 fnn trade what you see with Larry Pezzavento all now toll-free at 1-877-927-6648 or internationally at 727-873-7618 now Larry Pezzavento okay looking good Billy Ray feeling good Lewis we're gonna talk about the soybeans here folks these are November soybeans these are the ones that are just being planted right now as you can see in those little red boxes down there at 1162 that is where your double ABCD 1.618 expansions occur that's where you want to play the game right now we're about 15 cents higher than that we rallied about 35 cents last night but we gave quite a bit of it back I added to the position we were long corn and then I added to position in the beans in the November beans but the problem was the they rallied 12 cents in our favor and then it looked like it was going to be oh just green lights all day long and I said put your stop at break even boys and girls because these markets can be very treacherous and sure enough in about five minutes after I'd well 15 minutes after I sent that out the market opened the course it opened slightly higher and then immediately drop down quite a bit taking out the stop and continued to go lower which basically tells us that we're not quite there yet and that's why today we've been long corn for quite some time and we decided that the best thing to do because you had made a considerable amount of money in corn is to get out around that 46 let's try to get 516 level in the December corn and that's why you want to be able to try to do that so give me one second and I'll get this corn chart up so you can see you know what we're looking at here and that'll give you a rough idea of what we're watching here folks are those of you that belong to the Fibonacci 24 7 videos that I send out each day please please pay very very close attention to the hogs that we're looking at today they were down they're still down considerable amount they're down about two but a buck and a half to two dollars per pound today and that man they're closing they're not closing really good either which means the bottom is not in and we think the bottom is going to be in tomorrow so we have to redo all of those numbers because we've got a little bit of an expansion down here we want to get as close to the bottoming area as we can so tomorrow is a really really key day in the hog market so when these hogs move folks they move very very quickly and can be quite lucrative but on the same token is this can be filthy look or two because it could go right through your stop and you could be out of the trade in a heartbeat but it's going to be very low risk high probability I would say in a neighborhood of about 70% probability of winning because it's going to be a beautiful Gartley 3 drive to a bottom pattern it is in fact going to be a 1.618 expansion and that is you can't ask for anything better than that the risk on this will be very very small four hundred dollars or less and the profit potential will be seven times that up to 2800 and that's just a 382 retracement of the move down in the hog so it's going to be very very interesting to see what happens here tomorrow in the hogs because it's going to be it set up just absolutely perfectly a gap down today closing near the lows of the day which means the selling is not finished and then tomorrow one more bad piece of news and that should get us to our price objective and that's when you become a hog farmer and that's when you want to start you know playing the game the way it should be played so that's the most important thing to remember here of those of you that that are in the in the stock market I want to go over these things to because it's very important look what happened to the Russell today folks this is a daily chart in the Russell going back about nine months and you'll see here that you had it let's try it again let me five months look at you had the 382 you hit it one two three four times and the fourth time was today hit it exactly there at 1822 we backed off quite a bit from that level but you also had an ABCD formation in there and also now just for home just like a 20 men says defy human nature do the work yourself take a chart of the Dow Jones industrial average okay measure from the high down to the low and see what the rally was today and I think it'd be pleasantly surprised and Johnny's got his little placard up waving it saying 382 yes Johnny you're in fact correct it was spot on at 33 380 and it's dropped about 200 points off of that level and has not well it has it made my rally towards the end of the day because we've got a couple more hours left and anything can happen but that's what's happened so far today so those are the main thing our guess at the break is going to be Mike Moore I had some screw ups here on the early part of it I didn't post those charts as the way they should have been posted so he's going to repost his technical charts to talk to us about the gasoline heating oil and crude oil and also the spreads and how they operate a spread folks is when you you go long one month and short the other because that's like an arbitration they give you a better margin in other words instead of paying $6,000 to put that spread on your you only have to pay maybe just 1200 because that's supposed to protect you but believe me when spreads move and they can't move dramatically that's when you get that's when you get these tremendous moves that was a move that got me back in the game back in 1975 I was long July soybean oil and long December soybean oil and I was long for weeks and weeks and weeks probably five or six weeks and then one Friday afternoon the