 of traders. Sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now, Larry Pezzavento. Okay, looking good. Billy Ray feeling good, Lewis. I posted a notice that came on CNBC today when Paul Tudor Jones came on of Tudor Investments and said that it was very bullish in stocks and we were green every, red everywhere and all of a sudden the market just exploded to the upside. And of course it's continuing to rally today. We've just gone positive on just every single index. It reminds me of another gentleman going back into the 60s, 70s, and 80s. His name was Joe Granville. It was known as the Granville Moment because when Joe said something, folks, be careful because the stock market would move one or two or three percent. This was back when it was trading, of course, you know, at $700 in the Dow Jones, not $34,000. But he had a big, big following. And I remember one thing very, very vividly. In 1979 we had a directors meeting at Caesars Palace and Joe Granville was the speaker. The entertainers were Lou Rawls and Liza Manelli. It was a big weekend and all the directors were there and anybody that had any good production numbers was invited to go. And so I happened to be there. And Joe came on the stage and there was a little monkey with his little glockenspiel walking around. And then also there was this beautiful showgirl came out with this tray, silver tray with this some type of cognac or, I don't know, brandy, something, I don't know, 1820 or whatever it was. It was a couple thousand dollars a bottle. And he proceeded to toast. The monkey gave him, gave the girl the corkscrew and she opened it. And he proceeded to toast all the suckers that didn't just subscribe to the Joe Granville letter. And of course, everybody laughed and clapped and everything. And my director sitting next to me, Bob Zussman tapped me on the shoulder. And he said, Larry, he said, sell it. He's selling. He said that's high tick in Joe Granville. And the moral of this story is about seven or eight years later, I'm on a panel with Arch Crawford and Joe Granville at the Money Show in New York. And I told Joe that story. And he looked at me with the straightest face you could possibly say and say, you know, that was my high tick. I never got any higher than that. And he fought, he fought the alcoholism. But what a great guy he was. He really so much good. And the one thing if you ever were walking around Joe Granville and he knew you and you had a check to pick up, no chance. He always picked up the check. It happened to me a couple of times over the years, breakfast or lunch at some of the things he would always pick up the check. And but he was a really super fella, lived to be almost 90 and was married to the same lady, lived in Kansas City. Just a super guy, well loved by everybody. But that was known as a Granville moment. And I will always, always remember that because of the fact that it was spot on, you know, perfect timing. He said, sell it to you. High tick is what he said. So anyway, that's I wanted to bring that to your attention. Paul Tudor Jones does have a huge following and he should because he's very, very good at what he does. And one of my favorite Paul Tudor Jones quotes was from the Wall Street Journal in 1986. They were interviewing him and it said, How does it feel to be Paul Tudor Jones to call the absolute bond market low before it rallies, you know, $10,000? That must be a wonderful feeling. And he said to the reporter, he says, Well, he said that's not accurate reporting. He said the reporting should be. Yes, Paul Tudor Jones called the exact low in the Treasury bonds before they rallied $10,000 after being wrong six times in a row trying to pick that bottom. And that's what it said in the Wall Street Journal. I wish I had eclipsed it out. But I didn't. Anyway, that's what that's what the story was on that. So I remember what people say and what people do or sometimes, you know, a lot different things. So we got to remember, got to do your own thing and markets react to these folks that are very smart and some people that are not very smart that react to them. But anyway, that's pretty much what I wanted to mention to you today. My guest today will be Rich Anderson. We're gonna be talking about the grains because they've had a really strong rally. Well, 15 cents in corn, which being down forever is actually a pretty good move. Tomorrow we're going to have Jeff Fuge of Alpha Insights on Wednesday. We stand Harley on Thursday, Norm Winsky and on Friday, Bill Meridian on the following Monday. We're gonna have Jim Bartolioni on Tuesday. We're going to have Mike Moore. So we've got some really cool guests coming up, which will be, which will be a lot of fun to hear what to hear what they have to say. Okay, now let's move on to a couple of charts. I posted a chart here, mainly of the one that I'm watching, which is the NASDAQ that is so very, very important with all those numbers coming together up there at that 13,494. And folks, people ask me, well, how do you do it when you're when you're in a position and you get a $2,000 profit and they take $1,400 away from it? Folks, I don't look at the markets all day long. Sometimes if they're down there and I see something that says, yeah, well, there'll be a little bit of rally, I might, I might rally, I might rally a little bit. In fact, when Paul Tudor Jones came on and said that, I said, oh, here comes a rally. And so I expected to