On this week’s show: Geof Smith, Markay Latimer, and Chuck Hughes.
Prefer to read this episode? Click below,
Show transcripts are auto-generated by computer, so they won’t be perfect.
If something doesn’t make sense, you can skip to the timestamp in the video above to hear it. Questions? Drop us a line.
►Click To View This Episode's Transcript◄1 00:00:00.000 --> 00:00:16.090 Celeste Lindman: Hey with us. Howdy, howdy, Howdy, hey? Looking forward to a great session here with ask the pros. We got our panelists joining us, and we got a lot to cover in a short period of time. So um hello, chuck! Good to see you again 2 00:00:16.100 --> 00:00:46.080 Celeste Lindman: back at it. So, hey, Let's let's get started, because you know what. How are you all feeling in the market today? You know there's a lot of risk, right? We've been talking about this pull back that's supposed to be happening. Is it happening today? We're going to find out what our pros think about all of it. And you know, before you ever click that mouse. You know It's your responsibility. You want to understand whatever you're trading because your money is at risk. You can lose a lot of it. You can lose all of it, and you don't want to do that, and that's why we come back here week after week on. Ask the pros to help you navigate this, 3 00:00:46.090 --> 00:01:16.079 Celeste Lindman: and that's what I'm going to risk Help you to understand what our pros are doing, how they're using their tools to pull money out of all kinds of crazy markets. And the name of the game this year is what it's like, you know. Have a lot of tools in your back pocket ready to trade. So today to help us navigate, We have with us a ten times trophy winner, with audited results up to three hundred and thirty for the year. I mean, get that? That's a big big number. We're so glad to have Chuck Hughes back with us. 4 00:01:16.090 --> 00:01:46.029 Celeste Lindman: Um, Po publishes all kinds of content originally from New Jersey, resides now in Carmel, uh California, right next to some uh some really popular Hollywood stars. Right? So we're glad to have this former Air Force pilot with us as well, and we have Marquis Vladimir, who, this little girl, you know, on the West Coast cute little blonde there turned two thousand into two million in two years. Not bad for a little Girl's pay right, 5 00:01:46.040 --> 00:02:08.470 Celeste Lindman: and she goes around. She teaches multiple people how to trade the markets, how to see and navigate, and just, and and know that, hey? You know what you can do exactly what Wall Street does, and you know what you could probably even do it better, and she teaches you how to do that. Glad you have Jeff Smith. She's going to be here. Do I have to be here? Yeah, 6 00:02:09.340 --> 00:02:37.040 Celeste Lindman: you do have one right, and that is Jeff Smith. He is one of my greatest mentors, taught me a lot there in the markets. He's one of the inventors of that great roadmap software that's proven and also that inventor of he and Tom that twenty-four hour clock just transformed a lot of people's tradings, including mine. So uh, speaking of global markets, did you all here? You know that Germany has bounced up 7 00:02:37.050 --> 00:02:47.710 Celeste Lindman: uh about thirty-two percent from its fifty-two week, low, and that puts it in third place, they are in third place on a list of about twenty-two countries, etf 8 00:02:47.720 --> 00:02:58.790 Celeste Lindman: um, and so take a guess. Type it in there. I want to hear what you say. Who do you think is in that number One position bouncing from a fifty-two week, low or fifty. Yeah. Fifty two week. Low Type it in there. Let's see what you say. 9 00:02:59.360 --> 00:03:01.850 Celeste Lindman: And Then Um. 10 00:03:01.890 --> 00:03:14.570 Celeste Lindman: Let's talk about. Yep, you're getting that one right, Keep typing it in there. And then talk about uh how about who was last? Who's number twenty-two out of twenty-two? These are country etfs 11 00:03:14.580 --> 00:03:44.569 Celeste Lindman: country etf. Well, i'll just i'll spill the beans. China China was number one, and um us spy is number twenty-two. So before you jump to any conclusions. Um, or listen to all this noise. It's around. You take time to think for yourself, and um, you know, could be this you this dead Count Bounce, we could be having this real turnaround. It's looking like a little bit today. But let's find out because China does not follow the same pattern as the Us. And you might want to just kind of keep that in mind, and don't make a sign. 12 00:03:44.580 --> 00:03:52.939 Celeste Lindman: Um, so trade with that sound mind. So with that, hey, Jeff and Chuck and um Adam is marquet with us Yet 13 00:03:53.310 --> 00:03:56.879 Geof Smith: I see that she's logged in Haven't heard from her. 14 00:03:56.910 --> 00:04:05.920 Markay Latimer: Yeah, I mean, I'm here, Celeste, I've got. We have a the unusual snowstorm on the West Coast, and I got all sorts of tech stuff, so i'll be here. But I won't. Be on camera, 15 00:04:05.930 --> 00:04:35.919 Celeste Lindman: which you might be better today. Anyway, that will work just fine. We can see your beautiful face on your screen so so thanks for that, so i'll go ahead, and so we'll just kind of go around uh go around the table here a little bit uh Jeff. I'll start with you and then chuck. Then Marquette. Uh, just kind of quickly. It's a big question. But if you can, you know, tell us what you think, and uh, and then we'll go into a deeper segue into some other conversations. But um, you know, when you're thinking about the markets you know you got. We've got to send. 16 00:04:35.930 --> 00:04:40.170 Celeste Lindman: We've got January February. What's coming to your mind, Jeff? 17 00:04:40.710 --> 00:04:44.100 Geof Smith: Um. Well, we're gonna in the year down period. How's that? 18 00:04:44.110 --> 00:05:13.219 Geof Smith: Um. So? Um. The The question I have is, you know. Why are people just going to take their losses? Um, mark, write it off, and then say, do overcome January second right? Um, Or are they going to try to hold on to those things? And I think there's probably going to be a little weaker rather than stronger on that side where we've just kind of hanging out a little bit. Um, one thing we had news at seven thirty. I think everybody knows that um kind of sold the market off pretty hard, but 19 00:05:13.230 --> 00:05:18.700 Geof Smith: um! The Russell's already made a new high. The dial is about to make the new high uh, so 20 00:05:18.710 --> 00:05:48.700 Geof Smith: i'm the kind of erased that news, and some of those indices uh but the Nasdaq and the S. And P. Are still kind of waning back a little bit. So. Um, I think going forward. We have a lot of overhead in front of us, I mean, we've got, you know, the Ppi coming out next Friday we got Cpi. The next Tuesday we got the fed on Wednesday. You've got Expiration Day that Friday. I mean. You've got a lot of overhead to kind of get through and wade through, and of course the markets are going to be more volatile because of that You got inflation news, and then how much Are they going to raise 21 00:05:48.710 --> 00:06:13.220 Geof Smith: rates? Is it half a point? Three course of a point, or whatever it's going to be? Um so I think if you're looking at short-term stuff. I think you're fine and dandy if you're trying to no jump in here and and buy apple or netflix, or whatever it is, and hold on to it for a few months. I think you better pick your fingers in your ears, and you know close your eyes and go blah blah blah blah, and just not watch it for a while. So um! And I think on the shorter term I think you're just fine 22 00:06:13.230 --> 00:06:24.759 Geof Smith: um, and you can kind of catch the ways of the kind of move up and down and move up and down Um! When I start talking i'll show you some numbers that it's just like just resistance wise. We got a lot of overhead also. 23 00:06:24.860 --> 00:06:37.600 Chuck Hughes: Yeah, good good thoughts. Thanks for that, Chuck. What are your thoughts, you know kind of December, January, February, 24 00:06:37.620 --> 00:06:41.499 Chuck Hughes: and I look at a stocks 25 00:06:41.660 --> 00:06:48.050 Chuck Hughes: price in relation to its ten on simple moving average. That's my main trend indicator. 