 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Hazel Chapman. Call now. Call free at 1-877-927-6648. On the 7th of December with a huge move up in the dial of 460, look at these two big green candles and the dial made a doji high at $36,565 on the 8th of November plunges down to the 200-period moving average in almost the exact time with an arch formation, left side, right side, with what I call the pivot point or the plumb line right there, accelerates quickly to the downside, I always say that it's very often that you can see the number of bars to the upside, not the number of bars to the downside, the only difference is that very often what we do see is that the acceleration towards the low, or even sometimes the high, but certainly to the low, can accelerate and you get big candles. But with that said, we hit the 200-period moving average exactly and we've had a really sharp turn around and this turn around has just taken out the declining, this is a pattern that I talk about very often, let me just close this for the moment because I'm busy I don't want to do two things at once. And now what we're looking at is, to that close, yeah, what we're looking at is within the patterns that I usually work with, we're looking at, there it is, a pattern that I call falling axe, basically it's a straight line up and then you start to make low lows, low highs and much lower lows and it looks like this, look, there's the handle, there's the blade of the axe and it's tilting down or expanding cone, starts to form a base and all of a sudden that base sees a break from that trend line to the downside and if it does that sometimes it can do a one to one to the upside in the same number of bars or the same angle, but at least it will try to get to a significant left side high. In this particular instance, we've broken above this trend line to the downside, the falling axe formation, long handle, blade coming down and we'll see whether or not, if we go one to one we will test all the time high. I suspect that we're getting to a point, this is what I would be looking at in normal circumstances and that is that this huge candle that we see today kind of stalls and then tomorrow we see maybe a doji candle or a down candle and that gives you the big test of both support, the acceleration, the momentum that you have to the upside, have you used up all the torque that is the starting, that initial thrust to the upside, but now you don't have enough momentum to keep going, well that'll be if the MACD, the moving average convergence divergence can cross positive, that'll give you another burst in the upside, that'll be if the stochastic chaining at 34% can get to 52% or higher, that'll be if on balanced volume, that's a lot of potentials that you have to look for, but if you look at the weekly chart, that was a fabulous move to the Chapman Wave inside track propellant zone and bam, look at this beautiful move, we're anticipating a nice move up to, this is even more than a nice move, this is a spectacular move and that monthly chart is saying what, this could turn out to be, it's always impossible to say, this could turn out to be a Chapman Wave incidentary style, we can't talk about that, let's go later into the month of December before we get there, right, let's just run through these quickly because there's a ton of stuff to be looking at, S&P broke its resistance point, that MACD also hasn't turned up, the 9-preme moving average is weak and it needs to flip to the upside, that'll give momentum to give the boost, I mean 47, 43.83 was also behind the 22nd of December, of November, it plunges down to the 44, was that 95, let me see if I can read that clearly, 44.95-12 level, it was just three days ago and here it is at 46.79, it's almost 200 points, that's amazing, higher and what we're looking at is that weekly chart also went to its Chapman Wave inside track propellant zone and now it's trying to rally off that sharply and that monthly chart, still in leg B, we have the whole of December to see if we go to 47, 43.84, one penny higher extends your leg B in the monthly, I was talking about this yesterday when we had John on the phone from Philly, we were talking about this and the question was have I ever seen a monthly chart have a leg B like this and they give everything back or at least a chunk and all I could say is yes in IPOs I've seen that, but not when you've got a history behind you of years and years, decades, 100 years in fact over 100 years, it's so rare and the monthly is good, the casting is good in the monthly chart, so far the SMB is holding extremely well, now let's get to the QQQ because this definitely is going to be an issue to monitor, this is a good move, it's just over the moments that I've been talking about, it's gone even higher up 10.15, 396.35, well this pattern is not as positive in the daily chart as the others, but there wasn't that much to go in terms of actual the visuals of the pattern itself, in price going from 408.71 on the 22nd of November the all-time high and yes there is a potential, there was a potential head and shoulders one of my least, my second least, my least favorite is the cup and handle pattern, but this not to say they don't work, it's just that by the time you recognize it the whole thing's done and what we're looking at here is the left side of 400.99 back at peak C, that was in November I think the 7th or something, pulls back, hits the 14.3 moving average, radies in a single move up to the all-time high 48.71, that becomes the head at peak D, it takes a dive, makes the dreaded H pattern, gives it more than a one-to-one to the downside, goes all the way to 378.90, so 