 The following is a presentation of TFNN the Tiger technician hour with your host Basil Chapman call now toll-free at 1-877-927-6648 Hello Basil Chapman here on Friday the 7th of December first first Friday of the New Year 2022 and we're looking at the Dow down 29 at 36,209 so the fourth highest peak in the jetwave is where we start to get a little cautious and right here we've been taking money off our long position on Wednesday morning I blipped out for my newsletter I had it all written in to say we're going to we're going to switch from the long side to the short side and we'll have and I would have and then I if certain conditions are met but we're going to start off by actually adding the short side to the long side just for a day and if certain conditions were met the one would be taken off and we would just be left with the other I never did that I blipped it out and say you know there's just one day there's still strength in the in the Dow look at the nine moving average over the 14th period moving average so it's a very selective bifurcated market we've been along and we want to stay long as long as possible that's the objective of course and we stayed in and I missed even even in today as I was on the road going to New York I saw these things happening after the Fed came in and the Dow just kept slipping as I went from up a hundred something down to I went to plus 45 and I was watching it plus 13 then I started to go minus I said oh man I should stop somewhere and say let's quickly switch right now but of course they would have been silly and I had to just watch it but this is very interesting look the nine is still well above the 14 this stochastic only now has gone under 80% and the bank the itself is still strong so it's saying to me that there is residual strength and that there should be some kind of a bounce I suspect the bounce won't get beyond 36,500 it'll be a bounce and over a period of a couple of days going to maybe Wednesday this coming Wednesday maybe even Thursday if there isn't a really big sharp sell-off today to get that nine the green and the daily chart down towards the black 14 period moving average I because to do that you really would have to see the Dow under 36,000 I think it's going to take time that's all I think we're in look the down by the end of the day I might have to call this a sell signal it hasn't given it yet on the daily chart weekly chart is still in a buy mode in fact the Magdy did cross positive this week we'll see we're out of poses at the end of the day and the monthly chart is in leg E right up against chaff with inside track repellent zone so I I've just been saying caution caution caution we've raised a lot of cash we're waiting to fall for some of those really big big stocks that we love and we haven't got in I want to want to get into him I also have to reassess to see whether some of the stocks that we are in the technical area meaning medical technology that's that sort of scientific technology that I've done unbelievably well went to all-time highs as recently and now pulling back sharply whether or not this is time to get out of those completely taking big profits there it's going to be an interesting thing I want to take a little time because it's such an important couple of days that we've got here the S&P look that is a much deeper decline from 48 18.62 all-time high on the fourth on the daily chart peak F I draw I drew this in that expanding red formation and look what happened we took it right out and even to this moment the nine hasn't crossed under the 14 period look how long it takes and how many points it takes to me we say say that way for that to cross negative off negative off to being positive to make the cross negative stochastic down a week at 69% on balance volumes we get the price in there to be still holding well but the long-legged doji says if by Tuesday there is a close below 46 I'm just going to say 46 68 just in that 46 sixties area there's a close below that it's all over for now in the daily chart and that's going to impact the weekly chart and that says that this digestive phase I'm not saying how deep it's going to go but I am saying that it's using it's going to use up time as well as price and look at the QQQ right at the Chapman wave inside track repellent zone peak a looks like a peak a minus going to be notated right here 408.71 was all-time high and 22nd off November I discussed the potential for a head and shoulders pattern this is such an aberration of that pattern I would prefer just to go with the Chapman methodology and say that second art formation in the M pattern right there at the Chapman inside track repellent zone being just repelled at level coming down to the 380 level yesterday now 382 almost 383 just down one that says yep here as well there could be a bounce but it looks to me in the weekly chart that we have started the undertaking of seeing a cell mode in the daily and a cell signal in the weekly maybe being upgraded by early next week to a cell mode in the weekly but we haven't got there yet and look at the monthly charge is that seen the notation of the Chapman methodology with that for it's 71 all-time high let me just get rid of that because that wasn't updated and long mega doji for December Jan is a big red candle so far and what we're only five trading days into the month so we can't say but all I can say is that a close under 272 70 which is the nine period exponential moving average also takes out the uptrend up channel inside track support zone in the weekly chart and of course that would say that you've got and yet another one