So, in this video guys, I'll guide you into earning the complete solo legendary clothing set. How's it going guys, my name is DPJ and if you enjoyed this video, leaving a like really helps out and if you'd like what you're seeing once you're more cyberpunk on a daily basis, be sure to subscribe. Also, people, I am giving you guys the chance to win any game of your choice. To enter my weekly giveaway, simply drop a like on this video, leave a comment down below and make sure you are subbed and good luck. So, the solo clothing set is spread out across Night City, hidden within places you can just travel to and grab these items. They include the titanium solo tech-guks with tactical software, the heavy shock absorbent solo jacket, the ultra thin composite print solo shirt, the reinforced cinnabar solo erasers and the gold tipped manganese steel solo boots. With these items and the locations to each which you will see in a second, you obviously want to get the best role for each item. And an easy way to do this is to simply create a manual save before picking it up and keep reloading that save until you see that item which is perfect for you with those max mud slots on them. And the max mud slots for each item you can see on screen now. Also guys, and I will mention this in every video I do where I do complete sets of legendaries, although they ain't needed, I would seriously recommend you equipping yourself to reinforced tendons which are leg cyberwares. These allow you to double jump and make looting much easier. These can be obtained from Victor, the very first Rippaducky currency in Night City. So yeah guys, I will leave you no timestamps to each legendary pin at the top of the comment section and a link to the video description and I hope you guys enjoy the video. If you do leaving a like really helps, I have to feel new around here and want to see more cyberpunk on a daily basis, be sure to subscribe and if you never want to miss a video upload, you can turn notifications on by hitting that bell button but guys thanks as always for stopping by and hopefully I will see you on that next one.


T F N N headline news update Welcome back folks. You've got a welcome to the this is the Steve Rhodes and this is the 2 p.m. Update Don't worry. I'll get my thoughts in order here But what I wanted to share with you is all the U.S. and she's our trading to the upside You've got the dollop 175 the S&P 35 Nasdaq 143 Russell 40 Semi 63 trannies 163 New York Stock Exchange one and a quarter Nasdaq composite 179 Wilts your 5,422 points out there the spot Politics back 65 cents. She's trading at 1633 golds of four bucks. Let's go take a look at our Indici charts out here So give me a moment just to switch over to those screen because what we'll do is we'll make a those numbers What are the levels that you want to be monitoring that will provide us with information? And it's really about two charts that show up here You've got eight charts, but it's the NDX 100 third over from the left up top and the price close above yesterday's high That was the TD nine count high that threshold high is currently priced at 157 2975. That'll never change We're printing right now at 157 42 What is a close above a TD nine count top beam when you didn't even have a hiccup? It says strong momentum move underway doesn't mean that price can't pull back But I would say strong momentum move to the upside and the same is true with the socks now with regard to the socks It's the high from two days ago that high out here. That was October 26th. That was 34 27 90 We're 34 25 right now But if the socks goes above that that level and the NDX goes above that level you've got breakout messages strong momentum move messages to The upside in those two instruments inside the doll You still have a TD nine count top prices above its green oscillator and change line That's really the level that it's targeting out here and the same is true with the S&P 500 It's trying to target its oscillator and change line in the case of the S&P 500 if it closes above the high from two days ago that high level is 45 98 53 it's off to the races out there as I take a look at the Russell 2000 the TD nine count top a two-day wonder took price pretty much back to its breakout level at 22 44 out there price above its green oscillator and change line the close above 22 81 says it wants to continue to move higher We've covered the socks the trannies have got no pattern out here of a top Although I'm sure I can find an A to B equal CDs somewhere spot politics nothing to look at there You've got gold up a few bucks four dollars to speak of the XAU was pulling back. Why it's normal. It's natural It's that oscillator and change line it changes colors And what happens is we see price and that line catch up to each other And if we see a test and rejection of that level folks What you want to do is back up the truck and load up on those mining equities Don't do it now wait for the test Steve Rhodes with TFN and folks day two and you've got two more great hours your favorite polar bear David white He's up next Tom will Brian. He'll take us on home. I'll be back with you tomorrow 8 o'clock 8 o 6 to be exact We'll see you then


community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. The following is a presentation of TFNN. Trade what you see with Larry Pezzavento. Call now toll free at 1-877-927-6648 or internationally at<PHONE_NUMBER>. Now Larry Pezzavento. Okay, folks, this is Billy Ray Valentine going to give history of trading for the last 36 or 48 hours, folks. Trading in an emotional state is very difficult and I have been going through a whole lot here. As you know, I'm planning a trip to Terre Haute today. I was supposed to leave at 5.30 in the morning. That was canceled because of the flights in Kansas City and also here in Tucson. It just doesn't work out. But I got news real late last night that my brother-in-law had fallen, broken his ribs and he's now has an infection and he's in really bad shape. He's only 78. It's the only boy that my sister Karla has ever dated. I mean, they started dating when they were 13. Anyway, I had to cancel all that out. So, nothing else I can do about that. I was Saturday night. I went to Scottsdale to visit a client, a very, very dear friend and his wife. They were having an anniversary. They invited me for their dinner up there and I did. I got there early at 5. They got me out of there a little after 7. It's a wonderful, very, very expensive place. I mean, each person I think was over 250 a person. That's enough to feed a family of eight for a month, pretty much around here. Anyway, I got back to Tucson. It was about 9.30 at night and I was getting off the freeway and out of the corner of my eye, I knew something was not right. So, I swerved to the left a little bit and a giant semi had evidently missed the exit and it was going off the exit ramp at about 60 miles an hour. He didn't miss me by a quarter of an inch. I mean, it could have just literally been the end of it. And then when I get home on Sunday, the storm started yesterday. I think it was around, I think it was around 2.30, 3.30, something like that. And our electricity went out for well over 15 hours. It finally came back on and got that up and running and got a phone call from my sister telling me Michael was not doing too well, all that stuff. And then just recently in the last hour, last Friday, one of the big things that we do here in Tucson