 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento You're a feeling good Lewis We're going to have as our guest today at the break dr. David Paul tomorrow will be Stan Harley the Harley stock market letters And then on Thursday, we're going to have Bill Chapman of trend reaction So we'll start out the show today like we usually do looking at the European markets as you can see they've sold off Quite a bit especially in the Dax and also in the footsie as Steve Rhodes mentioned that There were a lot of negative signals coming in on on Tom DeMarc's program So it's going to be interesting to see if they keep Keep following through. I'm afraid I've lost broadsword to Danny boy broadsword to Danny boy come in Danny boy Come in Danny boy. Can you hear me? The chicken has landed the eagle is in the pot Oh, we have lost Contact well Marshall says he hears me. So I guess it's okay. Sorry. All right, evidently. I'm seeing I'm off the air but right now it looks like the Internet didn't go off and we lost electricity yesterday twice We're getting ready for the monsoon season that starts here in a few well, let me see it starts on the 15th So in about six days the monsoon will be coming on so all right folks There's a couple of big things that happened last night that I think are important And I'll try to give them to you one at a time. Let's first of all before we do that. Let's refresh which one of our Folks yesterday. We were talking about looking at a particular pattern and that was an apple to sell it at 132.99 as you'll notice here We did go up and we hit that this is a four-hour chart We did go up and complete that three drive to a top pattern It's trading it throw a couple bucks lower about a buck and a half lower than that right now So if you happen to have done that trade, I would put your stop out. I would lower it from 336 down to 333 20 so you don't risk more than 30 cents That's what I would do if you were in that and of course I'm trying to do risk averse trades as best I can So that's pretty much what I try to do Folks when I worked on the floor of the Chicago mercantile change exchange back in 1982 You know, I had been at Drexel where you know, I started in 76 and we didn't really have charts Starting to get charts like we get now until 1983 Because Tim Slater at Compute Track, you know, he started bringing those out You could start to see that this was going to be a thing to you know that we could be able to work out of our Homes and that's why I went back there to see if I could you know I trade against the floor traders and also to see that the orders were really fair That they didn't run stops and stuff like that and frankly they didn't die in the two and a half years I was there. I didn't see any of that if you put your stop in too close That's just because you put it too close But John Hill has a Hills rule that put your stop in because no matter what's going to happen They're going to get you on the higher low tick So remind yourself that that's very very important to do but what I what I've developed over the years Is something that is relatively simple. I can't do the real complicated stuff It just I know it makes sense to a lot of people, but I keep it as simple as possible folks I'm looking at patterns and I know these patterns work more than they fail The reason why I know that is Dr. Andrew Lowe in his book the non-random walk down Wall Street He proved that mathematically when that book first came out The first thing I did was to get an autograph copy and I got I was very excited and I opened it up And once I got past the preface I was lost I mean these these formulas that these guys at MIT use are just absolutely. Oh my gosh I mean just absolutely amazing, and I mean it's way way above my pay grade So I called John and Howard Errington up an instant and I said would you mind taking a look at this book? so I sent the book up to them and They came back with me in about two weeks and said wow They hadn't seen anything like this before that it made a you know a lot great deal of sense But most people would not be able to understand it and I felt pretty good with myself because I'm relatively normal I will within limits and So I said well I already know that they work because I've been using them for a long time You know I know that they don't work all the time if they work some of the time And that's what he said in the book they repeat they work and they're predictable Those are the three things that that I knew what was happened It was because of that book that we get all these charts and you know in Bloomberg and Financial Times and all the other place CNBC You know that's that's where these come from is because people started to look at charts more now that that MIT gave it the the golden kiss more or less. So that's what I try to do I keep it as simple as possible The losses they don't bother me because I just know that I'm that much closer to the next winning trade I do have periods where I lose four five six sometimes seven times in a row But then I also have times where you know, I'm golden that I can't do anything wrong And that's just the way it is you just flip a coin and that's it, you know even a coin toss folks is highly Unpredictable you think it's 50 50, but frankly it isn't you know That's what that's how these people in Las Vegas make their money is by you know They understand gambling that if you play long enough and the odds are against you you're going to lose So if you're going to trade what you have to do is two things get the odds in your favor Okay, and then try not to lose too much now two ways that you can lose is one Over-trading, you know if you're trading a one-minute chart