plus some of the other rooms of the house and the folks down in Los Angeles that were operating to get that thing. It was Leroy Linhart and Steve Markoff and, oh my gosh, Jonathan, what was his name? Allen Silverman from American Coin, Bob Gilmillian and Ronnie Downing and they were trying to make a bid on these coins and there were 400 bags, believe it or not, 800 bags of these coins right here, folks, with a thousand to the bag means it weighed 54 pounds and within that there were also other really incredible numismatic coins in bags and rolls of silver dollars. And they were the silver dollars that were not, they were not in a bag. They were actually printed at the Mint and they were put in a 20-vile thing wrapped in paper. This was back in 1889, 1886. This is how they wrapped the coins. They didn't have plastic stuff. So they were wrapped in paper really tightly and they would write on it what it was and stuff like that. So what happened to me was I was involved with going up and helping them pick out the coins, bring the coins back to Los Angeles. One of the reasons was I had a van, one of these little fancy vans that we had back in those days. Plus I had concealed carry permits so I was able to carry a weapon and so I was supposed to be security guard. Believe me, I would have said raise my hands, the coins are in there, leave me alone. None of that happened. But when I got back, they gave me as a bonus, they gave me three rolls of coins from the Carson City Mint from 1889, brand new. They've never been touched, they've still never been touched by human hands. And so I have, there's 20 to the roll and I have some of those that I have, plus a few other things over the years that I've got. The real enjoyment that I had was when I first started there at Drexel in 76, we started selling Cougarans and stuff. You could buy them over the counter starting in about 74. By the time I'm at Drexel in 76, they wanted to be able to do that but they didn't have a supply. Well, the supply was I had all these coin dealers that had the coins and all I had to do was pick it up from them and deliver them to the people that wanted to buy them. And so it turned out to be a really good deal for me and a really good deal for them. I made a lot of great friends, but I've been friends with Bob Gilmillian since 1968 because one of his best customers was Wes Parker of the Los Angeles Dodgers and he and his father Maurice bought, oh my goodness, three or four hundred Cougarans and maple leaves off Bob over those years and I delivered most of those to them. I got to know those gentlemen pretty well along with a few others along the road but folks, these coin dealers led a life like the great Gatsby they really did. They lived hard, loved hard, die young and they all did die young because I'm the only one who's left and make a good-looking corpse which is the old Navy Seal motto. However, they really knew how to party. Just to give you an example for some of the birthday parties that they had for their spouses or for themselves. They had Jimmy Rogers, okay, Merle Haggard, Johnny Cash and Bill Robinson also known as Smoky Robinson. Those are the Liza Minnelli. These are people that go to Vegas and perform and they would pay for these folks to sing five or six songs at a birthday party for 25 or 30 grand. It was amazing the amount of money that they spent but one of my most favorite stories is we were up in Lake Tahoe, Nevada for a coin thing. This was back in 77 and I went up for security again and we got stuck. It was in April and it was a really freak snowstorm and so there were very few people could get in and we were able to get in. Of course, it was hardly anybody there and I think there were about 25 corn dealers. I was in a group of about six, five corn dealers and myself and so they wanted to shoot some craps so we went over to one of the crap tables and at the crap table was none other than Arnold Palmer and his wife Winnie and he was such a friendly fellow. I mean, he was just unbelievable how nice he was and the corn dealers were having a great time and they were having a great time and so Leroy said, hey, why don't you join us for dinner? We're going up to Hugo's which was the really premier place in all of northern Nevada, a five-star French restaurant and said, please be our guest and they said, oh, we would love that and so the eight of us go up there and we have this fabulous dinner and the Dom Perignon was flowing like water out of a faucet. You know, three, four, five bottles, I forget, it was a lot. Anyway, what was really funny is Leroy said he was going to pick up the check which he expected him to do anyway. Well, anyway, the check comes and the Mater D looked at him and he said, I'm sorry, sir, he said there's no bill and Leroy says, well, I want to pay the bill. He said, no, there's no bill. He said, Mr. Palmer, he's here all the time, he's free, he and all of his guests, he's our guest and you're our guest. So we had all that, had a couple extra bottles of champagne but anyway, that was something that I always remember and well, I don't want to go into some of these stuff. Anyway, if you have any questions and it seems like the lightboard is lit up 877-927-6648. We want to take a look. If someone's asking other questions, what's the rarest coin that I had? You know, I had a whole bunch of them that I gave to the kids when they were having birthdays and stuff. I used to have