 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. Good morning, everyone. Basil Chapman on this Tuesday, the 8th of August. We're looking at the Dow down 362 points. It's up over 400 points yesterday. Now, let me just do a couple of things here and then there's a ton to do. I'll go through this slowly. Should I show it over here? Yes, I'll show it over here. Yeah, there was a Chapman Wave red, inverted Roman candle yesterday. Talking about candles, Teddy will be doing a webinar this coming Monday. It should be fabulous. I used a couple of candles. I've made up a couple of candles and a couple of candle techniques. That's all I used, but really people use candles a lot. It's the information that they give you that's so pertinent. That should really be a terrific webinar. We're looking at this particular candle here. You see this long leg to the upside, big body to the downside, tiny little wick. That's what I call Chapman Wave Roman candle, but this is the upside-down one. But when it occurs within three or four bars of a top, especially if it goes just after a top, which it has the monthly chart, so we don't go there right now, but I have a rule of thumb. That rule of thumb says if the very next session doesn't matter if this is a daily chart, then I'll be looking at the 110-minute, 120-minute chart or even the 10-minute chart. But I said if for over 35 minutes at any point today, if the Dow goes over 35,370, I think 380 or 370, I said there's a really good chance it could get close to just on or just over the high of yesterday. That's the top. That was the top at 35,506. And that becomes really important. Well, what did it do? It had a spectacular... I'm not even sure why it was such a spectacular day, but it ran, ran, ran. It went all the way to 35,497. Yes, six points away. And what happens today? We've given back, we've gone to below the low of yesterday. And that just says to me, this Chapman Wave Roman candle, if we close, we've got three sessions to do. Usually it's two, but I sometimes extend it like the arch formation if you take out the left side low. But I'm saying that if we close any session after this below 35,033, we're looking at something very different. And for the first time, I can say to you the length of time is proportionate to the, to this size, the width, the aperture between the green and the nine period moving average as I get a signal, a cell signal based on a different technique, which I did on August 1st on the Dow intraday. We had that, although that's the day I already said, let's take a short position. Because of this left side, right side, this is a quality match. How are you ready up to the first high and then the second high, the internal high and the residual high? And my suspicion, it's not even proven yet, but my suspicion is that that green period moving average is going to cross negative. Now, if you look at, let me just use this at the YM, it's getting closer and closer, but it's not there yet. If you look at the ES, it's already there from yesterday. That's the, let's just go to the S&P, the cash, yep, the cash has done it today, the E-mini did it yesterday. Look at the RTY, that is the, this is the IWM, this is the Russell 2000, this is the futures, so close within a fraction of turning red. Look at the, let me go to the IWM and see if the cash is the same, yep, cash is the same. Look at the QQQ, it already gave that signal and it's continuing down. It hasn't done that for a while, it did that just for a day back in, was it the first of May? No, the 27th, the 26th and 7th of April. But when it did it last time, it held green for, look at that green and then just two days of pink and ever since the green turned up on the 16th of March, there's been one momentary fractional pink and now we've got it again. I think this is going to be a little bit deeper and yesterday I had a question about whether or not what sector to short. Well, we've already done that, we've already, we've got our short positions. One, I'm not sure if this was, in three cases we were at highs, in two cases we were at all-time highs. You just don't do that, you just don't try to short the best of the best. But using this particular technique, I just, I had no choice for subscribers because that's what we do. I try my very best to get the turning points. I know everybody says, oh, I want the middle 60 or 80 percent. I find that, yes, you can do that, but your risk is much greater because if you put a stop in, you can get taken out. But when you get the edge, right to the edge, it just gives you that look like yesterday's huge move up. It didn't impact us on our two key shorts. It just didn't impact us because we got in right at the turning point. If you're lucky enough to be able to have a technique that just allows you to attempt to do that, remember I got this expression when you pat yourself on the back. Take your hands, take your hands off the wheel to pat yourself on the back. That's when you hit the tree. Believe me, this is no pat yourself on the back situation because this is, the day is young. We just, you saw yesterday how big that move was to the upside. So look, you have the QQQ. So look at the SMHs, the semiconductors today just turned pink. These are all key to my metrics. Now I'm going to do this quickly. I'm jumping the gun here because I'm not looking at where did I want to go? I wanted to show you the TLT. So I had to sing for