 The following 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, looking good Billy Ray feeling good Louis sorry about the voice folks and nothing I can do about that I'm feeling great but sounding bad. Jeff Hughes will be our guest from Alpha Insights today Monday is Norm Winsky Tuesday will be an open day I believe and then Wednesday we're going to have Jim Bartolioni and he's got a great book out folks a picture book with really great stuff about metaphysical things and charts and then on believe it on Thursday or Friday we're supposed to have Joe DiNopoli and that's just the non-political version he'll just be talking about the markets or he'll be we'll head to little red button and make him ejected anyway we hope to have Joe on he's been a friend for 50 years and he certainly understands Fibonacci. Okay now I would like to mention to you folks I posted the chart here in the den just a little while ago when they opened the show showing the S&P this went out Sunday night and we were looking for the market to come down to the 46-34 level the low so far today has been 46-61 which was the 78% retracement but the market appears that it's weakening a little bit it might close badly that means we'd be looking for markets to rally sometime early in the week is what I would be expecting if in fact this pattern unfolds the way that it's gone so far that doesn't mean that it's going to do that but it just might do that so we'll be able to see it. I will like to mention folks I've been doing these charts for a very very long time and seldom have I seen so much bullish enthusiasm like I've seen for the Crudo complex folks it's every single channel that you want to watch on I mean whether it's CNBC or Bloomberg they're all talking about the reduced supplies the increased demand the war in Ukraine Russian cutbacks Saudi cutbacks I mean it's one bullish thing right after another and here I am looking at this pattern which is a perfect A, B, C, D three drive to a top pattern that is so symmetrical that you can't even believe it but you know when it got to 84.75 that was the 1.618 expansion on the daily basis now market's still strong today it's still strong in gasoline it's still strong in heating also might be one of those times where the pattern doesn't work because that happens a lot but we do look like we're getting ready to have a bottom sometime early in the week and Auto B is a nice little rally to get short folks because we've got a major top came in here just recently and you want to be ready to get on that horse and ride it we've been shorts and gold been really good to us we've been short stocks which has been good to us short the euro has been good to us and today we had a beautiful buy signal in wheat and so far that has held up but we'll have to wait and see so we'll have Jeff on here at the first break which will be in about seven minutes but I wanted to cover one other question that someone asking that was about the silver market long term folks I firmly believe that silver someday before I go to that big casino in the sky we'll hit a hundred dollars because once we close above 50 to 55 dollars an ounce and I think we will then that means there's nothing but green grass and blue sky above that let me tell you because there's just no resistance it's hit it three times in its lifetime between 50 and 55 and so that if we get above it the next time that could be the one that would really make it run and run and run but that is a long way away from where it is right now right now we're looking at a gold market that has a profit objective just under 1900 in the December gold we're trading right around 1946 today we had a nice sell signal another sell signal in it at 1951 today and then also we had one two days ago in 1962 and both of those made a nice uh 12 to 1500 dollar profit but they're swinging good and that's what you like to see in these really volatile markets you don't have to close your eyes you just look at the charts try to pick it out I when I watch these things every day folks it just totally amazes me why people don't see it is the way that I see it because I see it pretty clearly the trouble is sometimes that you might not think it's as clear as you might want it to be so we're going to be watching this here very closely here before the end of the day but we've got the gold trading in 1947 right now and the profit objective on that uh is at 1943 we got down to 44 just a little while ago so we've got to stop and break even on that and we're waiting to see what happens the market that's under great deal of pressure folks we're down three handles in two days in the treasury bonds and and the notes are doing the same thing they're just a flying will end it to the downside and that's where the real problem lies because interest rates are going to be going higher and I don't know if that means anything for what's happening in the stock market but usually when stocks have higher interest rates uh yeah okay Jacob I'll be happy to do that and uh we'll we'll see what we got going here if you have any questions don't send them in because Al just told me that the lines are backed up on the board so bad that he asked were sunglasses they're flashing so much so let's try not to send any more you know questions in today because Al has getting what we call light blindness in the radio parlance of communications I just made all that up but it sounded pretty good like most of the stuff I just make up but one thing I don't make up folks let's control your risk and abcd those were the words from Dr. David Paul when I first met him 10 years ago and uh I introduced him to Mark Douglas and they became friends and of course it was hard not to be a friend either one of those guys because those guys were a class act all the way okay let's move on here to one other question someone did ask and it's about trading penny stocks yes the patterns and ratios work on penny stocks I've seen it over and over again people have asked me questions penny stocks is anything under a dollar and so but they does it follows the same patterns just like anything else does so all you've got to do is to find