Hello everyone. Welcome to Options with Doug. Streaming live daily on Bookmap Discord and the Bookmap YouTube channel at 1.30 p.m. Eastern time. And before I go further, I need to go over the disclosures. General disclosure, all Bookmap limited materials, information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Risk disclosure, trading futures, equities and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. And as a reminder, my presentation and the Options with Doug chatroom in Discord is focused on options, order flow, the impact of options, markets on stocks and futures, and the influence of market maker hedging flow on price action. I have a two-step process for trading and the first is planning and that is based on positional analysis. And I look at how market makers and traders are positioned in the options market and how those positions change from day to day to help develop a thesis regarding expected range and volatility for the day as well as a directional bias. And that is different from what a lot of traders use technical analysis or fundamental analysis. I think this is a new way of looking at the market that provides a significant edge. And the second step in my process is execution. And I look at real-time order flow and book map and real-time market maker hedging flow and Spot Gamma Hero to confirm my thesis and for setups, entries and exits. And on topic questions and comments are welcome, both in Discord and the Options with Doug chat channel as well as YouTube. And I'll be watching both for questions and comments. All right, what I want to talk about today is, first of all, the economic data. There's a big report this morning and then some data coming out tomorrow as well. Then I want to do a quick review of yesterday in the S&P 500 and take a look at how traders were positioned ahead of the data. And then we'll go over our position analysis and then finally look at some setups. Okay, first of all, the economic data. And it's a little bit easier to see here on this financial juice website. This is all the CPI numbers.  But anyway, the point is they all came in in line with expectations. So in most cases a little bit less than the previous number and also in line with the current expectations. Okay, and there was something else that looked like the S&P 500 drop quite a bit a few minutes ago. And I'm just looking here to see if I can see anything. This is what I'm talking about this kind of sharp drop right around. Let's not show me the time. So somewhere around 120 something like that. I don't know. Does anybody know if there is any news or is that just a, you know, there's a lot of Fed speakers out now. So anyway, that was the news this morning in line with expectations a little bit lower than the previous numbers. And then tomorrow the last, thanks Smoke 027, no news. Okay. And then the last economic data for the week is the consumer sentiment at 10am tomorrow. Now one thing I want to do is review yesterday. We'll just and then we'll we'll talk about more about I'll talk more about how that played out today. So here's a quick review from yesterday and I posted these charts in discord. And this is again yesterday prior to the data. And this is the SPX for the entire day from the from the open to the close, showing that traders were buying puts. So they were buying SPX puts. And I posted that the traders were actually buying SPX puts that expire on Friday. So that was the the highest volume was the 13 Jan. That's tomorrow, the 3800 strike. And that's for SPX. And same thing and spy traders were buying puts. And they were buying calls too. But the the puts outnumbered the calls. And then finally, this is the put call impact chart. Again, this is for yesterday in spy, showing that spy was slightly put dominated from about 300 on up. And what that means is that traders were long puts, market makers are short puts. And not significantly, but they you know, nonetheless, they are they're still positioned that way. So this means that market makers in a negative gamma situation, that's put dominated negative gamma, they have to sell futures as price drops. And more importantly, if price increases, they can buy back those short futures. Okay, so that's tomorrow. Just a quick summary of of how traders were positioning ahead of this. Alright, so now let's take a look at our position analysis for today. And here's the S and P 500. Yes, futures. That's in book map. There are a couple of other charts that I want to take a look at. First. And this is thinkorswim. And this is SPX. And if you recall yesterday, we were looking at the implied volatility for for today. And for tomorrow. And I don't recall the implied volatility number, but I was looking at the the implied move. So I hope you can see this. It's kind of small on the right on the upper right corner of the screen. The yesterday the implied move for today was about 78 points plus or minus 78 points. So the volatility was extremely high. And now you can see if you can see this, the expected range for the remainder of the day in SPX is plus or minus about 17 points. And then tomorrow, the expected move for the entire day is a little bit less than 38 points plus or minus 38 points. And that is that number was also up around somewhere between 78 to 80 yesterday plus or minus 78 points. So there's been a substantial drop in implied volatility. And here's another chart in thinkorswim. This is this is kind of a big picture view showing and I've talked about this trading range that SPX was in for some time from around 3780 on the low side to 3890, 3900 on the high side. And SPX has pretty firmly broken out of that range now broke out retested and is now moving higher.  So again, this is SPX. I'm looking at a 20 day one hour chart. So this is a big picture view of what's going on with the S&P 500. All right, let's take a look now at book map for a closer picture of what's going on today. And the the levels that are in play are shown on the chart. I have two columns of notes. The first is spot gamma cloud notes. And these come directly from spot gamma. They're updated daily.  And they're also combo levels which combine SPX and spy and convert that to an SPX number and then convert it on this chart to an ES number. And then I also have my own column of notes that shown here in the sea levels. And this is a spreadsheet that I fill out every day. I'm showing the big round numbers for ES and also key spy levels. And that is the 395 volatility trigger. And one thing to note right now spot gamma is still adding 25 points to SPX to come up with an equivalent ES number. And I'm I'm showing that number is closer closer to 20 points. So they need to need to update that. But that you know just keep this in mind. And then I'm just using the spot gamma levels. Since they're updated automatically in the in these cloud notes every day. So the key points to note here are this reversal. Oh, just before 10am Eastern time. And I'll look at a number of these reversals. There were some great, great long setups this morning. And one thing to note here. First of all the shift from all of these pink dots to green dots. And I'm looking at this this area right here. The shift from large pink dots to green dots. That's so market sell orders. And then this these large iceberg orders come in. And let me zoom in on this level. And we can see more detail about what's going on. So note. First of all, the book map provides such clarity. So here, this dark blue to pink line shows that's cumulative volume delta CVD showing aggressive sellers. And also the downward sloping yellow line shows stop orders. So this was a stop run. And then notice the iceberg shown by this light blue line. And these are iceberg orders trader large traders use these to hide their size. So notice the notice the large numbers here. 3000. And that is 35 different executions. And here 4,638 executions, huge size. And when I was zoomed out, the total was over 9,000 9,300 something like that. Stop run aggressive sellers into large traders waiting with their iceberg orders. And we'll look at a hero in in in a few minutes and see what was going on at the same time. And that started this run higher to zoom back out. And then the the level and play