 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Oh toll-free at 1-877-927-6648 or Internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis We're gonna start out today with the Euro because we've been watching this very closely You'll notice the ABCD pattern that we have here went up to the exact number today And it's backed off just a tiny bit maybe 20 pips not doing very much But it shows the fact that this thing has been in the downtrend. It's completed this really nice ABCD The key here is if we can get the Euro above 111 it's going to be off to the races and the US dollar will be under a great deal of pressure It's under some pressure today just because of the The the British pound has been very very strong We had a 200 point move in the British pound and that went up to some pretty interesting spots But anyway, the main thing is keep an eye on this Euro because any move above that 111 would be Very very positive in my opinion if you happen to be short this The risk is now down to about 30 pips So you don't have to risk an arm and a leg from here now I was saving the I think mr. Z is going to call in this morning to talk about the German Dax But I'll bring it up here just to show you what he had sent me and then you can take a Quick look at it and we'll move from that area right here. Okay, click this on and Mr. Z are you on the line? John are you there? Good morning, John. How are you this morning? I'm very good Sorry to call in abruptly at the start, but Please call in any time History tells me you you often start off looking at the German and British stock indices yes, and I wanted to ask you if you think I'm crazy There's no 90 minutes actually two hours ago to that would make 512 sick crazy to be back. Well John two things I can promise you one You're not crazy because you know what you're doing and to that's certainly a possibility You've already marked it out there that you know any any move above that C level of the B level is going to take it Possibly up to that level so on both points I have to agree with you in fact when it gapped up this morning You could certainly see what was happening in the US markets with the Dow up 300 points and the S&P up 30 and the Nasdaq up 100, you know everything is good, you know all the Chinese things have been Solidified and they've written everything down and everything's been finalized So when you see things like that coming into the news, it's pretty hard to be buried But wait, maybe they haven't signed everything. I don't know but it you're you're right on the the DAX It could easily do that without any trouble at all And your TV major well, we had a bear market a cyclical bear market from early 2000 well, yeah January 18 into December of 18 and For a be a Bcd or ABCs higher So I'm just using that that simple patent money, so I'm thinking maybe the things are coming together To those are all the reasons it could do it and it's it's just going higher You know, you're certainly on the right train. So I don't want to derail your train. It looks like it's higher to me how lost Say again, please I lost you on the the What did you ask about the pound very specific on the British pound, of course at bottom September 3rd rallied up to 125 So it rallied from 120 to 125 five points Yesterday a surge began to extend it today So that's not telling Anything new to anybody who's watching my very specific question, please is this as a trader As you know, we we blew over 120 excuse the prior high was 125 80 So we've moved over that this morning Yes, and a Bcd target is up near 128 129 that sort of thing and For what it's worth. I'm long from last week people in the den know that my question to you as a trader Is there any reason you would? Book gains earlier than reaching that one that a Bcd target Yeah, that's the question would you well one of the things I did I disposed of the chart of the British pound over the last to seven or eight trading days We went up and made some expansion numbers there at 127. I posted it in there There are some facts where there's several good numbers there But the key there if you look at the 125 level last night at the 78% level you can see how the market just absolutely exploded out of that area and I have like you we've been waiting for this move in the British pound and we're certainly get it We're up now just about five handles actually six handles from the bottom So we're getting close and this will be the spot where it'll be hard for people to Take profits because they're going to be looking not at 127 or 128. They'll be looking at 150 but We're in the we're in the zone here where You know you've come into some pretty good areas And we're saying the same thing in the Euro the pound the end the Canadian all of them look very much very much The same as all this emotionalism is coming to a head And maybe it's just starting. I don't know Yeah, I I do have to just in closing. Thank you Of course You know, but your listeners may not I've been your student over ten years now and One thing I've come to learn And John we've got to pay for bills. We've got to pay a few bills. Could you stay with us till after the break? Surely please do. Yes, John Sherman, he folks from the Tiger Dent. 