or something like that Very good Jay But if you're trading a you know a one-minute chart, that's pretty hard to do and over-trading, you know Then 10 15 20 times a day. No one can keep that up. It's just it's just touch. It's just an incredible thing to try to do it is can't Just really you can't do it. It's just well there may be some people that can but frankly, you know I wouldn't be one. I've never been that way. I've never done any of those Those, you know scalping stuff like that even when I was on the floor the exchange I wanted to see how fair it was down there and it was very fair and it's still very fair right now You guys are just like a floor trader because you're paying what four bucks It's you know four bucks for in and out trade usually you have instant access You can see where you are. You know where your equity is within a penny. We didn't have that Back in you know the 82 83 84 area You had you had to go upstairs and then you have to get a special print out of where the markets were to find out Where you were so there's a lot of things going for you now that you that you have that we didn't have back in those days But it's still it's really you can do it But you've got to be able to develop something that you believe in and it becomes yours folks because I can give you some ideas But you know, that's basically what they are I know that they work and I feel comfortable that they work But that doesn't mean that they're going to work for you because until you make it your own It's really not worth very much. You know people can give you some ideas And it's like giving the kid a Lego set. You don't know what he's going to do with it You know, sir has a six-year-old grandson that what he can do with Legos is unbelievable It's just really yes a bcd is what I basically do so mark Douglas used to say a bcd a bcd used to come in every morning and Talk about that and that's what he did a bcd in the treasury bonds We're having a little bit of a rally in the bonds much as expected, but I think it's going to be short-lived I don't believe we're going to see long-term interest rates, but we'll have to find out now We get back from the break here, which we'll be coming up pretty soon I want to cover the US dollar because something big has happened there And we want and we have to cover the stock market to 8 7 7 9 2 7 6 6 4 8 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 Heated 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 so you have nothing to risk Start your subscription by visiting the front page of tfnn.com today, and you'll find the TAS profile scanner under the services tab sign up today Are you in the market for buying or selling real estate in the Bay area including the surrounding st. Petersburg Tampa and Clearwater markets Tiger real estate LLC is a firm that has extensive experience in the Tampa Bay area Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment Property Tiger realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed Decisions across all price levels 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 called Tiger real estate LLC today at seven two seven three two nine eighty three Twenty-two or email us at Tiger at tfnn.com that seven two seven three two nine eighty three twenty two call us today Many of our new listeners have heard about the Tigers dead The Tigers dead 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 plus see all the charts as they happen live and have access to archives of all of those charts You can test drive the Tigers then 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 Tigers then are on the front page of tfnn.com Tfnn has launched our brand new website. You can still visit us at the same tfnn.com URL But when you do you'll see a new and improved homepage with a much simpler navigation Whether you're watching Tiger TV 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 873-7618 Okay, mr. Z is asking a question to ever hold really long-term multi-month positions Not really anymore mr. Z and the reason why is twofold one is I enjoy the trading part of it and the second reason Which is more important. I have become risk averse in my old age as I reach that eight-year-long pole I know that I can carry myself to the end of the line And I don't want to get into a situation where I get my opinion mixed up with what I'm supposed to be doing I can see short-term patterns very clearly They all they happen enough in all these markets that I'm able to pick a few wild hogs You know acorns or stuff or whatever you want to say to make a living off of it And that's what I'm really trying to do and most of you several people that you know surprised or that subscribe to the 24-7 is why have not have I not tried to to pick a top in the S&P if folks I quit trying to pick that top when it went above 2970 Because I didn't know it was going to go after that and I still don't know where it's go All I know is I got the first cell signal in the stocks today It's interesting that that's what Steve Rhodes was talking about with when he went over with Tom to Mark stop and You know, so whether that works or not I don't know but you know, I'm willing to try it at that point right now I'm at a break-even point. So I don't have to risk very much at all But I I really don't it you know In a z you know this as well as anybody in order to do a multi-phase Position like that you have to have patience because you know You'll see the market go up and you'll see it give almost all of it back And you've got to stay with it The only person there were two people that I knew that could do that very three actually three There was the number one guy was course Amos Tostetter also Hold on