 presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Let's go to Alan Tamp. Hey, Al, what's going on? Oh, it's a beautiful thing. I mean, if your listeners don't get the gold report, they're missing out. I mean, with your gold report, you just print in money. I love it. You're my best dad out there, Al. Let's go to Jeff in New Jersey. Hey, Jeff, what's going on? Great. Hey, listen, I was calling to thank you. A few weeks ago, you were prompting on your show to fill out that $10,000 grant. Yes. So I filled it out. And just a couple of days ago, I found $1,000 in my business checking account. That's awesome, man. That's awesome. Yeah. I owe it to you because if it wasn't for your prompting, I would have just assumed, you know, no way I would have gotten anything. So I wanted to thank you. No, we appreciate you growling a problem. Let us see it. Now, Tom O'Brien. Hi, everyone. Basel Chapman sitting here for Tom O'Brien, the one only Tom O'Brien who's away today. And I'm sitting in. I am here at Tia Fennett. I'm the host of the Tiger Technicians Hour. Every market day, 10 o'clock to 11 o'clock Eastern time. And my service here is the opening call, daily newsletter, and let's just get right to the market. Dowsdown 260 at 35,611. Be warning for a little while. Let me just move this chart. This is the daily chart on the left, weekly in the middle, monthly on the right, and here's a 120-minute chart. Now, what we were looking at is the pullback from the Doji candle, 36,565 on the 8th of November, where there was a spike to the upside and almost an immediate pullback. We were very fortunate at that point to short the dow within 30, 40 points of its all-time high within an hour of the opening, actually within about 20 minutes of the opening. And we took profits on the way down. We weren't able to get just missed getting just got taken out with a stop and didn't get back in. And here it is down to 35,614 level. You can see what our jewelry in here, left side, right side price time match to the 35,490 low that was made around about late October, and it spiraled for about eight sessions to that Doji candle peak F in the Chapman wave, high, all-time high. And you can see the magti, the moving average start to turn down the stochastic. It made an M-shaped pattern and then started to move down the on-balance volume, still showed strength, but it was the Chapman wave notation right there plus the 120-minute chart. They gave me a clue to say, hey, this could in fact be a turnaround and a fairly important turnaround. I'm not saying crash anything. I'm just saying an important turnaround starting with the Dow. And it did, it's worked out in that way. You've almost actually one-to-one to the downside. So in the 120-minute chart, we're getting a little bit close to some kind of support. Let's see what happens over the weekend. We'll talk on Sunday night into Monday morning. Meantime, let's talk about the weekly chart. The weekly chart is going to make an alternate count. I don't want to make this complicated. I am going to say that at any time in this coming week, instead of having a really good bounce to the 35,950, 36,050 level, if in fact there's another pullback, it doesn't have to be a close. Just a pullback that hits 35,300s and goes underneath the 35,369 level that is support, the 14-period exponential moving average support in the weekly, I would have to consider that as an alternate count, P, D, and that now the daily cell mode, which it's in, has increased to at least the cell signal and the Dow weekly. So far, the monthly chart is just acting beautifully. You see these two little trend lines, the green and the red line, that's going. It's what I call the tap and wait, inside track repellent zone. And look how many times we've gotten right to it, not broken out above it. So any move in the latter part of November, the first week of December, that takes out 36,565 on a closing basis would be really good action. I'll talk about how I'm thinking the year will play out to December the 31st, but in the meantime, QQQ helps by just a handful of stocks. It's just amazing how few stocks it is. All time high today at 405.30. Leg D, in the tap weight method, I'll do this. I need to show this for those of you who are not used to anything that I do, although I've been here over 18 years, in the tap weight notation, we try to identify the lowest low bar and then count each successively high peak. It's either at peak A breaking to leg B or B, pulling back and then breaking to leg C where we upgrade from a buy signal to a buy mode. Doesn't matter what it is, whether it's a one-minute chart or whether it's a one-month chart, it's the same principle, it's a fragment or a fractal, gets repeated over and over again in the same format. And that says there should be at least four higher peaks to come, alphabetize them sequentially A, B, C, D. It's at that fourth highest peak that other things can happen. Yeah, we all look on the