 The following is a presentation of TFNN. The following is a presentation of TFNNN. The following is a presentation of TFNNN. The following is a presentation of TFNNN. I'm here with you a chart from said to us by our good friend Rich Anderson. It's a chart from one of the, what do you call these guys, these alpha hedge fund guys. And I took it off the list because I didn't want you to see who it was that way. You wouldn't be bothering them, but I did have permission to send it out. This is basically a chart of the cash S&P index. And what he's showing here is the negative divergence. You'll see with momentum. And then he's also pointing to the fact that there's very little fear in the market. We see that in the fact that the DAX has moved very, very little. But you do see the big ABCD pattern. That's in Elliott way form. Of course, a little different than the way we do it because we try to do it as simple as possible. But that number up there is that 1.618 level. And it's very, very important. So let's remember that there are a few things in the market that are telling that there could be some major topping up in here. The main one, of course, is the fact that we have these incredibly big patterns that we've seen over and over again that are matching up to these major numbers of 1.618 and 1.27 and all the others that we decide to keep a look at. And you notice we almost had that 4% correction that Tom Hougard talked about. We came within just 100 points of the Dow hitting that last Tuesday after being down Monday, Tuesday. And then we were very strong Wednesday and Thursday. And then Friday it blew the socks off of everything with the Dow being up 300 points. And a lot of that, of course, we know is related to algorithmic trading. Once they push it in one direction, it goes that way. This is not the way trading used to be, folks. We used to see ups and downs more and more where there would be choppiness. I mean, the patterns were still the same. But what we're seeing with these algorithmic trading things is that they are very, very influential for short periods of time. So once the train gets moving in the right direction, it's a pretty interesting situation so you can't stand in front of it. You have to remember that a lot of algorithmic traders don't always win. In fact, many of them don't. If you remember from Jim Simmons' comments that he's only right about 50% of the time. But boy, am I right on that 50%. So you can make money at 20% or even 10% if you handle your losses properly. And that's what most new traders don't do is they don't handle their losses properly. First of all, they trade too much and then they use their stops too close. That's the main thing. Someone asked me a question over the weekend in an email. If there was one thing that you had to say that made it worth doing to learn to be a trader and stuff like that, what would be the one attribute that you would have to have? And I really thought long and hard about it because it's just not one thing. It's a lot of different things. You have to have a belief in yourself. You have to have just a really strong desire to want to do that. So I came up with, after thinking of it for a while, the one thing, and that's the thing that kept me going was the commitment that I knew that once I saw that I could do it, even if it was just a short glimpse. And I had that luckily with the silver stuff back in 1964-65. But that was 1964, not 1864. But it's the commitment that you can do it. Because if you really have the commitment and you start to learn and stop making mistakes along the way, learn from your mistakes, the first mistake teaches, the second mistake kills. You want to stay away from those second mistakes. The ones that kill, the two major killers are adding to a losing position and not using a stop, followed closely by having no idea what your risk is on a trade. And that's the only thing that you can control. So if you stop doing the bad things, eventually you're going to stumble onto something that is going to help you make money in the markets. It's that simple. And I can tell you from all the years that I spent with my dear friend Mark Douglas, looking at all these statements that we had, I think over 20,000 people that we had looked at. We didn't know their names, but we knew their trading styles that Marilyn shared with Mark. And it showed that they make the same mistakes over and over again. They put their stops too close. They over-trade. They don't use a stop. I mean, no money management. I mean, huge losses, very small profits. If you stop doing that stuff, you're eventually going to make it. But it takes a little bit of time and you really want to do it. But I will tell you this with a great deal of conviction that when you do get there, it's really worth it because you don't have to worry about anybody signing the front of the paycheck for you anymore because you'll be the one that's going to be signing the front of the paychecks because you're working for yourself. You have tremendous freedom both ways, either good or bad. You work when you want to, how you want to. You'll meet some really nice people in the world. You'll meet a few frogs, as we know, but that happens in any business. But it's certainly worth the journey. So I certainly hope you stick with it if you're marginal right now. And I know the end of the year, people are looking and say, oh, dear, what am I going to do next year? But you can do it. One of the things that the reason why I do this show here at TFNN is because I really care for the O'Brien family, Tom and Tommy. I met them many years ago and I've seen what they do. They bring a lot of people in to give you some ideas. They have some really good products and they deserve your support. So I really believe that that's all part of it. You learn by doing