what that pattern is and go with it that's that's all I do I mean I don't do anything I don't do anything fancy I'm a simple abcd guy I know one thing I know how to do that well and that's my edge and I'm sticking to it I can't tell you what's going to happen tomorrow but guess what boys and girls they're not one dude out there or do that they can so focus on what you got the risk and you're going to be all right that's the bottom line of what we're paying attention to here today at tfnn the uh my I've had terrible problems this whole week with the email it's all fixed now everything seems to be working nicely and I've got my fingers crossed and I'm knocking on wood and so we're going to find out if it's going to work over the weekend I'll get the newsletter out again on sunday just like I usually do but we've got some really active markets coming folks so be prepared for them because when we see some of these rallies coming they're going to just literally come out of absolute nowhere and you're going to be sitting there seeing shut the front door and raise the rent because they're going to be big and the same thing on the downside when those comes those are going to be big too so you can't have everything but you want to have something so be sure you take care of your losses your profits will take care of themselves because if you don't take care of your losses you're in big big trouble that's where I lost all my money folks by not taking care of the losses profits are going to be there with the losses you got to take care of your errors okay I mean the errors you know the mistakes you're making we're going to be right back with Jeff huge of alpha insights folks so stay tuned Tigers candlestick pattern analysis is a primary tool among successful traders and you should be no different candlestick patterns can demystify buy points sell points general price movement and so much more at 4 p.m on monday august 14th trader teddy kextat will be hosting a live hour long webinar on japanese candlestick patterns teddy the author of the tiger 4x report has been trading for 33 years and candlestick patterns have been instrumental to his success for just 97 dollars see how to use candlestick patterns to analyze stocks and options in order to capitalize on market swings increase your odds of success and decrease your risk during this live webinar you will learn when to use and when not to use japanese candlestick patterns in this volatile market dispel the myths about this strategy and see just how much the mastery of candlestick pattern recognition can impact your trading visit tfnn.com today tfnn educating investors steve road started his trading career as a student almost 20 years ago and the student has now become the master steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing it number two for the year an amazing accomplishment steve roads is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter steve's award-winning newsletter mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter mastering probability and you'll receive access to seven of steve's educational webinars absolutely free at tfnn all our newsletters come with a 30-day money back guarantee so you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors are you ready to take your trading to the next level introducing tom o'brien's award-winning newsletter market insights your key to successful active trading tom o'brien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30-day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of tom o'brien's award-winning newsletter market insights firsthand tfnn educating investors call now toll-free at 1-877-927-6648 internationally at 727-873-7618 okay we're back folks we've got none other than Mr. Jeff huge of alpha insights on the line today Jeff excuse my voice but i was not even going to do the show today but i knew i had you on the list and i was wanting to listen to you anyway so let's start off with the long rates poise for a long rally and boy the bonds are dropping like a rock so this looks like it started yeah it sure does larry and hey thanks a lot for having me on the show and i appreciate you coming in today and suffering through your laryngitis with respect to long rates we see a classic pattern base formation of the inverted head and shoulders variety resolving above the 420 level here and if in fact we can get above that level i think it could project a 10-year bond yields up to around five five and a half percent we've got a you know a target of 495 to be precise as our initial move to the upside here and a stretch target of 540 i don't think it would be you know outrageous to suggest that we could reach these levels sometime in the next 12 months wow that's truly amazing to see the rates could actually go to that level i mean i no one's even expecting that but they they've been there before but that was in the history books when i was a young whippersnapper let's take it well what's interesting larry is that it's um it's normal for the yield curve to have a positive slope and right now that slope is inverted and so just if the 10-year bond yield would get above that that five and a half level would be higher than t-bills and that would turn the the slope of the yield curve positive again i think most of the bulls expect the short rates to go down the feds told us that's not going to happen so i think the the the curve is going to un-invert basically and and we're going to get that positive slope again and it's going to happen by long yields going higher wow that's really truly made now what do you mean by the honeymoon is over on this next chart well you know we've had this long period here of of declining volatility over the last year or so and you know if i take a look at you know uh this this chart which you know it juxtaposes the skew index above the vix index both of these have to do with the options market the cboe skew index uh really kind of measures the difference between puts and calls and you know a normal distribution would be 100 okay so when the skew index is 100 that's normal when it's above that level that means they're buying more calls than