 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, folks, I've been doing this show for 17 years and there's Don McLean sending that wonderful musical thing The Day the Music Died, which was a tribute to Buddy Holly when he passed away on an airplane crash on February the 3rd of 1959, I believe, out there in Iowa someday in the middle of a snowstorm, much like they've been having. But I would like to try the very last ABCD pattern that I will ever use. I'm moving over to moving averages, starting on Monday, folks. I've got some really interesting ones that look really good, the crossovers of the 50, the 150, the 250, the 300 and the 400. And when they come out together, it'll look very, very interesting. But where we are right now since October of the 2022, where we made a bottom and then we made a bottom in October 2023, the ABCD on this weekly chart, which most of you know that I don't do weeklies, but we tried the short side on Sunday night at 48.92. We put our stop at break-even. It only broke the 20 handles and we were stopped out of that yesterday, I believe, but you look at this long-term weekly. Now, this is the catch. This is not the catch. This is the futures. The March futures were on the board two years ago. So it's just coming, it's finishing up right now. Well, I don't know if it's finishing up. You can see up in the right-hand corner here, the deep price is $45.35. So far the high has been $49.35. So far today, $49.33 has been the high. So remember, we were shorting it right in here and what we did was we got stopped out and moved on to another thing. So we'll be paying very, very close attention to this over the next few days. But I am excited about this new moving average. It has some oscillators. We've got some percent Rs. And we've got some relative strength in there. And one other one, the trend channels from... I can't remember Joe. Let me see. John Bollinger bands are fixed in there pretty good. So anyway, by the way, when Tom Keen was fired, well, he wasn't fired. He was basically fired 20 years ago. At the top of the dot-com bubble. My buddy, Mark Keens, started CNBC with the Suher era, back in 92, 93, whatever it was. And he was fired. And a week later he died. He died of a heart attack. He had a broken heart and he died. So you don't have to worry about me dying over broken heart, folks, because this little pattern has been serving me well through the years. Those of you that were in the gold, you've made some money in that today. We had a nice run in the crude oil. I'll bring this up here one other time to let you see the crude oil. We had just an absolute spectacular target on this. And it was working very, very nicely. And then also we were shorted the APO cattle today, which so far has made just peanuts. And not even enough to make peanuts, but there's your first ABCD pattern right here. And then if you look at the other ABCD pattern right here, you got it lined up pretty good. Now if you add the moving averages to it, you can see this is one of my favorites, which is the 13 culmination of the 12 and the 19. You'll notice that it brings some support in here right at this level right here. So we'll find out. And you know what, folks? I'm in such a bad mood because of this internet problem that I'm having that it's just absolutely comical. I mean, this place is spectacular, except for the fact that the internet, I guess they don't want people to use the internet while they're here. Anyway, that's me. I'll be in a regular place here tonight, hopefully, and then we'll be having show normal. All right, let's move on to a couple other things that we want to be talking about here just to show you today. Oh, by the way, those of you that have asked about the bonds, okay? We've been waiting to buy the bonds. Let's get this up here. Very diligently. We've been waiting to buy the bonds right here. Let's just get this up. Get this out of the way here. I think there's our number right here is 1824. Folks, we're now less than a point away now. You see that? We're less than a point away. So if this is any good and we got the numbers out tomorrow for GDP, APC, whatever those numbers are. So those are some of the things that we want to be looking at. And hold on one other thing. I wanted to talk just a tiny bit about silver because we had a really interesting move in silver. Those of you that got the videos and folks, I know some of you have not received the videos, at least not on time. And that's mainly because of what's happening here. I apologize. Hopefully this will be the last day of it, but here's what we've done so far. We've had this big break in gold. We got out of it. We bought gold at 26 yesterday. I recommended early this morning, long before gold was ever, it was a trading at 2034. I had been 2038. And I said, it's not acting well. You've got to get out of it. And so whether they did or not. And the reason why I said that is if you looked at the price action and what's happening to silver, you see the high today in silver. Now this is an hourly chart folks. I'll blow this up. You see it hit it twice in this hourly timeframe. So this is a very significant point in my opinion. Right here is where we recommended yesterday on the 23rd. We've had that a little pullback right here. And this is an hourly chart. See it took six hours. We're going to make a 382 retracement. I said, this looks like it's ready to go. And that's why I said, buy the gold. I'd like to buy gold rather than silver, mainly because I trade gold more than I trade silver. That's the primary thing of what I'm watching here. Okay. Now those of you that like ABCDs and all the other stuff that we talk about here, let me see if I can get some of these charts up. I've got so many of them. I'll have to, I'll have to cascade them here. Hold on a second. I