 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. Hello everyone, Basil Chapman here. This is the Tiger Technicians Hour. We're looking at Chapman Wave's stalk leg formation in the daily chart of the week of the Dow. But it's very unusual to actually get it at a leg A and then going to a peak A and then just stalling for five or six sessions. So this is a work in progress. It's very easy to say, oh yeah, this should be a one-to-one to the upside because it's a propeller shaft. I'm just making it real clear. Closed in the next few days, going into Monday or Tuesday below, 32,500 negates the pattern and a move about 33,272 is very positive starts the leg B. It's actually a combined B and that would be very positive. And then the pattern that we look for is leg body. This is the oval body. Then the neck is fairly short and then it comes back and it retests the arch of the oval pattern. That would be 32,272. And at that point it needs to really just spiral to the upside. Otherwise, this is going to be a failure pattern quite soon. But in the meantime, acting quite well. Let's see. The dow is down 80 points at 33,100. Looking at the S&P. There we go. The S&P is trading at 4,154 down to six points. Also stuck in the same range. This is more the pattern that I'll look at for the Chamber of Stalker information. It makes a peak C within the oval pattern, pulls back. Then we get a D, which is just above 4,177.51. Then it comes back into the body of the oval pattern. And that's where we really get a test. Is the MACD still holding well? Is the stochastic still nice in the 88 to maybe 90% area? What's going on with this unbalanced volume, which has been the one thing that's helped me back a little bit. Now, what I've said to subscribers to my opening call is choosing specific stocks. We've seen how some stocks are moved up really quickly, and then they come very sharply lower. I've been a little bit more generic. We've got the diamonds. We've added a position in a little bit aggressive in the QQQ. And that way, I just alleviate this issue that there are some stocks I'd love to own, but they're just not showing stable moves to the upside right now. Yes, they've come off the bottom, but if you don't get the exact bottom, then you're stuck because they can wiggle around and take you out and you've got to get back in, et cetera. So we're just being playing this a little bit more generic and a little bit more cautiously. And so that's the S&P looking at the QQQ trading quite nice. Yeah, $1.41 at 311.23. If there can be a close above today as well, it's a Monday's high of $312.35 on the 120-minute chart, one full 120-minute count bar. A close above it, it says, wow, now it's a lot easier to go to leg C above the high of the 2nd of June, which is $314.56. And that all says that the $309.70-ish area is support today. If there's a sudden sell-off, who knows if anything could happen today. IWM Russell 2000 doing quite nicely. Actually, I'm becoming more impressed with the daily chart of the Russell 2000 having made a really nice V-shaped recovery, but in leg B probably maybe a P-D today. Underneath the previous side, that's usually not good, but all the technicals are very good and it's starting to help. Finally, it's helping the weekly chart of the Russell 2000 IWM. There's even a chance that this week on Friday at the close, who knows what's going to happen on Friday? What's the CPI? One of the data points are coming out if it can hold, but certainly if it's a very strong session going into the close on Friday, if the MACD can cross positive, that'll be a really good sign. All right, let's get back to our story here. XLK, which is the XLK-AEB, this is leg C. No, sorry, leg B. Leg B in the daily chart. This is the S&P Select Spider Tech Fund. Yeah, it's doing okay. It's not great. It's doing okay. It's down 16 cents at 141.53. Looking at the semiconductors, SMHs. I had a question about it yesterday and I said, I don't see the semiconductors having the kind of strength that they would have if we had a take-off, talking about a take-off pattern. The take-off pattern would have the semiconductors instead of being down a dollar and a half at 242.30, moving sharply into a really rocket ship leg D up in the 254, 255 area, and the Dow and the S&P, let's just go to the Dow for the moment, would look like this. They'd have not the sideways move. This V-shaped pattern would have had one bar rest, maybe two, but more like one bar rest, and leg B would have been close to the 33,900 of the 200-period moving average. And that tells me this is not the big take-off. This is a rally within, I'd say a bare phase. I haven't had the proof yet to say that we are out of that bare phase in the, talking about the daily chart now of the Dow and certainly the weekly chart is only a leg A. So I would say we are out of the phase, if we can see in June, 34,800, maybe try to test 35,000, to me that would be fabulous action. It's going to be tough to do. Let's keep going. I want you to show you something very interesting. Look at the dollar. The dollar is now down a penny at 102.32. Now, what goes with the dollar? We talk about this all the time. I like to look at everything separately. That's Dolly. That's the dollar. Bondi. That's bonds. Vixie. That's the Vixie index. Oily. That's oil. What am I missing here? Gold. And gold. I try to think of them separately, because if you try to put them together as a package, you've been totally, I mean, bonds, bonds going down as yields go up, as the markets come down. That is so unusual, almost always, historically for decades and decades. I've been looking