 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 727-873-7618. Now, Larry Pezzavento. Okay, looking good. Billy Ray feeling good, Lewis. We're going to start out the day like we usually do. Looking at the German Dax. As you can see, it had that three drive to a top pattern. As you can see in the yellow triangles, we backed off a little bit. Very quiet, very normally. And of course with the Fed Chairman speaking, we've had a nice big run and a few things here early this morning. Very emotional, which is the kind we like to see. And the next one we want to take a look at here is the footsie. Oh, just a minute here. That must be Mr. Powell's having trouble talking. So he's got a... Oh boy, just my grandson. I'm doing the radio show now. I'll get back to you later. Who loves you? Okay. Anyway, we'll get... Anyway, you'll see the footsie completed. The big A, B, C, D on the four-hour chart started down a little bit. We'll wait and see how that transpires tomorrow. But we do want to look at the German Bund here, folks. Let me turn off his telephone so nobody bothers me anymore. That's my... I don't think there's any problems over there, but you never know. Okay, let's move over here and take a look at the German Bund because I had a really nice level of A, B, C, D pattern here completing right when the bonds were right...kissed 153 and change in the bonds. That's when we were making this A, B, C, D at the 61% retracement on the German Bund. And then Mr....what's his name? Powell opened his mouth and by the bing, by the boom, it's rallied up to the little above the 38% level. And that's all it's doing right now. So that's pretty much what we are watching. So let's keep an eye on... keep an eye on these bonds because they're going to be very, very interesting here. This is going to be the real test today, folks, because if they don't fall from here, then there's a real chance that these things could go a great deal higher. Let me just give you my opinion of this. I'm just going to show you the 10-year note right now. Remember, this is a very emotional move because we moved about three-quarters of point in the 10-year, which is quite a bit. You'll notice that we did get up to the 382 level. I don't know where we're trading right now, but that came in at 127.15. Last I saw was 127.14, but that is a 382 retracement. We did the same thing in the Treasury bonds. They got up to 155.08 or something like that. So that's going to be very, very interesting. Gold had one heck of a nice rally, too, up into this 14 level. So it's going to be a really interesting rock and roll day. So that's a fun thing when we have these really jumping around things. I want to thank everybody for the comments that I got about Norm's show yesterday about his Uncle Abe. Gee, it's really exciting to see someone that did so much for aeronautics. My goodness, we probably wouldn't be on the moon if it wasn't for him. So it was not that we are on the moon, but anyway, it was very interesting to listen to the history of it. My mom actually worked in that furniture store that was owned by his family there in Terholt when she was just a young girl. Okay, let's move on here to the next one I wanted to talk about. Let's going to change the subject here a little bit, folks, because Mr. Z is going to come on at the next segment, but he's got a really interesting trade set up, something that we don't really trade very often. Let's put that in. This will be the first time in 45 years. I'll wait more than that. See, 72 and 57 years. 47 years. It's the last time I traded cotton. Let's get this up here and take a look at it. But I might be doing this trade. Let me show you why. Here's December cotton. You can see this pattern there where the bottom is in at 9.09 on Tuesday night, and this is Christmas cotton, December cotton. I think we're trading around 63.70 right now. So you're going to be able to be a cotton farmer for less than 500 bucks, folks. There's some other charts here that we're going to share when Mr. Z comes on to take a look at it, but it's got a really interesting pattern here, just looking at it from a standpoint of a real simple... Where is it, Larry? Hello? No, that's not it. Shut the front door. Here it is right here. Got it right here. There it is. Okay, here it is. I want to get this up to you so you can take a quick look at it. It's all numbers, folks. It's all it is. Don't know nothing about the bow evil. I don't know that stuff. Anyway, you'll notice here this is a daily cotton. We dropped it quite a bit yesterday, two and a half cents. We stopped right at the 1.618 expansion at $63.63 a pound. So that's going to be really interesting. And when we look at the really long-term picture in cotton on the really, really long-term picture, we'll get this up here so you folks can take a look at it to see where we are, because we are at some really serious areas here that you'll be able to see. Now, remember, this is the rollover cotton. So it comes in to right around that 60... See it's seeing a 64 there? It could easily be 63, because I marked it from the 2016, and Mr. Z went back a little bit farther. So we're right at that 78% level and right at that three drive pattern and right at the 1.618. Don't know if it's going to work or not, folks, but it's spot on right what you want to be looking at. If