26 00:06:48.210 --> 00:06:50.660 Chuck Hughes: And this week um 27 00:06:51.210 --> 00:07:02.220 Chuck Hughes: the S. And P. Five hundred index uh traded above It's ten months simple moving average The financial sector. Xlf. Did that. 28 00:07:02.240 --> 00:07:05.949 Chuck Hughes: Xl: You utilities, and Xlp. 29 00:07:06.120 --> 00:07:25.849 Chuck Hughes: Uh, they all traded for. It's been a long, long time since they've traded above their ten month simple moving average. So for all those to line up on Wednesday and trade above the ten month. Simple moving average is is pretty significant. I mean, some of these have been 30 00:07:25.860 --> 00:07:29.099 Chuck Hughes: in a downturn for about a year now. So 31 00:07:29.450 --> 00:07:30.940 Chuck Hughes: for those four 32 00:07:31.040 --> 00:07:42.939 Chuck Hughes: uh sectors to uh trade above that ten not simple moving moving average is very significant in my world. That's the what I call the major trend. 33 00:07:43.210 --> 00:07:50.550 Chuck Hughes: So uh, we've We've switched to a by signal in a big part of the market, 34 00:07:51.130 --> 00:07:52.300 Chuck Hughes: and my 35 00:07:52.330 --> 00:07:55.300 Chuck Hughes: uh strategy this year is 36 00:07:55.360 --> 00:07:58.340 Chuck Hughes: uh to focus on the 37 00:07:58.650 --> 00:08:03.900 Chuck Hughes: sectors that are performing well, that are on a a by signal 38 00:08:04.200 --> 00:08:09.590 Chuck Hughes: uh to take long positions, and for sectors that are on a cell signal 39 00:08:09.700 --> 00:08:28.070 Chuck Hughes: to take short positions, and this year, the way it's turned out in general is the value. Stocks, with with real earnings have done great this year, and they've been on a bicycle almost all year, and the tech stocks and stocks with little or no earnings. Um, 40 00:08:28.080 --> 00:08:46.090 Chuck Hughes: we've We've taken short possessions in those stocks. So, just to give you an example this year, uh, the drugs have been performing. Well, we own Bristol, Myers Uh Eli Lilly healthcare providers performing Well, we owned humana sigma 41 00:08:46.100 --> 00:08:58.469 Chuck Hughes: energy, of course, performing well. We own oxy and devin, even a sector like auto parts. We own O'reilly and auto zone. So uh, this week, very significant 42 00:08:58.610 --> 00:09:03.720 Chuck Hughes: for these major sectors and the S. And P. Five hundred 43 00:09:03.830 --> 00:09:19.950 Chuck Hughes: to uh revert to a by signal after being on a cell signal for so long. So Um: yeah, So uh. But we continue to focus on the sectors on five signal for long positions and 44 00:09:20.010 --> 00:09:28.589 Geof Smith: sectors that are weak for short positions. That's huge. Did you? Uh, have you looked at advanced auto parts also? 45 00:09:29.190 --> 00:09:30.240 Chuck Hughes: Uh 46 00:09:30.250 --> 00:09:59.249 Chuck Hughes: uh that that we don't own that one. We own O'reilly and we owned auto zone. Okay, yeah, yeah, advance other parts. I'm: Sure, it has a similar uh chart pattern. Great great. That's that. Yeah, that's a huge signal. That uh that, Chuck just pointed out. There. Check real quick question on that. So you you, you're seeing this kind of by signal, and that's kind of what I want. Everyone to hear, too, is that there's some There's some turning and churning in the market. That's why you really want to think for yourself. Okay, take what you hear and think for yourself. 47 00:09:59.340 --> 00:10:13.310 Celeste Lindman: Do you ever see that kind of ten month? Come up and then come back down and then come back up, or when you see that to kind of ten month signal is that uh, you know What's your history with with that as far as seeing any move up and down with it. 48 00:10:13.430 --> 00:10:20.140 Chuck Hughes: Yes, um! That that's been my main trend indicator for a long time, and 49 00:10:20.160 --> 00:10:37.390 Chuck Hughes: what it it's when the one month price of the stock crosses above the ten month simple moving average. So I only look at that on the last trading day of the month. So Wednesday was the last trading day of the month, and uh, the S. And P. Five hundred 50 00:10:37.730 --> 00:10:51.709 Chuck Hughes: Uh. Closed above that ten months simple moving average. So it's been on a cell signal for a long time. Um! History shows with with that system that 51 00:10:52.150 --> 00:11:04.420 Chuck Hughes: uh it's it's uh the you. The signals uh the profits to losses when you take that signal for like, for example, with the S. And P. Five hundred. If you just take that 52 00:11:04.520 --> 00:11:09.239 Chuck Hughes: signal and nothing else. Your losses 53 00:11:09.390 --> 00:11:28.409 Chuck Hughes: uh your your profits out. Number your losses about seven to one. So uh it's it's a longer term system, but just using that, and nothing else uh you. You have about a seven to one profit to loss ratio, so it keeps you in the trend, you know you don't. 54 00:11:28.420 --> 00:11:44.949 Chuck Hughes: Obviously you don't catch the trend at the bottom, but if you simply follow that trend um your your, your gains will be seven to one over your losses, and that that's across a wide sector of indexes and uh stocks. 55 00:11:44.960 --> 00:11:56.000 Celeste Lindman: That's those are some pretty impressive numbers. Thanks for sharing that check. Mark, Hey, what are your thoughts on, you know. Kind of approaching January, you know. December, January, February. What are you thinking? 56 00:11:56.830 --> 00:12:09.290 Markay Latimer: Yeah, You know, this year feels different. No surprise than other years. Um, generally this time of year I really go pretty heavy into tech stocks, and uh, I love it from 57 00:12:09.300 --> 00:12:39.290 Markay Latimer: I I love that earning season to earning season sort of play, and I feel like usually you get uh from kind of October November earnings. We have good follow through with tech companies being pretty bullish, uh, you know, into December through usually January, when we get into the next turning season. But we don't have it this year. I guess it's the same as Chuck is saying. It's tech isn't good right now. So I've gone to uh other stocks and other sectors and things that I Don't normally trade and like 58 00:12:39.550 --> 00:12:52.410 Markay Latimer: uh, for solar has been a really good one, and you know, I feel like solar stocks kind of come ago. But but it's been really hot and in tech, but one of my, you know, long time favorites is apple and that stock, 59 00:12:52.420 --> 00:13:11.860 Markay Latimer: but it could be any more boring. So. Um! So I just think markets have shifted, and and probably with everything that's gone on with the economy and inflation and the the fed action. I I kind of expect it to continue that way. Uh, I don't think tech is going to be as hot as it usually is. I think we gotta look elsewhere, and and I've really 60 00:13:11.870 --> 00:13:30.159 Markay Latimer: I've really adjusted my trading timeframe to um. One of two things, either really long term or really really short term I that I used to really like that kind of midterm sort of being in trades for ten to twenty, thirty days or so for trends. 61 00:13:30.170 --> 00:13:45.869 Markay Latimer: I don't think those midterm once at least for me. They're not working as well. So i'm. I'm one to three days, or, you know, like six months or a year, or two or three so even, you know, leap options are stock, and that's kind of what i'm thinking for this near term for a while here. 62 00:13:47.940 --> 00:14:17.920 Celeste Lindman: Excellent! Great. Well, a lot of good uh insight there for everyone already here, just in the first few minutes in to ask the pros. And one thing that i'm noticing that these professional traders are saying, i'm hearing them talk a lot more about the big, big term and the small small term, you know. Usually we're talking about, like, you know, three timeframes right, you know, right together. Now, we're talking You're here kind of really talk this big term, and really the small term. They're really finding a lot of trades in that really tight timeframe, and they're really very, very aware 63 00:14:17.930 --> 00:14:45.519 Celeste Lindman: and very savvy. Just like Chuck was saying what's going on in this big term, and that's what you all need to be doing, too. So let's dive right in Jeff. You don't mind you can take over that screen share. I want to get more information from you first. Off about what's going on in these markets we've talked about. You know the Broad, S. And P. Market. We want to know what's going on in the medals, What's going on with the dollar? What kind of things? How are these relating. Are they not relating? What can we look for in these markets? 64 00:14:45.830 --> 00:14:48.670 Geof Smith: I'm gonna pull a Roger here real quick 65 00:14:58.460 --> 00:14:59.930 Geof Smith: to do 66 00:15:01.180 --> 00:15:02.210 Geof Smith: all Righty. 