 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 internationally at 727-445-1044. Now, Basil Chapman. Hello, Basil Chapman. This is the Tiger Technician Hour for the 16th of July. Really important session as far as I'm concerned. Yesterday I said, last week I said it was going to be a very important week for a number of the indices to see whether trends can continue, whether they change. We actually went to new highs in most of the indices. Not all, most of the indices touched a new high in the Dow today, all-time high. We're going to be going about this. This is a lesson. In technology, what we're always looking for is this particular series of configurations. We try to identify the lowest low bar and merely count each successively high to get to the fourth highest peak, alphabetizing them, uppercase on the way up, lowercase on the way down, but it's on the way up that it's much more meaningful in terms of notation. On the way down we look at patterns and we look at the magnus stochastic. So it's slightly different, but look at this. At peak D, other things can happen. It can even go to E, F and G, but D is where you raise your foot of the accelerator that accrues for just a moment to see whether or not there's action enough to continue in a buy mode just to make one little peak and then pull back or you've recycled high or this is the deepest consolidation. You'll see how many times that happens at D. There are only three patterns, straight up, straight down. That's this line right here and an arch and a curve. And what happens, you go from one level, rally, come back, retest it. How you retest it is important. You go from one level down and come back to retest the upper level. How you break out or break down is important. And then so you can say three distinct chart formations, but you can also mix them, but it's still three patterns. And here is a mix. And the red one shows when you come down, you make an arch formation, retest the low and take it out in a particular way with weak technicals. Woo-hoo, you can go much lower. And on the upside, when you bounce and you try to take out the top part, if you fail, that's one thing. If you take it out decisively, it's very positive. So three patterns, straight up, straight down, arch or cup. How does that apply to real life? This is how it applies to real life. Look at Microsoft. Unbelievable, a cup formation. And then it just breaks out massively. Look at this huge cup. And it goes back to the high that was made. Let me show you. Maybe I'll squeeze this in and you're going to look at this. Look at this. That's the high of 2015-97. Actually it was split, but it's a peak D. Runs all the way down to 14.87, 2009. I would say that's a bit of a 86% of something decline. And then it comes back, takes out and the chaplain wave cup and ladle formation takes out the left side high, comes right through it. And what do we see? We see that yes, right here. So this is a leg G slash C, because that's that alternate count. There's your D with the chaplain wave. Instantly restarted that peak D where it recycles higher. Now we've gone through a G slash C with a doji candle with a MACD and stochastic still very good. Hey, hey, hey. You've gone to a leg F in the weekly chart and with a MACD good and very good and the stochastic very good at 91%. Unbalanced volume is a red one right here. It's pulling back a little bit and the unbalanced volume is still very good. Wait a minute. We were right here. I was looking at this the other day and thinking, you know, for ages I've been saying, buy Microsoft. We haven't bought Microsoft. We've got others that have done fantastically. But Microsoft just kept going high and then the other day I looked and I said, this is going to be a test in the chaplain wave methodology. Are we going to get a peak D at an all-time high in Microsoft? Well, on the 11th of July, it goes to 1, what is that, 1? I can actually see it. 139.22. But the next high is 139.13. That 9 cents makes a difference because it makes a peak C. And then lo and behold, yesterday we go to 139.54. We just put that in because I think it's going to be significant. 139.54. And at 139.54, today's gap, well, it opened kind of at the close yesterday, the same price. And then gaps down. And now in one fell move, we've gone to just under the 14, the black line, the 14 period moving average, which we've only tested successfully a few times. And if we break below it, it'll be the first close since we broke above it back around about June the 5th or so. Isn't that amazing? So you've got your peak D and Microsoft with very poor technicals in the MACD. Stochastic's still good at 87%, but it's hinting that there could be further decline to go. That we could be testing the 133 to 132 level over the next two weeks. And here's a leg F. Here we go. Let me go through these things. So I just wanted to show that. And you're talking about cup formation, you're talking about V-shaped formations, the same as a cup. And a breakout to the upside here from the 93, 36 low of December. Not bad. Up 40 points to 139.54 over that. And hey, you can have a little digestive phase right now. Let me show you something else. In the Dow. I'll just show you this because it's all the techniques that I talk about from my opening call subscribers. Back a day before at the alternative count G slash C around about the 22nd, I think it was 21st of April. I was looking at that. We made a peak C and then a G slash C and