 Let us know and you'll get a full refund within 30 days of signing up TFNN.com 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 This is Billy Ray Valentine from TFNN Located in I believe at St. Petersburg, Florida now Anyway folks, Billy Ray went to confession today and he's going to say Bless me father for I have sinned and that sin is boy I missed one hell of a leg up in these stock markets I posted the chart here of the perfect sale we had yesterday at 3820 That was the high 3825 The market dropped 30 handles Now I posted the one for the Dow Jones I'll do the one for the S&P You see the previous days low to the high was exactly 382 today exactly 382 and it's staying there and I am getting ready to send out a video about being careful about this and guess what Windows switched me from Windows 10 to 11 or something happened that it shut me down and I had to get help it took me about an hour to get the help I know it's no excuse but we hit this absolute perfect 382 here and gosh I said oh my gosh I had a 30 point handle in it so at least the worst would happen that you would have either booked some of it or you would have had a break even trade at the very worst Now the next one I want to show you of course is the E-mini S&P a little bit different because it was making a 382 of yesterday's also but I only have that distance put in there I didn't have all three days put in but you'll be able to see we were sending right there exactly at the 382 spot from yesterday and it was an ABCD you can see the ABCD and it just stayed there and stayed there and stayed there and I said oh brother I said I know what this is and then as you can see here by the time I did the Dow Jones one and then looked at the E-mini you can see how much it jumped in just a few minutes so I am going to have a telegram channel this week I've already got one set up all I've got to figure out is how to use it these things will be sent to you instantly and you won't have to worry about e-mail or anything like that it will come to you instantaneously and you can get an idea of what I'm looking at I'm not right all the time but some of these things are so doggone clear that you have to be a blind man to miss the darn things speaking of being a blind man let's take a look at this one yesterday that we were talking about this is you think these numbers they don't use these numbers folks let's look at this this is gold you know one of the most actively traded things in the world certainly in the top 10 in the commodity group you can see the previous days low exactly at the 50% level we rally to the 382 where we said that would be a pretty good sale up there at 58 we come all the way down 18 handles down or 16 handles down to 41 the exact to the tick 61% retracement of the low back here and as you can see here we've already exploded up $17 so those are the ones that you like to see and we'll see what happens with the rest of these but that's what we're looking at right now now I had a question about one other thing that I talked about yesterday and that was if I can find it all the chart of just a second get it up here about that Elliott wave stuff just a minute the person asked about this and let me get this up here and I'll try to answer it the best I could the person that was calling was about a Weikoff person okay now those of you that look at Weikoff they're always using these waves analysis like this and swings they also use these types of things like this now all Elliott did he made those one two three four fives and things like that he was at the same time as James Weikoff Schellenberger and Schellenberger what was a guy's name that I can't remember nephew of a Murphy of John's a Murphy John Murphy no no no what is it what I know my mind is gone blank here for a second folks but anyway he was the son-in-law of Schaubacher Schaubacher was the one and anyway his son-in-law started Edwards and McGee he was McGee of Edwards and McGee okay and they use these same types of things these guys all lived during the same time just like I'm I've lived with Peter Lighties and Larry Williams and all these things none of nothing's new nothing's new under the sun it's still bar charts that's all it is whether you call it a pumpkin or grapefruit it don't make any differences still swings so I don't get too much involved with that I have a hard time with Elliott because I can't figure out that number three or number five that was probably because the four years in the fifth grade I had trouble with mathematics but that's neither here nor there but we have busted through to the upside on some of these things folks the only thing that we have going today is a solar eclipse with a new moon and it is a big one because it's October we got the new moon and then we have you're going to see a spectacular full moon in seven days folks oh my gosh it's going to be really excuse me in 14 days you're going to see a spectacular full moon it's going to be really really amazing now the other one that's interesting folks and we have been mentioning it along the way here has been the us dollar index and that us dollar index has broken now down below the level that we were looking at which was right around the 110 let me get this up here that was the reason for the big move in the British pound they can say what they want but you know when Richie Soonak when this market was right on its tail in the British pound the news was so bearish the British pound was going under bankruptcy whatever they wanted to call it what is it so happy days over there now because Soonak is an ex-golden sacks banker and I'm sure he'll do a lot of things to help turn the country around but what we've done here is after we hit this level right up here and