Hey guys, Eddie here and welcome to another video. Today, I've got the very tough task of basically explaining to you everything you need to know about financial markets in 2020 in under 10 minutes. So let's get into it. We can't start talking about this year without talking about global central banks. They've pumped billions and trillions of liquidity into the system through quantitative easing, through easing of interest rates with forward guidance basically saying we're not going to raise interest rates for the next two years. We all know that interest rates simply cannot go up just due to the sheer corporate leverage, the private leverage that we've got in the system. Interest rates cannot go up for a very, very long time. So since the March 23rd bottom, the Fed has stepped in, pumped huge amounts of liquidity into the system.  And that's why we're seeing such a divergence between financial markets and the real economy. Global GDP annualized, whether you should annualize it or not in America, is down over 30%. In the UK, we've seen it's down over, sorry, 20%. So global GDP is starting to pick up for the global devastation that we've seen all over the world in terms of lockdowns preventing people from working, consumption patterns changing, consumption making up such a big proponent of GDP that we're yet to see whether those behavioral patterns are actually permanent and there's structural changes to the economy. But global GDP fell off a cliff and we're yet to see this really return to normal levels.  Everyone's gone a bit fang crazy. So if you're at home, chances are you're ordering from Amazon. If you're working from home, you're using Azure, you're using Amazon Web Services, you're using your Google search engine. Okay, you're watching YouTube videos when you shouldn't be watching YouTube videos. Okay, so global, basically domination from these behemoths of not only the S&P, the NASDAQ, but really the world. And I like to say, this is just, this is a fang world and you're just living in it. And they came out with blowout figures. Okay, so there was a lot of hype about these names and people were putting a huge amount of money into them. But they came out, Amazon made over 9 billion in one quarter. And this is when the economy was completely shut down. So that just shows you the power of these giants. Okay, and they're driving a lot of major indices, especially in the NASDAQ. We've seen the emergence of David Portnoy and retail trading. So Charles Swab, E-Trade, Robin Hood, you all that know the names by now, everyone is sat at home supposedly trading, you know, your favorite names like Hertz, okay, so some pretty dangerous bankrupt names. Okay, one story that was in the news recently, Kodak that was up a huge amount over 600% has come crashing down to earth as a result of reality stepping in. So lots of retail traders have entered the market, whether this is moving markets or not, you know, there's some other forces at work there. But you're seeing a major adoption really of investing, while people arguably were gambling or were doing other things, you know, lots of people as stocks have hit all time highs, particularly in the NASDAQ, you know, lots of people have been entering the market. We can't have a video this week without discussing gold, okay, the safe haven asset that is the yellow precious metal, lots of investors are seeking security in this precious precious metal for a range of different reasons, be it global uncertainty, a store of value, an inflation hedge, if you're looking at inflation expectations, real yields, for example, the lack of yield that you can get from assets like the 10 year treasury, okay, and really the gold story here is inflation and inflation expectations more recently picking up this arose the future cash flows of asset classes like bonds and lowers the opportunity cost of actually holding gold. So we're seeing, you know, big farms like Bridgewater adding to their positions, okay, and lots of investors actually seeking refuge in the precious metal, especially when we've got a huge amount of risk on the horizon. Okay, so the November election in the US, as a good example, US China trade war tensions rising as well. So there's a lot of risk in terms of the economy and whether that's going to really recover and firms are going to remain solvent. Okay, we can't talk about 2020 without Tesla.  You know, is it a good ESG play? All I know is Tesla shares have had a wild ride, you know, rising above that $1,500 and they've just announced a five to one stock split, okay, to make it even more accessible to retail traders, you know, despite the big price rise we've seen. But it really is a great story, you know, whether, you know, it reverts back to the mean, we'll have to see. But Tesla is definitely a story for 2020 in amongst the devastation that we've seen with economic activity. Oil as well as we know when negative, okay, in April went to negative $40 a barrel. And it's funny, I was talking about peak oil where it was $160 a barrel, which is hard to believe now. Now we're sitting around $42. So there has been a bit of a rebound as some of the supplies been taken off the market, and global demand or the basically the thought of global demand picking up as lockdowns or ease have started to pick up. So oil prices have rebounded, whether they're overextended or not, we'll have to find out. But what we do know is that caused a lot of damage in the economy, particularly with US shale, with prices of the barrel of oil being sub $40, which is generally the break even point for those firms to make money. Okay, so lots of firms went bankrupt in that sector. Yields are at record lows and yields are probably the most important thing. At the moment, we're seeing real yields fall dramatically into negative territory. Okay, and this is actually driving or one of the big driving forces with gold, so real yields and gold are moving in lockstep. Okay, so the world is being starved of yield. Okay, so with these, if it's a treasure at 50 basis points or 60 basis points, if it's a German Bunda negative 50 basis points, you know, this is leading investors and portfolio managers, allocators of capital to really search for yield elsewhere. Okay, so if it's CalPERS, a big pension fund looking for a 7% return, they're seeking to more risky asset classes like private equity. Okay, which is to match basically their unfunded liabilities. And that is definitely something that I'll be watching with quite a considerable detail. But a lot of money has arguably flowed from these, you know, bond yields into the fangs, right? They have pristine balance sheets, low debt, huge cash reserves, huge free cash flow. Okay, so they're super attractive.  They do well and the economy is doing well. They do even better when the economy shut down. So who are we to judge them? But what we can see from this chart is yields are at record lows. And actually, we saw yields rise just slightly and gold didn't move. So that's definitely a good thing for gold. Okay, so what's coming next? We're entering this phase where demand and revenue obviously is now starting to return. So that liquidity problem that companies were facing, you know, is something in the, you know, backdoor mirror. Now we're looking, can they remain solvent as the economy kind of comes back online? You know, are these firms going to be able to manage? Is a restaurant going to be able to manage at 30% capacity? Is a gym going to be able to manage at 30% capacity? What about a hotel when all of these traditionally rely on at least 70% capacity to even make money? Okay, so we're entering a phase now where we've got stimulus, another stimulus package that is struggling to get past in the United States, furlough schemes ending in the UK as an example, another lockdown coming from France. So, you know, there's huge risks on the horizon. I've got a picture of Donald Trump. Heard the nice looking man he is. There's an election on the horizon in November. Okay, so that's definitely something to be watching as well. And according to the structure, you know, there's going to be some volatility there with Kamala Harris just being allocated as a VP for the Democrats. So there's definitely risks there. US-China tensions are bubbling as well. So there's a lot of risk on the horizon. But I guess we're all here to make sense of it. So I hope you enjoyed the video. And I'm pretty sure I've done it in under 10 minutes. I 100% missed out a lot of different things. If I did miss something that you would like to hear about, put in the comment section below. As usual, subscribe to the channel for more great insights from all of the team. And I look forward to getting more involved in the YouTube channel from my little YouTube vacation. But take care. I hope you enjoyed the video.


