 The following is a presentation of TFNN, the TFNN Bull Bear Trading Hour, every trading day live at 10 a.m. Eastern. Call now toll-free at 877-927-6648 or internationally at 727-873-7618, the TFNN Bull Bear Trading Hour. Now, Tommy and Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN headquarters in St. Petersburg, Florida, and I am fortunate to be joined this morning by our man, Basil Chapman, filling in for Tom. Basil, good morning. You forgot to say up in cold Massachusetts. Well, you know, it's a little cool by Florida standards in Florida, but that's only meaning it was about 62 degrees when I woke up. It's probably 70 by now. But I heard, what do we got going on up in beautiful Massachusetts this morning for cold, Basil? Yeah, it's actually not too bad, but we are on our way towards winter, there's no question about it. How are you doing? I'm doing fantastic, man. For Florida, we enjoy that cool air, and like you said, I mean, you guys are in November, right? It's all but to be expected in November, especially, you might get a little warmth, you might get a little snow, that's for sure. The markets, we got a little red to start things off from Monday trading. The Dow right now off 100 points flat at 27,580, S&Ps off 11 points, 3,082, Nasdaq off 36 points trading at 84,39, and Russell off about 7 points. All the indices right at around 4 tenths percent in the red. We got the VIX with a little bit of elevation this morning, and commodities as well, Basil. Now of course, we got the bonds closed for Veterans Day. Happy Veterans, all the veterans out there that served, thank you for your service. So bonds closed, markets open, a little bit of slower activity possibly in the market with that holiday. Some schools closed, we have school vacations I know on some, crude oil catching quite a bit right now in the last hour, back above $57, $57.14. We got the gold contract pulling back actually at $14.58 right now, quite a tough week for gold last week, and jumping over to the markets real briefly, S&Ps catching a little bit of a bid at about $9.45, pretty tight trading range, all things considered from about $3,078 up to $3,082, and then you look at the Nasdaq 100. Again, we got a little bit of a spike lower just after the opening bill, but we're kind of right back where we were trading since about 4 a.m., and Dow 30, pretty similar territory. We got some action going over in Hong Kong, unfortunately, with the protests over there. One of the protesters, I believe, had died. We have another fire going on, so that's some unrest. The market's getting hit over there, and then I got to start it off with Basil. I referenced it at the top of the newscast. These numbers are beginning to be staggering. They're staggering already when you deal with the U.S. in terms of what Amazon puts out, but when Alibaba has their sales days and they get to encompass China and the billions of people they have, $30 billion, and that's U.S. dollars in sales in 24 hours for their singles day, that happens on 11-11, they call it double 11-day, I guess, as they're as well. We were talking about last year, it was 213 billion won, and it looks like this year they've surpassed that record, and they're at $30.5 billion on Monday afternoon, and it's going to keep rising through the rest of the day, and this is the 11th edition of that singles event, also called Double 11 Shopping Festival, because it falls on 11-11. Pretty remarkable. I should also mention, Tommy, that if you look at Alibaba, it made a high back in 2018, back in June, so that's prior to the last 11-11, so it made an all-time high of 211.70. During that last couple of months' plunge in 2018, they get down to 130, but it then rallied very sharply into the 190, I think it was 197, a 195 area in May, fall back again down to the 148th, trying to rally, and this is very interesting, because it is down about five points today at 182.33, so I don't know whether there's a disappointment because it's not as good as everyone thought, but I'm just, I'm rather intrigued at the fact that these are absolutely, as you mentioned, staggering numbers. I mean, we're talking about in a day, it's probably the gross national product of at least 100 countries, right? Right. I mean, just it's almost incomprehensible, you know, it's something you almost can't even understand when you talk about that many dollars, 30 billion in 24 hours, yeah. Right, so I'm just saying that this is a peak day in the Chapman Way right now, in the day to day, it's probably a peak day if there's no new recovery high above the high of last week, which is 188.28, and in the monthly chart, it's just kind of in the middle of the rain, so I don't know what people are expecting, because these are absolutely astounding numbers. And I believe, you know, part of what maybe happened in Basilis Day, I believe there are reports out there that the Hong Kong police had shot a protester in the city, and they're still dealing with another death out there, so I think it's a little bit, because I agree, I mean, you know, now, number one, that's going to be priced in, I think the market knew that they were going to have a banner day, right? Probably a record-breaking day, so nothing too surprising. When you look at the chart, though, and I got it up on a short time frame, quite a little acceleration, even off the opening bell. We were just at 184, you spiked down to 181 range. We're sitting down 2.5% on a day that they are grossing $30 billion, but the unrest in Hong Kong, you have protesters again out