 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, looking good. Billy Ray feeling good, Lewis. Well, it looks like the position at Apple is going to be under a great deal of trouble today because of Mr. Buffett coming out, doing his one-hour talk with Miss Becky Quick, saying that he has 10% of his wealth in the Apple. So we're going to see if that's going to be... Keep your stop working, folks, at 2.99 and 0.25. That's what we'll be watching. Hold on one second. We'll see what we've got here. I don't have any charts yet, Al, but bear with me one second here. I didn't get home till 2 in the morning and I wanted to be sure that I had this computer working before I had everything running. So let me bear with you here, get a couple of things going. There was one thing that happened overnight that I think was relatively important. Actually, it happened on the 31st. Let's get this up here to take a look at it. And this is one that we've been following extremely closely. And that is the British pound. You'll notice from the high that we made back at that 135.20, which was the 78% level on the weekly. And you'll notice here that we made the exact 61% retracement here on... Oh dear, hold on a second here. I'm being attacked here by questions. It's up 1%. Yep, I see Apple is up 1% at 296. It got down to 285 and then Mr. Buffett came on with... Becky Quicken said that he had never seen a stock like this and that he had 10% of his net worth, which was $10 billion in the stock. He has 64 million shares of Apple. So here I am beating the drum against the biggest Indian in the tribe. So I'm probably going to lose on this, but I'm going to do that trade time after time. I will mention this, folks. I followed Mr. Buffett's career for quite a while. And I've noticed several times that he's come out. In fact, in 1997, he came out saying that he had 10% of the above ground silver in the whole world. And silver jumped a buck and a half that day and up to around, I think it was around $14. I've got the chart, but unfortunately, I'm not going to be able to bring it up today. But if you realize that when the Berkshire Hathaway report came out a month or so later, there was no silver. He had sold all of his silver. So I'm sure that he would not do anything like that, but you have to do these things and we'll see what's going on and we will go from that level. Anyway, that's what we're watching. We'll keep it, watch this, British Pound. It did exactly what we were hoping it would do. You'll notice that it stopped right at the 3-8-2. Boy, I'm being bombarded, but it's what happens when you fly and you get stuck in the airports until 2 in the morning and you don't get home till late. I'm just getting bombarded with messages. Those of you that are skyping me, please don't skype with me until after the show because I am running behind and I'm just trying to put this thing together. Okay, let's move on here. I'll just refer to the apple one more time. Keep your stop working at 2.99 and a quarter. If you remember when we were on the show, I said you had a chance to put your stop at break even when it was 2.85, those of you that, you know, and this is why I don't do the trade of the year. Anyway, let's move on here and see where we are. Hold on a second here. I forgot that I've got a quick one here too. Okay, hold on just a second here. Okay, folks. Okay, let's move on here. Hold on one second. I got to do something here, folks. Sorry, folks. I had to do something here. I have to answer a question for Mr. Moneley that it's clean. Hold on a second. Okay, all right, let's move on here. All right, let's get on to the program. I'm sorry. I'm sorry I'm running late, folks. I didn't think I was even going to be able to make it and I probably shouldn't have, but that's the way it was. Okay, we covered the British Pound. Here's one that I think is very important. We got this from our good friend, Rich Anderson. It comes from the desk of Ed Yardini, who is one of the better analysts and technical guys on Wall Street. He's putting into perspective the S&P evaluation, the PE ratio, and you can see here, we're at all-time highs, folks. We're higher now than we were in 1929. And you'll notice up here that we're watching these. There's a three-drive pattern there at the top from 09 to 2015 and then where we are right now. What he said in this evaluation was that one of the reasons why this thing has jumped up so much in the last year and a half is the fact that these executives buy back their shares, much like they do with Apple and other places, and that makes the things go higher. I mean, stop and think. Apple, with 300, how much money they have in the bank? I don't know. And yet they're still issuing bonds? Wow, that tells you that these low interest rates really mean something, I guess. So we'll be able to see. Okay, that's what we're watching here. Okay, let's move on here. Oh, this was back in 1989. I remember that that was from the silver debacle in 1980. When they did, they watched, yes, 280 billion in cash. Shut the front door and raise the rent. Who would have ever thunk it? Okay, let's move on here. The gold folks, we've made a new high in gold this morning. We took out the old highs there at 2 to 15, 2980. We got up to 1531. I haven't checked it lately because I don't know where the prices are, but that's the main thing. The big thing is that the euro did stop at that level, right near that level we were looking at, and we'll get this up here so you can take a look at it. It's now trading below the 61% retracement. The British pound went exactly to the number. That was really an amazing one because that stopped exactly at the major number. Okay, now let's move on. Any question? Now today