 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. I'm Basil Chapman here. Of course, my show is the one that follows Tommy Jr. There's market kickoff. Great show. It's a disgusting real estate. Discussing a lot of things, just discussing Microsoft and all, then I had a very good discussion with Kevin Hings from Thinkorswim. We try to offer as much information as we can here. TFNN education is what it's all about. And we're looking at the Dow down 151 at $13,900. Excuse me. There's a lot to discuss. Let me have a little tea here for the throat. There you are. That's better. Okay. A lot to discuss. Let's go through this. So what we were looking at yesterday is there was a chance due to the oversold condition of that 1,000-point drop on Friday that at least some kind of a reversal could take place. It wasn't good enough that there should be a reversal that needed to be a really good candle formed, certainly in the Dow. So what I showed to subscribers on my opening call is that there's a pattern that I talk about. It's called the Roman candle. Basically what it is, is that it's usually a price formation that occurs at a top. Remember, I've been talking about this in relation to the S&P. I may as well just talk candle to candle. So on the upside, when there is a really... Oh, I didn't mean to do that. Whatever that was. Let's just do this again. There's BX, done X. There we go. Thank you. So we're looking at this candle right here at highs, especially in a monthly chart. When I see a high with a candle that is going to highs and then opens with a tiny little wick and then a long body down and then a close a half to two-thirds above the low. Then what I say is, uh-oh, be a little careful because that could signal, as it did in 2007 in the S&P, that could signal that if there is a close halfway in a shorter time frame of the lower wick, you've got to be really careful because it pertains to the weakness of that turnaround from the low, in this case, from the 14-period moving average of the black line to the upside, not showing the strength that it should. And then what happens is, you've got to monitor that. And I always say within two bars, maybe three, but it's really... It's actually within this particular pattern. It's the very next bar. If there is a move down, you've got to be careful. Well, we had a second one, not quite exactly the same, but pretty close. But on the downside, when you get a green Chapman Wave Roman candle, that looks very much like we did it ago, like this, that is the candle that we saw back on the 24th of January, long-legged, and then it had a very choppy couple of days. Remember, there was something that was talked about, the fair and all that, and we went chop, chop, chop, and then eventually we went to peak A, peak B, and instead of going to a D, which would have completed the by-mode obligation, it went to a C at 35, 8, 24, and then plunged to the downside. Wait, it did exactly that same candle on the 24th of February, a month later, at 32,272. And that went to peak A, peak B, and then a really choppy... In fact, even after that peak, which was great the next day, it went choppy, choppy, choppy, and it had a sharp pullback, how it held nicely above the 32,272 level, and then what happened? It ran all the way up to a peak D at 35,372, dropped quite sharply, made the cup formation, held the Chapman Wave, this is the falling axe formation support level, ran to a higher high, that was the day that I was away Thursday. Yeah, so last Thursday, it went to 35,492 at a peak E, and then plunged, and of course Friday was even worse, 900 point close to the downside was actually 1,000 points, or more than 1,000 points. And then yesterday we had that turnaround. Well, what happened? We produced exactly the same candle. Now, you can't see it too well here, but I wanted to show you what I see to subscribers, and then I outline every single day what needs to be done in the Dow, where the close should be and what it pertains to, in particular to the patterns that we're looking at. All right, so now let's see what this looks like in real time. We're going to go to, I may as well just go here, this is a chart I showed a moment ago, and we went to this candle right here, I'll expand it so that you can see it nicely. Oops, wrong one, right here. So that's the candle from yesterday. This is the candle currently as we've seen it. This is the candle from the 24th of Feb. There it is, and this is the same candle, same formation back on the 24th of January. So this is really an important moment, because what we're looking at is, within the context of the patterns, there has to be a close above the high of yesterday, certainly above the close of yesterday, which was at 34,049, but I always say it has to be the high of the candle, the wick itself, and that's at 34,106. That's going to be really tough to do, but this is what I'm looking at. So we did go long, that long as so far held yesterday, we actually were long, we took profits, took profits shorter term, just in different parts of the same position. We got out a little bit, and then yesterday we got out with a very nice gain, and we went back in early yesterday morning. Does that get stopped out today? I don't know. But this is what we're looking at, because Microsoft is a really important part of the Dow, and Microsoft comes out with earnings today, and it's had the 270 round number low on the 8th of March, and that pertained to an H pattern that failed after being repelled at the Chapman Wave falling axi-resistance level, and then at a trough