 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis. We are Officers are in Tucson, Arizona this week because we want to be in an area where it's nice and warm and we don't have any protests out here Which is pretty good at least not yet So that's what we're looking at I posted a chart for the Dax and the footsie You can see both of those have moved up a little bit That's important I think because the rest of the world is going up also The one thing that I wanted to point out to you comes from Australia folks This is really an interesting one. This is a firm that They deal with Trading yet when they call those things. Oh I can't remember the name of it, but it's a trade. It's a trading company like Merrill Lynch or whatever But anyway, you notice that when they when they on the opening part of this it tells you that 73% of their customers are losing money now that is that is really an informative piece of marketing information And the reason why most people lose money at this is because they don't know what they're doing when they come into it But the people that can stick with it over a few months a few years Whatever it takes you will make it because if he didn't then you know this there wouldn't be a business at all But a lot of people do make it it just takes time You just don't know when you know you can turn the corner when you finally see the light like Archimedes said you Eureka So you just got to keep going for it But I when I saw this ad someone sent it to me and he says is this true Actually the number is quite you know quite in line with what Mark Douglas did You'll notice it says 73% Well when I first met Mark in 83 He had access a Merrill Lynch had hired him to see why 80% of their commodity people were losing money 80% and he had I think over it was over 10,000 accounts that he had He didn't have the names of the accounts but he had all the trading and he went through all of that to see you know why people were losing And the two main reasons that he came up with is one their stops were too close In other words they were micro trading and the second reason is they didn't have any stops in at all In other words they would just put something on and if it didn't work you know they blow out and you know that was about it But of those accounts the ones that had been with them longer You could see that there was a trend that the more the people stayed in the market they would make it So if you're out there and you're still struggling you will make it it's just a matter of time You've got to find that point where you know like Archimedes you know Eureka I found it And that's my point was you know when I looked at the ABCD pattern that was enough for me to Say yeah that doesn't work all the time but it works some of the time and then later on I got Gartley and stuff like that The second question that I got over the weekend was is this market any different than any market you've ever seen before And I have to say folks the answer to that is no we saw this one other time In the dot-com bubble in 2000 this was much much greater in 2000 than it was now If you remember that's 20 years ago it's hard to believe but most of you people have known for over 20 years Well not most but some of it folks you they would come out companies that didn't even have any income coming in If they had a 10% increase in sales they could double in price I remember some of these stocks they're no longer with this world calm global crossing you know it was just so many of them That you just don't it's just a credit incredible the number I can't remember all of them it was really amazing But they were what was a second more networks I mean there were so many of them you just can't think of it But that that we will probably not see again in my lifetime you young folks will see it again But that was an incredible time I mean it was you know you can't really describe it unless you live through it And I remember March the the doubt the doubt top in January of 2000 but the Nasdaq didn't top until March of 2000 Actually March 24th I believe was the 23rd was the high on the 24th I was at the money show in San Francisco And the people were walking around with their equity run showing how much money they had made I mean it was incredible and then when I had my my little talk there there were about 250 people in the room And I you know they were just talking all the time and if you're a speaker the one thing that is absolutely distracting And nauseating is when people are talking and not listening to you not that nothing I say anything important But it's very it's very irritating and I finally you know I don't put up with it I don't need it And so I got up on the table and I said look I stand I stand I stand from my feet on the table And my friends who were with me they were laughing so hard anyway I said boys and girls I said you don't realize what's happening I said there's a train coming down the track I said you know and it's going to run right over you know that's it you know you're going to be in big trouble And you know I gave him some other stuff and gave the speech and we stopped talking and I made it through the hour One lady called me afterwards the next two or three days I told her to put a stop under the low Friday March the 23rd I said if you go below that we're going to go a lot lower And of course Monday morning it did that I think she called me on a Wednesday and thanked me for it and I said well did you get out she said oh no She said I'm just looking for another buying opportunity I figured it probably came in on this today So I was ready to buy and I said well I think you ought to wait a little bit never did hear from her again But that was the high of the market