From around the globe, it's theCUBE with digital coverage of a special announcement brought to you by Nutanix. Hi, I'm Stu Miniman and I want to welcome you to this special event that we are doing with Nutanix. Of course, in 2020, many things have changed and that has changed some of the priorities for many companies out there. Acceleration of cloud adoption absolutely have been there. I've talked to many companies that were dipping their toe, were thinking about where they were going to cloud and of course, it's rapidly moved to accelerate to be able to leverage work from home, remote contact centers and the like. So we have to think about how we can accelerate what's happening and make sure that our workforce and our customers are all taken care of. So one of the front seats of this is of course, companies working to help modernize customers out there and Nutanix is part of that discussion. So I want to welcome to join us for this special discussion of cloud and Nutanix. I have two of our CUBE alumni. First of all, we have Monica Kumar. She's the senior vice president of product with Nutanix and Tarkin Mainer, who's a relative newcomer, second time on theCUBE in his new role, many time guests. Previously, Tarkin is the chief commercial officer with Nutanix, Monica and Tarkin. Thank you so much for joining us. Thank you so much. So happy to be back on theCUBE. Yeah, thank you. All right, so Tarkin, as I was teeing up, we know that IT staffs in general, CIOs specifically and companies overall are under a lot of pressure in general, but in 2020, there are new pressures on them. So, why don't you explain to us the special cloud announcement, tell us what's Nutanix launching and why it's so important today? So Stu, first of all, thank you. Glad to be here with Monica. Basically, you and I spent some time with a few customers in the past few weeks and months. I'll tell you, the things in our industry are changing at a pace that we've never seen before, especially with this pandemic backdrop as we're going through and obviously, all the economic challenges that creates beyond the obviously health challenges and across the world, all the pain it creates, but also creates some opportunities for our customers and partners to deliver solutions to our enterprise customers and commercial customers and public sector customers in multiple industries from healthcare, obviously very importantly, to manufacturing, to supply chains and to all the other industries including financial services and public sector again. So in that context, and Monica knows as well as she's our leader in our strategy, we're putting lots of effort in this new multi-class strategy as a company. As you know, Stu, well, Nutanix wrote the book in digital infrastructures with its own hybrid, you know, converged infrastructure story. Now, we're taking that next level via our data center solutions, we are DevOps solutions and user computer solutions now in multi-clad fashion, working with partners like AWS. So in this launch, we have our new hybrid cloud infrastructure, Nutanix classes product now available on AWS. We are super excited. We have more than 20 tech firms and customers and partners at seedable executive level supporting this big launch. Timing is usually important because of this pandemic backdrop. And the goal is obviously to help our customers save money, focus what they're important, what's important for them, save money for them and making sure they streamline their IT operations. So it's a huge launch for us and we're super excited about it. Yeah, and one thing I would add to, you know what Tarkin said Stu is, look, we talk to a lot of customers and obviously cloud is the constant in terms of enabling innovation. But I think more with COVID what's on top of mind is also how do we use cloud for innovation but really be intelligent about cost optimization. So with this new announcement, what we're excited about is we're bringing, you know, making really a hybrid cloud or reality across public and private cloud, but also making sure customers get the cost efficiency they need when they're deploying the solution. So we are super excited to bring, you know, a true hybrid cloud offering with AWS to the market today. Well, I can tell you Nutanix cluster is absolutely one of the exciting technologies I've enjoyed watching and getting ready for. And of course, a partnership with the largest public cloud player out there, AWS is really important. When I think about Nutanix from the earliest days, the word that we always used for the HCI space and Nutanix specifically was simplicity. Anybody in the tech space know that true simplicity is really hard to do. When I think about cloud, when I think about multicloud simplicity is not the first thing that I think of. So, Tarkin, help us connect, you know, how is Nutanix, you know, going to extend the simplicity that it's done for so long now in the data center into places like AWS with the solution? So Stu, you're right on, as far on. You look, Monica and I spend a lot of time with our customers. One thing about a Nutanix executive team, you're very customer-driven and I'm not just saying this to make a point. We really spent tons of time with them because our solutions are basically so critical for them to run their businesses. So just recently I was with a senior executive, a senior executive with an airline. Right before that, Monica and I spent actually with one of the largest banks in the world, in France, in Paris. Right before the pandemic, we were actually traveling talking to not only the CIO, the chief of office on one of these huge banks. And the biggest issue was how these companies are trying to basically adjust their plans, business plans. I'm not talking about tech plans, IT plans, the business plans around this backdrop with the economic stress and obviously now pandemic is in a big way. One of the CIOs told me, it was an airline executive, look Tarkin in the next 12 months. My business might be half of what it is today. And I need to do more with less in so many different ways. While I'm cutting costs. So it's a tough time. So in that context is to, you're actually right, multi-cloud is a difficult proposition, but it's critical for these companies to manage their cost structures across multiple operating models. Cloud to us is not a destination. It's a means to an end. It is an operating model. At the end of the day, the differentiation is still the software, the unique software that we provide from digital infrastructures to deliver end-to-end discreet data center solutions, DevOps solutions for developers as well as for end user computing individuals to make you sure to take advantage of these VDI that stability service type of capabilities. So in that context, what we're providing now to the CIOs who are going through this difficult time is a platform in which they can move their workloads from cloud to cloud based on their needs with freedom of choice. Look, one of these big banks that Monica and I visited in France, huge global bank, they have workloads on AWS. They have workloads on Azure. They have workloads on Google. They have workloads on France Telecom, the local XP. They have workloads in Germany. They have workloads on cloud service providers in Asia, in Taiwan and other locations. On top of that, they're also using Nutanix on-prem as well as Nutanix cloud, our own cloud services for DR. And for them, this is not just a destination, this is an operating model. So the biggest request from them is, look, can you guys make this cost effective? Can we use all these operating models and move our data and applications from cloud to cloud in simple terms? Can we get some kind of a flexibility with commits