 The following is a presentation of TFNN Trade what you see With Larry Pezzavento All now toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Welcome folks appreciate your growling and problem with us out here. We have the now industrials right now at 38 You get the Nasdaq down 109 s&p's are off 9 go contract go contract trading up $17.80 at 8 at 17 49 and ounce we have silver up 10 cents 18 dollars 81 cents an ounce of late sweet crude up 49 cents 96 dollars 83 cents a barrel notes and bonds the 10-year note up a full point played trade in 1928 the third year up a point plus 24 ticks at 14203 and King dollar King dollars down 511 ticks trading at 106 400 the euro is at 102 the ends at 136 point 0 8 and the British pound is at 120 to 1 us dollar our phone number's 877 927-6648 give us a call folks. I know it's going on in your world So in the world of the s&p's let's take a look at it This is pretty cool What's happening and what you want to happen here if you're a bull folks is this so let's go take a look at the E-mini so the first you know when Tommy's doing the show bottom line He had a nice pop up and then you gave it up. Well when you came down Okay, this is a high volume low when you came down and we'll kind of commit to test it right now That's what you want if you want higher price. So we came down at 10 o'clock. We got down a price point of 39 86 You had contract volume of 63,000 contracts now watch this we are right now in eight minutes and you have 32,000 so the bottom line is that you have no more force on the weight Well, we'll wait another two minutes, but my take is that this is the test of that bar I'd love to see it get right to the bottom of the bar actually okay right now We're at 92 this bar got to 89 And 86 is the number, you know, we'll see if it's gonna be a rejection right down there The cool thing is is that the contraction of volume is huge man on the way down So we'll see how this shakes out, but I suspect that you know We're gonna get that test and guess what this market wants higher price and to cut to the chase It's gonna be it's all about the US dollar, you know the bottom line is that you have the The dollar right now The index is down 494 ticks and if we can stay down at these levels, okay the bottom line It's gonna make a huge difference. Okay the level that I'm talking about now. This is where the what has happened is that The dollar Whoops, let's do this one The dollar has stayed above this 106 792 now That's a huge sign of strength that the dollar had you know bottom line that was when the dollar went up 1,700 ticks in one day Well, if we get a close underneath it today That's a number one that it go to the bottom of that range, which is 106 535 now That's a normal deal folks. Okay, meaning that you come back to strength That's how it works that being said though watch this This is how this shakes out and this is what's gonna be really intriguing about it If you take the trend line and you put the trend line up from the low that was established in May What you're going to see is that you're gonna be coming into that trend line now if you break that trend line with conviction conviction means Normally my definition conviction is wide price spread accelerated volume now. We don't have volume on the currencies I would like to see wide price spread the wide price spread would be just like today today We had wide price spread you got a 700 tick price spread you get a 700 tick price spread That's gonna bring the dollar down a 101 297 and the bottom line is that if that's what you get You can expect that coming right into window dressing next week that All the big techs are coming out next week That's telling me if that breaks man We are going higher if we take a look at the euro the euro set up the same way meaning wants higher price and the euro No doubt let me do this for you. So you're gonna see this. It's the same set But just the inverse of it Not as high, but you get the inverse of it one and there's this one here The end the the euro has a higher to go to break its trend to get back up to that 107 price You know, but with this you get a lot of action out here That the most deviant part of the moves out here today folks have to do with this note and bond market So check this out the tenure looks like it's gonna be an ABC structure on the way up and You're coming into the swing point and you got monster volume But the bottom line we're coming inside believe 1.6 Million contracts and we'll we'll get 1.6 million contracts today. No, you come. Yeah, you're coming into 1.6 million contracts We've already done 1.26. So if that's what we get your B point on this is the 1 2016 your a is 114 so I'm gonna say just six bucks and few ticks gets your 124 124 was 120 that'll be a mind-blowing man 124 my god 124 is Bringing you all the way back to where we were March 14th, that's gets amongst a movement and you know, guess what? Markets can do it. That's the bottom line though If I've learned anything and my trading career markets can do it and they can do it in a heartbeat now Let's get over to the gold market. Take a look at the gold market. So we have with the gold market out here Bottom line is you get a little break in the dollar We haven't