 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. Looking good, Billy Ray feeling good, Lewis. We've got a holiday coming up on Monday in the UK and here. I guess Theresa May heads to the showers on June the 7th. I think she's been preparing for this for quite some time, whether that'll mean much or not. We'll have to wait and see. A couple of big things I think are happening in the markets. We had that big rally. It's been a hundred pips so far in the Euro. That's pretty good indication that that was a, you know, just a little bit test of a bottom. So we'll see what's going on. Anyway, let's take a quick look at some of these other markets that we're following. One of the ones that we, thank you, Mr. Z, that don't mean anything as far as one day or two days or a week, but I appreciate the kind words. Since we're talking about the stock market here, let's just take a quick look at the S&P 500 where we are today. Now remember, this is a day before holiday. That means it has a high probability of closing higher. That's a one day phenomenon, folks. I mean, it's not much after that. But if you'll notice yesterday on the 23rd of May, we made a 1.618 expansion of the day that we had back on the 17th of May. That was a 1.618 expansion. And you can also see a three drive to a bottom pattern down there at 28.05. We've rallied up to 28, I don't know where it is right now. I think it's around 28.39 was the high. And I believe there should be some support at 28.20 today and probably be in just a sort of a tight trading range. Just going to be a low volume day in stocks, folks. It always is because the Hamptons are open. And so we'll see if people are heading to the shore or not. But it's a big holiday. And so a lot of people are already gone. So just remember the markets will be illiquid today in some respects, but that also can mean more volatility. So always use a stop because if you don't use a stop, you're telling Mr. Market that you know more than she does and she'll have that big sickle right behind you. And then we'll be careful. Someone's asked me a question about my bearishness, folks. I'm very bearish. The little rally we're having right now is not very much. If you just look at the overall picture that I've been trying to paint this whole week, even when the market rallies, the rest of the market, the New York Stock Exchange Index and the NASDAQ, the NASDAQ is so bearish, it's just unbelievable. And that was the leader of the pack as was the Russell. And those are not acting well. I don't know if the sell in May is working or not, folks. I don't think that. I try to trade what I see and not what I think. And if you just look at the patterns, it's telling you that it's bearish. You got lower tops, lower bottoms, and that's what it looks like to me. I believe that we're going to be next week. We're going to be looking at this. We'll just get this up here to take a look at it. This is where we started the week. And I believe we're going to be looking at around 2730. It's about 100 handles from where we are. So that's all I see. And this was the strong one. This was the strong market. It was the one I just posted. The NASDAQ and the Russell and the Dow Jones don't look that good. That's my two cents worth. No change accepted. Platinum. I don't know whether that bottom is in in Platinum or not. I mean, it's really acting very, very poorly. That's all I can say. These are the ones that I think are most important that we're watching. If you'll remember yesterday, one of the things that we were talking about when we were on the air and Dudette was down there buying this stuff at 58 to 80 and quickly got out of it. This was the crude oil. We were looking for a price objective to come in around 5730. That was the ABCD structure. Has nothing to do with fundamentals. Has nothing to do with anything. You'll see the ABCD structure up there at 6380 when we were making a 61% retracement. ABCD structure, just a garly pattern. Nothing in the books about fundamentals. It's just a technical pattern. Sometimes they work. Sometimes they don't. And that's the key thing to remember. Now, if we want to follow through with what's going on here, you'll notice that last night, guess what happened with the crude oil? Where did it go to? To the exact price right down there at 5730, the 78% retracement of the low from March the 5th. It also completed the ABCD pattern from April the 20th. So make sure that that's what you have going on with that. And we'll see. That is my grandson calling. We'll have to let him dial another time here to let him get through here. Let's take a quick look here at one other one that looks really interesting, folks. We'll take a look here at the Treasury Bond. This is going to be a really interesting setup here in Treasury Bond, folks. Remember, this is what we were looking at here on Tuesday, which was the debacle day. When the Wednesday was the debacle day. Did you notice we were looking for the market? That's the dollar index. Shut the front door and raise the rent. They look so much alike that I get them mixed up. Let's get the $30-year Treasury Bond up, because this is the one that I think is going to cause a move up to this 5324 level. That's three handles from