that. We have some great guests here. I know on my show we do. And sometimes they'll give you some free stuff like we got the book from Tom Hougard, which anybody that doesn't get that book, they really are missing a good thing. But here's a really successful guy that's bearing his soul and taking a lot of heat for it, which is not a lot of fun. But get that book. It's Hello at TraderTom.com. And you'll be able to get that book. And I think it would help you quite a bit. We'll have Tom as our guest here on Friday when we have our usual guests. Tomorrow, of course, we have none other than the wizard of Naples, Florida, Mr. Norm Winsky from Astro10. He'll be on tomorrow. I think he's on the 11th. You know what? I think he's on the 11th. I'm sorry about that. Let's double-check it. 877-927-6648. Steve Dahl understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today and you'll find the Taz Profile Scanner under the Services tab. Sign up today. 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. From the price you should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at 727-329-8322 or email us at Tiger at TFNN.com. That's 727-329-8322. Call us today. Many of our new listeners have heard about the Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable moderated atmosphere. Hear all of the TFNN shows, all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com. We're live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com Educating investors. Call now. Toe free at 1-877-927-6648. Internationally at 727-873-7618. We're back folks and we've been asked to take a look at the sugar chart and I think the best way to do it is to look at the long term weekly here on sugar. If you notice the low we made back in August was around $9 a pound. We rallied up to $14 a pound and then we made a long term a whole year. It went from October of 2018 to October until September of 2019 it came down 78% you'll notice that 78% level came in there it went about 40 cents below that level about $400 and it since rallied well over $3,000. You can see the ABCD patterns with those red thunderbolts that you can see that were there during 2019. We've been talking about sugar from the bullish side ever since that time but the two things that I think are important here first of all if you look at the chart now you can see that we've been up seven weeks in a row that in itself would tell you that you're probably getting ready for some type of correction and I would think it would start somewhere between 1321 and 1360 and then look for a pullback. The key point here is if you look at the smaller thunderbolt that occurred from August low into the October low that exact 382 retracement the exact number 3782 that's 10 cents in sugar $100 and away it went and you can see it moved well over $1,200 in the last seven weeks so right now I would be watching sugar for a potential short sale up here around 1360 but also I would be looking for a little bit of a pullback because if you can get it down to about 1240 then you could maybe take it up to that $15 level it certainly looks like we're heading to $15 in sugar on the longer time frame so that's what I'm watching in the sugar market it trades very easily folks this is something that's good for learning how to trade because it doesn't hurt you too bad you'll have a few days where it might be a little crazy but most of the time you know it's not like trading natural gas and stuff like that because that's a whole different ballgame you got a lot of things to worry about if you're looking at that and since we're talking about natural gas let's get this up here to take a look at it here we'll be able to see yes the big week we're having the Federal Reserve the natural order of impeachment tariffs the IG report and of course the Trump tweets which are always interesting take a look here now folks at the natural gas here for Ruby here's a perfect example now this is a daily chart but you can see the ABCD patterns these thunderbolts and you can see the big one from August up into September down to October exactly up in there we were on this very very closely because of that 290 level that was a 382 retracement from way back in 2017 and what we do last night folks I haven't updated this yet but I am aware of it you'll see that last night you'll notice the low of 22.16 that was a 1.27 expansion of that whole move now that was hit last night it was down over 11 1100 bucks overnight we're trading around 223 right now I believe that's the last time I checked but it left a pretty big gap in here so that's going to be interesting to see that gap comes in and around the 227 level so this is not a time it's a very low risk buy here because if it gets below 216 you know you're certainly going to be looking at something a whole lot lower possibly a double bottom down to 204 that we've been at before but that was a big move to the downside and so it was probably news related some political thing and natural gas they certainly have natural gas all over Europe and stuff so there might have been some type of a law I don't know but that's I don't know if it's an exhaustion gap or not Marshall it certainly could be but for two reasons one of all first of all it comes in the middle of the night it started Sunday night that was around 4 or 5 o'clock in the afternoon New York time is when it started because the alerts went off and because I was watching the support at 227 to see if it was going to hold and it went through it you know like melted butter and that meant that the market was going to go a lot lower and of course it did you know through the rest of the night but it could be an exhaustion gap we won't know that until the end of the day today for two reasons that's when we'll check the open interest to see if there was too much going on but that's you know