at this and saying, all right, when the yields start to come down sharply and bonds rally, what happens is that money is going into stocks. When bonds drop sharply and yields go up, no, when bonds are going up, it means that money is going into bonds and money is coming out of stocks, correct? Yeah. And that's the flight from the volatility of equities going to the so-called security and safety of bonds. So that's changed. The dollar screaming to the upside and yet gold is holding well. But first, let me do this, USDJPY. Look at this. I mentioned this the other day that the yen, US dollar yen, was acting very well, moving in the same direction as the dollar, but that they sometimes only go in the same direction. They don't move in the same percentages. Look at this move from 126s to 134 right now in almost a single leg A. Look, a little bit of a mini peak A. And then whoops, and I have to consider this is a brand new buy mode with the Magdi Strong Stochastic at 95%. That is US dollar, Japanese yen, spectacular action that goes to leg E above the Fibonacci level. What was the extension there? That's the 300%. Now I don't know if, I've always wondered about, I could need to check, is there such a thing as a 300% from a Nanji? Funny, you know, I've had it here on this particular instrument. And I can't tell you how many dollars, 300% coming forward. All right, dials down 185,000. We'll be right. Time of booming inflation. We are purchasing powers eroded. There's no better place to protect your harder and money-thinning gold. Vistagol's flagship asset is the Mount Todd Gold Project in the northern territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tier one mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. 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Subscribe to the Fibonacci 24-7 newsletter today TFNN.com, Educating Investors. I've been recently and I said, I liked it. This is Vistra, core electric power business, VST trading down 69 cents to 2670. I'm calling this a peak C in the day, if there's no new recovery high from yesterday's high, that is above 2639, oops, 2739 and it's trading at 2668 right now. But the on-balance volume is getting a little bit overboard, so you can see the pullback. I suspect it's going to have a little bit of a higher high, but my target would be the high of 27, what did I say, 27 39 yesterday. Well, the high that was made back in 2019 was 2796. Remember my root of thumb in the rectangle in the very large rectangle lopsided gravy cup pattern is that if there are higher highs and higher lows, it should work all the way in the same time frame that you're looking at towards a peak D just under, right on or just above the previous high, in this case it's still Lake C in the monthly chart. G-Stash C in the with very good technicals, very good technicals in the in the weekly low of the stochastics under 80% at 79.69 still very good and the daily technicals are already good but as I said, on-balance volume just a bit of work. I still think this is the good area just on a very short base, I think it's going to be a little bit toppy. You never ask me anything other than just to do it and understanding what it is. Now, my opinion would be that in this particular move, because it had such a powerful rally to 27 back in May and then a plummet down to mid-May in the 22s just under 23. The way it's worked chart pattern higher says to me that how it handles if it takes out decisively 28-30 on a closing basis at any point that is absolutely spectacular action because that would be going towards the previous high of 2019 back in May of 27-86 and that would be above that and if I go back further it's an IPO back in 2016 in the 12s righted all the way to well, righted all the way to the 20s and then plummeted down to the tennis area so I would just say that if the whole power area, electric power area is still holding very strong and I think it's getting just on a purely technical basis getting a little toppy but it seems to me over the summer it's still going to be the place to be I'm only saying to you just money management says to me in this area in the 27s or so maybe you want to take a little bit off and just plan to put it back lower down that's just money management if you're one of these power brokers you'll do the exact opposite you'd triple down whatever it is and just say okay if it goes to 29 I'll have three times more that's not the way we do it yet just money management says this is where you want to be positive but also have money management that's all I'm also going to do Exxon because it was spoken about Exxon made another new high today $1.22 with $104.58 fantastic action what was our target? Our target was $104.70 $104.77 $104.76 that was the high of July 2012 so we're almost at leg F in the monthly chart oh sorry F this also could be a recycle this could in fact be F I have to do that just to be a little conservative I'm calling it F but actually I have to put in the background that is a possibility that it's an alternate count ABC there's no alternate count there's actually a D so let's just make that a D why? because I have a corner I'll get to the corner momentarily let me just do this quickly there it is putting the down arrow and then the up arrow and that becomes peak A, peak B, peak C and here we are at D, yet another D so it says here again money management says looks fantastic but this is probably where you want to take a little bit off let's go to our caller and let me check we've got our caller who is John in New York, John how are you? okay how are you? I'm very well thank you you would like