 The following is a presentation of T-F-N-N. 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, Louis. We're going to take a look at the German DAX. As you can see, it is continuing its downtrend with a little bit more force to the downside this morning. Deutsche Bank stock is considerably under the $7 level and we believe it's going to go to somewhere between $5 and $3 a share when the German government will say, we now take control of the bank. Whether that'll happen or not remains to be seen. The next one we want to look at also is under a great deal of pressure and that is the FTSEE. As we take a look at this, you'll see the FTSEE has got an ABCD structure down there somewhere around 7,000. We're 200 handles away from that. We just missed the 61% retracement on the upside by about five points and now we're heading down. It looks considerably lower. We've been saying that for quite some time but whether that's going to continue that way or not, we really don't know but the good part about this is boys and girls, nobody else does either. Now there's a couple of big things that are happening. I want to bring this to your attention today. This is from our good friend, Rich Anderson from Anderson Capital Management. He gets this from one of his chart services. I think it's QT charts or something like that and you'll notice that they're giving price objectives. You can see here of December corn at $454.7, $487.2 but just look at this. This is actually two days behind. If you look at that $454 level, that's the key level to look at but what we want to do is to look at it the way we look at it and that's what's going to be interesting because if you take a look at this, this is the same chart only we put our patterns in it and we put our ratios in it. You can see that $454 level, we got up there, $454 and the three quarters, that was the 1.618 expansion of the high in June and it's also on the downside, it was a 1.618 expansion down there where you can see the butterfly pattern bottom down at $365 when the tariffs, whatever it was were pushing the market lower. Here we are, a dollar bushel, $4500 higher and you can't find anybody that wants to sell it but boys and girls, if 1.618 brought you to the dance on the downside, you'd think that 1.618 should tell you to leave the dance on the upside. The problem is people get really, really emotional because you have fear and greed and of course fear is a greater emotion than greed so here we are at greed but we hit the number my assumption is we made a top today in December corn how much of a top it's going to be, I don't know and I don't even know if it's going to work or not all I know is that it went to $454, that was the number we were looking at and whether that's going to be the case or not, we have to wait and see what's looking but if we look at the, if you remember yesterday I'm doing this in the midst of a big weather market folks so give me a little slack because a lot of this stuff doesn't work, some of it does. Anyway, look at this weekly chart going back over the last five years, you'll see that the 61% retracement comes in here at 442, da-da guess where July corn is and guess what, we've taken out the highs of 2015, 2016, 2018 and we're sitting right at a 61% retracement while New Crop Christmas Corn is sitting in a 1.618 retracement. Expansion, I wonder if that means anything or not we'll have to wait and see. Let's take a look here at the weather map that we see across Europe, we're having trouble here with wet weather, just take a look at what's happening in Europe, all across Europe you can see it's just other than Spain you can see almost all of Europe, Italy, Germany, all these places are just inundated with wet weather. There's no wet weather in the UK as you can see over there but that doesn't really mean a lot because there's not too much of a corn or soybean crop over in the UK so just watch that as we go through some of these things. As far as the S&P folks, we have a very interesting situation where the market just keeps getting weaker and weaker. Now last night we hit some very important support here, I want to bring it up to you over the past five days we did make a 1.618 expansion down there at 2782, we had a little bit of a three drive to a bottom pattern as you can see with that ABCD format we've had a little bit of a bounce but I think any bounce that you get up to that 2804 is going to be screaming please sell me, please sell me, please sell me and the reason for that is it's a 382 off that high that we made two days ago plus it's going to be where the resistance was way back on May 23rd that comes in at 2804 ie 2803 whether we get there or not remains to be seen so we'll keep watching that as we go through and looking at some of these other markets that we're paying close attention to. I've asked to, yeah the fibs work pretty good Maria, the problem is they don't work all the time and they're very confusing to a lot of people and the reason why is the fact that they don't understand that it's not just one fib number it's a combination of fib numbers coming together from other swings so you put them together with the patterns and that's really what the whole thing is all about that's the real thing to pay really close attention to at least that's the way I look at it whether that's the right way or not I really don't know let's take a look here at a couple of currencies that are really at real critical points these are cross rates that we look at all the time here is the British pound again we want to bring this up because