 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 Hi everyone Basil Chapman, this is the Tiger Technician Hour on this 29th April My pleasure to be here and 877-927-6648 is the number to call and let's look at the Dow now up 17 at 26,500-561 it's been a real actually the best way to show this is look look at this this is the RTY M19 this is the futures is the two minute chart in the futures. Look at this range. I mean, it's just been a tiny little range up and down. Actually, I shouldn't say tiny range in price. The price is actually being quite good, but once it established the big up move, it's just been kind of stuck there up and down and up and down. But even better, if you look at the ESM, the E-mini March, just gone to a leg C in the two-minute chart. Leg B in the, there we go, and a leg B in the five-minute chart. Just kind of like, yeah, I guess the leg B as well in the 10-minute chart. Yeah, we got it. We're looking at, let me show you, drag this across as the 10-minute chart, just going on for quite a while. Today, early in the morning, four o'clock, and you can see, just from early this morning at about seven o'clock, it's down to the 29, what we call it, that's the 29, I think, 37-ish area. Now it's 2946. It went to 2948.25. So you can see there's a relatively narrow trading range considering that this is a 10-minute chart, and usually the swings are much, much bigger. What I am looking at now, let's get to the nitty-gritties. In the Dow, you can see there's this pattern that I drew in. I'm going to make this a blue, just so that you know that I'm looking at patterns, and patterns are very important in my work, obviously, as a technician. Click. All that work, yeah, blue, color blue. Blue it is. And make it a little thicker so you can see what I'm looking at here. So this is the pattern that I'm anticipating is going to be the test of strength. If there is a break into, I'd say to subscribers, if there is a break, maybe a plus 60s by 10 plus 1 this afternoon, I have to consider that not only are we going to try to test the 26,695 area, the previous time, the 23rd of March, but with this doji candle, that'll take out the candle high of last week. And the doji candle, for me, there's a particular rule. A close above a small doji candle. That's like a plus sign. In this case, you can see the, let me expand this. You can see the legs right there, and there's the cross horizontal move. A close above it suggests that you've now turned the closing opening price of the previous week, which is around about 26,530 into a support level. And that there could be another move to the upside close this week on Friday above. Let me give you the number 26,695, which suggests that next week, the following week, you could bounce a little bit, probably come back. But this level is going to be key support because they're closed below 26,530, which suggests now you're going to the bottom of the wick at the downside. And that one is 26,310. My thinking here is that I don't know yet the deepness of any retracement, because there's been a big rotational move to the upside and the downside. We've had every other day, we've had some Dow stock spike higher while another one pulls back. And this kind of mix says it's going to be a bit of a tussle. And that's what I'm thinking. It tussles says there should be a move towards 26,226,000 in this shorter term period. I have to change that completely if there's a push into the 26,700 area. Then I have to say, uh-oh, this is exactly the moment we're going to go for the all-time high of 26,951. We saw that in the Dow SPXO. Next, in the S&P that the all-time high was 2940.91. What was the high today? Whoops, 29, hey, wait, wait, wait, something's wrong with this picture. 2940.91. And today we went to 2946.23. We've made a new all-time high. I've got this a G slash C in the daily chart. And it would be unusual for the Dow not to in sequence become the next recipient of a move to all-time highs benefit. I'm just thinking right now that there's enough shakiness in the Dow just shorter term to say, maybe not quite yet. And then later on, I do think we break out. And that's going to be a breakout that's going to include the follow-up with the IWM, the Russell 2000, then picking up steam. Right now the Russell 2000 is acting pretty nicely, but it is way below the 173.39 all-time high. It's at 159.36. I mean, that's a long way to go. Good action, but I'm just thinking that it might take a little longer. That's all. Okay. Next thing we're looking at here is within the context of the market. We looked at the S&P, but look at the QQQ. The QQQ, which is the Invesco QQQ Trust Series, the NDX100 Trading Vehicle hasn't yet made a new recovery high, or all-time high, because 191.22 was the high of the 25th. That was Thursday, Friday was a pullback, but a nice close, but underneath the previous high. And now we're still under that. But not bad action at all. The Magnus Goods Castix at 91% is starting to drop, but 91% is still very strong. And that weekly chart is really strong. All right, now let's get to some other things. Within the context of the different markets, I just wanted to show you that gold looked like it was acting well, but I have to tell you if it closes underneath 12, now it's a new number. It was 1268. I said for last Friday, this Friday, I just have to say I'm going to make it a little lower 12 instead of 1268. I'm going to make it 1265. I want to give it a little bit of room. Sometimes you nick, you can see right here, you nick an up channel. This is what I call the Chapman