would really be a good day to help the old cowboy out. Walter and I are under a little bit of pressure because we didn't get to sleep very much, and then when I finally did get here, I was planning to get up at 4 o'clock, but I didn't get to bed until 2.30, and then by the time the old bell rang, it was quarter till the hour, and I didn't have anything ready to set up, and I haven't even answered emails for 26 hours, so that's basically it. Folks, let's just review here. I've got all these charts, so let's just do that. Let's just get up here and take a quick look here at Apple one more time and see where we are because we are trading above that old number that we were looking at, and I don't know if it's going to work or not, and we'll see, but that's what we're looking at. That's a big number up there at 1.618. That number is 291.5, and it got to 294, and today we're trading at 296 after we backed off. Bonds. Thanks, Mr. Z. Hey, we'll be back, and we'll talk about bonds for Marshall in just a second. We'll be right back. If you're not currently using the Taz Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The Taz Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, Taz understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. 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Details on the Tiger's Den are on the front page of TFNN.com. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, folks, I posted the chart of the Treasury bonds and I would like to point out something that we're watching and that is that you see these real quiet days into the holidays we've had in bonds. We didn't have that quietness in the stock market at all. So the bonds are not getting a lot of play here, but they look relatively bearish. Folks, they've been trying to feed us this negative interest rate for a long time and I just don't think that's just not common sense and I think interest rates are going to go higher. Now, we've got a question from someone in the den here that energy stocks are due for a run to the upside. I don't really think so and the reason why is let's just take a quick look here at the crude oil contract and I think that will give you an idea that we should be up into some really stiff resistance in this area. Let's get this up. So you'll see that 62 level was a very, very important. What you don't see here is that it's above the 78% level but that other green line up there that you don't see is from a higher level that comes in at 162. That's a 61% retracement off of a high on the weekly basis. So that's why that 62 I think is such an important point but we haven't gone anywhere. We're trading what 61.30 today so they could certainly do that. Folks, as we come into this part of the year, if you remember we had Bill Meridian on on the last Thursday I believe and he pointed out the reasoning why he thought there was going to be a turn in the stock market to the downside in January. His window stretched from January 2nd to January 10th if you'll remember the cycles that he was pointing out there. So that is not the thing is, the most important tool is not your computer. It's your methodology, your brains. I agree with what David is saying. That's from Joe Denopoly. Joe happens to be a very dear friend of mine. I introduced him to Fibonacci numbers back in 1973 when we traded together in the Royal McCulloch Oil Building in West LA. But the most important cycle of all the cycles that we deal with folks is the 9 inch cycle. That's a cycle from your left ear to your right ear. If you get that cycle right, the rest of it will fall into place without too much trouble. So remember to do that. And also folks, people ask me what is the dumbest thing you can do in this business and frankly, I've got a bunch of rules behind me here in this painting that I have. The number one is never add to a losing position. Folks, I've been trading for 59 years and the number of times that I've added to a loser and it worked, I could count on one hand. And I can't even remember when I've ever had one that would work. Now, if you're, I know, well see, the man who loses best is the winner. That's the main thing that you want to keep working at right here. Okay, now let's move on here to something else. Regarding the, we covered the treasury bonds, we did the crude oil. There's one other one that's interesting here in the oil complex. And that is the, if we could take a look at the heating oil because we've had a 135 pattern in that thing and you'll be able to see that 135 pattern. So this is why that 62 level. If we ever close above 62 in that spot crude oil, then that tells us that this thing is breaking out and we could go back and test that old 61% level at 60, at 65. Remember on that crude oil chart, if you look how many times it hit the $50, some dollar level when it was making the 61% retracement, hit it three times, telling it there was major, major support there. Well, that resistance also works on the upside. Because if you see that happening, then you're going to be able to do that. That's correct. And the other thing, well, here's a nice quote here from Benjamin Graham who was one of the teachers of Mr. Buffett. He says, the essence of portfolio management is the management of risk not returns. So I would, we'll see what happens with that. But there's no question about Apple being the greatest stock in the world ever. There's no sales on it in Wall Street. There's not one analyst that even comes close. They just keep raising their targets, which is what's been happening. I'm the only clog in the wheel here. And I'm only, hey, I'm only risking less than 3% of the value of that stock. So I don't know if it's going to work or not. All I know is at 299.25, I'm going to