From the SiliconANGLE Media office in Boston, Massachusetts, it's theCUBE. Now, here's your host, Dave Vellante. Hi buddy, this is Dave Vellante and welcome to this special CUBE Insights powered by ETR. We've been running these breaking analysis segments and today we're going to talk about some spending data that shows that there's continued interest in hyper-converged infrastructure. So we've been running these segments over the last several weeks. With our partner ETR, they've got a database of about 4,500 IT practitioners and CIOs. They go out quarterly and ask spending intentions and so we've been sharing that along with our opinions. These are completely independent segments. I want to disclose that a number of the companies that we're talking about today, Nutanix, VMware, Dell EMC, Cisco, HPE, they sponsor theCUBE, but they have absolutely no input into editorial. They don't affect our opinion in any way, shape, or form. So let's get into it. I'm here with Stu Miniman. Stu is an expert in this field. He's covered the space. Stu, let's look at some of the fundamentals. What do people need to know? Alex, if you put up the slide, Stu, maybe you could talk to it. Yeah, Dave, thanks. I've been watching you have some fun with this. I enjoyed swimming in some of the data here and as you know, Dave, we've been watching since before hyper-converged infrastructure or HCI was a term that everybody talked about. We were looking at how these hyperscale trends are going to impact the enterprise we put out our servers and research years and years ago so we know all of these companies really well. And despite the latest AI and cloud and everything, the data shows HCI, the simplification of the data center, building out what we would call true private cloud is important today. So right, we wanted to know when you look at the data, first of all, how are the vendors doing? Who are the leaders in this space here? There were a whole number of startups that came in this space. When we first analyzed the market, it was companies like Microsoft and VMware that own the operating system. We thought it would be hugely important. If you look in the big names in this environment, Dell partnered with everyone. Of course, they bought Dell, bought EMC, which included a stake in VMware. What's that relationship with Nutanix? How is that shaping the market? As well as how is cloud impacting things? Both from a spending standpoint, has cloud sucked away revenue from HCI as that specter has overhung everybody in the IT space? And also, how does HCI fit into multicloud and how does that fit? Okay, great. So thanks for that setup, Stu. Now let's get into some of the data. Alex, if you bring up the slide, the next slide, this is spending intentions for Nutanix, VMware and some other vendors. I'll go through that. But it's basically showing Nutanix and VMware are fighting it out. You know they're in this internecine battle and social and there's a war going on because there's big money to be made here. So for those of you familiar with these segments, this is data from Enterprise Technology Research from their July 2019 spending intention survey. So they're asking about spending intentions for the second half of 2019. The end of the survey out of the 4,500 people on the panel, 1,068 responded to this survey. So on the left-hand side, you see the vendors. Nutanix, VMware with vSAN, Dell EMC with VxRail, specifically, then SimpliVity and then Springpath or Cisco. So what the chart shows is what we call NetScore. And NetScore is calculated by taking the red on the bar, which is we're going to leave the platform. That's the dark red. The lighter red, which is we're going to spend less in the second half. The gray, which says spending is going to be flat. The dark green or the evergreen, which says we're going to increase spending in the lime green, which is going to add to the platform. You take the green minus the red, you get NetScore. Higher than NetScore, the better. You can see Nutanix and VMware with vSAN are leading the pack and then we'll go through that. But then you see shared accounts. That's the number of indications for spending that they received out of those 10.68. So Stu, what is this data telling you? So first of all, Dave, it confirmed kind of the general market share numbers that we hear out there. The vendors that track that on quarterly. VMware has the most customers, has the largest revenue, and their largest partner for that, of course, is Dell. VMware and Dell go to market, joint product development, joint engineering, joint go-to-market, and it's the biggest piece of the vSAN. So that's where we specifically wanted to look at the vXRail and vSAN and vXRail doing very well. They're adding new customers. It was interesting to me that you saw vXRail kind of ramping up a little more on the, you know, attracting new companies, but also look to be losing some on the tail end of the dark red, as opposed to vSAN in general, is a little bit more stable. We know how many thousands of customers they have out there and VMware is a software story, as opposed to vXRail is that full appliance. Nutanix is the second horse in this two-horse race that we're really talking about here from HCI. There's some discussion in the marketplace after two quarters being down. Is Nutanix showing weakness? What's happening there? The most recent quarter announcement was Nutanix is doing well. Seems to, you know, they had a little bit of change as they're going through their move to a software model and sorting things out with sales and marketing and their channel. The data here shows that the second half of the year looks good for Nutanix. So to some of the questions I asked in the first slide, Dave, you know, Nutanix and VMware, of course the clear leaders in this space. SimpliVity, which was of course bought by HP, Springpath, which is the Hyperflex from Cisco are far behind those two out there. And it seems that even though Dell and VMware are fighting very much with Nutanix, that is not, you know, heavily dampening Nutanix's from the respondents in this survey. Okay, and just a word on the data. So you see 184 shared accounts for Nutanix, 174 for VMware and down the line. Only 42 for SimpliVity and only 18 for Springpath. It's in Cisco. It's an indication of the size of the install base. Obviously the more shared accounts, the more mentions, the larger the install base. Again, they're statistically significant. ETR does a very good job of that. Let's look at, oh, actually I want to make another point here. So how are these net scores? Let's put them in context. The hottest net scores we've seen recently are Snowflake and UiPath with 80% plus net score. Okay, so that's really, they're off the charts, they're growing like crazy. We saw Salesforce with 55%, you know, so in Workday, sort of in there as well, companies that are growing share. So SAP in the 30% range. And so you see the Dell EMC VxRail, that's kind of holding serve. You know, it's not like dramatically gaining share, but you know, they're growing a little bit. And I think a lot, Dave, it shows to the maturity of this market. HCI is not new. Both Nutanix and VMware have thousands of customers, specifically with Visa, and we're talking VMware. So it was more when I saw some of your charts, you know, Microsoft has a similar net score. You know, well-liked, good install base, still growing and the like, and brings in the discussion of when we did some cross-section of the analysis looking at cloud companies and how does this impact their public cloud spend? Is this, you know, detracting if this customer is also doing public cloud? And the long and the short of it is VMware and Nutanix are pretty much the same, if not actually a little bit better when you talk about a customer that's looking at their overall cloud spend. So to me, that really signals that both VMware and Nutanix are doing a good job into how their solution fits into a customer's overall, you know, hybrid cloud strategy. All right, let's take a look at the next slide, which is talks to time series. So this is hyper-converged infrastructure, spending intentions, again, for the second half of 2019. Over time, so the July 19 survey you can see is the most recent one. We go all the way back to January 17, and you can see Nutanix on the top, VMware, Visa, and on the bottom. We just selected those two. We're just repeating the net score and the shared accounts. And you can see these things tend to bounce around a little bit. You can see Nutanix maintains a lead, but the market's starting to converge. These two companies are coming together. We hear a lot about VSAN doing very well. It's kind of held on. You can see a slight downward pressure in July and the July survey, it's unclear what that means. That could be an indication of just some uncertainty in the marketplace, some economic macro concerns, tariffs, or potential headwinds there. So there could be some uncertainty there, but what do you take away from this slide? Yeah, first of all, right, as you showed, Dave, VMware is a bit more steady. Nutanix had gone up for a bit and come down. Both of them staying relatively stable, somewhere between kind of 45 and 55 lately. A little bit, if you look at the overall trend, Nutanix is down. VMware could surpass them from the net score in the future if this trend holds, but both of them doing quite well. When you looked at all the other vendors in there, of course, the