 The following is a presentation of T-F-N-N. 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, looking good, Billy Ray feeling good, Louis. We're going to take a look at the German Dax like we always do. You can see here that we've made possibly a double top on this four-hour chart. You'll notice that the market is down very, very slightly today, which is quiet for this type of a day, I guess. There's a very strong probability of a market being down this week. It was work that Larry Williams had done. You might want to check it out yourself. And that is because of the bearishness that the last week in June has for the stock index futures, you might want to look. In other words, go back and look at the last week in June, say over the last 100 years, and see whether, in fact, the market did have a slight bias. Now, folks, let's take a look here at the FTSE. We'll be able to take a quick look at it here. This is a very, very tight trading range here in the FTSE. It's really ideal for a breakout type strategy. It could go either way, of course. And we were flirting with that 78% level. We're still just a tad under it, so not too much is happening there. Oh, I have to tell you something funny that happened, folks. My favorite part, while I love the movie trading places, as you all know, but one of my favorite parts is when he's on the skateboard, pretending that he doesn't have any legs. He's at Rittenhouse Square there in Philadelphia, and the two policemen, you know, they grab him and he says, oh, my gosh, it's a miracle. It's a miracle. I've got legs. I've got legs. I always like that part. Also, when he was up in the ninth floor in cell number three, I thought that was another one. But there's so many good parts. But anyway, I'm on a plane. And I know you young guys, when you go through an airport, you'll always see this one or two hotties that are out there, these high maintenance girls that are absolutely gorgeous, you know, definitely number tens. And there was one at the airport, and she had one of these little white and yellow dresses, summer dresses on. She was wearing one of these little straw hats from, like Michael Jackson wore. So she was definitely there to play the game. Anyway, I'm sitting there in the aisle seat like I always do. And there's a guy on the window seat. She starts coming down the aisle and the guy says to me, he says, boy, it'd be nice to have her sitting next to us. And I said, dude, I said, I'm not that lucky. We come up and she stands right in front of me and she says, sir, she says, this is my seat in the middle there. And I said, well, I'm sorry. I said, I'm handicapped. I said, I have paralyzed legs. I said, you're going to have to curl over me. She's, well, that's kind of awkward. And I said, tell me about it. She looks about 10 or 15, maybe 10 seconds. And she says, well, well, okay, here goes, behave yourself. And I said, wait, wait, oh, it's a miracle. It's a miracle. I've got legs. I've got legs. And I stood up and folks, the people there start laughing so hard. I couldn't believe it. I was just doing it off the cuff. And she started laughing so hard. She says, you know, I get hit on so much. And she said, that's got to be one of the best lines that, that I've ever, that I've ever heard. And I said, honey, I said, that's not even my A game. Anyway, it was, it was rather funny. So she sits down next to me and she says, I've got a question. And I said, what's that? She says, why didn't you, why didn't you let me crawl over? Why did you give up? And I said, why didn't you ask me to move over to the middle seat? Anyway, that's what happened. It was, it was quite, quite amazing. I had to go to Los Angeles, one of our very, very dear friends from the old directional days, one of our customers. He had passed away and his family asked me to come to the services. And it was at the Beverly Hills Country Club. And I, I couldn't resist. So I went over there and went over there. Anyway, I'm still there. I want to be happy heading back this morning, but just a really wonderful time. You know, folks, I, I went to this and there was all, a lot of young people that I knew when they were little tiny babies, it didn't know who me from Adam, but I wore a blue blazer and my usual polo shirt. And everybody there was retired. I was the only one working. And I, and I thought about that for a little bit. And I had two of my old colleagues come up and tell me, how lucky I was to still be working because retirement sucked. I don't know what that means. But anyway, let's just bear with this and go on to the next one here. All right, let's move on to something I want to show you. This is going to be a pop quiz now, guys. So bear with me. We're going to, we're going to travel back to the old days to just a little bit here. I'm going to post something in here and see if you guys have any idea what this is. Now, this goes back 30 years ago. You see this big, big auditorium there? What do you think that's getting ready for? Well, you'll never guess, folks. This was built by Timmy, one of my, one of my students from many, many years ago. This is the trading floor for UBS. This is their training. It doesn't exist