 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. All now toll free at 1-877-927-6648 or internationally at 727-873-7618. Larry Pezzavento. Okay, looking good Billy Ray, feeling good Lewis from the offices of Duke and Duke, 100 South Broad Street Philadelphia, Pennsylvania right in the heart of the rallies that we're having for the gentleman that lost his life up in Minneapolis. And if you believe that, then I still have two shares of the Brooklyn Bridge available to you. We even had protesters in Tucson on Friday, Saturday nights. They were very, very peaceful and it didn't do anything. In Phoenix, it was a little bit more crazy. In fact, they broke into the beautiful shopping mall fashion square in Scottsdale, which was built by, hold on one second, by Barry Goldwater. And he will see. I know it's just really sad what's going on in the world. Folks, I don't want to get into all with this. I will tell you this is certainly it is you have to stop and think that I don't want to go into that crap. I really don't. They'll get it sorted out. But believe me, this is what you see the news is not what really is happening. Believe me, I can't believe I'm just surprised more people didn't lose their lives. I think they lost three or four people over the weekend, which is sad enough. Hey, let's get to the markets a little bit. I had several emails middle of the night last night asking, you know, what the heck's going on? And what do I do about it? Well, I look at the charts, folks. Honestly, God, I don't believe anything in the news anymore. I haven't for a very long time. And the main reason for that is when I first started learning this stuff with, you know, going back 60 years ago when I was in college, the guy that's really got me started in this was a technician. He really, and he was a PhD in mathematics and finance and everything. So that was asking, when do I sleep? Tucker, I have never slept very much. Even when I was a little boy, my mother said I would play in the crib, you know, and talk to myself, which I still do. But I just never have slept very much last night. I slept quite well. I slept about six hours, but I've never slept very much. And I can get by with it. I really can. But when I'm driving, I always stay in the right lane and I put it on, you know, cruise control. And I take a little nap for 20, 30 minutes while I'm driving. That's always worked out okay for me. But when I was small, I mean, when I started being an altar boy, when I was about nine years old in Interhote, Indiana, I would get up and I would wake up the priest at six o'clock in the morning. What I couldn't understand is why they were staying in the directory where the nuns were. I never could understand that. But that's what I did. Anyway, I was an altar boy for a while. And then when I got into college, I had to work, of course. And I got a job as a scrub nurse and ORT, operating room technician. And I worked 11 to seven shift, 11 at night till seven in the morning. And then I'd do my classes. And then I would sleep a little bit in the afternoon and then I'd go back to work. And I did that for four years. And then I, five years actually. And then when I got out of graduate school, I went to work for Eli Lilly. And then I had two small children and I would get up in the middle of the night and take care of them. I just do it. Now that I'm old, as I reach that eighth furlong pole, my body tells me that sometimes you have to hydrate it. And this is a part of the problem that I have, which is something that I deal with because I'm old. Hey, folks, I was thinking about this last night. I am probably one of the luckiest people in the whole world for a lot of different reasons. I mean, just a lot of them. But one of the things, in fact, I'm still able to work. And this has not worked for me. I actually enjoy it. So that's one of the reasons. If I had to work to do this and didn't enjoy it, then I wouldn't. I only had one job that I really didn't enjoy. And that was my last few years of Eli Lilly because I was doing more trading than I was, you know, work for Lilly. But my work with Lilly was so simple. I mean, all I had to do was, you know, give money away. And so it was really quite easy. But anyway, that's basically it. The question that I had three emails about one particular thing, and then how do I handle the news? And folks, I really don't care about the news. I have been through these so many things. And I've heard so much BS through the years that I just look at the charts. And that's the one thing that they can do. They can lie to you. They can give you misinformation. They can cheat you. They can arrest you. They can put you in jail. But if they're buying, prices are going up. And if you're selling, prices are going down. That's basically what shit. Okay, David's asking, how long did it take to shake it off? David, actually, there was a couple of turning points in my life that were very, very important. And one of them was in June of 1976, I had been long soybean complex for several months. Well, starting in late 95, so it had been about six months. I'd been in that position. I've talked