On this last full trading week of 2023, our panelists discussed the nearly 8 week long market rally — the longest since November 2017 — and the likelihood, as well as the necessity, of a market pullback.
On this week’s show: Graham Lindman, Guy Cohen and Jeffry Turnmire.
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►Click To View This Episode's Transcript◄1 00:00:00.000 --> 00:00:01.490 Started. We'll let the others 2 00:00:01.900 --> 00:00:26.209 Celeste Lindman: get here. And in the room, you know, technology is always great. We're, of course, having some technological issues here this morning, so we'll chat here just a little bit, and I know those guys will probably be able to get in here and get joined with us in just a few minutes. But I want you all to be able to get ready and grasp some material, because next week we've got holidays markets gonna be closed. I know you know this. Well, a lot of people are heading out today. Got lower volumes 3 00:00:26.230 --> 00:00:51.100 Celeste Lindman: in the market a holiday on on Monday. You know. Markets up and down, closed up and down volume the holiday the following week, with New Year's so. But there's a lot that's going on. And we're gonna talk a little bit about that today with. And not only today during the 120'clock session, but I'm also gonna be talking about it at 10'clock, so I'll just go ahead and make that little plug. Now, while we're waiting 4 00:00:51.100 --> 00:01:14.420 Celeste Lindman: for Jeffrey and Guy to get into the room. So join me because we'll continue that conversation. And it's not so much something that you have to be glued to the computer about, but that you just need to be aware of, so that whenever you come back to trading, whether you're gonna trade next week or into January, you're gonna have more knowledge and more tools ready to go after those markets and do that. And here they are. 5 00:01:14.420 --> 00:01:25.469 Celeste Lindman: Now I can stop talking about them behind their back. Graham, we can get started. We don't talk about them anymore. We got Guy Cohen. We got Jeffrey Turnmayer welcome. Everybody say, Hello! 6 00:01:26.280 --> 00:01:27.110 Jeffry Turnmire: Hello! 7 00:01:27.370 --> 00:01:35.900 Celeste Lindman: Alright. Okay. We did have Guy Nikki. There is 8 00:01:37.230 --> 00:01:50.060 Celeste Lindman: you are good. You're good. So alright. Well, let's get the show on the road. I'm just gonna share a screen here real quick. Hello, everyone! Santa's on his way. Yeah, what's gonna happen in the market? Let me? 9 00:01:50.340 --> 00:01:52.619 Celeste Lindman: Well, I thought I was sharing the screen. What did I do? 10 00:01:53.210 --> 00:01:55.220 Celeste Lindman: Share screen. 11 00:01:55.270 --> 00:02:02.779 Celeste Lindman: You cannot share the screen. Oh, oh, thanks. Okay. Now we. So we'll have to go and order. Let's see, let me try this 12 00:02:03.670 --> 00:02:05.039 Celeste Lindman: da da da 13 00:02:05.520 --> 00:02:33.190 Celeste Lindman: and I was only really just gonna share this to show that we do have markets going on. And it was just interesting because of the big markets that the Nasdaq, the Dow, and the S. And P. 500. I just noticed that today the dow looks the strongest. So I thought, well, what's going on in the dow? And these are just just. This is just a picture of some of the stronger stocks on the week, just on this week as we go into 14 00:02:33.190 --> 00:02:56.699 Celeste Lindman: the holiday season. But while we're on that real quick, just let me just say that there is risk in the market. You all know it. We know it. It's it's it's not easy out there. We work hard to make money in this market, and that's why we come back week after week, we try to share tips and tools that we're using, that help us do just that and help to minimize our risk and help us to get on that right side, and we're trying to share those things with you. We don't have any guarantees. 15 00:02:56.700 --> 00:03:04.310 Celeste Lindman: none of that in the market so you can lose money. You want to make sure you understand whatever you're trading before you ever click that mouse 16 00:03:04.310 --> 00:03:32.350 Celeste Lindman: cause you wanna be able to always have money to come back within trade on any given day. But that's just a list you can take a picture of. And I can. I'm gonna stop sharing that right now. We'll just get to our faces here and say, Hey, guys, let's just kinda start the conversation first of all with, you know. Next week we got these holidays. How should people be approaching next week? What do you think, Jeffrey? Turn Meyer? 17 00:03:32.350 --> 00:03:35.020 Jeffry Turnmire: There you go! You know. 18 00:03:35.330 --> 00:03:58.990 Jeffry Turnmire: traditionally, Thanksgiving week and Christmas week and New Year's week being holiday weeks. It's always low volume you know, window dress. A lot of window dressing going on, particularly in Christmas New Year's timeframe. And just after the New Year, every everything's like a clean slate for all these hedge funds and stuff like that. So you have to get to remember what they're doing right now is trying to clean up 19 00:03:59.190 --> 00:04:11.699 Jeffry Turnmire: their books and everything. So those those new newsletters and updates that go out first of the year are all you know. Make them look good, and then they start persuas positioning themselves for the New Year. And what's gonna take off so 20 00:04:11.730 --> 00:04:17.190 Celeste Lindman: we could see a shift in the market, I guess you would say, Yeah, gonna be interesting. What are your thoughts, Graham. 21 00:04:17.480 --> 00:04:40.749 Graham Lindman: Yeah, I mean, kind of similar to Jeffrey. I'm still I'm loving this rally, and I think we continue I we might get some sort of slight pull back here in the New Year. But I'm still full on Bullish. I'm loving that. That PAL came out, and, you know, hinted at the rate cuts, because if you were to ask me before the meeting I would have said, No, he's gonna come out and say things are going. Great plan, you know. Everything's going to as planned. Why would we touch the rates? 22 00:04:40.750 --> 00:05:01.339 Graham Lindman: But I think the market's getting pretty excited about, you know, cheap and rates next year. There we go. Good good stuff, Guy Cohen. Good to see you back in your office and glad that everything's functioning back, and I'm really super glad that it worked out that you could come back this week, because we know you had a lot of value to share. So you know, what are your thoughts going into next week? How people might look at the markets? 23 00:05:01.400 --> 00:05:07.169 Guy Cohen: Thank you. So look it. It's Christmas week. So there's 24 00:05:07.460 --> 00:05:28.070 Guy Cohen: Jeff said, that there's been a clean up and all that kind of stuff going the way I see it is this, we are overboard right now. We will have a meaningful retracement, but that's what I think it'll be. I think it'll be a retracement sometime in early, is what I'm looking for. I'll show you exactly what I think. The market structure will be. And we're pretty good at this kind of thing. 25 00:05:28.070 --> 00:05:40.620 Guy Cohen: and that pull back will give us a lot of opportunity. So that's what I'm looking for, cause you can't keep going, you know, parabolic like this, particularly on the indices. It just doesn't happen. It never happens. It won't happen this time, either. 26 00:05:40.620 --> 00:06:10.040 Guy Cohen: so there will be a flushing out. There will be profit taking. There will be, you know, just because in traits are possibly peaking on the way out doesn't mean we just keep on going exponentially up. It's never happened before, and it won't happen again now, so II will show you exactly what I think. The market shake will be over next bit. Now, obviously I put my neck on the line. You can see what I'm an idiot or not, but we're good at market timing and there is. There's such a thing called market structure, and we will have a pull back. 27 00:06:10.040 --> 00:06:19.759 Guy Cohen: It will be meaningful, maybe 8%, maybe a bit more. But after that I do expect 2,024 to be a bullish year overall as well. 28 00:06:19.830 --> 00:06:44.139 Celeste Lindman: Alright great! Well, we are really good at putting our next out there, so let's keep at at that. And let's keep doing that. Let's talk a little bit more about January, and you guys have alluded to some things there in January, maybe get a little bit more specific. What are you thinking? You know? What should traders do? Kind of first week getting back in January? How should they approach January? What is your approach to January? What are you thinking? A little more details? Maybe 29 00:06:44.220 --> 00:06:47.260 some specifics. We'll go start with you, Jeffrey. 