where we are right now, and I believe it's going to be caused by a situation where we have a flight to quality, so to speak. You can see the head and shoulders pattern that we had back here. Just remember this one, folks, because look at that right shoulder at the end of February. That was a beautiful ABCD structure coming in at that 143. We were just a tad below, just a couple of ticks below the 382 retracement, and that tells us that we're going to, you know, probably get higher up, and this is on a, hey, this is long-term, folks. This is one Barry's puppy, but we could easily make this 153.24. Hey, you know, it could go anywhere, I guess, but this is a pattern that looks like it's on its way to get to that level of 153.24. Not very far away. Remember, we made three points here in a matter of four days, so we could easily do it again coming in over the holidays, because the holidays will most probably be some more volatility would be my guess. I know they'll be trading a little bit on the 27th and some of the foreign markets, and then Sunday night, the 27th. Let's try that again. The 26th is the Sunday night, and on Monday night, they will be trading. So we'll have a pretty good idea when we come in on the 28th. And remember, the 28th, you get your Memorial Day present. You don't have to unwrap it. All you have to do is listen. We have Norman, who calls it to the minute. Winske will be on to tell us what he's looking at. So make sure you don't miss that. And also try to do something nice for a veteran, either whatever you can, because they do a great job protecting our country. Unfortunately, I was classified 4F, and because I'm totally deaf in one ear and I can't hear out of the other, but they do a wonderful job for us, so try to do that. So live every day in an attitude of gratitude and call in folks, 877-927-6648. The Taz 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. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. 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I posted it on the 15-minute chart earlier down at 2805. We had that three drive to a bottom pattern. That was also the ABCD on the hourly chart. That means we're most probably, because it is a holiday and the odds are 7 out of 10 that it's going to close higher today. That's all that means. And when that's over, coming in Tuesday, those statistics are out. It doesn't tell you how far it's going to go. It's just going to close higher than one day. All right. Anyway, we have some areas here to look at. There should be some resistance at the 28, a 50 level, which is the 61% retracement of that last BC swing. But we'll have to look at it one hour at a time as we're looking at an hourly chart. And also, now, here's someone. Does anything about the Bradley suggest the height or depth of the move? They just are turning dates, Marshall, that doesn't do anything about volatility or how far it's going to go. That's part of that. How far it's going to go. That's part of my secret 200, 400-day moving average system that I've just released today. There's only a few slots left. If you're interested in it, you'll have to contact me. It's only $3,000 a month, payable 10 months in advance. But oh, sorry, they're all gone now. I'm sorry. They just told me that all of them have been sold out. No one knows where the time is going, Bubba. I wish we did. That would be nice. The closest thing I can find is looking at artificial intelligence. And even then, it bounces around like an eight-ball. You're absolutely right. Perfect example. Just look at this yesterday here in the Euro when we were watching it online when it was happening. We were looking for that Euro to make a new low down at $1,1094. We're going to get to it, $1,1106. It missed. And look what happened. We rallied 80 handles and it's still going up. 100 handles, 100 handles. It's up 100 points right now. That tells you that that is pretty much a pretty good bottom. Now, one way of determining whether that's a real reversal or not is after it takes out those lows, Larry Williams came out with a thing many, many years ago called the average true range. And if you take a bar chart, whether it's a five-minute or 15, I like 15-minute bar chart. And if you get a bar, an average true range, that's two and a half times a normal bar, that's a pretty good idea that something has really happened. That triggered at 1,1138. That was 38 pips higher than the bottom. So that was where that kicked in. It says, hey, this is most probably going to be for real. So that average true range means real buyers coming in. So just pay sort of attention to that. I don't know whether that means a lot, but it's all technical stuff. Someone else sent me a chart this morning that I'm going to talk about it, but frankly I know zip to zip about it and I got to make any difference. Hold on here, let's take a look at this. This is the comparison between the China's gross domestic product and the U.S. gross domestic product. You can see the U.S. is in that pink color or fuchsia or whatever it is. I guess it's pink. I don't even know what color it is. I think it's pink. The white, of course, is China and they're going to be overtaking us someday. But you'll notice that the slope of