 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 on Wednesday, the 23rd of February, looking at this candle right here in the monthly chart. It doesn't close Monday. It's Monday. I think it's Monday. Let me just check. Monday. Where does it close Monday at 4 o'clock? Do we take out that low, that's 30 with 3, 150 low before then, or is there some kind of a radiance that says, oh, wow, a save we've got on the monthly chart. All right. Let's get to the numbers. Times up 33 and 33,633. Went all the way to 33,832. Look at all these red candles. Three big red candles. You would expect that today. At least we get a doji candle, a little bit of a green candle after all the selling pressure. Now, let's just go through the technicals, because a couple of people have asked me, subscribers that are looking at the pattern that I've discussed is a lowercase h that can go to a lowercase m. Is there a chance for an m pattern? So first of all, let me go to this chart that I show subscribers every day. This is the dating chart. This is just a pure dating chart with a couple of moving averages, plus my notation, plus my arch patterns, or whatever pattern it is, there's a Chapman inside the check repellent zone. Here is the same chart. This time I've got the MAGD and the stochastic and unbalanced volume. With automated support levels, we were right through 33,792 support yesterday, today that became resistance. It's going to be important to see how we're able to manage any kind of rebound from this stage on, because now the momentum, so it's starting to weaken, it better come in the next 20, 30 minutes when we get a move up 17, if it goes down 35, 34, sorry, 35 or 40 points, that's going to be a negative, and that says, uh-oh, red candle again for the fourth day. But if it manages somehow to turn, and then slowly against this backdrop of negativity start to move higher, I think that the actual break of 32, or test of 33,150 will be delayed as some kind of buying comes in, at least short of term. The 120, so this is the 120 minute chart on the right. The other MAGD is very weak, the stochastic said 15%, 16% on the daily chart, the stochastic said 12%, that's very negative. That's the equivalent of seeing it up at 95% or 90% and saying as long as it flattens at 90%, that's a very positive thing. This suggests weakness, and it went right to the 120 minute chart, 14 and 9 period moving averages are kind of combining here at 33,857, and that was pretty much the high. Now we're pulling back, and now it's down 17. So we can be watching this very, very closely, we want to be looking also at, here we go. The weekly chart says this, a very sharp, I don't usually like these unless they reverse immediately, immediately meaning as they're making some kind of a low, the propellant side of it just takes off, and we haven't got that at all. In the weekly chart, this is a narrow dreaded H pattern, and that makes it 32,150 level, really key to be monitoring, and as I say, that monthly chart sitting on the 14 period moving average right now, not a good sign at the moment. Now let's go to the S&P, S&P will start backwards, we'll go to the monthly chart, monthly chart sitting on the 14 period moving average for a second time, but it hasn't taken off the 42,20,262 level of the 24th, the weekly chart, there's the same pattern that I call that narrow dreaded H pattern, just like a single leg up, and then it fails, is it going to continue low, or we don't know, the MACD's week, SCASTIC's week, the on balance volume is weak, and the nine went under the 14, so there isn't any real technical strength there other than to get one of these flurries to the upside, we've seen, since Sunday at night, we've seen how many flurries to the upside fail, and then go really negative, I'm wondering if today that pattern is a little bit of a fake out, because at some point there is some kind of a buying coming in, we'll see very, very soon at 43, it needs to hold 4,300, it's at 4,306 right now, the S&P, the short term is going to be what we're monitoring, the QQQ, now it's going to be interesting because the QQQ has just been decimated, I mean, what a move from 368 a couple of months ago to a low of the 334 level, doesn't sound like much, that's a 10%, 11% correction, but some of the stocks within it have been absolutely brutally beaten up, this is down 20 cents at 337.90 at the low of the day, here's it's doji, long-legged doji candle, we held, it's unbelievable, 334.15 on the 24th of January, running all the way to 370, that's at 36 points, about a 10% rally or more, and then it comes back down, and what does it do yesterday, it goes right to 334.35, 20 cents above that left side low, will it take it out today, this is a big moment, now let's go on, we've got, let me get to this, IWM, IWM is the Russell 2000, hasn't gone to yesterday's low yet, it's up only 10 cents at 196.83, but most importantly, at 196, at 6 points above the 190.60 low that was made on the 24th, so the big question is, and a number of people ask me, wait, are we going to be looking at the IWM as a potential, this is the small caps, the Russell 2000, as a potential, look at this on the weekly chart, underneath the nine-period moving average, which is pink, underneath the 14, which is at 208, so 204 to 208, you've got your two moving averages and resistance, and most importantly, what we're looking at is, the weekly