as well as with the credits they paid for so far? And those are the things we're working on. And I'm sure Monica is going to get a little bit more into detail as we talk through this. We are super excited to start this journey with AWS with this launch, but we're not going to stop there. Our goal is as we just going to discuss with Monica earlier, provide freedom of choice across multiple clouds, both on-prem and off-prem for our customers to cut costs and to focus on what's important for them. Yeah, and I would just add, to sum it up, we are really simplifying the multi-cloud complexity for our customers. And I can go into more details, but that's really the gist of it, is what Nutanix is doing with this announcement and more coming up in the future. Well, Monica, when I think about customers and how do they decide what stays in their data center, what goes into the public cloud, it's really their application portfolio. I need to look at my workloads, I need to look at my skill set. So when I look at the cluster solution, what are some of the key use cases, what workloads are going to be the first ones that you expect or you're having customers use with it today? Sure, and as we talk to customers too, there's clearly few key use cases that they've been trying to build a hybrid strategy around. The first few ones are bursting into cloud, right? In case of demand, sudden demand, how do I burst and scale my, let's say a VDI environment or database environment into the cloud? So that's clearly one that many of our customers want to be able to do simply and without having to incur this extreme complexity of managing these environments. Number two, it's about DR. And we saw with COVID, right? Business continuity became a big deal for many organizations, they weren't prepared for it. So the ability to actually spin up your applications and data in the cloud seamlessly in case of a disaster, that's another big use case. The third one, which many customers talk about is, can I lift and shift my applications as is into the cloud without having to rewrite a single line of code or without having to rewrite all of it, right? That's another one. And last but not least, the one that we're also hearing a lot about is how do I extend my current applications by using cloud native services that's available on public cloud? So those are four, there's many more, of course, but in terms of workloads, I mentioned two examples, right? VDI, which is virtual desktop infrastructure, end user computing and also databases. More and more of our customers don't want to invest in again having on-premises data center assets sitting there idly and wait for when the capacity surges, the demand for capacity surges, they want to be able to do that in the cloud. So I'd say those are the few use cases and workloads. One thing I want to go back to what Tharkin was talking about, really there are three key reasons why the current hybrid cloud solutions haven't really panned out for customers. Number one, it's having a unified management environment across public and private cloud. There's a few solutions out there, but none of them have proved to be simple enough to actually put into real execution. With Nutanix, the one thing you can do is literally build a hybrid cloud within under an hour. Under an hour, you can spin up Nutanix clusters which you have on-premises, the same exact cluster in Amazon under one hour. There you go. And you have the same exact management plan that we offer on-prem that now can manage your AWS Nutanix clusters. It's that easy, right? And then you can easily move your data and applications across if you choose to. You want to move and burst into public cloud, do it. You want to keep some stuff on-prem, do it. If you want to develop in the cloud, do it. You want to keep production on-prem, do it. Single management plan, seamless mobility. And the third point is about cost, simplicity of managing your costs, making sure you know how you're going to incur costs. How about if you can hibernate your AWS cluster when you're not using it? We allow the, we have the capability now in our software to do that. How about knowing where to place which workload? Which workload goes into public cloud which stays on-premises? We have an amazing tool called Beam that gives the customers that ability to assess which is the right cloud for the right workload. So I can go on and on about this. We've talked to so many customers but this isn't a nutshell. The use cases and workloads that we're delivering to customers right out the gate. Well, Monica, I'd love to hear a little bit about the customers that have had early access to this. What customer stories can you share? Understand, of course, you're probably going to need to anonymize, but I'd like to understand how they've been leveraging clusters, the value that they're getting from it. Absolutely. We've been working with a number of customers and I'll give you a few examples. There's a customer in Australia. I'll start with that. And they basically run a big event that happens every five years for them and that they have to scale something to 24 million people. Now, imagine if they have to keep capacity on site, anticipating the needs for five years in a row. Well, they can't do that. And that big event is going to happen next year for them. So they're getting ready with now clusters to really expand their VDI environments into the cloud in a big way with AWS. So from Nutanix on-prem to AWS and expand VDI and burst into the cloud. So that's one example. That's obviously when you have an event-driven capacity bursting into the cloud. Another customer who is in the insurance business, for them, DR is of course very important. I mean, DR is important for every industry and every business, but for them, they realize that they need to be able to transparently run their applications in the case of a disaster on the cloud. So they've been using our Nutanix clusters with AWS to do that. Another customer is looking at lifting and shifting some of their database applications into AWS with Nutanix, for example. And then we have yet another customer who's looking at retiring a part of the data center estate and moving that completely to AWS with Nutanix as the backbone, Nutanix clusters as a backbone. I mean, and we have tons of examples of customers who during COVID, for example, were able to burst capacity and spin up remote, hundreds and thousands of remote employees using clusters into AWS cloud, using Citrix also, by the way, as the desktop provider. So again, I can go on. We have tons of customers. There's obviously a big demand for this solution because now it's so easy to use. We have customers really surprised going, wait, I now have built a whole hybrid cloud within an hour and I was able to scale from six nodes to 16 nodes just like that on AWS cloud from on-prem six nodes to 16 and AWS cloud. You know, our customers are really, really pleasantly surprised with the ease of use and how quickly they can scale using clusters in AWS. Yeah, Tarkin, I have to imagine that this is a real change for the conversation you have with customers. I mean, Nutanix has been partnering with AWS for a number of years. I remember the first time that I saw Nutanix at the re-invent show, but cloud is definitely front and center in a lot of your customers' conversations. So with your partners, with your customers, has to be just a whole different aspect to the conversations that you can have. Absolutely, Stu. As you heard from Monica too, as I mentioned earlier, this is not just a destination for the customers, right? I know you're using these buzzwords. At the end of the day, this is an operating model. It's an operating model they want to take advantage of to cut costs and do more with less.  