30 points, it's still about anyone is eight and a half, nine percent or something, not such a big deal, but how it comes back is going to be really important because if you look at many of these stocks, I had a question about Amazon, someone was looking to buy it and I mentioned yesterday that it was, it's a touch to 200 period moving average and it touched it twice, it touched it yesterday, so all I can say is that I don't think Amazon, just at this moment, has the energy to go to 3762.50 in the all-time high, this is what I'm saying right now, but as a buy to start a position or add to position right here, even though it's up 79 points, I would suggest to you that because Amazon is such an Amazon of a company, it is just one of the major beneficiaries of almost every single area of the internet, of what people want to buy, I mean I did this the other night, one tiny little thing, I've done it so often, one tiny little thing to buy, click, I bought it and it arrives, actually came the next day, I want a waste of energy and time and space and paper, but I got what I wanted and I think a lot of people just did that for the convenience, so I think yes, if you want to just sort your next entry point, not your full entry point, just here at 3500, I'd say you'd be prepared that it could be pulling back, but I do think this is a major company, I'll be back 1000. is published every morning when the market's open to give you the competitive informational edge you need to succeed. 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Now this is gap up up almost $11 a 310.94 and I have to tell you something the more I work because of yesterday's huge close to the upside the consensus was when I went through all my different points that consensus was that the move in the Dow was very similar to other takeoff accelerations that within three or four bars you had a v shape recovery and you just wiped out all the negativity of the going down mode and there were new bars because of the VIX index and this was most important. I didn't have the courage to do it for subscribers. I said yesterday maybe this is the perfect time to be shorting the UVXY that's the VIX index hit 35.32 in leg D very hardly ever goes to a PD when it does do that you got to respect that's the Chapman wave cell signal they can go quickly to a cell mode and yeah we are down at 22 this is 13 points off the 35.32 high what is the UVXY I'm we're coming back to the estimators in a moment look at this from the 26 something high 26 was a 32 or something 26 22 let me type that in UVXY and I said this yesterday was up in the 22 around about 22 10 or something area 20 26.22 look at that you would have had a move from the 20 somewhere around the 23s to the 17 area I mean that is why I should actually have bought my puts on that anyway should have could have not prepared to go there just to say that because of all the action remember I'd spoken about the VIX index I'd said it is so seldom that on bad news like this you can go and continue going higher when for the last six months or seven months the highs were in the 28 area and they were all the same thing COVID rates fared whatever it is and within it the pullback was so sharp that within a week it went to a negative and this was the first time I said you've got two big green candles well look at this red candle and so of course anything can happen between now and Friday it's a weekly candle but look at this already that is a whopper of a pullback and that's it to me there's a chance that the Dow could be making some kind of a turnaround one of the reasons why I said we want to keep that long position from way back in March of 2020 because there's no way that you can get in and out without taking some risk and I didn't want to get out so we've kept our core position we did try on Monday it was just absolutely unfortunate we got in just perfectly we got in two split position long positions right there and that candle three days ago and then just got stopped out and bam it just took off like that that's okay we've still got we've got all long positions except for our QQQ short which is still quite nicely in the money I don't think it'll stay that way but that's the otherwise all our positions are long and then you're actually doing very nicely today but most importantly I think this has the potential to be a takeoff I'd say that there's a QQB a balance and then a retest of in the fairly the lows in the 34,534,300 that's still a possibility but I cannot ignore the fact that we got so negative there must have been so many people getting out of positions and maybe just starting to get back in a little bit now but not have not got full positions I suspect that if this holds and we don't get the little doji or the down candle tomorrow or Thursday and whatever happens at 34 35,762 right now in the Dow is the 35,000 or I put it at 35,300 to 200 area holds for the whole week and we still make slightly higher not necessarily more but slightly higher highs and higher lows I think that could be very important now of course you've got the whole rush of thing coming up what's going to happen I mean that's talking about stuff that's in the future it's like the COVID I don't think that that's going to be an issue right now it could be a talking issue but not a real issue not in this particular point and I certainly hope that the athletes aren't stopped from going to the Beijing Games the Olympic Games you know you train you've got a time limit when you're an athlete because you don't get this one you can't wait four years sometimes this is the end of your run and you're at your top form I always hate that I know it's a political