 is a presentation of TFNN trade what you see with Larry Pezzavento all now toll-free at 1-877-927-6648 or internationally at 727-873-7618 now Larry Pezzavento okay folks I'm gonna do things a little differently on this show today Stan Harley will be our guest at the break talking to us about some cycle work that he's looking at but the main thing I wanted to do is I put this chart up which is the red line is my AI neural network it's a simple neural network I was introduced to it many years ago by Dennis Regan who passed away two years after I met him but during those two years Jim 20 men and Jimmy Elder worked with him very very what do you call it intensely to try to find something that was you know give us an idea what the markets were doing this was the type of thing that he would send out now this is when we had thermal faxes and what he did was he got in touch with Jim Steve Shapiro some somehow and Steve came he lived at the down at the beach I lived up on the top of the hill there in Pismo and he would come up just about every day he brought this fax and he said look this is what the market supposed to do today it was a pretty much like that just like this and and it worked and so I had a phone number there I called Dennis and that's about two hours after the trade was going on and this is when we were trading big handles in other words one point in the S&P was worth 500 not 50 points like it is now I had four of them and on I made a couple thousand bucks I was pretty happy so I called him up may say that was a pretty good call I said thank you thanks for letting me know that and what and he said you stupid SOP he said you ain't got brains enough to be a trader don't even use the F word I don't even bother me and he hangs up and I said I need this like I need whatever you know 12 fingers on my right hand whatever it happened to be I said this I'm here I'm done with this a couple days go by and I got another fax this time it came to me instead of Steve and it was the same type of prediction this one is for the British pound it also worked pretty good but I didn't call back 20 mine and talk to 20 but and I talked about this and we'd work with people like this in the past very difficult okay so basically we've got Peter from Park City Utah on the line Pedro how are you doing my friend I am good Larry her you how's that how's that soybean crop up there in the mountains of Utah yeah it's Idaho you're in Idaho aren't you yeah you're in Idaho no you Park City Park Park City is usually that's right that's where the Olympics were snow on the ground it's crazy yeah that's I heard that when they melt oh my god nine hundred inches it out of this year nine hundred has it ever been that high before no no wow even in Park City's they're breaking six hundred a day so now these are all way all-time records wow boys that when that stuff melts the soybean it went up today tap the fifteen hundred and failed again pulled right back to the 382 yes the next try up do you think it breaks it yes sir I think I'm very bullish the grains Peter I'm just waiting to buy them again they've been pretty good to me I missed a little piece of the sun of the action we've got that last piece so today's low is important because it like you mentioned it was a 382 and I think it's got a real chance now I might have to buy a breakout and I'm doing some work on buying breakouts what I've got to be able to do though is I've got to communicate it to the people to look if this breakout doesn't work this is what you have to do in other words most people don't like to do the work Peter so I'm gonna have to do it form and say look this is what's gonna happen if it doesn't happen this way it's wrong get out of dodge but right you wouldn't believe how many people don't get out of dodge they keep breaking no I'm thinking the same thing I'm like okay yeah I missed the 1480 I'm like all right yeah and usually usually leave such thing over you know they're truly no flat tops I mean if it's gonna go it's gonna go yeah sometimes takes two or three shots at it yeah now we've got for sure you up there and this will be the third if we go up there again I'm like hmm well that's what I'm waiting for tomorrow the next day we're being you know we've got Wednesday Thursday coming in hopefully by Friday we'll have a pretty good idea but that was a perfect a fact I've got it here I'll bring it up here it was a perfect ABCD last night said ah I can't sell this I can't sell anything so I I was watching it it was about when I got up about 3 30 this morning it just made that perfect ABCD right up there and it came right down to the 382 and I actually bought it there Peter just for a day trade and I got out of it just a little while ago but that's what I'm watching I think if we can do that then you know we'll be in good shape I got another one for you since I got you on the horn the Euro yes it teased me and I got out of it too quick this morning I had had to deal with the kids so I took took my couple tick profit and just like it well and then of course it rolled within the next you know 15 20 minutes but I was curious what your thoughts are you know the Euro do we correct from here pretty good I think I think significantly I'll post a chart here this is the long-term chart it's as perfect as can be and it's went right up to the 61% retracement it's backed off has it like you say it only moved out about four or five hundred dollars but you know it hasn't busted out to the upside if it gets above that one 1050 level then you know you can't stand in front of it right now this is a very very significant top in my opinion and the fact that it was it was able to break 240 points off of that spot and all we've been able to do so far is