 The following is a presentation of TFNN, the Tiger Technician Hour with your host Basil Chapman. Call now toll-free at 1-877-927-6648 and we're also looking at very interesting phenomenon because even today we were speaking about this for about maybe 10 days already. All those round numbers and we spoke about Nvidia and you know what Nvidia had a high all-time high on Friday of 666.00 I mean rarely a zero I mean this is when you don't go to the pennies but you go to the zeros it means that someone is either buying or selling with a degree of I wouldn't say hysteria but a degree of determination they just got to get it or they just got a sell what it turns out today it had a 677 round number low that's 11 points higher it ran up to 694.97 and now it's trading a 688.72 up 27 so this to me is a kind of a benchmark and video graphic processing and work for workstations games mobile devices chips that's really important so we'll keep an eye on this now let's just go to the market and we've seen this in so many stocks and it just it says to me that something is going on here that's just a little different to what we normally see actually I wouldn't say a little different because I do see around numbers at market change trend changes but this is the number is quite extraordinary I don't want to go over them it's already about 40 or 50 that I counted since last Wednesday alone so something something is happening that's a change in personality let's let's go through this the Dow at this particular point is down 262 that 38,390 now the way I've counted it I I don't see any other way that I can get this as a peak seat does that mean they're still gonna be over the week there's gonna be some residual strength at some point there's a little spike to the leg deal just a tiny failure under that 38,783 we'll see but look what what has happened here we've already got the S&P remember the chapter we've always looking for PDs and that's where other things can happen went to a leg D on Friday and that was I should have typed that in a little earlier on I forgot to do that at 49,75,29 let me just change that 40,75,75,29 and today we're at 40 that was a 49 it should be 49 let me just go through that again I think I did that a little too quickly we've got on Friday the high was 49,75,29 we've got that right there and today it's at 49,37 so that says with the nine-period moving average very strong over the 14 the price way of the nine the MACD is strong sorry to dip a little bit but it's still strong stochastic so 84% on balance runs a little overboard but look at this gray line here this daily chart on the left see this is the daily that's the weekly that's the monthly on the right look at this there's been a failure in the rate of strength that to me is quite important and that's why I've said to subscribers to opening call we've got to be very careful here we've got to start implementing some short positions and we're looking at the QQQ at 427,75 down the dollar 24 had a high all-time high three weeks ago was 429,25 and on Friday at 430,24 let me just type that in little double top there for 30,24 and now we're at 427,73 down a dollar 30 that's the QQQ now the weekly charts are all very strong I'm looking at the monthly charts all very strong so this is a short term potential trend change and we're looking at the IWM the Russell 2000 Russell 2000 is at 190,75 down 3.66 it's not been very good at all just acting very quick and gold as I said before it's down sharp he's done 18 it isn't breaking down yet it's still holding considering what the dollars that this is holding very nicely if you're looking at silver silver is down point 37,22,241 doesn't look as good every once in a while silver looks a little better than gold and gold looks a little bit but they're both in downtrends at this particular point and one of the reasons is you've got such strength in the dollar and that of course is a market negative look at this dollar daily chart here they eat very strong now I've got an E but what I've noticed over the last few weeks I like to look at the character of the market the different charts it doesn't matter where it is or what it is if the pattern starts to match other patterns then I have to say that this is in play and that would say that little peak right there is an A and this is an E but that could be an E and I'm going to put it in because it says this could be a longer-term move for the dollar and a longer-term move for a pullback in the market which it deserves we know that leg A in the in the weekly chart the monthly chart says that the dollars just nothing to see here but boy that that daily chart above the highs that were made back in December way above the children's period moving average all very positive and if you look at the EUR USD obviously it's going to be coming down it's gone it's testing and just broken as the dollar is broken that December high so the let me just get this is a euro dollar currency pair this is the right here daily chart below that was made and this is the the price change over a period of time but right now the price for the week of the 8th of December is 1.07237 and here we are at 1.0868 so we're underneath that by a fraction and you're thinking of the USDJPY that'll be the yen that's the dollar yen currency pair hasn't quite made it no they're all being the same thing that is testing that high that was made on the 19th which is at 1.48806 and today's high is 1.48824 so it's slightly higher and you've got this the pairing of the dollar and the yen going in the same upside direction and the euro going down together with gold let me just do crude oil right now crude oil is very important pulling back shopping so if you look at this it's kind of saying that some deflation aspect and some of the key metrics that we're looking at obviously oil is very important if oil is coming down is that saying that there's an economic downturn together with copper yeah look at copper coppers down 0.05 3.78 right 3.76 very sharp move to the downside and now