D it ran all the way to a peak A, peak B, peak C, peak D. What is the obligation of the Chapman Wave methodology is to try to find the lowest low bar, get a signal that says you've got a buy signal, it gets upgraded to a buy mode, the implication is it should have these four higher peaks. I alphabetize them A, B, C, D. It can get all the way to E, F, and G. There's never an H, but at D other things can happen. That's when you could start to get what I call a recycle of the waveform. You could go E slash A, F slash B, G slash C, and then finally you get your D. What was the chart? I think I wrote it down. Oh, I hope so. It was just a perfect example. I haven't got it in front of me. So a buy signal gets upgraded to a buy mode at a certain point, maybe after a leg B, and that says there is a target of D. That's the reason why in the S&P having made a peak B, all the others have got to do notations in the Chapman Wave that says their monthly charts could have a pretty decent pullback, but the S&P says you might have to pull back, but you should still go to a new higher high leg C and then a leg D. So I'm through about Microsoft because 2270 was the round number low on the 8th. Yesterday's number was 277 at a trough E, and we went to a peak D at the top in an arch formation. Really important. I'll talk about the patterns as soon as I get back. 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. Get Tom O'Brien's newsletter, Market Insights, today. And try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, Educating Investors. You'll need to place the right trades at the right time. The TAS Profile Scanner is the premier market-profile-based scanner. Powered by its acclaimed TAS proprietary algorithms, this feature-rich scanner instantly filters over 2,500-plus global financial markets, such as stocks, ETFs, commodities, futures, and forex. This powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades before they happen. For a limited time, you can save $100 off your first month by using the promo code Upgrade, and you still get a 30-day money-back guarantee so you have nothing to risk. Level the playing field with the TAS Profile Scanner, which you can find under the Services tab at TFNN.com. Sign up today. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. 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. 877-873-7618 Everyone, we're back. Downs down 312. S&P's down 60. This is not great action at all. And the QQQ's, look at this, NDX100. Trading vehicle down 8 at 321.37. You can see the 317.45, look how many arches we've seen in the Chapmane methodology, these dreaded h's coming back now in a leg D to the downside. It's a really important question came in. I'll do this right now about DDD. We were talking about it yesterday. I said, yeah, you can think about it as just a real near term, a long position, but make this stock. 35 cents, a real tight stop. Well, today made a lower low. 13.01 in the dreaded h failure pattern. Not good 3D systems. DDD trading at 13.01 down 74 cents. Just got to be real careful. So what I say to the subscribers is we're treating this just as small, these are near term positions, but we do have a couple of stocks that I love in the sense that they are kind of under the radar right now. In fact, both are, let's see how they both, they're both up just a moment I can't see right now, but they were both up a moment ago in this market. That's not a bad sign. And we've just been very, the highest cash position I think we've ever been in. Well, certainly for a long, long time. I don't see any reason to rush into anything. The reason why I'm mentioning Microsoft is look, Microsoft, if it fails from here, then that H pattern becomes an A minus in the weekly chart from the peak E all time high 349.67 at a peak D in the monthly chart and very ugly red candle in April underneath for four months, the 14-period moving average has been taken up, but we've closed well above it. In fact, above the green nine-period exponential moving average. This is the first time we're not even close. We're in a leg eight to the downside still, and we've gone from the 349 level to the 274. I mean, 30%, this is Microsoft. And I, all I'm saying is that I'm being very careful because if I start to see the big cap form of really great leaders, especially in the Dow, TAC area, I've got to consider that's going to be a big negative on the market. So we've raised cash looking at other areas that might be potential shorts, and I'll get to that in a moment. But let me just say that this is a good reason why I've been very careful. Facebook, going to the Chapmeet, InsightTrack Pro Pellet Zone in the monthly chart of the being a 383 in September is trading now at 181. I mean, 200 points lower? No, no, no, no. This has made a peak E in the dating chart, beautiful arch formation, dreaded H, and look at this failure pattern. Peak E in the weekly chart. Look at Google. Google I think comes out with earnings. Is that also today? I think so. Google, it made a peak D. How many peak Ds have we seen here in the dating chart in the arch formation and failing? You just have to respect that this market is so vulnerable that how the selectivity unfolds is going to be very important. Can we rotate? And I'll talk about that as I get through because I've got the questions that pertain to that right now. This is a perfect rogue wave. I think, yes, I did. I put this in for anybody who ever remind me. If ever I'm talking about a chamois rogue wave, let me find an example. That rogue wave, the week of the 4th of