 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Everyone, Basil Chapman on this Tuesday. This is the 29th of March. If you're looking at the short-term trading vehicles, we're looking at the E-mini, the June E-mini made a peak E-top of the one-minute chart. Just after the open, we hit 46, what was that, 23? Yeah, 23 round number trading right now at 45.95. There's that dreaded H underneath the 200-period moving average in the one-minute chart. Two-minute chart was a peak D. Five-minute chart was a peak E, and I haven't yet put the down arrow because I have to wait for this board to complete on the 10-minute chart at a peak D. So buying the rumors, selling the news, this is still rumors as far as I'm concerned. You want to believe anything that Putin says. Remember, when he waves his hand to the right, you've got to move to the left. When he moves to the left, you've got to move to the right. Parry, that's what you've got to be doing all the time. So I would not be believing one word about whatever he's saying. There's a strategy there that you know is being absolutely asymmetric to what's being spoken and what's being believed by the West, how we can fall for it over and over and over. I'm not sure, but anyway, that's the story as well. I'm concerned this is a leg. This is a very important moment in the Chamois methodology. Let me go through this one at a time. Look at these charts. On the left is the daily Dow. In the middle is the weekly Dow chart. On the monthly chart, right side, we've got a peak E and we've pulled back with two bars. Now, what's really important is that in the Chamois methodology from an identifiable low bar, if you get an upgrade of each peak and you go from a buy signal to a buy mode, the implication is that you should get at least four higher peaks. Peak A is the first, peak B is the second, a higher peak is C, and then a higher peak after that is D. We're in leg D. A leg stays that way. This is a floating ladder. This D stays there as long as we're making higher highs. The moment we make a lower high in this case, the Dow today made a high of 35,372. I suspect that some of the gap will be filled. Will it all be filled? Well, the magnitude is strong. The stochastic is great at 93%. On balance volume is getting to be a tad high, but it's not overbought yet. The nine is still way above the 14. The price is way above the 200. The 14 is just about to cross the 200-period moving average. All of these are positives. So the day is young. And what we're looking at is we've got a strong grey leg A, grey because the Magnet hasn't crossed positive. Stochastic is still very weak at 43%. On balance volume did make a nice V-shaped turnaround. And the price did move commensurate with that, but the nine hasn't moved. The pink nine hasn't moved above the 14-period moving average. So this is still early in the stages. And the weekly chart usually takes the longest to repair any damage. If you look at the monthly chart, it actually sometimes looks even better than the weekly. And the daily looks great. So the weekly is the one that you wait and wait. And eventually when you get a buy signal going to a buy mode in a weekly chart, that's fantastic. We haven't even got the buy signal yet. After it's a weekly chart, you have to wait for Friday. In this particular instance, look at that monthly chart. Well, the month is young. We'll see. I always say it's young up until four o'clock on the day that the bar closes for that month. So we have to go to Thursday at four. Look at the S&P monthly chart. Monthly chart, this is absolutely ideal. This is exactly what if today was Thursday. I'd say this is fantastic even though the day is young and anything can happen. But it's not. We've still got almost three days to go. Today, tomorrow, and the next day. Anything can happen. We've seen markets go from sell mode in the monthly chart on the last day or two to screaming move up that changes it to a buy signal. A monthly. So let's just see what happens. We're almost at the low of the day after the gap up. 46.02.86 on the S&P gap up goes a little high, quite a bit high. 46.27.63. We're trading right now at 46.00. We're going to be watching this very closely. It is a LED. D is where other things can happen. The objective in the chapter of methodology is to get from a buy signal to a buy mode. And then at D, other things can happen. That's where you can get a sharp pullback. That's where you can recycle to a brand new instant chapter of instant restart for another four peaks higher. It goes. Anything can happen at D. And if you're looking at just quickly, going back to the Dow, I just wanted to show you one other thing is that the starting point two weeks ago, prior to the market opening, we went along the Dow. We were still along the core position way back from almost the lows of 2020. That's not the point. Point is we've traded long and short, long and short. We added to the long position and we've taken two little bits off. We took one little bit off after just the first sharp move up as money management. And then because we always at leg D want to be a little careful, took a tad off yesterday. And what we're