 The following is a presentation of TFNN, The Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Basil Chapman here on this Wednesday, the 6th of March, and we're looking at a very interesting market here. The Dow saw to the upside from yesterday's low in the 38,480s. Here we are trading with a high today of 38,837. That's pretty good, except now we're only up 123 at 38,705. I should just add for the Dan Plop, the target of 2050-100 has just been hit. Okay, that's in the email. Now let's just do this. Actually I'll just show that to you now because it's a really important session we've got in the one-minute chart. We had a peak here at about 9.30 this morning at 51.22.25. That was also a leg F, then became a peak F in the five minutes. Turns out to be a peak F in the 10-minute chart. There's that blue horizontal line going all the way back from around about the 24th of February that I called. I said this is a narrow channel that the midpoint of it will become something that we have to monitor going into February and going into March probably. And here we are. It's hit it so many times. It pushed all the way up much higher now. It's back to the 5100 level. So I'm going to be watching this. Now let's just go through the market one at a time. The Dow. The Dow is trading up 116 and 38,007. Oh, that didn't mean to do that. So you're on chart. You're doing as many things at once as I've been doing since 6 o'clock this morning. Okay. There we go. So this is the Chubb Wave Insight Track Repelence Zone. This is a technique I developed. I've got webinars on it. If you're a subscriber, you can go to them as many times as possible, review them. What I am going to look at, and this is going to be quite important, and I have to say congratulations, John, on your trade in SMHs. It was really, really nice to see with the options, et cetera. Okay. That's in the debt. So the Dow trading at 133. You see the Insight Track Repelence Zone with a high of 39,282. On the 23rd, I think it was. Did I put the wrong date? Yeah, 23,24. Oh, I forgot the little line in the middle. There it is. Let me do that. There is your line forward slash go. Okay. So that went right to the top, the green line. Actually, you know what? I'm going to expand this because this is such an important session. Expanding it so you can see. So this is a technique I developed where I highlight with a trend line. You've obviously got to have two high highs or low lows. We're able to get a trend line. But then you can draw a channel, and the channel is a parallel line. And you can see how the price in this channel, this Insight Track Repelence and how the price just kept going there every time it went. It's like a little electric shock. It got pushed away. But every time it got pushed away, it still made higher lows until yesterday. Now, I should do that now because it's so appropriate, but I won't. There's a technique that I developed ages ago. All of those of you who do work on candles, I have a cup. Maybe I'll have to do a webinar. I'll have a webinar on candles one of these days because I have a few candles that I've patterns that I've developed over the decades that I think are really quite important. Certainly the one that I'm looking at here is this Chapman Wave. There's a little mini Chapman Wave Red Roman candle. It's a nice big green one, and they have certain parameters, expectations. So what happened was I said, if we trade underneath the midpoint of this long wick, it doesn't look long now, but believe me, let me see if I can do an icon. It was a long wick just three days ago, four days ago. If it trades there for more than 90 minutes in the next two days, watch out because if you're not able to take the low out, if you go much lower, what would happen? It went right down to the inside track pro-palon zone, and it plunged right through it. And if I show you on this particular chart that I show subscribers every day when I do my analysis, it went through the red 20-period exponential moving average. And now we're trading right on it at 38,736. You can see that the 120-minute chart plummeted from this dreaded H pattern. It looks like a lowercase H. Take out the left side. It went much sharper. It can go one-to-one to the downside, which it did. It went right to the 200-period moving average. It stopped dead yesterday, and now it's trying to bounce off it. It's had a nice bounce. So far, I'm calling it a bounce. I'm not ignoring any action in the market right this time. Why? Because you know that highs are made in a rotational way invariably. It's seldom that all the indices, key indices, make the high on the same day. They do make lows on the same day, if not on the same day, it's within two days. So that's a big difference. And now what we're looking at is you've got this inside track pro-palon zone, which could turn out to be a repellent zone. Not only that, the 9-period moving average, let me just show you here. The 9-period moving average in the Dow, if I can do this. Yep, there it is, has turned down. And now you've got both the green and the black. Look, when a pullback so sharp began, there was a chance that we could go negative. That 9-period moving average didn't even budge. It was beautiful. And there was just a momenty slight turn down, more flat than anything else, in the black 14-period moving average. Now it is turning down