 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay looking good feeling good Lewis welcome to the offices of Duke and Duke 100 South Broad Street Philadelphia, Pennsylvania 1 9 1 4 7 sorry to hear that mr. Oh my goodness I can't believe that I've lost such an incredible football coach I mean it's just amazing the Miami Dolphins folks Diane Shula passed away yesterday at the age of 90 He was a perfect model for everyone folks. He was a good man in every single respect He was a great coach great father And he was just really really a wonderful human being got to meet him one time Anyway, let's move on here and I have an announcement to make today We're going to have dr. David Paul is going to be our guest at 9 30 and also folks on Mark your calendars on June 13th I am going to be doing a webinar for the money show used to be on the money show Every year for about 15 years and I quit doing it because I don't like to travel too much for just two days So I don't really do it much. Well, I don't do it anymore And I would like to mention that the money show started back in 99 folks in California Two of my students Jim Sugarman and Tim Berkman Jim was a He was a he was a marketing guy for a Software company and Tim was a sergeant in the Los Angeles police and they had been my students and they decided to do a Money show type thing in California in a little city outside of California out by Bakers not by Bakersfield out by Claremont and so I went there and They said would you you know be one of our speakers and I said sure I said, what are we doing? So we're gonna have some people there and you know would like to have you give us a talk We'll give you an hour and I said, okay great. I'll come over and so I go over and I'm wearing a polo shirt and Bermuda shorts I think it's gonna be like 20 or 30 people There were there were thousands of people there and CNBC Had had just started. Yeah, they had just started I believe they had someone there and Bloomberg had someone there And they interviewed me and of course luckily they only did a Upper shot that didn't see that I was wearing a Bermuda shorts, but from that that's what happened and then then what's really interesting The reason I'm bringing this to your attention to show you how this thing grew in Remember at 9 11 that was in 01 right well in February of 02 that was the big show the February show in New York at the marquee marquee The marquee in Times Square Marriott marquee now that was the big show and what happened was because it was all you know so very close to Ground zero that the money show and also the hotel Gave Jim and Tim the option of not to doing the show So they wouldn't lose any money because it was such a gonna be such a you know probably poorly done and Jim and Tim said no We're gonna roll the dice. We think we're gonna get a lot of support And folks you wouldn't believe it you couldn't you couldn't fall down in the place It was that crowded it was there where I met Tom O'Brien And so that's a all long time long long time ago. Holy cow Okay All right, let's move on here and get to the market as you can see Okay I have to tell you another story someone's saying here when black ties optional always go with the tucks that way you're you're never underdressed This was about oh 1990 1994 I was a black tie 1994 I was Going to China to speak in 1995 I was going to China to speak for the first time and I went through Thailand because I had been have had trouble with My TMJ my jaws were just locking up on me. It was really bad. I tried everything And one of my friends said go over there to what pole where the blind masseuses are and they'll you know work on you And in a matter of time you're you're gonna be fine. I did that for three days I mean I've never it's never bothered me since it was the most amazing thing So but while I was there one of our friends here Kelly in Virginia They were friends of the royal family and they it was it was New Year's Eve And I was invited to a New Year's Eve party and they said oh, it's very casual You know, this is this is Thailand. So we're very casual So I show up and I'm just wearing a little sports shirt colorful sports shirt Tommy Mahoma and slacks and everybody's black tie and Well, anyway, it was really great worked out fine. So I'm always underdressed. I guess so we'll see let's get to the markets As you can see I posted a chart for the Dax you notice It's just made a 382 retracement The move down the big move down now we've exceeded that 382 retracement in the S&P and also in the In the Dow Jones both of those have already exceeded that retracement But if you look here at what we're watching here now in the footsie, you'll so this is the one we looked at yesterday You know, this has worked out pretty nicely that ABCD pattern had a little bit of a pullback So at least it started in the right direction That's about all you can do when you're doing these patterns folks is to you know They are predictable within limits and the key word there is limits because it's nothing hundred percent All you're looking at is something that repeats over and over again and it is repeatable to some percentage of In your favor in other words better than 50% And but it does give you a place to you know, put your stops in and to see where