one second The super trainers almanac, you know Frank Towsher was really good at it and my very good friend Jay cross who worked with Amos were able to do that but they only they only did those like twice a year So what are you going to do during the time that you're not doing it? I mean one of the things that Amos used to do was that when he was in a position He would day trade pork bellies and he was doing off of a ticker tape You know this was back when we had the ticker tapes going into the basket and that's what he did And you know you're asking what are you doing Amos? He said well it keeps my mind off my cocoa position and that's pretty much the way it was So that's that's the way it goes. I just one of the things you can do. All right Okay, let's move on here to Tom saying he has a new last name. All right, whatever that is a Trend has a higher probability of continuing then reversal you absolutely right Marshall Things go up until they go down and things go down until they go up The cure for higher prices is higher prices and the cure for lower prices is lower prices That's your law of supply and demand. All right now. We've talked about the crude oil I just mentioned it up here. We've hit a 382 exactly in the heating oil Almost into the gap area is now drop 10 cents a barrel from 10 cents a gallon from that level The crude oil also has gone up and made a three drive to a top pattern and has reversed and Both of those have given the same signal like in the stock market that yes the trend most probably has changed However, any move above those leg levels would suggest it's going to go hot a lot higher And you don't want to stand in front of it So that's the key to what you're watching here as you're watching these things I want to share just a little bit about gold here because someone sent a real interesting chart With is the ratio of the Dow to gold. I want to get this up here. I don't do ratio trading I bring this to your attention because it basically you can see the three drive to a top pattern Where gold is lower stocks higher gold is lower stocks higher and you'll notice if we come down to this level right here That's what I'd really like to see is that gold drop about three or four hundred dollars and get everybody bearish again Because I think it has a really good chance long term and remember folks from our good friend Bill Buridian we do have a Situation in gold where the month of June and month of July are the least Positive but you know sometimes those seasonals don't work. So that's the main thing to pay attention to you I I was really thinking I was going to get filled on my I have an order in to buy gold at 1660 and I looked like it was going to make it last night when we got to 1680 And then all of a sudden it jumped 42 dollars. So you've just got you pay your money and take your choice So you miss that one and move on to the next one So that's the main thing that you you got to do is you got to find which trades that you can put on With a with a minimum amount of risk and with a best profit you can get try to get three to one That's what you're always using and if you do you're using a BCD that three to one is built right into it So it's it's a good thing to to learn how to do it just to try to follow those a BCD patterns Because that's all these markets ever do they go up down in sideways and what you're trying to do is to pick You know which one is going to be the best now We do have something that we've been watching for quite some time and this is this US dollar index I want to get this up here So you can take a look at it We've held that support now for three days in a row. We've started to move higher Have it moved a lot higher, but at least it started in the right direction now if this pattern is correct We will not go down below 96 30 again, but that should be it in the US dollar index now If we break that that's telling us that that pattern is no longer valid And we're most probably getting ready to look at something, you know a whole lot different But we're right at a major support area well It's much better to buy it here at 96 30 than where it was back on March 23rd When was trading a 103 80 and we were to 1.618 expansion. That's what you don't want to do So that's where the patterns come in they give you a mount Amount of money that you don't have to risk because once they go beyond these, you know You're in unknown territory, especially when you go past 1.618. That's the seal. That's the silliest one, you know So with that See someone saying that Nick layer. I don't know who Nick layered is but someone sent me in the chart And it looked really interesting So I thought I would bring it up and and let people look at it because we have a lot of people interested in gold I I don't look at the seasonals too much folks. I keep honest to goodness I really just keep this as simple as possible, you know, it just look at the patterns You know you if you got a bar chart if prices are going up There's more buyers if prices are going down. There's more sellers That's the that's the bottom line of what you got to do And you got to get right that that the main cycle that you're looking at is that nine inch cycle the cycle between your left Dear and your right here if you get that cycle right the rest of it fits in real easily And there are some days where you just come in and you shouldn't trade if you're too tired If you're upset about something do something else, you know, don't do revenge trading. I mean my goodness. That's a you know, that's a Guaranteed recipe for disaster But if you're if you're trading in a in the moment and in the zone, it's real easy You're flowing you put the trade on you