natural gas is good to trade but boy folks it's not for the faint of heart it's the pork bellies of the energy and that makes it pretty good Mr. Z has posted some really good stuff in the room about the copper and copper he's been very bullish that for some time and they give Mr. Z a wonderful Christmas present on Friday as copper was up about nine cents that was while Gold was heading into the heading towards the equator on the downside and you'll notice here that we had this potential ABCD pattern here in the copper and that's a very big one the reason why is that was just barely a 382 retracement at the 262 level we had a nice pullback at 262 and now we've rallied 13 cents here nine of it in one day but the objective of this could be 286 without too much without too much trouble so this is a big move in copper had a big increase in open interest so that's telling you that Dr. Copper is saying that the economy is looking good so we'll see oh Paul Volcker died son of a gun I'm very sorry to hear that I am thanks for posting that David gosh I liked him very much boy he was at my talk in the foundation for the study of cycles back in 1988 down in Orange County and it was a real pleasure to meet him six foot seven just to really know all the stuff is right there yeah a nice guy we owe this guy so much folks let me explain to you why when Carter put him in and remember Jimmy Carter not many people attribute him to doing too much but that was the one thing that Carter did is that when Volcker came in he made the decision that he was going to stop inflation we had T bond T bond selling at 13 percent we had T bills selling at 13 percent in other words a T bond nowadays is selling for what 160 roughly they were selling for 53 that was the 8% bond and you know it was and not let me look at just to give you an example they in during that time in 1980 you could buy tax free triple a muni bonds tax free triple a muni bonds for 17 percent tax free that means if you're in a 50% tax bracket you're getting 34% in those bonds the problem was they were callable and then only lasted for a very short period of time well Volcker put the kibosh on that the first thing he did is he changed how they measured inflation he really did he changed well let me say we're going to take out food and energy because that really doesn't matter to inflation and little by little we're going to change the big thing that helped Volcker was in 1982 on August the 9th that is when the bond market finally bottom and from there it's been going up ever since that was that third when we topped a couple years ago so it was up 34 years before top so this is it we'll be right back 877 927 6648 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more information just click the think or swim banner on the front page of TFNN dot com okay folks I posted the chart of April hogs up here for a couple of different reasons first of all you'll see we had that ABCD come down at the 78% level that happened last week you notice we had a very meager rally we went from 72 bucks a pound up to 76 we're trading a little below that right now 73-70 as of Friday's close but that's a very very shallow rally coming off of a 78% level this is going to be really key to this week folks because if we go below 72 cents in the hog market this has got some real serious movement to the downside because they're still having problems with this swine flu over in China if you can believe anything coming out of any of these markets and when I'm beginning to think that being a technician is a real godsend but this shallow rally usually means that you're either going to get another test down here at 72 or you're going to break it because if that was a major low down there at 72 you should have gone more than you know just a few cents that's what happened in August when you had the major low you rallied from 68 you know all the way up to 80 you rallied 8 cents look at the rally back in September you know you went living up one day and so this is telling you that maybe this cycle low is not good but it still could be as long as we stay above 72 that's the way we look at it from a technical basis I hope that helps but that's the way I'm looking at the hog market I don't trade hogs very often I do that's what I look at now we had a couple of requests to take a look at charts and one of course is the bitcoin we want to get it up here and take a look at it oh Marshall you have no idea about the heavy thunderstorms in Tucson Marshall they were shaking the house at one o'clock in the morning and then again this morning at around four and I'm you know usually I'm awake during those hours but I have finally broken I believe my sleep problem of not being able to sleep and now I'm sleeping 7 and 8 hours I slept 9 hours last night and that is very very unusual for me and the reasoning is that they found out that I had a vitamin D deficiency and once I started to take some of this vitamin D it certainly helped my sleeping quite a bit so I hope it's on I don't feel a whole lot well I feel more refreshed of course but I'm not used to sleeping that long I'm only getting about half the stuff done that I'd like to get done so but I'm doing better but I'm surprised because this morning at four we were having another big storm coming through there were two of them but it was really really heavy I mean it was not only heavy rain but very very heavy thunder with just a tiny bit of lightning but it was very very powerful that's very unusual here in December we get some in February and a lot during the monsoon season that's during June July August and September we rain every day but just a short period of time okay let's move on here to take a look at a couple of things that I showed the Bitcoin I believe that Bitcoin is still going to be working lower I'm not