we broke below this level now we're going to be making an ABCD it's going to be our first one in a long time and that will be down in here and that will tell us whether the US dollar index has got any wheels or not you know if you look at the if you look at the Euro which we're going to in just a minute when we come back from the break you're going to be able to see that this is nothing more than another ABCD rally in a bear market just like this is an ABCD rally in a bull market you see you got your A, B, C C's right there and D is right down here is where you be looking at that's around 109 I believe 108 so that's where we'll find out whether this has any legs or not we saw some indications of it of course you know but that's basically it folks the key to that market for me was when that news was so bullish on the bearish on the British pound last week and I was short the Euro and the pound and I told the folks tighten up your stops I said move your stops 20 pips above the last swing high because this market should not be going up at all and it was already starting to rally and it had a hell of a rally the stupid part and then I got to give another mea culpa mea culpa mea maxima culpa is why didn't I go long and I you know I had a lot of things going on so I figured that was the main reason why I did it but that's what trading is all about folks it's all it's all about we'll take a break this huge is our guest alpha insights at the break 130 stay tuned teddy keg stat has just announced a live webinar coming up for subscribers to his newsletter the tiger forex report Wednesday October 26th at 4pm eastern time teddy will be hosting a live 60 minute webinar forex strategies and fundamentals what is behind the tiger forex report newsletter in this 60 minute webinar teddy will be hosting a full breakdown of the markets that influence currency pairs as well as applying those variables to individual currency pairs how to evaluate trading scenarios for risk versus reward as well as a live question and answer session sign up now and gain instant access to this live webinar coming up as well as a month subscription to teddy's tiger forex report which comes with a 30 day money back guarantee so you have nothing to risk don't miss out on this live webinar event with the tiger forex report October 26th sign up now for the tiger forex report at the front page of tfnn.com 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 an amazing accomplishment Steve Rhodes is committed to sharing his techniques he 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 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 $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 okay folks Larry Pesaveno for tfnn and we're going to do something a little different right now I think it's going to be a real treat but we never know we have on the line so I'm going to go over to Henry who happens to be one of my students that I met over in London and Henry are you there I'm doing good my friend now people have asked me many times you know the trader that made that $100,000 in a couple of days back when the market was collapsing and that happened to be you I believe is that correct yes no holds barred you know I'm 82 years old because you can't hurt my feelings or anything but I want you to tell me about how the journey has been since you start looking at numbers the Fibonacci numbers and patterns and stuff like that because you know the road's not been smooth and everybody already knows that because you just give them a rough idea of what you've learned and you know the things that you're looking forward to and stuff yeah of course so I found it that explained all these crazy reversals that sometimes you know the market's ripping up and suddenly it just pivots and turns and it's like you know the uptrend never existed you know all these you know rallies that we've had recently that look like amazing starts to and you bull trend suddenly reverse and turn into 618 and it's just something I never watched before you know whether it's a grenade or a 3-8-2 I would say that the hardest part is that nothing works all the time so at the end of the day I feel like having success in many trading strategy it's a big part about how you manage yourself in respect to winning or losing you know nobody out there can tell you this is your 100% winner set up in a trade this another lose but I think that's what most people are looking for that's true now Henry you're in a very aggressive trader as I as we've chatted several times well more than several times but do you are you still using the aggressive approach or are you backing off a little bit how is that working my best trades will tend to run hard right from the get go and I like to add to them so that if I'm wrong you know you get out fast and if I start adding leverage to the position the market is breaking out for you nicely so in a game that you just never know if it's going to run good or bad you just can't tell and still the trade gets going that's right that's for sure and I know you've followed Tom who guard for quite a bit and you followed along with him quite a bit so is there any advice you'd like to give anybody that's you know into starting trading and stuff what would you suggest I think the most important advice I'd give myself starting out is that remember there is no holy grail whatever you do in trading you're going to make a lot of mistakes we're going to be wrong a lot and getting a handle on just being wrong and accepting that quickly can be very difficult to do yes it is engineering or scientific background you kind of want to look for facts or things that just work all the time some kind of magical formula and it's just not there in the markets