Markets got you rattled? Calm down! Your trades don’t get any better when you get emotional (and they could get significantly worse!)
Our pros tell you how they’re handling this rollercoaster market — and why they believe that despite the headlines, a bottom is within sight.
And you might want to listen, because they called the current downtrend weeks ago… and they clearly see things turning around soon.
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►Click To View This Episode's Transcript◄1 00:00:00.570 --> 00:00:04.710 Celeste Lindman: Market okay is logging on as well, but hey just kind of wondering, you know what do you guys. 2 00:00:04.980 --> 00:00:15.030 Celeste Lindman: What do you think about this market, you know it's all beaten down, and you know kind of low psychology for all these traders, is that is there anything to really get excited about I don't know Tom, what do you think. 3 00:00:15.540 --> 00:00:17.490 Tom Busby: Well here's what I think I think that. 4 00:00:19.980 --> 00:00:28.650 Tom Busby: Everybody would like to see it go up you know and and it's not going up, and so it makes it pretty miserable to hope for things to happen. 5 00:00:29.160 --> 00:00:36.990 Tom Busby: Because you know, every day, they start off higher and then they get to about when you're up close and start selling the sucker. 6 00:00:37.500 --> 00:00:51.090 Tom Busby: And so you know Jeff and I were talking about this this morning it's a lot easier to pick stocks going down, it is picked stocks going up now that doesn't mean that hey mark hey that doesn't mean that things. 7 00:00:51.600 --> 00:01:02.820 Tom Busby: have to end up that way it just means that that right now is a very tough period of time for most people, and so I was asked this question and. 8 00:01:03.420 --> 00:01:11.790 Tom Busby: And, and I answered it, they said it was the most amazing thing i've done in the market in the last year and a half, and I said. 9 00:01:12.300 --> 00:01:20.280 Tom Busby: Well, I really am proud of his last year I don't know if y'all remember this or not, but I told everybody that went to market guide to 4500 in August. 10 00:01:20.730 --> 00:01:30.180 Tom Busby: If you're a long term player, not a trader, you are to circle, the wagons and i'm starting to get a lot of comments from people that listen to that because. 11 00:01:31.440 --> 00:01:42.540 Tom Busby: they're down like, if you take general market people they're invested down about 20% and if you're down 20% it takes 25% just to get even. 12 00:01:43.320 --> 00:01:54.060 Tom Busby: And so, sometimes you make more money by being on the sidelines than actually engage now traders love this because traders can go with the flow. 13 00:01:54.480 --> 00:02:02.460 Tom Busby: And their mindset is they just look for opportunities each day each week or each month, and I think that's good because. 14 00:02:02.940 --> 00:02:12.600 Tom Busby: You know i've gone back to some of the things that started DTI with as you're well aware it's less and what about that new feature, we got in the roadmap, called the game changer. 15 00:02:13.080 --> 00:02:25.020 Tom Busby: I won't put on a trade in this of plugging into that sucker because it tracks to market 24 hours for you in tells you where to enter and and I gotta tell you a success story, this morning we're doing our payday Friday. 16 00:02:25.860 --> 00:02:29.220 Tom Busby: And i've never trade, the stock in my life, it was a. 17 00:02:30.000 --> 00:02:40.050 Tom Busby: it's called bj not sure some of you guys probably traded or whatever, but it came up on my scanner that plugged it into the trade tracker 2.0 and then put it in the game changer. 18 00:02:40.650 --> 00:02:55.020 Tom Busby: I went short the stock this morning are bought up but did both the stock fell out of bed, we made $1 on a $4 option during the time period that. 19 00:02:55.860 --> 00:03:07.110 Tom Busby: We were doing the trade and you know that's what i'm talking about i've never tried that stock in my life, but having the right tools allowed me to do bj. 20 00:03:08.280 --> 00:03:15.180 Tom Busby: And I guess i'll be training it for a while now, so, so let me know what they do bj wholesale. 21 00:03:15.300 --> 00:03:17.040 Roger Scott: Here I did it's like it's like a big. 22 00:03:17.430 --> 00:03:19.770 Roger Scott: Time it's like a big it's like costco they're. 23 00:03:20.400 --> 00:03:21.570 Celeste Lindman: Talking about it, Roger. 24 00:03:22.560 --> 00:03:23.190 Roger Scott: Yes. 25 00:03:23.280 --> 00:03:24.450 Roger Scott: good memory, we we. 26 00:03:24.540 --> 00:03:31.560 Roger Scott: We featured it here on this show, about a year ago, maybe more it's like a competitor to to costco. 27 00:03:31.860 --> 00:03:32.940 Celeste Lindman: costco yeah so good. 28 00:03:32.970 --> 00:03:40.200 Celeste Lindman: yeah and I want to hear more about those later Tom you know I can't wait to get to your slides really can't wait that's gonna be really good in fact there's a lot of really good slides. 29 00:03:41.340 --> 00:03:47.100 Celeste Lindman: You guys are gonna be in store for a lot hey Jeffrey what are your thoughts, you know I mean is there anything to get excited about in these markets, I mean. 30 00:03:49.230 --> 00:03:57.210 Jeffry Turnmire: Well, I mean I just had back to back two days in my iwa trade that i've you know talked about here a couple weeks ago. 31 00:03:57.810 --> 00:04:03.960 Jeffry Turnmire: We just had back to back wins yesterday and today, so I mean there's stuff to to trade out here if you're a trader. 32 00:04:04.350 --> 00:04:11.610 Jeffry Turnmire: If you're an investor, I mean it's it's a it's gonna be a little bit yet before you get some confirmation that we can jump back into the markets. 33 00:04:12.090 --> 00:04:21.510 Jeffry Turnmire: But uh I mean the big the big thing to me, is just ignore all the news I mean right now we're you know the Ai investor sentiment. 34 00:04:22.260 --> 00:04:32.880 Jeffry Turnmire: Read, is it the most bearish it's been in since the.com crash whatever I mean you're telling me that you know, right now, it looks worse than it did at the beginning and coven or you know. 35 00:04:33.210 --> 00:04:33.540 Jeffry Turnmire: I mean. 36 00:04:33.780 --> 00:04:36.030 Roger Scott: yeah I agree with you 100% on what you just. 37 00:04:36.030 --> 00:04:36.330 Roger Scott: said. 38 00:04:36.570 --> 00:04:37.230 Jeffry Turnmire: I couldn't agree. 39 00:04:37.320 --> 00:04:37.680 More. 40 00:04:39.180 --> 00:04:39.570 I mean. 41 00:04:40.770 --> 00:04:44.430 Jeffry Turnmire: We were looking at lockdowns in like a complete stop of the world economy. 42 00:04:44.550 --> 00:04:47.070 Roger Scott: And right now we're looking at possible extinction. 43 00:04:47.130 --> 00:04:49.080 Roger Scott: extinction of the world right. 44 00:04:50.160 --> 00:04:50.490 Jeffry Turnmire: I mean. 45 00:04:51.090 --> 00:04:52.230 Roger Scott: Thank you, thank you, I just. 46 00:04:53.700 --> 00:04:58.080 Roger Scott: you're echoing exactly and you are right, you and I are right on the same on the same. 47 00:04:58.800 --> 00:04:59.490 Roger Scott: same place. 48 00:04:59.820 --> 00:05:07.530 Jeffry Turnmire: I mean what what's so bad right now that I mean sure we've got some headwinds to going up higher but I mean. 49 00:05:08.670 --> 00:05:10.980 Jeffry Turnmire: we're not looking at mass extinction of all the people. 50 00:05:13.200 --> 00:05:14.550 Jeffry Turnmire: So I mean. 51 00:05:15.060 --> 00:05:22.950 Celeste Lindman: hey mark hey are you are you here, I can't see on my screen, but just want to show you know what do you think about all this news mentioned, we listen to it, what are you, what are your thoughts. 52 00:05:23.640 --> 00:05:28.650 Markay Latimer: yeah I know I agree with what Roger and Jeffrey are saying, and it is. 53 00:05:28.980 --> 00:05:38.070 Markay Latimer: You know it's funny but also like part of me i'm like are you kidding me I look at like lift is just dollars higher than it was when we shut everybody down and you couldn't. 54 00:05:38.340 --> 00:05:54.750 Markay Latimer: Travel at all, and there were no lifts uber's to be had I know because I was traveling then and I was stuck at the airports couldn't get anywhere so so it's crazy, but then it is almost like I mean I love it because markets always react, or you know they'll react overreact to news. 55 00:05:56.250 --> 00:06:05.490 Markay Latimer: Even though we're not an image shut down there's some weird stuff going on, though I mean its face it supply chain disorders, the price of all listening to farmers talk this morning about. 56 00:06:06.510 --> 00:06:12.330 Markay Latimer: Three paying three times the price for fertilizer that they did last year that the guys bill was a million dollars. 57 00:06:12.630 --> 00:06:19.500 Markay Latimer: plus the diesel to run the tractors yeah plus the diesel to ship his produce to the stores, I mean. 58 00:06:19.830 --> 00:06:27.060 Markay Latimer: we're seeing and and the thing that's frustrating it's all it's all man made like we're making all of this, like you know we're creating all of this and it's insane. 59 00:06:27.630 --> 00:06:38.730 Markay Latimer: So is it worse than coven no but yet it's it's creating these weird pockets of strength and weakness and even what I love about this week, I will say. 60 00:06:39.090 --> 00:06:45.330 Markay Latimer: Is that we know things get you know overreacted both ways I love to go in and think like a contrarian but this week it feels like. 61 00:06:45.540 --> 00:06:51.990 Markay Latimer: Everything is just getting killed everything I don't know, maybe there is a flight to safety, but i'm having a hard time finding it right now. 62 00:06:52.350 --> 00:06:59.610 Markay Latimer: which tells me like that, along with the overly bearish sentiment, maybe we are getting closer to a bottom maybe. 