anymore, of course, but you'll see here that this was all, all trading. It was, it was in segments, of course, but one of the bigger segments 30 years ago was the beginning of the forex contracts. And that's what it is. That held, that held over 500 traders, folks. And they did work around the world. Yeah, it looked like bingo night. You're right, Maria. But that, that I think it's probably a cannabis factory now is the way that it, the ways that it goes. I wanted to share with you a really great chart that Mr. Z sent to us over the weekend. He sends us out some really great stuff, but this is really cool. And I want to bring it to your attention because it really means something from a technical standpoint. As you can see here, this is the, the last 50 years of the stock market going through Eisenhower, Kennedy Johnson and Nixon. And of course it ends in 1965, 69. But what the important thing is, is look at all of the things that happened here that were, you know, just amazing. Look at the Cuban Missile Crisis back in 1962, the Bay of Pigs, when that thing, and basically what this is telling you is, the market really follows the news and it just does its own thing. It doesn't make any difference. And look, we're seeing that right now. I mean, we've got all kinds of things that are going wrong. Iran, you know, doing this and tariffs doing that. And yet the market keeps charging higher. And that's the same thing that happened here. The key to part about this is, is look at the double top that we had in 1966 and 1968. That double top lasted for just about three and a half years, folks. And the market went all the way down to the lows down there around 450, 500 again. So just keep in mind that it's not always the news that makes these things. Now they'll have gyrations through here, but it only won't be that, it won't be that much. Yeah, thank Mr. Z for that one. That's a, that's a real beauty. I put that one in the file. No one's going to get that one out of my hands anymore because that just really, it shows nice patterns, but it also shows the fact that, you know, we're looking at something that is really, really quite, quite amazing. So, and he always sends us amazing stuff. I want to take a quick look here on the Bitcoin folks because we've had Bitcoin really smoking this morning. Let me get this up here so that you can look at it. We've said this was not a bubble a long time ago. That low that we had down there at around that 3300 level, that was a giant ABCD pattern stretching way back to when it was 19,050 in January when we went live with futures. And now we're trading above 11,300 this morning, folks. The 61% retracement on this comes in at around 13,000. But you'll notice that these markets are starting to accelerate rapidly here. So that's going to be something that is going to be really interesting to see here. Okay. I'll try to take care of that Russ after the show, buddy. But Russ, drop me an email so I can just post it in. I don't, I can't do it during the show. I'm not, I can't multitask anymore, Russ. But right this break, I'll send it out to, if you just drop me an email, Larry Pesseveno at gmail.com. I'll send it out to you without any trouble and we'll take care of that. 877-927-6648. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? 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Sign up today. And greatly enrich your knowledge of these markets and how to make your money work for you. Details on The Tiger's Den are on the front page of TFNN.com. Check out the new TFNN.com now and experience all the upgrades at TFNN.com, educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Okay, folks, I'm going to post a chart here of the Euro over the last six months. This is a four-hour chart which gives you a really good picture of what's happening. We have a very distinct ABCD structure forming and as you can see here up at this 1.14200 that we are going to complete that swing. The 78% level comes in at 114.70. So somewhere in that area, I would expect Euro to have a pretty significant correction. This is the first really major ABCD correction from the bear side that's happened since January. Hold on, folks. Someone is asking me a lot of stuff here. Anyway, let's move on here to try to talk about this Euro. The key part of this Euro that I'd like to look at is the fact that down at that bottom, if you remember that 111.15 area, that was the long-term 618 level and we didn't go below that. We got as low as... I think we didn't break 111.11. I don't believe if we did, it was only... No, we did not. So it's a really strong chart here and we should get this rally because this is started around the end of June. So it's rallied almost a full month as of the end of this week. So keep an eye on this. This will be the tail of the dollar, folks. As the dollar gets up to this level or down to this level, we'll be looking at the Euro, looking at that same thing. If we reverse the process and look at what the US dollar is doing, you'll be able to see the same thing. It's basically a mirror image because the Euro is 53% of that index and you'll notice that down around that 95.10 level, we're going to run into some