Like, again, being able to move the workloads from location to location, cost optimize those things, provide the streamlined operations. Again, as Monica suggested, making the apps and the data relating those apps mobile and obviously provide built-in networking capabilities. All those capabilities make it easier for them to cut costs. So look, we're hearing constantly from the enterprises, small and large, private sector and public sector, nothing different. Clearly, they have options. They want to have the freedom of choice. Some of these workloads are going to run on-prem, some of them off-prem, and off-prem is going to have tons of different variations. So in that context, as I mentioned earlier, we have our own cloud as well. You know, we provide 20 plus queues to 17,000 customers around the world. There's a $2 billion software business run rate as you know, and a lot of those customers, on-prem customers now also come into our own cloud services. With Kolo partners, we have our own cloud services with our own billing, payments, logistics and service capabilities. If you get a credit card, you can actually, you can do DR, disaster recovery service to Nutanix itself. But some of these customers also want to go be able to go to AWS or Azure or to a local service provider. Sometimes it's U.S. companies we think U.S. only, but think about this. This is a global phenomenon. I have customers in India, we have customers in Australia as Monica talked about, in China, in Japan, in Germany, and some of these enterprise customers, public sector customers, they want to DR, disaster recovery as a service to a local service provider within the country because of the new data governance laws and security concerns, they don't want the data and apps to go outside of the boundaries of the country. In some cases, in the same canton, if you're in Switzerland, not even forget about the country, the same city. So we want to make sure we give capabilities to our customers, use the cloud as an operating model the way they want. And as part of this, just so you know, Stu, you're not alone on this. We cannot do this alone. We had tremendous level of partner support as you're going to see in the announcements from HPE as one of our key partners, Lenovo, AMD, Intel, Fujitsu, Citrix for end-user computing. We're partnering with Palo Alto Networks for security. As slow partners, as you know, we support, you know, VMware, ESXi, we have partners like Red Hat, who's doing tons of work on the Linux front. We partner with IBM, we partner with Dell. So the ecosystem makes it so much easier for our customers, especially with this pandemic backdrop. And I think what you're going to see from Nutanix, more partners, more customer proof points to help the customers that generate the cut cast in this difficult backdrop, especially for the next 24 months, I think what you're going to see is tremendous, so to speak, adoption of this multi-cloud approach that we're focusing on right now. Yeah, let me add, I know our partner list is long. So Tarkan, also we have the global SIs of course. You know, the Wipros and HCL and TCS and Capgemini and Zensar, you name it all. We are working with all of them to bring clusters-based solutions to market.  So it's a long list of partnerships. You know, one thing I did want to bring up Stu, which I forgot to mention earlier and Tarkan reminded me, is our superior architecture. So why is it that Nutanix can deliver this now to customers, right? I mean, our customers have been trying to build hybrid cloud, you know, for a little while now and work across multiple clouds.  The reason why we are able to deliver this in the way we are is because of our architecture. The way we've architected clusters with AWS is it's built in native network integration. And what that means is if your customer and user who's a practitioner, you can literally see the Nutanix VMs in the same space as Amazon VMs. So for a customer, it's in the exact same space. So it's really easy to then use other AWS services and we bypass any complex and latency issues with networking, because we are exactly part of AWS VPC for the customer. And also the customers can use, by the way, the Amazon credits with the way we've architected this. We allow for bringing your own license, by the way, that's the other true part about simplicity is same license that our customers use on premises today for Nutanix can be brought exactly the same way to AWS if they choose to. And now, of course, we do also offer other licensing models that are cloud only. But I want to point out that BYOL is something that we're very proud of. We're truly enabling bring your own license to AWS cloud in this case. Well, it's interesting, Monica. Of course, one of the things everybody's watched from Nutanix over the last few years is that move from an appliance primarily to a software model. And as an industry as a whole, it's much more moving to the cloud model for pricing. And it sounds like the primary model with some flexibility and options that you have when you're talking about the cluster solution here. That correct? Yes, we also offer the pay as ego model. Of course, on cloud this popular, so customers can decide, they just want to pay for the amount they use, that's fine. Or they can bring existing on-prem license to AWS. Or we also have a commit model where they commit for a certain capacity for the year and they go with that. So we have two or three different kinds of models. Again, going with the freedom of choice for our customers, we offer them different models they can choose from. But to me, the best part is to bring your own license model. That's again a true hybrid pricing model here. They can choose to use Nutanix where they want to. Yeah. Well, and Manaka, I'm glad you brought up some of the architectural pieces here because you talked about all the partners that you have out there. If I'm sitting in the partner world, I've been heard nothing over the last few years, but I've been inundated by all the hybrid solutions. So every public cloud provider, including AWS now, is talking about hybrid solutions. You've got virtualization players, infrastructure players all talking out there. So architecture you talked a bit about. Anything else key differentiators that you want people to understand as what sets Nutanix apart from the crowd when it comes to hybrid cloud? Well, like I said, it's because of our architecture, you can build a hybrid cloud in under an hour.  And again, I don't mean that, you know, being having that ego, but really, I mean, honestly for our customers, it's all about how can we speed up our customer's experience to cloud? So building a cloud in an hour, being able to truly manage it with a single plane, being able to move apps and data with one click in many cases.  