 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, we're going to take a look at Crudo. We're talking about it before we left. This is where the games played, folks. This is Yankee Stadium, the bottom of the ninth, and batter up. You'll notice that it hit the 50% retracement a couple days ago. We're rallied up to the 382 and now it's down at the 61% retracement at 7168. The low has been 7159. I bought it at 7168. I risked it 30 cents on that. So if it gets to 7138, I'm history and $30 goes into the old, I guess it's called the revenue sharing thing at the Chicago Mercantile Exchange, but I'm not going to risk more than 30 cents on that. This is a contract that's worth $71400. So that's what I'm watching. Now we have a special request from our good friend Steve in Austin, Texas. Wanted to ask us about, guess what, natural gas. And if anybody has any more natural gas than me, I don't know what I mean. Hold on one second here. I actually have two barbecues in my backyard. So that's how I know. All right, here's what we're looking at. We had the big three drive to a bottom down here at that 194. Okay, we bought it. We ended up breaking even on that. There was a chance to buy it back on the first pull back. I was traveling at that time. You notice that we've completed a perfect ABCD here. Now this has gone over two weeks and we have really strong support. I haven't checked the market yet today, but there's strong support setting right there at that 61% retracement. And if that can hold, then we've got a chance for a much more selective market to the upside in the natural gas. Folks, natural gas over in Europe is so off the charts for cost. Well, you just don't even want to think about it. Not only that, but there are doctors and nurses are on strike. So if you're going to die, you better die in transit, because if you get there, you're not going to get any help. Hard to believe that that happens. Okay, what we're going to do now is we're going to take a trip over across the pond. And we're going to take a look at first. We're going to take a look at the footsie. This is the London market, which is basically all foreign stocks, really banks and pharmaceutical companies and things like that. But you can see the patterns are the same. This is the big drop. But we didn't draw in the ABCDs on the web because it was too early in the morning, but you see you had a perfect retracement up here at the top. And we could easily break out to the upside, but we also had that same type of movement to the downside that we had here yesterday. So that told you whatever cycle that was in, it was probably going to happen. And if we looked at it on the 60 minute, which has all the patterns drawn into us by a good friend, Mr. Allen Smith, over there in the UK, you'll see that there is your 135 pattern. You can see that perfectly, the ABCDs all the way down. This is a butterfly bottom, as you can see right here. And you write up, you had several different ratios right in there. You had your 78% from here and your 38% from there. And that's why you're starting to get sell-offs in some of these things. But it's still a bit early, but we've got some pretty big movements going on as we go through some of these charts here today. Now we want to do Germany next and just bring this up. Hold on one second. This is the next one. And when we get done with this, I want to do some foreign exchange stuff because that's where the game is played many times. See the ABCD pattern right here, this beautiful guardly pattern here. Then we had to move up, perfect ABCD, and now we've rolled over for one day. But this has been a pretty substantially more bullish chart than the FTSE. And you notice we did go up and make new highs during that run. And that could easily mean that we could turn around and go even higher. So that's the main thing that we're trying to focus on as we're watching this here today on the DAX. Now we need to move over and look at it on the hourly basis too. And you'll be able to see that you have some wah-held swings in the DAX. These are the kind that probably drive our good friend, Tom Hougard, over to the Funny Farm. And because look at this straight, you go straight down, straight up, straight down. Now this is a perfect ABCD folks. This is what you live and breathe for. This is exactly what we're seeing in the crude oil right now. There's your A, B, C, D coming in, then you have the huge rally up, the pull back down, the rally back up. This market looks like it's not done going up, is what it looks like, because it retraces it too quickly. So that doesn't mean the top can't come in in the next 20 minutes, but it's certainly come back too quickly. Look, it was supposed to go very strongly from here, which it did, but then you have the huge sell-off and then the rally back up. That's very difficult to trade when you have those wah-held swings like that. And that's why you have to use stop placement when you're playing with these mark-well investing, intelligent risk exposures, we like to call it with these things. So that's the main thing that you're trying to realize that you've got to be able to come in and just realize that you don't know what's going to happen next and you don't need to know what's going to happen next. All you have to realize is that you have a limitation. If you ever, like any of the Clint Eastwood movies and I like all of them, especially Harry Callahan, the man has no limitations and that's what you have to realize. You got to be at the first mistake teaches, the second mistake