This is start-up storefront change is constant. It's inevitable, but it doesn't always have to be bad Hentifiers aren't strangers to their neighborhood. They're from the community and they're trying to build up the community That's near and dear to their hearts from Hentification We get Hentify a development company founded by Barney Santos The goal is to act as a catalyst to stimulate economic growth through entrepreneurial activities Their first project is Boulevard Market a carefully curated food hall and beautiful downtown Monabello It's committed to serving up good food good drinks and good vibes in this video We talk with Barney Santos about the difference between gentrification and Hentification Keeping money local and being greater than the sum of the stereotypes as a community I thank you to cat footwear for sponsoring this episode They're a premier shoe company that empowers builders and doers to reframe the world to create something more meaningful This marks our final episode celebrating Hispanic Heritage Month. So let's go out with a bang All right, welcome to the podcast on today's show talking to Barney Santos from Hentify. We don't know. What does your company do? So Hentify is an investment firm We invest in people places and programs in Latino communities specifically for creatives to kind of build strong local economies Encourage people to invest back into their communities. You and I are like only two developers Hey, it's the first time. It's the first time. We're like the young developer crew of LA. Two developers in the same room Which is nice because most developers don't collab necessarily and so it's good to have like I think we're both young and we have the collab. What was your first thing that like got you into real estate or even just curious like even as a kid Maybe there was something maybe Legos and you're like, okay. Maybe there's something here. Yeah, you know interesting enough man I was never interested in real estate at all whatsoever and so like about about like 18 19 years old and it was funny because like I was essentially like I straight out of high school I've always been a hustler, you know like since forever. I mean high school used to sell like chocolate when to your classmates Yeah, I always laugh at this story because it's like I would find out when like this the other classes were doing like their fundraisers and selling Chocolates and so like I would buy chocolates at like a cheap price and then like flip them Like, you know fundraiser price But like after after graduating like I just wanted to see what I can get into so I was gonna go either work at the YMCA Which you know, I'm paying minimum wage at the time But then my homeboy Jerry was like a dude like like I'm working in real estate in a mortgage in the mortgage side Okay, okay, and he was like he saw me saw my like, you know my candor my my charismatic sort of like nature at the time When I was really young and he was like look here's my last check I can you can get paid this much or you can make this much per hour. Yeah Yeah, I want that check right there. So like that was kind of like the star. I got into mortgage No, it's totally And then he had me on the phones like the next day It's just like bang bang and carrying him out and I got I got a lead that first day We worked it together and so like within like two weeks like I got my first deal close And it was like a refinance and ever since then I was somewhat touching it I had my own mortgage thing and then fast forward got into like foreclosure management for asset for the banks on the on the east side and then on east coast I should say and then yeah, then eventually got into the real estate develop and not even buy it like Oh, that's what I want to do You know, I always whenever we're getting to ventures or projects It's always a byproduct of like what's the need and then I'm like, okay, how'd I learn it right like? I know you kind of like yeah Very similar. Yeah, and it just was the need at the time I'm like, okay, cool. Well, like I'll have to learn development.   What'd you do like for me? I just got this audio book of like real estate terms.  I for me it was don't be scared Don't be scared 100% jump into it because you'll learn it was literally the real estate development for dummies I still have that book in my in my office But it was most about like the due diligence the first part of like the first six months of like real estate development So we're saying yeah, yeah, yeah, like what is a you know, like Environmental phase one study all that stuff right like had to learn all that and then as I was going I just kind of like I'm not a person afraid not to ask questions So like I just ask everybody who I know who's in real estate. Hey, what does this mean? What is this do like is this right? And so they would kind of give me guidance. So it was kind of cool that way Yeah, and then what made you want to zone in on like the Montebello project in particular. Yes So that particular project was a byproduct of the fact that so we were living in my wife And I were living in downtown Los Angeles for like a good. I don't know like a while like eight years We saw it developed from like before Ellie live before Rouse was in there. And so like got to saw the whole Lot of parking lots. Yeah, Joe's parking was just like Malcolm in the middle own parking lots Malcolm in the middle for us. Yeah, the actor like he Immunity has a story where it's like he didn't know where to put his money and he got a lot of advice But he just wanted to be like the cheap parking lot guy in LA Like that's what he wanted to be for no reason and so he ends up buying all these lots around like where you know It's all developed now And then he ended up obviously selling them for a ridiculous amount of money But he just wanted to be the cheap so he'd go look cross-free if it was 10 bucks.  Oh, yeah, I mean that stuff is real estate prime. I mean, yeah, I Yeah, I mean we was in that world And so I got to see y'all of downtown LA develop and become kind of like what it is today and saw it gentrified completely You know, I knew you right away.   It was nothing much to do like anything there Within it maybe like a handful of things that were just like traditional businesses legacy business have been there forever And so, you know in in their core downtown corridor, like I said that with air quotes, right? Like I was like, well, this is a downtown. I just came from downtown like where's the disconnect Why is it that our Latino communities don't have this kind of like economically developed place that we can label as a downtown? And so I noticed there's a lot of cities like that and that's but the cities wanted to have that Yeah, and so I saw this piece of land. It was a building right in the corner right in the heart of it Empty broken windows graffiti kind of like a lot of buildings in that downtown So I was like, all right. Well, let's look into it Like let's see who owns it. What can we do with it? You know just start that just that whole process And so and come to find out the city owned it Been empty for like I don't know 15 years or so City bought it with like redevelopment dollars that they weren't supposed to use And so like they were considering putting up for RFP, right with that property and then there was like an acre of land behind it But they wanted to partner with a larger developer. They weren't trying to I mean, you know, I always it's always the case Yeah, yeah, they're not trying to see like someone brand new and be like, oh, yeah Here's an acre and a half right take it over and I get it So I started bringing people to the table like I brought says our job is foundations the table to do affordable housing Behind us and we do the retail they could have penciled out Met some other developers and then finally eventually just kind of like Landed at a concept and some and met some good developers and jumped on to the RFP with them But it wasn't until after like I spoke to hundreds of people in the city found out what the real problem was Which essentially is a you know, like people our age kind of like, you know Uperly mobile millennials going to college traveling watching a lot of Anthony Bourdain Were wanting more out of life retail, you know, like shopping food and The cities that we live in just aren't supplying that and so, you know There was a disconnect between supplying demand and the legacy businesses are scared to change because it's just you know They've been there for 20 years 30 years immigrant on mostly and so they're not gonna it's a cash only business You know like and stuff like that So a lot of the talent was just leaving and so they were just leaving the Monabella area moving to West L.A Downtown Hollywood and so all that look talent was gone. No businesses to serve them And so I was like, all right. Well, let's let's definitely build something here See if we can do something cool that can activate the street, you know, you know revitalize downtown and yeah, that was the same It was the same thing. It's like they I think their biggest problem was how do we keep the young people here? Right, that was the whole thing like everyone was like 30s and there was nothing for them to do And so they realized like all the all the money leaves. I was I grew up in Springfield, Massachusetts And at the time there was an economic developer His name is John Judge great guy that I met and he had this like excellent flowchart of like what happens once kids become 24 to 30 and they would all move to Boston and even if they didn't move to Boston and Boston is 90 miles away There was like literally a graph of the money leaving Springfield because there was not much to do there was stuff to do Bring drain not too much and it would just like they would just drive to Boston for the weekend Yeah, like that's what kids did and they would spend all that money Yeah, his whole thing was like man, how do we get the money to stay? Like how do we build it? But it's hard. It's hard because it's like I think I think naturally people go Even if we build it, they won't come. That's the thing people get wrong. This is the myth The biggest myth is we're gonna do all this work and no one's gonna care and it's totally not the case That's what I love about development. That's what I learned I think with border X was it was just like a smashing success and then I'd get these like DMs on Instagram around how a Family would just be like look before I would uber first of all I get it I get a babysitter, right? So it's like 50 bucks then I'd uber downtown That's 40 bucks then I uber back that's another 40 bucks and then we spend whatever 50 bucks 60 bucks at a brewery Right, and so it's like a two three hundred dollar night And now they have the same experience for like 50 bucks Right in the backyard So once you know, I started getting some of that that was after but it was like oh wow This is it can be that simple. Yeah, you know what I mean? And so the fear of failure or whatever it is Doesn't need to be there and it was funny because talking to a lot of investors too Like even the investor community has that same sort of like mentality They're like, I don't know it's too much of a risk and you know I'd rather invest in like a West L. Air like a downtown or it's proven or whatever. Yeah, yeah Except you're competing with a hundred hundred percent.  