to look at GNK is the symbol general shipping oh oh I used to have this I knew I recognized the symbol but I haven't got it all notated I used to have it notated I must have lost it onto another in the portfolio it must be in one of my other files so let me just do this A, B and then I can ask you what you're doing with this A, B, C, T, E and then what does it do at peak E? it has a little bit of a tumble today down to 17 and 24.76 GNK and the actual name is this is Genco yes Genco shipping and trading I think it's called so what are you doing? I have it and it looks like it's it's in buying territory today is the beating justified? it's taking a beating today so do you know who's pertaining to this at all? no I don't see anything on Yahoo but maybe Bloomberg has anything all right let me do this if you don't mind I'm going to do this I don't usually do it I'm going to do it right now news if I can find where the file is it's over there let me just type in GNK where do I type GNK oh there GNK and then I hit yes and it tells me there were no headlines I'm with you there are no headlines wow I mean there's no earnings yet and it's not a dividend today where they subtract the dividend price from there so are you able to see my charts live? hold on let me go to it okay while John's checking that out I want you to just explain something D E a possible F in the monthly chart so GNK shipping and trading I think it's called trading yes that's it okay so if you look at this daily chart are you able to see Tiger TV are you able to do that same time? yes I got the charts in front of me so if you look at it look how nice they've made this arch for a successful arch formation back in May from the load made in April and then ran up peak A peak B pulls back and then has a little mini what I call a gray A and B underneath and then there's an overlapping wave that takes you to leg C together because the old the new B gets taken out for new leg C and the old B gets reinvigorated and comes back so you've got you've got a compound up move here then it goes to D and E now what's really important about this you see the MACD is still very strong you see the 9 period is still very strong over the 14 see the stochastic fabulous at 89% but if you look at the blue line and I'm going to do this to show something very interesting get a vertical line right there this low that was made here which didn't coincide at all with the lows that were made very often it does it did at the very top right there at the very top within one bar it coincided coincided with the peak that was made back around about just under 26th in April and then it pulled back but look how well it's gone and now the only thing if you look at the blue line this blue line here is called the unbalanced FODGET and I'll think I'll discuss that coming back because it's just a little top but that's tough so the amount of pullback is a little bit deeper than I would have expected I'm going to take the break I'm going to try to see if I can find something that's maybe in tiger chat we've got people I'll be right back John hold on if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning I publish the gold report with coverage of gold silver bonds DXAU, HUI, GDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade sign up today I'm excited by a variety of professional traders during market hours and now they are expanding their reach with the Tigers Den available to all Tigers and Tigresses for just $1 for the year there's no catch or added costs when you join our community of traders in the Tigers Den you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigresses as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the Tigers Den at Discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of TFNN.com Tom O'Brien has just announced a live timing the trade webinar Friday, June 10th from 9 a.m. until 2 p.m. Eastern Time. Join Tom O'Brien for 5 hours of live education as he teaches you his trading methodology right from his best-selling book The Art of Timing the Trade Your Ultimate Trading Mastery System In this live webinar Tom O'Brien will be teaching you his entire trading system including quality volume, ABC structures Fibonacci confluence zones cause and effect, swing points and more we'll be limiting this class to 40 attendees so please do not delay and reserve your seat today for this special live event with Tom O'Brien all attendees will also receive a physical copy of his book The Art of Timing the Trade an $88 value mail to you along with a free month of his daily newsletter Market Insights a $169 value for all the details and to reserve your seat today visit the front page of TFNN.com TFNN Educating Investors Just click the think or swim banner on the front page of TFNN.com We're looking at NET This is an oil shipping It's a little different as it is Nordic American tanker shipping down today almost 4% but it's $2.22 so the way I'm looking at this now all I can say is I know I looked at the shippers this morning I thought you know what these shippers Shippers haven't been relentless. They haven't been, they haven't given up at all. They just keep coming back and coming back even when they pull back. So, and then I thought, no, it's a little too dangerous here because I've got some, I've got the commodities maybe pulling back oils very close to at least a digestive phase. Maybe we're looking at something that's going to allow the market to breathe a little bit to go up and maybe that's what we need. So I'm just going to say, John, it must be one of the shippers or at least some mention about the shippers. Maybe