ch 14, 2020 meeting, but we did have that very successful two-day series of round table discussions where all three licensees met with us as if we were in one room, of course, public. So that's an example. They were from around the country and around the state. So there are some examples. Maybe circle back to Brad. Does that make sense on Nekisha and Ani? Are you guys all right with adding some examples? Nekisha? Excellent. Ani? Okay. All right. Great job. Is the timing right from your perspective, Brad, Milsen, Crystal, to go out right when is there any magic to what day it goes out? I would do sooner rather than later because we're getting up to that July 31st deadline and that's when it's probably going to pop. I know they can do it in an informal session, but something like this I think they would do probably in a formal session. Okay. So in hard coffee, correct? In the mail? All right. It's great to have Brad's immediate expertise there. I might have taken about 15 minutes' conversation back in the day. Email, hard coffee. Email, hard coffee. Thanks, Brad. Okay. Is there anything else for commissioner updates? I'm just curious for commissioner Scherr maybe give us just a real, I know it's late, just a really quick of what the conference that she went to. Was there anything worth sharing here? Yeah. You're talking about the Iagra. No. Yes. Iagra. No, I am GL maybe. I am GL. Sorry, there are so many. International Masters of Gaming Law. So the panels had a more of a technology type focus. One of the things that was really big was not sports betting, but kind of what comes after sports betting online gaming was what was cited. Is that the next wave? And along with that, there was a lot of questions around how, you know, what does responsible gaming look like for the online gaming world? How do you implement a program that is effective? How do you, you know, monitor certain things relative to, you know, the things that we would monitor, Mark and his team relative to gambling in the casino? How do you put that into practice in the online gaming world? I thought that was interesting. A lot of international participation, which I thought was very helpful. There was a tribal gaming arm, you know, which is, I think, a foreign language to me at this point. I know we don't have, we have tribal communities, but I don't know, you know, sort of the history in terms of what the commission's role would be. So I have to come up to speed on that if me or ever to have to consider that as a matter. On the sort of social side, I did get the opportunity to meet the folks from GLI, which was very helpful. I did meet folks. I was able to put a name with a face with a name for a lot of folks that I dealt with in my role as chief of licensing. So that was very, very fun. Overall, very good experience. Very first gaming conference. So I do, I'm very grateful to have had the opportunity to attend. I do want to let Commissioner Hill know that that same is planning a new regulators conference for some time in July. I don't have any specific information about it yet, but I expect to get that soon. And I'm looking forward to sharing with you in case you are interested in attending. Which, which conference, Nikisha? It is, I don't have a lot of detail. I was just approached by the president of IMGL, Mark Elinger, who mentioned it and he indicated that I would be receiving an invitation by email, but it is a new regulators training that they're putting on no information other than that. So it may or may not be helpful, just throwing it out there as something that we should keep an eye out for. At least I will be as a new commissioner. I wonder if it's better if Crystal, maybe we have Crystal just reach out proactively and see what's what for scheduling, because I know Crystal you've been tracking all the others. So yeah, I certainly can do that. Anything else? And Commissioner Skinner, that's been a tradition in the past when somebody attends a conference that they might provide an update. So thank you for that. I hope it was helpful. Yeah, it looked like it was technology centric and I thought that was very exciting. Yeah, they talked a lot about cryptocurrency and sort of, you know, moving in that direction where casinos are accepting that as a form of payment. So just, you know, it was a lot of information, but not all of it was directly relevant to Massachusetts. Okay, all right. So it is 416, everyone. It's been a very long day. Karen, should we proceed? Well, I wanted to just ask the commissioners if, I mean, I recognize this has been over six hours and that's exhausting for you being on. Do you, I was just looking at the calendar, the other option potentially, if you're interested instead of doing this today would be maybe before the agenda setting meeting next Wednesday at nine, we could do it then instead, but you know, I'm available, you know, however you want to do it, but I just thought you might be tired commissioners. I mean, unless there's a timing reason if we can squeeze it in before agenda at like 930 next week, I don't know, that would be probably the better way to do it rather than do this while we're all fried right now. Agree. Commissioner Hill. I'm fine with me. I thought you were going to go, I'm not fried. I love six hour meetings. When you see my face go from white to red, it's about, I'm done. I'm done. Commissioner Hill, all you're going to do is go home and see the local news and replays on the basketball game. It's just not healthy. Don't turn on that local news. All right. The procedure, we already have a public meetings potentially scheduled for that day, but that starts at 10. Do we start the time now, we amend the time to nine and then do this first or start the agenda setting at nine and do it right afterwards. But we only have, we had a half an hour allotted for this today. But I tell, I mean, you tell, you tell more than half an hour to think or it could be. I mean, I think the, the information, I mean, if you've had a chance to review the information, so there's, you know, survey information and, and then the information that Marian, I believe Marian sent out, just being careful that there's a reason this is an executive session. So I don't want to speak about it publicly. I mean, we could do a half an hour and then I expect this is going to be a continual conversation. So it's not as if it's going to be resolved on that day. So I just, from an administrative standpoint, I need some direction on where we're going because I could just say that we're going to have Jacqueline and Crystal explore the calendars of all those essential to the discussion and we'll decide if it's a 930 start or a 10 to 1130 or noon or whatever. But we'll look at our calendars. That's a great idea to add it to the agenda setting. I know that there's a standing meeting that usually comes in right after those. So I want to be cognizant of that.  We want to be cognizant of that. So we'll just leave it to the specialists and they will find us a scheduled time. And Crystal, I think it works in coordination with Todd that as long as we, because you haven't posted anything yet, right? So we can just get, we can set it up for public meeting and it's okay to start with the executive session, blah, blah, blah, blah, blah, but it's the timing that we need Jacqueline and Crystal smarts on. Right? Okay, we'll work on it. I think, like you said, chair, it's usually complicated after. So it's likely I will make sure that works for staff and everyone too. Yeah. And I don't want to presume either Commissioner Skinner or Commissioner Bright or Commissioner Hill are thinking about their schedules right now on, you know, in a way that's smart enough to make a decision. So, and I have, I don't know what mine is that Wednesday, but it's probably clear. So, all right. Are we, are we good? We didn't get, we don't normally do this, Nikisha. This is the first, I think, where we didn't exhaust our, maybe not, our agenda, but it was a busy, busy day. And so thank you, Karen, but to your team who stuck around Mirian in particular, I am, I guess I can extend my apology because they stayed here today, but I, I think the commissioners, I think it's just too long of a day now. So, all right. So thank you. I need a motion to adjourn. Move to adjourn. Commissioner Skinner, you missed the opportunity. I think. Commissioner O'Brien, I was getting so good at making motion. I stepped on your toes. I apologize. I hear from. Make me the second. Move, move from Commissioner Hill, second from Commissioner O'Brien. Commissioner O'Brien. Hi. Commissioner Hill. Hi. Commissioner Skinner. Hi. Is that a vote? Yes. Or is Sarah. Thanks guys. Thank you so much. Thank you.


