 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. Good morning everyone Basil Chapman here on this Tuesday the 16th of April mid-month and we're looking at the Dow 114 and 37,853 after a really brutal session yesterday in many of the indices. Dow actually doesn't look that bad except it's been on its way down since the 39,089 top back on 27th of March. This is the daily chart and the daily chart has gone into a cell mode. It's holding the it held yesterday the Chabemake Insight wedge target support line and that let me just open this up so you can see what I'm looking at here and that's going into this whole area with 37,132 is really the downside target within the net by next week by the end of this week actually. If there's further weakness but let me just show you the technicals as I look at it. Here's the nine-period moving average pink sharply under the 14. The magnies very weak the redness strength is this little gray line over here. It's weak and if you're looking at the unbalanced volume is weak. If you look at the stochastic it's down at 7%. Remember 7% on the downside if you are bearish and we are bearish the short term not long term but bearish because we've got short position and the in the Dow since just off the top. When the stochastic is up over 80% and holding like it was there that's really bullish. When the nine-period moving average is over the 14-period moving average that's really bullish. When everything's negative and you're down at 7% think of it as if it was 82.30%. On the upside I'd say wow if you're a long stay long because that's really good but wait a minute if you're down that means if you're short stay short. Well at this particular point means we've got to go daily chart to the weekly chart and this is where I spent some time yesterday saying that I've got two almost parallel highs in verbiage. I take the second one as a really good opportunity to at least consider it as a peak. In the Chapman methodology we try to identify a low and then on the fourth highest peak peak D that's where I say other things can happen. You could get a restart an instant restart thing go much higher there's a bunch of things but most importantly that's where you can also get your sharpest downward but every once in a while we just miss making that D not we whatever it is we're following by just a couple of cents or a couple of dollars if it's a high price stock and in this case we went $39,089 to $39,860 so I consider that because the MACD was turning down stochastic was turning down on balance was turning down that was like a phantom peak so it was like you did get to D on the technicals it was just a little pop up the MACD the moving average convergence divergence and the nine-period moving average was still strong that I used it as a D and I said that's the chance that we got a very sharp pullback well so far we've got that pullback that even today the earlier on we were over 200 points in the futures and we couldn't hold it I don't think that after all the selling pressure I think that there's a bounce and that bounce oh let me see if I can do it on this chart I'm hoping that this is the chart that I could pull up no it's not the chart oh man where is that chart is it over here is it this white one here no it's not this one okay forget it I had a chart or was it this one here yes so what we've got here is I picked it up and it's got the SMHs you can see here are all the resistance points and here are all the red is the support and the black is the resistance and it held all of those and then we've had between 228 and 241 we've had a number of daily chart resistance as Chapman automated it's based on the MACD and the stochastic I'd asked my my good friend who had the late Herb Brun to do it and he did this great work for me unfortunately passed away so some of the things that I really wanted him to continue with are unavailable anyway so you can see the SMHs have this whole bunch of support levels this is go one at a time on this is just the daily chart look here's the daily chart look at the cluster of support levels we've got these are automated and look at the stochastic down at 6% that's very negative but at the same time watching the where did I put it do I not have it here on this particular chart now I don't so what we're looking at is if this fails 36,541 is the Georgia period moving average I don't have to think of that just yet even though we're on the way down because it has to pierce these these support levels because the S&P SPX on X trading right now down just 65 cents at 5061 it has two support levels if I can actually pick up five thousand and twenty five thousand seventy two point thirty three five thousand sixty nine and here it is with a low today of five thousand and forty five so it's gone below it can it get above these resistance else look at the QQQ QQQ has four hundred twenty seven what's the low today for twenty nine so it's holding quite nicely but look at the resistance at four forty seven twenty nine which is very reversed a couple of days ago and you can see it's got the pink nine period exponential moving average this is because the IWM IWM has a hundred ninety four point eighty two is the next key support what's the low today one ninety three point thirty six when you break under it you you really don't have more than a day in which to kind of bounce back over it right now one ninety four oh three we aren't over it but one ninety four eighty two will be the number to be following throughout the day let's go to the gold GC you can see two fourth one three point eighty is automated resistance levels we went higher than that we went to I think it was forty something yeah twenty four forty eight point eight and because silver and gold right now is up just a dollar nine