and it gave 85% of it back Folks there is a giant danger warning signal signal out there folks I mean a big one we've seen that fear index before the greed index But this is the one you want to pay attention to this is the put call ratio This is a number of calls bought versus a number of puts Look at the bottom of the stock market you see way up there at the top when it was a 1.275 The ratio okay that was the bottom of the market on March the 13th Okay now look where we are now we're at 0.4 0.4 folks this has never been there before So something's going to happen might not be today it might not be tomorrow But it's a common and so be really careful I'm watching the shorter term patterns I saw that one of the NASDAQ last night that Maria was pointing out to us this morning That was a really nice one and the NASDAQ has been the leader of the market all the way Now it closed really strong on Friday but it's acting you know every time it goes up it drops right away The other thing is open interest is dropping folks we have less open interest in the S&P than we did a month ago And that's you know if you and it's been going up a month so that's all short covering There's no new buying coming in there if it did you would see it and that's a that's it I think it's very important So now that I'm off my soap box if you'd like to call in 877-927-6648 We have the Shane Mann coming on today which will be good And I think I've told you about the other folks it'll be on so it'll be Oh I think I should run through it we've got tomorrow's going to be Dr. David Paul One of the mentors of Tom Hougard Stan Harley will be on Wednesday 11 we got Bill Chapman and 12 will be a day off I will not be here on Friday the 12th It's time for oil change over at the doctor's office So I have to go in early in the morning and get all that stuff taken out That's the one good the one good thing about the Oh wait a minute Terry's saying there's a three drive pattern on Apple On the four on 20 on 4RT Terry I'm going to post that Terry's posted it let's just take a look Shut the front door Terry bottom bang bottom boom you've got it That's it brother that's a beauty I'm going to post it too Because this is one of the things I'm going to change the format here folks I get tired of just talking about the pattern If you're not currently using the TAS Profile Scanner When looking at setting up your trading opportunities Then your arsenal is short a mighty weapon The TAS Profile Scanner is a standalone piece of software That instantly filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex Heated by Steve Dahl TAS understands that in today's technological world The use of top flight software applications and technical analysis Expertise is essential to successful trading in today's market You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted 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you do you'll see a new and improved homepage with a much simpler navigation Whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions We even have new pricing in 6 months and yearly options Check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors Toll free at 1-877-927-6648 Internationally at 727-873-7618 Okay we're back folks and we're going to take a look at this three drive to a top pattern in Apple It's over a four hour period for our charts taking us back into mid-May You'll notice that we are making a new highs now in Apple We're trading at 331 it looks like The trade that I would like to look at would be to sell Apple at 332.99 Just a little bit below 333 And you only have to risk about 1% folks You risk about $3 you can trade a $300 stock for You know just about $3 Now a lot of you folks know that I work with John Jameson I've never cost the pond quite a bit He's a student from 18 years ago Probably one of the smartest human beings I've ever met And very well read and just a super nice guy But he has a way of trading options that is just absolutely spectacular I've never traded options before I buy a put buy a call once in a while Usually they don't work but they're very cheap so it's not a big deal But the way he does it is gets leveraged like I've never seen before It's just absolutely incredible I'm going to have some more information on that probably in a few weeks or months But I was just blown away about how he did this We'll be looking at Apple today but the level is 333 I believe And I don't know where it's trading right now but we'll be able to see what's on The trouble is he doesn't like to be on a show where he has to answer questions So if not that he's not good at it he just doesn't enjoy it He'll do a podcast and stuff like that but we've actually done a book together It's an audio book that we'll be bringing out very shortly And it basically proves that the ABCD pattern works And also there's a little trading system there using the opening price There's another thing that you have going for you today in Apple Is there going to be a lot of emotional enthusiasm So keep an eye on that So what we'll be looking at here would be doing a strategy to get short the Apple Around that 333 level I haven't seen where it's trading lately but let's just get it up here Maybe we can see where we are here We're trading at 330 The high so far has been 331.56 So at 333 I would certainly be interested in doing that So it's going to open, it looks like around 330 and change I'm going to change the format of what we do each day folks Because you get tired of just looking at these patterns So what I'd like to do is starting today we're going to just look at this To see if, to see the, you know it's really, you know it's You've made me lose my train of thought Dr. Bill Just a second here Now