February to 3,042.00, round number all time high. Let me just double check. I mean, 3,042.00, round number. So if a week before, you were shortly thought, this is fine. The technicals, the weekly technicals are just horrible. It looks terrible. That big spike on the week of the 4th of February, perfect rogue wave. What does a rogue wave mean? It means that you were correct in looking at the short side because everything pertain to going lower with lower highs and lower lows. And then out of the blue, like a rogue wave, if you've ever looked at Google and just Google rogue waves, these are things that just, they just suddenly occur. And very often at that moment, there's very little, maybe there's a tsunami, somewhere it creates a tsunami. But at that moment, it occurs through a very complex geophysical, we don't have to get into it. Just to say, there's a big spike. And in the stock market, what happens is, the price goes above the previous high, long enough for all those people that were long and got out to say, oh no, what did I do? I'm going back. At least I'm going back in for a little bit. And the shorts say, holy moly. I knew I should have wanted that. Google, who goes to short alphabet? When they changed the name to alphabet, that was a big mistake. Who shorts Google? And they cover. And then the same bar just flips over and closes and within two bars is back to where you were. Just the previous, in this case, previous bar, the previous week, and it continues down. That's a rogue wave. Out of the blue, and it fools both the bulls and the bears. And then it continues on its merry way to the downside. And look what happened. So what we're looking at now in a monthly bar, look at this candle. This is just saying that Google has a serious problem. And the serious problem is that if it doesn't hold, whoops, if it doesn't hold, well there's nothing on the left side until you get to 2230.05. That was the low of the week of the 14th of May. So something here, yesterday's candle was good. Today, instead of pulling back, it was just a minor pullback. Instead of opening at 2455 and then plunging to the 2300s, it opened at 2455-ish, held just for a brief moment. And today, at this particular time right now, 1028, 1025 in the morning, the eastern time, it was trading very close to the high yesterday, which was 2455. Whoops, it opened at 24, no, it couldn't be. The high was 2465. So it needs to be, this is now going to be really difficult. However, this is what I want to talk about. And we're going to go to it in a moment. I just wanted to quickly say the IWM Russell 2000, I had a good candle yesterday. It's making the dreaded H pattern. 8792 is absolutely key to hold this week, regardless. Then the next thing we're looking at here is, I'm not sure if I did this during the, just the update. I'll do it now. The gold is up six at 1901. As I said, my target is somewhere around the 1865, every 66 area with the 200 period moving averages. And then we'll decide because I think gold in play looking out over the many weeks to come. But getting in for the next balance is going to be important. I'll do Bitcoin quickly because I forgot to do it yesterday. Going nowhere, it's down 640 at 39,570. Just stuck in range, made a peak D in the rectangle formation. It's stuck in the kind of, just under the midpoint. I just see it as stuck. Silver is trading at, there we go. Silver's broken the left side low. I said, just be careful with silver. And yep, it said 2358. You're looking at crude. Oh, let's go to the dollar. Is the dollar holding the gains? Oh, that's the other thing I want to do. Dollar is at 101.95. Target is 102.99, the January high. This is really outstanding action. There's a lot to talk about and I've written it down. So let me go. We've got a break coming up. And then I'm going through all the questions. Down 326 and the Dow down 65 in the S&P. The gold market has taken off topside the large way. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector, as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money back guarantee, so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. You join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tigers as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, your ultimate trading mastery system, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Chart allows you to scan thousands of stocks for Fibonacci formation setups, including Gartly's, ABC's, Butterfly's, and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're going to 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 Chart 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. I'm going to go back. I just want to check something. Oh, let's see. Yeah, so we've got to be real careful. I just wanted to double-check to see if I made, if we got... There we go. What is today? Tuesday? Got it. Yes. Okay. So, just on a purely technical basis, we're now out of the diamonds, a long position. It was just a trade made money, but it was way, way better yesterday, obviously. I still think that the day is young. I think that if you look at the VIX index, pix.x, up quite sharply, there's a chance, you see, there is so much selling, there's so much negativity right now, that in a sense it's creating some kind of a cushion, not in the weak sectors, but in the sectors that are trying to hold. And that's really what I'm monitoring, and that's going to be really important. So, let's go to the questions that I had. So, I'll go step by step. I missed Kevin, you want to... Oh, Procter & Gamble. So, Procter & Gamble is up 