had any buyers in the gold market as the gold market has been going down. You haven't had sellers But guess what? It's drifted drifted drifted low. Okay. So today bottom line You get a little pop if we actually take a look at the equities you get a couple different things going which is pretty cool RGLD, let's go take a look at our GLD first because I want to show you something here That is so intriguing and this is just so deviant. It's unbelievable So you get real gold real gold is a basically acts like a bank, okay? You know it had a high out here that was established at a hundred and forty seven You go all the way back down to a breakout area of 99 so it gives up 33% right bottom line You got a little pop out here today. We'll see if we can get something going But I want to show you this because this has happened the last couple days in the gold market straight across look at this price cut targets National bank from 165 to 150 you can bring many of these equities up and you can see all these analysts have cut the prices Okay, here's an eco we go cut from 98 to 75 and I'm telling you something the folks, okay? It's always so weird man in the marketplace right that you get a rat highs and they keep saying it's going to go higher And you're at lows and they say it's going to go low up my take is that guess what? That is bullish for the marketplace in their monster way that you know You've been at lows you've been going down for six and a half months and all of a sudden they're cutting prices Let's go over to pan American silver because we were talking about pan American silver yesterday And we were talking about the aspect that it had volume. Well bottom line They can see yesterday. We went from 18 to 1913. You're at 1952 right now bottom line This thing is game man. I mean what we just did here is that we just broke the downtrend that Started well, this has been a all been a vicious downtrend. I went from $30 down to 18 That being said though this broke the downtrend So this now should make its way up to the 24 dollar area and what happens also at the 24 dollar area That is where ice is okay ice is where that's where it broke down. You guys see first leg down went from $30 Down to 24 traded sideways and then blew apart again went from end up going from 26 all the way down to 20 Got a counter-trend bounce and then blew apart again. Stay right there folks come right back iPhone numbers eight seven seven nine two seven six six four eight Come right back folks Blooming inflation. We are purchasing powers eroded. There's no better place to protect your harder and money than ain't gold This the golds flagship asset is the Monk Todd Gold project in the northern territory of Australia This is Australia's largest undeveloped gold project We are talking a world-class gold project in a tail one mining district This is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction This the gold just completed the Mount Todd feasibility study Which resulted in a seven million ounce gold reserve in a 16 year mine life All of this combined with the approvals of all major operational as well as environmental permits This distinguish is Mount Todd is an attractive dearest pot ready development stage gold project This the gold trades on the new york stock exchange under the symbol v gz 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 and your inbox every day First time subscribers also get a 30 day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Steve road 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 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 Call now toll free at 1-877-927-6648 Internationally at 727-873-7618 Welcome back folks. So down down investors right now up 43 you get the nasik down 97 s and p's are off seven and a half Let's go inside the ndx and see the strength versus the weakness inside the ndx out here So you got tesla up by two percent you got uh dolla tree up 1.7 Uh Constellation brands is up 1.5 and you got adp We're going to go back to that one up 1.3 taken away from it facebook is down six percent you have uh Lucid group off five and a half percent aligned technologies are five and uh intuitive surgical is off 4.8. Let's go to adp man This is getting interesting because this is the payroll processes. So This is always something interesting. No, it's great to look at. Okay. So the lows 192 the highs 248 The reason that it's so good looking at it is it has to do with the con the cons The business the business model folks. Okay is payroll So Let's take a look at this on a weekly basis Look at this it's still holding up, man Yeah, this is you know, wow, man. I'm telling you this is getting a really interesting. So look at this, man so adp is pushing On a weekly basis with volume. That's saying that adp wants to run to 240 and the all-time high is 248 Now that's the case man. The bottom line is that that's saying that you know, we are not going to be in the type of shape that uh The 27th so they come out with numbers today Huh, so this is 26. Yeah 27 bottom line is that that's saying man that uh Yeah, that's saying that thing wants higher price, man And you know when you stop putting that together with the aspect of where we are said this this