 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. Okay folks, I posted a chart of the Nikkei stock averages going back to 1970. Now you notice 1990 the high was on New Year's Eve 1989. I'll bring that story to your attention in just a moment. But I want you to look over on the left here where it was trading in 1975. You'll see that it went up 10 times in 14 years. It was a 14 year bull market. It topped there. It's never exceeded that. We've come up to about 31,000 or 32,000. I don't even know for sure, but the low was down here at 7,000, which was back in 2009 with the rest of the markets were closing. But you'll notice that the Dow Jones was trading at 550 in December of 1975. It's gone up 69 times. Can you imagine that 10 times versus 69 times? That's truly an amazing statistic. Now let me explain to you what was happening to me personally when that was going on. It was going to be a New Year's Eve party in San Diego with one of the Drexel customers that 20 men and I had for many, many years. I want to get this up here to show you where we are. This was the December of 1989 from that meeting or that weekend. Jim and I were going on into Los Angeles where there was going to be a traders conference. I was one of the speakers and it was from Jim Sugarman and Tim Borkwin, the two gentlemen that started the money show and it was the very, very first money show. And we were given. I was asked to speak and I asked him is always bill casual group. So I went over in cowboy boots, Levi's and my cowboy hat and we got there and there were 2,500 people there, including television cameras. This was the start folks of CNBC. Suho Ray had gone to New York to get permission to get a financial channel started and it was 1990. And I think it started late 1990. If I'm not mistaken and it's been going bunkers ever since. But anyway, that's that's how it all got started. Let me explain to you what was happening in Japan at that time. That weekend of the last weekend of the year, one of the shows that 60 minutes had is the soaring stock market going to 40,000 didn't quite get there. And they had had one of the reporters was on the front of the beginning and that the front of the Imperial Palace and they had a big, big promotion there and the reporter pulled out a thousand dollar bill with the picture of Rover Cleveland on it. A thousand dollar bill and he laid it on the ground and they put a quick shot on it showing it and he said, this is how much real estate you can buy in US dollars in Japan. So you put a thousand dollar bill three by five by three. You could buy five inches by three inches for a thousand dollars folks. Now that's what we were facing at that time. Of course, that was the top of the market. It dropped 90% in value then bounced around and it's been in and out. Well, it's been in a consolidation range between thirty nine nine and I think it was a low seventy nine hundred which was on was on March the 5th of 2009 when that marked off. So that's just telling you that these markets get a little bit overextended now. Can you imagine where we are compared to where that they were at that time? The only similarities that I can find in these charts and that was the question someone asked me is this chart that I have showing nineteen eighty nine and if you notice the bottom there at twenty six out roughly twenty seven thousand in any case it ran from twenty seven thousand to thirty nine thousand and that was a thirty three percent move in thirteen weeks or thirty thirteen months and thirteen months. Okay. So what we've done so far in the Dow Jones is from the low we made down there at twenty five thousand we got all the way up to thirty eight thousand and you'll never guess what that is thirty eight percent. So that's going to be really interesting if that means anything and I don't know if it does it really doesn't mean anything to me because I'm going to be trading the patterns. I don't care whether it's top or not. Yes or sometimes I'm right sometimes I'm wrong but you know I'm just looking to trade the patterns. That's all I'm trying to do. So that's what I'm looking at today. I want to give that information to you because I think it was important what happened during those times and I know I do I want to share something else to you that happened right after that. Let's get this up here. You'll notice this section right here after the top was made in the Nikkei right here. This was a monthly chart. So you see it came this happens to be excuse me a weekly chart and had a big break and then it rallied right up to this level right here. If you looked at it on the daily it was a perfect ABCD it was in March of that year and I was in that Pepperdine University outside of Los Angeles over in the Pacific Ocean. I gave a talk on to their their Investment Committee every year since about the year 1989. That was my first year and I did that all the way through 2005 2006 and but anyway at that point right here I said this is where you want to be liquid and they were heavily involved in the Japanese market over 60 percent of their portfolio was in the Japanese market. And what was happening is the students now had voting rights in that group of you know putting the money you had no experience but they had they had votes and fortunately what they did was they decided to get out of the NASDAQ and go into exotic art. You know just expensive art is what they decided to do and turned out to be the home run of home runs. They also went into real estate which you know bottom back in 2009 but they did OK and that also in the Los Angeles area. But that was the big change that was made and so anyway that's been going after after the bottom in 2009 that was the last time that I had made a idea of where things might be going and all the people that were there had