it's gone down there again tested that same bottom you'll see that's the big ABCD pattern going back to January that is a Gartley pattern you have a perfect ABCD everything is set up, it might not work of course but that's what it's looking at now I want to share with you another cross rate the British pound versus the Japanese yen I've got this marked wrong folks because I did it in the middle of the night as usual but you'll see here that this is hold on a second here you'll notice that it says GBP USD cross rate that's not correct, if you look at the far left it's the GDP Japanese yen cross rate so it's pulling down, it's got the same pattern but it's a different cross rate so let's remember this is the British pound versus the Japanese yen it's telling us that the pound should start to gain against the end now whether it does it or not we don't really know but we'll see what's going on I don't know what LYC means Terry so that joke is over my head so we'll have to wait and see like us, oh here it is Linus Corporation, Rare Earth Metal they're supposed to China is going to stop selling us Rare Earth stuff, whatever that is that's probably something like Palladium or something like that speaking of Palladium and Platinum folks, Platinum hit that flat out moment of truth number down there you'll see it as we posted here this morning I don't know if it's held so far but it went right down to that 792 level my beeper has not gone off so I assume that it's still above that level but we'll watch that next morning about Rare Earth stuff folks I have about the Rare Earth I'm thinking about is corn, wheat and soybeans, those are the ones that I'm sort of paying attention to this morning and when we get back I wanted to share with you just a little bit longer term view on the wheat so you'll get an idea of some of these numbers and how they fit together 877-927-6648 the Taz Profile Scanner is an evolutionary 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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the upgrades TFNN.com educating investors call now toll free at 1-877-927-6648 internationally at 727-873-7618 okay we're back folks and I posted a chart of the long term weekly chart of wheat the reason why I did this is two fold one is that it goes back about five years you can see the big swings that are in there I've marked some of the lunar and solar eclipses just to show you that sometimes they're spot on other times they're off a couple of days sometimes they don't work at all but the primary reason to bring this to your attention is in Dr. Lowe's second book well I think it might have been his fourth book the evolution of technical analysis he spends the first 50 pages of that book looking at the astrology so we'll see there's no wheat chart let's just get it up here I thought I had that problem solved let's see if we get it up I think that's it okay yep I think we're up okay now with the wheat chart but you'll notice that the patterns that are there they work pretty good like other things they don't work all the time but it basically tells you whether there's more buying or selling what we're looking at now in wheat is a market that is rallying up to a 61% retracement on the daily at the same time that we have this monster weather market that is going on out there so it's going to be interesting to see how this unfolds over the next a few days I did have the weather map for China but frankly I didn't think it would be interesting to share it with you but the one for Europe was certainly good Cotton I believe Ruby has made a significant bottom and I'll get this up here so we can take it looking at cotton to fluff because I believe here on the weekly chart you're going to see this as a very very positive very very positive chart you had a three drive to a bottom pattern on the weekly setting right at the 78% level at 65 we've had a good strong rally after that and that tells us that we're looking at something that could be much better I know you're going to ask me about sugar the sweet next Ruby and that's really looking good Mr. Z has already posted the fact I believe we got above 95 we've rally rallied about 6 or 7 cents off that triple bottom so the sugar is acting pretty good and cocoa doesn't need any help at all it still looks pretty good so the softs are doing okay and of course we'll see now with these markets turning especially what we've had in the grains now the whole world wants to buy them they're probably right but the main thing is is that it's going to change that chart that Dennis Gartman talked about remember I posted it several weeks ago I don't need to post it again and I put it into the newsletter a couple times it shows the relationship between stocks and commodities when commodities are bottoming stocks are topping and we are certainly topping folks the key to this market and this is my two cents worth and remember you get what you pay for two cents for what it's worth let me get it up here so we can uh oh please tell me I got it I know I have it I do have it I have this fixed out now how to do this I don't have to fight for it anymore folks let's take a look here at the E-mini and what we're going to do is we're going to look at it on the daily basis you'll notice that where we are now we're trading a little below the price that I posted this yesterday I think we're at $27.85 like we're heading down to $27.30 we've been talking about that for a very long time now something significant happened last night at that 78% level at $27.82 that was one of the gaps that