Recession that's coming on maybe a lot less than any of us think Oh, in fact, we may not get one. This is kind of strange We go into the Dow industrials. We take a look at the Dow the strength versus the weakness You know American Express. There's no doubt American Express was talking about how much money people are spending on travel and entertainment That came out. That's up 6% right now That's putting 39 positive points into the uh Dow industrials. You got Home Depot putting 19 Honeywell putting 14 taken away from it. You got, um Verizon minus 20 points Microsoft minus 20 sales force minus 10 We go take a look at uh, let's go take a look at amazon So amazon microsoft all these big dogs next week are going to be coming out with numbers. We'll start with amazon Let's take a look at amazon. So amazon's approaching the swing The same thing we were talking about that i'm looking for the s&p to go to that's one of the 128 99 we'll hit 125 50 Uh, it's going to need a lot more volume, but you know what to have here folks Oh, this would be crazy. So check this out, man This would be intense for all you folks that are into candlestick shawty, right? That one of the biggest You know not not the biggest but a very good indication either at highs or lows, right Is island bottoms or island tops? now This is wild man the way that amazon Has traded here, right amazon's coming up towards gap And if amazon ever gaps away and leaves a gap at this 130 to One yeah 130 area and gaps up that is going to be a total Confirmation that bottom line amazon is going to go to the moon once again because It's very few times. I've seen a island bottom like this. This is in the way that it works folks is this The longer that you've traded at lows And you actually most island bottoms are basically only like two or three weeks You don't have island bottoms that come in of uh May june of three months You know the bottom line. This is how this is set up, you know, so we'll see where it shakes out But if that's what you get you are going to see something that's going to be pretty amazing Let's go to microsoft next. Well, actually let's go. Oh, yeah, let me see what the amazon is saying They want to come in with they are coming in they are going to be looking to come in with 119 billions at a top line and 14 cents to the bottom line now 14 cents is not going to be That's going to be easy for them to do because the bottom line is that they disappointed the last time And they came in at 37 cents because what had happened to their ceo I forget the guy's name now bottom line was spending more money the bezos is the chair now the Spending more money and we know in amazon's case they can do whatever they want to do meaning if they spend less money that earnings Goes up dramatically if they if they spend more money it goes down, you know So the bottom line is that uh, we might see some action that's going to be extraordinary here We go if we take a look at microsoft Microsoft is going to be coming out with their numbers on the 26th And so what's that one two word? Where? Where one second let me see we're at the 22nd 23rd 24th, okay, so that's tuesday, right? Um, the bottom line is that uh, that's trading 261 so the low for the is 241 the high is 349 Put this on a weekly Yeah, see this still has a high volume low at that 241 Yeah, this is this is not as clean It's not as clean there's no doubt about that All right, we'll see where it's going to go Let's go to home depot and take a look at well actually let's go to dhi You know, we're talking about dh horton yesterday dh horton came out numbers weren't that great, but the bottom line is that uh The bottom line is that they weren't that bad also Uh, they they went higher. Yes, they would volume. It's an abc structure in the way up. You can follow through today Bottom line is that you're up 100 a dollar 70 70 753 and that one's higher price as does the rest of these builders You know, you take a look at lanah and this is this is the interest rate structure. There's no doubt It's pretty amazing folks that we've gone down eight tenths of one percent In like three and a three and a half weeks Um, you can see lanah man lanah is in the okay, so this is really cool man lanah is actually Look at this Lanar is actually taken out as consolidation So you can make the case. I'm not going to take the bottom here, but if I just take Well, actually lanah has an abc up too. So this is I think it's the 10 point It's the 13 point a to b which gets you, uh 91 Oh, what am I saying 70 no Oh no 80 80 85 87 Yeah, we're going we're going up man Now, let me put this on A monthly. I'm curious as to what happens with a monthly. Yeah So, you know, okay, so when we put this on a monthly what you're going to see Is that it came down to the highs of the lows? Rejected 67 dollars and 15 cents. You came to 63. You did that with 61 million shares Versus 131 So if we bring it back again, and this is where I heard Tommy talking about the he was walking through this this morning It's the as to the aspect of these fib numbers and the retracements that happened in 2007 because I was well aware of it because I was trading them all Um, you know the bottom line is that you passed the point 382 a 5 0 here is 90 