 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 727-445-1044. Now Larry Pezzavento. Okay, looking good, Billy Ray feeling good, Lewis. Take a look at the German Dax boys and girls. It's a three drive to a top. One of our favorite patterns. Keep a close eye on that. Take a look at the footsie. Let's get it up and take a look at it. And what do we have here? Three drives to a top. Now these are hourly charts. So that they give you a pretty good idea over the last several weeks and stuff. So pay attention to it because these are very important patterns. They fail a lot, but sometimes they work pretty good. So keep a close eye on it. Boys and girls, the menu of today is G-O-L-D. We are at the proverbial window of opportunity as I see it. And it might not be an opportunity. It might be something else. But let's take a quick look at this. Been watching this for a long time. We're now trading below 1270. That's below the 50% retracement. As you see here, the number that we're looking at here is 1260. Right now we're at 1268. We are $8 away. Now the key point here is the full moon on December the 4th was the left shoulder. The head came in at the lunar eclipse on the 12th of August. And now we're in the 20th. And here we are. It's three days out. The number of days on the count between the left shoulder and the right shoulder comes in at 342 days. And that would be yesterday. Now here we are today. So we could be off a day or two. We might be totally wrong. But what we're going to do is we're going to watch this really closely, folks, because we're down to this area between this 1260 and 1255. That might be the last time this train leaves with a low risk. I don't know. There's a lot of people on the internet saying that this is a major bear market in the gold. And they certainly could be right. There's no question about that. That could be. But right now with this pattern, we have to pay attention to it. And we're watching. If you want to have a little fun today, poke fun at the old cowboy. Let me just show you what I did this morning real early. I was getting ready to... Oh, that's not it. Hold on. Let's get it up here so we can see it. Here it is. Here's the order that I had ready to go. I was getting ready to make a video on it. And I said, you know, I said, I'd better wait another day here just to see what happens. And during that time, gold dropped $7. And so I said, hmm, better cancel this one. So I... This one... They went out... They went to buy. The buy and the cancel went out within 30 seconds of each other. So I didn't do anything with it. I'm going to be waiting for the 1260 level to see... To get along the gold. So we'll take a look at it. Fortunately, the shorts that we had on... We covered those, of course, on Friday. A little too early, I guess. We covered them a little bit higher, but that's okay. There was a good move on the downside. Now we're going to wait and see what happens to the next one. By the way, I want to give the hats off to Terry yesterday telling us about that Soybean ETF, S-O-Y-B. You know, that is really a nice pattern, folks. I believe I saved it. Gosh, I hope I did because it was certainly a nice pattern. Oh, you never trust me. I don't know. Is this it? Yep, here it is. Thank you very much, boys and girls. Here it comes. Here's where we are in the... This Soybean ETF. I'm looking to buy that around 1567 with a stop at 1542. That's an easy way to get into the farming business. Remember, you're buying that at $15 per share. So you got to buy... Say you buy 500 shares, that would be equivalent to owning a contract of soybeans is the way I look at it. The risk on that would only be about $300 if you're interested in that. But it's an interesting period pattern to look at. So we'll watch it. Okay, I want to spend just a tiny bit more time. The cable is right down where it should be, Ruby. This is what we've been waiting for, Cable. Let's take a look. Come on, boys and girls. Where are you, Cable? Here we are. I think we're right down there right now. We're within a heartbeat, I believe. Hold on just a second. This is not unusual. Let's get it up here. You'll see that the 2915, I think we had 2940 just a little while ago. So we're really close on that one. And the euro's setting right at the 78%. The euro's got to get below 111.60 folks in order for this thing to give up. That's the way I look at it. So let's watch that. Let me do a quick turn my head around and take a look at the big monitor behind me and see if I can find out. The pound is trading at 2960. The low's been 2945. The euro's setting exactly at the 78% level at 112.15. That was off the last low that we made. So nothing really dramatic is happening there. So we'll keep a close eye on these as we always do. But that's what we're seeing so far this morning. Anyway, it's going to be interesting no matter what happens. But it's going to be, the dollar is starting to rally. We felt that that had a chance to do that. That's been the thesis that we've had for some time. We'll bring this up here and take a look at this. You'll see, take a look at it. Yeah, the low was there at 129.43. I'm looking at around 129.10 possibly. But you can see here the dollar index, we are heading up towards that 98.20 level. That's a really nice ABCD offer that 382. This is what we pointed out last week, folks. Look at that dollar index. Ten days down and all it can do is make a 382 retracement. Hello, that's a sign of really strength, folks. Very, very strong move. So let's pay attention to that one. That looks like we're going to get up to that 98.40 level. And that would be almost a 78% level on the weekly chart. We'll have to check that, but that's a long way away. So we'll do, you know, one thing at a time. So we'll pay close attention to it. If you'll bear with me here one second, I