You know, I think the way Dheeraj, R-C-U-S-Sum-Z and Tarkan have talked about this is we may not have been the first to market, but we believe you're the best to market in this space today. That's what I would say. Tarkan, I'd love to hear a little bit of the vision. So as it was Monica kind of alluded to, anybody that kind of digs underneath the covers is it's bare metal offerings from the cloud providers that are enabling this technology. There was a certain partnership that AWS had that enabled this and now you're taking advantage of it. What do you, when you look at clusters going forward, give us a little bit, what should we be looking for when it comes to AWS and maybe even beyond? Thank you Stu, that actually is part of the question. You know, most companies in the space, they follow these buzzwords, right? Have your multi-cloud. And when you kill the only and you find out, okay, you support two cloud services and you're actually on some kind of a marketplace and you're one of the 19,000 services, we don't see this as a multi-cloud. Our view is complete freedom of choice. So our vision includes on top of our private clouds, government cloud success with our customers, with our enterprise commercial on public sector customers, also delivered to them choice with Nutanix's own cloud, as I mentioned earlier, with our own billing payment logistic capabilities, starting with DR as a service, disaster recovery as a service, but take that to next level, the database as a service with VDI, desktop as a service and other services that we deliver. But on top of that also, as Monica talked about earlier, partnerships we have with service providers like Yoda in India, Rokonovic SoftBank in Japan, Rokonovic OVH in France, and multiple countries that we're building this XSP, Service Rider-Telco relationships, give those international customers choice within their own local region, in their own country, in some cases, even in their city where they are, making sure the network latency is not an issue, security, data governance is not an issue, and obviously third leg of this multi-leg stool is hyperscalers themselves like AWS. AWS has been a phenomenal partner, working with Doug Hume, Matt Garman, the executive team under Andy Jassy and Jeff Bezos, they've been super partners, obviously that bare metal service capability is huge differentiator, and with the typical AWS simplicity, and obviously with the Nutanix simplicity coming together, but given choice to our customers as we move forward, obviously our customers have a multi-class strategy. So I'm reading an amazing book called Silk Road, it's an amazing book, I strongly suggest you all read it, it's all talk about partnerships throughout the history, the, you know, those empires, those countries who've been successful partnered well, connected dots well, so that's what we're trying to learn from our own history, connected dots with the customers and partners as we talked about earlier, working with companies like with Wipro, we already delivered an end user company service called, best of the service virtual desk, database as a service, you know, digital data services with them, we have two other new services starting with HCL and others, so all these things come together as a complete end to end strategy with our partners. So we want to make sure as we move forward in upcoming weeks and months, we're going to see these announcements coming up one partner at a time and obviously we're going to measure success one customer at a time, as we move forward with the strategy. All right, so Monica, you mentioned that if you're an existing Nutanix customer, you can spin up in the public cloud in under an hour, I guess final question I have for you is, number one, if I'm not yet a Nutanix customer, is this something I could start in the public cloud and leverage some capabilities and whether I'm an existing customer or a prospect, how do I get started with Nutanix clusters? Absolutely, we're all about making it easy for our customers to get started. So in fact, I know seeing is believing. So if you go to nutanix.com today, you'll see we have a link there for something called a test drive. So we are giving our prospects and customers the ability to go try this out, either just take a tour or even do a 30 day free trial today. So they can try it out, they can just get spun up in the cloud completely and then connect to on-premises if they choose to or just if they choose to stay in public cloud only with Nutanix, that's absolutely the customer choice. And I would say this is really only the beginning for us as Tharkin was saying, you know, our future, I mean, I'm just really super excited about our future in how we're going to enable customers to use cloud for innovation, going forward in a really simple manner that's cost efficient for our customers. All right, well, Monica and Tharkin, thank you so much for sharing the updates. Congratulations to the team on bringing this solution out.  Thank you so much. Thank you, Stu, thank you, Monica. All right, for Tharkin and Monica, I'm Stu Miniman with theCUBE. Thank you as always for watching this special Nutanix announcement.


The following is a presentation of TFNN Trade what you see With Larry Pezzavento Call now toll free at 1-877-927-6648 or internationally at<PHONE_NUMBER> Now Larry Pezzavento Okay, looking good Billy Ray. I'm feeling good Louis We're gonna take a look here at the bonds here over the last five trading days This was the trade of the day that I posted for the video last night I thought that we would get down to one oh eight oh three that would be another abcd no different than the one We were looking at here.  I think I got a problem. Let me sit here Gee whiz. I don't know how that works. I time out. This is second. I don't know what's happening. I Don't know what's happening. Hold on this minute here. This might be okay Alrighty, let's get this up here Okay, let me know. It's all right. All right, would you a Jacob, please? I'd really like to know her Al Who's ever there? Anyway, this is the last few days. We're seeing the market come down folks This is a three drive to a bottom pattern right here. This is a pretty big bottom as you can see there's drive one There's drive two. There's drive three. Give me one second to make sure this is running here, right? Can you see no you can't see it now? Boys and girls I'm about ready to sing old Sinatra. You can't see it. Well, I did it the right way There it is. I go in here. I come up here to hit change screens and I go to change screens And I go to the private screen, which is screen one and I click on that And let's see if it's working now. Maybe it's working now. Let's try it Well Somebody's gonna let me know maybe not Well, the one thing I do know Bubba that the days of me doing this stuff are very very close to coming to an end I don't know if it's working or not. So I'll just talk to myself. I'm the only one at least when I do that I know someone's listening. This is the three drive this over the last three days. There's drive one There's drive two and there's drive three. Now if that's the case, there should be some symmetry Between that so there's drive one right there. There's drive two right there. The day should be today. Okay We were looking for 8503 you got the 80107 28 Whether that's right or not. I don't know but that is it now What I did do is this morning when I saw this big rally First thing I did is I want to see what the last big rally was. Let me try something else right here See if it's working. It's working. Oh my god. What happened? All right, let me get this back up here. There that's wrong thing. There we go I wanted to see that was a 3-8-2 if you remember from that previous. I wanted it Well now nobody's saying they can't see the charts. I don't know what's wrong And I can't take it anymore. Anyway fly down here to the Shucks Jacob I'm getting feedback from people on Skype that they can't see the charts. What what's going on? I don't understand everybody else sees the charts. I don't understand who else doesn't I'm gonna do this I've had enough Well, I tell you what I would do if they were me today and I didn't have Jeff huge on the line here today I would say Sai and Nara Sai and Nara Okay, that's what I'm looking at in the Bonds second one here big big big thing going Big thing. Hey, whoever's Skyping me. Please stop Skyping Please please stop Skyping me. Okay, cuz that just messes me up. Thank you very much. I appreciate the help but Okay, here's where we were today really important. This is that let's go to a longer