to one to the expansion to the downside so all I can say is that if the QQQ by Wednesday of this coming week is not trading in the 390s there's a real problem and that problem is gonna remain for a little while longer however I do see internal strength in certain sectors certain stocks and because of it there is a situation where if you are selective and I'm gonna go to that in the moment for instance in the den folks again it's just a wonderful medium here tiger financial news network then that's just a chat room it's not really a chat room people don't get chatting away we talk about stocks etc. and a couple of one in particular one of our dentists said I really like the IAC Viacom that's the B shares I believe and he came in it was somewhere in the I wouldn't be surprised it was at the 29 30 area and now it's a 36 in leg E couple of people hopped on board or had already targeted it I spent some time talking about telephone all in the media telecom media area telephone I said that is an incredible move in telephone especially when so many people are looking to maybe they've already done it and now they're just kind of stuck are moving to different resources in order to get their cable and the internet etc. so all I can say this is spectacular move in telephone going from 22 up to 2026 it's a 2638 right now 27th maybe peak C right at the 200 period exponential moving average these are kind of impressive and what was the other one com sir com SCA that's Comcast if I can ever ever ever see em CSA yep I did it good if I can ever get it right type it in correctly com sir Comcast a shares media technology trading at 50 off the low of 47.45 you know I like this biacom and I would say if anyone isn't in it or is looking to get into it any pullback towards the 53-32 in a quarter area I'd say that's a nice stepping stone at your position or maybe getting even I'll be 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 markets open to give you the 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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 call now toll free at 1-877-927-6648 internationally at 727-873-7618 I've asked a lot of questions could I go through some of the overseas indices could I go through I discuss SDZ constellation brands I think it was on Wednesday when I did my show before I left and a couple of things others Costco the RTH the retail and the XRT also retail area so let me just do this let me finish up here the dollar is going sideways it's trading between 96 94 and basically 95 it's cool what was that low on the 30th that was around about 95 52 very narrow range rectangle formation however in the rectangle formation we see this in the cues as well to last a lot longer than your patience but when it breaks it can have one quick spike to the upside if the consolidation is at the higher level of the trading range of the power of the past hundred bars or so and in this particular instance we're looking at since mid-November it's been end of November it's been up in that in that higher range trading in this one point so one-and-a-half point range now my suspicion is that the dollar could have maybe one pop to the 96 90s again but that's not the issue the issue is that this pattern invariably resolves itself by breaking the support how long it does that a whole bunch of factors coming to play the magnies weak the stochastic is at 56% very weak the 9 period gone today is just showing an S forget it's in the trading range going between sell and buyers is short and long short along this is the way these notations are in the Chapman methodology 9 goes over the 14 it goes L and when it goes under it goes S and look what we've got we've got a from the peak D in the 96 94 range how important our peak is let me just show you something here while I'm thinking about I think that's correct yeah there's a peak D right there in the and this is technical Friday so let me show you something from the low that was made at 937 38 the little doji candle 467 500 low on the e-mini who could happen it ran all the way quick move peak a briefly one ball and then boom to leg be at 46 98 50 and then it stores and then what does it do it makes this cup formation with a rectangle I've just drawn this in so many charts lately that you've just got to respect this as a technique that can really help you technical Friday so we're gonna go through some of the technicals take a little time for that and look at the left side right side price time-match let me just draw you look this is the vertical line right here at oops let me just move it over this is the vertical line at 943 is it 946 946 with the higher 46 98 50 and look at the same line right here at 956 look how weak the magd is okay but it's starting to turn down the stochastic is okay but it's much lower than it was unbalanced volume is starting to turn down and within three bars kaboom everything goes down and all of a sudden you're trading from that 90 47 wasn't it 70 yeah 46 9 9 point 50 down to where we are now 20 points over almost 20 46 points 40 46 77 so that's how important these these are yep you got a G there but I'm also saying these will you lift your foot of the accelerator for a moment and assess and say well can we get an instant restart what can we get here and that's we become a little bit cautious so here we are we're looking at the dollar and the dollars being since the 30th I think I said of that call me the 30th 24th of November it's just been this sideways range and I suspect that it's going to come down so now let's look at goals in a little bit more detail gold went to peak a peak b