August 12th Trade What You See with Larry Pesavento on TFNN - 2026

Because when you know better, you invest better. Join us and experience the difference today. TFN, educating investors. The following is a presentation of TFN. Trade what you see with Larry Pesventto. Call now toll-free at 1877-927-6648 or internationally at 727-8737618. Now, Larry Pesimento. Okay, folks. This is a picture of the Dow Jones 4hour chart going back after the high we made back here on the 5th of August. And of course today we have the big astral stuff that's been going on. Yesterday uh we went excuse me on the yeah the 11th we went and made an ABCD A B CD right there. This is right out of Gardley's book. This is his 222 pattern. I named it 222 because uh the uh two full pages of that book 500 and some pages. It took him two pages to describe that what he thought was the best way to trade. In other words, don't try to pick a top like Larry Pimeno does. It's actually mentioned in that book. Of course, it was written for 7 years before I was born. Anyway, anyway, this is the we look for an ABCD against the trend. And he said that'll be the thing to look for. And that's what we do. This is what that 222 is all about. Okay. Now, you can see we've been sitting in this range here today of about 100 about 200 points up and down. And uh the key is there's your 382. If we go below this level right here, this is going to signal. It's the first time we've broken a 382 uh in a very long time. This would set up the potential of this being an ABCD pattern down into right there. That would take you down to 3330. So, the key level here is well, we know it's 3,800. There's the there's the main level. The low today was uh 383023. And from that level, you can see we were able to rally back a little bit. There was a low in here this morning and there you can see it automatically popped up with a you can see we're looking at a 382 right now uh on the Dow Jones and there's a smaller ABCD pattern that's also there. That's very short term. Okay, folks. All right, let's move on. Okay, let's let's talk about the gold market here, folks. Here's our gold for today. Now, if you remember on the daily charts, let's just go back here on the daily charts. We were looking at the big number up here. You see that little red line right there? That came in at 4510. The high today was 452. That was within $8 of the exact number. That was a 50% retracement off of that high right there as that's what that was. So, and we've had a pretty good run almost exactly like this one. And now we're starting to move lower. As we look at this on a smaller time scale, you'll see it had a little three drive to a top pattern right here. See that three drive to a top pattern? Then you came back this and that and this and that. And then finally it started to roll over. Now when it started to roll over, you started to see there's your first case of lower bottoms. Okay? And what does it do? It rallies up. There's your high right here. If you would to mark that off, put it right there. You'd see your 382 would have come in right here at uh 86. And here's where it is now heading lower. As we were watching it with the AI today because I had nothing else to do because there was nothing going on in the grain markets. Uh that's tongue and cheek, folks. And you can see it's starting to move down a little bit. But this could be the major top in gold for quite some time now. Let's stop and think a little bit. Okay, now we've got a a higher high in gold. We got a higher high in the DAX. We had a higher high in the New York Stock Exchange index. We had a higher high in silver, a recovery high and a whole bunch of other stuff recovery highs. And maybe this is a big cycle that uh that the stars are trying to talk to us about that. I don't know. Uh just it just seems very unusual that we're looking at stuff like this. All right, here's the NASDAQ. As we look at the NASDAQ here this morning, it's also held up relatively well. It took out the previous day's high, which is a good thing. You can see it took out the previous day's high, then it sold off a little bit. It's now banking off. Here was the the ABCD here yesterday. So, today's action, boom, straight up. Now, let's look at this real closely. Okay, folks. We'll just put the 8 minute up and see if we can find anything that would have told us that this thing was really ready to roar. Well, here's the opening right here. There is the opening. Now, what do you think that is off of that spot right there? Let's just take a little gamble and think it may be 382. We'll just mark it off and see if it is. Well, shut the front door and raise a rant. There's your low of the day right there, right after the open. There's the boom up and there's where we've been going ever since. pay attention to these folks because when they don't work all the time, but when they do work, like anything else, they're a lot of fun to do. Okay, we got I'm going