 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. 927-6648 or internationally at 727-873-7618. Larry Pesavento. Okay, looking good, Billy Ray feeling good, Lewis. I think I posted a chart, didn't I? I thought I did. Oh dear, hold on just a second. Maybe I didn't. Oh, hold on just a second. Folks, the old cowboy has taken the old time clock. Be patient my friends, I'm coming. I'm trying to get a chart up here so, uh-oh, where's my chart thing? It doesn't give me a chance to do the chart. Wow. Hold on here, I'm trying to find the, well, but that's what happens when you're not sleeping at night. Hold on, where is the, it doesn't give me a, it doesn't give me, oh shucks. It doesn't, oh man, now I've lost, oh boy, hold on, escape here. It doesn't give me a, where I usually do my, put the chart in it. Oh man, boys and girls, I've been with you guys for a long time. This old cowboy is flat out exhausted, let me tell you. The action last night, I had to stay with it because we had some, we had a position on, oh man, this is, I just don't, I can't, Al, what I can't do is it doesn't give me a place to add, to open my chart like I usually can. I don't know what's wrong. I can't, I can't figure it out. I don't, I don't, it doesn't give me that option. So I'm not going to worry about it, just done a darn thing I can do because I, maybe I'll figure it out at the break. Let's talk about markets folks, okay? Eventually I, eventually I will get some charts out to you. Why it's not working for me today, I do not know. But we'll see what's happening with this stuff afterwards, but that's not working either. So shut the front door and raise the rent. Let's try to get this going. Okay, what's happened last night folks? Is the market exploded to the upside? I mean, you can see here that we just went wacko to the upside and we went all the way up to 3772, 3775 I believe was a high in the S&P. From there we broke 80 handles. We went all the way down to 3695 and we rallied up to the 382. The reason why that 3775 was so important, two reasons. First of all, it was an exact, exact domando to the 382 of the high in September on the eclipse, okay? Now remember we got eclipse coming up here next week here on the 21st I believe it's this week. Shut the front door, it's Friday. So we got to be very, very cautious about that. What it means I don't know. The fact that it hit that number and backed off is all that it means, okay? Now what I wanted to talk about today was not the stock market. I want to talk about that a little bit because this is the first ABCD correction we've had folks. Are you ready for this? Since June. We have not had a good ABCD since June. Of course that was a high too. So that's why it's so very, very important. Now, secondary thing is the Treasury bond market. I don't know if you know this or not. If you take a look at it, it is collapsing. Now if you think we had a rally like this in stocks wait till you see the rally that we're going to get in bonds. When it is, I don't know. But boy, oh boy, it will be ready. This market is extremely, I mean double, triple, quadruple oversold. And that will have a huge rally. And that's all it'll be. It'll be an oversold rally. Now today, the chart that I wanted to show you I used the Dow Jones because it was the clearest. All of them did the same thing. Also, by the way, skipping around a little bit. Also, by the way, the NASDAQ did a 382 today too in ABCD fashion. So there's a long way for it to be out of the market, but this might be the start of a big bull market. I don't believe that it is, but anytime we close above 3850, I have to say, yep, all this stuff I have is not working. And we're not going down. We're going to go up. But right now it still looks like we have a possibility of, you know, moving to the downside. I wish I had some charts to show you, but there is no way I click. I click, nothing happens. And I don't know. Let me see if I take that off. It didn't help. That offer doesn't help. This doesn't help at all. And it's disappeared where it says to I'll try it one more time just to see if it works. Hold on just a second. Okay. Get that up there like that. Well, I have this no way. Jose, can I get a chart up? It does not give me the option. I do not wear. Click Tiger TV. Okay. Oh, shut the front. It's still no charts. Oh, now it says share the screen. That I sound terrible. Okay. All right. I think I got a chart. There's the first one. Okay. Hey, we're going to be in business. Here's what happened last night. Okay. The market closed. Okay. Then it came down right in here. Made a 382 retracement. Thank you very much for the help folks. I didn't know that. And then you went up, made a beautiful ABCD. Okay. And then we went a little bit higher high. This was this also was a 382 of that one. Perfect. Then we went up here. Once we went below this first 382, that changed the name of the game. And then started to go down a little bit. All right. Now let's let me get a couple of charts up here to show you what I've been talking about on these things. I want this. This is the one where the real money is folks. This is you talk about real money when they, when they get these boys by the, by the short hairs, there's going to be something really crazy to have happen. So hold on just a second here. Why does it not see? It doesn't give me the, oh, it's a different thing. They changed it. Share your screen. Okay. All right. I see they've changed it a little bit. That's why they just didn't tell me. That's what I think anyway. All right. This is a weekly treasury bonds. Okay, folks. But one thing that we've done here at TFNN since, since God was a little boy and we made that first 382 retracement up in here. We became bearish bonds. Here is where they fed us the tapioca about a negative interest rates. 