Weave Insight Track Propellant Support Level. But if you take that out twice and close under it on the second time, that's usually not such a good thing. Okay, so I'm looking at this and I'm saying, all right, you had your big move, big candle on Friday. We've had an inside bar, not a very pretty candle right now down eight. Let's look at silver. And that was one of the things I was talking about on Friday, Thursday and Friday, saying, you know, silver's suggesting that it's going to be tough for gold to break out with silver, although silver was a little bit of a better chart pattern than the gold just based on the daily and weekly, just as a chart pattern. Not to say it's good. It's just better than gold. And here's the other thing. If you put it together with the EUR, USD, the EUR dollar currency pair, because they kind of go in the same direction, you can see this has just started a nice candle right here after Friday's strong new low, then a strong move up over the Thursday high, which is good. And then not a bad close. This is good, because if there's a close above yesterday, Friday's 1.11736 high, and it said 11715 right now, if there was a close above that, that suggests that this whole body right here on Friday of 1.117 and 1.111, that could be a very nice cushion. At this particular point, that's the way we want to look at it. And as we're about to go out in this particular segment for a break, you'll can see gold is down just five pips at 97.98, holding really well after making a leg deer. 98.33, nice action, good technical action with the magnesium stochastic. I like the dollar, we're along the dollar. I'll be back. 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TFNN.com educating investors. Call now toll free at 1-877-927-6648. Internationally at 727-873-7618. I remember back I was up 19 S&P's of 5.37. Now this is what I would be looking at because we've got Google earnings coming out later today. Here's go Google. I'm going to stores keep saying Google even though it's called Alphabet. How do they get Alphabet? I've got legs C here. I don't see any reason why I should change it to an alternate count. Maybe F slash C. I don't see any reason. I think G is good. Make these strong, stochastic strong and earnings come out after the close. It's up 1.30 at 1273.48. They're D in the weekly and the all-time high was 1273.89. The high today is 1275.09. It has now taken out that previous high and 1, 2, 3. Is this a brand new leg B to A to the upside or G slash A? To tell you the truth, I thought about this over the weekend and the only conclusion I came to is that for it to go from the 12, at that point it wasn't an all-time high, but it was real close, to say that it would go from an all-time high down to the December low, below 1,000, something absolutely horrendous in Alphabet's business plan has to go wrong. So I'm going to put you G slash A. My thinking is that Google is going to tell us about the major, major market top win and if it comes in 2020 or whatever it is, that's really what I'm going to be watching. One of the reasons is I could give it an alternate count here by saying this is an E slash A because that peak D could have started and you move up. None of the technicals suggest that's good, Chapman Wave counting. I'm just going to be as strict as possible. G says be careful because there could be a sharp pullback. It doesn't say you go all the way back down. It just says you could give back a pretty good chunk of the last month's move from under 1,200. So that's what I'm saying, but at this particular point in Leg C says maybe even there's a pullback because of the fabulous whatever, but then they talk about the outlook is a little uncertain. Who knows what they say? Maybe there's a bit of a pullback going to the early morning tomorrow and by Thursday you're at an all-time high. That's in leg D and then together with the market maybe we start to see a big consolidation. But I'm watching it closely and at this particular point I've been anticipating for quite some time so far incorrectly that Google is the one that's going to come out with some kind of communications network or apparatus or Apple, whatever it is to just leapfrog over the Verizon and the Comcasts, ATTs, Sprint, etc. I'm not sure how that's going to work, but that's just my thinking that they will have some product. I haven't seen anything yet about it other than they do have the capacity to do something like that, but maybe that's just not in the game plan because I mean basically they're advertising, but what a way to grab the advertisers that are using those telecommunications devices. That's not for me to decide. We're just looking at the chart so far. Excellent action. Major supporters at 12, 54, if there's any disappointment. All right, here we go. That's Google. Now tomorrow we've got GE and the question came up. GE, is this a good time to be looking at GE as a long position? I'm going to say that I looked at this and I said in the last move up, remember we had George from New York saying where would I add Knights at the top of my head? I think I said between 920 and 880, it did get down to 9, I think it was 890 something. Yeah, 898. So that would be the area that would have been an add to if you're already in the position and he discussed this as a leap. That is a very long term like an option and a long term option that it bought. So that would be the add to position. Now the next question came up. Would I consider that GE is making some kind of a bottom? Actually a couple of people asked, is GE worth owning? That