really looking at now is how does it hold? You've got tremendous support between 34,500 and 34,400 where the 200 period moving averages. What happens? I mean, what happens if all of a sudden this doesn't turn out to be the panacea that everyone thought would occur with Ukraine being split and divided and everything? With Maripole evidently falling to the Russians and falling what 90% of the city is in absolutely war torn area. I mean, this is tragic. So what we're looking at is there's no easy solution either way. So I, when you've listened to Tommy O'Brien, Tommy does the show from nine o'clock. He kicks us off here at, he's got the market kickoff. The ATF and then great program all day long starts up with Tommy with his market kickoff. And he was talking about this as you, there are a lot of worries out there and there are a lot of positives. And you're just going to make a kind of, you've got to simulate what's going on and you've got to make specific, not decisions, but double decisions. In other words, you have to make a decision with a caveat to say, hmm, but maybe that's not going to work out, but at least we want this position. And then you're going to make another decision and say, oh, this is so bad. And then you look around and you say, wait a minute, CTS, CTS is syntax overalls, uniforms, rentals going from a low under 360 to 427. I mean, that's an incredible move. And that's the economy. They don't make decisions in the rental business for overalls and uniforms on the spur of the moment. That's to do with a many, many, it isn't just restaurants, et cetera, entertainment. It's to do with many areas of the economy. So this is a good sign. So there are good signs. Now, okay, let's get back to our story. We're going to the QQQ, NDX 100 at the low of the day. She says to 640 up 1.50. And it made a new recovery higher. She's 70.72. This is only late feet. Technically, this is a buy mode because the MAC, these good statistics at 96 percent, that's fabulous. It's way over the 9 and 14 features. It's also a way of improving the average. This should take us to higher highs. Nice. Right back to 100 percent. Are you looking for a way to consistently add winning trades to your portfolio? 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It's a very useful informative chart in my view, specific to Love, Canary and the retail coal mine. Got a hot business calls. We'll try to be back with Steve Zipola and Tom. Sorry, I'm missing your show today. It has a good luck everyone. Who is this? Oh, this is Jimmy. Yeah, so that's a retail source. Check what it does. They sell modern furniture. Look at that gap to the upside. It's up 28% of 13, up 13.42. At 60.54. And this is an IPO back in 2018, summer of 2018. At that point it had a high of about 47. Drops down to, I don't know what to drop down to. I should know, right? Let's see what goes down to 809. 4, 4.04. Back in March of 2020 low. Screens up to a high of 96. 95.51. In June of 2021. Plumice down to the 35 area. And today it's almost double. They had a high today of 63. Yeah, that's what I'm saying. That there are areas, and this is really what we try for subscribers. We've been trying to do that. Now there's one area that we had a fantastic run on. And today it's taking a dive. And of course it's to do with the commodities. I want two of them. One is the deer, which we've been along since about the 14th of March. I think we got around about 387. Screens up to 437.98. We've taken two little bits off. Took one right at the opening yesterday, almost at the exact high. And now it's dropped sharply. Now the big thing about this is, I said it's in the area of the agricultural area. And it's really important to attract this farm equipment, et cetera. But one of the things I said I am rather nervous about is that if this big rectangle that it's been in looks like the IWM chart that was going sideways between a certain trading band for a long period of time. This goes back to May of 2021 at 400.34. And a couple of weeks later in June, drops down to 321.90. Let me just type that in here. 321.90. And then it goes sideways between this trading band. It goes to PD. Remember, Chapman Way PD. 393, run number high. Rik of the 3rd of September. Pulls back again to that 320 area. Then it goes peak ABCDE. And pulls back sharply. Doesn't take out the left side low. And then screams above the 400 resistance and goes in a single leg all the way up to what I'm calling a peak F or a leg F at this point. And my concern was that when Dia suddenly pulls back for whatever reason, could be the commodity related, it doesn't matter what it is. If it pulls back, could it pull back so sharply that it goes back into the rectangle, keep your eye on this picture in the middle right here. There we go. What is that at a PD? Well, the IWM went from the 234 high of week and 19th of March 2021 down to the 207 level just two weeks, one week later. And then it stuck in that range for a long time until it finally made that PD at a high of 240. I forgot. 