 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. Larry Pezzavento. Okay, looking good, Billy Ray feeling good, Lewis. We're going to start to show like we usually do, looking at the German Dax and the FTSE. And as you can see, these markets have been under some pressure, especially the German Dax. I mean, that's got hit pretty hard and I think part of it's due to their way that they shut everything down. But heck, what do I know? Anyway, let's keep in mind that's what's going on over there. Now, a couple of things have happened here overnight, folks. One is, to me, extremely important. And we can all learn a really good message from this. This happens to be the chart of the natural gas. And boy, I was so prepared to buy that puppy today at 3.99 at everything going for it. And look what it did. This blue line there where it says important support, folks, that's a 618 on a weekly chart. I mean, this is a big time. And then we gap down. We gap down well over $1500. And of course, I wait to see what the opening is going to be. I didn't know what the indication was or anything, but to see that go down. Now, there's a great lesson to be learned here, folks. Go back and look at the high up there at 6.5. I mean, they were talking about $12 and $14 natural gas at that level. And now we're in the midst of a winter, which is the seasonal time for natural gas. Gasoline prices, heating oil prices have gone up. Of course, they've backed off a lot recently, but you just can't listen to the news. It's just not, well, you can, but I'll tell you, I paid my dues on that fraternity house. I'm done with that one. I'm not going to listen to those news folks. I just don't care what's going on. Now there's a couple of things that are extremely important from those of you that are in tech cryptocurrencies. Let's get this up here because, you know, how we feel about standard deviation here, folks. It's a very, very important tool and it works on any single market. And this is what's important about this. If you notice here, we're down 22% in the Bitcoin stuff, folks. Now we are at three standard deviations down there at 42,000 folks. If we go below 42,000, which is right at that 44,000, 42,000 level, 43,000. If we go below that and if we go below that, that's when real trouble starts. And I really think they're going to get it because they got so many of these, you know, baseball, reverse baseball cap guys out there like we've seen before and other things and they don't know what bear markets can actually do. And I would think it would set up and John Jameson agrees with me on this. It would probably set up one of the best buying opportunities that we're going to see in cryptos. And cryptos are here to say, folks, it's not about cryptocurrencies. It's about blockchains. It's about reinventing the Internet. And that's what the whole thing is all about. So we want to pay very, very close attention to that. And since we were on the topic of standard deviations, I wanted to bring these were the ones that were in the newsletter this week because they were so important from our standpoint of showing you the importance of this. But here is the one for the crude oil. You'll notice now that that low that we made down there when we made the three drive to a bottom pattern. That was actually 30 cents away from the standard deviation of the week below the main. As you can see, it just spot on there. And the other thing about the crude oil that was really important we'll bring this up to you right here to let you take a look at it. Because it was something that didn't quite get there. It might yet and the pattern would still be good. But if you look at this crude oil, you can see the three drive to a bottom pattern. Now what's happened now? That's where that second standard deviation came in. But if you'll notice here that we had a possibility of a head and shoulders pattern down here at 6,500. We only got the 6,560. And of course now we've gone up. We've almost got the 6880 or something like that from this level. But if you were following the 382 principle like we usually like to when markets really explode and go to the upside. This was a really good example. I'll let you do the homework yourself on that one because it's a real interesting to watch though. To me, those are the most important things to watch this week because if we go below 42,000 in the Bitcoin folks. I think that's going to cause a panic over there. Because when markets go beyond three standard deviations, something is really, really wrong. And you don't want to mess with that. That's something that you don't want to mess with for sure. And we'll cover a little bit more of that here in just a second. But that's the key thing. And the next thing is why did natural gas get down so low? Now this market is extremely sold out. We're in a really strong seasonal. So I am looking for a place to try to pick a bottom here in the natural gas. My original bottom after that gap down was at 366. I don't know if it broke 366 yet or not today. I believe we're right about there now. Yeah, we're right at 366 right now. And I haven't put an order in or anything, but that's the area that I wanted to be a buyer of. That's a key thing to watch anyway from what I'm looking at as far as the. And that's a long-term weekly pattern with some support. All I do now folks is I'll go down to a smaller timeframe down to 15 minutes. And I can see if the market will give me some indication that that would be a good place. And right now looking at this, there is no place on that chart that says I can, well, I can. I can just buy it at 366 and put a $4 stop on it. I could certainly do that. But frankly, I'm going to wait just a tiny little bit here. Where are we at? We're at 367. The low has been what? 364. I could probably buy it. Yeah, I think I will. I think I'll buy it here. Well, it's already 366. It's moved a buck and a half since we