there, you have police shooting a protester, and I believe- Maybe looking out, right? Yeah, and I believe you had somebody, I mean, I'm going to pull up a headline and just even an image- I wasn't sure they died, but I know that there was a shooting. Yeah, and there was a death, what happened was last week, so they were grieving that death of a protester, I guess, falling off a parking garage, and then you had somebody getting shot, though, in the reports of somebody on fire as well, and the imagery is pretty inflammatory. And so I think the market just fearing that they're not sure how that's going to end, and of course, any type of really unrest in China, that's where their market is in Alibaba, so maybe that just pulling back that stock a bit down 2.5% on the day so far. And our Amazon here is also kind of struggling, 2000-50 high back in September of 2018, plunges to 1307, soars back to 2035, just what, 15 points off the all-time high, but then fails again, July comes back down, goes to the under 1700, now straightening down 15th, 1769. I think a lot of these stocks are looking tired. They've had, certainly the ones that have led like the deep circles like the United Technologies, etc. They've had a fabulous run off the recent lows, so I wouldn't be surprised if there's a digestive phase coming up here. Yeah, I mean, Amazon, right with their last earnings, you could call it almost a little bit of a miss. That's where you got quite a flush down, I'll put their chart in the aftermarket. But Amazon, I mean, it's tough to argue that they're not going to be around for the long haul, that they're not going to be making highs in the long run. And, you know, one of the major reasons that they had, let me get closer timeframe, because really, they flushed down pre-market on their earnings. One of the reasons why they struggled so much, and there it is, down to about 1620, which is remarkable, and by, you know, the closing next day, you're back to almost even at 1760. One of the reasons why they had had that miss on earnings was because they're spending so much money to have same-day delivery, which seems like one of the best things that you could spend money on in today's climate, where people demand products now, if not in 15 minutes, right? I mean, same day. And they pioneered it when they started Prime, and they had free two-day delivery, and I think they realized that that is the forefront of their technology in terms of being a deliverer of goods in a timely fashion at an affordable price. And so they're ahead of the curve there, so I think the market figured that out within 24 hours. And tell me, once people get used to this, you can't really go back. I agree, Bas-Lud. You can only accelerate. I agree completely, you know. And we're fortunate we live in Tampa, as in they have a big hub. I have friends that live a little bit further out, just even Lakeland and Bartow, which is a little bit further east of Tampa. You're only talking about 30, 45 minutes, but there's a one-day difference in the day that they can have their products delivered right now, just because you're a little bit away. And Amazon, they're spending money to fix that problem, exactly. Folks, Bas-Lud and I are coming right back. We'll be back in three minutes. Stay tuned. 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. 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Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive The Tiger's Den absolutely free for 30 days, and greatly enrich your knowledge of these markets and how to make your money work for you. Details on The Tiger's Den on the front page of tfnn.com. Whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions, we even have new pricing in six months and yearly options. Check out the new tfnn.com now and experience all the upgrades. tfnn.com educating investors. Call now toll free at 1-877-927-6648 internationally at 727-873-7618 Back folks, Tommy O'Brien joined by Basil Chapman this morning. We've got markets slightly in the red right now. And I'm going to jump over Basil if I can to one of the stocks making headlines last week, and that being Uber, their 180 day period expiring from their IPO. And man, it just doesn't end in terms of the intriguing stories you could say that come. So the news comes out just this morning that their former CEO and founder, Travis Kalanick, sells 20% of his stake right after the Uber lock up. You're talking about more than half of a billion dollars he took out of that company, 43 year olds selling more than 20 million shares. If you're paying attention to the market in Uber last week, quite a tough market for Uber, part of that having to do with the volume of shares going on, as insiders were basically able to dump any shares, the entire lock up going away. And it's not often, Basil, that you see the founder and chief executive dumping a half a billion dollars of his position the day that he's allowed to to the public. Yeah, very often you see because there's financial playing that goes into the process when the lock up expires, some money comes off because just what you do, money management, dumping, that's a lot. That's not very enticing. Oh man, and we were just at $34.60 seven days ago, Basil, and we're sitting at $26. That's more than a 20% haircut from there. And if you back this up, I think it went public. The high was $46. Yeah, $47. And I think the IPO price was $45, just a remarkable collapse. The only other thing, you play devil's advocate that you could play, and I really don't even want