pretty strong ABCD patterns and also at the 61% retracement. So those are interesting to see. I have... We're still talking about the negative interest rates in this morning. There's two more countries in the European Union that are now going to negative interest rates. They put out another trillion dollars in debt and paper and I know that it looks really interesting but that just... In fact, I can't find anyone that can give me a logical explanation for the thing and don't try the thing about the inflation stuff. That doesn't work with me. So I'll just have to wait and see. Anyway, let's keep in mind that these are some of the things that we're thinking about as we go through these different markets. That's the main thing. The open-interest situation, very interesting. I thought I'd bring this up to your attention because the only time I really follow open-interest is when there's a big move, either a breakout or if there is a move in the new lows or new highs. Those are the times I want to see what's happening with open-interest. We have an interesting pattern in the Dow Jones and the S&P and the NASDAQ because we had dropping open-interest here for the last several days as the market went into new high ground and then in on Friday with the market in new high ground at the S&P when we cleared the 29-69 area then that was also in the high bid. Then the market rolled over and so the open-interest increased on Friday which open-interest increasing with prices going down which they were, they weren't down much, they were down just a little bit but that is not a good sign. You want to see a good sign is to look at the open-interest in the gold. The gold has had this monster move. Let's just bring this to your attention. I'll bring the gold bug index up here so you can see just the power that's in this gold market and of course silver is not going along with it but you're going to trade silver, trade silver, you're going to trade gold, trade gold but you can see here the gold line exploding above that 1365 level. We said that was a pretty significant area and it certainly has been. We hit a high of 1416 on Friday. We sold off about $17 and one half of the harmonic number didn't go any lower than that and we've been chopping around all morning. Silver trading below the 61% retracement which is at 1550, I believe it's around 1532 or something right now so all of that is telling you that silver is a big difference going on and silver as it moved above 1550 the open-interest was dropping so you've got prices going up and open-interest dropping, that's short-covering so there's no new buying coming into the silver market. Now remember the silver market is very, very small compared to the gold. It's about one-sixth of the open-interest and platinum is very, very, very small so that's something that you might want to keep in mind. Anyway folks, many of you folks don't follow open-interest but in stock index futures, the S&P is the big daddy rabbit. It's like three and a half million open-interest. You won't believe what the next one is. It's not the Dow Jones and it's not the Nasdaq. It's the Russell. The Russell is the second biggest. After that it's the Nasdaq and the third biggest of course is the Dow Jones Industrial Average and that's probably the way it should be because the Dow Jones Industrial Average is one of the biggest stocks and they're price weighted. They're not cap weighted so those are just some of the things that you might keep in mind when you're doing that. You can find that data very, very simple. It's available to you after midnight, any Monday through Friday at the CME. You can go to www.CME, Chicago Mercatile Exchange and you'll go into sections as data. You click on open-interest, pick what you like, whether it's agriculture or whatever you want to look at and it'll show you what the open interest is doing in all these different things. Fortunately, the border trade was bought out by the Merck many years ago and so all that stuff is on one site and you don't have to worry about it. So keep in mind that's something that is I think very, very important. Terry, the open interest in oil is... I didn't check the oil from yesterday but you don't get your open-interest figures for the day until midnight of that day. That's when they're posted into the thing and that's why folks, when you're dealing with futures like this, you have to have a buyer and seller. When you're doing foreign exchange trading, about 99% of all the trades that you do when you're dealing with a forex bank are booked by the bank. In other words, they're going to take the other side of the trade and the reason why is they have someone long the euro, they have someone short the euro and they're making money. If you remember in trading places when Ralph Bellamy was explaining to Billy Ray Valentine about what business they were in, he said, now some of our customers are long and he said some of our customers are short but here's the good part. He said, no matter what happens, we make money and Billy Ray said, oh, you guys are a bunch of bookies and that's exactly what they do with foreign exchange trading. They are bookies, they're taking the other side. They have risk control managers on call at all time on those forex bank because they expose themselves to risk at certain times so they're watching it very, very closely and they do have traders that they take the business but they lay it off to somebody else. They'll take a half a pip loss or reduce their profit by half a pip just to do it. That's a key thing to remember when you're looking at some of these this morning. Wow, we're coming up to the first break. By the way, folks, we're going to have Norm Winsky as our guest here on Thursday, 877-927-6648. 