 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-445-1044. Now, Larry Pezzavento. Okay, looking good, Billy Ray, feeling good, Lewis. Many, many things happening today, getting ready for this holiday. Coming up, let's take a quick look here. Someone asked a question about the correlation between the 30-year Treasury bond and the S&P 500. I posted it here on the daily chart, going back over the past two and a half years. You know, sometimes it works pretty good, sometimes it doesn't. I look at each chart separately when I do this stuff. So that's basically what I'm looking at. Now, we went up and we've tested that 61% retracement level again in the Treasury bonds at 150-20 levels. And it was interesting that actually notes are lagging behind a little bit. So it's quite interesting here, the fact that we've got these short-term rates yielding more than the long-term rates, which is inverted yield curve, which is very interesting. Folks, several people have asked me about the gold market. We've finally had a $17 move off the bottom. The low was $13.67. We rallied up to our first price objective, which is one-half of the harmonic number, which is $17. So the problem is the platinum, folks. Platinum is the lagging sister here, because it's just barely above $8. We got down to $7.96 last night in platinum. Now Silver's had a nice rally. It's rallied about $0.17. So that's also made its first objective. So if you're in that, make sure you put your stops below these recent lows, because we could be in a very, very massive deflation. And I'm not sure that that's what's going to happen, but that's neither here nor there. We need to pay close attention to that. I want to share with you from my research group out of Kiev, Ukraine. You'll notice here, I just posted into the den the number of days that the Euro over the past... Well, this goes back a very, very long time. This is the last two years, of course, but we've done this for over 20 years, all it has. So it's been a very, very intense research. It basically shows that there's only been several days... Look where you've been down eight days in a row, nine days in a row, or 10 days in a row. That's only happened three times. I'll post the Euro here in just a second here, Mr. Bill, but I wanted to show you these statistics, because this tells you the market is incredibly oversold. Just think of this, over the last several years, and if you do this and go over the past 20 years, it doesn't go past 10. 10 is the largest one that we've ever seen. Now, you'll notice when we look at the chart here on the Euro this morning. You'll get it up here, sorry, but you can see it. You'll see the double bottom down there at that 111, 111.20 area. We're trading at 111.30 or something like that this morning, but we are so oversold that we're most probably getting ready to have a rally. Now, if we did the opposite of this, which we've done and went back and looked at this stuff, actually the data goes all the way back to 2000 that we ran it. So there's been no days more than 10 in the last 19 years where we've had a chance to look at that. Let's take a quick look here. We'll take a look at the gold here for just a second, Maria, because I want to get this Euro and dollar index out of the way because that controls everything. You're right, Marshall. The US dollar looks like a double top. I'm going to let you do this show, and I'll just sit back and listen because that's good. Hold on just a second here, and we'll take a look at this one of these at a time so we can take a look. Let's look at the US dollar first. Now, here's one where it's up 10 days in a row. That's only happened three times in 20 years, folks. So those are numbers that we look at. We're up at that 98 and change again this morning. We still could get to 99, but remember, with this many days up, we are very, very overbought. So let's just remember that and keep in mind that we're very, very close. That British pound that we've been looking at went right down to that level again at 126, 10 level. They are talking about the, you know, Theresa May is in the history books is what they're saying, and it's this type of thing like we had at Brexit that could cause a big surprise, but going below 126, you know, that certainly would be a very negative thing for the British pound on a technical basis. We've looked at this, you know, quite a few times. We've gone right down. They hit the exact, which really funny though, folks, last night that it hit the exact 78% level to the tick and that was at one, well, it missed it by four pips. 126, 10 was a number and the low on the pound was 126,04 last night. So it did make that 78% level pretty much spot on. And so we'll keep an eye on whether that continues to move in that direction. I finally got all of the technical things fixed yesterday. It took me a little while to get it done. And I usually I went to, I went to, I went to the church of Mary sister, Mary perpetual. And I made my confession for being a bad boy yesterday, but we did get everything running. Hopefully it'll keep running today and get it folks. I wanted this. There's just a lot of things that are really going on today, but I'd like you, Maria wants to ask about this gold. Let's get the gold up here so we can take a look at it here. We'll just get it done right now. Hold on one second. Billy Ray, we'll