rally a little bit. And that's in fact, what it's done, haven't done anything since that time. I took a small, you know, profit on the scalp. And that's pretty much it. Now, there's another article that was sent to me by by Rich Anderson. And that was from the New York Times. I have never read a New York Times. I've never bought a New York Times, but I hear it in the news all the time. But it's basically saying that the the three failed banks that were failed here just a few weeks ago were bigger than the 25 banks that fell that crumbled and filed bankruptcy in the 2008 thing. Remember, that was the one with the real estate bubble. So that's you got to remember some of those things. And remember, in the NASDAQ, I wanted to remind you of this. This is the market caps on some of these big things. I you'll see how just a few stocks have been moving the market. And as you pull this up, you'll be able to see here. There's what's happened. You see had all of these stocks here. Look, look, some of these have been up 90% like meta, of course, meta. Facebook has been down quite a bit. And then it popped back up. But you know, Apple's still up 30%. Microsoft is up 29%. Nvidia is up 94%. But you know, some of these that look at the health care stocks have not been doing pretty good. So those are some of the things you want to pay close attention to as you're watching some of these things going on here today. If you have any questions, it's 877-927-6648. And I want to share with you a chart from our friend Jeff over in New Jersey because he had a beautiful pattern. And I want to explain why these patterns are fun. Let me get this up here. And we'll be right back 877-927-6648. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60 minute webinar archive. He just hosted forex strategies and fundamentals. What is behind the Tiger Forex report? For all the details and to start your 30 day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. 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. Hey folks, I posted a chart from our friend Jeff over there in New Jersey. It's a beautiful, it's a 15 minute chart of a cross-rate Euro Yen, I believe. And as you can see, we have absolutely three lower tops, just absolutely perfectly symmetrical. You can see the ABCD structure, the target. Everything is lining up perfectly. You see, it's got a nice profit in it. And he said, you know, how does it look? And I said, it looks just really good unless you get above that high right there. And it was acting just absolutely perfectly. And at the same time that Paul Tudor Jones said something, you're going to guess what happened and I'm going to bring this up and show you why these patterns are just as important when they lose as when they win. And as you bring it up and take a look at it, you'll see absolutely, well, this actually was a 382 retracement, but you don't know that. You're expecting this. So all you do is you put your stop right above here, ended up with a very, very small loss. And that's what it's all about, folks. It's not how much money you make. It's how much money you don't lose. And that's the key to what you're trying to do. The two things, when Mark moved here, Tucson, and he was writing the book, Trading in the Zone, and we were going over all of these accounts to over 10,000 of them from Merrill Lynch. And the two reasons why people lost the most was one was over trading. And the other reason was putting stops at the wrong place. They would use, you know, like a three point stop, a three tick stop in the bonds or something like that. That was the two biggest characteristics. There were, you know, some of the accounts, of course, didn't use stops. And they got, they got massacred too. But the two biggest reasons for most reasons for people losing was the over trading part. And then also the fact that they put their stops at the wrong point. That's why Fibonacci numbers and, you know, the other numbers of sacred geometry help you to get a pretty good chance of where you should put your stop. It doesn't take a mental giant to realize once you get above this level right here that something's not right because it was working perfectly and now it's not. Well, it's way up here right now. So there's a perfect example of, you know, the one that, you know, the way it happened. That's pretty much it. I wanted to share a couple of charts from the newsletter that we do. Trade what you see. This was one that is really important. People don't pay too much attention to it, but it's basically the credit default swaps, folks. Let me get this up here so you'll be able to see it. You can see, now this, this looks like a tulip bulb. I mean it really does, but this is the credit default swap on the bonds. And that means that they're taking insurance that some of the bonds are not going to be doing. I can't believe that they would get up there, that their, you know, treasury bonds have not been repudiated for, I think, 150 years or so, but we've raised that debt limit 96 times out of 115 years. So there's not going to be anything different with that, but someone is scared and they are taking protection and that is a big deal. And I don't understand it too much, but all I know when I see something like that, that's a sign that somebody is absolutely scared. Now the other part of that, as you can see, I'm going to get the price of the of the T-bill, the one-year T-bill, to show you that people are moving into