to spend a little bit of time on the grains because it's been unbelievable in the grain markets today. We want to look at the stop and pee over here also. Oh, we got to cover the bonds, too, because we uh there was your 382 retracement in the bonds last night. It gave it a pretty good runup uh right after the report. It didn't even it didn't even make an ABCD. All it did is you can see it made a uh 78% retracement of this move right here. Right there. Just spot on. Okay. And it was probably exactly 61 off of the the whole move down. There they are. There was your reason why you had so much resistance up in here. Now you've come down. But remember now we've had a pretty big run up. So we want to watch for a 382 pullback. And I think we're right about there right now. There's your high. Hold on one second because it looks like bonds have got a chance to ch change. Uh we've come down a little below. Well, we went to the 50%. The diff the difference here is only six pips. So, it's not a big deal. So, it's still got a chance to move to the upside a little bit here uh in the bond market. All right. Now that we've covered the gold market, now let's talk about the wheat. Yesterday, we were doing this show and here's where we were. Let's get the hourly chart up cuz that's what we were basing this on. This is the report. Report came out here, folks. I I want to show it to you in just a second here. It's a Watts report about U. Okay, there's what we were looking at. Now, we knew that report was coming out. There was our number. We were buying it at 28. And uh I said, well, remember this was after the market closed. Okay, this was there's where it closed right here. Closed at 30. So, it closed in the direction that we thought it was going to go. But I said, look, we'll wait till the report. But we talked about it because look, the report wasn't for 4 hours. Look what happened during that time. Just straight up. It gave away $3,000 in wheat just because I wanted to wait. That was me just being just being conservative. That's all it was. And as you see here, this is the report came out. It got all the way up here after the report. Wait till you see soybeans. There's your low right here overnight. Where did the wheat go to? Exactly the 382. and it also would have made another $700. So, that's what we're watching. Now, I want to show you some volatility here, folks. So, bear with me. We've only got a few minutes, but we're going to cover it. I've got to get the uh soybeans up. Just one second. And we'll get Oh, that's not the one I want. I want this one right here. Here they are. Here's the soybeans on the 30 minute basis. Yes, folks. That's a true number up there. Let me get this up out of the way. I was watching this this morning. I said, you know, this is Look, look. Oh, shut the front door. Shut the front door. Let me get that out of the way. There we go. There's where we are. Okay, here's where we were. This is a 30-minut chart today from last night. You can see this was the action today. We had a beautiful It's going to be hard to draw this in because this is off the charts. The report was evidently construed as very bullish, but there was your ABCD pattern here in the right there. Okay, we'll be right back. Stay tuned. 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 TFN, you'll get advice and guidance from the authority in technical market analysis. And it's not just dry, tedious text, either. TFN airs live financial content streamed live on TFN.com and TFN's YouTube channel with Tiger TV live every day from 8:30 a.m. to 400 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. 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Try any of our great newsletters risk-free with our 30-day moneyback guarantee. Just visit the newsletters tab on the front page of tfn.com. TFN, educating investors. Okay folks, after the report came out, beans rallied 30 cents up to the 50% retracement of that high and almost exactly within 4 cents of the 382. And that takes a huge number up there, folks. Those are commercials that are just sitting there putting their orders in. So you can see that's a huge thing. It went boom boom real fast. A fact is if you looked at it on a 2-minute chart, you might not even see it. Just there it is. Look, there it is right there. So, it uh it's wild times. Hey, you know, we we made a decision yesterday. The decision that I made and and several people asked me about it, especially Oh, Tommy Terrific over there in Minnesota there with Rich Anderson. you know, he had he said I hadn't 10 hours to trade that thing or more because we had the rest of the day and it closed four the wheat it closed in his favor 4 cents and he ended up making you know 22 cents out of it and that's 22 cents I didn't make because I wanted to wait till after the report and after report there was a lot of stuff going on but I didn't take advantage of it just look at for well I don't want to go into all the