 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 internationally at 727-445-1044. Now, Basil Chapman. Everyone, this is Basil Chapman. This is the Tiger Technician Hour. It's not the noon time. It's not 12.06 in the eastern time in the afternoon. It is, in fact, 8.06 in the morning. I'm doing the show earlier. It'll be recorded and played back at noon. So we're looking at the Dow having a spectacular run from 25,743 Thursday morning early, closing up at 26,573. Really a spectacular 1,000 points in two days. Of course, on the way down it did something within three days. It had a move from the 27,000 to the 25,743 level. Not the point. The point is that there was a rally on Friday. Now, I'm not sure if it was just a short squeeze, but it was really a double of the noon time price. And that, to me, it says that it was buying as well as short covering. So what happens in the next few days is going to be really important. Why? Because if you're looking at Dow right now, let's go to the futures. It's the YM trade is trading at minus 52 at 26,474, having hit the 26,000. Let's see, 26,000. What was the high in the futures? 26,549 level. So it's down a little bit. But hey, what's really important here is that the MACD, the moving average convergence on this left side chart is still very, I wouldn't say very negative because it's flattened out, but the distance between the slow moving average, the red 26-period exponential moving average and the 9-period differential, I call it the fast moving average. The green line is very wide. And the histogram is only starting to improve a little bit. So there's still a lot of negative weight in this particular index. And the stochastic did turn around very nicely from under 20% to 29%. That's a good sign. On balance volume, the blue line right there has been holding very nicely. Look at the weekly chart just stuck in a range really between the mid-27,000s. And this particular point, I'm going to go to the rising trend line support. And this week, that trend line support comes in at 25,500. So what are we looking at? We're looking at a market that is holding extremely well, considering that there's a lot of overhang. There's a lot of stuff going on that could become very negative. It can also become very positive if there's suddenly at least a little bit of good news coming out of China this week over the next couple of days with the talks going on. So let's just do nitty gritties and just say this is what I'm looking at. If there is another move to the upside and the Dow, let me go to the index itself. The Dow Jones Industrial Average closes at 26,573. If there is a close above the 14-period exponential moving average of 26,658, let's just say it can get to the 26,670s. Close above 26,660, push into the 26,670s over the next couple of days. There will be very impressive action in the sense that what you've got here is a rising series of lows, even though there's slightly lower highs. And that says that the trading range could continue a little while longer and that until the Dow breaks underneath 25,000, if it's going to do that, that'll be a very big negative. In the meantime, it's a consolidation. That's what I've said to my subscribers to my opening call. A consolidation. We are short. We're short from just about 120 points of the all-time high. We've got a little bit of leeway and that's the way it's only short we have right now. We took the profits in our semiconductor short. What's really interesting here is that there are a number of stocks that had very good candles on Friday. That's not good enough. A good enough candle would be to say, hey, very nice turnaround. Now we've got follow-through for the next three, four days. All right, let's do one thing at a time. So the resistance we can see here in the Dow is in the 26,660 area. And the key support is at this particular point, let me go to the 120-minute chart right here. 120-minute chart says that the green, this is the thick green line, light green, 20-period exponential moving average right there is at about 20,006,450. That's key support today. The next is the black and pink, 14 and nine-period exponential moving average. Let's go all the way down to 26,400. Now what's very important is this. Within the context of the different indices, we had something very interesting happen on Friday. I need to first look at the patterns. I wanted to show you that in the Chapman methodology, we're looking at very simple patterns. We like to identify the lowest low. We want to count from the lowest identifiable or you start your count and you want to see four, at least four peaks higher alphabetize them, ABCD on the way up. And when it gets to the fourth highest peak, even though you can go E, F and G, at D is where other things can happen. So we saw 27,398 in the 16th of July, peak D, plummets down to a trough E at 25,339 from 27,398, runs all the way back to 27,306, just 92 points from the all-time high. Then it pulls back to 25,748. Think of that as an inside candle, just one big inside candle. We didn't break out to the upside. We haven't broken down to the downside. So you've got your four peaks. But what are we always looking at? We're looking at cup formations and arch formations. And the data, look at this beautiful cup formation, this beautiful arch formation. Red, because if it takes out the left side lower, it can go lower. Green, if it takes out the left side high, it can go higher. And sometimes you can get a mix called the