gone and moved away and nobody even remembered who I was. OK and I wanted to share there's a lot of stuff going on out here about seasonalities and market structure and all this stuff now this happens to be a seasonal pattern since 1952. You know that's a long time folks remember this is 2000 and 24 so that's 72 years 72 years this has been going on. It just shows that the sitting president running has a positive bias. That's all that says OK and it says if there's an open field there is no bias. It's more negative and in all election years it still has a positive bias but folks what you don't realize this positive bias in the stock market's been there before the elections. You know the reason that's all that is they're using the elections as some type of a barometer and it's really not. That's just a four year cycle and sure sometimes they work sometimes they don't but we've been in a bull market in the United States folks. Basil I hope you're listening because it was July the 8th God I'm hoping doing this right Basil July the 8th Dow Jones at $41 as it was at the bottom and at the top on September the 20th September 3rd 1929 it was trading at 383 and went from 383 to 41 and that was the bottom of the stock market. So let's take a break here and we'll be right back 877-927-6648. 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 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 just launched their new trading room the Tigers Zen 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 and now they are expanding their reach with the Tiger stand available to all Tigers and Tigresses for just one dollar for the year. There's no cash or added costs when you join our community of traders in the Tigers then you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigresses as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the Tigers Dan at Discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of TFNN.com toll free at 1-877-927-6648 internationally at 727-873-7618 Okay folks we're going to take a look at the E-mini S&P here today this is one of the ones we focused on in the video this morning we had a really nice ABCD down here to the 61% retracement it went below it by six points folks when you're trading the S&P now it's hard to trade it trade it with less than a 10 point stop because these folks that know these algorithms got their orders sitting there and they'll exceed it by just a little bit and then run so you've got to get at least a 10 or 15 point stop but you can see we went down to 74 we rallied up to within one tick of the exact 382 that was at 99 and it came in at 98 so that missed it by a penny and that's still valid because we could still make a little bit higher but I think this would be the one to sell with your stop above this level right here we've got some big volatility coming ahead of time but we need to be watching that very closely a perfect example of this is one that we had on the videos from Monday night after those incredible football games just absolutely entertaining I'm not a much of a football fan but I love athletics and golly gee that was really spectacular there was a crude oil here's where we were last week if you remember we were completing this beautiful pattern up here this three drive pattern your double ABCD and now you came down and we said to sell the 382 up here at 73 14 you got to put your stop about a buck above you got to trade a dollar a barrel now folks because these things jump around you can see here we broke down okay and now what we've done is we said look if you're if you're risking a thousand dollars and something and you make a thousand dollars which was right here you have to take that because you don't know when the market's going to reverse but you're in the business of booking profits this is a 60 minute chart so this took a long time it took three days to get up there okay now look what happened in one day he gets down to this level right here sure there's the possibility with this news across the Red Sea is so bullish we can see what's happening to the bullish right thing you got you got bullish news and really super bad action and that could take us all the way down to 68 bucks folks that's another $3 a barrel lower so what we're watching now is to watch what the 382 retracement is going to be so all you have to do is to go back to your last high right here and market in and you're going to see that would come in up here at around half a dollar higher here at 71 56 okay now that's the crude oil now if it's crude oil is a little too rich for your blood then go down to the Treasury box here's one that we really wanted to be a seller of on Monday night but unfortunately it opened it opened sharply lower here you'll see here on there's the the right here was the opening here on Sunday night and you can see excuse me Monday night that was the holiday and then we broke down and look what we did we rallied exactly to the 382 retracement of the high right back there let's just draw it again so you can see how important these ratios are they don't work all the time but have a big flash news for you folks nothing works all the time except taxes and you know what else there's your 382 right there and that would have made 500 bucks if you were in that so that's what you're looking at so you've completed the ABCD to the downside there's your 1.618 expansion of this whole move okay that also verified folks these algorithmic traders they know these numbers they really do so what we need to do now is go to the hourly chart to see why it stopped at 2309 if we can figure that out that'll give us a pretty good idea so we just move this over and now we see that there's been a pretty big break here as a matter of fact it's dropped two and a half points which is a pretty substantial break does it