scale is just showing 40 to 70%. If you put all the others, which are down much lower, you can see once again, that kind of the clear leadership, these two companies just strong lead, does not look like there are any challengers in this space that are ready to be a clear number three yet in the market. But Nutanix, at one point, had no competition. Now VSAN comes in, and of course- Well, absolutely. So no, it's impivity and scale computing, and there were a whole host of startups. There's all the brand new startups in the space, everything from little companies like Diamante, Pivot3, who was around doing this before it came. So there's always been a lot there, but Nutanix is the one that separated from the pack, the only one in this space that's gone IPO, but VMware's there. Microsoft, one that they rebranded their Azure Stack HCI for what they put in the data center last year. So expect Microsoft partnering with all the big server manufacturers to push farther into HCI, but really has not directly impacted this market too much just yet. But there's definitely been some pressure on Nutanix from an earnings standpoint. Stock's been hit. You've had some executive departures. There's some rumors about acquisition with Google. Your thoughts on that? Yeah, definitely. So, John Furrier, you just had Dheeraj Pandey, the CEO of Nutanix, inner Palo Alto studio, leading up to the Copenhagen show for Nutanix that I will be at. Sure, Sunil Poti, who was basically the number two at Nutanix is now working for Thomas Kurian-TK over at Google Cloud. My indication from what I hear, he is not over there to help broker a deal. Sunil had a great run at Nutanix. There was a clean break there, but there is a mostly new executive team at Nutanix now a couple of years past the IPO. And the team at Nutanix, they have their platform. They have a bunch of SaaS offerings that they're doing there. Do they have a relationship with Google? Absolutely. They had Diane Green at one of their events a couple of years ago, they did joint engineering. But I actually saw that engineering effort cool off a little bit in the last year or so since the new regime came on in Google Cloud. So, does Nutanix have a lot of enterprise accounts and know how to work with the enterprise? And could that be a boon to Google? Absolutely. But the personnel of a Nutanix executive over at Google and Brian Stevens is the CTO of Google Cloud being on the board of Nutanix. I do not think that that is telegraphing that an acquisition is going to happen. It could, we see lots of big acquisitions. Nine or $10 billion for Nutanix could be interesting for Nutanix and help them get in a lot of places and help Google, but Dave, I going on record say I don't think it's going to happen. I don't think Cisco is going to buy Nutanix. Infrastructure's not the real push for Chuck Robbins and that team. And at the Google Cloud event, Dave, that we were at, we saw Sanjay Poonan from VMware up on stage, touting how deeply VMware is going to partner. So, both VMware and Nutanix are partnering with all of the clouds. VMware, of course, has a very deep relationship with VMware. They're going deeper with Google. They are even partnering with the old enemy of Microsoft. So, I would give VMware definitely has a deeper and more public relationship with all the public cloud providers, but Nutanix is also partnering and expanding their portfolio to give themselves good growth beyond just the core HCI market. HPE is another one. So, Nutanix and HPE are working together. Kind of the enemy of my enemy is my friend. Nutanix was not at VMworld this year. They kind of booted out. So, they belly up to HPE. HPE loves having. They have their as-a-service offerings and Nutanix is one of those as well as Nutanix and sell the HPE. So, as the Dell relationship is likely going to dial down over time as Michael Dell and the team want to sell more Dell hardware with VMware software, HPE is another. And they also partner with Lenovo on the Nutanix side. All right, Stu, bring it home. What are the key takeaways on this cube insights? Okay, so HCI is a two-horse race right now. There are interesting companies to look at beyond the two, but if you want to understand who the leaders are in this space, it is VMware, especially with their VxRail and Nutanix, are the two leaders in that space. Really looking and understanding how they're expanding into multi-cloud and hybrid cloud solutions. VMware very much with their VCF offering, which packages VSAN to go into the VMware cloud offerings and Nutanix with an interesting strategy both with how they really spread some of their services like what they're doing with ZyCloud as well as some SaaS offerings which some of them really have a disconnect, not in a bad way, but just are not tied directly to the hardware.  Nutanix has done quite a few acquisitions too. So your second point here, what's the impact of Dell VMware versus the Nutanix badly? You're saying not a significant impact on spending intentions yet. I mean, there's clearly some evidence that those two markets are coming together that VMware is pressuring Nutanix, but why do you say yet? What do you expect? I mean, is OEM deal with Dell? It's the OEM relationship. There is a huge pipeline of Dell hardware with Nutanix software and they're at loggerheads. So absolutely the Dell family, Dell EMC and VMware are doing all they can to dial that down. So they put pressure on the channel and even some of the most loyal Nutanix channel partners that work with Dell have had pressure to do more and more VxRail. So I expected to have impact, but just as, Dave, I'll dial back the clock. You probably remember when EMC had a relationship with HP and HP killed the OEM of EMC storage, EMC storm back and got a lot of those accounts. Same thing happened when EMC and Dell broke up a couple of years before the acquisition. So Nutanix is storming to go with with HPE as one of their server partners and do their. So can Nutanix keep their growth and momentum going as Dell is no longer their biggest partner? Well, they're fighting of two front war. They are one with Dell VMware. They're also fighting the war with the public cloud guys even though they're partnering with the public cloud guys, right? They're sort of taking that cloud model, but of course it's on-prem. So you say, how does public cloud affect HCI spending? Not a significant impact on spending intentions yet. Is it, can I infer from that that you do expect there to be pressure on that second front? Yeah, so as I've talked about before, Dave, when we look at VMware and VMware gives the VMware cloud in AWS and say, great, that gives me a nice path to be able to use public cloud, but maybe I don't need some of this VMware licensing and software in there. The question for Nutanix is very similar. What services do they have? How do they become more sticky in customer environments? And absolutely they're driving a roadmap for that and working with their customers. Well, I think about Nutanix is that customers are really happy. Their customers really like Nutanix. They like the simplicity. And I've talked to a number of Nutanix customers that are very happy in that regard and they have a leading product in that regard. But they're aiming at the multi-cloud space and they play there. You make a really good point. The killer use case, what did HCI deliver? It delivered simplicity. Today, if you talk about public cloud in general or even hybrid or multi-cloud, simplicity is not how you would describe this. So can the customers that did the company that did HCI, so VMware, Nutanix, HPE, and Cisco, they're all fighting for that hybrid and multi-cloud environment. And if they can help deliver simplicity of management, simplicity of leveraging my data, they can be successful in that space. Okay, so you're sort of positive on the multi-cloud, their position in multi-cloud, even though they're not one of the big five. Yeah, and the good news for a Nutanix is that they're growing off a much smaller base than, say, VMware, when you say they have five or 600,000 customers, hey, how big of an impact will public cloud have on them? All right, so we don't pick stocks, we're not making recommendations. But do you feel like it's overdone, that it's undervalued, independent of the macro? Do you feel like the pressure on Nutanix is warranted or do you feel like it's got legs? So, I feel Wall Street tends to over adjust when they go through things. When I talked to my friends on the Wall Street stuff, definitely Nutanix took more of a beating probably than they should have, but they had two quarters that weren't great. And some of that was the management changes, they blamed that they couldn't hire sales and marketing fast enough, something we'd asked if you're a company in the valley and you've gone from a few hundred people to a few thousand people, how do you keep adding good quality people? That's challenging. So, yes, I think we've actually seen Dave in the last week or so, Nutanix has been one of the fastest growing stocks in the tech market. So, they're adjusting some. So, I still think Nutanix has plenty of room for growth. The question is, what's their path to say $2 billion or is it an exit for $9, $10 billion down the road? All right, so great stuff. Thank you for that analysis and thank you for watching this episode of theCUBE Insights powered by ETR. This is Dave Vellante for Stu Miniman. We'll see you next time.


