 The following is a presentation of TFNN The Tiger Technician hour with your host Basil Chapman call now pull free at 1-877-927-6648 Hi everyone Basil Chapman here. This is the early edition being recorded in 806 a.m. Eastern time on this Wednesday the 16th of March and be replayed in my usual time This is okay to do Show right now eight o'clock pre-market and my normal show would be at 10 a.m. To 11 a.m. But whatever I say now at 230 to 245 this afternoon after the Fed speak Anything can happen. So we'll go through the whole scenario We're looking at the down yesterday to close up sharply But if you're looking at the little cluster pattern remember I said yesterday This is the that this is the fifth session from the low One two three four. Sorry today's the fifth session yesterday was the fourth session and that in the little history That we've got all these lows that have been made That fourth session going to the first session is really important because this is where you can get an acceleration Higher most importantly now I'm going to go to the futures because that's what we have to do This is pre-market futures up very strongly in a new legs see now in the champion methodology when you go very quickly off a low And you get to peak a then like one bar rest and then a peak be like it did back in the end of fair beginning of March Then one day rest and then another slightly higher high and then come back down That's that's normal. This is the third. This is the second time that we're doing it We've done it three times before but it was much bigger from the low that was made 24th of January So this is really important why because the futures have already spiraled up 413 points to thirty three thousand eight forty one But as I said to subscribers to my opening call this morning I said and we were able just in time to get a study started along in the diamonds yesterday morning As fractionally higher than my preferred price, but we wanted to go along I'd mentioned a number of times in the years later, so What we're looking at here is within the context of peak a which was after that last low of the 8th of March Strong move up just slightly above the previous days high on the that's on the 9th Went to thirty three thousand three thirty nine the futures pulls back under the 90 may just can't make it the pink 90 may Next day it goes up to a higher high Thirty three thousand five eighty eight pulls back just can't close above that nine period moving average all the 14 Next day touches the 14 one day rest and then yesterday We had a very strong candle but did not make a new leg see but we went to legs see this morning And now it's really important because the thirty four thousand and seventy 200-period exponential moving average now go to the cash because the cash is a little different We already made legs see yesterday all underneath way underneath the previous side of thirty four thousand one seventy nine So this is a really important moment all the all the Technicals that we were looking at but that's what we mean such my subscribers to my opening call all of them were suggesting that Having a hard time getting Bell's a truck to load to the screen. It should quite a number of people say it's good So I hope you can get that JB What's and JB? I had a high reading in the trinkets yesterday as well And that suggested that the S&P should have a strong move up which should help the market today It's doing that right now. So this is really important. Look what's going on The Dady had the mag D for the very first time since across negative back on the 16th affair Cross positive to me that was important That means these little histogram the zero percent line of the moving average convergence divergence Cross positive and usually you don't just immediately turned out you can but Once it takes the time to cross positive as usually a good sign at least for a little while could few days Maybe it could be longer Stochastic is very weak at 40 the on balance volume didn't give us a nice V-shaped turn Actually, it started that about two days ago. So that's important now. Let's go to the E mini the ES I'll go to this is the continuous contract. I actually haven't moved to the next To the June yet. I'm still on March. I don't have to do that until the last minute Meantime, but this is the continuous contract up 57 pre market How many times have we seen this up and down 50 60 70 points? Well, we're up 57 and 43 11 We have not yet seen this is a new peak a gray peak a right here a Gray peak B and yes, your legs see this should be grabbing the time to change it I see the MACD did cross positive yesterday, and that's really important. We went above now. Have a look at this I love doing these trend lines. You see this trend line This goes all the way back to August of last year and it's just held Beautifully beautiful. Look where it hit. It hit exactly. This is called a chap weight inside track Propellant zone so far. His acting is a propeller zone We didn't even get close to it over the last week and a half after that low that was made in the 24th of Feb This is a continuous contract and that was at 42 4093 point 23 so now at 25 and now what we're looking at is you've got these Resistance levels chap we falling axe formation right here. I started to get a little messy I don't I don't like messy charts, but anyway, that's what we'll deal with and that says This inside track Repellant zone is going to be very important going to the 43 61 200 period exponential moving average So that all of that is really important now I don't personally like these huge moves up, especially when the Fed is