reason you when you have to make a decision on something folks once you've made the decision move on you know God I make a lot of bad decisions You guys been with me for a long time know that. But the one decision that I don't make very badly is I don't sit there and watch them beat the hell out of me. Go short and stay there for six or seven days as the market goes straight up. No, no, no, no, no. You won't see that. Uh this is what uh you know, it's what keeps you alive in this business cuz you don't know which ones are right and which ones are wrong. Now, this is the the soybean move. You can see we had the move big move here on the daily chart. It doesn't look anything. It's really nothing. It's just more than a 382 retracement. That's all it is right there. You know, if you were really bearish means, you want you could have to shade it by a few points. Let me see that. Well, it's four cent 2 cents. You'd have to shade it by two cents to get filled. But if you did, you made 30 cents. Okay? So, don't you don't want to uh second guess yourself once you've once you've done something. Get out of dodge. You know, you don't have to worry about that after that. It's all already done. All right. Now, let's take a look here at the corn market because the corn market I saw was up quite a bit today, too. Get the daily up and see how we Yep. corn. And not only that, guess what? Corn is still up. So, that's telling that there's nothing wrong with this. Well, this is the daily. Oh, let's put up the uh hourly chart so we can see it. But it looks like it's straight up. And boy, it is. Look at that. This was a really bullish report. Here's right before the report. All right. And if you're trading corn and you're a corn trader, all right, you're looking at this. Here's to this morning right before the the report comes out. What do you think that was, boys and girls? We'll mark that there to there. And there it is. Uh 382 is right there. You buy it at 40. That's 750 simoleons without even taking any risk at all. That's a big move, folks. Big move. So that's what we're watching here so far today. The corn is moving very good. That means the grain markets are in in in uh demand. Part of this, folks, is caused because the uh the uh the fighting between Ukraine, the the Ukrainians and the Russians, the Ukrainians hit the ports in in Crimea, I guess, and that destroyed the way of getting the grain out of there, mostly wheat. And uh so that's why that's part of it. Mol grains go up because everybody needs it and they start to buy it. So anyway, that's what we're watching here. uh in the grain market. So that's primarily Let's get back to what really counts here, folks, which is going to be the stock market, cuz this is either I'm either going to be really right or slightly wrong. That's good. There's no way I'm going to Well, first of all, we got a big lead in the darn thing. But, uh, let's look at this where we stand right now. So, we can look at this. Get this out of the way. We'll worry about that tomorrow. Worry about bonds tomorrow. Don't have to worry about that. Let's get take a look at the YM because that's what everybody's watching. Okay, there's that YM that we're looking at right now, folks. That pattern that I showed you. Let's get that hourly pattern back up here on the That's is That's right out of Guardley's book. That's as bearish as get. Now, you see we've taken that out a little bit. We rallied up and down. Haven't taken out, but we're as soon as we start down. There's no reason for any of these people to think that there's anything wrong, folks. You made new highs. We're going to cover that. We're going to do that right now. Th This is what I'm looking at here. As soon as we start moving down, we should get down to this level. But let's go look around the world because these are world markets now. There's the 382 and the Philadelphia semiconductor index is an ABCD setting right there. Okay, as you can see, it's up 3.3% today. All right, we take a look at the DAX. You can see that, excuse me, this New York deposit index, it made a higher high. It's in the lower part of the range right now. If we look at the uh German DAX, which is uh right here, it made a slightly higher high and is now down on the day. And it's down quite a bit on the day. Actually, if you looked at this on the 1 hour, you well, you can't see it because the thing is not very expanded. Sorry about that. All right, get that back up to the dailies here so we can make sure what we're looking at here. This the Japanese market sitting exactly at the 61% retracement as we speak right now. There it is. That's a 61% retracement of the high right back in here. Uh also if we look at the we've already looked at the the uh the semiconductor index whereas uh there's Korea Cosby hasn't even made a 382 as of yet. So and the money just keeps pouring in to artificial intelligence folks like there is no uh tomorrow. the we are still looking