I'm going to change the format a little bit because I get, you know It gets a little boring for you guys for me to just show you all this Here's an ABCD Mark Douglas used to joke with me about that I mean he made a, he loved the ABCD patterns He really did He just couldn't believe how simple it was But every time I say ABCD I can hear Mark right behind me saying Well there's an ABCD and by Golly They only work about 70% of the time But by Golly you're not going to get those kind of odds in Las Vegas So keep that in mind So anyway this floor traders handbook that we've done is really Got a lot of good information in it But basically it proves mathematically how the, why the ABCD patterns work The thing is that the key to that is you've got to be able to see what's happening at the C level In other words when that market makes its correction and then has the C level That's the key because if it comes out of there really strong You can bet your bottom dollar or the last two cents Or maybe a penny and a half That the CD leg is going to be a big extension of the AB leg Usually 1.27 or 1.618 And if it goes past 1.618 That's when the market really runs So those are the numbers that you have to pay attention to That's why you're looking at Apple here at that 333 level If it gets sharply above that And I'm saying 1% at 336 You would certainly be wrong Now if you did an option You know did an option strategy like you know sell a call Buy a put you know do one of those iron condors Or butterfly patterns that they use and options You can get into that and hold it for several days The Mr. Z is asking is it possible that the S&P or Nasdaq Made a full moon top on Friday Yes the Nasdaq certainly could have But I believe the SP has made a higher high by just a little bit Really there's a possibility that All I know Mr. Z is you just look at that put call ratio And when we look at that again in a few days You're like why didn't I see that down there And well you just got to be ready for it You know I don't know where it's going to top So what I do is I go down to a 15 minute Just like I'm doing an Apple I'm not doing anything fancy You know so I'm just looking at Apple Now Apple and Microsoft make up How much 20% of all the Nasdaq Two stocks Microsoft and Apple So watch how they're doing it I know that Apple's up a little bit But it's not screaming in the new high grounds But how do you sell a stock that the whole world loves Well you don't find one that they don't love That's find the easy ones That's the main thing that you want to do When you play in a poker tournament And you get at a table where there's some really great players You have to be really careful But if you're at a table where there's not Any really great players That's where you can build up your stacks But when you start playing with somebody that's really good You better be very careful Because that's really very very important To remember it's the same thing in sports folks You know when the football team has to play The number one team They know that they're the underdogs So they got to play a little harder That's why teams that go undefeated Are so spectacular because they got a target On their back all the time And you know that's the main thing Trading is simple but it's not easy And it takes a long time usually a year or two To really get to a level where you're comfortable With what you're looking at and that's all I'm saying So we'll be watching Apple here this morning I don't know what the last price was If someone be so kind to take a look at it We'll have Shane on in another five minutes He's got some really good information about the Fed Fed juice coming up and also Some of the things that are making the market jump So it's going to be quite interesting But we are in that area folks with that Put call ratio like that That's not like the fear index The fear index is an emotional thing You can't gauge that one This is real dollar money This is real dollar money So we'll try to sell that Apple at 3332.90 Is what we're going to try to sell Apple on it And we'll risk about a buck And well he actually should risk $3 Because you got to risk 1% On a $300 stock So the stock would be The stock would be run around 336 So we'll see if that happens We'll follow through with it tomorrow To see if it actually worked or not But I would like to change that If you'd like for me to not do that I would be happy to But I really like to change the format A little bit because I know you get tired Of just looking at these charts I don't but I know you do So that's it We got a shame coming up here at the break And we'll see how these things unfold And so that's it I think we got a break I think the o'clock on the wall says The old music could start in a few seconds And then we will move on to the next one If you have any questions folks And right now you can't call in Because the line is just there Just filled up 877-927-6648 Larry Pezzavento watches the markets 24-7 It's a great time to try out his daily trading service Fibonacci 24-7 Larry publishes videos and charts for subscribers Throughout the week when warranted And every weekend he puts out a thorough report Covering worldwide markets, futures, commodities And currencies with Fibonacci retracement levels Possible trading setups and zones And stops and targets for all recommendations included Larry applies the principles he's developed Over decades of trading while analyzing A variety of markets for subscribers To see for yourself the types of videos, charts And analysis that Larry provides for his subscribers Sign up for Fibonacci 24-7 today By visiting the front page of TFNN.com Under the newsletter tab You'll also gain instant access to Larry's Archive