382, 382, 382, folks, we are near what is either a say good night to the treasury bonds altogether, or we're going to get a rally. And believe me, we made new lows in the bonds today folks. I saw, I saw a print of 121. And, you know, that I had, that I had for these bonds was 128. When they were 142, people were laughing at me. And hey, you know what? They still laugh at, laugh at me. And that's a good thing too. So I hope that's why. First of all, I hope that our, our friend, Mr. Jeff Fuge of Alpha Insights will be our guest. I'm going to be checking on that. And he'll help bail me out brother. Keep the cards and letters coming. Give me some sleep. I'll be right back. The booming inflation, we are purchasing powers eroded. 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Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability Newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars, absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 Days Risk-Free Today. TFNN, Educating Investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open. To give you the competitive informational edge you need to succeed, these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today, and try all of our products and newsletters 30 Days Risk-Free with our money-back guarantee at TFNN.com. TFNN, Educating Investors. Market Insights internationally at 727-873-7618. Okay, folks, you know as most of you know here at TFNN that I've been watching for a potential really big move down in two October, between the 21st and 25th, and also a possibility of one right about the election time. So from there, I think we'll get a very strong round. It doesn't look as the market took off on Sunday night. I posted the chart up here. This is why the market took off Sunday night is because the things in London looked nice and clear. The British pound had rallied and it rallied up and made a new high off of that last little run and then it has reversed. And so that tells us that, you know, maybe what was happening there was not true, but our markets still continue to go higher. Yesterday after the market closed we ran 650 points after the market closed into the overnight session. And that's why, why am I, I know why. Oh dear. These folks who keep calling me for some reason, I don't know. They think I know something from the inside and boys and girls I do not know. And you know what? I don't care because you don't have to care to make money because you know why you'll never know for sure whether it's right or not. But this chart tells you that we went up here and tested that by just two or three pips and then immediately reversed. That means something to me. Also the fact that these markets were at a very, very critical level. You know, we were setting exactly at the 618 Sunday night and I said in the video, I said, boy, I said the only way this is bearish, I said is if it goes below here and if it doesn't go below here, it's going to go higher. I forgot to say two words. Buy now. And I didn't add those into the thing but that was a thing to do Sunday night. But that's retrospect. But you got to go back and look and see how some of these things are operating. I'll show you this chart because this is why it was so incredible. This is a four-hour chart and you'll be able to see what I was talking about here. It's everything that I talk about. I mean, it's just not a, it's not something I talk about every day but look at this thing. I mean, it was setting exactly at the 61% retracement of the low right back here. This is a four-hour chart. This didn't take but two days to form. I mean, we had that straight-up explosive move. Remember, we were up 900 points in the Dow Jones, okay? And all we did, folks, believe it or not, is we did A, B, C, and D up to the 382 of the, of the, of the September high. So that's why this market is sold off a bit. Now, if it reverses and continues to go higher like it's been doing, we are going to look at, you know, potential that by golly this is a bigger thing than I thought and this pattern is not working this time but until that happens, we have to wait and see what's going to happen. So it's very important today's close. If by any chance, and it's a really long shot, hold on just one second, it's a real long shot, okay? And that's the main thing to look at. By the way, on a personal note, I have to tell you something here, folks. We live here at Davis-Month on Air Force Base and I like classic cars. And I have a gentleman that does work on them. He works out at the Air Force Base and I had a problem with one of the cars and it was going to cost about, I don't have a lot, I have three. And they're not that expensive. But one of them needed a little bit of work and so the work was going to cost me about $2,500. So I said, okay, go ahead and get it done. So he's in the motor pool at Davis-Month on Air Force Base and because he's on the base there, he can bring the car in and work on on the base in his off hours and he has buddies and so they did some stuff and comes back to me later and say, hey, this doesn't need anything. This is a $200 valve that had to be replaced and I couldn't believe it. I was ready to pay $2,500 and he comes back 24 hours later and tells me that it's only going to be $200. And of course being the generous person I am, I gave him $225. Well, I gave him a little bit more than that. But anyway, when you see young men like that that are so honest, boy, it really makes you feel really, really