a little bit. But the day is so young, you've got this. What if the Fed says we're going to start implementing some form of cuts? That's going to be quite something. See interest rates through the Fed's eyes start to come down. It's going to be tough to do. I don't think they're going to announce anything quite like that at the moment. So we're looking at this. You can see the gray. The one is the same chart. This only has the 9- and 14-period moving averages. And now look what's going on. When you come down sharply like this, that's where the 9-period moving average can turn pink by closing lower. But it hasn't. Look, it didn't do it there and hasn't done it yet. So as I say, the day is young. All right, let's get out of this. I've got so much to discuss. Let me get back to this. So what we're looking at here is the S&P. It went to its chapter inside track repellent zone. Tiny little doger candle, 51, 40.33, 41, 49.67. I thought 31, 49.67. Could agree if I thought I updated it. 9.67, tiny doger candle, and it's pulling back. Gap down hasn't yet filled the gap. Day is young. Anything can happen. All right. Look at the weekly chart. It's pretty fantastic. Weekly chart is only in leg B and it made a new height, all-time high this week. So, therefore, it continues leg B. You have to wait all of next week to confirm if there's no new, by one penny, if there's no new high, above 51, 49.67, that becomes a peak B. All right. We're looking at the QQQ. And there's going to be a very interesting why. Because the QQQ this week has not made a new high. That's already a leg C with the potential for a peak C. And did I right type in? Yes, I did. 4, 4. Let me go into it. Let me see. I haven't finished five laps. Okay. 4, 4. 6. 4. 5. 8. 9. 15. Yes. Okay. We'll be back in a moment. 1,145. 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. 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TFNN.com Educating Investors Gold Report As a precious metal gold is still king. It continues to hold the most effective safe haven in 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 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 catch 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. At 1-877-927-6648 internationally. At 727-873-7618. Hi, folks. We're back down to 180, just to relentlessly pushing higher. The S&P's up 25. We'll see exactly what happens later in the day when the Fed speaks, but we've got Mike in Kansas City. Mike, how are you? I'm great, Basil. How are you? I'm very well. What would you like to look at? I've got what I think is a great teaching opportunity for you on the Chapman Wave or for you to teach us. I've been looking at this Harmony Weekly chart for a while. I got into Harmony a few weeks ago at 585. By my count on the Weekly chart, I've got Harmony in a leg F slash A. Obviously, there's a huge difference between if it's an F or an A. I just think it's probably an A, but we'd love to hear your thoughts on what things we can look at to determine if it's an F or an A. Because if it's an A, all pullbacks should be looked at as buying opportunities, and if it's an F, obviously, we know what that means. Right. As a student of the Chapman Wave methodology, there are a bunch of things. I've already done quite a bit of work on Harmony, but what I haven't done in the Monthly chart, I wanted to see what the acceleration to the upside would do before I even thought about it. Actually, I was going to do the Monthly chart, but I'm actually going to do the Weekly now. It's too long. Let me just do this. Let me go backwards. The Monthly chart is in a leg D. Very few of the gold stocks have this kind of strength. This is Harmony Gold Folks HMY's symbol, up 14 cents today at $7.03. It was on my list for my subscribers when I was choosing a gold stock the other day, and I decided that I would choose another one that also had a very strong pattern, also in the single digits. That wasn't really the issue, but it was nice that it had a good pattern in the single digits. Let me just show you something here. If you look at patterns, I may as well go to this chart here because that's the most important thing that I look at. Let me do that. Cancel there. There are so many charts. This is what I'm looking at. I look at three major trends, just in lines and curves. Straight up, straight down is one. Cup formation is another. Then you can get a combination. When you come straight down, you make the arch formation. I was speaking about that earlier on, where there was a one-to-one of the arch to the downside. In the cup formation, you can get the same thing. Most of you are looking at straight line, cup or arch. Well, look at this. This here, on a purely visual basis, you might also remember that I'm not a big fan of when the Chapman Wave fails at a peak D in a retracement back to either an all-time high or a pretty major high that was made. This is a leg D. To be really bullish, it needs to take out the monthly high of the 20th of July at July or 2020 at 7.61. Yet it is at 7.05 with absolutely fabulous action. That's number one. Number two is, what I do then is I grab the left side lip and I drag a line. In this case, I like to take the rectangle and I take it, usually I start off by saying, what if I went to the exact low? I call this a plum line in the Chapman Wave cup formation or arch formation