 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. Hi, folks. Basil Chapman here on this 22nd day of November Monday, this Thanksgiving week. We're going to see. There was good news for the market. Evidently, it loves it. It does up 284 points at 35,087 because Powell has been re-nominated. It was starting to look a little weak there at some point, and then suddenly you got the news and it really helped the market. My thinking was, in fact, that Dow was ready for a balance with the IWM, the rest of 2000, and they've been the weakest for the past couple of weeks. And then maybe now you start to see a little bit of a pullback in the NDX100, and maybe even the SMH is a semiconductor. But wait a minute. Look at this. The S&P, so with the Dow up 0.88% at 286, the S&P is up 0.88% at 47.39, up 41.99, all-time high. And that's a big break because it goes right to, now I've got the chart showing quite nicely. Let me see if I can do this. That's a lot of buying going out there in the market today, especially when you get news-related events like this. So this has to be considered a leg F to the upside in the weekly chart, like a given alternative count, but just for now, F is fine going towards the Chapman Wave inside track repellent zone. And that's helping the 120-minute chart. Look at the monthly leg B. Look at that. Huge. The leg B has been going. This is incredible. Leg B has been going on since March, April, May, June, July, August, September. Since October of last year, we've had 12 consecutive, more than that, 12, 13, 13 consecutive higher highs, and this is still a leg B in the monthly chart. That is quite incredible. All right, going on. Q, Q, Q. 1, 2, 3. All-time high at 408.43 as we speak. As we speak, it's just a little lower at 408.11. The low was 405.57. So that actually is the second day of a gap, the second session of a gap up. We'll see if it holds all the way through the day. Very good action. The magnum is good. Stochastic is at 91% very good. Unbalanced volume is a tad overboard, and that was for me suggesting that there could be a little bit of a rotation where the digestive phase went through the Dow, and I was thinking that perhaps we got something happening here in the Q, Q, Q. The problem with that thinking is, look at this, Apple, which of course impacts the Dow, but also impacts the NDX100, huge move up. It's up 2.8% at 165.06 all-time high, up 4.50. Really good action. And I spent a little time on this over the weekend saying, is there a chance that I've missed something? But the count is, this is probably a leg B. And I had discussed this a little earlier saying, for the season holiday gifts, surely Apple is going to benefit. Every year we see the same thing. I mean, just such an easy go-to. You just go to Apple, you get something at the Apple store, and I think that's what you're looking at right now. Look at Amazon. Amazon is finding a much bigger challenge. It had an all-time high of 37.62, not an all-time high, recovery high. All-time high was 37.3.08 about five months ago. But it's still stuck within a range, within a rectangle range. Yes, it can make you highs, but it isn't showing that forcefulness. It says, wow, everyone's going to Amazon. Why? You've got competition. Look, Walmart made a 152-round number high about two and a half weeks ago. That was around about the 7th or so of November. And still up in the higher range, Costco, all-time highest, we speak at 539.00 This says leg E in the daily chart, leg G slash B in the weekend, and a leg D in the month. You want an extreme leg for a leg D in the month of Costco also. So I don't think you can just put it all into a package. What I think you're looking at is the natural consequence of competition says that now you've got a lot more companies that people used to like shopping at that are online. And you can just do the same easy thing by going online. On Saturday, I realized I've been wanting to get these electric bulbs. I used to only get this one store, electric store lighting in the Boston area. I bought them elsewhere. I don't know why that put them in the lamp. It just didn't work. So I always had to go just to that store. Well, they sort of shut down through the pandemic and they did things online. I didn't even go online to find it. And then on Saturday, we decided, you know what, this is going out to their new store where the new store hasn't opened yet. So I said, let's go home. I'm going on Amazon. I ordered it on Amazon. I'm in Newton, Massachusetts. I ordered it on Amazon. It was at my door on Sunday. The very next day, the bulbs, I just put them in. Perfect. I mean, that is amazing. So the convenience is an unbelievable factor. It absolutely is. No, it wasn't in us. It was Wolfers actually. Always had a good success with Wolfers. But in this particular, these bulbs, these are standard bulbs that you can get elsewhere. But when I bought them, I thought the same sort of thing. They had hardware stores. They just didn't work. They just didn't quite turn enough to be able to touch for the, to ignite, you know, to get the bottom of the bulb and the top of the socket to actually connect. But at this time, so anyway, there's my little story there. All right. Let's get back to the nitty gritties. Look at gold. Oh, I