 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. Sounded good, sounding bad, Lewis. It's just the allergies, folks. And believe me, boy, they hit me really bad yesterday. It got so bad, my doctor told me to go up to Mount Lemmon for the day and I'm still here. I'm up at 9,500 feet overlooking the beautiful Sonoran Desert in a coffee shop. I'm going to be heading back down the hill today here just after the show a little bit, but it's helped quite a bit. But I got hit really bad yesterday, why I don't know, but I'm doing much better today other than my voice being a little bit raspy. The first chart that I posted is from my friend Jeff over there in New Jersey. And you'll notice he's looking at this pattern as a 135 pattern. And I have to give Jeff an A-plus on that. You can see you're trading with the trend, selling lower tops. And that's exactly what the 135 pattern is all about. We covered this one on the day trading session on May the 17th and had, I think, two nice trades out of that 135 pattern. So that's it. Now, we have some really great guests today as always. Jeff Hughes of Alpha Insights will be our guest. He's always a lot of fun. And I think we're going to enjoy him very much as we usually do. But let me go over a few trades that we were looking at. Some of you that belong to the 24-7 or even listen to me on the newsletter here or on the show here today, we've been quite waiting for this level to be hit in the gold market. Let's just get this up here so we'll be able to see it. You'll be able to see here what we live and die by, which is nothing more than, where are you? Uh-oh, don't tell me that. Trouble in River City already? Oh dear, let me try it again, boys and girls. Something's not right in River City. Let's get it up here and see if we can finally get it running. Maybe this will do it. I think it will. There we go. There's what you got, folks. You see two beautiful ABCD patterns up there at 1968. The high was 1969. It's broken about $20. And that's got a potential to get down into this area here, folks, down into the 920 area. Excuse me, 920 areas. But no matter what on this, you lock in at least a $700 profit on this, on the gold for sure. Because if you're up to grand something, folks, you don't want to risk the whole two grand. That's not necessary to do that. We all know that for a fact. All right, the next one we've been watching, of course, here is the Euro. Now these are ones I talk on the show here, folks. I did this on Monday, of course. And you'll notice here, this is the beautiful 6-1% retracement here. Again, looking at ABCDs, we've broken well over 100 pips down from the high. Here again, this is a place where if you made 1200, you're not going to give all of it back. You maybe give half of it back, but don't give all of it back. That's not very smart training, in my opinion. So let's move on to the next one. Okay, I wanted to talk a little bit about the young man who made that 100 grand and then followed it up the next day, believe it or not, with another 17,000. And then yesterday he got a little axe, and he gave his $17,000 back that he made yesterday. And that kind of shook him up. Well, folks, when you take $2,900 to $109,000 in five days, I mean, you're expecting a drawdown. So how he handles this over these next few days will remain to be seen, but I'd be able to report to you how he's doing because someone that can do that is in the neighborhood of the Tommy Hougar and Stevie Cohen fraternity. So it's always good to pay close attention to that. Pretty much the same thing. I will post the... This is the one... He did do something right. Let me get this up here so we'll be able to see. I asked him to hold on. I think I told this. I can't remember because I missed the show yesterday. This is where he took out the $90,000, and so that's really basically what he's looking at here. So I don't know all I'm looking at is something like this. But I do have something that may or may not be important. As you know, I've been working on an AI program, artificial intelligence neural network program for a long time. I've made a couple of breakthroughs here through some friends over in the UK that are very good in artificial intelligence. It's still too early to make any assessment, but I just want to show you if this works like this. The problem is, folks, it doesn't work like this all the time. And if it worked like this all the time, no one would believe it, A, and B, no one would want to tell you what you were doing. But anyway, you'll see this was the forecast this morning before the market opened. Now, remember, we know, A, that there's a bias in the morning for the market to be bullish, maybe after an update after being downed at 500 some points in the down end of being up 80. That's a big reversal. So there's nothing wrong with, you know, seeing a rally into what they call magic time, which is up here right around this spot right here. Okay, now, that's all I was looking at right here. But what happened was I went through... Oh, sorry, folks. Let me get up here to get this up here. If I'm not any better today, folks, I'm probably not going to come back until I am better. But here was the actual forecast for today. Now, all that's doing is saying that the high was supposed to be coming in right around that time, and it should be drifting down towards the end of the day. But if this is following the case, if it's true, watch for this one and a half hour rally right here, because that would be the one that you'd have a really good spot. There might be a nice pattern there. All I know is it's related to time, folks. It's taking