right now, or target in play is the call wall SPX 4000. And remember that should be at about this level 4,020. And we can go back to the we can go back to another SPX chart and see this. This is a one minute chart showing the same levels. And notice the reversal right down to the zero gamma level. So the zero gamma level has been a key level today. And you can also notice the here the session volume profile showing the and also the purple line purple line is the point of control. Also showing the concentration of volume at that level. Okay, so that's a kind of a quick summary of the S&P 500. Again, the levels are shown on the charts and shifts in levels. There were a couple of shifts higher in levels that I look at the key gamma levels. And the first were the volatility triggers for SPX and spy and just a minor shift higher and the volatility trigger for SPX from 39 10 to 39 15. And that is spot gammas proprietary gamma flip level where gamma flips from negative below to positive gamma above. And that will change how market makers have to hedge. Below negative gamma, they're trading with price direction above and positive gamma, they're trading against price. And that tends to reduce volatility above and increase volatility below. And then the volatility trigger for spy jumped up from 389 to 39 15. And then the volatility 395. And then for spy, there was an increase in the call wall. Yesterday it had dropped down to 392. And now it's back up to 4 10. And I I interpreted that as bullish that traders were looks like they might have been taking longer term long call positions or positioning higher. And then also the QQQ call wall dropped down to 280. And the key gamma strike went up to 280. So gamma for QQQ is really concentrated at that 280 level. Alright, let's take a look at the S&P 500 gamma charts. So there's the absolute gamma levels for SPX and spy. So there's the put put wall for SPX at 3800. And that is the strike with the largest net negative gamma, not really on play today. And there are some additional levels of put gamut the at the round numbers, the 50s and the zeros. And then the 4000 level remains the key level for SPX. And that is both the call wall. And that is the strike with the largest net positive gamma. And also the absolute gamma or key gamma strike. And that is the strike with the largest absolute gamma. So that is SPX. And again, right now it looks like the 4000 level is the key level to watch. And here's spy. And there's 380. That's the put wall. And that is pretty clear the highest net negative gamma. And just to remind everyone, this is the zero line here. And below the line of the two lines, we're looking at put gamma or negative gamma. And above, we're looking at black lines or call gamma or positive gamma. So there's the put wall. The key gamma strike at 390. And here's the call wall. So it looks like there was some calls call gamma added at that level. And our price continues to increase. That level will will definitely be in play. You know, perhaps more long term. If the call wall remains up there. So that is the S&P 500 charts. And let's take a look at QQQ. So I don't often look at this, but this is QQQ, the absolute gamma levels. And you can see the concentration of call gamma and put gamma at that level. And that is the, that's the call wall and the key gamma strike. And here's the put wall down at 360. All right, let's take a look now at data. And this is something that I look at every day. And this is gamma notional. So this is showing the market makers position on the gamma curve. And note that the SPX gamma is now at 134 positive 134. And it was mildly negative yesterday at minus 16. And today, market makers, according to SPX are positioned in the positive portion of the gamma curve, meaning in this case, that they are long calls. Spot gamma assumes that traders are traders are long puts and short calls. Market makers take the opposite side of that position. So market makers are short puts and long calls. So this, according to SPX puts the SPX market makers position into the positive gamma territory and still negative for for spy at minus 551. But it did become less negative than yesterday. Yesterday it was minus 776. And today minus 551. So still slightly negative for for spy. And let's take a look at Vanna charts now. This is for SPX and showing how market makers delta exposure changes with changes in price, implied volatility, and that's shown by the green line, and then also changes it. And that's the Vanna effect and also by changes as time passes. And that is shown by the black line, which is the next expiration. And that's the charm effect. So this is a pretty neutral model showing that market makers don't have significant hedging to do in either direction. And for spy is still mildly negative. And this is showing that, according to this, that market makers will still need to sell futures as spy price decreases and they can buy them back as price increases and also as implied volatility drops. All right, so that's the position analysis. And based on based on all of this, my thesis for the day and remember that, you know, I showed at the beginning here how traders were positioned yesterday buying buying puts and SPX and spy also the slight put dominance in spy. And based on this and based on the the ACON data that CPI report that came out this morning, my bias was slightly bullish. And it would have been more bullish if SPX gamma no gamma notional had been negative and spy gamma notional would have been more negative, like previous CPI reports and FOMC announcements. If spy gamma notional had been minus 2000 and SPX gamma notional minus 500 or lower, I would have been more bullish. But based on the numbers, what I saw yesterday, what I saw today, and also implied volatility dropping today, I was mildly bullish. And I was looking for long setups. And one other quick thing that I want to note is I'm going to go to equity hub now and just take a quick look at SPX and spy and this is showing now that gamma notional flips to positive at 4000. And it's just mild, you know, close up into that level, where it shifts from positive put gamut at call gamma. And still, you know, comparing this chart with yesterday, still put dominance mildly for spy. And just a quick contrast with what was the situation two or three weeks ago. And we'll just take a quick scan through some of these charts. This is Apple AMD. And there's just a mild, mild put dominance. Take a look at Google. And this is opposed to several weeks ago, where there was a significant put dominance. And this is all looking at the the January expiration, except in a few cases, like Snowflake and Coinbase with it, this expiration Friday expiration. So the situation a few weeks ago was much stronger, much stronger put dominance. And that my expectation for the way that would have played out is similar to a an announcement of put that rally. So all of those puts apparently traders have been taking profits. Instead, if they had died, then all if all that put gamma remained, then that and expired on that Friday, the 20th, you would potentially look for a strong rally. After expiration, but that is that situation is no longer in play. So anyway, just wanted to point that out. All right, let's take a look at some setups now. First thing that I want to look at. This is a spreadsheet that I keep every day that these are the stocks and my watch list. And I track the key gamma strike from day to day. And I have two columns on the right there, the previous key gamma strike. And that is the key gamma strike from yesterday. And then the current key gamma strike. And that's from today. And I color code these green if the key gamma strike increase from the previous day. And read if it decreased. So one thing to note, these stocks right here, Microsoft and QQQ, both had rising key gamma strikes. So I was focused on Microsoft and QQQ this morning as a starting point. All right, let's look at setups now. And let me check for questions. And there's a question in YouTube. How do I apply the market maker move that is given on Thinkorswim? And I really don't. I look at that, but that's not something that I use. The thing that I show on my charts is I have a proprietary