didn't do IWM. I must go into sequence. I'm going to IWM. Nice move up to there after being just a very, very weeks, two and a half, three weeks, 244.46 on the eighth of November. And I went all the way down to the 233. It was a 234 level on Friday to 32.39. And today's a 235.24 up 2.52 a nice session. So under the key moving averages, we'll see what happens. And now what's really interesting about this, we have no charts. You have no charts. I'll do this again. No charts. Let me just do this. Click. Click. I think those are the charts. Not only part of the charts. Sorry. I don't know. That was because of all that, all that buying near the opening. I was a little bit. I think it must have been 30 seconds or 40 seconds delayed. I don't usually get delayed. So that was intense buying. That usually says to me, uh-oh, be a little careful here. People either covering something a little different is happening. So I hope those are the charts in a while. Everybody says no charts. No charts. Would you consider nibbling into HIMX? HIMX, we once had that. HIMX is IMAX Technologies. I have a trouble with the stock. We had once we did very well and then I've just stepped aside from it. It's trading at 10.25. Let me do a little work during the break. Maybe this is the start of a balance, but I think it's stuck in the range. I'll be right back. That was up to seven. Bye. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, Educating Investors. What's separating you from the most successful men and women on Wall Street? That's right. Information. 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At TFNN, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take 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. Go online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN. Educating investors. Toll free at 1-877-927-6648 internationally at 727-873-7618. I'm going to go back on this Monday, November the 22nd and we're looking at the doubt, 273 has to be up 43. This is going to be a very interesting session. Hi, Max. This is called Hi, Max Technologies, Inc. ADS. We started a long back at $4.46 back in November of 2020, November the 17th. Wow. Can you believe it is almost exactly a year ago at $4.46 and ran up huge and we took a bunch off and all the way up to 11.76. That's a 163% gain. 38% gain, 10% gain and then a 163% gain and then we were out. Just didn't get back in at all. One of the reasons is that it just, that monthly chart was looking like it should go above 17.88 and it just stalled out and it could not get it just stalled out. And I thought, well, something great was happening with this company and then all of HiMax display images, semiconductor area and since it's in the semiconductor area, I couldn't understand. I, I, I saw it recently going from the 960 low $9.60 into the 10s and I thought, oh, that's good. And then suddenly there's one big pop to just over 12 and it pulls back. And now I think it's stuck. So let me just do this. If HiMax is obviously something that's on the question that is on your, your list of stocks that you follow, and I'm just going to say if you've been following it and it's one that you, you have done a little bit of work and you can see something that I don't, then I'm going to give you the parameters to look for. It's a good session today. It wasn't a very good session Thursday and Friday. It made that H pattern but so far it's holding okay. It should have been rallying last Wednesday and Thursday and Friday rather than being weak. So I'm going to suggest that at 1024, it's about 20 cents higher than I would have said I would have liked for an entry point. Let's see if Friday was a decent green candle. But in fact, it was a weaker candle and now we're having that strength. So I'm going to suggest rather than what I would have said on Friday was you could start a position here and if it gets it, I would have thought that if it got above last Friday's high of 1023, that you could start a position, just a very small position and then you have to wait two days to see whether or not you're going to come back and test the $10 support or whether it's going to continue higher. At this particular point I'm going to suggest something a little bit different. I think the semiconductor index itself is getting only in a short-term topic. I think it's getting a little topic. In other words, it's overbought a couple of stocks that have really acted very well and I think that we're going to have a little bit of a digestive phase there. We're trying to plan for it. We were wrong. I was wrong and we had to say perhaps we got a little more strength than I'm anticipating and therefore at 1028 I'm going to suggest not a nibble, more than a nibble. Take a smallish position at 1028 and two reasons. One is because I would have a stop on part of that position like a 2% stop. I think that's reasonable if you're looking at this intermediate term to say I think it has a chance to get to 1065, 1090 level and then maybe even touch it at 11. My thinking right now is the rectangle formation is really strong. So it does give you support but that support could be more than 2% risk. So I'm just saying start a position now. It's only a position that would be a little more than a nibble but less than your