the x-axis and turning it into a time phenomenon, not just a... Let's try it again. It's taking the y-axis and turning it into a time sequence based on these vibrations that we see, and this is the normal probabilities of the market of what we're watching here. Now, I didn't get a chance to show the DAX. I want to get this up here, because we're still in a downtrend in the DAX. In fact, we're in a downtrend in a lot of things. We're just having some pretty big rallies here. You'll see there's our downtrend in the DAX. And here again, if Jeff is listening, you can see the beautiful 1-3-5 pattern right there, the great symmetry, nice ratios, ABCDs in between. Look at the ABCDs here, folks. If you like ABCDs, look at this. ABCDs. ABCDs. Yes, it is the medications. I am on some... What do you call it? Allergy medication, folks. And let's see there's another look. Look at this beautiful guardly here. There's your XABCD. Boy, this stuff is really difficult, isn't it? Shut the front door. This guy, David Basil, showed before mine. He does more ABCDs than I do. And they work. That's why. He puts in some things that are really greatly... He talked today about when that Dow Jones was up there, it was hitting the 14-day exponential moving average, and so far it stopped it. I don't know, maybe it works, maybe it doesn't. Okay, now we're going to take a look at the old London market. They're really beating... I don't know what he's named up, Mr. Johnson, from all the parties that he's having. And we'll get up here to take a look at it. The German market. So we'll get this up here and we'll take a little break here. 877-927-6648. In a time of booming inflation, we are purchasing powers eroded. There's no better place to protect your hard-earned money than ain't gold. This, the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. 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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. Get the Opening Call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com Educating Investors Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At tfnn, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit tfnn.com and try Mastering Probability 30 days risk-free today. tfnn Educating Investors Call now! Toll free at 1-877-927-6648 internationally at 727-873-7618 All right, folks. This is Billy Ray Valentine, aka Larry Pesavento chatting with you from 10,000 feet above the Sonoran Desert. Still away from the Palo Verdes, but by golly, you get up here. They still have Palo Verdes up here too, but they're just not blooming like they are down in the desert. Anyway, I put a chart up here of the crude oil. We were watching this for a 382 retracement yesterday. Excuse me, that was on Monday. And as you notice, we came down and we hit it exactly right at the 382 at 10863. The low was 10858. It did rally $3,000. Okay? Then it gave $2,500 of it back. Folks, when you make a $3,000 profit in something and you're only risking about five or $600, I mean, you've got to realize that, you know, these things don't always go straight up. You can't be looking for $130 oil, especially when you're watching a 15-minute or a 30-minute chart. This happens to be the 30-minute chart. So you've got to use some, what do you call it? Oh, we're going to have a senior moment here. Some common sense, that's what I want to say. So let's remind ourselves. By the way, I did a video last night on all the Fibonacci numbers that were hit yesterday in the S&P, the Dow Jones exactly at the 78, the S&P, oh, excuse me, Dow Jones exactly at 50%, the E-mini exactly at 61%, the Nasdaq exactly at 78%. But during that time, I was trying to think of someone, and it was Albert Einstein. And he was on the tip of my tongue. I could see his picture and everything, but boy, it took me a while to kick it in. But anyway, get back into this money management part, folks. You've got to use some common sense on that. When I give orders to buy and sell, I can give you a rough idea where things are going to go. But when it comes to predicting the future, I don't do very good at that. Not many other people do easily. You've got to protect yourself with the risk. The whole thing that you focus on on these patterns is the risk. Sure, they're going to give you a couple of nice ones once in a while, but the main thing is, is when they fail, and when they fail, that's when you've got to pay really close attention to. Now, we've got to talk about, Phil, just a minute here because there's a really strong probability that this whole thing may fail. Let's go back to where we were just about six or seven weeks ago when we first started talking about this pattern that we were seeing from 1987. We remember everything lined up perfectly. The bottom came in to the day, 17 days, just like October 2, 1987. You had 17 days. That took you to the 19th. We did the same thing from the 5th of May. 17 days takes you to the 22nd, which was Sunday, and the market bottomed. Actually, on Friday, it had a pretty good rally. So far, we've rallied 170 pips, I think 170 points. The question is, what are we going to do after this? Now, I don't know the answer to that, but all I do know, and I mean this without any hesitation at all, and I want to just get back to you and show you this, the one that really describes everything of what I'm watching here. Let's get this up here and you'll be able to see it right here. This is Tesla, and folks, this is pretty reminiscent of what we're seeing in the NASDAQ. We're seeing it in Dow Jones. We're seeing it everywhere, JPMorgan, Goldman Sachs, all these ABCD patterns, Apple, Microsoft, all of