spread only cost $150 to put on folks so I was controlling $3,000 worth of of soybean oil for $150 that's the total amount and we were at full carry because interest rates were so high and what happened on that Friday the July option that I was long jumped 30 points which was $160 and the December which I was short dropped 30 points which was $160 so my equity increased by $320 from where I was at 150 so I had doubled my money in one day just in that spread it was just on the clothes and I remember this very vividly because on the Reuters machine remember we didn't have these fancy things the Reuters machine say well what a silly aberration it was in the July desoil in the pits today at Chicago border trade that'll be corrected immediately on Monday morning and those profits will be going back to where they were at 150 well come the opening on Monday morning I was all excited this watch them take my $350 away from him and guess what happened they didn't take the $350 away from me it stayed that way all day long until the last hour and you'll never guess what happened up 30 in the July down 30 in the December folks it did that for 18 trading days in a row it didn't make any difference whether the market was going up or down that July December spread was moving to the upside in other words if July went down 40 points December went down 80 points so the spread was working every single day for 18 days and then on the 19th day that was starting into June that's when we took profits and we got pretty lucky but anyway some other things to cover about the market so stay with us 877-927-6648 currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Keg stats tiger forex report Teddy Keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly tiger forex report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30-year T bonds as they both influence forex markets tremendously when 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newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com TFNN educating investors at 1-877-927-6648 internationally at 727-873-7618 okay folks I'm going to give you a little treat against the advice of Mr. 20 men in the defy human nature do the work yourself I posted the chart of the Dow Jones over the last five days and as you can see the high that we made today right over here on the right where you see that little box that was 0.382 at point at 33,380 to the exact tick and now you can see we've dropped 250 handles and that means we probably got an ABCD to the downside now think of what's just happening folks we've had one market which is the Dow Jones excuse me the Nasdaq do something that you know had this tremendous move to the upside let's just look at it again just to show you the the importance of what's happened because we've given it all back all the gains from yesterday have been given back but you see we went up to this level we had a little bit higher the next day by just a little bit and that's right when we were on the air yesterday right near the high I said this market doesn't look like it wants to to go down and so it's probably going to make another new high and so all I did was I posted this into the room yesterday as it was occurring and I know some people look at these patterns and some people don't that's okay I'm happy with that but you'll see as you look at this you'll see the ABCD pattern forming right up here at the top and then they then you can see the butterfly pattern right here making another ABCD so you have a double ABCD you have an ABCD right here you have another ABCD right here the expansion number is here and then you can see I kept this open for a while and then it became late in the evening so I just wait I'd wait and see what happened next in the next morning and you can see the market just kept dropping and dropping and dropping we had not made an ABCD correction in the Nasdaq as of yet we came within 10 points but we didn't actually get there now 10 points might not seem by see much but it is when you're trading these futures because look we missed it right here now tonight what you want to watch is to watch to see if the market can make this a BCD because that'll get you right there an ABCD pattern right there okay and that's where you want to be looking to see whether that's going to be major resistance because if it is it tells you that ball game that they've been playing over there with these different high-price stocks and their earnings and these parabolic moves that we're seeing in the Nvidia and stuff like that that game might be over and we've seen that happen many times here's a picture of Nvidia as of yesterday when we had a high of 319 I don't know what it is today because I don't follow the stock all I know is that it was down a little bit after earnings yesterday but you can see it completed three or four major ABCD patterns and here now remember at this level at 319 on Bloomberg and CNBC yesterday you'll never guess the price that they were looking at for Nvidia 495 dollars a share hmm and certainly enough it might have made that I don't know but right now it's backing off a little bit and we're going to find out if it's going to make 495 in the future but anything below if it gets below 295 that would be a sign that they trapped a whole lot of people in there and that would give you a pretty good idea that maybe something's not right now I'm going to bring something up that's very important for those of you that like money and that is the euro because the euro and the US dollar are in tandem to make a 61 percent retracement we'll start out the show here on the foreign