we had on the daily chart I don't remember which one it is here but it's on the S&P cash and that was one of the gaps that was there so let's remember this E-mini goes through overnight stuff whereas the S&P cash does not the ABCD structure here to me is what is very important this would be the very first ABCD correction since we made the low on December the 26th and where does it come in at exactly at the 382 level so we'll see now you'll notice they're talking about jumping the creek well that's where you see the 78 and 61% level we held that for a couple of days we've rallied up to a $28.98 and then Bada Bing, Bada Boom where 100 handles lower very very quickly here in the last six or seven, eight days and it looks like we're heading down to $27.30 now regarding the date the timing part is so difficult folks but the date is based on what we're looking at in the Bradley and frankly when the Bradley works it really works and when it doesn't work well this is not saying very much it doesn't work but if we take a look at this just quickly look at this one more time you'll see that number they were looking at is around June 6th or June 7th that's next next week that's about well it's about eight nine days from here so that'll be like next Thursday or Friday it looks like let's just check this out for a quick move here yeah June 6th would be a that would be a Thursday so let's keep an eye on that that might be something that would be pretty interesting to see that also happens to be the day before Jim 20man's birthday so he was born the day before D-Day so that's that's interesting okay now we want to a little human interest story my eight year old grandson is really interested in world war two my god he knows every single fact about this stuff and he's studying all about Europe and stuff and he was talking about the Berlin Wall with me on Skype and he said I'll bet you don't know when the Berlin Wall came down and I told him oh yes I do it was November the ninth 1989 and the only reason I remember that folks is I was writing a newsletter astro cycles and I made a prediction there that on August November the ninth there would be something so significant happening in the world that it would be on every major newspaper in the world hands down and if it isn't I'll give you a free year subscription to astro cycles that's what I did I mean talk about crazy anyway that's Tom's old Brian's birthday is today happy birthday or is that November 9th oh well whatever anyway that was the fall of the Berlin Wall and little Avery was really shocked to know that that I knew that number but that's what happened and it was on every paper but what did it do to the market absolutely nothing when Reagan said Mr. Gorbachev tear down this wall you know it did tear it down but actually it didn't do anything short term but longer term it was the reason for these huge bull markets that were happening because if you looked at the crash of 1987 on October the 20th that made a 61 it was a day after the crash made a slightly lower low on October the 20th it made a 61% retracement on the long term low going back to August the 9th of 1982 and from there we've gone up people ask me is this a major high that we're looking at I will be able to tell you that if we go below 2700 below 2700 we've made the major damage has occurred the first signal is it goes below 28 27 20 it should hold 2730 but if it doesn't you know that's the ABCD and these fail that's it the key time to watch a course is this June 6th level and then we'll we'll see what happens but if it works that way it's going to set out a really beautiful trading map to look at for a rally and then a big move down because you can see from that Bradley model after August it's heading south and you know you don't always work but you know like old Yogi said you got to dance with the girl you took to the dance so we'll see what happens with it right now it's going lower and if we take out 82 2782 we're heading down to 2730 in my humble opinion 877 927 6648 if you want to call in the lines are jammed right now folks but they'll open up soon and we'll see how it's going that people are going to hit on to the next level and the week of the event though a 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 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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, folks, I've posted a chart of the July soybeans. It doesn't show the headings, of course. But that's what July soybeans, there's quite a bit below the level. We've had a big run. They're following wheat and corn. But the key to watch, of course, is the December corn. That's the one that has hit the number spot on. We also hit the number spot on in the wheat. The July soybeans are not the lead. You really want to watch the November soybeans. That's the one. Let's just do that because that's something, I think, for grain traders and, well, for anybody. It's important to watch what the other markets are doing. We'll take a look here at the November bean contract and see what it's doing here this morning. It's not nearly as strong. It's only gone up to the 61% retracement. Let's get this up and then we'll be able to see. Give me one second and we'll have this posted for you. If I've done this correctly and it's done what it's supposed to be doing, it's going to be coming you or post-haste. Here it comes. By golly, this thing is actually working. Holy cow. The front door and raise the rent. There we made the 61% retracement up there at 9.15. We're trading at 9.04 right now, whether