say, oops, lost this one. And this would be my last trade of the year for sure. All right, let's move on and we'll see what we have going here this morning. Let me do one second here before I move on and talk about, I want to talk about the gold here because if you'll notice, we were looking at this gold here. 15, 15, what is wrong with this? Oh, this was from the, yeah, hold on, we did break out. Now let's get it because I wanted to show you this line. This is where I wanted to bring it to your attention here. If you'll notice here, you'll see the 61% retracement of that swing from the high. That comes in at 1532. And I think we came pretty close to that today. So we'll see that it's a very narrow range though, but we've had a big move. So if we get above this, well, we've already, hey folks, after we cleared 1520, we went up to 1529, what did we do? We backed off $9. I've been mentioning to you each day here that all the corrections in gold over the last several weeks have only been $5 to $9. That's all. And that's what happened on Friday. We had a $9 correction. So we'll see. The high is 1530. We went higher than that today, didn't we, Marshall? I thought my limit miner hit 1531 in the February gold. Am I wrong on that? Well, I can't move to the data without getting off the beaten path here, and I certainly don't want to do that. Let's move on to one other one that I think is interesting, long-term. Let's get it up here so we can take a quick look at it. And that is the NASDAQ. And we have made a new high in the NASDAQ. Let's see where we are here to that point here. I can't find the chart. Oh, there it is. This is the one I wanted to show you here. I want to show you the Australian dollar because they're having all kinds of problems in Australia as you folks well know. Let's get this chart up so we can take a quick look at it, I believe. And then we will try to talk about the grains here when we come back from the break. Let me get this. There's the Australian dollar. Let's get up here. You'll be able to see here. Here, Australia is burning down. Yeah, there it is. The high has been 153180. That's it. Okay, that's it. That's all right, Marshall. World entitled to one correction in a year. And today is the first trading day of the year, so your tickets have been used, my friends. May God bless you and the land for a happy new year. It's been a joy meeting you guys. All right, let's take a look here. This is the Australian dollar in the midst of Australia burning down. I mean, parts of it are really in big trouble. The parts of Australia that is burning down is equal to about half the size of England folks. So you can see the problems. They have temperatures there at 100 degrees with the, you know, the wind blowing strong. We have quite a few friends over there that have been talking to us about it. And many of these people are not insured. So when they get wiped out of their, you know, very expensive real estate, that's it. They got to start all over. And so let's send some white line on some prayers on this, but there's problems all over the world. And my goodness, I tell you, as I get older, I just can't see so many things going wrong in the world. But that's the way it is. 877-927-6648. The Binachi 24-7 and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends. Each Monday you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out. And throughout the week when warranted, Larry will send out via charts or videos or both the key markets that he is watching during the day. This will be up to the date active trading information that will help you in your daily trading. 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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'm going to go down memory lane here because we're at a real critical level in these markets. I think that's my opinion, of course, and it's like everybody has an armpit and they usually smell. So be careful about what I say. However, I want you to look at what we have going here. This was 2009, okay? You'll see that we have a three-drive to a bottom pattern. We have a 1.618 expansion there. As you can see, that this was March the 9th. This was a newsletter. I've been working with TFNN for about 18 months at that point. And I was doing the trades of the year. This was my trade of the year. I said in the letter that time that we were going to see the largest rally in the stock market since, I believe, since 1938, which was the biggest rally at that time, a percentage rally. Well, this went a little more than I thought. We were trading at 6,600, if you'll remember, in the Dow Jones at that time. And we went to 28,700 in rising. So all I'm saying is this is a pattern like anything else. The Bradley model was saying that the bottom should be in. What are we looking at right now? We've already talked about that. Tim Bose talked about it. Norm Winsky's talked about it. Bill Meridian's talked about it. We're over some type of a cycle here. Whether that means anything or not, I don't know. But this is what we're looking at. So keep in mind that even though this craziness appears to be crazy, it's all related to numbers. That's all it is. There's nothing more than that. It's either like the other man. It's either chicken poop or chicken salad. It depends on how you mix it. Okay, I want to give you this quote here from our good friend, David White. The successful trader must fight his two deep-seated inks-ninks. He must reverse what you might call his natural impulses. Instead of hoping, he must fear. Instead of fearing, he must hope. He must fear his losses may develop into such bigger loss and hope that his profit will become a much bigger profit. By Jesse Livermore, you just re-scribed the trading