exchange with the euro you'll see just a tiny bit lower here about another 40 pips folks we're going to be knocking on the door of the 61 percent retracement now that in itself is not very very important six well six one eighths are important and you can see we're been down here for four days doing very much but if we take the other side of this because the dollar index is the reciprocal of that so the dollar index will be rallying and as you look at the dollar index you'll see that it is within a heartbeat 30 40 pips away from the exact 61 percent retracement of the last two months there's your high up here see the big abcd pattern here in the US dollar you remember the price gold was at that time right 20 80 and it's not 20 80 more it's 1970 or something like that so if this is going to be the high and this is going to be the place where it turns this could be the thing that makes silver and gold because when that dollar weakens silver and gold gets strong and then look out then we can see it moving to the upside the key level of course in that silver i'm going to bring it to your attention because it's been been pretty good at picking out you know where you're supposed to be and i want to get it so that you'll you'll be able to see it here at 22 94 that's the number of the 382 of the whole move down and it's taken several weeks to get there which is a very positive thing so that number right there 22 92 just a little above the $23 could be the last train from gun hill on the silver market folks and i'm only about 45 miles from tombstone which was the silver capital of the west here in 1865 when tucson was founded at the same time that los angeles was founded and you'll never guess which city was larger folks tucson arizona was much larger than uh los angeles and tombstone this little tiny mining town this 45 minutes from us were the okay corral and white herpes to hang out that was twice the size of los angeles folks they had 40 000 people there they had the old joke is they had 20 000 miners and 20 000 call girls i don't know if that's true or not but that's what it says on the sign when you go into town but it's a beautiful little town and especially if you're there in october when the weather is great that was the time of the okay corral the gunfight at the okay corral that you see in many many different movies of over the years but they recreate that every year so it's a great time to visit arizona is in the fall when the monsoons are gone and the weather is cool and of course tombstone is in the mountains it's uh it's up about 6 000 feet where all the silver mines and the silver mines ended in 1872 and it became basically a ghost town uh and then of course the movie industry came in and revived it a little bit but uh that's neither here nor there we're going to have mike more coming on as our guest here uh at the next part of this to go over the crude oil heating oil gasoline and natural gas and also the s and p 500 and the gold market he's does a good job on all of these and we'll have questions for him so if you have any questions it's 877-927-6648 i will not be here tomorrow have something that i have to do but i will be here thursday and our guests will be robert minor dynamic traders bob used to be a tussonian he lived on the uh east side of town oh excuse me he lived on the west side of town i lived on the east side of town but now he lives over in uh south carolina north carolina i'm going to find out because i know he just remarried and he's living over there somewhere back east so he likes it he will be our guest on thursday and he does a lot of work with elliot wave and he's used to be a gan guy so you got any questions about wiki gan bob miners the man 877-927-6648 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 obrien 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 so you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors are you looking for a way to consistently add winning trades to your portfolio tom obrien is here to help tom obrien has been successfully trading markets for over 30 years a frequent contributor to td ameritrade network and cnbc tom obrien found a tfnn over 20 years ago to help educate investors just like you tom's daily market newsletter market insights is published every morning when the market's open to give you the competitive informational edge you need to succeed these newsletters are packed full of tom's advanced technical analysis in our gear to deliver comprehensive strategies for a successful portfolio get tom obrien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com we're back folks and we have excuse me we have mike more of more analytics a specialist in the crude oil heating oil natural gas uh gasoline futures s&p treasury bonds gold and of course pork bellies oops they've been discontinued how long ago was that 20 years ago bellies stopped i gotta used to love to trade bellies they were fabulous mike what do you got for you you probably never traded bellies before have you uh i have but hasn't been in a while oh yeah well they discontinued them 20 years ago but anyway tell us what you're looking at today you've told us uh last time you were on that they there was a positive bias in the markets especially for gasoline and for crude oil and the negative towards the heating oil and that's certainly all three of them have been spotted on so take out your crystal ball and tell us what you're looking at mike well let me just go back over those for a second because the crude oil is bullish the unleaded gas is bullish but the heating oil is bearish because we broke below this