them are completing down here. This is either a big bottom or get out of the way because if we start breaking down hard now, we're going down big time. I mean, big time. I mean, like big time, 40, 60, 60 percent or so very, very quickly. We could see 2,600 in the S&P if this thing starts breaking down. And believe me, all the factors are out there that could easily do it. I mean, we've got so many things in geopolitical environment for heaven's sakes, the financial environment for heaven's sakes, the health environment for heaven's sakes. You know, folks, you don't have to look any farther than Texas to see how screwed up the world is. When somebody goes in and kills 21 people, oh my goodness. I mean, it doesn't make any difference whether it's guns just made it easier, I guess, but someone that's that intent on killing people is going to find another way of doing it, flying a plane into a church or something like that. But you can't do anything. That's just uncontrollable. That's my opinion. But if you look at this chart and study it, this is Tesla over a six-month period. You can see everything that we talk about here. The AB equals CD is perfect in the time down. In other words, the days from January into the February low, perfect. The number of days from the April high to the 22nd of May low, perfect. Look at the 382 rally right in the middle of the move there in February. Look at the 382 rally right in the middle of May. I mean, this thing, if you can't teach a course on this, you know, you can't teach a course on anything. So that's why I think you've got to look at these things because they give you a really good idea of what may happen. But it doesn't mean it's going to happen. The key word there is May. It may happen. And that's what we've got to remember, okay? Now, let's get up to the one that I keep on my watch list. I've never done a trade in any of this stuff here, folks. Give me a second to bring it up and we'll be able to take a look at it. I don't, you know, it's whether you're, if your personal preference is you don't want to think anything about blockchains or, you know, blockchains or bitcoins or tokens, just disregard the section of the show. It's only another two minutes. But this is what we're looking at. There's a 3-8-2 off of the high of 67,000. That measures down here to around 12,000 in Bitcoin. Could we get there? Trust me, boys and girls. If they can take a coin that was trading for what, $2.5 million on Wednesday and on Friday was worth $2.05 and still dropping, you can certainly see that this could possibly happen. Now, there's a lot of discussion whether these things are bubbles. I don't believe it's a bubble because bubbles don't last 12 years. Bubbles go up and bubbles go down and they're burst and that's it over and done with. But this is a little different because you can see here that this has lasted a long time. And even if we get down to that 12,000 level, the people who bought it for $100 and $200 per coin are going to feel still like they've made a great, great investment. So we're not any near what we think is a bottom in that. Once we go below 27,000, then we'll be looking down here at that level which would be around 17,000 in Bitcoin is what our initial target will be on this. And remember, this is all technical analysis folks. It has nothing to do with what do you call it, fundamentals or what's in the news or any of that stuff that's going on there. Not a chance. So let's keep our eyes wide open if you want to put it any other way. So they are tradable and they're very, very volatile. That's no question about that. And there was one other one that I wanted to show you right here and that is this natural gas because it is on fire today. Natural gas hit 950 folks, almost $10. You'll notice here we were looking for a potential of a double top but we went through those 1.618 numbers like they didn't even exist this morning. They're at 904. We went all the way up to a $955,000 move after breaking out of $9. So somebody needs natural gas, 877-927-6648. 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 metal 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 publish the Gold Report with coverage of gold, silver, bonds, the XAU, 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. Don't miss out on the next great gold trade. Sign up today. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den available to all tigers and tigers for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tigers as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, visit the front page of TFNN.com TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, your ultimate trading mastery system, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, the Art of Timing the Trade Chart allows you to scan thousands of stocks including guardleys, ABCs, butterflies and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. 