The following is a presentation of T-F-N-N. Trade what you see with Larry Pezzavento all now toll-free at 1-877-927-6648 or internationally at<PHONE_NUMBER>. Now, Larry Pezzavento. Okay, looking good, Billy Ray, feeling good, Lewis. This is an anniversary day for the old cowboy folks. Let's go back to the Rodeo Drive before it was Rodeo Drive there in Beverly Hills. This was when I was working with Eli Lilly. It was July 28, 1974. I was in the promenade there that turned out to be Rodeo Drive about eight or nine years later, and I was leaning up against my new car, and I had my fancy Rolex on, the Rolex President. Gee, I thought that was a hot deal. And I had seven figures in my account, and I had just about everything a man could ask for. Two beautiful kids, a lovely family, home was paid for. I mean, it was just, just life was really good. And folks, I swear to God, I've been leaning up against that car and I was crying. Here I was, I was 34 years old, and I had everything that I'd ever wanted, and I really didn't have anybody to share it with, because I didn't get along with my father at all. My mother had died three years earlier, and I was just thinking about her. Well, folks, let me tell you what happened. In October the 14th of that very same year, I owed Conti Commodities $2,800. I found a way to just about get rid of all of it. I went to a minus $2,800. Back in those days, there was no CFTC, no NFA, anything like that. So it was all done by the clearing members, and I had done a lot of business with them from 66 through 74. So they said, hey, when you want to trade without money, no problem. And I said, no, I'm going to learn how to trade first and then go back. And I got the Gartley book that I'd had for four years sitting on my desk, loose leaf papers, of course. And I never looked at it at all. And then I finally started delving into it, and I didn't trade for just about a year. And then I told you the story about the soybeans and all that stuff. But, folks, I remember that so vividly. And the thing I remember most is I was in Santa Barbara at the time at a Lilly meeting on that Friday. And it was, well, the Friday again, October. And it was everything was limit down.  I don't remember what it was. And I wasn't even. I wasn't sad. I wasn't concerned. I was just shaking my head. How could I be so stupid? And the first thing I did was call my, my person that got me started, Dr. Jimmy there. And, oh boy, this is a really good thing beeping off here, folks. Hold on one second. I just want to make sure that's the one I want to see. Looking good. Feeling good. Hold on one second here, folks. Sold a little bit of that seven, eight, six up there at the S&P at 45, 16. Anyway, and I went back to Ter Holt right after that to visit him. And he laughed at me when I told him what happened. He said, do you think you're the only person that ever do this? And he gave me this book, Reminiscent of a Stock Operator. I'd had it, but I never really read it. I knew more than anybody else. I knew what to do. Well, pride goeth before the fall, folks, because I got into that book. I got into the Gardnery book and I studied for nine, 10 months. And that's all I did. I worked for Lilly studied. I'd go into the commodity markets there at Conti about every day for, you know, I'd bring in bagels and stuff just to say hello, see what the prices were doing. Never even wanted to trade. All I wanted to do was learn. Fortunately, I had John Hill to help me, and Dave Nelson, Jim Sibet, Earl Hattity, a whole bunch of Gosker, McClure, those four guys, Jay Cross, took me under their wing and, you know, really, you know, showed me where I was supposed to be. And Joe DiNapoli was there, you know, during that time. He was trading. My God, there were so many guys that you've heard of that were there. But Joe happened to be a very, very good friend. And then I finally got out of this. The reason why I'm bringing this to your attention, I'm going to be doing a date creating class on August 2nd. And if you think for one minute that these, what do you call these things, these algorithms that these people have aren't important, folks, just go take a look. I'm not going to post these up because I want you to do the work yourself. Go look at the 61% retracement on the S&P, the 78% retracement on the S&P, the 61% retracement in the Dow Jones. The NASDAQ is always crazy. It went above the 78% by about 10%. But then once it comes back below it, it reinstates, you know, where it's probably going to go anyway. But this is why you've got to do that. And we're going to be watching it. Look at the trade we had set up for today, folks. This was an absolute beautiful, beautiful bottom here. Perfect ABCD. This particular trade happened to be, oh, that's the wrong button. Bozo, hold on here a second here. We'll get this up here. And we should be okay now with a little bit of luck. Yep. I think so. We'll get this out of the way. Mike Moore will be our guest at the break. There was the 78% retracement in the thing this moved up. It came all the way. We dropped $11. The risk here was $3. It made $11. That was one of the trades that we were doing this morning. Okay, we had some really beauties here. But I wanted to show you a couple of others just to show you. This was a real easy one. Just a minute, folks. I'm having trouble getting these charts lined up and that's what's difficult. I wanted to show you the one in soybeans because this is a really big market and it just follows these numbers and patterns. Just absolutely beautiful. And I want to get this up here and let you see what we're looking at here. There you are. You can see there's a 382 retracement right there. If you looked at it closely, it was a little ABCD in here. Folks, that had 17 cents in it. You risk a nickel and it made 17 cents. This is what I'm going to be doing all day on the 2nd of August from 9 o'clock to 2 o'clock. We're going to be looking at trades like that. There's going to be some really smart people in that room that will be able to help us with the trades. And that will be a lot of fun to watch too because they're very good at this and that's what makes it fun and it'll be the fastest five hours of the month. I can promise you that. We don't take a break other than grab a little drink of water and make a nicturition break. By golly, we'd get a lot of work done. I'm going to go over three PowerPoint presentations and a couple of videos that I think you're going to enjoy and I've got a backlog of files of proving all the stuff that we're going to be doing. In addition to that, you'll