rally back to 3a2 so exactly that's what I that's exactly what I did I shorted it was it in the future is it 10 10 and like 11 something like that one time right now so that's I think in the right show and we get above 111 and you know get out of dodge as they say and let it go by itself because right now it's acting okay so we'll we'll see if it's going to continue doing that but that's what the start the charge look like so far no great now it's kind of what I'm thinking but hold my breath at the moment but I like to do one day I mean I'm only going to do like three hours which is a walk in the park but I've got some friends coming in just to court they like the gamble so I think they're coming into gamble and then we're going to go out to dinner so I get to see friends I haven't seen in a while which is fun and money show people treat treat me pretty good so I'll be all right one of these days I'm going to come up to see up there in Park City and likewise I'm going to make it either to center Vegas you're always will always welcome down here Peter for sure okay now all right sounds good Larry thank you so much for calling in folks okay folks we're going to be looking at here in the next moment or two we've got to take a little break here but I wanted to mention about the soybeans one more time because let me get that up here to bring that chart up because you know what I'm going to do here we got a break coming up here real quickly so I'm going to take a few seconds if you have any questions it's 877-927-6648 and I'll be happy to answer them for you I stand Harley will be our guest at the half hour break and which will be a lot of fun and I'm hoping we're going to have Mike Moore as our guest here on when we're going to have that well very soon here okay ah good currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30-year t-bonds as they both influence forex markets tremendously when you sign up for the tiger forex report you also gain instant access to teddy 60 minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today visit the front page of tfnn.com tfnn educating investors tfnn has just launched their new trading room the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the tiger's den available to all tigers and tiger's for just one dollar for the year there's no cash or added costs when you join our community of traders in the tiger's den you can look over the shoulders of Tom O'Brien and the other tfnn hosts while they analyze charts during their live tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers is as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the tigers den at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com are you looking for a way to consistently add winning trades to your portfolio Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors at 1-877-927-6648 internationally at 727-873-7618 okay we're back folks and I do believe with a little bit of luck and some prayers we have Tim boss financial cycles weekly on the horn in the house is that true Tim on the phone I did with a man said tried the toll-free number and it worked it's amazing shut the front door and raise their end Tim before we talk about this solar eclipse that we have coming up could you mind telling the folks because everybody's been asking about how you're doing and what you went through I mean it was you we almost lost you a couple times didn't we oh well yes but I'm still kicking here that's a good thing no I contracted a rare disease called gillian beret syndrome and I actually had that 21 years ago it's a neurological disease disease that paralyzes you from head to toe and they told me 21 years ago that I could I was lucky to have survived and would not have to deal with it again but low and behold managed to get it a second time and been out of commission for a few months because of that right now I'm recovering slowly and I'm working with some physical therapists and getting my body back getting some some basic motion down and my head is still working my brain is spitting out all kinds of weird stuff so glad we can get some kind of connection made here today but that's really good and anytime you're ready to get back to your full-time status here of every two weeks we were sure loved to have you we've got something really big really big right now with this eclipse isn't it something special we've got a really unusual week ahead of us here or in the middle of it right now and coming up after tomorrow on Thursday we do have a solar eclipse and then on Friday the following day the 21st we have mercury going retrograde so that'll be an effect through the middle of May but the combination of these two intensifies things incredibly here the solar eclipse itself will not be visible in the US if you're in Indonesia or Western Australia you might be able to get a glimpse of it there but it's a very very powerful phenomenon nevertheless and we're expecting some interesting market results I tell you what I did was put together a little cheat sheet and if you want to jot this down you can get a free copy of it I'm sorry I don't have a slide to share with you with the address but it is if you go online to bit.ly bit.ly slash s e c s two three four and that's all caps there the second half of it s e c s for solar eclipse cheat sheet and that's two three four after that all one word so bit.ly slash s e c s two three four that'll give you a link to download our PDF file absolutely free which is kind of a quick cheat sheet so some of the facts you need to know about the solar eclipse and how you might want to work with it and your your trading as well so glad to share that but we have a question for one of our listeners and that is on an eclipse like this you know