my subscribers of opening call on Saturday. I'm my hour long video overview video that tells us where we've been, what we're looking at, why we're doing it, what stocks we're looking at, what ETFs, et cetera, currencies, whatever it is. Like I do during the show, except this is pertinent to our positions. And look at this in the, let me go to the KRE. Look, the KRE had a huge volume gap down, a volume Chapman wave price, a volume climax spike to the downside. And since then it's over 28 days that it's been to the upside. SHW, this is the same technique. Look at that huge volume. And look, from the 45 low back on March the 13th, I think it was. Look where we are. We're at 64, starting to pull back, probably going to fill the gap. But look at that. But this TLT, I really struggled with this because that's a very big volume. But that isn't a huge volume. This is not the same kind of look. Not only that, it's had volume at the top, volume at the bottom. So I'm just saying, I think that the US bonds can have a really good rally here, a bounce. But I'm not, this is not, in this case, look right there. It's the day before for bonds that you had the usual. It has to be the day off. It can't be, there's a technique that I used, but it's a sub-technique. It is not the real technique of the Chapman wave. Volume, price, climax, low. Okay. So I'm just saying, I don't think the TLT has done it. In other words, I think it's really good for a bounce, but it missed the ictus. It missed that exact day. That's the day. In the TLT, it worked out fine, but the bonds, it didn't. But the TLT volume is just a little bit higher than it was. Look at this. I'm going to give you a total volume of $57 billion on the TLT and $59 on the third. Yeah. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. And get the opening call newsletter by Basil Chapman and your inbox every day. First-time subscribers also get a 30-day money-back guarantee. 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Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Oh, toll-free at 1-877-927-6648 internationally at 727-873-7618. So, I can't believe that I had Lilly on my list just kind of background. I didn't kind of follow her all that much. And I remember reading about all this stuff going on. Diabetes, it's huge in the United States. Actually, all around the world, but especially the United States and especially young kids. Oh, it's just so sad. It's just so unnecessary. I mean, you know, some of us, we actually do have diabetes. It's just that we manage it, manage it fine. But as a kid, it's just so cumbersome. It's all the stuff that you have to do. So, anyway, Lilly is up $73.00 at 527, up 16%. Leg C in the daily, leg F slash C in the weekly, and a leg G slash C in the monthly. And all I can say is that when you get a kind of a breakthrough drug, it'll be the same thing with Alzheimer's when they finally do something that is more affordable and something that really shows benefits. It'll have just whatever the company or companies that are involved in something like that. So, Lilly, this is a big move to the upside. Eli Lilly, a large farmer, this is a spectacular move. Yes, at some point it'll come down maybe to the 480, maybe even fill the gap to the 450s. But this is given a huge entrance into those, I mean, as it stands, you've gone from the 100 level just two or so years ago to the 500 level. But I think as a weapon, an assault against something like diabetes, which is pervasive, this is spectacular move. So, I'm not talking about the chart right now. I'm talking about the company. I'm talking about the actual results that seem to be much more positive. And all I can say is that it's going to really benefit the company. And any time it just gets mashed to the downside for whatever reason, look at it as something to buy and hold in your portfolio. I wouldn't even be surprised if this is a generational thing that on the next big pullback, you could buy it and kind of keep it in the family for like ExxonMobil, something like that. Because if it's going to follow through, this is going to be even bigger. We'll see what happens. All right, so I just want to get that out of the way. I now need to finish up. Look, gold. So, the question came in. Is a GDX, is this the time for the GDX, the leg D to the downside? And the dollar being in a leg, it's little peak D. It's going to a leg, if it can go a little higher, it can go to a leg E. I'm thinking that the dollar, the way the dollar is acted, the way that the lowercase H has gone to a lowercase M. Let me just show you for those of you new to my work. This is the pattern I'm talking about. I talk three particular lines. One is a straight line up or a straight line down. One is where it curves like a cup and the other is like an arch and you can have a mix of the two. When it comes down like that, makes the arch fails at a peak A or a B. It can go to a C like it did there. This is a dreaded H pattern. Watch out when it takes out the left side low. You can do a one-to-one to the downside. On the upside, we've seen that. The dollar is doing this. It's making these little reverse Y patterns and it keeps taking out the upside. But all I can say is that, oh, and the lowercase H can go to a lowercase M and a lot depends on how it takes out from the left side low. If it had it within two bars or within the same bar that it takes out, if it closes above, it can have a