left, leg D, so we can be watching this really closely, but it could go E, F and G and even recycle. I don't wanna get into that, it's unnecessary right now. What is important is that we say the weekly chart is bumping into the upper trend line resistance right there, and now I can say there's a chance that I could turn this into green, make this red right here, and there's a chap weight inside track repellent zone in the weekly chart that says it's right at the upper end. If in fact it breaks out and closes on a weekly basis about 412, that is really, closes that is. That's eight points, yeah, eight points from here, eight to 10 points from where we are. How that would be fantastic. And the monthly chart has shown no weakness whatsoever, but it is bumping into a very long-term trend line resistance, and it's a peak E in the 120-minute chart. So I'll give parameters to look for in a moment. I wanna finish this before the break. IWM, the Russell 2000, lighted out, been very weak since the 8th of November at 244.46, and now it's trading at 232. I mean, this is a pretty serious pullback in the shorter term. The weekly chart did that peak D that we were looking for, discussed it in detail all week, how rectangle formation can last a lot longer than your patience has gone on from March at 234 down to two weeks later, 207.21, and finally it made that peak D, that leg D is gonna be a peak D this week, going last week to 244.46, and now it's back into the range of the rectangles. One of the patterns we look at all the time based on the Chapman-Wade methodology, and it's a leg D in the monthly. So this is gonna be really important. I do want to go to gold, and I wanna say gold was holding very nicely. This is now completed. I can take this away. This is the oval pattern because it's failed, and now it's turning around. It's got an arch formation, one of the patterns I look at all the time, right there, left side arch, right side arch, and it says if gold is able to get back to 1860, it was 1861, by Tuesday, that's really good. But if it starts at four, that whole 1835 to 1828 area should be good support. And to go with that, we'll look at silver, silver is down some, also made that peak F top in the daily chart. Weekly chart is holding steady, and we're really looking at silver trading between 2535 and 2434 the next couple of days. Crude oil is pulling back very sharply. It's made that top in 25th of October, to 85.41, it's been making lower lows and lower highs. And our main is we'll just do this quickly. The dollar has been fabulous. Dollar has almost made a leg in the daily. I'll be back in a moment. That was Jeff, oh, oh, Brian, this is the Tom O'Brien show, put the crackdowns down 268. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. 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Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. All now, toll free at 1-877-927-6648 internationally at 727-873-7618. Hi everyone, I was lost if I could go a little slower and of course I've got a South African accent even though I've been here for decades and decades and decades, probably a lot longer than some of you've been alive here in America. So all I am saying is that within the context of the markets, we've got a diversion. We've got the IWM, the Russell 2000, very weak. We've got the QQQ, NDX 100 trading vehicle. That's the QQQ series. And we're looking at the trust going to an all-time high at the same time the S&P is just about to go to the all-time high. This is such an important week. And when Tom asked me if I could do the show, I said, wow, the last hour of one of the most important weeks that we've had in a long time, absolutely I'll make time for that. And here we are with, for instance, the SMH, the semiconductor index. Goes to an all-time high today. At this point, there's no other count that I need to use. I'm calling this a leg after the Chapman Wave methodology. It could be an alternate count because there was a Chapman Wave in this cup formation with a left-side, right-side price time at, oh, talking about that. Let me just show you this right now. Left-side, right-side price time. Look at this. It has the one-minute chart of the E-mini. It goes from this low at about 232 in the Eastern Times. And it goes to peak A, peak B, peak C. And what does it do? It goes to peak D. It fails to hit the 200-period moving average, which was before at the peak E. Look at that. How many times it couldn't break above it. And you got the nine and 14-period moving averages holding on then, boom, they turned down and dropped sharply to the 46.95 area. And now it's rallying and rallying. And what did I draw in? Subscribe to people in the den or as soon as we draw this in before three o'clock. That's right here. Going to the dean that I drew in the arch formation. I started drawing in the left-side, right-side price time at one of the techniques of the Chapman Wave. Yes, this is the plumb line right there. That's the