you're going to be is as far as looking at Longer or short All right, let's move on by the way I want to mention also that tomorrow will be norm winsky and then on Thursday, we're going to have Andrew Piccoli and then we're also going to have Bill Chapman from trade trend trend view will be with us on Friday So we got a nice group of guests this week to help us through the meander through these markets maybe they'll give us some pretty good ideas of Looking at what we're looking at someone asked a question about Tim boss prediction as you recall he was saying that on May 11th the SNP should be around in just a little under 2700 and we're at 2860 or something like that now So it's gonna be interesting to see what we have Tim on the him on the line We'll have to take our barbecue colds with us to give him a little a little royal punting if he's wrong because You guys do it to me all the time. So we'll do it to everybody else Hey folks, everybody's wrong all the time, you know, this thing is you're not going to be right every time But you can be right all the time and still be right once in a while And that's the key to what you're looking at here. So let's remember that very very important. All right There's a question about the gold market, but before we get that I must bring it to your attention this one right here, this is the Treasury bond it's a 30-year Treasury bond over the past three weeks We have completed a Gartley pattern folks right down here at 179 Remember that level up here at one one eighty three oh four folks. That's the 78% level We've hit that level so many times over the past weeks and months that it is tremendous resistance This is going to be a very important day today because if we close below 179 This is telling us that this market is failing and we're getting ready to have a much much larger move to the downside That's the that when you look at the charts that way. That's what you think you'd be looking at Take a look at this longer-term picture If you're not currently using the TAS profile scanner when looking at setting up your trading opportunities Then your arsenal is short a mighty weapon the TAS profile scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve doll TAS 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 doll and Tom O'Brien just hosted the best way to use the TAS 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. 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That's 727 329 83 22 call us today tfnn is launching an open house for our tiger's den for a limited time You can get a 30 day free trial to the tiger's den Just enter promo code open at checkout and pay nothing for 30 days while you try out your tiger's den membership as part of our Open house with market volatility at an all-time high and people all over the world working from home If possible tfnn is hosting an open house in our tiger's den the tiger's den is an interactive chat room That runs all day where other tigers and tiger's discuss trading ideas with the hosts and members Along with charts and current market news as well as live access to the charts the hosts use during their programs Join us for the tiger's den open house begin your den membership today by just entering open at checkout And pay nothing while you try things out for 30 days for all the details and to start your den membership today Visit the front page of tfnn.com Don't miss out on the tfnn tiger's den open house taking place now sign up today Okay from new jersey we have a victor on the line victor. How are you doing? Good good good. Hey, what is he? I saw it at bradley mall and it said may 11th. It's a high For 2020 it's conflicting what that guy that was on that radio. Yeah The bradley model is basically good for dates I mean it does predict the trend to some extent and it could it could invert at that time In other words, if it's going down into may 11th, it could still be a good bradley date And that's one of the problems that we have is we have so much conflicting information that you mentioned You have to decide what is good and that's why I look at the bar charts and try to give me what the pattern is showing I think the government is buying everything. I don't care what you say You can do anything you want the government buys one day one day it doesn't buy And I just oiled the Rockefeller's controlled oil and they did this all on purpose And they're going to drive the price of oil up. That's the only thing they got it's food Oil and religion. That's what we fight all wars about Mm-hmm I have to agree with you on the government. They seem to be everywhere. Have you got your check? They're buying up this market. There's no volume in it every time it goes down. They're in there And it's going to end badly. I think it's going to end real badly Well, we'll see did you get your check yet from the government? Have you spent it? No, I didn't I didn't No, no news is good news And I listen where do you think oil is going? I think the Rockefeller's controlled oil and I think That's the only thing the only game we got to play is drive up prices. You know what I mean? They did that on purpose so they would Drive the price of oil up and now you know what I mean? Where do you think oil is going? $50 all the way? Durning is it coming