about it before. And the position was working incredibly well. It was every day it was up. I mean, it might be slightly down day, but the next day up, up, up. I mean, it was just, I think it had a stretch there one time that the spread worked 18 days in a row. And as I came into that, the big report that week on a Friday, I knew that, you know, that I had to, you know, I had to be really careful because I had made so much money. And the news was so bullish. I mean, this was the most bullish news they had heard since the 72 grain robbery thing. And beans had hit $10 and the oil was going crazy. Meal was going crazy. I mean, I was wanting a lot of this stuff. And I came in that morning and I start, Bob Shattuck was my broker at that time. He had his own firm. And I basically, basically what we did is we started writing sell tickets and we put our stops at break even because they were called three to four limits up. And I put our stops at break even and then, you know, wrote all the tickets and there were a lot. I think we had 1200 contracts and everything. And this was, you know, this was before you had to have registration and all this stuff. The NFA had just started and CFT just started in 1975. The NFA hadn't even started yet. So the firms basically determined margin and position limits and stuff. And I put all those orders in and I've told this story before that the Squawk box was there and there were about 50 people there in the office. And it's a, well, they're not going to trade today. You know, they're going to be up three to four limits. And then about a half hour later, well, there's a little bit of selling in the back ends. You know, they might not be up the limit. And then about five minutes before the open, it says, well, they're going to be up. But I don't think you're going to be up that much. And if you hadn't written your ticket by then, it was all over because they opened about two cents higher in the nearby months. And about a bing, about a boom, that's it. Zizaski did, I was playing hook, you know, I had quit. I had quit Lily in early 75. I had decided to go into full-time trading and it worked out. Anyway, the market went down for like, went limit down for three days. But that was the move that bankrupt sparks commodities because he was on the other side of it. He was right that the beans were overpriced, but he had over-expeculated. And that was the reason, you know, why I did it. So when I see these news things are out here, in fact, when we're doing the letter this weekend, we mentioned, you know, it doesn't make any difference what these things are. Folks, when you're out there trading today, you're trading against algo traders. You know, some of these, what do you call these guys from MIT, these super brains, they're out there too. So you've got to be, you've got to be realized that they're, they have more information than you. But if they're just looking at the charts, you're tied. You got the same information. That's how you handle it. The quants, you got it, dollar bill. The quants, we'll be right back. 877-927-6648. Heading by Steve Dahl, Taz understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today and you'll find the Taz Profile Scanner under the Services tab. Sign up today. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels. 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Details on the Tiger's Den are on the front page of TFNN.com. TFNN has launched our brand new website. 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. We're back folks and the room is chatting a little bit about Eli Lillian company and the COVID-19. Someone mentioned I heard that COV means certificate of vaccination. I don't know if that's going to happen or not, but I know they want to vaccinate everybody, but we'll see down the road what that's going to mean. But when I worked for Lily, I got transferred back to Lily from California in 1969. It was right at Thanksgiving and I had two little babies and so my wife stayed back, ex-wife stayed back in Los Angeles. Well, I went out to buy a house in Indianapolis and I got there and it was cold and raining. My mom came over from Terre Haute to pick me up at the airport and then the real estate guy met us and we looked around in the second house. I saw it was an absolutely beautiful house. It was an area of homes. Remember, this is 1969. The homes were in the neighborhood of around $75,000. The highest one was maybe $90,000 and we had a house there that was not quite finished and the fellow was in deep trouble financially and the realtor said if you could buy this house, he said this would be a good deal and so the guy wanted $46,000 for it which was way under the market, but he really needed the money and fortunately I was bucked up because of that silver stuff that I had done and so I was with my mom and she says, oh, you can't buy this house. She said, look at all these people here. You know, you're just too expensive. I said, mom, I said I can cover it and so I made an offer. I paid $46,000 for it. The problem was my next-door neighbor. This is a true story. My next-door neighbor was my boss's boss. He was