 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 on this Monday the 23rd of October and we're looking at a very interesting market. Let me just go through a couple of things. Number one is the Dowdown 62 at $33,063. Hasn't taken out the $32,846 level but now that I'm back in the office I can show you all these charts. I just was a little afraid to do it the other day because I was working on one laptop with dozens and dozens of different windows. Didn't want to mess things up. So I'm always looking at straight line up, straight line down. That's one. Cup formation or it could be a V-shaped formation going from one level down back again to that level, testing the upside resistance or breaking it. Or there's an arch formation. So it's straight line, cup or arch or inverted V and that's to me that's all you have. So there you go straight down and then you're ready. Failed at a peak A or a B. That's the first or second peak on the upside and come back over to arch and the reason why it's red is if you take out the left side load decisively you can go a lot lower. If you hold like you did over here or you have, this is the reverse Y pattern where you take out the left side high. That's really positive. In this case you see the arch in the daily chart on the left is actually a little double arch but it's basically an arch that goes up to peak A then a lower low goes to A and then B and then fails and it comes all the way down. You went to peak A to peak B and now you're trying to find some kind of support holding above the 32,846 level. The other thing I look for is a nine period moving average over or under the 14 period moving average. I'll go through that in a moment. Let me just move this aside. Let's say that that S means that the Dow weekly chart slipped to negative so it's in a cell signal upgraded to a cell mode. In the weekly chart the S&P, the S&P in the daily chart just took out the left side low of 42,16 back either beginning of 1st of August or end of September went to peak A and then a fractional B and then a fractional C which is always negative and now it's a C-Y because it made the dreaded H pattern. It took out the left side low. What happens next is not the end of the day and it's a daily chart say for closes about 42,16 as at 42,15.98 at least on a very short term basis it saves the day but you've got the arch formation in place and you've got in the daily chart for a while now we've been in cell mode. Now the weekly chart on Friday at the close gave a cell signal upgrade almost immediately to a cell mode because it took out that it made for the second week it made a pink 9 period moving average pink means it's negative green means it's positive and now we're going to see what happens next. Look at the QQQ. Finally today the weekly chart and of course this is a weekly chart. I can't talk about this as if the week is done because what 38 minutes or something into the first part of the trading week I can't talk about it as if it's closed but I can say on Friday the NQ that's the futures did close S that means the 9 period moving average close under it. The QQQ the index itself did not. The investor QQQ trustee is in fact the index 100 trading vehicle. So this could still flip back because it's in the sideways range but that weekly chart made a lower low and this is in a cell mode the daily chart I'm sorry the weekly chart I have to consider that it's at least in a cell signal. I don't say yet it's a cell mode but certainly a cell signal and the monthly chart is still pretty positive IWM the Russell 2000 I want to spend a little time on this because the beginning of the week at the end of the month we're looking at the IWM the Russell 2000 down 6 cents and 166.40 within this big rectangle in the weekly chart for a long time it's been in a cell mode the monthly chart says oh I know this pattern so well wow you better hold the left side low of 100 and is that 58 80 or something I can't remember offhand 162.56 162 yeah 166 oh there's 160 right 162 it better hold that in October and November because otherwise it's a real problem now let's do something else I just wanted to quickly show you so cell in all the key indices that's the Dow the S&P the QQQ the IWM the XLK the SMH is as a semiconductor I'm just doing that look there it is XLK which is the S&P select text by the fund yep went to today it's in an S that was holding pretty well but this is the beginning of the week so all I can say is that the dating charts cell modes the weekly chart I have to give it at least a cell signal I haven't put the down arrow yet but I will see if it upgrades to cell mode over the period of the week I see a buying coming in every day there's buyers coming in and then we close lousy so let me just show you a couple of things that I wanted to go through in this overview at the very beginning so my my subscribers to my opening call it was such a perfect time to do an overview video that I do the how long video over the weekend usually on a Saturday I was out of town I just haven't said I I've almost got everything set up so that I can do it when I'm away from the office because I always have to go to my desktop because that's where my call or everything I do is right there and I log in I've been logging in for 20 something years here at TFNM when I'm overseas and even before that