 The following is a presentation of TFNN. Trade what you see with Larry Pezzavento, toll free at 1-877-927-6648 or internationally at 727-445-1044. Now, Larry Pezzavento. Okay, looking good. Billy Ray, feeling good, Lewis. We're going to start out here today with the weekly cash S&P chart. The reason why is, very simply, I do not have my Dax and FTSE charts. Mr. A.S. over in the U.K. is taking a holiday. So I rely on him for those, but we'll look at this weekly cash chart here. I think it'll give us a little bit of an idea where we might be. As you can see here, there's a potential for a head and shoulders pattern here. This is a absolutely symmetrical one. Your left shoulder and your right shoulder are pretty much spot on. The 20-minute line that you see there is basically a line that Jim 20-minute worked on when he was doing his GAN work. If you remember anybody that studied GAN, you know, he looked at 45-degree lines, 30-degree lines, 72-degree lines, and there were all lines all over the page, but Jim knew how to look at certain ones, but then he found that when these lines touched out into the future, for some reason they act as repulsive points where the market could actually accelerate to the downside. It was almost like a fulcrum. One of the things that we did when we were working at Drexel, after I'd worked there a year, I needed help, and I asked Jim to come over to work with me, and he did. Of course, we had a really good support team at Drexel, and Jim needed an architectural graph machine. In other words, it graphed his own chart. He started to make his own chart so that he could see these things very, very clearly. Now remember, this was 1978-79. There wasn't a lot out there. We didn't have charts on the computer until the mid-80s, 83-84. This was really the state-of-the-art stuff. We found this 20-man line. You don't see them very often, but when you do, they do act like some type of repulsive line that the markets move off of, so it's very important that we're looking at this today. We'll look at that a little bit later, but remember, it's really hard to look at it technically. It's a visual thing that you need to look at. I wouldn't worry about it if you haven't seen it before. It's not going to affect you very much at all, but it is an important line from our perspective because when they do hit, they don't always hit. That means that if this line, if the S&P were higher today, this line would not be functional. It would already be broken, so that's one of the key reasons why it looks so interesting. The most important part of this weekly chart that we're looking at here today is this head and shoulders pattern because if it fails, it'll go all the way up to that three-drive pattern, which will take us up another lot, another quite a few, up to 308 area in this cash S&P, so that would be way above 3,000 and something in the cash or in the e-mini-future, you have to watch it very closely because any strength today would certainly break this to the upside and you'd be looking at something that would be a great deal or more bullish. Now, I think we've talked about gold. I've taken the gold and ran it into the ground as about as much as I can. We're looking for a bottom in here either today, probably today. That's what we're looking at today or tomorrow is what we're thinking that we might be seeing here in the gold. You'll take a look at this, you'll be able to see that we have completed the head and shoulders pattern symmetrically and I mean by that that the time between the left shoulder and the right shoulder, the full moon of December 4th, 2017, down to the lunar eclipse of August the 12th of 2018 to where we are right now with the full moon that we had last Friday and boy, is it a beautiful full moon here in the desert. Oh my goodness, you don't even need lights today. It's so spectacular. That came in on Friday and that day measures out to the 22nd of April and that is today. This is the day where we are covering our short positions. We sold the original one up around 1330. We covered that one around 1288, I believe, and put it back out again and added a new position at 1323 so we're covering all those positions today at the 1280 level and 1281 actually and so we are out of that position by using a buy stop above the previous high, trading a little bit below that now, but what we're waiting for now is to find a low entry buy signal that we can in the gold. We probably won't have that until late today or maybe tomorrow but I'll do that by the video service that I send out when we have a trade that is lined up what we think is going to work. We're seeing the same thing in silver. Silver's acting extremely well. When it was gold was making new lows the silver could not even make new lows. That's a very positive thing and I don't want to rehash all of these because we've gone over these over and over again but it's starting to act at least a slightly bit bullish in some of these things. One of the questions that I received over the holiday, one second please, was the old thing with the, from Richard, oh dear, just as I get ready to say it, I can forget it, oh dear. Boy, I tell you as you get older, these little mind lapses, Richard Russell from the, thank you very much Marshall, my God, you little mind reading devil. You must have sent the one that was emailed about the Dow theory and that was a very important thing when you have to have the new highs in both the transportation and the Russell and the utilities and the stocks all at the same time but remember this was going back 50, 60 years ago and we didn't have the data and all the stuff that we have now. We didn't have fancy futures, we didn't have ETFs, we didn't have all the other stuff