63 00:06:59.940 --> 00:07:09.810 Markay Latimer: But in the meantime, until then, I just love trading the streams let things rally a lot and then and trade, the bearish side, let them tank and then i'm looking for the bullish side so like. 64 00:07:10.140 --> 00:07:22.740 Markay Latimer: apple this week we just killed it on bearish calls on apple on after that rally that we had what everything broke down Wednesday, so that was great because apple rallied everybody was excited big bullish day. 65 00:07:23.220 --> 00:07:26.460 Markay Latimer: And they think tank kind of like this morning right everything's bullish. 66 00:07:26.850 --> 00:07:36.750 Markay Latimer: Until it wasn't So if you think like a contrarian there's more I think there's more opportunity, you know the walmart's and targets and dollar trees and all those companies that are just getting hammered. 67 00:07:37.200 --> 00:07:46.710 Markay Latimer: At some point they're going to bounce so I that's where I come in on these markets like I can't figure it out it doesn't make sense but that's typical with markets, they don't make sense, so. 68 00:07:46.830 --> 00:07:48.000 Markay Latimer: I like the extremes. 69 00:07:48.780 --> 00:07:59.400 Celeste Lindman: And hey everybody I can't wait for you to hear more from our case she's got some really great setups on these markets bears bowls everything, something you haven't seen before you're going to love listening to what she has to. 70 00:07:59.400 --> 00:08:01.140 Celeste Lindman: say today so stay tuned for that. 71 00:08:01.350 --> 00:08:10.050 Celeste Lindman: And hey Bo done it, I agree with you, I think we're going to know when the world is ending when ice cream becomes extinct we can't get ice cream anymore, then it's all over so. 72 00:08:10.560 --> 00:08:20.160 Celeste Lindman: But anyway, hey hey Roger it was great being with you this week fantastic class does great, but you know just real quick, you know, is there anything to get excited about in this market right now. 73 00:08:20.490 --> 00:08:27.510 Roger Scott: Yes, there's a lot to be excited about and, by the way, I agree a mark a warrior didn't even see there till a few minutes ago, good to see you finally i'm. 74 00:08:27.570 --> 00:08:30.180 Markay Latimer: gonna love it has yeah and I gotta go there. 75 00:08:30.600 --> 00:08:35.550 Roger Scott: yeah definitely please and and Jeff Jeffrey I agree with you 100%. 76 00:08:36.900 --> 00:08:49.170 Roger Scott: Everybody folks things are not as bad we were literally what I here's what I think happened I think what coven did all of us is and to the market, and I know it was cold, it is a really bad nasty thing that happened but. 77 00:08:49.890 --> 00:08:54.420 Roger Scott: I think gave the trading world a thicker skin. 78 00:08:55.110 --> 00:09:05.010 Roger Scott: I think what happened is all the money that came in the market and all the fear, and I mean real fear not fear the that you're going to pay $3 more for toilet paper but fear of your life ending. 79 00:09:05.550 --> 00:09:13.440 Roger Scott: Put a people in perspective, and the fact that this market downturn happened so quick afterwards I think people are still. 80 00:09:14.100 --> 00:09:24.450 Roger Scott: resilient from what happened, aside from that and i'll be very quick you've got a lot of factors that are pointing to a bottoming a bottoming of this market now. 81 00:09:24.900 --> 00:09:33.720 Roger Scott: One thing I will say I don't know how fast we're going to turn around, but I will say there's a lot of signals and a lot of factors multiple factors and i'll go over them in my analysis later today. 82 00:09:34.050 --> 00:09:41.280 Roger Scott: That are pointing to a bottom now again when I say bottom it doesn't mean the absolute bottom, it means we're you know close to that level. 83 00:09:41.640 --> 00:09:48.750 Roger Scott: There is nobody who can pick tops and bottoms with with certainty it just doesn't exist, but I think we're way over reacting I think there's just. 84 00:09:49.170 --> 00:09:59.640 Roger Scott: I basically am going to echo what Jeff Jeffrey said, because this is just this is just craziness and again an example of the market overreacting to things that's what i'm going to say for now. 85 00:10:00.000 --> 00:10:05.010 Celeste Lindman: Excellent can't wait to hear more from all of you great panelists today, of course, you know, there is always. 86 00:10:05.310 --> 00:10:10.170 Celeste Lindman: This risk in the market we're talking about it we've experienced it we're seeing it we're living in. 87 00:10:10.470 --> 00:10:18.840 Celeste Lindman: And so, with that risk in the market, you always want to be very careful about what you're doing you want to make sure that you understand everything that you're trading before you ever click that mouse. 88 00:10:19.140 --> 00:10:23.910 Celeste Lindman: we're just using examples we're telling you the things that we've done things that have worked in the past and we use. 89 00:10:24.210 --> 00:10:37.320 Celeste Lindman: Those types of systems those types of rules to help us make money in the future, and these guys and gals have the track record to support that you can see it, you know you know all these wins this week, you know hearing from all of you. 90 00:10:37.770 --> 00:10:46.830 Celeste Lindman: panelists the great rates that you've had this week so that's what we're doing and that's what we're trying to transfer to you so it's your responsibility will make sure you listen take notes. 91 00:10:47.100 --> 00:11:00.000 Celeste Lindman: You know, ask questions get involved, these people have been were everywhere in the markets they've seen everything Roger I you're about ready to say that you have three decades of experience, I heard you say that in class 29 years. 92 00:11:00.300 --> 00:11:04.890 Celeste Lindman: A lot of experience here with these guys and gals here to listen up and. 93 00:11:05.730 --> 00:11:15.210 Celeste Lindman: Just know that that really is real so we've got course we've got Tom busby he's the reason we're all here he's written three great selling books, has a wonderful roadmap a software program. 94 00:11:15.480 --> 00:11:27.270 Celeste Lindman: Software that's fantastic it's kind of like manage, just like foretells the future for me really helpful we've got Roger Scott, you know he's been around his systems are fantastic, I was in the classroom this week. 95 00:11:27.510 --> 00:11:40.170 Celeste Lindman: got to hear about those whoo so amazing, and of course he's done this for the wealthiest families in the world can't name them because y'all would know them and we're so glad to have our third grader I mean Jeff return Meyer. 96 00:11:40.470 --> 00:11:54.330 Celeste Lindman: who started really paper trading in third grade, and that gives him gobs and gobs of experience and I love I love Jeffrey story about how he turned a really bad situation for his mother into a very, very positive. 97 00:11:54.600 --> 00:11:59.790 Celeste Lindman: Using the exact trading system that he showing you today, using the exact levels. 98 00:12:00.030 --> 00:12:06.060 Celeste Lindman: That he's going to show you today, of course, he was spot on when he's been here on ask the pro so make sure you listen up to those levels as well and, of course. 99 00:12:06.360 --> 00:12:11.100 Celeste Lindman: Welcome back to our $2 million star mark hey latimer we're glad she's here. 100 00:12:11.310 --> 00:12:22.170 Celeste Lindman: If she can take 2000 and turn it into 2 million I think she can teach you how to do that as well she's got phenomenal education phenomenal signals, you know it's it's simple it's easy she makes it easy. 101 00:12:22.380 --> 00:12:32.490 Celeste Lindman: makes things that feel very difficult easy and you're going to hear about that from her today particular about bear markets bull markets patterns when it's going to when you can kind of get a feel for when it's over. 102 00:12:32.760 --> 00:12:46.110 Celeste Lindman: or when it's going to continue really great nuggets to have under your belt in any kind of market so let's get started let's jump right in and Tom I want to get to those slides you were talking about so take it away, and you know fill us in on what's going on. 103 00:12:46.530 --> 00:12:55.050 Tom Busby: Sure, when I tried to do because you know i've always tended to focus on the here and now looking at the market and thinking about that. 104 00:12:55.410 --> 00:13:12.870 Tom Busby: But at night, sometimes I usually take about 3040 minutes and I sort through tables and different things sort of like when it's quiet i'll go there, last night I found this one, the s&p 500 you got my attention, since 1928 to 2022. 105 00:13:14.910 --> 00:13:21.210 Tom Busby: it's the worst performance through 96 days you go back look at history books here you'll notice 1940. 106 00:13:22.590 --> 00:13:29.520 Tom Busby: You know we're down about 20% which we are are today, and then you look at some of these losses there, and you think what happened. 107 00:13:30.120 --> 00:13:33.900 Tom Busby: to your in you see the gains from the current prices to the year in. 108 00:13:34.500 --> 00:13:42.780 Tom Busby: or well yeah from 97 to here, but the overall year and a way to put this thing in perspective, we talked about this morning and payday Friday. 