rally to the left side nearest peak or gap or moving average. In this case, that says in the weekly chart or in the daily chart, we'd be looking at this particular high right here of 103.57. But it's really 103.17 is the 200 period exponential. Moving average has been a repellent. It was a propellent for just a brief moment and it became a really serious repellent. And we'll see. But I would just say to you, based on the MACD, based on the 9 EMA, based on the stochastic at 82% in the daily, based on the rising height, look at the beautiful divergence between the MACD back when it made a low. I would say it was early April and 100.79 low back in the week of the 14th of April. Now, when we're making lows back in the week of the 14th and 21st of July, look how nicely the MACD was. It reversed and started coming up. It was way higher and the stochastic was higher. So I'm just saying to you, don't mess around, especially since you can see now the pervasive selling pressure. Dow is now down 453. S&P is down 50. Dow is down 1.27%. S&P is down 1.11. 11, what's the QQQQQQQQQQQ is down 1.47. This is serious stuff. What a false move to the outside. We had a question the other day about false moves and I was talking about it and saying it's kind of a right shoulder failure pattern, not more than a rogue wave. I don't want to go through that now. other than to say, the dollar is telling us right now that the market is responding both to the rally in the dollar. That's part of it. But to me, it's all the story about the moving averages. This is the technical tool of last resort that I talked about. Let's just show you again. Look, the Indu, the Dow. Oops, it was on the wrong chart right here. Let me just show you this one more time. And now I need to go back to the chart that I was showing you the other day. I said, I won't do it today. That was yesterday because it's just, it's, we're gonna have to see what happens. Well, look at this. The nine-period moving average is still way above the 14, but all of a sudden you've got this little turn down of the 14-period moving average. You see the turn down of the nine. All of a sudden you've got parallel. When you've got parallel moves, that means that if it crosses positive or negative, you've got talk to the upside and that builds to momentum. In this case, the momentum to the upside is slowing down and we could get talk to the downside. We've got it in all the other indices plus my key, which is estimators, now down 3.84, 152.07. So I would not ignore that. So yes, the dollar is part of it, but I look at this. Let me just show you gold using this. Look, you can see the patterns making the dreaded H pattern right here. You can see the pink moving average in the daily chart of gold. Yes, the GDX. It's even worse because it's about to take out the left side low. Internal low residual low. Big move up. Internal high, residual high. And now we're coming down. I can't call this an internal low just yet because of the steepness, but we'll see what happens. All right. So I'm just saying to you, I don't see anything there. That's why we got out of our GDX the other day. All right. So now let's go back to our story because I've got all these charts that I've got to go through. So let me just finish this up. Yeah. Crude oil. Crude oil made a peak D and now it's pulling back. Sorry, peak D and then it went to the peak E at exactly, look at this. Chapman wave technique of left side, right side, price, time match. You're talking about, I chose this particular candle right here. So on the April the week of, so on the 14th, is that the 12th of April 2023 goes to peak C with the Chapman wave, two bar reversal right there, 83, 71, 83, 62. It acts almost like a D but it didn't make it. And there's the 200 period group and it plunges and it plunges through that particular low right there. And then it had this beautiful cup formation and it went to the day that I typed in high. And now it's pulling back but it's still holding very well under that. 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TFNN educating investors. Don't forget you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. I mentioned in the den is Thuray brands ink trading at up it's a 269 up 46 cents right on the 200 feet moving average. This is a fabulous move but and the weekly chart says is a cup formation it should have resistance coming up very soon. Let's see tating at the 200 feet moving average the high that was made on the left side in the weekly chart was 2.87 2.87 yeah and today's highest 2.77 I think it's going to try to tag that then I think it should hang around you for a little bit it tends to do that has a big gap up it's got a huge gap that it will take a little time to fill that gap but I do and today's got a gap so I like the action very much is it a longer-term buy-and-hold if you're looking at the high that was made up in the 60s once upon a time back into January of February 2021 that's one thing but this is I think this is in the I think Thuray is in the cannabis sector so let me just see what MJ is doing MJ is doing yeah it's just kind of stuck you know there are a whole bunch of things going on but if Thuray is showing that it's starting to produce profits that's all it's all about it's about profits if it's doing that that it could soon become a leader in the field even though it's only trading in the $250 area okay that good good eye who was that Thuray