Yeah, right?  Yeah, it's a pretty good odds Yeah, you know if this were in the desert, I'd say you have a point Mr. Investor, but you don't you have no point Yeah, right and LA is proven. I think of any other city LA's proven that you can create destinations in places that no one would ever go 100% and if the product's good, that's it or there's a vibe Yeah, you know, and I think that's my whole thing now if there's if there's one million people then five miles You win period. Yeah, I mean density is key man. Yeah diversity, too, right?  Yeah, yeah There's a lot of us in this community is just kind of like ready to spend money But just have no one really cool to go to and so like I think there's a whole market to be tapped into That's the thing you always talk about. It's like we deserve nice stuff. Yeah, that's the thing you say a lot Yeah, I believe it. Can you like that impact that though? Like what do that mean to you? Yeah, man? You know, I just you know, it's There's a lot of like stuff that people always have a conversation with me about in relation to like Latino communities And like what what is there and what's usually gets opened up in these places?  Like People want to pander to like the lowest common stereotype, right? But I think we're greater than the sum of our stereotypes as a community And so, you know, a lot of times what happens You'll see people open up concepts that have like all kinds of pictures of like Frida Kahlo or you know Conchas on the wall or whatever, right? And so I'm just like, well, you know, that's cool and there's a market for that totally I'm not just like discriminating against that either But I just feel like there is a community that wants nice stuff that you can get only like on the west side or downtown That still feels authentic that still feels like connected to who we are as people and all it is is little touches and nuances of design Aesthetic music, right? All that stuff like, you know, all that stuff you programming And so that's what I mean by like, okay Well, our community deserves nice stuff because not I'm saying that there isn't nice stuff there It's just that I think the elevated experience that people want from our community is it's hard to find and so I think that's a key That was always my thing like being from Peru There's a bunch of Peruvian restaurants here or in general like everywhere But every time I go to one it would just it would be like the design would be awful Be super rundown and it's a thing that like when you up when you peel back the onion being in Peru If you were in Peru like the 80s, even the architecture is really built around like safety first It's built around there's fences outside, you know There's spikes on the things and it's something you don't see in America Like that's not a thing you grow up with and so when you're a culture That's at some point was that war and all this stuff or whatever or like Civil War then it defines the architecture We just want a meal like we don't care how it looks, right? But then you move to America a different culture It's got it has to be both you have to and if you have a cocktail program That has to be good too all three of these things have to exist and I'm seeing more of that now Now there's like obviously some pretty good Peruvian restaurants around LA and with great design beautiful bar program the whole thing But it's like the migration of the cultural mindset Yeah, of like give yourself permission to be free kind of a thing Yeah, because it's stem it's like it stems back from you know oppression or just or just these like well the bare minimum Bare minimum yeah, I'm good with it just being like good food and that's it like and the common thing I always hear is like it's not it's got to be better than what I can make at home and the experience has to be better too Right, especially COVID COVID like through a hole. Oh, yeah, you know true. It's got to be wait because people start how to cook So it's like it's got to be really how to drink a lot more Yeah, but yeah Salvadorian food too like I you know, I'm a Salvadorian and like same thing with like You know the getting purposes everywhere all over town same exact thing Like it's very few and far in between Salvadorian places that you find like whoa It's true dope like yeah location good spot. Which is like why I love Vicho so much, right? Yeah, it's kind of like it's great. Yeah. Yeah, so they kind of they know how to balance the two Which is it's just hard to do give people a sense of the program that you have at the location at Boulevard market Yeah, so Boulevard market essentially is you know indoor outdoor food hall has old 100 year old building that you know We repurpose and we got it Reinforced they kept the bones of it to make it look gorgeous and old and then we have the outdoor courtyard Which we kind of there was a building outside We tore down So we can open wide because we kind of looked at we studied architecture from like Europe and you did kind of like We saw it like how Europeans do food halls and how Mexico City does food halls and just in general architecture We liked how like in Spain how they have sort of like this general design where it's almost like enclosure And then they have like a community inside of that and it almost like you're talking about like the Barcelona Yeah, yeah, the square blocks. That's right the square blocks. Yeah, that's exactly right We kind of like that idea of like, okay, you can create this insulated experience you know still within this grand grander sort of conversation of the street and We landed at that because it was the most cohesive to creating like it's almost like inner density, right? It feels like a tight environment So we have a total of eight concepts in total at bull of our market, you know We have I think it's like Five outside and shipping containers and then three inside in the building. What's the mix of like food and drink or? Yes dessert stuff like that. It's mostly all food. The only thing that's not food was coffee, right? So we have coffee santo coffee santo that while how amazing what I can coffee Yeah, they're really really artisans when it comes to their coffee and then we have alchemy craft Which is the bar that my wife and I own but other than that it's all food everybody else What has been the hard part of this so whenever I tell people about development It's there's a lot more behind the scenes in terms of working with the tenant to help them understand business or their financials And I think I think like people like us know that but I think the world doesn't right and so like we have a publicist on our team It's the same. I'm like you wouldn't believe the level of like consulting that we end up doing for some of these companies Because it's like I can't make beer doesn't make me dumb They don't know how to create a deck doesn't make them dumb, but when we're doing this for these communities It's like very much a collaborative a lots more there than than I think people realize. It's an interesting dynamic I will say that that is probably the one surprising thing that if I were to tell people people would be like shocked about Because everyone thinks everything's got it's together. You know, it's totally not First of all like for us we're dealing with seven other Businesses right with a bar so I deal with myself, but like I said we're lying on Yeah, so and two of those is an incubator. So we have an incubator program at boulevard So we have one kitchen at art our restaurant. We own the permit. It's our kitchen We have two concepts working out of there. So we're really hands-on with them right like we're you know We meet with them Often talk about their P&L's and help them put together. Is that you or do you have a team? Myself and with Claudia so Claudia Morales shout out to Claudia. She is an amazing she I met her at USC She was in the social entrepreneurship program, but she is a background in like, you know a nonprofit world and case management and working with Organizations and since she got work started working with me. She's been she died deep into like the food space and food security But she runs out with me and so we both kind of like do our parts She helps with like more the organization the operation side of the program creating all the documents and like everything Formalities and metrics reporting and meeting with them also and then I do a lot of the business advising So like I help with giving the feedback of a marketing about their P&L's about their numbers Yeah, you know even but even yourself even as little as like menu design and like people don't understand the nuance of like Yeah, don't have 40 things on the menu. Well, yes Yes, but also like she's a factor The placement of what of what you want to sell like also like there's a lot of studies about like, you know Putting those stuff you really want to sell the high the most the best margin stuff in more in the eye line versus like above or below Like if you you know, there's little things like that You kind of like once you start implementing them you see like massive Yeah sales and signs matter signs matter border X we learned that they didn't have anything They had it like up there like in the rafters, which was cool. It looked cool Yeah, but no one would you know like this Behind the TV Benny boy just did it actually the Benny boy now has one lowered it so they have two They have one that is eye level, but then there's always a line like if it's busy There's a line of like 20 30 people and so if you're in that if you're like, let's say 10 people deep you now There's one for you So the whole idea there is you're right, you know as soon as you order you ready know to go Yeah, that's great. So but it's like little things like to your point that make the biggest difference Yeah, but you know all that hand-holding with with our groups, which is phenomenal That's the point what we did it like we love that It's been such a joy to see people develop in their career in their business But then there's also the inner dynamics of how to even communicate with different tenants Right because every tenant is so different and how they function and how they work and how their styles some are extremely assertive Some are really like I'll do anything it takes to make this work and some are a little more lax and sort of their marketing approach And some people have you know, like maybe they don't do any marketing Do you do all the programming for them or do you collaborate? I guess maybe we kind of collaborate I mean we kind of like set the precedent for like, okay Well, this is what we're gonna do.  