wanted to, we have one that really looks interesting here. They all look interesting, don't they? Hold on one second. And that is, oh dear lost it. Bear with me folks. So get the old February, April live cattle out. Hold on one second here. And there is April cattle. And we want to do the daily on April cattle. And let's get it up here. You'll see here today, we were looking for the April cattle to get to 7840. The high has been 7840. That's a 382 retracement. Those of you that follow 382s, there's one here, one here, one here. We have beautiful three drives to a bottom pattern right here. Regarding the seminar that I was going to be doing here with Tom Hougard in Las Vegas in April, I have contracted with the beautiful Palms hotel for the 52nd floor of a most beautiful panoramic view of the valley of the wind in Las Vegas that you have ever seen. And we're going to have that for two full days, breakfast, lunch, and that'll be in April sometime, possibly may, but right now it's looking like April and it's going to be really quite spectacular. I'm going to have some guests in. Hopefully it'll be Paula Webb, Douglas and also Rich Anderson, Jim Toyneman, putting the old gang back together for a Sarenara tour of Las Vegas. Let's take a break. We'll be right back. 877-974648. Philly Way Valentine, Capricorn. 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 it 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 ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights. Your key to successful, active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money back guarantee for all new subscribers so you have nothing to risk. 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Internationally at 727-873-7618. Okay folks, first of all, I want to issue an apology about the moving average and I really respect the work of Basil Chapman and Steve Rhodes and they are very good at it. The reason why I don't use moving averages is because they're moving in their average and I think you've got to be a tiny bit above average. They are good for showing support and resistance just like other stuff is, but I just don't use it. The second reason is the three greatest traders that I ever met. One was, of course, Amos Hostetter and then also we had a fellow named Roy Longstreet another gentleman by the name of Rich Anderson and they don't use moving averages and so I decided that I, and Larry Williams doesn't use move. Well, he mentions them once in a while but that's the main reason. So I apologize for that and believe me folks, it's all related to the mood that I'm in here given the fact that I've had all these problems, but let's get to something more important. Because I was having a little difficulty on being here in Las Vegas, I decided to play with the greatest poker players in the world. I went down to the Orleans Hotel last night at 7 o'clock to play in the tournament. It's $100 buy-in. There were 150 players and so the most you can lose is $100. First place is $1,000, but you have to get down to the last 10 players in order to be in the money. And I'm down at about number 15 and we have 15 players left and I had just enough to get me under the wire to get my money back plus about $100. So I said, well, we'll have to get to the end and see what's happening. So I got very, very lucky. I had a pair of 10s and I flopped the 10 which gave me three 10s and I won that hand. And so we got down to five players and then four players and we're four players and all I heard all night long, everybody there was the greatest player in the world. I was the only one that was not the greatest player in the world. Folks, listen to the confidence these guys have that they're so great that and believe me, some of them haven't wanted a clean shirt in two and a half weeks. I happen to be one of those. But anyway, we were playing in and so I have to explain the hand. I'm on the button, which means I have the advantage of seeing what the other players are doing. There's only four of us in the hand and usually you only play heads up. This time, three players are on the button and we're four players. Since the best hand wins, basically what would happen? And I had to do four of clubs, which is a bad hand, but we're playing against three other players. I don't know what they have. They could have aces, kings, queens, whatever. I don't know what it was. But all I know is that if I hit that hand, and it's a crazy one, I would win. So I go all in with my head, 300,000, well 300,000 was paper money, of course. So there's only four of us. I put all the money in the pot and I have a two, four clubs and they put out the first three cards and it was the ace of diamonds, okay? Three of hearts, okay? And the five of spades. So I have a one, two, three, four, five. I have a bicycle known as a straight to the wheel. Five high straight, ace high straight. Actually it's a five high straight. And the other players, one had a pair of nines. Another person had, I forget, ace king and in other words an ace queen. So we're all in three, five. And then the guy that had the nines, he catches the third nine. So he's got three nines. If he gets a board pairs, I would finish second. And anyway, it didn't end up, I won the tournament and I ended up winning $900. So I would have liked to donate it at the internet service here, but nothing else I could do about it. So I left a nice tip and thanked him. I didn't finish till 1.30 in the morning, which was a little beyond my pay grade. So I basically stayed up to get everything ready. But by the time I did the videos to send out, I didn't realize they were not going out because supposedly in the middle of the night, the internet is a little bit better, but that's not necessarily the case, but that's neither here nor there. So I see what happens here with some