was number one at this level. Has the risk been put into the stock? I mean, let's face it, stock that drops from the 30s and 40s and 50s and goes down to $6.66, trading now at 9.66 up 30%. This is off the bottom, this is good. Now I'm looking at this, I'm saying the MACD in the weekly chart is good. So Castic says it's pulled back sharp, it's trying to cross positive, it'll need the daily. So the daily has just gone to a leg A, B, C. So in leg C and with earnings coming out, I've heard this guy a couple of times and then I did listen to him the last time he was on. I think maybe he was on with Cramer, I'm not sure. But okay, let's forget about what he says. Let's look at what the price has done. What the price has done is gone through a huge arch formation. The most impressive one is the low of August of 2015 at 1937 and then it screams to a round number peak C minus. In a monthly chart I hardly ever get C minuses except you're under major high from previous, which of course you have been. Let me show you something. Yeah, GE, look at this. This is once 42.15. I believe it was even higher. Let me just double check here because I remember, yeah, there it is 60.75 back in August of 2000. I remember a little later when Welsh retired and he was on CNBC actually having a conversation with emails and emails were saying, I'm going to take what you've done and I'm going to grow this and we're going to this and we're going to that and of course email did every single thing. What you named as a textbook for Harvard Business School, name anything that you could do wrong and pretty much email did that. Always a big veggie, veggieoso thinking I've just done the most amazing thing in the financials beginning out of financials when you should be getting into financials. He got into oils when he should be getting out of oil, went into energy when he should be getting out of energy. Healthcare, you could just name it and then what has happened to email, he gets made, I believe it was CEO or something like that of Athena Healthcare and as luck would have it, he gets this incredible bonus package to leave GE is what happens with these guys and he goes to, I don't know how he even found a job, but he goes to Athena Healthcare because Bush and the CEO at the time or whatever he was, one of the founders could talk things up just like email. So they were one of a kind and lo and behold, they get a takeover offer. I mean, the guy, okay, enough of this. So General Electric, I think it's going to take time. I think if you have a very long, I don't see why GE, one of the first major Dow stock is just going to disappear. I think that they're starting to do things right. I think it's going to take time. I think the price has punished it heavily. I don't think it's quite done, but will it go back to $6.66? At this particular point, he's just going to make, I can't remember his name, some really bad decisions that I'm suspecting out of all the decisions he makes. He makes one bad decision, but he actually makes a bunch of very good decisions that you can't see right now, but in the future will turn out to be good. So the answer is, if you're starting to accumulate a position in GE at $9.67, oh, you could wait for a little bit of a pullback, but right here, if you have nothing, you could start a position here at $9.68. Even if there's a drop of a point tomorrow, I think the work is being done. That's what the chart suggests. Maybe not all the work, but it's getting there. I'll be back. Since 1984, Basel Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand drawing charts from the late 1970s into the 1980s, Basel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basel found that computer software, which included the standard market technical indicators, enhanced the degree of accuracy and 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, Basel 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, Basel's daily trading newsletter, by visiting the front page of TFNN.com. Cancel at any time during that trial and pay absolutely nothing. 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The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. Right now, we're offering licenses available at only $79 a month. We are so confident that you're going to 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 Chart 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. Hi, folks. So, the dollar's up $30. The S&P's up $7.5. What we're looking at here is the GE trading at $9.66, a few dollars from its low. And my answer to the question is, it's trying to fill the gap here. I suspect that there'll be a little bit more good news than bad news tomorrow. Maybe it gaps up, tries to fill the gap. So, I'm saying, yeah, you know, even if it gaps down, I think a chunk of the work, I just don't want to see it go underneath the low that was made at $8.79 on the 15th of April. Clothes under that would say you got a little more time and price to the downside. But even then, looking out, the question was for the big picture, and the big picture suggests that the CEO of at least the new head of GE has a plan, and he's been trying to implement the plan, which I think is going to be very difficult to do. But at the same time, he is working on a much better plan that was in place before, which was to acquire anything that was at the top so that you could watch it go down to the bottom and just mess GE up. I think this is a different kind of scenario. So, I do like it. Looking at, we do not have a position in GE. I had thought about it on the big pullback to that $9 area. But I just decided there are other things that we're looking at. We have longer-term outlooks because of my webinar that I did a few weeks ago. We were positioning ourselves within that. The question I had here was, let's see, what was the question? BAC is a big breakout. If it closes at 31 with a question mark, and the answer is absolutely, look, this is a leg C, and we are a long bank of America. The financials, I said before in my webinar, I think they, the participants now in this next phase, together with transports and just other sectors that have been lagging, we still want to remain along the dollar for over a year now. I think the dollar is telling us about our economic strength. That's really the only thing that I'm looking at and understand all the other manipulations that go on within currencies. You've got a left side, right side, $31.92 high of August the 10th, the week of August the 10th and the week chart of Bank of America. That's my upside target in this particular move. It's leg D in the weekly chart, but it has now broken out decisively with today's move. I showed it over the weekend to subscribers on my opening call. That would be a breakout above that down channel, the Chapman Web Insight Track repellent zone. You want to go above that, close above it. I think that's what we'll do by tomorrow for the last day of the month. I like this. If I have a question, what was the question I had here about Goldman Sachs? G.T. says, oh, just lists all the bank stocks. G.S., let's see what Goldman Sachs is doing. Right here, Goldman Sachs is up very nicely. It's up to a 207, but I have to tell you, it's taking a lot of work to go above the 200 period exponential moving average. My thinking here is that Goldman Sachs will be a player in this next big move in the Dow. What I mean by the big move is the move that's going to take us, take the Dow to new all-time highs, et cetera, and it's now participating a little bit. It's not good enough for me. It's a 207 right now. I want to see it close, a weekly close, above 214.10 to 215.30, let's say. Somewhere above that says it's broken. All resistance levels is challenging the really ugly candle of the start of the waterfall decline from that November the 16th at 222.31. I want to see us get heavily into that away from the 200 period moving average. Weekly, which is this point, is a 207.52. I haven't even gotten there yet, but it looks good. So, answer those questions. Now, I just got an email in one of those junk mail things, but I got it anyway. Dear Basel Chapman, for immediate release, April 29, 2019, press release, New York City Council passes landmark building carbon emissions reduction bill affecting existing buildings and new construction. New York City policy to be featured in NAP, HAPN, 19 passive house conference, build the world we want. New York City Council has passed intro bill 1253 with explicit goal of reducing building carbon emissions rates 80% by 2050. The bullies aimed at the buildings with 25,000 square feet of floor area and larger which represent a majority of greenhouse gas emissions produced by buildings in New York City. Now, I want to talk to that issue just from my perspective. Larry Culp, thank you very much for the den. Yes, Larry Culp is the guy, CEO, Chairman of General Electric since October 2018. Now, what I want you to talk about is even in automobile design, automobile manufacturing, automobile functionality. As long as I can remember, I have always thought, why do they not try to be as efficient as possible and get the maximum horsepower, satisfy everybody? It just seems to me an absolutely logical set of parameters that you put on the backboard that comes to the front part of your thinking as you're designing these things. Be efficient, be efficient, be as structurally apt as possible, be as efficient, etc., etc. At the same time, I look at the buildings and I look at sometimes, we've got Newton North High School just down here, I can see it from a window here and the lights are all on at night. And I'm saying to myself, maybe that's a safety feature or not, but if they are on, surely they should all be, they should be using some like LEDs and all that. I don't know what they've done. I'm just saying that you go to New York City and you see the lights, it's fabulous, it looks great. But is that efficient? Is that a best use? Maybe they could do that, but do it in other ways. So I have no qualms for legislating more efficiency. But when you've got a bunch of hacks that are sitting on the floor with no nothing, I mean really they're not the builders, they aren't the people that do this, they're just people that sit there and have to legislate this and legislate that. I have to wonder, 80% reduced by 80% by 2050, which would include the big, big, massive market decline that I'm anticipating when this is all over. These guys, no one will even remember that there was an emissions, whatever. I mean, be practical, 80%. Other things happen along the way. There's more efficiency. It forces, it does force, it forces creativity. Maybe it'll force the kind of thinking that says, you know what, LEDs are a beautiful idea. Let's see if we can do the same thing in the way electrical current is generated. Just all sorts of things that just leapfrog the issue. So maybe it's a good thing, but I'm just saying just to get a number, what 80%, what do they know about 80%? But we'll see. So I have no problem with saying, hang on, be a more efficient, efficient, but it's like the same thing with the automobile. It did produce