subscriber webinar from earlier this year New subscribers get a 30-day money-back guarantee So you have nothing to risk, sign up today If you're a trader in the market Looking to find the path that leads to Maximizing profits while decreasing risk Then now is a great time to try out Dave White's daily trading 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the front page Of tfnn.com Okay, we're back folks And we have as our guest today The Wolf Trader himself from Miami, Florida Shane Smollion, how are you my friend? Good morning, is this the Office of Duke and Duke? Actually, it is the Secondary Office Of Duke and Duke We've moved operations out to Tucson Until this coronavirus is finished In 2046 Hey, also tell us a little bit About the virus if you get a chance Okay, Shane? Okay, the virus I don't have a slide prepared but I can talk That's okay, just go ahead and give your regular show And then I'll ask you a question at the end Because so many people are talking about it And you alerted us to this Two and a half months ago What was going to happen and it pretty much came out As you expected, so go ahead and take over my friend I'd like for you to hear what the market is Folks are interested I can tell you we just surged over Seven million cases worldwide So that's true And it seems to be on a pretty linear Improvement Florida's cases are surging Even The testing is not increasing So that's to be expected Because people are coming back online I mean that's all It's a balance The more people come back online The more cases you'll get Okay, so we'll start with this slide here This is the fear and greed index And as Larry was pointing out To the listeners The call to put rate The put to call rate show is very low And this one here is getting a little greedy This fear and greed index This is the one that CNN puts out And this is the first time It's actually elevated Since the March lows guys The highest it had been was around 50 And it's actually pushing up around 69 now Which is For this rally this is pretty high It did get up to 99 Before in January But it's getting a little greedy out there For sure This gives you a visual here Of how it's been tracing out We're not back up to those Highs that we saw in January But it's definitely getting to an elevated level Something to be concerned about Definitely something to look at This was the put to call ratio That Larry had pointed out Larry sent me this chart Over the weekend This is definitely Something to pay attention to So from a contrarian standpoint We are at some levels that are You would call extreme Definitely This was the lunar eclipse that occurred Over the weekend About the lunar eclipse a little bit today I did a webinar over the weekend on it On the YouTube channel Wolf Trader Futures You can go over and take a look at that But essentially this full moon Occurred in 15 degrees Of Sagittarius and Gemini And this actually Was making a very hard aspect to Mars Here so when it makes this hard Aspect that's the signature Of war protest riots So that's exactly what we saw In the week building up to this So this was a very hard Aspect for the eclipse And the eclipse made a shadow Across Africa, Europe, Saudi Arabia Asia, Australia And the solar eclipse That's going to come up will take a similar path But the solar eclipse Makes a much more specific Path because The moon is a smaller object So it makes a path like a laser beam That moves across, but this one makes a wider shadow These were the regions that were affected And The S&P here, this is the chart of interest Here because you've got a lot going on here The FedJuice has really Done a good job of modeling this rally It's been in a buy since the 19th Here but I like To line up the planetary speed index With the FedJuice so Essentially that stopped right here In this market has been rallying Against the planetary speed index So this has really been a spot Where I've just been out and just watching I think it's kind of dangerous on both sides Right now the RSI Has, it just pushed to 92 this morning That's really high for the S&P So for people who don't realize the S&P does not like to do that This is not like copper, silver Or gold where it Runs up to these extremes all the time That's very rare for the S&P And when we get above 93% The chance of reversal is very high on that So, you know, this is definitely A point to where it's really getting kind of toppy Now normally if we would Not have had the eclipse I probably would have gone long on The fourth at the close, this purple arrow Here is the CAT master signal So for those of you who have been following This is a new signal that combines Multiple cycles, transits Statistics and it's been giving Very good results on many different markets This actually did go long The day before that big surge Up, however Because of the lunar eclipse I was just being extra cautious on that And I said, hey look, I really Think it's best just to wait on this But if there wouldn't have been the lunar eclipse I might have done it because the Fed use was so Powerful here and the Fed use still is powerful I'm still collecting the data for today But You know, right now that's It's been picking this up beautifully If you follow the Fed One of the mission statements of Wolf Trader Futures Is to make sense of markets I want people to look at the market And understand why it's doing what it's doing Does it make sense? If you look at it just from price action And where we were with the COVID This doesn't make sense But if you look at it from the Fed It makes sense So that's really one of the things That I want to get to people The mission here is to educate people And to make sense of markets for people So we're at a spot right