to because I'd be very skeptical of this price. Now Uber in the long run, they're going to be around, all right? They almost, you could say, change the world in terms of how we travel, but he is no longer the CEO. So he kind of got forced out. Maybe he says, you know what, I don't want my entire wealth tied up in a company that I don't even get to run anymore. That could be part of the play. But man, oh man, if you believe in the company, you wouldn't take $500 million out because you can always borrow against your shares. It's not like you're not liquid cash when you have it. So he's diversifying away from that company, and that just keeps going. And staying on the Uber headline because they're current CEO making headlines, he is not earning any praise this morning either. As I guess he had said pretty lightly about the murder of the journalist Khashoggi by the Saudi family, and he dubbed it a quote unquote mistake. And he's walking back those comments, but the fact that both of them in the headlines today, after the battle that they had last week with those shares, probably not the Monday morning they were looking for after their lock up expired Uber struggling this morning as well, down another 2% to start off Monday trading. Last week's low 2558, that was the morning of the lock up. And we're just coming about a dollar into that. So as we have a call, we're going to jump over to Scott in Safety Harbor. Scott, good morning. Hey, good morning, guys. I'm trying to figure out Macy's. I mean, we're elsewhere and had a pop the other day, I thought it would move Macy's out of the 15s, but it's not. It's just stalled. I mean, we're coming up on season and it's just what's going on there, Tom. Boy, oh boy, Macy's. Lots of fundamentally to look at there, right, Scott, in terms of technically as well. We are coming into, I mean, Black Friday right around the corner. Just pulling up right now, Macy's up a bit, up two pennies for the day 1590. We had some volatility even in the last week, huh, Scott? We're up to 1683. Last Wednesday, you fade down. We made a low on Friday of 1560. You back this up and put it on a little bit of a longer timeframe for some reference, man, and talk about volatility. Three year chart. We're trading at $45 back in 2016. You make it down to $17 in 2017. You make it all the way back above $40 in August of last year, and then it's been basically a collapse down to 1593. Down to 14.11, yes. But Scott, there's a couple of things you need to look at. Number one is in that whole retail sector, Macy's for years was a really outstanding performer. They went all the way to the July 2015 high in 17361, having just steadily gone up, just like a channel on the way up, and walking the 14 period, moving average just on the monthly chart, going all the way from the low that was established back in 2009 in the nine area. So that was a very big move. But then every single thing, we were just talking about Amazon, every single thing changed for them. So I think it's now a different picture because they're in a weak sector, that's the bricks and mortar retail, they're in a weak, in the terms of the chart formation, the smash, just the most latest smash of the 40s down to 14. So there's a rectangle formation that if you look at between 14 and 17 in the weekly chart, and that just basically says it could stay there a little longer, there could be pops to the upside. It's also trying to establish the 14 to 14, 35, 14, 50 area as a very important base for Macy's. But if you look at a Walmart, if you're looking at the Target, they've been very much involved in the online aspect, and they're competing now very favorably with Amazon. Where's Macy's? Macy's isn't in the picture. So I'd be a little careful here because it doesn't have, there isn't a story attached to it that I can see that could really ignite it to become a leader. But at any point in the next three weeks, if it happens to pop over 18, maybe there'll be the holiday sales, maybe things will be improving. But I'd be a little careful with this other than quick trades, because it's stuck in that range at the bottom of the rectangle. I mean, that's kind of just to add. I think I'll stick with Teva on my trading, but you know how I do, Basil, it's a premium company and it was beaten down. So that's where I usually like to look. But good advice for Macy's, thank you very much. And just if I could add to it, Scott, because it's a great question, man, I love trying to figure out, because this is one of those where the world is kind of changing, right? Where does Macy's fall into the mix? And I struggle to find it. Now, I have a Macy's card myself, right? So I'm a fan. I get a million mailers from Macy's with the 25% off. It seems like I get the Madnazian, where they're meaningless percentages. Exactly, Basil. I was almost going to bring it up where they send out so many coupons that they've negated any real meaning for their coupons at this point. And does anybody know, could you even tell me right now? I was just thinking this as Basil saying, what kind of delivery service Macy's has on their products? I'm completely unaware. And when you think about that... I agree with you, Tom, 100%. And for me, walking through that store with a wife, and you see with the woman, she's like, you know, nothing pops here anymore. It's just this giant box here, and it's just all black and white. And it's just not... I would agree. And talking about a huge store, right? You can find anything you want in there. I love they have Ralph Lauren