of these others. Okay, let's move on to this trade here, possibly coming up here in the Treasury bonds. And let me explain to you, we've got that big number coming here tomorrow, okay? So everybody's watching these numbers. I don't think they mean anything anymore because everybody knows inflation is over. The Federal Reserve has been dropping rates for a long time, which they have not, but anyway, that's what we're looking at. Here is the daily chart in the Treasury bond. Here's the problem. If we go down to the weekly, and folks, I've been very bearish, I've been very bearish with bonds. If you remember back here, we're the 135 pattern. You see that beautiful 135 pattern we had on the weekly, okay? Now remember up here, this was two years, two and a half years ago, right there where number one was. You see that number one? Do you remember what they were telling us there? We've got negative interest rates coming, boys and girls. So you don't ever have to worry about interest rates anymore. They're going to be going negative. I say, yeah, I can dig that. Yeah, I'm there. But look where we are. We came here and we made a 61% retracement off the high here, okay? We made a 382 off the high here and we've been coming down now for one, two, three, four. We're the fifth week down and we're not quite to the 382. You see the 382 comes at 1824, 28. 1828, okay? Now the problem is, if there is a problem, this thing, if that report is bad, it's going to go through the 382 like it didn't even exist. But if it doesn't, and if it doesn't, if you can hold that number, then you're okay. So the $64 question is, should I take the trade? Well, the answer is yes. And the reason why is, you don't know what's going to happen next nor do I. And neither one of us should ever care about that. So what you want to do if you're going to do this trade and it might be there tomorrow, hopefully the numbers will already be done. You can see here we're setting it up for it right now. We'll just draw it in here. There's your order right there, 1828, right there in that red letter. So all we're going to do now is we're going to put this over the last to five trading days. You're going to see you're going to be right down to that old number that we're waiting for, which is right there. There it is. So that's what you do. And guess what? You just put your stop in and pay for the best. You put 20 tick stop on it, okay? One other thing, that if that thing goes through there by quite a bit, and I mean considerably, down to like 1805, there's your stop right below here. There's your 20 ticks right below this 1.618. It gets below this. There's a trade that is mothergotten country and that is this. If it goes smashing through there, whatever that low is, let's just try it, because they got so many people trapped in these things that I think it could be really exciting. Whatever the low is, let's say the low is way down here, okay? All right, but whatever that low is, find out what that low is after it smashes through here. This is where you'd be buying. There's where you get stop wherever it goes from here. Whatever happens after that point, watch for that 382 coming back, because folks, these bonds are in big, big trouble. Look what's happening in China. They're doing everything, and we've had a little bit of a rally in China. In fact, if you like ABCD, let's just, and I do, let's move right back here to see the old hangs thing here. We'll do the weekly, sorry, it was a daily we were looking at. Yep, there is a day, look at this. Things had a nice little rally instead of a gun. There it is, right there. There's your ABCD, the S&P. This is a three drive to a bottom. The S&P's three drive to a top. That's all. Now look at the rally that we had here. We said this in several videos. The last rally we had was like this. So you go over and you move this, move it over. Bada bing, bada boom. There it is right there. Well, that's it for the half show. Let's keep our fingers crossed if we can make it to the finish line. 877-9766-48, but it doesn't make any difference because all the lines are filled. You'll never be able to get through. 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. The XAU 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. We'll see you next time. 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. 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. Okay, we're back folks. We're taking a look here at the March Natural Gas. This thing has been really hammered for quite a while now. We had a 382 way back here at 250. We had a big gap down here on Sunday. And you'll notice here that we rallied back to the 382 which is at 225 here today. We're turning slightly below that. But something's wrong with natural gas. We can't even get propane for your barbecue pits and Tucson folks. They just don't have any fillable propane canisters everywhere I've tried which is ace and the two other hardware stores and the old people. They do not have it. Why I don't know? I mean, it can't be in short supply because look at the price of the natural gas for God's sake. If you look at this on the daily this thing has been totally massacred. Look at this. This was just since October. We've gone from 360. We dropped 2 thirds of the price all the way down here to 220. We did make a new low. So that's a possibility of a little bit of a move to the upside. But look at the weekly on this hook. We were $10. Well, oh my gosh, it doesn't even because this is March and when this was trading at $10 in the spot the March for Oh, they're clever little devils, aren't they? Anyway, they assume that there was going to be a shorty. So let's just do the long term. Well, you can't do that. You know what I can do? Hold on. I can do this. I certainly can't hold on to get this natural gas up here and this