statement but on the other hand these are if you really want to ameliorate tension get athletes together I mean there's a competition mostly friendly competition let me get out of that so we're talking about a situation now I'm going to go to the SMHs because this is really important the SMHs were pulling back very sharply considering what they have been doing for months and months and months the only one was the August 16th high of 276.69 dropping sharply to 248 so there you've got 248 you've got 30 something points you've got about a 12 percent 30 percent correction and that was time as well as points so I was thinking that this one so far has used up some time and not that many points what happens next is absolutely imperative to monitor this is a really good move now let me do this let me go apply materials around number high at 159 on the 16th of November slides to 141 trading out 155 then we draw the trend line very easy to do just go from there click to there let me just lift that up a little bit there it is okay so we've got that trend line we're about to challenge it in almost a cup formation this is the folding adformation right here beautiful demonstration of it right there we're not sure SMHs anymore we're looking at what was the other one let's look at the Marvell Marvell which had that incredible earnings report and then just screamed to the upside and 88.49 a day of the gap higher and now it's at 89.65 well I talk about the 80s it's incredible how many stocks I've seen just recent just over the last two days they were looking so good in the 80s we missed one today yesterday I had this on my list I say I like this very much just wait a day and I'll show what it is SIMO this is this is called Silicon Motion Tech Company provides negative I don't even understand it NAND flash controllers for solid state drives SSDs and a solid state storage devices and I draw all this out yesterday and then I thought oh this way today I would have got this yesterday for subscribers because I would have said underneath 74 well today it's trading we missed an entry today it's trading up almost 11% at 830 up 840 at 84.33 and only in the next I mean there are things happening together amazingly in that area are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with 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was made of 4685 round number high let's watch that closely this is the first time I'm seeing just a chance that there could be some deeper longer pullback it might not happen because there are a lot of people the short covering is just immense right now here's your chapter we've automated the resistance 468 4684.50 we went 50 cents higher and the support is at 4678 so you need to see at least a 4675 quickly and then 73 and then you've got yourself a little bit of a consolidation all right let's get back to the semis because it's so important so this silicon motion SIMO up at 84.82 886 up 11.66 just it I would never imagine that it did that my target was just the 78 area and then 81 wow it just it's an amazing thing all right now let's go back I want to look at Nvidia and Nvidia is trading right now up nicely but it's in still in the consolidation phase it hasn't broken out yet it is up 13 at 3 314 so it's up four and a half points so we're going to be watching this now draw the lines the same line everybody's getting look from that level to the dreaded H high so put that down and always have to lift that up for some reason I don't know why it doesn't fit it exact it's all right so also a question came in overnight Basel all those notations that you have on your charts other than the technical tools which are like the MACD etc are those automated and the answer is unfortunately not every single every single notation that you see on every single chart whether it's my one minute two minute five minute ten minute charts whether it's the daily weekly monthly charts every single notation is hand up and I would have had if I hadn't lost well it's not lost it's put in the file somewhere but I have to redo every once in a while when it suddenly shuts down train station doesn't immediately save everything as you're doing it I have to actually save and save it's not saying what happens is it comes back but it goes to another file and I've learned how to now do it so that I get back what I was working on normally what I was working on is gone and it's like three months worth of work just gone and then old charts come back if they get replaced so normally what would have happened is over the 30 years or whatever it is more than I've been using it used to be super charts and I moved over to train station they developed train station same company Omega I think it was and I would I would have every single chart that I ever did would have been notated from the day I did it from the very first daily day but I don't have that anymore so unfortunately so it's just the most recent so everything on notation so this is very good action for Nvidia but not great yet so we're going to see I still think there's some choppy choppiness to come there and in the cues because if you look at many I mean let's see what doc is doing today doc you doc you sign barely up it's up oh who 2.58 at 146 of some stocks is incredible have had whopping moves to the downside all right let's get back to our story so we want to look at Intel INTL part of the semiconductor the ETF big big gap up oh gap up because did they say I think they mentioned something about the chips that they've got news chips whatever it is it did gap up sharply to 55 round number high all those round numbers I had a whole thing I was going to go through round numbers