in there, great section, which I love. I'm wearing, I think, Ralph Lauren right now. There you go. So, you know, I'm a fan, but boy, oh boy, for the amount of money they charge for the retail space they have to pay for, and you can get... And these are fixed costs. Yes. There's no way they can change it. Whereas online, you can... You know, there are things you can do, but here, after you've got employees, you know, it's tough. It's really tough. I imagine. I mean, their footprint would weaken our knees just their electric bill from Westfield Mall there in Tampa Bay. I mean, it's just got to be, I don't know, $40,000, $50,000 a month or more. And that's the exact one that I'm talking about, Scott, exactly. That's the one that I walk into, and I hear you, man. It's almost like I didn't even realize how much they offer in that store. You could get lost in it. And in today's day and age, you kind of don't need to be paying for that retail. Especially when, like I said, I don't even know. Do they do delivery for free? They might. I'm not sure. Right? They better figure that out. Scott, thanks for the call. Thank you, Tom McCausill. Thank you very much. Thank you, man. Take care. We'll be right back, folks. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter and market insights, then now is a great time to sign up for a 30-day free trial. Every morning by 9.30, I send out my morning letter to subscribers with market commentary on a variety of markets, currencies, and commodities to keep investors up-to-date on the day's trading action. Included in market insights are specific buy and sell recommendations for stocks, ETFs, and even options, which stops and price targets included for every trade in my newsletter. 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Get your copy of The Art of Timing the Trade Chart today by visiting TFNN.com. 105 at $27,575. You get the S&P's eight points in the red, NASDAQ 20 points in the red right now, and Basil, if we could jump over to gold, because gold's struggling again today on the heels of quite a tough week. Last week, you get the gold contract right now, this just even a short-term five-minute bar. Since about even 9.45 this morning, we've dropped about $10 from $14.63, now $14.53 in gold as things get a little dicey for that yellow metal. This is very interesting because if you look at the monthly chart, that spectacular move that basically took it from about, and the continuous contract from about 12.10, and that was July a year ago, just steady incremental move, and then it pulls back, whole support, rally sharply pulls back, and goes all the way to the, well, it's continuous contracts at the price of it changing a little bit between a few dollars of $15.66, which was the last time in September. To expect some kind of a pullback, I have $14.33 as the nine-period moving average support in the monthly chart. I wouldn't be surprised if we get down there, because when you think about it, gold trades in its own world, but basically it's also a currency, I think of it as a currency of fear. At this particular point, there's a relative international calmness, we haven't had the serious worries that were in front-page headlines. So that kind of pushes gold a little bit to the quiet side, and that's what I think is, now it's just a big digestive phase. I mean, that's a spectacular move. You can't not expect that there's a, it's taking time actually when you think, $15.66 down to $14.54, and it's been there since, did I say it was in April, in September? Yes, September, it's taken in the weekly chart, you can see it's taken time slightly lower high, slightly lower lows, it's going to be very important, because if that $14.30 area gets taken out on a monthly basis, that says gold is going to take an even deeper and longer time out. So far, I'm treating it just as a kind of a rest period off the spectacular move. And like you said, I mean, just a staggering run, anytime you're looking at a run of that epic proportion, and even just backing things up, I have the GLD up here, but even just putting, and I'm going to show, I just want to pull up the, what's going to put, I'll get it up there, I was just going to put the Fibonacci retracement, I mean, it was just such a staggering run, Basil, you know, you have to expect it, and that's where, you know, market at all time highs, we've had almost a 10-year run, we're coming into an election year, 12 months out from the election, you just want to keep your, keep those spikes up on the shoulders, because gold pulling back as well, but you can't expect that it's just going to go up forever. I mean, you look from May, and the GLD, we're sitting at 120, and you run up to 146, we're now back to 136, not too remarkable. And what I am looking at is that the market vectors, which kind of in a way led the move up, it was funny because the gold stocks were acting way better, and then gold kind of followed, and silver was kind of dragged up. Now I'm looking at the GDX, the market vectors, gold miners, ETF, pulling back a little bit, and it's a 26-21, had a high of 30.96. We've got to keep in mind that it came from the 17s in September of 2018. This is just over a year, it's a big move for gold. So, yeah, I think there's a well-earned rest period, that's what I'm looking at here. Yeah. Now, I just want to jump around a couple of different of the other stocks flying right now, Basil jumping over. Walgreens Boots, pretty remarkable, the size of the company, that they may be going private to pull them over. So