Hello and welcome to NewsClick for another edition of our discussions on COVID-19. There is no question that COVID-19 is not going away. In fact, those who have been talking about herd immunity and such scenarios, they seem to forget that herd immunity has been achieved only when we have had a vaccine. Otherwise, against no infectious disease has herd immunity really worked. And the same scenario we see here today, we can talk about Sweden and so on. But let's look at the countries which have been affected. And we have daily figures that the, for instance, the Worldometer site provides and various other sites provide. If you see that, you will see those countries who are in the top of the numbers earlier. For instance, you have had US, India, France, Italy, UK, Germany, they're again still at the top. So therefore, if we think that herd immunity at least in countries like France, Italy, they should have given us some, given them, Italians, the French people some protection, it hasn't worked. And in fact, the details of it are very clear that it is the number of people who are affected in certain parts of these countries. The same places are affected by the disease, by the epidemic again. So clearly, it is not that the herd immunity has been reached in these places. But if infections still stayed, people who are infected in these places still. And again, under certain conditions, maybe lifting of the lockdowns, normalcy being considered to be restored, that again, it has spread in India, it's very clear. Delhi is in the third phase. This is the third crest that we are seeing. We had one wave earlier, we have a second surge and Delhi is now seeing a third surge. And if we take all of these surges into account, the point is that they have taken place in different parts of the city, maybe, but the same city has been affected again, again and again. So if we think that herd immunity will actually protect the people, after some time, that rate of protection would demand 60 to 70% of the people be infected. And we are nowhere near reaching those figures in any part of the world, including the United States, which has the highest rate, highest numbers as of date, and is also breaking all records that are going 100,000 per day, more than 100,000 per day. In India's figures at the moment have receded from the 90,000 at its peak to about 40, 45,000 right now. But none of these figures should be taken at phase value. All it means is that the nonlinear nature of the epidemic, that it goes from one place to another, one locality to another. And as one of the epidemiologists in the country have described it, it's really hundreds of epidemics which we are seeing. We are total them as one epidemic when it comes to countries figures, but there really are a number of epidemics which are taking place simultaneously. And that's why herd immunity means 60 to 70% people, and that is not being achieved in any part of the country as yet, if it ever will. And we'll come to that. Why am I saying that? The second part of it, we have hard data, seropositivity data, which looks at how many people have antibodies, what fraction of the people have antibodies. And if you say Indian figures, it's about 15, 16% in say a city like Delhi. If we take other parts, it's not very different in different parts of the world. If we take specific localities, it of course differs. Darabi has something like 60% herd, 60% seropositivity. That means people have antibodies in them, and therefore they are unlikely to fall in again. 60% may not have antibodies, but because 60% people have the number of infections have come down dramatically over there. But in other parts of the city, they're there. And what we discussed with Professor Ratna the other day, he described to us, for instance, seropositivity figures in Pune that you have Jungijopic clusters which have high seropositivity, that means infections are high. We expect it because it's a densely populated center, the shared bathrooms, and also the fact that they have much less space per person. Therefore, obviously the infection rate is higher. Just opposite that or close to that, you have apartment buildings where the rates are lower. That also means that those buildings could also get affected tomorrow, which they need are. And that's why you have this surge one after another in Delhi, Pune, in other places. Coming back to the other issue of what is called the herd immunity issue, and I see articles now coming up in different places. The herd immunity article is also presented as if if we have an infection of COVID-19, then that is it. We SARS-CoV-2 has infected us, we'll have antibodies in the rest of our life, we know that's not true. We know that at the moment we do not know how long the antibodies will last, but we have also had cases of multiple infections that is small. Nevertheless, we had cases of a second time COVID-19 infection. That is something we also need to take into account. How long will this infect antibodies last? How long will they protect us? We know in the case of flu, every year we need flu shots and even then there are about 50, 60, 70% effective depending on the year. But in this particular case, if we get the vaccine, how effective it will be, at least initially we don't know how long the vaccine effect will stay. Six months, one year, three months we do not know. These are all unknowns at the moment. So to talk about herd immunity and let everything else go, in fact, is basically either fatalism, that means, okay, we can't do anything about it, let it go. Whatever happens happens or it is basically saying that survival of the fittest and they will take the hindmost. This is the only perspective with which you can talk about herd immunity as a principle because we know there is no herd immunity. That is, that's likely to be achieved. And all those who are talking about herd immunity essentially are arguing for going back to quote unquote, normalcy, lifting all the restriction that exists and hoping that let it rip through the population, but at least the economy will be restored, that it will get normal economic life back again. But the point is we have seen time and again irrespective of what the government policies may be. People are not going out in large numbers. They still maintain their distances. They're still taking precautions and therefore a normal restoration of the economy will not take place unless people are able to do. The governments are able to do or countries are able to do, but China has done. Not only China, it's also been done by Vietnam. It's also been done by Francis Taiwan. So there are other places in the world who have actually crushed the disease, crushed the epidemic completely and they have gone back to normalcy and there is a restriction of economic life there. But look at what they do. For instance, in the fine, like the Kashgar, which is actually a part of what is the Uyghur campaign, which keeps on talking about how China has created this Uyghur concentration camps without with very little data. But living that out in Kashgar, for instance, when some cases were detected, they tested the whole city and then they decide they found that about 140 odd cases were there. They also crushed the pandemic in Kashgar. Similarly, any place, Wuhan, they were having multiple cases coming up in the city at odd times, odd places were showing people having symptoms or showing positive COVID-19 cases. What they did is at one point they tested the entire city. They took three days, tested 10 million people and found about 150, 160 people and that's how they crushed the epidemic. Now that kind of approach, crushed the epidemic in order to restore the economy will work. But if we think a mixture of laissez-faire, let it rip, let the people be infected, then we are not understanding the reality. People are taking precautions, people are being careful and that's why this policy will not work if the epidemic continues and the epidemic is continuing in various countries as we have noted. Some countries know most countries in various forms, but certainly in countries which have been affected earlier, we are again seeing surges coming back. That means it's very much there. It's basically the nature of the epidemic that it have access and veins in certain parts and comes back again. The last point I would like to make that let's recognize the public health issue and what are the public health implications?  That means COVID-19 has already become the biggest killer in the United States. It's not the biggest killer in India partly because of demography shows by much younger population. Death rates are therefore relatively less plus the COVID-19 cases as they have occurred. Also, the health system has better understanding of how to treat serious patients. Therefore, the death rates all over the world in COVID-19 have fallen from the initial phase. But having said that, what do we see in Delhi today? For instance, already there are hospitals are chocolate lock full, the COVID wards are getting full. The basic requirement that you have of oxygen and ventilators if there are serious cases, those beds are now becoming to be completely full. So this is the issue that if you want to face it as a public health disaster, public health issue, you have to prepare your hospital system to take care of the peaks and you have to manage those peaks. That unfortunately is a public health issue, which we at the moment do not see how governments are facing up to this. And certainly in India, we have, in spite of the fact that we have had warnings, we know the peaks can come, the Delhi peak is probably maybe it can grow up to 10,000 from 7,000 odd it is now seeing. Are we prepared for that? That is the preparation we need to have and not just talk about so called mythical herd immunity. So these are some of the issues we need to take because the vaccine is still going to be at least another six months away. Let's face it, that we are not going to see the active vaccine campaigns all over the country, reaching at least 20, 25% of the people for another six months to nine months, whatever the government may say. Unfortunately, the government has taken a completely political approach to the COVID-19 issue, first making a lot of song and dance about lockdown, being able to crush the epidemic. Then saying we are now talking about avoiding deaths, that we have avoided so many deaths, therefore it's a victory. Now saying this epidemic is going to go away by February. We know that the predictions of the DST Supermodel was that by February, not only with the Indian numbers fall or almost disappear, but also Delhi would start falling after the second search that we have seen predicted that Delhi is now going to only fall. What do we see? Delhi has actually seen a third peak, bigger peak than what were the earlier two peaks. It had predicted the DST Supermodel, not talking about something which is non-government. This is the government model. Government has put its intramatur on it by calling it the DST Supermodel. That model said that Delhi's figures are probably such that not only Delhi's figures in fact said all over India, the figures are such that we have reached 30% of positivity in the country, which means that Delhi had much higher number of infections that this is figures would be even higher. What do we see? No, this is not true. Obviously the center positivity levels are what the figures which ICMR surveys are releasing are that it's really 14-15% not 30%. I would also like to advise all those who are talking about the so-called herd immunity and so on, they're forgetting one thing. Okay, people are not dying in the numbers that they were dying earlier. That's true, because as I said, democracy is such that we have a much younger democracy, the older people are affected more. But there is another issue to this, that even the younger people, there is something called long COVID. That means 10 to 15% of the people take a long time to recover. It affects different organs of the body. This is not a disease. This is not something that we have to take it as if it is just for them, a five-day, four-day, six-day issue, and then it goes away. Yes, for 85% of the people, that would be true. But 15% it is something which is a large number considering the number of people we are seeing and therefore we should not forget this number. This is something which we have to take into cognizance that there are cases of long COVID which are not small, which are significant in number, and those people are going to pay very heavy price if we do not repeat, if we do not try and control the disease. Right now the government seems to have given up. The people have developed a fatalistic approach and therefore we have a failure on a large scale from the public health system and therefore we are getting the DSD supermodel talking about how everything is hunky-dory, everything is what we find, where it is not. We start seeing talks about herd immunity and I think both of these are underestimating the seriousness of the problem that we still have and this is something we need to understand. The public health crisis is there, COVID-19 is a public health crisis and we have to still tackle public health crisis through public health systems that we have, that needs to be strengthened, that needs to be the government focus, not politicizing the epidemic and talking about something else. This is all the time we have for Newscreen today. Do keep watching Newscreen and do visit our website.