get this thing moving. And here's the gold market. We went down to the 12 this was as a Friday. Of course, we went down and tested 1267 one more time. We've now rallied $17 an ounce up to the 1283 level. That is the first half harmonic in gold. If gold is really bullish, it'll back off to a 38% retracement and continue to go higher. We got a caller on the line who's very fine is Mr. Zee from Philly. What can I do for you, my friend? My Lord, you are, you are on a roll this morning. God bless you. It's as a poet and don't know it. What can I help you with, buddy? I love it. That's fabulous. Good. Well, you got some inspiration last night from somebody. Maybe it was your grandson or something. I got my proverbial fanny ham hammered by about 10 emails from people. That's okay. One or two bad shows every year I got to be expected to do. So what are we going to do? Yes, you do. Yes, you do. I don't want to interrupt your line of thought if you are still telling Maria and your audience about gold. No, we're done. We pretty much covered it. Maria is pretty smart. She could be doing this show anyway, as you know. Yes, she could. I wanted to ask you a follow-up question, please, regarding the Euro. You know me. I like to try to understand as best I can future scenarios, knowing so often when I think one thing is likely to happen, something else dramatically happens, and so I always look to get prepared. In regard to the Euro, I recognize and take in all the observations you've just made about being down 10 or 15 days in a row and getting very oversold. So I'm fully prepared to see a reversal higher. Of course, don't know if that's going to occur. Hey, John, we've got to pay a few bills. Can you come back with us in a few minutes? Sure can. Okay, Mr. Z will be back. 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? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. 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You can still visit us at the same tfnn.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new tfnn.com now and experience all the upgrades. tfnn.com, educating investors. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. We're talking with Mr. Zee out of Philadelphia. John, we're chatting about the Euro and we're almost down those old lows at 1-11-10. We're trading at 1-11-17. What's your question, my friend? Okay, fine. Right, scenarios. Given all your comments, I'm fully prepared and can actually figure out some sort of buy trades I might make with a bottoming and reversal hire scenario. Alternatively, I wanted to ask if you could just assist me with some of your experience on being mentally prepared for a much more immediately, quickly bearish scenario. I'll just make an observation. I'm looking in Tiger TV at your daily Euro chart. I've noticed a pattern of lower lows since February, but on a percentage basis, effectively no movement whatsoever in the Euro. Yeah, you've had 1-2% moves and if you levered each move, you could make some money, but in the scheme of things, 1-2% price change is nothing. I've seen this type of pattern before where we're drifting lower and it's as if you're getting prepared to go over Niagara Falls. And then the pattern gives way from low volatility, slightly lower lows to just an outright dive. And in the case of the Euro, that might bring into focus that 104-103 area. So I'm thinking about that as possible without predicting it and asking, can you just share what you'd be doing, looking for, acting upon just to be prepared for that possibility placed? You bet, John. I'm watching that very, very closely, mainly because of the fact that we're down so many days in a row that we just talked about, you know, being down 10, closing lower 10 days in a row is a very unusual event. But we've had it happen several times here over the past, you know, a couple of years. And that in itself makes it an outlier event. The key number, the old low that we had was 111-10. The number that I'm focusing on, John, is 1.1092. What that number is, that's the 1.618 of the expansion all the way through March. And if you take that and measure it down, I've got it posted in there so you can take a look at it. That little blue triangle ends up at 1-1092. I've got an order setting there at 1-1093 and I have a stop at 1-1073. I'm only going to risk a very, very small amount because if it accelerates, you know, we can easily go down to the second 1.618 level. You can see on the chart there that it comes in at 1-1010. If we do that, that means that the U.S. dollar has broken out to the upside and we're heading to that 99-30 level in the U.S. dollar. That breaks through the 61% retracement in really high fashion so you don't want to stand in front of a falling train. This might be the time where we go 13, 14, 15 days in a row where it closes lower in the air. We don't know that. I'm sure you remember this, John, but the number of days closing up or down in commodity markets has been 22 or 23. That's been over the past 70 years that I've been looking at this. We did it a couple of times in sugar. We did it a couple of times in silver. No other commodities have ever clumped close to running in those 22-day runs that we've had here in silver and sugar over the past 60 years. You've got to be careful just because we're down 10 days in a row doesn't mean we can't go 10, 12, 13. In fact, Tom