we have a formal offer, I'm going to drill this down from KKR. This morning, I believe, quite a spike on Walgreens Boots, up about 6.23%, or $3.68. Not quite to where we were last week when this started to get reported, but I'm going to pull up the news article right now that I have this morning. And you got, let me just find this one. We'll get there. I just want to get the exact number. Now, obviously the healthcare sector, let me talk about a sector rich in profits right now, KKR thinking that Walgreens is undervalued. So Walgreens jumping 5% on Monday after Bloomberg reported that the private equity firm KKR has formally made an offer to buy the international pharmacy giant, setting people familiar. Walgreens has been weighing whether to take the company private in what would be the largest leveraged buyout in history. So KKR has a history with the retailer in 2007. It bought Alliance Boots in partnership with Stefano Pesina, then the executive chairman of Alliance Boots, and pretty remarkable that that size of the company, $60, $70 billion, I think that number is going to be, that they might take that private, seeing it undervalued. But Walgreens, man, there's one on every corner, there's a CVS on the other, and maybe they're saying that they should be capitalizing on that type of a market a little bit bigger than they are already. Think about this, Walgreens was back in 2015, was at 96, I think it was 97.27 was the high in July of 2015, and then I believe they took over Boots. Yes. So ever since then it's been on its way down, and I'm, on the one hand I'm very impressed, on the other hand I'm kind of astounded. Can you imagine the decisions you have to make to be able to put that kind of money to work with not really knowing what's going to happen politically, just financialness, the commitment to put that kind of money to work? On the one hand you've got to admire these people, on the other hand you have to say, wow, what responsibility is that? Big risks, hoping for big rewards probably, right? I mean that would be the essence. Either have to be, but I think also they're looking at the field and they obviously expect that the field is going to grow and if they aren't the leaders in that field or up with the biggest, they will lose an edge. And this is what they are forced to do. If they're forced to do it, that's very different to saying, you know, we've been planning for years to take over whatever it is, and now we've implemented our plan. This is, you know, if they're being pushed into it, it's, you can see that the boots thing so far is a mistake because it's gone to lower lows. So we'll see what happens. I'm just thinking of the responsibility for the people involved. And can you imagine making those decisions? Oh, remarkable for sure. And you look at, I mean, even like CVS, right? They're not even at all-time highs right now as well. They were up at $84. And then they were with ECNA, remember? Yes. So things are changing. They made it down that CVS was just to $51 as of this calendar year back in May and quite a run now up to $72. So maybe, you know, KKR saying, hey, you know, we got CVS almost doubling 50% from that time. And you haven't seen that quite a high of appreciation because you had Walgreens boots trading at 49. And it really didn't get that type of a pop until this news broke where it was trading about 57 maybe last week, even as recently as October 21st. You were trading at $54. Look at this monthly chart at exactly the same time. CVS, Pharmacy and Drug Stores all over the show, it makes a high in July of 2015. It's got what I call the Chapman Wave, two bar reversal that goes from 113.65 in July to a couple of pennies lower, $13.58 in August. And that was it. And it comes down, there's a pattern that I always talk about. It's called the Chapman Wave, Roman Candle. When you start to trade or the price goes halfway into the wick, be careful because it can go all the way down to the bottom and take it out. And that's what it did. Look at that chart, man. It's the same pattern. Folks, we're going to come back in three minutes. We're going to talk to Basil a little bit about the workshop he's going to be doing a week from tomorrow, Tuesday, November 19th, talking about those formations, how he's trading in the market. We'll be right back. If you're in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the Tax Opportunity Zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. 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TIGER TV For the latest market information market outlook ahead for 2020 and folks when you do sign up I'm just going to pull up to give you a quick glimpse this is the kind of account subscriber area you gain all of these archived webinars okay you get in there you get all of those immediately you also gain access immediately to the opening call where Basil's got all of his subscriber info the opening call this morning let alone he had one in there earlier on Sunday lots of good action going on and Basil if you could just talk about what you'll be talking about a week from tomorrow for your subscribers that of course that 90-minute webinar will be archived right after you're done with it Absolutely I will just first of all explain that in the basic concept of the tab and wave starting off when I used to hand chart with pencil and engineering paper and a little ruler I found that if you can identify the lowest low bar on the left side you want to see moving to the right you want to make the most obvious low bar a starting point