 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 727-873-7618. Now, Larry Pezzavento. OK, folks, we're going to start out the show here. Paula Webb will be our guest here at the break. Tomorrow we're going to have a Grace Morris of Astro Economics. She'll be talking to us, of course, about Nvidia's earnings, which will come out today. And then on Friday, we have the wizard himself from Naples, Florida, Norm Winsky. So we've got two astrological people, two days in a row. Here is the Treasury bond, folks. We are completing a pattern known as the lightning bolt. It was also called the ABCD pattern. I don't know if you folks know this or not. But when Gardily wrote the book in 1937, he had four or five people copy parts of that book. The one that was most famous was a man named Franklin Tubbs. 1951 he came out with the I forget what he called it. You know, I'll have to remember, but he charged two thousand dollars for it, which was more than Gardily charged for his book, which was fifteen hundred dollars in 1937. And it was basically the A.B. Equal CD pattern, the Franklin Tubbs. It was an ABCD. Charles Lindsay came out in 74 and called it P1, P2, P3, P4. Exactly the same thing. They were doing exactly the same thing. So I'm doing the same stuff. Many people have done, but it works for me. You know, it doesn't work all the time, but it works some of the time, and that's all you really need to do. So here's what we're watching here in the box. Now, we've made new lows now with the last six days, but it hasn't fallen out of bed yet. I'm not sure if the Fed is speaking now or not, but the low so far today was one seventeen twenty one. We're trading a one seventeen twenty four. Now, if you're interested in buying bonds, I don't know if the Fed's out there now, but if the Fed is out there, you still got to put your stop in here somewhere, you know. So if you want to risk ten ticks, twenty ticks, five well, five ticks is probably too small, but nothing less than ten ticks. This is the place where you take your shot. That's basically, you know, what you're looking at. I know a lot of folks here get tired of here in ABC all the time. But folks, the only reason I say it because it works a lot of the time. I've never found anything else that works as well as this. Look at this on just on a little bit daily right here. There's your ABC D leg right there. Now here you see it went quite a bit above it. It was supposed to come in at one twenty four twenty. And it came in at one twenty five thirty. It went a whole point. But finally before it went over and then on the way down, you'll see here it is again. There's your ABC D right there. And this one came in spot on exactly within two ticks and rallied up. And so here's where we are right now. I just bought them and I bought them twenty five. I'm going to stop at ten. So I'm going to have 15 ticks and I'll tighten that up. If it starts making lower lows, I don't know if the feds out there. Not because I really don't. I really don't follow them too much. And you know what, folks, they don't follow me too much either. So we're pretty much tied. OK, now let's move on to something else that the several people have been asking me about. And that is the stock market. And let's get up here for one second here. See, here's where we were. We're going to go back here just for kicks and giggles. All right, because market has come down very, very quietly. Here's where we were Sunday night. OK, there was a three eight two right there. That was the one from Sunday night when we were on vacation and getting ready for the holiday. There it was right there. Hit right on the money at. Well, it missed it by half a tick. But well, actually, yeah, it did twenty nine fifty. And fifty twenty nine fifty. The high was fifty twenty nine fifty. So it missed it by half a point and that's pretty close. So we were we were using the Dow Jones, which made it. So that was OK. You were still short that. Now we're coming down, but it's very quiet. Look, three, four days down, very, very quiet. This market's not falling out of bed for any reason. So if we look at this on a hourly chart, just get it up here. You'll see it's just coming down to where we're almost at the seventy eight percent level right in here. There there is your seventy eight. We made a lower load just a second ago right in here. Didn't go anywhere. So this is acting pretty nicely. So watch for watch for another retracement. What I'll be watching for today, if the Fed does anything crazy, is to go up and just to see if there's going to be some type of a three eight two rally in here somewhere. You'll see it that would come in here at fifty twenty. That's a three eight two off the high. So that that'll be a big one. That'd be up twenty five handles, folks. You think they're not going to be some people that were short in here. It's not going to get scared up in here. Well, of course they will. So that's why you've got to be you've got to be super careful doing it. The ABCDs, they work. I keep saying this. They work about sixty percent of the time, folks. And the other forty percent that you're going to you're going to law. You're going to lose. And all you have to do is try to handle your losses. And you should be you should be handling it. OK, that's the way I'm looking at. We've got a we've got a couple of positions on now. We've we bought wheat today. Well, I'll just re reiterate it because the wheat made a three