244.46. Let me put that in right now. 244.46. And then what did it do? It plummeted down into the rectangle, the long side, remember narrow, long sideways rectangle can last a lot longer than your patients. Chances are if it's at highs, it breaks to the upside and then it comes back in. You've got to be careful that it doesn't break to the downside because it could do a propeller shaft one to one to the downside. What it did, it went down to the 187 level around about a 22nd or so of FEB and then it ran up and it's coming back. So I'm saying, okay, I'm going to have to make some decisions about deer. Could it be not just a momentary move but could it be something more serious? We'll see. What's Caterpillar doing? We don't have Caterpillar. Caterpillar you see was fading. It didn't have as good a chart pattern as deer. So we're going to have to watch that one very closely. A couple of things that I'm looking at here. I didn't finish all the, what I wanted to do and the questions I had. So let's just go to this. So when I'm looking at all of these, I've got the IWM right now up and leg D is getting closer and closer to the 200 period exponential moving average of 211.66 made a high today of 210.46. In leg D, these D's are where you've got to be a little careful all the way around. The QQQ was only in a B. And that says there's residual strength in the QQQs and there's a chance that they will make a peak C and a peak D over the coming week or two we'll be watching that one closely. Okay, let's go to gold. Gold is still down sharp, it's down 28. It's come back a little bit from the low of the day which was at 1893. We're at 1916. So it's gone in the Chapman Way methodology of the dreaded age pattern. What does that mean? Let's go there. Move that away. Yeah, so we have three patterns that I'm always looking at in the Chapman Way methodology. One is straight up and straight down. There's one up and down straight line. Cup formation, arch formation. And it's a red when it's an arch formation because when it comes down it looks like a lower case H takes out the left side low. Be careful because if it does that and within two or three sessions, usually I say two but it can be three. It doesn't close above the left side low. That's a big problem because if it goes deeper than that it can go one to one to the downside and on this side here you've got straight line up and a cup formation if it takes out the left side high it can go quite a bit higher. All right, so what we're looking at is we've gone to a leg B to the downside and the low of the 14th I think it was 16th, 16th of March at 1900.1 in the continuous contract was taken out today but now we're sharply above it in 1917. That means that there's a chance that this pattern could become a lower case H that can go to a lower case M because the geopolitical aspect remember I talk about gold very often as being a geopolitical icon of fear and if that's the case then what we're looking at is maybe it holds fairly steady and it goes into an H that turns into a lower case M pattern. All right, if you look at the weekly chart it's gone straight up to 27, 2078.80 on the 8th of March comes straight down doesn't form the Eiffel Tower straight up straight down pattern. I don't know, I think it's still kind of in play and to put it, look at the weekly chart there's double top and it also had resistance you're going to be watching this very closely if you're looking at, let me just do silver quickly because I know a lot of people in silver oops, I typed that in the wrong place right there. All right, here comes silver hey ho silver, we're looking at SI it made a much lower low even below the 200 period moving average in leg C to the downside it's just a little bit above the left side low I think silver looks a little bit more precarious than gold so that 24.24 level of joint period moving average that's going to be really important to monitor let's go to two-year-old quickly before the break right there and don't forget folks you've got this board for a dollar you can be part of the dance this is the fantastic medium you've got an H-pad in 3.85 this looks to me it's a really interesting huge gain I think we want to talk about TLT when I get back Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? 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industry its blockbuster drug, Humira brought in billions I don't know if this is a little advertising thing there Anyway, so this is a pattern that we see every once in a while Whenever I look at a pattern like this I go back to decades ago decades ago to I'm almost certain that it was Merck one day I should go back and check it out where the price just kept going higher and higher and higher and every pullback was met with buying I called it, it's like a worm creeping up the branch of a tree it just keeps chugging along no problems, any pullback and it just gets its footing immediately and it goes right back again what's really important about this particular pattern I'm just drawing a channel and make it a little higher, take it from there is that now I don't like to make charts a little messy but I'm going to expand this and I'll talk about it because it's so important well the answer first of all is this particular pattern suggests that the buying since the February