 The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now. Call free at 1-877-927-6648. Good morning, everyone. Basil Chapman here on this Wednesday the 12th of April. You don't want to get ahead of the game here because the day is young. We're up 160 in the Dow at $30,845. This is going to be so fascinating. Let me go through this slowly. But I was speaking about this for the last couple of days. What I'm saying is, where is before? Well, let me just do this so that I can get everyone in the same page. Let me find my newsletter right there. Let me scroll up. Let me get this right here. In the Chapman Wave methodology, what we try to do is identify the lowest low bar, and then when it starts moving up, and you can only make a trough, when you move from a low bar with a higher low on the next bar, because that makes that little V-shaped pattern to the upside. That's called a trough. That's when you can start your wave count. You can't start it on the bar that makes a low and then spikes up and makes it a high. You can only do that in the Chapman Wave instant restart at PT. We identify the lowest low bar, and from that, I still haven't changed this. It's got the Chapman Wave notation twice. For a reason, I had it on a slide and I had it on a different chart, and then I put the two together, not realizing that I had the heading, so it's there twice. I'm not going to change it, because in the sequence of the saved charts that I have, I've got it perfect. Why would I want to spoil it now just over a silly thing like that? Anyway, it gives more emphasis to it. I'm just going to sum this up. From the low bar, we count each successively higher peak. If at any point before it gets to a D, it fails and takes out the starting point of the low, you have to start all over again for the wave count. I anticipate that there should be a peak A and a B at that point. There could be an upgrade. You've gone from a buy signal, which is the start of the move to a buy mode, and that implies at least four higher peaks going to peak A, then the next letter is B, and the next letter is C. One penny higher takes you to D. You can even go to E, F, and G, but at D, other things can happen. That's all you need to know. Let's go on here and you start off at 31-429, and we've been buying. We're still holding the long from October, both in the Dow and the three times long, and I had said that if... Let me just show that this made a peak A and a peak B. We keep adding and adding and adding again. We took a little bit off yesterday and the day before, because it's nice to build up profits as you move along. I don't have to add or quadruple my entry point for subscribers to take on huge risk for massive profits. I'd prefer just to be a little bit cautious. Here we are. We had a height of 33,883. Let me change that. 33,883. In fact, I can take that away completely, because at this point, it's still active. I look for the peak D. We waited and waited. As we were going towards C, I said, no, it's been two weeks now. I've been saying we should get to a D. You've got your old egg D. There is no peak D yet. If tomorrow, whatever the highest today is a lower high, that makes peak D, and now this is going to be the issue. Let's forget the weekly chart in the middle and the monthly chart on the right. We have got the, let's go from the top. You've got the price well above. This is a midpoint channel line that I spoke about ages ago. I said, I'll keep it there, because sometimes I used to do this when I hand charted an engineering paper, pencil, and I had a 15 inch ruler. I had this long charts. I used to take them together. I'm right there, sitting there, but let me just keep it there for all time's sake. This goes back 20, more than 20 years. What we're looking at is that midpoint, when I said that if we take that out back in February, be careful because we can go all the way to the 200 period moving average or lower below 32,948. The pattern that we're looking at was this inverted V or this arch pattern that looks like the generation, and we ran all the way down to 31,429. Now what's happened is, the price is above this midpoint channel line. Let's call it at 33,600. We're at 33,863. The price is way above the nine period moving average. The nine is way above the 14. To get that green, to get that pink closing below, would mean that you'd have to actually trade underneath 32,800, I'm suspecting. It could be even lower. So that says it's extremely positive right now. That's why I say to subscribers, only if certain conditions are met, will we consider shorting. And none of those conditions were met this morning. The day is young because it's still happening. I'm keeping it in place all day, but I love what's going on. The magnitude is still, look the histogram is still rising. The stochastic is flat at 95%, any books that you read about technical analysis invariably says over 80% is overbought and under 20% is oversold. When you say overbought, doesn't that really imply to you that at some point you should turn around and get just bought instead of overbought? No, that's the wrong thinking. Over 80% is good. 90% is excellent. Over 95% is just perfect. Although you've got to expect that at some point you're going to start to go down. But until that happens, holding in the mid-90s and flat, not turning around within five sessions to go negative again, I love that action. So we still remain along all our positions. And within that context, what we're looking at is this left side, now I can draw the center. I was going to do it before, but I don't like messy charts. I know you say, well, that's messy. But for me, there are a lot of things going on. So what I'm going to do is be a little bit