out? Where do you think that's going? I have no idea victor I just look at the charts my my guess is it'll probably be in a good trading range You know, I don't think it's going to go below 30 minus 37 again, but we'll have to wait and see When you think the next war is Coming up. I think we're in one. I think we I think it started with this This coronavirus this is a different type of war fake. It's bill gates. You want to put a chip in you're in control Yeah, you gotta get rid of bill gates Okay, if you do some research on him, he's a terrible guy that foundation he has he should be put in jail And I got four seats. He's been in charge of that and I see for 30 years He should be gone too. He's a career. He's like a politician who takes payoffs I got four seats. Okay. Well, listen, thanks for joining us and I want you to keep that positive out keep that positive outlook. Okay All right, hopefully bill gates dies tomorrow Well, I don't want to wish that on anybody Oh dear, let's uh Let's move on to the next one here. Uh folks, let's take a quick look here at the uh euro I posted the chart of the euro in here and as you can see here Uh, we made a 61 percent retracement at the 110 level and I spent a lot of time on the newsletter describing that that was most probably going to be the sign that we're going to have a correction because the Reverse of this chart, which is the dollar index and I think we need to look at that you'll see that it was making a double bottom and uh at major support and we already talked about this on yesterday's show The fact that the number seven up six down seven up six down was working And that's exactly what we had here and we've had a really strong two-day rally now In the dollar index and it could get up to this 100.20 level I don't know where it is right now, but that's the part that I'm looking at and I'm seeing if the euro can get down To 10850 and that will be an important place to look at it So we'll watch to see if these outlines, you know come up the way they have to look at this Okay Uh, okay Okay, all right. Thank you Tommy for the the information. I appreciate very much We appreciate all your calls coming in folks and if you have an opinion, please give us a call 877-927-6648 However, don't try to call right now because the lines are just absolutely lit up Al said he was just overwhelmed with the boards We'll have to do it at another time, but one was able to get through one was able to get through Michael from Niagara Falls, Canada. I think Mike, how you doing? I'm on the Ontario side. Yeah Yes, sir. I know you are and you want to look at X O P with that theme of Rockefeller and oil Could you take a look at the X O P? I certainly will and here again, you're going to be see a market. It's just completed An abcd pattern at the 382. It's the second one that we've had here We had one back in january and we just had another one right here So it appears this should be coming under a little pressure here In the next few days and weeks would be my guess And and if say you're wrong, what's the upside target? Well, if if we're wrong, the first upside target would be $70 that would be up $18 and where we are right now if if i'm wrong on that Okay, okay. Well $70 $70 is what i'd be looking at if it breaks through that 55 level You'll be looking around $70 which would be the 61% retracement of that move from january It would also be a 382 retracement from the all-time high You know from last year in may so that would be that was at 130 So this market's gotten hit really bad from 130 to 30 that they've really beaten up pretty badly Yeah, okay, so 70 70 is the upside 70 would be the upside if if it gets above 56 you bet Okay, you bet. All right, let's move on to the next one here. We talked about that Dollar index. We talked about the euro That's very very important Now I want to show you something that's going to be happening here It most of you folks are not involved in this but I think it's something relatively important to talk about And uh Shane on the line Larry can you hear me? Yeah, hey, how you doing chief? What can I do for you? Good morning? I thought I would just call this seems to be the uh the caller day of the week So I was gonna call it on Tuesday. You were lucky to get in. What can I do for you my friend? I just wanted to uh make a comment about the fmp for your for your viewers that um The fed juice is is very very strong right now still But I think we'll probably be coming into a high either later today or tomorrow. There's a gap in there on the fmp Uh, right around that 2902 level. I think that's going to fill even today or tomorrow and then Um, probably we might see it. We might see a short term high here today or tomorrow I think it's going to go through to tomorrow my guess is but today technically without counter speed It's a high today. So But you guys know that Well, thank you very much and I and thanks for letting me know about don shula because I Always a big fan of his and uh Oh, yeah, he was the best but but he let he led a great life. So You're following in his footsteps my young friend because you you're a great role model. Keep it up. Okay Thanks, Larry. All right. Have a great morning everybody You bet Chains million folks. All right now the next discharge that