I have to go to bonds James bonds looking at a sharp move down down 1.2231 and 2230 seconds at 120 and 830 seconds very sharp almost like a one of those chap wave look at this dreaded age pattern only went to an anus pulling back really sharply here wow look at the tbt version of the tlt very sharp with that said you're going to make a puzzle champ like in the future now i'm going to take down 314 look right back 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 everything in the universe is governed by the Fibonacci sequence this mathematical 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 Pezzavento 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 daily 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 tfnn.com educating investors old report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the us futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xau hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy-sell recommendations the gold report new subscribers get a 30-day money back guarantee so you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com tfnn has launched 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 the tiger's den available to all tigers and tiger's for just one dollar for the year there's no cash or added costs 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 toll-free at 1-877-927-6648 internationally at 727-873-7618 thank let's see if we've got anything yeah oh we have Larry Pezzavento on the line Larry Pezzavento how are you i hope you're feeling a lot better so i feel okay except that i don't have any voice i don't have any symptoms anything serious but i i wanted to alert the folks to be really careful being long stock up in here because we've hit something of a ceiling in my opinion so that's the only thing i wanted to bring to their attention because there's a lot of things that are telling us that we might be turning down here and with market action today if we get that dow jar that s and p blow 4900 and the dow Jones below 3810 it's going to be pretty nasty as my gas but i just want to bring that to your attention okay i think that's really very good advice Larry now i've been talking about something that i have not seen i know you have i've been listening in it that's another reason why i've been so bearish and you know it's it's fascinating because you have to ask the question why would fund managers just put in a bit you know in the old days when we used to have to call in something and it was also in quarter points and you say get me out at 54 right you wouldn't say 54 and three quarters of a few and this to me is there are people that are either desperate to get in or desperate to get out and for a week and a half i've been seeing these round numbers it just says to me that something is very different we haven't seen this before and it's really it's going to be significant and we won't know for a few days that my guess is that it is telling me that fund managers are getting out big time in certain areas and certain stocks and i don't know we're more than that but that that's the way it looks at this particular time i don't know if you agree but that's kind of i certainly do i certainly do my friend certainly do and when my voice is fading so i'll talk to you soon and thanks for all the support buddy i appreciate it very good well we miss you all a lot all right thanks a lot thank you for calling we appreciate that thank you very much as a very president who doesn't show it one o'clock eastern time every day i trade what you see that a little problem with his throat as you can hear and we just hope that he gets better really soon so let's just do this we go back to what i was looking at in the market let me have to just change this go back to questions in the den let me follow through with us you can see this is the e-mini you can see this is the one minute chart right over here on the left just come tumbling down in the five minute chart right here you got this big candle and then you had you remember that in the travel wave we're always looking for that fourth highest peak we call it peak d a d c is the third highest peak b d is the fourth it went right there to the four seventy four level and it came down and now we're at four forty nine forty four all right that's you know that's a pretty sharp pullback and now i needed to go back to our story right right here so i needed to show you something that i think is very important if you're looking at the tlt so you remember i'd spoken about this oh quite some time ago i said i i don't have anything as uh in terms of the dark news cloud cover or dark news index that i talk about where there's always something out there that's very negative but the market a lot of the time just ignores it but every once in a while it becomes important enough that it takes notice and what i'd say is the keep your eye on the bonds and remember bonds were actually going sharply higher so that yields have come down and keep your eye on excuse me and keep your eye on there are other aspects that i'd like to look at and that would be the dollar and the dollar's kind of you know the dollar wasn't doing very much well for the last couple of days we've had a very sharp move up especially since that wednesday speech with pal talking about yields and that he didn't see anything at this particular point that led him to believe that he should make the the change in direction official he'll wait he needs to see evidence he wants time on his side to say that yes we've got a deflationary aspect here well all of a sudden there's no choice i have to put the rectangle in right here and i say we're looking at this kind of double top area well you'll see if that's going to turn out to be something of importance and that's right here and it goes back to that rectangle that i always put when i'm looking at the internal high and the residual high and it might have been internal high residual high here i'm not even sure how we can get to that big c there'll be one of the most unusual