kills. And I always think of that when I put on a trade, do you feel lucky today, punk? Well, do you? Well, that's what you have to realize. This is nothing to do with luck, folks. This has to do with trade preparation and responsibility for taking the trade and when you're wrong, get the hell out of dodge. That's all you got to do. That's the main thing. I wanted to bring this one chart again that our friend Jeff over in New Jersey brought to us because it looks like this is where we're headed in the, we just made a new low here. We bought the, we brought wheat today at 6-11. We're risking 10 cents on that. But there is a possibility of this larger, there's a 3-8-2 here. This larger ABCD could be in this area. But what we're doing is we're focusing on this section right in here because this is right at the 78% level. So we're focusing around that level. That doesn't mean this can't make it, but this tells us that we do have a chance, slight one, however it might it be, but we'll have to wait and see. We did have, from yesterday, we rallied 25 cents, well, actually 16 cents, and then it gave it all back and dropped back again. Tonight, I haven't checked the prices recently to see where it is, but it is below that right now. It's trading at, it's trading at 6-08. So that's another reason to think that it's, you know, under a little bit of a pressure too. So that's what's happening in the wheat. So that most probably is going to be a, well, we bought it at 6-11, and it's trading at 6-09. So it's not even close to the stop, but it's going to be closing here pretty soon. And then we have to worry about it, but that's what stops are for. You put them in, move to the next one. We've had some really good one, folks. This was a monster that we had last night. I wanted to explain this because when I send out the videos on this, some people, they don't, especially new folks, the folks that have been with me for years, they know what I say by the first 3-8-2 retracement here in Bonds, because this was a monster ABCD right here. Just wiped out all the people for the last two weeks. It took out the low by two ticks and didn't go down. And then by the time I saw that, I said, uh-oh, buy the first 3-8-2. Look at that. A beautiful ABCD right here at $2,000 move. It's still going up. So that's the kind you want to be looking. Let's take a break. 877-927-6648, Billy Ray Valentine, Kepercorn. 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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Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today, and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN Educating Investors. $727-873-7618 Okay, folks, I just checked in. Crude oil is now under water by $180. I bought it at $68. I just saw it at $50. So my stop is at $38. I'm leaving that in. I'm willing to risk $30, $300 to see if I'm right or not. Now, I don't like being wrong, but I'm wrong often, but never in doubt. So I put that stop in, and we're going to take a look at it when it gets hit. They'll let me know. I'll hear the little beeper go off and not worry about it, but we've had a good day so far. Now, I posted the chart of the wheat. Now, the reason why I do that is, when I was in Las Vegas, I focused. I had a full house. I was very happy with the many people we did. They even gave me a standing ovation, which doesn't happen very often. Both people stood up and shook my hand. Now, we had a nice crowd. Anyway, this is what I wanted to talk to them about, is I'm going to send them ABCD patterns. I did it in the Apple when it was making the high, did it today in Microsoft, and I did it today in wheat. Now, today in wheat, we were looking to buy it at 6.11. We got to 6.11, and we rallied up to 6.21. Well, at 6.21, I sent out another little chart saying we're going to move our stop to break even because that was just about the total amount of risk that we were going to take on the whole thing. So that's what I decided to do. I send out a little chart, I save them right here, so that we can keep a record of what's going on, and you'll be able to see it and get up here. Where are we, boys and girls? Here we go. And this is what I do when I do the day trading stuff, is to see the stuff go through. And anyway, there's where we had a nice rally, got up here to 6.21. Now, it's come down, and it's made a new low. It's got as low as I think 6.08 or something like that, which is in the ballpark. Folks, do you realize in June of last year, you're talking nine months ago, wheat was trading for $13.40 of bushel. It was limit up bid. The whole world wanted the wheat because, you know, the Crimea was going to be toast. It was going to be a nuclear settlement. And now we are less than half, 50% haircut on your bagels and pasta and all the other stuff. And they can't even give it away at $6 a bushel. Now, something's wrong with this program, folks. I trade the charts. That's all I'm doing. But we're going to be paying attention to it more and more. My good friend Rich Anderson told me that most of this is weather related. The weather is fabulous all over the world for growing conditions. And the demand has slowed because China has stopped buying corn and a few things like that, pushing the prices even lower. But that's the way things go. You can't do too much with that. So anyway, that's what we're paying attention to. We're going to go on to another one here. I've already talked about what happened yesterday in the stock market with that ABCD pattern and things like that. But there were other things