indicator that shows the upper expected move and the lower expected move for the entire week. And I mark those on my charts. Okay, so let's go with, take a look at ES first. And this is combining signals from SPX and SPY, both calls and puts, into one combined signal. And let's take a look, first of all, puts and calls. So traders were selling puts. So they were buying puts yesterday. And looks like they could be selling them or they are selling them now. You know, who knows if they're they're closing or not. But they're selling puts today. So as zoom in on this level, and I'm just looking at a one day, the one day rolling window here. So this is the full look back period. And what I was looking at this morning was this what I thought was a divergence. Let's go back to the total signal. And it looks a little bit different. And again, remember all of confluences that we looked at in book map. Let's just go back and take a look at that. So again, stop run, aggressive sellers, large, very large iceberg orders, almost 9400 iceberg orders executed. And then the aggressive buyers come in and are trying to move price up to the 4000 SPX 4000 call wall. And that was again, I thought confirmed by options trades shown in hero. So I thought everything lined up for a for long there. The only thing missing in my mind was some sort of key level to to lean against. Let's take a look at spy and spy a very similar chart. So I'm in a bit rising hero, price reverses higher. And let's go take a look at spy and book map. And there's the reversal higher in spy around the 393 level. And you can see all of the green dots showing the aggressive buyers coming in here, trend break, aggressive buyers coming in, buyers absorb sellers and price rises. So again, this is what I was looking for. Now there were certainly great shorts right from the open. But I was again, my thesis, my bias for the day was mildly bullish based on the the structure, the negative gamma traders buying puts yesterday, the implied volatility drop today. So we looked at that in the options chain for SPX, let's take a look at, we can take a look and confirm that with the VIX. Let's just take a look at the VIX chart. Some implied volatility has been dropping. Notice the first drop right at the data announcement at 830. Right here, there's the large drop right at 830. And VIX has been trending lower ever since then. And again, putting this all together based on positional positional analysis. I was bullish for the day. Let's go back to back to hero now. So I thought this was somewhat of a divergence higher is seeing hero rising price makes a slightly lower low, lower highs, lower lows, and then reverses higher as the aggressive buyers come in. Let's look at some other setups. Here's Apple. Same situation about the same time. And I've got into my notes to look at a 30 minute rolling window. Let's see if that adds anything at this point. Yeah, a little bit closer correlation. So this morning, traders started with a refined calls really pretty much from the from the open that of this large vertical line indicates a large block order and price response and traders start selling puts at the same time. Clear that up. Let's take a look at bookmap now for Apple. Alright, there's a question in YouTube. Oh, that it just disappeared about the spot gamma key gamma levels and all subscriptions for spot gamma include the key gamma levels. Well, actually I take that back for for SPX. But if you want the gamma levels for stocks, you need equity hub, which I believe is the the pro subscription to get equity hub. And then of course the alpha subscription gives you hero. So here is Apple, pretty similar chart. Quick drop down to 132. Notice all these small green circles. And that's a by sweep. So a cell sweep, the red circles, and then a big by sweep, the green circles and price reverses higher, turns back down around 1130, then reverses higher with the target at the 134, the initial target at the 134 liquidity level, and then a primary target at 135 liquidity there AMD. I need to end the semiconductors that I track AMD and Nvidia were strong were the best setups today. So here's AMD. Let's take a look at spot gamma to look at hero. Change this back. Look at AMD. Look at the morning puts and calls. And this is a clear call diversions. I'm looking at is the rising rising orange line. Traders were buying calls from the open. Even its price was dropping. And that means that market makers at some point, they're selling the calls and they have to buy stock to hedge their delta exposure. So really nice call divergent set up there in AMD. Let's go back to book map now. So there's AMD. Quick drop lower price versus this UEM is the upper edge of the expected move for the week. So AMD has been quite bullish this week trading above the upper edge of the expected move for the week. Reversal higher pullback to the 68 level and then a breakout of this consolidation or around 1145 with targets. First target at the liquidity at the 70 key gamma strike and then the second at the liquidity at the 71 call wall. Let's just see if there are any other levels in play today. And just the standard liquidity at each round number level. I'm going to take a look at the stocks that I have noted that if I have time I'll go back and look at a few others. Look at hero for Amazon and call buyers where in here they were selling initially and then started buying calls. Certainly not the divergence that we saw on AMD. Let's go. We'll go to book map take a look at Amazon. Pretty similar pattern to other stocks. Let's go to meta now while we're waiting on that. Let's go back to hero. And I thought this was a divergence higher. So heroes started rising price continued to make lower highs and lower lows and then reversed higher. Let's take a look at book map. Here's meta and a pretty pretty strong stock today. Quick drop down to the 132 level reversal higher and the first pullback entry here and then a break out of this consolidation targets at the first target at the 135 liquidity and 35 second target at the 136 liquidity. Next target at the 137 liquidity and now it's up against the upper edge of the expected move. And let's see if there are any other levels in play. And the 140 call wall may not get there today. But if this continues then that would that could be in play. Let's just go back and make sure everyone saw that. So what I'm looking at is the 140 call wall and notice all the liquidity at that level. So all those resting cell orders almost 281,000 shares. And let's go back to hero. Let's just break out calls and puts. So no clarity there. All right. The next was Microsoft. So this was the first stock that I was focused on again based on the rising key gamma strike. And this is not not as clear but hero rising. Let's just see. I don't think there was any additional clarity by looking at puts and calls. Oh, somewhat. So traders were selling puts. Let's go take a look book map. Microsoft sharp drop in the morning down to the 234 level. And then a quick reversal higher up toward the 240 call wall that's shown here. And again, note all the liquidity at that level about 56,000 cell orders limit orders to sell at that level. And there were quite a few pullback entries. Trend break pullback. Here's the first setup green dots next pullback. Another trend break pullback to the 237 level and then pullbacks all the way heading toward the 240 call wall liquidity level. So this is the stock that I was focused on this morning. Given the the rising hero, the increase in the key gamma strike from yesterday, that 240 call wall level above as a target. Let's go back and look at a hero zoom out to the entire day and bullish up to this point.  