is not a great chart, neither is the monthly, but with the daily holding so well, it's saying there are some signs that you could get a rotation that perhaps includes, on the one hand, some of the really absolutely smashed tech stocks, just as a counter-train relief rally, but the 2000 Russell small caps actually starts to rally a little bit better, that's something we're watching, no positions yet, most importantly, we did take some positions in indexes, rather than specific stocks, we do have our stock selection, just we've narrowed it down, we've raised a lot of cash, I want to be able to experiment just to a certain extent, not that I want to experiment with my subscribers money, because this is something that I'm looking at in a very technical and practical sense that says, right at this particular point, if ever there was a chance to move above the left side arch in the dreaded H pattern without breaking into the dreaded H, meaning you plunge below the left side low, with all of these indices, not missing the futures, but all of the indices themselves, the cash indices holding so well, right here it would be a surprise to the market a pleasure surprise actually, if we're looking at some semblance of initial buying just starting to creep in here and holding, that's the most important thing, holding and we'll just grab the VIX index as we're going to the break and the VIX index is still up, it's up three cents at 28.84, if it takes out 3204, the double top that occurred over the last week at any stage doesn't have to close, it just takes it out, this market will definitely catch up, I'll be back in a moment, thank you Shazawa. 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At TFNN, you'll get advice and guidance from THE authority in technical market analysis, and it's not just dry tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 am to 4.00 pm Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. I had a question in the dent and I thought I'd just grab the chart. I'll talk about it right now, though I've got a lineup here of a bunch of questions to come in. So this is OMCL, which is called Omnicell Inc. Now Omnicell, it doesn't look like a biotech company. I should have quickly looked at this in the communications area, let me just do this real quickly. Omnicell Inc. Yeah, let's see. Oh, there it comes with, oh, Enhanced Patient-Centered Care, Improved Quality and Patient Outcomes with Programs from Emmy, Engaged Patients to be Active in Their Health, Learn More About Emmy's Programs. Emmy, okay. Am I right? No, wait. Is that what I'm looking at? No, I'm looking at Emmy Education. That's not what I wanted. Omnicell, wait a minute, does what? Ah, there it is. Now Omnicell is a leading digital transformation of medication management through a powerful combination of advanced automation, pharmacy software, and technology-enabled services, so supported by cloud data platform, okay. So I'm pleased I got to read that because the chart itself did not look like a biotech. This is in the medical, can I call it, instrument, really kind of, it's in that same area, and we just got out of our thermo-fisher after all these years, over a year, we've taken up profit, just we're out of it, we had big profits on the way up, we took a little bit off, a little bit off, and finally I just got out because I don't think that that's starting to work now. So when I'm looking at this, it looks the same, but what I wanted to show you, so the question was, what is the question is, if I can just find it here, there it is. Could I look, just could I look at it, yes. So the pattern I look at on the upside, you know what I normally do, if there's a big move up with a long-legged candle, I grab the outer ends and I just put in a rectangle, that's all, I've got it for Trace Station, maybe some package is done, but you can just shore light the top and light the bottom, that's all. And then what it does is normally what I say is, if there is a move that holds the gap up low, there's a gap down, but a gap up low, then you could in a shorter time frame, in this case a daily chart, see a, like a 120-minute chart, see a move towards, just at, just under, or right on, the high, going to at least four peaks, maybe even five, and then you've got to be careful. And in this case, we've got this gap down, huge gap down, so I'm going to treat this like it's technical Friday, with it with the gap down, 143 round number behind the 15th after the day before making a low of 14717, giving a huge gap, goes all the way down to 120, 119.30, and then bounces the next day into the wick of the, top of the wick of the candle, not the candle itself, the body, but the wick, and then has one, two, three, four, this is the fifth session with lower, lower highs and lower lows. So I thought, okay, this is exactly what I talk about, this is the upside down move of that same pattern, instead of on the upside, I drew the rectangle, and now it's going towards, very close to, so the day's young, close to, right on, or just below, the left side low of that 19, 119 area, and it's a trading at 123.67. Most importantly, what I would say is, after a gap down like this, yes, it's good that it didn't take out the low, but look what it's done. So I would say that this, I would not be, if you're looking at, if you are long, you're looking, I'd say you have to take something off, even if