it's China. I'm not sure exactly what it is, but I don't see any news at all on a single shipper basis. So I think that what we're looking at here is, so the big question for me is, what price are you in at? Are you still comfortable? Are you holding for more of a longer term position? What should you do here? And so I'm going to ask that question. The average price is $25.65 so far. Ah, $25.65. So actually you're just down a little bit, but you've been in it for a very nice move to the upside and went all the way to the 27s, right? Yes. Okay. Is this a most recent purchase or is this going back some time? No, it's recent. Okay. Yeah, because sometimes people say that's it and then I look back and I say, hey, maybe you've been holding it for a year or six months or something. You've sent through a whopper of a decline and now it's come back. Then I give a completely different spiel. My spiel then is you've got to have a stop in if you haven't had one before and you've got to take a gain. If you have even a penny gain after having sent through that horrible scenario, this is very different. So what I'm going to say to you is this, just in terms of money management, because they use, they're coming down together and I don't think it's a one-day thing. It's probably about a two or three-day digestive phase. I'm going to say it's a 2461. I don't want you to check. Was this a position that you just got and then you would see whether or not you're going to hold a short term or long term or whatever it is, or is it you had a specific goal in mind saying, hey, the shippers are in vogue. This is the way we want to be. We want to be in the sector. I'm going to hold it for a while. What was your thinking? Well, it has like three bullish patterns for short-term, mid-term, and long-term. Yes, correct. It's a decent dividend. So it's a place to hold it if you look at the dividends. Okay. So, all right. So if that's the case, then I won't even say to you what I would have said is just for money management, because it actually could pull back full the gap in the 23s and then find a new stable base and then start to move up. If you're prepared to sit through that, I'm not going to mess around at all because the dividend in the end, if you can get this back to the 27s anytime in the next three weeks, then not only are you still being the dividend business, but you've regained, you've recouped, you can now, now you can put in a little bit more of a, you'll know where to put a stop on some part of the position. So how about this? I'm just going to say for money management, when something like this happens, when there was a gain and now there's a little bit of a loss, it's not a loss that I'm, I mean, even if it's, even if it's a half a point or a point, it's still within the three to five percent range. I'm just going to say for money management purposes, I personally would take something off right now and I would say, okay, now I need to be thinking about some kind of stop on another position, and then I'll let it be because I've got a smaller position, but I'm looking out as the area that's been, as I say, it's been one of the key areas, it's gone from a low of 2020, went down to the fours or threes, and now it's way up, it's gone, it's going to be, had a tenfold gain, you'd expect in the monthly chart even to have a bit of a rest, but I think you're right, in the long term, this is to be, so my, if you're calling me to ask me about it, I don't know what the reason is for the pullback, except I did check, they're all coming back down, and because they're all doing it, it's not a single issue, it says to me, maybe we've got a little bit of profit taking going on, and that could last, maybe towards the end of the week, and maybe next week we start up again, if that's kind of fishing with what you're thinking, then I'm going to say 24 to 2330 is kind of the area where I'd be watching closely, because if it starts to trade under that, the timeout could be a bit longer. Now, the big question you should say is, well, Basil, is this going to higher highs, and my answer is absolutely, I don't know, how can we really tell, right? I mean, it's impossible to just say yes, but my eye says all the technicals are still positive enough to for it at least to test the 2728 at some point over the next three to five weeks, so I hope that helps you, but I do recommend just, you didn't ask me about it, but I'm saying my recommendation would be just take a little bit off of money management, just so that you know you're in command of the stock, and it's not in command of you, that's all, but so far all the technicals are good. This looks like it doesn't look like a one-day event because it does this very often, and then it comes back again. So the answer really is that by Tuesday of next week, I want to see it back at 2630 somewhere around there. I hope that helps you. Thank you. Okay, thank you very much for calling. So folks, we've got a bunch of things we've got to talk about. I did do VST, right? VST. I did do that. Yes, I did that. Exxon, I did Exxon. Valeros question, VLO in a new D. It's in a leg E. I don't know what it is in the monthly chart because it's an F slash C, and the monthly chart is in a leg D. I mean these, the real thing which I didn't do, we did have rig and we got out of it. We were up and down, up and down, and trading in a very small range, and I just, I said to myself, I don't know, it's just not acting the way it should, but rig, which is rig is right here, or IG trading up 10 cents at 491. This is trans ocean offshore. We're messing around here, and I should