Alright, that was Microsoft. Let's take a look at Nvidia now. And this was the best setup of the day, I thought. And notice the clear divergence in the morning looks like from about 934 on trainers are buying calls. And I mentioned this a number of times. But as a stock trader, this is something you want to look for. When traders buy calls, market makers sell the calls and they have to buy stock to hedge their delta exposure. And they have to keep buying as price increases. They always want to remain delta neutral. So that's Nvidia. Let's go take a look book map now. So here is the reversal reversal hire just before 10 a.m. Just like other stocks. And let's I'm going to clear out these drawings just so you can see this a little bit easier. So you can see the trend break, all the green dots, all the aggressive buyers coming in with their market buy orders, and another little trend Collins consolidation break. So the first target was actually the 160 key gamma strike right here. Nvidia reached that pretty quickly, chopped around in that area, then broke out of that range at the 160 key gamma strike and headed up now to the 165 high liquidity target and continuing to attempt to move higher. So again, remember that semiconductors are strong today. The first was AMD. And now here is Nvidia. Let's go back to hero. Very strong hero signal options traders helping move Nvidia higher. Here's QQQ. Let's zoom in on the morning. And I noticed this divergence with calls as price was dropping. Traders were buying calls and they were also buying puts just maybe in equal numbers. It's hard to tell at that point. Let's look at the total signal. I'd say overall, slightly bearish, then shifted bullish, the total signal. Let's go take a look at book map now. So here's what I saw in QQQ this morning and the reversal hire around just before 10am. Note all the green dots coming in all the aggressive buyers with their market orders by market orders at the 274 C1 level. That's a combo level C1 meaning is the most significant level. And then 275 is a large gamma level and two is the next significant level. And notice also that these are the levels that I'm looking at right now. QQQ is trading well above its volatility trigger. And that is another bullish signal. And then finally, here's the 280 call wall. And remember, I pointed out the importance of the 280 level during the positional analysis. And there QQQ finally hit that target. So order flow confirming the hedging flow and with a clear reversal point and clear target at the 280 call wall for QQQ. Finally, let's take a look at Tesla. Let's go back to hero. Close this. Tesla zoom in a bit. So this looks like somewhat of a rare divergence with Tesla. Price continues to fall. Hero rises a little bit before and then price follows. And of course, if you wanted to trade short from the open, there was, you know, certainly a confirmation with hero and they started, started buying calls first. Okay, so just a quick wrap up. This is what I was looking for, you know, based on my positional analysis. Traders buying puts yesterday, the slight negative gamma in the S&P 500 spy specifically and dropping implied volatility today, meaning that those puts were losing value prices. You know, and I was looking for price to rise. And then as those puts lose value, market makers can buy back their short hedges. And then watching hero for for all these other stocks anticipating a similar behavior, some correlation. So again, I was looking for mildly bullish day long entries. And it looks like there were quite a few good setups. So that's it. That's all I have for today. Thanks for your questions and comments. Thanks for watching. And we'll see you tomorrow. Thanks again. Bye


The following is a presentation of TFNN. The following is a presentation of TFNN. The following is a presentation of TFNN. We'll start with the German Dax like we usually do. Then we'll look at the FTSEE and then we want to take a look at the Hang Seng because we're having a huge move in the Chinese market up 2.5% the biggest move in a very long time. Not unexpected because it's coming off of that 61% retracement level. You can see here we're running up against a little bit of resistance up here at the double top that we could have had from way back on May 22nd. This is an hourly chart on the Dax so that's certainly possible to give a little bit of resistance up in this area. Now, let's take a look at the FTSEE here. You'll notice that here again we're looking at some resistance levels coming in at a ABCD 1.27 expansion but it certainly might not make any difference overall if some of these things happen. But let's quickly look at the Hang Seng because this was at such a critical level here and it's had a really big move and this is what we were expecting thankfully our folks in Hong Kong that we work with each day were able to catch that thing on the downside and got a lot of it started on the upside whether that's going to continue on or not we have to remain to be seen. Someone asked me what are some of the things that I look at that I don't trade that I look at just as far as indicators or giving an idea of what's happening with the market. Well, there's not very many of them because I just basically look at the bar charts.  First of all, as you know, we were looking for the market to bottom sometime this week or excuse me last week with the new moon coming in and the first thing that I look at each week of course is the New York Stock Exchange Index. It's one of the first two or three charts that I post in the newsletter each week. Now this is just a 15 minute that gives you the whole month of May and if you look at this nice ABCD pattern you don't have to count any waves or anything like that. You just look at A at the top, B at the bottom. It rallies up to C which is a 50% retracement and comes down to the exact D point and you'll notice that if you look at this from the high to the low you'll see that it was down 233 bars. Now that happens to be a Fibonacci number but that's just a coincidence folks. All I'm trying to show you is from the high to the low number of bars as it was from the 16th down to the 30th, same thing. 233 15 minute bars basically and all I did was draw in the big ABCD there's smaller ones there. The key to this folks is really what happened on the 31st of May. Do you realize that we made a higher bottoms on here? Look at this, these higher bottoms that we had during this time. The real bottom was on that new moon day. Now it was down really bad and we were hitting 27, 28 was the low on the S&P and that was a lower low by far than it was on the 30th. It was making a 1.618 expansion so there's a huge divergence going on with this particular index at that time. Now what's interesting about this index used to be known as the knife, NYFE New York Futures thing but after tutors stopped trading it it just died and all they use it for now is how they calculate the mutual funds and the values. This is 2200 of the best stocks that are listed in the New York Stock Exchange. There's also foreign exchange foreign stocks listed in here also but these are the most liquid and the best capitalized of all the 2200 stocks. It's not 500 stocks like the S&P it's not 30 stocks like the Dow Jones and it's not 5000 stocks like the NASDAQ Composite or 100 like the NQ. This is the really broadest market and that's why we're looking at it. So that's one of the indices that I look at to get a broad idea. In fact where we are right now is right up to a 78% retracement of that whole move from May the 30th when we made the high up there excuse me April 30th. So whether that means anything or not remains to be seen. Now what I'd like to bring in one other chart and that is the S&P index. Let me get this up so you can take a look at it because as of last night we had a beautiful 78% retracement level and you notice that we had this big shooting star candle well with the news last night whatever it was we went back and we touched that high again today. So it shattered that theory of a shooting candle but we're still up against that 78% level. Remember now we're up six days in a row which statistically means you're probably ready for some type of a correction but you don't know if that's going to happen now or whether it's going to happen at all. Now I did want to we're going to try to have Arch Crawford on this week because he has scared the Bajibis out of a bunch of his subscribers because he has put a major major red alert out about the possibility of award during the month of June and it's not going to be taken lightly because he's given these projections before and not all of them have come true but quite a few of them have and he's been questioned by the federales. The FBI actually asked