at twenty three eighty four point five is the cash cash S&P's cash silver is up at the twenty eight eleven level so down sixty cents twenty nine seventy six was the automated channel look at those resistance they worked over there so we were watching this and the level that I'm watching is so it went to twenty nine point ninety nine yesterday twenty nine point seventy eight is the automated resistance level and it's a little bit below that I wanted to show you the bonds we've broken all the support levels in bonds it's a hundred thirteen and twenty thirty seconds down twenty one thirty seconds so the level to watch is now what was support a hundred fifteen fifty that's that's going to be a hundred fifteen says fifty but that would have to be put into the fraction so it's a hundred thirteen and nineteen thirty seconds just do it on the TLT because most people have that TLT broke under the eighty eight point eighty six automated support and now that's resistance and it's trading at eighty eight point oh five right now so that's what we've got let's look at the high grade copper a great copper was doing so well pulling back today at four point two eight it's down just nine cents and there's three four point four two and four point four seven on the automated resistance level someone had asked me yesterday if I don't I wouldn't mind showing some of this in greater detail after I showed it when I was doing Tom show yesterday what am I missing I'm missing crude oil crude oil is trading just down twenty eight cents at eighty five fourteen and it doesn't have any automated resistance levels here but that resistance is now supported eighty four point oh three and it's trading eighty five thousand captains it's a thousand what is he's now to better action of your right if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30-day money-back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN 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a part of this educational community of traders just visit the front page of TFNN com toll-free at 1-877-927-6648 internationally at 727-873-7618 hi folks so I showed some of those automated Chapman wave support and resistance levels the next question came in could you could you go over the chart with the 914s because they seem to have been really important yeah so I had mentioned that Broadcom AVG over it was a Vagio they bought it over this is so Broadcom is trading at 1315 up 4.72 and this is green still the nine-period moving average has not turned down but a Nvidia has and video is now probably up a little bit surely yes up 16 at 876.49 it went green it's been green since the last time it was green was in December the third December the 13th we was down the 470 480 area here it is having gone all the way to a high of 960s wait a minute it had that all-time high hey whoa let me get back to this yeah oops wrong chart that's right yeah anyway it's gone pink and the SMH's are they still pink yep they still pink that's the first time the SMH's since just a brief one day turned to pink having gone positive green on the 6th of November down the 140 area 138 this is the first time that it has turned pink and that just says that you know sorry second time it did it for a day back in January so I'm watching this very close it's a work in progress if you can go through all the others I'll go through the others by going through the diamonds look the diamonds are very negative up today in price but that nine is 14 is first time it went pink the other about a week or so ago since it crossed on November the 3rd to the positive side spies the same thing spy went pink for a couple of days now spies up 35 cents at 504.80 QQQ there it is pink when pink and green in the last couple of two weeks now it's pink again and IWM is very pink has been this way for a while very sharp decline so with that said yes I've covered that now and now I can go to all the other questions that I had I'm going to go to right here I go to my major charts is my daily weekly monthly look daily weekly monthly now I had mentioned this and I'm gonna do it again I'm gonna do it a few times because here again I have to consider this to be a work in progress the Dow on a purely Chapman wave methodology is actually at a peak C but over the not years over the decades over the hundreds and hundreds and hundreds of thousands of charts that every chart you ever see of mine is notated many many of them are notated for the third or fourth time in the daily weekly monthly because I used to use a little lose a lot of data I don't even want to talk about it now because so far it's been not bad I've used a slightly different system now of saving etc but I have no idea where I'm gonna lose that data then whatever charts I've had most recent charts first I don't want to go into it all I can say is that I lose data it's there somewhere in the library but I can't find it okay so with that said what we're looking at now is that if the weekly charts and I used a phantom peak because this peak I don't want to go through the numbers this peak the back on the week of the 1st of December in the Dow and then the 8th of December it's just a fractional decline slightly lower high but then it happened the second time but what I always do is I say okay I'm going to use the second one as a phantom peak I'm calling it a peak in this case a normally that this would have been a peak a right there that would have been one of the longest single weekly charts to the upside not in a big move in in three bars but a whole bunch of bars I'm talking about going from October the week of the 27th the low of the 27th all the way to the first week of February I mean that's amazing right high eyes every single week was high eyes except there was just a fractional higher