 Welcome back folks, Dow. Dow is down 14, Nasdaq's up 37, S&P's are flat, and we're just talking about the aspect of what the Fed could say as to why they still think may not have to go down. Well, the White House just came out, this is so wild, it's crazy folks, but they bought one, it is what it is. They came out, the Trump administration wants to dictate how and where global auto companies are going to make cars and parts to secure a duty-free treatment, so under the new NAFTA. The issues being discussed between Trump administration officials, congressional staff and domestic and foreign automakers. Can you imagine that you're an automaker right now and bottom line that the White House is calling you and saying, hey, man, you're going to make parts here. Oh, guess what? If you make them there, you are going to have some heavy taffes, okay? You talk about the aspect of political manipulation. Oh, man, that is going to be in spades. I suspect, hey, we'll find out whether this thing shakes, but so much for free market capitalism. No doubt about that. Let's go over to our man, Mr. Basil Chapman, as we do each and every Tuesday at 20 past the hour, folks. Don't forget, folks, Basil has an outstanding show right here. Every trading day, 12 to 1 Eastern Standard Time also has a great newsletter. The way you get this newsletter, come over to our website at TFNN. You're going to go right under Newsletters. You hit Newsletters. You're going to see it on the top right-hand corner. The opening call, you can hit Subscribe at the opening call. And what you're going to get there, you can get the opening call for one month for $128. Where is she? There she is. You can get one month for $128. You can get six months for $595, which is a savings of $173, or 22%. You can get it for a full year for $995, which is a savings of $541, or 35%. Now, folks, they all come with a 30-day money-back guarantee. So you want to test drive it, you can test drive it six months a year. It doesn't matter. Bottom line, you come with a 30-day money-back guarantee. You like it. You keep it. You're going to get a great newsletter and a great discount at the exact same time. Basil Chapman, what's going on? Hi, John. How are you doing there? I'm doing great, man, yourself. Good. Thank you. So, very interesting. Well, we get the S&P at highs. You don't have your Dow at highs. Well, we've got the Q's, the index 100 trading vehicle at a new all-time high. And we've got the S&H's, the semiconductors at a new high. And we've got the S&P. So the Dow's lagging. Perhaps it's going to play catch up. But you know, I'm always looking for those D's, that fourth highest peak. Let me just show this quickly right here. So what we're always looking for is to try to identify the lowest, most identifiable low bar. And from that, we count each successively higher peak, alphabetize them. If there are four higher peaks, it goes peak A, B, C, D. D's the fourth highest peak. That's where other things can happen. It can go higher to E, F, and G. But D is really the one that you kind of lift your foot off the accelerator and you hover over the break and just see what happens next. I'm always looking for either a straight line move up or down, an arch formation, or a cup formation, or a combination. So here we are. This is the lowercase H. I call it the dreaded H pattern. Because if you take out the left side low, it can go much higher. And then the inverted Y is a green. If you go above the left side high, you go higher. So with that said, let's see what we've got. We've got yet another potential peak D. If there's no new high today above 26,167, that was the high of yesterday. We've missed it by so far less than two points. Let's see how this comes up. We've gapped up. We've got a little doji candle right here. And you know that each peak, let me just show this quickly. We've had a variety of these peak D's at tops. And that was back in April. There was a peak D in the Dow and plunged from the 26,695 level to 24,000. Runs up to another peak D. A little tiny doji candle right on the 16th of July, 27,398. Plum is down to 25,339. Runs up again to the September high. Again a peak D at 27,306 on the 12th of September. Pulls back to 25,743. So each one you can see is getting narrower. Each we didn't take out the all-time high yet. And we didn't take out the low that was made back in August in October. We went to 25,743. And now we've got a lower high at 26,167. So this is really important, especially since tomorrow we've got the Fed. We've got the impeachment talks going on. So this is a period where there could be probably it could be a pullback. It could be quite sharp and sudden. For whatever reason, I'm just saying right now if there is a print above 27,400, that is spectacular action for the Dow because that really takes it to that leg D in the monthly chart. It breaks out the resistance from the weekly charts. And this is a very important period. And we've seen such a mixed market. Some of the stocks have been hammered like in the Dow. You've had McDonald's sharply lower. Suddenly you've got Microsoft at all-time highs. So it's been a variety. And that's what's kind of kept us in a narrow trading range. So basically we're looking at this. Got to get a little cautious right now at this potential peak D. We'll see if they're going to be the MacD. The moving average convergence divergence is good. The stochastic is not quite as good, although it's at 81%. And you can see, I'll call this chapter inside track repellence zone. It means this little down channel right here. Every time the price has gone into that channel, it's been repelled. So there's another reason why the weekly chart is so important that if we do have a breakout by Friday to the upside, that's going to be very important. So for subscribers, we've had some long positions. And what I'd say to subscribers about two weeks ago, I'd say, you know what, in this environment, let's go for really good-looking low-priced stocks because they can give a nice percentage gains. And it's the same risk because we're using the same Chapman Wave techniques. So we've had some really nice trades. In particular was BDSI. And this is a company called Bio Delivery Sciences. We got in at $5.17 around about here. And you can see, look at that great move. It hits $0.610, $0.6010. Nice run. Congratulations, huge. That's a big move. And look at that monthly chart there. That cup formation I'd like to talk about there's a PD right in the week of the 5th of April at $5.37. Drop to the August low of $3.59. And here it is. And it's holding very nicely. I say to subscribers, take something off today, 17% gain in a very short period. Nothing wrong with that. So these lower-priced stocks, the patterns are the same. You know, when you're looking at technical analysis, it doesn't matter. You've seen that over and over again in your gold stocks with some very low-priced and some high-priced, yet the pattern is always the same. So we wanted to trade the pattern so far it's worked out well. That is a very interesting one because in the big cup formation, 640 is the resistance that I'm looking at here. Okay. And it was once upon a time an $18.48 stock in September of 2014. So I'm not sure if they've turned the corner, but it's in the bio delivery. It's bio-rotable. The technology is very good for this particular vehicle because they have a whole bunch of, I guess they must have bought patents or they have the rights to about 600 different programs that they can use for the different in the biotech area. So they're coming up with different drugs that are mixes of many of a variety of proven drugs before. So let's see what happens there. And I'm just being a little cautious here, but as I say, we're actually fully invested in a certain category, but we try to keep some cash ready. I think there's going to be some chance at some point very soon when there's a sudden pullback and then we can start adding. I mean, listen, you're looking at United Technologies, a lot of stocks that are at resistance right now. So I think there could be a bit of a pullback coming. And folks, the way to get Basel Newsletter, let's go to TFNN. You're going to go to Newsletter as you're going to see it right on the right-hand side of the opening call. Basel, you have a great night, safe night, and of course you look forward to the show tomorrow. Thank you very much, John. You too. Thank you. Stay right there, folks, we'll come right back.