 CD pattern to the upside going to take us probably around $73 a barrel, but we'll let Mike Moore get into that because he really understands the energy complex better than anyone that I have met in all my years of doing this. So he's really given us some good information. He knows about the crack spreads and which ones to watch the heating oil versus the, you know, the crude oil versus the gasoline. What I don't understand is here gasoline, you know, goes up 40 cents on the on the commodity market and it drops 40 cents in Tucson, which is really an amazing thing from from my perspective. I says, how can that possibly happen now because you've been so nice today. We're going to take a little trip. We're going to go over to Germany and we're going to look at the German decks. So we get this up here and take a quick look at it and then we'll go up here and we'll be to finish this. I'll give you an interesting a interesting human interest story. You can see we're up against some really big ABCD double tops up here in the NASDAQ, the German Dax. Now this is totally different than we're looking at in the Dow Jones and the S&P and all the other things that we're watching. This is a different different animal. So what we're seeing now is the fact that this has a possibility of making some type of a top in here, whether it's a major top or not. I don't know. All I know is if you get above that line right up here, you're wrong and that's what it's really all about. You know that there's nothing nothing more exciting about it than just looking at that. That's what you really have to do. So anyway, that's what we're paying attention to here the Dax. I have never traded the Dax. My friend Tom Bougard trades it every day. I've watched it trade. It trades very similar to the S&P, but it doesn't have the volatility. Well, it has the volatility, but it doesn't have the liquidity that you have in the S&P and well, the NASDAQ. But the NASDAQ is a totally different animal because it's basically seven stocks and it can do whatever it wants to do for something. I have a little human interest story a couple of months ago. One of my old clients and Drexel Mernum Pestaway, Stan, who ran a junkyard in Los Angeles, he graduated out of Canoga Park High School and we were the same age and he never had a college education, but he was a good mechanic and he had a little a little gas station repair shop called Reds Repair Shop and he turned it into a truck stop and then he turned the truck stop into a junkyard. And when he turned it into a junkyard, he became a multi-millionaire because every time he would pull a car off of the freeway, which the city of Los Angeles would pay him, I think 150 to pull it off, each car was worth 5, 600 and sometimes thousands of dollars in parts. And of course, he had a huge junkyard. He sold at 15 years ago and retired. Always loved trading bellies and later he traded the S&P. Well, Stan passed away and I found out the other day that I was mentioned in his will. He had a classic car that I really loved and that was a 1944 coupe and not nothing famous or anything, but it was in perfect shape, running great and everything. And the family wants to buy it. Wanted to buy it back, you know, because they wanted to keep it in the family and I said, no, no, no, no, no. I said, it's not for sale. I said, you just keep it for me. And I said, the next time I call you, I said, I'll ask you to bring it to me. Of course, it was a big joke. But Stan was so good to me all those years, some wonderful presents. We should go overboard on presents and stuff like that. But boy, he was a lot of fun. He lived to God. He was five years old. He was 88 when he finally passed to 89. 89 when he passed away in great health and everything. And he was asleep. And so that was several months ago. One of the many that have joined the funeral parade here at TFNN. I don't bring this up to be modeling, folks, but when you get to my age, I just can't believe how many of my friends have died. I talk to 20, but almost every day now just to make sure he's okay. And of course, Byron's in Africa doing a deal with the Chinese on some type of minerals in Maui. Or Maui, is that where it is? Mara, whatever. It's near Marrakesh. And so I don't get to talk to him too much anymore. Anyway, let's get back to the markets. I still believe that picture of Byron's means something, whether it does or not. I don't know, but it's saying that the bull markets. And when you see what's happening with this stock that came out to this cava, it sells Caribbean food, folks. And it hasn't made any money. And yet it's coming out with an IPO. And from what I understood, from Bob Pisanti today, there were 20 calls coming into the New York Stock Exchange, people wanting to get ready to do IPOs. Because this is the first one. It was a test to see how well it was going to be what do you call it, observed. And so it's doing pretty good. So hopefully you will see what happens. Right now, the bull market is still in effect. We've seen new highs in the recovery highs, not new all time highs, but recovery highs in the Nasdaq, the S&P, and the Dow Jones. The Russell, not quite so much because it's been lagging, but the rest of them are doing extremely well. And we'll have Mike Moore as our guest coming up when we finish the show here with, I've got one more chart that I wanted to share with you. And that was one that we were looking at. Oh, dear. It's the wrong. This is the right one. What am I talking about? This is the one. Yep. This is the one. Now, where are you? Oh, shut the front door. Here, it's right here. What am I talking about? I got it right here. This