T-bills. And if you remember we had, on Bloomberg this past weekend, we had Jamie Dimonon, and of course they asked him what he would do, and he said I would be a central bank. I'd buy T-bills. And that's why, you know, you see this, what's going on in the T-bill market. Now there's a lot of talk about inflation, and I've lived through this inflation stuff for many, many years, and I want to go back with you back to the 1980s when inflation was really, really bad, and Jimmy Carter brought in Paul Volcker. But as you notice here, this is 1980 folks, this is when gold on the 20th of January 1980, that's when gold topped. And you'll notice it was a beautiful three drive to a top pattern right up in here. And, you know, we were out of all of our gold and silver, mainly based on this three-drive pattern that, you know, not many people knew about it. I mean, people that read Gartley's book certainly did, but that's neither here nor there. But you can see that's when the inflation really stopped. And of course it went down from 13% or whatever it was down to one or two or three percent what it is today. As it's reported, and you know, as well as I do, these numbers are massaged, you know, you go into one supermarket and you got eggs at $8 a dozen, you go to another supermarket and they're $250 a dozen. And you see strawberries are $6.99 a quart, you go three days later, and they're $2.99 a quart. So you just don't know. But you can see it in your bills because you're paying more, well, paying a lot more for gasoline right now, and you're certainly playing a lot more for food. But the actual figures, back in those days, what they did is they took food and energy out of the index, and that's what got it started going down, believe it or not. That's what they actually did. We'll have Rich on, I'm sure he'll remember that. But we're having some big moves here today. Not big moves. I mean, these grains have been absolutely massacred, but you know, we got weed up about $0.20, we've got soybeans up $0.15, corn's up $0.12 or $0.15. But these are just short covering rallies from the market being, you know, very, very oversold and undersold. And that's part of, you know, the thing that we're paying attention to. Now, I've had a request to take a look at something that we've been relatively friendly to for quite a while, and that is the natural gas. And as we get this up and take a look at it, now this is a a four-hour chart, and you'll notice here that this, this was the big bottom. You can see the the ABCD bottom that was right there. Then we had the pullback came right to the 78% level, and then we had the pullback that came down to the 61. That was really strong support there at that 218, the 216 level, and now we've reached up as high as 236 today. And that completes an ABCD, so what you'd be starting to watch now is to see the market back off a little bit in this area here, making a nice little 135 pattern, and then you have a really good place to enter. And I think we're going to be going higher in the natural gas. We've had a pretty big turnaround today in the Crudo complex because it was sharply lower early this morning, and now it's, it's starting to move a little bit higher. In fact, it is higher today after, after being lower. So those are a couple of things that that are paying attention, that we're paying a very, very close attention to today, and had one other chart that I wanted to bring to your attention. We're going to take a little trip across the pond here and take it to German Dax because we had a really nice sell-off in the German Dax, and then of course we've had this really nice rally that's been going on. So we just had a 3-8-2 pullback here, but look, look at the beautiful A-B-C-D pattern here that completed. Is it true that someone got through on the phone lines out? Is it true? Is it true? And it certainly is. We have Jeremiah from Arizona. What can I help you with, young man? Hey sir, real quick, I just had a question. I've been reading your book and it has drastically improved my trading. I mean drastically, and thank you for that. But anyway, the A-B-C-D pattern, me and my wife, we're both Jeremiah. Stay with us till we're up. We're paying a bill right now, so come on in about in about five minutes and we'll ask your questions so everybody cares because no one can hear us right now. They're paying bills. Oh yes sir, yes sir. Just stay with us and stay on the air. The Gold Report As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at tfnn.com 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 Pesavento 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 Educating Investors 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 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. We're back folks. We have Jeremiah from Arizona asking a question and we also have Rich Anderson on the line. Welcome Rich. Jeremiah, why don't you go ahead and ask your question about ABCD? Oh, maybe he passed? ABCD patterns. When D completes, is it normally a reversal? I don't know what the probabilities are. I've been being really patient and waiting for my, you know, my retracement, but I was just wondering what what can I expect at the end of D? Well, at the end of D you should see the market reverse and go the other way because that's where your entry point is at D. Now there's two reasons why not to enter at D. One is that you have a really long bar, in other words extreme