times to make an all-time high and failed in the chaff wave at a lake c i give other wave counts but it was so clear that that's the way it should be not going to not going to mess around and say that the pattern was wrong the market is always right and that's all there's to it so let's just get out of that we want to go back to what we're looking at here so let's just go through the questions that came in so let's go alphabetically apple major major influence on the market over the years but not quite so much lately and apple is trading at this particular moment uh down oh it's it's actually up 90 cents in 186 186 84 had a huge move down to the 200 p moving average after earnings and then closed negative but with a very big green candle and today it's red but it is up uh it hit 188 36 but you can see by this daily chart pattern has made the h formation and that weekly chart is just sideways pattern and the monthly chart is holding still pretty well amazon question came in about amazon let's go right there amazon is down to almost three points at once uh 68 84 and i needed just to put this in i didn't have a chance over the weekend and i'll do it right now the high on friday wasn't an all-time high there was amazon hit 188 65 back in july of 2021 came down to 81 dollars um i think it was octoberish of uh 2022 and uh had a really strong move up gapped up on friday had a high of 172 50 let me just type that in oops no i don't need that that's 172 50 got it 172 15 and it's trading right now at 169.99 168 actually yep and um how it resolves this big gap to the upside it's going to be very important there's a leg d in the month in the weekly chart leg c in the monthly chart so all of those actually all the technicals are still looking pretty darn good did have 159 round number high on thursday before the um announcement of the earnings so this is really good let's go to google google's trading net i'm not going to google l i'm going to georg look at that 145 91 up 2.37 so the diversity of this market at this particular time says to me not everything is just so negative that you gotta jump out the window not at all it's a rotational correction as i see it a high level correction at some point and that'll change it at any moment so it made a pd with a two bar reversal right there that was on thursday friday he goes to 152 92 the 152 78 that's a two bar reversal gaps gaps earlier last week kept down and now it's having a bit of a balance so google's okay we're looking at a netflix we'll go right there and Netflix we'll be right back there's a basil chapter tiger day this is our i should tell you what the dollars do yes we go out the dollars down 374 we'll be right back currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out teddy keg stats tiger forex report teddy keg stat breaks down the forex markets every monday using his 30 plus years of experience as a trading veteran of futures forex stocks and options teddy releases his weekly tiger forex report every monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t bonds as they both influence forex markets tremendously when you sign up for the tiger 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the value we provide that we are for a 30 day money back guarantee on all new premium newsletter subscriptions and services you have absolutely nothing to risk so why wait tune in live to tiger tv and transform your trading journey because when you know better you invest better join us and experience the difference today tfnn educating investors don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv good morning everyone we're back and we're looking at the e-mini down 32 but look at this e-mini down 32 but the ym this is at ym the dow is down where did that go let's try it again but the dow is down uh to the 177 and that's with caterpillar let me just get there in a moment i'll slide over here we go just working from one computer instead of my usual array of monitors we're looking at the caterpillar which had earnings it opened it closed on friday in the 3 18ish area it screamed at the open at 334.87 and that was in fact the high and now it's trading up five so in other words it was up i said it's at 320 so it was up almost 20 something dollars and now it's uh just barely well compared to where it was very high this is where they've seen the monthly like f in the month so see weekly after the monthly but look at this um so it's hf is right there i believe that that was a high yeah it's a little difficult to see 305 73 305 75 all right so this is a leg E right here very interesting so caterpillar did help for a little bit now it's not helping i needed to look so we were looking at netflix netflix right now and flx it's trading at um down 94 cents at 563.50 now this is fascinating remember we looked at this on friday i said the sideways consolidation basically it looks like a rectangle look i'd grab it like a little flag pattern right there eventually what happens even if it pops up a little higher the longer it goes sideways the greater the chance if it takes out the baseline support on the rectangle it's going to to go quite a bit lower now look at this we'll look at the uh here we go 579.64 was the most recent high i'm just going to scroll across and see if i can see any round numbers no round numbers no round numbers no round numbers and today um yeah so this is the one two three four five six six candle in this long sideways rectangle for the moment and we're going to watch it closely because if it starts to trade under five it's at 563 for trades under 557 there's a chance that the green nine period expenditure moving average of 534 could be tagged so and the weekly chart is already for the second week it's at pd and the monthly is in leg d the part of the last high was at 700.99 this is netflix in november 2021 they're missed by one penny making that round number high all-time high and then it did tumble down to the low of uh let's just get this the low of 162.71 may of 2022 so this has been a stupendous