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, 6 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's 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's 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 newsletter. 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 Chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, 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 Chart allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. 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 if you have any questions, it's 877-927-6648. I'll try to answer them if I can. We'll look at the next market. It's that silver market. Someone's asked a question about it, and I will show you. It's a beautiful pattern in silver from the very side of it. You'll notice that we've had a really nice ABCD structure come up there at that 1550 level. The high was 1556. We're trading a little lower than that right now. It's acting totally different than the gold market, but it's been doing that all along. So if you're going to trade gold, trade gold, you're going to trade silver, trade silver. You're going to trade platinum, trade platinum. I still believe that we've got a chance to get down below that 800 level in platinum one more time, and that's going to be a real interesting one to look at down there if we get down to that 783 per ounce in the platinum. It's hard to believe you've got platinum at 783 and gold at 1400. Twice the price of platinum. Folks, it used to be just the opposite. Back in 2011, that's the way it was, but that's not the way it is right now. So keep in mind that things change and you just think about what happened to Eastman Kodak. Look what you can do now with pictures with these telephones. I mean, no wonder they don't exist anymore is because the fact that no one uses film. That's a whole industry that disappeared and there's going to be others disappearing too. So that's a main thing to keep in mind. I would like to share one of the charts with you folks that I thought was relatively important. We got this from one of our friends from the den that sends me some really interesting charts from the Elliott Wave Theorist, but if we take a look here at what they were showing here on the berries, they're looking for what they call one conformation. You notice that we made three higher highs up here in that S&P. That could or could not be a triple top, but the most important thing is if you'll look at the weakness in the S&P small cap, which would be similar to the IWM or the Russell 2000, a tremendous amount of resistance here. As we make that 61% retracement here on Friday in the small cap, we made a new high in the S&P. If that means anything or not, we don't know, but that is a type of divergence or non-conformation that should mean something, because it's telling you where money is moving. We've seen this over and over again and one of the reasons why we were so bearish in late October and stuff where the market went into that glow on December 26th was because of the way that the banking index was acting. If you just take a quick look here at this banking index, as you can see here, we'll just put this up here. The blue line is the Dow Jones Industrial Average. As you can see, it is making either possible double or triple top. We don't know if that's the case or not, but look at the divergence and the banking index. This is money, folks. This is how they... I'm not going to say that. This is how they make their money. There's a divergence here. Whether that means anything or not, it could be part of the non-conformation process. We don't know, but we'll have to look at it. That's the key is whether these are going to turn or whether they're going to hold up at these levels. I don't know, but the good part of it is, boys and girls, nobody else does either. That's the key level that we want to look at. Okay, big question. I had three people ask about it. I'll try to cover it to my best of my ability and that is the gold. Let's just get this up here. We're going to do the weekly gold chart here, folks. All right. Let's get this up here. Okay, the bottom that we made back in 2015 in December, that was a big one. Not only that, but it paid us off really big time because at 10.53 per ounce, we were making a perfect three drive to a bottom. The symmetry there between A, B, C, D was just absolutely perfect. This is a weekly chart, too, folks. It was a lot of things moving on here. We had a big move up, a pullback to the 78% level, a nice run up, another pullback to the 78% level and now we're completing potentially the A, B, C, D level. You