weakness or extreme strength, or if you have a gap that's in that area, then you want to be careful other than that. You can do all ABCDs and if you've looked at the floor trader's handbook, you'll know that the odds on that are 61% of the time you're going to win and your payoff is going to be three to one, but that's over a period of about 30,000 simulated trades in the euro, so it doesn't work all the time. So if it starts going below D by more than you want to risk, you know that there's something wrong and you get out of dodge. It's quite simple. Oh my gosh. Thank you so much. My trading has improved so much. I've been working at this for three years and I'm just I am filled to the top with gratitude, so oh my gosh. I'll get that. My wife is trading too now because she's seen me being successful and she's also on board, so thank you. Okay. Just make sure you don't go to Texas where big D is. You don't want to get in any trouble there, okay? And by the way, make sure you use stops on everything, okay? Jeremiah, very important. I appreciate that. Yeah, risk management is king. Yeah, absolutely. And speaking. Thank you so much, Larry. Thank you, Jeremiah. We appreciate it. And speaking of Rich Anderson and at risk management, we've got Rich on the line. Rich, how are you doing, my friend? Doing great. How are you doing, Larry? I still live in a dream, but I like to hear stories like that. I remember hearing a story like that about in 1971 or 72 from a fellow out there in South Dakota named Rich Anderson with the same excitement. Do you remember that, Rich? It's been that long ago. Yeah, that's a long time ago, wasn't it? It sure was. Anyway, tell us what the heck's going on with the grains. They're going down into the sewer one day and the next day they're heading for the moon. What happened over the weekend that made this big rally occur? Well, you know, I sent you the estimates for the crop report, which was on May 12th. Sure. And so often happens, you know, you buy the room or sell the fact. There's a very short board for corn and beans. And it was probably the week. Now, if you notice the Kansas City Week, they jumped about $2 or I mean, they jumped $1 over the last two weeks. Wow. And if you notice Kansas City Week, which is a hard red winter week, is significantly higher than Chicago. I'm not in front of my computer today, but I guarantee you that's what's going on. And we, you know, I can remember one time a favorite crop report came out and it was so various you couldn't believe it and the market went straight up from there. Now, I don't know that that's necessarily going to happen in these grains, but what's what's happened is everybody that all the various news is already sold into this market. I mean, yes, basically the government came out and said we're going to have our carryouts increase by 55% in corn and 56% in beans for next year versus past year. And if indeed that becomes the case, that's quite negative. But you know, the price is already factored that in for the moment. And by the way, we're still planting. Now that you watch the planting reports, they come out every Monday night and they'll probably show the corn at around 50. What am I looking for? Corn's going to be 40% done and being 65% done and the spring wheat normally at this time of the year would be about 65% done that it'll be way behind. So that's why, you know, there's life in the wheat and, you know, with these low corn prices they'll be feeding more corn instead of wheat in different areas and, you know, that that's how things work. And so what I'm doing is sitting here watching these markets, looking, you know, looking at these prices is probably have an opportunity, but I want to see market action number one and then two, I want to see some kind of on the metal set will gel with my observations and that can easily happen. You know, it's a very rare year where we have absolutely no worries. And believe me, when the farmer puts that money in the ground, he starts to have worries and so does everybody else. And so far things are going pretty smoothly, although like I said, the spring wheat's going to be behind in this planting, but that's what I'm keeping track of and that's what will tell you that there's going to be opportunity knocking. Rich, have you ever been, have ever seen a year where we didn't have at least one, two or three crop scares? I mean, I can't remember one. Nope. Yeah. Nope. And for corn, the average, but basically the markets and the seasonals, if you studied it, both in volatility of corn and of the price, you know, they tend to go up as you have the increase of the average daily moisture need of corn, which increases as you go into the middle of July and then it starts to decrease until that's what typically volatility will peak if you're an option trader. And that's typically when the concern for crop will, you know, be at its maximum. On the flip side, we've got the wheat tour for the hard red winter wheat, which is a canned city crop, starts this week. They'll be in Wichita on Wednesday night and they'll be looking at some stuff that looks very ugly. And, you know, that'll probably be the most bullish news for the moment in that particular market. And so you watch the market action there and, uh, you know, that's, that's, you know, that's how simple people do things. You keep it simple and take intelligent risk. You're a calculated risk taker. You've got to know