match. Left side, right side, price-time match. What I would do is then I'd go click and I'd give you a right side and that takes you all the way to, whoa-ho-ho, that takes you all the way to November of this year where it should get just 60 cents higher. So that to me is just, that's not right. That just doesn't look right, it isn't right. So then what I do is I say, okay, that's incorrect. What would I do next? Well, I try to find a particular candle and in this case right here, that's the candle of, yes, that's the candle of June and I go to the right, oops, and I go to the right side, right there. I go click, oh, keep messing up. So I go click and I see where it takes me to because I want to do a Chapman Wave inside wedge targeted repellent line. And this one takes me to next month, which is fine and now I'm going to go from the left side trough of importance, I'll go right here and I'll do this and the only reason why I'm doing this is because your question was, is this a potential not just short term trade but an intermediate term trade? I think that's your question and I'm trying to do this work to say my longer term chart says that the 760A was a seven, there it is, 761 high in 2020 should be hit this month or next month but the next resistance on the monthly chart is at 739, so that says the MACD is good, statistics at 87% on balance volume was overboard now, it's pulled back a little bit, the 9 is still very strong this is a powerful move regardless of whether it's in LEGD or whatever it is in the monthly chart it's a very powerful move now the way I look at this in the weekly chart is this is an expanding, it's not one of my favorite patterns but it's one I always draw in and that's this expanding wedge like a cone formation, there are a lot of technical analysts that use this particular pattern I use it just because it's there and it's a trend line but you can see there's almost like a price match in the number of time match 1, 2, 3, 4, 5, 6, 7 bars between the high of the week of the 22nd of December of 658, big pull back to the 14 period moving average and then the rally to a slightly higher high of 676, the week of the 2nd of Feb, then it takes 1, 2, 3, 4 this is only 5 bars, one week less and it's taken out that resistance so to me that says the 9 period moving average on the pullback never even went close to turning negative so that says it's still a powerful, the indicator of last resort is still extremely powerful now we look at the magti which was weak we have to wait until Friday at 4 o'clock to talk about it as if that's the bar that closes so it's only at this particular point the magti is trying to cross positive if it does that's a good thing but it hasn't yet on balance lines a little overboard stochastic is only at 45 so this is a work in progress and it's saying if you want to do measured moves this is a bigger measured move to the upside than any of the to leg D or to leg E this is very positive so I'll leave the question just for the moment and I'll put it in and we'll see what we're going to do now the reason why I want to do this because so many of the stocks that have done well are going to have the same question now we've got a very quick in this second cup formation looking at the dating chart it's making higher highs it actually made a slightly lower low so this is a brand new move and now what we're looking at is we're looking at this big move to the upside having a doji candle yesterday and now breaking the size of the above it in leg D that's very positive and the stochastic is at 97% the unbalance of volume, the biggest spiral to the upside says it could be getting a little tired now just as it did at the previous BG can you hold on? I will, thanks. Okay we'll be back with Mike we're looking at HMY, how many reasons why I want to take some time it's a tell, it's a very good looking stock I'll be back in a moment, down to 126 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 30 plus years of experience as a trading veteran of futures, forex, stocks and options Teddy releases his weekly Tiger Forex report every Monday morning with the 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 30 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 60 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 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 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 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on all new premium newsletter subscriptions and services you have absolutely nothing to risk so why wait tune in live to Tiger TV and transform your trading journey because when you know better you invest better join us and experience the difference today TFNN Educating Investors How many I've actually got GDX right now because I need to see that that's in leg B because the castings at 93% the on balance volumes really nicely it's running nicely it's not overbought the RSI look yes the relative strength moving up and it's just surpassed the 200-period moving average in the daily but the day is young and the week is young we'll see I think that's going to be a magnet line but you've got 29.99 as the 200-period moving average that it always likes to test so that's another good sign for harmony as long as we've got the GDX and gold moving to the upside so what I'm looking at here is that the breakout