since the January low of 2022 has just been so consistent that it's created and I'm going to do this, I'm going to get rid of it after a little while but I'm going to just do this to show you how important I've worked on channels since I've had engineering paper and pencil and I used to take these pieces of paper and I would draw all these different charts and for me it was really important that I learnt about the synchronicity of price moving in a certain manner within a tube and if it's up or down or sideways it doesn't matter, it gets to the upper part of it and then it gets repelled and it gets propelled funnily enough you don't need all these lines look I've got the green 9-period moving average right there and the 14-period those are support levels but I just wanted to show some technique we're all about education here so let me just do this I'm going to add maybe you don't have the software to do it but you do have everybody has the software to do parallel lines so in this particular instance I'm drawing what I call chat wave inside track in this case a repellent zone and I put it in here I'm making them thick just for the moment just so you can see the beauty of channel lines and as I say I mean going back to the 1980s maybe even earlier I was drawing lines when we finally got to computers around about 1985 and a little Mack and I was able to do some stuff it was great so now what we're looking at is it stayed within this channel forever and you would be presupposing something that isn't there if you said oh oh I want to short this it's going to pull back sharp you don't know the MacD is fantastic the rule of thumb is look the stochastic sense it broke above the 80-period exponential and moving average back on the 1st of February stayed there and only went negative right there and that was the 9th of March so I always say that all the rule books you can just check it out rule books always say the stochastic is overbought when it's over 80% and it is oversold when it's under 20 and I say those are the exactly the wrong words in a buy mode as long as it's holding over 80% and it's in the sell mode as long as it's holding under 20% that's the clarification you need so what happens is it dipped underneath and then it flipped back to positive in the stochastic and it's now at 94% so to the questioner I'm just going to say I love this action I do it every in a leg E if instant restart there was one right there peak D within 3 bars it was actually 2 bars it went to a new high so you have an alternate count make it a little high so you can see A and then B then you got C and D and here again you can call it an instant restart but you don't usually get 2 instant restarts in a row you can but it's not that usual so what's the answer to the question well that's the weekly chart sorry that's the daily chart spectacular the weekly chart says look at this straight line this is just uncanny look at that and that goes back to October of last year where it's been in this beautiful up channel but it has tackled the resistance areas enough times for me to say I'm making it green and I'm making it a little thicker to say it hasn't been able to break above so this is the first time it's gotten to an area where for 4 weeks it's nudging up against this trend line and that's just saying watch the MACD, MACD is beautiful histograms in fact increasing but the week is young so we can't talk about this candle this week but so far exactly well, sarcastic is absolutely fantastic at 97.34 you never get 100% up here is incredible on balance volume says be a little careful to get into the point where you could have some kind of sideways a bit of a pullback and the monthly chart is unbelievable what a extension from the 107 area to 162 all in the single leg E to the upside well leg E to the upside MACD is good so nothing here is negative it would take something that is in a legislature thing or they've made a big mistake for it to really tank and break under 155 which would take it underneath the chaplain wave inside track up channel propellant zone so it's a good question and I like the fact that you said where will it correct so that you can so that you can on a pullback buy the 170 June calls I can look at it right now is to say you might have to step into the calls and I like the fact you're going all the way out to June I like that what I'm going to suggest to you is it'll be expensive it is out of the money but it'll be expensive in the ratio of the premium that's there based on optimism because it's made a new recovery high I wonder if this is an all time high I've followed this for years I used to have it all notated I don't know why it isn't yes I've followed it for years and then it had this whopper of a pullback when it made a higher 125.86 in January of 2018 and eventually went down all the way to the 62's I mean let's face it cut in half more than cut in half so I like it very much it is getting to a level that says if there is a sharp pullback it should either be really sudden the process that takes it down over a period of three weeks and that should start this coming Monday it should be under 158.50 that's going