basic start a position. What I would do is I'd have one part of that position have a 15 to 20% stop. I'll make it more. A 20% stop. Why? Because if it starts to get pulled back from here it's not showing the follow through strength that it needs and you need to do that but if you get it at 1028 right now and by the end of the day it's warmed its way. It doesn't have to shoot but just warmed its way the highest 1035 but if it even warms its way to 1032 you don't have to do anything. Just put your stop in and let it ride and then we'll talk about whether you can add to it but at this particular moment part of that position should have a little bit like a 20% stop because if it starts to pull back and goes towards the 10 level or even under 10 by the end of the day then your risk is increasing. So I personally if you just said what would you do Basil? I would say I'd hold off I'd rather buy strength than weakness because it has to prove itself. It did that very nicely from round about the 17th, 18th of October. It ran all the way to 12 from the mid to high 9s. I don't know if it has the same capacity right now. Look it can last a long time making slightly lower lows and lower highs when it goes sideways it just constantly does that. But your time sequence says that you're right in the time sequence as we speak to rally. So I would not do anything right now I'd wait a day or two. I'd rather buy strength than buy weakness but I'm saying you could just have your have a little nibble have a pretty tight stop. Hope that helps you. Next question I had was really good R well a lot of people typed in after that question RPRX RPRX I don't think I've ever notated this Rolte farmer trading at 41.97 up 38 says look I love a stair step moves because it's telling you this is the cat I love to look at stocks and say what's the character doesn't doesn't make peak D's and then pull back doesn't fail that you know what isn't what's the most consistent thing that it does and this particular case what has done recently it's had a sharp move up and then it takes anywhere from four to eight or more sessions to make another move up stair step move with higher highs higher lows but the question will be is this the first time you're getting so many red candles even though it made a higher high going from the starting position of just just about 30 under 35 to over 43 and now for four sessions five sessions six sessions has had red candles even they made a higher high over there this is something different it's saying that as an IPO it once had back in june or so of last of last year at an IPO in the 40s it's screamed up to the 55 56 level plunged down to 35 zipped up to the 52 plunged down second time to 35 and now it's rally this rally is the one that has a little bit more oomph I like it so I do like it but look at that 40.70 level for the 200 period exponential moving average so it's got about a two point support level one and a half point if you in it right now it has two days in this particular pattern has two days to break above the high that was made on the I'll give it you right now still a little bit slowly look I can't click on that arrow there you go okay and that says 43 point very slow there we go 43 point 68 was a high on the 16th I would just suggest to you I don't know if you would I buy would I sell tell you the truth right now I'd hold off but if you in it and it's doing well you want to see in the 43 70s by Wednesday or Thursday Wednesday or Friday I'll be back in a moment does up 205 is a 42 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the front page of tfnn.com I'm going to go back so a couple of questions other questions have come in let me just I have to go to my let me just check it out radio question here we go good morning could you please look at melly oh I have not looked at melly for ages I wonder if I've still got it notated it used to be all notated but I think I have not looked at it for oh I haven't got it notated so melly could you please look at melly for a possible long trade thank you so let's see Tim I would not be touching melly right now melly is I believe it's a Latin American company I think it's like a is it like a Google I can't remember now so this way to peak A peak B peak C that just missed it just miss making a deal let me just double check here that was a high of 1406.16 come on make an eye 1406.09 yeah it's like an Amazon thank you very much Piki yeah I you know normally the stocks that tend to act like that parallel an Amazon or Google anything like that that has essentially an American Genesis and then you just see them in other countries I like that but this is I've never quite understood many and I've always missed the big moves to the upside but fortunately I was to move the miss the big moves to the downside this M shaped pattern the monthly chart says hold off a little longer give me a yell to if we if we can see a trading this week the low of the week of the 11th of November of June was 1434 13144 is trading at 1359 down 42 let's see if we can get into this candle this area the 13 52 to 1340 let's see if it fight this pattern the dreaded H that goes to a lowercase a lowercase M pattern and then plunges and then can't within three bars get even close to the left side