now The cat signal does go into a cell To close today and I think Based upon the lunar eclipses I think that we have a good chance Of Seeing some type of a modest pullback here I think we're still In more of a bullish stance here on this market But This was a chart that I had sent to you Early June And I could see the meltup was occurring Meltups occur When the market Starts to rally into falling Astro cycles That may sound contrary Why would that be the case When that's happening Typically what happens is there's so much energy Coming into it on the buy side That it's overriding the down cycles And then when it hits the up cycles It can even go even higher I think this meltup may just be beginning I think this could This may be the early stages Of the meltup And I think once we hit those astrolows Around the 12th I think it could really start to get Overheated here One week at a time My philosophy is really To look only a little bit ahead Of the time because I think when you try To start forecasting out Weeks and months and years And it just really distorts your Thoughts and then you become married To a concept and it just becomes difficult To be clear so what I want to do Is getting this right and From what I've found the best way to do That is just to look one week at a time So let's talk about lunar eclipses So lunar eclipses are Typically events that happen After the eclipse I give the specifics in the newsletter About the exact bottoming dates I put a chart up there It's on the website for subscribers In astrology you have two sides Of an aspect so these vertical lines Here represent the eclipse and before You get it's called Applying which means building And then after you get what's called Separating which means it's leaving So when you have a singular event Like this a lunar eclipse I typically don't like singular events Too much this is why I use a planetary Speed index which is a multiple Planets but for things like this It's important because a lunar eclipse These are very significant effects The market tends to fall so this is The 1906 to 1907 bear market And most of the time after this eclipse You can see the market did fall There was one time here where it didn't But the rest of the time it fell After the lunar eclipses And so this tends to be a very important Eclipses are important events Both lunar and solar But most of the time the market Does not respond well to lunar eclipses Particularly after And the height of the spikes here Represents the Strength of the eclipse Hey we got to take a break My friend will you stay with us till after the break Absolutely Thank you folks, Shane Smoy and Wolf Trader The gold market 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they happen Live and have access to archives Of all of those charts You can test drive The Tigers Den Absolutely free for 30 days And get rich your knowledge of these markets And how to make your money work for you Details on The Tigers Den Or on the front page of TFNN.com TFNN has launched our brand new website You can still visit us at the same TFNN.com URL But when you do you'll see a new And improved homepage with a much simpler Navigation whether you're watching Tiger TV live in high definition Or just accessing your newsletter subscriptions We even have new pricing In six months and yearly options Check out the new TFNN.com now And experience all the upgrades TFNN.com Educating investors The Bull Bear Trading Hour With Tom and Tommy O'Brien Next Okay we're back folks with Shane Smolian The Wolf Trader, Shane you want to continue please Sure So this is a lunar eclipse Before the 1987 market crash So this is interesting too That market crashes tend to be Important events and so we see That you can look at this through many Perspectives like Mercury makes a station Plus or minus three days before every Single market crash the planetary speed index Was falling in the 1987 market crash And then here we have the lunar eclipse Right before the 1987 market crash So These lunar eclipses can be Precursors to big declines in the Markets too it doesn't just have to be Small declines but they tend to be There in the big ones the big falls So these are exclamation points So I think that's interesting because These really have nothing to do with each other Yet they all show up on these big Events like market crashes This is the 1990 market crash You can see here this lunar eclipse Occurred here and then after the eclipse We had the falling market For Many months in this case So It also depends upon where the solar eclipse Is which there's a solar eclipse Coming up at the end of the month And that tends to be a more bullish scenario So we have to put the two of them together And this is what I do in the newsletter So very quickly for those of you Who want to do this information There's a free email list on the Website so make sure you go there And sign up it's wolftraderfutures.com And so just because you become A free member does not mean you get On this list so I just want to clarify That to everybody if you're interested In getting information about webinars Or things I do like this I'll probably Do a webinar on the solar cycle Coming up Okay so getting back to the eclipses Here these are the lunar eclipses In the 1999 to 2000 top And you can see here That we still had these Sell-offs that occurred right after the eclipse Also here so in other words It's not just during bear markets That this happens it happens in Bow markets sideways markets That these eclipses tend to be very important For turning markets So you know there's a good chance That we could see a modest pullback Here in the next few days Especially with these overbought levels And I wanted just to show you here too