I'm going to bring up now I'd like for you to see this is bitcoin folks and something interesting is going to happen here in 10 days In bitcoin by the way today is Cinco de Mayo folks Mexican independence here Being 72 miles from the mexican border. It used to be a big holiday, but not anymore I want you to look at the uh, go back to 2012 and look at the little box down there at 2012 And then I want you to look at the little box at 2016 Okay, that little box is going to happen on the 15th of may in about 10 days That is a halving. That's where I don't know exactly what it means But it means that the number of bitcoins that are out there are going to be halved and notice every time we've had a halving event Look what's happened to the price It's exploded to the upside And look at the price that we have in bitcoin now And this is a monthly chart folks And so this is this a very very bullish chart. Stay tuned folks We're gonna have dr. David paul here from vector vest 8 7 7 9 2 7 6 6 4 8 Larry pesavento watches the market's 24 7 and now is a great time to try out his daily trading service Fibonacci 24 7 Larry publishes videos and charts for subscribers throughout the week when warranted and every weekend He puts out a thorough report covering worldwide markets futures commodities and currencies with Fibonacci Retracement levels possible trading setups and zones and stops and targets for all recommendations included Larry applies the principles He's developed over decades of trading while analyzing a variety of markets for subscribers To see for yourself the types of videos charts and analysis that Larry provides for his subscribers Sign up for Fibonacci 24 7 today by visiting the front page of tfnn.com Under the newsletter tab you'll also gain instant access to Larry's archive subscriber webinar from earlier this year New subscribers get a 30 day money back guarantee. 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Yes Say listen, I wanted to congratulate Vector Vest on The way they handled this market I thought they did a tremendous job of protecting their friends and customers and they gave them some pretty good advice So my hat's off to you my friend. What do you have for us today, David? Okay, Larry. Well, can you see my slides in the background or can I'll see the slides there? Yes, sir. We've got it going a nice blue background tfnn may 5th. Okay, you're online We certainly called it. Well, Larry, that's for sure Very very pleased with it. That's the spx and The red and the green triangles represent a mechanical medium term market timing system And as you can see, there was a green triangle last October A red triangle which didn't last very long and then we had that false run up And then in February a very good signal a mechanical Objective signal to actually sell the market and we were out of all that mass on the downside And then this medium term market timing system In fact gave a signal to buy the market on the 6th of April and I'm still holding long positions. I'll show you the positions in a second based on that mechanical medium term market timing system that we refer to as the de w Now, I'm sure your keen eye will have seen the spx moving up in three drives And I'm sure your keen eye will have pointed out the 62 percent retracement that it came off so I'm still holding my long position, but I've managed to take some shorts in the market based on Shorter term time frames. So where are we? Well, uh, it Ralph Elliott couldn't have called it better Larry because we had uh, five waves up And then in the last wave, this is an early chart. There's a beautiful five wave pattern within that So this is the nirvana of Elliott wave people in that It is a fifth of a fifth And the dumb thing came off and as I'm quite sure you noticed yesterday. It stopped at a 62 78% retracement to the tech. It's now moving its way back up again So I would expect I think I've got a slide of where it was a few minutes ago It's moving up again in five waves. I would expect it. It's open going to open up today I would expect it to get up Another few ticks this afternoon to make that 62 percent retracement. I still think there's probably a little bit more downside But our objective mechanical method is still saying That that medium term trend is still up. I think the market will make a decision for us my own view If you go back to the first chart Larry my own view is that Again in terms of Elliott those of you that know anything about Elliott I think the first thing you got to realize is the first 25 years is the worst after that it gets easier, but I think 25 might be on the low side. Yeah, have you read t. Hamilton Bolton's work 25 years is on the low side I reckon that's a larry and we're coming back To a b and that we've got to run up here Into sea and I think that that can quite easily take us Into october sir So, uh, that's that's the model that I'm playing on although I am Doing my best to trade the market and not trade the darn forecast. Uh, so I I want now to To look at what I've been doing myself. I put together a very simple unoptimized search on vector vest to look for Shares that are in the s and p 500 because my broker in london larry doesn't make a market outside the s and p 500 shares So it's it that's for me Now vector