Thuray Sanel in the den yeah breaking the point on a good volume okay well I think that's the technique of A to B for C to D all right the VIX index right now remember I got a little worried a couple of days ago I said it's just too quick to come off highs and have the VIX index have that big spike on Friday like that whoof up into the 17s I said if it's going to be of importance it's going to sustain and then low and bold you get this spectacular session yesterday look look how the VIX held it went just under 16 and now trading is 17.88 this is a little more serious in that it's saying the cluster formation after the gap up and we'll go to the gap up of the second of August the way it's holding makes us 18.55 200 period exponential moving average which it hasn't even visited let alone for it's being close but it hasn't touched it since that whole cluster of highs back in March of 2023 remember that's when we were so long the doubt from that particular stage and some others so now what we're looking at is yes there's action in the volatility index in the VIX and that's just telling us that that monthly chart where I showed you this long horizontal thick mauve color light mauve color that goes back to where the prices went down to the 8th to the 11th area 10.28 back in July of 2014 8.84 then 8.856 back in late 2017 and then it just lifted off and then that move line became almost like a propellant all of a sudden we went back and touched it over the last two months third month is this month and boom we're up to the upside and that makes the whole area of the 19s really strong monthly resistance in the daily in the weekly chart and I'm just going to go to the highs that were made back in the 20 week of the 26th of May of a 20.81 and 21.30 all I can say is if the volatility index remains over 16 it's going to put pressure on the downside in the market if it actually starts to touch the 20s we will start to see big moves up in the VIX that sees triple big triple-digit down moves in the Dow and big percentage moves in the S&P but the closing price might be something very different as the market tries to establish some kind of a base but in the meantime we're only coming off the tops that were made and if you can believe it look at this the QQQ the QQQ was like a blink of an eye away from the 408.71 high of November of 2021 in this beautiful cup formation it went to 387 I mean 38 you can see by today's action down 5.32 you could have been there in a couple of days and now we're pulling back peak D in the weekly chart beautiful left side right side price time match look at this to the week look at that to that exact low right there it went right to there and now it will take much longer it'll take until roundabout September maybe maybe even October before we can start to head back towards the 408 that means a little digestive phase a little I say little because I'll price wise so far it's just a little but we'll see where it comes down to 380 I'm sorry I meant to say 360 is the 40 period exponential moving average in the weekly chart okay now the couple of other questions and Nike yeah NKE Nike is trading kind of poorly right now on the day but actually it's just in this cluster formation sideways I have to tell you something when you get to sports and sports where I'm looking around I happen to I just wear whatever I wear when I play tennis or outdoors I'm not I don't have to have any yeah I laugh at this have you seen a bicyclist without the tire I mean there was a time where as kids we hopped on a bike it doesn't matter what you were wearing you hopped on your bike and you rode it now everything you do you've got to have the fashion you should I take the time now to talk about fashion to talk about all the things that are going on now I'm not gonna waste time I will I will not be making any changes to a history so I'll talk about it as we go each day but yes what's going on now in the fashion world is telling me and then just a bunch of things I want to include the figure eights I want to include all sorts of things roller coasters and everything in what I'm looking at for what I call the next big phase this is going to be the big phase for the coda phase I don't know how long the coda phase will take we've been in different coda phases but not the ultimate coda phase I just mentioned that right now so Nike says to me people are still buying the stuff because they want all the good they just want and and like sheep we all tend to do this sort of the same sort of thing have you noticed that you can barely find a person who wears the cap backwards it used to be just derigate everywhere you went especially the older guys were wearing it now it's only the older guys young guys are they ever put it backwards it's just my fashion is it's not a comment on whether you're a good person or but it's just the way things work right and I'm looking at this I'm saying Nike has held well so far because of that very factor the fashion factor but it's telling me that if it closes under 105 anytime and I'll say this week it needs to be really quickly then you're looking at this pattern that says uh-oh watch out for the dreaded age pattern because you could test the 103s that was left side low now talk about fashion wow what did I do just a moment to go and I wanted to point it out was it Torrey T L R Y no it wasn't oh no let me just check and see if I can even find it in my list of