that means much or not. I don't know. Folks, I post these patterns for your interest and stuff. Sometimes they work. Sometimes they don't. But the key is that you have to be able to protect yourself with stops and then also being able to take responsibility. By the way, there are some people that get by without using a desktop. In other words, they don't have a stop in the market. But those people are very, very experienced and they trade an equity stop. In other words, if they're in something like, let's say soybeans and they were to gap up 15 cents and they were willing to risk about five, they're going to take that extra 10 cent heat and just get out because that's going to damage equity. If you're trading a very large account, well over at least seven figures, you wouldn't have to risk more than a half of 1% more than $5,000 at any one time. So I know it seems like a lot, but that's how they sometimes handle these things. So I think it's important that we recommend this or bring it to your attention because I think it is pretty important. If you'll remember, one of the things that we mentioned the last couple of weeks is about the fang stocks. That was one of the reasons for our bearishness in the stock market. We've had a lot of these stocks have really gotten hit pretty bad. And one of the ones that we've been watching, of course, has been Google. And if you'll take a look up here, Google is heading towards down another 10% at least with that ABCD structure because that C level, that BC swing was exactly 0.382, which is the minimum Fibonacci level that we look at. So whether this turns or not, we'll have to wait and see. We'll have to see what happens. The grains have sold off a little bit. Folks, I don't know whether that's going to be the top in the corn market. All I did was look at the 1.618 expansion on the bottom, 1.618 expansion on the top. It was at the exact price, $4.54. The high was $4.54 and a half. And whether that's going to mean anything or not, I really don't know. It's just a number, just like it was on the bottom. You don't know. You pay your money and you take your choice. That's all you can do and then move on. The cattle market is still trying to find a bottom. I haven't done anything in the cattle for quite some time. I'll wait for the bottom to form. But the one that is looking very interesting from a standpoint of fundamentals and stuff would be the hog market. Now, this happens to be the one that I'm looking at here is June hogs. But that's not the one you'd want to be watching. You'd want to be watching August hogs. That's the one I will start following this week because we're coming into June 1st. And that's something that I think is going to be pretty, pretty, pretty amazing. All right, boys and girls, it's time to put your big boy pants on. We got a big one coming. I don't know if it's going to mean much, but it's got all the things that you like to see. Here's what we're looking at. This is the big daddy rabbit of all the commodities is treasury bonds and treasury notes. And as you can see, we hit the 153 level today. We're very close to 153-24. That's where you put your big boy pants on and start to sell, sell, sell. Get in there and sell, as they say, in trading places. And you don't have to risk about more than a half a point, but it looks really interesting. If we take a, what do you mean that's platinum? That's not platinum. That's, that can't be platinum. Are you kidding me? Shut the front door. No, that was treasury bonds. What are you talking about, TFN? That was treasury bonds. Yeah, ZB, that was treasury bonds. Let's take a look. So we're going to cross the pond a little bit here and go over and take a look at the German bond. Let's just move up here. And platinum is showing. Well, it's not showing in my chart. Well, let's go back here. And before we do that bond, let's make sure we do the one that we're watching and not screw everything up. Okay, here's the bond chart. Go a little bit slower here. Click the button. Okay, there's the bonds. We hit 153, I think 152.30 today. I think we're hitting 153-24. That's a three drive pattern. That's a 78% level. That's the, what do you call it? The profit objective on the hidden shoulders pattern. All the things that you like to see. Now, let's go back, it should have been bonds. That's right, I don't see no platinum in there. Okay, let's take a look here at the German bond. This is the 30-year bond in Germany. And we're going to bring it up so you can see it here. Here is the bond. This is the ABCD structure from the end of February. The market went up, came down to a 61% retracement ABCD structure. That was a really nice guard lead level there. That's what we were looking at. We were watching the bonds of the hidden shoulders pattern. And then today we went up and we made that ABCD pattern. So these interest rates are getting ready to turn down. What do you mean no bond yet? I'm, holy cow, we got major problems here. Just a second. I'm seeing the bond. I think I am anyway. Well, maybe not. Hold on just a second, got it. Just a second here, what's going on? I thought I had all these technical problems done, but evidently not. Okay, here is the bond. Mr. Bill is seeing the bond. So somebody's seeing the bond. Anyway, well, okay, that's it. Anyway, I think we're getting really close here in the bonds, whether that means anything to the stock market or not, the correlation there goes back and forth. I don't know if it means a whole lot or not, but we're gonna be coming down here to some pretty strong support here