you remember on Monday, we brought to your attention a trade that we were doing that did almost exactly the same thing. You're going to see the exact same pattern. I know it sounds like a broken record, but if you get the British pound up here right now, this British pound is made almost $600 in a little more than that in just two days here. So you can see what your risk was there. Your risk is so small, and that's what you're looking for, to try to keep the risk just as small as possible. So that's it. Someone's asked me why I don't trade cotton. Same reason for cocoa, and I never did trade orange juice, but it was 1973 and I was in cotton. I think I had five contracts on. I'm going to post Bitcoin in just a second. I think I had five contracts of cotton on and it was limit up and I was long, and I told the broker to sell it at the market, and he sold it at the market, and about 10 minutes later, the fill come back on the Squawk box saying that I've been filled limit down. And I was very upset and my broker at the time, Jack Fletcher, he says, what should we do? And Roy Fassel yelled from his office, he said, take the trade. And I believed anything Roy told me, and so I did, and cotton didn't trade for several days, but from limit up to limit down was over $10,000 from where I thought I was going to get in and where I thought I was going to get out. So after that, I didn't trade cotton or cocoa. I did trade sugar once in a while, but not cotton or cocoa. But it's a lot different now, folks, because we have electronic trading and it's just a totally different ballgame. So when we get back from the rake, which will be coming soon, we're going to talk to Mr. Z about that, get his two cents worth, because his two cents is worth a lot more than two cents as we well know here. So we'll cover that cotton market, and I don't know if they have an ETF for cotton. They got an ETF for everything else. I guess they got one for cotton, but we'll keep an eye on it. It's going to be a very low-risk trade, 877-927-6648. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. 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Sign up today. TFNN has launched our brand-new website. You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved home page with the Taz Profile Scanner. You'll find the Taz Profile Scanner at the front page of TFNN.com. Sign up now for only $197 a month with a risk-free 30-day trial and you'll find the Taz Profile Scanner under the Services section. Sign up now for only $197 a month with a risk-free 30-day trial and you'll find the Taz Profile Scanner under the Services section. You'll see a new and improved home page with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. 7-6-1-8. Okay, folks, we're back online here at TFNN and we've got Mr. Z from the Dan. John, how are you doing this morning? Larry, I have an early Christmas present for you here. I'm looking at it. I got my hand on the mouse. Just using your work, I'll share this with your listening audience. Larry, I was introduced to you back in 2005 when you began working with Tommy O'Brien in TFNN. And then I recall taking a webinar of yours in, I think it was 2008 or so, where you went through the fundamentals that you have contained in the variety of books that you've authored over the years. But one thing I had never seen used was the utility Fibonacci 7-8-6 ratio on retracement. Likewise, the Fibonacci 1-272 expansion multiple. So you introduced those. And I began using those. And over this near time span, having learned that from, if I look at enough different markets, I see market price go to, so market could go to those levels and not stop, could continue to decline or extend or what have you. But what I have found as a trader over the years is to use technical tools and your Fibonacci retracement expansion and pattern work is a subset of within a category of my tools. Identify those price levels and those patterns. And then if price starts marching into those, then watch things like a hawk and be prepared to act to put on a position. Application of that concept appeared today and I took action last night, Tuesday, with a buy of these cotton futures, risking very little. But out of the blue, occurred in December cotton futures Monday and Tuesday. Now, mind you, cotton has been in a bare market since the top up in the 90s set back in 2018. The decline phase was priced to anybody. For some reason, for reasons I just don't know, sellers came out of the woodwork and buyers stepped aside Monday and Tuesday and price fell down to a low of 63.10. Well, I went and I did the Tuesday morning Fibri retracement marks and found voila on the continuous, excuse me, on the nearby futures contract for board of trade cotton, 63.30 was the exact Fib 786. And the low yesterday, Tuesday, was 63.10. So there's an application of price going to a calculated number, a number calculated given your tools of itself always causes me to take action and look at things so I put on a trade. But I can see a fundamental reason why a bottom could be forming here. So the combination thereof tells me to take a shot, but I just have to marvel Larry, applying your tools in real time to market movements. If you look at enough different things, it just is, well, for me, and I've been at this a while, it just is a continual amazement how