10 cents today, 162.67. Now, this is part of the whole sequence of looking at the XLP, which is the defensive area, that's the staples area, and the staples area is made at a high of 81.34, drop sharply yesterday, intraday into the 78s, and now it's trading at 79.43. Now, the reason what I said to my subscribers is, let's monitor to see what's happening in the staples area. So, Procter & Gamble. So, the question is really basically, can Procter & Gamble, is this a place to get into Procter & Gamble? And what I'm going to say is, these double tops, I have a tremendous... I always find that the... I'll almost... I wouldn't say everyone, but almost all of the technical aspects that I've developed over the years, certainly I call them propriety in the sense that I developed them myself, and if they're public because I discussed them, that's fine because it was still, in a sense, propriety to me. And what I'd noticed over the last, maybe a year and a half, I've been doing about the incredible action in the market. It doesn't matter what position, what securities you're looking at. The going from a top, perhaps an all-time high, down sharply, this goes from 165 Procter & Gamble PG, is a symbol of household products, goes to the 144s, and then scrooms back up. And where does it go to? It goes to within 40 cents of the previous all-time high. 16535, it goes to 164.90. Look at Johnson & Johnson. Johnson & Johnson broke above the 179.88. It's in a lag D right now. It's had these four patterns that I've tried to discuss as a vertical assessment. And right now what we're looking at, it's made a new all-time high, but the technicals are getting... They're good, but they're getting a little weaker than they were each time. It's gotten a little bit weaker. So, so far that's good. Let's look at... I want you to do them in sequence. So the question came in, what about Clorox? I did this yesterday, and I said it's holding well. I'd perhaps just start a little position there, I said, but basically, the way it's acting right now, I'd also want to... I'd probably want to wait a little bit, so today's down three and a half, at 148.78. I think it's acting okay, but I spoke about that big gap. So Clorox is in the... I don't know if it's in the... I should have gone through it. I didn't have a chance to, but it's like an XLP and like a Staples. So it's pulling back. If you go on and we go to... Let me go on to... Look, Pepsicola, PEP, PEP. Holding. It went to 177.24. These double tops are just uncanny and most of the time, you get a pretty decent pullback from them. So back on the 21st of January of this year, PEP, PEP Cyco, Sodus, Naxis, et cetera. Goes to 177.24. Drops sharply to the 153 area. And then what does it do? In weeks it has almost a single leg up, and it goes to Easter. 177.24. So actually it's not even an E, it's still a question about, so this is, if it was one penny higher, then I could call it E. Right now, I'm calling it a gray A, gray A because it hasn't broken to a new high, and it hasn't taken, it didn't take out the low that was made back in October, so it's much higher than that. So this is either a continuation pattern in a V-shape formula that we're looking at, left side, right side price time match, and look at that. So it's holding well. If you look at, so yes, you're double top. If you look at Coca-Cola, no, it did something a little different. It broke out like Johnson & Johnson. It went to a new high, so that's important. Coca-Cola trading down 13 cents today after making your time high at about 67 something yesterday. So what I am doing here is I'm trying to say I'm watching this XLP very closely because if there's going to be some kind of a market rally, and we'll know, I mean, as it stands right now, it'll be just a wonderful surprise for Microsoft to really screen to the upside. It'll be unbelievable if Google comes out with something that says, oh, we're going to be buying back 5 trillion worth of stock, and we've come out with a new system of telephonics communication. You won't need Verizon or anything else. You can just go straight to us and it will be the new community. I don't know what they can do, but the price as it stands right now on Google, down 64, says this is very ugly in the monthly chart. If you look at Apple coming up with earnings soon, Apple's holding much better than the others. I think they have their commitment to monthly payments for all their products. That kind of generation of income has worked for them beautifully. People have Apple stick with Apple. That's the way it looks like. So we're looking at Apple coming to a trough D above the 200-period moving average. It's Amazon that I'm watching closely with Google. Amazon's the one that I said. I think it's going to be retesting that left side low of 2675. I'm just guessing now I think it was right there. So the answer is to those of you, a number of people asked me about the staple sector. Yes, it is a sector that's in play. Yes, it's worked up until now, but is this inflationary aspect going to impact stocks like a Procter and Gamble, stocks like, say, let's go to Johnson and Johnson or Clorox, because people are going to, but will they use less or will it just be a slow degrading of purchases? So the low of 2671 in Amazon, something has to be spectacular to really work because if you're looking at the RTH, which is the retail with 20% Amazon, it's holding really well. If you look at the XRT with an equal weight, so Amazon is just equal weighted. That doesn't look as good. And yet the retail sector is holding fairly well, but on its way down, the tide in the weekly chart is a cell mode, maybe a cell signal at the end of the month, by Friday in the monthly chart, and that would impact Amazon. So I'm covering that and I'm going to say for Procter and Gamble, I would say, I would have a little, I think it is acting very, very well and it has made it, I'll do it in the moment, we're going to get back. I'll be back in a moment. 