is we try to play poker Friday afternoon and then also on Sunday. So Friday afternoon, I go down to play and a young fellow, he knows who I am but I don't know his name or anything. His name was Gilbert. He sat next to me and he said, hey, I know you play the horses and you're pretty good at that. Sometimes I am sometimes and he says, well, I got $60 and I'm going to go to the track today. And he said, I'd like to make a bet. And I said, what track are you going to? And he said, I'm going to California. And I said, that's for tomorrow, right? And he said, yeah. I said, okay, I said, what are you doing? You find out who are the best jockeys, okay, pick the three best jockeys and find them at a good price, five to one, six to one, eight to one, the higher the price, the better. I bet a $12 trifecta or superfecta. It'll cost you $12 to $15. I showed him how to make the bet, pick the numbers, shouldn't take very long. And I said, all you're going to lose is $60. Said you might get lucky and hit one of them. And if you do, you're going to be in good shape. And so he asked me my name and I told him, I didn't even tell him my last name. About an hour ago, he's at the front door and after this big storm and everything, I don't know how he got my address. Well, I did after I asked him. I said, what's up? And he said, do you know how much money I made on Friday? And I said, no, how much money did you make? He said, one of those groups that you picked paid $5,565 for a $12 bet. And I said, good for you. And he offers to give me some $500. I said, no, no, no, I said, I can't take that. Anyway, I mean, this is what I've been going through one after another. I'm waiting for any minute now for my sister to call me with some bad news. On top of that, I've been trying to think that there's been a top of this market. I posted a chart here of the E-mini S&P, or excuse me, the Cash S&P. That has not changed. The Dow Jones one has not changed. I missed something very important in the Dow Jones that I should have considered, especially because I thought the top was going to be yesterday on the 17th. And it certainly wasn't yesterday. That was out of the bailiwick of that. But if you take a look here at the Dow Jones, what I missed was this ABCD pattern that is up here, right up here where it made the high here. They're 35,000, 100, almost 35,200. That was the same high that we made back here several months ago. You'll see that's a big, it's a really nice ABCD. But I missed that one. Now the Dow Jones one is pretty much in vogue. The Nasdaq is still correct. The Russell is still correct. And so I still think there's a chance for a top in here today. But it's doing it without me, folks. I tried it again once this morning and I lost and that's it. No more. I'm not going to try it anymore. For main reason is the emotional state that I'm in going through all this stuff. I can't handle it all. Most of it's pretty good. But boy, I still, it's really rocked my world. Okay, now let's take a look here at the gold market because this is one that I really, those of you that get the 24-7 letter and also the videos, you know how timid I was about taking profits in this. Hold on. Let me get this up here so you'll be able to see it. Just give me one second, Al. I'm working as fast as I can here. Okay, there's the gold market. You'll notice here, this is a four-hour chart. This little pullback that we made here yesterday last on Friday right there at 249 was a 382 off of that low right here. And so I talked about that as being a really substantial low that it could be really good. I didn't cover the position, ended up taking a loss in it. And that does not make me happy, but there's nothing else I could do about it. And none of it was storm-related because it was already moving in the direction it was supposed to be going. So I have no excuses there. So I don't have excuses for anything, folks, because I put stops in for you guys. And yeah, you might lose two or three times in a row, but over the long haul, you're going to do all right if you do all the trades. That's the whole key. So that's the main thing. Now, the big thing that we have to focus on today, it's not the stock market. It's not the stock market, folks. It's that foreign currency market because that is many, many, many, many, many, many, many times bigger than anything that the stock market has. So let's take a quick look here. Now, this is the, let's get this up here. Hello, Larry. Let's get the right chart up coming in here. This is the dollar index on the daily basis. Now, I want you to see, if you notice here down at the bottom where this D point is, you can see we made a slightly lower low here in the dollar index. And now you can see we've already rallied quite a bit. That's a relationship of the euro, which is 53% of the dollar index and then the others. The British pound, which was the weaker one, that was the one to sell. We pointed that out to you last Friday. So that's what we want to do now is we've got a commercial coming up, but we get back to this commercial, what we have to think about, and this may or may not mean anything. Sometimes they do, sometimes they don't. But let's take a look at what this dollar index looks like on the weekly charts, because this is the one that can really scare a lot of people that are one way upside down or some of these markets. But there we have a perfect ABCD pattern right at the exact 61% retracement. It just doesn't get any closer than that, folks. And that's why those currencies today coming in were a sale, not a buy. And they've moved especially the Japanese yen. If you'd have done that one, you know, those big bucks up. The euros made a tiny amount. The pounds made almost a thousand bucks. But that one here is pretty tough. It doesn't make up for the loss in the gold because, you know, we had a thousand dollar profit in that. And then our stop was hit. And that was, oh, don't tell me it's more commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60 minute webinar archive. He just hosted forex strategies and fundamentals. What is behind the Tiger Forex report? For all the details and to start your 30 day Tiger Forex report subscription today, visit the front page of TFNN.com, TFNN Educating Investors. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. 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Call now toll-free at 1-877-927-6648 internationally at<PHONE_NUMBER>. Okay, folks, I want to talk about this chart of the dollar index. That's a combination of, about 22 different cross-rates, but basically it's the euro, the pound, the Swiss, the Canadian dollar, and the Australian dollar that covers most, and of course the Japanese yen. That's number three. But those are the ones that we want to be watching. We've already showed you the Japanese yen last week about how powerful a move that was. That one's had a tremendous move, also based on those 3A2s. But as you can see here, as we were setting here last night, we made a slightly lower low in the dollar index. Okay, this is when the euro, and I'm going to post this up here and show you what was happening at the euro at that time, because that was giving us a really strong indication that this was probably going to be it in the euro. So let me get this up here one second, and we'll be ready to go. Shane Smolian will be our guest here, thewolftrader.com. I hope to have a couple other guests this week. Maybe next Friday, for sure. We're