I said it doesn't matter if we go one peak higher. That's okay because a G slash C you can often go just to the D and then you've got to be careful. So we went short at about $26,580. The high was $26,695. On the 23rd at peak D plunges down and goes to $24,700. On the way down we were covering most of our shorts and then we went 200% longer position that was conviction the day of the June 3rd low at $24,701. That was the low. We went long at about $24,020. I'm not sure the exact number because we were long a different instrument in the Dow. And it goes to peak A, peak B, peak C. We took a little bit off right there at peak C around about $26,960. But I held and I said we're not doing anything because we want to see what happens in this leg D. The mag D, the moving average convergence divergence is good. The slow stochastic at 96%, that's good. So we had a plan and the plan was two twofold. Plan was to do one thing if the Dow did a certain action or to do something else if the Dow did another action. So the action that I was hoping would be the one because it would be doing it right in the 27,393 is the action that we've just done not changing at all our long position. It's just a way of it's a trading position. And now we're down to 27,312. So this has to do with the waveform. It has to do with the technique as it applies to the waveform. It has to do with what I can do for subscribers to be able to articulate what and why we're doing it. But there's another factor that I absolutely want to keep in mind. Look at the weekly chart of the Dow with the mag D, the moving average convergence divergence making this M-shaped pattern and so strong. Look at the green line, the nine-period differential and look at the red line. This is a 26-period exponential moving average. Look at the distance and look at the stochastic at 95%. I didn't want to get too clever here. I think there's still an intense buying format that's going on amongst fund managers. 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If you'd like more information about the Tiger First Mortgage Program, go to 518-9190. That's 877-518-9190. TfNN has launched our brand-new website. You can still visit us at the same tfnn.com URL. But when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in 6 months and yearly options. Check out the new tfnn.com now and experience our new TfNN.com website. TfNN has launched our brand-new TfNN.com now and experience all the upgrades. TfNN.com, educating investors. Toll free at 1-877-927-6648 internationally at 727-873-7618 Hi folks, we're back. So let's just go to the S&P to do a little bit more detail. S&P coming up now, S&P is down about ooh, accelerated down down 12. S&P is now down down 62. Here's your peak F at 3,015 sorry 3,017 I think I said it was and I typed that in now. 3,017.18, let me just change that 3,017 .80 and the MACD has not yet crossed negative. So 95% in the daily 96% in the weekly and the MACD is still good and the monthly just crossed positive but this is halfway through the month. We can't talk about it as if it's a done deal. So this is very interesting. Is this a leg E in the weekly chart? Is this a leg F in the daily chart? Is this only a new brand-new leg A in the monthly? And so far everything says yeah that's what it is looks like an F acts like an F after peak F the bar or the next bar after F is used to very sharp big red candle but you need the MACD to turn down I can't even put a cell signal notation here I can just put a little red plus sign if it closes under 2978 in the next few days by Friday maybe then I'm going to put it down I'm going to put a cell signal probably cell mode but first a cell signal nothing at all in the weekly chart not a single thing so let's go one step at a time I break out to new highs this is very positive QQQ 123 QQQ this is the Invesco QQQ Trust series trading up same thing 194.19 yesterday the high today is 194.09 was a 10.10 cents lower characteristic of the candle of a leg F but the days young anything can happen but I am looking at the MACD starting to not turn cross-negative but turn down just casting still very strong a 95% same thing in the weekly charts so I'm calling this a just a little digestive phase we're going to have to see if it accelerates further now I need to go to the IWM just to show you something IWM is just now it's down it was up a little bit I gave the update at noon now it's down 14 cents at 155.50 now this is going to be important look at the remember I've been spending a lot of time in the IA which my subscribers along it's a very light volume thing it's gone to a leg E skyrocketed into the 66.29 area from just the other day was in the 63.64 that to me is really important but at the same time I'm kind of nervous that this is telling me that it's a little bit related to look at the iShares broker dealer ETF just in the shorter term kind of looking at the picture right here over the next couple of weeks 94 in the stochastic Magdi is very strong I want to see how this thing unfolds yep I will do that I was asked if I could show it with those moving averages again look so this is this is the IAI coming up so you see all these automated resistance points look at that it just broke right through that it held it and then boom each one it stopped dead in the tracks and then it broke out there is it didn't stop dead in the tracks it went right through at the 65.91 today's high 65 excuse me 66.29 66.59 is the next one this is a