The broadcast is now starting. All attendees are in listen-only mode. Good morning, traders, and welcome to the Bookmap ProTrader webinar series. This is Bruce at Bookmap. We do this webinar series, I don't know, once or twice a quarter. It depends. And the whole idea here is, well, we have a network of traders out there and just doing some excellent work and have them come in and present to you how they trade and what they're looking at. All sorts of different traders out there, different strategies, different setups, different instruments. And this is for you guys to learn from the professionals. So today we have Jay Trader. He's going to go through his Bookmap analysis and setups, and he has some live stuff to show as well. The risk disclaimer I need to go through here, trading futures, equities, and digital currencies involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. Jay Trader here, just an intro. He's been trading for quite a while since 18 years old, staying up late. And he's gone through options and into trading just massive volume and also a lot of day trading and scalping, which is he had Bookmap back in the day when he was looking at level two instead. And then now Jay Trader focuses mainly on futures, U.S. equities, and options, and is the main trader at the small cap room. So without further ado, here is his content or contact information. I've copied this. I will put it into the chat so that you guys can, here it is, so that you guys can simply click on the links or copy the information. If you want to reach out to Jay Trader and talk to him about his trading. All right, so Jay Trader, let me turn it right over to you and take it away. Good morning everybody. Yeah, we can hear you just fine. Okay, you should be able to see my screen over here of Bookmap. Yep. Okay, perfect. So welcome everybody to the webinar. First of all, I want to start, last time we spoke about volume imbalance, volume divergence. So you can go watch the previous webinars on bookmap.com. We spoke about institutional manipulation, algos, so algorithms, how the big hands trap the retailer trader. Okay, so you are basically a retailer. And it's very important. Bookmap is a useful tool without a doubt. And I will tell you how to have a better edge. So first of all, how I set my template over here. You can go over here settings, study configurations. The most important aspects for me are having the volume dots that I used to be double, smart over here, transparency, volume imbalance. Okay, I put the VWAP, large lock tracker, you can put it, cumulative volume delta over here for setups below. And then this right panel. Okay, so first you have this column, COB current order book. You see how to make it, configure column, you press plus, and then you go choose the one you prefer, in this case, current order book. And it shows you the liquidity. Okay, so the orders at each level. So on the ask, okay, and on the bid. Here on the right, you have another one, you have current order book, but this is a cumulative volume. So each level is the sum of all the previous levels. And you have to put over here aggregate. Okay, this means right now, price is quick here. This morning we were shooting AMPE is 112, 113. We have 36,000, 113, 4,000 at 112. But if you sum 13, 36, 12, 56, 20, you have this amount on the right. So right away, look traders, 113 take 10 cents above, so 123, and 10 cents below, 103. 103, we have a total amount of 270,000 shares that want to buy. Okay, or maybe they're over there to cover a short position. At the same time, 10 cents above, 123, we have twice, almost twice that amount, 480. Okay, then we have over here on the right times and sales. And I like to have two different types of times and sales. Let me show you. First of all, I like to see block orders. So I will keep minimum size 3000. And this I'm only talking for the small caps. If I trade Netflix, Tesla, Baba, VA, Nvidia, Apple, basically those are the main caps that I trade. I will put this to 1000 shares. And then I have a normal time sale. So default, okay. You can minimize minimum size, put 100 or 200 shares as you prefer. I put one, I mean, I want to see basically this speeding up green when I want to have a long position or speeding down red when I want a short position, or I'm waiting for a panic sell-off. On the chart, each dot, even if in the beginning I see traders telling me, this looks confusing, no. Once you learn it and it takes really one hour to learn all the features, then you're ready to take a next step and learn the strategies. So you see these big dots. When you have big dots means you have a very high volume size. In this case, we have 555, 898,000 shares traded at this level. And you see that when the market opens 930, we have a big soak. So this big red dot means that we had a ton of sellers, but we had a big buyer, so the big buyer over here that he was simply holding and then absorbed and pushed the stock all the way up. So I'm going to do like this in order for you to understand this better. Okay, so this over here is a big soak. This is the trade. We're still in. Took a screenshot and I'm in with probably the majority of the traders in small cap room. I also recorded this, so we'll be later tonight on YouTube. And we are waiting for that push. When I saw this push, I knew already that I was looking to short into a daily resistance, 150, and you see over here we had, liquidally, 232,000. So a big seller. And remember this big seller, because you will see it later again. Then we had another big seller over here. Okay, this time there was 23,000 over here. So once I saw this stopping, once I saw this, you see over here what I did? I took my fill, two-thirds position in. So right away over here, 137, almost up tick. I was risking this 140, so three cents of risk. And then we started to unwind. Once I saw this consolidation, so you're here 130, 132, I'm gonna enlarge a bit. I took another short exactly over here, into this 129, 128. So I added one-third. And then after this, I was looking, is this algo over here pushing down, so coming more down. Okay, I add a little bit more over here. We had this push. And from this moment, I said, okay, this is gonna work, because I had algo moving down here. See, 107,000. So means that over here, we have one big seller or big hand that is pushing down the stock that wants to top it. So basically, there's a one that we go back up again anymore. This red line is the V-Web. Okay, so you know that the V-Web, we will have buyers trying to long over here. And below, we'll have short sellers looking too short. I cover half of my position over here, 114. So exactly over here. Okay, because I saw, exactly over here, because I saw traders, this one, that in this moment, we started having some support over here, some support over here. And we had a lot of green on the tape. I knew that this was only a bounce, but at least I wanted to take half profit. I was already in for 910R profit, risking 3 cents and made an average 134, 135. Cover 114, I made like, yeah, something like 8R, 7, 8R. Came up again over here. And I was waiting for another algo showing, okay, resistance. And at that moment, we had this push 942 over here, started to reject near the V-Web. Then another push, you see the algo over here, 233,000, is the same one that we had this morning at 150. It's always the same big hand trader institutional or algo, whatever, is the same one. So always see this, that moves, it comes down. So logically, if you have somebody that wants to top the trade, wants to sell, wants to dump at 150, that that after moves at 125, means that he wants to push it more down. He wants to get definitely filled or top it for more unwind, probably below one. Going over, we started having exactly over here a push to 1007 to the V-Web and look how it works over here. So exactly over here, 118, I took an ad. So basically what I covered over here, I re-added over here. And then I started from that moment again, looking, are these algos you see over here, 230, you move over here at 130, are these algos starting to come lower? Yes. Because you can see that from here, went to here, went to here, and went to here. So now it's stopping, already cashed half of my position with members, then re-added and now waiting for a dump. So my overall trade, I'm looking for 15, 16, are returned. This is how Bookmap, one of the strategies that I use on Bookmap, on faders, the same thing for the long side. So meanwhile, I just want to update you, I'm using this 118 as my trail. So my average now is 126. If I have 118 push over here to start chipping, I'm going to get out.  Over here, we have 10238. Sometimes it can be the same big hand dumping, and this is dumping hard. So beautiful trade, we'll send tonight update also on the live recording. Now I want to show you something more. So some different aspects on how Bookmap can help you. And remember, you can use this for futures. I know that rooms will have other traders explaining it. I trade personally this on big caps and small caps. Excuse me for just a moment, Jay Trader. I just want to interrupt for just a moment. I know that his resolution on his monitor is very high. So you might be seeing some very small text. So in go to webinar, go to the top left, and you'll see there's a zoom tool there. And then you can zoom by, and it says scroll down, click on that, scroll down, go to zoom to, and then you can either select like 75%. That's working well for me right now. Or you can even, you know, select another percentage or custom and put it in a percentage. Okay, so yeah, try that. And then once you have that, you can just left click and hold drag on the on the screen there. So you'll be able to like zoom around very, very easily by left click holding and dragging. Okay, so hope that helps. Sorry, sorry to interrupt, Jay Trader. Thank you, Bruce. Okay, traders. Yeah, this is basically a 4k that you see right here. 43 inches. So again, open this was a stock that we played a couple of weeks ago, years, price 121.25, big soak. Okay. So this level over here, you see a big soak means hidden buyer, absorb all these shares that traders sold, and he pushed it the same exact setup, if you remember, that we had today over here on A&P. Big soak, you see it? Big soak over here, big dot and push.  So trading is not that you have to imagine the price section, you have to find a strategy. So what I do every day is teach a strategy with exact entries and exits. Over here, we have a rejection. And again, you see this big liquidity, big ask coming in. And then you can take your shore for all downwind. Okay. Again, we have a first 150 big heat map. This is called heat map. And then we have a second one. Okay. I'm going to zoom in for you traders. A second one over here that has big heat map at 140. Same as today, 150 and then one lower. Let's look another example. Okay. So this over here was KODK. Remember traders that in the past week, we had a big mover, KODK, trade a ton of volume. This stock tends to extend. So as a former runner, tends even to trade 200 million plus on a day is one of those stocks that simply can rip. So very careful to trade something like KODK. First of all, example over here. Again, soak, you see that we have half buyers, half sellers. The reason is we had sellers from the previous moves. So these are the bag holders that want to get out. Also, these are the short sellers that are pressing the bid just in the open that they want to fail. At the same time, we have buyers and hidden buyers over here that start pushing it. Okay. So we see soak in a big push in pre-market at seven o'clock. Look over here what happens in this area, 9, 80 and 10. We have one resistance, second resistance, third resistance. So all together over here, we have a pretty good liquidity, but this stock is grinding vertically. So this seems a parabolic move. And look over here, they try to soak it. Okay. So a big seller over here tried to soak it short seller and dump it. Now buyers who are stronger, you can see the breakout and then still fuel this long. Okay. So it's not only that heat map will be a rejection or a bounce. It can even like be a continuation follow through if the liquidity that we have over here, so the buyers prevail, so the demand on the supply. Okay. Another example on KRDK took different examples on this. So I hope you see it. This is zooming in. Okay. So we have KRDK. This time we are fading. Okay. So this is coming back down from nine over here, bounce A90. You can see a double top first double top over here. And then under over VWeb. When you see this chart, it's not that you have to look every single dot that we have. It's really not important. What is important is look where we have the VWeb, look where we have whole lot of numbers, nine, 10, 11, 12, 13.  