DeMark has a fabulous system based on 13 days down. That's all I'm saying. The key level for me, John, is 1-1092. That's it. I got an order, 1-1093. If it gets filled, I'll be good. Basically, I'm going to be reversing there. That's what I'm looking at. Larry, thank you so much for that specific answer. I just have to comment. I was about to say something when you concluded, but you jumped a gun on me here. I think I heard you intimates that you're doing, that you're prepared, rather, to do one of those patented Bryce Gilmore stop and reverse trades. Yes? Yeah, I am. I knew it. Well, I've been following it down and it's been doing pretty good. I just have to wait and see what happens. It's just a really small position, but it's got a chance here. It's got all the things that are there. If you looked at the Euro intraday, my goodness, it rallies 60, 70 pips and turns down. It rallies 60, 70 pips and turns down. It's just like looking at a broken clock. It's going to be there no matter what time you look at it. It's really a great way to watch and how to trade the markets is to follow the Euro. That's the easiest thing to trade of all the things that we look at here. It just really is a thing of beauty to watch. That's important. It is indeed. Thanks so much for your assistance and good upcoming holiday weekend to you and your family. Thank you, you too, John. I hope to see you one of these days during the summer. May God bless and we'll see what's going on. Very good. Bye now. Okay, folks, what I'm going to do here is move on to something. I've been doing this for a very long time and I've never gotten any, I'm talking about any inside information, but fortunately there's a dude over in the city of the wind, Las Vegas, Nevada. Mr. TB has got the inside skinny on Deutsche Bank. I want to bring this up here, folks. This gentleman has been various this since Hector was a pup. Remember Deutsche Bank January 2017. Don't ever forget this, folks. Deutsche Bank offers stock at a 35% discount. Do you ever have your grandma say if it sounds like it's too good to be true, chances are it probably is. Now I wonder how many people that bought it in January at almost $21 a share are now setting with a 66.5% loss. It's trading at $7.15 today. That is not a very good thing. But Mr. TB has a handle on this stock. He's been watching it go down the whole way. And if we take a look at, and we've done this before many years ago, because when he sent us some information, we brought this to your attention. But look at the long-term monthly chart here on Deutsche Bank. Going back to 2001, we went from 35 all the way up to 140. If you remember, this had nothing to do with crude oil, but that's when crude oil hit $140 a barrel. And look where we are now. The price objective on this ABCD butterfly that we're looking at here, you can see it marked with the little red square is $2.66. There is no way in Haiti that the German government is going to let their flagship bank go down the tubes like we did with Lehman Brothers. I don't think that. They're just too proud. So I believe at $2.66 is where it's going. So put a buy-in at $2.67 with a stop at $2.61. You only have to risk $0.05. That's a good deal. Anyway, I would watch that because it's going to be interesting if we get to that level. That's another $5 down. And that'll scare some people. 877-9766-48. 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's service Fibonacci 24.7 is something that you must try. 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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, you'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 Chart today by visiting TFNN.com. We're back. We did match the euros low from two weeks ago, well, actually a month ago, at 111.10. Hit the exact one. I still believe we're going to go a little bit lower on that. But I posted the chart for Tesla. Don't trade this stock. Have very little interest in it. Don't trust any car that you can't hear. That's the old adage from my old grandma. So just remember, that's one of the things that she used to like to drive was her 1941 Mercury convertible. Grandma really knew how to live. Anyway, let's take a look here at this Tesla. We've gone below the 78% level. Folks, we've been focusing on these Fang stocks for weeks now. They've been showing how weak they are. They had been the leader all the way up from December the 26th. They stopped being the leader about a month or so ago. Particularly, we're looking at the Google and Apple. Well, Apple's still doing okay, but the others are just not doing very well at all. So that's a bad sign. One of the things that we've been talking about over the past several weeks is the way that the overall breadth of the market doesn't look very good. And if we just took a look at the... Okay, you'll take a look here. You'll see here, this is the Russell 2000 small cap. And you can see the bearishness there. It's showing that the relative strength in the market is really very, very poor, and it's been getting worse and worse, folks. This was as of Monday. Here we are into Thursday, and it's already starting to go down. Now, tomorrow... Yes, you're right, Terry. We talked about Qualcomm. I was going to bring that up because that was one of the stocks that when we got up there, it was making... As I recall, let's pull this up here so we