market price can go to some of the tools you use, stop and turn and reverse, go the other way. So I saw that, of course, I emailed that to you very early this morning, knowing you probably already saw the same damn thing, so there we are, and so I just have to tell you, thanks for teaching me those tools back in 2008. That's terrific. Well, John, there's two things that I'd like to add. First of all, I wasn't aware of the cotton because I haven't traded in a long time and I certainly like to see it, but when you refer to them as my tools, those tools actually were given me by Bryce Gilmore. I understood 1.27. I found that myself in 1987 when I was speaking in Switzerland. I got stopped out of three different things and right at the high-tick, and when I went back to Look and figured out how much I was risking, it came out to 1.27. I had no idea that that was a square root of 1.618. It wasn't until I met Bryce Gilmore in the following year that he explained to me how 786 and 1.27 and 1.618 and 618, how they all fit together and how they bounced to the rhythm of the market. As you mentioned, you see these numbers all the time and so they don't work all the time, of course, but John, nothing else does either. It can be very helpful, especially at times like this when the whole world is bearish cotton. It might not work, but this is about as low as risk as you can get buying cotton down here in the area of 63 cents a pound. I'm glad you brought this to our attention because it shows two things. One is you don't have to worry about any fundamentals. Look at the chart and maybe it works, maybe it doesn't, but this particular trade is no different than the British pound trade that we happen to be in right now and the Treasury bond trade that we happen to be in now. They're just patterns that sometimes they work, sometimes they don't. That's all you can say. I think it's a good idea to look at. John, since I've got you on the line here, we're having a little bit of a pullback here in the Christmas corn. The 61% retracement down at $4.30 a bushel in the corn. What's your feeling on corn down here? I'll share three things with you. One, there's a USDA report that comes up Thursday. And with corn right in the middle of a larger range, the highs were 470 and I think 459. The very obvious low is down there at 420. We're right in the middle of that and we've got this report. So the point number one is, I frankly don't want anything to do with this when we're right in the middle of a range with a report coming out where anything can happen. You documented Larry very well on the show. Goodness, I think it was Monday, July 1st. That was following a Friday, June 28th USDA acreage report and you documented how that these corn futures gyrated like nobody's business on that Friday in reaction to the report. So point number one, we're middle of a range. I don't want anything to do with this because I have no idea how the market price will go. 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And as you can see here, after we hit that level, we had a really nice trading situation yesterday where we rallied up all the way up to the 61% retracement. $29.86. We come down to the 61% retracement, $29.72. And then today, by the bing, by the boom, we go up to the ABCD-Gartley pattern up there at $29.96. 78%, 1.618 expansion. There's your ballgame right there. You get above 30. The price of 30, you're going to be looking at 30.10 today, possibly. So it's going to be a really interesting day. Now, during the time yesterday, the market that was moving the fastest, the leader of the pack, was the NASDAQ. And I wanted to bring this to your attention because this is the toughest to trade, folks. It has the highest margin of any of the stock indices, but you'll notice here that we actually made a new high by one point from where we were on to the July 4th. We made the ABCD to the downside, $77.45. And then we rallied $400 handles up to $79.10 or $11. And that's a new high based on that, given the talk of Mr. Powell today. It rallied just about 70 handles, folks. The NASDAQ has really periods where there's vacuums in there, folks. It's $25 a point. And the thing is that it really... Gosh, it's $20 a point, isn't it? Yes, $20 a point. But the margin on it is more than the S&P. The S&P margins around $6,000 and the NASDAQ is around $7,000. And that gives some idea of the liquidity. Not only that, but it's the least liquid... Well, no, the Dow Jones is the least liquid. The best one to trade is the S&P 500. Second is the Russell. Third is the NASDAQ. And fourth is the Dow Jones. And Dow Jones is worth $5 a point as is the Russell. So those are just some of the things that you think about when you're learning to do commodities. Hold on, folks. They're giving me a little beeper here to tell me, oh, wheat's making a new low today. We've got that report coming out and the stuff with the... What do you call it? USDA will affect this a little bit, but we'll see what happens with a few of these other things. So give me one second here. The first hour of the trading is the busiest time of the day from here. Oh, we've got Beverly on the line. And I'm sure she wants to talk to us about her friend Ross Perot. Beverly, are you there? I sure am, Larry. And I find it just too weird that you and I talked on your show about