Over here, this is a classic fake breakdown and then push. And over here, when we have the eight o'clock, when the majority of brokers open, we start having back quarters. Okay. Over here you see those big volumes and you get scared because you don't know what's happening, just like normal activity from brokers. We start having a fail and this is your confirmation VWeb projection and then over here on wine. And look how the algo down here, okay, just the bottom of the screen behaves. First we have a support. Once we start having this dump, they cancel. More on KRDK, let's see. This is a manipulation. So arrays of algo set up. Just know that you will see supports often moving up. So how to long, okay, how to long a stock. You need the setup. This can be a pattern. This can be based on a strategy, moving averages, cup pattern, whatever. But then you have to look for confirmation. It's not only sufficient based in your strategy on price action and patterns because the volume is where the market will go. Volume tells you everything. Big hands create a support. The first thing over here, big hands create a support. Then they put another support and then they started creating another level over here. You see when it comes this moment and at this moment we have our algo raised and from here we started seeing this accumulation. You see how they hold the support. They're trying to sell, they hold. They're trying to sell, but we have more buyers and then we start pushing. And again, second raise of the algo. So it's the same big buyer, the same big algorithm, 20K, 22K, moving from here up till here. So the point of this is when you see something like this, it's a control move. Stay long, have your risk with this support and then enjoy the move because these are the best moves to take the long. Less one on KODK. I wanted to show you this because you can see how a stock when it's manipulated moves. Over here, 906 in one second goes 940. So this is support over here algo, see it traders. And who think that move this stock over here, the same algo over here, you see, canceled, start buying. So this is called propping the bid, buying over here. Over here we have all chasers because the first part of the move is a big hands from who controls the stock. And up here we have chasers. And then we start consolidation. You see the big algo over here with 246,000 shares. And then another push. And again, over here, we have other retailers that they see the support and buy on some support for the consolidation. Okay. And then for the breakup. This is how KODK moves. Very manipulated stock, but we see a lot of these. So it's very important that you see this price action over here. The opposite side is when we have a rejection. So, okay. So I think this will be pretty clear for everybody. First of all, this is almost 3.30 over here. So we start having a pattern wedge, you see, high, lower, high, sorry, high, higher, low, lower, high, higher, low, lower, high, contraction of volume. And you see that that volume down here is very weak, slow. And then on the breakout, we have the volume increasing. Okay. Each time you see this means follow through. We start pushing, pushing, pushing. And by this time, my only reason is do not trade against something so strong with this volume. But also, if I'm long, I need to see where I can sell. So I won't wait that I have a rejection. When I see something like this, I generally try to sell three, four, five cents before that big resistance. Because I know that when this big resistance touches, we have a high liquidity, 35K. And we can expect a fast unwind over here, a fast wash, okay, fast pullback. So careful. I prefer, personally, to give away half my position in proximity of the resistance. This is from a trader in the room. So it was very kind to send a start, only to show you how all day fade works. You see over here, this is 2PM. This is part of J-Lines that we use in the room. So perfect setup came over here on this short of the J-Lines at 2PM. And he pointed out what happened on book map. Then we have this trend line break. So you can use book map for patterns, flag, resistance support, trend lines, cut patterns, whatever. And then we have a fail of the J-Lines, but this is not, sorry, fail of the trend line, but this is not the setup for entry. The setup for entry is when you have a confirmation rejection and curls down, and then unwind. Couple more examples, then we'll go probably with Bruce in question and answer. So this is from another group member, friend of mine, Lehmann, only to point out OPTT, big consolidation. You see, first we have the first strong move, big consolidation over here. This time is Europe time. So this is 12.30 probably, sorry, this is 9.30. This is 11.30 East time in New York time. We start seeing over here a big support, big liquidity over here. You can see traders. And then from this, we start curling and pushing. And over here again, we have liquidity stacked. So they act as a resistance. Here only an example of a member that explains how good is to see VWAP rejection can be also for the long VWAP bounce using also book map. So we see two things over here. This is the VWAP on your chart. We see the price not going only above the VWAP. This was a mid-morning over here, you see 10.35, we show it in the room over here. Not only going above the VWAP, but going to that half dollar number, 350 near the previous resistance. So once this starts falling below VWAP, which is also this white level over here on the right on book map, you see it over here. We have this big unwind. You see over here this big wash. When you see something like this means big seller, no bids, completely free level two wash and unwind. Last over here of the examples. This was from Friday activity. So only to show again when we have a dip on a high liquidity. So this is a high liquidity support. The intention of this is to hold the price up. Big dot again means that somebody absorb all the sellers. He absorbed and then he started to reverse the trend over here. And also we have a big wall of buyers. So this first liquidity over here, see 60K, 47K, 43K. So we have something like 150,000 over here, 160,000 placed on the bid, waiting for this stock to go up. Okay, trader. So I leave the word to Bruce over here. Yeah, he is going good. Yes. Yeah, really great examples. You always put together really great examples, Jay trader. So it's really appreciated. They're so clear. So, I mean, you guys can see how important it is to understand liquidity and volume and really the context between that and the price movement. It's everything and it's all here on the chart. There's a question about J lines. What exactly are your J lines? Okay, J lines are just simple, sorry, just exponential moving averages. I discovered back in 2004-2005 when I made transition from cover warrants and options to mainly stocks and futures. It's just a 7289 exponential moving average. I use in different setups in different scenarios. By themselves, they mean nothing. I'll use it. They are very powerful strategy. Okay, so if they do set up and it does match with the order flow, then you use them as a confluence. Exactly, often you will see that, for example, at the big level of support over here, you see Bruce, in this case, we have some spoofing over here, some fake bids spoofing. They were together with the J lines. So this line over here, this blue wave, okay? And at the same time, we can see that we have high liquidity, exactly the V web. Yeah, perfect. Yeah, really nice breakdown there. So then also a question on the purple line, I believe the purple line on the sub chart and book map there is the liquidity tracker. Is that right? Yeah, over here we have, this is thanks to my friend, can you drop it, because he implemented it in his setup on book map. So we have the divergence. I like to show it as a divergence. And this is all this work, all this study, what I'm saying over here. So if somebody needs, I will give you as a referral. But you can see over here that we have an accumulation. You see very tight price over here. So when I see this, I expect personally a move. When I see the price that get very tight, I expect this then a big move. So that these two lines, the purple and the green one over here, green red, they get very separated. So what exactly is the, is it proprietary, the purple line, or is it the liquidity tracker? I was a little confused. I will show you over here, Bruce. Let me see studies configuration. So you can have just a quick look, you see the cumulative volume delta. And then we have an imbalance over here. Balance, minimum account volume size. And then we have over here, a maximum accountable volume size. So I want to see the difference between the two. I want to see when we have the price dumping. And when we have fast moves, we have this going down very sharply, very rapid. And for me, it's a very good indicator. It tells me the strength of the tape or the weakness of the tape. Yeah, understood. Really nice. So just filtering the cumulative volume delta by order sizes there or trade sizes. Thank you, Bruce. Let's see. Lots of questions starting to come in. Sam, some of the large dots, yeah, if they're green, it's market buy orders. If it's red, it's market sell orders. If sometimes there's some in here that JTrader has the total volume. So you see like a pie chart. So it's just that lots of transactions are happening very quickly that we give an overall delta for that cluster of transactions. So you can see that some of them are like three quarters green, well, then mostly it's buying. So I hope that answers your question. And JTrader, maybe you want to, I see some of the charts using the volume delta new feature and sometimes you're using the total volume. Is there kind of any setting on that that you like in particular? For the cumulative volume delta, well, you mean? No, not the volume dots, volume dots. Oh, okay, okay, sure. I will share how I have them. Studies configuration over here, volume dots, pretty simple. I found for myself, I just need this size not to be too big. I really don't like to cover all my chart. Just going to keep it over here, the 50% transparency, smart. You can choose by time, by volume, if you want a group creation by five minutes, three minutes, two minutes, okay. If you go over here, you can see, but I prefer only to have a smart. So Bookmap calculates this for me and I think is pretty good. And that's it, very, very simple how I use it. Okay, so you're using 7.0 Bookmap, 7.1 has a volume delta feature. I'll share a link with you about it, JTrader. So it's by minus cell. So you'll see like the visualization is, it's pretty nice. It's not total volume, but it is by minus cell. So it's the delta, but the visualization of it is very, very clear. Mateus or Matus. So yeah, your key software is Bookmap, he's asking. And then what is the other software I guess that you're using there? Okay, over here I have Bookmap. I use mainly this for order flow and price action and also to see something more than normal level two or times and sales, because take a normal level two, okay, whatever the broker is. You will see only the first, what four or five best offers and four or five best bids is not sufficient. I want to see when I'm in a trade what is 10 cents away, 20 cents away, 30 cents away. So those microstructures, you cannot see it with a normal level two. This is that edge that you have. For charting software, there are so many out there that want to publicize anything. You can get in the room, I will explain more. But any charting software that allows you to have pre-market after hours and put two indicators, you don't need something very complicated. Keep it simple, you know, kiss is enough. Yeah, yeah, that's excellent. That's actually what we usually say in the advanced webinars as well, just like you need to understand your higher time frames, but it doesn't need to be anything really advanced. And then what you want to understand is the order flow around your higher time frame levels. Exactly, totally agree with yours. Let's see, Jerry is asking how you use the, well, I guess you already explained it, the CVD in balance, et cetera. Jerry, he already went through that, like he's looking for the gap between the two. Exactly. And if it does gap like that, then when it tightens up, you know, he's looking for it to gap again. It's going to break out at some point. Let's see here, Jorge. Okay, that should answer your question, Jorge, as well about the CVD. Oh, I put the link in there for the liquidity tracker. It's free, you guys. So there is one for market by order data. It's different. It's only with CME futures and you have to have rhythmic data for those CME futures. So that's a very different thing. It will not work on stocks. Okay, but there is a well, that's the liquidity tracker pro in stop iceberg tracker, but the liquidity tracker that is free will work on all markets. Okay, that have order books. Let's see, Taurus is asking if you can show your time and sales tape again in book map and maybe how you're filtering. Sure. Okay, so I generally use two. Let's put, for example, the amp over here. So the first one over here, right click, you go times and sales. You can let's do it together times and sales. Okay, so when you do like this, just put plus, then you go over here, go down times and sales, and you put create. So it creates a new one. And then you can decide minimum size. So for big caps, I will use minimum size 1000 plus another times and sales set to default. While for small caps, I generally use 3000 so that I can see all block orders.  