don't look at what's going on because no one else Cares what your position is and that's what you have to do the candlesticks help especially when you have old eyes You're able to count the bars, but I could live just as easily with an old bar chart I could very easily do that because the bar chart shows the opening price much better than the candlesticks do so but I stick with the candlestick because they're pretty and colorful and everybody likes to see him and That's pretty much why we're we're looking at him now at the break here in a few minutes. We're going to have David Paul Also a good friend. I've done some seminars with David and Tom who guard and he is one of Tom's Mentors and I think it's his You know, I think we'll enjoy it remember. It's easy as a BC. Yes trading is simple But it's not easy and the reason why it's not easy is because you have to take the Responsibility as a refiller Franklin you still that was respect you responsibility is what you've got to take folks That's the main thing RES PON DICT Responsibility We'll be right back with dr. David Paul Larry Pezzavento watches the markets 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 So you have nothing to risk sign up today If you're a trader in the market looking to find the path that leads to maximizing profits while Decreasing risk then now is a great time to try out Dave White's daily trading service the path of lease resistance Through the use of options and equity trades Dave advises his subscribers on a daily basis of the current market conditions and what possible trade setups are on the horizon The path of lease resistance is published every trading morning often with updates intraday when initiating trades or closing out positions Dave White has advised his clients of some outstanding winning options and equity trades in recent months And now is a great time to try it out for yourself new subscribers to the path of lease resistance Receive a 30-day money-back guarantee see for yourself the types of options and equity trades that are available by signing up for the path of Lease resistance today by visiting the front page of tfnn.com and selecting the newsletter tab sign up today Tfnn is excited about our new software charting program the art of timing the trade charts 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 traders methodology Using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci Formation setups including Godly's ABCs butterflies and much more the art of timing the trade charts 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 gonna love this new charting software that will even give you a 30-day Unconditional money-back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Okay, we're back folks, and I believe we have David Paul from across the pond at the UK David. How are you this morning? Yes, Larry. I'm great sir yourself. Hope you're all still above ground live in the dream. Yes Hey, what do you have for us today my friend? Okay, well, I just want to look at the US markets and Try and show you how we've navigated these markets over the last little while And markets are as I'm sure all your guests have said markets are doing some very strange things so That is Larry the Victovese composite of the USA Which is as far as I know the broadest measure of the American market that I know of that's some 8,000 plus shares that we follow on the American forces and they're equally sir equally weighted and Your Fibonacci levels accept to work exceptionally well on them So that's the standard candlestick chart and down below we have a Momentum indicator known as the market timing indicator and below that again The green line study is our proprietary buy sell ratio Which every night vector vests puts a buy sell or hold to every share in the US database And we keep a tally of the number of shares on a buy divided by the number of shares on a sell as a measure of the breadth of the advance or the breadth of the decline and What's happened is that? Based on the MTI and the buy sell ratio at during the course of March We were in a mega mega oversold situation and now we have moved into a mega overbought situation Couple of months later But on this occasion the buy sell ratio at 12.55 Is higher than anybody at vector vests ever seen before so we have a market that is Much much more than mega overbought now There is no divergence on the MTI indicator So this thing can't keep going but nevertheless, we're in a mega mega mega overbought situation Now the little red and the green triangles are our medium time market timing system It's known as the DEW and I'll spare you the acronym but that gave a buy signal on the six of April and This DEW signal when it's preceded by a mega oversold or Preceded by a mega overbought produces an exceptionally good signal now As you well know, I think Larry when it's time to buy you won't want to and when it's time to sell You won't want to but this wasn't that easy But I've been advising all our customers certainly in the UK to be buying into this market From about the 6th of April and that's what I've done myself I've also been warning all our customers that if we do print a sell signal here from a mega overbought Situation that that signal needs to be taken Exceptionally seriously and that will precipitate in my humble opinion a very strong and rapid sell-off. So I'm currently still long of this position I've been long as I say and added two positions on the way up, but I'm very very nervous indeed But I get nervous easily and my son tells me that I'm not happy unless I've got something to worry about So maybe I'm being on worrying unnecessarily This was a mega overbought situation here in the middle