have just said, you know what? This is in the area. It's a laggard. It should easily catch up. Some subscribers of mine said, we're holding on. We like this. We did give down your analysis. We don't want to be messed around, and fortunately some people have held on and they've done a, it's a fantastic thing. It's gone from the $4.08 or something that we were in, and here it is trading at hit 501 today. That means it's going to try to, for the 556 level, and what you really need to do on the, on the, on the sector that's in Fugo, the one that's on fire, the one that you really, you just buy it and you hold and you close your eyes and you say, I'm buying at the top today, but the top today could be the bottom for tomorrow. That's the way it is until they get, you get a major sell-off, and we haven't had a clue yet. I think we're getting close to a sell-off, not a major sell-off, but we're getting close to some kind of a digestive phase, and all I can say is metaculpha. I should have held that rig for subscribers, but some people did, but that's not the point. The point is that we don't have it in the portfolio right now. I'll be back in a moment. Down 108, S&P's down only eight. I'll be back and God is wonderful. 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Whether you think the Biotech bull has room to run or has run its course, trade LABU or LABD, Directions Daily S&P Biotech 3x Bull and Bear ETFs. Visit DirectionInvestments.com slash Biotech today. An investor should consider the investment objectives, risks, charges, and expenses of the Direction Chairs carefully before investing. The Prospectus and Summary Prospectus contain this and other information about Direction Chairs. To obtain a Prospectus or Summary Prospectus, please contact Direction Chairs at 866-47675 23. The Prospectus or Summary Prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. Pattern in the Rectangle, going right to or just under the previous major high. It's trading at 41.50 right now. It's starting to stall. It's having a struggle after that big D in the one-minute chart. It needs to hold 41.47, otherwise at 41.45, 200-period moving average becomes a target again. If at any point in for the rest of the day after maybe 2.30, if it's trading anywhere in the 41.63 area, that's great. If it's underneath 41.45, not so great. Let's go to the couple of questions that came in. Look, the USO, evidently thank you in the Tiger YouTube. Was it YouTube there? How old are the inventories? T-minus 7 minutes. And the other inventories are 2.03 million barrel bulls in oil. Okay. So as it stands right now, USO, which is the United States Oil Fund, also in that big gravy cap, that rectangle going towards high highs and high lows, the target would be at some point the last high, which was the monthly chart high of January of 2020 at 106.56. It's trading at 90.19 right now. So that could be a bit of a struggle. And in the weekly chart, the rectangle formation has actually gone higher and it's only a leg C. So that's really very important. Leg D in the daily, leg C, brand new legs. I could call it a C, E slash C. I don't need to. I'll just call it a C for now in the weekly, maybe E slash C. Yeah, E slash C and leg E in the weekly chart, but all the technicals are really strong except the on balance volume says getting a tad overboard. That's the one thing that says, but very strong, the 94% in the stochastic. So there could be a little bit of a pullback at any point. So that's what I want to look at. That was there. Then the question came in right here. SVRA, I'm going backwards, SVRA. So let me explain something to you. It's Friday that I do the technical part of the Chapman Way methodology, but I'll do this right now. You see this, whatever the stock is, SVRA Inc. Must be a biotech because Dan always says biotech. You see this low that was made? The candle of, if you're looking at your own chart, the candle of the 10th of May goes to 106 low, has a higher 116. And it looks like, oh, that should be a leg A. No, you can't get a leg A because you haven't started the right side with a trough. In other words, there has to be a higher low. Only from the 11th of May can you start talking about peaks, because it hasn't made that low bar, cannot be a high bar, except in the Chapman Way instant restart. So here we are, peak A, peak A, uppercase, peak B. And then under it, it has like a little A right there, gray A. And then under it has even another A right there. But it doesn't matter because when it breaks above that 1.40 level, it starts leg C. So today's high 1.47 is the same as yesterday. Let me just double check. I believe it is. So this is still leg C. If it was 1 penny below, 1.47, 1.47. Yeah. So 1.47. Now, if you look at the weekly chart, see the double bottom here, 1.02, 1.02. So this becomes peak A because there's a double bottom here. It didn't take out the left side low. So that becomes A. That becomes uppercase A. This becomes B. That becomes C. And now you're in leg D. But where are you? You're in the cup formation, the dreaded H that became the very successful, remember the Chapman Way, we're looking at the H pattern. And if it does hold the left side low and this starts to move up, then it takes out the left side high of the arch. All of a sudden you're looking at a very positive cup formation. Well, lo and behold, that would say that the target should be, it doesn't have to be, but it should be 1.60, the high of the week and the third of September. So that helps you, Dan. Good eye. Very good. I missed something here. Yeah. So the question came in because I showed deer. So I