that Chinese is not going as strong as in the pot. The eagle has landed. The chicken is in the pot. Broad sore to Danny Boy. Broad sore to Danny Boy. Come in, Danny Boy. Can anybody hear me? 10-4. Back. We lost the connection for a bit and that's about it. Sorry about that, folks. That's just a chart, folks. I can't make any money off that chart, so I have less interest in it than I did before I looked at it. What does that tell me? It just tells me that the GDP and the Chinese GDP are going up. Well, gee, that's not hard to figure out. Look at our stock market. We've gone from, what, 6400 on March the 5th of 2009 to 27,000. Yup, we've got a strong market, so we'll see. We'll just take a look at it. That's all. You must have went to a Catholic school, Jay, like I did. Anyway, let's, yes, I am married to a Chinese girl. And those of you that met her know that she is one of the best ones. She's really a good lady. She's got a heart of gold. Anyway, let's move on to a couple other ones. The main thing in the currencies, folks, is a really, really strong probability that that dollar index has made some type of a double top up in here. If you'll notice, we want to get this chart up to take a look at it. We did go up and we hit that 98 level. We tagged it up here, 98.25. That's a ABCD offer the move from March and April. If we don't get sharply higher here, and it doesn't look like we're going to because of the strength that we're seeing in the euro, that's it. If we get the euro above that 112.60 level in the next day or two, that's going to significantly tell us that there is a really strong bottom in the euro, i.e. a top in the US dollar index. That's what it looks like. Well, by the way, Stan Harley will be our guest today. I spoke to Stan yesterday afternoon. And hopefully all the technical things on both sides of the country will be finished here and we'll be able to get this done. But he's always fun to listen to and we'll talk about some of the things he's looking at. One of the questions that's always posed to me almost in every single day is, are we at a major top in the stock market? Folks, I don't know for sure. There's a possibility of it, but I don't know the absolute answer. One of the reasons why I think we could have been at a major top was the fact that the way we looked at this market on the New York Stock Exchange Index, if you'll take a look at it, you'll see that we had lower tops there. We had a lower top than we did in August. And we had a lower top in April. We had a pretty good break. And now we're starting to come down. So maybe it is, maybe it isn't. I don't know the answer to that. I try to look at it every day and nothing tells me that we're not going to go higher right now, but we could very easily. This level that we're going to be watching at 2735 next week, if we do get there, is going to be very, very significant. That's a big ABCD. And that's the first one we've had in a long time. So that'll be the one that'll tell us what we're doing. And remember, folks, I keep saying this, but no one believes me. I'm just a technician. I look at each bar chart and that's all I want to see. So we'll see. Blue horseshoe. Yeah, I love that movie. Anyway, we'll keep an eye on some of these other things when we get back from our break. And we'll have Stan Harley on. He'll give us a pretty good idea of what we're looking at with some of these other markets. So stay tuned for Stan the Man Harley because he does great work. And we'll have him on in about four minutes. Larry Pezzavento has just started his brand new service Fibonacci 24-7 and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends. Each Monday, you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out. And throughout the week, when warranted, Larry will send out via charts or videos or both the key markets that he is watching during the day. 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. If you're a technical trader that uses patterns and retracements to trade, then Larry's service Fibonacci 24-7 is something that you must try. 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So what we'll try to do is to wait and see if we can... I don't think we're getting anything at all in. Can anyone hear me, broadsword to Danny Boy? Broadsword to Danny Boy. Stan, are you there? I don't hear anything yet. Well... Well, I'm not hearing anything. I don't hear Stan on the line. So evidently, we'll just continue to go on. And I'll just do the... Stan, are you there? Don't hear anything. So I hear some kind of a sound, but I don't know what it is. You know, folks, it's probably best that I'm off the air on times like this. I have to tell you a funny story since we're doing this. When I did my very first show at... for Financial News Network way back in... oh my gosh. 19... oh, I was at Drexel at the time. It was 81, I believe. And... my daughter was just getting her driver's license. And we had... I had a new little sports car, so she drove me from Westlake Village down into Santa Monica where the studios were. And as we were driving, she said, Dad, promise me one thing. And I said, what's that? I'm off the air because some of my friends will be listening. I've reformed my ways now, folks. I've