 The following is a presentation of TFNN Trade what you see With Larry Pezzavento Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 Now Larry Pezzavento Okay, looking good Billy Ray feeling good Lewis We're going to take a look at the German Dax and then also the footsie The footsie paid real close attention folks because British Pound the folks over there at the Bank of England raised rates by half percent and the market sold off quite a bit I've had lots of requests about what the heck was I looking at yesterday at the 41 40 level in the market I heard I have a basil give me a pump a push in there But folks all all I do when I look at these things is I look at history and and what the patterns are Basically telling me so I'll I'll do my best to try to walk through what we were looking at yesterday if you remember I think I get this first one of that That's the wrong one. Hold on just a second. You don't even know how that got in there Okay, here's what here's the mystery that everybody was asking me about There's really no mystery at all. Let me get this up here and I will bring it up to your bring it to your attention here Shortly if we can't get this up here and change windows And we hit this little puppy and that should get us up here Okay, that load that we made down there was exactly 382 Now we had made that if you believe it, this is where we made it right here folks Then we had the 60 handle rally. Okay all the way up into this level Then we came back didn't didn't take out the low missed it by about a point and then it took off That's when the Fed came out the Fed came out. It was really supposed to be bearish Came right down boom and we went all the way up to that level of 103 now What was why was that important? I put this in the video last night because I saw a lot of things happening That looked like they may or may not be worth anything But if we if we look at something like that and just give me a second here This is the one I want to show you. This is the number we were waiting for hold on just a second now We were close shucks Shut the front door and raise the rent. I hit that wrong button there Okay, there we go Okay, now you remember you see see with this little line is here That's the 38% retracement of the high way back here now. We only got the 4303 Why was 4303 important? Well And I I was trying to bring this to everybody's attention at one time It's it's not as always easy as you might think so bear with me here for a second and I'll I'll show you the reasoning Behind this because it's something that we look at Daily actually we'll start out with the QQQ now. This is when this is when the market was running folks So if you get this up here and take a look at all I'm doing is looking at what happens I do the same thing every day And this is it you see where we were at that standard deviation what you do you see on the right there Where you have that little 382 and you right below that standard deviation That's what told you we're heading down today So when and we did the same thing in the russell folks It was really that was that that was the dax and I believe I have the russell here Something there it is the russell just a second. We'll get up here. My russell was actually perfect Well because the the nasdaq the nasdaq is a little squirrely because of the The factors that they have on the weighting there. Let's get this up here So we'll be able to see it here And there's where we are right there. So that's what happened now I wanted to explain to you something that may or may not mean anything to you or not But here was the here was the forecast that we were looking for in the In the e-mini early in the morning, let me get this up here and because these swings are so big now We have to pay close attention to them And I'm just going to show you now. There's there's the low in the morning There's the low that we had you see that low then we rallied all the way up here That was 60 handles then we pulled back a little bit then we pulled back a little bit more This is when the fed came in you see right there That's when the fed came in and that market should have been making a high versus a low But look what look see what's happening now when you're doing that and this thing remember this thing picked this up six weeks ago So it's not it's not a big deal Look look all I have to do now is to reverse hold on one second And this is the key to what the whole thing for the day If you'll look at this You'll see the where the the inverted pattern and that here was there Here was the original low that we were looking at then we're looking at the inverted pattern right here And that's why it went straight up Well, let me show you a little trick that I saw from somebody on the internet I thought it was pretty good. He posted this chart of the I believe it's the nasdaq. No, it's the s&p. Hold on one second here Of the nasdaq and get this up here and this is a This is my favorite song of all my favorite song of all hold on There was what he was looking at. He said look the market went straight up Well, if you were here with us yesterday and you believe in the one thing that we'd like now everybody In the alphabet give me ready for what you like to hear because ab equals cd ab Equal cd. I can still hear mark saying it just that way ab equals cd And there you go. You see that abcd right on the bottom right as fed was speaking eight It was a 40 one 40 Four was the low we bought at this low here was 41 40 It didn't take out that original low and that's why we had the big move up And that's why the reason why we're having the big move down in my opinion And I've been saying this for well over a week to watch this day here because this is a sink of the mile mexican independence And uh, this is uh, let's get this up here to see it right here Oh, here we go This is from 