they are puts basically that's just to kind of put it in very simple terms it's just the the skew of the volatility curve has changed and uh when we get up to that kind of level of around a hundred and forty five hundred and fifty percent that means it's completely out of whack and and you know they've actually called this the black swan indicator when we get up to that level you know the the odds of a black swan type of event uh jump from around two percent to around fifteen percent and we've been up there for some time and now it looks like the skew is reversing to the downside which suggests that we're starting to get some risk pricing into the market people are starting to buy puts again right and that suggests that you know real uh wise investors out there are starting to recognize some problems and uh one of those problems today is the fact that the uh nasdaq 100 index just broke its 50 day moving average and that was a level that the bulls had been hoping would hold and it hasn't if we look at the bottom of this chart it's the vix index and we see the vix was down below its 2021 lows it actually was really suppressed down there in the 13 percent range and that is reversed and and what we can say about both vix and skew is they've broken their trend lines respectively skew had a rising trend line that broke yesterday you know the vix had a descending trend line that broke a week and a half ago and it appears to me that these alligator jaws are poised to snap shut as skew goes back to normal around 100 and uh and the vix rises up to you know at least its prior highs in the mid 30 range from where we are today at around 15 and a half percent that's a pretty big move and that would suggest equity prices are going significantly lower wow i know i'd love these charts for you explain them so clearly i i want to really give you an accl accolades for doing this because i see a lot of charts from people but yours are just very very easy to understand from my side don't understand some of them but most of them are just really spot on on you know what i'm listening to as far as uh in the news and stuff but you're you're you're giving an indication that sometimes these guys that are doing the news have no idea what they're talking about and i i think that sure has a lot to do with it too let's take a quick look here at the next one and bear with me here for a second here because i'm doing the best i can with my voice here so what is the oh this i know what i've seen this one before this is the advisors are just really in love with stocks that's for sure they are you know this is uh investors intelligence which is a sure service set around for almost 50 years now and the guy who runs it bill gray uh he reads all these newsletters and uh he you know he basically takes this survey data and you know pulls it and puts together these uh these results and what we're looking at here is the black line is the four-week moving average of bullish advisors divided by both bullish and bearish advisors taking the sum of advisors that are expressing a view and they're looking at the bulls as a percentage of that and if we take a look at the green lines which are the green bars that's the s of the 500 going back you know a year and a half or so at the january all-time highs we were actually at around 71.8 percent in bulls as a percentage of bulls and bears today it's 75.4 we haven't even made a new high yet yet the bullishness amongst advisors has exceeded what it was at the all-time highs and just to put that in perspective when we were at the october lowers the bulls got down to around 40 percent so we've seen a dramatic increase in uh you know uh bullish advisors and when i say advisors these are the guys that are presenting their material in in research format whether it be a newsletter or wall street research or what have you uh they they take all of this together aggregated amongst hundreds and hundreds of advisors that are publishing and most of them are overwhelmingly bullish and more bullish than they were at the top oh great this next next chart absolutely blew me away jeff i haven't seen a chart of the value line in probably two years i didn't even know they still had that index yeah you know that's been around for many many moons oh i go back to 1960 i started looking at that in the 60s i remember that's for sure so please this this one that this incredibly varies compared to the s and b or the nasdaq chart well and what is it telling you let me let me point this out the value line geometric index is is the weighted average okay the geometric weighted average of 1700 stocks uh in the u.s those 1700 stocks account for over 90 percent of the revenues generated in in you know business today of all public companies right and so what we're looking at here is that we haven't even recovered above the February 2nd high yet uh in terms of the average stock and what's interesting about geometric is the typically when you look at an average stock price move it's it's the weighted average right this looks at the median price uh change every single day and so you know half are above a little bit more representative of uh what's going on in the market really published in the major averages okay we got to take a break here we'll be right back with jeff huge of alpha insides folks please stay the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the us futures market and the shanghai gold exchange the gold report tom o'brien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xAU hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to tom o'brien's gold report newsletter now at tfnn.com 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 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to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv came back folks with the jeff huge of alpha insights and we're going to talk about the elliot wave analysis could you continue please my friend sure so you know what we've done larry is we've put our primary degree elliot wave analysis for the s and p 500 up in front of you this looks back about the last 20 months to january of 2022 and you can see the