 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now toll free at 1-877-927-6648 internationally at 727-445-1044. Now, Basil Chapman. Hello, it's Basil Chapman, Tiger Technician Hour, and I'm just showing the 120-minute chart. I'll show my subscribers every day, give a very detailed report of where we are on the daily dial based on the left side chart, which usually just has a couple of moving averages. The right side chart also has the MACD, the moving average, conversion side, which is slow stochastic and the on-balance volume. Let me just show you something here. So the 120-minute chart, look at the plethora of support levels all the way down towards the last one, the 25301 and 25278, and the load today has been 25,303. Now, we saw that those levels were taken out last week on the 9th, and we went under it. But we also saw that the resistance levels worked beautifully when I was saying that 26,600 area, the whole area of that 26,600 had just a bunch of Chapman automated resistance levels. That became the barrier to overcome, it couldn't overcome. So here we go on the 120-minute chart. This is now a leg D to the downside in a channel. Now, I don't like to do this, but I will do this just for demonstration purposes, otherwise it starts to get too messy. I'll make it red because it's so important. I'm going to make it thick because it's so important. And just to show you, maybe I should even make it solid. Now you can see that. So this is the support level, and that was the resistance right there. Oh, man, I'm going to have to change it. It doesn't matter. There we go. Let's make it nice and thick, weight, big, big. There it is. So you got to make it darker green. Green would mean that it breaks out to the upside, color right there, change the color right there. Okay. So you can see that it's been in a beautiful down channel until 26,000, 689 peak D high in the second of May. And now it's come down to H of B, all the way down three cycles, and now it's gone into a trough D, a leg D of this particular moment makes it trough if there's a higher low bar, but it's also a Chapman wave five. That's the technique that I've developed over the years. I've been using it more and more now as more complimentary to what I do because obviously five waves in the Chapman wave methodology only take you to a C, actually to a peak C. Then you need to go sixes down to peak C to forming a peak C leg C on the downside and then a D comes up and on the same thing on the downside. So just to make it real clear, this is a technique that I've developed which gives me a structure that I like to look at more as a confirmation thing. And sometimes you can even get a coda after that X's form where there's one peak and then you can start a brand new move either to the upside or downside. So it makes it a little complicated. I'm trying to decipher it to be able to explain it in a much easier way. I use it, but explaining it is not always easy. This Chapman wave methodology of peak D, E, and F, that's a lot easier. Hey, look at this. Look at all the support levels here in the 120-minute chart, as I said, down to 25,278. And look at the MAG-D. It crossed positive. They went back to negative. The slow stochastic is actually a lot better. It's at 44% right now. So there's a positive divergence here in the daily chart. We've made this beautiful arch formation that I was showing my subscribers. If you go to the exact peak D that was made at 26,695 on the 23rd of April, also Chapman wave 5, then a left-side, right-side price time match would have taken you to another couple of days ago. We've broken it to the downside in a lot quicker time. That says be careful because the thrust of the momentum to the downside has accelerated. So that makes intraday now really important. If we close below, I'll be a little liberal with this. We'll go to this low that was made in the gap up high on the 25th of March, 25,372. If we break decisively below that, which we've done today, but if we close below that, now it's something very different because the next level of support will be 25,000. What did I say, 208. So this is going to be important that the Dow closes above this first left-side low of 25,372. I can even be a little generous to make it the one that was at 25,425. No, we are substantially under that. This year close to 25,400 today just to say we've started to use support levels now as a cushion. That's really what I'm saying. When I look at the technicals, look at the MACD and the data. MACD is still expanding dramatically and the stochastic is at 24%. As I said, I think we want to make a really decent tradeable bottom until we get to either the mid-teens. I'm going to be surprised in this particular move if we have to wait for the single digits. Enough with that. Let's get to the nitty gritties here. The Dow weekly chart is way under the 14-period exponential. Moving average has taken out the low of Friday. The MACD actually now is just too negative. I wouldn't have expected that it could happen so quickly. It was way, way strong and the stochastic was up in the 97%, 98% area. It's now down under 80%, 79%. We actually get a sell signal in two weeks, but I have to wait for Friday to give the actual signal as an official thing because you have to wait for a candle to complete. You can't on Monday in the first three hours of trading talk about something that still has five and three quarters of five and a half days to go. Let's just say this is an ominous move at this particular point in a peak C because what it says is that there could be a rally at some point, kind of an emotional rally and that rally could take