talked. Anyway, I'll just pass for it. I got other things that have been going along. Folks, if there was ever a market that was scheduled to go up, this week, folks, it had to be the stock market. Let's just take a look. I'll do the NASDAQ first and then we'll do the Dow Jones. I mean, this had so many things going positive for it today. Look at this. Look at the move in the NASDAQ folks during September and October. That drop, that was equal to what we just did this morning. And you can see the beautiful ABCD pattern 50% level. ABCD, you know, absolutely spot on. Now, you go back about a month or so ago, we had a gentleman over there in Hong Kong that was getting out of all of his Tesla stock at 1199. If you'll remember, that was George. And thank you, George, for the case of champagne. Anyway, let's take a look at this here. That was a joke, folks. Anyway, look at the Tesla. You'll notice here that we are making an ABCD in Tesla today. I think we've already rallied $50 from the D point. But that was a 382. Okay, it's right into where that gap was way back there at $900. The low today, I believe was 949. I believe something like that, 942, whatever it was. So that should be it. If you believe in ABCDs and 382, that is a very, very positive sign for Tesla. That's a first major, you know, ABCD. We've seen this in a long time. By the same token, if it fails and if it fails, not so good. 877-927-6648. 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 in 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. What's separating you from the most successful men and women on Wall Street? That's right. Information. 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At TFNN, you'll get advice and guidance from the authority in technical market analysis and it's not just dry tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV. Live every market day from 8.30 am to 4.00 pm 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. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. Okay, folks, I posted the chart of the volatility index. I don't follow this. I look at it occasionally because I don't trade it at all, but I know it's an indicator of fair and green and increased volatility. As you can see, the breakout levels that we've had, we haven't had much of a move considering, you know, the fact of where the market is. Well, the next chart that I want to send to you is to me, one of the most important that I've seen in a long time. I've double checked on this to make sure that it is correct. It's from the Bank of America. And you notice here is what it's saying is that the inflow into equities over the last 19, the last two years, has equaled everything combined in the last 19 years. I imagine a lot of that is because so many people were home and, you know, they opened so many accounts with Robin Hood and everything else. I can understand that, but folks, that's the one that you should really be afraid of because this is like the shoe shine boys were in 1929, giving, you know, advice to Bernard Baruch when he was getting his shoe shine and also Jesse Livermore. Just be really careful up in here, folks. That's all I can, that's all I can, you know, try to tell you what I see anyway. I, you know, hey, I'm just a charter, so I'm just telling you like it is, but I'm pretty good at this. So be really careful up in here. Now we've had that when we were looking at the stock market. I did show you the NASDAQ. I also wanted to show you the Dow Jones. It was already had made a bottom and the Dow Jones had been the weakest. And now you see we went right down to the 78% level. Their last Wednesday and you can see what's happened so far today. We've already, I haven't even updated this, but we should get at least up to the 61% retracement up there at 35,300. That would be the goal that I would be looking at for this. Now the NASDAQ is again lagging very badly, but that's to be expected because these stocks went incredibly higher than they usually do. Look at this chart that we got from our good friend, Rich Anderson. He forwarded it on to me and I think it really shows you, this shows you the top chart there because this is the U.S. equity, how it's outperformed the rest of the world, folks. Look at that. Well, we should, we've got a pretty good stock market. And then look at these fang stocks. Now this is the one on the bottom is the earnings. You can see here that the S&P earnings are trailing the fang earnings, which they should because fangs have been the big winner. Look at the right hand value, the market value, the upper right hand chart up in the right corner. You'll notice, look at that. If you take out the fang stocks, the six fang stocks out of the 500 S&P, giving them 494 stocks, look what that looks like. I mean, that's just, it's really amazing how these stocks have done it. This is similar to what happened in the dot-com bubble in 2000. All these different stocks coming out. But now, you know, we've got these things are weighted so much that you've got to be, you got to be really careful when you're looking at some of these things. It's very, very important. Now, back to the important things. I had a question from one of our listeners. What were my two most embarrassing moments on the Chicago Mercantile Exchange when I was there from 82 to 85? Very simple. It was the second or third, maybe the fifth week I'd been there. I cleared through Lynn Waldock. I got there early every morning, at least an hour early to get all the information I could from the charts to what I was going to trade for the day. I worked out of Barry Lynn's office. He had a beautiful office up there where traders would come and sit down. We had all the facilities that we needed. We could see the floor. Everything was really, of course, our orders had to be done by phone up until then in 83. That all changed when we got the desktop computers. That's what we were looking at. Anyway, what I