 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. Hi everyone, how's it going? This is the Tiger Technician Hour. My service here also is the opening call daily newsletter about some real nice trades and different indices and a couple of stuff. So what we're looking at here is within the context of the markets, that action on Friday with a little tiny doji candle, I was very disappointed. Besides using up too much time going sideways in a cup formation and a miniature cup formation within that, I wanted to see a close at the high of the day. I didn't want to see the selling that kept coming in. Yes, it held well. It didn't do anything terrible. It just wasn't good enough. And that said to me that Monday could be a little difficult. But by Tuesday Wednesday, we should see the bias again to the upside. Day is young. Could be wrong. I was asked about the UVXY, which is really a nice tell on the market. UVXY at this particular point is trading at 13.37. This is the ProShares Ultra Vix Short, is it called the Index Short Vix Short something. All right, let me just see what it is called officially. There we go. Okay, it's called term. That's it. The short term index, I guess. And really, what's important about this, and this is going to be quite important as well in terms of what we're looking for. And I just wanted to say that I like what I'm seeing. But at the same time, I need to also be a little careful. I don't want to overdo going along for my subscribers. We've got really nice positions, taking profits, good percentage profits on the short term. But most importantly, what I am looking at here is that if you look at the 10 minute, this is the ESU22, this is the 10 minute E-mini. You can see that this big arch formation, first of all, within a rectangle formation. Let me just get this right here. Okay, here we go. We've been in a rectangle formation for quite some time. Since about seven, that's on the 10th. That's yesterday in the evening. Since the hive about 30, just under 3900. And we went down to 3866. And then we were stuck in a range. But there was an arch formation. The arch formation tested the left side low of two o'clock this morning around about 3865. Took it right out of three bars ago. That's four bars ago. That's a 10 minute bar. And now what the quarter is doing is just attempting the magnies and proving just a fraction. The stochastic is proving just a little. It went from under 20% now at 16%. And a couple of things are saying that there should be an attempt to get to the 3865 level within the next hour. If it's able to hold that and then break above 3868, which is the 14 period moving average after that pink nine period moving average, that'll be even better. But it's going to be an attempt. And there's no real leadership. I shouldn't say there's no real leadership. The IBB, that's the IBB. Let me just move there right now. That's the NASDAQ Biotech ETF IBB. Is doing very nicely. It is getting that peak B we thought that it would do today. The low today so far is 124.42. We'll see what happens here because this is great. And the little micro, I showed this to my subscribers over the weekend, the micro biotech area is just on fire. They are doing fantastic. That's a little under $10 stocks. All right, now let's get back to our story. So we're looking at the SMP. The SMP is down 43 at 3855. Yeah, again, one day red. Yeah, that's fine after one, two, three, four, five days of green. But it's just it's the pattern that says until there is a moving to the 4005 area, it's kind of stuck. And I suspect this week there should be at least an attempt. And if you're looking at the very short term, I had a question about that. Let's do it since it's most timely. Yes, this is a peak A. And I suspect we're going to go to a peak B in the one minute chart. And if we can get to 3862 right now, if we can get to 3868 to 3871, and then just time is involved by 1030 this morning, then there's a chance of hitting the 200 period moving average of 3874, where we were back at 930, 933. So that's it's a long, a long, a long ask, because it means that a lot of things have to go right. But that's kind of the pattern that I'd be looking at since the MACD is improving, etc. All right, that and certainly supported 3855, 3852 is really important. All right, let's get back to our story. The QQQ, NDX100 had a very nice action pulling back today, certainly from the high of Friday, which was at 296.75. The low today is at 288.14. That's a pretty big pullback as it's taken out almost two days worth of upside action. But I suspect that this is a well earned digestive phase and that we should guys should mention we're also along the Qs. This should go to another leg to the upside or extend this one if it's today above the 296.75 level. Maybe that's a big ask for the day. But I suspect by Tuesday, Wednesday, we will try to attempt that. That's my thinking here. That's the reason why I think the UVXY is actually not that great. A question came in and I'll do it right now because it was same question Friday and I think I forgot to do it. Qweb, CraneShares, CSI, China Internet ETF trading down 2.03 at 30.07 is alternating between the cup formation just above. Remember the cup formation you can have a round if it goes to just under right on or just over the previous high of the flagpole. That's a 34.12. That is pink D round about the 9th or so of June and