So it's very important to see big hands and small hands. Okay, and then will you filter that? I guess you'll filter depending on the stock. Yeah, sometimes if I have even more liquidity, I can use this at 5000 or 10,000. But I see that average 3000 is a pretty good filter. Okay, let's see here. What was the minimum size and maximum size used for time and sales? Okay, so you just answered that. And then Sven, you missed it. What is the imbalance showing? Yeah, it's the, I can also show you Sven in the advanced webinars, but J Trader is looking at there. Maybe you want to explain it one more time, J Trader, the CVD and how you're using that. So looking over here, this is, I'm going to put it on all screen over here. Let me make it bigger. Okay, so when we have these two lines getting together, there's a contraction. Contraction is like an accumulation and that leads to a big move. So what you see over here is this. Let's make a rectangle. You see this zone and this zone. Okay, so this is the consolidation, contraction that leads a big move. So it's like an expansion of volatility, but in this case is given from the imbalance of more sellers comparing to the buyers. I hope that was clear. Yeah, that's it. So I don't know if this is proprietary, J Trader, but I'm kind of curious myself. Like when you wake up in the morning, what is your process? Like how do you start to go through what you're looking for? What might be moving? What stocks to trade and what the day might be like? Okay, the first thing I do in the morning is going for a run. And then hit the gym. I like to train. Then get to my computer and random scanners. You don't need traders to really buy fancy scanners. If you have a little bit of money, invest in Bookmap. And after two months, you will tell me, thank you. Just run the scanner that your broker has. If you want, you can get a good, let's say, broker that allows you also to short. But that's up to you. It depends if you trade big caps or small caps, if you're long bias or short bias. So I run my scans, this around 630, 615. I stay already in pre-market to trade. I share every single trade in the room. We trade together. The majority of the members do not follow alerts, but we trade together because I teach a strategy. So when you get in, you receive a playbook and we trade a playbook. From 7 to 9, we'll trade pre-market if we have setups. For example, this morning in pre-market, I had no setups. Market seemed like that. It seemed like the whole day besides some gap down and Tesla spiking. And then from 9 o'clock, I focus on three or four stocks, generally two or three small caps, one or two big caps. And from 930, I'm on screen share. So I share my charts, how I take a few executions. And I explain the setup. If something for me is not systematic or analytical, for example, I have five green lights, five parameters that are met, I may take the trade. If this is not all in agreement, I may not take it. So my approach is purely technical. Technical from price action, from research and stats. So this means through S2 trade, looking for stats and data, how many times the stock faded, for how much the person's downside, what time, how high of the day, and so on. And then through book map to see microstructures of support, resistance, where we have algos, where we have like big hands players that jump in or jump out. So it's very simple, but you need all these three things together. This is if you want to be a professional trader, or even if you want just like have an extra income, never follow blind trading. That means follow alerts because trust me, you will never make money on the long run. Okay. So let's see, Scott is asking what are you scanning for in the morning? Very simple. Gaps above 20%, but still at least 10% I start like looking at the gaps. For big caps, I don't need to scan anything because big caps generally I trade my main ones, Tesla, Netflix, Apple, and I have a specific playbook over there. So I trade for setup, that's it. For small caps, it's more due to the news to the price actually in pre-market, the volume. So for example, if I want a short, I have specific parameters, I may start looking for small caps with market cap below 300 million, with at least 10 million float, with dilution, with history of failure in the first day, they tend to fail generally in the first 30, 40 minutes out of the gate. So when I have all this collected, I see for example, on that day, the gap is 40%, the news is fluff. I have a pattern, so really that's hard pattern. And I see book map with a stair step down pattern, then I may take the trade short vice versa. If I'm looking for long, I look for other parameters. Okay. I mean, we would need one whole hour to explain the parameters for short or for long, maybe another time with Bruce. Okay, excellent. Let's see. I guess there's still questions about your imbalance CBD indicator. If you could maybe right click on that and show it again, like the settings for it. This one, Bruce? The purple one, yeah. Okay. The point is I'm very loyal to traders. This trader gave me a setup, so I don't know if I can share it. And I really don't feel like, you can email me, I will ask the trader if I can share it and then I will be able to share with you traders. Okay, excellent. And I put Jay Traders contact information in the chat here several times. I just want to go through it for you guys because you'll see his website, his Twitter, his YouTube page, also his email, so there's his contact. And then the special offers from Jay Traders as well from book map. They're a little bit longer term special offers, but we offer our partner educators something that's not available from the website. You can get book map for like three months at a discount for the first three months. And then it will go up to the regular price or you can get book map for a year. And then there's also a book map lifetime option for global, but it include all the add-ons for free for a year. So basically, you're getting global plus for a year. The link's in there and all of his contact information is in there as well. So you can reach out to him. Let's see Jerry. Yeah, your liquidity tracker is not working. Okay, so I think reach out to support on that one. Or maybe you just need to restart your book map. It should work. It's free. Once you download it, you should just be able to add it. There's a video on how to add it. It's really straightforward. And then you might need to restart your book map, I'm not sure. Usually you don't, but I don't know. You might. Okay, so any other questions for JTrader? These examples, I mean, these are excellent setups. I mean, it's all here in very, very clear explanation. As always, JTrader always has this very, very clear explanation of exactly what he's looking at and his actions and very, very consistent with it. So, Bruce, sorry for interrupting. I just wanted something before JTrader's ask about Delta and imbalance. Just look over here when it's trading down, okay, trading down on Sava. And then when we have this, you see that the volatility over here, okay, shifts above the zero before the stock itself. So how faster this anticipates the move? You see if we have this still going down, then reversal over here, but this reverses before. Is it reversal? Is it a reset, JTrader? Reset, reset, reset, but is a reset exactly, but also it bounces back up and we have a reversal. Understood. Okay, so it's resetting, but then you're, yeah, that understood. So you'll reset for these specific periods and then nonetheless, like the period's over, who's in control after that period? Exactly. Right. In this case, long buyers. Right, right. It just happened to take place just around the reset. Exactly. I put over here hourly reset. You can put it like two hours, three hours, one day as you prefer. Right, understood. Okay, excellent. Well, any other questions here? Let's see, Kendall, seem to have the heat map filter off. Is that just to trade more specific levels? Well, the heat map is on. I don't understand actually what you mean. Heat map filter, smoothing? Oh, well, no, no, he's just zoomed in. That's all. I mean, the smoothing is on. He's just really, you know, zoomed in here. To me, it looks like the smoothing is on. When you, I mean, the stocks, that's why stocks can look so good in book map is because like, when you have that smoothing on and you zoom out, you'll just see these big, huge levels of liquidity that they really, you know, show very nicely.  That's what I know. The point Bruce is because I'm blind. That's the reason why I need this so big. You've been looking at years for at charts, I guess. That'll do it to you. But yeah, the smoothing is on, it looks like to me. That's a really powerful feature actually, Kendall. You know, if our CTO created that smoothing and it really works well with stocks, the way that Jay Trader has it set up, like, or his monitor, it's looking more like futures. The way that he's able to very clearly see some of these things. It's just a really, really high res monitor, it looks like to me. Any chance of moving averages in book map? Yeah, there actually are Steve moving averages in book map. You can get them through the marketplace from a third-party vendor. This is my friend, sorry, Bruce, this is our friend, bus pilot, Steve. Oh, he developed the moving averages. I'm sorry, I don't understand. No, he asked how we can implement in book map the moving averages. Okay, understood. Yeah, so it's available. Someone already developed them. Not us, though, so you can go to that marketplace and check it out. Okay, all right, well, I think that's it. We've almost gone an hour here. Jay Trader, just excellent examples, very, very clear and very, very helpful. Thank you very much, everybody. Thank you very much to Bruce in book map, and I'll see you next time. Have a good trading. Okay, take care, everybody. Bye-bye. Take care.


As we expected, the final round of the SGM Makau Open produced plenty of low scores and some terrific entertainment. Gag and Jeet Boola was defending the title he won here in 2017, the last time the event was staged and finished top 20. A 68 for 14 under with the help of this birdie at the 15th. Hong Kong's Taiichi Cole continued his excellent recent form. This was a highlight, holding out from the sand for a birdie at the 11th. 66 for 17 under for Cole. Jeet Bool Lee produced one of the rounds of the day. A 63 that took him into a tie for fourth place at 18 under par. Miguel Tabuena at the 16th. Third shot straight in. A 65 and a sheer of fourth for the man's second on the order of merit. Bacara Kong Wat Mai had an eagle at 13. That was good enough to get him to 64, 20 under par and third place. And no praises too high for Pum Saxensin. Shot a 63, didn't have a bogey on the card. This was his second into seven, 28 under par and it was good enough only for second place. The title goes to the man making his first appearance on the Asian tour. World number 46, Min Woo Lee. The Australian played quite brilliantly all week out in 31 with the help of this birdie at the 9th. And then the real turning point with Saxensin with him all the way. This eagle putt at 13 from Lee, stretched his lead to four shots. Saxensin just couldn't get any closer. It came down to the 18th and Min Woo Lee with this putt for a 63, 30 under par for four rounds on the Macau Golf and Country Club. Min Woo Lee is the Macau Open Champion.