an executive director of Eli Lilly. I had no idea the area that I moved into. I mean, we were just a young family but there were a few other young families in there but these were doctors and stuff. So I didn't overextend. I mean, I thought I knew what I was doing and it turned out okay, but I just did a little too over my pay grade there. Anyway, let's move on to the charts here folks. Remember folks, we were looking at natural gas on Friday. If you remember, we were watching it very, very closely and we had a really nice move in natural gas. It moved about $850 and if you'll see it today, we went down and tested that 175 level. Folks, that level is really important because if we go below that, that's going to break that 135 pattern and who knows, you could be looking at natural gas at 153 again. So if you're in natural gas and you bought it again down here, put your stop at say 173, risk about 300 bucks. That's really all you got to do. So I got to give up. All right. There was a post here in the room. I can't repeat it but you're absolutely correct, Tucker. It's very interesting. Anyway, I'm sorry. Shouldn't have done that, Bubba. Okay, let's take a look at something that's important. We got this from our good friend, Bill Meridian, last month and here's what you want to watch, folks. We're in the timeframe here. You see June and July, it's two of the worst months for being long-gold. So that's one of the reasons we were long-gold coming into this and we saw the possibility of a big gap up and we got the big gap up and what I did was I raised the stops to 1747. I said if we go below 1747, that means we've locked in a $20 profit in gold and we want to see what happens because the news was so darn bullish for gold with the riots and all the other stuff that was going on that it looked like it was going to be pretty good. But things changed, folks, in the middle of the afternoon on Sunday and what happened was early morning when they were talking about the Chinese market and the Hong Kong market, they were called sharply lower and they did not open sharply lower. They opened unchanged, even higher on some, and they went up 3%. And that's what caused those big moves in the stock indices for the United States. Do you know that the Dow Jones had a 700-point swing last night? I mean, 700 points. Are you kidding me? That's a lot of points. So you got to pay attention here. When these algo traders come in, you can't stand in front of them. Look at that. Well, David, thank you, David. David's posting these. Look at this. Hong Kong was up 700 points, 3.3%. The Nikkei was up 184%. Shanghai was up 2.2%. So that's why you can't... They see these numbers just like we do. And so when the market reacts to bearish news, my goodness, you just can't stay away from that. And I've talked about this before. In fact, we should bring this up just for one particular reason here. And that would be this one right here. Let's get it up here. Yep, we're going to be able to see this. I want you to take a look at this, folks. This is a chart of Netflix. What I want you to do is go back to January. Look at the far left of the chart. The far left of the chart. You see the Dow Jones... And this was when the Dow Jones was a lot lower. The Dow Jones was down 600 points that day. And Netflix was up in a down market. That is very, very bullish. And look what happened. The next day it gapped up. And by the big, by the boom, it went a lot higher. So that's what I talk about when I talk about looking at reading the market and getting market information. What's the market really trying to tell you? And that's what you're looking at when you're watching these charts. The charts is just a sum total of all the buys and sells that are out there. You stop and think of it. That's exactly what it is. And that's one of the things that you have going for you is that they can't hide from you. If their buying prices are going up, their selling prices are going down. That's the main thing. So keep in mind that I think that those types of things are relatively important. I haven't checked what the markets are doing so far this morning. David is posting some more quotes by Jesse Livermore. Folks, if you haven't read that book, Reminisances of a Stock Operator, that's one book that I keep right at my desk and also at my bedside. Because I read that thing all the time. There's another book that I keep that is very, very important. It's called The Expert Speak. It's about 450 pages of how the experts speak and how they've been wrong. I mean, they're just incredible. The speaks, the things that are in there. Two of my favorites are, one is from Herb Brooks, who was a coach of the hockey team in 1980. And they asked him when he was getting ready to play the Russians. So how's the game going to go? He says, well, we have two chances of beating the Russians, slim and none. And that was one of my favorites. But my very favorite quote of that book comes from Wendell Wilkie. He was a vice presidential candidate for the 1942 or whatever. I don't know what he was, a vice presidential candidate. And he was in Washington at a breakfast meeting