what I looked at in J Vicks oh ARWR um yeah look at this pattern chart patterns I just it doesn't matter can you believe we are arrowhead farmer a biotech here's your lowercase h that goes to a lowercase m and whoo it takes it out wait a minute is this a pattern you've seen before wait a minute what on earth is the TLT got to do with um ARWR arrowhead nothing just the chart path there it is lowercase h becomes a lowercase m whoosh it goes to 1985 I'll be right back that's a Japanese high good thing the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market the US futures market and the Shanghai gold exchange the gold report Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU HUI GDX the dollar bonds the South African Rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to Tom O'Brien's gold report newsletter now at TFNN.com are you ready to take your trading to the next level introducing Tom O'Brien's award-winning newsletter market insights your key to successful active trading Tom O'Brien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to TFNN.com and subscribe to market insights today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to TFNN.com right now to join thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand 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 LABU or LABD directions daily S&P biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to attain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ just wanted to show you this quickly so you've got a peak C1 C2 in the one-minute chart twice you've got peak D it's acts like a peak D that you've got here right there with the dojo candle at 9 31 this morning at 45 11 come plummeting down and now you in this pattern this is the H pattern and holding the left side low could bounce so you look first for the left side high which in this case is 4492 we're at 4490.50 right now but there's a chance what happens at the 4495 to 4498.50 it's called 90 4498 is going to be imperative to monitor why because the selling pressure you know 10 20 I always say in the morning that's where the next phase of the market starts and that kind of goes to about excuse me about 12 30 or maybe even 110 and then a whole another phase and then you got your three o'clock to 310 or 315 period well this is going to be important because after yesterday you realize that yesterday because it held so well and kept making higher highs there are a lot of people that say oh that has to be allowed not only that you got bonds turning up yours will be coming down etc etc it doesn't quite work that way because selling pressure has to do with the has to do with the momentum of your bullish indicators starting to fail and for me that is in this case I'm just go back to this again let's go to the S&P and that is the S&P's nine period expansion moving average and the days young it has gone pink but this is the first time it's gone pink really second one two three four five six seven eight eight days nine days since it made the 45 0700 27th that's instead of just being an immediate sell-off it's just a whole process and I've called it a process so that just says to me don't mix things up yes you could have a one-minute balance you could have a 10-minute balance but the overall action and I'm going to say once again I might be totally wrong here but I think and and this is what the answer I gave the other day to the sectors and which sectors and I said at this point it's a little risky because you've lost the momentum of getting the exact top or very close to the exact top but if I'm correct in the SMHs the semiconductors they usually leave the markets up and they usually leave the markets down and Nvidia has been such a spectacular movie we had someone email me the other day to say it's 300 and whatever it was PE yeah that's okay it didn't matter when it was going up to the all-time high just recently at the peak C1 C2 has got a C3 even a C4 right now so I need to get to a D 480 was the was that the 480 a 480.88 was the high and it's not doing badly today it's only down six it's not a big deal 400 or 480.88 I think I said 480.88 I'll have to check that out but it is starting to move down as far as micro devices had great great earnings and outlook and everything and yet it has gone from that big candle that's shot up to almost 120 down to 107 and now starting at 113 just stuck sideways if you're looking at I'm not going to go through them all I'm just saying this to me is the clue if the semiconductor index continues to slide to the downside it doesn't have to spectacularly roll over just keeps moving lower and lower that's the same to me that one of my key metrics one of the areas that I consider to be really important I've spoken about this before the the chips for the last 40 to 50 years have become as important as crude oil was for the 1900s so the chips of the crude oil of today for the economy and if they start to move down and if they sort of leading that all-time highs think of this all-time highs who would have even have dreamt that the semiconductors could go from 159 to 85 and then back to 100 was a 61.17 was the high on the 31st trading at 152 big deal down nine points but I have to tell you that if it looks toppy in the daily the weekly is still holding really well so I'm waiting to see because if you start to see the semiconductors as it makes down the 148 to sorry 146 to 144 area in August I think it'll