Yeah a TV. Yeah. Yeah, some people like that I was dope with Netflix. So we did one last year around. I think it was November Which is pretty crazy because considering the fact that we were just open like for two months Yeah, we're in we partner with Netflix on the season two premiere of hentified the show hentified Which is funny because our name exactly name is hentified. So it's a perfect pair perfect Yeah, I really what they know about that ahead of time. I know one of my friends from grad school kind of connected us Jessica she connected me to Michael who was on the team at the time Netflix would built out some like a multi cultural marketing team Focus on community and they were gonna do some activation I think with like a food truck and go to like a film premiere. It was kind of like pretty standard Pretty standard. It's kind of not really interesting not it and she yeah, exactly So she was like no don't do that talk to Barney Boulevard. It was right. So this whole thing and so We had conversation initially what it could look like and then they just ran it up the chain of command And apparently America Ferrero, which was like the person who created the show. She was like, I love it. Let's do it And so yeah, we had two activations at Boulevard One was that like a private event where it was just like all the influencer people from the show America Ferrero was there able Longoria like all the creators They all kind of came out in part and we had a good time there But they also did like a lot of press that day So they had live, you know streaming interviews and then the second one which was my favorite part Which was like the public-facing event and that was a major activation.  It's like the culture of the downtown and We gave away like a hundred items for each vendor people had special menus that they created for that were like based on the show It was like a dope activation. I found like a paletero cart guy. I was giving away pop I mean, it was so cool. Yeah, it was really representation of the community, but it felt authentic It wasn't like pandering, you know, right? It was like an authentic and it was packed I mean, it was crazy packed. What has been the hard part like have you had tenant turnover? What has been the part that surprised you on the other side of it? Thankfully, we haven't had any tenant turnover like that is actually I'm really proud of fact that we've been open for a year That's amazing zero tenant turnover, which is actually from what I hear is kind of rare Yeah, I have a couple other friends because you give a shit a lot. That's that's a lot Like I tell people it can be that simple. Just care. Yeah It's it is true. It is true. Honestly, it is true Yeah, like, you know, like we care about so much the experience for the customer and we do a lot and we change We're constantly iterating changing lights like adding plans doing this changing the music I mean, we're learning as you go all do its constant iteration constant iteration but you know, I study entrepreneurship at Cal State and USC and a little bit other places and it was all about tech and like the whole iteration process of like customer discovery and Development and so, you know lean startup methodology and so like for me, it's like it's a I'd rather I opened in like All right, let's just constantly improve. We'll eventually it's a place where it's perfect, you know But right now it's constantly at at at so it's been good. That helps a lot. I mean, but the hardest thing I think for us has been You know, initially I didn't I didn't think about the dynamics of in order for everyone to be super successful We have to have an enormous amount of transactions that happened on a monthly basis We have to probably have like about 25 to 30,000 transactions that go through that place a month for everybody to be like we're good So that's a that's a pretty 50 grand 60 grand something like that 50 60,000 total transaction all the vendors like per month. Okay. Yeah Yeah, so that's Roughly buff. Yeah, it could be like about 40 to 60,000 per per vendor. Yeah. Yeah, that makes sense Yeah, so, you know, so that's a whole it's a lot of traffic, right? It's a whole lot of traffic. And how big is the whole space? It's about 8,500 square feet. So it's there's some outdoor space, too Yeah, that's that courtyard. So that's that's predominantly where people want to hang out. Yeah, it's Yeah, it was a premium for us the bars bar outside.  I did in the beginning. That's a lot. I would totally do. I did It was fun. That's totally my wife until I get pissed.  Yeah, I get by many as two items Peaceco Sour Margarita My wife was totally like get out of there. You shouldn't be there. You should be hiring people, but it was fun It's fun. It's also like the feedback, right? The thing you're the thing entrepreneurship thing you're talking about You know when it's broken like people tell you or like you can see the expression on their face And that's that's something that's how I look at I'd be like, I'm gonna make great drinks But also get the feedback and just talk just what's going on. What would you eat? Yeah, you like it So then when you do you know exactly what you're looking for you're also watching how like you like how humans Because the human being is funny where super funny, but you you'll see them enter. What do they do then? You'll take notes. Oh, they're going.  That was the constant I was always looking asking and then also on top of that the process for us The bar is like I always looked at it as like how do you make it like a vending machine in the sense of a soda? Like you just pick a button he comes out of product right like in the sense of efficiency and time So even the drinks and we mix mixed drinks like how do you cut the how do you cut the time? Like how do you make it faster, right? It's like a margarita is like we pre-make them and put them in kegs So it's like all drinks. Oh nice. Yeah, so like stuff It's so it moves quick quick quick so we could turn the customer over because people get pissed like it's weird Like at a bar in Hollywood you wait what like maybe 20 minutes sometimes 30 minutes for drinks They're going to boulevard markets. They don't have to have that experience.  So we kind of just burn it through fast But um, it was a lot of that in the beginning, but now I'm I'm no longer like behind the bar Yeah, my team's like, you know No one wants dad to be home. Yeah. Yeah, exactly. That's how it goes Now my team's awesome though. They're great. I love them. They're it's like a family man We just celebrate like I said a year and did you have them like on flexible leases just because you didn't know or was it all Are they all in long-term leases? Yeah, or maybe they even preferred that no That was the one thing that we because we didn't build out the tenant improvement spaces like they they invested in their own Improvements they we got we gave them like long-term leases to kind of help offset that because the typical food home models the developer develops Everything builds up the kitchens and then gives people like a one-year lease, right? Because food halls, you know, they you never know something my hip might not and they ask people to leave or whatever We're like we're vested into all of us. And so like we want to make sure everyone's successful What are you working on now? So we're we're dialing in even more like Boulevard, you know as you know Like sometimes building something is great and you could pass it off and hands off a little bit But like, you know, we operationalize Boulevard market operationalize the bar completely 100% so that I'm not it's not dependent I mean whatsoever and we're we're pretty close to that now We have all our people in place and then the next project we're working on is we just want an RFP for this for those of you Do not take a request for proposal for a city for Development in the city of Whittier Whittier has this like downtown area. It's called uptown Whittier and Yeah, it's great location developed has a lot of businesses there, but it's not really cohesive There's nothing really connecting it all together And so the city had like six acres of land that they wanted to develop They wanted to do a housing affordable housing market rate housing and then retail And so essentially the RFP that we applied for was to jump in with three with two other partners to do this Collective six acre development. So we're taking on the retail side of it. And so the next project will be you know We're finalizing everything we the ENA agreement and then all that stuff with the city But um, yeah, it's about 11,000 square feet right in the heart of their uptown like piece of land It's been there for like 30 40 years Just land not even there's nothing on it. So it's like perfect and right behind it It's this massive like five-story like parking structure, which is like gold for us. That's awesome. Yeah 100% so to be like a similar concept similar in the sense that it will be retail food community focused like I don't Don't think I'm gonna use containers, you know for me the containers thing. It was never I'm not like I've heard They don't last or they kind of get run down. No, not even that I mean for sure they're mobility material like anything, right? But like I think for me the the use of the material was more of like I was inspired by like downtown project and like Tony Shay You know, they were they were our advisors when we first started the development We actually reached out to Zappos and they showed us and you know, they were like Oh, you know, you can do this in your town and at the time nobody was doing it And then more people started doing it. Yeah community. So it's not as became a fad. Yeah Well, I would say it's like right at the border now, right of that like so anything more than now. I'm like, okay It's not cool. It's not hip. It's not innovative anymore. The thing that excites me is how can you do something different? Like how do you like change the landscape a little bit and make people think differently and inspire them to kind of like Invest in our communities in new ways. And so we're trying to figure out how we can do that with this new space Like how do we still do the idea of Boulevard like in a different fashion? But like using different materials different design methods and see how we can approach it I'm I wanted to something new with retail and change it a little bit. So we'll see how that works. It's so we're still in the Excited dude. It's like cliffhanger. Yeah, I mean too good stuff, but I'm sure it'll be great I mean we put together.  