30 00:06:47.560 --> 00:06:51.780 Jeffry Turnmire: Yeah. So right now, I'm I'm kind of focused on the fact that 31 00:06:51.830 --> 00:07:01.410 Jeffry Turnmire: the spot Bitcoin Etf situation is about to get approved. Fox News said they have it on a good authority. I guess you might say that 32 00:07:01.820 --> 00:07:12.590 Jeffry Turnmire: the Scc. Is telling them on or before January tenth we're going to get a block of these Etfs. Get approved. and that's going to create instant 33 00:07:12.830 --> 00:07:14.570 Jeffry Turnmire: supply. 34 00:07:14.800 --> 00:07:17.979 Jeffry Turnmire: you know, disappears out of the Bitcoin market. 35 00:07:18.060 --> 00:07:29.810 Jeffry Turnmire: It's just gonna get soaked soaked up and sucked up into these Etf's, and as money flows into that situation we could see an exponential run on Bitcoin, and that's kind of what's got my focus. Through the first couple of weeks of January. Really. 36 00:07:29.890 --> 00:07:38.199 Jeffry Turnmire: then, we gotta reevaluate because we have the having event coming up later in April. At this point. It's kind of firming up for April nineteenth, twentieth. 37 00:07:38.270 --> 00:07:40.829 Jeffry Turnmire: It'll be flexible a little bit based on the 38 00:07:40.840 --> 00:07:43.610 Jeffry Turnmire: on the mining and 39 00:07:43.810 --> 00:07:56.999 Jeffry Turnmire: the block mining rate, but as it gets closer and closer. We'll have a you know. We'll firm it up to the hour and then to the minute of when that having event's going to occur, and that's where the miners get paid half as much for mining a block of bitcoin. 40 00:07:57.060 --> 00:08:01.009 Jeffry Turnmire: And so that's that's less supply hitting the market 41 00:08:01.410 --> 00:08:19.730 Jeffry Turnmire: the 4 times before. It's all been, you know, super super duper bullish cause creates a lot of excitement in that market, and that'll you know. So we may go through a lull. We may be a buy the news on the Bitcoin Etfs. We get an exponential run. We may come back to Earth a little bit, and then 42 00:08:19.810 --> 00:08:26.060 Jeffry Turnmire: we actually get, you know, something that takes off int020-25-2026. But we'll see where 43 00:08:26.100 --> 00:08:35.370 Jeffry Turnmire: one step at a time we'll see where we get to first. So that's what I'm paying attention to into January. Excellent. I want to hear more about that here a little bit later on, and anything else valuable. 44 00:08:35.370 --> 00:09:03.800 Graham Lindman: It is super valuable. When you open your mouth about all that. Graham, what are you? What are your thoughts? January. Take it away. Yeah, I think right now we have a pretty cool little breakout going on with the small caps like I kinda mentioned before. Love and what PAL had to say about interest. Rate cuts come in, and historically, the smaller companies are the ones that suffer the most when we have those high interest rates because they're dead expenses so high they can't grow at the rates they want. But now they're gonna be able to expand and grow much faster. And if you look at 45 00:09:03.810 --> 00:09:23.029 Graham Lindman: the the Iwm compared to the other indices following any bear market they have led every single time on the way out. Now, that didn't happen this year over the last year, and it's because we almost had like an inverse. Normally you get the a recession. Then they're they're cutting rates into the or into the bear market. But this time they were raising rates into the bear market. So I think that's why we missed out 46 00:09:23.070 --> 00:09:30.510 Graham Lindman: on it this time around. But I think now that the rates are gonna come back down to Earth, we're gonna see those small caps really boom. and I shared it in my telegram. 47 00:09:30.760 --> 00:09:53.959 Graham Lindman: A cool way, I think to play small caps is Tna is the ticker. It's a triple leverage. Small cap bull shares Tna. Now it's not perfect. There's a little bit of a decay. It it lags the index a bit similar to T. Triple. Q. If you're familiar with that. But I wanna what I really like about Tna is, if you're looking at those like leap longer term options, you can get a lot better bang for your buck 48 00:09:53.960 --> 00:10:11.109 Graham Lindman: on those right now than Iwm. So I ran some pricing on them. If you're looking at the January at the money calls. They're about half the price for an implied move as Iwm. So if we get a good move in the small caps, I think buying Iwm is great. It's awesome, but I think the Tna 49 00:10:11.150 --> 00:10:38.260 Celeste Lindman: longer term calls are much better. Bang for your buck if we do get that move. Interesting. Very good. Well, I like what you have to say, and I like what you were saying, too, about that small caps and very insightful. I think you probably had a really good teacher, Guy Cohen, tell us more about January what you're thinking and feel free to just take it away, too. And I know some people were even kinda typing in some questions. There to you, Guy, get a little bit more specific with this and and share with us. 50 00:10:39.040 --> 00:11:00.379 Guy Cohen: Okay, so January will be like any other month. I'll trade what I see nothing else. So all I ever do. I'm not gonna try and make predictions. I'm just gonna trade what I see now. I don't know how long I've got, but I'm gonna whiz through some things. I I've got something very special to show. Actually, let me show something first. I just wanna show you this. I don't know whether you recognize this person. 51 00:11:00.700 --> 00:11:05.010 Guy Cohen: Yeah. There she is! Look at that! Who's that? 52 00:11:05.090 --> 00:11:33.169 Guy Cohen: Who's that? There you go. Might like that. Satisfy some some ego that right? Let me just whiz through because II was gonna talk about being a line and not ahead of chicken and the quick market outlook. I went introduced myself. But it's all about, you know, being patient waiting for the right setup at the right time. And of course there are lots of different setups, lots of different strategies. I'll just show you on mine. Typically is my fundamental way of looking at the markets is through market timing 53 00:11:33.190 --> 00:11:47.070 Guy Cohen: and then stock selection. And then the trade plan. We won't go through the trade plan today. But if you think about it, if you can get market timing really good, then that means not only can you trade the indices like the Iw mtna, the spy 54 00:11:47.080 --> 00:12:09.469 Guy Cohen: queues dia's, and the options on those, and what I would say on the options is on the one X. You will get much lower, implied volatility, so you will pay more for the option, but you will pay a lot less in terms of implied. Vol. So the leverage actually ends up being more for the one X you'll you'll pay more for it. But the leverage is more as well, just a little different a distinction to make there. 55 00:12:09.470 --> 00:12:25.340 Guy Cohen: Now, market timing is great, because a you can make money on the indices in a cheap way through those indices, Etfs options as well. but also you can then trade stocks that correlate well with those indices, and get even more bang for your buck as well 56 00:12:25.340 --> 00:12:33.969 Guy Cohen: when it comes to our market timing. If you look at the arrows corresponding to what happened, the market, that was what we were saying. And then, if you look at these arrows. 