should do it a little better. Nope. This doesn't do it either because what they've done is they switched over to the other one. There we go. Where were we last year? We were at $10. Now look where we are around. This is what they call a discount boys and girls. This is a discount right here. You sell it at $10 and you buy it at $2. That's what they call discounted to fair value or whatever it happens to be. Okay, let's move on to the question of one of the things we want to look at here is Boeing Airlines. They're having some trouble here. They're saying that the someone in the news said that it wasn't the fault of Spirit Airlines that plugging hole in the door that blew open that it was the fault of Boeing and so Boeing is probably down a little bit today. Someone's asked me to take a look at it. Here's the daily on Boeing and there's where we are. You can see here we've had that this is when the news happened right here folks back here on January the 5th. That's when the door blew off. We came down. We stopped at the 70 level but you see we have a little 5-day rally here. Oh it's actually the market's up today I think. That's good. The fact that it's been up with very bad news. So the guy is there the CEO is in the talking to the senators and we're going to find out what that means here one of these days. So that's the Boeing Airlines story. Now let's move on to back to something that I know a tiny bit about and let's we're going to take a look now at the soybean market because we had a very interesting pattern here in soybeans. If I can find a chart there is where we are. Here's where we are the soybeans. Remember we were trying to buy this get the hourly up because I already took the stuff off but see we were trying to buy it down here you see we were trying to buy it there at this level right here 2040 1217 with a stop right below here 1196 but you know you can see that never got there but let's look at this from just going back to the last significant high that we had and that have to put the daily up for that hold on the second here okay there's look at this rally folks this is a one two three four five-day rally and it's basically gone nowhere I mean I would like to have seen it to go there but if you take a look at this on that hourly chart you can see we'll blow it up here that we have a really nice ABCD patterns that were forming up here at the 1.618 expansion right up here where did it stop? Right there okay now that's what we're watching now if you did the ABCD on this there's your AB leg right here okay there's your CD leg right in here you see that came in at 1252 that's where you sell it stop is above the 1.618 so you're basically even you've been here all day but your stop has got to be here 1261 so you're risking nine cents is all you were risking well that's what we're watching in the soybean so far it's okay now remember we got the crop is not even close to being planted yet they're probably still playing at the poker tables there and Tia Ca Ca Iowa is deciding where they're going to plant the beans this year or the corn so they haven't begin to start to think about that so prices are going to be jumping around quite a bit that's where we're watching the corn the weed and the soybeans the soybean oil and the soybean milk we're watching them very closely but all we have now is this ABCD short you got an ABCD in a bear market so you should sell that that's basically what Gartley said in his book okay now let's take a look at the gold market this is one of the videos that we sent out I want to show you where we were yesterday because this is one of the videos that we sent out we're using the hourly chart and get it up here we'll be able to see we're originally looking for this right here is what we're looking for which is 1979 that's 40 bucks from where we are right now okay this was a year before silver and gold topped in January in August of 1980 and that's when the older and silver topped silver was 55 bucks an ounce and then gold was at 860 but folks I was really involved with silver back in those days and silver on the board was showing 55 dollars an ounce but believe me none of the coin dealers in other words the bags of coins that are 90% silver they never traded above 38,000 they never even got the 40,000 so these coin dealers were pretty smart they were hedging silver 17 cents under the board and of course it went to 4 dollars but I don't think anybody stayed that long but here's where we were last night I thought there was a possibility that we were going to blow this up because silver had just taken off to the upside get this up here and so what I said to do is to buy the pullback right here which was at 26 pull this up here and you'll see and there's your buy right there 61% retracement there at 2026 now this morning early this morning I sent this out saying look silver is already way up here it made the 1.618 expansion and the 618 expansion of the previous week I said you haven't even taken out the highs of last week yet and I said this is not good action I said either get out of it now I said just get out of it I didn't even give them a choice I said just sell it and it was trading at 34 when I said it and now it's down I got lucky on once once in a while they work sometimes they don't but let's keep a close eye on it because where we are right now is we're sitting right at the old 78% level today that's been the low so far today that's where we're going to be heading for in the next few days so gold is now still down about 9 bucks all the day but we'll find out what's going to happen with that down the road a little bit so I think we've got a commercial due I'm not sure let's just double check the o'clock on the wall and it tells me that I've got 38 seconds left so that's not a smart thing to do Larry let's get