has turned I think this is actually more important to you to say what would be the support level that really tells me that if that goes even thinking intermediate term is not right because you have to deal with the current move down and what I would say is at any point in the next today's Wednesday so let's give it a full week and a half in that week and a half if it's able to get to 740 oh if it gets to that 760 level that was the high of November that's fantastic but that should also be very strong resistance but in the meantime it's acting so well that we want to see the Friday close in the weekly chart because this little with this U shape which becomes a cup shape formation in the weekly chart will just dissipate it won't be a relevant one if the weekly chart it doesn't have to close there I'd say it doesn't have to close out prefer for dead but if it's able to have a little bit of a pull back today's Wednesday maybe Thursday and by Monday or Tuesday of next week we get that test of the 738 to 742 level that'll say to me that you're starting to build a base and I'll draw this in as a base because for me to look out with anything that can happen whether it's geopolitical political would be silly to say oh yeah this looks fantastic it's absolutely an A and we're going to go to B C and D that's what the Chapman wave does rather than F it could still go to a G with an alternate count so I don't want to get there right now then to say a gap up in the week is just coincidental that it happens to be a Monday because that would have been a continuation pattern but it's a gap up nevertheless and as a result what we're looking at is that this whole base of 5 I'm going to say 560 I'll give it just a little room because it go under but it needs to close above it needs to close about 540 in the next two weeks I'd even say three weeks it could go sideways but that's really the issue the further that it breaks to the upside and I could do a measured move now but we've already got the cup formation with a measured move it's almost there from the low of 340 341 the week of the 18th of August to the high that was made 548 the high that was 543 that was made back on the week of the 5th of May we've got that expansion to the upside so that kind of coincides where you should have resistance in the GDX it's the same sort of thing so as I'm looking at it now your question didn't need to take this long but I didn't want to do the work because it was one that I'd consider I did the same kind of work on the stock that we haven't got yet that I wanted we just missed it and this is in the same category and the other one was a South African stock as well so how many gold looks very good and the fact that it's in D in the monthly is not an issue doesn't mean to say oh my god we're in a D watch out the previous D went all the way to an E so that's not an issue it's the 9 period moving area so strong in the monthly so strong in the weekly and just becoming strong in the dating that's important so I like it very much those are the levels that I'd be looking at now if you do want to look to the upside was fascinating about harmony I open up the monthly chart long term you've got all the way to 14 to just under 14 the double top that was made back in April 13.69 to 13.73 the following month of May this is a chapter with two bar reversal that's a peak A B C that's your D so that goes all the way back to 2011 so this is coming a very long cup a bowl formation actually and the moment it starts trading maybe by the spring and another maybe month or two if it really keeps this up if it starts to trade on a weekly basis in the eights and nines all of a sudden you're taxing levels that it hasn't been in since 2012 so I like it it was a long answer but I'm doing this only because it's really to a lot of the gold stocks so I hope that helps you as well that was that was very helpful the bottom line is there's there's really nothing for me to do I'm just going to sit on my hands and watch it play out thank you okay pleasure and thank you for calling and any questions you have with the channel we'd like you had now just send send them over and we'll deal with them on the thank you very much so okay so there are a couple of questions that I needed to get you let me just look down yes PLTR I always get a question about Palantir I said I like it it's getting a little bit there's some resistance around in this area the nine-period moving average is very strong I said it's arching over is that a peak F I really have to say that this is now probably a G slash C and I've got an alternative count because the important nine-period moving average is above the very much above the 14 but I do think okay let me just draw this in on a purely visual basis I'm going to say that this area here this rectangle that I've drawn I think it's going to be the containment area for Palantir technologies over the next two three weeks that it could pop up a little bit but it's going to keep coming back into the 22s and the question I was asked the other day is the support and I said 22 is the support if it starts to trade in the low 21 area then you've got to consider that this huge gap earnings maybe or whatever it was of the beginning of February in the 19s that could be tested but at this point leg D in the weekly chart I could be an option now it's a leg