was doing every morning when I would get in, each exchange, Mercantile and then also the Board of Trade, they put out the equity runs every morning for the traders. The runners go down to the printing room and they take these sheets up to the traders and pass them out on the floor or in the office wherever they wanted to pick them up so everybody had one. So I'm there in the morning and I put them sheets and I said, wow, I said, I'm going to give a lot of sheets out today. I said, no, that's just one trader. There was about five inches thick. I said, you're telling me that's one trader's positions? He said, yes. I said, I'll give you a hundred dollars if you let me look at it. He said, for a hundred dollars, he said, you can have it. And so he gave it to me. I put it in my briefcase, took it up to Lynn Waldox room in the office and he said, how come you're looking at Bill Shepard's equity run? And I said, oh, I was so embarrassed. I said, yeah, I said, I didn't know who it was. I said, I just wanted to see, you know, what kind of positions and where he put them on. And he said, you know, that's pretty personal stuff. I said, yeah, I know I made a really bad mistake but I didn't think. I said, I just wanted to see what it was like and he said, I haven't looked at it. I said, it's here in my briefcase but he's no clearing firm. So he's the biggest trader down there who worked cowboy boots, the nicest guy. And I walked up and I came into his office and I was, oh, I felt so terrible. And he smiled at me and he said, well, you know what? He said, I've been doing this for a long time down here and no one's ever asked to see my equity run. And I said, why did you want to see it? And I said, I just wanted to see the style of trading that you had. I said, I'd never seen an equity run that big before. He said, well, I'm a large position trader. Well, I had the thing in my briefcase so I go back home that night and I went through that thing like a fine tooth comb and oh my God, the position. The British pound was trading at about two and a quarter and he had pound positions on from two years ago. He was rolling over from 550. He had over $55 million profit just in the British pound and there were about a whole bunch of other ones in there but boy, he was a huge trader but that was one of the worst ones. But I think that actually the worst one was I was trading. I was short a couple of pork bellies. It was in January of 83. I'm pretty sure I was at January of 83. I had been there a year. I was short two pork bellies. So someone's asking me a question here. Let's double check here. We have Michael from the wonderful country of Canada on the line. Michael, how are you doing? Well, Larry, how are you? Wonderful. What can I do for you? Yeah. I'm worried about military conflict in Eastern Europe. I'm just curious. Would you have a chart on the Russian rubble? No, sir, I would not. You have one on Turkish lira, right? Well, let me tell you that was sent to me by somebody, Mike. I don't know. I don't know. I trade the big six so I don't look. Hey, don't worry about the conflict. I mean, that they that's that. Listen, don't worry about that. Russia is not not a problem anymore. What they're doing is meandering against political things that are going on here in the United States. They see weakness. It's like blood in the water and that's what they're doing. They're over there messing around again. And they still believe that Ukraine belongs to them. And that's not going to happen anymore. Those those countries are already split up. So don't don't enlist in the foreign leagues or anything because they don't need you. OK, all right. So you don't have a chart. You can't have a chart tomorrow, maybe tomorrow. I tomorrow, Mike, I am going to get you a Russian ruble chart if you have to go to Moscow to get it. But I'll have one for you tomorrow. OK, thank you. I don't even know if it's actively traded or not. I actually really don't know that. Hey, we'll be right back with the wolf trader himself, Shane Smolian. So we'll be right back. Stay with us, folks. Are you having fun trading the markets with all-minded individuals to discuss your trading and investment ideas with? Become an Apex predator in the trading markets and join the Tiger's Den trading room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live during their shows. 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Check out our new software and educational webinars for all trading levels and make sure you check out Tiger TV for free on tfnn.com or tfnn's YouTube channel for live financial content from 8.30 a.m. to 4.00 p.m. Eastern on market days. Stop watching on the sidelines while other people get rich and become the investor you were born to be. tfnn Educating investors. tfnn is excited about tfnn in collaboration with Tom O'Brien and using his best-selling book The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program The Art of Timing the Trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs, ABCs, butterflies and much more. The Art of Timing the Trade charts is designed to help you spend days, weeks or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade charts today by visiting tfnn.com This segment is brought to you by The Art of Timing the Trade charts. For more information just click the thinkorswim banner on the front page of tfnn.com Okay folks with a little luck and a few prayers. I think we might have the wolf man himself on the line. Wolf trader, Shane Smollion, how are you doing my friend? Is this Duke and Duke? You got it baby. 100 South Broad Street, Philadelphia, Pennsylvania. Listen my friend, let me ask you a pretty good success. Is this, oh my God virus, as bad as everyone says it is or what are you feeling? Well first of all let me compliment you on your story about the exchange you're purchasing those orders. So basically what you're saying is you were the first computer