lowercase h or a reverse y. All right, enough with that. Let's get out of that. Here we go. Now, where are we in the different indices? And as I said, Friday was an interesting session. Look at this big candle going all the way to the nine-period moving average in the Dow on Friday. Look at the S&P, huge mover. And it goes from 2855 round number low. Oh, was that round number low in the cash index as well? No, it wasn't. 55, 94, that was in the futures. So there we go, 0.94. And it goes all the way from 2855 to 2953 on Friday. And it stops a little higher. It goes to the 14-period expansion moving average. The MACD still flattens, the stochastic did turn up, but it's only at 22%. Interesting, the price is a little bit better, but the technicals didn't confirm the way they should. The QQQ, the NDX100 trading at 188.48 right now, down 33 cents, had a big move. It closed over the 14-period moving average. The MACD is a little bit better. The Instagram's improving somewhat, and stochastic's actually at 25%, and it barely went under 20%, maybe for intraday, but that's it. Technically, it's holding well, and you can see this lower case, and remember, we're looking at that H-pattern. So far, this H-pattern is holding very nicely in the weekly chart, but it did take out on intraday, into a weak basis, it did take out this rising-tash trend line, and now we've got to watch it closely. The resistance is at 189 to 190.30. The IWM will come right back to that as soon as we return, had a big rally, but not good enough, and it's really the lag at, I'll be right back. Basel Chapman, time to conditions hour Monday, the 7th of October at 8.14 AM. Not noon. This is an early show. If you're not currently using the Taz Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The Taz Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. 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Details on The Tiger's Den are on the front page of TFNN.com. We're live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com Educating investors. Call now. Toll free at 1-877-927-6648 internationally at 727-873-7618. Hi, folks. We're back. Basel Chapman. This is an early edition of The Tiger Technicians. Usually at noon, but right now it's 8.18 in the morning. And the futures are actually trying to rally. The Dow is only down 40. It was down 140 overnight. Now it's down just 40. And the S&P is down 5. The E-mini, that is. The IWM, as I said, nice rally. Very nice rally, but not good enough. Didn't even get into halfway into that very ugly candle of last week. I think that was from Monday, Friday, Monday to Tuesday. So we've got to watch it closely. You can see in the middle chart, the weekly chart, it is just stuck in a rectangle formation trading between 160 and 143. It takes out 143, then 142, 145, orange, 200 period exponential moving average in the weekly chart becomes very important. Monthly chart doesn't look too great right now. So let's go on and we'll look at the gold. Gold, at this particular moment, is down 8. At 1504, also stuck in a range. This rectangle range, although it's gone way above it and then way below it, the median price, it's called the median price, is between 1525 and 14. I think that's about 1496. And it's just stuck in the middle. It's at 1504 right now. And silver is the same thing. Silver is acting a little bit poorly here. It's down 0.08. 0.54. It is under the nine period, the pink nine period exponential moving average. And now let me just extend this rectangle formation to say that was supported. See if it can remain a support if at any point this week, 17, let's call it 16.94 is taken out. That would say good chance it's going to head towards a 16.42 orange, 200 period moving average in the daily. But if we can push into the 17.95 area, that'll say hey, now it can go a little bit higher. But it really is stuck in the range. If you look at high grade copper also acting quite today, it's acting a little bit better, but it's stuck in the range as well. But it's under the nine period moving average, the pink and the 14 period moving average, the black line. It's really just stuck. The MACD is weak and the stochastic is trying to rally, but the price hasn't rally commensurately. So at 2.56, it's very important because the crude oil crude oil is rallying today. It's up 70 cents at 53.62. It double bottom from the 50.52 low as a continuous contract from the low that was made on the 7th of August at 50. Was that 23 or 52? 50.23 I should have changed that. It went under it. Okay, I'm having a little issue there. Okay, there it is. 50.23. I like to get these right. 23. And then the low three days ago was right there. 50.99. So far it's a successful arch pattern. It's actually inverted H. 50.99. And holding quite nicely, having a little bit of a rally, but look at the weekly chart. Just like I'd say that in the lower case, H could go to a lower case M. As long as the hole is above 50, that's good. 49.48 area. It breaks key support. So far it's trying to hold tight. Now let's go to the dollar. The dollar trading at this particular point, if I can get into the right area, there it is. The dollar is up three, 98.86. It is holding well, considering that it's had a very good move. If you look at the monthly chart, look at this, 88.25 April, February of 2018. Over a year and a half later, is trading at 98.86, having it 99.46. My target has been the 100, the par level. It hasn't got there, just missed it. But there's good evidence that it should get