about to talk today once in a while the market does presuppose what they think is going to happen and Continues whatever the direction is regardless of the Fed I'll get to that in a moment because we want to be looking at many other things Most importantly in this e-mini chart I wanted to point out that from that low that is actually the starting point you can count even though this a Up there on the Third of March is way up at 43 32 and then this a is lower The starting point is there at every peak successively high or put a C That shouldn't be there I have to wait for a C a C will start in the e-mini continuous contract at 43 27 Okay, we've got that out the way This is quickly finish up the queue 1 2 3 in QQQ trading a 3 3 4 point 30 the end queue and I was talking to I Missed my our caller yesterday, but I was doing a lot of work on the queues yesterday I said this is a this is a good sign so far and that to see the queues actually move much higher You need to see trading into the 14,000 is trading right now 13707 very big move 259 eight points up not quite as big as he has but it's still pretty darn good You want to be able to see Trading above the 14,000 level for a couple of days to say you've established some kind of a low IWM the Russell 2000 Russell 2000 is trading at 198 point 16 up to 38 pre-market. That's a good sign not good enough You want to see 203 to 205 by Tuesday early next week. All right now. This is important. I wanted to go to gold We should be getting a break any moment from there here there it is It's a gold is trading down five it's gone from 20 78 down to 1924. You see how those holes I'll just solve it quickly silver is this is trading down some in 2507 as what's really important I don't want to spend a little time on the interest of the TLP Roll is that 96 I'll be back. This is the early dish. What's separating you from the most successful men and women on Wall Street? That's right Information having all the information gives us the perspective we need to place the right trades at the right time The TAS profile scanner is the premier market profile base scanner Powered by its acclaimed TAS proprietary algorithms. 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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 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 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 Call now toll-free at 1-877-927-6648 Internationally at 727-873-7618 Hi folks, we're back Basil Chapman earlier edition at 8 18 in the morning and we replayed to get this at 1018 so that at this particular time So we're looking at Crudeau at 97 10 up 68 cents Look at this big move 130 point 50 down to the low yesterday now It's changed just above that low in the 90 97 area at least for now It's saying just for the moment oil is not an issue even though it's extremely high It's not quite the issue that it should be that's number one. Number two is let's just look at heating oil HO Very much typing then wrong place. Oh, that was a mistake. Let's just do this again. Oh, okay. Here we go heating oil HO HO there we go Also very sharp move down. It's trading at $3,000 3.0963 and it made a high on The ninth at was 4.670 This is a pretty steep. This is the Eiffel Tower straight up certainly couldn't start a new move trying to get to the 370s at some point but this point is not an issue a dollar the dollar right now is trading down a little bit It's done 56 ticks at 98 point 49 Hopefully it's just forming a high level consolidation yet because I still see they remember for me the dollar is an icon of The US economy and that's number one But it's also an icon in the whole currency area of the favorite being the favorite go-to Currency and we're looking at here Eur USD upside down look at that same thing upside down at a very nice spike It's holding will it go down below the 1.08 area There's a chance that it could start a sideways move here now we get to the real issue US bonds This is continuous contract of the 30 year T bond continuous contract Starting at 152 and 330 seconds. They made a new load today. This is what the Fed about to use Fed speak So the load today is 151 and 630 seconds. Look at the TLT Now there's something that's going on yet with a seat I've been talking about this for a little while and say, you know, the Fed doesn't Necessarily have to do anything dramatic because the T bonds have done it for them with t-notes as well Most these t-notes they want to look at that's number one number two is look at the TBT This is the inverse now I have number of people over the last couple of days have been saying look We've been long the T the TBT because we're looking at the patterns that you've shown for a while And it looks looks as if the TBT is about to bump into resistance. Yeah, so the question came in really good question from Jim Battle review TBT daily weekly monthly my question. Hi, you know, you do this so for nice and formally beautiful little Insertional trying to determine if monthly will hit the peak see my question Would it be left side right side price time match? Yeah, so here we go Jim We're looking at leg F snazzy in the daily chart having hit 20.81 trading at 20.80 right now The MacD did cross positive but in a very whoopee way, but it's positive The line is flattening out at 19.30 as long as it holds over 80% that's good If within three days you see what happens when it goes quickly over them The stochastic goes quickly over the 80% level and then dips down below it That means you're about to pull back and what it did was when I made that peak E at 20.37 round about February the 16th yeah February