it to a slightly higher high and then you're going to have to do some backing and filling. So at this particular point, I'm looking at a very weak technical scenario in the Dow daily. We've just started a technical scenario in the weekly chart that says it's the beginning of the week, so we cannot not talk about it as if it's Friday at four o'clock. It was coming Friday, but we can say this is a negative action right now and then monthly chart that big red candle I was talking about Friday in my show which turned out to be a much better candle by the end of the day with that almost 600 point recovery from the low to the high. Now it's back to big red candle. So this is just a time, I don't see any reason why we I haven't, I've been saying this now for three, four weeks. This is a time for some caution. Why? Because so many of the indices and stocks became extremely overboard, they needed a rest. That's really important right now. Let's do the same thing with the S&P and S&P longer term is looking like the monthly chart is a big red candle as well but it made a new recovery high is that an F or an A, we don't have to deal with that right now, but the weekly chart is a peak C at a new all-time high hardly likely that it's not going to go to a D but that might mean we have some more of a bullback coming up and it'll be later on in the summer that we actually start to get the rally that takes it towards the an all-time high above 29, 49.52 leg C down in the daily like these very weak stochastics 26% very weak and the 200-period moving average of 27.71 beckons that's all I can say. QQQ a little bit of the bigger aspect here, big red candle all-time high but it didn't go 191.32 was the high let me just check that out 191.32 was the high in May so this is still like G slash A I'm almost sure it's going to turn out to be an A but I'm not going to guarantee that because the stochastic is still only at 78% 76% and the Magdi might be fairly low so a lot happens on how the 174 level the 200-period exponential moving average in the daily is handled if that's going to be a downside target I'll be right back as a chapter type conditions are $611 S&P is down 69 70 the Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try wouldn't you like to approach the markets with confidence? as you begin your trading day it's likely that you'll be faced with lots of decisions in order to make the best decision the first thing you'll need is a strategy that will help you minimize your risks whether we're in a bull or bear market a good strategy is 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We're back A couple of questions I had was what were the reasons for you shorting the Dow or the SEMIs or any of the things that you shorted I'll get to that but let me just go to this now because I think it's a question that is really very important and the question is in the Chapman way where would this peak C in the weekly chart let's go to the Q's the peak C in 191-32 previous all-time high is 187-53 back in October of 2018 I'm looking at this and saying visually the MACD hasn't crossed negative at all it's not even close at this particular point and the stochastic is still way at 88% so I would suggest to you that a break under 170 into the 160s would say to me I think what would happen then is that if you get a brand new buy signal in any of the other daily charts then what we might find is that not only do we go to a D it actually recycles so there's such a big move to the upside that it goes D, alternate count E slash A, then F slash B and then it turns out to be a B and we go even higher but that doesn't mean to say that that's a guarantee what it does say is it's very unlikely that this will become a peak C minus because it takes out the low of 143.46 made in December that's 50 points, about 50 points 48 points from here so let's just say that at this particular point you want to just go one step at a time there's still some indexes and stocks that we like a lot we have some positions we're still trying to hold these long positions not messing around, anything gets taken out but I'm done, we'll wait for a new buy signal and yes, now the question about the doubt let me just really quickly I've discussed this a lot I've just discussed it at the time first of all it was a peak D that was a very quick peak A to B to C to D and that usually doesn't guarantee that it's going to be a sharp failure it says be careful when you get very quick peaks in succession, you usually have a sharp callback but the rally that went from 26 around about 310 to 26,689 back on the maybe the first yeah maybe the first that said the MACD was fading and the stochastic was fading we were already short but we had given it a little bit of room and that worked out very nicely because that made that arch formation that I call the dreaded H and it plummeted below and that's what it kept doing so just to clarify now let me just show you something here I meant to do that earlier on look at this, I noticed this Friday as the market, my show was finished and I suddenly saw everything going up that oh no I forgot to mention that the automated Chapman Wave support level because this one worked so beautifully at 25,329 back on the that was 22nd of March and what was the low 25,501 right and now look at this one 25,467.19 was a generated automatic Chapman Wave support level and what was the low on Friday when I saw this I nearly polished, I nearly passed out the low was 25,517 it got so close 25,517 and I'm looking at this and I'm saying wow I wish I had seen that earlier and then I thought no no no that would have confused you because you