peak c and then almost like a peak c1 c2 I'm gonna do this it isn't quite but I in the Chapman methodology this is a pretty legitimate peak c1 c2 a very quick pullback and then goes right back to within just pennies or in this case dollars of the previous high and everything starts to turn down coinciding with the potential double top peak c1 c2 c2 acts like a D and look at the manky turns down stochastic turns out on balance volume turns down so here we are this is so critical for the dollar look at this trend line and it's turning into a Chapman wave inside track buying this is this is usually the buy zone if it fails it becomes a repellent zone so this should be the propellant zone it was for a moment and now look what happened came back sharply I suspect that we're looking at the sideways move here in the a kind of a rectangle formation also within the let me just extend this you see this inside here I don't like messy charts but sometimes I have to keep things in for display purposes even though I'm looking at it slightly differently but just for educational purpose look we're still in the rectangle and all I can say if the dollar on a if the gold on a weekly basis closes under the low that was made in the week of the 17th 1753 that is really poor action however if it's able to not close under huh it's already there let's go not this Friday it's called next Friday it's given a whole week it was able to close above 1798 I'm just going to say 1800 if there is a close over 1800 regardless of what happens interweek next week it's Friday is close a week from a basically a week from today as we're speaking but have to close if gold actually manages to run it sharply as the dollar comes back down I think we have with with the talk of inflation although with the jobs today 200 000 weaker than it was supposed to be at 199 000 instead of the 400 000 I'm suggesting to you that the Fed is it stuck between a rock and a hard place we used to joke Iraq and a hard place but now a rock and a hard place the traditional expression um they want to they don't want to start raising the rates when you've got numbers like this but if the earnings the hourly earnings are starting to rise there are a whole bunch of things that are going going right for the economy together with the fact that if demand for businesses etc is increasing you would normally see rates rise well look at the rates look at the TLT the TLT is at 140 to 60 plummets from 10 points from 152.90 over 10 points from 152.99 area that it was at uh just the beginning of December that means rates now did I keep that no I didn't I'll do this what I do for my subscribers to my opening call over the weekend when I do my overview uh long it's almost like a webinar I try to get as much in as possible it's almost uh sometimes I can be almost an hour because it's they are so many this is such a critical level so many people that want to know what do we do what do we do and my contention is that in the long term we're only in leg b in this s and p in the chapter weight methodology somehow some way we should still go to a peak c higher peak c we haven't even made a peak b yet but a higher peak c and then a higher peak d and then we've got to be very very careful and that takes us all the way through the first quarter or more um so 21.09 is 2.109 is the yield on the 30 year t bond the f y x the t and x the brown one scream to the upside it's at 1.75 right now and this is leg a b c this is leg d in the weekly this is only a leg a in the 30 year but leg d what a mix of things and look at this is e a b c d e in the five year which is overlapping on this is incredible what we're looking at at 1.49 in the five year that's it's a yearly high more than a yearly high i'll be back are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com the tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the den and surround yourself with the sharpest minds in the trading world subscribers to the tiger's den are also the first 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even months searching to find and right now we're offering licenses available at only seventy nine dollars a month we are so confident that you're gonna love this new charting software that will even give you a 30 day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com so we're looking at tx the fvx the tnx and look at this look at that breakout uh i mean that basically is just saying that yields at this particular point are now in an uptrend in the weekly chart they've broken the downtrend oh this is something to keep keep in mind i'm going to just take one second i need to click on this particular come this computer on the left side look at the one on the right side uh yeah a couple of questions tnx yep at 1.757 set thank you 23 build uh we're also looking at you give me one second i've got this coming up i want to do a couple of things yeah technical fridays i needed to do this give me one second got that now i need to just click on my very old old system oh and this particular computer i just love it windows live mail uh 2012 i i still love it it does exactly what i want it is so easy except it does have a little problem down again and i wanted to check paul sent uh t-mobile has taken over the phone business they tied to the oh corrupt m's ready all right i'm not getting to the politics here looking much better today so t-mobile i'll get to them in a moment but look at this the ice is wood uh is the symbol wod is the etf symbol for the global timber and forest etf holding quite nicely near the highs it's 91 58 up 40 cents right now uh peak a b c i'm not