good. And I told him, I said, please tell your parents that they did a fabulous job with you because you did a great job and that's great whenever you find someone young like that that can be really good. Okay, I'll have more sleep tomorrow, so I will be okay. I wanted to show you this the day before on this run-up. This is where it started here Sunday night. To me, I was able to do some of the stuff here on Sunday night. I was sending them out as they were going. But as you look at this here, this is only Tuesday, folks. In two days, we've gone 1,300 points in the Dow. Look where we were here on Sunday night. There's where we made a slightly lower level right there at the 618. Do not pause charts. I don't know what that means, Al, but I'll do my best, okay, pal? Anyway, the market goes up, makes a 3-8-2 retracement here, makes a 3-8-2 retracement here, had this huge move, a sell-off makes a 3-8-2 retracement here, and that already showed you what it did last night. I mean, it just keeps doing it. Okay, that's great. You do have the charts, and so I'll keep moving on forward and see that we get it. The key today is today's close, folks. We are in a cycle time that has not been seen for a very long time. What I mean by this is we have a whole bunch of cycle dates coming in, and that's why it's so very important. Remember, the first one was on the 16th, then we had the big down move. Then we have the 18th, and we got a question from Al in Houston. Yes, sir, what can I do for you, my friend? How you doing, Larry? I'm living a dream, bubba. I'm on the green side of the grass, but I need a cot to take a rest. Go ahead, pal, what's up, buddy? That makes all of us... Oh, I get it. Well, you're seeing on the e-meaning that you may see a potential upswing, and I've been hearing the same thing from another subscriber and one of your student friends saying the same thing, but we weren't sure. I'm kind of seeing a basing on those markets, and I'm also kind of seeing something similar in the precious metals. So I'm kind of wondering what are you seeing if you're seeing something similar? Because what I've seen, they kind of go harmoniously similar upward or downward right now. Their assets, yeah. They could certainly be it, but the thing is that these dates that I'm looking at out in October are so big that it would be unusual for them not to work, but this could certainly happen. All we need is a close above 38, 40 in the S&P, and there's just no way that anybody can be bearish. There's just no way why is someone calling me here on this number? I don't know. I don't know. Oh, dear. You're calling because there's work where all things are the same. No, no, no. Let me get this for us. I have some neighbors here that I take care of. They're in their 90s and stuff, and that's not one of them, but it could be another neighbor, but I'm going to have to get it later. I don't like to be bothered. I should have turned the phone off, but I forgot to. Anyway, Al, you'll know if we get above 38, 50 in the S&P today or tomorrow, then there's no way I can be bearish. Does that make sense? Well, I was talking about gold. I was asking later on after the break. Gold's not ready yet. Hang on. It's going lower. I still think it's going lower. Call me if you have any trouble. You've got my number. See you later. Bye-bye. We'll be back with Jeff Hughes, Alpha Insights, folks. Sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. 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 Chart allows you to scan thousands of stocks for Fibonacci formation setups, including Artleys, ABCs, butterflies, and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors 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 your 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 Chart today by visiting tfnn.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. 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 a.m. to 4.00 p.m. Eastern. For free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN Educating Investors Jeff, your first chart here is the 100-year storm. You want to tell the folks what you're looking at here? The 100-year storm is the worst performance that the 60-40 benchmark strategy portfolio has seen literally in the last century. We are down to the 60-40 benchmark strategy portfolio in the last century. We are down 30%. That's a 60% portfolio, 60% S&P 540% layman egg or I guess Barclay's egg, maybe it's the Bloomberg egg, they keep changing their name. I'm not necessarily a bond guy, but I will tell you this, most pension funds, most institutions that do asset allocation have this as their primary benchmark and they try and invest around it. They've got some exposure and they might have some real estate, some private equity, some hedge funds, but for the most part 60-80% of their portfolio is oriented toward this benchmark. That benchmark is down over 30% year-to-date versus a 100-year average of 9%. It is the absolute worst performance we've seen in the last century. Nowhere to hide, Larry. Yeah, well, it's certainly when I saw that I said oh my goodness, I said things look really interesting. I will have a question later on bonds, but I have a nice chart here about earnings and I think with everybody watching earnings that are coming up today they might get some information out of this one here and you'll see. You want to tell us what you're looking at here with earnings growth? Absolutely. We've been seeing estimates of earnings growth dissipate pretty aggressively for the last two to three weeks. In fact, the street consensus going into the year was looking for over 10% earnings growth in 