would have wanted to maybe get out of your short position maybe even take a long position that would have been just the most terrible thing to do instead we took some profits and still kept short position so that's the reason why I remain short and I think that the 200 period exponential moving average of 25,355 that is being my target to the downside we've already hit that, we've attained it now today so that's one thing so that says we're getting to a very we were on Friday morning when I was doing my show we were getting to a very overbought level on the VIX index remember the VIX was screaming up into the orders the VIX was screaming up into the maybe 23 level and I said it's in a leg it could pull back quite quickly wow did it pull back it pulled back from 2338 to 18.87 that is a huge move down today we've had a really sharp rally the Dow has gone to new lows but in fact the VIX index hasn't the S&P so I'm looking at this and I'm saying there's a chance that we could be calling this China US tariffs VIX spike and I like to label them and tell you what they are CBOE volatility index yields tariffs China that goes all the dollar this is Saudis this goes all the way back to October of last year then again December so nothing's changed much but now what we're looking at is that the VIX has become in play it becomes something now that fund managers are looking at not just as insurance they're actually using it as a trade that's my thinking here but maybe we don't take out 2338 just yet maybe it has to hold off just a little bit and then maybe we take it out and then we have another pullback with some tariff news it's going to be news related all the time but the Chinese don't think that the Chinese are just going to sanction everything that's going on they're going to fight this tooth and nail they're not used to this kind of conflict they got their way for years and years and decade over decade so this is not going to be easy for them we'll see what happens now let's go back to our story here I want you to show you the so the question on semiconductors went down to 105 it's at 105 62 right now very short and one of the reasons is we were making that peak D at 120 171 we've tried this a couple of times and not always very successful about a couple of minutes or a day and then all of a sudden there was buying back buying into the estimators this time I said I think something's different here and one of the reasons was that the move that we had was not verified by my hearing or reading about billing having much improved over the last couple of months it hasn't improved and I said everything I look at says at least we should be regressing in the price and waiting for a move up in the billings so there's some regression to the mean but that's just a more philosophical thing I'm not going to give you numbers because it's almost impossible to say I have no idea we haven't got the billings for April yet so that's all I'm saying but what I am saying is that based on the activity of a 50% rally from 80 to 120 from the December low to the April high you have to expect at least a test of 103 the 200-period moving average daily moving average and then probably chopping around below and above that for a little while so that was one of the reasons another thing that I'm looking at here is within the context of the different industries looks silver isn't it's turned around nicely it's unchanged right now at 14.79 but that's a terrible chart it's still nicely it's still decisively in the down channel it would have to break not only the resistance at 14.93 it really would have to close above the high that was made on the 8th of 14.99 closes above that with gold acting well I said good now that we can see gold we've got a little dynamics now expected dollar to maybe pull back more right now dollars holding up really well it's only down two cents two pips and very good action so he has the up channel in the dollar look here it is up channel in the dollar crude oil right now is down 69 cents tried to rally earlier look at this up channel it's about to break the support level I spoke about the XL the other day this is not good news for the market I think we're going to be going lower lower lower at least for this week we'll see what happens now it's down 651 I'll be right back Basil Chapman try to get your questions out now I'd love to take your calls since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion well originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call today by visiting TFNN.com the path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon 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Gartly's ABC's Butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only seventy nine dollars a month we are so confident that you're gonna love this new charting software that will even give you a 30 day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of TFNN.com let me talk about a couple of things so I got an email today three month treasury yield is now paying more than the 10 year yield treasury this last happened 10 years ago and it's much worse than the inverted yield curve which I thought okay that's very interesting because I've been watching that that to me is is important unfortunately Paul can't help himself and it goes on to say you will be getting a lesson on the bond market you probably won't be talking about this I just don't understand what he's thinking is Paul what's the matter with you just mentioned something and it'll get discussed I don't have to have a philosophical aspect to it and I certainly don't have to have you be rude about it and what do