We're gonna go to the 13 minutes so we can see the whole day. There's where we were notice folks What we did today now remember we're supposed to be trying to find a bottom today You remember the daily chart that we looked at yesterday This supposed to be a bottom this is supposed to be a bottom. That's what we want to be looking for. Okay? There's your a B CD. That's what we want to see is a B equal CD and there it is There's a B equal CD and where do it come in at? Where do it come in at boys and girls? Oh, I think it I think the 618 is oh nine in it. I got the 15. Hold on one second I must be because I didn't get filled hold on one second right here Yeah, see it was oh nine the low was 15 so I missed it by quite a bit in here So but that should have been a bottom now. There's several things that tell us that it may be a bottom Let's go back to that 13 minute want to look at it. Remember we watched this thing all the way down here Okay, there was your there was your first three eight two right here. Look at this folks There was your first three eight two was right there It went from there all the way down here and then GP is speaking and it makes an a B CD right up here That's what he called me and he said get short and then of course the mocha broke it down I was supposed to get long at forty three ten I didn't get filled but I was out of my short when it made below these lows and Now what I'm looking at is the markets rallying back up again So it's acting pretty good if we can get it to close above forty three seventy two That's gonna be a good deal because that means this daily chart that we're possibly looking at has a pretty good bottom in place As long as we don't get below we close below forty three oh nine There's something wrong, but if we don't close before forty three oh nine something good could happen with it Okay. All right. We've got another one. Oh the one of them. I just love this, you know, I don't All this work I did through all these years I wonder what the hell that I do and I said I never should have shared it with anybody actually But that's not what God wanted me to do. Here's the goal folks. There's your target 1976 By has been 1977 straightening in 1974. There's a bcd That was the first one right here packed off seven bucks and now we've had another rally up in here to 14 1975 so this should be a pretty good move here and so should correct in a goal Should correct in gold guy, let's take a quick break here. Take a look at the silver market It should be much weaker.  It can't even go to look at there There was our 382 from yesterday. Remember I said I'd sell it there Never really did but it well, I lost 75 bucks anyway pull down a little bit But look at this one folks. Look at this. You like 382 looks what's happened. We've had a high here and A low here and look at this. He said it one two three four five six seven times It's hit that 382 retracement that tells you that silver is probably getting ready to go down I wouldn't sell silver here because I just sold the gold at 1975 with a $4 stop So I don't know if that's gonna work or not, but we're gonna keep a close eye on that one So that's what we're watching here in the silver market today. I already covered the thing with the Walmart Hidden shoulders pattern that we looked at but I've had several people have asked me about 382 I'll be covering that in the live show that I'm gonna be doing November 15th. That's gonna be my last one. I'm not sure I'm gonna do any next year but I promised if you know how to do to this year and We'll get that one done on November 15th, and it's gonna be a good deal because it's gonna be half price folks It's only gonna be $144 and the goal is to make money I'm gonna be doing some teaching in between but the goal is to make money and you'll be followed through with these Traits by videos for 30 days, so that'll be a good deal. That's November 15th 144 US dollars. Let's take a little break here and we'll move right back to 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 Are you ready to take your trading to the next level? Introducing Tom O'Brien's 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 seasoned 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. 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Visit the front page of TFNN.com TFNN educating investors Well now toll-free at 1-877-927-6648 internationally at<PHONE_NUMBER> Okay, folks I got a couple of emails from people are questioning the value of 382 and they say how do you know that it works? Well, I look at a lot of different things But the main value of 382 is for really strong trending markets and telling you that the trend is changing Okay, so that's that's the main things you want to be looking at But let's take a look at two of the really strong stocks and all I'm going to do. I've not done this before So all I'm going to be doing now is I'm going to be looking at Eli Lilly I'm going to go back and you see this market has been going straight up From 110 to it hit 630 just the other day Now all I want to do is I'm going to check on some of these larger ones in here to see if we were looking at 382 patterns. So there's your first major correction. Well, there's there's one right here I don't know if I can make it big enough or not. Yeah, I don't think I can now Charts are too small. Oh, you know what weekly might do it. Let me double-check your own on Let me check and see yeah weekly does it just fine. There you go. Okay. Here's your first correction You can see that's a little more than 382. There's your next correction. So I want to check that So you go from your low up to your high There it is exactly 382 now. You've got another 382 coming in right here. Okay, so you've got a higher high Okay, so you've got to use that higher high. So all you want to do now is to go down to the low That you had right back here because that's a big cycle you come all pull up there It is again three two folks I swear to you on my mother's grave in the eyes of my children I have never looked at this stock before on the weekly I'm hardly ever look at it ever But I'm just trying to show you the importance of the 382 now You have another correction here, but you have a slightly higher high So you'd have to figure that one then you start going up and you get very little Resistance here. So all we're going to do now is there's your last low right here Okay, so you have another high right here. So you go and look at this one from your low up to your high Stops exactly at the 382 you can see it again now. Look at this one. This is a really big one here So this should tell us something a lot So you have a higher high and a lower low it closes near the low of the range But that is a very important low. Now. Let's just go see where it could be Okay, what I'm looking at right now is I want to measure this low right back here because that's the lowest low that I can See it might not make it but I'll have to value it out a little bit here and It misses it by a little bit So it's probably the low of this one and then I want to see because that's a really big low too and you'll see where does it come to This one misses it by a little bit So it misses the 382 here on a $300 stock. It misses it by $7 Then we start the big run-up and there's very little retracement here You can see no 382 retracements at all This is your first big one that you had right here now if this is any good This should be 382 off of that price right there, and I don't know if it is but we're gonna check it. There's your low There's your high and I'm not gonna be eating any pumpkin pie because it misses it by quite a bit So this is still in a runaway market. I have a little bit of a pullback here But even that's not a 382 little pullback here. I don't believe that's a 382 So that part it doesn't work all the time that worked on worked Well, that's a 50% retracement. So it worked pretty good not on the runaway It's just no 382 is retracement here to even look at I'll look at this next one I don't even know what this stock is. This is a Wow Just lost five bucks in gold. Holy cow didn't take very long did it hold on one second here There's a chance of this five dollars in work. Okay. Here's the there it is Let's get this moving up here same thing I'm just gonna do it from the larger ones here just to see where we are. I don't know I think it's Nova disc or something like that.  