high here and I same as over they this time I used it a reason why I'm making a big deal about this is because I said to subscribers over the weekend to my opening call that the reason why I'm very concerned here is that if I'm correct in saying that the degree of decline in the daily chart has been so substantial and so quick and so persistent that I have to consider that all the action could in fact be the action of a peak D in the weekly and that's not just the major thing the major thing is the the futures that trade not in the market hours they trade overnight they trade in the weekends on Sunday night that is a genuine peak D right there now what's the big deal because in the travel way methodology the objective is to get you to a peak D like this here is going to peak D in the daily chart of the wine that's different to the peak C1 C2 in the daily chart of the Dow and even that I didn't check that out yeah even the diamonds went to peak C1 C2 so that and the diamonds I as I have used this phantom peak so I'm considering that there's a really good chance because of that if I go to the E mini futures I've got a big D a genuine this is not no phantom peaks no nothing peak F in the daily chart peak D in the weekly chart a leg D in the monthly chart I have to take it seriously even though despite I no matter how I try I can't get the spy to have a peak D I can't get the S&P to have it right there to have a peak D it's absolutely a peak C so there's some every once in a while over the decades I would get either the Dow or the Dow or the diamonds DIA which is what we're short in the short term not the long term so they're very good long-term positions every once in a while I'd get a D in either the Dow or the or the diamonds and I had to choose one of them and a very that turned out to be the correct move so I'm just saying I've got that in the S&P I have a conflict between the futures which trade to not 24 hours a day but most of the time to almost 24 hours a day and look at the QQQ they've already made a peak D look at the IWM it's already made a peak D look at the SMH's made a peak Ian has been stalling since 239.14 back on the 8th of March and here it is pulling back and not a bad data it's actually up 95 cents but look turned pink and the nine-period moving average in the daily nothing in the weekly not even close to the weekly so this is what I'm saying so work in progress on the shorter term I would just want to be ready that there could be a deeper correction I don't know if there's going to be but that's why I've included the weekly charts now RS RSP this is also an important indicator they like to use that's a peak F as this is kind of confluxes peak G in the daily and what is it is the S&P 500 equal weight ETF now one of the reasons why I'm making a big deal about this is because the starting point was in October October the week of the 14th and the SP RSP that doesn't say the 500 equal weight so it went peak A that's an A that's still an A that wasn't the higher high that becomes a B but the buy mode is still in place look the up arrow is there and you haven't even come close to that low but then therefore I have to continue the count and that says you've gotten to a C right here and you've started traveling inside track repellent zone when it goes D and E pulls back so I have to call that an F it could be an alternate count but at this point I'm going to call it an F and it just says put together it says be a little careful here be very selective I'll be right back buzzerchap and target conditions are if you spend any time online researching trading techniques on how to begin your trading journey you've no doubt come across many folks who push forex trading as a way to make big money quickly unfortunately there are equally as many stories of these so-called forex professionals just looking to make a quick buck off aspiring traders without actually teaching the ins and outs of the forex market this is what sets Teddy Keck stacks the Tiger forex report off the riffraff every Monday former Chicago mercantile exchange member and author Teddy Keck 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has honed his methodology in order to accurately call movements in a wide range of equities from semiconductors to uranium to key indices and so much more Basil is old school taking the time to educate the trader while also giving his insights into key indices selective stocks and more opening call subscribers also receive access to dozens of educational live streams that can be accessed at any time for your edification all first time subscribers receive a 30-day money back guarantee so ignore the pop trading influencers and start learning time tested technical analysis are you ready to take charge of your financial future TFNN is your gateway to the world of trading and investing whether you're starting out or scaling up TFNN empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques it's time to protect and grow your money with insight you can trust join us live Monday through Friday during market hours for exclusive content that 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Hi folks I had a question about AQST this is a question of therapeutic six biotech company trading at 3.75 down 19 cents. So the question was where would where's a place to add to a position. So since you've already got the position that makes it a completely different animal because it means that you have belief in it and therefore what I'm looking at is where would be the trigger point to say it stopped going down and that's going to stabilize then does the stabilize sideways and then gap to the upside or does it have a V shaped pattern by gapping down and then turning around because it is a biotech. So it had this huge gap down