you want me to do I don't handle the bonds it's not my purview okay you're getting a lesson on the bond market you'll probably won't be talking about this and then he goes on to say with another email the down move isn't about tariffs it's about the short of our lifetime and it's got a lot further to go keep entertaining me Paul when you come up with good ideas like the three year and the 10 year I want to deal with that because that's part of what I do I don't need the crap from you okay just just mention what it is that's on your mind don't give me this like you're waiting for me to fail what do you mean fail I've been doing very nicely here I don't think my subscribers are complaining so I don't know what the heck some matter with you alright so TLT right now is at up 116 at 125 91 126 69 was the previous high remember this is leg D and I said I don't want to see a peak D underneath the previous peak I want to see this one go screaming past the other one because that says it's a valid a cup formation and we can deal with it well it is it's going towards that level and the other thing that we're looking at here is the weekly chart the magazine stochastic magnies because stochastic is very weak in the daily they are rising now I've been saying Paul I've been saying for quite some time now that the history for me of looking at bonds is that when the stock market starts to deteriorate listen carefully very often majority of times it didn't happen a little earlier this year but the majority of times is where the general public and fund managers start to take money out it migrates it's a big word of note called migrates and it goes migrates from the equity market the volatility of the equity market to go to the so called always a so called safety of bonds because we know that nothing is safe but it is safer in putting it in terms of like putting it in cash that's what they thinking so let me say that again bonds are rallying right now because it's that whole safety factor that's my interpretation could be wrong that's the way I've looked at it not for years but for decades we'll see if that works out at this particular point it is working out and the monthly chart has had another good green candle but it needs to break if you really want to see bonds streaming higher and yields going down then you would see 127 in the TLT sometime in May and that would start in Uleg C to the upside next thing I had a question about GBTC now this is a good question in relation to the low that was made in the $3.66 in the what is it called oh it's changed its name grayscale I didn't even notice that grayscale bitcoin trust BTC trading right now 10.21 up $1.61 up 18% on the day so the question I had was let me once to know Basil if you have time today could you look at GBTC and give me your take on a possible pullback level all these timeframes daily, weekly and monthly look bullish to me I'm long-term holder and would like to add more before this takes off to retest the 38 high oh the 38 high 38.71 high that was made late 2017 right do you see this pulling back at all and potentially how far down would you look thank you Larry from Detroit Larry first of all congratulations I know that you've said this for a while you've had this and you're treating it as a longer-term position. Leg D in the weekly chart only a new leg A in the monthly chart and that's a good sign now you ask about a pullback let me tell you something when something is on fire what we're looking at is we've got a stock that we be wanting to buy for at least four days or five days and it's called carbon black ink cybersecurity and it gapped up actually all week since last week and it's now still in leg C and it's almost looks like GBTC and one of the reasons why it's still on fire is that in cybersecurity it's in an area it had very good earnings it's kind of an IPO came out back in 2018 the plummeted from round of 35 high down to 11 point 80 and now look what's happened it just you can't I was going to do this right here I said oh this looks like a move that if it goes above the change of removing average you have to grab it because I've shown this as a demonstration many times in my show that occasionally you'll get these stocks that in a B in the C they just keep going and going and going and all you can do is close your eyes grab it but you have to take a smaller position because it's now you're gapping up and just hold it and that's all you can do so let me go back to what we were looking at GBTC so because this is an area that's done very well against a backdrop of a horrible market the GBTC that is Bitcoin has been since I think it was I forgot to put the date that was in February or March that was in February the week of the 70s when it hit the low and it took off since then it's been almost as if it was a kind of a recovery play but then this big move in the date in the weekly chart that started off on the week of the 3rd of May at 6.11 this is still now a leg D and what's happened is it's the same thing it is the risk on in terms of saying this is what's doing really well Bitcoin while the general market is doing badly the Bitcoin needed a theme it got the theme when I think was Morgan Stanley Goldman one of those said we're going to take a position and then Fidelity said we're going to start something all of a sudden there's a legitimacy so there wasn't even a chance to get in because unless you were buying one day pullbacks it's just gone straight up so now let me tell you it's in leg C at 10.28 it could make a peak a peak C and then go to a leg D but that leg D would have to be above the high of today 10.45 so here's