there. Now in the interim period, you've got a peak D in the weekly chart. If this becomes a peak D, remember what I said, a peak D, other things can happen. Look at 97.71, the week of December the 14th of 2018, peak D drops down to 95.02 in November. How can that be in January? I'm sorry, in January. And then rallies to a peak E at 98.37 pulls back to 95.48 and this is probably going to be a peak D if there's no 99.62, there's no high above that this week. And that says you could start to get another digestive phase. You've got China coming on here. Maybe they do something that impacts the dollar in some way. The administration will probably like a weaker dollar, but this dollar has just been, I think it represents, always talk about it as the Harley Davidson. Now there was not the company, Harley-David, it's just the icon, the dollar. And that's really what it is, it represents the economy is being very strong right now. And I think that's what you're looking at. Okay, so that's the dollar. If you look at the EURUSD, let's just do this because this is the beginning of the week. We want to be fresh. There has been a turn up in the euro. It went to a trough 1.08 792. That's numbers. It's trying to rally. Just a minor little rally here is trading up a fraction today. You already need to see this over 1.105 in the next couple of days. And that will say dollar is going to have a bit of a breather. EURUSD is going to have its turn to rally. It's done that many times. It really hasn't shown tremendous strength at all other than just a bounce. If you look at the EURUSD-JPY this is the yen this is the dollar yen currency pair 106.84 it's trying to rally here the technicals are weak it needs to get it better hold 106.30 otherwise it's going lower but if it's able to rally to 107.80 by Tuesday Wednesday that's going to be very good. That's a lot to a point. It's going to take a lot to do that. I think I've covered almost everything I wanted to accept the TLT. This is very important the TLT is down 75 cents today and 145.24 in a sense that's going to give some strength to the market because as money when the market is very shaky and very volatile meaning going down money flows from out migrates from stocks into bonds so called safety of bonds and vice versa so going down 75 cents in this very strong leg from 136 to 146 you can have a bit of a digestive phase but that weekly chart is suggesting that if there is a turn down under 143.20 in the next two three days you could have a bigger rally in the market and a pullback in the bonds in the weekly chart making an H pattern or inverted V right there so I'm watching this closely in the monthly chart still says it should go to a leg D above 148.90 at some point that would intimate that this should be lower yields but in the meantime we're going to be watching this today very closely now I've covered a whole bunch of things I want you to just do the XLF the XLF which is the financials had a very strong session filled in the gap from last week it's training at 26.40 right now down 6 cents close at 27.46 stuck in the range making higher lows and not really higher highs but it is testing the 28 area quite often so what happens this week is going to be very important because if the financials start to take out 26.20 key support $1.20 from here that's very negative and that to me would be a sign of probably greater economic weakness look at Sintas this is what I use as a benchmark for the economy overalls, uniforms, rentals CTAS trading at 265.59 up to 273.00 today that's even better than the Friday close that's just saying things are quite steady might be rotational weakness like in some of the hotels and resorts but so far this is different but as a chap I can finish this out since 1984 Basel Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion well originally hand drawing charts from the late 1970s into the 1980s Basel noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later Basel found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price returns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basel Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call Basel's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Basel's newsletter call today by visiting TFNN.com the path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this powerful daily 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banner on the front page of TFNN.com I'm going to go back so talk about those patterns remember I was saying there's a pattern let me just draw this bring it across there it is there's the Y pattern if we take out the upper peak it can be quite positive that's why it's green it's like a reverse Y and that can turn into like the lowercase H can turn into a lowercase M by having another arch so the Y can turn into a double U formation well look here it is the e-mini two-minute chart right there is PG has a 1, 2, 3, 4, 5 quintuple top pulls back after an arch after a cup formation makes a deeper cup formation just fails it gets to 29, 46 ish and doesn't take out the high of 29, 46, 75 and then pulls back so these patterns remember straight line cup or arch just keep thinking those why do I say arch look at this you add your arch right there one left side right side having another one left side and now we'll see if it takes it out the left side low and that's all you need to think of it just makes it makes not necessarily trading but it makes the visualization of patterns so much easier