57 00:12:34.290 --> 00:12:42.749 Guy Cohen: just take one where I went, Bullish, at the end of October, after little mini breakout, and just literally spy sorry guys 58 00:12:42.940 --> 00:12:51.480 Guy Cohen: spy deep in the money's 70 Delta March calls were going at 32 56, with an implied ball 59 00:12:51.480 --> 00:13:14.290 Guy Cohen: of just 22. So you're getting some very decent leverage. You look at the leverage multiple that we're getting there 8.4 2. So, Graham, one thing that we, you and I can do is we can compare that with the triple spy on that one and just see what the options you'll find. The leverage multiple was much less as well. This is just something we can talk about. You pay. You're exactly right, you pay less, but you won't get the leverage. 60 00:13:14.730 --> 00:13:22.729 Guy Cohen: You don't get the double digit there and then, when it goes up, look at, then it goes up to this point. Here. This is a very critical point. Above the 50 day moving average 61 00:13:22.880 --> 00:13:42.130 Guy Cohen: consolidates. We've got some other indicators that look bullish there and then. Look what happens to those options there at that point, there, that breakout point there, that option which was 32, 56 is now 50.4 3, and it gets even better, because then we get to today. And those same options 62 00:13:42.570 --> 00:13:47.480 Guy Cohen: are now at 79, 59. Now that's a 13% move 63 00:13:47.970 --> 00:13:54.889 Guy Cohen: in the spy from there to there to to day. But look how much the options have gone up from 32, 56, 64 00:13:55.010 --> 00:14:19.739 Guy Cohen: 79, 59. So it didn't. It was actually even got a better. You started off with a leverage multiple of 8.4. But you've ended up with, you know, 1112 multiple, because you're further on, deep in the money, they'll leverage multiple increases. You go on with time. So it's incredible. So you do a bit of what Graham's saying a bit of what I'm saying, and you time the markets like we do. You are going to be in really good shape now, I always just say just trade. What you see. 65 00:14:19.810 --> 00:14:42.970 Guy Cohen: stock selection is all about following what we call big money. Now, why do we do that? There's 6 big money footprints, these 2 here. No one else in the world has them. And we also look at key levels, cross and pole. They talked about being a lion, not a headless chicken. How do you be? A lion will wait for setups around those 50 and 200 key levels where they're not overbought. They're not overextended or on the way down they're not oversold. 66 00:14:42.970 --> 00:14:54.180 Guy Cohen: Why is that? Because the further up the mountain we get, particularly as it's gone parabolic, the more vulnerable we are to, you know, a, a, a collapse, and getting whipped sword around. 67 00:14:54.180 --> 00:15:03.590 Guy Cohen: So if you can follow those big money footprints at the right time in the market and at the right time, for those stocks get more consistent. You remove guesswork. I'll I'll remove, overwhelm. 68 00:15:03.610 --> 00:15:28.260 Guy Cohen: save time. But also you're tapping into potential, much more likely accumulation, and when you can tap into accumulation on the way up or distribution on the way down at safe levels. You have much better probability of getting to conservative first profit target. And then once you got to the first base that first profit target. Then the rest is nice. Isn't it much easier once you get to the point where you can't lose. 69 00:15:28.260 --> 00:15:51.760 Guy Cohen: So how do we do that? Well, we have this indicator called the options volatility indicator, the Ovi. This is where we're looking at potential position building, not unusual options activity. Everyone else is doing unusual options activity. And most of that, over 90% of that is intraday churn. Not that useful. So we're looking at what's more likely to be position building. Why? Because that's like accumulation on the way up or on the way down distribution. 70 00:15:51.760 --> 00:15:59.490 Guy Cohen: So we got the patents. And all this. I'm not gonna go into that. We haven't got time. And we got the actual empirical substance and proof as well. So we're going to that. 71 00:15:59.670 --> 00:16:01.720 Guy Cohen: But let me show you another 72 00:16:02.040 --> 00:16:05.420 Guy Cohen: piece of evidence of of 73 00:16:05.830 --> 00:16:20.209 Guy Cohen: accumulation distribution type of thing it's called shrinking retracence. This is unique to us. I think I wanted to show you this really nicely his surreptit. Look at that move there. If that move there is from 90 down to 62 pretty nice, you know, 40% move, and then you get a little move there 74 00:16:20.320 --> 00:16:23.129 Guy Cohen: right? And then you get a little move. 75 00:16:23.150 --> 00:16:29.229 Guy Cohen: You've got 3 moves that are declining in less and less, you know, with less and less magnitude 76 00:16:29.450 --> 00:16:53.689 Guy Cohen: that gets interesting, because what it's saying to you over different time periods is that the sellers might be beginning to run out of steam, and then you get other big money footprints starting to show up. Now a lot of the time that will show up as a reverse head and shoulders, or a head and shoulders. But it's really difficult to find, because the time of the first retrace might be completely different. The time of the second one and the third third often ends up, being some kind of consolidation. 77 00:16:53.690 --> 00:17:19.689 Guy Cohen: But now we've got big money footprint secure, you know, accumulating, and that's what it's showing us is that that's potential accumulation. We see it here with Ge. See the 3 arrows there, and you'll see the ovi changing color. This is on the way down. They Hershey's love, this one the way down last year, shrinking retracements, but this time on the way up, forming what most people would see is a head and shoulders. It's not a head and shoulders, it's shrinking upward movements. Running out of steam 78 00:17:19.690 --> 00:17:24.599 Guy Cohen: is neo same kind of thing. But look at the difference in time 79 00:17:24.599 --> 00:17:46.040 Guy Cohen: for each one, so one might happen in days. The other one happened in weeks. Tell them in months. But what you can see is sellers running out of steam buyers beginning to take over and guess what the leverage boys and girls getting busy on the Bullish side as well. Now you're tapping into potential accumulation. This is what we like to see, and it's so exciting when you see it. 80 00:17:46.040 --> 00:18:05.290 Guy Cohen: Now align that with key levels, why is that important? Well, it's not just because of Paul Tudor Jones saying that the 200 day moving average was the thing that you won't buy unless it's above that. It's just that you've got lots of eyeballs on it. And when you've got lots of eyeballs on something. You have potential increased supply demand shifts and inflection points. And 81 00:18:05.410 --> 00:18:34.439 Guy Cohen: you're not gonna be overboard or oversold at those levels. Up here you are. But down here you're not. And if you see these inflection points and big money footprints accumulating at these levels, you're more likely to be tapping into accumulation on the way up distribution on the way down for several of these reasons. So when you put these things together with Ge, this is Ge. Boring ge. Doubles pretty much neo a bit more exciting. You'd expect that to do something crazy. 82 00:18:34.440 --> 00:18:51.819 Guy Cohen: Hershey boring, but did something very exciting on the way down. So let's have a look at the 6 big money footprints. And now you see, the way that I will go through this, and all I care about is these, because I know I'm tapping into something that's much bigger, and that's the. And, by the way, no one else is doing it. So that's another big thing here. 83 00:18:51.820 --> 00:19:11.649 Guy Cohen: So let's look at surrept big money footprint number one is increasing volumes of volume acceleration, even before the price has really started to lift off. I like that, because that means that that volume in amongst the other big money footprints might might be accumulation volume. Now that's hidden. Yeah, the float won't change. 