have a instant message from Mr. Moneley here. Yep, hold on here. I just want to let him know and hold on a second. We'll get that done here. Let's hold on. I got to put this stop in. Give me one second. Shucks, I can't even think where the numbers are. Wow, this is not bad. Okay, let's move on here. We're getting into the zone, folks, where, you know, we would be looking at a potential bottom here in the greens. We're seeing a lot of bottoming action in the soybeans, the corn and the wheat. I'm getting ready to put some buy orders in on those. And in fact, I'm buying soybeans today, but that's neither here nor there. I had to, you know, massage it a little bit to make sure I get close enough price or I don't have to risk very much. Anyway, let's get on to these currencies because this level in the euro is so important. By the way, time out. This is my opinion, folks. I know the two things that have gotten to me in these last few days has been the gold market for one and the second one is the grain markets because I'm basically bullish the grains and not in, okay? And I've been bearish the euro for quite some time. But look at the euro where we are now, folks. You see where we're trading. This was the chart from Friday night, 1-12-45. We're now trading 1-12-15. Once we get below that 1-11-60, this is going to be trouble in River City for the euro. That means you're heading down to these levels of 1-05. So pay close attention to this one. This is a downtrend. You can see that 3-8-2 back in September. Let's pay some bills. We'll be right back. The TAS Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. 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Plus, see all of the charts as 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 greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tigers Den are on our 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. 877-927-6648, internationally at 727-873-7618. Okay, folks, I want to talk a little bit about Twitter. We've had the earnings come out. Someone asked me to take a look at it. As you can see, we have an ABCD pattern forming up there right near $37 a share and that's pretty much, we're close to that now. It's $3670 or something. So that is interesting. The gap will be something to consider, it's just an earnings gap, which I guess it was a good surprise, but frankly, I'm not surprised this stock is not trading at 100-something considering you see it on the TV all the time. Hold on a second. I think we might even have a caller coming in today. Hey, we have a caller from, oh my gosh, the state of Washington. It's Mr. Marshall Robinson. What's up, Bubba? Same here. We're very cloudy here on the Pueblo, but we are going to Guadalajara today. I have a guest coming in to visit and going to stop at Guadalajara to think of you and Lynn. So what can I do for you, buddy? Well, I was kind of curious a little bit your opinion about crude oil. I got two of them today. Two crude oil? No, no, no, no. Oh, two guests, two guests, okay. Two questions. Oh, two questions. Let's do them one at a time. Crude oil, I'm very bearish. The reason why is we hit that 66 level yesterday. It spiked to 66.05. And believe me, if crude oil was bullish, it would have gone to at least 66.30 just on buy-stop. So that basically told me that there was not much there. That's when I took a nibble at it. And it went down to 68, down about 40 pips. And now we've rallied back to 95. I don't think I'm going to see a 66 print today. But if I do, I'll be very nervous. But I don't have to risk very much being sure crude oil here. So that's what I'm looking at. Yeah, that was kind of my thinking too. Thank you. I appreciate that. Lululemon, you suggested that it was a possible ABCD. Time to correct things. Did I really? Hmm. Let me take a look at it, Marshall. Someone asked that question the other day. Was that what it was? Lululemon, L-U-L-U. Let's get this. They're banging the euro again. This is good. Hold on one second here. Lululemon, that starts with an L and ends in a U. Give me one second here. There's Lululemon. I'm pretty sure that's right. Yeah, that is correct. Yeah, there is a small three drive there. In fact, it made it just the other day. It hasn't really gone above it. Let's put this up here so the folks can see it. It's a really small one, but it is certainly a three drive. It has that huge gap in there. Let's give me one second here. Yeah, there it is. It shouldn't get above 176. Let me get this up so everybody can see it, Marshall. Then we'll be on the same page. There's the three drive pattern. It started back in the end of March. We hit it on Thursday, Friday of last week. That was the high at 174.64. We're bucking a half under that. So you don't have to risk very much. It's $173 stock, and if you want to sell it, you only got to risk $3. That's less than 2%. One of the things you might want to consider on one like this because it's so high up with that big gap is to take a look at the puts, looking at like a 168 or 165 put might be a very interesting one, might be really cheap and one way of getting into it, but I don't do those so I better shut up. I do once in a while. I know that's why I mentioned it, but when they work, they work really great. We've had some big ones that work, but boy, you have a lot of them that don't work. When you're in that option market, folks, learn to be an option seller because you're selling a decaying asset and that's the easiest way to make money for sure. Is that your second question, was Lulu? Yeah, that was my second question. So you can go back and play with the other dinners now if you want to. Hey, thanks a lot. Give your bride my regards, okay? I will, and enjoy the chips and salsa. Yes, we will today for sure. Thanks a lot, Marsha. We'll talk to you a little bit later, buddy. We'll