2022. By the end of the third quarter and that was just, you know, September 30th the street was down to just around 8% earnings growth for the year. In the last two and a half weeks that has dropped to 6%. And one of the big issues I think is that almost every sector has seen negative revisions throughout the year. The one exception has been energy and if you were to remove energy from the S&P 500, year to date S&P 500 earnings growth is negative 4%. So energy is doing all the heavy lifting. You know, we've seen negative revisions in industrials, real estate, luxury, but they're still positive on the year which is keeping the S&P that coupled with energy is keeping the S&P up for the year. But my suspicion is we're going to see a negative earnings number this year that is going to surprise a lot of people. Okay, wow. Now the next one is about the Fed and their rate hikes that are coming up. I'll get this chart up here for you in just a second. We're looking at here for that's right before the election. So what are you looking for here? Yeah, well it looks like the consensus view and this is based on the probabilities basically determined by the Fed funds futures curve and it looks like market participants are expecting about a 97.5% probability of a 75 basis point hike on November 2nd. Honestly, that number was last Thursday when the CPI report was printed and that was a hot number. It actually resulted in the Dow dropping 500 points on the open only to rally back dramatically into the close up over 800. And my suspicion is that people are of the opinion that well if we're this close basically the Fed has to start to pivot. They're going to pivot anytime now this will be the last hike and I got news for them. Pivoting isn't that great for the market. Well, I'll tell you the volatility I saw last night I hadn't seen that in a long time because the people were asleep and they didn't realize that the Dow Jones was up 700 points in the overnight market and I bet you there's not 5% of the people that even look at that thing. I don't think so but boy it was a light volume but boy it was so rocking and rolling oh here we go. What to expect on Fed Pivots. Let's get these up here because this will be really interesting because I don't know anything about this like most of these charts but you certainly are good at telling us what we're seeing here. What to expect when the Fed pivots? Yeah, you know so let's just assume that everybody's right and the Fed's close to pivoting. Well the last few times that they've pivoted you know on these major economic reversals like this August 7th for example the great financial crisis the stock market dropped for another 18 months following that point. It didn't bottom until late February actually March of 2009 on an inter-day basis and it was down 50% the dot-com bubble the Fed pivoted in December 2000 the market kept declining for 21 months and ended up down another 38% before bottom in October of 2020 if you look back to 1989 to October 1990 during the Gulf War the Fed pivoted in June of 1989 the market was down another 4% over the subsequent 16 months he had the 1981-1982 period where the double dip recession after the Fed pivoted we saw another 16.5% decline in 73 they pivoted in October the market declined another 41% over the next 11 months and in March of 1970 the Fed pivoted and we saw another 18.9% decline over the subsequent 3 months that's an average decline of 28% over an average period of 14 months after the Fed pivoted on all of these major recessionary conditions now it's pretty widely regarded by most experts that the Fed is purposely going to put the economy into hopefully a shallow recession but my expectation is once that occurs and the Fed does pivot that will be the kickoff for a significant further decline wow yeah boy that's uh we live in interesting times my friend I can certainly tell you that it's really been amazing we've got a bunch of other charts here that I think you're gonna love here so bear with me let's get it up which uh oh here comes something that bulls don't want to see but I have to agree with it and that is new lows are on the way Jose let's get it up here there we go new lows are on the way that's right we we wanted to kind of you know update our thinking in terms of our Elliott way of count on a short term basis and you know this is really looking from the August 16th high and uh the most recent low was last Thursday October 13th and since that low we've seen a pretty um well articulated ABC retracement uh that's a three wave countertrend move we think the initial decline into the October 13th low was probably intermediate wave one of primary wave three down and what we're probably experiencing today at least so far uh is the top of intermediate wave two we've actually got a little bit of leeway here we think it could potentially carry to uh say 3810 uh possibly even 3910 uh before it completes but you know it's right in the zone we're we're certainly within a hundred hundred and fifty S&P handles of the top and we would definitely uh you know move a step aside from the market if you're trading this because we think the highest probability move is to the downside and we think the break of those uh October 13th lows we'll see a dramatic acceleration and selling pressure and new lows probably around S&P 2750 to 2400 Jeff stay with us Jeff huge alpha insights folks good stuff you don't get any place else 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 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technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every Friday with updates throughout the