the 16th 28.20 pulls back to where the this fantastic 200-period moving average So what do you have any times it's hit that like a cushion and then like a trampoline and this time it was a trampoline It hit that on the 17.90 something of 70 point 91 on the 1st of March And it ran up all the way to yesterday's high of 20 point 91 So this is what the question was left side right side price time match Well, let's look at it. You've got this beautiful cup formation the high that was made in the TLT This is the ultra short Lehman 20 year t-bond fun ETF and it went to a week of the 19th of March 2021 it went to 22 point 60 Pull back very sharply to the 15 point 60 15 point 53 level the third the week of the third of December And now very quickly it's gone up now the chap wait inside wedge Target resistance line. Well, first of all, this isn't a plus anymore. That has to be a buy mode Even if it pulls back here. The stochastic is at 78. It wasn't 80% So this remains at least for now a buy mode it could fail But this is the way it is like these strong. This is the weekly chart. We've got a left side high That high that I mentioned That was March wasn't March the night we can 19th comes down I can't use the left side low Which was the low of the third of week in the third of December why it's just too lopsided. So what I chose was To use the high right here whoops needs to be one take to the right. I use this high the high of 19.01 19.03 the high of the 15th of October goes up there He gets extended one more time So that says that by give it give it a little while See how beautifully the resistance of the chap make inside wedge Target resistance line green because it's going up. It would be pink on the way down if it was going down and that says before May This is way too far before May the 11th. There should be a rally that I actually am going to change this a little bit I I like to go to the inside where just the as the target line. I'm going to say bye The 22nd of April that's a little over a month about six weeks from here March Yeah Five six weeks from here There should be a test of the high that was made on the 19th the week of the 19th of March of 22.60 that also says the key support now is between 20 and 19 that should be your key support level So what I was saying before is if you look at the yields, this is basically the yield right if we had to go to the TNX If you go to the TNX it has actually broken out This is even a this is even a stronger. This is the tenure. I mean this you see I need to take a time to do this because it's so important regardless of what the Fed does and how they do it What we're really looking at here at 21 point six seven two point one six seven is the ten year re yield is The patent in the monthly chart that went to a high after coming down sharply in November of 2019 to nineteen point seven one Slumping down to the low of March. I believe it was a twenty twenty yet March twenty twenty two three point nine eight It's actually point three nine eight. I always do this This is the large rectangle and the large rectangle says it could make a lot sided stair-step move back towards that high Going just under right on or just above the left side high and look what it's done It's gone that even higher and that makes this level within a half a point or so of Nineteen point seventy one one point nine seven one that was made the Yeah, November of 2019 that makes it very strong Support it can go a little bit lower with that saying it's the way and the monthly chart says deals are This is a by-mode because the stochastic city percent of the beat bank is very strong. It's way above the ninth-grade moving air to yields are going higher That's about as simple as for me. So I'll be back to you to just sum it up Jim I'll be back in a moment. Are you looking for a way to consistently add winning trades to your portfolio? 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I Suspect that soon Normally what would happen on on Fed days that if the market is down a certain point up until about 12 maybe 12 30 or up a certain amount the sauce to narrow as it waits awaits the 2 o'clock timeframe where the Fed makes its makes its announcement and then if there's a meeting at 2 30 Then you can go on and I'm always say wait a little bit until 2 40 and that really tells you direction of the market Going into the close But I suspect that the high that we've just seen at least for a little while is is unless there's something really spectacular That comes out. This is a lot of optimism up 54 points before the Fed speak But as I said before now we go back to the bonds as I said the bonds are telling you this is a TNX I I wasn't going to do that. I did this yesterday. I'll do it again today So a lot of people have asked me could I show the chart? I'll do that. It's got a black background Hopefully you can see it quite nicely. Look This is the 30 year yield the white the brown is that the 10 year T no yield the 5 year is the cyan That's on the left side. Then you've got The wood the ice shares global timber and forestry ETF on over here Look at that rectangle formation has been going on since April of last year Well, maybe let's call it March of last year narrow rectangle can last a lot more than your patients So it breaks out one of the ways this usually breaks a propeller shaft down to the downside and get its health beautifully Hybrid copper didn't do that. We'll go back to that in moments Look the Philadelphia housing index. We're at the lower end of this big arch formation And we'll see how this holds at 431 if it starts to go under 425 that's going to be a problem