Why would you own a car? You might own a car like maybe some people own a horse. You know, they might take a ride on the weekends or something. I think that's where the world is going, is that people will not own cars. They'll have a service that takes them where they want to go, when they want to go there. A million people die every year in cars from human error. And then think of the trillions of hours that we spend behind the wheel driving. We're going to resist the future and become part of it. There's a huge positive impact to society when driverless cars become a thing. We're in the early to middle stages of the development of software that can drive cars.


Here we are John chapter chapter 10. I'll begin reading at verse 11. I Read to verse 16 and we'll get into our study John chapter 10 Beginning at verse 11 reading to verse 16. Jesus said I am the good shepherd The good shepherd gives his life for the sheep But a harrowing he who is not the shepherd one who does not own the sheep sees the wolf coming in and leaves The sheep and fleas and the wolf catches the sheep and scatters him The harrowing fleas because he's a harrowing and doesn't care about the sheep. I'm the good shepherd I know my sheep and I'm known by my own as the father knows me even so I know the father And I lay down my life for the sheep and Other sheep I have Which are not of this fold them also I must bring and They will hear my voice and there will be one flock and one shepherd And so I was mentioning to you and I'll I'll briefly say this in Introduction here in the verses that appear before us I mentioned to you that seven times in the gospel of John Jesus makes what has been called an I am statement and we've been seeing them already We saw in John 635 how Jesus said I'm the bread of life He's the one who feeds those who are hungry. He said in John 8 verse 12. I'm the light of the world Because light is needed for those who are in darkness in chapter 10 verse 7 We saw him when he said I am the door of the sheep In other words, I am the door for those who want to enter into my abundance and here Jesus is revealing himself as the good shepherd Now as we've been looking at chapter 9 into chapter 10 I mentioned to you that Jesus had been acting as a shepherd and was illustrating his ministry from that perspective from the perspective of a Shepherd, there was a blind man the blind man had been cast out He had been excommunicated from the the synagogue and all we saw that but as a shepherd Jesus saw him out as a sheep And so that's consistent with the Old Testament's picture of the Messiah because the Old Testament portrays Messiah as a shepherd And so we looked at that together in verses 1 through 10 and I shared concerning the unique relationship that a shepherd has with his sheep Jesus had said for example, let me refresh your memory in verse 3 Jesus had said in chapter 10 that the sheep hear his voice and I pointed out that the sheep recognize His call to them a second thing I pointed out is in verse 3 He calls his own sheep by name in other words He knows and he pays attention to them like it says in Psalm 139 verses 1 through 4 Oh Lord, you have searched me and known me.  He goes before them and he brings them to their destination Like it says in Romans 8 14 as many as are led by the Spirit of God These are sons of God and then forth the sheep follow him for they know his voice They have relationship with him and they hear his voice most clearly as I was pointing out last time in scripture His voice is given to us in God's word. I Want to share something with you that'll take a moment just to just to read to you But it's something to help you to understand and I want to say it like this Let me begin by saying all of us right now are gifted to have this book in our hands Or at least before us right the Bible But Many of us don't remember or perhaps have never never been told How costly this book really turns out to be there was a man he was an Englishman his name is William Tyndale and William Tyndale Made it his life's work to translate the Bible Into the common tongue and during the time of Tyndale it was in they would use the Latin version and The only people who could actually read the Bible were the scholars because many people were simply illiterate and so Tyndale made it his life's goal to translate the word of God into into the common tongue into English and Let me share with you what happened to Tyndale when when he did so Because the only versions of scripture were in Latin only the educated and clergy could read the Bible Tyndale worked to complete the first English translation of the New Testament as well as the first five books of the Old Testament without support for his work he left England and went to Germany in 1524 and completed the New Testament in English in 1525 printing 6,000 copies Only two copies survived The original copies have been lost with many of them actually purchased by church officials in England and burned in 1530 Tyndale was arrested in Brussels jailed for a year and a half and Was then strangled and burned at the stake all for translating the Bible into English His prayer before he died reportedly was Lord open the King of England's eyes By 1539 every parish church in England was required to make a copy of the English Bible Available to all its members and the available translations were substantially based upon Tyndale's You're holding a book in your hands or is before you that cost the translators their very lives and This is the same book that believers ignore almost every day It's the same book that they'll walk in after church and kind of throw in a coffee table to pick up next week And we failed to understand the value of this book before us that it cost the lives Not only of Tyndale, but so many others who went against What was lawful for them at that time to the degree that they were actually put to death in the most horrible ways To be strangled and to be burned was his reward For translating this book that we take so casually And so God help us as a church as believers not to take the word of God and not value it See that God speaks to us and we hear the shepherd's voice and we do so by his word Now as I was sharing with you again as he was teaching Jesus drew a contrast between himself and and those who are false shepherds And as we looked at those verses we closed by by seeing how he had said that these false shepherds Steal they kill and destroy and it contrasted their stealing killing and destroying had contrasted that with his Being the source of abundant life and that's what he had said in verse 10 When he said the thief does not come except to steal and to kill and to destroy and then he went on to say I have come that they may have life and that they may have it more abundantly And so that's what we looked at together. So he's continuing at this point To pursue the contrast between a true and a false shepherd and that's why in verse 11 He begins by saying I am the good shepherd The good shepherd gives his life for the sheep I am the good shepherd that word good in the original language in Greek The word good is translated excellent or ferrets also can be translated with the word beautiful and noble I am the excellent fair beautiful noble shepherd is what he's saying and In speaking of the shepherd Isaiah 40 verse 11 speaks of the shepherd in this way He will feed his flock like a shepherd. That's Messiah He will gather the lambs with his arms and carry them in his bosom and shall gently lead those who are with young No other image has been as deeply impressed on the mind of the church as Jesus the good shepherd When you look at early artwork You look at painting or even the embroidery of the day even statues They all portray him so many of them portray him as a shepherd There were songs that are inspired by him being a shepherd There are prayers that often contain the image Lord you are my shepherd You might find it interesting to know that the title pastor is the name by which the sheep are to be Reminded of their great shepherd who has been ordained to be their guide So a pastor speaks a pasture which is a reference to our shepherd an Ordinary shepherd was willing to defend the sheep from predators and Jesus Was willing to do so also and he laid down his life for us And that's what he's saying. I am the good shepherd the good shepherd gives his life for the sheep is willing to lay down Voluntarily his life Jesus was not murdered Jesus voluntarily gave up himself. He wasn't taken he yielded himself It was a choice that he made for us Jesus laid down his life for us voluntarily John 1513 says greater love has no one than this than to lay down one's life For one's friends he told them and you are my friends if you do whatsoever I have commanded you your obedience demonstrates your relationship in other words and So Jesus speaks of his the death the death on the cross But he's also speaking of his protective concern for them a sacrificial love for the sheep is what sets him apart from a false Shepherd you see the false shepherds were only interested in how they could profit off of the sheep And you see this image in the Old Testament if you take notes you might want to note Jeremiah chapter 2 verse 8 You see many prophets thundered against false shepherds that were leading Israel and Jeremiah chapter 2 verse 8 does so He says the priest didn't say where's the Lord and those who handle the law did not know me The rulers also transgressed against me the prophets prophesied by all by Baal and walked after things that do not profit And so Jeremiah during his day is preaching against the false the false teachers the false prophets of Israel in the book of Micah chapter 3 verse 11 Micah says Israel's heads judge for a bribe her priests Teach for pay and her prophets divine for money Yet they lean on the Lord and say is not the Lord among us no harm can come upon us And Zephaniah chapter 3 verse 4 Her prophets are insolent treacherous people and so in the Old Testament The the prophets would thunder against the false prophets the true prophets would actually speak about them in our day When a pastor points out error You can't believe the response that people have when oh you're so self-righteous aren't we supposed to not judge one another I don't know how many people in the church today would would survive under a real prophets prophesying because when they spoke they didn't smile. I remember one time watching Program on tell it on tbn and many years ago now there was a man named Walter Martin Some of you have heard of him perhaps many of you have and he's been dead for quite some time But he was he was the foremost and and most well-known Apologist that that I was familiar with it and he was he was just an amazing man I as a new Relatively new believer. I was probably three or four years old in the Lord I Used to attend his class. He had a class on apologetics and I attended his class for a year and I had a heart for if I were not a pastor, I would have been a systematic theologian. That's what I would have been and I especially would have been involved in apologetics because that's really where my interest is in many ways And I used to sit under his ministry and and we had actually when our church began We had him out here to come and share and and I appreciated him. We had differences Concerning some things related to the rapture and timing of it and all but overwhelmingly he was somebody that I Greatly respected and and Walter Martin was somebody who was on TBN on