 The following is a presentation of TFNN. The Morning Market Kickoff with your host, Tommy O'Brien. Good morning, everyone. Tommy O'Brien is not here right now. I'm sitting in for Tommy and this is Basil Chapman. I'm the host of the Tiger Technicians Hour. He usually comes up after Tommy's show, Morning Market Kickoff. Mine's the Tiger Technicians Hour. And my service is the opening call. It's an old, 80-news letter. We're going to look at the Dow. The Dow closed at 37,305 on Friday. I should do this because some of you don't necessarily know my work. So let me just grab that quickly. Here we go. I was just about to show you the core of my basic technique. And that's this right here. Try to identify the lowest low bar. Use technical indicators for that. You can count each successively higher peak alphabetized. A, B, C, D, E, F, G. Seven higher peaks. There's never an H. So you have to assess if something went wrong. If you suddenly go to a higher high than that peak G. But it's at that fourth highest peak, peak D, that other things can happen. So here we go. The Dow, I'm doing this. I'll show you the futures right now. Like, yeah, the futures. Where did I put that? Tied a wrong chart. Let me just go right there. Like, yeah, the futures. I am trading up 52 at 37 after such a spectacular move. Look, day in, day out. Green candles, green candles all the way through Friday. And then overnight, we haven't yet made a new recovery high. But this is so fascinating. Why? Because look, I use a nine period moving average and the 14 period moving average. Look how high the line is. Look at the price way over the green nine period moving average. Look at the 14 period moving average at 36,000, 899, way below. Look at the MACD, the moving average convergence, divergence, so strong. The stochastic flatter 96 is great. This blue line, the unbalanced volume, it says, ooh, be a little careful here because we kind of overboard on that metric. And this little gray line, right? There's these old daily charts on the left here. This is gray moving average right now is the RSI, the relative strength index. And that, in a sense, is confirming the up move. There's no real divergence, but I can, can I do it? Yeah, I can show you. Look, you see the little red, when it goes to red, and it's over 80%, that's a level that says it's getting into an overbought range. But the overbought range doesn't mean to say, oh, because it's overbought and now has to go over. So it just means it's in that range. It's just very high. And that's just kind of a cautionary measure. And that's all it is. You have to use other indicators to confirm. Look at the weekly chart. Look at the skyrocketing single leg A from that October 27th low. Push to the upside. And look at the monthly chart. The monthly chart, now, because this gets smoothed out, it's a move, it's a, there we go. I have to raise these letters. They're not automated. I do every single, every, whatever chart you ever see of mine is notated by hand. It doesn't take very long, but it's not very much. I've found that doing it automatically means that they're okay in the instances where there's an alternate count which has not been taken in and that can lead to a miscount. And I prefer to do it my way, my way. All right. So this is a leg A, B, O. Isn't that interesting? So this is the starting point of the new buy signal to buy mode. At this point, I'm just calling it a buy signal. And that's the case. Then then you have to count from this low, every single peak gets counted. So that's an A, but then this little modest peak right here below it is an A. And then that becomes the B. And this is already now in a leg C. So the E-mini is just fractions away. Let's just go to the S and P again. Look, he has the S and P, S, B, X, X. I'm sure I've got it in the right place. Yep. All the time I was 48, 18. It achieved a 40. Right there. That doji candle on, that was on Thursday. There's a closing price. That's the S and P. With a high of 47.3, 8. So 70 points below, 80 points actually below the all-time high is folded through on Friday with a very narrow range when you're constantly saying, yeah, that is great. That's the 15th. I didn't realize that. It was very narrow range with all that volume that came in, still a narrow range, and it made a peak, G-stash B, and that usually goes to a higher peak. So now what we're looking at is, in a very short term, the Dow is getting a little bit toppy based on my on-balance volume. The S and P is getting a little toppy based on the on-balance volume. All the other technicals are really very strong. The QQQ, that's the NDX100, down 48 cents right now at 404.81, made a new recovery high on Friday, and here the technicals are very good, and the on-balance volumes already had one little pullback, so it might have another one, but it's saying that at 404.81, down 53 cents right now, the 403 to 402 level for the first part of this week is going to be really important. Support IWM, there are also 2,000, I'm going to the actual contract here, but it's pre-marketed, it is up at 90 cents, 197.96, the high that was made on Thursday was 200.04, Friday had a lower high, so that becomes a peak F. Now these might turn into alternative accounts, but right now I'm calling it an F, on-balance volume, same thing, stochastic fabulous at 94%, so it's going to be some kind of bad news, something maybe, I'm not sure what it could be, but this is what I really wanted to show you. Look at the SMHs, the semiconductors, screaming to