using actually my PC I think it is so it's being pretty good meantime back at the ranch I could not do the webinar I could not do the video overview but I did send out a very short analysis written typed up of what I was looking at and I gave you all the scenario I'll go through it as we move along so gold I said gold is a an icon of fear that's where money tends to go to when there's geopolitical fear gold is also the place that money flows when the XLF in the United States with the financial sector is really getting beaten down so yeah in a sense is getting beaten down when you look at the monthly chart this is not a major major anything it's just a sideways consolidation after making a high up in the 40s a year over a year ago and then all the way down to the 30 level and now it's at 32 it's kind of arching over we just got to watch this really closely but so far it's not the kind of got my goal because the financial it's not like 2007-2009 where everything seems to be blowing up no it's very different so what we are looking at is gold I think is in play I don't see the gdx other than sudden spikes and then give backs following through with us so it might be more a gold plate just gold itself is really important as a geopolitical icon of fear the real icon of fear is the vixx and the vixx index right now is coming back off the hitting 23.08 and what I said to subscribers what's the 22s but my gut feeling tells me having been in this game for so long that it's really the 28 to 32 area in the vixx where we're going to say okay now we're getting a very serious upside reversal at this point it's a work in progress so the vixx index is in leg D but that's not the important when it comes to the vixx index and the chapter we methodology it's the only one that I don't put great import into the lettering of the notation and this is just pretty high in the 20s pulling back to 2118 I'll be right back down down down only down 37 it's just 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.com tfnn educating investors you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 seven newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 seven newsletter today at tfnn.com educating investors tfnn has launched the Tiger's Den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the Tiger's Den available to all tigers and tigers for just $1 for the year there's no cash or added costs when you join our community of traders sign up today and become 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 How about back again so in the pen Jeff says about will put the 50-50 week on that chart I have here look this is on the spy look 50 period I use exponential Jeff so I'm not sure if you're using the simple exponential I love exponential so look at the way the exponential this is a dashed gray line right here let me get my pointer there and it got repelled right there and look at the 200 period moving we're under the 200 period moving that's never a good sign alright but there are times where that becomes a magnet and I would not be surprised if over a period of a few days maybe the entire week maybe once back to that and then we come down again so yeah I do use that most importantly remember here's the falling x formation this is an extension of the inside track repellent line I actually really have to take it off now it served its purpose it's done I don't like to keep things that are really obtuse and at this particular point have served their purpose so now I've got a new line in the sand which is this and that even that doesn't make any difference so I'm getting rid of these lines right here this line here and I'm going to make this one short because it was important for that particular phase right there and now it's done it could come back but at this particular point I like to clean up the chart so what we're looking at here is my suspicion is and one of the reasons why I say to subscribe is we flipped on Monday at just about at the opening where we took more profits and now three times small three times and we've already been taking profits took more profits and then completely got out of the three times long UDOW switched to the three times short SDOW we still have the core short in the DOG from the high of the high of the first of August right there at the exact high so that's this is a core position for now but most importantly what we're looking at is I said today let's take when I sent out the news at eight o'clock or just before eight o'clock I said let's take or just off I can't remember offhand let me just check right now got sent out 808 I said let's take some money off the SDOW had really quick profits took a two and a half percent gain and this just raised the stock and now we're letting play out and that's all I'm doing right now we've got a short position we've got a rather aggressive small short position in the Dow and we've got other positions but right and then the one position that we had which is kind of upsetting because it's been so different we have a position that we bought at 21 it is 68 we've taken nice gains all the way up but we've tried to get back in for those who missed out and I just haven't been there I thought I timed it well because we got in the other day pre-market and then at that same position on Friday we got in and it actually held really well even