dollars man And that's the abc structure up. So you wanted to keep your eye on that man I phone numbers 877 9276 648 we have the dow down industrials right now down six And that's exam 143 S&Ps are down 60 come 16 come right back 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 charts in collaboration with Brian 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 guardleafs 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 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 Welcome back folks a dow dow gave it up by dow 28 and azix dow 150 s and p's are off 19 and a half Now let's go back to that Good ol e-mini because what you're going to see here is that you broke it now You don't have the volume on the break. So which is we'll see what this is going to shake out Okay, so yeah, let's bring this back There we go Okay, so the volume it just it broke that 86, you know, we're at 81 right now the first volume was 63 Thousand contracts and you just broke with 39 This is not going to stay down. That's that's how this thing shakes out You know, of course, we're all in a speculative business That's my personal opinion But the bottom line is that when you break something that's that dramatic And then we come on the other side and you're still going into 42 and you're only did 39. It's not enough. That's the bottom line Let's go into the nq's and take a look at the nq's to make sure that as that break was going on Did you have the volume or didn't it because if you have Harmony meaning with both of them, it's a different ballgame if you don't so on the ndx It was 5 43 with 20,000 contracts And we broke it with 15 same setup man same setup So we'll see if you know the nq's having a hard time. There's no doubt about that And you know bottom line. Let's go to the smh's because we know that the smh's Work both ways. Okay on the way up on the way down all around and you know what they're only down four bucks, man So that's you know, this is this right here You know volatility we got volatility in spades. There's no doubt about that And it's you know, we'll see where it shakes out on a friday There's a lot of noise out here That's my take on this market because what you have so when you when you're trading the market like this folks, right? If you agree with the aspect that the dollar is running everything When you get a move like this in the way down and yet the dollar hasn't moved Meaning, you know, you you moved a hundred ticks. Okay, but well, maybe that's enough but My take is that if we stay under you're still Down 465 And if you stay under these areas meaning the area on the dollar to keep your eye on is the 106 792 That's 300 ticks from where we are the bottom line. That's going to bring relief into the marketplace. That's how it works Snap let's well actually let's go ahead. Let's go to meta because check this out This is what happened last night folks after the close last night um Metta facebook came out and flat out. They are changing their whole deal man If you're wondering what so at four o'clock yesterday, I finished the program Metta comes out turns around and says they are gonna basically change their home page And what they're doing is that they're going after well they're going after tiktok has taken all their business Okay, so I mean all these platforms are insane if you want to be brainwashed if you want to not have a life Stay on them. Okay, because the bottom line a bunch of slaves. That's that's how it comes down And facebook knows it number one. They're the first runner out here Understanding how you can move people around And tiktok tiktok is taking over the world So now meta is going to change its whole structure and be more like tiktok Probably smart move business wise, but the bottom line is that if you're involved in that, you know, you screwed That's the bottom line, you know So facebook parent meta platforms is changing the way it shows It shows users post and videos on its flagships social network Part of an effort to get people to watch content from accounts They don't already follow and better compete with the video app tiktok What's also happening, you know when I was talking about this bested was showing me on uh instagram What's also happening there they've changed their Uh a logarithm on instagram also. So now what ends up happening is that you they're pushing everything at you That's the bottom line before My understanding is that if you're there, you know, you have your friends and you look at your friends now that that has changed He was showing me yesterday how um You push the first couple up right and that's your friends and then all of a sudden everything starts firing off after that after Uh, you've seen your friends. So, um, you know, we'll see where it's going to shake out, but I suspect Uh, you know, they're going to get business, man. That's that's the bottom line because you know that that They're all addicting. That's that's the real bottom line Snap we take a look at snap snap is left out in the cold Uh, what you have here with snap the bottom line is that uh, it says advertise the slump crushers quarterly sales You know Bottom line is that with snap, you know, this has been like the market has been on a one-way trip on the