can take a look at it. It was making a big 1.618 expansion. Let's get this up here. Well, shut the front door and raise our rent. It certainly was. Let's just get this up here and take a look at this. Hold on. We'll get the weekly up. And that doesn't show it nearly as well. Let me try the monthly. Maybe that's which one I did. Nope, I must be wrong, but let's get the daily back here so we can see that big iron reversal we've had here. Hold on a second. Ah, there it is. Hold on just a minute. I've got it. It just took a little while to redo. I've got to redraw it because of the fact I haven't updated it for the past... Wow, this thing has really gotten hit big time. So that's what we're watching here. Let's get up here and you'll be able to see it one second. Let me send it out to the chart thing and then we'll be able to see it and then I won't have to get angry and make a fool of myself like I did pretty much yesterday. I believe we're going lower now in the Euro, which is what we've been watching here. Now let's just take a quick look here at the Qualcomm. Hold on just one second here. Oh, you know, I love it when I... Now I've got the beeper in my background is just driving me absolute wacko. So, oh, shut the front door and razor it. Let me turn off this alert, folks. Sorry, I'm going to bear with me a second. I've got to take care of a little business because we are going below that number here. I'm waiting to see it here at 1-11-23. The stock market's weakening again, so we're going to see what happens. Let me get the Qualcomm chart up now. All I got to do is find that little puppy and then we will be ready to go and I found it and here we bring it up right now. Here is the... You know, Ruby, I'm going to try to look at Coco and Sugar for you and I will do that. Not a problem. We will definitely do that. Cocoa and Sugar. Here's Qualcomm. You'll notice this is what we were talking about, that big red box up there. There's a three drive to a top pattern if you took the time to measure it. The key place to look, folks, was back on the three days ago when we closed at 76 because all you were waiting for were to see if the market was going to gap down. It did it the second to the next day and, look, it gaped from 76. It dropped all the way down to 68. Something is wrong at Qualcomm, boys and girls. When it got up there to 90, some people were taking some pretty good potshots at getting long. I still believe... I want to do the Sugar and Coco for Ruby, but I still believe that we're looking at this potential target here right after the holiday, and that is going to be 2736. That's 100 handles from where we are right now. I still think we're going to go down there. Folks, we're already below the 78% level of the low on the 14th and the 61% level of the 13th, so this is not good action in stocks, and they have been extremely bearish. It's only been a few stocks that have been doing this, and the overall market has looked very, very poorly. Now, before I get to the... Before I get... other than Indiana looks like, folks. This was as of yesterday. You can see all the water out there. That's a cornfield, believe it or not, and they can't get the tractors in. You're talking about a little over 1,100 acres down by Vinsins, Indiana, so that's pretty rough, and if you look at the chart that we just received this morning from our good friend, Simonly, we'll get up here and you'll see the progress that has been going on in planting corn. Uh-oh. Don't do this to me. Please don't. I hope that comes up. I hope that corn thing popped up. Let me see if it did. Yes, we're good. Anyway, you'll see the progress in the corn crop is lagging way, way behind where it should be, so this could mean that we're looking at some serious problems in corn, and we've already rallied 40 cents of bushel, but believe me, folks, 40 cents of bushel can dissipate very, very quickly if they do some type of a trade deal or whatever, who knows. All right, let's get on the main program page here for Ruby and pull up the sugar chart. I'm going to do this up to date, hopefully so we'll be able to see what's going on, and sugar is SB. Yeah, we're backing off a little bit today. We've got to hold that 1185 level in October sugar Ruby, because if we don't, then you're going to be looking at something that is going to be quite nasty because it's going to go down and make it, yeah, corn is high, it's an elephant's high on the 4th of July. You have to finish the poem, Marshall. It's a complete poem. I love you, buddy. Again, I said hello and we miss you. Just give me a second here. Come down and see us in Tucson like you always do. Let's take a look at the cocoa see what hot chocolate is doing today. Hot chocolate still looks pretty good to me. I think, you know, we're having a, wow, it's actually had a heck of a run here, which we thought it was going to do. Let's get this up here. You'll be able to see the beautiful garly pattern that we had down here at the 22 level. We're now a couple thousand dollars higher, but we've made a double top up here and that's for sure. We need to get cocoa above that 24 80 level to get it moving, but that's what the cocoa and sugar look like. So whether that's going to help you or not, I don't know. I don't do too much with those anymore, but those are just a few of the things that we're keeping a really close eye on here. Okay, we got the crude oil down at 5908. We've been berry stat for a while. We've now broken, you know, $7 folks were 13 13% lower in crude oil after the berries pattern was put in and you'll you'll be able to see here as we get up here we're heading down, I believe to $55 a barrel in the in the gotta pay a few bills 877 9276648 in the CD market and looking for a secure investment the Tiger first mortgage program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. 