D leg D in the monthly everything here says that there's a good chance of this area that I'm circling let me get my error between I'd say it could go a little higher maybe to the 27s today went to 26 30 in the 27s but I'm suspecting that that's going to be the building block for a base and the weekly chart I'd say it looks very good but if it gives back some of this long move up that was made back in the 6th of on 9th of February the low of 16 high 1648 and 2511 was the high yeah some of that midway should be filled in towards 20.85 so that's what I'm looking at for a Palantir oh where was the other one oh could I just run these Microsoft yep Microsoft Microsoft's trading down again down to I drew the same kind of rectangle that I just did in Palantir I think Microsoft's having a really important digestive phase it could be as phase it says for a little while you can make lower highs and lower lows that's going on from 338 we've had a whole trading bunch of trading positions when it was down the 366 area then we're out of state it just kept our core position the core position went all the way to 420.82 on that day we took something off at 4420.20 and I'm just sitting back I don't want it short I don't want anything I'm just saying it's kind of a clue to me about the overall um mag 7s those magnificent 7s and this has been one of the weak ones oh Amazon yep I'll go to Amazon Amazon is a little weak and that's the same sort of thing just a little digestive phase at 173 I'll be back down to 136 the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and trading 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? 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four side fund services LLC this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ a couple of questions came in I'll do the first one MJ I had a position and look what happened it had a really nice move up two peak D's first one just like that homily we're looking at a DOE and then a pullback so then it started a big move and it did the same thing except this one stalled just under fall and a pullback and then what happened is that the pink the nine-page moving average was so strong green went pink and then what happened is this chapter wave inside check propellant zone became a repellant zone and I'm not interested I'm sorry I've said that this is a very important thing why because if it managed to get to the four into the four twenty four thirty area that would have said you know this is now in play finally alternate harvest ETF kind of a sanctity is working the MSOS had a slightly better chop and then they started to match one another not looking very good there's a generation remember we're looking at that pattern when you come straight down you have a ready and a peak A or a B you turn down take out the left side low that's happening right now that's the advisor she is pure US cannabis I think for subscribers this will be on our list probably more than the MJ which is Canadian more Canadian it includes the Canadian this is purely US cannabis I'll check him out but we're out of it I the reason is I believe very strongly that if you had it now I said that the MJ that there's a chance you could hold this and in a few months time no matter what it did on the downside wherever you got in it'll be much higher in fact I wouldn't be surprised if it goes to the sixes or eights later in the year especially in the political situation gets to the point where whoever this is another this is a potential for another group of voters right whatever age group it is so as I imagine I'm just thinking out loud but I'm not prepared to have it for subscribers getting in at about 350 and then seeing it go down to 250 that's I mean 30 30 40 percent decline even though I'm saying that I think when it finally kicks in it's going to be really quick though you'll just it'll start slowly and then gone a really good speed almost like the gold stocks have just done but I it has to do that I need price to do that I need it to be trading in the 420 so I said got a tight stop we're out we're done I can always get back and that's just the way it is so for MJ for subscribers we're now out of it we're going to have to just wait it's on the list that was it next one was Tesla a couple of people asked me really I think Tesla's going well look he has the arch permission let me just show you this so there's a particular pattern in my webinars if you're going to subscribe you can check out all the webinars there's a case where I talk about straight line down and then you make an arch formation or an inverted V but it goes to an A or a B peak A or a B then it fails if it takes out the left side low look it just did that right there little H pattern another one H pattern then there was a sharp rally in Tesla and what did it went from a low to a peak B C and then it fails if you fail to peak C minus by going lower than the left side low and let's just see exactly where that is right now we've got a bunch of things to discuss and let me get a move on I think to say so 184 68 was the low of the 5th of February 173 we're already under that we're in the 173 so I draw in the arch formation and if it closes sharply below this then and the technical starts to deteriorate and look the magnet is now just turned negative stochastic is already at 40% should go down to the 20% or