him were you getting this information and when he told him it was astrological they hung up on him so who knows. Anyway in his newsletter what Arch did was he focused on this pattern that we've seen so many times before it's also known as the T6 pattern that's the expanding triangle broadening top the one two three four five reverse point wave the T6 pattern in the Gartley in Gartley's book and you'll notice that that's where we are. You notice that the little red line there we were 27 52 the week ago last Friday remember we got down to 27 28 on Monday the third and now we're banging up against that 29 level again this morning so this market has certainly held pretty good we have a question here from Ruby says do you have any mark Douglas trading do you have any do you have any participation on the mark oh no no no no Ruby mark moved to Tucson on August 16th or Elvis's birthday no the day died sorry August 16th was the day he passed away on 1996 he'd been coming in my house Pismo and all the stuff and he'd been working with me for quite some time he was just starting the trading in this own book and he just he'd lived a half a mile away so he'd come over every day we shared an office together he had a you know his own office but we basically set side by side all during that time and people would come in to visit him and ask questions but he did everything himself the only thing I might have been interviewed one or two times I had absolutely nothing to do about it when mark does a book Ruby when you see one page and trading in the zone there are eight or nine pages that he wrote to get exactly what he wanted to say on that one page I'd never seen anybody so really wanting to be so perfected you know my books are not like that anyway I hope that helps a little bit you know but it's really I hope that answers your question if not you know and put it back in<PHONE_NUMBER> gold is next 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 the Taz profile scanner instantly scans and filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve Dahl president of Taz market profile the Taz profile scanner understands that in today's technological world the use of top flight software applications automated trading algorithms and technical analysis expertise is essential to successful trading in today's market whether you're looking at the trade matrix the ETF heat grid the market breadth the landscape charts or the many other features of the Taz profile scanner this is a piece of software that will revolutionize how you look at the markets and set up your trades the team at Taz has even put together a 12 part video series to walk you through every aspect of the Taz profile scanner which you can find directly on the Taz order page at TFNN.com sign up now for only $97 a month with the risk free 30 day trial so you have nothing to lose and everything to gain see for yourself how you can harness the full power of the Taz profile scanner by visiting the front page of TFNN.com and you'll find the Taz profile scanner under the services section remember with a 30 day money back guarantee you have nothing to lose don't let another day pass you by without trying out this amazing piece of software that will revolutionize how you look at the market and how you place trades sign up today Steve Dahl and Tom O'Brien have just announced a special webinar on June 19th for all subscribers to the Taz profile scanner that will break down the trade matrix market breath heat grid as well as the three step process you can use with the Taz profile scanner to identify market movers and how to capitalize on that move for all the details and to get started with the Taz profile scanner today visit the front page of TFNN.com with a 30 day money back guarantee you have nothing to risk go sign up today TFNN has launched our brand new website you can still visit and 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<PHONE_NUMBER> okay folks we're going to take a look at the gold market we talked about that possible double top up there 1354 excuse me 1352 we backed off you can imagine well it was 28 we're looking for $34 to come down to 1320 is what we'd like to see the 38% retracement of this folks is 1322 the load of day is 1323 60 and we're trading $4 higher now I've already had three emails saying is that the bottom and the answer to that is I'll let you know in a couple days I don't know it's still a little too early the good part is that it went back and touched the the highs that we made in March you can see that dark black line and all I did was connected that was an equal line and I'd love to have seen it make the 38% retracement at you know down $34 that would be one that I would really like to have but you know this is just a simple technical picture folks it's not anything where you have to count waves or anything like that you can you can see the butterfly bottom that we had down there where we had the triple bottom one two three times we went down to 1268 and then we had the really nice Gartley pattern that happened on the 30th of May and the way it went and this is a bullish chart I mean I don't think it's you know I sold out at 1340 and you know I'll probably have to buy it back higher I guess but that's what we're watching here whether it's going to be the case or not you know we'll have to remain to be seen but I really don't know if that's going to if that's going to be excuse me if that's going to happen or not but the good part nobody else knows either all I'm doing is focusing on the this action here now what I would like to see today we've had a five dollar rally well four dollar rally off the bottom I'd love to see it go down and retest that 1322 1320 level and then I really have a good spot if I buy it here I have to risk another five hundred dollars I don't want to do that so that's the reason behind it we have the same situation going on in the live hogs we talked about live hogs yesterday we had an order to buy live hogs at the August on the August contract and what happened was we didn't get filled we missed it by about a hundred and fifty dollars and what did it do it rallied a little over a thousand bucks and there we are waving the flag and surrender at Mount Sarabachi but by golly we didn't get in that that's my problem because I have to you know the people that I work here the people that subscribed that I care a lot about you know I just can't throw in a market order and say well you know let's pay for the best I've got to give them a spot where you know we don't have to risk very much and that's what I try to do not an easy task by the way and so I get as close as I can sometimes you hit him spot on other times you don't but what I'm looking for in this gold I still think we got a chance at this 1320 and that's the one that I'd like to really look at very very closely now if we had an ABCD pattern from the high there at 13 52 to where we are at 13 23 down 29 dollars then I would really be all over this but we don't have an ABCD pattern there so that's all we have in fact we don't even have a 382 retracement so I I can't buy it I mean I that's just what I'm looking at so I don't know if that's the right thing to do but that's what I try to do you know there's nothing else that I that I can do is to see what's going on with this I have no idea about what's going on with any tariffs or deals that are made I don't believe any of them but that's neither here to there but we'll we'll see whether any of this stuff means anything on a longer time frame or not we are going to have Tim Boss as our guest on Thursday I'm going to do my best to have Samuel Archibald Arrington Hicks Crawford on on tomorrow if not I'll try to have him in on Friday Tom Tom Arch is really he's posted something he doesn't he doesn't go out on a line like on a limb like this very often folks and he is really talking about a potential conflict or war here and you know be able to see whether it's going to happen or not but we'll get Arch on here to tell us what's going on he's had he's made some amazing predictions you know based on astrology and I again I I only know a little tiny bits and pieces I used to think I knew a lot more until I started seeing the stuff that Alphie Levoix and