be getting things like the flashcards that show the patterns and where the risk-reward ratios are and the statistics behind it. So that's the main thing. Okay, I need to share with you some really important information now. I'm going to put a chart up here from the CME. Uh-oh, somebody's ringing the bell here. I don't know what it is. Hold on. Get this up here. I think we have someone calling in. That's what it is. Hold on. I think that's what it is. Let's check and see. Larry from Wyoming is on. Uh-oh. He's going to ask me a question about standard deviations. Go ahead, my friend. Yes, I am, Mr. Larry P. I just was curious. I can't find a good standard deviation like calculation site. I was wondering if you could give yours away. It's a $500. Send me a check and I'll give it to you. Larry, send me an email at Larry at TradingTutor. Okay. Okay, and I'll show you the quick and dirty way to do it. It's John Jameson showed me how to do it. And it's pretty good. So, you know, they have some... One more quick question. I know you have a good one. Wait a minute. Wait a minute. You've got two questions today. Go to CME for your option open interest. It didn't look like CME. That is the CME. What I did was I copy. What do you call it? I snagged it. But that is the CME. What do you do? Go to the market data. Then you click on the gold. Stay with us, Larry. Will you, please? Okay. Sure. We'll be right back with Larry from Wyoming. Attention traders. Larry Pesevento, the renowned trading mastermind, is holding an exclusive live trading event on Wednesday, August 2nd. From 9 a.m. to 2 p.m. eastern time, transform your trading skills with the real-time wisdom of a Wall Street veteran. Just $295 gets you a front-row seat to this power-packed session, plus a month free of Larry's sought-after newsletter, Fibonacci 24.7, a $97 value. Elevate your strategies, decode the markets, and achieve your financial goals. Remember, this event will be archived for all attendees, and Larry only does a few of these a year. Don't miss this opportunity. Sign up today at TFNN.com, secure your future, and start trading smarter. TFNN. Educating investors. Currencies, 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 is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market Newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 days risk-free today. TFNN Educating Investors. Okay, we're back folks. We're speaking with Larry from Wyoming, and what's your second question, young man? Okay, my second question, Larry, thanks. When you go to the CME, I can't get the same view, which so nicely shows in red if the volume's decreased, whatever. I didn't know it was CME, honestly. I couldn't tell. Okay, well, I couldn't do that. You go to Market Data, and then what happens?  Anybody that wants a copy of that video, if you want a copy, just send it to Larry at tradingtutor.com, and I'll show you the ins and out on how to do it. It's really quite simple. You just go to the CME website.  Then you click on Volume and Open Interest, and voila, there it is.  So it's real simple, but I will do a video for you, but I'm not sure what year I'm going to do it, and I'll wait till I get your check, but I will do it. I'm going to do it today for you, partner. A check is in the mail. You got it. But make sure you send it to Larry at tradingtutor.com. I just want to say, since I've gotten into your way of trading, I think differently. I don't even know how to explain it, but I just see things differently. So I appreciate that, I guess. Tell me how you did that. I'd like to know. No, I'm just teasing you. I had to learn the hard way, though, but let me tell you, this was not an easy task for me, because I went through a whole lot of money before I figured out how to finally get it right. And still, then, I make big mistakes, but in the end, they're pretty good. Okay, Doc, I appreciate you so much. I'll look forward to anything you send. Well, you have to send me an email to tell me what you want. Then what I'm going to do is I'm going to make the video for you, but it's available to anybody else who wants it. Okay, thank you, sir. Okay, you bet, pal. Bye-bye. Okay, now we'll get back to that chart. You'll see that the December contract has a huge amount, and the August is dissipating quite a bit. That makes a big difference in the chart, because it's a beautiful ABCD buy down there at 1942, the market's already rallied $18 off of the bottom today, which is rather rather strong, because that's one half of a harmonic number on one day, which is a really good idea. So that's it. As far as the open interest, folks, the only time I check it is when we're at record levels, like we've been here in the S&P, and believe it or not, with all that stuff that was going on these last few days, these last two days, open interest in the contracts for the futures have been dropping. Folks, that's short covering. That means there's no new dudes coming in here, so that's a big, big deal. So you've got to be really, really careful of what you're looking at here, because it's a really bad deal, because a darn thing, if you don't get new buyers coming in, it's only got one place to go, and that's down. Like today, we hit that 786, and it's already 16 handles, so we're looking at 4600. I just saw the limit mine to go off. It tipped off, so we'll see what happens. The S&P was at the exact 786 of yesterday's range. The Dow Jones was at the 51% retracement. The NASDAQ, it was in the La La Land, along with Lewis Carroll's Alice in Wonderland. I don't know if you know that, folks, but that's a mathematical thesis, that book, but interesting what we're watching here. Okay, now I want to take just a minute to tell you, with a little bit of luck, on Monday, we're going to have Joe DiNapoli on here. He's not going to be talking any politics. It's all going to be market-related. He's not going to make anybody mad, and so don't anybody ask him about anything with politics, but he is good with the market, and he's going to be talking to us from Bangkok, Thailand, and we'll hopefully get everything set up. I chatted with him this morning, and we should be able to get it moving relatively quickly. Now, I want to give you a little heads up here. We've got Mike Moore coming on, but I want to show you the volatility we've seen today in crude oil itself. Let's just get this up here. You talk about increased volatility. You're going to believe these swings. These big swings that you're seeing here, the ones that are marked, are $1,400, folks. That's equivalent to 30 handles in the S&P, or $15 in gold. But