midpoint that I chose. And I chose to give this number of bars the same number of bars on the right to make an arch formation that could take out the low of 49, 95, 75. And they would be in the same number of bars. Well, I was wrong. It was one ball late, but there it is. And I took it out and went down to the 46.93 area and now it's trying to bounce. One of the techniques I used, the reason why I brought this up, this was the same type of technique I used for the SMHs. And I said that by about November the 5th to the 8th, there should be a break to the upside where there has been, it went all the way to 3.05, 95. This is a market vector semiconductor ETF. And what does it do? It pulls back and then makes this rectangle formation going back to the high, one, two, three, four, five bars off the low. And boom, yesterday earning fantastic earnings, doji candle. Today it goes even higher and so forth. It looks like it's closed above that doji high of yesterday which makes 364. The key support on any pullback because in this particular pattern, the way I use, I've made my own two candle chart pattern recognition. But the standard one is the doji candle. But my interpretation is, if it closes the very next day or within two days above the doji high after the gap up, after a gap up, that it makes the open and close of that previous day really important support. So that makes around about 3.11, 3.10, very good support. Now we're gonna be watching the SMHs. Why? Because in the weekly chart, there's a single leg up in the monthly chart. It is just a huge breakout. This has been the lead, as I've said, for not months but years. The SMHs, the semiconductors, that's the engine of the economy. The way the SMHs go is generally what the market tends to do. Sometimes the SMHs don't make an all-time high. Then you gotta watch out for some deeper pullback in the market. And sometimes they make them high a little later. And remember, I like to think that major bottoms in the market are made in unison within a day or two of one another. All the indices and key stocks make lows. And then they break to the upside. Topsoil may sometimes sequentially, sometimes it's months, March of 2000, January of 2000 for the Dow, March for the SMHs and for the S&P. That's what you can get. You saw that even in 2007 at the highs. But you made that 2009 low in unison within Friday for the Dow, Monday, the 9th of March for the S&P. So I'm watching this really closely. Why? Because I don't have a sign other than the capway of notation to say that there should be some kind of a pullback here. The MACDs, strong stochastic is very good at 93% in the daily on-balance volume is somewhat overboard. That's one of the clues that says, oops, there could be a bit of a pullback here. The relative strength is not as good as it was at that last peak back at three or five back in early November, but it's still very good. It's rising. So within that context, we've got to watch this very closely, why? Because if on Monday, there is no new high above 314.07 or whatever the high is 35 minutes ago, anything can happen. But let's just say there's no new high then going all the way through to Tuesday. If there's no new high, but instead, there's a close below the low of Thursday. That was yesterday, Thursday, and that was the low of 307.13. Wow, that's five points lower. I don't know what's gonna do that because even applied materials, which was really weak at the early part of the day, is weak again. It had a spectacular rally off the low. It opened at 150.97, spiraled up to 156.40 and now it's gone to a lower low. It's at 150.43 minus 8.31. Another clue that not everything is insane, just like the Dow and IWM are not in sync with the S&P and the QQQ is the NDX100. So we've got the same thing with insectis. And what did it do? It made a 109.00 round number all-time high applied materials, AMAT, AMAT, had an inside day on Wednesday, Thursday, tried to take out the high, tried to try to try to 158.98, pulls back and then gaps down this morning, fills the gap and now coming down even more. These are clues to say not everything is insane. Remember the IWM Russell 2000, this rectangle formation that I was looking at? Well, that's gone on since April the 5th. April the 5th of this year, 146 round number high, it goes all the way down to the 114. Yeah, 114.39 made the 14th. And then what does it do? It rallies and it can't break out. It stays in the rectangle up and down within this beautiful channel, sideways channel, rectangle, and then it breaks out Wednesday. Bam, it breaks out. Thursday, it goes higher. Friday, it goes to another high and now it's pulled back. And the rule of thumb is just like the IWM, although this means it's a tad higher, but it normally says in the rectangle formation, a long sideways rectangle, there's a chance it can break to the upside, but this inside rectangle is so powerful, it's such like a magnet that it's gonna draw the price back in at some point and then you get a test of strength. So that's applied materials. All right, we want to look at the TLT, which is the bonds, Lehman 20th Treasury Bond Fund. Good move up today at 148.22. It is, now what happens very often is when markets become weak and stocks start to pull back, money tends to flow to the safety of bonds. We're gonna be watching this closely. I think I need to talk a little bit more about bonds and interest rates and I had a question about Nvidia a moment ago and absolutely beautiful analysis, Eddie, you've got it exactly right. This is Reg E at a 330 round number high today in... Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex creditor in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our TFNN hosts live during their shows. Interact with other Tigers and Tigers' as they share trading ideas, news analysis and discuss the market action all trading day. 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We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting tfnn.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Hi, folks. Let me just do this one more time here. Just Nvidia, Eddie Simpson, with Charles Almondo, taking the chapter play method. Well, Eddie, look at this one. You're absolutely correct. It's got that rectangle. It broke to the upside. It's the same principle, but a little bit shorter, so it doesn't have the same magnetic effect in the middle there, in the 306 area, 305. Now, this had a round number, 330.00 high, but it's trying to push it. And I would not be surprised if some of the very best, like the Amazons, like the NVIDIAs today, just the stocks that have been on fire get a little bit more buying as some of the fund managers are starting to pull back and take money out of other areas that are not working and wouldn't surprise me at all. This is a spectacular company. If you look to the right here, I love this. You see these notations? You see it says right here, E with a down arrow at 202.76. This is the month of October of 2018. This is exactly where it was. Then it gets split, and that split makes it the equivalent of $73.19 October of 2018. For a percentage move down, it went really sharply down to the 31.12 area. So the brand new move, and my rule of thumb is that spectacular stocks, like an Apple, like a Facebook, like an NVIDIA, like the old days, Goldman Sachs that don't do them anymore, but that have splits eventually, you've got to have patience, but eventually get to a fantastic level that sees, and that's why I often keep in the stock split pre and notation in, because all of a sudden, look at this. You can even see that little circle formed right there. That's a Chapman Wave instance, a restart BD. Look at this, I've got all the notation there for NVIDIA, and it's just so interesting that it happens. All right, so it's leg E in the daily chart. I haven't got any alternate count at this point. The MACD is making the second arch, and that's where you usually start to see some tilting over, a little roll over, that if it's still got time to do, go a little higher before it does that. The stochastic spool back under 80% to 73% on balance volume is good. Okay, so within context, spectacular stock. I mean, it's so easy to look at this and say, she's a little overboard, she should have a digestive phase. Yes, yes, yes, when? We'll see, and the only thing I can say is there is a close next week at any point below 300, a close, below 317, it's a 329 right now. Be careful, I think there's a sideways move going on. And a push into the 340 says, wow, there could be even leadership, single stock leadership in each sector that can take the market a little higher. So good analysis there. Couple of questions came in. Cornel, dip, dip, dip, dip, dip, and that and there. I did it, I did that, I did that, I've done that. Yes, I did that. Basil, AMKR is in leg D, AMKR. AMKR, I used to follow this, I've forgotten what it is right now, I remember the symbol, oh, that's anchor technology. Amcore technology. A peak ED, a D in the monthly chart, leg A, B, C, no, it has to start from here. The weekly chart is pulling back quite sharply and the data has gone to peak A, peak B, peak C, and leg D. Absolutely correct, that's the question. Couple sources, you filled the gap from 10-11. Do you see it going higher? I love the fact that today in a kind of a mixed market, it's up 44 cents. So my immediate thing as many of you know who see my work, I just grabbed the left side higher right there at about 26. I pulled back to the lows in the 21s, I drag it across, and then I say, is there a cup formation? Yes, there's a cup formation, grab that, make the lows, go to the right. I look at it and I say, was there a Chapman Wave instant, sorry, a Chapman Wave, left side, right side, price time match in the cup formation using the plumb line? Well, yes, my plumb line, right there, right there to the low, and then it was at a double low. It doesn't matter, yes, it does matter. 