seen the light. Stan, are you there? Evidently, we're having some trouble, so we'll not worry about that. I don't know why we're not having. Anyway, one of the things... I got two emails from folks asking about the rule of four that Stan talked about with the GAN. I've done some work with GAN, but nothing like what 20 men did. As I recall it, that rule of four is if the market goes up and tests the same area three times, it backs off. When it goes through the fourth time, that is the key one. Now, if it does that, that is extremely bullish. And as we mentioned before, we have this big pattern in the S&P at 2735. If that's what we get over the holiday and then start to push back above there, that would be extremely bullish. Now, all the news, all that stuff, none of that will make any difference if, in fact, it does that because these markets would have a tendency to run with these cycles and they take bad stuff and just throw it out the window. Look at our load that we made back on December the 26th. We were looking at a trade war and the market rallied what, 30% in the midst of a trade war? Now, of course, it's given some of it back, but very little. But, you know, not the stock market. So this is something that we need to pay close attention to. I was hoping we'll get one more thing here that I wanted to mention here that Stan was talking about. I just want to bring this up. I should let him do it. I'll do it one time. He's a good old buddy. He won't mind if I put this up here. Just get second right here. There we go. There we are. See what such we're looking at here. Uh-oh. I think I heard Stan coming on the line. Are you there, Stan? Thought I had him for a minute. Obi-Wan Tanobi took him away, so we'll have to wait and see. I don't know why we're having so much technical difficulties. It must be the Arizona vibes that we have. I don't know what the answer is, but good morning. Hey, hey, 10-4, Robert Duck. Can you hear me? Can you hear me? I don't think Stan can hear me, but I hear Stan. I'll be darned. This is one of those technical issues I wish we didn't have, but that's neither here nor there. Well, I'm not going to have to worry about it. Al, if you'd be so kind as to get Al or get Stan on the phone and see if we can get this thing rectified, I would like to see if we could get him on. This is the only time we've had this much trouble ever having a guest on. I don't know if we're being formalized by having someone as popular as Stan Harley on the line. I don't know. Let's take a quick look here at this British Pound, folks, because we've been down here for quite a bit. We now know that the Miss May is in the history books. We did make that 78% level down there at 26-20. We rallied 100 points this morning when they said that she had resigned. We have since given 90% of it back. Jay is telling me that the Federal Communication Commission are penalizing me for saying the S.O.B. word off the air the other day, which unfortunately I did, and I certainly apologize for it, but folks, I'll tell you, it's the computers. The markets they don't bother me at all. It's the computer stuff that gives me the problem. It just drives me absolute up the wall. It always has and it always will. Now they're telling me that Stan is on the line now. I won't believe it until I hear his voice. Are you there, Stan? Good morning, Larry. 10-4, 10-4, 10-4. Hey, listen, the question that we've got more than anything else is about this four-drive pattern that you talked about with W.D. Gantt. Could you explain just a little more of it, and I want to apologize for the technical difficulties that we that we've had, but try to give us a little bit more of an talking about that Gantt rule of four if you could. Absolutely, Larry. This is something I've looked at for a long time, and I haven't seen this pattern in many, many years, but we are seeing it now. What happens is we, and as the market advances, the first three attempts at some area of overhead resistance result in a failure to break through that resistance span, and that's exactly what happened. If you look at the Dow Industrial, for example, draw with a heavy felt tip pen, draw a line across 26,560 roughly. You'll see that line contain the three highs that occurred in January of 2018, October 2018, and most recently in April of 2019. And so the rule of four says the fourth attempt should break through that resistance span and break through with the vengeance. And I think that's what's developing right now, Larry. We've had these three attempts. We're backing off right now. We are in the process of concluding the second trading cycle from the December bottom of last year, and either it has, it either it just completed or it will complete the very first of next week. We're really, really close here. I need to see how this day evolves and whether or not my indicators that turn definitively to the upside, but we're awfully dug on close to the end of the second trading cycle. And then once we're certain of that, then we should power up here and break right through that band of resistance. You can see it very clearly on the Dow chart. You can also see it on the S&P chart if you draw a 2850 on the S&P cash with a heavy felt tip pen. You can see how the three highs, January of 2018, September of 2018, and most recently on May 1st are all contained by that line. Stan, one of the things, the market really is holding all this bad news relatively well. We have 300 points and the Dow Jones is nothing anymore, but it is rather quiet on the downside. What are you seeing as far as the issues advance to Kleinline and new highs, new lows? Is it looking okay also? Well, Eric, good question. Yes. We have to take a break and I'm afraid to put you on hold, but can you stay with us a few more minutes? Absolutely, my pleasure. Thank you so much, Stan. Stan Harley of the Stan Harley Stock Market Letter. The Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from 30,000 to 75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. 