it's due to be coming in Thursday like most things as astrological they have an orb usually a day or two on either side does this have the same type of sequence actually it has even more important sequence so we get solar eclipses like this and the effects are all very often far beyond the date of the eclipse itself we do want to pay attention to this we do expect to see a market reaction kicking in especially with the combination with market retrograde so we're looking for some price consolidation kicking in toward the end of the week here with that eclipse point that will occur at 29 degrees of aries and that's going to remain sensitive in the zodiac so as things line up with that even during the next couple of months here we can see activations of that eclipse point and it will still play out in the markets so it's a little bit more complicated than meets the eye but we certainly want to pay attention right around the date of the eclipse a couple of days before a couple of days after and then it can pop up and impact things at various intervals even after that wow this is great listen the main thing is Bubba we want you to get better okay because you've helped a lot of people and boy they really were concerned about you you know well many people many people the people that contacted me and and we had a go fund me campaign still got the hospital bills coming in but yeah we you know there's a lot to deal with at lots of levels there and the big challenge for me of course was I was paralyzed unable to communicate I couldn't manage computer keyboard or anything else but went on so little by little I'm getting back to normal or whatever the heck that looks like well we'll see but we'll plan for some regular time together here I think within another week or so we can take a look at that I certainly hope so a lot of people gave me some several thousands of dollars to give to you but unfortunately the horse that I bet on in the fifth race at aqueduct didn't come in so maybe so give me some more maybe the next race to the year to walk out for that one all right buddy listen thank you and we're going to have you when you're ready just give me the jingle okay because we love that get something on the calendar here real soon so thanks everybody for your good wishes your prayers and it really meant a lot and it takes all all the minds working together to make this stuff happen so I'm very very grateful for the big outpouring that that came about through that and and again be sure to connect with that cheat sheet that's a bit about ly slash s e c s solar eclipse cheat sheet two three four and that will get you the link to download it thank you my friend listen you be safe and hopefully you'll see some sometime in 2023 we'll get down there and say hi to you uh we love that so it's been a long time since we've broken bread you know that's for sure it's always a lot of fun the bread is going to fail so come on down okay we'll talk soon my friend thanks everybody bye bye Simbo's financial cycles weekly folks we've got another break coming up here then we have stan harley i have to share with you something that just happened those of you that like 3a2 and we certainly do by the way folks we did get some nice donations for tim during this time and i was certainly happy to send that on but anyway this is the crude oil you notice here this little 3a2 well that was a 3a2 off the back here high that we made here seven days ago bang right on the money folks and it's already broken roughly six hundred dollars from that point so those like 3a2 and we certainly do you got to keep an eye on those because they don't lose often but when they do you're out of them in a hurry and if you stay in them in a while and they work they make some pretty serious money so let's keep our powder dry and wait and see how these things line up we're going to have the break here and in one minute and then from that time we're going to have stan harley back on the line but i wanted to share one other kent duncan story he ran kent duncan record kent done records in hollywood for many years and god he had so many golden platinum albums but we were in his office in hollywood one day and i was sitting at the desk with him and in walked mike mick jagger believe it or not is rolling stones and kent had a young girl working for him and i'll have to tell that story at another time which is probably good because i probably shouldn't for repeat it we'll be right back if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every monday morning i publish the gold report with coverage of gold silver bonds the xu hui gdx as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority in technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors are you looking for a way to consistently add winning trades your portfolio tom o'brien is here to help tom o'brien has been successfully trading markets for over 30 years a frequent contributor to tv america network and cnbc tom o'brien founded tfnn over 20 years ago to help educate investors just like you tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get tom o'brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com okay we're back folks and i believe we have stan harley on the line harley stock market letter is that correct we do indeed larry ah what a lucky day twice in one day this is what we call a lucky day anyway um do you have a chance to post those charts that we were talking about on this previous show absolutely let me show you what i am looking at right now okay here is a uh chart of the s and p 500 going back several years and this is just kind of a recap larry this uh this reflects what i found is the dominant intermediate cycle in the stock market it spans 34 weeks