 The following is a presentation of TFNN. Wall Street Money Hour with your host Peter Bruno. Call 1-877-927-6648 to talk with Peter Live. Now, Peter Bruno. Welcome everyone to the Wall Street Money Hour. This is your host Peter Bruno. And once again, I'd like to thank Basil for giving us a plug at the end of his program that he sat in for Larry. And I was very nice of him, very courteous of him to do so. So wanted to know we appreciate that. We talked yesterday about the action alerts that we sent out based on 928. And we have that on the screen now. And basically we said we had suggested on previous alerts that the month of September and October are simply down months. September continues in a downward trend. However, seasonal lows are usually seen in October. Well, we're not there yet because I mentioned yesterday that we had a couple of hundred points, three or 400 points to go down to the 4,240 area, 4,220 area. However, we did show on a daily basis that the market could rally as it did yesterday. And our target forecast was in the 4,302, 4,303. And that's where we got to. We got to that target. And then today we are far away from that at 4,289 basis, the ES. A little known end of the month trading cycle is over today. And as I mentioned yesterday also, that it works very well in the bull market. But since we're in the bear market, the opposite takes place because of markets moving down this particular week. We also mentioned in our action alert that we were, our trading account was attempting to buy Amazon at 1,2444. We never got to that level. We also said, in addition to that, we wanted to buy Netflix at three under $370 a share. And sure enough, today it came down quite a bit and fell to the 368 and change. So we definitely, based on our action alert, bought Netflix today at the $369, $369.50, I believe, was the price. And then on the video, we tried to buy at 416, 58. And we missed that by quite a few points. And at 444, that would have been a great trade, but we can't get them all. And then we said that these downside price targets have been identified as potential target prices. Basis are AI calculations. And although we can expect more downside on these stocks, we anticipate that we are buying at lower trading price levels for the longer term. And what we said was we're trying to build a tone of water position, taking advantage of markets moving down and buying at lower prices. You can only do that when the markets are moving down. You can't do that when the markets are moving up because they'll never come back down to the price that you want to buy at. But if you do a tone of water by scaling into these particular good quality stocks, that basically are the movers of the NASDAQ and the movers that everyone's attention is based on. Those think stocks and and better and so on. Then we know that you're going to get action based on buying and selling it out of those stocks. Yesterday, we also mentioned that on our as a test. We were talking about the Wall Street Money Letter. We were talking about a test of what an action would look like. We mentioned that we in that test, we wanted to buy three stocks that were overbought. I'm sorry that were oversold with a tone of water within those stocks. Those three stocks were Amazon, Visa and Netflix. And we bought Visa. I mean, we bought Netflix as well based on the market moving down, but we did not buy Amazon nor Netflix. But we did buy Visa and we're up a couple of points on Visa. Let's see where we are with the Visa today. The market by the way is down 26 points. SAP is down 8.97 and NASDAQ is down 26. And Visa is at 232.79. And we executed that trade at a lower price. Okay, so that basically the Wall Street Money Letter is based on a weekly market analysis and forecast that we identify for subscribers. And then we also give action alerts. And the action alerts are based on the fact that if we see something during the day that we want to buy based on our oversold condition of a stock, and we're willing to buy it ourselves, then we say, okay, we want to buy it in the action alert trading account. And then immediately we send out an email to the subscribers saying that today we bought XYZ or whatever at this particular price. Now the subscriber has three choices. Choice number one, they could ignore the buy signal. Choice number two, they can pick up the phone and call the broker and follow us in that particular trade. And option number three is they say, well, I'm not sure how confident I am in this person's analysis. So let me just track it and see what would have happened if I would have bought that stock today. And we encourage that as well to get to know us and get to know our systems and our analysis and build credibility to when we do send out an action alert. The next time, if the stock does go up and you say, oh boy, I missed that trade. Oh, too late. If you missed the trade at the buy point that we had suggested, then the next time we send out an action alert, pretty much you'll be sure to join us in that. We, of course, like all other newsletters on TFNN have a 30-day money-back guarantee. So basically have everything to gain and nothing to lose. And the 30-day should have some action alerts within those 30-day periods of time. Believe me, if we don't consider buying anything during those 30 days, you won't be getting an action alert. But that is far between what normally would happen. There should be at least five or 10 action alerts. And there's always something to buy, because as we say, we have analysis that covers every market of its kind. So therefore, there's always a bull market going somewhere. And we're anxious to be on board a bull market in the stock or a bull market in an index. I'm sure a lot of people are pulling their hair with oil. The oil index, CL, is down another 1.47 points. And gold is down another $1.30 to $18.33. We'll be right back after this break. 