look, if you stopped exactly at the ABCD pattern right here, you went up and you stopped at the 78% level right here, and since that time, you've made two swings of $1,000 or more. Folks, this is the kind of volatility that you dream about. So let's hopefully keep this coming because it's going to be a lot of fun. We've got a new moon coming up here over the weekend, which is a good thing to do. So let's play very, very close attention to that because when we come in Sunday, things are going to get pretty rocking and rolling. Stop and think, folks. The market goes down 400 points. It goes up 300 points, and everybody's having a good time. So it's going to be real interesting to see these things unfold as they keep coming down the road. I did, over the weekend, when I do the charts for the, as you know, the... what do you call those charts? I want to get this one up for NVIDIA to show you. All of these charts that I'm going to be doing here are done to show you what's happening to the Magnificent Seven. I'm going to put those into the newsletter to show you the patterns. This is the one that started the AI extravaganza along with Microsoft. You can see we've got up here. We've made a big three-drive pattern right at the 1.618 expansion right up here, and so far it has not closed above that. It might do it today, but we'll have to wait and see if that's going to be the case. But that's still a little bit early here in the day to be seeing if this is going to be... going to be doing anything at all. But the one that, to me, that is really interesting is Meta. I want to get this up here so you folks can take a look at it because it has a really... look at the gap that it had when things were really bad. Folks, this thing's gone up 150%. Can you believe that? Look at that. You had the bottom down. Look at the double ABCDs right there at the bottom. The gap's down, stays there, goes up, makes the 382 pullback, and bada-bing, bada-boom. 150% move, folks. That's better than you can get in the banks at 5% per decade or whatever they give you now, which isn't very much. So let's remind ourselves of that. One, let's see, what other one thing that we had to worry about today was... Oh, I can't remember the other thing that I was going to mention. Okay, let's just get one other chart here that I wanted to show you. Everybody's talking about it because it's all over the map, and that is Tesla. We're having a good rally today, but frankly, folks, I think Tesla has made its high for the year here just a few days ago when we were up there at that almost $300 level, $299, that was exact 61% retracement of the high that we made about seven, eight or nine weeks ago. So that's why it's a really big one to pay very, very close attention to because that number right there was the exact 61% retracement of the whole range, and you can see it's backed off from that. So these numbers, they don't work all the time. They work some of the time, and that's the key thing that you want to realize that when you have that working for you, you got to know when they don't work, and that's what we're going to be talking about on our show on August the 2nd. It'll be... We've had done four of these, and they've always made enough money to... that was the worst we ever did. It was make about 400 bucks. We had several that made thousands, but we can't make any predictions on what we're going to do because God only knows that she does it trade. Let's take a break here. We're going to have Mike Moore of More Analytics coming up. He's in the house. 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. 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. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. 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Educating Investors We're back folks and we've got Mike Moore of More Analytics on the line today. Mike, how are you doing? Pretty good. Listen, what's the story about this $80 level and crude level? It's been up here for three or four days and hasn't punched through. Is that much resistance up here? Well, we're at a really key exhaustion level. Okay. Here for a second. Tell us what we start off with that one and do the gasoline and also the heating oil and then go and do the other things that you'd like to look at. So please start out with the crude oil, please. Okay. Well, thank you all for watching whoever's watching. Just as a bit of a backup on crude, if you've been watching over the past number of weeks and months, you know that we've been bullish in $65.31. We've seen $15.29 ahead of that. And there's some other various projections to the upside as well. And just recently, the break-in break-off of $76.52 brought in $4.18 a sense of strength. I said, however, we break back below $78.97 plus .5 a tick per hour. That don't warrant a decent pressure and we're holding this exhaustion just above. So we just popped above it a little bit yesterday, but we're still basically holding it. We held it here, held it here, held it again, popped a little bit and then we held it exactly again right here. So either this is going to break above that and continue to higher exhaustion levels up in the $84.17 to $84.41 area. Or if we fell back down below this formation, then this should capitulate to the downside. That line is going to come in at $79.01 and move up slightly per hour, but that's going to come in $79.01 as of 1 o'clock p.m. eastern standard time. I would also note just to jump for a second that the Brent has also been strong and it broke above a significant formation right here the other day. And this formation projects it up worth $13.95. So either we're going to start to really see more of that or if this fails back down below this line as well then this thing would capitulate to the downside. But really if it's been leading the charge is the heating well that's really been moving pretty well to the upside. That crack is really been leading also let me just pull that up for a second. Hope it's okay. I'm jumping around here but the heating all the break above $2.30.05 weren't a decent strength. We've seen $66.00 of that so far. And again just as a reminder to anybody watching if you want to figure out how that what that looks like in crude dollars you just go 56 66 times .42 and that'll give you that in crude dollars so it's roughly $23.79 in crude dollars and the unleaded gasoline also has seen quite a move up not quite to the extent of the heating well but that has also been leading the charge and the unleaded gasoline .42 Mike asked a question today in heating oil you've had about a $3,000 