notice that we've blown out all the highs from 2014, above 1400. But what we need to watch here is if you'll look very closely at this chart, you'll see two dark black lines. One in 2017 and one in 2018 and 19. Those black lines are equal moves. They're $140 per ounce. In the first move, $140 per ounce in the second move. Now, here's where it gets interesting. If you take the low in December of 2016 to the high that we made in August, September 2017 and you do the rate of change. In other words, how did the market get there? In other words, you'll notice that the slope with a line on both of these are correct. That's because the A, B swing is $140 per ounce in each swing and the time between the lows and the highs is nearly equal. It misses it by about six days. Maybe, you know, I don't know where it's going to go, but I do believe that we're going to have some type of resistance up here in the gold should we get to if we break about 14-16 the most logical area for it to stop would be that 1.27 at 14-25. And the reason I bring that to your attention is because we're seeing such a divergence in some of these other metals like platinum and silver. They're not following along. And the open interest in silver is dropping. There are no players coming into the silver market. They really aren't, so they are in the gold market. They've got big time players coming into that gold market. Just look at if the open interest was dropping or laying flat up in here I would flat out be short gold. But with that big open interest like that I have to stand aside and see whether that's going to rectify itself. But we've had really nice increases in the open interest in the gold every day. So those are some of the ones that were playing very close attention. Since we're on their subject of the gold I think we should add this other it's an interesting chart that we get from it's not going to be easy to pull up. Yeah, we can do it. This is from the Elliott Wave theorist also, but what it's doing here is it's showing that the people are very, very bullish. You can see the sentiment index as high as it's been since 2018 as it should be because once we cleared that 1370 level that was really a very bullish sign and we did it with a lot of gusto and then we tried to test it, which it just missed, which is another strong sign and here we are trading around 1410 as we look at this thing here this morning. So that's pretty much what we're looking Oh, by the way, as a human interest story I will be doing a live seminar in London during the second week of September I believe it's going to be 13, 14th and 15. We do that at the London College of Physicians. We'll set up there for our meeting and I think we're going to have about 100 people it looks like. I'm going to be doing it with Tom Hougard and Dr. David Paul who's another really excellent technician one of the very best Tom happens to be one of the purest traders I've met in a very, very long time and so we're going to be doing some of that together so it'll be pretty interesting I know Ruby's posting about the fundamentals going on in the gold but we really have a hard time with the fundamentals because sometimes it's fake fundamentals but the only thing I really count on folks is I look at that bar chart if prices are going up there's more buyers prices are going down, more sellers that's pretty much what we're watching here. We'll take a little break here 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 but the best way for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable The investment is anywhere from 30,000 to 75,000 The interest paid is 7% yearly paid on a monthly basis According to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% A $50,000 investment at a normal $1.1% would give you income of $1,550 per year or $6,200 over the four-year period That same $50,000 investment in the Tiger First mortgage program would give you $3,500 per year or $14,000 over the four years What should you prefer? $6,200 or $14,000 of interest on your investment If you'd like more information about the Tiger First mortgage program you can call me at 877-518-9190 That's 877-518-9190 It's amazing to think Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th, 2002 when gold was trading at under $300 per ounce Gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices, gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI, GDX, The Dollar South African Rand as well as 25 different mining equities with specific buy-sell recommendations As of April 1st of this year the gold report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade New subscribers get a 30-day money-back guarantee so you have nothing to risk For all the details and to start your gold report subscription today visit the front page of TFNN.com Don't let gold's next big run and don't miss your buy Sign up today Will the S&P 500 continue to climb for bold trades on U.S. large-cap stocks in either direction trade SPXL SPUU or SPXS Directions daily S&P 500 bull and bear leveraged ETFs Direction leveraged ETFs Directive, risks, charges, and expenses before investing A funds prospectus and summary prospectus contain this and other