eight months at cycle it contracts and expands like all cycles but nominally over the long haul we tend to see important pivotal turns about every 34 weeks eight months if you uh if you take the the last occurrence in the pattern which was the low we saw on october 13th of last year you had 34 weeks eight months you get mid-june just two months from now okay so well before you get a low obviously you have to have a high so that's what we're stocking right now um this next chart is uh something i just printed off a few moments ago this is a recurring pattern uh related to the one i've shown with you in some of our past discussions this is a chart of the dow and each of these purple lines are separated by 40 trading days plus or minus a couple and uh like clockwork for the last several years um at 40 trading day intervals plus or minus a couple left or right we've seen important pivotal turns it could be a high it could be a low the next one is due ideally drum roll today so if if if if history is any guide that would suggest we're right in the heart of the envelope for the next 40-day cyclical turn and of course since we're going up that would suggest that we would be making a high right in here and uh the next one uh is due ideally in mid-june which is exactly where i'm looking for a low wow it's really good stay and have a question the fact that the vix index i saw in Bloomberg today made a uh reading that showing that the people have been less bearish than at any time in the last two years is that do you look at those types of things i do i i i do um the volatility index is a component in the options pricing model there are a number of them the most commonly used one of course is black souls and one of the components in that complex calculation is the implied volatility of the stock market um and so through an iterative process one can compute what the implied volatility is because we know what the price is we know the time of exploration we know the strike price so we do the calculations over and over hot and back and forth back and forth and so it's possible to derive the volatility component within black souls model that's what we call vix vix simply put that expresses the expectation among the investment community as to what we think the volatility in the stock market for the ensuing 12 months is likely to be generally speaking because the stock market uh not all markets but the stock market tends to make spike bottoms and rounded tops so volatility tends to spike uh at troughs in the stock market now the opposite of course is true volatility tends to reach a low point at market highs and uh it's lower now than it has been since uh january the fourth 2022 which is the date in which the s and p made its all-time high there's a they said that on bloomberg they were showing that a chart and i said looked really interesting so that's okay that's what i wanted to know i was not aware of that but that that's something that i track and shown in my own report but absolutely it's not a precise timing tool to the day but it does put us in zone for the expectation to expect some kind of pivotal reversal reversal now a little bit more backdrop on the vix typically spike highs and i say typically in italics uh i find don't tend to correspond with the exact low of the move they tend to be a momentum low then there's some kind of rally and then a lower price low that sees a lower low in vix but nevertheless um you know we have a pretty pretty decent auxiliary tool to help us in timing the stock market okay yeah that's certainly i like that 39 day cycle though gee that's a that's been around for some people have to use that in their timing don't they i mean that's you know well yet i have talked about this for not just years but decades yes i know it's been the dominant cycle in the stock market for a long time now at some point in that some point usually comes when stan harley comes on larry show and starts talking about it the cycle the cycle gods are up there and they're gonna make stan harley look foolish they're gonna pull the knobs turn the cranks i know this never happens to you but it does have to be never they're gonna make this thing stop working yeah i i've been there been there and done that too many times yeah that's for sure anyway you want to tell us a little bit about this right translation and left translation that you're looking at absolutely so we're watching for this thing to stop working today um but on to newer and better things let's talk about translation another favorite topping of mine we typically see right and trap left translation sometimes center translation simply put uh in within the context of any kind of a cycle and i'm showing the trading cycles here on the s&p index we tend to see the crest occur to the right of the midpoint in a rising market environment that's called right translation i've abbreviated that done the abbreviation there rt conversely in a declining environment the crest or the high point the high price tends to occur to the left of the midpoint that's called left translation characteristic of a declining market environment the s&p in the last trading cycle uh exhibited right translation by one trading day the other four components among what i call the big five the big five dow industrials dow transports the nasdaq comp the new york comp and the nasdaq i track all five of those and only one among the five made right translation and the prior trading cycle the other components either exhibited center or left that tells me we're on borrowed time here and this thing is running out of juice on the upside here it is to the present time and i'm theorizing we're going to see two more lows between now and mid june one in late may and the