 The following is a presentation of DFNN The Tiger Technician Hour with your host Basil Chapman call now toll-free at 1-877-927-6648 I want Basil Chapman on this Thursday, January the 20th This is the 806 a.m. Edition. It'll be replayed at 10 Wasn't sure I was even gonna be able to make it at this time, but here I am good I'm so pleased about that the doubt futures up 112 doubt closed yesterday at 36,000 in 28 I'd said it might show that 35,000 really was the key support level. Why because if it took that out the next thing, you know We've got 34,543 as the 200 period exponential moving average support after these Look at this from the 13th of January, I think that was a week ago Yep, exactly a week ago We've only had red candle down down down down down down you would expect some kind of an oversold balance I we had that yesterday didn't last today. I think we want to see the exact opposite some some weakness It looks like we're going to repeat the same pattern But in fact what happens is we try to rally and we have a little bit of an up close My thinking here is that Monday After the weekend, it depends on how we close tomorrow But Monday is where there's the first real attempt to form some kind of a V-shaped balance that has legs to at least have three to five Sessions with an upward bias I'm not sure if that's going to be the case It's really important because this weekly chart if we go a little lower on the closing basis on this weekly chart That will become a peak E. It won't be an alternate count That would become a peak E and that would say we're about to test over the coming two weeks The whole area of 34,000 as 500 to 34,200 200 there's a rising inside track Pro-pallant zone you better become that otherwise it becomes a repellent zone Whatever way I'll look at it It seems to me that we should continue this choppy choppy choppy action rotation through different sectors Even if there is a bounce in the very oversold nasdaq type stocks People are starting to talk now about China, but I still say hey, we've got enough problems here Why would you want to go to Chinese stocks? It's just such a huge risk. All right, let's get back to our story So we're looking at the Dow futures and we just go to the actual futures themselves. This is pre-opened This is an hour and 20 minutes before the open We're looking at the futures up 110. Look at all these red bars You would expect some kind of a green bar here and they maybe continue to test the left side futures Low all this is a continuous contract of 34,547 What did I say 30 call me 35 must be 34 34,547 in this arch formation? Look, I drew this in a little while back and we're still in this a pattern an arch formation It's very difficult to change that unless you go sideways and then that starts to usurp some of the downside energy It also kind of usurps upside energy. So here we go That's the that's the the doubt that the S&P. This is a continuous contract down 17 at up 17 at 45 41 also made this very big arch formation. Let me just show this in here I've got smaller ones, but I just wanted to show you what we've got. There we go. Look at that So the negativity that I've been displaying over the last couple of weeks That really is part and parcel of patterns that we're looking at. Look at this up channel in the S&P took out that support line But the week is still young. We've still got a day a two days full two full days to go So that's waiting till Friday's close. But in the meantime what we're looking at here in the S&P cash Look at the way the Shorter-term up channel support is just wiped out. Look at that big red candle. MACD's lousy stochastic 25% that's terrible in the daily on balance volume is getting now a little bit oversold So they could be about at any point, but the nine period has already been for four days Negative in the daily the weekly chart is so close to a sell signal that could be upgraded to a sell mode I suspect that we're going to get a PB into February the end of February in the monthly chart Finally This is just speculation. We have no idea and that's a speculation of my part the QQQ and EX 100 right just about on the On the 200 period expansion moving average of three sixty four seventy one trading 366 was the close yesterday 366 48 it's up to 71 pre-market of 369 19 And look this is there's no way I look you can look at it Not say that is a PG Alternate count in the weekly chart at the higher four hundred eight point seventy one made on the 22nd of November And it's already a peak g C in the monthly chart This is already in a sell signal in the weekly chart could buy the bike tomorrow afternoon This could become a sell mode in the NDX 100 and we've got Netflix tonight. Let me show you something very interesting but Netflix That's just been going down. It's wormed. It's way to the downside 799 was the little doji candle peak g high on the 17th of November and It's just tumbled since that sure there could be a balance at this point but I would suggest to you that the Dady sell mode the weekly sell mode and the monthly sell Mode actually is going to be very difficult to overcome Regardless of what the earnings are and I just hear more and more people talking about Netflix But there is so many choices now the other thing is for Program like for again Boston area W. I start W anymore. It's called GBH. That's public TV Those shows that were continuous week after week after week you can now watch them all in one show This is bastardizing. They're they're programming. I don't know what they're