information about direction shares To obtain a funds prospectus and summary prospectus call 866-476-7523 or visit Direction Investments.com A funds 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 investors and active investors distributor for side fund services LLC The bull bear binary option hour Next on TFNN Ok folks we're back and Mr. Z is asking whether I see any short-term patterns that suggest a tradable top Well Mr. Z, I will post the S&P for you here and as you can see here we'll put it up here we'll just take a quick look at this you'll see here is the triple top because we were at the same level back here in 2017 but you'll notice excuse my 2000 yeah triple top possibly up here that's what I'm looking at we did make a higher high didn't do much but if you're interested in patterns you know hey folks I don't know if buying gold is a counter to sanctions that's beyond my pay grade to understand that but here you want to see a pattern that's interesting if you like patterns I'll bring this up here and take a quick look at it here is the oh dear just a second here people are asking me things at once and I can't always ask so ok here we go one hour 30 minutes it's still bearish here's the Dow Jones industrial average we have a 1, 2, 3, 4, 5 expanding triangle also known as a reverse point wave also known as a T6 triangle 6 pattern in Garley's book you'll notice that along with that you have a double top you also have a triple top with perfect symmetry folks here we have some words of Jim 20 men who's here with me in California he was at the services last night but if you'll look at the triple top here the high in January the high in September and high where we are now just do some time stuff just to check it out and see if it works so you have all that coming in you also have a 3 drive to a top pattern that 1, 3, 5 is also part of a 3 drive pattern so that's what it's doing might not work but this is what you're looking at here I don't know you have non confirmation of course in the Nasdaq it didn't make new highs at all and you have really massive confirmation on the negative side for the banking index also in the IWM you'll be able to put this up and take a quick look at it here you'll be able to see what you're looking at at this level right here okay now I hope that answers your question but you know that's neither here nor there that's what we're watching there is one other actually there's two others we might as well talk about these today because you are very nice people and we might as well share this with you here is the Dow Jones transportation this is how they move the goods we have here as you can see a head and shoulders pattern you can see the strong resistance that we had at 10,675 we're now trading at 10,350 in change it is a perfect head and shoulders pattern from the high of your left shoulder to your head to your right shoulder that time is equal it's coming in at a 50% retracement of the high and also just a tad above 78% level and then it reversed so unless the the transportation is up about 250-300 today this is a relatively various pattern but it's still early and that could change but these are just patterns folks nothing to do with fundamentals at all I mean Zippo when you post stuff in there about the Russian buying gold that means as much to me as whether it's going to snow in Tucson today I just got the weather report over there and it's going to be about 102 so the chances of it snowing in Tucson today is going to be a little bit tough to happen but these things fail all the time as we've seen and that's what you want to keep an eye on those of you that trade the livestock markets folks there is one trade that looks really interesting and I don't know if it's going to work or not but I will share it with you because I won't be doing it mainly because I got too much on my plate I'm not doing it other things but uh oh oh oh oh we got trouble in River City no we don't we just had the wrong file let's get this chart up here for the Christmas cattle let's just get this up here since you're looking at patterns now cattle there you go wow hey whoa there you go cattle that's exactly right here's the Christmas cattle I don't know where they're trading right now but they should hold that 108 level the reason I mentioned is because we have pretty good divergence here the August cattle the August cattle has gone down and made another drive which makes the three drive pattern in the August but the December is the strongest so you're supposed to buy the strongest sell the weakness but keep an eye on that cattle that could be a really interesting one to see if it's going to make a big turn here or not it's still a little bit early but that's what we're watching well I'm not getting any help from if you have any calls 877-927-6648 I'll be happy to answer any questions regarding the grain markets they still look extremely bullish what we're looking for is we got the Christmas corn trading about 20 cents under its high which we'd like to see a potential move here in the corn possibly to get it down Mitt Marshall's asking about the bonds all I can tell you Marshall is think lower I believe the