Ross Perot and three days later, the guy dies. Yeah, we had a half a dozen people in the room talking about it yesterday, wondering where you were. And I said, well, she'll be here soon. So it was very, very, very strange. In fact, that's the second time this happened here to me in the past several months. And I had a little buddy and I turned around and they were gone. So you just never know. He was a certainly a fine man. I met him one time, 1965, but I never did forget him. What most people don't know, I was his press secretary here in New Jersey. And we had masses of international press come to our office. And that was because the New York office was at the Capitol in Albany. And so we were just over the river from them. Our office was in Edison, Wisconsin. We were right on the train line. But we had the French, the Greece, not the Chinese, Australian, England, France, Germany. They all came to our office to get live interviews. And when we had the big rally at Flemington here, there must have been 100 different TV cameras up there because they were coming from all over the world. And what people have to understand is this was revolutionary in our country that we had a third party candidate that actually was ahead at one time. And so they were interviewing me and I actually had friends flying back from Australia and they had the TV on and the airport and there I was. You know the thing I remember the most about him was the fact when he was giving his speeches he said, remember this giant sucking sound coming out of Mexico taking all of our jobs? I mean that was 25 years before it really started. And he saw it happening. He was sort of clairvoyant. And he also said, NAFTA, do we have to? And he could see it coming. He lived in Texas. He knew how easy it was. As he said, there's no environmental rules down there. You don't have to pay overtime. They pay a dollar an hour. They don't have to worry about the environment. They have no pension system down there. So why wouldn't all these companies move down there with no tariffs? And the same thing is going on with China. They come in our country with a tariff of about 2% and they have tariffs as high as 100% on our merchandise over there. Well, you know, Beverly on my last trip to China in 2007 I was a guest of the mayor of one of the cities and he took me around to one of the big manufacturing places where they were manufacturing clothes. And there was a line around the building people waiting to work. In other words, they worked 16-hour shifts and then they sleep in their little cots and worked again. But you talk about working conditions and stuff. Boy, I'll tell you, it was really something to see how some of those people struggle over there even though it's a booming economy. But what we hear and what we see are a lot of times a lot different. That's for sure. Well, I remember the story about Foxconn over there. They had to put up suicide nets because people were jumping off the 6th floor to kill themselves. Yeah, I heard that story, too. Lots of pressure. Well, that's all changing now. Trump was Perot. The only thing he's not really that concerned about is the national debt and I can't figure that one out. But he said jobs are moving overseas. We have to set up tariffs. We've got to bring these jobs back so our people can have a middle-class lifestyle. I think it's all starting to happen now because these jobs are coming back now. Well, we'll see. He might have to do the last part of his administration to figure out what they're talking about. But who knows? You know, I don't want to get into politics because when I listen to those people when they had their debates, my God, I thought I was in either Russia or Venezuela. I mean, I was shocked. They want to give everything away. How are we going to pay for that? Well, we'll pay for it somehow. Not only that, they want to give free healthcare to a legal alien. I don't want to get into my mouth about politics. So I better change the subject. Hey, Beverly, thank you for calling in. I really appreciate it. I was thinking about you all day yesterday. He was just visiting one of your friends. Yes, my friend is going to go to the services. And it's not easy for him to do that, but it'll be fine. I'd like to know when these services are here. I've never read anything or heard of anything when Pearl's funeral is going to be. I'm almost sure he's heading to Texas. So that must be where it's going to be. So that's all I know. Yeah, he was in the Virgin Islands, I guess, when he passed. Okay, well, thanks a lot, Larry. Yeah, we lose him and Lee Iacoco within three days. Isn't that something? Both giants in their industry. Yeah, Iacoco is really cool too. Hey, thanks for calling in, Beverly. I really appreciate it. Okay, bye-bye. 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. Which would 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. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. As of April 1st of this year, the Gold Report currently has 8 active positions with an average unrealized profit of almost 8% for each open trade. New subscribers get a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your Gold Report subscription today, visit the front page of TFNN.com. Don't let Gold's next big run pass you by. Sign up today! Investment objective, risks, charges, and expenses before investing. A fund's prospectus and summary prospectus contain this and other information about direction shares. To obtain a fund's prospectus and summary prospectus, call 866-476-7523 or visit Direction Investments.com. A fund's prospectus and summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, four-side fund services, LLC. The Bull Bear, binary option hour. Next on TFNN. Okay, folks, we're back and we are going to take a quick look at these Treasury notes again. Folks, this is really important what's happening to Treasury notes today. Hey, this is technical stuff, so you don't have to listen to it if you don't want to, but here's my two cents worth. This is the September Treasury notes. You can see the butterfly pattern that we made up here on July 4th, 2814. We dropped a handle and a half down to 12628. We rallied about three-quarters of a point today, right up to the 382 retracement of that high. We're now starting to move lower already. The Treasury bonds have already given up 20 ticks from the high. This is not good action, and if we start, if we happen to close lower today in notes and bonds, put a safety net below it, folks, because it could really go down quite a bit. We don't know if that's going to happen yet, but we'll wait and see. We have a lot of emotionalism in the first half hour here. People are listening to what our esteemed chairman of the Federal Reserve is talking about, and they're jumping in and buying, and usually that first half hour to hour, known as amateur hour, is very important. We hit that magical level of 300 in the S&P, went slightly below it right now, just made a new high. I don't think it means anything, because that's all emotional is what it is. Like Mr. Z, I watched for that expansion of the 1.27 numbers, and that's what I would be looking at, so we'll have to wait and see. That's it. Hold on here. I don't know what that means, David. You're going to have to be a little bit more specific to the old cowboy, because I don't understand that message. But anyway, David White posts some really great quotes in here every day, folks. His quotes are worth the price of the den, but you get a giant bonus because of the... you get all the stuff that he posts, plus you get Mr. Z's post, you get Maria's quotes, and some of the others, Ruby's been on coffee like a cheap suit. It's had an incredible move, and so there's really good things happening in the Tiger Den. Nice people doing a lot of hard work and showing a lot of different ways of doing things through David and Steve Rhodes and Tommy O'Brien, and of course the master of them all, Basil Chapman. So let's keep an eye on some of these things because we are at critical times. The old Chinese curse, may you live in interesting times, is for sure. I wanted to spend just a second here on the long-term weekly chart here of the... Oh, I'll do the Bitcoin for you right now. I posted the chart. I didn't cover the Bitcoin. Let me get it up here right now. This is a blow-up of what we're doing here over the last month. Let's get it up here. We'll take a look at it. You'll see we're up at a Gartley right now. We're right up at around $13,000. Folks, look at this. This is a textbook Gartley pattern. It's got everything in it you could possibly ask for. You've got the ABCD structure from July the 2nd, coming in at D13,000. You've got a 78% level from X to A. That comes in at 13,000. You've got a 1.618 expansion of B to C. That comes in at 13,000. So you've got three numbers there. You walk up to the cash register and say, I'll take some, and if it goes a little bit higher, give the money back and leave the store. That's basically it. You don't have to risk very much there. It either works or it doesn't. That's neither here nor there. So keep a close eye on it. We'll also be watching this cotton trade, because I haven't traded it in a long time, but thanks to Ruby, I actually, and also Mr. Z. Mr. Z was on cotton coffee really closely too, and that had a huge move, folks. It went from $0.88 to $1.11 in a matter of two and a half weeks. I got a little bit of it, because I did it. I was actually, my hand was shaking when my hand reached the mouse and clicked on the icon for coffee, but I was just excited to even make anything in it. I didn't make anywhere near my two grand back that I lost in 1972, but still had a little bit of fun. But we'll be watching some of these a little more because electronic trading is here to stay. As long as these computers don't break down, we should be in pretty good instead. By the way, folks, tomorrow we have a special guest. We have Tim Boss will be on tomorrow. He's going to be giving us his ideas of commodities, and then we're going to have Norm Winsky on again on Friday because we've got this lunar eclipse and full moon coming in here on the 16th of July next Tuesday. So that'll be very interesting. So we've got two astrologers this week, Tim Boss tomorrow, and also Tim Boss will be on the Tom O'Brien show in the afternoon too. I'm on double because a lot of the folks on Tom O'Brien don't get a flavor of astrology, and we ought to do that, you know, something to see whether that means anything. Give me one second. I need to check and see where prices are. We're still we're making new highs now, 1301 in the S&P. We should get to 1304, not any