is the Canadian dollar, folks. We were saying how this was a triple bottom that was going to fail and fail. It has done because it just keeps going down, down, down. That probably means we're looking at a major A, B, C, D in the Canadian dollar, whether it has anything to do with the fires and all the other stuff that they're having trouble with up there. That I don't know. But we've broken out all of these lows, closed below there. So there's no chance of that ever being a triple bottom. The only chance you had was last Thursday. Friday said goodbye. Monday, Tuesday, Wednesday said more goodbye. So that's why we think it's going to go, you know, a whole lot lower as we look at some of these things here unfolding. If you have any questions, Mike will be on pretty soon. But it's 877-927-6648. And programming note, we're going to have Norm Winsky as our guest tomorrow on Tuesday. We are going to have 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. up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today at 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 in 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. Think or swim banner on the front page of TFNN.com. We held this. We came just shy of the stop here when we broke back above this line. This is projected higher. We're just about to break above this upper line here. That comes in at 69.81 minus three ticks per hour. I'm going to talk about that here in the analysis. Mike, why do you do three ticks per hour? What function does that do? Well, since it's a trend line, right, this is a trend line right now and it's one o'clock PM, right? That trend line is coming in at 69.81. If I go over one hour here, it's going to come in at 69, 69.78. So if you're getting along a certain amount above that line, you've got to adjust how, where you have that long order in. And if you have a stop below the line, you have to be adjusting that stop downward underneath the line. Otherwise, you stop us drifting over towards the line. Okay. Does that make sense? Yeah, that's perfect. Yeah. I've never seen that complex or that kind of idea, but it's a great idea. I like it. Well, if you kind of look, I'll give you just a visual example. If you wanted to get long above this line and let's say you make that line green, you would have a sliding order, sliding order wherever that is going down. And in some softwares like CQG, I believe you can, you can put it in order that actually has a bracket order around the trend line and it'll move down above it with the trend line. So that makes a good idea because it's forcing you to trade with the trend. This is a good idea. I like it. Exactly. So in any case, I'd said in the analysis this morning that this was bullish and also if we broke get along a decent penetration above 69.95 minus three ticks per hour and or on a pullback thereafter and look for decent strength. So your decent penetration is one thing. Decent strength is another animal that's multiples of the decent strength. And I usually give that out in my morning analysis in the, with the emails I send out to my clients. But anyway, that's poised for higher trade. And I would also note that yesterday we had left a minor bullish reversal below. So that's also in place. You want me to take a look at the natural gas next? You want to take a look at the unleaded gas or the heating oil? Let's do unleaded gas and heating oil then we'll do natural gas last. I'll let a gas left a minor bullish reversal below two days ago as well. We've been seeing strength from that. And we have broken above this formation right here, which I said should bring in strength. We popped up chop sideways and we're seeing more of that as well. If we take up this upper formation here, which is going to come in at 271.34, 271.34 plus 2.5 ticks per hour starting at one o'clock. And then that'll project this upward probably at least 17 cents plus. And if you break above there decently and back down through it decently, I'll look for decent pressure. We also have a good formation down below coming in at 250.17 this morning. That's going to come in at 250.36 as of one o'clock and a decent break below there. I said we'd project this down with 9 cents minimum, 27 cents plus maximum, but your minimum now is going to be more like 13 cents. Okay. Okay. Now heating oil, that also left a minor bullish reversal below two days ago. We've seen some of the strength from that. And since we broke back above this line, I'd said this morning to get long above there. So against approaching a stop above 237.91, get long and a decent penetration above. So the sale against there didn't work, but getting long above it didn't. And now we're popping up. Now we've broken above this more significant formation up there, which has sizable projections to the upside. And that comes in at that was this one here at 243.94 plus 0.5 tick per hour, which I said would bring in, will project this upward 13.5 cents minimum. The only thing that this has really got to clear is it's got some of these possible exhaustion areas on the way up that's got to contend with. It's trading right in this exhaustion area right now at 247.70 to 250.06. But this is a pretty substantial formation. This is chop sideways for quite a bit. So this is ready to run. If it's going to run, if it fails back down through this line, I'll be out of all longs. I would be short and be looking for this to get crushed right back down into these areas. Do you want to look at the Brent in the gas oil, or would you like to look at? Let's look at Brent because I have not seen a Brent chart. I don't know if it still looks like the WTI, but let's take