sure if that's correct uh but what we're all looking at is that the Philadelphia housing index is pulling back a little bit but it's still closer to the highs and that's really what i'm talking about when i say bifurcated means that some of the um some of the action we are seeing even with intersect and now let me just go to this i'm going to just close this out you had shown it so close workspace save yep i'll save there we go yes to all and here we go so i is a team ma's i'm trying to think of t-mobile t-m-u-s i looked at that as well the other day yep there it is uh t-mobile i didn't finish notating goes to peak c in the daily and then pulls back and that's exactly what i was talking about the reason why i stayed away from this one um is when i was looking at perhaps what could work is this one really look at the monthly chart look how deep that the decline is from the doji candle high uh and this just says to me this one is under a lot more pressure and the monthly actually this is the whole month i can't look around it as if it's closed but the the s is for sell um in the monthly chart but we've got to wait for january this is just saying at this particular moment with the whole month to go three weeks to go uh it's not acting well and the weekly chart has got the dreaded h pattern so the other ones that the more in the media like via via calm uh more like telephone very nice Verizon i didn't do that one Verizon very good action uh right at the turn to appeared moving average for Verizon not not a great but it has been stuck in the rectangle formation that rectangle formation says my rule of thumb is watch when it goes to the bottom if it holds the bottom it can start to attract towards the top question i had was could i look at some of the steel stocks have i finished everything else no i haven't but let me just do that for now since i i tend to forget about the questions because i get so busy with everything else just look at the slx which is a seal etf really nice rebound to peak c at 50 55 the main all-time high of 68.42 back in this is that sideways action with the double top cup formation then bam it goes right under it and the 50 that may 14th high week of the main 14th high now we're way down we've gone to the 50 level we're up at 55 5 but 10 percent is not bad it's holding quite nicely but look at u.s. steel look at that move 22 just under 22 to over 26 trading right now 2470 and i suspect this is the kind of flurries that you're going to see in the different sectors and we're seeing that right now with the steel stocks u.s. steel trading down eight cents at 24 69 just three days ago it was over 26 that's almost a 10 pullback and yet look at that move from the from the downside of 20 let's call it 22 up to 26 that's four points that's nearly 20 percent 18 percent so what we're all looking at here is you've got to consider exactly what's going on in each one cleveland cliffs clf clf same thing fantastic move from just about 19 under 19 all the way through the 24 and a half i just under 25 now it's a 23 24 and you can see it's done this so often and what i'm saying is cheat the character of what you're looking at as the character going forward you know a lot of people say don't think about what it's been think about what's to come and i say no what is being can tell you a tremendous amount because look cleveland cliffs has basically been an erect angle formation or an erectile will call it so what we're looking at here is look at this has a spike and then comes down has a spike to 26s back to the 19s up to the 25s and now it's pulled back and look at the rhythm jup jup it has 1 2 3 4 5 6 7 8 9 10 11 12 bars from 2651 back again to the exact pin to the penny top for seven points from from 19 i mean that's a huge percentage right and then it comes all the way back and goes to the same price to the downside and then all the way back up and i'm just saying to you please keep in mind that these patterns repeat and you're now the risk is at 23 37 that a chunk of the upside move is as has been made and now has to pull back a little bit to reestablish a base in the 22 21 area and then maybe a sauce move above 25 and then it gets reversed again i don't think so i think that the body of trading in the in the candle says that this could start to fail kind of round about here and then you start to get your big red candles coming in so please any move in cleven cliffs flat roll steel iron all pellets took over ak steel which we used to use as trading vehicle any move that closes above 25 25 says fabulous action no we want to go towards 2650s and then come back down again or maybe even break out but at this particular point i think this is an emotional thing saying the the the plan of the plan of the infrastructure i just don't see this plan be implemented right now i think it has to install them to install for a little longer to keep that in mind let's just have a look at cx they came in a few days ago and i forgot to look at it yeah this ran up to peak e peak f and now it's pulling back from peak f in the chapel methodology this is c max s a this is a mexican cement company when it comes to infrastructure they should be real winners but it's pulled back from 6.93 to the five point it's right now 6.54 and i think it's going to be pulling back a little further but keep this in mind this is one of those very low priced ones that has fabulous percentage moves to the upside because 1.55 all the way to nine back in 2020 going to the high and mid 2021 and then it pulls back about uh not quite 50 percent not not quite 30 percent 33 percent it's kind of in