going to have, well, nothing's for sure, is Peter Elides. Peter's on vacation right now. As you'll notice, and what is a vacation? Oh, that's when you take time off. Anyway, you'll notice here the 1.618. You see how it makes a slightly higher high here? This was in the middle of the night. Just as that dollar index made a slightly lower low, there was about 25 pips. It lasted for maybe two minutes, and boom, down it went, and now it started to come down. Now, this is a very oversold market, as you can see. It went a little bit higher than expected. Now, the pound, the yen have just gone absolutely, they've had tremendous moves to the downside. The euro hasn't had that yet, but this is the area where you should be looking at, just like we're looking at the stock market. I've been wrong, and, you know, I haven't been long, but I've been wrong. Anyway, that's the name of that game, so not going to worry too much about it. So anyway, that's why you have to worry about these things here, because if you don't follow the three major cross rates, again, the euro and the pound, you're missing a big deal. Now, I want to talk just a little bit about breakouts and running markets, because we're going to have to cover that when we do our day trading session on the 2nd of August, which will be a lot of fun. First, we're going to look at, this is the mistake that I made in the euro, excuse me, in the gold one second here, folks. Folks, I have had probably four hours sleep in the last two or three nights. We had virtually no air conditioning here all night last year. It wasn't bad, but the sirens, the sirens everywhere in the city were just all night long. And anyway, you'll see, yesterday Friday's low was sitting right at that 382 retracement, and I said in the video that I sent out, you know, watch that level, and I didn't cover it. I just put the stop here. Of course, it kept going and going and going went a lot higher. That's what's frustrating is that you have this position on your basically long during this whole area here, and then you get short this distance. It's not so bad that you take a loss, but you miss that whole move to the upside because you didn't buy it. And the way to buy it is when it breaks through these numbers, like you'll see that 1.618 number that's up there, it went $1,500 higher than that, folks. I mean, that's the real key to why we're watching some of these things. And the big one was today, was early this morning. Just look at this one. Here, I'm thinking the market could be bearish, okay? It's down slightly, and I mean very slightly, which I should have realized, but this was before. First of all, I was not able to even see this because I didn't have electricity until later, but there's right before the opening here. I didn't have electricity until about a half hour after the open. You can see there was a 382 off the low we made right back here. All right? It was 50% of the low from right here. And we went, wait, look at this. Every time you, if you had just bought when it made a new high, bought when it went through 127, bought when it went through 1.618, every one of those would have been a good place to do it. And it never gives you any heat. You see, it just keeps exploding through there. We've got to cover that on that August 2nd timeframe because I thought it was going to be related to the grains. It might be related to the stock market either up or down. That I don't know, but we're going to have a lot of fun on those two days for sure. So those are some of the things that you've got to think about, you know, while you're, while you're doing these trades, because that's how they set them up. I don't, I try to look for two or three trades a day and when they come up, you know, that's fine. And if they don't, I just pass and wait for the next day. But today when I came in and everything was happening, I had the one trade that I had to do, which I already had an order in on. Couldn't do anything about it, which was the Dow Jones. I lasted maybe 15 minutes in it. And then I moved on to the next one. Of course, the pound was still working okay. And the crude oil was still working okay that I had on, which is doing all right. But I did miss that last run up in the goal, which is a little bit, a little bit scary. There's only one other chart that really has me, has me concerned because of the fact it's been so strong with the Dow up that much each day. I want you to see the hold on if I can just get it up here. Oh, dear, where is it? Oh, no, no, no, don't do that to me. I can't find my, my chart on the, on the Dow Jones transportation. Because even with all of this movement, 350 points up in the Dow, the Dow Jones transportation has not taken out Friday's high, which is a 38 week cycle high. As you know, and I think I've got it right here, and I will show it to you in just a second, because here it is right here. Bear with me here, boys and girls, and we'll get this one up here. So you can see it there. We're going to have a set for you now. We made, we did not make a new high today as of yet. We still might, but we haven't yet. That, that still confirms that that 38 week cycle high is coming in here right now. This emotionalism that we're seeing in the markets, folks, I believe is the Dow Jones. That's been the leader. It started off and again, you know, just took off and ran and ran and brought everything else with it. And it's mainly, I missed that ABCD on the weekly chart. They were staring me right in the face and I didn't even see it. I get so consumed about that Fibonacci number in the cash S&P, which has not been violated by, you know, less than 1%. So that, that tells me that maybe this still could be the high. Maybe I'm grasping at straws, but hey, I was at the same position back on March the 5th of 2009. And I remember Tommy O'Brien was telling me, he said, not, not Tommy O'Brien, big Tom senior. He said, man, he said, you've got lots of courage buying stuff down here. And I said, Tom, if you don't grow up from here, I should turn in my chart pencil and get a job as a dealer at some poker room. And we laughed about that.  But anyway, that's what you've got to realize, folks, is that you're going to be right. You're going to be wrong. Some of them are going to work and some of them aren't. That's basically the bottom line. Let me, here's, here's something I was looking at this morning after the data came up. And I said, gee, this looks like a really interesting trade. I didn't have data coming in until about half hour or so after the, after the opening. But look at this small, this small pattern that we had here in the wheat. It was just absolutely perfect. The pullback this last night stopped exactly at the 61% retracement. The rally during the day stops exactly at the 61% retracement. You can't make these numbers up. Look at that beautiful ABCD to the down move. That's a 70% rally in wheat, folks. We got part of that, which was good. Anyway, that's what we're watching here today. We're going to have Shane Smollion, the WolfTrader.com coming up who's done an incredible job calling this bull market here. And I'm anxious to hear what he has to say. But with this emotionalism, the fact I thought it was going to be the 17th, maybe it's the 18th, and maybe I'm really 100% wrong. But I will not, not enter this until I get the break and then the retracement that I'm waiting for. Then I'm going in. I don't need the pressure, don't want the pressure, not going to take the pressure. If every day in an attitude of gratitude and may God bless, let's stay tuned for the Shane man himself. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. To take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. 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For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN, educating investors. Watch Tiger TV. You see this basket on my left side over here? You can see it on the head. That's where my head is. I lost 150 points in the Dow Jones today in a trade that I put on Friday after the market closed, because I couldn't get into my data because of the flood, or not the flood, the storm. The storm, yeah, it's crazy. But I'm okay. Everything's good. I've just been so lucky these last few days. I should play a lottery ticket, but let's go. Please show us what you got, buddy, because you've had some really good calls here. Sure. Let's start by talking about the inflation data. I just want to bring this to people's attention, because we've been talking about this for a while in terms of the economic indicators. I did a webinar last Saturday about artificial intelligence and how it's really important to start looking at these markets through the lens of artificial intelligence. This is from many different layers. This is from the Fed and quantitative easing, and this is from everything down to these CPI reports now. I've been talking about this trueflation model. This model is interesting because it's a real-time CPI model. It's not a perfect model. Neither is the CPI. I think most people agree that the real inflation is more than 3%, but the point of this is that this model has been leading the government report by about two months. I think last time on the show I talked about this, but I do think that the actual government report will be at 2% by October. We actually did get this 3% reading the last report. This was an event on the markets. It was a major event. Obviously, it's been pushing higher on this report, but this was not really a surprise because we had been tracking this. I actually spoke with a few people about this months ago, too. They were asking me about inflation. I said, well, inflation pretty much follows the M2. I mean, you have other issues, supply chains, and other things that come into this, but in reality, that's the big driving factor of the inflation. Of course, we know that when we go to the store and healthcare and housing and rent, it's higher than 3%, but this is what they're reporting. If we want to be able to predict what's going to happen, I think it's useful to at least consider some of these models. Now, of course, the Fed has a much better model than this, but just something to think about, because in the past, we really didn't have this advantage to be able to look at this data in real time. And so now it gives us an advantage on the side of the retailer or the consumer that we can actually see this stuff in real time, whether it's accurate or not. It's actually leading the government report. So that's going to help us understand, get a better idea of where we're going with this. So it wasn't really a surprise to me that we saw this 3%, although it was to a lot of the market analysts. And I do think it will continue to come down. Now, the one thing that I do want to point out to people is that I came, I think last time I was saying that I thought that would be this big surge when we hit the 2%. I think this might have been the big surge that we just saw because the big shock came at that 3%. And if we really are at 2.1% right now or 2.2%, according to this model again, I know the model is not perfect, but let's just say this is the model and the government's following this. If we're at 3% right now, there's really not much more room to go here. We're talking about 0.8%. So that might have been the biggest shock that we just saw in terms of euphoria, positive sentiment, blow off type rally. So I think that maybe this was the actual blow off here in terms of the positive sentiment because the sentiment is through the roof right now. And so I do consider this at times. I did feel that this was going to be the sentiment because a lot of these numbers are coming in worse now. The retail sales came a little bit worse. And I like to personally follow the blogs. I like to look at the blogs of these people that go through these theme parks. So I feel like that's a good pulse of middle class consumer. And this is the first time, Larry, that we're actually seeing Disney World empty and we're seeing Universal Studios empty. Now that's saying a lot in the summertime because during Memorial Day and 4th of July, that's usually a busy time for these theme parks. And there's nobody there. It's a ghost town.  And some people feel that people are processing Disney for all of this woke culture and all this stuff. But I think it's more than that because Universal's down too. So I think these are things to look at now. I think the economy is slowing down. There's this euphoria now that nothing bad is going to happen. It's a soft landing and all this stuff. But I don't think so. I think we're starting to see some real slowdown now in this economy. Now, this CPI report, if you extend this out, I felt I've been feeling since February, March that we would be at 2% by August. And so that this model is showing around 2.2 right now, I do think we'll hit the 2%. And then if there's a two month lag, that means that the government will report 2% right around October. So again, this is just another tool to consider. But I think we should look through everything as much as we can now through the lens of artificial intelligence and real time data. Because I guarantee you the Fed has a better model than this that they're looking at. And that also means that we can kind of think about what their moves would be into the future. Like if they know that the inflation has been coming down, that's going to help us understand what they might do in some of their next meetings. So that was just a little topic that I wanted to bring up to kind of put it out there and put it in people's minds that maybe we should change how we think about things a little bit, because the world is changing. Now, if we look at the S&P here, S&P is still pushing higher, of course. You can see that we've had these series of higher lows here. Same thing with the NASDAQ. The 50 is still above the 200 is pushing higher. NASDAQ is pushing up to the 786 level up into here. So this is really getting very close to the all-time highs again here. So this has been quite the impressive rally on both fronts, on both the S&P and the NASDAQ here. So that is still pushing higher, of course. I do have the Wolf Trader Wave. Now, I had talked about this before. This is a wave forecasting model that I built based upon, I looked at the positives and the negatives of many different wave counting systems, and I came up with my own concept here. And so this did hit a high on the week of July 7th, and it's confirmed down until August 11th. So this says that this could still be heading down. And so I just want to caution people about that, that I think we are overextended here. When you look at this on multiple fronts, we are really stretched here, really stretched. And we have that positive euphoria to go with it with that CPI number. So I think everything is in place here for some type of a medium term high. The NASDAQ, of course, is still outpacing the S&P on a relative basis. And then we had looked at, I look at the Vixi, and I like to look at this as a Paris trade with the S&P. This has been long S&P since March 22nd. That's a long time to be in a signal. And the Vixi is pushing down to extreme levels. Now, I don't look at extreme levels so much. I do look at the Paris trades, but at some point this will turn. In my lifetime? I think so. Hey, I want to ask you a question when we come back to the break. We'll be right back with Shane Smollion, folks, WolfTrader.com. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, 4-Side Fund Services, LLC. This program is brought to you by VistaGold, traded on the NYSE American and TSX under the symbol VGZ. Okay, we're back with Shane Smolian, WolfTrader.com. Shane, you mentioned that there's not very many crowds at Disney World and stuff. Yeah, it's empty. I like to watch the blogs because the people walk through the parks. I don't like to watch the news reports or any of this press release because they exaggerate everything. And they're making excuses now. They're like, oh, well, it's hot now. Well, it's hot every summer in Orlando. I know there's a heatwave, but the prices are high. But the point is, it's not just Disney. It's universal too. And they're empty. They're like ghost towns, which is very strange. And I used to have annual passes when my daughter was small. We used to go three or four times a year. And every time the economy would slow down, I would see the crowds thin out a little bit. I would use that as a pulse. I've never seen this before, Larry. I mean, there's nobody there. I mean, it's the middle of the summer. And yes, there's times when there are people there. But what I'm saying from terms of Disney, usually you can't walk. It's thinning out, I guess you could say. It's for Disney, it's thinning out. So just something I wanted to point out about the economy, I think it's something to pay attention to. It's something that I have watched in the past as a barometer. And I think, you know, just something to think about. Well, I know that Disney senior world is fewer wheelchairs and walkers than normal. So maybe that's the same reason, I don't know.  If you did really well with Drexel, you got what we call a Disney pass. It was from Roy Disney and Laura Disney had their accounts at Drexel there and Beverly Hills. If you did really well, you got a bonus that when you went to Disneyland for a party of four, you never had to wait. You walked right up to the front of the line. And that was always on a birthday and stuff.  Let's get to talk about the markets. They're really coaster enough for anybody. So let's get back to the markets, my friend. Okay, well, so we have been talking about the Fed internals. This went into a buyback on October 28. And this is really when I saw this big change of character in the market in terms of what's going on with the Fed. Now, this has been rising for some time now this market has been choppy. A lot of people have pointed out that this is if you're like a wave person, this is more a corrective type of behavior. I know you have a lot of wave counters come on the show. This is still definitely more corrective behavior here. Now, we've had a series of geomagnetic storms here really hasn't done too much damage compared to what it did last summer. I mean, we just had one last night and it just ignored it today like it didn't exist. Now, a couple of things, the astro is negative right now. Okay, the market, there's no doubt, pretty much no matter how you look at this, from multiple models, you know, there's this Venus retrograde coming, there's the Saturn cycles, there's the transits. I mean, there's many different planetary speed index. It's negative. But I know that when the Fed is strong, that the market can ignore these transits, it can just keep going up. We're starting to see something here that I haven't seen in a long time, which is a big negative divergence forming on this Fed juice here. And this is a cause for concern. So back here on June the 1st, 23, you can see the Fed internals peaked out here and they've been falling ever since. Now, it looked like it was trying to hook up, but it's still falling here. When this happens, the market comes back to meet that point where that divergence starts. And that's about 4278. This is the first level that I think we're going to come back to once this market gets out of La La Land here. But this is a very reliable divergence that I've followed. And I think this is going to be the level that we're coming back to first. And then there are a series of gaps in here going all the way down to the 4200 level and even well down here into this 4,040-100 level. There's a series of gaps that at some point they're going to fill. So we still haven't turned yet and the market's still pushing higher each day. But this is a cause for concern because if you don't have the strong Fed juice behind it, and the Fed juice, by the way, it's still in a buy, but there's an erosion happening under the scenes here. And so when that happens, you can get sudden drops. You can get these waterfall type of quick reversals on the market. So I would just tell everybody right now, be very cautious on this market. This is not the time to be long on the market. And you guys know that I've been bullish since October and I'm very bullish. I was long the Nasdaq for a long time. This is not the time in my opinion to be long on this market. There's a lot of danger signs here. So just be careful. And even everything from, like I said, that euphoria concept is something to be concerned about. Now, I do have the regular, the Fed use here, which is the neural network. This is the actual trade signal here. This has been in a buy since 420. But with those internals eroding like that, I think there's a good chance that this Fed juice, this is going to go into a sell at some point here. I think in the next few days, the planetary speed index is in a sell, the quad lunar cycles in a sell, the polar R-square hooks in a sell. I mean, you have everything here giving you a warning sign to be careful on this market. And again, if I don't see the support from the Fed, from those internals, I get very suspicious about the market here going forward. So the planetary speed index, for those of you who don't know, this is a composite that I use to track the speed of all the planets. And I also include the hypothetical planets, the uranium planets. And this gives us an idea of the flow of the market. And the market tends to flow. When the planets move fast, the market tends to go up. When the planets are slowing down, particularly when we have a mercury station or stationary planets, it tends to fall. This is an example of the 1987 market crash here. And you can see the planetary speed index is in this continuous sequence here where it's falling and falling. And then during the biggest fall here is when the crash occurred in 1987. And there were some other markers here. I guess you could say like the mercury station and the Venus-Uranus hard aspect. But this is a good indicator. And this is falling too. So if I look at this planetary speed index right now where we are, it's falling. And so it's been falling for some time since July the 4th, July 21st, there's a low, it comes back up. And then it falls again all the way out into mid August. And August, since 2010, August has actually become one of the worst months for the markets. October