all-time high on january 4th 2022 we mark that as a super cycle top and so we're looking for a very long drawn out decline that could carry the s and p down to substantially new lows and it's been a very confusing process from that high to where we are today and just so your viewers know we're at the exact same level we were two years ago on the second friday of august that was august 13th uh 2021 with the second friday in august years ago here we are we're at the exact same level today um so basically the market's done nothing for two years and um you know people are extremely overwhelmingly bullish as i pointed out before and you know one of the things that that's curious to me is that you know we had this this strange decline it happened in five waves but it wasn't the traditional impulse decline it was actually a leading expanding diagonal and i had to go through a number of textbooks and i finally found a chart in a textbook called the elliot wave principle written by uh uh uh robert prector and a j frost back in 1978 and it's a classic textbook that describes the elliot wave analysis protocol and there's this pattern that's basically unusual because wave four has the ability to go into the area of wave one it's the only elliot wave pattern that allows that and this leading expanding diagonal is exceedingly rare but we saw one trace out and there's been a couple other characteristics about this that have been interesting like you know the final fifth wave that ended in uh october of 2022 with a truncated fifth wave and the only time you really see that is when you get this strange unexpected news item which was the cpi report then uh that surprised everybody and so we ended up having a somewhat of a truncation to that that wave pattern and it made it difficult to really identify this for what it was until after we could really see the whole picture and it took us until really july 27th to see that the recovery off that october low traced out a standard zigzag which is exactly what you'd expect to follow a leading diagonal based on the textbook pattern the only thing that was unusual about it was the fact that wave b traced out a flat uh wave and that threw us for a bit of a loop because we thought for sure with the banking crisis things were going to careen lower but when the fed threw another log on the fire you know 400 or 500 billion dollars in liquidity it it perked the markets right back up again and we took off and what we've seen since is we've seen this kind of extended fifth wave and an extended fifth of a fifth and so those were two unusual characteristics that made it difficult for us to um you know identify the terminal point of this pattern it was very elusive but come july 27th we could see the end of all of that come together and the gap down that we saw that followed uh looks very very ominous to us it looks to us like we've begun uh the initial stages of a third wave decline at primary degree which we believe will carry the s and p 500 down to new bear market lows that will substantially uh exceed the october low to the downside jeff i have a question uh you do stocks i don't do stocks at all but the magnificent seven that they talk about i mean i i saw i saw numbers that it was like uh in the s and p 500 it was like it was like two thirds of the whole thing was just those seven stocks is is that well about a third yeah it's actually about 29 percent at their peak and uh that's actually shrunk a little bit because some of the big names like apple and microsoft are down 11 12 percent off their house well that's unusual given the fact that the news is so bullish about all that stuff i mean oh everybody that you talked to even in the poker tables they talk about artificial intelligence you know and if you ever play with some of these guys they certainly have artificial intelligence i can tell you that present company well you know present company included the other thing that's really interesting to me larry about this chart is there's a bunch of open chart gaps and as you probably know being a trader for almost 50 years now those gaps have a tendency to get filled and when i look down at uh you know we're kind of testing the lower boundary of a gap that gap support if it breaks uh we threw a level out there that we think is important at the specific level to the cash index of s and p 44 38 if we can close below that level that opens up a quick move down to the next gap level which is around 40 to 40 40 to 50 and if we break through that level we should go all the way down to 4000 to fill the next gap and that will take out all the trend lines including the 200-day moving average and also basically invalidate any bullish count that we could possibly come up with and set us into motion for this third wave decline which i think will be somewhat epic in terms of its proportions jeff regarding gaps the only gap that i think of is because you i'm a friend of peter leides for many years and peter used to keep these charts by hand on him and it was incredible it must have weighed 40 pounds because he had like 50 years in it but the only gap that we can find was on january of 1991 when desert storm happened on that wednesday night on that thursday morning you know everything you know gold was down 25 dollars uh crude oil had dropped 11 dollars a barrel from 42 to 30 and it was on its weight 11 dollars and market gapped up 2 percent that day in the dow jones and that's the only gap that i can ever remember that's never been filled and that was back in 91 january of 91 and the new moon of course but i don't you know i'm just giving the information that i've looked at before but that's the only one that i can see that has not been filled i mean some of these things it takes several years to fill but i can't find any unfilled gaps on just about anything yeah we we believe that all the unfilled gaps will be filled before this bear market's over and it might even include that one oh my goodness they're like a magnet for prices 91 you're talking 30 32 years ago you're going to go below what that could happen there's no question about it there's just when you see these things