1987 folks. This is the same setup that we had back then Right here was the solar eclipse september 23rd You count nine days into the october 2nd venus urnus conjunction, which is today And by golly, look what happens you went right up and now you're coming down hard And if you close below that 41 40 folks It's lights out So get yourself something because we're going to go down really hard into may 17th Big time hard, maybe even historically hard, but uh, that's neither here to there Now the other one we want to talk about another really interesting one, of course Is the euro we were very we were long to euro And uh, believe it or not. I I just I was I was so shocked with all the other stuff was going around I didn't even pay attention all the stuff that was going on in the euro. I had such a It was just a good day yesterday. We look at look at this in the midst of the fed it goes To the 382 to the exact tick To the exact tick folks and now it's way down here. We bought it. We bought it down here Sold it up here and went short right there and then now it's coming down right here So I I think it's getting ready to go a lot lower, but we'll see And the final they're not finding but the other one we want to look at of course was the uh The gold market and if I can just find the gold market, I will put it up here I've got so many things today that I uh I probably missed a few let me get it up here for a second here Ah, this is it right here. Okay, we'll get this up here We set this out long before it happened to folks the gold was stilling at the 1885 level when we sent this out And you'll see we went up to the exact 382 of the high that we made back in 19 at 1965 so Folks if I could have two days like I had Yesterday and today on a day that we're going to trade on May 17th I'll be a happy camper because we're seeing volatility Hanging pretty good pretty good. We'll be right back 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? 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I don't know but this is what the prediction is You can see it's been following quite nicely the time frame there is I believe at 11 30 Uh, yep 11 30 if we are going lower By 11 30 we're going to see something historic here going into may the 17th. I believe or may the uh and we made it 17 or may 17th is that there's the uh The day trading seminar but the jargon. I think the low is around the 22nd of may as I recall So that's if we go start going lower by this this would mean the s and p we down More than it was up yesterday and that would be 130 points So that's a pretty big one to uh, you know pay attention to here. So that's what I'm looking at For today. There's a couple other things that uh that need to be covered. Uh, one is the I'm going to post this because this is what we were looking at yesterday And of course we were adding to a short position. We now have Three units on now In the treasury bonds 149 143 and 140 it hit 137 and change and going lower You can see the 382 retracement here. We couldn't quite get there with the uh With the fed in there yesterday. That's where our stop was just above here And then it started to go lower. So the bonds look really bad folks They've been looking bad for a very long time and they're getting worse and worse and that's not good That's not really good for our economy. But then that's me, you know, just talking about it A little bit, you know, so that's it. Now the two things that are extremely important That I want to bring to your attention right now. We owe our friend down in Dallas, mr bv A really good, uh, hand of applause here because I'm going to show you the key to what I thought was happening yesterday I couldn't get these videos out until Probably around nine o'clock when this this is the open interest folks If you'll take a look at these, uh, you'll see here You have this drop in open interest and prices way up now. That's the The uh the e-mini here, uh, you can see this I see his open interest is dropping Price is going higher folks. That is short covering. That's all we had yesterday in the s&p the nasdaq And the russell all of them had drops in open interest not a very good sign That told you that there's not new buyers coming in and that's what the key to that darn thing was And the same thing we had happened with gold Gold was totally different. Let me get this one up here for you to, uh, take a look at. It's here in Just take me a second here so we can look at it together I'm going to incorporate these every day because billy's kind enough to draw these for me and put the program And anyway, you can see here the gold here We've had a pretty good increase in open interest here With the market. This is a which which one is the gold? I can't even see it. It's so small Let me get up here so I can see if this is a gold this Crude oil gold, so okay now I got it. Let me put this back up here because they're so small I had to read read read it just a second hold on Now, okay, this one right here, uh This is this is gold. This is crude oil and this is silver now You see price is going higher open interest going higher. That's very bullish Okay, here we had prices going slightly higher open interest going higher also bullish Silver a little different story not doing anything. So it was telling me that you don't want to be You don't want to be short this stuff unless you're setting it major patterns And that's what we had when we were looking at the gold at 1910 because it had a You know 1.6, excuse me a 78 percent retracement of the hive last week and the 382 retracement of the high of Three and a half weeks ago and that's why it was so very very important I just wanted to show you the difference now when you look at some of these things because these bonds have Fallen off my chart. I haven't had a chance to update them since that time but here's