there's a good balance. This is in trouble right now. I wouldn't mess around. You know what you can get? I would take it. That's number one. Number two is, on the upside, it's got so much work to do because that gap down was meaningful because for three, for four, five, this is the fifth session. It hasn't been able to break above that round number high. So I am saying to you, this is, you've got to be very careful of the stock. The monthly chart, this is almost, I have to wait for the month to finish, but this is almost guaranteeing a sell signal. The month, the weekly chart is in a sell mode. The daily chart is somewhere, I'd be really careful, and I'd put it to the same category as I would. Look, this is not quite the same pattern, but it's close. This is Edward's Life Sciences, kind of the same thing. What's CLB? I haven't even looked at that for a while. This is what you call a lab. Yeah, called laboratories. Now, this is a little bit different. Okay, so that doesn't count, but our TMO, ThermoFresher, look what this did. Great date today, nice $12 balance. We're not out of it, but look, it's the same sort of thing. These are having scientific instruments, medical instruments, that equipment. I think we'll be looking at kind of a tough time right now. They will be back a little later, maybe give them a month or two. Good. So now what I'm looking at, I hope I can help you there with that analysis. I just wanted to show you, let me get this chart in the background. So the question came up, Ted Winton and I said, there is a 300 period simple moving average. Do you ever use it? But look at the way the spy has held perfectly. Look, there's the spy. Absolutely correct. When I say perfectly, look at that green line. Look at how it hit it with that Chabemay green Roman candle on the upside from a low. Look how beautiful and then look at yesterday, just perfectly. Is it going to break it? Well, the age pattern says you've got to be careful. There is an opportunity now for that weakness to show with all the technical still weak. So be very careful. Now, the other thing that we're looking at, so I just wanted to show you that's the spy with an S&P cash is the same SPX on X. Oops, where did I type that? I wrote it correctly. There you see exactly. So yes, I like to do whenever people mention something about moving averages or whatever that they use. I like to check it out. And it is valid. But I have to tell you, it was valid for this perfectly. And turns out thermo Fisher was exactly right. But most of the time the 300 I just find that the ones that I use seem to the way you remember, it's not what you use. It's how you use it. If you use something over and over and over, you get to get you become really good at it. So that's what I'm saying. Stay with what works for you if it's good. But be strict about your methodology so that you don't you don't fall for it at any point. You don't change it just to fit what what kind of looks good. Okay, next thing we're looking at here is so that was a question, a question about CVL was that the question? Let me see first one. Okay, do you know what is happening to train companies like NSC? Let's go to NSC. This is Norfolk Southern made a peak G top. Oh, I have this all notated at some point down sharply today down 679 to 251.56. This is what what I was saying before is that we saw the let me do this for you one second. I'm just going to just to show you where we are. Here's your low bar. And you speak to the left side. Yeah. And that would be a peak P peak C peak D and then we eat F. And this is the chapter with double hump in the mag D that extra arch formation. So I'll talk about it when we soon as we get back. But my suspicion is that the rail companies because of the what's happening in all the ports, I think that's starting to affect the market as well. They're sitting on the 200 premium. You having fun trading the markets but having trouble finding like minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and joined the Tiger's Den trading room only at tfnn.com. 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Hi folks so we're looking at the IYT the Transportation Index also making that art formation underneath the 200-peer exponential moving average and that is saying at this particular point not having turned that 200-peer moving average into some kind of a support level that goes with what we're looking at in CSX we're typed into the gen by mistake CSX which is CSX this is the rails and this is I think Brookshire Hathaway has a good position in it look it makes the lowercase h that goes to a lowercase m so this is really a very key moment around because what we're looking at is the strength that I was anticipating was a possibility today at least the start of some kind of a balance towards the upside. I think you need the transportation average to actually get there and that means that in the rails because the CSX of course is part of the rail NSC is part of the rails so this I think has to do more with the the shipping aspect than anything else and if that's the case this is something that we have to respect as an overall negative for the economy if you put it together you know on the news on one of the news channels last night in fact on a few news channels last night just as I was flipping around I just happened to pick up saying if you have a book for the cape you better get to