to count the waves if you count each successively higher peak I alphabetize them and it goes from A to B to C to D, E, F and G but it's really the fourth highest peak that we start to look at and expect other things could happen it could recycle higher to a whole new set of peaks it could turn around and be a very sharp decline I look at only three patterns straight down, straight up arch formation, cup formation and then you can of course get a combination I'll talk about when you take the left side left side low away that support disappears when I made a dread because when you take that left side low out it can go much lower and on the right side here you can see there's a wide inverted wire if you take that left side high out on the upside you can go higher so I try to keep it as simple as possible and then at a certain point it starts to get a little more complex but the simplicity of it is really important you can see in the down monthly chart in leg D so this is a very important moment we've got a time sequence that's 11 months from the January high I like to talk about these time sequences you can see what's happening you've got 11 months from the January 2018 high to the December low this is the 11th month and we're looking at leg D in the 11th month so that makes it very important right now the fact that it has gone to do is D is also very important I need to see the mag D the moving average convergence divergence I'll talk about that if it hasn't yet crossed positive in the monthly and yet it has in the weekly but look even the weekly we've got an eight week cycle that goes from the July 19th high of 27,398 pulls back to the August low and then it makes a high of 27,306 September the 13th pulls back and once again we've got a time sequence so we've got the eighth week occurring right now with a new high so these are very important to me because things happen when you get these time sequences I talk about the strength of these moving averages you can see on the left side chart the daily chart this green line is the nine period exponential moving average the black lines are 14 period moving average and we haven't seen the price go underneath 27,440 which is the nine period moving average support so the reason why I've said to subscribers I think we're going to have a rolling correction here unless it's a six or seven hundred point sharp decline to go all the way under the 14 period moving average we could just see the sideways rolling action until you start to see price break down and start to move under the nine and then under the 14 that's what it takes to get a really important sell signal there's even a chance we could make a D here above 27,774 but everything about it based on the on balance volume something I talk about in terms of volume that's the way I use it it's a total you add the totals of every up day and you subtract a down day and there's a running total and right now the on balance volume is the one clue that says getting a little toppy here so I like to talk about things that are very practical so that's what and I'll show the stocks that we've had that we've got why we're holding them why we've had some really nice trades using this particular methodology and why we can even go for the very long term we've got the dollar long from April of 2018 here's our important those peak D the fourth highest peak and on the 1st of October at 99.67 the daily makes a peak D that's the same peak D at 99.62 that turned out to be the weekly sell mode and then the monthly is in a late D just like the Dow was in a late D so this is a D that could make a peak if in in November there's no new high above 99.67 so I showed these things in a very practical way nice well folks I encourage you to check it out right on the front page at tfnn.com you can check that out and of course to get back to that page and Baszler was in there checking out your opening call this morning I know you were putting out kind of a message to subscribers asking for any feedback any questions they can ask you in there so I encourage everybody go sign up you can email Baszler ahead of time talking about maybe questions you have about what he's been covering and Baszler's a great presenter folks does a great job normally sometimes you know we do 60 minutes Baszler needs to do 90 minutes he's got a lot to say coming up a week from tomorrow and the other thing is yes if you have questions about what we're looking at the methodology just send them over to me I love to answer these questions and that'll be in the webinar I'll include some of them and I have already started to include in my presentation perfect and that is Baszler Chapman at tfnn.com correct correct perfect Baszler if we can jump around to a couple others Disney if you don't mind Disney last week in the news with their earnings this week I imagine they'll be in the news as well as they are actually launching their streaming service facing a little bit of headwind though trading lower Disney down nine tenths of percent today 136.71 they actually made to 141 in change yesterday but they did come into that earnings announcement at about 132.50 or so the market likened what they had to say they beat across the board but the market really interested as to what they're going to do with this they're making some partnerships with Amazon devices and so forth and I was just kind of curious what you're looking at for Disney as they kind of get into the streaming arena this is where I like to look at the chart formations and I try to ignore