it out of the way that was about these cycles remember I said it should be on the 22nd of January and we're the 24th this is two days off maybe it's good, maybe it's not I wouldn't bet on it but let's we'll be right 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 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 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 and 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 ready to take your trading to the next level? introducing Tom O'Brien's award-winning newsletter Market Insights your key to successful active trading Tom O'Brien, renowned for his expertise in the financial markets has designed Market Insights to be your daily guide to profitable trades Tom publishes his daily Market Insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out Market Insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to Market Insights today don't miss out on this opportunity to supercharge your trading results Market Insights comes with a 30-day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand tfnn educating investors that 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 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 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 NYSE American and TSX under the symbol VGZ Hello folks and I have Mark on the line thanks for being so patient my friend I didn't realize you were still there what can I do for you Hello Mr. Larry Pesavento it's great to talk to you again this is Mark I called back in July to the completion point of a bull scarlet back then when the sentiment was extremely pessimistic and now that we have the reciprocal ABCD towards the upside the sentiment seems to be shifting towards more optimistic now so I would like to ask you what would be your ideal stop loss for the golden ratio you are near the completion point of this ABCD 20 handles on the S&P the number was 4935 so your stock would be 4955 that's a thousand dollars that's the most you have to risk awesome and by the way we appreciate your work Mr. Larry Pesavento we are a group of traders that follow your work you are one of our veteran practitioners we follow and respect your work so we want to say thank you for all you do thank you so much that makes my day I wish you could help me with my internet problem but I'm okay but thank you so much I appreciate it Mark those are minimal issues but thank you for being here for us appreciate it thank you thank you for calling in Mark forgot to get his address for the 20 bucks son of a gun anyway here's the S&P again let's just put up the daily here because it sold off a bit well just major support right now I guess anyway that number we were looking at was 4935 and so far it's been 4933 and a quarter but this is nothing not much in order for this thing to mean anything folks we would have to get way down well let's see what the 382 would be on this just for kicks and giggles the 382 would be well it's not that far away it's at 4905 we started getting below 4910 I would say maybe that may or may not be a high it's still a little bit early in the game so let's not worry about it I have a question here from someone about the wheat market so let's get up here get wheat up to date here and I'll see where we are here with the old May wheat I think we're getting into May pretty soon we're still in March hold on we got well this is January Larry hello I think we have January February then March coming off of this big bottom that we had right here that's nice right at the 786 as you can see here now we're having a pretty good ball ahead 382 backed off now we are getting close to playing the ball game let's get cleaned out here and so we can see it all together get back to the old ABCDs you're going to be looking at the first ABC is right here ABCD we'll draw that in for you boys and girls there's your AB leg ABD leg coming in pretty close to where it's supposed to be and now look what's happening you see we've already exceeded the rally from the last one that tells you this market is acting priority strong so you want to do what is the 382 of the all time high from December remember this was trading at 1280 a bushel about two years ago and nobody thought they would ever have wheat again and now they can't find anybody who wants to buy it and as of today we hit the exact 50% retracement here it could be interesting because we're up 1, 2, 3, 4, 5 days in a row the second thing you want to do is measure the high from right here and see what that one comes in at and it comes in within a heartbeat of the within about 4 cents there's your 61 so you want to see if there's an ABCD you go down to the 60 minute chart and lo and behold Mr. Benwap Mendelbrot sure brought us something pretty good along with HM Gartley and you'll be able to see here where we are okay we're going to draw these in because this happens to be your first ABCD right there there's your ABCD and it comes in today at 11 and then we got another one coming in here right behind it and it's coming in at at 11 and then we got another one coming in here on the whoopsie daisy don't get crazy as a poet didn't know it I make it rhyme every time and there's where we are there's another ABCD coming in here this kind up appears around so we have 1, 2, 3 ABCD patterns coming in from 611 611 and 608 we're trading at 609 and 3 quarters so that's it one other thing you should do is to measure your expansion numbers from this one to this one you'll see we went right up to the 61% 1.618 so what you want to do is do the next one because that could do that's where your stop point would be just back that there you get above this level trouble in River City so you don't want to be short weed if it gets above 620 right now we are up 1, 2, 3, 4, 5 day rally in a bear market so this is probably