109 00:13:43.260 --> 00:13:51.210 Tom Busby: But look what happens the year talking about this year ends up down, you know if you look at the odds. 110 00:13:51.720 --> 00:13:56.940 Tom Busby: And so, if we do get a rally it's gonna come back down this one this charts telling me. 111 00:13:57.390 --> 00:14:10.380 Tom Busby: And we will get a rally I just don't know when but we'll be able to recognize it obviously but the whole point is the overall big picture folks this is here to stay, for a while, so what can you do here's what you can do. 112 00:14:11.070 --> 00:14:19.980 Tom Busby: You can learn how to analyze the market, you can learn a process that allows you to make money to the short side. 113 00:14:21.210 --> 00:14:35.190 Tom Busby: You can you can do things to recognize and i'm glad market is going to cover this patterns that break to the south side and I just think you can do a lot for yourself if you don't know what to do is a. 114 00:14:35.220 --> 00:14:36.900 Tom Busby: Great period of time. 115 00:14:37.080 --> 00:14:47.370 Tom Busby: to educate yourself, and you know, I think that sometimes you're better off on the sidelines, rather than jumping into a market you don't understand that's. 116 00:14:47.910 --> 00:14:53.700 Tom Busby: that's just wisdom from trade knowledge years haven't done the wrong thing before it'll save you money. 117 00:14:54.360 --> 00:15:03.480 Tom Busby: Now I want to take some myself if the markets down 20%, the question is how much does it have to gain to get your money back. 118 00:15:04.290 --> 00:15:14.700 Tom Busby: You need to know that formula, because if you're down 20% you've got to gain 25% breakeven so as this market comes down like the nasdaq's pushing 30%. 119 00:15:15.240 --> 00:15:26.100 Tom Busby: You know it's you know, like 44% you got to get to get back even the lower we go the harder it's going to be to get even. 120 00:15:26.730 --> 00:15:37.740 Tom Busby: And so all i'm telling you pay attention because that has an effect on the general market that we're trading that percentage, and it happens during the year. 121 00:15:38.190 --> 00:15:47.460 Tom Busby: So that's why I keep up to date with what's happened, so I thought that slide was was good, now I got another slide I want to show you that is pretty interesting. 122 00:15:49.050 --> 00:16:02.910 Tom Busby: Because i've been long energy it's gotta be long something be long energy, because the energy is up about 50% you could throw darts at the energy stocks and make money this year being long. 123 00:16:03.360 --> 00:16:23.160 Tom Busby: But conoco Phillips Chevron Exxon Mobil and Occidental have been consolidating and they're getting ready, I believe, to break out again and because of that, I think there's an opportunity here as we go over the next 30 to 6090 days in fact. 124 00:16:24.660 --> 00:16:38.040 Tom Busby: At Occidental petroleum uh it's been got my attention because I got a friend that some real Warren Buffett guy and he was telling me that Warren bought Occidental and I started looking at it and. 125 00:16:38.820 --> 00:16:50.190 Tom Busby: But that's one might look at, but conoco Phillips, has always been a goat to stop me when you're all market went up Chevron and Exxon same thing, but these are stocks you're a half on your watch list. 126 00:16:50.670 --> 00:17:07.740 Tom Busby: And you are a watch the stocks, because, if all goes higher, which I believe it will, and I can give you a number here I got one has 145 sound 145 on crude all about 110 so that's about 27% from here. 127 00:17:08.370 --> 00:17:25.050 Tom Busby: That have made some of you that are down if i'm right please Daddy okay to be like seinfeld everything works out even but the whole point is, is that these are an area that I will pass try to buy one to be long and so. 128 00:17:27.720 --> 00:17:37.560 Tom Busby: Keep your mind open I listened to everybody, I don't say he's wrong I don't say he's writer she's wrong or she's right by try to. 129 00:17:38.130 --> 00:17:54.240 Tom Busby: try to get knowledge that helps me make money okay and that's the eyes eyes and ears open there's a lot of good things out there, and you got three great traders right in front of you Roger and. 130 00:17:54.930 --> 00:18:05.550 Tom Busby: And you know mark K and Jeffrey these guys have it so they're going to give you their perspective I love listening to it, and so I think that. 131 00:18:07.440 --> 00:18:11.910 Tom Busby: You ought to be positive, no matter where the market goes up or down also yeah. 132 00:18:11.970 --> 00:18:14.340 Celeste Lindman: Well, said that's perfect perfect perfect. 133 00:18:14.790 --> 00:18:15.660 Tom Busby: One last thing. 134 00:18:15.690 --> 00:18:31.650 Tom Busby: We just broke that Thursday lows has been supporting the market and it's a 45 right now 3845 that number was 3855 so that's a new monthly low, so we just did on the s&p while i've been talking So there you go. 135 00:18:32.220 --> 00:18:33.930 Celeste Lindman: Right, right here at key times. 136 00:18:34.050 --> 00:18:43.350 Celeste Lindman: that's right Tom yeah, so I think those were really good words that i'm scared and so let's jump over to you, Roger because I know oxy has been hot on your list for a good long time and. 137 00:18:43.530 --> 00:18:48.060 Roger Scott: it's really interesting it's really interesting to see mom and I we haven't talked about. 138 00:18:48.270 --> 00:19:02.010 Roger Scott: Energy stocks or specifically we just say like yeah like energy I like energy but we haven't talked about specific energy stocks and I just I wrote down the four stocks he talked about COP oxy Exxon, and the last one was was the last one Tom. 139 00:19:02.610 --> 00:19:04.140 Celeste Lindman: o'brien chevrolet. 140 00:19:04.590 --> 00:19:11.700 Roger Scott: Yes, Chevron so just just fyi just look at this, this is this is 500 stocks right we're looking at 500 stocks. 141 00:19:12.810 --> 00:19:13.650 Roger Scott: where's oxy. 142 00:19:15.000 --> 00:19:35.910 Roger Scott: Look at look at Chevron and look at COP right here and look at Exxon right there in the top 10 every one of them every every force the force stocks that you mentioned are in the top 10 that's the top point 00 point 1% of the s&p 500. 143 00:19:37.050 --> 00:19:39.300 Roger Scott: And you and I haven't talked about this at all right. 144 00:19:39.330 --> 00:19:44.100 Tom Busby: Now we're talking about across the aisle from each other at the office. 145 00:19:44.580 --> 00:19:45.090 Roger Scott: We have ever. 146 00:19:45.120 --> 00:19:45.720 Tom Busby: told you. 147 00:19:46.260 --> 00:19:47.640 Tom Busby: I told you, I was long energy. 148 00:19:47.940 --> 00:19:54.750 Roger Scott: yeah yeah four months and i've been telling you that's the strongest sector since since January, but but we never talked about the stock. 149 00:19:55.380 --> 00:20:01.050 Roger Scott: And those stocks are all in the top 10 and an oxy, by the way, Warren stock is number one. 150 00:20:01.590 --> 00:20:12.060 Roger Scott: The the stock that was that's been going these three right here they've been all since January going, you know flipping between Devon, and the lario and Austin dental but you. 151 00:20:12.540 --> 00:20:19.680 Roger Scott: it's exactly what Tom just said, you really can just throw a dart and you'll be right at any of the year, it doesn't matter they're all highly correlated right now. 152 00:20:20.100 --> 00:20:30.720 Roger Scott: But, but it just happens to be the ones, he picked are in the top 10 I also like displaying your natural gas lot it just specializes in natural gas, and I think natural gas is. 153 00:20:30.720 --> 00:20:32.430 Tom Busby: Actually, so simple that Roger. 154 00:20:32.790 --> 00:20:38.490 Roger Scott: pee pee pee pee xd great stock it's been in the top 15 now for five months. 155 00:20:38.910 --> 00:20:49.560 Roger Scott: px D and it's doing exactly what all those other stocks are doing so I want to talk a little bit about about the current climate and what's going on and really and, by the way again. 156 00:20:49.860 --> 00:21:04.530 Roger Scott: I haven't heard, most of the guys have been talking to they've been really bearish and i'm so glad that Jeffrey and mark K have a different perspective because everybody's acting like the sky is falling and and it's not folks it's not especially when you look at at the following here. 157 00:21:05.880 --> 00:21:07.110 Roger Scott: Let me just show you something here. 158 00:21:09.990 --> 00:21:15.060 Roger Scott: And again, we can't pick the low it's impossible to pick the low, but when you see momentum levels. 159 00:21:16.560 --> 00:21:20.670 Roger Scott: In these areas that i'm going to i'm going to show you right now it's hard to believe. 160 00:21:21.630 --> 00:21:25.920 Roger Scott: that the market really has a lot more to go now, it could it could fluctuate it could move. 161 00:21:26.370 --> 00:21:38.430 Roger Scott: But I mean the RSI, this is the third time since 2008 that the art that the RSI is oversold and look at momentum levels we have 10 10% 11 stocks trading in the NASDAQ 100 that are trading above. 162 00:21:38.850 --> 00:21:47.520 Roger Scott: The 200 day moving average this is 2008 crash were below covert levels right, this is coven, and this is the last time to fed rate so. 163 00:21:47.790 --> 00:21:55.650 Roger Scott: If even if we do go down a little bit it's there's just not much more there OK, now a couple of things we need to, we need to get straight. 164 00:21:56.100 --> 00:22:02.250 Roger Scott: And this is why I don't like the media, they distort a lot of things and they don't really give you guys accurate information. 165 00:22:02.670 --> 00:22:12.780 Roger Scott: So what I want to do is, I want to break away a couple of things that's been happening this week and set you guys straight, first of all, the s&p as of yesterday was down 18.6%. 166 00:22:13.410 --> 00:22:35.130 Roger Scott: till till were 20% we don't have a bear market now the only time we've had that was in 2007 and a march a month, a month long in March of 2020 due to call it that, was it so so most up now here's where it gets fun most bear markets like cove it or this and that. 167 00:22:36.900 --> 00:22:46.770 Roger Scott: it's 18.6 as of yesterday on the s&p 500 from peak to trough now we I want to I want you guys to listen carefully to what i'm saying, please it's important. 