84 00:19:11.690 --> 00:19:28.529 Guy Cohen: The float will show nothing here. But in amongst these other big money footprints that might be people hoarding if they are hoarding, there's less shares around to be bought. So think about that. Then you get the price acceleration, big money, footprint number 2. Now you know that something's happening. This thing can 85 00:19:28.530 --> 00:19:56.889 Guy Cohen: move. It can have an effect with that volume. Interesting. Then we get the create the key level cross. So that's a 50 or 200 or other key level. That's important. And we're not overboard at this point, are we? So now we know that big players and alarms and alerts are going off all over the place. It's gone through the 50 day moving average. It's gone through the 200 day moving average. Let's look at this, Bob. What's going on? We need to be looking at this. It's it's gone through a key threshold. Nothing magical about it. 86 00:19:57.140 --> 00:20:02.419 Guy Cohen: It's just there's lots of eyeballs on it, and that's good news. People are now paying attention to this thing. 87 00:20:02.510 --> 00:20:25.159 Guy Cohen: Then you get the scarce information piece. That's the Obi. That's where we see in a different way to everyone else that there's potential accumulation going on with the options situation. Now, if if that is happening, you never know but you're building a picture here, you anthropomorphizing a chart. If that is indeed happening. Guess what's happening. People accumulating those and the market makers who have been selling 88 00:20:25.180 --> 00:20:42.199 Guy Cohen: the call options. In this case they've got 2 options to hedge their increasingly difficult situation. As the stock price rises. A. They can buy calls themselves to to mitigate their short calls, or they buy the stock, causing a hidden short squeeze, and it won't be seen 89 00:20:42.200 --> 00:21:00.710 Guy Cohen: just like float won't be seen. It's a hidden short squeeze they now have to buy in order to cover their short calls. Pretty interesting situation. Look at what's happening on the chart. You can see it all happening. Then we get another bit of scarce information which is the shrinking retracement. The downward moves are shrinking in terms of their magnitude. 90 00:21:00.840 --> 00:21:19.200 Guy Cohen: This is really interesting, isn't it? Now you just gotta find a great place to get in, IE. The breakout of a consolidation type of thing above a key level. There you go now. These consolidations of price are also matched with consolidations in Volume IE. Shrinking volume at the point of that sideways piece of the movement. 91 00:21:19.250 --> 00:21:29.209 Guy Cohen: Then, you know, there's not much selling action going on, and the next piece of buying will thrust this thing up, because now you've got an anthropomorphize view of a chart, you go. 92 00:21:29.210 --> 00:21:51.599 Guy Cohen: There's probably accumulation going on here. The buyers are taking over. This is big money footprints, and that's why you got that thing with surreptit. So when you ask what I like to look for. I just like to look for that. I don't care about anything else at any time, that's all I look for, and I wanna find it quickly. And that's how I be a lion and not a headless chicken. I'm not chasing these things that are going to the moon. 93 00:21:51.600 --> 00:22:13.540 Guy Cohen: I know I will have my shot again. I know I just had my shot, and I'm doing great as a result. So that's my way of doing it. I mean, that's not to say that by this is one of your guys. This is John. And he says, Well, he likes. What do we do, I'll just let let you read that one, but I think it's really cool now. I wanted to say one thing if I may. If I if you didn't give me some time here. 94 00:22:13.600 --> 00:22:16.710 Guy Cohen: At the moment we're pretty extended 95 00:22:17.300 --> 00:22:36.989 Guy Cohen: where we are in the market. But I do want to kind of show you what I think is gonna happen. Because that was part of what I know that you wanted me to do today. So I just wanted to say, here's what's going on. So we had to move down from July down to October. And now we've gone up a bit of this, and now we're way up here. 96 00:22:37.120 --> 00:22:50.810 Guy Cohen: What I think will happen is, you know, the if you look at where the 50 day moving averages it's way down here. What I think will happen is we'll come down to that in due course. Now, I can't give you the exact time. I'm not one of those kind of people. Even 97 00:22:50.810 --> 00:23:14.960 Guy Cohen: psychics can't give you time. Not that I believe them. But anyway, the point is that we will get a retrace when you just don't go parabolic on indices forever and ever. This will come to an end, and we're beginning to look a little bit frayed. I'm looking for a big reversal bar. We kinda got 1 2 days ago, but we're still pretty resilient even after that. But I see that as the first sign, first chink of of weakness that will come inevitably 98 00:23:15.000 --> 00:23:39.510 Guy Cohen: in the coming 3 weeks or so, and we will come down, and maybe it'll be 8%, or maybe it'll be 10 or 12. It'll depend on what the extent of these movements were from July down to October. But there will be market structure will form. And then, because of the basically benign environment with interest rates coming down election year, and other factors that look bullish. 99 00:23:39.740 --> 00:24:06.510 Guy Cohen: Once we get this retracement down in the main indices that are currently overboard. Then what I think will happen will kind of get some kind of consolidation which is great, or some kind of reversal patent big reversal ban, and then we'll steam back up again, and I think that 2,024 will be a good year. But you will get another chance to get into it. Inevitably, things just don't keep going up and up about. They just don't do that at some point where they will mean revert. 100 00:24:07.000 --> 00:24:20.679 Guy Cohen: So that's kind of it. From that point of view I could go through some stocks. But I don't want to interfere with other people's things, but as you can see here that bar from just 2 days ago. 101 00:24:20.760 --> 00:24:34.200 Guy Cohen: that was a bearish bar, and we've come right back up. But this kind of gapping up and gapping down is often a sign of tension that's come that's creeping into the markets. We saw it here back in July. 102 00:24:34.270 --> 00:24:40.020 Guy Cohen: We're still really strong on ovi that hasn't weakened yet, so we're probably not ready yet. But this is just the first 103 00:24:40.090 --> 00:25:05.390 Guy Cohen: warning shot across the bowels. This will not last forever. This, this up would this up would move so just be aware. Don't chase you will get your chance again with this, and I do expect some kind of, you know retracement down to some key levels at some point in time. And you know again I'm looking at this move. I'm looking at that move. I'm trying to figure it out as we go along. But until we get that 104 00:25:05.550 --> 00:25:24.849 Guy Cohen: that confirmation that we're going down, and at the moment that's your. This is your kind of support level. We've got to break down through that just to know that we're gonna actually go down, or to have a much better clue that we are. Until then it's really difficult to sort of try and look into a crystal ball and say, Oh, it's going to be 8%. It's going to be this, it's going to be that. 105 00:25:25.140 --> 00:25:50.020 Celeste Lindman: Yeah, yeah, that's a really great overview. And this is what I wanted folks to have. And I love that software that you have there. Guy, for obvious reasons, stuff and that re shrinking retracement and 106 00:25:50.020 --> 00:26:04.909 Guy Cohen: and being able to, you know, to scan on that. So it's really just just give me 20 s more. These are couple of your your buyouts. This is Sarah that happened recently. Look at this. That's inside our activity there. 107 00:26:04.910 --> 00:26:10.599 Guy Cohen: And that's what happened there I got. I got 3 for you. This is CYTK. Just happened literally yesterday. 