fit in with the 382 retracement of way back here so that's what we're going to look at this morning and folks I have not done this as of yet so get ready to get the napkin out and wipe the egg off my face because it came very very close it came within believe it or not two pips three pips of the exact low at the 382 that still is probably outstanding but look at this we've taken out the lows of the last 10 days and didn't go anywhere and we already know looking at this bonds this is a valid ABCD and what did garlic say by the ABCD's in the bull market and boy there was one right there so that's what we're paying attention to here in the treasury bonds now the next one that's interesting is the gold market so we want to get it up here and we'll be able to see where we stand this is a really short term here's what we sent out in the video last night we said look we had an ABCD forming here my assumption was to sell it here at 20 79 stop above here you got to risk $10 there there's this area where you want to put the stop in can't risk any more than 10 it went up there against you a little bit here at the 61% retracement then came down and made your profit objective because you're risking 10 it made your profit objective of 10 plus it made another five if you stayed with it and look if you if you use this 382 as your gauge what you should do see because after the market breaks strongly it rallies back to the 382 that's the rules that you've rolled the Fibonacci and DaVinci and Pythagoras and all these dudes there's your 382 retracement that sets up the ABCD down here just a little bit lower and look look oh my goodness where it comes in you put this in right here and it comes in right at the 1.618 expansion and from that level it has a nice strong rally you've got to redo this because you're in the midst of being a pattern recognition swing trader so you measure the last I I can see it's right at 50% oops yep there it is right there there's your 50% rally there's your 382 is at 73 50% it's at 76 and this is at 79 and now you're just backing and filling in here right now so that's a strategy that when you're trading the gold market these are stop and think folks $1500 in gold is like dirty handles in the S&P so there's those are substantial moves and you want to try to take advantage of them the best you possibly can okay now I did something else over the weekend as I looked at all of the Dow stocks that were triple digits just to see if there were a lot of patterns forming making highs that you could you know validate that yeah maybe this 38,000 in the Dow Jones is something significant and I don't know whether it is or not and people say well if you don't know when I'm hanging for well nobody knows for sure boys and girls get that straight across your brow put a big thing on it instead of saying you know I'm when you're playing poker if you're in a game and you don't know who the sucker is looking them here it's you so you want to you want to be not to be that sucker just play play the game like it should watch how the swings unfold and that's what you want to be looking at that we had a big tournament here on crisp New Year's Day and we got down to the final 10 players I was the 10th player and I had a pair of 7s and I made bet everything I had on the pair of 7s and a 7 came on the board and I had an absolute sure winner until the last card came and it was a king and another player had a pair of kings so his three kings beat my 3-7 so I walked away with what I get $140 for eight hours of play so almost like working in McDonald's but I had a lot of fun we got to watch some really exciting football games which was really really really great and I watched these guys bet oh my god the amount of money they bet on these games these folks can't afford it folks anyway that's it let's take a little break here eight seven seven nine two seven six six four eight 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 Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30-year t-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report you also gain instant access to Teddy's 60-minute webinar archive he just hosted Forex Strategies and Fundamentals What is Behind the Tiger Forex Report. For all the details and to start your 30-day Tiger Forex report 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. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today tfnn.com Educating Investors Okay folks I put up the chart here of a natural gas this is an hourly chart here going back over the last several weeks. Here's what we've been doing since the beginning of the year this was New Year's Day. We rallied up here in the overnight market up to the 3-8-2-50 percent level of you can you can just put the daily up you can see how what a downtrend this has been in okay so this is what we're looking at right now this is what our one of our trades a day was to sell that 3-8-2 retracement here but unfortunately it was right here and it missed it by about four points which is about $200 but it didn't quite get there and the other thing is is it also did not make the ABCD I'm going to go into this in a shorter time frame but looking at it on just on the daily you can see the really beautiful ABCD up here at this level of 272 so what we were looking at was the hourly chart and as you can see we had a lot of ABCDs coming up into this area and I said look let's just wait till we get up to this level right here because we had a little bit of a 3-8-2 pull back and then we went up to make this but boy when we came back down through that that's the sign saying hey this thing's not done you know going down as of yet so we're still waiting for this number right here 2.72 and still here in Tucson we do not have any propane gas for your barbecue pits or campers I don't have