and the stocks is a little bit lower down at that 2730 level. Well, Al, I can tell you this, I can see it and everybody else seems to be seeing it. So I don't know what's happening over there at your place because it's showing the bond is up, the bond is up. I'll be darned. Al, oh, I got it. Al, it just came through. You haven't paid your subscription. Get your check in the mail, Bubba. All right, let's move on here to a couple other things. This one's the main one on my watch list, folks, is this interest rate thing with the bonds because I hear all kinds of rhetoric about why negative interest rates are nothing new. The history that I've read, I've never seen it before. It doesn't make any sense to me that you would pay someone to hold your money and they not pay you anything forward at all. So I'll mess with you. I think Al is probably teasing me a little bit. Anyway, Al is the number one guy in my book. Anyway, we'll try to get some of these others working here. When we come back, I want to recover one other thing on August talks and then we'll be right back. If you are in the CD market and looking for a secure investment, 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%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of 1,550 per year or 6,200 over the four-year period. That same $50,000 investment in the Tiger First mortgage program would give you 3,500 per year or 14,000 over the four years. What should you prefer? 6,200 or 14,000 of interest on your investment. If you'd like more 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. 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The big boys over there in China, they move their money through Hong Kong. And when you see stuff like this, you have to pay very close attention to it. You notice we made that 61% retracement there on May 1st. We've come down really quite sharply. We're trading below 27,000 now. That's another, you know, the bearishness that was there. That was all part of the overall divergence that we were seeing. But one of the key things was a week or so ago, you'll notice here on the Hang Seng index, we had that little three-day rally. It stopped at around 28,000, rallied up to 28,500. I mean, really a dead cat bounce, very similar to what happened in late April and then by the Bing, by the boom. And we know, folks, we are dancing with the Fibonacci level of 618 now very, very shortly at 26,800. Below 26,800 in the Hang Seng is not gonna be a good thing. So just kind of keep an eye on it. That would be equivalent to what we're looking at in the S&P. Below 2700 in the S&P, we're telling us that these things would be, we'll be able to see what's going on. Anyway, whether that's going to be the case or not, we'll have to wait and see whether that's going to be. I see here now that the Christmas corn made 441 and a high of 454, whether that's gonna be a high, who knows, but that's neither here nor there. Fact is a 12% break in corn is a lot in a weather market. So Mr. Z, you might be spot on. That would certainly be the first profit objective if you sold that 454 level. Now, I wanted to mention about one other cross-rate that we haven't, yes we did. Hold on a second. I've already covered that cross-rate. I wanted to do the other one. Oh dear, haven't been able, oh, here's what I wanted to cover. This is really important. This is from our good friend, Dennis Gartman of the Gartman Letter, one of the most expensive and most well-read letters across the board. I think he gets something like 300 bucks a month for this puppy. But if you'll notice here that he posted the S&P 500 here on the weekly chart showing the three little humps there, that is nothing more than a three-drive pattern. We've seen that before somewhere. Let's just take a look and see if that's the thing we're looking at. Well, by golly, here it is. It's a very popular pattern. Many, many technicians look at it and it is a three-drive pattern. We have drive one in January of 2018, drive two in August of 2018 and then we had the last one on May the 1st. And as you can see here, the 382 retracement on this move comes in at 2730, folks. That's the key level to look at. That's the ABCD. That's the bottom line. That's where the game is played at that point because below that, below that, boys and girls, that is not a good sign. Whether that's gonna happen or not, don't know. You know what else? I don't care. I wanna wait till I get to that spot and then we'll watch it very, very closely. I did want to mention one other stock market that is important to those folks down under and that is the Australian 2000. That's the equivalent of RS and P500. And you'll be able to see here that you're looking at a three-drive pattern up here and completing really nicely. And you'll notice that this is a weekly chart going back to 2015 and you can see the highs are lining up right at this week. So you've got a one, two, three, you got a three-drive pattern. Oh my goodness. That's also a reverse point wave. Look at the green triangle where it starts. That's point one down to point A. That's two up to point three. You take out point two at, looks like the 61% retracement of the 2015 low. And where are you now? You're at 1.27 of that. This market should start down right now in the Australian. This is one of the few markets that's been going up. It's defied everything. So it's doing pretty good. Anyway, this should be very, very close here and that Australian weekly. So sort of pay attention to that. That would be really interesting to see if that is going to be the case. All