then it pulled back sharply and then it went stair step peak A, pulled back a little bit, peak B, pulled back a little bit, leg E slash C because it went above the 34.12 area just by a fraction and went to 34.36 and now it's trading at 30.05. And remember my contention has been for a while. Yes, the Japanese stocks were doing pretty well. In fact, percentage wise they did fantastically off the lows. But why would you be messing around with, I said Japanese, I mean Chinese stocks. Why would you be messing around with the Chinese stocks? We've got enough trouble here with our stocks. Why would you go to another country? And you can see that right now, big pullback, sudden pullback and that's the same with, what was the question here? Oh, with BA, BA, Alibaba, look at that pullback, same thing. It had the rectangle formation was slightly above the previous, actually a little bit more than slightly. 121.06 was the high. On the 8th of June, it pulls back pretty sharp, just under 100 to about 96. I think it was 97.58. The peak A, peak B, peak C and then a peak D right at the 200 period exponential moving average, having quite a bit of a dip today, taking out about a week's worth of upside action. But that's what you can expect at a peak D, look what happened at the last peak D and there again. But this one is within a rectangle formation. I think it's going to find support in between 100 and 907, maybe 105, but in that, and then it could rally again. But I think it's now, at least in the shorter term, it's stuck in this rectangle formation. So just, I'm just going to say be a little careful here. Okay, that's, that was Alibaba, BA, BA trading at 110.72, down 10.2. I didn't realize that. That's almost 9 to 6 on the day. That's a big week gap. All right, folks, we'll be back. Russell Chaff, thank you. This is our very selective upside action. We've been playing it very selectively. And I think you have to stay there, great. Be as precise as you can and put each stop, don't get the screw losses, dumping losses. And same with the gains. I'll be back. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. 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I've spoken about this for some time and when the financials, the XLF S&P Select financial spider fund, could not rally when yields were going so much higher and now when the yields are kind of stuck in the sideways move, actually occasionally going even lower, this is going to be tough and I think earnings are coming up this particular weekend. That's what I mean by selective and that's also what I meant by looking out in the big picture. I don't think that we're kind of done yet with the whole consolidation. We need a couple of real good smacks to the downside to really test strength. So within that context, the XLF, until the XLF is trading, can't just hit it until the X is actually trading above 33, 80, 34, 20. That's the resistance area that I'm looking at. This is going to be tough because you really want to see the financials, Bank of America, even BRK.B, which is Buffett's Berkshire Hathaway, which is in, which is in the BRK.B, which is in the XLF because they're involved in so many aspects of the financials, their own banks, et cetera. But most importantly, this is going to be, look, it almost looks like the XLF in miniature. So what we're looking at $279.92 is that within the Eiffel Tower formation, that's an uppercase A straight up and straight down. We went to a low and low and now we're struggling ready to get to garner energy to get back to the 280s. So that's another important thing. We can go to JP Morgan. There are a lot of people that ask me about, can I look at JP Morgan? You know, I don't see JP Morgan. It's acted very poorly. It's made a high up in the 170s. It went made a low just under 110 and now it's at 130. It's really struggling that weekly chart needs a lot. In fact, the weekly chart until it gets to 129, 131 is saying, I don't see anything there. And that's kind of important at this particular stage. I want you to do a question came in about not a question statement saying that the steels are acting quite nicely today. Well, the SLX, which is the steel ETF, it is the Van Ek steel ETF is trading down 53 cents at 48, 49, made a low four days ago. It was once upon a time at 70.43 back in April and then plunged down to the 46 level. Sir, I mean, that's a huge, it was about 42%. Now what we're looking at is within the context of the steels, this is not a very good pattern. Yes, you can get a bit of a pop today. Look at that pop on the US Steel up 31 cents in 1793. Not really a great pattern. Why am I looking at your end? New core. That's a new core. Then you E same thing. Nice pop today up to 80, 111, 81 and CLF, which is the steel. This is the flat roll steel and I know pellets, Cleveland Cliffs also nice, but these are not great chart patterns at all. And that's why I said to my subscribers in my opening call, we're going to be very cautious today. We want to be buying something that's acted extremely well on a sharp dip. It's getting close to that area and then we would start a position. It's in all of this particular daily chart is in a leg B. I think it's still going to a C and a D, but I'm becoming often Friday's action, which should, there was no real economical news related situation that said there shouldn't have been at least a close towards the highs rather than