that's out there so that's probably affected some of this in a great deal. That would be my guess but Richard Russell was a really great human being, very generous with his information and his time and he lived into his mid-90s and he was still trading up to the very end which I hope I'll be doing someday. John Hill, my mentor is 93, he's going to be 94 pretty soon and next month and he's still trading every day along with his two sons and his daughter so it keeps us young, that's good and I certainly enjoy it. For some reason, Mondays are my roughest days, I don't know why, I do a lot of work over the weekend but on Mondays for some reason I keep track of which days of the week are the best for me and Monday is the worst. Most of them are pretty close to normal but there is a slight bit of a negativity for me on Monday. In other words, over the five days of the week Monday is my less profitable day of the week so I'm always a little bit more cautious on that day so that's just looking at the numbers and saying be very, very careful. I see one thing that I really want to do today that I'm afraid if I talk about it it'll probably not work so I've sent out an email on it but I don't want to talk about it here on the air so we're going to take a little break here to pay a few bills for Tom and then we'll be right back and we're going to talk about these currencies folks because it's going to be really good, we'll see what it's like. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day it's likely that you'll be faced with lots of decisions. In order to make the best decision the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. 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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 homepage 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. Call now toll free at 1-877-927-6648 internationally at 727-873-7618. Okay folks let's take a quick look here at these treasury bonds folks they're beginning to look more and more ominous all the time. We've mentioned let's do the notes first because it gives you a pretty good idea of what we're looking at here. What we're watching here on the the treasury notes this is a daily chart and as you can see we went up to a 1.618 expansion there back in the middle of March on the 15th and since that time we've been down we're two weeks down. We stopped at the 61% retracement last week at that 1.228 level in the treasury notes as long as we stay above that there's a small chance well there's a chance it's not necessarily small then we'll get a little bit of a rally here in the notes but they're beginning to look both notes and bonds are beginning to look more and more bearish. Remember this is a daily chart going back over the last year and a half and these bonds top three years ago at a much much higher level so we're just making a 3.82 retracement in that move that's what you're seeing there at that 1.25 level because when we rallied from the the butterfly pattern excuse me the other butterfly pattern that we had at the excuse me in October of last year that it down at that 1.17 we rallied up to you know eight handles up to 1.25 that was nothing more than a 3.82 retracement on the long-term weekly chart that we feature in the newsletter so that's another one that makes us wonder that these rates do want to go higher I know there's a lot of information about the Federal Reserve out there folks but it really does make an interesting spot to take a look at. Mr. Z is talking about the coffee and I really like the coffee I'm becoming a coffee trader Mr. Z hold on a second here and I want to bring up this really cool looking chart here because it had a really good by pattern here last week let's just get this up here so we can get on the same page with the master himself Mr. Z and you'll notice here that we went down to that 1.27 level with a wide-ranging bar we had an ABCD to that level that was at 87 that was the spot on low the next day we opened about unchanged and then we rallied and now we're up another two dollars a pound here this has got a chance for one heck of a rally focus very similar to the one that we might have had back in September where we rallied from 96 up to 126 that's 30 cents a pound in coffee believe me that do you think that's a lot you know coffee was over 300 more than once so this is a really cheap price for coffee this is one of the reasons why Starbucks make so much money they can still raise prices when they're underlying commodity keeps going down which is a really a good deal for them but anyway coffee does look really good I can't buy it on any strength in here because it's still in a such a strong downtrend but I am looking at it that have a heck of a good rally in here but it did have a really nice pattern down there in fact we brought this to your attention before but it is starting to rally a little bit it's going to be interesting to see what is going on with it as we move through some of these other things by the way the lines the lines of the telephone lines into TFNN or JAM this morning as usual but if you'll be patient call in 877 927-6648 if you have any questions about any of the things that we talk about here any stock that you might look at I'm not too much with stocks but usually I can pull them up and give a rough idea of where we stand with some of these and since someone has asked us about this let's take a look at the Fang stocks today folks I want to show you Apple because it's still acting pretty good we've actually gone above the 61% retracement by about $3.00 a share I believe it's trading a little bit lower today about $2.00 but that the 61% retracement came in at $2.01 that was off from the high to the low and so that's a