other one in mid june so if we were top out right in here um we would among the other indices uh and the s&p the weight of the evidence would be tipped again towards left translation if that were to occur interestingly the dow did not go higher today compared to two days ago but the s&p did go a little bit higher so there's some divergence can't make a lot of that for just two trading days but i look at little things like that yeah you do that's what that's what you're famous for and you're good at it well thank you um it's a work in progress for all of us um and you can never get enough data that's what i say i'm more data is better the more the better of course then you suffer from paralysis paralysis of analysis too so it's a great sort eventually got to make a decision yeah indeed okay we'll pick this up after you bet we'll be right back with stan harley folks sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks you need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from larry on market movement you need to act on at any time first-time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors are china a shares hot or not if you trade china a shares now may be time to take a closer look trade chAU or chAD directions daily csi 300 china a share bull and bear etfs china a shares in either direction visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz folks speaking with stan harley the harley stock market letter please continue young man absolutely larry here is a a chart of the scp 500 that i spoke to briefly about an hour ago when you and i run the year this is a chart that goes back to the middle of 2021 but the important takeaway from here that i found is counting forward from the all-time high in the s&p by the lucas number series which is something as you know i i i put a great deal of emphasis on has has coincided with uh with all of the all most of the pivotal terms we've seen since then uh in in terms of lucas numbers um the lucas numbers uh 18 29 76 123 199 322 and so i know them from memory because they use them all the time um uh take note of the uh april 21st high of last year that was approximately 76 trading days from the uh from the all-time high in the s&p two times 76 is 152 and that coincided with the august high of last year within two trading days 199 lucas uh was the low we saw in october within four trading days um fast forward to today if you add 322 which is the very next sequence in the lucas number series 322 in terms of trading days when added to the january fourth high equals april 18th today so the wow the uh the analysis would suggest that today plus or minus four trading days is very plausibly going to see a pivotal turn and because the market has been going up i would uh i would posture that it's going to be a market high and then from a high that is occurring sometime between now and the next zero to four trading days i think we'll head south into that mid-june time period for the next 34 week cycle bottom that i'm anticipating okay that makes pretty good sense now you had one other chart i think that was it larith okay all right just good folks uh there's some contact information on on me well i can say unequivocally that if you're wrong this time we once been a pleasure knowing you but you will not be invited back again nothing like the elixir pressure huh chief hey stan thanks for joining us buddy i i really do appreciate it and you know you have to take everything tongue-in-cheek which we've been doing for the last 40 some what five six decades for me four decades for you so keep the faith we'll have you on again really soon okay and thanks for doing the second show today is very very important absolutely larry my pleasure you bet stan harley folks to the harley stock market letter and we'll get on here to another chart here in just a moment that we'll be able to chat about hold on bear with me here's folks and we'll get another one up here to look at well the number that we were looking at back here the market is backed off only slightly from that prediction that i had made a little bit earlier uh but that my the pro the ai program uh made it and it was it hasn't made a higher high let's put it that way hasn't gone anywhere but that's pretty much it the main thing is that the s&p has spent only two points above the 382 retracement of this move today uh that was at 41 78 and a quarter and it's been up to 41 81 i believe so and it's a tiny bit below that right now so that's telling you the market is a tad weaker the nasdaq is also a little bit weaker and i'll certainly be changing checking with these bank stocks to see how they did tomorrow because i want to be able to to see what they're going to be doing now tomorrow's guest will be jeff huge of alpha insights and on friday we're going to have uh mike more of more analytics on so that'll be uh be really a lot of fun to do uh i have a couple of ideas for this fall i might be doing a two-day seminar here in tucson arizona with uh with hold on something the old cash registers can give me a break here to see what's ringing oh we're getting a little bit of weakness in this dog market shut the front door and raise the ramp color me happy boys and girls color me happy bring out the old oh it's breaking pretty good that's what we like to see if you're short anyway and i am and you know folks let me let me someone asked a question about that 382 in the s&p just give me one second and i'll i'll get it up here it actually went to the 50 percent so hold on one second and we will take a quick look at it it only takes a minute and it did go to the 50 percent i didn't realize that the last i didn't get to the 81 level but i didn't realize that was the 50 level and of course uh they