at the White House. And the reporter asked him, what are our chances of going to war with Japan? And he said, we will not go to war with Japan in 30 days, 30 years, or 30 months. He says, it's not going to happen. And they were bombing Pearl Harbor at that time. So just remember, when the experts speak, be careful. And believe me, I'm not an expert. So when I speak, you can listen to me because I'm not an expert on anything. So I look, I'm like Curly in city slickers. I look at one thing. I watch those charts. And if I see a place where I could pick up a buck or two, that's what I'm looking at. But I'm always, you know, look it over my shoulder with that guy with the sickle. They'd be prepare yourself. It'll stay away from the bad situations where you have an opinion and you stand in front of it. You don't want to do that. Lose your opinion instead of your money. Lose your opinion instead of your money. Oh, yes, the dimension's a paradise. But John Michelle, I met him a few years ago before he passed away. 877-976648. And now is a great time to try out his daily trading service, Fibonacci 24-7. Larry publishes videos and charts for subscribers throughout the week when warranted. 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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, folks, I'm back. I posted a article from Howard Marks on uncertainty and risk and stuff. I think you might like to take a look at it. It's pretty good. You can get it online. Just go to Howard Marks uncertainty and you'll be able to pull it up. It's really simple. But he's a really brilliant guy, very conservative, and he's got some really good things about uncertainty. And that's the one thing you got to remember when we're doing these shows every day that I have no idea what's going to happen next. And frankly, I don't really care. I worked here for three years every day with Mark and that was Saturdays and Sundays too with Mark Douglas. I lived here in Tucson and frankly, I learned more about the psychologists stuff during those three years and any of the years I did because Mark was one of those folks that really did look at the news. He basically only traded treasury bonds, but he would watch the reports and stuff to see how the market reacted to it. But the news and other stuff really meant nothing to him. Just what the charts were really doing. And after I saw all these interviews and stuff and talked to these other guys that were doing trading and stuff, it was pretty much the same thing. If they react to how what's happening out there, not what they're trying to tell you in the news. In fact, it's better that you actually don't even watch the news, just look at something else. So we had a question about Bitcoin. I posted a chart for it and you can see here that we've been in this really tight consolidation up here now for almost three weeks. That's a high level consolidation folks and that is flat out not bearish. We just saw that happen in the silver market and I think it's happening again in the market for the, what do you call it, for the Bitcoin and whether it is going to be the same or not. I'm not sure, but if you'll take a look here, the one in silver, the high level consolidation that we're going to talk about here. We were up quite a bit earlier in silver too. You'll notice that this level, we were there for seven days folks above the 78% level between $18 and $1740 an ounce. And then we popped sharply above that and you can tell that this market really wanted to go higher because of the way that it was acting and that's why we were happened to be long to go but the goal doesn't keep going straight up with news like this that is telling us that there are people that are willing to come up here and sell it during that time and that's why you raise your stop to say, okay, I'll take my profits and then wait back to see if it's going to hold. Can someone tell me where we're trading in this spot, natural gas? I put a little teaser out there at 176 and I just wonder if we're going to stay above 173 because that's interesting to me. It's a very interesting 135 pattern and I think that's something we ought to keep in mind as we look at these patterns. These patterns are predictable within limits and that's really remember within limits is the key thing and they repeat over and over again. Oh, good. So it's holding there, holding there at that level. That's pretty good. Thank you, Marshall, appreciate it very much. I hope you and Lynn are safe up there. We had the first negative thing of all this stuff happened yesterday, folks. As you know, we have Sarah has three grandsons in Philadelphia and Kelvin is the charge of Parkinson's research at the University of Pennsylvania Medical Facility where he has about 150 employees that worked for him and they drove by a riot situation yesterday within two blocks of where they were going. They were about 20 blocks away from where they lived but my little nine-year-old grandson is very, very perceptive and he could hear the tone of voice whispering between his mom and his grandmother out here in Tucson and he wanted to know what's going on, what's