eight two retracement. We were this was really I missed this one right there. You see it hit it exactly right there. So we bought the wheat there. Our stop now is one tick below here. So we're risking basically basically less than fifty dollars in that. But look at this, folks, on the daily chart. This was a that's not the one I want to want. Four hour. That's what I want to watch. There is the four hour chart. Look at it right here. This is going back over since December. The number came in at five fifty two. The low was five fifty five fifty two. You can see five fifty three was one point two seven expansion right in here. And then we had a little bit of a rally. All it's done is just back off to the three eight two so far might be a little early. But you know, we've got a full moon coming in tomorrow. And the next day and the next day, both Thursday and Friday, we'll all be part of it because it takes three days for that full moon to you know, go through its little dance that it does every every 14 days from full moon to new moon. And we'll see what happens there. Now, all I do with the full moon, I just count the days, folks. I'm not interested in whether it's a lunar thing or whether the moon is in Scorpio or any that kind of stuff. I just look at the counts and I count them to see if I can get something that tells me there's some symmetry there. That's really all I'm trying to do when I do this. It's it's kept me in the game for a long time. And I hope it'll keep me in the game, you know, a lot longer. So those are some of the things that I'm watching. Now, just to show you today, the value of the three eight two. Here is the Dow Jones. OK, now here was the high that we made here on Friday. You see today's high wasn't we made a low. And then we rallied up and made the high right up in here. And then we've come down. So I'm watching to see if it gets back up to this level. One more. This is still made a three eight two. It came within five pips of the exact three eight two from that level. Then it broke all the way down and has been bouncing around all morning. So that's what we're that's what we're watching today with these markets. But none is more important than the Treasury bonds. And the reason for that is, folks, that's the biggest market of them all. And that's the one that you want to pay very, very close attention to. OK, now, quick, quick view of the soybeans here. We were trying to buy the soybeans today at forty eight. And we did. The number was forty seven. We bought it at forty eight. It had a little bit of a rally here. And I saw that rally in the first thing I did. Let's just go back and look to see if there's trouble in paradise. And there it was right there, folks, almost exactly at the three eight two. So this market's not stopped going down, but it's getting close, in my opinion. But remember, opinions are like armpits. Everybody has one in it usually is a little smelly. Let's move on. Take a break here. Pay a few bills for TFNN and we'll be right back. Eight seven seven nine two seven six six four eight. Steve Rhodes started his trading career as a student almost 20 years ago. And the student has now become the master. Steve won the prestigious Timer of the Year Award in 2018 and barely missed that mark again in 2019, finishing at number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free at TFNN. All our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN Educating Investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. 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Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. And remember, at TFNN, we're so confident in the value we provide that we are for a 30-day money-back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk. So why wait? Tune in live to Tiger TV and transform your trading journey because when you know better, you invest better. Join us and experience the difference today. TFNN, educating investors. OK, folks, you can see here, this is the Bible that I live by. This is 20 pages of my notes that I took with Mark Douglas here for six years from 96 to 03, actually almost seven years. And it was a revelation to me. I've known him for so long and we were very close. He was the best man at my wedding and Paula married us, of course. And we traveled the world lecturing and over the years, or Mumbai and golly gee, just so many places. Anyway, miss him. I miss 20 minutes, great deal. But they're still in my heart because I when I see this book here, I can see Mark sitting next to me, you know, drilling these things into me and believe me, folks, being a hard-headed Italian like I am, it was not easy for him. But we made fun of the situation. We got it done, took a long time. But it was I mean, I was doing good. I mean, I was not the problem was I thought I knew more than I did. I knew a lot about the markets, but I didn't know about the most important cycle, which was the left ear to the right ear. So I'm going to take a few minutes here because I know some of you folks, you look at the patterns and you think that they're important. They are, in some respect, because it's a trigger mechanism. But the mechanism that means the most is the mechanism. It's between that, that 90 between this year and that year, that nine inch cycle. And that's the one you've got to get right. Once you get that right, you know, you've got it made. People ask me all the time, well, how do I know whether I