going to do They're gonna have to find some other formulas. It's gonna be real tough and the competition is just getting more and more intense I don't want to take time now, but I'd spoken about this as being the Hollywood when Hollywood went from New York to Hollywood back in the 20s because of the Technological changes and then Hollywood became the form Mecca We're seeing the same thing now with all these different shows. There is just an incredible amount of Of entertainment of Anything that you want to watch and I want to talk about that maybe to my technical fight I'll get into that and we can look at some of these Some of these stocks that you know that are in the media area, but in the meantime, let's go on It's got the IWM the IWM the Russell 2000 Trading up 75 cents at 205 point 20 Horrible horrible pattern it like the dollar went underneath that long rectangle and it's underneath it now What should happen is that there should be an attempt to get back into the 210 or higher area It's trading at 205 right now. It went down to 204s yesterday and then it's gonna be real tough to Really sustain a move in this whole rectangle of the 212 to 18 area probably will have to test the 200 that's gonna be the big test 200 to 198 Can the Russell 2000 hold in that area It had to be that being fantastically since around about April the 207 Hello And now we've got That's the rectangle. Let me just show you the dollar here for them Probably probably is You get to it under the right now I'll be back in a few minutes What's separating you from the most successful men and women on Wall Street? 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I just listened to your Wednesday show It's a price to hear you say particularly support levels at the time is futile I could see the boring mutual fund managers saying this but technicians That promote having tools to time the market down to a one-minute chart level I would think could offer a strong opinion on where support levels should be based on these processes and tools No, I think you misunderstood what I said what I said is to make a statement about a particular level And think that that's it that the market is looking at your chart and sees that 35 000 is really important That was what I was saying is absolute nonsense. You can say that that's a support level But that doesn't mean to say the market is going to take note of it And I had mentioned yesterday 35 that when the Dow was up. In fact, I said the Dow 35 000 on a near-term basis was really important and lo and behold. What was the low yesterday? 35 000 and what was that 68 or something 35 000 and 28 Um, so that's what I mean that It is transitory because what you have to monitor is how does it act? Um, I mean come on. I I've spoken about support levels for months and months and months. Didn't I talk about the IWM? for seven six seven months I've been saying that that 207 210 level is going to be really important and then look what happened We went under it. So what I'm saying is that the market is futile because the market doesn't know it But we can keep it in our minds as really important. That's what I do. I've done it I made a call on the Dow for over 40 years every single every single mark just about every single market day Of course, I look at levels and I think of them as either important or not important But I'm saying the market doesn't know that I know it So that's my point. Okay. Now I wanted to show you something here. Wow. Where was I went before I got interrupted? um, I wanted to show you Yeah, I had a question about alcoa. No a statement saying alcoa came out with earnings are up a little bit They're actually up 2.4 percent and up 144 a 61.07 is the one that we had in the 17s Never went back and yeah, it is uh going to a new recovery eye into the 64 area Uh, it went down to the 58th and now it's up a dollar 44. Now there's Tomorrow, let me let me remind. I'll make a note of it. I'll do tomorrow a a Analysis, I don't want to spend time. There's an alternate count. This could be a D right here But it's got a chaplain wave unconventional flat base restart. This is within the next two weeks or so There should be a test of the 58th to the 57 level. All right, just let's get out of there Let's go to gold because it's really important gold now is uh down just two points 1841 had a spectacular breakout Don't tell me I'm not mentioning important levels to monitor on in the market We spoke the reason why the subscribers to an opening call went along the gold stock the other days because I was looking At the way the 200 period moving average. I said look like it looks like a spit Uh, um on the barbecue. You've got your your your uh rod or whatever it is Right here the stick and then you've got on either side You've got trading up and down and up and down and that there should be a break above This chaplain wave inside track repellent zone because it should become a propellent zone Wow, is that a propellent zone in the 1800 area 1807 area here? We are in 1841 That's a nice breakout got an alternate count d slash b look at the gdx gdx went right to where Don't tell me we don't talk about support and resistance lines that are really important It stopped dead where right on the 200 period moving average again So you can see I'm getting a little worked up here Because you've got to listen carefully. You can't just you can't listen to part of something and then kind of extrapolate it Absolutely. These are very important levels. Does the market recognize it? Well, sometimes