very important moment and these become support levels so the whole thing about the 65.02 of the nine period green moving average that could be a containment area look to get the last time that this broke down and you had the Magdi sorry I called it the Magdi but it's like a Magdi but it's not it's the nine period moving average under the 14 period you can use any ones you want I kind of prefer it took all the way from around about the 64.30 area to go down to the 61.80 what was this low right here 61.49 49 and then it took time to break and go lower so that's why I'm saying I'm not going to get too carried away with calling a top right here I think to say just for subscribers who are interested in trading we had a plan we've got a plan we've tried to work the plan we'll see if that works out now the other thing that's important is if you look at the IYT which is the where did that go wrong one IYT let me just click on this chart so it goes to this chart there you are IYT this is the I shares transportation index spiked up in a leg F 191.68 yep this is leg F and it went higher than that it went to today's I have 195 wow 0.65 let me just type that in so we've got a reference point here 0.65 that's how I make it great because we don't know if this is done it's just an indication of today's high so this is nice action you've got the transports finally moving on the XAL must be up surely except that guy typed it onto the chart don't do that there we go dollar XAL this is the Arca airline index trading up a dollar 89 18.32 in a leg so this is still very positive MACD and Socastica nice up this is the weekly chart also everything's up this is very good action and that's another reason why I want you to see if the IYT was going to stay lagging or continue higher that was very important so okay over in that area I want you to show you one more thing yes I was asked about again about that PLD what happened with the takeover talks this is prologous Inc. REIT industrial having a great day up 99 cents at 80.93 I did not want to do anything we're in we've taken profits all the way up from the 75 area at 80 and 82 and 83 I just don't want to do anything I said keep at least a half the original position and let's see what happens here this is a peak A in the weekly chart if there's none you're high about 83.99 but they're taking over the competitor I don't know if that's going to be good or a bad position but so far I don't have the tank goes to say get out of this so that was the one question another question I had was um yeah so we do have a broker that's doing very nicely it's up almost 3% today and that was also we along that plus the IAI you know we don't have that many positions but we're really working very hard to be able to maintain these positions add to them or take off whatever it needs to be and today we did add one more long this is a little bit of a gamble because I like the stock I've liked it before but I only wanted a pullback it's given us that pullback and it's not a very high price one at about 38 dollars it's reasonably priced I you know you could have 300 400 500 I just I'd like to get if you get everything in a lower price stock want to go for the lower price stock if you have the same chart pattern as a more expensive one that's not just I don't like the more expensive one I just try to be a little more practical for subscribers now the next thing I want to look at is yeah so the question about gold what about the mix of gold and silver well you remember what I said I've heard stories all the way across the board since last week that gold is going to um you name that you name the upside oh gold is done who needs gold in this particular environment even with rates low and then they name the downside you know I'm in the camp that says chart patterns repeat over and over again this flagpole with the rectangle formation says you can stay in the sideways range for a lot longer than your patients that doesn't mean say individual gold stocks don't move well but I just think gold is stuck it's down four but look at silver how they rotate through these things silver had a really nice breakout into leg D I'm going to start to come back to the 200 we're moving up 1537 we'll see you soon enough I'll be back down's down 38 I'll be right back Basel Chapman take it this is our camp since 1984 Basel Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s Basel noticed that prices under most circumstances virtually always had a number of legs to the upside before declining sharply later Basel found the computer software which included the standard market technical indicators enhance the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basel Chapman 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scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks 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 gonna love this new charting software that will even give you a 30 day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com this segment is brought to you by think or swim for more information just click on the first swim banner on the front page of tfnn.com I vote down down 45 sbs down 15 no 10 and what we're looking at here is the silver is up 24 cents at 15.16 nice breakout here and what's really important it was looking two weeks ago it was looking lousy it really was and the monthly chart was looking lousy now the weekly charts improving because the technicals are starting and the MACD and Stochastic