philosophy of Tom Pugard, who is a very, very successful trader. So let's move on and we'll see, you know what... Hold on a second. I've got to answer somebody. Okay. Okay. Okay, let's move on here to the next one. All right. I have a couple of people that I work with, folks that are very, very large traders. And when they put positions on, it's truly amazing to listen to their, how they actually work with their ideas and how they trade and stuff. And it's truly amazing to see their thinking processes, what they have. They really do think about, you know, the defensive part of their trading. You know, that's the main thing. And we had a big break in stocks. It covered a little bit down there at that 382. We hit that perfect 382 in the stocks, folks, from the low of December 13th. That came in at 1314. We've now rallied Ramos making new highs. And NASDAQ, I did believe make new highs, but we'll see how the rest of it's going to... how it's best... how it's best it's going to unfold here. Okay. Now let's get on to the natural gas, because natural gas is getting down near that 210 level, folks. I want to bring this up again. If you'll remember, we had one of our listeners come on from Boston, I believe. And he talked to us about natural gas. And I thought that we were going to get down to this 1.27 level. And this is the ETF, the UNG. Now that comes in at 1630. I don't know where it's trading this morning. Actually, the actual number is 1625. And that would be equivalent to 210 in the natural gas futures. And I think that they're going to hold that level. Whether they do or not... And here again, I'm just looking at the charts. I have never seen a natural gas commodity itself. But that's what it looks like. So I'd watch that very, very closely. Okay. I don't understand this, Larry, for the... I don't understand that message from GL. I don't know what I did wrong there. Okay, let's move on. Also, remember what Bill Meridian said. And remember, his work is all psycho related. And he's wrong at times. He hasn't been wrong for us. But, you know, over a period of years, there's had periods where he actually missed some things. But he was looking that it would probably 297. Thank you very much. We had to have a new high here. Well, we're $2 and $2 and a quarter away from getting knocked out. And if it happens, that's the way it is. I certainly am not going to apologize because that is... You give me that trade a hundred times, folks. I'm going to win on it 95. Those 1.618 numbers are just flat out, just spot on. So I would be... I will not... I call them as I see them. You know, you pay your money and you take your choice. Sometimes it's, you know, it's going to be good and sometimes it's not. Let's get over to the grain market, folks, because I think we've got a chance here for some of these grains to break out to the upside. After we have a correction, I think we're going to get a correction in here. Here's the March soybean contract. And as you can see here, we up around this 952 level. I haven't been able to check it this morning, but it looks like these things are ready to break out to the upside. I don't know if it has anything to do with these bills that are going on in China. It's like everything else in the news. The more I read about the news, the less I have any feeling about it at all. Because what you're reading about in Hong Kong is not what's actually happening over there, folks. These are not protesters. These folks are terrorists. When you start throwing Molotov cocktails down from the freeway onto cars, it's pretty good. So let's see that it is breaking out to the upside. I thought that it would be doing that from the action that we had on Friday, because it backed off about $0.08 and then came back really, really strong. So that means we're going to be popping up to that 78% level without too much trouble, I would believe. So that's it. Corn's holding itself, too, which is really doing pretty good, too. So we'll be watching those as we go through here at looking at some of that. We've got a caller from Kansas. Robert, are you there? I am. Good morning, and thank you for taking my call. Thank you very much. You were very lucky to get through, Al tells me. There were about 200 people ahead of you. So consider yourself in the lottery category. What can I do for you, my friend? I want to call in and see if you could talk to me about gold. And I know you covered it this morning, but I had a different question about gold. Can you talk about what open interest means in general, and I guess in particular for gold, and then talk about how that compares to commitment of traders and which one you feel more comfortable with or do you use both, or just one? The open interest is the simplest one because that's reported by the Chicago Mercantile Exchange every day. That's an auction exchange. So for every bid, there has to be an offer. So every buyer, there has to be a seller. So for the open interest to increase by one, you have to have a new buyer and a new seller coming into the market. Now, if open interest goes up and prices go down, that means shorts are covering. That means the people that are short are covering their positions and that makes the market continuing to go higher. Yesterday, for instance, in the S&P on the Friday before the end of the year, open interest actually dropped by 5,000 contracts. Well, it's not very much. Can you stay with us, Robert? This is a very important thing that we need to cover. We'll be right back. 877-927-6648. If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis According to Bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period. That same $50,000 investment in the Tiger First Mortgage Program would give you $3,500 per year or $14,000 over the four years. 