a camper but I do have a barbecue and there's none available so this is where we're heading down now let's let's look at this from a technical standpoint like we try to do the last time we had a really good correction was right here the market went from 260 down to 236 okay that is 2400 that's quite a bit that's about $1200 so we expect that to happen again because what happens once will usually happen again so you just take your marker move right over here and you put your little lever right there and then you want to know that this is where we're going to come to well look where that happens folks let's get this back to where it belongs whoops that's not the one that belongs just move this over a little bit here so we want to keep this in context of what we're doing so here is our pullback numbers we'll get this out of the way so from the last low major low to this high right here we're below the 382 right now heading down so what we're expecting it to come to the first level would be right here stop that you go from this level right here that's your 61% level and look right above below that is going to be your 78% level see how they're both coming in together here now what you have to do is when you get to these levels here this is where you decide where you want to trade now remember this move right here let's just go back and look at if it's going to repeat says it's going to go down to the 78% level doesn't it and we're still basically in a bear market so why wouldn't it so I would have to say that you'd like to get it down here to this 242 level well this is an hourly chart so it takes several days for these things to form so maybe by Thursday or Friday we're going to have something really neat to look at where we could get something like this happening in the net in this you come down to the 50% level and then you rally up to maybe right there and then come down to this level oh now you've got a whole lot of things going on you got your beautiful ABCD coming in right at the 78% level gee that's about everything you possibly could ask for so there's a level that we're going to be watching for this week in the natural gas and that is at 242 folks that is not very far away that is about four or five trades of the active boys from Singapore which is the capital of natural gas why I don't know but crude oil and natural gas that's where the players are if you remember the dude over there when oil got down to minus $27 a barrel or whatever it was he was trapped and remember in the long oil back in April of two years ago well that's where they trade and then they made all that money back so you don't have to worry about them they're going to be just fine so there's what we're watching here in the natural gas so we want to keep our our keep our powder dry till we get to this level right here and then we'll be able to get to that point right now okay so let's move on here to one that just doesn't make me very happy doesn't make me sad but I really wanted to buy cattle here today folks closed near the low on Friday today we opened about a point higher and just took off we've rallied up three points and we know we bought cattle here and we sold it there so we had a really nice run we made eight cents in cattle okay and then we missed this 382 right here for technical reasons that not related to anything else but also in another matter you know most of you've been listening to me I've been complaining about technical problems I'm they're building a trading platform for me folks and I think we're going to be able to demonstrate that here in the next couple of weeks but it's got everything in it that I want I think I might even have a quick picture of it here let's just take a look at it that nope it's not set up right now I've got a it's just doesn't have the thing in it right now so that's the that's how did that a little bit later but see I I when I start trading folks this is back in the 60s you know in commodities there are about 16 things you could trade that was including the softs you know coffee cocoa sugar that kind of stuff and but what happens now is that if you look at trading platform for CQG or for interactive brokers I don't know think or swim has or not there is a quarter of a million things that you can trade including spreads and options and all this other stuff a quarter of a million how did they keep up with all that that's where my problem lies I don't want I don't want that to quarter of a million I want that 249,880 I want those 20 or 30 things that I can literally put up and see where the buy cell is okay see where I can put my stop is see how I can cancel it quickly and how I can move my order to a trailing stop whatever I want to do it very efficiently the problem was these platforms are built for the younger generation well everybody's younger than me well almost everybody okay anyway that's that's what the problem is now they finally got one that is built and it's it's not operable today hope it will be operational tomorrow and it doesn't make a difference someday this week it'll be ready to go and we'll be watching it so that's the one we're watching now also if you remember we were friendly to the hog market I want to get hogs up here because I was able to get a really nice honey-baked ham after for the holiday and able to enjoy it with our neighbors hold on here one second here where the piggies that they're up here there we go here we go here's the pigs and oh look at this the piggies came down today oh I didn't even see that son of a gun that's good oh good good good good good we're going to be buying hogs here for very close folks well there's a good idea where the trading platform didn't tell me about hogs I didn't have that on the trading platform so I didn't even notice that this was happening wow see we opened