I mean there's billions of people out there trading these markets and you can't possibly call it every single time but you know in nature and in markets you see these repeating fractal patterns over and over again there's something to it right or computer training algorithms for humans and so these patterns just keep appearing so you got to keep the faith that you know you'll bag a few winners and if you run them hard the P&L will be good by the end of the month that's it that's the name of listen I want you to thank you for joining us today I know you were a little tentative to be on this wonderful show that we have here at TFNN but you were great Henry just keep up the good work you're doing great thanks Larry thank you buddy folks that's a little bit about what's going on what you learned from this him being also a follower of Tom Hugar Tom has written a book called the best loser wins and folks that's what you really got to focus on you got to focus on the losing trades forget about the winners because when they go you're going to make pretty good money and when you're wrong you want to get out right away it's very frustrating today from my point of view because you know we had a couple of trades of course that were lined up really good the gold and the crude oil lined up really nice and the treasury notes and treasury bonds but they have that stock market act so perfectly at the 382 at 3820 and then go down there and set right at the 382 of yesterday's low for a good 30 minutes and then have computer problems I'm not blaming the computer or everything you know it turned out to be and I made a small amount of money but look I mean the thing just exploded to the upside and you know you've sometimes Mark used to sit here Mark Douglas used to sit here in the office he said Larry he said if you reverse he said you'll make a lot more money and I can steer his voice he's got his hand on my shoulder right now and I can steer here his voice says you can do it you can do it and we tried for two years and I got a new computer every time I start to get in there and do a reversal I get bit on the hand or someplace else of a body part so I'm not too good at that but the other things I'm pretty good at is seeing when that pattern completes I know when the pattern's ready to go and we'll see it regarding the telegram channel it's all set up it's trading tutor you won't be able to start getting something you did subscribe to 24-7 and our students and stuff so we'll have it'll be instantaneous just as I hit the button you'll see it just like I do so there's no excuses of getting it a half hour late or anything like that I'm not going to be doing it all 24 you know 24 hours a day I'm not going to be doing it all day long but when I see something that really warrants my attention I'm going to be in there showing you today that was one of those times when we had the Dow Jones and the E-Mini S&P just sitting there at the 3A2 breathing hard they could have gone either way but you know if you're short you wanted to be sure to protect your profits but if you've got a 30-point handle in the S&P and you're only risking 15 handles you know you've doubled your money so you should have booked something you know especially when it starts back so quickly you've got to realize when markets come back so fast like this they want to go higher and especially on the day where you've got the solar eclipse today and the new moon that's even more emotion so this is the start of that lunar cycle here so it's going to be quite interesting to see how we end up here at the end of the month our guest here at the break hopefully will be Jeff Hughes but we've had so much stuff going on today I'm not sure he's going to be able to make it if not I've still got material that I'd like to cover but I do have him scheduled for today and hopefully and then tomorrow Jim 20 would one of my very closest and dearest friends out of the three that I got left it will be on the line here Jim's a couple you're about five years younger than me but he's going to tell us about his journey of learning and how we work together at commodity corporation and you know Drexel Burnham and stuff like that we'll have some good stories for you there so live every day in an attitude of gratitude and may God bless and I probably stopped too early oh well 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 metals 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.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 has programmed an outstanding piece of software that will complement any trader's methodology using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including Gartly'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 gonna 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 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.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 think or swim for more information just click the think or swim banner on the front page of tfnn.com ok we're back folks we have Jeff huge about the insights on the line and I know he's telling us he's got a lot of earnings coming out this week I think that helps these markets move pretty good Jeff what do you think of this rally that we got going on right now very interesting as always Larry great to be on your show today thank you hit it you hit it right on the hit the nail right on the head with the earnings releases about 47 percent of the S&P 500 market cap is reporting this week and importantly over the next three days 21 percent in just five stocks starting with alphabet and microsoft tonight after the close tomorrow meta platforms and Thursday night Apple and Amazon so those are the five and I think what they have to say is going