wrong. Tell me, tell me what's going on. Are we in trouble? Are we safe? Here he is, just turned nine years old and he's very aware of that. So when it starts affecting the children and stuff, this is really good. This will be taken care of very quickly, folks. I really believe that this will be done very, very quickly because let's forget, let's go on to the next chart. If you have any questions, 877-927-6648. Now hopefully our guests this week are going to be Bill Chapman from Trend Reaction and we're also going to have Arch Crawford from Crawford Perspectives should be on and also we're going to have Tim Boss. Those are the ones that we should have later in the week. We're setting those up for some things and if we can, we're going to get in Stan Harley here for a little bit because we're having some really big, really big things going on. So remember, trade what you see, not what you think because opinions are like armpits. Everybody has one and it usually smells, so be careful. All right, let's move on to one of the other charts that we want to pay attention to this morning. Let's give me one second. And that I think is where the real action is happening, folks. Let me get up here to the US dollar because we are down an area that is very, very important. You'll notice here, we have that 61% retracement trading at 98 to 31 on Friday. We made a slightly lower load than we did on Friday, folks. And now we're back above that 61% retracement in the dollar index. So this is where the dollar learns to dance right here because if we close badly today, that means if the euro gets above that 117 level, then that will tell you that something's not right and this dollar is going to weaken more and that'll be what's going on. I don't know whether that's the case or not but we're going to keep a very, very close eye on it. That's the main thing. Just don't get involved with these riots, folks, because they are like, they are definitely... When you get into a situation like that and believe me, they have... Well, boy. Shut the front door and raise the rent and stick to what you know. All right, let's move on to another one that I think is going to be a good sale. Hold on one second here. I want to get the crude oil up because I believe we're in an area where we need to pay very, very close attention to get short the crude oil. Let me get it up here so we can see it. I haven't put out a sell signal yet. Stop with the news. You got a dollar bill. It's really hard when it lands on the family. That's not very good. Okay, you'll see here that we're really close to the 50% retracement is where we had that gap from way down in March. Folks, that level comes in at around $37 a barrel. We're trading around $35, $20 or something. So watch it if it gets up there and then turns down that would be a really good spot to take a look at the crude oil. It's hard to believe that we've rallied from a minus $37 to a plus $35. Gasoline hardly even came down here in Tucson. Our lowest price was $1.81 and we're up to $1.93 now. So it looks like the crisis is over when you look at the price of crude oil. So we'll look at that one thing at a time. We will be looking at higher meat prices down the road, folks. I don't think there's any question of that. You'll notice here, I wanted to get a chart up here on the little piggies here because we've got an interesting shot here. This happens to be June and this is the first of June. I want to be looking at August hogs. I've switched this over to August hogs for the next month, but that's something that we want to keep a close watch because prices are going to go higher and all you have to do to see that is if you take a look at what's happening with August hogs, you'll see that you're probably getting ready to have a little pullback here and then we're going to be going higher. And the main reason for that is, is the farmers are just through ranchers and stuff. A, they're not making any money and B, even though grain prices are low, they can't expand their currents. 877-927-6648. The gold market has taken off topside in a large way in 2020. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report took profits in four of its equities in the Gold Portfolio in the first week of January for a combined profit of 99.2%, with two positions left in the portfolio that have a profit of 67.5% as of January 7th. 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Experience all the upgrades. TFNN.com, educating investors. The Bull Bear Trading Hour with Tom and Tommy O'Brien. Next. Okay, folks, I'm going to switch gears here for just a second and bring to your attention something that Rich Anderson brought to my attention. This is the chart here of November soybeans. This is new crop soybeans coming in here. You'll notice that we're been in a really tight trading range from $650, we'll say $860 a bushel all the way down to $840 a bushel. We're almost at the 78% level now at $844. So it's very important. But what Rich pointed out to me, and I don't really follow these things, that there is an ETF for the soybeans. And I really, it follows tick for tick. But let's just as a long-term