straight line move look straight line move straight up and then cup formation arch formation cup formation arch formation and let's see what happens after that alright so now what we're looking at is within the context of syntax it's holding very well on a weekly basis but if it closes over this 1, 2, 3 triple top at 270 how does stocks do this on the 20th of August it goes to 270.36 it pulls back pretty sharp it's to 255 area and then runs up to 270.24 on the 5th of 5th of September 15 days they are not that many sessions right then it goes all the way down to round number 244 on the 16th of September rallies all the way back but what does it do the previous double top was 12 cents of the all-time high this one goes to 270.11 13 cents of the all-time high now you can see in the weekly chart and why do I make a big deal about this I've always treated it as a kind of a benchmark of what's going in certain sectors of the economy in this case overalls rentals uniform rentals and that really implies that so far everything's holding very well but there has been just a rotational correction that says that maybe you should look at something like an MAR which is a Marriott look at this it makes an all-time high of 149.21 January of 2018 careens down to 101 late December powers up to 144 and that's in July and now it's trading at 120.86 at the lower range so this is saying to me yeah maybe this is telling us about some of these different areas look H is Hyatt is that Hyatt yep Hyatt hotels makes an all-time high back in June or July at 85 it was just under 84.89 that was in June of 2018 careens down to the 64s right is up to the 81s and now it's trading at 72 taking a bit of a breather I'd say and let's go to Hilton Hilton's HLT Hilton is now this is one that's held much much oh why have I not got the notation it made an all-time high back at 104.14 in July of 2019 pulls back to 19 20 points it's a big deal but it's not as big deal as the others and holding quite well so this rotational correction going on in the in the hotel area I think that's really showing up in the price of Sintas if you look at the IYT which is the transportation index I'm a little concerned that at 209.44 the July high plummeting down to really important monthly look at this trend line this trend line really goes back a while you can see that it goes back to the low of 2009 at 38.29 it rallies to 209.45 I would say that's a bit of a rally I share Dow Jones transportation index pulls back to 155 that's 60 points that's 28% 27% and now it's making this arch formation at 180 it needs very quickly to get to the 185 what I like to see in sports confirming rallies I don't use Dow theory I just think of a practical a pragmatic way of looking at it just to say hey you want to see shipping you want to see the rails doing well and the airlines it's a little bit differently they are tied perhaps a little bit more to crude oil but the XAL the online archer line index has made a high of 124 back in 2018 pulls back to and you're not trading in 98 it's kind of stuck and considering that oil is in the lower range it should be higher than that so these are things that I would say I'm worrying about but I put them in the percolator to say just let's watch them see how they see how they perk the other thing is this when we are looking at interest rates TNX this is the tenure this tenure had a spectacular what I call a single leg A up from 14.29 1.429% I should have tagged that in to the higher of the 13th so that was back in August late August then on the 13th of September it hits 19.03 19.03 huh 1.903 and that was 9 what did I say 13th I think I said 30 and then it pulls back to 15.34 this is the pattern that I call the single leg A to the upside if it pulls back and it takes out more than about three quarters of the gain it's there right now that usually tests the low so I'm going to be watching this very closely and that would say that bonds rally when the price of the yields comes down so if there is a move up towards the 16.02, 16.28 and moving averages right there TLT should be pulling back so we're going to be watching that very closely even more important is looking at the here we are the weekly chart it pulled back to a trough D had a very nice release now and also underneath the key moving average and the monthly chart really doesn't look very good at all it looks like it's gonna have to be testing of the lows okay so now a couple of things are going on we've had an 830 report I'm sure somewhere other the e-mini is down 52 in the in the Dow down 7 in the e sorry the e-mini is down 7 the Dow YM futures is trading down 53 okay here we are got a couple of questions I had the other day was in looking at the markets what was the reason for you to go short and what would change your mind so to do this I'll do this in a broader way I and you I'll show you the charts in the broadest sense that peak e that was made in the weekly chart right here at 2 27,398 that was the 16th of July was the high it pulled back and it created a trend line that trend line was hit exactly so 24,701 in June 25,339 was the low in July and look what happened here 25,743 was the low of last week on Thursday morning and now look how it's rallied I'll talk more about it when we get back Basel Chapman, Tiger Industries Hour Early Edition 8,38 in the morning rather than noon 12,38 in the afternoon being recorded and will be replayed If you are in the CD market and looking for a secure investment the Tiger