see you soon, too, I think, right? You'll be down again in a few months? That's a guarantee. Okay. All right, we'll talk to you later. Okay, buddy. Okay, let's take a look at the next one we want to look at, folks, is the... Well, Euro's not breaking down below the 78% level. We're getting really close now in the British pound, folks. Watch that number 129.10. We're trading at 129.50 and it's going to be interesting to see if it can, you know, hold that level or not, but we'll do one thing at a time. So that's the main thing that I'm watching. The gold we're still waiting for that 12.60 to 12.55. We're only $4 away. So it could be today, it could be tomorrow, but we might even be overnight. So we'll watch that, too. But that's a big pattern in the gold, boys and girls. And you know the other one that's really interesting? Ruby talked about it this morning in the den. She had a really nice pattern in the silver that I checked and it just really lined up beautifully. I think I've got to... Oh, we're there right now, Ruby. Shut the front door and raise the rent. Let's just take a look at this because this is really a nice one. You'll see here, there's a... You have to look closely. You've got to use your imagination, folks. You see the blue... Now I'm going to highlight it just a second here. Slow down, Larry. Put this chart up here for the silver. You see the 61% retracement line that comes in at 174... Excuse me. 1472. The low so far has been 1470. That's also a three-drive pattern to the downside on the last eight or nine days trading. You can see that smaller gray triangles before the bigger ones at 1440. That's why this important support here at that 1470 to 1470... You could buy silver here and not risk very much. It's that easy. I don't know if it's going to work or not. I'm waiting until tomorrow, but that is a nice one. Anything below 1470 is going to take you to 1440. That's what I think we're going to, eventually because of the fact that that gold is still hovering there at that 14... Excuse me. 1269 level heading towards 1260... 1255 is what it looks like to me, but that's just the two cents worth. But that's a good number in the silver, so we'll see. Remember last week I was surprised that silver was holding up? Well, it was a false breakout because it started down again and that's what pulled it down. There is a possibility that this gold market is in a bear market. I don't believe that as of yet because of that head and shoulders pattern, but if that head and shoulders pattern doesn't start to hold bottom here either today or tomorrow, it's going to have some serious problems. These are the things that we're watching here. We're trying to get in without risking very much. That's the real key to following some of these things without too much trouble. That's the main thing. I did want to bring to your attention one other thing just from... Yes, the beast is out early this morning. The NASDAQ is making new highs as it should. It should make a new high about 15 minutes after the opening. We'll see if that does that or not. But we'll watch these other ones that are looking really good too. And that is, we talked about the Australian dollar on Friday, the fact that it was ready to move down and we've had a pretty good move down in the Australian dollar. We're now getting down to below that 7100 level. That's going to be interesting to see how much of a thrust it has to the downside, but we're seeing it in everything. We're seeing it in the Euro, the pound, and all the other things. So let's keep it on. It's going to be interesting. I'm coming up, shut the front door and raise the rent. This will be up to the date active trading information that will help you in your daily trading. In Larry's first week alone, he sent out 25 charts, six videos, and a full report to his subscribers in just one week. 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Boys and girls, I'm going to switch gears here a little bit to make it interesting and show you what I'm doing this morning. I'll take a look at it. You'll be able to watch this. This is the Artificial Intelligence Program that I'm using. This is the crude oil. You see, we had a pullback down into this area around 6560. We're now making an ABCD up here. And we should get ready to turn down just about now. So we'll see if that's going to work or not. The good part about this is you're going to know right away whether you're right or wrong. You'll see a print of 6605, you're certainly wrong. Got a question coming in here. Bottom cut off of the chart. All right, give me one second here and I will get this chart up so we can all see it. It only takes me a second to do it, but I'm trying to make things a little bit different today because I get tired of talking about these patterns all the time because I know a lot of you folks you get tired of it because I get tired of it. I love doing the charts but the problem is I've got to try to make it interesting every day and it's not easy to do. Okay, here's that chart I'm looking at. That blue line is a artificial intelligence and neural network that goes back over the last 30 days of two minute charts and finds the patterns that should be working today. Right now you can see we just made an ABCD pattern up there at that 6592 level. You're trading a contract that's worth roughly $66,000 and you don't have to risk more than $250 so that's the kind that you like to see and it might be good for two hours, it might be good for four hours. You don't know that because it's timing. That's the main thing that you're going to be looking at so we'll keep an eye on that. If you want to see one that's really really crazy today hold on a second I'll get this up to get your to see if it works or not hold on a second let me get it up here because I just had it ready to go and I