67 00:15:02.300 --> 00:15:19.750 Geof Smith: What he likes a lot. Um, this is the dollar uh index. Um, and you can kind of see we beat on a decline here uh the dollar as long as it stays below. One hundred and eight, I think, is gonna continue to be weak. Now, if you look right across here. 68 00:15:19.760 --> 00:15:32.720 Geof Smith: Um, you can kind of see they tried to get a above it back over in July they couldn't. They finally got above it. They held above it. Now we're back below it, and they keep going back up and testing it. So I think as long as we stay below one hundred and eight. The dollar index is week 69 00:15:32.750 --> 00:15:46.820 Geof Smith: um, and it could probably go down to the one o two to one hundred and one area, and still kind of. If you want to look at the real big picture be bullish. Um. But if it starts breaking back blue, par, which is one 70 00:15:46.830 --> 00:16:04.290 Geof Smith: Um, I think it's probably gonna start continuing to just deteriorate. Move on down. Um the one thing that's good about this Um, if you've just been, I mean, I follow exports and stuff like that on greens meets and all that stuff. I think most people realize that we've had a hard time 71 00:16:04.300 --> 00:16:31.720 Geof Smith: doing exports, and the reason for that is, we have an expensive dollar. Um. Even you get the grain side of things, especially uh they can go to no Australia, or they can go down to Brazil or no, a lot of different places to get another grains a lot cheaper than you get ours just because our dollar has been so expensive. Um, I mean you saw the euro break below parts just for briefly, but it snapped right back up. So I I think the weakness and the dollar is kind of helping the metals out a little bit. 72 00:16:31.730 --> 00:16:38.659 Geof Smith: Um, i'll get rid of this um if you look at um. Let's just grab a big chart. Here, 73 00:16:39.050 --> 00:16:42.920 Geof Smith: let's just do a regular chart. It'll be easier, 74 00:16:44.170 --> 00:16:46.949 Celeste Lindman: love, that fancy roadmap software. 75 00:16:47.020 --> 00:16:49.300 Geof Smith: Yes, there we go 76 00:16:50.260 --> 00:16:55.100 Geof Smith: go ahead. 77 00:16:55.160 --> 00:17:03.980 Geof Smith: Well, when I look at this is a weekly chart on gold. Um! I like to throw a simple moving average in here. As well grab the wrong one there. 78 00:17:06.940 --> 00:17:18.429 Geof Smith: And what you're seeing here. Um I the red line in the blue line I like to run on a daily chart that's a three period and a twenty one period average 79 00:17:18.440 --> 00:17:28.979 Geof Smith: the orange line is a sixty-five period average. So this is a sixty-five week moving average, and you'll notice gold. Sixty, five week. Moving average is at one thousand eight hundred 80 00:17:28.990 --> 00:17:53.720 Geof Smith: and guess where we're hanging right. Now. We're hanging at this sixty-five week average So they this morning I noticed when they did below it, after the news came up the King up to that one thousand eight hundred, about three or four times, and they couldn't get above it. And I was just like okay, here's this no sixty-five week average, and finally they kind of busted above it. And right now we're I think we were trading one thousand eight hundred and six, one thousand eight hundred and five something like that on gold right at at that point in time. Um! 81 00:17:53.730 --> 00:17:56.929 Geof Smith: But if you look at Silver, let me just change this out real quickly. 82 00:18:02.640 --> 00:18:06.709 Geof Smith: There we go silver trading above it. Sixty-five week average. 83 00:18:06.920 --> 00:18:26.689 Geof Smith: So it's been a lot stronger than gold. In fact. If you just look at the year, goals down still around two percent, and actually silver's up to two and a half. So Silver's been a lot stronger than gold coming into this time period. So I think right now. Um, I think it's a good time to know. Start buying silver 84 00:18:26.700 --> 00:18:34.710 Geof Smith: um on a longer term basis, not on just on a short term basis. Um, but I think silver is probably the better play. I I love copper 85 00:18:34.950 --> 00:18:36.840 Geof Smith: myself. But 86 00:18:36.860 --> 00:18:39.299 Geof Smith: let me just show you a copper here real quickly. 87 00:18:50.700 --> 00:19:03.709 Geof Smith: There we go. It's a long ways from that sixty-five week moving average um, and I follow copper a lot fcx if you want to look at it just on a stock. I mean it follows it no almost verbatim. 88 00:19:03.720 --> 00:19:22.149 Geof Smith: Um Freeport Mcmurran. But until copper confirms what silver and gold are trying to do. I'm a little bit leery um on the metal side of things. I'm platinum and plating, and then been doing pretty well um, but I think if we can uh get a little more economic 89 00:19:22.720 --> 00:19:51.309 Geof Smith: um strength. I'll put it that way uh, especially out of China. Um, I think you'll start seeing copper start popping back up, and I think you I mean right now. I think Silver probably can get to the twenty-four and a half to twenty-five dollars area um gold if you can hold above that one thousand eight hundred uh on a closing basis for a couple of days. Uh, I think you could probably get up to the one thousand eight hundred and forty-five, to one thousand eight hundred and sixty range. Um, probably in the next. No thirty to forty days 90 00:19:51.320 --> 00:20:08.219 Geof Smith: Um! It's going to be some chop, I mean, like, I said, we've got Cpi, and you got the fed and all that stuff, so it's going to be really interesting to see how those come out, but I think, with the dollar continuing to move down um gold. And if you've been watching bonds, gold, silver, and bonds have been kind of moving together as well. 91 00:20:08.230 --> 00:20:27.550 Geof Smith: Uh with the the interest rates and things like that. So, um! They're kind of a good indicator at this point in time. It's kind of interesting gold. No, everybody says. Well, it's attached to the dollar. Well, sometimes it isn't, sometimes it's not um. Sometimes they attach themselves to bonds, and sometimes it'll attach itself to crude oil. So you have to kind of figure out which market is looking at 92 00:20:27.560 --> 00:20:57.240 Geof Smith: um, and as it goes along. We got an Opec meeting, is it today or Monday? It's one of those two um where they're going to determine whether they're no cutting production or increasing production, or whatever it's going to be. So you're probably going to see crew move around between now and Monday uh based off what they're saying so. Just beware of that, um. But lot of times they'll kind of attach themselves to each other. We had a nice little commodity rally, if you will over the past several days. They all kind of declined this morning, but they're all kind of bouncing back up as well. 93 00:20:57.550 --> 00:21:14.149 Geof Smith: Um, But another thing I wanted to kind of show or before you go from that, Jeff. Was that A. Was that a weekly chart? That was the the future you were. You were looking at futures. Yeah, weekly, those those were definitely Weekly Church, and those were futures contracts. So um 94 00:21:14.190 --> 00:21:44.149 Geof Smith: I mean, if you want to look at Gld or slv, or whatever it may be, you can do that as well. Um. Another thing that I was kind of looking at here. If you'll notice just there's a bunch of numbers on here, but that's not the point what I was looking at. We have a forty, one ten. Now remember right. Now we're at forty, sixty-six. But we are trading around forty, one hundred and eight, forty, one hundred and five, or whatever it was. So you got four thousand one hundred and ten here, and if you just kind of we down through this is the open, high lows and closes each month. This is just monthly open eyes. Lows. 95 00:21:44.160 --> 00:22:09.199 Geof Smith: Is that the S. And P. Future? So we have four thousand one hundred and ten, and if you just kind of go down through here, you got four thousand one hundred and forty-four. You got forty one hundred and forty-four. You've got forty one hundred and thirty-eight notice. They keep going up into that range and trying to bounce, or they just can't seem to get up above all of that and get through it. 96 00:22:09.210 --> 00:22:17.640 Geof Smith: And I think until they can do that, maybe get above the forty, one, fifty area and go now. We broke it all. Now let's take off. 97 00:22:17.650 --> 00:22:42.679 Geof Smith: They're gonna have a lot of overhead in here, and they keep running up into that area and just kind of pulling right back down again. Um, they're doing a good job holding up. Don't get me wrong, but they've got They're going to get up into that forty one, ten to forty, one fifty area. There's just going to be a lot of overhead to try to plow through in there. And so that's kind of what i'm kind of watching on a longer term basis Can it plow through that, and if it can, 98 00:22:42.690 --> 00:22:45.019 Geof Smith: then I think we're probably gonna 99 00:22:45.040 --> 00:22:57.490 Geof Smith: get moving again. They might wait until January to do it. I mean, it may be, I mean they might just wait until the No New Year and say, Okay, we have a brand New Year here. Can we start moving up now? 100 00:22:57.530 --> 00:23:14.190 Geof Smith: Um, so. And i'm not real big on the January barometer. Um saying no down January or the down first five days and then the first month, and then we have a down quarter, whatever it may be. Um, I've seen a lot of those down January turn into big up years, so 101 00:23:14.200 --> 00:23:23.869 Geof Smith: um i'm not real big into that. But i'm usually pretty cautious in January. Uh, I don't like to trade a whole lot in January. I like everybody just to kinda you know. 102 00:23:23.880 --> 00:23:39.589 Geof Smith: Get their little feelers out there and see what this mark is trying to do, and uh, what's going on, and um, because everybody is going to be kind of anxious to kind of start trading in the next year now usually give the first two weeks to whoever wants to trade it. Um! And then start moving from there. 