formation so one of two things is going to happen here either the heating oil is going to acquiesce and break back above this formation and in the whole complex should rally hard or the gold and the arba we're going to capitulate and roll over to the downside and then this heating oil is going to take off to the downside so we're just going to have to wait another day or so to see how it plays out we broke below this pulled back up to it pulled back up to it tried try to get above it again today still didn't get that decent penetration and kind of rolled over here so this will show its hand within the next day or so but meanwhile that's that's one of the reasons why this arba to heat spread has been uh such a fantastic play over over the past number of days here did you have any questions on that or you want me to jump to the note let's go through because of the fact that we didn't get your charts up if you could go through the charts again and do the crude oil heating oil and the gasoline and show the relationship that was there then we'll do natural gas then we'll do the s and p in gold you got it okay okay so i'm gonna i'm just gonna kind of redo from the early this is the the crude oil here the break from the break above 65 31 to 31 to decent straight so we've been bullish since then we've seen about eight dollars and 58 cents of that and then we were just we've been consolidating here lately then we broke above this formation which also made us bullish we had a slight bullish structure here then we corrected against it and now we rallied back up so we take out this formation is going to project this higher if we take out the lower formation that's going to project this lower the upper formation is not as well formed as the lower formation if we take that lower formation out that's going to come in at 69 33 as of 330 and that increases 1.3 ticks per hour decent break below there is probably going to project this downward at least two and a half dollars maybe five dollars plus and the unleaded gasoline otherwise called our bob in here i said the trade above 237.29 warned of significant strength for days slash weeks so you go back and look on some of the archives of larry show in the past couple weeks and you'll see that we'd called this down there we've seen 31.64 cents of that so far and even more than that today with another couple cents on top of that and by the way if you ever wanted to know no money we'll get into that right anyway so that's bullish that's been leading the upside and the heating oil in here i said on five five we left a minor bullish reversal below one to bat we saw 16.29 cents of that so far but that is on hold and then i said the break below 238.91 plus 11 ticks per hour currently has us under pressure if we break back above back above there that'll warrant for decent strength actually this is a lower line here if we break back above 237.90 plus seven ticks per hour that was written this morning that's going to come in at 238.45 as of 3.30 p.m and what i was explaining earlier on the show is that a lot of people you know they just focus on crude focus on crude focus on crude which is what's going on with crude if you back up and you look at that at that difference here of the crude making that eight dollars eight dollars and 58 cents whereas the r-bomb has made you know over almost 34 cents let me just show you the financial difference in that again this is the r-bomb this is what's called the r-bomb crack this is a spread between the r-bomb and the heat and the crude oil it's called a crack spread because when the crude oil comes into the refineries it goes through a machine called a cracker that breaks out of it the heating oil or the r-bomb spread that's why it's called a crack spread this has nothing to do with any funny business from the 80s so anyway we've been long years since 20 27 57 if you can see that on the chart down below and you can see the financial difference in there is you know 8200 dollars per contract over a period of two and a half weeks so that's a pretty serious additional amount to be making with all with your risk being relatively the same to start out and also this is the one that led the charge on the upside when a break back broke back above you well let me point out one other thing we'd also talked a couple weeks ago of these continuation charts and if you recall some of you that were watching i had said that we had broken below a major bearish formation here and i said we were looking for 30 cents or sort of the downside we got that 30 cents down and now we've rallied all the way back up if we take this line out decently on the upside which is going to come in at 269 19 tomorrow that's going to warn of a run back up to 289 43 plus and that'll really change the picture of the markets and can really ignite this thing uh to run higher again and the heating oil similarly i had mentioned a break below these two major lines right here would would likely bring in solid pressure we saw a good good portion of that to the tune of almost 17 ran per lot before uh short covering a little bit and that's still bearish if this happened to get back up through these lines then the whole picture of the energy complex would really change at that point do you want me to go back over that front month our bob spread thing or no that i do because i had two two people ask to do that so i if you could do that that'd be be great okay uh so one of the other things i wanted to just point out i mean look if you if you're looking at crude oil anyway to trade knowing what's going on in the complex can just vastly increase