one occasion and and he was sharing some things and and Jan Crouch at this time again. This was many years ago was a host hostess to him She said, you know, you can be so mean Walter I'm just kind of Putting words in your mouth, but that's the sentiment You can be so direct and so mean Walter and he says, oh, he says you want me to to Not be so direct. Yeah, he said, okay How about this and then he started quoting Matthew 23 you whitewash tombs and he's and he started going into that You know, you're like dead men's graves and people don't see in the walk and they fall in you And he's in any she looks at him. He says, how do you like that? And he says he says and you know that came from the mouth of the most loving man who ever walked the face of the earth And yet he was speaking to the Pharisees words of rebuke for what they were doing to his sheep And I'll never forget her response when she said but can't you smile when you say that? I'll never forget that Can't you smile when you say that? Because that spirit of the age was already infiltrating the mindset of people We're afraid to be discerning because we don't want to be people's judges You don't have to not love someone to disagree with them guys always remember that It's not un-Christian to want to live in the truth and and what we learn to do is we learn to communicate the truth in love It's not that you hate somebody You love them enough to tell them the truth and you tell them with a broken heart and sometimes you tell them with a Tear in your voice, but you tell them nonetheless because truth sets them free and Jesus is right now speaking about the false teachers the false shepherds the Old Testament prophets Thundered against them Thundered against them and Jesus did too in Matthew 23 verse 14 Woe to you scribes and Pharisees hypocrites for you devour widows houses and for a pretense make long prayers Therefore you will receive greater condemnation. Those are words that came out of the mouth of love in the flesh You see false shepherds neglect the sheep false shepherds take advantage of the sheep Ezekiel 34 verses 2 through 4 son of man Prophecy against the shepherds of Israel prophesy say to them thus says the Lord God to the shepherds Woe to the shepherds of Israel who feed themselves Should not the shepherds feed the flocks yet you eat the fat Clothe yourselves with the wool you slaughter the fatlings But you do not feed the flock the weak you have not strengthened nor have you healed those who were sick nor bound up the broken Nor brought back what was driven away nor sought what was lost But with force and cruelty you have ruled you have dominated you have sub subjugated them In the new testament Titus 1 10 and 11 speaking of false teachers There are many who rebel against right teaching They engage in useless talk and deceive people. This is especially true of those who insist on circumcision for salvation They must be silenced by the wrong teaching. They've already turned whole families away from the truth Such teachers only want your money And so instead of them Being used by the shepherd and this is what we're seeing. It's a good shepherd who actually sacrifices for them He gives his life for them He voluntarily loves them and he protects them with his life So he says it i'm the good shepherd the good shepherd Gives his life for the sheep but verse 12 a hireling He who is not the shepherd One who does not own the sheep sees the wolf coming and leaves the sheep and flees and The wolf catches the sheep and scatters him in contrast to the good shepherd the true shepherd You have what he refers to in verse 12 as the hireling A hireling is a hired helper He's interested in doing the job But not the job itself The sheep belong to someone else So when danger is present He deserts them He doesn't love them So he'll not sacrifice for them. He doesn't protect them. He doesn't stand up for them Shepherds stand up for the sheep Years ago now When the christmas lights were first coming up in the neighborhood was filled with christmas lights there in chino We saw it as an opportunity to preach the gospel to go in with Bible tracks and There were so many hundreds thousands of people there were cars everywhere. Some of you may remember that And uh, so we we went in To do that and a team from our church went in And actually there was a fellow on the city council during that day who said he didn't Want people coming into that neighborhood So they passed a resolution in the city council here in chino And said you cannot go in and hand out These uh flyers. They had said that we challenged that And we told them you don't have the right to keep us from Performing our first amendment right of freedom. You you don't have that right You cannot tell us we can't do that And so we actually dealt with the city at that time and they had to back off because it was illegal what they were doing And so our team went in and I went in marie and I my wife and I went in you might remember this we went in And my people were walking through the neighborhood and I was walking kind of just there Just following them and I happened upon two of my people as they were being confronted by a guy Who was really angry and a little bit drunk and belligerent And so he started confronting one of my members of my church And I I happened upon them When when it was taking place and I remember seeing that and I stopped for a moment And I was looking at him and the guy was getting belligerent my and my my friend was kind of Intimidated by this guy So the guy says to my to his name was frankie says to frankie Who told you to come in here and he's like that I stepped in between him and I stepped stepped up to the guy I said I did You know I did I said we have the right and I began to talk to him I stepped between because that's what shepherds do That's my sheep. You want to take it out on somebody? I'm right here I'm right here shepherds do that not because we're violent I didn't want to beat him up I'd have called one of the bigger guys and said hammerham. You know, I I'm not trying to sound like some bad dude I'm trying to say that my heart's inclination is for protection of the sheep And take it upon yourself If you want to be mad be mad at me You want to know actually I got orders from somebody else who's greater than and Jesus said go out preach the gospel That's what we're doing and that's what we do not belligerently not aggressively I just use that as illustration Just to show you that there's an instinct within the shepherd to step between the sheep and danger That's what Jesus is teaching and a harling doesn't a harling will just leave him Why because the sheep don't belong to him. It's not his it's no sweat. It's just a job I get an hourly wage. It doesn't matter. You want to take that take it I don't care. It doesn't belong to me, but the shepherd's different You've already seen that the shepherd knows him by name. He calls him. He loves him He's bonded with him. He lays his life down for him. And that's what Jesus is saying Whereas the false the false shepherd. No, he wants your money. He wants your wool He wants what he can profit from from you But not the true shepherd the true shepherd lays his life down And that's who Jesus is and that's what Jesus is saying He said again a harling he who is not the shepherd one who does not own the sheep sees the wolf coming and leaves the sheep and flees the wolf catches the sheep and scatters them verse 13 the harling flees because he's a harling and he doesn't care about the sheep He doesn't care. He doesn't love him. He won't sacrifice for them Again that attitude applies to ministries even to this day for a for a harling The important thing is fame or position finances power may be some influence For a harling ministry is not a calling.  Oh my god. It's a sheep.  I'm hungry, you know If it's a wolf that's something different If it's a wolf that'll make the blood in your body freeze because you're in danger And every shepherd Has scars you can't see From battling battling wolves Every shepherd does Every shepherd does they have wounds that they've received for a sheep who very often Just wander off without even caring But that's not the job of the shepherd to make the sheep love them It's a shepherd's calling to love those sheep even if they don't understand it Jesus laid his life down You see the harling has no attachment to those in his care because he doesn't love them And the sad thing is they can look and sound like a genuine minister of the gospel You'll see some and I used to give names all the time. I I don't do it anymore. It's I just I just don't But I used to stand up and and I would say watch out for this and watch out for that by name It's been my hope and prayer that over the years by just going through the word together that my people have grown in discernment and all But it's true You can turn on a radio and you can turn on a television program and The person looks like the real deal And that's that's what's so difficult and Because they look like and they sound like they even quote the bible But we need to remember satan quotes the bible. He quoted the bible to jesus I mean satan quotes the bible you need to have it in context And and what i've been trying to do for all of these years is to give you give you as a sheep give you The the equipment to be able to hear and to discern error and truth And the only way you're going to know that is not by my my stories and my jokes and my entertainment and And trying to have a great personality None of that's going to save you when someone knocks on your door and wants to argue with you What's going to save you is god's word and that's why i've tried to give that to you for all of these years In second Corinthians 11 13 the bible says false apostles. They're deceitful workers. They transform themselves into apostles of christ And that's what they do They transform themselves to have the appearance of someone who has that kind of authority in verse 14 I am the good shepherd and I know my sheep and am known by my own as the father knows me even so I know the father and I laid down my life for the sheep Now the first good shepherd statement he made in verse 11 is linked with his sacrifice But this statement is linked with his knowledge of those who belong to him Unlike false teachers, jesus had a personal interest and knowledge of those who were his own it's like When he told that Samaritan woman go and call your husband. He already had a knowledge of that woman Or when he was looking at the apostle peter and he says your name is peter, but you shall be called seafus You're going to become a stone Jesus has that knowledge of those whom he is calling to himself and transforming and so his love is real and his love is Is demonstrated and it's demonstrated by willingness a willingness to die and this Willingness to die will provoke response Because his love isn't superficial Jesus's love is intimate There's a depth Of relationship between the shepherd and the sheep He says I know verse 14. I know my sheep And am known By my own Those of you who are parents those of you who are married Children you know I'll say as a husband. I'll use this as an illustration as a husband I I know my wife And I know when my wife says something Even if the words are certain things I know there's an underlying thing there. There's a message, you know Every husband knows those kinds of things about the wife Are you going to leave those there? That means pick them up What do you want to eat? That means say a couple things and then ask her what do you want We get to know each other But how how did you get to know each other in relationship? How do you get to know each other? I have four children when they were growing up Everyone of them may have been my child. Everyone had a different personality I had to learn how to deal with this one and I dealt with this one differently than I dealt with that one That's the way it works same as true right now with my grandchildren They all have different personalities and you have to study them to get to know them to know how to speak to them And sometimes I don't know how so the mom will tell me or the dad will say oh no you need to this or you need to do that Well, how do you know you need to do this or you need because I'm the father or I'm the mother? I know I'm with them constantly. I've learned their ways And that's what the sheep and the shepherd relationship is guys.   