vest have a method of measuring the trend which is quite unique. It's called the comfort index and it measures Uh, the strength of the trend It measures the volatility of the price action and it measures the fundamentals If the trend is strong and getting stronger with level volatility and the fundamentals of the share are improving Then that scores well on the comfort index and I think you would agree if you've got a share That's trending with little volatility and the company's fundamentals are getting better. That should offer you some comfort Uh, it's quite unique And so I'm looking for a comfort index on a scale between zero and two of above 1.2 Which is a reasonable trend And that finds a lot of shares And then I'm sorting those shares by a mixture of the comfort index, which is the long-term trend Multiplied by g r t, which is the growth rate of earnings so The vector vest edge is to try and put the best of both worlds together To find shares that are in the throes of a strong technical position and marry those that are in the throes of a strong fundamental Position and that's what i'm trying to do. So The medium-term market timing model Gave us a buy signal on the 6th of april So I ran that search on the 6th of april myself Those are the shares that came out of it larry amd charter com newmont, etc Those shares have got the best combination of long-term trend and fund and growth fundamentals on the smp 500 and I bought them and I bought the top five on the spread bets here in london and That's what they've done to date Wow, they they are up 11 percent and the markets up 7.88 percent now on vector vest We have lots and lots and lots of really really complicated searches I have a phd in mathematics as I've bored you with before and I firmly believe that the the simpler the work The more robust it is. It's so easy to get into a curve fitting exercise where you fit exactly the past And you'll find from i find from bitter experience that that produces a bloody awful fit to the future. So It's a very simple search It marries fundamentals and technicals together and it's been working for me and working for my son. In fact, he runs a small fund exceptionally wealth so as long as the uh medium term market timing model is still up Then uh, we would be holding those shares. Uh, if the medium term market timing model prints one of those red triangles And there's absolutely no uh, subjective input there when it prints a red triangle We are simply as they say here in london. We run for cover, sir. Uh, so My son in johannesburg is not allowed to hold outright positions So he buys uh The top five stocks And he shorts the overall market try to make the bit in between Because the the risk manager will not allow him to hold an outright position So he's trying to make the difference between the 11 and the 7.88 percent. So he's running a long short book Based on this. I'm running an outright book But the risk manager down there won't allow him to do that. He says it's too risky, especially over the weekends So, uh, I think that we've probably got a little bit more downside to go Uh, I think that the s and p will probably stop at 62 percent of the run up from the low Monday a month ago Can you stay with us david? We got another segment coming, please. Yeah, sure man. We'll be right back folks David paul vector vest 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 are building lots in the tax 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. 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Don't miss out on the next great gold trade sign up today Fill the s and p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s Directions daily s and 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 eight six six four seven six seven five two three 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 four side fund services llc The bull bear trading hour with tom and tommy o brian next We're back folks. We're talking with dr. David paul David we have a question from one of our listeners and that is does vest vector vest work in the options market also Yes, larry it does work in the options market and we have a Very strong options training program at vector vest I am I am not an options trader myself And I run vector vest uk and in the uk the options market Is not liquid at the retail level Whereas in the us it's clearly exceptionally liquid. So at vector vest, we have a very strong Options program. We've got two courses on options. Uh, what's called the options jump starter and then a Very long and detailed course in how to actually use the options market to bring in income And we have a very experienced options trader who takes that, uh, very experienced indeed Although I personally do not trade options. I'm uh, a swing trader over Three to 13 days, hopefully I do a bit of intraday trading as well, but uh Only when I feel like it and my biggest edge in intraday trading is that I know when I don't feel like it and I don't bother That's good Say David, could could you do me a favor and send me the link? Uh, so that I could someone's asked me about options And I'd like to send that link on to them about vector vest option program Their training program and stuff that would be great. It's uh, just drop me a That would be super