So far, it's at the lower end, but it is holding. Okay. So now you can see look at the yield This is the well is changed right now. It's 24 88 2.488 But it was get to 488 made a higher high. Look, this is a weekly chart Look at that a break out above 2505 in the yield goes above the yield that was after always forget these things to the date was March of 2021 It went to 2505. It's 2.505 Yeah, it is retesting in this very nice lopsided cup formation Look at that the cyan five year and the tenure are so close out when there's nothing that they like this 2.1 2.167 and 2.5. I think just hit that button right there Okay, now to see this button Right here and 2.13. I mean come on that's so narrow. So this is a the Fed This is done the feds work all the Fed now has to do is formalize it And I can do that in a quarter point threatening the 50 point not threatening Suggesting that we could go 50 50 and even another 50 But it's the work is done all they're going to do is formalize the rate itself and the formalize that that makes it That's important because it means that you've raised the base And that's going to be very important. Okay. Now. Let's get out of this and what I want you to do is I wanted to show you As I said, I think that we've seen some kind of top. No, I'm not trading right now Unfortunately, otherwise that would have been a nice at least attempt to have some kind of a short for a little while There it is that the Georgia period moving average off the PD in the one minute turn the e-mini This is this is still the March contract. I don't have to change for another day or so So here we are pulling back now only up 49 50 and there's your rectangle formation in the 10-minute chart After PD there as well right there and that's what we're looking at if at any point We're at 43 12 we start to trade not just go under but we start to trade with 4308 as a resistance We could see some kind of a pullback and that pullback could hold still really well But pullback going into Fed speakers a long period between 8 30 834 in the morning when I'm doing the show, which will be repeated at my 10 o'clock time and Two o'clock in the afternoon. That's a lifetime in this particular market. All right. Here we go a couple of things I want to look at here So I had questions about so I'll just sum it up that the TBT it might just be bumping to some kind of resistance here But looking out just from the chart formation and that can always change I would say within four to five weeks. There's a chance that we're testing the left side high and that was at 2.26 oh 22 point 60s of age typed in for me So and in the meantime, you've got good support between 20 and 19 2.00 and 1.90 Okay, I hope we've done that our next question is Let me see. I'll write them down. Write them down down oh Yes, I could you could you go through some of the Patterns that we're looking at the other like wheat. Yeah, that's wheat is trading down 28 to 11 28 I suggest to you that this Chapman wave Roman candle of I Forgot to put the date of The 8th of March at 30 63 and a half is a continuous contract of this price will also change three Yeah, I forgot what I said Three eight. I think that's it. Is that right? All right. I'll just I'll put it in a three eight now I'll check it to see three eight Three eight. I suggest to you that this is now in a consolidation phase And it's going to be really important if we start straight back over 12 16 That's going to be important. That's a uh-uh We've not resolved any issue there, but if it trades down below a nine 980 it doesn't have to actually hold it just has to go down to 980 It says, you know what we've made an upside limit for now it's still in play, but it's not as strong as it was and I don't want to go into the geopolitical side other than to say wheat would be saying that That there's some least shorter term resolution And that's what you'd be looking at within the context of Soybeans soybean made a rectangle Top is stuck in a range between the 1756 ish area that high that was made and I'd say the 15 Let's just say 1590 right now It could make the cup formation. Sorry the arch formation within the rectangle But if at any point soybean starts to trade the 1705 or higher It says, you know what stasis move towards the most recent high and that's important looking at corn see Uh continuous contract. This is stuck in the rectangle formation high level consolidation So all of these grains are saying and you remember we are still along the dba It's saying as well that the highway that was made in 22.64 august the eighth It's stuck in the range in the higher range. It hasn't started to break down yet So the agricultural side is still a big issue. We've talked about inflation the longer this stays in the higher range The longer you're going to see All the prices in the supermarkets You begin to see the packets get smaller Six ounce becomes a five ounce Uh, that's the way it works and uh, you you actually pay more for less It's just a beautiful way that is done. We've watched this three years decades now You think they don't mention it, but you think you're getting the same thing but actually it's less And they bump up the boss. So it's a lot a lot more than you would expect All right, we've got a break coming up and I've got questions. Yes, we will look at the xlf. Good question xlf Pulling back. What could the xlf do? 