it. Is that Brent? Almost exactly like WTI. It just got to spread in between it. Left and minor bullish reversal below in there two days ago. This is approaching a formation up above that comes in at 76.43 minus one tick per hour. A decent break above there will project this upward another $5.50. Then we have a formation below. This is a very significant formation down here at 71.85 to 79. A decent break below there is going to project this downward at least $3.50 minimum, $7 plus maximum, but it's also a long-term formation as well. It would definitely be paying attention to that if this rolls over. In other words, this is going to be a major pivotal area that will probably dictate where the market goes from there for days slash weeks. Likewise, if we break above this line and fail back down through, that would be an excellent shorting opportunity. That would be short looking for it to dump back down into here, add to your shorts below here, and it could really come off. Outside of that right now, we're bullish looking for a break above here. We were making that double bottom when you were on a show a week or so ago, and that was certainly a best place to buy it. It was right on the money, and that's been a heck of a move so far. When we were over in here? Yeah, that one, and then also the one on the right, too, is a this one right here. Yeah, that one's a real nice one. So the gas oil here also left a minor bullish reversal below two days ago. It had broken above this formation we talked about last time, popped above here, which is said you're bringing strength. Broke above this, which is said you're bringing strength. Then we chopped around here, saw some pressure from a break below here. So put that strength on hold, and then they're taking off over here. We've got to pay a few bills, Mike, stay with us and we'll be right back, okay? We'll be back with my core analytics, so stay tuned. 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 and stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. 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We had left a gap open higher here the other day, held exhaustion down below. And then I'd said to get long above this line right in here and we see the nice pop right up through here and along above this line. So that is, pull that up over in here. I did a natural gas get today. I saw it for 256. Wow, that's up a lot. Yeah. So yeah, and this is also leaving a moderate term bullish reversal below today. So that could propel this higher for days slash weeks. And you know that I've been looking for a more macro correction to the whole move down. This could be one of them, but we've been wrong before, but we held exhaustion here, had a nice bounce, held exhaustion again here, held the bounce and held exhaustion here again as well. So I'll have to see if this builds up a base here and starts to go, but that's a pretty strong day right there. Suggest we're going to see strength for the next couple of days probably. Very good. You want to look at some of the spreads or you want to go to the S&P? Yes, I'd like to see a couple of those spreads. The ones that are most popular is what the folks here are interested in. Okay. Well, the DCD spread is the crude oil. This is basically a spread of the whole curve out in the futures markets in the crude. And this has often been a harbinger of what you'll see in the outright, not always, but we've, we had broken below a formation up here, which got us bearish. And this one just got us bearish. We came down here and we've held this major formation here a number of times if this rolls over and takes us back out on the downside that we should see some pressure for days slash weeks. Likewise, that would be a good fade. And right now we're just getting above this natural resistance right in here. So that might open up the upside a little bit. And then we have a significant formation above as well. That comes in around 408 and decent break above their projected support, at least 135 ticks. We have a question from one of our listeners. And the question is, what percentage of your trades are spread trades in the energy complex? Well, it depends on what time of year it is and what the what the spreads are doing. There's certain times where there's very significant opportunities in there. A good example would be the R&B front month spread just the other day. I mean, this just exploded here. This kind of volatility to see in just a short amount of time and having a lot of contracts on can really make a big difference. I mean, as you can see, for example, to give you some perspective, this movement right here over these these number of days is about the volatility of the entire market of that entire spread for eight months ahead of time. So being poised and we happen to get long right above this line right here. So providing an enormous opportunity on the upside. And then it also has opportunities when it swings back to the downside. So I hope that answers your question. Yes, it does. Yeah, that's fine. Just to give you an idea on the analysis for people looking at the analysis. This looks like a lot of wording. Okay. But when you're using the analysis, you're not even using most of this. So if you were to look at crude oil and you get down here, it says these all roll into the October contract and this is off hold. But when this is not a hold, you don't need to read any of this. This is just this is just a place that are here for all these sentences above it. And the same thing with all these sentences down below to this, those are all on hold. So you don't need to read any of those. And then you're really just