said well maybe I'll talk about it maybe I won't be spending any time with this stuff in the future folks because it's too sophisticated but I've got to cover some thing oh dear shut the front door and raise the rent give me one second here I've got I had a problem with the little mouse again oh dear give me one second here move this around here all right hold on a second all right I'm going to this is all experimental boys and girls do not put money into this do not put money into this this is important to remember it's all experimental and that's really what you want to look at but since we were talking about silver this is what the prediction is for silver today now this is pretty far out we consider it's down into the sewer and nobody wants to buy it but well at least they are entertaining bill I hope you like it anyway this is what it's saying is that we should be up the rest of the day in silver I don't know if that's going to be right or not all I know is the risk is really small okay one other question someone asked me this morning on email was about one of the futures that we follow and that is the the June hogs I want to get this up here because I want to show you what's really happened here in the hogs because when these patterns fail and this pattern didn't even complete but as you can see here in the June hogs we were looking for the market to potentially make a three drive to a top pattern up in here unfortunately it didn't start breaking on Monday and here we are into Tuesday and the hogs are trading down at 93 so the 61% retracement on the June hogs comes in at this 91 50 area 91 to 91 50 now if that if that holds and then it goes back up to 0.3 then you've got an absolutely perfect three drive pattern now whether that's going to happen or not you know I don't know but we're at major support now it's still in an uptrend you know if you're interested in buying hogs that 91 50 level should be should be pretty good you won't have to risk more than a pound or you know a dollar which is a little more than 400 bucks so keep an eye on this this hog market because it's it's in the midst of making a pattern like that and they don't always work but when they do work they work extremely well so let's let's watch these hogs now we have another question about another one of the one of the other commodities that we want to talk about and that is and that has been continuing to go up but just slightly just like in the crude oil it just made a little bit slightly higher high so there's a possibility that we could get ready for a quick direction I know there's a lot of news out in the oil complex because of the Saudi Arabia stuff but that's it now I don't know what the problem is but that's the best I can do buddy I guess I just don't have the voice of a wink Martin Dale or anybody like that anymore so we'll see what is the problem is it just being muffled I paid $200 for the darn thing we'll see what happens I'm not very much into tech stuff folks the frustration part of this dog on business so let's move on here another one and we got another caller coming in possibly since it's a ransom call you're right I don't drink coffee Jose keeps me up at night let's look at one other one that looks pretty interesting looks pretty interesting here from a potential for making a bottom and that is this natural gas I don't know if it's going to hold or not we had a nice little five-point rally and then it backed off again we're now trading just slightly above that one 49 area so we'll see whether it's going to it's going to work or not it's we'll see if that works thank you David for the feedback I certainly do appreciate it one other person asked me about the sugar sugar looks bullish folks we're this is this market does not look bearish it you know look at this we've got higher bottoms here since December you know we had a beautiful Gartley up there at the 1350 we pulled right back to the 78% level and you know that was pretty much spot on and there's Mr. Tucker calling in he forgets that I'm on the radio show so we'll have to remind him a little bit later anyway this sugar looks like it wants to go to 1364 a pound which would be a Gartley pattern up in that area you know that's the main thing that we're keeping an eye on so just kind of watch that we're seeing the same thing in coffee we've talked about that you know it's really really an interesting one because you know we're doing watching it real closely because the soft the soft commodities look like they're bottoming you know bottoming at the same time anyway that's what we're keeping an eye on that because it looks really interesting to get a bit higher but does look stronger and we'll see as we said before these commodity folks no I haven't done bonds yet I will do that we only got one minute to go and I want to spend a little bit more time in the bonds but you remember we were talking about cocoa and coffee and sugar and all those other things and the coffee has made a really good bottom down here folks we've got as high as 93 we've rallied well over 60 points and we'll be able to take a look at that here of what we're watching so we'll just see how this ends up here the gold is at this 1268 there's a possibility that could be it and we could be ready to go higher I'm going to wait till tomorrow I'm still going to hold out for that 1260 level 1259 level in the gold but that's it when we get back from this next break I do want to spend some time with the treasury bonds and treasury notes because I really believe these are going these are going to go lower folks and I think we're going to be looking at higher interest rates and not lower interest rates that's the way it looks from looking at the charts but I don't follow the 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information about the Tiger First