in the monthly chart were actually higher now than they were before and that is a good side now does that mean that gold and silver are going to fly to the moon and what we're really looking at here is the chance that within the context of what's happening now silver is played catch up and maybe in the MACD it starts and it's done this before look at the peak D in the weekly chart when it ran all that way higher back on the week of the February 22nd it went to 16.45 so it has done this before don't be fooled by silver I think that right now this looks to me more like catch up not catch up catch up but I mean a catch up to the gold and we'll see if it lasts and if you are long that's great I would just say 15.37 200 period moving average a close below that says it's all over for now it's going to go sideways for a little bit longer alright we're looking at the dollar this is a really nice move in the dollar look at the highs 97.36 up 0.43 isn't that amazing how the dollar has held so beautifully and that weekly chart has led so far to an improvement in the MACD not great but an improvement in the MACD has started to rally and all of a sudden the monthly chart that 14 period moving average the black line has been like a spring board for a move up and the 9 period moving average green of 94.62 went right through it 94 96 so 96.42 and I think we will get a leg D in the summer and that will be very important over 98.37 and it could still chop around this is just a day one day's move so I think it too carried away EURUSD Euro Currency Pair look at this H pattern remember what did I say you can mix the two patterns and it can come down there's the red one the lowercase H break that left side load decisively not a good picture so let's watch this closely for the Euro I told you the weekly looks lousy and the monthly looks worse than lousy horrible let's look at USDJPY Euro Currency Pair and what do we have trading up I think up 31 cents but it hasn't got to a leg D I think it will get to a leg D and that will be above 108.99 and that will start you going into a leg D and Crudeau remember it looked impossible to do when I was on with Tommy of Brian Jr last week this time we were looking at Crudeau on the Wednesday and I said this should go to a leg D in the cup formation the lower bowl goes to a D at continuous contract 68 sorry 68 someone's fallen off their chair 60.94 let me just type that in so I don't make that error again 60.94 continuous contract trading right now 59.33 no big deal but it's going back into the rectangle formation as far as I can see so that's very important just color this in for now got it okay so we want to look a couple of stocks now let me just do this to show you why certain things in my opinion are happening my cash index and tests test corporation trading right now 242.96 made an all-time high 244.59 G slash C still extremely strong but the MACD is just okay and the stochastic is very good at 94% in the daily the weekly charge MACD is strong and the stochastic is at 97.36 I mean you don't get much higher than the 97 maybe 98 I've seen once at 99 so and that wasn't a Chuck 99 and it wasn't a thing we used to have around here restaurant called the 99 Sintas Corporation overalls uniform rentals this is telling us at least for now even though it's a later bloomer because obviously if companies are doing it real well they're going to keep buying what they need right up until it turns down the market turns down and then you'll see this fading but right now it's saying things are good Amazon Amazon Prime today is the second day Amazon Prime I probably should but I don't do much buying 2010 right now down 11 points it's just stuck in a range I'm going to do this here a little mini rectangle formation says yeah you might pop out once above there chances are you're going to be coming back down after going to almost the all-time high a little retracement from 2026 the high last week was 2030 something wasn't it yeah 2035.80 and the all-time high is 20.50 and yeah we've got Amazon taking a bit of a breather deserves it and nice leg up I think this is leg B in the month there I think it's going much higher over the next many months so that's Amazon trading at 2011 down 10 and needs to hold 1988 to 1968 over the next two and a half to three weeks otherwise we've got a problem next thing I want to look at is spy which is the S&P deposit receipts makes an all-time high yesterday and what I said was 302 wasn't it 301.13 let me just type that in 301.13 over the round number high from the other day I think this is a topping area but it could be just short term because the Mac News is going to be bad news it doesn't and so far the news I mean even the earnings today but even the earnings on Goldman Sachs we're looking at in a moment yep I've got questions about it but more importantly that's right it was some kind of a wage report I heard on the radio and they were talking about even the lower paying jobs it's really starting to improve and that's really good so how does this resolve it might just go into the 295 area 4.400 points maybe in the Dow I'm looking that's not I wouldn't say worst case but that's probably the more serious case but actually what I am looking at is how to is there a new high over the next two days or do we drop a little bit further and then we're going to get a sense of whether the MACD is telling us this is more serious or not and then H is Home Depot Home Depot is trading