the middle there so keep in mind you've got to be very selective here now a couple of questions came in um cleven cliffs uh clf and a question came in should i take profits here i would rather let the chart tell you rather than me because the magnet is good so castix at 18 percent on balance volume is weak a little bit what i am going to say is why don't you take a little bit off there 2326 but if it goes into the gap the pullback could start to become very severe and that means a low below the low of three days ago 2379 uh any any trade below 2375 and i'd say yeah i think well 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 seven two seven three two nine eighty three twenty two or email us at tiger at tfnn.com that's seven two seven three two nine eighty three twenty two 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 paper whites 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 value tech stocks as well as entry prices target prices and stops to set for each trade david delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only 37 dollars and 50 cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try at risk free today with our 30-day money back guarantee tfnn educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear ETFs visit directioninvestments.com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv hi folks we're back down down 65 this is what i'm saying that they should be ready attempts but i what i said to subscribers i wouldn't be surprised if you saw it's the lower highs and low lows as we in this consolidation phase and now we've got catch up you know this is not the catch up for hamburgers this catch up in the in the dow having pulled back for three sessions copying now the weakness of the other indices and that to me says a lot because now we're getting great selectivity look at the estimators oh wait i didn't finish i have to finish we went to gold and now i want to look at silver i had a question could you please finish all the commodities look at this arch formation the dreaded age pattern and that's just saying to me you've got to be even that's what i've been saying bifurcation is everywhere it's even within sectors look within the metals you've got gold holding quite well there's the silver look at that monthly chart that is i mean even here well it's the first week of january but it has got an s for a sign to say that the nine period in the monthly has gone underneath the 14 in the week it's already been that way way back from the 16th week of the 16th of july we went across over negative what a wonderful tool this is now the next thing we're looking at is the weekly cell mode remains in place the monthly cell mode and silver remains in place and that's the reason why i'm saying that there's this tremendous selectivity and if you put it together with bitcoin bitcoin's trying every every day tries to hold and it can't and it's fading it's at 41,090 uh 41,100 down 2100 and it's just look at this uppercase it looks like the eiffel tower straight up straight down to the weekly peak d uh the monthly leg d goes to a peak d it's the same thing and i've been saying for a while that we've got to be very selective here and if you're doing any if you're playing any of these and you i can only call it playing because we don't have a a signal to say the buy mode is even close to in place there's nothing it's a cell mode in all the time frames and that's just saying that money and this is what happens the areas that have had the greatest success when the general market starts to turn down and that's the reason why gold sometimes you think it's going to have a fantastic move because the market's pulling back and such an inflation blah blah blah whatever it is and all of a sudden your gold stocks are acting very poorly and you say why is that because sectors that earlier on had a good move sometimes are used to fund um what the weakness that's coming in and people want to raise cash and they raise cash in the areas that were good now what i am looking at here is within the bitcoin it's gone underneath the left side low and that's really important and it says we're going to have a whole week next week in which you want to see bitcoin this is the future's bitcoin futures continuous contract close above the low of the week of the 24th of september i'm saying september do you realize that that's where's that four months yeah four months ago um so that what we're looking at is no five months ago almost five we're into the fifth month that's 41,165 if there is a close above that it says nice you've got a little bit of support there but a close certainly on a weekly basis below i would say 39,500 says uh oh this is a big problem for bitcoin money is not coming out and that's the reason why it's surprising to see that gold which which is now down again down two points is not participating as a place to go to and that says to me that you're starting to see weakness in sectors that have held well now i'm going to go back to this smh's to say rectangle formation going all the way back from the low of perhaps let's call it november in the two nineties spirals to the all-time high with 18.82 to 22nd of november and what have i been saying for months i've been saying it's uncanny actually it's for years you remember even the pull the drop that we saw over the last what was it going to the mastering third low where we started to go along of last year of 2020 i said it's amazing how many times weeks go by days go by weeks go by even months and sometimes even years how prices love to go back like a magnet like it's like like fund managers