108 00:26:10.600 --> 00:26:22.830 Guy Cohen: So that was kind of nice, a little bit faint, but that was obviously a nice one from yesterday. And there's one other Mertx that we had as well. This is one of yours as well in your buyouts column. But look what happened here, this really interesting, isn't it? 109 00:26:22.950 --> 00:26:25.850 Guy Cohen: Lots of insider activity there and then suddenly, womb. 110 00:26:27.100 --> 00:26:52.090 Celeste Lindman: that's the power of the stuff, anyway. Well, and I was just gonna say, I love the the simplicity of those indicators that you have, Guy. Obviously, that's why I love your software. And I love using it just like you were shown, you know, with the volley, you know th, this, the money footprints. It makes it. It just makes it easier to see things. But thank you so much, Guy, and I'm so glad that you were able to get on with us again this week, and I'm glad everybody that you were able to listen and see kind of what 111 00:26:52.090 --> 00:27:25.089 Celeste Lindman: he was talking about and being able to visualize where that pullback could happen, how it's going to happen, how it's going to set up for great opportunities. really. And that's what everybody's been saying here today. So let's keep it moving. Graham, why don't you share some of the opportunities that you're seeing for 2024? And and I think you might have a special ticker that people will also wanna write down on this one as well. So listen up, folks, yeah, definitely. Well, if you've been following along with my work. Obviously, you know, I've been bullish gold bitcoin and bonds, which is a little bit of a boring play, but it's been working out 112 00:27:25.090 --> 00:27:32.310 Graham Lindman: nicely for us. I think the people who took that Tmf, trade we had. It's a long term positions up 100 now. So that's awesome. 113 00:27:32.480 --> 00:27:44.090 Graham Lindman: But I do have something new for you guys in the small cap universe the ticker is CAVA. Kava. And it's right about lunchtime right now. So it's a perfect time to be talking about it. This is a restaurant 114 00:27:44.250 --> 00:27:47.090 Graham Lindman: that just they. They have multiple locations. 115 00:27:47.100 --> 00:28:00.270 Graham Lindman: but they just opened one here in Jacksonville. My wife and I are obsessed. We go like twice a week. It's amazing. It's basically your Mediterranean to pull a now, here's why I love the stock it recently, Ipo, back in June. It's coming back up to those Ipo levels. 116 00:28:00.360 --> 00:28:30.240 Graham Lindman: But here's what I love about it similar to Chipotle. This stock does not allow franchising, so it's all internal growth within. Now this place is always slammed, always busy. But I think something that held them back last year was those high interest rates a high debt expense. They couldn't afford to grow at the rate they wanted to. But I think going into this New Year as debt becomes cheaper and it come to be, it becomes cheaper for them to expand and grow. We're gonna see the stock really take off and and to pull it, I'm I'm calling it the Mediterranean Chipotle. Right now. It's about a 4 billion dollar market cap. 117 00:28:30.280 --> 00:28:50.200 Graham Lindman: So it's still pretty small as compared to Portlay, which is 65 billion. So it's got a long ways to go a lot of growth ahead. And so I'm I'm really excited. I'm buying shares of it now, and and hoping to see it grow and expand all over the country it. It's a wonderful restaurant. We love eating at it. But I really think there's a lot a big, bright future for this company. 118 00:28:50.300 --> 00:29:14.000 Celeste Lindman: Excellent! Great! Well, and you know just that whole kind of small cap thing that you've been talking to about. And you just kinda seeing continued opportunities on there. Well, how can people follow you, Graham. How can they get more information? I know that that you've had some real great success, and some great trades that you've been throwing out there, you know, even for free, you know. Seasonality, all that kind of thing expand on some of that for the folks. 119 00:29:14.020 --> 00:29:37.949 Graham Lindman: Yeah. Well, I'm not sure if we can get a link for it. But II post everything in my telegram. That's pretty much where I do all my communications try and give you guys as many free ideas as possible. The overloading. Yeah, I give about one a week. We haven't closed a loser yet, which obviously the markets have been straight up, so that's been very helpful. But we've had some really really good picks in there, so I'm not sure if Dea can get a link for it and throw it in there. But 120 00:29:38.020 --> 00:30:07.530 Graham Lindman: that's how you can do it. Also, at 2 30 today I'll be having a class talking about trading apple stock, and Apple's just had a nice little pull back, contrary to the markets a bit. So I think it's a good time to be looking at apple as a potential buying opportunity going into the New Year. So that'll be at 2 30 pm. Eastern today. Nice, great, great! Well, hopefully, we'll see if we can get some information posted there in the chat on that. So thank you for sharing that, Graham, and then let's find out about some more topics. I know you know, Graham, you've been in on this as well, or have, you know. 121 00:30:07.530 --> 00:30:30.669 Celeste Lindman: had this great interest to here with this cryptos, Jeffrey, that you've been bringing to us, and not only cryptos, but crude oil and and market levels and timing, and all that great stuff, Jeffrey. And by the way, Jeffrey is on oh, I just discord, discord. What a great place for people! I mean, it's so organized Jeffrey, the engineer of engineers. It's amazing. 122 00:30:30.710 --> 00:30:56.920 Celeste Lindman: Huh! The content the organization. It's it's fabulous. I don't know. You have to be an engineer to have all of the information that Jeffrey has tucked away in his brain. I mean, I can only handle a few things. But Jeffrey is gonna like, it's like all cylinders, all everywhere. And it's it's obvious in that discord. But anyway, I digress, Jeffrey, tell us more about what you think we need to know about crypto, or crude, or or any of the markets. Take it away. 123 00:30:57.100 --> 00:30:59.409 Jeffry Turnmire: So I you know 124 00:30:59.720 --> 00:31:13.950 Jeffry Turnmire: we hadn't talked about this previously, because it just came out, but the fund manager survey that came out this morning or last night, I guess. Maybe. That caught my attention because 89% of fund managers are expecting lower bonds in 2024 125 00:31:14.220 --> 00:31:22.240 Jeffry Turnmire: is is the most popular trade right now. Never in the history of anything has the consensus most popular trade worked out. 126 00:31:22.270 --> 00:31:50.670 Jeffry Turnmire: So this is, we're going to see higher prices and bonds in 2024, more than likely. And that that really caught my attention this morning. And I wanted to bring that out out here and talk about that, plus you know what can happen here with. You know. I know Graham saying that he loved the fact that Joel Powell, you know, saying, we're gonna cut rates and all this. But what happens if he can't cut rates? What happens if oil starts rocking inflation back higher. 127 00:31:50.940 --> 00:31:58.550 Jeffry Turnmire: and they just cannot. I mean, we saw this in historically we saw this in the seventies. where they declared inflation dead. 128 00:31:58.930 --> 00:32:03.370 Jeffry Turnmire: And then it came ripping back, and it just tore everybody up. And 129 00:32:03.530 --> 00:32:16.379 Jeffry Turnmire: we may have only been through the first act of inflation. So far, we're kind of floating through the second act. Everybody thinks it's all clear prematurely. But what if it comes roaring back? What if we get, you know right now with the levels of gold. 130 00:32:16.490 --> 00:32:23.859 Jeffry Turnmire: gold and oil? Gold typically is about 20 times oil. Right now, we're running about almost 30 times. So that means 131 00:32:24.260 --> 00:32:42.619 Jeffry Turnmire: oil. Black gold needs to ramp right back up. And that's gonna put oil at about a hundred dollars a barrel to maintain that historical ratio, and as as gold, the yellow gold pushes its way on up even higher. That means black gold oil is gonna ramp up higher. And you know the these. 