right, that is going to be, let me see here what else we've got here that I wanted to think. Oh, one other reason why the overall bearishness to me it was really quite apparent, but I'm not, I don't follow the fundamentals, but here was the transportation. Here we had a market that here on May 1st, making a right shoulder, just absolutely perfect in time from your left shoulder to your head, your head to your right shoulder, exactly at the 78% level. You take out the highs of August by what, five or 10 points and then you roll over and it's continued to come down. Those were just the divergence that I was seeing when you looked at those folks to see what's going on. LYC is an Australian minor, but I don't know how to find an Australian minor, even if it was under a rock, Terry. So I'm very, very, very sorry. The utilities, I believe so, but the utilities are running into the same thing that we're running. Hold on just a minute. Just give me a second here to get the utility chart up here and we'll get this up here and pull it up. You'll see the three drive pattern here in the utilities. We could easily get up just a little bit higher and then that should be it. There's an ABCD pattern there. That's a very symmetrical pattern here, folks. You've got one, two, three, three drives to a top. You're almost at the 1.618 expansion. I don't know where it's trading right now. Let's just double check to see if utilities got that high because that might be spot on. So let's just take a quick look here at what we're looking at and we will be watching here one second here by the boomer, transportation. We want utilities. We'll get that up. There's a trading at 8.20 while by Golly. We hit it right on the money and backed off. Son of a gun. Well, that's going down too, folks. We hit that 8.811. That was the number and now we're trading at 792. That's not a good sign either. So that's what I'm seeing from the cheap seats. So let's sort of pay attention to it. The main thing is I wanted to mention to you today, folks, that when I post something on the artificial intelligence, it's just a probability just like everything else. I mean, all of this stuff that I'm doing here is related to probabilities. Nothing more, nothing less. I don't know what else to say, but let's just take responsibility and do it. That's the bottom line. I enjoy coming in here to TFNN and giving you information. Fortunately, I don't get too many rotten vegetables thrown at me, but I expect that in the business. But it's all about pattern recognition and ratios and probabilities, folks. That's all it is. I wish I knew which patterns were going to work more than others, but I don't really know. But that's the way the game is played. It's all about risk control. How much are you going to risk? It's just like that slot machine. If you look at it, it says, I've taken in $1.2 million more than I've given out, nor did it ever say, that's absolutely true. Al just sent me something quite funny. Anyway, but it's a slot machine, doesn't say on the front of it that you have no chance of beating me long term. It doesn't tell you that. So, but the thing is, you can put $20 in and take your choice, but it's entertainment. Don't put $200 in. Folks, about 15 years ago, they had credit card machines over in Las Vegas. That lasted about six months and it was a financial disaster for the city. Ooh, really bad juju, bad karma. 877-927-6648, we'll be right back. 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. 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For more information, just click the Think or Swim banner on the front page of tfn.com. Okay, folks, I wanted to bring to your attention the one right here you'll be able to see. This is the utilities index that we just posted. You'll notice that 1.618 level that we marked up there at 813. That was the exact high three days ago and now we're starting to back off and we're just going to be telling us whether we're going to be going lower but right now it certainly has. There should be some support coming in at around 780 in utilities but it's really about the bonds here because the bonds are getting ready to make this 153.24. That's mother-garden country, folks. You can't ask for a better payment than that so pay very, very close attention to that. I'll post that bond chart one more time because it's worth the whole price of admission here. Remember on the long-term basis, this is actually, okay, hold on just a second here. There we go. You'll see that's everything you can ask for. It's the objective of the head and shoulders pattern. It's a three drive to a top. It's a 1.618 expansion. It's a 78% retracement of the whole thing so that's why it's so important. So watch those bonds. The German bond has already made the objective so we're the one that's lagging here or now above 153, we're about 20 pips away. Any more weakness in the stock market would probably be a flight to quality or whatever they call that stuff. Whether you're going to use zero interest rates or negative interest rates, whatever remains to be seen, who knows? Remember it's all about probability folks. It's not about certainty. It never will be, it never shall be, and it shouldn't ever be. So pay close attention because whatever it will be shall be and if it is, it will be. And if it cannot be, it shall be. So that's the way it reads here from Caddyshack. One of my favorite movies. Anyway, let's pay a few bills today and do something nice for somebody and most importantly, live every day in an attitude of gratitude and may God bless.