lower there we are on balance volume is weak the 9th period yesterday turned pink and it's pink today and you remember these one to ones that we had on the way to the downside testing the 200 period moving average so I'm not saying that just yet I'll have to do that tomorrow but right now and there was I don't want to do it I haven't got time there's an arch formation with the left side right side price time match going to tomorrow that says if you take out the left side low and close sharply below it you've got two days in which to close back above 173.01 173.05 175.01 if I can't do that it means that there's a chance you could do a one to one so that's just on a 30 point basis that says and I usually just I don't go exactly from that low to the downside but I start off with a moving average or a candle or a or a gap so this is going from 190 that really says 160s is a target for Kessler so that's your question oh upside says 190 is very strong resistance at the moving average the next one was VNO Vinado is that Vinado that's a reach right rather 26.56 I believe it is Vinado Realty Trust haven't looked at it for years used to have it all notated don't anymore for some reason so the question is can it go much higher I think it's holding quite nicely at 26.56 it needs to it cannot close below 25.60 a point low and that just is now a rectangle formation not going anywhere but if it closes if it is 27.20 that's a quite a bit away today's up 27 cents then you got to look at the left side high of the 27.40 level of the 12th of February but that monthly charts the weekly chart says the 9 is still over the 14 but it's starting to weaken all the technical indicators are weakening the 9 is still over the 14 but it looks to me that I need to say to you if in the next three weeks I'm going to give it all the way through third week of March if there is a neck of this low of 24.17 the week of the 16th of February I'm pretty sure that green 9 prem moving average is going to turn pink so and the monthly chart yeah it's good nothing wrong with it but it needs the daily to help the weekly and the weekly to help the monthly it helps you oh IW IWT this is really important this is a transportation average I why am I forgetting all of a sudden after all these years blanking out I transportation T oh I WMIWT must be oh man I did that just a short while ago look at the IW you all right I'll get in a moment that's the transportation index we need to look at it was doing very nicely what is going on why would I forget IWT ETF for transport index see if I can get it here let's go yeah yeah yeah I don't need that I don't need that oh just tell me what it is someone in the den anybody know what it is IWT of course I'll take this a million times there we are IWT IWT made a peak G three days ago 283.74 I'm watching this because it has made an all-time high above the 282.40 high of May this is that this is the this is the plum line right here the beautiful number of bars on the left from the high to the low to where we are right now it did it exactly last month that was in February it broke it by just a fraction of 282.40 it went to 280 let me tell you now what it went to 282.25 25 just under but it did everything look there's a traffic wave inside wedge target resistance line there's leg D so this is saying a potential double top it doesn't say it's going to happen but I am watching very closely all right thank you for that I'll be right back in a moment I always check the day I certainly did I'll be back in a moment I was at 534 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 moves with the markets at TFNN we bring the trading floor to you our seasoned hosts are here to answer your calls and questions live on the air check out the Tigers Den for just one dollar and follow us on YouTube and become part of our vibrant community and remember at 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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 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 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 then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV so a couple of questions came in first one was well first of all thank you to both Dan and Tiger YouTube Pat and Tiger YouTube and Dan the Dan for that IYT so a question about I'll do this quickly PFE is this an item reversal on the left side yes it's an item reversal at 2718 because of the way the MACD is rising in the weekly chart the stochastic is okay at 32% I'm not sure if you're looking to go long what I would say to you is that it's extremely oversold this is Pfizer but at 2718 why not if this is the question why not just nibble here at 2719 I would absolutely have just for the nibble I'd have a two point stop and let's look at it again tomorrow maybe even today's Wednesday maybe even Friday we'll give it a little room that gap some of the gap might be full but it's at least telling you that if this is the start of another move up you can do something with it by starting a position it gives you a better feel for it just a tiny little position SYM that's some body I've read some of the things about the CEO and others selling 5 million 10 million with a stock you might understand this is a nice move up today hopefully turns a period moving out this is a real tough one period at 21 it went to at the 60