move $1,000 down, $1,000 up $1,000 down, $1,000 up anything causing that is there news out there that's making crude jump around so much? In the heat well crude you're saying? Crude oil, crude all the September contract it's gone from 70 to 80 from 79 to 80 to 79 50 I mean it's just Jim it's always jumpy but this got a lot of it in there today yeah I think that this is kind of a real power struggle between this exhaustion level and this line right here if we pass through this thing I think that's going to open up the upside more to higher trade okay make sense to me there's a lot of wood up in here too there's a lot of major resistance areas 99 to 80, 175 81, 44 sounds great good that's all I wanted to ask you it makes sense to me so it's a big kind of summary just remember one of the main things is that the Brent broke above that major formation so we're either going to see a piece or all of that major $13.95 move to the upside or if that fails that line solidly then this whole thing is going to come off for days last weeks and this is a quick notation this is the Arbaid the heat spread which has really gotten destroyed over the past number of days we've been bearish since this day actually until we fell back down so this just goes to show you the importance of understanding what this spread is doing because that makes a difference of $3,500 in just three days we're going to be hitting all as opposed to the Arbaid also we're just breaking below a major formation in the Arbaid this projects this downward another $1,200 ticks so that would be the equivalent of you know $5 and whatever since in Crudewell so that would be another $5,000 per lot and this is another quick jump over here the heat crack really been strong seem a lot of movement in here and again we got bullish we've been bullish from way down in here but bullish again just on the other day that's just a difference of $6,000 being low on the heat as opposed to the Crude over the past three days that's why it's really critical any of the listeners if you're thinking oh I just trade Crude in my opinion that's a massive mistake as you're leaving in an enormous amount of money on the table by not understanding whether or not the longer short the Arbaid the heat instead of the Crude and these spreads are a pretty good way of dictating which of those you should be in are any books on that? someone's asking the questions are any books on these spreads on how to trade these Arbaid and heating oil stuff is there books on that or not? I am the book I love it that's the answer boys and girls well actually in the just a little self promotion here I mean in the analysis I analyze each of the markets here but then down below I go into in-depth analysis every day of the Arbaid the heat spread the heat crack and the Arbaid crack and I also have documentation on my website as to how to utilize those but basically using those three spreads to determine strength or weakness relative to the other ones does that make sense? makes great sense you betcha let me just go through that just one last time to answer your college question so if you're a heating oil this is your heating oil crack it's called a crack because when the crude oil comes into the refinery it goes through a machine called a cracker and it cracks out of it either heating oil or Arbaid so in the spread whatever you're doing to this spread you're either buying or selling the product and doing the opposite of the crude so if I'm long the heat crack that means I'm long the heat and I'm short the crude so that means that I feel that heat is strong relative to the crude or crude is weak relative to the heat it's always a relative thing same thing with Arbaid the crude you know if I'm bullish Arbaid the crude for example right now the heat the crude crack that means I think that the heat performed better on the upside than the crude first Arbaid crack so I think the Arbaid should perform better than the crude and then I just go to the Arbaid the crude crack and tell us to get the heat should outperform the Arbaid we've got to pay a few bills Mike we'll be right back with more analytics folks you might think that if you want to be successful at trading in the stock market 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 the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors are you ready to take your trading next level introducing Tom award-winning newsletter market insights your key to successful active trading Tom O'Brien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real time analysis and trade recommendations delivered straight to your inbox whether you're a season trader or just starting out market insights provides the edge you need with confidence ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade LABU or LABD directions daily S&P biotech three times bull and bear ETFs visit direction investments.com biotech today an investor should consider the investment objectives risks charges and expenses of the direction chairs carefully before investing the prospectus and summary prospectus contain this and other information about direction chairs to obtain a prospectus or summary prospectus please contact direction chairs at<PHONE_NUMBER> the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC is brought to you by Vista Gold traded on the NYS the American NTSX under the symbol VGZ we're back folks for speaking with Mike more and more analytics please continue Michael all right I guess the only thing we didn't look at was the natural gas so let me take a look yes there's always interest in that so please let us see what you have I think I just give me a second I closed it all Mike you live in do you live in Nashville no right outside of Knoxville Knoxville okay great Dick I moved down here straight from the World Financial Center wow why did you pick that area my wife's from down here okay that makes good sense and the trading floor was really kind of going out so it's like well I don't really necessarily need to be living in the World Financial Center anymore so I just can't believe what we have in front of us now compared to what was back in the pits you know sweaty dangerous you know outtrades all this other stuff you didn't know what your equity was till the next day and now you got everything right to the second you know it's just amazing I remember the natural gas pick got so violent one time that there were only two female traders down there and the one female trader Cindy she had to crawl underneath the ring so she shouldn't get knocked over by these other traders in there there are guys