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, we're back, folks. Larry Pesevento. And we have on the line today Jeff Hughes of Alpha Insights. Jeff, how are you doing today? I hope we have Jeff on the line that says we do. I'll double check with TFNN, the broadsword to Danny Boy. Broadsword to Danny Boy. Commit Danny Boy. Uh-oh, don't tell me we have technical difficulties. Please don't tell me that. Hello, operator. What's going on? The chicken is in the pot. The eagle has landed. Hello, hello. What's wrong? Boy, oh boy, my voice sounds terrible. Broadsword to Danny Boy. Broadsword to Danny Boy. Commit Danny Boy. Larry, it's Jeff Hughes. How are you? Oh, Jeff, finally, there we go. Technical miracles happen all day long. By the way, congratulations on calling this market so well. So, do you tell the folks what we're looking at today? We'll start out with strategic risk allocation and tell the folks what you're looking at here. Yeah, Larry, what we discovered actually on May 10th was that we got a new signal in our strategic risk allocation model. And what this model aims to do is kind of, you know, optimize your exposure to stocks versus bonds. We call it a risk-on-risk-off model because what favors bonds, that would be risk-off when it favors stocks. It's risk-on. What most people don't realize is that as bad as stocks have done this year, they've outperformed bonds pretty handily. And as a result, the model has actually favored an 80-20 asset allocation favoring stocks up until about May 10th. We got a signal triggered that suggests that we're going to move to neutral. Now, because the model is normally a monthly closed basis, this won't be necessarily confirmed and effective until next Tuesday at the close. But if, in fact, we stay below the trigger level, which I suspect we will, then we're going to get a move to a 50-50 stock bond allocation, which is neutral by our work. Wow, that's really amazing. Now, the next one that's really interesting is you're saying there's a possibility of a major top formation in place here in these markets. Indeed. You know, we've been eyeballing this head and shoulders top, which is really kind of a classic pattern top formation. And the breakdown below 4,300 was our initial indication that we had a problem. The break below 4,100, which was really the February lows, confirmed that this pattern is operative. And I suspect it will remain below 4,100. It's possible we could come back up and really experience what I would describe as a kiss goodbye. But the pattern counts to 3,500 on the S&P 500, and the reason that level seems significant to me is because it coalesces with three other key levels of support. The first and foremost is the 50% retracement of the entire advance off the March 2020 low through the January 22 high. The second level that's interesting to us is the 200-week moving average, which comes into play at around 3,500 as well. And then we also see both the August and November weekly closing highs that are achieved at that 35 level as well. And so at 3,500, we think there is enough support there to kind of at least assuage the decline and give us some reasonable period where we could consolidate and build a strong base and potentially rally off of that or it may just be the base before the next final leg down. Okay, now the next chart, and you've done a great job with your Wave County for the Elliott Wave. You want to tell the folks which count you're looking at here. It's quite descriptive as I look at these charts. Exactly. So on the left-hand side, we have Cycle Wave 5, which began back in March of 2009. And so the 2009 low through the 2022 high in January constitutes Cycle Wave 5. And usually when you get five waves up, you get three waves down and kind of an ABC zigzag pattern traditionally. And we think that in order to correct that full 13-year advance, it's going to take several years, possibly as many as three, and to achieve kind of the optimal 61.8% that should be traced in it, the S&P would pull all the way back down to around 2250 ultimately, which would be in line with the previous fourth wave low, which is a very typical level that we would generally find support and a Cycle Corrective Low. And then we would expect the market to be able to advance from that. Now the other thing that we're really concerned about right now is whether that Cycle Wave high is also a Super Cycle Wave high. And so we're positing this idea that it's Super Cycle Wave 3. And if in fact that's the case, then this three wave pullback to 2250 might only be Wave A of a Super Cycle Degree correction that could pull us back much, much further. We're going to start with kind of this initial view of 2250 as our ultimate low. And if you move to the right-hand side of this chart, you can see the count right now is very early. We've got a one down, a two up, and we're in the middle of three down. And we don't think three down is going to stop until we get to that 3,500 level. And if in fact that holds, then we would have four, wave four sideways, and then wave five down would probably take us to where we have marked A in parentheses on the left-hand side. And that's about 3,200 or so. Okay, well that sounds really good. This brings us to our first question for one of our listeners that was before the show, knowing you were going to be on it. What is your probability that prector might be right that this was a Super Cycle High up here at 39,000 in the Dow? Do you have any probabilities on that or just wait to see it unfold? Bob's a good friend. I've known him for years. I will tell you this, he actually sponsored me for the CMT exam. So I've followed his works since 1997 and he's been talking about this for a long time. The problem with the whole Super Cycle, Grand Super Cycle theme is that no one's ever seen one. It's all theoretical. And so we won't know for certain until we start to see more and more evidence. And that will come to light once we break that 2250 level in the S&P, then it becomes highly probable that it's a Super Cycle degree correction. And then at the next point, if we got down to something like much, much lower, I'm not going to throw a level out, that would start to elevate the probability that we're at Grand Super Cycle. And so we've got to take it step by step. I definitely think it's possible. Well, we've got this next chart that