168 00:22:48.480 --> 00:22:48.960 Roger Scott: So. 169 00:22:50.010 --> 00:23:04.980 Roger Scott: eight companies are responsible for nearly half of the weighted benchmark last netflix 70% Facebook and nvidia 43% Microsoft apple Amazon Google and tesla between 23 and 36%. 170 00:23:05.550 --> 00:23:14.070 Roger Scott: If you used a theoretic model and equalized everything gave everyone everything equal weight, the s&p is down 13%. 171 00:23:15.090 --> 00:23:25.260 Roger Scott: Okay don't go falling the sky is not falling 13% because people are not trading those fang stocks much anymore they're trading the broad mark so 13% is not all that great. 172 00:23:26.070 --> 00:23:42.360 Roger Scott: Now let's talk about earnings a little bit okay or retail sector, the retail sector came out and a lot of stocks dumped as a result, why because target and walmart had bad numbers but here's what what you guys are not considering. 173 00:23:43.560 --> 00:23:50.130 Roger Scott: was what what's the biggest reason why D stores don't make money because people don't spend right. 174 00:23:51.240 --> 00:23:53.580 Roger Scott: Well guess what I got some news for you guys. 175 00:23:54.960 --> 00:23:55.530 Roger Scott: target. 176 00:23:57.630 --> 00:23:58.200 Roger Scott: target. 177 00:23:59.550 --> 00:24:04.320 Roger Scott: Revenue increase 2.4% and walmart. 178 00:24:05.370 --> 00:24:13.440 Roger Scott: No, excuse me target revenue increase 4% and and walmart revenue increased 2.4%. 179 00:24:14.580 --> 00:24:19.470 Roger Scott: Okay, so people are spending Now let me tell you what the real reason for this was. 180 00:24:19.920 --> 00:24:28.620 Roger Scott: target and walmart don't have good things to sell because of the supply chain shortages what they're trying to do is they're trying to get people to buy things they don't want. 181 00:24:29.220 --> 00:24:37.290 Roger Scott: of home depot didn't have any problems that they now and home depot is a lot closer to consumer staples then either target or walmart. 182 00:24:37.680 --> 00:24:45.990 Roger Scott: When target and walmart still selling things that people actually want right now, and anybody who's been going to walmart will shaking their head going yep he's right. 183 00:24:46.410 --> 00:24:53.490 Roger Scott: They don't have anything to sell that's why the numbers are down, people are spending retail sales numbers was up on Tuesday wasn't down. 184 00:24:53.790 --> 00:25:04.230 Roger Scott: And again revenues higher just because they don't have anything to sell that doesn't mean people are should be penalizing the whole sector for it okay so very, very important. 185 00:25:04.770 --> 00:25:19.500 Roger Scott: Number two earnings are done with okay earnings are up 9.5% for this quarter Okay, we were expecting 3.4% 3.4 we're now at 9.5%. 186 00:25:19.890 --> 00:25:26.520 Roger Scott: Revenue we were expecting 9.9% we got 13.5% so numbers are better than expected as well. 187 00:25:27.180 --> 00:25:29.580 Roger Scott: So, here are some signs. 188 00:25:30.030 --> 00:25:40.650 Roger Scott: yeah they're they've narrowed their offerings it's like people don't want to buy beach supplies Okay, so if you if you go to target and you see beach supplies and you walk out it's not because you don't want to buy people want to spend. 189 00:25:41.040 --> 00:25:47.970 Roger Scott: They want to spend and that's the biggest factor that's the number one factor people spending revenues up. 190 00:25:48.450 --> 00:26:01.080 Roger Scott: don't blame the industry for targets and walmart's bad purchasing decisions, something that nobody's talking about now factors that are pointing to bowls Okay, let me show you guys so. 191 00:26:02.880 --> 00:26:18.750 Roger Scott: Arc let's look at Arc the King of the of the I Robert I said as of yesterday, not as of today, as of Thursday, this is not, as of today, I didn't do this today, the first thing I said is as of Thursday, these are numbers as of Thursday, please listen to. 192 00:26:20.010 --> 00:26:21.900 Roger Scott: that the high on the Ark. 193 00:26:24.210 --> 00:26:34.260 Roger Scott: The high on the Ark this isn't, this is an index that tracks shitty stocks excuse my French really bad stocks high was 158 we went down to 40. 194 00:26:35.070 --> 00:26:43.680 Roger Scott: We went to pre covert levels, the p E ratio on these things is not high anymore it's not in the hundreds that whole excitement rally is gone. 195 00:26:44.010 --> 00:27:00.270 Roger Scott: we're now back it, just as I, as I said, we would, this is the best gauge of crappy companies being over inflated Okay, this was a time to call crash, not this and this moves and moves perfectly with the fact that. 196 00:27:01.470 --> 00:27:02.370 Roger Scott: The fact that. 197 00:27:06.870 --> 00:27:22.590 Roger Scott: You have the momentum levels at 12% so it all moves together now what's another major factor, what have we been seeing when did all this start Tom You said the other day it all started right around November I heard you on on on delete session. 198 00:27:22.620 --> 00:27:28.650 Roger Scott: yeah it doesn't matter, the first perfect now let's take a look at some things let's be let's be reasonable here. 199 00:27:29.790 --> 00:27:37.470 Roger Scott: What what started this whole thing three things three things the fed with their with their inflationary pressure. 200 00:27:40.140 --> 00:27:43.020 Roger Scott: Look at the bond market guys look at the long bonds over the last month. 201 00:27:44.550 --> 00:27:45.750 Roger Scott: we're not going down anymore. 202 00:27:47.460 --> 00:27:56.070 Roger Scott: Look we're not going down anymore we're going sideways That means the bonds long bond has had it what's been putting pressure on stock and when did this peak out. 203 00:27:57.240 --> 00:28:08.460 Roger Scott: Let me, let me go a little further up this thing peaked out 12 612 three excuse me, just a few days after the after after gnostic started giving it up, just a few days. 204 00:28:08.910 --> 00:28:20.490 Roger Scott: If this stops going down, and if this stabilizes the stock market will also stop going down and stabilize factor number to pay attention we're going to go to the time back machine. 205 00:28:21.210 --> 00:28:25.830 Roger Scott: Jeffrey you're gonna love Jeffrey and market watch this you guys are gonna love this I don't think i've shown this to you, yet. 206 00:28:28.620 --> 00:28:30.510 Roger Scott: So check this out, this is so cool. 207 00:28:32.880 --> 00:28:34.560 Roger Scott: So we've got the 11 sectors right. 208 00:28:35.640 --> 00:28:44.430 Roger Scott: energy's been leading since January seven communication services has been lagging since January watch today's may 20 let's go back one month. 209 00:28:46.440 --> 00:28:54.360 Roger Scott: What sectors lagging the most communications that's April 20 let's go back another month communication let's go back another month. 210 00:28:56.700 --> 00:28:58.680 Roger Scott: Communication let's go back another month. 211 00:29:00.870 --> 00:29:03.330 Roger Scott: Communication let's go back to another. 212 00:29:04.380 --> 00:29:05.310 Roger Scott: 95 days. 213 00:29:06.330 --> 00:29:10.770 Roger Scott: January 4 communication let's go back to to day. 214 00:29:16.680 --> 00:29:19.680 Roger Scott: Communication as of last week stopped lagging behind. 215 00:29:20.760 --> 00:29:22.020 Roger Scott: And visually. 216 00:29:23.460 --> 00:29:35.370 Roger Scott: As all the other sectors broke the low like this, like did today communication sectors did not look technology, all the way down communicate consumer break broke below today. 217 00:29:36.450 --> 00:29:48.210 Roger Scott: excel see did not, why is this important well it just happens to be that half of the half of fang is in that sector, including Google PayPal nvidia and netflix. 218 00:29:49.020 --> 00:29:58.470 Roger Scott: it's in the communication sector that's two factors, let me give you another factor if you guys like numbers, what was the number, aside from. 219 00:29:59.100 --> 00:30:08.790 Roger Scott: Aside from the communication sector, what was the other sector that started lagging behind everything else, the small caps the Russell of course everybody knows that right. 220 00:30:10.530 --> 00:30:12.000 Roger Scott: Well, look at the Russell right now. 221 00:30:13.440 --> 00:30:16.860 Roger Scott: The Russell is now back to pre pandemic levels. 222 00:30:17.850 --> 00:30:19.380 Jeffry Turnmire: it's actually leading the way out of this. 223 00:30:20.070 --> 00:30:36.120 Roger Scott: This lowering your age sure as heck is it's it's not lagging looks very similar to communication services and, yes, you're absolutely right it's the lead ahead and and even though the stock market broke hello, a new low let's take a vic's. 224 00:30:42.540 --> 00:30:48.300 Roger Scott: vicks levels did not break last week's levels, so I didn't give you one factor I gave you. 225 00:30:49.890 --> 00:30:50.940 Roger Scott: Six factors. 226 00:30:52.050 --> 00:30:54.660 Roger Scott: That are all the opposite of what started all of this. 227 00:30:55.500 --> 00:30:57.030 Jeffry Turnmire: Another funny thing about the mix. 228 00:30:57.060 --> 00:30:58.890 Jeffry Turnmire: Let me stop you real quick Oh, really. 229 00:30:59.310 --> 00:31:09.840 Jeffry Turnmire: Wednesday when we had that epic drop you know, one of the biggest top six drops ever or something like that, and it was one of only six times in history that we did the vics didn't respond. 230 00:31:10.350 --> 00:31:14.130 Roger Scott: at all at all you're absolutely right, you and I are looking. 