your profitability and i'm not talking about increasing your profitability but like 20 i mean you know by magnitudes by multiples hey we got we got to pay a few bills here we get back i want to ask you a question about that because that's what you do for a living and i think that folks ought to know how to get in touch with you if they're interested in using that kind of leverage we'll be right back with mike more of more analytics folks eight seven seven nine two seven six six four eight skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks you need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from larry on market movement you need to act on at any time first-time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors are china a shares hot or not if you trade china a shares now may be time to take a closer look trade chAU or chAD directions daily csi 300 china a share bull and bear etf's china a shares in either direction visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 8664767523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle 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 okay folks are back with mic more more analytics mic i have a question uh several people how does the the folks that want you to trade for them how do they go should they just call you and then you discuss the process of how it works because i know you manage money professionally and with that kind of leverage i've had three people ask you to give me information about how they can contact you about that type of program because when you can get six times of leverage or something that that brings a lot of interest into it so how can they reach you sure they could reach me in my phone number here or they could go on to more more analytics dot com and fill out a form there and then that would put them in touch with bill or lasky from btr futures uh actually he would be the one to really vet out and talk to people before i would talk to them um so he'd be the best one to contact i should actually have his number underneath here but you can if you fill out the form on more analytics dot com i'll send that form directly over to bill and then he'll give you a call and let you know about each one of the programs there's basically three programs running right now okay let's continue please so i'm gonna i'm going to do a quick breakdown for you guys of an example of an important opportunity in the energies outside of just looking at crude directly okay this is called the ar bob front month spread or the unleaded gasoline front month spread so if you're buying this spread that means you would be buying the june contract and selling the july contract against it and what you're doing is you're making money off the differential in that spread as the as the underlying market moves so if you see here for example in the ar bob the average volatility on may 5th was 708 ticks but the average volatility in the spread was only 59 ticks the average volatility in the crude at the same time is 218 ticks now the ticks in the spread in the ar bob are not the same value as the ticks in the crude and the way that you would figure that out simply is you would take whatever these are right 708 you go 708 times 0.42 and that would give you the equivalent amount to the crude so the crude its average volatility was 218 which would be $2,180 a contract that's the average range on the day okay whereas the ar bob would be $2,970 a contract average range on the day however spread right here at 59.2 if i did that times 0.42 that average volatility is only 25 ticks a day so that means $250 average range on the day per lot so for this same amount $250 as opposed to the crude at 218 you could be trading nine of these contracts for the same risk of one contract and crude and there are certain times of the year when this spread moves hard and when it's very low volatility you can have more contracts on because the risk is less but when you have a big parabolic move like this in here you know and it moves up this much in a matter of 10 days that's 36.75 per contract times nine you know that's 33 grand in a matter of just a couple days okay and when it really starts to move you can peel off part of your if you want to you can peel off part of your position and pay for the rest of it and then just trail the rest and the reason why I point these out is this is not a spread you need to be glued to every day trying to understand what it's doing every day there's certain times during the year when this has these parabolic moves and I set up this chart in between commercials for you guys but like you can see here on October 23rd of 2012 October 22nd 2013 October 10th 2014 October 19th right here you can see these big moves like this big moves big moves a big move so there's certain times of the year and I just picked this one one because it's right around October you don't have to get it dead on the right day although what you do want to do is when did these big moves generally happen and if you're that's it that's the time where it's like hey I need to be paying attention to this spread around this time and see if Mike gives me any indication that I should be long because if if this goes parabolic to the upside I want to be on this thing and that can take your whole account to a whole different stratosphere and just a number of days does that make sense yes and these moves too are not hard to ride they're not like a regular move that has these big swings up and down and you're trying to figure out where your stop goes I mean it's just like shoot straight up this one just shooting straight