looked at these in great detail last night because I love the fact that deer has been running well for the gap. I love when the gaps are filled, but you need a lot more time. You need to go from the shorter term to the next level of time frame. So that's just the weekly chart is really what I'm looking at is one thing filling in the gap in the daily chart that gap in the 350s is trading at 360 right now, having hit the 200 period moving average of 368 just yesterday. But I want to see the weekly start to improve tremendously. So deer is lagging. It did the chapter. Look, there it is. There's the stalk leg formation. It went peak A and then it went to B and then it made non-rectangle, but really a beautiful oval pattern. Then it spiked to a higher high. That's the neck. And then the beak went below the trough of the oval pattern and didn't close it, but it went there. And that says when it's done, it has a really good relief rally after the beak is made. And that's what you've just seen. And then you're on your own. So that's deer. But look at canapola. Canapola is a leg A. This is still leg A from the low that was made at 194.04. Unbelievable. 190. So is this, this is what I'm saying that you can't get carried away about the economy as a specific thing. Try to think of all these different, the Vixie, the Bondi, the Goldie, everything's in a different area right now. And same thing. Look, canapola and deer are kind of good. They go together, but one is really more agriculture. The other one is infrastructure, heavy duty. Why on earth would canapola be up 30 points? Up 30 points, that's 27 or something percent in this environment if something good wasn't going on. And it made a lower low. So this is brand new peak B. And this will be a peak C if it goes above, if it goes into the 2, 39, 240 area. And therefore you're starting to make the cup formation. You don't understand how confusing it is. That's the reason why I said to subscribers, let's go generic just for the moment. I know I love certain stocks. I'll talk about them in a moment. But either we've missed the actually decent entry to get a good entry point so that we've got a really big leeway like we have in the Dow where we got the day after the low was made. Our thing is to try always to try to pick out lows. We've done in March six of 2009. We've done many times. March the 23rd of 2020. This is what we're trying to do. But now what we're looking at is, isn't this a mixed picture? Caterpillar, yes, it's a dividend law, but it shouldn't be doing what it's doing right now if this was a recession. And that's what I've said. Think separately. Look at CTAS, Sintas, it's been in a recession. This is overalls, uniforms, rentals, since the high it was made December of 2021. It's been in some form of a recession. Look at the IYT. The transports have been in some form of a recession. And you've got to think of it that semiconductors have been in some form of a recession, not just a pullback, but a recession in their own universe. But the overall market, and I think that's the reason why the dollar is still holding so nicely. The dollar is down three cents now at $1.02.31. But it's holding the other highs because it's telling us that in this environment, there are places that are working hard. There are a lot of places that are working hard. I talked about the brokers when it was a sharpening. 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 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. 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Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating investors. Just need to do a couple of things. So CCI, non-castle called Weeks Towers, it's got that oval pattern right there in the monthly chart. The question was, what would make me bullish about this? It's holding the 200-period moving average right now. It's up $1.16, $1.87, $1.12. I think it's holding very well, but it's stuck in a range. But that range would change if it was able, first of all, on a weekly basis to close above the week of three weeks ago, that was the high of $193.95. But really, if you want to know what would make me very bullish to say it's going to go to leg D by the fall of 2022, I would say any week can close above $199.97 was the high of the week of April 22nd. If it can close above that, I'd say, you know what? It's going to go to leg D in this particular phase. So a couple of things. Gold is trading up at $6.18.58. Try to think of them separately. Look how it gets stuck and can't close above the 200-period moving average. The EUR, USD, look what I mentioned before, the yen, sorry, this is Euro, holding very well. It hasn't gone to a leg D yet, but it's still stuck in the lower range. USD, JPY. You remember I said that this is the one, broke out, leg B, just as a monster move to the upside in the daily chart. So things are rotating through the different sectors, but I'm going to make it as simple as possible. The day's young. We've still got, I think, FedSpeak maybe today, sitting on the 200-period moving average, we're finding that was the target on the downside, $2,407 right now for the VIX index up $0.05. If by $2.30 to $2.45 this afternoon, the VIX is, rather than being up at the $0.2470 or $0.2520, actually is down below $0.2370 and the Dow has come back to just a minus $0.60. I think that this could be a nice ready-into-the-close, still closing down on the Dow for a ready-into-the-close. That's what I'd like to see. Watch the QQQs. It's really important that they have a very strong close today. Have a wonderful day. Stay tuned. And don't forget, Tom O'Brien's show