it because one guy a real estate agent said 72% or 78% of the of the inventory we've got is already taken for so I the people are just wanting to get out and that says to me that if you're looking at jets which is the US global jet ETF maybe this is going to be local but maybe at the same time the high gas prices is people won't be flying they'll be driving but at the same time maybe they won't be driving because with the higher gas prices it that's a problem for a lot of people so here I'm looking at the jets which is the US global jet ETF holding pretty well of the most recent those down the 19th area it's a 2179 but something has to happen really quickly for this to show that and we'll put together Disney Disney is also off a slow of 129 on the around about the 24th of Jan ran up to the 150s and here it is at 148 it's kind of struggling it's not really leading the pack but of course I'm treating this as a media company the stock we didn't have we don't have it anymore is six which is six flags entertainment is holding pretty well but it's stuck in a range and it hasn't it's made this peak c1's peak c2 double top it's down 43 and 43 54 52 so I consider this to be much more of a tell because it's a much purer thing it's six flags entertainment corpus outdoor activities entertainment you know got your your fun fairs you've got your all those the equipment that goes with it whether it's the octopus or whatever they have it has the rollercoaster's the works so I'm watching this really closely because if the mark if the general on the 24th earnings come out that is tomorrow I forgot all about that hohoho remind me tomorrow we want maybe it's after the bell I hope it's before the bell but we'll be looking at this Thursday and Friday because this is a big tell for me because if you can start to see six flags entertainment really push into the 48 since the 43 right now 42 61 I would consider that that's a tell to say you know what there is going to be some kind of a comeback and let's watch those stocks and then I think it might lead Disney to the upside although Disney has media as well so it's not a pure play all right I haven't let me let me continue here I got questions about crude oil and certain oil stocks this is to gold first gold is up a dollar at 1908 it made a leg c and outside in this leg c I had the one-to-one extension based on the Chapman methodology it almost went to my first one which is the conservative one right here which was 1920 it went to just under that yesterday pull back if it breaks that the next level of key resistance will be right there one to one to the up here one to one to the upside which is around about 1928 1930 so that's really what I'm looking at and remember I said gold isn't broken out yet I think it's in much more in play than we had thought of before in that it was I called it intraday trading that the bitcoin was really taking the lead now bitcoin I as far as I'm concerned it's done for now at some point it's going to have a really big move to the upside but at this point it's just holding in the lower range and gold is taking its place look gold is actually much better but until gold starts to trade in the 1940s maybe touch 1950 that will be that to me would be a breakout in both the weekly and the monthly chart and that would be really important and then I've got the resistance I don't have to talk about that now we'll see we'll deal with it when we get there I think there will be a leg D and how this leg D holds is going to be really important and what I'm looking at here in the silver to the whole thing is that gold I think is more the icon the gold icon the fear factor icon that geopolitically is it's the go-to place whereas silver is kind of the follower but in this particular instance if silver takes out the high that was made this is great peak A great peak B the stochastic goes over 80 percent that becomes blue and now we've got a leg D to the upside there could be an overlapping way we do that chapter we've overlapping way should I talk about it now I'll talk about it but I'll talk about it very very briefly what happens in a temporary overlapping wave it goes to usually a peak C can do it in B but usually it's a peak C and then all of a sudden the price pulls back and it pulls back quite sharply but it doesn't negate the starting point in this case the starting point was in December at about 2140s and what happens is it starts and it makes underneath it it makes a brand new peak A I call it gray and then a peak B if it goes stochastic goes back over 80 percent I have to say that should be a buy mode going to a D then it goes to oh this is a C oh oh that was a gap because of the holiday I didn't see that so this is interesting so this becomes C now an overlapping wave says that if there is a pullback here underneath the previous high and that high was 24 75 on the 20th of January and then all of a sudden you take and makes a peak C and then it breaks above that and starts leg D you get an overlapping wave that says there's a really good chance you're going to re invigorate or re institute that previous peak C to get an overlapping wave to a D and then it moves up quite sharply and then it comes back and retests the breakout point so this is very positive for for silver right now if this leg C goes above that you have to pick it up immediately as a D because this is the starting point