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The funds are designed to be utilized only by sophisticated investors, such as traders and active investors. Distributor of Four Side Fund Services, LLC. The Bull Bear Trading Hour with Tom and Tommy O'Brien. Next. Okay, we're back, folks, and we're talking with Robert over in Kansas about open interest. It's very easy to look at, Robert. All you have to do is, every day, let's say you're following gold, all you have to do is to go to www.cme.com, click on Data, then click on Metals, then scroll down to where it says Goal Futures, and then if you want to click on that, it'll show you which each of the contracts are doing, but it'll give you the total open interest and that change on the day, and that's what you're doing. Now, with the other one that you're talking about, the traders and that one, that one, sorry, go ahead. One second, I'm sorry to interrupt. So on the open interest, you're saying if open interest goes up and the price goes down, it's short covering, what's a positive message on open interest? Okay. When prices go up and open interest goes up, there are new buyers coming in. Okay. That's bullish. Regarding the other one about the commitment of traders and the other ones that commercials and all that other stuff, the problem with that reporting is it's coming in late. You know what I mean? And I've looked at that, but I have not had much luck with it. First of all, that's a really long-term positioning usually, but I just have not had too much luck. Someone who's very good at that is Larry Williams, and there's another guy that does it. I think it's Steve Breeze. He's the man who really knows that. His whole letter is nothing that's all about that, commitment of traders and that type of thing. I'm really a simple person as far as the trading goes, Robert, because I look at that chart and that bar chart, it tells me whether buyers or sellers are coming together, and I try to keep it as simple as possible. And when I have to start thinking of too many variables, it makes it more difficult for me. And so I try to keep it as simple as possible. A perfect example, Robert, no one in the right mind would sell apple short. I mean, it started out pretty good. It's not ending very well right now, but I still have, that's how I operate. I operate on those numbers. They serve me well over the years, and I'll continue to do that. But that's my feeling on open interest. I'm very strongly important about that because it comes right out of John Murphy's book and John Hill's book. And it's all related to the number of buyers or sellers. When you start seeing big drop, we saw this in bonds, Robert. I don't know if you listen to every day, but back in September, we were having big drops in open interest in bonds. People were leaving that market like there was a fire like they have in Australia. And now we're 15 handles lower and nobody says anything about it. So that's why you have to look at it because it's pretty important. Go to the CME.com and get the open interest for both gold and bonds. Yes, you can. All you have to do is just where it goes to where it says interest rates. You just click on interest rates. It'll give you all of them and there's hundreds of them in there, but just go down to your 30-year treasury bond or go to your 10-year notes, your two-year notes, your five-year notes, all of them will be listed there. And if you click on that toggle, it'll take you to show you exactly which each contract is doing, which ones are getting more interest or not getting most. And also the same thing with options, too. It'll go and give you the option open interest. All right. Well, thank you so much for your time. I appreciate it. I appreciate it. Happy New Year to you, my friend. Happy New Year. Okay. Let's move on here and talk a little bit more about one of the things that we wanted to talk about. And that is this gold market. Just a minute ago at 1533. So we'll keep a close eye on that one. We got the Crude Oil Trading at 6117. I think we're starting to move down. By the way, folks, if you trade off these Fibonacci numbers, we hit the exact 61% retracement on the British pound. When did we hit that? We hit that on the 31st. And here we are. We're down now here on the second here. We're trading right at the 382 retracement now of the whole move. So this is a really key. Let's just do this together since we can have some funds with some live stuff. But this is what I do during the day as I watch these key levels. If you'll notice here, let's just get it up here because we're within about 10 pips of actually seeing it. And we'll be able to make it. Okay, the Russell, hold on just the second boys and girls. This is not going to work. I've got to move this over just a little bit here. And then we'll get next. We're going to have some new guests next week, folks. I'm hoping to have Richard Mogie from the foundation from the study of cycles. He's become a retired fisherman now down in Tennessee, but he wants to share some of his ideas about cycles and also some of the work that they did with the foundation for the study of cycles. That'll be a really good one to look at. So we want to pay very, very close attention to that one also. Okay, let's move on to one other one here that we want to talk about. I'll see the NASDAQ. Oh, yeah, the NASDAQ shattered the old high by a lot. Well, not a lot. We went above the high 15 to 8843 and we got to 8852. We didn't take it out in the S&P as of yet, but it's still early in the day. Let me double check here to see how bad it's going to be here. Well, it's not too bad. We got up to 9669. We're at 9586 now in the Apple. So you're