It is now time for Member's Statements. I recognize Member for Parkdale High Park. Thank you, Speaker. The homelessness crisis is worsening and campments are growing and it's taking a devastating toll on people and communities across this province. It's gotten so bad that in Toronto hospitals, cold weather ER visits by people experiencing homelessness skyrocketed by nearly 70% in the last few years. These are people who are in the waiting area of emergency departments. They don't need medical attention but they're there because they need a safe place to stay warm. There's nowhere else for them to go. The hospitals are becoming the shelters. What is also worrisome is that there are thousands more who are just a few hundred dollars away from losing their home and ending up on the streets.  You've completely lost touch with reality. Your priorities are not what people need you to be working on. As we recess the House for the winter, I ask Conservative members to reflect on this and ask yourselves, are you up to the task? This is not a partisan statement. You have the opportunity. You have the power. You have the majority votes. We solve this problem. We know the solutions. Stop wasting time and energy on things that are not helping people and just do the right thing. Thank you. Member Statements. Member for Newmarket, Aurora. Thank you, Speaker. This morning I am dedicating my Member Statement to the life and service of Fire Chief Ian Lang of the Central York Fire Services who just passed away last week. After serving more than 34 years of service with Mississauga Fire and Emergency Services, Chief Lang joined Central York Fire Services in 2009 and was the Fire Chief right up to his very last day on this earth. For 48 years the Chief worked for the safety and well-being of our Newmarket and Aurora communities. I met Chief Lang in 2018. He always had that big smile and what a sense of humour. I recall chatting with the Chief on a tour of the new headquarters in Aurora. Shortly after its opening in 2022, he told me how back in the day we did not have all the equipment that they have today, Don. That always stuck with me as I thought of the Chief as a brave firefighter, a well-respected leader. He fostered a culture of courage and camaraderie amongst the firefighters. During the service recognition and recruit ceremonies he would look upon each of the firefighters with great pride like a father would for his child. I extend my sincere condolences to his wife, Deb. Thank you for sharing your firefighter with our community members. Without your support, Deb, the Chief would not have been able to make the difference that he made in serving Ontarians for a near half century. To the entire Central York Fire Services family, my condolences go out to each and every one of you. I believe his spirit will live on with you all. Chief, thank you for your service. Thank you very much. Member's statements? The Member for Scarborough, Southwest. Thank you, Speaker. Since October 7th, Israeli forces have dropped 50,000 tons of explosives on homes, hospitals, schools in Gaza. Yet we're always asked, did you condemn Hamas? Netanyahu says the war will continue until he achieves his goals. What goals can you achieve by bombing thousands and thousands of children, by starving and freezing people to death, by depriving innocent people of water and fuel?  Yet we're still asked, did you condemn Hamas? So let me make it very clear, yes, we did. But where is the condemnation for killing over 15,000 innocent Palestinians? For forcing 1.8 million Palestinians out of their own homes? For the torture and humiliation of people in the western where there is no Hamas? Have we lost all our conscience? How can we condone the killing of innocent people? Speaker, Canada must call for an immediate ceasefire. As Secretary-General Agnes Kalamird of Amnesty International said, for 16 years, Israel's illegal blockade has made Gaza the world's biggest open-air prison. The international community must act now to prevent it from becoming a giant graveyard. Let's call for a ceasefire now. Member's statements. The member for Kitchener, Conestoga. Well, thank you very much, Mr. Speaker. I rise today to pay tribute to a friend of the legislature. Jan Westcott will be stepping away from his role as President and CEO of Spirits Canada at the end of the year. Jan was here on Monday, along with the Green Farmers of Ontario, and it was a wonderful event, as always. I know that members from all sides of the House are proud to support Spirits Canada. Jan has been a champion for everyone involved in the grain-to-glass process, showing the importance of the spirit sector to our economy. Prior to these roles, he worked in advertising, the mining industry, and government. Through the 1980s, he served as President of the Canadian Wine Institute. In 1989, he became the founding CEO of the Brewer's of Ontario. He is the founding director of SmartServe. He has served on the boards of the Ontario Trillium Foundation, Earth Day Canada, the Ontario Lottery and Gaming Corporation, the Recycling Council of Ontario, and the Canada Safety Council. Jan currently serves on the boards of the Empire Club of Canada and chairs the board of directors for Halton Region Crime Stoppers. Jan, it has always been a pleasure to raise a glass with you, so let's raise one to your retirement. Thank you. Members' statements. The member for Hamilton Mountain. Thank you, Speaker. A special good morning to everyone here and in Hamilton Mountain. This Saturday, December 9th, I am honored to join Santa, his elves, and other special guests for our annual Santa Food Drive Parade. We will be in the Sunning Hill and Highview School neighbourhoods on the East Mountain between Upper Ottawa and Upper Gage. Leading the parade will be a firetruck and always so grateful for their participation and holiday spirit at every parade. Special guests will include mascots from the Hamilton Tiger Cat Stripes for Jeff C. Sparks and the Hamilton Cardinals very own Bernie R. Byrd. Children of all ages will want to enjoy the entertainment and all are welcome to join us on the route and spread good cheer. The parade will start at 11am and the route can be found on my social media pages. Now more than ever, we are seeing more and more families visiting and needing support. Food insecurity is at an all-time high and unfortunately donations are dropping drastically as food prices soar. So whether you live in the neighbourhood or are simply out and about, please consider dropping off a non-perishable food item. Together we will show our giving spirit to many families in Hamilton. Every donation truly counts and will make a difference in the lives of our neighbours and bring joy and hope during the holiday season. Wishing you and your family a very merry Christmas and a happy new year. Thank you. The next member's statement, the member for Markham, Thornhill. Mr. Speaker, last week we have reached May a milestone on the young North Subway extension. I was happy to attend in the launch of the proposal process alongside the Minister of Transportation and my local regional colleagues. This extension is a critical infrastructure investment that will deliver much needed rapid transit to cities across the GTA. Cities like Markham and my riding of Markham Thornhill. When the young North Subway extension is complete, it will provide over 94,000 daily trips and will put nearly 30,000 more people within a 10 minutes walk to transit. It will create thousands of jobs during the construction and generate nearly 4 billion in economic benefits to the province. Mr. Speaker, improving infrastructure is a key part of our government promise to the people of Ontario. Our government has focused on creating and promoting transit oriented development within the communities like the Langstaff development in Markham. People in my riding have been waiting for tickets for the extension to be built. We are delivering on the promise we are getting shovel on the ground and building the infrastructure that the residents of Ontario and our economy need for the future. Speaker, I would like to thank you for your hard work and wish you everyone have a happy holiday. Thank you Mr. Speaker. Thank you very much. Member Statements the Member for Algoma, Manitoulin Thank you Speaker and from my seat over the course of the last couple of weeks I would like to welcome to the minister of transportation talk about how safe our roads are in Northern Ontario. I want to give them some reality as far as what people are facing in Northern Ontario. We see extensive shutdown highway 17 between Hayden and Wawa shut down closed for 12 hours highway 17 closure between Sault Ste. Marie and Batchewana was lost in that area for 12 hours. White River resident killed in highway 17 crash overnight highway 17 crash claims lives of two teams that's the reality of what we're facing in Northern Ontario. Speaker, Good Rose was here and have provided reasonable prescription and treatment and remedy to improve the state of our roads across the province and it's time for this government to take the medicine. The medicine is road safety audits it's a basic principle of good healthcare Speaker, our roads were built 30 to 50 years ago and we need to consider the designs the width, the shoulders, the ditching and much much more acting on the recommendation and implementing road safety audits is just good medicines. Here's another headline speaker. Highway 17 reopens after crash near Iron Bridge and the headline a 29 year old horse and buggy driver was involved in the collision with the transport at Birch and the land camp road he succumbed to his injury. My heart my thoughts and prayers go out to the family and the community Speaker, we can do better we have to do better. Thank you very much. Member Statements the member for Thunder Bay Attic Hoken Thank