very interesting one all of these have not made new highs some of them look better than others here's one that is always in the news and that's the Netflix and you'll notice here that Netflix has made a small ABCD pattern in the last few weeks rallied up and I believe we're trading around $3.50 right now $3.50 in change this morning so it's made that 78% level spot on at the $3.80 that was the 78% level from the high that was made back in June, June 19th of 2018 so when we came down and rallied back up again that was a perfect 78% level and there was an ABCD pattern at the same time I didn't draw that one in but if you do a little bit of creative analyzing here you can see between the January and March 21st level which was the spring Equinox that was a beautiful ABCD pattern and lined up perfectly giving you a really nice place for a low risk short sell that's one of the reasons $3.60 thank you very much for letting me know where it is but we'll see now I did listen to the news a tiny bit over Netflix and Disney and all that stuff but I don't know I'm a Netflix subscriber I probably use it once a month but it's interesting to watch but I think that the people that watch Netflix are different than the people that watch Disney you know Disney's got a lot of stuff in there you know their libraries and stuff but those people are different than the Netflix people that's just my guess so I don't think that much is going to happen the thing that shocked me the most about this is when Reid Hoffman was on the on the list my god the guys lost 50 pounds I hardly recognized him and I was really surprised I mean I you know he was just down to a fraction of what he used to be so whatever he's doing he must be getting ready for the Ironman competition that we have here in Tucson every year I don't know if you folks know this but I do the Ironman competition here in Tucson and of course we have the three events you know we have the Pizza Hut, the McDonald's and the Taco Bell the one that can make that that triumphant in the matter of one hour then you're ready to go so we'll see yes Michelle Suri Mickey Mouse it's the most I don't know if you folks know this but Mickey Mouse's picture is the most recognized picture in the world the biggest icon in the world that I saw that somewhere in factoid and I have to believe it you see it in China India wherever you go Mickey Mouse is known everywhere if you ever go to Copenhagen Denmark which is a wonderful place to visit it's one of my favorite serenity absolutely love that place there's a place called Tiffany Tiffany Gardens and in 1935 Roy and Walt Disney were there and they saw this and they said we need to do that in the United States and that was their inspiration for building Disneyland and I was there I was there on opening day in July of 1955 and we had hitchhiked from Terhode, Indiana all the way to Anaheim, California to go to Disneyland and then we hitchhiked back we were going about four weeks myself and two of my buddies and we stayed with relatives all the way but it was a lot of fun anyway that's right it's not original idea you're absolutely correct it was because of Tiffany Gardens I believe is what it's called I think it's Tiffany Gardens I'm pretty sure that's what it is it's a much smaller place than Anaheim but you can see the theme as you go through it we got to pay a few bills here 877-927-6648 you're right I was right once this month Larry Pezzavento has just started his brand new service Fibonacci 24-7 and he's already delivering content to his subscribers on a daily basis when the markets opened and even on weekends each Monday you'll receive Larry's written report that provides detailed commentary and a summary 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David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30 day free trial to David's daily newsletter the path of least resistance with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning then visit the front page of TFNN and you'll find the path of least resistance under trading newsletters. For all the details and to start your 30 day free trial today log on to TFNN.com now. TFNN is excited about our new software charting program the Art of Timing the Trade Chart. 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This segment is brought to you by Think or Swim For more information just click the Think or Swim banner on the front page of TFNN.com Okay folks let's take a look here at Google. Boy this has got a really great picture if you like ABCD patterns and double bottoms and 135 patterns they're all over here with Google and you can see here that we are in the process of making a butterfly pattern up in this one 1240 some level 1250 level in Google and whether that will be a major top or not I don't know but you can see the double bottom that we had from March of last year into the one that we had here on December the 26th that was another if you look at it really closely you can see the ABCD from the 61% retracement went right down to the absolute low at 970 that was the low that's where the ABCD measured to and that was the final low and then of course we had ABCDs all the way up and we're still going up. I listened to Basil show early this morning and he said that the market a tiny bit tired here and it certainly looks like it could be but the thing to remember is this is still a really strong uptrend so you want to watch this correction if we do get it because if it's very shallow which that's all we've seen on the way up you know we could still be looking at new highs in these things and believe me they have nothing to do with the political nature of what's going on in the world and especially here in the United States this market