That even in a bull market When you have a market that's surging like this That these eclipses can at least turn The market for a few days To the downside so it turns it in Bear markets it turns it in Sideways markets and it turns it in bull markets These are important events okay So when that stops Shane we've got a question from one of our listeners I hate to interrupt you but the question is You know these are incredible The numbers that you're looking at What do you use or can you tell us How if you see a trigger What's your trigger mechanism saying yes this is it Do you have a specific Price or a time that you're looking at How is it that you decide Whether to go longer or short And I want to compliment you on the melt up Because you did tell us this a month ago The market had all the earmarks of melting up And it certainly well I don't know if it's done Melting but it's had one heck of a run That's a great question I have a logic tree that I follow I follow a very consistent process So what I do is I I line up the The fed juice with the planetary speed index So the fed juices here So this is on 518 it went into a buy It's still in a buy With the planetary speed index here which was on 519 So there was this run here And then I've been sitting out This recent run up here Now if I want to get aggressive I might take the fed juices number one That's the number one thing to look at The number two is the planetary speed index If I want to get aggressive I might use the cat master signal With that that'd be number two In that case that would have been long On Friday but I want to make it clear I wasn't long on Friday because Of the eclipse I was concerned about it And I just kind of decided to stay Stay clear of that even though With that big one day rip on the market That's the decision process So I follow a very consistent Pattern with this I'm not just Looking at it and saying oh my god It looks like a top here I think I should No it's a very logical process that I follow And so sometimes you miss moves too I mean that's just part of it But the idea is that you're just consistent With what you do So I hope that answers the question I can do a webinar on that too If people want to talk about that This is 2008 getting back To the lunar eclipse this is a 2008 Financial crisis So you can see that in 2007 We had an eclipse in the summer it just went sideways But each time we had An eclipse in 2008 It did begin to sell off And it was there once again Before the biggest meltdown The eclipse was there To mark the start of that biggest meltdown And then even when we had a smaller eclipse here It still had a meltdown And that meltdown Was the last meltdown into these March lows and this is where the QE Really started QE one Technically we had a QE zero out here For those of you who want to be Fed nerds but the real QE started Here But these are important And so this stuff matters And one of the things I just want to tell People is look When you look at the numbers Of the data This stuff matters You need to pay attention to it Because these Tend to show up around major turns And in 2011, 2012 It had two failures In the middle here in 2011 But before that You had Sell-offs here after the lunar eclipse So this is a pattern that repeats It doesn't always work There are good examples here But statistically it does Tend to show declines And here's another one 2017 to 2018 This one had A really interesting combination of cases Here we had sideways market Where it went down here We had a big decline here In the 2018, that January There was an eclipse right before that In the bull run here It did have a tiny pullback here So the idea there Is just to show you that This is an important pattern And the solar eclipse is important too And the order that they occur is important So these tend to occur In pairs because the earth lines up Perfectly with the moon at the same time So the lunar eclipse Is the full moon, solar eclipse is the new moon And when it occurs in this order It tends to be more bullish And that's what's happening now So we're in more of a bullish scenario Because the lunar comes in with the low And the solar tends to rally But the specific days and turning points And all of that, I put that on the website With the newsletter So subscribers can go there And when I send out emails now I'm putting them on the website as an archive So you guys can see that if you sign up Kind of late in the game here So I know I'm rushing through those slides But this is the Fed here And so one of the reasons why I've always been bullish on this market Is because I follow what the Fed is doing And the Fed has always been Persistently giving us the same Message here that they're going to just continue To ramp up the juice here on the markets And on 320 I did Put out a tweet, it's still there I put out a tweet that says I expect a full recovery Full recovery in the market And a lot of that is the Fed But I also believe in the country And I believe that we will overcome This virus and Still the political and the civil unrest Is going on now, I think we'll overcome all of this And be stronger for it And I think that When this Fed juice gets Really, when the S&P Gets low in terms of The Fed juice, which you see down here Okay, so I have an indicator down here That shows you When the market is at extreme values In relation to the Fed juice It tends to have bull markets for multiple years So I know that that flies In the face of the extreme sentiment All the stuff that we're seeing But on the long term, I'm definitely still bullish here And if it continues to do What it has been doing Every time it hits these extreme values like this You tend to get a multi-year bull market So I think The