all-time highs on Friday, goes to a high of 170, right there it is, 175.86, and with a little, this candle, this little candle has the character of an evening star, even a dragonfly, but I like to look at it as just purely a doji candle opens and closes at about the level that it started at, and you assess it from there, and that just essentially says, on the pullback side, it's at 174, any close under 168 in the next 2-3 days says, all right, we've started a little bit of a consolidation, and let's follow it that way, that doesn't mean to say it couldn't break out today, now I did have a Chapman Wave high Tringage reading, this is Richard Holmes Tringage, I only use it for two numbers, on the upside and the downside, if it's on the upside and it's high, then I say within two sessions, the S&P futures should have a strong rally, even if you think that it's going to be from weakness, and we've already seen, what do we say, it's already up 12 points in the E-mini. Now it's going to be quite important because it's all those weekly charts, I would prefer to see the actual, the close on a Monday after a really strong week, why? Because if on the Friday, there's a turn down at about, like an hour and a half before the close, and then a very sharp pullback, very often they could set the stage for a Monday, lower high, and they could make a peak for the entire week where it doesn't take out their previous Fridays high, that wasn't the case, most of the time, if the Dow closed higher, the S&P did pullback, let me show you, it did make a little bit of a peak in a way that maybe did, it did kind of what you'd expect from a doger candle, and then another tiny little doger candle if there was to be a pullback. So I make it real clear, a pullback under 46.94, that was the low of Thursday. Amazing how these numbers fly by. 46.94, in the next two days, says, okay, you saw some kind of a consolidation. I'll be back. Basil Chapman sitting here for Tommy O'Brien, tough shoes to fill, but I'll be my best. I'll be back in a moment. Dow futures up. Tigers, tis the season for leveling up your trading skills. Basil Chapman is happy to offer all opening call subscribers a free subscriber webinar, Wednesday, December 20th, 4pm to 5.30pm Eastern. Basil Chapman will be discussing major sectors and stocks that are coming off their lows in order to prepare your portfolio for 2024. This is a free webinar for all opening call subscribers. If you are not yet a subscriber, visit the front page of TFNN.com today to secure your spot for Wednesday, December 20th. TFNN, educating investors. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. 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I could kick off and I'm doing these charts as you see. I wanted to show you the one-minute chart of the e-mail. It did make a little peak D. Remember the fourth highest peak D? That's where other things can happen if you pull back and it keeps hitting this 200-period moving average support. I mean, you can see this live. This is amazing. Look how many times. One, two, three, four, five, six times in the last and 7.50 this morning, AM. And I'm sorry to see that this is going to be a real test because after spectacular sessions on all the way through last week and a peak D in the 5-minute chart, only a peak C in the 10-minute, but in the morning that might fail. So what we're looking at here is within the context of patterns, the S&P did make a lower high. So we're going to go from that in a moment, but I would like right now, since a number of people in the den have asked me to look at certain stocks. Let me go right to that. So the first one is fuel cell. So fuel cell, F-C-E-L. Those are kind of an alternate energy. I think it was hydrogen, right? Oh, I have an update. I've done it so many times and I always lose the notations here. I had even this morning, I woke up to find a little note saying you've got to shut down. So I was happy that all the work I did yesterday and last night was saved as I'm preparing for my webinar coming up on Wednesday. So yes. So this is fuel cell energy in a leg C. Maybe that's, yep, a leg E in the daily chart. Magdy's stochastic, everything's good. On balance volume did pull back. So it's pulled back a little bit. Now this is going to be quite interesting because the weekly chart, it's the first time since April that it's actually gotten to a leg C, a leg B in the weekly chart from the lower bar and we'll watch it closely. And that monthly chart, I remember I did this A, B, C, I believe it made a peak DS, it didn't make a peak D back in the early 2021, almost at 3929. And then it came tumbling down and the most actually went under a dollar. This thing really has quite a ride up and down. So I like what I'm seeing here. I would only say this. It's a little bit extended in the daily chart. The weekly chart's really improving. There's a difference between extended improvement but that nine-period moving average hasn't crossed positive. It's still pink and needs to change to green. So what I would do is this, I believe that you're in it. Usually you ask something about some of you are in. If you're not in it, it's real tough right now because it's a little extended. I would prefer it's at 154 pre-market. It's already up 19 cents at 173. What if pre-market, you don't see 173 all day and it actually closes at 142. What do you do then? That's a big percentage move in a very low price stock. If you're looking out as building a position, that's something completely