lower in the cryptocurrencies too. So those are the ones that we're paying uh close attention to. Hold on, let me uh get back to the show. We have a a couple of questions on stocks that we've been watching. Remember yesterday we were selling IBM short. If you remember, we had that same pattern in IBM that we had in the Dow Jones that we're looking at right now. So we're going to take a look at IBM. I haven't looked at it, but let's see what it is. Let's see where we are. Okay. Well, there it is right there. There was a sell right there. There was Let's just get this up together. See what's happening here. There's where it is right there. And now you're down a couple 67 points. But that started the right way. There's the same pattern. A BCD 382. That's what he said to look for. You know, find a market that's uh, you know, making retracements. Lower tops, lower bottoms. There's ABCD right there. You can see it. Bada bing, bada boom. Does it work all the time? Nope. But it works some of the time. And that's the key to looking at it. There's a lot of tricks to it, folks. The only way you learn those tricks is to look at them and look at them yourself and teach yourself or have somebody like me try to teach you, but most people are just too dogone lazy to learn. All right, let's get up here and we want to cover. We have another one that we were watching, which was Apple. If you remember, we were short the Apple and we'll get this up here. Oh, I think Intel Intel's first trying to sell Intel. Uh, well, Intel was down. Okay. And now it's back up trying to get there. Now, looking at Intel, let's look at it cuz we we had them. We haven't hit that number yet. See, we've There's the ABCD, but the 382 is right here. It's actually doing pretty good today. Intel's acting pretty good. As a matter of fact, that low from there to there, this was probably exactly 382. There it was right there. And now you're getting close to this level again. So we keep that on the keep that on the burner. Okay. Uh we had uh what was the other one we had? Uh come on folks. Help me out here. All right. Uh Tesla Tesla Tesla. Let's see how Tesla's doing, you know. And what be folks just cuz this stuff is selling off in SpaceX and stuff. Don't worry about those guys. They got enough money to cover their uh losses here. We're still looking for a Tesla to get up into this area right here, which is right around $349. That's up about $13. We could easily do that. All right, we're going to take a little break and we'll be right back. We got to talk some more about the foreign currencies. If you spend any time online researching trading techniques on how to begin your trading journey, you've no doubt come across many folks who push Forex trading as a way to make big money quickly. Unfortunately, there are equally as many stories of these so-called Forex professionals just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the Forex market. This is what sets Teddy Kekstacks the Tiger Forex Report off the riff raff. 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They are not designed to track the underlying index or security for more than a day. Before investing, carefully consider a fund's investment objective, risks, charges, and expenses contained in the perspectus available at direction.com. Read carefully. ALPS distributors inc. Okay folks, as you can see here, this is the IBM uh question was has it reached the target? No. The answer to that is you want to see what the 382 is and also the last correction. So you just go over and measure the last correction and you put that down there and there it is the same. That's what your next correction would be. If short-term trading, that's what you'd be watching for. That'd be down here at 27. So if you sold it here at 39 to 27, that's a $12 gain. You're only risking $3. That's 4:1. So that's the kind you're waiting for. So that's your target right there. I hope that helps. There's what we're just looking at repetition, folks. I'm not trying to make anything up. I gave up that many years ago. That's what you're watching for with IBM. All right. Now, let's take a look at crude oil. Crude oil is still acting bullish, folks. I don't care what the news is going out there, but you can see yesterday the pullback was right at the 382. It's held there. We went up. We didn't do much, but we haven't damaged anything. We haven't broken that 382. It's still acting pretty good. It's been going up and up and up. So there's no reason to think there's anything any different. Okay. And that's just the 382 off of that one. The 382 off of the whole thing will be probably right there. Let's just double check that cuz that's probably where it'll be. Well, just below it. So, watch that one right here. See, there's going to be a lot of support here at 8050. And we're we're holding our own in this level right here. I haven't looked at action today. So, let me bring up the uh AI really quickly just to see