few just dropping into skype or something for me I certainly will and uh for that young man who asked that question We'll be having an annual financial freedom summit at vector vest for three days and If you go to vector vest.com forward slash summit folks, uh, you can pick out of that What you're interested in and there's certainly many many presentations on the options market within that so The options market's a big big big part of vector vest in the us Not nearly as big a part in the uk because uh, uk people don't have the ability to actually uh, trade options Without actually open up a usa account. Uh, so Uh, so there's there used to be a strong options market in the uk larry, but when spread betting arrived, uh, 10 or 15 years ago spread betting here is tax free. Uh, so The the volume uh moved uh to uh spread betting Spread betting is pretty much a swing trading. Uh, it it's just got it just means that you don't have to pay tax On the profit you really have to you don't even have to put the profits into your annual tax return Which is quite an advantage Yeah, we don't have that advantage here. That's for sure Yeah The uk government says that you either pay the tax upfront on a bet or you pay the tax on the winnings So, uh, there's a little bit of tax in the spread Uh, so they get their money, uh on the upfront on the spread. Yeah David we have another question for someone and that is you worked with tom hugard and made a big impact impact on his life What would you recommend is reading material or studying material to try to get the psychological demons off of your You know your gray matter to you know to trade free and without fear and stuff like that Do you have books that you that you really recommend? Yes, of course, and uh tolman i worked together and we still work together very closely. He's my dear's friend Uh, and he certainly has made a big impact in my life as well. Uh, so uh, I think that uh, uh, I I did uh, quite a few a lot of courses at the Institutional level and people used to laugh at me because I in fact used to hand out a book on uh, what I suppose is spirituality in that I find that People keep asking me. What's the what's the characteristic of a winning trader? And a winning trader is a very present person in my opinion They don't allow their mind the luxury of moving to the past. They don't allow their mind the luxury Are moving to the future they focus on perfect execution of this one trade so if I could Ask anyone to try and read a book that will help them straight away It would be a a little book by a gentleman by the name of akkar tall It's called practicing the power of now and it'll show you how to focus your mind on the present moment And to hang out in the present. I think that uh, uh, there's a little book by a chap that I think you know, uh, eddie topple Uh called zen eddie topple. Yeah. Yeah fast eddie. I met him a couple of times. He's dead He died of a heart attack and uh, he sure did instantly. He didn't even get to finish his sins Yeah, he was a good man and uh, he's written a little book called zen in the markets, which Is a very simple little book you can read it in 20 minutes But it contains a great deal of wisdom on how to actually, uh Put try and wrestle the ego And of course, I think that everybody should read uh, mark douglas book trading in the zone and read it over and over and over again I remember on a flight to copenhagen once with tom He had in fact, he was in fact making notes out of the book on the journey to copenhagen So, uh, he takes I take that very seriously. It travels with me everywhere. Uh, so, uh Being able to Keep your head when everybody else is losing theirs as kippling said or poorly quoted from kippling Is the trick of the exercise I can If I took everybody listening and I took them on to a firing range I could give them a rifle. I could show them how to clean it. I could show them how to hold it I could show them how to breathe And uh, within a couple of hours I could have them hitting the target nine times out of 10 My question to them is it could they hit the target if some other sword was shooting back at them? And that's exactly what happens when the little bar is bouncing up and down It can make the sanest of people do the dumbest of things. It takes you out of the moment completely. So Anything that you can do, uh, to focus your mind on the present moment will help you immensely in trading And uh, I found at that little book, uh, practicing there's a book called the power of now, uh, which uh, oprah In fact put on the map with ecart tool, but it's quite a difficult read So I would start off with practicing the power of now, which is a workshop version of the bigger book And it will help you in any facet of life You know, if you're in a corporation, uh, your boss is paying you largely to focus to keep your head to sort out trouble When everybody else is running around like the proverbial headless chicken So, uh, even if you're working for somebody else, uh, presence will allow you to move through the, um Organization, I know quite a few professional golfers quite well. No Ernie else in South Africa quite well and, uh, Their edge is that they focus on perfect execution of each every stroke Not the last one not the next one, but perfect execution