different. Then I would say you've got to enter right even at 174, it's not too high because you're going to average down. That's your function because that's what you want to do longer term. That's different to buying and saying, oh my God, it's going down. I bet a dollar cost average and you keep buying lower. No, this is the plan. The plan is there's this whole congestion area in the 1.30s and that just says that should be between 138 and 134 should be really good support. So if you're not in it, I think if you had patience and you just put that in, you'd get it. But if this suddenly sausage rated 178 to 182, you might have to wait quite a while to get that. So as it stands right now, I know that you're looking at things both position-wise more intermediate term, but you're prepared to look at them short-term, A2. So I'm going to suggest that you actually, 174, I don't want to buy a gap up, but you close at 154. If you can get it initial in the 150s, sometime between today and tomorrow, that's just a starter position. The real position as I see it is I'd like because it does this so often. I followed it for years. It tends to fill gaps, not the very big ones from the bottom, I mean from big ones, meaning lower down and moving higher, but the ones that are closest. So I think that 140 areas is going to be filled. So I'd have a little patience and that's the best thing I can do. That really chart, if it turns green by Friday of this week, then I would say the $2 area is going to be the next level of consistency where it keeps trying to break into the twos and then it'll hold the twos. So it's the start of a position. Next question is... Yeah, I'll do the other one if I get a chance. I mean Microsoft, who asked me Microsoft? Piper Paul. Piper Paul, I should have a little flute here. Actually, Piper Paul, I've got my drawing over there that I did years ago when I used to do musical notepads and all sorts of things like the cards. That's playing with treble clef, like a trumpet. All right, so Piper Paul, let's see what Microsoft's doing. I should mention that for subscribers, we're all long from the 338 level. It has spectacular move up to 384.30 at a peak F and now it's come down. So we had a new position on Friday because we've taken little bits off. So we put some back on, where was it? On Wednesday. And it held very nicely on Thursday. I said to buy it under $3.66. It went under it and then closed very nicely above it. Pre-market is $3.69. So this is what I wanted to show you. In this particular pattern, you see if I put an arch in over here, especially it's already gone to a peak B. So that's a good thing. If it failed at a peak A or a peak B, minus, in other words, it took out this left side. That's a dreaded edge. It can go down quite sharply. But the fact that it's holding quite well and the fact that it had a good candle says that this might make a lower case, H2, lower case M. And then, believe me, I would not be surprised if at some point it takes out the 360 before it goes to a new all-time high, 384.31. But as I see it right now, so we've taken from that little bit we added back, we've taken something off. If it pops a little bit more, we'll take a little bit more and I've raised the stop so it's a no-lose position. So I like it very much because I think in Microsoft, MSFT trading at down 70 cents, at 370.07, it's in the cloud, it's operational systems, it's subscription. I mean, it's just everywhere that you want to be. But I think it's been really well-hyped for the last, the whole of November. AI, AI, AI, AI. I think it's due for a little bit of a rest based just on the technicals. So what we, you didn't tell me just say Microsoft, please, and I'm going to tell you, if I had no position right now, I'd say I would like very much to buy it at about 355 in the 350s if it gets there. How it gets there is going to be important, but that's kind of the level that would mean that it takes out the low that was made on the 4th of December of 362.90. And I'd go, if it does rally from here, I'm anticipating that there's a lot of resistance. The high that was made on the 13th few days ago was 377.64. If it can close above that level, that's really important because then I say, okay, now I can reach the 384.30 level. However, at the same time, what I am looking at here is, I'll just get rid of that, but I am looking at a lower case, oh, let me show you the chart. Let me show you the chart as we go into the break. I'll show you this chart right there. This lower case H pattern right there can become a lower case M as it goes sideways because of time more than price in a trading band. That's the possibility if it rallies above Friday's high. TFNN has just launched their new trading room, the Tiger's Den. Hosted at Discord, TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den, available to all Tigers and Tigresses for cash or added costs when 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 Tigresses as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. 