be dragging the market down that's what I'm saying the question was what what sectors and I'm saying the semiconductors is one any of the major indices especially now the IWM that's just really weak the small caps so let's get back to our story could I look at ultra ultra beauty well ultra beauty got decimated spoke about this for ages at 560.60 I was saying this is an unbelievable look how quickly I say whenever you move very quickly in the chaff wave to peak to peak to peak to peak higher peak higher peak with very little rest when you come down it's usually a pretty sharp pullback it doesn't mean to say you're necessarily going to sell signal to sell mode immediately this is a monthly chart I'm talking about wow this is in a sell mode and now it's trading at 437 it looks terrible what has taken its place is elf and elf is just about to do the same thing I'm sorry the same thing on the upside it sort of took took the lead and elf is in cosmetics and here it is 137.48 high about six sessions ago but it also had a 132 round number low on the 2nd of August that day that have made its all-time high it might fill in the gap but it's holding really well so this is now the new leader elf elf beauty in cosmetics watching this one I'm also watching xpo I mentioned this for subscribers to my opening call this is the trucking less than full shipping xbo ink we're looking at it at 72.19 only down nine cents as long as this holds up it says there are certain areas of the economy that are holding well bitcoin btc so bitcoin I've been kind of remiss in following it we had this once with the bitcoin the b gtc b gtc the bitcoin or b gtc no b gtc oh god no no come on bitcoin bitcoin futures continuous gbtc there it is bitcoin investment trust we once had in the 12s had two positions ready short term and long term we never did anything with a short term we just held it we went all the way to 58 we took lots and lots of profits and then I just kind of ignored it for ages once or twice we tried again didn't work just ignored it I think it's going to be back these see these long wick candles that's usually an error that's usually something that happens it's just the funniest thing on earth I'm talking about Brian we spoke about this oh years and years ago we said isn't it funny that on our chart formations we look at charts all the time winners and some kind of an error in reporting and it doesn't get changed sometimes the price actually goes down that price is now at 10 but the prices that that is the the wick has a low run about the 10s and it's trading in 19 I wonder if that'll ever be full but at the same time I think bitcoin has a place I don't personally own any but I think it has a place and subscribers we're out of everything I'm waiting for the next move that says to me you've got some signals that suggest it's got a oh this is a pretty good from October from under 8 to 21 that's a huge gain it's not like it was 12 to 58 but yeah this is I think it will be ready I'm not ignoring it I'll just give you parameters now just based on the bitcoin itself the futures and I'm just saying 27.66 is a 200 period exponential moving average and a 32 area is the resistance it's just stuck there for the moment I think there's one more pullback and now the pullback holds is going to be the thing and that's the point oh we've got one more break to go on I haven't even got to some of the stocks um yeah I'll be back in a moment we'll look at the TNX this is 10 years TFNN has just launched their new trading room the Tiger's Den hosted at Discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the Tiger's Den available to all Tigers and Tigresses for just one dollar for the year there's no cash or added costs when you join our community of traders in the Tiger's Den you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with 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now in which to get to 40 497 to 4502 if it doesn't do that this mark is going to be really disappointed and it means that rallies are just doomed to fail without any any much of a balance at all any much of a balance anyway any much of a balance all right so here we go question came in about the TNX yes that is a peak D and there is a pullback is a peak D in the weekly well a leg D it hasn't become a peak we have to wait for Friday's close but I've been suggesting that your yields are stuck in the range for quite for a while and they still stuck in the range so with that I'm going to just see did I get a question yeah I did get a question I wrote it down wrote it down wrote it oh XLF you haven't spoken about the financials yeah XLF is pulling back a little bit it's not a big deal this is at 3473 and so is KRE this is the regional banks pulling back I'm really watching this closely because usually the the banks the banks will go higher with the yields going higher but now I think we start to see a stall so we're watching a lot of things right here I've also mentioned Kudo one more time Kudo has gone to a peak E in the daily chart well I have to wait for today but this is a chap away from a Roman candle so watching it closely because if crude oil at 81 right now actually takes us 7850 at any point in the 7721 200 period moving effort to come to bank so I'm watching Kudo and it did have it does but it's a little choppy right now have a wonderful rest of the day and stay tuned for Steve Rhodes I'll be back with Tom later on