I don't want to get in their way I kind of like say like this is the prompt this and then push and we kind of like let's push it a little bit more Let's push a little more and then we kind of fine-tune it But I think the creative abrasion part of it is my best in my favorite part Yeah, this aspect of like the design and the elements of the vision like that's fun because it's like create It's all creative and it's 100 and then you figure out how to do it Well in the vein of what's next last week I think you tweeted out something like if I don't build a business within the next year. I'm gonna buy one Yeah, you saw that It's a really cool statement. We go deep. We go deep. Yeah, but I wanted to like Pick your brain on that and like what's in your mind for like what you would build or what you would buy And how that would factor into what you're already doing. Yeah, I mean, so I think for me It's a byproduct of like, okay, like I want to keep growing I want to keep investing in the community and so That's the that's where it comes from 100% holy like the more opportunities we get to invest the more jobs We can create the more opportunities we can give to entrepreneurs. So when I look at, okay Like I'm starting to get anxious now a little bit like, you know Building and managing two different things all together, right? And so like I like managing a lot. It's great But I love building. I'm I love creating So I'm getting a little anxious now and so like I'm like now I want to okay Like how do we what's the next thing I want to sink my teeth into? The Whittier project is gonna take a lot of time. We have another thing that we're working on right now I can't announce but it's if it goes through it'll be a big thing for next year for Boulevard extension of our brand But I think the next phase is like, okay, like either we're gonna do launch something new or acquire something I've always been fascinated with this idea of like private equity, right? But like for good for super, you know, because a lot of private equity is all about like slashing costs and high firing people So like how do you leverage private equity an innovative model at the local level? Like can you do roll-ups? Can you acquire like legacy businesses that are like sort of the owners are want to retire and they have Nobody to pass it on to like can you buy like ten of them and roll them into one concept and then scale? You know like across the board, you know So things like that are kind of interesting me and then how do you leverage a layer of social impact on top of that? Like can you do workforce development programming? Can you do entrepreneurship training on those things? That's the layer that I every project we want to sink our teeth into has to have a layer of that It can't just be I mean there's gonna be probably some projects that are purely Like a pure capitalistic endeavor to help create more like revenue for the other stuff But mostly everything has to have some sort of social impact and enterprise along along to along the line So to answer your question, yeah, but yeah, I just I'm getting anxious and I need to take my teeth into something Let it drive you bro. Let that anxiety drive you. Yeah, totally does Everything you're talking about it has to do with the community and earlier you talked about how these legacy businesses in Montabello were against it and I'm sure you faced some some nimbiers pushing back on on the Gentrification and I'm just curious how you deal with that because when no one knows you and No one knows like your intentions or anything like how do you?  So like they're opening up concepts and businesses and they do it in a responsible way That's in alignment with kind of like the fabric the social cultural fabric that's there And you know hopefully creating interventions to help offset some of the negatives, right? At least that's what I think and so the company hand to fight we bill wanted to be the action verb of that And so like how do we initiate that more in the communities that are considered our communities with local people driving it? So for me, it's like okay Well knowing that every project we sink our teeth into there is a lot of research that goes in that We have to do like meeting the community having karma like even before Manabella We met with probably over 200 people like just from the local community local organizations Chamber of Commerce Council members like leaders in the community We had town hall meetings not even to say this is what we're doing, but like hey, what do you want? Like what what is it you need? so my opinion like asking the community and Asking them what they're nervous about and afraid about like first and trying to figure out How do you create interventions to offset that stuff, right? So I think that's the key is being intentional as you possibly can so you're tapping into like their their fear of the is Of the unknown and so the more information that you can provide them the better off They'll be and the more supportive. They'll be yeah I mean, I I think the easier it is for you to get an honest representation of what the needs of the community are Right so you can address them directly and build something that that will have a higher chance of being successful and also You know try to offset some of those negative externalities that you don't want look I mean gentrification is a real thing, right? Like it's a real thing but by the time a restaurant pops up in the corner It's a byproduct of things that are already taking place, right? Like the community is already changing and so like Communities change on their own like they evolve over time. They just do The question is is how do you create interventions and how do you be responsible about how you participate right in evolutions? Can you do it responsibly? Can you do it effectively? Can you lobby for more affordable housing? Can you leverage your your voice and like work with council members to create more policies to help offset some of those negative things? That's what my feelings are. It's like, how do you be responsible in the community? So like we generally haven't gotten much pushback because I think people see us as genuinely caring about those things I mean with Benny boys the same as like we literally knocked on doors at the beginning. Yeah, really the hypothesis is do you want me here or Not and if not, that's okay We can have the discussion I can move this project somewhere else and that's really it and I think if But it takes time. I mean you got to be willing to knock on people's doors. Yeah, introduce yourself to the and yeah I don't know. It's a it's a relationship is the way I phrase it and though those things take time Well, I well, we don't want to do is pretend like we know what the solutions are right, right? Like what I do know for sure as the community knows what the problems are And so the more we can hear the voice of the community understand what the problems are the better It is that we can sort of interpret that and say like okay Well, this is essentially the insight we're Extracting from that and this is the solution that we can potentially create to address those things At the end of the day like it's great investing in communities always gonna pay off no matter what like the ROI just from a community standpoint It's huge. Like yeah, I truly believe that and impact massive massive. Yeah, well, Barney Thanks for coming on the podcast man. Thank you where they can find you how they can support Boulevard market Yeah, so they can just follow us on Instagram at BLVD MRKT or they can follow me on Instagram at Barney Santos B. A. R. N. U. Y. S. A. N. T. U. S. Legend. Thank you, brother. Thank you. Yeah, appreciate it. Come on show. Absolutely my pleasure If you made it this far, I bet you loved the episode so you should join our youtube channel membership for only $2.99 a month This gets you access to one the whole unabridged conversation Two you get the episodes on monday one day earlier three you get two additional entries to our giveaways Check out our instagram to see what we've given away and four you get access to seasons one through three That's over a hundred episodes of wisdom and life-changing advice. What are you waiting for join?


The residential sector is currently one of the main contributors to the global energy balance. However, its energy demand is largely uncontrolled and inelastic with respect to the power grid conditions. To address this issue, demand management mechanisms are needed to optimize the energy resources of customers and their energy demand profiles. Demand side management, DSM, is a proactive approach that makes users more energy efficient over time. This paper surveys the literature on optimization methods for DSM of residential consumers, categorizing them into three axes, individual user versus cooperative consumer, deterministic versus stochastic and day ahead versus real time. Based on these classifications, the paper provides a comprehensive overview of the key features of various approaches and techniques and discusses future research directions. This article was authored by Antimo Barbato and Antonio Capone.