sculptured St. Godin's. That's when they were about eight grand a piece. I don't know how much they are now but they're way up there. I had a $1,000 bill, a $500 bill. I had a couple of railroad bonds that are just absolutely beautiful that were printed that were really nice and then some other stuff. I did okay. I'm not doing any complaining or anything but to know all those guys through those years was, you know, and then on top of that, I had all my Drexel customers from the movies and the TV series and all the other stuff, the folks that I met at the racetrack. I mean, I was just flat out lucky. That's basically it. Call me lucky. Mr. Lucky. Anyway, let's move on. Any other questions that we had? Oh, I have one other thing that I wanted to cover about the markets. Let's get back up here a little bit and we'll see where we are here. And I wanted to bring it up and here is the gold market. Let's get the gold market up here because I wanted to show you this gold market because it is where that 382 was residing within about three bucks. And that's why we, I believe we're coming down here and I think we're going to be coming down quite a ways in the gold market. So pay attention to this one. 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, you need 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 of the 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. 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Traded on the NYSE American and TSX under the symbol VGZ. 10-4, okay. Sorry, boys and girls. I lost connection there for a bit. Don't know why, but I believe we have Mike on the line from Orange County. Mike, are you there? Hi, Larry. How are you doing this morning, this afternoon? Where are you? Living in Orange County. I'm here. Hi, Larry. How are you doing this morning, this afternoon? Just living the dream, baby. On the green side of the grass, Mike. What do you got for me today? I don't know what you think. We're going with crude oil now. In your newsletter, you said if we break this level, we're going to go a lot lower. Are we looking for a retrace to get short back on that? No, I'm not, Mike. The reason why I'm not is I talked about a little bit earlier on the air here is the fact that the natural gas, excuse me, the gasoline and also the heating oil never even came close to those old lows. So all this was was a test of that low. Because remember, we were looking at $87.35. The low was $87.01. We went ten cents on a contract that's worth $80,000. Hello, operator. I mean, there should have been a lot of stops down there, Mike. And there weren't. So that's why I think we're probably and we've already rallied $2 a barrel. We've given a half a dollar of that back already, but I still think it's got a chance. But if we close below that level, Mike, that would tell me by the bing, by the boom, there's something really wrong. But right now I have to say we're still in the bouncy mode. And the news is so bad and it's not going... Should we have looked in to get along on that with a test at that level? If you have the courage and like to read the tape and wondering why there's no selling down there when it was making no news lows and that's what I didn't get. I didn't get it bought till a whole lot higher, but I was seeing it happen. And I was in some other things that were working pretty good on natural gas and also the gold. So I didn't get focused on the crude oil like I should have been. But yeah, I was watching that because if there's a number down there that everybody's looking like and it goes down 10 cents lower that's $100 on an $80,000 contract. I mean, hello operator. I mean, there's no selling there. Okay. Does that help Mike? That's just reading the tape. Well, I don't know what to do. Well, hey, I didn't either. I just waited and I ended up buying it higher. But my comment was the same thing if it goes up and makes a new high just like we went up $100. We weren't, we go to 43.25 and wanted to do it stop going up. So that tells you there wasn't much there. That's all. Right. All right. Thank you, Larry. I really appreciate it. Mike, I appreciate you calling in and thank you very much. It's always good to hear from you, buddy. Bye now. Okay. All right. Now we want to talk about the FTSE here because the FTSE is really what the UR does who happens to be vacationing all this month. But as you can see here, we got this huge double top formation. You can see the little green three drive to a top pattern. You know, this is a pretty important one because that's a four hour thing over the last five or six days. So that is a really important one sitting right there at that big ABCD that we had right in the middle right here. So very, very important. The standard was the, well actually 4292 was one standard deviation in the E-mini S&P and boy, they follow these numbers pretty nicely. So we're expecting a correction today, maybe for a few days and then we'll see what it's going to do from that level. Now we also want to look at the German DAX because it's been gathering steam since they realized that maybe fuel oil to keep them from freezing to death this winter and my guess is, it's probably going to be this warmest winter that we've had in decades would be my guess. You'll see here that we had the beautiful 382 retracement right here just like we've done in the natural gas and also in the Dow Jones today. We pointed those 382s out, but this is an hourly. We had another 