First Mortgage Program may work for you the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 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Tiger TV for the latest market information so there's another expression I have a rectangle formation can last a lot longer than your patients look at this rectangle the cup formation made another cup formation and yet the 2946 level the two minutes e-mini chart is holding very nicely I would just put it this way if the e-mini starts to trade underneath 2939 and holds there for more than I would say 40 minutes there's a real good chance that there's going to be weakness for a good part of the day if there is a break into the 2948 level I think that there's going to be forced buying and short covering so those are the levels to be watching so let's go back in I was talking about the Dow the reason why we've been short fortunately using the Chapman Methodology we've been able to short either the exact day of the tops of the last couple of them since April actually and this one we didn't short at the top but we did get a short about 120 points from the all time high from the recent I have 27306 and it did drop to 25743 now there's a bounce and I think this is a consolidation I'm calling it a consolidation not talking about a bear mark or anything not at this point that weekly chart is still okay but look at the monthly chart in the Dow it's holding very well and we did go to the 14 the black line the 14 period moving average and we bounced off it so I would just say that at this particular time 26200 is the support that needs to hold in the monthly chart which takes that out it will retest to 25873 one penny above 27398 will start a lag D and I do expect at least a lag D in this particular move my thinking is being that there will be a consolidation first before we do that and that kind of corresponds look at the S&P how on earth can you have since the low of December December 26 how can you go from 23 46 all the way to 3027 in a single leg A and not have at least a couple of months we've had two months I'm expecting at least a third month of consolidation maybe it's the fourth month of November we start to break into new highs we'll see but most importantly that for a single leg A to the upside is spectacular 2346 to 3027 and the E-Many fabulous okay so the other thing is the QQQ if you look at the the Q's themselves yes the monthly is holding well and yes the weekly is holding okay it's not great it's already broken and sitting close to the trend line support and the month sorry the daily chart is making these H's look a cup formation and an arch formation there was a lowercase H to a lowercase M and made a bigger arch formation with a higher low at 181.82 trading at 188.44 right now so I think as well there's a consolidation going on even more importantly if you look at the Amazon if you look at the fang socks look Amazon yeah it had a nice little bounce on Friday it doesn't look very good looks like it's got a big digestive phase going on it's got a former base in the 1680 area to 1700 and really started moving to the 1800s and must do that soon if you look at Facebook Facebook trading at 180 way off the 208 high last high but the 218 high of July of 2018 it is way below that right now so also a nice couple of days but not great and it looks to me like it needs a more digestive look at Goog alphabet trading a little bit better but still stuck in a range trading at 1209 1207 right now down to pre-market so I'm looking at this Netflix has really been hammered it was one of the darlings going up to the 423 high of June then it makes a huge in the monthly look at this H pattern right here and if it takes out 250 support it could retest the low all the way back down to 231 so it needs very quickly to get to the 272 just to get to 305 to say hey I'm done going down I need at least sideways to up what am I missing oh Apple Apple was fabulous Apple is trading at 226 almost all-time high didn't all-time high just 3-4 days ago I'm sorry 233 47 was the all-time high in October plummeted to 142 and now it got almost back it went to 200 so 233 is all-time high and the high on Wednesday Thursday of last week on the 1st of October was 228.32 5 points of the high so Apple is really the strongest of all but Apple is the most mature company it is really how can I put this it is now a kind of a dividend play it is it is a service industry is really modulated it's morphed into something different to what it was yes it has hardware that software but now it's really service and that's a big deal it's a big change in culture it's kind of what happened with Microsoft I mean Microsoft holding very nicely here also in this kind of sideways pattern all-time high this is a stock that was a leader in 2000 and then just crashed and now is a leader overall it's just it's re-made itself and that is incredible action so Microsoft so yeah individual stocks we can look at look at the I wanted to show you something in the IBB the IBB I don't think I've updated it yet now I haven't updated it lately but it went from 100 trillion 2.97 high in December of 2018 goes down to the 89 area springs back to 116 and now it's down in the doldrums at 99 yes it's trying to rally but this is see this is probably an area in the politics of today where it's tough it's really tough yes you've got in the actual this is the Nasdaq biotech in the pharmaceutical area you've got a stock holding the all-time high made a peak C looks like