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For folks who don't know the advanced decline line is computed by maintaining a running summation of each day's net difference between advancing issues and declining issues on the New York Stock Exchange. I maintain the information in a spreadsheet from all the data in the column and plot it. The AD line just recently made a new all-time high. That portends that the broad market will be in record high territory in the not too distant future and that's my premise as you know. The bull market express rocks on here. We're doing a little trading cycle pullback on going right now. Whether or not we've actually hit the low on that is something I'm not completely certain of. I think we're awfully dug on close from the time count and the Fibonacci relationships suggests that you may possibly continue in the early part next week. The S&P has yet to tag its 200-day moving average whether it will or it will not is an open question. The New York Composite and some of the other benchmark indices have so we don't necessarily need to see the S&P do that. But certainly not a requisite here to providing technical underpinnings for the next advance. Once we complete this trading cycle, as I said we either have just done it or we're imminently about to I think you'll see this thing gather some momentum on the upside and in the blink of an eye we're going to be in record high territory. We have a questioner from a listener in the state of Oregon and they're asking do you look at any fundamentals when you're doing your letter? I don't. I mean I watch the news like everyone. I watch the major networks of course I watch TFNN, I watch CNBC, a Fox business Bloomberg and I've got my ear wide open here listening to fundamentals. I'm keenly aware of course the trade issues we have with China and so forth, but no I'm a 100% market technician I'm an aerospace engineer by training I'm a number cruncher that's just kind of who I am and I look at charts, I look at patterns I do a lot of statistical analysis I look for cyclical functions Sibonacci 100% technician. Well that sounds familiar to me Stan listen I wanted to thank you for being on and the problems that we had at the beginning of the week so hopefully it will get you back you know really soon but enjoy the holiday and one other question someone just asked is do you see anything on a Sibonacci date basis around June 10th to 14th do you know anything, does that ring a bell of any kind? No I don't I don't have anything there No No I don't I think we'll have the low and the rear view mirror at that point that's my feeling Okay well that's great well listen thanks for joining us today and we'll have you on again soon and I hope we'll get to see you sometime during the summer Absolutely look forward to it Larry Hey thank you very much Stan Harley the Harley stock market letter out of Arizona Phoenix Arizona and we'll have Stan back on again in another couple of weeks hopefully without any technical difficulties that would really be good. Let's take a quick look we've had a nice little pop here we got up to 28 42 in the S&P remember there's a big Fibonacci number setting up there at 2840 we have an interesting time trend change here at in about 15 minutes we'll see if the market starts to move down or up at that level and we'll keep a very very close eye on that. The gold is now trading at that's 38% retracement down here at 1280 that's off the low we made at 1267 up to 1287 and the 382 retracement comes in here at 1280 so that should be an area that would give us some type of a holding pattern in the gold but the gold turn time today folks is pay really close attention to 11 o'clock that's in an hour and 13 minutes there's something there that is very very interesting from a statistical point of view that might make some good movement but again that's just a probability it is never a certainty that is 100% for sure I do want to share with you one chart to hold on a second if we could just show this chart for the hang saying because I brought this to our attention three or four weeks ago because it was so very very bearish and I just want you to see where we stand now this is very very oversold but you notice that we had that three-day rally into last week and then the big move down the gap down yesterday we're not very far away from strong support at the Fibonacci 618 level at 266 I think we tagged yesterday just a little bit