up and you and there's different reasons for these it could be hey it's a friday afternoon and the hurricanes right off the coast of Florida and it's supposed to go up the east side and then you know you're out with the kids on the boat and all of a sudden it blows across Florida and it hits a bunch of refineries down there so it could be as simple as that but you can see clearly that these spreads have these big exasperated moves and then after they have the big moves up they also have these tremendous moves down that you can also catch on the other side so it's some very distinct opportunities that you can get on at the inception with the very low risk with the high volume and once they go you can just really slam a home run so that's just an example of what you can do with the spreads and these additional opportunities in the energies that you should be paying attention to that's great anybody have questions on that that looks pretty good to me as a matter of fact i do have something here that will be interesting to everyone if i can just find it and that is bill's phone number i always have it it's on my speed dial but since i'm not on the phone i'll have to be able to do it another way but i'll get this darn thing out here eventually i'll tell you what it is i'll put it i'll put it on here right now it's 847 and yes it's 1047 on the end but i got it messed up here it is here it is here it is i believe no no no that's what happens when you get lazy and put it into your speed dial you don't have the darn thing up here son of a gun i thought i thought for sure that i did oh well 847 309 1630 all right here's an alternative number there 24 so yeah 234 1989 yeah it's probably the one best to use because this is his private cell he's probably going to scream at me for giving it out but that's okay yeah i was going to put that up Larry got your first bill but anyway uh he can he can blame me honestly though we're all like family here though honestly i mean i've had traders with me that have been with me 15 25 years so you know one of the joys i have in doing this and now i have two goals in doing this analysis for my clients number one to save time and number two to drive additional revenue streams so you might say well mike why isn't number two number one because in my opinion time is the greatest commodity in life and if i'm spending five and a half hours analyzing the markets that's five and a half hours and you don't have to be spending analyzing the markets if i'm getting up at 3 30 in the morning to do this stuff that's not the time you need to get up and amen to that you know some some of my clients are great analysts in and of themselves but they like my analysis because it helps confirm what they're doing add to what they're doing or if it's an opposition to what they're doing cut down their size or not put on any size at all against it if my percentages or a high percentage of winning uh winning trades listen thanks for joining us we're gonna have you on really soon next week for sure so be safe out there and we'll see you again next week okay thank you very much Larry it's been a pleasure thank you everybody for watching Mike more more analytics folks and we'll see you on the flip side when the markets present using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman Wave the Chapman Wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by basil Chapman and your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 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launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and tigeresses for just one dollar for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com catch Tom O'Brien professional trader and educator founder of tfnn also a special guest on cnbc Tom will bisect and dissect the markets the Tom O'Brien show next on tfnn okay folks wrapping it up here i posted that chart one more time of the weekly NASDAQ and as you can see we've reached target levels so last night we got as high as 13,978 we were looking for 13,960 we're down about 178 handles so far today with even a minimum attempt of a 3a2 is not transpired yet we did it in the Dow Jones but none of the other indices so there's some weakness coming across the board here whether it continues over the next day or two remains to be seen and as we said earlier the key levels to watch on the euro and the US dollar index are just a heartbeat away so any explosion through that level or acting like a blockchain of some kind in other words prevent the prices from going higher that'll be the reason so we really need to watch the euro at the 107 and the dollar index at 53 so once excuse me 63 anyway let's keep in mind those numbers are very important the treasury bonds have broken down they're very very oversold down here at 126 but they broke major support there at 126.30 and that told us that these things were probably going to see higher interest rates and you know folks even Jamie Dimond was on the show on CNBC today saying we could easily see seven and maybe even eight percent treasury bonds and boy if we see that folks those treasury bonds are going to be trading down about 95 in order to make that distance up so you gotta gotta be really careful because these have gone from 190 all the way down to 118 stop and think of that for a treasury bond that's when they were trying to tell us that there's a thing called negative interest rates that never did fall for that one folks no that was a no-brainer in my opinion anyway we're going to see you folks on thursday so live every day in an attitude of gratitude and may god bless