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 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. 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 Welcome back to the Wall Street Money Hour. This is the host, Peter Bruno. And yesterday we had given an upside target of 43.02, 43.02.03, which was achieved. I think we did that maybe 20 points below the market at that time. Right now the ESS&P is at 42.90 and low today was 42.70 or so. So these numbers change every day. It's the market cycles. The reason why I use cycle analysis is because nothing remains the same. If people were using technical analysis based on firm numbers or they use moving averages or MACD or whatever they use, which we don't. They don't use anything like that. However, if they're using something like that, they're stuck in the mud because they have to stick with their targets. They have to stick with their analysis, but it's not changing. Cycles analysis change because the markets move in cycles and as they move in cycles, numbers change as well. So we want to be on the inside of changes that are taking place within the market. And as I mentioned on the program previously that whatever numbers we may have mentioned yesterday or the day before or the day before change. They change every day. The market closes at 4 p.m. basis, the overall stock market, the futures close 5 o'clock p.m. They open up overnight trading at 6 p.m. And they're trading until 8 o'clock in the morning. That's the difference between the pit session, which is a session that begins during the day. That's when you see the people yelling and screaming and buying and selling and so on and so forth. And then glowbacks. Glowbacks is what takes thoughts at 6 p.m. in the evening and covers the markets and the futures mostly. There are some stocks that trade overnight as well. But for the futures where the action is, they trade to the following morning and that's based on glowbacks. Now the difference between glowbacks and the pit session is that the pit session involves individuals. It involves people that are yelling and screaming. And I believe in my heart at heart, at least knowing some traders that traded on the Florida exchanges, that there is a sense of manipulation that can take place. And certainly you don't want to be on the wrong side of the manipulation. But glowbacks is strictly computers. It's one computer talking to the other. So our systems work very, very well on glowbacks because if there's a buy order and a sell order, they're going to match it if the market is moving up or down. You don't get too much action at 6 o'clock p.m. through, like I say, the clock is when the stocks stop trading and then the futures start trading higher than that. Basically three in the morning is when the Europe opens. And that's where the European markets open and the people in the European markets start. Again, I lost my camera here. And the European markets start to... I'm still, let me see if I can adjust this correctly. Okay, I think I have that there. Okay, and so the European markets, they start trading. And basically they're trading throughout the hours since the opening of their market. And that's why at 8 o'clock in the morning, most professional traders are looking at the futures or the anticipated opening of stocks or the anticipated opening of the futures. And it gives them an indication whether the market at 9.30 is going to be open on a positive or a negative basis. Now, tomorrow there's a jobs report, which everyone is anticipating that can move the market up or down. And we find that I get to put a word to it silly because we love it because it gives us the volatility in trading these markets. And when you're doing cycles, you need volatility. If something's going, you know, no volume and straight across at the same price, there's no opportunity of buying low and selling high. But if the market is volatile moving up and down, then you have an opportunity to buy low and sell high or sell high and buy back low. But I find that if I only had to trade one day a month or a quarter, it would be when the Federal Reserve is meeting. When the Federal Reserve is meeting, these people in the market are crazy because they're taking a bet on both sides of the market of whether the Fed is going to raise interest rates, lower interest rates, stay the same. And you get tremendous amount of volatility even after the announcement is made at 2 p.m. in the afternoon. And then, of course, the conference that they have. So we find that we look at our algorithm trading and the AI and we look at the support levels and the resistance levels. And that's where we place our buy orders at the buy level and resistance level for the sell orders. And believe it or not, when the announcements are made, either we sell it at the resistance level and then later on buy it back at the buy level because that's how these markets fluctuate. I remember many years ago, I said it was silly. I guess maybe it's not a word I should use. But many, many years ago, there was on a Thursday