going on with that that were quite important. And I would bring a couple of these up here to show you because when we do the weekly newsletter, we always put these in to let the folks know that we were looking at a potential serious type pattern. And if you notice here in the letter on Sunday, we were talking about this very substantial 135 pattern coming up in here. And we went right up to this line right here, folks, was the high. And then, of course, it's rolled over, well, 600, 700 points since that time. And if we ever get above this line again, look out, I'll go long because that means we're going to go a whole lot higher. But until that happens, it looks like this has been a pretty good high that came in yesterday. How long it's going to wait there to be that level? Not quite sure. But you know what, folks? Nobody else does either. And that's the whole key. The main one is the fact that this one, and you can see what happened to the Russell today, but Russell couldn't even rally on Monday with the rest of the things going. And now Russell is down just getting ready to take out new lows. We've already taken that low out. So it looks like we're going to go down. But look at this, folks. The Russell here, over a period of three and a half weeks, hit the exact 382 of this high way back here, hit it one, two, three times exactly and couldn't get above it. This is when we're making new highs in the Dow Jones, new highs in the Nasdaq, and new highs in the S&P. So the Russell 2000, the smaller companies that have a hard time borrowing money when things are tough, they're having a rough time right now. And then we also showed that transportation index. That was another one. And I'm not repeating myself here for no reason at all because these are things at the market. If you're a technician, you're looking for things that are telltale signs that, hey, maybe there's something different about this. Maybe what they're telling us is not the way things are. But look at this. This is where they're moving goods and airlines and stuff like that. I mean, hello, operator. There's something wrong with this picture. That's all I was saying. And then when you get this beautiful ABCD pattern that we had in the S&P with a three drive to a top pattern, like we had in the Dow Jones, it's telling you, yeah, take a little nibble at it. Now, what we had done, we'd been shorting the Russell at the 382 because you want to sell the weakest buy the strongest, sell the weakest. That's what you want to do. So those are the things that we're paying attention here today. So all I know is that it's not about how much money you make, folks. It's about how much money you don't lose. And that's it. And it looks like my old crude oil came back and almost in profit now, which is actually pretty good. So let's move on here to the next one that we want to be watching. Hold on one second. And that is this natural gas. I want to bring this up again for Steve because I haven't updated it. And I want to do that before I'm not going to be able to do it because we've got Jeff coming on the line here a little bit. But between the time before Jeff comes on, I will update this natural gas to see how well we made this support, in fact, if we did. Because you can see we're right at the 382 today. So if this was really good, this thing took off. But the way that we're looking with the other parts of the energy complex, my guess is that it does look that good. And so when I'm finished here with these next few minutes and before Jeff gets on, I will repost this natural gas contract to see how it's looking. And from then, we're going to find out whether it's going to hold up to these levels or not. But that's what we're watching. So anyway, the stop on the crude oil is $71.38. Last price I just checked, it was $71.60. Still only down $80, but that's better than being down $200. The stop is still there. $71.38. If you're going to come and get it, come and get it soon because I won't wait very long. We're going to take a break here. I think we got much time ago. We've got a whole minute left. We have a minute. Let's just do the old natural. Oh, now we're starting to go down. This is not going to be long. And then in the crude oil, folks, it just dropped 20 points. So let's get this up for the old natural gas for our good friend Steve over there in Austin, Texas at the Onion Creek Country Club. And yep, she's coming down pretty good, but she's still very, very close to the support. In fact, we are sitting on that support right now, almost. Holy moly, guacamole. Let me get this up here. Even a blind hog picks up an acorn every once in a while. And this is certainly one of those. We'll get this window up here. And you'll see this is what's happened. We've come down. And we're almost at the 61% retracement, which is right there. It should have been put up a little bit more, but the mouse slipped. But there's a 61% retracement right there. And so we'll be paying attention. But there's your ABCD perfectly right on the money, right at the 50%, and then backing off. Take a break. Mr. Jeff huge of Alpha Insights will be joining us shortly. So we'll be right back. 