conservative, okay, all the way to that particular level there, that the arch of the truck, the arch is what we look at in terms of trying, if you can't go to the exact plumb line low, which would be right here. And if I went to the exact plumb line low, that would take us to about where we are today. And I want to give it some room. So I'm moving a little bit to the right to the, actually I could even go to that peak A right there. Okay, let's just go there. So if it's not exactly the midpoint, then you have to use discretion, but it's not just discretion. It is really a methodology that we have and that methodology basically says, these are the strictures, these are the rules, and best to follow them. And so it says on a very accelerated move, we could get by the 17th, the 17th of April, before I forget, next week, we've got Teddy Keck, taking one of these webinars, should be a fabulous webinar. I recommend it. We're looking at, we are now in the month of April. So that'll be the night, 17th is Monday. Oh, that's fine. I'll do that. That's a little bit more aggressive than I would like, but I'll just put this in. So from that level, now we can go to there. Does it look correct? No, it doesn't. So I'm going to say, let's go to the trough on the left, right there. Okay, this is it. So here we are. This is the trend line that we're looking at, and it says, if we hold all the way through the close today, preferably that does up 192, even a plus 80 would be fine. But I don't want to see a turn negative at any point, because that'll be already, that'll be full action and reaction. And we've got another economic report tomorrow. So within that context, this is what I'm looking at. That's a high that was made at, well, I've got to talk to the other top, at 30, 34,331. That's a big asset. It's another 700, just 60. Yeah, 500 points. Whoa, that's a lot of points. If you're looking for potential trading setups in the stock market, then Rocket Equities and 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. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, Educating Investors. Are you looking for a way to consistently add winning trades to your portfolio? Tommy O'Brien is here to help. Tommy O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tommy 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 competitive and informational edge you need to succeed, these newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today, and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, Educating Investors. The global principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today at TFNN.com. Educating Investors. Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tiger's Den. Available to all tigers and tigeresses for just $1 for the year. There's no cash or adicosts when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Additionally, at 727-873-7618. Hi, folks. I'm just going to interrupt this message to do a particular charge. This is FCX report my modern ink copper. Did you say FCX or FDX? FCX, please. I have a $41 call for next Friday and it's trading at $41.32. Okay. So, as I'm looking at it right now, I think that this is people make modern ink. It's a copper, other metals, but it's basically a copper company. I've got a target on the left of the 7th of March, which had a higher $42.31. Is that $31? Yeah, $31. And that should come in by Monday. But here's the thing. Monday, say, oh, that's the marathon day. Yep, Boston Marathon Day. I've got a funny story to tell you about that. Sometime, if I remember, it doesn't matter. I'll do it right now. The FCX chart says, yeah, you see this gap up yesterday and today we made a slightly higher high. That's a positive. Except, look what you've got. You've got peak B and then a slight, the higher peak C. Then you pull back. The 9-speed moving average is strong. It's over the 14-speed moving. The bank, these goods, the gas is at 81%. It goes for five sessions. Oh, sorry. It goes for four sessions, holding the 14-speed moving average. And then yesterday gaps up. Let me just have a quick check here on the high-grade copper. The high-grade copper is up to date. It's up 0.03 and 4.04. Not a great-looking chart. In fact, what I am going to do is you see this weekly chart. It makes no sense to keep this trend line down like that because it's already accomplished all those levels. Now you've got a new one. And it says that in the weekly chart, high-grade copper needs to start trading in the 4.15 area on a weekly basis. Close above that and it breaks out of that trend line. And that will be almost the same thing for the daily. I need you to do that, obviously, because you're doing about a copper stock. So let's go back. So as I'm looking at it now, I think there's more of a sideways move, FCX, and you have a... Did you say this coming Friday? Yes. I always have trouble in America for I don't know how many decades and decades and decades. Some people say next Friday, I remember back in South Africa, when we said next, it means we skip this Friday and we go to the next Friday, not this coming Friday. So this Friday would be the 7th March. This Friday would be the 14th. If you're talking about three days time, I'm going to ask you to do this. You must have a little bit of a gain. It depends when you got it. At the high today, when it hit 41.54, that was your best premium. This is what I'm going to recommend, because you're already into Wednesday. You've got the whole of today. I happen to like what the market did and resolved a whole bunch of things. But then you've got tomorrow as well with another economic report. But as it stands right now, I think we've made the low of the day. And now there's going to be... I need to do this because if you're looking at FCX and you've got such a short period of time, you see this is the pattern that I call the Eiffel Tower, where you get a single leg A up from a news report at 8.30 or when the Fed makes its statement at 2 o'clock on a Wednesday. Yes, it says PC because that was the low that it started at. But basically, you saw a huge spike from the 200 period moving average in the 10-minute chart on the E-mini. And then it just went steadily. Lower highs and lower lows. Lower highs until it made this basic support at 41.40. 