down $1.20 at 217.50 yesterday makes a leg D looks like today could well be a peak D and look at this in the weekly charts at 2.19.30 2.19.30 and what do we have we have a leg D probably a peak D today in the in the daily weeklys and leg C in the chapter we've inside tracked repellent zone and this huge circle here it says brand new all-time highs this month fabulous action in Home Depot maybe it's just a little overbought okay now that's much more important then if I look at Caterpillar which is having an eye there's your D same as Microsoft just couldn't resist goes to a D let's see if the weekly chart at some point will go to a D but the data he has and I can have a little bit of a digestive phase so Caterpillar IBM I still don't know why I still keep IBM this is habit I guess in a leg could have recycled maybe G stash C that's all I'm calling it and that'll be very clear G stash C and we haven't gone to a D in the hundred forty fives so maybe there's a little more room but I think that that's telling us something and look at this triple M had a very nice earlier start as well as you text I'll be back and we'll talk about my dark quartet in a moment down down to thirty five twenty five I'll be right back as a chapter target if you're in the CD market and looking for a secure investment the Tiger first mortgage program may work for you the security for these in the building lots in the tax opportunity zone in St. Petersburg Florida the tax act of twenty eighteen set up tax free zones 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highs right here one thousand one thousand I haven't looked at it for a little while one thousand one hundred eighty two when seven was the high and down just a four points below it four and a half points yeah I think this is I I'll go through this again but I think this is a new leg being to the upside whoo whoo that is incredible let me just double check ninety one eighty two ten yeah okay so yes it isn't ready yet for a major collapse because only a leg C in the monthly chart like E in the Whitney so this could in fact have some kind of a digestive phase maybe there's about another week to go all these O'Reilly I had this all notated I can't remember it was asio we once had a spectacular move we shorted asio and it was the day before the earnings report and then it just collapsed was like an 80 point 80 point move or something it was amazing A B E F and there's a strong move and that could be a recycle Chapman wave instant restart right there whoo this is strong this is strong yes you could have a bit of a pullback but this is still very strong all the at 404 point 93 so question I had about Boeing yep Boeing is trading at was that down a little bit earlier on no now it's up 250 nice action helping the down a little bit Boeing at 364 up 253 it's just stuck in a range now here comes a big question Goldman Sachs Goldman was up 4 was up 4 now it's only up $1.95 now it's up 2 going once going twice 206 anybody got me a 230 1.98 anybody 1.90 2.04 alright so 213.64 in leg D after earnings were actually I thought I read somewhere where I saw it go by that said the earnings were surprisingly good alright leg E in the weekly chart and only a leg C in the monthly I'd said to both subscribers and actually here and in interviews that if at any point Goldman starts to trade in the 222 area I think that would be a breakout that would be a harbinger of much higher prices to come this year but it went to the 217 area that's pretty good 5 points you can do in a blink of an eye but so far that's what it did it's giving some of that back this is good I like that it's in play it's moving out of its resistance to care in the monthly chart right here the only one that went to a peak C and I can there's no other count for it so it went to a peak C failure because it went to a low low I haven't seen that in monthly charts I just I don't remember seeing it it does happen I just don't remember off hand so it's broken out this is a good action now I can have a bit of a digestive phase the question I had was would I look at the what was it oh the BKX index BKX this is the Keith Brut bank index right there it is KBW bank index down 75 cents having made a peak D another one of those D's I haven't got down arrow yet but I could by the end of the day so the XLF is really the one that's easier for you to get XLF as a symbol it's the same thing and you can see right here it's gone to peak E in the in the daily chart it's pulling back a little bit the D a leg D in the weekly chart technicals are still pretty good I still like this area the financials I think they're going to overall as a mix I think they're going to hold up pretty well now one of the things that I am looking at here is within the XLF what about a visa which has had a spectacular run well visa made a peak E three days ago and says slightly lower highs it went to 183.95 let me just type that in 183.95 okay and what we're really looking at here is just a little high level consolidation but the MAGT it's turning down a bit but hasn't crossed negative and the sarcastic is steady at 92% but is pulling back with unbalanced volume and the relative strength index leg D in the weekly chart a lot of this says to me be ready for some kind of a consolidation it doesn't have to be a major catastrophe down to but it could just be some kind of a consolidation of the spectacular move even if they're just those waves that didn't see the sign the rogue