can afford to take the risk? Well, if you can, it's simple, it's a dollar amount. Can you afford to take a risk of six hundred dollars? If the answer is yes, then you've got to take the trade. If it's a completed pattern, you've got to do it. Now, you'll notice right here, here's one that I'm looking for, whether it happens or not. I don't know, but we're in an oversold market. And I think we've got a possibility of making this 61 percent retracement here, especially if the Fed's out here doing something. So I'll be looking to be a seller here with my stop above here. Now, I covered when, you know, we had this big move down today because I, you know, I believe in A, B equals CD. Let me just quickly do this right here, because there was your first ABC. Now, I'm not, I'm not watching the NASDAQ today. I'm not watching the S&P. I'm just watching and look at the low. I mean, is that hard to figure that out? There was a low 30, 40, 50. All right. What we do, we rallied up to the 382. Then we backed off and this is what we're doing. We're backing and filling right now. So that's what my game plan happens to be. But that doesn't mean anything. This is what means something, folks. This little thing right here, because let me just go through some of these things. In order to be successful as this, you have to have a foundation of absolute trust in the patterns and the ratios that you're dealing with. Number one, number two, you have to have a pattern of trust for protecting your big, you know what, your big kahuna that you set on all the time. Because if you're not out there protecting yourself, folks, you might as well go over to McDonald's and start flipping burgers because it's just a matter of time for the hand you your lunch. Might not be today, might not be tomorrow, might not be for three weeks, three months, three years. But when they get you, they'll get you big time because you've got to be able to handle that risk and be able to protect yourself against it. That's the only protection you have is the stop-law orders that is out there. What would the Fed would come out here today? And let's say in about 20 minutes that, well, the economy is actually, these figures are not really as strong as they should be. So we're going to start cutting interest rates right now. What do you think would happen to the stock market and the bond market? Well, you're right. They'd probably have one heck of a rally. Maybe not. I don't know. But I'm saying that's the risk that you have to take if you're out there doing that. So you've got to remember to do that. You have to formulate these rules for yourself with a hesitation. Number one is you ask yourself, this was this was right out of Amos Hostetter. If you can afford to take the risk, OK, that's number one. And if you are sure that you're protected, that's number two. You must take the trade because one particular reason that we all know no one knows what's going to happen next. And I mean no one. So if you can answer both those questions, yes, I can afford to take the risk and I can protect myself. Then you can put this you can put the trade on. I get at least one email a day. How much should I risk if I'm going to do something? I can't tell someone how much they're going to risk. I don't know what their bank account could be. Two million, twenty million, you know, three hundred dollars. I don't know. You have to find out what that risk factor is. Now, everything that we trade here is based on usually a maximum with like crude oil. And and now the S&P crude oil, gold and the S&P are having a risk factor of about a thousand bucks, somewhere between eight hundred and a thousand dollars. That'll cover almost anything. But look how nicely that ABCD worked today in the Dow Jones. It went right down to the bottom and flat stopped right there. I mean, that's over the last couple of days, but that was it, you know. So this was yesterday's high, interday high, boom, there it is. So nothing more than that. So all I'm doing is reversing the process, seeing what's going to go up here. So I asked myself the question, can I afford to take the risk? Yes. Am I protected against that risk? Yes. Then I have to take the trade. The reason why is I don't know which one's going to work. And you know what, I don't really care. That's that's the bottom line. I just really don't because I just keep doing them and I keep doing them and I keep doing them. Sometimes they work, sometimes they work. But overall, it's going to get you to the promised land. Yeah, you're going to have times where you lose five, six, seven. The heck as many as 11 times, 12 times. But boy, when you're on fire, you think gets it all back very quickly. By the way, those four and five times in a row, those are outlier events. You don't see those very often. So you got to remember, if it's a valid signal and you know how much you're going to risk, then you have to put the trade on because you don't know what's going to happen next. And that'll, what that will do if you do that, it'll develop to the consistency that you need to put all the trades on, not just the ones you think are the best folks. The ones that I think are the best are the ones that hardly ever worked for me. You guys been following me for a long time and you know when I'm really, really excited about something, you know, my goodness, you'll be more careful about that than anything because those are the ones that scare me. Look at this, there's