of February and as you can see when we got the signal We got this very sudden and fast decline. I think it's the second fastest decline In stock market history. So time to be quite careful. I haven't Initiated any short positions. I'm very influenced Larry by the work of Sun Zou. Have you read the art of war? I'm sure you have He says that the the worst policy is to mount an attack on a walled city If an impatient general besieges a walled city, he will lose a third of his troops So I shall allow the thing To in fact turn over and then in the words of William Ghan, I shall sell the first falling top so This is Again the vector best composite and it's sitting at 78% as you know, I'm quite sure you know the S&P has gone through that 78% And we're sitting right at the 78% retracement of that sell-off today So Mark was a little bit softer the last time I looked and I'm not quite sure how it's opened But nevertheless very very mega overbought situation the first signal that Prince I believe it will have a sudden on a fairly sharp sell-off. So I've victimized our edge Larry is to put together the fundamental position of a company with the technical position of a company and what I've tried to do in this very very simple search is to Victor vests proprietary Number for a trend the long-term trends called the comfort index So I've on a scale between zero and two above one point two that this is a share that's trending strongly and I've sorted all the shares by a combination of the comfort index and earnings growth rate and That brings the shares with the best combination of trend and earnings growth to the top of the pile I've also added just asked for a 200 100,000 shares traded a day I'm as defined by a 50 day moving average of volume so you can get in out of the things and I did that on the 6th of April when we got that buy signal and That's what that portfolio was done In that time in the American market the UK market Not quite as strong, but nevertheless. It's doubled the performance of the footsie 100 that portfolio is up 46% In this Rally that we have had is it a new bear bull market? Is it a rally? I don't know but nevertheless I've made my Cut for the year in this particular run-up, and I'm sitting nervously now Watching stop losses very carefully. I'm if one of those signals print that DEW signal prints Then I should be getting out of those and then of course we said to ourselves What we do So the next step, of course is to make some money on the way down And we have lots of searches my favorite is stinky Stocks to sell short and this again They shares with lousy fundamentals that are falling and if they fall in the way up or flat on the way up Then there's a good chance. They're going to tank on the way down and I run that from that Let's go back to in the next slide. I've got the Cell signal I was on the 24th of February and I've run that test from the 24th of February to the up signal on the 6th of April and That particular search in this case clearly a big red number is good the market fell by 22% in that period and that particular search is up 40% in That period so we've lots of short searches. That's the one that I've been using over the years so the objective is If the general market is rising I want to find shares That are trending up And I want to find shares that are growing earnings very strongly Do my best to try and outperform the market and then on the way down Try and do my best to outperform the market on the way down by Finding shares that are falling with lousy fundamentals and that's what vector best all about David we have to take a break. Could you stay with us till after the break, please? I'm here. I'm here, sir Thank you very much. We'll be right back with David Paul folks eight seven seven The gold market has taken off top side the large way in 2020 if you want to take advantage of this sector now Is the time to subscribe to my gold report the gold report took profits in four of its equities in the gold portfolio in the first week Of January for a combined profit of ninety nine point two percent with two positions left in the portfolio that have a profit of sixty seven point five percent as of January 7th The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30-day money back guarantee So you have nothing to lose every Monday morning I published a gold report with coverage of gold silver bonds the XAU HUI JDX as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting TFNN calm don't miss out on the next great gold trade sign up today Till the S&P 500 Continue to climb for bold trades on US large cap stocks in either direction trade SPXL SPU you or SPXS directions daily 1500 bull and bear leveraged ETFs Direction leveraged ETFs an investor should carefully consider a funds investment objective risks charges and expenses before investing a funds Prospectus and summary prospectus contain this and other information about direction shares to obtain a funds prospectus and summary Prospectus call 8664767523 or visit direction Investments.com a funds 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 Many of our new listeners have heard about the Tigers den the Tigers den is a lively community where professional traders and investors can meet exchange ideas and information in a comfortable moderated atmosphere here all of the TFNN shows Plus see all the charts as they happen live and have access to archives of all of those charts You can test drive the Tigers 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 Tigers den on the front page of TFNN.com TFNN has launched our brand new website You can still visit us at the same TFNN.com URL But when you do you'll see a new and improved homepage with a