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We're talking with mr. Z from the den you had some other comments to make John You want to go ahead some people are long the British pound when you get to 127 128 thinking 150 I just had to chuckle Larry because to my detriment now the type of trader who Salivates to say give me 127 128 on my long British pound so I can book again there and if we blow past you know targets are resistance levels. I'll know how to get back in but Process of learning from you as assisted meet greatly and just eliminating all emotions whatsoever. It's never hope. It's never fear It's just do your work and let the winners take care of themselves while keeping your losers small That's what you try to do my friend Thanks for the kind words John and I'll get that $20 in the mail to you just as soon as I can okay Okay, hey, thanks for calling it same mr. Z stay with us because I'm going to be talking about gold next and I think you'll You'll be interested in what we're looking at here at this pattern that we're seeing in the gold So fact is while you're on just stay with me I'll just show you that you can see here that we've got something that looks pretty interesting now in the gold market Let's just get this up here. So you can take a look at it. I know you like these these guardly patterns and as you can see here We've come down and we've made that ABCD structure down right near the 61% retracement. We're trading around 1490 right now the number came in around 1487. So there's a possibility here We might get a little bit of a rallying goal, but any move below 18 whoa, whoa, whoa there 14 1480 would certainly tell us that we're most probably going to be heading down to the 1440 level in the global right now. It's a beautiful ABCD and It's not a head and shoulders pattern Someone already asked me about this if you'll notice the pattern there the low on the 17th of September Yes, it's actually higher than the low that we're having right now But there's no symmetry in other words from the left shoulder to the head head to the right shoulder There's not any symmetry there. So that's not a real bona fide 100% head and shoulders pattern. So I don't use it. So but it is an ABCD It is a guardly it shouldn't get below 1486 if it's good and that's the way I see it Yeah, I I from a trader's perspective I'm handling it identically to yours as I'm looking at Tiger Tiger TV that low That occurred September 30th Monday Monday night into Tuesday morning October 1st That mark just that beautiful. I mean you just can't you can't Construct a pattern that fits into a textbook better. Really within two or three dollars and a BC AB equal CB target mess That nice day and then once again another ABCD down and You know from a trader's perspective While you've trained me to think like you you salivate for a little opportunities like this because you can buy it here And you'll quickly know whether you've got something or not and like you said, we don't know the future Certainly this could be a case where we head lower get down to 1470 and lower But right here is the spot where we'll soon find out which scenario it is and if it is a low The potential is we start to head back higher and you know, eventually retest that September 4th. I Up near 1565. So thanks for all you do. It's all very obvious what to do Knowing the future course. We don't know but this is great Hey John since we've got you on here We'll just look at one other that I know you have an interest in and that is a soybean market because they're having a Big meeting, of course, and they're going to solve all of our problems But I know one of the things that you like to look at are the ABCD patterns And if you take a look here at the March soybeans, we completed that pattern Well, you can see the little it's three days in a row of three little higher highs. Gee, what do they call that pattern? I keep forgetting anyway, but we're up in some pretty strong resistance here at 960 in the In the March bean so I would sort of pay attention to that. We're up 10 days now without a correction So that's another reason that maybe Even if they do decide to sign all the papers and everything There might be some profit taking up in this area in the March beans But again, you know, I'm just a technician. I don't follow the fundamentals So keep in mind keep an eye on that one because that could be a double top up there, too From the junior high, but let me add to that sir. I've just posted in the Tigers den That same soybean chart, but I've given you five work five years worth of data on the weekly chart And I do see what you're showing on your daily chart and this is where the This is the TFNN when traders who can look at things totally different differently just like all market Participants do you know, there's buyers and their sellers each with their own views in my particular case Larry I'm focusing on the weekly chart and Observe the soybean price bottoms last I guess it was May Completing a three. Yes a three-year bear market 12 20 down to 790 and The rally that has occurred 980 on the spot month, and I just remind myself You're dealing with this got 25 cents of embedded storage costs in it likely or certainly possible if not likely But a 40 to 60 cents higher on this to reach that weekly chart ABCD target That's certainly possible. That's what should keep your focus on that because anything above that 962 level will certainly tell us that that's most probably what's going to happen. Oh, John Thank you for calling in we certainly appreciate all you do it TFNN John is in the den every day posting his charts and his trades that he's actually doing where the stops are and He's doing it in live folks that you can actually see a real trader do what he does and he does a Fabulous job. There's just you should go in and test it if you're looking for some ideas You know John does a really great job, and that's WWW.TFNN check on the Tiger Den and you'll see there's about anywhere between 40 and 70 traders in there every day looking at the markets and they're pretty smart folks We'll take a break here eight seven seven nine two seven six six four eight Larry Pezzavento has just started his brand-new service Fibonacci 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 