today to show you how many made all-time highs stocks made all-time highs with round numbers at any time so Intel right now has gapped up sharp but now it's at the low almost the low of the session 52 66 was the lowest at 52 94 it's still up $97 it's really struggling I just think Intel's old school still it hasn't become news school now let me just do a couple of things so that's that oh MU was another one MU micron hasn't gone back to the all-time I had 89.05 was the all-time high recently but that same date had an 85 round number low at 12 on the 1st of December so this is kind of I'm watching this one it's not as good as the others it had fabulous move but now it's kind of working its way through to see if it can hold and and that really goes for most of them in that particular area now let me do a couple of things I want to finish up here I want to go IWM the Russell 2000 very it was a good move now it's a really good move finally it's taking off it's up 2.78% one of the better percentage movers of the day it is up at 225.11 up 6 nice so it's lagging it's in the it's in the lower range of the rectangle it should have a good move to the 228.230 one area if this continues for a little while longer and then maybe it'll store let's look at gold gold was down a little bit now it's up a little bit up 4 at 1783 it's just stuck in the lower range it's got a lot of resistance points but it did hold in the chapwave this is the up channel mini up channel called chapwave inside track propellant zone so far it's holding otherwise if it slips further than in the weekly chart it becomes a repellent zone just like the the daily dead so all I can say is that until gold starts to trade it can't just go there it's got a trade it's a 1783 and sort of trades in the 1806 or higher above the 200p moving average it's just kind of stuck for the moment silver a different kind of chart pattern just lower lows and lower highs it's really struggling it's up 18 cents a day at 2242 let's look at high grade copper high grade copper also stuck in the low ranges look at wood this is the global global copper global wood ice years thermal forestry etf nice bounce from the low that was made in the 83s trading at 89 right now but it's stuck in the rectangle sideways motion so we can we'll follow it but meantime the global timber and forestry etf wood wod is acting very well in the short term but more intermediate term it's stuck I wanted to look at high grade copper and crude oil crude oil continuous contract very nice move from the low that was but I don't usually like to type these in because it gets smoothed out and then the price changes nothing about the pattern or anything else but the price gets changed 62 43 was the low on the second the trading nine points higher this is really good but the weekly chart says that might be good but a second a range yes a second range and the monthly chart says holding good support let's see what happens over the next few days if it's going if it gets to 75 and start to fill in that ugly candle of the 26 of November had a high of 78 ish and 67 low I mean 11 points that's huge on the downside so if it can fill some of that that's good now a couple of things did that did that did that did that did that questions came in I did that did that fxi is that being helped at all yes it is just on a balance but this is still not very good this is the this is the large cap china etf and it's trading at 38 77 up 58 cents I just don't see anything there right now but I want you to show you the IYT the IYT that is a big move it's almost filled in the gap on the downside this is the I shares I love the name I shares Dow Jones transportation average index fund give me a break didn't they think when they were doing that they should just call it something shorter Chinese it's the Chinese Chinese are right now at the Chapman this is the falling x resistance inside track resale distance if the I if the I shares Chinese can go to 273 39 up sharply but if they can trade in the 276 area between now and thursday that's really good are you in the market for buying or selling real estate in the bay area including the surrounding st. Petersburg Tampa and clear water 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 from the price you should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call tiger real estate LLC today at 727-329-8322 or email us at tiger at tfnn.com that's 727-329-8322 call us today the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information David 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smh's to recycle and have this little mini a to b equal c to d this is the lightning bolt pattern break what would what would change the estimators from negative to positive well first of all it's been short term only i've been talking about this whole time that it's the data that's been short term negative and the only reason why we wanted sure i wanted to shorten was because it had the exact same patterns correct patterns for pulling back which is done now it's almost completed that move but the nine did not it was so close yesterday but it did not go negative the nine been moving averages above the 14 i can't argue with that so all i can say is this that if there is a close not just a push above 318.82 the all-time high that was made around about the 22nd of november if there is a close in the 320 to 322 area that will suggest quite strongly that the weekly chart is really in a new move to the upside and that will help the monthly it's just almost impossible to believe your eyes is pop right out and you say is that possible that it could just keep going when there's been a chip shortage and