no way this one cannot work and what boom, it didn't work. So that's why you got to get used to doing that. You know, I used to sit here, listening to Mark talking to some of these guys that paid him a lot of money. And these guys were really famous. Their names are household worlds in our, words in our business, names in our business and they had the same things going on in their mind. You know, why do I know what's going to happen next? And they all ask the same thing. And once, you know, Mark would sit there and spend one or two days just explaining to him, you don't know what's going to happen next. No one knows the future, no one, except God and she quit trading a long time ago. She didn't need the money. Anyway, that's what, that's what this is all about is to try to find the ones that line up the best. But this whole book here, it's a 30-some pages of all the things that everything, and of course the number one thing on this big page right here, it says money management always takes precedent over technicals. No question about that. I know you've heard the story about the guy who was in the Maryland office that day. He was a big gang guy and he said, there is no way that soybeans are going to go, you know, a penny below. I think it was 525, 625. I don't remember the number, but it was, let's say it was 825. And the guy picked up the phone. It was Jack Waldock at the very lens, a partner and he picked up the phone and he said, he said, sell me 20 July beans at the market and they dropped seven cents. It was late in the day, markets were thin and the guy walked out of the office disillusioned. He ended up teaching gang for many years, but that was one instance where he said they could never go below there. And one trader with the deep pockets and 20 contracts for beans back in those days was a lot. Now it's nothing, you know, peanuts. Hey, let's take a break here. We're going to have Paula T. Webb coming on the phone here in just a second. So we'll be right back. The gold report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market and the Shanghai gold exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African Rand as well as 25 different mining equities with specific buy-sell recommendations. The gold report. New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. 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Go to TFNN.com and hit watch Tiger TV. Folks, so we have Paula Webb, Tomasini Douglas. Did I do that right? Is it Tomasini Webb or Webb Tomasini? That's a family. Anything you call me is just fine, Larry. As long as it's not late for dinner, I understand. Which she happens to be one of the best cooks around. Paula T, one of the things that I have, you know, from when people drop me emails is that how do I know whether a trade is going to work or not? And I try to beat it into them just like Mark did. You're never going to know that. You know, that's the whole reason the trading is because you don't know what's going to happen. How do you handle that when people, you know, bring that question to you? Well, anybody who asks that obviously doesn't believe there's always opportunity in the market. Right? It makes good sense. So they're kind of like counting on that specific trade to be a winner. So, you know, that kind of has to go back to the basics of the trade. So, you know, that kind of has to go back to the basics of if you don't believe that there's always opportunity, then, you know, how can you see actual market data when you're looking at your chart and doing your analysis? You have to always believe that at any given moment, sorry, I got something in my eye. At any given moment, the market can provide you an opportunity to take profit. And you can't just hang it all on one trade. That's right. And, you know, there's, you know, further things that go on there in terms of, you know, you may not believe in your rules. You may not be following your rules because you don't believe in them. And so, you know, you tend to wish and hope instead of actually having an objective state of mind to achieve your trading goals. And it's pretty typical, especially not even just in new traders. I mean, even seasoned traders can fall into that, shall we say, closed loop again of wishing and hoping, especially in today's markets. Do you have any special exercises that when you work with someone that helps them get through that stuff? I know you do because I did it with you for many years too. That's a true question. Well, one of the things that I always ask traders who get stuck in this closed loop and other ones as well is, what kind of promises did you make to yourself the last time you hung your hat on one specific trade that went south? What did, you know, after the trade went south and it turned into a loser for whatever reasons, what did you promise yourself? You promised yourself you weren't going to do that again. Right? Yeah. We all do that. We all say, okay, God, you know, give me a winning trade and, you know, I'll follow my rules. I promise. And yet they don't. They don't follow through on their promises. So, you know, what I tell traders to do is they have to sit down and ask yourself why making a promise to yourself to learn how to take profit and keep it, why wouldn't you do that? Why wouldn't you follow through on that considering it's your money that you want to grow? It's your money that you worked for to open a trading account with. So why