low this case the left side low 14 22 back on the 11th of October this is really ugly keep it in mind that this is this is the kind of stock when it makes a kind of when it makes a base and proves that base as support rather than just a base test there's a chance that it could have a really good counter trend rally so I'm not dismissing and I'm just saying is actually a very ugly chart right now just keep it in mind let's look at it again what is today let's take it again maybe Wednesday or Friday not Friday we're out right so let's look at it Wednesday and then we'll have to just wait until Monday the next week to see what happens but if one if by Wednesday it's had a test of the 13 low 50s and actually has a really good rebound back into the 14 10s then I'll say maybe we've got something as a trade I don't see it anywhere as a position that I want to take longer term I don't like this chart at all next question I had was okay we've got that we've got that I saw it over no thank you very much easy for those things overnight that was very interesting now am I going to be able to find it I wanted to actually mention it today I thought I'd print and then I forgot to print it yeah we go New York Times front page I didn't see this I should have checked out my my icons right okay I didn't power struggle over cobalt rattles the clean energy revolution revolution yeah this was really interesting I didn't go into this in detail as much as I could but thank you for that information because that's certainly I'm just going to put it aside here I want to be looking at that for the cobalt area now I want to do this I wanted to show you something you see how gold is pulled back it was much much earlier it was down just overnight it was down a little bit and then it was down ten dollars and then Powell gets announced and it goes down thirty seven dollars in 1814 you see this 200 period moving average you see how it was resistance and then it became support resistance again and that is at 1807 now what I'm going to suggest to you is that I had an alternate company I discussed this I believe on Friday I said in my work there's a pattern that I call I always like to nickname the patterns that I've studied over the years that I've used and this is the double camel hump pattern and what does that mean you know there are camels that have a single hump but there are camels that have a double hump and that's obviously for storing water they're the ones probably that travel the most they need the extra storage container well what happens is there is a rise and it goes through a peak D sometimes it's an E and then there's a pullback and the mag D goes just a little bit negative not very and the stochastic goes down sharply but it only goes down to about the forty to fifty percent now I don't know if Harley is listening to me right now periodically I get a note from Harley but back about twelve years ago maybe Harley was in my one of my all day webinars and as a chart was pulling back I said this is very interesting because when the stochastic doesn't go all the way back under the twenty percent but especially under the fifteen percent you can get a bit of a rally and then he made the statement which has just stuck with me for years is that when there's a rally from a stochastic that only goes down to the fifty forty percent level it can be quite strong and I mean that's kind of the words that I used but I didn't get like a formula I just said that this was something I observed and all that and ever since then it's struck me I mean look at this on the right look at these pullbacks that pullback to the round about the thirty forty percent area in the gold contract and then there was a rally a rally that failed so I kept that in mind and back you know back in the summer of two thousand and seven when I was getting cell signals in the general market I said I remember a particular show that I spent a lot of time I said I know I'm going to spend some time here and a lot of you are going to be anxious because you want to be looking at all the different charts but I want to mention this and I think it's quite important is that I think that the weekly chart of the S&P has made a peak but that peak is incomplete because the I wonder if I can go to it now let me just see if I can do this since I'm mentioning it here SPX dot X there we go let's go all the way if I can do that two thousand and seven let's just move this back here two thousand and seventeen two thousand and fourteen two thousand and eleven two thousand there we are we're coming out I have got it notated there it is I think this is exactly the one that I'm looking at right there okay so we made a peak in the weekly chart of the S&P and it pulled back pretty sharply to a pattern that I called the chapel wave unconventional flat base restock to peak D and then back to this trough so we had it once and it pulled back and that's why I called this unconventional so I had a bunch of things going on it made the peak D the mag D turned out horribly the stochastic pulled back but it didn't go under twenty percent and I said you know I think we've got a double camel hump pattern and that there should be another rally and that rally can go to slightly higher than the previous peak D and