way down We just went from 40 one dollars down to 10 Uh, it looks like it's going to be a monster abc down and if it is Look at this man if it is You take the top of this gap, which is The bottom of the gap, which is 21 21 To 12 so you get eight That's seven bucks. That's saying it's going to seven bucks. Let me see. It's the seven bucks Yeah, seven dollars and 89 cents is the low that was established in uh, just march of 2020 Oh man march of 2020. Yeah Yeah, that's where it wants to go man march of 2020 That's pretty amazing man. There's no doubt. That's uh, you know, they're blaming it on advertising, but i'm not quite sure Uh, how they push out advertising anyway, you know, we gotta take a look at the uh, let's go take a look at numont Okay, so numont, of course one of the largest gold stocks out there Um still can't catch a bit. So we just amazing So like i'm not quite sure You know, what's going on with that big because numont folks had been the strongest company And the run-up the last run-up that we had inside the gold market numont, you know ran ahead of everyone else to 86 uh, you're at 51 right now and you know just like All of these equities that looks like these equities have taken basically a 33 hit And you know numont's not out of it yet. That's the real bottom line. If we go to barrack, we take a look at barrack gold Let's take a look at barrack Barrack same thing. So these big dogs man are having a problem. You know an eco eagle uh An eco eagle out here That is a problem Englo Ashanti this gap tired this morning. Let's see if it's still holding price So it's still up 30 cents this gap tired this morning It's this this one's a close call whether now when I was talking about island bottom This one's a close call. You know, it does have a little tiny gap. It's only two cents Uh, but that's how island island bottoms normally form You know, you get five or six days then you gap out of it You gap down you gap out of it then you get some action You don't have what I just showed in amazon, but you guess what if that's what you get Then the difference is the strength of it is absolutely dramatic. There's that's how it goes We go to uh gold fields. We take a look at gold fields now gold fields is taken over gfi And that got a little pop today and the calculation is point six oh share of gold fields for one share of umana Uh bottom line is that uh, you know, they'll they'll go one for one out here. That's how they're going to shake out Um, you know, we'll see whether they can get me traction Uh, you're gonna no doubt have a very large company when those combine because we take a look at gfi Revenue in gfi is uh, I gotta convert that to yen Well, let me The yen the yen is running not yen. Yeah Um to the randall the randall is about 17. Yeah 1670 right now Yeah, I can't do that in my head Uh bottom line it's going to very be a very large company, you know, because the bottom what you what you do have is that uh dollar wise, uh umana gold takes in 1.9 billion. Yeah, I can do this in my head. I can get this close and Yeah 1.1. Yeah, there's going to be a two point about a 2.5 billion dollar Gross company. Not bad. Stay right there folks. Come right back. We have the dow. Dow industry is down 74. Now it's x-off 196 S&P's off 27 will come right back TFNN has been your trusted source of analysis for bonds metals stocks commodities and options for years And we are happy to announce that we are bringing that same caliber of analysis for the forex market Teddy kextat has 30 plus years of experience in forex trading commodity risk management forex hedging volatility and so much more Teddy releases his weekly tiger forex report every Monday morning with elite coverage of all major currency pairs Including the dxy euro dollar pound dollar ozzy dollar dollar yen dollars swiss frank and so much more Teddy will recommend specific trades when the market presents them and provide updates throughout the week when warranted for the month of july inaugural members to the tiger forex report will receive 25 percent off the monthly subscription for as long as they're subscribed Just use promo code teddy 25 to lock in the added savings This offer is good only for the month of july So do not miss your opportunity to save on the tiger forex report TFNN educating investors The technology around us is changing every day with so much happening It can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information you need to understand the technology That shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at TFNN dot com for only 37 dollars and 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee TFNN educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade chAU or chAD Directions daily csi 300 china a share bull and bear ETFs China a shares in either direction Visit direction investments.com 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 8664767523 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 Welcome back folks. I doubt that was down 58. You get the naztec off 186 s and p's are down 26 Let's get over and take a look at Verizon. So we had uh my bell first coming out saying Bottom line is that people weren't paying their bills and uh, Verizon You know that came up with