week you can get the technology insider at tfnn.com for only $37.50 sign up for David's newsletter the technology insider and get an inside look at everything the technology sector has to offer try at risk free today with our 30 day money back guarantee tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily biotech three times bull and bear etfs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol TZ okay we're back folks speaking with Jeff huge of alpha insights and he's going to be talking to us about his preferred Elliott wave count would you like to continue Jeff absolutely I wanted to give some big picture perspective to that last chart which really just indicates the decline since the August 16 this chart looks back all the way to the 2009 low and so we can see how you know that advance 2009 low into the January highs of this year counts five waves up and that seems based on the work that we've done to terminate at four degrees of trend intermediate primary cycle and super cycle degree and if we've terminated super cycle wave three as we believe we have then we're probably just in the very early stages of super cycle wave four which is a three wave correction to the downside and what we've mapped out here with what the market actually traced out and some additional illustrations is how we believe the first of volley of that wave eight of the downside will trade out and we see it as an impulse wave five waves down and so far we've put in primary wave one and primary wave two and as you can see we're just at the precipice of a breakdown into this primary wave three where we should hit maximum momentum as soon as we take out Thursday's lows of last week and that could carry the market down to around at least twenty seven fifty possibly as low as twenty four hundred before wave four which again will be a counter trend advance probably a shallow lateral move and then a final fifth wave plunge down into the lows which we expect to be around S&P twenty two fifty and that will terminate wave A of an ABC so in other words once wave A is down complete we should see a counter trend advance to retrace around say a third to two-thirds of that call it a fifty percent retracement just to kind of be honest and then we'll see another leg to the downside which could carry the market as low as say fourteen hundred based on kind of a very simplistic sort of analysis here so that is our big picture view of where the market is headed looking out over the next couple of years. Okay we have a question for one of our listeners is how long do you expect this bear market to last it started in January it would be unusual for it just to stop after ten months wouldn't it I mean you think that I agree yeah I think yeah so so there's two ways to think about it number one we have to correct the 13 year advance that's going to be about say 25 to 35 percent in time so I think it's going to be you know up to a three year process just to correct that period of time if we're really truly in a supercycle correction it can take a decade to fully correct it it might be a lateral move in other words the first ABC down could be part of a complex pattern that takes years to evolve and so we should be prepared for you know a period that's something like the 70s where we just go back and forth for a decade Wow well in markets not all markets all stock markets go down because it's a market of stocks not a stock market in that you're looking at a stock called Globe Life is that an insurance company it is used to be the old torch mark insurance if you remember that company and you know they've rolled up a bunch of other insurance companies and created a bigger company that they renamed Globe Life this is the stock that's made a new all-time record high last week and broke out above the top end of the long term range that dates back a couple almost three years now and to me we we want to try and find stocks that are bucking the broader trend the vast majority stocks are trading below their 200 a moving average very few stocks are making new highs Globe Life is among them and for reasons that are you know above my pay grade and probably most people the stock is acting very very well and what we want to do is we want to identify stocks that have potential and using technical analysis in this case we've identified something of a cup and handle base formation that projects up to about $163 we want to try and buy stocks like this as they break out and hold them into those moves and then sell them when they hit our target and try and lock down prices in this market Wow that's good folks I want you to pay attention to this next slide because we have to talk about this I see you're want to get this up this is your performance because there's something in this chart here the graph that you said that we have to talk about you want to tell the folks on your portfolio portfolio performance update because I have some comments on this that everybody should listen to even if you don't think I know anything so anyway go ahead let me just say this you know we launched this idea generator lab portfolio last November 15th and so that was 336 days ago in that time we published one idea every week and the 36 ideas that we put up about 30% of them are about a third of them or so have been winners and the average winner was up 18% the other 70% have been losers but the average losers only been down 5% we've had equal weight portfolio of basically 5% positions and our net positive return here has been 17.18% during that period of time meanwhile the S&P has been down 20% so we basically added quite a bit of value almost doubling you know