132 00:32:42.620 --> 00:32:55.859 Jeffry Turnmire: you know, as Guy Cohen was saying, these things tend to revert, to mean these ratios and things that have historically been in the markets tend. We tend to revisit them often. We don't necessarily hang out there forever. But we could see. 133 00:32:56.030 --> 00:33:02.570 Jeffry Turnmire: you know, a rapid appreciation in the price of oil, and it could put a hurting on a lot of things. 134 00:33:02.760 --> 00:33:06.570 Jeffry Turnmire: And you know one of those things like. you know, maybe 135 00:33:06.630 --> 00:33:17.890 Jeffry Turnmire: you know, since we redefined recession and we didn't have one. You know that's neither here nor there. I think if you take the inflation numbers out, we actually are still negative Gdp, but 136 00:33:18.430 --> 00:33:21.300 Jeffry Turnmire: If you look at it, we may go into into a depression. 137 00:33:21.810 --> 00:33:31.910 Jeffry Turnmire: heading on into 2526. Possibly. So 24. I do expect higher prices across the market. And I didn't wanna bore everybody with a you know, throwing up charts here and there. But 138 00:33:32.040 --> 00:33:43.029 Jeffry Turnmire: you know, Crypto, it's gonna be a a big play here in the next few weeks into probably continue into 25, just like we've seen in the prior having events for Bitcoin. 139 00:33:43.070 --> 00:33:48.590 Jeffry Turnmire: You know why focus on Bitcoin? Because it's it's more than 50% of the market cap of crypto. 140 00:33:49.060 --> 00:34:02.939 Jeffry Turnmire: and that's the one to focus on. Well, why focus on anything else when the one dominates? So then you've got AI, too, which is kind of taking a back seat the last couple of months. We're seeing Nvidia kind of bouncing at the top. 141 00:34:02.970 --> 00:34:06.760 Jeffry Turnmire: and you know there's there's some other players that are. 142 00:34:07.020 --> 00:34:17.639 Jeffry Turnmire: you know, a I is kind of like that stage in the nineties when we were looking the Internet. And we were like, Oh, yeah, the Internet that's gonna change the world. Everything's gonna be awesome. And 143 00:34:17.650 --> 00:34:26.359 Jeffry Turnmire: then all these dot coms came on the scene, and tons of money flowed in. We saw crazy bubbles. We saw the the Fed start raising interest rates. 144 00:34:26.590 --> 00:34:34.680 Jeffry Turnmire: and then all of a sudden we got a panic. In the early 2 thousands and a lot of these, a lot of these companies went out of business. 145 00:34:34.790 --> 00:34:36.460 Celeste Lindman: Yeah. And 146 00:34:36.630 --> 00:34:37.519 Jeffry Turnmire: you know. 147 00:34:37.969 --> 00:34:46.800 Jeffry Turnmire: it's one of those things like AI is gonna play out the same way, because all these trends and fads they all play out the exact same way. So don't think you're late to 148 00:34:46.900 --> 00:34:48.050 Jeffry Turnmire: AI. Yet 149 00:34:48.610 --> 00:35:05.770 Jeffry Turnmire: I think the leaders that we're gonna see emerge 2030 years from now. They're not even like a thought yet. And how this is gonna play out. So if you think you're late to a I just just chill, be patient. We're gonna have some awesome plays come up on the years comin down the road hopefully, I'll be here 150 00:35:05.770 --> 00:35:32.300 Celeste Lindman: talking about. I'm on. Ask the pros with you. Yeah, no kidding. Yeah. And I love how you said that, too, you know lots of opportunity. And you just like you. There's always opportunity in the markets, right? And and and you just you find them, and you find them because you have education. You have tools, you have ways to do it. And and, Jeffrey, we love having you come on, and all, all that expertise you're able to provide with that with all these different markets. How could people. 151 00:35:32.310 --> 00:35:44.800 Celeste Lindman: you know, learn more with you on cryptos, on crude oil on gold on any of it. Oh, you just, you know. 152 00:35:45.300 --> 00:35:50.329 Jeffry Turnmire: just go to my Youtube channel. II throw this stuff out there every single day. I actually update the the indices. 153 00:35:50.510 --> 00:36:11.519 Jeffry Turnmire: gold oil and crypto every single day on Youtube, every single morning I run through it, you know. Maybe you don't wanna update every day. You can check in with me once a week you know, once a month, whatever it is. But I go through them every single day looking at the twists and turns Guy was heavy into the price action. That's I'm heavy into the price action with my technical analysis. 154 00:36:11.520 --> 00:36:15.229 Jeffry Turnmire: And you know, it's amazing what the charts will tell you where we're going. 155 00:36:15.230 --> 00:36:39.769 Celeste Lindman: and I just happened to get lucky more often than I than I don't so oh, there's a little bit of skill in there. Don't be. Jeffrey is a wizard, and you may think that's a Santa hat, but it's actually his wizard hat. I gotta tell you what Bodine Bodine said. You know bad, he was saying when you were talking. You know, he said, bad, Santa, talking about depression while wearing a Santa suit. 156 00:36:39.770 --> 00:37:04.440 Celeste Lindman: That's well, said Bodine. So but yeah, checking out, you know the Youtube. And I think you know, this is really giving people an opportunity, everything that we've talked about, giving people an opportunity, some things that they can even check out next week. If you all are a little bit, you know, on holidays, or, you know, staying out of the market, you know, doing some different human activities, different human patterns. 157 00:37:04.570 --> 00:37:18.960 Celeste Lindman: checking out some of these Youtube Jeffries, checking out some of these papers that Graham has put together, checking out some of the the software there with Guy Cohen. That's that's just a really great use of time, because that's 158 00:37:18.960 --> 00:37:43.560 Celeste Lindman: what helps give you that skill to get in there and to do it calmly. You know, without all that traitor emotion you're anticipating these different, you know, moves and everything. What are your kind of last thoughts, Guy Cohen, are you still with us? What are some of your last thoughts heading in to this last last day of of the market before we head into the holidays? 159 00:37:43.610 --> 00:37:54.969 Celeste Lindman: What are your thoughts. What are you looking at? Are you? Are you noticing anything unusual even today, or or heading out? Just kind of final thoughts? Jeffrey, why don't you go first? 160 00:37:54.990 --> 00:38:01.070 Jeffry Turnmire: Oh, me, okay. Well, go ahead. Yeah. Guys. There. you know. 161 00:38:01.690 --> 00:38:16.019 Jeffry Turnmire: I usually take it easy this time of year. II start looking at my accounts. Is there anything I was doing that consistently lost money? Like you said when it's a kind of a downtime. stop and evaluate. What have you been doing? If there's anything that's consistently losing you money, you know. 162 00:38:16.170 --> 00:38:44.950 Jeffry Turnmire: put it in the on the on the penalty box, you know. Maybe switch it to paper trades. For me. That's historically been. I've got a couple of tickers that I just don't trade because I've historically lost money more than more than I'd like to admit. I mean, one of those is Lulu l ul you another one's Meta. I if whatever reason me and those stocks just don't get along. I got. I've I consistently lose money every time so they're they're in the penalty box. 163 00:38:45.940 --> 00:38:59.680 Jeffry Turnmire: So I mean, you know, that's that's that's a good way to improve. Your training is just to cut out losers. And you start there and work your way up like, what's the stuff that's making the money focus there? 80 20 rule, you know. 164 00:38:59.680 --> 00:39:22.919 Graham Lindman: spend 80% of your focus on the 20% of stuff that makes you the money. What do you? What do you think, Graham? Yeah, well, on that, on that note it's good time to tax harvest. If you got anything long that you know. Hopefully, everyone had a great year, as the markets were ripping pretty pretty hard. II know I had my best year yet, but good time to take some profits. But I'm just gonna like Jeffrey. I'm I'm taking profits. I wanna take it easy. I don't wanna be on my phone over Christmas, wondering what's gonna happen. You know. 165 00:39:22.920 --> 00:39:42.299 Graham Lindman: I want to be out taking profits enjoying the holidays and let's get a good start to the New Year, you know. Obviously, we'll get a little bit of trading next week, but really just looking forward to 2024. But yeah, taking it easy not opening too many positions, like guys said, we are pretty overextended. You don't want to be over leveraged one way or the other. Yeah, be smart be smart. That's that's really good. How about you, Guy? What do you think? 