rally look at this huge gap hasn't been filled yet and it might take a little bit to fill up for false amazon netflix meta is what we're missing right here meta had absolutely incredible earnings i went to 585 for 96 with a gap up on friday that's off to a round number of 390 then a round number of 398 and then it's screamed to the upside today it's down 12 at 463.40 and most importantly what we're looking at here is that this is like a little flag right here with this gap to the upside if at any point in the next two i give it like a three-day rule if in the next day or two it closes it can go under four the low of right there i've got it the low of 453.01 that was a low on friday if it closes under four 451 451 that's a close it can go underneath tag it and then put back go right back into that into the bar itself or friday that's good if it closes under it it says be careful offer a huge move like that this weekly charge there's nothing technically wrong it's just that the unbalanced volume is so overbought that just on a normal basis there should be some kind of a pullback but this pullback has to be monitored because we're in the area here it says with the dot now we've got the dark news cloud cover it's got nothing to do with a candle called the cloud cover and that just says to me now the market is taking what it ignored the higher rates and the higher dollar now is taking it seriously all right i'm not even getting to any political aspect right now that'll come later in the year but we don't have to do that right now this is go to okay and the question came about on on technologies i believe is called oh and on semiconductor corporation at a huge spike to the upside it's up 552 and 76.36 i think the question is what should i do so for the questioner peak a and then we'll just do a chapter of notation here this is peak a b next high peak because c and d could be an instant restart because within three bars it made a new recovery high but i can see i don't have to do that right down to p e and a p f of the edoji candle uh back in december you're in the 86ish area and it's come all the way down and had a big spike to save the day because i've tried it it made even a low low so this is a big bounce what i'm going to suggest is if you're along take something off it hit 78.75 after being in the 68th just one day ago one session i should say take something off and in fact the way this chart is looking i would take something off and if you are along from anywhere down in the 70 area i would do two things one is i'd have another part to take off if there's a a slight under the low of today which is at 75 44 and then i just wait and just see what happens next but if it takes something off right now 76 this is just money management after did you expect today that you'd be up earlier on it was more than 7.8 percent it was up in the 10 percent area i'm not sure and if you're it's a surprise it's like a gift that was given to you take something off but the weekly chart is suggesting that this is it may be in news could be earnings if it's an earnings related report this is very good if it's just because the semiconductors are moving sharply that's not a good sign because it's bound to test the 68th level so i asked why i'm saying just a little bit off money management but if it does slide underneath today's load maybe take another little bit of and then i would just hold it and then we look at look at it again tomorrow next another question came in you know i lily you know i lily um coming out with earnings had a huge move of forty three dollars what i think it's the money management but 10 for 98 um straight nascent error i'm not sure about finishing another vaccine just the money management okay but also test against all the i i lily from that i'll be right back that's the channel the gold report as a precious metal gold is still king it continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market the us futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buysell recommendations the gold report new subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to tom obrien's gold report newsletter now at tfnn.com are you ready to take your trading to the next level introducing tom obrien's award winning newsletter market insights your key to successful active trading tom obrien renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with tom's real time analysis and trade recommendations delivered straight to your 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risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing and investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz uh it's a question about microsoft microsoft is the one that i left out uh um we're looking at down five uh five five six dollars at four or five point forty eight to hit uh an old time high on earlier last week it's had that pushed to the four hundred fifteen level holding very well but i think it's going to be digesting the huge i should mention that we're all along from 38 um yeah i think it's going to have uh we haven't done anything we just not this point we're just watching you to see where we could add back but i didn't think of shorting or doing anything just keeping positions and that's it but i do believe it will be part of the digestive phase that we're going through if we're going to be going through it right here another question came in about bank of america i'm i'm concerned as i was doing my work over the weekend i looked at this and i thought wow bank of america are trading at thirty three dollars and yet again we should i should mention we've been lowered down we're long um but it's not acting as well as it should and that goes together with the xlf xlf actually acted very nicely on friday thursday uh Tuesday went to it was having pretty good candles uh friday it did bounce it's down a little bit down 34 since the 38.64 i do not want to see the financials the xlf the reason why i haven't seen that i think that this is a huge big crash to the downside i don't