it doesn't know that it's recognizing it But it did it stopped right there. That's the 32 79 level on the 200 period moving average look at silver Silver itself was acting very poorly and then had a really strong move Just above the 200 period moving average and now it's slightly above That's really important because it's done that before and then it's going back down below it Well, this is only a leg c being a leg c in silver says it should go to at least a leg d Really chart is still looking lousy monthly chart is looking terrible But the daily chart is making that beautiful cup shaped pattern And what we're looking at here is that the candle that I'd be looking at For resistance will be the candle of the 22nd of november 24 99 was the high 24 18 was the low Here we are 24 27. We're just into it. Let's go to high grade copper. High grade copper. There we are Improving it looks like a stair step move in a big cup formation It's improving because it's now up 0.04 and 4.51 And it looks like a stair step move. Hey, why did I not? Yep, that's a b a b c It should go to leg d above 4.6010 Next thing we're looking at here and then the questions came into the den rare support and clf We're going to the steel. This is clearen cliffs flat roll steel iron pellets Horrible move a questioner wanted to know earlier on when we were right there that day. I believe it was And on the 5th of january up in the 24 67 area I said it's looking good, but there's something not right here I would take some profits and this person got out of the position in the 24s And yeah, it is at 19.55 actually 1966 is up 11 cents pre market I I think that you got to be a little careful here It Steel will be back in fashion, but I typed in it must hold this whole area That's the area below 19 between 19 and 17 if it gets into that That's going to impact the weekly chart from the rectangle formation and the monthly chart And I think later on SLX. This is the steel ETF, which is holding well It's telling me that a little later on maybe sooner rather than later steel will become an issue For buyers and that includes x us still look at that terrible decline Smash yesterday to the downside They'll be back, but you've got to be very careful and very selective new core Which is one of the great steel companies got just smashed from 126 down to 104 They're just two weeks. You've got to be careful there. All right. Can you talk about omcl omcl? Omni something Yeah, omni-cell ink. Whoa under the 200 period moving average trading at 151 98 I'd be really careful of this because it's making the dreaded h and taking out the left side low decisively at 151, I'm just going to say the candle of the week of October 1st with a higher of 156 and a low of 146 That's kind of the area that you're looking at if it closes under 146. That's a big problem I suspect it's getting real close to coming back to test the 155 200 period moving average Even if it should go down what you want to see today is some kind of a doji candle A rally attempt friday, maybe into monday But if it starts to close under 149, that's a big problem Question came up here. I read the right is headed back to the october 21st. I don't know. I didn't say that If you have time i'm looking at that Sophie so yeah, I listened last night on cnbc Uh, I think was that with kramer? Yeah, I think it was with kramer Selfing technology so far technology's digital financial service with no black case Well, the ceo was just I mean there is nothing that this company could do. I wish I could vote very often I quote him and I printed him And and suddenly the price goes down, but all I can say is only at 41 Are you looking for a way to consistently add winning trades to your portfolio? Tom o brian is here to help Tom o brian has been successfully trading markets for over 30 years a frequent contributor to td ameritrade network and cnbc Tom o brian founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the market's open to give you the competitive informational edge you need to succeed These newsletters are packed full of tom's advanced technical analysis In our geared to deliver comprehensive strategies for a successful portfolio Get tom o brian's newsletter market insights today and try all of our products and newsletters 30 days risk-free With our money back guarantee at tfnn.com tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30 day money back guarantee for new subscribers as well as Tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live financial content From 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor you were born to be tfnn educating investors Tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including garlys abc's butterflies and much more The art of timing the trade charts is designed to help you when scouring the markets for stocks Just beginning to form the trading patterns that many investors spend days weeks or even months searching to find And right now we're offering licenses available at only 79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Yet your copy of the art of timing the trade charts today by visiting tfnn.com The now futures are up So there's the futures up 18 right the moment try to stop stopping right at the 200 period expansion moving average I I suspect that today they will be a successful up close Um, we are extremely oversold in any way you look at it Uh, there just has to be some kind of a relief rally It's really monday tuesday of next week that i'm really looking at what happens Is there some kind of a