still alive, but as the man said, as he's going out the window, well, everything's okay so far. Don't get hurt until you hit the bottom, folks. So keep your stop working in Apple. And believe me, this is going to be history because this is the last one you're going to get as a trade of the year. I do a lot of trades, but not a trade of the year. And I don't know. You just have to people just ask you so many and a lot of the questions are really great, folks, but I just can't answer them because I try to keep it as simple as possible. I really do. When they start talking about things like commitment to traders and things, I've looked at that stuff. I don't understand it and I can't use it. I do watch open interest discourse, but I keep it as simple as possible. Open interest is a great tool. My gosh, if you look at what Basil Chapman and David works with him and also Steve Rhodes, they're experts at that. That's not my expertise. My expertise are ratios, patterns and that's it. I keep it as simple as possible and I owe all that to John Hill and William McKinley Garrett. And that's a Garrett and also William Garrett was great and of course Mr. Bryce Gilmore out of Australia. He's not being damaged by the fires, folks. He's okay. Let's move on to the bonds a little bit here. We're having a little bit of a rally here this morning in the bonds and we'll see how it's going to end up here. At least we're getting to the end of the show. Folks, I will have a much better show for you tomorrow. I'll be fully prepared for the end of the week as always and we'll be back to normal, but I actually was not scheduled to come on today but I thought I was going to make it home but boy, we really had a rocky flight. Those of you that are flowing into Tucson, when this wind comes in the desert wind at night, shut the front door and raise a rent. It's really rocky, so let's move on here and see what we've got. I'm going to take a little break here. We'll come back and we'll try to review where we stand this week because we're coming into this is going to be a really great year for volatility, folks. Volatility is going to rock and roll. It's really going to be quite spectacular, so let's keep an eye on that. 877-927-6648 I'm certain you are going to drive to be one of the best of the best at everything you do in life. It's the most common trait that we Tigers and Tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the last 12, 6 and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to. Sign up today If you haven't checked out the newsletters page of TFNN.com what are you waiting for? All of the TFNN newsletters are informative, up-to-date, affordable and must have for every trader looking to gain a competitive informational edge in today's markets. TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk-free for 30 days from all aspects of the markets including stocks, bonds metals, commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com then we'll be translating investors since 1984 Bazil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion Well originally hand drawing charts from the late 1970s into the 1980s Bazil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later Bazil found the computer software which included the standard degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com. Cancel it anytime during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com. 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. We're back folks and what we wanted to do is to chat here a little bit about the action today that we're seeing in the stocks. We've made a new high in the NASDAQ. We have not made it in the Russell nor the S&P as of yet but it's still early in the day so we'll keep a close eye on it. Remember we're near the end of the week now and these are the most positive days for money coming in from the people that invest in their 401Ks. It's the last day of the month in the first two trading days of the new month which that brings us into today and tomorrow. So we'll watch that very, very closely to take a look at it. Okay now regarding the bonds folks we've been under a great deal of pressure in the bonds since September. We should get a good rally in here whether we're going to or not. I don't know the one thing that you want to watch in the bonds is the fact if you see something very unusual happen like someday where they might go either limit down or limit up. If you see something like that that means something really big has happened. They can't hide from you. They can lie to you. They can cheat you. They can do whatever they want but they can't hide from you. So if there's more buying the prices are going to go up. If there's more selling the prices are going to go down. Same thing in the stock market. You know we've got record open interest up well it's not we've had we've had a huge drop in open interest in the S&P folks in the last two weeks. I've reported this you know it used to be 3.2 million open interest now we're trading 2.7. We lost 600,000 people in the December they didn't roll over their stuff to March whoever those people were. And so we'll you know all I'm just reporting here that's all I'm trying to do anyway. So we'll have some my guests next week for sure we're going to have Stan Harley and we'll try to have Richard Mogheon and we'll have some others hopefully it'll be real exciting to talk about and see what's going on. Haven't seen a football game or a political news of any kind for the last two weeks which is great. And I want to thank you folks for joining us for all of last year and hope we'll have a wonderful you know 2020. It's hard to believe I'm saying that you know folks I've outlived my mother by 40 years and my father by 25.