that same pattern in the bonds and This is it. This is a far far cry folks from negative interest rates and remember I thought to you if they were feeding us tapioca when they told us that one because that to me folks is totally totally bonkers and bananas. That's That's what I'm looking at as I'm seeing these things. By the way, if you have any questions, it's 877 9276648 tomorrow's show folks. I I don't don't miss tomorrow's show folks Peter elides will be our guest. Peter is a couple years older than me between the two of us We have over 60 some years 120 years of experience that way over that and anyway that may be 130, but He's he really knows this this stock market stuff folks. He spent his life at it and Of course his hobby and he's he's a professional musician I play several different instruments. So he's really into that stuff He knows all about Pythagoras and the Fibonacci sequences and all that stuff and we learned Fibonacci together You know 60 years ago, but by golly. He's he's done a great job And uh, you know, you'll really enjoy the show I know you will for sure Okay, though those are a couple of the things that I wanted to cover If you have any questions, it's 877 9276648 the chart that I posted folks I think this is the most important chart I posted in a very long time and that's this one right here About what happened in 1987 and believe me folks It had to do and remember when we got down into here I said we had to have a good rally Into this aspect and 900 points in a doubt is a good rally The problem is it gave it up all in one day folks If you come in this is only Wednesday If you come in Friday and this market is below 4100. Oh boy Get ready for next week because they're gonna there's gonna be a big washout These are gonna be disappointed bulls that think that big turn was yesterday Hey, it might be by the end of the day today. This thing might be made out of points. I don't know But right now it's not looking very good. So those are a few of the things that we're You know sort of keeping an eye on as we as we look at these things I see the euro is uh, you know, and oh my goodness. Look at this gold now 1879. Holy cow Very good. Okay. That's what we want to see All right in here we are go with the next row. We're 41 I just see we're at 41 42 right now in the s&p And we're coming into uh, almost that time 11 30 by golly. We're there boys and girls Let's see what happens right now. Now. Don't don't don't go to the bank at this. Okay. I mean this is uh This is not a banking trade. We know what we start making lows after today Uh, just a second here. I've got to get this out and then I'll be ready And then I'll be ready just give me a second here Okay, and this is the same place we was yesterday if I can find it. Where are you find it? Here it is right now. This is the update of that chart now memory remember boys and girls Sometimes this stuff works. Sometimes it doesn't And that's what we're looking at right now the key to this folks is if you're half hour You're over in here and you're making new lows. That means this thing is going to be down the rest of the day. So Remind yourself of that. That's a pretty good thing So, okay, let's move on here to the next one. We want to be seeing here is the uh Hold on. Where is it? I want to go to this chart right here And show you this one right here because this euro trade is really folks You know of all the things that I talk about here and by golly, you know I do it day after day, but you know, they don't sink in even to me It doesn't even sink in but look look at these some of these things that we talk about here folks This is not rocket science. I mean it really isn't You know, it's basis comes down to a few ratios and a b equal cd Hey, we'll be right back. I think we're going to have Shane Smollion as a spot guest. We'll be right back folks If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metals sector as well as the markets that move gold Which is the currency and bond markets New subscribers get a 30 day money back guarantee. So you have nothing to lose every monday morning I published a gold report with coverage of gold silver bonds the xa u hui gdx as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report Sign up now by visiting tfnn.com. 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We'll be peter elides as I mentioned And I think we have shane on the line now shane. Are you there? Larry, can you hear me? Yes, sir, buddy. Uh, listen, you've been talking about this happening and it's happening. What do you see from here on buddy? All right. Well yesterday, we had what I call the poop slinging rally, uh, when the fed talks Hey, watch the language. Watch the language. Let me tell you what that's about. Um, there's been this really strange phenomenon Which is every time there's a conference the market mysteriously rallies. So I used to work with this physics teacher and uh He and he and he would be in the classroom. He was very sarcastic And so sometimes he'd ask a question and the kids would just start shouting out random answers They'd be like 45 22 33 and he'd look at the kids and he'd be like, you know what? You guys are like the monkeys at the zoo that just randomly sling poop at the board hoping that one of these answers is correct And uh, I think that's kind of that's kind of how I think of these rallies It's just like they're just everyone just kind of throw and poop out hoping that oh, this is it This is the rally. This is it and it's like it's not it and uh, and we saw this quick retracement today. So That faded pretty quickly and we're coming into uh, we're coming into some really really Negative periods here on this s&p. We got the mercury station next week And then we've got this lunar eclipse coming up And uh, you know, this this is something that um, we have to be very careful