v-shaped another another move that says we've got another maybe a week or so of Of an up move before we do more retesting Um, I I am a little worried here about the iwm remember now. I'm saying that the iwm That's the iShares Russell 2000 ETF has taken out key support Uh, if you want to do a one-to-one to the downside Oh that says yep, we could go back into the 192 area I I I don't want to go that far other than to say the the close yesterday Two closes actually below the key support level Is really not a good sign, but the week is young if the week by friday afternoon we're back in about the two 208 or 209 area it kind of saves the day a little bit look at the dollar Remember the pattern we were looking at and i'm saying that I think that the dollar There's a chance that the dollar comes back to retest the 95 areas of 95 61 Um, that's going to be important and that's going to help uh gold move a little higher Oh gold is now up at up two dollars. That's a good sign That's exactly the action we wanted to see didn't know if we'd see it We wanted to see that this followed through to the upside today even if it doesn't hold I wanted to see a higher high than yesterday. We've got that so far and that's really helping the weekly chart Crudall Crudall is very close to resistance here You see a little doji candle from yesterday see it's down 39 cents at 86 39 this whole 86's area I was working with someone over the weekend. We were talking about the About certain certain parameters that you can start to use In just on a purely technical Way of looking at markets and I had said well also look at the way Double tops have been forming in every single medium. It doesn't matter where sector whatever it is Look and look what happened that 85 65 high of october of 2018 plunges down to 7.61 You remember when when futures went negative and now we're up at that 85 39 area So yesterday's high was 86 31 86 86 79 So we've gone above just above it, but this is the whole area You've got you've got much higher highs going back to 2014 up in the 120s Not the point the point is you go to the left side high of significance And that was the high that was made right then october of 2018 So at this particular area now we have an oil service stock is that absolutely fabulously We have lightened up a lot on our entries into different areas and we have our core positions We've taken money off the table. We've got built up a cash position We are trying to get ready for the next decent decent decent And low that's made question about the gdx gdx is trading at 33.06 right now I want to see it push above this 200 period moving average And it needs to do it see I like this leg c to continue for about two days Then we can get a pullback in leg d and it'll turn the whole area of 36 50 to 36 10 Into some kind of a support area on the daily chart Let's just get out of the monthly the monthly is is improving, but it's really not a very pretty chart Neither is the weekly actually so the gdx the gold miners I don't want to skip anything the tlt is so important. What we're looking at in the tlt Is it's up 40 cents at 141.49 So what I am looking at here is if you go to bonds James bonds If you're looking at bonds, yep, this is the second green candle of days young it's down at 132 In a leg after the downside I would suggest to you based on the magd histogram starting to improve based on the w formation in the stochastic Based on the on balance volume That we are getting ready for some kind of a balance in the tlt that will impact the xlf um negatively Even though Bond smashing like this with yields going up should have had the xlf up at the recent highs We've seen the move from 41 about 41 66 high made five four sessions ago Down to the 39 25 low of yesterday. That's that's not what you see not only that Remember what I was talking about when markets are very weak the history for years and years and years has been for For money the outflow for money to exit the Volatility of equities usually volatility means down Of equities and going to the safety of bonds This is the first time we haven't seen it which tells you that the the impact the force of the upward move In yields is really powerful. So now we've got a potential peak e in the t nx Uh, we'll see what happens here. This is really important leg e in the weekly only leg c in the monthly chart That is the t nx but if you look at the t bt which is the Universe of the tlt this is the ultra short lemur 28 treasury bond etf This is possibly at a peak e with a high yesterday going from the from 15 Up to 18 point 60 83 on the 60 18th And today and then yesterday was a down day. So today's action is going to be really important at 18 44 down a little bit Do we start to see a bit of a turn in the tbt do yields start to pull back a little bit? That's going to be important a couple of things. I also wanted to mention is that Yeah question martin I did not have any reading in my chapter of trinkage to say it was either overbought or oversold And that just tells me this is The same old same that we've got the market the tide has turned And therefore we're not seeing it reflected Every day or so in the in the trinkage Which should be the over a very low or very high and it's just been kind of mediocre in the last couple of days So I got no reading whatsoever. Now, let's do this. I had a question Do you mind going over your over your fang type stocks? First of all, let me do fang, which is fang, which is diamond back energy I've got this in peak c the same as the stock that