Here's a really major one right here We should have another 382 right in here somewhere. Let's just see how close that one comes Yeah, that misses it by quite a bit But these are real strong stocks, but you want to be watching for the 382 This is a really big one right in here, but it can't even make a 25% Retracement, let's see what it did off of the smaller low right in here That wouldn't even have been very much now 50% there But anyway pay attention to those 382s. They're very very important. Let's look at the gold and see what happened here This is one of those where those Didn't work very well see I sold it at 75 I had a $4 stop in it at 79 So I lost $400, but we went up and made new highs now on this run as you can see here We got all the way up to the 78% level folks that number is 1886 and the high has been 1885 on this run right here Now let's take a look at the same time since we were looking at silver And that was the one to sell because it was much weaker But as I do sometimes mess up occasionally and look silver hardly did anything Look, it just hardly did anything at all. Probably all it made was a well you could well There's the 382 right here. There's your high a little bit above it, but not by much Yeah, that that came in here at 05 and it got to 10 or 12 on this run here So this would have been the one to sell because it was weaker, but that's okay That's neither here nor there. I have to move on to the next one here Okay, that's pretty much what we're watching now and got one other one with the stock part and that was with Target someone oh Tesla not target Tesla. Hold on. Here's Tesla Asked me to take a look at Tesla. This is a 15 minute. You see it's down about 20 15 percent or something today Looking at the daily all I all I want to all I want to mention to you folks is this right here All we're doing in Tesla folks is making a really nice a PCD for a buy down in here This is all I want to show you. There's your last low. There's your ABCD 201 you're down about 20 bucks more and you're gonna be in this level right here What I wanted to tell you was right here. This is when the dudes came out from no, no We're this one right here. This is the this is the Morgan Stanley thing just a month or so ago They came out and said, you know, this stock is going to 440 that was a target that they gave it 440 Okay, and it was trading at around 230 something like that We gapped up about 20 bucks and a little bit higher to 786 and left this little tiny island that got filled here and there's your 135 pattern and The reason why I'm bringing this to your attention folks just because you see a report from Goldman Sachs and Crude Rolls going to $200 or the test is going to 440 People have ulterior motives when they tell you that believe me if they think that thing was going to go higher They would not be, you know When they when they put the calls on and they have a big move the next day I I know the SEC should check this stuff, but they don't always anyway that just keep an open mind on this Okay, folks, that's why I I want to you know remind yourself of that as to believe me If I spent all the times on the mistakes that I've made With this show would last about 24 hours a day seven days a week a perfect one was right there in the gold market I didn't look ahead a time and I should have been up there selling at that 678% level, but I didn't see it until just now so I'm going to sell it again here at 1980 and I'm going to risk $7 on this one So I lost four on the first one and I'm going to try another one that would be a $11 loss if I hear so I'm going to sell it here at 1980 with a stop at 1987 so that's what I'm watching here. Okay ten four remember that let's move on here and I'll be right back with Jeff huge of alpha insights 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 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. 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That's tfnn.com and hit watch Tiger TV Okay, we're back folks We're speaking with Jeff huge of alpha insights and we're having a lot of ups and downs today my friend What are you seeing here today Jeff? Well, we sure are Larry. Let me tell you it's The Fed chairman speaks and the market goes crazy But you know, we're not too worried about the market making new highs anytime soon Yesterday recall we were down well over a percent. I think we're up maybe 17 or 18 basis points right now. So You know a little volatility out there What are you showing here with speculative frenzy? Hitting extremes tell us what you're looking at here. Yeah, yeah, you know, let me let me just point out that this This is the speculative Conservative ratio It's a ratio that was created by Peter a light ease of stock market cycles fame And it's a great measure of structural investor sentiment the indicator really compares investor demand for speculative growth stocks is represented by the NASDAQ 100 compared to The demand for conservative dividend paying utility stocks is represented by the Dow Jones utility average And so when the NDX Utility average Ratio is trending up then, you know, the demand for speculative stocks is dominating the demand for conservative stocks and vice versa The ratio actually hit a level of 16.5 to one back in March 2000 That was a record that stood unchallenged until 2021 when the Fed pumped in nine trillion dollars of monetary and fiscal Policy support that's that stock soaring into the stratosphere and then we saw that minor pullback that's evident up there In the chart last year in 2022 when we experienced The first phase of what I think will be a long-term bear market And since that we've rallied back to a new all-time record extreme last week of 18.1 to 1 this tells me that the speculative juices have continued to flow and They're alive and well despite what all the shorter term Measures such as the put call ratio in the VIX and some of the survey data might suggest Okay, that makes really good sense. Let's get your next chart up here And I hope it'll pop up like the other one did without too much trouble. This is market breadth Collapsing like I could see that just by watching the tape. I mean, it's been pretty tough Let's get this up here. I think it's okay now Last week when I was on the show I showed the performance of a whole variety of different Indexes and what we saw is that you know the magnificent seven these large cap mega cap growth stocks are just dominating the tape But under that thin veneer Everything else is just basically flat. In fact, the average stock in the S&P 500 up just 1% as we speak And so, you know, this this historically Narrow market advance is very consistent with the conditions that would exist before a major trend reversal Here we're looking at the percentage of stocks that are trading above their 200 a moving average And we've got the NYSE on one side. That's about 2,200 stocks and then the NASDAQ composite on the right-hand side That's about 3,500 stocks. So your aggregation of about 5,700 stocks Well, they pull 87 percent of those US stocks