said oh i remember 222 whatever it is on such and such and we're at 110 i think we're going back and then finally it gets 222 within pennies and then it pulls back and what do we see the smh's went within pennies of the 318.82 november the 22nd high after going back down under 290 that's 30 points of 10 correction kaboom it has a rally to 318.69 just four days four sessions ago and here it is failing it's down eight right now 297.97 and that's what i'm saying that even with insect as we said hey wait a minute applied materials was looking fantastic went to an all-time high in an alternate count f slash c in the 162 area just above the 159 round number over the 16th of november and here it is down at 152 we're looking at advanced micro devices and i said when we had a call a question the other day we were in the 155 area and i said you know this looks to me like it's making the dreaded age pattern yes at 132.44 down 379 advanced micro devices peak g in the daily 164.46 all-time high back in the end of november look at the weekly chart peak d i might dreaded age pattern here in the weekly and the g slash b in the monthly chart so we don't have to do what the monthly just yet because we have to wait for a lot of things to happen and look at this you've got uh what was that fantastic stock marvel i kept saying what an amazing company all-time high of 93.85 great earnings bounces up around about the first week of december gaps up doesn't even full the gap it goes above it closes above it for a whole bunch of sessions comes back in still hasn't taken out the low of the gap going below 80 it's trading at 82 right now it's on its way in the dreaded age pattern to test very significant support at 80 and that's the reason why we've raised cash a lot of cash and we are very selective right now and all i can say is that when i'm looking at these semis the s o x s and i had questions about look how tough it is i had to buy and then i took it off on wednesday of the s at the open i was going to say buy the s s o x s the three times short but what is that i don't know who that is i'm not interested let me just get rid of that right i'm in uh mensa i don't know what that is and i don't even know why it's here how did that come about all right so how can i get rid of this i don't even see an x here all right there it doesn't matter um what we're looking at is the s o x s is a 379 380 but the day that i wanted it i took it off the list i said no i'm not going to do anything why i just don't know where to put the stop so if we have bought at 319 at the open at the open uh that was on was that wednesday when what's the friday thursday went out was wednesday so wednesday at the open of 334 i would have said let's have and i would have put in a fairly tight stop it went down to 324 so 10 cents i mean that's that's a lot that's a lot that's more than three percent on the downside and now it's turning to 380 and this is just saying to me that even in the areas that um even in the areas that are working towards the short side it's really tough to actually play this right now 380 question came in would you buy the s o x s right now and i'd say i would buy it but i would not put the same kind of position on it i would have put before i just leveled at 380 and i'd hope for some kind of a feedback to the 362 level maybe to add but you could have to have a wide stop because even here it could be a sub bias but yes i do think that it makes us want to go to testing uh sharpening your skills as an investor is like getting better at playing a 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this the vix index is up one at 20.62 and i had said earlier in the week if we start to see the vix close it has to close and have a strong following session whatever it is close above um uh what did i say i think i said 1983 to 2035 something in that area and yeah we are 2056 and that's a start we'll see what happens coming into the close today and and monday especially with the smh is now starting to tank and of course that includes Nvidia which was an amazing stock and now it's got a real problem on downside we'll be watching that so i've got a couple of things i thought i'd do just before we wrap up um yeah i've got a screen a screen and shows this is what i'm showing look there are some screamers that i'm looking at you how do you play them you've got dhc whatever that is as diversified healthcare trading 3031 cents look at that move and the screener says it's in the single digits it should have a nice percentage move if it can go on a strength almost at the opening the next day and here it is it's down three cents but it's holding very nicely the next one was pten pten is uh paddison uh something uh the energy very nice doji candle peek a b cd it's in leg d and it's saying that these are stocks that have had good moves and might even continue if certain conditions are met pg re which is paramount group a very nice move up look at that weekly chart single leg a to the upside it is a b c a lot of these are indeed above the 200 peer moving average at nine dollars and 56 cents pg re so i i have these stocks and i follow them for subscribers and every once in a while we grab them to see if we can get a screamer uh we'll see what happens here and they're gog gog l golden ocean dry bulk shipping holding quite nicely and ex was another one and i've had this for a little while this is oil oil fuel solutions so yeah kudos to you very nice if you ever kudos stock based based on stock and the xlf of course we spoke about that during the week spectacular move leg d good move up very nice action make