 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 folks here. We are coming the screaming market to the upside. We're looking at the NASDAQ here this morning folks This is a daily chart and of course we are way into new high ground You can see we shattered all the records here and now we're starting to keep going higher and higher We have an objective up here. We're within about 70 points of the first small ABCD But we have another larger ABCD that is up here at 7735 and given the bullishness that's going on It's going to be real interesting when we hit this now as you see this larger pattern unfolding right here There's going to be two things to watch the first one will be this butterfly pattern It's going to be coming in right there within about 70 points today in the way the markets acting today I doubt if that's going to stop it especially on a Friday It's going to be hard for anybody who want to be a seller with the market being this strong for heaven's sakes. I wouldn't sell it Well, I probably would but anyway if I did I would probably put a stop in but anyway We've got some real interesting cycles coming up here On Monday the 22nd, which we funded our guests that day will be norm winski of Astro cycles out of excuse me cycles research weight cycles research is bill meridian and astral research is norm winski Anyway, this is what we're what my old company used to be called astro cycles But anyway, this is the number we're looking at. It's only about 70 points away. It might stop it But frankly, you know, it's pretty hard to say that you're going to do that when you look at all these mega stocks In the newsletter last week. I pointed that they hadn't quite made a top yet But this will be an interesting spot. You know, we like ABCD patterns. This is one of them So you're coming in at this level right here Which is let's just share this with the folks here for a second And you'll see that number as 17 Let me get it's 17414. It's about 80 handles 17414. Yeah, it's eight. Yeah, it's 80 handles from where we are right now 7 7 30 and you look at this on a smaller time frame. Let's go to a 60 minute It looks like a rocket ship and as you can see it right here a little bit easier The pullback that we had here on the 17th You'll see that pulled right back to the 50 percent retracement of this move Let's just clean these out for quick purposes here And we'll see here's where we were There was our move here. There was a big sell-off And it was but it stopped right at the 50 percent level within a heartbeat And now we're heading up and that takes us to this number right there Which is 17471 that's 80 handles from where we are right now Now those of you that follow Trade what you see in the programs that we do. I want to just show you a couple things here for a short term training This was yesterday's move. This was the big sell-off that we had yesterday Look at where it stopped folks from your low To your high it stopped exactly at the 382 retracement now. We had a small retracement here Let's just see if that happened today I don't think that it did because it's such a small Pullback, but as you pull it up, you'll see it didn't even come close to the 382 this time So you'd have to count this one also because there's a smaller move right there Okay, and that's going to get you pretty much at that same price up here Which is one seven there it is yep one seven four seven one it Now there's three things right there. This is a very small pullback But if you're looking at pullbacks, this is a pullback. This is a pullback. This is a pullback This is an hourly chart folks So this took five hours for that little pullback in the middle of the day here or middle of the night last right last night And this was you know, right when we were on the show friday Thursday show we had that pullback right here when the dow got down to The s&p got down to 40 47 70 and then it took off to the to the moon and it's still going to the moon This is going to be a real interesting one folks because of this Pattern right here. You see this 1.618 expansion number That's a big number So that's going to be two numbers up here at one seven four seven one and in in retrospect I would say it would have to be a seller up in that area right here Risking about 40 points because this thing is so wild you can't trade it for less than 800 dollars Which is which is 40 points. Let me check here with the tf&m to see if we have Our friend mr. Bill meridian on the line yet. I can't see oh bell. You gotta tell me that he's there bill I'm very sorry take over my friend. Please bill meridian folks cycles research Let me turn off my machine here and we'll be going I they didn't I didn't get the Anyway, you're back on business buddy. Please fire away with what you got okay pal Okay, first of all Can you see my screen? I believe we're I believe we're in good business with the screen. I really do. I think so anyway Hold on a second here. Okay. Yep. I think we're okay No, we're not We're not seeing your screen as if yet bill something something's wrong So if you're trying to we'll try to get that fixed the internet here In austria is very slow the last two three days Okay, well do what we can if not we'll uh, we'll talk A high was expected in in january and things looked good until thursday yesterday And first of all the bullish 15 month cycle it begins the midterm election is dissipating That's gone as of january 1st january 3rd is a natural turning point Paul mcgrain Montgomery used to use that when the earth hits perihelion January 8th was the top of the 1 4 tenure cycle january 