everything else that's going on with Disney and I said about three months I think maybe four months ago that I thought that there was a chance that Disney would be making something that I call a hat trick top and what that means is if my monthly chart is starting to look topping I look at the weekly chart because if the weekly chart isn't giving anything like a sell signal that monthly is not going to work because the weekly it leads the monthly but when the daily leads the weekly so I like to look at I'm setting everything up in order and then we finally get a sell signal and that was at 147.15 on the 29th of July that was that was the last time that I was looking at and that was a peak D and then we started to come down and I said we've got to be careful I know there's a lot of talk going on with Disney but at this particular moment it looks to me like there's a chance that Disney is going to take a long-term breather meaning the monthly chart is saying it won't be just a quick couple of weeks and then we're making you high it could be three to six months and I just got an email I'm still a member of the musicians union and they're talking about tell Disney to fairly negotiate tell you what they're saying about streaming for musicians it's tough out there for musicians so that's part of it as well there's the take we will find out three to six months I am a super long long-term bull on Disney but that's like five to ten years to etc but we'll find out stay tuned folks Bows and I come right back for the last time on the show I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too sign up today if you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for Tom O'Brien's Gold Report the summer is over gold is trading back above $1,500 and the 10 year treasury is hovering at around 1.5% Tom O'Brien has been writing his weekly gold report for almost 18 years there's no one that knows more about how the gold market trades and how gold mining equities react new subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning Tom publishes his weekly gold report with coverage of gold, silver, bonds, the XAU, HUI, GDX, the dollar as well as more than 30 different mining equities as of September 3rd gold report subscribers have five active open positions with an average unrealized profit of almost 38% for each position to see for yourself the types of profitable trades that are recommended within the gold report sign up today by visiting tfnn.com Basil Chapman has just announced a live 90 minute webinar he'll be conducting for subscribers to his daily trading newsletter the opening call which will be taking place Tuesday, November 19th from 5 till 6.30pm Eastern time titled a comprehensive review of the Chapman wave techniques and market outlook ahead for 2020 this is a great time to sign up for a 30 day free trial to the opening call while gaining access to Basil's live subscriber event taking place later this month with some stock picks up 15 to 30% this year alone Basil will review many of the Chapman wave techniques that helped in their successful analysis as well as providing the sectors and stocks that he thinks will be of importance heading into 2020 for all the details check out the opening call on the front page of tfnn.com this segment is brought to you by thinkorswim for more information just click the thinkorswim banner on the front page of tfnn.com back folks Tommy O'Brien with Basil Chapman talking about the new way that we take content with streaming and Basil I know you are a great musician yourself and it's amazing how many different facets facets of the world you know this plays into and you were just talking about in the music side of things in Disney how that what's going on so this the musician American American Federation what is it called American Federation of Musicians sent out something just a few minutes ago Disney is launching their new streaming service Disney plus tomorrow they're expecting 60 to 90 million subscribers in the next five years and billions in revenue but they refuse to negotiate a fair contract for the musicians to score their films and television shows I just wanted you know we were talking a moment about moment ago about CVS and Walgreens just what what what companies have to do and we were talking about it with Scott about Macy's if you don't leave frog into a whole new mode of doing something you can be left behind in a second so Disney's kind of has no choice but to do this but at the same time the people who actually make it work like you know like it like the musicians like the cinematography and something that I hadn't even thought of and we all know those amazing Disney songs I mean they make some of those movies they really do the Lion King I mean that's there you know but there's there's too many to name and I wonder how that plays into things and you know corporate America man these companies they're vicious the way that they fight for every dollar whether it's against their workers whether what it is yeah it's it's vying against one another and you know it's the nature it's the way it has to be I guess but it's it's interesting man and we will find out I know there was a discussion just a moment ago about Boeing I thought maybe if you wanted to look at Boeing I'm talking about those P-D's Boeing at 446.01 on the 1st of March all right Basil that's it unfortunately oh okay well you can cover it at noon all right how about that Basil thank you as always check out his program opening call folks on the front page we'll be right back