that performance of the S&P 500 on the inverse side Jeff let me explain my view of this chart here that I talk about all the time and no one ever well some people listen in the lower left hand corner folks you see WL that's win loss ratio of 30% he has a performance that is knocking the socks off of the S&P 500 and he's only right 30% of the time do you know what that means folks you have to take care of your profits okay or take care of your losses and the profits will take care of themselves it's not what you make it's how much you don't lose this is a real really beautiful graph of what I try to talk about you don't have to know what's going to happen next in order to win and you can't because you don't know what's going to happen next but if you take care of your losses the profits will take care of themselves and boy that's a hats off to you my friend you deserve the gold star for me is probably the best chart I've seen in the years that I've had you on the show I really mean that sincerely that's a game breaker for me because boy that's really beautiful now let's take a few minutes left here we'll take a look here you've got a free monthly newsletter that the folks can take a look at and then we'll get it this is a public service amount we publish a free monthly newsletter it's affectionately entitled huge insights the big picture comes out around the first Saturday of every month unless there's a really important economic statistic coming out the following week then sometimes it's second Saturday but you know that as it may what we try and do in this newsletter is really just you know map out the big picture from an economic perspective from a market perspective and then we give you our forecast and you know I think it's a nice way for people to kind of follow our work in general now we do for by the way you can subscribe for free to plug your email address in and just hit subscribe now when you go to our website at jwhinvestment.com under free newsletter and this will take you right to it or you can find it on twitter we're at alpha underscore insights and then you know we get this response from a lot of people you know they send us emails and say hey that's great Jeff we love your work but how do I invest how do I make money with this give me some ideas we got this upgraded service from members and the membership gives you access to our top actionable idea every week and a good example is that globe life that was a recent idea that we shared with investors and I think it's one that you can benefit from if you like to trade stocks Jeff we'll have you on again soon my friend may God bless and stay on the green side of the grass and be safe thank you Larry take care now bye bye the mount Todd gold project Mr. Gold just completed their feasibility study resulting in a 7 million ounce gold reserve Mr. Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted transaction Mr. Gold trades on the NYSE American and TSX under the ticker symbol VGC Mr. Gold executing a strategy to create shareholder value you might think that if you want to be successful at trading in the stock market you're going to need 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 technology 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 in 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 everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 7 newsletter today tfnn.com thanks for watching and I'll see you next time on educating investors tfnn has launched the Tiger's Den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's Den available to all tigers and Tigris's for just $1 for the year there's no catch or added costs just visit the front page of tfnn.com don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch Tiger TV that's tfnn.com then hit watch Tiger TV hey boys and girls we're gonna go back to trading trade what you see not what you think and this is what I see you see the low that we made down here with this little arrow is pointing there in early October we rallied up into the October 4 we came down we stopped right here 1.27 of this swing we had a very strong rally last Tuesday, Wednesday we gave it all back on Thursday and Friday we stopped exactly at the 61% retracement and we went up and we made an ABCD you see this little line right here that little line is where it went to and we came back below it again but we made the 3A2 of the September high September 28 so let's remind ourselves that's where we are and that's where we shall be by the way our guest tomorrow will be Adrian Tolgaray of Trading on Target and Thursday I believe we're going to have Tim Boss depending upon if he can float his canoe in through his office but we get through anyway folks should we close this line up in here that's around 38, 10, 38, 20 then I put the white surrender flag out and say well this didn't work the way I wanted it so I certainly saw this bottom in here we talked about that on several videos in the newsletter that we had major support just sitting right there Sunday night and I already showed you what it did Sunday night waited lower low by 2 or 3 pips and then away it went to the upside the other thing is check your foreign currency charts folks I'll do that tomorrow for you here because it doesn't show anything of any type of panic anywhere most of them are just doing what they're supposed to be doing so also live every day in an attitude of gratitude and may God bless thanks you for putting up for me today folks and I'll be back in business tomorrow for sure so please do something nice for your neighbors because golly everybody needs help and if you're there give them a jingle