11th the bullish seasonality ends from the end of the month in december And it was a top of the dynamic s&p cycle january 16th And on top of that barons had a 2024 market outlook is largely Largely um bullish. Can you see the screen yet? Uh, let me check with tfa and i'm hold on one second and i'll tell you we got it now We're ready to go says you're we're you're live. Okay. Well This was the 2023 Projection of the 1 4 in the 10-year cycle again The 1-year cycle is the annual cycle of the year the 4-year cycle is the election year cycle and the 10-year cycle Is the decennial pattern? and Did show this This declined actually began in late july it began over here not over here And uh, it did bottom right on cue here october 27th, and we did have a strong q4 And that was q4. I blew this up so you could see it. It did catch the low or it did catch the high Or did catch the subsequent november december rally here we move into 2024 Again with the 1-year cycle the annual cycle of the year the 4-year is called the election year cycle and the 10-year is the decennial pattern And the summation is down here. We were at a peak a few days ago So according to this summation, we should have a decline into february And here we have blown it up so you can see Where we are right now right now we are about in here so I'll talk about the short term and i mean i just wanted to get through this and uh here you see the s and p is probably now Above that is it above the 4800 level right now larry. I can't see the mark. Yes it is The futures are certainly are there 4850, but i'm sure the cash is to stay with bill maridian here folks. We'll be right back 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 and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter Mastering probability, and you'll receive access to seven of steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors Are you ready to take your trading to the next level? Introducing tom o'brien's award-winning newsletter market insights your key to successful active trading tom o'brien Renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted Stay ahead of the game with tom's real-time analysis and trade recommendations delivered straight to your inbox Whether your season trader or just starting out market insights provides the edge you need to navigate the markets with confidence Ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results Market insights comes with a 30-day money back guarantee for all new subscribers So you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com Right now to join the thousands of traders who have already experienced the power of tom o'brien's award-winning newsletter market insights firsthand tfnn educating investors tfnn has just launched their new trading room 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 And now they are expanding their reach with the tiger's den available to all tigers and tigeresses for just one dollar for the year There's no cash or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o'brien and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tigeresses as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Toll free at 1-877-927-6648 internationally at 727-873-7618 Okay, folks we're back with bill meridian cycles research bill. Please continue Yeah, so it looks like we've broken out of this little consolidation today Let's go to the weekly s&p and now it's a weekly s&p up at the top the same same graph and the The red line is the this this is weekly. So we're overbought weekly This is the advanced decline line 10 day moving average you get overbought and that is the raw cumulative ad line Now here's how january looks for three from three different perspectives All months of 59.1 percent of the time for an average gain of 84 basis points in election years It's up 71.4 percent of the time for an average change of 2.1 percent Year ending at a 4 up 76.9 percent for a 2.2 percent gain If you have both of the prior conditions, then you're up 67 percent of the time for an average change of 1.1 percent, but that's only six cases So overall it looks good for january setup Also, if the prior quarter was strong these numbers improve again And that is what the s&p looks like And No, that has to be That has to be the doubt that's mislabeled But right now we are at the 19th and so we are right in here so Rest of the month picks up into the month strength which begins on tuesday And there is the 2024 monthly histogram, but it's based on All election all election years which are years ending in four of which there are only sex So it shows a strong january a week february And you can see the rest of the year the second half of the year So from thus well what i've concluded that was that if we have a strong january We're probably going to tank in in february and probably make a low in early march and then start rallying again So that is the dynamic cycle now that is the updated this morning and that is the Latest numbers being taken into a sine wave program And we're one through several tests and this is what it comes up with this is based on the s&p 500 from 1980 So we have the 1 4 10 year cycle of the high we get this at a high And here that now this is this is where it gets very interesting This is a relative strength measure rsv technology is number one communication services number two Financials are number three health cares number four And energy is down there at the bottom in last place Now this is the technology had a two big years It had a down year and it's had one big year last year and this probably the second big big