efficiency, but then after a while, manufacturers start to get around it by doing a whole bunch of other things, but they never think of the public. With the public, when they want big, look on the road, just drive around. They cause getting bigger and bigger like they always do. It's just, nature just gets bigger and bigger and bigger. So there's another factor that you have to put into accounts. So it's very complex. So all right, Bravo to New York to actually put that into place, but I'm saying maybe got a little too aggressive. That's all. All right, let's get back to Goldman Sachs. Looking quite good. I want to, up in the two 15s, I'll be very impressed. Now, shorter term, what a question I got was IYT. When I, okay, I can get rid of that email. That's gone. You email a little speech there. Transports, UPS, et cetera. Okay. So you've got the IYT. We are long from 86s. It hit 200 and it's now at 194. I'm suspecting that this weekly chart is setting us a little bit of a breathing here. Maybe it coincides with the market. The Dow is a little bit of a breather. And then we start to rally. I want to see the Dow industrials with the IYT's Dow Jones Trust National Average Industrial Fund moving in concert. 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 lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. 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Just watching it closely here. And if it does by this time next week, if it's gone above 200.42, wow, that's really good action. So let's just watch this closely. I was asked a question. I was just told, reminded that GWPH, GW Pharmaceuticals, PLC, Medical Marijuana, I think it's a British company, has earnings coming out? Earnings coming out? Six was it? Yeah, hello Basil. Earnings for GWPH or May the 6th, would you like to know if you don't already know? All the best, Mike. Thank you, Mike. You know, I completely forgot. Just slipped my mind when they would have the earning. Yeah, it's been in the sideways consolidation, slightly down trending channel. Let me just drill this in and I'll show you what I mean. Today's just popped out of that channel, intraday to see if it can close there. This is good action. 171 is still one of my favorites of the big, at least for Mike and I understand that I don't do a lot of work on this. I'm just saying the ones that I followed, this is the one that's held very nicely on the pullbacks. I like it as just talking about long-term holding. This is probably the one that I've been discussing with at least for at least a year. Yes, a year already with subscribers that this is the one we actually have the ETF because I think that's the safer way right now to play it. That nice percentage gains got in recently added to the position. I like the area. I think this is an area that has potential longer term but be prepared for sudden declines. It's not going to be all smooth sailing. This is in its absolute infancy. In 10 years time, you'll look back and say, wow, I could have bought whatever it is and whatever a number because I think it's just a growth area in many ways. All right, that's GWPH. Next question I had was, and I can't really answer this. Where did it go? It was a question on the VIX. Now, where did that go? Oh, there it is, VIX question. Ben had asked, hi, Basil, as a subscriber to your informative music, I want to see if I get your feedback on the Weekend Article blur from Bloomberg regarding hedge funds shorting of VIX at either all-time, historical high. Thanks, Ben. I looked at that and I must say, let me see if I can find that. I had it there. I gave it to subscribers. Let me see, VIX, high reading. Oh, I shouldn't be high reading. Let me just see what they say. Look at the pair of Veranti shares, sentiment November. All right, I can't find it right away. I had it earlier on, very high shorting of the VIX, and they said it was bullish. Hedge funds are shorting the VIX at a rate never seen before. Here, let me show you something. So, this is Bloomberg. Slide it across here. There we go. Hedge funds are shorting the VIX at a rate never seen before. Now, shorting the VIX implies that the VIX should go down. So, I don't understand why they say speculative ladies, net short VIX positions are at all-time records. And they say, let me say, most of the hedge funds were net short about 170,000 VIX futures contracts on April 23, the largest such position on record, really CFTC data that dates back to 2004 show. Commonly known as the stock market fear gauge, aggressive bets against the VIX are, depending on your world view, I don't know where that goes, the world view from, evidence of either confidence or complacency. So, then why would it say, later on they say, that should be a big positive for the stock market. I'm not sure. Is this a market meltup? So, I'm looking at this and I'm saying, all right, let's just not get carried away here. It doesn't matter what anybody else says. Let's look at the VIX index. And as far as I can tell, the VIX index has a kind of a, I like to look at patterns that repeat. And the pattern that has repeated is that there's an incredible spike to the upside on some hysterical piece of information that turns out to not be as bad as everybody thought. High yields back at 50.30, that was the end of, that was February, I think it was February of, yep, 2018. Remember that Dow made its all-time high in January of, and New York Stock Exchange made its high in January of 2018. It has never gotten back to that level. The others have sequentially gotten there. The Dow did make a new high in October. So, then