see it at this particular point i see it maybe later in the year but not now i know i shouldn't even say crash i should say a much deeper consolidation um is because if the financials are holding well and see usually in the crisis you get the um let me go to this right now the hgx which is the for the downfall housing in the housing sector index um when you get a major sell-off in this index in order to down 13 and 640 it's holding in this sideways pattern it certainly looks like it's going to go down to the 620s pretty soon but a very quick peak a peak b peak c and then your d there's that fourth highest speaker right there on the daily chart and it's at the d in the weekly chart and it's at a d in the monthly but the doji can i'm watching this closely why because tall brothers and i'm going to get to the financials in a moment tall brothers is pulling back to 47 at 97 70 hasn't broken down luna another big uh one of the really fine home builders and our corporation uh in this rectangle hasn't broken down hasn't broken up it's just stuck in the rectangle i'm watching this but when the the financials deteriorate very quickly when you've got a huge move down in the housing in the real estate sector now it could be the other way around but they kind of go together and i don't see that at this point that's why i'm saying this is more in the phase of of we'll call a rotation why would you get the semiconductors you remember i consider the semiconductors to be the crude oil of the 21st century because crude oil was in everything that was important in the great economies of the of the 1900s around the world and then from the late 1900s let's call it the uh 1950s but it was really the 1970s and 80s certainly when apple came around semiconductors just they were they they pervasive they were in everything that knew anything that thinks anything that moves so that's the oil and we've got the semis right now at close to all depends on stocks but certainly the smh is look at this at still holding as we're speaking it's near all-time highs at 191.85 up 65 cents i don't think by the end of the day it'll be there we'll see but that just says to me slowly by slowly one by one we've got in these different sectors in different phases of the movement remember bottoms are made synchronously uh and you've got octobers march there those are usually the times that you make major lows and within within the same day or a couple of days all the indexes that are very important make their lows even stocks but on on highs remember to year 2000 it was january of the dowel and then march was the smh's and the spx's s and p it just that's the way it works and we've got that all the way through and even the last october that was october 27th within days all the indices started to move up very sharp and it's been a spectacular move therefore you can expect some kind of a digestive phase so within the questions that i was asked about um i did oh where would amazon go was the question amazon yes so if amazon closes any day this week under 165 would be making easy but i'm gonna make it one under one closes under 166 it'll start to fill the gap if the general market look the dow i mean this is a pretty big move in the dow right um down 408 right now so all i can say is that within the context of the different sectors and remember the dow is the one that has a little bit of everything it has cvx it has the multinational oil companies it has um apple look at this apple they're all doing different things it has something like uh nike look at that nike making a low as we speak a multi-month low um not that not that great you've got in all of a sudden you've got yourself a mcdonald's i mean you're all over the show this is not an industrial company anymore mcdonald's made a pge there was a round number that i made a pge at um 292.39 on the 22nd of January so here it is 302 is trading at 285 and the big context it's just it's a pd in the weekly chart that's important but in the larger context uh it's not a big deal from where it's come but this is a big move because i now have to put a down arrow in the daily not yet in the weekly but uh a down arrow and that says you're in a cell mode so we're all over the show right um and you've got i'm just trying to get this corrected uppercase d uppercase of the way up and the travel wave lowercase on the way down um yes now this runs through the script against smci i haven't even looked at that smci this is that type it right here look at that amazing it has 606 round number high on friday this is super micro company this is in the semis this is really one of the lead companies in terms of actual functioning of what it does in the semis and here it is makes a height today of 62.46 i mean really that's that's incredible this is straight now this is this people have different conceptions of what a parabolic move to the upside is i've always sort of a parabolic move as being relative to whatever the chart you're looking at if you're looking at this chart of the month in leg e yes it's straight up but it's only two months worth of upside activity if you're looking at the week yes it's straight up but that's four weeks five weeks i'm sorry five weeks if you're looking at the day it's just gone straight up from the 300 level it was at three or six on the 18th this day it either makes an inverted eiffel tower straight up straight down or it goes sideways to consolidate i'll talk about it when we return are you ready to take charge of your financial future tfnn is your gateway to the world of trading and investing whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques it's time to protect and grow your money with insight you can trust join us live monday through friday during market hours for exclusive 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semiconductors are still up but i don't think they're going to be up for very much longer stay tuned have to stay tuned for steve rose have a great session and um just be very careful out puzzle chap is signing off