then I think we've got to be real careful so we got that rally that went from fourteen from the high that was made the week of the twentieth of July fifteen fifty five point ninety plunging down to below that was under that previous that was a flat base restock and went underneath and went to thirteen seventy and then it ran up and made a doji candle right there the week of October the twelve and that was it she wrote and that's where you see the double camel hump and it did that in the stochastic as well so let's go back to what we were talking about are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg, Tampa and Clearwater 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 White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David White has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value 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loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor for side fund services LLC 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 make it as brief as possible gold as far as I can see from the GDX and I'd love to look at the gold miners for me everybody has their own way of looking at gold I look at it as if the gold miners are holding well that's kind of for me the benchmark and the gold miners the GDX look at this GDX made this pattern that we're looking at the GDX had the same pattern went to this alternate counter peak G slash B now it's a G with a doji candle at 35 08 I should mention we are long from 30.74 as at 3310 it hit the 50 period moving averages tried to rally off that the weekly chart is good but not great and says it's in a trading range and I'm just going to make it as simple as possible for me gold in that pattern that I was talking about that double hump pattern suggests that the 1800 level needs to hold if there's a break of the 1800 support and I have to put this into the context of the dollar the dollar is in leg D we are long the dollar from April of 2018 at 19107 watch it go to 103 watch it pull back to 89 20 we've only taken one little bit off at 96 and yeah we are 96 41 again I think the dollar is telling us that the dollar at this particular moment remains the lead in that holds currency commodity gold area to me that's very important they were going in the same direction for a little while as I say only for a few weeks a few times a year that do they do that seriously otherwise they can do it just modestly but mostly they're going in counterpoint and that just says to me especially in leg D that the dollar had been holding up really well now it's being impacted so let's just watch the 1805 to 1796 area as the key support it might take a little bit now just to find a base of support if it does find that but I'm going to make the GDX the one that I'm personally following certainly because we're long got a 10% gain in this so far but what I am looking at is at 33.13 down 54 cents it's not bad action but look at that 200 period moving average at 3305 it was resistance at 3508 when it ran there and came back that was support on Friday and bam we've gone right through it but now it says this is a fulcrum this is a sign wave that it's almost like coming into Thanksgiving it's almost like well it should be July the 4th the spit just turning with your whatever it is on the barbecue just turning on that spit going below going above going below going above just spinning around and that's your midpoint right there 33.80 33.60 so I don't see anything so bad right now about the gold GDX market vectors gold minus I just want to spend a little time you know I always use ASA as a benchmark there's a double hump again PE this is still an E slash B not so bad but when it starts to close decisively under the left side high of 21.75 and it's a 21.80 right now when it starts to close under that it says a rectangle formation with a 20.95 ASA gold this is ASA gold and precious metals limited trading at 21.80 down 22 cents so I have a couple of benchmarks and that's the way I'm looking at looking at silver this is a little different when you look at silver silver is in the weekly chart holding okay hasn't kind of broken the way upside that the way gold did but at the same time what I am looking at is it's really stuck in a range is at 24.50 down 24 cents I just do this now because I had a question about copper your copper is actually a little bit better over the last 2-3 days but it's still stuck in the lower range is at 4.41 natural gas I asked about that natural gas is at the lower range keeps making slightly lower lows I think it's getting ready for a bounce but it hasn't yet 4.80 the other thing I want to look at here is yes that's wheat wheat is trading it broke that up channel chapter wave inside track repellent zone it's gone to a leg D just like one of our stocks which is a really pleasant surprise to us Agilent Technologies doesn't that look the same up channel and keep bumping into the channel inside track resistance area then pop for 2 days now it's gone above that let's go to what we were looking at a moment ago which was wheat does wheat at W it's a higher high it's at a recovery high it's at 8.44 very nice action that makes it 8.32 to 8.17 very strong support soybean not not as good yet but it's right on the 200 per