because this is a different situation Last time if we look at last time the last rally We had a steelium in effect. And so when we had that last steelium peak In march the last time we came up that fed meeting they were slinging the poop, but we also had The the peak here of the steelium that was giving it some tailwind. This is over now The steelium is done guys. There's no more steelium. There's no more energy to back this thing up And so now I you know, I feel very strongly that all of these rallies are just going to be faded at this point Uh, the statistically when we look at this, uh, this is super interesting too These are the daily statistics that we look at today Wednesday or yesterday wednesday was the strongest statistical day of the week And the strongest big move of the week and it played out just like that And then today and tomorrow are two of the weakest statistical days of the week and it's playing out That in combination with the the fact that the market tends to reverse the day after the fed meeting Is telling us that this is following the plan pretty much to a t here The fed the fed is weakening Uh, you know, they they get up and they talk about oh, we're not going to go three quarters of a point It's like well, they still went half a point. They're still tightening the balance sheet Uh, it's kind of like saying well, I'm not going to get the machine gun out I'm just going to stab you with the knife. So everyone and everyone's celebrated over that You know, it's like, you know, come on. Come on. There's nothing good about this. Um, it's it's a tough situation Uh, and so each of these rallies I kind of give a different name But you know, the bride of the frankenstein rally has been over Uh with the geomagnetic storm hitting the top here And then, you know, this was a one day poop slinging rally once again Uh, and and so I you know, I and you and you mentioned this earlier larry that the open interest is dropping on the s and p That's not a good sign. It fell yesterday on the rally And you know, there'll be more of these. I mean, everyone's going to just keep slinging the poop out there hoping that this is it This is the turn, uh, but uh, this this is There's bigger. There's bigger things coming into play here and may is it is a is a very very dangerous month for the s and p 500 Very dangerous as well as so is june july august september and any month that has Hey, listen, thanks for thanks for popping in today. We'll have you in next week, of course But this was very important because you've been talking about that and uh, we'll have peter lighties on He's got some interesting stuff about it too. So that'll be that'll be don't miss that show. Shane. You'll really enjoy him He's oh, I will I will tune in for sure. I tune in every day. He's very very good. Yeah All right. Hey, buddy. Thank you so yeah, thank you so much for being on and we'll uh We'll keep those cards and letters coming in. Okay Hey, everyone out there stop slinging the poop man. It's not coming back Okay I'm afraid you've been banned forever, buddy. Good luck to you. We're gonna send you to catholic church to pray Hey folks, so we made a low down here at 1140 again. Remember that's that 382 off the whole thing We've hit it the third time now going below it this time would really be not very good we've re-rallied about Oh 20 points since we've been talking about it and uh, that might be all you get I don't know but if we go below that low now in the next half hour Oh, dear You just just want to stand aside But if it holds you can see a pretty good rally because that happened to come in You know right at the at right at the low and people was asking me a question did I take that trade? No No boys and girls. I'm looking at something a little beyond that and that is this right here I keep harping about it. There's still plenty of time But as we look at this, uh, you don't see these very often I've been and it's been doing exactly what we thought it would do I mean this sequence between the the eclipse of the 23rd of uh, september 1987 Was just like the one we just had here on the 29th of april And we rally up into the fourth or fifth of may right here. There was a venus uh, sextile universe venus sextile urnus at that point and boom Now this one we have venus conjunct Sextile, which is even more powerful because it's at zero degrees folks this this number right here This number right here that venus urnus cycle is the reason that I got into astrology and why I wrote that book the floor the Viewpoints of a come on of a What I can't remember the name of it Uh, why golly my first book it's got to here. I've got to hear up on my desk. I can't even see the darn thing Uh, oh dear. I can't even remember the name of my first book boy. That's a bad sign Anyway, let's move on to viewpoint. No, that was viewpoints of commodity trader who was right right long street uh, okay Astro cycles of traders viewpoint just hit me just now Anyway, that's where we were when I saw that all all I did was I asked 20 men I said 20 men asked neil michelson down at uh, you know Um Down in san diego at astro computing. I said ask him how many times we've seen these aspects occur And he gave us that data jimmy put him into a computer And he marked off these days when we would have these venus urnus aspects now We're only looking at the fork in junction opposition, uh, and then the two on the side the two trines and the squares So we're only looking at four of those but you hit those things It was unbelievable. I sent it off to uh, Frank cousher over at the super traders almanac and he came back and he said If you hadn't had 500 samples, he said I never would have believed it. He said but this is truly amazing The how the market turns on these dates And uh, I said, yep, it certainly is it was a better than 85 hit I still use them