afternoon, there was money supply and everyone was focused on money supply. And whatever the numbers would come out would be the way market professionals would trade based on the money supply. Today, you never even hear the word except that you're listening to this program and it means nothing. And it also doesn't mean anything with the jobs report and it doesn't mean anything with the price index and CFI. The market is the only thing that is right all the time. Everybody else is wrong. You know, I was at a seminar 20 years ago. We were in a big hotel in Long Island. Excuse me, there were about two, three thousand people. My wife and daughter were there as well. And when it was time for me to speak, I had mentioned that no one really knows what the market's going to do. No one really knows if the market's going to be moving up, if the market's going to be moving down, what price it's going to target to, what price it's going to decline to. That, you know, if you're watching any of these people on Bloomberg or CNBC and so on, including some of the hosts of some of those programs, if you look at that track record, they're wrong most of the time. And everyone is wrong most of the time because no one is really able to know exactly what the market's going to do. I received criticism from both my wife and daughter at the end of my presentation. And they said, when you tell people that no one knows, you're telling them that you don't know either. And I said, I don't know either, but while I'm using some research, at least you can get me in the right direction the way the market's going to go. We'll be right back after the short break. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. 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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 Don't forget you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. And welcome back to the Wall Street Money Hour. This is your host, Peter Bruno. And before the break, we had mentioned the conference I was at, which I mentioned that no one really knows what's going to happen with the market, no matter who gives a forecast. If the forecast doesn't work out and if they're wrong, then the market is always right and the person giving the forecast is wrong. So therefore, that's a challenge in order to come up with a original form of research analysis that can be able to forecast where the market is going. And you can only be able to forecast where you think the market is going or should go if you are able to, as we have created an original form of research analysis, which is unique and proprietary with us. Now yesterday we mentioned that the market can get up to the 43 level and we got there. We were maybe 20 points below that when we gave that forecast. We also gave a downside forecast, which was not achieved because the market was rallying and moving up. As I say that every day these numbers change and today the numbers are changed as well. The upside target is no longer 4302 because that was yesterday's number. The target today is 4292 and here we are at 4291.75 on the S. The downside target is more like 4256 and I guess we got down to, I don't know, we got down prior to, let's see what the low was today. It was around 4265 I think. So anyway, we didn't get to 4256. However, that would only happen if the market suddenly crumbles here and move back down. Now this number of 4292 is an important number because it's a doorway if you will for where the market should go through. If the market goes through the 4292, then you have a chance of going up the stairs to another upside target of 4297. And 4297 now if you were believing that the market is going to move down and this was a short-term rally into the jobs report tomorrow, then you would sell short beginning at 4292. And if it goes up to 4297, you sell short again at that point. Now we mentioned that we're talking about the S&P 500, which you can trade two things. You can trade the ES, which goes up $50 a point, or you can trade the MES micro, which goes up $5 a point. So the more confidence that you have within a forecast, you add the ES, if you're not too sure about the forecast, then you trade the MES. That's what we try to do. Now we also have numbers on individual stocks that Megan Ramsey, our algorithmic person that figures out these numbers and uses AI and so on, comes up with these numbers during the day and giving us a buy and sell signal for these particular indices and or stocks for that matter. And that becomes available within the Wall Street Money Letter because that's how we give out action alerts of what to buy and what prices to buy. Okay, so if we look at the screen here, the Wall Street Money Letter, let me just give you a review of that because we're, TFNN is working on getting it up online. It gives us the weekly market analysis and forecasts, and that goes on, I work on that over the weekend, so it goes out on Monday morning before the market opens. And we tell you exactly what we see, our forecast for the upside, our forecast for the downside. We also give a report on the issues that were under consideration. Here in our test case yesterday, we had three stocks that we were using as a tone of water for the listening audience to see how well our analysis works. And certainly it worked well by buying the stocks at the one price of the low price that we were looking to buy and we bought Visa and that was up a couple of points after we bought it. Hopefully in