103 00:23:39.600 --> 00:23:59.889 Geof Smith: So but uh, but I think the metals markets, and actually the miners are usually stronger than the metals. Um, if you want to look at like uh uh Wheaton! Uh, what does that Wp: They change their symbol and drives me nuts when they do that, because they bought somebody else out. Um, but there's a silver weeden uh Newmont is no really good 104 00:23:59.900 --> 00:24:14.499 Geof Smith: Um! And the amount of gold I liked a lot. But I think they're getting bought out uh so be aware of that. Um, but I think you can look at the Sovs and the glds and all that. Um Wpm: Thank you. Um, 105 00:24:14.510 --> 00:24:44.460 Geof Smith: but um, that's that's the thing. Um, I think you can probably get into the miners, and I think they're probably outperformed the medals. But if you're just a medals person, I think you can know, Start dabbling in them, and I think you'll do well over. No, at least the next three to four months. Interesting. Great thanks for that, Jeff. Really really excellent. Great thanks for that. And And, by the way, everyone, if you didn't catch everything that Jeff has said, or that Chuck and Marqu have said already, You can go back to our website at Atv Traders dot com and get the recording. I do that 106 00:24:44.470 --> 00:25:14.450 Celeste Lindman: quite a few times, and just listen over and over, so you can get get all that. So thank you for that, Jeff. Marquette. Hope that everything's still weather-wise. Good for you over there on the west coast. What kind of what kind of style of trading is working for you right now? Or you know styles of trading. What are you doing? Yeah, kind of like what I was saying earlier. I I love to just, you know, Park, a position in a good trending stock for a bit and take that run. But I just feel like you know It's so spotty where we're getting those really good kind of 107 00:25:14.460 --> 00:25:34.119 Markay Latimer: the term sort of trends uh that. I've shifted a lot, and and I've done much shorter term than I used to. In fact, I don't. I i'm not. I'm generally not uh like the biggest day trading person, because I think a lot of times it takes more work than necessary, and it's gives you a lot of room to mess up. 108 00:25:34.130 --> 00:25:44.449 Markay Latimer: You know it's a hard it's our place to consistently be successful. But in these markets what I really like is taking advantage of, 109 00:25:44.460 --> 00:26:07.009 Markay Latimer: let's say, a news item that causes the markets to gap, because I feel like a lot of times, those gaps that you have a failure right over things stuck to to fill the gap, and and that is a day trade that I am loving in these markets. And so you'll take uh some kind of news like, you know, employment numbers and causes. If it causes the markets to gap down, and I I won't do anything until first 110 00:26:07.020 --> 00:26:20.160 Markay Latimer: let's say, seven minutes, because I don't I I wait out that initial volatility. But if we start to fill that gap, whether it's a gap down and then a rally or a gap up, and then a sell off. That is a trade that i'm loving so 111 00:26:20.170 --> 00:26:30.799 Markay Latimer: kind of being more like a contrarian anytime that you get a big, you know. Everybody's excited about the markets going up, and you have all the talking heads, you know, talking all bullish. 112 00:26:30.810 --> 00:26:45.550 Markay Latimer: I start looking for that bearish piece, and it's worked really pretty darn well in these markets. So i'm really liking that so, just being the opposite of everybody else, seems to work pretty well for me right now. Um, 113 00:26:45.740 --> 00:26:53.380 Markay Latimer: that's a big part of what i'm doing, and and you know. Look at um. We're at a selvie that Jeff is talking Slv. And 114 00:26:53.390 --> 00:27:20.279 Markay Latimer: this morning they gapped down, and they were around twenty, seventy-four ish uh give up, you know, fifteen minutes into the market, and they took off. They had a really good run. They went way further than filling their gap. But that's the kind of piece that i'm talking about is letting that fear in the market. You know that causes things to gap, then they get oversold. So you're just trading that rally, or things come back to kind of normal equilibrium or whatnot 115 00:27:20.290 --> 00:27:24.810 Markay Latimer: for things getting over bought, and so then selling off it's the same thing. 116 00:27:24.900 --> 00:27:36.499 Markay Latimer: It's essentially what I do in earning season with Stocks Gap too far on earnings. But now we just. We have it all the time just on different, You know news items, or 117 00:27:36.510 --> 00:27:46.240 Markay Latimer: you know how the you know a lot of it comes down to what the news, how that changes traders perceptions of what the fed is going to do lately. Right? So things like that become pretty big. 118 00:27:46.270 --> 00:27:57.190 Markay Latimer: So that's kind of the the first thing that i'm focusing on right. Now, that's my favorite in this market, and I don't expect that's gonna go away anytime soon. There's enough volatility and And 119 00:27:57.200 --> 00:28:16.720 Markay Latimer: by the way, stocks like apple that are choppy and sideways, and these tech stocks that I usually love to trade. But Aren't going anywhere for me. They can still work with this strategy right? So that so I do like that. Um! That's kind of the main thing. The other thing i'm doing, is it? 120 00:28:16.730 --> 00:28:27.029 Markay Latimer: And it's crazy for me. But I've gone back to a strategy that I generally don't like, and I haven't done it in years. But that's the credit spread strategy. 121 00:28:27.190 --> 00:28:44.319 Markay Latimer: So what I don't like about it. Is that the way you set up the spread, you often have you? You have a capped upside right. So whatever credit you bring in, that's all you're ever going to make, and then you have whatever your downside is, which is always bigger than your upside. So you have a trade 122 00:28:44.330 --> 00:28:49.760 Markay Latimer: that in my mind is upside down. You could potentially lose more than you could win on that trade. 