we have In our opening call for subscribers peak c it should make a leg d and then I think we start to see some kind of a pullback So diamond back is trading at $123.90 down to $1.81. Yesterday closed at $1.25 after making a $132 No, $131.75 recovery high on the 18th, so we're looking at some kind of choppiness now in the In the in fact now, let's go to facebook Oh, it's going to be tough for me to talk about matter. So talking about matter though Maybe tomorrow I'll talk about it. I remember years ago my son saying there's this whole thing about Make believe stuff on the web. You can actually buy Like a house that you don't own but it's on the web And you can furnish it you can do all you can sell it You can do all sorts of things just like real life except as made up So now that's a real universe facebook is called meta platform and give me a break It's facebook facebook trading at 440 at 323.99 made an all-time high at three Oh, oh great at 384.33 on the 3rd of september of 2021 It's already been down to the 300 area and it's swiped up to the 350s and it's trading now at 319 This is a big digester phase control project in the Major big cap area. So that's phase for the second duty duty also same thing Are you having fun trading the markets? 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That's tfnn.com then hit watch tiger tv My folks this is the early edition because I I I'm not going to be careful my show So I was able to do it at 8 o'clock tonight It's 842 a.m. Right now the futures are now futures up 134 As if the futures are up as strong and they're up 21 and we're looking at google So google's got a doji a beautiful doji candle and I don't use too many candles I've made up one or two and the rest are classic like the tiny plus sign doji candle or the long one I call the long leg of doji And doji candles can either be halfway markers or reversal points Wow, what a reversal point it was in goog Which is called alphabet officially. I like to call it gooey And it made a high of 2936 back in the week of the third of september Look at that beautiful doji candle it plummeted under the 14 period moving average to 2,600 Then it spirals up to the high of 3,037 Yeah, 3,037 in november the 19th of 2021 And now it's trading way down to the 2,713 level It's made a beautiful art formation and had a Chapman we've dreaded H right there, but the whole thing itself looks like an art formation And it makes this left side low of the 8th of october week of the 8th of october of 26 23 Absolutely key to hold That's not too far away from here, but that that's going to be really important We're looking at apple apple A fantastic company, but it has rolled over in the dreaded H pattern at 182.94 Was the all-time high look at this 182.13 was the high back in december Then back then uh three weeks later it makes a high of what? 182.94 these double tops are absolutely amazing. Remember I've always said that Patterns repeat over and over like fractals They don't know that one thing is an apple and the other is maybe crude oil They have no idea, but the patterns repeat and this is repeating. Look, there's the dreaded H failure pattern I went underneath the left side low and that's just saying apple in the daddy chart is in the cell mode The weekly chart could be close to a cell signal Making it a pg alternative count and leg g uh slash c in the monthly chart nothing to see in the monthly So it's really good, but we start to see some deterioration What we got we got amazon amazon is close to uh The left side low in fact has it taken it out That was the left side low of week of The 14th of may at 31 27 made an all-time high of 37 73 on the 60 week of 16th of july And it's draining right now 31 47 So it's just 20 20 points above that left side low that was made Back in april may If that's taken out There's a chance we could even see amazon because let's face it the major selling period is over for amazon that's going into uh into christmas time and uh, we we're looking at 28 81 Not a big deal. So 30 which is 300 points 10 lower from here But what that does is it changes the weekly and one of the reasons why i've been saying be really careful here is that The rolling over in sequential motion of each sector And I would put a a alcoa in the aluminum sector has been probably the last one and it hasn't rolled over yet It's still close to the uh, most recent recovery high and the 64 oh six there. What was that 64? 64 37 was the high on the 12th. Um, and it's trading now with earnings Uh up a dollar 41 and 61 oh four So this is going to be something to watch And it says that if you usurp energy by rolling through the different sectors It means you don't get that joe granville type 90 95 to 97 percent of the market plummets when there's a major major sell-off Um, that would be different. It'd be one of those rotational corrections And I'm saying I think we're looking more at that rotational correction for the simple reason that s and p In leg b still has to go to a peak b means a whole month of a lower high than whatever the high was on the left side Then another month where it goes to a higher high for leg c Then another month where it makes a peak c then another month for leg d This is if everything works sequentially and it hasn't so far month by month But once you start to break down that could happen So it doesn't tell you how high you can go you use other techniques for that But it says there should be higher highs in 2022 To get your leg d at least a pd in the chaff way by mode Is