goes up on anything it doesn't make any difference so it runs separately than anything else and I believe that it's you know it's run on cycles that are there and we try to find the underlying ones if you remember we had Bill Meridian on last month in early March or middle of March and he said there was a really strong bias from April the 15th excuse me from March 15th into April 15th and now we're one week past that we did there is a possibility we topped on the 20th because that was a topping action we topped on Thursday possibly when we hit that 923 level in the S&P but you know that doesn't necessarily mean that it's going to be going here Terry's asking a question about a three drive pattern in the soybeans Terry you are flat out spot right my friend let me get this up here to take a look at it that's definitely on the watch list for today we're going to pull this up I think both of them for you Terry because the July soybeans and the November soybeans look very very similar I particularly like the November and the reason why is there's a lot of problems in Indiana where you know where I was born and I still have you know farming friends there and some of these farms they're just soaked I mean they just can't even get the corn in yet I mean it's just really really bad so if they can't get corn in they certainly because they're planted a little bit later so that could be a bigger problem if we take a look here that's the July soybeans but if we take a look here at the November that's the SX contract you're going to see the same pattern these are the new crop beans they haven't been planted yet and any problems with these they could really be looking at the same thing Terry I have never traded soybeans if that's the ETF for soybeans I didn't even know that existed it doesn't surprise me because they have ETFs for everything all I know is I'll have to check that one and the reason why is because the ETF for the Shanghai stock market FXI is terrible I mean it doesn't show any of the volatility that you get in Shanghai the trend is slightly the same but you know it's not a very good very good when you see things like GDX which is a very good for gold and SLV silver those are great but the others boys some of them are terrible they just don't act like the other ETFs but you'll notice here in the November soybeans we have a three drive pattern forming right now the 61% retracement comes in about 8 cents lower and we're a little lower this morning so we're probably going to get to that 905 level in November beans so if you wanted to be a farmer that's a good place to you know just take a look maybe being a farmer because you don't have to risk very much at that point but we'll see what happens with it but we're going to have some trouble with the crop this year because it's going in late and it's always a yes it's a daily chart and it's November soybeans up to date I believe they're down slightly I think Mr. Z could tell me right now I'm not able to check that right now but we should be down just a little bit in soybeans and that'll be an interesting one to pay attention to the soybean oil is also doing the same thing and the soybean meal also has a very someone's asking a question here I do not have that information on the planetary speed index that Shane has I didn't get that so I'm sorry Mr. Z what I'll do is I will contact Shane later this morning and get that information and take a look at it but I really like those planetary speed things because that's the work that George Bear did with the speed of Mercury and Mercury being a real planet whereas the moon is nothing more than a satellite and we see what happens with that because it affects the tides and everything else but with that with Mercury that's really an important one I've seen some incredible things with that planetary speed index that Jim 20 men had done and now with the computers the way they are we're able to get some really good data and before you had to do all those calculations by hand and we'll be able to look at it so November beans are at 9-11 right now and what we're looking at just a second ago let's just double check that to see where we were we were at 9-13, 9-11 so down about another nickel looks like it would be pretty much a low risk trade it might be one that would be worth you know playing a little bit of attention to if nothing else for sure so we'll watch it that's one good thing to keep in mind as we look at some of these through this level in here now regarding another market that is very very close to what I think could be a pretty good bottom we'll switch over here to the currencies here because we've got that same almost the same type of pattern in the British pound that we're seeing in the hold on just one second that we're seeing in soybeans you're going to see here that we have that three drive pattern coming in at the 78% level we're trading around 129.90 right now in the British pound and we've taken out last week's lows we haven't really done much after doing that but about another 60 or this is going to be 80 points lower at that 129.15 in the British pound pay close attention to that one because that's going to be very interesting you notice we have lower tops ever since March 15th lower bottoms and but then we look at it on the daily basis you're seeing higher bottoms so here's a definition that you define trend by the time frame that you're looking at if you're looking at it on the daily chart this is still a it says set it up trend because we've had higher tops and higher bottoms but if you look at it you know on a four hour chart or just from the dailies from March 15th you're in a downtrend so you have to define what time frame you're in when you decide the trend