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That's tfnn.com and hit watch tiger tv I was just in terms of the double top pattern. I had a question about that. Yes You see this double top in the e-mini. Uh, this is of course only at 8 42 a.m When this is played at 10 42 who knows where the price is But right now we're looking at the 43 23 000 round number high being retested And I like to do this. I like to say let's compare that Vertical line to that vertical line. Are the technicals improving? Are they worse? Well, they much worse and that says now there's some bias towards the downside Unless you use time and these technicals start to improve later while the price holds That's when the ball bouncing because The balloon is in the air and for some reason with the currents The balloon holds up even though technically it should be falling and then when the wind comes back It retests that high But I'd say 306 under 306. What was the low in the last few minutes 306.50 in the futures This of course is I'm doing the exact same pattern, but different price will be for the june I haven't moved to the june yet. So this is the march, but the prime principle is the same So I was saying saw us to close underneath 40 306. That's a different kettle of fish altogether Okay, that's just doing about the double top pattern how I like to measure it And you can see how that's a very simple technique. Now. What I want to do is the question came in about I'll go back to the X that I for the moment, but a question came in that I think is put into right now and that is Hi basil if the tx is up so much and the qqq also higher Other q is higher because of chinese tech up move. So I I want you These are really separate things when you're looking at the the yields the yields are up for many other reasons So let's try to cheat to cheat them. You know, I said Vixing volatility index bondy bonds goldy gold Dolly dollar and now I've added crudy which is for crude oil You've yes, they come together But try to think of them separately because each one has its own momentum So let's just go to this and say the cues are in another area altogether To to yields they happen to maybe coincide inversely and now In terms of the the core which is the bonds the tlt they're getting in the same direction But no I like to think of them separately and today they're going to be dealt separately by the fed And I you know, you got to think of the fed as now Yes, it's part of it is part of media In other words, all of a sudden pal Who was a very quiet person before becomes part of the media and the media you remember I said It's the greatest force. I grumble about both sides in the political spectrum But I it's not just the politicians. It's the media that controls everything. Look at this everything. You're seeing here with Ukraine just 24 hours a day and that just filters well There were other conflicts that were going on Abidjan, they were just uh, just 2020 Things happen and you didn't have the same media context. So I'm not talking about right or wrong I'm talking about media infiltration and flooding flooding the the news the news with that So that can bias you so we don't know all the ins and outs of what the administration really knows or doesn't know So it's very difficult. We can only take it from the as bystanders and try to put it together It's very hard. There are some things that are pretty concrete But there's a lot that isn't so fx i which is the china Large cap etf Plunders and it goes down from basically the 38 39 area Just most recently in in january february to the low yesterday just above 26 26 point 13 Now it's a 30 point 34. It's up 30 3.27 percent up 12 percent. So that's that v shape Turn around that cannot often happen. So try to think of them separately. So think of this The cues The um, and let me go back to the nq and the fx i Don't have the same pattern But they have the same contingency. In other words, the cues have a lot of high techs fx i has has a lot of um tech sector even though what you can't really call bubba Uh any bubba just purely tech but really it's it acts like a tech and yet it is just like the fx i and it's gone from over 300 Down to the 75 level 76 75 and that is what a what a Horrible so this is either an oversold balance is up 20 percent up 15 and 92 So think of them separately because in three weeks time There's a chance that They don't all match. They've had a little bit of of the same action But if you mirror image them, they're really different. We could find that um the fx i the chinese area and the fx i in particular Have a bounce and then they fail and make even lower lows We just don't know the cues in fact could have a rally and ready even stronger But not going all that far So it's just percentages. It's a whole bunch of things But just at this particular moment We are so oversold in all these areas. I didn't do this today But our arkk will be a nice benchmark to say having hit a low yesterday from the 125 November high to yesterday's low of 53 was it 51.85 Trading right now 55 75 up 2.5 percent up a dollar 36 There's a lot going on. So let's try to separate those and just at this moment You're going to get a even if there's a pullback in the general mark You will get at least into Interday you get a very big spike up in some of these areas And we'll be watching that let's see on the weekend when I do my opening call Overview my video for that Let's we'll be looking at a lot of these things and saying where are we what happened that that's number one The number two is we're going to say what is working and what is done for subscribers I'm trying to I'm trying to be in areas that are I wouldn't say under the radar But with a different kind of a focus one isn't going to be an engineering stock today that hopefully we will get I don't know if we'll be able to get it. We'll see I didn't want to buy a gap up