was way lower down so those of you do chapter wave methodology your chapter wave is exactly what i'm talking about otherwise the eyes glaze over like mine where if I was just listening um and um yeah good good luck uh mister at the dock um and when I would be looking at is so that says the transportation index is really important number one the transportation index has a mix of the airlines the rails and the and the truckers why I think is the one that I usually look at for tracking I always use this and someone's gonna tell me no it's not a trucker but I think it is on a gaming core holding towards the recent highs you know what oh I must talk about these trucks when you're up when people coming back from where was it the other day I think it was from New York um there was a point where I said to Mark just look at this we were actually on mass on the mass pike on 90 and I said my wife just got every second vehicle is a truck you can't believe how 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run its course trade labu or labd directions daily s and p biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC 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 let's see so what have we got here we've got oh yeah I can do that it's gonna be tough but I think I can do that question I had here for my engineer so this is what I wanted to show you you know how I talk about these double tops look at this GD is general dynamics aerospace defense security so it goes to a leg D in the data up at about a 220 level and pulls back today the weekly chart is in a leg D and I haven't finished this look at the chat wave inside track repellent zone right there okay so it's in that zone and it's kind of pulled back into it but they break out for a fraction yesterday this is what I'm talking about how do how do whatever the tradeable is how do they treat the tops if they're double tops how do they treat the bottoms and isn't it absolutely incredible that you can go for this amount of time look 2018 March the top is 230 round number high with a chat wave 2 bar reversal and at a peak absolutely little doji and it plummets down to 100 more than cut in half then it rallies back to peak A a little mini A right there then it goes B C and it goes to D within this trend line that I drew the chat wave inside a wedge target resistance line and what was the high 220 let me just get you the exact high 220.10 in leg D in the in the week in the monthly chart and if I take this left side high of 2018 in the March to the low of March of 2020 at 100.55 and I do the plum line right there look at this here's the plum line where's the plum line if you're able to visually see that it could be a halfway marker in a cup formation an arch formation that's what I call the plum line sometimes it's so lopsided you just have to move it you have to choose particular candles I do that I show subscribers what you do especially in my webinars but look at this general dynamics is in leg D it's got one month to go to test the 230 round number high that was made back in 2018 four years ago I just find that so fascinating now look at the beautiful symmetry look at the inverted kind of an inverted head and shoulders bottom anyway enough with that so what I wanted to say is these double tops are really potent how whatever market we're looking at you can deal with it so I wanted to just point that out there was another one I think let me see I think it's mass and this is am I yep this is it Mastercard I should have actually typed in the numbers I forgot to do that Mastercard makes a high recently of 399.92 the high that was made back in 2021 was 401.50 it goes in the 400 area it goes to within two points after all this time after smashing down to the 300s it goes back and to retest that level I there's no other way I can count this is this particular point I suppose I could call it an F but I'm calling it a B and a G in the that's the weekly chart G in the daily chart and look at this it's down four points at 364.15 right now this is very interesting double top how does it treat the double top and that's the reason why I considered that this QQQ it's still the day is young everything's young the 334.15 low that was made on the 24th 334.35 was a little yesterday we're so close we were 336.06 are we going to take it out or is it going to be a sudden turn around the next day or so it could go lower and then turn around but I think we're looking at this as just the potential to say this is where you can expect a chance of some kind of reversal to the upside it doesn't have to happen of course but this is where I anticipate this is where the evidence comes out all right so let's go on to the next thing which is a question about yeah so trucks so what I'm saying is that I saw the figure at some point and I was just in fact let me just type it in right now so while we've got a little bit left and after this particular segment I'll just type it in here and I'll put in how many trucks are on the road in the USA daily and let's just see I know I was absolutely astounded did you mean how many trucks are on the road in the U.S. daily yes that's what I meant how many trucks on the road any time one time 2017-2021 did they give it to me recently trucking statistics these number of vehicles in operation 2021 all right they were just under 284 million vehicles in the third quarter of 2021 but