What would you create with $100,000? With the Artless 100K Fund, they're giving one creator the chance to bring their wildest visions to life. With $100,000, I know what I would create. But the question is, what vision would you bring to life? With the Artless 100K Fund, now is your chance to make your dream projects a reality.


I'm done with my doctor's appointment and girl this look this why I don't want my hair out look at all this hair I'm about to pull this stuff back It's too much no, I'm gonna get a Cup of turkey chili and a whole grilled cheese sandwich with a Regular agave lemonade My god y'all oh my god y'all I almost had a full on fit I thought someone stole my work laptop and that would be a problem because This is client information.  Yeah Anyway, I went to go give my what's not talking my child. Yeah, so I got my medication I need to call the pharmacy to see what type of medicine they're sending over there because I need to check it Make sure it's capsules one because I'm not gonna spend another $80.  It matches your lipstick your lips. I said, I know sis. I Think this doctor forgot my birth control like I need for her to give me birth control. Where's my birth control pills Or am I picking up my birth control pills? Yeah, I don't even yeah. See how y'all don't even know Yeah, anyway, y'all hear the train. You can hear the train way over here So yeah, so that's what we're gonna do and then we're gonna go out to eat on Saturday and be lit at 8 Child Yeah, when I tell you I've been stressed out today is Wednesday. Yeah, it's hot day.  I'm behind on work. I could cry This is the first time in a long time. I could cry because I'm so stressed out but instead of crying I'm drink. I'm a drink. I know that's bad. Are you You guys look y'all can see my full body now so you can see How I'm sitting there one six one six eight my goal. I got 25 20 basically 30 pounds. That's my goal 30 more pounds 30 more True true that true that I'll just Come on, let's get together champ. Okay, here you go. Here's another one And then purging the syrup don't try eating the sponge or you're probably going to contract some deadly disease They contract some like Deadly stomach bug or Jamie and then Sweating When I was my husband couldn't sleep and then it was raining. Look, I don't care how you are you need to get it together Stop getting an attitude girl. This pre-teen is not for me Is it traffic that way ain't nobody out here at 7 o'clock? Hmm. I'll let you have the whole lane Think about it. He thinks it's where we all have people to warm up, but you never know Well, this is good way better than what's over there. All right, baby. Let's go. I'm returning this That's how much this cost $40 It's cute y'all I love rose gold.  I got a beauty that's shiny Do you want to try a little bit? What what are the comments? I'm not You want to try a little bit? Got everything that you need it?  Look at my skin. This is horrible Anyway, y'all we have a baby for the week It's my great news Say she milk drunk Hi, Sia Can you say hi? She's gonna miss Rachel You looking at miss Rachel?  She's a little over a year old.  Open it up Can you open it? Open it up sweetheart. You think she can open it? Is it shy proof? I don't know anything about this stuff. I mean I give it to you Y'all we all got these big deep-set eyes JB got those eyes too. My niece has the same deep-set eyes Sia, I love that


If you're believing for a loved one to come to Christ, I want to agree with you right now in faith. Father, in the name of Jesus, I lift that loved one to you now. And I ask that the Holy Spirit's convicting power would cause them to turn to Christ. Father, I pray you would place people in their lives that would help direct them to the right path. Precious Holy Spirit, draw them to Jesus as only you can. In the mighty name of Jesus, we pray. And I want you to say it because you believe. Say, Amen. Let's all agree and pray together for your unsaved loved one. Type their first name in the comment section now.


Hi, we're here to talk about ecosystem styling for tables of all kinds. Dealing with tables in the ecosystem is pretty straightforward thanks to content templates, which we'll get to in a second. Templates for these tables are so great because they provide an easy way for you to build tables that are automatically accessible and responsive. So let me enter the edit mode to show you that if you choose the content templates button here from the Drupal toolbar, click on it, you'll see the list of available table styles. The red up here near the top. Checklist table, data table, left column header only, data table, top row and left column headers, data table, top row, header only. That might seem like a lot of variation on the basic table format, but there are reasons for this. One reason is flexibility. You might, for ease of communication, want to display data in a particular format. So we've offered some options. Also we have a couple of different table types that require semantic naming because we want all tables of some particular types to look the same way in all courses that use the same style sheet. That's because we want to be able to make one change to the style sheet and have it affect all the pages in every course that corresponds to that style sheet. So if we want to change all the checklist tables throughout the entire ESP program to look the same way, we can do so easily and efficiently by changing the style sheet once instead of changing each table in each course individually. Alright, so let's get down to it. I'll go back to the view mode and show you some examples of the four table styles that we saw in the content templates list. So here's the checklist table. This is the kind of table you might see at the start of a lesson and it provides students with a list of activities for that lesson and some directions for those activities. The header is at the top and the rows are highlighted as you scroll over them. This is one of those tables that we might want to have look a particular way for every course in a particular program. Other three table choices you'll find in the content templates list are all data tables. You can choose which style fits your particular needs and you might use any or all three of these styles in any given course. The top row header only table is a data table with a header at the top. Like the checklist table, it also has the feature that shows highlighting when you hover over the rows but in addition it always displays this zebra striping. Top row and left column header table is another style of data table with headers here and here as is the left column header only table. This is different formats to give you lots of options. Before we move on, I want to show you that there's a fourth table we haven't mentioned. That's the schedule table and it's for use only in the syllabus of your course. So it's not a choice within that templates list that we looked at. As you can see, this table lays out a whole course schedule in a comprehensive format. So work with your learning designer to effectively utilize this table in your own syllabus. The last thing we're going to do is add a data table so you can see how this works. I'm going to go into the edit mode. Then I'm going to come down into the edit window here and put my cursor where I would like to add a table. I'm going to add one here, top row header only. So I put my cursor right there, click the content templates button, pick the data table top row header only choice, and see how that quickly popped up. There's a little template there. Now this little table can be expanded or decreased on the fly. I can click here and right click anywhere here and add a column before or after the column that I'm in or a row before or after the row that I'm in. I'm actually going to delete this column so that I have two and make this into a table real quickly. So I'll add heading, tab over and add another heading, and then add some data. Now I'm going to add a couple of rows. So right click, choose row, insert row after. I'm going to do it again. Row, insert row after. Add some more data. Use my arrow keys on my keyboard. Add natural gas, add 16%, and quickly I'll give it a caption. Table 4.1, sources of methane by process. That'll do it. So here's a little table all done pretty quick and easy. I just need to save it at the bottom of the page and you'll see it'll show up. There it is, sources of methane by process. So that's it. It's pretty easy. If you need assistance with anything you've seen here, let us know. And thank you.