happen this way uh when they do start they don't have any prisoners to the downside we're going to come up here to a little bit a little bit of a break here but when we come back i want you to go over some of the things that you offer the folks uh with your monthly newsletter and some of the other services that you have because uh folks this guy's got a really good program here he's he's a first class guy he's uh and i'm not just saying as a person but the material that you show is very easy to understand and you've been pretty right along the way i mean this last month or so when that big up move came you uh stead you you stayed your ground and now it's showing that yep looks like this is what's actually happening so my hat's off to you because of that you said don't do any buying up in here and uh certainly saved a lot of people a lot of money because a lot of these stocks didn't go up i mean they're they were just rolling over so whether that means much or not we'll have to wait and see so we gotta pay a few bills here and when we get back i want to talk to you more about you know what you have to offer and uh some of the things that you do now how many people do you have on your staff jeff uh there's about four of us here okay great all right we're going to be right back with jeff huge of alpha insides folks eight seven seven nine two seven six six four eight 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 opening call newsletter by basal chapman in your inbox every day 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 tfnn.com educating investors are you ready to take your trading to the next level introducing tom obrien's award-winning newsletter market insights your key to successful active trading tom obrien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of tom obrien's award-winning newsletter market insights first hand tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear etfs visit direction investments dot com slash biotech 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 eight six six four seven six seven five two three 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 principal 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 ntsx under the symbol vgz folks were back with jeff huge of alpha insights and jeff tell the folks i've posted your picture of your newsletter with those cute little pictures where do you get those cartoons by the way well i borrow those from the folks at hejai there's a fellow by the name of bob rickster who does these cartoons he's he's quite brilliant actually they sure are they look really inb i'll tell you a funny story off the it was i was at drexel many many years ago back 78 i believe and charles schultz came in you know the cartoon for uh here yeah and he actually i i've got it right over here i can't reach you right now but he did me a thing with soybeans and corn he did it right there in my desk here and i still have it this is actual copy of it because i keep the original my kids have that but uh he was a really nice guy he did it about five minutes you know i said uh he says oh you think you know something about corn he says well now you're ready for the big market try soybeans so anyway that's uh that's what i was looking at at that time so anyway tell the folks more about your letter here jeff and how they can reach you sure well you know as as a matter of fact larry uh this is our two-year anniversary of publishing huge insights the big picture which is our monthly investment newsletter it's that we call it the big picture because we basically recover all of the top-down macro sort of inputs and and data points that are driving the economy and driving the stock market here in the u.s we also go into a geopolitical analysis as well and uh for our paid subscribers uh we give a very detailed market analysis and uh let me go through our positioning and recommendations and um you know so the first macro part is actually free and then if you want to get the the full in-depth analysis on the market and stock ideas and and trading advice and positioning upgrade to paid and we're actually running a promotion just because of this two-year anniversary celebration we've never done this before but we're giving 20 off on the first year uh so you can either subscribe by the month uh we normally charge $25 for that so you'd get it for $20 a month or you can buy an annual subscription that's normally $150 you can get that for 120 they actually get that down to I believe $10 a month and so it's a really good value uh you save 50 percent uh by by you know effectively um doing the annual subscription but um you know I think it's a pretty good publication I mean we're ranked in the top 200 on sub-stack now so it's been very successful we've got a lot of subscribers over 6,000 and our next publication is actually set for September 2nd so uh you know I'll just let you know that the other thing we do Larry is um we do a weekly piece called Alpha Insights Idea Generator Lab and that's usually for just for institutional clients but if you're a paid subscriber to the newsletter you also get that has our top actionable trade idea of the week and also gives some midweek market analysis and inspector analysis and then we also do some periodic interim bullets and reports and a quarterly video that we send out to all of our paid subscribers as well which is usually a recorded version of some keynote address that I've given at a conference or something without a cost and so I think there's a lot of value to the subscription for $10 a month yeah that's the cost of a hotdog in Switzerland if only you'd have the hotdog because it's real expensive over there uh jeff I'll ask another question from you and that is do you do you do any uh you know long presentations like uh all full day presentations are usually short-term presentations well you know I go to a lot of conferences I'm a speaker at conferences very frequently and they're usually you know 40 minute time slots that they give me to kind of present a full investment case you know what we do in the newsletter is a really really detailed version of one of those presentations the