higher than that. That's my two cents worth based on my two cent calculator. Another one to pay close attention to folks is the crude oil market. Very, very important here. We're looking at a major area in crude. We were above the 78% level now at 5940, but we're over some key timing things to look at in crude oil. I don't believe we're going to take out 6015 in the crude, but there's certainly a possibility of doing that. So this key time of the day between 930 and 10 is very, very important in all of these. That's, I don't know whether it means amateur hour or not, but it seems to be a lot of times you'll see turns at that time. So pay close attention to it, but we're moving pretty good now. We're almost at that 1304 that I was looking at. We're 130350, so let's see what happens here. NASDAQ is making new highs, so is the S&P. So Mr. Powell has put the game on, that's for sure. All right, let's take a quick look about that British pound folks. We had that really nice three drive to bottom down there at 2440. We're now trading at 12510. 12510, that's a, whatever you do, don't let that trade go to a loss. You know, we were buying it down there at 12445. So put your stop in, you've got a free trade, let it rip and see what happens to it. That's what I would be watching very, very closely here with this. So that's what I'm looking at in the British pound. The Euro's only moved 60 pips off the bottom. So far, all that is, is a DCB, you know, the dead cat bounce. Not nothing against the cats, but anyway, keep an eye on that too. That's another one. If we get above 11290 in the Euro, then there's a possibility that it's got game, but until that happens, you know, we'll have to wait and see. Regarding the gold, I still believe that we have a chance to get down to the 1380 level. We're 30 bucks away. We were only 15 bucks away a little while ago. Now we had a $15 rally in gold. So it may be a little more difficult to get down to that level, but I'm still under the impression that we could get to 1380 in the gold. We'll find that out in the next day or so, especially he's going to be talking for two days. So I'm sure they'll be giving us some really great trading opportunities from the things that he says, whether they mean anything or not. I don't really know, but nobody else does either. So we still believe that we got a shot at that gold at 1380. And I really like that one. I'll post that chart there because it's really a beauty. And we'll take a quick look at it here. I think I still, yeah, here we go. Let's just get it going right now. We're trading at 1411 right now, but I thought we're going to be able to do it today because we got down to 1392 or 1389 last night and it turned around. 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 as the number one market timer for gold as well. 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Get your 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 of the opening call today by visiting TFNN.com This segment is brought to you by Think or Swim. For more information just click the Think or Swim banner on the front page of TFNN.com All right folks we're back and we're going to look at this natural gas. As you can see the long term chart is very similar to the cotton chart making new lows with that three drive to a bottom pattern right at the 78% level. It started out quite nicely. We're looking at it at 225. We're now trading at 245. That's a $2,000 move. If we look at this where we are right now just give me a second and I will get it up here so that you folks can see it. Daily chart. We'll get it up here so you'll be able to see it. We made that low down there at 216. You see the pullback down to 225. That's where we thought would be the low risk buy. That's pretty much what Mr. Z is looking at in the Christmas cotton and you'll notice that we're completing that ABCD up here around the 249. Folks if we get above 255 258 this thing is going to take off. So we need to watch natural gas because it has a potential for something really big coming off of that 786 level and it might be something that would be a really long-term really long-term trade. Pay attention. We've got a lot of things happening today folks. New highs in the stock market. Bond markets giving up the ghost. It's already said I'm going lower. We'll find out if that's going to continue down or not. There's a lot of emotionalism in this first hour. I'm surprised if things change at the end of the day but you don't know. Sometimes they work. Sometimes they don't. That's the $64 question and we don't know the answer to that question but the good part is nobody else does either. We've gone above my key price of 1304 excuse me, 3004 in the E-mini S&P did we get much above it? Just a couple points so it's still relatively battle but watch these markets because they could really make folks and you don't want to stay in front of it if you're in the wrong side of these things. That's the main thing I'm watching folks is these treasury notes and treasury bonds are flat out bearish. That's all there is to it. They yelled and screamed at 382 that please sell me, please sell me, please sell me. We're down a whole handle almost in bonds already. That's not quite three quarters of a point so that's a big move. Live every day in an attitude of gratitude for what you've done.