selling most of the day. I'm a little bit more cautious, even though we are long and we're long, even indices said to saying to me, that's okay. You've had a very good trade. You've raised your stops. For now, that's not a bad situation, but keep an eye on everything that's going on. I did not go short. I was about to put it in as a, just to say, look, at this particular point after this number of days of attempting to ready and failing, I might have to reinstitute some kind of short position in one of the indices, but actually I held off. I just, I think there's still some kind of an upside bias. I'm going to try to keep it that way. Let's go to high grade copper. High grade copper is trading down today quite sharply at 3.39, down 12 ticks. You're looking at wheat, dust wheat is trading at a great session between four sessions went from a doji candle four days ago, all the way to today's high of, this is the continuous contract of 9.40 and a quarter, but I didn't really see the kind of strength that I would like to see in the commodities at this particular point to say that the DBA, which we are long, which is the DBA and cultural fund, along from the 13s, two years ago, taking profits off all the way to the 23s. But at this particular point, I don't really want to add back some of what we took off. I'm thinking about it. I'm thinking also that the commodities, look, let's go through soybeans, look soybean and nice move off the 200 period exponential moving average, but it did dip under in the rectangle formation. I have to move this down because the numbers keep check. This gets smoothed out as a continuous contract. So the letters you see, I absolutely correct, except for one little thing. Why did I put that? Oh, CD. Okay, let me just move that down, see what I'm talking about. It gets smoothed out. So the price changes, but not the patent, not the labeling, not the Chatham Wave notation, nothing. And therefore, that is a peak E and it's pulled back and it went underneath the rectangle support. And that same together with Khan, Khan also did the same thing, made a peak D in the weekly chart and pulled back very sharply, hit the 200 moving average, very strongly. This is a little stronger. So within the commodities, I'm looking at them saying there are hints that the commodities are attempting to find some kind of a base. And in the next by Friday, by this coming Friday, if they make higher highs than they did say today, that's going to be really important. So we've got a week in which to see whether or not the commodities are back in action, because if you put them together with Crude Oil, Crude Oil has had a very nice bounce off the low, but still in the lower range. A 121.46 was the continuous contract high back in mid-June at a peak E in the Chatham Wave that did the arch formation, didn't take out the left side low. That gives you room to bounce, which is done. And now it's giving some of that back at the pink moving, a nine period moving average, and it hasn't got to the black 14 period moving average. So I'm watching Crude Oil very closely. If you put it together with Heating Oil, and you're beyond the summertime, Heating Oil has had a little bit of a bounce today at 3.72, but it's the same kind of pattern. I think it's going to go sideways for a little while being a trading range. Look at the U.S. bonds that Pete Dietrich has made last week at about 142s, went down to 136s, and now you're at 138.25, 30 seconds. And that's just telling you that if you put it together with the TNX.X, that's the 10-year yield, you can see the peak D as well. It pulls back sharply, trying to rally, and that just says that yields are stuck in the higher range. Do they make a new multi-year high? Well, we'll see because that 10-year had a higher of 32.48 back in October of 2018, and in December of 2013 had a higher of 30.36. So, in the range of 30, that's 6.6, 188, 178, 298, 298. I'll be back in the 100,000, perhaps, like a star, 30,000, yep, and I'll be back in the 100,000. 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Zm is trading now at 110.78, down 9, down 7.5%. Congratulations. What did I see? Vazzle, can you pose Zm? Will you get a chance? Thank you. I closed my position last week. Congratulations. Very nice trade. You have to treat this as trades at some point that you're really going to pick up and go on a strength, but at that point, I don't know if it's here. 79 to 124, that's 45 points. It's almost a 50% gain. Actually, what am I saying? It's more than a 50% gain. It's about a 55% gain. In just a matter of a few weeks, maybe a month, yeah, it deserves a rest. Zoom. Let's see, question came up here. Let's see, CFRX, CFRX, this is where RX means it's in the medical area, trading at 3.15, up 20 cents. It was all the way down to 2.42 this morning, announced rebounded, a microbiome with big data expected this week. Do you think this was a big shakeout this morning? Huge option premiums is if you're a put seller. If you're a put seller, what you absolutely want to do, you want this to push, today's high was 3.37. It opened at 2.42. The low was 2.42. I mean, if ever there was a trap, that was it. That's for the shorts. I don't know who would be shorting, but maybe using puts and calls, et cetera. That's where the action is. But this is the way I'm looking at it. The weekly chart has gone to peak A, B, C, and actually went to a D right