sure whether these cryptocurrencies have a future but I think that they do because you know I talk every day at least an hour a day with John Jameson and he certainly thinks that they do and so we're keeping an eye on some of these in case one of them pops up that looks like it has a really good chance we have four or five of them in the on the horizon to look at but not right now they haven't moved very much so when they start to move with a little bit of volatility I'll bring it forward to you and let you take a look at it now another someone that's asked a question over the weekend and I had one of my good friends from Haka send me a really nice chart we'll get this up here and take a look at it this happens to be the Nikkei you'll notice that we've completed a massive ABCD pattern up there at $23,800 and I don't know if it's going to measure down there to $18,600 but we should have a pretty good correction from this no matter what remember folks that the Nikkei topped on the Christmas Eve excuse me New Year's Eve December 29th of 1989 at $39,800 it didn't quite get to $40,000 and from $40,000 it went all the way down bottoming in 2001 I believe at around early 2001 2003 somewhere in that ballpark it bottomed at roughly I believe $6,700 is where it finally bottomed and it's been way higher yet we haven't even made major 61% retracements in the Nikkei during that time and of course the Nikkei is controlled by the Japanese government now because they buy almost all the stuff that comes out if that's possible but that's how they do it so anyway that's what we're taking a look at this morning I wanted to share with you one other chart that I think will be relatively important and if I can find it oh here it comes just a second here we'll get it right up here it's going to be one of the old Fang stocks I want to get this up here this is the big the big daddy rabbit of all the Fang stocks this is Apple you'll see we're almost at the 1.27 expansion of that move that was up around that comes in around 271 or something like that we got to 271 this is a weekly chart two folks so some time up in here now I thought that around the 245 to 250 level that we were going to see a top in Apple and they said I'm going to teach you a lesson on this one because we are going to go higher and of course it kept going higher that week closing at 250 and that's when you knew you don't have to risk more than a few dollars when they go beyond these points like if you're looking at Apple at 272 at 276 you're wrong and stop and think you're only risking four dollars on a $270 stock that's the whole purpose of these patterns folks the ABCDs the Gardleys the butterflies the 135 patterns you know all of those the three drive to a top three drive to a bottom all of those are based on risk control it's not trying to predict the top or anything like that those are based on risk control parameters that you can say yes there's a pattern here but maybe it's going to work and maybe it's not and you can do it without being right a whole lot I mean Tom is an incredibly success Tom who guards incredibly successful trading he's only right 30% of the time you know and 50% you can do good so you know those are some of the things that you have to learn but there again you got to get to that old thing commitment because you got to learn to do this and you know it's not an easy business but like Mark Douglas said trading is simple but it's not easy so those are very good David what is this comment you made those above 6 feet 5 living past 80 is that true are there statistics on that because I know Bill Russell is a lot older than that he's 7 foot tall really wow David when you get a chance send me those stats because I'm 6 foot 4 and 3 quarter so I guess I'm oh wait that's my width sorry about that I got that wrong David send me those stats on that I'll post them in the room if you get a chance David because I would really like to to see those stats of living people that are very tall because well I still have some I don't have anybody that tall as friends but anyway that's that's very interesting hmm I didn't know that statistic of this is the same true of left handed people oh well yeah yeah go to a retirement home and see how many big guys are there hey Jay I can make it easier than that let's go to the retirement home and see how many how many men are there there are very very few of them because women outlive us you know quite a bit so and they should okay let's move on here to a couple other things that I wanted to mention here we'll take a little break 877 927-6648 If you're in the CD market and looking for a secure investment the Tiger First Mortgage Program may work for you the security for these first mortgages of the opportunity zone in St. Petersburg, Florida The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four-year CD rate of 3.1% would give you income per year or $6,200 over the four-year period that same $50,000 investment in the Tiger First Mortgage Program would give you $3,500 per year or $14,000 over the four years what should you prefer $6,200 or $14,000 of interest on your investment if you'd like more information about the Tiger First Mortgage Program you can call me at 877-518-9190 that's 877-518-9190 If you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for Tom O'Brien's Gold Report The summer is over gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5% Tom O'Brien has been writing his weekly gold report for almost 18 years there's no one that knows more about how the gold market trades and how gold mining equities react new subscribers get a 30-day money back guarantee so you have nothing to lose Gold Report with coverage of gold, silver bonds, the XAU HUI, GDX, the dollar as well as more than 30 different mining equities As of September 3rd, Gold Report subscribers