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Folks, I posted the chart of the crude oil four hour chart gives you several months that you can see here. The key is that we had a beautiful sell-off up into the 10th. We had a really big sell-off down to the 78% levels, about $3 a barrel. Then we went up and made a new high to complete the perfect ABCD at 6380, I mean to the exact tick. And then of course we've had a big sell-off. That ABCD pattern measures to you can see the D level over there at 5720. That's $1.70 a barrel from where we are right now. It has a pretty good sell-off to getting there. And the reason why I think that is if you notice over the past several days you'll notice these big wide-ranging bars of well over a buck and a half to $2 per barrel. Had another $2 barrel bar again today. That really tells you that there's a lot of selling coming in on this ABCD level. So the 78% level is sitting there at around 5710. The D level is sitting there at around 5730. That's a buck from where we are right now. And of course at any time, you can have a really good rally from that level. But longer term based on this four-hour chart, it certainly looks like the crude oil could be heading down to that level. So let's keep that one in mind for tomorrow. Now today I thought we were going to have Stan Harley today, but I messed up so we're going to have him on tomorrow and we'll do our best to have Stan as our guest. I really did a we're out of that. So very good Maria on your E.S. trade. That's the best two points you could spend today because 12 points is too much to risk when you're trying to catch a falling knife. Good girl. I appreciate that one. So let's talk a little bit about the overall situation in the commodity markets. If you'll remember Dennis Gardman forwarded on this chart. It's very very important, but the problem is it's very long term and you don't know how long this is going to last, but this was done by Legacy Research and as you can see from 1970 we're talking 50 years boys and girls you had the oil crisis in 73-74 you know I think it was up to what $6 or $7 a barrel at that time I don't remember it was something really ridiculous. Then we had the Gulf crisis in 1990 it was at $43 $44 a barrel before dropping down to $11 a barrel in the dot com bubble and then of course we had the thing with about the houses back in 2008 when we hit 140 in the crude oil. That's when Goldman Sachs came out with their special report of going to $200 a barrel in crude oil and yet they were selling hand over fist that we found out a little bit later so it's not always what they're telling you what they're doing is not exactly what they're doing in the market so trade what you see not what you hear alright let's move along because we don't know if this is going to turn or not we're in an area of deflation that could be extremely bearish we'll have to wait and see I have to check something here very quickly because I I want to see what's happening with the the barrel went down and cleaned out all those stops at $110 we got down to $1105 now the key level that I'm looking at is at $110 $192 that's the 1.618 expansion that I talked about with Mr. Z and that's that's what we're paying attention to now we're getting a really big acceleration now in the treasury bonds we mentioned that several times that we could easily you know get up to that level in the bonds it looks maybe that's what we're going to have happen and I want to bring this chart up so we can see it quickly hopefully hopefully hopefully where did I put it well here is the treasury notes you'll be able to see it here with the treasury notes also you'll be able to see it because we could get up there with a flight to quality which I think is going to be looking at it so we'll take a look at this you'll notice we're clearing this level now so that means we're probably and we just hit the 61% retracement again in the bonds folks at that $150 $20 level so anything above that it could be going you're right Marshall it's going to be a double top in here that's one of the reasons why my little beeper went off to tell me that that's where we were and I want to pay close attention to that level because we're accelerating down in stocks and that means there's a flight to quality in it but the stock market is just so bearish folks I know we have these 30 50 and 60 point rallies the S&P but these are just short covering rallies I mean the market overall if you look at that New York Stock Exchange Index my goodness it has it's got a big sign right across the front of the building that says please sell me please sell me please sell me look at the three you got a triple top up there lower tops this is the 135 pattern by the Long Street group of Roy Longstreet and his son Bill that's the three level and the one three and the five and just no bounce at all and remember we talked