that it's in that's really what it's looking at nothing to do with whether it's well it could because some people are really good with these moving averages but I use what John Murphy taught me and that is the trend is based on the the time frame that you're looking at if you're in a five minute trend and you have higher bottoms and higher tops it's an uptrend if you're in a 30 minute trend and you have lower tops and lower bottoms it's a downtrend so you have to decide what trend you're in and that's and if you're trading a 15 minute chart you should trade a 15 minute chart and not worry about it don't go looking at an hourly chart if you're trading a 15 minute because you're not going to be in it that long 877 927 8 if you're in the cd market and looking for a secure investment the Tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com you can trade 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 1550 per year or 6200 over the four-year period that same $50,000 investment in the Tiger first mortgage program would give you 3500 per year or 14,000 over the four years what should you prefer 6200 or 14,000 of interest on your investment if you would like more information about the Tiger first mortgage program you can call me 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 $1900 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 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 will the S&P 500 continue to climb for bold trades on US large cap stocks in either direction trade SPXL SPUU or SPXS directions daily S&P 500 leveraged ETFs direction leveraged ETFs an investor should carefully consider a fund's 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 directioninvestments.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 for side fund services LLC the bull bear binary option hour next on TFNN hey I want to commend Terry for posting that SOYB ETF for soybeans my goodness it's perfect it is 100% correlation so if you want to trade soybeans without risking very much take a look at that ETF that's a beauty it's a three drive pattern you know you're pretty much there I mean it trades it's such a small increment that you don't have to risk very much there but it's a beautiful pattern thanks Terry I didn't realize it I don't know how much volume it's got but the charge is good enough that means it must have enough volume because it's a it's a beauty I'll have to watch that myself I wrote a note number one thing to do today is look at SOYB so let's pay attention to that one that's going to be there must be others out there I'll have to check with Rich because he probably trades in more than I do but I've been old I'm an old futures trader with the emphasis on old another market that's got a little bit of potential here but again you have to give it a little bit more time and that is the natural gas folks so let me show you why this is the long-term weekly chart here in natural gas someone reposted something from Shane's indicator and I don't understand it so I better not move into that area I have enough understanding things that I think I understand here's the natural gas contract we broke down into new low ground breaking that triple bottom and then today we've snapped back we've already jumped back five points so as long as we can stay above that 247 level we got a chance for some type of a bottom in here how much it would be I don't know but that's all that could possibly be as a snapback rally early this morning but the fact that it didn't fall out a bit overnight with all the selling that hit it Friday is actually a sort of a positive sign but that could dissipate in very very shortly but it's something to put on the watchlist because any more strength if we should get it above the 260 level another eight points higher that would really be an indication that yes that was some type of a major bottom in here and we want to be looking at a place to potentially go in and be a buyer but that's still down the road a little bit now what we want to do is get back to looking at another one of these fang stocks that we have missed we got a couple others that we want to hit we certainly want to hit the Amazon which is always big when the Amazon and Google charts look very very cool you know they're very similar I mean they just you could just draw a line over both of them and they go up together I don't know it's because of the highest price ones are not but they have a lot of similarities in the chart patterns very very very important and then we want to get down to the the Facebook here again this one's a little bit different and we've just completed here you'll notice a really nice three drive pattern up here right near the 61 percent retracement at the 182 level so that's going to be an interesting one to pay attention to but look at the swings that we've had in Facebook folks my goodness we went from 200 down to 160 or something and then 140 something and then all the way back to where we are right now so it's going to be really crazy I I understand the folks here that Dan are talking a little bit about Brexit and here again you're talking about the politics you know just look at the charts they'll give you a rough idea of where we're looking at so we'll be able to see what's what you're talking about Steve Rhodes is also giving a supposed here that the TAS profile for the November beans is 912 and we're trading at 911 so this is something you ought to take a look at that's a beautiful three drive pattern in those beans folks so and you know if you like Gartley patterns if you like three drive patterns it's all together right there if you're going to go to the ice cream shop this is the time to go because it's it's got everything that you