231 00:31:14.160 --> 00:31:32.130 Roger Scott: At exact same factors exactly the same, so the the the the most speculative stocks are starting to leave the sector that took us down since January is no longer lagging momentum levels are lower level than they were during 2008 and then has tech. 232 00:31:33.660 --> 00:31:38.550 Roger Scott: i'm glad I can't even say that with a straight face folks it's time to you know. 233 00:31:38.970 --> 00:31:46.050 Roger Scott: it's priced in most of it is pricing and again what really pissed me off excuse my French is how they were taking target and. 234 00:31:46.350 --> 00:31:58.680 Roger Scott: and bringing it up to the entire sector, and it was clear i'm looking at the revenue and i'm like wait a minute people spend more money it's not their fault you don't have things they want so again. 235 00:31:59.220 --> 00:32:06.960 Roger Scott: So again, the the every everything that i'm looking at is looking good right now, now, before I go I know i've been talking quite a bit, let me just give you a couple of stocks. 236 00:32:07.350 --> 00:32:19.860 Roger Scott: That i'm liking for this reason PayPal isn't the communication services sector PayPal has been breaking down PayPal should be one of the first stocks to start coming back up. 237 00:32:20.490 --> 00:32:31.560 Roger Scott: And notice PayPal has been holding on pretty good hasn't been leading the way down I think PayPal should go up to 95 with a hiccup will make this thing go up to about a 95. 238 00:32:32.010 --> 00:32:35.310 Roger Scott: The next stock in the sector in the industrial sector, excuse me as Boeing. 239 00:32:35.970 --> 00:32:47.130 Roger Scott: I like Boeing right now, and I think that, taking advantage of these big down moves is advantageous because the p E ratio on the stocks, right now, I want to show you the p E ratio on the stock right now. 240 00:32:47.760 --> 00:32:55.530 Roger Scott: I don't I don't even know if it's positive it's negative right so D stocks are really, really underpriced Bowling. 241 00:32:57.540 --> 00:33:00.990 Roger Scott: Right and last was G and RC. 242 00:33:02.040 --> 00:33:15.060 Roger Scott: it's a great company great fundamentals now I picked I had a target of 230 by the time I gave you the PIC it already went to 230 now it's back down to 45 and again it'll a hiccup will take it over there. 243 00:33:15.630 --> 00:33:25.350 Roger Scott: But I think these for stocks are really overdone so i'm moving away from energy not moving away from training energy moving away from my focus on energy, and I believe we're going to have. 244 00:33:25.620 --> 00:33:43.110 Roger Scott: A nice juicy turnaround here and also something that I did not mention, if you look at the put the call ratio, and this will be the last thing I say we don't look at it during the day, we only look at it after hours but it's been above it hasn't went it hasn't gone. 245 00:33:44.220 --> 00:33:53.610 Roger Scott: To the call side, since November so that's a rubber band that just keeps whining and whining and whining and whining that needs to snap so. 246 00:33:53.970 --> 00:34:03.120 Roger Scott: i'm becoming increasingly bullish every single day I only have a couple of positions short, one of the positions that I have short right now is. 247 00:34:03.960 --> 00:34:12.630 Roger Scott: Electronic arts, we put it on this morning it's up 8% and another, and I think that's and Sony and Sony because I think the Japanese currency is going to go down. 248 00:34:12.930 --> 00:34:21.060 Roger Scott: and take Sony with it, some further those are the only two stocks i'm short i'm pretty much long everything else that's all i've got I apologize for going so long, but I had a lot to say today. 249 00:34:21.450 --> 00:34:22.440 Celeste Lindman: Oh, I got out of my. 250 00:34:22.650 --> 00:34:23.490 Celeste Lindman: Love hearing from you. 251 00:34:23.610 --> 00:34:24.810 Roger Scott: Absolutely, you can take. 252 00:34:24.840 --> 00:34:30.240 Celeste Lindman: My time you want a lot of great content already right everybody, so a lot of good things to jot down. 253 00:34:30.690 --> 00:34:38.460 Celeste Lindman: Jeff I think last time you were on as far as you were talking about those small caps as well, and you were showing us a levels and you've been really spot on. 254 00:34:38.790 --> 00:34:46.590 Celeste Lindman: You know, can you take over the screen and kind of show us what you're seeing maybe more in the small caps s&p any of the any of the broad markets bitcoin anything. 255 00:34:46.890 --> 00:34:53.430 Jeffry Turnmire: Well i'll go well what Roger was talking there I came up with a little surprise i'm gonna I brought up a spreadsheet that. 256 00:34:53.880 --> 00:34:58.530 Jeffry Turnmire: i've been working on for a YouTube video that i'm going to do, probably this weekend and. 257 00:34:59.430 --> 00:35:07.710 Jeffry Turnmire: back in October and November I was talking about how these companies with price to sales ratios Roger was talking about price to earnings but price to sales. 258 00:35:08.640 --> 00:35:16.980 Jeffry Turnmire: was where I was focused in all the ones that had a ratio greater than 20 that was looking for high flyers that were over $50 I actually had our analysts pull up. 259 00:35:17.520 --> 00:35:29.310 Jeffry Turnmire: A list this week there's 100 and 104 on my list here that on November 1 21 had a PE ratio over 20 I mean a PS price to sales so excuse me. 260 00:35:29.940 --> 00:35:44.880 Jeffry Turnmire: going to get them mixed up here price to sales over 20 you know the last one on the list down here 20.01 was twilio now the interesting thing about it, you know where was the crash well the crash was in these names right here, these hundred and four stocks. 261 00:35:45.960 --> 00:35:54.930 Jeffry Turnmire: 39 of them are down, greater than 50% the average one on this list, I mean the average the whole list they're down 44.85%. 262 00:35:55.530 --> 00:36:12.780 Jeffry Turnmire: yep these were high flyers I mean you can look down through here and we've got some names that you might see like tesla on here twilio adobe Doc you sign a lot of these ones that were high flying during the coven times they've all gotten smacked down to their. 263 00:36:13.800 --> 00:36:24.660 Jeffry Turnmire: Levels before we went through all this mess and where's the real crash in the market it's right here in this list and i'm going to do a YouTube video and detail this out and talk about you know. 264 00:36:24.750 --> 00:36:25.890 Roger Scott: i'm so glad you're saying. 265 00:36:26.580 --> 00:36:29.850 Roger Scott: I am so glad you're saying this, you don't understand how relieved I am. 266 00:36:29.880 --> 00:36:38.430 Roger Scott: everybody's been so I mean it's like it's like the world is coming apart, you know and it's clearly if all you have to do is look at Arc I bet you 90% of these are in. 267 00:36:38.520 --> 00:36:39.390 Roger Scott: Cathy oh fun. 268 00:36:39.420 --> 00:36:43.920 Jeffry Turnmire: You know yeah you get a snowflake in here I mean that's definitely a Kathy stock right. 269 00:36:43.950 --> 00:36:44.220 Right. 270 00:36:45.510 --> 00:36:49.440 Roger Scott: No, I mean i'm seeing them seascape i'm seeing them nine nine out of 10 are fun. 271 00:36:49.920 --> 00:36:56.040 Jeffry Turnmire: yeah I mean, these are you know these are going to be all of these high tech, you know high flyers that people are pumping money into. 272 00:36:56.460 --> 00:37:04.350 Jeffry Turnmire: All this, you know the relief money that they got and then now we're going to trade stocks as easy right when of course when everything's high flying. 273 00:37:04.830 --> 00:37:10.950 Jeffry Turnmire: So yeah right now is the proof in the pudding and makes the traders, you know distinguishes the traders between the people that. 274 00:37:11.520 --> 00:37:21.960 Jeffry Turnmire: Maybe not going to make it too long term in this, but uh let's jump back over I was talking about that we would possibly see a rally into Wednesday, which we pretty much did. 275 00:37:23.250 --> 00:37:33.780 Jeffry Turnmire: We got it right up into the you know we picked out almost at 4100 like I was looking for last week, when I was on here and there was no magic in that it was the options that were held. 276 00:37:34.620 --> 00:37:45.720 Jeffry Turnmire: They were overloaded and if you didn't if you aren't aware, most of the big hedge fund type players that play the euro style options on the indexes like spx vix NASDAQ. 277 00:37:46.560 --> 00:37:53.190 Jeffry Turnmire: Russell you know those big they're going to buy you know 10s of thousands of contracts well they're going to move their position. 278 00:37:53.730 --> 00:38:05.670 Jeffry Turnmire: By Wednesday of next week, and this is up next week, the most of those index options expired first thing this morning, they don't expire at the end of the day, they expired there ever am expiration. 279 00:38:06.270 --> 00:38:15.030 Jeffry Turnmire: So all those guys move their money by Wednesday, so they don't get stuck that's why we saw I why I think we saw this rally right into Tuesday. 280 00:38:15.570 --> 00:38:27.810 Jeffry Turnmire: close and then Wednesday they let it go, so I mean I that's how I feel like it is right now we're approaching this next target level that I had down here for my. 281 00:38:28.620 --> 00:38:39.690 Jeffry Turnmire: Potential ultimate bottom, so it while every says, you know, nobody calls bottoms now i'm looking for a bottom to happen here eminently in the next few days so that's that's where I am. 282 00:38:40.860 --> 00:38:55.770 Roger Scott: By the way, just want to add the PE ratio on the s&p 500 is 18 right now folks okay it's a team lead, you know, everybody talks about how s&p is overbought it's 18 right now it's historically under undervalued right so just throwing that out there. 