don't always work but when they do and when they do it makes it look pretty good but anyway that's where we were and i think this is a pretty significant top in here uh for many many reasons and of course nan added some others with that 39 day cycle that vix index is uh at an all-time low level from two years ago so no year and a half ago so i think it's important that we paid really close attention to what's happening here you know with these uh but these markets we've got an hour to go and it's always a lot of fun as we go through these things i wanted to i wanted to mention i'm getting ready to go to las vegas and i have now i have i don't have any of the clothes that i had Drexel because i couldn't get in couldn't get into those clothes but i have to tell you the story when i first went to work with Drexel in august of 76 they sent me to new york for two weeks of training because i had to get past the um broker's exam which took about 20 minutes back in those days you put your name address and phone number if you got two out of three you got a license but a lot different now over the year i had six licenses but the first thing i did when i got to Drexel they put me up at the plaza hotel right at central park boy i wasn't used to that kind of opulence folks the very first day the secretary picked me up and took me to a haberdashery store in uh manhattan that handled hickey freeman suits they were like a thousand dollars apiece back in those days they bought me five suits different colors stripes 12 custom made shirts ties shoes and slacks and and three blazers i mean i don't know how much money they spent on me but and i and i said why did you spend this much money on me before i even made a dime and he says well we know you're going to do okay so i had all these clothes all those years they were meant to keep of course and i did but a lot of memories behind that folks i mean it was really exciting the very first night that i went to dinner uh in in with the guys from uh Drexel in new york we were eating at the La Paragoy and what does that mean i can't remember it's not yet La Paragoy is a french restaurant and as we went in the uh the very first table was Marge Everett who owned the uh new york Mets and the next table over was Jacqueline Onassis and Jacqueline and and Aristotle Onassis were there at their restaurant and i had my first taste of escargot and i eat them every time i mean i was a little country boy from indiana we used to eat those things with garlic and everybody thought we were crazy but when you go to new york there were ten dollars uh for just six of them but anyway guys say i've been so lucky boys and girls and you're you're part of my luck i mean i get to do this every single day and have a lot of fun and i thank you all for joining me and stuff i know some of you guys that's hey tomorrow's another day live every day in an attitude of gratitude and thank god bless if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try tomyo brian delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30 day money back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com tfnn educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the 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back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 7 newsletter today tfnn.com educating investors tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and tigeresses for just one dollar for the year there's no catch or anecd costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com catch tom will brian professional trader and educator founder of tfnn also a special guest on cnbc tom will bisect and dissect the markets the tom will brian show next on tfnn okay we're back folks and we have the stocks are still down on the day and we've got the uh currencies are up on the day that means the us dollars under retreat a little bit and then also we have the uh hold on one second i want to double check something and that is the fact that the uh what was the other one natural gas is still acting pretty strongly gold and silver are still strongly up on the day gold at 2016 and silver at uh 25 and change boy folks is one thing i would never do and that is i wouldn't sell silver up in here because there's just that chart looks like it did in 1978 when silver broke out of eight dollars an ounce on its way to 54 dollars an ounce and i wrote that puppy up a long way i was a very happy camper back and i'm happy all the time what are you talking about anyway that's pretty much it i've got a other stories about my days at Drexel that i'll share with you over the weeks and because i'm not going to do an uh an autobiography it's just too much effort and uh i will be able to tell some stories and stuff that uh that i can remember the good thing about what i do do is i try to tell the truth because my grandma said if you tell the truth at 10 you don't have to remember what she said it to so that's what i have it's my dr pepper uh well view of life so it's all the same thing at 10 that you do it too and you're going to be okay because what there's you just can't tell one lie folks one lie leads to two lies and uh sometimes you have to do it to keep people from being hurt but that's neither a story that i don't want to get into it okay how much time we have got to build time is really going fast yet we only got about a few seconds left tomorrow our guests will be jeff huge on friday our guests will be mike more of more analytics try to do something nice for your um friends and relatives if you can or strangers whatever it is because you can't take it with you folks be like bob hope make sure that your lacks check bounces so live every day in an attitude of gratitude and may god bless