bounced a little bit but it got taken out today and I suspect that by the end of the day I'm going to say oh you should have kept it but I'm sorry we've got stops in I'm not prepared to mess around a couple of percentage points we can always make up but when it gets to 15 and 20 percent you're sitting then you say oh my god what am I doing if it opens down if you're wrong way around opens up I just cannot do that for subscribers personally occasionally I might do that very seldom but I might be so convinced that this is a particular position that's going to do what I wanted it to do but I have to tell you if I'm wrong I'm out take my take take my loss and usually very smaller and I just walk away and I say okay we'll be back for me that's the best way it's worked really well I want to I want to preserve capital for my subscribers that's just to me the most important thing I want to stay in the game alright so now with that said I got to gold and I moved away because I was talking about our icons of fear one is the for gold gold is the icon of geopolitical fear when I'm talking about the financials then gold comes into play again but at the same point same moment that I'm talking about that because the dollar BXY holding pretty darn well for days it's been a weekend just over a week and it's been stuck in this hundred and six eighteen area hundred uh yeah hundred and six eighteen up a tick today and I there's no way I spent some time over the weekend trying to count and see if I've got alternate counts in the weekly chart of the dollar look the magnate is strong the stochastic's at eighty eighty seven percent that's fabulous the nine period is way over the fourteen period moving average the price is way over the nine there's a chance wow it's hard for me to say this but there's a chance that the dollar remember I've tried to separate all these different things there there is a relationship but it's very distant now of the dollar to gold there is a relationship of the VIX to the market look the VIX is in the twenty one area and yeah the Dow is down eighteen points that all those relationships are gone there are bonds look at this the TLT I've got a some kind of a low coming in um it's not there yet but look at this trend line look at a hit the monthly trend line exactly and this goes back yours this particular trend line why because it's trend line that goes back to twenty twenty and only that the TLT has this measured move oh I didn't put it in it was green why not change that I forgot I guess green and it goes to there but the US bonds which is the continuous contract look at this beautiful the low of August of two thousand and thirteen and one hundred nine and eight thirty seconds that price always changes because it gets smoothed out as it's still the same one thirty seconds one thirty seconds anyway the low of August of two thousand and thirty I didn't use the high of the twenty of the of March of twenty twenty at a hundred and eighty five I used this particular low of October of two thousand and eighteen and one twenty three as my fulcrum as my plum line and what does it do it goes all the way to next month so it's in this period I'm going twenty twenty ten years how many months it doesn't matter ten years from the August low of two thousand and thirteen to where we are now October of twenty twenty three and saying this is the area and you can see the plum the plum lines move but the dash shall we've inside wedge target support line hit exactly so we're right in this area and I'm just suggesting to you that you've got to be a little careful because within the context of bonds if this whole area of support goes there's really nothing there's nothing until you get to the I don't even want to say the number but I will February of two thousand and eleven the low was eighty seven and we're at a hundred nine this is me but at that so that's the continuous context so we're right in an area where I was I believe that the we didn't from the action on Friday into the action Sunday night into the action this morning this is not the low of any turnaround in the market it is a low it's just another one of those lower lows and probably lower highs I don't think we're done yet so let's just treat it as an ongoing process let's go back to gold just to show you something interesting the gold is now down six at nineteen eighty eight but look at that weekly chart the MACD finally cross positive remember we're looking at the negative MACDs from earlier on and the stochastic said forty nine percent not very strong on balance well it's pretty good but that nine-breed moving on the weekly chart we're going to watch to see if it actually closes positive and that'll be a big deal for gold I'll be back down currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy Kegstad's Tiger Forex report Teddy Kegstad breaks down the forex markets every Monday using his thirty plus years of experience as a trading veteran of futures forex stocks and options he releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the thirty year t-bonds as they both influence forex markets tremendously when you sign up for the Tiger Forex report you also gain instant access to Teddy's sixty minute webinar archive he just hosted forex strategies and fundamentals what is behind the Tiger Forex report for all the details