123 00:28:49.950 --> 00:29:06.320 Markay Latimer: However, you also have time, decay working in your favor, and especially on these choppy or tech stocks that still have enough volatility that they have good premiums. I like going in and selling a credit spread, 124 00:29:06.330 --> 00:29:15.930 Markay Latimer: either, you know, on the call or the put site it the Bullsh, or the Bearish version. Uh I. It's working well, and and I it's something that that i'll look at 125 00:29:15.940 --> 00:29:34.890 Markay Latimer: on a Monday to sell the entire week. But then I also on Friday mornings i'll check to see if there is premium there. Uh another thing which I mean, that's kind of great, because you can do that with front week options. So you definitely have tied to K. Working in your favor. Another thing for anybody who wants to try this, 126 00:29:34.900 --> 00:29:42.520 Markay Latimer: check it out on even something like the spiders where you've got multiple expirations throughout the week. 127 00:29:42.570 --> 00:29:57.229 Markay Latimer: And what is crazy is i'm still seeing premium on some of these spreads even an hour before market, close on options on the spiders that are gonna expire that day. So you could go in, even in the last, 128 00:29:57.240 --> 00:30:10.350 Markay Latimer: you know, half hour hour of the market and bring it up. It's not going to be giant, but bring in a little bit of credit. Let that time decay. Work in your favor. Close it out, and you're done so. It's kind of a neat thing, both in the morning and toward the end of day very cool, 129 00:30:10.360 --> 00:30:40.349 Celeste Lindman: very cool. Well, what I'm hearing these traders say so far is that they're they're quickly adapting. They have a lot of different strategies uh ready to apply, and they're not afraid to go out there and apply them. I've heard a lot of things to have heard commodities. Uh uh, that's the first thing. First time I've kind of been hearing a lot of a a real trading on the outside of energy. I mean, that's kind of a no brainer. But you know some of the metals um kind of some things percolating there as well. So let's keep it going and check. I want to come over to you, 130 00:30:40.360 --> 00:31:10.350 Celeste Lindman: and some people were asking first of all they were asking about some of the stocks that you were long, And so I want to kind of address that real quick, too. And to say, Hey, like Cyrus is saying, you know, like Oh, you, you really have to do short term. But no, you go look at like like Chuck, said Eli Lilly. I mean go short That stock trade, that stock for just you know, in and out. I mean, that would be crazy because it's there. There's some very great long term trends out there, and that's why you want to think for yourself and be savvy on that. Um! So check um. Let's move on over to you, and 131 00:31:10.360 --> 00:31:29.569 Celeste Lindman: if you could tell first thing I want to ask you, though, before you kind of give us a list of some of those stocks that you were long. Could you tell us? You know you're a ten times trophy winner, I mean, that's huge. That is huge, huge, huge, huge. Tell us what does kind of mindset do traders need to have to be winners in volatile markets. 132 00:31:29.760 --> 00:31:33.279 Chuck Hughes: Well, um for me, Celeste. 133 00:31:33.560 --> 00:31:42.599 Chuck Hughes: Um! I am a system trend follower. I follow a system that has uh set rules, and 134 00:31:42.890 --> 00:31:52.990 Chuck Hughes: I I don't deviate from the rules. Uh, you know, and I learned that from Larry Williams back in one thousand nine hundred and eighty five one thousand nine hundred and eighty-six 135 00:31:53.160 --> 00:32:02.280 Chuck Hughes: in time time period, where Larry was a system trader, I went to his live seminars and learned how he system, trade, 136 00:32:02.620 --> 00:32:07.330 Chuck Hughes: and that fit in really well with my discipline as a pilot 137 00:32:07.680 --> 00:32:18.820 Chuck Hughes: Air Force, a pilot, and then uh a pilot for Major Airline and I was used to following procedures and checklists. So, learning from Larry how to system trade 138 00:32:19.150 --> 00:32:27.019 Chuck Hughes: fit in well with my background as a pilot, so I've been a system trader ever since, and I follow the trend 139 00:32:27.540 --> 00:32:37.539 Chuck Hughes: and go long. A. Obviously, when the the the trend is bullish uh use a protective stop to exit when i'm wrong, 140 00:32:37.750 --> 00:32:41.889 Chuck Hughes: and I also use the 141 00:32:42.450 --> 00:32:47.880 Chuck Hughes: help their channels to help me time my entry. So, for example, 142 00:32:48.420 --> 00:32:54.669 Chuck Hughes: right now i'm long in the drug sector. I'm Long Bristol Myers and Lily. 143 00:32:54.730 --> 00:33:03.080 Chuck Hughes: But I've been. I've been long for a long time for for months and months and months. So when I initially established that position, 144 00:33:03.130 --> 00:33:05.280 Chuck Hughes: Crystal Myers and Louis, 145 00:33:05.650 --> 00:33:21.629 Chuck Hughes: we're training above their ten month simple moving average. So I waited for I'll pull back what using the kelpy channels which is oversold over bought indicator when they pulled back towards the middle counter channel. 146 00:33:21.790 --> 00:33:29.940 Chuck Hughes: I pulled the trigger, and then once I establish a position, then I use a protective stop 147 00:33:30.680 --> 00:33:45.100 Chuck Hughes: uh to exit when i'm wrong. So these these stocks in the drug sector uh Bristol, Myers Lily in healthcare providers along Humana and Sigma in the energy sector, 148 00:33:45.120 --> 00:33:47.960 Chuck Hughes: oxy petroleum and devin. 149 00:33:48.740 --> 00:33:58.060 Chuck Hughes: Uh, once I establish those positions, I simply use a protective stop, and I normally trade call options on everything, 150 00:33:58.480 --> 00:34:04.609 Chuck Hughes: and when I get near expiration, If Bristol Myers is still on a 151 00:34:04.980 --> 00:34:20.390 Chuck Hughes: by signal, according my trend indicator, i'll go ahead and roll over those profits into the new option, and that allows me by rolling over those profits that allows me to reduce the cost, basis and risk of the new position 152 00:34:20.440 --> 00:34:37.279 Chuck Hughes: and my goal, when I roll over options, is to reduce the cost basis to zero, which I've been able to do with most of these uh names, and once you do that, then you, there's no more risk into trade, because you have no cost basis. You have a negative cost basis, 153 00:34:37.290 --> 00:34:41.519 Chuck Hughes: and there's no more risk. So you can just keep writing the trade. 154 00:34:41.840 --> 00:34:53.510 Chuck Hughes: And I've been along these names for a long time. So i'm basically a trend follower um I have longer longer term trades. Um. I also have 155 00:34:53.690 --> 00:34:58.089 Chuck Hughes: a short-term oscillator that I use, which is also a system 156 00:34:58.480 --> 00:35:08.830 Chuck Hughes: that i'm going to be talking about at the end of this presentation. But that's a a good compliment to my longer term trading, because the oscillator 157 00:35:08.840 --> 00:35:34.999 Chuck Hughes: is a leading indicator and not a lagging indicator. So the trades are very short term, usually nine to ten days with my oscillator, so that fits in well with my long term trend following uh systems love it, love it. I can't wait to hear more about that, and I can't wait for others to hear more about that before we kind of move over to that new oscillator. That is, from What I've seen is just incredible. 158 00:35:35.010 --> 00:35:55.530 Celeste Lindman: Um! People are asking. And if you don't mind sharing, how do? How do you set a protective? Stop! You mentioned a protective stop, and and then, when you, when you, when you do, roll over into a new option, are you putting the full amount that you use? Or Do you take some profits off, or do you putting in? You know, a bigger and bigger uh chunk in two questions? 159 00:35:55.540 --> 00:36:07.720 Chuck Hughes: Yes. Well, well, monthly uh I I I trade multiple contracts for for call options so monthly I'll I'll I will take profits on my biggest winners. 160 00:36:08.150 --> 00:36:19.610 Chuck Hughes: Uh, I I typically will take one fourth to one third of my position off the table monthly, and then for the other contracts. I roll over 161 00:36:20.330 --> 00:36:29.790 Chuck Hughes: into the new option, and I roll over all the profits uh from closing out the expiring option, and 162 00:36:30.090 --> 00:36:37.169 Chuck Hughes: after several rollovers I can usually reduce the cost basis to zero or Malone. 163 00:36:38.010 --> 00:36:44.080 Chuck Hughes: So the the the Rollovers are A. It's a money management technique 164 00:36:44.110 --> 00:36:48.080 Chuck Hughes: that allows you to, you know, reduce the cost, 165 00:36:48.530 --> 00:36:51.240 Chuck Hughes: basis and risk of the new position. The 166 00:36:51.430 --> 00:36:55.009 Chuck Hughes: and once I establish a position. 167 00:36:55.130 --> 00:36:58.960 Chuck Hughes: If it's a call option, i'll set a mental stop 168 00:36:59.500 --> 00:37:07.480 Chuck Hughes: at around a twenty percent loss. So if I have a twenty percent loss in a call option, i'll start to look to exit the position, 169 00:37:07.500 --> 00:37:26.309 Chuck Hughes: and if I have a thirty percent loss in the call option, then I then I i'm out, so I use the protective stop. Once I establish a position, and then, if I have a profit and the stock is still on a buy signal. Then I simply roll over the profits uh from the expiring 170 00:37:26.320 --> 00:37:30.880 Chuck Hughes: option into the new option, and many times, after 171 00:37:31.130 --> 00:37:34.379 Chuck Hughes: a few rollovers my my risk goes to zero. 172 00:37:34.640 --> 00:37:55.260 Celeste Lindman: Great! That's really really good. I love that lot of uh lot lot of tidbits there. Um, chuck with the time that we have. I really want people to hear about some, maybe some transitions that you made with these markets. You have a lot of experience. You've seen a lot of up and down markets, everything, you know, economic thing, everything you've seen it. 173 00:37:55.270 --> 00:38:05.130 Celeste Lindman: And this year you started looking at and and making some changes on on, and and finding this oscillator. Tell us more about this oscillator you found. 