what your edges are, you know, and that's, that's how it's done. It doesn't matter what the market is. Same in every market because it's human psychology. Amen to that, my friend. It certainly is. Listen, I know you're really busy today, but thanks for popping in. And if you see something, keep dropping those emails into me and I'll forward it on to the folks that are watching these grains go up and down because there's going to be some great opportunities there for sure. So thanks a lot to him. I'll keep you posted, but the one thing I sent you this morning at five o'clock or 4 30 whenever it was was a credit default swaps. That's the amount of insurance that these bond traders need, you know, they figure that the governments eventually going to come together and raise the debt limit. But right now, the credit default swap are higher than they were in Brazil as an example, which is the country that has issues and in the interest rates increase in the inflation rate in Argentina, it makes your head spin. So, you know, we don't have anything like that yet, but we have to be on guard. So I will keep you posted and there'll be an opportunity here. You know, you just need got to have an open gun. Boy, that's getting rabbit. All right, but he listened. Thanks a lot, Rich. We'll have you on again soon. Rich Anderson folks, Anderson Capital Management. We'll be right back. 877-927-6648, Billy Ray Valentine, Capricorn. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman 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 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 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 S&P 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 principal. 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 VGZ. Okay folks, I posted the little ABCD pattern here in the Dow Jones as we were on the air. And oh dear, I don't know what happened to it but let me get it up here again. Shut the front door and raise a rent. Boy don't ever leave an Italian with a mouse. Okay, here's where we were when we were on the air was rich. I tried to get this into the air. I know I did but as you can see we did make the ABCD. We've sold off. So if you sell ABCDs you want to go back and put your stop here protect a little bit of a profit maybe just a hundred bucks but that's what you want to be looking at Jeremiah. You had a very perfect ABCD there just as clear as a bell. And of course it worked in the right direction so far. Now we've got another one out here that looks really interesting from a long-term perspective and it happens to be something we don't trade very often but it was the only one of all the commodities that set up for an absolute perfect ABCD and it was hot chocolate folks. Cocoa the sweet and as you can see here we have this beautiful one, two, three drive to a top pattern. And if you blew this up and really studied it you'll see that the AB leg is equal to the CD leg in both price and time and that means that the one, two, three drive to a top pattern is as perfect as it can possibly get. Folks I have not traded Cocoa in over 50 years I haven't done it today. I don't trade Cocoa it's just not something that I look at but three people that take the newsletters say hey this looks really good and guess what happened today. Yep it was one of those that worked really good and you'll see it had a big gap down and so I'm glad that one worked. But these like I said they don't always work. Jeff had a perfect pattern today in his cross-rate and yet what happened was it didn't quite work the way that he wanted it to work and that happens all the time folks you're only going to be right two out of three times. The you know folks when I when I do that the videos and stuff the hardest thing for me to do and it took me years to do this and it was because of working with Mark is to don't pay any attention you don't have any control over what's going on. The dumbest thing you can do is sit there and stare at your god darn machine either you're making money going up or losing money going down that's like that's like mesmerizing you and that's not what it's about. You know go look at something else if you're in Cocoa go look at live cattle or hogs. Today a hog move we had a monster almost limit up move in hogs and we've been waiting waiting to buy them but the problem was yes the problem was they didn't get down to the exact price that you know I thought they were going to get to so when that happens there's nothing else you can do about it but I'll I'll bring this up and you won't believe where they're trading they're trading up around 88 right now they're up on most limit and that's in the in the face of a I don't know some some negative news and stuff like that but it made the 1.27 here but I'm looking for this level right here down another penny and we didn't get there and now we're way up here that's one I missed so what do I do I forget it just like I tried to buy July corn it looked like it was going to be a mortal lock that you were going to get filled today in July corn when it opens boom opens five hour five five cents higher and moves 17 cents higher so I don't chase markets so that's a part of the factor that you know when I'm doing these things I just can't do them but they I can't do all of them I try to find the ones that seem like they're the best but you know they're not always going to be that way you just don't know and and I see some