and to start your 30-day Tiger Forex report subscription today visit the front page of TFNN.com TFNN Educating Investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019 finishing it number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability 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on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN Educating Investors Don't forget you can listen to TFNN live on your mobile device 24 hours per day go to TFNN.com and hit watch Tiger TV Hello and welcome back I'll just have a kind of to assess where we are look the TLT having a bit of a bounce up 67 cents to be at 83.92 if you look at the TBT it went above the left side how you went to a leg F I could give it an alternate count I just don't want to do that right now because it is a D in the weekly chart and an E in the monthly chart this is how this plays out because if you look at the TNX.x there we go that's the 10-year this is the 10-year treasury note this is at 4.895 48.95 it made a higher high today now that's what invariably happens in the temporary methodology so this is this goes to 40.93 and today's high is 49.97 there it is and now we've even got a D so there are a lot of things that are right now saying we are getting closer and closer in bonds to some kind of reversal could be a short term reversal could be a longer term it doesn't really matter at this particular point but the way the prices are stretched they don't know that they are stretched so what you can do is look at the chart and say well the stochastic said 91% in the daily the magnate is still good not as good as it was in the previous peak after back in October early October but the 9 is way above the 14 and the price so far is way above the 9 for this to go negative for the green to go pink that's the 9 period moving out you probably have to see the price at about 46.42 somewhere around there over 2 points lower that's a work in progress but in the meantime there is nothing other than the prices read on Friday prices read and today's read having made a new recovery high when I say recovery high I'm talking about a high that is goes back towards the high of June of 2007 2007 I mean really look at the speed with which it did all that I mean that's pretty that's that's quite something so that says on a on a using combustion using your moment that talk that goes to momentum the monthly chart of the TNX is making that M shape pattern that often says just be a little careful that's when you could get the right side failure but you haven't got it yet the statistics are very good at 86% 85 to 86% that's very good the 9 is way over the 14 so nothing here says that you need to be worried about yields you should be worried about yields coming down you want them to be coming down just at this point for a breather but that doesn't mean to say the price has to do it so all in all it's a work in progress and so far there's just one little two that's called as if the day has ended but it's really only just begun but at the moment it looks like you've got two red candles whoo-hoo two red candles in a row you've had that before very tiny little candles after that PE over there so all I'm saying is that yields at this particular point are hinting that we're getting closer to some kind of reversal but that's all it's doing and the trend as far as I'm concerned remains down that's the down in the bonds at this particular point and in the general market now let's go to the other things we want to look at look high-grade copper high-grade copper is trying to form some kind of a base today it's out per fraction 0.0015 at 3.5645 it's just making lower lows and it's taking out the left side low so nothing to see there wood which is the iShares global timber forest PDF it did exactly the thing that I was talking about the inverted chapter wave falling exformation going to a pd which says you don't necessarily have to go far below the left side low in this case the low of 68.75 back the week of the 24th of March we'll see what happens it's at a pd and right now the prices are 69.74 in a leg d to the downside the sell mode daily sell mode weekly and sell mode monthly and that's timber forest PDF that's a good clue together with crude oil I wanted to show you I wanted to show you something really important here if you're looking at the various indices look EURUSD this is the currency pair A B and it hasn't yet gotten to leg C right here it's even an overlapping wave which says it's going to be 1.06 through 98 takes you to a new leg d and so far in israeli and compared to the dollar remember those relationships are not quite the same as they usually are compared to the dollar it's making slightly higher highs and higher lows which is kind of good yet the dollar is just holding very steady JPY look at this almost like a little double top here it's struggling struggling so this is going to be a really important week why because if the dollar DXY arches over we'd be looking at a close below 10554 and it said 106.09 doesn't sound like much but in this particular instance it is the dollar doesn't move all that much besides you mentioned we are along the dollar we'll see what happens here because it's really important because the currency of fear is the dollar when geoeconomically and politically when things are getting tough