time, all three stocks that were recommended on this program yesterday would be higher and then you would have to concern yourself of when to take the profit or what to sell. And if we're looking at our analysis and we see that we want to take a profit in a particular security or index because it happens to be overbought based on our analysis, we'll send out an action alert to say we bought this stock at this price and we suggest selling it at this price and we sell it within our trading account and that's our track record. So basically we're telling you to sell it at the same price, we're selling it out, you can sell it at a higher price, that's great, but we're using the price that we sold it at basis of our track record. And then we continue down to the proprietary trading formulas telling you about our stock, the algorithmic trading, which is Megan Ramsey we mentioned does that, our action alerts that I explained. And that these are the things that were, could send action alerts on. ETF, short-term trading stocks, index futures, low price stocks, which I explained yesterday, basis of January effect, overnight 24-hour futures and stock trading. There's not that much volume in stocks right now, overnight, but there's certainly a lot of volume in the futures. Options trading strategy, we discussed that a few programs ago where we mentioned that if you are an option trader, we recommend not buying calls because 90% of people that buy call options never exercise their call option. Why? Because they're all enthusiastic at the time that we want to buy a call option thinking that the price of what we're buying is going to be higher at the expiration date of the call and you're paying a premium in order to have that privilege of exercising your trade. And if 95% of the people never exercise their call option, that means that 95% of the people are on the other side make money in selling the puts or in buying put options. So we like to sell puts at the support levels that we believe that stocks will go down to and hold their support. And if we're right, and let's say on Visa, we were right at the support level that we bought Visa at and it goes up two or three points, whatever points it goes up, the price that you sold the put option at goes down. So therefore if you sold at 40, you can make back at 35. So that's how you make money by selling put options is very conservative approach and it goes hand in glove without research. We'll be right back. 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. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors. China A-Share Bull and Bear ETFs. China A-Share's in either direction. Visit DirectionInvestments.com 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 866-4767523. 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, Foresight Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back to the Wall Street Money Hour. This is your host Peter Bruno. Might as well go into a further explanation about what we were talking about in the selling put options. Given an example of a visa that we were talking about earlier, we're up 2.21 points today at 233.44. The high today is 233.56. But if we would have purchased visa yesterday at, let's say, 237, let's say, 233, if anyone has access to their brokerage account and if you look at the option chain for visa, which I'm looking at now, you basically see in October 27, that's the month that we're looking at as far as an expiration for visa. If you're looking at the 230 put, the 230 put on visa is right now 395 bid to 405 S. So if we were going to do this today, and I don't recommend doing it today, I recommend doing it yesterday before the mark went up 2 points for visa. But let's just say if we were doing it today as an example, and we sold the option at $4 a share, for every option that we sell, you need 100 shares. So $4 a share would be, you'd be collecting $400 as a premium for selling it. And therefore, if you were sold it, and if visa goes up from 230 to 235, the option that you paid $4 for all goes down to 350, and you're able to cover that sale making about, remember, that's one trade. Ten trades would be enough to have enough money in your account to cover the trade. Okay, I believe we're up against a break, I think. So if we are, then I'll be right back. And if we're not, I'll still be here. I thought I heard a signal that we were ready to go on a break, I guess not yet. I guess Al, you'll let me know. And boy, my appreciation goes out to both Al and Jacob for the patience that they've had with me over the last couple of days in order to get situated where we are. Okay, so the way to put option, selling a put option works is you have a stock that basically you have to say to yourself, do I want to own the visa at 230, which is our support level? Do you want to own Amazon right now is down 68 cents to 126.33? Do you want to own it at 124? Okay, and if you are willing to own it at 124, then that's what you want to buy. If you want to own Netflix, right now it's down 4, it was as low as 367. Remember, I said we were able to buy it at 369, right now it's 372.71. So if you would have purchased or sold the put option instead of buying the stock, you would have already started making some money with the put that you had. The problem with selling put options is that you have to have enough money in your account in order to cover the purchase of the price that you're paying for it. If you get a sign that stock on that particular