21-66 and 21-68, whoa, that was the low. All right, so I've moved it to the right a little bit because it didn't look like it would make it. Let me just do that, and I'll show you exactly what I'm doing, and then I can give you the analysis. See, all of this is relatively, doesn't take much time. After if you're putting a lot of money to work, doesn't it behoove you to take a little time to think about what you're doing? And then what I do is I take a left side low, and I try to, that's above the actual low that started the whole move, and I move it to the right like this, and it gives me my Chapman Wave inside wedge target repellent line, if it's on the way up. It's a target support line on the way down. Look at this, hold tight, yeah, we got it, just fascinating to do this. Look, and there's this line that took that left side low. The actual low was right here at 21.66 on the 26th of October. I did move it, I like to choose a doji candle as the actual preference point for a full-crum move from the left to the right, or pivot line, or I like to call it a plum line in the middle. This is just off the middle. There's your line, and it's got a little bit to go, and it says, there's a chance that by Monday, Tuesday, it could hit this high right here of 26.11. It's at 25.31 right now, but it also says that the mag-D is strong. The stochastic is fabulous at 93%. On balance volume is a tad overboard. So within the next day or two, you should see some kind of a red candle. Doesn't mean to say smash the judges as a red candle. And the other thing is, in a conservative way, I'm looking at this that it could, I could lower the line, no, I can't, because I always have to hit the exactly, and I did. So that just says, if it fails to get you by Monday or Tuesday, and pulls back to the 24.50, holds nicely, and then has another rally, this is by Thanksgiving week. Next week, it's your time for the 26.11 area. So far, very good action. And I'd only go on the daily, the weekly, needs other analysis. I hope that helps you, at least for Amcore. Next question I had was Bubba, B-A-B-A. I'd been warning about these stocks and saying, I certainly, Bubba, I didn't want to touch, Baidu was something different. Baidu, Alibaba was B-A-B-A, Baidu is a Baidu group, was a group of what, Baidu, Inc. This is like, I believe it's like the Google in China. I've been warning about these, saying, yep, you could have a bounce, but be really careful. There's a problem. So the question came up, someone asked me about the Chinese stocks, and all I can say is, we've got so many stocks traded here on the American exchange from America, from some other Netherlands, other countries that have really primed themselves to be of the capitalistic mindset, which is kind of what you want in the capitalistic stock market. I don't know why you want to get out of it. I avoid, subscribers know, I hardly ever go for a Chinese stock, no matter how good it looks. I just don't understand. I mean, they do things that you wouldn't expect at moments you just wouldn't expect. So all I'm saying is be very careful there. I'm sure there's some great companies. I just don't quite understand the mechanism there. Also, there's a way of suddenly focusing on either some group or some stock and saying, hey, we don't like, this is China speaking, we don't like the way you're doing business, and we don't like the way you talk to us. Watch out, and boy, when you watch out, that's what happened to Baidu. Man, look at that. I mean, B-A-B-A, not B-A-B, B-A-B-A. Whoa, time flies when you do the afternoon show. Basil Chap is singing for the one and only Tom O'Brien. Anybody here, Tom and Tommy, the little junior, junior, junior, Tom and Nissy, this morning, the great show, Tommy Jr. with his kid, and how he managed to go a whole hour with a child that nine months old was amazing. I'll be back in a moment, down's down 258, S&P's down 5,000, Chapman, be right there. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate, LLC, is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. 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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. At 1-877-927-6648, internationally. At 727-873-7618. I'm O'Brien. Hi, folks, we're back, and look, there's another arch formation. I'm all about patterns, and the major patterns are straight up and straight down. Look straight up and straight down. Cup formation, arch formation, or a combo one and two, which should be green, going up and retesting the high. What happens if you go above that high? And the H formation called the dreaded H because it can go much lower. What happens when you test that left side low? And here we are. We're gonna see what happens. We broke that left side low, and three bars later, wasn't able to go. And that puts a limit on the upside. You can see, in fact, I'm really thinking now, I'd love to do another one of my all day webinars where we go throughout the day with