mortgage program you can call me at 877-518-9190 that's 877-518-9190 it's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th, 2002 when gold was trading at under $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds, South African Rand as well as 25 different mining equities with specific buy-sell recommendations as of April 1st of this year the gold report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade new subscribers get a 30-day money-back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of TFNN.com don't let gold's next big run pass you by sign up today will the S&P 500 continue to climb for bold trades on U.S. large cap stocks in either direction trade SPXL SPUU or SPXS directions daily S&P 500 bull and bear leveraged ETFs direction leveraged ETFs an investor should carefully consider a fund's investment objective, risks, charges, and expenses before investing a fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit directioninvestments.com a fund's prospectus and 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 for side fund services LLC the bull bear binary option hour next on TFNN alright folks we're going to take a look at this CRB index that I wanted to mention to you this is the long-term weekly charge from Bloomberg you know we've been in an eight year bear market in commodities you know we've been straight up in stocks straight down in commodities and it looks like we're making some type of a bottom in here we're seeing that in coffee, cocoa, sugar and a few others grains also possibly doing the same thing so we're going to be watching these very very closely now the next one I want to bring to your attention is the crude oil market because I told you to be very very careful here and don't put any money in this thing because it can be very very crazy what you're looking at you see I was looking at this at $65.91 I said you didn't have to risk more than $100 on a $66,000 contract and the top was supposed to come in around that time and you'll never guess what happened boys and girls if I can just find it I just printed it out for us so what did I do? I did it right here here it is and you can see what happened the crude oil just exploded to the upside there you go right up there and you'll see the time I was looking at $65.90 see once it went above the 78% level you're only talking about $100 in there that's why you didn't have to risk that much now there is something else that I have to watch now and that is the fact that I watch for 1.27 expansions on these and this is going to be the one that will really tell me where I'm going to be because I'll bring this up here I'm actually getting ready to put this trade on folks it's a and we'll see here where we are you'll get it see I'm looking for a top to come in here around 66.32 and that would be a spot but the easiest place to do it is at 11.15 because you see the trend between 11.15 and towards the end of the day around one o'clock in the afternoon that two hour range there that's the strongest trend of the whole day so that's the best time to be shorting the crude it could be from a lower level it could be from a higher level but that's what I'm watching so that's what I do during the day I pick two or three things and nibble away at them and I don't like to watch the machines very much so you know by 9 o'clock 9 9 30 I'm pretty much done for the day and then I can answer questions and stuff that I'm watching so that's the kind of thing that I'm looking at today we made new highs now in the Nasdaq again we have not quite done it in a doubt but I think we're not very far away so we'll be able to see what has happened Peter the 127 and the gold has held at 1268 thus far and whether that will continue to do that or not it remains to be seen but it's getting very very close now the interesting now that we're getting the oh this is really interesting here in the S&P because we're right at this is pretty interesting here actually the silver started to work a little bit by golly you'll never guess maybe the stuff works Ruby God bless you Ruby thank you for that one you get a few bagels with cream cheese on that one alright let's move on to the currencies folks because we've held these levels relatively well we're now back above the 78% level in the Euro at 1216 that 11210 we went down on a fast tick 1205 I know these are fast numbers but that's what we're watching here so we'll keep a really close eye on it and we'll see what happens with this as we as we go through the day here now bear with me one second I have to check to see how the GDX open because I want to see how close it came to where I was looking to be a buyer so give me one second to pull this GDX out with intense sense I probably should have kept it kept the order in but we'll see we'll buy it tomorrow maybe I would prefer to pay higher up for it actually because that way I'll be pretty sure that that head and shoulders pattern might be finished and then we'll take a quick look at you know it's been a long time folks since I got emotionally involved with the trade and I did that in the darn gold and the reason why I did it is it had so much technical stuff that was so perfect and it's still lining up I mean it's only a day off but the price isn't quite right there yet when I see a pattern like that you know that's one of the things I do here is I really believe these patterns when I see them unfold like that when I see multiple numbers coming in and multiple cycles coming in it really it's interesting for me because it's like a giant backgammon or chess game or something like that that you're pitting your technical stuff against the fundamental stuff that people are you know trying to look at so we'll see if that's going to mean very much down the road so we'll take a look at it hold on here just a second here