Bill Bill Meridian and some of these other guys do might keep my stuff as simple as possible and I've got to have patterns and ratio along with astrology otherwise the Bradley gives you a little bit of a lead but you need pattern and ratio to determine what the risk is going to be that's how it looks I remember I'll repeat this story because it was one of my favorites back in November of 1989 I saw this monster pattern in astrology that was really exciting and I said no matter what happens I said this is going to be on every newspaper in the world and if it's not you know you're going to get a free subscription to Astro Cycles for a whole year that happened nothing happened in the market but it did hit the newspapers it was the fall of the Berlin Wall believe it was November the 9th of 19 could have been the 7th the 8th or 9th of 1989 and believe me that was a big deal that opened up the world and that was one of the reasons why the stock market after that bottom after the crash of 1987 that was the really kickoff thing is going a whole a whole lot higher so those are just a few of the things that I just like for you to know because I I try to have guests on here that give you a good idea and boy they do have some great stuff I mean you have to admit the guests that we've had have had some really terrific stuff but what I do is relatively simple I've got a few little quirks to it but that takes a little bit of time to learn but it's just basically ABCD ratios and proportion you have to tell yourself that the market repeats over and over again it is predictable within limits that's what your edge is you try to be right about six out of ten times your winners will be bigger than your losers and hopefully you'll catch one or two big ones like we did in gold and hogs and stuff like that but you don't always get that you know but you try to get the ones that you can't we've got a nice start in the the Treasury bond but you know that that could change in a heartbeat because if we get above that the big number that we're looking at in the Treasury notes up above that one twenty eight in September notes you know we could be we could be watching a market that's going to be having a situation where we have negative interest rates in fact one of the things that Arch focused on in his letter was a comment that was written an editorial written in Barron's that's why we really need to get Arch my first thing today after the show is to give Arch a call to have him on the show for tomorrow or Friday at the latest because he really is I respect the guy's work and we want to listen to what he says because you know if we're prepared for it you know we might be able to see something that looks pretty interesting so we'll just do one thing at a time and from here to see what we're looking at here okay someone asked a question about the coffee the coffee's holding up relatively good Ruby but I don't know it hasn't broken out to the upside it needs to get above that 105 level in the coffee and then it could have a pretty good run but right now you know it hasn't really actually it's 106 that we need to get above that level but it's held some pretty good support and some of the other commodities are holding up at the same way and that's about it 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 on the charts and videos that Larry sends out and throughout the week when warranted Larry will send out via charts or videos or both the key markets that he is watching during the day this will be up to the date active trading information that will help you in your daily trading in Larry's first week alone he sent out 25 charts, 6 videos and a full report to his subscribers in just one week if you're a technical trader that uses patterns and retracements to trade then Larry's service Fibonacci 24-7 is something that you must try right now new subscribers can get a full 30-day money back guarantee with nothing to risk sign up now to Larry Pezzavento's Fibonacci 24-7 by visiting the front page of TFNN.com under trading newsletters the path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30-day free trial to this powerful daily trading advisory service 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 in collaboration with Tom O'Brien and using his best-selling book The Art of Timing the Trade Your Ultimate Trading Mastery System David White has programmed an outstanding piece of software that will complement any trader's methodology Using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including garlics, ABCs, butterflies and much more The art of timing the trade charts is designed to help you when scouring the markets many investors spend days, weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee Don't miss out on this incredible new piece of software Get your copy of The Art of Timing the Trade Charts 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 Ok folks, I'm going to post the chart of the June hogs first and then we're going to look at the August hogs showing you the difference why trading sometimes can be a little bit more complex than you might like to think but if you'll notice on this June hog chart you can see the bottom we had down in February we have beautiful three drive to a bottom pattern 786 that was Mother God and Country on this one you have a nice APCD coming down to the 78% level the June hogs did make the 78% level to the exact tick I mean with just a few dollars the problem was because this is June you can't trade June hog well you can but that's really I'll look at platinum in just a minute Ruby but let's take a look at the August hogs you see August hogs had not quite made the let's get this up here I'm going to walk through some trading strategy here because you get tired of just looking at these darn charts anyway you'll see the double top we had up there in the August hogs remember June hogs went about four or five cents higher this was a sign of some pretty good divergence and much like we could be seeing in stock market right now and but if you notice the ABCD to the downside a beautiful three drive pattern coming in at 8160 81 57 the low last yesterday was 882 30 I believe it missed it by just a Harris breath and of course it went to 85 a big move now what what I'm going to do because I miss this order so what I'm going to do now is I'm going to be following it on a what do you call it why are you getting tired of being stopped out Maria that's that's what you're supposed to do that's that when you get stopped out that means you're just that much more to your next trade the day you don't get stopped out is a day you don't use a stop and then you run out of money dear so if you don't use a stop what are you going to do can't do anything but a bang by the boom I get stopped out all the time it's like breathing dear so don't don't kick you got to get yourself a stuffed animal get yourself a stuffed cat and kicking around the house a little bit and be okay don't get a real cat because a ACP people will be after you and you don't need that never had a pet in my life not even a goldfish okay there you go you can you can kick the hubby around that's okay that's that's that's the usual thing okay let's move let's move on to these August hogs because what I'm going to do now is trading around 85 the buy point is about 82 so it's three cents away they could easily go back there and touch it one more time maybe like what we're looking at in gold I don't know the answer to that it's still way too early to tell and that's the key thing that I wanted to tell you that's what the trading part is all about I mean you got it you got a trade set up beautifully you wanted to do exactly what you wanted to do but when it doesn't do it exactly you have to change your you know the way that you're looking at it just a little bit to say how much do I want to buy hogs here and risk three extra cents absolutely not the easiest way for me to do that would be to send the checks directly into Chicago Mercantile Exchange so I could forgo the $4 commission because I do not do very well chasing markets I just you know just not in my not in my bailiwick I just don't particularly you know really care to do that so let's just remind ourselves that that's