there, squeaked to a D, and now it's pulled back. Remember the Chapman methodology? The objective is to get to at least a buy signal, to buy mode, to take you to four higher peaks. That's peak D. And then anything can happen. Well, certainly anything can happen from 4.50 down to today's low of 2.42. When did you say that that's almost a 50% decline in just a matter of four days in a week? So this is really important. There's a lot of shaking, rattling, and rolling going on here in CFRX. And CFRX stands for, I didn't type it in, come, come, come. Oh, am I going to read this? I don't know why they put their gray background. Contra fact corporation. Contra fact, Contra something. So I'm going to do this again, because it looks very interesting. And it's a great question. So what does CFRX stock do? There it is. There it is. There it is. 3.06. I remember there comes in there. Contra quote, Contra quote, Contra quote, stop. Oh man, geez. Everything else but what they do. Nine value investing. Contra fact, corporation, academia lab, academia lab it is. All right. You're probably typing right what it does right now. No, you're not. Okay. So I'm trying to find out what it is. It's called Contra fact core. So I'll just change that to Contra fact core do. And it looks on me right here. It says biotechnology company folks are discovering and developing biologic something or other. Okay. So we know that it's in a specific area of the biotech clinical stage biotechnology company. Great. Okay. So within that context, I would just say that the speed with which it bounced back today is a little bit a little bit troubling. It's a little too obvious. And I wouldn't be surprised if 307 right now, there's a test of the two nineties. If at today it's right now 1034am Eastern time. If by if by 1233, I want to after the mid session lunchtime if by 1233 CFRX instead of trading under 290 is actually trading above 318. That's not a big ask because I today's already few 37, but it can get to 318 and holding. Then there's a chance that it closes towards the high of the day. If it does close at the high of the day, tomorrow's action shouldn't be what I was saying is a possibility today going into the 1230 time we suddenly pulls back a little bit sharper because the speed with which it just wiped out everyone who was on the wrong side when it went down to 242 this morning and now it's trading. I mean, since it's 20 something percent higher at 305 that is usually the people who didn't have a chance to do whatever it is. They want a second chance. So if tomorrow regardless of whether it trades at the end of the day, and I'm saying for trades over 318, it should be a decent start to the open. There's a chance that you raise the stop. You raise the support level to the 305 to 98 level. That's kind of the way I would look at it. And of course, this is all speculation on something that is a biotech. I don't even know what the news is. It could be anything, but most importantly just action stock action that I've watched before using experience and that's about it. So let's see what happens there. But in the meantime, at any time this week, if 242 is taken out, oh, I'd just be really careful of the stock. Why? Because it says that they're just a whole new bunch of sellers. And just make it as simple as possible. Right now, the bias is to say it should try to get to the 315 level, the nine period expansion moving average. I would prefer to see over 318 and that would be very important. All right. A couple of questions came in. Could you do a little bit of short-term analysis for some of us who are day trading? Okay. If you're day trading, you made a trough C1 and a trough C2. And now the nine period for the very first time, since it broke down at 9.38 this morning under 3861, this is the first time that the nine period moving average is moving positively, going green. And that just says that if there is a trade at 3867.75 in the next five minutes, then by the time the show finishes today at 11 o'clock, there should be a test of the 3872 200 period expansion moving average in the cup formation. And just make it as simple as that. If there's a break underneath the low today of, I'd even say under 3851, that's not good. That's not good at all. That is a really poor action. All right. Yeah, we got. Okay. Now, within that context, I just want to do show quickly the 10 minutes. That was a one minute, sorry, the two minute E-mini. The 10 minute E-mini is working very hard at seeing the histogram improve a little bit. That's the vertical, the zero percent line of the MACD. Stochastic has come off single digits. No, it's actually a 21 percent. You can go to single digits. That's important. And the on balance volume is attempting to rally. So far, this is a positive for the shorter term to set up. There it is. That the one minute chart, now that was a two minute chart, should start to make an AD that would be already in leg C. Remember, this is peak A, that's peak B. When I pull back, it didn't take out the left side low. So you've got to count each, your objective in the chat wave is always to count each excessively higher peak and higher drop. And yeah, we are. This is the first time that I'm seeing the type of action that says, now there could be a rally. I'll just draw this to you in the break. So you take a particular point in the Chapman methodology and you say, that's now your Chapman inside wedge target resistance line. I'll do all the colors and everything when we get back. And I'll say, where does it say it should go to? And then I'll give you a price nine match. That's right. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and 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. 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Dave delivers his weekly newsletters every 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 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 obtain 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 principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Thank you for the information on Contrafect Corporation. The clinical stage biotech company discovers and develops therapeutic protein, anti-body protection products for the treatment of life-threatening and drug-resistant infectious diseases, and then for Dan and the Dan saying playing with options, they're waiting for the DSMB recommendation from a phase three MRSA trial. Okay, very good. So, a couple of things going on here. I said, I'll show you this. Let me see. Do we do anything here? Yeah, it's gone to a leg. This is in the terminal chart. It's gone to a leg. See, it needs to do much more in the chapter. It stopped there at the resistance level. And you want to see 3872 bi. I'll give you a time, even bi, without breaking under 3861. Oh, I'd say bi, 1054. As the show's ending, we want to see some spiking to that area, to get above that ugly candle of about 9.33 this morning. A question came in, so you're asking. EEM question came in about the EEM. Let me just do this right here. EEM is the Emerging Markets Index. It's the same sort of thing that I said about the Chinese, except their rally went to a peak D and then plunged, and now we're testing the left side low of the 15th, the 12th of May of 38.95. The low today is 38.86. So that's really not great, and what's really important about this is that every failure has gone to a lower low in this dreaded H pattern. So EEM, I just suggest there are other things to do, play rather than the EEM. It's just it's a little too dangerous for us. I'm concerned. Next thing that I was looking at, oh, where was it? Over here, over here, over here. Yeah. So could I look at I'm going to go straight to, I was looking at 64 to go along. Along what? I must say GM. GM? Yeah, okay, let's look at GM. Now I was going to discuss some of the audit companies this morning, and over the weekend I said, let's have a look at them, and I thought, I just don't see anything right now. There's a lot. I mean, there's interest rates. There's a shortage of cars. People have to pay top dollar for whatever they want, because there's so few cars, and the General Motors, are you looking at General Motors? You did say GM or was that good morning? So those are looking at 64 to go along. Oh, the ES. Oh, sorry. Okay. Yeah, I agree with you that you want a bit more conviction to the upside. So if you've got, you've just got 64, if you've got along, 64 is trading at 80. You said 64? It's trading at 66 right now. It should go to a leg D. That's all I'm looking at, and then we'll have to decide what it's going to do. But everything so far is in place for a buy signal that should go, that's in a buy mode that should go to D. So all right, so I'm not going to waste time on the automobile companies, other than to say, look at Ford, they don't look good at all. But one that is intriguingly, but because it's a Chinese company, I haven't done anything about it. BYDDF, this is Byte, Orbid company, HShares is a Chinese electric car company. They made a high back at 43.61 on the 28th of June, had opened with around number 41, and now it's down to 38.75. I'm watching this one. If I'm going to go Chinese, I want Chinese where I feel that there's less likely to be some kind of enforcement of some crazy law that just knocks everything for a loop, and this is a company they need. They need the electric vehicle. In fact, I think they would prefer to have this get even better than to have Tesla around. This is just my own personal opinion, and Tesla's down 30 at 721 stuck in this range, and I said it could be the lowercase h that goes to a lowercase m formation that is right there. See a lowercase h with a lowercase m, it hasn't taken out the high. When it does close sharply above the high of the second of June, which was at 792.63, that's going to be a positive and will take 831 as the 200-period exponential moving average target. So the e-mini right now has gone to a peak c and has pulled back. I don't like that. See, the action we're watching even today is a little bit like Friday in that although it doesn't, once it's got that sharp initial sell-off, it's not continuing to go lower, but it isn't allowing rallies to hold, and that's my big concern here that there's kind of a holding pattern because it's earnings week and you've got, I showed you the XLF, I think. Don't earnings start off with the financials, and that just says to me, there's a lot to worry about. The reason I suspect CCP has chosen BID as the entrance to the world EV market. I have a problem with this before. Oh, okay. I missed that CCP. I'm not sure what that is. Yeah, so that's what BID is still, I think it's going to hold well and that's the way I'm looking at it. So forget about our local, our general motors and forwards, et cetera. I just don't