a minimum that you get in a by mode and we're in a by mode So i'm suspecting that somehow some way we make higher highs and make it as simple as that I can give you I could extrapolate I can give you price projections. It doesn't mean a thing just yet Let's see. We haven't even made a peak b. So I can't even talk about those projections Our questions came in here a bunch of them. Uh, let me just see Alibaba b a b a So yeah, I'm hearing about uh, China Interest rates. I think dipped a little bit. There's helping some of these High flies in the chinese market alibaba group. Of course, this is the what is this is the Alibaba is that the amazon of the chinese yep the chinese amazon But as it had an all-time high at about 320 exactly what was it back in june Now october of 2020 319.92 trading down at 127. I was saying that's that's pretty beat up Yes, you can get bounces all the way. I'm not sure it's made the low for another big move to the upside It's trying to form a base between um 132 and 122 If it closes under 120 in the next two weeks, that says, uh, just be really careful of the chinese sector What did I want to do? I did I did the uh, apple, etc amazon um adobe adobe a fantastic company also This is a pretty big. What is this idb just popped up china stocks rally netflix earnings do late today Here we'll see what happens 518.44 adobe up a dollar 86 Look at this it plummets a fantastic company it plummets from the 800 699.54 chapter with two bar reversal on the 21st of december And that's it. She said as it's trading out 516 518 Um, yeah trying to form a base, but if you look at the magnin stochastic and the weekly chart um, that says it needs time before we can make a base of Consequence and the monthly chart. I've got this as an alternative count f slash c And it's the monthly chart really looks like it's going to be by the end of january. It could be a sell signal Maybe even an upgrade immediately to a sell mode. I'm not doing anything I'm just saying adobe is a fantastic company. It's just been beaten from the 700 area down to the 500 That's 200 points This is one that you want to look at for 2022 but later on questions came in. I think I missed them. I'm sorry Questions came in Let's see Yeah earlier on Can I post the vix the vi x? Dot x the vic the vix right now is trading down 91 cents at 22.94 There's another reason that look the vix has been pretty high and the mark has been coming down But the vix has not given me a signal that says, uh, oh, this is so overbought That we should get one of those major weekly collapses I'm not there yet. And I suspect that until we get some kind of 24.15 24 25 point 80, maybe even touch 26. I don't think we're done going down It doesn't have to do that. This is a fix to to predict the fix index Is a very difficult task And all I can say is holding the 20s tells you that there's selling pressure all the time I'll be back in a moment for our final statement Bowser chapter 30 edition 8 50 in the morning 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 creditor 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 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? 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That's 877-518-9190 Don't forget you can listen to tfnn live on your mobile device 24 hours per day Good to tfnn.com then hit watch tiger tv. That's tfnn.com then hit watch tiger tv So question in the den uh the humble meek man wants to know as just as pixie p i p i x y Could make big moves this week number one short squeeze stock 99 rating on Fintel now. Yeah, so this is this is really there's nothing here other than a short squeeze p i x y Trading at dollar 78 up 11 cents. That's 6.59 percent So it's in a lake deep it's gone above the 200 period moving average. It can't hold so far Yesterday couldn't hold but today's nicely above it. It's 179. I suspect that this could pop even to the 180 85-ish area But be careful because if it suddenly slides back again, it says that it is transitory That means that you treat it as a stock that you just you get in and you get out You take your profit and you try to do that a few times Maybe you if you get in low enough now It's a little too much because it's in leg d But a little lower you try to keep a core position and then you just keep trading around Another you treat it as if it's it's like an ATM machine And you just keep taking your money off and you try to hold as little as possible because when it goes back It goes back really sharply, but I suspect that it's going to wards I wouldn't be surprised if it has one quick pop to the Oh 201 area, which is the high of the week of six of august. That's p i x y picks a short short picks short pixie ink Yeah, something like that. All right So let's do this because I'm just about to wrap up and this will be recorded and played back at 10 o'clock for my usual time I'm so pleased. I was able to do it. I thought I wasn't but I was so looking at the dow INDU the dow right now the futures up 142 So that puts it in the 35,100 I would just say to you that if between 12 and 1 o'clock if the dow is holding nicely above a plus 18 maybe plus 100 And then it pulls back But then all of a sudden 230 to 3 10s off in eastern time There's another bout of buying I think we can have a nice close to the for the first time in quite a while But I'm a little worried going into monday of this coming week. What happens and we'll see what happens I'll be back tomorrow for my regular time. 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