below 7000 and I believe we're going to get that but this is a really bearish chart and we're seeing the same thing of course in the emerging markets these are very very bearish markets as we were making new highs in our indices back on May 1st these markets were barely making 61% retracement and even struggling to do that as you can see here because it stayed there for three weeks not a very good technical sign but remember this is all technical it has nothing to do with the fundamentals that could change in a heartbeat if the Chinese come in and say please let's do some business or whatever we're not going to stop doing business with China and they're not going to stop doing business with us just a question of what's going to see what's going on so we'll pay attention to that as we look at it now the crude oil I think it's made a pretty good bottom down in here we talked about that at the beginning of the show it's completed all of the patterns that we're looking at and now you want to be watching for a particular pullback to see if what's going we'll see what's happening to that so I think that Bill is asking where the tariff money is going I believe it's going to the campaigns they split it equally I don't know folks that's just like when the SEC finds these guys millions and millions of dollars we never see where that money goes do we they find Mike Milken a billion dollars and where did that money go do they ever tell us nope does anybody ask nope but that's the way it is you know what are you going to do it goes to the Hamptons you got that right dollar bill the platinum folks I don't know where the platinum is going to hold that $8 level again or not I don't know where it's trading right now but platinum doesn't look very good the silver still looking pretty good gold still looking pretty good but frankly the others just don't look that well so we're going to see I hope some of that support does go to the farmers because they are having some problems but you know we've had a pretty good rally here in corn we've rallied over 40 cents a bushel it's now what we call if just looking at on a really short term basis it's a minor trend change to the downside we hit some resistance up today at 410 so we'll see that's it crude oil is all I have right now I don't have any of the grain charts because I didn't want to go into that today but someone asked a question about it and we'll see but the weather is still very very wet across there and that's really what we're what we're watching so that's you know pay attention we'll be right back 877 9276648 I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done 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 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 at what 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 to 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 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 and calling price turns to the next 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 2 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 2 week free trial to Basil's newsletter by visiting the front page of 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 ok folks we're going to move on here a little bit we have a holiday of course the odds of the market closing higher today are better than 7 out of 10 70% but it's a one day phenomenon when you come in on Tuesday those odds are already over we should close higher today but that doesn't mean it's going to close higher on Tuesday it's just a one day phenomenon of course the most important of those statistics is the day after Thanksgiving that is the day that's almost always up I think it's 85% on that one but it's just a one day phenomenon as we mentioned I want to just talk a little bit because the newsletter this week is going to be focused on the US dollar because of what's happened here with the Euro we were watching it happen it occurred yesterday we went down and hit that level that we were looking at we just missed we took out the lows of the late April by four pips and then we immediately rallied and when we went higher than 111.38 that really triggered the fact that there was probably something really significant because it did it within 15 or 20 minutes and that was the harmonic numbers around 40 pips that quickly in the Euro that is really indicative of a move that's most probably going to continue remember these forex traders they have a lot of algorithmic stuff and when these new bottoms are taken out and the market doesn't go anywhere that's a sign that it's probably getting ready to rally and that is in fact what had happened this time it doesn't do that every time of course but that's it folks make sure you do something nice for some veterans if you can over the weekend it's very important because we're here because of them otherwise we'd all be speaking German let's make an effort to try to do something nice for someone that has a lot less than you folks it's very very important so live every day in an attitude of gratitude and may God bless and we'll see you all Tuesday morning at the usual site here at the offices of Duke and Duke 100 South Broad Street Philadelphia, Pennsylvania and we have the whole upper floor