of this Particular stroke if they screw up at the fourth the average golfer will have that in their mind forever Screwing up at the fourth or as uh, the professional forgets about it goes on and plays The next whole, um, as if it never happened, uh So Anything on presence, uh, will help you immensely in my humble opinion David, thank you so much for joining us. We're going to have you Again soon and please Stay safe over there. I know there's a lot of different People have different theories of what's going on. So make sure you, uh, You know, do the things as necessary where your mask and social distancing I'm sure you do all those things and be safe my friend because uh, thank you very much Yeah, we're valuable. Yes, and a good friend. So please stay with us. Okay Thank you larry. Thanks everyone. Okay, you bet. David paul of vector vest 8 7 7 9 2 7 6 6 4 8 I 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 common trait 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 and p 500 for the last 12 Six and three months timer digest also ranks me as 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 at what I do Sign up for mastering probability today by clicking on the newsletter tab on the home page of tf and n dot 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 If you haven't checked out the newsletters page of tf and n dot com What are you waiting for all of the tf and n newsletters are informative up to date Affordable and a must have for every trader looking to gain a competitive Informational edge in today's markets tf and n 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 tf and n 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 tf and n dot com and click the newsletters button near the top of the page tf and n dot com educating investors Markets trading with extreme volatility and peaks and troughs everywhere regardless of what you're looking at in the markets This is a great time to see the type of analysis Basil Chapman delivers for his subscribers every market day with the opening call newsletter Basil has been analyzing markets providing his take for subscribers to his trading services since 1984 Every morning basil publishes an update for his subscribers along with weekend and evening updates when warranted The opening call provides traders a daily market overview with regard to the direction of the key indices selective stocks and commodities along with specific recommendations including stops and targets You also gain instant access to basil's subscriber webinar archive from earlier this year A dark cloud cover an essential market analysis ride the Chapman wave today by signing up for the opening call newsletter On the front page of tf and n dot com under the newsletter tab new subscribers get a 30 day money back guarantee So you have nothing to risk sign up today 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 tf and n dot com Okay, folks. I've just been alerted yesterday. The shane told us that the new york fed was now Actively buying early in early may they're going to be buying etf's And i'm sure they're going to put that in their investment portfolio What I think is nice is the fact that they alerted us to the fact that they're going to be buying How nice it is now mr. Buffett did not do that he got out of his Airline stocks and then told us well the new york fed is doing something different They're telling us that they're going to be buying the etfs. Well, that's a really good nice of them That's what we like the government. They're always giving us good information folks Someone mentioned the fact that bill meridian said there was going to be a low in gold around the first week of may And here we are and we do have a little low down there at 1696 If I saw anything that would even resemble open interest coming into this market I'd be buying gold but by golly. It just doesn't look like that right now I will maintain that short position that we have from 1762. We do have a buy stop at 1730 if we get above there I'm going to have to get bullish folks and I'll have to wait and see right now. We're around 1706 so we'll be able to To be watching it. We have a key date coming up here on thursday That's when we have andy coming in i've made a notation of that andy picoli is going to be back from the uk He's in the uk and he's going to be talking to us about his cycle work Which is really predictive stuff, which is not similar to what they had in the cycles program last saturday It's going to be quite interesting because it's related to the market stuff And I think that's what we really like to look at also We want to take a look here today folks at the long-term picture here in the crude oil This is the june crude oil contract and we are approaching the 78 percent level up around 24 bucks folks We hit 23 and changed just a little while ago And so it's got a chance to get up there to that make a go go even higher for sure But that's the the first big abcd we've had in this in in weeks So if you believe anything about the gartley you want to keep an eye on it To see if that's going to mean anything we got the s and p is up 51 The nasdaq's up 150 boy things are great in river city today folks It looks at least that the virus is going to be beaten down by the financial markets