to be 158 and then you'll be looking at something that says ah now it's vulnerable and I'll explain what I would do if you look at the bike I'll be back in a moment are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg Clearwater Markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels investment properties are capable of creating Tiger Real Estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call Tiger Real Estate LLC today at 727-329-8322 or email us at Tiger at TFNN.com that's 727-329-8322 call us today the technology around us is changing every day so much happening it can seem impossible to keep up with all the information David White's investment newsletter the Technology Insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices, target prices and stops to set for each trade Dave delivers his weekly newsletters on Friday with updates throughout the week you can get the Technology Insider at TFNN.com for only $37.50 sign up for David's newsletter the Technology Insider and get an inside look at everything the technology sector has to offer try it risk free today with our 30 day money back guarantee TFNN Educating Investors Biotech is booming but for how long whether you think the Biotech bull has room to run or has run its course trade L-A-B-U or L-A-B-D Directions daily S&P Biotech 3 times bull and bear ETFs visit Direction Investments.com slash Biotech today an investor should consider the investment objectives, risks, charges and expenses of the Direction Shares carefully before investing the Perspectus and Summary Perspectus contain this and other information about Direction Shares to obtain a Perspectus or Summary Perspectus please contact Direction Shares 666-476-7523 the Perspectus or Summary Perspectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors Distributor Four Side Fund Services, LLC Hi folks, we're back Baselchamp and we're looking at uh, let's see Yes, okay, so what we're looking at is in ABV, so what I'm going to recommend now is you've got I'd probably say definitely two ways of doing this but there are three ways and one is ABV ABBV which was a spin-off of Abbot Labs and someone in the Tiger YouTube folks, really the information that's just pouring out in what we call the DEN is just tremendous and you can just go to the front page of the TfN for a dollar you can sign up, you don't even have to be there, you don't have to do anything in fact you can just use it for information whenever you feel like but it is just a terrific resource and in our Tiger YouTube we've got Aalagan now owned by ABV makes the newly approved drops, I don't know which drops they are I believe ABV has things, so that is Pat, yes prescription, okay yeah, so I like it very much and what I can say is that I would look out and maybe you could start just even if it's one call position right here at 16220, why? because at some point at the way it's acting right now there should be a test of the 164 to 165 level, if I had to do it on time and a pullback I'd say by Monday or Tuesday of next week, no I'd say Tuesday or Wednesday of next week there should be at least an attempt to get to the 163 0.75 164.50 level and the moment touches that then the round number 165 will be in play, so it might be a little embarrassing, you might get the call and then all of a sudden you've got a nice profit in it, not the profit you really want but you've got a bit of a profit in it what do you do and then the daunting starts to slide, so I would say even here at 16220 even though it could pull back to the 158, if you're looking all the way to June I would stage it I'd have maybe one here one set and then I'd wait and I'd have at the 9 period expansion moving average of 159 to me that's I'd prefer under 159 158 and then I'd just have some crazy things saying you know what if it does go down to the 157 level which is going to be so critical as it goes under that it's broken this beautiful up channel that it's been for a long time but everything technically is still positive that's where you want to add something else so I would stage it that's number one first way of looking at it number two is just do nothing and say you know what I've got patience and you do I know you do have patience just wait for 158 to 157 and that's where you start your position or the third aspect is to have to have yourself already at a particular price of the 170 that you're looking at sometimes I do that enough if I'm really wanting it I just say you know what half a point 50 cents or 35 cents I'm going to do nothing but if I can get this at 35 cents for a 170 call when it's one of the great in this environment look what it's doing it's a showcase and a show stopper for everything going right that's another way to do it all right so those are now a couple of other questions I wrote down here okay vertex so the reason why I'm interested in looking at the love L O V E is that in the investment business today just popped up I didn't do anything with it but I just saw love the love whatever it was company that furniture company another one that just where did I type that oh wrong place typed into the den I wanted to type it right here VRTX