wouldn't you make that investment in yourself and follow through on that promise to follow your rules as only you know how? Right? Does that make sense? Absolutely, yep. Sounds like Mark's sitting right here with me once again. Yeah, I mean, you know, we didn't write the books together for no reason, but I should clarify that. The discipline trader is actually, for sure, Mark and I wrote that together. And finally, after all these years, the publisher is adding my name as co-author to the discipline trader. So that's, I just want to mention that because there's always confusion because my name isn't on the first two books, but it will be on the discipline trader. Trading in the zone, I didn't necessarily co-write with him. As you know, he sat in your home writing a lot of it, but I did the editing. And you know, as you know, he shared a lot of that material with both of us to see if we understood it first. So we were kind of like the test market for trading in the zone. It's really amazing to me, even after all these years, that trading is really so simple. You have a belief in what you're doing. You know how to protect your rear-end. You know how to put the order in. That's all there is to it. I mean, you can do all the technical stuff you want, but if you know what you're doing and you have a belief in it and you protect yourself, you don't know what the hell is going to happen. The next just do it, you know, and roll with the dice, you know. Right. I'm sure people might, well, maybe not our younger viewers, but a lot of people might remember Ron Popiah, who had all those kitchen gadgets, and he had that rotisserie. Oh, yeah. Oh, yeah, the guy on TV, sure, yeah. Yeah, right. He made billions of dollars with his little quirky little phrases. Yeah, all that stuff, yeah. And for the tabletop rotisserie, which Mark and I had one of those, his mother gave us for Christmas present one year, that phrase was set it and forget it. And so that's what I tell traders, you know, set it and forget it. Put your trade on, put in your stop, and forget about it, you know. And now if you can't maintain consistency, that's a good way to get started to building consistency. Just set it, forget it, turn your computer off, go do something else, and come back the next day and wait for your next setup. People don't believe me when I tell them I'm not in front of the computer a lot during the day. I put my orders in, and then I do some other things. That's one of the reasons I enjoyed my time here with Mark, because, you know, those of you that have been to my house, about a huge 58-inch monitors that I have here that Mark and I bought. And because we thought we were going to, you know, look at some a lot of different patterns at one time, it ended up he had his laptop and I had mine. They haven't been turned on for 15 years. They're brand new. Anybody wants them? Well, we know, too expensive to ship. But I just keep it as simple as I possibly can. And I tell people that, but they certainly have a hard time getting through it. But the mental part of this though, polity, when I look back at all the stuff and with Jimmy passing away, you know, recently, and he was talking about the, oh yeah, you know how close we were. But, you know, my goodness, whenever we were visiting, we would have trades on, but we'd never be watching the market. And you know what? I don't think the market really cared where we were watching or not. I guess they never told us that they cared. Yeah, markets don't take it personal when you're not watching them. Yeah, that's the understatement of the year. Anyway, do you have anything special that the folks could contact you to maybe find out something that would help them in their trading? Well, you know, I've got my workshops going every other month. The Power Trading workshops. And we've got one coming up the first weekend in March. And there's still room. We can do one-on-one workshops. Those are really popular, the one-on-ones. It's a two-day workshop. I've got a new book coming out, The Sagacious Trader, which talks further about promising to yourself to make an investment in yourself as a trader. That should be out in a couple, probably by June, but don't quote me on that, I'll bring it behind. But, you know, just go to my website, polityweb.com and, you know, the free call is always an option to just chat with me for 15 to 30 minutes see if what I provide is something you're looking for, what traders are looking for. And sometimes that's all you need. Lots of traders just need a little focus and I give it to them and that really brings me a lot of happiness because that's what it's all about is helping others. You know that, Larry. I've done a little of that in my past. Thanks to you guys for treating me to do that from years ago, even when we traveled to those distant lands like Mumbai. Of course, when we went to Mumbai, it was called Bombay. That's how long ago it's been. Hey, listen, thanks for joining us, sweetie, and we'll have you on again soon. By the way, Tim Slater says hello. Yeah, you know, give me, text me his number. Would you please, I want to get him on the line. He's the guy that started all these charts for left off. Yes, and we were talking. 40 years ago. That's right, 40 years ago. We'll get Tim on the line here. Is he still with Elaine? Yes. Send it to me, I'll call him. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor Four Side Fund Services, LLC This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Okay, folks. I've got to put a chart up here of corn. This is a spot corn. Going back to 2020 you'll notice here that that's four years ago. We're down at the 78% level of that move right here. But folks just about every year you can see here April, May there's going to be some corn. You can see this is when you have your, here's your summertime rally. Okay, here's one in the spring. Here's another one in the spring. I mean, we always have rallies in these things. Now we're coming up here now. It's going to be rallying from a really different price level. But there's where we are going back. We had corn at 375 for many years, folks. Once it got to 475, they say, well, never see that again. And, of course, we went to eight and a quarter. This is the staple. This is the largest crop in our hemisphere, folks. And, of course, the South Americans do pretty good now. But this is the biggest crop. We're very, very low priced. We have the planning intentions is going to be coming out in about six weeks and the farmers are going to decide what they're going to plant. Now, look at this, folks. I mean, why is a farmer just like back in here, why would a farmer plant corn? This is what happened here. They didn't plant any corn. And boom, when they needed it, look what happened. It quadrupled in price. We went from $3 to almost $9 for heaven's sake. So this is what we're looking at. We want to find something like this, a really good opportunity. And I'm searching for it as we look at it. Now, what we'll do here, since we're looking at this, we're just going to blow this up just for kicks and giggles and see where we are on the ABCD front because we always like ABCD. Now, here was a 382 rally. Now, this is a weekly, okay? This is a weekly. So we see we had a nice move down. Now, I wonder what that went to. Let's just double check. We'll just mark. This is what we call the mother of all patterns, folks. When you get a 382 like this, oops, it's 50%. Let's see how close it is to 382 just for kicks and giggles. This thing is usually so accurate that it doesn't miss by much. Yup, there's a 382 right there. So it says 50%, but this is the actual one. You can see by this retracement right here, there's a 382. And then we come down and look where we are setting up right now somewhere in this ballpark. There's your AB leg. There's your CD leg right here. 414. The low so far has been 415. You can't get any closer than that, folks. We had a little bit of a bump here, but not very much. So what we're going to do now is we're going to look at this with the eyes of December corn because that's when you want to be watching. So we're going to come over here. Give me one second and get up to December corn. Here's December corn and we're going to put it up on the weekly and it'll be a little bit different, but we want to put this together so we can see it where we are going back here. You can see there's a difference in the crop months, but the lead month is the one we want to be looking at. So here's what we're going to do. We're going to look at this. We're going to look at the next move measure to 4747 473. Now we're 457. This is corn that has not been planted yet. So what we have to do is we have to look at the other ABCDs that are in this program. So we looked at the big one. Now we've got a couple of smaller ones in here, don't we? So that's the first one we're going to look at is this one right here. This is the ABCD 457, but we've got another one here too. We have to measure this ABCD from this one right here down to that one. You're going to see we start getting down closer. Now we're 465. We have one other thing to measure and that is the expansion of this weekly range from May through July. Remember July's when they have trouble with the crops and stuff and the 1.618 on that one comes in way down here at 436. So what this is telling me is December corn and remember December corn is selling for 17 cents more than the July corn that we're March or July corn that we're looking at right now. So they are already saying that they don't believe the farmers are going to be planning a lot or they are the farmers are going to be planning a lot and I think the farmers are going to surprise them. So I think we're at the point where you want to be ready to start buying corn. Now let's look at this on the daily. You'll see this is much weaker than the other. You can see we've well we just made another ABC down in here but the March corn has held up above this. So this is what's at 457 for December unplanned corn. If we look at the March corn come over here and take a look at that again one more time that would be right there and it is selling for 424. So there's 30 cent difference between the two. Okay so that's where we've got to pay where we're going to play the game and I think this is where the week or so maybe today, maybe tomorrow maybe during this lunar cycle that we have now that's going to be stretching through but boy certainly next week we've really got to look for a reversal sometime to get along the corn. We're already long beans we're already long wheat and we have our stops in so far you know they're hanging in there okay we got a well we got a 4 cent loss in corn in beans and we have a 4 cent profit a 5 cent profit in wheat so basically kits for the day so still have our stops in but these are the things that I'm looking at on the longer term basis because I