the area where you want to be looking to short the weed but if you're going to be selling soybeans like we already are short you don't want to sell the weed because there's going to be double exposure to your risk and that is not a good that's not good you know what I mean that's just not very good remember the old when you're learning English Sayonara means goodbye in Japanese Biocondios means goodbye in Spanish Astelauego means goodbye in Mexican and going above the 1.618 is goodbye in any language alright let's move on to the next one here see where we're going with some of these other things someone's asked me a question about oh dear I haven't heard this one in a while let's take a look at the hogs because we bought some hogs sold some hogs get up to the old February hogs here that's cattle see cattle is different than hogs isn't it yeah here's February hogs we had a nice little rally off the bottom here you'll see we got down well here's what happened look you can see here we only backed off to the 382 here it's gone higher cattle haven't but the hogs but they're different remember let me get this I'll just move this out of the way there you go so there was a really nice big ABCD to the downside here we gotta have them up in here the pullback right here look at this folks down one two three four five six days and all it can do is make a 382 retracement look at that isn't that don't you think that'd be worth something people would pay money to see why these things work do they work all the time no that's why they don't pay money for it because unless it works all the time they don't want to have anything to do with it don't blame them I wouldn't either so the next move we're looking at in hogs here given the fact that we had this big move here following through today your ABCD would be lined up right here marking it right there and we'll be looking at another five cents higher in the hogs okay and if you spread this out just a bit you'll see that level would take you almost to the 78% level of the high which was way back here at 84 and there it is right there between 78 and 79 that's where the ball game would be played in hogs right about this level right about here stay tuned for the exact price because I don't know what it is and neither does anybody else that's the secret of trading with every day in an attitude of gratitude and may god bless that should be your mantra to try to do things for other people which I've certainly tried to do that I got panhandled here in Vegas that was exciting the guy came up to me in his car nice car he said I need money for gas he's the young fella in his late 20s and I said how do I know you need gas he says look at my empty tank I looked and boy it was bone dry and I gave him 10 bucks and I was happy I did hey we'll be right back 877-927-6648 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 and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN educating investors everything in the universe is governed by the Fibonacci sequence this 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 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market hours the Tiger's Den available to all Tigers and Tigris for just $1 for the year there's no cash or added costs when you join our community of traders sign up today and become a part of this educational community of traders 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 folks here is the crude oil we had this last couple of days this is the ABCD AABCD ABCD ABCD question was what's first profit objective well you can see the first ABCD the second ABCD the profit objective would have been right here we're substantially below that so you've got to go to the second one which would be right here and that would bring you all the way down to $74.30 so let's assume $74.30 is going to be the number we move this over $74.30 and then you want to find out what your ratios are to the downside and that would come in here there's $74.30 right there you can see it there's your we're 60 tips away from that one other thing if I'm going to do this the seminar which I think I'm going to in April or May in Las Vegas years ago Mark and I would do Mark Douglas and I would do two a year we charged $5,000 for a week remember this was back in the 80's 80, 98, 91, 93 but we would offer a money back guarantee that if we weren't profitable in the week everybody got their money back I'm only going to be doing two days and that's not really fair to say that if I didn't make any money that I would get it so I'm going to offer I believe a double your money back so if you lose the amount of money that I lose on the thing I mean if I don't make any money not only will I give the money back to the people saying I will double their money whatever that tuition happens to be that's what I'm thinking of doing I told that to Sarah and she says well if you do that I think you're crazy and I said here you already know that I'm crazy I said now the question is just do what degree I asked Larry Williams about that and he said don't do that he said give the money back he said but don't offer double the money back he said because they'll do everything to sabotage what they can do just double their money I said you know that's probably a good idea Larry double the money back guarantee but I am going to offer a 100% guarantee that if I don't make money in two days I might lose the first day I might lose the second day but on the two days I should be profitable and I hope that's the case I remember I use short term stuff so that don't mean much short term longer term all this stuff is important I love you guys thanks for helping me through today it made it easy thank you Mark for calling in and live every day in an attitude of gratitude and God bless us see on the flip side tomorrow God willing