is still traditionally one of the worst, but August is not a good month. So I think we are not out of the woods here on this market. And again, I just don't think this is a time to be long on the market. And believe me, most of the time I do think it's time to be long on the market. Larry, you know this, I come on the show and I'm bullish all the time. This is just not one of those times. And so I would just caution everybody to be really, really careful out there if you're long on this market. Because I think there's a lot of warning signs here on this market. Now long term, I do think that this has the potential to be headed higher. But in the short term, I think because we have all of this declining astro and because we have these internals that are eroding here, this to me says that there's a good chance we're going to come back to this level first. And then whether we keep going down from there is really going to remain to be seen. But this is a time where, like I said, everything's kind of on the plate for a blow off type of a scenario on the market. So just be cautious out there for sure. Caution is my middle name. All right. Geomagnetic activity. So these are some recent storms here. They hadn't really been doing too much. We had some G4 storms. They did stop the market rally. We had a G2. We just had a G1 storm here. The market ignored it today. It went higher. We just had this full moon perigee, although the market is still pushing higher here. But once we get out of, let me just point this out too. Once we get out of July, July is the low point for these geomagnetic storms. And then it starts to pick up again. So last August, we got some pretty big storms that came across that pushed them. The market was trying to rally back up and it got slammed back down again in August. And then we get into October. That's going to keep rising again too. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN Educating Investors You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? 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Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com. Then hit watch Tiger TV. This chart here is a chart from last summer. This was the last time that we had a market that looked like it was never going to stop going up type of a thing like we see now. We had that full moon perigee. Notice here we got a G3 geomagnetic storm right at the high of that. We've been seeing these little storms come, like these little G1 storms. I think if we get a G3 storm or higher, it's going to be serious trouble for the S&P and the NASDAQ. I think there's going to be a good chance of a decline. The intensity of the storm plays a lot into this. Usually you need a G3 or higher to really turn this market, but we have a similar setup here. I just want to put a word of caution out for everybody. I also have a combined Saturn cycle that I've been looking at. This thing peaked out in early July. I know that the market is still pushing higher, but this is still on the decline here, guys. It's going to keep falling and falling and falling for a few months here. Again, when I see a Fed that's weakening and I see the Astra that's falling, it would only take one or two big geomagnetic storms to really send this market lower. Just a word of caution out there to everybody. Hey, listen, my friend. You did a great job. Thank you very much. We'll have you on again soon and live every day in an attitude of gratitude. May God bless and keep those cards and letters coming in, Shane. You do a great job. Your webinars that you have every weekend are just spectacular, so I hope folks pay a chance to watch that. Stay tuned. We'll have you on in a few weeks, okay, my friend? Thanks, Larry. Have a great day, everybody. You bet, folks. We'll see you tomorrow.


Personal finance PowerPoint presentation, risk terminology. Get ready to get financially fit by practicing personal finance. When thinking about our personal insurance strategy, our goal is to lower or mitigate risk, which can be difficult because risk represents something that's gonna happen into the future. No one has a crystal ball. We don't know what's going to happen in the future, but we would like to get an idea of what risk is and then how we can measure risk as best we can so we can use our tool of insurance to help us to mitigate risk. So risk is the chance of loss or injury. Now that means, of course, loss or injury that could happen into the future. That's what chance is implying here because if I was injured at this point in time, there's no chance that would be after the fact at this point in time. So we're talking about possible loss or injury into the future. Now, if the probability of that loss or injury goes up or is high, then we would like to have some kind of coverage to help us out with that and or if it's not likely that it's gonna happen, but it could possibly happen. And if it were to happen, it would be a catastrophe for us possibly financially. Then even though it's not likely to happen, we might want to insure against it. So because of the extreme level that it could have, if it was to occur, for example, so that's another area where we might have to be insurance and note, we have to kind of balance those things out. How likely is something to happen and then how much of a catastrophe would it be if it were to happen to try to get a plan about the insurance without getting too completely paranoid about thinking about the future and all this stuff. So uncertainty or lack of predictability. So clearly when we're thinking about risk, there's a risk because we don't know. We're talking about something that's gonna happen in the future or may happen into the future. So all we can think about is probability or likelihood of a possibility. Peril, anything that may cause loss. So that's gonna be fire, windstorm, robbery, accidents. Hazard, anything that increases the likelihood of loss. So when we think about the term peril, we're thinking about the actual item, the firestorm, the windstorm, the robbery and so on. And if we think about a hazard, then if we're going into an area where it's more likely that there's gonna be robbery, those are gonna be more hazardous kind of situations. For example, driving drunk or a defective wiring could be a hazard. So clearly driving drunk is a hazard because it's gonna increase the possibility of the car accident, defective wiring is a hazard because it could increase the cause of a fire. Most common types of risk. So we're gonna put the risk into our categories of the personal risk which could include loss of income or life caused by illness, old age or unemployment, property risk, loss of property, caused by perils like fire or theft, a liability risk, losses caused by negligence, resulting in injury or property damage. So these are just the categories that we can put the risk into. Now note when we think in terms of insurance, how can we use insurance to help mitigate these risks? They can't really compensate us for some of the things that would be involved here. Obviously insurance if you had a claim can only compensate someone with basically money with some kind of tangible value at that point in time. So for example, if there was a loss of income, then some kind of insurance if insurance was to cover that loss could then replace some of the money which would be good but if there's a loss of life then clearly the insurance is not going to replace the loss of life