think that the fact that this hit that exact number means a lot to me and then it rallied. Let's see it didn't rally much but let's see where it did rally too you'll see it rallied a little more than you might think it even gapped up oh this is the rollover folks this is the rollover from the March so don't don't get excited on that all right it didn't gap up 17 cents yesterday that that did not happen that's just when they see this what this means over here is when they roll over from one month to the next one okay now we had one other question and that was about I don't even know how to answer it but it's NVIDIA but I'll give you my two cents worth folks but that's and if you over pay it's your own fault so let me get rid of this out of the way here and I'll get rid of the corn out of the way here and what we want to do now is to come up here and look at the NVIDIA and I really I think no matter what NVIDIA does the stock goes lower that's just there's just too much hype if it if it's really really super bullish and believe me these things have surprised me in the past the time it gapped up $300 or whatever I say I can do that again there's no there's no reasoning why I can't because they got the wrong people on the wrong side of the fence it's going to be easy the weekly you know we're trading at $669 which is near the low of the week the low the week so far has been $666 ooh the devil's number so that's that's where we are right now the ABCD on this swing measures to $779 and that high was $774 missed it by $30 looking at this on a smaller time frame you'll see it's been coming down and it is following $382s folks here's the first breakdown there's your first three well it goes a little above the 382 there let's just go to the first break here there's the high and the first break takes you to the 50% level the second break is going to take you right to the 382 right there on the money honey there it is right there it's at one two three times and then we're heading down so they were the if the results come out and they could easily go up to $7 this thing could move $100 folks I think it's going to be frankly this is my two cents worth because I see this AI and how important it is but I wouldn't be surprised to see it jump $100 on either bad earnings good earnings whatever earnings it wouldn't make any difference wouldn't surprise me at all if it can do this look at this folks going back here on the daily any stock that can gap like this $150 in one day you can do it again so for God's sake you're going to short it use an option we'll be right back 877-976648 if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN Educating Investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today TFNN.com Educating Investors Are you ready to take your trading to the next level? Introducing Tom O'Brien's award winning newsletter Market Insights your key to successful active trading Tom O'Brien renowned for his expertise in the financial markets and market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to TFNN.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30-day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand TFNN Educating Investors TFNN has launched the Tigers and hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the Tigers Day available to all Tigers and Tigris for just one dollar for the year there's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of TFNN.com don't forget you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com and hit watch Tiger TV that's TFNN.com and hit watch Tiger TV okay folks I bought the bonds when the show started at 17.25 they've been as low as 17.21 I'm going to put my stop here at 17.18 that's going to be 8 ticks 8 times 320 is $240 I'm risking $240 I think we got a chance to rally from here the reasoning for that is because of this big ABCD pattern that measures right here 17.23 but if it goes much below that I don't even care just this more than I want to risk I'm not going to risk more than $250 8 ticks in the bonds this is the largest trading thing that we have other than notes it trades oh god just so many the bond pit was like watching three football fields but the biggest pit of all in Chicago was $1 which is US dollars traded abroad it was like two football fields stuck together you had to be 6 foot 5 and weigh about 280 and be stronger than a couple of Billy goats to stay in that pit because it was so physical they had paramedics there for broken stuff every day it was an animal pit is what it was anyway here's what we're looking at right here so have your stop working 17.18 and that your risk 8 ticks and that's more than you want to be working so that's pretty much it so tomorrow's guest will be Grace Morris of Astro Economics and on Wednesday of course we're going to have the Wizard of Astrology direct from Naples, Florida Norman who tells it like it is winsky will be our guest next week we hope to have Stan Harley as our guest also Bill Meridian and Jim Bart de Leoni from Barts charts will be joining us very shortly so those are just a few of the things that we have coming up in the near future keep that stop working folks because you don't know which ones are going to work and you shouldn't care because you never know which ones are going to work that's the bottom line so that's what we're watching for today so live every day in an attitude of gratitude and may God bless and I'll see you on the flip side come Monday