money tends to flow to the strongest currency and it's still flowing to the dollar as I look at it alright so you wanted to look at crude oil just real quick and we'll finish this up here crude oil is down just a little down 84 cents at 7.34 now it's just stuck in a range you make your peak I'm going to draw in the rectangle here so how long can it stay in the range if the Middle East flares up even more you will see crude oil move up that's always seems to work with crude oil it is a Middle East like gold it is a Middle East part of the sectors that I look at in this configuration in the Middle East now Metta a question about Metta so Metta is trading up 2.78 to 3.11 this is formally called Facebook I don't know why they changed the name it made this cup formation it's just it almost looks like the dollar yen look just kind of dollar yen trying to bounce above this left side high in the cup formation remember what we're looking at we're looking at H's NY's and there's the Y pattern up and then a Y pattern so how it holds and how it can close if it can above 3.31 and yet it is down to 3.11 I mean that's a lot of points is going to be important I just think Metta is kind of stacking it's holding really well if you look at the monthly chart if you're long I would just say you know as a long term buying hold it's almost like Apple in the old days just it's it's a platform that is seems to have substance but in the meantime it's in a digestive phase I would not add to it Amazon a little different look at this chart pattern if I can give it to you AMZN AMZM now this is the exact opposite there's your H pattern it's arching over it looks even like Amazon wants to test the 123 200 period moving average if it breaks that I would say 119 is probably what you're looking at and I wouldn't be surprised if Amazon does but 122 is the 200 period exponential moving average in the weekly chart and this week it's just gone S in the 914 but the week has almost five days to go so we can't hook by these are done there I'll be back they're going to be balances you'll see them here we go 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 US futures market and the Shanghai gold exchange the gold report Tom O'Brien 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 O'Brien's gold report newsletter now at tfnn.com are you ready to take your trading to the next level introducing Tom O'Brien's award winning newsletter market insights your key to successful active trading Tom O'Brien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to tfnn.com today don't miss out on this opportunity to supercharge your trading results market insights comes with a 30 day money back guarantee for all new subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award winning newsletter market insights firsthand tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade l a b u or l a b d directions daily smp biotech three times bull and bear etfs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC this program is brought to you by vista gold traded on the NYSE American and TSX under the symbol GZ I'll try to get to the TYX there another question came in over here okay I did that I did that just don't want to skip anything because okay Dan I'll get to that question over there but first I want you to show you something that is kind of important as far as I'm concerned yes Dell so you have these companies I remember looking at you you look packet HP was it HPQ let me just have a look at what I didn't have HPQ HP was it HPQ HPQ is HP Inc and it just looked like it was dead in the water and all of a sudden it has this huge move going from the 26th level up to the 42s and then it fails and then I forgot about it and I'm looking and all of a sudden I see I had some kind of result or something and it goes from the 24s down to the 34s and I keep saying to myself money keeps flowing into certain fund managers have their favorites and it can go back not years but decades sometimes so Dell fits into that character for those of you know Dell what's his name Dell he created this company and it was an incredible guy I remember I had Dell machines many of you out there I'm sure had Dell still have Dell and then it just kind of disappeared because it was taken over it was someone joined by someone whatever it is it's still it and then look what happens it has this gap in September 2 2 2 in the 55 area 54 area 55 54 56 boom it suddenly jumps to 64 and then it keeps going up and to this day it hasn't taken out the gap up low which is at 63.86 that was on the 1st of September and yeah it is holding so well so when you look at stories like this and it's a story I don't think Dell is doing something so fantastic wow I didn't even realize that look at this monthly chart maybe it is doing something so fantastic the new Dell from 2016 I guess it went private and then came back public was tutoring at the $10 area and here it is just of all time eyes I didn't look at this chart so let me put it this way if I look if I just take a trend line and I take it from all the highs from the time that it's IPO the second IPO over there and I'm just drawing this trend line look how perfect how does a trend line know to do this it's just all I can say is to me it has to do with the tide it has to do with the trend and that trend just keeps having