166 00:39:42.370 --> 00:40:07.240 Guy Cohen: Yeah, same thing. I mean, I could. I could show you a couple of stocks that look. Yeah, vaguely interesting. But you know, when you have a low, you wanna take some time guy and shows those you could do that right now. Oh, yeah, yeah, I might as well, you just wanna see your face again. That's what I do. I do. Wanna see, I want. I want you to show everybody those great trades I've been all about you, I know, I know, so I mean really it is. But I mean it's not, but well. 167 00:40:07.240 --> 00:40:15.469 Guy Cohen: because grams here. 168 00:40:15.650 --> 00:40:40.250 Guy Cohen: Yeah, he better not be texting during Christmas dinner he'll be put in the penalty. Yeah, yeah, don't worry. I I'm being respectful. But anyway, the yeah, it's this sort of setup that I like to see tight consolidations just above a key level. You know. You can see big money footprints flash up here. The only issue is that, yeah, we. You're going into a lower 169 00:40:40.680 --> 00:40:42.820 Guy Cohen: volume market where 170 00:40:42.930 --> 00:40:54.970 Guy Cohen: you know it can go either way. And especially in an over extended market. The chances of whipsaws are way higher. But the I just want to show you the kind of things I look, and it takes me literally a couple of clicks. 171 00:40:54.970 --> 00:41:16.600 Guy Cohen: To find it. There's another one, this cognac, you know, bursting out from a key level, looking interesting. Yeah, a few big money footprints showing up there. Right there. Guy, I just it's just instant I see it. It's gorgeous. Yeah. And it's really. And when you start seeing the shrinking retracements as well, that'll that'll pop up in one of them. You'll see it flash up, and it defined these things is amazing. 172 00:41:16.600 --> 00:41:34.789 Guy Cohen: but you know, this one, if it can get above the recent highs, could be interesting. I also like to see stocks with the low, implied balls, because I know I'm going to get bigger bang for my buck in terms of the options. They tend to be more liquid. I like the liquid options. With this, with the tight to bid ask ratios as well as camping world 173 00:41:35.220 --> 00:41:42.800 Guy Cohen: that's got to be classy. Let's have a look at CYTK that's already gone. That's one of the buyouts from from 174 00:41:43.250 --> 00:42:05.239 Guy Cohen: Celeste. This one here. It's a little extended, is just below. It's just below. It's 200. But again, II like what it's trying to do. There's a couple of dollars. And this took me literally about a couple of clicks to find these ones. Fortiv is looking strong is a bit whippy, but it's looking strong. Look at all that activity there. And this is just it's just so cool. 175 00:42:05.240 --> 00:42:26.780 Guy Cohen: but you can see the activity, and then you can see the move. Now you see the consolidation. It's a bit messy, but this does correlate well with its obi. That's what those stars are about. You see that lovely patent recognition here, saying it's a bull flag and the consolidation as well, these things are a golden for us. To to create low risk where we can define our risk from the outset. 176 00:42:26.950 --> 00:42:40.889 Guy Cohen: Let's have a look at just a couple more before we go. For a little Christmas, and this is another type consolidation. There's a little bit boring, but tight consolidation there. Iwmi love, I, Graham, I love IWM. 177 00:42:40.900 --> 00:42:48.010 Guy Cohen: I just love it. I mean, this is so, this move here. I just want to show you. We can talk Graham, we can talk off off off camera. 178 00:42:48.040 --> 00:42:49.670 Guy Cohen: Okay, that move there. 179 00:42:49.730 --> 00:43:01.830 Guy Cohen: Look at this. It really reacts. Well, Obi, negative. Going through the support of the 200. We're all over this, by the way, we already identified highs here. So we already bearish on this situation. 180 00:43:02.210 --> 00:43:04.239 Guy Cohen: That move there is 10%. 181 00:43:04.430 --> 00:43:13.459 Guy Cohen: But on the deep, in the money, even on the 80 delta longer term options, you have 4, 5 months out. 182 00:43:13.640 --> 00:43:23.880 Guy Cohen: That was a hundred percent move on those just on the Iwm options. So you didn't even have to go to those that could look at the implied role here. 183 00:43:23.940 --> 00:43:40.210 Guy Cohen: It's tiny. It's like 16 at that point. So what that meant was that even with deep in the money, it meant that your leverage month was 7 or 8 times, going up to 10 times as the stock went further, deeper and deeper in the money with those with those puts. 184 00:43:40.370 --> 00:44:08.190 Guy Cohen: More text we did. Let's have a look at that one another another celestial there! This one's one we've been in already. But look at what we look for here, look at that, and look at that, that consolidation right above a key level obi, and then look at the move there, and it's cheap, cheap options, then nice and liquid to so just, and it's doing it again. Now on the 200, this on the calm as well this one, I mean. I hope you can see it. 185 00:44:08.260 --> 00:44:31.969 Guy Cohen: There's one there's one there's one. There's this consolidation there. You just see the market structure there the market shape. But we're able to sort of deconstruct it, you know. Take the apple pie and then just remove the apples, the icing, the flour, the eggs, and you know we're removing, and we're seeing what's actually making that apple pie, if you like. We're deconstructing, and it's kind of doing it again 186 00:44:31.970 --> 00:44:49.390 Guy Cohen: right now. But look how many chances we've had to go into there. It's it's a lot. So you've got one consolidation in here. You got another one in here, and now you've got another one in here as well, looking like it's happening. And of course, the options guys, and girls are in so all over that one. 187 00:44:49.460 --> 00:45:16.240 Celeste Lindman: it's just if I gotta just jump in guy a little bit and just say, you know again, you know, this software really makes it so easy to see the opportunities it just really does. The heavy lifting it should be called gorilla, I think, cause it really does heavy lifting for you. And I just gotta say again, you know, it's like when you, when you get used to it and looking at it's like, Wow, it's just the patterns. Just jump out at you. It's phenomenal 188 00:45:16.240 --> 00:45:25.390 Guy Cohen: it it it's very, very cool. We can do another time. But, by the way, just so, you know that I'm not kind of cheating here. These are the times we've mentioned it from from 18 of 189 00:45:25.390 --> 00:45:48.920 Guy Cohen: of November onwards. Even got a thumbs up for me. So you're right in that lot there, and that's that's pretty decent move. So it's not like exponential. But look again, how cheap those options are, and then you get to see a 5 and 6 x leverage on that one. Just a couple more, just so that you know it's Christmas and all that. This is another one. I hope you can see. So I press the wrong button there. But I hope you can see. Now, when I look at Pi. 190 00:45:48.990 --> 00:45:53.640 Guy Cohen: just look at this, just look and see how. Yeah, really beautiful this is. 191 00:45:53.820 --> 00:46:07.399 Guy Cohen: Earnings. It's often a catalyst for big volume and jumps. We love that. Then a consolidation. Then another ovis all over the over it as well. And that's what you got. It's really not, and it's kind of almost shaping up to do it again. 