from the 5.41 was that 5.62 high sorry 5.41 low. Is that a 5.41 5 that's a 5.11 low on the 19th of March and the next day the gap down high is 479 but it didn't have one tick above that it's only made lower lows and lower highs. So that just says to me being a biotech you have to wait for news. So what I would do is as you're getting closer. Did you have a date here. I think you said there's a date is that in April 428 428. You're getting very well. FDA inflection points. Okay. So you're looking out and looking out I'd say before that the way that went to legs see how it closes is going to be very important. I drew a trend line in the came right back to that trend line in the monthly chart. All I can say is looking out if it if it holds for because it's a monthly chart I'm going to actually say and it's a biotech. I'm going to say not just once but if on a two day preferably a three day participating on the upside holding about 5.20 is trading in 3.76 right now it's biotech so you can talk these big numbers. I would say that would give it a chance to start that leg deep to the upside to go higher than the 6.31 6.23 high that was made. That's number one. Number two is I wouldn't add to it right now and even if I said to you I'd rather have a three day picture whereby it breaks to a new high pulls back and then makes the leg be and it needs to do that I'd say within three or four sessions. So you can get not just an A but to a B and it's made a low low so they would have to start from today's low. So if you wanted a number the number I'm looking at is 347 in the weekly chart that's the 200 period exponential moving average that's not far away 30 cents it does that it could do that in a day but more importantly it isn't the number I'm looking at the number of bars that it has higher highs. It's not made more than a peak A maybe that's a B now it's a double top it needs to make a decisive leg B strongly above a peak A and then give me a call and we'll have a look at it. I don't think this for me looking at the FDA and this is the 16th so you've got you said until the 1 21 24th late 28th so the 28th of April will be. Oh good trading on a Saturday very nice so you won't be able to do anything there but I would just say to you it's not the number it's the pattern and I'll draw this in and I'll show you exactly what I mean. So you see this you see these low these higher so let me take this high bar right here and then look at the lower highs and look at the parallel that we're looking at here. So this is a mini channel and it's a very unfortunate one because it's made a gap down and that high hasn't been even broached close but not even gotten near breaking it and now you can do a parallel channel right there because two trend lines make a channel and what I'm saying is that coincides with key support that's a 350 8 360. That's trading at 376 if it takes out 360 if it goes to 358 and closes under 358 then the 347 level might just be a starter so I'm going to say two positions one is a nibble at 347 but I prefer that you give me a yell and we'll do this together down in the den and number two is I would probably say to you I'm still wanting to see higher highs I don't want to lower lows that's catching a falling knife so all I can say is that eventually with a quest of therapeutics AQST is trading not just hits but trading in the in the gap in the 482 area that's where I think you've got something more appropriate I hope I helped you spend a little time there I could have said it a lot quicker very good big trends I'm going to test these are current main holding is it oh you weigh down the sub 70 cost basis and you've taken most off in the five to five okay so we're in the same we're in the same ballpark yet it is therapeutics it is biotech I would prefer to get closer and closer to the any FDA date of substance and then look for higher highs it's the best way to do this and once it starts moving you can actually jump on the bandwagon and stay there and with the training stop that's one of the better ways but looking out I I must say it said five what did I say it was right there 38 did I say oh five yeah somewhere around the 520 level that I'd be ready careful that if it gets up there I think that's where it's going to really move to the upside next question was I don't really want to do this but I'm going to do this oh yeah goes Nike someone asked me two days ago because I mentioned it in my my overview of my former subscribers how we can look at certain levels and there's a chance that the round numbers can work to the upside as well and I'd mentioned this a couple of days ago I said look a Nike had an 88.66 low in September of last year it then screams up to the hundred and twenties makes it what I call it's it's like an arch formation where it looks like the Eiffel tower straight up straight down and what does it do does only have 27 S&Ps down 20 right now it comes back while the market is tanking over the last week it's running to new recovery highs and it had on the on the 10th of April it had an 88.78 that is six cents so it is 78 that's 12 cents above the 88.66 low of September the histogram just the last couple of weeks to start to improve in the MACD that's not a big deal but it's nice to see it improving the stochastic was very weak at 9.74 but the on balance volume of the weekly chart and this on the weekly chart started to move up because I'm talking about the weekly weekly chart week test but on the 10th it had an 88.78 low and an 89 round number close and then two days or three days ago it had a 92 round number close I'll be back in 2027 the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the u.s futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xAU hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy sell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com the stock market is a delicate interconnecting web of commodities equities and trader psychology when one string of the web is pulled it has a ripple effect across the broader market this is where opportunity lies but how are you to gather all of this information into one cohesive model when you're already spending your energy looking for any possible trade opportunities luckily you don't have to worry about that as tom obrien has brought all important market news to you in one single newsletter market insights market insights provides a daily overview of what's happening in the indexes bonds gold and more follow along with tom daily as he analyses the components that affect the overall movement of the stock market giving insight into how each one plays either a bullish or bearish role tom also analyzes specific equities that he believes has the potential to make huge returns and his track record proves his analysis right all first time subscribers receive a 30 day money back guarantee so what are you waiting for don't let the market leave you in the dust for traders who crave risk directions daily leveraged and inverse ETFs provide opportunities to magnify short-term perspectives with up to three times a daily leverage utilize bull and bear funds from both sides of the trade and trade through rapidly changing markets these are highly leveraged ETFs with daily resetting designed for short-term trading not long-term investing whether you're a bull or a bear you choose the direction for up-to-date pricing and performance go to direction dot com investing in the funds involves significant risk and should only be utilized by investors who understand the impact of leverage and actively monitor their portfolio they are not designed to track the underlying index or security for more than a day before investing carefully consider a fund's investment objective risk charges and expenses contained in the prospectus available at direction dot com read carefully distributor foresight fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ folks we're back down is up 49 SP is down 15 and we've got Garo in the new port beach and you're looking to rent something is that it yes sir how are you mr. base I will well how are you thank you thank god thank god it is something that I was in it last week and I want to share that with you and I need your idea very very very very important for me is them is a stock is rent R E N T my chart if you bring the daily chart yes that's a single leg eight to the upside right it ran from under five to almost it went to 27 or let me just check the exact number now I did 2890 did you mention this to me or did I see it on my screamer list I think I wrote it down yep I wrote it down I have a list of stocks that just pop up and what's interesting the screamer list these are stocks under $10 that show up on as as having a good move and this was one of them and I looked at it in the school rate my runway and I thought that is interesting I think this is I I read about it and this is to do with modeling and stuff like that so what have you done this stock as you know maybe on on my April the third it's split reverse split one to 20 something about 40 50 cents it went to $6 on April the fifth it went down to 446 in four days it went up to 2890 right here the only time that I had the courage to buy it was when it popped about the 50 days simple moving average I bought it at $10 and I got out of it at $16 and it went up all the way to $24 so I was out out of the 16 I made $6 out of it after very good I'm afraid I'm even afraid to look at it you see I don't have they got it we're sure that yeah now my question is that Mr. Basil is this going to come down to $8 which was the gap on April the 10th or it's going to demise sometimes here and it's going to shoot up from here so when you look at stocks that have reverse splits now they do that on purpose for some of the direction type stocks the three times shorter to three times long we just had that happen with our SOXS the three times a shorter split in reverse split 10 for one but everything's the same except the price is different but it's nothing's different other than you've gone from 10 shares to one shares or 100 shares to 10 shares but this is the most important thing general electric once upon a time did that that's one of the few really unbelievable success stories that I've ever seen with reverse splits okay with that out the way this is different everything about this says to me that it's trading right now down 62 cents at 14.10 it's being cut in half from the what it was just two days ago the way it looks this looks to me like a fake out it looks like something that it was an aberrational thing it had very little to do with the company it had to do with manipulation so the way I'm looking at it I can see a very quick move between 12 and 10 that's where the key the key support level will be in the tens if it takes out 10 that's going to be the perfect Eiffel Tower that looks straight up and then straight down you know the Eiffel Tower looks like an uppercase A capital A well that's the way I'm looking at it I don't see anything in the technicals that say to me let me just look at the 120 minute short right there do I I just try to be as objective as possible so that went A B C D it actually made a D or an E in the Chapman wave methodology up at that 27 2750s no if this nine-speed moving average crosses negative this can be a really quick move down to the tens so it's a 1395 I would be I you know I don't know how you because you have this good technique you you didn't have the courage but you just had the perseverance to be able to look at it and say I'm going along and you did it and you