a different time frame. Let's go to Mark in Fort Collins. Mark, how are you? Hey, get to talk to me again today. It's my day off, so I thought I'd call you. Another time. Hey, I'm looking at the UUUU. I've been in it before, had a nice profit, got out, missed, probably lost, didn't lose a point, but I missed out on a point on the upside. I got out in there, maybe a half a point, got out in the high tens, and it went into the kind of mid to low 11s. And I'm looking for a rebuy. It's looking like it's doing a one to one down on the daily. The weekly looks like it's only in a peak B, and then the monthly looks like it's already made a D or more. So let me know what you think. So what we're looking at, so folks, Mark is just the latest one he's talking about is in the Chapman Wave Notation. We're gonna have to get into that. We're looking at the bigger picture. So if you're looking at UUU, which is energy fuels in uranium, the uranium is still kind of fantastic. We'll look at this. You guys from 0.78, 78 cents, in March of 2020 to a high of over 11. I mean, that's a nice gain. This is in the materials. So let's see what happens here. We've got a churn line right there. My target just based on the expanding wedge. This is the exact opposite of the Chapman Wave Falling Exformation. This is the expanding formation. This is almost the upside down one that we're looking at. Says that if there is a break, having gone all the way to a peak F, if there is a break of the 50 period moving air, which all this churn line, and I'll give you the numbers here, of 844 over the next three, four days, even if it bounces, it doesn't matter. If it keeps coming back down, then that weekly chart might be changing some. We're looking at, based on the technicals, it looks like uranium will get another bounce, another bounce, I should say, another favorable buying phase. I don't think it's yet, when you've had such a big move in something like one of the metals or some kind of one of the commodities, usually you have quite a bit of a digestive phase. And I think that you're right in holding off. But what I would do is I'd rather look for a pattern of maybe over a week, a pattern where it suddenly stops and then it makes a trading band and the trading band is within about 57, maybe 63 cents, just goes up and down and up and down without making significant lower lows, but it's trying to form a base. If it does that, give me a yell, we'll have a look at this together and it might be where it's starting to take off again. But this is one ugly candle in the weekly and if it closes underneath the low of this week, so far that is at 912, if it closes under that next week, you already have to wait. So those are the parameters. If there's a bounce, it has to bounce to the 11th, third, 30, no, the 10th, 30th area and hold. And then I think that's good action. Let's see what happens. Oh, that helps you. Yeah, it does. It looks like on the daily, it's doing a one-to-one down because it broke the left side. Correct. Volume and that would take it to 795 if you did a one-to-one. That's right. And that could be the, the Chapman Wave, Eiffel Tower, straight up and straight down. If it does it without any breathers to the upside. Yes. So just give it a little time. It's had a good move. And this is a good start. Just hold off energy fuels in uranium. Thank you so much for calling out a great weekend. So folks, let me just do this. I saw what I would do is, let me do, I did a, I was a guest speaker at the Boston Investors Group. I think it was a Tuesday, Wednesday, Tuesday. I had Tuesday and I thought I was kind of, I was happy with what I did in terms of not getting too involved with exact price points, but just to give you the picture. And the picture says, look, if we are going through, we've gone through the COVID phase. Now we're going through another phase where there's been, where the virus has, the core of the virus has been taken care of to a very large extent in the United States. But then you get that residual and that residual is really the part that we've got to really think about in terms of what is it doing to the economy? Well, if you look at RCL, which is Royal Caribbean Corporation or Caribbean Corporation Cruise Lines, the card stored in the monthly chart of the spectacular fall from the 130s down to 20. I mean, really. And then it ratted sharply up to the 100, almost 100. And then it gets stuck in the range between 70 and 100. Well, it's gone to a peak D in the weekly chart. There's a cell mode in the weekly chart right now, based on the close in another 15 months or so. There's an Eiffel Tower straight up, straight down, failure pattern at a peak A. Looks like an uppercase A in the data. So this is, I mean, this is on the hopes of everything coming back and people traveling again. This is really not such a good sign. Look at Jets, which is the... Jets is the US Global Jets ETF. This is the United States Airlines, right? It's an