but it might be able to replace some of the income streams and so on and so forth with regards to that loss of life. So clearly we can't use insurance to mitigate in other words all risks in life and when there is gonna be compensation from the insurance in order to compensate for the loss because we have some insurance against it, it has to be in some kind of tangible terms which is gonna be generally money kind of compensation. So obviously again if we had like an illness or something like that and we got sick and it was covered, the insurance isn't going to stop us from getting sick, right? We might want to do our own kind of medication to prevent that from happening but it might help us to give us the money to deal with the treatments when sick and so on same with the property. You might say well there's nothing that can replace that house and all the memorabilia that was in the house and so on and so forth and that's true. So obviously we want to try to prevent a property from burning down or something like that. Take cautions that other personal cautions to prevent things from happening but if it was insured then we might be able to get some financial compensation, some money to replace the loss of the properties. We then have the concepts of pure risk and speculative risk which we'll talk more about shortly but for now just note that the pure risk is typically the type that is insurable whereas the speculative risk is generally not. When we're talking about pure risk we're talking about types of things that either don't happen and you're okay or they do happen and you have loss so you really only have downside if an event happens. So if there's a fire that burns something down either the fire doesn't happen or it does happen if it does happen you typically don't have a gain you're gonna have a loss at that point in time whereas speculative risk means that you could have a gain or loss such as going into business for yourself. You might have income, you might have a gain or you might have a loss or for example gambling. Let's talk a little bit more detail about pure risk. You can find this at Investopedia. Take a look at the references and resources online. This is by Julia Kagan, updated May 10th, 2021. What is pure risk? Pure risk is a category of risk that cannot be controlled and has two outcomes complete loss or no loss at all. So that's what the pure risk is. That's the types of things that we might have insurance against. Either something happens and you have a loss or nothing happens and there's no loss as opposed to something happening and you get a gain from out of the situation. So there are no opportunities for gain or profit when pure risk is involved. Pure risk is generally prevalent in situations such as natural disaster, fires or death. So clearly if you have a house and a fire happens not in the fireplace that might be a gain but the whole place burns down then there's no gain involved there. You might get recompensated by the insurance and so on but generally the insurance is based on the fact that it's a pure risk. Death clearly when death happens there's only loss at the point of death. So it either doesn't happen at this point in time or there's a loss that happens. So these situations cannot be predicted and are beyond anyone's control. I can control, maybe not. Pure risk is also referred to as absolute risk, understanding pure risk. There are no measurable benefits when it comes to pure risks. Instead, there are two possibilities. On the one hand, there is a chance that nothing will happen or no loss at all. So if nothing happens, then that's the good outcome.  On the other hand, there may be the likelihood of total loss.  Pure risk can be divided into three different categories personal, property and liability. There are four ways to mitigate pure risk, reduction, avoidance, acceptance and transference. The most common method of dealing with pure risk is to transfer it to an insurance company by purchasing an insurance policy.  Again, you gotta kind of measure the pros and cons of this. If you're in a place that has absolutely no likelihood of a wildfire you live in a place that rains every other day or something like that. Then you probably don't need the fire insurance even though if the fire actually did happen and burned down the home it would be a catastrophe type of event. But if you're in a place where it's not likely that your house is gonna burn down but you're in a place where wildfires do happen so there is a likelihood of it happening and if it were to happen, it's a high probability it's gonna be a catastrophe type of event financially then you would think the insurance would be more likely something that you would want. So any instance of pure risk are insurable. For example, an insurance company ensures a policy holder's automobile against theft. If the car is stolen the insurance company has to bear a loss. So clearly you don't want your car to be stolen. If someone steals your car there's only downside to it. The likelihood of it happening is low but if it does happen it could be a substantial event given the value of the car, the cost of the car and therefore insurance might be appropriate in that situation. However, if it isn't stolen the company doesn't make any gain. Pure risk stands in direct contracts to speculative risk which investors make a conscious choice to participate in and can result in a loss or a gain. That would be things like gambling or starting a business. So that way there could be a loss there's still risk that there's a loss that could happen but it's not a pure risk because you could have a gain there hopefully and that's what you're hoping for. Types of pure risk. Personal risk directly affected an individual and may involve the loss of earnings and assets or an increase in expenses. For example, unemployment may create financial burdens from the loss of income and employment benefits. So identified theft, identity theft may result in damaged credits or poor health may result in substantial medical bills as well as the loss of earnings power and the depletion of savings. Property risk involves property damage due to uncontrollable forces such as fire, lightning, hurricanes, tornadoes or hail. The hail's no good. Liability risks may involve litigation due to real or perceived injustices. For example, a person injured after slipping on someone else's icy driveway may sue the medical expenses, lost income or other associated damages. So if any of those things happened, then obviously you have a loss that would be happening. If they didn't happen, then you would typically be better off and therefore those are things that are somewhat predictable. You can put some stats into the future and so on with them and possibly could be insurable. Ensuring against pure risks, unlike most speculative risks, pure risks are typically insurable through commercial, personal or liability insurance policies. Individuals transfer part of a pure risk to an insurer. So when we think about the insurance, if we get a little bit more sophisticated in the thought process in terms of exactly what we're doing, we can say, okay, what am I trying to do here? I'm trying to mitigate my risk. It's a pure risk. I could see that because I could see if this event happened, there would be only loss. What's the likelihood of this kind of event happening that's difficult to calculate? How big would the loss be if it were to happen and then