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. From the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at tfnn.com. That's 727-329-8322. Call us today. The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. David White's investment newsletter, the technology insider, is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future. David White has made his living staying on the cutting edge of technology. His weekly newsletter will give you specific recommendations for valued tech stocks as well as entry prices, target prices, and stops to set for each trade. Dave delivers his weekly newsletters every Friday with updates throughout the week. You can get the technology insider at tfnn.com for only $37.50. Sign up for Dave's newsletter, the technology insider, and get an inside look at everything the technology sector has to offer. Try it risk-free today with our 30-day money-back guarantee. Biotek is booming, but for how long? Whether you think the Biotek bull has room to run or has run its course, trade LABU or LABD, Directions Daily S&P Biotek three times bull and bear ETFs. Visit DirectionInvestments.com slash Biotek 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 4-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. And I'm sorry, Eddie, I didn't see your question until a bunch of questions I didn't see until after the show. Is the low in the S&P something that you can consider Velo? In other words, could there now be a really strong balance? He said, I believe some people were thinking that this could be a low between Monday and Tuesday of great significance. And my answer, I would have said to him yesterday, he said, no, the reason why we've got so much cash for my subscribers to my opening call is because it's, this is when you look at all the different sectors and you look at all the different stocks and I don't look at all, but I look at enough. The reason why, even in a deer, which is another question I'll deal with at the same time as he's talking about the general market, a deer did this left side, right side, vertical assessment where at the higher 437.98 in March pulls back and then goes to 446.76. We were along, we took profits a little bit off and then got stopped out for a profit there as well. And I said, no, we're not going to hang around here in cases drops. So for deer, which under these conditions should be ready. I mean, if you're looking at wheat, if you're looking at all the grains, I think there's going to be product shortages because they're not getting to market. And the ones that are getting to market are getting sold so quickly, you can't replace them that quickly. This is what I'm thinking. So deer is in the farmer, in the tractor and farm, farm equipment area and caterpillar is in the utilitarian area for the infrastructure. And that made a peak deer 237.90 and pulled back sharply. So I'm very, very cautious here. At the same time, yes, we're lacking in short positions. The focus has been on what's working on the bigger positions for subscribers who know that keeping your cash, I believe in keeping your capital as sacred as possible. You can always make up even an eight to 12% loss. You can make that up if you've got good techniques and you've got good skills. But when it gets to 22% or 28% or 60% as we've seen in some of these stocks, I'm not interested in that. I'd rather miss an opportunity than see that cash, the cash security that we've built up disappear. I'm just not prepared to do that. So that's that. So when I'm talking about going to maybe a nibble on proxy and gamma and all that, all I'm saying is that if this sector, if the staples sector starts to decline, you had better find another area that's going to be a successful, at least trading vehicle. I think we might have at least two of our stocks might be in that area. We still have the DBA, which is the DBA Agricultural Fund. Talk about double tops. Just look at that. I don't want to run out of time. So talk about double tops. Look at this. From the high that I thought would be appropriate as a target to the upside, June of 2016 of the DBA Agricultural Fund at 23.01, plunges down to 13.25. We got along almost right away, 13.77 being long. Take a little bit off of it. We've got our big core position and what did it do? It hit this week it hit a high of 22.88. I would say looking at four years, five, six years, that's pretty damn good, right? And it did that with the left side. The bar that I chose, the special way of choosing the bar, there's definitely no fulcrum to the downside, a pivot point or plumb line. I use some other methodologies and where I go from the left side. And this has achieved it. Not all time high. This is already looking at March of 2012. This is what, 10 years ago, hit 35.58. So I'm considering that the grains are in play, but short of term, there could be some vulnerability. But yes, it's holding really well. It's only done two cents a day at 22.13. So I don't want to skip. So the answer is no. Absolutely no, Eddie. This is for us to get to talk about an idea of this in my webinar that said, what are the possibilities of an all-time high in 2022 in the