you Speaker I'm very proud to rise today in celebration of our community leaders who have been hard at work to establish a youth wellness hub in Thunder Bay. Our community partners have worked together for many years to support youth and navigating service pathways especially during the challenging transitional period from child to adult. This August parent advocates and service provider representatives participated in associate minister Tabolo's round table visit to Thunder Bay where the concept of a youth wellness hub reemerged. Following that meeting I was privileged to meet with Diane Walker Jennifer Lawrence and Rob Dewick a parent advocate for the Jada project. Mr. Speaker, since that meeting this incredible group of people have mobilized our youth and community partners in a way that has impressed me significantly. The steering committee was immediately formed and the group set out engaging necessary stakeholders. On November 3rd a youth wellness hub community forum was held in Thunder Bay where 150 participants including 50 youth participated topics brought forward including the need for such things that integrated one-stop mental health and medical services and education support. The importance of peer mentorship was highlighted by youth caregivers and service providers. It is important to take a moment to recognize Carolyn Carl and Rob and LaMarie Louise Dewick. These parents have suffered the unthinkable lots of losing their child. Despite that pain and heartache they have chosen to be active ambassadors for the youth and families in our community and we honor them. Thank you Mr. Speaker and I would like to wish everybody a very merry Christmas. Happy holidays. Thank you very much. The next member's statement the member for Burlington. Earlier this week I had the opportunity to attend the center for skills development in Burlington alongside minister Williams minister Tangry and PA David Smith to launch a call for applications for the women's economic security program. Thanks to the women's economic security program more women have access to training skills training gaining the experience to embark on a career to good paying jobs in the trades. The center for skills development has provided their enhanced general carpentry program to women for over 20 years and has seen great success with over 300 participants securing sustainable financially rewarding and meaningful employment in the construction sector. Their 22 week program prepares participants to work in a variety of industries from residential builds to high end renovations. Other services at the center include one-on-one job search coaching, settlement services, link and ELT classes, academic upgrading and fully funded pre-apprenticeship skilled trade programs. Collectively the centers serve around 20,000 people in Halton region and Mississauga. Thank you to the center for skills development for delivering the programs breaking down barriers for women giving them the tools they need to earn bigger paychecks for themselves and their families. Next member's statement, the member for Hastings, Lennox and Addington. And my member's statement for today I intended to deliver a message encouraging everyone to shop locally and support their local economies but I was inspired by some of my colleagues on both sides of the house to take a slightly more artistic approach so with the help of my amazing staff may I present some advice from St. Nicholas To us the weeks before Christmas and all through the town the parents were shopping as flurries came down. Getting gifts for their children from local shopkeepers then shopping online as the snow just got deeper but a local business supports so many things from hockey to splash pads and so much in between from the shirts and the jerseys on local sports teams to the drug equipment just look at it clean. While enjoying the stores seeing people they know they are laughing and smiling with faces of glow. These local shopkeepers so friendly and warm also employ people with kids of their own so we ask you to choose them and choose your home city while enjoying the street scenes decorated so pretty. With the many supporters our stores are successful so Merry Christmas to all and to all so speaker I just need to take a moment to wish the very best of the season to all the residents of Hastings, Lenox and Addington to all my colleagues here in the house and the staff I wish you a very happy holiday season, joy, peace, laughter and rest. Thank you. That concludes our members statements for this morning


testers. The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Good morning, everyone, Basil Chapman, Tiger Technicians Hour on this Friday, the 6th of October. And I think before I even get started, we have a guest. Am I correct? Do we have a guest for the show at this particular moment? My engineer, Basil. There's a 50-50 chance that it's Larry Pesavendol. But yes, I'm here. I have now for five days. It's not life-threatening. It's just basically a nuisance of the head cold and stuff. But I'm not able to talk very much. The only reason I'm on here is for the folks to pay very, very close attention to the bond market and the gold market. Both of those markets are poised to make reversals here in the next two days, if I'm correct on the timing. And the whole world has various the bonds as they should be. But we should get one big rally here to scare them. So I'm just alerting you to watch those two markets. So Larry, I'm not sure. I'm not sure if you're actually able to see the charts, but I have a monthly US, this is the 30-year T1 continuous contract. And I have a measured move here, which goes to either October or November to go to the low that was made back in August of 2013. If you count the number of months to the midpoint that I chose, which was the October 2018 low at 123, well, that was a continuous contract, I think it changes at 125.5. This is the measured move that I had. So it comes in around about here. So I'm rather intrigued to see what's going to happen. But I'm going to keep everything that you said in mind because the move in bonds, certainly the last three weeks, going from the 119 to 109, I mean, 10 points in an instrument that used to be called the safety factor, not anymore. I can only speak for a few minutes otherwise, but I should be hopefully be ready on Monday. But thanks for the information and keep up the great work. And I miss the guys over there at TF&N, but I'll see you back Monday hopefully. We're hoping that you get better real soon. And if there's a chance, I'm trying to be able to fill in for your hour. I know that it's not the same thing, but I will try Monday. So much. Thank you. Thank you very much, Basil. Okay. Thank you for calling, Larry. Look after yourself. Hope to see you on Monday, right here. Okay. See you later. Bye-bye. Good. Bye-bye. So, folks, let me just do this. We've got the down, 236. Well, first of all, the bonds are down almost two points. This, you would think the previous big move down, that big acceleration on the, what would date was that? I think it was September the 25th. You would have thought that that would have been an acceleration like that would get you closer to the end of the run to the downside. It hasn't really worked that way. So, let me just do this. I'm going to do the TYX, which is the yield. And that's in leg E in the daily chart in the Chapman Wave Methodology. It's a Gsass C in the weekly chart and an F, but it could be an Fsash B in the monthly chart. All those letters mean absolutely nothing. The price is way above in each one of these. The price is way above the nine-period moving average. The nine is way above the 14. They are way above the 50-period moving average. They are all way above the 200-period moving average. It's actually at 39. And here we are at 50. And the MACD is very strong. The stochastic is flat at 91%, but just starting to show a little bit of weakening, but still very strong. The relative strength of this little gray line is still strong. So, it's telling us that to be able to see a trend change that is not just a one-off, one that really impacts the weekly chart, that's the intermediate term chart, this middle one, you would have to see this green-period moving average go underneath the 14-period moving average quite sharply. So, that means you'd have to see 45.50. That's 4.55. And here we are at 5.0600. That is 5.00. That's what you'd have to get to get a change that really impacts the weekly chart. So, this is a work in progress, and it's going to be tough to make a meaningful change. If you're looking at gold, and that's what Larry was talking about. Look, gold. Oops, where did I type that? Let me type it right here. Click. There it is. Let me type in the gold. There we go. At GC, there's a continuous contract. Yes, there's a candle right here that says it's attempting to form some kind of a bottom. You've had your one-to-one in the, more than a one-to-one, just over a one-to-one in the propeller shaft pattern that I talk about in the weekly chart. I spent some time on that. Let's go to the GDX, because you can see it a little clearer. So, the GDX is the miners. I like when the miners lead the gold. I don't know what it is. It's just something that over the years is something that I've developed as a forefront, as kind of a signal that says, keep in mind that when the gold miners, not the gold contract, but the miners themselves are starting to act weak, and gold is holding up, you're going to see gold fall. If miners are acting a little bit better, and here we are for the second session, moving up after the load that was made at 25.62 on the 4th. That's just three sessions ago. That's going to be really important. So, in this particular context, yeah, you've got a perfect one-to-one. This is the Chapman Wave inverted for technical Friday today. So, let me just