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Market Insights comes with a 30-day feedback guarantee for all new subscribers so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand. TFNN Educating Investors Tiger TV Hi, both of you back. So the market's open. Now it's up to you. So this is what I wanted to tell you. If you're looking at Microsoft, if you don't own Microsoft, then you would like to own it for a while. Then getting started here, just to start a position I think is really important. One of the reasons is it meets all the criteria because in the Dow, in the S&P, it's in the QQQs, in the XLK, so that's going to be really important. And whoops, what happened there? Oh, my. All right, so let me just do something if you don't mind. I need to, I just said a little ping so I need to follow through here. Yeah, okay. So within that context, start a little bit here and realizing that this is really not the ideal position of this particular pointer here. You really want to be looking for some kind of catalyst that says it's going to take out the 390s and really start to go to the 400s. It might take a little while to do that and I'm just going to do this right now because I got a gift that I wasn't expecting. There you are, good. So here we are. The QQ chart says everything is still very strong, could be digesting gains. The monthly chart is broken out to all time high stocks that go to all time highs tend to continue going to all time highs until there's a big change in market trend and this particular point we're looking at Microsoft still having strength, even though it was down earlier and now it's fractionally higher, but I suspect that this little choppy sideways phase. So yes, I like Microsoft a lot. Microsoft's gain has been made just for the moment. It needs to digest these gains and then it can come back strong, but in that particular aspect I would say a nibble here at the 370, but you're ready for the first position I would say would be in the 360s, all right? We can come back to that tomorrow if that's the question. The next question was, let me just write them down, USB, USB is not in fact USB is US bank core stock that I used to, oh, there's the delay in market data, all right, well, that's fine. Okay, so this is like so many stocks, it looks extremely overboard just on a visual level, on a technical level it's got veracity because all the technical is actually confirming the writing, but I suspect that at 4470 this gap, some part of the gap will be filled and that of 4380, let me just check if I'm right, 4380, 4380, yeah, so 4363 if it goes below 4363 then this there's a good chance that a chunk of the gap will be filled. So if you're holding it long, this is in that category that says, hey, just with a spectacular move that it's had, if you are long, my recommendation when it does something like this is just take a little bit off to reward yourself, number one, number two, just money management says, right yet the 200-period moving average in the weekly chart at 4471 where it is right now, there should be some resistance, you could always put that back. So let's just say you are in and I'm recommending at 4471 take a little bit off, where would I put it back? Maybe two and a half points down, you've made 5% for nothing, that's the way I would look at it. So yeah, but I do like it, but I think under every visual that I can do right now it should be digesting gains and even if it goes high I suspect the whole 42 area maybe even to 40 is going to be tested over the next two, three weeks. So it looks very good monthly chart has just begun on leg B well I can't say it just began, it's a huge move, but in the month of December it was not looking that great now, it's looking much, much better. Hope that helps you. Oh and where would I expect the next big resistance level is at right here, this cluster formation with highs in January and February of 2023 in the 49 area, let's say between 49 and 50, that would be a target that I would have. Okay, next question came in as I think I'm going in sequence, I hope I am. Let's see, oh there it is. Yeah, a few cells hydrogen, correct. Expanded carbon capture deal with X on O very nice. Yeah, these alternative, at least in the moment the alternative fuels are definitely going to see a bump up. I don't see why not until it gets sorted out and then you might just get your one or two that are really the big focus. Zim, Zim integrated shares. I'm looking at this AB very strong leg C at $10.66 so not a trader. Okay, so if you're not a trader and you've got into this, I don't know if you're, okay let's just do it three ways. One is you're in number two is you're going in and number three is is a long-term trade so you don't really worry about the vicissitudes of the shorter term because you're looking at the longer term. Okay, with that said this is from the lowest level especially when you've got a doji candle beautiful take-off it goes peak A, one penny above a pullback it pulls back and then one penny above that high starts leg B. It's a floating net of B stays all the way until it makes a peak it did and now it's got a huge leg C. Oh I like this very much so let me just see Zim integrated. Oh shipping. Oh, that's why you remember the name. Let's just see what that's doing. Whoops, that's so that they're all different sectors but that right here Oh, a nice big spike giving back a little bit after the big spike earlier today. Nice DSX Diana shipping that's lagging a lot but it will say okay so if that's the case that's the shipping then Frank's frame trades in the dense it's folks try the dense it's just really much information. It's fabulous. Oil giant BP pauses oil all tanker trances through the Red Sea. Oh, oh, oh a little nervous there huh all right. So okay if that's let's go back to Zim I like it and it's in a category that has seen its day once it makes a top and goes down because then it's done it goes from 24 all the way down to the sixes and then when it comes back