where we are all right let's take a quick look here platinum I want to do it two-way well I want to do it two ways here's where we were on Friday I want to get it up here and then what I will do is to bring up the platinum live here so we can see it all together and I'm pretty sure that had a pretty good rally I heard him talking about it in the den a little while ago so I think we had a pretty good rally in platinum but I'm not sure which would be unusual because it has been doing the exact opposite of gold no I didn't do anything it says it hasn't even been a dead cat bounce someone said it got to 840 what are they talking about they must be using some of that cannabis stuff that I see on the air quite a bit give me a second here now and I will get with my new system I'll be able to get this chart right out to us so we'll be able to see it and we can see that the platinum has not really done much and here it comes there we go we'll be ready to go here and if you have any questions it's<PHONE_NUMBER> you know platinum is just in this trading zone here between 788 and 835 remember gold is taking out the April high platinum hasn't even moved so that's it that's pretty much some of the things that you're that you're that you're looking at so anyway that's it someone's asked a question about a lot of things that mark has talked about other people you know use and stuff like that folks mark was all for that because he felt that if he thought his stuff was enough to be copied by everybody he felt that that was a really good thing to do and he was all all for that so that's the main thing so that's pretty much I hope that answered your question about the platinum I still think it's got a chance but not much it doesn't look like it's going to be you know it doesn't doesn't look very bullish here considering what gold did we have to be really careful with the gold folks because that could have been a major double top in gold we've seen it before we saw 1375 we could have seen it again at 1352 there was no yes he did he really he traded only traded two hours a day and he only traded treasury bonds that's all he traded didn't trade the S&P he had a little system for trading the opening price and bonds that you know took some money out and that's that's what he was there for and he did that's what he did he had no interest in watching the markets he would put the order in and it never even looked to see what happened afterwards there would be a stop and then the the execution he was right a little better than 50% of the time but was consistent enough to it was a good little system I think his wife Paula still uses it as I recall but that's neither here nor there so we need to pay close attention to what you're doing not what anybody else is doing you're the one that has to take the responsibility and you know you got to put together the things that you like that you can understand and you know some of these guys are so good with using the using moving averages you know Steve Rhodes Tom O'Brien Basil Chapman they do a great job at doing that stuff I I'm not an oscillator person you know I look at just what the bar charts are doing and that's really what I'm trying to do is just to figure out what what I'm doing and that that's really what it's all about so if you have any questions it's<PHONE_NUMBER> I'll be happy to answer them for you but let me have to double check some of these markets because we're at such critical levels up in here today that it's going to be very very interesting day another one that we need to talk about is the fact that the banking index has had virtually no rally power here which is a sort of negative thing to stocks but not much the rest of it looks really powerful to come out of here that bottom on June 3rd at that Bradley bottom that was that was pretty powerful so that still looks pretty good all right let's take a quick look at what we're looking at here so we got up to where we're trading at 2905 now in the S&P 1328 in the gold so that's not going much going on I mean the bonds still look terrible the bonds have had a big break here and what you want to do is watch the 382 retracement here in the Bondolis that would come in here at 15320 up about another 7 ticks we made a really nice ABCD this morning just absolutely spot on at 5152 26 that was from the high back on the 7th the low down on the 9th and then back down again so we'll be right back<PHONE_NUMBER> 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 according to bankrate.com the best rate for a 4 year CD in the country as of February 20 is 3.1% a $50,000 investment at a normal 4 year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the 4 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 4 years which would you prefer $6,200 or $14,000 of interest on your investment if you would like more information about the Tiger First Mortgage Program you can call me at<PHONE_NUMBER> that's<PHONE_NUMBER> will the S&P 500 continue to climb for bold trades on U.S. large cap stocks in either direction trade SPXL SPUU or SPXS directions daily S&P 500 bull and bear 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<PHONE_NUMBER> or visit directioninvestment.com to obtain a fund's prospectus and summary prospectus call<PHONE_NUMBER> 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 okay folks I see that Peter from the E-minity S&P made it 78% retracement so I posted that chart in there for you to take a look at it we're up 8 days the odds of the market going lower on the 8th day is about 85% but remember if it goes up more than 8 days it's in a run and it could go anywhere it wants so it either stops right here at the 78% level or we'll see now we stopped at the NYSE already the cash index but that's some of the things that we're looking at here I wanted to share let's see we might have a caller coming in here here we got a question here from Mr. Z how was your 6th day Bradley has been lining up it's the Bradley model while there's too many questions here the 6th place but you know the only way I can do this Z is to let's just bring up the Bradley so we can take a look at it together and it's lining up pretty nicely and Larry Williams's date came in on the 12th wow that's tomorrow but that's going to be a high see what I did here all I did here this is the Dow Jones industrial you notice and I had the ratios there that I was looking at and we're right at the 78% retracement there in the Dow that's where we went short today but the June 6th date lines up pretty nicely now I don't think you're not going to catch all the little wiggles in here all I'm doing here is I'm looking at an 8-day run into a 78% retracement with divergences and the doubt in the Russell the banking index and the New York Stock Exchange Index so that tells me if the market is not nearly as strong at least today I mean my god look what happened since June 3rd I mean give me a break because this is really powerful so that's all I'm looking at and I'm not you know hey I'd like to be a buyer on anything see Z's asking join the sales before mid-July to monitor time wise no sir I do not I'm not that's beyond my pay grade I don't want to risk that amount you know if I have to make a decision between the 11th of June and the mid-July that's a whole month how much do I have to risk to see that right on that or not and I don't like to risk that much as I entered the fifth furlong you know so we'll see why is that bad thing Peter I don't know what that means but we'll see okay could you Peter could you explain to me what that means about the spite down to low that's just short-term trading stuff folks at 1011 points that's not that's not a big deal the fact that hit that exact number in the S&P that is a big deal because look what happened when we hit the exact number at 2730 on the downside the ABCD what happened there the market rallied 130 handles so yeah it does make sense it is powerful you know but it's not always powerful you know like my grandma said you got to kiss a lot of frogs in the old pond before you find the princess so just remember pucker up and use them birds bees for chap lips anyway the question about bit go by the way folks you know we get some great charts here from the UK and the