 Okay good afternoon folks, Larry Pesavento with the mid-morning update and we are looking at a market that is up on the day and also if we look at the price of gold is actually up a little bit but the big news is folks the treasury bonds are finally starting to move higher a little bit we'll cover that a little bit later but I posted the chart here now those of you that in the Tiger Dan you'll see that we've made a major 61 percent retracement in the E-mini S&P on Friday at 39.48 the low was 39.47.75 and we've rallied 70 handles off that bottom to meet meet the top up there at 40.20 we backed off a little bit but we're still up on the day just chopping around I just heard from Shane Smollion to alert me that there's been a geomagnetic storm one of the things that the Federal Reserve watches closely and that should put a tiny bit of pressure he thinks for the next day or two on the S&P but we'll find out whether that Shane will be our guest on Thursday as our guests for Thursday on Wednesday we're going to have Mike Moore more analytics because he is really nailed this crude oil market really nicely so we want to be watching him what he has looking forward to us because crude oil was up sharply during the day and then it's sold off towards the end of the day so we're getting a lot of volatility which we've been expecting for quite some time but those of you that do follow the treasury bond market make sure that you look at that treasury bond market folks because we hit the exact price at 123.14 last night around two o'clock in the morning Tucson time that would have been four o'clock New York time and since that time it's rallied well over $1,200 so that tells you that should be an important spot being an exact 61 percent retracement of the low that we made you know from the very beginning so remind ourselves folks it's not how much money you make it's how much money you don't lose that's the real key focus on how much you have to risk and you're going to be doing just fine in these markets but boy if you're not using a stop folks you're using one of the greatest insurance policies that you can possibly get it's an insurance policy against your failure and you're going to fail a lot but you're also going to be right a lot we'll be right back 877-927-6648