41.75 in the E-mini. Just above the 200 period moving average. But you see that the nine period moving average never went negative? That's a big positive. It means that there's still room on the upside. So I think a chunk of the work on the downside has been done even if we go sideways. I'm not sure that this is the day that everything tanks. So with that said, let's go back to our story. And let's look at FCX and FCX Freeport McMarine, Mac Moran, trading at 41.33 up 19 cents. I need to go to the 120-minute chart. There it is. So let's see. We take that low. A, B, C, D, E, F. Brand new A, B, C, D, E, F. And now you've got a new breakout. A, B, I suspect that's C. I like what I'm seeing. It's nicely above the 200-period moving average. All I can say to you is this. At this particular point, you either break even or you've got a little bit of profit. If you have, I don't know if you have one, if you have 10, but you have, I have a 41 call. So if you have a call, just one call, I suspect that you were prepared for a little bit more of a risk. If you had a number of them, you'd be able to scale in and scale out. Yes, you'd have a bigger risk because you've got a number, but you're in the position to be able to make changes. Here you have one position with one decision. I'm holding or I'm taking off. So what I would say to you, watch the price of FCS closely. If it starts to pull back, anything happens during the day. And if the Dow, which is up, I'd use the Dow as a benchmark as well as the S&P. The Dow is up 158, the S&P is up 17. If at 1230, that's in two hours time to 115, the Dow is now only up 87 points. The S&P is only up 7.95, something like that or 8.23. I'm going to say to you, your risk is increasing because not only are you not market sensitive anymore, you are commodity sensitive. And therefore anything that happens tomorrow could really make a big difference because the premium will shrink tremendously. If you go under today's low of 40.89 and you trade there for 35 minutes in the 40.70 area, that premium will shrink dramatically. So I'm going to say to you, watch this closely. If you're playing the lottery, then there's nothing that I can say. Then you're just going to hold it and just see what happens Thursday and Friday. And sometime on Friday, you will get out. But as I'm looking at it right now, I'm prepared to say to you, if it starts, if your premium starts to shrink today, your risk for Thursday and Friday, even though by Friday, you could be looking at Freeport-McMahon and trading at 45, you've got risk right now because we just don't know. So I'm just going to say to you, if it starts to drop below 40 points, I'm going to make it 40.75, so now you're in a little bit of a losing position. I'm going to say to you, just watch it really closely and your risk tolerance, if you're prepared to accept, and usually this is what I like to do for an option, I'll prepare to go and I'm prepared to risk a 50% loss. If I'm really convinced that there's a really good chance that it's going to move high, but I'm totally wrong if I lose that 50%, that 50%. But I don't want to get a less than that because that's just a waste of just throwing money out the window. So I don't know what your tolerance is, but I am going to say to you, as it stands right now, I treat it really, really closely. I mean, watch it really closely because if it does close below yesterday's low, then it starts to want to fill that gap and that's where you got to be careful. So that's my recommendation. Now, if you're asking me on Friday, could it hit 41.81 to 42.35 or even higher, or the trend line itself? I'm just going to say to you, if you survive the day, it's a 41.16 right now. If you can go through the whole day and it hasn't gone to, what did I say, 40.75, then you can do the same thing before. Just go for it and that's a time for that. And with fun, you're going to get it enough. I'll be back in a moment. That was 128. So we'll keep it back. So it's going to be a tough session. I'll be back. We're looking, but yes, okay. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money-back guarantee so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting tfnn.com. Don't miss out on the next great gold trade. Sign up today. 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 tigers for just $1 for the year. There's no catch or added costs when you join our community of traders. 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TfNN airs live financial content streamed live on TfNN.com and TfNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TfNN.com or on TfNN's YouTube channel and become the investor you were born to be, TfNN. Educating investors. 