to have a lot of influence on whether or not this particular bear market rally and I think that's what we're seeing since October 13th is a bear market rally the question is whether it extends or whether it reverses yeah that's for sure now the next chart you're talking about a geopolitical risks that are out there what what are you what's on your dashboard here well it's not it's not all earnings and it's not all the fed there's a lot going on in the world outside of that I think you were talking a lot about what was going on in the UK and their bond market earlier in your show and you know we can't help but you know turn on the TV and hear about Vladimir Putin and the latest drama revolving around nuclear weapons and dirty bombs etc but over the last weekend we saw a you know a crucial event take place in China and that was the Communist Party Congress which re-elected Xi Jinping to an unprecedented third term as president of China and in fact it was so important you know he basically stacked his entire team his leadership team with loyalists basically ejecting anybody who was a reformer including his predecessor former Chinese president Hu Jintao who was you know unexpectedly escorted out of the Congress you know to everybody's surprise and I think that was a statement saying hey we're in control now the other thing that I thought was very interesting Larry was the fact that he actually in his speech to the Congress stated specifically that China reserves the right to use force in taking over Taiwan and I think that there's a very very strong probability that China will invade Taiwan or use some sort of a military action to reunify the two countries it's been a goal it's been on their agenda for some time China is normally patient but I think this is the time to strike and they know it and I'm not the only one who thinks this we've been hearing this from key military officials for the last week and these guys were absolutely right when they set up the idea that Russia was about to invade the Ukraine I think they're right again I think China is teeing up for an invasion of Taiwan and to accelerate the reunification of the two countries wow okay now the next one is brings me back to my historical days of 1974 I see that chart I still get sick but because I was long during that last part of that panel there so go ahead tell the folks what you're looking at here well I was in the third grade in 1974 but Miss Deeks was my favorite teacher back in elementary school so I remember it well I will tell you that this chart is probably indicative of what we can all expect to happen here 1974 was a period where the economy went into recession before the Fed halted its tightening they were tightening aggressively into early 1974 they ceased that tightening it's reminiscent of what's going on right now in the US in 2022 in my opinion we're in the very early stages of a recession it's a deep recession remains to be seen but the Fed looks like they have overtightened in my opinion they'll probably continue to tighten at the year end I think that's a lock and then another 50 in December and a couple of 25s in the first couple of meetings in 2023 to get to that neutral rate but what happened back in 1974 is we were already in recession all that the end of tightening did is absolutely nothing it came too late in the process and the market dropped another 66% from its low so the total decline from peak to trough was about 54% but the market was already down 25% when they stopped tightening and it just kept going down I think that we have we can learn a lot from this and if we think about where the street is positioned everybody is looking at a Fed pivot as being a positive I think it's the exact opposite I think a Fed pivot will mark the next move to the downside okay well you've been right on this market for a long time so I think you have to be respected for the work that you're doing there's no question about that now the next chart we're going to be looking at is this major top formation chart that looks actually looks quite bearish actually so we'll get this up here so the folks can take a look at it and you want to tell the folks what you're looking at yeah somebody told me it looks like an egg loo but it's really an inverted cup and handle pattern that is the dominant pattern that appears in the market today earlier in the year we had identified a head and shoulders top formation a classic pattern top that we counted to about 3500 on the S&P and that just played out but the new dominant chart formation is an inverted cup and handle pattern that's a very large degree and if that pattern continues to resolve for the downside it projects to S&P 2500 ultimately well that's now it's down quite a ways from where it is right now that's for sure hold on and I'll get your the next chart up here and it should take too long here though this is an early wave so this is going to be interesting too because I have a question after we're finished here you know our early wave count really starts looking at this cycle wave that dance off the 2009 loo up until the January 2022 high this year and we're counting that as 5 waves up at 3 degrees of trend but if we were to look back even further we think we're actually terminating a super cycle wave 3 top at the same time and if that's the case we think the correction is likely to be much much larger than most people suspect we're in the midst of a fourth wave correction at super cycle degree most likely and under this rubric it's going to trace out three waves an a wave a b wave and a c wave most likely and I think that we're still in the early stages of the a wave which should be a 5 wave impulsive decline and if that's the case we've only really traced