we're going to have to take a break, but we're going to have to spend some time on this one because it's really interesting. And I've seen these comparisons before, but I don't know how you derived at this, but this thing really is interesting between 2022 and 2008. You want to tell the folks how you derived this chart and I can see where we are right now, but that's interesting. I derived it by asking a friend of mine to put it together because he's an expert at creating these analogs on a time-weighted basis. And so he's adjusted the proportion of the 2007 to 2009 decline to fit the proportion of the decline we've seen so far up to 2022 highs. And it seems to fit perfectly with where we are in the wave pattern and so we're looking at the potential for a swing high on or about next Tuesday and that should be around S&P 4150 or give or take. Okay, great. Stay with us, Jeff. We've got to pay a few bills. We'll be right back with Jeff Hughes of Alpha N Science. We'll be right back with you. The technology around us is changing every day. 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To obtain a prospectus or summary prospectus, please contact direction shares at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. 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. Dave, we're back. Sorry for my voice, Jeff. We're back folks with Jeff Hughes of Alpha Insights. And you're going to talk to us about action speaking louder than words. You want to tell the folks what you're looking at in this chart. Absolutely. So action speak louder than words when investors express their pessimism through various, you know, surveys and indicators. And what we're looking at in this chart is comparing sentiment versus exposure. And so the University of Michigan does a consumer sentiment survey every single month. And the U of M consumer sentiment survey hit almost its lowest level since 2011, back a month ago in April. And really everybody was kind of all over the place saying well, look, sentiment has really bottomed. We're so low, it doesn't get much lower than this. The problem is exposures are still very, very high. Investors might be expressing concern and pessimism and bearishness in the surveys, but they haven't changed their asset allocation. And so what we have is this juxtaposition between attitudes and action. And what we've seen in the past is eventually actions and attitudes converge. And if that bearish view that we're seeing expressed in all the surveys actually metastasizes itself toward asset allocation and we see those allocations reduced dramatically from where we are today just below 70% net equity exposure down to say 40% net equity exposure, then we will see a dramatic decline in equities. And this is one of the key reasons that I believe we're still very, very early in this bear market. Many pundits are out there trying to call the bottom week after week after week for the last month or so. We've had just a slew of experts on all the financial media company channels telling us that it's the bottom and it isn't. We haven't seen the bottom. We continue to see evidence, all these indicators that are showing us the possibility of a low being in place, tradeable or temporary, we don't know. But all of those indicators are predicated on cyclical bullen bear markets. We may very well be in a secular bear market much the way I illustrated in the prior chart comparing 2022 to 2008. And if that's the case, those typical technical indicators just won't work. Yeah. Wow. I have to... You put on a compelling story, young man. Now, the next one is everybody's going to like this. This is about what we see in the news all the time about geopolitical risk and I think anybody that's got a television are aware of that. You want to tell the folks what you're watching? Sure. Larry, I have to tell you, people always ask me, what's the catalyst? Why will this happen? Well, I don't know. Nobody knows. But this is something that's kind of slightly below most people's radar screen. It's a simple fact that China appears to be preparing for war, okay? Now, I'm not a big fan of Kyle Bass, but I do follow his work and take him seriously because he's a smart guy. I don't think he's wrong, okay? I don't think that his observations are overkill here. What we're seeing is behavior on the part of China that would suggest that they are positioning themselves for a shut-in, for a long drawn-out battle. And what they did is, I believe, they got in front of this thing with Russia back on February 4th, and they said, yeah, go ahead and invade Ukraine. And then they sat back and watched, okay? And they saw what the West's response was the Russia's invasion of the Ukraine, and they said, okay, well, we're going to change our laws so that we're going to have our banking system ensured against potential U.S. sanctions or Western sanctions that would preclude us from transacting through the global financial system. We're going to build up our stores of grains and oil. We're going to change our laws so that, if in fact something extreme were to occur like a war, well, our response will be to nationalize all foreign assets and investments in China. And so, as everyone knows, the United States has offshored all of their manufacturing to Asia, most of which takes place in China. And assets from many U.S. companies, for example, Tesla, built a multi-billion-dollar giga-plant factory in Shanghai, right? And so, the problem here is, if all of a sudden the U.S. starts to step up and defend Taiwan, if China were to make a move, well, then China would nationalize those assets, dramatically impair U.S. companies' balance