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. Hello, so we're back. We're looking at I know it's a Bush and how's a Bush InBear, S-A-N-V, a foreign company. I think it's beers and liquors, I'm not sure. I know it's beers. Trading at $60T75 down to $1.36. What I am looking at here is we've got a P.D. back in 2021, around about June, July. And then it pulls back sharp in the arch formation, holds very nicely. Monthly chart. A 9G moving average from last month, the positive month has turned up. The MACD is good. Stochastic is okay at 76%. The weekly chart, all of the technicals are good, except for one little thing. It's made a peak E with a silent doji from last week and a sharp move down with it so far. So it looks like an inverted chaff with a Roman candle and a peak C1, C2, double top in the daily. So I'm not sure what is, was it just to do an analysis? Can you look at but? A little too. Yes, I'm looking at it and I think it's pulling back. I also, from the pattern that I'm looking at, even though the 9G moving average is still way above the 14G, it's coming down sharply. It'll take a lot, it'll take a move below 62.30 for that 9 period to actually even lower than that to turn negative, but at this particular point I'm just calling it a big digestive phase. My suggestion is that, well, to look at it, I'm looking at it and I'm saying at this point it's been a very strong stock. It's now taking a breather and that breather is suggesting that if it takes out 62, it's at 63.69. If it takes out 62.35 below the midpoint of the 62 level, I'm going to say to you then it's a longer digestive phase and the weekly 14 period moving average of 61.61 is likely to be tested and then it could be about to even turn into a head and shoulders over a period of 6 to 8 weeks, but I'm watching it right now and I'm saying it's it's turned into making lower lows and lower highs. I want to see if there's a round number at the high. 66.39 of that day. No, no, no, no, no. Okay, that would be a clue as to where your resistance is. So at this particular point the whole area of 64, 60 to 65, 80 I'd say is resistance. It's a spectacular move. It deserves a rest and is having a rest. That helps you. Next question, I am from here and I struggle with the whole next Friday thing drives me nuts. Oh, oh, oh, yes. Yeah, and the whole thing it's so simple when you say this Friday, it means this coming Friday. When you say the next one, it means after this Friday. That's the way I always look at it. It gets a little confusing, better to give a date or just to say this coming Friday. A couple of things. So Rochelle in the den said G F A I Wowza. Okay, Rochelle. We have a good friend called Rochelle, but he calls herself Rocky G F A I Whoa, up 10% at 2641. So that is really a very big move. I So a couple of people asked me would you go through that stock you were talking about with Tom yesterday? I'd like to do that, but let me just finish this. So this is peak A, peak B peak C peak a leg D. We're in a leg D way above the children's experience of moving average. I don't know what they do. God force. This is in the AI area. All right. Well, so, so the question payment, all I can say is that it's a 26.14. There's a lot of activity even now as I'm talking to you. It was up 10% now it's up 9.75% now it's at 9.6% 9. Yep, there it is. So it's changing really quickly. And the monthly chart is only in the leg A, but it has this way of screaming to the upside and then just giving it all back and making lower lows. I suspect now it's starting to make higher lows and the whole area between 20 and 18 will be your first big supportive. It takes that out 13, 50 to 12, 30 will be the next support level, but something's going on here. So there's this stock that we were involved in. We are involved in S Y M it had from our entry point it had about 30 something percent gain just a very short just two weeks or so we've been long from the 21 to taking little bits off yesterday. It hit around number 29. Now this is interesting. So this is the chart. I don't have any. I do have it somewhere, but I'm not going to get it. So yes, the chart this is the thing that goes to 28.48 back in June or so last year and then that same bar closes at about 14 and then it goes even lower to the 10th and then it tries to rally to halfway through into that candle and bam it comes back down again and then it goes down to 8.75 on the 18th of November. It's a name that came to me as a streamer when it was under 10. So I kind of put it on my list and then I sort of forgot about it, but then I saw it to see that it was doing well and I checked this. What is this? I thought, okay, what is the stock? So it's symbolic ink. It's end to end AI and artificial intelligence, robotic warehouses, automation systems. So this guy's family had grocery stores for ever and ever and I guess he just got tired of all the the schlepping all these things and putting them away and he decided to make a robotic out of it and he automated everything and now I'm not sure about the story. I'm just guessing that at this particular point it's become very a very popular set of instruments. This robotic concept. So I looked at it and I thought, oh, I like this very much. So I missed it over there in the 18s and I really joined in the one-to-one chapter wave with this is I love this particular pattern. You go up sharply and then you come down and you make like a rectangle formation but it's like an H pattern that fell and then the technical start to move up sharply because it can go one-to-one to the upside which it did and then it pulled back and then it started walking the nine-period moving average and I love that. So on the next pullback off to peak D, see we're going long. So we got long at about 21 in the 21 area 21-49 and then it just started screaming every day. Now I suspect and I couldn't be wrong about this that SYM robotic ink is in the sweet spot of memes. I'm thinking I could be totally wrong and I'm only saying that because in the right area it's been doing the right things. Now it's very overboard. It hit round number 2900 yesterday. I thought oh my I was going to send a note out quickly saying okay take another