chart, you'll be able to see it. The symbol on it is SOYB. SOYB. Okay, but anyway, look, you'll see this tight consolidation in that area. So if you're interested in longer-term positioning in soybeans and you want to keep your buck small, take a look at this because it's certainly tradable and has pretty good open interest from what Rich has told me. So keep an eye on that. The symbol for that soybeans is SOYB and it trades just exactly like, well, within very, very close stuff of exactly like the soybean contract itself. So that's the main thing of what we're watching there. And I haven't bought any beans yet, but I've certainly got them on my watch list. We had a nice move in soybean oil last month for about a point and a half, but things are very, very quiet in there right now. But they're not going to be quiet very long because I have been doing this for a long time. I've never been through a season where we didn't have at least one crop report or crop failure risk or something like that. The news says it's very, very hot and the things will be going crazy. So we'll see. But December corn is starting to act okay. And the fact is, Marshall, the fact that you're talking about December corn, it's acting really good in the face of dropping ethanol prices and 30% of that crop now goes to ethanol. And that's why I have a strong interest in doing ethanol, but I'm certainly watching natural gas because it trades very, very nicely and it certainly is, we'll be able to see. Yes, it is. There's very low volume on that SOYB. But if you're trading with short bucks, Tucker, that's a really good thing because the margin of beans is around $2,500. And of course, you can buy that stuff for a whole lot less. I bring that to your attention and it's interesting that if you did want to do that. They have some other COW as the one for cattle, but I don't do ETFs. I don't trust these things. Warren Buffett calls them the weapons of mass destruction and I don't know about that, but all I know is that I just don't like trading them. I do once in a while, I'll do a TLT or TBT or something like that, but let's talk about the bonds here a little bit folks because I did get a really good explanation of negative interest rates and I wanted to bring this to your attention here just to show you where we are with some of these things. Let's get this up here so we can see it. You'll notice here where we are in the Treasury. This is the Treasury note contract. Folks, I want to show you what a high level consolidation is. I mean, this is since April, March 23 when that was the big bottom of the stock market was around the 20th to 21st since the 23rd of March, we have been in the trading range between 139 in change and 138 in change. Go back and try to find a period where that happens. Now, whatever area we come out of here, it's going to probably very, very expensive amount. You notice I mentioned here that about above 150 lies negative interest rates and I don't understand how that could possibly happen but I talked to someone extremely smart over the weekend and he explained to me that negative interest rates is someone that's making a bet that it's against just total collapse is what that's looking at, is negative interest rates and that doesn't make any sense to me either because if you're going to have total collapse, hell, the government's not going to pay either but I just don't understand why anybody would pay anything to pay, you have to pay them to hold your money and not only that but they're not giving you any guarantees. If you're going to a hedge fund, you're sure you got a risk involved but they're not paying you to do that, you're supposed to gain something on that, I don't know. Hey, we got a caller from New Jersey, Jeff, are you there? Hi Larry, yes, I'm here, how are you? I'm very good, what can I do for you my friend? I just wanted to see if you could expand a little bit on your choice of December trading December corn rather than July when July has a higher open interest. Okay, the reason for that is Jeff, December corn is new crop corn, that's the corn the farmers have just planted and when they plant that corn the first thing they do is they go to the bank and hedge against it so that they get their 30 cents a bushel whatever it happens to be but as the crop is planted we have a lot of weather things that happen during June, July, August and also even September so you've got that four month period there or something can go really crazy. With July corn this is the corn that's already in the bin that's why the open interest is so high they're still trying to get rid of that corn and sell it before the new corn comes in and they have to get rid of it so my feeling is if there's going to be anything really dramatic happen it will happen in December now that's just me picking I have an opinion on that so if you have another opinion that's okay too but I'm just looking at December corn because of the fact that I like to have the possibility of something really dramatic happening it would have to be weather related and that's why I'm looking at the December corn it'll affect the July corn