283 00:38:58.590 --> 00:38:59.400 Jeffry Turnmire: Is I mean. 284 00:39:00.360 --> 00:39:04.080 Roger Scott: you're spot on as far as i'm concerned that's all i'm gonna say i'm gonna. 285 00:39:04.500 --> 00:39:05.040 Roger Scott: leave it at that. 286 00:39:05.550 --> 00:39:10.590 Jeffry Turnmire: yeah and, if you want to know more, I didn't you know I talked about YouTube last week, when I was on here, I did a. 287 00:39:11.820 --> 00:39:22.110 Jeffry Turnmire: super cool video this weekend last weekend detailing out why I thought we were at a bottom I gave five key reasons they're all technical nothing fundamental in it. 288 00:39:22.980 --> 00:39:28.920 Jeffry Turnmire: You can go over Jeffrey trader.com slash YouTube and watch it it's a one of my highest viewed videos at this point. 289 00:39:29.880 --> 00:39:38.280 Jeffry Turnmire: i'm working on making better content like I said i'm gonna i'm going to detail out this price to sales ratio and put that video up just as soon as I can get it worked out. 290 00:39:39.600 --> 00:39:46.980 Jeffry Turnmire: But then we've also got NASDAQ which did let's jump out to the daily here, we did this deal i've got lots of arrows on here but. 291 00:39:47.400 --> 00:39:58.260 Jeffry Turnmire: You can see this first big arrow that starts back in November and drops and then we've got this next one that starts in March right March, April flip and comes down and the market did an ECHO. 292 00:39:59.010 --> 00:40:07.320 Jeffry Turnmire: You know you've heard you talking about my ECHO trades, this is an ECHO, where the move down echoed that first move down and essentially. 293 00:40:08.490 --> 00:40:19.500 Jeffry Turnmire: I I kind of find this these patterns in the market, where we have echoes and we have you know it doesn't it's not exactly perfectly the same, but you know, as they say, the market rhymes well I say it echoes and. 294 00:40:20.220 --> 00:40:29.940 Jeffry Turnmire: This is one of those where I think the bottom is happening here, I think the bottom is happening in SAP is getting a little extension, but i've got that target circle down there that i've had for a couple weeks. 295 00:40:30.450 --> 00:40:40.680 Jeffry Turnmire: And Russell it spent all last year, consolidating try to break out higher broke down lower hit some key levels and now it's leading the way at the bottom, as we already talked about. 296 00:40:42.090 --> 00:40:50.610 Jeffry Turnmire: Energy while it was the high flying coming into March I still feel like we're kind of in a correction consolidation. 297 00:40:52.020 --> 00:40:58.500 Jeffry Turnmire: i'm not saying tom's wrong, but I feel like we have a little more consolidation to do before we can break out higher again I do. 298 00:40:59.250 --> 00:41:10.620 Jeffry Turnmire: I am with him on the fact that will probably see 150 to 200 area probably going into the last half of the year, maybe into the holidays, so that that kind of is out there on the radar and then. 299 00:41:11.220 --> 00:41:21.420 Jeffry Turnmire: gold broke the downtrend I mean it has a trend line of lows it broke down it's coming back up to test it, this will be a key point, right here for gold if it can break back above that. 300 00:41:21.750 --> 00:41:32.430 Jeffry Turnmire: that's going to be bullish if it bounces off down we're going to see lower prices on gold again so and then you specifically asked me to touch on crypto briefly so i'm going to touch on that Celeste. 301 00:41:33.960 --> 00:41:40.230 Jeffry Turnmire: we're consolidating right here in this bubble i've had that bubble on there for three weeks back when we were up here. 302 00:41:40.950 --> 00:41:46.170 Jeffry Turnmire: And we're just kind of consolidating hanging out right there, and one of the interesting things about it is. 303 00:41:46.740 --> 00:41:55.200 Jeffry Turnmire: there's there's what's called a having ratio in the mining of bitcoin and back in 2019 we were hanging out around $3,000 for a bitcoin. 304 00:41:55.860 --> 00:42:05.010 Jeffry Turnmire: In early 2020 there was a having cycle which the payout rate for mining bitcoin dropped in half that's why they call it a having and we. 305 00:42:06.000 --> 00:42:16.590 Jeffry Turnmire: Actually rallied up 30 times the price that we saw on bitcoin at that point, and now we've dropped back to where we're about 10 times now, historically, through the having cycles that have occurred since bitcoin started. 306 00:42:17.160 --> 00:42:27.990 Jeffry Turnmire: Price tends to increase by 10 fold in a having so we could bounce around here in the 30,000 area, you know fluctuate up and down in the 20s in the 40s for. 307 00:42:28.530 --> 00:42:42.180 Jeffry Turnmire: Until we get to the next, having which isn't going to occur until 2024 but then there's the potential for this to 10 times the price again, so we can see $300,000 prices on bitcoin that's a that's just kind of thrown in there. 308 00:42:43.470 --> 00:42:48.480 Jeffry Turnmire: Of course, the charts will i'll tell, I have a service that I go through these charts every every single week. 309 00:42:48.870 --> 00:42:59.880 Jeffry Turnmire: And I keep track of 42 different crypto charts and almost every single one of them hit downside targets this last week so i'm kind of expecting us to find a bottom in the next couple weeks in crypto. 310 00:43:01.050 --> 00:43:01.530 Jeffry Turnmire: Great. 311 00:43:02.250 --> 00:43:03.450 Roger Scott: Rain analysis Jeffrey. 312 00:43:03.600 --> 00:43:14.160 Celeste Lindman: Very great analysis and yeah so his YouTube channel Roger put it in there correctly so make sure you go in there follow that and also Jeffrey has a weekly event that he does on Tuesdays. 313 00:43:14.460 --> 00:43:16.590 Celeste Lindman: Really, full of great information. 314 00:43:16.980 --> 00:43:32.010 Jeffry Turnmire: And we saw that live on YouTube to the the Tuesday event so it's just it's kind of like this, but it's just me so occasionally a guest, but I sit here and do 30 minutes of charts and analysis and predictions, and I think a lot of my followers will tell you i'm bang on a long time so. 315 00:43:32.730 --> 00:43:45.570 Celeste Lindman: I want Jeffrey has the best followers I mean they just love what he does and y'all that are here in the audience you gotta go check out his website check out the YouTube it's really, really good. 316 00:43:46.050 --> 00:43:54.450 Celeste Lindman: really appreciate all that information hey mark a really glad that you're here back with us and you know we're kind of spilling the beans, a little bit you've got some good patterns, to show us but. 317 00:43:54.660 --> 00:44:01.500 Celeste Lindman: You know, as you get into that can you tell us you know how are you approaching this market, right now, you know there's a lot of volatility what's going on. 318 00:44:02.400 --> 00:44:06.090 Markay Latimer: yeah let me i'll steal the screen share if you don't mind. 319 00:44:06.240 --> 00:44:08.850 Celeste Lindman: Absolutely take it away alright cool. 320 00:44:09.030 --> 00:44:21.930 Markay Latimer: yeah it's like I said earlier, there's just so much garbage going on in the markets, right now, and I know like you get the, the world is ending to the it's not a big deal to the I mean it's just it's just. 321 00:44:22.380 --> 00:44:27.720 Markay Latimer: To me it's just too much I can't figure it out, I it's just insane and so. 322 00:44:28.650 --> 00:44:35.970 Markay Latimer: All the I say that because I feel like the markets never do what they're supposed to do what we think they should do, I mean and honestly I mean the markets. 323 00:44:36.240 --> 00:44:45.150 Markay Latimer: should be taking that they should be right high inflation, the supply chain issues, the cost of goods all of that stuff sure all of that inflation, yes, they should be going down. 324 00:44:45.600 --> 00:44:47.340 Markay Latimer: But also we've got that other side that. 325 00:44:48.240 --> 00:45:02.190 Markay Latimer: Why is this any worse than what we had during the covert shut down where we're at officially luck to everybody down right, and so you there's all of these sides and here's where I always come back to I figure, there are plenty people way smarter than me the configure all of this out. 326 00:45:03.240 --> 00:45:08.340 Markay Latimer: But whatever those people are doing and I do believe there are people that kind of know what's happening right. 327 00:45:08.370 --> 00:45:17.010 Markay Latimer: That they they've got it figured out they know what they're doing, and this is calculated and maybe they're making money on the way down and I bet those same people will make money on the way up. 328 00:45:17.490 --> 00:45:27.720 Markay Latimer: So we can just chill and not get sucked into all of the new is because I mean let's face it, I keep thinking it can't get any worse and then every day. 329 00:45:30.120 --> 00:45:39.930 Markay Latimer: I mean what coven happened he can't get worse than this oh yeah as far as like news and headlines and things you know and somebody is asking about the monkey flu and all that and i'm just like oh. 330 00:45:40.350 --> 00:45:44.040 Jeffry Turnmire: Oh hey you're not you're not going to tune in the news if it's not worse tomorrow. 331 00:45:44.070 --> 00:45:44.940 I mean, I know. 332 00:45:46.020 --> 00:45:46.290 Markay Latimer: I mean. 333 00:45:47.130 --> 00:45:57.870 Markay Latimer: Look i'm a PR graduate my my degrees in public relations in the college of communications and it is all about dividing you and creating you know attention grabbing headlines. 