little bit but we wanted to split long we never got the second split so I don't want to diminish the amount that we have unprepared to wait for a pullback to get to add back what we've taken off. Two little bits we've taken off for really good gains and then wait to see if I add a second position it could even be higher. But the reason why I liked it in the weekly chart was look at this cup formation. I used this as a plum line I said if that's the plum line that starts to move higher where could it go to? So the left side at 28.48 I forgot to put the date in. So I'll do that. The date in was the week of the 24th of June. So let me just put the date in there. Yeah that's good. So you'll have 24 22. So that high I said let's use this as a plum line because it's so far away let's just use that. So I used that as a plum line and then I drew in this chap weight inside which target resistance line. That says chap weight inside which resistance target resistance line. And that's my right side. I'll be back in a moment. You might think that if you want to be successful at trading in the stock market you're going to need a crystal ball. After all it's impossible to predict the future right? Like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at TFNN.com The opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave. The Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up TFNN.com Educating Investors 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 competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter Market Insights today and try all of our products and newsletters 30 days risk free with our money back guarantee at TFNN.com TFNN. Educating Investors Biotech is booming but for how long? 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Distributor and Fund Services, LLC This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ I've written down and I've written a whole chunk of things that I wanted to go through today so I'm going to try to do that but first of all remember the single leg A up looks like it can turn into what I call the Eiffel Tower failure pattern or it looks like an uppercase A you go up the diagonally up and you come down with the same kind of pattern this one's a little more complicated but now we've taken out the 200-period moving average and quickly bounced back up against and that's what I was saying about the FCX that it could be inter-day things and the longer you go sideways the longer you use surfing upside energy so it means that the spike is both up and down becomes less and less this is the cup formation that we're looking at in the one-minute chart now what I like to do is to go to the peak D you see if I can use that or the tiniest candle after the D or at the D and use that as a fulcrum the plumb line in the middle if I did that they would have taken me about two bars late towards the arch formation taking out the low this to me looks like we are seeing selling come in and that selling came in all six minutes after that moved to the upside and it went all the way to a higher 41 77.75 in a matter of six minutes and from the 200-period moving average of 41 nothing was 38 and now we are back at the same level come all the way back I didn't give a time limit I said for today and that's how I do my newsletter I either give you exact time before such and such a time or under such and such a level today I said if the spy gets to a certain level we want to take a short position and that would almost automatically I believe we don't know will take us out of our long position train the very shorter term add on positions to the Yu Dao that we have three times long so that makes it as simple as possible I used to wait until the report and then I thought okay for a long time now I think my subscribers have noticed I don't do anything I wait until I'm ready in the morning which is usually between 8 o'clock and 8.15 before I send out my newsletter I don't wait for the 8.30 report anymore I just wait until I'm ready and then I send it out and I found that so much better the reason why I haven't had intraday updates is because I always find almost always, not every time but almost always find that the next day I could have got an even better deal so I don't do that anymore it's once a day and sometimes I'll say okay this is an update maybe if I make a mistake and I have to correct a mistake in my report I'll quickly send it out so ABBV I wanted to show this it's in a leg F I love when these especially a high price stock $162 is making every single day makes higher highs and higher lows and then it just barely makes a peak but it isn't a peak F why the heck did I want to show this oh because this could be an instant restart right here if within 3 bars off to D you make a new high which is E at this point I'm just keeping this as an F today it could even go to a G and then I'll make my decisions and we don't have this I'm just saying is this going to be a short position but what's going on in some of these pharmaceuticals ABBV one of the big pharmaceuticals Eli Lilly did I do that yesterday yes Eli Lilly I did yesterday it's holding really well I think it's going to go to a leg D back in the weekly chart up in the 3 in the 370s that becomes a target look how nicely it is in the monthly chart I want you to do that builder why on earth would builder BLDR be making an all-time high as we speak with a gap up in leg D at 93.83 up 1.46 so this is the if I say this is one of the weirdest markets I've seen in not years but in decades even with the classification even with insectis this is builders first source ink and I forgot to type in what they do I think oh man builders first source let me just do this real quickly I'm