acceleration from a certain base as the tide it's like a boat you're looking at the boat in the water a little dinghy right and you're sitting there on the bench looking out of the ocean oh lovely lovely and you're there for about an hour chatting away look around all of a sudden that same boat is now either sitting on the sand right it's grounded because the tide has come gone all the way up or it's up and that's what I look at this is a tide look at this channel and this is the only way I can explain there's no mathematical I'm sure there is I'm getting I'm just about to start doing a little bit more work with AI and I'm going to try to do these things to see you see this trend this uptrend so the uptrend says it has this kind of acceleration to the upper resistance level and then it fails and that's exactly what it did here now is starting to slow down to the upside so I just I wanted to explain it in my own verbal way it's not a mathematical way other than the tide is rising and the in the physical response of the stock to the emotional buying runs out as it gets to that turn line and it's within an up channel and that's just making it as simple as possible alright so I don't know what the question is other than to say if I was looking at this I don't know this a computer Dell I mean why would it be doing so well other than takeover rumors look what happens to take over rumors look at X it gets this takeover story and it does unbelievable this is from August in the 22s Sunday 28th the low the next day is 28.05 it runs up to 32.52 and then it goes into a rectangle does not take even gets close doesn't even get close to the low that 28 low it moves heart breaks to the upside peak ABC goes to a D right there on the October I think it was a October the 12th and now it's in a cell mode and there's a chance it is to come back and I don't know if it will break the 28 level but it's already at 31 so I think that whole era of 31 to 30 is going to be very important for US steel X as a symbol so with that said let's go back to Dell and I'll say whatever the story is in this economy in this environment I just don't know what the reason would be for Dell to go from 68, 65 to 72.5 to break to a new all-time high won't just be a recovery high so is it a short you know it's just stuck in the range whatever the story is it's still holding when it breaks it's going to not only fill this gap it's probably going to go down to the 200 period moving average of 52 hasn't even done that yet so I'm not sure what the question is let me see if I can go back oh you bought puts okay my sector work this weekend as computer hardware at higher okay I'm with you 100% but I'm not sure I'm with you 100% on Dell unless the puts are a little bit further out if you're looking at November you've got 3, 10, 7 oh yeah you got time okay to the 17th of November that's fine okay there's a lot of work there just to answer the question so yes next one is question I had was 200 period moving average to oh hacked up to Basel 10 which oh thank you very much Z let me just have a look at this I did want to get to it yeah so this is going to G slash C alternate count there's never an H so that goes to a D in the one minute chart there's your D and then it goes to an E pulls back quite sharp this is the one minute E mini goes to a cell signal to a cell mode I think this is not the Monday October the kind of smash to the downside reversal and become the low like we had in October how we March of 2020 where we went along the day of the low or October we went along the day of the low of last year this is different this is just a bounce and it's using up time and energy to waste to the upside because eventually when the low comes I think that VIX is going to go into the 28 to 30 area so yeah this is actually I see if we can be moderating all the selling over the next what are we at 10 10 10 50 yeah 10 50 right now 10 minutes to 11 Eastern time we can still see in the 10 minute chart so with that said we've got five minutes out store I'll be back you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you 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to the Jabba Wave inside track repellent zone and I tell you I still firmly believe where the SMH's go so the general market goes just they are the oil of the 1900s this is the oil of the 1900s this is the 200s and as important in everything that we do right with that said bonds, bonds are they look as if they headed higher more intermediate term but on the very short term basis I believe they trying at least trying to implement some kind of a level in the TLT in the 82 could even go down to 81 could even have one quick slip into the 1979's but I think we're getting real close to where bonds at least give a relief rally but what I'm really interested in here is so a question came in just now about FXI which is China so I'll just do that real quickly yeah it still looks very weak to me and the other thing is what do you do oh what do you do with the uranium stuff yeah we still have our UEC this is the uranium energy from the 360 and showing right now 5GF take some gains up but it's holding really well and that's an energy so with that said I'm going to hand you over to Steve Rhodes, it should be a great program as always to see the post-COTF and then check out both the performance