are now trading below their 200 a moving average and So far during the month of October This number of stocks making new 52 week lows has actually outnumbered the number of stocks making new 52 week highs by a ratio of 10 to 1 That is extraordinarily narrow and weak Internally underneath the hood underneath the thin veneer of what the averages are telling you in terms of their year-to-date performance Well, we're really let's get the next one up here. It's amazing the volatility that we're having and I think it's just starting I think we're going to see as the market. Oh gee was your broad structural This is a really interesting one folks. You're going to like this one. This is your Elliott wave broad market in structural decline and boy, it certainly looks that way doesn't it Well, you know, everybody wants to focus on the S&P 500 But you know because of the heavy concentration of these top 10 mega cap stocks, it's completely Distorted what's happening underneath the hood. We take a look at the broad market from two different lenses on the left-hand side We can look at the Russell 2000. These are the 2000 smallest stocks In the US and and you know, some people say this market doesn't even matter anymore because the market cap of the Russell 2000 these in time the entirety of these two thousand back is less than the market cap of Apple computer these days So but if we look at the right hand side the value line composite that index actually Contains the magnificent seven in fact it is the 17 largest stocks in the United States But it's equally weighted and that 1700 companies produces 90% of the the revenue of of all publicly traded stocks So this is really important to think about these this broad market Well at the end of the day, you know following the initial decline, which you know We're illustrating as either wave a or wave one down depending how you want to think about it You know the Russell 2000 the value line composite each have retraced, you know a Standard kind of amount of 50% retracement, which is you know Essentially what one would expect in the case of the value line. We almost got to sixty one point eight percent more like Just shy of that and and so you know the retracement was a normal retracement if we're looking at the broad market What we've seen since that time is Both of these indexes have not just broken below their 200 day moving averages But they've actually broken below their 200 week moving averages in addition They've breached trend support off their October 2022 lows and those trend lines have multiple touch points So these are significant uptrends that have been violated But here's the really interesting thing Larry the 200 day moving average has actually crossed below the 200 week Moving average in the case of the value line and in the case of the Russell 2000 that's actually happening today So, you know, I think you know the violation of these key technical levels really suggest us that the broad U.S. Equity market is in the very early stages of a major structural decline now Obviously, we've used some Elliott wave analysis here as well and on the left-hand side with respect to the Russell 2000 We see it as an ABC corrective waveform But the Russell's a totally different animal than the S&P whereas the value line includes all 500 of the S&P stocks and Let me look at the value line composite It is the clearest representation of what's happening in the market and we see a clear five wave decline Which we think is wave one of five at a larger degree a primary degree of trend And we saw a three-wave corrective waveform that took us to the high in February which has not been challenged since that we think is primary wave two So we're in the very early stages of primary wave three down and we think we're in Minor wave three of of intermediate wave one of primary three So this is a big big deal It's a third of a third wave decline and we think it could carry in fact both of these You know patterns call for a significant and immediate decline in the major averages It's truly amazing when you see this thing unfolded Jeff You really have to put a feather in your cap because you know you've been telling it this for months And it's been we had a couple of big rallies in between but they faded We got to pay a few bills. Could you stay with us and we'll be right back you bet Jeff huge alpha insights folks will be right 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 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 and stock prices get the opening call newsletter by Basil 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 Are you ready to take your trading to the next level? Introducing Tom O'Brien's 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 seasoned 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 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 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 principal 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 Okay, I'm back. Oh dear. Sorry about that folks Hell 10-4 rubber duck. Where do I stand? What's going on? Are you there Jeff? I am here Larry. Oh, sorry for the interruption But I forgot the days a day that Carlos comes to do my car and I had to let him into the garage So that's why I had to run out. I'm sorry. Let's talk about the interest rates pal because I Toked it. I talked to Jerome Powell before he speaks today And he really rated the fact that rates were going to go higher and you're looking at 10.5% Is that what you're looking at Jeff? You know, there's a there's an interesting situation that's developing here We we see a new bullish regime for rates unfolding before our very eyes We think rates will continue to rise in a structural uptrend over the next decade But of course Larry prices never move in a straight line as you well know and and while we have a lot of these You know headwinds the deficit the depth of GDP ratio the supply of new treasuries coming into the market This is all going to continue to be a headwind for bond market investors But as you know the authorities will attempt to maneuver around these overwhelming obstacles and in so doing they may actually Temporarily delay the inevitable which is a rise to 10 and a half And so, you know, we see the process of rising rates occurring in stages Which will very likely respond to the key resistance levels that we've loosely outlined in this chart here You know in line is essentially with the path that we've illustrated with the blue arrow And you know, we think this could take a 10 to 12 year period before we arrive at that ultimate high of 1050 if you take a look at the top frame of this chart This is probably the most important thing that we've uncovered and that is the 60 month momentum study at this at the top frame of the chart Indicates a shift to a new bullish momentum regime for rates and what we see is that the period Before rates began their big 40 year downtrend We saw momentum was clearly above the 50% median line, right? We were in a bullish momentum regime, but since that time for the last 35 years Recently we had been below that median line and never once challenged it or pierced it above that That 50% median line which which created in our view a bearish regime for rates and now of course in recent months We've seen a breakout above that That 50% median line again in the momentum study and that suggests to us that we're in a very structural new Momentum regime to the upside for rates and so, you know our initial upside target as we've been saying for many months Remains 5.3% we put out a range of 495 to 540 and we actually hit 495 this morning is now almost 5% as we speak and in fact We think the market will push up to around five and a