334 00:45:58.140 --> 00:46:01.440 Markay Latimer: Because then i'm good sales if they don't cause for your fear right so. 335 00:46:01.950 --> 00:46:08.520 Markay Latimer: At some point, you just have to get off that roller coaster and just stop because it's not going to make you money that's going to stress, you out. 336 00:46:08.760 --> 00:46:18.870 Markay Latimer: Know turn off the news and just stop and look at the charts and the charts are telling us a story that is not the same thing that we're seeing in the headlines and I think this is what Roger and Jeff and Tom they're all saying right it's not. 337 00:46:19.290 --> 00:46:26.520 Markay Latimer: The pictures aren't what we're hearing and there are bearish moves for sure, and I think there's still money to be made to the downside. 338 00:46:26.910 --> 00:46:37.410 Markay Latimer: But I also think we're getting closer to a bottom and I think there will be money made to the upside so my big thing in crazy weird markets like this is just try to filter it all out. 339 00:46:37.980 --> 00:46:43.080 Markay Latimer: And then go to the charts because these people that know more than I know about all these different moving parts. 340 00:46:43.350 --> 00:46:51.690 Markay Latimer: they're buying and selling stocks and those people are also making money in the markets, so why don't we just follow them and right on their coattails right that's what I have to do, I just have to. 341 00:46:52.050 --> 00:47:01.050 Markay Latimer: Just calm everything down so, then I go to that idea that stocks are just they often get overbought and oversold. 342 00:47:01.770 --> 00:47:06.120 Markay Latimer: or a savior yet your wife turned all that yeah you guys are both turn the news off smart. 343 00:47:06.660 --> 00:47:10.620 Markay Latimer: But things will overreact and they'll get overbought and they'll get oversold right and so. 344 00:47:11.070 --> 00:47:23.580 Markay Latimer: i'm trying to catch that overbought and go bearish well it sells off and then I want to catch things get way oversold and go bullish and i'm watching for stocks bottoming and I love these stocks that Roger reveled offer awesome so. 345 00:47:24.060 --> 00:47:37.410 Markay Latimer: So, like, I mean, I just have docusign on my chart I mean this is one that they got a little bit of an upswing in a downtrend they're kind of chopping around almost ready to throw a bearish engulfing Am I get a trade on these guys if they. 346 00:47:37.950 --> 00:47:45.060 Markay Latimer: kind of break out of a little rectangle pattern right but let's go to like Roger brought up you brought people. 347 00:47:45.330 --> 00:47:46.260 Markay Latimer: Together, yes, pretty cool. 348 00:47:49.980 --> 00:47:59.160 Markay Latimer: yeah so let's look at that there we go, so I like PayPal and i'm longer term like Roger i'm more bullish on PayPal but PayPal today gapped up now why I don't even know. 349 00:47:59.430 --> 00:48:05.940 Markay Latimer: I didn't even bother to check, but the gapped up and The thing is, they couldn't continue to move higher. 350 00:48:06.360 --> 00:48:15.030 Markay Latimer: And I know that because there's, not even a Wick above the opening price they gapped up and started to sell off, so why not take advantage of that from a training perspective. 351 00:48:15.390 --> 00:48:25.080 Markay Latimer: I can be bearish and make a little bit of money on the way down because the stock opens here, you know what post 8483 and change and it's already trading down at 7855. 352 00:48:25.470 --> 00:48:39.870 Markay Latimer: Those are the moves that i'm looking for and it doesn't necessarily have to be a day trade right these moves are happening, you know, a couple a couple of days to three days is kind of where my trading time frame is right now. 353 00:48:41.940 --> 00:48:47.280 Markay Latimer: Mark haynes J let's see Jay you can bring that up a love mark yes. 354 00:48:48.120 --> 00:48:55.620 Markay Latimer: way back in those days right back of the cnbc marking markings days all right, let me show you apple here was a trade that. 355 00:48:56.010 --> 00:49:01.170 Markay Latimer: That we did the other day, and my coaching group, but it was this was Tuesday. 356 00:49:01.500 --> 00:49:07.860 Markay Latimer: If you remember the headlines from Tuesday, which I don't, but they were everybody was talking bullish right everybody was happy. 357 00:49:08.130 --> 00:49:14.910 Markay Latimer: All the news channels markets are up you know the CBC is the fox business is the Bloomberg markets REP everybody was happy. 358 00:49:15.570 --> 00:49:22.050 Markay Latimer: But look at apple technically, this is a resistance it's a stock that rally to a resistance that is in a downtrend. 359 00:49:22.350 --> 00:49:29.760 Markay Latimer: On long term very, very bullish on apple I think they will be able to overcome all of this supply chain issues and all that they're smart right. 360 00:49:30.180 --> 00:49:41.250 Markay Latimer: However, it doesn't mean we can't make money on the way down so they got overbought overextended a great doji right here at a moving average, this is what I call the bearish version of the retirement pattern, by the way. 361 00:49:41.550 --> 00:49:47.400 Markay Latimer: And they broken down, so these sorts of things on there were a couple others do this ever let's see. 362 00:49:53.730 --> 00:50:07.590 Markay Latimer: Never do anything with TT who does this I don't trade it a lot, but it came up the other day, is an earnings gap, so this to me, is something that's overextended right, so they pop up there really bullish. 363 00:50:08.160 --> 00:50:11.940 Markay Latimer: And they started this gap fill so it's kind of twofold it's a. 364 00:50:12.390 --> 00:50:20.970 Markay Latimer: Over extended to the upside sort of a trade also with the bearish market this break down below 120 This is just starting today. 365 00:50:21.180 --> 00:50:29.430 Markay Latimer: And they have more room to go to fill their gap, but again it's a stock that went really high off of earnings and, should it be priced that high. 366 00:50:29.880 --> 00:50:41.190 Markay Latimer: I don't know I don't even care, but not I don't even have to look at the fundamentals, just to know that hey the buyers weren't continuing to come in to take two so that gives us our bearish entry. 367 00:50:41.640 --> 00:50:46.050 Markay Latimer: Another one that i've had on my watch list and it took days and days. 368 00:50:46.410 --> 00:50:54.840 Markay Latimer: Was upstart there are a couple things i'ma show you they got over extended to the downside, so they get down on earnings and they've been working their way higher. 369 00:50:55.110 --> 00:51:01.710 Markay Latimer: But I kept waiting, then for the bearish turn because they know things go too far, one way, and then they go too far, the opposite way. 370 00:51:01.980 --> 00:51:12.600 Markay Latimer: So here for the last couple of days i've been waiting and waiting as it's been moving higher and higher and it just the candle bodies are getting smaller and smaller and it's right here at a 10 moving average yesterday. 371 00:51:12.870 --> 00:51:18.600 Markay Latimer: Well, today was the signal that yeah Finally it hit overbought levels and now upstart is dropping. 372 00:51:18.930 --> 00:51:28.020 Markay Latimer: So it's those kind of overextended and way oversold stocks that I think can work really well in these markets and all the while, things will come down, and we will get a bottom and. 373 00:51:28.380 --> 00:51:39.300 Markay Latimer: We know bottom as a process, not an event right it's a it could take days or weeks or months but is happening so that's kind of where I go just kind of calming down and and looking at some of the extremes. 374 00:51:39.690 --> 00:51:45.720 Markay Latimer: But, but here check this out i'll show you i'll show you this i've got a couple of slides i'll go through them real quick. 375 00:51:46.320 --> 00:51:52.980 Markay Latimer: But just because I do have a class that i'm teaching more about this today, if it wants to load so it's just this it's a. 376 00:51:53.640 --> 00:51:57.990 Markay Latimer: This masterclass that I want to invite you guys all to come in, I think you'll love it. 377 00:51:58.320 --> 00:52:09.180 Markay Latimer: i'm taking you don't trade it a lot of bear markets have traded a lot of bull markets have traded a lot of choppy markets and so put all this stuff together into this class that we're calling bear flee should break down. 378 00:52:09.750 --> 00:52:18.240 Markay Latimer: Is kind of a funny title, but if we know it's, this is a big deal right, this is really serious and we know that a lot of traders accounts, we. 379 00:52:18.570 --> 00:52:23.160 Markay Latimer: may not survive, you should you guys are here with a great team of people, you will be fine. 380 00:52:23.520 --> 00:52:34.290 Markay Latimer: But I know people that won't be and I don't want that to be you don't want that to be you guys, none of us do we're all here doing this we know the markets, we can guide you through the craziness. 381 00:52:35.100 --> 00:52:44.400 Markay Latimer: And just keep in mind, you know this feels tough it's not just you, these are different tough markets but kind of at the end of the day, it's really playing out like a lot of. 382 00:52:44.820 --> 00:52:56.280 Markay Latimer: bearish markets do right this this volatile big swings down and also big swings up so really is a good time to kind of step back and make sure you understand your charting so here's what i've done. 383 00:52:56.700 --> 00:53:07.110 Markay Latimer: If you guys want to join me today, you get this 30 page fearfully should report, by the way this class is so inexpensive you're going to love it but i'll tell you in a moment, but you get this report. 