have 5 active open positions with an average unrealized profit of almost 38% for each position to see for yourself the types of profitable trades that are recommended within the Gold Report, sign up today by visiting TFNN.com Will the S&P 500 continue to climb for bold trades on US large cap stocks in either direction trade SPXL SPUU or SPXS Directions daily S&P 500, bull and bear leveraged ETFs Direction leveraged ETFs An investor should carefully consider a fund's investment objective risks, charges and expenses before investing. A fund's prospectus and summary prospectus contain this and other information about direction shares. To obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit Direction Investments.com A fund's prospectus and 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 for side fund services, LLC The Bull Bear Trading Hour with Tom and Tommy O'Brien Next Folks, I posted the chart of the most well, the two bearish ones. The Amazon looks bearish, very bearish and also the fang stock of Netflix looks very very bearish. Both of those of those five fang stocks are the ones that look the most bearish, but Netflix is certainly bearish. Google's still looking bullish because we made a double top but here's one that I think that if you like patterns and I do and here we are in the Christmas season where Amazon should be absolutely blowing the socks off everything and it isn't. Let's just get this chart up because this will show you a really interesting chart. Let's get this up here and then we'll get to the ones I know that you want to hear about. You'll see here that this particular move that we're seeing here, we've had the ABCD structure making all it could do from the July high during this whole time was make a 382 retracement up there at 18 and a quarter. We're now down $75 $17.51 anything below 17 and a quarter says that this thing could actually get down to $1,500 and that's just a 78% retracement of the low from December. I'm just giving you the charts as we see it, but that's what we're looking at. Let's see what is that, what's going on? Okay, it says basketball players in the NBA have a 12 year less life expectancy than the average male. Does that, well that means almost all those players are bigger than 6'5". I imagine the average height well, let's not get into that stuff. Thank you very for posting this David because I think it's David, I don't know how you do it. Actually I know they call you Super Dave Oh my gosh, I've never seen anybody with such an access of information that comes to your fingertips like this, David. I'm just absolutely, totally impressed so that's it. Holy moly guacamole Anyway, that's what's going on here. Okay, I think a lot of longevity is based in DNA. My great grandmother lived to be 103. My grandfathers were in their 90s and my parents died young people with heavy smokers. But I had a lot of longevity on my side so hopefully I got a few more a few more rounds around the trace track but we'll see how that's going. Okay, let's move on to the next one here the old bell shaped curve, you got that right. All right, let's move on to one other one that I wanted to show you someone's asked a question about and that was the Google. You'll notice here that we went up and we've made new highs now with these big gaps. We had one on Tuesday and we had another one on Friday so we're up to that ABCD pattern it finally completed that big ABCD pattern completed at 1340 in the Google if in fact this ABCD is correct and I'm not even sure that it is but that's what we're watching. So far this morning we're having had a little bit of a rally here we got back to 3147 in the S&P we had a really strong rally here in the NASDAQ just a few minutes ago we went from AD 8380 all the way up to AD 42340 so that's having a pretty good run so those are a few of them we're looking at this morning here the bonds are still up but they've sold off quite a bit so we're going to be able to see if that in fact is going to be something that is going to be interesting for these things as we look at the natural gas let's get you a quick update here on the natural gas I'm going to do this to show you what we're looking at here in natural gas this is the AI artificial intelligence program that we use to try to find these highs and lows for the day you'll notice that we're looking for a potential bottom that could have come in here at around the 221 level and what I would do if I were looking at natural gas and I am is I would look at the time of 2016 there on the bottom that's that time frame we're right around 946 right now but looking around 1115 you'll see that down move watch that down move folks because what we try to do is when we're looking at this is we know that this should be a key time it's based on the time vibration has nothing to do with price those red lines that you see folks have zero to do with price nothing at all they're all related to time and it's a vibration and from music and stuff like that but watch that time at 1116 because if this is good we should be either making a low or a high at that time now if it's making a high this thing is going to be inverted and then you'll have to expect it the other way but this is just today just for an experiment we'll watch this at 1116 tomorrow we'll bring it up to date just to see how it did and then we'll we'll move on from that level but we should be probably making some new lows down here at around 1116 remember we left a huge gap here let's see if we can show that gap here this morning yes we can let's just get this up here to show you the big gap and you'll see that 1.27 level that we were watching here hold on one second there we get this up here there you'll see that there's the gap that we had you can see that we've really done very little we went from 216 up to 225 you