382 right here as you can see and this market continues to go higher. So tomorrow we'll have a better update of where that market's going to be going from that time and then we'll be able to see how the things work out and then we'll move on to the next one. I had one other I thought would be relatively important chart here. If you'll give me one second and that is the Euro because this is the market that just continues on giving and it's just so bearish folks. This is another reason why it's going to be hard for the dollar because the dollar is so strong it's going to be hard for gold to get moving very much. So anyway you can see here the 382 we're way down into here way below the 102 level folks already today. We pointed this out last night that it had some really strong indications that it wanted to be going down today and that's exactly what has been happening. The only one that hasn't really performed like we thought it was I mean it's not been a big deal hasn't moved anywhere was the fact that the treasury bonds we expected the treasury bonds to really start to fall apart and they haven't actually done that but they haven't gone up yet either but they should be on a down day today given all the bad news but here again you had really bad news from China in that bond market and ours held up relatively well I mean we're trading in about that 141 just a little below that so it's really amazing how these things move but remember like I said on the show here you've got three companies that run this stuff and these things don't go down until these companies sell and that was BlackRock number one number two Vanguard number three is State Street Capital those are the ones that make the operations work down there because they control well over 60% of the value of the S&P 500 plus I'd hate to even think what it is in the Nasdaq and some of the others where they have huge amounts of some of these stocks at extremely low prices that they can put in and out of the market whatever they want to so those are some of the things that we're watching here this morning I covered the open interest part there was one other one that I wanted to cover tomorrow I'm going to talk tomorrow about the foreign exchange markets and look at some of the exotic ones that we don't always look at and that would be the Canadian dollar, the Australian dollar and a few of the others but we're also in the midst of a corn market folks we have to pay close attention here so please come on on a corny where are you okay here's where we are here we hit some real major resistance here oh no stop the front door and raise the rent there we go here she is just a second let me get the corn up here had some major resistance over the weekend we're down about 20 cents from that level we posted this in the newsletter of course and there's your 382 retracement there on Friday and we got down to I believe corn hit the I think we're down 619 we have 626 we didn't come down too much down about 15 cents from the high but the fact that it was able to do that was relatively very very important so well we got another break coming up here pretty soon we got a crude oil still holding up I notice at 89 the low was 8690 so we rallied 2,000 bucks in the crude oil and we rallied a whole lot and rallied about oh my goodness we rallied $5,000 in the natural gas and not only that but the natural gas I just my alert just went off to tell me we just made another 382 retracement there at 8.7 so we'll see if that's going to hold it for the time being so we're going to take a little break down to pay a few bills 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 in a creative 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 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 Pezzavento 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 for just $1 for the year there's no cash or added costs 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 don't forget you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV oh Jesus sure thank you very much okay folks so we're going to take a look here at the silver chart and as you can see here we've been in a very strong downtrend we've not been able to make the 382 retracement like we made in the gold market so it's still telling us it's relatively negative even though we've had a $3 announced rally from 06.17 to 20 almost 21 so almost 4 cents $4 per ounce so I think this is still we're going to watch it on the pullback but I believe longer term there's a chance here in gold this next pullback that we have I'm looking at a number from 1825 it's 100 we were up 150 points so let's figure it's going to come back 70 points that's going to take us back to around 1775 so let's be watching 1770 make it 1750 let's be watching 1750 in the gold market that will be a 50% retracement if you get that with an ABCD Bada Bing Bada Boom then you'll be able to see that you know that's it that's a bad sign that's a negative sign the fact that the gasoline is negative below that level that is negative negative it never should have gone below 873 so that's my two cents worth on that so that's what we're watching here today so tomorrow live everyday in an attitude of gratitude and may God bless and I'll see you on the flip side tomorrow and try to do something for your neighbors folks because there's a lot of folks out there that are having a whole lot of trouble so we'll see you on the flip side tomorrow bye bye