what I'm going to say to you because this is in play right now and because there's a much greater risk I'm going to suggest that you just start a very small position at 10.25 10.27 right now knowing that you could get a peak C which could be even full the gap but with a really good chance that it's going to go to a leg D but at the same time the only reason why I'm saying it is because if it does pull back below today's low of 9.39 that's huge it's like a 10% risk but at the same time if it does pull back and then comes back in and then makes a higher high and it does that tomorrow that extends leg C and now you're already in waiting for a peak C and then a higher high to leg D so you've got a comfort zone attached to it if in fact this becomes an alternate count because of the peak C1 C2 double top at 7.48 then this becomes DE this could be an F it's looking to me more like it's C but I'm going to suggest take it a little bit now give it a B you have to give it a bit of room I've got a feeling this is going to this new position is going to give you the most amount of information that I could ever give you because it's going to be the real thing the action is going to tell you a lot of what's happening I'll be right back down 633,000 if you're in the CD market and looking for a secure investment the Tiger First Mortgage Program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida the tax act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these 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how long you keep it for is also the issue you got to be thinking maybe at least three months or maybe it's a rolling dividend I don't remember but in the meantime 59.07 59.07 was the high back in March it's only pulled back a little bit it's gone to the 56 and now it's trading back at 58.30 very nice flag formation slightly lower highs slightly lower highs slightly lower highs and slightly lower lows and it's holding very nicely it's in a peak C in the monthly I think it's going to go to a D so utilities are good IYR same thing it's holding very nice it's down 42 cents at 86.46 this one is perhaps a little bit more tied directly to the economy in the REITs the I shared REITs it's trading at 86.46 down 42 cents but there's an H pattern that survived the pullback and now I'm looking at the potential I'm going to even put this in it's more like a diamond but I'm going to make it into an oval pattern not a perfect one but pretty good and this oval pattern says that at some point in the next month there should be an attempt to try to get back to the high of 88.23 that was made back the week of the 19th of April it's holding very nicely right now so yes there are things that are kind of working now IYT was a question what was that question YRC IYT down yep the IYT we out of that we went from 81.86 as our entry it hit 200 we've also taken profits then we got out of it now what we're looking at is I don't know if this cup formation is going to work because it's taken the 200p moving average below it it's 184.99 down 5.81 down 3% this is not a good thing so what we are looking at is there's a peak C in the weekly chart and it was only it was a good retracement maybe a 2.30 retracement to the all time high now it's kind of failing the magnet is still good and stochastic is not good in the daily chart a weekly chart so I'm watching this closely because it's coming down with the Dow itself so the industrials and the transports are coming down today in unison that makes me kind of cautious XLK I spoke about this a lot and I said XLK is trading it made a peak E at 79.70 on the 1st of May looking vulnerable to a pullback made it a new brand new peak B in the weekly chart and an F slash A in the monthly hey this is a big red candle but in the meantime considering the number of days it went up it's taken a lot fewer days to take out those lows my question here is how is the XLK at 73.45 down 2.73 going to handle the 72.34 low of the 27th of March if it decisively takes it out you've got to anticipate at least a pullback to the 70.85 area of the 200 period moving average so so far you can just call this a very well deserved breather after spectacular 57 to 79 rally in the months from December to the 1st of May high a spectacular game it just needs a pullback XL XLF so XLF is trading down now here's something that's going to be very important the XLF is traded very nicely it's not great but very nicely going to a peak E in the chapter wave back on the 1st 1st of May at 2014 pulls back and then goes to 2812 failure on the 3rd and now it's trading at 2660 now my target here has been the 26 the 26 is at the 200 period moving average probably trying to test the exact line of 2662 but I'm a little wider because the weak chart although the manky and stochastic are good I have to watch how it handles the 14 period moving average it's just under that right now and that resistance that I've spoken about chapter wave inside track the XL zone has repelled the price once again look at the beautiful declining channel with the rhythm of a cup and then a V shape pullback keep getting back to this green line and then failing so I'm watching this closely how the S&P financials handle the next the whole week is going to be really important KRE KRE is a question that Dan carries the S&P this is a regional bank oh what happened I forgot to notate this let me just do that real quickly identify the most lowest obvious low bar really count each successively higher peak alphabetically in sequence uppercase on the way up and lower case in the way down FG are the high peaks that you can get to in this case it went to an