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. Live on TFNN.com and TFNN's YouTube channel with Tiger TV. Live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com. TFNN Educating Investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Okay, we're back folks talking with Jeff Hughes of Alpha Insights. Jeff, Rich Anderson told me you just got back from Israel. That's true. I was there for about 10 days. Wow, on vacation? Well, I was on a Holy Land pilgrimage, walking in the footsteps of Jesus. Wow, totally awesome. Yeah, I've been there several times and I didn't go to do the pilgrimage because they wouldn't allow me to do that being Italian. I had to go to the one with Pancho's pilot, but anyway, I love the country because it's so doggone safe. Everybody there carries a new seat. Anyway, let's talk about this. That is true. They've leveled the playing field. Yes, they should have. Anyway, behold the 2023 bull market, the mystery of mysteries. What are we looking at, Jeff? You know, Larry, I've been surprised how excited people are about this bull market this year. You know, there's been a lot of fanfare about the NASDAQ, which is up 20%. But if you take those top seven stocks out of the index, the other 493 stocks are actually negative for the year through the end of April. And in fact, we ran a study looking at the NASDAQ or looking at the S&P 500 equally weighted, and we see that it's only up 2.66% in the first four months of the year. That's the average for any start to a year. We looked back at data provided by your Denny research, and we just add up the average return for January, February, March, and April. It's 2.6% going back to 1928 on average. And we also decided, well, let's look at a little bit broader swath of stocks. We took the value line Geometric, which is a very, very broad group of stocks. I think 1,800 or 1,600 stocks equally weighted. That was up 2.59%. So the stock market's up 2.6%. It's been an average move for the first four months of the year. Nothing spectacular unless you own Tesla and Nvidia and Apple and Microsoft. Yeah, those have been the big ones. I saw that Microsoft actually made new highs today, which is sort of surprising considering the market it sold off so much yesterday. Let's take a look at this next- Recovery high. Yeah, not a new all-time high. Yeah, oh, sure, recovery high. Yeah, well, I must remember I'm a futures trader. Anything past a week, I have no interest. Anyway, internals are getting a little negative here. You want to explain to the folks what you're watching? Absolutely. You know, we take the S&P 500 on an equally weighted basis and we gauge the market's breadth and net advances, advances minus declineers. We also look at the momentum and the net advancing volume. And the thing that we've noticed recently, just using the five-week moving average of net advancing issues is that we put in a lower high when we made that to April of 18 pie in the S&P 500. And so that lower high to us suggests that there's a negative divergence in breadth. We also see the same thing occurring in momentum, looking at the equally weighted S&P 500 index. The five-week RSI oscillator made a much lower high at April versus its January-February highs and in fact is now trading below the median line. So that is a bearish regime. So we've got a bearish regime in market breadth. We've got a bearish regime in momentum. And then when we look at net advancing volumes, that's up volume divided by down volume. We're at less than one right now. It's 0.89 and the five-week moving average has actually made a much lower high recently at about three versus the high that it made on February 2nd at nine. And so that again poses a negative divergence and here's the thing. These negative divergences tend to occur at major turning points in the market. And we think that we're there right now. Okay, well, the market's acting like it could be, that's for sure. Now, the next one we're going to be talking about is tell the folks about the tail risk. Yeah, so there's something that the CBOE, the options in markets put together and it's called the skew index. And the skew index basically measures the amount of options that are betting on a black swan event. And so tail risk, if you will, is growing and very high right now relative to history. To put it in perspective, normal would be 100 on the index. We don't even see 100 listed on the right-hand side, right? Because over the last year and change, two years actually, we haven't been anywhere near normal. In fact, we set a record high in June of 2021. And while that tail risk has been coming off, we had a cycle low back in November at around 110, it's been rising pretty sharply. And since Silicon Valley Bank was taken out last March, mid-March, we saw a big breakout in the skew index above that downtrend. And that suggests that options traders are now betting more heavily on a black swan event, possibly a government debt default or a major, major bank collapse or potentially more systemic sort of banking risk. But today's action following the First Republic takeover yesterday was a breakout to a new recovery high in that skew index, which suggests that tail risk is very high now and growing. Wow. That's really, when I look at this stuff and I think about these folks that own this stock was $230 in January of last year. And now it's worth $1.17 this morning. I mean, some time between $230 and $10, you'd think, gee, maybe something's wrong with the management. And the same thing with the Silicon Valley Bank and the same thing with the New York Signature Bank. And I mean, they're just one after another. And some of these Bitcoin things, I mean, my goodness, I mean, there's got to be a point where you say, well, maybe something's not right with the picture, but the picture in the U.S., they still love it. And I think that's a good thing. Let's take a look at one other one here, Jeff. And then