airline index, the United States Airlines. Eiffel Tower straight up, straight down, uppercase A pattern, and it's down to the 22 level off the day, hitting 2,179. It was just at 25s the other day. And now it's, this is not a good sign. This is saying, be careful. It could be what the high grade copper is saying, maybe internationally, that maybe there's a little bit of a slow down internationally, because copper is kind of a barometer for world economies. Look at the wood, which is the ICHA's Global Timber and Forest Street ETF, stuck at the bottom of the range. Spectacular, all down high, way back 98.98. May of 15th, the week of May of 15th, pulls back pretty sharply to the 83s. Bounces very well, but all stuck in a range. That's saying, world wide, Timber and Forest Street ETF, maybe there's a bit of a slow down here. And yet you've got the IYT, which is a transportation index, kind of based on like CSX, Rails, Y, the trucking. You've got a lot of things working well, except maybe the airlines in the sector, just like we saw the divergence between applied materials, say, and Nvidia. So you've got a divergence between the airlines slowing down, but the working horse, that's the trucking and the rails, have been very good. Look at this, 287.40 all-time high in the IYT, the transportation index back in May, plummets down to the 240s, rallies back to 281. So I had a question come in a little while ago, oh, did I write it down or didn't I? I did write it down, didn't I? Please, please, please. Double tops. Oh, no, I forgot to write what it was. Exact double tops. Oh, anyway, so I wanted to show you how markets can go back to almost exactly the same price point, even after severe pullbacks and a huge time lapse. What about the IYT? But the IYR, there may I go to the IYR? The IYR is in fact the REITS index. Yep, there is, 111 was the high back two and a half weeks ago, but you go back to September, it was 111.44. It pulls all the way back to 101 and bounces back in the V-shaped pattern, then stalls at 111.47 within pennies of the previous high. And that just says to you, there are resistance levels you can monitor, and that's what I want to talk about. 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Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to tfnn.com and hit Watch Tiger TV. That's tfnn.com and hit Watch Tiger TV. Hi, folks, we're back. Final segment, let me just do this real quickly. I wanna talk to you quickly, but I'll say what I want in brief time. The XLF, the S&P Financial Spider Fund made a hire 40.86 on October the 26th, making lower lows and lower highs. That's how you decide whether the thing's in a buy mode or a sell mode. And this is in a sell mode. That's the dating. The weekly chart is still holding pretty well those tests in the 14 period moving areas you'll know a lot more Monday or Tuesday. Now, make it simple. If yields are able to rally, that means that bonds start to pull back instead of rallying them. Rallying makes the yields lower. If in fact, what we see is that yields money instead of flowing from the equities that are a little bit volatile, selling that is, goes into the safety of bonds that makes bonds rise. That makes the yields come down. But if at any point for the XLF to really work again, you want to see yields go higher and bonds come down. So this is now a digestive phase in the XLF. So just be careful. Let's go on. What I want you to say is within the SMHs, there is something that says maybe we're forming a top. We won't know that for subscribers to my opening call. We've taken some positions today are very, we've never done, well, no, we haven't done this. We've done this in one particular area for the first time in quite a while. Another area we had success in this. I don't know if it's going to work, but in fact, we have over the last two weeks start or three weeks started the shorting and taking profits in our long positions, taking nice gains off, just trying to build up a cash position. I'm not saying it's the end of the world. I'm saying there's a consolidation that's going on here. You've got to respect it. It's in certain areas. It's not in others. If you're in the area that's pulling back, just do a little whittling, take a little cash off. It's always great to have cash around for it. There's always a sudden surprise to the downside. You want money to be able to get in. So that's all I'm saying just, and I'm going daily charts and the daily charts are what I'm working at and only when the weekly charts start to weaken do you get a deeper consolidation. Now what's the VIX index? So whatever starts trading above 20, that says be real careful. Holding at the close above 20, then you've got to be careful. Have a wonderful weekend, check out my opening call, my daily newsletter, and thank you to General Brine for letting me sit in. Have a wonderful weekend. I'll see you Monday, regular time for my show, 10 o'clock to 11. Have a wonderful weekend. Thanks.