174 00:38:05.150 --> 00:38:07.529 Chuck Hughes: Yes, this oscillator 175 00:38:07.920 --> 00:38:14.689 Chuck Hughes: uh measures the true range of a stock over the last four, eight and eleven days, 176 00:38:14.800 --> 00:38:17.060 Chuck Hughes: and what it does. Is 177 00:38:17.530 --> 00:38:27.219 Chuck Hughes: it it th those three time periods, the true range uh you take the average of the of those true ranges, the four day, the eight day, eleven day, 178 00:38:27.270 --> 00:38:32.120 Chuck Hughes: and then you compare it to the price movement of the stock, 179 00:38:32.340 --> 00:38:35.660 Chuck Hughes: and if the price movement 180 00:38:35.740 --> 00:38:37.360 Chuck Hughes: of the stock 181 00:38:37.970 --> 00:38:42.640 Chuck Hughes: is is reaching new lows. But the oscillator 182 00:38:42.910 --> 00:39:02.810 Chuck Hughes: which measures the velocity over those three time periods. If the if there's a divergence between the rate that the that that stocks going down and the stock making a new low price. In other words, the stock makes a new low price, but the oscillator does not. There's a divergence there, 183 00:39:02.820 --> 00:39:07.740 Chuck Hughes: and once that occurs, then I jump in, and 184 00:39:08.030 --> 00:39:14.980 Chuck Hughes: I get a by signal. When when I get a point two, five reading on the oscillator, and 185 00:39:15.030 --> 00:39:32.010 Chuck Hughes: uh, it's It's a a great complement to longer term trend following, because the oscillator is a leading indicator and not a lagging indicator. So the trades last eight, nine, ten days uh, for example, in 186 00:39:32.050 --> 00:39:35.470 Chuck Hughes: uh the November uh, 187 00:39:35.850 --> 00:39:39.150 Chuck Hughes: I got a bunch of signals on November third, 188 00:39:39.290 --> 00:39:41.919 Chuck Hughes: or the queue queues 189 00:39:42.270 --> 00:39:45.069 Chuck Hughes: uh apple Adobe, 190 00:39:45.320 --> 00:39:47.700 Chuck Hughes: Amazon, Google. 191 00:39:48.210 --> 00:39:51.080 Chuck Hughes: And what happened was those 192 00:39:52.020 --> 00:40:01.769 Chuck Hughes: those stocks made New Lows short term lows. But the oscillator did not make a short-term loan. 193 00:40:01.890 --> 00:40:06.999 Chuck Hughes: So there was a divergence there. In other words, the rate that they were declining 194 00:40:07.370 --> 00:40:26.230 Chuck Hughes: was was decreasing, so that that divergence uh caused the oscillator to go along all those stocks as they were making new low. So it's a leading indicator, and they all bounced within about a seven to ten day period, 195 00:40:26.240 --> 00:40:38.449 Chuck Hughes: and most of those had a ten percent return for the stock much higher return for the option, of course, but just for the stock itself most of those signals had an eight to ten percent 196 00:40:38.780 --> 00:40:41.389 Chuck Hughes: profit just on the stock. 197 00:40:41.870 --> 00:40:56.379 Celeste Lindman: What made you What made you this, you know? Think about this, Chuck. What made you decide, you know. To put all this knowledge you have into this type of a a leading indicator. How did that? How did that come about? 198 00:40:56.470 --> 00:41:13.170 Chuck Hughes: Uh it? It came about because of two thousand and twenty-two, probably one of the probably the toughest year I've ever traded. I've been trading for thirty-eight years, and probably the most difficult year ever in that in those thirty-eight years, so 199 00:41:13.180 --> 00:41:23.459 Chuck Hughes: I I had to find something that was shorter term. I mean my my longer term trend following is still working, but it's just a lot tougher in this type of market 200 00:41:23.710 --> 00:41:29.780 Chuck Hughes: to profit. So I wanted something that was short-term It just gets in. It gets out. 201 00:41:29.880 --> 00:41:34.090 Chuck Hughes: And that oscillator has a long history of 202 00:41:34.370 --> 00:41:38.049 Chuck Hughes: high percentage of winning trades, and 203 00:41:38.340 --> 00:41:44.090 Chuck Hughes: it fit in really well with longer-term trend following to have a shorter term system 204 00:41:44.110 --> 00:41:56.850 Chuck Hughes: that uh buys on a counter on a counter trend. So uh, it was really the market conditions this year that led me into a shorter term system. 205 00:41:56.890 --> 00:42:03.809 Chuck Hughes: But it is a system. It has a set by signal, a set cell signal, 206 00:42:03.830 --> 00:42:13.240 Chuck Hughes: and if you know, if you can follow a system like that that has a long history. I I did twenty years of back testing 207 00:42:13.280 --> 00:42:17.090 Chuck Hughes: generated almost nine thousand signals. 208 00:42:17.110 --> 00:42:19.300 Chuck Hughes: So if you can follow 209 00:42:19.450 --> 00:42:23.090 Chuck Hughes: that has a long history of success. 210 00:42:23.140 --> 00:42:26.109 Chuck Hughes: You can get that discipline. You need to keep 211 00:42:26.580 --> 00:42:34.329 Chuck Hughes: taking the trades, even though you run into a losing period or draw down whatever. If you maintain that discipline you, 212 00:42:34.680 --> 00:42:41.030 Chuck Hughes: you know you, you can succeed even in a market like we've had in two thousand and twenty two. 213 00:42:42.120 --> 00:42:57.790 Celeste Lindman: How people are a lot of people are asking. You know exactly what Pete's asking right there. How do we get a hold of this oscillator indicator? Is it available? Can you tell us more information how we could learn to apply this technique to our own trading. 214 00:42:58.010 --> 00:43:05.049 Chuck Hughes: Yes, uh, at the end of this presentation. Um, I have some slides that i'm gonna um 215 00:43:05.550 --> 00:43:24.699 Chuck Hughes: talk about. And um next Tuesday Roger and I are going to do a presentation on the oscillator, and we will discuss the oscillator, which we call the the champion indicator. And uh, we'll go into detail on the oscillator next Tuesday. 216 00:43:24.730 --> 00:43:39.559 Celeste Lindman: Well, why don't you go ahead and share with us uh some of those details that you have the opportunity that you have for us, so that we can learn more about this oscillator. So go over. Go ahead and take that screen sharing over, and because we're chopping at the bit, we want to know what you have. 217 00:43:39.680 --> 00:43:44.519 Celeste Lindman: It sounds very appealing, and I love what I love, What Chuck said about 218 00:43:44.530 --> 00:44:13.569 Celeste Lindman: how he You know he's he's a systems trader. He follows rules. That's how we trades, and he's got you know, long term midterm. And now this really short term oscillator. And he mentioned Larry Williams. You know such a key uh key Guy is name. We've been tossing around quite a bit here lately, and um and and again chuck is is this ten times champion taught Lot uh largely from Larry Williams, and now taking his his process in the market, 219 00:44:13.580 --> 00:44:25.550 Celeste Lindman: putting it together, forming his own oscillator. We've got history in the making again here today, so we want to hear about it. Thanks, Chuck, for sharing this with us. Go ahead and take it away. You can go get that Um! 220 00:44:25.710 --> 00:44:33.759 Celeste Lindman: Uh! What is that button up there on the right to make it a slideshow, if you want to, or you can keep it that way, too. It's up to you because we just want to know. 221 00:44:33.790 --> 00:44:34.930 Yes, 222 00:44:35.230 --> 00:44:36.899 Chuck Hughes: slide show 223 00:44:39.120 --> 00:44:53.990 Chuck Hughes: all the way to the right all the way. Oh, there you go! You got it. You got it. Oh, okay, right. You're a pilot. You don't need me. Uh no. I get my kids to help me out with everything. I can't figure it out. So uh, 224 00:44:54.010 --> 00:45:01.229 Chuck Hughes: okay, good. Well, yeah, i'd like to talk about this um oscillator that I developed. And 225 00:45:01.960 --> 00:45:03.169 Chuck Hughes: um 226 00:45:03.590 --> 00:45:11.620 Chuck Hughes: when when the markets started heading into new lows in late September, I started to 227 00:45:12.290 --> 00:45:21.160 Chuck Hughes: develop this oscillator. That is short-term. It's counter-rend, and that you, 228 00:45:21.190 --> 00:45:41.180 Chuck Hughes: you know, can that radically transform the way folks like you and I trade the stock market. Uh, it's a a leading indicator uh it buys when the stock is making a new low. So it's it's counter-rend uh, and and just the opposite of what I've been doing for a long time. But, 229 00:45:41.190 --> 00:45:58.909 Chuck Hughes: uh, in the in these kind of markets you need that kind of thing, So it's a way to measure that. We We have a scanner for the oscillator, and it'll scan four thousand stocks every day, and it looks at your propensity to buy or sell a stock in the short term, 230 00:45:59.920 --> 00:46:16.900 Chuck Hughes: and uh, most folks have no clue but Investor Pedi says Wall Street whales have the power to move a stock price, regardless of fundamentals. So that means, uh, no matter how the company is doing on paper. 