The following is a presentation of TFNN. Trade what you see with Larry Pesavento. Call now toll free at 1-877-927-6648 or internationally at<PHONE_NUMBER>. Now Larry Pesavento. Okay, looking good. Billy Ray feeling good, Louis. We're going to do things a little bit differently here for this part of the show. And I've put a chart up of July soybeans, folks. This is pretty much up to date. As you can see here, we are forming a beautiful garlic pattern down here. The 78% level down about another 25 or 30 cents. Folks, this was a life changing pattern for me. I mentioned it many times, but since this is my show and I think it's important, I'm going to mention it again. After I'd lost all my money, I had to lose all my money. I started with $30,000. I ran it up to $1.2 million over a period of about four years. And I spent a lot of money on the way out, folks. I mean, I really did. I had a couple of annuities, insurance policies, put education away. So I still had a lot of... I had assets. I just didn't have a lot of trading capital because I figured out a way to lose that just by adding the losers on the way down. But after I'd lost it, went debit, then I had to study and I got the book. I had the book since 1970, the Gartley book that Don Mack had given me. But he always said, look at pages 200 to 250. And so I studied those pages and saw those patterns. I didn't know... I knew a tiny bit about Fibonacci that John Hill had told me back in. Hold on, folks, just a second here. Something is beeping and I want to make sure it's what I think it is. Hold on, just a second here. Oh, stop the music just a second. Larry, just a second. Okay, hold on. Okay, there we got that covered. Okay, anyway, I knew that this pattern on page 222 of Gartley's book was really good. Okay? So I figured I went back and I started to look at just the ABCD part of it. I knew a little bit of Fibonacci, but not enough to... Remember, prectored didn't come out till 77, so this was long before that. John Hill talked to me about Fibonacci in 1970 and I knew 618. But that's all I knew. I didn't know 382. I didn't know 1618. I didn't know 786. I didn't know 127. You know, I was an ABCD. That's all I did. But I saw that pattern and my two of my mentors, which was Dave Nelson and Oscar McClure, professional soybean traders, said you want to buy July soybean oil and sell December soybean oil. And you can put the trade on for $150. That's all the margin was. And so I started putting those on and I put them on. And remember, interest rates at that time were starting to rise. And so carrying charges were starting to increase. So if you put that spread on early, you got the value because it would raise just because of the price of the interest rates. So I put them on at 150 all the way out to about $300 over a period of about four or five months based on this type of pattern that was right here. And I stayed with those for all the way through. I started doing it in January and all the way through March. After March, they started to move up a little bit. And then it was then from there they went 18 times is where it went from from what you put in other words, if you put up 150 bucks, you made 18 times your money. And that only took six months because we got out of everything in June of 1976. And then in August of 1976, I went to work for Drexel Burnham. And based on that particular pattern, because I had told so many people to do it that opened accounts at Conti Commodity. They had there was over 1200 contracts of the July December soybean oil. Now I didn't I was not this was remember folks, this was before the CFTC. Okay, this was before the NFA. And you could do you could put as many position on they didn't have limits on positions until 75. So I had late 75. So I had these positions on but I was not in control of them. Each one of them I just told them to buy it put it on and I'll tell you when to sell it. I didn't have any control. But then they started to go up and up and up and they got it. We got out right on the high day just got lucky on that one. But this is the type of situation that we have going right now in this particular pattern folks. So I'm going to be taught if you belong to the 24 seven I'd like for you to join but I'm going to spend a lot of time with this. I'm also asking Rich Anderson and John Jamison to help me with some spread opportunities because you can put a spread on the margin on beans is like $2,800.  You can put it on for 25% and still limit your risk to 25%. And if you're only risking 10 cents I mean that's that's almost nothing. So that's what I'm preparing to do as we go through this. And this is the time of the year too because this is the growing season. There about 50% planted in corn and about 60% planted in beans and that stuff is not going to be ready to the fall in all these years that I've been trading. There's never been a year that we didn't have one or two you know what we call weather scares as we go through. But if you're also interested in corn which is our largest crop that we have. Let's get this up and show you right here. This is the December corn which is new crop. July is the old crop. You can see here this is where we are right there is that number that we want to be buying at which is 492. Now at that point you're going to be a farmer because you've got a perfect ABCD coming in at a 61% retracement. But instead of having to put a half a million dollars in the capital and having a tractor and leasing the land and buying fertilizer and seed and worrying about the crops all you got to do is to put a stop in. You could buy it. You'll be a farmer at 492 and you won't be a farmer at 482. So you're going to risk $500 not 500,000. That's about what it costs to run a farm. So you're going to risk a 500 bucks. And that's what the beauty of these futures markets is it allows you to become a farmer for a short period of time. Maybe it's 10 minutes. It might be three months. It might be a year. You don't know but at least you can get in and out. Whatever you want and that's the real key to what we're looking at. Now we had a big rally in corn yesterday and everybody said oh wow this is it. It's already on its way. Well I sent out a video to last night saying folks hold your horses. This is all that happened yesterday. And it was basically an oversold market. You can see there was the gap down and what did it do? It rallied right up to the 78% level. And now you can see you have a perfect A, B, C, D coming down here at around 493. That's less than 10 cents from where we are right now boys and girls. If you can't buy corn here at 493 find another radio show to listen to because this is a perfect pattern. It's perfect on the 15 minute. It's perfect on the daily. It's perfect on the weekly. The risk is there. The time of the year is right. The seasonality is right. The price is right. The risk is right. Everything is right. Does that mean it's going to work? Heck no.  And so that's why we're watching these things unfold like we are. But this is a perfect three drive to a bottom pattern should we get there. And we're getting close each night. I do the video. We will be looking at the beans. We'll be looking at the corn. We'll be looking at the soybean oil. Those are the ones that wheat is a little different because it's had some big moves 60 cents up 60 cents down. But it does not have at least not now it doesn't. It did when it had the ABCD down at 603. But now after rallying up to 670 the pattern is different. The risk is different. So we want a pattern that lines up exactly with what we think is going to happen both on the shorter term time frame. And this would answer Mike's question that called in from Niagara Falls is that this is nothing more than a 15 minute chart. I could do a two minute chart. It would look much different than this one. Tonsies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe. Which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60 minute webinar archive. He just hosted forex strategies and fundamentals. What is behind the Tiger Forex report? For all the details and to start your 30 day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. They have hosted 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's Den. 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's Den, you can look over the shoulders of Tom O'Brien 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 Tiger's 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. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com. Educating investors free at 1-877-927-6648 internationally at<PHONE_NUMBER>. Okay, we're back folks. And I posted the chart of the largest bank in the United States, Bank of America. I know there's a lot of folks out here. Are you calling me? Can you hear me? Yes, I can hear you. Well, what's wrong? Something's wrong. Oh, I think we've lost internet. Oh, let me check. Hold on just a minute. Yep, I still got internet. Oh, okay. Billy Ray is in the house. Sorry, boys and girls. This is the Bank of America chart. If you can find something bullish about this, folks, please let me know. Look at this. Last rally we had was a 3-8-2 rally. And it's not rallying at all. There's no nobody really wants to own this stock. I know it's got lots of problems. And you can see the problems. Just go back a year. And this has got, and whether it's going to be serious enough to call, now we're not bank, well, time out, time out. Bank of America is not going to go out of business, boys and girls. At least I don't think so. All I'm trying to show you is that investors are being very reluctant to buy Bank of America. This is a company that's in the news all the time. Brian Monaghand, a very personable young man, is out there. And, you know, they have a lot of deposits and a lot of people, and they have a lot of insurance behind it. The thing you got to ask yourself is, why isn't the stock rallying? That's my point here. And so just keep in mind, if you're going to buy something, you buy something that looks a little bit, you know, better than Bank of America as far as a stock. That's all I'm trying to try and to review. Now, I want to go over the gold market one more time, because it's very important. We're in an area where we're getting ready to think at least a major bottom is happening. And we did it on the earlier show, and I want to do it again here. Here is the four-hour chart that we've been looking at for quite some time. There was your high up here, 2084. You broke 100 bucks. You rallied back to the 61% retracement of this high, 78% of this high. And then the real key was here just a few days ago when we made the 382 retracement. And we stayed there for two days, folks, at 2030, and now we've broken $40 today. And it looks like we're heading down. Did you see this little red box? That little red box is the important one. That comes in at 1977. So you want to be a buyer of gold there. If you believe in ABCD, you're going to have an A, B, C, D forming. And this is going to be over a 15-day period. And then you're going to have another one right here, A, B, C, D. So 1974 is what you want to be looking at in the gold market. However, we have to put a caveat in here, because if you look at the long-term chart, going back to November, you're going to see that there is a possibility that we could make a 382 of that move, and that would take you here to 1905. But before it gets there, it's going to have some pretty strong support at 1977 to 1974, I would assume.  