moving average if it breaks above 12.96 and this is 17.76 and a half right now that'll be very good action that'll say that that weekly down channel starting to break above that corn is just stuck in a range in the higher range but of the rectangle formation at 5.76 it really needs to get to the 5.88, 5.92 area soon to say I'm breaking out and soybean as soybean sugar has been just terrible made a peak E and now it's back in the lower part of the range I shouldn't say terrible it hasn't acted as well as the grain so far that's all part of the DBA which is what we are long still long DBA trading at 20.09 belong from 30.77 yeah this is very nice this is the DBA agricultural fund I wanted to mention this because look how it broke out of that sideways move because it had a rising channel if you look at the IWM what happened is it went for a couple of days above actually more than that it went for two weeks it ran above the rectangle formation 234.53 high it ran all the way to 244.46 10 points higher on the 8th of November pulls back sharply and now it's trying to make support in the 234.235 area that's all just okay yep question came in about so Jim Elias is like eBay okay that's good to know so Paul says as long as the Fed keeps flooding the money flooding the market with freshly printed $100 bills there will be no top to this fake market and the most hype stock ever in video I'm including you now has a PE ratio of 117 170 not too bad not sure you understand this but that's nosebleed territory do make it a great a great week so rolling away all I can say is that in video another question came in when naming peaks and looking for the lowest identifiable low bar do you ignore the downward as the lowest point no absolutely whatever the price is at the lowest point that is the lowest point remember in the Chapman methodology your objective is always to look at the full candle but it's the highs and the lows the print high and the print low is what you always count can you look at Nvidia I haven't looked at it today Nvidia is trading up again I had a 346.44 right now and we can do that because that's already history and 333.50 low yes this is very good action what's the question I am long and looks like there is no resistance or is there thank you so Eddie you're absolutely correct because it's in all time high territory it doesn't have any overhead number that we can look at so yes it's broken out it's been the absolute I'm looking at the on balance volume both in the dating weekly but now I'm dating through the month and say that's suggesting that it's getting close at least to a digestive phase but it's been an absolute need I'll talk about when we get back 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 text either TFNN airs live financial content streamed live on TFNN.com and TFNN's youtube channel with Tiger TV live every market day from 8 30 a.m. to 4 p.m. eastern for free each host is an experienced trader and gives their take 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 8 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per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 for more information just click the thinkorswim banner on the front page of TFNN.com let me just do this quickly because my thinking today was we didn't know about the Fed Chairman announcement my thinking was that the Dow and maybe the IWDM could have a bit of a bounce today as we start to see a little bit of a pullback in something like the QQQ the semiconductors they've made new all-time highs today and both the Dow and the Russell 2000 have pretty nice rallies so far it dows up 242 but what's really important here just looking at the very near term at 4735 the December E-mini if it starts to trade it can't just touch it but if it starts to trade at 4728 6 points lower it's about 60 say down points at any time today then be ready that there could be a real quick test of 4723 in the Georgia period moving average and do about the one-minute chart but that doesn't mean to say just because the one-minute chart but that also implies that if there is now further buying if people spent this first hour hour and a half saying well let's see how the market acts and the market continually holds very well and each dip is bought then watch out because then there's a chance that the market will close at the high and have one of Thanksgiving week the thinking is usually that the markets are positive it doesn't always happen but the thinking is a kind of a positive thinking but I'm suspecting that we are kind of overboard in a number of areas especially look NVIDIA NVIDIA is just an incredible company doing everything right in the mainstay of what's working so they're at an all-time high up 15 points at 345 right now so just keep them high on something like that if it starts to pull back watch what happens if it starts to trade under 338 I don't think you'll do that today maybe by tomorrow so but under 338 it's starting to pull back and if you're looking at anything to do with interest rates look Visa it has to do with sales and interest rates down 495 look at AFF this is just the absolute if it has interest rates bearing rates all of a sudden 176 high just too often it's not 125 just be careful now this is a very select market