got out perfectly the fact it could have gone to 110 it doesn't matter you'd made really good money and you got out and you weren't you weren't vulnerable to the downside so I'm looking at this and I think that whatever it was it looks to me like the first really good support will be between 12 and 10 if it takes that out I wouldn't even touch the stock for a long time until it forms a real base hope that helps you great great great thank you sir thank you sir congratulations girl on that move very good so folks bye bye speak to you soon so but folks I just wanted to show you that I'm going to go back to Nike that we were looking at just because it was a work in progress that I wanted to talk about so down 55 cents in 88.24 82.42 was the low back in october or so of last year and then it ran up to 100 this is the iShares treasury bond 20th treasury bond ETF but look at this yes it's trying to find some kind of a base right now the stochastics at eight percent on balance volumes are very weak the MACD the histogram that's the zero percent line is actually expanding and that just says to me please be careful here we can certainly we can have at any point you can have a good rally but now that I've got all the key indices that I follow with nine period moving averages under the 14 period going pink just says to me wow this market has to really prove itself to the upside short term it might do that so I just wanted to say that the the fact that the tbt which is the inversion of the iShares 20th treasury bond ETF is the short side has gone to a possible leg e to the upside right here legs see in the daily is I don't have anything other than that the on balance volumes are a little bit overboard but the stochastics at 90 90 percent and not flattening it's rising the MACD is rising the on balance volume is rising so that the relative strength index is rising it's only the on balance volume that's a little bit overboard so you can have a bit of a pullback as a digest but so far everything I'm looking at is suggesting that yields are going higher or at least they're not going to go down very much they're stabilizing at the higher level so I'm just saying that's important so so the question came in about Nike because of the analysis I did over the weekend did I type it in the wrong place yes I typed it in the den sorry den that wasn't what I wanted I just wanted to show you something that what you'd be looking at for double bottoms and that's why we'd be looking at the TLT that's tried to double bottom and then it took out the left side low it's done that umpteen times um so let me just let me just look at this and say I'm going to expand this a little bit because you want to be able to see it so you've had the art formation and you're only now getting a little bit of stabilization in the weekly chart of Nike what Nike sports and sports where I don't know I don't know what there is here that should be a viable entity but I'm just looking at the chart and the chart says look that pink nine period moving average was in the daily chart went so sharply lower now it's trying to come back it doesn't it's not even close to crossing positive but you've got this round number of 89 on the 10th and then on the um three days later on the 12th of April it has a 92 close 92.00 I'll be right back we'll talk about that that was up 78. 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newsletters tab don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv our folks we're back and let me just see if i can find this right here good okay so uh all i'm saying is this that sometimes against a backdrop of tremendous positivity you can get negatively somewhere in this case it's against a backdrop of tremendous negativity with all the markets turning down nike is held i don't know what they've got because i mean it's just a product like any other sports we can get them anywhere but look how it's held and it held the 91 so the the 89 close the round number close of four days ago and and three days ago it did 92 today we're a little bit under it and look it's trying to rally so this is the one i wanted to point out that you can't lock in certainly with the round numbers remember we've got an nvidia with that round number high all-time high we've got a whole bunch of stocks berkshire hathaway etc but now you also can look at lows and the round number so far says maybe it's holding okay days young anything can happen i'm just looking at this and i'm saying sometimes you've got to be able to look at both sides of the coin that's it so let me just do this before we wrap up and hand you over to steve rosen all the great programming today and then once again i think i might have typed in the wrong place there we go so as we wrap up i'm going to say to you the down right now is trying to independently strong it's up 31 sbs down 13 qqq is down but what i am looking at is this is an ugly candle again and what i would suggest to you is that you've got to be somewhat cautious i'm considering that these weekly charts are telling me a story that's a little bit of a bigger picture than i was thinking before with just the daily charts watch it closely by the end of the day i would like to see what i'd like to see in the market isn't listening at all i'm just talking to you i'm saying i would love to see a balance i'd like to see the doubt actually close towards the uh is that 37 770s i like and the height today was 37 990s a lot of resistance under 38 000 i'd like it to see at least close up about 90 or more points and i'd like the s&p to actually close up about 15 points the reason why i want that is i don't want this straight down because it's going to impact that weekly chart all the weekly charts very negative so with that i'm going to wrap it up check out my