out wave 1 and wave 2 we're still in the early innings of wave 3 down and if we're right about this wave 3 could carry down into a target range of around 2750 to 2400 before we see the next counter trend advance of any great significance that's going to emerge. Now we've actually been talking about two-month Gummary cycle turn dates and you mentioned earlier in your show that today is a new moon and it's also a solar eclipse. Paul McCray Mod Gummary marked this in his log as a major cycle turn date and when we look back at all the cycle turn dates this year the 10% advance that we've already qualified as an advance large enough to cycle reverse so we think we're probably in the process of topping if not today early tomorrow because the cycle actually begins with the new moon tonight in between these two trading days. Well that's cool I like that new moon stuff. Hey stay with us folks we got Jeff huge coming back from Alpha Insights. 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 Dave 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 Dave's newsletter the technology insider and get an inside look at everything the technology sector has to offer try at 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 this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ folks talking with Jeff Hughes of Alpha Insights and he's got a chart saying new lows are looming ahead so you must believe it or you wouldn't be posting it that's right Larry we're looking at that two versions of the S&P 500 here on the left is the past three years on a weekly basis and on the right is the past three months at 120 minute or two hour of bars and you know let me focus on the right hand side because we've been talking about this bear market rally we've marked it as ABCW X wave and then we think we're tracing out the second version of that ABC to the upside right now we initially thought it might just carry to the Fibonacci 38.2% retracement which came in around 38 10 but we're now thinking it could carry as high as the 50% retracement of 3908 anywhere in between there would be just fine but the next rollover we think will carry down to the full moon on November 8 which we think will be a highly emotional period it's with the next election we'll be taking place on the 8th and whatever the results are we expect animal spirits to be out of control on that date but in between we've got a lot of action we've got a report we've got a GDP report we've got a Fed meeting on November 2nd so we think there's going to be a lot that influences the direction of the market and we don't expect the news to be particularly good if we're right about this we could see this primary wave 3 low emerge on or about that November 8th level down around the mid 2000s on the S&P we're kind of looking for that 2750 to 2400 range to probably market okay that's going to take some what I would think would be some news announcement we have plenty of that now last time you were on you showed a stock breaking out that did really well you've got another one here ExxonMobil looks pretty good ExxonMobil made a new all-time record high yesterday and a new all-time weekly closing high on Friday this stock looks poised to rally to at least $130 in the intermediate term and we think longer term it could carry all the way to $180 we've been using our stop loss at around 90 which would be last week's low and also coincide with the trend line more or less that's been enforced since late 2020 okay that looks pretty good now we're going to do a quick commercial for you because you do such a good job here hold on I want to get this I hope this is the one I probably hit the wrong button yeah I did sorry disregard that one boys and girls hold on just a second Jeff I have to get this thing done correctly here oh I've lost a cord that's what the problem is shut the front door and raise the rent dog got it alright here I'm back in again there we go sorry I'm just I'm having trouble with windows today and it's got me totally flustered you're doing you're still doing great you're up on a year beating the S&P quite handily by about a hundred percent so that's pretty good and the next one we want to show the folks is how they can reach you and I'll get that up here because you've got a super free newsletter well super newsletter that's free and I think the folks should take advantage of that because anything that's free is you know worth the effort if it's got the material that like you've got in it so tell me yeah for sure so you know take a quick victory lap we've had pretty good year in terms of performance with our security selection work and that's something that you can subscribe to for like ten dollars a month basically the cost of a cup of coffee we publish every week our top idea but we also do a free monthly newsletter and this is affectionately titled huge insights the big picture where we kind of walk through all the top down economic data and market data and we make a forecast just like we're doing here on your show today where we think the market's going to go and you know that's available you can go to my website at jwhinvestment.com it's clearly marked free newsletter where you can find me on twitter at alpha underscore insights and sign up when you click on it you'll see this sort of a picture pop up and there's a spot where you can put your email in there and just click subscribe now it's totally free and then we add it to our distribution list and you know I'm always asked Larry Jeff we love your ideas but how do we put them to work give us some stock ideas to trade and so that's what becoming a member is all about if you join our service and you become a member for ten dollars a month you get our top actionable trade idea