need there for to be a buyer the actual number that I'm looking at based on that the November bean chart comes in at 906 and I would put a stop at 899 not risking more than 350 points and that's another one that I would pay attention to well one other thing I wanted a little factoid that you folks I'm sure you probably don't know this but Roy Disney and his daughter I think her name was Laura she was very ill she had diabetes and just had all she was sick from the time she was a little girl she died very young but they were customers at the Drexel office there and he would come in and one of the best perks that you ever had for Drexel Burnham was Roy Disney not Roy Disney but Walt Disney wanted to retire on the premises of Disneyland in Anaheim and where the Pirates of the Caribbean is on the second floor there was his apartment it's a beautiful apartment with beautiful antiques beautiful birdcage elevator takes you up and after he had passed away they had kept that separately they were going to make a museum out of it but what they kept it for was for private parties for birthday parties and things like that so if you had a child that had a birthday and you were invited there Mickey Mouse and Minnie and Pluto and the goofy all of them showed up and delivered the cake and it was really a big to do I didn't get to go to any of those my daughters did because they were invited through one of the other boys from upstairs in the Mike Milken group but it was really an incredible place to go to I think it's probably still there but I haven't been there in 40 years so things change in 40 years I think Pirates of the Caribbean is still there but whether that apartment is still there I'm not sure but there's a beautiful place in the pictures that I saw all right let's take a quick look here at the last one of the charts of the Fang index here we'll take a quick look and already did that that's Google so we've got them all done we got the whole thing covered so that's a good deal now what was it oh New York Stock Exchange index I wanted to show that one because this one very very interesting here because we've had a non-confirmation here in the New York Stock Exchange index you'll notice we have that three drive pattern that formed here the two days before the full moon but look at it folks it's exactly I mean to the tick it's exactly 78% of the high that we made way back on January the 20th to the tick I mean you can't make that stuff up and if you look at the one that we had in September that one was exactly at the 78% level and how was it making it it was making it with that little three drive pattern you can see in the three yellow triangle right there that's right at the 78% level so maybe we're going to get some type of a correction here you know that's always a possibility of course it's also an impossibility too so pay attention to it but it's very interesting that it did that the Russell is lagging behind the market a bit but you know not by much but the fact that that the New York Stock Exchange did exactly what it was supposed to do is very very important oh we got going to the end of the show we want to talk about Bitcoin we've had two requests on Bitcoin we haven't backed off very much folks from the the $5,400 level we got down to 4900 the 382 is at 4600 so it really hasn't backed off but there's a possibility you could get to that and watch it really closely because if you trade Bitcoin that would be a really good buying opportunity so watch it that's the bottom line of what we're looking at here at TFNN so unfortunately all the lines were backed up today you weren't able to get in I know some of you are very frustrated waiting and waiting to get lined up but the call lines were so backed up we couldn't get any callers in 877 6648 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 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For more information just click the Think or Swim banner on the front page of TFNN.com Folks I'm back keeping on these treasury bonds folks because we did have a little 382 rally between the 17th and the 18th of April going to the 147 level we're trading at 146 12 right now these bonds and notes look extremely bearish folks so I don't want to put too much of an emphasis on you to affect your opinions or anything but from a charting standpoint they're beginning to look a little bit suspect. Regarding the gold I would love to see gold make another new low down around the 1260 level either today or tomorrow and then I will certainly be looking to get to the long side would be my guess so have to wait and see if that's going to unfold. Remember that we've been up for a long time in this market we do have a head and shoulders pattern in the weekly SPX that's the S&P cash weekly so it may or may not work but it has to stop right here any new high above the 923 level would certainly tell us that we are certainly you know on the wrong side of the market if we're going to be short at that point but selling at that 2919 look like the right thing to do last Thursday so far it's work but you know that might be short live we'll have to keep a close eye on that one for sure regarding the crude oil broke above the 61% retracement at 65 we got as high as 6480 broke through that went up to 6580 in the in the July crude oil excuse me it went to 66 in the July the May got up to 6580 and we're trading around 65 58 right now that's at 1.618 expansion up there off the the shorter term 15 minute charts but that's really all that's there there's really nothing else to say that this could be an interesting top in crude oil because smashing through that 61% level is very very important folks that 6420 was strong resistance 877-927-6648 see ya flip flop