going to type it in here BUILD ERS FIRST FIRST SOURCE DOES Nations largest supplier of structural building products value-added components and services to the professional market for single family, multi-family construction and repair and remodeling our focus on providing unparalleled service unbelievable all-time high with all the negativity out there about the housing etc. look at this $1.00 HDX this is the Philadelphia housing sector peak A peak B peak C it's just made a leg D still way under the most recent time the 480s but look at this it goes to 538.36 in May of 2021 double tops just underneath that level you remember how I talked about these double tops almost to the penny it's amazing how that happens and then it pulls back to the 330s or so pops up it said 447 right now holding very nicely what is going on here alright next question I circled what I wanted oh question about the VIX index I'm going to do a little more on the VIX index tomorrow I want to see how it relates to the market today so I can explain it in cogent terms relative to exactly what we're looking at but right now it's down 14 ticks at 18.96 Realized VIX is part of the Chattowave core given its independent nature but I found at Truff DEF the market is typically quite overbought so that's on the VIX index yes we'd like your assessment on show today thanks Kevin Kevin your cow is holding this a rising chenline except that now it's made slightly lower lows and it is Truff A Truff B Truff C, Truff D this is a leg into the downside I agree with you that it looks almost ready to bounce but you've noticed that it really has to get into the 22 higher area to effect the market's negativity and so far it hasn't done that let's do a little bit more tomorrow in fact tonight I'll try to do some to show you some other things that I've been looking at in the volatility index but I think that the volatility index has been completely distorted has to do maybe with options options plays but it has a completely different function only when it's holding like here going to 30.81 on the 13th of March and that was the low in the market that was a peak C so I'll get to it but yes it's sort of separated itself from what we would be looking at for years and it used to be down in the 8s and 9s so I've had to moderate that because now the 18 is low but that's because of COVID so it's had an infraction point and I need to deal with it in a different way just as I talk about my Chapman Wave Trin gauge and I don't give out the number because that number could change and it's the only thing that I don't talk about publicly is the actual numbers of the high over low I just had a high reading today which says that the S&P futures within two days should see a really nice bounce even if it's from a lower level so don't ignore the fact that there's still internal strength the height today on the VIX index on the Trin index is 2.26 and I'm expecting on Friday that it will be affected as well might even have a very low feed but at least I'm back in the ranch in this next segment and great program in here folks and check out both before my daily news that we've got pretty high positions I'll be back in a moment and we'll wrap it up and I want to wrap it up to give you specific ones that I could look for for the rest of the week in 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 tigers 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 during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers as they share trading 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subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up to the Fibonacci 24-7 newsletter today TFNN.com Educating Investors 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 that's the sum of it I've got this much I must subscribe every day I've got this and see if I can get there real quickly so there it is let's go to days you also don't want that I want this so this is for today so this is all the things that I tell people about the market what I'm expecting the Dow this is the daily chart this is with moving averages with moving averages plus the chapter notification plus the MACD stochastic and on balance of volume and this is peak F-Stash C in the chart and I discuss all of this right here sum it up and I say the S&P and the Q's have already made their peak D's the S&P actually snuck to a quick very modest E today I'm looking at this and I'm saying I'm getting quite cautious in terms of the next couple of days and as a result I've prepared us to be able to even as we speak it might be happening no it doesn't the short side but even just this is more a trading thing so that's what I do so what I'm going to do is to show you that within the context of this pattern that I'm looking at right here we've already gone to a leg D to 39,000 33,894 that means we will fail we failed under 34,000 usually the 30 the 900 starts the resistance levels in this case we just missed the 900 and went to the 894 level I'm watching this I suspect that we're about to make some kind of a topping action and have it digest a phase that's what I'm looking at and look at the temporary automated resistance levels there now we're just about to test the 32,600 one and the other is because we finally made that leg D look F slash C D boom now we've got a D in the 120-minute chart in ten meals a week so I'm anticipating if the doubt any point after two o'clock this afternoon is down about 80 points or more then we've made some kind of a shorter term top and we've got to monitor it very closely that's kind of what I'm looking at if the market survives and it's up 80 points after two ten I said that's pretty good but I am expecting some kind of digest a phase