much simpler navigation Whether you're watching Tiger TV 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 The bull bear trading hour with Tom and Tommy O'Brien next Okay, we're back folks with David Paul from the UK David. We have a question from One of our listeners and that is do you put all of these positions on at the same time? Or are you scaling into those or how do the orders work? I've scaled into most of those Larry from the From the 7th of 6th of April should I say there the signal printed on the 6th of April in the US and the 7th of April in the USA So I scaled into those positions and I added last time I was on with you I spoke about a wake-off setup called a spring and The market in fact gave us many many wake-off springs on the way up and I've had Some really really good runs TTD have had a superb run in Recently based off a wake-off spring. So I certainly added to those on the way up. That's for sure and On on the way down, although I've illustrated that with 10 stocks. Normally on the short side I'm happy with three or four maybe five positions on the short side So So at the moment I'm in my equity portfolio, I'm pretty much fully invested and As I say watching very nervously I see today Markets opened up quite a bit weaker and for the first day and quite a few days If I go to the front page of vector vest here I don't know if you can see it But the the number of declines the first day in quite a while now the number of declines significantly higher than the number of advances. So That is a very signal. Oh, everything else is still positive on vector vest a short-term trend is up the medium to underlying trend is up and the longest measure of the trend using are used by investors is still up, but that's the first Sign of a turn that we've had in the program that the advances have been much much higher on the declines Over the last two or three weeks that this is moving up. So and S&P sitting at three two five Clearly a big big number. That's incredibly important there So I'm watching very carefully But still holding I do my best to try and add in Two positions as the darn thing goes my way Clearly as I said earlier When it's the right time to buy you won't want to and that was a very difficult time to be buying into markets down around there But it's always like that. It's always like that and now when it's time to sell It's going to be quite difficult to sell up there as well because you're scared of missing out nevertheless that rally that rally is going to make my annual target and I Could quite easily sit and chill now for the rest of the summer except there's nowhere to go This is the longest. I've been in the one place in about 45 years And there's moss starting to grow underneath my feet So I should have been since the lockdown. I should have been in South Africa twice I should have been in Canada once in North Carolina once And I've been I could be in worst places. I'm a knotting Hill here in West London, but Starting to know I love that movie. That's a I love that movie with Yeah David could you tell us a little bit about On the sequence of trading that you do do you run into periods where you have You know trades go against you for like say two or three four weeks at a time and how do you handle that? Well There's no doubt that this market has been really fast and quite exciting to be in because most of the positions have in fact Worked and worked very quickly indeed That's unusual in the run-up that we had if you look at the left of this chart here in the run-up that we had in January February where I was also long of the market. That wasn't the case and that Moves into the whole issue of time stops in the market I was taught to trade first by George Lane I went on a three-day course an old George used to coach a Three-bar time stop and if you were trading a daily chart He used to say that the darn thing didn't move your way in three days that you should run for cover at the minute in a stock there's a stock called AMD and I've been sweating on that stock waiting for a breakout now for two or three weeks And it's starting to become a bit painful So I've been tempted that the target from the breakout is huge on the upside But it just doesn't want to break and with this market starting to become Quite mature I think we're much but whatever happens today or this week We're much nearer the end of this trend than we are in the start of this trend So I just need to call that I probably Larry give them a little bit too much time I probably give them too much time certainly in the stock market If the underlying trend if they if the general market is up on the fundamentals of the stock are good Then I probably give them too much time In the forex market where I also take some trades I'm Trade primarily there for our chart if if the thing doesn't move my way and three or four or five Bars I get out of it. I have one trade in the forex market at the moment I'm short the dollar along the Japanese yen And I have an order in to sell the pound against the dollar, but it hasn't been filled as yet So looking forward to the forex market I've missed out on a little bit, but I'm It looks to me as if the pound wants to fall and it looks to me as if the euro wants to fall and The dollar yen can go a long way yet and also the dollar against the Canadian looks as if it wants to move Quite markedly. I haven't done anything on that as yet In the equity market 10 if the fundamentals of the share are good If it's above if the underlying trend of the market is defined by my simple red and green Triangles is good. Then I probably air on Giving them a little bit more time than maybe I should I don't know if I've answered that