think they're going to be there. But even Tesla, I think, I've said Tesla, to me, is a stuck stock and that Twitter was an issue, but now Twitter is maybe not an issue. But the most important thing is that when a director gets, or a CEO gets bamboozled because they're involved in something that they've never been in before, it just detracts from the major thing. We saw that with CRM, salesforce.com, because that was a stuck in a range. CRM is trading right now at 173.83. Can't get out of its own way. It was a leader in the cloud computing area. 311.25 was the high. November of last year, slumps. It's cut in half to 154, and now it's coming out of it. It's had a fabulous 40 point rally to 192 at peak C, then it failed. And now it's just kind of stuck. And that's the reason why I'm saying, be very specific about what you want. Tighten up your stop. Make absolutely sure that you know what you can lose. Larry and others say here, know what you can lose. It's not so much how much you can gain, because even in the right area, obviously you will gain. So now there's two other things that I want you to look at here. I wrote it down, wrote it down. Yes, first images, semiconductors had a really nice four green candles with a gap up going into Friday's high, but now it's down a little bit, down four at 204.69. I think that the chip from everything I can read, everything I can understand about the chip situation is that there's been a slow buildup in some areas of specific types of chips, not overall, but eventually comes the beginning or second quarter of next year. I think there'll be a chip glut. Will that lead to the sales? Incredible, terrible profits for the semiconductors, but fantastic sales for the autos, etc. I don't know, because the semiconductors as an index are usually, for me, it's a benchmark. They need markets up and down and up and down, and when they fail to make new highs when everything else is, that's something you're watching, when they make lows, when the others are also making it, that's something to respect. So at 204, anytime this month, in July, it doesn't have to be on a weekly, I'd prefer it on a weekly basis, but even just an intraday pop to the 50-period moving average in the low 220s, that's a 10% move to the upside from here, I don't know what can do it, but if that happens, I'm saying to myself, nice. That's the first time we've seen some leadership in a couple of weeks, and can that be sustained? And I don't know if it can, because it's a tough period. I'll be back in a moment, dial is down 120, not too bad, it's used down 36, not too good. Are you grinding in the market, but seeing little to no return? Or are you a successful trader simply looking to make your job a little easier? Learn to take the path of least resistance with David White's powerful trading newsletter. David White is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades. Support and resistance define the ranges at which stocks trade. By understanding these trading ranges, David White is able to find the path of least resistance. David White's trading newsletter, the path of least resistance, is delivered daily before the markets open to make every trading day an easy win. Visit tfnn.com today and subscribe to David White's ultimate trading newsletter for $119 a month and try all of our newsletters risk-free with a 30-day money-back guarantee. 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Subscribe to the Fibonacci 24-7 newsletter today. tfnn.com Educating investors In other words, read about all the jobs that are available, and so few people are out there looking for jobs. But look at this. This is RHI Robert Haff, Inc. International. This is a job search place. It makes a pdf in the monthly chart at 125.77 in February, when the general markets have been topping, January-February. And look at this. It comes down very sharply. It gets to the 72 level, and that, of course, is a huge decline. And even here, it's just got a bit of a bounce. It's not doing that much. And that just says to me that there's something going on here within the general economy that is so specific that you can tell if you're looking at, say, a Sintas, one of the stocks that we look at, overalls, uniforms, and rentals, just as a kind of a guide. It's holding okay. It's in within the 461 high, double top high, back in December, down to the 340s low. And here it is at 382s, kind of in the, not quite the middle of the range, but it's in the 1-3rd off the bottom. And it's holding okay, but it's not doing great. So that says there is, I've called this a rolling recession for a long time. If you're in any index, steel, or whatever, that's gone down 20, 30, 40 percent, you're in a recession. You don't have to have the title recession out there by economists or the administration. It's there already. And that's the reason why I'm saying let's be very careful in specific areas if it works, wonderful. But we keep taking profits and then we just, if we get out and we stopped out, we're stopped out. If it's still holding, it's holding. That's the way it is. Look at the dollar. The dollar makes a new amount of your high today at 100 per revenue. With the UUP, we've just finally taken a little bit more off today in the UUP, which is the dollar bull index. And that's not, that's just money management, because this is spectacular to the upside, but you still have to save yourself.