231 00:46:16.910 --> 00:46:24.510 Chuck Hughes: What the media is saying is, when a Wall Street whale gets involved, a stock move could be imminent. 232 00:46:24.630 --> 00:46:35.069 Chuck Hughes: So, and we've seen that a lot this year things just come out of nowhere and surprise you and causes the stock to go up or down, 233 00:46:35.080 --> 00:46:46.170 Chuck Hughes: and many times that means getting the rug ripped out from underneath us as traders, and we don't like to. We don't like those things we can't predict one hundred and fifty, 234 00:46:46.180 --> 00:46:58.879 Chuck Hughes: and the the unknown and the the thing that's lurking somewhere that's gonna cause your stock to go down. So let's look at. This is an example for Tesla. And late 235 00:46:58.960 --> 00:47:10.449 Chuck Hughes: the summer this stock was picking up serious steam. It was up thirty percent in just a few months. So that I mean that's a huge move for a stock. 236 00:47:11.410 --> 00:47:14.750 Chuck Hughes: Here's the uh price chart, 237 00:47:14.770 --> 00:47:22.960 Chuck Hughes: so it it picked up thirty percent in just a few months, and you can see this huge move. It was going 238 00:47:23.050 --> 00:47:35.630 Chuck Hughes: uh from lower left to upper right on the chart, So you always want to see that you always pay attention to that as a trend follower. So thirty percent move. That's that's huge. 239 00:47:36.210 --> 00:47:43.889 Chuck Hughes: Um! And then it paused in September, and it looked like, Oh, man, this pause is going to be 240 00:47:43.960 --> 00:47:54.670 Chuck Hughes: a buying opportunity. So but as we've seen over and over again in two thousand and twenty-two out of nowhere. The stock began tumbling, 241 00:47:55.190 --> 00:48:01.359 Chuck Hughes: and we can see I mean it just dropped off a cliff. Here. I can't really see the the the price 242 00:48:01.520 --> 00:48:09.310 Chuck Hughes: the right-hand side here. But you can just see just from the chart how it dropped off. I mean just tanked 243 00:48:09.390 --> 00:48:24.899 Chuck Hughes: and you're, you know, as if you own Tesla, you're You're wondering what the hecks going on. So it was a false breakout. If you bought the false breakout, you know you would have lost big, and you would have lost money. 244 00:48:25.360 --> 00:48:36.700 Chuck Hughes: So uh, eventually the news came out. Why, Tesla was tanking. But for the average guy like you and I it was. It was too late. 245 00:48:36.730 --> 00:48:54.519 Chuck Hughes: So Elon Musk uh sold nine million six hundred and fifty thousand shares, average price of two hundred and eight, and he. He took out about two two billion dollars from selling those chairs. So of course that's all legal. He He can do that if he wants. But 246 00:48:54.530 --> 00:48:57.240 Chuck Hughes: uh the stock was tanking, and 247 00:48:57.640 --> 00:49:10.660 Chuck Hughes: you know it was too late for the average guy owning Tesla to not experience a big loss if they owned a Tesla, or call options on Tesla. So 248 00:49:11.120 --> 00:49:21.359 Chuck Hughes: Investipedia says if something goes wrong with a company and all its big owners sell in mass, the stocks value will plunge. 249 00:49:21.510 --> 00:49:22.589 Chuck Hughes: So 250 00:49:23.110 --> 00:49:30.300 Chuck Hughes: uh, in this case the investors another case where they got the rug ripped out from under their feet with no warning, they 251 00:49:30.520 --> 00:49:49.250 Chuck Hughes: so, but my oscillator picked up a cell single for Tesla. All right, pretty much right at the at the top, right right up here. So the oscillator uh issued a cell signal for Tesla, and if you own the stock or a call option, you know, you would have exited 252 00:49:49.260 --> 00:49:51.149 Chuck Hughes: at that cell signal 253 00:49:51.530 --> 00:49:58.519 Chuck Hughes: uh before it had the thirty eight percent tumble. So you can see most of this humble. Here 254 00:49:58.540 --> 00:50:05.720 Chuck Hughes: was after this cell signal by the oscillator. So again you got out here 255 00:50:05.760 --> 00:50:25.369 Chuck Hughes: and uh Tesla dropped. I think it was thirty-eight percent or something, so you would have avoided the painful uh loss and if you had bought put options, then you had the opportunity to uh make a fifty-one percent gain on that Drop in, 256 00:50:25.380 --> 00:50:40.589 Chuck Hughes: put options in a in a little less than a month period of time for a put option on that cell signal. So when a Wall Street whale, like Elon Musk gets involved, a stock move could be imminent. 257 00:50:40.670 --> 00:50:41.750 Chuck Hughes: So 258 00:50:41.990 --> 00:50:57.790 Chuck Hughes: We're going to go over this oscillator next Tuesday at one Pm. Eastern, and we'll be revealing this project for the first time. Uh, but I need your help. I set up a a very specific list of instructions, 259 00:50:57.800 --> 00:51:12.889 Chuck Hughes: all detailed in a secret mission document. I love that as a Air Force pilot I used to fly secret mission. So I love I love that. Yeah, you got some stories on that. So um, 260 00:51:13.640 --> 00:51:18.640 Chuck Hughes: to be clear, we call this the champion indicator. 261 00:51:19.210 --> 00:51:38.400 Chuck Hughes: But if you if you sign up today, you'll be two steps ahead of the other traders. Uh, come Tuesday at one Pm. Eastern. So this gives you an advance uh look at uh the champion indicator, and you'll be ahead of the crowd that uh tunes in on Tuesday, so 262 00:51:38.410 --> 00:51:49.989 Chuck Hughes: you'll be receiving a a private telegram channel to hear directly from me over the coming days. As we step out into this new system together, 263 00:51:50.130 --> 00:51:51.330 Chuck Hughes: and 264 00:51:51.590 --> 00:52:08.759 Chuck Hughes: we'll have some uh trading ideas over the next few days and on how to use this tool, and we'll look at the back testing that sh that worked on Tesla and hundreds of other stocks in two thousand and twenty-two. This this oscillator has done 265 00:52:09.150 --> 00:52:27.539 Chuck Hughes: very well, even in this really choppy market, you know it's shorter term, and uh, you you can take advantage of those short term. Swing moves, you know, like this moving Tesla. So it's had uh hundreds and hundreds of signals this year, and has done very well this year. 266 00:52:27.550 --> 00:52:34.070 Chuck Hughes: Uh, even though we we've had a difficult market, you know It's shorter term you're in. You're out, 267 00:52:34.380 --> 00:52:40.430 Chuck Hughes: so it's done particularly well this this year, and uh it's it's, 268 00:52:40.870 --> 00:52:53.910 Chuck Hughes: you know it's bit. The back testing goes back to two thousand and two, and it's been very consistent uh producing profits over that uh twenty year period. So we'll take a look at that, 269 00:52:54.030 --> 00:53:13.859 Chuck Hughes: and we're having the first ever champion indicator summit next Tuesday at one Pm. Eastern, and if you sign up now you'll get a nine page right up that I haven't shared with anybody before uh giving you a key insight into this uh discovery 270 00:53:13.870 --> 00:53:27.699 Chuck Hughes: of the short term oscillator. So I want to be in touch with you over the next couple of days, and I want to hear your feedback before we go. Live on Tuesday at one Pm. Eastern. So 271 00:53:28.040 --> 00:53:45.830 Chuck Hughes: uh this gives you a chance to get ahead of everybody uh we're not gonna charge anything for this. So if you sign up today uh there's there's no charge. Let's get that link in there, Adam. There's the They're the link Dot: com forward, slash, Chop: 272 00:53:46.580 --> 00:54:15.779 Celeste Lindman: Yeah. Excellent. So yeah, that is free. Everybody that's free. You just go there. You click that link. You're gonna get that report. I've looked at it, and just as you all were typing in the chat and people who were saying, Oh, like you use those kelter channels, and how much you've learned from Chuck. This is a solid report. You want to go, Kit. The report you want to be there next week on Tuesday. This is groundbreaking. This is that we're making history. This is fantastic. It's It's a no brainer. It's. You're not paying anything. 