paper hacker basically. Is that what you're saying? I was one embarrassed puppy. I remember that. Actually I became friends with these guys, an old cowboy from Texas. But I was on panels with him during the money shows that they had in the early 2000 and we were laughing and joking about it. But I was still the only person that ever asked to see that he knew of that actually looked to see what the equity run was. So anyway, that was I guess that was your equivalent of hacking. So that's basically it. I regretted it. Okay, Omicron. Here's what we know about Omicron. I'm going to talk about the Omicron effect. We talked about this on Saturday in detail. These are some things that I see coming into the picture or possibly coming into the picture. Omicron is a variance that has multiple mutations. It's very contagious. It appears that it is more mild at this point. One thing that is out about it is it seems like it's a little more infectious among children. But we still need to wait. We really don't know yet. The infection rate in South Africa effectively doubled in a very short period of time. So it will be here in six to eight weeks. So we will see some people feel that if it's mild, it will create more herd immunity. That could be a good thing in the long run. But I think it's going to have different subplots and affect different people at different times. So we will have to see. But I do want to start out with some headlines here that I think are important. First of all, the Federal Reserve, this taper is in effect and we've been talking about this and I think it's going to create a lot of headwinds for equities. It is likely now at the meeting where we've already doubled the rate of previous tapers. It was already faster than previous tapers. So now we're going to double it again. So this might put the timeline to end from late June into March somewhere into there. So this was a picture of the taper here. This was originally what it looked like. It was supposed to end at the end of the month for the market. So we need to pay attention to this. This is a big Fed meeting coming up next week and that's going to probably accelerate the selling in the S&P as we look forward here. Evergrande is back into the picture again here. This has not gone away. The headlines are coming back up here. This is from December 6th that they're on the brink of default. This is just something that we need to watch also. Now just jumping into something here the big runs people have asked me about this. The fast fed big runs is a system that we have and I had been offering it mainly for the futures here but we are expanding out now into ETFs. So we do have the fast fed big runs for the spy and Apple now. So this would be for S&P members and also for stock ETF members. This is coming online. I just thought I would throw that in there because people were asking me about this. So we are expanding that out. Jumping to another headline here Bitcoin. This is a big story right now. We've been on top of this. Bitcoin has lost 17% in 24 hours and I felt very strongly that this was going to occur. We have these new cycles that we're looking at. We were able to pick the hottest cycle at any given period of time. This is a snapshot of what we had forecasted here. This was back into going back through October and November here. We felt very strongly that this hottest cycle was going to be declining and Bitcoin has followed this down. We do have this new hottest cycle for crypto, gold and the S&P and so far it's following all of the markets beautifully on the long term. This is a longer term cycle that we have. But I wanted to point that out because I think it's telling that we're getting into a situation here of concern. People are getting nervous. They're fleeing the crypto. We're seeing where the resolve is here. Gold is holding up relatively well but still I think even gold is at risk here. I think we could be a risk of a multi-market route coming up here in the short term. The risk is high but the Bitcoin was a big one I wanted to talk about because I think this is a telling story in terms of investor resolve. Getting back to the Omicron here, this is an actual chart here of the cases. Now notice that we had been plateauing here. This was recently like last month. So we really never came down as low as we did in May because of the delta variants. So there was already a problem here before Omicron. So people want to pretend like it's gone. It's not gone. Delta's still here. We're at a plateau. There are hospitals, ICUs that are full. Michigan is at the fullest it's been since the pandemic started. So as much as people are sick of COVID, it's still a problem. We're coming into the winter months and Omicron is will likely be here. So that's going to complicate the situation even if it's a mild case. It will likely complicate the situation. So I don't think we're quite done yet. And if you go back and study a lot of these pandemics, they last for about five years. I mean, they go through all of these waves and sub waves. So hopefully if this is a milder case, hopefully that would would help the herd immunity. But we just don't know yet. But I do want to point out that we were not out of the woods before Omicron and now Omicron is coming. So it's not over. So I would just tell people to be careful about that. Now Omicron, I believe this is a confounding variable for the bear market. I truly believe we began this bear market in July the 6th due to the Fed internals. I've been saying this. Omicron is just helping people realize it. It's serving as a trigger for the crumbling Fed internals. Larry, you remember, I came on your show on the 24th of November talking about how the selling would come unexpectedly. It would come suddenly. And I didn't know that it would come on that Black Friday. But when you're in a bear market, that's what happens. You don't see this type of selling in bull markets. Typically, bull markets are low volatility. And so what was the excuse in September? There was no Omicron and it took the Fed. It took a heroic effort from the Fed to turn the markets around. But the Fed's pulling back now and the taper is doubling. So that's important. So we can't ignore that. The next one here, the Fed, we're in a completely different situation this time around. So we cannot compare what's going on now to what happened in March of 2020, or during the first round of COVID. The Fed has to get this inflation under control. And the interest rate is a problem because for those people who like to study the dollar is the reserve currency and the petro dollar and all of this, a lot of that depends upon interest rates. And so we'll get back to this after the break. We'll take a little break, folks, 877-927-6648. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate, LLC, is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. 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One more one more thing I wanted to point out about Omicron and I didn't point this out before and I'm reading the research coming out of South Africa because they're you know as people come into the hospitals they get research it okay natural infection does not protect you against Omicron so if you've had if you've had COVID and you don't have a vaccine you can get Omicron which is weird at least that's what they're saying so I just wanted to point that out so each variant gives you different subplots here now getting back to the Fed here the Fed has to get inflation under control so I think they need to at least be competitive with the rest of the world some banks are raising rates so I think the Fed feels like they need to get this under control paper and raise rates sooner but I wouldn't assume that even if we get to a high level the Fed is going to get the same as the first one a lot of times you get diminishing returns you have all these expectations remember last time Larry in March of 2020 I was bullish because I saw what the Fed was doing I mean this time I'm bearish because I see what the Fed is doing and then also the public is souring over inflation I mean people people are getting sick because everybody thinks that this is great all the stimulus but there is a price to pay for this something to put out there in the background now lockdowns this has been this was going on before Omicron so Germany Australia Austria were already locking down before Omicron you see these countries they're going to be finding people who don't have vaccines so this is likely to expand and I do want to say this so mail-in voting could become a thing again so this takes time okay so if you're a state or local regional municipality you have to plan this out ahead of time you can't just say we're going to do mail-in voting in the last week so this stuff needs to start happening months ahead so that could be coming into the picture so I just wanted to point that out this is then another one political cover I think Omicron is a positive but if the markets come down then they can say well you know it was the virus it wasn't our policy and the Fed can take cover from this too because the taper is going to have headwinds right but now this comes in and creates this whole clouded effect and say well you know it was Omicron and the Fed this gives them the ability to reload they can show that they're non-political by tapering and raising and sinking markets tame inflation I mean lockdowns reduce demand and sinking markets pull back commodity prices they pull back equity prices so this could be a positive for both President Biden and the Fed so something to keep in mind and then getting into the concept again you know are there going to be more lockdowns here in the US is there going to be more mail in voting these are both possibilities we don't know yet so and again the fact that you can get the fact that if you just have natural immunity now that opens a whole new population to get it too so it is a complicated but these are just some things now this is something that's interesting I pointed this out this is talking about long only hedge funds now Omicron fuel this is a headline Omicron fuel volatility deals hedge funds the worst monthly return since March of 2020 now think about this this is a microscopic decline compared to March of 2020 but because as you pointed out Larry the leverage is so high that any little tilt in the markets causes this huge swings in volatility and I find it interesting that most hedge funds are down this is just more of the article but most of them were down in November so my question is this is and this is a serious question why are hedge funds still long bias only in 2021 Larry you know that you're always taking long short trades all of the time to balance out so why are these funds still long only and I think there's two basic reasons here one of them is because the Fed has bailed out the funds so the whole time since 2009 it's kind of like game theory you know these are the most intelligent people in the world running these funds right so why would they expose themselves like this well because they feel based upon game theory what if the Fed doesn't I mean what if the Fed really does pull back this time these long only funds even if you have really good companies you can't overcome a bear market so it's difficult it's also difficult to develop long and short systems so this is one of the things we try to do here we try to create long and short portfolio so I'm just going to show you an example this is a portfolio that we have using different systems that we run from the the Fed use to to the double lunar cycle this is a portfolio of eight different symbols that we run here using Fed use double optimized lunar cycle and you can see this is long this is long short alternations and you can see that you have a much better chance this is a delta neutral