in there six foot six six foot seven oh yeah a lot of Chicago bear and Chicago bulls so when they retired they became pit traders especially in the Euro dollar pit and T-bills I remember I knew some of them absolutely I never went into pits I stood on the sidelines or stayed up in the office but it was fun you know so the natural gas just coming back a little bit we'd held exhaustion down here had a full bull structure went into a bearish correction held exhaustion down here broke above this line got bullish broke above these lines got bullish and then just recently been bearish into this roll back into here so I think this is this may just be a pullback before heading up and starting new bull structure or this isn't this is possibly in the midst of a bull structure this would be maybe the third leg up if it heads up if you come back up we take out this line right here though that's going to project that to project this to the downside that comes in at 2543 okay as of 2 o'clock p.m and just as an overall in here we've talked about this last time but we've been in this long bearish slide I would note that these lows are bottoming out here and turning up and we've made new highs here above this often an indication that this thing is shifting back to the upside okay you want to take a look at the S&Ps or yes sir they love that with all the action we've had in there please show us what you're looking at alright so actually yesterday was a really good day in the analysis particularly it was just a great technical day we had held excuse me we had held exhaustion up let me just back up basically if you've been watching the show for a while you know I've been basically bullish from 3502 we've balanced 1132.5 points you can read about a bunch of the rest of these later and then more recently I said that trade above the settlement above 45, 2750 to 45 33.25 increases the likelihood of a run for 4808 plus we've seen 101 in a quarter of that so far basically I think this is heading up to take out the highs in general dropping down on a shorter term basis we held this exhaustion level right up here at 46.35 even with day 46 34.5 high which I noted here in the analysis like caution possible medium time frame exhaustion there we held that and rolled over 80.75 we also traded below this formation which I said was bearish that brought in 51 and a quarter and we broke below this formation only saw 29.75 before breaking back above it so now the break back above it warns of renewed strength likely to take out these highs I think this is just a short term pullback if not and this rolls over and takes out these lows again this could be a deeper correction but as it stands right now I'm polishing here and we'll take a look at the gold if anybody has any questions just stop me so far we're okay and the gold turned bullish again today we had back up here a little bit the break above 16.41 20 brought in 444.2 strength we've had a bunch of other formations in here that have also projected it upward more recently though we broke down below this formation which warned of pressure saw the pressure we were looking for before rallying all the way back up and rolling over even to lower lows now that we've broken back above this line this warns of renewed strength we'll take out the upper line and if we take this line out that's going to project this upward at least 20 or 30 per ounce and that line right above is going to come in at 20, 16, 80 okay on the hour and that moves down about 0.6 of a tick per hour but that'll be a pretty nice formation definitely project this higher and now we just held exhaustion here as well and some other supporting areas and then finally we got Bitcoin been kind of quiet lately had a couple of good trades in here though we had completed it in upward bullish structure I said we were likely in the last stretch of the move up from 14, 9, 25 we were in various possible exhaustion above and I wanted to break above 31, 655, 8, 60 and back below would warrant pressure again we've seen 2,845 of that and then the trade below 30 755 projects this downward 1,200 plus we've attained 1,945 of that I also noted if this is a bearish correction the minimum target is 25, 7, 10 so we still got quite a ways to go to get down there this minor formation twice and reject it off of it if we break above that formation I just lose you there sorry bear with me if we break back above this formation that's going to warrant a renewed strength and that formation is going to come in at 29,767 29,767 plus one tick per hour and as of this hour that would reignite bullishness to the upside ok by the way I know me blowing through a lot of this may seem quite dry I am a more animated person but when it comes down to technicals I'm pretty straight to the point you do a great job my friend so keep it up we'll have you on again next week ok thank you sir I appreciate it put on Wednesday of next week Mike and we'll have you on Wednesday of next week oh not Wednesday Thursday of next week ok see you later we'll be right back folks<PHONE_NUMBER> 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 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? 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 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Tiger TV that's TFNN.com watch Tiger TV ok folks on an astrological environment here that we're watching we do have the full moon excuse me a new moon coming in at perigee and that's when the earth is as close to as far away from the moon as it can be that has extra magnetic force and also remember folks that try to do things for your neighbors that are out there because some people are having a very very difficult time doing this now we're having tremendous volatility you notice that today's high we went back and we made a 78% retracement in the S&P 500 so far today and it might still go higher but remember we're having incredible volatility and the only way you can protect yourself for that is by using stop placement if you're not using a stop you're telling Mr. Market or Mrs. Market that you know more than she does and folks she doesn't like to hear that and so what that means is you're probably going to get yourself into some trouble so use something to protect yourself whether it's a desktop but don't like desktops because they don't fill them in the pit and sometimes they go running through your prices that by the time you want to put the stop in you're already in big trouble and that's no fun to be in so let's remind ourselves of that folks you've got to protect yourself we're going to be talking about risk control of course on August the 2nd when we do our day trading thing we're going to be teaching during the time we put a trade on we're going to be showing you the trades we're going to be finding the patterns putting on those patterns that we find and showing you why they're there the mathematical reasoning behind it they'll be verified by the the flashcards that we have for you folks and you'll get some books that are also very interesting that help you in your trading search because trading is a journey it's not a destination folks it's the same as I did the first day and I talked to Larry Williams quite a bit and he's the same way Peter Lighties is the same way it's just something that once you get to do it it's just a heck of a lot of fun but learning how to do it the right way it takes a little longer sometimes so live every day in an attitude of gratitude and may God bless we'll see you on the flip side on Monday folks