waves they didn't see the sign high tide at noon and at 1206 whoosh they come all the way up the beach and wet everybody and then you look around the ties going way out that's kind of what I'm thinking here is that we've got some kind of a digestive phase about to unfold may might have begun already had a question about or earlier on let me just see the you you you I said I'd get back to that today oh nice spike to the upside giving some of it back oh man I bet this is the one that's moving to not the other one UEC yeah isn't that interesting you never know I said to the question about you you you and UEC I said I think I like you you you you you see better because it was acting well it didn't go even today's acting better because it didn't go into the wick of that horrible ugly candle from the dollar forty three I think it was down to ninety one announced at one point one one but let me go back to you you you you you you yeah oh there it is okay sure what was I looking at let me look at that chart because that was quite interesting I was three years okay it's the four years no I still stand exactly what I said before don't get too involved with both of them but pick one and I thought my I thought that the one that I chose the UEC was better this is energy fuels ink and the you you you sorry UEC is a uranium energy called they're both uranium I this one that I seem to have a little bit better better chart okay that was a that was a shocker let's see questions I had over the over the weekend that I never got to oh yes we don't look at those stocks like a work day I haven't looked at this for a little while work days in leg a b c so we've got an a and we've got a b and a c so will it keep going up like this in a stair step move big spike then it gives a chunk back big spike to another new recovery high and then it gives it back yeah there's the chapter we've inside channel if it is going to rally from 214 right now down 384 um got a lot of resistance to the 228 229 area okay yes okay so now the other thing I had a question about was a work day uh oh zm zoom zm is trading at 9792 made a peak F in the chapter weight of 107.34 on the 20th of June pull back to the 84s trading right now 97 making a potential U formation U formation there it is U formation sounds like from the book one word book the givers, two words, the givers right um oh he's involved with the U for there we go there peak C this is a leg C right now could become a peak C so it's having a U formation and that's going to be very interesting so um yep we've got the bell ringing right now got the final break before I end the show so let's get this break over with so I can go to some of the things I just got some emails about I'll get to them in a moment 1000 Chapman Tiger Dream Missions Hour the author of the opening call very comprehensive newsletter that has some very nice positions let's see what happens now and I'll be back dollars down just for I'm certain you are or strive to be one of the best of the best at everything you do in 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Dave White Tom O'Brien I'll be on with Tom in the first part of the show this afternoon so we've got Zoom trading at 97.93 down .87 Leg C got a cup formation I wouldn't be surprised if the 97.3 to 96.80 yes the holes and it just tries to go to a Leg D whether it goes all the way back to 107 it's going to be the issue but the Magnete did turn up so this is a good chance over the weeks I think we will get a Leg C above 107.34 in the weekly charge and it might take a little while and that will start this is a Leg B if it's this month it'll extend B if it's next month it'll start Leg C in the monthly I do think this is in play for the long side just getting in and it's very important to know hasn't filled the gap that was the gap from earlier in June from about 80 all the way to 90 huge gap, news related gap so that's always a bit of a problem for me how do you fill it, do you fill it and what do you do afterwards that was what I'm looking at for the Dow to actually turn down significantly it's got at least to go under 27,000 probably 26,800 for it to be a it was just there a week ago so it has to be holding underneath that level holding even under the 14 period moving average over a period of days that's at 26,942 to have a significant effect in negating the strength and the technicals so my thinking here is that we're going to be choppy for the next three to seven sessions and that choppiness could maybe go to a slightly higher high I think there's a lot of resistance slightly higher so we can go there and then come back down and then go back up and then go so chop chop chop sideways that's kind of what I'm looking at with maybe overall slightly lower highs and slightly lower lows maybe expanding the lows a little bit that's the way I'm looking at it and that kind of corresponds if you look at the QQQ let's just do this because I haven't done it I was asked about it earlier and I said I'd get to the semiconductor index pulling back today I think the semis are now stuck in the range at 133.95 the break into the 116s is very good I think it's probably going to test 111 before you can rally again alright I'll be back a little later with Tom have a wonderful day check out my opening call dating newsletter hope to see you out tomorrow Baselchap is signing off and I will be doing the news the one o'clock news update as soon as we get back otherwise I will see you tomorrow