a little bit higher and then boy they just literally collapse hogs made new lows here which is not unusual so here's where we are there's the big a b c d oh we've made that get ready to buy the piggies boys and girls this is mother-garden country stuff there's your a b c d measures to one fifteen fifteen and we're trading there right now sixty five seventeen if you did it you got a profit of eight dollars and sixty cents let's take a little break eight seven seven nine two seven six six four eight stay tuned for the Dow Jones industrial average you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman and your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up 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 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 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 biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade l a b u or l a b d directions daily s and p biotech three times bull and bear ETFs visit direction investments dot com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal 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 NYSC American and TSX under the symbol VGZ okay folks I'm going to go through a couple of Dow stocks what I did was I picked out the triple digit dudes in the Dow you know Dow 30 there's 16 of them that are in triple digits this is a home depot you can see here our low on October 27th we went up and we took out the highs just like we took out the lows here we've taken out the highs there's not an ABCD here pattern folks this is just an expanding triangle that's all it is nothing more than that next one we're going to take a look at is Boeing Airlines get this up here for a second and I will put the daily chart on this because this was been a huge mover folks remember the Dow stocks are price weighted they're not cap weighted and you can see this is still in a pretty big downtrend here there was a 50% retracement and then we've rallied up to this level right here this is the daily so what we want to do is we want to measure it from the last high that was way back here there was your your head of your head and shoulders pattern and you bring it down to the low that it made right here you'll see the first correction back when exactly the 61% retracement and we haven't made it back to that level as of yet okay now let's take a look at one that is going to the wacko no not wacko when we're talking to the stratosphere hold on a second here here is Microsoft softy and you'll notice here that we made a top here on the 27th of November 28th of November and that was one up a month straight up made a 1.27 expansion and we've been going sideways for a month so it's a little bit of consolidation or distribution whatever you want to call it up into this level right here should we get below this this will tell us that yes this is a possibility this could be a pretty significant top but then we're not in the business of picking a top we're in the business of picking a pattern so if I had to pick one here I would blow this up like this and I can see that we do have a potential for a double ABCD pattern right here there's a BCD right there and then we've got another ABCD right behind a B there's a high on Friday's are basically the same I'll take the highest high and look where it comes in they come at the same price roughly within a dollar 379 ten dollars higher so I've got to put my limit mind or on here because if we get up there that will be a legitimate tradeable pattern for me because you got one ABCD pattern right there and you've got another ABCD pattern coming in right behind it coming in right there so that's what your sale is your risk is above here that's mother God and country folks that's what you got to look at ABCD's work part of the time but they don't work all of the time look at the bottom that we had right back here we had a nice bottom lower low by just a little bit you rally up you come down you go right up tell me these things don't work some of the time there's your high 383 that's what we're watching to see folks keep those things in mind because those are the ones that bring it to the promised land now let's get back into the pharmaceutical business because there's several of these here that are going wacko to the upside here is Johnson and Johnson we're going to put this up on a long term daily so you can see it because it also is lagging the market considerably now this is a daily chart okay now look we had a high here at 62 we're at 59 now so what we need to do is to find out if this is a significant ratio off of the high of course I wouldn't say that unless I thought it was exactly 618 let's see what it was nope it was 50% we did take out the highs of December but now we're trading below that the 160 so all we did was make that let's see what this was probably and there was a high here this might be 786 but I doubt it yeah there's it's exactly 786 off of this high right here okay and it's exactly roughly well it is exact 50% off of this high right back there so that's what we're that's what we're looking at this means that this should have been the end of this this might be the last little jump this is price weighted this is one of the reasons why the Dow jumped up so much because the low was 156 the high was 162 that's a big jump so let's remind ourselves of that when it's price weighted it's not cap weighted so you got to measure it differently now here's the one that's regards to the big money lenders going back to the Knights Templar from 1706 on Trescais Docaphobia the fear of the number 13 on what it was October the 13th of I think 2007 is when they ceased to exist let's get the monthly chart up here for there we go I didn't see monthly chart we are just going back the last pullback that we had here 2022 market still