in Larry's first week alone He sent out 25 charts six videos and a full report to his subscribers in just one week If you're a technical trader that uses patterns and retracements to trade then Larry service Fibonacci 24-7 is something that you must try right now new subscribers can get a full 30-day money back guarantee with nothing to risk sign up Now to Larry Pezzavento's Fibonacci 24-7 by visiting the front page of tfnn.com under trading newsletters The path of least resistance is David White's daily trading newsletter And if you're looking for active trading ideas then now is a perfect time for a 30-day free trial to this powerful daily trading advisory Service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted Don't miss out on this great chance to get a 30-day free trial to David's daily newsletter The path of least resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter He delivers every morning then visit the front page of tfnn and you'll find the path of least resistance under trading newsletters For all the details and to start your 30-day free trial today log on to tfnn.com now Tfnn is excited about our new software charting program the art of timing the trade charts in Collaboration with Tom O'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David White has programmed an outstanding piece of software that will complement any trader's methodology Using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups Including guardleaf ABCs butterflies and much more the art of timing the trade charts is designed to help you when Scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now. We're offering licenses available at only $79 a month we are so confident that you're gonna love this new charting software that will even give you a 30-day Unconditional money-back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com 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 And we've been asked to take a look at a couple of different things the first one We're gonna look at is for ruby and this is going to be Your sugar You'll come up here and you'll see that we had a really nice move up in sugar now We're pulling down into that 61 percent retracement following pretty much What we've been watching here, so we'll see if it's gonna hold up at this level, but it's Certainly completing that pattern that we're watching now We've had a couple other requests here this morning that I would like to to get to and the next one is hold on one second here and it will be the Coffee and if we can just get coffee here, we should be okay Here we are and you'll come up here now We're looking at coffee is a little bit of a different program now One of the things that I did last Friday was is that if we were to break that downtrend line you'll notice that that would have set up an ABCD structure Down to a double bottom at the 78 percent level that was from 99 To 92 and a half and that's what we hit so far now that means we should be There's nowhere 90 excuse me right at 93 as long as we can stay above 92 50 This still has a pretty good chance of making a bottom here At the 78 percent level, but that's neither here nor there But now that's the coffee and that's the sugar the next one We want to look at is the old Christmas corn for our good friend up in Spokane I guess they're getting all kinds of snow up in that area But let's take a quick look at it here. Okay. Let's all we got to do now is to find it there in lies the rub In here is the rub we got the corn this one's been pretty nice to us Let's get this up here so we can take a look at it because it's got some really beautiful patterns here folks All right, this is the largest crop That we have in the country Look at the bottom here back in May This is what you can see that a beautiful butterfly pattern that we had there Then the news came out that then the weather came out and it was raining like heck and looks like you're gonna The corn was going to be planted under water It rallied up a dollar a bushel then it made a one three five pattern just absolutely perfectly Each of the ratios lining up just as perfect as you can get the market then broke down Really really hard then rallied back to a three eight two retracement up there at four twenty six and from there Totally lost it and you see that it had a tremendous move down With an ABCD structure bottoming again with a three drive to a bottom pattern and a very large ABCD And from that level we've been able to rally from three fifty five up to three ninety five We got out of our longs at three ninety two and we suggested that it was going to go to a three eight two retracement at 377 the low yesterday was 378 and without trading at 386 and with the news coming out that all this Chinese stuff That's going to be under the table as far as being completed. It looks like it's a done deal They've told everybody that it's a done deal. So it must be a done deal. They would certainly not tell us something That's not true. I really don't believe that So anyway, those are the ones that we're looking at here. Yeah, Bob I noticed we were watching on the news that Spokane Got snow boy that's and twenty five degrees shut the front door and raise the rent That's a that's a little too cold for this old cowboy. All right Let's take a look at one other market. That's in the in the news tonight And I wanted to I wanted to bring it to your attention here if you hold on just a second I fact we just talked about it with mr. Z and that's that British pounds I really don't think we need to well since I said something I'll get it up here and you'll be able to take a look at it There we go 11 degrees in that Oh Park City, Utah 11 degrees. Wow. It's gonna be a chilly day here It's gonna