to this day, but that was the reason the reason why I'm spending a little time here now folks If we come down here and we're starting to go below these lows here by friday buy yourself a put for for for monday because uh It's going to be your if it doesn't open sharply lower on monday Then you're probably going to be wrong, but if it does open sharply lower It could be if lying will end it to the downside. I don't know whether it's going to do that or not I'm just saying the risk on that point is going to be great Now if the market holds these lows we made here at 1840 and i'm not sure they're going to today Well, they're certainly holding right now. They're back up. We're out. We're 25 handles up now that look that's looking pretty good now Shut the front door and razor, right? Anyway, that's it. Remember that low, but keep in mind folks I I I tried to send the videos out on this and subscribe to tell you what to do And uh, I hope it helps and we'll be able to see that You know see this thing moving, but we've got let's just do a quick quick and dirty thing here Oh, gee this thing is just so much farther down than before we're down 100 Oh, we dropped 140 150 handles from the 160 handles from the high folks Shut the front door and razor meant remember Below 41 40 is good night. 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I posted the chart of the treasury bonds. This is the weekly I'm doing that because I just saw my alert go off that we hit a We hit below 137. We've got a 136 handle now In the treasury bonds as you can see here We're looking at them down here around this 131 at one level The the key part about this folks. This is a weekly now, but look at this beautiful 135 pattern. We have the lower highs. This is the upside down version of three drive to a top pattern Look at the abcd pattern here a bcd. And you remember way up in here what they were feeding us Hello operator. Yes, we have negative interest rates for you and we have a caller from tom in tampa That must be tommy o brian. How are you doing tom? No, but I appreciate the compliment Yeah, you bet. What can I do for you buddy? Um, how you doing larry? good Good. Hey larry. Yeah, can we take a look at that go contract? It was up about 25 bucks this morning And then I don't know that they uh, what's caused that thing to come down so significantly since this morning More buyers and sellers my friend. I don't know the answer to that but but I will tell you this I did issue a cell signal last night and and I'll bring this chart up at the 1909 level And uh, these are for the folks that belong to the 24 7 Set that out real early. We were trading at 1899 when I sent it out But we got up to there. You see right to 1909 1910 We're two major numbers a 382 off of the high way back here And then a 78 percent level from the high that we made last week So that's why I think it's happening. But you know, who knows this Personally, I think it's happening because of this cycle that shane small you've been talking about this Venus Uranus cycle and the selium that occurred That's my guess that it was just a one day wonder in stocks and the rest of these things They look at the look at the bond market Tom. There's trouble out there in river city I mean, this is serious, but this is six times bigger than the stock market and they're just You know, they're bleeding it and you know, they got people trapped in there than they're having a hard time get out Yeah, and you know, it's uh, yeah, no, you're dead, right? I agree with you Well, I'd rather be right than dead if I have my two choices What that I said, I'd rather be right than dead if I have my two choices Oh, yeah, right. Absolutely. Yeah, absolutely I mean, it blows my mind that gold's not sitting up here around $2,500 an ounce without this inflation and everything going on but You know, I used to hear Tom will Brian say that you know the gold market It's a very easy market for the defense to manipulate the leverage manipulate that but You know, but the guys do that for so long and that thing, you know, it takes off against so Yeah, I think if we could get gold down to that level the a bcd that we're looking for on this is at 1812 to 1776 if we get down into that area, that's a long term Weekly cycle that been waiting for for a long time We're hoping towards the end of may early june We might get there and then I think I'm going to start recommending people get back into buying the silver coins and stuff like that You know silver rounds because I do believe we're going to make new highs In gold sometime this year. This is not over. This is just a normal Cycle that's occurring and so I just think we got a lot lot farther to go Once the bottom's in but you know, I trade technically So if I see a place to sell it and I can make a couple of bucks That's exactly what I'm going to do. So That's how I look at it. Okay Okay, all right. Listen. Thanks for calling in. I appreciate it. I don't know how you got through You must have got a lucky number this morning because there was a lineup of them today. So I'm glad you got through buddy Look at the iris brother Amen Stay on the green side of the grass Okay Every good one larry. You bet. Tom. Thank you very much. Okay, folks get getting back to that bond market This thing doesn't have any friends. There's a big there's big trouble out there in that bond market. Remember at six times what we're talking about in the In the stock market, so let's keep our eyes open on this the other one that is interesting Of course is what happened in the euro. Let's get this up here so we can see it here This was the trade we had yesterday two days ago. Well, it's five days ago We've been in this thing until yesterday. You'll see that we had the The big move down and then last night we rallied right up to the 382 retracement right here folks At that 