And you don't want to do that. Just put your stop in and pay your dues, and then you're going to be just fine. Okay, so let's remember that. Very, very important. Also, on a short-term note, I wanted to show you what happens during the day when you have these real strong cascading markets that we call them Tom Hougard markets, where you can see the 135 here. There's a four-minute chart on gold. There's your first 382 retracement. There's your second 382 retracement. There's your third 382 retracement, and it still has not had one since that time. This has been a pretty big drop from 2015. We dropped $23 today. That takes us to 93. Another $20, folks, and guess where we're going to be? We're going to be at 20, excuse me, 1973, 1974. So pay attention. If you get your video tonight, we're going to go over that and show where we think we're going to be here, and that's what we're trying to do is to find a good place to be a buyer of gold. Whether this will be a major bottom, one does not know, but all we know is that there's still that outstanding possibility of 1905 in the gold. That's why it's so very important. Another stock that we've been watching today that was in the news every minute because of Michael Burry of the Great Short was talking about it, and that is the stock of NVIDIA. It almost made the exact 1.618 expansion up here a little while ago, folks. I updated this an hour, it made me two hours ago, but this was the opening this morning, and that's when the NASDAQ exploded. It had been down on the day, and it went all the way up to this level right here. Now remember, this is just one of the stocks in the NASDAQ, and there's only about 20 of them or less that control the whole hundred, so that's why it's very, very important. I've shown this before, but I've got to show it again. By the way, Jeff Eudes will be our guest here for the second half to go through those wonderful charts that he gave us before, but take a look at this, folks. This is absolutely a mind-boggling statistic, in my opinion. Here it is. It comes from the Internet, and I had somebody check it, but by golly, the price of Apple at 172 is worth more than all the stocks in the Russell 2000. Can you? I mean, to me, that's a statistic that just absolutely blows me away. I'm not easily startled, but that one really startles me. The fact that it's just been that incredible. Everybody owns it. It's a great product. I own a Nano, but I don't own an Apple computer or an Apple Watch or anything like that, but by golly, I mean, this is really a statistic. In other words, every stock in the Russell doesn't add up to Apple.  Oh, my gosh. To me, that is just a totally mind-boggling one. I'm going to end the show here with the Hawks, because this is one that we've been following. Don't trade Hawks very much, but I want to show you the pattern, because it's that same little three-drive that we look at. And as you can see, we came down and made the 127, and we've had a pretty good rally in here. Now, I'm assuming what's going to happen is I'm going to come down and match this high up here and then make one further bottom down in here. That's what my assumption is going to be here, because I'm just looking at the seasonality that the usually Hawks will bottom sometime in late spring, i.e. June or early July. So I'm going to see what this rally is, and then we'll see where it is. Look at this beautiful retracement here. Right on the money, 618. Come up here, 618. ABCD to the downside. That's what you're looking for. ABCD is where you want to be. So make sure you keep those in mind as you look at those patterns unfold every day. If you have any questions, folks, it's<PHONE_NUMBER>. And stay tuned for Jeff Hughes of Alpha Insights. Always great information. We'll be right back. It continues to hold the most effective safe haven in 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. For free! 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Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today and try all of our products and newsletters 30 days risk-free with our Money Back Guarantee at TFNN.com TFNN Educating Investors Jeff Hughes of Alpha Insights. Jeff, nice to have you back. It's great to be here, Larry. I'm really glad you're back for a second section because I love to see these types of charts that you have showing resistance, support and distribution and stuff because these are things that I don't do. You know, I'm basically an ABCD. I'm a one-trick pony. It's a good pony. It's not secretariat and it's not man-of-war, but it's a good pony. Anyway, tell us on this first one here about the key resistance levels that we're seeing here on some of these things. Yeah, as you know, NASDAQ 100 has been the leadership within this market. All the other indexes have really been kind of, you know, also rands, if you will. I think what investors need to be cognizant of is how narrow this market is. We're talking about the way in the bottom frame here that only about 38% of NASDAQ stocks are even trading above their 50-day moving average. That number's closer to 30% if we're talking about the 200-day moving average. And the problem I see right now is that the NASDAQ 100 is rallying right into a key resistance zone, which is kind of the confluence of three points. The 100-week simple moving average and the 50% retracement, which, as you know, is a very key reference point.  But I think when you combine it with these other two key resistance points, it becomes even more important. And I think this narrow leadership is about to fail. And I think those who have been successful at this point, and I think the answer to that question is to take some profit. Well, I hope they pay attention. This next one is one of my favorites. They're all my favorites, but this is my second favorite, actually my first favorite, the second one's coming up. But I never see these, Jeff. So you're the only one that hold on. This is the second I got to get this separate. There it is. This is your broad market confirmation. It's a broad market. It's a broad market. You ought to pay attention to this because it shows you that there's only a few stocks that are doing good. So fire away, my friend. Yeah. Yeah. Yeah. So you said broad market. It's a broad market non confirmation that in fact you use the term distribution earlier. And I think that sums it up perfectly. What you can see when you look at the Wilshire 5000, the Dow Jones composite, which includes the Dow industrials, transportation and utilities is what I would describe as distribution. You've been seeing that that lower high put in place, which is, you know, basically characteristic of distribution, even as the NASDAQ index, the NASDAQ 100 has made this new recovery high today and it's been unconfirmed by obviously the Dow which are both down sharply today. But, you know, all broad market just is not confirming that and that is a bearish precondition to the market moving lower. And I think that it is giving people a signal right now and right here that we're at a decision point that decision point is probably indicative of a trend reversal to the downside. I have a question from a listener here in Arizona, in Tucson, Arizona. He's raising his hand right now and that is of the NASDAQ stocks. I know there's Apple and Nvidia and Microsoft and Meta. What are the other six or seven that are really big ones, Jeff? Do you know offhand? Yeah, I do. So there's something called the New York FANG index and that is made up of yeah, that's made up of Apple, Microsoft, Google, Amazon, Tesla, Meta, which used to be Facebook, Nvidia also advanced micro devices, Snowflake and Netflix. So those are the 10 constituents of that FANG index and those are I think collectively the 10 or at least 10 of the top 15 largest stocks in the NASDAQ 100. In fact the top 7 of those names represent over 51% of the NASDAQ 100 market cap. Wow, awesome. That's just great information to have. Okay, we've got another one coming up here. Just bear with me here one second and this is the one you explained to me before that makes great sense and there's another one that is absolutely scary to me and this is your New High, 52 week highs to 52 week lows. That's a little scary to me. Well, you know, here's the thing if we're in a new bull market it should be attended by more new highs than new lows and what we're looking at the black line represents the spread, the difference between new highs minus new lows and if we take that every single day and we say the number of new highs minus the number of new lows and then add them all together to get a cumulative number it should be going up right but in fact we made a new 52 week low yesterday in terms of net new highs and my sense is that this is completely inconsistent with the notion that we're in a new developing bull market. I think what we've seen is nothing more than a counter trend advance that is in the peaking stages whether it peaks today tomorrow or next week is irrelevant. It is near its end and when it ends it will end badly and we should expect a sharp decline from the major averages. Okay and the next one we're going to look at is the skew index and you know I Jeff I've been doing this business 62 years and I this is the first time I've ever heard of a skew index I mean that shows you how isolated I am here in the desert. I've never even seen it on I've never I've never I never really have in fact I was saying to I said to Rich Annis this morning what should I say he says tell him the truth he says you only do one thing well and that's all you need to do so please explain to me what this is. Yeah I'll try to stay out of the deep grass in this one I think I got a little bit too far in the weeds last time but you know at the end of the day there's two ways to kind of look at volatility there's the VIX which is in the lower panel and then there's the skew index in the upper panel and the VIX tends to kind of look at implied volatility as a whole right and what the skew does is it looks at the slope of the curve of implied volatility and what you really need to know is that when the skew index is going up that means that implied volatility is got a steeper slope to it and and so what at the end of the day what you really want to understand is that you know when this thing starts closer toward the 145 to 