be about 88 degrees. It's lower lower than what we had yesterday, which was 89 So we've got a bit of a cold spell coming in here to Tucson All right, this is the the British pound and we hit some pretty stiff resistance up here at this 127 area, but whether that stops it or not I don't know the key was last night was that 78 percent level at 125 You know, we had that big move up into it and boy I If if it takes off from there folks, it doesn't have anything just like if we take off above 127 we could be at 128 50 to 129 today Without any without any trouble and most of these things are going by what's happening with a little little trumpy over there Boris a little Trump Johnson. He did a good deal with the Irish Folks over there and it looks like they're going to be able to put this Brexit thing to bed sometime in our lifetime And that depends on how old you are. So we'll watch those as we see we've got a bunch of other stuff happening But you know, who knows if these are you know, I for I'm a I'm a technician folks, you know, I really don't I Have it I have not read a newspaper and I'm in a Well, never mind. I just I'm just a technician. Okay Let's take a look here and a few other things that I that I think are relatively important But that I don't know for sure. Here's what happened last night folks in the crude oil We were we were looking at this just as it was happening You'll notice that the a crude oil made a 61 percent retracement from the high We made back on September 30th. That was a perfect a BCD structure. We've given up a little bit of it We got down to 53 72 so far this morning. So we dropped just about a dollar a barrel Anything above that level above 55 would certainly say that it's a very very positive thing to the upside Yes, the natural gas we've been talking about that Terry. It's just not ready We've been waiting and I believe that we're going to have to get down a little bit lower Let's bring this up here so we can Reiterate what we were looking at so that the folks can See what we're watching here want to get this up Take a look at it. I'm glad you brought this up. Oh, I remind me to do something Yeah, I really think we're going to get down to this 216 level and possibly even down to the 207 That's what I'm looking at. So That you folks when you these patterns fail you got to get out of the way because you know, you don't know where they're going to go You know, this is a that's the problem. You think they're going to go there, but you don't know where they're going to go Nobody knows that except God and she doesn't trade So you've got it. You've got it. It's all about the risk control and you have to take the responsibility for it folks You know, and you know, I give you some ideas and stuff, you know Well a perfect example, you know, we went short to stock index futures On september the 13th at 30 18 Okay, the high was 30 25 and they dropped over 125 handles That well now well, yeah 100 or not more than that they went all the way down to what 28 and change So it dropped a great deal. Now, you know when it gets down to that area We had some really strong support in that area and look what we're doing now. We're coming back Here in abcd format and in the face of this Chinese thing and They're telling everybody that looks like it's a done deal. It's all smiles and gals giggles So, you know, that's the way it looks like sometimes these patterns fail. So you just got us Hey, we've seen it in everything. We've seen it fail in so many things that You shouldn't even be surprised. You don't know which ones are going to work. Nobody knows that You know, we go through those four fears all the time You know the fear of missing out the fear of losing money the fear of being wrong You know the fear of leaving money on the table every one of those fears You go through on every single trade that you do so that's all a bunch of bs If you want if you want fake news those four fears are your fake news Because they're there all the time you cannot get rid of those The only way you're gonna, you know The fear of leaving money on the table is if you get the high tick and nobody gets that 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. 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The summer is over. Gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5 percent Tom o'brien has been writing his weekly gold report for almost 18 years There's no one that knows more about how the gold market trades and how gold mining equities react New subscribers get a 30 day money back guarantee. So you have nothing to lose Every monday morning tom publishes his weekly gold report with coverage of gold, silver, bonds, the xau, hui, gdx, the dollar As well as more than 30 different mining equities as of september 3rd Gold report subscribers have five active open positions with an average Unrealized profit of almost 38 for each position to see for yourself the types of profitable trades that are recommended within the gold report Sign up today by visiting tfnn.com Will the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s Directions daily s&p 500 bull and bear Leveraged ETFs Direction leveraged ETFs an investor should carefully consider a fund's investment objective risks charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares To obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit direction investments dot com A fund's prospectus and 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 The bull bear trading hour with tom and tommy o' brian next Okay folks here. We have a friday. We're coming into a full moon here on sunday So we're going to see how that works out. By the way, I will be doing tom o' brian's show today At three o'clock setting in for the master himself