year because Ike just can't Run any screens that are very bearish On technology and i'll say the strength in in the sector is based in semiconductors But not in all semiconductors. I'm an owner of intel and Nvidia And I think intel is actually the strongest stock in that sector So there's been a baton of leadership that's been passed to microsoft in apple a sold Because the relative strength versus the rest of the group was in good and I held everything else Okay, and energy. I just don't own and i'm looking for shorts So this is according to my Number one ranking system the strong stocks in the s&p 500. You can see intel is number one Cardinal health is number two. I think pvh is Van Heusen close ptc used to be called parametric and it was pm tc on the NASDAQ they do cad cam software if you're an engineer Western digital is the last stock I bought it was just coming off of a low base Then they have eaten then parker hannah finne icosco, which I've owned all along So these stocks passed two screens number one is relative strength and number two is seasonality And intel comes in number one. It's been strong all along And now here's here's something new larry. You haven't seen this before the sin index This is um eight stocks equally weighted that are in alcohol tobacco gaming or sex and you'll notice You'll notice it rose 12 versus 23 for the s&p. So it's lagged the s&p on the way up Then on the way down it was minus 20 percent versus minus 10 for the s&p And now it's about even with the s&p since the low in october So I don't know what to make of this to people are I don't think people are getting more chased and religious I think they don't have the money to go gaming or drinking and so forth Okay, so again, that's eight eight stocks two gaming two alcohol two tobacco two sex, which is internet They host the internet dating sites Now here's the Cycles research a woke index. These are seven or eight stocks like um Budweiser Cracker barrel target that are considered to be woke And you'll notice they drop 20 percent in the correction versus 10 percent for the s&p But that's when they were getting all the negative felicity Since october 27th, they're up 27 percent versus 16 percent for the s&p. So the lesson here is The when they got down near the lows this index people began to realize that the fundamentals hadn't changed that the uh stocks had been artificially depressed that disney was still disney whether you like what they produce or not And target was still target Whether you you agree with their policies their earnings power hadn't been damaged at all And so this is a classic case of a rumor or bad publicity Dropping a stock or in this case stocks and they rebounded right away Now i'll get into some specific stocks during During earnings reporting time Stocks are more volatile. I mean, you know that from common sense. You also know that because there have been many phd articles in the financial analyst journal And in terms of cycles when the cycles turn up whether it's a daily cycle that would normally lead to let's say A half a percent gain in a week if they report earnings and the earnings are positive and the cycles pointing up It's not going to be zero point five percent. It's probably going to be two or three So that's where these come from so Starbucks Reports on january 30th I've already won the cycles they point down And if we look for technical confirmation, the green line is the relative strength the top strip is daily It's closing price in black momentum in blue and relative strength in green Then if you go down to the lower left, you see the weekly chart Notice the divergence the lower high in momentum and see we can see that the relative strength is hit a new low weekly Then if we go over to the monthly you see a divergence Not that the monthly is going to play a big part a momentum divergence So this is one stock and i'm looking to short And just before january 30th And well, there is the cycle. I didn't realize I had put it in here, but um You'll note. When does that cycle? When do they report the 30th? When does this thing top right around the 30th? That's the monthly So here's without all of the details Here are my earnings per share surprise trades for the last part of this month Long ibm in meta And short tesla and netflix So, okay, if we shut Starbucks also belongs in there. So there are three shorts and two longs Okay, stay with us bill. We gotta pay a few bills bill for radiant cycles research the inner australia will be right back with us The gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report Tom o'brien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xAU hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee. 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That's tfnn.com and hit watch tiger tv Folks with bill meridian of cycles research bill, please continue Now oops Yeah, so those the stocks i'm long looking for earning surprises are ibm meta tesla netflix Or uh, well tesla net netflix are both shorts as is starbucks Now oil I've been doing well trading oil that's where the indicators have been working the best the ones that i use the cycles and project interning points It's in its strong seasonal period. You can see that right there That january has tended to be flat February a little stronger march a little stronger and april the strongest and then it tapers off and Right at the moment. Let me see what the next slide is so This is the monthly oil cycle So I believe we've got a trade coming up here. I believe it is the Monday through into february I believe this is not a bad