know we rally well it's 900 bucks but now we're trading at 221 so you want to be watching that to see if it's going to see if it's going to mean anything or not so that's what we're keeping an eye on this morning as we look at these things and we had another request for taking a look at one of our favorite commodities and if you'll give me a second I'll get it up here and take a look at it and that is the corn we'll get the old corn up here and we'll take a look at that and we are what I believe and remember now folks we're supposed to this is what's really hilarious is because we are supposed to be talking about hold on one second here this is not a good thing to do I hit the wrong button and we've got the let's get there we go get this up here here's the corn we're down we hit the 78 percent retracement a week a week about 10 days ago we're down there again around 376 if we go below 376 folks that's not going to be good that means we're going to be looking at a double bottom or lower at a 365 now remember this is happening at the same time this is happening at the same time that we're going to be watching at the uh uh this I just I lost lost my train of thought this is happening at the same time when these tariff things are supposed to be coming uh you know do on Friday now if they're really close to a deal these people I think these uh these folks would know this stuff these farmers and they're they're not they're not getting any help so this is not telling us that these things in China and I believe me I don't believe anything that these people tell us I mean remember eight weeks ago uh they told us that this is all done yeah we're all ready to go and look where we've been eight weeks I'm up and down up and down up and down who knows now we've got the FOMC meeting coming in this week too between the 10th and 11th so all of that is going to be really interesting folks I want to make a little comment here uh we are coming into an area we've been up for 10 years folks we started on March the 5th of 2009 we're in the 10th year of the biggest bull market in the history of the stock market someday it's going to turn down and uh I hope that we're going to be ready for it I've got some things in the plan for 2000 and uh 20 that I think you're going to be like it's going to be related to uh you know pattern recognition of course and artificial intelligence no fundamentals and all involved at all but it'll be based on some low risk entries and stuff the things that I'm watching and it'll be more aggressive I believe part of the factor that we I've worked out looking at Tom's work and I've really followed what he's done over the past couple of years looking at the patterns and stuff and I can see where his big uh his big wins have come from and I really think that we can utilize that in buying some very very low risk uh trading opportunities so we want to keep that in mind so uh that's it let's get right back to work here after we take a little break 877-927-6648 I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most expensive trade that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 months is the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that is transforming into one of the best and what I do sign up for mastering probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative up-to-date affordable and must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks bonds metals commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors since 1984 Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls and thus was born the Chapman Wave sequence using the Chapman Wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com is brought to you by Think or Swim for more information just click the Think or Swim banner on the front page of TFNN.com Okay folks I've posted the chart for the gold as it was Friday you'll notice that that 78% level that closed at 1464.50 78% level was at 1464 the low last night on Sunday was 1463.80 and we've rallied about $8 off of that low as long as we can stand above that gold we got a chance but below that folks it's got a really big chance to make that big ABCD pattern all the way down at 13.80 that would be down $180 from the high which would represent the strongest correction we've had in this three year old bull market I would be a strong buyer down there if we ever get to that price but this is where we stand in the gold market also if you take the 24.7 newsletter take a look at the chart of platinum it's actually holding up relatively well much higher than those lows and also that silver really broke down below the lows of November the 8th and of course we didn't follow through over on the downside I don't know if it was related to gold or not but silver still looks like it wants to drop another 70 cents to the downside the key level to watch today in the gold market so we get above the 14.73 level that would be the first indication that you've got a chance to see the market move a little bit a little bit higher but right now it's in a bearish formation mainly because of that 382 ABCD pattern that completed last week that we highlighted that so many times at 14.90 because it was 61% retracement 38% retracement and it took two weeks to form it so that was really a strong indication that that was going to be an intermediate high and so far that has been the case any move above 14.90 folks would certainly take this last target that we're looking at down at 13.80 and throw it into the wind because that means that this thing would be going a lot higher remember folks we topped back in September we were down three months well we're down through September, October, November we're down three months and this is a pretty big correction long term but we've only backed off 100 bucks so 120 877-927-6648 see you on the flip side