In 1966, a winged creature with glowing red eyes was spotted in the small Appalachian town of Point Pleasant, West Virginia. It was continuously sighted for a year before a tragedy befell the town and then it mysteriously disappeared. Today, we're going to talk about the mystery of the Mothman. This is Red Web. Let's dive into the sightings. Clendenin, West Virginia was the first instance of this creature. It was first spotted by three gravediggers on November 12th of 1966. They said it soared overhead, but this is the only spotting of this year in Clendenin, West Virginia. The rest all took place in a town called Point Pleasant, West Virginia. The next sighting was from two couples. They were drag racing in a 1957 Chevy at night and what was known as the TNT area, kind of like Dynamite TNT, not the channel or whatever else. TNT knows drama. They do. Maybe they made, maybe this is a, no, anyway. November 15th, 1966, this is when this went down. Just to expand a little bit on this TNT area, it was a top secret government facility that was used to create explosives for the atomic bombs that the United States was making around that time. Employees were driven there on a bus with blacked out windows so they couldn't see exactly where they were going. This area, this government facility, was abandoned after Hiroshima in 1945. In the area there are still old factories and scattered bunkers where explosives were stored and they still have leftover materials and we'll kind of dive a little bit more into that later on. But in 1966, this area was converted to the McClintic Wildlife Management Area. So they're taking something that used to be a bit nefarious and turning it into something a little bit nicer. Ain't nothing wrong with that. Managing that wildlife. Turn around, okay. Yeah, so that's the TNT area we're talking about. The two couples that were drag racing in the area. We have Roger and Linda Scarberry and we have Steve and Mary Millet. They noticed some strange movement in the abandoned munitions plant. As you might do when speeding through in the night and they drove away and as they turned to go away, something began chasing their cars and they described this as a large flying man with 10 foot wings. Gray appeared not to have a neck and when the headlights hit the creature, its eyes began to glow or they lit up with a glowing red. When they returned again to town, they did tell the police what they saw and they reported it at 2 a.m. So not too long after they saw it. Deputy Millard Halstead knew the couples personally and so he believed their story. The police went searching that night but didn't find anything. A few days later, two volunteer firefighters saw quote a large bird with red eyes. The next sighting was by Marcella Bennett on November 16th of 1966. All clustered together by the way. These all happened within a one week span of each other. Marcella and her family said they saw the creature while visiting friends that lived near that TNT area. They saw red lights overhead and when she went to investigate, they said it landed near their car and Bennett noticed that it looked like a man, but its legs were covered in feathers. Red eyes, its wings were drawn and it had no neck or it had its neck down in some way. She couldn't run. She said she couldn't look away and when she finally did get herself to turn around and face away from the thing, she said she collapsed in shock. Newspapers then began to pick up the story and report on it. One anonymous writer named the creature the Mothman at that moment inspired actually by Batman. So police dispatches were interrupted at periodic times. Some even heard screaming on their radios. Many people had malfunctioning cars or appliances. The Scarburys who we talked about earlier said they heard strange beeps and large garbled noises around their trailer at night that led them to move actually into their parents home. And some other people said they saw UFO sightings. Many people claim that they had doors opening and closing on their own. Many Mothman witnesses actually received strange phone calls and visitors to their home. These strange visitors that kept appearing at people's houses were the supposed men in black. These men in black started showing up in town. In fact, even before the appearance of Mothman, citizens were reporting UFO sightings and these like visitations from the supposed men in black. The last detail that I think is interesting about the men in black is that they were always described as awkward, socially awkward, translucent, maybe very fair skin and had oddly long fingers. Some people and this is kind of diving into the men in black topic in general. Some people wager that these are aliens or or a different species that live among us. But that's for another episode. So now comes the tragic event that happened to Silverbridge. You might have heard of this. So Silverbridge is the bridge between Point Pleasant and Gallopolis, which is in Ohio. And on December 15th, 1967, this was a little over a year after these major sightings, Silverbridge collapsed. It occurred during rush hour when lots of people were out holiday shopping. 37 cars in total were halted on this bridge and the bridge began to shake. 64 people fell into the water below and unfortunately 46 of them passed away. Some people blame Mothman for what happened, claiming that they saw Mothman on the bridge before the collapse. Others claim that they heard a sonic boom right before the collapse, but there's no evidence of this. So that is the story of Mothman. If you want more details and theories, check out Red Web wherever you listen to podcasts.