pattern. This is uh, it looks like a A triangular pattern. So it is a consolidation pattern. And so I am looking to buy oil probably monday I believe it is a turning point Let's me just check and be sure yeah the 23rd So the buy point would be the 22nd And i'm looking for a rally into the end of the month on oil I don't use it. Well, do you use the futures when you do this? Is that what you use or do you do an etf? that's That's a oh I use the etfs. They are double long and double short the gold price. I think it's sco and uco Okay, and with gold well gold has uh seasonally January is a strong month, but it hasn't been this january And as you can see the cycle is rising and I believe we hit a turning point yesterday So I think for the rest of the month gold is rising Because I had the dollar is strong and it's always hard to judge Theoretically whenever the dollar goes up gold should go down and vice versa. It doesn't always do that But uh, I think the dollar is at a little top or a little correction for the next week So I think gold should rally And let me also say that I think there is so much economic uncertainty. That is what is driving bitcoin and gold because they are Uh, non they're not paper, but they're financial assets And I think people are fleeing the banking system sensing some problems in the in the future And my uh, the panic cycle which I hadn't mentioned Actually spikes up in march and then dropped So my original thought was that the market is going to top in the middle of january come down and then Either in late february or more likely in march it is going to Sell off sharply and then rebound and then probably rally into the spring Okay But this is the what gold looks like and one of the big reasons you look back in in september There was on a monthly basis. There was a Hook a buy signal that went to a new low for the month and closed it a new high And that was when uh, gold was lower than where it is now. I can't really read that uh access I think that's around 1800 or 1900 1830 that is the monthly gold histogram Okay, this You'll notice january and february now. This is based on gold from 1861 That's 158 years with the data So March no matter what day do you look at larry? You probably notice this march is always weak Uh january and february are strong and you'll know that most of the first half is strong But if you go back And look at the prices the gold was stronger was less cyclical way back years ago And there wasn't much competition and people didn't care too much about rates You wanted the gold dollars, you know to keep in your pocket Right next to your six gun back in the old days. So Now real estate I had a bunch of slides, you know, the last time I showed them This is the only one i'm showing right now u.s. New one family houses sold annual meeting annual median year over year price change it's down where it was in the 70s Wait a minute. We explain. That's not what we're seeing here. What do you mean? I don't understand this jar bill. This doesn't look right to me Home prices are up. That's right up here Well, this is us new one family houses sold. This is year over year price change This is the entire us Okay, I got it. That's a change. Yeah, I got it. So, you know the 18 year I've mentioned it numerous times the 18 year real estate cycle is fairly regular so So do lots of other people if you want to understand it. It's the secret life of real estate and banking By philanderson is the book to read And so I'm Comparing this situation and you probably will remember the 70s larry in which rates went well over double digits So I haven't shown bond. I just think rates are going up period And during that period equity markets fell and the economy suffered And once you sold stocks at a loss the cash you got bought less Then it did when you bought the stocks. So you had a loss In nominal dollar terms in a loss in purchasing power. So there was very real wealth destruction Real estate went into a recession You had a weak democratic leader and conflict with Iran. So it looks very much like the 70s and if you If you believe in a let's say we're 20 is it a 50 year cycle would take us back to the 70s Then this would be the equivalent of around 1974 Okay, wow, which was pretty care and also on a social level. There were lots of Oh, right. I remember that Yeah, lines for gasoline. Do you remember that? Yeah Do you remember what 42nd street in new york looked like back then it was mostly illicit massage parlors and theaters And so the situation was one of overall deterioration Yeah, and to show you what kind of an economy we have this is I watched the auction markets There's plenty of money around to buy a rare 1914 babe Ruth card for 7.2 million Which is well off the record, which is 12.6 million for a mickey mantle card Really have we had this on over 12 million dollars 12.6 million. It's the all-time record That was last year And here's bankruptcy filings us chapter 11 bankruptcy filings. Look at the bottom 21 20 22 and they're going straight up so straight up so Inflation you have an out-of-control auction market and you've got people going bankrupt You know the inflation another Old line, you know, New Jersey is the state of the diners and another diner has just gone Under because they can't keep up with the price increases. They can't hike the price of their food anymore. People will stay at home and eat So that's the type of situation we're in and now we have to salute anybody who's correct and doubt 36,000 By glasman and has it I forget how long ago this book was put out A long time ago that I should have