well or not, but that's that's what I do They were interested in Looking at the vector vests for them. So how does that work? Have you go to vector vest? Com and there's a risk-free trial there. It's a 30-day trial And you can test it all those searches a 30-day trial is $9 and And that vector vest when you take that trial you can get in touch with me any time I run weekly webcasts on how to actually make the thing work Vector vest is a conservative method of outperforming the market when the market is rising and also Outperforming the market when the market is falling if you've got the stomach to sell something you haven't got And there's no doubt that the short side takes the short side is different when I speak to a room of new people are They they make the Assumption that if you can make money in the way up you must be able to make money in the way down But I've always found that you've got to be better on the short side and certainly in London And on the short side of the stock market. You're competing against completely different people You're competing against professionals and I see I It's vector vest calm if you're in the UK if you click on vector vest calm that automatically takes you to vector vest I'll see you that UK, but if you're in the US vector vest calm then the top right corner you go see risk-free trial and $9 and you can try it for 30 days if it's If it works great if it doesn't work we shall remain friends Hey Listen, can you split that $9 into three equal payments for you? We'll be right back folks eight Thank you for joining us David. We'll have you on again soon my friend. Stay safe. God bless. Bye. Bye Back in the day, I joined the Hotel California in 2006 and like many of you was drawn in by As well as have you think about you bring about whatever you focus on growth You see I believe that everything in life happens for us not to us and Tom ignited the fire within me to want to learn How to master the markets so how did I go from knowing nothing about technical analysis to becoming the number one market timer for the S&P 518 and the number two market timer in 2019 Simply put I hired coaches with a proven track record Which led me to a whole new set of tools that I created to interpret the message of buyers and sellers I would love the opportunity to teach you this award-winning set of tools and help you improve your market You can test drive my newsletter service mastering probabilities for the next 30 days with no risk to you Plus you'll gain access to archive workshops It'll take you step-by-step through my system sign up today by going to the homepage of tfnn.com and selecting mastering probability in the newsletter tab If you haven't checked out the 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 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 tfnn.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 tfnn.com Okay, folks. We're again. We're having a bifurcated market as Basil likes to talk about we've got the Dow down the S&P down And we got the old NASDAQ about four points from making another all-time high up there at 9909 only 10 points from where we are right now So whether that continues on or not will have to wait and see but the Dow and the S&P have sold off just a little bit Whenever this thing does turn and I'm not sure when that is going to be it is going to be very volatile folks That is one thing we can almost guarantee Because the volatility index believe it or not has gone up the last two days with the market We're getting hit 1,100 point well 1,000 points on one day and 490 points on the next day and the volatility index is going Which means they're expecting more volatility. That's what that means. And so that's what we're probably going to be seeing is more volatility So watch that also. We just made a new high in the NASDAQ just now as we speak that 9910 We've already sold off 10 points from that level. So we did complete that and let's just look and see if that happens to be a Three drive pattern. We can get that up here. It's not as symmetrical as we like. Oh, yeah, it is pretty symmetrical after all Let's take a quick look at it. Hey, this is not for the faint of heart folks. Believe me. This NASDAQ is make support bellies look like Mother Teresa's Chicken soup, but you'll see here That's not a very good analogy, but you'll notice from the high that we made yesterday This is just a 15-minute chart those are equal and you notice that 103 levels means that we did exceed the high of yesterday And so that's important. Remember, we came down look we stopped exactly at the 61% retracement today early in the middle of the night Right there. Look at that We stayed there for well over two and a half hours and then you go up and make a new high and we're continuing to make new High so that doesn't mean it's going to turn from here It just means that it's made a potential for a triple top now if the market gets above 99 20 That would tell you that it's most probably has going to continue higher and maybe make an even higher ABCD It might pull the rest of the market up all those are mites and could bees what it could and shoulda your three favorite cousins And you've got it aside Which one you're going to invite to dinner and you're the one that decides the Responsibility where they're going to sit on the table and how much they're going to eat So don't let them take all the orders themselves folks You got to be very very careful in these days and you stop so we'll see you on the flip side tomorrow We have our good man Stan Harley of the Harley stock market letter tomorrow Which always got some good stuff and Stan remains various even though the Nasdaq has just made a new line