192 00:46:07.400 --> 00:46:24.400 Guy Cohen: But with the caveat that the markets are overextended right now. Just a couple more, and then we'd be done. But again, this one seems to be interesting. Medicines and those kind of stocks are interesting, but this is showing shrinking retracements and flags and consolidations there. It's poking up. But what it's 193 00:46:24.400 --> 00:46:52.810 Guy Cohen: probably doing here is something along the lines of I'm I'm just trying to think something to do with that and something else I'm just trying to find which shrinking retracements it's got but selling action, obviously drying up there. Starbucks the other way. We were bearish on Starbucks. And look at these lovely pattern recognitions there, showing bearish big money footprints. This is a waterfall. Setup Obi is negative, this selling action in here as well. This is a stock that has tumbled down 194 00:46:53.020 --> 00:47:10.820 Guy Cohen: after earnings it went up at earnings, and then immediately rejected, and then does this. This is a really nice bearish situation. It's called a waterfall setup, so it goes up, hits its head on that 50 day on that key level, as we call it, with the negative obi with more selling action. And then just sort of 195 00:47:10.990 --> 00:47:24.250 Guy Cohen: Pfizer was a top stock this week. 196 00:47:24.370 --> 00:47:36.100 Guy Cohen: I'll I'll put it. I'll put it in. Pf! Sorry. Let me have a look. II haven't. It's not on my radar recently. Pfizer because it hasn't turned. 197 00:47:36.150 --> 00:47:39.079 Guy Cohen: hasn't turned up with something that I 198 00:47:39.330 --> 00:47:47.400 Guy Cohen: gravitate to. So I think it's really important. And I think you know, Graham and Jeff have said some very important things, and that is, you know. 199 00:47:47.570 --> 00:48:04.679 Guy Cohen: they they're different to me, but they specialize in a different way of looking at the markets, which is totally legit. I specialize in my way. I've developed this over, you know, 30 odd years, but other people develop their own things. And you know, when you have a bit of ownership of your own technique, provided it's not 200 00:48:04.680 --> 00:48:19.470 Guy Cohen: to the exclusion of results that does mean something in in trading and investing means that you feel a little bit more ownership of it, a little more control. So the question the answer to Pfizer hits not doing anything right now, but I particularly 201 00:48:19.500 --> 00:48:22.390 Guy Cohen: gravitate to. If you look at the setups that I see. 202 00:48:22.400 --> 00:48:34.680 Guy Cohen: it's not just one of mine. I'll just finish off a little bit. And and and, by the way, doesn't mean there's nothing there. It just means there's nothing there. Me, we did that one as well, hey, let's do couple more, and then we we finish off. 203 00:48:35.030 --> 00:48:54.239 Guy Cohen: This is Terrex. This kind of movement often happens at earnings. It wasn't earnings is back here, but you've got a consolidation going on here. It's you know. It's kind of got on my radar, but I'm probably not going to do anything with that one, and then we got tapestry and Texas instruments as the last one but tapestry. 204 00:48:54.240 --> 00:49:07.320 Guy Cohen: I hope you can see why I might have liked that after earnings. When the ovi turns it goes above a key level, it consolidates once and twice. I hope you can see that's my kind of gig in that situation. 205 00:49:07.350 --> 00:49:14.839 Guy Cohen: And and again, it's all about, you know. Big money footprint is a lovely way of expressing it. But what are we really talking about? We're talking about a much 206 00:49:14.850 --> 00:49:20.839 Guy Cohen: better chance of there being an accumulation on the way up, or a distribution on the way down, and if you do 207 00:49:21.070 --> 00:49:27.929 Guy Cohen: manage to catch a ride on those kind of situations. Then obviously, you get the moves. It will take you to your. 208 00:49:27.990 --> 00:49:31.170 Guy Cohen: It's the trading plan here, your first profit target. 209 00:49:31.420 --> 00:49:49.340 Guy Cohen: much greater speed, much greater probability. And once you're at that first base well, then, you can relax, and then you can. You either take your profits there you get stopped out, but at least it's with profits, or it goes on a trend, and if it goes on trend, there's another mechanism that we have to ride that trend, and obviously that mechanism gets 210 00:49:49.650 --> 00:50:10.060 Guy Cohen: accelerates. If you have deep in the money options or options that are getting further and further further deep in the money. So this is just the way that I like to do things. And and then, lastly, there's Texas instruments, which was a dog for a while, although I have to temper that because I love dogs so dogs are a good thing for me. But look down here, no good. Then suddenly we get earnings. 211 00:50:10.060 --> 00:50:28.949 Guy Cohen: We get a big move up. We get another big move up. Then we get a consolidation above a key level. No guess what options. Traders are into it now, and now you have a breakout area, and you kind of got something else going on there a little bit now as well. And again, look at those options. Nice. So. And by the way, I wanna 212 00:50:28.990 --> 00:50:33.170 Guy Cohen: how I found those was ridiculously easy. I clicked the button 213 00:50:33.280 --> 00:50:36.940 Guy Cohen: to find consolidations near key levels with an ovi. 214 00:50:37.080 --> 00:50:43.069 Guy Cohen: and I put them together. You know I fact, I did press one because I already had that, as what we call a fast filter. 215 00:50:43.070 --> 00:51:08.359 Celeste Lindman: So I think that just one other thing I want to say about trading. Okay. And then we're gonna have to go because we have to go. It just needs to be easy to do. That's it. It does have to be easy to do, and that's what keeps us coming back as if it was like. But anyway, let's say, keep moving final thoughts before we go on these holidays, Jeffrey. Send us off Graham. Send us off final thoughts. What do you think? What you've seen, what you've heard, what you're doing. 216 00:51:08.560 --> 00:51:18.479 Jeffry Turnmire: hey? First off, I want to say thank you, everybody for being with us and following us through 2,023. And I look forward to working with everybody in 2,024, Celeste and Graham and Guy, and 217 00:51:18.490 --> 00:51:39.740 Jeffry Turnmire: all of you viewers out there that make this what this is I mean, honestly. And let's hope for a freaking pull back like guys says, because then it's gonna clear up a lot of stuff in the market. I mean, I hope we get it alright. How about you, Graham? Yeah, no, if we get that great buying opportunity. But if not, you know. 218 00:51:39.750 --> 00:51:53.310 Graham Lindman: keeping all bulls on over here, you know, like, Jeffrey said hopefully, we don't cause too much damage in the 2025 and 2026 years from the decisions made this year. But we'll see what happens. But I think you've got a good send off for us, too, because January 219 00:51:53.320 --> 00:52:10.370 Celeste Lindman: is historically the biggest month for fund flows into stocks. Oh, yeah, baby. Oh, yeah, I'm going to be talking about it at 10'clock, going to be live, and so much more. The conversation carries on lots of great detail to get. And you. You're exactly right, can't wait to share it with you all in 10 min. 220 00:52:11.030 --> 00:52:12.210 Celeste Lindman: So 221 00:52:12.520 --> 00:52:37.490 Celeste Lindman: alright! Well, it was great having everybody with you, and agree with what everybody has said in here. I love this Timothy says, let's make more in 24. I like that. Let's do that. Merry Christmas to everyone, Dennis. Everybody thanks for sharing that. And a brilliant Christmas from Peter, he says, over from across the pond, Guy, just like you. So, anyway, with a great session and worth really taking 222 00:52:37.490 --> 00:52:57.800 Celeste Lindman: taking notes on checking out some of those tickers, some of those ways to make money join me in just a few minutes, and I'm gonna talk more about what's going on in underneath in the market. That I think will help you make great better decisions in 2,024, so we can make more in 2,024. That's a good slogan guys. 223 00:52:57.800 --> 00:53:05.170 Celeste Lindman: anyway. All right, merry Christmas. Everyone have a great rest of the day. Thanks everyone.