also but see remember the July corn they've got a lot of corn to sell they haven't sold from last year's crop and now supposedly the Chinese are not going to be buying very much they can buy it from South America at a big 10 to 12% discount just because of the currency between the Brazilian Real and so what you're looking at is something that you don't have any control over on the nearby but on that December corn because there's four months of uncertainty that's what I'm betting on is that uncertainty I hope I explain that well but that's what I'm trying to say oh yeah you explained that very well thanks so it sounds like this would be the only time of the year where maybe you would pick a month to trade that's further out and has less open interest because what you just explained so maybe for the rest of the year you would always be picking the trade the month that has the most open interest yes if I was day trading corn not day trading just trading corn on a smaller swing you know it's like maybe a four or five day swing I would certainly be trading July corn no question about it because it'll have more volatility right now whereas December is just laying in the ground and nothing's happening to it was right now something news could come out in China saying yes you know we're sorry for doing all this and we want to buy as much as we can and that kind of thing which is not going to happen but that's what I've been doing I trade the one with the most open interest ordinarily because corn is in such nice tight trading range down here you didn't have to risk very much and so I'm saying I'm going to be a farmer maybe for three or four months and then that's what I would be looking at and December corn is moving a little bit which is a good sign too okay terrific that was a great explanation thank you very much hey thank you for calling in and stay safe and carry a big stick I guess is what they say back in the old country I'd rather carry a big account to trade with but thank you well that's okay it'll be big someday that's the main thing I wanted to mention here about the VIX index you know we've got all this stuff going on and I want you to be able to see hold on let's say hold this a second here there we go we'll be right back 877-927-6648 back in the day I joined Hotel California in 2006 and like 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Ride the Chapman wave today by signing up for the opening call newsletter on the front page of TFNN.com under the newsletter tab new subscribers get a 30 day money back guarantee so you have nothing to risk sign up today 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 folks we're still trading normally today and everything which is pretty nice so keep in mind we got Amazon up here pretty good I had for my first time in a long time I talked to someone over the weekend it's been a fan of what we do here at TFNN and he is an option trader and he really he sells options if he you know just like most professional option trader he learns how to sell options but I'm at the point now where I think it's a great idea but I don't do too much in options and boy it is really it is really complicated usually and so I'm not going to get into that too much I wanted to mention just a thing here in another week or so I'm going to be giving a Saturday thing for the money show we don't do any traveling anymore for that kind of stuff but they're going to do an online show and I'm one of the guests I'm think I'm 11 30 on the 13th of 1120 in the afternoon in early morning in New York time at 11 20 if you just go to the money show I'm just going to be talking about the state of the markets there's about 35 minutes there's some pretty smart guy Dennis Gartman is there and Dr. Elder is there the two eight and sisters are going to be there a whole lot of Tom McMillan but that's just a few there's a several I think there's over 100 speakers over those three days and I'll be one of those very short but frankly if you listen to this show you're going to that's pretty much what I what I talk about so you don't really listen to it it'll be a little bit of a review of what I do every day here at the show let's remind us that that's what we're watching here I hope I answered some of your questions today about the news and I don't want to get involved in talking about what's going on you know with these riots but if you take it step back and think about a little bit I think you can figure out yourself you know yes bonds are lower there Maria they're still going lower and they do look bearish why they look bearish you know why should they be you know bullish when there's more money than they ever have in the history of the world I've posted that chart you know more than once and that's going to be something down the road maybe it means maybe it means nothing this time I don't know look you know silver and gold are not reacting you know as well as you think but the Fed is in their pump and so you know you've got to be careful folks because the Fed can come out there at any time and do whatever they want so remember that we'll see all tomorrow live every day in an