S&P to start a New Leg C? I discuss that as a what-if situation. What are we looking at? What would it take to get there? And that's still in play. And I'm not going to be fooled at all in the shorter term by trying to have the overall outlook as going to higher highs, covering, having a patina to spoil my trading in the shorter term. So here we go. The TLT, really important mention in the den, yes. The TLT had won 22.94. I have to consider this so far. It's transitory. The move on the upside with yields coming down to what we've been discussing. Look, he has the TBT. What did I say? We're looking at the pattern of the ABBV. Just as an example, a template where it went above the up channel sharply. This is ABB, Abbott-Labs, Spinoff, Farmer, but just a chart and got nothing to do with what the tradeable is that we're looking at. Just the price goes above and then pulls back into the rectangle. If it takes out the base of that, it can come back down and then tries to at least have one touch of the previous trend line support. And that would say that by, give it a time limit, by the second week of May, there should be at least an attempt to get towards the 163, 165 area. It's at 158. So now let's do the same thing with the TBT, which is the inverse. And this is the ultra-short Lehman 20-year treasury bond ETF. It's gone to a doji high at 26.25 on April the 19th, pulls back, makes a little H pattern, fails, and now it's under the 14-period moving average. It's about to test the support that was the ones resistance and now becomes support in the Chapman Wave inside track up channel of the bigger of the large up channel. And if that breaks, then you can see in this case, I'm using something a little different. I'm going to use a new trend line from this low back in 1st of March or so as a key trend line support. And that says watch out because 22.50 is going to be the key support for the TBT. And that's the way we're looking at it. So yes, this is a really necessary bounce. And my thinking was as these pull back and as the commodities as crude oil pulls back, so we would see some kind of rotation out of maybe the staples. We don't know yet the staples into and then we'll see what sectors it is. Does Microsoft give us a clue? Does Google give us a clue at the end of the day today? This is such an important moment. I'd rather be chasing a move to the upside than getting in early and just seeing a collapse overnight. Today's a really important session, actually all week. So that's I covered that question, got that question, that question. So any of the answer is no. I think we're still in this big consolidation phase. Oops. Wait a minute. Is that me? Let me just check. Let me just take that. All right, gonna break coming up. I'm not sure what I'm doing. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis. And it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern for free. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. 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. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman and your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com. Educating investors. The Gold Report is a comprehensive look at the metals sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money-back guarantee so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. 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. I always say that the number of bars on the left to the upside or the number of bars on the left to the downside can be matched to the right without a crash. Look, this is what's happened here. Does this start to tank right at 42.17 in the 10-minute e-mini bar and then it comes to the same number of bars going to the low that was made yesterday at 12 o'clock at 41.95.23. Talking about that, so just let me do this real quickly here. I'm not talking about the semiconductors as a question came in. Why aren't you looking at NVIDIA? I've been on a major cell mode for the semis since almost the May there top. I don't want to discuss it until they can show real strength. That's something completely different. Look at this. This is the USDJPY. Look at this monthly chart. Look at these. Look, it's down today, down at 127.18. But look, I talked about those double tops. Well, how about this? Oh, that's a monthly chart. That's okay. Let's go to this monthly chart right here. Look at this. It went the Dollar Japanese Yen. Look at this beautiful left side, right side, price, time as to where I chose to make the midpoint and it's gone there right to the month and it's gone to a high, high in leg E. Look at the Dollar, DXY, Basil's Dollar because we still owe the Dollar. 103.82 was the high of January 2017. 102.99 was the high that double top at March of 2020. And here we are in a shorter time span trying to make this move towards that level. So all these, there are so many signs here that we've got to watch the next couple of weeks, a week or two. End of April candle and then the beginning of a May candle to see exactly what's happening. Look at the USDJPY, how it's pulled back. This is the Dollar. Oh, I just did that. Look at the EUR, USD. Look at this. EUR, USD. Look at this. I spoke about it a long time ago. I said the price. Don't think that you always have to crash to the downside. Sometimes it's the same number of bars and the acceleration to the downside is just adding the number of bars. 1.0664 was the low that I discussed in the EURUSD currency pair at March of 2020. Where are we now? 1.6.06478. We're almost there. Isn't that amazing? And I love your job.