Yes amen to that So unlike false teachers, he has a knowledge and his love is demonstrated by willingness to lay down his life He said I know my sheep. I know their hearts. I know their wishes. I know their plans. I know their dreams I know their circumstances I know those who are mine And I I own them as mine And second timothy 2 19 the lord knows those who are his And some 34 15 the eyes of the lord are on the righteous His ears are open to their cry. So he says in verse 14. I'm the good shepherd. I know my sheep and am known by my own He knows the sheep. He's known by them even as the father knows him and he knows the father As jesus and his father have a deep and personal intimacy He has that kind of intimacy with those who belong to him They have a love and an attachment to their shepherd and it's based on a relationship not just a sentiment His sheep know him. He had said in chapter 10 verse 4 the sheep follow him for they know his voice So in verse 15 as a father knows me even so I know the father and I laid down my life The shepherd's love It's deep. It's complete and he willingly lays his life down for us He laid down his life And I say of 50 verse 6 I gave my back to those who struck me My cheeks to those who plucked out the beard I did not hide my face from shame and spitting In Titus 2 14 Jesus gave himself for us That he might redeem us from every lawless deed and purify for himself his own special people who are zealous for good works One of my favorite christmas songs that is not that old Is the song by a group called down here And it's called how many kings And one of the lines that always just touches my heart is when he sings How many gods have poured out their hearts to a romance a world that's torn apart And how many fathers gave up gave up their sons for me Only one did that for me And that touches me How many only one Now he says in verse 16 other sheep I have which are not of this fold them also I must bring and they will hear my voice and there will be one flock and one shepherd no I could go into a whole controversy about this verse here I won't because we don't have time and I don't feel like it and I don't think you'd be that interested But there's a huge controversy because I'll say one thing real quick It's not possible to say things real quick. You know that already but The Mormon church teaches this verse is in reference to the Gentiles That lived in South America The Mormon church teaches that the other sheep that he's referring to they say relates to uh, Native Americans in In uh, South America Is that what he's referring to? No, let me tell you what he's referring to these other sheep are The non-juice these other sheep he's referring to Are the Gentiles in Ephesians chapter 2 11 through 14 Paul said it like this remember that you once Gentiles in the flesh who are called Uncircumcision by what is called the circumcision made in the flesh by hands That at that time you were without christ being aliens from the commonwealth of israel and strangers From the covenants of promise having no hope and without god in the world But now when christ jesus you who once were far off have been brought near by the blood of christ For he himself is our peace who has made both one and has broken down the middle wall of separation God worked with the jewish nation But god through the gospel and through the death of christ God reached the Gentiles also that's the point and so when jesus is saying other sheep i have He's not speaking of people in some other far off land. He's speaking of all people He's speaking of the Gentiles the Gentiles who come to faith in christ and have a relationship with god Because of the death of jesus on the cross When jesus came remember with me the order jesus came and first ministered to the jews And when he sent his disciples out to minister initially he sent his apostles to reach the jews When he sent them out on their first mission he gave them instructions matthew 10 verse 6 He said go rather to the lost sheep of the house of israel So they were to go out and reach the jews He was approached on one occasion by a Gentile woman and the woman asked for his help She had a demon possessed daughter and she asked jesus if he would set her free But when she came and spoke he was direct to her in matthew 15 24 he answered and he said I wasn't sent except to the lost sheep of the house of israel And so that's how the initial ministry of christ was is to reach the jew Now after his resurrection he sent his people into the whole world And even so non jews didn't receive the word of god until ax chapter 8 That's when the samaritans received it and then again in ax chapter 10 When the church went out to preach it was always first to the jew romans 116 says it like this I'm not ashamed of the gospel of christ It's a power of god to salvation for everyone who believes for the jew first and also for the greek When you read your book of acts acts records how the apostles would first go to the synagogues When the jewish people continued rejecting the gospel then paul went to gentiles in ax 13 46 and 47 It says paul and barnabas grew bold and said it was necessary that the word of god should be spoken to you first But since you reject it and judge yourselves unworthy of everlasting life Behold we turn to the gentiles for so the lord has commanded us I have set you as a light to the gentiles that you should be salvation to the ends of the earth So the gentiles have been outside the promises of god But they were brought near to god through christ and brought to salvation So from the jew and the gentile god now makes that one new man which is referred to as as a christian And so these are the other sheep that jesus is referring to And then he goes on and says and will move to a to a conclusion He says verse 17 therefore my father loves me because I lay down my life that I may take it again No one takes it from me. I lay it down of myself. I have power to lay it down I have power to take it again this command I have received from my father And therefore there was a division again among the jews because of these saints many of them said he he's got a demon. He's mad Why do you listen to him? And others said these are not the words of one who has a demon Can a demon open the eyes of the blind and so My father loves me he says I lay down my life The father loves the son because i'm dedicated to performing his will jesus would say And that included his voluntary death That he might be resurrected And his resurrection Makes it possible for others to have resurrection life also notice verse 18 how he says no one takes it from me I lay it down I have absolute authority I lay it down and I also can Be resurrected I have absolute authority. No one can take my life from me When he's there and they came to take him in that garden And they came walking in And he says to them who are you looking for? And they said jesus of nazareth And he said i am he do you remember what happened to them when they came in they fell to the ground They fell to the ground And I always kind of envisioned jesus looking down at them as they're looking back up at him Okay, now I asked you who are you looking for?  He was speaking of the temple of his body I have that authority while there's a division again amongst them He divides those who are listening Some say he has a demon he's crazy But others point to his works But we'll close with one last thought neither of those those groups Embraced him They argued but they didn't embrace him The one who voluntarily lays down his life They argued amongst themselves But as we'll close here and pick up next time They did not embrace him You can have all kinds of opinions about jesus But your opinion is worthless unless you embrace him And that's how you're going to be saved To embrace him


headline, news update. Well everyone, Basil Chapman on this 27th day of October, Wednesday, we've got a 11am Tiger Financial News Network update and we're looking at the Dow down 112 with 35,645 made an all-time high of 35,892. Just real quickly, I'll do this for those of you who are waiting for Larry's show, should be a wonderful show as always. In the Chapway, we try to identify the lowest low bar and then we count each successively higher peak, alphabetized, A, B, C, D, E, F, G in sequential order at D that fourth highest peak, other things can happen. Well, we've got to a D and now we're pulling back in the Dow, but the S and P, which is down much less, the Dow is down 0.26%, the S and P is down 0.04, has made a peak, see I suspect there's one more pop to the upside and then we're going to have to do an assessment at this particular leg D if there is one. Is that perhaps the start of a short-term trading pattern for sideways move? The QQQs have exactly the same thing, a peak, a C could be extended A if it goes above yesterday's high. IWM is pulling back quite sharply, oh, very sharply, it's down to a 225. Gold is just kind of stuck in this little trading range, it's unchanged right now, and we're looking at crude oil, this is going to be really important because remember we talk about this inside track repellent zoning within the up channel, and it keeps getting repelled crude oil, it made this leg E, then a peak E, with this high on the continuous contract at 85.41, 85 is the high that was made way back in, that was in October of 2018, three years ago, and then it plummeted to 7.61. So watching this really closely because if crude oil makes a new recovery high, it gets trapped in this resistance area, and we'll see if it can pull back, if it goes under 82 in the next two, three days, that says, hey, a little time out for crude oil, which is a spectacular move thus far. So I'm going to hand you over to Larry Pizzavento, trade what you see, then you've got Think or Swamp, great show there as well, you've got Steve Rhodes, of course, I don't have to tell you about Steve, you're looking at TD9s, uses Captain Wave as well, just a wonderful technician, of course, Dave White has his own priority, his methodology, we've seen it so many times here, he's very volume-oriented, so Dave White comes in, Tom O'Brien, Mr. Gold himself, Goldie O'Brien comes in at 3 o'clock, and of course that should be a fantastic show, we'll watch this very closely, are we getting to sound kind of a little topping action here, we'll see, we saw Von Yield suddenly plummet today, and that's an important thing, and it went at TLT trading in a leg seat to the upside. Have a wonderful day, see you tomorrow for the Tiger Divinishes Hour, and check out my opening for daily news here, safety.