quarter five thirty before this initial move is complete Now that could take weeks to months We're suggesting it would happen sometime before the end of this year and then of course we think you know We could see some evidence of recession begin to emerge where we think bad Powell and the Fed could take some action. They could you know dial back their QT. They could Cut rates they could remain on pause for an extended period of time and this may cause tenure yields You back up into the four and a half percent range and you know, basically We see this sort of backing and filling where these you know obvious support and resistance levels will Will act as kind of a ping-pong mechanism where you know the rates will move up They'll hit resistance. They'll back off to support the rally into the next resistance back off to support Rally into the next resistance. So we've got some targets here after we get through 5.3 We think you know within the next 12 months we could hit six and a half percent in the next three years We think we could hit 7.8 percent in the next, you know, five to seven years We think we could get the nine percent and then we think a final push up to around 10 and a half percent Looking out say 10 years to 12 years into the future Wow, that's amazing. That's not gonna be good for real estate. I wouldn't think now We're gonna talk about the Elliott wave theory and it looks pretty clear what we're watching here on this longer term chart here Yeah, um, you know the situation is as follows You know, we believe that the market has already put in its It's first of five wave declines. So wave one Primary wave one ended last year in october 2022 and for the bulk of this year through through july 27 We've been in a counter friend advance that peaked on july 27th And since that time we've been tracing out what appears to us to be The first wave down of primary wave three So we'll call it intermediate wave one and so intermediate wave one is subdivided At minor degree and minute degree of trend and so, you know, we've we've labeled it minor wave one down That bottomed in um, basically around August 18th, we rallied back To a high minor wave two and that occurred around september 1st Since that time we've traced out five waves down Potentially or a portion of five waves down We're initially thinking that this is a complex correction that we've seen Since around september 27th to the 17th of october And that looks like an expanded flat to us and if we're right about that We should see stocks break down sometime between now and october 28th to hit Our next target level which is about 40 100 on the smp 500. That's where the 377 day Simple moving average comes into play and also it's a measured move down from the Obvious sort of classic pattern top formation of the head and shoulders variety that we've illustrated And if that plays out and you know thomas bolkowski's Calculated the odds of this. He said it's about a 68 probability that we're going to see that target bet So if we do see that play out, we think it'll happen before october 28th And the reason for that is that's a key montgomery cycle turn day This is paul mccray montgomery's cycle work. He identified a big solar eclipse To occur on saturday, which is did the 14th. We topped three days later. That's within the range And the next cycle turn date occurs on a lunar eclipse Which is october 28th and we think that will mark the next below We then should see a counter trend advance into the next lunar cycle date, which is november 13th That's the next montgomery cycle turn day. We think that'll mark Probably minor wave four and then we'll see a plunge down into november 27th Which should end the cycle and end Intermediate wave one down from there. We could see a pretty significant counter trend advance year end rally if you will And that's kind of how we're viewing things as we go into the balance of the year larry Tell us about your newsletter jeff. It's a home run and it's about 12 bucks a month or something It's very very reasonable. I can tell you that you you can get half of it for free You know if you just sign up at huge insights. Substack dot com Pick in your email address. We'll send you the first half of the uh the monthly newsletter free And so you can read all about the big picture view and and uh, you know where we see You know macro events in the economy Taking things and then if you want to read below the fold you got to pay 12 dollars and 50 cents a month And uh, you know, that'll get you access to our full analysis We look at rates. We look at the equity market We make very specific recommendations both Long and short on the stock market side as well as uh individual issues This last issue larry we entitled all roads lead to roam. That was our most popular We've ever written We're gonna have you on again soon my friend. Okay. Thank you for joining us today Sounds great picture larry If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try tom. Yo, brian delivers options and equity trades when the markets present them using a combination of fundamentals and Technicles 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 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 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 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 tygruses 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 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Go to tfnn.com and hit watch tiger tv. That's tfnn.com and hit watch tiger tv Okay, we're back folks. I want to get to you for just a second here to uh Talk to you about the s&p because the whole run. I gotta get oh, we're gonna get the charts up first I gotta get rid of tesla and this other one's here. Hold on But we're really close to uh, there's 61 percent retracement now in the s&p We're moving lower, which is uh pretty much what we thought it would be doing. Yeah, it's still quite a ways from it Let's get this up here. So we'll be able to see it here And um, let me get uh, hold on. Let me get my things showing up so we can see where the screen is And I go to that one. This is the work. Okay. I think Okay. All right, here's where we are Uh, let me first of all you can see we're trading at 43 30 the lows been 43 15 We've had a big round robin up and down as we've said before you can see we went up and now we're coming right back down again Remember the number that we're looking for and we we believe in these numbers pretty good Is 4309 that's right there. So if you go from your high down to your low You're gonna see here right there is 4309 Okay, now that is the 61% on the daily and guess what else it's going to be folks It's going to be i'm going to draw it in so you'll see the pattern pretty easily here You know we come down and there it is right there There's where your abcd with me that right there below there If we turn the lights out because we're going to go a lot lower So you don't want it to close below there. You'd like this come down and hit it here the next hour or so Okay hit it and then rally on the close and you know you've got something pretty good going now We got crude oil moving sharply higher, of course. We got gold, you know sharply higher, of course And so those are things that you've got to pay You know really very very close attention to as you're watching some of these others now hold on I wanted to see where we are here In the gold because I resold it here and i'm putting my stop right above there Which after is five dollars on that but that's really near the longer term picture because there's our number right there at 86 And the high has been 85 10 We'll see on the flip side tomorrow folks live every day in an attitude of gratitude and may god bless