it has a good it's had a good couple of weeks back in May-June it goes from below 12 to the 14th that's 20% gain or more so this is the same category but it's gapped up today now the gap up on a Monday I don't ever think that that's important it's just a coincidence of the days it's going to be Friday the gap up in the daily means it's consistency every day you can see that's a little different this is my chance there's a gap so I just treat this as a leg A so it's demonstrating strong leg C in the daily but it's about to give back a chunk of the gains early gains strong leg A in the weekly off wow an all time low it looks like yeah so now if it wasn't your name not a trader I'd have an easy time with this I'd say hey this is acting well take a little bit off right now I would put that back 1032 I'd put it back under 980 keep your core position if you long would I buy it right now I like the action and I got a feeling from the just the pressure that I'm looking at and some of the in the in the shipping area some of the ships and I believe this maybe this is the crude oil one I should have a look let me do this we've got a break coming up I'm just going to type in here zoom zoom does what we are typing right there I'll be back TFNN has just launched their new trading room the Tiger Zen hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding the reach with the Tiger's Den available to all Tigers and Tigresses for just $1 for the year there's no cash or added costs when 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 Tigresses as they engage in trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the Tiger's Den and 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 you might think that if you want to be successful at trading in the stock market you're going to need 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 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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 for side fund services S&P 500 bull traded on the NYSE American and TSX under the symbol VGZ Hi folks, so I'm just looking at the Dow of 53, the S&P is up 13 I'm looking at the E-Mini futures that did go to a leg E in the 5 minute chart but finally we've got that leg D in the 10 minute chart I wonder if we are seeing some kind of little topping action here and that by after 3 o'clock this afternoon we start to see a week close and then a week Tuesday I wonder if that's going to be I don't know we'll see but that's what I'm monitoring right now in the meantime, so yes so some is integrated not infiltrated it's integrated integrated shipping service I like this chart on the very short term I would just say that it's two gaps like this in a shipping, integrated shipping and we really don't know that much about what's going on in shipping at this particular point there could be a problem through the Suez Canal or whatever it is so I this is a tough one so what I'm looking at here is within the context of what do I do if you're along I would hold it, it's in a leg C it should go to a D but these the problem is to the upside a screaming not a streamer but a screamer with a C as they get this momentum, that momentum just stays until it doesn't and then when it fades it can fade really quickly so it's tough to give you parameters without seeing the close today because this is obviously news related so here we go, $10.40 what would I do if you aren't in it if you're looking out longer term I don't see any reason I believe it should get to $10.40 if you're longer term if you board it here and drop down to the $9.80 or $9.50 I still think you'll have a chance to get out at $10.40 $10.45 at some point if you don't like what's going on so I would just nibble, I get my foot in the door right now and if it's a long term position I wouldn't rush just take your time, build your position let it give you the conviction I don't have a conviction yet in the monthly chart although it is turning up it hasn't that $9.50 it's still way under the $14.50 you'll probably have to go to the $12.80, $13.35 area before I see that much or maybe $11.80 to $12.50 let's put it that way so it's a work in progress so nibble here if I was long I usually I'd say on a big move like this that you didn't expect take a little bit off as part of money management and then put it back just a little bit lower down so that you get a couple of points gain and you're getting a new entry to lower your average cost that's kind of the way I'd look at it but yes there's a start of something with a start of something that over a period into February let's say you're looking at this now at $14 that's really tough to say because I need a full week of the weekly chart to confirm for me that it's two times it's able to close above the black 14 period moving average it hasn't done that since way back here way back in March so that's what I'm looking at so yeah tip toe in if you aren't in and if you are in as I say this is not a bad idea maybe take a little bit off and you can always put it back but if you don't want to be fussy because you're looking at longer term stay in the position that's really what I'm saying okay and I personally still would have a stop in the 40 area that's a big move down I don't know where you got in but that's a big move down but I wouldn't just hold it because this thing has a habit of just going down once it hits the pink line the 9 period moving average on the way down it just stays there I hope that helps you next question came in as a toll now