and the corn is also making a three drive to a bottom pattern let's take a quick look at that that just came from Mr. Simon only at Sylvia's financial so we'll pull up the we'll pull up this thing with the corn so you can take a look at it we're really close here folks you can see this is Christmas corn the July just made it so we'll see here what we are looking at here did we get below 83 yet in the Christmas corn could someone tell me who is that Bob from Washington please tell me where the Christmas corn is trading did we get to 383 because I would like to know that I can't do it it's 380 ah good good that's it 382 was the number and I believe that was the number I just posted it didn't I what did I do yeah with 380 so we are we're below it by a little bit the number was at 382 so we're 2 cents below it so it's either going to stop right here or it's in big trouble that's the main thing so we'll keep an eye on that and we got a bottoming possibility in the soybeans today too if it actually if it holds up that way we'll have to wait and see if that's going to work well we are jumping all over the map today folks they usually have everything planned out but it didn't work the way I wanted to today because of some technical issues that I've been working with with these computers which always give me a great deal of frustration in fact almost all of my frustrations in this business come because of the the problems that I have with the with the computers but that's neither neither here nor there okay let's move on to the next one that we want to talk about and that is this pattern that we're seeing here in the SPX on the weekly this is what I think is going to happen but if we get much above 1229 28 in the S&P cash S&P futures the June futures this would probably be moving on Bill saying what I want to rejoin the pits I never did join the pits Bill I was there the first week or so and I had so many outtrades with these guys were stealing from me that I basically handed my orders in and paid $2 on each side to get my orders filled when I was there at the Merc and I spent most of the time at the back of the pit or up in Barry Lynn's office and and spent my time there when things got really active I'd go down and I'd go down for lunch and things like that to meet friends and things but being in those pits was no fun it's dirty, dangerous and dangerous to your health and your wealth because these outtrades that they had were just going to be fierce I get my first one was for $6,900 my first week down there and after that I said I don't need this anymore so I just had to put my orders into a $2 broker and most people were paying like $35 or $40 and I only paid $2 in and out so it was really easy for me to do that and I never had to worry about an out trade the filling broker had to worry about it so an out trade Terry is when you're in the pit and you have two people in there you have a buyer and seller and they're waving their hands you know they're putting their fingers up in the air they're yelling and screaming and it's organized chaos and at the end of the day you think you're short an S&P and you look and you don't see it anywhere in other words the guy that sold it to you is not organizing the trade so that makes it an out trade so they go back and reconstruct what happened and if you cheat they throw you out of there real quick 877-927-6648 which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months Timer Digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today If you haven't checked out the newsletters page of TFNN.com what are you waiting for? All of the TFNN newsletters are informative, up to date, affordable and a must have for every trader looking 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 Since 1984 Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com. Cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter the opening call 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 at the front page of TFNN.com Ok we're back folks and we're going to be watching the gold and silver here for a potential bottom either today or possibly tomorrow. It would probably be easier to buy it on strength and the buy it on weakness but we'll just have to wait and see if that's going to be the case. We're still at these critical levels of the currencies. We've talked about this 111.60 level in the Euro that's the one that makes the difference 129.10 129.15 in the British Pound. One other thing folks regarding the British Pound we have a very very dear friend a student his wife has been suffering from cancer and the doctor told her yesterday that it's a matter of days or hours so please send some white light to Angie and David over there in the UK wonderful folks we've been to their home and enjoy their company they've been to Tucson several times and just really enjoyed being with them very badly for and their daughter Angie so please their daughter Addie but anyway say some prayers for her that she passes quickly she's in a great deal of pain. Let's on a programming note we're going to have a special guest here on Friday I don't want to announce it yet because I haven't it'll be very special if I can do it so we'll see if we can get him on but it's very close and you'll be surprised if we do get him on it'll be exciting to have someone it's pretty much a household name and old friend but he doesn't like to get out into the public too much so it's a question of whether I can co-jurel him into into doing this so watch the level of 29 28 in the S&P folks if we get above that we've already cleared that of course in the NASDAQ we haven't done it in the S&P as of yet but it's still still a bit early so we'll watch it a little closer as we can so we'll watch as best we can and remember to live every day in an attitude of gratitude and may God bless.