I have to wait for a little bit of a pullback We'll see and that one. I'm very specific Yesterday I wanted to buy the the diamonds and I said we want to be buying this is why I only buy today I would prefer if it was at a certain point which it was it was even lower But as I was sending out my My my opening call newsletter and that part the traders corner that has all the different positions And it started to move up and it was really close But it was a little higher than the preferred but I wanted in so we've got in and And now the diamonds are moving up very nicely That's basically the down but really what what is important and normally I'm very specific I say under and that's it in this case. I said preferred but we want to get in To me, that's really important next question was and I want to go to this because this is really important This is the financials. I think at this particular point we're going to find out which are the big banks You know the for some reason the banks are always involved in whatever the major crisis is Whether it was the housing it just doesn't matter you can go back in history The banks are always in the wrong place at the wrong time. They were doing everything right for quite a while And now we're going to find out we're still keeping our bank stock bank of america. We were at 31 Trading now. I think they've been about 42. It actually hit the 50 area double topped and pulled back We've taken quite a bit off We have a nice core position that we're going to hold as long as we can But the excellent if you're saying to me, there are so many cross currents in the the whole financial area That I don't think it's going to leave late right now I think it's a little later in the year that it starts to leave, but it is up 49 cents today up 1.3 1% And it's trading at 37 87 free market that whole area of 37 69 You can see how important the Georgia community heritage is both in support and resistance If the XL FS select financial spotlight can trade in the 38 80s by Tuesday, that's The reality is that navigating financial markets can be risky Markets can be chaotic and difficult to understand Having the latest market advice can help you turn this chaos into a key for creating winning trades At TFNN we understand that it can be hard to find reliable market news That's why each of our market experts offers their very own market newsletter A must-have tool for every trader out there striving to find an edge in today's markets TFNN newsletters cover every aspect of the markets so you can analyze the market before you trade Try any of our great newsletters risk-free with our 30-day money-back guarantee Just visit the newsletters tab on the front page of TFNN.com TFNN educating investors 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 these sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our TFNN hosts live during their shows Interact with other tigers and tiger's as they share trading ideas News analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30-day money-back guarantee and become part of the TFNN trading community TFNN educating investors Are you looking for a secured investment which pays you on a monthly basis the tiger first mortgage program Maybe the program for you the best rate on a five-year cd in the country right now According to bankrate.com is paying one percent per year or one thousand dollars per 100 thousand dollars invested The tiger first mortgage program pays seven percent per year paid monthly on secured high value Buildable properties in st. 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JB has a great question The data about petrodollar saw a tv show last night discussing the petrodollar will that take away from the dollar You know currencies things are moving currencies are really so yeah There are always crises, but these crises build up for ages It'll take a long long time before that happens. I'll discuss it maybe more tomorrow I just want to show you in the e-mini chart. Look from yesterday at 6 10 and there was 6 20 in the morning When the uh when that green line turned positive This is a 10 minute e-mini chart for it doesn't matter whether it's a fabric March contract or june doesn't matter. It's the same same pattern. There was just a moment she glitch So it went from 41 60 let's say all the way to a moment. She just three bars of pink at about 14 20 there's 220 on the 15th And then it went pink and then it went back to green and that green stayed for a long time And it continued then it went pink and when it turned green again at about 22 20 that's 10 minutes past 20 minutes past 10 last night at 42 61 on the 15th It's been green up until Right this very moment as we talk. So it's gone. It went green Let me just give you an approximation at about 42 60 That's 100 points above the previous one and it just went pink right here at 43 07 or 43. Let's call it a lower 43 or 3 So these are techniques that I discussed I show my subscribers when you try to use them all the time whenever we can So be watching that remember underneath In the e-mini I said that if it starts to trade underneath 40 what are we looking at? 4306 for a little while that means that maybe that top that we saw a little earlier on Is in fact the top for a good few hours so After the Fed so at 240 this afternoon if the Dow is holding a plus 250 or more That's really good. If it's come back and it's not only up 80 or it's actually sorry Seems to uh-oh a little bit of a consolidation, but I think we are hammering out some kind of the base It's this stupid piece of branch. It's early. That's why I'm here right now. Have a wonderful time