show you the charts that we're looking at here. So, I have a particular pattern. It's this pattern here where the price moves up sharply and then starts to make lower highs and lower lows, and then it forms a kind of a cup formation or a v-shaped formation, and it takes out the upper declining trend line. I call it a falling axe because it looks like a falling axe, but it's really a more sophisticated way would say it's an expanding declining cone formation. All right, too many words. So, here we are. You break that. That means you can go in a cup formation or v-shaped formation using that. Now, what was a repellent line now becomes a propellent line, and all of a sudden you're talking about going back to that high. Well, if it's inverted, I've got exactly the same choice. Even the lettering is upside down. Look what you've got. You've got a sharp move down. Then you're making much higher highs and higher lows, and then you arch over. In this case, it's a double arch, and you take out the support level. That means you can go, in this particular instance, I drew it in as a one-to-one expansion. This is the same methodology here as it was on the upside, where it goes to a Chapman wave one-to-one parallel extension. Now, when I say parallel, I mean that it isn't the bumpy ride. It is the number of bars from the top to the bottom. This is your, in a sense, it's the Tf and N lightning balls pattern that everyone talks about. And it goes, this is not peak and trough in the Chapman wave methodology. This is your A to B line goes to the C to D line. So, we went there, we went a tad under, and now we're a little bit above. So, when Larry says there's a chance that we could have some kind of a, some kind of a balance, I'm going to talk about this in the context of the charts themselves, and we go through all these different, different indices very carefully. Up back, dollars down 200 and whatnot. Not bad for a day that should have been minus 500. If you're looking for potential trading setups in the stock market, then Rocket Equities and 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 and Options Report today with a 30 day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN Educating Investors. You might think that if you want to be successful at trading in a stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices.  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. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. 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 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. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com educating investors. TFNN has launched the Tiger's Den hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tiger's Den available to all Tigers and Tigris' for just one dollar for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com toll free at 1-877-927-6648. Internationally at<PHONE_NUMBER>. Hi everyone, Basel Chapman here. This is the Tiger's Den. What we're looking at today is the Dow is now down to 18. So this is really important. The low yesterday uh two days ago in the Dow was uh 32873. So far the low today is 32862. So we've gone to a trough G alternate count G slash D. So that let me just type this in here for those of you who use Chapman Wave methodology. So I put a C there and I'll make it a D here. So is it going to be one of those sessions where now let me go through this. In my methodology there's a technique that I use that has bar symmetry. What is bar symmetry? It means if you go from a particular price point and then you rally and you make an arch formation you fail in A or B or it doesn't matter what it failed at but if it starts to roll over there's a measurement that you can take if you're able to identify the midpoint sometimes takes a little while and sometimes the midpoint that plum line has to be moved. But if you can identify it it means that you can get a measured move back to that point.  You've got a measured move from the thirty two thousand five eight six low of May May the twenty fifth in the Dow and then there was a bounce at a peak and a pullback but it had a higher high and that higher high was at thirty two thousand seven oh four. Well that created for me some kind of a cushion level on a worst-case basis if there was a turn down that took out this thirty four thousand and twenty nine low that was made back in August. So we went up to thirty five thousand six seventy nine August the first that's where we're short we're still short right at the high of that that day this is the recovery high from August the first. We do have a long position that might be taken out very soon just a real short term because we've raised a tremendous amount of cash. One of our higher cash positions that we've had in quite a long time. So within that context as a trade we've got a three times long down position. We've got a very tight stop I could have tightened the stop this morning even more but I said no let's give it a little run why because within the context of everything we're looking at here and I'm going to go to that in a moment this measured move says right here it says right today the 6th of October is the day where there should have been if there's a precise measured move and I also have the Chapman wave inside wedge target support line giving the exact take this is the day that on this line now the the Dow doesn't know that the chart knows it because it's written on the chart but in real life the Dow couldn't care less it's just it's doing what it's going to do so now that we've taken out this left side low this is now in leg D the stochastic said nine stochastic said nine percent that is in the very negative area because the single digits the MACD look at the histogram it's so wide and look at the way there is no there's been no relief at all so that just says the intensity of the selling had to have some catalysts and today would have been a catalyst if for whatever reason and it didn't seem likely but and I'm going to explain what I'm looking at in the more intermediate term but I had to put it in as a chance and the only chance would have been to have a very small maybe two percent one and a half percent risk for a trade and this is only for the traders of my subscription to my opening call who thought there was a chance that there could be a positive and I did this before the market the 8 30 am news I like to do that I used to wait but I found it over the years waiting it's just dumb the market's going to do what it's going to do do your homework and just give the different parameters that will happen don't wait could even after the market things could change dramatically so after the economic news so now what we're looking at is we've actually started leg D leg D is where you look at your leg D and went to a trough D and had a really nice rally and I'm thinking we could have something the same now let me go to what I think most people are asking about what's the intermediate term outlook well the intermediate term outlook and I'm going to use this I've used it we've used it very successfully for years decades actually I'm going to try to do it again here this is the let me just get to this on the doubt this is the Dow daily why did it change did I oh I went to a different one okay let me go back let me get this get rid of this what am I doing here well I'll just keep to this because that's the way it is this is the Dow daily and yes this is where we went short based on on balance volume and one or two other aspects to my technical techniques this is where we got the confirmation that this was something more serious and there was one day of green and then one day of pink that's the nine period moving average went under the 14 period moving average now let's go to the weekly chart no no no I'm going to stay with this just for a moment to go through them all look here's the s and p spx.x pink negative nine period moving average sell mode daily chart sell mode dow sell mode for a while now s and p sell mode qqq look there it is not as bad but still pink i w m been for a while even longer than the dow it's been a sell mode since early august now smh is smh very important we are short the smh is from two points of the top all-time high that is and here it is pink but you can see it's rising that means if it deflects lower that's really negative but now let's go to the weekly charts so now the weekly charts and this is why i'm i i'm comfortable saying that we've raised cash but i'm looking there are some positions that i i'm liking and we've we've attempted to be in and we've been stopped out for small losses but i the couple here that i'm really intrigued with but wait a minute the weekly chart of the smh is hasn't hasn't yet the green has not turned under the 14 period moving average is still green the qqq is still green after all of this is still green that's the weekly the more intermediate term the dow negative for two weeks now i w m negative for two weeks now the smh is the semiconductors in my work almost always leave the market up and leave the market down so i'm watching them very closely because if there is a rally it needs to take uh into consideration and video which has been pulling back but look that nine is still way over the 14 and we want to see what happens but wait a minute look at the hgx there's the weekly chart of the um Philadelphia housing index housing sector index so it's gone pink so you're losing some of these aspects that we're really look how powerful this was now you're starting to lose it now that the payroll numbers that's one thing well when you're talking about payroll numbers um it's something to keep in mind because that is really important if you're talking about job numbers that's important and at the same time interest rates look at this is the tlt look at that acceleration to the downside with the pink this