every week it's usually a stock sometimes an ETF on a sector or a commodity or something like that but the performance of the stock record that you flashed before is really how we've done over the last year you know we're up 20% here today where the market's down 18% and about a third of our you know picks or winners you know we've got a win loss rate of about 33% or so and the average wins been about 18% the average loss has been about 5% so we've done well for our subscribers and members and you know we'd encourage you to check it out if you're a trader hey listen this is great we're gonna have you on again this is the full the new moon when the full moon comes up I'll be knocking out your door in 14 days how's that that sounds terrific hey thanks for joining us Jeff and keep up the great work I really appreciate it it's really it's really great to chat with you because the work that you have is really incredibly to look at and the way you share it is great too so thank you again very much always a pleasure Larry likewise okay Jeff huge alpha insights folks okay let's get back here to some of the things that we need to talk about we've already covered that dollar index and I think that was the main thing that I thought was the most important thing to look at today we've had these huge rallies today that we backed off a tiny bit but nothing but about 150 points in the down not very much but the notes and the bonds have made some type of a major bottom folks in here we were we were talking about that this week I'll get this up here so you'll be able to see where we were hold on and we will get down to these levels here and get there weekly here on the treasury notes we went right down here to that ABCD completion down here folks we've had a pretty good rally now we're trading up above 110 from that 108 level the bonds have also rallied about three handles already and this is only the third day second day for the bonds coming off the rally so what it appears is that something from just from thinking about it maybe the Federal Reserve has found a Ouija on the Atlanta lamp and is going to be able to fix all of our problems all at once and if they do I think that will be great but if they don't we'll have to look at that at a different time remember folks Larry Williams called for these things to have a heck of a rally fan of Larry's not because I'm a friend of his I've known him for 60 some years 60 years but the fact that he does just super great work and this was one of the things that I kept showing you because there was that possibility folks when I hear people talk about crash and it was set up so perfectly the problem was it wouldn't go down you had the all the things that could have make this thing go down Britain collapsing you know all these things and that when the British pound couldn't collapse something was wrong you know that when the market's making new highs instead of making new lows that's not the way it happens in a crash and that's why I was a little skeptical of it but the bad part was I wasn't long and that's you know cross that I have to bear maya copa maya copa maya moxima copa breast me father for I have sin and expect me into confessional anytime soon I'll be here 877 6 6 4 8 Billy Ray Valentine captain 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 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 Zen 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 Zen available to all Tigers and Tigresses for just $1 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 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 okay folks I posted the chart of the 18 minute chart of the treasury notes you know that's the one that makes the interest rates for your cars mortgages credit cards all that stuff and you'll notice we had a beautiful Gartley pattern right down here remember we had a buy in it right there and I put a believe it or not we lost $100 in it and boom it went down and then went back up and we talked about the John Hills Yum Yum you know that would have been the place to buy but we did say buy that first ABCD Gartley on page 222 of his book he says find that ABCD move after a bear or bull market has finished and try that one because then you don't have to pick a bottom because here you didn't know what was going to happen and you paid a small price here you had a rough idea you had a perfect ABCD at the 618 and your stock would have right below here the risk control of both of these was the same this one happened to work really good see it backed off one more time what's important now folks it's made an A B C D so that means that we should have a correction here it's only a two day correction but you know this market is still bearish so maybe this is a place to be a seller that's an ABCD in a bull market so excuse me in a bear market so if you want to sell it there that was the place to do it so I'm just bringing these patterns to your attention to give you an idea that you can just about trade any direction you want once you figure out what the pattern is doing always look for the ABCD folks if you get the ABCD right out of 618 or 50% or 78 but it's got to get there and stay there for at least a bar because if it goes down below the bar it's going to go to the next one so this one held and it did make the ABCD to the upside live every day in an attitude of gratitude and may god bless tomorrow will be Jim 20 one of my closest and dearest friends from well way back in 1968 is when we first met and we've worked together ever since and it's been a great relationship but he's one smart cookie he's really hard to open the bottle but we'll get him to share some of his ideas tomorrow we'll see you on the flip side tomorrow may god bless