384 00:53:07.470 --> 00:53:15.780 Markay Latimer: That will give you the important patterns, to avoid so you don't get fake down like how many people went bullish on Tuesday right before the markets broke down. 385 00:53:16.380 --> 00:53:27.240 Markay Latimer: I know Jeffrey didn't Roger wasn't doing that, but some people were and I don't want that to be you so we're going to give you these patterns that you want to watch that will keep you from getting kind of faked out. 386 00:53:27.840 --> 00:53:39.270 Markay Latimer: give you some good market signals bear market strategies, how to place bearish trades you're going to get stocks and etfs watch list, so this is going to be like a guide of reference guide that you can refer back to. 387 00:53:39.690 --> 00:53:51.780 Markay Latimer: And then we have three different scanners, that you can build in finances, which is free, so you can build these scanners, with a bullish insider scan smart money scan and then it's bear fruit, but bear fishin shield. 388 00:53:52.350 --> 00:54:04.470 Markay Latimer: And all this is just 25 bucks and the biggest part of this is today at 2pm Eastern i'm going to meet and just we're going to break down the charts i'm going to show you show you how to filter out the news. 389 00:54:04.800 --> 00:54:14.970 Markay Latimer: Just chill look at the charts and let that drive your decisions rather than getting emotional and you know reacting to things that you don't need to. 390 00:54:15.330 --> 00:54:26.250 Markay Latimer: So 25 bucks today at 2pm will beat for a good hour i'll stay as long as you have questions and you get the verification report and you get those three scans so check it out, if you love to join me. 391 00:54:27.150 --> 00:54:34.560 Markay Latimer: Please do i'd love to have you it's mark a lot of our trades comm slash bear or you can just call this 855 number, and they can get you signed up as well. 392 00:54:35.280 --> 00:54:39.630 Markay Latimer: All right, Nice you'll be there awesome cool yeah so check it out come and join me that's what I got for you. 393 00:54:40.140 --> 00:54:50.910 Markay Latimer: I love the charting piece, because the charting piece keeps me sane it keeps it keeps me focused on what is important, rather than getting sucked into the news because I know those headline writers and they're good. 394 00:54:51.930 --> 00:54:55.530 Celeste Lindman: yeah and even if you can't be there at two o'clock it's recorded right and maybe. 395 00:54:55.530 --> 00:54:55.860 Markay Latimer: That is. 396 00:54:56.100 --> 00:55:07.710 Celeste Lindman: As long as they pay the entry fee instead of you know, go into lunch or something they get that recording in the habit forever all those patterns all that scan how to I mean that take they take that scan forever the three scans. 397 00:55:08.040 --> 00:55:12.720 Markay Latimer: Right yeah absolutely yeah you have scans forever you're recording forever that. 398 00:55:13.110 --> 00:55:22.530 Markay Latimer: Your cheat sheet guide you'll have that forever So do you know it's just sign up today and then it'll be there for you as soon as it's done, and done kind of processing it's maybe you'll. 399 00:55:22.800 --> 00:55:27.750 Markay Latimer: I don't know, maybe half hour after class you'll be emailed the lake to watch the recording and. 400 00:55:28.500 --> 00:55:43.440 Markay Latimer: yeah and then let's see so question here Oh, how long will it be it'll be a like I said a good, solid hour, but I always stay as long as you guys have questions so if I feel like you're still learning if there's more I can show you if you need a little help i'll stay as long as you need. 401 00:55:44.100 --> 00:55:46.800 Jeffry Turnmire: More okay that sounds like it's half the price of anything I do like that. 402 00:55:48.270 --> 00:55:55.140 Markay Latimer: I know it's it's a big the least expensive thing that we've ever offered so almost almost. 403 00:55:55.500 --> 00:56:04.380 Celeste Lindman: Well, what an incredible class, you know I looked over the content of it market earlier, like last night, it was it's just fabulous I love the name I think that's so appropriate you. 404 00:56:04.620 --> 00:56:08.640 Celeste Lindman: y'all are you talking about this, you know bear inflation is perfect name because that's really. 405 00:56:08.910 --> 00:56:16.950 Celeste Lindman: What is causing this which from supply chain and all these things are all the various theories will read about in the textbooks, you know, a couple years from now, but this class. 406 00:56:17.220 --> 00:56:26.100 Celeste Lindman: is going to help to change the way you're going to trade from this day forward, I mean this day for because the classes at two o'clock even if you can't be there you're going to get that recording. 407 00:56:26.460 --> 00:56:30.330 Celeste Lindman: But you're going to get those scans they take you get to take those forever with you. 408 00:56:30.570 --> 00:56:40.350 Celeste Lindman: you're going to be able to avoid the fake outs you're going to see these patterns, I mean take the noise out of it, just like mark a saying take the news out of take the noise out and just look at patterns. 409 00:56:40.680 --> 00:56:54.300 Celeste Lindman: play some jazz music and just look at the patterns on on your screen and don't listen to the talking heads, except for listen to these people here but get signed up, you can call 855-641-4249 or go right there to mark a lot of your trades. 410 00:56:54.570 --> 00:57:00.000 Celeste Lindman: comm slash bear I think it's gonna be a fantastic way to spend Friday afternoon. 411 00:57:01.200 --> 00:57:01.350 Celeste Lindman: and 412 00:57:01.650 --> 00:57:02.820 Markay Latimer: I love it i'm excited for it. 413 00:57:03.210 --> 00:57:09.480 Roger Scott: it's gonna be a great class I can't wait to see the the material, I know that you're into all these patterns and i'm really into them and i'm doing a lot of coding in. 414 00:57:09.570 --> 00:57:13.710 Roger Scott: into them and I can't wait to share that with you, but this will be very interesting, this will. 415 00:57:13.710 --> 00:57:16.770 Roger Scott: be very, very exciting, especially with the volatility we're seeing right now. 416 00:57:17.250 --> 00:57:28.530 Markay Latimer: I love that I love that we're all on the same page here the same stocks were talking about some stocks we're looking at as far as just it's just that adding one other layer to what maybe you're already doing just looking at handling. 417 00:57:28.920 --> 00:57:33.300 Markay Latimer: What may become a bear market, but may not but either way there's opportunity. 418 00:57:33.750 --> 00:57:34.320 yeah. 419 00:57:36.420 --> 00:57:41.820 Celeste Lindman: yeah I like what you said to Roger on your the Roundtable that you all had was on Wednesday. 420 00:57:42.480 --> 00:57:45.660 Celeste Lindman: morning it was really good to that you all were talking about hey you know what. 421 00:57:45.960 --> 00:57:54.000 Celeste Lindman: We hear in the this Community here have asked the pros and DTI well for us mark a lot of me or you know Jeffrey turn my trading. 422 00:57:54.210 --> 00:58:02.550 Celeste Lindman: You know we're really not having inflation, but we are making trades that are you know netting people some great results on that so. 423 00:58:02.820 --> 00:58:13.110 Celeste Lindman: The fact that you can get into this class for $25 is incredible it's well worth the money you know take advantage of it before inflation does hit here but yeah. 424 00:58:13.200 --> 00:58:15.870 Markay Latimer: good way to end the week we'll get you set up for next week to. 425 00:58:16.380 --> 00:58:19.710 Celeste Lindman: Absolutely next week and how about the summer months coming up yeah. 426 00:58:19.950 --> 00:58:23.580 Celeste Lindman: I love the thing that we haven't talked about but I bet you those patterns. 427 00:58:23.820 --> 00:58:31.020 Celeste Lindman: are going to play out really, really well come June, July August and into September so i'm going to get those patterns you better believe it. 428 00:58:31.260 --> 00:58:37.680 Celeste Lindman: You know I tell you mark a that one pattern, it was the gap pattern you showed I don't know it's been a couple months ago that's been so helpful. 429 00:58:37.830 --> 00:58:48.660 Celeste Lindman: All of these things, all of these ways to look at the market are so helpful I hope they're helpful to you all there in the audience as well, so thank you mark a thank you everybody for being here with us today thanks Jeffrey thanks. 430 00:58:49.200 --> 00:58:54.900 Celeste Lindman: Roger and Tom and anybody else have anything else to say mark a any final comments. 431 00:58:54.930 --> 00:58:57.420 Roger Scott: No i'm just glad that I have some people agree with me, finally. 432 00:58:58.680 --> 00:59:01.170 Roger Scott: See welcome change, I thought I was the only one on the island. 433 00:59:02.310 --> 00:59:03.720 Markay Latimer: don't let it go to your head Roger. 434 00:59:05.250 --> 00:59:14.310 Celeste Lindman: that's all right, all of you signed up for mark a class right there the link is there, get it, and if you can't be there don't worry don't sweat it. 435 00:59:14.580 --> 00:59:24.990 Celeste Lindman: All the great content is going to be there and you're going to have it for life, all summer long every year after year after year, so anyway, everybody have a great weekend and we'll see you all next week on ask the pros. 436 00:59:25.590 --> 00:59:28.860 Roger Scott: Thanks everyone have a great week and stay out of trouble and don't. 437 00:59:28.950 --> 00:59:32.070 Roger Scott: increase your position size volatility is still very high. 438 00:59:32.220 --> 00:59:35.850 Roger Scott: Lower your exposure, regardless of what the market does. 439 00:59:35.970 --> 00:59:37.770 Roger Scott: Very important something I forgot to tell you. 440 00:59:38.250 --> 00:59:43.170 Celeste Lindman: Good words good words all right, everybody will see you next week have a great weekend you too bye. 441 00:59:43.530 --> 00:59:44.730 Roger Scott: bye okay bye Jeffrey.
1 Comment
Thank you for the invitation.