if it's done anything. And for some reason it's not showing today. What is wrong? Oh, there it is. Okay. Well, it's definitely inverted. You can see it's instead of going up, it's been going down. So, I have to invert that. And just give me one second. What that does, folks. It's basically a vibration. That's what that's what all these markets are. And uh you'll see if you invert this. There was your low. Came in right about here. And now we're still heading to the higher part. We didn't even have an ABCD move to the downside. Oh, yes we did. Pretty close. Let's double check here. There's your AB right here. There's your CD right there. Oh, did we make it? Oh, got right on the money. Right on. Good old ABCD coming through again. There's another ABCD coming here. I mean, they're everywhere. You just got to find the ones. You can't go any lower than 2 minutes. Otherwise, you just can't trade these things because the you see these little tiny ones, you're going to go absolutely nuts. So stick with something like an eight minute chart. Let's just look at this. You'll see the 8 minute is much clearer. There's your 8 minute. There's your It shows you the ABCD really clear right there. Okay, there it is right there. And that's all you And that's probably exactly 61% off the low right back here. What do you think? Well, there it is right there. So can't beat that. Now all we're doing now is we're going sideways. This is not very bullish, folks, because we should have exploded out of this one, but we didn't. We slowed down and now we're seeing a little situation of lower top. So, that might be an indication that we might be getting ready to go to the downside in the crude oil. All right, now let's move over and get this out of the way. And we want to talk about the currencies. We're going to start out here with the dollar index, which we started from the beginning. That's where we want to be watching. That brings it right here. We met we had that real strong support that landed right there. And look at it now. If you see how it's starting to do what we thought it was going to do, that means that this is going up. The other side that we're looking at where basically when you're long the uh the uh dollar index, you're short the the euro. And that's the one we've been short. Okay. Along with the dollar index on the the Japanese, which we're going to cover in just a minute also. In fact, we're going to do that just about right now because it has been all over the map today. Just a second here. And you can see we we really had some big swings here in the uh Japanese yen here today. I really thought, oh gee whiz, this is going to be one that's going to go crazy. Well, this the 13. Let's do the hourly chart so we can see it all together. There was a big move and then we I had the pullback. It didn't even make a 382 here this morning, folks. So that told me, uh-oh, that's it. Now there's where I think we're going to go. And that's why our stop on this is at 106 1608. If we get there, we get above that, then that's where I'm going to say, uncle, and we will book a $4,000 profit and leave a nice uh $4,000 on the table. Instead of making eight, we'll make four. But uh there was the ABCD to the downside and green got to the best of me folks and I thought this was going to be the big one. It doesn't look like it's going to be at as of today, but it's got to get above here. Might give us another chance, but right now it's not doing what we thought it did. Big swings in here, folks. That's a lot for the currency. Okay, now let's get over to the euro and we'll look at that because that's the easy thing to trade. Get the euro up and that'll be coming in right about there. And we'll bring up the 60 minute. You can see where we are. There was the high yesterday and the day. There we go. We had a big move up. Remember we we were watching that very closely. That was that ABCD move right here. Okay, that's the one we were watching on the on this uh dollar index. There it was right up in here. And there was your high today. came right in at the 61% retracement and now we're starting to move lower. Just move that over like this. You'll see it just very clearly. There's your high. There's your 61% retracement. And now we're starting to move lower as we expected. So, in the long-term view of the Euro, let's get the weekly up for just a second here. We've held this for quite a while. You can see the rally back has been 50%. Okay, that's why we're still basically bearish. Now, it's hit this 382 1 2 3 4 5 6 weeks ago and held. So, it if it can back off and get above here, folks, you don't want to be short. But the fact that we stayed there for 6 weeks, and that's the same thing with the dollar index. The dollar index has moved up. But boy, if the dollar index fails below that number we were just looking at, that's not good. So that's why when those things happen, uh, they move the markets. They move everything because this is