gentleman that sends those to us his lovely wife they come to visit us several times in Tucson she passed away after a two year bout with cancer and I mean it was a terrible I mean what they went through was this got to be something that not good about that but anyway finally peacefully went away so sent some white light out to her I wanted to share with you a really interesting chart that the rich Anderson was able to stand along because we talk about this expanding triangle pattern quite a bit this comes from a man called Northman trader but he did a beautiful job you know looking at this over the last three years you can see the three drive to a top pattern drive one you know drive two is lower than one three is higher than one and three is lower than two and five is higher than three and or two wait one two three higher than three so then you have that three drive to a top pattern now then he's making some prediction here that you know the bottom that we had here in June we're going to go up and make a new high may or may not we don't know that but that's what he's looking at but the colors are nice it shows you the panels the channels and everything so you know it's a good way and he's got an oscillator up there that I don't quite understand but that's that's neither here to there but it's a nice pattern showing it it's really really quite nice it was a T6 pattern in Gartley's book on the patterns are from pages 200 to 250 and he has him categorized a T is a triangle pattern so a T6 is a triangle with a six handles whatever that meant but it's a T6 and then he had others of course that were breakout patterns and you know the ABCD's are on page 249 of the Gartley book so that's neither here to there now also on the move here we had a pretty nice move in the NASDAQ to get up to that same level so these are really critical levels folks that we're seeing here and you notice that we went all the way just this morning we went from 212 down to we dropped 12 handles so what did we do we rallied right up to a 61% retracement at 2908 and here we are about here we are just jumping around again that's all it is so that's neither here nor there the the key the key market that I'm really watching today is the Treasury bond market because if we can't get above 15320 we're trading at 15316 right now that's telling me that that high that we made back last well it was a week ago we didn't make a new high on Friday we had that divergence but that's telling me that we could be looking at something really significant you know to the downside so the other one that I'm watching of course is the fact that we might be able to get that gold down one more time to that 1320 level because at 1320 you only have to risk $5 an ounce and $5 an ounce on a contract that's worth $132,000 dollars is a good a good risk reward play because when it pays off it pays off you know relatively good regarding the currencies that the Euro and we talked about the fact that that dollar index was at a critical level it's still held you know the Euro is trading at 11317 is hardly backed off at all that's a really bully sign IE bearers to the dollar so all of that means something and folks I don't know anything about the tariffs but I don't think anybody else does either just look at the bar charts and see what's going on our corn our corn is trading at 428 in the Christmas corn we want to buy it at 420 we talked about that you know there's one that's really set up nicely whether it's going to be you know mean anything or not I think it's something that you know you got to have on your watch list this looks just like the gold market maybe you miss a little bit but take a look at the take a look it's exactly like the gold chart in fact they're both the same color orange gold yellow that's sort of a joke but anyway you'll notice the old highs way back in June I drew that line across comes in at 424 the 382 retracement the ABCD comes in at 420 and this was as a Friday we were at 433 we're now 428 right now 8 cents to go if we get down there that's that's where you pay your money and take your choice I mean that's what you look for pattern and in ratio and everything you don't need to know the fundamentals you can never know enough about the fundamentals anyway in my opinion but that's neither here today I had a relatively nasty email from someone telling me that fundamentals was the only way to go and I told him I said I can understand that and I respect your I respect your opinion as Abraham Lincoln once said however wrong it may be 877-927-66 482 and a half minutes to wrap up time boys and girls 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 the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into the best at what I do sign up for mastering probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today if you haven't checked out the newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative up to date affordable and must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks bonds metals commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors Bazel Chapman has a special subscriber webinar coming up Wednesday June 12th at 5 p.m. called the Tide in this webinar Bazel will be demonstrating techniques that can help one identify whether the tide is coming in or going out that is whether a trend is bullish or bearish in a variety of time frames and Bazel will be speaking specifically to indices currencies commodities interest rates and key stocks the technical tools that Bazel will be discussing are available on almost all software packages that will be shown in historical context as well as live for current market setups identifying the key trend allows one trade with the tide rather than against it subscribers also gain immediate access to three archived workshops so you can get started right away when you sign up for all the details on the opening call and Bazel's upcoming subscriber webinar the tide this coming Wednesday visit the front page of TFNN.com and sign up today this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of TFNN.com okay we're back folks and I've almost got it lined up to have Arch Crawford on tomorrow to talk to him about the situation that he highlighted in his newsletter about the strong potential for a war sometime between the third well actually between the 16th and the 30th of the month of June the last two weeks he's made predictions like this before and he's better than 80% accurate so we're going to have him on and listen to what Arch has to tell us to remember folks some of this stuff does not come to fact I mean the Y2K thing back in 2000 Arch really thought that was the end of the world and he had enough food for like three years and stuff but it didn't happen but we had a lot of fun with him after that but some of them do you know and you watch it and follow the charts and maybe you can find a great situation I appreciate the folks that emailed me yesterday about buying the options in the gold and made a lot of money over the last big run up so that's great doesn't always happen that way but we'll see what happens we'd like to get back in that gold you want to be waiting for 1320 in the gold folks 1322 1320 is the area we're watching so you pay close attention that we'll look at that again tomorrow also and again we will have Tim Boss on Thursday he'll be chatting with us again and then next week we will have Stan Harley on and then also Bill Meridian we'll get back to some of our regulars towards the end of the month as we move through the section in here so that's basically what I'm looking at any other questions today the treasury bonds the key level is 153.20 that's a 382 retracement it would be equal to the rally after the big drop on Sunday night we're down two handles from the high which is a couple thousand bucks that's quite a bit someone's asking about the key levels in the S&P if we get above 29.20 it's off to the races it can go anywhere it wants to and if we get below 28.70 that means a major top was in today at that 78% level remember the NASDAQ did not make the 78% retracement nor did the Dow Jones industrial rich nor did the Russell so there's a tad divergence live every day in an attitude of gratitude and may God bless