So we'll play uh pay close attention to that As we look at let's take a quick look here since we were discussing about crude oil folks because one of the Things that we looked at in the newsletter, we'll be able to see here that Marshall is asking a question which would has been the best on the average percent of the winder's patterns And fibs or the ai the ai is it totally different than artificial intelligence? It's only for day trading and it has a high probability in the area about seven out of ten But the patterns and the ratios if you can get around 60 a lot of people get a lot higher But if you can get around 60 percent, you're going to do okay because your winners are so much bigger than your losers And that's the whole key focus on how much money you're going to lose not how much money you're going to win So those are just some of the things that you want to To keep an eye on let's take a quick look here now at this crude oil The thing we focused on in the futures section. You'll notice we had that triple bottom there at the 50 Well, it's just right at 51 and change We we rallied up to 50 almost 55 last night And with the news being, you know, those tankers being hit or whatever it was some type of a Scrimmage somewhere and we had a pretty good rally But we sold off a dollar a barrel hit major support down there at that 53 60 level and we'll see whether that's going to Hold up or not, but this is a very important chart because anything below 51 Would certainly tell us that we're looking at something a whole lot more sinister You know on the downside if that's uh, if that's the case The important part about this chart though that I think is really important if you'll look at september the 13th Where you see where it made an 80 percent, which is spot on to a 78.6 percent retracement level That's when those drones hit uh, saudi arabia the market gapped up nine dollars a barrel and gave back What did it give back it gave back from I went from 63 Down to 51 it gave back 12 dollars a barrel and we've been able to rally back three dollars a barrel Three and a half dollars a barrel since that time So there's a lot of the news that hits this market So you've got to be very very careful to see if we can clear 5,500 and 50 Today in the crude oil, then you'd have something that would really look at like it's going to be Something that's going to be you know, really quite so spectacular. So we'll we'll see how these things move out We got the stocks opening sharply higher today got the S&P's up 30 plus the dow Jones is up over 300 The nasdaq up over a hundred everything is moving good. Take a look at that nasdaq folks if you like to use 20 men's words do Defy human nature do the work yourself. There's a beautiful pattern Happening right now in the nasdaq very very very very beautiful pattern So whether that's going to mean anything or not, you know, we'll have to Have to wait and see as we go through looking at some of these things the british pound Is approaching that 127 level remember that there is a big abcd on the weekly at 128 And that'll be one that will be quite interesting to Pay attention to as we look at some of these things this morning But we've had a really strong opening here and you we know the markets Always go straight up after they open sharply higher with the dow being up 300 points And we're going to watch what it does at the end of the day because that's when it'll be the most exciting Back to the notes and the bonds folks should notice that the fiddle reserve is going to buy You know bills and bonds and what are they doing? They're going straight down ever since the fiddle reserve came in there and told us back there on the 6th of october That's what they were going to do. We've now dropped 500 points in the bonds 300 points in the three handles in the the Treasury notes so that market is the treasury notes have definitely had a major top up in this area So they should be watched for some serious movement if we get down to these levels of What we're watching here Today, but remember if we can get those bonds above that 165 level Then you could be looking at negative interest rates and it could be something that we would be watching Maybe for a little bit longer move, but right now that's a major top We're almost at the 61 percent retracement. It comes in at 160 on the despond's if we get there There should be some spot there that would look at like it's going to be very very Important that's that's what I would think so we'll see if in fact that is that going to be the case Someone's asked a question about the emotionalism in the market folks I have no idea what that emotional stuff is all I do is I look at the numbers We had a big day yesterday that dial up, you know 300 s and p up 20 or 250 the s and p up 25 or something I looked at the open interest and there was hardly any change in open interest in any of those things So there are some people that are not participating in this So whether that happens or not, you know remains to be seen, but let's keep a Keep a close eye on it to how it ends up today because these abcd patterns even though they fail They do work part of the time and that's the that's the key thing to be watching Okay, ruby's asking a question at what level will natural gas turn to be bullish Ruby I won't be able to tell you that till two days after it happens that much I can promise you All I know is look at the I'm looking at this december crude oil out here at around the 210 level I don't know where it's trading right now But you know, we watched it several times it had it started like it wanted to and then you know went right back below those levels And once they go below those new levels ruby, you know as well as I do you just can't