273 00:54:15.790 --> 00:54:44.239 Celeste Lindman: You you just getting knowledge. So make sure That's what you do. Right Now you go to that link. Put in your information. They're going to ask for your email address. They're gonna ask for your cell phone number. Put it in there. You know I love getting. I love getting this information now by my cell phone. By the way, you know this telegram. This is: this is phenomenal. I'm getting these key insights. And Chuck just said he has his is getting his own telegram channel. You You're gonna You're gonna get chuck in your back pocket. I mean, when could you ever do that? 274 00:54:44.250 --> 00:55:04.769 Celeste Lindman: You're getting a ten times ten times trophy winner, champion in your back pocket, and he's going to give you some insights. Um, you know. With that with that telegram very, very, very powerful. So make sure you go at there. Do that. Go sign that up right now, and uh and be there. Put it on your calendar next week on Tuesday. Right chuck Tuesday, one o'clock, Eastern 275 00:55:05.120 --> 00:55:10.439 Chuck Hughes: forward to seeing everybody. Um, next Tuesday at one Pm: Eastern. 276 00:55:10.450 --> 00:55:34.280 Celeste Lindman: Yeah. Great. And so um. So is there a way to also for people that are not in the United States uh to get a number in their Adam. Do you know, Jeff, do you know um? How do people participate with that? Um, If you are in a different uh in a different country. Yes, Chuck's telegram channel. So you go in and you sign up and Ga. You're gonna get um access to his telegram channel. So yes, absolutely 277 00:55:36.190 --> 00:55:38.430 Celeste Lindman: so, Jeff, Are you going to go get this? 278 00:55:39.010 --> 00:55:51.960 Celeste Lindman: Uh? They're saying that that that the uh is there? Is? Is the link working actually to go in there and get signed up? Um. Probably a lot of people hitting it right now. Yes, 279 00:55:52.910 --> 00:55:56.430 Celeste Lindman: Yep, yep, um are. You is. Are you guys able to get in? 280 00:55:56.820 --> 00:56:00.810 Celeste Lindman: Everybody able to get in? I'm saying, Yes, okay. People are able to get in. 281 00:56:01.110 --> 00:56:27.380 Celeste Lindman: And yes, yes, yes, So keep trying. So keep trying. And uh, yeah. So you're gonna get your email address in there and your cell phone number and you're gonna get it. They've got the report already. George has that way to go. Link works. Thanks. Jim Morse says the link works, Hey, Morse, But how's the weather up there? Uh everybody's getting in. So yeah, how do you get the telegram Channel? That telegram Channel Uh: should be in an email that comes to you. It tells you how to get into his his telegram channel. 282 00:56:28.320 --> 00:56:58.309 Celeste Lindman: Correct me if i'm wrong, Adam, or if anyone else knows. Yeah, I did, too. I in that report great, I mean who they do good work. They do good work. You can read about it over the weekend, and it's just like Chuck, that you're going to be two steps ahead of everyone before you even get there at the one o'clock event. You're going to get knowledge, and these traders, if a ten time. Champion trader can say that two thousand and twenty-two has been the most difficult year; that he's traded in all of his years of experience. That's big, 283 00:56:58.320 --> 00:57:09.310 Celeste Lindman: and if he's come up with an oscillator to trade this market and use it in all types of markets, then this is powerful, and you want to be there that knowledge is power. It pays you over and over and over again. 284 00:57:09.760 --> 00:57:12.359 Chuck Hughes: Yeah. And the facts that 285 00:57:12.420 --> 00:57:28.999 Chuck Hughes: this system generated I think it was eight thousand six hundred signals. That's statistically relevant. It's not a small sample size. 286 00:57:29.010 --> 00:57:44.590 Chuck Hughes: Yeah. So um, yeah. So that's uh, you know, if if you study statistics, that that's a pretty good sample size, and um, you know, to have high accuracy with that many trades, I I think, is significant 287 00:57:44.680 --> 00:58:14.669 Celeste Lindman: absolutely uh coming from. You know a numbers guy that's looking at the numbers looking at the markets. That's that's huge. So i'm excited. I'm excited for that. Uh, that's gonna happen on Tuesday again. Mark your calendar. Make sure every single one of you Go there and you get it right. Now go to that link. Sign up and download the the report. Read it over the weekend. Be there at Tuesday one o'clock, and and learn this, and start applying this knowledge to your trading right now. You heard every single one of these traders 288 00:58:14.680 --> 00:58:44.670 Celeste Lindman: talk about how they're coming into that short term? You've heard them talk about the volatility, you know, that is still in the market. Um! You have a lot of professional traders that you know. Some are on this side of the fence, others are on that side of the fence. You need to pay attention to that people. You really really really need to pay attention to that. And you really need to think for yourself One way you can do that is downloading that copy, reading it, thinking for yourself, showing up at that one o'clock event, applying your knowledge and be a savvy trade, 289 00:58:44.680 --> 00:58:55.150 Celeste Lindman: so i'm glad you all joined us here, and we're gonna leave that link up there and uh in the in the room, so you can all get signed up. Uh what else? Anything else that chuck you have to add 290 00:58:55.650 --> 00:59:07.989 Chuck Hughes: The people I know. Uh, I i'm excited that Roger will be with me on Tuesday. I love doing uh presentations with Roger. Uh with the energy level. And 291 00:59:08.000 --> 00:59:17.689 Chuck Hughes: uh, I have. I think I have a really good rapport with Roger now, so I I think it's going to be uh a a great presentation. Not only uh 292 00:59:17.710 --> 00:59:25.939 Chuck Hughes: you will learn a lot of stuff, but it's it's also entertaining, I think, when Rogers on board 293 00:59:26.030 --> 00:59:46.990 Celeste Lindman: it is really great. Um! Let's drop that link in there one more time. Some people are saying that they're not that that the link is not working for them. Uh, let's get a phone number in there. Let's make sure that people can call and get make sure you get signed up because it's for free. Okay, it's free. And if you cannot get in there, then send me an email. I'm gonna put my email address. 294 00:59:47.530 --> 00:59:49.259 Celeste Lindman: Uh, let's see. What is it? 295 00:59:50.120 --> 01:00:19.030 Celeste Lindman: You know what your email address is? I hardly know my name. Actually, I just cannot multitask. Okay, there, Now, you know, I cannot. Multitask cannot think and type the same time. If there's my email address. If you are not getting in there, send me an email. I'll make sure that somebody gets with you and make sure that you can get that downloaded because it's for free. Okay, we're going to leave that link up there. We're gonna sign off. So you're not going to see our faces here, but the link will be there. We're i'm gonna head over to Uncle Roger's room there on that. Ask the pros premium 296 01:00:19.040 --> 01:00:49.030 Chuck Hughes: where we're going to get some more great juicy content here for this Friday, this first Friday of December uh before um heading into the weekend. So thank you, everybody for joining us. It was great, and the content was great. Thank you, Jeff. Thank you for hosting Celeste. It was great being here today and appreciate you, taking the time to organize and set this up and act as the moderator. It was great being here today. Thank you. Good, good, good, beautiful. 297 01:00:49.040 --> 01:01:00.259 Markay Latimer: It's good. Take care of our cat or stay safe, Marquet. Thank you. We'll see you. We'll see you soon. Okay, 298 01:01:01.160 --> 01:01:15.339 Celeste Lindman: All right. I'm gonna head over to that. Ask the Pros premium Room. Make sure that you know you got that link. You can still sign up for. Ask the pros premium. It is fantastic. It's just fantastic. So uh, anyway, i'll see all over there. Have a great weekend, Everyone.
2 Comments
The video posted for December 2 Ask The Pros is wrong, but the transcript is correct. The video was hosted by Tom Busby and I think this was November 18.
The transcript is correct, for December 2, hosted by Celeste and featuring Geof, Markay, and Chuck Hughes.
Thanks for bringing this to our attention, Alan!
Just fixed it. Take a look and let us know if looks ok to you now!