chances are pretty good of that I know to people that might look completely crazy To say there's no way It's impossible, but just based On the research that I've done That's what happens Well, you're putting it on the line, my friends Listen, thanks for joining us And we'll have you on again soon, okay? Thanks, Larry Thank you, folks Shane Smollion, WolfTrader.com Anyway, folks, we'll be right back Back in the day I joined the Hotel California in 2006 And like many of you Was drawn in by As well as Whatever you think about You bring about whatever You focus on growth You see, I believe that Everything in life happens for us Not to us And Tom ignited the fire within me To want to learn how to master the markets So how did I go from Knowing nothing about technical analysis To becoming the number one market timer For the S&P 500 in 2018 And the number two market timer in 2019 Simply put, I hired coaches With a proven track record Which led me to a whole new set of tools That I created To interpret the message of buyers and sellers I would love the opportunity To teach you this award-winning set of tools And help you improve your market timing You can test drive my newsletter service For capabilities For the next 30 days with no risk to you Plus, you'll gain access to archive workshops That'll take you step-by-step through my system Sign up today By going to the homepage of TFNN.com And selecting Mastering Probability In the newsletter tab BAM! 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All of the TFNN newsletters Are informative, up-to-date, affordable And a must-have for every trader And to gain a competitive informational edge In today's markets TFNN newsletters cover every aspect of the markets To offer you the very latest in market news Plus, new subscribers get to test drive Our newsletters risk-free for 30 days From all aspects of the markets Including stocks, bonds, metals, commodities and tech There's a newsletter to fit your needs Exclusively from TFNN Stay informed each day you trade And get the competitive edge That will help you stay ahead of the game Visit our newsletters page By going to TFNN.com And click the newsletters button Near the top of the page TFNN.com Educating investors Markets trading with extreme volatility And peaks and troughs everywhere Regardless of what you're looking at in the markets This is a great time to see the type of analysis Basil Chapman delivers for his subscribers Every market day with the opening call newsletter Basil has been analyzing markets Providing his take for subscribers to his trading services Since 1984 Every morning Basil publishes an update for his subscribers Along with weekend and evening updates when warranted The opening call provides traders a daily market overview With regard to the direction of the key indices Selective stocks and commodities Along with specific recommendations Including stops and targets You also gain instant access To Basil's subscriber webinar archive From earlier this year A dark cloud cover and essential market analysis Ride the Chapman wave today By signing up for the opening call newsletter On the front page of TFNN.com Under the newsletter tab New subscribers get a 30 day money back guarantee So you have nothing to risk Sign up today This segment is brought to you by Think or Swim For more information just click The Think or Swim banner on the front page Of TFNN.com Okay folks one of the most important things That I happen to look at this morning Was when you look at markets You know you try to find something that There's an aberration of what usually is happening I posted the chart Of the heating oil I did this of course For the 24-7 folks But in the newsletter folks That you'll notice that the heating oil Made a 3-8-2 retracement This morning Actually it was real early this morning And it got up to that 117 level And now we've backed off quite a bit From that level already Now that tells you that the heating oil Is still in a major bear market Now with the crude oil we went up And we filled that gap That we left way back in April There's another thing that we're looking at So there's a strong probability that crude oil Is getting ready to roll over Right now we're down about a buck and a quarter From the highs And we made a small ABCD here When I'm watching market statistics Or market information The market's telling you certain information With these charts basically I look at Where the buying and selling has occurred And I try to look at that And that's pretty much what trading is all about We'll take a quick look here at Apple We'll see if we're going to have any chance To get filled at that level And let's see what we're seeing 333 we got up to 331-35 That is the opening price 333-75 is where it opened It's trading right there at 385 Our price objective Would have been 332-90 And whether that happens We'll follow through with it tomorrow To see if it's going to It's going to look at it But right now we're trading right at the opening If we go below 329 today That would be a sell Using the opening price Because you would be below the open You only have to risk $2 on that stock If you wanted to do it then And that's if the market reverses Exactly at that spot And we don't know whether that's going to happen But you know what else folks? Nobody else does either I'll answer the question Why don't I use oscillators And moving averages and stuff They're just hard for me to understand Folks, I can understand a bar chart I can understand a pattern And that's basically That's all I'm looking for It's a small edge There's other Remember the Nasdaq is acting weaker And that used to be the Big Daddy Rabbit Live every day in an attitude of gratitude And may God bless