try to make your decision in terms of is it worthwhile to have insurance against that from happening? For example, homeowners purchase home insurance to protect against perils that cause damage or loss. The insurer now shares the potential risk with the homeowner. Now, obviously some of these kinds of things you might say, why do I buy insurance? Because the government makes us buy insurance, which kind of, and that kind of happens too, but it kind of dumps down us as citizens when that happens because then we're making, it's like choosing not to smoke because someone told you that you can't smoke or something like that instead of saying, well, maybe I'm gonna do it on my own accord because I've weighed the pros and cons, which I would think would be a much more healthy thing to do. So the fact that, so there could be other reasons, in other words, why we buy insurance because we're forced to buy something like car insurance and other types of insurance might be required to do certain transactions. But if there's requirements weren't in place, we'd still want to buy insurance in certain instances due to the fact that we're mitigating risk and we most likely would wanna go through this more kind of thought process of what kind of risk is it, what's the likelihood of the risk, what would be the benefits of insurance in that case. So pure risk of insurable partly because the law of large numbers applies more readily than to speculative risks. So when you think about the insurance company side of things, obviously they can't predict what's gonna happen to one individual but pure risk is easier to predict what's gonna happen to a large group of people. And therefore when you put a large group of people together they can then come up with policies that are gonna be reasonable or they can make money with based on the fact that the large numbers are predictable and they can make competitive policies which could be beneficial for both the policy holder and the insurance company can still make profit. Insurers are more capable of predicting lost figures in advance and will not extend themselves into a market if they see it as unprofitable. So obviously the insurance companies need to make a profit with this speculation and that's generally what you want. You want the insurance companies to be competing with each other to try to make profits to try to give the most affordable insurance which means they have to have the best better and better predictions about what's gonna happen in the future than other insurance companies and they can do that with their actuarial tables and their complicated prediction methods they're gonna have. Speculative risk, unlike pure risk, speculative risk has opportunities for loss or gain and requires the consideration of all potential risks before choosing an action. For example, investors purchase securities believing they will increase in value. So clearly when you buy a stock or something like that you're speculating that it's gonna go up in value but it could also go down but the opportunity for loss is always present. Businesses venture into new markets, purchase new equipment and diversify existing product lines because they recognize the potential gain surpasses the potential loss. So when you're in that kind of endeavor you're measuring you're trying to think about what's gonna be the likelihood of the gain versus the likelihood of the loss. So now let's dive into the speculative risk in more detail. This can be found at Investopedia. Speculative risk, take a look at the references, resources continue your research from there. This is by Lucas Downey updated June 3rd, 2021. What is speculative risks? Speculative risk is a category of risk that when undertaken results in an uncertain degree of gain or loss. So we're not just on the loss side of things that's why it's less insurable, less predictable in terms of large number of kind of calculations. In particular, speculative risk is the possibility that an investment will not appreciate in value. Speculative risks are made as conscious choices and are not just a result of uncontrollable circumstances. So typically when we're talking about speculative risk we are involved in the process meaning if you're talking about a fire burning down a home we were somewhat involved in terms of where we chose to live and the likelihood of fires being there and so on but obviously that's more kind of came out of nowhere that the fire burns down the home or something like that. Speculative risk involves us speculating and of course we're gonna be speculating typically with the eye towards getting a gain but having potential for a loss. Since there is the chance of a large gain despite the high level of risk, speculative risk is not a pure risk which entails the possibility of only a loss and no potential for gain. Almost all investment activities involve some degree of speculative risk as an investor has no idea whether an investment will be a blazing success or an utter failure. Some assets such as an options contract carry a combination of risks including speculative risk that can be hedged or limited. So you get into when you start talking about investments of course then you can start thinking about strategies within the investment to mitigate your risk to hedge against your risk. So understanding speculative risk, a speculative investment is one where the fundamentals do not show immediate strength or a sustainable business model. Instead, the trader expects that the price may rise due to other reasons or that future prospects will outshine the present circumstances. Such as security may have a high level of possible upside but also a great deal of risk. This may be a penny stock or an emerging market stock that the trader expects to become much more favorable in the future. Some investors are more speculative than others. For example, investing in government bonds has much less speculative risk than investing in junk bonds because government bonds have a much lower risk of default. In many cases, the greater speculative risk, the higher potential for profits or returns on the investment. A speculative risk has the potential to result in gain or loss. It requires input from the person looking to assume the risk and is therefore entirely voluntary in nature. So we're talking about something we're speculative again that we are actively kind of engaged in in trying to measure that risk. At the same time, the result of speculative risk is hard to anticipate as the exact amount of gain or loss is unknown. Instead, various factors such as company history and market trends when buying stocks are used to estimate the potential for gain or losses. So speculative risk, oftentimes we apply that to open in a business. We're gonna invest in stocks and bonds or we have some kind of gambling that's taking place, possibility for gains and losses in place. You can do strategies to kind of hedge or mitigate your risks as you engage in those items and go that way. And then you've got the pure risk, which is basically if an event happens, you only have kind of like the downside and those are the risks that we typically think that we want to insure against, especially when there's a likelihood that they could happen even though it might be a smaller possibility, but there's still one there. And if it were to happen, it would have big consequences on us financially. Those are the areas that we can try to mitigate with insurance.