estimating the amount of plastics that enters the ocean is subject to significant uncertainty. This study uses ocean plastic abundance data to refine our estimate and reduce this uncertainty, enabling more effective control and mitigation policies. This article was authored by Yinshu Zhong, Pei Pei Wu, Ruocheng Xu, and others.


A job cost sheet is going to be used to help us to track the costs of inventory or jobs to a particular job. A job cost sheet or job cost system could be used for a manufacturing company that produces inventory. It could also be used for a service company that's tracking, say, time that goes to a particular job, say a legal firm or an accounting firm that needs to track the time that they put in to a particular job would use a similar system in order to track those costs by job. In a construction company, oftentimes we're going to use a similar job cost system because again those jobs are all going to be different in nature. We'll have to track the costs to jobs. If we make something like custom, anything that's going to be customized, customized guitars or something like that, if we produce inventory, in other words, we're going to have the same kind of issue that we're going to need to be able to track the costs to the particular job. The inventory is usually the one that we work with in a manufacturing company that makes inventory because it needs to track the costs to job and has the added complication of dealing with inventory, meaning materials that we'll have to be dealing with. Now the job cost sheets are going to be a type of subsidiary ledger. If we think about all the job cost sheets put together, they are going to support amounts that are going to be on the balance sheet. In other words, when we have work in process, when we start to work in process, the inventory account that's going to be tracking what we're doing in terms of the inventory for putting together guitars and we're tracking the cost, the direct materials, the direct labor and the overhead of those guitars on the trial balance, on the financial statements as an asset in inventory, then that number needs to be supported by something like a job cost sheet, job cost sheets, multiple sheets that will be reporting and supporting that in a similar way as one, every account has a GL account, every account has a GL account and that gives support to those accounts by date of transaction. Some accounts need more than that, however. For example, accounts receivable is not enough to have a GL account. We also need to know that the supporting subsidiary ledger by customer, which customers owe us money so we can track that and hopefully collect. When we talk about the inventory account, we're going to break that out to work in process and finished goods. Whenever something goes into work in process, it's not enough for us to just know the date of the transaction as will be on the GL, the general ledger. We also need to know which job to track these costs to. So this is similar to tracking the accounts receivable by customer. Here we're tracking the work in process by job that we have, the job that we're applying this to. Now the job cost sheet could have a customer here. It may be the fact that we're making, we're assigning jobs, we're making jobs and maybe we don't have a customer. We might be in a system where the customer custom orders the job and therefore we have the customer that we're going to start to create the job for and that's typically the case because if we're in a construction company, if we make custom anything, we're typically going to get the order, we're going to know the customer and then can create the job, typically with a job number from it. But it's possible for us to make a job for something that we're going to have that on display or something like that and not have the customer at this point in time, right? But we would have, of course, a job number. We need a job that we're going to be working on. So it would be depending on the industry in terms of how these job costs sheets might be formatted. We could have the address, the job description, depending on what we're making, if we're making custom guitars, we might say the type of guitar that we're making in general. We might have the date of the proposed date, the date started and the date completed on the job. And of course, when it's completed, that's when this job then would go from work in process to finished goods. It would then be done and we can make the general ledger transfer from what's in process to the finished goods. Now the job, any job cost sheet, no matter what we're dealing with, is going to have the three components, unless it's a service company, right? If it's a service company, if we're a law firm or for a bookkeeping firm, all we really need to track is the labor, is the, yeah, the hours, the labor that we had. So if we work on bookkeeping, we need to know how much time we spent and who spent the time and what their billable rate is for any particular job. So we would, we would have this and then we're going to have the overhead of like the office space and whatnot that we could, we may include in a job cost sheet. So those would be for a service company. Of course, it's a little bit more complex for a manufacturing company because they're going to be dealing with materials. So if we deal with a manufacturing company, like making something like custom guitars, then anything, anytime you think of inventory, anything that deals with tracking inventory, what's the value of inventory, its value is the direct materials, the direct labor and the overhead, all the other stuff. So those are going to be the three components of our job cost sheet, direct materials, direct labor and overhead. And then we're going to have to track that information in some way. So the direct


The 2022 annual Southeastern Kentucky Chamber Awards night is September 27th. For tickets call<PHONE_NUMBER>. You can also watch live on the free Mountain Top TV app. Remote Area Medical held their free dental vision and medical clinic at Eastbridge High School in Lit Creek Kentucky on Saturday, August 27th and Sunday, August 28th. We're doing dental cleanings, fillings and extractions.  Though the turnout for opening day of the clinic was much smaller than expected, many still turned out to receive not only medical services but a plethora of free items such as shoes, jackets and water. We're also going to be right across the border into Virginia, in Grundy, Virginia in just over a month, beginning of October. We'll be in Rutledge, Tennessee, which is just over the border down into Tennessee in just a couple weeks. For more information about upcoming clinics or to volunteer for future clinics you can visit ramusa.org. For Mountain Top News, I'm Kelsey Dean.