150 area you've got about a 15% probability of getting a fat tail event in other words a you know it's measuring tail risk so the higher it goes the greater the probability of getting a left tail sort of event and that means a two standard deviation or greater decline in market volatility or I should say decline in performance of the S&P 500 driven by market volatility but what's really interesting is you can get a high skew with the VIX being either low or high but when the VIX is very compressed the way it is relative to its past year's history and the skew index is very high relative to its history then that tends to indicate that the probability of a black swan event is very very elevated wow you know what they call a group of black swans don't you it's called a bank that's a real name that's what it's called it's not called a herd it's a bank it will be right back with Jeff Hughes about the insights 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 in 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 8.30am to 4pm 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 8 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 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 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be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ folks with Jeff Hughes of alpha insights is very very set up on the Elliott wave so please continue my friend yeah absolutely Larry so you know as you know we we use Elliott wave it's kind of our primary model for analyzing the market and you know we call the market the S&P 500 we spend most of our time trying to look at this index because that's everybody's benchmark your professional money manager well you know what we saw after the decline into the June low last year is a rally into August 16th high and that counted by our model as primary wave two of a five wave decline now the first of decline for primary wave three came in October October 13th marked the low of that and we call that intermediate wave one down the countertrend advance that followed top on February second and we have yet to take that level out that was intermediate wave two of primary wave three down since that time we've seen another down up five waves down into the March 13th low mark the end of minor wave one down and then we got a three wave countertrend advance into the May first high which fell short of the February 2nd high that counts as minor wave two and since that time we've seen a very small degree five wave move to the downside that's minute wave one down and a rally into the May 10th high that was minute wave two as long as we hold below that February 2nd high this count is good and if we break below 4039 it will confirm the count and set us up for a third wave decline at four degrees of trend basically I have not seen a setup this bearish since honestly I think 2007-2008 timeframe right before the great financial crisis kicked in and I'm not suggesting that that's the end result here but I am suggesting that we are going to lower lows we should take out the October 13th low with this next decline and honestly by our work we would not be surprised to see a third wave decline carry prices down into the mid 2000s on the S&P 500 in fact we spoke with our friend Doug Ramsey at the Luthold group a couple days back and he said by work fair value on the S&P 500 is about 2900 so if we got down into kind of this 2750 which is our minimum expectation for this decline it would be right in line with the S&P's fair value and so we don't think that there's too much you know to question about that okay Jeff I've changed a little bit here I put your information on your website www jwh investments yeah jwhinvestment.com gwhinvestment.com yeah that's how you find our website exactly okay and you're on Twitter we are on Twitter at alpha underscore insights and then we also publish a newsletter that's available on substack at hugeinsights.substack.com okay what is substack I'd never heard of that before I didn't know what that what that is what is that well it's basically a newsletter publication site so a lot of financial authors and you know various authors publish their work on substack it's a great distribution platform wow that's pretty cool I posted the part about your monthly newsletter Jeff tell the folks how have you done the first five months four months of the year are you holding your own what has been your results well we are holding our own you know I'll say through the end of the first quarter about three four percent for our our trading account right which was good because there just weren't a lot of break out we're breakout traders so we didn't see a lot of breakouts to trade unfortunately but as of yesterday's close we're up about five percent year to date so we're beating the S&P 500 slightly and we're beating the S&P or the broad market we'll share five thousand by about five hundred basis points the wheel share is not positive for the year so okay that's really good well listen we're going to have you on again soon but please keep these charts coming because I certainly enjoy them and I know the folks here at TFNN do because I get a lot of feedback that gee we didn't realize there were these kinds of charts available I know there's thousands of them but you seem to pick the ones that really get to the heart of what the market's doing so that my hats off to you on that one my friend you do a great job well thank you you know if you like those some types of charts you can find about twenty five to thirty of them in my monthly newsletter every month the next issue is going to be published on June 3rd. Wow very good well listen thanks for joining us and I hope the folks follow through and get that newsletter we're twelve dollars a month that's the cost of french fries and a drink over in switzerland out of McDonald's you can't even get a Big Mac for that anymore Big Mac is eighteen dollars oh my goodness hey listen thanks for joining us Jeff we really do appreciate it you're welcome great to be here Larry have a great wine okay okay folks we'll be back here I want to remind ourselves here that we want to be watching the the corn especially this July corn I'm going to post it again let's try it again Larry the December corn which is the new crop I think this is may not work but boy this is everything that you you could ask for all the things are set up to get to four ninety three and be a buy there four ninety three with a stop at four eighty two but there's got to be a lot of work to do tonight to figure out you know the you got to go down to the fifteen minute chart you've got to go to the four hour chart to make sure you're not missing anything but on this daily this happens weekly chart you can see that there's a giant seven eight six there and if you go down to the different charts like the four hour and then the one hour and then the fifteen minute you'll see that they all have a big big flashing green light there at four ninety three per bushel remember corn was just seven dollars a bushel last year there was eight fifty a bushel a few years ago so corn at five dollars a bushel is by any stretching imagination a buy and folks were only one season away from a famine and I've never gone through a year of trading where we don't have at least one two or three crop scares or some things like Ukraine or whatever there's always something out there that'll make the markets move so this is the time you want to be buying there's a strong season on that so sign up for the twenty four seven newsletter and you'll get those each day I do video as we approach these levels to be watching where they should be going and that's what we're looking at as we start to see these things unfold I hope that gives you some idea of the type of work that we do here now I do a lot of short-term work because that's where you can you can take your risk down to a minute level and that's that's really what you're what you're trying to do each day it's new that remember we've gone through the gold we've got we talked about silver you know silver's broken below that magical twenty three ninety one level that means it's going to go lower we have to do work on that tonight also so all these things will be lining up here pretty soon we got a break coming up I believe and when we get back we will talk just a tiny bit about the stock market and then we'll move on to the next one 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 the 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 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 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 the Tiger Zen available to all Tigers and Tigresses for just one dollar for the year there's no cash or added costs when you join our community of traders sign up today and become a part of this international community of traders just visit the front page of TFNN.com catch Tom O'Brien professional trader and educator founder of TFNN also a special guest on CNBC Tom will bisect and dissect the markets the Tom O'Brien show next on TFNN okay we're back folks and I wanted to put the chart up here of silver because it illustrates a very important point here is that when these patterns break through these ratios that's very important as you'll notice that we hit the exact 382 retracement here on Friday we rallied 40 cents we matched that low yesterday and today you can see we broke through it significantly and that tells us we're heading down to a much lower level this had a chance but it could only rally 50 cents that's why if we were fortunate enough to make some of that that'd be great but the worst thing would have been a break-even trade because we said if it gets back to that level again it is no good especially after a rally many times what happens is the market just hits this 382 and just continues to go down much like it did at this particular time here much like it did to this particular time here but when it hits it and stays there for two days it's telling you your own support coming in this time the support did not last mainly because gold and platinum were certainly heading to the downside quite a bit and we've already reviewed platinum several times but let's just get it up here you'll be able to see platinum here on the long-term weekly made a major high just when the gold was hitting the 2080 level that was here several weeks ago and as you can see it went right up to the 61% retracement of the high that we made way back here which was the large A, B, there's a 3A2 that worked perfectly you see it didn't get below that level and then it goes up makes the A, B, C, D in perfect format A, B, C, D and that's where we are now we're coming off so we're going to be looking for a correction down here about another $150 in platinum which would be lining up which possibly another $70 in the gold so live every day in an attitude of gratitude and may God bless