working with the shorter term, the closer formations here, and maybe one line here and one line there. So it looks like a lot of stuff to digest, but it's not. And you have six outright markets. And then this is what's called a quick trade sheet. And this takes everything from the column like, like let's say here in the gas oil, and I put that right here. And it shows all your trading signals right next to the levels. And the reason why I have this on here, it says quick trade sheet is traders in the pits usually used to literally cut these four columns off of here and tape it to the back of their trading pads and literally climb down into the natural gas pit or the crude pit or the natural gas and crude options. And the way that this is helpful though, is when you're looking at these different resistance levels, when you're hitting a bunch of resistance levels, at the same time, let's say you're hitting them in the Arba, you're hitting them in the heat and crude at the same time, that gives you more confidence to sell at a certain level if they're all sort of hitting at the same time. And also this is something that's helpful because you can just highlight certain trades that are important to you. And that way it's just a quick reference. And then when you go down to the spreads, I'm trying to answer your question in a roundabout way here. There's a thing here talks about seasonal trends and then below here there's spreads. So there's five spreads. You have the crude oil front month spread, the Arba front month spread, the Arba to heat spread, and then you have the two cracks. So there's five spreads to do trades in here and there's six outrides to do trades in there. Does that make sense? It sure does. Boy, you do a lot of work. Oh my goodness. That's a big advantage though when you can see how those spreads work, because that's where the commercials are doing their business. Yeah, I mean, honestly, I just have two goals for my clients. Number one is to save them time analyzing. And number two is to drive new revenue streams. Because time is the greatest commodity and if you get to save some time, spend it with your family and your loved ones, make money as well. That's a winning deal for everybody all around. So I've had some clients that have been with me for 25 years. I've literally watched. Yeah, I know that feeling. That's for sure. That's good. You can give us what you're looking at in the gold market. Okay. So gold right here rolled back over and this is a very important day. Let me just pull this up. Sorry. There we go. So again, that main picture that I keep hammering away at is the break above 2062.90 worn a solid pressure for days last weeks. We had seen 131.9 of that, but then we got some more of that today. When we came down into here, we'd broken down below a bearish formation right in here, and we rolled over. Now I did say this morning that, give me a second. Tray below 1962.70 plus .5 a tick per hour now projects a slower. So this is either now in a new lower timeframe bearish structure or this may be another quote final stretch of the move down from the hot. I think it's likely the first scenario and I said that in a decent break back above 1963.10 will confirm that or suggest the later of the two and then I said to look for possible exhaustion. See this right here in 1942.70 to 1941.70. So we held that top part originally and then we came down to hold this lower one at 193.58. I didn't have a bi-signal against that one though. Okay. What's that? We're gonna have you on again next week. So take Monday off and we'll probably see you next Friday. How does that sounds good, buddy? Are we all done for today? You want me to come back out after your come back after the break? Please do 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. 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That's TFNN.com and hit watch Tiger TV. We're back folks speaking with Mike Moore, more analytics. Mike, we've got a question from one of our listeners and that is if you had to pick one trade to get ready for the next day or two, are you watching anything really special right now? I mean, that natural gas today was a very important trade because that's leaving a medium-term bullish reversal below. That medium-term bullish reversal suggests this is going to rally for days. So being long above this line right here was key. I mean, that's kind of late talking about it, but that was one I've been watching. And I think that the energies are really poised to rally out of here. So I think that the rest of the energy complex is a good play to the upside. And now, gold also right here is right at a very pivotal point. So this line right here, this is just shy of a decent penetration above it. If we get that decent penetration above it, this should rally for days. It might be a choppy rally, but it would rally nonetheless otherwise. This is a great short right here with a very tight risk. And this thing's probably, and then we can see it roll over. So it's just that right at that nice point right in there. And a decent penetration in there today is 9.1. Let me just double check that real quick for you. That's actually going to be a little bit wider. 23.3. Give me one second. I'll tell you what, it's 23.3. I guess that penetration would be $10. At this point, this volatility is blown out a bit. Do you want to take a look at the S&P or the- No, we're out of time, my friend. That's it. We'll see you next Friday. Okay, buddy. Thank you, sir. I appreciate it. We appreciate you, Mike Moore or more analytics folks. We'll see him again soon. So have every day and an attitude of gratitude and may God bless.