move over just a second here. Oh, Jeff, what did you, of all the things that you saw in Israel, what did you like the best? Oh, gosh, where do I begin? There's so many ancient ruins. I mean, we were in the city of Jericho, which is actually in the West Bank. And right on the Jordan River. And it's the oldest city in the world. It's 7,000 years old. And some of the ruins that we saw there were just unbelievable. I mean, they were, they blew my mind, I have to say. You've got to see it to believe it. Yeah, I know it's, it was really spectacular. I, some of the, when I, when you say, when anyway, you have to, you have to go there. Well, if you don't have to go there, but it is an incredible place to go. That's for sure the great deal of history behind it. And when you see it, if it, you don't get, if you don't get goosebumps, something's wrong. Go see a doctor because it, it literally really, it's, it's, whether you're Christian or Jewish or, and I've been to Riyadh, I've been to, you know, to see the place for Muslim where Mohammed was and everything, but nothing like what happened with Israel. But I was, you know, Catholic, raised Catholic. So it's certainly special, especially at the Temple on the Mount. Anyway, let's talk about the fixed index diverging positively again. Hey, after this break, we've got to pay some bills, shut the front door and raise the rent. We'll be right back with Jeff Hughes, Alpha Insights. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. 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We've been counting the wave pattern really since the beginning of this bear market in January of 2022. And we thought that in June of 2022, the market put in its primary wave one low. And one of the reasons we think that is because that is the low for the Russell 2000. A lot of people don't realize that the Russell 2000 did not make a low or low in October. But believe it or not, the Russell 2000 is only 94 handles away from a two-year low right now. And so it continues to be one of the most bearish indexes. And so for that reason, we think that the S&P probably put in its primary wave one low in June of 2022, which means that we rallied into that August 16 high. And that was primary wave two. Well, since that time, we saw a decline into October, which we think is intermediate wave one of primary wave three down. And the rally, which again was an ABC, three clear wave rally into the February high, was intermediate wave two. And since that time, we dropped in five waves again, which we think is minor wave one of intermediate wave three of primary wave three. And the rally since then fell short of that February second high. And it again was three waves up, very clear. It topped yesterday and reversed sharply lower. We believe a breakdown below 4,050 will confirm this. And from that point, we expect the market to accelerate sharply lower, hard down into the late May 50 day cycle low, which is slated to bottom somewhere between May 22 and May 24. And we think that that will carry the S&P 500 index to a new low for the bear market. And the plunge, Larry, could be significant. We think it could carry well down into the low 3,000, possibly into the high 2,000 before we start to catch a bid. Yeah, when they move down, they sort of move down because fear is a greater emotion than greed, that's for sure. Jeff, I have a question on the Russell. You understand fundamentals. I don't understand them at all. But why would the Russell index be the weakest? Do you have any thoughts on that? Someone's asked me that question. And my guess is it's just smaller companies. I don't know. Is there a reasoning behind that? Well, that's true. The two reasons, number one, I think the evidence is building for a recession this year. And smaller companies are going to be hit harder by the recession. But I would also say that the Russell 2,000 has the highest exposure to banks and REAPs. And especially commercial property is really an area of extreme risk. You may have heard that Charlie Munger, Warren Buffett's partner, recently pointed to commercial real estate loans as being kind of the real potential black hole in bank balance sheets. And that could be where the next surprise emerges from. But that's the problem with the Russell 2,000. There's a lot of small cap banks. There's something like 4,000 banks in the US and of the publicly traded banks, the vast majority of them are in the Russell 2,000. OK, that's a good enough answer for me. Let's move on to the next one. And we'll be, boy, this goes fast. I really enjoy the charts that you have, Jeff. I mean, it's really cool. Now, we've got a time here for a little commercial. So let's just bring your newsletter up and tell the folks it's up to $12 a month, folks. I mean, wow, that's $144 a year. If you don't get the $144 in the first month, you're going to be surprised. This got more information than any newsletter I've ever seen. Go ahead, please give us a heads up. You know, Larry, we've been writing this. This will be our 21st issue on Saturday, May 6th, which is the next scheduled publication date. We do publish it once a month. About a 20-page document tends to have about 25 to 30 charts in there. We address top-down macroeconomic concerns. We look at various relationships within the market, and then we lay out our forecasts for the market. And we don't pull any punches, as you can imagine. There's a lot of opinions in there that we make very, very clear what we think is going to happen. And based on the cover of last month, you can see