about it. It's over 40 years. I can tell you that I remember that book Because the dog was training well, I just was training under a thousand when they brought that thing out Yeah, of course I doubt I don't think anybody will leave this then and uh, they don't remember now We'll take a hell of a cell off to get it now Hey, let's stay with uh bill meridian folks. We'll be right back 97 6 6 4 8 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 Educating investors Are you ready to take your trading to the next level? Introducing tom obryan's award-winning newsletter market insights your key to successful active trading Tom obryan renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted Stay ahead of the game with tom's real-time analysis and trade recommendations delivered straight to your inbox Whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence Ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results Market insights comes with a 30 day money back guarantee for all new subscribers So you have nothing to risk don't miss out on this opportunity to revolutionize your trading game Head over to tfnn.com right now to join the thousands of traders who have already experienced the power of tom obryan's award-winning newsletter market insights firsthand 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 labu or labd Directions daily s and p biotech three times bull and bear etfs Visit direction investments.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 eight six six four seven six seven five two three 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 for speaking with bill meridian cycles research, please continue my friend Well, if you have any questions, that's um Do you know that we say we've been friends almost 50 years, you know that it's been a long time um No, when did we meet nearly 70s? Uh, we met at 78 79 78 or 79. Yeah, that's my first man I think uh, I know you were living in new york at that time. I believe bill week I've got a couple questions here But overall when you're uh, tell the folks how what cycle program to use to find these Different cycles and things that you're using. That's the first question that someone asks I had my own constructed because I wasn't satisfied with what anyone else had so Okay Is it similar to what alfie has done? I mean, uh, that type of work I'll feel avoid Okay, that's that that's the second quite the second question What is your favorite thing to trade if you had to just pick one thing? What would you like to trade that comes from what you talk answers the question? Well, number one is s and p a number two is oil Okay, and the reason the s and p is you'll remember the name arthur merrill. He wrote behavior of Yes, yep And that was one of the first books I read and it told me that the s and p is cyclical and He brought my attention to the the annual cycle of the year and Our late friend richard mogie who was head of the foundation for the study of cycles in the 90s And I said richard It tell me if I've got this right, but it seems like whenever you analyze a new market You should always start with the annual cycle And he said that's right and so I always call it the great modulator and that is what arthur arthur wrote my attention to that And the I've done a lot of optimization work at his end of the month strategy and In the federal reserve days and there are the opex days option expiration And then there are as the end of the month. I mentioned the holidays and I started working with that and Oil is because the well oil is I only have daily prices from 83. I'm it's hard to believe that nobody's got any prices earlier than that I think someone does somewhere But because I was down in The Middle East for 13 years. I'm due to go down there again soon The price of oil is always sticking in my mind and so some of the tools I use are very good for oil and it was um Paul McRae Montgomery that said The problem with the stock market as I think wdgan wrote was that you could get some Cycle occurring and it might be a sector or just certain group of stocks and not the overall indices that move But if you get an indication on gold or oil, there's only one gold. There's only one oil There's only one wheat. There's only one copper that makes it a bit easier And because I had a career in stocks. That's why I'm sort of stuck there But you know, I I look for another market to trade and oil makes very big moves and I was let's see long Short and long three correct trades, which is hard to do an oil And I began to feel like I was getting a little too lucky And I looked at the oil price back when I sold the last position I said it doesn't appear to have much to fall maybe 69 or 70 And so do I want to risk trading it especially since as I already pointed out to you the oil cycle is bottoming this month So it seems to me you should keep your powder dry not try and short it and Trade from the long side from here through April, which is what I am planning to do So I hope that answers the question Okay Now the next question that it becomes to us. Do you remember a couple years ago when oil went negative during that Singapore thing that was going on Just we're good. Yeah, just that that aberration like that. Does that affect your work that you're doing? Or I know you were bearish at that time, but I don't think you think it was going to go negative 26 dollars What would you feeling on that? Well, the answer to the question is it looks awfully funny when I bring the Chart up and you look at you know, it has created those For the average month in any year. There's a huge drop on that