going in the sideways range from our high we've been setting right at the hasn't gotten above the 78% level since we started way back here we came close a few times but this is still leading the pack up and as of today's action let's just get this up today you'll see we've had a big move here today we had a lower low and then a higher high so we went back and taken out that high again so this is another reason why the Dow Jones is still going up look at this beautiful bottom though here on the 27th of October folks you'll see there is where we were right there and there's the big move up to the upside right here couple more to go through here we want to do a few of the oil stocks because these are the ones that are not getting very good responses considering the news that we have going you see the daily we were lower now we're higher on the day here wait a minute this is Chevron at 814 there's no way that ship that's the wrong symbol I doubt there's no way that's the right symbol no I got CHV I don't know what that is Chevron that's wrong sorry next question let's get back to another one here which was the where's another oil stock there was another oil stock I had it CVX thank you very much Michelle that was let's just get CVX here to make sure I do it the right way hold on a second here probably CV I got CV it's CVX CVX okay put that up here and you'll see that but this is not a very bullish stock for CHX I never was good in I was good in Cypher but I never did good with the with the letters the letters always gave me a lot of trouble so let's try it from the very beginning CVX there we go right here and you can see it's at 150 and it's barely making a 382 retracement of the look see this thing was making a high in October didn't do anything on the bottom here in October and now we're to 382 retracement from that of that so this oil stocks are not looking very good boys and girls look at that just barely at the 382 that's not a good sign is it I wouldn't think it would be and it's acting like that in the futures market too all right next one we want to look at everyone's favorite Mr. Appel who's down by the well got a down grade today by one of their favorite followers I don't know how much he's looking for it but we'll see what happens there's the get the daily out here to see where we are we're look at this gap down now folks that is not a bullish sign for Apple when it gaps down that much it did it here look and we went down from 185 we went all the way down to 166 so that it does bounce back but this is not a good sign here was the key right here let's go to the 60 minute I don't trade these things but this is what we like to see there's our there's our rally there you can see from your high right here down to your low where'd we go to boys and girls oh shut the front door 382 is what it'll do we'll be right back folks 877 97 66 48 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 247 newsletter at tfnn.com when you subscribe you'll get on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 7 newsletter today tfnn.com educating investors Are 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 recommendations delivered straight to your inbox whether you're a season 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 super charge 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 power of Tom O'Brien's award-winning newsletter market insights firsthand tfnn educating investors tfnn has launched the Tiger's Den hosted at Discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's Den available to all Tigers and Tigresses for just $1 for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com Don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch Tiger TV that's tfnn.com then hit watch Tiger TV Okay sir folks before I ever start to talk about a stock again I'm going to put a cautionary sign out the Mexican word for caution is Quidado means danger because folks I don't do stocks I I mean I really don't do stocks let me show you where the problem lies you'll notice here on this hourly chart you don't see a big gap do you but when you look at it on the daily chart you see here this huge gap right the reason is I have end of day data so this will not fill in till tonight because the high was actually right up in here about 1888 where 185 right now so you got to to remember that that's why we don't see later on it'll fill in whatever that high was but not on that hourly chart so when you see that and I quickly saw that that there was not that big of a gap in the apple that it dropped with good selling from 91 to 85 but still it is a move down and that's really the bottom line of what you're looking at right now let's quickly go back to our original program here and see where we are with some of these other things that we talked about just a little earlier especially the S&P and the crude oil and the natural gas and some of these others because this is where we want to be strategizing for what we want to be looking at you see the crude oil is still heading down okay the S&P how high did we get did we get any higher see the cattle is still up the S&P did not make it you see right there was your 382 it didn't quite get there it's down to 84 right now so that's still heading lower the gold is still the natural gas is still heading lower right here you see it's still coming down so we're looking at that remember coming down here at around 30 I believe the number was was it 30 something yeah right here at around 38 I believe was it no this level right here it's going to be right in here at the 7 8 6 of this number right here which would be at 41 so keep a sigh on that live every day in an attitude of gratitude may God bless Jeff huge our guest tomorrow and happy new year to everyone here and if you're not here happy new year anyway