came up vertex pharmaceuticals I follow this for years we've never owned it I know we have a couple of subscribers that every once in a while say we have it and I give parameters this is a peak F slash B didn't potential instant restart here it's gone from the 225 area to where it is right now at 253 VRTX and it's in LA E in the weekly and here it's stochastic 90% stochastic is at 90% and flat on balance volume is just a tad overboard MACD is good not great but good weekly chart MACD is really good and the stochastic is at 83% and the monthly choice is single a fabulous move you can expect some kind of a digestive phase so the question came in about VRTX a couple of days ago I think I forgot to do it I've got it here and I'm just going to say have patience I think at 253 I wouldn't be surprised if it goes a little bit sideways and this red candle candle of the is that the 23rd of March that has a high of 252 and a low of 247 I think we're going to get into that candle and then you have to reassess but I would not be if you're long I would only thing I do if you ask me for it and you've done well I take a little bit off as part of your money management next question I had was it's VRTX and Duffy says ABBV is one of the best dividend stocks 3.48% now another question came in could I show FCX as Freeport McMorrin I've got this as a potential peak F in the dating E in the weekly and C so that's still very positive in the monthly chart I think this I think copper if you look at copper I never did copper today copper is just holding steady it's not really breaking up or breaking down it's just steady at 4.73 I think it's acting quite well SCCO is another one and you can see they're all doing the same thing there was a peak back around the 12th or so of March where they pull back sharply and then they ran to higher highs that FCX did the same thing I'm giving it an alternate count here of F B the reason why I think it's worth continuing the wave count is that the MACD is just dipping a little bit it's still good SCCO is at 89% and flattening out but good and the weekly chart has good technicals I'm not going to fight the technicals the lines over the 14 but if Freeport McMorrin at 49.23 down 103 FCX is a symbol actually closes under 46 50 it says copper is going to be in for a little bit more of a digestive phase it doesn't have to break down so that's what I'm suggesting there question about let's see question about I wrote it down oh could I go through some of those the DBA so the DBA is what we've been along for just forever and one of the reasons is I've said for a long time that I think that this was way before Ukraine we even knew Ukraine was the breadbasket of Europe at least I didn't know we've been along forever and I looked at it as part of part of the whole commodity area and sector that said to me there's a good chance we can have quite a bit of inflation and that's the area that it will be coming from and what I am looking at here is that you've got your dreaded age pattern within the rectangle formation it's we've been along since 20.77 we hit 22.64 beginning of March now it's just been in this 21 to 22 and a half area consolidating I think it's consolidating a bit more just as we're going to this break let me show you, wheat made a beautiful spike with the upside of the champion Roman Campbell and now it's hitting the 50 period moving average it's pulling back soybean, same thing sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at TFNN you'll get advice 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the chaplain wave plummets all the way down to $6.50 March of 2020 and then using the lopsided gravy cup pattern the cup formation with a long slope to the downside then quick upside to a leg D it went to about 7134 21 was my left side, right side price time-match going to march and there's the chaplain wave inside wedge target resistance line it just missed getting there but my target is really 89.74 looking out in 2022 but in the meantime on a short term it's got the same chart as everyone else that we were looking at that's the copy that's FCX, 3 port McMurray made a peak F slash C right here digesting gains so I think it just be prepared that it could digest and if you're looking at so many of the others IPI that's in shepherd potash made a peak G, it could be an alternate count we'll see if it's able to break into a new recovery high but this is a time that you would expect some kind of digestive pattern veil valet, valet is the same thing this is an iron ore pellets also stalling over there so if you're looking at S which is soybeans see the pattern the rectangle formation that says the wide rectangle not the narrow that you can go in a sideways move going up stair step way to a peak A, B, C just under right on or just above the previous side then go back look what soybeans have done as they peak E you went to a peak D underneath the previous side now digesting gains today is young I happen to think that there's a lot of buying precious stones here regardless of the profusely baloney but what we are looking at there is that while it won't this is going to help the market re-stabilize