stand in front of it I mean, it's just no way That you can possibly do it. So it's on the watch list But, you know, we'll be able to see but where is where is december crude trade december natural gas trading at right now? Is it I don't think that's at 250 is it was at november that I was looking at I think maybe it was november at 220 that might have been november at 220 if if if it's trading at 250 2.50 in december they've already discounted some type of a major You know collapse in natural gas remember remember folks when we were in the room here Mr. Z was getting bearish at this stuff at 4.2 And now it's uh, you know to and change so you pay attention to what he tells you because He gave you some really good moves And sometimes they don't work, but you're just like anything else. Nobody's right all the time I mean, you know, you got to kiss a lot of frogs while you're in that swamp in order to find the princess That's what they say in the train All right, we got the a break coming up in a little bit the stock market's up 300 Dees is at 240. Well, I'm I'm looking at decent around 220 marshal. That's what I'm looking at the deas Natural gas somewhere between 230 and 220 when the pattern fits up at that area Then I think we'll take a look at it You know it has some really nice bottoms and then it rallied up and then once it goes below those levels You know soon as you have a nice profit in something folks, you know It's pretty hard to let it go to a loss like, you know If you sold the s&p at 30 18 and september the 18th that we were looking at you don't want that to get above 30 18 so you're in a break even trade if that's it. It's trading a lot 29 77 or something right now. So that's that's the thing that you keep an eye on because it's going to be Very very important at least from watching it the way we watch it and sometimes it's right Sometimes it's wrong, but pay attention to it All right, we got a break coming up. I believe and when we come back we will Get back and answer one more question that someone had about the Bitcoin and I'll do that when we get back from the break What I'm going to do now is I'm going to post the chart For the bitcoin and you'll be able to see what we're talking about and when we get back from the break We'll talk about bitcoin eight seven seven nine two seven six six four eight I'm certain you are or strive 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 s and p 500 for the last 12 Six and three 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 is transform me into one of the best And what I do sign up for mastering probability today by clicking on the newsletter tab on the home page of tfn.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 it 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 educating investors Since 1984 basal Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion While originally hand drawing charts from the late 1970s into the 1980s Basal noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply Later basal found that computer software which included the standard market technical indicators enhanced the degree of accuracy and 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 basal 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 basal's daily trading newsletter by visiting the front page of tfnn.com Cancel at any time during that trial and pay absolutely nothing Get your two week free trial to basal'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 Okay, we're back folks and we're going to take a look here at the Dow Jones industrial average I put up this hourly chart and you can see it's making an abcd up here But remember these abcd sometimes fail So pay close attention to that I wanted to share with you One other chart that one of our listeners sent on to me and that is it's just a I'd say home building company folks in vr And look what it's done compared to the s and p 500 over the past Eight months. I mean, this has just been a roaring market. You know, it's just been Extremely extremely strong. Whereas the s and p has been, you know, more or less You know, well, we're in the sideways motion ever since July but September 13th is when we had the sell-off and now we're rallying back in abcd Format so we'll watch that closely as we go through and watch some of these things But we're having a lot of strength now. We're up what 40 handles now In the s and p and up what 350 in the dow Looks like it's never going to go down and you know, they might be right today This could be one of those that Make it look real interesting. So pay attention to it. Okay, folks We got the gold down now to 1485. There's the key level folks if we get much below 1483 We're going to be looking at a market that's going to go a whole lot lower So watch that 1485 level very very closely there The risk is off in the in the gold market and the risk is on in the stock market. So that's uh, that's what's going on here So we'll keep an eye on these as we go through the time here We'll wait for the news coming out of washington on whether our trade deal is going to be a trade deal Or not be a trade deal. This is the key. My guess is with all the smiles and everything they've been so nice to Uh Get this thing done. We'll see what happens to it. So pay close attention to it folks That's what we're watching here this morning. So, uh, what else do we have to look at? I think that's about it Um, we've got the break coming up. I'll be on at the three o'clock show today three to four for tommy o bryan wrapping the market wrap up And uh, we'll be the last hour of trading which will be fun to watch I'll share some stuff on the ai with the folks there Anyway, that's it folks live every day in an attitude of gratitude and may god bless