106 and change that's where it stopped exactly. I posted that earlier And now we're coming down and we're almost ready to take out these lows And that my friends will be very very very very very very bullish to the dollar Which may mean may be the main reason why gold is weak because when the dollar is weak gold is strong So with the dollar getting weaker here, uh, excuse me stronger With the euro dropping that means that that's could be the reason why gold goes off but folks, honest to god I don't think that way. I think one way folks this way right here. This is the way that gets me to where I want to go a B Cd this is what I'm going to be harping on on the whole thing during the April The may 17th move here That may 17th trading day that we're going to have and that's it this overnight stuff is getting old folks I love it just as much as it always did but by golly the hours that I've been keeping are just uh Just absolutely insane, but that that's new to here and they're there Okay, we'll have paula on next week. She had a problem with some Things that had to be moved. She's moving to another house And so she had to do some moving stuff today So she's not able to be with us, but she will come in next week And I'll mention it one more time don't miss tomorrow's show with peter lighties because Peter is a home run guy and just fun to talk to he's really fun to be around period Ed does he know the stock market shut the front door and raise the rent that boy certainly does Okay, here's another big one folks if we wanted to talk to you here Let's get this up because we've certainly seen this one happen This is the one that occurred here in london today This is the the bank of england raised the rates And if you'll remember here, you know, we were talking about this market going down to this level this 124 level And we were below 124 today folks were 20 The last I saw the pound was at 123 and change still going down That was another one that you know, it's been very very bearish and continues to Continues to move lower the next level on that pound would be at two And folks when I first started trading the bridge pound it was 105 Way back in the early 1980s Okay, so let's move back here to a few other ones that I wanted to mention that are very important We had a really interesting pattern here. I haven't updated this but I know they did complete it But I don't know what copper did after that because I'm basically bearish on copper As I have been in gold. I think copper is going to get down to this area here around 420 Can someone give me a rough idea where copper is trading this morning because I think we're going to get to that 420 level maybe even lower And we get lower than that means dr. Copper is selling us the stock market Is not nearly as good as you might want to think it is so Yeah, we're right. We're still at that 430 level. Someone just told me And so that that's still holding up at that level. So it's important that we That we keep a close eye on that so That's what I'm paying attention to so I hope that does help And we'll have some cards and letters coming in if you have any questions 877-927-6648 Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 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 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? 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I know things not like this don't happen often But they're set up that way. So like I mentioned if we're weak here today and tomorrow and friday Um, let's be really careful here because uh, it would be well tomorrow is friday But if we're down hard on friday, I would buy a put Uh, you know, if it's down early in the morning, I'd buy a put and gambled. It's going to close lower But buy a put because there's a chance that could really get nasty here coming next week because next week is the week that Really pushed the market down really hard for a lot of different reasons related to cycles And some of them are astro cycles that I don't understand wholly but I can go to shane Smolian norm winsky tim bust bill meridian could do a lot of people that give me Back backside information on this whether I can use it or not. So I hope that helps you So just be careful here because uh You know, if you're long make sure you put a stop in because you can see what happened to some of these stocks like ebay And facebook i'm sure you're not into stocks like that But you know, it could get it could get relatively nasty because it's pushing it down so far. So That's uh, that's the real reason why we're We're watching some of these things. So let's pay Very very close. This gold was up about 30 almost 40 bucks. It's now up six bucks Silver's up a nickel. Uh, we've got the treasury bonds. I see you're trading below the 137 level They're trading 136 down three full handles folks When you talk about a standard deviation move That's a heck of a move in treasury bonds being down to three standard deviations So those are just a few of the things that we're really paying very very close attention to On the on the grain side, you know, you've got the the beans are basically unchanged But you've got weed up 35 cents Which is unusual itself But I haven't been following the grains much because I've been focusing on the currency the euro the bonds And the stock indices so you can only do so many things Remember folks going to have a full day of trading back on may 17th It'll be my last one for the year. So try to join me and it's going to be a Going to be a lot of fun. I'm going to do a lot of I'm going to do some teaching, of course Because most of these guys know what I'm doing, but I want to show you why I'm doing it at the time That I'm doing I'm not going to use the ai that much because I want to stick with the patterns 877-927-6648 we'll see on the flip side tomorrow with peter elides