F in a very quick succession now pulling back very sharply went to 50 in the 56's now trading at 5334 not that great it's not nearly as good as the XLF the regionals are weaker at this particular point although I keep reading that the regionals should do better they haven't yet done better so I'm watching the KRE trading at 5334 down a dollar 74 actually down minus 3.16% that's a big move I would open at round number 54 so 54 is going to be the level to pierce in the very short term to close above and that'll be a good sign then it says it can retrace and test the 5337 5537 200 period exponential moving average but this doesn't look too great right now another question I had was where did it go where did it go oh yes the HGX now this is a big issue for me the HGX is the Philadelphia housing sector index and I haven't yet figured out I need to check that this is just Philadelphia or is it Philadelphia the index that's based in Philadelphia I must check there because if it's just Philadelphia wow it's at a fantastic run as somebody who builds houses in Philadelphia and Flipston has done very well so maybe that's the reason why 227 in December to the most recent high of PG at 3.16 wow 100 points almost what a 3.8% gain that's very spectacular and now what we're looking at is yeah we're looking at just a little bit of a pullback so so far the housing index housing sector index is doing very nicely in relation to the general market let's just look at HOV Havana that's in goes to peak A, B, C peak D in the daily chart just above 17 trading at 1503 right now horrible weekly chart, terrible monthly chart yeah some of these home builders have not done very well at all and that to me is another issue Apple, question about Apple Apple is trading right now down 10 at 186.74 had a peak D it wasn't a gap down, looked like an island reversal but it isn't I'm just going to say this again I think that the fang stocks and made major thrust to the upside in 2018 and this is part of the huge digestive formation that's been going on Amazon 2050.50 back in September, plunges to round number 1307 low in December comes all the way back to the 1964 level is trading now at 1826 high level consolidation so far and that's how you can go through all of these I'll be right back and we'll talk about cash index, Sintas Amazon spy and home people I'll be right back now he's down 637 and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6, and 3 months Timer Digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up 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newsletters button near the top of the page TFNN.com educating investors you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox Niko our hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment no longer contain the vitamins, minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionics, oil based vitamins minerals, fatty and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight, air and water life cannot exist without them that's right Paige they ensure we have all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by Niko and Paige of living a primal lifestyle buy it today for just $89 click on the primal edge banner on the front page of TFNN.com Hi folks this is Steve Rhodes stay tuned for another great hour of the traders edge heard here at TFNN.com a couple of things we're talking about in the den here I do think it's debilitating when there are cross currents and this debilitating effect when you're trying to focus on something and you just keep getting hammered by different things that's different if it's just a business related or whatever the issue is if it's a single minded issue you can take the thrust of the the bows and arrows that come at you but sometimes when they're really challenging you'll become debilitating and we'll see what happens but I mean back at the ranch, Amazon so I'd say we'll look at Sintas right now Sintas is down it held quite nicely before yeah it's holding pretty well it's down 5 at 217 all time high 223 it was made on the 6th of May that made a peak C as there's no new high this week in the weekly chart so that's my cash index Sintas this is uniforms, overalls and rentals just holding really well this is good the jobs more jobs means it's good for this company but the magnate just turned down stochasticity at 75% I'm watching them on a daily basis Amazon did I talk about Amazon here Amazon pulling back it has room to pull back still but it is in a cell mode in the daily nothing yet in the weekly chart a spy because the spy index quickly has come down from the 294 0.95 all-time high of the first trading at 280 right now 14 points that's a big move in just a week and a half so but the weekly chart is still holding quite nicely and Home Depot really important Home Depot it doesn't look that good right now trading at 189 all-time high with 215 back in September than the recent one as a 208 I'm watching this closely because if Home Depot starts to break into the 185s that could pretend even further weakness so just we got to be careful here we've been waiting for this for a long time waiting for some kind of a pullback we've got it I'm just suggesting be cautious look at what you want to buy make a list and then you're going to have to be steadfast in your determination to say that's the level I like I don't care what the news is I mean he's going to start a position there but have a little patience you'll get your opportunity say to you for Steve Dave and Tom check out my opening call my daily newslet I think you'll find it informative and hopefully profitable I'll be back tomorrow have a great day