is the weekly chart of the um 9 9 14 and that just says you've got to be real careful here this is a different scenario to what we've usually had i'll be back in a moment dollars down 172 is abuse down 18 basil chap and tiger technicians out 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 keg stats tiger forex report teddy keg stat 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 60-minute webinar archive he just hosted forex strategies and fundamentals what is behind the tiger forex report for all the details and to start your 30 day tiger forex report subscription today visit the front page of tfnn.com tfnn educating investors steve rhodes started his trading career as a student almost 20 years ago and the student has now become the master steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an amazing accomplishment 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 sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m. to 4 p.m. eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts to help you make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv so i'm gonna go to this right now i've got i once again i've written out just a ton of questions that i had and stuff that i wanted to get you but this is really a very important session this is the 6th of october where based on my work based on the the hundreds of days to the left side from the may low to the august first high where we went short down to this bottom here um october the 6th is the number of days that matches exactly to the day where there should be some some some kind of support and if it holds above the left side support that's going to be important so let me just show you this in the chapter way methodology peak d is what the objective is to go from a buy signal to a buy mode using different techniques sometimes you can just have the naked chart and if i want to do that right now maybe next week i'll do a bunch of charts with a naked chart but look at this here was a one-to-one from the 200 period expedition moving average in the 10-minute e-mini chart and i went to peak a i wonder if i can squeeze this as you can see a little bit better yeah oh it's a wrong chart this chart right here go squeeze squeeze squeeze there we go so this went from the lower to a m this morning i wasn't up but it went to peak a peak b peak c then it pulls back and i was up to see this move at move walk in the nine-period moving average this green line um at 6 a.m and i watched and watched and watched and made a double top c1 c2 and then it continued high and then went to a d that d was an exact measured move this is the chap me falling affirmation remember this is the pattern i was talking about right here for falling affirmation then we took out that high that that higher trend downtrend line and it said you could go to the previous peak well low and behold it took it out we went to the previous peak and then continued higher so i'm watching this closely closely closely and then we got to right here in the one-minute chart and i was trying to do my work for today my morning newsletter my traders corner for the opening call newsletter so that's the section that does all tells you what to do and i'll watch you watching watching and low and behold what happens in the one-minute chart it goes i'm scrolling to the left it goes into a long narrow rectangle formation this is a this is a really important pattern that i look at goes to a peak in the chaplain wave the magdi starts to fade the stochastic turns down on balance volume gives you the exact high look at that the exact high pulls back but the price holds and i'm waiting for it to go go from green to pink um actually at the 4304 level the 4305 125 was the high i i did hit the button for a short position and i i actually because i got back to being very busy with my work i said you know and i'm just i have to get out you because i'm i'm being distracted this is such an important day so i'm out and look what happens it goes from 4304 to today's level 4242 but that's fine you know we we have plenty plenty moves like that around not that plenty but they're enough meantime look what happened it's smashed to the downside but if you look at the volatility i haven't done that but i need to now look at the volatility index look at this big rally that we've just had from the 10 10 low in the about the 42 49 area here we are at 4282 in a leg d above the 200 period moving average in the one minute chart and finally you're getting a leg b at the 200 period moving average at the in the 200 period exponential moving average now one of the things one of the reasons why we went long as a trading position a few days ago and it's held to stop so far a tight stop is because i'm anticipating that if this succeeds just the sellout of just everyone throwing out up their hands and say i i'm done this is if you're in the bond market the stock market i mean everything's going down usually bond market goes up when the market goes down you're saying self jeez this is horrible well now let's look at the vixx index and the vixx index the volatility index went to a peak scene and the chapter we methodology i use this the notation only because i always notate all peaks and troughs that i see before me um but this is not the one that goes to i i'm looking for a d it could go to d that's what i because it's an emotional barometer and it's measured that just the way it's done i just find that this is not what i the only one that i do not at all use this and often i use it uh sparingly when i'm you've got the inverse each the three times long or short inverse etfs that's where you can get a little bit of an aberration because of the makeup but look at this this is only a leg a in the weekly chart it went to the 200 period moving average and now it's pulling back it's went to a peak c but this could be an alternate count this could be could not be a b c d no it couldn't be an alternate count so this is a c but it doesn't matter look it's pulling back this is exactly where you should start to see an acceleration where everybody says oh they tried to run in they failed them we went to a low low no this is so far this is really positive this is kind of what i mean anticipating is a chance that this could happen and that is that this isn't the low in the market even though i'm talking about it on the date why it's just on this measured move but it's some kind of a low not the low but a low and not j low so what we're looking at here is the weekly chart did more than a one-to-one to the downside in the Dow so this and the 9th is still very negative under the 14 period moving average i'm anticipating some kind of a balance and then we should get some kind of a retest and i would not be surprised if before it's all done that the SM that the QQQ weekly chart actually does flip to pink in the 9th period moving average but it doesn't have to do that right now so i'm not getting overly bullish or anything like that i'm saying we are prepared we are anticipating that there could be and i'm looking at certain stocks that for me are kind of indicator stocks so i'm looking at this and saying is this the moment that there could be at least a decent balance at least a decent balance hey let's look at the XLF XLF is the financials holding down minus six at 3270 not bad considering the last few days it's three green candles when the market has been so weak but there is a pink 9th period moving average s in the weekly chart of the XLF but it has it's just on the 200 period moving average there shiny that's going to be like a magnet for a little while let's go to the KRE which is the regionals the regionals are whoops let me update that there we go the regionals hello anybody yes there it is a lousy chart but at least it had a green candle Thursday Wednesday green candle Thursday and today is like a doji candle down 61 cents i'm just watching these and i'm saying are we getting close to this because the gdx now is the gdx starting to improve it's up 25 cents at 2657 i i'm going to venture to say that just on an oversold basis that we are ready for some kind of a balance i would treat it as a balance and i would have to see the smh is up about two or three points there are 75 cents right now at 145.96 and by Tuesday if this is going to be more than just a balance you want to see the smh is over the high of the 2nd of october that's 147.27 that's only less than two one more thing you know what the weekly chart of the smh is saved the day because they went into the chapter inside what was a propellant zone has become a repellent zone and that would be that would be at least a short term part i'll be back in a moment that's what's happening i give you this is our house down 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 obrien 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 obrien's gold report newsletter now at tfnn.com are you ready to take your trading to the next level introducing tom obrien's award-winning newsletter market insights your key to successful active trading tom obrien renowned for his expertise in the financial markets has designed marked 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 to navigate the markets 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 obrien'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 and p biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares 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 principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz uh so i don't want to take this time now to do it yeah i had a question about what happened to that uh thing that you were talking about yesterday when you were doing Larry show um was it doing yes about this left side right side price time action that you were expecting the uh 42 99 50 high of uh 20 to 10 am eastern time uh to be tested uh at about three o'clock um let me