about the importance of the Asian markets and that Hang Sing index boy if you want to see a bearish chart folks this isn't up to date but just to show you where we are we're trading below 20 7000 now in the in the Hang Sing that's down roughly five or six percent we had that very weak rally three day rally look at that and then a big outside reversal day and now we're down below 27000 which is approaching the 61% level we saw the same thing if you were looking at the emerging markets this is not up to date so you can imagine where it is right now it's gotten hit pretty hard also and below we get below 38 you're looking at an ABCD structure that's going to take you down to the 2016 lows that is not going to be good for China US or anyone that's that means there's problems in river city this way it looks from the cheap seats here at the offices of Duke and Duke okay we have a question about the gold market if this is in fact the bottom that we've been looking for the answer to that folks is I don't know and you know the good part of it is nobody else knows either I will say this if we get above 1310 which is a far piece away from where we are right now that I believe that is in there I'm very surprised that platinum got as low as it did it was only of the three precious metals we look at silver held the lows silver held the lows perfectly as a matter of fact and the platinum was just out of sight I mean it just kept dropping and dropping and dropping and that's been happening with copper as a matter of fact I wanted to bring this to your attention since we're talking about Dr. Copper this is one of the things that Rich Anderson always looks at and we should be pretty close to this 78% retracement level today down at 265 I don't know if Copper got there I posted this as of yesterday so Mr. Z or somebody would check to see if that Copper got down to 265 because if it did that would be a low risk buy because you have a three drive to a bottom pattern in that particular one so double check it I will check it when we pay a few bills here for TFNN and get back it out there you go see what was the low Marshall can you give me the low was 265 the low so we'll see anyway we will be watching for a reversal in the Euro and the US dollar today and tomorrow with just that many days down you have to respect statistics and you just got to respect it so these double tops can really mean a lot so we got to watch that very very closely with the holiday coming and we'll have Stan Harley on tomorrow hopefully and after the total do fall yesterday anyway 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 trade 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&P 500 for the last 12, 6 and 3 months Timer Digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for Mastering Probability today by clicking on the newsletter tab on the home page of 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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 Bazal noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Bazal found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Bazal 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 of Bazal'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 Bazal'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 alright folks we'll talk about the treasury bonds here we just took out the highs of March at 150-22 remember that's a 61% retracement on the daily chart this could be a double top we don't know the answer to that but nobody else does either now if we get above 150-30 that is certainly going to tell us that we're most probably getting ready to move up to that 153 level which is a 68% level on the long term daily chart that is a possibility that's another ABCD going back from late February up into April down into middle of April and then the ABCD ends at 153-15 it's what we're looking at but we did take out those highs whether it's got power to go or not I don't know but remember folks this is the largest well actually not the largest the treasury notes are the largest of all the commodities that we trade but this is the most volatile that's one of the most volatile but if it gets there there's got to be a lot of power to push it through so double tops do happen and we've seen them and when they fail you don't have to risk very much that's the whole key to look at now the euro did make a new low below the 111-10 we went down to 111-05 we rallied 30 pips you know 300 bucks whether that means anything or not I don't know either because I'm looking at 110-92 and maybe that'll happen maybe it won't but we'll look at that tomorrow for sure and remember we got a long weekend coming up and the probability of the market closing higher the day before a holiday is better than 70% those numbers have been going on for a long time and it will be a limited day tomorrow folks because a lot of the folks are heading out to the Hamptons and out to where where they go where the customer shots are there's very few of those out there but there'll be some folks lightening up today and tomorrow so very light volume on the day before Memorial Day but Tuesday coming in it's going to be rocking and rolling and speaking of rocking and rolling we're going to have Mr. Norm who calls it to the minute Winsky on the show on the 28th to give us his uptake of what's going on with the new moon 877-927-6648