treasury bonds and treasury notes are going to be going lower I'll do the thank you for that Marshall that'll give me a time to get this filled up here so we can take a look at it here is, Tucker I'll do natural gas too but I like natural gas I bought natural gas Friday and I believe it's got a chance to as long as it can stand above 215 I'll post that chart after I finish with the bonds and notes but we got Marshall in here he's basically a family member you can see the weekly chart on the notes we made that 61% retracement folks this open interest situation and this tells you this market wants to go down there are no buyers up here open interest is dropping very very negative it might not work this time but that's what it's doing I mean that's exactly what's happened there's no players in here in fact the players are coming in on the short side if we take a look at the bondolis here you are looking at this I'd like to be a buyer of crude oil you bet you look at that crude oil man it was from the 61% retracement it's moved $6 a barrel in two weeks that's a very bullish that's a very bullish one look at the bonds here the weekly folks we made a 50% retracement we did not look at the shooting star candle that we had on Friday and this is with open interest increasing that's the only time the bond open interest increased during the past week is on a down day that's new selling folks this is not good from the bond market but you know if they're going to zero they're going to have to turn and go up pretty soon but right now I think we're in a correction that's all I can say shorter term longer term once these guys decide what they're going to do with these interest rates we'll be able to look at yes the Russell should turn red because it's the weakest I mentioned that I put out a red alert to go short these stock indices last night let's just take a look at one other thing that may be of interest to everyone and that is the hold on one second very good Maria I like your train of thought dear I like your train of thought I wanted to bring to your attention one other one and if I can only find it I will bring it up shut down oh I know where it is here is the volatility index this is interesting folks because here you have the market is really strong two days Thursday and Friday and look at the VIX someone was taking protection in there folks that's highly unusual but whether that means anything or not remains to be seen pretty soon we're going to have to pay a few bills for our friends here at TFN and also oh great great people over there when we had the service had several people come up to say they still listen to my show these are people I haven't seen in 35 or 40 years so that really made me feel good anyway we're going to take a break 877-927-6648 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 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 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Wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a 2 week free trial to the opening call Basil'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 2 week free trial to Basil's newsletter the opening call today by visiting TFNN.com back folks I've been asked to oh to do natural gas for our good friend hold on just a second here Terry I can't remember who asked it's about the let's look at this natural oh shut the front door and raise the rent give me a second time this is those wow oh no don't do this to me please oh dear why is it doing there we go I think we're okay now here we go let's get this up here this is natural gas and this is hold on a second and we'll get this up here and take a look at it here you'll be able to see that we're down at this 78% level we have a nice three drive pattern there at 215 it's held it I bought it at 219 my stop is at 214 and that's it so this market is extremely oversold now because we made that 61% retracement up there that was brought to our attention by our good friend Mr. Z who put the hammer on that one but we should get a bounce here this is a pretty good thing it's almost a triple bottom two folks but we'll see it needs to hold 215 in the natural gas otherwise it will most probably be it'll probably be a little bit more difficult to stay long if it doesn't stay above 215 so keep in mind that we have some very interesting things happening this week with the big crop report due the Chinese tariffs due and I think that's all factored into the market no matter what but we'll see one thing at a time as we look at these things the important thing today is to live every day in an attitude of gratitude and may God bless and folks do something nice for someone that has a lot less than you are believe it or you know here California is the land of milk and honey and boy you should see all the homeless people something's not right I mean it's really really really tough so just remind yourself that it's not always you gotta live in somebody else's shoes one time because there but for the grace of God go I that's what my old man used to tell me anyway let's catch you on the flip-flop tomorrow remember we've got the wizard who calls it to the minute winsky coming in on the 27th 777-927-6648