until we start hearing words about glut chip glut chip glut chip glut we haven't heard that yet this is so far a really good sign that the estimators and semiconductors have held and i'll make a big deal about it because this is as i said before this is the the engine this is the oil of the economy chips there's just no question about chips so what we're looking at here is the smh's i've got a little trend line i can show you right here right there and that high click to that high there so this is a really important couple of days number one is a couple of days because if the guy has another big green candle tomorrow that that can't just be short covering that is brand new buying as well and that's really positive and that stays off any deeper decline then in the dow i would just put that at the whole 33 000 area should be very strong support but what's really important here is that the power of the move back to the upside how determined it is every single pullback so far in the last two days has been met with buying i do not fight those things and that's the reason why we have just one short position left and that might be taken out but that's the way we were looking at it and we're adding long positions and we're adding long positions in areas that if they work could turn out to be more not shorter term but more intermediate term so that's the way i'm looking at it and i'm just letting the market tell me we had some stocks just it clobbered can't believe it i'm especially in the what look at this look at this stock here this is salesforce.com it goes from 310 this is a major force in the cloud area 311.76 all-time high on the 9th of november makes a 310 round number open always a clue to say whoa be careful and it plunges down to yesterday's low of 250 311 that's 60 something points a major company in a major area so yeah they've been some big big losers but what we need to be looking at is the rotational aspect let's go to uh sharky in uh massachusetts hi sharky how are you? hi balzo how are you uh can you hear me? yes i can what would you like to look at? well you know i was wondering uh back two days there was a call on the oh i h i didn't know if we kind of missed that and then and then uh clf okay so folks oh i h is the oil service etf fabulous little v-shaped mini v-shaped move not like the down just a mini one in the oil service area it's at 193 42 sub 7.23 it's up 3.88 percent cannot dismiss that that is a huge number percent you know just percentage wise but it did come tumbling down and it hasn't taken out the 200-period moving average resistance so is your question is this a trade or where's it going what's the question? it was kind of a trade and stuff and i saw the 200 uh you know emn i just wanted to get an idea of what your thoughts were on it my thoughts are that crudor is probably going to hug this line for a little bit it could go above it it could go below it i think if if what normally happens after being support and it plunges below it becomes resistance the oh i h would have to go to 197 and hold there and then make even a higher high to 200 to say that magnet of the 200 uh level 200 ema level and that exactly is 194 let me just click on it to give you the exact price 194.14 is becoming a propellant rather than a magnet to to attract the price keep coming down so that's that's number one number two is if you look at crude oil itself very much the same very much the same pattern you'll see that the way i've been looking at crude oil is that it's in a big trading band between the 85 area and the most recent low of an actual crude oil around about 62 and at this point it's up 10 at 72.59 from four days ago the low and if you look at the weekly chart it's got slightly higher lows and much higher high so i suspect that we're now looking at a trading band of crude oil going into this ugly candle of the 26th of November with a high of 78.65 and a low yeah and a low of 67 so i suspect it's going to be in the zone for a little bit longer i don't really see any i don't see anything to that for me would be a trigger to say wow crude oil is going straight back to 80 i think it's going to complete this already in another day or so then store and then fairly wide trading band before it can take off back into the 80s but i'm looking at this i'm looking at chevron i'm looking at chevron making a new recovery high so we're looking at yeah again in this particular sector we're looking at very diverse action look at look at exxon which is way down at the lower range cbx so i think you have to be very specific and even in the oil service sector you've got a very big divergence between the stocks so i think the generic oh i h is a good way to trade this and i would say even here in 19294 if you put your foot in the water right here i suspect any pullback will hold the 188 to 186 area and there could be high highs to come and then be carefully if it arches over but in the meantime i think it's acting nicely but the other question and if you have time for for clf i don't know that the clf at this particular point having held the 200 period moving average which has been spectacular as a base for quite some time let me just show you something yeah look at this from below we'll play back in september right on the line at uh 1886 it's streamed up to 26 thousand percent of ee ee in october and it gave it an a shape back all the way back to the point of being moving average i kind of like it i'll be back in a moment we'll be back for short in a moment we've got the product from the s&p's 98 points sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious 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