real money from all over the world, folks. That's this is what 60 50 53% of the dollar index is in the euro. So that's why you want to watch it. It's a great thing to trade. Look at it in day. Just take a 4 minute today if you want to give it. There is the 4-minute action today. And it's a lot because there's a report out. Okay, just bring it back to the previous day. Okay, there's what you're looking at this morning. The market takes off and goes up in here. All right. Now, if you believe in what we talk about, you have a big straight up move. Watch for the first 32 retracement. And there would there would have been well, it's 50%, but there it is right there. Your risk here was uh what 10 pips. And look at this. It's made a lot of money. And as you can see, as it goes down, it all it does is make 382 retracements all the rest of the day. There's your one right here. There should be another one right there. And it misses it by a tick. And then this one will probably get it right on the money. And it still goes down. You see it rallies 1 2 3 down. 1 2 3 4 down. Doesn't rally any more than three pips or three three uh 16 20 minutes and then back down again. It's in a very strong trending market. That's where it gets you moving in the right direction on some of these things. I hope that helps. I'm going to be sending out an invitation for Friday's uh live trading, folks. It'll be come out today. So, if you see something coming in the mail from me about uh the it won't be spam. Uh so, hopefully we got all that taken care of and we'll find out if it's going to work. But, you will get something today on our group that we're going to have on Friday, which is live trading from 9 until 12 on Friday. Many trading newsletters attempt to focus on a narrow set of equities or commodities. While this works for some, it often times misses many opportunities that possess huge gain potential. But how is an independent trader supposed to scan the entire market looking for these hidden opportunities? One simple answer, the opening call newsletter. Basil Chapman, developer of the Chapman wave trading methodology, has been trading the markets for longer than most trading influencers have been alive. And over that time, he has honed his methodology in order to accurately call movements in a wide range of equities from semiconductors to uranium to key indices and so much more. Basil is old school, taking the time to educate the trader while also giving his insights into key indices, selective stocks, and more. Opening call subscribers also receive access to dozens of educational live streams that can be accessed at any time for your edification. All firsttime subscribers receive a 30-day money back guarantee. So ignore the pop trading influencers and start learning time- tested technical analysis. >> In the world of trading, only a few names stand out like Larry Pesventto, a pros pro with over 50 years of experience. Larry has seen it all. A former Chicago Merkantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 247, Larry Pesventto's daily trading service that turns the complexity of markets into opportunities. Published every Sunday, receive a comprehensive report packed with detailed commentary, charts, and videos that illuminate the patterns shaping the markets with updates throughout the week exclusively for subscribers. Whether through charts or videos, Larry's Analysis is your roadmap to navigating the markets. You can sign up now at tfnn.com for just $97. And with all TFN newsletters backed by a 30-day money back guarantee, you have nothing to risk. For all the details, visit tfnn.com. 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ALPS distributors, Inc. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Okay, here's the British pound, folks. We've been bearish in this. We covered it here after 10 days down. We put it back here at the 78% level right here the other day. you know, our stock was above here, so you're back to break even on this. I know some of you short both the pound and the euro, which is well, cuz they're different. I guess it's okay. But you're not supposed to double up. In other words, if you have a position in one, you're basically going against the US dollar. But if you trade them separately, I guess it's okay. That'd be like being long wheat and long corn into a major report. You got to be really careful. They're different commodities and they have different uses, but uh you know, you have to be careful of the risk because you can see the swings that we had in those grains today is you know, basically off the charts and uh well, that's it. Let's get this out of the way here. So, we've covered that one. All right, we'll get back and we're talking about the stock market. Let's keep watching it because we've only got about few more minutes looking at it right here. So, here's the NASDAQ where we are here early today and you can see we're just bouncing around. Uh, not really