day caused by only one day And so you have to keep that the answer is it perturbs the worker though But I've got to keep it in mind that if you see, you know, this huge drop You say well, that was that one day and you sort of you know fill in the blanks, you know, you sort of You know discount it As far as it's important So yes, it's a perturbation, but you just have to Uh, you just have to live with it and just realize that the market is not that bearish at that time of the year Okay, that's great. Well, listen, I want to thank you for joining us today and we'll have you on again soon Stay warm over there spring is coming not too far away Okay, I'll do that Okay, bill. Thank you very much for joining us folks bill meridian cycles reaches Oh one, uh, how the folks reach you if they'd like to take a sample of your newsletter bill What would be the best way? Oh, they can just send me an email at bill at cyclesresearch.com Okay, my friend. Thank you very much for joining us and uh, we'll have you on again soon. Thank you Okay, bye. All right. You bet Okay, let's take a quick look here at some of these things that are going on in the market folks Let me put the charts up so we can see we've reached that first objective already in the NASDAQ that we were talking about 15 minutes ago Hold on just a second. We'll get this up here and be able to take a quick look at it. There we go Now the NASDAQ is almost there right now. This is a daily and we are within a heartbeat of it as you can see We are very very close There's where we are right now There's the and we're almost there. It's just about uh, well What I have to do is get rid of that red thing out of the way and there it is at four seven 409 oh just like the beach boys Yeah, 47 409 so we're 30 points away of that one with this strength like this High probability we're going to get up here 77 30 especially like I mentioned, it's really hard to sell stocks on a on an up week in a market running like that. They those boys on wall street They do not like to go short over the weekend when the market's going straight up So we'll look at it in a different way when we watch this on monday Now one other thing that happened during today We've had a pretty big move. I have to show this because this was to me the most amazing thing that happened We've had a tremendous move in gold this morning folks. He got all the way up to uh, 30 To 20 41 was the high now. I want you to see the silver chart. You're not going to believe this Look at this folks silver Did not take out the 382 of this whole move when gold was up here Up in fact, it was above there. I mean that's that's We talk about an aberration or something that's really uh, this is a sign of weakness folks that to me I I'm totally shocked that we could not get above that level I put it in the video last night and it stayed there It stayed there for one two three four five six hours not going higher than 22 95 to 22 98 and then it broke all the way down to 22 59 That's not a bullish sign. This is a 786, but there's still not a bullish sign So one of the trades that I want to be watching Get this back here to a little say a smaller time frame is to look for a 382 retracement on this because This is bullish in pattern in my oh my gosh, we hit it I didn't even realize we just hit it at 74 shut the front door and raise the rent I'll be dogged on we sure did. Anyway, watch this one folks going to be interesting. 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I just want to highlight the last uh 24 hours in the s and dow Jonesy mini We had that big sell out well small sell off down here at 37 30 Then we had the big run up and you notice it stopped Right at the 3a2 retracement here today You can see the abcd pattern that we have going right here You're looking at this number right here 38053. That's going to be an easy one to hit now folks. Here's what's important from my perspective This is what's happened this week. We have completed this huge abcd pattern right here a We're going to draw it in because this is worth the price of admission In my opinion, there's your abcd leg right here In this morning Early this morning if you remember we had that high come in and that was right at and we brought we dropped 250 dowel points and now we've come back that was setting right at you'll You'll be able to see it there it was but right between the 61 This one was right at the 78 percent level Right there. You'll see they're both coming in. There's your 78 percent level that made this a 135 pattern We dropped 250 points and then we've gone straight up That tells us that there's a very strong probability given where the nasdaq is We could be looking at a dowel jones easily up here at 38 229 folks That's only 250 points. We could be there at the quarter to three You know, this is uh, this is not a market you want to try to sell So it's going to be close, but we're going to be ready when it does happen But right now that's not happening. So let's remind ourselves of that now bill barinian said We want us to be buyer of crude oil. Let's take a look at the boy. Look at these bonds. They just don't have any friends at all My goodness. Okay. Here is the crude oil. Let's get it up here on the hourly chart So we can get something that's tradable and here's where we are We had the abcd you can see now We're pulling back to the 61 percent retracement of this move And you want to see what the 382 of this move is and is setting right there right now, folks That's for We'll be right back folks on monday. So stay tuned for our wednesday to be our guests. May god bless