The study of quantum behavior in macroscopic objects, specifically through quantum optomechanics, offers an opportunity to investigate the foundations of physics and develop quantum-enhanced technologies. Despite recent progress, preparing mechanical quantum superposition states remains challenging due to weak coupling and thermal decoherence. A novel optomechanical scheme is presented that utilizes non-linearity in multi-photon quantum measurements to generate quantum superposition states of motion in a mechanical resonator without strong, single-photon coupling or the need for optical loss. The approach allows for larger superposition states by projecting the optical field onto noon states and offers better scaling against initial mechanical thermal occupation than existing schemes. Experimental demonstration on a mechanical thermal state in the classical limit shows interference fringes in the mechanical position distribution with phase super-resolution, opening a feasible route to explore and exploit quantum phenomena at a macroscopic scale. This article was authored by Imring Bauer, T. J. Winehold, L. A. Howard and others. We are article.tv, links in the description below.


Everyone Sam here with late and sports guards doing the random for this Mack Brown forgot to do it because it was all a little bit too infatuated with the Herbie so we're gonna go ahead and random this one off to everybody in the break since it was a What's it called? He's a coach didn't play anywhere. I'd never coach the NFL. So it all goes to random So let me take you over to the random screen gonna roll the dice whatever team is on top after Fort are eight times. We'll get the Mack Brown auto Good luck one two three four five six seven eight Go into the Cowboys Go into the Cowboys Appreciate that Again, we'll get this uploaded to YouTube and be good to go. So I appreciate that again. Thank you guys


One interesting way to modify your squats is by adding chain load, so I don't have any equipment here So we're gonna kind of use our visualization tools right now. So picture that I got a bar on my back, right? So the weight is Just straight weight, right? It doesn't change at all as if I have 200 pounds on the bar I have 200 pounds here. I have 200 pounds here. I have to 200 pounds here I have 200 pounds if I missed the lift everything, right? With a chain it might be easier to kind of illustrate this Let's picture that we have a bunch of books and now one book isn't very heavy But 400 books is very very heavy if you've ever moved a box of books That can be very difficult and it can cost a lot to ship them because they're so heavy, right? Chains are a lot like a bunch of books So if I have a chain I have one link of the chain right one little circle link thingy That one link doesn't weigh that much But when I combine them and I have 25 30 40 links in a given chain Then we accumulate a lot of load. So general chain weight is about 20 pounds per chain If I do math you could probably figure out how much that is for a link, but it's less than a pound per link, right? The reason this is important is because I can modify your squat Make it heavier at the top by adding chain weight, but the real benefit comes from Making it lighter at the bottom and now how does that happen? So when the chain hits the ground the ground is supporting the ground is now holding up that chain weight So I don't feel it on the bar That way when I squat down it's lighter here and it's heavier here. Why is that important? Well, there's there's two major reasons one I have pretty good mechanical advantage up here at the top and I can support the extra loading Let's say there's three reasons. I'm making this up on the fly, right? So I have good mechanical advantage at the top number two Having that extra load tells my body. Let's get ready. We're about to go Okay, so if I'm supporting 300 pounds at the top, but then 200 pounds at the bottom My nervous system is ready for 300 pounds and it can trick me into moving faster with the 200 Right, I can come down and I just boing up So Good mechanical advantage. We have this Accelerative component and that's that's kind of like point three, right? So if I use two I can point to I am activating more neurons I'm getting the body going but point three is that if it's lighter at the bottom Where I have less mechanical advantage. I can use that to my training advantage I can move quicker through lighter loads and then continue to accelerate through this rep So as the as the chains come off the ground the weight gets heavier and that slows me down If we look at how a a lift happens, right? Most of the lift or a significant portion of the lift is me actually slowing myself down at the top So that I can come up here instead of like this and jarring myself, right? Though chain weight can do that for you and so you can accelerate you can have this purposeful push throughout the entire rep so Let's recap. So three major reasons that I might want to use chains. I can Load my mechanically advantaged and unload my mechanically disadvantaged positions. I can post activation Potentiation I can turn on some muscles. I can turn on some nerves I can increase the neural drive by overloading these efficient top portions and then commencing into a rep and Then three I can teach my body to accelerate through a load produce more force and therefore more power