not really running away, not going down either. So, there's your 382 this morning. We rallying up, came back down to the 61. Another ABCD. You can see there's the ABCD right here. The one that everybody's watching is this one, folks. They're watching the Dow Jones cuz you know the Dow Jones gets all the it gets you don't see this. You don't see the S&P all the Well, you do see it, but not like the Dow Jones. The Dow Jones is what everybody watches even though it's the wrong one to watch because it's only 30 stocks and those are the ones that are going uh you know going crazy, you know. So, that's a that's a real key thing to watch. In fact, I well, I don't know which one is the strongest today, but all the all the Dow's been doing after the early morning when it was up about 200, then it came down back to even, it's only been up 50 or 60 points all during this time here, folks, in the last hour, just looking at it on a short-term basis. You can see that's all it's done. It's come here and just done these little ABCDs of a period of about 50 60 points. It's when we get below here, see that little red line down here? then that's going to tell us, yep, this might be the one that does it. But early this morning, all that was was a 61% retracement of the previous high. That's all that was right there. So, that's that's that's what it's got fight through in order to make it look bullish. It might get up here, too, folks. I'm not saying that it can't because this is a big big big energy day. You can go on NASA's website and talk about it because they're saying this is the most powerful day of the year. when you hear him talk about that kind of stuff. Not very often. And we've made some new highs in some of these things like the DAX and the New York Stock Exchange index and probably a few others that I'm not even following. But that's it. The rest of them have been diverging to the downside cuz it's I believe a market that is definitely making a transition from uh overall bullish to everything to being just bullish on certain things and not the others. Okay, now we've covered that. Let me see what I had to do here. Got 15 minutes to go through here and I've got to remember what I had to say. Hold on just a sec. Oh, stocks. Hold on. There's three stocks that we need to watch. First of the big ones in the Dow Jones. Let's just look at them right now. Here's Goldman Sachs cuz this is a leader. It's got uh got all the money in the world. Let's get the daily up. Okay. So, we can see where we are daily wise. Okay. Now we've we're actually we were up higher uh today. Now we moved back a little bit. That's one of the reasons why the Dow might be backing off a little bit. See, we're higher earlier and now we're backing off. There was a three drive pattern back here on the 13th of July. There was an ABCD move right here and it is moving to the downside. The second largest in the group. This got as high as 1160, folks. Now it's at 10:30. Now let's look at Caterpillar. Okay. Hard to believe a construction business got involved with uh of the databases, but boy, they did and they did a good job. So, here's get the daily up. This was a I think it got to 900 if I'm not mistaken. Woo. Where you been, Larry? 30,080. Yeah. Holy cow. Yeah. Got to,80 and here we are right now. Well, we're having a rally today. But all that rally is is a basic little tiny 382. And these are this is the second largest stock in the Dow. Wow. And it's up. I wonder why the Dow is uh Boy, there must be a lot of stocks in the down in the Dow that are down from these two to not be helping at all. Let's look at this on the 8 minute just to see if that is a 382 just to be safe. That doesn't do it. Let's move it over. Here's what we want. There's what we want to see from the high back here. Put that in there. Yep, there it is. That's what today's high was was. Looks like they're both just about an exact 382. Hasn't really done much as of yet, but it's still up. You see, it's up quite a bit. So, that means if this is up 17 points, that means that some of these Dow stocks like IBM and some of these other really getting trashed. That's what it looks like. So, let's get this out of the way and this out of the way right here. Okay. Okay. Someone um asked a question. Where would I buy wheat again? All right, so let me let me get the This is the This is the NASDAQ. We'll get this out of the way here. And I do still have wheat here in the program. Oh, yeah. Here it is right here. All right. Now, we've had a big move in wheat. And here's where we are. Oh, look at this boy. That have to laugh to myself, you know. Here's where it was. and I said I didn't want to take the chance. And of course, right after the mark, here's where it closed. Then right after the market closed, it took off. And I knew that it was going to go somewhere once it went above the 382 of that move right there. Okay? And then, of course, it had the big move. But that was a decision