numbers here and you know bar. Let's take a look at what they're saying Verizon fell in early trading after cutting its forecast for second straight quarter adding to concerns that consumers are pulling back on spending And you know as many of the tigers and tigers is the same inside the den You know what's amazing about this folks is that I'd say that everyone Would pay their phone bill first or at least have a phone bill. So this is this is This is pretty wild the largest us wireless wireless carriers having definitely difficulty keeping up with rivals on subscriber growth Amid heavy phone discounts in decade high inflation Verizon said friday that it added only 12,000 monthly Wireless phone subscribers in the second quarter well below predictions For 167,000. Well the bottom line it seems like everyone. I mean are they trying to have uh, you know Like two year olds with phones now or something man because it seems like everyone you see has a phone Excuse me Look at this man Okay, so the problem here you got two gap downs Okay, because you had my bill come out yesterday that took Verizon lower You got another gap down here now. Let's go take a look at this On a weekly This is Okay, so you're broke hundred 180 million 136 121 Had to pull us in a monthly and see where this is coming into I see okay Yeah, it's it's a consolidation man. It's coming to the bottom of the consolidation of the consolidation of breakouts $40 and 92 cents That's how this shakes out man. You can see what's happening also though. Yeah You know Yeah, this is just coming to the bottom of the consolidation reason. I'm saying that Four months ago. It came down with 552 million shares, right? You don't even get close to that. We're at the end of the month and you're at 267 So that's how that's set up. Let's go take a look at my bell because of the law so Verizon At this price, you pay it's paying a 5.76 percent dividend if we look at my bell My bell took a toasting yesterday I see my bell gap down. Let's look at this My bell gap down the gap is 18 29. Oh, this is going to get interesting So watch what happened yet on on the daily You came down with 123 million going into 157 million it could you close the gap the gap was uh 18 29 we hit 1824 this is so weird man when it can do it like right almost to the penny And you're talking about you know, not one to five numbers, you know, you're talking about very large numbers So same type of setup man. That's this is definitely the same type of setup My bell's paying a dividend of 6.04 percent at this number And let's just I want to look at this again So my bell is saying it fell the most in 20 years after saying some customers are starting to pay off They're starting to put off paying their phone bills which contributed to the wireless carrier cutting its forecast for free cash Really shared by 2 billion The emerging economic strain on consumers is adding to the pressure that the company had already been facing From steep discounts on phone, you know, the bottom line is I suspect you know what this could be folks The bottom line is that You know, you had we had the pandemic, right? You had the pandemic You had the amount of government funds that are going into the economy in a monster way You had plenty of folks that didn't that's got so used to do work and they don't want to work, right Now what's happening is that they're running out of money because now it's like, you know, yeah That's that's I suspect that's exactly what's going on because if you're working You're going to pay your phone if you decided that, you know, you're on the dole for a long period of time And you know, it's a one-way street. Well, guess what a one-way street does You know money goes quicker than all of us would like it to go and I suspect that's that's it's really so If if that is the case if you get your head wrapped around that for a second That is going to be, you know, one two quarter deal Because what we're going to see is that you're either going to see folks go back to work All you're just going to basically see folks being broke, you know, and I'm talking about, you know, right across the board here You know, there's that that's how I suspect we're going to see things What was it is, uh, I'm not sure what it was best for this telling me are A few of these restaurants right now. This is what's going on They're coming up that this is the first time that they can get get a full crew Because people are coming back meaning, you know, they've had plenty of business, but The help side of it hasn't happened. Well, my understanding is that that is changing is changing pretty quickly Um, you know, I'll ask best for that this afternoon when we're on here But I believe that he was the one that telling me that uh, he was at a restaurant And some was telling him was the first time that they that they actually had a full staff in almost three years You know, so, um, that makes a difference, you know, if people want to work the bottom line is bred Out here to be made, um, you know, if Uh, of course what does happen is that when you're in the dole, um, you can get very used to that And it's very hard to come back out and start making money and you're working in general You know, it's so