date by the person that was on the other side of your trade. So as a disadvantage, you have to have enough money where you have to sell the puts at a particular price so that you know that you have enough money and they keep that money protected in the event you are assigned to stock. And you can be assigned to stock at any time as well as you can cover the sale of your put by buying it at a lower price at any time. You don't have to wait for the expiration date depending on the market climate that you have. Okay, so we would be recommending options as well within the newsletter. And then we talk about the members of the Wall Street Money letter. This is Megan Ramsey, the director of our algorithmic research. She's the one that works very, very hard coming up with these numbers throughout the day and overnight for that matter after markets close and the futures open after a couple of hours. And that's her job and she does a tremendous job and she'll even do a better job if the three stocks that we bought at the prices that we bought them at are all in the profit. And I'm pretty confident that that's going to happen. Here's my daughter, Dr. Ellen Bruno Ramsey, Megan's mother, who some of you may remember from years ago she did a buy sell a whole radio program. She was the youngest financial talk show host on the air at that time. I mentioned earlier that in 2000 when I was a guest on her program and my program followed her program. I had mentioned that the market was going to go down based on our cycles, pretty similar to what we did with the current market moving down. And I remember being on a program and the year was 2000. I said the market was going to go down for a couple of years. We had the technology bust of those stocks and so on. And I remember taking off her earphones and saying, OK, well, I guess I'll finish up my doctorate program at the university. And I said, what are you doing? You have the most popular show on the air. You're the youngest talk show host. Why are you giving up your program? And she says, dad, you just told everyone the market's moving down. I do a buy sell a whole radio program. All I have to do is tell them to sell. And I couldn't argue with that point. But in any event, I'm so proud of her now because she's the professor at Lynn University. She's the online director of all their training online. And she found her passion. She found her niche and she's doing very, very well. OK, so that's all Wall Street Money Letter. You get a 30-day money back guarantee. The only reason why I'm mentioning that on this program is because as hard as CFN is trying to get our website up online, it's not there yet. So I might as well tell you about it. So if you don't have an opportunity to see about it yourself by reading the disclaimer that we have within that program. OK, so the market right now is at $42.96, $25 at the high of $4,300. We mentioned that if we move above the level, that the next level would be the 96th level. And that's where we are at this point. We'll be right back at this point. If you're looking for potential trading setups in the stock market, then Rocket Equities & 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 & 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 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. 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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 with live programming hosted by a variety of professional traders during market hours. The Tigers Day, available to all Tigers and Tigresses for just $1 for the year. There's no catch 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. Tom will bisect and dissect the markets. The Tom O'Brien Show, next on TFNN. Welcome back to the Wall Street Money Hour. This is your host Peter Bruno. And since we were talking about the three stocks that we had mentioned in the Action Alert testing that we were doing yesterday, let's look at what those charts are saying now. We have the chart of Visa up. And Visa, as we show you how our oscillator works, we get down to support, which is a support level which would have been down here, and then whole support, and then it moves up into resistance. And after it goes to resistance, you're supposed to sell it. And it goes down to close to support again. And then you buy it at support, and you sell it at resistance. And now we're buying at support. That's basically how our systems work. We mentioned another stock was Netflix. And Netflix, again, follows the same kind of pattern. Here was Netflix's sale at 4.45. It's had come all the way down to 3.76 as well, or 3.72. And basically, that's why we had recommended that stock as well. And then Amazon is another stock that was oversold. And here's Amazon follows the same pattern of holding support and then selling at resistance. I mentioned that one of the things that we go against, we'll not go against what we just disagree with, is every textbook that you would ever read about the stock market, and if you're beginning in the stock market, everyone will say never add to a losing position. And that's a very true statement. And 99% of people that don't have access to this radio program or TV program or our analysis would be good advice. Because no one knows if the stock is moving down or if it's going to continue to move down to a lower level. That's why we don't use stocks and we just don't support them. We thank you very much for listening today. We'll be back in time tomorrow.