it will go to a D so it's really very individual and within a sector you can get some stocks that are just acting very poorly and work a big pharmaceutical almost at the highs it's at 85 right now all-time high was right there triple top goes 8707 in July 8735 in August and 8717 in September I would normally say this is the Chapman wave 2 bar reversal and it did certainly pull back sharply to the 14 period moving average in the 78 area but this is very good action so I think it's very important to be very selective and look at what is working because the XLK the XLK right here is at 80.55 80.78 was the high in July dropped to 75 runs up to 81 and then comes back down again there's the cup formation yes the arch formation remember just making it as simple as possible goes to peak E rallies and now it's trying again to make a bit of a cup formation can I do that this is going to be very important because if the S&P select financial a select a tech spider fund is able to get into the 81.30 area it's getting closer and closer to the all time high this is just a sideways correction this is just a digestive phase so I'm watching this very it's very important and the reason why I took the profit for as a subscriber is yes we're going to lower our stop in there without the short so I can get rid of this we're not short anymore we might even do it again if there's a failure today I just don't know because if it's acting look at Taiwan semiconductor spoke about it with subscribers to my opening call this morning hey almost an all-time high and it's getting a lot of billing it's getting everything is working for it not many of the others in the area getting that kind of action Taiwan semiconductor TSM training 4769 up 27 cents pre-market the high the other there was 40 7.85 nice action I'll be right back we'll wrap it up in a few minutes I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of 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the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors you know what's cool taking something that's good for you something specifically formulated to help with weight loss better sleep stress reduction and the need to detox Nicar hunter and gatherer ancestors found all their nutritional requirements for health in their wild environment but today our food sources no longer contain the vitamins, minerals and nutrients our bodies need to stay healthy and strong that's why we need primal edge daily nutrition it includes a special blend of ionic soil based vitamins, minerals badi and amino acids in an easy to use liquid form primal edge is powered by highly concentrated folic and humic acids nature's preferred delivery system they've been called miracle molecules because like sunlight air and water life cannot exist without them that's right Paige they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning primal edge formulated and approved by Nico and Paige of living a primal lifestyle buy it today for just $89 click on the primal edge banner on the front page of tfnn.com so as we wrap up this is the this is at age 54 a.m. in the morning instead of 5 minutes to 1 o'clock for my usual show of the tiger donations out let me explain what I'm looking at the Dow has given me Steve Rhodes stay tuned for another great hour of the trader's edge the Dow has given me a cell signal and I'm looking at the chance of an arch formation forming right here and we will know that it's in place if the Dow starts to break under 26,000 close under 26,000 380 at any point this week and then it will be a do a retest because if it gets into the skinny wick of 26,000 250 at any stage it should go down to the bottom on the upside I don't want to ignore that because the buyers out there you saw that on Friday maybe short covering but we'll just say that a close above 26,720 says yep it could go a little higher but at this particular point I think the high that was made on the 12th of September 27,306 is in place for a digester phase a consolidation phase not looking at a bear market or anything like that right now I'm just saying digester phase so keep that in mind and we'll watch the TLT because if the TLT sources see a move it's down 81 cents instead of being at 14519 within two days if it's so concentrated 14670 or 14720 something in that area means probably the money's going to be going back into going into bonds as a safety measure because of the volatility of stocks just be a little careful selective that's what I'm saying right now yes there are stocks we've added two positions on Friday we've given them tight stops not going to be I'm not prepared to take any chances here either works right away or it doesn't work we'll see what happens so I'm about to wrap it up you're going to go to Larry Pizzavento's what you see coming up straight after this if you're listening to at noon time with a recorder show it'll be Steve Rose and Dave White and Tom O'Brien so I'm going to try to beat the instead of talking into the clock right now let me see what we've got for time yep we're doing okay so this is going to be a wrap and we're looking at watch the market closely oh it didn't do the VIX as we were about to wrap up let's do the VIX quickly the VIX right now vix.x I think I missed it okay the VIX right now it's trading at 18 if it goes to 18.80 this market goes even low or higher and if it starts to go to 17.80 this will be a good thing for the market in today have a wonderful day I'll see you tomorrow in my regular time