intriguing. You know that whole cycle in general Meaning that you go to work. I remember when I was a kid like thinking that You know Okay, so you got to go work to make money. I always enjoyed it. Um, but I also understood that Oh, man, I'm gonna do this the rest of my life That that is quite a deal, you know, particularly when, you know When you get a full-time job that that that changes the dynamic there's no doubt about that that okay Is this what we do, you know, and you know, I've explained to you know, plenty of folks that Whatever you do, you want to really enjoy it just like as you know, we got a Duffy saying I enjoyed my career. I had a lot of fun. There's no doubt about that you you What I What I expect most of us do, you know, Duffy was probably really lucky Is that you have to do everything. I don't care. I you know, picking up garbage cleaning toilets I can give it it didn't matter to get to where you want to go So, you know, when you're young, that's what you got to do, man. I mean, you know, unless, you know, you're You know, actually know what you want to do and you have, you know A lucky silver spoon or something, you know what I'm saying then that changes things maybe a little I'm not I'm not quite sure I think even You have challenges at the beginning. That's the bottom line if you want to get somewhere Um, you know, you're not going to start here. Okay. This this doesn't happen You're gonna start here. Okay, and then you're gonna call your way up, you know and get here Okay, and then it's a lot, you know, anyway, you get the gist of it, but Then you get used to it, man. Then it's like, okay, you know, it's cool, man You know, you can get creative. You can do things. Okay Um, and you can have responsibility and take care of yourself and you know the folks that you love That's that's where is that, man? You know, that's that's it makes life a lot easier I can tell you that eight seven seven nine two seven six six four eight We have the dow dow's down 50 naziak is uh off 190 s&p's off 27 Gold gold is holding price here, man. Gold's up 1440. We can hold price and These equities can basically hold price is going to get really interesting inside this gold market Stay right there folks come right back 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 c i b c 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 v g z 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 basal 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 basal chapman in your inbox every day First time subscribers also get a 30 day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe You'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis after all He's got 45 years experience as a day trader larry will also provide daily charts videos And data on the key markets that he's tracking expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the tiger's den Available to all tigers and tiger's for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Welcome back folks down down industrials right now Down 29 you get the nazik off 174 s&p's are down 23. So let's go over to these s&p's take a look at it We know that you will you got by that swing point you did it with light of volume bottom line. We'll see oh look at this Oh, look at now. See now you got another high volume spike though This is going to get interesting here. So 39 is 67. Let me see what this is. This is 58 thousand contracts You're going. Oh, that's all right. See what watch this folks. This is so cool, man. I'm telling you, you know Listen, I'm not encouraging you day trader. That's for sure But if you really want to understand just you know, you can keep your eye on these and see how these markets move So you see what happened him that you had Well, first off two different things happen, right? You take the swing out the swing had 63 million 63,000 contracts you take the swing out with 39,000 Then you make a low with 59, but guess what the 59 was still coming into 62 Now the exercise that you do here is just say, okay Now how are you going to go back up because that's why the bottom line is that what we actually did is went into the expansion of price at 11 30 yesterday morning So this is going to be you know as each and every day out here has been You the volatility is not going to slow down this volatility is not going to slow down period You know, we got another two or three months of this volatility Happening in spades next week. I can expect a huge amount of volatility Uh, my take was still going to that swing point, man. That's the bottom line That's that's how i'm looking at this and what you're going to see that swing point I'm talking about is the june for a swing point. You take a look at this cash s and p the cash s and p right now is trading at uh 90 no 90 39 69 and the swing i'm talking about here is 41 77 So that's how that baby's set up right now. We'll see how this shakes out You stay right there folks. We got uh, think a swim coming back up coming back. It's noon, right? Yeah Vicka swims coming up and then i'm in uh, steve roads after that. Dave white. I'll be back this afternoon Dow down right now. Uh down 58 nazics off 184 s and p's at uh down 27 have a great one safe one See you this afternoon folks