I looked at a lot of these over the weekend everything that I'm looking at here just on a visual basis not as fundamental anything like that just on the shorter term yes I could give this an alternative count in the weekly chart I'll call it C for now because the technicals are really strong even on the daily look the 9 period moving average it's way above the 9, 9's way above the 14 and the magnies, girth, stochastics at 92% on balance volume is turned down a little bit I like I like the pattern as I'm seeing it I'm a little bit nervous if I go to and I'm going to spend time on this in my webinar on Wednesday to discuss this in terms of overview what we're looking at what would happen if the Philadelphia housing sector took a dive what would actually do that it can only be interest rates or it will be something to do with banking I'm not sure I don't see that yet I just see a really good move to the upside and I'd only fade it on a very short-term basis why? because money seems to come back in every time it's pulled back but it's trading down 5 at 647 so let's go back to toll because it matches the daily chart on the left weekly chart on the middle monthly chart on the right very similar charts right told brothers very fine home builder a leg D in the monthly a leg C I'm calling it for now still a leg C in the weekly a leg F maybe a peak F today in the daily chart so all I can say is now I'm going to do the same thing what would I do if I'm in it I just rattle off the same thing it's had a spectacular move did you expect on Thursday that it's trading in 94s and would spiral into the hundreds I don't think so but it did that so I'm just saying give yourself a little gift take a little bit off just part of money management and then monitor it how it fills the gap and it will fill this gap the very short-term gap right now that's the low on toll of 99 round number low didn't see that and high the day before of 96.69 so it'll get into the 97s at some point maybe sooner maybe later but I believe it will how if it makes that Eiffel tower straight up and then straight down and suddenly you're looking at it at 88 that's a big problem so this is what I'm looking at it is overboard I would not be buying toll right now money management says you don't have enough evidence right now even though I always say Stuck said make all-time highs in a bull move tend to do that even on pull backs and this is a major turn down I would rather wait say if you're looking to get in 96 and 92 that's kind of the area that I'd be looking at but if it actually pulls back they'll say maybe it's going to be a deeper slide so you've got to be very disciplined and say 9 is over the 14 very much so to get negative it would have to trade in the 87s or 86, 87 maybe even 85 so that means any pullback should be a shorter-term pullback at least the way you initially think of it and therefore I'd wait so and probably what I would do is I'd wait until it can get to the 94s and then I'd buy a call option a 95 call option maybe go out to February that's the kind of way I would do it because it really is in many ways overextended until you look at the technicals and you say wait a minute these technicals are confirming the rally it's not unconfirming it so that's why I'm saying for long you don't want to use options this is the area right here in the I'd start of saying the mid to low 90s right and I might change that depends on what happens in the next two days my next question I hope that helped you Frank but the other thing I would say is if you've been long congratulations that's fantastic okay I haven't looked at Crude Oil I'll get to Crude Oil but wait a minute there was another question ahead could I look at absolutely go LNC LNC LNC LNC is Lincoln National Corporation big move up about to hit resistance in the 29's we all do the analysis during the break I'll be right back the gold report 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 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accrue and I like it I think on a very short term basis that 200 period moving average of 2653 is going to be hit so that's just about a point lower yeah just give it a little if you're in it congratulations just hold it but if you're looking for a new entry just on the ways acting I probably want to wait a little bit even you say what's the point going to do after the big ugly candle that we're looking at from right here the week of the 10th of March or the high of 3117 and over 2551 we're already into that boss that would be upside target I'm going to do a little bit of work in my show coming up the Tiger Technicians that's my usual hour but in the meantime I'm anticipating that somehow we're running out of energy to the upside in the general market I like the action of crude I said to subscribers we might switch one of our entries that we've had forever that's in the db agricultural fund and maybe go to another fund that has the oil I didn't do it today although I was tempted to do it I'm liking the way it pulled the crude off the 200 period moving average look at that we discussed this on Wednesday Thursday Friday I said it's holding that it's holding that what happens next week so that would be important so this says crude oil could in fact start a pretty nice move here I think I covered most of it we'll come back in my show to the LNC and let me just run through some of these questions yeah okay so I'm wrapping up now I'm coming back for the news and I'm going to do the usual show I take