sheets, okay? We've seen this sort of action really bubbling up from underneath, okay? We've seen a lot of things occurring in recent months that just aren't making the mainstream headlines. For example, China launched a satellite, okay? And they put a satellite in space that is a big robotic arm. And they used that robotic arm to grab one of their other satellites and jettison it into outer space, so that it's completely unusable, right? And they did that to demonstrate to the United States that they could destroy our command-and-control response by simply using that robotic arm to throw our satellites out of orbit into outer space and basically render our command-and-control systems unusable. And so, they're definitely telling us that they are not to be messed with. And I think if you take a look at, you know, the second slide where, you know, Xi and Putin got together back on February 4th and shook hands, I think it's possible that the two are collaborating in kind of this, you know, what Kyle Bass calls as this despotic imperialism, right? The axis of despotic imperialism. But, you know, there's no question that China has built up their grain hordes. They own about 70% of the world's corn, 60% of the world's rice, 50% of the world's wheat. They have that in storage. That will last them over two and a half years for their entire 1.5 billion population. They're also looking to build up their strategic petroleum reserves by buying all of the spare capacity coming out of Russia, because the West is basically putting a bargle on Russian oil, but Russia's still producing it. And so, it's got to go somewhere, and China's absorbing it all, building up their own strategic petroleum reserves. Meanwhile, the US is expending our strategic petroleum reserves trying to keep the price of oil low. Okay, Jeff, have you heard anything about the fact that Putin wants to take over Odessa because of the huge grain supplies for wheat that are there? Someone said it had like a two-year supply of world wheat. You know, Odessa, I don't know if it's true or not, but one of my grain trading friends sent me that information, but I had not heard anything like that. I know they do a lot of wheat over there, but that's another thing that, you know, if he starts bobbing those grain reserves, boy, that's going to cause a famine in that area of the world for sure. There's no doubt it's possible. I mean, I think there's no question that Putin is an evil man. I don't necessarily believe that the Chinese are evil, but I do believe that they've got some of their very own independent nationalist objectives and one of which is to bring Taiwan back in under the Chinese umbrella, much the way they did with Hong Kong a couple of years ago. And Hong Kong went, you know, pretty much willingly. There were demonstrations in the street, but there was not a military action. It was more of a police action. I think Taiwan could be more of a military action because there's a different sovereign government there that wants to remain sovereign. So if China gets control of Taiwan, they will control the world semiconductor supply. We'll be right back, though. Jeff, I'll be inside. Stay tuned. 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. 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To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a 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. Back folks, we're chatting with Jeff Hughes, Alpha Insights Jeff. Tell the folks how they can get more information from you. Absolutely. So the best place to find me is on my website, JWHinvestment.com. You can get my free newsletter there. You can see all the other services that we provide our members. You can also follow me on Twitter at alpha underscore insights. You can get access to all those things there as well. So I would love for you to become a member of our newsletter. There's lots of extra perks to come with it, including our top trade idea every single week we publish on Wednesday. In fact, we're putting one together. We're going to send out to members in about an hour and I think it's going to be one of our better ideas based on what we're seeing in the market right now. Well, that's great. Well, I posted it in the room, folks. You can read him at alpha insights on Twitter and also JeffW.hugeCMT on LinkedIn and www.JWHinvestments.com. Great stuff, my friend. We'll have you on again soon, okay? Thank you, Larry. Have a great one. Okay, thank you so much, folks. Jeff, huge alpha insights tomorrow. Our guests will be a new guest that we haven't had on for quite some time. Mr. Shane Smollion, thewolftrader.com will be on and he'll be talking to more about his bearish information of what's going on in the market. And I'll leave you with this today. I'll shut the front door and raise the rent. I'll get it in just a second. Hopefully we'll be ready to see this last one. This is so far what we've been watching today. Watch for this rally that's going to be coming in here in the next two hours and see what it does. But it says that we couldn't be trending. This is the end of this rally around that time. And then we might be drifting down. Remember, this only has about a 60% probability of being correct. Today is 60%, but we'll see what happens by the time we come up. So live every day in an attitude of gratitude and may God bless. And we'll see you on the flip side tomorrow. And make sure you do something nice for your neighbors each day, folks, because they need help. There's a lot of folks out there that are having a lot of trouble. So we'll see you all tomorrow with Shane Smollion as our guest.