of these huge swings that happen in today and sometimes I see them and sometimes I don't see them and it doesn't make any difference this is what I'm going to tell you now folks listen up real closely no one really gives a hoot whether I'm looking at the machine or not and that's your machine and all the other trading machines no one really cares whether you're looking or not so if you're in something and you're watching it go up and down you're not doing yourself a favor go do something else go do analysis in the euro or something like that that's all you have to do because if you're watching these things go up and down is just not a whole lot of fun I'm just saying like it is just since we've been on the air the S&P's dropped 25 points and the Dow's dropped 250 and I guess Mr. Jones maybe changed his mind who knows what evil lurks in the minds of these reporters that put this stuff out here you know that's the whole key to what we're looking at the whole key is right here in Jeff's chart let me let me bring this up here because this is really he did such a great job on it and very proud of the work that he does but and he has some really good trades and this was a good trade he broke even but it was still a great trade now look he only went down to this level now had he known this was the 382 and I already knew that he put his stop right here because he already told me that he said is that a good pattern it's absolutely a perfect pattern look at this you have A B C D there's your rally back that sets up an absolute perfectly symmetrical one three five pattern Bada Bing Bada Boom and hats off you get to kiss your sister because she's a lovely person and by golly you break even and that's what it's all about it's not how much money you make it's how much money you don't lose what would you rather do sit there in front of the train and let the train run over you I don't think so you don't want to have that happen remember it's a market of stocks not a stock market that's the key to watching these things as we move through these trading days we've got a couple minutes to go if you have any questions 877-927-6648 I wanted to share one other commodity that is certainly in the news and it will be very very important because it was up strongly a little earlier and now is giving up the ghost because I I believe that this is copper the metal get this up here the old red metal and we were up about 7 or 8 cents at one time and then it started to move lower and then there's one really really super super absolutely super duper one that you've got to be really careful of and we were able to put this trade on with an absolute minimum of risk and that is the trade in the silver market and so as we get up here I want to show you there's where we were on Friday and folks we were on the air while this was happening and we went right down to that level of 23 91 and we said that should be a buy you know within a penny of that and it did and it's rallied it's only rallied about 40 cents the key here is just like what Jeff was looking at if it goes below 23 91 now folks do not be long because that means this thing is going to go lower it had a big wide ranging day down it stopped right where it should have right during the midst of all that battle somebody with lots of bucks came in and said I'm buying silver at 23 91 and 23 92 was a good place to buy it you only had to risk it 10 cents on that actually probably a lot less but if it goes below there now after that rally oh that's not good that's not good so let's take a break 877-927-6648 we'll be right back if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options 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exact numbers folks I mean to the exact tick at $13,944 the number was I think a quarter of a point higher than that than 94 I think 94 and 3 quarters and not only that folks but that thing has had a $3,000 profit twice right now it's back to a $2,000 profit because we had a rally then a sell-off but I mean to sit there and to see it going back and forth like that I was watching that I was watching bonds and I was watching gold and I was on the phone with someone so I had no idea that it was bouncing around like that I had my orders in to protect my profit and that's what I told the folks to do but you know if you start looking at that stuff it's going to drive you scosci buckatotti and that in Vietnamese means absolutely crazy so you don't want to go in that direction but should we get above there $13,500 folks that would be very very bullish that means that there was no sell-off well there were a couple of sell-offs but the market came back both times and away it went to the upside so let's keep our don't your opinions are often wrong but you've got to take take care of the losses that's the main thing you know everybody has an opinion and it's like an armpit it usually smells so if you get above that level that we made Friday that's not good and that means that would be a failed pattern because it hit it so perfectly twice and then almost again today that's the third time so somebody was trying to push the market up and so far it's backed off a little bit but it's still you know still a little bit to to see you know what's going to be happening with it from these levels but anyway that's what we're you know trying to keep an eye on we'll be back with another show so stay with us 877-927-6648 trade what you see Fibonacci 24-7