that we're not exactly bullish. We think the sharks are gunning for the bulls at this point. And they may be right on their heels. At this juncture, we think it's a really good value. You could sign up and get it delivered for free, but we only give you a free preview of the first four or five pages. And then after that, if you want to read the rest, you can decide whether you want to pay $20 a month, or you can save 40% by buying an annual subscription, which is only $144. And to your point, there's a lot of information packed in this over a 12-month period. And not to mention the fact that we also send our page inscribers a weekly top actionable trade idea every Wednesday. And it also has updated market analysis as well. So it kind of tells you how we're seeing the market evolve over the course of the month. And we give you a few trading ideas as well. And there's a few other perks for paid subscribers as well. OK, repeat again, Jeff. Let me get the first page up so the folks can get the where they can reach you. And then you'll be able to tell the folks your website information, and then also your email address so that they can see all that together at the same time. Unfortunately, I hit a blank page. Sure, well, I'll just tell you that you can access the newsletter and subscribe to have it delivered your email box at hugeinsights.substack.com. And if you have any problems with that, you can also go to my website, which is www.jwhinvestment.com. And there's a tab for the newsletter there as well. Or you can just follow us on Twitter at alpha underscore insights. And we also have a link to the newsletter on that as well. So all three of those areas will get you to the newsletter if you want to take a closer look. And we encourage you to do so. We're looking forward to publishing the next issue on Saturday, May 6. Listen, my friend, we'll have you on again in a couple of weeks. Keep the bright light shining over there in Minneapolis and stay on the green side of the grass. You're a real gem. Thanks, Larry. It's always a pleasure doing it on your show. You bet. It's a joy to have you here. That's for sure, folks. Jeff, you're Jeff Alpha Insights. OK, let's get back to the nitty gritty. And we are going to be talking about the crude oil. And let's see if we are still in the crude oil. I haven't seen anything different here recently. So the last price I'm showing is, well, where is it? Shut the front door and raise the rent. It is at $71.80. So it's actually held the low. Oh, my goodness, it missed the stop by two ticks. Holy moly guacamole. Got stocks rallying good again. We were almost, well, I don't know if we're going to get unchanged on the day, but we've certainly made it back to the 38% retracement again, which in itself is usually a very strong resistance. In fact, since we're doing that, and it's happening as we speak, let's just get the old chart up so everybody can be looking at the same thing. And we'll get it up here. Not quite, but we're going to point from the high down to the low. And you're going to see there's our 382 retracement again. Only take me one second to bring this up. And this will tell us how much we're going to get. Missed market's been hit very badly. But again, the S&P stopped at the 61% retracement. The Dow Jones stopped at the 78% retracement. And it's rallied almost, well, it has rallied 300 points. Oh, no, excuse me, 250 points in the Dow Jones. And well over 34 points, 35 points in the Dow S&P, and we're setting right at the. 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Catch Tom O'Brien, professional trader and educator, founder of TFNN. Also a special guest on CNBC. Tom will bisect and dissect the markets. The Tom O'Brien Show. Next on TFNN. Okay, there's a few minutes to go. I wanna go through the crude oil trade one more time, folks. This is an ABCD pattern. This is a garlic. You see, the 50% was hit. We rallied to a grand. Now we're down here. We hit the 61% retracement. They have equal waiting, folks. You can see the A, B, CD pattern coming in right here. So we've had a little bit of a rally right now. It's in our favor. It's like taking your sister to the dance. It's always fun, but the music might be different. But we're right at that level. The stop still remains at 71.38. Now the next one I wanted to talk to you about because that's probably gonna be coming very, very soon, most probably tomorrow. And that is the, there it is right here. Hold on. This is the natural gas for our good friend, Steve. Always kind enough to call in, but we're gonna take a look at it right here. Ship it over to Austin, Texas so we can take a look at it. But we are gonna be down right here to 61% retracement probably today, tonight, or tomorrow. We wanna be watching it right there. This doesn't have the ABCD structure like the crude oil does, but that is a place where if it hits that level, it could be a good, it could be a good buy. It may be a bad buy, but one thing is you'll put a stop in and you won't have to worry about it at all. But we are very close. We're only three points away from that in the natural gas. There was your ABCD, you see? So we pulled back and that's gonna make this a one, three, five pattern. And they work about 70% of the time and boy, when they're right, they're working. Look, you saw the one in the bonds shut the front door, that thing's up over $2,000 today. Well, boys and girls, we're gonna see on the flip side tomorrow. We'll have Stan Harley as our guest. So live every day in an attitude of gratitude and may God bless.