newsletter is usually about 20 to 25 pages tends to have somewhere in the neighborhood of 30 charts by the way you can access the newsletter on substack it's huge insights.substack.com okay well that's really good listen we'll have you on again soon uh so please yeah wait keep us keep us in mind because you uh really have some great stuff I really enjoy it and I see a lot of stuff and it's really first-class stuff so we really appreciate you showing up today like you always do sorry for my voice but it'll get better. No problem. It's always a pleasure Larry. Okay my friend Jeff Hughes of Alpha Insights folks we'll have him back in a couple of weeks here and let's get on here with the show we've got a couple of things that are happening in the commodity markets that I think you need to pay attention to at least you might have to pay attention to if you like to eat bread and stuff like that but I'm going to post a chart here folks that we've been waiting on for two weeks of course we had just had a grain report here today and but this is something that you want to be looking at for Monday because this is what uh you know we believe in is when we're doing these charts oh no I give up ha ha gee whiz this is not fair it's just literally not fair here uh shucks what's this going on uh oh it's okay starting to weaken up here a little bit in the S&P sorry folks I got to turn off my machine here just a minute I'm trying to get these charts up here but I'm just flattened out able to do it so give me a give me a second and we'll try to show you this week chart because it's a beauty the question is it's going to ever show up again or not I doubt it but we'll get it up here to see if we can get it to see if we can see it's one more time nope disappear well take a look at it when you get the newsletter this weekend folks it's about a symmetrical a chart as you could possibly ask for this with Bartolione always talks about and he'll be our guest on uh on Wednesday and uh basically it's 13 days down 13 days down we're sitting right at the 78 percent level and not only that but I believe we've got a uh don't we have a big lunar cycle coming up here on Wednesday the 16th so need to pay close attention to wheat between Monday Tuesday and Wednesday for a potential bottom in here the report came out and had a pretty good rally it rallied about 16 cents and then gave it all back on the close so it means that the bottom is not fulfilled yet but it's probably getting pretty close would be my explanation of what we're looking at I'd like to post a chart on it but it just won't come up I'll get this fixed with Jake somehow I don't know why it happens the way that it does but it just does and there's nothing else I can do about I'm going to try one more time but it's not going to work I know it's a negative thinking but what are you oh my goodness shut the front door and raise the rent look at this thing it actually worked you can see here the number of days down folks this has been waiting on this for two weeks look at it this number of days down is 13 days the 13th day is today and look at the there's perfectly symmetrical now you tell me that there's not something in these markets that has some symmetry that repeats over and over again now this might fail very easily but look at that look what would you rather do would you rather buy wheat up here or would you rather buy wheat down here look at this low right here you go up and make a double top and then come back down again folks if you remember kermit just relax kermit if you remember about a year and a half ago in May okay we were looking at wheat at $13.70 a bushel now it's $6.20 a bushel well actually less than that well $6.20 was a low folks you know it's amazing to me well we've got to pay a few bills we'll be right back if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try tom yo 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 like any endeavor in life before you decide it's impossible get some advice 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of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv okay folks i posted the chart like going back up last seven days in soybeans november soybeans i want you to see that today's high was a 382 of the high we made seven days ago that's a report came out looked real bullish for about 11 seconds maybe less and hit that number of 13 38 and then dropped over 40 cents like a little bit more so it's a big wide range if you didn't have your order setting right there you wouldn't have gotten filled and guess what folks i had more orders sitting there and i still didn't get filled i missed it by a quarter of a cent anyway shaded a bit but that's the way it goes anyway we're going to be looking at some of these markets here remember folks that it's not how much money you make it's how much money you don't lose remember the target on this move in the s and p is 30 handles away from it is right now that's down at 17 excuse me 4634 that's the big a b c d where we had the first three eight two five days ago and now it looks like we're getting ready to see this unfold here on monday and whether it happens or not remains to be seen but uh that's what we're paying very very close attention to okay and one other thing i wanted to mention is on the show on monday will be norm wincky tuesday uh i can't remember who i've got on i think it's paula web but i'm not sure wincky is jim bardley only a thursday or friday we'll have joe denapoli and the non-political version of course we'll just be talking about uh stocks and commodities and things that maybe some of the old uh we departed friends that joe and i have met through all the years we met back in 1971 at the conty building in the west l a that's where all the traders hung out at the time so now we've got to take the old clock on the wall and says it's time to wrap it up for the day and rest the old voice so i want you folks to live every day in an attitude of gratitude and may god bless and try to do something nice for your neighbor folks because not everybody has it as easy as we do so very important so may god bless we'll see you on the flip side