it plunges and it goes down to the 10.17 level in August of last year. Then it has two big spikes. One was the yields, tariffs, China, Saudis. It was everything, but it never went that high. It only went to about 28, 29. Pulls back, holds a key support level just under the 200-period moving average. It goes to the 14. And then spikes up to 36.20. That was the same news, the same everything. That was mostly, it was about yields. And then what happens at 36.28 plunges and plunges to the low of three weeks ago to the 11.03 level. Was that three weeks ago? Wait a minute. Whoa, 11.3. No, no, that was last week. 11, yeah, 11.03 was on the 19th of, yeah, 19th of April. And now what we're looking at is it's at 12.84. It's up 11. But look what's happened. It's made a very quiet, very subtle peak. Hey, then it's gone to a peak B last week. That sudden negativity didn't affect the market all that much, but it did pull back a little bit. The market did. So, it hit the 50-period moving average at 14 points, 14.30. And now it's trading 2.0. Well, that was 3.0, now it's a little less. It's at 12.83. But look at the pattern. You see this almost like a doji candle from three weeks ago. You see, I drew in the cup formation. It's really like a bowl formation, a very long elongated bowl formation. I'm suspecting that we're getting really close to a spike to the 200-period moving average and the weekly chart are 15.09. The 200-period moving average in the daily is up at 16.09. And the monthly is at 18.13. And I suspect we're getting kind of close to some kind of little bit of sour news, maybe not even bad news, just sour news, so that we can see a pop and the pop says it goes above that 14, the 14 level. And the next thing you know, we're trading at new recovery highs for the VIX. And it hasn't yet gone to the high of the 28th of March, but it goes to the high somewhere around the 14.30 area. And that's the big test. If it holds on a weekly basis at 14.30, I think we start to see softness in the general market all around. And if it goes even high into the 15th, all of a sudden we start to see sharper moves to the downside, then close lower, and you start to see triple digit down moves to the downside. But in the meantime, in the 12s, under 13, this is very good. This is bullish. This is saying that things are good. Now I'll talk to the longer term in a moment when we get back. We'll be back with talk about W as well, which is here in Boston Wayfair, I believe it is. Wayfair. Nice move. 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It includes a special blend of ionic, soil-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 have been called miracle molecules because like sunlight, air, and water, life cannot exist without them. That's right Paige. They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal edge formulated and approved by Nico 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 Trader's Edge heard here at TFNN.com. Hi folks, we're back. Don't forget Steve comes up, comes Dave, Tom O'Brien will be back and check out my opening call. I got some real nice positions there. We did get stopped out of a couple of things the other day, but more than making up for it with the others. What we're looking at is W question of the den. Yes, I do like this as only a leg, eight to the upside. It's a 159, but I would not like to see it pull back in the next, by Friday, this coming Friday. There's anything that happens to it and it's also trade under 153, 152 support. I'd say to you, oh, be a little careful, but if you're long already, this is really nice. This is what you want to see. Very strong. The Magnet turned up, stochastics at 77%. Wait until it gets to 80%. That'll be even better, but this is good. Can it go to the all-time hike to actually break to above 173, 72? I'd go step by step right now. So if you aren't in it and you're looking to get in, just safety's sake says to me, wait for a little bit of a pullback between 156 and 155, and then you could start a position. But if you're in already, that's really good. Next thing, yes, you're long then. Great. Congratulations. Good eye, because I think eventually it's going to go to a leg D in the weekly chart above the 172 high. That'll start a leg D. So congratulations there. Now, a couple of things I had, questions that I want you to get to. I'll talk a little more tomorrow about the VIX index. And as far as NUKE is concerned, I didn't mean to put anybody down there. I just thought, you know, when you legislate like this, it's easy to take these big steps with the mouth, but you've got to do it indeed. And that's going to be very difficult to undertake. But I agree. That's the idea. You should go in that direction. But I don't know if the actual numbers are correct. Okay, here we go. I had a question that I needed to get to now before we close out the session. Yes. So in the DAO, you'll see what I'm looking at here. The INDO, the DAO is up a little bit. It's up 37 at 265.80. Every pullback has been bought Friday and today. I think that that's good action. How long can it last? Because the stochastic is under 80% to 76%. The MAGD has turned negative. I'm watching this closely. We're actually looking at the downside here on the shorter term. We'll see how that works out. In the meantime, I explained about that candle. Look at that candle for the week. That's going to be very important. So I'm signing off right now. Hending over to Steve Rhodes. I have a wonderful day. Check out my opening call, front page of TFNN. And I'll be back tomorrow. Have a great day.