strategy versus trying to be long all the time in funds so if you're if you're long all the time if the bear market does come tough I mean it's I mean you can have good companies like Apple's doing pretty good right now there's certain companies that are holding up but ultimately in the long run if you do get a really really big drawdown you can't be long all the time you just can't it's just you got to have the whole point of the hedge fund the whole the whole reason this name came out is because it was supposed to hedge against long positions and so Bitcoin I have some I have some bonds and that's my hedge okay what did crypto do what if gold goes down so I feel very strongly that a long short delta neutral portfolio is a better strategy especially in volatile times like we're seeing now and what we saw at Bitcoin I mean Bitcoin likely has more downside and gold is holding up but that's there there's no given that it will so we got we got to be real careful here and so that's just you know one thing that that I want to point out and I'm going to show you another slide here this is this is Bill Bill Ackman who this man made $2.6 billion in the pandemic I mean obviously he's a very intelligent investor but the problem the problem that I see here is he believes that this could be bullish for stocks but my thing is that you know if the Fed was doing what they were doing in March of 2020 I would agree with him not doing what they were doing in 2020 it's a completely different situation and again I was bullish in 2020 it's still there the tweet is still up I came on your show Larry and talked about that multiple times but the Fed is going back now so from what I can see it's impossible for this market to rally without the Fed when there's no Fed there's no rally so that's just kind of what I see here now the S&P summary I'm just going to go over very briefly here what I talked about on your show this was from November 24th this was Wednesday Black Friday meltdown but I was talking about how look I felt like we're in a bear market and the evidence was that the bluff what I called the bluff when the market went up there in September, October it was over the Fed taper is here and now it's double it's going to be cumulative and the Fed internals are sinking so to me that's evidence that's the only thing that I focus on the main thing I focus on cycles too and other things but in terms of the Fed that's what I focus on that's what steers the markets we talk a lot on these shows everybody comes on with their different forecasts and their cycles and you have some excellent guests here some really intelligent guests come on we'll talk about this we'll get back we're going to take it we'll be right back for Shane Snowley and WolfTrader.com 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 at TFNN you'll get advice and guidance from the authority and technical market analysis 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for four years paying 7% per year or $7,000 per 100,000 invested your investment is secured by high value real estate in St. Petersburg, Florida your investment can be anywhere from 100,000 to 500,000 do you want to make 1,000 per year on 100,000 invested or 7,000 per year on a secured target first mortgage the target first mortgage program may be just the program for you the target first mortgage program pays 7% per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 okay we're back folks we're talking about Mr. Smollion wolftrader.com Mr. Smollion I have a question for you if the folks want to take a sample of your newsletter or get in touch with you how would they reach you sure you can reach me at wolftraderfutures.com and I will show you right here how to reach me here so it's going to be wolftraderfutures.com or fedjuice.com you can head on over there for a seven day free trial on any of our services and like I said we are adding the fast fed big runs now which is swing it's our flagship swing trading system we've had it for platinum members but it is offered now for the spy and also Apple on different services so check it out there it's not a money back guarantee you just don't get charged for seven days you just get to try it out for seven days so you don't have to worry about that try it for seven days and you would get a full month's newsletter of all of these these forecasts so yeah if you have any questions you can also chat me over there so yeah so check it out I think it's worth your time at least show up to we do webinars pretty much every Saturday talking about different themes each week is a little bit different we have a question sure the solar eclipse that we had on Saturday I guess are the effects of that over now or does it stay for a few days well okay let's talk that's a great question so solar eclipses okay lunar eclipses tend to be negative this one was big it was negative at the top solar eclipses tend to be positive they're a much lighter effect the problem that we have this month is you see normally okay if we were in December and we had a solar eclipse I would say wow that's really bullish because positive seasons the problem is there's so much heavy negative stuff coming this month I mean it is a packed month of negative aspects that I think that's gonna override the solar eclipse I personally feel that we have a lot of issues here going forward so in a normal context I would say it's mildly bullish but because the back end of the month it's just loaded I mean we got the Venus retrograde coming up we've got the Saturn Uranus square the transits are gonna start dipping there's so much going on and I give very specific dates to subscribers that that could overwrite it now anyway we'll get to that on another show we'll have you on again in a few weeks my friend and happy holidays to you and thanks for joining us live every day in an attitude to gratitude and may God bless and we'll see you on the flipside tomorrow