let's see on the road any one time let's just go to 2020 and see what happens says how many semi semi trucks are on the U.S. road the cost they give you everything else but I racked up a hundred thousand I'm not interested in that I'm interested in how many trucks they are all right I can't say because I thought it would be but I was just astounded but I'm not astounded whenever I'm driving and I'm on like 84 or 95 I just I'm astounded 91 I just keep saying wow and actually the funny thing is when we go to New York I don't go to the Merritt Parkway which is so beautiful there in Connecticut they have these beautiful bridges and all I just want to move I'm moving I think where the trucks are that's where you move that's where I go so I have nothing against someone said that Germany truckers you know that's how we and that's how things are moved I'm not you know you can change it but that's the way things are moved and I it's just you got to respect that and I have to I respect you know a truck driving and driving and driving and so it's a tough and crazy drivers I mean you got someone cuts in front of you I just I have a lot of respect for truckers just for the what they do and how they do it that's all so all right let's get back to our story I wanted to go through a couple of things here I was a FXI thank you GT yeah I haven't looked at the FXI for a little while I consider that this is still under pressure this is the Chinese and this is the China I share China large cap ETF is trading down today down just 12 cents and 35 61 but there's the dreaded age I've been talking about this for some time I just I don't see anything in China yet in fact we're having a tough enough time here I just wouldn't be going to anything Chinese at this particular point could be totally wrong so the okay question came up I mentioned I don't know if I put it into my newsletter yesterday I had it already so Crude organized up $1.56 but I had UNG as a buy yesterday and we would have got it UNG I wanted to say you know we have Crude pulls back or whatever is going on even though it's the season of topping for natural gas I see some strength so maybe let's buy it and I put it in buy it here which is at 15 it was 1587 the trading now is 1636 it's actually moving quite nicely I think it's a play right now I don't think it's a play on the winter I think it's not done but it's it's getting close I think it's a play on supply so I'm going to keep my eye on this United States natural gas fund I will be back in a moment down to 79 S&P's down 14 and we've got a lot to discuss 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 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Petersburg, Florida your investment can be anywhere from $100,000 to $500,000 do you want to make $1,000 per year on $100,000 invested or $7,000 per year on a secured target first mortgage the target first mortgage program may be just the program for you the target first mortgage program pays 7% per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 this segment is brought to you by thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com Hi folks, so I just heard Larry's internet Larry Pissemento's internet is out he's going to he just has to wait to see as soon as it comes back on I maybe it's a storm I don't know what it is I'm gonna I'll start his show I'll just continue my show but during his hour and hopefully at any point if he gets back online he'll just give us a yell and say I'm back and he'll just barge in and continue his his show so I'll just keep going for a little while longer thousand fifty nine sbs down 14 had a question about I'll do all the different commodities I've been wanting to do that I missed out today in my show because of the other questions that I had but Halliburton is holding really well it's at 3,180 HALs assembled it's up 34 cents at 3,180 I do have this as a potential PG so there could be a bit of a pull back here so I it's a question about the analysis but I do have it in a leg C in the weekend probably going to be making a peak C by Friday I don't know I'm just saying so I I think that this is still in play Crudall is still in play for a while longer and as I see it I would just I'd be liking up just a tad if you got good profits but I would not be getting out I just you know just lighten up and you can say you know what at 3181 if it drops a little bit under 30 I might be ready to add that back and be ready to put it back or just stay in your position if you had good profits just give it a little more time you know it's the same chart as CVX which is the same you remember I said I think this is a peak F at 139 43 with 1 cent higher double top so it could pull back a little bit but it's still looking really good in the weekly chart and the monthly chart so CVX is holding so keep in mind that that's what we're looking at PSX question about PSX PSX is is that flipped yeah Phillips you see he has a good example of what I'm looking at it's pulled back at recent time 92.06 it's the same category it isn't as strong as any of the others maybe it's a better difference I don't know but an 84 I think it could pull back just a little bit it must hold 82 else it's got a more of a problem this is a little bit not as good a chart back so I'll be back for trade work you see it should be there's time it's obviously not sure but I'll be back to fill in that time