just check here and it got exactly to that point in leg d at uh 240 to 350 okay so yeah just before three o'clock it did it actually did it in one bar earlier than the time frame and the chapter we've inside uh wedge target resistance lines of dash nine it got broken twice and then look what happened to that peak d ever since that d was made we had it took until this morning at about six a.m to break that level right there all right and then it broke and went to another d that was a peak d yes a peak d and now we started to pull back so this is uh the same kind of pattern and i don't think we're going to be able to get to if we can go above and close for two out of three bars today especially this morning above the high of 840 this morning 840 was the time a.m and that was 42 94 the high so far has been 42 85 or so if we can do that at any point that says you've got yourself a nice base of support if there's a sudden pullback later in the day uh but we need to see that all right so now we can go all to all the stuff that i want to look at if i done everything in my an update i don't think so but so the question came in ccj you were talking about yesterday that it was holding very nicely and that it had an alternate count and it went to the left side load broke it the 36 level and now it's bouncing a little bit where do you see uranium what was the x is x no what it was u uca why am i forgetting it suddenly uh oh why have i forgotten the uranium uh etf is it u r a u ra yeah there it is okay yeah that's and look today it's got an s meaning that this extreme move that went from the 21 level there's a global x uranium etf screams up to the 20 was at eight uh 28.42 high of the 28th of september now it's come down sharply but it's trying to bounce a little bit and now you've got a potential for chapter wave roman candle um oh let me talk about this chapter wave roman candle right here you see this is a perfect one off a high one bar or at the high or one bar after the high and that says very simply we haven't closed this is not even an hour and according to the session today but what we're looking at is if at any time with the next two bars it's in the next two weeks there is a move that i'm gonna for a whole day if there is a close below 25 40 then we should be testing the low of around about 24 31 if there are two closes in the next three weeks above the high of this week if the high of this week is um around about 28 26 99 and here we are 26 25 99 um so am i reading that correctly that's a 6 yes 26 99 that'll be very positive so that's the technique of the roman candle but we just saw it in the dating chart of the dow chapter wave roman candle as i said to subscribers we had a green one yesterday uh two days ago and my rule of thumb is within two bars if a sauce trade for 60 minutes as it wasn't 60 minutes but below in this case 32 000 if i can read it from here 960 level there's a real good chance we're going to test the low and maybe take it out we just did that we went to a lower low today we went to a lower 32 846 the last low was 32 873 now all of that is done and it says now what's really important is in the next two days you need to close close over the high of the fifth of october that was yesterday of 33 174 so that's the way my chapter wave roman candle works maybe i'll have a session one of these days on the run i have i've spoken about it in my webinars but maybe i'll actually have a webinar including one of the one or two of these techniques we're always talking about yes the uh you you you you had a very sharp pullback that's a global that's the energy fuels ink uranium went in about nine and then it turned down and went into the mid sevens now it's a 762 yeah it looks to me like we might have made at least a short gem top in the uranium stock yeah ue sees the same thing this is uranium core uh uranium energy corporation this is a much nicer chart i've been talking about this for some time saying this is the one that i really like we've been long since 364 and hit 577 taking a little bit off you still got you still got a core position i'm going to be watching this closely because so far it's saying with crude oil taking a huge dive oh i haven't done the update how can i do the update when i've got so folks there's a chance i'm going to do my very best to see if i can arrange things to be able to do larry's hour at one o'clock today it's a really important session but i i'm liking what i see you've got crude oil down sharp and you've got jets which is the united states uh this is the united states global jets etf horrible chart here's your peak d there's one peak d there's another peak d in the channel methodology and now you've plunged underneath not all of them but you're taking out the uh march low and now you're testing the low of december december the week of the 30th was a low of 16.58 and you've just made a low this week of 58 16 is that a 16 you have 1637 you went below it um oh not a good chart at all so there's a lot going on here and i'd like to maybe cover that when i when i do the next hour and as i said so um within that context i needed to do as i did that i've done that a crude oil i've just mentioned the crude oil look at that peak d in the weekly chart the mac d's still very strong stochastics now at 87 percent still strong on valence one turned down the nine is still way over the 14 so you've got a cell mode in the daily and i said that i've got an alternate count enough i'm correct about the chapter wave unconventional flat base restart that i typed in over here uh that was way back that was way back over there that's right we took out that left side low and i said oh you've got to be careful so um we're now at 82 still way above the 76s but it does have i haven't got this is just i haven't given you a time over the weekend i'll draw in i'm not going to do that now the time sequence where i think the crude oil will be in about two weeks time or a week or two okay that's that now we want to do the bonds tlt so yes this is not a mistake it's not like a typed in here that is in fact the bonds right there it's gone through a leg after the downside i was talking to larry just a moment ago when larry called in he's he's a lot better but he's just not ready to do his show um and now look at this look at this you've got the arch formation 91 85 was alone october rallies all the way to the 109 and now it's trading at 84 i mean this is we've not seen this and you remember when i came to tfnn back in 2022-2023 i said that some years back i had written a paper that was barons wanted to do but then kathy welling i think it was done with edith and she was very interested in us doing this the mega bull market to come that was from 1987 and i spoke about the jeopardization of our bond wheels that someday we're going to go to zero just like the band i changed that two years ago i said you know i think that you've made some kind of a low in the beginning i'll be back you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal 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 and stock prices get the opening call newsletter by basal chapman and 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 everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 seven newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader larry pesavento 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 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 subscribe to the fibonacci 24 seven newsletter today tfnn.com educating investors tfnn has just launched their new trading room the tiger zen hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the tiger zen available to all tigers and tigers for just one dollar for the year there's no catch or added costs when you join our community of traders in the tiger zen you can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the tigers den at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv but i had one chance to look down at all my notes that i want to do for friday oh yeah yeah well this i'm pretty sure i'm going to do the uh one o'clock hour uh for larry so we'll do that meantime back at the ranch this is you can tell there's a there's now there's a fight between bulls and bears the bears are saying haha we've got the upper hand the bulls are saying yeah but we're very oversold we should and i'm looking at certain stocks that are doing very nicely here in fact some are up when you would least expect them to be and um so we want to do that and also what i want you to do is in the um if i do leisure i'd like to do the commodities because look at this this is the dba a nice balance of the law in the dba agricultural fund so i want to look at some of those commodities but most importantly this is what we're looking at in the to sum it up just make it as simple as possible within the context of let me go to this here in the context of the weekly charts it's important to note that the qqq the ndx 100 is holding really well but on this uh move that we're seeing right now you see this these guys like a sandwich big green can look it goes green red green red green what we're all looking at is that the nine-period moving average is still very weak but it is trying to turn up the histogram in the in the mag d is actually very close to turning up the stochastics at 30 not in the single they're just all the teams but at 30 the on balance volume so we are starting to see some kind of rotation where some fund managers are starting to i i this is what it looks like starting to pick certain stocks but look at that when we get back at the one o'clock time frame bowser chap entirely loses all my services the opening poll and uh yeah it'll be an interesting hour what is it two hours to go before one o'clock and we'll look at things again so uh steve recorded his program this morning at eight it will be coming up next and uh