that I make, folks. You know, I make some of these decisions are right, some of them are wrong. That's what trading is all about. That never bothers me. I'm a little I'm a little a little more right than I'm wrong. That's about all I'm looking at. But I have a pretty good idea of where some of these things are going. So the question was, where do I buy wheat? Again, okay, if I'm really bullish and we made a new high up in here, this is true of anything that you're looking at, folks. You look for the first 382 retracement. Okay? Now, the pullback here was almost exactly 382 right there. See? And if you'd been watching that, it's within a penny, folks, of the exact 382. So if you're bullish watching for 382, you could have bought it here at 47. It's now 54. That's $350 that you have in your pocket. So your risk would be very very small below that. Okay? That's how you know it doesn't make any difference what you're in. That's what you want to be watching. Watch that. That that number is uh where it all starts. If you don't believe yourself, folks, put the put your calendar out, your calculator out, and type in you have to have a square root function, but hit type 382 and then hit the square root button. Boom. Pops up 1.618 and hit the square root button again. Boom. 786. And then you wonder where the mathematics of the market come from. Right from there, starts with 382. And so that's where that's what these guys on Wall Street, that's why they hit these numbers. They know what they are. They hit them all the time. You know, that's the main thing. Okay, let's move on here uh to a couple other stocks that we had that the people have asked about. Oh, Tucson semicondu Taiwan semiconductor. Let me get that up here. It was in the news again. Here it is right here. See if it's doing pretty good. Now, folks, remember this is you can see what these things have done with all this money that's coming in there. And yet, these markets are down quite a bit from where they originally were. you know, I don't know. I ain't got nothing else to say. Oh, it's the end of the show. Thank good. 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 tfn.com. tfn educating investors. >> In the world of trading, only a few names stand out like Larry Pesventto, a pros pro with over 50 years of experience. Larry has seen it all. A former Chicago Merkantile Exchange member, Larry has authored 10 books and trained over 1,000 traders with his unmatched expertise. Introducing Fibonacci 24/7, Larry Pesinto's daily trading service that turns the complexity of markets into opportunities. published every Sunday. Receive a comprehensive report packed with detailed commentary, charts, and videos that illuminate the patterns shaping the markets with updates throughout the week exclusively for subscribers. 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This is the pattern that I'm watching here in the Dow. Everybody that's bought this over the last 6 days is now losing, folks. So, uh, if this should I don't know if it's going to happen or not, but if it should gap down below this, then that would be an island reversal. And boy, that is the most bearish pattern you can have. Uh, so we'll see if it's going to work or not. And we might go back up, make a new high. That's possible. We made a new high in the DAX today. I don't remember. We got to remember that cuz that's important. There it is. Right there. There's your DAX futures. You can see we're right in the lower end of the range right now. We made a new high in the uh New York Stock Exchange index. Also know the lower end of the range. So this may be the high. Of course, we know that the NASA has already said that this is the most important energy day of the year with that solar eclipse and all the planetaries. They listed all seven planets that were in the play. Norman gave it to us the other day, but the main one I watch is that Venus TR Uranus, which is the Fibonacci Panel planets. In other words, cenotic period is exactly 618 of a year. Okay, those are the main things. Also, we're watching for a potential top in this gold market, which is right up in here. You can see we just made a 50% retracement of that big move way back here. And then it's also it didn't even make a 38 50% off of that right there, but it did not make a 382, but that's the 50% level here. Came in at 44. Then December contract comes in at 45 4510. And that so far has been a high of 452. And so we're going to find out if these things work or not. Uh tomorrow we'll have another good fun day. I'm going to send out an invitation to join me for live trading on uh between 9 and 12. Do usually do four or five trades. Been doing them now for 6 years. We only had a few losing days during that time, but we do have a few losing days and we've had some pretty good winners. But you will get an invitation a little later today. And uh by anyway, live every day in an attitude of gratitude and may God bless. Steve.